Summary: Aluminium prices on the London Metal Exchange (LME) jumped 6% this morning, reaching levels not seen since early 2022. The surge is a direct response to Iranian drone and missile strikes on two of the world’s largest production sites: Emirates Global Aluminium (EGA) in Abu Dhabi and Aluminium Bahrain (Alba). These facilities account for […]
Summary: Hammerer Aluminium Industries (HAI) has acquired a strategic stake in Aluminij Industries. This partnership is aimed at securing supply chains and advancing sustainable aluminium production in Europe. For extrusion manufacturers, this signals a further consolidation of green-focused casting and extrusion capabilities within the European market. Article Link : Light Metal Age – HAI Strategic […]
Summary: Social inventory of aluminium billets in major consumption hubs has entered a phase of “rapid destocking,” dropping by nearly 30,000 tonnes in a single week. The trend is driven by extrusion plants restocking after a sharp drop in primary aluminium prices and the return of peak-season consumption. Despite the price dip, regional processing fees […]
Summary: The Aluminium Extrusion Manufacturers Association of India (ALEMA) has issued an urgent plea for government intervention. Escalating conflict in West Asia has triggered a severe shortage of Liquefied Petroleum Gas (LPG) and Piped Natural Gas (PNG)—both critical for melting and ageing processes. Many extrusion units have reported production cuts ranging from 30% to 70%, […]
Summary: The Aluminium Extrusions Manufacturers Association (ALEMA) has issued an urgent plea for policy support. Due to the ongoing West Asia crisis, supplies of LPG and PNG—critical for extrusion melting and aging furnaces—have become erratic. Some units report production cuts between 30% and 70%. The industry is calling for interest rate cuts and loan moratoriums […]
Summary: Aluminium prices on the London Metal Exchange (LME) saw a sharp upward trajectory yesterday, with cash settlement prices closing at $3,332 per tonne. This surge is fueled by a steady decline in exchange inventories, which dropped to roughly 423,075 tonnes. For extruders, this represents a significant increase in input costs compared to last month’s […]
Summary: A landmark 10-year agreement has been finalized to secure the future of Rio Tinto’s Boyne smelter. The investment aims to transition the facility to renewable energy (solar and wind) through massive power purchase agreements, ensuring it remains globally competitive. This move secures a vital link in the integrated aluminium value chain from bauxite to […]
Summary: The Aluminium Extrusion Manufacturers Association (ALEMA) has issued an urgent call for government intervention as the West Asia crisis disrupts LPG and PNG supplies—critical fuels for the extrusion melting and ageing processes. Many units report production cuts of 30–70%. The industry is seeking interest rate cuts and loan moratoriums to prevent financial defaults during […]
Summary: The escalation of conflict in the Middle East has pushed London Metal Exchange (LME) aluminium prices past $3,400 per metric tonne. Analysts warn that a month-long disruption to the Strait of Hormuz could result in a global deficit of up to 2.29 million tonnes. Major Gulf producers, accounting for 9% of global output, are […]
Summary: While global prices remain elevated, Indian futures on the MCX saw a slight correction today. Aluminium for April delivery fell to approximately ₹328.65 per kg as local participants trimmed positions following recent highs. However, the technical trend remains bullish due to tightening global inventories. Article Link : https://economictimes.indiatimes.com