Category: Daily News · By Admin

• • New aluminium recycling plant in Brazil – Alugreen to invest R$ 45 million (USD 8.5 M) in a new aluminium recycling facility in Linhares, Espírito Santo, boosting jobs and local economy.
    👉 Source: AlCircle

• • Global aluminium surplus ending – Citi warns China’s production cap (45 Mt/year) and low LME inventories (~700,000 t) may push the market into deficit, with prices possibly above $3,000/t.
    👉 Source: Reuters

• • Mercuria to withdraw 100,000 t from LME warehouses – Large removal planned despite backwardation, signaling tight supply.
    👉 Source: Reuters

• • Aluminium prices extend rally – LME benchmark hits $2,694/t mid-September, longest winning streak in a year, supported by demand, tariffs, and supply restrictions.
    👉 Source: DiscoveryAlert

• • MCX aluminium at 6-month high – Prices near ₹260/kg; analysts suggest buy-on-dips with short-term upside of 4%.
    👉 Source: Economic Times

• • India slashes GST on renewables to 5% – Solar costs to fall, increasing aluminium demand in renewable infrastructure. Effective 22 Sept.
    👉 Source: AlCircle

• • 30,000 mt alumina sold from India at $336/mt FOB – December shipment reinforces India’s global supply role.
    👉 Source: SMM

• • ALUEXPO 2025 opens in Istanbul – The 9th International Aluminium Trade Fair runs 18–20 Sept, with 400+ exhibitors showcasing Eurasian aluminium innovations.
    👉 Source: Aluminium Journal

Market Snapshot:

• • MCX Aluminium: ₹259.8/kg (+0.12%)

• • LME Aluminium: $2,694/t (up 17% since April)

• • LME Stocks: ~700,000 t