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.
Assan Aluminyum’s Tuzla and Dilovasi flat-rolled production and recycling facilities bag ASI Performance Standard Certification
Assan Aluminyum has achieved the Aluminium Stewardship Initiative's Performance Standard Certification after a successful on-site audit. The Performance Standard Certification has certified Assan Aluminyum’s Tuzla and Dilovasi flat-rolled production and recycling facilities for conforming to global sustainability standards. Assan Aluminyum, one of the two largest aluminium foil manufacturers in Europe, aims to produce more sustainable products based on the commitment to global environmental, social, and governance principles. The ASI Performance Standard aims to provide a common, global standard for the aluminium value chain on sustainability performance. ASI sets the global benchmark for sustainability in the global aluminium sector, establishing criteria for member companies that...
One day to go to AlCircle Expo 2022! Gear up for participation
The wait is about to end, and we’re here to remind you that there’s only one day to go to our third virtual event AlCircle Expo 2022 on February 15 & 16, from 11 AM to 7 PM (GMT). We are excited to meet you at the event, an ideal platform to expand business network, explore new business ideas, interact with industry leaders, and bag insightful knowledge. The event is virtual, but the experience will be real! We assure you to have an excellent opportunity to rub your shoulders with exhibitors from the world's leading aluminium companies like NKM Noell, Alba, Mitsui Bussan Commodities, CHALCO, Gouda Refractories, Fives, SECO/WARWICK, Nature Alu, Precimeter, and many others as noted in the below image. You will also be able to meet some of our eminent sponsors at the event: Besides, you can...
ASI certifies BORBET Group against Performance Standard Certification for responsible production at aluminium alloy wheels facilities
On Friday, February 11, Aluminium Stewardship Initiative announced that it certified BORBET Group against the Performance Standard Certification for the manufacture of aluminium alloy wheels at facilities including Medebach (Germany), Ranshofen (Austria), Solingen (Germany), Bad Langensalza (Germany), Port Elizabeth (South Africa) and Kodersdorf (Germany) as well as Corporate Headquarters at Hesborn, Germany. ASI added the Group successfully bagged the certification for responsible production, sourcing, and stewardship of aluminium with a focus on material stewardship. BORBET Group’s primary product is aluminium alloy wheels for passenger automobiles. Margot Borbet, CEO BORBET Group, said: “We are particularly pleased to receive ASI certification, as it perfectly complements our...
LME aluminium benchmark price shrinks by US$113/t to close at US$3200/t; SHFE price settles lower at US$3555/t
LME aluminium opened at US$3,238 per tonne last Friday and ranged between US$3,108-3,240 per tonne before closing at US$3,199 per tonne, a decrease of US$39 per tonne or 1.2 per cent. On Friday, February 11, LME aluminium cash (bid) price slipped by US$112.50 per tonne to come in at US$3,199.50 per tonne, while LME aluminium official settlement price shrank by US$113 per tonne to score at US$3,200 per tonne. 3-month bid price and 3-month offer price plunged by US$107 per tonne to stand at US$3,179 per tonne and US$3,180 per tonne, respectively. December 23 bid price and December 23 offer price also saw a decline of US$46 per tonne to US$2,817 per tonne and US$2,822 per tonne. LME aluminium opening stock totalled 875250 tonnes on February 11. Live warrants increased to 607275 tonnes, while...
Primary aluminium weekly recap: Alba reports strongest financial performance in its 5 decades; Hydro to curb 60% production at Slovalco aluminium smelter
This week saw releases of quarterly and full-year operational and financial reports by some leading primary aluminium producing companies like Rusal from Russia, Alba from Bahrain, and NALCO from India. Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, the output stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million tonnes a year ago. To know more: https://www.alcircle.com/news/rusals-aluminium-production-in-4q2021-grows-by-only-1-q-o-q-to-953-000-tonnes-while-sales-volume-hike-8-to-989-000-tonnes-76601 Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, reported the strongest financial...
LME aluminium benchmark price hits 14-year high this week; SHFE price closes above US$3600/t
The LME aluminium benchmark price continued to trend up throughout the week from Monday, February 7, to Thursday, February 10, to reach a 14-year high. It started the week at US$3,148 per tonne, seeing a rise of US$61 per tonne or 1.98 per cent from the previous day. On Tuesday, February 8, the LME aluminium price surged by US$97 per tonne or 3.08 per cent to settle at US$3,245 per tonne. On February 9, the LME aluminium price inched up by only US$3 per tonne to stand at US$3,248 per tonne but jumped the next day by US$65 per tonne to US$3,313 per tonne. However, on Friday, February 11, the LME aluminium price slipped by US$113 per tonne to close the week at US$3,200 per tonne. 3-month bid price and 3-month offer price increased on Monday by above US$45 per tonne to peg at US$3,110.50 per...
Rusal’s aluminium production in 4Q2021 grows by only 1% Q-o-Q to 953,000 tonnes, while sales volume hike 8% to 989,000 tonnes
Rusal reported a 1 per cent quarter-on-quarter growth in its aluminium production to 953,000 tonnes in Q4 2021, with Siberian smelters representing 93 per cent of the total output. In full-year, Rusal’s aluminium production stood at 3.764 million tonnes, mostly unchanged compared to 3.755 million tonnes in a year ago. Production of Rusal’s aluminium foil and packaging came in at 27,700 tonnes in Q4 2021 versus 27,400 tonnes in Q3, while the output in the entire year totalled 109,000 tonnes, up by 5.2 per cent from 103,000 tonnes. Aluminium sales amounted to 989,000 tonnes in Q4 2021, reflecting an increase of 8.1 per cent from 915,000 tonnes in Q3 2021. In total 12 months, aluminium sales closed the year at 3.904 million tonnes, down by 0.5 per cent from 3.926 million tonnes. Value-added...
China’s aluminium billet inventories build-up 17,600 tonnes to close the week at 267,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories gained 17,600 tonnes or 7.04 per cent from Monday to close the week ended Thursday, February 10, at 267,500 tonnes. The inventories increased across each of the five regions in China as the overall demand for aluminium billets was sluggish. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan was the biggest contributor to the inventory growth on Thursday, with an increase of 9,100 tonnes or 7.23 per cent to 134,900 tonnes, followed by Wuxi, with a rise of 3,200 tonnes in inventories to 59,700 tonnes. In Huzhou and Nanchang, aluminium billet inventories grew by 3,000 tonnes or 1,900 tonnes from Monday to stand at 26,000 tonnes and 24,500 tonnes, respectively....
Hindalco further expands its aluminium ingot price by INR4600/t in response to uninterrupted LME aluminium price hike
Hindalco Industries Limited has further expanded its aluminium ingot and aluminium products prices, in line with a continuous increase in the global aluminium benchmark price. With effect from Friday, February 11, Hindalco’s aluminium ingot price has come in at INR 283,750 per tonne, up by INR 4,600 per tonne from INR 288,350 per tonne on the previous day. Hindalco has also raised its aluminium wire rod and billets prices by INR 4,600 per tonne on February 11. While the former price has pegged at INR 294,850 per tonne versus INR 288,350 per tonne on February 9, the latter is standing at INR 297,850 per tonne compared to INR 291,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which after...
China’s aluminium foil exports reach a new high of 1.34 million tonnes in 2021
According to China customs data, the country’s aluminium foil exports from January to December 2021 reach a record high of 1.34 million tonnes, up by 7.73 per cent year-on-year. The previous high was 1.30 million tonnes in 2019. The annual export value of aluminium foil also reached a new high of $5.14 billion, reflecting a year-on-year increase of 34.2 per cent. The previous highest level was $4.30 billion in 2018. Customs data also showed that China’s export value of aluminium foil accounted for 1.48 per cent of the total export value of country’s all aluminium products. The year 2021 witnessed multiple hurdles like the slowdown of China’s economic growth, sluggish market demand, frequent pandemic and natural disasters, dual consumption of energy consumption, frequent power cuts, supply...
Alba combats COVID crisis with strongest financial performance in its 5 decades: Profit soars to BD451.9M with sales’ volume 1,550,857t
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reportedly launched its four-quarter and full-year 2021 financial results, whereby it has declared a profit of BD181.2 million (US$481.9 million) for 4Q2021. That was an increase of 466 per cent from a profit of BD32 million (US$85.1 million) during the same period last year. Gross profit for 4Q2021 was BD215.5 million (US$573.1 million), which reflected a rise of 259 per cent from BD60.1 million (US$159.8 million). Alba also reported that its total comprehensive income during Q4 2021 was BD183million (US$486.7 million), a surge of 455 per cent from BD32.9 million (US$87.8 million) a year ago. For the full-year of 2021, Alba has reported a profit of BD451.9 million (US$1,202 million) in contrast to...
Primary aluminium inventories in China surge by 84,000 tonnes to total at 950,000 tonnes on Feb.10
According to the Shanghai Metals Market, social inventories of primary aluminium have surged by 84,000 tonnes over the past three days across eight major consumption areas in China, including SHFE warrants, to come in at 950,000 tonnes as of Thursday, February 10. On Monday, February 7, the inventories stood at 866,000 tonnes, compared to 726,000 tonnes on January 27. Last week, on February 3, the SMM market was closed for the Chinese New Year holiday. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Wuxi have soared by 48,000 tonnes to come in at 333,000 tonnes, followed by the surge of 23,000 tonnes in Gongyi to hover around 140,000 tonnes. In Nanhai, primary aluminium inventories have increased...
Hydro decides to invest NOK 47 million in upgrading a casthoouse at Årdal aluminium plant
According to a recent report, Hydro, a Norwegian aluminium producer, has decided to invest around NOK 47 million in the casthouse at its Årdal aluminium plant to improve safety, lower energy consumption and carbon emissions, and accelerate production. The investment is for installing a new preheating chamber, which will be used for preheating cold metal and post-consumer aluminium before being added to the casting process. The benefits of having a dedicated preheating chamber include casting process more efficient, safer, and use surplus heat from the casting furnace as an energy source. “This project involves increased profitability, sustainability and safety. Hydro has an ambition to double the use of post-consumer aluminum. This investment will contribute to this, while reducing the...
Rusal announces 5% decrease in bauxite production to 3.602 MT during 4Q2021, but alumina output grows 3.5% to 2.138 MT
Rusal, a leading global Russian aluminium producer, announced its operating results for the fourth quarter of 2021 and for the 12 months ending December 31, 2021, revealing bauxite production in Q4 at 3.602 million tonnes, a decrease of 5 per cent from 3.792 million tonnes in Q3 2021. The decrease is largely attributed to seasonal weather factor that affected the operational performance of Timan, where bauxite output plunged by 39.4 per cent Q-o-Q, and North Urals, with bauxite production decreased by 11.3 per cent. In 12 months, Rusal’s bauxite output came in at 15.031 million tonnes, up by 1.3 per cent from 14.838 million tonnes a year ago. Rusal’s bauxite mines in Guinea produced 1.953 million tonnes altogether in Q4 2021, compared to 1.694 million tonnes in Q3 2021. Mines in Russia...
LME aluminium benchmark price inches up by US$3/t to US$3248/t; SHFE price soars by US$69/t
The LME aluminium benchmark price rose slightly on Wednesday, February 9, following four consecutive days of hike from US$3,043 per tonne to US$3,245 per tonne. On Wednesday, February 9, LME aluminium cash (bid) price inched up by US$2 per tonne, while LME aluminium official settlement price gained US$3 per tonne to come in at US$3,246 per tonne and US$3,248 per tonne. 3-month bid price and 3-month offer price jumped by US$30 per tonne to settle at US$3,224.50 per tonne and US$3,225.50 per tonne. December 23 bid price and December 23 offer price totalled at US$2,880 per tonne and US$2,885 per tonne. LME aluminium opening stock further decreased to 761950 tonnes. Live warrants and Cancelled warrants was recorded at 418850 tonnes and 343100 tonnes. LME aluminium 3-month Asian Reference...
NALCO’s aluminium ingot price sees a surge of INR14500/t on February 9 in response to LME aluminium new price high since 2008
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices on Wednesday, February 9, in response to the LME aluminium new price high since 2008. NALCO has increased its aluminium ingot price by INR 14,500 per tonne to INR 275050- 278550 per tonne on February 9. Over a week ago, on February 1, NALCO’s aluminium ingot price had seen a slash of INR 4,500 per tonne to INR 260,550-264,050 per tonne. NALCO’s aluminium wire rod price also experienced a surge of INR 14,500 per tonne on February 9 from INR 263,050-267,400 per tonne on February 1 to INR 277,550- 281,900 per tonne. With effect from February 9, aluminium billets price has come in at INR 278,500- 281,150 per tonne, in compare to INR 264,000-266,650 per tonne until the previous day. NALCO...
EGA plans to build aluminium recycling facility with 150,000 tonnes per year capacity
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced its plan to build an aluminium recycling facility with 150,000 tonnes per year of capacity, the company’s first and the largest in the UAE. EGA has already started conducting feasibility studies of the facility, which is expected to begin operation as early as 2024. The facility will recycle post-consumer aluminium scrap such as window frames and pre-consumer scrap from extrusion production into low-carbon-high quality aluminium billets. EGA intends to market its recycled aluminium products under the name EternAL. Aluminium scrap for the facility will be sourced primarily from the UAE and the wider region. More than half the aluminium scrap in the Gulf region is now either...
Hindalco’s aluminium wire rod & billet prices surge by INR12500/t or 4.5% in line with LME aluminium price hike to a four-month high
Hindalco Industries Limited has dramatically increased its aluminium products and aluminium ingot prices in line with the LME aluminium price growth to a four-month high. With effect from Wednesday, February 9, Hindalco’s aluminium wire rod price has hiked by INR 12,500 per tonne or 4.53 per cent to stand at INR 288,350 per tonne. Last week on February 5, Hindalco’s aluminium wire rod price stood at INR 275,850 per tonne, seeing a rise of INR 2,000 per tonne. On February 9, Hindalco’s aluminium billet price has witnessed a surge of INR 12,500 per tonne as well, from INR 278,850 per tonne to INR 291,350 per tonne. The company's luminium ingot price is currently standing at INR 277,250 per tonne, also up by INR 12,500 per tonne from INR 264,750 per tonne. Hindalco links its aluminium ingot...
