AlCircle News Edited By "Debanjali Sengupta"
Debanjali Sengupta is a passionate content writer with 10 years of experience in Business writing, Web Content writing, Blogging, Editing and Research. She is responsible for generating and editing content for AlCircle Newsletter and other online and offline content for enhancing the brand value and its visibility among global users.
ALRO S.A., the first European aluminium facility to have received the new ASI Performance Standard V3 Certification
ALRO, one of the largest vertically integrated aluminium producers in Europe, has reportedly bagged the new updated ASI Performance Standard V3 (2022) Certification for its ALRO S.A. operations in Slatina, Romania. ASI has issued its new updated ASI Performance Standard certification for the first time to a European company. Through the certification, ASI has acknowledged ALRO’s production and sale of aluminium alloy slabs, billets, wire rods, and plates and sheets with the use of the processes like castings, hot rolling, homogenization, heat treatment, mechanical processing, finishing and testing. ALRO in Slatina has a production capacity of 265,000 TPA of electrolytic aluminium, 47,000 TPA of secondary aluminium, 332,000 TPA of primary aluminium cast products, and 90,000 TPA of flat...
Hindalco’s aluminium wire rod price dips by INR1500/t on January 31
Hindalco Industries Limited has trimmed its aluminium products and aluminium ingot prices, with effect from January 31, following a surge in the previous week. The company has cut its aluminium wire rod price by INR 1,500 per tonne to sell the product at INR 252,100 per tonne versus INR 251,600 per tonne on January 25. Hindalco’s aluminium billets price has also been reduced by INR 1,500 per tonne, with effect from January 31, from INR 256,600 per tonne to INR 255,100 per tonne. Aluminium ingot price is no exception but also seen a cut of the same amount to stand at INR 241,000 per tonne as of January 31. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which dropped by US$29 per tonne during January...
World alumina production in 2022 improves slightly Y-o-Y to 139 Mt; China's contribution accounts for 56.6%
According to the International Aluminium Institute, world alumina production in 2022 totalled 139.02 million tonnes, reflecting a marginal growth of 0.31 per cent from 138.587 million tonnes last year. China, the world’s leading alumina producer, contributed the highest to 2022 output by producing 78.695 million tonnes versus 75.259 million tonnes in 2021. That was an increase of 4.57 per cent in China’s annual alumina production in 2022. However, IAI shows China’s alumina production in the fourth quarter of 2022 recorded a 3.31 per cent drop to 20.025 million tonnes from 20.71 million tonnes in Q3 2022; nonetheless registered a hike of 7.38 per cent on the year from 18.649 million tonnes. World alumina production in Q4 also stood lower over the quarter, from 35.621 million tonnes to...
Glencore delivers 40,000 tonnes of Russian aluminium to LME-approved warehouses in South Korea
One of the world’s leading marketers of physical commodities, Glencore, has reportedly delivered 40,000 tonnes of Russian aluminium to the LME-approved warehouses in the South Korean port of Gwangyang, two sources familiar with the matter reported to Reuters. The addition of Russian metal to LME warehouses is likely to trigger a fear of LME benchmark price drop, which many producers wish to avoid as their contracts refer to the LME prices. But Glencore, when contacted, declined to comment, while Rusal told Reuters it did not deliver any of its metal to the LME system. Since the Ukraine-Russia conflict, many countries and companies imposed sanctions against Russia and chose not to renew contracts with Rusal for aluminium supply. But at the same time, many firms from various industries like...
China’s primary aluminium inventories record 185,000 tonnes of a hike on resumption from the CNY holiday
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas totalled 986,000 tonnes as of Monday, January 30, up 57,000 tonnes from 929,000 tonnes on January 28 and 242,000 tonnes higher than the pre-Chinese New Year level. As of Saturday, January 28, the first day after the week-long Chinese New Year (CNY), the inventories recorded a surge of 185,000 tonnes from pre-CNY level and a year ago. The increase of 185,000 tonnes or 24.9 per cent was in line with SMM's previous forecast. The surge in inventories could be attributed to continued cargoes arrivals over the past couple of days amid limited warehouse withdrawals. The chart below indicates the status of primary aluminium inventories across China as of January 28: Gongyi...
Africa’s primary aluminium production dips 1.45% Q-o-Q in the December quarter of 2022; Total output in the year grows 2%
According to the International Aluminium Institute, primary aluminium production in Africa stood at 140,000 tonnes during December 2023, registering a hike of 11.11 per cent or 14,000 tonnes month-on-month from 126,000 tonnes. On a year-on-year basis, Africa’s primary aluminium output in December’22 edged a slight drop of 2,000 tonnes from 138,000 tonnes. In the fourth quarter of 2022, Africa’s primary aluminium production totalled 407,000 tonnes, down by 1.45 per cent from 413,000 tonnes in the previous quarter despite a monthly rise in December. On a year-on-year calculation, Africa’s Q4 output grew marginally by 1,000 tonnes from 406,000 tonnes, found IAI. The aggregate output of primary aluminium in Africa through 2022 summed at 1.622 million tonnes, up by 2.01 per cent from 1.590...
Novelis Changzhou facility receives the first updated Chain of Custody Standard V2 certification from ASI
Novelis’ facility in the Changzhou National Hi-Tech District, Jiangsu Province, China, has bagged the first updated Chain of Custody Standard V2 certification from the Aluminium Stewardship Initiative. The revised certification was launched in May 2022 following a multi-year revision process. Novelis Changzhou facility produces high-strength and lightweight aluminium sheet for the use in full structural frames, hoods, doors, fenders and many other components for lightweight vehicle structures and body panels. A few months ago, in April 2022, Novelis China received ASI Performance Standard V2 (2017) certification. ASI CoC Standard V2 defines criteria for the creation of a Chain of Custody for material that is produced and processed through the aluminium value chain into diverse downstream...
MYTILINEOS S.A. completes 2022 with a record-high net profit of €466 million
On Thursday, January 26, MYTILINEOS S.A., a leader in the metallurgy industry with vertically integrated bauxite, alumina, and primary and recycled aluminium production, announced the full-year financial results for 2022, revealing a record net profit (after taxes and minority interest) of €466 million versus €162 million in 2021. Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 130 per cent year-on-year from €359 million to €823 million. As per the financial report published by the company, it generated an annual turnover of €6,306 million, up by 137 per cent from €2,664 million in 2021. The recommended dividend was €1.20 per share, up 176 per cent from a year ago. The key takeaway from the report is MYTILINEOS’ net debt position and its reduction to...
NALCO’s aluminium wire rod price grows for the third week in a row to INR247350-251700/t
A week later, since the last hike, National Aluminium Company Limited (NALCO) has further increased its aluminium products and aluminium ingot prices, with effect from Thursday, January 26. This marks the third consecutive escalation in NALCO’s aluminium prices. According to the latest price chart of the company, its aluminium wire rod price is being grown by INR 3,500 per tonne or 1.4 per cent to INR 247,350-251,700 per tonne. NALCO’s aluminium billets price has also seen a raise of INR 3,500 per tonne, with effect from January 26, from INR 243,800-246,450 per tonne on January 18 to INR 247,300-249,950 per tonne on January 26. Aluminium ingot price currently stands at INR 242,850-246,350 per tonne, also up by INR 3,500 per tonne from INR 239,350-242,850 per tonne a week earlier. NALCO...
INALUM is the first company to have received the new ASI Performance Standard V3 (2022) certification
Aluminium Stewardship Initiative has awarded PT Indonesia Asahan Aluminium (INALUM) Persero the Performance Standard V3 (2022) Certification for the smelting plant at Kuala Tanjung, Indonesia. Asahan Aluminium (INALUM) Persero is the first company to have received the updated Performance Standard V3 certification, which was launched in May 2022 following multiple revisions over the years. INALUM produces aluminium ingot, aluminium billet and aluminium alloy, with an approximate production capacity of 250,000 tonnes per year. The ASI Performance Standard V3 certification defines 11 principles and 62 criteria under three sustainability pillars - Environment, Social, and Governance to address pressing sustainability issues in the aluminium value chain, like biodiversity, circularity, and...
Vedanta Aluminium achieves 2nd spot position in S&P Dow Jones Sustainability Index ranking for FY2022
According to S&P Dow Jones Sustainability Index (DJSI), Vedanta Aluminium, India’s largest aluminium producer, has achieved the 2nd spot position in world rankings for the aluminium industry for FY2021-22. The S&P Dow Jones Sustainability Index is the world-class benchmark to assess the companies’ performance in terms of economic, environment, and social criteria. Vedanta Aluminium has moved up two spots from the 4th rank in FY21, turning into the second most sustainable aluminium producer globally. More than 10,000 companies from various industries go through annual assessments of sustainability practices, of which only a few get selected for inclusion in the list. Vedanta Aluminium has achieved better ranking based on Environment, Social and Governance (ESG) criteria, including...
LME aluminium benchmark price loses US$8/t to close at US$2598/t; SHFE is closed for CNY
The LME aluminium benchmark price slipped on Thursday, January 26, after three consecutive days of rise. While the LME aluminium cash bid price shrank by US$8.5 per tonne or 0.33 per cent to US$2,597 per tonne, the LME aluminium official settlement price contracted by US$8 per tonne to stand at US$2,598 per tonne. However, the 3-month bid price and the 3-month offer price recorded an increase of US$2.50 per tonne and US$3.50 per tonne, respectively, to peg at US$2,640 per tonne and US$2,642 per tonne. December 24 bid price and December 24 offer price grew by US$7 per tonne to rest at US$2,780 per tonne and US$2,785 per tonne. The LME aluminium opening stock accumulated 37,875 tonnes on Thursday, January 26, to amount to 419,425 tonnes, following a restraint on the previous day. Live...
Hindalco’s aluminium wire rod price records the first growth this week to INR253600/t
Hindalco Industries Limited increased its aluminium products prices by INR 2,000 per tonne, with effect from January 25. That brought the company’s aluminium wire rod price to INR 253,600 per tonne versus INR 251,600 per tonne on January 21. Hindalco’s aluminium billets price came in at INR 256,600 per tonne as of January 25, compared to INR 254,600 per tonne in the previous week. Aluminium ingot price also saw a rise of INR 2,000 per tonnes on Wednesday, January 25, to reach INR 242,500 per tonne from INR 240,500 per tonne on January 21. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which grew by US$20.50 per tonne during January 20-25 to stand at US$2,606 per tonne. Aluminium operations of the...
ASAŞ Alüminyum receives ASI Performance Standard Certification for aluminium extrusion and FRPs production
Aluminium Stewardship Initiative (ASI) has acknowledged ASAŞ Alüminyum San. Ve Tic. A.Ş. (ASAŞ Alüminyum) with the Performance Standard certification for the manufacture of alumuminium flat rolled products, aluminium profile, composite panels, PVC profiles, and shutter products at its Akyazı and Karapürçek production facilities in Türkiye, and headquarters located in Istanbul, Türkiye. ASAŞ Alüminyum is in aluminium extrusion business since 1992. It produces finished and semi-finished rolled and extruded aluminium products destined for the building and construction, commercial vehicles, rail transport, aerospace, automotive, solar panel, electronics, machinery, consumer goods, lighting, and furniture. On receiving the certification, Derya Hatiboğlu, General Manager at ASAŞ, said: “We...
LME aluminium price moves up for the third day in a week to US$2606/t; SHFE is closed for CNY
The LME aluminium benchmark price continued to grow for the third consecutive day this week, and that too at a higher rate than the two previous days. On Wednesday, January 25, both the LME aluminium cash bid price and the LME aluminium official settlement price grew by US$11.50 per tonne or 0.44 per cent to stand at US$2,605.50 per tonne and US$2,606 per tonne, respectively. The 3-month bid price and the 3-month offer price also recorded an increase of US$11.50 per tonne to rest at US$2,637.50 per tonne and US$2,638.50 per tonne. December 24 bid price and December 24 offer price gained US$10 per tonne to close at US$2,773 per tonne and US$2,778 per tonne. LME aluminium opening stock remained restrained at 381,550 tonnes on January 25, following a spike of 5,600 tonnes on the previous...
Vedanta‘s aluminium wire rod price accumulates INR2000/t on January 25
Vedanta Limited has added INR 2,000 per tonne to its aluminium products and aluminium ingot prices on Wednesday, January 25. That brought the company’s aluminium wire rod price to INR 251,000-258,500 per tonne versus INR 249,000-256,500 on January 21. Vedanta increased its aluminium wire rod price by INR 3,500 per tonne on January 21 to sell the product at INR 249,000-256,500 per tonne. Vedanta’s aluminium billet price has come in at INR 252,500 per tonne as of January 25 versus INR 250,500 per tonne on January 21. Vedanta’s aluminium billet price also saw a hike of INR 3,500 per tonne on January 21. Aluminium ingot price is currently hovering around 243,500-274,000 per tonne, up by INR 2,000 per tonne from INR 241,500- 272,000 per tonne. Vedanta links its aluminium ingot and aluminium...
Dundee Science Centre hosts an immersive exhibition on aluminium drinking cans recycling
Dundee Science Centre in Scotland is hosting an exhibition demonstrating the importance of recycling drinking cans. To turn the show into a real-life experience, Every Can Counts, a not-for profit organisation which promotes aluminium can recycling, has installed an ‘Infinity Room’. It features a giant drinking can and surrounds visitors with an illusion of being surrounded by an infinite number of suspended aluminium cans. During the exhibition, the narrator explains the process of aluminium can recycling and its benefits on the environment. The installation is made of 1500 cans and 25 square metres of mirrors. The ‘Infinity Room’ at Dundee Science Centre is open to all for free from Monday to Sunday, 9am to 4pm. Lorraine Lemon, head of business development at Dundee Science Centre,...
Vedanta Aluminium joins ASI as a new Production & Transformation Member
On Tuesday, January 24, the Aluminium Stewardship Initiative announced the joining of Vedanta Limited (Aluminium Business) as a new Production and Transformation member. Vedanta Aluminium is one of the world’s leading aluminium producers and the largest in India, with operations in Odisha and Chhattisgarh. Vedanta’s aluminium business comprises an alumina refinery in Lanjigarh (Odisha), an aluminium smelter in Jharsuguda (Odisha), aluminium smelter Balco, Korba (Chhatishgarh) with associated utilities and infrastructure in all the locations. Vedanta Aluminium & Power Business abides by the same policies and sustainability standards set by the parent company Vedanta Resources Limited. Vedanta Aluminium has a robust sustainable development framework, which includes a suite of sustainability...
