November 17, 2024

Aluminum price to average 6% higher in 2024, says Fitch Group’s BMI

Analysts also raised its 2024 aluminum price forecast from $2,400/tonne to $2,450/tonne to reflect these expectations.

November 15, 2024

Aluminum price soars as China cancels tax incentive on exports

The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products.

November 12, 2024

China should use more aluminum and recycled copper, industry says

China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources.

November 11, 2024

Hindalco beats Q2 profit view on higher aluminum prices

The benchmark aluminum and copper prices on the LME rose 20% and 24%, respectively, from the second quarter of last year.

November 8, 2024

World’s top energy trader Vitol eyes metals as oil demand set to peak

CEO Hardy points to iron ore, copper, and aluminum as potential markets.

November 8, 2024

Vedanta tops Q2 profit view on higher metals prices

Vedanta benefitted from higher prices of aluminum, zinc and copper, its biggest businesses.

November 7, 2024

Alcoa suspends bauxite shipments from Brazil’s Juruti mine due to port issue

The company halted bauxite shipments from Brazil's Juruti port due to a stranded vessel in the waterway.

November 1, 2024

Rusal raises bar in Nornickel dispute with fresh claims against Potanin

Rusal is suing Nornickel's CEO, claiming he violated a shareholder agreement signed in December 2012.

October 31, 2024

UBS expects copper price to average $10,500 in 2025

Demand from the new energy vehicles, solar, wind and China's grid investment remains resilient; and copper is also benefiting from high-growth industries such as the data centres for AI and…

October 30, 2024

Column: Australia should lead the energy transition, but is it missing the boat?

The mood was a bit downbeat this week at the International Mining and Resources Conference in Sydney.