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...
Grow with
AL Circle
The US dollar declined to the lowest level in nearly five weeks. LME aluminium shed 0.24% and SHFE aluminium dropped 1.24%. Three-month LME aluminium recovered from a session low of US$1,673 per tonne, ending last night at US$1,678.5 per tonne. LME aluminium is expected to trade between US$1,660-1,700 per tonne today. As of Wednesday July 15, LME aluminium cash (bid) price stands at US$ 1651per tonne, LME official settlement price stands at US$ 1651 per tonne; 3-months bid price stands at US$ 1686 per tonne, 3-months offer price is US$ 1686 per tonne; Dec 21 bid price stands at US$ 1771.50 per tonne, and Dec 21 offer price stands at US$ 1771.50 per tonne. The LME aluminium opening stock stood at 1663800 tonnes. Live Warrants totalled 1405725 tonnes, and Cancelled Warrants were 258075...
Deputy Prime Minister of New Zealand Winston Peters is determined to continue fighting for the Tiwai Point aluminium smelter. He said in a meeting on Thursday morning, “I began saying this in 2011 and I’m saying it now stronger than ever that this enterprise has got to be saved.” He has been supporting the idea of a Tiwai worker/management buy-out for almost last 10 year. In 2011, he told the Tiwai workers ‘you guys are going to have to shape up and save yourselves, because you are being taken for a ride by the owners,’ upon his visit to the smelter. But the union delegate and Tiwai staff member Cliff Dobbie said there was no chance of a management or worker buyout. He said the concept had not been brought up with staff and wouldn't be economically viable. The meeting is being attended by...
According to the Shanghai Metals Market, the A00 aluminium ingot price has expanded its downfall than the previous day by about RMB 170 per tonne to stand at RMB 14,530 per tonne, as of Thursday, July 16. Yesterday, the price fell by RMB 120 per tonne, and today, it declined by RMB 290 per tonne. The average prices are expected to range between RMB 14,510 per tonne and RMB 14,550 per tonne, with spot contract to be traded at a premium price RMB 230-270 per tonne, up by RMB 250 per tonne, following a restraint last day. The growth in spot aluminium premiums could be attributed to the enthusiastic purchase by downstream consumers to replenish their stocks due to the lowering trend of the primary aluminium price. Today, Chongqing has seen the highest downfall in the aluminium ingot price of...
Despite the lockdown situation, travel restrictions and various government policies in response to the COVID-19 situation, Aluminium producers have to carry out their activities, while following strict health protocols. In response to this unprecedented situation and thanks to our well-rounded worldwide organization, Fives’ Services teams are breaking new ground to continue supporting clients operations. At the beginning of lockdown, our teams first used the digital tools they were familiar with, in order to answer clients’ requests without requiring any physical action. Then, capitalizing on our global presence, Fives’ experts designed dedicated digital solutions to ensure the continuity and quality of services. Constantly in touch, our Front-offices teams located all around the world,...
On a daily basis we are facing the dilemma typical for our kind of business: how can we increase our productivity, stay competitive and at the same time respect our planet and environment. How can we make our business more competitive and at the same time becoming sustainable and environmental friendly? How can we make this work in an aluminium smelter? It was a few years ago that my daughter – at that time only 14 years old – told me extensively that my personal carbon footprint was not something to be proud of. Of course I defended my behaviour, my professional activities and my travels all over the world as a way to contribute in a humble way to a world which was comforting our cherished way of life. In the end, who wants to pay 5.000 € for a battery in a mobile phone? We all want cars...
Just when the Industry 4.0 was creating a buzz in the aluminium industry, inspiring smelters and plants to integrate digitalization in their operations management, the COVID-19, also known as the novel coronavirus, made its emergence on the earth causing a pandemic and slowing down lives and livelihoods. The virus has caused radical shifts in workflows all across the globe as millions are practising social distancing and/or complying with self-quarantine recommendations. But while downsizing many industries, the pandemic’s dramatic appearance is believed to have accelerated numerous trends on the other hand, such as “Industry 4.0”. The term Industry 4.0 is used to describe the extensive use of digitalisation in an industrial environment. It covers the current systems and technologies for...
A00 aluminium ingot price edged lower by RMB 80 per tonne to stand at RMB 14820 per tonne on Wednesday, 15 July 2020, from Tuesday’s price of RMB 14900 per tonne. This marked the second consecutive fall in aluminium ingot price. The price is expected to range at RMB 14800-14840 per tonne. In Foshan and Wuxi, the price fell by RMB 40 per tonne and RMB 75 per tonne to stand at RMB 14760 per tonne and RMB 14830 per tonne. Their average prices are expected to range within RMB 14740-14780 per tonne and RMB 14820-14840 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14840 per tonne and RMB 14695 per tonne, down RMB 110 per tonne and RMB 65 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14685 per tonne, RMB 14770 per tonne,...
Covid-19 shows that the world is at great risk of disruption by pandemics, cyberattacks or environmental tipping points. In addition, during this emergency period, we detected a strong increase in cyber attacks, an increase in the risks of operating blocks and data loss for the companies. How to be prepared to face these new challenges? Danieli, one of the major plant makers on steel and nonferrous metal industries, has the pleasure to share with you our security strategies in the matter of the Cyber security in the metal industry. Our approach to cybersecurity, based on the result of our internal “BeSafe” program, is to help our customers to be a step ahead, thanks to our “lightweight” approach to this issue, currently at the top of the risks for a Metal Company. if you want to...
The US dollar fell to its lowest in more than a month against a basket of rivals on Tuesday as stocks on Wall Street gained. Three-month LME aluminium eased 0.44 per cent to US$1,682.5 per tonne on Tuesday in choppy trading. It is likely to move between $1,670-1,710 per tonne today. As of Tuesday, July 14, LME aluminium cash (bid) price and LME official settlement price decreased from US$ 1664.50 per tonne to US$ 1640 per tonne. 3-months bid price and 3-months offer price stood at US$ 1675 per tonne, down by US$ 20.5 per tonne from US$ 1695.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1757 per tonne compared to US$ 1779 per tonne on Monday, July 13. The LME aluminium opening stock declined from 1674900 tonnes to 1669550 tonnes. Live Warrants...
Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter outside China, has reportedly adopted virtual platforms for employees training and development to set a new standard in response to the norms of social distancing during COVID-19. Alba’s Chief Executive Officer Ali Al Baqali said, “COVID-19 has dramatically changed the global training & education sector, giving a distinctive rise to virtual platforms. As we find our balance in the new norm, Alba has reshaped its training and development programmes so that our people continue to learn and grow, which in turn will help Alba stay ahead of the curve.” Training & Development has always been one of Alba’s top priorities. So, without compromising on that, the company’s Human Resources & Training Department has quickly made a...
The fundraising program during COVID-19 epidemic has remained crucial towards maintaining a community focus that has delivered an integral platform for the workers at Tomago Aluminium. An employee initiative that has been active for more than 30 years, the Tomago Workplace Giving Fund has collected more than $2 million for charities and is not slowing down, despite the impact of COVID-19. The fund's most recent recipients are Soul Café, Carrie's Place, Got Your Back Sista and headspace Newcastle, each receiving $10,500, a quarter-share of a total of $42,000 raised by the company's workforce and matched dollar-for-dollar by management. Katie Burns, the Communications Advisor, said: “Charity representatives had attended two-morning tea presentations a week apart to comply with social...
New Zealand’s political party Social Credit has called the government to intervene and acquire Rio Tinto’s Tiwai Point aluminium smelter and convert it to a State-Owned Enterprise (SOE), issuing non-tradable shares to every New Zealand citizen. Social Credit Party has also advised that Govt. should offer just $1 for the purchase and then plough money into installing advanced emission control equipment to stop aluminium getting into the air and the food chain and cleaning up the environment and the leftover waste products. The plant could also be reformed to lift it to the world-class standards. The investment could be realized very easily and would not involve any cost to taxpayers, by using a process similar to the $60 billion the Reserve Bank is creating currently to buy government...
Vedanta has strengthened its Advisory Board with the addition of Jitendra Kumar Dadoo and Prakash Kumar Singh. The company announced the appointments as it readies for the next phase of growth post-Covid. Jitendra Kumar Dadoo, who retired in the rank of Secretary to Government of India in December, 2017 has been appointed as a Senior Advisor. He served in several key positions, including Chairman, Delhi Civil Supplies Corporation, Additional Secretary and Joint Secretary, Department of Commerce, Government of India. He will work closely with the Corporate Strategy team and Hindustan Zinc’s management committee to drive key business initiatives. Dadoo said, “Over the years, Vedanta has made very significant contributions to the industry and the nation. I am excited about joining Vedanta at...
The US dollar edged lower on Monday. LME aluminium inched up less than 0.1% and SHFE aluminium advanced 0.6%. Three-month LME aluminium jumped to a fresh four-month high of US$1,705 per tonne on Monday. It closed just 0.06% firmer at US$1,690 per tonne. It is likely to move between US$1,670-1,710 per tonne today. As of Monday July 13, LME aluminium cash (bid) price stands at US$ 1664.50 per tonne, LME official settlement price stands at US$ 1664.50 per tonne; 3-months bid price stands at US$ 1695.50 per tonne, 3-months offer price is US$ 1695.50 per tonne; Dec 21 bid price stands at US$ 1779 per tonne, and Dec 21 offer price stands at US$ 1779 per tonne. The LME aluminium opening stock stood at 1674900 tonnes. Live Warrants totalled 1435350 tonnes, and Cancelled Warrants were 239550...
Piyush Goyal, Commerce and Industry Minister, Govt. of India on 13 th July’20 stated that certain sectors have been spotted with vast potential for India to slash its import dependence, encourage exports and endorse domestic manufacturing. The Minister stood for 12 sectors; aluminium industry is incorporated among the recognized sectors. Mr Goyal added: “COVID-19 pandemic has taught a big lesson that over-dependence on certain geographies can cause a lot of difficulties in the time of stress.” While addressing the AGM of Bombay Chamber of Commerce, Piyush Goyal said: “In our ways, we have identified sectors where import substitution or export potential is there in a big way and I am sure that we can all work together to make this happen. We are looking at more sectors and I would urge all...
Following the three consecutive hikes from RMB 14,320 per tonne to RMB 15,320 per tonne, the A00 aluminium ingot price has recorded a sharp decline today, July 14, of RMB 420 per tonne to stand at RMB 14,900 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,880 per tonne and RMB 14,920 per tonne, with spot contract to be traded at a premium price of RMB 20 per tonne. Among the major Chinese markets, Wuxi has seen the highest decrease in primary aluminium ingot price by RMB 515 per tonne to RMB 14,905 per tonne. In Shenyang, Hangzhou, and Tianjin, the A00 aluminium ingot price has plunged by RMB 455 per tonne, RMB 450 per tonne, and RMB 440 per tonne to stand at RMB 14,815 per tonne, RMB 14,950 per tonne, and RMB 14,840 per tonne,...
The time has come to share with you all the performance metrics of the second edition of our flagship e-Magazine, which was the fourth quarterly e-Magazine, “Aluminium LeaderSpeak 2020” . We are overwhelmed to reveal that the magazine has reached 104 countries across the world, marking the total global views of 33,937 and hits of 139,469 in a little more than three months. In the era of advanced digital media when every outcome is measurable and transparent, we are delighted to discover how our fourth quarterly e-Magazine has created a buzz on the social media. While on Facebook, it has achieved 15,639 reach , on Twitter and LinkedIn, it has secured 2,190 and 3,586 reach , respectively. The average time spent by a user on the magazine is over 12 minutes , and the direct reach has crossed...
Iran's production of aluminium ingots stood at 101,195 tonnes during the first three months of the current Iranian year (March 20-June 20), an increase of 563% compared with the same period last year, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran’s flagship aluminium producer Iran Aluminum Company (IRALCO) contributed 48,086 tonnes of the total output. The output records a 5% growth year-on-year. Hormozal Aluminum Company produced 21,791 tonnes, which was a 179% rise on the year. Almahdi Aluminum Company’s production came in at 18,188 tonnes, up 146% year-on-year. The output from South Aluminum Company (SALCO) stood at 8,103 tonnes. Iran Alumina Company produced 5,027 tonnes. Iran has an estimated aluminium nameplate capacity...
