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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A00 aluminium ingot price registered an increase of RMB 150 per tonne or 1.25 per cent from Thursday’s price of RMB 12000 per tonne. The price now stood at RMB 12150 per tonne on Friday, 17 April 2020 and is expected to move within a range of RMB 12130-12170 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 10 to a premium of 30 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 160 per tonne to stand at RMB 12190 per tonne and 12170 per tonne. Their average prices are expected to range within RMB 12170-12210 per tonne and RMB 12160-12180 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 12180 per tonne and 12190 per tonne, up RMB 150 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi...
The US dollar rose to a one-week high on Thursday as investors continued to search for safe haven following gloomy US jobless data. The dollar index, which tracks the greenback against a basket of other currencies, added 0.28 per cent and ended at 99.9. As of Thursday, April 16, both LME aluminium cash (bid) price and LME official settlement price increased by US$ 6.5 per tonne to US$ 1476 per tonne. 3-months bid price and 3-months offer price also grew by US$ 6.5 per tonne to come in at US$ 1514 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1647 per tonne. The LME aluminium opening stock stood at 1261475 tonnes, compared to 1261550 tonnes on Wednesday, April 15, meaning it remained flat. Live Warrants totalled at 1137900 tonnes and Cancelled Warrants 123575 tonnes....
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined sharply this week on improved demand. Inventories stood at 1.495 million tonnes in the week ended April 16. That was down 112,000 tonnes from April 9. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai decreased by 37,000 tonnes and 48,000 tonnes from April 9 to stand at 620,000 tonnes and 341,000 tonnes on Thursday, 16 April 2020 02. Stocks in Shanghai, Chongqing and Linyi remained unchanged at 172,000 tonnes, 15,000 tonnes and 11,000 tonnes. The inventories in Hangzhou and Gongyi came in at 142,000 tonnes and 138,000 tonnes today. That...
According to a recent report, Wenshan Aluminium’s 500,000 tonnes of aluminium smelting and hydropower project in southeast Yunnan’s Wenshan prefecture will start the operation of its first potline at the end of April. The project is estimated to require a total of more than RMB 4 billion of investment, as per the report. Yunnan Aluminium’s subsidiary Wenshan Aluminium runs an alumina refinery as well, which in the first quarter of 2020 produced 266,000 tonnes of alumina. There are 3.43 million tonnes of aluminium smelting and hydropower capacity that is under construction or has been built in Wenshan prefecture, according to official data.
The US dollar rose on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, rebounded 0.71% to end at 99.573. Overnight, LME base metals failed to hold onto gains from Tuesday. LME aluminium fell 0.2% while SHFE aluminium jumped 1.5%. Three-month LME aluminium relinquished early gains after a strengthened SHFE aluminium lifted it to a session high of US$1,529 per tonne. It closed at US$1,516 per tonne, down 0.2% on the day. Shanghai Metals Market expects the contract to trade at US$1,490-1,520 per tonne today. As of Wednesday, April 15, LME aluminium cash (bid) price stands at US$ 1469.50per tonne, LME official settlement price stands at US$ 1469.50 per tonne; 3-months bid price stands at US$ 1507.50 per tonne, 3-months offer price is US$ 1507.50...
A00 aluminium ingot price has extended growth today, on April 16, for the sixth day in a row to touch the level of RMB 12,000 per tonne, learned Shanghai Metals Market. Yesterday, the price was RMB 11,910 per tonne, which represents that today it has increased by RMB 90 per tonne. The average prices are expected to range between RMB 11,980 per tonne and RMB 12,020 per tonne, with spot contract to be still traded at a discount and premium price of RMB 30 per tonne to RMB 10 per tonne. Wuxi has seen the highest growth of RMB 120 per tonne to RMB 12,010 per tonne, followed by the growth of RMB 115 per tonne in Hangzhou to stand at RMB 12,030 per tonne. In Gongyi, the price has increased by RMB 105 per tonne to RMB 12,035 per tonne and that in Foshan, Chongqing, and Linyi by RMB 100 per tonne...
In addition to the New Zealand Aluminium Smelter (NZAS) at Tiwai Point, Rio Tinto’s other aluminium laboratories such as its Tasmania’s Bell Bay site, the Yarwun refinery in Gladstone have all become the temporary hand sanitiser development hotspots. The mining giant aims to ease the demand for hand sanitiser products during the COVID19 pandemic, as well as to help prevent the spread among its own staff. With such aims, Rio Tinto Aluminium has transformed its laboratory spaces in Australia and New Zealand into spaces for chemists and researchers to develop sanitiser. The laboratories are making the sanitiser by following the World Health Organisation (WHO) standards, ensuring the utmost safety and cleanliness. While it’s been already reported that the NZAS team has produced 103 litres of...
The US export of Aluminium Plates, Sheets, Bars, etc. to Mexico has remained sluggish as the export market reflected fall. The total export volume to Mexico during September’19 - December’19 stood at 106,000 tonnes and when the January’20 export volume added it stands at 132,100 tonnes. In September’19 the US export of Aluminium Plates, Sheets, Bars, etc. to Mexico was recorded at 29,000 tonnes, whereas in October’19 the export stood at 29,900, a growth by 3.10% and the M-o-M excess volume stood at 900 tonnes only. The US export of Aluminium Plates, Sheets, Bars, etc. towards Mexico during November’19 recorded a fall by 14.71%, as the total export volume stood at 25,400 tonnes and the M-o-M drop in volume stood at 4,400 tonnes. In December’19 the US export to Mexico saw a further drop by...
The US dollar declined on Tuesday as risk appetite returned to the market after the better-than-expected economic data from China dispelled some concerns about the coronavirus impact on the world’s second-largest economy. The dollar index, which tracks the greenback against a basket of other currencies, eased 0.63% and ended at 98.875. Three-month LME aluminium rebounded after the decline, closing up 2.09 per cent higher on the day at US$ 1,515 per tonne with short covering their positions. The most-traded SHFE contract has increased to a more than three-week high, with the trading range expected between RMB 11,600 per tonne and RMB 11,850 per tonne today. As of Tuesday, April 14, both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1456 per tonne, after...
The US dollar was roughly flat on Monday amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. LME was closed on April 13 on account of Easter Monday, and trades will resume on Tuesday. As of Thursday, April 9, LME aluminium cash (bid) price stands at US$ 1428.50per tonne, LME official settlement price stands at US$ 1428.50 per tonne; 3-months bid price stands at US$ 1467 per tonne, 3-months offer price is US$ 1467 per tonne; Dec 21 bid price stands at US$ 1603.50 per tonne, and Dec 21 offer price stands at US$ 1603.50 per tonne. The LME aluminium opening stock stood at 1239700 tonnes. Live Warrants totalled 1106850 tonnes, and Cancelled Warrants were 132850...
Aluminium is the world’s most widely used non-iron and non-steel metal and is the basic ingredient for a wide range of recyclable products. The latter includes beverage cans, construction materials and transport vehicles. Silvery-white in colour, pure aluminium is non-magnetic and is also notable for its low density, relatively lightweight and resistance to corrosion. The cheap electricity supply has been a cause for multiple American organizations to start aluminium production in Iceland, though the recent debate between Rio Tinto and Iceland’s National Power Company sends a tough message to the industry, as Rio Tinto considers suspending the production at its Straumsvík smelter in Iceland for two years. The suspension also includes the reason for COVID-19 epidemic that has reduced the...
According to a recent report, Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has bagged the 2020 Gold Medal Health and Safety Award from the Royal Society for the Prevention of Accidents (RoSPA) for the seventh year in a row. Alba is honoured with the recognition from RoSPA for its health and safety performance during January 01, 2019 to December 31, 2019. RoSPA is a British charity that works to prevent accidents in the UK and around the world. It works to stop the needless loss and devastation that accidents cause to individuals, families, communities, businesses, and society as a whole. On receiving the prestigious award from this organisation for seven times in a row, Alba’s Chief Executive Officer Ali Al Baqali said: “Alba is pleased to be...
The US dollar declined on Friday, April 13. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.05% to 99.495. The London Metal Exchange was closed on Friday for the Good Friday holiday. As of Thursday, April 9, LME aluminium cash (bid) price stands at US$ 1428.50per tonne, LME official settlement price stands at US$ 1428.50 per tonne; 3-months bid price stands at US$ 1467 per tonne, 3-months offer price is US$ 1467 per tonne; Dec 21 bid price stands at US$ 1603.50 per tonne, and Dec 21 offer price stands at US$ 1603.50 per tonne. The LME aluminium opening stock stood at 1239700 tonnes. Live Warrants totalled 1106850 tonnes, and Cancelled Warrants were 132850 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1477.84per tonne....
Shanghai Metals Market found a further decline in social inventories of primary aluminium ingots over the weekend ended Monday, April 13, bolstered by improved demand and reduced arrivals of stocks to warehouses. According to the SMM data, the inventories decreased 59,000 tonnes from last Thursday, April 9, across eight major consumption areas in China, including SHFE warrants, to stand at 1.548 million tonnes. From Tuesday, April 7, the primary aluminium stocks have reduced by 128,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: The primary aluminium inventories in Nanhai have decreased by 23,000 tonnes over the weekend to come in at 366,000 tonnes, while that in Wuxi and Gongyi by 18,000 tonnes and 17,000 tonnes to...
Rio Tinto’s Tiwai Point aluminium smelter near Bluff in Southland of New Zealand is one of the largest manufacturing facilities kept active amid COVID-19 epidemic lockdown. The major reason for keeping it active as it takes weeks for proper shutdown and again re-starting takes months. Tiwai point is considered as the biggest employer of Southland, though the plant’s long-term future remains uncertain. The smelter contributes around $400 million per year to the region’s economy, with 1000 staff and contractor working at the site and another 1300 jobs directly linked to the smelter. Graham Budd, Great South chief executive, said: "There wouldn't be anyone in Invercargill or Southland who doesn't know somebody directly or indirectly who would be affected. So that's a real wellbeing issue for...
Right from the aluminium raw material to the end-use sector, the effect of COVID19 pandemic is evident in every vertical of the industry. Unavailability of adequate labourers and transport disruption due to the worldwide lockdown is taking a constant toll on the aluminium industry, resulting in production cut at many smelters and semi-finished products plants. Therefore, the demand for the metal is drowning, and so the global benchmark prices of both aluminium and aluminium input costs. Let us here take a quick glance at how the COVID19 outbreak has created an impact on the aluminium industry in the last 10 days of the month. The Argentine giant Aluar Aluminio Argentino SAIC is reducing its output by an additional 25% at its Puerto Madryn plant in the south, in response to the indication...
The US dollar index slipped to a one week-low of 99.5. LME aluminium closed 1% higher overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium rallied in the North American trading session, recovering from earlier losses to finish the day 1.02% higher at US$1,484 per tonne. The contract increased 0.27% on the week. LME aluminium fell for 13 weeks in the past 15 weeks, according to Shanghai Metals Market. As of Thursday, April 9, LME aluminium cash (bid) price stands at US$ 1428.50per tonne, LME official settlement price stands at US$ 1428.50 per tonne; 3-months bid price stands at US$ 1467 per tonne, 3-months offer price is US$ 1467 per tonne; Dec 21 bid price stands at US$ 1603.50 per tonne, and Dec 21 offer price stands at US$ 1603.50 per tonne. The LME...
Metalex staffs are presently working overtime at its sites in Poole, Horsham, Birmingham, Chepstow and Milton Keynes to process the orders for aluminium plate and bar billets to be used in the rapid production of medical equipment. Paul Nicola, MD, said: "To date, we have supplied over 80 tonnes of the plate and bar to OEM's such as Penlon, Luxfer, Mclaren, Renishaw and a huge number of subcontractors who are working on this project, and have orders for a further 90 tonnes with more coming in every day.” "As the UK's largest independent distributor of aluminium plate and bar products we were ideally placed to assist in this work and have retained all of our staff whilst our competitors have been furloughing large numbers of theirs." The Metalex staffs have been following social distancing...
