Kazakhstan is preparing to impose long-term export restrictions on specified aluminium foil products and industrial graphite electrodes supplied to other members of the Eurasian Economic Union (EAEU). The measures, outlined in an order signed by the Minister of Industry and Construction on November 5, 2026, will remain in force for several years, with certain exemptions for aluminium foil shipments. The restrictions cover two categories of industrial products of aluminium foil and graphite electrodes. The first includes aluminium foil supplied in rolls that meet specified dimensional and technical requirements. Exports of these products to other EAEU member states will be restricted until November 15, 2030. The second category covers round graphite electrodes used in industrial furnaces....
Vietnam National Coal and Mineral Industries Group (Vinacomin) has proposed an integrated bauxite mining and processing project worth VND 5.2 trillion (USD 208 million) in Lam Dong province, Vietnam. Currently under appraisal by provincial authorities, it is designed to produce around 3 million tonnes of refined bauxite ore annually, reinforcing raw material requirements at the Nhan Co Aluminium Plant and the planned expansion of its alumina operations. Located in the Nhan Co Cluster, the proposal spans over 6,666 hectares. Of this, approximately 5,269 hectares are earmarked for mining and around 50 hectares for the ore processing plant. The project also includes five post-processing sludge reservoirs covering about 1,120 hectares, alongside the 318-hectare Dak Buk So 8 water reservoir. A...
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Shanghai Metals Market believes that supplies of aluminium ingot in China may expand in the fourth quarter of 2018 as the demand would likely to remain sluggish. Production, on the other hand, grew month-on-month. In September, China produced 3 million tonnes of primary aluminium which in the next month increased to 3.114 million tonnes. This imbalance between production and consumption led to losses for many aluminium producers and consequentially output cut. About 1.35 million tonnes of capacity has been cut so far this year. But new capacities are soon to come online, on the other hand. SMM estimates that more than 2 million tonnes of new capacity would come online across 18 producers by the end of the year. Monthly operating primary aluminium capacity held relatively stable in...
Indonesia’s import and export of aluminium cans reduced in 2017 when compared to 2016 data. The country’s aluminium can import and exports dropped around 81 per cent year-on-year in 2017. It is expected that Indonesia’s imports of aluminium cans will be more than exports in 2018. According to recent estimates, Indonesia imported an estimated 6306 tonnes of aluminium cans in 2016. The total cost of import was USD 29 million. In 2017, the country imported an estimated 1152 tonnes of aluminium cans and the cost of import was USD 63 million. Indonesia’s import of this product is expected to increase to 6987 tonnes by the end of this year. The cost of import is estimated to stand at USD 31 million. The major aluminium beverage can exporters to Indonesia are Singapore, India, Taiwan and...
The United Kingdom-based company AB Glass has reportedly completed a contract for the refurbishing work at Specsavers’ support office in Guernsey. Rihoy & Son, Guernsey’s longest established building contractors, had appointed the award-winning aluminium manufacturing and installation company AB Glass who could provide its services at the optical retailer’s support office in St. Andrew’s, Guernsey. Working alongside architect André Bisson of A7 Design, AB Glass designed, manufactured, and installed aluminium systems including Kawneer AA100 curtain walling and AA190 doors. The company had started working on this project in June 2018. Chris Haines, design director at AB Glass, said: “We are very proud to have been awarded this contract and offer our services to the world’s largest private...
An Australian bauxite developer Metallica Minerals Ltd. reportedly announced today, on November 9, that it signed an agreement that would allow the construction of a haul road to link Metallica’s Urquhart Bauxite project and the barge loading facilities at the nearby Hey Point in Queensland. This was standing as a barrier between Metallica and its efforts to secure a Mining Lease for the haul road. So, now when the agreement is signed, Metallica is believed to step on its road to success. It has now met all the requirements for the granting of the lease and is expecting to begin production in the first half of 2019. The news came amid the growing demand for bauxite across the globe. China has been looking for supplies as its own supplies fall thanks to a crackdown on illegal and...
Base metals closed mixed with SHFE contracts rising for the most part. SHFE aluminium lost 0.14%, while LME aluminium slid 0.23%. LME aluminium was pressured by a strong US dollar as the Federal Reserve announced that it will maintain its monetary policy and indicated further gradual rate hikes. LME aluminium closed Thursday’s trading at US$ 1977 per tonne. It slumped from a high of US$2,002 tonne to the lowest overnight at US$1,981per tonne. Shanghai Metals Market expects the contract trade at US$1,960-2,000 per tonne today. As on November 8, Tuesday, LME aluminium cash (bid) price stood at US$ 1975 per tonne, LME official settlement price stands at US$ 1977 per tonne; 3-months bid price stands at US$ 1981 per tonne, 3-months offer price is US$ 1982 per tonne; Dec 19 bid price stands at...
According to the data by Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped by some 11,300 tonnes over the weekend ended on Thursday, November 8 to stand at 129,800 tonnes. SMM believes downstream buyers stockpiled as prices dipped over the week and this accounted for the decline in stocks. In Foshan, Guangdong, the inventory dropped by some 6,600 tonnes to stand at 66,300 tonnes on November 8 while in Huzhou, Zhejiang and Nanchang, Jiangxi, the inventories dropped by 3,200 tonnes and 3,400 tonnes to hover at 9,500 tonnes and 13,900 tonnes, respectively. Some other inventories like in Wuxi, Jiangsu, on the other hand, recorded a surge. The below chart shows the inventory status across major China markets in more details: But...
Emirates Global Aluminium announced the arrival of two SD40-2 shunting-locomotives that will be used on its under-construction bauxite mining project in in Guinea. The locomotives will be used to move rail wagons around Guinea Alumina Corporation’s loading area at its mine location and at its unloading platform at Kamsar port on the Guinean coast. Source: Emirates Global Aluminium The locomotives, manufactured in the United States, are power-rated to 3,000 horsepower and can shunt and manœuvre up to 120 fully-laden wagons (weighing more than 10,200 tonnes). GAC’s first bauxite exports are expected to start during the second half of 2019. With a budget of about $1.4 billion, GAC is expected to produce some 12 million tonnes of bauxite per year once fully operational. Paulo Castellari,...
Shanghai Metals Market research found that aluminium spot discounts barely recorded any change on Wednesday, November 7, across the Shanghai Market while traders remained enthusiastic to offload cargoes. The SHFE aluminium contract for November delivery also inched up though in a tight range in the morning trading hours. Most transactions in Shanghai were heard at RMB 13,800 per tonne to RMB 13,820 per tonne, with spot discounts at RMB 50 per tonne to RMB 30 per tonne, compared to RMB 40 per tonne to RMB 30 per tonne in the previous day, against the SHFE 1811 contract. Transactions in Hangzhou, on the other hand, were mostly done at RMB 13,840 per tonne to RMB 13,850 per tonne while that in Wuxi were at RMB 13,800 per tonne to RMB 13,820 per tonne. But apart from this, the overall trades...
Bahrain-based Gulf Aluminum Rolling Mill Company (GARMCO) has announced that its subsidiary GARMCO (USA) was granted with tariff exemptions, of its major products imports from Bahrain. GARMCO USA produces wide range of premium aluminium flat rolled products at its manufacturing plant located in the Kingdom of Bahrain. As GARMCO’s General Manager, Mohamed Essa, commented: “As in the years prior, we remain firmly dedicated towards our primary mission of delivering exceptional quality standards at all times. Approach that has earned us the global reputation of a valued and responsible importer, a reputation we must maintain by continuing to reliably adhere to the strictest quality standards as always.” GARMCO USA was established in 1996. GARMCO’s aluminium products are used in marine,...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has agreed to partner with Impression Technologies to explore innovative ways to increase the broader adoption of aluminum through the hot stamping process. Impression Technologies has the exclusive rights to Hot Form Quench (HFQ ® ), a unique technology used to design and manufacture components using ultra high-strength aluminum for the high volume automotive and transport markets. This partnership reflects Novelis' strategy to collaborate with partners across the automotive and aluminum industries that are developing products and processes to achieve innovative and cost-effective solutions for lightweighting vehicles. Novelis will utilize ultra high-strength alloys, such as 7000 series, that offer...
After a sweeping rise last year, Mexico’s aluminium scrap import is likely to see a plunge in 2018 from 317,561 tonnes to 266,558 tonnes, found the global export-import data. This marks a drop by around 16 per cent year-on-year. In contrast to this, Mexico’s aluminium scrap import had increased by almost 192 per cent in 2017 from 108,660 tonnes in 2016 to 317,561 tonnes. But despite a drop in volume in 2018, Mexico’s aluminium scrap import cost is estimated to stand higher at US$ 188 million compared to US$ 150 million in 2017. This marks a surge by 25 per cent year-on-year. The year 2017 had also seen a growth in Mexico’s aluminium scrap import cost but lesser than that of 2018. It had increased by 1.3 per cent to stand at US$ 150 million from US$ 148 million in 2016. However, the...
Brazilian federal court once again upheld a state court decision forcing Norsk Hydro to operate Alunorte alumina refinery at 50 per cent capacity, according to news reported by Reuters. The refinery has been operating at half capacity since March after state environmental authorities and the court ordered the alumina refinery to reduce production by 50%, federal environmental authorities ordered to stop commissioning of the new bauxite residue area (DRS2) and the press filter and the court also ordered to stop commissioning of the DRS2. Hydro Alunorte, located in the region of Barcarena, is the world's largest alumina refinery and has a nameplate capacity of an annual 6.3 million tonnes. The federal court also upheld a ban on Hydro using a second waste deposit area near the plant. State...
China’s exports of alumina last month were roughly equal to September’s bumper volumes, the president of Aluminum Corp of China Ltd , said on Wednesday. “I estimate that October was more or less the same as September,” Lu Dongliang told Reuters on the sidelines of a signing ceremony at the China International Import Expo in Shanghai. The Chinese company, also known as Chalco, is one of the world’s biggest alumina producers. China this year has been exporting unusually high volumes of alumina, a substance used to make aluminium, amid supply constraints caused by a now-concluded strike at Alcoa’s operations in Western Australia, an outage at Norsk Hydro’s Alunorte alumina refinery in Brazil, and U.S. sanctions on Russia’s United Company Rusal. Exports surged more than fivefold to over...
Metro Mining Ltd will increase bauxite production from Bauxite Hills Mine to 3.5 million wet metric tonnes to meet customer demand. The company plans a series of initiatives and will be predominately implemented in Q1 of 2019 during the planned wet season shutdown at Bauxite Hills and long lead items already ordered. Image Source:www.metromining.com.au Metro’s Managing Director and Chief Executive Officer Simon Finnis said: “Metro has seen an increase in demand for our bauxite from a range of customers in China. The operation has now produced over 1.6M WMT of bauxite and we have identified low cost and short lead time initiatives to increase production next year. The pay back on the capital would be well within the 2019 calendar year, an excellent return. We have an outstanding platform...
The US Commerce Department reportedly announced on Wednesday, November 7, about levying final anti-dumping and anti-subsidy duties on Chinese common alloy aluminium sheet products of 96.3 per cent to 176.2 per cent. For the first time, these duties are issued in a trade remedy case initiated by the US government since 1985. The Trump administration has pledged to take a more aggressive approach to trade enforcement by having the Commerce Department launch more anti-dumping and anti-subsidy duties on behalf of private industry. "We will continue to do everything in our power under U.S. law to restrict the flow of dumped or subsidized goods into U.S. markets," said Commerce Secretary Wilbur Ross in a statement. However, these final aluminium sheet duties are lesser from the initial ones...
The US dollar index fell to the lowest in two weeks after the US midterm election results and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes. LME and SHFE base metals closed mixed as LME aluminium led the increase and rose 1.61%. LME aluminium closed Wednesday’s trading at US$ 1951.5 per tonne. It then surged to a high of US$1,993.5 per tonne near closing and settled at US$1,985.5 per tonne. Shanghai Metals Market expects the contract to trade at US$1,960-1,990 per tonne today. As on November 7, Tuesday, LME aluminium cash (bid) price stood at US$ 1950.50 per tonne, LME official settlement price stands at US$ 1951.50 per tonne; 3-months bid price stands at US$ 1962 per tonne, 3-months offer price is US$ 1963 per tonne; Dec 19 bid price...
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, came down again by 40,000 tonnes from last Thursday, November 1, to 1.485 million tonnes as of today, November 8. SMM believes fewer arrivals to the warehouses accounted for the extended decline in social inventories. In Wuxi and Jiangsu, the inventory dropped from straight from 659000 tonnes, as on November 1, to 643,000 tonnes today while the inventory in Shanghai plunged from 346,000 tonnes to 341,000 tonnes. Inventories in some markets like Hangzhou, Zhejiang; Linyi, Shandong; and Chongqing, on the other hand, rose a bit from 97,000 tonnes to 98,000 tonnes, from 23,000 tonnes to 25,000 tonnes, and from 22,000 tonnes to 24,000 tonnes,...
The upside for India’s largest forging company; Bharat Forge is likely to remain capped in the medium term despite its September quarter results beating Street estimates. Revenue growth is expected to moderate from commercial vehicle makers for domestic and overseas customers as the current year is likely to be a peak year for revenue growth in the current cycle. The supply to commercial vehicle makers accounts for nearly 41 per cent of the total revenues of the company. In the September quarter, domestic and overseas commercial vehicle segment’s revenue grew 23 per cent and 27 per cent respectively. The growth of commercial vehicle in the September quarter may continue for the next half of the current fiscal. However, moderation in revenue may start from the next fiscal year, according...
