The most-traded SHFE aluminium contract did not trade during the night session of September 24 and the daytime session of September 25. On September 24, the daytime session opened at RMB 24,230 per tonne, reached a high of RMB 24,265 per tonne and a low of RMB 24,175 per tonne, and closed at RMB 24,200 per tonne, down RMB 30 per tonne or 0.12 per cent from the previous close. Futures consolidated at highs before pulling back, with prices falling below the 5-day moving average while remaining above the 20/40/60-period moving averages. Medium and long-term moving averages maintained an upward pattern. Trading volume during the session was 98,900 lots, and open interest stood at 281,000 lots, down 8,300 lots, driven mainly by bulls closing positions. On the technical front, a death cross...
LME aluminium prices moved higher across cash and forward contracts on September 25, while the Asian Reference Price and alumina Platts price also increased. Opening stocks remained unchanged, while cancelled warrants rose sharply. The LME aluminium cash bid price rose 0.80 per cent to USD 3,253 per tonne on September 25 from USD 3,227 per tonne on September 24 . The cash offer price showed a similar trend. It also increased 0.80 per cent to USD 3,254 per tonne from USD 3,228 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " The three-month aluminium bid price rose 0.40 per cent to USD 3,265 per tonne from USD 3,252 per tonne, while the...
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<p>Aluminium China 2016, held in Shanghai on July 12th-14th, was a major success. The professional sourcing and networking platform with the most comprehensive coverage of the Asia market attracted 19,530 visitors and buyers from 75 countries and regions all over the world to a compelling line-up of events that lasted three days at a stretch. The top five ex-China countries which had maximum representation at the event were South Korea, India, Japan, Thailand, and Taiwan. <br /><br />There were participation from the Metal Materials and Processing Industry (covering bauxite, alumina, & aluminium powder till aluminium extruded sections) as well as Aluminium Deep Processing and Downstream Application Companies (including automotive part and vehicle manufacturing, packaging,...
<p>Continuing for the third straight day, aluminium prices eased further by 0.21 per cent to INR 117.30 per kg in futures trade today as participants engaged in trimming their positions, tracking a weak trend at spot market on subdued demand from consuming industries. <br /><br />At the Multi Commodity Exchange, aluminium for delivery in December shed 25 paise, or 0.21 per cent, to INR 117.30 per kg, in a business turnover of 56 lots.<br /><br /><br /><br />Similarly, the metal for delivery in January traded lower by a similar margin to INR 116.85 per kg in one lot. <br /><br />Market analysts said that offloading of positions by traders, tracking a weak trend at the spot markets due to muted demand from consuming industries, mainly kept aluminium prices lower at futures trade.</p>
<p>Australia's 300,000-tonnes-per-year Portland aluminium smelter is operating at below a third of its capacity after power to the plant was temporarily knocked out three weeks ago, operator Alcoa Corp said on Wednesday.</p> <p>The smelter was hit when a power interconnector between the states of Victoria and South Australia went down, cutting power to both of the plant's potlines, and raising questions about its long-term future.</p> <p>"The smelter has been operating at less than 30 percent capacity since a fault on the Victorian transmission network on Dec. 1 caused a more than five-hour power outage at the plant," Alcoa said in a statement.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>The premiums that Japanese buyers pay for aluminium are projected to stay between $80 and $140 a tonne next year, with a gradual rise later in the year on the back of healthy global demand, Japanese trading house Marubeni said on Wednesday.</p> <p>Japan is Asia's top aluminium importer and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.</p> <p>"Japanese premiums will likely increase in the April-June quarter next year, possibly to around $100 a tonne, helped by seasonal demand," Hideya Kitamura, general manager at Marubeni's light metals section, told reporters on Wednesday.</p> <p>"And they may further climb later in the year as the economies in the US, Europe and China are...
<p>LME aluminium price improved on Wednesday's night trading to close at US$1,730.5 per tonne, up 0.46 per cent from the previous day. The contract is predicted to move in the range of US$1,720-1,735 per tonne on Thursday, December 22. However, Shanghai Metals Market analysts say due to significant capital withdrawal prior to Christmas, positions will reduce sharply and a weak tone would prevail in the base metals market including aluminium. <br /><br />As on December 21, LME official CASH Buyer price of aluminium is US$1730 per tonne, CASH Seller & Settlement price is US$1730.5 per tonne, 3M Buyer price is US$1720 pe tonne, 3M Seller price is US$1721 per tonne, DEC1 Buyer price is US$1733 per tonne, and DEC1 Seller price is US$1738 per tonne. LME official Opening Stock of aluminium...
<p>Aluminium prices in India kept falling for the second consecutive day with the contract closing at INR 117.35 per kg in futures on Wednesday, down 0.17 per cent from the previous day. The traders in the domestic market engaged themselves in reducing their positions as demand shrank in the spot market.</p> <p>At Mumbai's Multi Commodity Exchange, price of aluminium for December delivery declined by 0.17 per cent to stand at INR 117.35 per kg in business turnover of 153 lots.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/MCX.jpg" alt="News" width="444" height="329" /></p> <p>Likewise, aluminium for January 2017 delivery was down by 0.13 per cent to stand at INR 117 per kg in business turnover...
<p>A source from NFC, China's Nonferrous Metal Industry's Foreign Engineering and Construction Company (NFC) , has reported to media that company plans to transfer its latest technologies for the production of aluminium ingot to Iran.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/alumi3%20H.jpg" alt="News" width="517" height="226" /><br />According to a statement given by deputy head of NFC Qin Junman to an Iran Daily News, based on china’s recent progress in the mining sector, the company plans to transfer its latest technology on aluminium smelters to Iran. In view of Junman, Iranian smelters can reduce energy consumption to its lowest by using this latest ingot...
<p>The downward slide in LME aluminium came to a halt on Tuesday's night trading as the contract closed at US$1722 per tonne showing limited strength at 0.29 per cent higher closing price than the previous day. The market stabilized as aluminium met resistance from the moving averages. According to Shanghai Metals Market forecast, the commodity will likely diverge widely on Wednesday, December 21. <br /><br />As on December 20, LME Official CASH Buyer price of aluminium stands at US$1722 per tonne, CASH Seller & Settlement price is US$1722.5 per tonne, 3M Buyer price of aluminium is US$1715 per tonne, 3M Seller price is US$1715.5 per tonne, DEC1 Buyer price is US$1727 per tonne and DEC1 Seller price is US$1732 per tonne. LME official Opening Stock of the metal stands at 2112275...
<p>Following a sharp fall in the first week of December, the aluminium futures contract on the Multi Commodity Exchange (MCX) found support at around INR115 per kg and started the move sideways. Last couple of weeks, the contract has been moving sideways in a narrow range.<br /><br />On Friday, the contract fell 1.3 per cent, encountering a key resistance at INR118.5. With this fall, the contract has retained its sideways movement in the band between INR115 and INR118.5. Experiencing selling pressure, the contract continued to decline and fell 0.6 per cent to trade at INR116.3 on Monday.<br /><br /><br /><br />A decisive downward breakthrough of the sideways range will reinforce the short-term downtrend and drag the contract down to INR113 in the coming weeks. Further slump below INR113...
<p>Metals and mining giant Vedanta is planning to revisit its cost structure keeping it optimally below $1,400 per tonne in the wake of lower costs of alumina and coal. The aluminium producer said its estimated aluminium-making cost for the September quarter stood at $1,473 per tonne, while its overall cost of production declined to $1,462 per tonne. The shrinkage in aluminium-making cost was attributed by Vedanta to the lowering alumina and coal costs.<br /><br />Vedanta is also going to be benefitted from using cheaper electricity from its own sources. The state-owned power regulator Odisha Electricity Regulatory Commission gave the aluminium producer permission to draw up to 1,800 Mw of power from its 2,400 Mw power station at Bhurkamunda, located strategically close to its smelting...
<p>LME aluminium is back to where it was a fortnight back plummeting at US$1,717 per tonne on Monday, December 19. The contract slid with rising positions and tested the 60-day moving average. Shanghai Metals Market says, LME aluminium will move at the range of US$1,700-1,720 per tonne on Tuesday, December 20. <br /><br />As on December 19, LME official CASH Buyer price of aluminium stands at US$1716.5 per tonne, CASH Seller & Settlement price is US$1717 per tonne, 3M Buyer price is US$1711 per tonne, and 3M Seller price is US$1712 per tonne. LME official Opening Stock of aluminium is estimated at 2117500 tonnes, total Live Warrants is 1448125 tonnes, and Cancelled Warrant is 664150 tonne. <br /><br />The global metal exchange and LME Clear announced yesterday their 2017 fee...
<p>The London Metal Exchange (LME) and LME Clear today announced their 2017 fee schedules. Trading and clearing fees will remain unchanged, including the continuation of fee discounts for short-dated carries and position transfer caps as announced in August 2016. In addition, LME Clear will reduce fees for key services introduced in 2015 and the LME will introduce a waiver for the base metals usage licence fee for physical market participants.<br /><br />LME Clear will implement a fee reduction for its warrants as collateral and compression services.<br /><br />“Following discussions with our membership and in line with the recent rebalancing of Exchange fees that took effect on 1 September, LME Clear is pleased to announce this significant reduction in charges for its trade...
<p>LME aluminium prices have been falling since last week Tuesday after trading at US$1,762 per tonne last Monday. The contract struggled within the range of $1,730-1,750 per tonne as the US dollar index rose higher. LME aluminium closed at US$1,732 per tonne on Friday, December 15. <br /><br />In China, aluminium traded on Shanghai Futures Exhange, SHFE 1702 aluminium, also hovered around 13,000 yuan per tonne last week. Shanghai Metals Market analysis states, “This week, LME aluminium, to be negatively affected by SHFE aluminium, is expected to $1,700-1,750 per tonne, and price struggles on the SHFE will be intense, with price range between 12,800-13,150 yuan per tonne."<br /><br />LME aluminium will range between US$1,702-1,725 per tonne with negative sentiment on Monday,...
<p>Paul Steinhardt of Princeton University and Luca Bindi of the University of Florence have discovered an entirely unique type of naturally-existing material called the quasicrystal in a meteorite found in Khatyrka region of Russia.<br /><br />Quasicrystal consists of an entirely unique atomic structure that combines the symmetrical properties of a crystal and the chaos of an amorphous solid. These crystals aren't just incredible because of how rare they are - their atomic structure of aluminium, copper and iron is so peculiar that their existence was dismissed as "impossible".<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" title="aluminium" src="http://www.alcircle.com/uploads/images/QUASI%20CRYSTAL.jpg" alt="News" width="517"...
<p>State-run generation utility NTPC and aluminium giant National Aluminium Co. Ltd ( NALCO) entered into an agreement to jointly set up a 2.4 giga watt(GW) power plant and one million tonne aluminium production facility in Odisha’s Dhenkanal district, Gajmara. The total investment estimated at INR 36,000 crore, the companies said in a statement. The proposed power plant comprises of three units of 800 MW each.<br /><br />Nalco chairman and MD Tapan Kumar Chand said construction of the power plants and the aluminium production unit to complete in four years.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/power-plant.jpg" alt="News" width="517" height="226" /><br />Power...
<p>After China it is the Middle East which is experiencing phenomenal growth in aluminium. Higher energy and labour costs in North America and Europe have caused the production base for aluminium to China and the GCC countries. Bahrain is a small island country which has changed the economy over the years by slowly shifting to aluminium as one of the major economic drivers. Aluminium Bahrain( ALBA) is one of the largest aluminium smelters in the world known for its technological strength and high quality aluminium and solely account for the aluminium production in Bahrain. Alba began operations in 1971 with annual capacity of just 120,000 mtpa as the first aluminium smelter in the Middle East, and the first non-oil industry established in Bahrain.</p> <p>{newsStudioGallery}<br /> <br...
<p>European Aluminium welcomes the European Parliament’s intention to improve compensation for indirect carbon costs through a hybrid model in today’s ETS vote. However, we regret the decision to further reduce the maximum national compensation levels allowed, since this will seriously threaten the global competitiveness of sustainable smelters in Europe.<br /><br />Today, the Environment Committee (ENVI) in the European Parliament adopted a compromise text on the Emissions Trading System (ETS). European Aluminium supports the constructive approach by rapporteur MEP Ian Duncan and the creation of a hybrid model to compensate indirect carbon costs across the European Union. This new model aims to move from an unpredictable national-driven compensation system to a more...
<p>From its inception in 1979, Emirates Global Aluminium (“EGA”) has been committed to continuous innovation in the aluminium smelting process with the aim of increasing productivity, while simultaneously reducing its operations’ impact on the environment through improved energy-efficiency and reduced emission levels. Substantial investments in ongoing research and development work have yielded advanced, high amperage reduction cell technologies that consume less energy while producing more metal; numerous innovative inventions that have improved productivity, safety, environmental performance and more; and a wealth of technology development experience that spawns new thinking and even enables effective retrofitting of modern technologies.</p> <p><img...
