China plays a dominant role in world aluminium. Any aluminium industry player would know the importance of China aluminium prices in international business. In fact, pricing movements of the raw materials (that go into the process of aluminium making) and downstream products in China major markets are referred to with great inquisitiveness by almost all […]
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AlToolz, offers LME Official Prices for Aluminium (High grade primary aluminium) and Aluminium Alloy (A380.1, 226 or AD12.1 aluminium alloy) Contracts as a part of its premium services. Each of the reference prices published by the London Metal Exchange is derived directly from trading and provides transparent pricing for the global metals market. Below are […]
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Sustainability is the biggest challenge faced by the aluminium industry today. As a basic material, aluminium is intrinsically sustainable, because the basic properties of aluminium do not change during processing. It can be recycled repeatedly without any loss in quality and reused in manufacturing various products. However, the primary production process of aluminium is quite […]
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The latest generation of AGVs for carrying heavy loads throughout aluminum manufacturing facilities – with a significant reduction in vehicle weight – are minimizing maintenance and power requirements by up to 60 percent, delivering a new level of streamlined performance and cost efficiency for primary metals manufacturers. The primary metal industry has long relied on Automated […]
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Aluminium prices have hit a six-month high in China following comments by Chinese Premier Li Keqiang that the country’s economy is showing signs of stabilizing. The metal, which is used in everything from soda cans to mobile phones, closed at 11,740 yuan ($1,804) per metric ton and ended a seven-month losing streak. Aluminium futures, meanwhile, […]
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Aluminum Reduction Cell Life During bullish aluminum pricing cycle, smelter management typically emphasizes increasing production, but during bearish cycles, it turns to cost reduction strategies. Unfortunately most of the smelter’s costs are determined by factors that are beyond the control of internal management. For example: Alumina, coke and power pricing are usually determined by long […]
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Technology and innovation play an important role in achieving sustainable growth and impacting competitiveness. Today, mineral and metal industry across the globe is facing a serious economic crisis due to continuous fall in commodity prices, depleting raw material sources, non-availability of high grade ores, stringent environmental rules and societal expectations. In the era of declining […]
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We are already halfway through the current financial year and the slowdown in the commodity market is showing no signs of letting up. Key “leading indicators” like aluminium have been declining steadily on the London Metal Exchange (LME), hitting fresh lows every day. This trend is clearly indicative of a widespread economic downturn which has […]
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Oil has been the prime industry in Middle East ever since it was discovered in Iran in 1911 by a British Company, the Anglo-Persian Oil Company (APOC). It was not until the 1950s that Middle Eastern countries started enjoying the riches from their oil business. Foreign investments and revenues flowed into Middle East consisting of […]
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The recession which started in 2008 has affected all industry sectors, aluminium being no exception. The LME has since then dropped from a high of nearly $ 3200 per ton at its peak and is now hovering around $ 1800 in the face of lower global demand. That is nearly a fall of 43 %. […]
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