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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LME aluminum opened at US$$2,250 per tonne on Tuesday, March 12, with high and low at US$2,270 per tonne and US$2,242.50 per tonne, respectively, before closing at US$2,263 per tonne, up US$11 per tonne or 0.49 per cent. On Tuesday, March 12, LME aluminium cash bid price and LME aluminium official...
LME aluminium opened at US$2,236 per tonne yesterday, with its high and low at US$2,260.5 per tonne and US$2,231.5 per tonne respectively before closing at US$2,252 per tonne, up by US$16 per tonne or 0.72 per cent. On Monday, March 11, both LME aluminium cash bid price and LME aluminium official...
The future of B2B is on online marketplaces. Now, I know what you are thinking, the world started digital long years ago, but the reality is B2B suppliers have been hesitant to get onboard on these online marketplaces. Understandably so, they think there is a need for an investment and a...
In 2024, the market outlook for primary aluminium is forecasted to be mixed, with both upside and downside. The persistent global economic uncertainty is poised to exert a sustained influence on the outlook of the aluminium industry. As per AL Circle's report, "Global Aluminium Industry Outlook...
As forecasted by several research-based organisations prior to the onset of 2024, the projections regarding the demand and pricing of aluminium align with reality. Despite the passage of the first two months of the year, indications of improvement remain minimal. According to the latest...
In February 2024, Japan's factory activity experienced its most rapid decline over three years due to diminishing demand. The preliminary Japan Manufacturing Purchasing Managers' Index (PMI) from au Jibun Bank dropped to 47.2, down from January's 48.0, signalling ongoing contraction in private...
Amidst a tumultuous turn of events, the price of aluminium has witnessed a surge propelled by speculations of imminent US sanctions against Russia, with the metal industry likely to be a focal point. However, the price gained momentum and dropped again later in the week. The ambiguity surrounding...
On February 21, 2024, Century Aluminum Company announced its fourth quarter and full-year results for 2023, revealing net sales of $512.3 million in Q4 2023 and $2,185.4 million in the entire year. Both in Q4 and full-year, Century's net sales experienced a downfall of 6.03 per cent (sequentially)...
Terrorist group attacks on commercial vessels navigating through the Red Sea have prompted some shipowners to opt for the longer and costlier route via Southern Africa instead of the Suez Canal and the Red Sea. The recent intensification of these attacks has heightened concerns, with tensions...
In 2023, domestic primary aluminium prices continued to surge, driven by a trend of robust internal demand contrasted with relatively weaker external markets. This dynamic opened a window for increased imports of primary aluminium, resulting in a significant uptick in annual import volumes....
On Monday, February 19, the National Bank of Oman (NBO) agreed to provide a working capital facility worth US$50 million to Sohar Aluminium Co. LLC for its operational requirements. The news came after Abdullah Al Hinai, Chief Executive Officer at the National Bank of Oman, and Engr Said Mohamed Al...
The global market for can coatings is projected to experience a steady growth rate of 5 per cent CAGR from 2023 to 2035, with anticipated revenue reaching $4 billion by the end of 2035, compared to $3 billion in 2022. This growth is primarily attributed to the expanding food and beverages industry,...
Against the backdrop of soaring energy costs, shortages in skilled labour, and other challenges, Aluminium Deutschland cautiously expresses optimism regarding the industry's trajectory in 2024. Deliveries of tubes and aerosol cans to Germany saw respective increases of 4 per cent and 0.5 per cent...
The United States aluminium crude metals and alloys imports in November 2023 stood at 277,000 tonnes, reflecting a fall of 11.50 per cent month-on-month from 313,000 tonnes, found the US Geological survey. In the second half of the year, November marked the second month when the US aluminium crude...
In the inaugural month of 2024, aluminium prices exhibited a relatively flat trend across both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). This observed trend aligns with predictions made by industry experts and is corroborated by AL Circle's latest industry-focused...
In a noteworthy achievement, Pakistan Aluminium Beverage Cans Limited (PSX: PABC) has successfully exceeded its previous production capacity, reaching an impressive 1,200 million cans per annum. This major news came just after the completion of PABC's expansion/equalisation project, reflecting the...
At this moment, the prevailing buzzword around the European terrain is CBAM, and after raising quite a few eyebrows, it seems to be taking shape. Apart from that, EU nations are not immune to the consequences of shifting to green energy all at once. The current economic slowdown in Germany has...
According to China customs data, China’s aluminium wheels exports amounted to 72,600 tonnes in December 2023, reflecting a month-on-month fall of 6 per cent but a year-on-year hike of 9 per cent. The total export volume through the year, thus, stood at 934,000 tonnes, up by 58,500 tonnes from the...
