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.
Rusal inaugurates the first phase of Taishet Aluminium Smelter, world’s most advanced low-carbon aluminium production plant
Rusal, a leading global producer of aluminium, has reportedly commenced the operation of the first phase of the world’s most advanced low-carbon aluminium production plant Taishet Aluminium Smelter (TaAZ) in Taishet, Siberia. This represents Rusal’s commitment to decarbonize its operations and consumer products chains. The news came after the smelter’s opening ceremony on December 17, attended by the representative of the President of the Russian Federation in the Siberian Federal District Anatoly Seryshev, Deputy Prime Minister of the Russian Federation Victoria Abramchenko, Governor of the Irkutsk Region Igor Kobzev, and the General Director of RUSAL Evgenii Nikitin. The smelter is considered one of the greenest in the world, run on clean energy from Siberian hydroelectric power plants....
Hindalco hikes its aluminium billets price by INR3250/t w.e.f. December 17 after two back-to-back cuts
After the two consecutive days of decline, Hindalco Industries’ aluminium products and its aluminium ingot prices have seen a hike with effect from Friday, December 17. The company’s aluminium billets price has witnessed an increase of INR 3,250 per tonne to INR 248,850 per tonne. On the previous two days, the price was cut back-to-back by INR 2,750 per tonne. Hindalco’s aluminium wire rod price sees no exception but a raise of INR 3,250 per tonne from INR 242,600 per tonne on December 16 to INR 245,850 per tonne on December 17. The company has increased its aluminium ingot price also by INR 3,250 per tonne to INR 234,750 per tonne, with effect from December 17. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal...
European aluminium can recycling rate shows stability at 75.8% for 2019; aims to achieve 100% by 2030
A recent report released by Metal Packaging Europe and European Aluminium reveals that the overall recycling rate of aluminium beverage cans in the European Union, Switzerland, and Iceland remained stable in 2019 at 75.8 per cent. In line with the increase in aluminium can consumption, the production of aluminium from recycled cans reached a record level of 488,000 tonnes, saving 4 million tonnes of CO2 emissions (equivalent to the amount of GHG emissions produced by a European town of 440,000 inhabitants like Bratislava, Tallinn or Murcia. Can manufacturers, members of Metal Packaging Europe, and their aluminium suppliers, members of European Aluminium, welcomed the new report but added that the recycling rates could go even higher with a little more effort. In March 2021, the two...
Higher demand leads to the shortage of global primary aluminium supply during Jan-Oct 2021
The World Bureau of Metal Statistics (WBMS) released a report on Wednesday, December 15, revealing the shortage of 1.366 million tonnes of global primary aluminium supply from January to October 2021, in contrast to the metal surplus of 1.271 million tonnes in 2020. The global demand for primary aluminium from January to October 2021 totalled 57.62 million tonnes, an increase of 4.42 million tonnes a year ago. Demand is measured by apparent data, and the nationwide blockade may affect trade statistics. Primary aluminium demand in Japan grew by 265,000 tonnes, while that in the United States increased by 112,000 tonnes. The global production of primary aluminium rose 4.1 per cent during January-October compared to the same period last year. As a result, inventory at the end of October was...
Primary aluminium inventories in China lose 42,000 tonnes this week to stand at 910,000 tonnes
Social inventories of primary aluminium in China have extended the fall this week to stand at 910,000 tonnes, as of December 16, found the Shanghai Metals Market. SMM data shows the inventories have plunged today by 42,000 tonnes across eight major consumption areas, including SHFE warrants, contributed mainly by Wuxi. A week ago, on December 9, primary aluminium inventories stood at 952,000 tonnes after being decreased by 50,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have plummeted by 24,000 tonnes from the previous week to stand at 354,000 tonnes, while the inventories in Nanhai have declined by 9,000 tonnes to settle at 211,000 tonnes. In Hangzhou and...
Hindalco Industries back-to-back reduces aluminium ingot price by INR2750/t in line with LME aluminium price slump
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back, with effect from Thursday, December 16. After a cut of INR 2,750 per tonne on December 15, Hindalco’s aluminium ingot price sees another slash of the same amount on December 16 to stand at INR 231,500 per tonne. On December 15, the company’s aluminium ingot price stood at INR 234,250 per tonne compared to INR 237,000 per tonne on the previous day. Hindalco’s aluminium wire rod price has also been shrunk by INR 2,750 per tonne on December 16 from INR 245,350 per tonne to INR 242,600 per tonne. The latest cut has brought the aluminium billets price to INR 245,600 per tonne, which is down by INR 2,750 per tonne as well from INR 248,350 per tonne. Hindalco Industries has back-to-back cut...
Alvance Aluminium Dunkerque now owns dual ASI certification by achieving Chain of Custody Standard
The Aluminium Stewardship Initiative has reportedly certified Alvance Aluminium Dunkerque against the Chain of Custody certification for the production of aluminium rolling slabs and foundry ingots for remelting. The aluminium slabs and ingots produced at the Dunkerque facility are destined for the use in transport, automotive, packaging, building and construction industries. The site has a production capacity of over 284,000 tonnes of aluminium products per annum. In August 2020, the plant also achieved the Performance Standard Certification. Fiona Solomon, Chief Executive Officer at ASI, said: “ASI warmly congratulates Aluminium Dunkerque on achieving Chain of Custody Standard Certification at its smelting and casting facility, the largest primary aluminium smelter in Europe. This...
LME aluminium price decreases by US$39/t to settle at US$2597/t; SHFE price dips by US$3/t
Three-month LME aluminium opened at US$2,630 per tonne on Wednesday, December 15, and closed at US$2,601 per tonne, down $21 per tonne or 0.8 per cent. On Wednesday, December 15, LME aluminium cash (bid) price and LME aluminium official settlement price decreased for the second day in a row this week by US$39 per tonne to stand at US$2,596 per tonne and US$2,597 per tonne, respectively. 3-month bid price and 3-month offer price slipped US$40.50 per tonne and US$41 per tonne to hover around US$2,589.50 per tonne and US$2,590 per tonne. December 22 bid price closed at US$2,583 per tonne and December 22 offer price settled at US$2,588 per tonne. LME aluminium opening stock increased to 990550 tonnes. Live warrants hiked to 861800 tonnes but Cancelled Warrants dropped to 128750 tonnes. LME...
Rusal invests US$12 million in repairing and modernising SKAD plant for aluminium alloy car wheels production
Rusal, the world’s leading aluminium producer, has announced the investment of more than 870 million rubles (US$12 million) in repairing and modernising its plant SKAD for the production of aluminium alloy car wheels. SKAD is Russia’s largest enterprise of producing cast aluminium alloy car disks, founded in 2002. Rusal says that it has already completed a comprehensive programme of overhauls and modernisation of production at the SKAD plant. The company has refurbished workshops and carried out the main process equipment on the production line, and also installed new foundry machines and equipment for aluminium wheels production, including those from the “Almaz” line, as well as new equipment for in-line quality control of each wheel. There are now two wheel painting complexes at the...
Hydro to deliver first near-zero carbon aluminium in 2022, a step to carbon-free aluminium by 2030
Hydro is nearing to give shape to its new sustainability ambition, announcing to most likely deliver the first commercial volumes of near-zero carbon aluminium in 2022. This will be an initial step to its continuing efforts towards an industrial-scale pilot producing carbon-free aluminium by 2030. Hydro says that it will deliver the first commercial volumes of aluminium with 0.5-1 kg CO2/kg aluminium, which will come from the use of more recycled post-consumer aluminium scrap, a significant improvement from the current 2.3 kg CO2/kg aluminium in Hydro CIRCAL extrusion ingot. President and CEO Hilde Merete Aasheim said, “The world needs a green transition to fight climate change. This is both our most important challenge and our biggest opportunity. The world must reduce its carbon...
Hydro to build new remelt facility at its aluminium extrusion plant in Hungary; Operation likely to commence in Q1 2024
Norsk Hydro has announced that it will build a new remelt facility at its aluminium extrusion plant in Szekesfehervar, Hungary, with an annual capacity of 90,000 tonnes. Hydro’s extrusion plant in Hungary is the largest in Europe, having six presses and extensive fabrication and surface treatment capabilities. As per the report, the new remelt facility, which involves the total investment of EUR 88 million, is expected to commence production in the first quarter of 2024. The facility will allow the plant to take back production scrap and create closed loops. In a closed loop, production scrap from customers like the automotive tier-one suppliers is collected and sent back directly to the remelt plant. Hydro’s new remelt facility adjacent to the extrusion plant will also remove...
China’s average alumina price declines for over two weeks in a row to RMB2901/t; A00 aluminium ingot price gains RMB30/t
The average alumina spot price in China has continued to decline for over two weeks in a row to stand at RMB 2,901 per tonne as of Wednesday, December 15. According to the Shanghai Metals Market, the price has decreased by RMB 52 per tonne from RMB 2,953 per tonne on December 14. In Henan, Guizhou, and Guangxi, the alumina spot price has shrunk by RMB 60 per tonne to RMB 2,900 per tonne, RMB 2,950 per tonne, and RMB 2,800 per tonne, respectively, while the price in Shandong and Shanxi has slipped by RMB 50 per tonne to RMB 3,000 per tonne and RMB 2,900 per tonne. Australian alumina FOB price has recorded a drop of US$20 per tonne on December 15 to peg at US$345 per tonne after remaining restrained on December 13 and 14, learned SMM. A00 aluminium ingot price has increased for the second...
US aluminium scrap exports to Malaysia record a 14% hike Q-o-Q to 143,700 tonnes in 3Q2021
According to the US Census data, the United States aluminium scrap exports to Malaysia stood at 41,200 tonnes in September 2021, bringing the total exports in Q3 to 143,700 tonnes. On a month-on-month basis, the United States aluminium scrap exports to Malaysia in September 2021 edged 27.59 per cent fall than 56,900 tonnes. However, on a year-on-year calculation, the exports registered a hike of 9.57 per cent from 37,600 tonnes. Aluminium scrap exports in Q3 from the US to Malaysia saw an increase of 14.14 per cent quarter-on-quarter from 125,900 tonnes. On a year-on-year basis, the quarterly exports stood 12.44 per cent higher than 127,800 tonnes, showed the Census Bureau data. From January to September, the United States exported 380,000 tonnes of aluminium scrap in total, up by 29.69...
Hindalco hikes its aluminium billets and wire rod prices by INR5250/t or 2% with effect from December 14
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices, with effect from Tuesday, December 14, after the last hike nearly a week ago on December 8. Hindalco’s aluminium wire rod price has climbed by INR 5,250 per tonne or 2.16 per cent to stand at INR 248,100 per tonne as of December 14. On last Wednesday, December 8, the company’s aluminium wire rod price stood at INR 242,850 per tonne after being raised by INR 2,250 per tonne from the previous day. Hindalco’s aluminium billets price has also seen an increase of INR 5,250 per tonne from INR 245,850 per tonne on December 8 to INR 251,100 per tonne on December 14. Aluminium ingot price has come in at INR 237,000 per tonne, up by INR 5,250 per tonne as well from INR 231,750 per tonne a week ago....
India: Ministry of mines recommends additional 10% import duty on primary aluminium products
India’s ministry of mines has reportedly recommended the ministry of finance to raise the import tariff on primary aluminium products, such as ingots and billets, from the existing 7.5 per cent to 10 per cent. The news came after industry sources said on Friday, December 10. “Earlier this week, private players of the domestic aluminium industry have approached the finance ministry for an import duty hike via the ministry of mines,” sources close to the development told Business Standard. As per the report, this recommendation has been made to discourage cheap imports of primary aluminium into the country and ramp-up the use of domestic metal. The top three aluminium producers in India like Hindalco Industries, Anil-Agarwal-led Vedanta Limited and National Aluminium Company (NALCO) are...
LME aluminium price surges by US$52/t to stand at US$2677/t; SHFE price exceeds US$3000/t
LME aluminium opened at US$2,612 per tonne last night and closed at US$2,662.50 per tonne, up 1.8 per cent. On Monday, December 13, LME aluminium cash (bid) price surged by US$51 per tonne or 1.94 per cent to stand at US$2,675 per tonne, while LME aluminium official settlement price came in at US$2,677 per tonne by climbing US$52 per tonne. 3-month bid price and 3-month offer price built-up by US$33.50 per tonne and US$32 per tonne to settle at US$2,650.50 per tonne and US$2,651 per tonne, respectively. December 22 bid price and December 22 offer price closed higher at US$2,643 per tonne and US$2,648 per tonne. LME aluminium opening stock decreased to 909650 tonnes. Live warrants increased to 742325 tonnes but Cancelled Warrants declined to 167325 tonnes. LME aluminium 3-month Asian...
NALCO grows its aluminium ingot price by 1% to INR229,250- 232,750/t with effect from December 10
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Friday, December 10, following a cut on December 7. The company, under the ownership of Ministry of Mines, has raised its aluminium ingot price by INR 3,000 per tonne or 1.33 per cent to INR 229,250- 232,750 per tonne. On December 7, the product price stood at INR 226,250-229,750 per tonne, down by INR 5,600 per tonne from the previous day. NALCO’s aluminium wire rod price has also seen an increase of INR 3,000 per tonne from INR 228,750- 233,100 per tonne on December 7 to INR 231,750- 236,100 per tonne on December 10. Aluminium billets price has come in at INR 232,700- 235,350 per tonne, compared to INR 229,700- 232,350 per tonne on the previous day. NALCO links...
United States alumina imports show a Q-o-Q decline of 12% to 336,000 tonnes in 3Q2021; Imports from Brazil edge 7.5% fall
According to the recent report published by the US Census Bureau, the United States alumina imports in the third quarter of 2021 saw a drop of 12.27 per cent quarter-on-quarter to 336,000 tonnes. In the second quarter, the country’s alumina imports were 383,000 tonnes, which was also down by 7.93 per cent from 416,000 tonnes in Q1 2021. However, on a year-on-year basis, the United States alumina imports in Q3 2021 grew 7.69 per cent from 312,000 tonnes. The total alumina imports by the United States from January to September 2021 amounted to 1.130 million tonnes, reflecting an increase of 9.71 per cent from 1.030 million tonnes during the same period last year. Brazil, being the primary supplier of alumina to the US, exported 233,000 tonnes in Q3 2021, 7.54 per cent less than 252,000...
