Fire crews responded to a molten aluminium spill at Bridgnorth Aluminium on September 14 afternoon after the incident caused several small fires at the facility. Crews from Bridgnorth and Much Wenlock arrived shortly before 4 pm on September 14. The incident was recorded as a building fire, and operations officers also attended. Firefighters dealt with the fires caused by the molten aluminium spill. The incident also shows the role fire crews can play when such an incident occurs at a production facility. Molten aluminium is handled at very high temperatures, so a quick response is important when a spill leads to fire. Firefighters are trained to deal with these situations and can provide industries with support when an unexpected incident takes place. Prompt actions play a key role in...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,150 per tonne, up RMB 110 or 0.46 per cent from yesterday's settlement price. It opened at RMB 24,120 per tonne during the day and fluctuated in the range of RMB 24,075-24,195 per tonne. Prices traded below MA5 (24,205.00) and MA10 (24,312.50), and above MA30 (24,065.00) and MA60 (23,616.83). The short-term rebound structure has been partially repaired, while the consolidation pattern continues, with short-term moving averages above forming key resistance. The MACD DIF (123.0407) is below DEA (150.9039), and the MACD green bar stands at -55.7263, indicating bulls' momentum remains weak. The suggested core trading range for SHFE aluminium is RMB 23,800-24,600 per tonne. The LME aluminium 3M contract settled at USD 3,249...
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On Friday, December 31, China’s A00 aluminium ingot price has grown by RMB 90 per tonne to stand at RMB 18,670 per tonne, with the average prices standing between RMB 18,650 per tonne and RMB 18,690 per tonne. The spot contract price is expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The prices in Wuxi, Hangzhou and Tianjin have surged by RMB 100 per tonne to settle at RMB 18,665 per tonne, RMB 18,680 per tonne and RMB 18,650 per tonne. As per the data, the prices in Gongyi, Foshan and Chongqing have expanded by RMB 90 per tonne to reside at RMB 18,550 per tonne, RMB 18,800 per tonne and RMB 18,790 per tonne. In Shenyang and Linyi, the A00 aluminium ingot prices have also experienced the same price growth to peg at RMB 18,640 per tonne and RMB 18,700 per tonne. On...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further lost 38,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to stand at 1.09 million tonnes as of Thursday, March 30. But it is to be noted that the weekly decline slowed down from the drop of 85,000 tonnes in the week of March 20-26. The reason behind the back-to-back primary aluminium inventory fall is high aluminium prices, limited increase in downstream operations, and a lack of confidence for future orders, resulting in downstream buyers being cautious about buying. Output cuts by smelters and an increased share of molten aluminium threatening the production of ingots could extend the destocking of primary aluminium inventories till April. Compared to...
LME aluminium opened at US$2,380.5 per tonne on Thursday, with its high and low at US$2,400 per tonne and US$2,369.5 per tonne respectively before closing at US$2,386.5 per tonne, an increase of US$3.5 per tonne or 0.15 per cent. On March 30, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price slumped by US$22 per tonne or 0.93 per cent to close at US$2,343.50 per tonne and US$2,344 per tonne. The 3-month bid price dropped down by US$23.50 per tonne or 0.97 per cent, stopping at US$2,386 per tonne and the 3-month offer price plunged by US$22 per tonne or 0.91 per cent halting at US$2,388 per tonne. December 24 bid price and December 24 offer price halted at US$2,577 per tonne and US$2,582 per tonne with a decline of US$16 per tonne or 0.61 per cent....
The American University in Dubai is announced as a winner of EGA’s this year’s AI Robot competition. Al Robot is an annual competition hosted by EGA, challenging students from UAE universities and higher education institutions to design and make prototype industrial robots for use at EGA’s aluminium smelters. The winning team members from American University in Dubai were Mostafa Aboelnaga, Mohammad Rashwan, Mohammad AlHadi, Yassin Abdelmeguid and Bilal Serieh. This year, EGA hosted the fifth edition of competition, throwing a challenge to design and build a robot that can measure the thickness of materials within EGA’s reduction cells. This gave a chance to students to apply their academic knowledge in the field of robotics and automation and develop a practical solution for the...
LME aluminium opened at US$2,383 per tonne on Wednesday, with its high and low at US$2,423 per tonne and US$2,366.5 per tonne, respectively, before closing at US$2,380 per tonne, an increase of US$2.5 per tonne or 0.1 per cent. On Wednesday, March 29, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$51.5 per tonne or 2.22 per cent and US$51 per tonne or 2.20 per cent to halt at US$2,365.50 per tonne and US$2,366 per tonne. 3-month bid price and 3-month offer price escalated by US$49.5 per tonne or 2.09 per cent and US$49 per tonne or 2.07 per cent to halt at US$2,409.50 per tonne and US$2,410 per tonne. December 24 bid price and December 24 offer price came in at US$2,593 per tonne and US$2,598 per tonne after recording an expansion of US$40 per...
A00 aluminium ingot price has slumped by RMB 10 per tonne, officially closing at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on March 30, Thursday. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at discount prices of RMB 80 per tonne and RMB 40 per tonne. Throughout mid-March, China’s aluminium ingot price has been on a downward slope, resting at RMB 18,550 per tonne on March 3, which is the closest to the price recorded today. The eight provinces in China all have projected declining sentiments today, with the aluminium price falling highest in Tianjin by RMB 40 per tonne, officially closing at RMB 18,550 per tonne. The aluminium prices in Chongqing and Linyi have marked RMB 30 per tonne...
The surge in global aluminium output coincided with growing concerns that an economic slowdown would reduce demand for the metal. Europe's industrial economy suffered greatly due to the geopolitical-induced energy crisis. Fears of a recession were raised in the US due to inflation and rising interest rates. Furthermore, currency fluctuations have dented aluminium prices. The aggressive escalation of interest rates by the Federal Reserve to fight inflation has increased the US dollar’s worth relative to other currencies. An increase in the dollar's value impacted the price of aluminium for holders of other currencies because metals are labelled in US dollars on international markets. The challenging economic circumstances from 2022 have persisted into 2023, giving aluminium a gloomy...
The possibility that the United States and its allies would impose economic penalties against Russia's aluminium in response to the ongoing geopolitical issue with Ukraine was one of the biggest unpredictability in the global aluminium sector while driving into 2023. The Russian aluminium industry is vital to the country's defence industrial base. The United States and its allies imposed several economic sanctions on Russia following the geopolitical crisis that started a year back, but none eyed the aluminium sector. It's crucial to recall the incident of 2018 when the White House imposed sanctions on the Russian aluminium giant, Rusal, in response to Russian aggression, including meddling in United States elections. As an outcome, the US froze most of the company's exports, stunned the...
China, the world's largest aluminium producer, is again in a precarious position. In this instance, the primary cause is a problem with the nation's power supply in the southwest. Due to a severe water constraint, the Yunnan province , the centre of southern China's aluminium manufacturing industry, is restricting metal production. The availability of hydroelectric power in the region has also been affected by this deficit. However, industry analysts will determine how this will affect the price of aluminium worldwide. The region's hydroelectric energy-producing capability has considerably decreased, as our sources from China reported. As a result, the province authorities last month delivered a warning to Yunnan aluminium smelters, instructing the businesses to cut their power usage,...
China’s A00 aluminium ingot price has shown no change to close at RMB 18,590 per tonne, with the average prices between RMB 18,570 per tonne and RMB 18,610 per tonne. The spot contract is expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. As per the data, the A00 aluminium ingot prices in Gongyi and Hangzhou have decreased by RMB 20 per tonne to peg at RMB 18,470 per tonne and RMB 18,590 per tonne. In Tianjin, the prices have grown by RMB 20 per tonne to close at RMB 18,590 per tonne. The prices have not changed in the other provinces like Foshan, Wuxi, Chongqing, Shenyang and Linyi. Like in Foshan, the price has remained at RMB 18,710 per tonne, the same as yesterday. In Wuxi, the price remained restrained at RMB 18,585 per tonne; in Chongqing, it closed at RMB...
According to China Customs data, China exported 321,300 tonnes of the prebaked anode during January-February 2023. That reflected a year-on-year increase of 1.22 per cent. In January, China exported 189,900 tonnes, which decreased by 30.81 per cent to 131,400 tonnes the following month. Shandong ranked the highest among the Chinese provinces that exported prebaked anode in January and February, supplying 248,000 tonnes in two months. That accounted for 77 per cent of China’s total prebaked anode exports, and grew by 5.89 per cent year-on-year. Coming to the top destinations of China’s exports in the first two months of 2023, Malaysia, Russia and Canada were the top three. Exports to Malaysia were about 97,500 tonnes, accounting for 30 per cent of China’s total exports and up by 32.6 per...
LME aluminium prices finished the day at US$2,382.5 per tonne, a gain of US$17.5 per tonne or 0.74 per cent. On March 28, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price soared by US$17 per tonne or 0.74 per cent to close at US$2,314 per tonne and US$2,315 per tonne. The LME aluminium price is on an upward trend after a very long time in March. On March 2, the LME aluminium price recorded the highest bid at US$2,366.50 per tonne, while on March 7 the price came closest to what it was yesterday, pegging at US$2,312.50 per tonne. The 3-month bid price escalated by US$20 per tonne or 0.85 per cent, stopping at US$2,360 per tonne and the 3-month offer price went up by US$20.50 per tonne or 0.87 per cent halting at US$2,361 per tonne. December 24 bid...
The 18th edition of Aluminium China, one of the biggest aluminium trade fairs in the world and a leading indicator of the sector will take place in Shanghai in July. The event, dedicated to advancing the sustainable growth of the global aluminium industry, will bring together new goods, technologies, procedures, and applications from all facets of the aluminium value chain to enable the industry to move in that direction. This will open the door for fresh business opportunities and partnerships that will reshape the future of this important industry. Aluminium China 2023 will co-locate with Asia's Lightweight Automotive Trade Fair, Shanghai International Wheel Industry Exhibition, and Shanghai International Automotive Manufacturing Technology & Materials Exhibition at Shanghai New...
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union ministry has already corresponded with the Department of Investment and Public Asset Management (DIPAM) regarding the stake sale roadmap. The latest information floated by the media organisation on a digital platform says, “The mining ministry has now sought further advice from Dipam on the roadmap for the disinvestment of Balco, which has been in the works for some years. Upon finalizing this, the process of appointing transaction advisers and legal advisers may begin for the share sale plan of...
On March 27, 2023, Marubeni Corp. reported that aluminium stocks at three major Japanese ports, Yokohama, Nagoya and Osaka, dipped by 2.6 per cent to 382,400 tonnes at the end of February 2023 from 392,500 tonnes from January 2023. Japan's largest trading company, Marubeni Corp., has been functionalised for over 160 years. The Tokyo headquartered Marubeni continues expanding its businesses globally, with a presence in over 65 countries and 130 branches and offices worldwide. The data was collected by the Japanese trading giant Marubeni from the ports of Yokohama, Nagoya, and Osaka. It stood at 382,400 tonnes in February, 392,500 in January, and 294,600 in December 2022. The latest AlCircle industry-focused report, ‘Global Aluminium Industry Outlook 2023’ , unveils that the primary...
A00 aluminium ingot price has levitated by RMB 190 per tonne, officially closing at RMB 18,590 per tonne, as the Shanghai Metals Market recorded on March 28, Tuesday. The average prices are expected to range between RMB 18,570 per tonne and RMB 18,610 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne. The eight provinces in China all have witnessed escalating prices today, with the aluminium price rising the highest in Foshan by RMB 200 per tonne to rest at RMB 18,710 per tonne, followed by a spike of RMB 190 per tonne in Wuxi, Chongqing and Linyi. In Wuxi, the price has stopped at RMB 18,585 per tonne; in Chongqing, it has been pegged at RMB 18,730 per tonne; and in Linyi, the price has halted at RMB 18,640 per tonne. In Hangzhou, the...
LME aluminium opened at US$2,341 per tonne on Monday, with its high and low at US$2,372 per tonne and US$2,323 per tonne, respectively, before closing at US$2,365 per tonne, an increase of US$21 per tonne or 0.9 per cent. On Monday, March 27, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$33 per tonne or 1.45 per cent to halt at US$2,297 per tonne and US$2,298 per tonne. 3-month bid price and 3-month offer price grew by US$28 per tonne or 1.21 per cent and US$27.5 per tonne or 1.18 per cent to peg at US$2,340 per tonne and US$2,340.50 per tonne. December 24 bid price and December 24 offer price gained US$25 per tonne or 0.99 per cent to close at US$2,538 per tonne and US$2,543 per tonne. LME aluminium opening stock settled at 527875 tonnes....
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot have continued destocking over the weekend ending March 27, 2023. Data shows the inventories have decreased by 18,000 tonnes from Thursday, March 23, to total 1.11 million tonnes but stand 55,000 tonnes higher than the same period last year. High aluminium prices suppressed trades in the second half of last week, while traders were cautious about buying after the delivery of long-term orders, resulting in weekly shipments falling to 150,000 tonnes last week. To know the current status of primary aluminium inventories across China, refer to the chart below: In Nanhai, primary aluminium inventories have slumped by 9,000 tonnes over the weekend, totalling 248,000 tonnes as of March 27 versus 257,000...
