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Alumina Limited claims ‘Medium Term Outlook’ is best for the aluminium market
22 APR 20222MINS

Alumina Limited claims ‘Medium Term Outlook’ is best for the aluminium market

Alumina Limited which owns a 40% non-operating stake in Alcoa World Alumina Chemicals’, is aiming higher at this moment with the increasing demand for alumina and the rising aluminium prices despite the supply disruption. Russian metal industry giant, Rusal is being trampled under the European...

African aluminium smelters witness increased production in Q1 2022 in comparison with Q1 2021
22 APR 20222MINS

African aluminium smelters witness increased production in Q1 2022 in comparison with Q1 2021

Total aluminium production worldwide for the month of March 2022 has been 5.693 million tonnes with a rise of 10.35 per cent than 5.118 million tonnes in the previous month. African production of aluminium has been on steep upward rise from 123,000 tonnes in February 2022 to 136,000 tonnes in March...

AlCircle launches the 4th edition of e-Magazine - “Aluminium LeaderSpeak 2022”
22 APR 20222MINS

AlCircle launches the 4th edition of e-Magazine - “Aluminium LeaderSpeak 2022”

AlCircle is pleased to announce the launch of the 4 th edition of its flagship e-Magazine, “Aluminium LeaderSpeak 2022.” It is an exclusive e-Magazine in which top industry professionals from the entire aluminium value chain have expressed their predictions for how the year will unfold for their...

Alcoa stocks stumble as aluminium shipments decline, indicating fading demand
21 APR 20222MINS

Alcoa stocks stumble as aluminium shipments decline, indicating fading demand

Sales at Alcoa Corp. fell as a result of protracted supply chain interruptions, sparking concerns that the tie-ups will diminish consumer demand for aluminium. In the first quarter, the Pittsburgh-based aluminium maker reported sales of $3.29 billion, which fell short of the $3.44 billion. Due to a...

Japan’s semi-finished aluminium product export market during 2019-21manifests strong demand; 4% dive estimated for 2022
20 APR 20222MINS

Japan’s semi-finished aluminium product export market during 2019-21manifests strong demand; 4% dive estimated for 2022

The production of primary aluminium in Japan is no more than 0.5% of the total demand of the nation. In Japan only one aluminium smelter is left out to be operational, however, the country’s per-capita consumption of aluminium has grown to around 16 kg. According to the World Bureau of Metal...

Global alumina market may experience disrupting Q2 due to the Ukraine-Russia stand-off
18 APR 20223MINS

Global alumina market may experience disrupting Q2 due to the Ukraine-Russia stand-off

In the second quarter (Q2) of 2022, the global alumina market is envisaged to be in a state of uncertainty, as the after-effects of the Russia-Ukraine conflict and a slew of interconnected variables threaten to shift supply and demand fundamentals. The embargo on alumina and bauxite shipments to...

EGA investing in renewable energy generation to boost aluminium production, eyeing to meet 119.5 Mt of global demand
15 APR 20222MINS

EGA investing in renewable energy generation to boost aluminium production, eyeing to meet 119.5 Mt of global demand

Amid the projection of global aluminium demand growth by almost 40 per cent to 119.5 million tonnes at the end of 2030, Emirates Global Aluminium (EGA), which currently forms the biggest part of Dubal Holding's portfolio, is mulling to expand the midstream and downstream aluminium industry, such as...

US aluminium plates, sheets and bars export in January 2022 shows monthly downfall
14 APR 20222MINS

US aluminium plates, sheets and bars export in January 2022 shows monthly downfall

The export of aluminium plates, sheets and bars from the United States for January 2022 reflects a month-on-month downfall. In January 2022, US exported a total of 33,100 tonnes of aluminium plates, sheets and bars, which on a month-on-month scale dwindled by 7,400 tonnes or 18.27 percent from...

China’s aluminium production drops 1% YoY to 3.315 million tonnes in March attributing to COVID pandemic recurrence
11 APR 20222MINS

China’s aluminium production drops 1% YoY to 3.315 million tonnes in March attributing to COVID pandemic recurrence

According to the data shown by the Shanghai Metals Market, China produced 3.315 million tonnes of aluminium in March 2022, a decrease of 0.92 per cent year-on-year. Also, the daily average output stood 1,000 tonnes per day lower over the year to 106,900 tonnes but edged a hike of 1,700 tonnes per...

Iran’s aluminium ingot production hikes by 20% in 1400, says IMDRO
11 APR 20221MINS

Iran’s aluminium ingot production hikes by 20% in 1400, says IMDRO

Aluminium ingot production in Iran surged by 20 percent throughout the Iranian calendar year 1400, which ended on March 20, says the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). IMIDRO is a large state-owned holding corporation operating in Iran's mining...

LME aluminium price strolls higher at US$3395/t; SHFE moves down to US$3358/t
11 APR 20222MINS

LME aluminium price strolls higher at US$3395/t; SHFE moves down to US$3358/t

LME aluminium opened at US$3,392 per tonne last Friday and closed at US$3,372 per tonne, down US$28 per tonne or 0.82 per cent. Prices of commodities might be on the rise once again as East of Ukraine is still being vacated for this might just be the beginning of the end. LME aluminium cash bid...

LME aluminium price decreases again at US$3346/t, SHFE benchmark price is demoted to US$3434/t
08 APR 20222MINS

LME aluminium price decreases again at US$3346/t, SHFE benchmark price is demoted to US$3434/t

LME aluminium opened at US$3,436 per tonne on Thursday and closed at US$3,400 per tonne, down US$31.5 per tonne or 0.92 per cent. On 7 th April, LME aluminium cash bid price stood at US$3,344 per tonne and LME aluminium official settlement price halted at US$3,346. The former recorded a fall of...

LME aluminium price falls for five days in a row to US$3444/t; SHFE is closed for Qingming Festival, China
05 APR 20222MINS

LME aluminium price falls for five days in a row to US$3444/t; SHFE is closed for Qingming Festival, China

On Monday, 4 th of April, LME aluminium cash bid price stopped at US$3,443.50 per tonne and LME aluminium official settlement price was last recorded at US$3,444 per tonne, with a 1.12 per cent downfall, in comparison with the records of the previous week, both witnessed a decline of US$39 per...

CBA's shareholder Votorantim SA to sell 34 million shares
04 APR 20221MINS

CBA's shareholder Votorantim SA to sell 34 million shares

On Sunday, April 2, Brazilian aluminium manufacturer Companhia Brasileira de Alumínio (CBA) announced that its controlling shareholder, conglomerate Votorantim SA, will sell 34 million shares in the firm in a follow-on offering. Votorantim SA has a 75.9% interest in CBA, says data from Refinitiv...

Hulamin’s operational profit augments Y-o-Y to score at R538 million, thanks to higher sales volume
31 MAR 20222MINS

Hulamin’s operational profit augments Y-o-Y to score at R538 million, thanks to higher sales volume

Hulamin’s operational profit for the year ending December 31, 2021, reflected an increment of 760 percent to close at R538 million from R81 million in 2020. The company's headline earnings increased to R560 million from a loss of R220 million the previous year. The company also said that headline...

LME suffers first fall after five days of steep rise to US$3583/t; SHFE falls by 0.55% to rest at US$3599/t
28 MAR 20222MINS

LME suffers first fall after five days of steep rise to US$3583/t; SHFE falls by 0.55% to rest at US$3599/t

LME aluminium opened at US$3,575 per tonne last Friday and closed at US$3,625 per tonne, an increase of US$55 per tonne or 1.54 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,582 per tonne and LME aluminium official settlement price...

LME aluminium price gallops further to US$3664/t on anticipating production disruption due to natural gas scarcity; SHFE slopes down to US$3619/t
25 MAR 20222MINS

LME aluminium price gallops further to US$3664/t on anticipating production disruption due to natural gas scarcity; SHFE slopes down to US$3619/t

LME aluminium opened at US$3,670per tonne on Thursday, March 24, and closed at US$3,570per tonne, down US$115 per tonne or 3.12 per cent. LME aluminium cash bid price stood at US$3,663 per tonne with a whooping rise of 2.95 per cent or US$105 per tonne and LME aluminium official settlement price...

China’s primary aluminium social inventories decline by 53,000 tonnes on improved buying sentiment
17 MAR 20222MINS

China’s primary aluminium social inventories decline by 53,000 tonnes on improved buying sentiment

Social inventories of primary aluminium in China have decreased after six consecutive weeks of rising, owing to the improved buying sentiment among the downstream market. According to the Shanghai Metals Market, aluminium inventories have dwindled by 53,000 tonnes across eight major Chinese...