August 21, 2023

China's aluminium imports rise 20% in July amid low stocks

BEIJING, Aug 18 (Reuters) - China's aluminium imports jumped 20.1% in July from a year earlier, customs data showed on Friday, due to low stocks and expectations for stronger demand in the autumn season.

August 21, 2023

Citi Buys $160 Million of Russian Aluminum Others Won`t Touch

(Bloomberg) -- Citigroup Inc. has bought about $160 million of Russian aluminum from the London Metal Exchange, something many banks have refused to touch since the invasion of Ukraine. The US bank was behind requests to deliver about 75,000 tons of aluminum out of warehouses in Gwangyang, South Korea, that were reported by the LME on Friday, according to people familiar with the matter, who asked

August 17, 2023

Automakers increasingly interested in green aluminium: Novelis

[The place where we see some enthusiasm and willingness - selectively, not across the board - is the automotive segment," Dev Ahuja, executive vice president and chief financial officer, told Fastmarkets on Thursday August 3. [We do have customers who are wanting to have a commitment on the tonnes [of carbon per tonne of aluminium]. They are open to discussing a pass-through of the green premium." At a level o

August 17, 2023

Weak aluminium packaging sector weighs on Constellium results, despite improving automotive shipments

In its second quarter, which ended on June 30, Constellium`s packaging and automotive rolled products (P&ARP) segment reported a 7% year-on-year decrease in shipments at 272,000 metric tons due to lower shipments of packaging and specialty rolled products, which were partially offset by higher shipments of automotive rolled products. The segment`s revenue of €1 billion ($1.1 billion) was down by 22% year

August 17, 2023

Base metals price mixed forecast on China stimulus pressure

Rising supply headwinds for aluminium prices The Chinese government is under immense pressure to support the country`s sluggish economic recovery. During a meeting of the 24-member Politburo of the ruling Chinese Communist Party, China`s top leaders signaled that more support is on the way to help its troubled real estate sector, boost consumption and resolve local government debt. But they

August 17, 2023

China stimulus policies key to sustaining base metal price rises, Sucden Financial says

Sucden Financial`s head of research, Daria Efanova, said at the company`s third-quarter metals webinar, [We continue to pay attention to the Beijing story and stimulus in particular." She added that [we have seen some recent upside in base metals, supported by the release of stimulus measures by China. The Politburo meeting last week, especially, really propped up confidence."

August 17, 2023

Aluminium can inventory surplus will clear by 2025: SDI CEO

The company plans to produce 300,000 tonnes of cans, 200,000 tonnes for automotive products and 150,000 tonnes for industrial products at the plant, which is the first such facility in the US to be built in 40 years. SDI`s chief executive officer Mark Millett said during the company`s second-quarter earnings call on Thursday, July 20, that he believes that buyers [panicked" in 2022 and loaded up on can invento

August 17, 2023

Glencore beefs up industrial aluminium activities | Hotter Commodities

The next logical step would be for Switzerland-based miner-marketer Glencore to grow in aluminium. The case is especially compelling given that Glencore`s near seven-million-tonne aluminium supply deal with Russian producer Rusal, via its parent EN+ Group, comes to an end in 2024.

August 16, 2023

Flood Of Russian Aluminum Undermines Accuracy Of LME Prices

MetalMiner actively posts on a variety of metals and market developments. However, we prefer to discuss topics that our clients bring to us, especially those that keep buyers awake at night. One such topic that has been recurring over recent months is the anxiety surrounding the LME aluminum quotation. Specifically, there has been a lot of talk over the LME`s potential failure to reflect the true value of global aluminum prices. Although it may be an oversimplified statement, it is essential to note

August 16, 2023

Global demand has been weak, and expectations of a recovery in China lifting prices haven`t borne fruit.

Aluminium prices have stayed around $2,177 per tonne in the ongoing quarter. Notably, these prices are significantly lower than they were during the previous year. LME aluminium prices had averaged $3,273 a tonne and $2,883 a tonne during the first and second quarters of 2022, respectively. Aluminium prices remained firm during the first half of 2022 after Russia invaded Ukrai

August 16, 2023

Weak outlook for aluminium as demand, prices will take time to recover

NEW DELHI :Falling aluminium prices that eroded the profitability of manufacturers over the past year are likely to remain range-bound in the second half of FY23, too, experts said.

August 16, 2023

Aluminium market is creaking as traders brace for excess stocks

Spot aluminium prices have been trading at the biggest discount to futures on the London Metal Exchange (LME) since the global financial crisis, as weak demand for one of the most widely used industrial commodities reignites fears of a glut of unwanted Russian metal. The aluminium market is coming under pressure from a sharp downturn in demand, combined with a rebound in supply in top producer Chi

August 16, 2023

Weak demand sends near-term LME aluminium discount to highest since 2008

LONDON, Aug 15 (Reuters) - The discount on aluminium for near-term delivery compared with the three-month contract on the London Metal Exchange (LME) has reached its highest since the global financial crisis of 2008, indicating weak demand and

August 16, 2023

Aluminum Rebound in China,A Problem Worth Considering

However, due to an increase in water supply, China`s domestic production rebounded by an annualized three-quarters of a million tons over the second quarter. This raises the serious risk that Chinese imports of Russian material will decline in the second half of the year. Meanwhile, Russia has continued finding customers for its primary metal. However, European aluminum producers are now voicing concerns about Turkish semi-finished products flooding the market, supported by cheap Russian primary met

August 16, 2023

Falling steel prices reveal glut of demolitions to come

The declining price of steel prices are a barometer for the rise in demolitions in the container shipping sector according to Braemar, the London-based shipbroker. Given that scrapping prices were at a high in March 2022, at US$685ldt, as vessels delivered for demolition fell to a measly four ships in the year, prices have taken a plunge as the scrappage rate has accelerat

August 10, 2023

China`s primary aluminium imports mount to 430,500 tonnes during January-June 2023

According to the Shanghai Metals Market data, China`s primary aluminium imports reached 89,400 tonnes in June 2023, registering an increase of 20.7 per cent month-on-month and a surge of 213.6 per cent over a year. The primary aluminium exports in June totalled 32,900 tonnes - 187 per cent more than in May 2023 and 400 per cent higher than in June 2022.

August 10, 2023

Aparna Enterprises plans to invest INR 50 crores to expand its aluminium business

Aparna Enterprises, India's fastest-growing construction materials company, plans to spend INR 150 crores in FY24 to expand its operations and match the industry's increasing demand. A further INR 50 crores will be invested in Aparna Enterprises' tile, ready-mix concrete (RMC), and aluminium operations. This strategic commitment demonstrates the company's constant commitment to producing high-quality goods and services that meet India's ever-changing infrastructure demands.

August 10, 2023

EGA encourages the use of wearable technology to detect body heat in UAE`s scorching summer

Emirates Global Aluminium, a prominent industrial organisation in the United Arab Emirates, has recently announced its successful expansion of the Kenzen wearable technology platform. This revolutionising technology has been made available to 350 employee volunteers as part of EGA's 'Beat the Heat' initiative this summer.

August 10, 2023

Sustainalytics awards AMAG the world's highest sustainability rating

AMAG Austria Metall AG, the biggest company in the Austrian aluminium industry sector, recently achieved the best ESG rating from Sustainalytics yet again. Of 39 aluminium companies being evaluated worldwide, AMAG won the best rating, which testified the company had the lowest environmental risks.

August 10, 2023

Brazil`s integrated aluminium company CBA reschedules its capex program

The Brazilian integrated aluminium company Companhia Brasileira de Alumínio (CBA) operates in an integrated manner, from mining to the final product has adjusted its capital expenditure (capex) program's timeline due to a progressively demanding price environment. In its Q2 f

August 09, 2023

Warwickshire solar farm to power 14,500 homes is approved

A giant solar farm that will power 14,500 homes in Warwickshire has narrowly won planning permi

August 09, 2023

Where we can co-locate solar photovoltaics alongside infrastructure that would be there anyway

There aren't many other obvious downsides to the canopies, though, says Richard Watkins at the University of Kent. He notes that installer

August 09, 2023

It is often cheaper to simply put solar panels on the roof of large buildings

Rival companies that spoke to the BBC also described high demand for solar car park canopies.

August 09, 2023

China's newly installed solar capacity, module exports jump in Q1

China saw robust growth in newly installed solar power capacity and exports of photovoltaic modules,such as: