The London Metal Exchange (LME) aluminium price chart reported declines on the November 10 trading session after a temporary surge at the November 9 close. Both near-term and longer-dated contracts posted over 1 per cent dip over the previous session. The LME aluminium cash bid as well as offer prices contracted 0.32 per cent day-on-day on November 10. The bid shifted from USD 3,145 per tonne to USD 3,135 per tonne. The offer price dipped from USD 3,147 per tonne to USD 3,137 per tonne. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid price reported a 1.11 per cent decline from USD 3,059 per tonne on November 9 to USD 3,025 per tonne on...
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...
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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...
The head of German Aerospace Industries Association (BDLI) has sent a warning that many of the country’s SME suppliers could run out of business unless Airbus maintains at least half its pre-crisis output over the next two years. Volker Thum, Managing Director of BDLI said: “Germany’s aerospace sector has boomed by riding back of Airbus’s commercial growth, with around a third of its production in the country that is now threatened by the coronavirus outbreak.” <iframe width="500" height="300" src="https://www.youtube.com/embed/PH37muoOlFk" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> He also said: “Unless we can guarantee a minimum delivery level for Airbus, a whole industry that has been built over 40 years...
According to the data shown by the United States Geological Survey, the country in February 2020 exported 24,100 tonnes of aluminium plates, sheets and bars to Mexico, in contrast to 26,100 tonnes exported in January 2020. This represents the fact that the country’s aluminium semi-finished exports to Mexico declined in February by 2,000 tonnes or 7.66 per cent over the month. In December 2019, the US aluminium semis exports to Mexico were 21,600 tonnes, whereas in November, were 25,500 tonnes, meaning the US exports to Mexico increased by 21 per cent in January following a decrease of 15.29 per cent in December 2019. The United States total aluminium plates, sheets and bars exports to Mexico during January-February 2020 stood at 50,200 tonnes, up 3,100 tonnes or 6.6 per cent from the...
Zhenjiang Shipyard has reportedly completed building two series of pusher and towing tugs for a bauxite mining project in Guinea, Africa, as of May 3, after returning to full production in April following slower production in Q1 2020 due to COVID19 restrictions. In total, Zhenjiang Shipyard in Jiangsu province has completed 11 of those tugs, which are mainly used for bauxite mining in Guinea, part of China’s One Belt and One Road strategy of investment in ports, projects, and shipping. With the delivery of Yi Tuo (Yick Tug) 206 and 207 on May 3, the shipyard completes the COSCO Shipping Bulk Co's tug building project of 11 pusher and towing tugs. During March and April, Zhenjiang also tackled a backlog of five more 37-m pusher tugs Yi Tuo (Yick Tug) 103, 104, 203, 204, 205. Each of these...
Africa produced 138,000 tonnes of primary aluminium in March 2020. The output registered a drop of 4.17% from March 2019. The production increased by 8.66% from February 2020’s production of 127,000 tonnes and 1.47% from January’s production of 136,000 tonnes, according to the latest data showed by the International Aluminium Institute (IAI). For the first three months of 2020, primary aluminium production came in at 401,000 tonnes as compared to 411,000 tonnes in the first three months of 2019. That records a decrease of 2.43% 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.
The economy of Israel is a highly advanced free-market, primarily knowledge-based economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a modern infrastructure, and a high-technology sector competitively on par with Silicon Valley. Israel has the second-largest number of start-up companies in the world after the United States and the third-largest number of NASDAQ-listed companies after the U.S. and China. The aluminium scrap export of Israel has been found sky-rocketing during 2017-19 as the total export volume was recorded at 131,205 tonnes and the revenue earned stood at $197.02 million. The projected analysis for 2020 has been recorded at 61,840 tonnes and the income might inflate to $108.33 million. When the export volume and...
Vishay Intertechnology, Inc., a leading manufacturer of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors), announced the launch of a two new series of Automotive Grade, surface-mount aluminium electrolytic capacitors. It offers useful life up to 6,000 hours for automotive and industrial applications. The aluminium electrolytic capacitor offers high voltages up to 450 V with operating temperatures up to +125 °C. The high voltage range of Vishay BCcomponents 152 CME and 192 CTX series capacitors provides designers with greater design flexibility. “As polarized aluminum electrolytic capacitors with a non-solid electrolyte, the AEC-Q200 qualified devices are suited for smoothing, filtering, and...
Hydro announced that its business area Extruded Solutions will shut down Hydro Precision Tubing Remscheid GmbH (PT Remscheid) in Germany. The basis for continued operation is not present. The Remscheid plant, which employs 129 people, is estimated to close by end of December 2020. The facility serves the HVAC market, but volumes in this segment alone have not been enough to make the plant profitable “Hydro PT Remscheid has made losses for the last two consecutive years and is estimated to make a loss also in 2020. The long-term market outlook is negative for PT Remscheid, as most products go into the combustion engine market where demand for Remscheid products is declining,” Hydro said. The facility remains committed to the precision tubing markets. It will continue a strong footprint in...
Aluminium Bahrain (Alba) has generated profit of BD 5.7 million (US$ 15.3 million) in Q1 2020, up by 136% year-over-year (YoY) from a loss of BD 15.8 million (US$ 42 million) in Q1 2019. Revenue came in at BD 275.9 million (US$ 733.8 million) in Q1 2020, up by 36% YoY from BD 203.5 million (US$ 541.2 million) in Q1 2019. Alba’s top-line and bottom-line were driven in the first quarter of 2020 by higher metal sales’ volume thanks to Line 6 and impacted by lower LME price. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa stated: “As the world is facing unprecedented times with the novel COVID-19 outbreak, we managed to close the first quarter of this year with overall good performance despite depressed LME prices. As COVID-19 continues to unfold, our...
Bridgnorth-based castings specialist Grainger & Worrall has received the prestigious Queen’s Award for Enterprise: Innovation in 2020 for its pioneering progress in developing “Next Generation” castings. According to the report, this is the third Queen’s Award received by Grainger and Worrall. The award acknowledges the company’s expertise and technology in casting design & simulation, materials development, digital sand printing, and dimensional & integrity validation to deliver the best castings service in the world. Grainger & Worrall CEO Matthew Grainger said: “We are exceptionally pleased to be recognised by the Queen’s Awards for Enterprise, especially as it is the third time we have received such an award and underlines our ongoing commitment to be a global leader within our...
Lixil Group Corporation, the Japanese owners of Permasteelisa has made public that it is selling the company to US firm Atlas holdings, the owners of Aludium. Lixil Group has been trying to offload the multinational – the UK’s largest envelope specialist by turnover – for several years, with financial authorities in the US blocking its proposed 2017 sale to Chinese firm Grandland. The value of the new deal is yet to be disclosed. Connecticut-based Atlas Holdings’ describes its investment strategy as “buying and investing in firms undergoing complex operational and financial challenges”. It owns 20 companies, incorporating aluminium manufacturer Aludium. In a statement, Lixil Group said: “The sale is part of its strategy to simplify its business structure and reduce risk exposure in its...
Benchmark aluminium price on London Metal Exchange further dropped, although slower, to close at US$1437 per tonne on Monday, May 4, down 0.21 per cent from the previous day’s close at US$ 1440 per tonne. Both LME aluminium cash (bid) price and LME official settlement price extended their decline from US$1,440 per tonne to US$ 1,437 per tonne on Monday, May 4. 3-months bid price and 3-months offer price also decreased, but very marginally, from US$ 1477.5 per tonne to US$ 1477 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1601 per tonne compared to US$ 1600.50 per tonne on the previous day, meaning up by US$ 0.50 per tonne. LME aluminium 3-months Asian Reference Price totalled at US$ 1476.50 per tonne. SHFE Aluminium Price Trend The Shanghai Futures Exchange (SHFE) is...
Rio Tinto came out with open hands to support local community efforts to fight COVID-19 and its social and economic impacts. The metals and mining giant is contributing $10 million in a multiple of grassroots projects across Canada and the United States. Rio Tinto has taken its stance from the delivery of critical equipment for people working in hospitals to providing practical support to communities and families. The company is contributing to efforts by our partners to help fight the pandemic. Rio Tinto is also supporting projects that maintain and create regional economic development, which is vital for the long-term prosperity of communities where it operates across Canada and the United States. Rio Tinto Chief Executive J-S Jacques said: “Rio Tinto is proud to play our part in...
Ardagh Group has created a $2million fund to support communities impacted by the COVID-19 pandemic. The Group has inspired by Ardagh’s employees who have been volunteering in their communities and donating to local charities. Nominated by Ardagh’s local teams, the fund will be allocated to charities providing emergency relief in the communities close to Ardagh’s facilities. Ardagh, employs over 16,000 people, runs 56 metal and glass production facilities across 12 countries. “Our team in Ardagh supports a critical infrastructure for the communities we live in – the essential food and beverage supply chain,” said Paul Coulson, Chairman and Chief Executive Officer, Ardagh Group. “In recognition of our community-based purpose and the challenging times we are all in, Ardagh has created this...
The Indian automotive industry has urged the government for permission to restart manufacturing operations, as it has recorded zero sales in the domestic market in the first month of FY2021. According to a report, the industry has been tentatively losing over INR 2,300 crore turnover a day since the nationwide lockdown started on March 24, 2020. So, in the total 55 days of lockdown period, given that it is extended till May 17, the total losses could be accumulated at INR 1,26,500 crore. As companies gear up to restart operations, apex industry bodies, Society of Indian Automobile Manufacturers (SIAM), Automotive Component Manufacturers Association of India (ACMA), and the Federation of Automobile Dealers Associations of India (FADA) have jointly written to the government, seeking...
The US senators Patty Murray and Maria Cantwell and Representative Suzan Delbene and Rick Larsen have forwarded a letter to President Donald Trump, marking out the administrative failure towards competently addressing Chinese aluminium excess capacity and seek it to emphasize resolving this issue. The excess aluminium capacity of China has weakened prices in the worldwide market and has equally dented US businesses and workers, mostly in the state of Washington. The Lawmakers wrote: “We have a shared interest in addressing unfair trading practices and protecting American jobs in the domestic aluminium industry, but it is clear that your current policies are not working. Two years later, excess capacity in China is still a serious problem for the American aluminium industry.” <iframe...
National Aluminium Co Ltd has extended its aluminium price cut with effect from last Friday, May 1, 2020. The prices of aluminium ingots are now, thus, ranging between INR 135,150 per tonne and INR 138650 per tonne, in contrast to INR 142,150-145,650 per tonne, as of April 23. With the latest cut, the prices of aluminium billets are now hovering at INR 138850 per tonne to INR 141250 per tonne, down from INR 145,600 - 148,250 per tonne in the week ago. <iframe width="500" height="300" src="https://www.youtube.com/embed/px_UCmbtoHU" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange....
Lindian Resources Limited provided an update on the assaying and digestion test work on the drill sample derived from the Bouba Conglomerate Bauxite Plateau and Mamaya Plateau at Gaoual. The company said laboratory XRF analyses confirmed the high-grade conglomerate bauxite at the project. Lindian Resources said 655 samples from the Bouba plateau were analysed by XRF, with a selection of 58 further tested with digestion techniques at both high and low temperatures. 295 samples from the Mamaya plateau were analysed by XRF, with a selection of 18 further tested at high and low-temperature digestions. <iframe width="500" height="300" src="https://www.youtube.com/embed/OOnvoC13b0w" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture"...
