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.
China’s average alumina spot price resumes with a hike of RMB64/t to RMB3884/t; Prebaked anode price jumps to RMB5620/t
Primary aluminium input costs, right from alumina to aluminium fluoride, have resumed the market after a week-long National Day Holiday with steep growth across China on Friday, October 8, found the Shanghai Metals Market. According to SMM data, the average alumina spot price has increased by RMB 64 per tonne to stand at RMB 3,884 per tonne. In Shanxi and Shandong, alumina price has climbed by RMB 100 per tonne and RMB 75 per tonne to peg at RMB 3,900 per tonne and RMB 3,875 per tonne, respectively. In Henan, the price has grown by RMB 50 per tonne to come in at RMB 3,900 per tonne. Prebaked anode price in the east has jumped by RMB 390 per tonne to settle at RMB 5,620 per tonne on October 8, with average prices expected to range between RMB 5,040 per tonne and RMB 6,200 per tonne. In...
Hong Leong anticipates rosy earnings prospects for Press Metal Aluminium in FY2022-23, bullish LME price to contribute majorly
Hong Leong Investment Bank Bhd (HLIB) has shown confidence about Press Metal Aluminium Bhd’s earnings prospects in the next 12-18 months. The bank anticipates that the Malaysia aluminium extrusion manufacturer and traders’ earnings to be buoyed by the bullish LME aluminium benchmark price trend over the next one year or more. Also, the general recovery of the aluminium market post-pandemic across most countries is expected to contribute to Press Metal’s earnings. According to Hong Leong, the world at large is likely to enter into an aluminium deficit during FY2022-23, resulting in demand outstripping supply globally. This may ultimately lead to a drop in inventory in the LME, lifting aluminium spot prices. Press Metal’s Phase 3 Samalaju expansion project is also expected to be a vital...
Savannah’s 60-day aluminium to-go cup pilot programme achieves huge success
60-day aluminium to-go cup pilot programme by Savannah downtown has ended with great success, says participating restaurants. The programme, which started in August adding aluminium cups as an option to fill to-go cups for alcoholic beverages, has witnessed the use of around 50,000 cups. “We know that diverted 50,000 pieces of plastic out of the waste stream, out of our environment which is just a huge hit,” said Alderman Nick Palumbo. As the programme is a huge hit, restaurants are now looking for ways to continue the initiative for the long term. “We had a really nice success with this project,” said Carey Ferrara, director of sales and marketing of the Gaslight Group, which owns several restaurants in Savannah. There were certain downsides too in the programme related to costs. But...
Hindalco Industries increases aluminium ingot price back-to-back to INR250750/t
Hindalco Industries Limited further increased its aluminium ingot and aluminium products prices on the immediate next day, on October 6, 2021. That brought the company’s aluminium ingot price to INR 250,750 per tonne, up by INR 3,250 per tonne or 1.31 per cent from INR 247,500 per tonne on October 5. Hindalco’s aluminium wire rod price also witnessed a hike of INR 3,250 per tonne from INR 258,650 per tonne to INR 261,850 per tonne on October 6. Aluminium billets selling price is now settled at INR 257,850 per tonne, compared to INR 254,600 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which further grew on October 5 by US$5.50 per tonne to US$2,894.50...
Pune Metro’s first aluminium rake to arrive in the city next week
According to a recent report, the first rake of the Pune Metro, made in aluminium, is scheduled to reach the city in the coming week, if all the formalities are completed at the Mumbai port. The casting of two more trains is underway and the rakes are expected to arrive in Pune in the next few days. Since made in aluminium, these trains are lightweight and save more energy and require less maintenance. Every train will have three coaches. Each coach can accommodate 320 passengers and a single metro rake can accommodate 970 passengers. MahaMetro had placed an order of 34 rakes with Titagarh Firema, some of which will initially come from Italy while the rest will be cast at a Kolkata-based unit. Titagarh Firema is a wholly-owned Italian subsidiary of Titagarh Wagons. In August 2021,...
Coal India board nods to conduct pre-feasibility study for Greenfield Aluminium Project in Odisha
On Tuesday, October 5, Coal India Limited (CIL), an Indian government-owned coal mining and refining corporation, said that its pre-feasibility report for an integrated Greenfield aluminium project in Odisha received an approval from the board. So, the company will now start conducting a pre-feasibility study for the project, as part of the ambitious diversification project from public enterprise to other sectors. The Maharatna firm said in a filing to the BSE that the Greenfield aluminium project would include bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly-owned subsidiary Mahanadi Coalfields Ltd (MCL). In February, Coal India spoke about starting 26 projects in new business areas by investing INR 1.43 lakh crore. The new business...
Hydro to invest NOK60 million for aluminium foundry alloy production at Sunndal
On Monday, October 4, Hydro announced its decision to invest NOK60 million in a new casting furnace for the aluminium foundry alloy production at its largest and most modern primary aluminium plant in Sunndal. The company expects this investment to increase the production capacity of special alloys by 35,000 tonnes a year and improve the flexibility to switch between products, making the plant more robust in a cyclical market. The project will start immediately and is likely to be completed by Q1 2023. Plant Manager at Sunndal, Roar Ørsund, said: “We are pleased with this decision, which strengthens Hydro Sunndal's flexibility in the market and promotes greater consumption of low-carbon aluminum. A customer example we are pleased with is that aluminum from Sunndal will be used in Google's...
Alcoa inclines on new technologies, eyes renewable energy
Alcoa Corporation has announced its net-zero emissions plans, which it aims to achieve by 2050. The main intention is to increase the use of renewable energy at operations and bring new innovations to the market. The company said that it would cut 75 per cent of both direct and indirect emissions known as Scope 1 and Scope 2 from aluminium smelting and alumina refining. To reduce emissions in refining and smelting processes, Alcoa will be using its own technologies like the Elysis zero-carbon smelting process and mechanical vapour recompression (MVR). Elysis joint venture was formed with Rio Tinto to develop a breakthrough technology known as inert anode, which emits pure oxygen and eliminates greenhouse gas (GHG) emissions associated with the traditional process to make molten aluminium....
Hindalco’s aluminium ingot price sees an increase of INR3000/t over the weekend ending October 5
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices with effect from Tuesday, October 5, following a cut of over 1.5 per cent on Friday, October 1. Over the weekend, Hindalco’s aluminium ingot price has gained INR 3,000 per tonne to come in at INR 247,500 per tonne, in contrast to INR 244,500 per tonne. Hindalco’s aluminium wire rod price has also built up by INR 3,000 per tonne to stand at INR 258,600 per tonne. On October 1, the price stood at INR 255,600 per tonne, declining by INR 4,500 per tonne from the previous day. The company is currently selling its aluminium billets at INR 254,600 per tonne, compared to INR 251,600 per tonne in the previous week. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the...
US aluminium scrap exports to Malaysia edge M-o-M fall of 4.2% to 45,600 tonnes in July 2021
According to the US Geological Survey data for July 2021, the United States exported 45,600 tonnes of aluminium scrap to Malaysia. That was down by 2,000 tonnes or 4.20 per cent month-on-month from 47,600 tonnes. In May 2021, the exports to Malaysia stood at 42,000 tonnes, meaning the exports in June increased by 5,600 tonnes or 13.33 per cent from the previous month. On a year-on-year calculation, the United States aluminium scrap exports to Malaysia in July 2021 recorded a fall as well by 6.75 per cent from 48,900 tonnes. In the first seven months of 2021, the United States exported 282,000 tonnes of aluminium scrap to Malaysia, an increase of 31.78 per cent from 214,000 tonnes during the same period last year. Following Malaysia, India and South Korea were the next two leading...
Alcoa Corp. sets carbon neutral goal by 2050; Target to cut direct, indirect emissions from aluminium smelting and alumina refining
Alcoa Corporation, the United States' largest aluminium producer, no more lags behind in taking a pledge to curb greenhouse gas emissions and reduce environmental impact. Like many other companies, Alcoa has also reportedly set a goal to be carbon neutral, and the timeline is 2050. As per the report, Alcoa will cut 30 per cent of direct and indirect emissions known as Scope 1 and Scope 2 from aluminium smelting and alumina refining operations by 2025 and decrease 50 per cent by 2030 from 2015 levels. Alcoa’s primary intention is to increase the use of renewable energy and expand low-carbon assets. Alcoa’s Chief Executive Officer Roy Harvey said, “This new endeavor is an extension of our ongoing efforts to reach a decarbonization pathway. We have been recognized for our environmental...
Shanghai Aluminum Industry Association joins ASI as a new Associations Member
On Monday, October 4, the Aluminium Stewardship Initiative announced the joining of the Shanghai Aluminum Industry Association to ASI as a new Associations Member, which brought the total number of ASI members to 198. The foundation of the Shanghai Aluminum Industry Association dates back to 1989. Shanghai and Yangtze River Delta Economic Zone engaged in aluminum, aluminum products, aluminum smelting production enterprises and aluminum industry chain of equipment, trade, scientific research and other relevant enterprises and institutions voluntarily established this association. It is a cross-sector, trans-ownership and non-profit industry organization, with nearly 400 member companies at present. The Shanghai Aluminum Industry Association is known for being committed to the services...
Hindalco Industries cuts its aluminium billets price by over 1.5% to INR251,600/t w.e.f. October 1
Hindalco Industries Limited decreased its aluminium products prices with effect from Friday, October 1, a day after it increased the prices on September 30. The latest cut has brought the company’s aluminium billets price to INR 251,600 per tonne, down by INR 4,500 per tonne or 1.76 per cent from INR 256,100 per tonne on September 30. Hindalco’s aluminium wire rod price also declined by INR 4,500 per tonne to come in at INR 255,600 per tonne on October 1, in comparison with INR 260,100 per tonne on September 30. The company is currently selling its aluminium ingot at INR 244,500 per tonne in contrast to the selling price of INR 249,000 per tonne on September 30. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
German aluminium precision expertise alimex GmBH joins ASI as Production & Transformation member
The Aluminium Stewardship Initiative has announced the joining of alimex GmBH Precision to ASI as a Production & Transformation member. This brings the total number of ASI Members to 196. alimex, the inventor of the cast-plate, produces aluminium cast plates which surpass the highest market standards. They also produce aluminium components using German precision expertise. Together with customers, they plan and develop innovative solutions for the most important industries of the future. As a value creation partner for all industries, alimex considers itself to be a “sparring partner” for the best solutions relating to aluminium. Dr Philip Grothe, CEO of alimex, said: “As a globally active, independent family-owned company that has been providing its partners with precise Aluminum...
NALCO reduces its aluminium ingot price by INR1400/t w.e.f. Oct.1 in line with LME aluminium price fall W-o-W
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Friday, October 1, following an increase on September 25. NALCO has cut its aluminium ingot price by INR 1,400 per tonne to INR 244,950-248,450 per tonne on October 1. On September 25, the price stood at INR 246,350-249,850 per tonne, increasing by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a decrease of INR 1,400 per tonne with effect from October 1, which brought the price from INR 248,850–253,200 per tonne on September 25 to INR 247,450-251,800 per tonne. NALCO is now selling its aluminium billets at INR 248,400-251,050 per tonne, compared to INR 249,800 – 252,450 per tonne on October 25. NALCO links its...
Primary Aluminium Weekly Recap: China’s power shortage leading to aluminium production curb; Tom Dobbins resigns Aluminum Association as President and CEO
Right from Tom Dobbins’s resignation from the position as President and Chief Executive officer of the Aluminum Association to Hydro’s new Plant Manager appointment at Husnes smelter, the world primary aluminium sector has offered many important news this week. But the topmost of all is China’s power shortage leading to aluminium production curb. As per the report, China’s power distress is feasibly much bigger and savage than it is envisioned. China is the world’s biggest consumer of coal with over 56 per cent consuming capacity for producing energy to cater for the needs domestically. Fossil fuel is Chinese energy security’s most crucial part. The high absorption of thermal power in China signifies that any fall-off in coal supply dents its propensity to engender adequate electricity....
Slovakia’s only primary aluminium producer cuts output for electricity price surge; No update on layoffs
Slovalco, the only primary aluminium producer in Slovakia, is curbing production in reaction to the steep growth of electricity prices. Record price hikes of emission allowances and insufficient compensation from the states through the Environmental Fund are some of the other factors for the output cut. Slovalco, the majority of which is owned by global aluminium giant Norsk Hydro, produces 160,000 tonnes of aluminium annually in 226 furnaces, consuming 8 per cent of Slovakia’s total electricity consumption. Already, the company has idled 25 furnaces. “Without long-term foreseeable and fair conditions set by the Slovak government there are very hard times in front of us,” Ola Saeter, chair of the board of directors of Slovalco, told the Slovak Radio. “The worst scenario would be turning...
FYI Resources signs JV term sheet with Alcoa aspiring to create a market-leading High Purity Alumina Business
FYI Resources is eyeing to create a market-leading high purity alumina (HPA) business, and for that matter, has entered into a partnership with global alumina leader Alcoa. They have signed a joint venture term sheet to create an initial demonstration refinery and an 8,000 tonne-per-annum HPA production facility. As per the term sheet signed, Alcoa will bear the construction costs linked to the HPA refining project, of which 65 per cent will be owned Alcoa and the remaining 35 per cent by FYI Resources. The term sheet is expected to pave the way for a future joint venture agreement, whereby FYI and Alcoa will collaborate to produce high purity alumina for the global market. FYI Resources managing director Roland Hill said: "Coming to joint development terms on our HPA project is a...
