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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ASI accredits Chongqing Millison Technologies with the Performance Standard V3 certification
The Aluminium Stewardship Initiative (ASI) has officially declared that Chongqing Millison Technologies Inc. is now certified by the ASI Performance Standard V3 (2022). The China-based company has successfully certified its facility in the Banan District, Chongqing. SGS-CSTC Standards Technical...
Navigating troubled waters: Red Sea disruption causes production halt at Tesla's Berlin Gigafactory
Tesla, a commendable force in electric vehicles (EVs), faces a disruption in its car production at the Gruenheide factory near Berlin. The halt, from Jan. 29 to Feb. 11, stems from the Red Sea crisis, with Iranian-backed Houthi militants targeting vessels, causing a shift in transport routes. This...
China’s alumina spot price aims higher arriving at RMB3334/t; SMM A00 aluminium price marks 3.74% M-o-M surge
China's average alumina spot price has expanded by RMB 7 per tonne, officially closing at RMB 3,334 per tonne, while the alumina price in Shandong has augmented by RMB 20 per tonne to rest at RMB 3,200 per tonne. The alumina price in Guizhou has levitated by RMB 15 per tonne to stop at RMB 3,315...
China’s A00 aluminium ingot price loses RMB110/t to RMB 19,100/t; Alumina price adds RMB2/t
On Thursday, January 11, China’s A00 aluminium ingot price dropped by RMB 110 per tonne to halt at RMB 19,100 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may stand between RMB 19,080 per tonne and RMB 19,120 per...
Henan Huawei Aluminium Co. strengthens its global footprint by joining AL Biz – your go-to source for aluminium sheets, coils, plates, and foils
In a significant development for the aluminium sector, Henan Huawei Aluminium Co., Ltd. has recently joined AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain, showcasing its prowess as a prominent manufacturer of...
China’s 2023 aluminium production beats last year’s record-high output, reaching 41.5 million tonnes
According to the Shanghai Metals Market data, China’s aluminium production in the last month of 2023 (31 days) registered a month-on-month increase of 2.12 per cent and a year-on-year rise of 3.6 per cent to reach 3.562 million tonnes. However, the average daily domestic output dropped by 1,400...
Loufan Mine enters Taiyuan's third batch of municipal green mining projects
After a year of cautious deployment and comprehensive promotion, the Loufan Mine of the Shanxi Branch of Chinalco completed the acceptance examination and was chosen as one of Taiyuan's third batch of municipal green mining projects. Between November 10th and 11th, 2023, a team comprising 23...
Jingzhou Bolster Mechanical Equipment Co. elevates its presence in the aluminium industry by joining AL Biz
In the dynamic realm of aluminium production, Jingzhou Bolster Mechanical Equipment Co., Ltd. stands as a distinguished leader, boasting over 25 years of expertise in manufacturing cutting-edge aluminium melting and casting equipment . The company has recently joined AL Biz , the world's 1st B2B...
China’s A00 aluminium ingot price marks a growth of RMB110/t; Alumina price ascends to RMB3,325/t
On Wednesday, January 10, China’s A00 aluminium ingot price has gained RMB 110 per tonne to clock at RMB 19,210 per tonne, with the average prices standing between RMB 19,190 per tonne and RMB 19,230 per tonne. As per the data, the prices in Chongqing and Tianjin have grown by RMB 120 per tonne to...
China’s alumina production in Dec’23 reflects a 5.7% growth, bringing annual output close to 80 million tonnes
The Shanghai Metals Market has revealed the world’s largest alumina producer’s output in December 2023, and with that comes China’s total production figure for the entire year. As per the data shown, China’s metallurgical-grade alumina output in December 2023 (31 days) stood at 6.795 million...
China’s alumina spot price mounts to RMB3316/t; SMM A00 aluminium ingot price drops RMB60/t
China’s average alumina spot price has soared by RMB 6 per tonne, officiating at RMB 3,316 per tonne, while the alumina price in Shanxi has gained RMB 10 per tonne to halt at RMB 3,370 per tonne. In Guangxi, the alumina spot price has floated by RMB 15 per tonne to park at RMB 3,345 per tonne....
Chinalco Group's cutting-edge water-saving technologies make a splash in China's national catalogue
In the latest edition of the Catalogue of Industrial Water-saving Technologies by the Ministry of Water Resources and the Ministry of Industry and Information Technology, notable advancements in water-saving technologies within the aluminium industry have been acknowledged. Chinalco Group, a...
Boosting Morocco's cathode production, Chinese firms invest $700 million
According to a London-based IOSCO-regulated Price Reporting Agency and specialist information provider for the lithium-ion battery to electric vehicle supply chain, Morocco is set to strengthen its global standing as a cathode producer, as Chinese companies plan to invest over $700 million in the...
SMM aluminium ingot price shrinks further by RMB140/t as estimated domestic production grows
On Monday, January 8, China's A00 aluminium ingot price has lost RMB 140 per tonne to settle at RMB 19,160 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to be traded between RMB...
Downstream weekly recap: SRF Ltd's share price rises 1% following approval of its aluminium foil venture
The downstream aluminium sector has been a witness to major developments this week. To begin with, SRF Ltd committed INR 536 crore towards establishing SRF Altech Limited, a dedicated subsidiary focused on producing aluminium foil. This strategic decision aligns with SRF's broader goals of...
Primary aluminium weekly: 2023 registers an influx in global coal consumption; Alba surpasses production record
The International Energy Agency predicts that global coal consumption will reach an all-time high in 2023 due to increased demand in India and China. Coal remains the primary source of energy-related environmental impact linked to global warming. However, coal usage is expected to decrease by...
Aluminium ingot inventories build up 28,000 tonnes on Jan. 4 on reduced consumption for early Chinese New Year break
According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes...
First-of-its-kind automatic gallium filling line gets mounted at Chinalco’s Guangxi branch
China has recently achieved a significant milestone in the production of refined gallium with the launch of its first automatic filling production line. The production line has been installed at the gallium workshop of the alumina plant of Guangxi Branch of Chinalco. This achievement marks a new...
