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.
LME aluminium price declines by US$7.5/t to close at US$2653.5/t; SHFE price grows for the fourth straight day to US$3002/t
Three-month LME aluminium rose 0.45 per cent to end at US$2,695 per tonne on overnight. On Monday, November 22, both LME aluminium cash (bid) price and LME official settlement price decreased by US$7.50 per tonne to stand at US$2,653 per tonne and US$2,653.50 per tonne, respectively. But 3-month bid price and 3-month offer price grew by US$10 per tonne and US$11 per tonne to close at US$2,653 per tonne and US$2,655 per tonne. December 22 bid price and December 22 offer price totalled at US$2,613 per tonne and US$2,618 per tonne. LME aluminium opening stock on November 22 decreased to 943125 tonnes. Live warrants increased to 577950 tonnes, while Cancelled Warrants declined to 365175 tonnes. LME aluminium 3-month Asian Reference Price amounted to US$2,665 per tonne, as of November 22. SHFE...
Hindalco’s aluminium wire rod and billets prices undergo a cut of INR2750/t with effect from November 19
Hindalco Industries Limited continued to reduce its aluminium products and aluminium ingot prices on Friday, November 19, in line with the LME aluminium benchmark price fall. Hindalco’s aluminium wire rod price came in at INR 237,600 per tonne on November 19 after being declined by INR 2,750 per tonne from INR 240,350 per tonne on November 17. Hindalco’s aluminium billets price also saw a decrease of INR 2,750 per tonne from INR 239,850 per tonne on November 17 to INR 237,100 per tonne on November 19. The company’s aluminium ingot price stood at INR 226,500 per tonne versus INR 229,250 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on November 18...
Alba’s Chairman Board of Directors visits Reduction Line 6 and its facilities along with CEO and Executive Management
According to a recent report, Aluminium Bahrain B.S.C. (Alba’s) Chairman Board of Directors Shaikh Daij bin Salman Bin Daij Al Khalifa visited the company’s Reduction Line 6, in line with his planned visit to Alba’s campus following the ease of COVID-19 restrictions. Alba Reduction Line 6 is about to celebrate 2 years of its official inauguration. Accompanied by Alba’s Chief Executive Officer Ali Al Baqali and the Executive Management, Chairman Shaikh Daij bin Salman Bin Daij Al Khalifa paid an up-close-and-personal tour to Reduction Line 6 and its facilities. On his visit, Chairman said “A game changer, Line 6 has made Alba the world’s largest aluminium smelter ex-China. The organic growth which the Company has embarked on with Line 6 in operations has seen Alba top new records in its...
Bauxite (4.5≤Al/Si＜5.5) price in Shanxi drops by RMB7.5/t to RMB492.5/t; But A00 aluminium ingot price jumps by RMB390/t
According to the Shanghai Metals market, bauxite (4.5≤Al/Si＜5.5) price in Shanxi has dropped by RMB 7.5 per tonne on Monday, November 22, to come in at RMB 492.50 per tonne. The average prices are likely to range between RMB 480-505 per tonne. The decline followed two consecutive days of restraint at RMB 500 per tonne on November 18 and 19. Bauxite (4.5≤Al/Si＜5.5) price in Henan has decreased by RMB 10 per tonne to RMB 500 per tonne, with average prices expected to range between RMB 490-510 per tonne, found SMM. Among other primary aluminium input costs, caustic soda (32% concentration) price in Shandong has recorded a decline of RMB 15 per tonne on November 22 to RMB 915 per tonne. According to SMM, the average prices are expected to range between RMB 880-950 per tonne. However, despite...
LME aluminium price surges by US$53.5/t to US$2661/t after three days of decline; SHFE price soars by US$78/t
LME aluminium opened at US$2,621 per tonne last Friday and ranged between US$2,619-2,697.50 per tonne before closing at US$2,683 per tonne, an increase of US$59 per tonne or 2.25 per cent. On Friday, November 19, LME aluminium cash (bid) price and LME official settlement price jumped by US$53.50 per tonne to settle at US$2,660.50 per tonne and US$2,661 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$48 per tonne to come in at US$2,643 per tonne and US$2,644 per tonne. December 22 bid price and December 22 offer price totalled at US$2,607 per tonne and US$2,612 per tonne. LME aluminium opening stock on November 19 stood at 948650 tonnes. Live warrants closed at 577750 tonnes, while cancelled warrants settled at 370900 tonnes. LME aluminium 3-month Asian...
NALCO’s aluminium ingot and products prices see a downfall of INR6300/t after two hikes in a row
After two consecutive hikes since November 11, National Aluminium Company Limited reduced its aluminium ingot and aluminium products prices with effect from Friday, November 19. The decrease could be attributed to the decline in LME aluminium benchmark price during November 16-18. NALCO’s aluminium ingot price came in at INR 224,050-227,550 per tonne, down by INR 6,300 per tonne from INR 230,350-233,850 on November 16. The latest cut brought the company’s aluminium wire rod price to INR 226,550-230,900 per tonne on November 19 versus INR 232,850-237,200 per tonne on the previous day. Aluminium billets price also saw a downfall of INR 6,300 per tonne on November 19 from INR 233,800-236,450 per tonne to INR 227,500-230,150 per tonne. NALCO links its aluminium ingot and aluminium products...
Hydro announces to invest in a new a state-of-the art aluminium recycling plant at Cassopolis, Michigan
Hydro has announced its decision to invest in building a new state-of-the art aluminium recycling plant at Cassapolis, Michigan, which will produce 120,000 tonnes of aluminum extrusion ingot per year. Construction will expectedly start in early 2022, and the operations of the plant to commence in 2023, appointing about 70 direct employees. “The Cassopolis greenfield development will mark the first large-scale production of Hydro CIRCAL® extrusion ingot in North America. We look forward to bringing this high-quality, low-carbon product to our most demanding customers,” said Eivind Kallevik, Executive Vice President of Hydro Aluminium Metal. The project is estimated to involve an investment of $140 million, depending on final facility design, market conditions, and macroeconomic...
Alumina spot price in China continues to decline for the fourth straight day to RMB3691/t; A00 aluminium ingot price hikes by RMB190/t
The average alumina spot price in China has continued to decrease for the fourth day in a row, found the Shanghai Metals Market. According to SMM data, alumina price has further slipped by RMB 10 per tonne on Friday, November 19, to settle at RMB 3,691 per tonne. In Shanxi and Guangxi, alumina price has shrunk by RMB 25 per tonne to come in at RMB 3,700 per tonne and RMB 3,550 per tonne, respectively, while the price in Shandong, Henan, and Guizhou has remained restrained at RMB 3,650 per tonne, RMB 3,725 per tonne and RMB 3,590 per tonne, learned SMM. The Australian alumina FOB price has dipped by US$2 per tonne to stand at US$398 per tonne on November 19. However, on the other hand, China’s A00 aluminium ingot price has put an end to the four consecutive days of decline. On Friday,...
US aluminium scrap exports to Malaysia reflect an increase of 25% M-o-M to 56,900 tonnes in August 2021
The United States exported 56,900 tonnes of aluminium scrap to Malaysia in August 2021, which reflected an increase of 11,300 tonnes or 24.79 per cent month-on-month, found the US Census Bureau data. In July 2021, the United States aluminium scrap exports to Malaysia stood at 45,600 tonnes, down by 2,000 tonnes or 4.2 per cent from 47,600 tonnes in June. On a year-on-year calculation, the US aluminium scrap exports to Malaysia stood 37.77 per cent higher than 41,300 tonnes. From January to August, the United States scrap exports to Malaysia amounted to 338,000 tonnes, 32.55 per cent or 83,000 tonnes more than 255,000 tonnes during the same period last year. The United States total aluminium scrap exports in August 2021 stood at 188,000 tonnes, up 18,000 tonnes or 10.59 per cent from...
China’s primary aluminium inventories gain 31000 tonnes week-on-week to 1.038 million tonnes on November 18
China’s social inventories of primary aluminium have built up by 31,000 tonnes this week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories have amounted to 1.038 million tonnes on November 18, compared to 1.007 million tonnes last week, November 11. The chart below indicates the current status of primary aluminium inventories across China in more detail: Among the major Chinese cities, Wuxi has seen the highest rise of 24,000 tonnes in primary aluminium inventories to 406,000 tonnes on November 18, learned SMM. Gongyi has witnessed an increase of 13,000 tonnes to 91,000 tonnes, while inventories in Shanghai and Hangzhou have gained 4,000 tonnes and 1,000 tonnes week-on-week to 101,000 tonnes and 88,000 tonnes,...
Hindalco’s aluminium ingot selling price shrinks by INR3750/t with effect from November 17
After three hikes since November 11, Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices with effect from Wednesday, November 17. The company’s aluminium ingot price has come in at INR 229,250 per tonne, down by INR 3,750 per tonne or 1.61 per cent from INR 233,000 per tonne on November 13. Hindalco’s aluminium wire rod price has also been reduced by INR 3,750 per tonne on November 17, bringing the price to INR 240,350 per tonne from INR 244,100 per tonne on the previous day. Aluminium billets price is being sold at INR 239,850 per tonne with effect from November 17, compared to INR 243,600 per tonne on November 13. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London...
Alumina spot price in China falls for the third consecutive day by RMB11/t; A00 aluminium ingot price shrinks to RMB18340/t
The average alumina spot price in China has continued to decline for the third day in a row, albeit lower than the previous day, found the Shanghai Metals Market. As per SMM data, the price has decreased by RMB 11 per tonne to stand at RMB 3,701 per tonne on Thursday, November 18. In Guangxi and Guizhou, alumina price has plummeted by RMB 75 per tonne and RMB 70 per tonne to come in at RMB 3,575 per tonne and RMB 3,590 per tonne, while the price in other major Chinese cities has remained restrained. Also, the imported alumina price has recorded no change from US$400 per tonne on November 18. A00 aluminium ingot price has also extended the downfall for the fourth straight day. According to SMM, the price has shrunk by RMB 130 per tonne to settle at RMB 18,340 per tonne on November 18. The...
Novelis to assist Atlanta Hawks and State Farm Arena for organising, sorting and recycling aluminium
On National Recycling Day on Monday, November 15, the Atlanta Hawks and State Farm Arena announced a multi-year partnership with Novelis, the world leader in aluminum rolling and recycling. The partnership has made Novelis an official aluminum recycling and proud sustainability partner on State Farm Arena’s journey to becoming a TRUE zero-waste venue. TRUE stands for Total Resource Use and Efficiency, a standard set by Green Business Certification Inc. (GBCI), the world’s leading sustainability and health certification and credentialing body. Under the partnership, Novelis will assist Atlanta Hawks and State Farm Arena with knowledge and guidance on how to organise, sort, and recycle aluminium, while focusing on sustainability and circular economy. Now the State Farm Arena’s most premium...
European foil shipments climb up 1.2% Y-o-Y to 236,500 tonnes in Q3 2021: EAFA
Aluminium foil deliveries from Europe slowed down in Q3 2021 compared to Q2, but remained ahead of the same period last year, according to data revealed by the European Aluminium Foil Association (EAFA). In Q3 2021, total deliveries stood at 236,500 tonnes, up 1.2 per cent year-on-year. In the first nine months of the year, shipments totalled 723,000 tonnes, up 2.7 per cent from 706,500 tonnes during the corresponding period last year, driven by continued increase in domestic consumption but offset by export volume decline. Demand for aluminium foil in the domestic market recovered strongly at 7 per cent. Deliveries of thinner gauges, used mainly for flexible packaging and household foils, grew 6 per cent Y-o-Y in Q3, and thicker gauges, used for semi-rigid containers, technical or other...
Noranda Bauxite proclaims to be a pillar of the Jamaican economy; it sees continued benefits for Jamaicans
Noranda Bauxite Company will continue to remain a pillar of the Jamaican economy despite all the criticisms over environmental issues alleged with it, said the firm’s chief executive officer. Mark Hansen, Concord CEO, said Noranda Bauxite spent US$85 million on operational items, an ideal time for the company to build on such a foundation, even hinting that with partnership and cooperation from all stakeholders far more positive were in store. Hansen also said that he remained optimistic that the operations of Noranda Bauxite would be a win-win for all. Noranda is a joint-venture held by the Jamaica Government through Jamaica Bauxite Mining Ltd (51 per cent) and Concord Resources (49 per). Hansen said, “The mining industry has brought several thousands of well-paying jobs to Jamaica. Even...
US aluminium producers warn billet output cut due to magnesium and silicon supply shortage
According to the report shared by the Shanghai Metals Market, energy supply constraints due to soaring prices have pushed the United States' aluminium prices to record highs and also led to the shortages of key raw materials such as magnesium and silicon, exacerbating the tight supply situation of aluminium. Matalco Inc., the largest aluminium billet producer in the United States, has already warned customers that it might cut production and make limited deliveries as early as next year because of a magnesium shortage, reported Bloomberg. Alcoa Corporation, the largest primary aluminium producer in the US, has also expressed concern about the magnesium shortage, and some suppliers have issued so-called force majeure statements. Force majeure clauses are attached to sales contracts,...
China’s alumina spot price shrinks to RMB3712/t; Bauxite price in Henan slips by RMB12.50/t after a month-long restraint
The average alumina spot price in China has decreased for the second day in a row on Wednesday, November 17, found the Shanghai Metals Market. Data shows the price has slipped by RMB 54 per tonne to come in at RMB 3,712 per tonne. In Shandong, alumina spot price has plunged by RMB 125 per tonne to stand at RMB 3,650 per tonne, with average prices likely to range between RMB 3,600 per tonne and RMB 3,700 per tonne. In Henan and Guizhou, alumina price has decreased by RMB 75 per tonne and RMB 70 per tonne, respectively, to come in at RMB 3,725 per tonne and RMB 3,660 per tonne. In Guangxi and Shanxi, alumina price has witnessed a decline of RMB 50 per tonne and RMB 25 per tonne to peg at RMB 3,650 per tonne and RMB 3,725 per tonne. After remaining restrained for almost a month, bauxite...
NALCO hikes its aluminium ingot price by INR10500/t or 4.7% with effect from November 16
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium product prices for the second time in a row, with effect from Tuesday, November 16. The company’s aluminium ingot price has come in at INR 230,350-233,850 per tonne after being sharply increased by INR 10,500 per tonne from INR 219,850-223,350 per tonne on November 11. The latest increase has brought the company’s aluminium wire rod price to INR 232,850-237,200 per tonne, also up by INR 10,500 per tonne from INR 222,350-226,700 per tonne. Aluminium billets price is hovering around INR 233,800-236,450 per tonne versus INR 223,300-225,950 per tonne on November 11. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
