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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The British Aluminium extrusion, fabrication and finishing firm EDMO have obtained seven-figure funding package from HSBC via the Coronavirus Business Interruption Loan Scheme (CBILS). Edmo has been a trusted name since 1978. Edmo based in Herefordshire works with a host of industries which includes aerospace engineering and healthcare. The extruded aluminium firm will use £3.6 million injections to maintain supplier payments during the ongoing COVID-19 pandemic. Andrew Stride, CEO, Edmo, said: "Our goal at Edmo is to offer every one of our customers a complete, specialist solution.” "As a direct result of the pandemic and its immediate effect on trade in the early months of the crisis, it placed huge demands on cash flow generally, but thanks to the support from our relationship director...
Constellium announced results for the third quarter ended September 30, 2020. The company reported shipments of 354 thousand tons in Q3, a decrease of 11% year-on-year on lower shipments in all three segments. Revenue stood at €1.2 billion, down 20% YoY due to lower shipments and lower metal prices. Net income came in at €20 million compared to net income of €1 million in Q3 2019. Adjusted EBITDA was €126 million, a decrease of 9% due to weaker results in the Aerospace and Transportation segment. Jean-Marc Germain, Constellium’s Chief Executive Officer said, “I am very proud of our third quarter results, including our Free Cash Flow performance of €75 million in the quarter. Packaging & Automotive Rolled Products reported record quarterly Adjusted EBITDA. Aerospace & Transportation...
Google seems to have reached its goal of including recycled materials in its gadgets by recently producing Pixel 5 with 100 per cent recycled aluminium. Earlier this year, Google announced its commitment towards climate action plan for the next decade, along with its commitment towards incorporating recycled materials in all its products by 2022. “Last year, consumer hardware made public our ambition to leave people, the planet and our communities better than we found them. We committed that all of our products would include recycled materials by 2022. We hit that goal early: This year all of the new Pixel and Nest products are designed with recycled material,” wrote David Bourne, Google’s Sustainability Systems Architect. Google Pixel 5 is the brand’s first phone being made with recycled...
Panama's dollarized economy rests primarily on a well-developed services sector that accounts for three-quarters of GDP. Strong economic performance has not translated into broadly shared prosperity as Panama has the second-worst income distribution in Latin America. In 2020, Panama's economy should slow further amid lower mining sector growth, fewer expected infrastructure projects, and subdued activity in the Canal due to weaker global trade growth. The country on the isthmus linking Central and South America has recorded import of aluminium foil of 1527 tonnes during 2018-19 and expenditure occurred for the import stood at $7.36 million. The import for 2020 has been evaluated at 1232 tonnes and expenditure to stand at $7.60 million; when the import volume and expenditure of the...
On 25 th October’20, Arab Aluminum (ALUM) disclosed to the Egyptian Exchange that Kharafi Construction reduced its stake from 43.20% to 37.89%. Kharafi Construction, a Grade 'A' General Contractor with the experience of executing major construction and infrastructure projects throughout Kuwait has sold 300,000 shares at EGP 30 per each, with a total amount of EGP 9 million. MAK Holding for Industry sold its entire ownership for a total value of EGP 12.01 million in a September 28th transaction. The aluminium producer, Arab Aluminium posted an 8.7% Y-o-Y decrease in its net profit during the first half of 2020. Arab Aluminum is an Egypt-based company that specializes in extruding aluminium profiles for architectural and industrial applications. The company undertakes the activities of...
Lee Kee Group has become new General Supporter member of the Aluminium Stewardship Initiative (ASI). This brings the total number of members to 140. “At Lee Kee, sustainability is integral to our business. Our policies and consistent implementation of environmentally and socially responsible measures demonstrate our commitment towards sustainable development. We are proud to join ASI in their efforts to support the aluminium sector to promote best practices in environmental, social and governance, ensuring sustainability and responsibility in every stage of aluminium’s value chain,” said Ms. Clara Chan, CEO of Lee Kee Group. Lee Kee Group delivers base metals, standard alloys, special alloys and a variety of non-ferrous metals in all over the world. The company is a major supplier of...
Aluminium Bahrain B.S.C. (Alba) has reported its financial results for the third quarter and nine months of 2020, revealing that it experienced a loss of BD 11.6 million (US$31 million) in Q3, up by 209 per cent year-on-year from a profit of BD 10.7 million (US$28.4 million). In total nine months of the year, Alba made a loss of BD22.3 million (US$59.2 million), up by 164 per cent year-on-year from a Loss of BD8.4 million (US$22.4 million). With regards to the Revenue from Contracts with Customers in the third quarter of 2020, Alba generated BD262.7 million (US$698.6 million) versus BD287.1 million (US$763.6 million) in Q3 2019 - down by 8.5 per cent YoY. During January-September, total Revenue from Contracts with Customers reached BD782.6 million (US$2,081.5 million), up by 6% YoY from...
Aluminium packaging recycling rates have surpassed its 2020 targets by more than 5%, according to data released by the Environment Agency. The Environment Agency reported 42,265 tonnes of aluminium packaging collected for recycling in Q3. This marks a growth of 41% year-on-year and 4% quarter-on-quarter. To date in 2020, 119,198 tonnes were collected for recycling, an increase of 48% year-on-year. Aluminium packaging collected through kerbside, bring and on-the-go systems increased by 28% to 78,685 tonnes, while tonnage recovered from incinerator bottom ash (IBA) more than doubled to 40,513 tonnes in 2020, from 19,139 tonnes in 2019. Rick Hindley, executive director at Alupro (pictured), commented: “The UK’s PRN data for Q3 shows an astonishing year-on-year increase among separately...
The world alumina production in the third quarter of 2020 improved by 1.37 per cent quarter-on-quarter from 32.935 million tonnes to 33.386 million tonnes, according to the latest data released by the International Aluminium Institute. On a year-on-year basis, the output in Q3 found almost flat compared with 33.268 million tonnes. In September, the world alumina production was 10.717 million tonnes, down by 6.02 per cent from 11.404 million tonnes in August. On a year-on-year calculation, the output in September inched down by 1.12 per cent from 10.838 million tonnes. In China, alumina production during September was 5.855 million tonnes, 3.22 per cent lower than 6.050 million tonnes month-on-month but flat compared with 5.880 million tonnes during the same period last year. In Q3,...
A00 aluminium ingot price has edged lower by RMB 60 per tonne on Tuesday, 27 October 2020 after remaining flat October 26. The price now stands at RMB 14880 per tonne today, from its previous price of RMB 14940 per tonne. The price is expected to range at RMB 14860-14900 per tonne. In Foshan and Wuxi, the price has decreased by RMB 70 per tonne and RMB 40 per tonne to stand at RMB 14850 per tonne and RMB 14880 per tonne. Their average prices are expected to range within RMB 14830-14870 per tonne and RMB 14870-14890 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14900 per tonne and RMB 14865 per tonne, down RMB 30 per tonne and RMB 25 per tonne. Aluminium ingot prices in Tianjin, Linyi and Gongyi have dropped to stand at RMB 14870 per tonne, RMB 14890 per tonne, and RMB...
Three-month LME aluminium shed 1.11 per cent to settle at US$ 1,822 per tonne on Monday, after hitting its lowest in more than two weeks at US$ 1,821.5 per tonne earlier in the session. It is likely to fluctuate between US$ 1,810-1,850 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 6.5 per tonne from US$ 1829 per tonne to US$ 1822.50 per tonne, as of Monday, October 26. 3-months bid price and 3-months offer price stood at US$ 1837.50 per tonne, down by US$ 5 per tonne from US$ 1842.50 per tonne on October 23. Dec 21 bid price and Dec 21 offer price declined from US$ 1895.50 per tonne to US$ 1890.50 per tonne. The LME aluminium opening stock hovered at 1473900 tonnes. Live Warrants stood at 1216650 tonnes, while Cancelled Warrants at...
On 22 nd October’20, Brian Hesse, President and CEO, Rusal America Corporation, said: “Rusal America Corp has secured ‘green’ aluminium supply contracts with two separate Mexican downstream manufacturers, with one being the ‘greenest’ slab contract ever signed in North America.” “Mexican manufacturers are leading the green aluminium charge in North America, realizing that consumers will start demanding it”, he said. Rusal America has already signed contracts for its low-carbon allow brand with two different Mexican downstream aluminium producers for aluminium billet and slab. Hesse said: “Neither of those contracts includes an additional ‘green’ premium on top of the value-added premiums outlined in the deals.” Lord Gregory Barker, En+ Group Chairman in June’20 said: “Green premium was...
According to the International Aluminium Institute data, East & Central Europe produced 338,000 tonnes of primary aluminium in September 2020 compared with 349,000 tonnes in August. This means the production in East & Central Europe shrank by 11,000 tonnes or 3.15 per cent month-on-month in September 2020. On a year-on-basis, the production in September 2020 stood down by 6,000 tonnes or 1.74 per cent from 344,000 tonnes. In the third quarter of 2020, primary aluminium production in East & Central Europe came in at 1.03 million tonnes, flat quarter-on-quarter but down by 2.83 per cent from 1.06 million tonnes in Q3 2019. Total primary aluminium production in East & Central Europe during the first nine months of 2020 stood at 3.11 million tonnes, slightly up from 3.10 million tonnes during...
Three-month LME aluminium declined 0.3% to close at US$1,842.5 per tonne on last Friday, with open interest rising to 747,000 lots. SMM expects the contract to trade between US$1,830-1,870 per tonne today. As of Friday October 23, LME aluminium cash (bid) price stands at US$ 1829 per tonne, LME official settlement price stands at US$ 1829 per tonne; 3-months bid price stands at US$ 1842.50 per tonne, 3-months offer price is US$ 1842.50per tonne; Dec 21 bid price stands at US$ 1895.50per tonne, and Dec 21 offer price stands at US$ 1895.50per tonne. The LME aluminium opening stock stood at 1479075 tonnes. Live Warrants totalled 1258250 tonnes, and Cancelled Warrants were 220825 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1843 per tonne. SHFE Aluminium Price Trend...
P&G Beauty has announced the launch of its latest packaging innovation across its brands Head & Shoulders, Pantene, Herbal Essences and Aussie. The company will introduce a refill system for their shampoo, thanks to a new reusable 100% aluminium bottle and recyclable refill pouch. The company is set to reduce virgin plastic usage by 50% in shampoos and conditioners bottles by the end of 2021. Speaking at the Reuters Responsible Business Summit, Artur Litarowicz, Senior Vice President and General Manager of Haircare for P&G Europe said; “We need to start turning the tide on the plastic waste crisis and there is no time to waste when it comes to protecting our planet. That is why I’m thrilled to announce a new packaging innovation called the ‘good refill system’. This will allow consumers...
According to the data released by the Shanghai Metals Market, China’s secondary aluminium producers’ operating rates increased by 6.6 percentage points month-on-month in September to stand at 59.6 per cent. In August 2020, China’s secondary aluminium operating rates were 53.1 per cent gaining 2.8 percentage points over the month. However, despite the significant growth month-on-month, secondary aluminium producers operating rates in September stood down over the year by 1.1 percentage points. Imports of aluminium scrap into China decreased due to lesser quotas and also the output of domestic scrap aluminium amid the COVID-19 pandemic. Meanwhile, arrivals of imported aluminium alloy ingots decreased too in September as the arbitrage window was closed in early August. Demand, however,...
Aluminium Bahrain (Alba) said the construction is in full swing at the company’s Spent Pot Lining (SPL) Treatment Plant, the first of its kind in the GCC and Middle East. The company said officials from Alba, Supreme Council for Environment (SCE), and Ministry of Industry, Commerce, and Tourism (MOICT) paid an inspection visit to the construction site. Alba’s CEO, Mr. Ali Al Baqali said: “The Spent Pot Lining Plant construction is in full swing and we are pleased with the progress we have achieved so far as that will bring us closer to realise our vision in setting the benchmark in terms of sustainability and waste management. I take the opportunity to thank MOICT for their continuous support in this journey and SCE for helping us to address one of the key environmental issues for our...
In the 21st century, Vietnam is in a period of being integrated into the global economy. Almost all Vietnamese enterprises are small and medium enterprises (SMEs). The government has targeted a 2 to 2.5% economic growth for 2020 with an aim of 6.5% in 2021. The latest figures from the Ministry of Planning and Investment (MPI) give an overview of Vietnam's performance in the first nine months of 2020. The Southeast Asian nation’s import of aluminium scrap during 2018-19 was recorded at 63,249 tonnes and the expenditure occurred during the import remained at $33.28 million. The import for 2020 has been expected to reach at 63,829 tonnes and the expenditure to stand at $34.54 million; when the import volume and expenditure of the preceding two years gets assorted, it reflects 127,078 tonnes...
