The London Metal Exchange (LME) aluminium price graph continues to drop across the pricing and contract segments on the September 24 trading session, reporting declines over the September 23 close . The LME aluminium cash bid slumped from USD 3,239.5 per tonne to USD 3,227 per tonne, rising 0.39 per cent. The offer price moved from USD 3,240 per tonne to USD 3,228 per tonne, dropping by 0.37 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid contracted from USD 3,258 per tonne to USD 3,252 per tonne, decreasing by 0.18 per cent. The offer price plunged from USD 3,260 per tonne to USD 3,252.5 per tonne, representing a 0.23 per cent...
The transition towards lower-carbon manufacturing is changing how companies evaluate aluminium and copper. Beyond availability and technical performance, buyers are increasingly examining the emissions embedded in the metals they purchase and whether reducing that footprint justifies a higher price. While low-carbon aluminium has developed into an established premium market, low-carbon copper remains at a developing stage, raising the loaded question: How much are buyers willing to pay for lower-carbon metal? 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 Outlook ” Why aluminium is further ahead Aluminium has had more time to establish a market for...
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According to the International Aluminium Institute, North America’s primary aluminium production in December 2023 stood at 339,000 tonnes, bringing the output of the fourth quarter to 1.004 million tonnes, up by 2.03 per cent from 984,000 tonnes in Q3. On a year-on-year basis, primary aluminium production in North America during December 2023 edged an increase of 5.61 per cent from 321,000 tonnes, while the output in Q4 reflected a rise of 6.58 per cent from 942,000 tonnes. In the entire year, North America’s primary aluminium production totalled 3.9 million tonnes, up by 4.19 per cent from 3.743 million tonnes in 2022. This hike was primarily driven by the output during the second half of 2023, amounting to 1.988 million tonnes. Compared to 1.908 million tonnes H1 2023, the production in...
Chinese Premier Li Qiang has issued a decree from the State Council marking the introduction of regulations for trading carbon emissions. This announcement comes from an official statement by China's cabinet on February 4, 2024. Set to take effect on May 1, 2024, these regulations aim to lay down a legal structure for the national carbon emissions trading market, promoting its robust and enduring development. Adopting carbon emissions trading is a crucial policy instrument to mitigate the release of greenhouse gases like carbon dioxide, utilising market mechanisms. This initiative reflects China's dedication to reaching a peak in carbon emissions by 2030 and attaining carbon neutrality by 2060. The newly implemented regulations comprise 33 articles aimed at establishing a robust...
China-based Nanhai Aluminum Application Technology Group and three of its subsidiaries have been recognised as the 'National High Tech Enterprises' for 2023. Among these, subsidiaries of Nanhai Aluminum Application Technology Group, namely Guangdong Nanaluminum Construction Formwork Technology Co., Ltd., Guangdong Dingsheng Technology Co., Ltd., and Foshan Yuexin Ban Digital Labor Service Co., Ltd., have successfully attained the designation of "National High-tech Enterprise" following rigorous rounds of assessment. On January 25th, the Office of the Leading Group for the Recognition and Management of National High-tech Enterprises released a notification regarding registering the initial group of high-tech enterprises acknowledged and reported by certification institutions in Guangdong...
To mark a revolutionary day in battery making, Graphene Manufacturing Group Ltd (GMG) has announced achieving a crucial milestone in the development of its Graphene Aluminium-Ion Battery technology. The company proudly announced the successful production of multiple pouch cells, each boasting an impressive capacity exceeding 1000 mAh. GMG's cutting-edge Graphene aluminium ion battery technology demonstrates remarkable scalability, transitioning seamlessly from coin cells to pouch cells. This achievement underscores the technology's potential to revolutionise high-performance and sustainable energy solutions. GMG's journey towards this breakthrough began with the development of proprietary graphene aluminium-ion battery technology. The recent accomplishment showcases the company's...
The Indian market for imported aluminium scrap has experienced a recent price decline, attributed to a drop in futures despite constrained material availability. Prices across all grades of aluminium scrap have notably decreased by as much as $140 per tonne on a week-over-week basis. As per BigMint's assessment, tense scrap of Middle East origin, specifically from the UAE, has decreased by US$20 per tonne to US$1,700 per tonne. Meanwhile, scrap prices from the US have dropped by US$15 per tonne, currently standing at US$1,760 per tonne, w-o-w. Moreover, the bid-offer dynamics for specific scrap grades exhibit inconsistencies, introducing an element of uncertainty into the market; market participants are in a wait-and-watch mode, and sources are conveyed to BigMint. The three-month futures...
Constellium SE, a global leader in the manufacturing and recycling of aluminium products and solutions, and g.pivaudran, a designer and manufacturer of aluminium parts intended for packaging in the Beauty and Spirits sectors, have collaborated on a new packaging project for Chanel Fragrance & Beauty. As per the report, Constellium will provide recycled aluminium solutions to Chanel for the packaging of its new line of mascara, “Le Volume”, which will be designed and manufactured by luxury packaging specialist g.pivaudran. The mascara packaging will incorporate 10 to 20 per cent post-consumer recycled (PCR) metal, depending on the model. Constellium and luxury packaging specialist g.pivaudran have been in partnership for various projects since 2018. They worked together to ensure the...
The aftermath of Evergrande's collapse has sparked worries about China's property market, potentially leading to reduced demand for raw materials from the region's top metal producer and putting pressure on suppliers throughout the Asia-Pacific region. The Evergrande Group Evergrande Group, established in 1996, encompasses various sectors, including Evergrande Real Estate, Evergrande New Energy Auto, Evergrande Property Services, and Ocean Flower Island, offering its clientele a comprehensive range of premium services. With a portfolio spanning over 1,300 projects across more than 280 cities in China, Evergrande Real Estate Group is committed to crafting top-tier and economically feasible residential communities. Upholding the ethos of "dedicated service and genuine partnership" for over...
Alcoa Corporation's announcement to sell its closed Intalco Works aluminium smelter to Canadian energy company AltaGas Ltd. has sparked interest and speculation about the future of the sprawling complex near Ferndale. The smelter, once a primary aluminium producer, faced closure, and Blue Wolf Capital's attempt to produce "green" aluminium with hydropower fell through in 2022. Calgary-based AltaGas Ltd. is considering a totalitarian redevelopment of the site to produce "green" hydrogen, a fuel that the government is eager to subsidise for clean production processes. The company envisions a 100-metric-ton-per-day hydrogen production plant, marking a significant step in the green hydrogen landscape. Despite being in the early stages, AltaGas cites access to renewable power, industrial...
Crown Holdings, one of the world's largest aluminium can manufacturers, has disclosed its financial performance for the fourth quarter and full year ending on December 31, 2023. The company reported a net income of $450 million for the financial year 2023 (FY23), compared to $727 million in FY22, signifying a 61.5 per cent downfall. Q4 2023 results In the fourth quarter, net sales reached $2,858 million, a decrease from $3,012 million in the same period of 2022. This decline is attributed to higher beverage can volumes in America's Beverage and favourable foreign currency translation totalling $42 million. However, it was offset by a $145 million reduction in material costs and decreased volumes across most other businesses. Operating income for the quarter was $259 million, up from $229...
Egypt has greenlit substantial investments of nearly 2.9 billion Egyptian pounds ($94 million) in new metal industrial projects for the fiscal year 2023-2024. The initiative, spearheaded by the state-owned Metallurgical Industries Holding Company, aims to finance novel projects and augment production lines across affiliated entities. Egyptalum, the foremost aluminium producer in Egypt, stands at the forefront of this burgeoning development. Bolstering its commitment, the Metallurgical Industries Holding Company has allocated approximately $1 billion to amplify Egyptalum's aluminium production by an impressive 300,000 tonnes annually. Financial Triumphs: Egyptalum's stellar performance The financial landscape of Egyptalum reflects remarkable success in H1 FY2023-24. The net profits after...
LME aluminium opened at US$2,206 per tonne on Tuesday, with its low and high at US$2,203 per tonne and US$2,242 per tonne, respectively, before closing at US$2,229 per tonne, up 1.11 per cent. On Tuesday, February 6, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$1 per tonne or 0.04 per cent to settle at US$2,184 per tonne and US$2,184.50 per tonne. 3-month bid price and 3-month offer price moved up by US$1 per tonne or 0.04 per cent and US$1.5 per tonne or 0.06 per cent to halt at US$2,220 per tonne and US$2,221 per tonne. As per the London Metal Exchange (LME) price graph , December 25 bid price and December 25 offer price added US$5 per tonne or 0.20 per cent to clock at US$2,450 per tonne and US$2,455 per tonne. On the same day, LME...
On Tuesday, February 6, the Aluminium Stewardship Initiative announced that it issued a Provisional Performance Standard V2 certification to Zhengzhou Guandong Aluminum Industry Co. Ltd. for the production of aluminium sheet and coil at its Gongyi Guandong Metal Technology Co., Ltd. facility in Henan Province. The provisional certification is valid for one year, during which Zhengzhou Guandong Aluminum Industry can learn and improve sustainable practices and then seek full accreditation. The aluminium sheet and coil produced at Gongyi Guandong Metal Technology Co., Ltd. facility are primarily used in aviation technology, electronic appliances, transportation, architectural decoration, food packaging, and laser printing. The ASI Performance Standard V2 certification defines environmental,...
Today, on February 7, the SMM A00 aluminium ingot price has jumped up the graph by RMB 150 per tonne to close at RMB 18,920 per tonne, with the average prices ranging between RMB 18,900 per tonne and RMB 18,940 per tonne. If we consider the SMM A00 aluminium ingot price on January 31, there can be seen a Week-on-Week slump of RMB50 per tonne or 0.26 per cent from RMB 18,970 per tonne recorded that day. Comparison on an annual basis – Reasons behind range-bound aluminium prices On a Year-on-Year scale, we can see a decrease of RMB 80 per tonne or 0.42 per cent from the price marked on February 7, last year, which was RMB 19,000 per tonne. Inventories are at a seven-year low in China, and with stability in domestic consumption, the market is still facing an import shortage due to...
Iran's alumina powder production reached 170,952 tonnes in the initial nine months of the present Iranian calendar year (March 21-December 21, 2023), per data disclosed by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). In the previous Iranian calendar year of 1401, which concluded on March 20, 2023, the country's alumina powder production reached 225,942 tonnes. According to reports, this represents a two per cent decrease compared to the output recorded in the year 1400. Alumina, characterised by its inert, odourless, and white amorphous nature, is a crucial material in industrial ceramics. Its significance spans various industrial applications, including construction materials, fillers, abrasives, and catalysts. In industries such as plant...
In a disclosure on February 6, 2024, China's Henan Mingtai Aluminium Industrial reported the sale of 106,800 tonnes of aluminium plates along with foil in January. In the same month, the aluminium sheet manufacturer from China produced a total of 110,800 tonnes of the material. Established in 1997 within the industrial hub of Gongyi City, Henan Province, Henan Mingtai Aluminium Industrial Co., Ltd. emerged as a pioneering force in aluminium processing. In 2011, it made its mark on the Shanghai Stock Exchange, proudly bearing the stock code 601677. Renowned for its commitment to innovation, seamless integration of cutting-edge technology, and holistic service offerings, Mingtai is a premier private enterprise in the aluminium sector. Its diverse portfolio spans aluminium deep processing,...
ADDAM GmbH, a specialist in aluminium 3D printing, is reportedly forming a partnership with IMR metal powder technologies GmbH to innovate sustainable solutions for the additive manufacturing sector. This collaboration is expected to revolutionise the delivery of aluminium alloy powders in the additive manufacturing process, ensuring sustainability, process stability, material quality, and operator safety. The new novel delivery system will contain the aluminium alloy powders in a secure and controlled environment, reflecting ADDAM and IMR’s commitment to reducing environmental impact and enhancing operational safety. This partnership will benefit both the parties. While ADDAM will gain access to tailored materials delivered in eco-conscious packaging, aligned with its commitment to...
Hindalco Industries has acquired a 26 per cent stake in Ayana Renewable Power Four for INR 1.62 crore in its latest move towards bolstering its renewable energy portfolio. This strategic investment aims to ensure a sustainable energy supply for its smelter in Odisha, with plans to provide 100 MW of round-the-clock energy. As Hindalco solidifies its position as one of the foremost producers of primary aluminium in the nation, with manufacturing facilities spread across Uttar Pradesh, Madhya Pradesh, and Odisha, this acquisition marks a significant milestone. The transaction, completed in cash on Wednesday, now designates Ayana Renewable as an associate company of Hindalco Industries, per the disclosure made in an exchange filing. Ayana Renewable , headquartered in Bengaluru and established...
According to the Shanghai Metals Market survey, China’s domestic primary aluminium production welcomed the year in January 2024 (31 days) with a month-on-month restraint at 3.562 million tonnes, with the average daily output at 114,900 tonnes, the same as the previous month. On a year-on-year basis, China’s primary aluminium output recorded a 4.2 per cent growth from 3.42 million tonnes , as was predicted by SMM. While announcing the December 2023 output volume, SMM shared an estimate for January 2024 with a production of 3.56 million tonnes. In January, the operating rate of domestic aluminium processing enterprises declined slightly, and so did the output of aluminium billets and other products in the northwest, southwest and other regions. The aluminium liquid ratio in the industry...
