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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Canyon Resources Ltd has appointed Peter Su as a Non-Executive Director, following the successful $10m equity placement in the Company. Canyon’s Chairman, David Netherway said, “I am pleased to welcome Peter Su to the Canyon Resources Board of Directors. Peter has shown his support for the Company and the Minim Martap Bauxite Project by his investment into the Company and his background and contacts within the bauxite and alumina industries in China will assist the timely development of the Project.” The Placement introduced Peter Su as a new strategic investor in Canyon. Su has subscribed for approximately $5.6m at $0.10 per Share, representing a 9.4% shareholding in Canyon post-Placement. Su has agreed to place his shares acquired in the placement into voluntary escrow for 6 months from...
Three-month LME aluminium fell 0.47% to settle at US$1,793.5 per tonne on Tuesday, after hitting its highest in two weeks at US$1,810.5 per tonne earlier in the session. The contract is likely to move between US$1,770-1,820 per tonne today. As of Tuesday September 15, LME aluminium cash (bid) price stands at US$ 1767per tonne, LME official settlement price stands at US$ 1767per tonne; 3-months bid price stands at US$ 1806.50 per tonne, 3-months offer price is US$ 1806.50 per tonne; Dec 21 bid price stands at US$ 1882 per tonne, and Dec 21 offer price stands at US$ 1882 per tonne. The LME aluminium opening stock stood at 1513925 tonnes. Live Warrants totalled 1255675 tonnes, and Cancelled Warrants were 258250 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a hike for the second consecutive day by RMB 70 per tonne to stand at RMB 14,680 per tonne on Wednesday, September 16. The average prices are expected to range between RMB 14,660 per tonne and RMB 14,700 per tonne, with spot contract to be traded at a premium price of RMB 100-140 per tonne. SMM data shows A00 aluminium ingot price has grown the highest in Foshan, Chongqing, and Linyi by RMB 70 per tonne to stand at RMB 14,810 per tonne, RMB 14,675 per tonne, and RMB 14,710 per tonne, respectively, as of September 16. In Wuxi, Shenyang, and Gongyi, the primary aluminium ingot price has surged by RMB 60 per tonne to come in at RMB 14,680 per tonne, RMB 14,665 per tonne, and RMB 14,570 per tonne. In Hangzhou and...
On 15 th September’20, the United States of America declared that it would no longer impose a 10% tariff on Canadian aluminium imports. It has been presumed that following the rise of retaliation from Ottawa, Donald Trump administration has changed its mind. The duty-free treatment will be retroactive to September 1. The Office of the US Trade Representative (USTR), however, has published a list of expected maximum monthly shipments of aluminium and warned it will re-impose the tariff if imports exceed those amounts. USTR said in a statement: "After consultations with the Canadian government, the United States has determined that trade in non-alloyed, unwrought aluminium is likely to normalise in the last four months of 2020, with imports declining sharply from the surges experienced...
It’s now been over a year since IAG Cargo, the cargo handling division of International Airlines Group took delivery of the A350-1000, the latest reprisal of the future-facing, wide-body aircraft from Airbus. The aircraft A350-1000 made from a combination of carbon composites, titanium and aluminium alloys, offers lower fuel burn and less carbon dioxide emissions than other aircraft, with its nitrogen oxide emissions nearly a third below the current industry standard. The aircraft features the most powerful engine within the Airbus fleet with 97,000 pounds of thrust on take-off, and, at over 240 feet long, measures close to the length of a football field. The additional payload capability and range means that the A350-1000 can manage long-haul IAG Cargo routes such as to Austin, Dubai,...
Rio Tinto will initiate its first closed-loop recycling solution to complement its low carbon footprint aluminium billet production, delivering consumers with a sizable choice to meet the rising consumer demand for sustainable products. The service will be available from 2021, offering customers in North America a new scrap take-back solution and production of high-quality alloys made with recycled content. Tolga Egrilmezer, Rio Tinto Aluminium Vice President Sales and Marketing said “Our focus is on working with customers to deliver high-quality products that respond to their needs and we have developed this new recycling solution after requests from customers who want options to reprocess their extrusion scrap. It’s an offering that combines responsibly produced primary aluminium and...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced consolidated financial results for the quarter ended June 2020. The company reported net loss of INR 2.86 crore in the quarter ended June 2020 as against net loss of INR 0.84 crore during the previous quarter ended June 2019. Sales of Hind Aluminium stood at INR 20.67 crore in the quarter ended June 2020, a drop of 84.78% year-on-year. The company had reported sales of INR135.83 crore during the previous quarter ended June 2019. Hind Aluminium Industries Limited is engaged in manufacturing conductors for power transmission and distribution in Dadra & Nagar Haveli, Silvassa (UT), India. The plant also manufactures...
The specialty chemicals group ALTANA has expanded its portfolio in industrial 3D printing with the acquisition of the British company Aluminium Materials Technologies Ltd. (AMT). AMT develops the patented special alloy A20X for 3D printing, setting new standards in strength and weight. “AMT and its A20X alloy complement TLS’ capabilities, enabling us to offer users even more high-performance materials in the future, including in the aerospace industry, a key market for metallic 3D printing,” said Dr. Wolfgang Schütt, head of ALTANA's ECKART Division. With the economic challenges posed by Covid-19, the importance of 3D printing will continue to grow. ALTANA has also acquired the business of TLS Technik GmbH & Co. Spezialpulver KG, an internationally leading manufacturer of metal powders...
Born from a passion for the sea, Tankoa Yachts embodies the concept of “thinking big” and this time it has floated a highly anticipated 50m all-aluminium superyacht M/Y Olokun. The third hull of Tankoa’s S501 features exquisite exterior design by Francesco Paszkowsk and interiors by Casadio Miami/London. Floated this weekend from the boutique yard in Genoa, the S501 series has been fine-tuned and perfected to a new standard of technical and aesthetic prowess on M/Y Olokun. With a semi-displacement hull, Olokun is powered by conventional diesel propulsion to reach top speeds of 17.5 knots and cruising speeds of 14 knots. It features a similar layout to the existing launches in the range, including fold-down balconies in the owner’s suite on the forward main deck, a side-loading tender...
In 2019, the share of agriculture in Finland's gross domestic product was 2.22%, the industry contributed approximately 23.97% and the services sector contributed about 60.35%. The Northern European nation’s importation of alumina remained oscillating during 2017-19, as the import volume recorded was 8446 tonnes and the expenditure occurred during the importation remained at $10.87 million. The import for 2020 has been analysed to be at 3058 tonnes and expenditures to stand at $3.77 million. However, when the 2020 import volume and expenditures get assorted with the existing three years it exhibits 11,504 tonnes and $14.64 million respectively. Finland’s import of alumina in 2017 remained at 1774 tonnes and the expenditures stood at $2.16 million, whereas in 2018 the import saw growth by...
Vedanta’s Jharsuguda reiterates its commitment to leverage engineering, technology and innovation to boost India self-reliance in aluminium. The company also aims to fulfil raw material needs of critical sectors. The company targets to work in close collaboration with its technology partners, consultants and customers to lead a globally competitive aluminium industry in the post-pandemic world. CN Singh, CEO – Vedanta Ltd., Jharsuguda said, “Our commitment to emerge as the world’s most preferred aluminium producer is in line with our mission to be India’s partner in progress. Our world-class operations are a sought-after destination for India’s young engineers who want to be enabled and empowered to put their knowledge into action for superlative results. We are especially proud of our...
Huasheng alumina refinery, located at Fangchenggang Port, Guangxi, started trial production on September 10, having come online in August, said several sources to Fastmarkets on Monday, September 14. The commencement of trial production at Huasheng refinery followed after Chalco received a license for its 100,000-square-metre bonded bauxite warehouse in Guangxi region in southern China in June 2020. The warehouse, which has a storage capacity of 1.02 million tonnes of bauxite, would also serve Chalco’s Guangxi Huasheng alumina refinery. The new refinery, part of Chalco Group, has a total production capacity of 2 million tonnes per annum across two production lines, each having 1 million tonnes per year capacity. The construction of the refinery began in late 2018. The sources also added...
Aluminium output in China hit a new record high for a second month in August on higher production at smelters and robust demand outlook. According to the National Bureau of Statistics (NBS), aluminium production rose 2.3% month-on-month and 5.5% year-on-year. China produced 3.17 million tonnes of primary aluminium in August, from 3.1 million tonnes in July. Average daily production came in at 102,258 tonnes in August. That was up 2.3% from about 100,000 tonnes in July, according to Reuters calculations based on the NBS data. In the first eight month of 2020, aluminium production stood at 24.3 million tonnes, up 2.3% from same period a year earlier. A new production line with annual capacity at 150,000 tonnes at Henan Shenhuo Group commenced last month. The Group expects to be at full...
SMM aluminium ingot price registered a hike of RMB 30 per tonne to stand at RMB 14610 per tonne on Tuesday, 15 September 2020. The price is expected to range at RMB 14590-14630 per tonne. In Foshan and Wuxi, the price rose by RMB 60 per tonne and RMB 40 per tonne to stand at RMB 14740 per tonne and RMB 14620 per tonne on September 11. Their average prices are expected to range within RMB 14720-14760 per tonne and RMB 14610-14630 per tonne. Aluminium ingot prices in Hangzhou, Chongqing, Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14630 per tonne, RMB 14605 per tonne, RMB 14605 per tonne, RMB 14610 per tonne, RMB 14640 per tonne, and RMB 14512 per tonne. The aluminium alloy (ADC12) price stood at RMB 14400 per tonne on Tuesday, 15 September 2020, an increase of RMB 100...
GFG Alliance is committed to aid Alcoa’s troubled San Ciprián aluminium smelter in northwest Spain and is confident to find a solution for the smelter’s long-term sustainability if sources of power and alumina are guaranteed, said Jay Hambro, GFG’s Chief Investment Officer. In early August, GFG Alliance had hinted its interest in acquiring Alcoa’s 228,000 tonnes per year capacity smelter, as per some Industry sources. Hambro said in an interview on September 14, “This single site is Spain's single largest power consumer, energy costs are of vital importance to its success or failure and with a very sizeable investment in renewable energy in that part of Spain and broadly across Spain, we can create a cost-base for the smelter that will support a long-term future." He added, “GFG is trying...
The aluminium sector of Australia could become the model for the sustainable heavy industry by switching to low-cost, zero-emission electricity and investing in plant modernisation. The Institute for Energy Economics and Financial Analysis (IEEFA), an accomplished think tank for renewables, believes that not only is the cost of electricity a major obstacle to the industry’s global competitiveness, it is also one of the most emissions-intensive globally. The IEEFA highlighted in a new report, which focused on the aluminium smelters in Gladstone, Queensland: “An Aluminium-Led Energy & Industry Renewal for Central Queensland” that with operators losing money and considering closure, some 4,500 jobs in the region could be under threat.” “This failure is linked to their enormous electricity...
The US dollar slipped on Monday, September 14, against its major peers, dropping to a two-week low versus the yen, as positive news about a COVID-19 vaccine and a wave of merger and acquisition deals lifted the mood in global equity markets. Three-month LME aluminium ended 1.52 per cent higher at US$ 1,802 per tonne on Monday, after hitting an intraday high of US$ 1,805 per tonne earlier in the session. It is likely to move between US$ 1,780-1,820 per tonne today. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1749 per tonne on Monday, September 14, growing by US$ 2.50 per tonne from US$ 1746.50 per tonne on September 11. 3-months bid price and 3-months offer price hovered at US$ 1787.50 per tonne versus US$ 1785.50 per tonne on the previous day. Dec 21 bid...
Thyssenkrupp Elevator, one of the global leaders of elevator technology, has collaborated with Amplus Solar, a member of the Petronas Group to layout an onsite solar power unit at their Pune facility in Western India. Thyssenkrupp Elevator (India) has signed a Power Purchase Agreement (PPA) with Amplus Solar to procure 820 kWp of solar power for 20 years. Amplus Solar, headquartered in Gurgaon, India lately commissioned the 820 kWp solar power plant at the facility which includes 755 kWp of rooftop solar and a 65 kWp carport. The carport is unique in its construction, made up entirely of low weight, high strength Aluminium and has a premium design to match the aesthetic requirements of thyssenkrupp Elevator. Through this initiative, thyssenkrupp Elevator (India) will generate 1,067 MWh of...
