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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The Industrial Demonstration Program, which is funded by President Biden's Bipartisan Infrastructure Law and Inflation Reduction Act, will concentrate on the industries with the highest emissions where decarbonization technologies will have the biggest impact, such as aluminium, cement and concrete, iron and steel, and other energy-intensive industrial processes. Focusing on the same, the Biden-Harris Administration through the U.S. Department of Energy (DOE) announced $6 billion in financing to speed up decarbonization initiatives in energy-intensive industries and provide American businesses with a competitive edge in the burgeoning global clean energy economy. To achieve the President's objective of a net-zero economy by 2050, widespread demonstration and deployment of decarbonization...
Following the announcement of $6 billion in funding to accelerate the decarbonisation projects in energy-intensive sectors, Charles Johnson, president and chief executive officer of the Aluminum Association, praised the Biden administration's pledge to assist in further decarbonisation of the aluminium industry. "The Aluminum Association applauds the Biden administration's commitment to support additional decarbonisation of aluminum and other energy-intensive manufacturing sectors. The North American aluminum industry is already among the lowest emitting regions in the world. Aluminum and aluminum products made here have significantly lower impact than similar products made in China, the Middle East and elsewhere. And the next generation of low carbon smelting technology is being...
Hydro is on the way to initiate a new development phase of its one-of-a-kind production technology -HalZero, a brand new process for primary aluminium production. With the Norwegian government's support, the company will invest in a test facility, hoping the technology will help deliver pilot production of zero-carbon primary aluminium by 2030. The total investment required for the project is approximately NOK 400 million, of which the Norwegian government, via state enterprise Enova, has granted NOK 141 million for the construction of a test facility. Hydro has been working on early phase development of the HalZero technology at Hydro's Technology Centre in Porsgrunn, Norway, for the past seven years. In the HalZero production process, only oxygen will emit instead of carbon dioxide. If...
LME aluminium fell sharply after opening at US$2,351 per tonne on Wednesday but then rallied and closed at US$2,362 per tonne, up US$12.5 per tonne or 0.53 per cent. On Wednesday, March 8, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$24 per tonne or 1.03 per cent to peg at US$2,288 per tonne and US$2,288.50 per tonne. 3-month bid price and 3-month offer price slipped by US$24 per tonne or 1.01 per cent to settle at US$2,335 per tonne and US$2,336 per tonne. December 24 bid price and December 24 offer price moved down by US$16 per tonne or 0.62 per cent to peg at US$2,552 per tonne and US$2,557 per tonne. LME aluminium opening stock came in at 554300 tonnes. Live warrants and Cancelled warrants scored at 442850 tonnes and 111450 tonnes. LME...
A00 aluminium ingot price has decreased by RMB 10 per tonne, officially closing at RMB 18,460 per tonne, as the Shanghai Metals Market recorded on March 9. The average prices are expected to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne. The eight Chinese provinces have witnessed a descending course in aluminium prices today, standing still only in Foshan at RMB 18,490 per tonne. Other than that, Gongyi, Chongqing, Tianjin and Linyi all have marked an RMB 30 per tonne drop in aluminium prices. The aluminium price in Gongyi stands at RMB 18,390 per tonne; in Chongqing, it is RMB 18,510 per tonne, whereas, in Tianjin and Linyi both, the aluminium prices have halted at RMB 18,490 per tonne....
Hindalco Industries Limited significantly reduced its aluminium ingot and aluminium products prices on Wednesday, March 7, in line with the LME aluminium price plunge over the past three days. The company has axed its aluminium ingot price by INR 6,000 per tonne or 2.67 per cent, with effect from March 7, bringing it to INR 218,750 per tonne. Hindalco’s aluminium wire rod price has also experienced a sharp cut of INR 6,000 per tonne from INR 235,850 per tonne on March 2 to INR 229,850 per tonne on March 7. The company’s aluminium billets price stands at INR 232,850 per tonne, down by 2.51 per cent from INR 238,850 per tonne about a week ago. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which shrank...
One of America’s noteworthy aluminium smelters, Constellium participated among the extremely specified group of industrial enterprises and labour bodies to communicate with senior-level associates in the Biden Administration during the previous week’s Roundtable Conference on Decarbonisation and Industrial Innovation. The sole purpose of the dialogue was to illustrate the prevailing efforts to control greenhouse gas emissions and merely form alliances with responsible parties so that a proper protocol is maintained. The CEO of Constellium, Jean-Marc Germain, seemed to be in favour of the Inflation Reduction Act and the Bipartisan Infrastructure Law propagated during the conference. But on the other hand, he gave counsel to the Biden Administration that is equally essential to encourage...
A00 aluminium ingot price in China has again lost RMB 100 per tonne, which it gained the earlier day, according to the Shanghai Metals Market survey. Therefore, as of March 8, the price has returned to RMB 18,470 per tonne, with average prices estimated to range between RMB 18,450 per tonne and RMB 18,490 per tonne. The spot contract will likely trade at a discount price of RMB 70-30 per tonne. Foshan has seen the highest decline of the day by RMB 110 per tonne to stand at RMB 18,490 per tonne, followed by the downfall of RMB 100 per tonne to peg at RMB 18,540 per tonne. In Wuxi and Hangzhou, the primary aluminium ingot price has dwindled by RMB 95 per tonne and RMB 85 per tonne to rest at RMB 18,470 per tonne and RMB 18,490 per tonne, while the price in Shenyang has decreased by RMB 80...
LME aluminium opened at US$2,385 per tonne on Tuesday and closed at US$2,347 per tonne, down US$35 per tonne or 1.47 per cent. On March 7, Tuesday, the LME aluminium cash bid price dropped down by US$9 per tonne or 0.39 per cent to stop at US$2,312 per tonne, and the LME aluminium official settlement price plunged by a similar ratio, at last settling at US$2,312.50 per tonne. Other than the second day of March, when the aluminium price suddenly skipped upwards by US$2.50 per tonne, it has been on a receding course since. The 3-month bid price and the 3-month offer price have both decreased by US$8 per tonne or 0.34 per cent, officially closing at US$2,359 per tonne and US$2,360 per tonne. December 24 bid price and December 24 offer price have halted at US$2,568 per tonne and US$2,573 per...
On March 7, 2023, according to our report from the MENA region, the state-owned Egyptian Aluminium Company (Egyptalum) is planning to invest nearly $34.5 million (1.05 billion Egyptian pounds) in projects in the next fiscal year starting on July 1, 2023. As per the data posted on Egypt's stock exchange and reported by our source from the region, the company is encouraged by a resurgence in profits and an anticipated leap in aluminium sales and net profits for the 2023–2024 fiscal year. It has also been reported that the company, which is the largest aluminium producer in Egypt and operates one of Africa's largest smelters, expects net earnings of nearly $114 million (3.5 billion pounds) in the fiscal year 2023-2024, far exceeding the anticipated profits of $34.7 million (1.6 billion) in...
The five-decade-old aluminium smelter, Aluminium Bahrain (Alba), functions excellently in operations, safety, environment, and socio-economic development and continues to be the world's largest aluminium smelter ex-China with a production of 1,600,111 tonnes in 2022, according to a recent rating released by Wood Mackenzie. Wood Mackenzie is a global research and consultancy group supplying data, written analysis, and consultancy advice to the energy, chemicals, renewables, metals, and mining industries. While commenting on Alba's ranking, the Alba'sChairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated: "Alba's journey of a thousand miles starts with a vision, and I take this opportunity to thank the Leadership of Bahrain and HRH Prince Salman bin Hamad Al...
The Aluminum Association announced its preliminary estimates for 2022 in the monthly Aluminum Situation report, stating that the aluminium demand in North America (U.S. and Canada) has recorded a 4.8 per cent year-over-year increase in demand. This exceeded the nation's projected 2.7 per cent Gross Domestic Product (GDP) growth in 2022. Although predictions show a rise year over year, the analysis predicts a downturn in demand for the second half of 2022. "Despite some headwinds and softer demand in the second half of the year, this latest data shows an industry built to last. Geopolitical disruptions, supply chain issues and inflationary pressures could continue to pose some challenges in 2023. However, with historic investment in U.S. aluminum manufacturing last year and continued...
Emirates Global Aluminium (EGA) has published its financial and operational results for 2022, reporting a record revenue of AED 34.6 billion ($9.4 billion), up by 36 per cent from AED 25.5 billion ($6.9 billion) in 2021. Net profit also grew significantly to stand the highest ever at AED 7.4 billion ($2.0 billion), up 34 per cent AED 5.5 billion ($1.5 billion) in 2021. Adjusted EBITDA mounted to AED 12.4 billion ($3.4 billion) - 37 per cent higher than AED 9.0 billion ($2.5 billion) in 2021, backed on the average realized LME price of $2,715 per tonne. Cash generated from operating activities was AED 12.7 billion ($3.4 billion), reflecting a 70 per cent surge from AED 7.5 billion ($2.0 billion) a year ago. The company’s revenue grew last year in line with a record sales volume of 2.72...
LME aluminium opened at US$2,398 per tonne on Monday and closed at US$2,389 per tonne, down US$16 per tonne or 0.67 per cent. On Monday, March 6, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$40 per tonne or 1.69 per cent to halt at US$2,321 per tonne and US$2,321.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,367 per tonne and US$2,368 per tonne, after recording a fall of US$36 per tonne or 1.49 per cent. December 24 bid price and December 24 offer price slipped by US$37 per tonne or 1.42 per cent and 1.41 per cent to peg at US$2,568 per tonne and US$2,573 per tonne. LME aluminium opening stock came in at 562325 tonnes. Live warrants and Cancelled warrants scored at 456125 tonnes and 106200 tonnes. LME aluminium...
A00 aluminium ingot price has seen RMB 100 per tonne augmentation, halting at RMB 18,570 per tonne, as the Shanghai Metals Market recorded on March 7. The average prices are expected to range between RMB 18,550 per tonne and RMB 18,590 per tonne, with spot contracts trading at discount prices of RMB 90 per tonne and RMB 50 per tonne. The provinces in China all have witnessed increasing aluminium ingot prices, with it rising the highest in Gongyi, Foshan and Chongqing by RMB 100 per tonne, stopping at RMB 18,490 per tonne, RMB 18,600 per tonne and RMB 18,640 per tonne. The aluminium price in Hangzhou has jumped up by RMB 95 per tonne, officially closing at RMB 18,575 per tonne. In Wuxi and Linyi, the aluminium prices have gained RMB 90 per tonne, halting at RMB 18,565 per tonne and RMB...
America's renowned aluminium smelter, Century Aluminium, supported President Biden's decision to levy a 200 per cent ancillary tariff on imported aluminium from Russia during last week's break. The President and CEO of Century Aluminium, Jesse Gary, clarified his preference with a supportive statement. The CEO could not refrain from praising the Biden administration openly in the press release adhering to the matter. "Thank you to the Biden Administration for inviting Century to the White House on this important occasion. As we have stated before, Century Aluminum fully supports the Biden administration's efforts to decarbonise industrial production through innovation," Gary spoke. He then went on to signify the utility of an independent, robust, plus domestic aluminium industry operating...
According to Marubeni Corp, a major Japanese integrated trading and investment business conglomerate, global aluminium producers have mutually agreed to propose $125-145 per tonne of premiums to Japanese buyers for the second quarter of 2023. The news came on March 6 after five sources directly involved in quarterly pricing talks said. Compared to the premiums agreed upon in the last quarter, proposed premiums for Q2 stand 45-71 per cent higher than $85 per tonne. If Japanese buyers accept the new offer, the premiums will mark the first increase in six quarters and the highest since October-December quarter in 2022. Global aluminium producers have offered such high premiums considering the possible demand hike from automakers. Japan is Asia's biggest importer of aluminium and the premiums...
Senior private sector executives and labour leaders were brought together by the White House on Friday, March 4, for a roundtable discussion on industrial innovation, decarbonization, and how America must take the initiative in expanding the world's clean energy economy. Eivind Kallevik, executive vice president, attended from Hydro. The debate was on how the new Inflation Reduction Act and Bipartisan Infrastructure Bill initiatives, including tax credits, grants, and loans, may speed up industrial decarbonization and strengthen American competitiveness while generating high-paying employment. "Hydro has made a significant investment in carbon capture company Verdox, a startup launched here in the United States from Massachusetts Institute of Technology (MIT), and we recently announced a...
