LME aluminium prices advanced on October 30 , with cash and futures contracts recording gains. The Asian Reference Price edged lower, while exchange opening stocks and cancelled warrants declined. Alumina Platts prices posted a stronger increase. Both the cash bid and cash offer rose 1.40 per cent, to USD 3,113.50 and USD 3,114 per tonne, respectively, from USD 3,070.50 and USD 3,071 per tonne. Three-month aluminium prices also moved higher. The bid climbed 0.52 per cent to USD 3,078 per tonne from USD 3,062 per tonne. The offer price also advanced 0.52 per cent to USD 3,080 per tonne from USD 3,064 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price...
The most-traded SHFE aluminium 2612 contract closed at RMB 23,280 per tonne, down RMB 85 or 0.36 per cent from the previous trading day's settlement price. It opened at RMB 23,375 per tonne during the day and fluctuated within a range of RMB 23,250-23,445 per tonne. Prices traded below the MA5 (23,386.00), MA10 (23,300.00), MA30 (23,570.00), and MA60 (23,778.00) moving averages, weakening again after a rebound and showing a consolidating-on-a-subdued-note structure, with the moving averages above forming key resistance pressure. The MACD DIF (-121.7235) remained above the DEA (-168.5361), with the MACD red bar at 93.6251, indicating some convergence in bearish momentum. The core trading range for SHFE aluminium is suggested at RMB 23,000-23,600 per tonne. The LME aluminium 3M contract...
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Altech Chemicals has successfully enrolled the Dresden-based German research institution, Fraunhofer Institute for Ceramic Technologies and Systems (IKTS), as a strategic guide to accelerating the testing and qualification process for the company’s patent Silumina Anodes™. IKTS independently wishes to run some tests on Altech’s Silumina Anodes™ battery material to check its endurance in different battery-related usages. The prime intuition of IKTS after the detailed study of lithium-ion batteries is to conduct elongated performance tests on varied battery applications ensuring the proper qualification process of the Silumina Anodes™ material for customer demand. IKTS has state-of-the-art labs and technical centres full of extraordinary equipment at its sites in Dresden (Saxony), Hermsdorf...
Indian aluminium giants like Hindalco and Vedanta have shown interest in joining hands with Coal India Limited as equity partners for the proposed integrated greenfield aluminium project in Odisha. The news comes on Wednesday, July 6, after two officials aware of the matter reported, stating that several other companies in West Asia have also responded to CIL’s interest (EoI) for equity partners invitation in the greenfield project. As per the report, the project will include bauxite mining, alumina refinery, primary aluminium production, and an associated coal preparation plant. One of the two officials said: “Most domestic companies are interested, including Vedanta and Hindalco, as equity partners,” one of the two officials said on condition of anonymity. “During the pre-bid...
LME aluminium fell below at US$2,400 per tonne on Tuesday and closed at US$2,369 per tonne. On July 5, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$59 per tonne or 2.42 per cent and US$57.5 per tonne or 2.36 per cent to score at US$2,372 per tonne and US$2,374 per tonne. 3-month bid price and 3-month offer price also drifted downwards by US$63 per tonne or 2.57 per cent and US$64.5 per tonne or 2.63 per cent to settle at US$2,387 per tonne and US$2,387.50 per tonne. December 23 bid price and December 23 offer price halted at US$2,423 per tonne and US$2,428 per tonne after witnessing a decline of US$65 per tonne. LME aluminium opening stock closed at 362525 tonnes. Live warrants and Cancelled warrants for the same day were recorded at 158200...
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, bagged six significant National Safety Council (NSC) USA awards for 2021. Alba is recognized as one of the top industrial companies in the world with high standards in Environment, Social, and Governance (ESG). Awards reflect Alba's leadership in various safety areas: Safety Leadership Award, Milestone Award, Million Work Hours Award, Perfect Record Award, Occupational Excellence Achievement Award, and Significant Improvement Award. The six NSC Awards will be presented to Alba at the National Safety Council Congress and Expo, which will take place in San Diego, USA, in September 2022. “We are our last line of defense in Safety; it boils down to each one of us. Safety is everyone’s responsibility in Alba. I thank our...
LME aluminium opened at US$2,475 per tonne on Monday and closed at US$2,463 per tonne, down 0.22 per cent. LME aluminium cash bid price stood at US$2,431 per tonne, with a 2.01 per cent or US$48 per tonne escalation on Monday, July 4. LME aluminium official settlement price halted at US$2,431.50 per tonne, experiencing an upward strike of 1.99 per cent or US$47.50 per tonne. 3-month bid price grew by 2.12 per cent or US$51 per tonne to stand at US$2,450 per tonne, while the 3-month offer price witnessed a US$52 per tonne or 2.17 per cent hike to begin the week at US$2,452 per tonne. December 23 bid price and December 23 offer price climbed up the graph by US$50 per tonne or 2.05 per cent to rest at US$2,488 per tonne and US$2,493 per tonne, respectively. LME aluminium opening stock...
On 4 th July 2022, the largest aluminium producer of India, Vedanta reported a 3 per cent upswing in its aluminium production to 565,000 tonnes in the April-June quarter of FY22-23. Anil Agarwal-led Vedanta Ltd runs its aluminium operations in the states of Odisha and Chhattisgarh and had produced 549,000 tonnes of aluminium in the corresponding quarter of the previous financial year. Aluminium has applications across a wide range of critical industries, including aerospace, aviation, electrical, transportation, infrastructure, consumer goods, and more, as well as emerging sectors such as electric vehicles and renewable energy; making it an essential part of modern life and crucial for a low carbon future. As a result, aluminium is the world's second most important metal today and is set...
The Chief Development Officer of South32, Simon Collins stated at the virtual session of this year’s Prospectors & Developers Association of Canada, that the company encountered a significant change in the past year and has evolved considerably since its formation in 2015, reshaping the company's portfolio to focus on metals critical to a low-carbon future mandate the company to diversify its product portfolio. During the first half of the company's financial year 2022, he noted that record earnings and shareholder returns were supported by the company's favourable commodity mix and recent portfolio improvements. Collins expressed by commenting, “Study outcomes for our world-class development options in North America underline their potential to supply critical minerals into the future....
According to the Shanghai Metals Market, social inventories of primary aluminium in China recorded a restraint this weekend, ending July 4, at 734,000 tonnes. After continued declines since June 21, primary aluminium inventories displayed no change over the weekend across eight major consumption areas, including SHFE warrants. Last Thursday, June 30, primary aluminium inventories came in at 734,000 tonnes, seeing a downfall of 17,000 tonnes week-on-week. However, some Chinese provinces have witnessed a few changes in inventories this weekend, such Wuxi, Nanhai, Gongyi and others. The chart below indicates the current status of inventories across China in more details: Gongyi has seen a hike of 6,000 tonnes over the week in primary aluminium inventories to 103,000, while the inventories in...
Century Aluminum’s three-year power contract with Santee Cooper signed in 2021 is believed to have been shielding the company’s Mount Holly smelter near Goose Creek from rising energy costs. It is helping Chicago-based Century Aluminum combat the second biggest expense after payroll - the escalating costs of electricity. On June 2022, Century announced to idle its Hawesville, Ky., smelter for up to a year, hoping the energy prices to become normal. This shutdown will affect more than 600 workers in the Bluegrass State. CEO Jesse Gary revealed that power costs at the Hawesville smelter, the company’s largest, tripled their historic average expenses in recent months. Meanwhile, another smelter of Century, located off US Highway 52, is amidst an expansion worth $100 million, including the...
Keerti Kappagantula, Pacific Northwest National Laboratory (PNNL) materials scientist and his team are working to improve aluminium’s conductivity so that it can compete with copper inexpensively. Keerti stated that this study was initiated as a result of his team's realisation that the demand for copper is surpassing its existing supply, particularly as the EV revolution gains traction. The research, in the opinion of the experts, opens the door to trials that, if completely realised, might result in an ultra-conductive aluminium substitute for copper that would be beneficial in markets outside of transmission lines, transforming automobiles, electronics, and the power grid. “What if you could make aluminum more conductive—even 80% or 90% as conductive as copper? You could replace copper...
On 1 st July 2022, the Pittsburgh-headquartered American Industrial Corporation due to operational challenges at Warrick aluminium smelter, Alcoa announced it is curtailing one of three potlines immediately. There are three smelting lines at Warrick, each capable of producing approximately 54,000 tonnes per year. By the end of 1st July, one potline was shut down completely. John Slaven, the Executive Vice President and COO at Alcoa said, “Our teams will be focused on ensuring that we bring down this capacity safely while protecting production at the two other operating lines.” Alcoa in its 2020 sustainability report, which covered the activity of the previous year, exemplified “an ongoing focus on increasing the recycled content in the flat-rolled aluminium produced at our Warrick...
LME aluminium opened at US$2,435 per tonne last Friday and fell to US$2,380 per tonne before closing at US$2,468 per tonne, an increase of US$24.5 per tonne or 1 per cent. On Friday, July 1, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$13.5 per tonne or 0.56 per cent and US$13 per tonne or 0.54 per cent to halt at US$2,383 per tonne and US$2,384 per tonne. 3-month bid price and 3-month offer price also dropped by US$21.5 per tonne or 0.88 per cent and US$21 per tonne or 0.86 per cent to settle at US$2,399 per tonne and US$2,400 per tonne. December 23 bid price and December 23 offer price plunged by US$14 per tonne to stop at US$2,438 per tonne and US$2,443 per tonne. LME aluminium opening stock settled at 369675 tonnes. Live warrants and...
Global transformations are ever more present and increasingly large in size. New business models, emerging technologies penetrating our daily lives and new consumption patterns highly related to social, environmental and regulatory changes have stoked debate in companies worldwide. We need to innovate with purpose, have a vision focused on creating value and explore the core enablers to sustain this growth and legacy. CBA - Companhia Brasileira de Alumínio has been progressively making structured investments year in and year out and has launched DigitALL, a digital transformation program to further expedite this journey. As the name suggests, the program represents a path to be jointly followed by all, from employees to customers to the innovation ecosystem. Fernando Varella | Downstream...
In May of this year, EMG Automation GmbH took over MESACON Messelektronik GmbH in Dresden and integrated the company's versatile thickness measurement solutions into the product portfolio of the "Business Unit Metals". This is an important step towards completing EMG's range of quality assurance systems for the manufacturing of metallic flat products. In addition to various width measurement solutions and the online geometry measurement of slabs, EMG now offers the complete spectrum of thickness measurement systems required for almost every manufacturing and processing step. The expansion of the product portfolio by the thickness measurement, under the product name EMG iTiM, means for the quality management the availability of a wide range of sensor and automation solutions from one...
The global primary aluminium industry experienced some significant developments this week. Like, to begin with, it can be seen that the geopolitical crisis has put the metal industry under various obstacles, and its impact is still ongoing. The shutting down of Century Aluminum in Hawesville due to the rising prices of energy, will not only hamper the region's earnings but will also cause unemployment. On the other hand, the shift towards a greener and cleaner environment is going strong. To support this, three of the biggest lenders in the world to the aluminium industry will work with Rocky Mountain Institute (RMI) for climate-aligned finance to help the decarbonisation of the sector. Apart from this, the news of the United States increasing its tariffs on aluminium imports from Russia...
Hindalco Industries Limited reduced its aluminium ingot and aluminium products prices, with effect from Thursday, June 30. The company trimmed its aluminium ingot price by INR 3,500 per tonne to INR 225,250 per tonne. On the previous day, June 29, Hindalco’s aluminium ingot price stood at INR 228,750 per tonne, seeing a slash of INR 5,250 per tonne. With effect from June 30, Hindalco’s aluminium wire rod price came in at INR 236,350 per tonne, down by INR 3,500 per tonne from INR 239,850 per tonne. Aluminium billets price also saw a cut of INR 3,500 per tonne on the said day from INR 242,850 per tonne to INR 239,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which as per the data,...
Vedanta Limited has deducted INR 4,750 per tonne from all its aluminium products and aluminium ingot price, with effect from Friday, July 1. With this cut, Vedanta’s aluminium ingot price has come in at INR 220,500-253,500 per tonne, in contrast to INR 225,250- 258,250 per tonne on June 30. The company’s aluminium wire rod price is currently ranging between INR 228,000- 235,500 per tonne, as against INR 232,750- 240,250 per tonne on the previous day. From today, Vedanta is selling its aluminium billet at INR 229,500 per tonne in contrast to INR 234,250 per tonne on June 30. Vedanta Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which is on downward trend since June 29. On Wednesday, June 29, the LME...
The global aluminium industry experienced several electrifying events in June 2022. Century Aluminium’s Hawesville smelter, the largest aluminium producer in North America producing military-grade aluminium, employing over 600 staff has decided to idle its smelter due to soaring energy prices. The company has planned to suspend production for around nine to twelve months and staff have been delivered the notice of temporary lay-off. On the other side of the world in West Africa, Guinea, one of the world’s leading bauxite producers and exporters has pushed companies to build locally alumina refineries to mechanize its national mineral wealth for economic development and has extended the deadline the submission date for alumina refinery proposals and targeted to set a reference price for...
