Last week, domestic spot alumina prices showed a trend of stabilising after the decline, while market trading activity was generally muted. On the supply side, domestic alumina operating capacity recently stood at about 99.5 million tonnes per year. Recently, an alumina plant in Henan carried out calciner maintenance; individual alumina plants in Guangxi faced short-term output constraints due to tighter safety controls; and a newly commissioned coastal alumina plant in Guangxi is still conducting product-quality commissioning. Entering the mid-to-late fourth quarter, some plants in both northern and southern China may adjust capacity. A large alumina producer in Shandong plans production-line technical upgrades, with the specific impact period to be tracked continuously; a large alumina...
Toyo Seikan Group Holdings reported a 7.7 per cent year-on-year decline in operating profit from its packaging business in the first half of FY2026, as rising raw material and energy costs continued to weigh on profitability despite higher sales. The Japanese packaging manufacturer recorded a 33.1 per cent increase in its LME aluminium price benchmark during the period, highlighting the cost pressures facing packaging producers amid elevated commodity prices. According to the company's financial results released on November 9, 2026, the LME aluminium price averaged USD 3,380 per tonne during April-September 2026, compared with USD 2,540 per tonne in the corresponding period of FY2025. Although the actual price was below the company's August forecast of USD 3,510 per tonne, it remained...
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Australian Bauxite Ltd made public towards the submission of mining lease application for fully-funded Sunrise Bauxite Project, Binjour QLD. If the application is approved then the bauxite will be shipped from the port of Bundaberg. Australian Bauxite Limited that operates mines in Tasmania estimated 55 direct jobs and up to 150 indirect jobs from mine to port. The company said: “We enjoyed strong support from landholders, who will be briefed individually after travel restrictions are eased.” “If and when approved, the Sunrise Bauxite operations will commence on the Binjour Plateau and, in time, bring smaller regional bauxite deposits into operation to develop a long-term supply chain for this gibbsite-rich type of bauxite which can be refined into alumina at a lower temperature with...
SMM aluminium ingot price has risen by RMB 10 per tonne from its earlier price to RMB15090 per tonne on Friday, 06 November 2020. The price has registered a hike after two days of decline. It expected to move within a range of RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has increased by RMB 30 per tonne each to stand at RMB 15000 per tonne and RMB 15100 per tonne. Their average prices are expected to range within RMB 14980-15020 per tonne and RMB 15090-15110 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15100 per tonne and RMB 15010 per tonne, up RMB 40 per tonne and RMB 10 per tonne. Aluminium ingot prices in Tianjin and Linyi have dropped to stand at RMB 15050 per tonne and RMB 15065 per tonne, down RMB 5 per tonne each. The prices of alumina, Bauxite...
Three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne on Thursday, November 5, with open interest rising to 748,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne today, November 6. LME aluminium cash (bid) price and LME official settlement price increased from US$ 1,877 per tonne to US$ 1,885.50 per tonne on Thursday, November 5, following a downfall on the previous day. 3-months bid price and 3-months offer price stood at US$ 1,896 per tonne, growing by US$ 10.50 per tonne from US$ 1,885.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1,938.50 per tonne versus US$ 1924 per tonne on November 4 The LME aluminium opening stock decreased from 1450025 tonnes to 1443950 tonnes. Live Warrants hovered at 1220375 tonnes, while...
Bajaj Electricals, an Indian consumer electrical equipment manufacturing company based in Mumbai, has come up with extremely good results during the lockdown phase. The company’s consumer business rose to 10.08% from 4.7%, which is a huge development in EBIT margin. However, Shekhar Bajaj, Chairman & MD of Bajaj Electricals said: “This is not a sustainable type of margin. This is something which has happened because there are many things which were not done in this second quarter and which we will do. For example, in terms of publicity, our advertising costs which we had postponed started in October. Therefore the margins will get impacted because of that.” The Chairman also stated that the company informed multiple vendors in regards to payment, which will be delayed and it was...
India’s ETO Motors has inked a memorandum of understanding (MoU) with the Telangana government for the establishment of manufacturing facility for its range of electric vehicles. The plant will be built under its subsidiary Keto Motors with an investment of INR150 crore. NK Rawal, Managing Director, ETO Motors, said, “The new EV policy of Telangana Government is aimed to create a sustainable ecosystem for EVs in the State including manufacturing, design, and adoption. The tail-wind from the demand and policy perspective makes us bullish for the electric vehicle segment. The new plant will help us cater to the increasing interest we are witnessing from the e-commerce and 3rd party logistics players in our products that are not only equipped to handle the decent load but are also capable to...
Bosnia’s ailing aluminium producer Aluminij has reportedly recommenced production after a halt for 15-months, thanks to an agreement with an Israeli-Chinese partner signed earlier this year, reported a local media. In April 2020, Israel’s M.T. Abraham Group and its partners China Machinery Engineering Corporation (CMEC) and China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., Ltd. (NFC) signed an agreement with Aluminij for a long-term lease of the Bosnian company’s production assets, an initial step towards the restart of the production. The official start of production is announced in the beginning of November, but the official logs started rolling out earlier, public broadcaster BHRT said last week. In the beginning of October, around 82 workers started preparing...
RUSAL, a leader of the global aluminium industry concludes the installation of a modern automated system for cleaning crude aluminium in crucibles at the Khakas Aluminium Smelter (KhAZ) in Sayanogorsk. The global aluminium giant has injected $2.7 million in the project. The introduction of the automated complex will result in an expansion in both the share of alloys and the VAP produced at KhAZ that are in demand across the rolling, automotive, food, aircraft and construction industries. The innovative equipment produced for RUSAL in Canada will process metal in a 10-tonne crucible. It will effectively remove alkaline and alkaline earth metals from the molten aluminium and reduce the concentration of non-metallic inclusions. One of the main advantages of the TAC (Treatment of aluminium in...
Hindalco Industries Limited further increased the prices of its aluminium ingot and aluminium products on November 4, marking the third consecutive hike since October 31. The price of Hindalco’s aluminium ingot is now standing at INR 161,750 per tonne after an increase of INR 4,750 per tonne or 3.03 per cent from INR 157,000 tonnes, as of November 3. This indicates an expansion in the growth of Hindalco’s aluminium ingot price compared with the rise of INR 1,750 per tonne on the previous day. Hindalco’s aluminium billets price has come in at INR 168,850 per tonne, up by INR 4,750 per tonne as well from INR 164,100 per tonne. The company’s aluminium wire rods price is at INR 172,850 per tonne, with effect from November 4, registering a growth of 2.83 per cent from INR 168,100 per tonne....
TDK, a global electronic components manufacturer leading in magnetic technology, offers its new EPCOS aluminium electrolytic capacitor series B43647 with snap-in terminals. As it is an outstandingly high CV product, they are best for highly compact solutions in power electronics. The capacitors are developed for the ultimate operating temperature of 105C; at a rated voltage of 450VDC and maximum ripple current, they achieve a useful life of 2000h. A capacitance range from 120µF to 1000µF is provided in case sizes varying from 22mm x 25mm to 35mm x 55mm. The other special feature is the high ripple current capability up to 7.22A. These capacitors are supreme for employment in power supplies for servers, telecommunications and industrial applications, as well as medical devices, UPS...
According to the Shanghai Metals Market, social inventories of primary aluminium ingots have shrunk sharply this week, ending on Thursday, November 5, due to robust downstream demand and limited arrivals of stocks. Data shows the inventories have decreased by 34,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 654,000 tonnes. This marks the third consecutive week of decline. Last week, on October 29 , primary aluminium inventories declined by 7,000 tonnes to stand at 688,000 tonnes, following a decrease of 24,000 tonnes in the week ago, on October 22, to 695,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi and Gongyi have seen the highest plunge in primary aluminium inventories...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased this week due to higher arrivals. The inventories rose 4,400 tonnes from previous week to stand at 94,500 tonne as of Thursday, 05 November 2020. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories in Foshan, Changzhou and Nanchang increased by 2,500 tonnes, 1,700 tonnes and 490 tonnes to stand at 35,000 tonnes, 11,710 tonnes and 13,050 tonnes on Thursday, 05 November 2020. The stocks in Huzhou remained unchanged at 15,000 tonnes. But the stocks in Wuxi witnessed a drop today. The inventories decline by 330 tonnes from last week to stand at 19,770 tonnes as of Thursday, 05 November 2020.
Iran’s economy is a mixed and transition economy with a large public sector. It is counted as the world's eighteenth largest by purchasing power parity. Some 60% of Iran's economy is centrally planned. Although, FocusEconomics Panellists see the economy contracting 7.3% in SH 2020, which is up 1.2% points from last month's forecast. In SH 2021, the economy is seen growing by 2.6%. The Western Asian nation’s import of aluminium sheets, plates and strips during 2018-19 was recorded at 8898 tonnes and the expenditures occurred due to the import stood at $14.44 million. The import for 2020 is expected to reach at 6241 tonnes, with expenditure to stand at $12.26 million. However, when the import volume and expenditure for 2020 gets added with the preceding two years, it resembles 15,139 tonnes...
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 4, 2020. The price of NALCO’s aluminium ingot has been raised significantly by INR 4,500 per tonne or nearly 3 percent from INR 158,150- 161,650 per tonne on November 1 to INR 162650-166150 per tonne. NALCO’s aluminium billets price has come in at INR 166100- 168750 per tonne, registering an increase of INR 4,500 per tonne as well from INR 161,600-164,250 per tonne. NALCO’s aluminium wire rods price is now at INR 166150-170500 per tonne versus INR 161650- 166000 per tonne on November 1. NALCO links the prices of its aluminium products to the three-month futures of aluminium on the London Metal Exchange, which since the beginning of...
RAIN Water Company has announced the launch of mountain spring water in recyclable aluminium bottles to minimize plastic bottle waste. “Consumers have long been told that plastic packaging is okay, provided that it is recycled. With plastic recycling rates not breaking single digits, it is quite difficult to think that this act can help reduce plastic waste. Aluminum is one of the most recyclable materials on the planet and reused repeatedly. Aluminum bottles, when recycled, will be back on the shelf or made into a pick-up truck like an F150 within 60 days - the opportunities are endless,” said the representative at RAIN Water Company. RAIN Water Company operates its bottling facilities and on site source of spring water. They veer away from outsourcing production. The company ensures its...
Fortum eNext low-NOx solutions, a part of Finland’s clean energy firm Fortum, has accomplished its earliest commercial combustion modification project in Madhya Pradesh, India at Hindalco Mahan Aluminium. Fortum said in a statement: “The project was aimed at reducing nitrogen oxides (NOx) emissions on one of the 150-MW boilers located in the state of Madhya Pradesh.” According to the statement: “The NOx emissions of a coal-fired boiler are for the first time cut down to such an extent that NOx levels reached well below 300 mg/Nm3 in all loads and mill combinations.” In June’19, the project initiated, while the boiler was commissioned in March’20 and has been in operation since then, but due to COVID-19 pandemic, the comprehensive Performance Guarantee Tests were concluded in October’20....
According to a recent report, Metallica Minerals Limited has entered into a sale agreement with Clear Logistics Australia Pty Ltd, a private company with experience in bauxite, heavy mineral sand and industrial sand, and gravel operations. The latter will purchase Metallica’s subsidiary company Oresome Australia Pty Ltd, a 50% joint venture partner in the Urquhart Bauxite Project near Weipa in Far North Queensland. Some of the key terms of the sale agreement include: 1) First instalment of $50,000 should be payed now, while a further $50,000 should be payed within 30 days of the signing of the Share Sale Agreement. 2) A milestone payment of $100,000 should be done upon the shipment of the first 1 million dry tonnes of bauxite and an additional $100,000 upon the shipment of the second 1...
Three-month LME aluminium climbed 0.82% to close at US$1,908.5 per tonne on Wednesday, with open interest rising to 747,000 lots. SMM expects the contract to trade between US$1,870-1,930 per tonne today. As of Wednesday November 4, LME aluminium cash (bid) price stands at US$ 1877 per tonne, LME official settlement price stands at US$ 1877per tonne; 3-months bid price stands at US$ 1885.50 per tonne, 3-months offer price is US$ 1885.50 per tonne; Dec 21 bid price stands at US$ 1924 per tonne, and Dec 21 offer price stands at US$ 1924 per tonne. The LME aluminium opening stock stood at 1450025 tonnes. Live Warrants totalled 1218725 tonnes, and Cancelled Warrants were 231300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1880.64 per tonne. SHFE Aluminium Price Trend...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its downfall on November 5, albeit lower than the previous day, to stand at RMB 15,080 per tonne. The price today has fallen by RMB 10 per tonne compared with the decline of RMB 60 per tonne on November 4. The average A00 aluminium ingot price today is expected to range between RMB 15,060 per tonne and RMB 15,100 per tonne, with spot contract to be traded at a premium price of RMB 80-120 per tonne, down by RMB 60 per tonne from the day earlier. Except in Foshan, Linyi, and Tianjin, A00 aluminium ingot price has declined across all major cities in China. In Shenyang, the price has dwindled by RMB 40 per tonne to stand at RMB 15,070 per tonne, while that in Hangzhou and Chongqing has plunged by RMB 20...
