Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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RevoCast is set to build a state-of-the-art aluminium remelting facility in Langley, British Columbia, Canada, covering an area of approximately 11,148 m². Designed with sustainability at its core, the facility will operate using high recycled content and advanced technology to recycle and remelt a...
On April 30, SMM A00 aluminium was quoted at RMB 20,060 per tonne, up RMB 40 per tonne from the previous trading day, with a discount of RMB 10 per tonne against the May contract, down RMB 10 per tonne from the previous trading day. On April 30, SMM A00 aluminium (Foshan) was quoted at RMB 19,980...
On the previous trading day's night session, the most-traded SHFE aluminium 2506 contract opened at RMB 19,950 per tonne, with a high of RMB 19,995 per tonne, a low of RMB 19,920 per tonne, and closed at RMB 19,970 per tonne, down RMB 60 per tonne or 0.30 per cent from the previous close. LME...
Fábio Martins is the CEO of Billets at Vedanta Aluminium, India’s largest aluminium producer and a key player in the global metals sector. With over 25 years of experience in operations, sales, and strategic management across the aluminium value chain, Fábio brings deep industry expertise and a...
On April 24, SMM A00 aluminium was quoted at RMB 19,980 per tonne, up RMB 70 per tonne from the previous trading day, with a premium of RMB 10 per tonne against the May contract, down RMB 10 per tonne from the previous trading day. On April 24, SMM A00 aluminium (Foshan) was quoted at RMB 19,930...
Ohio-based aluminium billet and slab manufacturer Matalco Inc. is set to shut down its Canton, Ohio, facility this summer. This announcement is expected to impact the life of 71 employees, with layoffs beginning on June 6 and continuing over a period of up to 90 days. The company produces the...
Century Aluminum, a global primary aluminium producer with operations in the United States and Iceland, has upgraded its aluminium casting equipment at its smelting plant in South Carolina. The plant boasts casting equipment capable of processing approximately 230,000 tonnes of aluminium annually,...
Mohan Agarwal, Managing Director, founded CMR Green Technologies in 2006 with a single plant. Today, the company has grown to 12 plants across India. CMR is a pioneer in the industry to scale up, and over the past few years, it has expanded its metal recycling capacity to over 418,000 tonnes per...
On February 13, SMM A00 aluminium closed at RMB 20,510 per tonne, down RMB 30 per tonne, with a discount of RMB 30 per tonne against the February contract flat. The Henan-Shanghai price spread was RMB 140 per tonne, up RMB 10 per tonne. SMM Central China closed at RMB 20,370 per tonne, down RMB 20...
According to SMM statistics, as of February 13, 2025, the social inventory of aluminium billets in China stood at 300,400 tonnes, an increase of 25,500 tonnes (9.3 per cent) compared to the first day after the holiday (February 5) and an increase of 76,900 tonnes compared to pre-holiday levels...
European aluminium billet market is beginning its new calendar year, keeping a cautious look over its shoulder, as demand remains sluggish amid hidebound buying practices, while production cuts intend to leave the supply chain vulnerable to sudden fluctuations. Platts, part of S&P Global Commodity...
At the start of the new year, apt Group launched a new billet oven with preheating capabilities for the extrusion line P35 at its Monheim location . Despite the challenging market conditions, the apt Group has used this economically demanding time to implement comprehensive modernisation measures...
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside of oil and gas and the world’s leading producer of premium aluminium, has announced the completion of civil works for the expansion project at its U.S. recycling subsidiary, Spectro Alloys. Source- EGA webiste...
According to a report on Friday, January 10, a key partnership agreement is signed between National Aluminium Products Company (NAPCO) and Oman Aluminium Cast Company at Knowledge Oasis Muscat to advance Madayn’s overarching goal of enhancing the market of local resources and supporting indigenous...
In a recent press release, Black Diamond, a renowned manufacturer of equipment for skiing, climbing, and mountain sports based in Utah, United States, reported that UL Solutions backed its proprietary BD7075 aluminium alloy billet through UL Environmental Claim Validation Procedure for Recycled...
In November 2024, just ahead of the cancellation of the aluminium semis export tax rebate on December 1, overseas orders for Chinese extruded aluminium products surged, driving some billet enterprises to increase operations. Therefore, despite one less operating day in November than October,...
China's primary aluminium billet output in October 2024 retreated from its previous month's high as many billet manufacturers reduced their production pace due to several unfavourable factors like high selling prices, lower processing fees, and sluggish downstream demand. Usually, October is a...
The Aluminium Company of Egypt (Egyptalum) has achieved ASI Performance Standard V3 (2022) Certification for its production and supply of primary aluminium products. This certification encompasses a range of products, including ingots, wire rods, billets, T-bars, slabs, primary foundry alloys,...
