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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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 %...
Primary aluminium weekly recap: Steady power supply in Yunnan propels China Shenhuo to increase aluminium production; The European Aluminium Association and energy experts call for a bold EU energy agenda
On April 25, the benchmark aluminium price for SHFE declined by US$145 per tonne to US$3,239 per tonne, then falling another US$68 per tonne to US$3,171 per tonne on April 26. The price fell further on Wednesday, April 27, to US$3,168 per tonne, before rising by $5 per tonne the next day to...
Steady power supply in Yunnan propels China Shenhuo to increase aluminium production
Henan Shenhuo Coal & Power Co Ltd declared this week that it is planning to amplify its production to achieve 900,000 tonnes which is the maximum capacity of the unit by the end of this month owing to the steady power supply in Yunnan province. Shenhuo is a renowned aluminium producer from China....
China’s aluminium billet inventory plunges by 9.88% W-o-W to 105,900 tonnes
China’s aluminium billet inventory had fallen by 9.88 per cent W-o-W to settle at105,900 tonnes as of Thursday, April 28. The epidemic hampered transportation and downstream purchases in east China. Overall due to downstream restocking, social inventories are likely to fall more after the vacation....
China’s A00 aluminium ingot price slips by RMB40/t; Aluminium alloy (A356) price falls by RMB50/t
China’s A00 aluminium ingot price has slipped by RMB 40 per tonne on Friday, April 29, after witnessing a hike the previous day, found the SMM. The price for Friday, April 29 closed at RMB 20,810 per tonne, with average prices likely to range between RMB 20,790 per tonne and RMB 20,830 per tonne....
Primary aluminium inventories in China shrink by 34000 tonnes as delivery recovers from COVID pandemic
According to the Shanghai Metals Market, primary aluminium inventories in China have decreased this week by 34,000 tonnes or 11 per cent across eight major consumption areas, including SHFE warrants. Thus, compared to 1.02 million tonnes last Thursday, April 21, primary aluminium inventories have...
China’s A00 aluminium ingot price hikes to RMB 20850/t after four consecutive declines; Aluminium alloy prices gain RMB100/t
A00 aluminium ingot price in China has climbed up by RMB 120 per tonne, following four consecutive days of decline until April 27, found the Shanghai Metals Market. Data shows the hike has brought the ingot price at RMB 20,850 per tonne, with average prices estimated to range between RMB 20,830 per...
LME aluminium price drops again at US$3100/t; SHFE grows to US$3173/t after six days of decline
LME aluminium opened at US$3,071.5 per tonne on Wednesday and closed at US$3,116 per tonne, an increase of US$36 per tonne or 1.17 per cent. On 27 th April, the LME aluminium cash bid price stood at US$3,099 per tonne, with a 0.10 per cent or US$3 per tonne decline. LME aluminium official...
China’s aluminium foil exports in March’22 grow 34% M-o-M, but likely to drop in April for COVID-19 resurgence
According to China customs data, the country’s aluminium foil exports in March 2022 stood at 126,800 tonnes, reflecting month-on-month increase of 34 per cent and year-on-year 9 per cent. Thailand, India, Indonesia, and the United Arab Emirates were the top four destinations of China’s aluminium...
Greece's import of aluminium powder and flakes during 2019-22 exhibits a volatile trend with low demand
The Bank of Greece, which is the central bank of the country, in its annual report stated a slash in prediction for economic growth to 3.8% in 2022 from 4.8% earlier and elevated its forecast for the inflation rate to 5.2% under the base scenario, in its annual report. As a nation, in 2020, Greece...
South32 shares fall 8% the lowest in two months; CEO Graham Kerr blames war and Covid
Graham Kerr, the CEO of South32 does not anticipate a global recession but said that the economic outlook is dormant because of the war in Europe, the Covid epidemic in China and rising commodity prices that may worsen in the coming months. On Tuesday, mining and energy stocks were mostly released...
World alumina production drops by 5% Q-o-Q to 34.332 Mt in 1Q2022 despite a rise in March by 7%
According to the latest data revealed by the International Aluminium Institute, the world alumina production amounted to 10.863 million tonnes in March 2022 (including metallurgical and chemical), an increase of 7.38 per cent month-on-month from 10.116 million tonnes. That brought the total global...
LME aluminium price moving upwards at US$3102.50/t; SHFE falls for the sixth day in a row to US$3168/t
LME aluminium opened at US$3,087per tonne on Tuesday and closed at US$3,080 per tonne, down US$2 per tonne or 0.06 per cent. On 26 th April, the LME aluminium cash bid price stood at US$3,102 per tonne, increasing by 0.42 per cent or US$13 per tonne. LME aluminium official settlement price halted...
A00 aluminium ingot price in China slips by RMB10/t; Caustic soda price in Shandong drops by RMB30/t
On Wednesday, April 27, China’s A00 aluminium ingot price has closed at RMB 20,730 per tonne, after witnessing a decrease of RMB 10 per tonne. The average price for the same is expected to hover between RMB 20,710 per tonne and RMB 20,750 per tonne. For today the spot contract is likely to be...
Yunnan Haoxin Aluminum Foil plant achieves another ASI certification within a year
On Tuesday, April 26, the Aluminium Stewardship Initiative announced that it successfully certified Yunnan Haoxin Aluminum Foil Co., Ltd. against the Chain of Custody Standard Certification for aluminium re-melting, refining, and semi-fabrication activities for the production of aluminium foil. Not...
LME aluminium price descends to US$3090/t; SHFE suffers the fifth day of fall closing at US$3171/t
LME aluminium opened at US$3,230 per tonne on Monday and closed at US$3,082 per tonne, down US$162.5per tonne or 5.01 per cent. On 25 th April, LME aluminium cash bid price stood at US$3,089 per tonne, facing a 4.76 per cent or US$154.50 per tonne decline, while LME aluminium official settlement...
China’s A00 aluminium ingot price shrinks for the third day to RMB20740/t for ongoing pandemic; Aluminium alloy (A356) plunges by RMB200/t
A00 aluminium ingot price in China has decreased for the third day in a row by RMB 210 per tonne on Tuesday, April 26, to stand at RMB 20,740 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,720 per tonne and RMB 20,760 per tonne, with spot...
China’s pandemic situation causes operating rates of aluminium producers fall by 64.5%
As per the reports from SMM, the average operating rate of major aluminium processing companies fell 3.3 percent to 64.5 percent last week (April 18 to April 22). Except for a modest gain in the aluminium wire and cable sector and constant operating rates in the aluminium plate, sheet, and strip...
