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.
Alumina production in Europe (incl. Russia) climbs 4% M-o-M to 872,000 tonnes in October 2021
According to the International Aluminium Institute, alumina production in Europe (including Russia) stood at 872,000 tonnes in October 2021. That was an increase of 34,000 tonnes or 4.06 per cent from 838,000 tonnes in September. However, the production in September had recorded a fall of 8.32 per cent of 76,000 tonnes from 914,000 tonnes in August. When compared to the last year, alumina output in Europe (incl. Russia) in October 2021 stood 1.40 per cent or 12,000 tonnes higher than 860,000 tonnes. From January to October, alumina production in Europe amounted to 8.674 million tonnes, flaunting a surge of 129.53 per cent from 3.779 million tonnes during the same period last year. World alumina production in October 2021 totalled 11.601 million tonnes, up by 3.71 per cent from 11.186...
Primary aluminium production in North America grows 4.6% M-o-M in October’21; Output in South America flaunts 6% rise
Primary aluminium production in North America in October 2021 stood at 318,000 tonnes, flaunting an increase of 14,000 tonnes or 4.61 per cent month-on-month, found the International Aluminium Institute (IAI). In September, primary aluminium production came in at 304,000 tonnes, down by 11,000 tonnes or 3.49 per cent from 315,000 tonnes a month ago. On a year-on-year calculation, North America’s primary aluminium output in October 2021 stood 4.79 per cent or 16,000 tonnes lower than 334,000 tonnes. From January to October 2021, North America produced 3.25 million tonnes of primary aluminium, 1.81 per cent less than 3.31 million tonnes during the same period last year. In South America, primary aluminium production in October 2021 amounted to 100,000 tonnes, which was up by 4,000 tonnes or...
India’s aluminium scrap imports from US grow for the third straight month to 46,100 tonnes; Imports in Q3 climb 42.6% from Q2
India’s aluminium scrap imports from the United States continued to increase for the third month in a row, albeit lower than the previous month, in September 2021. According to the US Census Bureau data, India’s aluminium scrap imports from the US edged 1.77 per cent or 800 tonnes lower month-on-month to stand at 46,100 tonnes. In August 2021, India’s imports from the US recorded at 45,300 tonnes, up by 11,200 tonnes or 32.84 per cent from 34,100 tonnes in July. On a year-on-year calculation, India’s aluminium scrap imports from the US in September 2021 registered a hike of 10,600 tonnes or 29.86 per cent from 35,500 tonnes. The third consecutive month of hike in September brought India’s total aluminium scrap imports from India for Q3 2021 to 125,500 tonnes, up by 42.61 per cent from...
Raffmetal and Cromodora Wheels sign contract to produce primary aluminium alloys wheels from recycling
Raffmetal and Cromodora Wheels, European aluminium alloys producer from recycling and first equipment aluminium wheels producer for major car makers, have signed a contract to develop, test, and patent an innovative high-performance primary alloys wheels from recycling. By maximising recycled content within the alloy, Cromodora will produce aluminium wheels of primary alloy from recycling, which will allow a 95 per cent reduction in energy consumption and 89 per cent decrease in CO2 emissions. The aim is to offer the market a wide range of alloy wheels in response to the growing demand of automotive manufacturers that strive to reduce emissions during production by utilising materials derived from recycling. The alloys will be produced in the Special Alloys plant in Vobarno and will be...
LME aluminium price declines by US$15/t to close at US$2635/t; SHFE price inches up by only US$2/t
LME aluminium opened at US$2,647 per tonne on Tuesday morning and closed at US$2,625 per tonne, down US$25 per tonne or 0.94 per cent. On the supply side, the current aluminium output finds it hard to increase. LME aluminium cash (bid) price decreased by US$14.50 per tonne on Tuesday, November 30, to stand at US$2,634.50 per tonne, while LME official settlement price declined by US$15 per tonne to come in at US$2,635 per tonne. 3-month bid price and 3-month offer price slipped by US$16.50 per tonne to close at US$2,625 per tonne and US$2,626 per tonne, respectively. December 22 bid price and December 22 offer price settled at US$2,608 per tonne and US$2,613 per tonne. LME aluminium opening stock on November 30 continued to decrease to 900975 tonnes. Live Warrants remained restrained at...
Alumina production in Africa & Asia (ex-China) sees a 1% drop M-o-M to 1.09 MT in Oct’21
In October 2021, alumina production in Africa & Asia (ex-China) stood at 1.09 million tonnes, reflecting a decrease of 1 per cent month-on-month, found the International Aluminium Institute (IAI). In September, alumina output in Africa & Asia (ex-China) was 1.100 million tonnes, down by 2.22 per cent from 1.125 million tonnes in August 2021. This indicates that alumina production in Africa & Asia (ex-China) recorded a second straight month of decline in October 2021. However, on a year-on-year calculation, the output stood 8.35 per cent higher than 1.006 million tonnes. From January to October 2021, Africa & Asia’s alumina production totalled 10.894 million tonnes, up by 6.27 per cent from 10.251 million tonnes during the same period last year. Global alumina production in October 2021...
Relief for NALCO and Hindalco investors as aluminium demand to outpace supply through H2 FY2022
Aluminium has been seeing a volatile trend in the global metals market for the past two months. In mid-October, the LME aluminium prices hit multi-year highs at US$3198/t but then recorded a steep downfall to US$2550/t in early November before stabilizing at around US$2700/t. Going ahead, volatility is likely to continue. Analysts expect demand to drop due to the decrement in global growth, while they also anticipate a tight supply of the metal due to high energy costs. However, the second quarter of FY2021-22 saw strong aluminium demand outside China from sectors like construction and packaging. But demand from the auto sector, the key aluminium consumer, was sluggish as automobile production was slow due to chip shortages. The aviation sector was also in a slowdown. In India, the...
Hindalco grows its aluminium ingot price over the weekend ending November 30 by over 1.5% to INR233000/t
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, November 30, following a sharp cut on Saturday, November 27. The latest hike has brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 3,750 per tonne or 1.64 per cent from INR 229,250 per tonne. Hindalco is currently selling its aluminium wire rod at INR 244,100 per tonne after increasing it by INR 3,750 per tonne from INR 240,350 per tonne on November 27. The company’s aluminium billets price has also seen a hike of INR 3,750 per tonne from INR 239,850 per tonne on November 27 to INR 243,600 per tonne, as of November 30. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on...
ASI certifies Gränges plant in Sweden against Chain of Custody Standard Certification for aluminium casting & rolling
The Aluminium Stewardship Initiative has certified Gränges, an aluminium technology company, against the Chain of Custody Standard Certification for casting and rolling operations at its Finspång AB plant in Sweden. The facility earlier achieved full Performance Standard Certification status, which superseded the Provisional Status Certification achieved in February 2021. Gränges Finspång AB plant in Sweden designs and manufactures aluminium rolled strips and sheets destined for the automotive industry, with current annual production capacity of 100 Kt. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Gränges on their achievement of Chain of Custody Standard and full Performance Standard Certifications at their Finspång facility. This facility’s focus on the...
LME aluminium price gains US$31.50/t to US$2650/t after an intermittent decline; SHFE price grows to US$2975/t
LME aluminium opened at US$2,602.50 per tonne on Monday, November 29, and closed at US$2,650 per tonne, an increase of US$58 per tonne or 2.24 per cent. Both LME aluminium cash (bid) price and LME official settlement price increased by US$31.50 per tonne or 1.20 per cent on Monday, November 29, to stand at US$2,649 per tonne and US$2,650 per tonne, respectively, following an intermittent plunge on the previous day. 3-month bid price grew by US$24.50 per tonne to US$2,641.50 per tonne, and 3-month offer price climbed by US$23.50 per tonne to settle at US$2,642.50 per tonne. December 22 bid price and December 22 offer price amounted to US$2,615 per tonne and US$2,620 per tonne, respectively. LME aluminium opening stock on November 29 further decreased to 909225 tonnes. Live Warrants...
World alumina production reflects a growth of 3.71% M-o-M to 11.601 million tonnes in October 2021
According to the International Aluminium Institute, the world alumina production stood at 11.601 million tonnes in October 2021 (including both metallurgical and chemical), reflecting a month-on-month increase of 3.71 per cent month-on-month. In September, the output came in at 11.186 million tonnes, a decrease of 4.19 per cent from 11.675 million tonnes a month ago. Total world alumina production in three months (August-October) of 2021 stood at 34.462 million tonnes, down by 2.97 per cent from 35.516 million tonnes during May-July 2021. On a year-on-year calculation, the world alumina production in October 2021 edged 1.01 per cent higher than 11.485 million tonnes. From January to October 2021, world alumina production amounted to 115.524 million tonnes, up by 4.97 per cent from 110.050...
Hindalco Industries sharply cuts its aluminium wire rod price by INR9000/t with effect from November 27
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices on Saturday, November 27, following three consecutive hikes since November 23. The latest cut brought the company’s aluminium wire rod price to INR 240,350 per tonne from INR 249,350 per tonne on November 26. That reflected a downfall of INR 9,000 per tonne. Hindalco’s aluminium billets price stood at INR 239,850 per tonne with effect from November 27, also down by INR 9,000 per tonne from INR 248,850 per tonne. Hindalco’s aluminium ingot selling price came in at INR 229,250 per tonne after being declined from INR 238,250 per tonne on November 26. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which...
Emirates Global Aluminium together with General Electric to cut greenhouse gas emissions
According to a recent report, Emirates Global Aluminium has signed an official contract with General Electric Co. (GE) to reduce greenhouse gas emissions at its plants in the United Arab Emirates. The companies will reportedly chalk out a plan to cut emissions from GE’s natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilization, and storage solutions. Emirates Global Aluminium, also known as EGA, operates 33 natural gas turbines of General Electric at Jebel Ali and Al Taweelah. The turbines together have a power generation capacity of 5,200 megawatts, which account for a significant proportion of GE’s total greenhouse gas emissions. Emirates Global Aluminium is equally owned by two sovereign wealth funds - Investment Corp. of Dubai and Abu Dhabi’s...
LME aluminium price falls sharply by US$122/t to close at US$2618.50/t; SHFE price declines by US$71/t
During last Friday’s night session, LME aluminium opened at US$2,717.50 per tonne and closed at US$2,592 per tonne, a decrease of US$123 per tonne or 4.53 per cent. After three consecutive days of hike, LME aluminium cash (bid) price and LME official settlement price plummeted by US$122 per tonne or 4.45 per cent on Friday, November 26, to stand at US$2,617.50 and US$2,618.50 per tonne, respectively. 3-month bid price sharply fell by US$117 per tonne to US$2,617 per tonne, while 3-month offer price plunged by US$116 per tonne to settle at US$2,619 per tonne. December 22 bid price and December 22 offer price totalled at US$2,592 per tonne and US$2,597 per tonne, respectively. LME aluminium opening stock on November 26 decreased from 919225 tonnes to 915850 tonnes. Live Warrants stood at...
Primary aluminium weekly recap: 1.8 million tonnes of aluminium seized in Vietnam fuel price escalation; BALCO dispatches first rake of its fly-ash
Some of the top news that created a buzz in the primary aluminium industry this week included the hoard of 1.8 million tonnes of aluminium worth $5 billion in Vietnam drove China’s metal supply through a drastic crisis and fuelled the escalation of prices globally. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged trade fraud. However, as reported by a global agency that if the mammoth stockpile was liberated it could resolute the worldwide shortfall and drag the price of the commodity down. To know more: https://www.alcircle.com/news/vietnam-holds-1-8-million-tonnes-of-aluminium-worth-5-billion-amid-the-global-crisis-72931 The stock market regulators in Hong Kong are examining the plans made by...
LME aluminium price closed this week lower at US$2618.50/t; SHFE price climbed by US$33/t to settle at US$3027/t
On Monday, November 22, LME aluminium cash (bid) price and LME official settlement price started the week at US$2,653 per tonne and US$2,653.50 per tonne, respectively. They both decreased by US$7.50 per tonne from the previous day. On Tuesday, November 23, LME aluminium cash (bid) price jumped by US$37 per tonne to US$2,690 per tonne, while LME official settlement price climbed by US$37.50 per tonne to US$2,691 per tonne. The prices grew further the next day by US$8 per tonne to stand at US$2,698 per tonne and US$2,699 per tonne, respectively. On Thursday, November 25, both LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to US$2,739.50 per tonne and US$2,740.50 per tonne. They closed the week on November 26 at US$2,617.50 per...
Hindalco Industries hikes its aluminium ingot price for the third time in a row to INR238250/t
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, November 26. The company’s aluminium ingot price has come in at INR 238,250 per tonne, up by INR 4,000 per tonne or 1.71 per cent from INR 234,250 per tonne. Hindalco’s aluminium wire rod price has also seen an increase of INR 4,000 per tonne from INR 245,350 per tonne on November 24 to INR 249,350 per tonne on November 26. Hindalco’s aluminium billets price is standing at INR 248,850 per tonne, INR 4,000 per tonne higher than INR 244,850 per tonne on November 24. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which recorded an increase of...
Registration Live for AlCircle Expo 2022: Get ready to attend Futuristic Virtual Exhibition of Global Aluminium Industry
We are gearing up to welcome you all to our third AlCircle Expo on February 15-16, 2022, and we are delighted to announce that Registration is Live Now! You can register at https://live.alcircleevents.com/event_registration/23911244/121 , and to know more information, you may visit www.alcircleevents.com. While the life around us has been changing since the onset of the COVID-19 pandemic, what has remained constant is our commitment to providing digital space to explore new business opportunities in the global aluminium industry. With the same desire, we are yet again coming up with our virtual expo, where we welcome industry leaders and partners from the entire value chain of the market. We assure you to experience more advanced technical support and enticing digital tools besides video...
