HPCL brings energy leaders, researchers and startups together at IISc Bengaluru to accelerate energy innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
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...
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China’s primary aluminium inventory soars on a weekly scale by 113,000 tonnes as of February 2
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 113,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, February 2, the inventories totalled 104,70,00 tonnes, which in comparison with the last...
Press Metal witnesses positive growth as aluminium demand soars
A surge in demand for aluminium is augmenting the revenue accumulation of Press Metal Aluminium Holdings Bhd, giving the company the best benefits of a structural demand shift in Malaysia's economy, as was noted by the country's indigenous research lobby, RHB. A company statement said: "We expect...
SAMR and Standardization Administration of China issue energy consumption ceilings for aluminium production
According to a recent report, the State Administration for Market Regulation (SAMR), the ministerial-level agency directly under the State Council of China, together with the Standardization Administration of the People’s Republic of China, has issued energy consumption ceilings for aluminium and...
A00 aluminium ingot price in China falls by RMB130/t to RMB 18,880/t; Low carbon aluminium price slips to RMB19,502/t
China’s A00 aluminium ingot price has slipped by RMB 130 per tonne to close at RMB 18,880 per tonne as of Friday, February 3. The spot contract price is expected to be traded at a discount price of RMB 100 to RMB 60 per tonne, and the average price may range between RMB 18,860 per tonne and RMB...
Jiangsu Dingsheng to supply 61,000 tonnes of aluminium foil to LG Energy Solution
Jiangsu Dingsheng New Energy Materials Co., Ltd, a manufacturer of aluminium plates, strips, foils and other items, has signed a supply and purchase agreement with LG Energy Solution. Under this agreement, Jiangsu Dingsheng will supply around 61,000 tonnes of aluminium foil for lithium batteries to...
ASI certifies Yunnan Hongtai New Material against Performance Standard for liquid aluminium and ingot production
On Wednesday, February 1, Aluminium Stewardship Initiative announced it successfully certified Yunnan Hongtai New Material Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against the Performance Standard V2 (2017) Certification. Yunnan Hongtai, located in Wenshan City, is...
China’s A00 aluminium ingot price hovers upwards by RMB50/t; Low carbon aluminium price goes RMB60/t up
A00 aluminium ingot price has escalated by RMB 50 per tonne, halting at RMB 19,010 per tonne, as the Shanghai Metals Market recorded on February 2. The average prices are expected to range between RMB 18,990 per tonne and RMB 19,030 per tonne, with spot contracts trading at discount prices of RMB...
A00 aluminium ingot price in China mounts to RMB18,960/t; Alumina price in Henan grows by RMB5/t
On Wednesday, February 1, A00 aluminium ingot price in China has hiked by RMB 230 per tonne, compared to the previous day, where the price had witnessed a fall of RMB 40 per tonne. The price as of today closed at RMB 18,960 per tonne, with the spot contract price expected to be traded at a discount...
Launched! AlCircle brings new report “Global Aluminium Industry Outlook 2023”
The aluminium industry witnessed an impact in 2022 due to augmented energy prices and the overall challenges encountered with the logistical discrepancies mainly made prominent due to the ongoing Russian-Ukraine geopolitical crisis. With the end of 2022, the entire aluminium sector is moving...
World alumina production in 2022 improves slightly Y-o-Y to 139 Mt; China's contribution accounts for 56.6%
According to the International Aluminium Institute, world alumina production in 2022 totalled 139.02 million tonnes, reflecting a marginal growth of 0.31 per cent from 138.587 million tonnes last year. China, the world’s leading alumina producer, contributed the highest to 2022 output by producing...
China’s A00 aluminium ingot price plunges by RMB40/t after CNY holidays; Alumina price in Guizhou gains RMB10/t
A00 aluminium ingot price has shrunk by RMB 40 per tonne, halting at RMB 18,730 per tonne, as the Shanghai Metals Market recorded on January 31. The aluminium prices are on a downward trajectory just after the Chinese New Year holidays are over. The average prices are expected to range between RMB...
China’s primary aluminium inventories record 185,000 tonnes of a hike on resumption from the CNY holiday
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas totalled 986,000 tonnes as of Monday, January 30, up 57,000 tonnes from 929,000 tonnes on January 28 and 242,000 tonnes higher than the pre-Chinese New Year level. As of...
Amcor opens new paper or aluminium-based packaging plant in Huizhou, China
Australia-based flexible packaging company Amcor has inaugurated its latest high-tech flexible packaging plant in Huizhou, China, to properly cater to the rising user demand around Asia and the Pacific region recorded in December 2022. After a massive investment of US$100 million, the fully...
China’s A00 aluminium ingot price opens the week with a fall of RMB210/t; Australian alumina price grows to US$370/t
On Monday, January 30, A00 aluminium ingot price in China opened the week with a drop of RMB 210 per tonne to halt at RMB 18,770 per tonne. The spot contract price is expected to be traded at a discount price of RMB 130 per tonne to RMB 90 per tonne, with the average prices expected to stand...
LME benchmark aluminium price stoops to US$2597/t with US$1/t fall; SHFE aluminium closes at US$2826/t
LME aluminium opened at US$2,593 per tonne last Monday, with its weekly high and low at US$2,664 per tonne and US$2,593 per tonne respectively before closing at US$2,627.5 per tonne, an increase of US$37.5 per tonne or 1.45 per cent. On January 27, Friday, the LME aluminium cash bid price dropped...
Novelis Changzhou facility receives the first updated Chain of Custody Standard V2 certification from ASI
Novelis’ facility in the Changzhou National Hi-Tech District, Jiangsu Province, China, has bagged the first updated Chain of Custody Standard V2 certification from the Aluminium Stewardship Initiative. The revised certification was launched in May 2022 following a multi-year revision process....
LME aluminium benchmark price loses US$8/t to close at US$2598/t; SHFE is closed for CNY
The LME aluminium benchmark price slipped on Thursday, January 26, after three consecutive days of rise. While the LME aluminium cash bid price shrank by US$8.5 per tonne or 0.33 per cent to US$2,597 per tonne, the LME aluminium official settlement price contracted by US$8 per tonne to stand at...
LME aluminium price moves up for the third day in a week to US$2606/t; SHFE is closed for CNY
The LME aluminium benchmark price continued to grow for the third consecutive day this week, and that too at a higher rate than the two previous days. On Wednesday, January 25, both the LME aluminium cash bid price and the LME aluminium official settlement price grew by US$11.50 per tonne or 0.44...
