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Vedanta Aluminium veteran Rajiv Kumar joins Jindal Steel as COO
04 Aug 20262MINS
SupplementAL
Vedanta Aluminium veteran Rajiv Kumar has been appointed Chief Operating Officer (COO) of Jindal Steel after completing a successful stint as Chief Executive Officer of Vedanta Aluminium. Kumar, who brings more than three decades of experience in the metals and mining industry, will now oversee the company’s manufacturing and mining operations. In Vedanta Aluminium, Kumar served as Chief Executive Officer and played a key role in driving production capacity expansion, improving operational ef ...
LME aluminium price crosses $3,200/t mark; cash gains 2%, stocks drop to 264,400t
04 Aug 20262MINS
Primary AL
The first trading session of August opened with the London Metal Exchange (LME) aluminium price graph exceeding the USD 3,200-per-tonne mark across both pricing and contract segments. Meanwhile, similar to the previous trading session, stocks continued to dip, indicating steady withdrawal from the aluminium inventory. The LME aluminium cash bid and offer prices jumped 2 per cent day-on-day on August 3. The bid rose USD 3,195 per tonne to USD 3,259 per tonne, and the offer shifted from USD 3,1 ...

04 Aug 20268MINS
Primary AL
Futures: The most-traded SHFE aluminium 2609 contract closed at RMB 23,730 per tonne, up RMB 145 or 0.61 per cent from the previous day’s settlement price. It opened at RMB 23,620 per tonne during the day and fluctuated in a range of RMB 23,535–23,755 per tonne. The price traded above MA5 (23,616.00), MA10 (23,425.50), and MA30 (23,147.67), but below the MA60 (23,772.92) moving average. The medium and long-term moving averages maintained a bearish alignment and continued to exert downward pre ...
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