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 products weekly recap: Press Metal plans to hike its value-added aluminium products output capacity; Aerospace, automakers panic over counter-sanctions
In light of the current crisis and increased sanctions on Russia, a lot of changes had taken place in the metal industry. To begin with, Press Metal, a Malaysian aluminium firm is ramping up production capacity to produce additional value-added aluminium products following the completion of its new...
European Union extends anti-dumping duty on imports of aluminium household foil from China
On 12 th March 2022, the executive branch of the European Union, the European Commission has elongated for five years the anti-dumping duties which in force on imports of aluminium household foil from China. However, this extension follows an inquiry which exhibited that dumping by Chinese...
Primary aluminium weekly recap: NALCO’s aluminium ingot price sees 12% growth in line with LME aluminium new high; Lord Barker steps down as En+ Group chairman
Sanctions on Russia for its invasion of Ukraine, resulting in supply disruptions and metal price rally, has been occupying the news headlines in the global aluminium industry for over a week now. This week, the LME aluminium benchmark price touched a new high US$3,984.50 per tonne on March 7 but...
Minth Group begins Є100 million car plant in Serbia, aims to create 1000 new jobs
Minth Group, a a global auto components manufacturer, on Thursday announced the opening of a 100 million euro ($110.3 million) production factory in Loznica, western Serbia. The facility will make aluminium parts for automobiles that will be mainly provided to BMW, Renault, and Toyota. The facility...
FONNOV ALUMINIUM to offer Wood Finish Extrusion Aluminium to serve the Chinese domestic market
FONNOV ALUMINIUM prominent and experienced aluminium extrusion producer in China, specialized in high-quality custom extrusions and fabricated aluminium products, has upgraded its services to better serve the Chinese domestic market with aluminium extrusion and profiles. Extruded aluminium...
China’s A00 aluminium ingot price augments to RMB 21,880/t after a three-day fall
On Friday, March 11, A00 aluminium ingot price in China has ascended after a three-day consecutive fall to close above RMB 21,800 per tonne. According to the Shanghai Metals Market, the aluminium ingot price has gone up by RMB 380 per tonne to settle at RMB 21,880 per tonne. The average prices are...
China’s billet inventories drop consistently W-o-W to close at 225,000 tonnes on March 10
On Thursday, March 10, China’s aluminium billet inventories crash-dived by 16,500 tonnes or 6.83% a week-on-week, as aluminium prices went down for the third day, found the Shanghai Metals Market. As a result, the inventories registered at 225,000 tonnes. However, conversion margins on aluminium...
Primary aluminium inventories in China further gain 20,000 tonnes this week on wait-and-watch downstream sentiment
According to the Shanghai Metals Market, social inventories of primary aluminium have built up by 20,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows inventories have come in at 1.14 million tonnes on March 10 compared to 1.12 million tonnes...
Alumina production in China sees a dent in February 2022 as a result of new Covid cases in Guangxi
According to the Shanghai Metals Market, alumina production in China during February 2022 (28 calendar days) stood at 5.47 million tonnes versus 6.5 million tonnes in January (31 calendar days). That reflected a downfall of 15.85 per cent month-on-month. The output of metallurgical-grade alumina...
China’s A00 aluminium ingot price falls sharply for the third consecutive day below RMB22000/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to plunge for the third consecutive day to stand below RMB 22,000 per tonne. Data shows the price has come in at RMB 21,500 per tonne, reflecting a decrease of RMB 560 per tonne from RMB 22,060 per tonne on...
China’s daily aluminium output grows M-o-M to 105,000 tonnes in Feb’22 amid new operating capacities or resumption
China’s aluminium production in 28 days of February 2022 reflected a positive trend with a daily average output of 105,000 tonnes, up by 2,000 tonnes from 103,000 tonnes a month earlier. Total production in the month came in at 2.95 million tonnes versus 3.204 million tonnes in January (31 days)....
A00 aluminium ingot price plummets by RMB1140/t on lower downstream purchases
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne on Tuesday, March 8, to come in at RMB 22,720 per tonne, found the Shanghai Metals Market, attributable to lower willingness of downstream purchases in the domestic market. The average prices are expected to range between RMB...
US aluminium scrap export to China falls sharply by 288.88% Y-o-Y
According to the US Geological Survey (USGS), on December 2021 US exported 11,900 tonnes of US aluminium scrap to China, showing a month-on-month jump of 3,790 tonnes or 46.73%, from 8,110 tonnes in November. On a month-on-month scale there was a decline of 1,850 tonnes or 18.57% from 9,960 tonnes...
China to tighten commodity reserves of aluminium to maintain supply chain security, says NDRC
On Saturday, March 5, the National Development and Reform Commission (NDRC) stated in a report at the National People’s Congress that they will closely observe the availability and pricing of some raw materials as well as tighten commodities reserves of aluminium to maintain supply chain security....
Malaysia’s Press Metal plans to inflate its value-added aluminium products output capacity
The Malaysia-based aluminium company with a profound global presence, Press Metal is functioning up its production capability to manufacture more value-added aluminium products ensuing the thorough commissioning of its new phase three smelter in Samalaju Industrial Park in Bintulu, the central...
China’s A00 aluminium ingot price opens the week with a hike of RMB420/t; Alumina price slips by RMB3/t
Following a decline in price on Friday, the A00 aluminium ingot price has recorded a sharp increase of RMB 420 per tonne to score at RMB 23,860 per tonne, as of Monday, March 7. According to the Shanghai Metal Market, the average prices are expected to hover between RMB 23,840 per tonne and RMB...
China’s alumina price declines for the eighth day in a row to RMB2981/t; A00 aluminium ingot price shrinks by RMB100/t on inventory rise
According to the Shanghai Metals Market, the average alumina spot price in China has continued to decline by RMB 39 per tonne to stand at RMB 2,981 per tonne on Friday, March 4. This marks the eighth consecutive day of fall since February 22. In Henan, alumina spot price has slipped by RMB 45 per...
China’s primary aluminium inventories build up by 21000 tonnes W-o-W to total 1.12 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have continued to grow week-on-week to total 1.12 million tonnes. This week, as of March 3, the inventories have grown by 21,000 tonnes from 1.1 million tonnes on last Thursday across eight major consumption areas,...
