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...
Grow with
AL Circle
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Friday, 30 October 2020, the company’s wire rods price stands at INR 163,600 per tonne, down by INR 1,250 per tonne, from INR 164,850 tonne on October 28. Aluminium billets price to stands at INR 159,600 per tonne Friday, 30 October 2020, marking a drop of INR 1,250 per tonne from INR 160,850 per tonne on October 28. Hindalco aluminium ingots price has decreased by INR 1,250 per tonne to INR 152,500 per tonne on October 30 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, excluding those of its US arm...
The economy of Greece to grow 2.8% in 2020 in regards to investment, lower taxes, and budget projects. As per Reuter’s report in the last phase of the previous year, Greece expects its economy to grow by 2.8% in 2020, driven by higher investments, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis. However, in September’20, FocusEconomics panellists see GDP contracting 7.9% in 2020 before growing 5.2% in 2021, which is down 0.5% points from last month's projection. The South-eastern European nation’s import of aluminium structures during 2018-19 has been recorded at 3847 tonnes and the expenditure incurred stands at $19.24 million. The import for 2020 is expected to reach at 2204 tonnes and expenditure to outreach at $11.77 million. However, when...
As updated by Shanghai Metals Market, average spot alumina price in China has decreased by RMB 10 per tonne on Friday, 30 October 2020 to stand at RMB 2280 per tonne, after remaining flat at 2290 per tonne since October 29. Alumina price in Shandong has declined by RMB 10 per tonne to stand at RMB 2275 per tonne. The prices of alumina in Henan, Shanxi, Guizhou, Guangxi China markets have slipped by RMB 10 per tonne each to stand at RMB 2280 per tonne, RMB 2270 per tonne, RMB 2305 per tonne and RMB 2310 per tonne on Friday, 30 October 2020. SMM aluminium ingot price has ended the week higher at RMB 14830 per tonne on Friday, 30 October 2020, marking a growth of RMB 120 per tonne. The price is expected to range at RMB 14810-14850 per tonne. In Foshan and Wuxi, the price has risen by RMB 90...
The 32-year-old entrepreneur, Chanelle O’Sullivan hailing from Wanaka, a resort town on New Zealand's South Island launch of her new start-up Borage + Bee Meadery, brewing a modern New Zealand version of the traditional mead wine. The lightly alcoholic sparkling honey-based drink packaged in sleek aluminium can with an attractive watercolour artwork on the can by Wanaka artist Sophie Melville. The distribution took the product on the shelves of large food store Moore Wilson’s in Wellington this week and O’Sullivan is working with several bars and restaurants, and some supermarkets and liquor outlets, to stock it also. The production capacity is limited for now and the can design stimulates the interest of potential international buyers; however, O’Sullivan has plans for greater things....
Three-month LME aluminium dropped to a three-week low at US$1,793 per tonne on Thursday, closing 0.41% lower at US$1,804 per tonne. SMM expects the contract to trade between US$1,790-1,830 per tonne today. As of Thursday October 29, LME aluminium cash (bid) price stands at US$ 1786 per tonne, LME official settlement price stands at US$ 1786 per tonne; 3-months bid price stands at US$ 1795.50 per tonne, 3-months offer price is US$ 1795.50 per tonne; Dec 21 bid price stands at US$ 1843.50 per tonne, and Dec 21 offer price stands at US$ 1843.50per tonne. The LME aluminium opening stock stood at 1462750 tonnes. Live Warrants totalled 1216650 tonnes, and Cancelled Warrants were 246100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1815 per tonne. SHFE Aluminium Price...
Century Aluminum Company announced its third quarter 2020 results. Shipments of primary aluminium were 203,022 tonnes in Q3, down 3% from 210,309 tonnes Q2 2020. Net sales stood at $392.9 million compared with $401.9 million for the second quarter of 2020, down 2% on lower LME prices and regional premiums. Adjusted EBITDA came in at $(31.4) million in Q3, a decrease of $36.0 million primarily driven by unfavourable LME and regional premium price realizations, and higher seasonal power costs. The company posted a net loss of $(58.2) million and a $(64.4) million net loss on an adjusted basis in Q3. The results were impacted by $6.2 million of exceptional items, including a $15.4 million lower of cost or net realizable value inventory adjustment (net of tax), offset by $8.0 million of...
Bulgaria’s aluminium products manufacturer Alcomet reported net profit of 818,000 levs in the first nine months of 2020, down from 8.3 million levs in the first nine months of 2019. Sales of extruded products increased by 10.2% year-on-year to 19,878 tonnes. Rolled products sale came in at 33,931 tonnes, up 3.2% year-on-year. Total sales rose to 53,809 tonnes, from 50,926 tonnes last year. Germany, Poland and Italy were the top importers of the company’s products in the first three quarters of 2020. Revenue stood at 263.1 million levs in the January-September 2020 as compared to 273.7 million levs in the January-September 2019. The output of extruded products increased to 19,240 tonnes from 17,414 tonnes a year earlier. Rolled products production dropped to 33,974 tonnes from 34,184...
The vertical tail of NASA’s X-59 Quiet SuperSonic Technology aircraft has been delivered to Lockheed Martin’s Skunk Works facility in Palmdale, California. The assembling of the supersonic jet is taking shape in Palmdale in anticipation of the X-59’s first flight in mid-2022. The vertical tail is made of an aluminium alloy, and the pale green colour comes from a corrosion-protecting coating applied to the bare metal. The structure will be placed atop the single F414-GE-100 jet engine to form the X-59’s tail and contribute to the aircraft’s overall height of 14ft. Designed to produce quiet sonic ‘thumps’ when flying supersonic, the X-59 will be flown over select communities to measure public perception of the sound. Results will be given to regulators to use in determining new rules that...
According to the Shanghai Metals Market, social inventories of primary aluminium have extended decline by 7,000 tonnes this week, ending on Thursday, October 29. The data shows the inventories have decreased across eight major consumption areas in China, including SHFE warrants, to come in at 688,000 tonnes. Last week, on October 22 , primary aluminium inventories fell significantly by 24,000 tonnes week-on-week to stand at 695,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Except in Gongyi and Linyi, the decline in primary aluminium inventories today has touched upon all other major Chinese cities. Wuxi has seen the highest downfall of 11,000 tonnes to 197,000 tonnes, followed by Shanghai, wherein the inventories...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped 700 tonnes from previous week to stand at 90,200 tonne as of Thursday, 29 October 2020. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan saw significant drop in the billet stocks. The inventories in Foshan declined by 8,800 tonnes from last week to stand at 32,500 tonnes. In Changzhou and Nanchang, the billet stocks stood at 10,010 tonnes and 12,560 tonnes, an increase of 540 tonnes and 1,810 tonnes. The stocks in Wuxi and Huzhou rose by 1,720 tonnes and 4,000 tonnes on Thursday, 29 October 2020 to stand at 20,100 tonnes and 15,000 tonnes today.
Coca-Cola announced its foray into the European alcohol market with the launch of the Topo Chico hard seltzer in 330ml sleek aluminium can. The company will launch its range in Austria, Great Britain, Northern Ireland, Greece, Republic of Ireland and Ukraine starting next month. The hard seltzer will be available in three flavours: Tangy Lemon Lime, Tropical Mango and Cherry Acai. Coca-Cola Great Britain and Ireland general manager Jon Woods commented: “We are very excited about this launch and the possibilities for this brand in Great Britain and Ireland. We are confident that we have a fantastic product in Topo Chico Hard Seltzer in a dynamic new category. The hard seltzer category is most developed in the US, where it has grown exponentially in the past few years.” “With the strength...
AMAG Austria Metall AG has announced the comprehensive financial and operational reports for the first nine months of the year 2020, revealing that its revenue decreased by 18.1 per cent year-on-year from EUR 821.5 million to EUR 673.2 million. Earnings before interest tax, depreciation and amortisation (EBITDA) also plunged by 26.92 per cent from EUR 109.2 million to EUR 79.8 million during January-September 2020. The Y-o-Y decline in revenue and EBITDA reflects lower total shipment volumes in the Casting and Rolling Divisions – especially in the transport sector and in the distribution area – accompanied by a change in the product mix and lower price levels. Although primary aluminium shipments increased compared with the previous year, total shipments stood down from 336,500 tonnes in...
Hungary's economy could shrink by 5% in 2020, says Mihály Varga, Finance Minister. Earlier data showed that Hungary's industrial output dropped by 30.7% on the year in May after a 36.8% plunge in April, as the volume of output dived across the board in manufacturing. The fall was especially significant in car manufacturing. The landlocked Central European nation’s import of aluminium tubes and pipes during 2018-20 has been recorded at 9367 tonnes and expenditure occurred due to the import accounted at $48.17 million. The import for 2020 has been predicted to reach at 3490 tonnes and expenditure to stand at $18.28 million. However, when the 2020 import volume and expenditure gets assorted with the existing two years, it depicts 12,857 tonnes and $66.45 million respectively. In 2018,...
In July 2020, the United States’ aluminium scrap exports to Mexico increased by 1,700 tonnes or 16.5 per cent month-on-month to stand at 12,000 tonnes, found the US Geological Survey data. In the month earlier, the US aluminium scrap exports to Mexico came in at 10,300 tonnes, increasing from as low as 1,450 tonnes in May. In April, the United States exported 3,700 tonnes of aluminium scrap to Mexico compared with 15,200 tonnes in March. The above data thus represents that the US aluminium scrap exports to Mexico started rebounding from June after the past two consecutive months of significant decline. On a year-on-year calculation, the US exports to Mexico stood down in July 2020 by 2,900 tonnes or 19.46 per cent from 14,900 tonnes. The United States’ total aluminium scrap exports to...
Metro Mining reported production and shipping results for September quarter 2020. The company produced 1.062 million wet metric tonnes (WMT) of bauxite in September quarter, down from 1.419 million tonnes in June quarter. The year-to-date production came in at 2.481 million tonnes. The shipments were 1.230 million tonnes in September quarter, bringing total shipments for the year to 2.481 million tonnes. “Metro continued to successfully operate within the established Policies and Procedures in response to COVID-19 at Corporate Offices and the Bauxite Hills Mine, with zero cases recorded,” the company said. “The Mine’s operational results during 2020 demonstrate that, with the existing plant and equipment, the Bauxite Hills Mine can easily operate at a 4Mtpa rate.” The company’s sales...
Hindalco Industries Limited has cut its aluminium ingot and aluminium product prices with effect from Wednesday, October 28, after raising them a week ago. The company is now selling its aluminium ingot at INR 153,750 per tonne compared with 156,000 tonnes as of October 22. This represents a decrease of INR 2,250 per tonne or 1.44 per cent in Hindalco’s aluminium ingot price this week. Hindalco’s aluminium wire rod price has come in at INR 164,850 per tonne, also representing a decline of INR 2,250 per tonne from INR 167,100 per tonne. Hindalco’s aluminium billet price is hovering at INR 160,850 per tonne versus INR 163,100 per tonne on October 22. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which during...
North America’s alumina production stood 18 per cent lower year-on-year to 199,000 tonnes in September 2020. The output in September 2019 was 243,000 tonnes. On a month-on-month comparison, the production declined by 16 per cent from August’s production of 238,000 tonnes. In the first nine months of 2020, alumina output totalled 1.987 million tonnes, from 2.186 million tonnes in the first nine months of 2019, according to the latest data showed by the International Aluminium Institute (IAI). This marked a decrease of 9 per cent year-on-year. South America’s alumina production reduced by 20 per cent year-on-year to 743,000 tonnes in September 2020. On a month-on-month basis, the output inched down by 21 per cent from August’s production of 946,000 tonnes. The output of alumina increased...
A proud and trusted supplier of Aluminium flat-rolled products, Bridgnorth Aluminium has been reported with COVID-19 outbreak; at least 19 peoples got infected at the factory. The Shropshire Public Health Director has warned Shropshire was 'on the edge of having further restrictions' imposed. All the COVID-19 positive detected staffs of Bridgnorth Aluminium are self-isolating for at least 10 days and contacts are isolating for 14 days. The metal manufacturer, based off Old Worcester Road, is working with Shropshire Council and Public Health England (PHE) Midlands to manage the situation. A spokesperson for Bridgnorth Aluminium said: “We confirm that 19 employees from our site have tested positive and are now self-isolating.” “PHE and Shropshire Council have been informed and we would like...
