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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Century Aluminum Company, a leading player in the U.S. primary aluminium industry, has recently expressed its appreciation towards the U.S. Treasury Department for issuing interpretive guidance on Section 45X of the Inflation Reduction Act. This new guidance specifically focuses on the implications of the act for the U.S. primary aluminium industry. The announcement was made in Chicago on December 15, 2023, highlighting the company's positive reaction to the latest move by the federal government. This development is considered significant for the U.S. primary aluminium industry and is expected to have a positive impact on the sector. The sentiment of Century's CEO Century Aluminum's CEO, Jesse Gary, expressed the company's gratitude towards the Biden Administration for its unwavering...
Sas Aluminum Metal San. Tic. Inc. is a leading supplier of top-quality Aluminium Ingot, Pyramid Cone, and Hemisphere. The company has become a go-to source for raw material needs of industrial organizations in a wide range of sectors in Turkey and beyond. AL Biz feels euphoric to announce the inclusion of Sas Aluminum onto its online platform, showcasing 1700+ verified aluminium sellers from across the globe. To know more about the company's aluminium products click here . With headquarters in Istanbul and production located in the Manisa Organized Industrial Zone, Sas Aluminum Metal San. Tic. Inc. is ideally situated to provide timely and efficient service to its customers. The company's commitment to high-quality production is evident in the raw materials it supplies domestically and...
The United States alumina imports in the first nine months of 2023, ending September 30, touched the 1 million tonnes level but marked a year-on-year downfall of 27 per cent from 1.37 million tonnes, according to the USGS data. The country’s alumina imports had been sluggish since the beginning of the year, amounting to 323,000 tonnes in Q1 2023 versus 445,000 tonnes in Q4 2022. Although in the two successive quarters, the imports grew Q-o-Q but remained range-bound and registered sharp downfalls compared to the previous year. For instance, in Q2 2023, the US alumina imports grew quarter-on-quarter by 2.8 per cent to 332,000 tonnes but stood 31.4 per cent lower Y-o-Y than 484,000 tonnes. In Q3 2023, witnessing a similar trend, the imports increased Q-o-Q by 3.92 per cent to 345,000 tonnes...
On December 15, last week, the LME aluminium live price chart, showed measurable surge in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price increasing by US$59.50 per tonne or 2.78 per cent and US$59 per tonne or2.76 per cent to officially close at US$2,195.50 per tonne and US$2,196 per tonne. It was displayed on the London Metal Exchange graph that the 3-month bid price and the 3-month offer price escalated by US$68.50 per tonne or 3.14 per cent and US$68 tonne or 3.12 per cent, halting at US$2,248.50 per tonne and US$2,249 per tonne, respectively. The December 24 bid price and the December 24 offer price soared by US$65 per tonne or 2.82 per cent, stopping at US$2,363 per tonne and US$2,368 per tonne. LME aluminium opening stock discarded 2,950...
Yemi Osinbajo, the former Vice President of Nigeria, the largest economy in Africa with a GDP of $477.38 billion, contends that by prioritising renewable energy resources, both Nigeria and the broader African continent could potentially slash energy expenses by 30 per cent and significantly decrease carbon emissions by 90 per cent. Yemi Osinbajo, serving as the global advisor for the Global Energy Alliance for People and Planet (GEAPP), emphasised key points during his address, aptly titled, “Climate Positive Growth: Africa as a Climate Action Partner for the UAE And the World,” at the New York University (NYU), Abu Dhabi Campus, UAE. The GEAPP stands as a global organisation dedicated to assisting the international community in achieving crucial climate objectives over the next decade....
According to the Shanghai Metals Market survey, A00 aluminium ingot price has increased over the weekend for the fifth day in a row by RMB 130 per tonne to reach RMB 18,900 per tonne on December 18. Thus, on a week-on-week basis, China’s primary aluminium ingot price has hiked by RMB 520 per tonne from RMB 18,380 per tonne, attributed to aluminium operating capacity drop, particularly in Yunnan, due to renewable power shortages. The average prices are estimated to range between RMB 18,880 per tonne and RMB 18,920 per tonne, with a spot contract to be traded at a premium price of RMB 10-50 per tonne. In Chongqing, A00 aluminium ingot price has surged by RMB 210 per tonne over the weekend to RMB 19,030 per tonne, followed by an increase of RMB 130 per tonne in Hangzhou to RMB 18,900 per...
Based on data provided by Baichuan Yingfu, the average tax-inclusive total cost of China's alumina industry in November 2023 was RMB 2685.91 per tonne. This is a drop of RMB 38.61 per tonne compared to October 2023, a month-on-month decline of 1.42 per cent and a year-on-year decline of 3.80 per cent. In November, the supply of domestically produced bauxite in China increased, contributing to the continued rise in price centre. Regarding ore imports, the market trade pattern primarily relies on implementing initial contracts, resulting in elevated prices. As for liquid alkali, the prices in the Chinese market initially declined, followed by a rise in November. However, the restricted price growth in the latter period resulted from the average performance of overall demand. Consequently,...
The recycled aluminium sector was incredibly active this week, with METYCLE raising $5 million to support its expansion plans to meet the rising demand for recycling raw materials. Eunomia Research & Consulting and Ball Corporation launched an updated version of their "50 States of Recycling" report that assesses common packaging materials in every state of the United States. CleanPak joined the UK Aerosol Recycling Initiative to increase aerosol recycling in the UK, and most importantly, ABx Group's subsidiary, ALCORE, successfully conducted three test runs under standard process conditions following the activation of its state-of-the-art bath pilot batch reactor. At the United Nations Climate Change Conference (COP28), aluminium and can industry unanimously agreed to the goal of...
Reynaers Aluminium UK has announced its sponsorship of the Manchester Society of Architects as part of its commitment to supporting architectural excellence in the North West. Reynaers' aluminium curtain walling systems are already in use on prominent buildings in the city. The company aims to raise awareness among developers and architects of its aluminium systems and bespoke services while providing guidance on the latest building regulations through this partnership. Reynaers' curtain walling systems have been implemented in notable projects across the Manchester skyline. One such example is the Great Marlborough Street development, a towering 37-storey building that is part of the 'Student Castle' initiative. To achieve this, Reynaers' ConceptWall 50 (CW 50) and Concept Wall 60 (CW...
Hindalco Industries announced plans to spend INR 800 crore in constructing a battery foil production plant in Sambalpur, Odisha, to enter the rapidly expanding electric car industry. Ball Aerospace was selected to lead a concept study for NASA's planned Chromospheric Magnetism Explorer (CMEx) mission. This mission is expected to provide new insights into how magnetism drives eruptive activity on and around the sun. On December 1st, the Aluminium City Hotel held the feasibility study review conference for Southwest Aluminum's super-large and high-performance aluminium alloy extrusion product line project. The expert panel analysed and evaluated the feasibility study report, and the project passed the expert demonstration assessment. Cosma Casting UK, an aluminium high-pressure vacuum die...
This week was the busiest time for the global aluminium industry. The United Nations Climate Change Conference, or COP28, was recently held. The conference saw a shift towards digital software, particularly in the aluminium industry and other sectors like oil and gas. Vedanta Aluminium, India's largest producer, is committed to providing sustainable and high-quality aluminium for a better future. The company is accelerating its efforts to achieve Net Zero by 2050 and is playing a significant role in helping economies decarbonize their value chains. GenHydro, a green technology company, started a pilot project to produce green hydrogen and clean energy from waste material. The energy produced will be supplied to BURLE Business Park in Lancaster. Aludium signed a long-term Power Purchase...
To address concerns about the San Ciprián complex, which includes an alumina refinery and an aluminium smelter, Alcoa Corporation organised a series of talks with key stakeholders. This week, officials from their Spanish operational companies will meet with representatives from national and regional authorities in Spain to address the complex's financial losses. One of the seven finalists in NASA's 2023 Breakthrough, Innovative, and Game-Changing Idea (BIG Idea) Challenge: Lunar Forge was a multidisciplinary team from Missouri S&T, a Rolla-based research institution. The Russian Aluminium Association warned the local sector about the negative consequences of Western sanctions, tariffs, and price decreases. Global aluminium prices dropped to their lowest level since March 2021, while the...
The Shenyang Aluminium and Magnesium Institute (SAMI) has successfully developed a cutting-edge process for treating fluorine-containing production wastewater and rainwater at the electrolytic aluminium plant. This remarkable achievement has led to SAMI's inclusion of their process in the Catalogue of Industrial Water-saving Processes, Technologies, and Equipment. The catalogue is an authoritative resource that promotes the adoption of sophisticated water-saving techniques, technologies, and equipment to improve industrial water efficiency drastically. The process can clean and reuse production wastewater and initial rainwater from businesses that use electrolytic aluminium, carbon, and other materials. It can also clean and reuse wastewater from different companies where suspended matter...
As per the USGS statistics, the First Half of 2023 marked a total import value of 1.195 million tonnes of crude and dried bauxite to the USA, which dropped by 13.4 per cent or 185,000 tonnes from 1.38 million tonnes estimated in the First Half of 2022. On the other hand, the export of crude and dried bauxite from the USA marked a rise of 1,398 tonnes or a massive 168 per cent, from 834 tonnes in the First Half of 2022 to 2,232 tonnes during the same period in 2023. If we take the third quarter of 2023 into account, we can calculate a Quarter-on-Quarter dip of 3.14 per cent or 21,000 tonnes in crude and dried bauxite imports to the USA from 669,000 tonnes registered in 2022 to 648,000 tonnes accumulated in Q3 2023. If we consider the exports from the USA, there has been a...
Hyundai Motor Company and Mubadala Investment Company, a global sovereign investor based in Abu Dhabi, have recently signed an MOU to collaboratively explore potential business opportunities. This partnership aims to merge the strengths of the two companies in order to develop innovative solutions and technologies that can drive progress and enhance the future of mobility. The President and CEO of Hyundai Motor Company, Jaehoon Chang, and the Deputy Group Chief Executive Officer of Mubadala Investment Company, Waleed Al Mokarrab Al Muhairi, came together to initiate a strategic collaboration at the signing ceremony held in Abu Dhabi. This partnership aims to catalyze advancements in future mobility and clean technologies, thereby contributing towards a sustainable future. This agreement...
Aluminium Stewardship Initiative has recently added a Middle Eastern aluminium rod manufacturing company to its Production and Transformation membership. According to an ASI report, the non-profit organisation has welcomed Oman Aluminium Processing Industries SPC (OAPIL) as a new Production and Transformation member. OAPIL is Oman’s leading aluminium rod and overhead line conductor manufacturer. It was established in 2008 as a joint venture between two prestigious business groups - Oman Cables Industry SAOG and Takamul Investments Co (SAOC). With incomparable and skilled international workforce, OAPIL is a vital organisation in the Sultanate’s Aluminium and Electrical Transmission sector. The company started its first commercial production in July 2010 and since then has been shaping the...
After multiple rounds of research, development and trial production, Qinghai Investment Guoxin Aluminium Company successfully manufactured high-performance, high zinc, and high copper aluminium alloy 7M55 cast rods on December 4th. 7M55 is a recently developed aluminium alloy brand that clients of the Guoxin Aluminium Industry have designated to fulfil specified performance criteria. It has extreme strength, superior toughness, and outstanding corrosion resistance, making it very promising in the market. The alloying degree of this material is very high, reaching 15 per cent, which is 5 per cent more than the alloying degree of the seven series ultra-hard aluminium alloy typically used in regular manufacturing. The high quantities of iron, copper, zinc, and zinc magnesium ratio pose...
According to the China customs data, China’s unwrought aluminium alloy imports in October 2023 were recorded at 108,900 tonnes, up 17.5 per cent M-o-M and 9.2 per cent Y-o-Y. From January to October 2023, total imports stood at 907,800 tonnes, reflecting a 15.9 per cent fall Y-o-Y. China’s export volume of unwrought aluminium alloy was 15,400 tonnes in October 2023, registering a year-on-year decline of 15.6 per cent and M-o-M fall of 45.1 per cent. The increase in China’s unwrought aluminium alloy imports in October was primarily due to the outstanding orders from August and September. Domestic aluminium prices kept increasing in September, reaching above RMB 19,000 per tonne, while overseas quotations remained stable at $2,240-2,270 per tonne, encouraging imports in the said month....
