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 BMW Landshut light metal foundry uses solar-powered aluminium in addition to recycling waste metal that is recovered during the casting process. As per reports, the Landshut light metal foundry has been recertified by the impartial party for its sustainable use of aluminium, meeting the requirements of the Aluminium Stewardship Initiative (ASI), an international non-profit organisation backed by aluminium producers and processing businesses. The auditing criteria demand conformity with requirements for transparency, general management, corporate integrity, and proof of material stewardship, such as a thorough lifecycle analysis of the company's goods and a complete recycling strategy. In December 2019, the first certification that met the criteria for material stewardship was...
Three-month LME aluminium opened at US$2,370 per tonne on Tuesday and closed at US$2,372 per tonne, a decrease of US$4.5 per tonne or 0.19 per cent. On Tuesday, February 28, the LME aluminium cash bid price and LME aluminium official settlement price again decreased after an intermittent rise on the previous day . While the former dwindled by US$15 per tonne to US$2,298 per tonne, the latter slipped by US$14 per tonne to settle at US$2,300 per tonne. The 3-month bid price and 3-month offer price shrank by US$13 per tonne and US$14 per tonne, respectively, scoring at US$2,345 per tonne and US$2,346 per tonne. December 24 bid price and December 24 offer price shrivelled by US$27 per tonne to close at US$2,533 per tonne and US$2,538 per tonne as of February 28. LME aluminium opening stock...
On Wednesday, March 1, China's A00 aluminium ingot price has gained RMB 110 per tonne to settle at RMB 18,440 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices will likely range between RMB 18,420 per tonne and RMB 18,460 per tonne. The A00 aluminium ingot price has shown changes in some of the provinces of China. As per the data, the prices in Foshan and Gongyi have hiked by RMB 130 per tonne and RMB 100 per tonne to close at RMB 18,460 per tonne and RMB 18,360 per tonne. On the other hand, in provinces like Wuxi and Hangzhou, the prices have gone down by RMB 5 per tonne to come in at RMB 18,320 per tonne and RMB 18,340 per tonne. On the same day, the prices in Chongqing, Shenyang, Tianjin and...
According to the Shanghai Metals Market survey, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, totalled 1.268 million tonnes on Monday, February 27. Over the weekend, the inventories increased by 20,000 tonnes from 1.248 million tonnes, and over a week rose by 35,000 tonnes from 1.233 million tonnes. Since January 19, before the Chinese New Year Holiday, the country’s aluminium ingot inventories have accumulated 524,000 tonnes. The inventories have maintained an upward trend but slowed down the gravity as there have been production cuts in Yunnan province due to restrictions imposed on electricity consumption. However, SMM predicts primary aluminium inventories to remain at a high level in the near term. To know more about...
According to the U.S. Census Bureau survey, the United States domestic primary aluminium production in December 2022 grew by 2,000 tonnes or 3.23 per cent month-on-month, amounting to 64,000 tonnes. That brought the country's total output in the last quarter of the year to 190,000 tonnes, up by 4,000 tonnes or 2.15 per cent from 186,000 tonnes in the third quarter. However, on a year-on-year calculation, the United States' production of primary aluminium in December 2022 stood at 18.99 per cent less than 79,000 tonnes. In the second half of 2022, the United States' primary aluminium production was recorded at 376,000 tonnes, bringing the year's total amount of output to 861,000 tonnes versus 889,000 tonnes in 2021. That reflected a year-on-year decline of 3.15 per cent or 28,000 tonnes in...
The Aluminum Association, a trade association for the aluminum production, fabrication and recycling industries and their suppliers, has flagged a warning of the worldwide ripple effects due to the Russia-Ukrain geopolitical conflict. The association has assured the aluminium industry stands united in support of all kinds of efforts deemed by the US government and its allies to address the ongoing crisis. They have also persuaded their members to work closely to ensure compliance with the newly announced measures. Last week, the United States announced a fresh round of a 200 per cent import tariff on Russian aluminium to mark a year of the Ukraine-Russia conflict. This will increase the cost of aluminium originating in Russia to enter the US market. Russia, one of the leading producers of...
LME aluminium opened at US$2,344 per tonne on Monday and closed at US$2,376.5 per tonne, an increase of US$34.5 per tonne or 1.47 per cent. On Monday, February 27, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$8 per tonne or 0.34 per cent and US$7 per tonne or 0.30 per cent to close at US$2,313 and US$2,314 per tonne. 3-month bid price and 3-month offer price moved up by US$3 per tonne or 0.12 per cent and US$4 per tonne or 0.16 per cent to halt at US$2,358 per tonne and US$2,360 per tonne. December 24 bid price and December 24 offer price climbed up by US$2 per tonne or 0.07 per cent to reside at US$2,560 per tonne and US$2,565 per tonne. LME aluminium opening stock closed at 559375 tonnes. Live warrants and Cancelled warrants came in at...
The Singaporean-based Swiss multinational commodity trading company Trafigura is in the discussion stage to procure aluminium from the Russian aluminium giant Rusal, as reported by one of the globally renowned media houses. The company is highlighting its willingness to strike deals with Russian companies in the face of resistance from its biggest rival. Trafigura, founded in 1993, trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader, having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals. The report also reveals that Trafigura and Rusal are in talks for a term contract of about 150,000 tonnes of aluminium delivered-to-China basis. However, the above information has been unveiled following the...
In January 2023, Africa’s primary aluminium production amounted to 143,000 tonnes, continuing to increase by 3,000 tonnes or 2.14 per cent month-on-month, found the International Aluminium Institute survey. In December 2022, Africa produced 140,000 tonnes of primary aluminium, which was up by 11.11 per cent or 14,000 tonnes from 126,000 tonnes in November. On a year-on-year calculation, Africa’s primary aluminium output recorded a rise of 6,000 tonnes or 4.38 per cent from 137,000 tonnes. From January to December 2022, Africa churned out 1.620 million tonnes of primary aluminium, recording a rise of 1.89 per cent from 1.590 million tonnes a year ago. In January 2023, Africa’s aluminium output increased sequentially amid a drop in the world’s primary aluminium production. The latter...
According to our report from the MENA region, over $2 billion in industrial agreements were signed in Amman, the capital and the largest city of Jordan, at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, a regional initiative involving the UAE, Egypt, Jordan, and Bahrain. The UAE Ministry of Industry and Advanced Technologies, firms from the UAE, Egypt, Jordan, and Bahrain signed 12 agreements covering 9 industrial projects, including some vital industrial projects from the aluminium value chain. The aluminium sector-centric agreements reveal that the $550 million manufacturing project was announced as being launched by the UAE-based automaker M Glory Holding. Three electric vehicle (EV) facilities will be built as part of the...
On February 23, Century Aluminum declared its financial results ended December 31, 2022, revealing an increase in annual net sales by 87.45 per cent from US$2,212.50 million in FY21 to US$2,777.30 million in FY2022. But that during Q4 2022 stood down by 16.84 per cent at US$529.9 million versus US$637.2 million in Q4 FY21. Century’s annual net sales increased in FY22 despite the downfall in shipments by 14,956 tonnes Y-o-Y from 783,637 tonnes to 768,691 tonnes. In Q4, the shipments stood at 169,471 tonnes, down by 2.45 per cent from 173,725 tonnes. Thus, the rise in net sales could be attributed to inflation and the LME aluminum global price hike. But due to the plunge in the metal price towards the end of the year, Century’s net sales in Q4 recorded a fall. Century posted a higher net...
Rio Tinto has warned the world is struggling to build enough renewable energy to replace fossil fuels, and at the speed needed, to hit aggressive emissions targets, as the miner confronts the challenge of sourcing cleaner power for its Australian aluminium smelters. Rio Tinto is one of the most significant consumers of energy and heaviest carbon dioxide emitters on Australia's eastern seaboard due to its aluminium smelters and alumina refineries in New South Wales and Queensland. The Anglo-Australian miner has been sourcing its energy from hydropower in many of its assets globally, while its Boyne and Tomago operations in Australia operate by coal-based electrical grids, causing one of the substantial hindrances to Rio Tinto’s push to cut 50 per cent emissions by 2030. In 2022, the...
On Monday, February 27, China’s A00 aluminium ingot recorded a decline of RMB 150 per tonne to stand at RMB 18,330 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 to RMB 70 per tonne. On a W-o-W calculation, a plunge of RMB 360 per tonne was witnessed. The average prices as of today are estimated to range between RMB 18,310 per tonne and RMB 18,350 per tonne. The A00 aluminium ingot prices have experienced changes in all the major provinces. To begin with, the prices in Foshan and Chongqing have slipped by RMB 170 per tonne and RMB 160 per tonne to halt at RMB 18,330 per tonne and RMB 18,380 per tonne. On the same day in Shenyang, the price has dropped by RMB 150 per tonne to stand at RMB 18,330 per tonne. As per the SMM data, the prices in...
Three-month LME aluminium opened at US$2,389.50 per tonne last Friday and closed at US$2,642 per tonne, a decrease of US$47.50 per tonne or 1.99 per cent. On Friday, February 24, the LME aluminium benchmark price contracted significantly, marking the third consecutive fall. While the LME aluminium cash bid price nosedived by US$63 per tonne to close the week at US$2,305 per tonne, the LME aluminium official settlement price plummeted by US$61.50 per tonne to settle at US$2,307 per tonne. 3-month bid price and 3-month offer price also registered a sharp fall of US$52.50 per tonne and US$52 per tonne, respectively, to come in at US$2,355 per tonne and US$2,356 per tonne. December 24 bid price and December 24 offer price slipped by US$27 per tonne from the previous day to peg at US$2,558 per...
On February 24, 2023, the United States administration declared the imposition of a 200 per cent import tariff on aluminium and derivatives produced in Russia from March 10, 2023, in response to the ongoing Ukraine-Russia geopolitical, the world's largest economy retains towards compression of Russia's revenue. Also, starting on April 10, 2023, the White House would impose a 200 per cent duty on imports of "primary aluminium" produced in Russia. President Joe Biden said in a statement released by the White House, “In adopting the tariff adjustment ….I recognise that concerns about aluminium imports from Russia and their impact on our national security are shared by other countries. We need to work with our partners to ensure that the global market distortions caused by Russian aluminium...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Thursday, February 23, after several cuts since February 7, 2023. This week, the company has lifted its aluminium ingot price by INR 1,600 per tonne to INR 228,150-231,650 per tonne versus INR 226,550-230,050 per tonne on February 16. NALCO’s aluminium wire rod price has also seen an increase of INR 1,600 per tonne to INR 232,650-237,000 per tonne, following a cut a week ago to INR 231,050 -235,400 per tonne. Aluminium billets price stands at INR 232,600-235,250 per tonne, compared to INR 231,000-233,650 per tonne. NALCO links its alumiium ingot and aluminium products prices to the three month of futures of aluminium on the London Metal Exchange, which surged by...
This week started with the news of a fresh round of power restrictions implemented in China's Yunnan province. To stabilise the electrical supply, the Yunnan province of China directed the aluminium smelters in the area to adopt another round of output limitations. Since September, several of China's energy-intensive aluminium companies in Yunnan and neighbouring provinces have been operating their smelters at a reduced capacity. On the other hand, in a similar reference, Citi, an American multinational investment bank and financial services company, stated that with the reopening of the Chinese economy, the demand for aluminium is expected to increase and surpass iron-ore. As per the forecast, aluminium prices are expected to increase from 15 per cent to 30 per cent in the coming three...
The President of the United States of America, Joe Biden's administration, announced a new round of measures to mark the first anniversary of the Ukraine-Russia geopolitical crisis. The statement said, "The measures will significantly increase costs for aluminium smelted or cast in Russia to enter the US market." A few days ago, AlCircle reported that the US plans to impose a 200 per cent import tariff on Russian aluminium. The rounds of sanctions against Russia that were put in place due to the Russia-Ukraine geopolitical crisis largely spared metals. Russia is one of the leading producers of aluminium ex-China and contributes 6 per cent to global production. However, according to industry experts, this will have a minor impact on the global aluminium market. Russian aluminium, which...
