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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LME aluminium benchmark price grows marginally by US$1.5/t; SHFE is closed for CNY holiday
The LME aluminium benchmark price started the week on Monday with a marginal rise and continued to do so the next day. On Tuesday, January 24, both the LME aluminium cash bid price and the LME aluminium official settlement price climbed only US$1.50 per tonne to settle at US$2,594 per tonne and...
toolcraft AG yields high quality aluminium components with Farsoon’s FS422M-4 laser machine
German metal processing company toolcraft AG has installed a new FS422M-4 Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing machine in their Georgensgmünd facility. The laser machine has been imported from Farsoon Technologies, Changsha, China. The new FS422M-4 multi-laser device flaunts...
LME benchmark aluminium price moves up by US$7.5/t to US$2593/t; SHFE stays shut for Chinese New Year
On January 23, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price had a meagre elevation of US$7.50 per tonne or 0.29 per cent, closing at US$2,592.50 per tonne and US$2,593 per tonne, respectively. Though the previous week was completely in turmoil as the...
Iran to escalate alumina production with Chinese assistance
According to an official, Iran has begun researching the possibility of producing 500,000 tonnes of alumina annually from low-grade bauxite with Chinese assistance. On January 23, 2023, Turaj Zar'e, the Managing Director of Iran Alumni Company (IAC), said, "The initial phase of studies was done...
2022: World aluminium production grows 2% amid energy crunch, China's output climbs 4% beating COVID restrictions
According to the International Aluminium Institute, world primary aluminium production in December 2022 amounted to 5.859 million tonnes, bringing the total output of 2022 to 68.417 million tonnes. The worldwide annual production in 2022 edged 1.97 per cent higher than 67.092 million tonnes a year...
LME benchmark aluminium price skips to US$2585.5/t gaining US$44.5/t; SHFE remains closed for Chinese New Year
On January 20, Friday, the LME aluminium cash bid price spiked by US$46 per tonne or 1.81 per cent, and the LME aluminium official settlement price went upward by US$44.50 per tonne or 1.75 per cent, closing at US$2,585 per tonne and US$2,585.50 per tonne, respectively. The 3-month bid price marked...
China’s aluminium billet inventories continue to grow surpassing 100,000 tonnes this week
China’s aluminium billet inventories recorded a hike on Thursday, January 19, marking the fourth consecutive week of rise. According to the Shanghai Metals Market data, the inventories accumulated 37,200 tonnes from the previous week to reach 131,900 tonnes across five major consumption areas....
LME benchmark aluminium price faces US$95/t slump; SHFE aluminium price treks upwards by US$5/t
LME aluminium opened at US$2,638 per tonne on Thursday and closed at US$2,583.5 per tonne, a drop of US$54.5 per tonne or 2.07 per cent. On January 19, Thursday, the LME aluminium cash bid price plummeted by US$96 per tonne or 3.64 per cent, and the LME aluminium official settlement price stooped...
A00 aluminium ingot price nears RMB19000/t at the week-end; aluminium alloy (A356) price marks fourth consecutive hike
A00 aluminium ingot price in China has grown for the fourth consecutive day by RMB 140 per tonne to near RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has stopped at RMB 18,980 per tonne on Friday, January 20, with average prices estimated to range between RMB 18,960 per...
China’s aluminium imports record 26% slump in 2022 on sluggish consumption amid COVID-19
According to the recent data published by the General Administration of Customs released on Wednesday, January 18, China imported 2.39 million tonnes of unwrought aluminium and products, including primary metal and unwrought and alloyed aluminium. That reflected a year-on-year downfall of 25.6 per...
A00 aluminium ingot price further up by RMB200/t enabling smelters to yield profit; Aluminium alloy price returns to RMB20000/t
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to...
China’s A00 aluminium ingot price augments by RMB130/t; Australian alumina FOB price shoots up by US$7/t
A00 aluminium ingot price has been boosted by RMB 130 per tonne, halting at RMB 18,640 per tonne, as the Shanghai Metals Market recorded on January 18. The aluminium price has risen for two consecutive days, and the mid-week scenario seems to be pointing at a subtle price increase throughout the...
China’s alumina price ascends by RMB12/t to RMB2,945/t; A00 aluminium ingot price mounts to RMB18,510/t
On Tuesday, January 17, the average alumina spot price has hiked by RMB 12 per tonne to halt at RMB 2,945 per tonne. Prices in Henan and Guangxi have increased by RMB 10 per tonne to peg at RMB 2,990 per tonne and RMB 2,890 per tonne. On the same day, prices in Shandong and Shanxi have gone up by...
LME benchmark aluminium price travels US$92/t up to US$2603/t; SHFE loses US$6/t
LME aluminium opened at US$2,595 per tonne on Monday and closed at US$2,603.5 per tonne, an increase of US$8.5 per tonne or 0.33 per cent. On January 16, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price glided up by US$92 per tonne or 3.66 per cent, closing...
Goldman Sachs projects bullish global aluminium price trend in 2023 buoyed by higher demand
The Goldman Sachs Group, a leading global investment bank and financial services company, shared aluminium price forecasts whereby it projected a growth led by soaring demand in Europe and China. But the setback it might create is supply shortages. As per the prediction noted by analysts like...
Monochrome’s debut collection, ‘Basic’ by designer Ximi Li uses aluminium as the base material
Ximi Li Design is a Shanghai-based studio active in multiple fields like creative direction, interior designing and furniture designing. In a recent collaboration with Monochrome, the brand's debut collection, ‘Basic’, was created by Ximi Li, which took a fundamental approach to evaluate the...
Aluminium extruders operating rates dip 1.4 percentage points M-o-M in Dec’22 due to demand drop from real estate
In December 2022, the average operating rate of aluminium extruders recorded a month-on-month drop of 1.4 percentage points and a year-on-year decline of 14 percentage points to stand at 36.5 per cent, found the Shanghai Metals Market data. The average operating rate of large enterprises was 37.8...
China’s A00 aluminium ingot price marks RMB10/t slump after a week of steep rise; Low carbon aluminium sheds RMB30/t
A00 aluminium ingot price has dived down by RMB 10 per tonne, resting at RMB 18,450 per tonne, as the Shanghai Metals Market recorded at the beginning of the week, Monday, January 16. Last week, the aluminium ingot prices were on an upward trajectory but were unable to reach the range of RMB 19,060...
