Aluminium prices recorded another gain on October 30, extending their late-month recovery as improving Chinese industrial indicators provided a supportive backdrop for the non-ferrous metals market. The latest movement comes amid a mixed demand environment, with stronger manufacturing activity and higher primary aluminium production in China contrasting with a broader slowdown in downstream purchasing. The benchmark aluminium quote reached USD 3,076.8, supported by a positive trading session. However, the recovery remains incomplete, with prices yet to return to the higher levels recorded earlier in the autumn. Aluminium rebounds from its late-October decline The daily price chart indicates a prolonged decline through June, followed by relatively stable trading and intermittent recoveries...
A major police operation in India’s Uttar Pradesh has exposed an inter-district network allegedly involved in stealing electricity transformers and selling their internal metal components, including aluminium wire and copper binding, to scrap dealers. Police in Kanpur, Uttar Pradesh, have busted an inter-district transformer theft gang and arrested eight people, including a scrap dealer accused of purchasing stolen materials. The operation led to the recovery of aluminium wire, copper binding, transformer coils and cash allegedly generated through the sale of stolen electrical components. The gang reportedly operated across several districts, including Kanpur Dehat, Unnao, Lucknow and Fatehpur. A joint team comprising Chaubeypur police, the Special Weapons and Tactics (SWAT) unit and West...
Grow with
AL Circle
Constellium SE, a global leader in the development, manufacturing, and recycling of aluminium products and solutions, has successfully acquired the Performance Standard V3 (2022) Certification from Aluminium Stewardship Initiative. The certification recognises Constellium’s two facilities that are primarily engaged in manufacturing automotive structures. The two facilities include Constellium Engley in Changchun and Constellium Automotive in Nanjing, China. In 2023, Constellium Engley in Changchun produced over 6,000 tonnes of aluminium automotive structure, and Constellium Automotive in Nanjing facility produced 30,000 sets of front rails. The ASI Performance Standard V3 (2022) certification was launched in May 2022 after multiple revisions over several years. The certification defines...
The previous trading day, LME aluminium opened at US$2,287 per tonne, reached a high of US$2,299 per tonne, a low of US$2,239.5 per tonne, and closed at US$2,247 per tonne, down US$34 per tonne, a decrease of 1.49 per cent. As per the LME data, aluminium prices on Monday stood at their lowest in almost 4-month amid growing concerns about demand in China, the top consumer. On Monday, July 29, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$25.5 per tonne or 1.14 per cent to settle at US$2,203 per tonne and US$2,203.50 per tonne. As per the price graph, the LME aluminium benchmark price has been witnessed since the beginning of July. The Chinese government has opted not to implement targeted stimulus measures to counter the significant slowdown...
Aluminium Bahrain B.S.C.’s (Alba) new range of low-carbon aluminium EternAl TM has reportedly gained access to the Australian manufacturing sector through its first customer Capral Aluminium. The latter has completed its trials of both EternAl-15 and EternAl-30 for using it in producing extruded aluminium products destined for the marine, defence, transport, construction, signage, and general fabrication industries. Securing Capral Aluminium as the first customer for EternAl TM low-carbon aluminium range, Alba has stepped up towards its goals to reach out to worldwide customers with its brand new line of sustainable aluminium. The amalgamation of Alba’s EternAl TM low-carbon aluminium into Capral’s extruded aluminium products will introduce a new range of sustainable raw materials for...
The European Public Prosecutor’s Office (EPPO) in Cologne, Germany, has filed charges against two Chinese nationals for evading anti-dumping duties through a German company. The charges relate to 20 instances of aluminium foil imports into Germany. The defendants are allegedly accused of falsely declaring tariff numbers or the country of origin (Myanmar instead of China) to avoid paying the required duties. This alleged fraud resulted in a total loss of €474,903.94. Additionally, one of the defendants is accused of selling aluminium foil directly to German customers through a Myanmar-based company, while concealing that the foil was manufactured in China. This deception caused the German customers to submit false customs declarations, leading to additional damages totalling €156,133.36....
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, welcomed for the summer training over 25 UAE National high school and university students considering careers in industry. EGA’s summer training programme has been running for more than two decades. It gives students first-hand experience of working in the industry and is particularly focused on students of science, technology, engineering, and mathematics. More than 500 young UAE Nationals have participated in EGA’s summer training programme since 2001, with many going on to pursue careers in EGA or other UAE industrial companies. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said, “EGA’s summer training programme is a great opportunity for young UAE...
China’s primary aluminium imports in June 2024 recorded a month-on-month decline of 23.22 per cent but a year-on-year rise of 35.61 per cent to 121,200 tonnes, found the Shanghai Metals Market survey. In May 2024, the import volume stood at 158,000 tonnes, down by 27.8 per cent from the previous month. Thus, the data represents a higher rate of decline in China’s primary aluminium imports during June 2024. China’s primary aluminium exports in June stood at approximately 7,000 tonnes, and thus the net import volume in the said month was 114,200 tonnes, up 102.5 per cent Y-o-Y, but down by 24.41 per cent M-o-M. From January to June 2024, China’s cumulative primary aluminium import volume was 1.219 million tonnes, up 151.1 per cent Y-o-Y. The total net import volume was 1.191 million tonnes...
Ardagh Group, a global supplier of infinitely recyclable metal and glass packaging for the world’s leading brands, announced its results for the second quarter (Q2) ended June 30, 2024. Revenue for the three months ending June 30, 2024, rose by $4 million to $1,259 million, up from $1,255 million in the same period of 2023. Adjusted EBITDA Adjusted EBITDA also saw an increase, rising by $27 million to $178 million for the same period, up from $151 million the previous year. On a constant currency basis, Adjusted EBITDA grew by 18 per cent, driven by higher recovery of input costs and favourable volume/mix effects. This increase was somewhat offset by higher operating costs. When adjusted for constant currency, revenue remained steady compared to the prior year. This stability is mainly...
According to the US Census Bureau survey, the United States' primary aluminium production demonstrated a slight change in monthly trend during May 2024, reflecting an increase of 2,000 tonnes or 3.64 per cent. However, on an annual basis, the output in May extended its declining movement by 8,000 tonnes or 12.31 per cent. As per the recently revealed data, the United States' primary aluminium output during May 2024 stood at 57,000 tonnes versus 55,000 tonnes a month ago and 65,000 tonnes a year earlier. The monthly increase of 2,000 tonnes in May led the output to rebound to the production level seen in March 2024. The average daily production in May was 1,840 tonnes, which was essentially unchanged from 1,850 tonnes in April 2024 but edged a decline of 11.96 per cent year-on-year from...
Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce and Industry has reportedly put forward the proposal of imposing an anti-dumping duty of up to INR 577 per tonne on aluminium frames originating from China. The news came last week after the Directorate stated the plan, explaining its aim to combat unfair trade practices and protect the domestic aluminium industry from the adverse effects of cheap imports. The Directorate further alleged that China is flooding the Indian market with its low-quality aluminium frames, which are being sold at prices below fair market value, impacting domestic Indian manufacturers and leading them to face distorted market and financial losses. The proposed duty intends to make the domestic market more competitive and safeguard India’s...
The previous trading day, LME aluminium opened at US$2,275 per tonne, hit a high of US$2,298 per tonne and a low of US$2,270 per tonne, and closed at US$2,281 per tonne, up US$3.5 per tonne, or 0.15 per cent. On Friday, July 26, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$10.5 per tonne or 0.47 per cent to settle at US$2,228.50 per tonne and US$2,229 per tonne. As per the LME data, 3-month bid price and 3-month offer price added US$13 per tonne or 0.57 per cent to clock at US$2,288 per tonne and US$2,289 per tonne. December 25 bid price and December 25 offer price ascended by US$17 per tonne or 0.69 per cent to dock at US$2,447 per tonne and US$2,452 per tonne. LME aluminium opening stock came in at 943675 tonnes. Live warrants and...
Massachusetts Institute of Technology (MIT) engineers have come up with an interesting discovery focussing on aluminium, soda cans and caffeine. The team led by Douglas Hart, is developing efficient and sustainable methods to produce hydrogen gas, considered a "green" energy source for powering engines and fuel cells without emitting climate-warming gases. They have discovered that exposing pure aluminium from soda cans to seawater results in a reaction that produces hydrogen gas, which can be used to power engines or fuel cells without emitting carbon. This reaction can be accelerated with the addition of caffeine. “We’re showing a new way to produce hydrogen fuel, without carrying hydrogen but carrying aluminium as the ‘fuel. The next part is to figure out how to use this for trucks,...
China's industrial profits experienced accelerated growth in June, despite businesses contending with diminished consumer sentiment amid an uncertain economic recovery. Official data released on July 27, 2024, indicated a 3.6 per cent year-on-year increase in profits last month, following a 0.7 per cent gain in May. First-half earnings rose by 3.5 per cent, up from the 3.4 per cent increase reported for the January-May period, according to the National Bureau of Statistics (NBS). In a separate statement, NBS statistician Wei Ning said, “Relatively rapid industrial production growth, coupled with a significant easing in factory-gate price declines since the second quarter, have promoted a stable recovery of corporate revenue.” “Meanwhile, we should also see that insufficient domestic...
DUBAL Extrusion Investment (DEI), a wholly-owned subsidiary of DUBAL Holding (DH), has named Faisal Sarhan as the new Chief Executive Officer (CEO) of OSE Industries, a local aluminium extrusion company fully owned by DEI. Sarhan succeeds Magdy Samoul, who has served as CEO since 2012. Samoul will transition to DEI, taking on the role of an advisor focused on strategic development and project implementation. Sarhan brings extensive experience in leading strategic initiatives and implementing innovative solutions to enhance productivity and profitability. He joined OSE as Deputy CEO in November 2023 and has been instrumental in reinforcing the company’s strategic leadership and operational excellence. Prior to his tenure at OSE Industries, Sarhan spent 18 years with Emirates Global...
According to a report by Ball Corporation, the USA recycles only about 45 per cent of the beverage cans consumed by its citizens. Since the USA consumes more than 80 billion cans per year, that's an awful lot of cans in litter and landfill. They dug up that landfill in 1000 years, and that can will still be an aluminium can. It is not going to break back down to bauxite or something. Increasing the ratio of returns would save an incredible amount of CO2 emissions - recycling the can means that new raw metal is not needed. But Ball also measured in terms of the dollar savings. According to their report, some US$6.5 billion could be saved if 100 per cent recycling were achieved. Even improving the rate by half therefore contributes huge savings. Interestingly, the report says that US States...
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transitioning into a leading exporter of diverse energy types, moving away from its traditional role as an oil producer. It has a strong potential to produce minerals crucial for the energy transition, such as aluminium, copper, and rare earth elements, as well as minerals needed for global agriculture. The strategic focus on economic diversification has placed the mining sector at the forefront of national development plans, with the Kingdom’s mineral wealth valued at an estimated $2.4 trillion (SR9.4 trillion). According to the World Risk Report 2023, released...
This week, the primary aluminium sector was under a havoc media spotlight from the entire upstream aluminium industry, featuring many crucial events and updates. Besides the global aluminium prices reaching almost a four-month low, what made several round-ups on the internet were Emirates Global Aluminium becoming the first in the world to digitise quality analysis system on LME and Tiwai Point Aluminium Smelter to cut power usage by 185 megawatts due to electricity constraint. This week, on July 25, the LME aluminium benchmark price closed at US$2,218.50 per tonne, reflecting a 5 per cent decline W-o-W and marking the lowest in almost the past four months. On the same day, China’s domestic A00 aluminium ingot price decreased by RMB 190 per tonne to settle at RMB 19,010 per tonne, but...
Nivea, the brand synonymous with the colour blue, is internally transforming itself into a green company by increasing the use of recyclable aluminium as a raw material for its packaging solutions. According to the latest reports, Beiersdorf, a German multinational company, has committed to making its global skincare products more sustainable. With this, Beiersdorf, in collaboration with Novelis, has now incorporated at least 80 percent recycled aluminium into its Nivea Creme tin, a change anticipated to reduce the company's carbon dioxide equivalent (CO2e) emissions by approximately 8,000 tonnes between now and 2025. In 2022, the beloved Nivea Soft was reformulated to be vegan, resulting in a notable reduction of around 40 percent in CO2e emissions from the formula. As per AL Circle’s...
In the first half of the calendar year 2024 (H1CY24), India's aluminium scrap imports fell by 8 per cent compared to the H1CY'23. On M-o-M basis, the imports rose marginally by 4 per cent in June 2024. However, imports were up by 15 per cent in June 2024 compared to the same period last year, according to provisional data from BigMint. The import volume dropped to 809,102 tonnes in H1CY'24 compared with 874,868 tonnes in H1CY'23. Meanwhile, India's aluminium scrap imports in June 2024 reached 167,641 tonnes, indicating a slight improvement compared to the previous month's 161,644 tonnes. What drove scrap imports low in H1CY'24? Image source- BIGMINT The impact of Red Sea issue The crisis in the Red Sea, which began in October 2023 and escalated through December 2023, has caused a shipping...
