Futures: SHFE aluminium closed at RMB 23,170 per tonne in the daytime session (down 0.22 per cent), moving sideways. Prices barely held above the MA5 (23,111) but were capped by the MA10 (23,199) and MA30 (23,352), with the bearish alignment of moving averages unchanged. The MACD formed a golden cross below the zero axis (DIF -132.31, DEA -150.30), with the red histogram expanding to 35.98, but trading volume shrank sharply to 43,600 lots, and the volume-price divergence limited the rebound height. The core trading range for SHFE aluminium is suggested at 22,900-23,400. LME aluminium closed at USD 3,082 per tonne (up 0.31 per cent). Prices held above the MA5 (3,063.8), MA10 (3,072.5), and MA30 (3,068.4), but remained capped by the MA60 (3,166.4), in a weak recovery phase within the...
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...
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International Bauxite, Alumina & Aluminium Society (IBAAS) is organising a webinar on some important topics of the aluminium industry in collaboration with Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC). The webinar will take place on November 4-6, 2020, on topics including bauxite, alumina, aluminium smelters, and downstream industry. IBAAS has formulated a world-class programme for this webinar by inviting leading international experts to share their views and knowledge. Speakers are selected from Aluminium Stewardship Initiative (ASI), Hindalco, International Aluminium Institute (IAI), Vimetco, AKW, Worley, Metso, Outotec, Tokai Cobex, OSIsoft, Rain Carbon, and some leading aluminium downstream companies of India. OSIsoft and Reel Alesa are currently the two...
Iconic Czech mineral water company Mattoni is now offering mineral water in refundable cans. This is the first in the 150-year history of the company, Mattoni product sold in aluminium can. The scheme is available through online Czech supermarket Košík.cz and follows a similar system to their PET water bottles. Since January this year, Košík has been selling Mattoni mineral water in refundable PET bottles. Through the new program, half-litre cans of Mattoni's lemon-flavoured sparkling water can be purchased on Košík.cz for 19.90 CZK, and it comes with an additional 3 CZK deposit. The cans may later be returned through a Košík.cz pickup, with customers refunded the 3 CZK deposit. Alessandro Pasquale, CEO, Mattoni said: "Our goal is for significantly more cans to be recycled in the Czech...
Sanjeev Gupta led GFG Alliance appoints a former first Minister of Wales among the other members of a new global advisory board established by the organisation. The board has been appointed following the consolidation of GFG's businesses into three brands: Alvance Aluminium Group, Liberty Steel Group, and SIMEC Energy Group. Carwyn Jones, former First Minister of Wales, among the 17 experts assembled for the advisory board from the fields of industry, politics, economics and law. The board will help to structure GFG Alliance's strategy to transform industrial manufacturing and become carbon neutral by 2030. The board will be divided into five regional sub-groups – reflecting GFG Alliance’s key markets in Australia, India, continental Europe, the UK and the Americas - which will meet four...
Vedanta Limited has continued to increase its aluminium ingot and aluminium product prices pursuant to the incessant surge in global aluminium benchmark price on the London Metals Exchange. With effect from Tuesday, October 13, Vedanta has hiked its aluminium ingot price again by INR 1,500 per tonne from INR 150,500 - 163,500 per tonne to INR 152,000-165,000 per tonne. Vedanta’s aluminium billet price has come in at INR 160,000 per tonne, also up by INR 1,500 per tonne from INR 158,500 per tonne on October 10. After the surge, the company’s aluminium wire rod price is hovering at INR 159,500-167,000 per tonne versus INR 158,000 – 165,500 per tonne on October 10. Like any other Indian aluminium producers, Vedanta Limited generally links prices of its aluminium products to the three-month...
According to the latest data revealed by the Shanghai Metals Market, China’s alumina production in September 2020 stood at 5.91 million tonnes, including 5.7 million tonnes of metallurgical-grade alumina. This marked a downfall of 1.04 per cent from 5.76 million tonnes of metallurgical-grade alumina output in August 2020. However, the daily average output stood up by 2.29 per cent month-on-month from 185,700 tonnes to 189,000 tonnes in September. On a year-on-year basis, the daily output was up by 5.56 per cent. The resumption of new capacities in southwest China and stable operating rates at northern refineries accounted for the rise in China’s daily average alumina output. The total production of metallurgical-grade alumina over the first nine months of the year amounted to 49.79...
According to a Reuters report, the European Union on Tuesday said it will impose tariffs on Chinese aluminium extrusion midway through an investigation into whether manufacturers from China are selling at unfairly low prices. The duties will range from 30.4 to 48.0% and will apply from Wednesday. The EU will apply the tariffs until the investigation’s expected completion by April. Guangdong Haomei New Materials Co Ltd 002988.SZ and Guangdong King Metal Light Alloy Technology Co Ltd will see charge of 30.4% each. The tariff will be of 38.2% for Press Metal International Ltd. Other “cooperating” companies will see duties of 34.9% and material from all other companies will see tariffs of 48%. In February, the European Commission started an investigation into the product widely used in...
The Australian Securities Exchange, ASX, has a small but thriving defence sector that is rolling out some impressive technology into larger potential markets; in reality, it means export success. The most venerable of the ASX’s defence stocks are the remarkable flourishing of Perth-based aluminium shipbuilding giant Austal, from its earlier days making aluminium dinghies in the late 1980s, has grown to become the global leader as an aluminium shipbuilder. It has a feather on its crown as Australia’s largest defence exporter, and the only foreign-owned prime contractor to have designed and built ships for the US Navy. Austal has built 300 plus vessels for more than 100 commercial and defence operators, spread across 54 countries in the last 30 years. The company’s order booking value is...
China’s primary aluminium production continued to grow by 7.68 per cent year-on-year in September 2020 to stand at 3.11 million tonnes, found the Shanghai Metals Market survey. But when compared to the month earlier, the output of September stood down by 2.51 per cent from 3.19 million tonnes. As of the end of September, China's primary aluminium capacity in operation was 38.16 million tonnes among the existing capacity of 43.28 million tonnes. The production capacity in operation was up by 15.05 per cent month-on-month from 37.62 million tonnes, while operating rates were down from 88.6 per cent to 88.2 per cent. However, the daily average primary aluminium output rose by 800 tonnes from 103,000 tonnes in August to 103,800 tonnes in September, attributing to the new capacities coming...
Hindalco has further increased its aluminium product and aluminium ingot prices with effect from Tuesday, October 13, in line with the incessant surge in global aluminium benchmark price on the London Metal Exchange. This marks the fifth consecutive hike in Hindalco’s aluminium prices. With effect from October 13, Hindalco’s aluminium wire rod price has come in at INR 165,350 per tonne, up by INR 1,750 per tonne from INR 163,600 per tonne. The increase in Hindalco’s aluminium wire rod price has expanded by INR 250 per tonne compared to the hike by INR 1500 per tonne on October 10. The company’s aluminium billet price is now at INR 161,350 per tonne after being surged by INR 1,750 per tonne from INR 159,600 per tonne. The price of Hindalco's aluminium ingot is hovering at INR 154,250 per...
The United Arab Emirates exports of crude metals and alloys to the US stood at 7,350 tonnes in July 2020, a decrease of 72% or 18,850 tonnes year-on-year. The UAE had exported 26,200 tonnes to the US in July 2019, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports increased by 17% or 1,080 tonnes from 6,270 tonnes. Compared with May, the UAE’s exports of crude metal and alloys to the US stood 73% lower from 27,200 tonnes. In the first seven months of 2020, the UAE’s export of crude metals and alloys stood 33% lower year-on-year. The UAE exported 185,000 tonnes in January-July 2020, from 277,000 tonnes in January-July 2019. The UAE exported 7,540 tonnes of total aluminium to the USA in July 2020, from 26,400 tonnes...
The economy of Japan is a highly developed free-market economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). However, the Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic, as the economy saw gross domestic product fall 7.8% in April-June’20 from the previous quarter or 27.8% on an annualised basis. In contrary, the East Asian Island nation’s export of aluminium tubes and pipes reveals a good rise during 2018-20. The export during 2018-19 has been recorded at 4357 tonnes and the revenue generated on the export stood at $41.07 million. The projected export for 2020 has been analysed to reach at 4432 tonnes and earnings to remain at $42.81 million; when the export volume and...
India’s first spring water beverage Responsible Whatr sold 1 lakh aluminium cans over a period of the first 4 months via online and offline channels. The company now aims to expand in Gujarat, Tamil Nadu, Uttarakhand, Rajasthan, Punjab and Goa by the next quarter to meet rising demand. "With every can sold we are replacing a plastic bottle with a more sustainable option. We grew by almost 300 per cent on a month-on-month basis in July, and then the next two months we grew about 100 per cent and 150 per cent. The demand is holding really well from the B2C market. In these tough times, we managed to clock 1 lakh orders of our cans over a period of the first 4 months. We hope to make more impact on the society with many people opting for sustainable solutions in their daily lives," said...
Jindal Aluminium official has pointed out that China’s aluminium flat rolled products exports to India, resulting in reducing prices, is taking a severe toll on domestic downstream MSME producers. Hence, the company has urged the government to remove import duty on primary aluminium to encourage domestic value addition and help the survival of downstream aluminium MSME producers. Jindal has also noted that demand for downstream aluminium in India is reviving after the COVID-19 pandemic impact. In late August, the company anticipated the defence and aerospace sector to become more potential in the near future, pushing up the demand for aluminium products. Jindal Aluminium is India’s largest aluminium extrusion company having control over 30 per cent of the market share. It is also the...
SMM aluminium ingot prices recorded a rise of RMB 30 per tonne from Monday. The price rose from RMB14940 per tonne to RMB14970 per tonne. This marked the third consecutive hikes in a row. The average price is likely to range at RMB14950-14990 per tonne. In Foshan and Gongyi, the price rose by RMB 20 per tonne and RMB 10 per tonne to stand at RMB 14850 per tonne and RMB 14810 per tonne on Tuesday, 13 October 2020. Aluminium prices in Wuxi and Chongqing came in at RMB 14970 per tonne and 14960 per tonne, up RMB 20 per tonne and RMB 120 per tonne. Aluminium ingot prices in Shenyang and Tianjin increased to stand at RMB 14945 per tonne and RMB 14910 per tonne. Aluminium Alloy (ZLD102) and Aluminium Alloy (ZLD104) rose RMB50 per tonne each to RMB15550 per tonne each on Tuesday, 13 October...
Three-month LME aluminium rose 0.49 per cent to end at US$ 1,856 per tonne on Monday, October 12, and is likely to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price increased further for the third consecutive day from US$ 1805.50 per tonne to US$ 1829.50 per tonne, as of October 12. 3-months bid price and 3-months offer price stood at US$ 1847 per tonne, up by US$ 27 per tonne from US$ 1820 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1903 per tonne. The LME aluminium opening stock increased from 1416325 tonnes to 1422475 tonnes. Live Warrants stood at 1126175 tonnes, while Cancelled Warrants at 296300 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1849.44 per tonne, as of October...
Altech Chemicals Limited aiming to become the world’s leading supplier of HPA has announced that it has received a commitment letter from State Ministry for Economic, Labour and Transport, Saxony, Germany for a grant of €7,380,000. The grant would be available to Altech towards the support of total investment for construction of a high purity alumina (HPA) plant at the Schwarze Pumpe Industrial Park, in the State of Saxony, Germany. The grant offer follows the July 2020 signing of an option to purchase agreement by Altech’s wholly-owned German subsidiary Altech Industries Germany Gmbh, for a 10-hectare industrial site in the Schwarze Pumpe Industrial Park, Saxony and a recent joint site visit to the industrial park by Altech alternate director Mr Uwe Ahrens accompanied by various Altech...
Aluminium Bahrain (Alba) on Thursday 08 October 2020 renewed its Memorandum of Understanding (MoU) with Arabian Gulf University (AGU). AGU is one of Bahrain’s leading educational institutes. The MoU was signed between Alba’s Chief Executive Officer Mr. Ali Al Baqali, and AGU’s President Dr. Khalid Abdul Rahman Al-Ohaly at Al Dana Hall, Alba. Alba’s CEO Mr. Al Baqali said: “We are delighted to renew this MoU with one of the pioneering educational institutes in the Kingdom of Bahrain as we continue to develop Alba future leaders for the generation to come. Alba and AGU have a longstanding cooperation spanning more than 7 years as AGU has been our partner in developing our high potential employees via Alba-sponsored MBA programme.” This MoU was established to develop Alba’s human capital...
The governing board and management of the Ghana Integrated Aluminium Development Corporation (GIADEC) has organised and inaugurated 19-member committees for various bauxite communities in Asiakwa (Atewa) in the Eastern Region, Awaso in the Western North Region, Nyinahini and Mpasaaso in the Ashanti Region. The committees have been formed by carefully co-opting the members who have a direct interest in health, safety, protection of lives, preservation of the forest reserves, and development of people. Each team has Chiefs, Opinion leaders, MMDCEs, Assembly Members, District Police Commanders, Forestry Representatives, Women group representatives, Youth Association Representatives, and Religious leaders. The Chief Executive Officer of GIADEC, Mr Michael Ansah, said field managers of the...
