Aluminium prices gained 0.43 per cent as reduced Gulf production and low exchange inventories supported the market, while Chinese output and capacity restarts could limit further gains. Aluminium prices settled 0.43 per cent higher at INR 348.65 (USD 3.63) as tight physical supply conditions supported the market. Disruptions linked to the US-Iran tensions have affected aluminium availability from the Gulf region, with Gulf Cooperation Council (GCC) production falling 44 per cent year-on-year in July. Low exchange inventories have added to supply concerns. London Metal Exchange (LME) stocks remained near a 36-year low, while inventories on the Shanghai Futures Exchange (SHFE) declined 4.7 per cent from the previous week. However, expectations of improving supply have limited the market’s...
Leading Indian aluminium producer Vedanta has renewed its push to revive bauxite mining at Odisha’s Niyamgiri hills, about 13 years after the proposed project was shelved. With Niyamgiri hosting around 80 million tonnes of bauxite reserves, the renewed proposal brings the resource potential of the Kalahandi-Rayagada belt back into focus. Vedanta Chairman Anil Agarwal discussed reopening the Niyamgiri bauxite mining project with Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar on September 26. Agarwal mentioned that the discussion addressed employment opportunities for involved tribal communities. “Today it was discussed for reopening of Niyamgiri. The affected tribals should be given jobs,” Agarwal stated. The state government also indicated that steps would be taken towards the...
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China’s alumina spot price has skipped RMB 1 per tonne upwards, officially closing at RMB 2,913 per tonne. The alumina spot price in Shandong has levitated by RMB 10 per tonne, stopping at RMB 2,875 per tonne, while the alumina price in Shanxi has stepped up the graph by RMB 5 per tonne, closing at RMB 2,930 per tonne. If we consider the alumina spot price on July 24, which was RMB 2,849 per tonne, it can be seen that there is a Month-on-Month influx of RMB 64 per tonne or 2.25 per cent. But if we record the US$2,953 per tonne alumina price on August 24, 2022, calculations suggest there has been a Year-on-Year downfall of RMB 40 per tonne or 1.37 per cent. The Shanghai Metals Market on August 24 displayed a subtle drop in prices, with the SMM A00 aluminium ingot price closing at RMB...
LME aluminium opened at US$2,179 per tonne on Wednesday with its high and low at US$2,192.5 per tonne and US$2,171.5 per tonne respectively before closing at US$2,175 per tonne, a decrease of US$6 per tonne or 0.28 per cent from the previous trading day. On Wednesday, August 23, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$7.5 per tonne or 0.35 per cent to close at US$2,128.50 per tonne and US$2,129 per tonne. LME aluminium 3-month bid price and LME aluminium 3-month offer price also grew by US$6 per tonne or 0.27 per cent to settle at US$2,178 per tonne and US$2,180 per tonne. December 24 bid price and December 24 offer price went up by US$8 per tonne or 0.34 per cent to rest at US$2,343 per tonne and US$2,348 per tonne. LME aluminium opening...
Sbase, the state-owned firm managing the Buenos Aires Subte metro, has issued a tender for procuring 96 new air-conditioned electric trains on Line B, which runs from Leandro N Alem to Juan Manuel de Rosas. According to Sbase, the new fleet must be made of aluminium or stainless steel. It will have a CCTV, an audio-visual passenger information system, vandal-resistant LED lighting and longitudinal seating. The new fleet will replace Mitsubishi trains that are now, on average, 60 years old, increasing the share of air-conditioned trains on Line B from 45 per cent to 100 per cent. In addition to the Mitsubishi fleet, Line B is operated by CAF's more contemporary series 6000 trains. Line B is the busiest metro line in Buenos Aires, transporting 216,796 people daily. It is 11.8 km long and...
Runhua Aluminum is a high-tech private firm known for manufacturing aluminium alloy seamless tubes, cold-drawn rods, grinding bars, and industrial profiles has been successfully registered by AL CircleBiz. The firm is also known for producing heat dissipation profiles, further processing of aluminium alloy products, surface treatment, and aluminium alloy product sales. The headquarters of Runhua Aluminum (Group) Co., Ltd. is in Liaobu Town, Dongguan City, in the Pearl River Delta area. Their firm concentrates on developing and selling high-strength, high-precision, and high-surface-treatment goods. Their primary business is the aluminium alloy market, and they have developed many unique technologies in the long-term manufacturing and operating processes. The products offered by Runhua...
Reynaers Aluminium UK, a major manufacturer of aluminium doors, windows and façades, is spearheading the Façade Design and Engineering Awards as a headline sponsor for the second time. The Façade Design and Engineering Awards is scheduled for 8 November 2023 at the London Hilton Park on Park Lane. This event will be a successor to the Zak World of Facades London conference, which boasted a headcount of more than 1,000 façade experts from around the globe. These esteemed awards ceremonies are planned and conducted by the Chartered Institution of Building Services Engineering (CIBSE) and the Society of Façade Engineering (SFE) to signify the most commendable performance in façade designing and implementation. Reynaers has an international presence as an aluminium façade systems provider...
During the first half of this year, Chinalco Guangxi crossed its output plan, with production levels of bauxite and alumina surpassing the original estimation by 4.12 per cent and 2.32 per cent, respectively. Additionally, the accumulated net operating cash flow exceeded the budget by RMB 200 million, despite facing immense difficulties, such as high raw material prices. To achieve these goals, the Secretary of the Party Committee and General Manager of the Guangxi Branch, Huang Weiping, proposed that all units and employees adhere to the work requirements of "strict, early, fast, and good" and carry out their work in a pragmatic manner. Despite facing challenges such as rising electricity prices in the Southern Power Grid, a continued shortage of global natural gas sources, and rising...
Bangalore-based Ultraviolette Automotive has launched the new F77 Space Edition electric motorbike featuring aerospace-grade aluminium. Using aerospace-grade aluminium for some sections and body panels makes the Space Edition distinctive and more expensive than the standard motorbike. This limited edition e-bike of just 10 pieces has incorporated numerous fail-safe mechanisms for the battery and a 9-axis IMU that monitors roll, pitch and yaw, precisely like in an aircraft. For decades, the aerospace sector has pushed the frontiers of technology, and one of them is aluminium, which was initially used in aeroplanes many decades ago but has now become a cornerstone in the automobile industry. The aerospace sector uses higher grades of aluminium, known as 7075 alloys. It is stronger, lighter,...
Alcomet released its third sustainability report recently, mentioning all its green initiatives around the board. The new report encompasses the operations of 2021 and 2022, which upholds the aluminium extrusion company's prevailing standards of securing environmental, social and governance (ESG) values. Alcomet AD is a Bulgarian manufacturer of rolled and extruded aluminium products, operating for more than 40 years in the heavy metal industry. The company at this moment provides an extensive range of aluminium foils, sheets, strips and profiles, maintaining a total turnover of more than €266 million. The sustainability report spoke of the following points: The company is committed to ecological sustainability and minimising negative environmental impacts They will modernise purification...
In a significant milestone for sustainable manufacturing practices, Hindalco Industries Ltd's Kuppam Works has been awarded the ASI Performance Standard V2 (2017) Certification for its extrusions plant situated in the Chittoor district of Andhra Pradesh, India. The achievement marks Hindalco's second extrusions facility and the sixth within its portfolio to secure ASI certification. The Kuppam facility, known for its production of aluminium alloy extruded products, currently boasts an annual production capacity of 15,000 tonnes. The certification underscores the facility's commitment to environmental preservation, social responsibility, and strong governance, reinforcing its position as a responsible player in the global aluminium market. The recognition pertains to the facility's...
Australian manufacturer of cans from aluminium foils, Orora Beverage, has publicised the opening of its new $80 million multi-sized can production line. The company produces almost 1 billion beverage cans annually and has an engaging client base consisting of VB, Mount Franklin and Coke. It excels in manufacturing market-leading sustainable packaging solutions for the beverage industry, mainly glass bottles and aluminium cans. The new canning line was flagged off, sighting the emerging demand for the company's 200ml boutique-sized aluminium cans for soft drinks, kombucha and alcohol. The President, Simon Bromell, asserted: "The cans business has been growing strongly and hence the investments that we have made." "Some of that growth clearly comes from sustainability cues of cans relative...
PULSE+ Water is dedicated to offering high-quality, pure, and long-lasting hydration choices. They provide a variety of improved waters that have been infused with healthy ingredients and are packed in eco-friendly aluminium bottles. In this crowded bottle industry, they are setting a remarkable example by considering both the planet's well-being and the demand for endurable bottles. PULSE + Water's core values revolve around prioritizing water quality, promoting overall wellness, and contributing to environmental sustainability by minimizing plastic waste. The company's founders, who had vast expertise in the beverage sector, noticed a big market gap: the lack of a truly natural and healthful water source. This conclusion motivated them to look into a spring facility in Pennsylvania...
According to a recent report, Citigroup Inc., an American multinational investment bank and financial services corporation, has bought about $160 million worth of Russian aluminium, produced at Rusal, from the London Metal Exchange. Russian-origin stocks in LME-registered warehouses have been growing gradually this year as many global companies resorted to different countries for procuring aluminium for their needs. As per the latest update in July 2023, Russian aluminium represents over 80 per cent of LME warehouse inventories, an all-time high, marking the fourth month-on-month increase in the last five months. In January, Russian aluminium share in LME was 41 per cent, while that in February increased to 46 per cent, March 53 per cent, April 52 per cent, May 68 per cent, and June 80...
Salvalco, an ethical tech company supporting the aerosol industry, recently announced its collaboration with Rossmann, bringing to market a new Isana deodorant collection using Eco-Valve technology with Nitrogen propellant. The main plus point about the new deodorant range is the usage of 95 per cent recyclable aluminium for its packaging. “We are delighted to continue to support them in their corporate sustainability drive and their commitment to developing more sustainable aerosol solutions, healthier lifestyles and organic and vegan-based formulations,” said Peter Shaw, Managing Director, Salvalco. The container of the Isana deodorant is composed of recyclable aluminium, which not only promotes sustainability but also showcases the brand's commitment towards the environment. The...
Driven by the demand for sustainable aluminium products in the construction sector, Ozroll, an Australian manufacturer and distributor of premium home improvement products, has started using LocAl® Green lower carbon aluminium supplied by Capral for its Elipso louvres and plantation shutters. The objective is to practise environmental stewardship and set up a benchmark for sustainable manufacturing, as explained by Peter Bulka, Capral's Industrial Manager for Southeast Queensland. Ozroll is an eco-conscious company focused on minimising carbon emissions and fostering a greener planet. So, the company's switch to Capral's LocAl® Green lower carbon aluminium aligns well with their beliefs and disposition. Jack McDonald, General Manager of Ozroll Queensland, said: "Energy efficiency and...
On August 23, China’s A00 aluminium ingot price gained RMB 170 per tonne to close at RMB 18,860 per tonne, with the average prices expected to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The domestic aluminium ingot price has grown in all the provinces, with the highest in Wuxi, where it has surged by RMB 180 per tonne to settle at RMB 18,880 per tonne, followed by a hike of RMB 170 per tonne in Hangzhou and Linyi to reside at RMB 18,860 per tonne. On the same day, the price in Foshan has ascended by RMB 150 per tonne to clock at RMB 18,750 per tonne. As per the data shared by the Shanghai Metals Market (SMM), both Gongyi and Shenyang have experienced an increase of RMB 140 per tonne...
LME aluminium prices closed at US$2181 per tonne overnight, an increase of US$35.5 per tonne or 1.65 per cent. The London Metal Exchange on August 22 marked escalating aluminium prices, with the LME aluminium cash bid price and the LME aluminium official settlement price uniformly releasing US$53 per tonne or 2.56 per cent, officially closing at US$2,121 per tonne and US$2121.50 per tonne, respectively. If we consider the LME aluminium price on August 16, which was US$2,089 per tonne, it can be seen that there has been a Week-on-Week surge of US$32.50 per tonne or 1.55 per cent. China's aluminium ingots social inventory decreased, causing a 0.81 per cent increase in aluminium prices. However, London Metal Exchange registered a rise in inventories due to inflows of 38,725 metric tonnes...
As per the data laid out by International Aluminium Institute (IAI), it can be witnessed that China had a massive haul of 38,837,000 tonnes of primary aluminium in 2021, which grew by 1,593,000 tonnes over a year to reach 40,430,000 tonnes in 2023. In Q1 2022, the total primary aluminium production in China was 9,590,000 tonnes, and in Q1 2023, it was 10,019,000 tonnes, meaning there has been a growth of 429,000 tonnes. In June 2023, the total aluminium production in China was 3,377,000 tonnes, which escalated Month-on-Month by 93,000 tonnes to 3,470,000 tonnes in July 2023. In April 2023, the aluminium production in China stood at 3,364,000 tonnes, which increased by 106,000 tonnes on a Quarter-on-Quarter basis to reach 3,470,000 tonnes in July 2023. Considering the total collection in...
Rajesh Aluminium is renowned for its worldwide distribution of top-quality aluminium and related alloys. They cater to a broad spectrum of industries, ranging from aircraft and aerospace to defence, hi-tech, and machine shops, serving over 15,000 customers. AL CircleBiz is delighted to announce the inclusion of Rajesh Aluminium in the world's first B2B platform for trading aluminium products. Their warehouses, located in every corner of India and beyond, are well-stocked with up to 50 tonnes of aluminium extrusion raw material, such as aluminium rods, aluminium flat, and aluminium tube, throughout the Midwest. Rajesh Aluminium surpasses its competitors in terms of variety, with an extensive range of alloys in a multitude of stock sizes, enabling them to fulfil your order more efficiently...
