SHFE aluminium closed at RMB 24,245 per tonne, edging up 0.02 per cent. The price stood above the MA10 (24,236) but was capped by the MA5 (24,386), still well above the MA30 (24,084) and MA60 (23,729.92). The medium-term bullish structure remained intact, while short-term moving average resistance was evident. On the MACD indicator, DIF stood at 102.44 and DEA at 125.85, with the high-level death cross persisting. The green bar narrowed to -46.80 (previous day -50.36), indicating slightly weakening bearish momentum. Trading volume shrank to 52,300 lots, reflecting a strong wait-and-see sentiment in the market. The suggested core trading range for SHFE aluminium is 24,000-24,600. LME aluminium closed at USD 3,266 per tonne, up 0.21 per cent. The price was slightly below the MA5 (3,275.6)...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced a technology upgrade pilot at the company’s Al Taweelah smelter, which will further improve productivity and efficiency. The pilot upgrades to 13 DX technology reduction cells will be used to prove the performance of the new technology, called E40, before industrialisation across all 808 DX technology reduction cells at potlines 1 and 2 at Al Taweelah. If applied to all 808 reduction cells, EGA’s E40 technology has the potential to increase hot metal production from the two potlines by 67 thousand tonnes per year, while reducing net specific energy consumption and associated carbon dioxide emissions from power generation by approximately six per cent per tonne of...
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Hydro said in its Q2 results report that global primary aluminium consumption in Q2 declined 9 per cent due to the coronavirus pandemic. The world consumption stood at 15.482 million tonnes in Q2 as compared to 17.01 million tonnes in Q2 2019. In January-June, primary aluminium consumption came in at 29.203 million tonne as against 32.237 million tonnes in January-June 2019, according to Hydro’s report. "Global primary aluminium consumption was down 9% compared to the second quarter of 2019, driven by a combination of around 28% decline in world outside China and an increase of 5% in China," Hydro said in its Q2 results report. "The COVID-19 situation continues to cause significant market uncertainty, with global GDP and industrial production falling during the quarter, leading to a...
Rio Tinto announced that it has submitted a formal complaint to the Icelandic Competition Authority (ICA) alleging abuse of market dominance by energy supplier Landsvirkjun to the company’s ISAL aluminium smelter in Iceland. The company is asking the ICA to address anti-competitive conduct by Landsvirkjun through discriminatory pricing and long-duration power contracts. Rio Tinto Aluminium chief executive Alf Barrios said “Landsvirkjun’s abuse of its dominant position in the Icelandic energy market needs to be addressed or Iceland is in danger of losing export industries with major employment like ISAL. ISAL pays significantly more for its energy than other aluminium producers in Iceland, which undermines its competitive position in the market. We cannot continue to produce aluminium in...
A00 aluminium ingot price climbed by RMB 30 per tonne from Wednesday’s price of RMB 14520 per tonne. The price now stood at RMB 14550 per tonne on Thursday, 23 July 2020 and is expected to move within a range of RMB 14530-14570 per tonne. This marks the second consecutive rise in aluminium ingot price. In Foshan and Wuxi, the price inched up by RMB 50 per tonne and RMB 40 per tonne to stand at RMB 14560 per tonne and RMB 14580 per tonne. Their average prices are expected to range within RMB 14490-14530 per tonne and RMB 14550-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne and 14435 per tonne, up RMB 40 per tonne and RMB 45 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi rose to stand at RMB 14505 per tonne, RMB 14570...
Aluminerie Alouette's operations in Sept-Îles, Quebec, have been acknowledged by the Aluminium Stewardship Initiative with its Performance Standard Certification. The news came after ASI announced today, July 23, that it successfully certified the Aluminerie Alouette plant in Sept-Îles. The plant has an annual capacity of 600,000 tonnes of primary aluminium. It is the largest smelter in the Americas. The ASI certification scope covers the facility’s aluminium smelting, casthouse, and operational activities. Fiona Solomon, Chief Executive Officer at ASI said, “We congratulate Aluminerie Alouette on its ASI Performance Standard certification. This certification is significant not only due to the company’s annual production capacity, but also because the consortium behind the company...
The US dollar gave up some of its earlier gains recorded on Wednesday, July 22, as investors retreated from the safe-haven asset, following struggles by the US to reach a consensus on further stimulus measures. Three-month LME aluminium fell as much as over 1 per cent last night amid concerns about mounting US-China tensions, ending lower on the day at US$ 1,689.5 per tonne, following a session low of US$ 1,675 per tonne. On Wednesday, July 22, both LME aluminium cash (bid) price and LME official settlement price extended growth for the third consecutive day to stand at US$ 1651 per tonne. 3-months bid price and 3-months offer price stood at US$ 1686 per tonne, up by US$ 3.5 per tonne from US$ 1682.50 per tonne on July 21. Dec 21 bid price and Dec 21 offer price came in at US$ 1774.50 per...
The relentless impact of COVID-19 and the precariousness around Brexit is being censured for the loss of up to 18 jobs at the Fort William-based Lochaber smelter. Liberty British Aluminium became ALVANCE British Aluminium as part of a new structure back in February’20 but in few weeks the company was forced to lay-off around 40 of its workers in response to the impact of the COVID-19 epidemic. ALVANCE British Aluminium comes under the aluminium arm of metals industry tycoon Sanjeev Gupta’s GFG Alliance group of companies. On 22 nd July’20, the company declared it would be reducing its workforce permanently. An ALVANCE British Aluminium spokesman said: ‘The Covid-19 pandemic has compounded an already difficult commercial environment for aluminium. Given the continued impact of the virus...
Hydro has released its second-quarter results of 2020, wherein it has reported a year-on-year increase of 5 per cent in primary aluminium production. From 486,000 tonnes in Q2 2019, Hydro’s primary aluminium output in Q2 2020 surged to 509,000 tonnes. However, on a quarter-on-quarter comparison, the output in Q2 of this year stood down by 4 per cent from 528,000 tonnes. The company’s total primary aluminium production in the first half of 2020 came in at 1.04 million tonnes, 7 per cent higher than 971,000 tonnes during the same period last year. Hydro, as per the report, generated NOK 30,931 million of revenue in Q2 2020, 19 per cent lower than NOK 38,124 million in Q1 2020 and 21 per cent from NOK 39,176 million in Q2 2019. The total revenue of Hydro in the first six months of the year...
Three-month LME aluminium notched its highest since July 13 at US$1,702 per tonne on Tuesday. It ended 2.23% higher at US$1,699.5 per tonne. It is likely to move at US$1,680-1,720 per tonne today. As of Tuesday July 21, LME aluminium cash (bid) price stands at US$ 1646.50 per tonne, LME official settlement price stands at US$ 1646.50 per tonne; 3-months bid price stands at US$ 1682.50 per tonne, 3-months offer price is US$ 1682.50 per tonne; Dec 21 bid price stands at US$ 1768.50 per tonne, and Dec 21 offer price stands at US$ 1768.50 per tonne. The LME aluminium opening stock stood at 1652200 tonnes. Live Warrants totalled 1383850 tonnes, and Cancelled Warrants were 268350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1670.38 per tonne. SHFE Aluminium Price...
According to the Shanghai Metals Market, the A00 aluminium ingot price has increased by RMB 110 per tonne to RMB 14,520 per tonne on Wednesday, July 22, following a decline from RMB 14,480 per tonne to RMB 14,410 per tonne on the previous day. Today, the average prices are expected to range between RMB 14,500 per tonne and RMB 14,540 per tonne, with spot contract to be traded at a premium price of RMB 130-170 per tonne, down by RMB 50 per tonne from July 21. Foshan has seen the highest growth of RMB 140 per tonne in A00 aluminium ingot price today to stand at RMB 14,460 per tonne, followed by the hike of RMB 120 per tonne in Tianjin to stand at RMB 14,520 per tonne. Wuxi, Hangzhou, and Chongqing have seen an increase of RMB 110 per tonne to RMB 14,520 per tonne, RMB 14,540 per tonne, and...
The latest data of the International Aluminium Institute shows a slight dip in the primary aluminium production in Africa in the second quarter of 2020. In the first quarter, Africa’s primary aluminium output was 402,000 tonnes, which in the second quarter marginally declined to 401,000 tonnes. When compared to the corresponding period last year, the country’s production found lower by 11,000 tonnes or 2.74 per cent from 412,000 tonnes. The accumulative primary aluminium production in Africa in the first half of 2020 totalled 803,000 tonnes, found IAI. This stood lower by 20,000 tonnes or 2.43 per cent from 823,000 tonnes in H1 2019. Africa’s aluminium production in the last month stood at 129,000 tonnes after declining by 10,000 tonnes from 139,000 tonnes in May. In April, the country...
North America’s primary aluminium production stood at 330,000 tonnes in June 2020, 5.1 per cent higher year-on-year. The output was 314,000 tonnes in June 2019. On a month on month basis, the output dropped by 4.62 per cent from May’s production of 346,000 tonnes. In the first half of 2020, the production stood 4.72 per cent higher than the same period last year. The output amounted to 1.995 million tonnes, from 1.905 million tonnes in the first half of 2019, according to the latest data showed by the International Aluminium Institute (IAI). In 2019, the output stood at 3.809 million tonnes, an increase of 0.93 per cent from 3.774 million tonnes in 2018. Primary aluminium production in South America decreased by 14.12 per cent year-on-year to 73,000 tonnes in June. The output of primary...
Global primary aluminium production stood at 5.274 million tonnes in June, an increase of 0.25% from 5.261 million tonnes in June 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Monday 20 July 2020. On a month-on-month comparison, the output decreased by 3.19% from 5.448 million tonnes. Total primary aluminium production came in at 32.045 million tonnes in the first six months of 2020, an increase of 1.24% from 31.653 million tonnes in the first six months of 2019. In Asia ex-China, aluminium production reduced by 6.39% year-on-year and 1.46% month-on-month to 337,000 tonnes in June. In January-June, output came in at 2.048 million tonnes, a decrease of 6.61% from 2.193 million tonnes in January-June 2019. In the Middle East, primary aluminium...
According to a recent report, the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) has chosen NexTech AR Solutions’ InfernoAR video conferencing platform to host its 38th annual International Conference virtually in November. The deal is worth $40,000 to NexTech. The InternoAR platform can host large-scale events of up to 1 million people with virtual lobbies, live presentations and custom holographic product display. NexTech’s senior vice president of sales Pete Dunn said in a statement, “I'm honoured that the International Committee for Study of Bauxite, Alumina and Aluminium has chosen InfernoAR to host their 38th annual International Conference bringing together their global audience in an exciting new format.” Dunn also said that ICSOBA’s chairman put...
Tokai COBEX GmbH has joined Aluminium Stewardship Initiative as a General Supporter member. It brings the total number of ASI Members to 126. The company, located in Wiesbaden, Germany with two production plants in Racibórz and Nowy Sącz, Poland and a sales office in Beijing, China is a global company producing high quality carbon products such as cathode blocks for aluminium smelting. Tokai COBEX operates worldwide and is one of the leading innovators in its markets. The company’s core competencies – which have stood the test of time for decades – include wide-ranging expertise in raw materials, application know-how, and excellent understanding of manufacturing processes in customers’ industries like the primary aluminium industry. “Tokai COBEX’ products are an essential part of primary...
A00 aluminium ingot price registered a decrease of RMB 70 per tonne from Monday’s price of RMB 14480 per tonne. The price now stood at RMB 14410 per tonne on Tuesday, 21 July 2020 and is expected to move within a range of RMB 14390-14430 per tonne. In Foshan and Wuxi, the price dropped by RMB 110 per tonne and RMB 90 per tonne to stand at RMB 14320 per tonne and 14410 per tonne. Their average prices are expected to range within RMB 14300-14340 per tonne and RMB 14400-14420 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14430 per tonne and 14280 per tonne, down RMB 90 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 14360 per tonne, RMB 14400 per tonne, RMB 14470 per tonne, and RMB 14370 per tonne. The Aluminium...
The US dollar fell on Monday against a basket of rivals, as risk appetite improved on a flurry of announcements about a potential COVID-19 vaccine and expectations of more stimulus from Europe and from the US. Three-month LME aluminium closed little changed at US$ 1,662.5 per tonne on Monday in choppy trading. It is likely to move at US$ 1,650-1,690 per tonne today. As of Monday, July 20, LME aluminium cash (bid) price and LME official settlement price rose from US$ 1618 per tonne to US$ 1621 per tonne. 3-months bid price and 3-months offer price stood at US$ 1658 per tonne after growing by US$ 3.5 per tonne from US$ 1654.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1750.50 per tonne from US$ 1747.50 per tonne on Friday, July 17. The LME...
Alro Slatina, one of the biggest aluminium companies in Romania and Europe is operating new Danieli homogenizing furnaces for the production of quality aluminium flat products at its site. The Romanian plant uses Danieli Olivotto Ferrè's technology to homogenize slabs of aluminium alloys, treating slabs measuring 500x1,650 mm and up to 8 m long, with a total annual capacity of up to 24,000 tons/year. Heating and soaking in two homogenizing furnaces and cooling in a cooling chamber are performed in continuous mode. Furnace equipment and process controls perform in automatic mode, in a controlled atmosphere, matching the stringent AMS 2750E standard for aerospace markets. The subsequent slab cooling treatment delivers perfect quality in terms of mechanical/metallurgical properties....
South32 Ltd’s aluminium output stood at 986,000 tonnes in FY20, unchanged from last year. In June quarter, production was unchanged at 245,000 tonnes. Hillside Aluminium saleable production increased by 3,000 to a record 718,000 tonnes in FY20 as the smelter continued to test its maximum technical capacity, despite the impact to production from increased load-shedding. “Our priority remains keeping our people safe and well, maintaining reliable operations and supporting our communities through the COVID-19 pandemic. Despite the health crisis, we delivered a strong operating result, highlighted by annual production records at Brazil Alumina, Hillside Aluminium and Australia Manganese ore,” Graham Kerr, South32 CEO. Mozal Aluminium saleable production increased by 1,000 tonnes to 268,000...
