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 aluminium ingot inventories suffer W-o-W fall of 17,000 tonnes to 734,000 tonnes on June 30
According to the Shanghai Metals Market, primary aluminium inventories in China have witnessed a steep downfall of 17,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, as of Thursday, June 30, the inventories have totalled 734,000 tonnes, which in...
China’s aluminium billet inventories nosedive by 5,200 tonnes W-o-W to 106,400 tonnes
On Thursday, June 30, China's stockpile of aluminium billets closed at 106,400 tonnes, down by 5,200 tonnes W-o-W across three major consumption areas, from 111,600 tonnes on June 23. Since mid-June, there has been a decrease in the stockpile of aluminium billets, which slowed down quickly after...
China's A00 aluminium ingot price plunges by RMB140/t; Aluminium alloy (A356) price drops by RMB100/t
On Thursday, June 30, China’s A00 aluminium ingot price has slipped by RMB 140 per tonne to settle at RMB 19,230 per tonne, says the Shanghai Metals Market. The average price for the same is expected to hover between RMB 19,210 per tonne and RMB 19,250 per tonne, with spot contracts to be traded at...
Leading producer of lightweight aluminium parts Rheinmetall bags a new order of €42 million
Rheinmetall, along with KPSNC, its Chinese joint venture, has bagged a new order for chassis parts destined for an electric SUV made by a new player in the mobility sector. The order value for this is expected to be around €42 million. One of the top manufacturers of lightweight aluminium...
China’s A00 aluminium ingot price augments by RMB110/t midweek closing at RMB19370/t; Australian alumina FOB price drops by US$3/t
A00 aluminium ingot price has further heightened by RMB 110 per tonne for the third consecutive day to come in at RMB 19,370 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 29. The average prices are expected to range between RMB 19,350 per tonne and RMB 19,390 per tonne,...
World alumina monthly production records a 3% rise to 11.728 Mt, but daily output shrinks to 378,300 tonnes
According to the International Aluminium Institute (IAI), world alumina production in May 2022 recorded a month-on-month rise of 3.09 per cent to 11.728 million tonnes (including 10.983 million tonnes of metallurgical-grade alumina), following almost a restraint in the previous month. In April, the...
A00 aluminium ingot price in China grows by RMB70/t to RMB19,260/t; Aluminium alloy (A356) price hikes by RMB50/t
On Tuesday, June 28, China’s A00 aluminium ingot price has hiked by RMB 70 per tonne to settle at RMB 19,260 per tonne, with the average price expected to range between RMB 19,240 per tonne and RMB 19,280 per tonne and spot contract to be traded at a discount price of RMB -20 and a premium price of...
China’s A00 aluminium price begins the week with RMB30/t rise settling at RMB19190/t; Aluminium alloys (ADC12) and (A380) experience RMB50/t cut
A00 aluminium ingot price has heightened by RMB 30 per tonne to begin the week at RMB 19,190 per tonne, as recorded by the Shanghai Metals Market on Monday, June 27. The average prices are supposed to range between RMB 19,170 per tonne and RMB 19,210 per tonne, with spot contracts trading at a...
Jiangsu Alcha Aluminium joins ASI as new production and transformation member
On June 24, Aluminium Stewardship Initiative (ASI) announced the joining of Jiangsu Alcha Aluminium Group Co., Ltd as its new production and transformation division member. ASI is an industry-led programme which aims to advance sustainability along the whole value chain for aluminium. Jiangsu Alcha...
Yunnan Sunho Aluminum Co. Ltd joins ASI as new production and transformation member
Yunnan Sunho Aluminum Co. Ltd., a subdivision of Sunho shares, is a green hydropower aluminium project with a production capacity reaching almost 900,000 tonnes. Yunnan Sunho Aluminum has been registered successfully as a Production and Transformation member of the Aluminium Stewardship Initiative...
China’s aluminium billet inventories plunge by 7,300 tonnes W-o-W to 111,600 tonnes
On Thursday, June 23, China’s aluminium billet inventories nosedived by 7,300 tonnes across three major consumption areas W-o-W to halt at 111,600 tonnes, from 118,900 tonnes a week before. Due to risk aversion following the recent aluminium ingot collateral controversy, certain billets were moved...
China’s primary aluminium ingot inventories on W-o-W decline to 751,000 tonnes on June 23
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a steep downfall of 34,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, as of Thursday, June 23, the inventories totalled 751,000 tonnes, which in comparison...
Russia will seek to increase trade and investment with India: Oleg Deripaska, Founder of Rusal
The founder of Russian aluminium giant Rusal and oligarch Oleg Deripaska commented by saying that Russia will seek to foster trade and investment liaison with India, China and Southeast Asian nations. Oleg Vladimirovich Deripaska, a Russian billionaire and industrialist, was once Russia's richest...
China’s A00 aluminium ingot price plummets for the third day to RMB19160/t; Aluminium alloy (A356) price shrinks by RMB200/t
A00 aluminium ingot price in China has recorded a decline for the third consecutive day to stand at the edge of RMB 19,000 per tonne. According to the Shanghai Metals Market, the primary aluminium ingot price has plunged by RMB 180 per tonne to close the week on Friday, June 24, at RMB 19,160 per...
China’s A00 aluminium ingot price crash-dives RMB430/t stopping at RMB19340/t; High purity aluminium plunge by RMB400/t
A00 aluminium ingot price has plummeted by RMB 430 per tonne to stand at RMB 19,340 per tonne, as recorded by the Shanghai Metals Market on Thursday, June 23. The average prices are supposed to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot contracts trading at a premium...
Imports of Chinese primary aluminium plunge by 7.1% M-o-M in May 2022
The General Administration of Customs reported that in May 2022, China's primary aluminium imports closed at 37,300 tonnes, which reflected M-o-M hike of 7.1 per cent and a Y-o-Y plunge of 61 per cent. The exports, on the other hand, settled at 65,100 tonnes, up by 103.1 per cent M-o-M and up...
A00 aluminium ingot price drops by RMB90/t to RMB19,770/t; Aluminium alloy (A356) dwindles by RMB100/t
China’s A00 aluminium ingot price has plunged by RMB 90 per tonne after witnessing a hike the previous day. As per the SMM data, the price on June 22 closed at RMB 19,770 per tonne, with the average price expected to stand between RMB 19,750 per tonne and RMB 19,790 per tonne and spot contracts...
China’s bauxite imports in May’22 record a new high at 11.97 million tonnes
According to the data revealed by the General Administration of Customs on Wednesday, June 22, China’s bauxite imports recorded a historical high, totalling 11.97 million tonnes in May 2022. That was an increase of 7.6 per cent month-on-month and a hike of 31.4 per cent over a year. Australia stood...
