LME aluminium prices advanced on October 30 , with cash and futures contracts recording gains. The Asian Reference Price edged lower, while exchange opening stocks and cancelled warrants declined. Alumina Platts prices posted a stronger increase. Both the cash bid and cash offer rose 1.40 per cent, to USD 3,113.50 and USD 3,114 per tonne, respectively, from USD 3,070.50 and USD 3,071 per tonne. Three-month aluminium prices also moved higher. The bid climbed 0.52 per cent to USD 3,078 per tonne from USD 3,062 per tonne. The offer price also advanced 0.52 per cent to USD 3,080 per tonne from USD 3,064 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price...
The most-traded SHFE aluminium 2612 contract closed at RMB 23,280 per tonne, down RMB 85 or 0.36 per cent from the previous trading day's settlement price. It opened at RMB 23,375 per tonne during the day and fluctuated within a range of RMB 23,250-23,445 per tonne. Prices traded below the MA5 (23,386.00), MA10 (23,300.00), MA30 (23,570.00), and MA60 (23,778.00) moving averages, weakening again after a rebound and showing a consolidating-on-a-subdued-note structure, with the moving averages above forming key resistance pressure. The MACD DIF (-121.7235) remained above the DEA (-168.5361), with the MACD red bar at 93.6251, indicating some convergence in bearish momentum. The core trading range for SHFE aluminium is suggested at RMB 23,000-23,600 per tonne. The LME aluminium 3M contract...
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On Monday, April 8th, base metal prices on the London Metal Exchange (LME) followed an upward trajectory, buoyed by optimistic macroeconomic news from the US that exceeded expectations on the preceding Friday. Simultaneously, LME warehouse inventories saw decreases. Three-month futures for aluminium saw a modest climb of 0.4 per cent to reach $2,462 per tonne (t), while nickel prices stood at $17,875 per tonne, also showing a 0.4 per cent increase. Copper settled at $9,419 per tonne, and zinc experienced a 0.9 per cent uptick, reaching $2,663 per tonne. Lead prices saw a rise of 0.6 per cent to $2,136 per tonne. Metal prices surge amid manufacturing optimism At the beginning of the quarter, copper, zinc, and aluminium prices surged, reflecting signs of a rebound in manufacturing. Both US...
The European Commission has released a revised report on state-led distortions within the Chinese economy, expanding its scope to include additional sectors. This move may allow EU chip and clean-tech producers to file anti-dumping complaints. Published on March 10, 2024, the updated report is 712 pages long and provides intricate insights into what the EU executive identifies as distortions across the telecom equipment, semiconductor, rail, renewable energy, and electric vehicle industries. The aluminium, steel, chemicals, and ceramics sectors remain unchanged from the initial 2017 report. There isn't a comparable EU report for any other nation. The report serves as a resource for EU industries to lodge complaints regarding dumping practices. Should it be determined that prices and costs...
Mingdao Aluminum Industry and Yinlun Shares have recently solidified their collaboration through a strategic cooperation agreement. This partnership aims to leverage their combined strengths in various sectors, including heat transfer materials, e-commerce, logistics, and aluminium for construction, fostering integrated development and mutual growth opportunities. On April 2, a significant milestone was reached as Mingdao Aluminum Industry and Yinlun Shares formalised their strategic cooperation agreement. The signing ceremony, attended by key figures such as Xu Xiaomin, Chairman of Yinlun Group, and Liu Yudong, President of Geely Technology Group, emphasised the shared commitment to realising deep industrial integration across the aluminium materials sector. Shared vision for integrated...
According to data presented by the International Aluminium Institute (IAI), the total aluminium production in the Gulf Cooperation Council (GCC) for February 2024 decreased by 37,000 tonnes, or 6.95 per cent month over month, from 532,000 tonnes recorded in January 2024. This can be mainly attributed to the lesser number of days in February. However, if we consider December 2023, when the production was 530,000 tonnes, we can see a Month-on-Month spike of 2,000 tonnes or 0.38 per cent, suggesting profound stability in the market. The United States Geological Survey (USGS) records also suggest an uptick in US imports for consumption from the GCC. In December 2023, Bahrain exported 3,080 tonnes of crude metals and alloys to the US; Qatar contributed almost 6,890 tonnes, and the United Arab...
LME aluminium opened at US$2,459.5 per tonne in the previous trading day, with its high and low at US$2,494 per tonne and US$2,437 per tonne, respectively, before closing at US$2,471 per tonne, an increase of US$12.5 per tonne or 0.51 per cent. On Wednesday, April 10, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$38.5 per tonne or 1.61 per cent and US$26 per tonne or 1.08 per tonne to peg at US$2,429 per tonne and US$2,428.5o per tonne. As per the data, 3-month bid price and 3-month offer price expanded by US$53 per tonne or 2.17 per cent and US$51 per tonne or 2.09 per cent to halt at US$2,485 per tonne and uS$2,484 per tonne. December 25 bid price and December 25 offer price ascended by US$54 per tonne or 2.07 per cent and US$44 per tonne or...
Aluminium foil is not merely a basic kitchen necessity but has transformed into a versatile product with a wide range of traditional and innovative uses. It can be touted as a marvel of material science. Over recent years, the role of aluminium foil has evolved significantly, transitioning from a simple household wrapper to a vital material within the packaging industry. Aluminium foil, once confined to simply wrapping leftovers, has now become a versatile and indispensable component across industries, including food packaging, pharmaceuticals, automotive, and construction. In an era where the demand for sustainable and effective solutions is paramount, the versatility of aluminium foil has opened up new avenues for innovation and adaptation in our industries. According to AL Circle's...
The Red Sea ship assaults by militants have sparked concerns over potential trade disruptions, leading numerous prominent global shipping companies to redirect their vessels via the Cape of Good Hope. The European automotive sector is already feeling the effects of this crisis as it relies heavily on essential component imports from Asia. Asia, encompassing nations such as China, South Korea, and Japan, is a crucial manufacturing centre for automotive parts utilized across a spectrum of vehicles, spanning gasoline, hybrid, and electric cars. China, especially, has leveraged its cost-effectiveness and industrial clustering and has emerged as an integral link in the supply chains of European car manufacturers. However, data indicates that roughly 70 per cent of European automotive sector...
Cano Water, the pioneer in canned water, continues to champion sustainability with its recent expansion into Ocado's retail platform. Offering both still and sparkling options in packs of 24, priced at £16.00, Cano Water presents a compelling alternative to single-use plastic bottles. The hallmark of Cano Water lies in its packaging, crafted entirely from aluminium and with a commendable 62 per cent recycled material content. This choice ensures that each can is infinitely recyclable, contributing significantly to environmental conservation efforts. Expanding footprint: From concept to ubiquity Since its establishment in 2015, Cano Water has rapidly proliferated across diverse retail outlets, including esteemed names like Selfridge's, Tesco, and Amazon. With over 50 million cans sold...
In Australia's sprawling and diverse landscape, where vast distances stretch between cities and regions, the transport sector stands as a vital lifeline, weaving communities together and fuelling economic vitality. Yet, amidst mounting apprehensions regarding climate change and environmental sustainability, a compelling call to decarbonise this indispensable sector echoes nationwide. Acknowledging this pressing urgency, Borcat Trailers, an esteemed Australian trailer manufacturer, has embarked on a transformative journey towards sustainability. At the forefront of this endeavour is adopting Capral Aluminium's LocAl® Green lower-carbon aluminium—a resolute step towards a greener future for Australia's transport landscape. Borcat trailer & Capral Aluminium Together, they have embraced...
Elon Musk, Tesla's phenomenal chief, is set to embark on a significant journey to India. During the week of April 22, he will engage in crucial discussions with Prime Minister Narendra Modi in New Delhi. Sources privy to the matter indicate that Musk's visit is poised to unveil plans for Tesla's potential investment and the establishment of a new manufacturing facility in the country. Although details remain confidential, anticipation mounts as this visit coincides with India's upcoming elections, highlighting the potential economic implications of Musk's strategic endeavours. What does this mean for the Indian sub-continent? The prospective announcement of Tesla's investment during this politically charged period could reinforce the Government's pro-business image as India seeks to...
Norsk Hydro ASA, the world’s leading Norwegian aluminium and renewable energy company, has reportedly incorporated a recycling unit in its Ardal primary aluminium smelter in Norway. As per the report, the company has invested NOK 100 million in deploying a recycling technology, as an effort to increase recycling and meet the demand for low-carbon aluminium in European markets. Eivind Kallevik, Executive Vice President of Hydro Aluminium Metal, has rightly pointed out that the demand for low-carbon aluminium is increasing, particularly in the automotive industry. So, this new recycling unit of Hydro will facilitate the end-user industries with recycled aluminium and help them reduce carbon footprint in their value chain and get closer to achieving sustainability goals. The new recycling...
On Wednesday, aluminium prices surged to their highest levels in 14 months, alongside other industrial metals reaching new peaks. Investors flooded into the sector, driven by optimism surrounding the global economy. As per the data from MarketScreener, the benchmark three-month aluminium on the London Metal Exchange (LME) rose by 0.8 per cent to $2,480.50 per tonne by 1005 GMT, marking its strongest performance since February 10th of the previous year. LME aluminium opened at US$2,459.5 per tonne in the previous trading day, with its high and low at US$2,494 per tonne and US$2,437 per tonne respectively before closing at US$2,471 per tonne, an increase of US$12.5 per tonne or 0.51 per cent. The latest data buoyed investor sentiment, indicating a resurgence in metals demand. Manufacturing...
China Hongqiao Group Chairman Zhang Bo recently told at a conference that his company will announce its carbon goals and pathways later this year. There were no indications of what might be in the announcement, only that the company was working with several institutions and companies to develop its strategy. Hongqiao is a leader in more ways than one. Hongqiao is one of the world's largest producers of primary metal. Still, it is also taking a leadership position on secondary metal, developing assets in its traditional heartland of Shandong province. Hongqiao also led the industry in the transition to hydroelectricity on environmental grounds. The fact that Hongqiao is telegraphing its punches is likely a good thing for the environment, as it may induce other Chinese primary metal...
Aiming to achieve its global decarbonisation goals - a 10 per cent reduction in carbon emissions in all operations worldwide by 2025 and 25 per cent by 2030 - Hydro is investing R$1.6 billion in projects to decarbonise its operations of alumina production and bauxite extraction in the state of Pará. According to Carlos Neves, VP of Operations, in the areas of bauxite and alumina the company created a road-map for decarbonisation until 2050, with the first stage aiming to reduce emissions by 16 per cent, in order to contribute to the group achieving the global target of 10 per cent reduction by 2025. To this end, some projects were developed along the decarbonisation route, with emphasis on the alumina plant, located in Barcarena (PA). He adds that although Hydro is well positioned in the...
Amidst ongoing market fluctuations, the London Metal Exchange (LME) has reported that the share of available aluminium stocks originating from Russia remained steady at 91% in March, mirroring figures from the previous month. This data, while reflective of current market realities, underscores a consistent presence of Russian metal within LME-approved warehouses. In fact, at this moment, 40 per cent of the existing LME metals stocks are of Russian origin. For industry stakeholders, including both producers and consumers, the dominance of Russian-origin metal raises pertinent considerations with Russia's Rusal being a key competitor in the market, alongside geopolitical tensions stemming from the Ukraine-Russia crisis since 2022, there exists a discernible impact on decision-making within...
TAHA, a multi-discipline solutions provider offering innovative, environmentally-friendly, and cost-effective services, equipment and products to the aluminium and steel industry worldwide. Environmental considerations are becoming increasingly pertinent in “green” aluminium production making reducing or eliminating waste ever more so important. TAHA’s aluminium dross process is a radical innovation in its industry whose process consumes less energy and produces no toxic salt cake. This enables organizations to save valuable resources and reduce costs. TAHA anticipated their operations to provide a dross processing solution with a lower carbon footprint than the conventional TRF (Tilting Rotary Furnace) process. Fully convinced internally that the TAHA process had a considerably reduced...
PyroGenesis Canada Inc., a leading high-tech firm specialising in designing, developing, and commercialising advanced plasma processes and sustainable solutions to reduce greenhouse gas emissions, is excited to reveal the signing of a collaboration agreement (the "LOI") with Constellium. Constellium is one of the world's largest aluminium transformation and recycling companies. Together, the two entities will focus on developing cutting-edge plasma torches and associated processes designed as efficient heating sources for aluminium remelting furnaces. How does a plasma torch operate A plasma torch generates an intense electric arc that ionises the gas, forming superheated plasma. This plasma, characterised by temperatures exceeding those of traditional methods, promises a faster, more...
According to the US Census Bureau survey, the United States aluminium plates, sheets and bars imports in January 2024 jumped close to the previous year’s level, reaching 98,400 tonnes. Last year, the United States aluminium plates, sheets and bars imports were 99,400 tonnes. However, from February 2023, the United States imports started dwindling, standing at 72,900 tonnes in the said month. Intermittently, the import volume grew but stood the lowest in April at 66,500 tonnes. On a month-on-month calculation, the United States aluminium plates, sheets and bars imports in January 2024 edged an increase of 12,500 tonnes or 14.55 per cent from 85,900 tonnes. Canada, China, and South Korea were the top three exporters of aluminium plates, sheets and bars to the United States. Canada exported...
