aluminium-sector
FinanceEU Considers Tighter Steel Import Curbs Over Trump's New Tariffs
HeadlinesEU Envoys Agree Ban on Russian Aluminium Imports in New Sanctions Package
HeadlinesCanada Expected to Divert Aluminium to Europe After US Tariffs
HeadlinesEU Proposes Bans on Aluminium, Video Game Consoles in New Russia Sanctions
Inside China’s Bid to Build Sway Over Global Metals Pricing
Date: October 14, 2024
By Pratima Desai and Siyi Liu LONDON/SINGAPORE (Reuters) – China is locking in steps to shape the pricing of the vast quantities of industrial metals it produces and consumes, with moves to attract foreign firms to trade on Shanghai’s futures exchange, which would eventually fragment global markets. After buying mining assets around the world...
Lme Monitors Tightness in Aluminium Market After Spike in Spread
Date: October 2, 2024
By Eric Onstad LONDON (Reuters) – The London Metal Exchange (LME) is tracking tightness in the aluminium market, which has seen a key spread shoot to a sizeable premium and one party amass a large long or bullish position in the October contract. The LME is closely monitoring the tightness in the aluminium market and...
Aluminium Giant Rusal’s First-Half Profit Jumps 42% on Strong Prices, Deliveries
Date: August 29, 2024
(Reuters) -Russian aluminium giant Rusal reported a 41.6% rise in its first-half adjusted net profit on Thursday, as it managed to increase production of aluminium, alumina and other products, with shipments to China touching record levels. Rusal, which operates in Guinea, Jamaica, Ireland and Sweden apart from Russia, has been under pressure from the...
Porsche Cuts Forecasts Due to Alloy Shortage, Shares Fall
Date: July 23, 2024
By Victoria Waldersee (Reuters) -Porsche AG cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply shortage, sending the German company’s shares down 4% to the bottom of Frankfurt’s blue-chip index. Flooding at an unspecified European contractor has hurt supply of aluminium alloy, the luxury sports car maker said, affecting...
China’s Push for Greener Aluminium Hit by Erratic Rains, Power Cuts
Date: May 10, 2024
China’s push for greener aluminium hit by erratic rains, power cuts BEIJING (Reuters) – Erratic rainfall in China’s southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates, emits more carbon dioxide than Australia. Lured by official promises of cheap hydropower, China...
Lme CEO Aims to Have First Contracts With Shanghai Futures Exchange in 2024
Date: January 18, 2024
LME CEO aims to have first contracts with Shanghai futures exchange in 2024 By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – The London Metal Exchange (LME) aims to have pilot contracts using prices from the Shanghai Futures Exchange (ShFE) this year, its chief executive told Reuters on the sidelines of the World Economic...