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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Russia contemplates building a domestic alumina refinery as imports from China prove to be cost-intensive
Russia is reportedly mulling building an alumina refinery to reduce its dependence on imports from China. As per a document seen by Reuters, China’s alumina exports to Russia have increased since the Russia-Ukraine conflict started. A draft of the plan for the development of Russia’s metal industry...
Wiley Rein assists ITC in granting trade relief on Chinese aluminium extrusion
Wiley Rein LLP assisted in convincing the U.S. International Trade Commission (ITC) to grant relief from imports of dumped and subsidised aluminium extrusions from China on behalf of U.S. makers of aluminium extrusions. Following a mandated five-year "sunset review" including these items, the ITC...
Suzhou Hongnuan Electronic Technology CO., LTD joins ASI as a new Industrial User member
Suzhou Hongnuan Electronic Technology CO., LTD joined Aluminium Stewardship Initiative (ASI) as an Industrial User member. Alumina materials are the focus of Suzhou Hongnuan Electronic Technology CO., LTD, a specialised surface treatment business. They produce, sell, research and develop top-class...
LME benchmark aluminium price earns US$27.5/t; SHFE marks second last day of National Holidays
On October 5, Wednesday, LME aluminium cash bid price has seen a rise of US$27 per tonne or 1.19 per cent to close at US$2,288 per tonne, and LME aluminium official settlement price also shot up by US$27.50 per tonne or 1.22 per cent to rest at US$2,289 per tonne. 3-month bid price has jumped up by...
China's Eplus3D certifies Constellium's Aheadd CP1 aluminium alloy for use in its AM machines
The Hangzhou, China headquartered organization, Eplus3D, has certified the Aheadd®CP1 aluminium alloy from the Paris, France-based Constellium for use on the company’s Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing machines. The innovative global manufacturer of aluminium products,...
Aluminium billet inventories in China nosedive by 26,000 tonnes W-o-W to 80,100 tonnes
As of Thursday, September 29, aluminium billet inventory in China nosedived by 26,000 tonnes W-o-W across four major consumption areas. The inventory closed at 80,100 tonnes from 106,100 tonnes recorded last week. The figure below provides further information on the current state of aluminium...
World alumina production in August’22 dips 1.12% M-o-M to 11.943 Mt; Output in China remains muted
In August 2022, world alumina production stood at 11.943 million tonnes, reflecting a dip of 1.12 per cent month-on-month, found the International Aluminium Institute. However, the output in July recorded a monthly rise of 2.70 per cent to come in at 12.078 million tonnes. On a year-on-year basis,...
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Novelis’ second facility in China grabs ASI Performance Standard certification
Aluminium Stewardship Initiative has certified Novelis Aluminum (Zhenjiang) Co., Ltd. against Performance Standard V2 (2017) certification for rolling activities at Jingkou Industrial Zone, Jiangsu Province, China. That makes the plant the second Novelis facility in China to receive Performance...
Alumina spot price in China slips by RMB17/t to RMB2,852/t; A00 aluminium ingot price expands to RMB 18,140/t
On Thursday, September 29, the average alumina spot price in China descended by RMB 17 per tonne to settle at RMB 2,852 per tonne. The prices in Shanxi and Guangxi dropped by RMB 20 per tonne to peg at RMB 2,795 per tonne and RMB 2,820 per tonne on the same day. In Henan, the price witnessed a cut...
Alumina spot price in China sheds RMB3/t marking eighth day of fall; A00 aluminium ingot price plunges by RMB310/t
A00 aluminium ingot price has nosedived by RMB 310 per tonne to close at RMB 17,960 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 28. The average prices are expected to range between RMB 17,940 per tonne and RMB 17,980 per tonne, with spot contracts trading at discount...
Jangsu Rongtai Industrial joins ASI as new Industrial User member
Jangsu Rongtai Industrial Co., Ltd., a high-tech company that specializes in aluminium die casting joined Aluminium Stewardship Initiative as its new Industrial User member. Founded in June 2000, the company produces die-casting parts for engine, transmission, and steering systems in automobiles...
China’s primary aluminium inventories decline to a year-to-date low at 652,000 tonnes on September 26
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, decreased by 14,000 tonnes over the weekend to a total 652,000 tonnes. On a week-on-week basis, the inventories plunged by 33,000 tonnes on Monday,...
China’s Aug’22 prebaked anode exports shrink 31.4% M-o-M but grow 7% on year to 141,600 tonnes
China customs data found the country’s prebaked anode exports stood at 141,600 tonnes in August 2022, which reflected a downfall of 31.43 per cent month-on-month and an increase of 6.99 per cent year-on-year. Custom statistics showed the export price per unit of prebaked anode was $1,334.50 per...
A00 aluminium ingot price in China slumps by RMB200/t; Average alumina spot price went down by RMB9/t
On Tuesday, September 27, the A00 aluminium ingot price in China slumped by RMB 200 per tonne to settle at RMB 18,270 per tonne, with the average prices ranging between RMB 18,250 per tonne and RMB 18,290 per tonne. The spot contract price is expected to be traded at a discount price of RMB 60 to...
China’s aluminium extrusion exports slump 12.4% M-o-M attributing to sharp fluctuating exchange rate
According to China customs data, the country’s aluminium extrusion (HS code 76041010, 76041090, 76042100, 76042910, 76042990) export volume amounted to 81,800 tonnes in August 2022, registering a month-on-month fall of 11,500 tonnes or 12.4 per cent and a year-on-year drop of 3.42 per cent....
Alumina spot price in China drops for sixth day in a row by RMB12/t; A00 aluminium ingot price descends by RMB240/t
The average alumina spot price in China has decreased for the sixth day in a row by RMB 12 per tonne to stand at RMB 2,881 per tonne on Monday, September 26. Over a week, the price has dwindled by RMB 40 per tonne from RMB 2,921 per tonne, found the Shanghai Metals Market. The decline in domestic...
Aluminium billet inventories in China drop by 7.65% W-o-W to 106,100 tonnes
On Thursday, September 22, SMM's stockpile of aluminium billets was 106,100 tonnes, down 8,800 tonnes from the previous week. Overall, the market mood remained relatively consistent this week despite slight fluctuations in aluminium prices and minor social inventory reduction due to pre-holiday...
China’s primary aluminium ingot inventory slumps 9,000 tonnes W-o-W on September 22
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 9,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 22, the inventories totalled 666,000 tonnes, which in comparison with...
