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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The Salzburger Aluminium Group (SAG Group), a market leader in aluminium-based vehicle components, is making significant strides in advancing lightweight construction. This will help drastically reduce CO₂ emissions across the automotive and heavy vehicle sectors. From luxury sports cars that race to high speeds within seconds to heavy-duty trucks built with advanced lightweight parts, SAG’s rheocasting technology has become instrumental in manufacturing durable, high-performance components. SAG’s lightweight designs for heavy goods vehicles use Fronius’s patented Cold Metal Transfer and WireSense technologies to ensure strength and resilience in even the most demanding conditions. As a global leader in aluminium tank manufacturing for heavy trucks, SAG serves a roster of top-tier OEMs...
According to China customs data, September 2024 witnessed a continued decline in aluminium wire and cable exports. Month-on-month, the export volume was down by 29 per cent, while year-on-year, 39.77 per cent lower. Following a stable export trend at the beginning of the year, recording over 20 per cent growth Y-o-Y, China’s aluminium wire and cable shipments started facing a hit, making the Q3 export volume unsatisfactory. Image Source: Huaxiao Metal Focusing on September, China’s aluminium wire and cable exports were valued at $28.06 million, down by 25.48 per cent and 38.42 per cent. As per the historical survey, the quantity of exported items was about two-year low, standing at 9,300 tonnes. Among these, the export volume of steel-core aluminium stranded wire and similar products was...
Sun Chemical, X-Rite Incorporated, and Pantone LLC have jointly introduced new Monobloc colour libraries within the PantoneLIVE™ digital colour ecosystem, enhancing the precision of Pantone standards communication across monobloc can production. These innovative libraries support brands and metal packaging manufacturers by setting realistic expectations for design, proofing, and printing. They cover both gloss and matte finishes on products like monobloc aerosols, aluminium collapsible tubes, cartridges, and felt pen cases. According to a statement from the companies, these Monobloc colour libraries are integrated within the 'PantoneLIVE Production—Print and Packaging' subscription and aim to provide the most accurate representation of Pantone colours for extruded aluminium aerosol cans....
According to industry experts at the recent BIR convention in Singapore, Southeast Asia is rapidly establishing itself as a major hub for metals recycling, with new facilities emerging across Malaysia, Thailand, and Vietnam. Currently, BIR has a membership of over 1,100 companies, and around 1,200 delegates attended the Autumn Convention held in Singapore. The Bureau of International Recycling (BIR) is the only global recycling industry federation representing more than 30,000 companies around the globe held the WORLD RECYCLING CONVENTION (Round-table session) in SINGAPORE from October (27) 28-29, 2024, RAFFLES CITY CONVENTION CENTRE, FAIRMONT HOTEL Among the latest additions is Oryx’s advanced stainless steel recycling facility in Johor Bahru, Malaysia, which has been designed as a...
On Thursday, October 31, the average alumina spot price in China has gained RMB 49 per tonne to settle at RMB 5,056 per tonne. The average alumina prices have shown growth in all the major regions, with the highest in Guizhou where it has surged by RMB 65 per tonne to settle at RMB 5000 per tonne. Source: Avant On the same day, the prices in Henan, Shanxi and Guangxi have hiked by RMB 50 per tonne to clock at RMB 5,050 per tonne, RMB 5,110 per tonne and RMB 5,000 per tonne. As per the SMM data, the price in Shandong has ascended by RMB 25 per tonne to arrive at RMB 5,060 per tonne. Both Lianyungang and Bayuquan have shown a growth of RMB 100 per tonne to peg at RMB 4,700 per tonne. The domestic price of low carbon aluminium has lost RMB 62 per tonne to peg at RMB 21,703 per tonne. The...
AMAG Group demonstrated remarkable resilience in Q3 2024 despite the ongoing economic challenges in Europe, achieving 8 per cent year-over-year growth in EBITDA. The Metal Division maintained a strong earnings performance across the first three quarters, underscoring the Group's stability in a fluctuating market. The Casting Division saw earnings fall short of last year, but overall quality remained strong despite persistent headwinds in the automotive industry. Meanwhile, the Rolling Division capitalised on market opportunities, demonstrating remarkable flexibility that helped mitigate volume and price pressures in the current reporting period. Dr Helmut Kaufmann, CEO of AMAG Austria Metall AG, said, "With the economic situation in many European countries remaining subdued, we have so...
The UK Government’s recent release of the Invest 2035: Modern Industrial Strategy signals an ambitious commitment to stimulating growth across critical sectors. ALFED welcomes this strategy as a platform to highlight the strategic role of aluminium in transitioning to a sustainable, net-zero economy. As the unified voice of the UK aluminium industry, ALFED remains dedicated to advocating for our members across production, processing, recycling, and trade. This announcement offers an opportunity to shape the industry’s future and advance our goals of innovation, competitiveness, and sustainability. An urgent call for comprehensive sector support Aluminium stands at the heart of sustainable manufacturing, especially in industries like transportation, construction, and packaging, where...
On October 28, Nampak Limited, Africa’s leading packaging company, announced its selling plan of a 51.43 per cent stake in Nampak Zimbabwe to TSL Limited for $25 million. This move aligns with Nampak’s strategy to divest certain assets to reduce debt and mitigate economic challenges. Image Source: Nampak Nampak informs that the money generated from this sale will be utilised for debt repayment. However, transaction closing is subject to specific conditions, including shareholder approval from TSL and some obligatory official clearances. According to the Companies and Other Business Entities Act and the Zimbabwe Stock Exchange rules, TSL must extend a mandatory offer to acquire the remaining shares in Nampak Zimbabwe after the completion of the sale transaction. TSL stated that it can meet...
Chinese anode producer Sunstone was pleased to win a major order from US Aluminum company Alcoa and was so pleased that the story was released in Chinese media. I saw this photo and the accompanying story in Yicai. The story confirms that the contract is for 240,000 tonnes of anodes for the buyer's Canadian and Spanish plants. That's more than 500,000 tonnes of metal based on normal yields. Hang on, I thought the San Ciprian smelter was closed. Alcoa always said they would try to bring the plant back onstream, and recent headlines indicate they are not far away from signing a major energy supply contract with a provider in that country. It was Europe's energy shock following the Russia-Ukraine geo-political crisis that forced the plant to close. So an anode supply contract with Sunstone...
In a recent survey, Zhejiang Jinfei Kaida Wheel Co., Ltd stated that local market demand has increased with major Chinese automotive brands like Chang'an, Great Wall, and BYD establishing production bases in Thailand. As a result, the China-based manufacturer and distributor of automotive components specialising in aluminium alloy wheels for cars, motorcycles, and electric vehicles announced the plans to ramp up investment in its Thai facility and enhance the factory's delivery capabilities. The project, with a total investment of RMB 557.18 million, is progressing smoothly and is scheduled for completion in the fourth quarter of 2025. The production target of 2 million new energy vehicle wheels per year is advancing steadily and on track. Utilising an advanced "future factory" model, it...
On October 9, the Guangxi Branch of Chinalco held a commissioning ceremony for the first and second phases of its alumina pipeline dissolution transformation project. Tian Mingsheng, Party Secretary and General Manager of the Guangxi Branch, and Chairman of Guangxi Hualei New Materials Co., Ltd., officially announced the project's launch. Ma Xiaozhong, Deputy General Manager of both the Guangxi Branch and Guangxi Hualei, presided over the ceremony. He Haibo introduced the project's construction journey, noting that since work commenced on August 21, 2023, all involved have upheld the drive of "approval means construction, opening means decisive battle, and starting means sprint." After 416 days and nights of dedicated effort, they achieved the ambitious goal of "completion in 14 months."...
Aluminium Stewardship Initiative (ASI) announced that Guangdong Golden Aluminum Co., Ltd. has earned the Performance Standard V3 (2022) Certification. Located in the Guangdong Province, the company unlocked this achievement for manufacturing aluminium alloy profiles for building and industrial applications. Source: ASI The Aluminum Stewardship Initiative (ASI) announced this achievement, recognising the facility's adherence to rigorous standards. Key production processes at the facility include aluminium rod extrusion, surface treatments (such as oxidation, spraying, and electrophoresis), and packaging. Founded in 1999, Guangdong Golden Aluminum is a comprehensive enterprise specialising in advanced aluminium products' research, development, production, sales, and service. These products...
China's largest aluminum producer Aluminium Corporation of China Limited, popurlarly known as Chalco, has released its third quarter’s fiscal results, posting a 3.3 per cent year-on-year rise in net profit to RMB 2 billion (US$280.4 million). During the period under review, Chalco’s revenue also increased by 16 per cent year-on-year to RMB 63.06 billion, equivalent to US$8 billion. However, the company’s profits after excluding extraordinary gains and losses were 9.1 per cent lower than during the corresponding period of the previous year, attributed to higher alumina prices, adjustments in aluminium smelting assets, and adjustment related to power surcharge. Chalco’s total net profit in the first nine months of 2024 amounted to RMB 9.02 billion (US$1.27 billion), up by 68 per cent Y-o-Y...
Lisa Eldridge's new addition, 'Rouge Experience Refillable Lipstick', excels with distinctive sustainable packaging design. This lipstick, which comes in 8 shades, features a recyclable, mono-material refill made of aluminium, easing the replenishment of cosmetics for beauty lovers. Image source: Lisa Eldridge "Man, no. I wanted mine to be 100% aluminium," she said to the media. "What's the point of a refill if you can't recycle it?" The creative use of a single material like 100 per cent aluminium simplifies recycling processes and reduces plastic waste. Inclination towards sustainability in cosmetics, demonstrated by refillable and recyclable packaging, preaches growing environmental crises. "People ask me all the time, am I a sustainable makeup brand," she says. "And I say no, I'm not,...
Mining and aluminium giant Rio Tinto is now focused on getting its Simandou iron ore project in Guinea up and running. Newspapers report that shipments will begin in 2025. Simandou is a huge project that has taken Rio Tinto years to realize. The initial production rate is said to be 120 million tonnes of ore per year. That's 10 million tonnes of iron ore going onto Capesize vessels in Guinea every month. Guinea is presently shipping about the same amount of bauxite every month, mostly to China. Although there probably won't be any conflicts of capacity landside, the same may not be true for the shipping market. I don't have any data on this, but if I were exposed to variations in the landed price of bauxite, I would be checking to ensure the shipping industry has enough Capesize vessels...
Liverpool-based Atomik AM has partnered with Cygnus Atratus, a technology developer specialising in fuel cell and hydrogen production in Oakerthorpe. Together, they are set to explore innovative energy solutions by repurposing waste from Atomik's aluminium additive manufacturing (AM) process. Source - Atomik AM "For this project, I will be analysing the waste that is produced from Atomik AM's printers and attempting to quantify how much energy can be produced, along with some projections. Both companies share my values and desire for social change so it's a pleasure to be leading this project and working across two incredibly talented teams," explained engineer and PhD student Luke Evans. Unlike the typical aluminium alloys, Atomik AM employs pure UK-sourced aluminium powders, which...
Alcoa, an American industrial corporation and the world's eighth-largest producer of aluminium, has reportedly expressed its optimistic outlook on the usage of aluminium to be driven by power grids, energy storage, and solar panels development to support energy transition to renewable energy. Image Source: Alcoa Corporation Reiterating the vision, Alcoa's CEO William (Bill) F. Oplinger states that aluminium is a ready substitute for copper. He asserted: "Alcoa very bullish" on aluminium as the energy transition drives demand growth, including substitution away from copper." At a conference in Sydney, William (Bill) F. Oplinger said that demand for copper would surpass the production volume, giving space to aluminium to intrude and substitute copper in some applications. "Megatrends are...
A 2016-built aluminium die-casting company achieved INR 20 crore turnover in 2024. Abhinitee India is now a known name in the nation, and it was set up by five college friends, Jitendar Ingale, Vidula Aher, Mangesh Thorat, Harish Shrirao and Niteen Jhadav. Image Source: Pixabay The company specialises in high-pressure die-casting (HPDC) and is proficient in low-pressure die-casting (LPDC) and other casting techniques. The official website states that their mastery of HPDC sets them apart in the industry. As Jitender reminisces on their odyssey, his words capture the enthusiastic approach of their venture, "We started small but with a big dream. Today, we're proud of what we've achieved, but we're just getting started. There's so much more to come, and we're ready for it." Abhinitee's...
