Primary weekly recap: Get ready for some of the biggest aluminium industry events, ARABAL and ICSOBA 2023

It is time to prepare for an electrifying event as Ma’aden hosts ARABAL 2023 with the patronage of H.E. Bandar AlKhorayef, Minister of Industry and Mineral Resources for the Kingdom of Saudi Arabia. And that’s not all! Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, is all set to ignite the 41st International Conference and Exhibition of The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) in Dubai. On a serious note, Germany is on the brink of a recession due to a decline in aluminium production and other discrepancies in the commodity market. LME aluminium benchmark price began the week with a US$2,254 per tonne rate, with fluctuations over the week to drop at US$2,228 per tonne on November 9, down US$26 per tonne or 1.15 per cent. On the other hand, SHFE aluminium price witnessed a US$1 per tonne or 0.04 per cent hike on a Week-on-Week scale from US$ 2,631 per tonne on November 6 to US$ 2,632 per tonne on November 10.

Aluminium's environmentally responsible attributes drive a significant transformation across various sectors, replacing steel and other materials. Key highlights from the global aluminium industry in October are as follows…

To know more: http://surl.li/nalpm

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, is hosting the 41st International Conference and Exhibition of The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) in Dubai this week.

To know more: http://surl.li/nalpu

AL Circle is glad to announce the launch of our latest edition, a dedicated publication that aims to be your guiding light in the vast realm of the aluminium sector – "The Aluminium Industry: Focus Americas."

To know more: http://surl.li/nalqk

During the third quarter of the year, Germany witnessed a notable decrease in aluminium production, according to a report from the Aluminium Deutschland (German Aluminium Association).

To know more: http://surl.li/nalxa

ARABAL 2023 to be hosted by Ma’aden under the patronage of H.E. Bandar AlKhorayef, Minister of Industry and Mineral Resources for the Kingdom of Saudi Arabia.

To know more: http://surl.li/nalxj

A recent study commissioned by New Zealand Aluminium Smelter (NZAS) indicates that the waters surrounding the Tiwai Point aluminium smelter pose minimal or no threat to both human health and marine life. NZAS is owned by Rio Tinto (80 per cent) and Sumitomo Chemical Company of Japan (20 per cent).

To know more: http://surl.li/nalxw

A disappointing data release not only hints at a potential downward revision of third-quarter GDP growth but also raises concerns that the industry-heavy German economy may enter a technical recession by the end of 2023.

To know more: http://surl.li/nalyp

On Thursday, November 9, National Aluminium Company (NALCO), a Navratna CPSE Indian metal and mining company, announced its second-quarter fiscal results of FY2023-24, whereby it reported nearly 50 per cent rise in profit to INR 1.87 billion ($22.45 million) from INR 1.25 billion a year ago.

To know more: http://surl.li/nalze

Aluminium Bahrain B.S.C. (Alba) has announced its third quarter financial results for 2023, whereby it disclosed a profit of BD17.3 million ($46 million), down by 64 per cent from the last year due to poor LME prices and lower premiums. The company’s revenue also edged a fall Y-o-Y from BD403.2 million ($1.07 billion) to BD400 million ($1.06 billion).

To know more: http://surl.li/namay

LME aluminium opened at US$2261.5 per tonne on Thursday, with its low and high at US$2233 per tonne and US$2266 per tonne respectively before closing at US$2238 per tonne, down US$26 per tonne, or a decrease of 1.13 per cent.

To know more: http://surl.li/nambs

On Friday, November 10, China’s A00 aluminium ingot price dropped by RMB 40 per tonne to clock at RMB 19,130 per tonne, with the average prices between RMB 19,110 per tonne and RMB 19,150 per tonne. The spot contract price may be traded at a discount price of RMB 80 to RMB 40 per tonne.

To know more: http://surl.li/namce