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.
Hindalco’s aluminium ingot price builds up by INR2500/t with effect from September 23
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Friday, September 23, followed by a cut on the previous day. The company added INR 2,500 per tonne to its aluminium ingot price to sell the product at INR 203,750 per tonne versus INR 201,250 per tonne on September 22. Hindalco’s aluminium wire rod price also gained INR 2,500 per tonne on September 23 to come in at INR 214,850 per tonne. On September 22, the wire rod price stood at INR 212,350 per tonne, down by INR 3,000 per tonne from September 20. Hindalco’s aluminium billets price was no exception but also experienced a growth of INR 2,500 per tonne from INR 215,350 per tonne to INR 217,850 per tonne. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month...
China’s primary aluminium imports during Jan-Aug’22 record a plunge of 71% to 297,600 tonnes
According to the General Administration of Customs, China’s primary aluminium import amounted to 49,300 tonnes in August 2022, reflecting a downfall of 3.35 per cent month-on-month and 53.3 per cent year-on-year. That brought the total imports during January-August to 297,600 tonnes, a year-on-year plunge of 71.1 per cent. The net import in August stood at 43,200 tonnes after shrinking by 0.43 per cent from the previous month. On a year-on-year calculation, the net import in the said month shrank by 58.9 per cent. During January-August, China’s net imports of primary aluminium totalled 107,200 tonnes, down by 89.54 per cent from the corresponding period of the last year. Russia was the leading exporter of the metal, supplying 42,000 tonnes, which accounted for 84.5 per cent of China’s...
Africa’s primary aluminium production in August’22 grows 3.7% YoY, with daily production inches up by 1,000 tonnes
In August 2022, primary aluminium production in Africa inched up by only 1,000 tonnes month-on-month to stand at 141,000 tonnes, found the International Aluminium Institute. In July, the output had grown by 5,000 tonnes or 3.7 per cent from 135,000 tonnes in the previous month. On a year-on-year calculation, primary aluminium production in August also edged 5,000 tonnes or 3.7 per cent higher than 136,000 tonnes, showed IAI. In the first eight months of 2022, Africa’s primary aluminium production totalled 1.083 million tonnes, up by 2.95 per cent from 1.052 million tonnes during the same period last year. Africa’s daily average production of primary aluminium from January to August stood at 35,600 tonnes, up by 1,000 tonnes from 34,600 tonnes a year ago. In August, daily output in Africa...
China’s August bauxite imports stand above 10 million tonnes, reflecting a 1.48% rise M-o-M
General Administration of Customs showed China’s bauxite imports continued to total above 10 million tonnes in August 2022. As per the data revealed, the country imported 10.75 million tonnes of the ore, which reflected an increase of 1.48 per cent month-on-month and 23.53 per cent over the year. Guinea, Australia, Indonesia, and Montenegro were the key suppliers of bauxite to China in the said month. From Guinea, China’s bauxite imports in August stood 5.39 per cent higher month-on-month and 43.46 per cent year-on-year to 6.26 million tonnes. Newly established alumina refineries in China, such as Bosai, Wanzhou, and Wenfeng are using Guinea ore, contributing to the growth in bauxite imports. Moreover, due to the repeated ban on Indonesian bauxite exports, China’s domestic refineries have...
After scaling down production, Ball Corp now sells off all its Russian beverage can facilities
On Wednesday, September 21, Ball Corporation declared that it completed the sale of all its beverage packaging business in Russia to Arnest Group for $530 million to divest from the Russian market. Ball said Arnest Group, the largest manufacturer of aerosols in Russia and CIS countries, has purchased all of Ball’s Russian business. However, the sale is not likely to affect Ball’s business out of Russia by any means. "This decision is the result of many months of consideration, delivering a solution that best secures the future of Ball's colleagues and assets in Russia. We believe this is a sound outcome for Ball in these geo-political circumstances," said Dan Fisher, president and CEO Ball Corporation. In March, Ball Corporation curtailed operations across all its three manufacturing...
Vedanta’s aluminium ingot price accumulates INR1250/t on September 21
Vedanta Limited has added INR 1,250 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, September 21. That followed a cut of INR 3,250 per tonne on Tuesday, September 20. On September 21, Vedanta’s aluminium ingot price has come in at INR 207,500- 237,000 per tonne versus INR 206,250-235,750 per tonne on September 20. Aluminium wire rod price is currently ranging between INR 215,000- 222,500 per tonne since a raise today, in contrast to INR 213,750-221,250 per tonne on the previous day. Vedanta’s aluminium billets price is standing at INR 216,500 per tonne compared to INR 215,250 per tonne on a day ago. Vedanta’s aluminium price rise on September 21 is in line with an increase of US$13.50 per tonne in the three-month futures of alumsinium on the...
World primary aluminium production in Aug’22 shows restrained M-o-M but grows 3.5% Y-o-Y to total 5.888 Mt
According to the data released by the International Aluminium Institute, world primary aluminium production stood muted at 5.888 million tonnes in August 2022 compared to 5.878 million tonnes a month ago. But the output in July reflected a hike of 3.78 per cent month-on-month from 5.664 million tonnes. On a year-on-year calculation, world primary aluminium output in August marked a rise of 3.53 per cent from 5.687 million tonnes. In the first eight months of 2022, world primary aluminium production totalled 45.448 million tonnes, up by 0.72 per cent from 45.125 million tonnes. Among the major primary aluminium producing countries, China churned out 3.5 million tonnes of the metal in August 2022, in contrast to 3.497 million tonnes in July. That reflected a month-on-month restraint, but on...
Rio Tinto to join First Movers Coalition forum as a responsible aluminium company aiming to reach zero emission
On Tuesday, September 20, Rio Tinto announced that it would join the tribe of more than 50 companies to be a part of the First Movers Coalition forum, a global initiative to help commercialise zero-carbon technologies by channelising purchasing power and supply chains. Companies with a combined market value of about $8.5 trillion across five continents represent the forum with a common interest in creating early markets for innovative clean energy technologies. The forum has companies from the aluminium, aviation, chemicals, concrete, shipping, steel, and trucking industry responsible for 30 per cent of global emissions. Soon the emission is estimated to rise to over 50 per cent if no urgent step is taken on clean technology innovation. Rio Tinto is on the way to achieving net zero...
Hindalco Industries deducts INR3000/t from its aluminium billets price on September 20
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, September 20. That followed a raise of INR 3,750 per tonne on the previous day, September 16. On September 20, Hindalco deducted its aluminium billets price by INR 3,000 per tonne to sell the product at INR 218,350 per tonne. The company’s aluminium wire rod price also saw a cut of INR 3,000 per tonne on September 20 to stand at INR 215,350 per tonne versus INR 218,350 per tonne on September 16. Hindalco’s aluminium ingot price came in at INR 204,250 per tonne on September 20, against INR 207250 per tonne last week, September 16. Hindalco Industries cut its aluminium products and aluminium ingot prices on September 20 in response to the downfall of the three-month futures...
CEFLEX partners with eminent European Associations to deliver guidelines on flexible packaging with aluminium foil
CEFLEX, a collaborative initiative of 180 European companies representing the entire value chain of flexible packaging, has teamed up with European Foil Association and Flexible Packaging Europe to outline guidelines on flexible packaging containing aluminium foil. The manual will address critical questions on the sortability and recyclability of flexible packaging having aluminium foil, explaining technical capabilities of eddy current separation, aluminium recycling pyrolysis pathway, and advanced separation technologies. CEFLEX coordinator Graham Houlder said: “While plastic-based flexible packaging applications are predominant and an important focus, CEFLEX has always been material-neutral; working to analyse and achieve the best technical and environmental outcomes for all flexible...
Primary aluminium inventories across China reflect an increase of 10,000 tonnes over the weekend
Social inventories of aluminium ingot across China’s eight major consumption areas, including SHFE warrants, grew by 10,000 tonnes over the weekend ended Monday, September 19, to stand at 685,000 tonnes, found the Shanghai Metals Market. But compared to the previous Monday, September 12, the inventories on September 19 edged 11,000 tonnes lower than 696,000 tonnes. The primary aluminium inventories on Thursday also reflected a decrease of 21,000 tonnes from Monday to amount to 675,000 tonnes, learned SMM. The inventories fluctuated greatly in the past two weeks due to concentrated arrivals of stocks during and after the holiday, while withdrawals from warehouses in main markets fell sharply to 113,800 tonnes owing to squeezed demand among downstream producers. To know the current status...
ASI certifies Press Metal International Limited’s aluminium alloy profiles plant at Foshan, China
Aluminium Stewardship Initiative has reportedly certified Press Metal International Limited (PMI) with Performance Standard V2 (2017) certification with Provisional status. Press Metal International, a subsidiary of Press Metal, has received the certificate for its casthouse, extrusion, anodizing, powder coating, PVDF and fabricated extrusion profile production facility in Foshan city, China, with an annual capacity of 160,000 tonnes. At the plant, Press Metal International designs and manufactures architectural and industrial aluminium alloy profiles, including anodized oxide profiles, electrophoretic painting profiles, powder spraying profiles, fluorocarbon spraying profiles, and anti-thermal profiles. All these extruded profiles are primarily used in the automotive, ship building,...
US aluminium scrap exports to India jump 243% Q-o-Q to 112,700 tonnes in 2Q2022
According to the US Geological Survey, the United States exported 40,900 tonnes of aluminium scrap to India in June 2022, bringing the total amount of exports in the second quarter to 112,700 tonnes. On a quarter-on-quarter basis, the scrap exports from the US to India in Q2 stood 242.66 per cent higher than 32,890 tonnes. The monthly exports increased each month in the second quarter, starting with a hike of 23,410 tonnes in April to 33,400 tonnes. In May, the exports grew by 5,000 tonnes or 13 per cent to 38,400 tonnes, followed by the increase of 2,500 tonnes in June. On a year-on-year calculation, the US aluminium scrap exports to India in June 2022 edged 36.65 per cent higher than 28,100 tonnes. In the first half of 2022, the US aluminium scrap exports to India amounted to 227,000...
Vedanta’s aluminium wire rod & billet prices advance by INR3750/t after an intermittent cut
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR 217,000- 224,500 per tonne as of September 16. On Thursday, September 15, the wire rod price stood at INR 213,250-220,750 per tonne after being cut by INR 4,750 per tonne from INR 218,000-225,500 per tonne. Vedanta’s aluminium billet price also experienced a rise of INR 3,750 per tonne to INR 218,500 per tonne on September 16, following a fall of INR 4,750 per tonne from INR 219,500 per tonne to INR 214,750 per tonne on September 15. Aluminium ingot price was no exception but also grew by the...
Hylux introduces spring water in a new recyclable aluminium bottle with resealable caps and artwork
The US-based health drinks company Hylux has unveiled its unflavoured spring water in a new recyclable, customisable aluminium bottle. Initially, the bottles will be available to selective organisations to sell and distribute within their networks, with Northeastern University’s Boston campus being the first customer. To widen the reach of the new-launched bottles, Hylux is already corresponding with sports teams and other large organisations. Soon, the bottled spring water will be availeble online as well. “I couldn’t be more excited about providing organisations with a way to hit their eco-targets, particularly because aluminium has a lower carbon footprint than glass and plastic,” said CEO Lamar Letts, who founded the brand in 2014. He added, “What’s even better is that our custom...
NALCO’s aluminium ingot price accumulates INR3100/t in five days
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Wednesday, September 14, following a sharp cut last week, September 9. NALCO’s aluminium ingot price has gained INR 3,100 per tonne from the earlier time to stand at INR 213,250- 216,750 per tonne. On September 9, the price stood at INR 210,150- 213,650 per tonne, down by 7 per cent since the last hike. NALCO’s aluminium wire rod price has also undergone a rise of INR 3,100 per tonne, with effect from September 14, to come in at INR 216,750- 221,100 per tonne versus INR 213,650- 218,000 per tonne on September 9. The company’s aluminium billets price is currently ranging between INR 217,700- 220,350 per tonne, as against INR 214,600- 217,250 per tonne in the previous...
Hindalco’s aluminium wire rod & billet prices experience a cut of INR4750/t on September 15
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices, with effect from Thursday, September 15, following a raise on September 10. Hindalco’s aluminium wire rod price has been reduced by INR 4,750 per tonne or 2.17 per cent to sell the product at INR 214,600 per tonne on September 15 onwards. Aluminium billets price has also experienced a cut of INR 4,750 per tonne on September 15 to INR 217,600 per tonne, following an increase of INR 2,000 per tonne on September 10 to INR 222,350 per tonne. Hindalco’s aluminium ingot price is no exception but seen a cut of the same amount to stand at INR 203,500 per tonne versus INR 208,250 per tonne last week. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
ALFED reveals NET ZERO Report with a broader vision of sustainability in the UK aluminium market
The UK Aluminium Federation (ALFED) has announced a Net Zero Report, aiming to achieve the long-standing goal of decarbonisation, sustainability, and a circular economy. While its actions outlined in the early roadmap remain the same, the new report includes contributions and challenges from members, stakeholders, and industry representatives to infuse a bigger and bolder vision. ALFED considers its Net Zero goal as a pathway to enable the UK aluminium industry to achieve a vision that fits its interests. The report contains industry experts’ responses based on overwhelming theme of collaboration and systematic approach to solution development to explore greater opportunities for investment in the UK. The objectives of the report are mentioned in detail, along with emerging action plans...
