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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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...
Hopes gradually appear to grow for the Tiwai Point aluminium smelter to remain open for another three to five years. However, the major stakeholder Rio Tinto declared in July’20 that it would shut down the Tiwai Aluminium smelter by August 2021 provided its high energy costs and a challenging outlook for the aluminium industry. The Southland leaders and present ruling Government have to fit in the shoes to try and keep Tiwai aluminium smelter open for a longer period, otherwise, 1000 jobs would be lost, another 1600 indirect jobs would be at risk and the economy would take a massive blow. A spokesman for finance minister Grant Robertson said: “This week a priority of the new Government was to reach an agreement with Rio Tinto that would result in the plant staying open for three to five...
Three-month LME aluminium slid 0.97% to settle at US$1,845.5 per tonne on Monday. The contract is expected to trade between US$1,830-1,870 per tonne today. As of Monday October 19, LME aluminium cash (bid) price stands at US$ 1848 per tonne, LME official settlement price stands at US$ 1848 per tonne; 3-months bid price stands at US$ 1859 per tonne, 3-months offer price is US$ 1859 per tonne; Dec 21 bid price stands at US$ 1911 per tonne, and Dec 21 offer price stands at US$ 1911 per tonne. The LME aluminium opening stock stood at 1406550 tonnes. Live Warrants totalled 1174175 tonnes, and Cancelled Warrants were 232375 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1863.59per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at...
Vedanta Limited has again reduced its aluminium ingot and aluminium product prices with effect from Tuesday, October 20, following a hike of INR 3,500 per tonne on October 17. With the latest cut, the price of Vedanta’s aluminium ingot has come in at INR 154,250-167,250 per tonne, down by INR 1,250 per tonne or nearly 1 per cent from INR 155,500-168,500 per tonne. Vedanta’s aluminium billet price is now at INR 162,250 per tonne after being reduced by INR 1,250 per tonne from INR 163,500 per tonne. The price of the company’s aluminium wire rod is also down by the same amount to INR 161,750-169,250 per tonne versus INR 163,000-170,500 per tonne on October 17. Like any other Indian aluminium producers, Vedanta generally links its aluminium product prices to the three-month futures of...
Albras, the largest producer of primary aluminium in Brazil, has joined Aluminium Stewardship Initiative as a new Production & Transformation member. This brings the total number of ASI Members working toward a responsible aluminium value chain to 136. Albras produces liquid metal, P1020 aluminium alloy ingots, PFA (Primary Foundry Alloy or Primary Aluminium Alloy), P0610, P1015 and Bus bars. Hydro is the company’s main shareholder, with 51% of the shares in this joint venture. The other shareholder is NAAC – Nippon Amazon Aluminum Co. Ltd., formed by a consortium of Japanese companies, trading companies, consumers and manufacturers of aluminium products. “ASI (Aluminum Stewardship Initiative) certification is a big step towards strengthening Albras’ position in the world market. Albras’...
The average alumina spot price in China has declined by RMB 14 per tonne to stand at RMB 2,306 per tonne on Tuesday, October 20, following a restraint at RMB 2,320 per tonne from October 14 to 19, according to the Shanghai Metals Market. In Shandong, the price has decreased by RMB 35 per tonne to RMB 2,285 per tonne, while that in Henan and Shanxi has contracted by RMB 20 per tonne and RMB 10 per tonne to come in at RMB 2,300 per tonne. In Guizhou and Guangxi, the average alumina spot price has continued to be at RMB 2,345 per tonne. The imported alumina price has dipped as well by RMB 10 per tonne to stand at RMB 2,330 per tonne. However, the price of Australian Alumina FOB has remained muted at US$ 277 per tonne. Backed on the decline in alumina spot price, the price of A00 aluminium...
The US Department of Commerce recently declared that punitive tariffs will be imposed on producers of rolled aluminium from 18 countries. The tariffs mainly go from a few percent to up to 50%. However, for Hydro Aluminum Rolled Products GmbH, a wholly-owned German subsidiary of Norsk Hydro, the rate will be 352.71%. As per one Hydro’s official: “Hydro's German factories are subject to sky-high penalties - Unreasonable and unfounded.” The reason for the punitive duty is that Hydro and the other companies are accused of dumping aluminium for billions of Norwegian kroner in the American market. Halvor Molland, Senior Vice-President Communication, Norsk Hydro, said: “We believe this is an unreasonable and unfounded decision.”
Mining company South32 reported alumina production of 1.315 million tonnes in Q1 FY21, compared to 1.358 million tonnes in Q4 FY20. That was down 3 per cent quarter-on-quarter. Alumina production was up 1 per cent year-on-year. Worsley Alumina saleable alumina production decreased by 5% quarter-on-quarter to 963,000 tonnes in the September 2020 quarter as a scheduled calciner shut was completed. Hydrate production rose by 4% to 1.010 million tonnes with the hydrate circuit operating at a record annualised rate of 4.65mtpa (100% basis). Alumina production was up 1 per cent year-on-year. “FY21 production guidance remains unchanged at 3,965kt with the refinery on track to sustainably achieve nameplate capacity,” South32 said. “Our priority remains keeping our people safe and well,...
Increasing bauxite imports in India has caused an estimated forex loss of over $400 million in the last five years and missed opportunities to generate mass scale employment, a recent report found. This is despite India having the world’s fifth-largest coal and bauxite reserves, which are the two important raw materials for aluminium production. India is also the world's third-largest producer and consumer of aluminium with domestic demand to expectedly expand from 4 million tonnes per annum to 12 million tonnes per annum by 2030. Keeping this estimated aluminium demand growth in mind, a multi-fold increase in bauxite production from current levels of 20-22 million tonnes to 72 million tonnes per year is needed to meet the domestic requirement. Experts suggest bauxite mining creates...
China Customs data released that the country’s unwrought aluminium and aluminium semis exports in September 2020 stood at 426,000 tonnes, up by 7.7 per cent from 395,424 tonnes in August but down by 2.1 per cent from 435,000 tonnes during the same period last year. After the addition of September data, China’s total unwrought aluminium and aluminium semis exports in the first nine months of 2020 stood at 3.56 million tonnes, 18.6 per cent lower than 4.37 million tonnes in a year ago. Slight fall in SHFE aluminium price compared to LME and restocking by overseas buyers ahead of the Chinese National Day holidays attributed to the month-on-month increase in China’s aluminium exports. But on a year-on-year basis, the export extended its decline as the COVID-19 impacts continued to hurt...
Diageo has announced the launch of two new cocktails- Gordon’s Pink Martini and Smirnoff Passion Fruit Martini. The company has expanded its ready-to-drink (RTD) cocktail portfolio with this new range. Both the cocktails are packaged in 100% recyclable aluminium cans. Gordon’s Pink Martini comes with an ABV of 5%. This range combines Gordon’s pink gin with raspberry juice and natural berry flavours. Smirnoff Passion Fruit Martini, which also comes with an ABV of 5%, mixes Smirnoff No. 21 Premium Vodka with passion fruit juice and natural fruit and vanilla flavourings, reported foodbev.com. Anita Robinson, GB marketing director of Diageo said, “At Diageo, we are continuously researching and innovating to meet the ever-evolving demands of our customers and consumers,” said Anita Robinson,...
According to the US Geological Survey data for July 2020, India’s aluminium crude metal and alloys exports to the US increased by 127 per cent month-on-month. From 5,150 tonnes in June, India’s exports jumped to 11,700 tonnes in July, shows the data. In May, India’s aluminium crude metal and alloys exports to the US fell sharply by 81 per cent month-on-month from 23,000 tonnes to 4,380 tonnes. However, from June the exports started hiking by 17.58 per cent M-o-M. Year-on-year, India’s aluminium crude metal and alloys exports to the US recorded a hike of 84 per cent from 6,360 tonnes. In the first seven months of the year, India’s total aluminium crude metal and alloys exports to the US stood at 73,000 tonnes, down by 34.23 per cent from 111,000 tonnes during the same period last year....
China’s aluminium production increased 7.9% from a year earlier as prices recovered and new smelters came online. The daily output also reached a record high of 105,333 tonnes last month. Aluminium production came in at 3.16 million tonnes in September, according to the National Bureau of Statistics. The output was down month-on-month. China had produced 3.171 million tonnes of aluminium in August. In January-September, aluminium production in China amounted to 27.45 million tonnes, an increase of 2.8% from a year earlier. 375,000 tonnes of new annual capacity came on stream in September and a further 160,000 tonnes of capacity restarted, according to research house Antaike. “(September production rose) due to the ramp up of new capacities in Yunnan and Sichuan,” said CRU analyst Wan...
The economy of Chile is a market economy and high-income economy as ranked by the World Bank, and is considered one of South America's most prosperous nations. According to IMF estimates, inflation reached 2.3% in 2019 and is expected to slightly increase to 3.4% in 2020 and 2.9% in 2021; this means that despite the COVID-19 pandemic Chile's Central Bank target of 3% of inflation is still met. The South American nation’s aluminium cans import during 2018-19 has been recorded at 3674 tonnes and expenditure stood at $39.04 million. The projected import for 2020 is analysed at 957 tonnes and expenditure is expected to rise and remain at $22.11 million, however, when the import and expenditure get added with previous two months, it demonstrates 4631 tonnes and $61.15 million respectively. In...
SMM aluminium ingot price recorded an increase after two days of drop. The price climbed by RMB 110 per tonne to stand at RMB 15060 per tonne on Monday, 19 October 2020, from Friday price of RMB 14950 per tonne. The price is expected to range at RMB 15040-15080 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 110 per tonne to stand at RMB 14960 per tonne and RMB 15060 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 15050 per tonne and RMB 15045 per tonne, up RMB 110 per tonne and RMB 115 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 15035 per tonne, RMB 15040 per tonne, RMB 15040 per tonne, and RMB 14940 per tonne. The aluminium alloy (ADC12) price stood at RMB 15300 per tonne on Monday,19...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on October 16. Hence, the price is now standing at INR 157,500 per tonne versus INR 154,000 per tonne on October 16. Hindalco’s aluminium wire rod price has come in at INR 168,600 per tonne with effect from October 17, also up by INR 3,500 per tonne from INR 165,100 per tonne on October 16. The price of aluminium billets is at INR 164,600 per tonne compared with INR 161,100 per tonne on Friday. Like any other Indian aluminium producers, Hindalco links the prices of its products to the three-month...
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum, has assigned the US-based company Bechtel an engineering consultant contract for the former's seventh production line project. The main purpose of the project is to increase Egyptalum's production of aluminium, with Bechtel being highly qualified in managing aluminium smelters projects. An official of Egyptalum said: “Based on the selection, the company will start implementing the project before the end of 2020. In a two-stage process, Egyptalum aims to increase its production of primary aluminium by 250,000 tonnes per year using modern technology.” Egyptalum said that a session in which the technical bids were opened was held according to the date set for the public tender that had previously been...
Three-month LME aluminium stood at US$ 1,872.5 per tonne on Friday, October 16, the highest since April 2020, before paring some gains to end 0.49 per cent higher at US$ 1,863.5 per tonne. It is expected to move between US$ 1,840-1,880 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price jumped from US$ 1824 per tonne to US$ 1865.50 per tonne, as of Friday, October 16, after two consecutive downfalls on the previous two days. 3-months bid price and 3-months offer price stood at US$ 1863.50 per tonne, up by US$ 24 per tonne from US$ 1839.50 per tonne on October 15. Dec 21 bid price and Dec 21 offer price increased from US$ 1896 per tonne to US$ 1910 per tonne. The LME aluminium opening stock extended decline 1407025 tonnes to 1406575 tonnes. Live Warrants...
