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’s aluminium billet inventories closed the year 2023 at a new low of 64,100 tonnes
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a...
Unprecedented surge: 2023 witnessing a historic high in global coal consumption
The International Energy Agency (IEA) predicts that global coal consumption will reach an all-time high in 2023 due to sustained demand in emerging and developing economies. Increase in demand The International Energy Agency (IEA) reported a projected 1.4 per cent increase in coal demand for 2023,...
Downstream recap: Jiangsu Minglida expands operations with its state-of-the-art aluminium die-casting project in Hai'an County
The Jiangsu Hai'an High-tech Industrial Development Zone Management Committee inked an investment agreement with Jiangsu Minglida and the People's Government of Hai'an County to construct a new aluminium alloy precision die casting project. The statement was made on December 15 during the 14th...
Primary weekly recap: WTO dispute panel overrules Turkey negating trade duty imposed on US aluminium and steel; EN+ Group appoints Mikhail Khardikov as CEO
This week, there has been news about the current state of the aluminium industry in China, with some regions facing supply constraints while others are trying to lower prices. The operational rate of the sector declined last week compared to the previous week. The World Trade Organization (WTO)...
Technical experts from EGA and Inalum visit the Qujing production base in Yunnan
Abdulaziz Sarhan, the Technical Manager of Emirates Global Aluminum (EGA) and Al Jufri, Vice President of the Business Development Department at Indonesia Asahan Aluminium (Inalum), recently led a delegation of technical experts to visit the Qujing production base in Yunnan, China, for a...
Shares of Lizhong Sitong soar by 3.9% on heels of lucrative US$118 million aluminium alloy wheels deal
Lizhong Sitong Light Alloys Group experienced a surge in its stock value following the announcement of a substantial order worth approximately RMB 840 million (US$ 118 million) from a leading Chinese supplier of aluminium alloy materials and wheels. The order, received for high-end electric vehicle...
China’s primary aluminium inventories hit a new low for 2023 at 434,000 tonnes
On Thursday, December 28, China's social inventories of aluminium ingot hit a new low for the year, standing at 434,000 tonnes. Compared to Monday, December 25, the inventories registered a fall of 9,000 tonnes, while from the previous week, December 21, the inventories stood 12,000 tonnes lower....
LME aluminium price gains pace post-Christmas citing stable growth in 2024’s start, down 1.26% Y-o-Y; SHFE loses 0.14%
LME aluminium opened at US$2,393.5 per tonne yesterday, with its high and low at US$2,394.5 per tonne and US$2,353.5 per tonne, respectively, before closing at US$2,367 per tonne, a decrease of US$28 per tonne or 1.17 per cent. The LME aluminium live price chart , on December 28, witnessed an...
Average alumina spot price in China heightens by RMB47/t to RMB3,119/t; Low carbon aluminium price declines by RMB46/t
On Friday, December 29, the average alumina spot price in China heightened by RMB 47 per tonne to settle at RMB 3,119 per tonne. The alumina prices have been rising recently due to Guinea's fuel depot blast. As per the Shanghai Metals Market (SMM) data, the prices have grown significantly in all...
Zhejiang Wanfeng Auto Wheel breaks ground on its aluminium alloy automotive calliper project
Zhejiang Wanfeng Auto Wheel (ZCW), the China-based company mainly engaged in the manufacturing and distributing of aluminium alloy wheels for automobiles and motorcycles, completed the piling construction of its much-awaited automobile calliper project on December 8. The project is expected to...
World alumina production in Nov’23 records a 2% drop M-o-M, but daily output grows amply
The current International Aluminium Institute data showed the world alumina production in November 2023 fell month-on-month by 1.90 per cent to 11.858 million tonnes, following an increase in October output. According to IAI, world alumina production in October was 12.088 million tonnes, up by 0.99...
Advancements in aluminium alloy production: Anyang Weiyuan Alloy Co., Ltd joins AL Biz
In the dynamic landscape of the aluminium industry, Anyang Weiyuan Alloy Co., Ltd. stands as a testament to innovation and quality. Established in 2011, this company specializes in the production of various alloys crucial for aluminium manufacturing. With an eye on excellence, they employ...
Guizhou province aims to facilitate energy-saving aluminium electrolysis technology in key enterprises
The Department of Ecology and Environment of Guizhou Province released the Implementation Plan for the Collaborative Efficiency of Pollution Reduction and Carbon Reduction in Guizhou Province on December 18. The plan aims to facilitate innovation in high-efficiency and energy-saving aluminium...
Xiaomi launches its first EV and aspires to be on top with Tesla and Porsche
Chinese tech giant Xiaomi has officially entered the electric vehicle (EV) market by introducing its first electric car, the SU7. The highly anticipated sedan is expected to leverage Xiaomi's popular phone operating system, marking a significant step toward the company's ambitious goal of becoming...
Beijing Only Aluminium joins forces with AL Biz, unleashing a new chapter in the aluminium downstream products market
Established in 1992, Beijing Only Aluminium Industry Co., Ltd is a prominent force in China's aluminium processing sector. Boasting a comprehensive industrial chain, the company encompasses a melting and casting plant, mold processing centre, building profile plant, industrial profile plant,...
Shandong Hongchuang Aluminum Industry chairman quits the role
According to a report on Wednesday, December 27, Zhao Qianfang has stepped down from the position of a chairman of Shandong Hongchuang Aluminum Industry (SHE:002379) due to personal reasons. He will also discontinue from the role on the strategy committee. However, Zhao will temporarily continue...
Chalco’s Zhengzhou Research Institute plans to create an aluminium JV worth RMB20million
Chalco, the aluminium corporation of China, recently announced the establishment of a joint venture between Chalco Zhengzhou Nonferrous Metals Research Institute Co., Ltd. and Zhengzhou Light Metals Research Institute Co., LTD. As per the announcement, the joint venture company, named Chalco...
Jiangsu Minglida plans to build a new aluminium die-casting project in Hai'an County
The Management Committee of Jiangsu Hai'an High-tech Industrial Development Zone signed an investment agreement with Jiangsu Minglida and the People's Government of Hai'an County regarding the establishment of a new aluminium alloy precision die casting project. The announcement was made at the...
