London Metal Exchange (LME) aluminium prices moved lower on September 18, with cash, three-month and Dec-27 contracts declining from the previous session. The LME aluminium price overview also showed the Asian reference price falling, while cancelled warrants increased. Opening stocks and live warrants edged lower. The LME aluminium cash bid price fell 0.60 per cent to USD 3,283 per tonne from USD 3,302.5 per tonne , while the cash offer price declined 0.56 per cent to USD 3,285 per tonne from USD 3,303.5 per tonne. The three-month aluminium bid price fell 0.08 per cent to USD 3,281.50 per tonne from USD 3,284 per tonne. The offer price declined 0.09 per cent to USD 3,282 per tonne from USD 3,285 per tonne. For the Dec-27 contract, both the bid and offer prices fell 0.25 per cent. The bid...
Caterpillar today launched the Cat® 355 Hydraulic Excavator and Cat D5 Dozer for mining and heavy infrastructure applications, and the Cat 120 GC Motor Grader for road construction, at bauma CONEXPO India 2026. Visitors can experience Caterpillar’s integrated portfolio at stall O.E20 at the India Expo Centre in Delhi NCR from September 15-18. Visitors can explore Caterpillar’s integrated portfolio of Cat and SEM machines, connected technologies, aftermarket services, financing solutions, rental and used equipment, FG Wilson gensets and work tools. The showcase demonstrates how Caterpillar and its dealers combine equipment, technology and support services to help customers improve productivity, and safety and lower operating costs. Solutions for quarry, mining and heavy infrastructure The...
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The combination of high alumina prices, positive sentiment in relation to the Chinese economy, the US$ index moving down, and small shortages of metal has seen metal prices rise to over RMB21,000/ tonne. However, there are also signs that the price may have moved higher into the stratosphere. Traders are becoming concerned about entering the market at such a high price, while downstream factories are only buying bare minimums based on their order books. While the price may further test new highs, it's becoming clear that there's not much oxygen at these levels. On the other hand, alumina costs will continue to push the metal, and there is some evidence of major houses taking positions to push the metal price up. That's happening in alumina too. Overall, we think that the metal price will...
Novelis Inc., a global leader in sustainable aluminium solutions and a subsidiary of Hindalco Industries, announced its financial results for the second quarter of fiscal year 2025 on November 6, 2024. The company, renowned for its dominance in aluminium rolling and recycling, reported a significant decline in its quarterly earnings. Net income for the September quarter fell by 18 per cent, amounting to $128 million. This downturn reflects the challenges the aluminium sector faces amidst evolving market conditions. Despite the decrease, Novelis remains committed to its core innovation and sustainability strategy, leveraging its leadership to navigate complex industry dynamics. The US-based aluminium rolled products company reported a net income of $157 million for the corresponding period...
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price in China has continued its upward trajectory, reflecting a W-o-W hike of 5.37 per cent and a y-o-Y surge of 77 per cent from RMB 5,056 per tonne and RMB 3,010 per tonne. Image Source: Itaforte Alumina price change As of today, the alumina price has heightened to RMB 5,328 per tonne following a hike of RMB 75 per tonne. This continued price growth can be attributed to the ongoing supply disruptions following the suspension of GAC's bauxite exports from Guinea, a key source of imported bauxite for China. The alumina price has ascended the highest in Lianyungang and Bayuquan by RMB 100 per tonne, settling at RMB 5,500 per tonne. In Henan, Guizhou, and Guangxi, the alumina prices have added RMB 75 per tonne...
Samsung's select models, W25 and W25 Flip, have been launched exclusively in China. Built with a classy aluminium chassis, the models resemble the popular Samsung flip phone model Z Flip. The redesigned W25 and W25 Flip look way more sparkly than the Z Flip, with gold borders at different angles. Image Source: 91 mobiles Technical Specifications: The devices will be available to purchase in China from November 15, 2024. Both mobiles will be designed in a black-gold premium gift box with a faux leather case. The Samsung W25 has a main 8-inch 2x AMOLED QXGA+ display with 2184 X 1968 pixels resolution, 1-120Hz refresh rate, 2600nits brightness, and Corning Gorilla Glass Victus 2. An additional 6.5-inch cover display with 2520 X 1080 pixels resolution and a 1-120Hz refresh rate is there on...
On October 15th, Inner Mongolia Weiwang Aluminum Products Processing Co., Ltd. officially entered the trial production phase of its aluminium alloy ingot project. With a significant investment of RMB 100 million, the facility is set to produce 60,000 tonnes of aluminium alloy ingots annually, derived from 70,000 tons of recycled aluminium. This project began construction in August 2020 and has now entered the trial production phase following successful equipment debugging. Beyond its production capacity, the project is projected to generate annual sales of RMB 1.2 billion, with a total profit forecast of RMB 40 million. Furthermore, it is expected to create employment opportunities for over 50 people, fostering economic growth and contributing to the aluminium industry's advancement in...
Defying predictions of a close race or a delay of days or weeks for the final numbers, Donald Trump has emerged with enough Electoral College votes to take back the job he held 4 years earlier. His victory speech at 2 in the morning offered little in the way of clues, but as most pundits have explained, there's no evidence that he won't be exactly the same man he was in his first stint. So it's still too early to say, but if the economy and border security are his first two priorities, then the third will be his call to slap tariffs on foreign countries who trade with the USA. Apart from perhaps Canada, almost no country shouldn't feel a little worried about their exports to America. And up there, at the top of the list, is China. However, China is also near the top of Trump's laundry...
Ines Kilnhofer, project lead of RecycleMich, has propelled Austria’s first recycling app into the spotlight as a finalist in the Sustainability Awards’ Commercialised Best Practice category. This pioneering app, created to incentivise and elevate recycling behaviour, marks a new chapter in consumer engagement by turning recycling into an accessible, rewarding habit. Revolutionising recycling one scan at a time In a time of urgent climate action, RecycleMich empowers users to protect natural resources through a straightforward, digital process. With the free app, users simply scan empty packaging, dispose of it correctly, and collect points for weekly and monthly raffle entries. The more packaging they recycle, the greater their chance to win—a feature that has motivated users to scan over...
Alumex PLC, a pioneering force in the aluminium extrusion industry, celebrated a major milestone with the inauguration of its much-awaited 'Ascend' facility on September 26, 2024, in Sri Lanka. This state-of-the-art production centre marks a new era in efficiency and technological progress, showcasing Alumex's steadfast commitment to innovation, quality, and sustainability. Aluminium High Pressure Die Casting machine Equipped with cutting-edge technologies, including Aluminium High Pressure Die Casting (HPDC) and specialised Aluminium Balcony Assembly Line machinery, the facility enhances Alumex's manufacturing capabilities to meet unique requirements for international clients and capture new opportunities in both existing and emerging global markets. The new Aluminium High Pressure Die...
The year-on-year decline in the United States imports of aluminium crude metal and alloys for consumption, alongside the increase in domestic scrap generation and restrained export volume, indicates the country's intentional shift in focus from primary to secondary aluminium applications. From January to July 2024, the United States imported 2.14 million tonnes of aluminium crude metal and alloys, down by 7.76 per cent Y-o-Y from 2.32 million tonnes. Each month through July 2024 witnessed Y-o-Y fall. In July, the United States aluminium crude metal and alloy imports amounted to 293,000 tonnes, significantly down by 11.48 per cent Y-o-Y from 331,000 tonnes and 13.82 per cent less than 340,000 tonnes a month ago. Among the sources, Canada was the highest supplier of aluminium crude metal...
Saudi Arabia’s King Khalid University researchers have designed an anti-reflective coversheet filament that can be used by a 3D printer for photovoltaic (PV) modules. The cover sheet is entrenched on cyclic-olefin copolymers (COC), with added aluminium oxide (Al2O3) or better known as alumina powder, at different concentrations. COC are polymers with unique mechanical traits and transparency, while aluminium oxide is known for its enhanced anti-reflection attributes. Image Source: King Khalid University “The application of anti-reflective materials on the photovoltaic substrates can enhance the absorption of sunlight and minimise the reflection,” explained the researchers. “Currently, there is no ideal anti-reflective coating for solar cells that can transmit sunlight without reflection.”...
Škoda Auto India has taken the wraps off its much-awaited SUV, the Kylaq, revealing the vehicle for the very first time in India and the world. The Kylaq ushers in the New Era for Škoda Auto in India as it enters new markets and attracts new customers into its fold. The company had ascertained its ambitions to expand further in India with the announcement of this SUV in February this year. In October this year, Škoda Auto India conducted drives of a camouflaged pre-production version of the Kylaq. A month later, the Kylaq has now made its world premiere, with bookings opening from December 2, 2024. Klaus Zellmer, CEO of Škoda Auto, said, "The Škoda Kylaq is our first sub 4m SUV, designed in India and for India as a new entry point to our brand. India is key to our internationalisation...
The world of aluminium has always left me astonished. Every day, this "green metal" pushes the boundaries of possibility, silently weaving its way into every aspect of our lives. Like a quiet alchemist, aluminium strengthens and supports the modern world, blending into the fabric of our daily routines yet playing an indispensable role. It holds up our bridges and buildings, transforming the visions of architects and engineers into durable, sustainable realities. On the roads, aluminium lightens vehicles, boosting fuel efficiency, and in the skies, it shapes the wings of aircraft, making travel faster and greener. Our electronics also rely on it—aluminium is the "invisible guardian" within our phones and laptops, cooling and protecting them. Even in our homes, it wraps leftovers and frames...
The average alumina spot price in China has added RMB 44 per tonne overnight to reach a new high of RMB 5,253 per tonne on Wednesday, November 6. The continued supply disruption on the suspension of GAC’s bauxite exports from Guinea, while the latter remains the primary source of imported bauxite, has brought the domestic price of Chinese alumina to this high. Based on the historical data from the Shanghai Metals Market, the price is currently 4.9 per cent higher week-on-week compared to RMB 5,007 per tonne and edged a month-on-month hike of 27.87 per cent from RMB 4,108 per tonne. Image Source: Chinalco In some major consumption provinces, the price has even surged by RMB 75 per tonne overnight, such as in Guizhou and Guangxi, bringing the price to RMB 5,200 per tonne. In Shandong and...
Contradictory to August 2024's decision of cancelling the auction, State Property Fund has scheduled a repeated auction for the state-owned stakes of ZaporozhyeIndustrial Aluminium Plant JSC, a company in Ukraine that was known as the producer of aluminium bars and cylindrical ingots. Image Source: Wikimapia As per a regional media correspondent's report, the Ukrainian State Property Fund revealed the statement on social media. "On November 7, 2024, an online auction is expected to be held for the privatisation of the state-owned block of shares in the amount of 97.5458 per cent in the authorised capital of Zaporozhye Industrial Aluminium Plant JSC, totalling 607,446,012 shares," the report states. The enterprise, at the moment, is known to include 18 state-owned objects which were not...
Speira's latest alloy solution, VIA Maris Njørdal, has bagged the life cycle assessment (LCA) certification as an eco-friendly maritime as well as off-shore material. Image Source: Speira The LCA was conducted by the Water Revolution Foundation (WRF) and the ISO 14040 and ISO 14044 by ALEA SRL (University of Modena Reggio Emilia Spin-Off) with third-party peer-review by LCA Working Group (research group of UNIMORE). Data quality evaluation of the material was based on metrics such as age, reference technology, process, calculation methods, and measurement irregularities. Data is categorised into specific data (from surveys or literature), selected generic data (from databases), and proxy data (estimates and averages). Supporting the fact, Awwal Idris, an Environmental Expert from WRF, has...
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The United States Department of Commerce has reportedly found that government subsidies are giving a lot of undue benefits to domestic companies importing disposable aluminium containers, pans, trays, and lids from China. This, in turn, is causing an unfair trading environment for indigenous producers, requiring them to compete with artificially low prices in the market. So, the Commerce Department has decided to instruct US Customs and Border Protection (CBP) to impose countervailing duties on the products at the time of importation. The Commerce Department has also proposed this duty be implemented retroactively, meaning importers who procured disposable aluminium containers from China 90 days before the publication of the department’s preliminary determination notice in the Federal...
Vedanta Aluminium, India's largest producer of aluminium, announces that its e-commerce platform, Metal Bazaar, is making significant strides in transforming the buying behaviour of small and medium enterprises (SMEs). In just six months since its launch, SME users have increased by 35 per cent, and active users have surged by 240 per cent. With no purchase limits or caps, Metal Bazaar provides businesses with direct access to aluminium in the quantities they need, eliminating third-party intermediaries, which is particularly helpful for small and medium enterprises (SMEs). This streamlined, one-stop solution enables smaller businesses to focus on growth rather than procurement complexities. This impressive growth underscores a broader trend among Indian businesses towards adopting...
