ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
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IAI's World aluminium production data suggests Gulf and Asia ex-China are on Y-o-Y rise
As per the data laid out by International Aluminium Institute (IAI), it can be witnessed that China had a massive haul of 38,837,000 tonnes of primary aluminium in 2021, which grew by 1,593,000 tonnes over a year to reach 40,430,000 tonnes in 2023. In Q1 2022, the total primary aluminium production...
China’s leading producer of aluminium alloy bars plans to open a plant in Mexico
China's largest producer of aluminium alloy bars, Innovation New Material Technology, has announced intentions to spend USD197 million in a factory in Mexico. The Shandong province-based parent firm stated that Innovation New Material's Hong Kong subsidiaries, Drayton Management and Gloucester...
LME aluminium inventories reach one-month high citing South Korean stock inflows
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories...
China’s SPIC directs first green power trade with Ningxia’s electrolytic aluminium industry
State Power Investment Aluminum and Power Company has overall completed the first electrolytic aluminium industry in Ningxia, China, by collaborating with Fujian Company, Wuling Power, and Zhongwei New Energy Company. This involved two electrolytic aluminium units, Qingtongxia Branch and Ningdong...
Dongxing Aluminium's strategic moves boost revenue through smart buying and selling
Amid shifting market dynamics and a tempered macro outlook this year, Dongxing Aluminium has harnessed the power of proactive tactics. With its "three grasps and three promotions" strategy as a cornerstone, the company has focused on maximizing gains while minimizing costs. This dual-pronged...
Chongqing Millison joins ASI as a new Production and Transformation member
Chongqing Millison Technology, a Chinese firm specialising in R&D, manufacture, and selling of aluminium alloy precision die-casting components for the communication and automotive industries, joined the Aluminium Stewardship Initiative (ASI) . Chongqing Millison joined ASI as a new member of the...
Qingtongxia Aluminium achieves a milestone as the first 5G smart factory in the Chinese electrolytic aluminium sector
Qingtongxia Aluminium Industry Co., Ltd, a subsidiary owned by Ningxia Energy Aluminium Co., Ltd. and recognized as a prominent state-owned enterprise within China's Nonferrous Metals Industry, has officially commenced its operational activities. This milestone signifies the transformation of...
Hangzhou leads the advancement of high-performance aluminium alloys in the new material industry
Hangzhou is gearing up to lead the charge in advancing premium alloy materials, with high-performance aluminium alloys taking the spotlight. A recent mandate from the General Office of the Hangzhou Municipal People's Government outlines steps to accelerate research, innovation, and...
LME aluminium price drops to US$2,068.5/t; SHFE price hikes by US$35/t to US$2,559/t
LME aluminium opened at US$2,147 per tonne on Monday, with its high and low at US$2,150.5 per tonne and US$2,115 per tonne, respectively, before closing at US$2,145.5 per tonne, an increase of US$7 per tonne or 0.33 per cent from the previous trading day. On Monday, August 21, both LME aluminium...
China’s SMM A00 aluminium price surges by RMB90/t to RMB18,690/t; High purity aluminium and alloy prices mark uniform hike of RMB100/t
On August 22, the Shanghai Metals Market showed escalating prices, with the SMM A00 aluminium ingot price closing at RMB 18,690 per tonne, with an influx of RMB 90 per tonne. The average aluminium ingot prices have ranged between RMB 18,670 per tonne and RMB 18,710 per tonne. The eight central...
China's aluminium imports hit 231,452 tonnes in July'23, a 20% increase Y-o-Y
According to China customs data, unwrought aluminium and products imports into China grew significantly by 20.1 per cent year-on-year to reach 231,452 tonnes in July 2023. Limited domestic stocks and expectations for robust demand in autumn drove the rise of China's aluminium imports. On a...
China’s A00 aluminium ingot price escalates over the weekend to reach RMB18600/t, recording 1.2% W-o-W rise
According to the Shanghai Metals Market, China's A00 aluminium ingot price has initiated the week on Monday, August 21, with an increase of RMB 80 per tonne to reach RMB 18,600 per tonne. The average prices are estimated to range between RMB 18,580 per tonne and RMB 18,620 per tonne, with a spot...
Downstream weekly recap: China to accommodate 17 new aluminium battery foil projects; Sansera Engineering to invest INR300 crore for capacity expansion
The downstream aluminium sector witnessed an active week started from August 14, 2023, with 17 new Chinese battery foil projects commissioning production, Sansera Engineering Ltd, a precision-forged and machined aluminium components manufacturer, planning to invest INR 300 crore for capacity...
Primary aluminium recap: Century Aluminium Company reports second quarter 2023 results
This week the global primary aluminium segment saw releases of the quarterly results of Century Aluminium and NALCO. As per the data, the National Aluminium Company Limited (NALCO), a Schedule 'A' Navratna CPSE, revealed that its quarterly earnings for Q1 FY2023-24 fell 40 per cent due to low...
China calls for immediate removal of US tariffs imposed on aluminium and steel products
On August 16, China's trade ministry asked that the United States immediately ease tariffs on Chinese steel and aluminium imports. The ministry made the remarks in response to a World Trade Organisation (WTO) dispute resolution tribunal that found China placing higher taxes on select US products....
China’s aluminium plate/sheet & strip exports reach 1.39 Mt at the end of H1 2023 after consecutive falls
China's aluminium plate/sheet and strip exports in June 2023 recorded a month-on-month drop of 3 per cent and a year-on-year plunge of 34 per cent to reach 224,500 tonnes, found the China Customs data. The total exports during the year's first half came in at 1.3932 million tonnes, registering an...
SMM aluminium ingot price in China gains RMB50/t to RMB18,640/t; Low carbon aluminium price hikes to RMB19,298/t
On Thursday, August 17, China’s A00 aluminium ingot price has gained RMB 50 per tonne to halt at RMB 18,640 per tonne, with the average prices ranging between RMB 18,620 per tonne and RMB 18,660 per tonne. The spot contract price is expected to be traded at a premium price of RMB 130 to RMB 170 per...
ASI welcomes Chinese aluminium die-casting firm IKD Co., Ltd. for its commitment to energy saving and carbon reduction
On Monday, August 14, Aluminium Stewardship Initiative announced the joining of IKD Co., Ltd. as a new Production and Transformation member. IKD’s unwavering commitment towards sustainability and contribution to developing green aluminium has brought the company to ASI’s membership. IKD Co., Ltd....
