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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Downstream weekly recap: Chinese billionaire Liu Zhongtian penalized for aluminium scam of $1.8 billion dollars; ELVAL accepts a €75 million from the EIB to be paid in 10 years
This week has been very eventful for the downstream aluminium products sector with Ministers of the United Arab Emirates visiting their manufacturing units to plan upgradations while Chinese billionaire Liu Zhongtian defrauding America by forging aluminium into ‘pallets’ to avoid paying US$ 1.8...
China’s aluminium billet inventory plunges by 8.02% W-o-W to 146,400 tonnes
On Thursday, April 14, China’s aluminium billet inventory declined by 8.02 percent W-o-W to halt at 146,400 tonnes. The epidemic significantly impacted both freight inflows and outflows, therefore inventories in east China did not alter substantially. The adjustments in east China's inventory will...
China’s primary aluminium inventories drop by 3,000 tonnes on Thursday after two weekly hikes
On Thursday, April 14, China’s social inventories of primary aluminium dipped after two weekly hikes. The Shanghai Metals Market data showed the inventories dropped by 3,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to total 1.063 million tonnes. Last...
Chinese aluminium plate/sheet and strip operating rates grow 1.81 percentage points M-o-M in March 2022
In March 2022, the average operating rate of Chinese aluminium plate/sheet and strip producers was 79.22 per cent, up by 1.81 percentage points from the previous month but down by 1.14 percentage points on the year. The operating rate grew in line with the increased orders during the traditional...
China’s daily average aluminium production grows 1700tonnes/day in March’22 on new capacities commencement
According to the Shanghai Metals Market, China’s aluminium production in March 2022 (31 days) stood at 3.315 million tonnes, 0.92 per cent less year-on-year. The daily average output was 106,900 tonnes, which also reflected a drop of 1000 tonnes on the year but 1,700 tonnes more than in the...
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China’s A00 aluminium ingot price surges by RMB400/t; Aluminium alloy (A356) price grows by RMB200/t
China’s A00 aluminium ingot price has augmented by RMB 400 per tonne to peg at RMB 21,460 per tonne, opines SMM. The average price for the same is expected to orbit between RMB 21,440 per tonne and RMB 21,480 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. The...
China’s metallurgical-grade alumina production hikes 16% M-o-M in March 2022 on output recovery from suspensions
In March 2022 (31 calendar days), China produced 6.548 million tonnes of alumina, including 6.342 million tonnes of metallurgical-grade alumina. That was a hike of 15.94 per cent from 5.47 million tonnes of metallurgical-grade alumina output in February. China’s daily average output of...
Six Californian companies associated to Chinese billionaire Liu Zhongtian penalized with $1.83 billion in aluminium fraud case
Six Southern California companies linked to Chinese billionaire Liu Zhongtian were fined $1.83 billion on Monday, April 11. They were fined for conspiring to defraud the US through a scheme in which massive amounts of aluminium were disguised as "pallets" to avoid paying $1.8 billion in customs...
BMW, General Motors and Volkswagen shamed for supporting Xinjiang’s forced labour programme
Some of the World’s biggest automobile manufacturers like BMW, General Motors and Volkswagen are linked through their suppliers with the controversial labour programme in China’s Xinjiang region which experts have blacklisted as pressing and indecent in the new report by Horizon Advisory, a...
Shortage of aluminium cans continues to worry local brewery in Las Vegas
The shortage of aluminium can due to supply chain constraints has stirred the beverage sector. Since the pandemic, the local breweries are struggling to cope with the shortfall. A craft brewery in Las Vegas, named North 5th Brewery Co. is a very famous brewery and has made a name for itself since...
China’s aluminium production drops 1% YoY to 3.315 million tonnes in March attributing to COVID pandemic recurrence
According to the data shown by the Shanghai Metals Market, China produced 3.315 million tonnes of aluminium in March 2022, a decrease of 0.92 per cent year-on-year. Also, the daily average output stood 1,000 tonnes per day lower over the year to 106,900 tonnes but edged a hike of 1,700 tonnes per...
A00 aluminium ingot price in China plummets by RMB570/t over the weekend; but alumina price grows by RMB3/t
A00 aluminium ingot price in China has further plunged over the weekend ended April 11, 2022, by RMB 570 per tonne to stand at RMB 21,230 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,210 per tonne and RMB 21,250 per tonne, with a spot contract...
Downstream aluminium weekly recap: Hindalco, Vedanta trim their aluminium prices, Press Metals raises US$231 million for upgrading its machining facilities
The aluminium downstream sector had a lot going on this week from Hindalco’s aluminium billets and wire rod prices shrinking by 2% to the Zimbabwean President visiting his country’s aluminium wire assets on a quest to encourage people for a sustainable future. According to Shanghai PMI (Purchasing...
China’s primary aluminium inventories further accumulate 25000 tonnes this week to total at 1.066 Mt
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to grow this week by 25,000 tonnes across eight major consumption areas, including SHFE warrants. Thus, SMM data shows the inventories have come in at 1.066 million tonnes, as of Thursday, April...
China’s aluminium billet inventory augments as pandemic weakens consumption
China’s aluminium billet inventory has been on the decline side since Thursday, March 10. As per the latest data by SMM, on Thursday, April 7, aluminium billet inventory has augmented by 8,100 tonnes or 5.12 percent W-o-W to score at 165,600 tonnes. Because of the pandemic's impact on mainstream...
A00 aluminium ingot price further plummets by RMB450/t as COVID undermines domestic consumption; but input costs inflate
A00 aluminium ingot price in China has nosedived for the second day in a row by RMB 450 per tonne to stand at the edge of RMB 22,000 per tonne. According to the Shanghai Metals Market, the price has come in at RMB 22,030 per tonne, with average prices estimated to range between RMB 22,010 per tonne...
Composite PMIs for China’s some aluminium downstream sectors grow over month, thanks to demand recovery
According to the monthly PMI report presented by the Shanghai Metals Market, the composite PMI reading for China’s aluminium downstream processing sectors came in at 49.1 in March, recording a month-on-month rise of 19.8 percentage points and a year-on-year decline of 14.1 percentage points....
Blast in Chinese aluminium plant causes fear of liquid aluminium spill
On Sunday, April 3, an explosion in an aluminium plant in the Guangdong province city of Qingyuan took the lives of 4 workers. As per the local media, the explosion may have caused a liquid aluminium spill, posing a serious threat to the workers there. “The explosion may trigger a liquid aluminum...
