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 A00 aluminium ingot price closes the week with a growth of RMB230/t; Alumina price inches up by RMB1/t
The A00 aluminium ingot price in China has been on the rise since Monday, January 9. As of Friday, January 13, the price has been recorded at RMB 18,460 per tonne with a hike of RMB 230 per tonne. The average price for the same may orbit between RMB 18,440 per tonne and RMB 18,480 per tonne, with...
LME benchmark aluminium price strides down by US$4/t; SHFE marks sixth day of rise with US$31/t spike
LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On January 12, Thursday, the LME aluminium cash bid price swamped in a long time by US$4.50 per tonne or 0.18 per cent, closing at US$2,446 per tonne, and the...
China's aluminium billet inventories build up 15,100 tonnes W-o-W to exceed 90,000 tonnes: SMM
Social inventories of aluminium billets in China have further built up 15,100 tonnes week-on-week to peg at 95,000 tonnes on January 12 across the five major consumption areas. Except for Changzhou, all the major markets have witnessed a growth in billet inventories this week, driven by high...
Hydro’s Taicang plant in China signs up for ASI Performance Standard certification
Norsk Hydro's Taicang plant in China has bagged the ASI Performance Standard certification that revolves around responsible production, sourcing and stewardship of aluminium. The certification attests to the company's extrusion and fabrication activities in the Chinese territory. The Taicang plant...
China’s bauxite import grows 31% M-o-M in Nov'22 as Guinea increases its supply on Indonesia's foreseeable export ban
According to China customs data, the country imported 11.79 million tonnes of bauxite in November 2022, which recorded a month-on-month hike of 31.29 per cent from 8.98 million tonnes and a year-on-year surge of 53 per cent. From January to November 2022, China’s total bauxite imports amounted to...
Australian alumina FOB price ascends by US$15/t; China’s domestic A00 aluminium price levitates by RMB120/t
Today, the alumina spot price in China has witnessed an RMB 2 per tonne rise, closing at RMB 2,932 per tonne, while the alumina price in Henan and Guangxi have both seen an increase of RMB 15 per tonne to halt at RMB 2,980 per tonne and RMB 2,880 per tonne. The Australian alumina FOB price has...
China’s monthly aluminium production records 3% growth M-o-M in Dec’2022, but daily output drops 300 tonnes
According to the Shanghai Metals Market data, China’s aluminium production in December 2022 (31 calendar days) was recorded at 3.44 million tonnes – 2.99 per cent more than 3.34 million tonnes in the previous month and 8.18 per cent higher than 3.14 million tonnes a year earlier. The cumulative...
LME benchmark aluminium price arrives at US$2397/t with 2.59% boost; SHFE amps up by US$11/t
LME aluminium opened at US$2,423 per tonne on Tuesday and closed at US$2,458 per tonne, an increase of US$19.8 per tonne or 0.8 per cent. On January 10, Tuesday, LME aluminium cash bid price floated up by US$59 per tonne or 2.52 per cent, closing at US$2,395 per tonne and the LME aluminium official...
A00 aluminium ingot price in China grows to RMB 18,110/t; Low carbon aluminium price hikes by RMB130/t
The A00 aluminium ingot price on Wednesday, January 11, has increased by RMB 110 per tonne to halt at RMB 18,110 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average may range between RMB 18,090 per tonne and RMB 18,130 per...
Aluminum Corp. of China appoints Duan Xiangdong as its new Chairman
Duan Xiangdong is appointed as the new chairman of the state-owned Aluminum Corp. of China, the largest producer of aluminium in the world. From October 2021 until this month, Duan served as general manager, deputy party secretary, and director of China First Heavy Sectors Co. Ltd., a state-owned...
Guangdong aluminium smelters shut down ahead of Spring Festival amidst low demand
Multiple Chinese aluminium smelters in Guangdong are shutting down prior to the Spring Festival holiday this year, whereas other players are recalibrating their output goals for the prevailing times. All this is due to a plunge in the domestic demand for aluminium in the recent weeks. Even though...
China’s metallurgical-grade alumina output mounts to 77.68 Mt in 2022 amid energy price surge and pandemic outbreak
According to the Shanghai Metals Market, China’s metallurgical-grade alumina output in December 2022 (31 calendar days) stood at 6.43 million tonnes, reflecting a month-on-month rise of 2.2 per cent from 6.29 million tonnes and a year-on-year increase of 1 per cent from 6.36 million tonnes. But...
China’s A00 aluminium ingot price rallies up by RMB140/t to RMB18000/t; Low carbon aluminium gains RMB170/t
A00 aluminium ingot price has escalated by RMB 140 per tonne, resting at RMB 18,000 per tonne, as the Shanghai Metals Market recorded on Tuesday, January 10. The average prices are expected to range between RMB 17,980 per tonne and RMB 18,020 per tonne, with spot contracts trading at discount...
China’s primary aluminium inventories reach 622,000 tonnes on Jan 9, with Wuxi contributing the highest
According to the Shanghai Metals Market, social inventories of primary aluminium accumulated 46,000 tonnes over the weekend across the eight major Chinese consumption areas, including SHFE warrants, as of Monday, January 9. The inventories have come in at 622,000 tonnes versus 576,000 tonnes on...
China’s A00 aluminium ingot price opens the week with a growth of RMB160/t; Low carbon aluminium price ascends to RMB 18,432/t
After recording a downfall since December 30, 2022, the A00 aluminium ingot has hiked by RMB 160 per tonne to halt at RMB 17,860 per tonne, from RMB 17,700 per tonne recorded last week. As per the SMM data, the average price for Monday, January 9, ranged between RMB 17,840 per tonne and RMB 17,880...
Primary aluminium weekly recap: Alba produced 1.6 million tonnes of aluminium in 2022; Alcoa resumes operations with 95% strength in its Portland Aluminium smelter
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Middle East, which opened its doors in 1971, announced on January 3, 2023, that it had achieved a new historic production record of 1,600,111 tonnes in 2022, an increase of 38,889 tonnes from 1,561,222 tonnes in 2021 (+2.5%...
China’s aluminium ingot inventory skyrockets by 83,000 tonnes W-o-W to 576,000 tonnes on January 5
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 83,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. On Thursday, January 5, the inventories totalled 576,000 tonnes, which in comparison with the month's first...
Aluminium billet inventories in China elevate by 18,800 tonnes W-o-W to 79,700 tonnes.
The domestic social inventory of aluminium billets continued to rise this week and, as of January 5, the inventory had settled at 79,700 tonnes, up 18,800 tonnes from the previous week. As conversion margins increased in Foshan and the price differential between east and south China reverted to...
