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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CATL and Guangdong Hoshion Aluminium ink an agreement for industrial components collaboration
The China-based company primarily engaged in the research, development, design, production and sales of industrial aluminium extrusion products, Guangdong Hoshion Aluminium, has inked a strategic agreement with Contemporary Amperex Technology (CATL) to conduct extensive cooperation in the field of...
China’s aluminium production in November 2022 grows 9% YoY on capacity boost in Sichuan and Inner Mongolia
China’s aluminium production in November 2022 (30 calendar days) amounted to 3.34 million tonnes, which reflected an increase of 8.7 per cent year-on-year, found the Shanghai Metals Market. But on a month-on-month calculation, the output stood 2.05 per cent lower than 3.41 million tonnes (31...
China’s A00 aluminium ingot price hurtles down RMB300/t; Alumina price in Shandong rises by RMB15/t
A00 aluminium ingot price has seen a huge plunge of RMB 300 per tonne, resting at RMB 18,960 per tonne, as the Shanghai Metals Market recorded on Monday, December 12. The average prices are expected to range between RMB 18,940 per tonne and RMB 18,980 per tonne, with spot contracts trading at...
Downstream weekly recap: Gestamp takes over one-third part of Gescrap ; Chinese aluminium is subject to new tariffs by the US and EU to combat climate change
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. This week the segment witnessed limited but significant events. Gestamp, a Spanish producer of automotive components, had acquired one-third of Gescrap, a company that...
China’s aluminium ingot inventory remains stoic at 500,000 tonnes with no change W-o-W on December 8
According to the Shanghai Metals Market, China's primary aluminium inventories have remained stagnant at 500,000 tonnes accumulating data from all the eight major consumption areas, including SHFE warrants, on Thursday, December 8. The inventories in comparison with the month's first Monday,...
Top 10 ASI certifications under the downstream aluminium sector in 2022
Dedicated to maximising the contribution of aluminium to a sustainable society, Aluminium Stewardship Initiative (ASI) is an international multi-stakeholder and non-profit organisation which aims to promote sustainability along the whole value chain for aluminium. They have established specific...
A00 aluminium ingot price in China drops by RMB90/t; Alumina price went up by RMB10/t
On Friday, December 9, China’s A00 aluminium ingot price has declined by RMB 90 per tonne to settle at RMB 19,260 per tonne, with the average prices ranging between RMB 19,240 per tonne to RMB 19,280 per tonne. The spot contract price is expected to be traded at a discount price of RMB 10 to a...
Aluminium prices drop as smelters in Gansu and Inner Mongolia resume production
With smelters in Gansu and Inner Mongolia starting to begin output, aluminium prices recorded a fall on Wednesday, December 7. The recent bulls have been priced in by investors, who have since begun to fret about the speed of US rate hikes and the prospects for Chinese demand. At the current high...
Alumina price in Henan collects RMB20/t; China’s A00 aluminium ingot price plunges by RMB80/t
The averaged alumina price in China has spiked by RMB 14 per tonne, arriving at RMB 2,864 per tonne. The alumina price in Henan has seen RMB 20 per tonne hike, stopping at RMB 2,940 per tonne, while the alumina price in Guizhou has elevated by RMB 15 per tonne, resting at RMB 2,795 per tonne. The...
Lenovo launches e-reader YOGA Paper in China featuring lightweight aluminium chassis
Lenovo has launched an innovative product, YOGA Paper, in the Chinese territory, more expensive than the contemporary e-readers of its time. Though the global release date has not been specified, the aluminium-bodied sustainable device is one of the most significant discoveries by Lenovo to date....
Average alumina spot price in China ascends by RMB14/t to RMB2,850/t; A00 aluminium ingot price gains RMB20/t
On Wednesday, December 7, the average alumina spot price in China went up by RMB 14 to reach RMB 2,850 per tonne. The prices in Shandong, Henan, Shanxi and Guangxi hiked by RMB 15 per tonne to halt at RMB 2,780 per tonne, RMB 2,920 per tonne, RMB 2,895 per tonne and RMB 2,775 per tonne. In Guizhou,...
Chinese aluminium is subject to new tariffs by the US and EU to combat climate change
In an effort to reduce carbon emissions and global overcapacity, both United States and the European Union (EU) are considering imposing fresh tariffs on Chinese aluminium and steel. The move will be a novel approach as both nations will use tariffs to fight carbon emissions and global...
China’s A00 aluminium ingot price dives down by RMB110/t; Alumina price in Shanxi gains RMB10/t
A00 aluminium ingot price has downsized by RMB 110 per tonne, resting at RMB 19,410 per tonne, as the Shanghai Metals Market recorded on Tuesday, December 6. The average prices are expected to range between RMB 19,390 per tonne and RMB 19,430 per tonne, with spot contracts trading at premium prices...
LME benchmark aluminium price mounts up by US$18/t to US$2448.5/t; SHFE also treks upward by US$73/t
LME aluminium opened at US$2,477 per tonne last Friday and closed at US$2,556 per tonne, an increase of US$81 per tonne or 3.27 per cent. On December 2, Friday LME aluminium cash bid price and the LME aluminium official settlement price went up US$18 per tonne or 0.74 per cent, closing the week at...
China’s primary aluminium inventory de-escalates by 18,000 tonnes W-o-W to 500,000 tonnes on Dec. 1
According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 18,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, December 1, the inventories totalled 500,000 tonnes, which in comparison with the last Monday...
Aluminium billet inventories in China surge by 6,000 tonnes W-o-W across 4 major consumption areas
On Thursday, December 1, aluminium billet inventories in China increased to 69,000 tonnes, up by 6,000 tonnes from a week ago. The hike was witnessed in all the major consumption areas except Changzhou. Since late October, there had been a sporadic accumulation of aluminium billet inventory;...
China’s A00 aluminium ingot price gains RMB40/t; Alumina price in Guangxi heightens by RMB15/t
A00 aluminium ingot price has elevated by RMB 40 per tonne, resting at RMB 19,330 per tonne, as the Shanghai Metals Market recorded on Friday, December 2. The average prices are expected to range between RMB 19,310 per tonne and RMB 19,350 per tonne, with spot contracts trading at premium prices of...
Alumina spot price in China grows by RMB10/t to RMB2,816/t; A00 aluminium ingot price mounts to RMB 19,290/t
The average alumina spot price in China ascended by RMB 10 per tonne to settle at RMB 2,816 per tonne, followed by a growth of RMB 20 per tonne in Shanxi to close at RMB 2,850 per tonne on Thursday, December 1. On the same day, prices in Guangxi and Henan increased by RMB 15 per tonne and RMB 10...
