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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Hind Aluminium Industries Limited announced its second quarter financial results ended September 30, 2023, whereby it posted a plunge of 65.96 per cent in net sales year-on-year from INR 1.41 crore to INR 0.48 crore. However, on a quarter-on-quarter calculation, the net sales in Q2 registered an...
LME aluminum opened at US$2,222.50 per tonne on Monday, with its low and high at US$2,203 per tonne and $2,235 per tonne, respectively, before closing at US$2,230 per tonne, up US$9 per tonne or 0.41 per cent. On Monday, November 13, the LME aluminium cash bid price and LME aluminium official...
Francois Racine has been the chief executive officer of AluQuébec, Québec’s aluminium cluster, since February 2021. He manages the organisation’s operations and ensures the cluster’s outreach throughout Québec’s aluminium ecosystem. Previously, from 2012 to 2020, Mr. Racine was president and...
Emrah Fahri Ozdogru is co-owner and General Manager of TRI METALURJI. He is a metallurgist, and in 2009, he earned his PhD degree. He has 25 years of experience in the aluminium industry as a variety of Researchers in the Research Institute, Engineer and then as Manager at Casthouse and Extrusion...
Three-month LME aluminum opened at US$2,178 per tonne last evening and closed at US$2,206 per tonne, a rise of US$30 per tonne or 1.38 per cent. On Tuesday, October 24, LME aluminium cash bid price and LME aluminium official settlement price grew by US$2 per tonne, following a fall of US$7.5 per...
LME aluminum opened at US$2,188 per tonne last Friday, with its low and high at US$2,169 per tonne and US$2,190.50 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Friday, October 22, LME aluminium cash bid price and LME aluminium...
Aluminium inventories at three major Japanese ports, Yokohama, Nagoya, and Osaka, as reported by Marubeni Corp on October 16, 2023, decreased by 3.4 per cent to 348,300 tonnes by the end of September, down from 360,700 tonnes in the previous month. A table indicates the aluminium inventories...
Squarepoint Capital LLP, a hedge fund, has recently acquired primarily Russian aluminium from the London Metal Exchange (LME), totalling over $100 million in value. The metal is currently stored in South Korean warehouses, and Squarepoint Capital has expressed its intention to take delivery of...
The downstream aluminium market saw an eventful week from October 9 to 13, with Vietnam initiating its first anti-dumping sunset review on Chinese aluminium profiles, Novelis Europe ruling out Russian aluminium from the metal supply tender, Airbus renewing its supplying contract with AMAG, and so...
India's imported aluminium scrap prices have shown mixed sentiments in line with movements in futures exchanges, which had w-o-w divergences but primarily exhibited a negative trend. The current state of the aluminium market is characterised by a diverse environment driven by various significant...
In 2021, the total primary aluminium produced in Western and Central Europe registered 3.329 million tonnes, while in 2022, it was 2.913 million tonnes, down 416,000 tonnes or 12.49 per cent Year-on-Year. Western and Central Europe amounted to 4.22 per cent of the total world aluminium production...
The aluminium industry in India is currently experiencing a 2 to 3 per cent decline in its profits, primarily attributed to the delay in releasing the Remission of Duties or Taxes on Export Product (RODTEP) rates for special economic zones (SEZs) and export-oriented units (EOUs). In the fiscal year...
In the Indian imported aluminium scrap market, minor fluctuations were observed in line with movements in the futures exchanges, which displayed a week-on-week divergence but generally showed an upward trend. Sources within the industry have disclosed that the availability of raw materials in...
According to the statistics provided by Baichuan Yingfu, in August 2023, the electrolytic aluminium industry witnessed a capacity expansion of 47.2490 million tonnes, with a construction capacity of 42.799 million tonnes. The operating rate during this period was recorded at 90.58 per cent. China's...
According to Chinese customs data released on September 18, 2023, the country experienced a significant increase of 38.9 per cent in aluminium imports in August compared to the same period the previous year. This surge can be attributed to increased purchasing due to low domestic aluminium stocks...
European industrial aluminium clients are now experiencing a delay in supplying smelters with the required quantities for new contracts in 2024. This delay is mainly caused by concerns that they may exceed their purchase requirements, as the area's demand for finished metal goods has decreased...
The aluminium beverage can have significantly increased in popularity over the last decade, emerging as a prominent characteristic within the beverage industry. While supporters of aluminium point to attributes like sustainability and portability as driving reasons, the can has paired itself well...
LME aluminium opened at US$2,193 per tonne on Thursday, with its high and low at US$2,199 per tonne and US$2,176.5 per tonne, respectively, before closing at US$2,196.5 per tonne. London Metal Exchange's live price graph displayed that the 3-month official price has descended by US$10 per tonne or...
