Aluminium Bahrain (Alba) reviewed its production operations and development projects during a visit by the Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, who also welcomed the company’s recent acquisition of Aluminium Dunkerque, the largest aluminium smelter in the European Union. During the visit, His Royal Highness conveyed the greetings and appreciation of His Majesty King Hamad bin Isa Al Khalifa to Alba’s national workforce. He reviewed the progress of operations across Alba’s production lines and the development projects currently being undertaken by the company. He also commended the company’s achievements, including the milestone of recording 50 million safe working hours. He also commended the efforts and dedication of Alba’s national workforce in maintaining...
LME aluminium prices softened on September 22, with the cash and three-month contracts declining from the previous trading session, while LME aluminium opening stocks also edged lower on September 23. On September 22, the LME aluminium cash bid price stood at USD 3,240 per tonne, down 0.66 per cent from USD 3,261.5 per tonne on September 21. The cash offer price was USD 3,242 per tonne , down 0.63 per cent from USD 3,262.5 per tonne. The LME aluminium 3-month bid price stood at USD 3,263.5 per tonne on September 22, compared with USD 3,272.5 per tonne on September 21, representing a decline of 0.28 per cent. The 3-month offer price fell 0.27 per cent to USD 3,264 per tonne from USD 3,273 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our...
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The US dollar continued to rebound on Wednesday, as investors turned to the safe-haven currency in the wake of dire global economic data. The greenback advanced to its highest in more than a week against a basket of major currencies. Three-month LME aluminium came off after climbed, closing down 0.5 per cent on the day at US$ 1,482.5 per tonne. Concerns about the strength of demand recovery may limit any upward momentum in LME aluminium. As of Wednesday, May 6, LME aluminium cash (bid) price as well as LME official settlement price extended growth from US$ 1438.5 per tonne to US$ 1443 per tonne. 3-months bid price and 3-months offer price also increased from US$ 1479.5 per tonne to US$ 1481 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1609.5 per tonne, up US$ 5 per...
On 1 st July’20, the new version of NAFTA to come into force and the Canadian aluminium industry is paying attention to following a recent decision of the US Commerce Department to execute a mechanism monitoring of aluminium exports to the United States. The movement initiated post the American Primary Aluminum Association (APAA) lobbied the Trump administration and ran a media campaign in which it directly denounced an alleged increase in Canadian aluminium exports to the United States. The decision of the United States Department of Commerce, which fell on April 29, should make it possible to establish a surveillance mechanism modelled on that which exists for steel exports. The measure was also welcomed by the APAA in a press release published on Monday. APAA attacks on the Canadian...
An American start-up company that will make aluminium billets is looking to set up its shed in the Midwest Industrial Park, bringing 30 new jobs to the city of Richmond. On 4 th May’20, Richmond Common Council approved a series of tax abatement ordinances for Element 13 LLC that gets its name from the atomic number for aluminium. The Economic Development Corporation of Wayne County has been working with the Element 13 ownership team and the company's consultant since early last fall. Element 13 plans to acquire about 15.5 acres in the industrial park at the intersection of Round Barn and Gaar Jackson roads, just southeast of Blue Buffalo. A purchase agreement for the land will be reviewed by the EDC's board for possible approval at its next meeting on May 11. The board also will consider...
Hydro has developed a visor for health care to help in the fight against COVID-19. Employees at Hydro Extrusion in Vetlanda, Sweden, have developed 3D-print protective visors and will donate a total of 100 visors to the municipality. The company has already delivered to various health care facilities in early May. The ‘Hydro visor’ has been produced with 3D printers. Per Andréen, Design Engineer at Hydro Extrusion, followed the development of the Corona crisis in the media. A recurring point has been the global lack of protective equipment for healthcare professionals. Andréen and his colleagues in the Design Engineer department have started an intensive search for PETG material, which is a shock-resistant, odor-free and transparent plastic material for the visor itself. “This crisis...
Stewart Hamilton, CEO, Tiwai Point: “Aluminium manufacturer Rio Tinto does not own a hazardous substance being stored in Southland warehouses, but the company remains committed to its removal despite not being in a position to store the product at Tiwai Point, New Zealand Aluminium Smelter” Stewart Hamilton quoted the above lines while responding a letter from Environment Minister David Parker, where Parker said: “he was considering legal action against the owner of the Tiwai Point aluminium smelter over its failure to deal with its hazardous waste.” Ouvea premix gives off ammonia gas when it is wet, and the Mataura building housing was threatened by floodwaters in February. The potential of an environmental disaster prompted Gore District Council chief executive Steve Parry to strike a...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline over the five-day Labour Day holiday on robust demand and fewer arrivals. Inventories came in at 1.172 million tonnes as of Wednesday May 6, down 32,000 tonnes from Thursday April 30 The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi, Shanghai, and Gongyi decreased by 26,000 tonnes, 3,000 tonnes and 6,000 tonnes from April 30 to stand at 498,000 tonnes, 155,000 tonnes and 75,000 tonnes on Wednesday, 06 May 2020. But the stocks in Nanhai, increased by 2,000 tonnes to stand at 248,000 tonnes. Hangzhou, Zhejiang inventories came in at...
The Municipal Corporation of Ludhiana has reportedly started using poly aluminium chloride as part of a trial to treat the wastewater entering the sewage treatment plant in Jamalpur area. As per the Municipal Corporation officials, the trial started on April 29, and so far the results are encouraging. The black water flowing out of the plant has now diluted and biochemical oxygen demand (BOD) and chemical oxygen demand (COD) levels have improved. On Tuesday, Mayor Balkar Singh Sandhu directed the officials of the Municipal Corporation and Punjab Pollution Control Board (PPCB) to use poly aluminium chloride for the treatment when he visited the sewage treatment plant to assess the results of the trial. Mayor said, “The results of the trial are encouraging, but we need to check effects of...
The US dollar increased on Tuesday. LME base metals rose across the board on Tuesday. LME aluminium increased 0.37%. SHFE aluminium opened higher on Wednesday as trading resumed from the five-day Labour Day holiday. SHFE aluminium rose more than 1%. Three-month LME aluminium stood higher on Tuesday with support from an extended rally in oil futures and improved demand outlook. As of Tuesday, May 5, LME aluminium cash (bid) price stands at US$ 1438.50 per tonne, LME official settlement price stands at US$ 1438.50 per tonne; 3-months bid price stands at US$ 1479.50 per tonne, 3-months offer price is US$ 1479.50 per tonne; Dec 21 bid price stands at US$ 1604.50 per tonne, and Dec 21 offer price stands at US$ 1604.50 per tonne. The LME aluminium opening stock stood at 1355025 tonnes. Live...
After the extended weekend holiday in China for Labour Day, the Chinese A00 aluminium ingot price has inaugurated the week starting May 6 with a jump of RMB 180 per tonne to RMB 12,980 per tonne, learned Shanghai Metals Market. The average prices are expected to range between RMB 12,960 per tonne and RMB 13,000 per tonne, with spot contract to be traded at a premium price of RMB 50-90 per tonne. Linyi, among the major Chinese provinces, has seen the highest growth in A00 aluminium ingot price today of RMB 200 per tonne to stand at RMB 13,140 per tonne, followed by a rise of RMB 190 per tonne in Wuxi and Tianjin to RMB 12,980 per tonne and RMB 13,060 per tonne, respectively. In Foshan, Chongqing, and Shenyang, the A00 aluminium ingot price has increased by RMB 180 per tonne to respectively...
Africa produced 138,000 tonnes of primary aluminium in March 2020. The output registered a drop of 4.17% from March 2019. The production increased by 8.66% from February 2020’s production of 127,000 tonnes and 1.47% from January’s production of 136,000 tonnes, according to the latest data showed by the International Aluminium Institute (IAI). For the first three months of 2020, primary aluminium production came in at 401,000 tonnes as compared to 411,000 tonnes in the first three months of 2019. That records a decrease of 2.43% year-on-year. IAI reported that primary aluminium production in Africa came in at 1.643 million tonnes in 2019 as compared to 1.668 million tonnes in 2018. That was down 1.5 per cent year-on-year.
Aluminium Bahrain (Alba) has generated profit of BD 5.7 million (US$ 15.3 million) in Q1 2020, up by 136% year-over-year (YoY) from a loss of BD 15.8 million (US$ 42 million) in Q1 2019. Revenue came in at BD 275.9 million (US$ 733.8 million) in Q1 2020, up by 36% YoY from BD 203.5 million (US$ 541.2 million) in Q1 2019. Alba’s top-line and bottom-line were driven in the first quarter of 2020 by higher metal sales’ volume thanks to Line 6 and impacted by lower LME price. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa stated: “As the world is facing unprecedented times with the novel COVID-19 outbreak, we managed to close the first quarter of this year with overall good performance despite depressed LME prices. As COVID-19 continues to unfold, our...
Lixil Group Corporation, the Japanese owners of Permasteelisa has made public that it is selling the company to US firm Atlas holdings, the owners of Aludium. Lixil Group has been trying to offload the multinational – the UK’s largest envelope specialist by turnover – for several years, with financial authorities in the US blocking its proposed 2017 sale to Chinese firm Grandland. The value of the new deal is yet to be disclosed. Connecticut-based Atlas Holdings’ describes its investment strategy as “buying and investing in firms undergoing complex operational and financial challenges”. It owns 20 companies, incorporating aluminium manufacturer Aludium. In a statement, Lixil Group said: “The sale is part of its strategy to simplify its business structure and reduce risk exposure in its...
Benchmark aluminium price on London Metal Exchange further dropped, although slower, to close at US$1437 per tonne on Monday, May 4, down 0.21 per cent from the previous day’s close at US$ 1440 per tonne. Both LME aluminium cash (bid) price and LME official settlement price extended their decline from US$1,440 per tonne to US$ 1,437 per tonne on Monday, May 4. 3-months bid price and 3-months offer price also decreased, but very marginally, from US$ 1477.5 per tonne to US$ 1477 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1601 per tonne compared to US$ 1600.50 per tonne on the previous day, meaning up by US$ 0.50 per tonne. LME aluminium 3-months Asian Reference Price totalled at US$ 1476.50 per tonne. SHFE Aluminium Price Trend The Shanghai Futures Exchange (SHFE) is...
Rio Tinto came out with open hands to support local community efforts to fight COVID-19 and its social and economic impacts. The metals and mining giant is contributing $10 million in a multiple of grassroots projects across Canada and the United States. Rio Tinto has taken its stance from the delivery of critical equipment for people working in hospitals to providing practical support to communities and families. The company is contributing to efforts by our partners to help fight the pandemic. Rio Tinto is also supporting projects that maintain and create regional economic development, which is vital for the long-term prosperity of communities where it operates across Canada and the United States. Rio Tinto Chief Executive J-S Jacques said: “Rio Tinto is proud to play our part in...
The US senators Patty Murray and Maria Cantwell and Representative Suzan Delbene and Rick Larsen have forwarded a letter to President Donald Trump, marking out the administrative failure towards competently addressing Chinese aluminium excess capacity and seek it to emphasize resolving this issue. The excess aluminium capacity of China has weakened prices in the worldwide market and has equally dented US businesses and workers, mostly in the state of Washington. The Lawmakers wrote: “We have a shared interest in addressing unfair trading practices and protecting American jobs in the domestic aluminium industry, but it is clear that your current policies are not working. Two years later, excess capacity in China is still a serious problem for the American aluminium industry.” <iframe...
National Aluminium Co Ltd has extended its aluminium price cut with effect from last Friday, May 1, 2020. The prices of aluminium ingots are now, thus, ranging between INR 135,150 per tonne and INR 138650 per tonne, in contrast to INR 142,150-145,650 per tonne, as of April 23. With the latest cut, the prices of aluminium billets are now hovering at INR 138850 per tonne to INR 141250 per tonne, down from INR 145,600 - 148,250 per tonne in the week ago. <iframe width="500" height="300" src="https://www.youtube.com/embed/px_UCmbtoHU" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange....
Finland is a Northern European nation bordering Sweden, Norway and Russia. Its capital, Helsinki, occupies a peninsula and surrounding islands in the Baltic Sea. The economy of Finland is a highly industrialised, mixed economy with a per capita output similar to that of other western European economies such as France, Germany and the United Kingdom. The largest sector of Finland's economy is services industry, followed by manufacturing and refining. Concerning foreign trade, the key economic sector is manufacturing. The largest industries are electronics, machinery, vehicles and other engineered metal products, forest industry, and chemicals. Finland’s aluminium ingot import market has been recorded strong though with uneven movement. The total import during 2017-19 has been recorded at...
Benchmark aluminium price on London Metal Exchange dropped further to close at US$1440 per tonne on Friday, May 1, down 1.4 per cent from the previous day’s close at US$ 1460.5 per tonne. As of Friday, May 1, LME aluminium cash (bid) price stands at US$ 1440 per tonne, LME official settlement price stands at US$ 1440 per tonne; 3-months bid price stands at US$ 1477.50 per tonne, 3-months offer price is US$ 1477.50 per tonne; Dec 21 bid price stands at US$ 1600.50 per tonne, and Dec 21 offer price stands at US$ 1600.50 per tonne. The LME aluminium opening stock stood at 1356150 tonnes. Live Warrants totalled 1187150 tonnes, and Cancelled Warrants were 169000 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1484.92 per tonne. SHFE Aluminium Price Trend The Shanghai...
