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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Tunisia’s largest company “Tunisie Profilés Aluminum”, a specialized manufacturer of aluminium alloy profiles has announced its third-quarter’20 results, which reflects an overall revenue rise by 28% and this stands at TND 44,576,567 (Tunisian Dinar) against TND 34,957,488 in the 3rd quarter of 2019. The overall turnover at 30 th September’20 is TND 95,453,914 against TND 113,622,308 for the same period of the previous year, which is a downfall by 16%, however, the downswing recorded on 30 th June’20 is 35%, when compared to 30 th June’19. At the end of the 3rd quarter of 2020, the Tunisian Aluminium company recorded an increase in domestic turnover of 30% compared to the same period of 2019 to stand at TND 33,017,811 against TND 25,446,506. Indeed, this progression made it possible to...
China’s Henan Shenhuo Group is expected to start production at the second phase of its 900,000 tonnes per year aluminium project by the first quarter of CY2021, said an official familiar with the matter. The second phase of the project, located in Wenshan prefecture in Yunnan province, will be having a capacity of 450,000 tonnes per annum, said Li Zhongyuan, general manager of listed unit Henan Shenhuo Coal & Power, on the sidelines of an industry conference. "The second phase of the project in Wenshan should be put into production in the first quarter of next year," Li told Reuters at the China International Aluminium Week organised by Antaike in the southwestern city of Chongqing. With the abundant resources of hydropower, Wenshan has emerged as a major centre of China’s aluminium...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for the second time in a row. With effect from Saturday, 17 October 2020, NALCO's aluminium ingots price came in at INR 157,550 – 161,050 per tonne, an increase of INR 3,400 per tonne from INR 154,150 – 157,650 per tonne on October 13. The company is selling its aluminium billets at INR 161,000- 163,650 per tonne on October 17, registering a hike of INR 3,400 per tonne from INR 157,600- 160,250 per tonne on October 13. Aluminium wire rods price stands at INR 161,050-165,400 per tonne as of October 17, from INR 162,000-157,650 per tonne on October 13. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The LME aluminium price...
The Ghana Integrated Aluminium Development Corporation (GIADEC) and Bauxite Minerals Group have entered into a memorandum of understanding (MoU) for expanding bauxite mining operations in Awaso, Ghana. The MoU will expand bauxite operation from one million tonnes to approximately 5 million tonnes of bauxite. CEO, Micheal Ansah, said, “We have signed a memorandum of understanding with our current partners in Awaso, Bauxite Minerals Group and that MOU is around expanding the bauxite mining operations from one million metric tonnes to about 5 million metric tonnes of bauxite”. “We have done so many preparation work leading to the signing of this agreement and we are talking to other investors and the inauguration of the 19-member committees in all these areas is all part of that. “We are in...
METLDEX, the first base metal futures indices from MCX, India’s largest multi-commodity exchange is going live from 19 th October’20 and is ready to reform the way prices are spotted as the indices will be traded on the real-time domestic prices. Presently, domestic metal prices are pivoted to the London Metal Exchange (LME) prices which have been a restraint to real-time price discovery. MCX said: “But with METLDEX, this is going to end. These indices will be the first tradable real-time base metals indices in the country.” METLDEX is established on base metal like Aluminium and also on other four metals like zinc, copper, nickel and lead which are traded on the MCX. On 16 th October’20, Chittaranjan Rege, Head of base metals at MCX said: "With the launch of the iComdex base metals...
StockachAlu’s remelting/refining and casting operations in Stockach, Germany have been certified against Aluminium Stewardship Initiative (ASI) Performance Standard and ASI Chain of Custody. The plant’s main outputs are rolling slabs made from recycled scrap. The facility has an annual capacity of 70000 tonnes. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder consultation process. The independent, third-party audits of the StockachAlu facility was carried out by GUTcert (AFNOR Group). Fiona Solomon, Chief Executive Officer at ASI said, “ASI congratulates StockachAlu on their Performance Standard and Chain of Custody certifications at their...
Vedanta has raised its aluminium products price today after reducing it yesterday. With effect from October, 17 October 2020, the prices of some aluminium ingots are in the range of INR 155,500-168,500 per tonne. The price recorded a hike of INR 3,500 per tonne or 2.3% from INR 152,000-165,000 per tonne on October 16 2020. Vedanta is now selling its billet at INR 163,500 per tonne on October 14. That is up INR 3,500 per tonne from INR 160,000 per tonne on October 16. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has risen by more than 1% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
Three-month LME aluminium rose 0.49 per cent on Monday, October 12, to end at US$ 1,856 per tonne. On October 13, it ended 0.16% lower at US$1,853 per tonne an shed further on October 14 to come in at US$ 1,847.5 per tonne. On October 15, however, the price strengthened 0.51% to end at US$1,854.5 per tonne. LME aluminium cash (bid) price and LME official settlement price recorded an uptrend this week during October 12-16 by US$ 36 per tonne amidst declining LME aluminium opening stock from 1422475 tonnes 1406575 tonnes. The prices started the week on Monday, October 12, at US$ 1829.50 per tonne and then grew to INR 1841 per tonne on Tuesday, October 13. However, on October 14, both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne to stand at US$...
SMM aluminium ingot price started the week with an increase of RMB 90 per tonne and RMB 30 per tonne on Monday and Tuesday, ending the price at RMB 14940 per tonne and RMB 14970 per tonne on October 12 and October 13. The price registered a drop on Thursday and Friday. Aluminium ingot price ended RMB 10 per tonne lower at RMB 14950 per tonne on Friday, from Thursday’s closing of RMB 14960 per tonne. As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 tonnes from a week ago. The alumina price in China continued to remain flat over the week. The price on Wednesday, October 14,...
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne. Vedanta’s aluminium billet price is now at INR 160,000 per tonne, also down by INR 1,500 from INR 161,500 per tonne. With the latest cut, the price of Vedanta’s aluminium wire rod has come in at INR 159,500-167,000 per tonne versus INR 161,000-168,500 per tonne on October 14. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange, which dipped on October 15 from US$ 1836 per tonne to US$ 1824 per tonne but again...
Rio Tinto’s alumina production in the third quarter of 2020 was 7% higher than the same period of 2019. This was due to 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. On a quarter-on-quarter comparison, the output registered a decrease of 2%. Rio Tinto Chief Executive J-S Jacques said “ Rio Tinto has shown great resilience through challenging conditions and will continue to prioritise the health and safety of our employees, contractors and communities. The quality of our assets, coupled with our strong focus on capital discipline and value over volume approach, mean we can continue to invest in our business, support our communities, pay taxes and royalties to host...
Rio Tinto has collaborated with Geocycle Canada and Lafarge Canada for circular economy initiative. The trio will work together to reuse waste from the aluminium smelting process to make cement. Rio Tinto, Geocycle Canada and Lafarge Canada will reduce the need to extract other raw materials and create value from waste. Rio Tinto Aluminium Manager, Valorization and Marketing, Stéphane Poirier said: "This partnership shows how Rio Tinto is innovating to find new ways to reuse waste, generating value from our operations and reducing their environmental footprint. We have worked closely with Lafarge Canada and Geocycle Canada over the past two years to develop a product that meets their needs and look forward to building on this partnership." Lafarge Canada’s subsidiary Geocycle Canada and...
DADA Holdings LLC, the principal owner of New Day Aluminum, and Enervoxa, a Canadian based green technologies company, together announce a ground-breaking joint venture, ElementUS, to extract valuable rare earth elements and minerals from bauxite residue at New Day’s alumina refinery in Gramercy, Louisiana. ElementUS will deploy Enervoxa technology to separate bauxite residue into its component materials, including several rare earth elements along with iron, titanium and alumina. The refinery’s bauxite residue contains 10 of the 17 rare earth elements and 15 minerals identified as strategic and critical by the United States Defence Logistics Agency, many of which exist in unusually high concentrations. ElementUS plans to build a one million ton per year state of the art and...
On 13 th October’20, Hitachi has delivered the first of 17 train-sets for the metro line under construction in Ho Chi Minh City. Line 1 will run for 19·7 km between Ben Thanh Market in the central District 1 and Suoi Tien Theme Park in District 9 to the northeast, with 17·1 km of the route being elevated and 2·6 km underground. There will be 11 elevated and three underground stations. The metro line is constructed with Japanese Official Development Assistance funds and preferential loans. Hitachi is responsible for the supply of track, electrical and mechanical works and rolling stock under a ¥37bn contract signed in 2013, and Japanese experts are now providing staff training. In 2012, the project started and is reported to be 77% complete, however, the opening of the line is now expected...
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium producers like China Hongqiao Group to the province after the Government announced the companies would need to operate in clean-energy-rich areas to keep developing. Analyst Wang Hongfei said at the China International Aluminum Week conference in Chongqing that Antaike sees 1.88 million tonnes of capacity coming on stream in Yunnan next year, following 1.63 million tonnes of capacity in 2020. Antaike also expects 370,000 tonnes of capacity to come online in Guangxi, 550,000 tonnes in Inner Mongolia,...
Rio Tinto’s bauxite production stood at 14.459 million tonnes in the third quarter of 2020, 5% higher than the same period of 2019. “Third quarter bauxite production was 5% higher than the same period of 2019 with increased production across all sites for both the quarter and year to date, including record quarterly production at the non-managed CBG joint venture in Guinea where the ramp-up of the expansion continues to progress.” The output was down 1% quarter-on-quarter due to planned maintenance activities delayed from the first half. Bauxite production came in at 42.832 million tonnes in January-September 2020, 7% higher than the same period of 2019. The company shipped 10.1 million tonnes of bauxite to third parties in the third quarter, 3% lower than the same period of 2019 and 6%...
Robert Montague, minister of transport and mining of Jamaica, said that mining communities across the island would be able to benefit from more than $60 million allocated under the Bauxite Community Development Programme (BCDP). Speaking at the launch of Phase Seven of the programme on October 13, the minister said the 16 members of parliament in the five bauxite mining areas should move quickly submit their project plans to access the fund. 'The quicker you use the funds, it gives us 'ammunition' to engage the ministry of finance and the public service, to point out the needs of the communities, and the successes of the programme. We all have to play our part,' Montague said. He also noted at the gathering that bauxite would come to an end in 50 years; so, think of sustainable projects...
Rio Tinto announced production results for the third quarter of 2020. Aluminium production stood at 0.8 million tonnes in Q3, 1% higher than the third quarter of 2019 on stable operations across its smelter portfolio. The output was up by 2% quarter-on-quarter. “Our aluminium business continues to demonstrate operational stability and performance across the supply chain, despite the continued impact of COVID-19. The Becancour smelter in Quebec, Canada is operating close to full capacity and good progress has been made on the pot relining at the Kitimat smelter in British Columbia, Canada,” Rio Tinto said. In the nine months period, aluminium production stood at 2.365 million tonnes, down 1% year-on-year. The company increased the proportion of primary metal being produced as VAP to 45% of...
