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...
Aluminium news
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,...
Global Primary Aluminium Production Increases in July 2024, Driven by Higher Daily Output
Global primary aluminium production reached 6.194 million tonnes in July 2024, an increase from 6.084 million tonnes recorded in the same month last year. This growth corresponds to an average daily production of 199,800 tonnes, up from 195,100 tonnes per day in July 2023 and 199,400 tonnes per day in the previous month of June 2024. These figures, which include...
Tiwai Point Aluminium Smelter Reduces Power Usage Amid New Zealand Energy Crunch
The Tiwai Point aluminium smelter has agreed to further cut its electricity consumption by an additional 20 megawatts (MW) as New Zealand grapples with an ongoing energy shortage. This reduction is on top of the 185MW demand cut the smelter recently implemented at the request of Meridian Energy, highlighting the severity of the current energy situation in the country. The...
Weekly Metals News Digest – August 12-16
Significant Accumulation of Lead and Zinc in Singapore The London Metal Exchange (LME) warehouses in Singapore have seen a substantial accumulation of lead and zinc, reaching nearly 430,000 tons—a tenfold increase since May 2023. This growth is attributed to two main factors: a global economic slowdown that has dampened demand for base metals, and a slower-than-expected rise in industrial production...
Vedanta Aluminium Appoints Luca Zipponi as CEO of Rolled Products
Vedanta Aluminium has appointed Luca Zipponi as the CEO of its Rolled Products division. Zipponi, who brings over 30 years of experience in operations and strategy, will be responsible for driving growth and managing all operations related to the product group. These products have applications in various sectors, including automotive, insulation, power projects, electrical, and packaging. Zipponi’s extensive background, including...
Rio Tinto Secures Agreement with Queensland Government to Sustain Boyne Smelters’ Future
Rio Tinto has signed a key agreement with the government of Queensland, Australia, aimed at securing the long-term viability of the country’s second-largest aluminum smelter, Boyne Smelters. The Anglo-Australian mining giant announced on Thursday that the Queensland government has committed to supporting the financial stability of the smelter from 2029 as it transitions to renewable energy sources. The support will...
Nonferrous Metal Prices Rise Amid U.S. Rate Cut Hopes, But High Inventories Limit Gains
Prices for most nonferrous metals saw an uptick on Thursday, supported by the potential for a U.S. interest rate cut, though high inventories and disappointing economic data from China curbed the extent of gains. Three-month copper on the London Metal Exchange (LME) inched up 0.2% to $8,985 per metric ton by 0530 GMT, while the most-traded September copper contract on...