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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Ireland is ranked 2nd among 45 countries in the Europe region, and its overall score is well above the regional and world averages. The Irish economy made it back into the ranks of the economically free in 2018 and has maintained that rank in the years since then. The European Commission has said that Ireland's GDP is projected to contract by 8.5% in 2020. The economy here is then expected to grow by 6.25% in 2021, on the back of the pent-up domestic demand release and the global post-crisis recovery. Ireland’s import of aluminium foil during 2017-19 was recorded at 59,128 tonnes and the expenditure occurred on the import stood at $131.93 million. The analysed import for 2020 has been evaluated at 23,827 tonnes and expenditure to outreach at $46.75 million, however, when the existing...
The downfall in Vedanta's production in the first quarter of fiscal 2021 has resulted in a lower production cost (CoP) from $1,764 per tonne during the same period last year to $1,268 per tonne. According to the latest report, Vedanta's alumina production cost dropped by $54 per tonne from the previous quarter, while its power cost fell by $100 per tonne and other hot metal and conversion cost by $40 per tonne. The cost of production in Jharsuguda reduced by 13 per cent quarter-on-quarter while that in BALCO shrunk by 11 per cent. Vedanta's numbers stood higher than were expected in the June quarter. For instance, aluminium EBITDA constituted 72 per cent of the EBITDA beat. The segment’s EBITDA surprised at $360 per tonne, of which $101 per tonne was on account of RPO liability reversal....
S.A. Damm has joined Aluminium Stewardship Initiative (ASI) as a new Industrial User member. This brings the total number of ASI Members to 134. “Damm’s commitment to responsible sourcing is at the heart of our ambition to minimise our impact on society and the environment by delivering top-quality products and services. The Damm value chain has a material impact on our sustainability performance and by joining ASI, we will enhance the sustainability credentials of our aluminium beverage cans, ensuring high social, environmental and governance standards. We consider this to be a major milestone that keeps us moving forward on our industry-leading sustainability journey,” the company said. Damm, founded in 1876 by the Alsatian brewing master August Kuentzmann Damm, is one of the main...
According to a recent report, Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) will continue to seek ‘green funding’ for its low-carbon aluminium initiative. The company this year has already secured 500 million Reais ($90 million) to develop sustainability projects and offer more low-carbon metal, said company executives on October 5. However, the company is cautious about the domestic demand that has seen a hit by the COVID-19 pandemic. Even though the market has recovered at present yet the probability of downfall in the near future after restocking action this year cannot be disregarded. Also, the possibility of a second wave of COVID-19 infection has not been ruled out. Earlier, the fundraising was done through two different contracts with Brazilian banks Bradesco...
Canyon Resources has announced that Minim Martap Bauxite Project in Cameroon, West Africa estimate upgraded to over 1 billion tonnes following the integration of results from the Physical Testing Programme. The 1 billion tonne resource represents only 12 bauxite plateaux of the Minim Martap Project with 62 plateaux remaining for drill testing. Phillip Gallagher, Canyon’s Managing Director, said: “It is very pleasing to see further positive results from the density testing completed by our team that upgrades the Minim Martap resource to over 1 billion tonnes of high-quality bauxite. The Project is comparable to some of the biggest and best bauxite projects in the world which are dominated by major aluminium companies such as Alcoa, Rio Tinto, Rusal and Emirates Global Aluminium....
Benchmark aluminium price on London Metal Exchange dropped 0.54 per cent to US$ 1745.5 per tonne on Wednesday, October 7, from US$ 1755 per tonne on Tuesday. As of Wednesday October 7, LME aluminium cash (bid) price stands at US$ 1745.50 per tonne, LME official settlement price stands at US$ 1745.50 per tonne; 3-months bid price stands at US$ 1772.50 per tonne, 3-months offer price is US$ 1772.50 per tonne; Dec 21 bid price stands at US$ 1835.50 per tonne, and Dec 21 offer price stands at US$ 1835.50 per tonne. The LME aluminium opening stock stood at 1428475 tonnes. Live Warrants totalled 1119125 tonnes, and Cancelled Warrants were 309350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1770 per tonne. SHFE Aluminium Price Trend China market and the Shanghai...
Fehrmann Alloys GmbH based in Hamburg, Germany, will introduce its new high-performance aluminium alloy for Additive Manufacturing, AlMgty-90, at this year’s Formnext, which will take place digitally from 10 th -13 th November’20. The company simplifies that AlMgty-90 is rooted on its AlMgty-80 alloy, which was launched in 2019, but tenders increased strength, resulting in an aluminium alloy with approximately 25% higher hardness (115 +/-3 HV) compared to AlMgty-80. Together with AM parameters at a similar level of AlSi10Mg and a density of 99%, AlMgty-90 is said to enable increased productivity for Additive Manufacturing, with a considerable reduction of material cost and production time. Fehrmann Alloys states that AlMgty-90 offers the following benefits: Corrosion resistance Anodisable...
Novelis Brazil has selected Danieli Centro Combustion for the supply of a new pit furnace to heat ingots, to be installed at the Pindamonhangaba plant, Brazil. The purpose of the new facility is to heat the aluminium ingots more than 20% faster than the existing facilities. The furnace will load 2 rows of 8 ingots each for a total of 16 ingots (alloys 1xxx, 3xxx, 5xxx and 8xxx series), and maximum furnace capacity will be 310 tons. The new facility will be furnished with 12 self-recuperative burners and 4 recirculation fans. The Danieli design will enable Novelis to achieve: low fuel consumption, optimum heating rates, high-temperature precision during soaking for the best final quality, high plant flexibility, more safety and lower emissions. Danieli Centro Combustion will engineer the...
Hydro has collaborated with Norway to develop the world’s first fully electrical passenger ferry. The project would include extrusions, panels, friction-stir welding, robotic welding, bending larger panels, optimizing CAD (computer-aided design) services and modular design. One ferry can contain 25-30 tonnes of aluminium. Hydro will use low-carbon aluminium extrusion ingot and sheet ingot products like Hydro CIRCAL and Hydro REDUXA, which improve the environmental performance even further. “The ferry is part of a European Union-funded program – The TrAM Project (Transport Advanced and Modular) – to make shipbuilding more efficient, and Hydro is part of the partnership including industry, government and research organizations,” Hydro said. “Standardization allows us to use the same...
Vedanta, the largest primary aluminium producer of India, has appointed century-old non-ferrous metals, ferroalloys and pig iron trading company Gerli Metalli SPA as a service partner onwards 2021 for the Italian market. Vedanta with its two state-of-art aluminium smelters at Jharsuguda (Odisha) and BALCO in Korba (Chhattisgarh) is producing primary aluminium of 1.95 million tonnes per annum (MTPA) as recorded in FY19, while 50% of its aluminium produced gets exported. A world-class 2 MTPA alumina refinery at Lanjigarh (Odisha) has made Vedanta a premier manufacturer of metallurgical grade alumina for the company's aluminium smelters. An LME member, Gerli Metalli SPA plays a vital role in intermediary between production, trading and distribution to the metal industry. The international...
Canada’s aluminium crude metal and alloys exports to the United States extended decline by 8.04 per cent for the second month in a row to stand at 206,000 tonnes in July 2020, found the US Geological Survey data. Canada’s aluminium alloy exports to the US started decreasing from June after several months of hikes, as Canada noted in response to Trump’s decision of imposing additional tariffs on Canadian aluminium that exports to the US grew only due to the reduced domestic demand caused by the COVID-19 pandemic whereas production remained intact. Canada said exports would reduce as soon as the domestic market would recover from the unprecedented crisis. In June 2020, Canada’s aluminium crude metal and alloys exports to the US stood at 224,000 tonnes after plummeting by 6,000 tonnes or 2.7...
Hindalco Industries Limited has raised the aluminium products price for the second time in a row. With effect from Wednesday, 07 October 2020, the company’s wire rods price has increased to stand at INR 159,850 per tonne, an increase of INR 1,250 per tonne from INR 158,600 per tonne on October 6. Aluminium billets price stands at INR 155,850 per tonne as of Wednesday, marking a growth of INR 1,750 per tonne from INR 154,600 per tonne on October 6. Hindalco aluminium ingots price has increased by INR 1,250 per tonne to INR 148,750 per tonne. 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 increased by more than 2% so far in 2020. Aluminium operations of the company,...
Panama has been the fastest-growing economy in Latin America over the past two decades, benefiting from the activity of the canal, the Colon free trade zone (CFZ) and its role as an international banking centre and regional financial hub. The economy of Panama is based mainly on the services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Panama is a high-income economy with a history of low inflation. The transcontinental country in Central America and South America has recorded its aluminium scrap export during 2017-19 at 15,569 tonnes and which paved revenue earnings of $12.78 million to the nation. The export for 2020 has been evaluated at 12,141 tonnes, the highest in the phase and earnings to stand at $9.55 million, however, when the...
Welcome to the second and last day of AlCircle’s first-of-its-kind online “ Global Aluminium Expo 2020 .” We are delighted to share the success of Day 1 while expressing our gratitude to all the exhibitors and attendees for gracing the event with your presence. On the first day of the expo, the average footfall for each exhibitor was around 100. The total number of attendees registered for the event by now has exceeded 1000. The expo has started today at 8:00 AM GMT, bringing along the top aluminium industry leaders and enthusiasts. As been said earlier, this virtual expo is for exploring new business opportunities, nurturing new ideas, finding new customers while meet and greet old ones, and inspiring each other during the present test of time. We would be happy to see you all at our...
Eamon Michael Ryan, an Irish Green Party politician, has reportedly proposed a new idea to give people 20 cents a can for returning their empties. Ryan, who has also served as a Minister for the Environment, Climate and Communications and Minister for Transport, is proposing the idea to boost recycling numbers. Ryan believes the deposit return scheme will see consumers able to bring back empty aluminium cans or plastic bottles. But before introducing the new scheme, the Minister intends to acquire feedback from punters and the industry, and for that matter, he has launched a public consultation process. He said: “If we are to get the benefits of a circular economy, we need to adapt our approach to how we use and manage our resources.” “We must strive to keep resources in circulation for...
Blockchain Foundry Inc., a leading North American blockchain development firm, has entered into an agreement with Alumina Partners (Ontario) Ltd., a subsidiary of Alumina Partners LLC, for a drawdown equity financing facility of up to C$4 million. It covers for a period of over a 24-month. Blockchain Foundry has the right to draw down on the facility, at its sole discretion, through tranches of equity private placements of up to C$250,000 each. The Units will be priced at a discount of 15% to 25% from the then most recent closing price of the Shares on the Canadian Securities Exchange at the time of the applicable Company drawdown notice to Alumina. “The exercise price of the Warrants will be set at a 30% premium to the market price of the Shares and will have a term of three years from...
The Japanese commercial vehicle manufacturer, Hino, has expanded its 300 Series Built to Go (BTG) in Australia to provide light-duty truck operators with more options. Daniel Petrovski, Hino Australia, Product and Strategy Manager said: “The Hino BTG range provides high quality, durable and convenient drive-away solutions for car and truck-licenced buyers who require the reliability of a Hino truck with the quality and peace of mind that a Hino Genuine body offers.” In July, Hino launched its new 300 Series range. According to Petrovski, the expansion of the BTG range ensures Australian operators to choose from a broader range of heavy vehicles while avoiding delivery lead times that typically occur when specifying custom-built truck bodies. The 2020 BTG 300 Series range is reported to...
Luoyang Wanji Aluminium Processing Co., Ltd. has received Aluminium Stewardship Initiative (ASI) Performance Standard certification for its rolling facility in Luoyang City, China. The plant produces foils for use in a wide variety of sectors such as transportation, packaging, building supply, intermediate materials for home appliance, electronics, communications, pharmaceuticals, and printing among others. 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 audit of the Luoyang Wanji Aluminium Processing Co., Ltd. facility was carried out by China Quality Mark Certification Group. Fiona Solomon,...
