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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After being declared bankrupt, Alu Ibérica LC S.L., located in the Galicia region of Spain, arranged for a €1.2 million loan from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to fund new jobs for 303 of its ex-employees. On March 16, the European Commission joined in to support the initiation. This €1.2 million investment will aid the ex-Alu Ibérica workers to find new opportunities through enhanced vocational training, specific job profiling, expert guidelines and customised career paths. Spain promptly opted for the EGF funding to completely support the Alu Ibérica workers already abandoned by the company after it declared bankruptcy. Alu Ibérica excelled in producing primary aluminium from mined bauxite ore but had to shut down its operations owing to...
The US-based aluminium giant Alcoa announced it would close down its Intalco aluminium smelter after five decades of operations. With the closure announcement, the company begins preparing the site for new economic development opportunities. Roy Harvey, the President and CEO of Alcoa, said, “The Intalco smelter site operated for nearly 55 years, and we’ve spent significant time evaluating options for the asset, including a potential sale. Our analysis, however, indicates that the facility cannot be competitive long-term." Harvey added, “The site is an important part of our history. We are encouraged by the prospects for potential economic development via another entity that will own and control land at the site. As we transition, we will continue engaging with our stakeholders, including...
On Friday, March 17, Rusal announced a higher aluminium production in 2022, mitigating several challenges like Australia’s alumina export ban to Russia, suspension of alumina production at the Mykolaiv refinery, and inflated production cost due to energy and raw materials price hike. Rusal’s aluminium output in the full year stood at 3.835 million tonnes, up by 1.9 per cent from 3.764 million tonnes in 2021 amid a 31.8 per cent rise in production cost to US$2,190 per tonne versus US$1,661 per tonne last year. Thanks to the efficient management model, Rusal could rebuild raw material supplies and supply chains and successfully diversify sales channels, redirecting finished product flows to domestic and Asian markets. Thus, the company’s aluminium sales recorded no significant downfall but...
The Minister of the Public Enterprise Sector of Egypt, Mahmoud Esmat, appreciated the intensely cordial attitude of the UAE toward Egypt, referring to them as a pillar of globalisation. These strong words of friendship were exchanged in Cairo when the Minister entertained the CEO of Emirates Global Aluminium (EGA), Abdul Nasser bin Kalban; the Senior Vice President for Government Relations of EGA, Khaled Buhumaid and the Deputy Ambassador of Egypt in Cairo, Saleh Al Saadi. The meeting mainly aimed at discussing probable investment areas in the mineral and chemical industries by organisations under Egypt’s Ministry of Public Enterprise Sector. Egypt Aluminium Company and EGA were eager to chalk out plans of partnership endeavours they could pick up in the area, creating a new aluminium...
Three-month LME aluminium opened at US$2,283 per tonne and settled at US$2,280 per tonne, down 0.07 per cent. On Thursday, March 16, the LME aluminium cash bid price saw a further drop of US$8 per tonne or 0.36 per cent to stand at US$2,237 per tonne, and the LME aluminium official settlement price decreased by US$8.50 per tonne or 0.38 per cent to rest at US$2,237.50 per tonne. The 3-month bid price slipped by US$9 per tonne to settle at US$2,286 per tonne, and the 3-month offer price shrank by US$8.50 per tonne to close at US$2,287 per tonne. Meanwhile, December 24 bid price and December 24 offer price inched up by US$1 per tonne on March 16 to peg at US$2,508 per tonne and US$2,513 per tonne, respectively. LME aluminium opening stock continued to suffer a loss. As of March 16, the...
A00 aluminium ingot price has jumped up by RMB 10 per tonne, officially closing at RMB 18,150 per tonne, as the Shanghai Metals Market recorded on March 17. The average prices are expected to range between RMB 18,130 per tonne and RMB 18,170 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 augmenting prices today, with the aluminium price heightening the most in Tianjin by RMB 90 per tonne to settle at RMB 18,250 per tonne. In Foshan and Chongqing, the aluminium prices have swollen by RMB 60 per tonne, officially resting at RMB 18,300 per tonne and RMB 18,330 per tonne, respectively. The aluminium price in Shenyang has seen RMB 40 per tonne growth to stop at RMB 18,180 per tonne. In Linyi,...
Glencore Plc is prepared to back out of a $16 billion agreement to purchase aluminium from Rusal, Russia's top producer, to separate itself from one of its main competitors. As per Gary Nagle, CEO of Glencore, the firm won't extend a contract with Rusal International when it expires next year following its stance of refraining from conducting any new business with Russia. A month after Russia's invasion of Ukraine, the trading business instituted such a policy while upholding previous contracts. Suppose Glencore's main competitors are comfortable dealing with Russian metal that many customers are unwilling to purchase. In that case, the contract's expiration will present a once-in-a-lifetime chance for them to increase their influence in the global aluminium market. Suppose Rusal is...
The NZAS aluminium smelter at TIWAI Point is receiving heavy support from the Great South and Southland Business Chamber. They think it should remain in production because “the jobs and GDP it produces are significantly higher than the alternatives that have been suggested”. Suppose the smelter needs to be saved from an unprecedented closure in 2024. In that case, it is crucial to replace its usual power source with a hydrogen plant that can act as an alternative renewable energy joint for the complete optimisation of the plant. In the middle of 2021, it came into view that Meridian Energy and Contact Energy were indulging in a conglomeration to construct the globe’s largest green hydrogen plant in Southland. This was decided after a feasibility report unveiled that a green hydrogen plant...
The US International Trade Commission's (ITC) most recent report, which revealed that American businesses, not Chinese ones, incurred the majority of the costs associated with Section 232 tariffs on aluminium , prompted a response from the Beer Institute, the oldest national trade organisation that represents the beer industry. The World Trade Organization (WTO) ruled in December 2022 that international trade laws were broken when Section 232 tariffs on aluminium were imposed. This report by the ITC follows the WTO's decision. "Today's ITC report confirms what brewers have known since March of 2018: Section 232 tariffs on aluminum punish American job creators by increasing production costs, which ultimately trickle down to higher prices for consumers. These tariffs have cost the American...
LME aluminium opened at US$2,349 per tonne on Wednesday and sank to US$2,261 per tonne before closing at US$2,281 per tonne, down 3 per cent. On March 15, Wednesday, the LME aluminium cash bid price dropped by US$26 per tonne or 1.14 per cent to clock at US$2,245 per tonne, and the LME aluminium official settlement price also recorded a similar percentage slash, officially settling at US$2,246 per tonne. The 3-month bid price has plunged by US$25 per tonne or 1.08 per cent, stopping at US$2,295 per tonne, whereas the 3-month offer price has decreased by US$25.50 per tonne or 1.1 per cent, closing at US$2,295.50 per tonne. December 24 bid price and December 24 offer price halted at US$2,507 per tonne and US$2,512 per tonne yesterday, with a US$28 per tonne or 1.1 per cent fall. LME...
On Thursday, March 16, China’s A00 aluminium ingot price has contracted by RMB 180 per tonne to close at RMB 18,140 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average price is expected to range between RMB 18,120 per tonne and RMB 18,160 per tonne. The prices in Wuxi, Hangzhou, Shenyang and Linyi have fallen by RMB 180 per tonne to peg at RMB 18,130 per tonne, RMB 18,180 per tonne, RMB 18,140 per tonne and RMB 18,190 per tonne. As per the data, the price in Chongqing has slumped by RMB 170 per tonne to score at RMB 18,270 per tonne. In Foshan and Tianjin, the prices have slipped by RMB 160 per tonne to reside at RMB 18,240 per tonne and RMB 18,160 per tonne. In Gongyi, the A00 aluminium ingot price has decreased by...
The Slovenian aluminium producer Talum's decision to close down the primary aluminium production at its smelter will affect 189 workers. However, the company has announced that it will offer 69 workers new job contracts within the group, while 120 employees will be laid off. The group employs a total of 1,453 employees. On March 3, 3023, it was reported that the Slovenian aluminium company Talum will shut down its remaining aluminium electrolytic furnaces in April. Talum plans to shut down its remaining aluminium electrolytic furnaces in April after nearly six decades of producing primary aluminium. The Kidričevo-based company has recently switched to aluminium processing and other more lucrative activities.
The data from the National Bureau of Statistics (NBS) revealed that the primary aluminium output in China, the world's largest aluminium producer, increased to 6.74 million tonnes in January-February 2023 from 6.33 million tonnes in Jan-Feb 2022. According to official data released on Wednesday, China's aluminium production increased 7.5 per cent in the first two months of 2023 as the economy improved and demand expectations rose due to lifting strict COVID-19 controls, marking the greatest output for the two months since at least 2015. Several policy changes to support China's economy and real estate market, along with the lifting of COVID restrictions late last year, have raised expectations for a rise in domestic demand for aluminium used in packaging, transportation, and construction....
Alcoa Corporation announced that the Portland Aluminium smelter in the state of Victoria in Australia will begin to immediately reduce its overall production due to operational instability. Production at the smelter will be reduced to approximately 75 per cent of the site’s total consolidated capacity of 358,000 tonnes per year. Alcoa’s share of the total capacity is 197,000 tonnes per year. The smelter, which has a total of 408 pots, had previously been operating at about 95 per cent of its total capacity. The smelter has recently faced instability and challenges related to the production of rodded anodes, which are necessary to convey electricity into the smelting pots. “Our teams are focused on safely taking the production offline and working to restore stability across the facility,”...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary metal at INR 217,000-247,500 per tonne with effect from March 15. On March 14, the price stood at INR 212,500-243,000, dropping by INR 1,500 per tonne from the previous day. Vedanta's aluminium wire rod price has also been raised by INR 4,500 per tonne to INR 224,500-232,000 per tonne on March 15 after being cut by INR 1,500 per tonne to INR 220,000-227,500 per tonne on March 14. Aluminium billet price has come in at INR 226,000 per tonne, up by INR 4,500 per tonne or 2.03 per cent from INR...
A00 aluminium ingot price has ascended by RMB 40 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 15. 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 30 per tonne and RMB 10 per tonne. The eight major provinces in China have seen escalating aluminium ingot prices today, with it heightening the most in Foshan and Chongqing by RMB 50 per tonne, officially closing at RMB 18,400 per tonne and RMB 18,440 per tonne, respectively. In Hangzhou, Shenyang, Tianjin and Linyi, aluminium prices have soared by RMB 40 per tonne. The aluminium price in Hangzhou has stopped at RMB 18,360 per tonne. In Shenyang and Tianjin, the rates got stuck at RMB...
LME aluminium opened at US$2,321 per tonne on Tuesday and closed at US$2,352 per tonne, an increase of US$32 per tonne or 1.38 per cent. On Tuesday, March 14, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$35.5 per tonne or 1.58 per cent to close at US$2,271 per tonne and US$2,272 per tonne. 3-month bid price and 3-month offer price closed at US$2,320 per tonne and US$2,321 per tonne, recording a growth of US$34 per tonne or 1.48 per cent. December 24 bid price and December 24 offer price expanded by US$33 per tonne or 1.31 per cent to score at US$2,535 per tonne and US$2,540 per tonne. LME aluminium opening stock settled at 536450 tonnes. Live warrants and Cancelled warrants resided at 427075 tonnes and 109375 tonnes. LME aluminium 3-month...
On Monday, the Investment Information and Credit Rating Agency of India Limited (ICRA) stated that to accomplish the ambitious goal of a 25 per cent reduction in carbon emissions in the next five to seven years and attain net-zero status by 2050, domestic aluminium players will need to significantly enhance their renewable energy or low carbon-intensive power sources. Depending on the mix of renewable energy (RE) utilised, this might need sizeable capital investments of up to USD 5 billion by 2030 and USD 20 billion by 2050, according to an ICRA paper on the primary aluminium business. "Domestic aluminium manufacturers have the highest carbon intensity of nearly 17-20t CO2e/tonne of aluminium, owing to the significant use of coal in generating captive power," said ICRA. Organisations may...
