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 grows by INR9250/t following LME price surge on stringent production
Hindalco Industries’ aluminium ingot and aluminium products prices have continued witnessing hikes, in line with an incessant LME aluminium price surge, attributable to the anticipation of disrupted metal production due to natural gas price rise and supply scarcity. With effect from Friday, March 25, Hindalco has increased its aluminium ingot price by INR 9,250 per tonne or 3 per cent to INR 318,000 per tonne. On Wednesday, March 23, Hindalco’s aluminium ingot price stood at INR 308,750 per tonne, up by INR 3,500 per tonne from the previous day. Hindalco’s aluminium wire rod price has also been raised by INR 9,250 per tonne from INR 319,850 per tonne on March 23 to INR 329,100 per tonne on March 25. Aluminium billets price is no exception but has witnessed a rise of INR 9,250 per tonne or...
Alupro launches sustainable aluminium recycling manifesto, highlighting consistency and communication as key pillars
Alupro, the aluminium packaging recycling organisation, has reportedly launched its sustainability manifesto focusing on seven goals to bring in a change in the packaging and waste management approach and promote a successful circular economy. Describing the seven points of the manifesto at the launch, Tom Giddings, Executive Director of Alupro, noted – 1) carrying out consistent kerbside collections by local authorities is key, 2) conscious efforts should be made by local authorities and parties to implement ambitious on-the-go recycling and collection infrastructure, 3) regular communication campaigns is important through collaborations with companies, 4) implementation of a well-designed Deposit Return Scheme (DRS) by the government and responsible parties to promote collection of at...
Chinese primary aluminium inventories shrink by 50,000 tonnes W-o-W on delayed arrivals of stocks
According to the Shanghai Metals Market, social inventories of Chinese aluminium ingots have continued to decrease by 50,000 tonnes from a week ago, across eight major consumption areas, including SHFE warrants. Data shows the inventories have come in at 1.04 million tonnes, compared with 1.09 million tonnes last Thursday, March 17. China’s domestic aluminium market destocking has resulted in the decline in ingot inventories, primarily at Gongyi and Nanhai. In addition, delayed arrivals of stocks due to transport inefficiency, following the recent outbreak of COVID-19, has also consequence to the further downfall of inventories. Meanwhile, on Monday, the inventories dropped by 28,000 tonnes over the weekend to stand at 1.06 million tonnes. The chart below indicates the current status of...
IAI estimates global aluminium demand to grow 40% post-Covid, requiring additional output of 33.3Mt
A recent study has revealed that global aluminium demand will see an increase of 40 per cent by 2030, requiring an additional production of 33.3 million tonnes, meaning the metal output should ideally improve from 86.2 million tonnes in 2020 to 119.5 million tonnes in 2030. The research study, titled Opportunities For Aluminium In A Post-Covid Economy, conducted by business intelligence analyst CRU International on behalf of the International Aluminium Institute (IAI), has also noted the key industries that will drive the demand growth. Transportation, construction, packaging, and electrical are the four key industrial sectors that will together account for 75 per cent of the total demand. The demand from China is expected to be at 12.3 million tonnes, while from the rest of Asia 8.6...
India’s domestic aluminium smelters receive lowest coal rakes since September, pushing the country more to imports
India’s domestic coal supply to aluminium smelters record further decline with railway rakes supplying coal at the lowest rate since September, while the energy crisis appeared at its peak. This, as a consequence, has compelled the country’s aluminium industry to import more amid rising cost pressures. Data provided by Coal and Mines Minister Pralhad Joshi to Parliament shows the aluminium industry received an average of 18.4 coal-laden carriages a day in the first half of March as against 17.8 rakes in September. Aluminium smelters in India are suffering from lower coal supply while also reeling under surging oil and gas prices. The tighter coal supply is mainly because State-run monopoly Coal India Limited is diverting more supplies to power plants to avoid power shortages like last...
Chinese alumina price crawls up to RMB2970/t after four-day restraint; Market destocking lifts A00 aluminium ingot price by RMB240/t
The average alumina spot price in China has increased by RMB 7 per tonne on Thursday, March 24, after remaining restrained for the past four days at RMB 2,963 per tonne. According to the Shanghai Metals Market, the rise today has brought the domestic alumina spot price to RMB 2,970 per tonne. In Lianyungang and Bayuquan, alumina spot price has hiked by RMB 50 per tonne to settle at RMB 3,425 per tonne and RMB 3,525 per tonne, respectively, followed by the growth of RMB 20 per tonne in Shandong and Guangxi to RMB 2,920 per tonne and RMB 2,960 per tonne. In Shanxi, alumina price has gained RMB 10 per tonne to RMB 2,965 per tonne, while the price in Henan and Guizhou has remained muted at RMB 3,000 per tonne and RMB 2,965 per tonne as of March 24. On the same day, A00 aluminium ingot price...
Hindalco’s aluminium wire rod & billets prices further grow by 1% w.e.f. March 23
Hindalco Industries Limited has continued to expand its aluminium products and aluminium ingot prices, albeit lower than the previous day, with effect from Wednesday, March 23. The company has grown its aluminium wire rod price by INR 3,500 per tonne to INR 319,850 per tonne from INR 316,350 per tonne on March 22. Hindalco’s aluminium wire rod price on Tuesday saw a surge of INR 20,000 per tonne from INR 296,350 per tonne on March 18. Hindalco’s aluminium billets price has also seen an increase of INR 3,500 per tonne on March 23 to stand at INR 322,850 per tonne. On Tuesday, March 22, the price stood at INR 319,350 per tonne, soaring by INR 20,000 per tonne from INR 299,350 per tonne. With the latest rise, aluminium ingot price has come in at INR 308,750 per tonne versus INR 305,250 per...
US, UK end their 4-year-long dispute over aluminium and steel tariffs
A rift between the United States and the United Kingdom over aluminium and steel tariffs has finally come to an end as the former has agreed to lift the duties. On Tuesday, March 22, Anne-Marie Belinda Trevelyan, a British politician serving as Secretary of State for International Trade and President of the Board of Trade since 2021, officially said that both the countries reached a common term to remove the four-year-long aluminium and steel tariffs. To resolve the dispute, the United Kingdom has accepted a condition that Chinese-owned steel companies in Britain must undergo annual audits to ensure no cheap Chinese steel supply to the US tariff-free. Britain, to return the favour, has also agreed to withdraw retaliatory tariffs on US exports, including whiskey. 10 per cent tariff on...
Cameroonian Aluminium Company ALUCAM joins ASI as a new Production and Transformation member
On Tuesday, March 22, the Aluminium Stewardship Initiative reportedly welcomed Cameroonian Aluminium Company ALUCAM as a new Production and Transformation member. That brought the ASI’s total number of members to 215. ALUCAM is an industrial aluminium production company (Smelter) located in Edéa, a crossroads city between the Littoral, Center and South Cameroon. It started its operations in 1957 and, until now, has around 600 permanent employees to produce 100,000 tonnes of aluminium in a year. The company also relies on a large number of indirect jobs. Being a public capital company, the Government of Cameroon holds 93.3 per cent of shares of ALUCAM, while the rest are held by the French Development Agency (5.6 per cent) and the Cameroon National Investment Company (S.N.I). ALUCAM...
NALCO’s aluminium wire rod and billets prices rebound by INR23500/t as LME price rallies through the week
After about a week of the last price update, National Aluminium Company Limited (NALCO) has revised its aluminium ingot and aluminium products prices, in line with the global aluminium benchmark price. With effect from March 22, NALCO has expanded its aluminium wire rod price by INR 23,500 per tonne to sell the product at 307,050–311,400 per tonne as compared to the selling price of INR 283,550-287,900 per tonne on March 16. NALCO aluminium billets price has also experienced a raise of INR 23,500 per tonne to 308,000- 310,650 per tonne, with effect from March 22. Until then, NALCO was selling its aluminium billets at INR 284,500-287,150 per tonne, slashed by INR 24,800 per tonne from the previous day. NALCO’s aluminium ingot price has also been rebounded by the same amount to INR 304,550-...
Vedanta Aluminium recycles 14 billion litres of water aiming at optimising water consumption across value chain
According to a report on Tuesday, March 22, India’s largest aluminium producer Vedanta Aluminium Business has recycled 14 billion litres of water as of January FY2022, following its own robust Water Management Policy. As part of the commitment to fulfil water sustainability goals, Vedanta strives to increase water reutilisation, reduce freshwater consumption, and ensure zero liquid discharge from operations. In addition, Vedanta Aluminium is working on the construction of water harvesting and conservation infrastructures for perennial water supply in the regions where it operates. Speaking about Vedanta Aluminium's approach to water stewardship, Rahul Sharma, CEO of Vedanta Aluminium Business, said: "Excellence in ESG (Environmental, Social and Governance) forms the bedrock upon which we...
World primary aluminium production in February’22 registers a 9% fall to 5.114 MT, but daily average output sees a rise
According to the latest data shown by the International Aluminium Institute, world primary aluminium production in February 2022 recorded a downfall of 9.34 per cent month-on-month to stand at 5.114 million tonnes. In January, the output scored at 5.641 million tonnes, up by 1.95 per cent sequentially from 5.533 million tonnes. Also, on a year-on-year calculation, world primary aluminium production in February’22 stood lower by 2.33 per cent than 5.236 million tonnes. In two-month time of this year, production totalled 10.755 million tonnes, reflecting a fall of 2.28 per cent from 11.006 million tonnes during the same period last year. Daily average production of primary aluminium across the world came in at 182,600 tonnes in February 2022 as compared to 182,000 tonnes in January 2022 and...
China’s A00 aluminium ingot price declines by RMB220/t as consumers feel ambivalent about purchase amid new corona cases
China’s domestic primary aluminium ingot price has slipped on Tuesday, March 22, as rising cases of coronavirus have clouded the growth outlook for top metal consumers. But on the other hand, jitters over supply disruption as Russia-Ukraine peace discussions failed to ease conflict have capped the downfall of the price. According to the Shanghai Metals Market, A00 aluminium ingot price in China has decreased by RMB 220 per tonne on March 22 to stand at RMB 22,770 per tonne. The average prices are estimated to range between RMB 22,750 per tonne and RMB 22,790 per tonne, with spot contract to be traded at a premium price of RMB 90-50 per tonne. In Gongyi and Foshan, the primary aluminium ingot price has shrunk by RMB 230 per tonne to RMB 22,620 per tonne and RMB 22,790 per tonne, followed...
Hindalco trims its aluminium wire rod and billets prices by INR3250/t w.e.f. March 18
Hindalco Industries Limited again reduced its aluminium products and aluminium ingot prices, with effect from March 18, following an intermittent rise on March 17. The company’s aluminium wire rod price was cut by INR 3,250 per tonne on March 18 from INR 299,600 per tonne to INR 296,350 per tonne. Aluminium billets price was also trimmed by INR 3,250 per tonne from INR 302,600 per tonne on March 17 to INR 299,350 per tonne on March 18. Aluminium ingot price came in at INR 285,250 per tonne as of March 18 versus INR 288,500 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which decreased by US$18 per tonne on March 17 to US$3,288 per tonne. On a month-on-month calculation,...
China’s average operating rate of secondary aluminium falls to 44.7% in 2021 despite a rise in new capacity to 1.85 MT
Shanghai Metals Market data found China’s new secondary aluminium capacity stood at 1.85 million tonnes in 2021, including 1.17 million tonnes of secondary aluminium casting alloy, while the total installed capacity was 11.96 million tonnes. But the average operating rate of secondary aluminium fell to 44.7 per cent in 2021, down by about 4.2 percentage points from 2020, owing to chip supply shortage across the downstream, control on energy consumption, and a large amount of aluminium alloy ingot imports. In 2022, however, a lower amount of secondary aluminium capacity is expected to be added. According to SMM, new capacity will be around 1.8 million tonnes, of which 870,000 tonnes will be secondary aluminium casting alloy. In recent years, with the narrowing consumption of automobiles,...
China Hongqiao Group earns 33% higher revenue in CY2021 even amid volatile COVID pandemic situation
China Hongqiao Group Co., Ltd., the world's largest aluminium producer covering the entire value chain, has published its annual results for the year ended December 31, 2021, highlighting the revenue growth of 32.9 per cent (approx.) year-on-year to RMB 114,490,941,000. At the end of 2020, Hongqiao’s revenue stood at RMB 86,144,641,000 tonnes. In CY2021, the company derived RMB 84,312,993,000 of revenue from aluminium alloy products, accounting for approximately 73.7 per cent of the total. From aluminium fabrication and alumina, Hongqiao generated RMB 12,523,879,000 and RMB 16,966,928,000, accounting for 10.9 per cent and 14.8 per cent of the revenue. Gross profit earned by Hongqiao Group in 2021 was up by 57.3 per cent to RMB 30,453,096,000, of which aluminium alloy products accounted...
Alba secures recognition for its safe & healthy workplace from British Safety Council
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium producer outside China, bagged the prestigious International Safety Award – Merit by the British Safety Council for its consistent commitment to keeping the workforce safe and healthy during the calendar year of 2021. Since 1958, the International Safety Award is acknowledging and celebrating organisations efforts worldwide to keeping their workplace safe from injuries and work-related ill health. The award also recognises those organisations that show commitment to the wellbeing and mental health of the workforce. Alba’s Chief Executive Officer Ali Al Baqali said in a press release, “We are pleased to win again the prestigious International Safety Award by the British Safety Council as we stay on course to attain our...
LME aluminium benchmark price recovers to US$3380.5/t; SHFE grows 3% toUS$3637/t
Three-month LME aluminium opened at US$3,380 per tonne last Friday and closed at US$3,388 per tonne, an increase of US$5 per tonne or 0.15 per cent. On Friday, March 18, LME aluminium cash bid price and LME aluminium official settlement price recovered by US$92 per tonne and US$92.50 per tonne to close the week at US$3,379.50 per tonne and US$3,380.50 per tonne. 3-month bid price and 3-month offer price increased by US$84 per tonne and US$83 per tonne, respectively, to come in at US$3,399 per tonne and US$3,400 per tonne. On the same day, December 23 bid price and December 23 offer price stood at US$3,192 per tonne and US$3,197 per tonne, which also registered a hike of US$82 per tonne from US$3,110 per tonne and US$3,115 per tonne, respectively. LME aluminium opening stock continued to...
