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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Benchmark aluminium price on the London Metal Exchange rose by nearly 1 per cent to US$ 1755 per tonne on Tuesday, October 6, from US$ 1741.50 per tonne on Monday. As of Tuesday, both LME aluminium cash (bid) price and LME official settlement price continued to increase for the second day in a row, albeit slower than the previous day, to stand at US$ 1755 per tonne. 3-months bid price and 3-months offer price stood at US$ 1783 per tonne, up by US$ 10 per tonne from US$ 1773 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1849.50 per tonne. The LME aluminium opening stock extended decline from 1438925 tonnes to 1432650 tonnes. Live Warrants stood at 1126600 tonnes, while Cancelled Warrants at 306050 tonnes. LME aluminium 3-months Asian Reference Price came in at US$...
All those who love to drink beer will soon be able to enjoy their favourite brew out of cans that are not only supremely recyclable but made from responsibly produced, low-carbon aluminium. Rio Tinto and Anheuser-Busch InBev (AB InBev), the world’s largest brewer, have formed a global partnership to deliver a new standard of sustainable aluminium cans. In a first for the canned beverage industry, the two companies have signed an MOU committing to work with supply chain partners to bring AB InBev products to market in cans made from low-carbon aluminium that meets industry-leading sustainability standards. In the first instance, the focus will be North America; the partnership will see AB InBev use Rio Tinto’s low-carbon aluminium made with renewable hydropower along with recycled content...
Hindalco Industries Limited has hiked its aluminium products price today after cutting it on October 2. With effect from Tuesday, 06 October 2020, the company’s wire rods price has increased to stand at INR 158,600 per tonne, an increase of INR 1,750 per tonne from INR 156,850 per tonne on October 2. The company’s aluminium billets price stands at INR 154,600 per tonne as of Tuesday, up INR 1,750 per tonne from INR 152,850 per tonne on October 2. Hindalco aluminium ingots price has risen by INR 1,750 per tonne to INR 147,500 per tonne today. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far in 2020 due to slower global demand following the coronavirus...
MBF Aluminum, based at Eastern France, in the heart of the Jura Mountains in Saint-Claude, is recognized as one of the European specialists in the injection moulding of aluminium parts for the automotive sector, could see its workforce reduced by half, if it is believed that the recommendations included in a study of the automobile foundry in France, commissioned by the General Directorate of Enterprises (DGE), at the service of the Ministry of the Economy and Finance. This report was delivered in June 2020 to all the players in the sector, but also the various ministries responsible for industry and the economy. For MBF Aluminium, the report points to the possibility of saving the company, but by saving only half of the workforce, which means total150 jobs could be lost. The study in...
Hydro’s seven aluminium metal plants have been certified against Aluminium Stewardship Initiative (ASI) Chain of Custody. The sites include Husnes, Norway; Rackwitz, Germany; Deeside, UK; Lucé, France; Azuqueca, Spain; and Henderson, Kentucky, and Commerce, Texas, in the U.S. The Primary Metal Umbrella Certificate already certified Sunndal, Årdal, Høyanger, and Karmøy aluminium plants in Norway and Clervaux in Luxembourg to the ASI Performance Standard and ASI Chain of Custody Standard. “In total, several dozen Hydro sites – from our bauxite mine and alumina refinery in Brazil to aluminium extrusion and rolled products plants in many countries – are ASI-certified, and more site processes are ongoing,” Hydro said. The Aluminium Stewardship Initiative (ASI) is a global, multi-stakeholder,...
Mining stock Lindian Resources (LIN) has announced an update about its recently bought Lelouma Bauxite Project in Guinea. In late September, Lindian acquired a controlling stake in the bauxite project by signing an agreement to buy 75 per cent of its owner Sarmin Bauxite. The deal is, however, still awaited for regulatory approval. Lindian Resources has now revealed that the project’s Mineral Resource Estimate (MRE) totals 900 million tonnes at 45 per cent aluminium oxide (Al2O3) and 2.1 per cent silicon dioxide (SiO2). It also includes an upgraded high-grade portion of 398 million tonnes at 48.1 per cent aluminium oxide, and 155 million tonnes measured mineral resources at 47.9 per cent aluminium oxide and 1.8 per cent silicon dioxide - including 115 million tonnes at 49.6 per cent...
The International Organisation of Aluminium Aerosol Container Manufacturers (AEROBOL) has reported that the COVID-19 pandemic has not been much successful in affecting the global production of aerosol cans. The output declined only moderately in the first half of 2020, said the organisation. “The very moderate minus represents a rather good result in view of the highly insecure markets with extremely cautious customers and consumers,” commented Gregor Spengler, Secretary General of AEROBAL. Spengler said forthrightly that the consequences of corona-related lockdowns and restrictions were expected to have been worse for the aluminium aerosol containers market. But, instead, the value of a reliable and safe packaging material, such as the aluminium aerosol can, has been impressive enough...
The “Global Aluminium Expo 2020”— the virtual event being organised by AlCircle for the aluminium industry, has gone live today at 8:00 AM GMT, bringing together all players of the aluminium value chain under one roof. The Global Aluminium Expo 2020 with more than 900 attendees registered as of now will run till October 7, 2020. As the COVID-19 pandemic is stabilising in some parts of the world, the demand for virtual event continues to rise as physical conferences are still unable to be staged. Keeping that in mind, AlCircle for the first time launched an online “Global Aluminium Expo 2020” to help you reach out to your clients and industry associates to build a stronger network and sustainable business. If you have not registered so far for Global Aluminium Expo 2020 , hurry up and...
Vedanta has raised its aluminium ingot price after declining the price of the same product on October 2. With effect from Tuesday, 06 October 2020, the prices of some aluminium ingots are in the range of INR 145,500-158,500 per tonne, registering a growth of INR 2,000 per tonne from INR 143,500-156,500 per tonne on October 2 2020. With the latest hike, Vedanta’ billet now stands at INR 153,500 per tonne on October 6, up INR 2,000 per tonne from INR 151,500 per tonne on October 2. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far due to slower global demand following the coronavirus outbreak. Vedanta’s aluminium business typically accounts for one-third...
According to the US Geological Survey data, the United States in July 2020 exported 26,600 tonnes of aluminium plates, sheets and bars to Canada. In the earlier month, the US exported 18,100 tonnes, meaning July saw an increase of 46.96 per cent month-on-month in the US aluminium semis exports to Canada. The United States exports in June also saw a hike of 19.87 per cent from 15,100 tonnes in May. In April, the US exported 17,100 tonnes of aluminium semis to Canada, meaning the exports in May declined by 2,000 tonnes or 11.7 per cent from the previous month. On a year-on-year basis, the United States aluminium semis exports to Canada in July 2020 decreased by 3,600 tonnes or 11.92 per cent from 30,200 tonnes. In the entire first seven months of 2020, the United States aluminium plates,...
Austria is a well-developed market economy with a skilled labour force and a high standard of living. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. FocusEconomics panellists forecasted GDP will contract 6.6% in 2020, and grow by 4.8% in 2021. The southern part of Central European nation’s export of alumina during 2017-19 has been recorded at 54,515 tonnes, which generated revenue of $14.13 million. The analysed export for 2020 has been marked ta 19,553 tonnes and revenue earning to stand at $6.38 million, however, when the existing two years export and earning gets assorted, it depicts 74,068 tonnes and $20.51 million respectively. Austria’s alumina export in 2017 stood at 10,627 tonnes and earnings remained...
Vetroplas, in partnership with Envases, has produced 500ml refillable aluminium spray bottles for Neat multi-surface cleaning products. The bottles are coloured with white basecoat with one colour offset printing and an over-varnish. The aluminium bottles, formed with a 28/410 screw thread, also feature an eco-friendly polyester lining. Designed in plain white, the bottles’ lines are simple, clean, and subtle. Also, they have a moulded silicone base, which according to Vetrolas sales director Simon Dix allows enhances durability and a soft-touch landing on surfaces. Simon Dix said, “We are delighted to be associated with Neat. It’s another showcase for our aluminium bottles and the brand shares many of our own ethics in terms of producing attractive, functional and sustainable products.”...
The President of Ghana, Nana Akufo-Addo stated that plans are far advanced to exploit bauxite resources at Atewa in Abuakwa South of the Eastern Region. Nana Akufo-Addo said: “The state-owned Ghana Integrated Aluminium Development Corporation (GIADEC) is determined to develop the bauxite mine to create employment for the youth in the area and other Ghanaians as well.” "It is time to mine the bauxite here and plans are far advanced for us to mine the bauxite so that the people of Kyebi and Ghanaians, in general, would have employment which would generate income for them," he emphasised. The President was speaking at a durbar organised for him by the leaders of the Akyem states at Kyebi during the second day of his three-day tour in the Eastern Region. Chiefs and people from the three Akyem...
Benchmark aluminium price on London Metal Exchange rose 2.14 per cent to US$ 1741.5 per tonne on Monday, October 5, from US$ 1705 per tonne on Friday. As of Friday October 5, LME aluminium cash (bid) price stands at US$ 1741.50 per tonne, LME official settlement price stands at US$ 1741.50 per tonne; 3-months bid price stands at US$ 1773 per tonne, 3-months offer price is US$ 1773 per tonne; Dec 21 bid price stands at US$ 1845 per tonne, and Dec 21 offer price stands at US$ 1845 per tonne. The LME aluminium opening stock stood at 1438925 tonnes. Live Warrants totalled 1195825 tonnes, and Cancelled Warrants were 243100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.70 per tonne. SHFE Aluminium Price Trend China market and the Shanghai Futures Exchange (SHFE)...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has received two prestigious awards – Leading Corporate for Investor Relations in Bahrain and Best Investor Relations Professional in Bahrain – at the 2020 Middle East Investor Relations Association (MEIRA) Annual Conference and Awards Ceremony. The ceremony was held virtually on September 22 & 23, 2020. The MEIRA Annual Conference and Awards is one of the largest Investor Relations (IR) events, which recognises the efforts of regionally listed companies and IR professionals for their critical role in shaping the IR landscape. It also recognises locally listed firms, international corporates, investors, research analysts, advisors, and Regulatory bodies to share best practices and discuss market challenges....
Despite the COVID-19 pandemic and the market slowdown, the Lublin company Aliplast in 2020 increases sales, employment and continues to invest. This is the effect of the continued boom in construction and the renewable energy market. Aliplast from Lublin deals with everything related to aluminium. Designs and produces, among others aluminium systems for the construction industry, of which doors, windows, facades, winter garden structures are made. Aliplast also produces aluminium parts related to transport, including photovoltaic systems and tent systems. In Poland, Aliplast is the second-largest player in the aluminium profile production industry, after Aluprof from Bielsko-Biała. In the country, the Lublin based company has approx. 30%. Market share and is considered as an important...
Hydro announced that it will supply the complete charging system housing to Vita superPower’s new dockside superchargers. “The world’s first network of dockside superchargers designed for high-performance electric boats is using Hydro CIRCAL aluminium,” Hydro said. The company will supply all the machining, accessories (gaskets, hinges, locking system) and the surface finishing, in addition to technical and design support. “We are proud to work with forward-leaning companies like Vita who are moving the market forward in the right direction using new design principles and high demands to the origin and environmental footprint of materials selected. Hydro CIRCAL is a perfect fit to the high standards Vita is setting,” said Luca Bertola, Hydro’s Managing Director Extruded Solution Italy....
Fitch Solutions predicts Ghana to emerge as an automotive production hub in West Africa in the years to come. The ratings agency report suggests that comprehensive policy by the Ghana Government could be a potential factor for the nation to dominate West African automobile space in the future. “We believe developments in Ghana’s metals sector (steel and aluminium in particular) raises the potential for the country’s nascent autos industry to move up the value chain,” said Fitch Solutions. In August 2020, President Akufo-Addo laid the foundation stone of aluminium casting factory and CNC machine tooling centre, a step towards creating opportunities for automotive component manufacturing in the country. Fitch Solutions added, “Aluminium products such as aluminium alloy wheels, transmission...
