The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
Canadian Prime Minister Mark Carney has indicated Ottawa’s readiness to resume Canada-US trade talks and reach a deal with President Donald Trump, as the tariff debate continues to pressure deeply integrated supply chains. Tariff uncertainty could also pressure aluminium trade, costs, aluminium...
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Christian Mabey, Managing Director of Optima Products, has raised concerns over the increasing influx of Russian aluminium into the UK market despite ongoing sanctions, as published in The Manufacturer. According to Mabey, Russian aluminium is finding its way into the UK through third-party vendors...
On Friday, August 16, the 3-month LME aluminium contract price opened at US$2,358.50 per tonne, with a high of US$2,374 per tonne and a low of US$2,338.50 per tonne, closing at US$2,368 per tonne, up US$12 per tonne. LME aluminium cash bid price and LME aluminium official settlement price suffered...
The Indian public-sector integrated aluminium company National Aluminium Company Limited (Nalco) has reported significant progress in its production operations for the current fiscal year, achieving 97 per cent of its production capacity target as of August 16. The company’s GGM(Smelter) and EPO -...
Aluminium is an essential component of the global economy. The rising demand for green metal clearly shows that no matter how many setbacks or blips come across, the market or the need for this green metal will never decrease. The upstream aluminium sector, encompassing bauxite, alumina, and...
According to the National Bureau of Statistics (NBS), China's primary aluminium production in July 2024 hit a more than two-decade high, with producers ramping up operations, particularly in Yunnan. China, the world's biggest aluminium producing country, churned out 3.68 million tonnes of primary...
On Thursday, LME 3M aluminium opened at US$2,325 per tonne, with a high of US$2,370 per tonne, a low of US$2,321.5 per tonne, and closed at US$2,356 per tonne, up US$29 per tonne, an increase of 1.25 per cent. On Thursday, August 15, both LME aluminium cash bid price and LME aluminium official...
The first half of 2024 witnessed significant developments in the Chinese aluminium industry, reflecting a blend of challenges, strategic shifts and growth. As a result, China's economic condition also witnessed significant changes during the H1 2024, owing to reasons like the demand production gap,...
On Tuesday, LME 3M aluminium opened at US$2,306.5 per tonne, hitting a high of US$2,340 per tonne and a low of US$2,290 per tonne, and closed at US$2,326 per tonne, up US$17 per tonne or 0.74 per cent. On Tuesday, August 13, both LME aluminium cash bid price and LME aluminium official settlement...
In its consolidated and separate financial results for H1 2024, ALRO, one of Europe's leading vertically integrated aluminium producers by production capacity, has demonstrated notable improvement in its financial performance. For the six months ending June 30, 2024, the Group reported a turnover...
On Monday, LME aluminium opened at US$2,299 per tonne, with a high of US$2,331.5 per tonne, a low of US$2,297 per tonne, and closed at US$2,309 per tonne, up US$14 per tonne, or 0.61 per cent. Following a surge of US$58.5 per tonne on Friday, August 9, both LME aluminium cash bid price and LME...
India has experienced a drop in imported aluminium scrap prices week-on-week, influenced by stable LME prices. This week, prices for all grades have decreased by up to 1.6 per cent, creating market uncertainty and prompting a cautious stance among participants. Three-month LME aluminium prices...
On Wednesday, August 7, the three-month LME aluminum contract opened at US$2,297.50 per tonne and closed at US$2,273 per tonne, registering a decline of US$28 per tonne or 1.22 per cent. In the intervening period, the price reached a high of US$2,300 per tonne and a low of US$2,247.50 per tonne....
Qatar Aluminium Manufacturing Company Q.P.S.C. (QAMCO), a 50 per cent joint venture partner in Qatar Aluminium Company (Qatalum), reported a net profit of QR237 million for the six-month period ending June 30 th , 2024. The earnings per share (EPS) stood at QR0.042. After a volatile 2023 and early...
The previous trading day, LME aluminium opened at US$2,263.50 per tonne, reached a high of US$2,305 per tonne and a low of US$2,238 per tonne, and closed at US$2,301 per tonne, up US$39 per tonne or 1.72 per cent. The LME aluminium benchmark price registered its first rise of the month on Tuesday,...
The previous trading day, LME aluminium opened at US$2,311 per tonne, reached a high of US$2,327.5 per tonne and a low of US$2,272.5 per tonne, and closed at US$2,273.5 per tonne, down US$41.5 per tonne, a decrease of 1.79 per cent. Following a growth the previous day , both LME aluminium cash bid...
The extended period of weak demand for aluminium has adversely affected both prices and metal deliveries. This trend is evident in European aluminium foil shipments, which totalled 217,800 tonnes in the first three months of 2024. According to the European Aluminium Foil Association, this shipment...
On July 31, the LME aluminium three-month contract opened at US$2,234.50 per tonne, reached a high of US$2,324.50 per tonne and a low of US$2,229.50 per tonne, and closed at US$2,315 per tonne, up US$77 per tonne or 3.44 per cent. After a month-long relentless decline, LME aluminium cash bid price...
India has seen a notable decline in imported aluminium scrap prices w-o-w, attributed to decreased LME aluminium prices. Prices for all grades have fallen by up to 4 per cent this week, leading to market uncertainty and a cautious approach among market participants. Meanwhile, three-month LME...
