The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
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South32, one of the world’s most prominent diversified miners, finds itself at a critical juncture. The company is caught between the looming silence of its Mozal Aluminium smelter in Mozambique and the fresh promise of growth from its Australian assets. Together, these developments illustrate the...
Press Metal Aluminium Holdings Bhd continues to benefit from supply constraints, easing input costs, and its low-carbon edge. Maybank Investment Bank (Maybank IB) Research has reaffirmed its “buy” rating on the company, lifting its target price (TP) by 12 per cent to RM6.34 per share from RM5.64,...
London Metal Exchange (LME) aluminium prices posted slight gains on August 22 compared to the previous session. The LME aluminium cash bid price climbed to USD 2,588.5 per tonne from USD 2,570 per tonne from August 21, while the cash offer price increased to USD 2,589 per tonne from USD 2,570.5 per...
From a macro perspective, the July US Fed meeting minutes showed that most policymakers believe the upside risks of inflation exceed the downside risks of employment, leading to a cooling of interest rate cut expectations, with market focus on the global central bank annual meeting this Friday....
China has formally sought dispute consultations at the World Trade Organization (WTO) over Canada's surtaxes and quotas on aluminium and steel products, the WTO announced on Wednesday, August 20. According to the WTO notice, the contested measures include a surtax applied through tariff-rate quotas...
India is at the centre of global trade discussions after reports suggested that the Reserve Bank of India (RBI) had issued a circular enabling BRICS nations to settle 100 per cent of their trade in Indian Rupees (INR). Analysts argued that such a shift could weaken the US dollar’s dominance in...
At its 66th Annual General Meeting, Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, announced plans for approximately USD 10 billion in global investments over the next five years, spanning aluminium, copper and speciality alumina, Chairman Kumar Mangalam Birla informed...
After three consecutive days of decline from Monday to Wednesday, LME aluminium prices rebounded on Thursday, August 21, rising by USD 4 per tonne (0.15 per cent) and USD 3.5 per tonne (0.13 per cent). Why did the price increase? The growth was supported by expectations of stronger demand from the...
The European Union is still waiting for Washington to deliver on key promises made under the trade deal struck at the end of July 2025. While the agreement set a 15 per cent baseline tariff on European exports, already in effect since last week — Brussels says other critical measures remain...
There is a long history of economic relationships between India and Japan. The key events that fortified this relationship were Japan's contributions to India in the steel sector in the 1950s and Japan's direct investments in the IT sector in the 1990s, and now Japan is beginning to depend on India...
RHB Investment Bank Bhd (RHB Research) reportedly expects that Press Metal Aluminium Holdings Bhd is projected to post a higher net profit for the second quarter (Q2) of 2025, supported by lower alumina prices. The core earnings are expected to grow Q-o-Q to between RM480 million and RM520 million,...
Aluminium prices rose on Thursday, August 20, leading other base metals, as falling stocks and stronger demand from China supported the market. But the rise was held back by an increase in global supply. At the London Metal Exchange (LME), cash aluminium bid stood at USD 2,566 per tonne, down 0.21...
Peel Ports Group, providing port and logistics services, has become the first UK port operator to join the Aluminium Federation (ALFED), a non-profit organisation dedicated to representing and supporting the UK aluminium industry, underpinning its strategic focus on helping the steel and metals...
National Aluminium Company Limited (NALCO), a Navaratna central public sector enterprise (CPSE), is pursuing brownfield expansions in alumina and aluminium production as part of its strategy to secure Maharatna status. NALCO plans to invest INR 17,163 crore (USD 2.06 billion) to enhance smelter...
The London Metal Exchange (LME) aluminium prices continued its decline on Tuesday, August 19, reaching its lowest level in over two weeks, following the US decision to expand the 50 per cent import tariff. As per the price graph, both cash bid price and official settlement price dropped further by...
Aluminium markets endured a turbulent first half of 2025, with ingot prices slumping sharply in the second quarter across North America, Asia-Pacific, and Europe. Oversupply, sluggish downstream demand, and rising inventories all weighed heavily, while US tariff policy further unsettled trade...
Ontario has introduced a USD 1-billion relief fund to support businesses hit by aluminium, steel, and auto tariffs. The initiative, called the Protect Ontario Financing Program, is part of a broader USD 5-billion tariff support package unveiled in the province’s spring budget. According to Finance...
Since 2017, RUSAL has been implementing a Low-Cost Energy-Saving Solutions Program for electrolysers. Each year, between 300 and 1,300 electrolysers have been converted to energy-efficient configurations. As of now, these designs have been installed in more than 5,500 electrolysers across five of...
