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.
Alumina spot price in China sees a spike to close at RMB2898/t; Aluminium fluoride price exceeds RMB8000/t
The average alumina spot price in China has seen a spike today, on August 31, marking a steady rise since the end of July 2021, found the Shanghai Metals Market. Data shows alumina price has come in at RMB 2,898 per tonne as of August 31, surging by RMB 96 per tonne. In Shanxi and Henan, alumina price has jumped by RMB 115 per tonne and RMB 110 per tonne to close at RMB 2,940 per tonne and RMB 2,925 per tonne, respectively, followed by the growth of RMB 75 per tonne in Guizhou to peg at RMB 2,675 per tonne. In Shandong and Guangxi, alumina spot price has increased by RMB 55 per tonne and RMB 50 per tonne to come in at RMB 2,865 per tonne and RMB 2,725 per tonne, respectively, as of August 31. Australian alumina FOB price has, however, remained restrained at US$ 320 per tonne after an...
Achievement amid COVID-19: Sohar Aluminium’s 2020 primary aluminium production exceeds capacity totalling 396,929 tonnes
Sohar Aluminium Company, the first aluminium smelter in the Sultanate of Oman, has reportedly overcome all the challenges posed by the COVID-19 pandemic since early 2020 and has successfully achieved an annual primary aluminium production of 396,929 tonnes. That exceeded the smelter’s production capacity of 395,000 tonnes, primarily driven by the proactive and timely measures taken by the management of the company. So far, this year is also witnessing a similar trend in production and other overall Key Performance Indicators (KPIs). Sohar Aluminium, jointly owned by the Omani government (40%), Abu Dhabi National Energy Company (TAQA) (40%) and Rio Tinto Alcan Inc. (20%), houses 360 pots that operate at 398kA using the latest and most efficient AP39 technology provided by Rio Tinto Alcan....
Alumina production in South America remains unchanged at 1.019 million tonnes during July 2021; Output in North America grows 4%
According to the data found by the International Aluminium Institute, alumina production in South America during July 2021 came in at 1.019 million tonnes, essentially unchanged from June 2021 and 1.018 million tonnes in May. South America's alumina output had last recorded a change in May by reflecting a decrease of 4.32 per cent from 1.064 million tonnes in April 2021. On a year-on-year calculation, alumina production in South America during July 2021 stood 4 per cent higher than 980,000 tonnes. From January to July, South America produced 7.366 million tonnes of alumina in total, up by 4.23 per cent from 7.067 million tonnes during the same period last year. In July 2021, alumina production in North America stood at 234,000 tonnes during July 2021, 4 per cent more than 225,000 tonnes...
LME aluminium price rose 1.46% to settle at US$2673.50/t; SHFE price continued to expand to US$3246/t
Three-month LME aluminium opened at US$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne on Friday, August 27. 3-months bid price and 3-months offer jumped US$ 41 per tonne from US$ 2,614.50 per tonne to US$ 2,655.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,617.50 per tonne, up by US$ 37.50 per tonne from US$ 2,580 per tonne on August 26. LME aluminium opening stock continued to increase from 1306950 tonnes to 1338125 tonnes. Live Warrants stood at 897775 tonnes, while Cancelled Warrants totalled...
Hindalco Industries continues to increase aluminium ingot price to INR229,750/t w.e.f. August 28
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium wire rod price also saw an increase of INR 2,000 per tonne to reach 240,850 per tonne as of August 28. On the previous day, the price stood at INR 238,850 per tonne by gaining INR 2,750 per tonne or 1.16 per cent. Since Saturday, August 28, Hindalco is selling its aluminium billets at INR 236,850 per tonne compared to INR 234,850 per tonne on August 25. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
Primary Aluminium Weekly Recap: World primary aluminium production grows 3% M-o-M in July’21; EGA contemplating to float IPO in 2022
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary aluminium production in July 2021 amounted to 5.747 million tonnes, an increase of 3.4 per cent from 5.558 million tonnes a month ago. On a year-on-year calculation, world primary aluminium production in July was up by 5.20 per cent from 5.463 million tonnes. Total production from January to July came in at 39.284 million tonnes, 4.62 per cent more than 37.548 million tonnes during the same period last year. To know more:...
Vedanta Limited further increases aluminium billet and wire rod prices by INR2000/t with effect from August 28
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne or 0.85 per cent from INR 235,750-243,250 per tonne on August 25. Vedanta is selling its aluminium billet at INR 238,250 per tonne with from August 28 in comparison with INR 236,250 per tonne on August 25. Aluminium ingot price has also seen a raise of INR 2,000 per tonne from INR 228,250-241,250 per tonne to INR 230,250-243,250 per tonne on August 28. Vedanta limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange,...
Xinjiang Prefecture directs five Chinese aluminium smelters to reduce production
According to a recent report, five Chinese aluminium smelters will require to reduce production starting from this month as a prefecture in Xinjiang region has imposed output limits to stamp out illegal production, which sent Shanghai aluminium prices to a 13-year high. Reuters calculations have found that monthly limits across five smelters will reduce 10 per cent of the total production in the first seven months of the year. Xinjiang is a major smelting hub in China that accounts for one-fifth of the supply to the world’s biggest producer and consumer of aluminium. According to a Reuters report, prefecture in Changji, Xinjiang, has directed the smelter East Hope to keep monthly production at 54,000 tonnes starting from August and yearly output at 800,000 tonnes (max.). Compared to the...
World alumina production gains 3% to stand at 12.234 million tonnes in July 2021: IAI
World alumina production in July 2021 amounted to 12.234 million tonnes, reflecting a month-on-month growth of 3.18 per cent from 11.857 million tonnes, found the International Aluminium Institute. On a year-on-year basis, the production stood 7.95 per cent higher than 11.333 million tonnes. In the past seven months of the year, world alumina production totalled 82.229 million tonnes, an increase of per cent from 77.152 million tonnes during the corresponding period of the previous year. Daily average alumina production in July 2021 came in at 394,600 tonnes, down 0.15 per cent month-on-month from 395,200 tonnes but up 7.93 per cent year-on-year from 365,600 tonnes. In China, the world’s leading aluminium market, alumina production came in at 6.730 million tonnes in July 2021, which was...
Bauxite (6.5≤Al/Si＜7.5) price in Guizhou surges by RMB105/t; A00 aluminium ingot price settles higher at RMB20630/t
According to the Shanghai Metals Market, Bauxite (6.5≤Al/Si＜7.5) price in Guizhou has jumped by RMB 105 per tonne to reach RMB 475 per tonne on Friday, August 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 450-500 per tonne. Bauxite (6.5≤Al/Si＜7.5) price in Guangxi and bauxite ((6.0≤Al/Si＜7.0) price in Henan have climbed by RMB 55 per tonne and RMB 500 per tonne to settle at RMB 345 per tonne and RMB 570 per tonne, respectively. The average prices are likely to range between RMB 330-360 per tonne and RMB 540-600 per tonne. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.10 per kg to close the week at RMB 24.15 per tonne, with average prices likely to range between RMB 24.10-24.20 per kg, learned SMM. A00...
Emirates Global Aluminium intends to increase women recruitment in supervisory positions to strike gender balance
Emirates Global Aluminium (EGA) has reportedly aimed at increasing the proportion of women in supervisory positions at the company in the UAE to 25 per cent by 2025. At present, the company has 18 per cent of women in supervisory positions, working at all levels in operations and corporate functions. EGA’s chief executive officer, Abdulnasser bin Kalban, said: "Improving diversity enhances business performance. Although we have made considerable progress at EGA, we recognise that we need to do more. We want the best people to join EGA irrespective of their gender, and to progress based on their ability and commitment to succeed.” He added, “We recognise that setting a target is just the beginning. To achieve it, we will develop further our inclusive leadership and culture, and focus on...
China’s aluminium billet inventories slip 6,200 tonnes this week to stand at 124,400 tonnes: SMM
According to the Shanghai Metals Market, aluminium billet inventories in China have declined this week after three consecutive weeks of growth from August 5 to 19. SMM data shows inventories have decreased by 6,200 tonnes across five major consumption areas to come in at 124,400 tonnes as of Thursday, August 26. Last week, on August 19, aluminium billet inventories stood at 130,630 tonnes, gaining 13,100 tonnes from the previous week as orders were down on low buying interest. SMM expects the inventories to be muted in the upcoming week as the arrivals of goods were not high this week. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, aluminium billet inventories have plunged by 7,600 tonnes to peg at 56,900 tonnes on...
United States imports of crude and dried bauxite grow over 5% to 734,000 tonnes in 2Q2021; Exports from Jamaica inch down 1%
According to the latest data revealed by the US Census Bureau, the United States imported 734,000 tonnes of crude and dried bauxite in the second quarter of 2021. That reflected an increase of 5.61 per cent quarter-on-quarter from 695,000 tonnes and a surge of 103.32 per cent year-on-year from 361,000 tonnes. The total imports in the first half of 2021 (January-June) amounted to 1.43 million tonnes, up by 99.16 per cent year-on-year from 718,000 tonnes. Jamaica continued to be the main exporter of crude and dried bauxite to the United States, supplying 633,000 tonnes in Q2 2021. That, however, registered a decrease of 6,000 tonnes or 1 per cent from 639,000 tonnes in Q1 2021 and a plunge of 13 per cent from 728,000 tonnes in Q4 2020. On a year-on-year basis, the United States’ bauxite...
LME aluminium price dipped US$1/t to close at US$2647.50/t; SHFE price settled lower at US$3168/t
Three-month LME aluminium rose 0.61 per cent to end at US$ 2,620 per tonne on Wednesday, August 25. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to come in at US$ 2,647.50 per tonne on Wednesday, August 25. But 3-months bid price and 3-months offer price grew US$ 3 per tonne from US$ 2,627 per tonne to US$ 2,630 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,597.50 per tonne, up by US$ 10 per tonne from US$ 2,587.50 per tonne on August 24. LME aluminium opening stock decreased from 1295125 tonnes to 1292500 tonnes. Live Warrants stood at 847175 tonnes, while Cancelled Warrants totalled 445325 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,619.79 per tonne as of August 25. SHFE Aluminium...
NALCO’s aluminium ingot price rebounds to INR226,750-230,250/t in line with LME aluminium price hike
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne from INR 218,750- 222,250 per tonne on August 20. NALCO’s aluminium wire rod price has also been raised by INR 8,000 per tonne from INR 221,250- 225,600 per tonne on August 20 to INR 229,250-233,600 per tonne on August 25. The latest hike has brought the company’s aluminium billets price to INR 230,200-232,850 per tonne, also an increase of INR 8,000 per tonne from INR 222,200- 224,850 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product...
Hindalco expands its aluminium wire rod and billets prices for the second day in row by INR2750/t on August 25
Hindalco Industries Limited has further expanded its aluminium wire rod and billets prices on Wednesday, August 25, marking the second day of hike in a row. The company is currently selling its aluminium wire rod at INR 238,850 per tonne, up by INR 2,750 per tonne or 1.16 per cent from INR 236,100 per tonne on August 24. The latest hike has brought Hindalco’s aluminium billets selling price to INR 234,850 per tonne, up by INR 2,750 per tonne from INR 232,100 per tonne. Hindalco’s aluminium ingot price has also been raised by INR 2,750 per tonne from INR 225,000 per tonne on August 24 to INR 227,750 per tonne on August 25. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on August 24 continued to...
Why buy the AlCircle’s report on “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27”?
There has been a constant strive to evaluate the future of the global aluminium industry since the time the COVID-19 pandemic set in and affecting the industrial manufacturing businesses. The Indian aluminium sector could neither escape its prey, having the consumption declined by 15 per cent during the financial year 2021. Unprecedented lockdowns, manpower shortages, and supply chain disruptions due to the pandemic have resulted in severe challenges across all the verticals of the aluminium value chain. In this scenario, AlCircle is determined to delve into the current market trend to be able to envisage the future in their latest report on “ Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27” . The report shows the aluminium usage is estimated...
ASI certifies Yunnan Haoxin Aluminum Foil Co., Ltd. against Performance Standard Certification
According to a recent report, Aluminium Stewardship Initiative has successfully certified Yunnan Haoxin Aluminum Foil Co., Ltd. against Performance Standard certification for aluminium re-melting, refining and rolling activities. The facility has an annual production capacity of 200,000 tonnes of aluminium sheet and foil. Besides, a 35,000 tonnes expansion project, which is not yet operational, is also included in the certification. Aluminium foil produced in this facility is destined for several downstream uses in the electronics, packaging, pharmaceutical, HVAC and other sectors. Early this year, in January, Yunnan Haoxin Aluminum Foil Co., Ltd. joined ASI as a new Production & Transformation member, which brought the total number of ASI members to 152. Fiona Solomon, Chief Executive...
