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 ingot inventory witnesses a W-o-W rise to 671,000 tonnes on July 28
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed an augmentation of 3,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, July 28, the inventories totalled 671,000 tonnes, which in comparison with...
China’s aluminium billet inventories expand by 12,200 tonnes W-o-W to 107,600 tonnes
On Thursday, July 28, the aluminium billet inventory heightened by 12,200 tonnes from 95,400 tonnes recorded last week. The inventory as of Thursday, July 28, closed at 107,600 tonnes. As per the SMM data, the inventories in Foshan and Huzhou witnessed growth, whereas, on the other hand,...
A00 aluminium ingot price in China augments by RMB260/t; Low carbon aluminium price grows by RMB250/t
On Friday, July 29, China’s A00 aluminium ingot price has augmented by RMB 260 per tonne to settle at RMB 18,620 per tonne. The average price for the same is expected to orbit between RMB 18,600 per tonne and RMB 18,640 per tonne, with spot contracts to be traded at a discount price of RMB 50 to...
Press Metal Aluminium’s prospects to remain strong in the coming years, says RHB research
RHB research stated that, given the projected long-term demand for aluminium, Press Metal Aluminium Holdings Bhd's prospects are still strong. Press Metal will continue to gain from the Bakun Dam power purchase agreement with Sarawak Energy Bhd, which provides a long-term supply of energy at...
China’s A00 aluminium ingot price shoots RMB330/t up the scale; Guinea Bauxite CIF price rises by US$2/t
A00 aluminium ingot price has seen a substantial hike of RMB 330 per tonne to begin the week at RMB 18,360 per tonne, as recorded by the Shanghai Metals Market on Thursday, July 28. The average prices are expected to range between RMB 18,340 per tonne and RMB 18,380 per tonne, with spot contracts...
Shandong Yocon Aluminum to install new equipment as part of its expansion plans
Shandong Yocon Aluminum Industry Co Ltd, a leading supplier of aluminum coils, has reportedly announced its plans to ramp-up production capabilities to meet the increasing demand for aluminum coils. As per the report, the company’s expansion plans include installation of new equipment and hiring of...
V Global Manufacturing joins ASI as new Industrial User member
On Monday, July 25, Aluminium Stewardship Initiative announced the joining of V Global Manufacturing Limited as its new Industrial User Member. Situated in Chengdong Industrial Park in Dehua County, V Global Manufacturing Limited, is a foreign-owned business in Singapore with a registered capital...
World alumina production in 2Q2022 records a hike of 6% Q-o-Q but falls by 1% on year to 35.034 Mt
The world alumina production in the June quarter (Q2) of 2022 totalled 35.034 million tonnes, seeing an increase of 5.79 per cent from 33.118 million tonnes during 1Q2022, found the International Aluminium Institute. But on a year-on-year basis, the world alumina output in Q2 stood 1.17 per cent...
LME aluminium benchmark price closes higher at US$2437/t; SHFE gains US$29/t
LME aluminium opened at US$2,406.5 per tonne on Tuesday and closed at US$2,422 per tonne, an increase of US$14 per tonne or 0.58 per cent. LME aluminium cash bid price stopped at US$2,435 per tonne, with a 0.16 per cent or US$4 per tonne escalation on Tuesday, July 26, while LME aluminium official...
China’s ALG Aluminium Inc. joins ASI as a Production and Transformation member
China’s ALG Aluminium Inc. is a technologically advanced state-owned joint-stock organisation situated in the ‘Green City’, Nanning, funded and fathered by Guangxi Investment Group Co. Ltd. The Company has successfully earned the Production and Transformation Membership after immense scrutiny by...
China’s A00 aluminium ingot price augments by RMB190/t to RMB18,030/t; Australian alumina FOB price dips by US$2/t
On Wednesday, July 27, China’s A00 aluminium ingot price has heightened by RMB 190 per tonne to settle at RMB 18,030 per tonne. The average prices for the same is expected to range between RMB 18,010 per tonne and RMB 18,050, with spot contracts trading at a discount price of RMB 30 per tonne and a...
China’s primary aluminium inventories gain 3,000 tonnes over the weekend as trades decline in spot market
According to the Shanghai Metals Market, social inventories of primary aluminium gained 3,000 tonnes over the weekend across eight major consumption areas, including SHFE warrants. After several consecutive weeks of fall, primary aluminium inventories built-up to stand at 671,000 tonnes, but...
China’s A00 aluminium ingot price reports no change today at RMB17840/t; Low carbon aluminium price rose RMB3/t
A00 aluminium ingot price has witnessed no alteration today, remaining stoic at RMB 17,840 per tonne, as recorded by the Shanghai Metals Market on Tuesday, July 26. The average prices ranged between RMB 17,820 per tonne and RMB 17,860 per tonne, with spot contracts trading at a discount price of...
China’s DDM Machinery introduces aluminium flex duct forming machine DMSR-600
China-based DDM Machinery has launched its flexible aluminium duct forming machines. These kinds of aluminium ducts or tubes are usually applied in air conditioners, ventilation, bathroom, kitchen and HVAC system. The DSMR-600 Aluminium Flexible Duct Forming Machine is one of its kind and uses a...
Chalco’s decision of expanding stake in Yunnan Aluminium to 29.1% increases its shares on the market
Shares of Aluminum Corporation of China Limited (Chalco) have elevated on Monday, July 25, following the company’s decision to increase its stake in Yunnan Aluminium Co. According to analysts at Citigroup, this acquisition will make Chalco the world’s largest aluminum producer, with a smelting...
China’s A00 aluminium ingot price opens the week with a drop of RMB150/t; Low carbon aluminium price falls by RMB172/t
China’s A00 aluminium ingot price opened the week on Monday, July 25, with a drop of RMB 150 per tonne, after witnessing a hike on Friday, July 22. As per the SMM data, the price for July 25 closed at RMB 17,840 per tonne, with average prices expected to range between RMB 17,820 per tonne and RMB...
China’s primary aluminium ingot inventory plunges W-o-W to 668,000 on July 21
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a steep downfall of 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, July 21, the inventories totalled 668,000 tonnes, which in comparison with...
China's aluminium billet inventories fell by 3,100 tonnes W-o-W to 95,400 tonnes
On Thursday, July 21, the aluminium billet inventories in China dropped by 3,100 tonnes W-o-W to close at 95,400 tonnes, from 98,500 tonnes a week ago. Except for Foshan and Huzhou, all major markets saw a decrease in inventories, partially attributable to fewer exports from smelters in northwest...
