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Aluminium: rising billet stocks in China
Domestic aluminium billet inventories stood at 165,600 tonnes as of 7 April, up 8,100 tonnes or 5.12% from a week ago. Regional stock changes were as follows: Nanchang (+3,900 tonnes or 57.91%); Changzhou (-4,700 tonnes or 21.17%); Wuxi (-600 tonnes or...
Aluminium: Vedanta cuts prices for the second time in the new fiscal year
Vedanta limited has cut its prices of aluminium ingots and products for the second time in a row in the new financial year 2022-23. With effect from April 5, the company has cut the selling price of aluminium ingots by INR 4,250 (€51) per tonne or 1.4% to INR...
Coal: US prices exceed $100 tonne for the first time since 2008
Coal prices in the US have surpassed $100 a tonne for the first time in 13 years, as Russia's war in Ukraine disrupts international energy markets and an economic rebound from the pandemic drives up demand for fossil fuels. Central Appalachia coal prices rose 9% to...
Aluminium: Alcoa’s Intalco Works smelter gets a boost after price hike
In April 2020, Alcoa announced the suspension of its Ferndale smelter in Washington, following falling demand and lower metal prices. However, war sanctions against Russia, which drove the price of aluminium to a record high, boosted the campaign to reopen Alcoa's...