Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
Aluminium eggshells take on space debris with nearly 65% impact reduction
Researchers at Dalian University of Technology in China have tested a spacecraft protection structure made from water-filled aluminium eggshells, with the design reducing the velocity of an impact projectile by nearly 65 per cent. The research, published in the Journal of Applied Physics , looked...
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AL Biz adds Henan Foshan Aluminum Technology to its list of 2100+ aluminium sellers
China-based Henan Foshan Aluminum Technology , one of the renowned manufacturers of aluminium coils, sheets, plates and circles, has been successfully registered under the world's first B2B platform with 2100+ aluminium suppliers/sellers. AL Biz is the world's first global marketplace, connecting...
China's Hongqiao Institute and RWTH Aachen University team up for advanced manufacturing solutions
The recent collaboration between China Hongqiao Lightweight Research Institute and the Institute of Metal Forming (IBF) at RWTH Aachen University in Germany signifies a significant stride in advancing mutual exchange and cooperation in cutting-edge manufacturing technology. During their visit to...
China’s alumina price further gains RMB2/t due to continued demand growth; A00 aluminium ingot price stands 2.56% higher M-o-M
China’s domestic alumina spot price has been rallying uninterruptedly since April 22 due to increased demand but limited supply because of production cuts at some refineries, especially in Henan, for insufficient availability of bauxite. Over the past weekend, the ore price has gained RMB 2 per...
China’s primary aluminium production grows 7.2% Y-o-Y in April’24 as investors bet on potential profit margin
According to the National Bureau of Statistics (NBS), China’s primary aluminium production rose 7.2 per cent from a year earlier, standing at 3.58 million tonnes. Aluminium price rally in China and across the globe drove the output hike during the said period. China’s average daily aluminium output...
ASI acknowledges INNOVATION New Material Technology Co., Ltd. with Performance Standard Certification
Aluminium Stewardship Initiative has reportedly recognised INNOVATION New Material Technology Co., Ltd. for its sustainable production process across its value chain by presenting the Performance Standard V3 (2022) Certification. The company has received certification for its Suzhou Chuangtai Alloy...
ABB expands footprint in China by acquiring Siemens’ wiring accessories division
In a strategic move to enhance its market footprint, on May 17, 2024, ABB announced the acquisition of Siemens' wiring accessories business in China. This acquisition is set to significantly broaden ABB's reach and strengthen its customer offerings in the smart buildings sector within the region....
LME aluminium benchmark price grows by US$9/t; SHFE aluminium price discards US$20/t
LME aluminium opened at US$2,596 per tonne in the previous trading day, with its low and high at US$2,563 per tonne and US$2,627 per tonne respectively before closing at US$2,588 per tonne, down 0.46 per cent. As per the London Metal Exchange market , on Thursday, May 16, the LME aluminium cash bid...
China’s A00 aluminium ingot price gains RMB40/t; Low carbon aluminium price grows to RMB 21653/t
On Friday, May 17, the A00 aluminium ingot price in China has gained RMB 40 per tonne to settle at RMB 20,720 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. On the same day, the average prices may orbit between RMB 20,700 per tonne...
Canada refuses to harbour Chinese aluminium and steel amidst impending US tariffs
In response to the United States' decision to hike tariffs on Chinese aluminium and steel, Canada has made a firm commitment to shield its market from becoming a secondary channel for diverted Chinese products. As the U.S. increases tariffs on specific Chinese imports to 25% from 7.5%, affecting...
Joe Biden boosts import tariffs on Chinese goods including aluminium to restore fair domestic market; Century Aluminum applauds decision
United States President Joe Biden has reportedly increased tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, aiming to protect American manufacturers from unfair trade practices and prices and paving the way for a more competitive domestic market. As per the...
China’s A00 aluminium ingot price drops by RMB40/t; Average alumina spot price gains RMB10/t
On Wednesday, May 15, China's A00 aluminium ingot price dropped by RMB 40 per tonne to settle at RMB 20,470 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices may orbit between RMB 20,450 per tonne...
LME aluminium price slumps by US$32.5/t due to unprecedented surge in stocks; SHFE dips by US$7/t
LME aluminum opened at US$2,548 per tonne in the previous trading day, with its low and high at US$2,519 per tonne and US$2,559 per tonnes, respectively, before closing at $2,549 per tonne, up 0.28 per cent. On Tuesday, May 14, LME aluminium cash bid price and LME aluminium official settlement...
China’s primary aluminium production in April 2024 improves Y-o-Y, accompanied by 1.24% increase in capacity
According to the Shanghai Metals Market survey, China’s primary aluminium production in April 2024 (30 calendar days) recorded a month-on-month decline of 1.13 per cent but a year-on-year increase of 4.93 per cent. As per the data revealed by SMM, China’s primary aluminium output in April was 3.515...
Chinalco Henan Luoyang Aluminum Foil Company workshop hits all time throughput peak in April
Under the careful guidance of the Party Committee of Chinalco Henan Luoyang Aluminum Foil Company, three workshops - the aluminium foil workshop, the finishing car workshop, and the three storage and transportation workshops, demonstrated remarkable execution. Throughout this period, they...
China’s alumina price maintains upward trajectory, up RMB13/t today; SMM A00 aluminium ingot price shrinks by 1.16% M-o-M
The alumina spot price in China has levitated by RMB 13 per tonne consecutively to officially close at RMB 3,704 per tonne. In Guangxi, the alumina price has earned RMB 20 per tonne, and in Shanxi, it has escalated by RMB 15 per tonne to respectively close at RMB 3,735 per tonne and RMB 3,745 per...
LME aluminium benchmark price dips to US$2510/t; SHFE price remains restrained at US$2837/t
LME aluminium opened at US$2,520.5 per tonne in the previous trading day, with its low and high at US$2,508 per tonne and US$2,556.5 per tonne respectively before closing at US$2,547.5 per tonne, up 1.07 per cent. On Monday, May 13, both LME aluminium cash bid price and LME aluminium official...
Shandong Hongqiao clinches the Top 100 spot for graduate employment opportunities in the region
The world's largest aluminium producer, China Hongqiao Group's subsidiary Shandong Hongqiao, has been recognised as one of the top 100 'most attractive' private enterprises for the employment of college graduates in the Shandong Province. The China-based company achieved this milestone through...
China’s alumina production upticks in April 2024 annually banking on operation resumption in Guizhou and Guangxi
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production in April 2024 amounted to 6.679 million tonnes, reflecting a month-on-month decline of 1.52 per cent from 6.782 million tonnes but a year-on-year increase of 2.2 per cent. However, it is to be noted that...
