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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Growth of aluminium scraps trading in Linyi slows down due to penurious demand
From May 2 to May 8, the throughput of aluminium scrap in Linyi, east China’s nonferrous metal city, settled at 12,386.03 tonnes, a surge of 2,255.47 tonnes from the previous week and up22.26 per cent on the month. Recyclers traded vigorously as a result of a minor increase in aluminium prices....
Hydro extrusion Suzhou, the first extrusion plant in China to receive ASI certification
Hydro’s aluminium extrusion plant in Suzhou is the company’s first Aluminium Stewardship Initiative (ASI) performance standard-certified aluminium extrusion firm in China. The firm located in Shanghai's Suzhou Industrial Park roughly employs 350 workers and has undergone multiple expansion...
Operation resumption at aluminium enterprises further lifts A00 aluminium ingot price by RMB150/t; caustic soda price gains RMB15/t
A00 aluminium ingot price in China has extended growth by RMB 150 per tonne on Thursday, May 12, to stand at RMB 20,270 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,250 per tonne and RMB 20,290 per tonne, with spot contract to be traded at a...
China’s social inventories of primary aluminium dip over the weekend by 3000 tonnes but Gongyi sees a rise of 10,000 tonnes
As of Monday, May 9, social inventories of primary aluminium dipped over the weekend by 3,000 tonnes but rose week-on-week by 43,000 tonnes, found the Shanghai Metals Market data. Thus, the inventories came in at 1.03 million tonnes across eight major consumption areas, including SHFE warrants. The...
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China’s A00 aluminium ingot price hikes by RMB480/t; Aluminium alloy (A356) price surges by RMB500/t
On Wednesday, May 11, China’s A00 aluminium ingot price has surged by RMB 480 per tonne, after witnessing downfall since May 5, says SMM data. The price for today has been recorded at RMB 20,120 per tonne, with average price expected to range between RMB 20,100 per tonne and RMB 20,140 per tonne...
China’s metallurgical-grade alumina output moves down by 2.2% M-o-M but up by 5.05% Y-o-Y
China’s alumina output in April 2022 (30 calendar days) settled at 6.397 million tonnes, including 6.201 million tonnes of metallurgical-grade alumina, says SMM data. Metallurgical-grade alumina output averaged 206,000 tonnes per day, down 2.2 per cent M-o-M but up by 5.05 per cent Y-o-Y. In April,...
China’s daily average aluminium production grows 3000 tonnes M-o-M in April’22 in spite of a marginal fall in monthly output
According to the Shanghai Metals Market data, China’s aluminium production in April 2022 stood at 3.298 million tonnes, registering an increase of 1.47 per cent year-on-year but a marginal drop from the previous month. However, the daily average output grew by 3,000 tonnes month-on-month to 109,900...
Pandemic in China affects M-o-M unwrought and semi-finished aluminium exports in April’22
Unwrought aluminium and aluminium semis exports were roughly 596,900 tonnes in April 2022, up 0.42 per cent M-o-M and 36.49 per cent Y-o- Y, finds the latest figures from the General Administration of Customs. On a Y-o-Y calculation, unwrought aluminium and aluminium semis export for January to...
Europlasma reports positive trial results in China related to the recycling of hazardous aluminium waste
As part of the company's role as a pollution control solution provider, Europlasma announces positive results of new tests in preparation for the marketing of ultimate plasma torch treatment units for aluminium waste. Following the optimization of its treatment process, Europlasma has carried out a...
Top ten countries with the highest bauxite production in 2021
The principal raw material used in the production of aluminium is bauxite and it is used for both metal supply and non-metallurgical needs. As residually enriched rocks, bauxites are composed primarily of Al-hydroxides (gibbsite, boehmite, and diaspore), kaolinite, Fe-oxy-hydroxides, and Ti-oxides,...
China’s A00 aluminium ingot price nosedives by RMB520/t; Aluminium alloy (A356) price plunges by RMB500/t
China’s A00 aluminium ingot price has closed at RMB 19,780 per tonne, after witnessing a plunge of RMB 520 per tonne. The average price for today is expected to range between RMB 19,760 per tonne and RMB 19,800 per tonne, with spot contract to be traded at a discount price of RMB -50 to RMB -10 per...
China’s primary aluminium inventories build-up by 46,000 tonnes W-o-W as operating rates recover from pandemic
On May 5, 2022, social inventories of primary aluminium in China gained 46,000 tonnes week-on-week, marking a rise after three consecutive weeks of fall. According to the Shanghai Metals Market data, the inventories totalled 1.03 million tonnes this week across eight major Chinese consumption...
China’s aluminium billet inventory augments by 22,700 tonnes W-o-W to 128,600 tonnes
China’s domestic aluminium billet inventory heightened by 22,700 tonnes or 21.45 percent W-o-W to stop at 128,600 tonnes, as of May 5, 2022. Because of the pandemic's ongoing interruption of consumption, downstream purchasers have become increasingly cautious. However, when aluminium prices fall...
China’s A00 aluminium ingot price dwindles by RMB420/t; Aluminium alloy (A356) price slumps by RMB400/t
As per Shanghai Metals Market (SMM), China’s A00 aluminium ingot price has declined by RMB 420 per tonne to score at RMB 20,300 per tonne. The average price for the same is expected to range between RMB 20,280 per tonne and RMB 20,320 per tonne, with spot contract to be traded at a discount price...
LME travels up in graph to settle at US$2929/t; SHFE rises after the May Day vacation to US$3144/t
LME aluminium opened at US$2,924 per tonne on May 4 and closed at US$2,985 per tonne, an increase of US$57 per tonne or 1.95 per cent. On 4 th May, LME aluminium cash bid price and official settlement price halted at US$2,928.50 per tonne and US$2,929 per tonne, respectively, both experiencing a...
Aluminum Co. of China’s stocks ratings upgraded from “buy” to “strong-buy”
On Tuesday, May 3, a stock rating agency upgraded Aluminum Corporation of China Limited, also known as Chalco, from a “buy” rating to a “strong-buy” rating. Earlier, on January 13, the Goldman Sachs Group had rated the stocks of Aluminum Corp. of China “sell” instead of “buy”, while on March 23,...
US monthly aluminium plates, sheets and bars imports reflect fluctuating movement
According to the USGS, a total of 107,000 tonnes of aluminium plates, sheets and bars was imported to the United States in February 2022. On a month-on-month forefront, a plunge of 5,000 tonnes or 4.46 percent was witnessed. In January 2022 the amount settled at 112,000 tonnes, following m-o-m...
Hazardous waste recycler Befesa delivers strongest quarterly results in its 35-year history
As a leading provider of hazardous waste recycling services to the aluminium and steel industries, Luxembourg-based Befesa S.A., recently reported the strongest quarterly results in its 35-year history, with an EBITDA of 61.1 million euros ($64.4 million). Befesa said, “In addition, it was 25 %...
