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.
Novelis expands research partnership with Georgia Tech aiming at enhancing innovations using recycled aluminium
On Wednesday, September 8, Novelis Inc., the world leader in aluminum rolling and recycling, declared that it expanded its research partnership with the Georgia Institute of Technology (Georgia Tech) Novelis Innovation Hub, aiming at enhancing materials and process research to help Novelis build a sustainable world and achieve a net zero carbon footprint by 2050. The expansion of partnership will work on accelerating the pace of innovation via high throughput development methodologies and artificial intelligence and developing new generations of electric vehicle batteries using the higher amount of recycled aluminum. Philippe Meyer, Senior Vice President and Chief Technology Officer of Novelis Inc., said: "Our collaboration provides an exciting opportunity to accelerate our R&D and to...
China’s A00 aluminium ingot price records a 13-year high at RMB22,230/t; Aluminium alloy(A356) price soars by RMB500/t
The tight supply of primary aluminium in the Chinese domestic market due to increased pressure on smelters to rationalise their power usage, added with political unrest in Guinea impacting the global raw material supply, has pushed the country’s A00 aluminium ingot price to a 13-year high. According to the Shanghai Metals Market, China’s primary aluminium ingot price has soared by RMB 460 per tonne to reach as high as RMB 22,230 per tonne on Thursday, September 9. The average prices are expected to range between RMB 22,210 per tonne and RMB 22,250 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Except for Tianjin and Linyi, the surge in A00 aluminium ingot price has touched upon all the other major cities. Chongqing has seen the sharpest growth of RMB...
LME aluminium price surged by US$34.5/t to reach at US$2775/t; SHFE price soared to US$3435/t
Three-month LME aluminium opened at US$2,765 per tonne on Wednesday morning and ranged between US$2,758-2,810 per tonne before closing at US$2,791 per tonne, an increase of US$23 per tonne or 0.83 per cent. Trading volume was 18,734 lots, and open interest decreased by 5,410 lots to 646,000 lots. On Wednesday, September 8, LME aluminium cash (bid) price and LME official settlement price jumped by US$34.50 per tonne to come in at US$2774.50 per tonne and US$2,775 per tonne, respectively. 3-months bid price and 3-months offer price surged by US$33 per tonne to stand at US$2,792 per tonne and US$2,793 per tonne. Dec 22 bid price stood at US$2,720 per tonne and Dec 22 offer price hovered around US$2,725 per tonne. LME aluminium opening stock decreased from 1333625 tonnes to 1334225 tonnes....
Vedanta’s aluminium ingot selling price gains INR4250/t to INR232,750-245,750/t w.e.f. September 7
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3. Vedanta’s aluminium wire rod price also witnessed a hike of INR 4,250 per tonne from INR 236,000-243,500 per tonne on September 3 to INR 240,250-247,750 per tonne on September 7. The company’s aluminium billets price came in at INR 240,750 per tonne compared to INR 236,500 per tonne in the previous week. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which over the 3-day time surged by US$49.50 per tonne...
Hindalco Industries hikes its aluminium wire rod and billets prices by 2% in line with LME aluminium price rally
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod price stood at INR 243,350 per tonne, up by INR 4,500 per tonne or 1.88 per cent from INR 238,850 per tonne on September 3. Hindalco’s aluminium billets price also saw a hike of INR 4,500 per tonne or 1.92 per cent to settle at INR 239,350 per tonne from INR 234,850 per tonne in the previous week. The company has also raised its aluminium ingot price by the same amount and selling it at INR 232,250 per tonne since September 7. Hindalco Industries Limited links its aluminium ingot and aluminium...
Chinese alumina spot price climbs RMB42/t to close at RMB3161/t; A00 aluminium ingot price settles higher at RMB21770/t
The interrupted supply of aluminium raw material due to military Coup in Guinea has further pushed the Chinese alumina spot price to RMB 3,161 per tonne on Wednesday, September 8. According to the Shanghai Metals Market, the price has climbed by RMB 42 per tonne from RMB 3,119 per tonne on September 7. In Shandong, alumina price has increased by RMB 50 per tonne to come in at RMB 3,175 per tonne, while the price in Henan and Shanxi has closed at RMB 3,200 per tonne by also gaining RMB 50 per tonne. In Guizhou and Guangxi, alumina price has grown by RMB 25 per tonne to stand at RMB 2,975 per tonne. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.10 per kg to settle at RMB 25.35 per kg. The average prices are expected to range between RMB 25.3-25.4...
LME aluminium price drops US$5/t to stand at US$2740.5/t; SHFE price closes higher at US$3371/t
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and US$2,740.50 per tonne, respectively. But 3-months bid price grew by US$3 per tonne to stand at US$2,759 per tonne, while 3-months offer price edged US$2 per tonne higher to peg at US$2,760 per tonne. Dec 22 bid price stood at US$2,688 per tonne and Dec 22 offer price hovered around US$2,693 per tonne. LME aluminium opening stock plunged from 1341000 tonnes to 1333625 tonnes. Live Warrants amounted to 866375 tonnes, while Cancelled Warrants totalled 467250 tonnes. LME aluminium 3-months Asian...
AlCircle Expo 2022 on February 15-16: Be ready to meet the Global Aluminium Industry
The year 2021 is not over yet, and we are already thrilled to announce the “ AlCircle Expo 2022 ”. If not your support and inspiration, then what it is that motivates us to bring new editions and offerings – be it Industry Report, e-Magazine, or Expo. Like the previous years, the expo in 2022 is going to be virtually scheduled on February 15 & 16. But what going to be new is – More Technology, Bigger Platform, and Wider Scope of Expanding Business! The AlCircle Expo 2022 has already started preparing to bring in the aluminium industry leaders and partners from the entire value chain under one roof, driven by advanced technology to enable them to build a stronger network. Besides video calls, exchange of digital business cards, brochures, product demos etc., you are assured to encounter...
NALCO sharply increases its aluminium ingot price by INR6400/t as LME aluminium price hit 10-year high yet again
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price is hovering around INR 231,150-234,650 per tonne in comparison with INR 224,750-228,250 per tonne on September 1. NALCO’s aluminium wire rod price has also been increased by INR 6,400 per tonne from INR 227,250-231,600 per tonne to INR 233,650-238,000 per tonne. The company’s aluminium billets price is currently standing at INR 234,600- 237,250 per tonne, 2.80 per cent more than INR 228,200-230,850 per tonne last week. NALCO, like any other Indian aluminium producer, links its aluminium ingot...
US aluminium scrap imports from Canada improve 7% to 105,200 tonnes in Q2 2021; Imports in H1 surge 29%
The United States imports of aluminium scrap from Canada stood at 36,900 tonnes in June 2021, an increase of 2,800 tonnes or 8.21 per cent month-on-month, found the US Census Bureau. In May, the US imported 34,100 tonnes of aluminium scrap, essentially unchanged from 34,200 tonnes in April 2021. Total imports in the three-month period ended June 30 amounted to 105,200 tonnes, up by 7.02 per cent from 98,300 tonnes in Q1 2021. On a year-on-year basis, the United States’ aluminium scrap imports from Canada in June 2021 stood 20.59 per cent higher than 30,600 tonnes. During the first half of the year, the imports from Canada came in at 203,000 tonnes, 29.30 per cent more year-on-year than 157,000 tonnes. The United States’ total aluminium imports (including aluminium crude metals and alloys...
Vedanta’s aluminium wire rod and billets prices see a hike of INR2250/t with effect from September 3
Vedanta Limited increased its aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Friday, September 3, bringing aluminium wire rod price to INR 236,000-243,500 per tonne from INR 233,750-241,250 per tonne on September 2. Since the last hike, the company’s aluminium billets price came in at INR 236,500 per tonne, compared to INR 234,250 per tonne on September 2. Vedanta’s aluminium ingot price also saw a raise of INR 2,250 per tonne with effect from September 3 from INR 226,250-239,250 per tonne on September 2 to INR 228,500-241,500 per tonne on September 3. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which after September 1 grew by US$28.50 per tonne to stand at...
Bauxite(4.5≤Al/Si＜5.5) price in Henan exceeds RMB500/t after military coup in Guinea; A00 aluminium ingot price grows by RMB70/t
According to the Shanghai Metals Market, bauxite(4.5≤Al/Si＜5.5) price in Henan has seen an increase of RMB 20 per tonne on Tuesday, September 7, to exceed RMB 500 per tonne. Due to the military coup in Guinea that has fuelled concerns over raw material supply required for aluminium smelting, bauxite price across the globe has witnessed a hike. China, being no exception, has also reported growth in bauxite prices on September 7. Bauxite(4.5≤Al/Si＜5.5) price in Henan has come in at RMB 510 per tonne, while bauxite(4.5≤Al/Si＜5.5) price in Shanxi is standing at RMB 460 per tonne by gaining RMB 10 per tonne. A00 aluminium ingot price in China has grown for the fourth day in a row by RMB 70 per tonne to stand at RMB 21,710 per tonne on Tuesday, September 7, learned SMM. The average prices are...
Guinea Coup drives LME aluminium benchmark price again to 10-year high at US$2745.5/t; SHFE price drops to US$3366/t
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000 lots. LME aluminium benchmark price saw another jump of nearly US$50 per tonne or 1.8 per cent on Monday, September 6, driven by political unrest in Guinea that fuelled concerns over raw material supply required for aluminium smelting. LME aluminium cash (bid) price came in at US$2,745 per tonne, while LME official settlement price stood at US$2,745.50 per tonne, the highest since May 2011. 3-months bid price and 3-months offer price rose by over US$52 per tonne to peg at US$2,756 per tonne and...
China’s alumina spot price extends growth to RMB3119/t; A00 aluminium ingot price surges by RMB310/t
The average alumina spot price in China has extended its growth by RMB 45 per tonne to come in at INR 3,119 per tonne on September 6, 2021, found the Shanghai Metals Market. In Shandong, alumina price has climbed by RMB 50 per tonne to stand at RMB 3,125 per tonne, while the price in Henan and Shanxi has settled at RMB 3,150 per tonne gaining RMB 50 per tonne as well. In Guizhou and Guangxi, alumina price has grown by RMB 25 per tonne to stand at RMB 2,950 per tonne. The Australian alumina FOB price has inched up by RMB 2 per tonne to stand at RMB 322 per tonne on September 6, learned SMM. A00 aluminium ingot price has surged by RMB 310 per tonne on September 6 to come in at RMB 21,640 per tonne, backed on the continuous rise in alumina price and limited production of primary aluminium....
Hindalco’s aluminium ingot price grows by INR2000/t to INR227,750/t with effect from September 3
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from September 3, the next day after it reduced the prices by INR 4,000 per tonne. The company’s aluminium ingot price came in at INR 227,750 per tonne, up by INR 2,000 per tonne or 0.90 per cent from INR 225,750 per tonne. Hindalco started selling its aluminium wire rod at INR 238,850 per tonne with effect from September 3, also an increase of INR 2,000 per tonne from INR 236,850 per tonne on September 2. Aluminium billets price stood at INR 234,850 per tonne since the latest hike, compared to INR 232,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after September...
LME aluminium price rose slightly by US$1.50/t to US$2696/t; SHFE price soared by US$71/t to US$3373/t
Three-month LME aluminium opened at US$2,695 per tonne last Friday morning and ranged between US$2,678-2,733.50 per tonne before closing at US$2,733 per tonne, an increase of US$31.50 per tonne or 1.17 per cent. Trading volume was 14,757 lots, and open interest decreased by 11,112 lots to 646,000 lots. LME aluminium cash (bid) price and LME official settlement price rose slightly by US$1.50 per tonne on Friday, September 3, to stand at US$2,696 per tonne, following a rise of US$27 per tonne on the previous day. 3-months bid price and 3-months offer price dropped by US$2 per tonne to come in at US$2,703.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,647.50 per tonne, down by US$14 per tonne from US$2,661.50 per tonne on September 2. LME aluminium opening stock...
Downstream Weekly Recap: Hulamin’s aluminium rolled product sales grow 43% in H1 2021; China’s aluminium billet inventories increase 14,600 tonnes
Global aluminium downstream industry remained muted this week except delivering a few updates such as Hulamin’s, South Africa-based aluminium supplier and exporter, flattering results for both rolled and extruded product segments and the rise in China’s aluminium billet inventories on large arrivals of stocks. During the six-month period ended June 30, 2021, Hulamin’s rolled and extruded product sales rose 43 per cent and 58 per cent, respectively, from the same period last year. As report revealed, Hulamin’s profit improved, generating free cash flows of R128 million. Hulamin’s overall group sales volume increased 44 per cent to 102,000 tonnes for the period, while revenue spiked 50 per cent to INR5.5 billion. EBITDA also saw a hike of 166 per cent to INR78.6 million, while basic...
Weekly Alumina Recap: Alumina spot price in China soared above RMB3000/t; Eurallumina on last stages to resume production
The global alumina industry saw a few updates this week that included China’s domestic alumina price surge and Europe’s one of the largest alumina refineries Eurallumina to resume operations in a while. The average alumina spot price in China rose throughout the week starting at RMB2,802 per tonne on Monday, August 30. On Tuesday, August 31, the price jumped by RMB96 per tonne to stand at RMB2,898 per tonne, which further increased on Wednesday, September 1, by RMB76 per tonne to come in at RMB2,974 per tonne. On September 2 and 3, China’s domestic alumina price continued to grow to RMB3,029 per tonne and RMB3,074 per tonne, respectively. To know more:...
