Russian-origin metal made up almost all available aluminium stocks in London Metal Exchange (LME) warehouses at the end of October (99.98 per cent), with Indian-origin aluminium accounting for the remaining 50 tonnes, according to exchange data. Total available, or on-warrant, aluminium inventories declined 4 per cent month on month to 216,950 tonnes, their lowest level since March 2025. Russian-origin stocks fell by 9,725 tonnes to 216,900 tonnes during October, but their share of available inventories remained almost unchanged. 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 " Although Russian aluminium produced before April 13, 2024, remains...
LME aluminium prices strengthened across cash, three-month and December 27 contracts on November 11, 2026, as declining exchange inventories and constraints on immediate metal availability continued to support the market. The cash offer price rose 2.76 per cent to USD 3,223.5 per tonne , compared with USD 3,137 per tonne on November 10. The cash bid price also increased by 2.81 per cent, reaching USD 3,223 per tonne from USD 3,135 per tonne in the previous session. The LME aluminium three-month bid price advanced 1.22 per cent to USD 3,062 per tonne from USD 3,025 per tonne, while the corresponding offer price climbed 1.22 per cent to USD 3,064 per tonne from USD 3,027 per tonne. Similarly, the December 27 bid price rose 0.96 per cent to USD 2,930 per tonne, compared with USD 2,902 per...
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The US dollar stood lower against a basket of currencies on Wednesday to a little below 97. LME base metals traded lower on Wednesday. LME Aluminium dropped 0.7% and SHFE aluminium lost close to 0.3%. Three-month LME aluminium fell to a one-month low of US$1,862 per tonne before it closed 0.67% lower at US$1,866.5 per tonne on Wednesday. LME cash contract also closed lower yesterday in absence of strong market fundementals. It is expected to remain rangebound today with a trading range of US$1,850-1,890 per tonne. As on April 10, LME aluminium cash (bid) price stood at US$ 1851 per tonne, LME official settlement price stands at US$ 1852 per tonne; 3-months bid price stands at US$ 1875.50 per tonne, 3-months offer price is US$ 1876 per tonne; Dec 20 bid price stands at US$ 2008 per tonne,...
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a dip today, on April 11, by RMB 20 per tonne to stand at RMB 13,810 per tonne. The average prices are expected to range between RMB 13,790 per tonne and RMB 13,830 per tonne, with spot discount to settle at RMB 20 per tonne. Through this ongoing week, the A00 aluminium ingot price has shown an oscillating trend starting with a rise on Monday, April 8 from RMB 13,810 per tonne to RMB 13,820 per tonne and then a drop on Tuesday, April 9, to RMB 13780 per tonne followed by a rise again on April 10 to RMB 13,830 per tonne. After today’s drop the ingot price is again back to where it started the week. In Wuxi and Hangzhou of the east market, the ingot price has registered a drop by RMB 10 per tonne each to stand...
Mahindra CIE Automotive announced the completion of the acquisition of Aurangabad Electricals yesterday April 9, 2019. The shares of the company rose 1.41% to INR 226.20 at 11:43 IST on BSE after the announcement. Mahindra CIE Automotive announcement said that it had acquired 100% issued and outstanding share capital of Aurangabad Electricals (AEL) from the respective shareholders and subsequently AEL has now become a wholly owned subsidiary of Mahindra CIE. On 12 March 2019, Mahindra CIE Automotive announced the board decision to acquire the business of AEL through acquisition of 100% of equity shares for an enterprise value of INR 875.60 crore. The value also included a future deferred payment estimated upto INR 62.20 crore. AEL is a manufacturer of automotive aluminium die casting...
According to Shanghai Metals Market report on April 10, aluminium extrusion orders in north China declined in March, as the two political sessions and the slowdown in real estate discouraged downstream purchases. Production controls during China’s annual political sessions in Beijing suspended many constructions and also affected local manufacturers in March, resulting in lower demands of aluminium semi-finished products and thus, the orders across aluminium extrusion plants in the Beijing-Tianjin-Hebei region and nearby areas, such as Shandong and Shanxi provinces. The floor space of completed building stood at some 125 million m² in the first two months of 2019, down 11.88 per cent from the same period in 2018, according to data from the National Bureau of Statistics (NBS). A higher...
British company King of Shaves says it will ditch single-use plastic within four years to control environmental pollution and will switch to aluminium and cork for their recycling benefits. Aluminium, as a metal is infinitely recyclable and cork is a natural and biodegradable material made from the bark of Cork Oak Trees, which can be recycled into a range of products. King of Shaves said that the move will hit profits in the short term but the switch from single-use plastic will double annual revenues in the long term, from around £3million now to about £6million. The company has already spent £120,000 for shifting to refillable products, with its first range, Code Zero, to be launched in July. Founder and executive chairman Will King said: “This is a hit we will absorb due to the...
Heesen’s latest 50-metre superyacht named Masa has reportedly made a debut at a private ceremony in Oss. This is the eighth superyacht in the Dutch-based shipyard’s 5000 Aluminium Class range. The interior of the yacht designed by Cristiano Gatto has light colours and silver detail that evoke a tranquil atmosphere inside. The vessel has a total accommodation capacity for 12 guests with five lower deck suites and a master stateroom on the main deck forward. The exterior is designed by Frank Laupman of Omega Architects. It has distinctive features such a pelican-beak bow with reverse sheer and a sporty mast. “Masa’s beauty does not lie exclusively in her aesthetics – her 50-metre all-aluminium semi-displacement hull has been designed, engineered and welded by Heesen’s in-house team to the...
China’s production of primary aluminium dropped 1.5 per cent year-on-year to 2.98 million tonnes in Mach 2019. Domestic primary aluminium capacity in operation decreased some 430,000 tonnes per year from a year earlier to an annualised 36 million tonnes by the end of March, as updated by Shanghai Metals Market. Primary aluminium production in China registered year-on-year fall in the first three months of 2019. Production stood at 8.63 million tonnes. The decline of 1.2 per cent was due to the sluggish market and capacity cuts. Consumption of primary aluminium came in at 3.06 million tonnes last month, an increase of 4.9 per cent on a yearly basis, SMM data showed. Primary aluminium production is expected to reach 2.9 million tonnes in April. Actual consumption is estimated to increase...
Wires form a large portion of the total aluminium product import by India as 48% of aluminium consumption in the country is in the electrical sector. In 2018, India had seen a sharp growth in aluminium wire import straight from 15,315 tonnes in 2017 to 70,396 tonnes, up 360 per cent according to global export-import data. Increasing demand towards diverse, innovative product grades for electrical and automotive applications particularly led to this notable growth in India’s 2018 aluminium wire import. {newsStudioGallery} But in 2017, India’s aluminium wire import volume stood down by 30 per cent year-on-year, as the country’s import amount in 2016 was at 21,953 tonnes. Even this year, India’s aluminium wire import is likely to be lower than the previous year at 44,529 tonnes, down 37 per...
Emirates Global Aluminium (EGA) has announced the production start at Al Taweelah alumina refinery today, April 10. The refinery is expected to expand UAE’s upstream business in the aluminium value chain. Al Taweelah alumina refinery project, located in Khalifa Industrial Zone Abu Dhabi incurred a development cost of approximately $3.3 billion. It is the first alumina refinery in the UAE marking the beginning of a new industrial activity in the country. Commenting on the production start-up, Abdulla Kalban, EGA’s Managing Director and Chief Executive Officer said: “The start-up of Al Taweelah alumina refinery is transformative for EGA and the first of two major milestones this year as we complete our strategic growth projects upstream in the aluminium value chain. Al Taweelah alumina...
The US dollar index fell on Tuesday after the International Monetary Fund downgraded its outlook on the global economy. LME base metals traded mixed on Tuesday. LME aluminium rose 0.3% and SHFE aluminium advanced some 0.3%. Three-month LME aluminium fluctuated to end 0.3% higher at US$1,879 per tonne on Tuesday, with its trading level barely changed from the previous day. LME aluminium gained at night after a fall in dollar. However, the contract is expected to perform weakly today, with most transactions at US$1,850-1,890 per tonne. As on April 9, LME aluminium cash (bid) price stood at US$ 1850 per tonne, LME official settlement price stands at US$ 1851 per tonne; 3-months bid price stands at US$ 1876 per tonne, 3-months offer price is US$ 1876.50 per tonne; Dec 20 bid price stands at...
Sierra Mineral Holdings 1 Limited, subsidiary of Vimetco N.V., reportedly discussed its expansion plans with the country’s Ministries of Finance and Mines last week. The plans involve the construction of a value-adding alumina trihydrate plant within its concession, in support with the Pan-African Bank of Development and Afrexim Bank. Afrexim Bank, in particular, will act as the financial advisor and lead mandated arranger to help the company raise capital for the project. Since alumina trihydrate has a wide range of uses starting from aluminium and ceramics production to water purification, flame retardant filler and many more, the development of this plant is expected to create thousands of new jobs and businesses in various industries. Also, this proposed plant if developed...
Shanghai Metals Market data shows that A00 aluminium ingot price had a rise on April 10 to RMB13830 per tonne. This was up RMB50 per tonne from yesterday. Spot aluminium contract is likely to be traded at discount of RMB20 per tonne to premiums of RMB20 per tonne. The average price is expected to range between RMB13810 per tonne and RMB13850 per tonne. On April 10, aluminium ingot prices increased in all other individual markets in China. In East (Wuxi), ingot price increased from RMB13760 per tonne to RMB13815 per tonne. Aluminium ingot price in East (Hangzhou) market stood at RMB13840 per tonne on April 10, up from RMB13800 per tonne on April 9. Their average price is expected to range between RMB13810-13820 per tonne and RMB13830-13850 per tonne respectively. Ingot price in South...
Leading contract glazing specialist GG Glass has acquired Commercial Aluminium Services, a West Midlands based company specializing in the manufacture and installation of architectural aluminium and steel shop front entrance solutions. GG Glass said the company now has full geographical coverage for both its contracting and reactive maintenance services. Courtesy: www.ggglass.co.uk “As part of the firms ambitious growth plans, GG Glass has acquired the site adjacent to Commercial Aluminium Services in Vauxhall, Birmingham, investing in excess of £100,000 on machinery and kit whilst launching the GG Glass Midlands operation and recruiting an additional nine staff, GG Glass said. Commercial Aluminium Services provides aluminium shop fronts and windows, aluminium curtain walling, bolted...
Austria based aluminium packaging manufacturing company Conseal GmbH has filed for bankruptcy. The company has requested for reorganization procedure without self-administration in the Graz Civil Enforcement Tribunal. The company has also announced that they are looking for an investor to pull them out from insolvency. The Styrian packaging company has an outstanding loan of approximately 5.24 million euro and now in the search for an investor. Conseal GmbH produces foil packaging made of aluminium and composite materials and supply to the pharmaceutical and food industry. The insolvency will lead to about 60 job losses and around 80 creditors. The company has liabilities worth approximately EUR 6.62 million and owns EUR 1.38 million in assets. The creditor is offered a quota of 20 per...
Shanghai Metals Market survey found a drop of 7,000 tonnes in China’s daily average output of alumina for the month of March. Thus, from 201,000 tonnes, China daily average alumina output in March came in at 194,000 tonnes. Tight bauxite supplies, high costs, maintenance, and equipment upgrading were some of the factors that lowered the average alumina output for March. About 70.86 million tonnes of capacity on an annualised basis was in operation last month, after declining 3.6 per cent from 73.46 million tonnes in February. The production of metallurgical-grade alumina, however, expanded 5.07 per cent year-on-year in March to register at 6.02 million tonnes, showed Shanghai Metals Market data. Chalco Huaxing, Chalco Shanxi, East Hope’s Sanmenxia and Jinzhong branches of alumina...
Aluminium Bahrain B.S.C. (Alba), on the go to become the world’s largest smelter, has announced the appointment of a new Manager for its Carbon Operations on Tuesday 02 April 2019. Ahmed Shehabi has been promoted to the position of Manager. Alba’s Chief Executive Officer, Tim Murray, said: “Alba key strength lies in its people whom we believe in supporting through dynamic learning and development programmes. Ahmed’s promotion emphasizes Alba’s philosophy in developing and educating employees from within the Company along with promoting Bahraini nationals into leadership roles within the Company.” In 1995, Ahmed Shehabi joined Alba as an Operator in Kilns 3 where he quickly rose through the ranks of the Carbon department. He has held the roles of Supervisor, Superintendent and was...
Last week, a few leading downstream aluminium producers urged the Trump administration to remove the tariffs as they could not stop Chinese overcapacity. Top industry executives including JW Aluminum CEO Lee McCarter said that despite the tariffs, it’s still cheaper for U.S. manufacturers to buy imported aluminium than buying domestically. The tariffs, according to them have only made domestic products more expensive and uncompetitive. They have also opposed the import quota system proposed by the government for Canada and Mexico in lieu of tariffs and said that that will create a deficit for aluminium for US downstream buyers. “Unfortunately, the tariffs have done nothing so far to stop China’s trade-distorting behaviour in the market,” said Jean-Marc Germain, CEO of Constellium, which...
Kestrel Aluminium Systems has launched a new sliding patio door system that represents the perfect blend of modern design and high-quality metal. It is easy to maintain and suitable for any domestic project. John Treagust, Sales Manager, Kestrel Aluminium says: “We are pleased to launch these new sliding patio systems which complete our residential range of Bifold doors, Residential Doors, Roof lights and Roof lanterns and of course our comprehensive Window range. The sight lines and bead options are copied throughout the range giving a true suite of products.” The new door system features narrow profile faces that create a dramatic removal wall providing uninterrupted views to the outdoors and brightening up the interiors. It thus makes the perfect alternative to a set of French or...
