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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LME aluminium benchmark price inches up by 2.14% to US$2438.5/t; SHFE gains US$35/t
LME aluminium opened at US$2,392.5 per tonne on Tuesday and closed at US$2,428 per tonne, up US$39.5 per tonne or 1.65 per cent. LME aluminium cash bid price stopped at US$2,438 per tonne, with a 2.14 per cent or US$51 per tonne growth on Tuesday, August 23, while LME aluminium official settlement...
LME aluminium price grows by US$11.5/t to US$2,387.50/t; SHFE price slips by US$9/t
LME aluminium opened at US$2,405 per tonne on Monday and closed at US$2,388.5 per tonne, down US$5 per tonne or 0.21 per cent. On Monday, August 22, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$11.5 per tonne or 0.48 per cent to settle at US$2,387 per...
Hindalco's aluminium wire rod price further slumps by INR2500/t in line with LME aluminium price shrink
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, in tandem with an uninterrupted downfall in the LME aluminium benchmark price for three days in a row. With effect from Saturday, August 20, Hindalco’s aluminium wire price has been decreased by...
LME aluminium benchmark price stoops by 1.49% to US$2376/t; SHFE marks US$19/t growth
LME aluminium opened at US$2,404 per tonne last Friday, with its high and low at US$2,411 per tonne and US$2,375 per tonne respectively before closing at US$2,393.5 per tonne, a drop of US$11.5 per tonne or 0.48 per cent. LME aluminium cash bid price stopped at US$2,375.50 per tonne, with a 1.43...
LME aluminium price moves down by 0.08% to US$2,412/t; SHFE price declines by US$40/t
LME aluminium opened at US$2,404.5 per tonne on Thursday, with its high and low at US$2,440.5 per tonne and US$2,381 per tonne, respectively, before closing at US$2,405 per tonne, a drop of US$8.5 per tonne or 0.35 per cent. On Thursday, August 18, the LME aluminium cash bid price went down by...
NALCO cuts its aluminium ingot price by INR4700/t in line with the downsize of LME aluminium price
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot price since the last trim more than two weeks ago. On Thursday, August 18, the company's aluminium ingot price witnessed a cut of INR 4,700 per tonne to INR 221,950- 225,450 per tonne versus INR 226,650-230,150 per...
LME aluminium benchmark price slides down by 1.15% to US$2414/t; SHFE collects US$29/t
LME aluminium opened at US$2,400 per tonne on Wednesday and hit a high of US$2,440.5 per tonne before closing at US$2,413.5 per tonne, up US$17 per tonne or 0.71 per cent. LME aluminium cash bid price stopped at US$2,413.50 per tonne, with a 1.09 per cent or US$26.50 per tonne plunge on Wednesday,...
LME aluminium price augments by US$52.5/t to US$2,442/t; SHFE price mounts to US$2,716/t
LME aluminium opened at US$2,409 per tonne on Tuesday and hit a high of US$2,459 per tonne before closing at US$2,396.5 per tonne, a drop of US$7 per tonne or 0.29 per cent. On Tuesday, August 16, both LME aluminium cash bid price and LME aluminium official settlement price augmented by US$51 per...
LME aluminium benchmark price drops for two days straight at US$2389.5/t; SHFE sees 3.2% decline like LME
LME aluminium opened at US$2,439.5 per tonne on Monday and closed at US$2,403.5 per tonne, down US$29.5 per tonne or 1.21 per cent. LME aluminium cash bid price stopped at US$2,389 per tonne, with a 3.2 per cent or US$79 per tonne degradation on Monday, August 15, while LME aluminium official...
LME aluminium price shrinks by US$29.5/t to US$2,468.50/t; SHFE price plunges by US$82/t
LME aluminium opened at US$2,522.5 per tonne last Friday and closed at US$2,433 per tonne, down US$84 per tonne or 3.34 per cent. On Friday, August 12, LME aluminium cash bid price closed the week with a slip of US$28 per tonne or 1.12 per cent to settle at US$2,468 per tonne. On the same day, LME...
LME aluminium price moved high to US$2468.5/t despite intermittent declines; SHFE price accumulated US$86/t this week
The LME aluminium benchmark price moved high this week by US$33 per tonne but started the week with a decline and also displayed an intermitted drop. LME aluminium cash bid price and LME aluminium official settlement price decreased by US$12 per tonne on Monday, August 8, to stand at US$2,435 per...
Alba announces 127% jump in net profit for 1H2022 despite flat sales volume, thanks to higher LME prices
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, announced its Q2 and H1 2022 fiscal results on Thursday, August 11, reporting a 97 per cent surge in net profit to BD181.9 million versus BD92.7 million during the corresponding period of the previous year. Gross...
LME benchmark aluminium price records 1.44% spike to US$2498/t; SHFE earns US$11/t
LME aluminium opened at US$2,495.5 per tonne on Thursday and closed at US$2,517 per tonne, an increase of 0.83 per cent. LME aluminium cash bid price stopped at US$2,496 per tonne, with a 1.38 per cent or US$34 per tonne escalation on Thursday, August 11, while LME aluminium official settlement...
LME approves ASI’s Performance Standard V3 as a recognised alignment-assessed standard
Aluminium Stewardship Initiative (ASI) announced on Wednesday, August 10, that the London Metal Exchange (LME) had conditionally accepted ASI's Performance Standard V3 (2022) as a recognised alignment-assessed standard for Track A of its Responsible Sourcing Requirements. ASI's 2022 Performance...
Hindalco MD assures uninterrupted aluminium production in India despite declining global outcome
Hindalco’s Managing Director, Satish Pai, assured reporters by saying Indian aluminium makers are not going to downsize or diminish the usual aluminium production rate any time soon, even though their contemporaries worldwide decide to do so. While addressing the reporters, Satish Pai narrated: “We...
Alro achieves a turnover of RON2.1 billion with 39% increased sales, thanks to higher aluminium product demand
Alro Group, one of the largest vertically integrated aluminium producers in Europe by capacity, has booked a net profit of RON 15.3 million for the first half of 2022 ended June 30, compared to a net loss of RON 47.6 million a year ago. The Group’s turnover has increased to RON 2.1 billion during...
LME aluminium price shrinks by US$25/to US$2,462.50/t; SHFE price went up by US$17/t
LME aluminium opened at US$2,468 per tonne on Wednesday and rose to US$2,500 per tonne following the release of US CPI. LME aluminium closed at US$2,496.5 per tonne, an increase of 0.99 per cent. On Wednesday, August 10, both LME aluminium cash bid price and LME aluminium official settlement price...
Century Aluminum earns a 20% higher net income in Q2 2022 amid energy & raw materials costs rally
Century Aluminum Company, a US-based primary aluminium producer, announced its second quarter 2022 results on Tuesday, August 9, reporting a 14 per cent quarter-on-quarter increase in net sales from $753.6 million to $856.6 million, attributable to higher realised LME prices and regional premiums....
