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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Aluminium Bahrain (Alba), one of the world's largest aluminium smelters ex-China, announced that the Power Station 5 (PS5) Block 4 Project is progressing per the schedule. Alba's Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated that the Power Station 5 (PS5) Block 4 Project is progressing without any problems. "Alba's Block 4 Project has started to take shape with the completion of early milestones as per schedule; thus, allowing us to prepare for the major activities on site. We look forward to safely delivering Block 4, a key Project under Alba's ESG Roadmap, on schedule and as planned by Q4 2024," said Shaikh Daij bin Salman bin Daij Al Khalifa. According to Alba, all civil foundation construction for the Block 4 Project's primary equipment was...
On Monday, March 27, China’s A00 aluminium ingot price has grown by RMB 80 per tonne to stand at RMB 18,400 per tonne. On a W-o-W calculation , a hike of RMB 160 was witnessed from RMB 18,240 per tonne recorded on Monday, March 20. Today, the average prices are expected to be between RMB 18, 380 per tonne and RMB 18,420 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 to RMB 40 per tonne. The prices in Foshan and Chongqing have expanded by RMB 100 per tonne and RMB 90 per tonne to settle at RMB 18,510 per tonne and RMB 18,540 per tonne. On the same day, prices in Wuxi and Hangzhou have increased by RMB 80 per tonne to score at RMB 18,395 per tonne and RMB 18,430 per tonne. In Linyi, the A00 aluminium ingot price has ascended by RMB 70 per tonne...
According to the Shanghai Metals Market, Malaysia, Thailand, Vietnam, South Korea, and Pakistan were the five top suppliers of unwrought aluminium alloy to China during January-February 2023. In the first two months of the year, China imported 168,900 tonnes of unwrought aluminium alloy, reflecting a year-on-year plunge of 39,500 or 18.9 per cent. As per the SMM data, Malaysia exported the highest amount of alloy to China, supplying 73,500 tonnes, followed by Thailand providing 15,500 tonnes. Malaysia accounted for 43.5 per cent of China’s total unwrought aluminium alloy imports, while that of Thailand accounted for 9.2 per cent. Vietnam, South Kore, and Pakistan exported 13,200 tonnes, 12,100 tonnes, and 5,600 tonnes, respectively, accounting for 7.8 per cent, 7.2 per cent and 3.3 per...
LME aluminium opened at US$2,329 per tonne last Friday, with its high and low at US$2,364.5 per tonne and US$2,312.5 per tonne respectively before closing at US$2,344 per tonne, an increase of US$17.5 per tonne or 0.75 per cent. On March 24, Friday, the LME aluminium cash bid price and the LME aluminium official settlement price refrained from any change remaining calm at US$2,264 per tonne and US$2,265 per tonne. The 3-month bid price and the 3-month offer price slipped by US$0.50 per tonne or 0.02 per cent, stopping at US$2,312 per tonne and US$2,313 per tonne, respectively. December 24 bid price and December 24 offer price halted at US$2,513 per tonne and US$2,518 per tonne with a drop of US$7 per tonne or 0.28 per cent. LME aluminium opening stock experienced a rapid loss of 6,225...
According to the Shanghai Metals Market, China's primary aluminium inventories have witnessed a considerable slump of 85,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 23, the inventories came in at 1,126,000 tonnes, which in comparison with the third Monday of this month, March 20, plummeted by 38,000 tonnes. The social aluminium inventories built up 85,000 tonnes Y-o-Y but have continuously fallen 143,000 tonnes from the highest recorded number in March. Lesser cargo arrivals in South China have directly resulted in major market drops. Though East China reported smooth warehouse outflows, stringent downstream demands primarily disrupted the trade sector in Gongyi and Henan. Last week, on March 16, the primary aluminium...
Norsk Hydro, the leading industrial company committed to a sustainable future, appointed Martine Rambøl Hagen as the new Head of Investor Relations, effective May 1, 2023. She will be in charge of communicating with investors and the financial markets on behalf of Hydro. Rambøl Hagen previously served as Investor Relations Manager for the firm. Since joining Hydro in 2015, she has held various positions in Aluminium Metal, including head of performance and control, controller, and analyst. She holds a master’s degree in Industrial Economics and Technology Management from the Norwegian University of Science and Technology. She will report to Pål Kildemo, the Executive Vice President and CFO. Rambøl Hagen succeeds Line Haugetraa, who will take on a position as Mergers and Acquisitions...
Vedanta Limited added INR 2,250 per tonne to its aluminium ingot and aluminium products prices on March 24 after two consecutive cuts last week. This week's hike brought the company’s aluminium ingot price to INR 215,750-246,250 per tonne versus INR 213,500-244,000 per tonne on March 18. Vedanta’s aluminium billet price stood at INR 224,750 per tonne on Friday, March 24, compared to INR 222,500 per tonne a week ago . Aluminium wire rod price settled at INR 223,250-230,750 per tonne in contrast to INR 221,000-228,500 per tonne last Saturday, March 18. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which climbed US$27.50 per tonne or per cent during March 20-23 per tonne from US$2,237.50 per tonne to...
As part of the United States administration's effort to exempt aluminium and steel exports from the carbon border levy (CBAM), a broader metal accord may be complicated by the allies imposing tariffs and retaliatory measures on each other's goods that could result in billions of dollars in tariffs and retaliatory measures. However, according to our source from North America, it's implausible that the EU will accord to the American request since the bloc's legislation has yet to permit this type of provision readily. Such a move would likely violate World Trade Organization (WTO) rules. After agreeing to temporarily suspend tariffs imposed by former President Donald Trump on national security grounds, the White House and the EU are working on a global agreement on sustainable aluminium and...
To assist the communities where it works, Rio Tinto upped its budget for spending on Australian suppliers to more than A$15.3 billion in 2022. Over 6,200 firms, comprising Australian-owned and run companies and locally owned and controlled offices of foreign corporations, shared an increase in the budget of over 9 per cent from the previous year. According to customs statistics, China imported 374,321 tonnes of unwrought aluminium and goods in the first two months of 2023 compared to 336,007 tonnes in the same time last year. These items included raw metal and unwrought, alloyed aluminium. According to the International Aluminium Institute, Africa's primary aluminium output in February 2023 was 130,000 tonnes, a decrease of 13,000 tonnes or 9.09 per cent month-over-month. Rio Tinto...
Hindalco Industries Limited has elevated its aluminium ingot and aluminium products prices on Friday, March 24, following a cut about a week earlier. With effect from March 24, the company has increased its aluminium ingot price by INR 2,000 per tonne to INR 214,750 per tonne. Last Saturday, March 18, the ingot price stood at INR 212,750, down by INR 1,250 per tonne from 214,000 per tonne on March 16. On March 24, Hindalco’s aluminium wire rod price has also experienced an increase of INR 2,000 per tonne, following a cut of INR 1,250 per tonne last week, which brought the price to INR 223,850 as of March 18. With the hike this week, the company’s wire rod price stands at INR 225,850 per tonne. Hindalco’s aluminium billets price is no exception but seen a rise of INR 2,000 per tonne to...
The Chicago Mercantile Exchange (CME) Group reported enthusiastic market participation in its aluminium futures contract at the beginning of 2023, with a record average daily volume of 3,161 contracts in February - 300 per cent more than the previous year. CME said that in the first two months of 2023, it recorded an average daily open interest of 2,549 contracts, up 711 per cent Y-o-Y in futures activity. Jin Chang, managing director and global head of metals with CME Group, said: “We are pleased to see that strong momentum in our aluminum markets has continued into 2023, and we look forward to helping more participants across the base metals supply chain manage their risk effectively.” “In addition to strong volume and open interest growth, we also saw a record 166 unique users in...
LME aluminium opened at US$2,291 per tonne on Thursday, with its high and low at US$2,345.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,326.5 per tonne, an increase of US$41.5 per tonne or 1.82 per cent. On Thursday, March 23, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$32.5 per tonne or 1.45 per cent and US$33 per tonne or 1.47 per cent to stand at US$2,264 per cent and US$2,265 per tonne. 3-month bid price and 3-month offer price increased by US$30.5 per tonne or 1.33 per cent and US$31 per tonne or 1.35 per cent to score at US$2,312.50 per tonne and US$2,313.50 per tonne. December 24 bid price and December 24 offer price ascended by US$23 per tonne to halt at US$2,520 per tonne and US$2,525 per tonne. LME...
A00 aluminium ingot price has augmented by RMB 170 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 24, Friday. The average prices are expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne, with spot contracts trading at discount prices of RMB 80 per tonne and RMB 40 per tonne. The SMM aluminium price has seen a sudden surge today, as was witnessed on March 15 when the price also stood at RMB 18,320 per tonne. The highest price boost was on March 7, with the price stuck at RMB 18,570 per tonne. The eight provinces in China all have experienced heightening prices today, with aluminium prices growing the most in Shenyang by RMB 200 per tonne to stop at RMB 18,370 per tonne. In Tianjin, the aluminium price has shot up by...
Axess Technologies, a wholly-owned subsidiary of Axess Group that provides engineering and material handling solutions to leading manufacturers, has won a contract to supply four service cranes to Hydro's Sunndal aluminium smelter in Norway. Axess Technologies is a leading supplier of lifting equipment and automation systems to various industrial companies. However, the supply of cranes to Hydro would increase efficiency and safety in the production process. The company has detailed that each crane has a 23-meter span, a 10-meter height of lift, a 20-tonne capacity, and an additional 5-ton auxiliary hoist. However, to lift 40 tonnes, the four cranes will work in pairs. The cranes are classified as having an M6/A6 duty grade. Hydro Sunndal stated that it is "convinced" that the new cranes...
According to the US Census Bureau survey, the United States' primary aluminium output started the year 2023 with a monthly restraint. Data shows the country's monthly aluminium production continued to stand at 64,000 tonnes in January, but the average daily output slightly dipped from 2,060 tonnes in December to 2,050 tonnes. On a year-on-year calculation, the United States' primary aluminium output in January 2023 recorded a downfall of 18,000 tonnes or 21.95 per cent from 82,000 tonnes. Daily average production slipped by 600 tonnes or 21.95 per cent over the year from 2,650 tonnes. Total aluminium recovered from scrap in the United States during January 2023 was 278,000 tonnes versus 266,000 tonnes in December 2022. Of the total recovery in January 2023, 162,000 tonnes of aluminium was...
According to the Shanghai Metals Market survey, China’s aluminium billet inventories again decreased week-on-week but at a lower rate as of Thursday, March 23, after the two former weeks of hikes. As per the SMM data, the inventories dipped by 1,500 tonnes from a week ago to amount to 167,900 tonnes. Last Thursday, March 16, the billet inventories climbed 6,000 tonnes W-o-W to peg at 169,400 tonnes. Stable aluminium production across China this week ensured smooth arrivals of stocks. Due to the widening price difference, more billets flowed to Foshan than Wuxi, resulting in a growing stock in Foshan and a decline in Wuxi. To know the current status of aluminium billet inventories across China in more details, refer to the chart below: According to SMM, aluminium billet inventories only...
In February 2023, Africa's primary aluminium production stood at 130,000 tonnes, reflecting a plunge of 13,000 tonnes or 9.09 per cent month-on-month, found the International Aluminium Institute. But in January, the output edged 3,000 tonnes or 2.10 per cent higher at 143,000 tonnes, compared to 140,000 tonnes in December 2022. On a year-on-year calculation, Africa's primary aluminium output registered an increase of 7,000 tonnes or 5.69 per cent from 123,000 tonnes. In the first two months of 2023, primary aluminium production in Africa totalled 273,000 tonnes, up by 13,000 tonnes or 5 per cent from 260,000 tonnes. IAI data also showed that despite the monthly plunge in Africa's primary aluminium output during February 2023, the average daily production stood restrained at 4,600 tonnes....
LME aluminium opened at US$2,275 per tonne on Wednesday, with its high and low at US$2,285 per tonne and US$2,261 per tonne respectively before closing at US$2,285 per tonne, an increase of US$15.5 per tonne or 0.68 per cent. On March 22, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price slipped by US$3 per tonne or 0.13 per cent to halt at US$2,231.50 per tonne and US$2,232 per tonne. The LME aluminium price has been on a fluctuating spree this month with no sudden spikes and the average prices ranging between US$2,366.50 per tonne and US$2,232 per tonne. The 3-month bid price dived down by US$2 per tonne or 0.09 per cent, stopping at US$2,282 per tonne, whereas the 3-month offer price dropped US$3.50 per tonne or 0.15 per cent, closing at...
