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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According to a Reuters report, Regal Metal announced it will construct a recycled aluminium project in Shanxi province. The plant will have an annual capacity of 300,000 tonnes of secondary aluminium. The project worth 500 million yuan will be completed in two years with two phases of construction, according to a company statement. The production is likely to start in April 2021 in the first phase. The first phase of the project involves 100,000 tonnes of secondary aluminium capacity. The plant will manufacture recycled aluminium alloy ingots, high-performance magnesium alloy ingots and other projects. China’s Regal Metal’s project is part of revitalisation of old and abandoned assets, supported by the local government, and building of new assets. China produced 5.86 million tonnes of...
Aluminium Bahrain (Alba) has inked a Memorandum of Understanding (MoU) with University of Bahrain (UoB). This will help boost cooperation between the two entities in various areas of research and academic programmes. Alba’s CEO Mr. Ali Al Baqali said: “This MoU is an extension of the collective initiatives over the years between Alba and UoB in different fields. This national partnership is set to enhance our joint efforts to invest in the Human Capital and accordingly build the capabilities of Bahraini nationals in line with Bahrain Economic Vision 2030.” In addition to developing academic programmes to support the industrial sector in Bahrain, this MoU will accelerate various research projects as well as enable higher education students to conduct research and studies which will add...
The United States decision to withdraw the 10% tariff on Canadian aluminium import has been commended by many industry groups and associations, but the confusion which remains on is the import volume benchmark by the United States Trade Representative’s office in place of the tariff. On 18 th September’20, The Aluminum Association said it supported tariff- and quota-free trade within North America and was reaching out to the USTR to clarify details regarding the import target levels. It remains unclear exactly how this system might be implemented or enforced, and Canada has indicated that it did not agree to any import controls or quotas. The USTR said: “It expects shipments of non-alloyed, unwrought aluminium from Canada to be no greater than 83,000 tonnes for September, 70,000 tonnes...
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 6 per tonne on Monday, 21 September 2020 to stand at RMB 2334 per tonne, after remaining flat at 2333 per tonne since September 10. Alumina price in Shandong has risen by RMB 5 per tonne to stand at RMB 2325 per tonne. The prices of alumina in Henan, Shanxi, Guizhou, Guangxi China markets have remained unchanged at RMB 2340 per tonne, RMB 2320 per tonne, RMB 2355 per tonne and RMB 2355 per tonne on Monday, 21 September 2020. SMM aluminium ingot price has started the week higher at RMB 14790 per tonne on Monday, 21 September 2020 from Friday’s price of RMB 14780 per tonne. This marks a growth of RMB 10 per tonne. The price is expected to range at RMB 14770-14810 per tonne. In Foshan and Wuxi, the...
Most trade associations that represent the US and Canadian aluminium industries cheered the US surprise announcement of removing tariffs on the Canadian aluminium. Some also took issue with the quota system that has taken place. “Canada’s aluminium industry is glad to regain its continued tariff-free entry into the US market as it strives to meet its integrated value chain requirements in a post-Covid recovery,” said Jean Simard in a statement, president and chief executive officer of the Aluminium Association of Canada. The US Chamber of Commerce and groups representing the US automotive sector also applauded the tariff removal. “What American manufacturers need now is certainty that these tariffs won’t make another reappearance,” said Myron Brilliant, the chamber's head of international...
As of Friday, September 18, three-month LME aluminium increased 0.81 per cent to close at US$ 1,795.5 per tonne in choppy trading and is likely to fluctuate range-bound in the short term. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1745 per tonne on September 18, growing by US$ 1.50 per tonne from Thursday, September 17. 3-months bid price and 3-months offer price hovered at US$ 1785.50 per tonne, up by US$ 2.50 per tonne from US$ 1783 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1862 per tonne. The LME aluminium opening stock declined to 1504175 tonnes. Live Warrants stood at 1245950 tonnes, while Cancelled Warrants at 258225 tonnes. LME aluminium 3-months Asian Reference Price was at US$ 1793.92per tonne, as of...
Genesis, the upscale spinoff of Hyundai Motors is preparing to launch the 2021 G80 and GV80 in the United States. The company's third-generation rear-wheel-drive platform is the basis of the G80 and GV80 and using this architecture in the GV80, Genesis was able to give the SUV a low profile, a wide stance, and a spacious interior. Genesis takes particular pride in the fact that the GV80 is one of the low-end vehicles in the segment, which means that it has a low centre of gravity as well as a low seating position which gives occupants plenty of room in the vehicle. Of course, the GV80 was also designed to be exceptionally safe, hence the reason Genesis uses four types of steel and aluminium throughout its construction. The use of aluminium also has the added benefit of reducing weight....
The success story of the new recycling line at the Sant’Antnin complex and the export of 6,550 tonnes of glass, the government, through WasteServ, prevails to show its determination at enhancing its recycling performance. An extensive recycling operation is currently underway with the sorting of recyclable material that has been collected on the Għallis landfill over the past three years. Through this operation, hundreds of tonnes of aluminium and metal recyclables are being given a new life as they re-enter the production chain to be transformed into new products. Aaron Farrugia, Minister for the Environment, Climate Change and Planning, announced this during a visit to the operation with WasteServ CEO Richard Bilocca, where around 12 tonnes of materials are being processed every day....
According to the latest USGS data on the United States alumina imports in Q2 2020, the volume grew quarter-on-quarter from 357,000 tonnes to 361,000 tonnes, up by 1.12 per cent. But on a year-on-year basis, the imports dropped by nearly 1 per cent from 364,000 tonnes. In the entire first half of 2020, the United States alumina imports totalled 718,000 tonnes, down by 27.25 per cent from 987,000 tonnes during the same period last year. Brazil continued to be the leading exporter to the US, supplying 197,000 tonnes of alumina in Q2 2020. In the first quarter of the year, Brazil supplied 233,000 tonnes of alumina to be the US, meaning the imports decreased quarter-on-quarter by 15.45 per cent in Q2. Over the year, Brazil’s alumina exports to the US dropped as well by 15.81 per cent from...
On 19 th September’20, the Government of India stated that a Cabinet note has been articulated for the vehicle scrapping policy. The note has been articulated by "Ministry of Road Transport and Highways (MoRTH) for Cabinet on the development of an ecosystem for voluntary and environment-friendly phasing out of unfit and old polluting vehicles," Minister of State for Road Transport and Highways VK Singh told in the parliament. The government had said earlier, that the proposed policy, once approved, will apply to all vehicles. The policy was sent for a fresh round of consultation with stakeholders in the direction of the PMO. Nitin Gadkari, Minister of Road Transport and Highways, had earlier said in 2020 that once the policy is approved, India could emerge as a hub for automobile...
Aluminium Stewardship Initiative is pleased to welcome its 133rd member Euro Alloys in the General Supporter member class. Euro Alloys for over 30 years is successfully trading nonferrous metals globally, as the trading arm of one of the leading wire rod producers of the world – Sural. Euro Alloys is a leading specialist for the marketing and supply of aluminium and copper wire rod for the cable and steel industries. “We are looking to work with ASI in support of our clients in the aluminium cable and castings industry as part of the general focus on corporate social responsibility,” said Euro Alloys on being welcomed by ASI. Thomas Tumoscheit, Managing Director of Euro Alloys Ltd, said: “Euro Alloys is involved with various parts of the aluminium supply chain from primary production to...
SMM aluminium ingot price witnessed an upward movement over the week, except Monday and Thursday. The price stood lower at RMB 14580 per tonne on Monday, September 14. But the price increased by RMB 30 per tonne and RMB 70 per tonne to stand at RMB 14610 per tonne and RMB 14680 per tonne on Tuesday and Wednesday. The price ended the week higher at RMB 14780 per tonne, up RMB 190 per tonne from Thursday. According to the Shanghai Metals Market, social inventories of primary aluminium ingots in China have shrunk by 24,000 tonnes this week ending on Thursday, September 17. The inventories across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes, as of September 17. The aluminium alloy (ADC12) price performed higher over the week. The week started...
Three-month LME aluminium trended down this week during September 14-18 from US$ 1802 per tonne to US$ 1,781 per tonne. Starting the week with a hike of 1.52 per cent to US$ 1,802 per tonne, three-month LME aluminium on Tuesday, September 15, fell 0.47 per cent to settle at US$1,793.5 per tonne. On Wednesday, September 16, it closed further lower at US$ 1,789.50 per tonne, and on Thursday, September 17, at US$ 1,781 per tonne. LME aluminium cash (bid) price and LME official settlement price recorded a mere downfall over the week during September 14-18. The prices began the week with two consecutive days of rises from US$ 1746.50 per tonne to US$ 1749 per tonne on Monday and then to US$ 1767 per tonne on Tuesday, September 15. On Wednesday, September 16, both LME aluminium cash (bid) price...
The Aluminium Association of Canada has applauded the United States decision to remove recently reimplemented Section 232 tariffs on imports of unwrought, or P1020, aluminium from Canada. “Canada’s aluminium industry is glad to regain its continued tariff free entry into the U.S. market, as it strives to meet its integrated value chain requirements in a post-COVID recovery,” said Jean Simard, president & CEO of the Aluminium Association of Canada. “Our shared future through a renewed CUSMA rightly deserves our best effort on behalf of our workers, their families and their communities.’’ “Our industry fully supports the Government of Canada’s position regarding the removal of tariffs and its clearly stated intention to retaliate at any point in time should the U.S. decide to reimplement...
Cameroon projects to build the Grand Eweng dam with a capacity of 810 MW by 2028 in alliance with the American company Hydromine. The power plant’s output will supply the aluminium sector, part of the Cameroonian population and the rest will be exported to Chad. The Central African nation has just floated the project to build the hydroelectric dam at Grand Eweng with a capacity of 810 MW. The infrastructure is worth an estimated $ 3 billion. It will be built on the Sanaga River, of which it will be the fifth hydroelectric power station and will come into service by 2028. According to Lucas Briger, Vice President of Development and Operations at Hydromine stated the power of the infrastructure will subsequently be increased to 1,000 MW. “The Grand Eweng was originally intended for...
Hycast AS, a fully owned subsidiary of Hydro, has entered into an agreement with Alu Iberica to provide casthouse technology for two aluminium plants in northern Spain. The contract worth €9.7 million includes design and supply of equipment for casting extrusion ingots based on recycled aluminium. The technology will now be used at Alu Iberica’s aluminium plants in Aviles and A Coruña. “We are pleased to be part of and contribute to the transformation of these plants, and to accelerate our own growth in such a competitive international market,” said Ola Furu, Head of Project and Sales in Hycast. “More than half of the contract’s amount is to be spent on material and services, which opens up for new opportunities for our local and regional suppliers.” Hycast, a leading, global supplier of...
Houston, Texas-based, Applied Cryo Technologies (ACT) has exhibited the ‘Goldilocks’ Microbulk delivery semitrailers series, the company manifest it as a game-changer. The newest addition to ACT’s diverse product portfolio of mobile cryogenic solutions is lightweight aluminium mini-trailers available in overall lengths of 24’, 26’, 28’, 30’, 32’ and 34’. The company is a manufacturer of highly engineered equipment servicing multiple applications throughout the industrial gas and energy industries and ‘Goldilocks’ microbulk delivery trailer is a perfect fit for the ever-evolving needs of the microbulk distribution market. Tim Lowrey, Vice-President – Sales, ACT, said: “ACT’s Goldilocks microbulk mini-trailer series brings together the perfect combination of over-the-road payload, delivery...
AlCircle Team is fully geared to welcome you all to its first-ever online “ Global Aluminium Expo 2020 ”, where you can exhibit your brand, share success stories, explore new business opportunities, and meet and greet some old and some new customers. In short, welcome to an ideal platform of business development and networking, during the time when travel is a constraint and so is meeting people in person. This event also assures you to be able to gather rich and right information on the current market condition of the aluminium industry in order to help you take right business decision at the time of unprecedented crisis. In this exhibition, you will get an opportunity to rub your shoulders, but virtually, with industry leaders from every walk of the aluminium industry, right from...
