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...
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India Day was celebrated at the Prospectors and Developers Association of Canada (PDAC 2019) in Toronto—the world’s leading mineral exploration and mining convention, on 5th March 2019. On the occasion, Nalco CMD Tapan Kumar Chand invited global investors, technology suppliers and equipment manufacturers to its Angul Aluminium Park (AAI) and highlighted the world class facilities offered by AAI. Tapan Kumar Chand also delivered a presentation on Indian Aluminium Industry at the convention. He spoke on overseas acquisition, exploration and processing of strategic minerals through Khanij Bidesh India Ltd, a joint venture company of Nalco, Hindustan Copper Ltd and Mineral Exploration Corporation Limited. Hinting that the company’s Lithium Ion battery plant may come up in Odisha, he said...
According to the data from China Customs released over the weekend, the country’s exports of aluminium sheet, plates and strips came in at 246,000 tonnes in January, down 1.8 per cent from 250,000 in December, but up 20 per cent from 205,000 tonnes year-on-year. This decline in China’s export volume in the said month is attributable to narrowed arbitrage window on yuan appreciation and higher SHFE/LME aluminium price ratio. {newsStudioGallery} However, even though the export grew in January year-on-year, it was 0.9 percentage point slower compared with the earlier month (December 2018). The yuan rebounded about 6.7 versus the US dollar for much of January. For the same month, the ratio of the most active aluminium contract on the Shanghai Futures Exchange to the three-month aluminium on...
Today, on March 6, the aluminium price as well its raw materials’ on Shanghai Metals Exchange seem to have decided to mark the day with no movements, neither upward nor downward. To start with, the A00 aluminium ingot price is found to continue at RMB 13,700 per tonne, since when it jumped from 13,630 per tonne yesterday. The average prices of the ingot are expected to range between RMB 13,680 per tonne and RMB 13,720 per tonne, with spot discounts to settle at RMB 50 per tonne to RMB 10 per tonne. This shows the spot price has increased, however, by RMB 10 per tonne from yesterday. On the other hand, while most of the major markets in China have also determined to record no change in the A00 aluminium ingot price today, the markets in the north and northeast display a little exception as...
The US dollar increased to a two-week high against a basket of currencies as unexpectedly strong data on US services industries and new home sales allayed some worries about the US economy. Base metals ended mix last night. LME aluminium edged down and SHFE aluminium inched up. LME aluminium closed the day’s trading at US$ 1868.50 per tonne. LME aluminium rebounded after it fell below all moving averages. A higher US dollar kept it below the 40-day moving average and ended it lower on the day at US$1,871 per tonne. SMM expects it to trade at US$1,840-1,900 per tonne today. As on March 5, LME aluminium cash (bid) price stood at US$ 1868 per tonne, LME official settlement price stands at US$ 1868.50 per tonne; 3-months bid price stands at US$ 1889 per tonne, 3-months offer price is US$ 1890...
SOPerior Fertilizer Corp. is working on offtake agreements and funding discussions with several international and US-based commodity trading and construction groups for a project to extract alumina and SOP from alunite. SOPerior Fertilizer plans to produce soluble SOP fertilizer, alumina, and sulfuric acid from its Blawn Mountain project located in Utah, US. Azerbaijan has been doing commercial extraction of alumina and SOP from alunite since the late 1960s. The soluble SOP to be produced has a growing unmet domestic and international market for Fertigation. Fertigation requires soluble SOP instead of traditional granular SOP which makes up a large percentage of current domestic supply and is facing falling demand. Alumina is a critical and high demand raw material for the global...
Emirates Global Aluminium (EGA) announced that it will intensify research partnership with VITO NV, the European research and technology organisation, to find uses of bauxite residue for the UAE construction industry by further developing two of the potential applications identified in the first phase of the project. EGA and VITO started exploring the potential uses of bauxite residue, a by-product of alumina refining, in construction materials in 2017. The latter will continue to work closely with experts at the University of Leuven in Belgium on the research project. The first of the new studies will investigate the potential for bauxite residue to be used for constructing road foundations, replacing materials such as sand. “The second study will assess whether bauxite residue can...
Hufschmied presented their range of machining tools designed especially for aluminium machining at Intec in February 2019. These tools deliver good surface qualities when machining aluminium honeycombs, plates, and profiles with help of their specially adapted cutting edge geometries. Hufschmied’s large selection of tools helps in roughing and finishing without the need to change tools in a significantly shorter time. Hufschmied also offers wear-resistant welding pins for friction stir welding of aluminium and aluminium alloys with minimum effort. In cooperation with the erosion experts from Exeron GmbH, Hufschmied also used the Intec for the presentation of the new Graftor tool series, which, thanks to its diamond coating, features a low cutting pressure. The blades of the cutting tools...
On Tuesday, March 5, the mining giant Vedanta announced the appointment of Ajay Kapur as the chief executive officer of its aluminium and power business. Kapur brings with him an experience of over 30 years across various business verticals. He worked at Ambuja Cements as the managing director and CEO for its India business. Vedanta Resources Executive Chairman Anil Agarwal said: "Ajay will provide leadership for unlocking the full potential of our aluminium and power business which is a US$10 billion asset with revenue of US$ 6 billion. His enormous experience in the infrastructure sector will definitely work towards driving growth of India's largest aluminium capacity." In Vedanta, Kapur will be responsible for driving key priorities for the aluminium business, including a strong focus...
The year 2018 was marked by supply and trade disruptions and price volatility in the aluminium sector. Alumina supply was disrupted and price shot up. The U.S. imposed 10% duty on all imported aluminium. Rusal aluminium was sanctioned by the U.S. and banned by LME and the US-China trade war disrupted the market balance. There was a supply concern in the primary sector. However, the beginning of 2019 has indicated a solution to supply issues and prices have started consolidating. The start of 2019 has already witnessed the lifting of sanctions on Rusal by the US Government and trade negotiations between the U.S. and China are taking shape in a positive manner. Concerns over raw material insecurity is also slowing down with Alunorte refinery likely to start full production by the second...
According to the latest report from Aluminum Association, aluminium net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 982,481 tonnes during January 2019, an increase of 4.3 per cent over the January 2018 total of 941,657 tonnes. Shipments of aluminium semi-finished products rose 3.2 per cent over the previous year to 636,843 tonnes. Shipments of aluminium ingot for castings, exports and destructive uses advanced 6.5 per cent year-over-year, totalling 345,637 tonnes. For the full year 2018, preliminary producer shipments of aluminium totalled an estimated 11.1 million tonne, an increase of 3.5 per cent over the 2017 total of 10.7 million tonnes. January inventory levels totalled an estimated 1.6 million pounds, an increase of 3.2 per cent over...
Ducab, a global leader in the development, design, manufacture, marketing and distribution of copper and aluminium wire and cable products, is celebrating 40 years of growth and business expansion as one of the UAE’s leading manufacturers. Founded in 1979, Ducab serves customers in the field of energy, general construction, oil & gas, renewables, industrial, defence, rail transport, marine, mining and other specialty industry verticals. Andrew Shaw, Managing Director at Ducab said: "During our 40th year of operations, we are reflecting on the continual investments in facilities and people that has brought value to Ducab’s customers and to the national economy of the UAE. The needs of the energy sector have evolved a great deal during this time.” Decab has achieved significant...
The global aluminium powder and flakes market in terms of value is estimated to grow to US$1060 million by 2024 from US$910 million in 2019, growing at a CAGR of 2.5 per cent. The key players in the industry, such as Australia, are expected to cash on the opportunities that abound the market during this period. Being one of the world’s leading aluminium producing countries, Australia is expected to be one of the prime sourcing epicentres. {newsStudioGallery} According to the available data, Australia in 2019 is expected to export around 13,112 tonnes of aluminium powder and flakes, up 6 per cent from 2018. Australia’s aluminium powder and flakes exports have been growing year over year since 2016. In 2017, the country had exported approximately 10,486 tonnes, up 46 per cent from 7,175...
The US dollar increased against a basket of major currencies on traders' bets that China and the US are moving closer to a trade deal. The greenback gained for a fourth consecutive trading day. Base metals declined across the board as LME aluminium led the drops and fell 2.02%. SHFE aluminium also edged down. LME aluminium started the week with a drop. News around China’s further tax cuts depressed upward momentum in LME aluminium, which dipped to the lowest since February 20, at US$1,861 per tonne, after it initially fell below the US$1,900 per tonne level during the European trading session yesterday. We expect LME aluminium to trade at US$1,840-1,910 per tonne today. As on March 4, LME aluminium cash (bid) price stood at US$ 1859per tonne, LME official settlement price stands at US$...
Spot alumina prices in China are dropping from November 23 continuing in March. As updated by Shanghai Metals Market, average spot alumina price has dropped from RMB2764 per tonne on March 4 to RMB2749 per tonne on March 5, 2019. The fall in alumina price can be seen in the following graph. Alumina-Central and Alumina-North have declined RMB20 per tonne and RMB15 per tonne to stand at RMB2760 per tonne and RMB 2740 per tonne as of Tuesday, 05 March 2019. Alumina-South has reduced RMB5 per tonne to stand at 2740 per tonne. Alumina-East remains unchanged at RMB2760 per tonne. In another update from SMM, A00 aluminium ingot price has registered an increase of RMB70 per tonne or 0.51 per cent. Ingot price stands at RMB13700 per tonne as of Tuesday, 05 March 2019.The average price is expected...
According to a recent report, Nespresso, in collaboration with New York City’s curbside recycling programme, has made a US$1.2 million commitment to enable better recovery of its aluminium coffee capsules. President and CEO of Nespresso USA Guillaume Le Cunff said, “Nespresso is deeply committed to the circular use of our products, choosing aluminium packaging because it both protects the quality of our exceptional coffees and can be recycled and reused again and again.” Nespresso believes that its collaboration with the New York City Department of Sanitation (DSNY), and Sims Municipal Recycling (SMR) will drive its recycling efforts and further offer New York City-based consumers additional options to recycle used capsules and other aluminium products at home. "SMR‘s role is to take the...
Emirates Environmental Group (EEG) reportedly reunited the nation once again for its 23 rd Cycle of the Can Collection Day. More than 200 entities, including various hotels, families, academic institutions, and corporations from Emirates participated in the event and reeled in 4050 kg of aluminium cans for recycling on February 28, 2019. EEG achieved 20 per cent of the target and therefore urged all sectors to achieve the set target of 20,000 kg till December. Appreciating the year on year success of this Can Collection Campaign, Habiba Al Mar’ashi, Chairperson of Emirates Environmental Group, said that over the last 23 years the event saw tremendous growth, also in terms of participation from the UAE society. According to him, EEG managed to collect around 320,400 kg of aluminium cans...
According to Shanghai Metals Market, east China on Monday, March 4, saw brisk trading in spot aluminium market as high purchasing prices offered by aluminium giant Chalco fuelled trading enthusiasm. Spot deals were mostly found at RMB 13,610 per tonne to RMB 13,630 per tonne in Shanghai, up over RMB 70 per tonne over the weekend. The front-month March aluminium contract on the Shanghai Futures Exchange also climbed from Friday. Against the SHFE 1903 contract, spot discounts in Shanghai came in at RMB 60 per tonne to RMB 50 per tonne, wider than RMB 50 per tonne to RMB 40 per tonne on Friday morning. Chalco’s purchasing prices stood close to RMB 40 per tonne higher than the most traded prices earlier in the morning trading hours. The aluminium giant purchased about 3,000 tonnes of spot...
Russian news agency, Sputnik, reported yesterday, March 3 that the parent company of Bauxite Company of Guyana Inc. (BCGI) RUSAL has suspended their bauxite operation due to the on-going strike by the workers. The media report also confirmed moving of all mining equipment to a warehouse after suspension. There is a pay conflict going on between Rusal and the mining employees in the South American nation. In an email statement on Sunday, Rusal said that the workers at Bauxite Company of Guyana Ltd. "declined to work and demanded a pay increase, even though their salaries had been adjusted for forecast inflation at the end of last year." On Saturday, Guyanese media Demerara Waves reported that the local government was considering a temporary shutdown of Rusal operations after the company...
