Norsk Hydro signed an agreement with Sanvira Tech LLC to ensure a consistent supply of carbon anodes from Oman for its Norwegian aluminium smelters. The deal stipulates an initial offtake duration of 8 years and will include a maximum of 25 per cent of the total annual use of about 600,000 tonnes of carbon anodes by Hydro's Norwegian smelters. The anodes will be manufactured at Sanvira's upcoming anode facility in Oman, which is now being built. The plant is expected to be completed in the first quarter of 2025. BALCO, a subsidiary of Indian aluminium company Vedanta, incorporated Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) into their transportation operations, ensuring risk-free inter-plant movements. This AI technology will play a vital role in improving road safety measures, especially in the dynamic driving environment within the unit. The LME aluminium benchmark price has plunged by US$29.50 per tonne or 1.35 per cent over the week to close at US$2147.50 per tonne on December 1 from US$2,177 per tonne recorded on November 27. Similarly, the SHFE aluminium price marked a slump of US$27 per tonne or 1.02 per cent over the week to close at US$2,618 per tonne on Friday from US$2,645 per tonne on Monday.
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China with a production of more than 1.548 million tonnes per annum, has reportedly achieved a 4-star audit rating for health and safety practices at its smelter.
To know more: https://rb.gy/i0zhtt
UN Climate Change High-level Champion for Egypt, Mahmoud Mohieldin, has reportedly advised heavy industries and hard-to-abate sectors to acquire a financing scheme that would pull funds from Western donors to help them shift to cleaner power generation.
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The long-awaited bauxite, alumina and aluminium conference of India (IBAAS-JNARDDC 2023) will be inaugurated on December 4, 2023, in Nagpur.
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Cargo operations via the Maranhão public port are back in business! After a ten-year gap, the Porto do Itaqui in São Luís received the first batch of aluminium ingots from Australian mining firm South32 at the end of November.
To know more: https://rb.gy/kpiym4
Recently, Sohar Aluminium (SA) took part in the 25th edition of the Arab International Aluminium Conference and Exhibition (ARABAL 2023), which was held in Riyadh.
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The Shanxi Enterprise Federation and Shanxi Entrepreneur Association hosted the 2023 Shanxi Top 100 Enterprises Summit Forum in Taiyuan on November 21st. Shanxi Aluminium Industry was ranked 54 among the "Top 100 Enterprises in Shanxi Province" and 42 among the "Top 100 Manufacturing Enterprises in Shanxi Province."
To know more: https://shorturl.at/apsux
On Tuesday, November 28, Press Metal Aluminium Holdings published its third quarter fiscal report, showing a lag from the consensus forecasts. Nonetheless, market analysts have maintained their recommendations on the company, with expectations that aluminium prices will remain subdued.
To know more: https://shorturl.at/kuEMN
Since the beginning of this year, the aluminium and aluminium alloy industry chain in Tongchuan has always regarded project construction as a strong engine to promote high-quality transformation and development. As a result, the production of electrolytic aluminium in October, the primary commodity, reached 253,600 tonnes, representing a 0.5 per cent rise Y-o-Y.
To know more: https://shorturl.at/chiOP
According to a recent report, a global aluminium producer has offered Japanese buyers a shipment premium of $95 per tonne over the global benchmark price for the first quarter of 2024 (January 1-March 31). The news came on December 1 after three sources directly involved in quarterly pricing talks reported.
To know more: https://shorturl.at/ckmz6
Qinghai Qiaotou Aluminium & Electricity recently bagged a special fund subsidy from the Qinghai Provincial Department of Industry and Information Technology. The China-based manufacturer of aluminium ingots and other products was awarded RMB 2.23 million for its 40 sets of 240KA series electrolytic cell energy saving and blocking technology transformation project.
To know more: https://shorturl.at/fpE58
Norsk Hydro, one of the largest aluminium companies worldwide, has signed a significant agreement with Sanvira Tech LLC to ensure a consistent supply of carbon anodes from Oman for its Norwegian aluminium smelters. The deal stipulates initial offtake duration of 8 years, which may be extended if desired.
To know more: https://t.ly/xvY9m
A subsidiary of the Indian aluminium giant Vedanta, BALCO has integrated Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) throughout their transportation chain, making inter-plant operations risk-free.
Ton know more: https://t.ly/ZqRIa
On Friday, December 1, China’s A00 aluminium ingot price added RMB 30 per tonne to clock at RMB 18,660 per tonne. On M-o-M calculation, a plunge of RMB 480 per tonne was recorded from RMB 19,140 per tonne on November 1. Today, the average prices are expected to stand between RMB 18,640 per tonne and RMB 18,680 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne.
To know more: https://t.ly/mqndd
LME aluminium opened at US$2218.5 per tonne in the previous trading day, with its low and high at US$2187 per tonne and US$2219 per tonne, respectively, before closing at US$2194 per tonne, down 0.95 per cent.
To know more: https://t.ly/Bsi0W
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