Iran is expanding its domestic aluminium manufacturing capabilities through nanostructured anodising technology, developing specialised aluminium sheets and profiles for applications across aerospace, medical equipment, electronics and automotive industries. The initiative reflects a move towards higher-value aluminium products by improving the metal's surface properties and expanding its potential industrial applications. According to Pars Today, citing Mehr News Agency, an Iranian aluminium complex is using the technology to produce aluminium components with nanostructured ceramic coatings designed to improve resistance to corrosion and wear. The complex is also working on developing specialised aluminium standards and has so far established eight standards in this field. The...
Amazon's Kindle made of aluminium introduces recycled aluminium into its entry-level e-reader range, highlighting the metal's growing application in consumer electronics. The aluminium-backed model combines a rigid metallic construction with a matte finish, built-in magnets for folio covers and a design that allows users to replace the battery. Compared with the standard plastic Kindle (2026), the aluminium version also offers additional storage and an ad-free lock screen. The Kindle made of aluminium features a rigid, matte-finished metal chassis that provides a premium appearance while eliminating body flex and naturally resisting oily fingerprint marks. Its construction incorporates built-in magnets on the back for attaching snap-on folio covers, while accessible external Torx screws...
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Taiwan’s imports of aluminium scrap from the US stood at 3,920 tonnes in November 2020, with a month-on-month decrease of 14.22%. Taiwan had imported 4,570 tonnes in October 2020. On a yearly basis, imports dropped by 5.31% from 4,140 tonnes in November 2019, as updated by the US Census Bureau. In the first eleven months of 2020, Taiwan imported 39,000 tonnes of aluminium scrap, from 57,200 tonnes imported in the first eleven months of 2019. This marked a drop of 32% year-on-year. Taiwan’s imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 4,460 tonnes in November 2020, a decrease of 1.11% from 4,510 tonnes in November 2019. Imports declined by 10% from October’s imports of 4,960 tonnes. In January-November 2020, total imports came...
Aluminium Stewardship Initiative announced on Friday, March 5, that it certified Chalco Ruimin Co., Ltd.’s two plants in Fuzhou, China, against Chain of Custody Standard Certification for remelting and casting, hot rolling, cold rolling, and finishing activities. The company produces rolled aluminium materials dedicated to metal container packaging, high-end lithographic, electronics and electrical appliances, and transportation. On receiving the ASI CoC Standard Certification, Feng Cai, Chairman of Chalco Ruimin Co., Ltd., commented: “Chalco Ruimin always focuses on providing our customers quality services, relying on the professional equipment and scientific deployment of alloy. As an important role of the Chinese aluminium industry, we have a responsibility to make efforts for the...
In 2017, Bel Air Mining was established in Guinea and now in 2021, it is in a deep financial crisis. The Guinean subsidiary of Alufer Mining Ltd., which exploits bauxite in the Boffa region, has been severely affected due to the recent slash in prices and the increase in freight and restrictions linked to the COVID-19 pandemic. On 3 rd February 2021, the board of directors declared a loss of approximately $ 70 million in revenue over the past two years due to the decline in bauxite prices. Bel Air Mining in its short-term action plan has decided to slow the pace of transport activities in February 2021, until deposits of 400,000 tonnes have been established, at the port to load 2O GV as soon as it is resumed. The sub-contract in transport favouring companies in Djoma and Maliguia will be...
The average alumina spot price in China has recorded a drop of RMB 12 per tonne to close the week on Friday, March 5, at RMB 2,332 per tonne, following a week-long restraint at RMB 2,344 per tonne, found the Shanghai Metals Market. In Shandong and Guangxi, the alumina spot price has decreased by RMB 25 per tonne and RMB 20 per tonne, respectively, to stand at RMB 2,330 per tonne and RMB 2,340 per tonne, while the price in Henan and Shanxi has dipped by RMB 10 per tonne to RMB 2,330 per tonne. In Guizhou, alumina price is standing at RMB 2,350 per tonne, slipping by RMB 10 per tonne as well. Australian alumina FOB price has dwindled by US$ 4 per tonne to come in at US$ 296 per tonne on March 5, learned SMM. A00 aluminium ingot price has declined sharply by RMB 480 per tonne to RMB 17,100...
Benchmark aluminium price on London Metal Exchange dropped 1.54 per cent to US$ 2169 per tonne on Thursday, 04 March 2021 from US$ 2203 per tonne on Wednesday. As of Thursday, March 4, LME aluminium cash (bid) price stands at US$ 2169 per tonne, LME official settlement price stands at US$ 2169 per tonne; 3-months bid price stands at US$ 2177.50 per tonne, 3-months offer price is US$ 2177.50 per tonne; Dec 22 bid price stands at US$ 2227.50 per tonne, and Dec 22 offer price stands at US$ 2227.50 per tonne. The LME aluminium opening stock stood at 1299775 tonnes. Live Warrants totalled 1083800 tonnes, and Cancelled Warrants were 215975 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2171.21 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Kaiser Aluminum Corporation, a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide full year 2020 results. Net sales stood at $1,173 million compared to $1,514 million in the prior year period. Value added revenue dropped to $697 million from $856 million in the prior year period, reflecting a 20% decrease in shipments primarily reflecting the COVID-19 impact on demand for the Company’s aerospace/high strength applications in the second half 2020. Adjusted EBITDA was $154 million, a decrease of $59 million compared to the prior year period. Reported operating income came in at $81 million. Reported net income stood at $29 million in 2020. Excluding the impact of non-run-rate items, adjusted net income was $48 million or $3.01 per diluted share for...
Shanghai Metals Market data found a further rise in China’s 6063 aluminium billet inventories, although slower than the previous week, across the five major consumption areas, including SHFE warrants. Data shows the inventories have grown by 7,000 tonnes over the week, ending on Thursday, March 4, to peg at 246,300 tonnes. Last week, on February 25, aluminium billet stocks stood at 239,300 tonnes, increasing by 25,100 tonnes from the week ago. The growth in inventories narrowed this week as the arrivals of cargoes were relatively low. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi and Foshan, aluminium billet inventories have seen a hike of 5,400 tonnes and 5,300 tonnes to come in at 59,200 tonnes and 114,300 tonnes,...
Metso Outotec, the frontrunner in sustainable technologies, end-to-end solutions and services for the minerals processing, aggregates and metals refining industries globally has been awarded a contract for the engineering and delivery of two 170 t/h Bayer process flash evaporation plants to the National Aluminium Company’s (Nalco) Damanjodi Alumina Refinery in Odisha, India. The value of the order is approximately $15.7 million and it has been booked in the Metals segment’s orders received in Q1 / 2021. Dr Alessio Scarsella, Director, Light Metals, Metso Outotec pointed: “We are excited for Nalco having chosen us as the supplier for the two energy-efficient flash evaporation plants complementing our market position in the Bauxite and Alumina sector.” “Previously, we have delivered three...
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 – 198,750 per tonne on March 3. Vedanta has also expanded its aluminium billets price by INR 1,250 per tonne from INR 191,750 per tonne on March 3 to INR 193,000 per tonne on March 4. The company’s aluminium ingot price is ranging between INR 185,000 – 198,000 per tonne as of March 4, growing by INR 1,250 per tonne as well from INR 183,750 – 196,750 per tonne on the previous day. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal...
The Ministry of Finance, Govt. of India declared the implementation of the RoDTEP Scheme and extending the benefit to all export goods w.e.f 1 st April 2021. The announcement is considered a huge relief for exporters post-withdrawal of the MEIS and will deliver a much-needed push to boost Indian exports. Although, the undecided of notifying the sector-wise remission rates under the RoDTEP Scheme is framing a precarious situation and uncertainty for Indian exporters due to uncertainty in regards to the pricing of goods and thereby affecting Indian exports. The 2021-22 Indian Union Budget has kept a provision of INR 13,000 crore for RoDTEP, which has been exceptionally curtailed from INR 50,000 allocation for the RoDTEP Scheme when initially it was announced in September 2019 by the Finance...
According to the Shanghai Metals Market, social inventories of primary aluminium have built-up 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, have come in at 91,000 tonnes, as of March 4, compared to 1.173 million tonnes last week. Higher arrivals of stocks in Wuxi, Nanhai, and Gongyi primarily attributed to the further expansion in China’s primary aluminium inventories on March 4, found SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has seen the highest growth of 38,000 tonnes to 448,000 tonnes on March 4, followed by the surge of 36,000 tonnes in Nanhai to come in at 284,000 tonnes, learned SMM. In Gongyi,...
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices with effect from Monday, March 1, after raising them five times in a row till February 26, 2021. NALCO’s aluminium ingot price came in at INR 181,850 – 185,350 per tonne on March 1, down by INR 3,400 tonnes from INR 185,250- 188,750 per tonne on February 26. The company’s aluminium billets price also faced a decline of INR 3,400 per tonne on March 1 from INR 188,700- 191,350 per tonne to INR 185,300 – 187,950 per tonne. NALCO’s aluminium wire rod price ranged between INR 185,350 – 189,700 per tonne. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which fell on...
France has been sorely affected by the global pandemic, both in terms of health and economic impact. The vital priority for the country remains saving lives while minimizing the economic costs of the pandemic. The pandemic and lockdown measures caused the deepest post-war recession and continue to cloud the outlook. The Western European nation’s import of aluminium containers for compressed gas during 2018-19 has been recorded at 2648 tonnes and the expenditure that occurred for the import stood at $23.85 million. The import for 2020 remained at 1752 tonnes and the revenue expenditure captured was $12.91 million. However, when the import volume and expenditure for 2020 gets assorted with the existing two years, it resembles 4400 tonnes and $36.76 million respectively. France import of...
In South America, alumina production in January 2021 stood at 1.069 million tonnes, reflecting a month-on-month downfall of 3.17 per cent, according to the data shown by the International Aluminium Institute. In December 2020, South America produced 1.104 million tonnes of alumina – an increase of 12.65 per cent from 980,000 tonnes in November. On a year-on-year calculation, South America’s alumina output stood 2.10 per cent higher than 1.047 million tonnes. In the entire year of 2020, alumina production in South America totalled 11.780 million tonnes, up by 9.69 per cent from 10.739 million tonnes produced during the same period of the previous year. In North America, on the other hand, alumina production grew month-on-month by 3,000 tonnes or 1.31 per cent to 232,000 tonnes in January...
According to a Reuters report, the premium for aluminium shipments to Japanese buyers has been set at $149-$165 per tonne for April-June. That indicated an increase of 15-27 per cent from the current quarter, reported sources involved in market pricing. Japan is the biggest importer of aluminium in Asia and the premiums it agrees to pay for primary aluminium shipments for each quarter over the cash price settled at the London Metal Exchange (LME) set the benchmark for the region. Japanese buyers had agreed to pay a premium of $130 per tonne for January-March, an increase of 48 per cent from the prior quarter. The growth was due to recovery in demand, especially from automakers as well as tight supplies.
Hindalco Industries Limited has hikes its aluminium products price for the second time in a row. With effect from Thursday, 04 March 2021, aluminium billets price stands at INR 193,100 per tonne, marking a growth of INR 2,000 per tonne from INR 191,100 per tonne on March 3. The company’s aluminium ingot and wire rods prices are currently hovering at INR 186,000 per tonne and INR 197,100 per tonne as of Thursday, 04 March 2021, an increase of 1 per cent each from INR 184,000 per tonne and INR 195,100 per tonne on March 3. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Aluminium...
The Spanish company Latem Aluminum has disclosed that it will invest €238 million in the Villandagos Del Páramo (León) and Villabrázaro (Zamora) plants and the outcome of it will create 660 direct jobs. The Minister of Employment and Industry of the Junta de Castilla y León, Ana Carlota Amigo said: “priority industrial project ". Macario Fernández, Executive President of Latem Aluminum, explained in a telematics press conference together with the Minister of Employment and Industry, Ana Carlota Amigo: “The company is dedicated to producing green aluminium from scrap, which already has a plant in Villadangos del Páramo, where it will invest €100 million.” In the Villabrázaro industrial estate, the production will commence during the H2 2023 and has an area of 300,000 square meters, while...
Vedanta Limited increased its aluminium ingot and aluminium products prices on Wednesday, March 3, following a cut on the previous day. Vedanta raised its aluminium ingot price by INR 2,000 per tonne to INR 183,750 – 196,750 per tonne in comparison with INR 181,750 - 194,750 per tonne on Tuesday, March 2. Vedanta’s aluminium wire rod price also witnessed a hike of INR 2,000 per tonne from INR 189,250 – 196,750 per tonne on March 2 to INR 191,250 – 198,750 per tonne on March 3. Aluminium billets price came in at INR 191,750 per tonne on March 3, up by INR 2,000 per tonne or 1.05 per cent from INR 189,750 per tonne on March 2. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which increased from US$ 2154.50...
