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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Alba’s Chief Executive Officer Ali Al Baqali was a key speaker at the Virtual International Aluminium Conference 2020 by Fastmarkets. The conference was held from from 21 to 23 September 2020. The session focussed on current issues faced by the aluminium industry including COVID-19 – impacts, actions, expectations; Aluminium fundamentals – macro backdrop, end-use industries; and China and Aluminium supply. Al Baqali also highlighted the company’s response strategy to COVID-19 and lessons learnt, as well as emphasised on its focus in respect to Safety, Efficient Operations and Lean Cost Structure. During the CEO Fireside Chat on 23 September, gave insights on Alba’s approach to sustainability and societal impact. Al Baqali said:“Sustainability is not only about being a green smelter, it is...
The EU Commission on 23 rd September’20 has approved Gränges’ acquisition of the Polish flat-rolled aluminium producer Aluminium Konin. The acquisition is thereby approved by all relevant competition authorities. Today’s announcement is followed by the 28 th November 2019 Gränges’ agreement to acquire Aluminium Konin from Boryszew Group. The transaction was subject to regulatory approval by relevant competition authorities. The acquisition will strengthen Gränges’ product offering and presence in Europe and contribute with strong positions in new attractive niche markets. The deal amount of Gränges acquirement to Aluminium Konin was signed for SEK 2.3 billion on a cash and debt-free basis. Aluminium Konin adds new capabilities and capacity to expand Gränges’ offering for future...
Hydro will resume aluminium production at line B at the Husnes primary plant in Norway by the end of November. The decision to restart was delayed earlier this year due to the market collapse caused by the Covid-19 pandemic. Husnes had nearly completed an NOK 1.5 billion upgrade project to restart line B with technology spin-offs from the Karmøy technology pilot to lift operational and environmental performance to world-class standards. “We are very happy to finally bring Husnes line B back in operation, taking advantage of the extensive technology upgrades we have made and allowing our employees and the Husnes community to look toward the future after years of uncertainty,” said Eivind Kallevik, Head of the Primary Metal business. The plant has been running for more than a decade at half...
Alcoa, the global leader in bauxite, alumina, and aluminium products on 23 rd September’20, announced the diversification of its Sustana™ product line with the inclusion of EcoSource™, the industry’s first low-carbon smelter-grade alumina brand. EcoSource is produced with no more than 0.6 tonnes of carbon dioxide equivalents (CO 2 e) per tonne of alumina, two times better than the industry’s average of 1.2 tonnes of CO 2 e. Alcoa’s measurement includes direct emissions from the Company’s bauxite mining and alumina refining processes and indirect emissions from the energy consumed in those processes. Alcoa runs the global largest third-party alumina business, and its refining system has the industry’s lowest carbon footprint. The refineries that produce EcoSource™ alumina have an average...
Revolutionary Bulk Transport Equipment (BTE) aluminium chassis tipper has helped in the farming operation of Peter and Tracey Kruger. Peter and Tracey Kruger bought the aluminium chassis tipper to replace its 18-year old steel tipper. In March 2020, the Krugers laid their eyes for the first time on this BTE product on a visit to the Wimmera Machinery Field Days at Horsham. On purchasing the equipment, Peter Kruger said that it would be used primarily for hauling grains, fertiliser, lime, and gypsum to and from the farm, with the lighter tare weight providing a useful payload gain. He said, “Our previous unit was all-steel construction and a bit heavy so we’re trying to get the payload up. The new unit should be a tonne or so lighter than the steel one." For choosing the chassis tipper...
Altech Chemicals Limited has made public that it is in the final development stage of a high purity alumina (HPA) grade that is specifically designed for anode applications within lithium-ion batteries. This initiative is in reaction to lithium-ion battery anode development trends that Altech has identified in Europe from its engagement with potential HPA users, and its work with research organisations such as the international renowned Fraunhofer-Gesellschaft Institute. The initiative also offers another potential avenue to secure a portion of future HPA production at a predetermined floor price, which would support project financial close. HPA is commonly applied as a coating on the separator sheets used within a lithium-ion battery; as alumina coated separators improve battery...
Maan Aluminium has been conferred the Two Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce and Industry in accordance with the provision of Foreign Trade Policy, 2015-20. “Two Star Export House Recognition Certificate has been issued on September 10, 2020, which is being received by the Company on September 22, 2020, according to the company statement. Maan Aluminium, engaged in the business of manufacturing of aluminium profiles and other related activities, reported net sales of INR 49.93 crore in the June quarter 2020, down 63.26% year on year. Net profit declined by 29.39% to stand at INR 1.61 crore in June quarter 2020. The company had reported net profit of INR 2.28 crore in June quarter 2019. EBITDA stood at INR 3.65 crore in June 2020, a drop of...
According to a Reuters report, the metal industry sees no need for a separate platform on the London Metal Exchange (LME) to trade low carbon aluminium. The industry thinks the exchange should focus on services instead that users need more urgently, such as euro-denominated steel contract. Last month, LME outlined its plans for a spot trading platform for low carbon aluminium with a view to support sustainable metal production and sought feedback from the metal industry. A few industry sources, on the condition of anonymity, said the market had the tools needed for consumers willing to pay a premium for sustainable metal. “LME contracts give you a basic price. If you have additional requirements - location, producer, shape of metal, warehouse company - there will be premiums to pay,” a...
Ukraine is a developing country and ranks 88th on the Human Development Index. As of 2020, Ukraine is the poorest country in Europe alongside Moldova in terms of GDP per capita. Ukraine has a mixed economic system in which there is limited private freedom, combined with centralized economic planning and government regulation. The major industrial sector that contributes to the economy of Ukraine is coal, electric power, ferrous, aluminium, machinery and transport equipment, chemicals, food processing, etc. The Eastern European nation’s alumina exportation during 2017-19 has been recorded at 8.23 million tonnes. The analysed import of alumina for 2020 has been marked at 3.35 million tonnes, however, when it gets added to the existing three years it depicts 11.58 million tonnes. In 2017,...
The Scottish Government has earmarked £70 million to improve waste and recycling infrastructure. The investment is one of a number of initiatives planned to help increase recycling and build a circular economy. Environment Secretary Roseanna Cunningham is reminding everyone of the importance of recycling to Scotland’s green recovery. These include Deposit Return Scheme and the introduction of legislation to raise the minimum price of carrier bags from 5p to 10p. Deposit Return Scheme is likely to capture 90% of single-use aluminium and steel cans, glass and plastic bottles. Cunningham said: “Long-term initiatives to tackle our throwaway culture and encourage a circular economy - helping people to reduce, reuse and recycle – are vital to our green recovery and ensuring we end Scotland’s...
Alupro, the aluminium packaging recycling organisation, has announced its support to Recycle Week, which is being held from September 21-27. Recycle Week, organised by Recycle Now, will run under the banner ‘Together We Recycle’. It aims to celebrate household recycling through the COVID-19 pandemic. Rick Hindley, executive director of Alupro, commented: “2020 has been a hugely challenging year. It has, however, highlighted the changing perceptions and widespread determination of householders to recycle their packaging waste, alongside the sheer resilience of the waste management industry. “Since the start of the year, the UK’s aluminium recycling rates have continued to increase. It’s hugely positive to see such progress through kerbside, bring and on-the-go systems, as well as aluminium...
Hydro has received certification for the supply of Hydro REDUXA aluminium as rolled products, extending the low-carbon portfolio. DNV GL, an independent classification society, has certified the company’s entire process chain, down to finished strip and sheet from the rolling mill in Karmøy, Norway, in accordance with the Hydro REDUXA standard. “This is an important step for Hydro in expanding our low-carbon aluminium offerings. We believe there is demand in the market for these kinds of products across our key segments,” said Einar Glomnes, Executive Vice President for Rolled Products. Hydro REDUXA, made using renewable energy from hydropower, wind and solar, reduces carbon emissions. The Karmøy rolling mill can deliver coils or tailored sheet, mill-finished or painted, from several...
Aluminium ingot prices registered a drop across all major markets in China on Wednesday, 23 September 2020. SMM aluminium ingot price recorded a decline of RMB190 per tonne from yesterday. The price now stood at RMB14560 per tonne. The average price is likely to range at RMB14540-14580 per tonne. In Foshan and Wuxi, the price declined by RMB 190 per tonne and RMB 195 per tonne to stand at RMB 14730 per tonne and RMB 14555 per tonne. Their average prices are expected to range within RMB 14710-14750 per tonne and RMB 14540-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne each, down RMB 190 per tonne and RMB 200 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14550 per tonne, RMB 14570 per tonne, RMB...
On 23 rd September’20, Lindian Resources announced that it has signed a binding agreement to acquire a 75% interest in Sarmin Bauxite Limited, a private company that holds the rights for the Lelouma Bauxite Project in Guinea. Lindian will get the opportunity to earn a 75% stake in the 847 million tonnes Lelouma deposit by issuing the vendors 30.7 million shares valued at 1.6c each and delivering a definitive feasibility study. The Lelouma Project has an exceptional resource base and has been systematically explored with over US$10 million of historic expenditure by Sarmin and Lelouma’s previous owner, Mitsubishi Corporation. The plateaux hosting the Lelouma bauxite mineralisation are located around 100km northeast of Sangarédi, site of the CBG railway line loading area. The rail line is...
Aluminium Stewardship Initiative has certified Kunshan Aluminium Co., Ltd. against Custody Standard Certification for its production facilities in Kunshan City, Jiangsu Province. The news came after ASI officially announced on Wednesday, September 23, that it successfully certified the facility for responsible and sustainable aluminium foil production. The facility’s products are destined for the use in downstream sectors, including food, cigarettes, medicine, daily necessities, cosmetics, and other high-end packaging foil and high-grade foil for the electronics industry. The plant has a capacity of 25,000 tonnes of aluminium foil per year. In February 2020, Kunshan Aluminium Co., Ltd. achieved ASI Performance Standard Certification. Fiona Solomon, Chief Executive Officer at ASI said, “We...
As of Tuesday, September 22, Three-month LME aluminium weakened 0.17 per cent to close at US$ 1,779 per tonne after hitting its lowest in nearly two weeks earlier in the session. LME aluminium cash (bid) price and LME official settlement price decreased from US$ 1752.50 per tonne to US$ 1744 per tonne on Tuesday, September 22. 3-months bid price and 3-months offer price hovered at US$ 1785.50 per tonne, declining from US$ 1793 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 1860.50 per tonne. The LME aluminium opening stock further plunged to 1493175 tonnes. Live Warrants stood at 1232750 tonnes, while Cancelled Warrants at 260425 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1777.90 per tonne, as of Tuesday, September 22. SHFE Aluminium Price Trend...
Bluetek debuts with universal aluminium cladding board that can be fixed to a framework or directly to the wall, indoors and outdoors. The specialist in smoke extraction and overhead lighting offers an all-in-one cladding system with its new Bluenéa aluminium strip. This can be installed as cladding with or without thermal insulation from the outside (ITE), cladding, interior facing, cladding under crawling converted attics or even fencing. The slat is easily fixed, by simple interlocking at the bottom and mechanical fastening at the top, be it support of metal or wood frame, or directly on the wall and no need for specific screws. The Bluenéa board is available in a raw finish, in 10 powder-coated, 6 anodized and 4 wood finishes, and different aspects of smooth, metallic, sandblasted,...
Alucast’s fresh £2.5 million investment in its new CNC machining shop is paying off, as the new technology is playing a vital role by supporting the firm to secure new contracts in the electrification sector. The UK’s leading independent aluminium foundry is using its up-scaled five-axis capability and Magmasoft casting simulation to develop and produce a line-up of complex casings and housings for high profile car makers across Europe. Some of these products are liquid-cooled and feature complex core designs, requiring high integrity castings that must be leak-proof and finished with the latest machining techniques. During the early days, the management team at the Wednesbury manufacturer is expecting volumes destined for electric powertrain/vehicles to account for 25% of its turnover...
