Base metals prices on the London Metal Exchange (LME) showed positive trends except zinc. Aluminium witnessed the largest rise of 2.04% while the steepest decline was seen for zinc – 1.22%. Meanwhile, metal stocks at LME-registered warehouse showed a mixed trend. The largest outflow was seen in lead, which fell by 2.15% while the significant […]

Nalco has decreased prices to a one-month low compared with levels last seen in Dec’23. The company has significantly decreased aluminium ingot (P1020, 99.7%) prices by INR 11,000/t ($133/t) as against the last revision. After revision, Nalco’s prices are at INR 214,800/t ($2,588/t). All prices are ex-works and exclude GST. LME prices are at $2,272/t […]

Prices of non-ferrous metals on the London Metal Exchange (LME) witnessed varied trends. 3-month aluminium futures inched down by 0.7% to settle at $2,132/tonne (t), nickel prices rose by 1.8% to $16,508/t, copper prices edged up by 0.6% to $8,342/t, zinc prices inched down by 0.9% to $2,406/t and lead prices dropped by 0.5% to […]

National Aluminium Company Limited (NALCO) has increased primary aluminium ingot (P1020, 99.7%) prices by INR 1,800/t ($22/t) on 26 Aug’23 as against prices on 17 Aug’23. Effective prices stand at INR 204,200/t ($2,490/t) exw. The price of LME’s three-month aluminium futures stood at $2,155/t at the time of reporting.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 152.7 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update.

Major Iranian steelmakers exported 2.13 million tons of semi-finished and finished steel products during the first four months of the current fiscal year (March 21-July 22), registering a 3% growth compared with last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported. The export volume for Tir, the fourth month of […]