Aluminium prices gained 0.43 per cent as reduced Gulf production and low exchange inventories supported the market, while Chinese output and capacity restarts could limit further gains. Aluminium prices settled 0.43 per cent higher at INR 348.65 (USD 3.63) as tight physical supply conditions supported the market. Disruptions linked to the US-Iran tensions have affected aluminium availability from the Gulf region, with Gulf Cooperation Council (GCC) production falling 44 per cent year-on-year in July. Low exchange inventories have added to supply concerns. London Metal Exchange (LME) stocks remained near a 36-year low, while inventories on the Shanghai Futures Exchange (SHFE) declined 4.7 per cent from the previous week. However, expectations of improving supply have limited the market’s...
Leading Indian aluminium producer Vedanta has renewed its push to revive bauxite mining at Odisha’s Niyamgiri hills, about 13 years after the proposed project was shelved. With Niyamgiri hosting around 80 million tonnes of bauxite reserves, the renewed proposal brings the resource potential of the Kalahandi-Rayagada belt back into focus. Vedanta Chairman Anil Agarwal discussed reopening the Niyamgiri bauxite mining project with Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar on September 26. Agarwal mentioned that the discussion addressed employment opportunities for involved tribal communities. “Today it was discussed for reopening of Niyamgiri. The affected tribals should be given jobs,” Agarwal stated. The state government also indicated that steps would be taken towards the...
Grow with
AL Circle
LME aluminium opened at US$2,177 per tonne on Thursday, with its high and low at US$2,182.5 per tonne and US$2,154 per tonne, respectively, before closing at US$2,154.5 per tonne, a decrease of US$20.50 per tonne or 0.94 per cent from the previous trading day. On August 24, the LME aluminium live price chart showed slightly dampening traits, with the LME aluminium cash bid price and the LME aluminium official price lowering by US$9.50 per tonne or 0.45 per cent, to officially close at US$2,119 per tonne and US$2,119.50 per tonne, respectively. The LME aluminium price has fallen by US$97.50 per tonne or 4.39 per cent over this month if we consider the official price on August 1, which was US$2,217 per tonne, as per the data from London Metal Exchange. The LME 3-month bid price has slumped...
SkyQuest forecasts that the European food can market will be worth $28.08 billion by 2030, with a CAGR of 4.4 per cent from 2023 to 2030. Aluminium food cans are expected to dominate the European food can industry, with a CAGR of 2 per cent in the future. Because of its lightweight nature and greater strength, aluminium is favoured for manufacturing food cans. Because of these qualities, aluminium cans are simple to handle, transport, and store while keeping and safeguarding food. Turkey's marketplaces are positioned to dominate the European food can market, owing mainly to the country's expanding food and beverage (F&B) business. Turkey's growing F&B industry has generated substantial demand for food cans, enhancing the market's development potential. Furthermore, the country's quickly...
Founded in 1998, RAC Extrusions Limited manufactures aluminium profiles, sections, pipes, sheets, solar panel mounting structures, etc. The Haryana-based company has been successfully registered under the world's first B2B platform, AL CircleBiz, with 1500+ certified aluminium product sellers. AL CircleBiz is the world's first global marketplace, connecting millions of buyers and sellers along the aluminium value chain. It is a devoted platform to the aluminium industry and witnessed enormous growth in both supply and demand within six months of its launch. RAC Extrusions is also known for offering products like: Aluminium Window Extrusion Profiles Aluminium Extrusion Sections Aluminium Rectangular Tube Aluminium Pipe Aluminium Gate Profile They aim all of their actions towards satisfying...
Hindalco Industries Limited plans to invest around INR 2,000 crore to bring new extrusion and fabrication technologies to India, critical to the country's construction of Vande Bharat trains with aluminium bodies . The announcement was made by Kumar Mangalam Birla, chairman of Hindalco Industries Limited, at the company's 64th annual general meeting (AGM). "We are excited to partner the Indian Railways and the passenger coach manufacturing ecosystem for the ambitious high-speed Vande Bharat trains. An investment of ₹2,000 crore is planned for the project and technology tie-ups are in place to bring new extrusion and fabrication technologies to India," said Kumar Mangalam Birla, chairman of Hindalco. The company also announced another investment of INR 2,000 crore to build India's first...
Chandrayan-3’s Vikram lander, making Indians proud worldwide, has successfully dispersed the Pragyan rover on the Moon’s surface. This makes India the first country to soft-land on Moon’s South Pole, creating history. But what intrigued us the most was what followed after the landing. On August 23, as the world had its eyes fixed on this enigmatic phenomenon orchestrated by ISRO, the Vikram lander found its spot on the Moon exactly at 6.04 p.m. IST. Upon complete powering of the Vikram lander, the Pragyan rover was deployed, which required over four hours for complete rollout. The lander unit consisted of both the Pragyan rover and the Vikram lander and was transported to a 100-kilometre circular lunar orbit by the propulsion module. Following this, the propulsion and lander modules were...
The United States aluminium crude metals and alloys imports totalled 407,000 tonnes in May 2023 after escalating by 32,000 tonnes or 8.53 per cent from 375,000 tonnes in April. The import volume in the earlier month (March 2023) stood at 316,000 tonnes, meaning the US imports grew by 18.67 per cent sequentially in the subsequent month, according to the US Census Bureau. The above data reflects a month-on-month hike in the US aluminium crude metals and alloys imports during March-May following a drop in February by 28.99 per cent from 307,000 tonnes to 238,000 tonnes. Overall, the import volume showed a growing trend year-to-date. On a year-on-year calculation, the United States aluminium crude metals and alloys imports slightly grew by 3,000 tonnes from 404,000 tonnes, learned USGS. From...
According to the International Aluminium Institute (IAI), total primary aluminium production in July 2022 was 5.889 million tonnes, which dropped by 28,000 tonnes or 0.47 per cent to officially close at 5.861 million in July 2023. On a global scale, the annual primary aluminium production in 2021 was 67.092 million tonnes, which on the other hand, increased by 1.369 million tonnes or 2.4 per cent to settle at 68.461 million tonnes in 2022. Among the largest primary aluminium-producing regions, Russia and Eastern Europe contributed almost 4.139 million tonnes of primary aluminium in 2021, falling by 58,000 tonnes or 1.4 per cent to anchor at 4.081 million tonnes in 2022. In Q1 2022, the total primary aluminium production was 1.013 million tonnes, which plunged by 16,000 tonnes or 1.58 per...
Aerobal, the international organisation representing aluminium aerosol cans manufacturers, has reportedly announced the winners of the industry’s prestigious competition, ‘World Aluminium Aerosol Can Award 2023’. Nivea’s pearl & beauty antiperspirant, produced by the German can manufacturer Tubex, won the award for the category ‘cans already on the market’. The fascinating design and eye-catching colour scheme of the packaging brought the award. The can evokes a luxurious charm because of its dark aubergine colour with a translucent effect, enabling the reflection of aluminium. The pearl printed on the can in the finest gradients is another flavour of richness to the packaging. This unique colour scheme proves that lighter colour is not contaminated with the darker hue and that the dark...
A 37-year-old artist from Nigeria has figured out the most innovative way to create art with a sustainable approach toward it. Chibuike Ifedilichukwu collects and recycles aluminium cans to design bigger-than-life portraits of famous personalities to raise awareness in his nation. A photographer, curator, graphic designer, printmaker by passion, and an artist at heart, Chibuike has created over 40 upcycled artworks from waste materials that would otherwise end up in landfills. He exhibits his recycled aluminium items on domestic and international platforms, having sold some pieces at $1,000 each. The artist’s success should not be measured by the amount of money he makes but by the idea with which he appeals to the masses. Chibuike’s intense thoughtfulness for nature has led him to...
Aluminium is the second most extensively used metal in contemporary society, after steel. Due to its varied features, it has experienced substantial growth in usage in recent decades in transportation, construction, packaging, and electrical engineering. For decades, the aluminium sector has had a bad reputation for being locked in the same technical paradigm. The emergence of digital transformation technology is slowly but surely chipping away at this unfavourable image. Aluminium smelters use cutting-edge digital technologies such as AI, Machine Learning, IoT, and Remote Sensing to automate and enhance their decarbonisation efforts. Using artificial intelligence to sort mixed aluminium alloy scrap Sorting aluminium alloy scrap requires an investment of both time and human resources....
Aluminium foil is the most preferred choice of raw material in the packaging industry because it acts as a total barrier to light and oxygen, odours and flavours, and moistness and germs. Hence, there is an estimate for robust growth of the global aluminium foil market in ten years, from US$26.3 billion in 2022 to US$42.3 billion in 2032, at a compound annual growth rate (CAGR) of 5%. To this significant growth contributes the United States and Europe, with a market value of USD 8.69 billion in 2022, which is also likely to grow at a CAGR of 5% till 2030. The United States accounts for a symbolic consumption of aluminium foil globally and also considered a prominent producer. AL Circle, in one of its articles in 2017 , posted that Amcor, Novelis, ACM Carcano, Reynolds Group Holdings,...
The landscape of India's imported aluminium scrap market showcased a blend of trends this week, with nuances across different regional sectors. The infusion of offers remained constrained, predominantly attributed to the roller-coaster ride in the future, a factor that played into the reduction of buying inquiries. Consequently, transactions were in a state of moderation, primarily concentrated within specific geographic pockets. The subdued demeanour of the metal futures platform cast a shadow over the enthusiasm of market participants. Nevertheless, a subtle revival in the futures arena has begun to make its presence felt in recent times, potentially casting its influence over both the ebbs and flows of trading volumes and the trajectory of price trends. The global aluminium arena...
South32, with its heterogeneous mining portfolio, has recorded a 20% revenue plunge in FY 2023 ending in June, with the company incurring a loss of $173 million preceded by a non-cash impairment of $1.3 billion for its Taylor deposit at the Hermosa project. The revenue for FY 2023 plummeted from $9.2 billion to $7.4 billion. In 2022, an estimated profit after tax deduction was $2.6 billion, which altered vehemently this year, marking a loss of $173 million. In light of confirmed independent development potential for both the Taylor zinc/silver/lead deposit and the Clark battery-grade manganese deposits, South32 had previously announced non-cash impairment expense related to the Taylor deposit. To comply with accounting regulations, the company assessed each deposit and regional...
China Aluminium International Engineering (CHALIECO) reported a net loss of RMB 831 million attributed to shareholders during the initial half of 2023. This starkly contrasts with a profit of RMB 124 million documented in the same period the previous year. Notably, increased charges for asset impairment primarily influenced the negative financial result. Chalieco stands as a prominent Chinese engineering company with diverse operations encompassing engineering design and consultancy, engineering and construction contracting, as well as equipment manufacturing. This company holds the 124 th position among the world's largest construction firms, according to Engineering News-Record's 2013 ranking. It operates as a subsidiary of the Aluminium Corporation of China (Chinalco), which holds 83...
As of April 1, 2021, South Korea's automotive industry ranks as the world's fifth-largest passenger car producer and holds the seventh position globally regarding vehicle sales. The sector is on an upward trajectory, constituting 13 per cent of manufacturing production and 12 per cent of overall workforce engagement in South Korea. Projections indicate that by 2032, the Hyundai Motor Group, encompassing Hyundai, Kia, and Genesis, is poised to secure the third spot in sales among manufacturers. However, it has been reported that the automobile industry in South Korea maintained its positive momentum in July 2023, showing production growth compared to the same period last year. Nevertheless, there was a decrease in domestic sales when year-on-year figures were examined. In July 2023, the...
China’s Beijing, Tianjin and the Hebei region has endured significant rains since July 29 due to typhoon "Dusuri." In this respect, the Prevention and Rescue Headquarters of Minmetals Nonferrous North China Aluminium Co., Ltd. (hereafter referred to as North China Aluminium) reacted fast, "a game of chess", to establish a safety barrier. To ensure the safety of the project construction during the early stages of heavy rain, cadres and employees added generator sets and multiple drainage pumps in the rain, dug through the reservoir's cofferdam, and dug two gaps in the wall, which resolved the rainwater backfilling time and time again. The danger of waterlogging in Zhuozhou City, Hebei Province, has increased due to causes like exceptionally heavy rains and flooding of upstream rivers, and...
Gurgaon-based automotive components supplier Sandhar Engineering has declared the fruitful commissioning of a high-tech parts manufacturing plant in Mysore, Karnataka. The company is a prime supplier of automotive locking & security systems, zinc and aluminium die-casted components and other structural parts to two-wheeler or car giants like Royal Enfield, Ashok Leyland and Tata Motors. The company’s aluminium PDC components designated for cars, commercial vehicles or two-wheelers are forged in Barcelona, Mexico and Bawal. They have an impressive capacity of 120 tonnes to 550 tonnes in manufacturing aluminium alloy die-casted parts. Sandhar is a tier 1 supplier for the two-wheeler market and the passenger and commercial vehicle arena in India. This new establishment was publicised through...
China’s alumina spot price has skipped RMB 1 per tonne upwards, officially closing at RMB 2,913 per tonne. The alumina spot price in Shandong has levitated by RMB 10 per tonne, stopping at RMB 2,875 per tonne, while the alumina price in Shanxi has stepped up the graph by RMB 5 per tonne, closing at RMB 2,930 per tonne. If we consider the alumina spot price on July 24, which was RMB 2,849 per tonne, it can be seen that there is a Month-on-Month influx of RMB 64 per tonne or 2.25 per cent. But if we record the US$2,953 per tonne alumina price on August 24, 2022, calculations suggest there has been a Year-on-Year downfall of RMB 40 per tonne or 1.37 per cent. The Shanghai Metals Market on August 24 displayed a subtle drop in prices, with the SMM A00 aluminium ingot price closing at RMB...
