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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EPI, a key contributor to UAE’s Defence, Aerospace, and Oil & Gas industries is broadening its manufacturing capabilities to support the Boeing 787 Dreamliner. On 28 th September’20, the announcement was made on the sidelines of the two-day Global Aerospace Summit, which takes place virtually from Abu Dhabi. EPI will manufacture aluminium trailing edge ribs for use in the 787-commercial aircraft. The serial assembly lines will be an extension to the Abu Dhabi facility, with the processed parts additionally going through EPI's surface treatment plant launched previous year. The plant is part of an industrial collaboration agreement between Tawazun Economic Council, Boeing Defence, Space & Security (Boeing) and EPI, to build a chemical processing plant that would ramp up its existing...
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Tuesday, September 29, following two consecutive declines on September 18 and 24. Vedanta is now selling its aluminium ingot at INR 145,750-158,750 per tonne, up by INR 1,500 per tonne or 1 per cent from INR 144,250-157,250 per tonne on September 24. With the latest hike, Vedanta’s aluminium wire rod price has come in at INR 153,250-160,750 per tonne, higher by INR 1,500 per tonne or 1 per cent than INR 151,750-159,250 per tonne. The company’s billet price is hovering at INR 153,750 per tonne, also up by INR 1,500 per tonne from INR 152,250 per tonne. Vedanta has increased its aluminium ingot and aluminium product prices in line with the rallied aluminium price on the London Metal Exchange....
West Europe’s alumina production stood 2.74 per cent higher year-on-year to 487,000 tonnes in August 2020. The output increased by 2.1 per cent from July’s production of 477,000 tonnes and 1.88 per cent from June’s production of 478,000 tonnes. In the first eight months of 2020, alumina output amounted to 3.806 million tonnes, from 3.876 million tonnes in the first eight months of 2019, according to the latest data showed by the International Aluminium Institute (IAI). This marks a decrease of 1.81% year-on-year. Alumina output in West Europe stood at 5.738 million tonnes in 2019. East & Central Europe alumina production increased by 7.63 per cent year-on-year to 395,000 tonnes in August. The output inched up by 3.13 per cent from July’s production of 383,000 tonnes and 10.34 per cent...
Viridor has extended dry mixed recycling contract with Kent County Council for a further 12 months. The new £6.2-million contract covers more than 62,000 tonnes of recycling, including glass, paper, card, household plastics and aluminium cans from Ashford, Maidstone, Swale, Gravesham, Dartford and parts of Royal Tunbridge Wells and Malling. The new agreement would see Kent County Council’s recycling processed through Viridor’s Crayford Materials Recycling Facility. The facility receives 300,000 tonnes of co-mingled recyclate from 29 local authorities each year. Simon Prior, Head of Local Authority Development and Integrated Contracts at Viridor, said: “A crucial aspect of this contract has been Viridor’s ability to demonstrate the onward journey of recycling, particularly plastic, through...
According to the latest data released by the International Aluminium Institute, world alumina production in August 2020 stood flat at 11.366 million tonnes, following a hike of 3.1 per cent from 11.029 million tonnes in June to 11.367 tonnes in July 2020. On a year-on-year basis, the output in August increased by 2.6 per cent from 11.079 million tonnes, unlike the previous month when world alumina production saw a mere decline of 0.5 per cent over the year. The world’s total alumina production in the first eight months of 2020 stood at 88.831 million tonnes, registering an increase of 1 per cent from 88.095 million tonnes during the same period last year. China, being the highest global alumina producer, churned out 5.910 million tonnes in August, the same as that of July 2020 but...
Brazil has the third-best advanced industrial sector in The Americas. The Latin American nation’s one-third of GDP has been contributed by its diverse industries range from automobiles, steel and petrochemicals to computers, aircraft, and consumer durables. Brazil’s import of aluminium tubes and pipes during 2017-19 was recorded at 5014 tonnes and the expenditure occurred stood at $24.72 million. The import for 2020 has been analysed to remain at 3077 tonnes and expenditure to stand at $14.56 million. However, when the 2020 import volume and expenditures get added with the existing three years it depicts 8091 tonnes and $39.28 million respectively. In 2017, the import of aluminium tubes and pipes remained at 2600 tonnes and foreign revenue expenditure recorded was $12.48 million, whereas,...
Japan Aluminium Association said on Monday aluminium industry would aim to reduce CO2 emissions by 78% by 2050 from 2017 levels. Japan's aluminium industry would meet its target by increasing the use of recycled metal to 75% from the current 48%, according to a Reuters report. The aluminium industry targets to increase local demand by 43% to 6.02 million tonnes a year by 2050 from 4.22 million tonnes in 2019. The industry would expand its use in segments including transportation and construction, it said as part of a new long-term vision. "With the new vision, we intended to make a strong impression of the fine characteristics of aluminium such as high environmental performance and show our strong will to boost our presence," Japan Aluminium Association Chairman Ichiro Okamoto told a news...
National Aluminium Company Limited (NALCO) has extended its aluminium ingot and aluminium product price cut two weeks later with effect from September 25. NALCO’s aluminium ingot price is now standing at INR 145,250-148,750 per tonne, down by INR 2,600 per tonne or 1.8 per cent from INR 147,850 – 151,350 per tonne on September 11, 2020. On September 11, NALCO’s aluminium ingot price was decreased by INR 2,200 per tonne or 1.47 per cent from about a month ago. This means NALCO on last Friday increased the cut of its aluminium ingot price by INR 400 per tonne. Since the latest cut, NALCO’s aluminium billets price is ranging between INR 148,700- 151,350 per tonne, INR 2,600 per tonne or 1.7 per cent lower from INR 151,300- 152,800 per tonne. The company’s aluminium wire rod is now being sold...
SMM aluminium ingot price edged higher by RMB 180 per tonne to stand at RMB 14730 per tonne on Tuesday, 29 September 2020, from Monday’s price of RMB 14550 per tonne. This marks the third consecutive rise in aluminium ingot price.The price is expected to range at RMB 14710-14750 per tonne. In Foshan and Wuxi, the price rose by RMB 150 per tonne and RMB 170 per tonne to stand at RMB 14740 per tonne each on Tuesday, 29 September 2020. Aluminium prices in Hangzhou and Chongqing came in at RMB 14760 per tonne and 14705 per tonne, down RMB 130 per tonne and RMB 175 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14710 per tonne, RMB 14690 per tonne, RMB 14760 per tonne, and RMB 14750 per tonne. The aluminium alloy (ADC12) price stood at RMB...
Azelio, the Swedish game-changing firm towards the future of solar energy and Stena Aluminum, the leading producer of aluminium alloys from recycled material in the Nordic region are planning to enter into a long-term global collaboration that aims to accomplish Azelio’s energy storage units by filling them with recycled molten aluminium directly at a dedicated production line at Stena Aluminium. The outlook is a breakthrough in the industrialization of the product that will result in large energy savings, giving Azelio’s energy storage system an even stronger climate profile. Jonas Eklind, CEO, Azelio said: “Circular economy is central to Azelio’s offering. We store renewable energy in a recycled raw material which also has the beneficial properties of not losing storage capacity over...
The dollar pulled back from a two-month high against a basket of currencies on Monday, September 28, as equities rallied after four straight weeks of declines ahead of a slew of economic data and political developments in the United States. Three-month LME aluminium settled 1.28 per cent firmer at US$ 1,784.50 per tonne on Monday, and is expected to move between US$ 1,740-1,790 per tonne today. As of Monday, September 28, both LME aluminium cash (bid) price and LME official settlement price increased sharply by US$ 28.50 per tonne to stand at US$ 1737 per tonne. 3-months bid price and 3-months offer price stood at US$ 1772 per tonne, up by US$ 26 per tonne from US$ 1746 per tonne on September 25. Dec 21 bid price and Dec 21 offer price hovered at US$ 1841 per tonne. The LME aluminium...
Chevron, the American multinational energy corporation has signed an agreement to supply a supplementary 37PJ (962mn m³) of gas sourced from the three LNG projects located offshore Western Australia (WA) to Alcoa's alumina refineries in the southwest part of the state, adding to an existing contract with Alcoa for 64PJ of gas. The Chevron gas supply contract is one of three sales and purchase agreements that Alcoa has signed with gas producers. Alcoa has signed three new gas SPAs, which together will supply 198PJ of gas to its WA alumina refineries, starting from 2024. Alcoa said: “The agreements with Chevron, ExxonMobil and Australian independent Warrego Energy, coupled with existing gas contracts, will supply Alcoa's three refining operations in Western Australia over 10 years. The gas...
Alpha HPA has reportedly manufactured a batch of 99.99% high purity alumina (HPA) coating pre-cursor material at its demonstration plant as part of its HPA First project that aims to produce 10,000 tonnes per annum HPA and related products. The material is meant for using in coating cathode and anode particles inside lithium-ion batteries. Alpha has manufactured this 20kg batch of pre-cursor material under a market outreach program in cooperation with offtake partner Traxys. As a result, the material is available for immediate shipment from Alpha’s Brisbane-based demonstration plant. Alpha claims it has “recognised a key market opportunity” to use its proprietary HPA First solvent extraction and refining technology to develop the pre-cursor material. These pre-cursor materials are created...
Kompania Piwowarska teamed up with CANPACK to launch the second edition of its campaign to protect endangered species. The company replaced the image of European Bison on its Żubr beer with the images of five other animals: bear, wolf, lynx, eagle and pygmy owl. CANPACK’s QUADROMIX technology enabled the company to produce five designs in one production series. “By replacing the design on its iconic Żubr beer, Kompania Piwowarska leveraged the power of its brand to raise awareness of endangered species,” said Stephen McAneny, CCO of CANPACK Group. “Kompania Piwowarska’s campaign not only demonstrated the company’s commitment to the environment, but also did so in an engaging and thought-provoking way. This campaign is another example of how CANPACK’s unrivaled technologies like QUADROMIX...
AlCircle has strengthened its Sector Focus Report portfolio with the launch of new report- ‘ ‘Global Bauxite Industry Insights’’. The report promises to provide a deep insight into bauxite mining process, types and characteristics of bauxite, key players in bauxite mining, bauxite markets, upcoming bauxite projects, and world bauxite trade. World bauxite reserves exceed 30 billion tonnes, with Guinea, Australia, Vietnam, Brazil, and Jamaica accounting for more than 70% of the total. World bauxite production reached 370 million tonnes in 2019. Australia, Guinea, China and Brazil accounted for about 77% of global bauxite production. Global bauxite consumption for the production of alumina (smelter grade and chemical grade) is estimated at about 264.7 million tonnes in 2019. The onset of...
Industrial Production in Montenegro decreased 12.40% in the second quarter of 2020 over the same period in the previous year. As reported on 19 th August’20, the Montenegrin government said: “Montenegrin company Uniprom has launched a 15 million euro ($17.9 million) aluminium billets production unit at aluminium smelter KAP's factory in Podgorica. The unit has an annual production capacity of 70,000 tonnes of aluminium billets and a workforce of 80 employees. The Balkan nation’s bauxite import during 2017-19 was recorded at 1.91 million tonnes. The bauxite import for 2020 has been analysed with 707,923 tonnes. However, when the 2020 import figure gets assorted with the previous three years, it resembles 2.61 million tonnes. In 2017, Montenegro’s import of bauxite stood at 766,750 tonnes,...
According to a recent report, State-run Indian Oil Corporation (IOC) is planning to offer a more cost-effective alternative to lithium-ion batteries for electric vehicles and stationary applications by launching the first-of-its-kind aluminium-air batteries. These batteries are likely to be manufactured in sites closer to demand centres such as Chennai or Pune. In February 2020, Indian Oil Corporation bought a minority stake in Israel-based startup Phinergy, specialised in aluminium-air and zin-air battery systems. According to IOC’s Research & Development Director SSV Ramakumar’s statement to Financial Express, the company has already initiated discussions with the original equipment manufacturers (OEMs) in the Indian automotive sector. He said, “The aluminium-air batteries are expected...
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, announced that the company will have a strong finish by meeting its 2020 production target of 1,540,000 metric tonnes despite COVID 19 challenges. Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said:“As we navigate through this unprecedented time, Alba is reforming itself by capitalising on its Safety culture and human assets, increasing its operational resilience and agility, and re-thinking its cost structure. Despite the challenges, we remain committed to have a strong finish by meeting our 2020 Production Target of 1,540,000 metric tonnes.” The company held its Board of Directors’ Meeting virtually for the third quarter on Sunday 27 September 2020. The Board reviewed the...
