Aluminum casthouses are facing a growing operational challenge of increasing the use of recycled metal without compromising melt quality, recovery rates or production efficiency. As manufacturers look to incorporate more post-consumer recycled (PCR) aluminum, processing lightweight scrap, machining chips and other low-density materials has become increasingly important. Such materials are difficult to introduce into conventional melting furnaces, making efficient scrap feeding and submergence essential to improving recycling performance. The challenge extends beyond scrap preparation. Maintaining consistent temperature and chemical composition throughout the molten metal bath is critical to producing specification-compliant aluminum. Equipment used for circulation and stirring must...
ClearFlow Metalworks plans to invest $28 million in a new aluminum manufacturing facility in Russellville, Kentucky, marking an expansion of secondary aluminum production in the United States. The project is expected to create 50 full-time jobs, with its first phase designed to deliver an estimated annual production capacity of approximately 100,000 tons. The company, which focuses on sustainable aluminum recycling and production, will develop the facility in phases. Phase I will feature a secondary aluminum billet casting operation, processing recycled aluminum materials into billets for extrusion and other downstream manufacturing applications. The project will establish ClearFlow's manufacturing presence in the U.S. and support domestic demand for aluminum products while expanding...
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Dr Ernest Addison, Governor of the Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) of Parliament that the central bank does not hide information about proceeds accrued from the exportation of minerals including bauxite. Mr James Klutse Avedzi, the Chairman of PAC, raised the issue of bauxite receipts on 24 th June’20 during the Committee’s interaction with the central bank Governor after one member claimed that the bank had not disclosed some bauxite receipts. Dr Addison, while countering the issue said: “We have always disclosed how much we receive from all exports. It might not be in the statement of foreign exchange receipts and payment of the Bank of Ghana, but for the banking system as a whole, we do that in the balance of payment.” He added: “Bauxite is reflected...
Benchmark aluminium price on London Metal Exchange dropped 0.86 per cent to US$ 1564 per tonne on Wednesday, June 24, from US$ 1577.5 per tonne on Tuesday. As of Wednesday June 24, LME aluminium cash (bid) price stands at US$ 1564 per tonne, LME official settlement price stands at US$ 1564 per tonne; 3-months bid price stands at US$ 1586.50per tonne, 3-months offer price is US$ 1586.50 per tonne; Dec 21 bid price stands at US$ 1688.50 per tonne, and Dec 21 offer price stands at US$ 1688.50 per tonne. The LME aluminium opening stock stood at 1614100 tonnes. Live Warrants totalled 1427950 tonnes, and Cancelled Warrants were 186150 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1591.61per tonne. SHFE Aluminium Price Trend The market will be closed on Thursday and...
Hindalco Industries Limited has again reduced its aluminium prices in line with the market demand and supply, following a hike last week. The company has cut its aluminium ingot price by INR 2000 per tonne or 1.43 per cent, with effect from June 25, to bring down the price at INR 137,500 per tonne from INR 139,500 per tonne on June 18 . With the latest cut, Hindalco's aluminium wire rods and billets prices have come in at INR 148100 per tonne and INR 144100 per tonne, respectively, down by INR 2000 per tonne from INR 150,100 per tonne and INR 146,100 per tonne, as of June 18. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange. The three-month futures of aluminium declined more than 11% so far in 2020...
Aluminium Corporation of China Limited, popularly known as Chalco, has reported in a written statement that it is all set to send its shipment from a bauxite mine in Boffa, Guinea. A large ocean-going ship laden with high-quality bauxite from Boffa will soon arrive at the Fangchenggang port in the Guangxi Zhuang autonomous region, said the company on Wednesday, June 24. Chalco’s Boffa bauxite mine project is a major cooperation between China and Guinea. The project started its construction work in 2018 and is about to complete two months ahead of schedule. Industry analysts believe that this project will not only bring mutual benefits and win-win results for both sides but will also become an important source of overseas bauxite resources for Chalco. "China's mining companies have been...
Pierre Fitzgibbon, Quebec's Minister of the Economy said that he is "convinced" that there is no reason for the United States to impose tariffs on its imports of aluminium from Canada. On 23 rd June’20, he said: “Such tariffs would harm our savings; our green aluminium has always allowed a stable supply to the American market. We will continue to defend the interests of our aluminium industry.” The U.S. economic news agency has reported that the Trump administration could impose 10% tariffs on its imports of Canadian aluminium as early as 26 th June’20. Aluminum Association of Canada spokesperson Jean Simard says he is "disappointed" but not "surprised". He said: “What I think is speculative is that we will find ourselves in the situation before the tariffs were lifted. The Americans are...
Africa produced 139,000 tonnes of primary aluminium in April 2020, a decrease of 2.11% from 142,000 tonnes in May 2019. The output climbed by 4.51% from April’s 2020’s production of 133,000 tonnes and 0.72% from March 2020’s production of 138,000 tonnes, according to the latest data showed by the International Aluminium Institute (IAI). Primary aluminium production stood at 673,000 tonnes in the first five months of 2020 as compared to 688,000 tonnes in the first five months of 2019. This marked a decrease of 2.18% year-on-year. IAI reported that primary aluminium production in Africa came in at 1.643 million tonnes in 2019 as compared to 1.668 million tonnes in 2018. That was down 1.5 per cent year-on-year.
China’s estimated aluminium production in May 2020 recorded a growth of 3.60 per cent to stand at 3.105 million tonnes, following a month-on-month drop in April, found the International Aluminium Institute (IAI). In April, China’s estimated aluminium output was 2.997 million tonnes, down by 3.17 per cent from 3.095 million tonnes in March 2020. In February, China had produced approximately 2.909 million tonnes of primary aluminium, meaning the country’s production in March increased by 6.39 per cent. However, China’s estimated production in February registered a decline of 5.43 per cent from 3.076 million tonnes of output in January 2020. On a year-on-year comparison, China’s estimated aluminium production in May increased by 1.64 per cent from 3.055 million tonnes. In the five months of...
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline this week on reduced arrivals. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 66,200 tonnes as of June 24, a decrease of 5200 tonnes from Thursday June 18. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories of aluminium billet in Foshan, and Wuxi, came in at 26,000 tonnes and 14,660 tonnes on Wednesday, 24 June 2020, down from 33,300 tonnes, and 14,680 tonnes on June 18. Stocks in Huzhou remained unchanged at 8,000 tonnes. In Changzhou and Nanchang, aluminium billet inventories increased to stand at 9,460 tonnes and 8,110 tonnes today, from 7,830 tonnes and 7,640 tonnes on June 18.
On 14 th September’19, the Finance Minister of India, Nirmala Sitaraman announced Remission of Duties or Taxes on Export Products (RoDTEP). The scheme is progressive towards boosting exports and employment generation in various sectors in the country. The RoDTEP scheme will replace the existing Merchandise Exports from India Scheme (MEIS). INR 50,000 Cr. budget provision was kept for RoDTEP by Finance Minister. The Indian cabinet approved RoDTEP Scheme on 13 th March’20. RoDTEP scheme is WTO compliant, will reimburse taxes/duties/levies at the central, state and local level, which are currently not being refunded The sequence of introducing the scheme across sectors, prioritization of the sectors to be covered, degree of benefit to be given on various items within the rates set by the...
Primary aluminium inventories have extended the downfall by 32,000 tonnes over the week ending on Wednesday, June 24, according to Shanghai Metals Market. Data shows the inventories after declining across eight major Chinese consumption areas, including SHFE warrants, have come in at 722,000 tonnes as of today. The reason behind the continued downtrend in inventories this week could be brisk trading ahead of the Dragon Boat Festival holiday from June 25-27. Last week, on Thursday, June 18, the inventories were at 754,000 tonnes after decreasing by 33,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more details: As the above chart shows, the primary aluminium inventories in Shanghai and Nanhai have declined by 25,000...
The economy of Croatia is a developing high-income service-based economy and with the tertiary sector accounting for 60% of total gross domestic product (GDP). The Croatian economy is one of the strongest economies in Southeast Europe. COVID-19 Pandemic has caused more than 400.000 workers to file for a minimum net wage of 3,250 HRK given by the Government of Croatia as an aid to firms and companies for them not to fire their workers. The export goods of the nation comprise of transport equipment, machinery, textiles, chemicals, foodstuffs, fuels. Croatia’s aluminium scrap export data reveals that during 2017-19 the export volume reached to 88,826 tonnes and the revenue earned stood at $90.80 million. The projected export volume for 2020 has been analysed at 42,002 tonnes and the revenue...
Abralatas has joined Aluminium Stewardship Initiative (ASI) as an Association member. This brings the total number of ASI Members to 124. Abralatas, founded in 2003, is the Brazilian Aluminium Can Manufacturers Association. It aims to promote the aluminium can and communicating overall can benefits and industry achievements to customers, consumers, governments and the media. Abralatas participates in the exchange of ideas influencing legislative, regulatory and administrative policies of common interest to can makers, especially socio-environmental matters, observing full respect to legal parameters. “We believe and work hard for a transition to a green economic model. By joining ASI, we understand that Abralatas can contribute even more to this transition, especially in Brazil,” the...
According to a recent report, Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur, has manufactured an all-aluminium foot-operable sanitiser dispenser and alcohol based advanced hand sanitiser named Corovirunil. The purpose of inventing foot-operable dispenser is to curb the spread of coronavirus from an infected person to others while using the same sanitiser bottle with hands. The foot-operable dispenser will require the users to press the pedal of the dispenser with their feet to get sanitiser. Bottles of different sizes from 500ml to 1 litre could be fixed to the dispenser, fabricated from aluminium alloys. Various extruded and rolled aluminium products have been used to manufacture the dispenser; hence, it can beat any sanitiser dispenser in terms of...
Constellium, a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, has launched Aheadd®, its new aluminium powder offer for additive manufacturing sector. Aheadd® is are designed and tailored based on customer needs for a wide range of applications including aerospace, motorsports and defense industries. The new aluminium powder brings unmatched thermal stability that allows replacement of titanium in selected applications to reduce weight and cost. The company entered into an agreement with Poly-Shape, an AddUp company. Poly-Shape is a leader in the field of metal additive manufacturing for the development and production of innovative components based on the new Constellium powders. “As a global leader in innovative...
On Tuesday, June 23, Chinese alumina market participants reported that they are keeping a close eye to Hydro’s recent power outage in Brazil to determine if the incident would cause a long-term alumina supply disruption. “Although it might impact only around 100,000 tonnes of alumina supply to the world, we are still uncertain as to whether [the Paragomias bauxite mine] will be back on time, especially when the Covid-19 outbreak is so serious in Brazil now,” said an alumina trader in Beijing. Hydro announced on Monday, June 22, that its production at Paragominas bauxite mine in the state of Pará in northern Brazil is at a temporary halt due to power outage as three power transmission towers overturned on Saturday, June 20. Since the Paragominas mine supplies bauxite to Alunorte alumina...
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 370 per tonne on Wednesday, 24 June 2020, an increase of RMB 5 per tonne, after remaining flat at RMB 365 per tonne since April 29. The average price is expected to move within a range of RMB 350-RMB 390 per tonne. A00 aluminium ingot price stood at RMB14010 per tonne on Wednesday. That was down RMB20 per tonne from Tuesday. The average price is expected to move within a range of RMB13990-14030 per tonne. In Foshan Hangzhou, aluminium ingot prices decreased RMB10 per tonne each to stand at RMB 14100 per tonne and RMB 14040 per tonne. Their average prices are expected to range within RMB 14080- 14120 per tonne and RMB 14030- 14050 per tonne. But aluminium ingot prices in Chongqing, Shenyang, Tianjin, Linyi, increased to...
The International Monetary Fund (IMF) has endorsed $148 million in emergency credit to Guinea to strengthen its economy as the COVID-19 pandemic persistent to ransack the global economy. The fund would support to brace the economy after a hard-hit from the pandemic that is weakening the nation’s mining sector. According to the IMF, “worsening global conditions and a rapidly spreading local outbreak have deteriorated Guinea’s short-term growth prospects and hindered mining exports and tax revenues.” However, local transmission of the virus has brought about a reduction of mining activities, causing a stunt in economic growth. This latest IMF fund will help scale up productions and boost revenue generation for the West African country. In 2017, the IMF approved the use of $650 million to...
The US dollar continued to edge lower on Tuesday, June 23, hitting the lowest level in more than a week, as the US President Donald Trump boosted investors’ optimism after he tweeted that the trade deal with China was “still intact”. This followed an increase in the greenback when the markets were unsettled by surprise comments from White House trade adviser Peter Navarro who said the hard-won deal was “over”. Three-month LME aluminium consolidated weakly around the five and 10- day moving averages on Tuesday, falling to an intraday low of US$1,590.5 per tonne near closing and paring some losses to end 0.59% lower on the day. As of Tuesday, June 23, LME aluminium cash (bid) price and LME official settlement price increased from US$ 1573 per tonne to US$ 1577.50 per tonne. 3-months bid...
