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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Tushar Kamat, the Chief Business officer (CBO) at Bizongo, comes with more than 25 years of experience in sales leadership, scaling business growth, and enabling business transformation by developing go-to-market strategies for generating revenue. Kamat has had affiliations with notable companies...
LME aluminium opened at US$2,633.50 per tonne, reached a high of US$2,673 per tonne and a low of US$2,628.50 per tonne, and closed at US$2,647.50 per tonne, up US$12.50 per tonne or 0.47 per cent. On Friday, June 7, LME aluminium cash bid and LME aluminium official settlement price decreased by...
On June 5, 2024, Novelis announced that it deferred the initial public offering due to market conditions for an indefinite time. It said the company would evaluate the situation and decide on a suitable time for rolling out the offering. According to a report last week, Novelis was targeting to...
The previous trading day, LME aluminium opened at US$2,662 per tonne, reached a high of US$2,686.5 per tonne and a low of US$2,635 per tonne, and closed at US$2,662 per tonne, down US$2 per tonne, a decrease of 0.08 per cent. On Tuesday, June 4, both LME aluminium cash bid price and LME aluminium...
China's prebaked anode exports in April 2024 amounted to 166,800 tonnes, indicating a month-on-month downfall of 13.45 per cent and a year-on-year dip of 1.07 per cent, showed China customs data. The estimated export unit price of the material was approximately $673.5 per tonne, which was up by...
The three-month LME aluminium opened at US$2,787.50 per tonne and reached a high of US$2,799 per tonne and a low of US$2,683 per tonne before closing at US$2,705 per tonne, down US$89 per tonne or 3.19 per cent. On Thursday, May 30, the LME aluminium cash bid price and LME aluminium official...
Hindalco Industries has reported impressive performance metrics for the January to March 2024 quarter, showcasing strong margins and volumes across its aluminium and copper business segments. The company's aluminium upstream earnings before interest, taxes, depreciation, and amortisation (EBITDA)...
In April 2024, India's imports of aluminium scrap continued their upward trajectory, growing by 5 per cent from the previous month, according to provisional data from BigMint. This followed a notable 18 per cent surge in March. However, compared to last year's corresponding period, import volumes...
Indian primary aluminium manufacturers’ operating margin is likely to grow by over 25 per cent in this ongoing financial year due to robust demand and potentially lesser production costs driven by cheaper energy and alumina. The primary aluminium industry is capital-intensive and marked by volatile...
Saudi Arabia's prominent aluminium producer, Al Taiseer Group's Talco Industrial Company (Talco), is poised to take a significant step by listing a 30% stake, equivalent to 12 million shares, on the Tadawul stock exchange. This strategic move underlines Talco's growth ambitions and its pivotal role...
LME aluminium opened at US$2,596 per tonne in the previous trading day, with its low and high at US$2,563 per tonne and US$2,627 per tonne respectively before closing at US$2,588 per tonne, down 0.46 per cent. As per the London Metal Exchange market , on Thursday, May 16, the LME aluminium cash bid...
Elliott Management Corp.'s move to acquire a significant stake in Sumitomo Corp., a favoured Japanese trading house of Warren Buffett, signals potential shifts in the market. With Elliott's reputation for activist investing, this development could lead to interesting changes within Sumitomo's...
The aluminium foil industry stands as a silent powerhouse, an unsung hero of modern living that quietly shapes various sectors worldwide. As per the report by Persistence Market Research, aluminium foil, a marvel of material science, has transcended its humble origins as a kitchen staple to become...
On Thursday, May 2, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$45 per tonne or 1.76 per cent and US$44.5 per tonne or 1.74 per cent to settle at US$2,509 per tonne and US$2,510 per tonne. As per the LME data, both 3-month bid price and 3-month...
The latest data on China's aluminum imports and exports suggest that the Country is becoming a conduit for the metal. China's imports of metal in Q1 were up by over 200 per cent compared to Q1 2023. With the open arbitrage window, bringing metal to China became quite profitable. AZ Global...
Sanjeev Sanyal, a member of India's Economic Advisory Council to the Prime Minister (EAC-PM), emphasised that while stagflation in the US isn't inevitable, it's a prospect India must carefully weigh. Stagflation characterises an economic state marked by a trifecta of high or increasing inflation,...
On April 24-26, 2024, Inga Simonenko, Market Intelligence and Commercial Sustainability Director of Rusal Marketing GmbH was invited to speak at the 19th SMM Metal Industry Annual Conference in Chongqing, China, and share her insights on the current state of the aluminium market. In her speech,...
European aluminium foil demand experienced a slower trend through 2023 than in 2022, resulting in a double-digit fall in the year's final quarter, according to the figures just released by the European Aluminium Foil Association (EAFA). The entire 2023 reflected a unique circumstance of high stock...
