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.
Alumina spot price in China slips by RMB7/t on Monday; A00 aluminium ingot price records a drop of RMB10/t
The average alumina spot price in China has initiated the week with a further drop of RMB 7per tonne to settle at RMB 2,799 per tonne as of Monday, October 24, according to the Shanghai Metals Market (SMM). Among the major consumption cities, Guangxi has witnessed a decline of RMB 20 per tonne to RMB 2,750 per tonne, followed by a dip of RMB 5 per tonne in Guizhou to RMB 2,765 per tonne. The Australian alumina FOB price has remained restrained at US$310 per tonne as of October 24. A00 aluminium ingot price has also seen a drop of RMB 10 per tonne, following a week-end growth of RMB 220 per tonnes, found SMM. Thus, the price now stands at RMB 18,650 per tonne, with average prices to be traded at a premium price of RMB 18,630 per tonne and RMB 18,670 per tonne. The spot contract is likely...
World primary aluminium production continues to grow quarterly by 2.4% to 17.481 million tonnes in 3Q2022: IAI
According to the International Aluminium Institute’s latest data, world primary aluminium production in the third quarter of 2022 ended September 30 closed at 17.481 million tonnes, recording a quarter-on-quarter increase of 2.36 per cent. In Q2 ended June 30, global output stood at 17.078 million tonnes, up by 3.33 per cent from 16.527 million tonnes in Q1. As the data revealed, world primary aluminium production reflected a consistent growth in each quarter, bringing the total production in nine months of the year to 51.086 million tonnes, which also registered an improvement of 1.18 per cent from 50.492 million tonnes a year ago. However, world primary aluminium output in September 2022 edged 3.22 per cent lower month-on-month to 5.702 million tonnes compared to 5.892 million tonnes...
China’s primary aluminium inventories fall 19,000 tonnes W-o-W due to lower cargo arrivals
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday, October 17, China’s primary aluminium inventories stood at 664,000 tonnes, witnessing an increase of 9,000 tonnes from 655,000 tonnes on Thursday, October 13. On a year-on-year basis, China’s inventories as of October 20 edged 321,000 tonnes lower, as pandemic across many regions slowed transportation this year and resulted in fewer cargo arrivals. However, the chart below indicates the current status of primary aluminium inventories across China in more details: In Nanhai, primary aluminium...
LME aluminium price trended down this week to $2155.5/t due to large arrivals of stocks; SHFE price closed higher at $2576/t
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the London Metal Exchange (LME). On Tuesday, October 18, the prices further decreased by US$39 per tonne and US$39.50 per tonne to rest at US$2,200 per tonne and US$2,200.50 per tonne. They continued to decline the next day as well to settle at US$2,168 per tonne and US$2,169 per tonne, respectively. On Thursday, October 20, both LME aluminium cash bid price and LME aluminium official settlement price elevated after three consecutive days of decline to close at US$2,213.50 per tonne and US$2,214 per...
Hindalco’s aluminium ingot price rallies by INR6000/t on October 21
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on October 20. Hindalco’s aluminium wire rod price has also been raised by INR 6,000 per tonne from INR 216,600 per tonne on October 20 to INR 222,600 per tonne on October 21. Aluminium billets price is no exception and seen a hike of the same amount to peg at INR 225,600 per tonne as of Friday, October 21. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange (LME), which grew by 2.07 per cent on Thursday,...
Alcoa Corporation losses 21.7% revenue in 3Q2022 due to lower alumina shipments
For the third quarter of 2022, Alcoa Corporation has reported a quarterly loss of 21.7 per cent in revenue from $3,644 million to $2.851 million, while on a year-on-year basis, it dropped by 8.36 per cent from $3,109 million. Adjusted EBITDA excluding special items nosedived by 77 per cent from $913 million in Q2 2022 to $210 million in Q3 2022 and from the previous year plunged by 71.15 per cent from $728 million. Alcoa experienced a quarterly net loss of $746 million and a loss per share of $4.17, which includes $652 million of restructuring charges related primarily to pension actions. Alcoa finished the quarter ended September 30, 2022, with a cash balance of $1.4 billion. Alcoa President and CEO Roy Harvey said: “Despite a challenging quarter that saw significantly lower prices, and...
US primary aluminium monthly production plunges 14,000 tonnes in July’22
According to the US Census Bureau data, domestic primary aluminium production in July 2022 was 64,000 tonnes, with daily average output at 2,070 tonnes. Compared to the previous month, monthly aluminium production in July edged 14,000 tonnes or 17.95 per cent lower than 78,000 tonnes and daily output recorded a 20.99 per cent fall from 2,620 tonne. The decreased production rate in July could be attributed to the shutdown of Century Aluminium’s smelter in Hawesville, Kentucky. The US Census Bureau data also shows that total aluminium recovered from scrap in July 2022 was 284,000 tonnes compared to 286,000 tonnes in June. Of the total scrap recovered, 150,000 tonnes was recovered from new scrap, while 134,000 tonnes from old scrap. In July 2022, the average US spot market price of primary...
Vedanta’s aluminium billet price accumulates INR6000/t on Oct. 21 in response to LME price hike after four days
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750 per tonne as of October 21, whereas on October 20, the price saw a dip of INR 2,500 per tonne to hover around INR 207,750- 238,250 per tonne. Aluminium billet price has also gained INR 6,000 per tonne or 2.77 per cent on October 21 to peg at INR 222,750 per tonne versus INR 216,750 per tonne on October 20. With the latest hike, Vedanta’s aluminium ingot price stands at INR 213,750-244,250 per tonne, up by INR 6,000 per tonne following a downfall on the previous day to INR 207,750- 238,250 per...
Infinitely recyclable Ball Aluminium Cup® is now available in 9-ounce and 12-ounce sizes
On Thursday, October 20, Ball Corporation, the world leading infinitely recyclable aluminium beverage packaging provider, announced the launch of the two new sizes of Ball Aluminium Cup® to offer consumers a complete portfolio of sustainable cup options. Hence, the cup is now also available in 9-ounce and 12-ounce sizes, which are currently in use at sports and entertainment venues. They are also available for sale at cupsales@ball.com. The Ball Aluminium Cup® contains 90 per cent recycled aluminium, the highest recycled content rate compared to any beverage packaging in its category. The two new smaller sizes are ideal for serving juice, wine, and cocktail in addition to Ball’s 16-ounce, 20-ounce and 24-ounce cup offerings. Ball Corporation has expanded its infinitely recyclable...
LME aluminium price soars 6.6% to stand at US$2374/t; SHFE builds up by US$26/t
LME aluminium moved around the 5-day moving average after opening at US$2,330 per tonne on Thursday, and closed at US$2,337 per tonne, a decrease of 0.64 per cent. On Thursday, October 13, LME aluminium cash bid price skyrocketed by US$147.50 per tonne or 6.63 per cent to stand at US$2,373.50 per tonne and LME aluminium official settlement price soared by US$147 per tonne or 6.60 per cent to rest at US$2,374 per tonne. 3-month bid price and 3-month offer price jumped by US$140.50 per tonne to stand at US$2,360 per tonne and US$2,360.50 per tonne. December 23 bid price and December 23 offer price surged by US$118 per tonne to hover around US$2,302 per tonne and US$2,307 per tonne, respectively. LME aluminium opening stock totalled 351900 tonnes. Live warrants and Cancelled warrants closed...
LME plans to limit aluminium trade with Russia; Chinese producers to reap benefit
According to Platts analytics, domestic aluminium prices in China have increased over a week based on the possibility that the London Metal Exchange may curb the entry of Russian metal, Beijing’s support for domestic producers, and production cut in both Europe and China. There is also a probability for volatile domestic aluminium prices until LME finally decides to suspend trading and storage of Russian metal, said Platts analytics. According to the Shanghai Futures Exchange (SHFE), the most active SHFE aluminium futures contract for November delivery closed 1.6 per cent higher at RMB 18,565 per tonne than settlement holiday prices, primarily in response to the LME price hike. Till October 6 from the beginning of the month, the aluminium price on the London Metal Exchange rose by US$175...
Vedanta’s aluminium ingot price further shrinks by 2% with effect from October 12
Vedanta Limited has continued to reduce its aluminium ingot and aluminium products prices, with effect from Wednesday, October 12. The company has further axed its aluminium ingot price by INR 5,000 per tonne or 2.3 per cent to INR 212,250- 242,750 per tonne. On the previous day, it stood at INR 217,250 -247,750 per tonne, seeing a slash of INR 5,250 per tonne. The latest cut has brought in the Vedanta’s aluminium wire rod price to INR 219,750- 227,250 per tonne, down by INR5,000 per tonne from INR 224,750-232,250 per tonne on October 11. Aluminium billet price is hovering around INR 221,250 per tonne, effective from October 12, compared to INR 226,250 per tonne last day. Vedanta links its aluminium prices to the three-month futures of aluminium on the London Metal Exchange, which plunged...
China’s A00 aluminium ingot price grows by RMB60/t after an intermittent drop; Aluminium alloy(A356) price touches RMB20,000/t level
China's domestic A00 aluminium ingot price has again registered a rise on Thursday, October 13, after an intermittent dip last day. According to the Shanghai Metals Market, the price has increased by RMB 60 per tonne to peg at RMB 18,480 per tonne. The average prices are expected to range between RMB 18,460 per tonne and RMB 18,500 per tonne, with a spot contract to be traded at a discount price of RMB 100-60 per tonne. Among the major Chinese provinces, Foshan has seen the highest growth of A00 aluminium ingot price by RMB 70 per tonne to stand at RMB 18,510 per tonne, followed by the rise of RMB 60 per tonne in Chongqing, Hangzhou, and Wuxi to settle at RMB 18,540 per tonne, RMB 18,490 per tonne, and RMB 18,470 per tonne, respectively. In Shenyang and Linyi, primary aluminium ingot...
ASI certifies RONAL GROUP against Performance Standard Certification for designing and manufacturing light aluminium alloy wheels
Aluminium Stewardship Initiative has granted RONAL GROUP, a designer, manufacturer and distributor of light aluminium alloy wheels, with Performance Standard V2 (2017) Certification. The company has bagged the recognition with a Material Stewardship focus at production sites RONAL POLSKA Sp. z o.o. in Walbrzych, Poland and RONAL AG Headquarters in Härkingen, Switzerland. The Poland facility has an annual output capacity of 2 million light alloy wheels. Ronal Group has above 8,000 personnel and produces both cast and forged wheels. It focuses on high standard quality through technical development to production, based on the most innovative technologies. ASI Performance Standard certification focusing on material stewardship looks into product design, life cycle assessments, management of...
South America’s alumina production in Aug’22 gains 8% Y-o-Y to 996,000 tonnes but output in North America dips 1000 tonnes
In August 2022, alumina production in South America stood at 996,000 tonnes, reflecting an increase of 22,000 tonnes or 2.21 per cent month-on-month. In July, the output totalled 974,000 tonnes, a surge of 73,000 tonnes or 8.10 per cent from 901,000 tonnes in June. That brought the three-month production to 2.871 million tonnes; however, down by 3.5 per cent from 2.975 million tonnes. On a year-on-year calculation, alumina output in South America edged a 6.30 per cent hike over 937,000 tonnes. From January to August, South America’s alumina output totalled 7.603 million tonnes, down by 9.21 per cent from 8.303 million tonnes during the corresponding period of the previous year. Daily average alumina production in South America stood at 32,100 tonnes, up by 2.23 per cent month-on-month and...
Hindalco Industries cuts its aluminium wire rod & billet prices for the second day by INR5000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 11 and 12. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price is standing at INR 221,100 per tonne versus INR 226,100 per tonne on October 11. Today, the price has seen a cut of INR 5,000 per tonne, while the price yesterday underwent a slash of INR 5,250 per tonne. Hindalco’s aluminium billets price is hovering around INR 224,100 per tonne as of October 12, down by INR 5,000 per tonne from INR 229,100 per tonne on the previous day. On October 11, Hindalco’s aluminium billets price witnessed a slash of INR 5,250 per tonne from INR 234,350 per tonne. Aluminium ingot price has also been reduced by INR 5,000 per tonne on October 12 to stand at INR 210,000...
LME aluminium price falls for the third day in a row to US$2218.5/t; SHFE price dips by US$14/t
Three-month LME aluminium hit a low of US$$2,191 per tonne after opening at US$2,255 per tonne on Tuesday, October 11, but then rallied and closed at US$2,251 per tonne, down 0.16 per cent. On Tuesday, October 11, LME aluminium cash bid price and LME aluminium official settlement price continued to decline for the third day in a row. Both the prices lost US$ 55.50 per tonne and settled at US$2,218 per tonne and US$2,218.50 per tonne, respectively. 3-month bid price and 3-month offer price plunged by US$62 per tonne and US$62.50 per tonne to rest at US$2,215 per tonne and US$2,215.50 per tonne. December 23 bid price and December 23 offer price further contracted by US$66 per tonne to hover around US$2,297 per tonne and US$2,302 per tonne. LME aluminium opening stock slipped 1875 tonnes to...
Alumobility to present advance aluminium use in automotive at EuroCarBody’s 24th Global Car Body Benchmarking Conference
Alumobility, a global ecosystem of leading aluminium and downstream technology partners focusing on advanced use of aluminium by automakers, will present the results of a case study on Superior Economic and Sustainability Performance of an Aluminum Vehicle Body, including cost of ownership and life cycle analysis, demonstrating a Last-Mile Delivery Vehicle (LMDV) concept. LMDV is the final step of the entire supply chain process of a vehicle, where the item is delivered from a local warehouse or fulfilment centre for the final delivery to customers. The presentation will be showcased at the EuroCarBody’s 24th Global Car Body Benchmarking Conference on October 18-20 at Bad Nauheim, Germany, by three Alumobility representatives Andreas Afseth (Constellium/Alumobility, Karisma Leftinger...
