Mexico-US trade talks, including discussions on aluminum tariffs , have been delayed, with the fourth round of negotiations now expected to take place in October. The delay comes as both countries manage busy diplomatic schedules. Luis Rosendo Gutierrez, Mexico’s deputy economy minister for foreign trade, said the delay stemmed from scheduling conflicts, including Chinese President Xi Jinping’s planned visit to the United States and the upcoming G20 summit. Although the formal talks have been postponed, technical discussions between Mexico and the US Trade Representative’s Office (USTR) are continuing on a “daily” basis, Gutierrez said. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036:...
SHFE aluminium closed at RMB 24,230 per tonne, edging up 0.02 per cent. The price was capped by MA5 (24,259) but remained above MA10 (24,207) and MA30 (24,088), with the mid-term bullish structure intact. On the MACD indicator, DIF stood at 92.18 and DEA at 118.60, forming a death cross above the zero axis, with the green bars expanding to -52.85, indicating strengthening bearish momentum. Trading volume expanded to 76,000 lots, reflecting widening bull-bear divergence. The core trading range for SHFE aluminium is suggested at 24,000-24,600. LME aluminium closed at USD 3,248.5 per tonne, edging down 0.05 per cent. The price broke below MA5 (3,264.1), MA10 (3,261.37), and MA30 (3,262.88), with short-term moving averages exerting pressure, though MA60 (3,227) still provided support. On the...
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According to Shanghai Metals Market, the social inventories of primary aluminium have extended decline over the weekend ended on September 9, as stocks in Gongyi, Henan have recorded a drop due to fewer arrivals. SMM data showed that the inventories across eight major Chinese consumption areas, including SHFE warrants, stood at 992,000 tonnes after declining by 14,000 tonnes from 1.006 million tonnes on Thursday, September 5. On last Monday, September 2, the inventories were at 1.016 million tonnes, which indicates that today the stocks have decreased by 24,000 tonnes week-on-week. The chart below represents the current status of primary aluminium inventories in China in more details: The above chart shows the primary aluminium inventories in Wuxi, Jiangsu have dropped by 8,000 tonnes to...
The US dollar was marginally lower on Friday against a basket of currencies, holding above a one-week low. Base metals ended mostly lower. LME aluminium lost 0.5% and SHFE aluminium dropped 0.4%. LME aluminium closed the week higher with the falling dollar. Three-month LME aluminium pulled back a bit after three consecutive trading days of increases, closing down 0.45% at US$1,783 per tonne overnight on Friday. With support from the 20-day moving average, it is likely to trade between US$1,770-1,800 per tonne today. As on September 6, Friday, LME aluminium cash (bid) price stood at US$ 1761per tonne, LME official settlement price stands at US$ 1761.50 per tonne; 3-months bid price stands at US$ 1787 per tonne, 3-months offer price is US$ 1787.50 per tonne; Dec 20 bid price stands at US$...
The Primary Aluminum industry is going through a rapid transition to a new digital age. Process productivity, focus on energy cost and product quality, and management of scrap are daily concerns within plant operations. Whilst this industry makes long-term investments in large assets, driving the importance of maximizing the return on investment by increasing the availability and reliability of the smelter assets, this has become a major focal point within the aluminium smelter. While there are many challenges in the industry, they are becoming surmountable, thanks to the recent technology developments evolving out of the so-called Fourth Industrial Revolution or Industrial Transformation: comprising amongst other technologies; powerful algorithms, machine learning, artificial...
Maximum plant efficiency through digitalization SMS group has elevated digital transformation to an entrepreneurial strategy as changing market conditions determine whether a company can be still successful in the future or not. Since then, the management structure, corporate divisions, the product range, and corporate culture have been under review for adapting to the new circumstances. This is where SMS digital was born: A company with a special background as SMS digital combines best of both worlds – 150 years of experience in metallurgical plant engineering and up-to-date technology and expertise in digitalization. As the digital subsidiary of SMS group, SMS digital develops innovative solutions with which it “digitalizes” the metal industry to go straight towards its vision of the...
We believe in a primary aluminium industry in which people do not have to be exposed to the dangers of high current, molten metal and corrosive dust for their everyday operations. And since aluminium plants are essentially a combination of logistical processes – related to anode transport, molten metal transport, bath transport and more – we believe that to achieve this vision, smelters have to come up with new approaches for their logistical processes. We call this smart logistics, and it is an implementation of Industry 4.0 technologies for existing smelters. The business case for smarter logistics is clear: not only can it help to make the processes safer and more reliable, but the financial impact is also significant. We estimated over 4.5 million USD yearly OPEX savings for a 600,000...
Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister in charge of Western Economic Diversification Canada, announced over US$4.9 million for 10 steel and aluminium companies across British Columbia, which are creating jobs and contributing to Canada’s economy. This funding is also provided under Regional Economic Growth through Innovation (REGI) Steel and Aluminum Initiative, announced in March 2019, which was designed to provide support to small and medium-sized businesses in the steel, aluminium, and manufacturing sectors in Canada. The non-repayable contributions can be used for enhancing productivity, adopting new innovative technologies in order to enhance productivity and create more skilled jobs. "Our government is supporting Canada's hard-working...
The US dollar continued to rise to a more than two-year high of 99.13 on expectations of an upcoming interest rate cut by the Federal Reserve. After holding it for two days, the dollar dropped 0.55% against a basket of major currencies, to 98.38, marking its biggest one-day loss in three months. The dollar held its earlier losses and helped base metals recover from the earlier losses. LME base metals recovered from the depressed trend over this week and SHFE aluminium continued to trade strong due to positive fundamentals. LME aluminium started the week with US$ 1716.5 per tonne and continued trading higher to close the week at US$ 1761.5 per tonne on Friday September 6. Three-month LME aluminium started the week at US$ US$ 1745.50 per tonne and ended it 2.4% higher at US$ 1787.50 per...
A00 aluminium ingot price continued to remain on an upward trend throughout the week. The week started higher at RMB14310 per tonne on Monday, 02 September 2019, up RMB20 per tonne from August 30. The price did not show any change on Thursday but ended the week higher at RMB14420 per tonne on Friday, 06 September 2019. Inventories of primary aluminium stocks in China fell this week for a second straight week, as most regions saw greater deliveries. As of Monday September 2, Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.016 million tonnes, down 17,000 tonnes from Thursday August 29. Primary aluminium inventories continued to decline to 1.006 million tonnes as of Thursday September...
STAS INC. and FOUNDRY ECOCER have signed a mutual agreement to market and sell complementary products in order to offer a competitive edge to aluminium foundries and casthouses world-wide. They expect this collaboration to further develop their market and improve their product and technologies. The two businesses are industry-leaders in aluminium casthouse and foundry technology and products. STAS INC. is based in Saguenay, Quebec, Canada and has been designing and supplying casthouse technologies and equipment since 1989 in order to improve productivity and quality of aluminium. FOUNDRY ECOCER stands as one of the major Italian companies for the production of consumables and equipment for non-ferrous alloys foundries and casthouses. Both offer services that are correlated to each other....
According to a Reuters report, one Japanese aluminium buyer has agreed to pay a global aluminium producer a premium of US$97 per tonne over the LME benchmark price for Q4 shipments (October to December), down 10% from Q3. This was confirmed by a source directly involved in price negotiations. It was reported that the aluminium producer had offered Japanese buyers a premium of US$110 per tonne for primary metal shipments for Q4. Buyers were negotiating for a lower premium considering abundant aluminium supply and falling demand in China. “We will ask for lower premiums, like between US$90 and US$100 per tonne, as there are abundant supplies and demand is softening in China and the rest of Asia, including Japan amid a slower economy,” a source at a trading house said after the offer. For...
After the successful launch of its first e-Magazine (“Aluminium LeaderSpeak 2019”: https://www.alcircle.com/emagazine/leaderspeak-2019-2 ), AlCircle team is now gearing to bring up to you another very futuristic theme e-Magazine on the topic “Aluminium Industry 4.0: Drivers & Change Makers” . The term "Industry 4.0" or the "Fourth Industrial Revolution" is a name given to the current systems and technologies for automation, artificial intelligence and data exchange in the manufacturing and industrial sector. It loosely refers to the concept of factories in which machines are augmented with wireless connectivity, sensors, and artificial intelligence and connected to a system that is able to make decisions on its own. A combination of digital and automation systems, the Internet of Things...
The US dollar held its earlier losses against a basket of currencies as payroll processor ADP said US private hiring came in stronger than expected in August, while it revised lower its job reading for July. Three-month LME aluminium closed higher for the third consecutive trading day as departing shorts send it 1.22% higher on the day at US$1,793 per tonne. LME aluminium is likely to trade between US$1,740-1,800 per tonne. As on September 5, Thursday, LME aluminium cash (bid) price stood at US$ 1753.50 per tonne, LME official settlement price stands at US$ 1754.50 per tonne; 3-months bid price stands at US$ 1777 per tonne, 3-months offer price is US$ 1778 per tonne; Dec 20 bid price stands at US$ 1852 per tonne, and Dec 20 offer price stands at US$ 1857 per tonne. The LME aluminium...
Fire erupted at the Rio Tinto Alcan’s ISL aluminium smelter in Straumsvík, Southwest Iceland at night on September 3. According to Bjarni Már Gylfason, PR person for Rio Tinto in Iceland, workers managed to extinguish the fire without much injuries and minor damages. The fire erupted mainly at the outdoor and the company said did not have a bearing on its closed potline. On Friday, August 30, two out of the 160 pots in its building number three were restarted, but they had been turned off for security reasons. The pots were closed since July 21, when an arc flash formed in one of them. The smelter's annual aluminium capacity is about 212,000 tonnes per annum and about a third of the smelter’s production takes place in building three. The restarting phase is likely to take several months....
United Steelworkers officials said that they would recommend their members to ratify a tentative agreement with Alcoa, announced on Friday, a press release from steelworkers said. “The proposed contract builds on decades of collective bargaining progress with hard-fought economic and non-economic improvements. Our members have earned and deserve fair wages, benefits and working conditions,” United Steelworkers District 7 Director Michael Millsap said in a statement. He was the chief negotiator from United Steelworkers in processing the agreement with Alcoa. The details of the tentative agreement will be released to the public only after the elected union representatives review it. Negotiating committee delegates would conduct membership meetings with their local unions to and arrange...
According to Shanghai Metals Market, the social inventories of primary aluminium have extended decline over the week ended on Thursday, September 5. SMM data shows the stocks across eight major consumption areas in China, including SHFE warrants, decreased by 27,000 tonnes for the second straight week to stand at 1.006 million tonnes. On last Thursday, August 29, the inventories had declined by 30,000 tonnes week-on-week to come in at 1.033 million tonnes. This indicates a lower decline today compared to the last Thursday. The chart below shows the current status of primary aluminium inventories in more details: So, as we can see that the inventories this week have dropped in almost all the major cities in China because of greater deliveries. Gongyi, Henan has seen the highest decline in...
The safe-haven US dollar fell against sterling yesterday. The dollar ended down 0.55% against a basket of major currencies, at 98.38, marking its biggest one-day loss in three months. Both LME and SHFE base metals rose across the board on a weaker US dollar. A lower US dollar boosted LME aluminium yesterday after a low phase. Three-month LME aluminium climbed to a high of US$1,779 per tonne and pulled back a bit to close at US$1,769.5 per tonne overnight, up 0.83% on the day. The news of fire eruption in the Rio Tinto Alcan aluminum smelter in Straumsvík, Southwest Iceland also boosted the aluminium prices. LME aluminium is likely to be trading between US$1,740-1,810 per tonne today. As on September 4, Wednesday, LME aluminium cash (bid) price stood at US$ 1734 per tonne, LME official...
NALCO has bagged Dun & Bradstreet PSU Awards 2019 under the category Best Export Performance. NALCO received the award from the Union Minister of Heavy Industries and Public Enterprises Shri Arvind Sawant at the PSU Award ceremony in New Delhi Dun & Bradstreet, one of the leading knowledge providers, recognised the stellar role played by NALCO among the public sector undertakings (PSUs) in the Indian economy as well as in the wider socio-economic development. NALCO’s export earnings stood at INR 4792.71 crore in 2018-19, the highest ever since inception. That registered a growth of 18% over the corresponding previous period of 2017-18. Department of Public Enterprises (DPE) has rated NALCO as the 3rd Highest ‘Net Foreign Exchange Earning CPSE’ in the Country. Indian analysts, market...
The US dollar barely changed against a basket of currencies, underpinned by safe-haven demand amid worries about US-China trade tensions and a chaotic British exit from the European Union. LME aluminium is seeing one of the lowest periods in last three years. Three-month LME aluminium continued its weak trends as it slipped to a record low around US$1,736.5 per tonne, before it regained some losses and finished lower on the day at US$1,752 per tonne. With pressure from the five-day moving average, it is expected to hover between US$1,730-1,780 per tonne today. As on September 3, Tuesday, LME aluminium cash (bid) price stood at US$ 1714 per tonne, LME official settlement price stands at US$ 1714.50 per tonne; 3-months bid price stands at US$ 1743 per tonne, 3-months offer price is US$...
