Domestic ore prices showed no notable change last week, with inland domestic bauxite largely supplied through long-term contracts to ensure security of supply. However, the market widely expects supply of domestic ore in Shanxi to loosen, and some participants believe 2027 domestic mine supply will be better than this year--though actual progress still depends on local policy implementation. On the import side, confirmed November long-term import ore volumes rose from October, which should help lift Guinean shipment volumes to China somewhat. In addition, previously suspended small- and medium-sized mines are planning to resume shipments in November as freight rates retreat, and offers have already appeared in the market. Partial resumption at small per medium mines will add a sequential...
Switzerland is seeking critical minerals from Indonesia to support domestic manufacturing, including producers of medical devices such as artificial joints, according to Swiss Ambassador to Indonesia Konstantin Obolensky. Speaking to reporters in Jakarta, Obolensky said Swiss manufacturers were seeking to diversify their mineral supply sources and viewed Indonesia as a potential supplier of materials required by local industries. He said, “There are critical minerals and other materials that Indonesia produces which are important for the Swiss industry.” Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Indonesia has significant reserves of several...
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Vedanta Ltd. said the company’s initiative to ensure safety and prevention measures to fight against COVID-19 have reached over 7 lakh people in Odisha. Vedanta’s Odisha operations have joined forces with the state, district and communities in the fight against pandemic. Two plants in Odisha are operational adhering to all COVID19 protocols laid down by the state and central governments. The plants are active with reduced workforce and resources. Vedanta is taking steps to prevent and mitigate the impact of COVID-19 with a focus on the safety and health of its employees and communities at large in, around and far beyond their plant areas. Mr. Rahul Sharma, CEO – Alumina Business said, “At Vedanta, our efforts are aligned to the singular vision of making our communities, the state and...
Australian Bauxite Ltd. declared that its negotiations for its next cement grade shipment were well advanced, as a bauxite miner is working towards a Tasmanian job augmentation through a cement grade shipment deal. ABx stated in its March quarterly report: "The potential for early commencement of production and delivery to port is being considered by stakeholders to create new jobs in Northern Tasmania and maximize the benefits of reduced fuel costs.” It has also been said that the new orders had been secured for fertilizer grade bauxite as agricultural demand soared. The quarter incorporated supplying an urgent order of 700 tonnes of fertilizer grade bauxite from its Bald Hill project at Campbell Town to Impact Fertilisers in Hobart. The company is also working towards potential mining...
A00 aluminium ingot price registered a drop of RMB 10 per tonne or 0.08 per cent from Wednesday’s price of RMB 12980 per tonne. The price now stood at RMB 12970 per tonne and is expected to move within a range of RMB 12950-12990 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB 70-110 per tonne. In Foshan and Chongqing, the price fell by RMB 40 per tonne and RMB 10 per tonne to stand at RMB 13120 per tonne and RMB 13040 per tonne. Their average prices are expected to range within RMB 13100-13140 per tonne and RMB 13020-13060 per tonne. The price in Wuxi and Hangzhou remained unchanged at RMB 12980 per tonne and RMB 13000 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 12975 per tonne, RMB 13030 per tonne, RMB...
The US dollar continued to rebound on Wednesday, as investors turned to the safe-haven currency in the wake of dire global economic data. The greenback advanced to its highest in more than a week against a basket of major currencies. Three-month LME aluminium came off after climbed, closing down 0.5 per cent on the day at US$ 1,482.5 per tonne. Concerns about the strength of demand recovery may limit any upward momentum in LME aluminium. As of Wednesday, May 6, LME aluminium cash (bid) price as well as LME official settlement price extended growth from US$ 1438.5 per tonne to US$ 1443 per tonne. 3-months bid price and 3-months offer price also increased from US$ 1479.5 per tonne to US$ 1481 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1609.5 per tonne, up US$ 5 per...
On 1 st July’20, the new version of NAFTA to come into force and the Canadian aluminium industry is paying attention to following a recent decision of the US Commerce Department to execute a mechanism monitoring of aluminium exports to the United States. The movement initiated post the American Primary Aluminum Association (APAA) lobbied the Trump administration and ran a media campaign in which it directly denounced an alleged increase in Canadian aluminium exports to the United States. The decision of the United States Department of Commerce, which fell on April 29, should make it possible to establish a surveillance mechanism modelled on that which exists for steel exports. The measure was also welcomed by the APAA in a press release published on Monday. APAA attacks on the Canadian...
An American start-up company that will make aluminium billets is looking to set up its shed in the Midwest Industrial Park, bringing 30 new jobs to the city of Richmond. On 4 th May’20, Richmond Common Council approved a series of tax abatement ordinances for Element 13 LLC that gets its name from the atomic number for aluminium. The Economic Development Corporation of Wayne County has been working with the Element 13 ownership team and the company's consultant since early last fall. Element 13 plans to acquire about 15.5 acres in the industrial park at the intersection of Round Barn and Gaar Jackson roads, just southeast of Blue Buffalo. A purchase agreement for the land will be reviewed by the EDC's board for possible approval at its next meeting on May 11. The board also will consider...
The US Geological Survey showed the United States’ aluminium scrap exports to China grew in February 2020, following the jump in the previous month. In February, the US exported 11,400 tonnes of aluminium scrap to China, up 8.6 per cent from January. The country’s exports in January were 10,500 tonnes after registering a surge of 255 per cent from 2,960 tonnes in December 2019. In November 2019, the US aluminium scrap exports to China were 5,400 tonnes, meaning the exports in December declined 45 per cent month-on-month. The United States in the first two months of the year exported 22,000 tonnes in total, up 163 per cent from the export amount of 8,360 tonnes in November and December. <iframe width="500" height="300" src="https://www.youtube.com/embed/cpBb5KDsVeM" frameborder="0"...
Hydro has developed a visor for health care to help in the fight against COVID-19. Employees at Hydro Extrusion in Vetlanda, Sweden, have developed 3D-print protective visors and will donate a total of 100 visors to the municipality. The company has already delivered to various health care facilities in early May. The ‘Hydro visor’ has been produced with 3D printers. Per Andréen, Design Engineer at Hydro Extrusion, followed the development of the Corona crisis in the media. A recurring point has been the global lack of protective equipment for healthcare professionals. Andréen and his colleagues in the Design Engineer department have started an intensive search for PETG material, which is a shock-resistant, odor-free and transparent plastic material for the visor itself. “This crisis...
The Dutch shipyard Heesen Yachts has reportedly presented the full details of its in-build 50 metre 5000 aluminium superyacht Project Altea. Project Altea is the latest all-aluminium yacht from Heesen and sistership to the 49.8 metre hybrid motor yacht Home . In Frank Laupman’s Omega Architects’ words “Altea features contemporary exterior design characterised by floor-to-ceiling windows.” According to Heesen director of sales and marketing Mark Cavendish, Project Altea’s exterior is one of Heesen’s best, owing to the sheet amount of structural glass. There are floor-to-ceiling windows in the main saloon, the owner’s cabin, and in the upper saloon. Elsewhere, Altea features unique spray rails, a fast displacement aluminium hull form with a shallow draft of 2.15 metres. The yacht features a...
A 4,000 tonnes per year aluminium alloy component project of Chongqing Hanlir Machinery Manufacturing will reportedly commence soon as its Environmental Impact Assessment Report has been approved and published by the government of Jiangjin District, Chongqing, on April 29. The construction of the project was over in November last year, and the public announcement period is between April 29 and May 14. The total investment required for the project was RMB 50 million and an additional RMB 500,000 in environmental protection. The project is designed to produce die-casting parts and machining parts. So, the major products to be produced at this plant include automobile water pump, engine cover, engine oil pan, steering gear housing, spare parts for new energy vehicles, and other aluminium...
Stewart Hamilton, CEO, Tiwai Point: “Aluminium manufacturer Rio Tinto does not own a hazardous substance being stored in Southland warehouses, but the company remains committed to its removal despite not being in a position to store the product at Tiwai Point, New Zealand Aluminium Smelter” Stewart Hamilton quoted the above lines while responding a letter from Environment Minister David Parker, where Parker said: “he was considering legal action against the owner of the Tiwai Point aluminium smelter over its failure to deal with its hazardous waste.” Ouvea premix gives off ammonia gas when it is wet, and the Mataura building housing was threatened by floodwaters in February. The potential of an environmental disaster prompted Gore District Council chief executive Steve Parry to strike a...
The Republic of Colombia is a country largely situated in the north of South America, with territories in North America. The economy of Colombia is the fourth largest in Latin America as measured by gross domestic product. Colombia has experienced a historic economic boom over the last decade. Petroleum is Colombia's main export, making over 45% of Colombia's exports. Manufacturing makes up nearly 12% of Colombia's exports and grows at a rate of over 10% a year. Modern industries like shipbuilding, electronics, automobile, tourism, construction, and mining, grew dramatically during the 2000s and 2010s. The major trading nation for Columbia’s Aluminium bar rods & profiles has been with multiple countries like Belgium, Chile, China, Ecuador, Germany, India, Italy, Netherlands, Panama,...
Inventories of aluminium billet in China increased over the five-day Labour Day holiday, after eight consecutive weeks of decline. As updated by Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China stood at 132,100 tonnes as of May 6, an increase of 2,700 tonnes from Thursday April 30 The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories of aluminium billet in Foshan, Huzhou, and Nanchang came in at 72,300 tonnes, 16,000 tonnes, and 6,600 on Wednesday, 06 May 2020, an increase of 5,200 tonnes, 2,000 tonnes, and 1,400 tonnes from April 30. But the stock in Wuxi and Changzhou declined by 3,700 tonnes and 2,170 tonnes to stand at 21,600 tonnes and 15,600 tonnes. The prices of...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline over the five-day Labour Day holiday on robust demand and fewer arrivals. Inventories came in at 1.172 million tonnes as of Wednesday May 6, down 32,000 tonnes from Thursday April 30 The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi, Shanghai, and Gongyi decreased by 26,000 tonnes, 3,000 tonnes and 6,000 tonnes from April 30 to stand at 498,000 tonnes, 155,000 tonnes and 75,000 tonnes on Wednesday, 06 May 2020. But the stocks in Nanhai, increased by 2,000 tonnes to stand at 248,000 tonnes. Hangzhou, Zhejiang inventories came in at...
The Municipal Corporation of Ludhiana has reportedly started using poly aluminium chloride as part of a trial to treat the wastewater entering the sewage treatment plant in Jamalpur area. As per the Municipal Corporation officials, the trial started on April 29, and so far the results are encouraging. The black water flowing out of the plant has now diluted and biochemical oxygen demand (BOD) and chemical oxygen demand (COD) levels have improved. On Tuesday, Mayor Balkar Singh Sandhu directed the officials of the Municipal Corporation and Punjab Pollution Control Board (PPCB) to use poly aluminium chloride for the treatment when he visited the sewage treatment plant to assess the results of the trial. Mayor said, “The results of the trial are encouraging, but we need to check effects of...
Michael Stewart, Member of Parliament for Manchester Southern says: “Jamaicans should take stock of the costs and benefits of the bauxite/alumina industry,” following more bitter complaints about its negative effects. The residents of Rose Hill on the Manchester Plateau, at the heart of Stewart's constituency, protested by blocking trucks carrying bauxite ore and appealing for help with dust pollution and noise irritancies activated by bauxite mining near to their homes. The residents expressed their anger by saying that there was no consultation with them before the start of the mining as on 2 nd May’20, in the immediate locality of their homes. After meeting the protestors Stewart said: “This has been happening for too long now; we have to wonder if the industry is worth all this...
The US dollar increased on Tuesday. LME base metals rose across the board on Tuesday. LME aluminium increased 0.37%. SHFE aluminium opened higher on Wednesday as trading resumed from the five-day Labour Day holiday. SHFE aluminium rose more than 1%. Three-month LME aluminium stood higher on Tuesday with support from an extended rally in oil futures and improved demand outlook. As of Tuesday, May 5, LME aluminium cash (bid) price stands at US$ 1438.50 per tonne, LME official settlement price stands at US$ 1438.50 per tonne; 3-months bid price stands at US$ 1479.50 per tonne, 3-months offer price is US$ 1479.50 per tonne; Dec 21 bid price stands at US$ 1604.50 per tonne, and Dec 21 offer price stands at US$ 1604.50 per tonne. The LME aluminium opening stock stood at 1355025 tonnes. Live...
After the extended weekend holiday in China for Labour Day, the Chinese A00 aluminium ingot price has inaugurated the week starting May 6 with a jump of RMB 180 per tonne to RMB 12,980 per tonne, learned Shanghai Metals Market. The average prices are expected to range between RMB 12,960 per tonne and RMB 13,000 per tonne, with spot contract to be traded at a premium price of RMB 50-90 per tonne. Linyi, among the major Chinese provinces, has seen the highest growth in A00 aluminium ingot price today of RMB 200 per tonne to stand at RMB 13,140 per tonne, followed by a rise of RMB 190 per tonne in Wuxi and Tianjin to RMB 12,980 per tonne and RMB 13,060 per tonne, respectively. In Foshan, Chongqing, and Shenyang, the A00 aluminium ingot price has increased by RMB 180 per tonne to respectively...
