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Today, SHFE aluminium fluctuated in the morning session, with its centre moving higher. From the perspective of spot market performance, social inventory destocking provided support for local spot premiums. Downstream enterprises purchased aluminium as needed amid high aluminium prices.
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ADNOC and Emirates Global Aluminium (EGA) have inked a landmark five-year supply deal worth $500 million (AED 1.84 billion), securing up to 1.5 million tonnes of calcined petroleum coke (petcoke), a crucial ingredient in aluminium production.
Announced at the high-profile 'Make it in the Emirates ...
Switzerland has reportedly banned the sale and import of Russia-origin aluminium in unwrought form, effective Thursday, May 15. The measure also extends to Belarusian aluminium, alongside new restrictions imposed on certain exports.
This move by Switzerland is in line with the European Union's 16 ...
