LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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...
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Futures: SHFE aluminium closed at RMB 22,510 per tonne, edging up 0.09 per cent. The price remained below the MA5 (22,580) and all medium and long-term moving averages, with the bearish alignment of the moving average system continuing, but it has moved sideways around 22,500 for two consecutive...
The London Metal Exchange (LME) aluminium price graph has been consistently reporting a decline for nearly 10 days since the June 22 close. As the Middle East tensions come to a settled state, supply fears have clearly started to ease. Moreover, Emirates Global Aluminium (EGA) announced its...
In the early session, the trading centre of the SHFE aluminium 2606 contract was higher than the same period of the previous trading day. Market warrant supply continued to flow out, and overall circulating spot supply was loose. Downstream saw only sporadic restocking, and with bearish sentiment...
Futures: SHFE aluminium closed at RMB 22,485 per tonne yesterday, unchanged. The price barely held at the MA5 (22,485) but remained well below the MA10 (23,155), MA30 (23,943.67), and MA60 (24,383.33). The bearish alignment of moving averages persisted, with the price finding temporary MA5 support...
American aluminium producer Alcoa Corporation’s acquisition of a portfolio of bauxite, alumina and aluminium assets from Australian mining company South32 has received a cautious reaction from investors. Since the announcement of an upfront transaction worth USD 4.1 billion , Alcoa shares (NYSE:AA)...
In morning trading, the operating centre of the SHFE aluminium 2606 contract was lower than the same period on the previous trading day. Affected by low aluminium prices, some sellers continued to hold back from selling. Downstream just-in-time procurement demand, combined with bearish sentiment,...
Vedanta Aluminium is expanding employment opportunities for rural youth in Jharsuguda and Sundargarh districts through its VeDakshata skill development initiative, aimed at enhancing industry-relevant skills and supporting sustainable livelihoods in communities around its coal mining operations....
Futures: SHFE aluminium daytime session closed at RMB 22,610 per tonne, edging up 0.11 per cent. The price is far below all key moving averages (MA5 ≈ 22,876, MA10 ≈ 23,323.5, MA30 = 24,021.67, MA60 = 24,425.75), with the moving average system in a bearish alignment and diverging, keeping the weak...
The London Metal Exchange (LME) aluminium price graph reflected a sharp drop in figures on the final trading session for June. Barring the stable alumina price, a downward trend was noted across all the pricing segments at the close of June 30. The LME aluminium cash bid, as well as the offer...
National Aluminium Company (NALCO) expects its revenue from operations to increase to around INR 190 billion (USD 2.22 billion) in FY 2027, supported by stable aluminium prices, higher production from its new alumina refinery and easing input costs. Chairman-cum-Managing Director Brijendra Pratap...
The ToZero (Towards Zero Waste in Aluminum BiW Manufacturing) project has successfully demonstrated that aluminium scrap generated during automotive body-in-white (BiW) production can be converted into powder for laser powder bed fusion (LPBF), marking a step towards more sustainable additive...
Norwegian aluminium producer Hydro has showcased how aluminium supports modern football, highlighting the metal's role in broadcasting technology and stadium infrastructure during major sporting events. According to the company, aluminium's combination of light weight, strength, electrical...
SHFE aluminium settled at RMB 22,515 per tonne, plunging 2.19 per cent, with an intraday fluctuation range of 22,455–22,990. The price was well below all key moving averages (MA5=22,985, MA10≈23,622, MA30=24,085.5, MA60=24,460.67), with the moving average system in a bearish alignment and...
The London Metal Exchange (LME) aluminium prices were widely expected to remain in the range of USD 3,200 to USD 3,300 per tonne. However, Managing Director and Head of Research of InCred Research Services, Satish Kumar, has taken a more cautious stance. He believes aluminium could retreat to USD...
LME aluminium prices showed limited movement on June 29 compared with June 26, with cash and three-month contracts recording marginal declines. Meanwhile, exchange inventories and cancelled warrants continued to trend lower. The LME cash bid price eased to USD 3,160 per tonne on June 29 from USD...
Europe's aluminium industry, European Aluminium, is urging the European Union (EU) policymakers to tighten sanctions on Russian aluminium by addressing what the association describes as a “significant loophole” that still allows Russian metal to enter the European market through third countries....
Futures: SHFE aluminium closed at RMB 23,115 per tonne last Friday, up 0.81 per cent, with intraday fluctuations within 22,890-23,190. Prices are far below all key moving averages (MA5=23,119, MA10=23,622, MA30=24,149, MA60=24,501.5). The moving averages are in a bearish alignment and diverging at...
The LME aluminium price graph of June 26 reported gains after remaining on a declining graph in the previous three sessions. As cash, contracts and three-month Asian benchmark prices improved, warehouse stocks continued to decline. The LME aluminium cash bid and offer prices gained 1.02 per cent...
