European Aluminium Unveils Plan to Cut Emissions, Achieve Circular Economy
European Aluminium, the main body representing Europe’s aluminium industry, has unveiled a new strategic plan to boost recycling rates in...
Business
Coronavirus-Proof Aluminium: Canada’s A3 Surfaces Promises Solution
A Quebec company claims to have devised a process that could render aluminium products COVID-19 proof. A3 Surfaces has been working since 2009 on a technology that incorporates and seals antimicrobial agents in aluminium surfaces and products. If it receives regulatory approval,...
WTO Trouble For US as India Files Complaint Over Aluminium and Steel Derivatives
According to reports, India is invoking the World Trade Organisation’s (WTO’s) safeguard agreement against American authorities over the Trump administration’s...
Rusal Inks Long-Term Contract With Glencore Worth $16.3 Billion
Aluminium major Rusal has signed a long-term aluminium supply deal with Swiss trader Glencore worth $16.3 billion, according to a...
Events
DoC Initiates Investigation into Aluminium Sheet from 18 Countries
With aluminium prices at multi-year lows, a petition signed by the US Aluminium Association and a number of industry players such as Aleris, Arconic, Constellium and Novelis was approved by the Department of Commerce on March 31st. They allege dumping margins raging from 12.5% to 151%. The Department headed by Wilbur Ross announced the initiation […]
ShFE Aluminium Stocks Decline and CRU Predicts 4 Million Tonne Surplus In 2020
Data shows that aluminium stocks on the Shanghai Futures Exchange (ShFE) have fallen for the first time in 2020, going down by 5,922 tons, or 1.1% from the previous week. However, as the coronavirus outbreak spreading across the global has weakened demand, China is likely to see its aluminium exports decline. Wen Xianjun, vice chairman […]
To Cut Or Not To Cut: Chinese Aluminium Smelters Face Growing Dilemma
According to latest figures provided by Aladdiny, Chinese aluminium smelters have axed up to 340,000 tonnes in annual production due to the coronavirus pandemic, mostly by putting ageing potlines under maintenance. The Shanghai aluminium price hit a three-year nadir, hovering around $1600 (11,340 yuan) a tonne on March 24th, while the Middle Kingdom’s annual production […]
Coronavirus Moves LME Trading Online, Aluminium Crashes
For the first time since World War II, the London Metal Exchange temporarily closed trading in response to the ongoing COVID-19 health crisis, moving its activity online. This follows after it moved last week to Chelmsford, a small town in Essex, in order to “minimize the transit” of employees and traders through London. On March […]
Vedanta Plans Capacity Increase To 1.8 Million MTPA At Lanjigarh Alumina Refinery In Coming Fiscal Year
Indian aluminium producer Vedanta said last week it expects to ramp up production at its Lanjigarh alumina refinery by 300 thousand metric tons per annum in the coming fiscal year. The firm said it plans to ramp up the site’s existing capacity of 1.5 million metric tons per annum to a total of 1.8 million […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
