According to SMM statistics, changes in aluminium ingot and aluminium billet (collectively referred to as aluminium inventory) inventories at major consumption areas in China around the National Day holiday from 2020 to 2026 show overall destocking before the holiday, with the most concentrated inventory buildup during the holiday, followed by a pullback after the holiday. During the one-week National Day holiday period (September 30 to October 8) from 2020 to 2025, aluminium ingot, aluminium billet, and total aluminium inventories all accumulated, with aluminium ingot increases of 4-17.3 per cent, aluminium billet increases of 12.7-66 per cent, and total aluminium inventory increases of 6.9-21.2 per cent, with the aluminium billet buildup significantly larger than that of aluminium...
1. Macro perspective The US-Iran conflict entered its second week. After the escort coalition intervened, traffic through the Strait of Hormuz partially recovered, but war risk insurance rates remained elevated. Brent crude pulled back from a high of USD 101 to consolidate around USD 95, with energy cost support weakening from earlier levels but not yet fading. The US Fed delivered a 25bp rate hike at its September FOMC meeting, and the dot plot indicated one more hike may still occur this year. Chair Warsh struck a hawkish tone in his post-meeting remarks, and the US dollar index held at a 13-month high. Next week, attention turns to China's official PMI on September 30, as well as US PCE and non-farm payrolls data during the National Day holiday—with China's market closed for seven days...
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The State Intellectual Property Office has recently issued a notice declaring the identification of a brand new round of national intellectual property demonstration enterprises and advantageous enterprises for the year 2023. As per the review process conducted, Huajian Aluminium has been recognised as one of the "National Intellectual Property Advantageous Enterprises in 2023". This is a significant achievement for the company and is a testament to its commitment towards innovation and intellectual property protection. Moreover, it aims to fulfil the requirements of the "Notice of the State Intellectual Property Office on the demonstration work of building a strong intellectual property country in 2023 for enterprises" (the State Knowledge Office Hanyun Word (2023) No. 572) by enabling...
Creamer brand, International Delight, has launched its much-awaited Cold Foam Creamer in aluminium cans. The Cold Foam Creamer, expected to reach stores in January 2024, will introduce coffee lovers to an inventive new format that efficiently enriches coffee concoctions. Any hot or cold coffee rapidly transformed into a "foaming delicious" coffee shop drink with International Delight Cold Foam Creamer. Furthermore, #ColdFoam has over 321 million social media views, with #ColdFoamAtHome having over 40 million views on TikTok. Recognising that the new generation of coffee lovers is turning to social media for unique coffee creation ideas, International Delight developed its novel Cold Foam product, which is unique to the brand and to supermarket stores. "As a leader in coffee beverages,...
Lippert Components Manufacturing, a subsidiary of LCI Industries (Lippert), has entered into a strategic alliance with Euramax for Mobility, Europe's leading supplier of aluminium products for recreational vehicles (RVs). This new alliance will result in the formation of a joint venture called Amerimax for Mobility. Lippert and Euramax, with their extensive expertise spanning more than five decades, are collaborating to offer a comprehensive selection of custom aluminium sidewalls and panels to the recreational and transportation OEM markets. This partnership aims to deliver a diverse product catalogue featuring cutting-edge innovations and exceptional customer service, catering to the needs of the recreational vehicle and transportation OEM markets. The product lines of Amerimax will...
Amazon's $10-billion-plus Project Kuiper had seen the worst of its days when, on October 6, it was rumoured that after the successful launch of the two satellites, the cloud-computing firm had lost contact with one of them. This low-Earth orbit satellite installation would have created a direct turf with Jeff Bezos's business foil, Elon Musk, who has the Starlink constellation of internet satellites under SpaceX. The maiden journey and looming complications During a subsequent handoff to another station, only one vehicle checked in, which appeared to have been a major setback for the retail and cloud-computing giant. However, after piecing together the scraps of data they'd collected Amazon's satellite operations team discovered that the missing satellite was fine, and the information...
As the world ushers in a new year, AL Circle is set to make waves with its exclusive New Year offer for 2024. This limited-time promotion is designed to empower businesses with valuable industry insights and effective marketing solutions, setting the stage for a stellar year ahead. AL Circle's 2024 offer revolves around providing significant discounts based on the number of products availed: 20% discount on any single product 24% discount on any two products 30% discount on any three products AL Circle's diverse product range: Industry reports: Informed decision-making AL Circle offers comprehensive industry reports covering critical topics within the aluminium sector. These reports serve as a vital resource, enabling businesses to make well-informed decisions based on the latest industry...
The Xinshen Aluminium Technology lightweight phase II project commenced operations on December 8. The total investment for the completion and operation of the project amounts to approximately RMB 200 million. This includes implementing three intelligent production lines, which consist of high-efficiency and energy-saving constant speed forming units, a combined quenching system utilising wind and water mist, a rapid and precise gradient heating furnace, and other equipment. The existing production line and equipment have been upgraded. About Xinshen Aluminium China-based Xinshen Aluminium, established in 2008, is a technologically advanced company specialising in producing high-quality aluminium products. The company is dedicated to conducting independent research and developing novel...
ALAMAK stands as a prominent entity in the realm of metal and plastic recycling, committed to delivering sustainable resolutions for an eco-friendly tomorrow. Established on January 30, 2006, the company has consistently championed responsible waste management practices, actively participating in the circular economy. Director Mikhailov Evgeny Evgenievich, at the helm of ALAMAK's leadership, has played a pivotal role in elevating the company to a position of trust within the industry. With his expert guidance, the organization has expanded into a dependable ally for businesses seeking effective and environmentally conscious waste management solutions. ALAMAK specialises in recycling and supplying a diverse range of metal and plastic scraps, offering extensive products. Ranging from copper...
India's one of the leading brands in the domestic RO purifier market, Kent RO, has announced a recent company diversification. The RO maker is now going to venture into the premium cookware market. The company has specified that it would amalgamate stainless steel and aluminium to produce hard-anodised utensils. Building on the success of its Kuhl BLDC fans, Kent aims to bring innovation to the cookware market by strongly emphasising health and durability. The company is breaking away from traditional materials and introducing triply and hard-anodised cookware options that merge the advantages of both stainless steel and aluminium. This move is set to revolutionise the cookware industry and provide consumers with high-quality and long-lasting cooking options. Kent's Healthy Cookware...
Aluminium Stewardship Initiative has acknowledged Sumitomo Chemical Co., Ltd. against Performance Standard V3 (2022) and Chain of Custody (CoC) Standard V2 (2022) Certification for the production of chemical aluminium hydroxide, chemical alumina, high-purity alumina, and high-purity aluminium at its Ehime Works facility in Niihama City, Japan. Sumitomo’s aluminium is used in electrolytic capacitators foils, liquid crystal displays, and wiring for semiconductors. Its alumina is used in integrated circuit packages and automobile spark plugs, while its high-purity alumina is used in lithium-ion battery materials and ceramic components for semiconductor manufacturing equipment. The ASI Certification programme was developed through an extensive multi-stakeholder consultation process and is the...
Dallas-based Blackboxstocks Inc., which combines financial technology and social media to provide real-time proprietary analytics for stock and options traders, announced that it has officially agreed to acquire Evtec Aluminium Limited (Evtec). The acquisition is anticipated to be completed during the first quarter of 2024. Evtec provides exclusive essential components for the Electric Vehicle (EV), Hybrid, Performance, and Luxury OEM automotive markets. They supply these parts to brands such as JLR (formerly Jaguar Land Rover), Aston Martin, Ford, Bentley, and other automotive suppliers, including Dana, American Axle, and Cox Powertrain. About the acquisition Following the merger, Blackbox and Evtec Aluminium common shareholders will control 26.7 per cent and 73.3 per cent of the...
Step into the heart of the TMS Annual Meeting & Exhibition, the flagship event hosted by The Minerals, Metals & Materials Society (TMS), where scientists and engineers unite from across the globe. With a legacy spanning over 150 years, TMS continues its commitment to fostering connections among professionals, facilitating research exchange, encouraging collaborative ideation, and nurturing global networks. Prepare to be a part of the upcoming event, TMS 2024 Annual Meeting & Exhibition, and immerse yourself in a tradition that celebrates the synergy of scientific minds and engineering prowess. Come together with professionals from almost 70 nations at the gathering, which is recognised as the central hub for the global minerals, metals, and materials community. Click here to register....
Australia has announced the inclusion of aluminium in the Strategic Materials List to support the global shift towards a net-zero future. The Australian Aluminium Council (AAC) backed this move. With a press release, ABx Group also announced that its subsidiary ALCORE's main production choice, fluorine, has also been added to the list. The Australian Aluminium Council has appreciated the Government's recognition and stated that aluminium will continue to be an essential commodity in achieving a sustainable and low-carbon future. The recent inclusion of aluminium in the Strategic Materials List has brought Australia in line with its global counterparts, such as Canada, the USA, and Europe. These nations have all identified bauxite, the raw material for aluminium, and aluminium itself as...
Due to the ongoing persistent real estate crisis, a privately operated aluminium producer, Golden World Innovation Aluminium, located in Guangdong, the southern manufacturing hub of China, has compelled its employees to undergo a five-month leave with reduced salaries. This situation brings attention to the looming unemployment challenges for the world's second-largest economy, as reported by South China Morning Post, the Hong Kong-based English-language newspaper owned by Alibaba Group. In 2023, China's economy needed more expected results across various aspects despite implemented support measures, thereby dampening its prospects. The resultant weakness has exerted pressure on employment, a longstanding priority for China, the world's second-largest economy, to generate sufficient jobs...
LME aluminium opened at US$2240.5 per tonne yesterday, with its high and low at US$2286 per tonne and US$2233 per tonne, respectively, before closing at US$2282 per tonne, up 1.83 per cent. On Monday, December 18, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$17 per tonne or 0.77 per cent to clock at US$2,212.50 per tonne and US$2,213 per tonne. As per the London Metal Exchange (LME) data , 3-month bid price and 3-month offer price added US$13 per tonne or 0.57 per cent to settle at US$2,261.50 per tonne and US$2,262 per tonne. On the same day, both December 24 bid price and December 24 offer price added US$10 per tonne or 0.42 per cent to halt at US$2,373 per tonne and US$2,378 per tonne. LME aluminium opening stock came in at 504475 tonnes....
China’s averaged alumina spot price has jumped up by RMB 1 per tonne to close at RMB 2,998 per tonne, while the alumina price in Shanxi has levitated by RMB 5 per tonne to officially stop at RMB 3,010 per tonne. On November 20, the alumina spot price was exactly the same. The bauxite (6.0≤Al/Si＜7.0) price in Shanxi has increased by RMB 5 per tonne, resting at RMB 620 per tonne, while the bauxite (4.5≤Al/Si＜5.5) prices in Shanxi and Henan have escalated by RMB 10 per tonne to settle at RMB 515 per tonne and RMB 520 per tonne. The SMM aluminium price chart , on December 19, witnessed variable price changes, with the SMM A00 ingot price gaining RMB 40 per tonne to finally settle at RMB 18,940 per tonne. The average prices have circulated between RMB 18,920 per tonne and RMB 18,960 per tonne....
Qingxin Carbon has achieved recognition as a "high-tech enterprise" in the autonomous region and has been registered after passing the assessment on December 5 this year. It's worth noting that high-tech enterprises are widely recognized as the leading benchmark for evaluating a company's technological prowess in China. Their ability to showcase scientific research capabilities and achievements holds immense importance in driving technological innovation, elevating brand reputation, and increasing market and capital value for enterprises. Qingxin Carbon has emphasized independent innovation and focused on core technology development in recent years. The company is committed to promoting the green transformation of the industry. This year, the company submitted R&D projects to the...
KEZAD Group, one of the globe's largest operators of integrated and purpose-built economic zones, and Kings Aluminium Industries have jointly announced the commencement of construction for a premium aluminium manufacturing and recycling facility in KEZAD. Kings Aluminium Industries has invested a total of AED 750 million in this project, which aims to enhance the manufacturing and recycling capabilities of the region. The construction specification This facility, spanning 100,000 square metres of land leased from KEZAD Group for 50-year tenure, will be outfitted with modern equipment and technology and will source its raw material from Emirates Global Aluminium (EGA), one of KEZAD Group's anchor tenants in the metals sector. EGA operates the region's largest aluminium smelter in KEZAD....
Aughinish Alumina refinery, the largest refinery in Europe and the largest alumina facility operated by UC Rusal has reportedly reapplied for planning permission to expand its factory’s waste disposal area near the banks of the Shannon Estuary. Environmental group Futureproof Clare said it is steadfast in its opposition to the expansion proposal, claiming that it has no proper planning or sustainable vision. Initially, An Bórd Pleanála, an independent, statutory, quasi-judicial body, granted permission for the expansion last year. But later on, Futureproof Clare appealed to the High Court to challenge the consent. Aughinish Alumina’s first application for permission to expand the waste disposal area, which is used for stockpiling leftover bauxite residue, dates back to December 2021....
