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.
Average alumina spot price in China opens the week higher at RMB3733/t; Aluminium fluoride price soars by RMB400/t
The average alumina spot price in China has opened the week on Monday, September 27, soaring by RMB 126 per tonne to come in at RMB 3,733 per tonne, found the Shanghai Metals Market. The continued raw materials supply disruptions from Guinea as well as domestic alumina production cut as refineries shut operations have resulted in this steep rise. In Henan, the price has skyrocketed by RMB 155 per tonne to RMB 3,800 per tonne, while the price in Shandong and Shanxi has surged by RMB 125 per tonne and RMB 105 per tonne, respectively, to stand at RMB 3,750 per tonne, according to SMM. Australian alumina FOB price, on the other hand, has slipped by US$92 per tonne to come in at US$400 per tonne on September 27. Among other primary aluminium input costs, aluminium fluoride price has increased...
Crown Holdings’ new Southwestern United States aluminium beverage can facility to come online in 2Q2023 at Mesquite, Nevada
On Friday, September 24, Crown Holdings Inc. said that it selected a location in Mesquite, Nevada, for its upcoming Southwestern United States aluminium beverage can manufacturing facility. Located in the Mesquite Technology and Commerce Center, the facility will supply standard and speciality beverage cans to the customers serving a variety of categories like carbonated soft drinks, sparkling water, energy drinks, hard seltzers, beer and ready-to-drink cocktails. Crown Holdings expects this facility to support the growth of new beverage introductions in aluminium cans besides improving the company’s ability to serve existing customers in the Western United States. According to Timothy J. Donahue, President and Chief Executive Officer, "This investment, underpinned by long-term customer...
Downstream Aluminium Weekly Recap: Aluminium alloy price soared by RMB1000/t and above for two days in a row; US announced anti-dumping duties on aluminium foil from Armenia
One of the most prominent incidents we have witnessed in the downstream aluminium sector this week is the aluminium alloy price soar in China. On two consecutive days this week, aluminium alloy (A356) price saw a steep growth of RMB 1000 per tonne and more. After resuming from the Mid-Autumn Festival holiday on September 22, China’s aluminium alloy (A356) price surged by RMB 1,000 per tonne to stand at RMB 26,050 per tonne. On September 23, the price increased higher by RMB 1,250 per tonne to come in at RMB 27,300 per tonne. To know more: https://www.alcircle.com/news/a00-aluminium-ingot-price-increases-by-rmb500-t-aluminium-alloy-a356-price-escalates-by-rmb1250-t-to-exceed-rmb27000-t-70443 Another important event that grabbed our attention this week was the imposition of definitive...
Primary aluminium inventories in China rise 23,000 tonnes week-on-week to 789,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium rose 23,000 tonnes on the week across eight major consumption areas, including SHFE warrants. SMM data showed the inventories as of Thursday, September 23, came in at 789,000 tonnes. The increase was mostly contributed by Wuxi, Nanhai, and Gongyi. Last week, on September 16, primary aluminium inventories stood at 766,000 tonnes by gaining 15,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Nanhai and Wuxi, primary aluminium inventories rose 11,000 tonnes and 10,000 tonnes to come in at 237,000 tonnes and 247,000 tonnes, respectively. Inventories in Gongyi increased 5,000 tonnes to peg at 71,000 tonnes as of...
United States primary aluminium production grows 1000 tonnes M-o-M to 73,000 tonnes in July 2021
Domestic primary aluminium production in the United States in July 2021 stood at 73,000 tonnes, reflecting a month-on-month increase of only 1,000 tonnes but a year-on-year downfall of 9,000 tonnes from 82,000 tonnes, showed the US Census Bureau. The average daily production in July 2021 was 2,350 tonnes, marginally less than 2,390 tonnes in June 2021. On a year-on-year basis, it plunged by 300 tonnes or 11.32 per cent from 2,650 tonnes. Total aluminium recovered from scrap in July 2021 was 268,000 tonnes, 1,000 tonnes less than 269,000 tonnes in June 2021 but unchanged from July 2020. Of this, 141,000 tonnes of aluminium was recovered from new scrap and 127,000 tonnes recovered from old scrap. In July 2021, the average US spot price of primary aluminium ingot was $1.44 per pound, 4.35...
Aluminium billet inventories in China continue to grow by 8,200 tonnes to stand at 157,000 tonnes this week
Aluminium billet inventories in China grew further this week ended September 23, 2021, to stand at 157,000 tonnes. According to the Shanghai Metals Market, inventories rose by 8,200 tonnes over the week across the five major Chinese consumption areas. Huzhou and Changzhou were the leading contributors to the growth caused by sluggish demand amid Mid-Autumn Festival Holiday. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Huzhou and Changzhou, aluminium billet inventories grew by 4,000 tonnes and 2,900 tonnes to come in at 15,000 tonnes and 15,900 tonnes, respectively. Inventories in Nanchang gained 1,500 tonnes over the week to settle at 18,500 tonnes, found SMM. In Wuxi and Foshan, on the other hand, aluminium billet...
Hindalco back-to-back grows its aluminium ingot price by INR3750/t with effect from September 24
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row by INR 3,750 per tonne on Friday, September 24. The latest hike has brought the company’s aluminium ingot price at INR 249,500 per tonne, up by INR 3,750 per tonne or 1.53 per cent from INR 245,750 per tonne on September 23. Hindalco’s aluminium wire rod price has come in at INR 260,600 per tonne with effect from September 24, also an increase of INR 3,750 per tonne. On Thursday, September 23, Hindalco’s aluminium wire rod price stood at INR 256,850 per tonne after increasing by INR 2,500 per tonne from the previous day. Hindalco is currently selling its aluminium billets at INR 256,600 per tonne in comparison with INR 252,850 per tonne on September 23. Hindalco...
Ball Corporation announces to build a new aluminium beverage can packaging plant in Las Vegas
On Thursday, September 23, Ball Corporation announced its plan to build a new aluminium beverage packaging plant in North Las Vegas, Nevada, US. The plant will have multiple lines and will expectedly begin production in late 2022. Ball expects the plant, when fully operational, will create nearly 180 manufacturing jobs. Ball also said that it would invest nearly $290 million in the new plant over multiple years. The plant will supply a range of innovative can sizes, which will be infinitely recyclable and economically valuable, to a variety of beverage customers, ensuring truly circular economy. Kathleen Pitre, president, Ball beverage packaging North & Central America, said: "Our new North Las Vegas plant is Ball's latest investment to serve accelerating demand for our portfolio of...
A00 aluminium ingot price nosedives by RMB400/t to stand at RMB22920/t; Aluminium alloy(A356) price closes lower at RMB26900/t
A00 aluminium ingot price has nosedived by RMB 400 per tonne on Friday, September 24, after hiking by RMB 500 per tonne on the previous day. According to the Shanghai Metals Market, the price has thus come in at RMB 22,920 per tonne, with average prices expected to range between RMB 22,900 per tonne and RMB 22,940 per tonne. The spot contract is likely to be traded at a premium price of RMB 20-20 per tonne. In Wuxi and Hangzhou, A00 aluminium ingot price has plunged by RMB 405 per tonne to stand at RMB 22,920 per tonne and RMB 22,925 per tonne, respectively, while the price in Foshan has decreased by RMB 400 per tonne to peg at RMB 22,950 per tonne, found SMM. Primary aluminium ingot price in Shenyang is also standing at RMB 22,925 per tonne but by losing RMB 375 per tonne. In Gongyi and...
Hindalco’s aluminium ingot price grows by INR1250/t on September 22 after declining on the previous day
Soon after a day of decline, Hindalco’s aluminium ingot and aluminium products prices have seen a rise with effect from Wednesday, September 22. Hindalco Industries Limited has increased its aluminium ingot price by INR 1,250 per tonne or 0.52 per cent to INR 243,250 per tonne on September 22. On Tuesday, September 21, the price stood at INR 242,000 per tonne, down by INR 5,000 per tonne from the previous day. Hindalco’s aluminium wire rod price has also been grown by INR 1,250 per tonne from INR 253,100 per tonne on September 21 to INR 254,350 per tonne on September 22. With effect from today, Hindalco is selling its aluminium billets at INR 250,350 per tonne in comparison with INR 249,100 per tonne on September 21. Hindalco Industries Limited links its aluminium ingot and aluminium...
Primary aluminium production in Africa grows for the second straight month by 1.48% to 137,000 tonnes in August 2021
Primary aluminium production in Africa stood at 137,000 tonnes in August 2021, which reflected an increase of 2,000 tonnes or 1.48 per cent for the second month in a row from 135,000 tonnes in July, according to the International Aluminium Institute. In June 2021, Africa produced 130,000 tonnes of primary aluminium, meaning the output in July registered a hike of 5,000 tonnes or 3.85 per cent month-on-month. On a year-on-year calculation, Africa’s primary aluminium production also stood 2,000 tonnes higher at 137,000 tonnes, found IAI. In the first eight months of 2021, Africa’s primary aluminium production totalled 1.053 million tonnes, down by 1.96 per cent from 1.074 million tonnes during the same period last year. World’s primary aluminium production in August 2021 came in at 5.699...
Rusal assists Svobodny Sokol in making aluminium cast pipes
Rusal, a leading global aluminium producer, is mastering the production of aluminium cast pipes together with Lipetsk Pipe Company Svobodny Sokol. The quality of pipes is comparable to products made from conventional materials. The casting technology which Rusal uses makes it possible to produce pipes of up to 1 metre diameter and a length of up to 6 metres for the needs of housing and utility services, oil and gas production, as well as fire extinguishing. In the near future, Rusal plans to test its new high-strength alloy for housing and utility services, which will expectedly provide the same mechanical strength characteristics as steel and cast-iron pipes. The weight of aluminium pipes is three times lesser than cast iron analogues, owing to which, they are easy and cost-effective to...
Aluminium alloy(A356) price soars by RMB1000/t to exceed RMB26000/t; A00 aluminium ingot price climbs by RMB80/t
According to the Shanghai Metals Market, Aluminium alloy (A356) price has resumed after the Mid-Autumn Festivals holiday with a surge of RMB 1,000 per tonne to exceed RMB 26,000 per tonne on September 22. As per the data, the price is standing at a new high of RMB 26,050 per tonne, with average prices likely to range between RMB 26,000-26,100 per tonne. On the other hand, aluminium alloys (ADC12) price and aluminium alloy (A380) price have remained restrained at RMB 23,650 per tonne and RMB 24,850 per tonne, respectively. A00 aluminium ingot price has also recorded an increase after the 4-day holiday. According to SMM, primary aluminium ingot price has climbed by RMB 80 per tonne to come in at RMB 22,820 per tonne. The average prices are expected to range between RMB 22,800 per tonne and...
Rusal to set bauxite shipments resumption terms after the completion of probe into train collision
Russian aluminium giant Rusal will reportedly spell out terms for the restart of bauxite shipments in Guinea after the completion of the probe into a collision of two freight trains and the restoration of railroad tracks. The news came after a spokesperson reported this to TASS. The official said the probe has already been started, with company’s representatives providing necessary assistance to the relevant agencies in Guinea. According to TASS report, the official said: "At present a probe has been launched into the incident, the company’s representatives are providing all necessary assistance to the relevant agencies in Guinea. The terms of resumption of shipments can be defined after the probe into the train collision is completed and the railroad tracks are restored." On Monday,...
Vedanta: Union Ministry declines Jharsuguda aluminium smelter capacity expansion proposal for not complying with environmental norms
According to a recent report, Anil Agarwal-led Vedanta Limited’s investment proposal worth INR 1,240 crore to expand the capacity of an aluminium smelter in Jharsuguda has been rebuffed by an expert panel of the Union ministry of environment, forests and climate change (MoEF&CC). This proposal, which originally aimed at increasing the production capacity from 16 MTPA to 18 MTPA, was earlier accepted by the Naveen Patnaik government. In June 2008, Vedanta received a nod from the then-United Progressive Alliance government for setting up the 16 MTPA smelter. The ministry has now rejected the expansion proposal on the grounds that the smelter has been violating the terms and conditions imposed upon Vedanta in lieu of the green clearance given to it 13 years ago. In addition, the committee...
Hindalco's aluminium ingot price declines by INR5000/t on September 21 after seveal hikes since Septmber 8
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, September 21, after several hikes since September 8. The company has cut its aluminium ingot price by INR 5,000 per tonne to INR 242,000 per tonne on September 21. On September 18, the price was at INR 247,000 per tonne after gaining INR 3,250 per tonne from the previous day. Hindalco’s aluminium wire rod price also saw a decrease of INR 5,000 per tonne from INR 258,100 per tonne on September 18 to INR 253,100 per tonne on September 21. Hindalco’s aluminium billets price came in at INR 249,100 per tonne compared to INR 254,100 per tonne on September 18. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
World Primary Aluminium production drops 0.60% M-o-M to 5.699 million tonnes in August 2021 but stands 3.15% higher on year
According to the International Aluminium Institute, world primary aluminium production in August 2021 amounted to 5.699 million tonnes, a decrease of 0.60 per cent from 5.733 million tonnes in July 2021. But on a year-on-year basis, the output in August stood 3.15 per cent higher than 5.525 million tonnes. During January-August, world’s total primary aluminium production came in at 45.140 million tonnes, up by 4.75 per cent from 43.092 million tonnes during the same period last year. International Aluminium Institute also showed daily average aluminium production in August 2021 stood at 183,800 tonnes, down by 0.59 per cent from 184,900 tonnes in line with the decrease in monthly output. On a yearly basis, daily production in August stood 3.14 per cent higher than 178,200 tonnes. China,...
EGA Chief Commercial Officer Walid Al Attar recognised as “World’s Top Aluminium Executive 2020-21”
Walid Al Attar, Chief Commercial Officer of Emirates Global Aluminium, has reportedly received a prestigious award titled “World’s Top Aluminium Executive 2020-21” at an annual global industry summit in Chicago. The award recognises outstanding long-term contributions to the global aluminium industry every year at the Harbor Aluminium Summit. Mr Al Attar began his career in 1984 as a trainee transport administrator in the shipping department in Dubai Aluminium. Ten years later, he joined the Company's Marketing and Sales team, playing a key role in the initial transition from selling commodity metal to traders to building direct relationships with customers making products with aluminium. In Emirates Global Aluminium, where Mr Attar joined in 2014 as the Chief Marketing Officer,...
