Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
Mexico and Argentina take different AD actions on Chinese aluminium products
Mexico and Argentina are moving in different directions on aluminium imports from China. Mexico has imposed a new anti-dumping duty on aluminium bars, rods and profiles, while Argentina has dropped its existing anti-dumping order on certain aluminium tubes. Mexico has issued an anti-dumping duty...
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Real-time technological solution to combat industrial air pollution
Globally, industrial emissions are a major contributor to air pollution, and Asia is no exception, negatively impacting both the environment and public health. China and India are the region's leading contributors to industrial emissions and are also ranked among the world's top polluting nations....
CITIC Dicastal strengthens China-Morocco ties with first aluminium alloy wheel facility
In Morocco, Chinese expertise plays a crucial role in developing the vehicle wheel industry, showcasing the strengthening economic ties between China and Morocco under the Belt and Road Initiative (BRI). One key project in this development is CITIC Dicastal's investment in Morocco, which has...
“The Asian aluminium extrusion market is steadily growing, especially in countries and regions such as China, Japan, India, and Southeast Asia.” Wang Xingyao, Founder of GLD ALLOYS (M) SDN BHD
Wang Xingyao is a seasoned veteran in the aluminium manufacturing industry with over 25 years of experience. He has successfully led several high-profile aluminium companies across Asia, producing various products including aluminium sheets, extrusions, and alloy wheels. Mr Wang’s expertise in...
EU clears Baosteel, Baowu Aluminium, and Kobelco's joint venture in the automotive aluminium sector
The European Commission has recently approved a joint venture between Baoshan Iron & Steel (Baosteel), Baowu Aluminium, and Japan's Kobe Steel (Kobelco) under the EU Merger Regulation. This collaboration primarily focuses on the production of automotive aluminium sheets. In its review, the...
Guizhou Aluminum unlocks new achievement with the production of double zero foil
Guizhou Aluminum New Materials Co., Ltd. (Gui Aluminum New Materials) has recently achieved a major milestone in aluminium foil production. The company has successfully manufactured double zero aluminium foil with a thickness of 0.006mm, width of 1700mm, weight of 17,760kg, and a roll diameter of...
Upstream weekly recap: EGA leads UAE with digital GHG emissions tracking, boosting decarbonisation efforts
In recent developments across the upstream sector of the aluminium industry, significant changes and milestones have been reported. The upstream sector includes bauxite, alumina and primary aluminium. Emirates Global Aluminium (EGA) has pioneered digital greenhouse gas emissions tracking in the...
Beijing accuses Canada of WTO rule violations over tariffs on aluminium, steel and EVs
Beijing has requested talks with Canada at the World Trade Organization, a global trade referee, accusing the latter on the ground of violating WTO rules by imposing 100 per cent tariffs on China-origin electric vehicles and 25 per cent tariffs on aluminium and steel. The news came on Friday,...
Sunstone and Geely Baikuang join forces to construct a 600,000-tonne prebaked anode project
On August 20th, Sunstone Development announced the signing of a capital increase agreement with Geely Baikuang to jointly invest 290 million yuan into Tiandong Baikuang Santian Carbon Co., Ltd. Following the capital injection, Sun-stone Development will hold a 66 per cent stake, while Geely...
China’s alumina production continues an upward trajectory in August, marking a 2.8% Y-o-Y rise
After surpassing 7 million tonnes in July 2024, China's metallurgical-grade alumina production continued its upward trajectory in August, showing a month-on-month increase of 0.67 per cent, according to the Shanghai Metals Market. On a year-on-year basis, the output in August registered a hike of...
China's alumina capacity grows, fueling bauxite supply challenges
China is already home to more than 80 million tonnes of alumina capacity. So much so that the industry is struggling to source enough bauxite to satisfy demand. So, it's not particularly good timing for new alumina refining capacity to enter the market, but that's exactly what's happening. Markets...
China's A00 Aluminium ingot market remains fairly up M-O-M by RMB 460/t, with a decrease of RMB 90/t today
On September 6, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), ended the week with a dwindle in price by RMB 90 per tonne, following a slight decrease the day before. The price settled at RMB 19,210 per tonne, increasing the month-on-month price by RMB...
LME aluminium benchmark price moves down to US$2366/t; SHFE price loses US$3/t
On Thursday, LME aluminium opened at US$2,392 per tonne, with a high of US$2,410 per tonne, a low of US$2,363 per tonne, and closed at US$2,378 per tonne, down US$21.5 per tonne, a decrease of 0.90 per cent. On Thursday, September 5, both LME aluminium cash bid price and LME aluminium official...
China’s aluminium processing industry PMI hovers below 50% in August despite M-o-M growth
China’s comprehensive Purchasing Managers’ Index (PMI) for the aluminium processing industry witnessed an increase of 1.8 percentage point month-on-month, yet stood below the 50 per cent mark during August 2024, owing to the persistent traditional off-season in the domestic market. According to the...
Editor's Pick: From space to transportation, aluminium's expanding role in our daily lives
As a writer, the world of aluminium has always intrigued me to ask – 'What's next?' With every passing day, the use or the reach of aluminium goes beyond the realm of imagination. Aluminium's importance is not just limited to the industrial sector but has also reached the unexplored terrains of...
China’s A00 aluminium ingot price declines by RMB 30/t amid stable raw material prices
China’s A00 aluminium ingot price has continued to decline on Thursday, September 5, albeit at a slower rate. According to the Shanghai Metals Market survey, the price dwindled by RMB 30 per tonne, reaching at RMB 19,300 per tonne. The average prices are estimated to range between RMB 19,280 per...
China’s alumina spot price stands at a 3-year high; A00 aluminium ingot price sheds off RMB160/t
China’s domestic average alumina spot price has continued to increase for the third day in a row, accumulating RMB 6 per tonne on Wednesday, September 4. According to the Shanghai Metals Market, the price has settled at RMB 3,938 per tonne, marking a week-on-week jump of RMB 17 per tonne and...
Volkswagen on cost curtail drive with plant closures amid raw material and production challenges
Volkswagen Group, a German public multinational conglomerate manufacturer of passenger and commercial vehicles, is reportedly considering closing one of its large vehicle plants and one component factory in Germany as part of the ongoing cost-cutting drive at its core VW brand. Cost curtail goal...
China's Commerce Ministry reveals countermeasure plans against Canada for aluminium tariff impose
On Tuesday, China's Ministry of Commerce (MOFCOM) announced decisive countermeasures against Canada in response to its decision to impose additional tariffs on Chinese imported products, including aluminium, electric vehicles (EVs), and steel. These measures include plans to initiate dispute...
