India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into imports of aluminium extrusion profiles, structures and articles from China, Malaysia, Vietnam and Thailand following a complaint by the Aluminium Extrusion Manufacturers Association of India (ALEMAI). The investigation will examine imports between April 1, 2025 and June 30, 2026. The injury assessment will cover the period from 2022-23 to June 30, 2026. ALEMAI, which represents 228 domestic manufacturers, alleged that a significant increase in dumped imports from the four countries had caused injury to India's aluminium extrusion industry. Explore further insights and forecasts for the aluminium flat rolled products (FRP) market from our comprehensive report - Aluminium Flat Rolled...
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...
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On Friday, October 30, the Government of Telangana launched the 10-year 'Telangana Electric Vehicle & Energy Storage Policy' with a vision to make the state a hub for electric vehicles (EVs) and energy storage systems (ESS). The policy, launched in the presence of ministers KT Rama Rao and Ajay Kumar, is designed to attract private investments worth US$ 4 billion in the electric vehicle sector and create 120,000 employments by 2030. "Telangana has come out with an extremely comprehensive policy. We have ensured that the energy storage policy is clubbed with the EV policy because these two are tight-knit ideas which need to work cohesively. We have taken a pragmatic approach while designing this policy in consultation with industry leaders," Rama Rao said after unveiling the policy. The...
Hindalco Industries Limited has hiked its aluminium products price after declining it for the second time in a row. With effect from Saturday, 31 October 2020, the company’s wire rods price stands at INR 166,350 per tonne, up by INR 2,750 per tonne, from INR 163,600 tonne on October 31. Aluminium billets price to stands at INR 162,350 per tonne as of Saturday, 31 October 2020. This marks a growth of INR 2,750 per tonne from INR 159,600 per tonne on October 30. Hindalco aluminium ingots price has increased by INR 2,750 per tonne to INR 155,250 per tonne on October 31. 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 flat so far in 2020. Aluminium operations of the company,...
Tatton Park’s Glasshouses which are currently closed to the public due unsafe to enter are being set aside for replacement. It is a historic estate in Cheshire, England, north of the town of Knutsford. As per the report, the Vinery and Potting Shed glasshouses adjoin a wall at the park garden and are in very poor condition. Now, the plan is to replace the rotten timber structures of the glasshouses with aluminium frames over the next seven years, which allows time for fundraising to pay for the work. Cheshire East Council sought out the planning approval to replace the lean-to timber glasshouses, which contains historic vines. The Potting Shed dates from the early 19th century, and the Vinery is a late 20th-century replacement for an earlier structure. A report with the application said:...
According to a recent report, some of the world’s largest aluminium producers like Norwegian group Norsk Hydro and India’s Hindalco Industries are resisting the London Metals Exchange’s plans of launching a “green aluminium” trading platform. The news came after the companies said they both opposed proposals by the LME to build a separate contract for trading lower carbon aluminium. In August, the LME announced its plans for a separate spot exchange to trade low-carbon aluminium, the first trading platform based on the environmental footprint in the exchange’s 143-year history. The LME thought a separate trading venue for low-carbon aluminium could help determine if customers were willing to pay a premium for greener metal. That, in turn, would incentivise the industry to lower its carbon...
SMM aluminium ingot price has opened higher at RMB 15050 per tonne on Monday, 02 November 2020. This records a growth of RMB 220 per tonne from Friday. The price is expected to range at RMB 15030-15070 per tonne. In Foshan and Wuxi, the price has increased by RMB 220 per tonne and RMB 210 per tonne to stand at RMB 14990 per tonne and RMB 15050 per tonne. Their average prices are expected to range within RMB 14970-15010 per tonne and RMB 15040-15060 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15050 per tonne and RMB 14970 per tonne, up RMB 180 per tonne and RMB 220 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 15080 per tonne, RMB 15010 per tonne, and RMB 15060 per tonne, up RMB 305 per tonne, RMB 200 per tonne and RMB...
Three-month LME aluminium climbed 2.44 per cent to close at US$ 1,848 per tonne on last Friday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1,820-1,870 per tonne today. LME aluminium cash (bid) price and LME official settlement price rebounded on Friday, October 30, to stand at US$ 1,820.50 per tonne. 3-months bid price and 3-months offer price jumped from US$ 1,795.50 per tonne to US$ 1,823.50 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 1,869 per tonne, an increase of US$ 25.50 per tonne from US$ 1,843.50 per tonne. The LME aluminium opening stock increased marginally from 1462750 tonnes to 1462925 tonnes. Live Warrants stood at 1219725 tonnes, while Cancelled Warrants at 243200 tonnes. LME aluminium 3-months Asian Reference Price...
The company Städtler + Beck has developed the Aluplex, a new joint testing device made of aluminium. The integrated Plexiglas window enables the device to be precisely positioned on the joint to be tested. The revision of the worksheet DWA-A 139 "Installation and testing of sewage pipes and sewers" from March 2019 gives concrete form to DIN EN 1610, which has been valid since 2015, also in the area of testing individual pipe connections. It is stated here that the test requirements for individual connection tests are higher than for section tests. According to DWA-A 139 Section 13.4.1, only double packer systems are to be used for checking individual connections, in which leaks between packer and pipe wall can be detected and documented. Besides, the test room should be visible to...
Arksen announced its plan to build a cutting edge eco-friendly superyacht – the first explorer vessel ‘Project Ocean’ under Arksen 85 series. The yacht has officially gone into production in the United Kingdom and is ready to take sail within the next two years. The Arksen 85’s hull will contain recycled aluminium, sourced via Norwegian company Hydro, to enable the hull easily recycled by the end of the yacht’s life. The interior will include a variety of sustainable materials, all the way down to the fabrics—which will be created using recycled plastic bottles. The 26.2 metre yacht will have four cabins, including a full beam master suite with multi-purpose library, study, media room, and children’s cabin, for accommodating up to 14 passengers at any given time. The innovative yacht will...
On 29 th October’20, MBF Aluminium in France carries out the procedure of filing for bankruptcy of the foundry before the commercial court of Dijon. Saint-Claude based MBF Aluminum foundry is in default of payment, being unable to settle its debts. To act on this new aspect of the procedure, a meeting of the Social and Economic Committee (CSE) was held on 29 th October’20 and the Chairman of the company Mr Gianpiero COLLA, was due, the same afternoon, to perform filing for bankruptcy with the Dijon Commercial Court. From there, the foundry could be placed in a period of receivership and the payment of wages taken care of by the Guarantee Fund. "This is an important and unknown step,” says the unions of the company, who are not surprised by this suspension of payment and announce that from...
The global diversified metal and mining giant Vedanta Resources Limited with its headquarters in London, UK has come with organisational changes in the recent period which includes elevating Kanishk Agarwal to CMO, Europe for Base Metals & Concentrates. Kanishk, one of the youngest CMO’s in the metal industry will be shouldering the responsibility for sales of Copper rods, aluminium value-added products and ingots & zinc concentrate to the European region. He is an Alumnus from Narsee Monjee Institute of Management Studies and Campion School. He has been associated with the Group for over 3 years and has worked extensively across functions like finance, marketing, investor relations, strategy formulation in different commodities within the Group. In his previous role, he was Country...
Wheels India Ltd. commissioned new cast aluminium wheel plant with an investment of INR 177 crore. The facility, located at Thervoy Kandigai, Tamil Nadu, will have an annual production capacity of 7.5 lakh wheels. Srivats Ram, MD, said, “We will start shipping cast aluminium wheels shortly. Initially, it will be for exports but we will look at the domestic market as well, going forward.” Net profit stood at INR 7.43 crore for the second quarter ended September 30, down from INR 28.67 crore a year earlier. The company reported revenue of INR 510.84 crore. That was down 14% from INR ₹595.63 crore a year earlier. “After the lockdown [began] in March, we started running our plants at some level only towards the end of the first quarter,” he said. “With the unlocking of the economy, we reached...
On Monday, October 26, three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne. On Tuesday, it hit the lowest in more than two weeks at US$1,812 per tonne earlier in the session, closing down 0.05% to come in at US$1,821 per tonne. On Wednesday, October 28, the price closed further 0.52 per cent lower at US$ 1,811.5 per tonne, which on Thursday, October 29, dropped to a three-week low at US$1,804 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 26, lower at US$ 1822.50 versus US$ 1829 per tonne on October 23. On Tuesday, October 27, both the prices fell sharply to stand at US$ 1808 per tonne, which on Wednesday declined further to US$ 1801 per tonne. On Thursday, October 29, both LME aluminium cash (bid)...
SMM aluminium ingot price continued to trend lower this week. The price on Tuesday, 27 October, declined by RMB 10 per tonne to stand at RMB 14880 per tonne, after remaining flat on Monday. The price dropped by RMB 140 per tonne and RMB 30 per tonne on Wednesday and Thursday, ending the price at RMB 14740 per tonne and RMB 14710 per tonne on October 28 and October 29. Aluminium ingot price ended higher at RMB 14830 per tonne on Friday, 30 October 2020. According to the Shanghai Metals Market, social inventories of primary aluminium have extended decline by 7,000 tonnes this week. The data shows the inventories have decreased across eight major consumption areas in China, including SHFE warrants, to come in at 688,000 tonnes on October 29. The alumina price in China continued to remain...
Vedanta has continued to reduce its aluminium products price. With effect from Friday, 30 October 2020, the prices of some aluminium ingots are in the range of INR 150,250-163,250 per tonne, marking a decline of INR 1,500 per tonne from INR 151,750-164,750 per tonne on October 28. The company’s billet price came in at INR 158,250 per tonne on October 30. That is down by INR 1,500 per tonne from INR 159,750 per tonne on October 28. 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 flat 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 Jharsuguda in...
The up-rise in primary aluminium export has supported the industry producers of the metal to cushion a rapid plunge in domestic demand amid the COVID-19 outbreak, as per the Crisil Research report. Crisil report indicates: “Primary aluminium exports rose by 50% in the first quarter of the current fiscal and constituted over 75% of the total production of the commodity.” “Among the destinations, the exports have surged to countries that have had early success in containing the pandemic, such as China, South Korea and Malaysia”, it said. However, the report also reflected that exports to china blown with mammoth 4500% on-year the low base. "On the domestic front, primary aluminium demand is estimated to have plunged 45-50% on-year in the first quarter following the nationwide and local...
Rio Tinto, the world’s second-largest miner, is reportedly investing $51 million in upgrading facilities at its Vaudreuil alumina refinery in Quebec, Canada. According to the report, three new energy efficient buildings are under construction. Besides, existing facilities will be revamped with a centralised control room, offices, and common areas. The project is expected to be completed in early 2021, aiming to improve employee safety and optimise operations at the Saguenay region’s plant built in 1936. Two year ago, Rio promised to invest C$250 million to extend the life of the operation past 2022, including the construction of a filtration plant on site to manage bauxite waste. The plant will also make cement out of the smelting process leftover to promote circular economy initiatives,...
Nasmyth, a global supplier of precision engineering solutions and metals has signed a multi-million-pound contract with Incora, the global provider of innovative supply chain solutions to the aerospace and other industries, will manufacture precision engineered components for multiple platforms including new and aftermarket OE build and support to Legacy Engines. Nasmyth Bulwell team will carry out the seven-year contract, from their state-of-the-art manufacturing facility in Pinxton, Nottinghamshire and Nasmyth Group’s manufacturing team in Asia. Nasmyth Bulwell has delivered high quality, uniquely integrated precision engineering and manufacturing solutions for the global aerospace industry for more than 60 years. The company is specialised in the manufacturing of solid machine...
On 29 th October’20, Emilo Braghi, President of Novelis Europe has been re-elected as the Chairman of European Aluminium Association at their General Assembly, which went on a virtual platform. The European Aluminium association proudly welcomed two new members in 2020, which makes the association’s total membership to leap 85 plus members representing 600 plants across 30 European nations. Emilo Braghi, said: “I am grateful to my colleagues for their confidence during this critical time for our industry. I aspire to be a strong ambassador for the entire value chain and help secure adequate support measures for our industry to recover from the corona crisis and set the right conditions for fostering the production of sustainable aluminium in Europe.” “I’m especially looking forward to the...
