China's coal production in April rose 3.8% from a year earlier, statistics bureau data showed on Monday. April coal output was 389.31 million metric tons, up from the year-earlier level but down from March's record monthly high of 440.58 million tons.
In a historic move that could reshape the American aluminium industry, Emirates Global Aluminium (EGA) has unveiled plans to develop the first new primary aluminium production plant in the United States in more than four decades.
Overnight, the most-traded alumina 2509 futures contract opened at RMB 2,938 per tonne, with a high of RMB 3,149 per tonne, a low of RMB 2,921 per tonne, and closed at RMB 3,141 per tonne, up RMB 222 per tonne or 7.59 per cent, with an open interest of 348,000 lots.
Premier Energies Ltd, an integrated solar cell and module manufacturer, has entered into a joint venture (JV) with Hyderabad-based Nuevosol Energy, a manufacturer of solar PV mounting structures. The partnership aims to manufacture aluminium-based solar module frames and other value-added components
HAI Materials Korea (HAIMK) will manufacture complex aluminum components for the South Korean market at the site. The production facility is equipped with a fully automated extrusion line with a pressing force of 60 meganewtons as well as all upstream and downstream systems.
Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 per cent to Rs 239.10 per