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.
Vedanta Aluminium strengthens workforce wellbeing & security with advanced digital solutions
According to a report released on Wednesday, April 27, Vedanta Aluminium has built up an Extended Reality (XR) experience zone to increase safety training for its employees and partners. The zone is comprised of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) technologies that will help the company conduct simulation-based training for an immersive, engaging and safe learning experience of the workforce. This initiative reflects Vedanta’s enthusiasm in remodelling its business with advanced digital solutions, intelligent automation and in-house innovations to improve manufacturing efficiency and excellence. Other advanced technologies deployed by Vedanta Aluminium for safety excellence are: Deep Learning algorithms and sophisticated modelling techniques that help the...
China’s A00 aluminium ingot price hikes to RMB 20850/t after four consecutive declines; Aluminium alloy prices gain RMB100/t
A00 aluminium ingot price in China has climbed up by RMB 120 per tonne, following four consecutive days of decline until April 27, found the Shanghai Metals Market. Data shows the hike has brought the ingot price at RMB 20,850 per tonne, with average prices estimated to range between RMB 20,830 per tonne and RMB 20,870 per tonne. The spot contract is likely to be traded at a premium price of RMB 50-10 per tonne. The Chinese province Linyi has also witnessed a rise of RMB 120 per tonne to RMB 21,000 per tonne, followed by the increase of RMB 110 per tonne in Hangzhou to RMB 20,960 per tonne and RMB 105 per tonne in Wuxi to RMB 20,835 per tonne. In Gongyi and Shenyang, A00 aluminium ingot price has expanded by RMB 100 per tonne to RMB 21,090 per tonne and RMB 20,870 per tonne, respectively,...
China’s aluminium foil exports in March’22 grow 34% M-o-M, but likely to drop in April for COVID-19 resurgence
According to China customs data, the country’s aluminium foil exports in March 2022 stood at 126,800 tonnes, reflecting month-on-month increase of 34 per cent and year-on-year 9 per cent. Thailand, India, Indonesia, and the United Arab Emirates were the top four destinations of China’s aluminium foil exports, accounting for 8.92 per cent, 7.34 per cent, 6.51 per cent, and 6.30 per cent, respectively, of the total exports in March. China’s top five aluminium foil export provinces were Jiangsu, Zhejiang, Shanghai, Shandong, and Henan, which produced 101,200 tonnes combined, accounting for 79.8 per cent of the total output. East China is China’s major aluminium foil production and export centre. However, the resurgence of the COVID-19 pandemic in Shandong, Shanghai, Jiangsu, and other...
Primary aluminium production in Russia & Eastern Europe rebounds to 350,000 tonnes in March’22
In March 2022, primary aluminium production in Russia & Eastern Europe stood at 350,000 tonnes, reflecting a month-on-month hike of 11.46 per cent from 314,000 tonnes. However, in February, the output was down by 10.03 per cent or 35,000 tonnes month-on-month from 349,000 tonnes. On a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production in March 2022 stood down by only 3,000 tonnes from 353,000 tonnes. In Q1 2022 ended March 31, primary aluminium production in Russia & Eastern Europe totalled 1.013 million tonnes – 2.78 per cent less than 1.042 million tonnes in Q4 2021. On a year-on-year basis, the output registered a drop of 1.17 per cent from 1.025 million tonnes. In the entire year 2021, primary aluminium production in Russia & Eastern Europe amounted to...
World alumina production drops by 5% Q-o-Q to 34.332 Mt in 1Q2022 despite a rise in March by 7%
According to the latest data revealed by the International Aluminium Institute, the world alumina production amounted to 10.863 million tonnes in March 2022 (including metallurgical and chemical), an increase of 7.38 per cent month-on-month from 10.116 million tonnes. That brought the total global alumina production in the first quarter of the current year to 32.608 million tonnes, which was, however, down by 5.02 per cent from 34.332 million tonnes in the previous quarter. The reason for the quarter-on-quarter downfall in world alumina output despite a rise in March was a sharp fall of production in February from 11.629 million tonnes to 10.116 million tonnes (M-o-M). As per the calculation, that was a plunge of 13.01 million tonnes, following a drop of 1.18 per cent in the previous...
Yunnan Haoxin Aluminum Foil plant achieves another ASI certification within a year
On Tuesday, April 26, the Aluminium Stewardship Initiative announced that it successfully certified Yunnan Haoxin Aluminum Foil Co., Ltd. against the Chain of Custody Standard Certification for aluminium re-melting, refining, and semi-fabrication activities for the production of aluminium foil. Not even a year has passed Yunnan Haoxin Aluminum Foil plant has bagged another ASI certification, following the Performance Standard Certification in August 2021. The facility has an annual capacity of producing more than 200,000 tonnes of aluminium sheet and foil in various gauges, destined for several downstream applications in the electronics, packaging, pharmaceuticals, HVAC, and other sectors. The ASI CoC certification determines requirements for the creation of a Chain of Custody for...
Vedanta continues to reduce aluminium wire rod & billet prices by INR11250/t with effect from April 26
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26. The company has reduced its aluminium wire rod price significantly by INR 11,250 per tonne or 3.8 per cent to INR 279,500- 287,000 per tonne. The last cut on April 21 brought the price to INR 290,750-298,250 per tonne, down by INR 5,500 per tonne from the previous day. With effect from April 26, Vedanta’s aluminium billet price has come in at INR 280,000 per tonne versus INR 291,250 per tonne on April 21. That was a decline of INR 11,250 per tonne as well. As per the price list revealed, the company is selling its aluminium ingot price at INR 272,000-307,700 per tonne, in comparison with INR 283,250-330,750 per tonne on April 21. Vedanta Limited links its aluminium...
Hindalco sharply cuts its aluminium wire rod price by INR11250/t in line with LME’s plunge by US$172/t
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the product at INR 283,100 per tonne. Last week, on April 21, the price was cut by INR 5,500 per tonne INR 294,350 per tonne. Hindalco’s aluminium billets price has also experience a cut of INR 11,250 per tonne or 3.78 per cent on April 26 from INR 297,350 per tonne to INR 286,100 per tonne. Aluminium ingot price has come in at INR 272,000 per tonne as of April 26, down by 3.97 per cent from INR 283,250 per tonne. In the past two days, the three-month futures price of aluminium on the London Metal...
NALCO and MIDHANI CMDs meet AP Chief Minister to resolve infrastructure issues of aluminium alloy plant in Nellore
On Monday, April 25, NALCO CMD Sridhar Patra and MIDHANI CMD Sanjay Kumar Jha reportedly met the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to apprise the problems related to infrastructure for setting up a high-end aluminium alloy products manufacturing plant in Nellore. On receiving the complaints, the Chief Minister directed the officials concerned to look into the issues. Mr Reddy also suggested NALCO and MIDHANI to set up an MSME park in addition to this project to meet the needs of equipment manufacturers in defence allied sectors. The upcoming high-end aluminium alloy products manufacturing plant involves a cost of INR 5,500 crore. It will have a production capacity of 60,000 tonnes and create direct and indirect employment to 750-1000 people at Bodduvaripalem in...
China’s A00 aluminium ingot price shrinks for the third day to RMB20740/t for ongoing pandemic; Aluminium alloy (A356) plunges by RMB200/t
A00 aluminium ingot price in China has decreased for the third day in a row by RMB 210 per tonne on Tuesday, April 26, to stand at RMB 20,740 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 20,720 per tonne and RMB 20,760 per tonne, with spot contract likely to be traded at a discount price of RMB -50 to -10 per tonne. In Shenyang, A00 aluminium ingot price has plummeted by RMB 240 per tonne to come in at RMB 20,800 per tonne, followed by the downfall of RMB 230 per tonne in Foshan to RMB 20,850 per tonne. In Wuxi and Hangzhou, primary aluminium ingot price has slumped by RMB 210 per tonne to rest at RMB 20,740 per tonne and RMB 20,860 per tonne, respectively, while the price in Linyi, Tianjin, and Gongyi has dwindled by RMB 160 per...
Be Ready to Participate in the 40th International Conference and Exhibition ICSOBA 2022 on Oct. 10-14
ICSOBA, the International Committee for Study of Bauxite, Alumina & Aluminium, has announced the 40th International Conference and Exhibition ICSOBA 2022. The five-day event, scheduled from 10th to 14th of October will take place in Athens, Greece, in association with Mytilineos as the host sponsor. ICSOBA, with the vision and commitment to serve the entire value chain of aluminium, has also partnered with other conference such as the 4th International Bauxite Residue Valorisation and Best Practices Conference (BR2022) and the Final RemovAL Cross-Fertilisation Conference. Hence, the event will host sessions on bauxite, alumina, as well as aluminium production. To expand the offerings of knowledge, ICSOBA also proposes a plant tour of Aluminium of Greece, Agios Nikolaos complex, which...
EGA secures an access to $137.5 million of revolving credit facility based on Term SOFR, emerging alternative to LIBOR
According to a recent report, Emirates Global Aluminium, the largest industrial company outside oil and gas in the UAE, has agreed to a revolving credit facility tied to the Term Secured Overnight Funding Rate (SOFR).It will provide EGA an access to $137.5 million, with a term extended by 12 months. SOFR is a benchmark interest for dollar-denominated derivatives and loans that replace the London interbank offered rate (LIBOR). EGA is one of the first in the Middle East to agree to conduct transactions through syndicated corporate credit facilities in accordance with Term SOFR as the benchmark pricing, using the Chicago Mercantile Exchange SOFR forward rate. SOFR offers a benchmark interest rate based on data from observable transactions, while LIBOR relies on disclosures from selected...
US January aluminium extrusion imports from Canada slump for second month to 194,000t; imports from UAE fall 14% after a monthly rise
According to the US Census Bureau data, the United States imported 194,000 tonnes of aluminium crude metals and alloys from Canada in January 2022. That was a decrease of 2,000 tonnes or 1.02 per cent from 196,000 tonnes in December 2021. As per the data shown, the monthly decline in China’s aluminium crude metals and alloys imports extended for the second month in a row, albeit slower in January, because the imports in December recorded a plunge of 39,000 tonnes or 16.6 per cent from 235,000 tonnes. However, on a year-on-year calculation, the United States aluminium crude metals and alloys imports in January 2022 registered a hike of 28,000 tonnes or 16.87 per cent from 166,000 tonnes. In the entire year of 2021, the crude metals and alloys imports by the United States from Canada...
Hindalco’s aluminium billets price slips by INR5500/t on April 21 after an intermittent rise
Hindalco Industries Limited again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 21, following an intermittent hike on the previous day. On April 21, the company reduced its aluminium billets price by INR 5,500 per tonne or 1.82 per cent to sell the product at INR 297,350 per tonne. On April 20, the price had seen a raise of INR 8,750 per tonne to stand at INR 302,850 per tonne. Hindalco’s aluminium wire rod price was also slashed by INR 5,500 per tonne on April 21 from INR 299,850 per tonne on April 20 to INR 294,350 per tonne. Aluminium ingot price came in at INR 283,250 per tonne versus INR 288,750 per tonne on the earlier day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London...
Vedanta slashes its aluminium ingot price by INR5500/t with effect from April 21
Vedanta Limited cut its aluminium ingot and aluminium products prices, with effect from Thursday April 21, soon after it raised the prices on the previous day. With effect from April 21, the company reduced its aluminium ingot price by INR 5,500 per tonne or 1.90 per cent to INR 283,250-330,750 per tonne. On April 20, Vedanta’s aluminium ingot price hovered around INR 283,250-330,750 per tonne, seeing an increase of INR 6,500 per tonne. Vedanta’s aluminium wire rod price came in at INR 290,750-298,250 per tonne on April 21, down by INR 5,500 per tonne from INR 296,250-303,750 per tonne on April 20. Aluminium billet price saw no exception but a slash of INR 5,500 per tonne on April 21 to INR 291,250 per tonne. Vedanta Limited links its aluminium products and aluminium ingot prices to the...
LME aluminium price swings down this week by US$68/t to US$3244/t; SHFE price shrinks to US$3384/t
The LME aluminium benchmark price resumed from the Easter Holiday on Tuesday, April 19, with a growth of 2 per cent. LME aluminium cash bid price and LME aluminium official settlement price grew by 2.25 per cent and 2.30 per cent on April 19 to settle at RMB 3,310 per tonne and RMB 3,312 per tonne, respectively, in comparison with the prices on Thursday, April 14. On Wednesday, April 20, the prices recorded a plunge of US$71 per tonne and US$72 per tonne to stand at US$3,239 per tonne and USS$3,240 per tonne, following which on Thursday, April 21, both LME aluminium cash bid price and LME aluminium official settlement price rose by US$22 per tonne to rest at US$3,261 per tonne and US$3,262 per tonne. On Friday, April 22, the prices slipped again to close the week at US$3,243.50 per tonne...
China’s primary aluminium inventories continue to fall by 42000 tonnes W-o-W as purchase recovers after pandemic
According to the Shanghai Metals Market, social inventories of primary aluminium in China continued to record week-on-week fall since the last drop of 3,000 tonnes on the previous Thursday, April 14. But compared to the prior week, the inventories fell extensively this Thursday by 42,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to come in at 1.02 million tonnes. Gongyi saw the highest downfall in inventories as it experienced normal arrivals and increased sales. Downstream producers became willing to stock up after the pandemic situation improved slightly, allowing inventories of aluminium ingots to continue to fall. The chart below indicates the current status of primary aluminium inventories across China in more details: So, as the chart suggests,...
NALCO grows aluminium ingot price by INR2100/t on April 21 in response to three back-to-back hikes in LME
National Aluminium Company Limited has revised its aluminium ingot and aluminium products prices since its last cut on April 12. With effect from Thursday, April 21, NALCO has increased its aluminium ingot price by INR 2,100 per tonne or 0.75 per cent to sell it at INR 282,650-286,150 per tonne. On April 12, the price was at INR 280,550- 284,050 per tonne after being sharply cut by INR 15,700 per tonne. NALCO’s aluminium wire rod price has also seen a raise of INR 2,100 per tonne to INR 285,150-289,500 per tonne as against INR 283,050- 287,400 per tonne on April 12. Aluminium billets price has come in at INR 286,100-288,750 per tonne, up by the same amount from INR 284,000- 286,650 per tonne. NALCO links its aluminium ingot and aluminium products prices to the three-month future price of...
