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...
Grow with
AL Circle
Vanderhall, the US-based motor works company will debut its three-wheeled all-electric roadster in Australia towards the latter half of 2021. The attention-getting, retro-styled Edison² is sitting somewhere between a trike and a small sportscar, whereas to drive the vehicle, one does not require a motorbike licence or for the driver to wear a helmet. Edison² will be priced above $60,000 depending on how the Australian dollar performs next year. The product is amazing. With more than 300km estimated driving range, the Edison² has a 28.8kWh battery and can be charged on AC points in around 6 hours. Built on an aluminium mono frame with an ABS composite body, it is fitted with two motors – both on the front axle – that each output 52kW power, and F1-inspired pushrod suspension to give the...
Visy, the global leader in packaging and resource recovery achieved record growth in August, as consumers switching from plastic packaging to aluminium among others. Visy said: “Sales in August were up by a third on the same month in the previous year, and by 28% over the July figure.” The company says it was the highest month-on-month growth since the death of founder Richard Pratt in 2009. Since then the company has been run by his son, Anthony Pratt. Pratt said: “Lockdown meant consumers were not drinking beer out of plastic cups at events – but were drinking it out of glass and aluminium at home and having it delivered in cardboard packaging – and that all contributed to the record rise in revenue.” Visy is in business for 70 years, with over 5000 employees and is operating in more...
Kuwait is a country full of wealth created from the small petroleum-based economy as well as a leading position in the financial service for GCC countries. These industries combined have led Kuwait's dinar to be the highest valued currency in the world. FocusEconomics analysts forecast a contraction of 5.1% in 2020, which is unchanged from last month's forecast, and growth of 2.7% in 2021. The Western Asian country’s import of aluminium structures during 2018-19 was recorded at 3031 tonnes, which occurred with a relevant expenditure of $19.83 million. The estimated import for 2020 has been analysed with 3590 tonnes and expenditure to reach $21.37 million; however, when import volume and expenditure gets assorted with the previous two years it exhibits 6621 tonnes and $41.42 million...
Aluminium prices for US consumers, especially from the transport, construction, and packaging industries, are decreasing as the market is anticipating tariff exemptions for producers in the United Arab Emirates and Bahrain. This follows agreements by the two Arab states to establish ties between Israel, signed at a ceremony hosted by the US President Donald Trump at the White House in September. The United States aluminium prices are based on the physical premium AUPc1 and the benchmark price CMAL3 on the London Metal Exchange. The former is now at $263 per tonne from $335 mid-September, while the latter at $1,750 per tonne. Jorge Vasquez, founder of consultancy Harbor Aluminum, noted that the United Arab Emirates exported about 550,000 tonnes of value added primary aluminium to the...
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 1,500 per tonne on September 29. With effect from Friday, 02 October 2020, the prices of some aluminium ingots are in the range of INR 143,500-156,500 per tonne, marking a decline of INR 2,250 per tonne from INR 145,750-158,750 per tonne on 29 September 2020. With the latest decline, Vedanta’ billet now stands at INR 151,500 per tonne on October 2, down INR 2,250 per tonne from INR 153,750 per tonne on September 29. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its...
Benchmark aluminium price on London Metal Exchange dropped 1.21 per cent to US$ 1716 per tonne on Thursday, October 1, from US$ 1737 per tonne on Wednesday. As of Thursday October 1, LME aluminium cash (bid) price stands at US$ 1716 per tonne, LME official settlement price stands at US$ 1716 per tonne; 3-months bid price stands at US$ 1754 per tonne, 3-months offer price is US$ 1754 per tonne; Dec 21 bid price stands at US$ 1826 per tonne, and Dec 21 offer price stands at US$ 1826 per tonne. The LME aluminium opening stock stood at 1450950 tonnes. Live Warrants totalled 1196825 tonnes, and Cancelled Warrants were 254125 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1762.52 per tonne. SHFE Aluminium Price Trend China market and the Shanghai Futures Exchange (SHFE)...
British tycoon Sanjeev Gupta’s international low-carbon aluminium business, ALVANCE Aluminium Group, part of sustainable industry leader GFG Alliance, has accomplished its acquisition of the Duffel aluminium recycling and rolling mill near Antwerp in Belgium. Duffel is a leading European producer of premium aluminium rolled products and a pioneer in the European automotive body sheets (ABS) market, which was founded in 1946. The plant can process 250ktpa and currently reuses around 104ktpa of aluminium scrap material, taking ALVANCE closer to its aim of reaching 1mtpa of capacity. The acquired plant in Belgium will be renamed ALVANCE Aluminium Duffel. This marks a significant bolstering and expansion of ALVANCE’s downstream portfolio and its ambition to be a leading supplier of...
The Shyft Group, Inc.,the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, has expanded its product portfolio with the acquisition of F3 MFG Inc., a leading, aluminium truck body and accessory manufacturer. F3 will join the Shyft Specialty Vehicles business unit. It will continue to go-to-market under the DuraMag® and Magnum® brands. F3 operations includes aluminium manufacturing, finishing, assembly, and installation of DuraMag contractor, service, and van bodies, as well as Magnum branded headache racks (also known as cab protection racks or rear racks). F3 sales grew at a compound annual growth rate of 74% from 2015 to 2019. In 2019, the company’s sales were approximately $25 million. "The...
According to the latest Geological Survey data, the United States in July 2020 imported 84,300 tonnes of aluminium plates, sheets and bars, 9,800 tonnes or 13.15 per cent higher than 74,500 tonnes in June. In May, the United States aluminium semis imports were 68,500 tonnes, meaning the imports in June saw an increase of 8.76 per cent month-on-month. The imports in May also saw a hike of 41.53 per cent from 48,400 tonnes in April. This shows the United States imports of aluminium plates, sheets and bars have been trending up consistently since the past four months. The total aluminium semis imports by the United States in the entire seven months (January to July) of the year stood at 646,000 tonnes, up by 124,000 tonnes or 23.75 per cent from 522,000 tonnes during the same period last...
An advanced metallurgical programme conducted by Canyon Resources Limited on alumina samples from Minim Martap Bauxite Project in Cameroon shows consistent +90% available alumina. The outcomes of the testing confirm the presence of very high grade bauxite in the project and high rates of conversion from total alumina to available alumina at low-temperature digestion conditions. Around 61 samples were analysed by micro digestion for Total Available Alumina (TAA) and Reactive Silica (RSi) at low temperature, while 22 samples were analysed at high temperature by SGS Laboratories in Perth. Director of projects Dr James Durrant said: “The testing confirms that not only would an offtake company receive a very high alumina content in their bauxite, but that the extractable alumina portion is...
The US exports of aluminium scrap stood at 158,000 tonnes in July 2020, with a year-on-year increase of 3.95%, according to the latest report from the US Geological Survey. On a month-on-month comparison, exports climbed by 5.33% from June’s export volume of 150,000 tonnes. The US exported 1.010 million tonnes of aluminium scrap in the first seven months of 2020, from 1.1 million tonnes exported in the first seven months of 2019. This records a decrease of 8.18% or 90,000 tonnes. The US exports of aluminium scrap to Malaysia came in at 48,900 tonnes in July 2020. Exports increased by 146.97% year-on-year and 28.35% month-on-month. The US had exported 19,800 tonnes and 38,100 tonnes in July 2019 and June 2020, respectively. Exports of aluminium scrap to Malaysia registered 79.83%...
South Africa's gross domestic product (GDP) has fallen for the fourth consecutive quarter, putting the country in a severe recession. The GDP fell by just over 16.4% between the first quarter and second quarter of 2020, resulting in an annualised growth rate of -51%. Although for decades manufacturing has employed more people and produced a greater proportion of gross domestic product (GDP) than mining has, the mining sector continues to form the core of the South African economy as mining-centred holding companies invest in other economic activity. The Southernmost African nation’s import of bauxite during 2017-19 was recorded at 14,466 tonnes and the bauxite import for 2020 is expected to remain at 2822 tonnes, however, when the import volume gets added with the preceding 3 years it...
China’s Ministry of Ecology and Environment (MEE) has alleged the state-run Aluminium Corp of China (Chinalco) for repeatedly violating environmental regulations at a plant in Guangxi. A week earlier, a central government environmental inspection team found that affiliates of the Chinalco subsidiary Guangxi Nonferrous Rare Earth Development Co Ltd seriously violated environmental norms, resulting in polluting the surrounding area. The inspection team discovered the subsidiary was running outdated and illegal facilities for producing above and beyond the amount of nonferrous ore allowed by law. “The inspection found […] obvious problems of legal violations, chaotic environmental management and relatively large environmental risks at the Guangxi rare earth company,” the ministry said in a...
National Aluminium Company Limited (NALCO) has raised its aluminium products price after declining it for the second time in a row. With effect from Wednesday, 30 September 2020, NALCO's aluminium ingots price stood at INR 149,050 – 152,550 per tonne, marking a growth of INR 3,800 from INR 145,250-148,750 per tonne on September 25. The company is selling its aluminium billets at INR 152,500- 155,150 per tonne on September 30, up from INR 148,700- 151,350 per tonne on September 25. NALCO aluminium wire rods price came in at INR 152,550-156,350 per tonne as of September 30. 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...
The Indian Aluminium giant Vedanta Aluminium Ltd’s proposal to expand its aluminium smelter plant in Odisha’s Jharsuguda district saw multiple twists and turns on 29 th -30 th September’20. Notwithstanding, the final decision has been deferred until 5 th October, while Vedanta being permitted to participate in the hearing. Initially, the Odisha High Court first issued a stay order on a notification issued by the Odisha State Pollution Control Board (OSPCB) for the public hearing in Jharsuguda on 29 th September. On 30 th September, the High Court permitted the public hearing to take place by relaxing the stay, which was done via video conferencing. In its hearing via video conferencing, the court stated that no one appeared for the state government as well as the OSPCB, probably due to...
The European Aluminium web workshop on investing in better collection and sorting of used aluminium packaging for recycling stressed enough on the importance of the Circular Economy. Many speakers spoke about the need for more investment into the complete cycle of aluminium packaging, sorting and recycling for achieving better results. Also, a recent study by HTP1 performed for the Packaging Group European Aluminium demonstrated that investment in Circular Economy really pays off. Both Andy Doran, chairman of the Packaging Group, and Michael Langen of HTP, a leading German consultancy on waste management, pointed out that by using a second Eddy Current Separator2 for the aluminium fraction in a Material Recovery Facility (MRF) or sorting station for lightweight packaging, 30% more...
SRG Global Limited has received $100m contract with South32 Worsley Alumina to deliver specialist Refractory Services, including gunning and casting and installation of refractory products and anchors. The company will start its work this month for a duration of eight years. South32 has also extended the company’s existing engineered Access Services contract worth $25m for a further two years. SRG Global will continue to provide access services at South32’s Worsley Alumina operations until mid-2027. David Macgeorge, Managing Director, said: “These contracts are a terrific achievement for SRG Global and we are excited to be expanding our partnership with South32 to continue to deliver long-term value for their Worsley operations. “This continues our focus on cross-selling our diverse...
National Aluminium Company Limited (NALCO) held its 39th Annual General Meeting on the virtual platform on Wednesday. Sridhar Patra, CMD, NALCO, said, “Year 2019-20 has been a year of mixed results for the company. In spite of an extremely challenging business environment, coupled with slump in prices and onset of COVID 19 pandemic in the last quarter of the year, we have made exemplary contribution in promoting and putting focus on plant, production, productivity and people”. “Sustainability has now become a part of NALCO’s key business processes. The year was a testimony to NALCO being a partner in progress in promoting inclusive growth as an industry leader and spreading happiness amongst people”. Speaking on highlights of the company, Sridhar Patra said the company’s Panchapatmali...
