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.
Constellium bags one more jet contract; commits multi-year flat-rolled aluminium supply to Daher
Constellium, a global leader in the development, manufacturing, and recycling of aluminium products, will reportedly supply a wide range of aluminium flat-rolled products to Daher, a French aircraft manufacturer. The news came after Constellium announced on January 10 that it entered into a multi-year aluminium product supply agreement with Daher. This new agreement expands Constellium’s customer profile for business and regional jets. The global aluminium manufacturer will provide flat-rolled products to Daher, particularly for its TBM and Kodiak aircraft. The aluminium product will come from Constellium’s Issoire (France) facility. Under the new contract, Constellium and Daher have agreed to work together on joint supply chain initiatives and product development. The former will assist...
US domestic primary aluminium production improves 3000 tonnes M-o-M in Oct’22, with negligible change in daily output
The United States domestic primary aluminium production in October 2022 stood at 64,000 tonnes, registering an increase of 3,000 tonnes month-on-month from 61,000 tonnes in September, found the US Census Bureau data. But on a year-on-year calculation, the output decreased by 12,000 tonnes or 15.8 per cent from 76,000 tonnes. The United States average daily production of primary aluminium was 2,050 tonnes in October 2022, slightly more than in September 2022 and 16.67 per cent less than 2,460 tonnes in October 2021. Total aluminium recovered from scrap in October 2022 was 283,000 tonnes, up by 3,000 tonnes or 1.07 per cent from 280,000 tonnes a month ago and 14,000 tonnes or 5.20 per cent higher than 269,000 tonnes a year earlier. Of the total scrap recovered, 154,0000 tonnes of aluminium...
Vedanta Ltd lifts its aluminium ingot price by INR7,750/t with effect from January 10
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium wire rod price has come in at INR 230,250-237,750 per tonne, with the latest raise, compared to INR 222,500-230,000 per tonne last week. Aluminium billet price has mounted to INR 231,750 per tonne from INR 224,000 per tonne on January 7. Vedanta has increased its aluminium ingot and aluminium products prices in response to the hike of the three-month futures of aluminium on the London Metal Exchange. On January 9, the LME aluminium benchmark price surged by US$94 per tonne to settle at US$2,336.50...
China’s metallurgical-grade alumina output mounts to 77.68 Mt in 2022 amid energy price surge and pandemic outbreak
According to the Shanghai Metals Market, China’s metallurgical-grade alumina output in December 2022 (31 calendar days) stood at 6.43 million tonnes, reflecting a month-on-month rise of 2.2 per cent from 6.29 million tonnes and a year-on-year increase of 1 per cent from 6.36 million tonnes. But despite the growth in monthly production, the average daily output recorded a downfall of 2,500 tonnes or 1.2 per cent M-o-M from 209,800 tonnes to 207,300 tonnes in December 2022. The monthly growth in December was primarily due to one working day more than the previous month. However, on a year-on-year calculation, China’s daily average alumina output in December’22 recorded 2,000 tonnes or 0.97 per cent higher than 205,300 tonnes. China’s cumulative production of alumina from January to December...
China’s primary aluminium inventories reach 622,000 tonnes on Jan 9, with Wuxi contributing the highest
According to the Shanghai Metals Market, social inventories of primary aluminium accumulated 46,000 tonnes over the weekend across the eight major Chinese consumption areas, including SHFE warrants, as of Monday, January 9. The inventories have come in at 622,000 tonnes versus 576,000 tonnes on Thursday, January 5. On a week-on-week basis, primary aluminium inventories edge 61,000 tonnes higher than 561,000 tonnes on January 3 and 128,000 tonnes up from the end of December. This indicates the primary aluminium inventory has entered a season growth cycle, with a cumulative increase of 145,000 tonnes in four weeks. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has contributed most to the growth on Monday, building up 17,000...
Alcoa to cut 30% production at Kwinana alumina refinery for natural gas shortage
Alcoa Corporation, the world’s eighth-largest aluminium producer, announced on Monday, January 9, that it expects to cut nearly 30 per cent of production at its partially-owned Kwinana alumina refinery in Western Australia. Shortage of gas supplies is the reason behind the production cut, explained Alcoa. A unit of the refinery, majorly owned by Alcoa in a joint venture with Alumina Limited, has already been suspended, and the remaining refinery will face slow operational processes, said Alcoa in a statement. In December 2022, Australia government sought a 12-month price cap on gas and coal prices, but natural gas producers anticipated that might put supply at risk. Kwinana alumina refinery is currently using diesel to fuel its operations instead of gas, as a result of the shortage. Alcoa...
Hindalco’s aluminium wire rod & billets prices shrink by INR1500/t with effect from Jan 7
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the third time in a row since the year 2023 began. With effect from Saturday, January 7, Hindalco has trimmed its aluminium wire rod price by INR 1,500 per tonne from INR 226,600 per tonne to INR 225,100 per tonne. Hindalco’s aluminium billets price has also seen a cut by the same amount to come in at INR 228,100 per tonne versus INR 229,600 per tonne as of January 5. The company’s aluminium ingot price stands at INR 214,000 per tonne, with effect from January 7, down by INR 1,500 per tonne from INR 215,500 per tonne on January 5. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which slipped by US$27.50 per tonne...
Hydro Rein and Atlas Renewable Energy’s solar project secures US$210 million loan; decarbonisng Brazil aluminium industry in progress
Hydro Rein and Atlas Renewable Energy’s joint venture to build the Boa Sorte solar park in Paracatu, Minas Gerais, has secured financial aid, according to the report published on January 6. Hydro said the JV obtained the first US dollar indexed loan executed by Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian Development Bank. The joint venture between Hydro Rein and Atlas Renewable Energy was formed in May 2022 to develop the solar project in Brazil. Albras Alumínio Brasileiro S.A. (ALBRAS), the second-largest aluminium producer in Brazil, is expected to procure power from this solar park to feed its smelter in the state of Para, Brazil. BNDES, for the first time, executed US dollar indexed loan worth $210 million to a renewable energy project after the new...
NALCO reduces its aluminium ingot price by INR9400/t on Jan 6 in line with LME price contract
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from January 6, in line with the plunge in LME aluminium benchmark price by US$95 per tonne through the last week. NALCO has sharply cut its aluminium ingot price by INR 9,400 per tonne from INR 225,250-228,750 per tonne to INR 215,850-219,350 per tonne. NALCO’s aluminium wire rod price has also been reduced by INR 9,400 per tonne, with effect from January 6, from INR 229,750-234,100 per tonne on January 1 to INR 220,350-224,700 per tonne. Aluminium billets price is no exception but seen a cut by the same amount to range between INR 220,300-222,950 per tonne, compared to INR 229,700-232,350 per tonne on January 1. NALCO links its aluminium ingot and aluminium products...
Downstream weekly recap: Craftsman buys 76% share in DR Axion India at INR 3.75 billion; Xingfa Aluminium acquires 4% stake in Guangdong Province Trading
This week noted some crucial developments in the aluminium downstream industry, from Craftsman Automation Ltd.’s investment announcement of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt to Kaiser Aluminium’s 2021 Sustainability Report. Besides, Romanian aluminium components manufacturer Altur declared that it authorised the filing of insolvency proceedings and intended to restructure the company’s operations. Also, Xingfa Aluminium Holdings purchased a 4 per cent stake in Chinese service provider Guangdong Province Trading Development. According to a report last week, Craftsman Automation Ltd., a leading aluminium components producer from India, declared an investment of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt, another aluminium...
Vedanta lifts its aluminium ingot price by INR1250/t on January 6 after a slash on the previous day
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price stood at INR 216,250-246,750, down by INR 7,500 per tonne from INR 223,750-254,250 per tonne on January 4 . Vedanta’s aluminium wire rod price has also experienced a rise of INR 1,750 per tonne on January 6 to clock at INR 225,000-232,500 per tonne, compared to INR 223,750-231,250 on January 5 after being reduced by INR7,500 per tonne. The company’s aluminium billet price has come in at INR 226,500 per tonne as of January 6 versus INR 225,250 per tonne on January 5. That reflects an increase of INR...
Europe’s alumina production records a continued M-o-M fall by 3% in Nov’22, indicating a bearish Q4 output
Alumina production in Europe (incl. Russia) amounted to 577,000 tonnes in November 2022, bringing the total output in eleven months of 2022 to 7.668 million tonnes, found the International Aluminium Institute. The production in November edged 2.86 per cent or 17,000 tonnes lower month-on-month than 594,000 tonnes. On a year-on-year calculation, Europe (incl. Russia)’s alumina production in November 2022 plunged by 31.15 per cent from 838,000 tonnes, found IAI. Europe (incl. Russia)’s total alumina production from January to November 2022 recorded a steep fall of 15.92 per cent from 9.512 million tonnes during the corresponding period of the previous year. Europe’s alumina production in October 2022 also stood lower by 3.57 per cent month-on-month than 616,000 tonnes. In Q3, the output...
Guizhou Power Grid imposes third round of power rationing on aluminium smelters to curb energy shortage
The Shanghai Metals Market reported on Thursday, January 5, that Guizhou Power Grid issued a new notice, stating the power load across the province continued to run at a high level due to the steep rise in heating demand for low temperatures. Therefore, the power shortage extended even after two rounds of restrictions on power consumption at aluminium smelters. The third round of energy rationing targeting the aluminium smelters is implemented to meet the peak demand in winter. The new round of power rationing has so far ordered five aluminium producers, namely Guizhou Huaren New Material Co., Ltd., Zunyi Aluminium Co., Ltd., Guizhou Liupanshui Shuangyuan Aluminum Industry Co., Ltd., Guizhou Xingren Denggao New Material Co., Ltd. and Anshun Aluminium Co., Ltd., to cut their power...
Vedanta’s aluminium ingot price sees a cut of INR1750/t on January 4
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Wednesday, January 4. The company’s aluminium ingot price has seen a cut of INR 1,750 per tonne, reaching INR 223,750-254,250 per tonne versus INR 225,500-256,000 per tonne on January 3. Vedanta’s aluminium wire rod price has also been trimmed by INR 1,750 per tonne on January 4 from INR 233,000-240,500 per tonne to INR 231,250- 238,750 per tonne. The company’s aluminium billets price is no exception but also experienced a cut of INR 1,750 per tonne to come in at INR 232,750 per tonne, compared with INR 234,500 per tonne on the earlier day. Vedanta links its aluminium ingot and aluminium products prices with the three-month futures of aluminium on the London Metal Exchange, which slipped by...
Hindalco’s first price revision of the year brings aluminium wire rod price down by INR3000/t w.e.f. January 4
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices for the first time in the New Year. With effect from Wednesday, January 4, Hindalco has cut its aluminium products prices by INR 3,000 per tonne or 1.27 per cent, bringing the aluminium wire rod price to INR 234,100 per tonne versus INR 237,100 per tonne on December 30. Hindalco’s aluminium billets price has come in at INR 237,100 per tonne, compared to INR 240,100 per tonne last week. Showing no exception, Hindalco’s aluminium ingot price has also shrunk by INR 3,000 per tonne to reach INR 223,000 per tonne versus INR 226,000 per tonne on December 30. Hindalco has cut its aluminium ingot and aluminium products prices in line with a fall of the LME aluminium benchmark price by US$34 per tonne or 1.43...
Vedanta Limited reports a 2% Q-o-Q drop in aluminium production for 3QFY23
On Tuesday, January 3, Vedanta Limited announced its aluminium production recorded a drop of 2 per cent over a quarter to stand at 566,000 tonnes in the third quarter of the current financial year. In Q2 FY2023, Vedanta’s aluminium output was 584,000 tonnes, reflecting a 2 per cent rise sequentially. During Q3 FY2022, Vedanta’s aluminium output was 579,000 tonnes, meaning the company’s metal production edged lower Y-o-Y in Q3 FY23. Vedanta’s alumina production at the Lanjigarh refinery decreased 6 per cent year-on-year and 2 per cent quarter-on-quarter reaching at 443,000 tonnes in Q3. Vedanta said that in a filing to BSE, explaining maintenance activities in calciners was the reason for the downfall. But the production of other metals like zinc and iron ore registered a growth on the...
China’s primary aluminium inventories build up 68,000 tonnes over New Year’s holiday reaching above 500K tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium built up 68,000 tonnes over the New Year’s holiday across eight major consumption areas, including SHFE warrants, to reach 561,000 tonnes as of Tuesday, January 3, 2023. On a week-on-week calculation, the inventories recorded a surge of 77,000 tonnes from 484,000 tonnes but 241,000 tonnes lower than in the same period last year. The growth in inventories during the New Year’s holiday could be attributed to the increased arrivals of stocks across all the major markets, except Tianjin. Wuxi contributed the highest to the weekend rise, followed by Gongyi. To know more about the current status of primary aluminium inventories, refer to the chart below: Wuxi recorded a surge of 31,000 tonnes over the holiday to...
NALCO adds INR1000/t to its aluminium ingot selling price with effect from January 1, 2023
A week after the last update, National Aluminium Company Limited (NALCO) slightly increased its aluminium ingot and aluminium products prices on January 1, 2023. The company’s aluminium ingot price welcomed the New Year, reaching INR 225,250-228,750 per tonne, up by INR 1,000 per tonne from INR 224,250-227,750 per tonne on December 24. NALCO aluminium wire rod price also saw an increase of INR 1,000 per tonne to stand at INR 229,750-234,100 per tonne as of January 1 versus INR 228,750-233100 per tonne a week ago. Aluminium billets price was no exception but grew by the same amount to hover around INR 229,700-232,350 per tonne, compared to INR 228,700-231,350 per tonne as of December 24. NALCO increased its aluminium ingot and aluminium products prices in response to the rise in the LME...
