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EGA and Ma’aden will co-operate on developing greener aluminium smelting technology
Emirates Global Aluminium (EGA), the UAE’s biggest industrial company outside oil and gas, and Ma’aden, a Saudi state-owned mining company, have reportedly agreed to extend their collaboration on greener aluminium smelting technology, in a bid to achieve more sustainable production. The news came on Thursday, April 7, when both the companies said in a joint statement that they would continue to work together to develop new aluminium smelting technologies with lower greenhouse gas emissions. The agreement extends an original contract signed in 2018. As per the report now, EGA and Ma’aden also plan to work together on managing by-products from processes in the aluminium value chain and aluminium recycling. On the extension of the partnership to work on technology and other developments for...
Hindalco elevates its aluminium ingot price by INR3250/t w.e.f. April 7 after four successive cuts
After four successive cuts, Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Thursday, April 7. The company has added on INR 3,250 per tonne to its aluminium ingot price to sell it at INR 297,000 per tonne. On April 6, the price stood at INR 293,750 per tonne, seeing a downfall of INR 3,000 per tonne or 1.01 per cent from the previous day. With effect from April 7, Hindalco Industries’ aluminium wire rod price has also been grown by INR 3,250 per tonne to INR 308,100 per tonne. On the previous day, it saw a cut of INR 3,000 per tonne to stand at INR 304,850 per tonne. With the latest rise on April 7, Hindalco’s aluminium billets price came in at INR 311,100 per tonne as against INR 307,850 per tonne on April 6. Hindalco has...
Vedanta’s aluminium wire rod and billet prices continue to see a cut of INR3000/t with effect from April 6
Vedanta Limited further cut its aluminium products and aluminium ingot prices for the third time in a row over about a week, with effect from Wednesday, April 6. Vedanta’s aluminium wire rod price saw a trim of INR 3,000 per tonne or 1 per cent to INR 301,500- 309,000 per tonne versus INR 304,500-312,000 per tonne on April 5. Vedanta’s aluminium billet price has also been cut by INR 3,000 per tonne to INR 302,000 per tonne as of April 6. On April 5, aluminium billet price stood at INR 305,000 per tonne, seeing a downfall of INR 4,250 per tonne from the previous day. As far as Vedanta’s aluminium ingot price is concerned, it is also trimmed by INR 3,000 per tonne from INR 297,000-344,500 per tonne on April 5 to INR 294,000-341,500 per tonne on April 6. Vedanta Limited links its aluminium...
World’s longest continual operating aluminium plant Alcoa Massena wins ASI Performance Standard Certification (Provisional)
Alcoa Corporation has reportedly bagged the ASI Performance Standard Certification under Provisional Status for its smelting and casting operation at Massena, New York, USA. Known as the longest interrupted operating aluminium facility in the world, Alcoa Massena plant dates back to 1902, benefiting from the region’s abundant hydro power. The plant produces 360,000 tonnes of primary aluminium in a year. The Aluminium Stewardship Initiative has granted the provisional certification under an interim policy in regards to Audits, Audit-Related Travel and Coronavirus, which clarifies reasonable accommodations that can be made to audit plans considering the current COVID-19 situation. The Performance Standard certification represents environmental, social and governance principles and criteria,...
A00 aluminium ingot price further plummets by RMB450/t as COVID undermines domestic consumption; but input costs inflate
A00 aluminium ingot price in China has nosedived for the second day in a row by RMB 450 per tonne to stand at the edge of RMB 22,000 per tonne. According to the Shanghai Metals Market, the price has come in at RMB 22,030 per tonne, with average prices estimated to range between RMB 22,010 per tonne and RMB 22,050 per tonne. The spot contract is likely to be traded at a premium price of RMB 90-50 per tonne. In Tianjin, the primary aluminium ingot price has slumped by RMB 550 per tonne to also come in at RMB 22,030 per tonne, while the price in Wuxi, Chongqing and Shenyang has plunged by RMB 460 per tonne to score at RMB 22,020 per tonne, RMB 21,990 per tonne and RMB 21,970 per tonne, respectively. In Foshan and Hangzhou, A00 aluminium ingot price has dwindled by RMB 450 per tonne to settle...
Hindalco’s aluminium wire rod & billets prices further dwindle by INR3000/t on April 6
Hindalco Industries Limited has continued to trim its aluminium products and aluminium ingot prices as the LME aluminium ingot price keeps pursuing a downtrend. With effect from April 6, Hindalco has reduced its aluminium wire rod price by INR 3,000 per tonne to INR 304,850 per tonne. On April 5, the price stood at INR 307,850 per tonne, seeing a cut of INR 6,250 per tonne from the previous day. Hindalco's aluminium billets price has also been reduced by INR 3,000 per tonne from INR 310,850 per tonne to INR 307,850 per tonne. Aluminium ingot price has come in at INR 293,750 per tonne, down by 1.01 per cent from INR 296,750 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which further decreased...
Composite PMIs for China’s some aluminium downstream sectors grow over month, thanks to demand recovery
According to the monthly PMI report presented by the Shanghai Metals Market, the composite PMI reading for China’s aluminium downstream processing sectors came in at 49.1 in March, recording a month-on-month rise of 19.8 percentage points and a year-on-year decline of 14.1 percentage points. Aluminium processing industry, as a whole, stumbled in March for many reasons, including the outbreak of a new COVID wave across Shandong province, north-east China, and other places affecting production and transportation that resulted in less-than-expected operating rates and new orders. Also, the wait-and-watch sentiment of downstream consumers due to soaring domestic aluminium prices contributed to the downtrend in operating rates. In March 2022, indexes for aluminium plate/sheet and construction...
South America’s alumina production in Jan-Feb 2022 tumbles by 8.6% to 1.859 Mt; Output in North America declines too
Alumina output in South America during January-February 2022 totalled 1.859 million tonnes, reflecting a year-on-year downfall of 8.6 per cent from 2.034 million tonnes, found the International Aluminium Institute’s data. In February, alumina production in South America amounted to 864,000 tonnes (including both chemical and metallurgical-grade), seeing a sharp fall by 131,000 tonnes or 13.17 per cent month-on-month. In January, the output dropped by only 1 per cent from 1.004 million tonnes to 995,000 tonnes. Compared to the preceding year, South America’s alumina production in February 2022 stood 10.47 per cent or 101,000 tonnes lower than 965,000 tonnes. In the first two months of 2022, alumina production in North America scored at 391,000 tonnes, down by 19,000 tonnes or 4.63 per cent...
Vedanta cuts its aluminium prices for the second time in a new fiscal year, bringing ingot price to INR297000-344500/t
Vedanta Limited reduced its aluminium ingot and aluminium products prices for the second time in a row in the new financial year 2022-23. With effect from April 5, the company cut its aluminium ingot selling price by INR 4,250 per tonne or 1.4 per cent to INR 297,000-344,500 per tonne. On April 2, the price ranged between INR 301,250 per tonne and INR 348,750 per tonne, seeing a trimming of INR 2,000 per tonne. Like any other Indian aluminium producers, Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange. So, in tandem with the continuous downfall in LME aluminium benchmark price from US$3,483 per tonne on April 1 to US$3,415 per tonne on April 5, Vedanta cut its aluminium prices. On a month-on-month...
Japanese aluminium shipments premium set at $172/t for Q2 2022, recording second consecutive quarterly drop
Three sources have confirmed that some Japanese aluminium buyers have agreed with at least two global producers on the premium payment of $172 per tonne for June shipments, compared to $177 million in the previous quarter. That reflects a quarter-on-quarter downfall of $5 per tonne or 2.8 per cent from $177 per tonne. The decline of premium for the June quarter marks a second consecutive quarterly drop, even less than initial offers of $195-250 per tonne made by producers. In the last quarter, the premium of aluminium shipments to Japan had seen a significant fall of 20 per cent on the ease of local spot premiums and overseas prices, recording a first quarterly decline in six months. In the December quarter of 2021, the premium was set at $220 per tonne. Japan is Asia’s biggest importer...
Hindalco’s aluminium billets & wire rod prices continue to shrink by 2% with effect from April 5
After about a week, Hindalco Industries Limited has further trimmed its aluminium products and aluminium ingot prices, with effect from April 5, 2022. Hindalco has reduced its aluminium billets price by INR 6,250 per tonne or 1.97 per cent to INR 310,850 per tonne. The previous price cut was on March 31, which had brought the company’s aluminium billets price to 310,850 per tonne, down by INR 7,000 per tonne from INR 317,100 per tonne. With the latest cut, Hindalco’s aluminium wire rod price has come in at INR 307,850 per tonne versus INR 314,100 per tonne on March 31. That also reflected a decrease of INR 6,250 per tonne. With effect from April 5, Hindalco is selling its aluminium ingot price at INR 296,750 per tonne as against the selling price of INR 303,000 per tonne on the previous...
NALCO further chops its aluminium ingot price by INR 13000/t on the onset of new fiscal year 2023
As the fiscal year 2022 ends, National Aluminium Company Limited (NALCO) further chops its aluminium ingot and aluminium products prices, with effect from April 1 FY2023. The company’s aluminium ingot price has seen a sharp cut of INR 13,000 per tonne or 4.20 per cent to INR 296,250- 299,750 per tonne. The previous price cut was on March 30 by INR 8,200 per tonne to the range of INR 309,250- 312,750 per tonne. Vedanta’s aluminium wire rod price has also been reduced by INR 13,000 per tonne, with effect from April 1, to come in at INR 298,750- 303,100 per tonne. Aluminium billets price is hovering around INR 299,700- 301,200 per tonne versus INR 312,700- 315,350 per tonne on March 30, meaning the product saw a cut of INR 13,000 per tonne as well over the two days. NALCO links its aluminium...
Vedanta’s aluminium production improves by 8% in 4QFY22, bringing annual output to a record high of 2.268 Mt
On Monday, April 4, 2022, mining giant Vedanta Limited announced that its aluminium and zinc production grew by 8 per cent in the fourth quarter ended March 31, while the output of iron ore increased by 18 per cent, as compared to the figure in the same period last year. From 531,000 tonnes in Q4 FY2021, the company’s cast metal aluminium production in Q4 FY2022 improved to 572,000 tonnes, bringing the total output in FY2022 to a record high of 2.268 million tonnes. That was an increase of 15 per cent year-on-year from 1.969 million tonnes, said Vedanta in a BSE filling. As the miner’s zinc production also saw a rise of 8 per cent in the March quarter, the output stood at 211,000 tonnes compared to 195,000 tonnes a year ago. Its integrated zinc output in FY2022 came in 776,000 tonnes...
Primary aluminium production in North America declines 5.5% Y-o-Y, while output in South America grows by 6%
In February 2022, primary aluminium production in North America stood at 291,000 tonnes, compared to 321,000 tonnes in January. That was a downfall of 30,000 tonnes or 9.35 per cent month-on-month, found the International Aluminium Institute. Also, on a year-on-year calculation, the output in February edged a decline of 5.52 per cent from 308,000 tonnes. In the first two months of the year, primary aluminium production in North America totalled 612,000 tonnes, down by 5.56 per cent or 36,000 tonnes from 648,000 tonnes. South America’s primary aluminium production also recorded a month-on-month downfall in February 2022. From 102,000 tonnes in January, the output in South America slipped to 91,000 tonnes. That was a decline of 11,000 tonnes or 10.78 per cent, found the IAI data, On a...
Metallurgical-grade alumina production in Africa & Asia edges a 7.6% hike during Jan-Feb 2022
In the first two months of 2022, alumina production in Africa & Asia totalled 2.224 million tonnes, with the output in February at 1.075 million tonnes, down by 6.44 per cent month-on-month, found the International Aluminium Institute’s data. In January, alumina production in Africa & Asia stood at 1.149 million tonnes, also down by 3.29 per cent month-on-month from 1.188 million tonnes. Africa & Asia’s total alumina production in two months included 2.159 million tonnes of metallurgical grade, up by 7.57 per cent from 2.007 million tonnes during the same period last year. On a year-on-year calculation, Africa & Asia’s alumina output in February 2022 stood 4.78 per cent higher than 1.026 million tonnes. According to IAI data, alumina production in Africa & Asia during the second half of...
Ball announces to scale down operations at 3 aluminium beverage can manufacturing plants in Russia
Ball Corporation, the US-based, one of the world’s leading aluminium beverage cans producing companies, has enlisted its name to the list of companies who are downsizing their businesses in Russia. Last week, Ball announced that it is reducing operations at three of its manufacturing plants in Russia due to the continued conflict with Ukraine. In a statement, Ball said that it is highly affected by the war, which has already created four million refugees and killed thousands of people, adding to which, the company stated that it plans to sell off all its assets in Russia. Ball’s three Russian plants collectively produce 5.6 billion cans each year, representing four per cent of the company’s total net assets. Worldwide, the company produces more than 11.25 billion cans each year. The...
China is boosting its aluminium exports to compensation the supply gaps in Western markets: Source
As observed by market experts, China is boosting its aluminium export volume to balance the supply gaps in Western markets. In February, China exported 26,378 tonnes of primary aluminium in February, the highest monthly since 2010, turning into a net exporter for the first time since November 2019. China has brought in a shift in its trade patterns. From being a significant importer during 2020 and 2021 as domestic production failed to match demand, China has moved on to being an exporter as production in Europe is affected by the soaring LME aluminium price and physical premiums. The slower production resulting in a supply crunch in the Western countries has thus led to the surge in export flow of Chinese semi-manufactured products to Western markets. But on the other hand, this is...
Primary aluminium weekly recap: NALCO, Hindalco trim their ingots selling prices as LME price retreats; Alba & EGA to explore production enhancement opportunities
As Russia retreats its military activities in some areas of Ukraine, allowing the resumption of alumina refineries and aluminium smelters, the LME aluminium benchmark price begins downsizing throughout the week with the hope of supply chain recovery. Starting at US$3,606 per tonne on Monday, March 28, LME aluminium price on March 29 shrank by US$23 per tonne to stand at US$3,583 per tonne. On Wednesday, March 30, the price plunged by US$75 per tonne to come in at US$3,508 per tonne, and further inched down the next day by US$5 per tonne to US$3,503 per tonne. To know more: https://www.alcircle.com/news/lme-aluminium-price-on-decline-recording-us3-503-t-due-to-russian-retreat-shfe-rises-to-us3-590-t-77981 China’s domestic price of A00 aluminium ingot also downsized through the week from...
