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 gains RMB80/t; Alumina price in Shanxi drops RMB5/t
A00 aluminium ingot price has grown by RMB 80 per tonne to close at RMB 18,480 per tonne, as the Shanghai Metals Market recorded on Tuesday, August 9. The average prices are expected to range between RMB 18,460 per tonne and RMB 18,500 per tonne, with spot contracts trading at discount prices of...
A00 aluminium ingot price in China opens the week with a decline of RMB120/t; Average alumina spot price moves down by RMB2/t
A00 aluminium ingot price in China has seen a decline of RMB 120 per tonne since Monday, August 8, to settle at RMB 18,400 per tonne. The average price for the same is expected to range between RMB 18,380 per tonne and RMB 18,420 per tonne. The spot contracts may be traded at a discount price of...
Primary aluminium weekly: GFG Alliance related Lochaber aluminium smelter under huge financial loss; Russia believes infrastructure links with India will boost bilateral trade to $120-150 billion
Russian oligarch Oleg Deripaska is keen on building a business relationship with India, similar to the country has with Europe, aided by connectivity, capital markets, and financial infrastructure. Impending fraudulence charges on GFG Alliance have resulted in the plunder of wealth at Lochaber...
China’s aluminium billet inventories grow by 8,800 tonnes W-o-W to 116,400 tonnes.
On Thursday, August 4, China's aluminium billets inventory increased by 8,800 tonnes W-o-W to close at 116,400 tonnes, from 107,600 tonnes recorded last week. Since upstream output remained steady primarily, the supply doesn't appear to be decreasing. The stockpile of aluminium billets will most...
China’s aluminium foil battery production is on a steep rise yet struggling to match demands in the EV industry
According to the Shanghai Metals Market review, China produced 128,000 tonnes of lithium-battery aluminium foil (battery foil) in 2021, which accounted for nearly 2.8 per cent of the country’s total aluminium foil output and registered a year-on-year surge of 83 per cent. This prodduction hike...
China’s A00 aluminium price gets boosted by RMB130/t; High purity aluminium prices witness RMB100/t spike
A00 aluminium ingot price has seen an RMB 130 per tonne rise to close the week at RMB 18,520 per tonne, as recorded by the Shanghai Metals Market on Friday, August 5. The average prices are expected to range between RMB 18,500 per tonne and RMB 18,540 per tonne, with spot contracts trading at a...
China’s A00 aluminium ingot price mounts to RMB18,390/t; Low carbon aluminium price soars up by RMB162/t
As per the SMM data, on Thursday, August 4, China’s A00 aluminium ingot price has grown by RMB 170 or 0.93 per cent to halt at RMB 18,390 per tonne. The average price for the same is expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contracts to be traded at a...
China’s A00 aluminium ingot price elevates by RMB50/t; Alumina price in Henan loses RMB5/t
A00 aluminium ingot price has seen an escalation of RMB 50 per tonne to begin the week at RMB 18,220 per tonne, as recorded by the Shanghai Metals Market on Wednesday, August 3. The average prices are expected to range between RMB 18,200 per tonne and RMB 18,240 per tonne, with spot contracts to be...
China records lowest prebaked anode export rate amidst heightened aluminium production
The data gathered in customs said that in June 2022, China witnessed a decrease of 37.95 per cent from the last month and 16.48 per cent from the same time span the previous year to close its export volume of prebaked anodes at 131,000 tonnes, which is still the lowest in the year. Yet, the customs...
Aluminium scrap imports in June augment by 23.67% M-o-M despite supply constraints in China
As of June 2022, 124,600 tonnes of aluminium scrap were imported, up by 23.67 per cent M-o-M and 220.3 per cent Y-o-Y, as said by the most recent statistical data. Since late June, the customs examination of imported aluminium scrap was loosened. In the first half of 2022, imports totalled 630,400...
China’s primary aluminium inventories continue to grow W-o-W by 7,000 tonnes on August 1
China’s social inventories of primary aluminium continued to increase by 7,000 tonnes week-on-week as of Monday, August 1, found the Shanghai Metals Market. The inventories grew across eight major consumption areas, including SHFE warrants, to clock at 678,000 tonnes. However, compared to the same...
Aluminium is not the only use for which China exports alumina
In the wake of the geopolitical crisis between Russia and Ukraine, China has exported more microchips to Russia and other electronic components and raw materials, some with military applications, entangling efforts by the US and Western allies to isolate Russia's economy and paralyse its military....
LME aluminium benchmark price heightens by US$17.50/t to begin week; SHFE plummets US$43/t
LME aluminium opened at US$2,481.5 per tonne on Monday and closed at US$2,450 per tonne, a drop of US$32.5 per tonne or 1.31 per cent. LME aluminium cash bid price stopped at US$2,469 per tonne, with a 0.77 per cent or US$19 per tonne escalation to begin the week on August 1, while LME aluminium...
China’s A00 aluminium ingot price plunges by RMB130/t; Low carbon aluminium price descends by RMB113/t
Following a hike for three consecutive days from July 27 to July 29, China’s A00 aluminium ingot price dropped on Monday and Tuesday. As of August 2, the primary aluminium ingot price declined further by RMB 130 per tonne to rest at RMB 18,170 per tonne. The average price for the same is expected...
China’s bauxite imports in June’22 decline 21% M-o-M as supplies from Guinea & Australia dip due to bad weather
According to the China Customs data, the country’s bauxite imports in June 2022 stood at 9.42 million tonnes, down by 21.4 per cent month-on-month and 7.1 per cent year-on-year. Compared with May 2022, China’s bauxite imports in June fell by 2.56 million tonnes and failed to continue the monthly...
LME aluminium price drifts lower by US$6/t to US$2,452/t; SHFE price falls by US$48/t
LME aluminium opened at US$2,462 per tonne last Friday and closed at US$2,482.5 per tonne, an increase of US$17.5 per tonne or 0.71 per cent. After witnessing a hike the previous day, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$7 per tonne or 0.28 per...
A00 aluminium ingot price suffers a loss of RMB320/t after three hikes; but aluminium alloys(ADC12) price grows to RMB18350/t
A00 aluminium ingot price in China has plummeted by RMB 320 per tonne after three consecutive days of rally from RMB 17,840 per tonne to RMB 18,620 per tonne, found the Shanghai Metals Market. As of Monday, August 1, the primary aluminium ingot price has come in at RMB 18,300 per tonne, with...
China’s smelters flaunt high production rate amidst declining domestic aluminium price
The People’s Republic of China has some reports that display that the country’s aluminium output is estimated to continue at a high level. However, the price of this non-ferrous metal is heavily being downsized around the area. According to Antaike, a metals research organization under the state,...
