Camel Group is investing approximately VND 2.7 trillion (USD 106 million) in a new aluminium packaging factory in Quang Tri, Vietnam, with an annual production capacity of up to 1 billion packaging products. Covering nearly 10 hectares, the facility is being developed in two phases. The first phase involves an investment of around VND 2.3 trillion (USD 90 million) and is designed to produce 700 million units annually. The second phase will receive nearly VND 400 billion (USD 16 million), adding capacity for another 300 million products a year. To learn the growing contribution of aluminium flat rolled products in the packaging sector, explore our report " ALuminium in Packaging: Consumer Trends and Market Dynamics " Le Quang Thinh, a member of Camel Group’s Board of Directors, said the...
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...
Grow with
AL Circle
South Korea's imports of aluminium scrap from the US stood at 21,600 tonnes in June, with a year-on-year decrease of 4%. South Korea had imported 22,500 tonnes in June 2019. On a monthly basis, imports declined by 3.14% from 22,300 tonnes in May 2020, as updated by the US Census Bureau. South Korea imported 142,000 tonnes of aluminium scrap in the first six months of 2020, from 137,000 tonnes imported in the first six months of 2019. This marked an increase of 3.65% year-on-year. South Korea's imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 23,500 tonnes in June 2020.That was down 6% from 25,000 tonnes in June 2019 and 1.67% from 23,900 tonnes in May 2020. In January-June, total imports came in at 154,000 tonnes, an increase from...
According to the latest data shared by the US Geological Survey, the United States aluminium plates, sheets and bars imports rebounded to 74,500 tonnes in June 2020. In May, the country imported 68,500 tonnes, declining by 6,000 tonnes from April. The US imports in June saw an increase of 8.76 per cent month-on-month since the last hike in April from 23,300 tonnes in March to 74,500 tonnes. On a year-on-year basis, the US aluminium plates, sheets and bars imports in June 2020 shrank by 43.13 per cent from 131,000 tonnes. The United States aluminium semi-finished products imports in the first half of 2020 totalled 488,000 tonnes, down from 808,000 tonnes during the same period last year. In the second quarter, the United States aluminium plates, sheets and bars imports stood at 217,500...
The researchers from Peter the Great St. Petersburg Polytechnic University (SPbPU) developed metal with unique ductility during experimenting on high-performance Wire Arc Additive Manufacturing (WAAM). However, the outcome of the research made it clear that the ductility is three times higher than specified in the standard. The growth of WAAM productivity steered to the discovery of the unique properties of aluminium. Elongation of specimens during tensile tests of produced metal increased from 12% to 41% compared to its standard properties for the same chemical composition. This denotes that the material will be able to execute prolong with the same loading conditions. The developed WAAM technology with higher process rates helps to achieve better material performance. Oleg Panchenko,...
A00 aluminium ingot price registered a drop after remaining unchanged yesterday. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Wednesday, 09 September 2020 and is expected to move within a range of RMB 14560-14600 per tonne. In Foshan and Wuxi, the price declined by RMB 130 per tonne and RMB 140 per tonne to stand at RMB 14710 per tonne and RMB 14560 per tonne. Their average prices are expected to range within RMB 14690-14730 per tonne and RMB 14550-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne and 14680 per tonne, down RMB 120 per tonne and RMB 30 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14585 per tonne, RMB 14550 per tonne, RMB 14620 per tonne, and RMB 14470...
The safe-haven dollar climbed to a four-week peak on Tuesday, September 8, led by gains versus sterling on renewed worries about Brexit and as risk appetite waned with a sell-off on Wall Street. Three-month LME aluminium rebounded from an intraday low of US$ 1,775 per tonne to close 0.14 per cent weaker at US$ 1,795 per tonne on Tuesday, and is likely to move between US$1,780-1,810 per tonne today. As of Tuesday, September 8, both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1744 per tonne, declining by US$ 19 per tonne from US$ 1763 per tonne on September 7. 3-months bid price and 3-months offer price hovered at US$ 1783 per tonne versus US$ 1803.5 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1857.50 per tonne. The...
The SPF Institute for Solar Technology at the University of Applied Sciences in Eastern Switzerland (Ost) received the innovation prize from the "Stiftung Futur" for the development of electricity and heat production using aluminium as fuel. For two years now, the researchers at the SPF have been working on behalf of the Federal Office of Energy (SFOE) on electricity and heat production from aluminium and want to make heating oil and natural gas superfluous in buildings. "In addition to the buildings' heat requirements in winter, aluminium can also supply electrical energy," says Rapperswil. Together with the solar power generation on the roof and a heat pump, even buildings that are not connected to a heat or natural gas network can be completely heated and supplied with electricity in...
Robots are not efficient enough for Tesla’s new car factory in Germany, which plans to replace hundreds of them with giant aluminium casting machines to build simpler chassis parts, a person familiar with the matter brought up this information. The electric carmaker, Tesla, has struggled to increase production volumes through hi-tech automation and was forced to fly in a new production line from Germany to Nevada in 2018 after robots failed to coordinate seamlessly at the US factory. Elon Musk, CEO, Tesla said: “For the new Model Y, we will replace 70 components glued and riveted into the car’s rear under-body with a single module made using an aluminium casting machine.” “That’s just the start of a new automation drive, with the vehicle’s front module and other parts to come”, the source...
The latest data of Shanghai Metals Market showed that China’s alumina production in August 2020 stood at 5.97 million tonnes, including 5.76 million tonnes of metallurgical-grade alumina. This marked a slight growth of 1 per cent in comparison to the output of 5.7 million tonnes of metallurgical-grade alumina in July 2020. Increase in production at a few alumina refineries in Shanxi and commissioning of new capacities in south-west China contributed to the hike in August output. The daily average alumina output was also up by 1 per cent month-on-month and 3.41 per cent over the year to stand at 185,700 tonnes in August. The total production of metallurgical-grade alumina in the first eight months of the year amounted to 44.1 million tonnes, down by 5.35 per cent year-on-year. As of early...
One of the world’s leading independent aluminium traders, Trafigura Group Pte Ltd., has established a ‘low carbon aluminium’ financing platform of up to $ 500 million. Natixis and Rabobank supported Trafigura in the design and structuring of this innovative instrument. Trafigura’s first step towards the financing of this kind and for the wider market, the facility has been designed to meet growing demand from downstream manufacturers for low carbon aluminium and to support upstream producers in accelerating their transition to low carbon technologies. The platform will enable Trafigura to access financing at a preferential interest rate and, in turn, to pay a premium to low carbon aluminium producers. It follows Trafigura’s establishment of a low carbon aluminium trading desk in 2019, the...
According to the latest report revealed by the Shanghai Metals Market, China’s primary aluminium production recorded a rise of 6.13 per cent year-on-year to stand at 3.19 million tonnes in August 2020. As of the end of August, the country had 37.62 million tonnes of capacity in operation among 42.48 million tonnes per year of existing capacity. Operating rates across major Chinese primary aluminium producers stood at 88.6 per cent, owing to the commencement of new capacities in Yunnan and Sichuan. The daily average primary aluminium output rose 2,200 tonnes from July to 103,000 tonnes in August. During the first eight months of the year, China’s primary aluminium output totalled 24.32 million tonnes, up 3.19 per cent year-on-year, while consumption came in at 24.56 million tonnes after...
The US imports of crude metal and alloys declined by 16.83% year-on-year to stand at 262,000 tonnes in June 2020. Crude metal and alloys import were at 315,000 tonnes in June 2019. On a month-on-month comparison, imports reduced by 17.09% from 316,000 tonnes in May, according to the latest Mineral Industry Survey report from US Geological Survey. In the first six months of 2020, the US imported 1.83 million tonnes of crude metal and alloys as compared to 1.81 million tonnes in the first six months of 2019, which indicates an increase of 1.1% year-on-year. On the export side, the US exported 15,900 tonnes of crude metal and alloys in June 2020, from 19,000 tonnes exported in June 2019, down16% year-on-year. On a month-on-month basis, the exports rose 75.5% from 9,060 tonnes. In H1 2020,...
Even amidst the slowdown in mining activities at the Bauxite Hills Mine, Queensland, in the wake of the COVID-19 pandemic, Metro Mining Limited has not witnessed any dive in its shipments. Rather the company’s shipments have continued to grow, having August shipping rates returned to the levels recorded prior to July. Metro shipped 520,000 wet metric tonnes of bauxite in August, up by 64,000 tonnes from 456,000 wet metric tonnes in July. So, the total amount shipped year to date comes in at 2.23 million wet metric tonnes. In the June quarter, Metro mined 1.42 million wet metric tonnes. Metro stated the mine’s 2020 operational results demonstrated the capability of the Bauxite Hills Mine operating at a four million tonnes a year rate using its existing plant and equipment. Metro managing...
HCP has announced the acquisition of the remaining 50% shares of Hetian Packaging (Huai'an) Co., Ltd. The company is now a wholly owned subsidiary of HCP Group. “With this 100% ownership, HCP now have direct control of manufacturing and development capabilities of aluminium which is becoming more and more important to the cosmetic market. This adds to an already strong plastic cosmetic container manufacturing capability of HCP and forms a complete supply chain,” HCP said. Hetian Packaging is among the biggest aluminium parts forming and anodizing factories in China. The company has been an aluminium parts supplier to the HCP group since its establishment in 2013. HCP will plan to invest in its’ manufacturing capacity and new product development and innovation. HCP now has 10 manufacturing...
The economy of the Czech Republic is a developed export-oriented social market economy based on services, manufacturing, and innovation that maintains a high-income welfare state and the European social model. While the automotive industry is the Czech Republic's largest industry, other key sectors in the region include machinery, iron and steel production, metallurgy, chemical production, electronics, transport equipment, textiles, glass, ceramics, defence and pharmaceuticals. The Central European nation’s aluminium scrap export during 2017-19 has been recorded at 170,364 tonnes with the revenue generation remained at $172.41 million. The estimated aluminium scraps export for 2020 to stay at 66,106 tonnes and earnings to stand at $61.13 million. However, when the analysed 2020 export...
FYI Resources has reportedly signed a memorandum of understanding (MoU) with Alcoa of Australia to advance the development of high purity alumina (HPA) refining technologies. FYI has already started developing a process for producing high-quality HPA in the face of a limited supply of the product. The new agreement between Alcoa and FYI Resources is supposedly seeing the possibility of commercialising HPA refining project and establishing offtake customers into HPA markets. Having both the company’s technical capabilities and capacities in producing alumina, the agreement is also expected to lead to a joint venture in the future. FYI managing director Roland Hill is pleased to have signed an agreement with Alcoa, one of the world’s most successful alumina producers, to potentially develop...
Three-month LME aluminium firmed 0.31% to end at US$1,797.5 per tonne on Monday. The contract is expected to fluctuate between US$1,760-1,820 per tonne today. As of Monday September 7, LME aluminium cash (bid) price stands at US$ 1763per tonne, LME official settlement price stands at US$ 1763per tonne; 3-months bid price stands at US$ 1803.50 per tonne, 3-months offer price is US$ 1803.50 per tonne; Dec 21 bid price stands at US$ 1878.50 per tonne, and Dec 21 offer price stands at US$ 1878.50 per tonne. The LME aluminium opening stock stood at 1533625 tonnes. Live Warrants totalled 1318150 tonnes, and Cancelled Warrants were 215475 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1794.03per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
BHF METALS has joined Aluminium Stewardship Initiative (ASI) as a new General Supporter member. This brings the total number of ASI members to 131. ODDO BHF METALS operates in non-ferrous metals (Aluminium, Copper, Zinc and Tin) offering a full range of services for the metal processing industries: access to the physical market, optimization of the logistics and supply chain and innovative solutions for financing and hedging. ASI is a global, multi-stakeholder, non-profit standards setting and certification organisation that aims to recognise and foster the responsible production, sourcing and stewardship of aluminium. ODDO BHF METALS is a department of ODDO BHF SCA, the first independent Franco-German financial group. ODDO BHF METALS, already ISO 9001 & 14001 certified, is proud to be a...
According to a Reuters report, GFG's aluminium business Alvance is eyeing takeovers in order to triple its manufacturing capacity. The chief executive said that the company is aiming to create a vertically-integrated group. Alvance plans to enhance its capacity to 1 million tonnes annually of primary aluminium in three years from the current level of 332,000 tonnes. The group is eyeing acquisitions that include green energy to meet its goal of becoming carbon neutral by 2030, CEO Arnaud de Weert told the online CRU World Aluminium conference. “We’re looking at whatever’s coming on the table and talking to the people who own assets that would fit our portfolio,” De Weert said. “And we’re in a little bit of luck because it seems that quite a few primary producers and integrated players are...
