LME aluminium cash offer rises 0.84% to $3,353/t; stocks remain unchanged at 244,525t
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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India’s Navratna firm NALCO posts a 40% fall in profit for Q1 FY2024, holding limped LME prices responsible
National Aluminium Company Limited (NALCO), a Schedule ‘A’ Navratna CPSE, reported last week that its quarterly profit for Q1 FY2023-24 recorded a 40 per cent fall, attributed to sluggish global aluminium prices and mediocre demand. NALCO said that it earned a consolidated profit of INR 3.34...
LME aluminium price slumps to US$2,127/t; SHFE price dwindles by US$41/t
LME aluminium opened at US$2,197 per tonne last Friday, with its high and low at US$2,206 per tonne and US$2,166 per tonne, respectively, before closing at US$2,178.5 per tonne, a decrease of US$25.5 per tonne or 1.16 per cent from the previous trading day. On Friday, August 11, the London Metal...
Primary aluminium weekly: Alro posts declining H1 2023 results while Glencore feels optimistic of China’s role in the upcoming days
The primary aluminium sector was quite busy last week, with unstable production all around the globe. Aluminium producer Alro's H1 2023 revenue fell to 1.55 billion RON due to lower prices and the ALUM refinery's temporary closure. The company also recorded a net loss of 164 million RON, compared...
LME aluminium price live chart points at M-o-M influx of 3.12%, up US$8.5/t on August 10; SHFE aluminium price loses US$1/t today
LME aluminium opened at US$2,197 per tonne on Thursday, with its high and low at US$2,220.5 per tonne and US$2,195.5 per tonne, respectively, before closing at US$2,203.5 per tonne, an increase of US$6.5 per tonne or 0.3 per cent from the previous trading day. London Metal Exchange on August 10...
Russian aluminium stocks on LME record an 81% growth in July 2023
According to a report on Thursday, August 10, Russian aluminium stocks have posted an 81 per cent growth on the London Metal Exchange-approved warehouses for July 2023 compared to an 80 per cent increase in June. At the end of July 2023, Norsk Hydro wrote a letter to the London Metal Exchange to...
Alba posts bearish financial outcome for Q2 2023 despite higher production and sales; income shrinks to US$91.5 million
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has announced its Q2 results for 2023, disclosing 405,628 tonnes of production, up by 9,085 tonnes from Q2 2022. Sales volume grew by 3,816 tonnes to stand at 392,258 tonnes. Value-added products accounted for 70...
LME aluminium price ascends by US$10/t to US$2,153/t; SHFE price grows to US$2,574/t
LME aluminium opened at US$2,204 per tonne on Wednesday, with its high and low at US$2,222 per tonne and US$2,193.5 per tonne, respectively, before closing at US$2,197.5 per tonne, a decrease of US$6.5 per tonne or 0.3 per cent from the previous trading day. On Wednesday, August 9, both LME...
LME official aluminium price sheds US$35/t with Q-o-Q fall of 7.67%; SHFE aluminium price remains stagnant
LME aluminium opened at US$2,230 per tonne on Tuesday, with its high and low at US$2,233 per tonne and US$2,198 per tonne respectively before closing at US$2,198 per tonne, a decrease of US$32 per tonne or 1.4 per cent from the previous trading day. The London Metal Exchange , on August 8,...
LME aluminium price hikes to US$2,178/t; SHFE price dips by US$10/t
LME aluminium opened at US$2,213 per tonne on Thursday, with its high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, an increase of US$22 per tonne or 1.02 per cent. On Monday, August 7, both LME aluminium cash bid price and LME aluminium...
LME aluminium price graph shows M-o-M surge of US$63.5/t; SHFE aluminium price augments US$64/t M-o-M, down 0.54% today
LME aluminium opened at US$2,224 per tonne last Friday, with its high and low at US$2,224 per tonne and US$2,205 per tonne respectively before closing at US$2,239 per tonne, an increase of US$15 per tonne or 0.7 per cent from the previous trading day. On August 4, London Metal Exchange reported...
Primary weekly recap: Vedanta appoints John Slaven as CEO for its Aluminium Business
The primary aluminium segment has recorded some of the most interesting quips last week, with John Slaven being appointed by Vedanta Ltd as the Chief Executive Officer for its Aluminium Business. Slaven will begin his tenure in the company from October 3 this year and will remain in chair for the...
LME aluminium price falls for the second day by US$29.5/t but stands 1.9% M-o-M higher; SHFE gains US$15/t
LME aluminium opened at US$2,213 per tonne on Thursday, August 3, with high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, up by US$22 per tonne or 1.02 per cent. The LME aluminium price chart shows a continued downfall in closing prices,...
LME aluminium price live chart marks US$40.5/t fall, down 7.5% Q-o-Q; SHFE aluminium price releases US$15/t
LME aluminium opened at US$2,252.5 per tonne on Wednesday, with its high and low at US$2,257 per tonne and US$2,203 per tonne, respectively, before closing at US$2,210 per tonne, a decrease of US$43 per tonne or 1.91 per cent. LME aluminium closing prices curve has been on the downward slope, with...
LME aluminium price gains US$21.5/t to US$2,217/t; SHFE price drops by US$19/t
LME aluminium opened at US$2,204.5 per tonne on Tuesday, with its high and low at US$2,286 per tonne and US$2,244 per tonne, respectively, before closing at US$2,253 per tonne, a decrease of US$34 per tonne, or 1.49 per cent, from Monday. On Tuesday, August 1, both LME aluminium cash bid price and...
LME aluminium market price gains US$34/t after constant fluctuations in July; SHFE aluminium price also floats US$36/t up
LME aluminium opened at US$2,225 per tonne on Monday, with its high and low at US$2,289 per tonne and US$2,223.50 per tonne, respectively, before closing at US$2,287 per tonne, an increase of US$60 per tonne or 2.69 per cent. As per the LME aluminium price analysis , on July 31, the LME aluminium...
LME aluminium price closes the week with a fall of US$14.5/t; SHFE price slips to US$2,214/t
LME aluminium opened at US$2,204.5 per tonne on Friday, with its high and low at US$2,229 per tonne and $2,195 per tonne, respectively, before closing at US$2,227 per tonne, an increase of US$18 per tonne, or 0.81 per cent, from Thursday. On Friday, July 28, both LME aluminium cash bid price and...
Primary aluminium recap: Alba executes VR training for 'Potline Emergencies'
Aluminium Bahrain embraced digital transformation by using Virtual Reality (VR) technology into five key areas for its internal training courses. The effort was undertaken in conjunction with Atyaf eSolutions, and the signing ceremony took place on July 12, 2023. On July 27, 2023, Vice President...
Escalating LME's Russian aluminium conflict poised to intensify further
The London Metal Exchange (LME), the global hub for trading industrial metals and where the vast majority of non-ferrous metal futures business takes place, is once again confronted with demands to exclude Russian aluminium from its warehouse system. The Norwegian aluminium giant is urging the...
