Futures: SHFE aluminium closed at RMB 22,530 per tonne, rebounding 1.1 per cent. Despite the positive close, prices remained under pressure below all key moving averages (MA5=22,727, MA60=23,633), with the medium-term bearish alignment intact. MACD indicator lines (DIF=-244.16, DEA=-188.68) operated below the zero axis, but the green bars narrowed significantly to -110.96 (previous day -150.62), indicating a marked weakening of bearish momentum and initial signs of a technical bottom divergence repair. Trading volume expanded to 101,500 lots, suggesting capital inflows at the bottom. The recommended core trading range for SHFE aluminium is 22,000-22,800. LME aluminium closed at USD 3,078.5 per tonne, surging 2.02 per cent. Prices rebounded strongly, reclaiming MA5 (3,061.5), MA10...
Novelis is advancing beverage can coating testing and research resulting from its long-standing relationship with the Georgia Institute of Technology (Georgia Tech). Researchers from Georgia Tech’s School of Chemical and Biomolecular Engineering, working in collaboration with Novelis, have developed advanced testing capabilities that significantly reduce the time required to evaluate how beverages interact with protective coatings inside aluminum cans. The new approach allows researchers to collect data throughout the testing process, providing a clearer picture of how coatings perform while reducing testing cycles from months to just weeks. For beverage makers, faster testing could mean faster decisions about packaging and ultimately help shorten the time it takes to bring new products...
Grow with
AL Circle
The US dollar weakened this week after progress in Brexit negotiations between the European Union and Britain and dipped to the lowest since March 4, at 96.37 on March 14, after new inflation data increased expectations that US interest rates will not be raised anytime soon. Base metals traded mixed over the week. Both LME and SHFE aluminium traded bullish over the week and registered a slight drop on Friday. LME aluminium started the week on an upward trend with US$ 1830 per tonne and touched its highest on March 14 at US$ 1873.5 per tonne. The contract jumped above all moving averages after Norway’s Norsk Hydro said that production at its Neuss plant in Germany would likely to fall due to an accident. A lower US dollar also pulled the prices. The contract ended the week at US$ 1868 per...
On Friday, March 15, Norsk Hydro reported weakened underlying earnings before interest and tax by 2.15 billion crowns ($251.61 million) in its 2018 financial report, amidst some of its positive developments like the upgrade of the Husnes Plant and the ramp-up of the Karmøy technology pilot to produce the world’s most climate and energy-efficient primary aluminium. The decline of Hydro’s 2018 underlying EBIT could be because of the higher raw material costs and reduced operations at Hydro’s Alunorte plant. In addition, different tariffs and sanctions that influenced global markets and trade flow over the past year also apparently took a toll. Alunorte, the world’s largest alumina refinery, has been running at half its capacity after Hydro admitted that it had to make unlicensed emissions...
ALUMINUM USA is the leading exhibition and technical conference for aluminum products, technologies and investments in the United States is taking place on September 12-13, 2019 at Nashville, TN USA. The mega event brings together the global aluminium industry every two years. ALUMINUM USA represents the entire value chain offering solutions for the aluminium industry and all applications fields. The event is attended by approximately 2,000 key decision makers from the industry. ALUMINUM USA, being organized by Reed Exhibition in collaboration with Aluminum Association has recently announced the names of the members of its Advisory Board that includes the top industry players and analysts. The recent addition to the Board was Anthony Tropeano, who retired as CEO of FATA SpA in January...
Gränges, a supplier of rolled aluminium products for heat exchanger applications and other niche markets, has announced ambitious and clear long-term sustainability targets to increase its contributions to global sustainable development and secure future competitiveness and growth. The targets demonstrate Gränges’ efforts to further integrate sustainability across the company and the value chain, executed through the company’s five sustainability pillars: Ethical business practices; Responsible and sustainable sourcing; Sustainable operations; Diverse and high-performing teams; and Sustainable offerings. Source:www.granges.com Gränges’ CEO Johan Menckel said: “How we plan and run our business today has a profound impact on the future. We must continuously challenge ourselves to develop...
Veolia has partnered with the restaurant chain Leon to introduce a reverse vending machine that will accept aluminium cans and plastic bottles in return for 10% discount at the nearest Leon restaurant. The machine, located at King’s Cross branch in London, will take used plastic bottles up to 750ml and aluminium cans. Richard Kirkman, chief technology and innovation officer at Veolia UK & Ireland said: “A UK-wide deposit return scheme is imperative if we want to round up the millions of stray plastic bottles and cans we as a country are not recycling. This pilot Veolia is conducting with LEON is the yardstick for on the go recycling.” “Located in a high footfall area and targeting the drinks containers most commonly misplaced – plastic bottles up to 750ml and aluminium cans – the machine...
Aludium, a manufacturer and supplier of rolled aluminium products in Europe, has reported that it has just released its first Sustainability Report, covering the year 2017. The company aims to establish their commitment to transparency in their dealing with people, customers, communities, and the environment. Aludium has titled their report ‘At the heart of our business’. Commenting on the release of the report Arnaud de Weert, CEO of Aludium said, “The release of this Sustainability Report affirms Aludium’s commitment to operate transparently, and with the best interests of our people, customers, communities, and the environment in mind,” “It’s a comprehensive document which firmly sets Aludium on the path to measure, and enhance where possible, the long-term sustainability of our...
Acer has reportedly unveiled a new thin-and-light commercial notebook called TravelMate X514-51, specially meant for small and medium businesses. It comes in a chassis that features parts made of magnesium-lithium and magnesium-aluminium alloys, which are stronger than typical aluminium alloys at the same thickness, but weigh 20 per cent to 35 per cent lesser, said the manufacturer. Since the laptop is designed for frequent travellers, it is weighs only 2.16 pounds, with 14.99-mm thickness and 14-inch display. The laptop has Intel’s 8th Gen Core i5/i7 processors, 16GB of DDR4 RAM, 512 GB of SSD storage, modern 802.11ac Wi-Fi + Bluetooth 5.0 controller, and so on. The laptop also supports a host of security features required for businesses. To make business communications comfortable, Acer...
Matalco’s US$80 million aluminium recycling plant in Wisconsin Rapids got preliminary approval from the city's Finance and Property Committee to the purchase agreement for the land and the developer's agreement for the project. Matalco Vice President for Corporate Development Robert Roscetti says there are still a few details that need to be finalized in that agreement, but things are on track. They expect to have a ground breaking in June provided all paper works are done on time and permits received as expected. That process typically runs three months; Roscetti says they can't break ground until that is processed. "That would put us with a shovel in the ground by June." They are also looking into some public concerns about potential emissions from the plant and how it would impact the...
Once again, Canyon Resources Ltd. has reportedly identified a world-class high-grade bauxite zone within its Minim Martap project in Cameroon. The last time when Canyon had found a cluster of high-grade, low-containment bauxite trend within the same project was in November 2018. The recently-found high-grade inferred resource zone is of 250.9 million tonnes at 50.8 per cent aluminium oxide and 1.9 per cent silicon dioxide. Additionally, over 50 per cent of the area drilled for the resource grades is of more than 50 per cent aluminium oxide with 1.3 per cent silica. Canyon believes than Minim Martap is one of the world’s highest grade bauxite resources with low silica. Alexander Shaw, the chief geologist of Canyon, said, “By conducting a more detailed assessment of the historic resource,...
The United Arab Emirates, one of the top aluminium exporters, exported 555,000 tonnes of aluminium (crude metal and alloys, aluminium semi-finished products and scrap) to the US in 11-month period of 2018, according to the latest Mineral Industry Survey report from US Geological Survey. This records a drop of 6.88 per cent over last year. {newsStudioGallery} In November alone, aluminium exports by the UAE to the US stood at 45,500 tonnes, up 43.53 per cent year-on-year, but down 8.45 per cent month-on-month. The biggest aluminium exporter in the UAE, EGA exports the major portion of its aluminium and ships the rest domestically. Crude metal and alloys export dropped 6.93 per cent year-on-year in 11-month period of 2018. Export decreased from 592,000 tonnes in the first eleven months of...
Aluminium Stewardship Initiative certifies Aluminium Norf GmbH (“Alunorf”) against ASI’s Performance Standard for environmental, social and governance performance. Alunorf is the world’s largest aluminium rolling and casting facility in Neuss, Germany with more than 2,200 employees producing more than 1,500,000 tons per year and jointly owned by Hydro and Novelis. This is the first joint venture to be certified against its standards for responsible production, sourcing and stewardship of aluminium. Alunorf produces hot- and cold-rolled aluminium sheet in different alloy combinations for various applications. They ship their products as coil stock to the plants of both parent companies for further processing into finished products. They are used for making cans and other packaging,...
Turquoise Yachts has reportedly announced the sale of its 74-metre superyacht designed by an Italian designer A Vallicelli & C Yacht Design. The construction of the yacht is already underway. It will feature an aluminium superstructure and steel hull, along with a 14.2 metre beam and 4.05 metre draft. The delivery time is scheduled in late 2020. The key exterior features of the yacht include a touch and go helipad on the forward upper deck and a private owner area equipped with an outdoor dinette, sunbathing cushions and an optional Jacuzzi. The tender garage will be spacious enough to store a full length 9.6 metre limousine tender, a guest tender, crew tender and a number of Jetskis. The interior design, to be handled by Ken Freivokh Design, will include large windows and a lot of spaces...
The US dollar snapped a four-session decline after the British pound stalled at lower levels ahead of a vote to extend Britain's March 29 deadline for exiting the European Union. Base metals, expect for LME tin, closed lower and aluminium edged down. SHFE aluminium lost 0.37%. A rebound in the US dollar weighed LME aluminium to the lowest overnight at US$1,893 per tonne, before it returned to around the five-, 10-, and 20- day moving averages. It finally ended the overnight trading at US$1,902 per tonne. The contract is likely to trade at US$1,850-1,930 per tonne today. As on March 14, LME aluminium cash (bid) price stood at US$ 1873 per tonne, LME official settlement price stands at US$ 1873.50 per tonne; 3-months bid price stands at US$ 1897 per tonne, 3-months offer price is US$ 1898...
Scandium International Mining Corporation (SCY) has signed a Letter of Intent (LOI) with Bronze-Alu Group (BAL) for mixing and trial-testing of scandium alloys in casting applications. The test work will be undertaken at BAL’s production facilities in La Couture-Boussey, at small production scale. The LOI calls for the SCY to contribute aluminium-scandium master alloy 2%, for mixing and trial-testing of alloys by BAL, in their commercially available product lines. Bronze-Alu intends to report select results of the testing program utilizing their scandium-containing alloys, as does SCY, upon completion of the testing period, Scandium International Mining Corporation said. BAL, based in La Couture-Boussey France, is a manufacturer of precision high-pressure die cast (HPDC) parts, and offers...
As the primary aluminium inventories have gained over the week ended on March 14 across China, the A00 aluminium ingot price has recorded a drop today, on March 15, by RMB 30 per tonne to RMB 13,800 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,780 per tonne and RMB 13,820 per tonne, with spot discount to settle at RMB 40 per tonne. The decline in aluminium ingot price has touched all the markets in China and thus the price in the east (Wuxi and Hangzhou) has recorded a drop by RMB 25 per tonne to clock at RMB 13,790 per tonne. In the south and north, on the other hand, the price dipped by RMB 70 per tonne and RMB 30 per tonne to be at RMB 13,750 per tonne and RMB 13,760 per tonne, respectively. Today, the alumina spot price has also...
Researchers at the Brunel Centre for Advanced Solidification Technology (BCAST) at Brunel University are working in collaboration with Netherlands-based aluminium products manufacturer Constellium to produce high-strength aluminium alloys from completely recycled metals. This strategic research partnership was established in a bid to reach a full circle aluminium use and recycling system. Aluminium is theoretically infinitely recyclable, with its recycling consuming just five per cent of the energy needed to produce the metal in the first place. Over one billion tonnes of aluminium has been produced since 1908, of which over 75 per cent are still in use. According to Prof Zhongyun Fan, project leader and director of BCAST, they would work together to develop high performance aluminium...
Stocks of 6063 aluminium billet across five major consumption areas in China declined 6,500 tonnes from a week ago to stand at 144,500 tonne as of Thursday March 14, Shanghai Metals Market data showed. Higher consumption and limited arrivals accounted for the decrease in aluminium billet stocks. This week, a buildup of 3,300 tonne in Foshan, Guangdong province capped the overall decline. In Foshan, Guangdong and Nanchang, Jiangxi, the billet stocks increased 3,300 tonnes and 2,100 tonnes from Thursday, March 7 to stand 91,900 tonnes and 7,500 tonnes. In Wuxi, Jiangsu, Changzhou, Jiangsu, and Huzhou, Zhejiang, aluminium billet stocks reduced 3,900 tonnes, 3,000 tonnes and 5,000 tonnes to stand at 21,100 tonnes, 19,000 tonnes and 5,000 tonnes respectively. The price of aluminium alloy...
Kuantan lawmaker Fuziah Salleh has reportedly urged the public to attend a dialogue session on bauxite mining standard operating procedure (SOP) on April 14. She said the public must attend the programme to meet, discuss, and voice out their opinion and concern on the matter to officials from the Water, Land, and Natural Resources Ministry and other stakeholders. “They (public) will be able to ask questions and get immediate feedback at the session. They can seek further information on various aspects including the SOP for the pre-mining to post-mining stage,” she said in a WhatsApp message today. Yesterday, the Resources Minister Dr. Xavier Jayakumar had made an announcement about the public hearing, which will be held on April 14 with all stakeholders including non-governmental...
