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 inventories fall 19,000 tonnes W-o-W due to lower cargo arrivals
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday,...
Rusal dominates the bauxite and alumina supply chain in addition to primary aluminium production
As the global economy is driving through a challenging situation, the aluminium sector witnessed’s price drop amidst the alleged dumping of Russian aluminium, weakening the demand for metal and propelling the cost of production. Aluminium stocks in London Metals Exchange (LME) warehouses surged...
China’s A00 aluminium ingot price mounts to RMB 18,390/t; Alumina price went down by RMB7/t
On Wednesday, October 19, the A00 aluminium ingot price in China ascended by RMB 80 per tonne to settle at RMB 18,390 per tonne, with the average prices ranging between RMB 18,370 per tonne and RMB 18,410 per tonne. The spot contract price is likely to be traded at a discount price of RMB 10 per...
ASI enlists Ningbo Tuopu Group Co., Ltd. as its new Production and Transformation member
On Tuesday, October 18, Aluminium Stewardship Initiative (ASI) announced the joining of Ningbo Tuopu Group Co., Ltd. as its new Production and Transformation member. The primary areas of focus for Ningbo Tuopu Group Co., Ltd. include automotive power chassis, trim systems, intelligent driving...
A00 aluminium ingot price in China drops by RMB190/t; Alumina price went down by RMB3/t
On Tuesday, October 18, China’s A00 aluminium ingot price dropped by RMB 190 per tonne to settle at RMB 18,310 per tonne, with the average prices ranging between RMB 18,290 per tonne and RMB 18,330 per tonne. The spot contract price is expected to be traded at a discount price of RMB 30 per tonne...
Alumina spot price in China slips by RMB 11/t to RMB 2,822/t; A00 aluminium ingot price descends to RMB 18,500/t
On Monday, October 17, the average alumina spot price in China went down by RMB 11 per tonne to settle at RMB 2,822 per tonne. The price in Bayuquan has descended by RMB 50 per tonne to come in at RMB 2,925 per tonne. On the same day, in Shandong, the alumina price slipped by RMB 20 per tonne to...
Primary aluminium recap final: Joe Biden's administration considering a complete ban on Russian aluminium; LME plans to limit aluminium trade with Russia
The ongoing Russia-Ukraine crisis has changed a lot of things in the industry. From the domestic aluminium prices witnessing a hike over the past week to Alcoa influencing the Biden administration to prevent American imports of Russian aluminium, it has brought about a lot of differences. As a...
LME aluminium price soars 6.6% to stand at US$2374/t; SHFE builds up by US$26/t
LME aluminium moved around the 5-day moving average after opening at US$2,330 per tonne on Thursday, and closed at US$2,337 per tonne, a decrease of 0.64 per cent. On Thursday, October 13, LME aluminium cash bid price skyrocketed by US$147.50 per tonne or 6.63 per cent to stand at US$2,373.50 per...
China's A00 aluminium ingot price closes the week with a hike of RMB 210/t; Alumina price slips by RMB2/t
On Friday, October 14, China’s A00 aluminium ingot price expanded by RMB 220 per tonne to settle at RMB 18,700 per tonne, with the average prices ranging between RMB 18,680 per tonne and RMB 18,720 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 to RMB 70...
Aluminium billet inventories in China plummet by 9.29% W-o-W to 97,600 tonnes
On Thursday, October 13, aluminium billet inventories in China dwindled by 10,000 tonnes or 9.29 per cent across five major consumption areas. The inventory settled at 97,600 tonnes from 107,600 tonnes recorded on Monday, October 10. Shipments from Yunnan and Xinjiang to Guangdong were decreased by...
LME plans to limit aluminium trade with Russia; Chinese producers to reap benefit
According to Platts analytics, domestic aluminium prices in China have increased over a week based on the possibility that the London Metal Exchange may curb the entry of Russian metal, Beijing’s support for domestic producers, and production cut in both Europe and China. There is also a...
China’s A00 aluminium ingot price grows by RMB60/t after an intermittent drop; Aluminium alloy(A356) price touches RMB20,000/t level
China's domestic A00 aluminium ingot price has again registered a rise on Thursday, October 13, after an intermittent dip last day. According to the Shanghai Metals Market, the price has increased by RMB 60 per tonne to peg at RMB 18,480 per tonne. The average prices are expected to range between...
A00 aluminium ingot price in China drops by RMB180/t; Low-carbon aluminium price descends to RMB 19,047/t
On Wednesday, October 12, the A00 aluminium ingot price in China slumps by RMB 180 per tonne to settle at RMB 18,420 per tonne. The average price for the same is likely to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contract to be traded at a discount price of RMB 70 to...
Alumina spot price in China slips by RMB5/t to stand at RMB2835/t; A00 aluminium ingot price remains muted
The average alumina spot price in China has continued to slip by RMB 5 per tonne to clock at RMB 2,835 per tonne on Tuesday, October 11, found the Shanghai Metals Market. In Henan, Shanxi, and Guangxi, alumina price has slid by RMB 5 per tonne to stand at RMB 2,910 per tonne, RMB 2,780 per tonne,...
Gravita India starts commercial aluminium production at a new recycling plant in Senegal
Gravita India, Jaipur-based aluminium recycler and alloy ingot producer, has reportedly announced the start of commercial aluminium production at a new recycling plant owned by its step down subsidiary situated in Senegal, West Africa. The plant, with an annual capacity of around 4,000 MTPA,...
China’s primary aluminium inventories experience speedy recovery during National Day holiday to stand at 674,000 tonnes
The Shanghai Metals Market survey found social inventories of primary aluminium built-up 55,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, during the National Day holiday ended October 7, 2022. As of Saturday, October 8, inventories totalled 674,000 tonnes, up by...
Alumina spot price in China descends by RMB9/t; A00 aluminium ingot price hikes to RMB18,600/t
On Monday, October 10, the average alumina spot price in China went down by RMB 9 per tonne to rest at RMB 2,840 per tonne. The price in Lianyungang and Bayuquan has slumped by RMB 50 per tonne to settle at RMB 2,925 per tonne and RMB 2,975 per tonne. On the same day, the alumina price in Shandong...
LME benchmark aluminium price stoops to US$2342/t with US$13/t loss; SHFE stands at US$2608/t after National Day week
LME aluminium rose from around US$2,140 per tonne to US$2,420 per tonne before falling back to around US$2,300 per tonne during the National Day holiday. LME aluminium closed at US$2,286 per tonne last Friday, up US$145 per tonne or 6.7 per cent during the National Day holiday. On October 7,...
