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.
ASI certifies Shangqiu Yangguang Aluminium Product Co., Ltd. against Chain of Custody Standard certification
Aluminium Stewardship Initiative has certified Shangqiu Yangguang Aluminium Product Co., Ltd. against its Chain of Custody Standard certification for aluminium smelting, cold rolling, annealing and packing operations, and related management activities. Shangqiu Yangguang Aluminium’s main products are aluminium and aluminium alloy plate and aluminium sheet and strip. Earlier, in January 2021, the company achieved the ASI Performance Standard certification for its plant in Shangqiu City, Henan Province, China. The ASI Chain of Custody Standard certification sets out requirements for the creation of a Chain of Custody for material that is produced and processed through the value chain into diverse downstream sectors. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly...
LME aluminium price plunged by US$45.50/t to close at US$2544/t; SHFE price settled lower at US$3071/t
Three-month LME aluminium edged down by 0.74 per cent to settle at US$ 2,544 per tonne on Thursday, August 19. LME aluminium cash (bid) price and LME official settlement price continued to decrease for the third day in a row by US$ 45.50 per tonne or 1.76 per cent to come in at US$ 2,544 per tonne on Thursday, August 19. 3-months bid price and 3-months offer price shrank by US$ 39.50 per tonne from US$ 2,571.50 per tonne to US$ 2,532 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,503.50 per tonne, down by US$ 37 per tonne from US$ 2,540.50 per tonne on August 18. LME aluminium opening stock declined from 1315125 tonnes to 1309700 tonnes. Live Warrants stood at 846400 tonnes, while Cancelled Warrants totalled 463300 tonnes. LME aluminium 3-months Asian Reference...
China’s aluminium billet inventories grow for the third week in a row to 130,630 tonnes on low buying interest among consumers
According to the Shanghai Metals Market, aluminium billet inventories in China have continued to grow for the third week in a row by 13,100 tonnes or 11.1 per cent on Thursday, August 19. This brings the inventories to 130,630 tonnes from 117,560 tonnes last week, August 12. SMM survey showed aluminium billet arrivals in south China were comparatively ample, while orders at downstream aluminium extrusion companies were not satisfactory. Besides, aluminium price surge to a 13-year high suppressed consumers buying interest. The chart below indicates the current status of aluminium billet inventories across China in more details: Among all the major Chinese cities, Foshan has seen the highest growth in inventories by 11,000 tonnes to 64,500 tonnes. In Wuxi, aluminium billet stocks have grown...
Hindalco Industries reduces aluminium ingot selling price to INR223,500/t with effect from August 19
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Thursday, August 19, after increasing them three times in a row since the week last. Hindalco’s aluminium ingot price has witnessed a slash of INR 3,500 per tonne or 1.54 per cent from INR 227,000 tonnes on August 18 to INR 223,500 per tonne on August 19. The company’s aluminium wire rod price has settled at INR 234,600 per tonne as of August 19 after being decreased by INR 3,500 per tonne from INR 238,100 per tonne in the previous day. Hindalco’s aluminium billets price is standing at INR 230,600 per tonne, also a decline of INR 3,500 per tonne from INR 234,100 per tonne. <iframe width="500" height="380" src="https://www.youtube.com/embed/Z0h4lj4O1jY" title="YouTube video player"...
Can Manufacturers Institute rewards a Florida-based MRF with $50,000 aluminium can capture grant
The Can Manufacturers Institute (CMI), Washington, has announced to give $50,000 aluminium can capture grant to Gel Recycling, a material recovery facility (MRF) in Port Orange, Florida, as a gesture to help the facility recover more beverage cans. Gel Recycling plans to use this grant by investing in aluminium can capture equipment, such as metal detector and optical sorter, as part of a larger facility upgrade. Ardagh Metal Packaging and Crown Holdings both contributed funds to the grant. According to the report, Gel Recycling’s investment in new aluminium can capture equipment will result in 3.5 million more beverage cans capture at the facility. Metal detector and optical sorter will help the facility eliminate used beverage cans from being missorted into the MRF’s plastics pile....
Kitimat aluminium smelter strike enters fourth week; Rio Tinto and Unifor to resume negotiations next week
According to a recent report, Rio Tinto and the union will hold another meeting in Vancouver next week to discuss the Kitimat aluminium smelter strike. As the strike enters its fourth week, Rio Tinto and Unifor union have decided to resume negotiations to see if a collective agreement can be renewed. A week ago, on August 12, a similar meeting was held in Kitimat between top officials from Rio Tinto’s Montreal headquarters and Unifor Local 2301’s president in hopes of ending the strike at the smelter, continuing since July 25. So far, no updates on the last meeting have been provided by either of the two parties. Information about the next week’s meeting is sent to Rio Tinto’s employees through a company memo on August 17, which read as: “After the meeting held on August 12 and follow up...
Alumina spot price in China climbs RMB23/t after over a week-long restraint; A00 aluminium ingot price plunges by RMB260/t
The average alumina spot price in China has climbed by RMB 23 per tonne to RMB 2,667 per tonne on Thursday, August 19, after remaining restrained at RMB 2,644 per tonne from August 6 to 18, found the Shanghai Metals Market. In Guangxi, the price has increased by RMB 35 per tonne to stand at RMB 2,520 per tonne, followed by the rise of RMB 30 per tonne in Shandong and Henan to RMB 2,670 per tonne and RMB 2,700 per tonne, respectively. In Guizhou and Shanxi, alumina price has witnessed a growth of RMB 20 per tonne and RMB 15 per tonne to RMB 2,510 per tonne and RMB 2,690 per tonne. Australian alumina FOB price has, however, continued to remain restrained at US$ 300 per kg since July 16, learned SMM. But despite the increase in the average alumina spot price, A00 aluminium ingot price in...
Operating rate at China’s large aluminium processing enterprises drops slightly by 0.6 percentage point
Operating rate at China’s large aluminium processing enterprises dropped 0.6 percentage point last week ended August 13, attributing mainly to production and transportation disruptions caused by spreading pandemic and power consumption restrictions. Besides, high aluminium prices affected production and orders at processing enterprises. Operating rate at large aluminium plate and strip enterprises fell to 75.4 per cent as producers in Henan were operating at just half of their capacity or closed completely due to severe power shortage. Many producers in Yunnan and Guangxi were also affected by electricity consumption curb and operated at less than half of their capacity. Operating rate at large aluminium wire and cable companies dropped slightly, while on the other hand, large primary...
US aluminium plates, sheets and bars exports to Mexico shrink 8% M-o-M but climb 59% Y-o-Y to 22000 tonnes in May’21
According to the US Census Bureau data, the United States exported 22,000 tonnes of aluminium plates, sheets and bars to Mexico in May 2021. That was a decrease of 1,900 tonnes or 7.95 per cent from 23,900 tonnes in April. The aluminium plates, sheets and bars exports from the United States to Mexico also decreased in April by 2,600 tonnes or 9.81 per cent from 26,500 tonnes in March. However, on a year-on-year calculation, the United States aluminium plates, sheets and bars exports to Mexico in May 2021 stood up by 59.42 per cent or 8,200 tonnes from 13,800 tonnes. In the first five months of the year, the export volume of aluminium flat rolled products from the US to Mexico totalled 118,000 tonnes, up 9,000 tonnes or 8.26 per cent from 109,000 tonnes during the same period last year....
En+ Group begins the third phase of hydropower plant upgrade to continue producing the world’s highest low-carbon aluminium
En+ Group, the largest producer of low-carbon aluminium and the biggest independent hydropower generator, has announced that it has begun the installation of a new impeller at one of its hydraulic units at the Bratsk Hydropower Station. The Bratsk Hydropower Station’s 18 hydro-turbine impellers have been undergoing a three-stage modernisation programme. In the first stage, which held during 2004-2010, impellers at hydraulic units 13-18 were replaced that improved the turbines’ energy conversion efficiency to 95.3 per cent, boosting hydropower station’s electric output and resulting in reducing coal plant output and CO2 emissions. From 2014-17, in the second stage, six more impellers were replaced at hydraulic units 6-10 & 12. The remaining six impellers will be replaced in the third stage...
LME aluminium price edged 0.41% lower at US$2633/t; SHFE price closed up at US$3136/t
Three-month LME aluminium shed 1.09 per cent to end at US$ 2,576 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 10 per tonne or 0.41 per cent to come at US$ 2,633 per tonne on Tuesday, August 17. 3-months bid price and 3-months offer price decline from US$ 2,626 per tonne to US$ 2,618.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,580 per tonne, down by US$ 4 per tonne on August 16. LME aluminium opening stock increased from 1312950 tonnes to 1322150 tonnes. Live Warrants stood at 847650 tonnes, while Cancelled Warrants totalled 474500 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,632.44per tonne as of August 17. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE rose by...
Vedanta grows its aluminium wire rod and billets prices for the third time in a row by INR2500/t
Vedanta Limited has increased its aluminium products prices for the third time in a row since last Wednesday, August 11. With effect from August 18, the company’s aluminium wire rod price has come in at INR 235,000-242,500 per tonne, up by INR 2,500 per tonne from INR 232,500-240,000 per tonne on August 13 and by INR 4,000 per tonne from INR 231,000-238,500 per tonne on August 11. Vedanta is selling its aluminium billets price at INR 235,500 per tonne with effect from August 18 compared to INR 233,000 per tonne on August 13 and INR 231,500 per tonne on August 11. Vedanta’s aluminium ingot price has also seen a rise of INR 2,500 per tonne and is currently ranging between INR 227,500-240,500 per tonne as of August 18. On August 13, the price was at INR 225,000-238,000 per tonne. Vedanta...
NALCO grows its aluminium ingot and product prices by INR5000/t on August 17 after a cut ten days ago
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium product prices with effect from Tuesday, August 17, following a cut of INR 3,400 per tonne more than ten days ago on August 6. The company’s aluminium ingot price is now ranging between INR 226,850-230,350 per tonne, seeing a hike of INR 5,000 per tonne or 2.25 per cent from INR 221,850-225,350 per tonne. The increase in prices today has brought the company’s aluminium wire rod price to INR 229,350-233,700 per tonne, which is also an increase of INR 5,000 per tonne from INR 224,350-228,700 per tonne on August 6. NALCO is currently selling its aluminium billets at 230,300-232,950 per tonne compared to the last price of INR 225,300-227,950 per tonne. NALCO, like any other Indian...
Alumobility welcomes new members to impart knowledge about aluminium auto body sheet components assembly
Alumobility, a global ecosystem of leading aluminium and downstream technology partners that support automotive manufacturers in creating lighter, safer, smarter and more sustainable vehicles, has announced that it has welcomed ARO, Atlas Copco and Sika as new members. They are the experts in joining techniques for aluminium and other metals and will contribute knowledge about aluminium auto body sheet components assembly such as closures, body structures and battery enclosures. The launch of Alumobility by founding members Constellium and Novelis dates back to January 2021. The non-profit organisation conducts technical studies to help automakers utilise aluminium auto body sheet for manufacturing lighter and more efficient vehicles in the future. This autumn, Alumobility will launch a...
MIT researchers discover hydrogen production process using scrap aluminium and water
MIT has conducted new research for the production of hydrogen, whereby it has used scrap aluminium and water to potentially reduce pollution while the production of hydrogen. Aluminium reacts with water at room temperature forming aluminium hydroxide and hydrogen. Hydrogen production emits pollution as it requires fossil fuel-based processes that some estimates claim generates as much as two percent of greenhouse gas emissions globally. Additional pollution is created during the the transportation of hydrogen from its production site to where it is used. However, new process researched by a team of MIT does not produce any greenhouse gases and also solves the problem of transportation because this process can be conducted where the hydrogen is needed as long as there is water available....
Body Shop Canada adopts aluminium bottles for its newly-launched refill programme
According to a recent report, The Body Shop Canada has begun a national refill programme whereby the brand offers shoppers a refillable aluminium bottle for a selection of the best-selling shower gels, shampoos, conditioners, and hand washes. The objective of this programme is to help take action against the global plastic crisis. By switching to refill into an aluminium bottle, each customer can prevent around 32 plastic bottles from going to landfills. This is the company’s first step in a 5-year plan to roll out refill stations in the majority of their stores across the globe. The first Body Shop store in Brighton, England, dates back to 1976 when the founder of the brand Dame Anita developed a refill service for her customers’ bottles as she could not afford new ones. Now, 45 years...
A00 aluminium ingot price in China dips by RMB20/t to stand at RMB20230/t; Caustic soda price inches down by RMB5/t
A00 aluminium ingot price in China has dipped by RMB 20 per tonne on Tuesday, August 17, to come in at RMB 20,230 per tonne, following a hike of RMB 200 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,210 per tonne and RMB 20,250 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. However, the drop in primary aluminium ingot price has not touched upon all the major Chinese cities such as Tianjin, Linyi, Shenyang, Chongqing and Hangzhou. In Tianjin and Linyi, the price has climbed by RMB 70 per tonne and RMB 40 per tonne to stand at RMB 20,250 per tonne and RMB 20,270 per tonne, respectively. In Shenyang and Chongqing, primary aluminium ingot price has grown by RMB 30 per tonne and...
ASI certifies Emirates Global Aluminium for smelter and casthouse operations at Jebel Ali against Performance Standard Certification
Aluminium Stewardship Initiative has certified Emirates Global Aluminium (EGA) against the Performance Standard Certification for aluminium smelter and casthouse operations and other associated facilities at Jebel Ali plant in the UAE. Having an annual production capacity of more than one million tonnes of aluminium, the facility produces aluminium products in three main categories: high purity and foundry re-melt products, and billets for extrusion and forging. The aluminium products produced at Jebel Ali operations are destined for several downstream uses in the electronics, aerospace, automotive, packaging, lithographic sheets, construction, and transportation sectors. The ASI Performance Standard defines environmental, social and governance principles and criteria, with the aim to...
