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 largest producer of aluminium alloy bars, Innovation New Material Technology, has announced intentions to spend USD197 million in a factory in Mexico. The Shandong province-based parent firm stated that Innovation New Material's Hong Kong subsidiaries, Drayton Management and Gloucester Management, would establish a project business in Mexico responsible for the new factory's investment, building, and management. The initiative will fully use the local automotive supply chain, boost customer satisfaction, and assist in expanding the business into a worldwide provider of lightweight aluminium alloy materials. The initiative, which is still in its early stages, would generate aluminium alloy materials for autos, according to the company, without providing any additional specifics....
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories have risen by 8 per cent to 529,775 tonnes, the highest since July 12. The increase in inventories suggests that there is a surplus of metal in the market. Additionally, investors are concerned about the weak demand for industrial metals in China, particularly in relation to the struggles in the property sector and weak factory activity. Meanwhile, aluminium output has been increasing in China, the world's top non-ferrous metal producer. In July, smelters in the southwestern province of Yunnan...
ZAK Aluminium Extrusion Expo is back with its 14th international trade fair on aluminium extrusion, technologies, applications and products. The four-day event from November 23 to November 26 will be held in Mumbai at the Bombay Exhibition Centre (NESCO). It will bring together industry experts from across the globe to showcase their growing products. With over 15 exhibiting countries, the expo will discuss aluminium and its use in the construction sector. The ZAK Aluminium Extrusions Expo is a large show that covers several facets of the aluminium extrusion business. This comprises extrusion-related equipment, materials, services, die design and manufacture, surface treatment, applications, and products. Manufacturers, merchants, and service providers may promote their goods and services...
State Power Investment Aluminum and Power Company has overall completed the first electrolytic aluminium industry in Ningxia, China, by collaborating with Fujian Company, Wuling Power, and Zhongwei New Energy Company. This involved two electrolytic aluminium units, Qingtongxia Branch and Ningdong Branch, resulting in a green power transaction with a volume of 9 million kWh. As a pioneer in green power trading in Ningxia, Aluminum Electricity Co., Ltd. took the initiative to procure green power from new energy companies for the two electrolytic aluminium companies. Several new energy companies were negotiated with during the process, but a cooperation agreement was eventually reached with Fujian Company, Wuling Electric Power, and Zhongwei New Energy Company. This green electricity...
Sandvik Coromant, a leading global provider of cutting tool solutions, is organizing an interactive educational event that focuses on boosting automotive aluminium machining techniques. The event, titled "Accelerating Into the Future of Aluminum Machining," is open to professionals in the automotive and related industries who work with aluminium. It is scheduled to take place on August 24, 2023, from 9:30 am to 2:30 pm (ET) at the Sandvik Coromant Center Mebane, located at 295 Maple Lane, Mebane, N.C. 27302. The automotive industry is currently grappling with significant challenges in a rapidly changing landscape, including the need to adapt to lighter materials, advancements in hybrid and electric cars, more efficient batteries, downsized combustion engines, and new technological...
Amid shifting market dynamics and a tempered macro outlook this year, Dongxing Aluminium has harnessed the power of proactive tactics. With its "three grasps and three promotions" strategy as a cornerstone, the company has focused on maximizing gains while minimizing costs. This dual-pronged approach, centred on elevated marketing efforts and streamlined procurement strategies, has yielded promising results, enhancing operational efficiency and profitability. Dongxing Aluminium's efforts exemplify a thriving synergy between smart procurement, strategic selling, and value-driven waste management, underscoring their commitment to elevating their financial prowess in a dynamic market landscape. The company's market analysis has guided its purchasing decisions, aligning them with price...
The smart software developer tailored for the manufacturing industry and beyond, AVEVA, invites you to participate in the electrifying event AVEVA World in San Francisco - designed specifically for the industrial community. The event this year will return to the Moscone West Convention Center in San Francisco, California, USA and is scheduled to take place on October 23-26, 2023. Unveiling the secrets of effective industrial software implementation, AVEVA World is your gateway to discovering both the tried-and-true and the cutting-edge in this ever-evolving landscape. Unlock the potential of AVEVA software to engineer with intelligence and elevate operational prowess within your organization. Delve into a realm where insights converge with innovation as esteemed customers, partners, and...
Chongqing Millison Technology, a Chinese firm specialising in R&D, manufacture, and selling of aluminium alloy precision die-casting components for the communication and automotive industries, joined the Aluminium Stewardship Initiative (ASI) . Chongqing Millison joined ASI as a new member of the Production and Transformation category. In the first half of 2023, the firm capitalised on the trend and announced several accomplishments. The company's performance improved and was successfully listed on the ChiNext Board of the Shenzhen Stock Exchange, solidifying its industry leadership. Yu Yajun, President of Millison Technology, said, "Chongqing Millison Technology Co., Ltd. voluntarily joins the Aluminum Industry Management Initiative Organization, fully implements the concept of green and...
The rapidly developing world of transportation is presenting new car designs, and fuel alternatives, together with technological improvement, and everything is becoming more feasible with the usage of aluminium. One of these developments is the new Vook E-trike. It is, as the name implies, an electric-powered tricycle built for adults to provide more enjoyment and comfort. The Vook E-trike is available in three trims, with rear hub motors rated at 3,000-6,000 watts nominal and a top speed of 40 mph. LCD display, keyless go, LED lighting, cameras, GPS, motion sensors, and cruise control are just a few of the amazing features. The four drive modes are Safe, Eco, Sport, and Boost. The app allows for remote operations like tracking and battery condition checks. The A 30-Ah Lite variant has a...
Vedanta Aluminium has recently announced that it has signed long-term power delivery agreements to obtain 1335 MW of renewable energy for its operations. The firm will use a combination of solar and wind energy to power its operations across Odisha and Chhattisgarh while reducing its greenhouse gas emissions. Through these agreements, the firm aims to cut around 3.2 million tonnes of CO2 per year. This is a significant step towards Vedanta's decarbonisation efforts. As part of the initiative launched in 2004 by the Ministry of New and Renewable Energy, Akshay Urja Diwas aims to promote the adoption of renewable energy sources through technological innovation and decentralised power production. The initiative focuses on the adoption of various kinds of renewable energy forms, including...
Qingtongxia Aluminium Industry Co., Ltd, a subsidiary owned by Ningxia Energy Aluminium Co., Ltd. and recognized as a prominent state-owned enterprise within China's Nonferrous Metals Industry, has officially commenced its operational activities. This milestone signifies the transformation of Qingtongxia Aluminium into the inaugural 5G-integrated smart factory within the domestic electrolytic aluminium sector. The factory's achievement establishes it as a pioneering exemplar for implementing intelligent manufacturing in the aluminium industry during the era of 5G technology. Additionally, it has set a precedent for the digitalized and smart evolution of the Qingtongxia Aluminium Industry, reflecting a novel trajectory for its growth. The construction of the Centralized Control Centre...
Hangzhou is gearing up to lead the charge in advancing premium alloy materials, with high-performance aluminium alloys taking the spotlight. A recent mandate from the General Office of the Hangzhou Municipal People's Government outlines steps to accelerate research, innovation, and industrialization in the new material industry. The directive aims to fast-track R&D, guide large-scale implementation, and elevate the new material sector's growth. Hangzhou's focus will be on pioneering high-end alloy materials, including high-performance aluminium alloys, specialized aluminium foils for power batteries, superalloys, and advanced magnetic materials like rare earth magnets. Additionally, the city aims to enhance semiconductor technology using better solder and welding materials. The directive...
LME aluminium opened at US$2,147 per tonne on Monday, with its high and low at US$2,150.5 per tonne and US$2,115 per tonne, respectively, before closing at US$2,145.5 per tonne, an increase of US$7 per tonne or 0.33 per cent from the previous trading day. On Monday, August 21, both LME aluminium cash bid price and LME official settlement price dropped by US$27.5 per tonne to settle at US$2,068 per tonne and US$2,068.50 per tonne. On the same day, both the 3-month bid price and 3-month offer price also dipped by US$15 per tonne or 0.70 per cent and US$48.5 per tonne or 2.23 per cent to halt at US$2,122 per tonne and US$2,123 per tonne. December 24 bid price and December 24 offer price lost US$12 per tonne or 0.52 per cent to rest at US$2,288 per tonne and US$2,293 per tonne. LME aluminium...
On August 22, the Shanghai Metals Market showed escalating prices, with the SMM A00 aluminium ingot price closing at RMB 18,690 per tonne, with an influx of RMB 90 per tonne. The average aluminium ingot prices have ranged between RMB 18,670 per tonne and RMB 18,710 per tonne. The eight central provinces in China have all witnessed heightening aluminium prices, with it increasing the most in Wuxi and Tianjin by RMB 100 per tonne, to rest at RMB 18,700 per tonne and RMB 18,690 per tonne, respectively. Next to record a measurable hike are Chongqing and Hangzhou, where the A00 aluminium ingot price has gone up the graph by RMB 90 per tonne to halt at RMB 18,670 per tonne and RMB 18,690 per tonne. In Shenyang, there was a noticeable surge of RMB 80 per tonne, with the price locked at RMB...
Aluminium, the wonder metal, has demonstrated its relevance in a variety of fields. Redmi, a subsidiary of Xiaomi, has released its tablet, Redmi Pad SE, for the first time in the European market. The Redmi Pad SE's rear plate is composed of aluminium alloy, which protects and supports the internal components while also adding to its overall design and aesthetics. The Redmi Pad SE is also most likely to be released in the Malaysian market since it was detected in the SIRIM database. Within such a short period of time, Redmi, a 10-year-old brand, has brought a new spectrum to humanity with its electronic gadgets. The Redmi Pad SE is the successor to the Xiaomi tablet released the previous year. However, the features of the Redmi Pad SE have been improved for the benefit of the consumers....
On August 17, CITIC Resources announced the signing of a new electricity hedging agreement (the “2026 EHA”) with Alcoa’s Portland Aluminium smelter in Australia. This new deal will be active from 1 July 2026 till 30 June 2035, supplying almost 300 MW of electricity to Portland Aluminium smelter. The previous agreement began on 1 August 2021 and will continue till 30 June 2026, as the officially released announcement by CITIC specified. The Portland Aluminium smelter is jointly run by the agencies listed below: Alcoa of Australia Limited (“Alcoa Australia”), which owns a 55% interest in the joint venture CITIC Nominees Pty Limited, a wholly-owned subsidiary of the company, owns a 22.5% interest in the joint venture Marubeni Aluminium Australia Pty Ltd., which owns the remaining 22.5%...
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited (CIL), awaits government approval to invest INR 34,072 crore in an integrated Greenfield aluminium project in Odisha. The project will have a 2 million tonnes alumina refinery, a 0.5 million tonne aluminium smelter, and a 1,400 megawatts captive power plant. For the integrated project, Mahanadi will acquire a bauxite block at Sijimali or Kutrumali in Odisha , mine six million tonnes of bauxite per annum, and produce aluminium ingots with value-added products. Mahanadi Coalfields plans to inject INR 10,222 crore as equity, considering the project's debt-equity mix of 70:30. Hence, it seeks exemption from the investment limit of 15 per cent of the project's net worth, as pre-determined by the Department of Public...
Montana Tech Components AG, established in 2006, with headquarters in Reinach, Switzerland, is the parent company of Montana Aerospace AG, VARTA AAG and Aluflexpack AG. Montana Aerospace, headquartered in Switzerland, has acquired quite a good name for its business in recent years. This counterpart of Montana Tech Components is an expert in creating structural aluminium parts for the aerospace industry. In early 2022, Montana Aerospace took over the existing operations of its rival components firm, Asco, located in Belgium. There was no looking back for the company after that, as the records show a whopping 123 per cent revenue influx for the year, which pushed Montana Aerospace to hold its place in the top 100 aircraft parts producers worldwide. Montana has a flourishing technological...
