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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In August 2023, the global aluminium industry experienced some significant developments. Despite minor fluctuations, the LME aluminium price decreased slightly, while the SHFE price exhibited growth. Anticipations for the year's second half indicate an upswing in aluminium demand, with both...
The shipping of rolled aluminium goods in July decreased by 5.1 per cent year on year, totalling 145,429 tonnes, according to statistics from the Japan Aluminium Association's "Overview of Production and Shipments of Rolled Aluminium Products." Concurrently, output fell 5.6 per cent Y-o-Y,...
The primary sector of the aluminium industry is witnessing many new and significant events. To begin with, Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the largest industrial firm in the UAE, recorded a competitive financial performance in H1 2023. Despite...
According to the data from the "Overview of Production and Shipments of Rolled Aluminium Products" provided by the Japan Aluminium Association, the shipment of rolled aluminium products in July witnessed a year-on-year decline of 5.1 per cent, totalling 145,429 tonnes. Concurrently, production also...
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the biggest industrial company in the United Arab Emirates reports competitive financial performance for the aluminium sector in H1 2023. Despite market conditions moderating, EGA's adjusted EBITDA was AED 4.2...
In July 2023, primary aluminium production in Africa stood at 134,000 tonnes after experiencing an increase of 3,000 tonnes or 2.29 per cent month-on-month, found the International Aluminium Institute data. However, the output in June, which was at 131,000 tonnes, recorded a plunge of 3.68 per cent...
In July 2023, China's primary aluminium exports reached 22,700 tonnes, climbing 200 per cent year-on-year. But the country's total exports in the year's first seven months reflected a fall of 56 per cent to 80,300 tonnes. China's pre-baked anode exports dipped by 0.42 per cent M-o-M and dwindled by...
Zacks Investment Research has reportedly lowered its estimates for Century Aluminium’s Q3 2023 earnings per share (EPS) in a research report issued to clients and investors. According to M. Agarwal, a research analyst at Zacks, projects that Century will post earnings of $0.09 per share for the...
The downstream aluminium sector witnessed various events in the week started from August 21, 2023. The global aluminium foil market is expected to grow from $26.3B in 2022 to $42.3B in 2032 due to its effective packaging properties. The US witnessed a continuous rise in aluminium imports, reaching...
SkyQuest forecasts that the European food can market will be worth $28.08 billion by 2030, with a CAGR of 4.4 per cent from 2023 to 2030. Aluminium food cans are expected to dominate the European food can industry, with a CAGR of 2 per cent in the future. Because of its lightweight nature and...
According to a recent report, Citigroup Inc., an American multinational investment bank and financial services corporation, has bought about $160 million worth of Russian aluminium, produced at Rusal, from the London Metal Exchange. Russian-origin stocks in LME-registered warehouses have been...
Amid shifting market dynamics and a tempered macro outlook this year, Dongxing Aluminium has harnessed the power of proactive tactics. With its "three grasps and three promotions" strategy as a cornerstone, the company has focused on maximizing gains while minimizing costs. This dual-pronged...
Goyal Aluminiums Ltd, a metal trading services company, has recently reported its quarterly results for the period ending on June 30, 2023. The company has performed exceptionally well in Q1 FY24, with impressive growth in key financial indicators compared to the previous quarter. The net sales for...
The Russian aluminium giant and global leader in low-carbon aluminium production, Rusal, recently unveiled its interim results for H1 2023. Amid a complex economic backdrop, the company's performance, market insights, and strategic direction come to the forefront. Rusal operates through four...
According to the Shanghai Metals Market data, China’s primary aluminium imports reached 89,400 tonnes in June 2023, registering an increase of 20.7 per cent month-on-month and a surge of 213.6 per cent over a year. The primary aluminium exports in June totalled 32,900 tonnes - 187 per cent more...
The Indian imported aluminium scrap market encountered significant challenges this week, with scrap prices experiencing a sharp decline of up to 5.8 per cent week-on-week. This reduction was primarily attributed to a scarcity of favourable offers aligning with lower futures, resulting in decreased...
Growing efforts towards achieving sustainability, a circular economy, and plastic waste reduction in the packaging sector have led to significant growth in the aluminium cans market in the recent past. Besides, the ability to preserve the quality and flavour of contents has boosted the popularity...
The Indian market for imported aluminium scrap saw varying trends this week. According to SteelMint's assessment, scrap prices diverged by approximately US$40-45 per tonne w-o-w. Adequate offers aligned with strengthening futures and buying inquiries resulted in moderate transactions in specific...
