What does the building and construction market mean for aluminium extrusion industry? The answer may depend less on how much the world builds and more on where it builds and what those buildings require. As construction activity picks up across regions, aluminium extrusion is set to follow - but...
Aluminium prices settled 0.35 per cent higher at INR 345.6 (USD 3.64), backed by declining exchange inventories, expectations of additional fiscal measures in China and concerns over constrained supply from the Middle East. However, improving production prospects in the region limited further...
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Shares of the Indian aluminium manufacturing company, Hindalco Industries Limited, rose by around 2 per cent in the Indian stock market, reflecting improved investor confidence in the company’s growth outlook. The development follows a positive update shared by Hindalco on March 16, whereby the...
On March 15, Sunday, Hindalco, the Indian aluminium manufacturing company and a subsidiary of the Aditya Birla Group, refused to the notice of its aluminium extruded production halt, which was surfaced on the same day. Before this revelation by the Indian aluminium firm, a notice was seen by...
Aluminium Bahrain BSC (Alba), the world’s largest aluminium smelter operating on a single site, has initiated a controlled and safe shutdown of Reduction Lines 1, 2 and 3. These lines account for approximately 19 per cent of Alba’s total annual production capacity of 1.62 million tonnes. The...
Macro perspective: The Middle East turmoil triggered by a joint US-Israeli military strike on Iran became the biggest geopolitical black swan for the global primary aluminium market, potentially causing supply disruptions on the scale of millions of metric tons while also pushing up smelting costs....
The Middle East tensions continue to drive the London Metal Exchange (LME) aluminium prices. March 12 witnessed the LME aluminium cash price soar and surpass the USD 3,500 mark. Similarly, 3-month contracts reported gains, while exchange inventories continued to slide. The LME aluminium cash bid...
Norsk Hydro has confirmed that aluminium production at the integrated aluminium complex Qatalum, Hydro’s joint venture with Qatar Aluminum Manufacturing Company QPSC (QAMCO), will continue at around 60 per cent capacity. The announcement followed the initial announcement of a controlled shutdown of...
On March 9, for example, the average price for domestically-generated #6063 aluminium scrap in South China's Guangdong province had jumped by 5.9 Per Cent from the end of February to reach RMB 19,750 per tonne (USD 2,872 per tonne), the highest since January 2023, according to Mysteel's assessment....
US President Donald Trump has thanked India and Reliance Industries Limited for supporting a landmark investment to build the first new oil refinery in the United States in almost five decades. Posting about it via an update on Truth Social, Trump announced that the oil refinery is part of a USD...
Rio Tinto increased its aluminium premium offer to Japanese buyers to USD 350 per tonne for primary aluminium shipments for April to June (second quarter of the calendar year). This is 79 per cent higher than the current quarter. The increase reflects concerns about the conflict in the Middle East,...
Owing to the rising geopolitical tension, leading to the temporary closure of the Strait of Hormuz, halting Middle East shipments, tightening supplies in Europe and the US, Mercuria, a commodity trader, is planning to pull out a large volume of aluminium from the London Metal Exchange (LME)...
The ongoing Middle East conflict has led to 40 per cent of London Metal Exchange (LME) aluminium inventories being cancelled or marked for delivery. Several industry sources stated that the cancellations are linked to supply disruptions caused by the closure of the Strait of Hormuz. Explore- Most...
The Middle East conflict involving the US-Israel and Iran is to disrupt global trade flows and hamper India’s energy security and supply chains, according to the government body of Associated Chambers of Commerce and Industry of India (ASSOCHAM). Closure of the maritime corridor of the Strait of...
Aluminium supply chain crisis due to the geo-political conflict in the Middle East has turned Japanese auto-parts manufacturers to Russia's Rusal. Reports from various sources suggest that Japanese auto-parts manufacturers are even in talks with Rusal for over a week now to secure primary foundry...
India's imported aluminium scrap prices recorded a sharp week-over-week rise as of 10 March 2026, supported by gains in prices on the London Metal Exchange and ongoing geopolitical tensions, while domestic Tense scrap prices also remained firm amid tight local supply conditions. As per BigMint's...
The London Metal Exchange (LME) continues to record the escalation of aluminium prices owing to the ongoing geopolitical tensions between US-Israel and Iran. The temporary closure of the global trade passage, viz., the Strait of Hormuz, has brought about massive trade disruption in the global...
By the close of Friday's daytime trading session, the most-traded May nickel futures contract had fallen by 3.1 per cent from a week earlier to RMB 137,140 per tonne (USD 19,883 per tonne), the most-traded April copper contract declined by 2.8 per cent on the week to RMB 101,050 per tonne. In...
On Sunday, global oil markets witnessed a sharp spike as crude oil prices crossed the USD 100 per barrel mark for the first time in over 3.5 years, triggered by supply disruptions stemming from the ongoing Israel-Iran conflict and rising unrest across the Middle East, especially surrounding the...
Futures: Last Friday, the most-traded SHFE aluminium contract closed at RMB 25,180 per tonne, surging 2.55 per cent. The price strongly broke above all moving-average systems, with MA5 (24,682), MA10 (24,302.5), and MA20 (23,935.5) forming a standard bullish alignment, confirming a clear...
