The London Metal Exchange (LME) aluminium price chart recovered on the November 9 trading session, wish cash reporting nearly 1 per cent gain compared to the November 6 close. Longer-dated contracts and inventories, however, edged lower. The LME aluminium cash bid as well as offer prices gained 0.96 per cent day-on-day on November 9. The bid recovered from USD 3,115 per tonne to USD 3,145 per tonne. The offer price surged from USD 3,117 per tonne to USD 3,147 per tonne . Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid price reported a 0.33 per cent rise from USD 3,049 per tonne on November 6 to USD 3,059 per tonne on November 9. The offer...
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...
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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...
Mozal SA has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members working towards a responsible aluminium value chain to 141. The company manufactures approximately 575,000 tons of primary aluminium per annum of which 9% is sold annually to a downstream business. “Mozal joined ASI as part of our business strategy to improve transparency and deliver on international performance standards in the area of Environmental, Sustainability and Governance. We believe to produce a product in a responsible way and minimize impacts to environment, people & community and maintain our license to operate in Mozambique. ASI will help us improve our ESG performance and assist us to learn and incorporate world class...
Vishay Intertechnology has announced the launch of a new series of low impedance, automotive grade miniature aluminium electrolytic capacitors. It offers high ripple currents up to 3.8A with high-temperature operation to +105C. Aluminium capacitors come with a long useful life up to 10,000h at +105C. The newVishay BCcomponents 170 RVZ series capacitors deliver lower impedance and 10% to 15% higher ripple current. This will save board space and improve design flexibility. These capacitors come in smaller case sizes, ranging from 10mm x 12mm up to 18mm to 40mm. “Highlighting radial leads and a cylindrical aluminium case, insulated with a blue sleeve, the series offers rated voltages up to 63V, capacitance from 100µF to 6800µF, and low impedance. The capacitors are charge and...
The American election is attracting attention in the whole world, but for Saguenay – Lac-Saint-Jean in Canada, it is very much critical. Major sectors of the regional economy are affected by the choice Americans will make between Republican Donald Trump and Democrat Joe Biden. The Canada aluminium industry, which exports 90% of its production to the American market, suggests that they would be more comfortable with the arrival of Joe Biden in the White House. Within the unions of aluminium workers, the enthusiasm for this vote is very present, especially not to see Donald Trump again as President. Sylvain Maltais, President of the union of the Rio Tinto’s Alman factory, said: “On two occasions he gave us taxes on aluminium. We are afraid to see him be re-elected.” In this sector of...
Vedanta has hiked its aluminium products price for the second time in a row. With effect from Wednesday, 04 November 2020, the prices of some aluminium ingots are in the range of INR 159,500-172,500 per tonne. That was up by INR 4,500 per tonne from INR 155,000-168,000 per tonne on November 3. The company’s billet price came in at INR 167,500 per tonne on November 4, a jump of INR 4,500 per tonne from INR 163,000 per tonne on November 3. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium prices on LME are up nearly 2% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and smelters at...
On 3 rd November’20, Qatar Aluminium Extrusion Co (QALEX), announced the acquisition of the assets of Abdul Noor Aluminium Extrusion Factory. Abdul Rahman bin Abdullah Al Ansari, Chairman of QALEX and Jassim Abdul Noor, Chairman of Abdul Noor Aluminium Extrusion Factory signed the purchase agreement. The deal was funded in cooperation with Qatar Development Bank (QDB), who manifested full cooperation as part of their mission to support small and medium enterprises and industrial sectors in general within Qatar, by increasing QALEX’s paid-up capital, through a call-up from the Authorized Capital of QR100m from the partners of QALEX. The partners of QALEX are Qatar Industrial Manufacturing Company (QIMC), in collaboration with other leading companies such as Salam International Investment...
On Tuesday, November 3, LEVC (London Electric Vehicle Company) announced that it started the production of its second product line - electric van VN5. VN stands for van and 5 for the volume of the cargo area. The company said that it had been designing, engineering and manufacturing the car at its award-winning production plant in Antsy Coventry – the UK’s only dedicated electric vehicle factory. VN5 is the first electric van model from LEVC, the maker of the world’s most iconic taxi. The company has followed the same technical and functional nomenclature strategy for VN5 as it used for its first product line – TX (electric taxi). VN5 features lightweight aluminium construction, bold and distinctive designs, and eCity technology. LEVC expects its new electric van to account for around 70...
Morocco's economic freedom score is 63.3, making its economy the 78th freest in the 2020 Index. The economy is positioned to decline notably this year as domestic demand falters and the external sector is hampered by slack foreign demand for key exports. FocusEconomics analysts project the economy to contract 4.6% in 2020 and to expand 4.3% in 2021, which is unchanged from September’s forecast. The North African nation’s aluminium foil import during 2017-19 was recorded at 10,411 tonnes and the foreign revenue expenditure occurred due to the import stood at $45.34 million. The import for 2020 is expected to reach at 7002 tonnes and expenditure to stand at $25.36 million. However, when the import and expenditure for 2020 get assorted with the existing three years, it signifies 17,413...
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, November 3, that it would sell a smelting capacity quota of 135,000 tonnes per annum to Yunnan Aluminium. Like Chalco, Yunnan Aluminium is also a subsidiary of state-owned Chinalco, the world’s biggest aluminium producer by capacity. Yunnan Aluminium topped Chalco’s auction for the quota by bidding RMB 538.65 million ($80.64 million), excluding tax, according to Reuters report. Yunnan Aluminium, based in southwest China’s Yunnan province, said that winning the quota would “help accelerate implementation of the company’s integrated hydropower and aluminium development strategy and further enhance competitiveness.” Aluminium capacity transfers between regions are allowed in China, and it is the second...
illycaffè teamed up with TerraCycle for the collection and recycling of its plastic Iperespresso capsules and aluminium capsules. The partnership launched in France, Spain, the United Kingdom, Austria, The Netherlands, and Belgium. The consumers will be able to have used capsules picked up at home or mail them to TerraCycle. Massimiliano Pogliani, CEO of illycaffè said: “illycaffè is a Benefit Corporation that has made a commitment to investing in promoting an environmentally sustainable lifestyle. We want to offer our customers the opportunity of making a cup of espresso at home as they would drink it in a bar, through the use of environmentally friendly capsules. For this reason, together with TerraCycle, we developed a circular economy programme that allows us to collect and give new...
SMM aluminium ingot price has registered a decline after three days of hike. The price stood at RMB 15090 per tonne on Wednesday, 04 November 2020, marking a decline of RMB 60 per tonne. The price is expected to range at RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has decreased by RMB 90 per tonne and RMB 60 per tonne to stand at RMB 14960 per tonne and RMB 15080 per tonne. Their average prices are expected to range within RMB 14940-14980 per tonne and RMB 15070-15090 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15080 per tonne and RMB 15020 per tonne, down RMB 50 per tonne and RMB 40 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 15110 per tonne, RMB 15055 per tonne, and RMB 15055 per tonne, down RMB 55...
Julien Balkany, the Vice-Chairman of the Board of Directors at Sarmin Bauxite Limited, confirmed that it entered into a definitive investment agreement with Lindian Resources of Australia on September 23, 2020. The agreement represents the sale of 75 per cent of shares of Sarmin Bauxite to Lindian Resources. In return, Sarmin Bauxite will receive an allotment of 30.67 million new Lindian shares. Sarmin Bauxite holds the Lelouma bauxite permit with significant resources, located in the Republic of Guinea, West-Africa. With the public announcement of the news on November 3, Lindian Resources saw its shares closed 40 per cent higher on the Australian Securities Exchange. The company even saw its shares surged over 60 per cent at some point during the trading session. Lindian Resources is...
National Aluminium Company Limited (NALCO) has extended the growth of its aluminium ingot and aluminium product prices for the third time in a row, albeit lower than the previous times, with effect from November 1. NALCO has raised its aluminium ingot price by INR 600 per tonne on November 1, compared with the hike of INR 3,400 per tonne on October 17. Hence, the company’s aluminium ingot price is now hovering at INR 158,150- 161,650 per tonne. With the latest hike, NALCO’s aluminium billets price has come in at INR 161,600-164,250 per tonne, registering an increase of INR 600 per tonne from INR 161,000- 163,650 per tonne. NALCO’s aluminium wire rods price is now at INR 161650- 166000 per tonne versus INR 161,050-165,400 per tonne as of October 17. Like any Indian aluminium producers,...
Constellium has received Aluminium Stewardship Initiative (ASI) Performance Standard certification for its extrusion plant in Singen, production sites in Gottmadingen and Dahenfeld. These facilities manufacture aluminium components and structural elements primarily for the automotive sector. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder consultation process. The independent, third-party audits of the Constellium facilities were carried out by GUTcert (AFNOR Group). Fiona Solomon, Chief Executive Officer at ASI said, “ASI congratulates Constellium on their Performance Standard certification covering their Singen, Gottmadingen and Dahenfeld...
As the Quebec Govt. wants to breathe new life into the aluminium industry, it needs to well listen to the subcontractors and suppliers of equipment towards aluminium smelter, who desires to double their exports over the next five years. Éloïse Harvey, President of Mecfor and spokesperson for a dozen companies among those that manufacture the specialized equipment used by major primary aluminium producers around the world, said: “We are part of the equation." Together, the group employs 900 people and generates revenues of 183 million, 57% of which already come from export markets. While the Quebec government has undertaken to modernize its aluminium strategy, equipment manufacturers are asking for a helping hand to improve the competitiveness of the sector that exports the most in Quebec,...
Three-month LME aluminium climbed 1.18 per cent to close at US$ 1,893 per tonne on Tuesday, November 3, with open interest rising to 742,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne on November 4. LME aluminium cash (bid) price and LME official settlement price increased for the third day in a row on Tuesday, November 3. The prices jumped significantly by US$ 56.50 per tonne from US$ 1,834.50 per tonne to US$ 1,891 per tonne. 3-months bid price and 3-months offer price also stood at US$ 1,891 per tonne on November 3, growing by US$ 51.50 per tonne from US$ 1,839.50 per tonne on November 2. Dec 21 bid price and Dec 21 offer price came in at US$ 1,926 per tonne, an increase of US$ 44 per tonne from US$ 1,882 per tonne. The LME aluminium opening stock decreased from...
Europe’s leading sustainable and architectural aluminium solutions provider, Reynaers Aluminium, has the MasterPatio minimal sliding frame system, which allows architects and designers to create dramatic floor-to-ceiling windows. Established in 1965 in Duffel, Belgium, Reynaers Aluminium designs cutting-edge glazing solutions through engineering aluminium windows, doors and curtain wall systems. The MasterPatio sliding system by Reynaers Aluminium has been designed with reduced sightlines, as well as concealed locks and receivers so that windows can remain in maximum view. The system is intended to be used in conjunction with the company's MasterLine 8 range of windows. The company said: "Throughout MasterPatio's development, clean design was always one of the key drivers.” "This resulted...
Ardagh has introduced new six limited-edition cans for beer brand Tatra. Tatra has honoured Poland’s everyday superheroes in limited edition cans that feature experts in their field. “Each 500ml can celebrates a master of a particular area of expertise – but in a compelling twist, the professions have been named symbolically rather than literally, inviting consumers to see a part of themselves in each and all of the characters shown,” Ardagh said. “For example, a hardworking miner is characterised as ‘Black Goldsmith’, while a weather-defying trawlerman is named ‘Sea Wolf’. ‘Master In His Trade’ represents skilled construction and manual workers; ‘Four-Wheel Expert’ proudly wields mechanics’ tools; and ‘Fire Tamer’ is that epitome of heroes: the firefighter. Completing the set is the...
