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 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...
During the week ending on February 2, 2024, base metals prices experienced a significant downturn on the London Metal Exchange (LME), with three-month aluminium futures dropping by 1.8 per cent to $2,233 per tonne, while nickel settled at $16,235 per tonne, marking a 3.3 per cent decrease. Throughout the week, spot market prices for primary aluminium ingots (P1020) experienced gains spurred by major primary players' price increases. In India, spot prices for aluminium ADC12 alloy ingots rose by INR 7,000 per tonne week-over-week to INR 197,000 per tonne, propelled by escalating local and imported tense scrap prices. Contrary to the global trend, prices in the Indian non-ferrous metals sector remained elevated. Both imported and domestic segments witnessed gains, according to evaluations...
The recent accident in Guinea with the fuel depot happened back in the middle of December, but the impact on bauxite deliveries to China has not yet come through. China recorded an increase in bauxite imports in January. The month saw about 12 million tonnes brought in, mainly from Guinea and Australia. The volume imported from Guinea rose compared to last year, with an increase of almost 180,000 tonnes compared to January 2023. However, the cargoes that arrived in China in January were shipped from Guinea in November or early December. We won't see the impact the accident had on the import statistics until the February numbers come in. We are not expecting or hearing of problems, even though there was an initial panic when the news came through. The market settled again fairly quickly....
On February 5, 2024, the Greece-based industrial conglomerate Mytilineos, focused on energy and metals, revealed that it secured a prospecting license from the Ghana Integrated Aluminium Development Corporation (GIADEC) to explore and extract bauxite deposits in the Ninayhin-Mpasaso region. The signing event, graced by Ghana's President Nana Akufo-Addo, occurred in Accra on January 26, 2024. Mytilineos emphasised the effectiveness of its Energy & Metals model and the positive synergies it brings. With a thorough grasp of Ghana's energy sector from numerous past projects, Mytilineos aims to replicate this successful model in Ghana. During the first 18 months of implementation, the company will conduct essential feasibility studies to verify reserves and establish mine operations. A...
On Monday, February 5, the China Nonferrous Metals Industry Association communicated that aluminium product export from China to the European Union, covered by the carbon border tariff, fell 30 per cent Y-o-Y in 2023. The Association showed that China exported 689,000 tonnes of aluminium products under the Carbon Border Adjustment Mechanism target in 2023. The European Union first imposed the carbon border mechanism in October 2023 to stop acquiring polluting foreign products that might hinder its green transition. While the European Union countries will not collect any carbon dioxide emission charges at the border until 2026, importers must report the greenhouse gas emissions of the imported products, including aluminium, cement, and steel. The types of aluminium products China exported...
Tesem leverages the unique qualities of aluminium to fulfil the durability and aesthetic standards set by luxury perfume and cosmetics brands. Collaborating with Constellium, the Spanish group aims to minimize the carbon footprint associated with its production of packaging components. Nevertheless, the exacting aesthetic demands of the luxury industry do not always align with the characteristics of recycled aluminium. A significant portion of the existing supply originates from lower-grade food packaging, posing challenges in directly applying high-end packaging components. Tesem has joined forces with Constellium, an aluminium supplier equipped with recycling capabilities in response to this challenge. In this collaborative effort, any aluminium scraps not utilized by Tesem are returned...
Societe Miniere de Boke (SMB), the leading bauxite producer and exporter in Guinea, announced plans to invest up to $1 billion over the next five years. On February 5, 2024, Frederic Bouzigues, the CEO of SMB, stated that the investment aims to enhance its river terminals and acquire vessels. This initiative seeks to bolster exports, which achieved a record high in 2023. On the sidelines of an African mining conference, the CEO stated, "We can expect to increase exports by 10 million (metric tons) a year, starting at the end of this year." The company achieved a remarkable milestone in the previous year by producing and exporting a record 48 million tonnes of bauxite ore. This significant contribution aided the West African nation Guinea, which is prominently ranked among the world's...
Shandong Development and Reform Commission recently released the list of key projects in 2024 focusing on green, low-carbon, and high-quality development in the region. A total of 3 projects were selected for the list, which included – high-end lightweight aluminium plate belt project of Shandong Nanshan Aluminum Co., LTD., the construction project of ultra-high molecular weight polyethylene new material with an annual output of 3,000 tons of Shandong Zhishang Technology Co., LTD. the first phase project of Longkou Nanshan LNG Receiving Station About the projects The first project is the high-end lightweight aluminium plate belt initiative by Shandong Nanshan Aluminum Co., Ltd. This project aims to leverage advanced production technology to enhance the supply capacity of crucial aluminium...
On Tuesday, February 6, China’s A00 aluminium ingot price hiked by RMB 40 per tonne to arrive at RMB 18,770 per tonne, with the average prices between RMB 18,750 per tonne and RMB 18,790 per tonne. The spot contract price may be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The domestic aluminium ingot prices have ascended in most of the provinces. To begin with, the price in Chongqing has added RMB 70 per tonne to settle at RMB 18,800 per tonne, followed by a growth of RMB 50 per tonne in Wuxi to halt at RMB 18,780 per tonne. As per the SMM data, the Gongyi, Shenyang and Tianjin prices have gained RMB 40 per tonne to clock at RMB 18,710 per tonne and RMB 18,820 per tonne. In Hangzhou, the domestic aluminium ingot price experienced the same price increase of...
LME aluminum opened at US$2,236.50 per tonne on Monday, with its high and low at US$2,236.50 per tonne and US$2,203 per tonne, respectively, before closing at US$2,204.5 per tonne, down 1.43 per cent. On Monday, February 5, LME aluminium cash bid price plunged by US$25.50 per tonne to reach US$2,183 per tonne, while LME aluminium official settlement price contracted by US$26 per tonne to settle at US$2,183.50 per tonne. The LME aluminium benchmark price marked the third consecutive day of downfall, bringing the price M-o-M down by US$32 per tonne from US$2,215.50 per tonne 3-month bid price and 3-month offer price descended by US$26.50 per tonne, standing at US$2,219 per tonne and US$2,219.50 per tonne, respectively. Both December 25 bid price and December 25 offer price shrank by US$30...
Sohar Aluminium (SA) held Oman’s first ‘Aluminium Recycling Forum 2024: Forging the future,’ under the patronage of His Excellency Dr Abdullah bin Ali Al Amri, Chairman of Environment Authority, at JW Mariott Hotel, Muscat. The Forum, which was supported by the Environment Authority, marked a platform bringing together key players in the Oman aluminium industry, metal recyclers, and academia to understand the current situation in the Sultanate of Oman for aluminium scrap and source opportunities for in-country recycling. This first-of-its-kind Forum featured several insightful presentations, discussions, and keynote speeches from industry pioneers such as Ms. Marlen Bertram, Director – Of scenarios and Forecasts, International Aluminium Institute and presentations by Dr. Majid Al Maharbi,...
To cope with the shifting operational paradigms of the aluminium industry, Chalco's Zhongrun Aluminium smelter embraced digital twin technology, a first-of-its-kind initiative. SAMI partnered with Bentley to address challenges in design, construction, and data integration. Shenyang Aluminium & Magnesium Engineering & Research Institute (SAMI) collaborated with Bentley Systems, utilising their integrated applications to develop a plant-wide digital twin for Zhongrun Aluminium smelter. This innovative approach significantly reduced modelling time and operational costs. SAMI and Bentley Collaboration - Challenges Faced The project faced tight timelines for design and construction, involving 52 sub-projects and 15 specialisations. SAMI addressed challenges in creating a comprehensive digital...
Alupro, the Aluminium Packaging Organisation, has just been announced as the latest sponsor for the upcoming Letsrecycle Communications Conference, scheduled at the Hallam Centre in London on February 7th. This conference serves as a gathering for waste management professionals from diverse local authorities across the UK, offering a forum to celebrate progress and share best practices in the industry. Tom Giddings, executive director of Alupro, said, “Letsrecycle Communications Conference is a key date in our calendar, and we’re pleased to be sponsoring this year’s event. The team is looking forward to meeting delegates and discussing the positive impact that our campaigns can deliver. We firmly believe that collaboration can drive measurable change. If you’re looking for proven...
The United States' aluminium plates, sheets and bars imports from January to November 2023 totalled 916,000 tonnes, experiencing a year-on-year fall of 33.14 per cent from 1.37 million tonnes, found the US Census Bureau data. In November, the United States imported 74,000 tonnes of aluminium plates, sheets and bars, down by 3,600 tonnes or 4.64 per cent from 77,600 tonnes in October 2023. On an annual basis, the imports plummeted by 41,000 tonnes or 35.65 per cent from 115,000 tonnes. It is to be noted in the above graph that November 2023 was another alternative month to have witnessed a fall in the United States' aluminium plates, sheets and bars imports. Post April 2023, the US imports of aluminium plates, sheets and bars experienced a downfall in every alternate month. In May, the...
In the inaugural month of 2024, aluminium prices exhibited a relatively flat trend across both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). This observed trend aligns with predictions made by industry experts and is corroborated by AL Circle's latest industry-focused report titled "Global Aluminium Industry Outlook 2024." The report forecasts that the first half of 2024 will resemble the dynamics of the preceding year, 2023, with a more optimistic outlook anticipated in the latter part of the year. Furthermore, the report highlights the pivotal role of the transportation sector as the primary driver of aluminium demand. It underscores the critical contribution of aluminium to the transportation industry, emphasising its significance in shaping the industry...
Renewable energy frontrunner Pacific Green has unveiled plans for a humungous 2.5 gigawatt-hour grid-scale battery energy park in Portland, strategically positioned near the Portland Aluminium smelter and the Portland Water Treatment Plant. This forward-thinking project aligns with Pacific Green's commitment to advancing sustainable energy solutions. Pacific Green is a leading force in renewable energy, spearheading innovative projects that redefine the energy landscape. With a vision focused on sustainability, the company consistently pioneers developments that contribute to a cleaner, greener future. Overview of the Portland Aluminium Smelter and the Portland Water Treatment Plant Situated in the heart of the industrial zone, the Portland Aluminium smelter stands as a symbol of the...
Canadian aluminium building products maker Longboard Architectural Products has achieved the International Organisation for Standardisation (ISO) 9001 and 14001 Certification, upholding the company’s commitment to maintaining high standards in both environmental and quality management systems for its building products. The company proudly asserts that its entire product line is fully recyclable, emphasising aluminium as one of the few materials on Earth that can support a circular economy. In addition to the recently obtained ISO certifications, Longboard highlights a collection of other third-party certifications and standards it has achieved, including specific ASTM and ULC standards. “Both ISO 9001 and 14001 certifications require rigorous assessments by third-party bodies, symbolizing...
AL Biz is a pioneering force in the global aluminium marketplace, intricately weaving connections between myriad buyers and sellers within the dynamic aluminium value chain. At the heart of their operations lies the essential task of seamlessly uniting customers and sellers through vibrant queries, effortlessly bridging the divide between showcased items and lucrative business opportunities. In the world of aluminium, where versatility is vital, AL Biz recognises the paramount importance of a diverse array of products to cater to the specific needs of consumers, ensuring the delivery of sought-after final products. The aluminium industry necessitates a diverse range of products to meet the specific requirements of consumers and deliver the final products they seek. From graphite...
