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 benchmark aluminium price glides up by US$45.5/t; SHFE escalates to US$2729/t with US$84/t addition
LME aluminium opened at US$2,377.50 per tonne on Wednesday and closed at US$2,491 per tonne, an increase of US$109.50 per tonne or 4.6 per cent. On November 30, Wednesday LME aluminium cash bid price gained US$45 per tonne or 1.92 per cent, closing at US$2,386 per tonne and the LME aluminium...
China’s A00 aluminium ingot price slumps by RMB200/t; Alumina price in Henan logs RMB5/t escalation
A00 aluminium ingot price has nosedived to RMB 18,970 per tonne, losing RMB 200 per tonne, as the Shanghai Metals Market recorded on Wednesday, November 30. The average prices are expected to range between RMB 18,950 per tonne and RMB 18,990 per tonne, with spot contracts trading at premium prices...
Primary aluminium inventories extend decline over the weekend by 2000 tonnes on Nov. 28
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas stood at 516,000 tonnes, reaching a new low on Monday, November 28. Over the weekend, the inventories edged 2,000 tonnes lower than 518,000 tonnes on Thursday, October 24,...
World alumina production in October’22 regains 4% to 12.004 million tonnes, with daily output 0.65% higher M-o-M
The world alumina production in October 2022 saw a month-on-month increase of 4 per cent to stand at 12.004 million tonnes, found the International Aluminium Institute (IAI). In September, the output was 11.540 million tonnes, down by 3.86 per cent from 12.003 million tonnes in August. That...
Alumina spot price in China moves up by RMB6/t to RMB2,803/t; A00 aluminium ingot price hikes by RMB370/t
On Tuesday, November 29, the average alumina spot price in China increased by RMB 6 per tonne to halt at RMB 2,803 per tonne. The price in Shanxi has hiked by RMB 10 per tonne to settle at RMB 2,825 per tonne. As per the SMM data, the prices in Shandong and Henan have gone up by RMB 5 per tonne to...
China’s A00 aluminium ingot price plummets by RMB230/t; Alumina price in Shanxi gains RMB10/t
A00 aluminium ingot price has nosedived to RMB 18,800 per tonne, losing RMB 230 per tonne, as the Shanghai Metals Market recorded on Monday, November 28. The average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts trading at premium prices of...
Primary aluminium weekly recap: Alcoa supports Rusal's call for LME to disclose the source of all metal stocks; Sales of two smelting giants surge following LME's rejection of Russian metal ban
This week, the global primary aluminium segment recorded many important events. To begin with, with the news of the London Metal Exchange not prohibiting Russian metal from being traded on its platform, there was a rush to negotiate contracts with the two largest mining and smelting firms in...
China’s aluminium ingot inventories drop 29,000 tonnes W-o-W to 518,000 tonnes
According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 24, the inventories totalled 518,000 tonnes, which in comparison with the month's...
Aluminium billet inventories in China expand by 2,400 tonnes W-o-W to 63,000 tonnes
On Thursday, November 24, the domestic social inventory of aluminium billet increased by 2,400 tonnes from a week before 63,000 tonnes. Reduced production in northwest China and disruption of production and railway transport in Shandong supported local conversion margins to the east and north....
LME benchmark aluminium price dwindles down by US$20/t; SHFE also loses US$27/t
LME aluminium opened at US$2,394 per tonne on Thursday and closed at US$2,368 per tonne, down US$22 per tonne or 0.92 per cent. On November 24, Thursday LME aluminium cash bid price slumped to US$2343.50 per tonne after US$19.50 per tonne or 0.82 per cent was subtracted from it, and the LME...
Alumina price grows by RMB16/t to RMB 2,791/t; A00 aluminium ingot price falls by RMB70/t
The average alumina spot price has stopped at RMB 2,791 per tonne after witnessing a growth of RMB 16 per tonne on Friday, November 25. The prices in Shanxi, Guizhou and Guangxi have ascended by RMB 20 per tonne to halt at RMB 2,805 per tonne, RMB 2,740 per tonne and RMB 2,700 per tonne. In...
UA Packaging adds sturdy aluminium containers to their eco-luxe portfolio, ALU Airless jar
China-based UA Packaging has replaced plastic with aluminium to create its latest luxurious ALU Airless jar. This is a commendable addition to the company’s aluminium packaging profile which mainly aims at serving luxury skincare brands. Aluminium is an infinitely recyclable material that can...
Anhui Zhongji Battery Foil Technology to provide lithium battery aluminium foil to CATL
Shantou Wanshun New Material Group, a Chinese manufacturer of paper packaging materials, announced that one of its divisions, Anhui Zhongji Battery Foil Technology, will be supplying lithium battery aluminium foil to Contemporary Amperex Technology (CATL). Formerly known as Shantou Wanshun Package...
China’s A00 aluminium ingot price hovers up by RMB130/t; Alumina price in Shanxi ascends RMB10/t
A00 aluminium ingot price has augmented by RMB 130 per tonne, closing at RMB 19,000 per tonne, as the Shanghai Metals Market recorded on Thursday, November 24. The average prices are expected to range between RMB 19,080 per tonne and RMB 19,120 per tonne, with spot contracts trading at premium...
Xiaomi’s upcoming smartphone series to likely feature an all-aluminium body
The Chinese tech giant Xiaomi is expected to come up with its flagship smartphone dubbed Xiaomi 13 and Xiaomi 13 Pro. The most recent leak shows an all-aluminium mobile device body equipped with the recently unveiled Qualcomm Snapdragon 8 Gen 2 CPU, which is made utilising the 4nm manufacturing...
China: Guangxi offers subsidies to local aluminium smelters in a bid to encourage production acceleration
According to the Shanghai Metals Market report, Guangxi province encourages aluminium smelters to resume potlines at the earliest and boost capacity utilization rates by offering subsidies and alluring incentive plans. The province will provide subsidies to the smelters whose potlines were shut...
World primary aluminium production in October’22 records monthly rise of 3% to 5.85 Mt, with daily output drop by 0.16%
World primary aluminium production in October 2022 totalled 5.850 million tonnes, which reflected an increase of 3.19 per cent month-on-month, found the International Aluminium Institute data. In September, world primary aluminium output stood at 5.669 million tonnes, down by 3.93 per cent from...
RMC stops export of 158 kg of scrap metals to China pretending to be aluminium flakes
A recent attempt by a local business to ship 158,284 kg of aluminium and copper flakes to China via Senari Port was stopped by the Royal Malaysian Customs Department (RMC). According to Dr Ahmad Taufik Sulaiman, director of Sarawak Customs, the objects were scrap metal estimated to be worth RM2.17...
