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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LME aluminium price marks upward swing of US$21/t; SHFE aluminium price loses US$16/t
LME aluminium opened at US$2,570 per tonne last Friday, with its low and high at US$2,517 per tonne and US$2,589.50 per tonne, respectively, before closing at US$2,520 per tonne, down 1.6 per cent. On Friday, May 10, both LME aluminium cash bid price and LME aluminium official settlement price...
China’s average alumina spot price opens the week with a growth of RMB13/t; A00 aluminium ingot price loses RMB110/t
On Monday, May 13, the average alumina spot price opened the week with a growth of RMB 13 per tonne to settle at RMB 3,691 per tonne. As per the SMM data, the alumina prices reflected a Y-o-Y surge of RMB 813 per tonne from RMB 2,888 per tonne recorded on May 12, 2023. Alumina prices region-wise...
China's exports surge, imports rally in April, marking economic rebound
In April'24, China rebounded in both exports and imports following a contraction in the previous month. This turnaround signals a positive uptick in domestic and international demand, which comes at a crucial time as Beijing grapples with various economic challenges. The data indicates that the...
Germany turns to the US as primary trade ally
According to Reuters' analysis of the German Federal Statistical Office data, the United States emerged as Germany's primary trading ally in the first quarter of 2024, surpassing China. From January to March'24, the total trade volume between Germany and the United States, encompassing both exports...
Torrential rainfall dampens China's green aluminium drive: Challenges amidst sustainable goals
In the verdant landscapes of China’s southwest, a grand quest to transform the aluminium industry into a flagbearer of sustainability encounters turbulent waters. Reuters reports on the challenges faced by major players like China Hongqiao Group amidst erratic rainfall, shifting capacities, and the...
China’s BNM technology launches the F316 Rectangular Peel-Off End with retortable aluminium foil
Chinese can manufacturer Bosun New Material & Technology Co (BNM) has unveiled what they claim to be the first rectangular peel-off end of its size, along with a peel-off end featuring a built-in straw insertion capability. The F316 rectangular peel-off end has been designed with either a...
Mexico withdraws recently imposed 20-35% aluminium tariffs claiming insufficient supplies
Mexico has reportedly lifted tariffs on aluminium imports from certain countries that do not have sufficient supplies. As per the report, Mexico has revoked a 35 per cent tariff on primary unalloyed aluminium and a 20 per cent tariff on primary alloy that were placed in late April to check imports...
SMM A00 aluminium ingot price adds RMB20/t today; China’s alumina spot price marks RMB20/t hike
According to the Shanghai Metals Market, the SMM A00 aluminium ingot price has scored RMB 20 per tonne to close at RMB 20,540 per tonne today, with the average prices hovering between RMB 20,520 per tonne and RMB 20,560 per tonne. The eight main provinces in China have more or less seen escalation...
German auto giants caution against EU tariffs on Chinese electric vehicles
On May 8, 2024, Reuters reported that top executives from BMW and Volkswagen cautioned against implementing EU import tariffs on Chinese manufacturers' electric vehicles. They argued that such measures could disrupt the European Union's Green Deal agenda and negatively impact automakers reliant on...
2023's top primary aluminium exporters: Leading nations revealed
The world primary aluminium market demonstrated a modest growth trajectory in 2023 despite a few challenges like geo-political crises, inflation, economic slowdown, and high rate of bank interest. Both production and consumption of primary aluminium grew hand-in-hand, reaching approximately 70.6...
Shandong Hongcan leads the way with innovative "One Mould Four Outputs" manufacturing solution
Shandong Hongcan Material Technology Co., Ltd., the subsidiary of China Hongqiao Group, one of the world's largest aluminium producers covering the entire aluminium industry chain, stands at the forefront of innovation and efficiency in China's manufacturing sector. This pioneering company is...
CBIC takes action: Anti-dumping duty levied on imported aluminium wheels from China
The Central Board of Indirect Taxes and Customs (CBIC) has levied anti-dumping duty on aluminium road wheels imported from China. This action follows a review initiated by the designated authority, as outlined in notification number 7/13/2023-DGTR dated 30th September 2023, published in the Gazette...
Chinese subsidies decimating U.S. aluminium production, Brook Massey warns
China and other nations' concerted efforts to undermine American industries are widespread and widely acknowledged. Now, they have set their sights on a new target in Georgia: manufacturers specialising in extruded aluminium. This perspective comes from Brook Massey, President of MI Metals, Inc. in...
China’s average alumina spot price marks a Y-o-Y surge of 26.44%; A00 aluminium ingot price gains RMB190/t
China’s average alumina spot price has marked a Y-o-Y growth of RMB 765 per tonne or 26.44 per cent from RMB 2,893 recorded on May 9, 2023. As of today, the price has expanded by RMB 30 per tonne to clock at RMB 3,658 per tonne. The alumina prices have shown diverse changes across all the...
China’s aluminium ingot and billet inventories see an uptick during the Labour Day holiday
On Monday, May 6, the Shanghai Metals Market survey found the social inventories of aluminium ingot in China’s eight major consumption areas totalled 794,000 tonnes after the outflows of 88,400 tonnes, down by 29,400 tonnes week-on-week. The stocks in warehouses on May 6 were 3,000 tonnes higher...
Chinese researchers produce extreme heat resistant aluminium alloy for aerospace engineering
Chinese scientists have pioneered a superlative aluminium alloy capable of withstanding extreme temperatures, heralding a new era in aerospace engineering. This remarkable achievement addresses a longstanding challenge, expanding the operational range of aluminium alloys to unprecedented heights....
Mayor Zhang Guangyong commends Chinalco Group's vital role in Luliang's development
On April 22, Mayor Zhang Guangyong of Luliang convened a working meeting with Dong Jianxiong, the Deputy General Manager of Chinalco Group and Chairman of Chinalco Shares. Expressing gratitude on behalf of the municipal Party Committee and government, Mayor Zhang Guangyong acknowledged Chinalco...
China’s alumina spot price marks continuous hike, up RMB62/t today; SMM A00 aluminium price loses RMB240/t with 1.09% M-o-M growth
The alumina spot price in China has levitated by RMB 62 per tonne mid-week to close at RMB 3,628 per tonne. China’s alumina spot price is following an upward stride with consecutive expansions of RMB 50 per tonne and RMB 65 per tonne, with the market opening after the Labour Day Holiday observed...
