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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Major milestone: Southwest Aluminum's furnace upgrade cuts natural gas usage by over 20%
To comply with the national energy-saving policy and advance Chinalco Group's "double carbon" agenda, Southwest Aluminum and Chinalco Environmental Protection and Energy Conservation Technology (Hunan) have recently achieved the energy-saving refurbishment of their smelting furnace. This move...
ASI accredits Kam Kiu’s aluminium extrusion facility in Taishan City with the CoC Standard V2 certification
Kam Kiu Aluminium Products Group's extrusion facility at Taishan City has achieved ASI Chain of Custody (CoC) Standard V2 (2022) Certification. Located in the Shiqiao Industrial Zone of Dajiang Country, Taishan City, the facility specializes in producing aluminium profiles tailored for door and...
UK TRA is reassessing its original anti-dumping duties on Chinese aluminium extrusions
On Tuesday, February 27, The UK Trade Remedies Authority announced that it reconsidered decisions concerning anti-dumping measures on aluminium extrusion imports from China. Of the two decisions, one is related to the recommendation of anti-dumping measures on certain Chinese aluminium extrusions,...
China’s A00 aluminium ingot price loses RMB20/t after an intermittent rise; Input costs display no change
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has dropped by RMB 20 per tonne, following an intermittent rise of RMB 110 per tonne the previous day. Thus, on Wednesday, February 28, the A00 aluminium ingot price has come in at RMB 18,790 per tonne, with...
China's aluminium consumption to experience modest growth in 2024, Antaike reports
On February 27, 2024, the China state-backed research institution Antaike reported that China's aluminium consumption is projected to experience a slower growth rate this year. Specifically, construction sector demand has decreased due to troubled property markets. Let us know about Antaike Founded...
Xinfa Aluminum’s ‘Transit Rail’ initiative gains momentum for greener tomorrow
On February 6, the Jinan Bureau of China Railway took a significant step towards enhancing the efficiency of logistics operations and promoting sustainable development by signing the 2024 railway logistics general contract service agreement with Xinfa Group. Shandong Xinfa Aluminum Co., Ltd....
Japan-China steel giants team up for automotive aluminium venture
Two prominent East Asian nations, the world's top economies, are leading in the steel industry. Now, from the cross border, two steel giants are poised to make significant investments in the aluminium sector. Kobe Steel, the third-largest steelmaker in Japan, and China Baowu Steel Group, a global...
LME aluminium price hits a one-month low on inventory surge in Shanghai; SHFE price gains US$14/t
On Monday, February 26, LME aluminium opened at US$2,182 per tonne, with its high and low at US$2,195 per tonne and US$2,175 per tonne, respectively, before closing at US$2,182 per tonne, down 0.09 per cent. According to the LME data, LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price gains RMB110/t to RMB 18,810/t; Alumina price loses RMB1/t
On Tuesday, February 27, China’s A00 aluminium ingot price ascended by RMB110 per tonne to settle at RMB 18,810 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 per tonne to RMB 10 per tonne. The average prices are expected to stand between RMB 18,790 per...
Eighth entrepreneur meeting and aluminium ingot trade symposium organised in Guangyuan City
On February 20, He Shuping, secretary of the Guangyuan Municipal Party Committee, chaired the eighth meeting of entrepreneurs in Guangyuan City along with the Forum on aluminium ingot trade. During this session, he engaged in direct discussions with entrepreneurs and representatives from banking...
China’s A00 aluminium ingot price dumps RMB170/t over the weekend, standing at 2.2% lower M-o-M
On Monday, February 26, China’s domestic A00 aluminium ingot price shed off RMB 170 per tonne over the weekend to reach RMB 18,700 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,680 per tonne and RMB 18,720 per tonne, with a spot contract...
Lizhong Group's 2023 net profit soars by 22.35% Y-o-Y, setting new records
In 2023, Lizhong Group achieved significant financial milestones, with total revenue of RMB 2,367.9 million, marking a notable increase of 10.80 per cent over the previous year. The net profit attributable to shareholders of listed companies, excluding equity incentive expenses, stood at RMB 710.45...
China’s A00 aluminium ingot price hikes by RMB140/t to RMB18,870/t; Alumina price loses RMB2/t
On Friday, February 23, China’s A00 aluminium ingot price gained RMB 140 per tonne to settle at RMB 18,870 per tonne, with the average prices between RMB 18,850 per tonne and RMB 18,890 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per...
Yokohama cracks down on counterfeit aluminium wheels in China
The industry leader in tyre technology and innovation globally, Yokohama, lodged an administrative complaint and provided details to the Administration for Market Regulation in Foshan, Shenzhen, and Guangzhou, located in Guangdong Province. The complaint pertained to six companies involved in...
China-Singapore Base sends off its first big consignment carrying aluminium coils
On February 22, the first big export consignment, consisting of aluminium coils from Southwest Aluminium (Group) Co., Ltd., reportedly embarked on a journey from the China-Singapore (Chongqing) Multimodal Transport Demonstration Base to the Port of Manzanillo in Mexico. The consignment comprised 31...
January 2024: World’s both monthly and daily primary aluminium production records an upswing of 2.36%
World primary aluminium production started 2024 with an annual rise of 2.36 per cent, reaching 6.039 million tonnes during January, according to the International Aluminium Institute survey. On a month-on-month basis, the output remained restrained compared to 6.042 million tonnes. The world's...
Metso's innovative single-stage SAG mill solution set to transform an aluminium industry project in China
Metso has secured an order for a single-stage semi-autogenous grinding (SAG) solution for a low-carbon aluminium industry project in China. Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for global aggregates, minerals processing and metals refining...
China’s A00 aluminium ingot price expands to RMB18,880/t; Low carbon aluminium price gains RMB227/t
On Wednesday, February 21, China’s A00 aluminium ingot price gained RMB 210 per tonne to settle at RMB 18,880 per tonne, with the average prices between RMB 18,860 per tonne and RMB 18,900 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per...
