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Ghana signs €300 million deal with Danieli to strengthen aluminium value chain
29 Jun 20262MINS
Downstream
Ghana has moved a step forward to boost its aluminium industry after the signing of a Memorandum of Understanding (MoU) between the Ghana Integrated Aluminium Development Corporation (GIADEC) and Italian engineering company Danieli & C. Officine Meccaniche S.p. A. for developing downstream aluminium processing infrastructure in the country. The deal sees Danieli invest around €300 million in an aluminium sheet and foil rolling facility at the proposed Tema Integrated Industrial Park. The plan ...
Vitol ships aluminium cargo through Strait of Hormuz as regional trade begins to recover
29 Jun 20262MINS
Downstream
Global commodities trader Vitol has successfully moved a stranded aluminium cargo through the Strait of Hormuz, marking one of the first signs that aluminium exports from the Gulf region are beginning to normalise following disruptions caused by the recent Iran conflict. The Lowlands Corso bulk carrier departed the Strait of Hormuz on Friday carrying around 35,000 tonnes of aluminium produced by Emirates Global Aluminium (EGA). The cargo, valued at approximately USD 110 million at current spo ...

29 Jun 20262MINS
Primary AL
The LME aluminium price graph of June 26 reported gains after remaining on a declining graph in the previous three sessions. As cash, contracts and three-month Asian benchmark prices improved, warehouse stocks continued to decline. The LME aluminium cash bid and offer prices gained 1.02 per cent day-on-day. The bid rose to USD 3,162 per tonne from USD 3,130 per tonne. The offer improved to USD 3,164 per tonne from USD 3,132 per tonne.   Explore the relevance of red mud in the sustainable al ...
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