The London Metal Exchange (LME) aluminium price graph dropped further in the October 1 trading session, reporting major declines of 2 per cent and above across the pricing and contract segments. Stocks in the aluminium inventory remained stable for three consecutive days. The LME aluminium cash price dipped by 2.6 per cent from USD 3,203 per tonne to USD 3,119.5 per tonne. The offer price moved from USD 3,204 per tonne to USD 3,120 per tonne, representing a slightly higher 2.62 per cent plunge. 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 slumped from USD 3,208 per tonne to USD 3,130 per tonne, decreasing by 2.43 per cent. The offer...
China Steel Aluminum, a subsidiary of China Steel, will invest approximately TWD 1 billion (USD 32 million) to build a smart manufacturing plant in Kaohsiung, Taiwan. The investment was among two expansion applications approved by the Invest Taiwan Office on October 1, with a combined value of TWD 1.1 billion (USD 33 million). The new facility will be located in the Xiaogang District and focus on smart manufacturing and lower-carbon production. China Steel Aluminum, Taiwan’s largest manufacturer of aluminium rolled products, produces aluminium plates, sheets, coils and foil, as well as zinc alloy and hot-dip galvanised ingots. The investment supports the company’s shift toward high-end and low-carbon aluminium materials. The plant will integrate artificial intelligence (AI), the Internet...
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On May 16, the National Bureau of Statistics of China's data revealed that China's primary aluminium output in April 2023 declined by 1.2 per cent when analyzed with March 2023 due to an energy restriction policy in southwest China that restrained aluminium production. The National Bureau of Statistics reported that China produced 3.33 million tonnes of primary aluminium in April, down from 3.37 million tonnes in March but up 0.8 per cent from the same phase of the previous year. The National Bureau of Statistics is a deputy-cabinet-level agency under the China State Council. Established in August 1952, the bureau collects, investigates, researches and publishes statistics concerning the nation's economy, population and other aspects of society. Yunnan, China's fourth-largest aluminium...
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Aluminium Stewardship Initiative has reportedly certified Novelis Aluminium (Zhenjiang) Co., Ltd against Chain of Custody (CoC) Standard V2 (2022) Certification. Novelis has received recognition for its rolling facility in the Jingkou Industrial Zone, Jiangsu Province, China. Novelis Jiangsu facility receives ASI certification for the second time. In August 2022, it received ASI Performance Standard V2 Certification. The facility produces high-strength structural plate products for aerospace and commercial plate applications. The ASI CoC Standard V2 sets out requirements for the creation of a Chain of Custody for material that is produced and processed through the value chain into diverse downstream sectors. On receiving the new certification, Sachin Satpute, Executive Vice President and...
LME aluminium opened at US$2,300.50 per tonne on Thursday, with its low and high at US$2,264.5 per tonne and US$2,309 per tonne respectively before closing at US$2,282 per tonne, a drop of US$18 per tonne or 0.78 per cent. The LME aluminium price trends have been on a constant decline in the month of May with the highest recorded price on May 2 at US$2,353 per tonne and the lowest aluminium price marked on May 11 at US$2,229 per tonne. On May 18, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,310 per tonne and US$2,312 per tonne, with the former escalating by US$42 per tonne or 1.85 per cent, while the latter increased by US$43 per tonne or 1.89 per cent. The 3-month bid price halted at US$2,302 per tonne, with a spike of US$29...
The Australian-listed company with world-class bauxite and rare earth assets, Lindian Resources, has signed a supply agreement with a new cash-rich partner. The company has announced a new six-year arrangement with freight shipping firm C&D Logistics to provide 23 million wet metric tonnes of bauxite from its Gaoual plant in Guinea , West Africa. However, the supply agreement states that the two companies will negotiate annually to determine the price, quantity, product quality, payment terms, and delivery specifics over the six-year deal period, which begins in 2025. C&D Logistics' parent business, Xiamen C&D, has a healthy financial standing and is eager to hasten the construction of the Gaoual project. In the previous year, Xiamen recorded net assets of USD$23.77 billion and net...
According to the China customs data on May 18, China's aluminium imports, including unwrought aluminium and products, recorded a rise of 27.1 per cent year-on-year during April 2023, reaching 222,851 tonnes. A year ago, the import volume stood at 175,289 tonnes. On a month-on-month calculation, China's imports grew 11.14 per cent from 200,508 tonnes, found the customs data. In the first four months of 2023, China imported 797,602 tonnes of aluminium, up 12.6 per cent year-on-year. The consumption of aluminium for electric passenger vehicles increased in April, with a 54 per cent year-on-year jump in sales, while domestic output grew marginally by 0.8 per cent from a year earlier; hence, was the need for higher aluminium imports. The negligible rise in China's domestic aluminium production...
After recording back-to-back growth over the past few days, the A00 aluminium ingot price has dropped by RMB 60 per tonne on Friday, May 19, to reach RMB 18,540 per tonne. On a W-o-W calculation, a hike of RMB 650 per tonne was recorded from RMB 17,890 per tonne on May 12. As per the SMM data, the average prices are expected to range between RMB 18,520 per tonne and RMB 18,560 per tonne, with the spot contract price expected to be traded at a premium price of RMB 130 to RMB 170 per tonne. The global aluminium demand-supply gap has narrowed down as China's smelters have increased operations amid dismal production predictions in European Union markets. The A00 aluminium ingot price has witnessed a fall in all the provinces, except in Huzhou and Chongqing, where the prices have expanded by...
RATH has been providing advanced refractory solutions for aluminium melting furnaces for almost 40 years. Recently, they developed a solution for relining a hearth-type melting furnace at Aluminium GmbH Nachrodt (AGN) in Germany. The project was completed in just 21 days, including the removal and relining. A high-quality and long-lasting refractory lining is crucial for efficient melting plant operations. RATH has over 130 years of experience in refractory technology and offers a comprehensive range of refractory and thermal insulation products for the aluminium industry. They successfully completed the technically demanding relining project during the 2022 Christmas holidays, which involved rebuilding the burner technology of the top furnace. RATH used precast concrete components to...
Aluminium alloy ingot (ADC12) prices remained stable W-o-W at INR 199,000 per tonne exw Faridabad due to limited transactions in the market. However, although some vendors quoted higher rates, actual transactions were reported to be in the range of INR 198,000 per tonne-200,000 per tonne after accounting for different discounts and concessions. Following price cuts by key alloy ingot players, purchasers grew cautious and hesitant to book to avoid future losses. Aluminium futures on the London Metal Exchange remained range-bound, trading around US$2,270-US$2,280 per tonne. Stocks in LME-registered warehouses increased dramatically in an unexpected change of events, within a month, stock levels increased by 34,000 tonnes, reaching 562,450 tonnes. The rise in stockpiles has produced a large...
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR 4,500 per tonne, respectively, to INR 223,250 per tonne and INR 221,250-245,250 per tonne. Their aluminium wire rod and billet prices also experienced an increase of INR 3,000 per tonne and INR 4,500 per tonne, with effect from May 10, to stand at INR 235,250 per tonne and INR 229,750-237,250 per tonne. On May 11, Hindalco and Vedanta reduced their aluminium ingot price by INR 4,000 per tonne to INR 219,250 per tonne and INR 217,250-241,250 per tonne, respectively. The next day, they further...
The prices of imported aluminium scrap into India have decreased by $50-60 per tonne this week compared to the previous week. This is due to unimpressive London Metal Exchange futures prices. While prices have declined steadily, market sentiment remains uncertain due to highly volatile LME futures. Confusion prevails as no firm bids have been heard from buyers, making it challenging for participants to estimate the market trend. China's factories and businesses were not optimised as it was supposed to in April, and people did not spend as expected, although their expenditure increased compared to last year. Industrial production only grew by 5.6%, which is much lower than experts predicted. However, this is still an improvement from March's 3.9% growth. The three-month aluminium futures...
Aluminium is a 100% recyclable and sustainable metal in the industry. It is well known to us that recycling aluminium emits 95% less energy than producing it from raw materials. Regarding linkages, aluminium and its applications in the aircraft sector have a long history. The links extend back to the nineteenth century when Count Ferdinand Zeppelin used aluminium to make frames for his 'airships'. Aeroplanes are typically recycled at roughly 25-30 years of age when replacement becomes necessary due to metal fatigue. For decades, journeys by aeroplane have been considered one of the quickest and most technologically advanced options. Millions and thousands of people use aircraft for their travel every day. And just like other transportation, even aircraft undergoes a life-ending process,...
Alloy Enterprises, a metal additive manufacturing parts supplier, recently raised $26 million in a Series A funding round led by Piva Capital to boost the production of their aluminium parts. Other investors included Unless, Flybridge Capital, MassMutual Catalyst Fund, Robert Downey Jr.'s Footprint Coalition, Congruent Ventures, and Riot Ventures. The oversubscribed funding round brings Alloy Enterprise's total raised funding to $37 million. Alloy Enterprises was founded in early 2020 to bridge the demand for complex aluminium components and the supply within the United States. The company has developed a novel additive manufacturing system that is specially designed for aluminium but does not use aluminium powder. Using a combination of laser cutting and diffusion bonding, the company...
The increasing demand for lightweight vehicles has led to a significant growth of aluminium extrusions usage. The applications of aluminium extrusions know no bound in the transportation sector. From panels to engine blocks, roof rails to chassis of cars, aluminium extrusions are a part of the structural elements of lightweight vehicles. Also, owing to a high strength-to-weight ratio, aluminium extrusions are commonly used in lightweight vehicles. In addition, other key industries ramping up the consumption of aluminium extrusions include architecture & construction, electrical systems, and industrial. It is to be noted here that the building and construction sector is the major end-user of aluminium extrusions, followed by the transportation and industrial sector. World extrusion usage -...
Graphene Manufacturing Group (GMG) and Rio Tinto announced the signing of a definitive Joint Development Agreement (JDA) to speed up the development and implementation of GMG's Graphene Aluminium-Ion batteries in the mining and minerals sector. Rio Tinto will invest A$6 million in return for early access and meet specific technical and operational performance standards. The JDA expands upon the current relationship between GMG and Rio Tinto to investigate the feasibility of implementing GMG's Energy Saving and Energy Storage solutions. It will run for two years, with payments being made in instalments. The primary objective of the JDA is the joint development of a proof-of-concept battery pack/module based on GMG's Graphene Aluminium-Ion battery pouch cell. "We are excited to be...
The current aluminium price in China has halted at RMB 18,600 per tonne, with a stark increase of RMB 210 per tonne, as the Shanghai Metals Market reported on May 18, Thursday. The average aluminium price trends are between RMB 18,580 per tonne and RMB 18,620 per tonne. The premium prices have ranged around RMB 170 per tonne or RMB 130 per tonne. The eight provinces in China have marked augmenting prices today, with the highest recorded increment in Tianjin by RMB 200 per tonne, resting at RMB 18,580 per tonne. In Hangzhou, the aluminium price has soared RMB 190 per tonne, closing at RMB 18,620 per tonne, followed by RMB 185 per tonne spike in Wuxi, stopping at RMB 18,600 per tonne. In Chongqing, the aluminium price has heightened by RMB 180 per tonne to close at RMB 18,600 per tonne. The...
LME aluminium opened at US$2,261 per tonne on Wednesday, with its high and low at US$2,308 per tonne and US$2,258.5 per tonne, respectively, before closing at US$2,300 per tonne, an increase of US$35 per tonne or 1.55 per cent. On Wednesday, May 17, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$33 per tonne or 1,47 per cent and US$33.5 per tonne or 1.49 per cent to settle at US$2,268 per tonne and US$2,269 per tonne. 3-month bid price and 3-month offer price expanded by US$31.5 per tonne or 1.24 per cent and US$31 per tonne or 1.38 per cent to close at US$2,273 per tonne and US$2,273.50 per tonne. December 24 bid price and December 24 offer price grew by US$30 per tonne or 1.24 per cent and US$25 per tonne or 1.24 per cent to halt at US$2,440...
Boomerang is turning some heads with its vigorous participation in the quest to improve the world. Michael Jackson's 'Heal the World' plays in the background as the firm lays the foreground for a sustainable future with its 100% recyclable and reusable aluminium bottles. Boomerang Water ecstatically shares that it has been honoured with the prestigious 2023 SEAL Sustainability Award for Sustainable Innovation. Some other notable companies in the panel were Cisco, Disney, and Samsung, as well as high-growth start-ups like Flowspace and Reseat. The firm has also collaborated with the Town of Davidson in North Carolina to implement the Boomerang structure . Boomerang Water posted: "We are proud of our sustainable innovation efforts and commitment to reducing waste and minimizing our...
According to local media reports on Wednesday, Uniprom, a company in Montenegro, has closed down the last 12 electrolysis cells at KAP (Aluminium Plant Podgorica), ending aluminium production at the plant after 52 years. However, the facilities for aluminium logs and aluminium alloy production will continue to operate, importing the metal for manufacturing purposes. Sources reported that around 50 workers had been left unemployed due to the closure of the plant. Uniprom associates revealed: "The government illegally took emission credits from Uniprom and assigned them to EPCG, contrary to an EU directive. The European Energy Community has already started the procedure, and the damage is worth tens of millions of euros. After the EU report arrives, we will continue with further activities....
