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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In its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, the Italian government has approved a new stimulus package. Roberto Gualtieri, Minister of Finance and Economy communicated over social media handle by saying: “Expansionary measures in 2021 will total more than 39 billion euros ($45.70 billion), including some 15 billion euros of grants from the European Union's Recovery Fund.” Italy’s import of aluminium powder and flakes during 2018-19 has been recorded at 2970 tonnes and the expenditure incurred remained at $13.08 million. The evaluated import for 2020 has been marked at 1017 tonnes and expenditure to stand at $4.80 million; when the import volume and expenditure of the existing two years gets added it signifies 3987 tonnes and $17.88...
The Aluminium Stewardship Initiative has recently announced that Thai Beverage Can Limited has joined ASI as a new Production & Transformation member. This brings the total number of ASI members to 138. Thai Beverage Can Limited (TBC) is a Thai-American joint venture company between Berli Jucker Public Company Limited, Standard Can Company Limited, and Ball Corporation of USA. The company manufactures two-piece aluminium cans and ends for beverages and beer, using advanced technology of Ball Corporation, the world’s leading provider of metal packaging for beverages, food and household products. As a member of the Aluminium Stewardship Initiative, Thai Beverage Can Limited is now committed to achieving ASI Certification to support responsible practices in the aluminium value chain, said...
Hydro has signed an agreement with Lyse for the establishment of new hydropower company. The new company called Lyse Kraft DA will have a normal annual power production capacity of 9.5 TWh, of which Hydro will own 25.6% and Lyse 74.4%. “This is a great day for the future of Norwegian renewable-based industry. The agreement is strategically important for Hydro, as it secures the value of our RSK hydropower assets and contributes to predictability for further industrial development in Norway,” says Hydro President & CEO Hilde Merete Aasheim. The new company includes Hydro’s hydropower assets Røldal-Suldal Kraft (RSK) and the majority of Lyse’s power production portfolio. The transaction is in line with Hydro’s strategy to strengthen its position in low-carbon aluminium and grow in the...
The latest data released by the International Aluminium Institute for September 2020 shows the world primary aluminium production stood at 5.42 million tonnes, down by 1.81 per cent from 5.52 million tonnes in August 2020. However, on a year-on-year basis, the output grew by 4.03 per cent from 5.21 million tonnes. Total primary aluminium production from January to September 2020 came in at 48.61 million tonnes versus 47.61 million tonnes during the same period last year. This means the world primary aluminium production during the first nine months of 2020 stood higher by 1 million tonnes or 2.1 per cent year-on-year. In China, primary aluminium production in September 2020 stood at 3.15 million tonnes, lower by 1 per cent than 3.18 million tonnes in August 2020 but 8.25 per cent higher...
Vedanta has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the prices of some aluminium ingots are in the range of INR 152,250-165,250 per tonne, a decline of INR 2,000 per tonne or 1.3% from INR 154,250-167,250 per tonne on October 20. Vedanta is now selling its billet at INR 160,250 per tonne on October 21. That is down INR 2,000 per tonne from INR 162,250 per tonne on October 20. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The contract on LME has risen by nearly 3% 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...
A00 aluminium ingot price has edged lower by RMB 70 per tonne to stand at RMB 14890 per tonne on Wednesday, 21 October 2020, from its previous price of RMB 14960 per tonne on October 20. This marks the second consecutive drop in aluminium price. The price is expected to range at RMB 14870-14910 per tonne. In Foshan and Wuxi, the price has decreased by RMB 10 per tonne and RMB 30 per tonne to stand at RMB 14880 per tonne and RMB 14910 per tonne. Their average prices are expected to range within RMB 14860-14900 per tonne and RMB 14890-14930 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14930 per tonne and RMB 14815 per tonne, down RMB 15 per tonne and RMB 115 per tonne. Aluminium ingot prices in Shenyang, Tianjin, and Gongyi have dropped to stand at RMB 14855 per tonne,...
Three-month LME aluminium weakened 0.33 per cent to end at US$ 1,839.5 per tonne on Tuesday, October 20, and is likely to fluctuate between US$ 1,820-1,860 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second consecutive day from US$ 1848 per tonne to US$ 1826 per tonne, as of Tuesday, October 20. 3-months bid price and 3-months offer price stood at US$ 1844 per tonne, down by US$ 15 per tonne from US$ 1859 per tonne on October 19. Dec 21 bid price and Dec 21 offer price declined from US$ 1911 per tonne to US$ 1902.50 per tonne. The LME aluminium opening stock increased from 1406550 tonnes to 1421500 tonnes. Live Warrants stood at 1199300 tonnes, while Cancelled Warrants at 222200 tonnes. LME aluminium 3-months Asian Reference Price...
Canyon Resources Ltd has announced that Mr Dimitri Bacopanos joined the Board of as a Non-Executive Director. Mr Bacopanos’ appointment follows the completion of the successful A$10 million equity placement by the Company, including completion of the A$5.6m investment in Canyon by interests associated with Peter Su. Mr Bacopanos has been nominated as a director by Mr Su, according to the subscription agreement entered into between the Company and interests associated with Mr Su as announced on ASX on 31 st August’20. Dimitri Bacopanos is a Chartered Accountant and Fellow of the Securities Institute of Australia with more than thirty years of experience in a wide range of industries, geographies and roles. He was previously an Executive Director with Ernst & Young in their Transaction...
JDE Peet’s has planned to expand production capacity of aluminium coffee capsule to meet the increased consumer demand. The company will install new high-speed aluminium coffee capsule production lines with an investment of EUR 110 million. JDE Peet’s will invest over the coming 18 months beginning with new lines in Andrézieux, France. The investment will increase the company’s capsule production capacity by 60%. Andrézieux factory produces more than 400 different types of coffee and recently celebrated the production of its 10 billionth aluminium coffee capsule. “The total Single Serve coffee category has seen tremendous growth, a trend that is expected to continue, with aluminium coffee capsules serving as a strong driver,” said Fabien Simon, CEO of JDE Peet’s. “We were the first to...
Rio Tinto expects its 2020 shipment outlook for Alumina to improve by 0.2 million tonnes to between 13.8 to 13.9 million tonnes on improved production levels. In the fourth quarter of 2020, the company expects lower sequential quarterly results primarily from higher energy costs and a change in the mix of customer shipments in the Alumina segment. Rio Tinto’s alumina production in the third quarter of 2020 was 7% higher than the same period of 2019 on higher production at both Pacific refineries, considering a planned major shutdown at Yarwun during the quarter. Alumina production stood at 1.954 million tonnes in Q3. The 2020 shipment outlook for Bauxite and Aluminum remain unchanged from the prior full-year estimates. Total annual bauxite shipments are expected to range between 48.0 and...
Yunnan Yongshun Aluminium Co., Ltd. has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 137. Yunnan Yongshun Aluminium Co., Ltd. is a company jointly funded by Yongxin Aluminium Co., Ltd. of Yunnan Aluminium Group and Xiamen Xiashun Aluminium Foil Co., Ltd. The designed production capacity of the 1st phase project is 150 thousand tons of mid-to-high end aluminium alloy flat ingot annually. Yongshun Co., Ltd. was established on Feb. 8th, 2018. The company started producing on Dec. 31st 2019 and the 1st batch of aluminium ingots were produced on Jan 1st, 2020. “Yunnan Yongshun Aluminium Co., Ltd. focuses on producing high-end aluminium flat alloy ingots by directly making use of electrolysis liquid, We...
On 19 th October’20, Sanjeev Gupta, Executive Chairman and CEO of GFG Alliance in the London Metals Exchange (LME) Seminar, said: “GFG Alliance plans to boost its aluminium production capacity to at least 1 million tonnes/year within the next two years via acquisitions” “This would be up from the group's current capacity of almost 600,000 tonnes/year of aluminium production”, Gupta told delegates at the virtual event. He said: "We're targeting more acquisitions. Aluminium will play a vital role in the transition to a sustainable world, by reducing the weight in electric cars, for example, we see growing demand ahead." The GFG Alliance Chief did not comment on whether further expansions might occur but revealed they would be in Europe. GFG's current aluminium production capacity is focused...
On 20 th October’20, The International Aluminium Institute (IAI) released global aluminium recycling data. According to figures from the IAI, recycling of just one aluminium can conserve enough energy to recharge up to 20 mobile phones, while global aluminium recycling saves enough energy every year to power the whole of France. Marlen Bertram, IAI’s Director - Product Stewardship, commented on the recycling data: “Aluminium is one of the most recycled materials on earth. Today, the global recycling efficiency rate is 76%. High recycling rates in all regions underline the economic and environmental value of aluminium scrap. With comprehensive statistical data and pioneering material flow analysis, the IAI can track scrap globally from source to consumer by-product, quality, form and...
AMAG has recently received the ASI Chain of Custody Standard Certification for its comprehensive sustainability activities towards the supply chain of the aluminium industry. This certification from the Aluminium Stewardship Initiative plays a crucial role for the assurance of transparency and quality. Since 2018 after receiving ASI certification against the Performance Standard, AMAG has been guaranteeing compliance with strict environmental, social, and governance criteria. AMAG’s strategic focus is always on innovative special products and sustainability. The current ASI Chain of Custody Standard Certification is taking AMAG’s sustainability activities up to another level. The company is extending its efforts beyond the confines of the Ranshofen site. With the involvement of the whole...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices by INR 1,250 per tonne with effect from Tuesday, October 20, following a sharp hike of INR 3,500 per tonne on Saturday, October 17. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 156,250 per tonne from INR 157,500 per tonne on October 17. Hindalco’s aluminium wire rod price is now standing at INR 167,350 per tonne, also lower by INR 1,250 per tonne than INR 167,350 per tonne on the previous day. The company’s aluminium billet price is being cut from INR 164,600 per tonne to INR 163,350 per tonne. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which on October 19 declined from US$ 1865.50 per tonne to...
Oman is heavily dependent on oil and gas resources, which generates between and 68% and 85% of government revenue, depending on fluctuations in commodity prices. The key components of the government's diversification strategy are tourism, shipping and logistics, mining, manufacturing, and aquaculture. Oman's economy is expected to contract in 2020 due to the oil price slide and the COVID-19 public health response. An increase in gas output and infrastructure spending plans will help growth recover over 2021-22. Rigid recurrent spending will keep public debt high, estimated to exceed 70% of GDP in 2020 and beyond. The gulf nation’s export of aluminium scrap during 2018-19 has been recorded at 30,329 tonnes and the revenue generated through this export remained at $30.82 million. The export...
South32 Ltd reported a 1% quarter-on-quarter rise in aluminium production in the September quarter. Aluminium production stood at 248,000 tonnes in 1Q21, from 245,000 tonnes in 4Q20. The output remained unchanged year-on-year. Hillside Aluminium saleable production increased by 1% quarter-on-quarter to 180,000 in the September 2020 quarter as the smelter continued to test its maximum technical capacity, despite the impact from load-shedding. The output was down 1% year-on-year. The production guidance remains unchanged at 720,000 tonnes for FY21. Mozal Aluminium saleable production increased by 1% quarter-on-quarter to 68,000 tonnes in the September 2020 quarter as the smelter continued to test its maximum technical capacity, despite the impact from load-shedding. The output was also up...
Bharat Aluminium Company (BALCO) has been recently recognised as one the Best Brands in 2020 by The Economic Times. BALCO is seen as a national leader in aluminium production and well-acknowledged for its consumer trust and quality. So, this prestigious recognition is to celebrate BALCO’s unparalleled value as a brand, its innovativeness, and the ability to deliver the best quality products and services to consumers and channel partners. The conferring of this recognition also represents the strong positioning of BALCO’s reputation in the ever-challenging business environment. BALCO is owned 49 per cent by the Government of India and 51 per cent by Vedanta Limited. BALCO with its world-class smelter and power plants fulfils its mission of spurring emerging applications of Aluminium as the...
