Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
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Hulamin Operations (Pty) Limited has achieved ASI Performance Standard V3 (2022) with Provisional status for their facilities in South Africa. This includes the Richards Bay Casthouse (Facility 1) part of the Hulamin Rolled Products Division for the production of ingots, and the Pietermaritzburg...
On the previous trading day's night session, the most-traded SHFE aluminium 2506 contract opened at RMB 19,950 per tonne, with a high of RMB 19,995 per tonne, a low of RMB 19,920 per tonne, and closed at RMB 19,970 per tonne, down RMB 60 per tonne or 0.30 per cent from the previous close. LME...
According to SMM statistics, domestic aluminium production in March 2025 (31 days) increased by 3.7 per cent Y-o-Y and 11.2 per cent M-o-M. Domestic aluminium operating capacity increased M-o-M, mainly due to the gradual resumption of production at aluminium smelters, with some resumptions in...
BALCO, one of India's leading aluminium producers, has reduced prices of its primary aluminium P1020 (99.7 per cent) ingots by INR 3,750/tonne ($43/tonne), effective March 26, 2025. Balco's revised prices are at INR 267,000/tonne (USD 3,113/tonne), down from INR 270,750/t (USD 3,156/tonne) on March...
SHFE aluminium opened higher this morning but then fluctuated and dropped back slightly. The spot market was stimulated by continued destocking, coupled with insufficient arrivals, leading suppliers to stand firm on quotes and narrowing spot discounts. Downstream purchasing was generally as needed,...
Century Aluminum, a global primary aluminium producer with operations in the United States and Iceland, has upgraded its aluminium casting equipment at its smelting plant in South Carolina. The plant boasts casting equipment capable of processing approximately 230,000 tonnes of aluminium annually,...
The Bureau of Indian Standards recently conducted another raid at an aluminium alloy ingot manufacturing facility in Sipcot Industrial Park, Vallam Vadagal, Sriperumbudur, for operating without the necessary permits. As per the report, the company has been producing and selling aluminium alloy...
Today, the most-traded SHFE aluminium 2505 contract opened at RMB 20,650 per tonne, with a high of RMB 20,770 per tonne, a low of RMB 20,570 per tonne, and closed at RMB 20,705 per tonne, up 0.27 per cent. Trading volume was 10,600 lots, and open interest was 240,000 lots. Image for...
Kunshan Chaoqun Metal Products Co., Ltd has achieved ASI Performance Standard V3 (2022) with Provisional status for the production of aluminium alloy ingots and bars, with the processes of melting, refining, ingot die casting, casting bar casting, homogenisation and cutting, at their facility in...
Lizhong Group has achieved ASI Performance Standard V3 (2022) Certification for the production of aluminium alloy ingots and cast aluminium alloy liquid at their Guangdong Longda Aluminum Industry Co., Ltd. facility in Guangdong Province, China. Aluminium Stewardship Initiative (ASI) today...
Aluminium ADC12 alloyed ingot prices moved up m-o-m across both northern and southern India in March 2025, according to BigMint's benchmark assessment. This marks a six-month high, amid steadily rising scrap prices. BigMint's monthly assessment for the OEM grade of ADC12 stood at INR 217,000 per...
Futures: Last Friday, the SHFE aluminium 2504 contract opened at RMB 20,855 per tonne, with a high of RMB 20,920 per tonne and a low of RMB 20,790 per tonne, closing at RMB 20,880 per tonne, down RMB 5 per tonne or 0.02 per cent from the previous settlement. On the same day, LME aluminium opened at...
RUSAL, one of the world’s largest aluminium producers, has deployed artificial intelligence to enhance the microstructure analysis of aluminium ingots. This proprietary technology reduces analysis time from several hours to just 15 minutes, streamlining quality control and minimising repetitive...
In the early trading session, SHFE aluminium front-month contract fluctuated. As it was the weekend, downstream restocking combined with active trading by traders improved the activity in the spot market today. Specifically, in East China, trading was active, and spot discounts remained unchanged...
Mohan Agarwal, Managing Director, founded CMR Green Technologies in 2006 with a single plant. Today, the company has grown to 12 plants across India. CMR is a pioneer in the industry to scale up, and over the past few years, it has expanded its metal recycling capacity to over 418,000 tonnes per...
In the early trading session today, SHFE aluminium front-month contract fluctuated, pulling back slightly compared to the night session, but the price centre moved higher, with overall market transactions remaining moderate. Specifically, trading in East China continued to recover. After...
Marubeni Corporation, a major Japanese integrated trading and investment business conglomerate has recently invested Nguyet Minh 2 Trading-Services-Environment Joint Stock Company (NM2), a Vietnamese company specialising in aluminium recycling. Vietnam is Southeast Asia's largest consumer of...
NALCO, one of India's leading mining and metals companies, raised the prices of its primary aluminium ingots (P1020, 99.7 per cent) by INR 6,700/t ($76/t) on February 7, 2025. Current prices are at INR 271,600/t ($3,141/t) compared to INR 264,900/t ($3,029/t) on January 24, 2025. Prices are...
