A global aluminium producer has proposed raising the premium for October-December primary metal shipments to Japan to $185 per metric ton, reflecting an 8% increase from the previous quarter’s premium of $172 per ton. This offer, made on Tuesday, highlights the tightening supply of aluminium in Asia as some shipments are being redirected to Europe and North America, where premiums...
Aluminium news
IAC Expands Aluminum Plant in Tartu, Boosting Employment and Production Capacity
Estonian real estate developer Reterra and International Aluminium Casting (IAC) have completed an expansion of IAC’s aluminum plant on Vaksali Street in Tartu. The expansion has effectively doubled the plant’s size from 4,500 to 9,000 square meters, leading to a nearly 25% increase in the number of employees at the Tartu facility. Dan Nilsson, CEO of IAC Sweden, highlighted the...
Canada Set to Impose Tariffs on Chinese Electric Cars, Aluminum, and Steel
Canada is planning to introduce significant tariffs on imports from China, including a 100% duty on electric vehicles and a 25% duty on Chinese-made aluminum and steel, according to sources familiar with the matter. This move aligns Canada with similar actions taken recently by the European Union and the United States. The decision follows recent developments in Europe, where the...
Deyang Tianhe Machinery to Establish Aluminium Alloy Auto Parts Project in Guangyuan Economic Development Zone
The Guangyuan Economic Development Zone’s management council has finalized an investment agreement with Deyang Tianhe Machinery Manufacturing for a new production facility focused on aluminium alloy auto parts. This new project aims to produce lightweight car components with an annual capacity of 30,000 tonnes and represents an investment of RMB 1 billion. Once fully operational, the project is expected to...
Hammerer Aluminium Industries Unveils New Extrusion Press Line and Logistics Centre in Austria
Austria-based aluminium supplier Hammerer Aluminium Industries (HAI) has officially inaugurated its new P61 extrusion press line and logistics centre at its Ranshofen headquarters. The event, which attracted figures from both local government and business sectors, marked the successful conclusion of a significant €125 million investment initiative that HAI began in 2022. The new P61 press line represents a substantial enhancement...
Emirates Global Aluminium Expands into US Market with Spectro Alloys Acquisition
Emirates Global Aluminium (EGA) has announced plans to acquire an 80% stake in American aluminium recycling firm Spectro Alloys Corporation, marking a significant move in EGA’s global expansion into aluminium recycling. The acquisition, pending regulatory approval, will strengthen EGA’s presence in the United States, one of its largest global markets. Spectro Alloys, established in 1973 and located in Rosemount, Minnesota,...
Exlabesa Expands Aluminium Recycling Capacity in Spain with Advanced Hertwich Technology
Exlabesa is set to expand its aluminium recycling operations at its plant in A Coruña, Spain, by increasing its production capacity with the installation of new technology supplied by Hertwich Engineering, a company under the SMS group. The upgrade includes the addition of a continuous homogenising furnace, complete with an air cooling station, a long-billet stacker, and a semi-automatic PET...
Thailand Investigates Chinese Aluminium Imports Amid Domestic Complaints
Thailand’s Department of Foreign Trade has initiated an anti-dumping investigation into extruded aluminium imports from China, following complaints by local manufacturers who argue that these imports are damaging domestic production. The decision to launch the investigation was made by Acting Thai Prime Minister and Commerce Minister Phumtham Wechayachai, who responded to growing concerns about the influx of low-cost foreign goods...
Aluminium Prices Expected to Rise Amid Tight Supply and Weaker Dollar, Despite Surplus Outlook
Aluminium prices, which have dropped 9% since peaking at $2,695 per tonne in May 2024, are likely to rebound due to ongoing supply constraints, according to market analysts. The metal recently hit a five-week high, driven by alumina shortages in China, and analysts predict further price increases throughout the year despite a slightly more positive supply outlook for the second...
Analysts Predict Aluminium Price Recovery in 2024 as Supply Stays Tight
Aluminium prices, which have dropped by about 9% since hitting a two-year high of $2,695 per tonne on May 29, 2024, are expected to rise again due to tight supply for the remainder of the year, according to industry analysts. The metal reached a five-week high on Tuesday, driven by an alumina shortage in China caused by rising consumption. BMI,...