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.
Hydro appoints Jon Ola Ystgaard as new Plant Manager for Husnes Aluminium Smelter
Hydro Aluminium Smelter in Husnes has appointed Jon Ola Ystgaard as a new Plant Manager, who will be reporting to Head of Primary Production in Hydro Aluminium Metal Ola Saeter. Mr Ystgaard, who will be joining Hydro Husnes on October 11, comes with vast years of experience in the aluminium industry, starting at Elkem Aluminum Mosjøen in 2000, where he worked as an electrolysis process engineer. He then moved to Elkem Aluminum to work on projects. In 2006, Jon Ola Ystgaard took over the position of Technical Manager at Elkem Aluminum, and after a year (2007), became Electrolysis Manager. He graduated in 1999 as a metallurgist from NTNU. Since 2014, Jon Ola has been associated with Aludyne Norge AS, an aluminium car parts manufacturer based in Farsund, as the General Manager. The former...
Sluggish downstream restocking leads to a marginal rise in China’s aluminium billet inventories this week; Future recovery looks prominent
According to the Shanghai Metals Market, aluminium billet inventories have grown marginally by 500 tonnes week-on-week across five major consumption areas to stand at 157,500 tonnes as of Thursday, September 30. Among all the major Chinese cities, Nanhai has contributed maximum to the growth in inventories this week, found SMM. The downstream restocking was sluggish amid high aluminium prices and power rationing, resulting in slow inventory rise. However, post-holiday, the recovery is expected to be worthy of attention. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Nanchang, aluminium billet inventories have climbed by 2,000 tonnes to stand at 20,500 tonnes on September 30, while the stocks in Foshan and Changzhou have inched...
Lindian Resources adds 8 new prospective tenements to its African bauxite portfolio anticipating robust aluminium market
Lindian Resources Limited concluded the fiscal year 2021 on a good note, with eight new highly prospective tenements added to its existing portfolio in the West African bauxite hotspot in Guinea. According to the report, Lindian secured the tenements through the Lushoto and Pare bauxite projects in Eastern Tanzania’s Mozambique Belt. This puts Lindian Resources in a strong position as it believes that there will be a sustainable need of bauxite supply in the future to feed the burgeoning aluminium demand. According to Lindian, the usage of aluminium will grow significantly in wind and solar power, carbon storage, electric vessels, electric motors, and energy storage markets. The company also believes that aluminium being a lightweight, recyclable metal will play a key role in...
Hindalco’s aluminium wire rod price amounts to INR260,100/t; sees a rise of INR3500/t on September 30
After two consecutive declines on September 25 and 28, Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices with effect from Thursday, September 30. Hindalco’s aluminium wire rod price has come in at INR 260,100 per tonne, up by INR 3,500 per tonne from INR 256,600 per tonne. Hindalco’s aluminium billets price has also seen an increase of INR 3,500 per tonne on September 30 to stand at INR 256,100 per tonne. On September 28, the price stood at INR 252,600 per tonne after declining by INR 1,500 per tonne from the previous day. Aluminium ingot price has also been grown by INR 3,500 per tonne from INR 245,500 per tonne to INR 249,000 per tonne Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures...
A00 aluminium ingot price shrinks by RMB190/t to close at RMB22630/t; Aluminium alloy (A356) price settles lower at RMB26750/t
According to the Shanghai Metals Market, A00 aluminium ingot price has shrunk by RMB 190 per tonne to come in at RMB 22,630 per tonne on Thursday, September 30, following a sharp rise of RMB 330 per tonne on the previous day to RMB 22,820 per tonne. The average prices are expected to range between RMB 22,610 per tonne and RMB 22,650 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne, down by RMB 40 per tonne from the previous day. In Tinajin and Linyi, primary aluminium ingot price has plunged by RMB 200 per tonne to stand at RMB 22,620 per tonne and RMB 22,580 per tonne, respectively, followed by the decrease of RMB 190 per tonne in Foshan and Gongyi to RMB 22,660 per tonne and RMB 22,470 per tonne. In Hangzhou and Wuxi, A00 aluminium ingot price has...
Tom Dobbins to serve Aluminium Association only till October-end 2021; President, CEO resigns
Tom Dobbins is stepping down from his position as President and Chief Executive officer of the Aluminum Association, Arlington, Virginia, at the end of October 2021. The news came on Tuesday, September 28, after the Aluminum Association announced it officially, adding that the board of directors thanked Dobbins for his service to the association and the aluminum industry. Tom Dobbins has served the association as President and CEO for over a year since March 2020. On receiving the resignation from Tom Dobbins, Aluminum Association has started looking for a new president and CEO. But until the position is filled, several other executives within the association will serve on the association’s interim leadership team. The team includes Joe Quinn, vice president of external affairs at the...
Alumina production in Europe grows for the second month in a row by 2.12% to 914,000 tonnes in Aug’21
According to the International Aluminium Institute, alumina production in Europe, including Russia, continued to grow for the second month in a row in August 2021. IAI data showed the output increased by 19,000 tonnes or 2.12 per cent in the said month to come in at 914,000 tonnes compared to 895,000 tonnes in July 2021. In June 2021, alumina production in Europe, including Russia, stood at 848,000 tonnes, meaning the output in July recorded a hike of 47,000 tonnes or 5.54 per cent month-on-month. On a year-on-year calculation, Europe’s alumina production in August stood 32,000 tonnes or 3.63 per cent higher than 882,000 tonnes. From January to August 2021, alumina production in Europe totalled 6.964 million tonnes, which reflected an increase of 2.32 per cent from 6.806 million tonnes...
NALCO’s aluminium ingot price sees a rise of INR3500/t with effect from September 25
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne, up by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a rise of INR 3,500 per tonne with effect from September 25 to stand at INR 248,850–253,200 per tonne. Until this hike, NALCO’s aluminium wire rod price hovered around INR 245,350- 249,700 per tonne, which was down by INR 3,000 per tonne from the previous price. NALCO is currently selling its aluminium billets at INR 249,800 – 252,450 per tonne, compared to INR 246,300-248,950 per tonne...
AMAG Austria Metall AG extends contract with Chief Sales Officer Victor Breguncci for four years
On Tuesday, September 28, the supervisory board of AMAG Austria Metall AG, a supplier of premium aluminium cast and rolled products, announced that they extended the contract with their Chief Sales Officer (CSO) Victor Breguncci. The extension of contract will allow Mr Breguncci to head AMAG's sales agenda for another four years. Together with sales team, he will concentrate on the strategic development of existing and new markets and on optimizing the product portfolio in the market for high-quality aluminium products. Victor Breguncci joined Amag on June 3, 2019. He came with vast years of experience in management positions at major aluminium companies such as Vale, Companhia Brasileira de Aluminio and Constellium. For over two years now, Mr Breguncci is part of the AMAG Executive Board...
Average alumina spot price in China continues to grow by RMB76/t to stand above RMB3800/t; A00 aluminium ingot price climbs by RMB330/t
According to the Shanghai Metals Market, the average alumina spot price has continued to grow for the third consecutive day to stand above RMB 3,800 per tonne. SMM data shows the price has built up by RMB 76 per tonne to come in at RMB 3,820 per tonne on Wednesday, September 29. The average alumina price in Guizhou has skyrocketed by RMB 275 per tonne to close at RMB 3,850 per tonne, followed by the hike of RMB 125 per tonne in Guangxi to peg at RMB 3,700 per tonne. In Shandong and Shanxi, alumina price has increased by RMB 50 per tonne to stand at RMB 3,800 per tonne, while the price in Henan is hovering around RMB 3,850 per tonne by also gaining RMB 50 per tonne. Australian alumina FOB price, on the other hand, has remained restrained after a leap of US$57 per tonne to US$457 per tonne...
China’s aluminium foil exports record a 19% rise in August 2021 to 115,400 tonnes
According to China customs data, aluminium foil exports into China during August 2021 stood at 115,400 million tonnes, which reflected a month-on-month increase of 19.28 per cent and a year-on-year rise of 14.08 per cent. Top six importers of China’s aluminium foil include the United Arab Emirates, Mexico, India, Japan, Indonesia, and South Korea, each accounting for over 5 per cent of the total. Thailand, being the largest importer, accounted for 10.86 per cent of China’s total aluminium foil exports by sourcing 12,500 tonnes in August. To the European Union, China exported 9,000 tonnes of the product in the said month, which accounted for 7.77 per cent of the total exports. India imported only 6,600 tonnes, accounting for 5.7 per cent of China’s exports. The European Union originally...
World alumina production dips by 1% to 11.565 million tonnes in August 2021; daily average output stands at 373,100 tonnes
According to the International Aluminium Institute (IAI) data, world alumina production continued to fall in August 2021 to stand at 11.565 million tonnes, including 10.845 million tonnes of metallurgical grade alumina. That was a decrease of 0.89 per cent compared to a drop of 0.66 per cent last month. In July, the output declined from 11.746 million tonnes in June to 11.669 million tonnes. On a year-on-year calculation, world alumina production in August 2021 grew by 1.53 per cent from 11.382 million tonnes, showed IAI data. During January-August 2021, world alumina production totalled 92.627 million tonnes, up by 5.56 per cent from 87.752 million tonnes a year earlier. The daily average alumina production in August stood at 373,100 tonnes, down by 0.88 per cent from 376,400 tonnes in...
Hindalco’s aluminium wire rod and billets prices stand at INR1500/t lower on Sept. 28, reflects LME aluminium price fall
Hindalco Industries Limited has further lowered its aluminium products and aluminium ingot prices on Tuesday, September 28, in line with back-to-back LME aluminium price fall. With effect from September 28, Hindalco has reduced its aluminium wire rod price by INR 1,500 per tonne to INR 256,600 per tonne. On Saturday, September 25, the company’s aluminium wire rod price stood at INR 258,100 per tonne, down by INR 2,500 per tonne from the previous day. In the latest round of price cut, Hindalco’s aluminium billets price also witnessed a slash of INR 1,500 per tonne to INR 252,600 per tonne. On September 25, the price stood at INR 254,100 per tonne compared to INR 256,600 per tonne on September 24. Hindalco has also cut it aluminium ingot price by INR 1,500 per tonne on September 28 from INR...
China to release 70,000 tonnes of aluminium from state reserves in the next round of auction
The National Food and Strategic Reserves Administration said on Monday, September 27, that China would put another 150,000 tonnes of industrial metals on auction. China is continuing to release inventories from state reserves to lower metal prices. The next auction, which marks the fourth round this year, is scheduled on October 9, 2021. As per the Nasdaq report, the Chinese administration will sell 70,000 tonnes of aluminium, 30,000 tonnes of copper, and the rest 50,000 tonnes of zinc on online platforms operated by Norinco and China Minmetals Corp. The last auction was held on September 1, wherein the administration also released 150,000 tonnes of metals. The upcoming auction will bring the total amount of metal released in 2021 to 570,000 tonnes. Prior to this, the country had not sold...
A00 aluminium ingot price plummets by RMB440/t to close at RMB22490/t; Alumina price gains RMB11/t to RMB3744/t
On Tuesday, September 28, A00 aluminium ingot price has plummeted by RMMB 440 per tonne to stand at RMB 22,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,470 per tonne and RMB 22,510 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Shenyang, primary aluminium ingot price has nosedived by RMB 505 per tonne to come in at RMB 22,420 per tonne, while the price in Chongqing has plunged by RMB 490 per tonne to peg at RMB 22,440 per tonne. In Foshan and Tianjin, aluminium price has decreased by RMB 450 per tonne to RMB 22,500 per tonne and RMB 22,480 per tonne and that in Wuxi and Hangzhou has shrunk by RMB 445 per tonne to stand at RMB 22,485 per tonne and RMB 22,490 per tonne, respectively....
APMDC officials visiting London to present arguments at court over bauxite supply agreement cancellation
According to the latest update, a team of Andhra Pradesh Mineral Development Corporation (APMDC) officials has started their journey to London for attending the upcoming hearing of a case scheduled on September 27 concerning the international arbitration raised by Ras-Al-Khaimah Investment Authority (RAKIA) over the cancellation of a bauxite supply agreement between the APMDC and ANRAK Aluminium Ltd. Rakia and Penne Group had jointly developed an alumina refinery near Makavarapalem in Visakhapatnam agency based on a MoU signed with APMDC to get bauxite from agency area. Later, as bauxite mining got banned in the agency, RAKIA filed an international arbitration seeking compensation. According to the report, the officials are likely to inform the court that APMDC is ready to allow...
India’s aluminium scrap imports from US increase 6,000 tonnes M-o-M to 34,100 tonnes in July 2021
According to the latest data shown by the US Census Bureau, India’s aluminium scrap imports from the United States in July 2021 stood at 34,100 tonnes, which reflected an increase of 6,000 tonnes or 21.35 per cent month-on-month. In June 2021, India imported 28,100 tonnes of aluminium scrap from the US, down by 5.07 per cent from 29,600 tonnes in May. On a year-on-year calculation, India’s aluminium scrap imports from the US in July 2021 stood 57.14 per cent higher than 21,700 tonnes. In the first seven months of the year, total imports amounted to 203,000 tonnes, up by 40 per cent from 145,000 tonnes during the same period last year. The United States total aluminium scrap exports in July 2021 came in at 170,000 tonnes – 13,000 tonnes or 8.28 per cent more than 157,000 tonnes in June...
Primary aluminium production in North America falls 5.41% M-o-M to 315,000 tonnes in Aug'21; Output in South America grows 3%
According to the International Aluminium Institute, primary aluminium production in North America stood at 315,000 tonnes in August 2021, which was down by 18,000 tonnes or 5.41 per cent from 333,000 tonnes in July. In June 2021, primary aluminium output in North America stood at 328,000 tonnes, meaning the production in July increased by 5,000 tonnes or 1.52 per cent month-on-month. On a year-on-year calculation, North America’s aluminium production in August decreased by 16,000 tonnes or 4.83 per cent from 331,000 tonnes. In the first eight months of 2021, primary aluminium production in North America stood at 2.323 million tonnes, down by 12.64 per cent from 2.659 million tonnes during the same period last year. Primary aluminium production in South America stood at 101,000 tonnes in...
