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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The traditional "September peak season" revitalised demand for China's primary aluminium billets and boosted their operating performance, leading to a new high production volume for the year and historically. Despite fewer operating days in September compared to August, the domestic primary...
LB Aluminium Bhd (KL), headquartered in Malaysia, reported a significant surge in its first-quarter net profit, which doubled year-on-year. This was driven by stronger performances in its aluminium and property divisions. According to its filing with Bursa Malaysia, for the quarter ending July 31,...
With over four decades of experience, UAC is a leading global manufacturer and an integrated producer of structural components for the aerospace sector has successfully commissioned a new aluminium billet casting line in Satu Mare, Romania. This new plant enhances UAC's ability to produce...
According to a report on August 23, 2024, Vedanta Aluminium has appointed Fabio Roberto Martins as the new CEO of the aluminium billet division. Martins will lead the unit in the new role, focusing on production optimisation and efficiency. Under Martins' leadership, Vedanta Aluminium aspires to...
Exlabesa, an aluminium extrusion manufacturing company with the conviction of bringing imaginations to life, is reportedly expanding its recycling capacity to produce recycled aluminium billet at a plant in the province of A Coruña, Spain, installing technology once again supplied by Hertwich...
Marubeni has finalised the sale of Rio Tinto's low-carbon aluminium billets to Fuji Light Metal and FUJISASH Co., Ltd. (collectively known as the "Fujisash Group") as part of a strategic collaboration with the global mining group Rio Tinto. This marks the first sale of RenewAl™ low-carbon aluminium...
According to the Shanghai Metals Market survey, China’s social inventory of aluminium ingots increased by 8,000 tonnes week-on-week and 10,000 tonnes from July 15, reaching 797,000 tonnes on July 18, of which the amount for sale stood at 671,000. Following the restocking mid-week, the current...
According to the Shanghai Metals Market survey, aluminium billet inventories in China stood at 162,800 tonnes on Thursday, June 13, indicating a week-on-week decline of 3,600 tonnes. But on a year-on-year basis, the inventories rose 21,300 tonnes, standing at a high level for the same period in...
Vedanta Limited, an Indian multinational mining company, has increased its aluminium selling prices with effect from Friday, June 14, following a cut on June 12. This move is in line with the global aluminium benchmark price on the London Metal Exchange (LME), which escalated on June 13. With...
As technology advances rapidly, industries globally, including the aluminium industry, are undergoing significant transformations. Artificial Intelligence (AI) is an emerging technology and a game-changer for numerous sectors, including aluminium and the deep-down aluminium extrusion segment. AI's...
Hindalco Industries Limited reduced its aluminium prices for two days this week by INR 8,000 per tonne in response to the current downtrend of the LME aluminium benchmark price. During June 3-5, the global aluminium price on the London Metal Exchange contracted by US$48 per tonne or 1.83 per cent...
AL Circle: What role does Almex play in the aluminium industry? Ravi Tilak: We provide equipment and technology and complete solutions for making aerospace aluminium balloons. Our significant focus has been on aerospace aluminium, slabs, and billet casting. But it's not just related to casting. We...
Hindalco Industries Limited and Vedanta Limited have trimmed their aluminium ingot and aluminium product prices, with effect from May 3, 2024, following a plunge on the prior day by US$44.50 per tonne or 1.74 per cent. Hindalco has cut its aluminium ingot price by INR 2,500 per tonne or 1 per cent...
Emirates Global Aluminium, the world's largest 'premium aluminium' producer, today announced the completion of the acquisition of Leichtmetall Aluminium Giesserei Hannover GmbH. EGA announced its intention in March to acquire Leichtmetall from Leichtmetall Holding GmbH, a subsidiary of an...
In tandem with the LME aluminium price drop from where it began this week, National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices, with effect from Friday, April 26. NALCO has cut its aluminium ingot and aluminium product prices by INR 5,200 per...
In tandem with the enthusiastic buying and selling activities of the aluminium downstream processing enterprises since the beginning of March, owing to the arrival of the traditional peak season, aluminium ingot inventories showed signs of decline at the end of March, as was predicted by SMM...
Anil Agarwal-led Vedanta Limited, an Indian multinational mining company headquartered in Mumbai, published a fresh list of its aluminium selling prices, including aluminium billet and wire rod. Compared to the prices of the previous week, April 5, Vedanta’s aluminium prices rose by INR 1,750 per...
Hindalco Industries Limited has updated its aluminium selling prices on two consecutive days this week in line with the LME aluminium benchmark price. On Wednesday, March 27, Hindalco increased its aluminium prices as the LME aluminium price rallied by 1.29 per cent over the two days to US$2,275.50...
