Futures: SHFE aluminium closed at RMB 24,375 per tonne in the previous trading session, edging down 0.04 per cent. The price stood above the MA10 (24,304) and MA30 (24,089.5), but slightly below the MA5 (24,258). Short-term moving averages flattened, while the medium-term bullish alignment remained intact, with the market consolidating at highs overall. On the MACD indicator, DIF=129.53 and DEA=139.74. DIF stayed above the zero axis but maintained a death cross, with the histogram at -20.43, indicating weakening bullish momentum and lingering short-term correction pressure. Trading volume rebounded slightly to 54,800 lots, with moderate market activity. The suggested core trading range for SHFE aluminium is 24,000-24,600. LME aluminium closed at USD 3,293.5 per tonne, down 0.20 per cent....
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...
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Metro Mining Limited has yet again achieved a new monthly high shipment by delivering 793,420 tonnes of wet bauxite in October 2024. The shipment volume rose 1.72 per cent month-on-month from 780,000 tonnes and surged year-on-year by 18 per cent. Image Source: LinkedIn (Metro Mining) The integration of a real-time monitoring system and improved operating capacity and loading rates, stabilising at 1,800 tph by September and peaking at 2,500 tph during free-digging operations at Ikamba's conveyor system, contributed to a new record high of Metro's bauxite shipment. The new monthly high has brought the total year-to-date shipment to 4.45 million tonnes of wet bauxite, marking a 69.5 per cent achievement of the annual target of 6 to 6.4 million tonnes. Until Q3 2024 ended September 30, Metro...
Triumph Speed 400 MY25 makers have decided to relaunch in India, bringing back the initial metal finish brushed aluminium exhaust in place of the previous black finish ones from T4 after robust customer feedback. Image Source: Triumph Official Website Along with restoring the aluminium exhaust, the two-wheeler model has received four newer colour options namely pearl metallic white, racing yellow, racing red, and phantom black. The motorcycle gets adjustable clutch, brake levers, and a better-cushioned seat for more comfort. The MY25 Speed 400 is shod with Vredestein Centauro radial tyres, a 110/80-17 front tyre and a 150/70-17 rear tyre. Due to the high-end tyres, the front and rear suspension travel has decreased by 10 mm each. The rake has also been altered to a 25.1-degree rake on the...
With the rising demand for hydropower as an alternative to fossil fuels, Iceland undertook the development of the Kárahnjúkar hydropower plant in the eastern Highlands to support the Alcoa aluminium smelter, built simultaneously. Image source: Stantec Iceland's largest industrial development Together, these projects represent Iceland's largest industrial development to date. With an annual output of 4,600 GWh, this $1.2 billion (€1.1 billion) venture took five years to complete. The construction includes 73 kilometres (45 miles) of tunnels, five dams, and three reservoirs. The Icelandic government strongly supports hydropower, seeing it as essential to its economic growth strategy, particularly for powering energy-intensive industries. While investors explore new hydropower projects,...
The Queensland Resources Council (QRC) has welcomed the appointment of Dale Last as Australia's second-largest state Queensland's new Minister for Natural Resources and Mines and Minister for Regional and Rural Development. QRC Chief Executive Officer Janette Hewson extended her congratulations to Dale Last on his Cabinet appointment, highlighting the importance of his role in overseeing Queensland's critical resource sector. Hewson noted that the Council looks forward to working with the new Minister to advance sustainable development and ensure that the resources industry continues to contribute to regional growth and economic prosperity. Janette Hewson, Chief Executive Officer of QRC, stated, "The QRC looks forward to working constructively with Minister Last, whose own electorate...
Aluminium Bahrain (Alba), the world's largest single-site aluminium smelter, has entered into a strategic partnership with Bahrain-based ARRAY Innovation, a leader in AI and digital cloud solutions. The partnership, formalised at the Gateway Gulf Investment Forum's second edition, focuses on advancing Alba's digital transformation journey under the Industry 4.0 framework. Alaa Saeed, ARRAY Innovation Founder and CEO, said, "We're excited to partner with Alba on their Industry 4.0 initiatives, leveraging the depth of ARRAY's Quantitative Development and software engineering expertise to provide Artificial Intelligence, Machine Learning, and Data Analytics solutions. Array is on a mission to build advanced enterprise software, analytics, artificial intelligence, and machine learning...
AL Circle’s latest e-magazine explores the exciting world of flat-rolled aluminium products through illustrative articles. From Türkiye's booming demand for aluminium in electric vehicles to luxury packaging embracing a sleek and sustainable makeover, these stories show how flat-rolled products are capable of leading a bold, eco-driven transformation. Sustainability is no longer a goal; it is the new norm, and these companies are proving that green growth and industrial progress can roll together seamlessly! Aluminium in packaging: consumer trends and market dynamics The aluminium packaging project was on an upward trajectory through 2023 owing to the focus on eco-friendly, reusable and optimally functional packaging. The crucial factors include replacing traditionally used items like...
China’s domestic aluminium processing industry saw a 12.64 per cent downturn in the Purchasing Manager Index (PMI) during October 2024, reflecting a transition from peak to the traditional off-season. Although the PMI level in the said month stood above 50, the worsened trend in the preceding month due to low orders on hand amid the full-fledged traditional off-season is likely to bring the November PMI below the 50 per cent mark. According to the Shanghai Metals Market survey, the PMI index for China’s domestic aluminium processing industry was 53.9 per cent, compared to 61.7 per cent in September. The weaker PMI for aluminium plate, sheet and strip industry, aluminium foil, industrial aluminium extrusion, and primary aluminium alloy mainly contributed to the overall decline....
At Gateway Gulf 2024, an investment forum programme hosted by the Bahrain Economic Development from November 3 to 4, Aluminium Bahrain B.S.C (Alba) and Daiki Aluminium Industry Company Ltd., talked about their strategic partnership to form a joint venture firm – Alba-Daiki Sustainable Solutions (ADSS). Image Source - Aluminium Bahrain (Alba) The partnership was initially signed on August 7, 2024 , to establish a cutting-edge, sustainable aluminium dross processing facility through the joint venture. Reaffirming the partnership at the forum underpins the companies' diligence and commitment towards the upcoming project. In the forum, Alba and Daiki Aluminium shared their share percentage in the JV for the first time. While Alba will hold a 70 per cent stake, Daiki will own 30 per cent. The...
In October 2024, the LME aluminium prices saw renewed strength despite the headwinds of a stronger US dollar and varied economic indicators from key markets. After reaching a cash-month low of $2,521 per tonne on October 15, prices rebounded to USD $2,617 per tonne by the month's close. A major factor underpinning this upward trend is the tightening of alumina supply, which has fuelled cost pressures across the aluminium industry. Alumina prices have surged from USD $350 per tonne to around USD $700 per tonne—a figure expected to climb further in the coming weeks. The spike follows a series of production disruptions and a halt in bauxite exports from Guinea to one of the world's leading alumina and aluminium producers, amplifying concerns of continued supply constraints. Several companies...
The average alumina spot price in China has opened the week with a surge of RMB 59 per tonne to settle at RMB 5,168 per tonne. As per the Shanghai Metals Market (SMM), the alumina price has continued its record-breaking climb, reflecting a W-o-W hike of RMB 268 per tonne or 5.46 per cent. Image source: Made in China The prices have highlighted growth in all the regions, with the highest in Lianyungang and Bayuquan, where it has spiked by RMB 200 per tonne to peg at RMB 5,100 per tonne. In Guizhou as well the alumina price has expanded by RMB 75 per tonne to settle at RMB 5,100 per tonne. In the Henan region, the price has increased by RMB 60 per tonne to arrive at RMB 5,160 per tonne. In Shandong and Shanxi, the prices have hiked by RMB 50 per tonne to clock at RMB 5,150 per tonne and RMB...
Lorin Industries, Inc., the global industry leader in the innovation and production of coil anodised aluminium, announces its attendance at ARC US 2024, the nation’s leading architects’ forum, held November 21-24 at the JW Marriott San Antonio Hill Country Resort in San Antonio, Texas. Arc US consists of a series of meetings where architects and experts from Lorin will meet and discuss the benefits of Lorin coil anodised aluminium for cutting-edge architectural projects in the United States and beyond. Lorin aims to raise awareness of coil anodised aluminium’s benefits compared to other options like painted aluminium, bronze, copper, zinc, stainless steel, titanium, brass, or gold. Anodising is an electrochemical process that builds an anodic layer from the aluminium, bonding it to the...
The Aluminium Company of Egypt (Egyptalum) has achieved ASI Performance Standard V3 (2022) Certification for its production and supply of primary aluminium products. This certification encompasses a range of products, including ingots, wire rods, billets, T-bars, slabs, primary foundry alloys, flat-rolled products, and extrusions. Image source: ASI Egyptalum’s certified processes at its Nag Hammadi facility include casting, rolling, and extrusion. The certification also covers raw material and finished product transportation at the Safaga port, along with carbon anode manufacturing and industrial gases and compressed air production. With an annual production capacity of 320,000 tonnes of primary aluminium, Egyptalum’s facility also supports downstream activities, including producing flat...
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. Notably, the average spot price for alumina in China surpassed RMB 5000 for the first time on Wednesday, settling at RMB 5,007 per tonne before rising further by RMB 49 to reach RMB 5,056 per tonne. In addition, Metro Mining Limited reported a remarkable operational update for the third quarter of 2024, achieving record bauxite production. The company shipped 2.13 million wet metric tonnes (WMT) during the quarter, representing a substantial increase of 50 per cent from Q2 2024 and a 32 per cent rise compared to Q3 2023. Meanwhile, Aluminium Corporation of China Limited (Chalco), the country's largest aluminium producer, disclosed its...
Environmental protection inspection and measurement have resumed in some Chinese provinces like Henan, which may cause aluminium plate, sheet and strip enterprises to reduce production. The Shanghai Metals Market is closely monitoring the situation as Henan is a hub for aluminium plate, sheet and strip production; therefore, output cuts will likely dampen China’s total production of aluminium flat products. Image Source: Mingtai Aluminium According to SMM, China’s domestic operating capacity of aluminium plates, sheets, and strips exceeded 20 million tonnes, with about 40 per cent located in Henan. An industry player has pointed out that operation restrictions in Henan during the winter heating season have become almost an annual practice, causing impacts on aluminium production. So, over...
Millburn Fire Department officials have come up with an aluminium recycling initiative dedicated to facilitating treatment for child burn patients. Image Source: Pixabay The programme, 'Aluminum Cans for Burned Children (ACBC)', is dedicated to donating all earnings to Cooperman Barnabas Medical Center's (CBMC) Burn Center. 30 town fire departments in the US state partner with CBMC's aluminium can collection and recycling project. According to Cooperman Barnabas Medical Center's (CBMC) Burn Center, "ACBC was founded in 1986 by local firefighters to raise funds for children cared for at The Burn Center at Saint Barnabas. As New Jersey's only burn treatment facility, each year, the Burn Center admits more than 400 patients, with another 6,000 seen on an outpatient basis. Approximately 40...
Italy has been stunning the world with its artistic creation for centuries. What made Italy even more noticeable in the 1950s were the Italian sports cars, which were considered 'moving art' at the time. Paying tribute to those beauties, The Amalgam Collection's aluminium carrosseries hasve recently made some buzz and, all for the right reasons. Image Source: The Amalgam Collection Curving metals into artistic car bodies is a meticulous task indeed, especially when trying to capture the original essence in a quarter of the size. Each piece has been handcrafted with utmost details and traditional techniques from aluminium sheets by proficient artisans. To create the panels using the 'English Wheel' and hammering the metal over a buck, the work done by legendary coachbuilders such as...
In late October, before declaring third-quarter financial results, Ball Corporation completed the acquisition of a European aluminium packaging firm, Alucan Entec SA, which is believed to have boosted earnings per share on a year-on-year basis. Image Source: Ball Corporation The acquisition, worth $8 million, complements the company’s existing global extruded aluminium aerosol and bottle business with the addition of two manufacturing facilities near Lummen, Belgium, and Llinars del Vallés, Spain. Ball Corporation, in its third-quarter results, reported that its third-quarter 2024 net earnings attributable to the corporation were $197 million against $3.08 billion in sales, compared to #203 million net earnings on sales of $3.11 billion a year ago. Earnings per diluted share were 91 cents...
With the growing demand for packaging with reduced plastic content and more eco-friendly materials, many organisations are developing sustainable solutions featuring aluminium as one of the key ingredients. In response to this demand, Hamed Zarei and his team designed and evaluated various paper-aluminium laminates, testing their strength and durability against traditional polyethylene-aluminium packaging. Image source: Hamed Zarei As per the research published in ACS Omega, substituting plastic layers in takeout containers with paper could improve sustainability. Through mechanical testing and computer simulations, researchers explored paper-aluminium laminate designs that maintain durability and functionality. Zarei's team initially created two types of paper-aluminium laminates – A...
