We know about the LME aluminium contracts and how they are traded in LME. We have already discussed how AlToolz is offering LME Official Prices for Aluminium (High grade primary aluminium) and Aluminium Alloy (A380.1, 226 or AD12.1 aluminium alloy) Contracts as a part of its premium services. Each of the reference prices published by the London Metal Exchange is derived directly from trading and […]
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AlToolz, offers LME Official Prices for Aluminium (High grade primary aluminium) and Aluminium Alloy (A380.1, 226 or AD12.1 aluminium alloy) Contracts as a part of its premium services. Each of the reference prices published by the London Metal Exchange is derived directly from trading and provides transparent pricing for the global metals market. Below are […]
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China’s colossal growth in aluminium production has changed the market dynamics for aluminium in recent years. The impact of this growth was initially faced by primary smelters in U.S. Slowly; Chinese imports are taking over a large share in the U.S. aluminium foil industry that supplies foil wraps for potato chips, pill packages yogurt, candies etc. […]
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The dwindling state of the primary aluminium market has been a topic of news for quite some time now and the market is still volatile despite some upward trends in the LME price in July& August. From the lowest of $1,525 in mid-May, LME has climbed up to $1,672.00 in mid-July, the strongest since May […]
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Malaysian government imposed a three-month ban on the mining and export of bauxite effective January 15 2016 after a dramatic boom in the mining and export of the mineral to China. A perfect example of an ideal situation going wrong for lack of systematic regulation, Malaysian bauxite ban has put a flourishing industry to a standstill. […]
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Vedanta ltd is trying hard to tackle multiple operational setbacks caused majorly by low metal price, rising debts and raw material scarcity. Vedanta has cut costs by as much as 25% throughout this market turmoil. Mr. Agarwal confirmed that the company will “tighten” capital spending and “do whatever is necessary” by way of innovation to survive this condition profitably. Vedanta is aiming at improving their core skill and technical expertise. However, unless the raw material security is assured in a market situation where metal price is at rock bottom, input costs are high and cheap imports are flooding the market, indigenous aluminium industry cannot grow in India.
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South32 has just completed its first month on the market in the midst of rock bottom commodity prices and share prices descending 17% lower than the week of its debut. BHP Billiton has simplified its portfolio by demerging a group of high quality assets to create this independent global metals and mining company. Shareholders approved the demerger […]
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After much deliberation and delay the Mines and Minerals (Development and Regulation) Act, 1957 has been revised and Rajya Sabha has passed the Mines and Minerals Amendment Bill, 2015. This new Act aims to legalize the system of auction of mines to enhance transparency in mineral allocations in India. Though the passing of this act […]
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Another month passed in the New Year and there is still a good amount of hullabaloo in the market about the aluminium premiums and price of the metal. LME Aluminum benchmark prices rose to $2,114 in 2014 Aug after hitting a four-year low and presently it is hovering between $1,700 and $ 1,800. However, premium […]
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We have come to the end of 2014 and like every year here is again a chance to look back and refresh our memory of the trending news of the year. From the industry point of view, the aluminium industry has experienced some interesting twists and turns and also faced a number of controversies. The […]
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