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.
Ulsan Aluminum in South Korea achieves ASI Performance Standard Certification for casting & rolling operations
The Aluminium Stewardship Initiative has certified Ulsan Aluminum against the Performance Standard Certification for casting, hot/cold rolling, and finishing operations in its South Korea plant. The news came after the ASI announced that it successfully certified Ulsan Aluminum Limited on Friday, December 10. Ulsan Aluminum, a joint venture between Novelis and Kobe steel in Japan, produces rolled materials in its South Korea plant, destined for automotive, electronic, construction, and packaging sector applications. The facility has an annual capacity of 400,000 tonnes. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly congratulate Ulsan Aluminum on achieving ASI Performance Standard Certification for its rolling operations. The company’s aluminum products provide...
China’s alumina spot price falls yet again to stand below RMB3000/t; Aluminium fluoride price touches new milestone at RMB13000/t
According to the Shanghai Metals Market, China's average alumina spot price has opened the third straight week, dates December 13, with a decline to stand below RMB 3,000 per tonne. SMM data shows the price has decreased by RMB 43 per tonne to come in at RMB 2,977 per tonne. However, in Guizhou, the average alumina spot price is hovering above RMB 3,000 per tonne as of December 13, even after seeing a sharp fall of RMB 125 per tonne. SMM shows the price in Guizhou has settled at RMB 3,025 per tonne, while the price in Guangxi has closed at RMB 2,875 per tonne by losing RMB 90 per tonne. In Henan and Shanxi, alumina price has dropped by RMB 25 per tonne to stand at RMB 2,985 per tonne and RMB 2,975 per tonne, respectively. Among the other input costs, the bauxite ((4.5≤Al/Si＜5.5) price in...
Primary aluminium weekly recap: Aluminium sector remains worst hit due to plunge in coal supplies to CPP; High energy price to cause KAP aluminium smelter shut down
The global primary aluminium industry this week saw a few major updates such as the appointment of Sayed Salah Sayed Aqeel by the first aluminium smelter in the Gulf region Aluminium Bahrain B.S.C (Alba) as a new Acting Manager for Environment, Social and Governance (ESG). To strengthen Alba’s ESG transformation drive, Sayed Salah will report directly to the CEO and spearhead Alba’s soon-to-be-announced Sustainability Fully-Fledged Roadmap. To know more: https://www.alcircle.com/news/albas-esg-transformation-drive-strengthened-with-the-appointment-of-new-acting-manager-sayed-salah-73051 Rusal this week announced that the company's trademark, low carbon aluminium brand ALLOW has ranked in the League of Green Brands, the first national ranking of sustainable brands. The League of Green...
LME aluminium price edged W-o-W decline of 0.87% to US$2625/t this week; SHFE price settled 0.75% higher at US$2958/t
The LME aluminium benchmark price closed the week, ended December 10, at 0.87 per cent or US$23/t lower than US$2,648 per tonne on December 3, while.the SHFE aluminium price settled 0.75 per cent or USS$22/t higher this week compared to US$2,936 per tonne on December 3. LME aluminium cash (bid) price and LME aluminium official settlement price opened the week on Monday, December 6, with a decline of US$47.5 per tonne or 1.79 percent to come in at US$2,599.50 per tonne and US$2,600.50 per tonne, respectively. On Tuesday, December 7, the prices increased by US$25 per tonne and US$24.50 per tonne to stand at US$2,624.50 per tonne and US$2,625 per tonne. They inched up the next day to US$2,625 per tonne and US$2,626 per tonne and further rose on December 9 to US$2,630 per tonne and...
China’s aluminium billet production to close the year higher at 15.06 MT; Remelting billet output to total at 1 MT
According to the survey conducted by the Shanghai Metals Market, the conversion margins of aluminium billet are standing high for a long. The inventory of billet is falling over the past seven weeks but is likely to enter a new round of accumulation, given the fall in shipments amid sluggish downstream purchases. The production capacities are widely spread across China, most of which are concentrated in the central and northern regions. The total installed capacity of aluminium billet in China is about 26.57 million tonnes, located mostly in the top three provinces like Shandong (34.44%), Xinjiang (16.58%), and Inner Mongolia (11.84%). SMM survey has also observed that China’s production capacity of aluminium billet is increasing year by year. Despite the large-scale production cuts and...
United States crude and dried bauxite imports hike by 20% Q-o-Q in 3Q2021, contributed by Turkey
The United States imported 881,000 tonnes of crude and dried bauxite in the third quarter of 2021 (ended September 30), which reflected a hike of 147,000 tonnes or 20.03 per cent quarter-on-quarter, found the latest date of the US Census Bureau. In the second quarter of the year, the United States imported 734,000 tonnes of crude and dried bauxite, which was also up from the previous quarter. On a year-on-year calculation, the United States’ crude and dried bauxite imports in Q3 2021 edged 11.66 per cent higher than 789,000 tonnes. The total imports of crude and dried bauxite by the United States from January to September came in at 2.310 million tonnes, however, down by 3.75 per cent from 2.4 million tonnes during the same period last year. Jamaica remained the prime exporter of the ore,...
ASI welcomes China-based chemical alumina producer CHALCO as new Production and Transformation member
The Aluminium Stewardship Initiative (ASI) has reportedly announced the joining of CHALCO Shandong Advanced Material Co., Ltd. to ASI as a new Production and Transformation member, which bring the total number of members to 206. CHALCO Shandong Advanced Material Co., Ltd., founded in 1960, is located in Zibo, Shandong Province of China. The company is engaged in the production, research, and development of fine alumina series products and is committed to the research, development, production, and application of new environmentally friendly materials and advanced functional materials. Currently, CHALCO Shandong’s annual production capacity of chemical alumina is at 1 million tonnes, including five series and more than 120 varieties products. The main five series products are: 4A zeolite,...
LME aluminium price grows by US$4.5/t to settle at US$2630.50/t; SHFE price further drops to US$2958/t
LME aluminium opened at US$2,622 per tonne on Thursday, December 9, and closed at US$2,627 per tonne, down US$8 per tonne or 0.3 per cent. LME aluminium cash (bid) price increased by US$5 per tonne to stand at US$2,630 per tonne, while LME aluminium official settlement price rose by US$4.50 per tonne to close at US$2,630.50 per tonne as of December 9. 3-month bid price climbed by US$8 per tonne to US$2,633 per tonne and 3-month offer price gained US$7 per tonne to come in at US$2,634 per tonne. December 22 bid price and December 22 offer price settled at US$2,620 per tonne and US$2,625 per tonne, respectively. LME aluminium opening stock further decreased to 890650 tonnes. Live warrants for the same day rose to 712375 tonnes, while cancelled warrants shrank to 178275 tonnes. LME aluminium...
EU imposes definitive anti-dumping duties on China’s aluminium converter foil
The European Commission has reportedly levied definitive anti-dumping duties, ranging from 15.4% to 28.5%, on imports of aluminium converter foil originating in the People’s Republic of China. The objective is to protect domestic companies and workers in this sector. Aluminium converter foil, an important commodity in the European Union market with a value of 630 million Euro, is used in the packaging and electric car battery industries. With the imposement of the tariffs, the imports of aluminium converter foil from China into the EU market will not enjoy an unfair advantage over the Union industries and will have to compete on an equal grounding. An investigation found that China’s aluminium converter foil dumping had caused significant impacts on the EU industry; firstly, by forcing...
China's primary aluminium inventories shrink for the third week in a row to 952,000 tonnes as of December 9
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to shrink for the third week in a row ending December 9, 2021. Data shows the inventories have decreased by 50,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 952,000 tonnes. Last week, on December 2, China’s primary aluminium inventories slipped 15,000 tonnes week-on-week to stand at 1 million tonnes. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have declined by 25,000 tonnes this week to stand at 378,000 tonnes versus 403,000 tonnes on December 2, while the inventories in Nanhai have slipped by 13,000 tonnes to come in at 220,000 tonnes. In...
Denso Corporation acknoweldges Hydro Precision Tubing for supplying low-carbon aluminium heat exchange components
Denso Corporation, a global automotive components manufacturer, has acknowledged its collaboration with Hydro Precision Tubing, Hydro’s aluminium extruded tubes and profiles manufacturing unit, by giving them the prestigious DENSO Award for Excellent Collaboration for Sustainability Initiatives in 2020. With the commitment to reduce CO2 emissions, DENSO has appreciated the proactive collaboration provided by the aluminum tubing team in Denmark. Hydro Precision Tubing in Tønder, Denmark, delivered heat exchange components and systems, developed with recycled and low-carbon aluminium Hydro Reduxa and post-consumer aluminium scrap, to Denso. Produced with renewable energy, Hydro REDUXA has a maximum carbon footprint of 4.0 kg CO2 per kg aluminium produced. This is one-fourth of the global...
Century Aluminum Company appoints new Board Member
Century Aluminum Company, US-based primary aluminum producer, has reportedly announced the addition of a member to its Board of Directors. With the appointment of Jennifer Bush, the company’s total members in the Board have come to six. Bush is appointed as an independent director with an immediate effect with a term expiring at Century’s annual meeting of stockholders in 2022. Ms. Bush served Cummins Inc. since 1997. From 2017, she was the Vice President, Cummins Sales and Service, North America. She leads the North America distribution business, overseeing a $5 billion segment with more than 250 locations and 9,000 employees. Ms. Bush joins Century with 25 years of experience of global P&L, commercial and operational leadership in industrial businesses to the Board, along with a strong...
Hindalco grows its aluminium ingot price by INR2250/t to INR231750/t with effect from December 8
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices on Wednesday, December 8, following a cut on the previous day, December 7. The company’s aluminium ingot price saw a rise of INR 2,250 per tonne from INR 229,500 per tonne to INR 231,750 per tonne, as of December 8. Hindalco’s aluminium wire rod price came in at INR 242,850 per tonne on December 8 after being raised by INR 2,250 per tonne as well from 240,600 per tonne on December 7. Aluminium billets price increased from INR 243,600 per tonne to INR 245,850 per tonne, also up by INR 2,250 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 7 increased by US$24.50 per tonne to US$2,625 per tonne....
China’s average alumina spot price continues to decline to RMB3072/t; A00 aluminium ingot price sheds RMB90/t
The average alumina spot price in China has recorded a continued decline of RMB 55 per tonne to RMB 3,072 per tonne on Thursday, December 9, found the Shanghai Metals Market. In Shandong, the price has shrunk by RMB 75 per tonne to RMB 3,175 per tonne, while the price in Shanxi has dwindled by RMB 65 per tonne to stand at RMB 3,050 per tonne. In Henan, the average alumina spot price has decreased by RMB 55 per tonne to peg at RMB 3,060 per tonne, followed by the fall of RMB 40 per tonne and RMB 30 per tonne in Guizhou and Guangxi, respectively, to close at RMB 3,200 per tonne and RMB 3,020 per tonne. The Australian alumina FOB price has registered a drop of US$7 per tonne to US$360 per tonne on December 9 after a restraint at US$367 per tonne on December 8, learned SMM. A00 aluminium...
Metallurgical-grade alumina production in China records a 0.83% hike to 6.1 million tonnes in November 2021 (30days)
According to the latest data revealed by the Shanghai Metals Market, alumina production in China in November (30 days) 2021 stood at 6.24 million tonnes, of which metallurgical-grade alumina was 6.1 million tonnes. On a month-on-month calculation, the production of metallurgical-grade alumina stood 0.83 per cent higher than 6.05 million tonnes. The average daily output of metallurgical-grade alumina was 203,000 tonnes, an increase of 4.14 per cent month-on-month and 5.19 per cent year-on-year. From January to November, China’s total production of metallurgical-grade alumina amounted to 65.8 million tonnes, up by 6.93 per cent from the same period last year. The metallurgical-grade alumina output grew in November compared with the previous month as the increase in alumina prices prompted...
Canyon to release bankable feasibility study for Minim Martap bauxite project to improve production by above 20%
Canyon Resources reportedly plans to release the bankable feasibility study for its Minim Martap bauxite project in January 2022, including improving rail production capacity and developing a superior port handling facility. Fresh modelling from West African rail engineering consultant Vecturis has said rail that traffic capacity of the project is better than previous anticipated, which will allow the production of Minim Martap bauxite to increase by more than 20 per cent from the original target. Canyon Resources and the Cameroon Ministry of Transport and Camrail have also carried out a review of rail operations methodology that has found out the possibility of increasing tonnage and improving rail efficiencies. Ongoing negotiations between Canyon and Douala Port Authority (PAD) have...
South Korea’s antitrust regulator decides to impose 20.7 billion won fines on 8 aluminium makers for price fixing
On Wednesday, December 8, South Korea’s antitrust regulator said a decision is taken to impose a combined 20.7 billion won ($17.6 million) in fines on eight aluminium alloy makers for plotting to fix bidding prices. Altechno Metal, specialised in producing aluminium ingot, rolling and drawing, along with seven other firms colluded to fix their quotations between 2011 and 2021 for bids on aluminium alloy products by the country’s largest carmaker Hyundai Motor Co. and its affiliate Kia Corp., according to the Fair Trade Commission (FTC). Prior to the bidding, the companies colluded to divide the total volume of orders by Hyundai Motor into similar amounts and fix the bidding prices in accordance with pre-set amounts. This helped them bag certain amounts of orders every year since 2011 at...
China’s aluminium production in Nov’21 declines 3% Y-o-Y to 3.07 MT, with daily average output at 102,000 tonnes
In November (30 days) 2021, China’s aluminium production stood at 3.07 million tonnes, reflecting a year-on-year decrease of 3 per cent, found the Shanghai Metals Market. The daily average output came in at 102,000 tonnes, flat on the month. From January to November, China’s total aluminium production amounted to 35.32 million tonnes, an increase of 4.35 per cent year-on-year. The domestic aluminium capacity increased slightly in November, but the capacity in Guangxi and Chongqing decreased due to power rationing. The accident at an aluminium plant in Wenshan, Yunnan, also affected the monthly output. However, some aluminium plants in Henan, Yunnan, and Inner Mongolia resumed production, which partially offset the production downfall. China’s aluminium capacity stood at 37.46 million...
