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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China-based Hengkang Aluminum bags the ‘Technological Transformation Award’ 2023
At the 2023 annual Advanced Collective and Outstanding Individual Recognition Conference held in the Shanzhou District of Sanmenxia City, Henan, Henkang Aluminum Co., LTD. (referred to as "Hengkang Aluminum") was honoured with the "Technological Transformation Award" and the "Tax Contribution...
China’s alumina price loses 0.5% since March 1, with a drop of RMB3/t today; A00 aluminium ingot price discards RMB90/t
According to the Shanghai Metals Market survey, China’s average alumina spot price has continued to decline since the beginning of March and today marks the fourth consecutive day. As per SMM data, the alumina price has experienced a drop of RMB 3 per tonne on Wednesday, March 6, to stand at RMB...
LME aluminium benchmark price ascends to US$2,191.5/t; SHFE price loses US$11/t
LME aluminium opened at US$2,237 per tonne yesterday, with its high and low at US$2,241.5 per tonne and US$2,223 per tonne, respectively, before closing at US$2,226.5 per tonne, down US$7.5 per tonne or 0.34 per cent. On Tuesday, March 5, both LME aluminium cash bid price and LME aluminium official...
Huaihua City launches two new aluminium-related projects
In the initial quarter of 2024, Huaihua initiated 65 significant projects, amounting to a total investment of RMB 15.484 billion. These projects are part of an annual planned investment totalling RMB 7.8 billion, showcasing a substantial commitment to development and growth in the region. The...
China’s alumina output depletes 6.8% in Feb’24 due to weaker operating rates in Henan, Guizhou & Guangxi
According to the Shanghai Metals Market, China’s metallurgical-grade alumina production in February 2024 (29 calendar days) amounted to 6.262 million tonnes, experiencing a 6.8 per cent fall from 6.72 million tonnes in January (31 days). But on a year-on-year basis, the output increased by 2.4 per...
Average alumina spot price in China declines by RMB7/t; A00 aluminium ingot price grows to RMB19,030/t
On Tuesday, March 5, China's average alumina spot price declined by RMB 7 per tonne to arrive at RMB 3,335 per tonne. As per the SMM data, the prices in Bayuquan, Henan and Lianyungang have plunged by RMB 30 per tonne, RMB 15 per tonne and RMB 10 per tonne to arrive at RMB 3,260 per tonne, RMB...
China’s alumina price continues declining by RMB6/t, impacting aluminium ingot price; Aluminium fluoride price tumbles RMB200/t
According to the Shanghai Metals Market survey, the average aluminium spot price in China has further decreased over the weekend by RMB 6 per tonne to start the week at RMB 3,342 per tonne, as of Monday, March 4. In Shandong and Shanxi, the alumina spot price has declined by RMB 10 per tonne to...
Downstream weekly recap: Capral Aluminium Chairman to retire in May; UK TRA reconsiders anti-dumping duties on Chinese aluminium extrusions
The downstream aluminium industry has created many notable headlines this week, from the retirement news of Capral Aluminium Chairman Rex Wood-Ward to UK TRA's reconsideration of anti-dumping duties on Chinese aluminium extrusions to many more. According to a report on February 28, Capral Aluminium...
Key highlights from the global aluminium industry, February 2024
As forecasted by several research-based organisations prior to the onset of 2024, the projections regarding the demand and pricing of aluminium align with reality. Despite the passage of the first two months of the year, indications of improvement remain minimal. According to the latest...
Prices of China alumina are set to rise
Demand for alumina from China is rising strongly, opening the door for international producers and traders to make some increased profits. The combination of restrictions on bauxite mining leading to cuts at refineries, winter snow storms blocking logistics, and healthy demand for the key material...
India counters China's electronics export dominance in some key markets, study finds
A recent study reveals that India is gradually challenging China's supremacy in electronics exports in certain crucial markets. This shift comes as manufacturers seek to diversify their supply chains away from China to other regions across Asia. The escalating geopolitical tensions between the UK,...
NPC Deputy advocates for increased recycled aluminium usage to boost sustainability within the industry
"The economic and social benefits of recycled aluminum are significant," said Li Xiehua, a deputy to the 14th National People's Congress (NPC) and Deputy Party Secretary and General Manager of Chinalco Advanced Manufacturing Co., Ltd. The company is lauded for its significant contributions to the...
ASI awards Kobelco Group with Performance Standard Certification for making aluminium automotive rolled products
Aluminium Stewardship Initiative has certified Kobe Steel, Ltd. against Performance Standard V3 (2022) Certification for its subsidiary Kobelco Group’s facility Kobelco Automotive Aluminum Rolled Products (China) Co., Ltd., in Tianjin, China. The facility manufactures and supplies Series 5000 and...
Top 5 alumina producers that keep the China market ahead
China is the highest alumina producer, contributing around 58 per cent of the world’s output. According to the International Aluminium Institute survey, China produced 82.27 million tonnes of alumina in 2023, up by 3.15 per cent from 79.76 million tonnes in 2022. With this annual hike, China’s 2023...
China-based Zhongchuang Co., Ltd. forges 10 tonnes of super wide and thick aluminium alloy plate
China-based Zhongchuang Co., Ltd. achieved a significant milestone by creating a domestically leading 10-tonne-class hard aluminium alloy ultra-thick plate, boasting its most comprehensive and highest strength. This forged plate, with dimensions of 4215x3040x270mm, underwent four consecutive...
Aluminium prices expected to remain under pressure in 2024, analysts warn
Aluminium prices have not shown any improvement, as expected, during the beginning of the year compared to 2023. Analysts from AL Circle have already stated the global aluminium market in H1 2024 is anticipated to mirror 2023. This is primarily due to a slowdown within the Chinese economy, notably...
China’s A00 aluminium ingot price gains RMB70/t to RMB18,860/t; Low carbon aluminium price adds RMB33/t
On Thursday, February 29, China’s A00 aluminium ingot price hiked by RMB 70 per tonne to settle at RMB 18,860 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. The average price for the same is expected to orbit...
World alumina production welcomes 2024 with an annual hike of 3.9%
World alumina production welcomed 2024 with a slight month-on-month dip of 0.22 per cent but a year-on-year rise of 3.9 per cent, found the International Aluminium Institute. According to the data revealed, world alumina production in January stood at 12.052 million tonnes compared to 12.078...
