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.
Aluminium alloy (A356) price declines by RMB100/t after two consecutive days of rise; Primary aluminium price reduces to RMB18660/t
According to the Shanghai Metals Market, aluminium alloy (A356) price in China has recorded a decrease of RMB 100 per tonne on Thursday, June 24, after the past two consecutive days of hike from RMB 18,950 per tonne to RMB 19,350 per tonne. The decline today has brought the aluminium alloy price to INR 19,250 per tonne, with average prices expected to range between RMB 19,200-19,300 per tonne. However, aluminium alloys (ADC12) price and aluminium alloy (A380) price have continued to remain restrained at RMB 18,300 per tonne and RMB 19,300 per tonne, found SMM. A00 aluminium ingot price has also registered a downfall of RMB 110 per tonne to stand at RMB 18,660 per tonne on Thursday, June 24. The average prices are expected to range between RMB 18,640 per tonne and RMB 18,680 per tonne,...
NALCO sharply cuts its aluminium ingot price by INR6250/t with effect from June 22
National Aluminium Company Limited (NALCO) slashed its aluminium ingot and aluminium product prices by INR 6,250 per tonne with effect from June 22. That brought the company’s aluminium ingot price at INR 199,450-202,950 per tonne compared to 205,650-209,150 per tonne on June 11. NALCO’s aluminium ingot price on June 11 had witnessed a rise of INR 4,700 per tonne or 2.3 per cent. With the latest cut, NALCO’s aluminium wire rod price has come in at INR 202,950-207,300 per tonne against INR 209,150-213,500 per tonne on June 11. NALCO is currently selling its aluminium billets price at INR 202,900-205,550 per tonne versus 209,100-211,750 per tonne on the previous day. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month...
Hydro Husnes back at full capacity; 200 electrolysis cells to produce 195,000 tonnes of aluminium put into operation
This week, Hydro CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri graced Hydro Husnes with their presence to mark the full operation of the plant for the first time in more than a decade. “I have been looking forward to this. Finally, production is back in full swing at Hydro Husnes. Hydropower-based primary aluminum with a world-leading low-carbon footprint is produced here – you should be proud of that,” Aasheim said when she met employees at Hydro Husnes. “Husnes is a symbol of new, greener industrial development in Norway – a modern cornerstone that expand and renews, that plays an important role in the local community in terms of jobs, but also a producer of low-carbon aluminum that plays an important role on...
China to auction 50,000 tonnes of aluminium from state reserves in the first batch of bidding on July 5-6
On Tuesday, June 22, China’s state reserves administration said it would publicly auction 100,000 tonnes of non-ferrous metals early next month. In three separate notices, the National Food and Strategic Reserves Administration said that it would auction 20,000 tonnes of copper, 30,000 tonnes of zinc, and 50,000 tonnes of aluminium on July 5-6. Only aluminium processing and manufacturing enterprises will be eligible to bid, and the aluminium they will purchase shall be used for production promptly. It shall not be resold or hoarded, said the administration. The aluminium auction will take place on a site operated by a state-run firm Norinco, while the copper and zinc sales will take place on an online platform belonging to another state-owned miner and metals trader China Minmetals Corp....
Hindalco Industries continues to cut its aluminium ingot price by INR1500/t with effect from June 22
Hindalco Industries Limited reduced its aluminium ingot and aluminium product prices for the fourth time in a row with effect from Wednesday, June 22. The company cut its aluminium ingot price by INR 1,500 per tonne to INR 202,250 per tonne on June 22. On June 19, the price stood at INR 203,750 per tonne, reflecting a downfall of INR 3,250 per tonne or 1.57 per cent from INR 207,000 per tonne. With the latest cut, Hindalco’s aluminium wire rod price has come in at INR 213,350 per tonne, also down by INR 1,500 per tonne from INR 214,850 per tonne on June 19. Hindalco is currently selling its aluminium billets price at INR 209,350 per tonne compared to INR 210,850 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of...
China’s A00 aluminium ingot price extends growth to RMB18770/t; Aluminium alloy(A356) price closes US$200/t higher
A00 aluminium ingot price in China has extended its growth by RMB 260 per tonne to come in at RMB 18,770 per tonne on Wednesday, June 23, found the Shanghai Metals Market. On Tuesday, June 22, the price stood at RMB 18,510 per tonne, reflecting an increase of RMB 130 per tonne. The average prices today are expected to range between RMB 18,750 per tonne and RMB 18,790 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne. In Linyi, A00 aluminium ingot price has surged by RMB 270 per tonne to close at RMB 18,780 per tonne, followed by the increase of RMB 265 per tonne and RMB 260 per tonne to come in at RMB 18,775 per tonne and RMB 18,750 per tonne, respectively. In Hangzhou and Chongqing, primary aluminium ingot price has hiked by RMB 255 per tonne and RMB...
LME aluminium price closed higher at US$2375.50/t after five days of decline; SHFE price extended hike to US$2896/t
Three-month LME aluminium rose 1 per cent to close at US$ 2,426 per tonne last night, with open interest down 4,002 lots to 696,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price recorded a rise of US$ 22 per tonne on Tuesday, June 22, to reach at US$ 2,375.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2,403 per tonne, up by US$ 32.50 per tonne from US$ 2,370.50 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,366.50 per tonne on June 21 to US$ 2,387 per tonne on June 22. LME aluminium opening stock also grew from 1612900 tonnes to 1623850 tonnes on June 22. Live Warrants totalled 957625 tonnes, while Cancelled Warrants stood at 666225 tonnes. LME...
India’s bauxite imports incur a loss of INR 390 crore in Q1 2021, IIVCC data shows
Indian Industrial Value Chain Collective (IIVCC), a group representing organisations involved in the industrial production and consumption supply chain activities across India, released data on Tuesday, June 22, indicating India’s loss from bauxite import activities. In Q1 2021, the country witnessed a loss of INR 390 crore ($51.97), which otherwise should have belonged to the people of India, particularly to the participants in the value chain of extraction, transportation, processing, and supply of bauxite. This proves that despite the devastating second wave of COVID-19 hitting the country and industries hard, raw material sufficiency continues to be a burning need for the domestic aluminium industry. Commenting on the situation, Abhay Raj Mishra, member of Indian Industrial Value...
World primary aluminium production rebounds from the loss to 5.744 million tonnes in May 2021: IAI
According to the International Aluminium Institute data, world primary aluminium production in May 2021 rebounded at 5.744 million tonnes, reflecting an increase of 3.63 per cent from 5.543 million tonnes in April. On a year-on-year calculation, world primary aluminium production in May edged 5.78 per cent higher than 5.430 million tonnes. In the first five months of the year, output totalled 27.942 million tonnes, up by 4.35 per cent from 26.777 million tonnes during the same period last year. China, the world’s highest primary aluminium producer, churned out 3.344 million tonnes in May. That was 3.98 per cent up month-on-month from 3.216 million tonnes and 9 per cent year-on=year from 3.068 million tonnes. During January-May, China produced 16.211 million tonnes of primary aluminium in...
Vedanta Limited reduces its aluminium product prices by INR1500/t with effect from June 22
Vedanta Limited has further reduced its aluminium products prices, although lower than the previous, with effect from Tuesday, June 22. Vedanta has cut its aluminium wire rod price by INR 1,500 per tonne or 0.71 per cent from INR 211,000-218,500 per tonne on June 19 to INR 209,500-217,000 per tonne on June 22. The company is currently selling its aluminium billet price at INR 210,000 per tonne, also down by INR 1,500 per tonne from INR 211,500 per tonne on June 19. Vedanta’s aluminium ingot price has also witnessed a cut of INR 1,500 per tonne with effect from June 22 to come in at INR 202,000-215,000 per tonne. On Saturday, June 19, Vedanta’s aluminium ingot price stood at INR 203,500-216,500 per tonne. Vedanta links its aluminium products and aluminium ingot prices to the three-month...
A00 aluminium ingot price grows RMB130/t to settle above RMB18500/t; Aluminium alloy (A356) price gains RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price has gained RMB 130 per tonne to close above RMB 18,500 per tonne. On Tuesday, June 22, the price is standing at RMB 18,510 per tonne, with average prices expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne. The spot contract is likely to be traded at a premium price of RMB 10-50 per tonne. In Shenyang, A00 aluminium ingot price has increased the highest by RMB 155 per tonne to settle at RMB 18,510 per tonne on June 22. In Hangzhou, the price has grown by RMB 150 per tonne to RMB 18,530 per tonne, followed by the hike of RMB 135 per tonne in Wuxi to RMB 18,510 per tonne. In Gongyi and Linyi, primary aluminium ingot price has gained RMB 120 per tonne and RMB 110 per tonne to come in at RMB 18,500 per...
LME aluminium price further dwindled by US$20.50/t to settle at US$2353.50/t; SHFE edged higher at US$2863/t
Three-month LME aluminium closed 0.69 per cent higher at US$ 2,402 per tonne on Monday, and is expected to trade between US$ 2,380-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, June 21, with a further downfall of US$ 20.50 per tonne to close at US$ 2,353.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2,370.50 per tonne, down by US$ 9.50 per tonne from US$ 2,380 per tonne. Dec 22 bid price and Dec 22 offer price declined from US$ 2,374.50 per tonne on June 18 to US$ 2,366.50 per tonne on June 21. LME aluminium opening stock decreased from 1621325 tonnes to 1612900 tonnes. Live Warrants totalled 1027775 tonnes, while Cancelled Warrants stood at 585125 tonnes. LME aluminium 3-months Asian Reference...
PPG to expand coatings manufacturing capacity to help meet the growing demand for aluminium can coatings
The United States-based paint and speciality material supplier PPG is reportedly investing in expanding the capacity of manufacturing coatings at two of its plants in Netherlands and Poland, in a bid to meet the increasing demand for aluminium and steel cans coatings in the beverage, food, and personal care markets. PPG will invest in its facility in Tiel, Netherlands, to increase 30 per cent production capacity of PPG INNOVEL non-bisphenol A (BPA) internal coatings, dedicated primarily for beverage cans. The project is scheduled to be completed in the first quarter of next year. The Tiel plant will also double its capacity for producing PPG iSENSE external coatings by the end of this year. Besides, PPG will invest in its facility in Cieszyn, Poland, to double its capacity for producing...
Vedanta Aluminium opens a 200-bedded COVID Hospital in Odisha
Vedanta Aluminium Power and Business, India’s largest producer of aluminium and aluminium value-added products, has given a 200-bedded state-of-the-art COVID Hospital to the people of Odisha for timely and proper treatment to the critically ailing patients. Odisha Chief Minister Shri Naveen Patnaik inaugurated the hospital in a virtual ceremony in presence of Vedanta Chairman Mr Anil Agarwal and Deputy CEO Mr Rahul Sharma. The hospital has been funded by Vedanta and will be managed by the Government of Odisha. The hospital is a 200-bedded fully oxygenated facility having 16 Intensive Care Units (ICU) and 16 High Dependency Units (HDU) with ventilator support and a dedicated team of doctors and medical staff to provide medical services to patients. The hospital also has a paediatric ward...
LME aluminium price extends decline by 2% to US$2374/t; SHFE price reduces to US$2836/t
Three-month LME aluminium decreased 4.41 per cent to end at US$ 2,352 per tonne on Thursday night, with open interest losing 1,771 lots to 697,000 lots, and is expected to trade between US$ 2,320-2,420 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended decline for the fourth day in a row by US$ 53.50 per tonne or 2.20 per cent to close at US$ 2,374 per tonne as of Friday, June 18. 3-months bid price and 3-months offer price stood at US$ 2,380 per tonne, down by US$ 27 per tonne from US$ 2,407 per tonne on June 17. Dec 22 bid price and Dec 22 offer price declined from US$ 2,395 per tonne on June 17 to US$ 2,374.50 per tonne on June 18. The LME aluminium opening stock decreased from 1627225 tonnes to 1621325 tonnes. Live Warrants totalled 1039150...
A00 aluminium ingot price in China sheds RMB170/t; Aluminium alloy(A356) price stands below RMB19000/t
Monday, June 21, marks the fourth consecutive day for the decline in A00 aluminium ingot price in China since the country announced to release about 900,000 tonnes of the metal from state reserves. According to the Shanghai Metals Market, the price has decreased by RMB 170 per tonne to come in at RMB 18,380 per tonne. The average prices are expected to range between RMB 18,360 per tonne and RMB 18,400 per tonne, with spot contract to be traded at a premium price of RMB 10-50 per tonne. In Hangzhou and Shenyang, primary aluminium ingot price has plunged by RMB 185 per tonne to stand at RMB 18,380 per tonne and RMB 18,355 per tonne, while the price in Wuxi has declined by RMB 180 per tonne to come in at RMB 18,375 per tonne. In Chongqing and Linyi, A00 aluminium ingot price has slid by RMB...
Downstream Weekly Recap: Russian Ambassador’s visit to Klil seen as new collaborations opportunity in aluminium sector; Aluminium billet inventories built-up 14%
From Russian Ambassador’s visit to Klil in Israel to the fair possibility of trade dispute resolve between the EU & US concerning aluminium tariffs, the global downstream aluminium market has witnessed a plethora of events this week from June 14 to June 18. Russian ambassador Anatoly Viktorov recently visited the Klil factory in Karmiel, along with his wife and the mayor of Karmiel Moshe Koninsky. During the visit, Viktorov revealed that he was extremely impressed by Klil’s advanced technology of manufacturing aluminium windows. Tzuri Daboosh, chairman of Klil, noted: “It is an honor to host the Russian ambassador at the plant, and the visit may open new collaborations in the field of aluminum.” To know more:...
Bauxite Weekly Recap: Canyon Resources appoints André Henry as Director of Port and Rail; Guinea to expand bauxite production on SMB railway commissioning
The world bauxite market this week during May 14-18 witnessed a myriad of events starting from Compagnie des Bauxites de Guinée’s (CBG) official launch of new visual identity to the appointment of André Henry by Canyon Resources Limited as Director of Port and Rail for Camalco SA. Compagnie des Bauxites de Guinée (CBG), the largest single producer of bauxite in the world, declared the official launch of its new visual identity. It was emphasised by the projection of an institutional video, which explained “How the CBG does much more than bauxite, and how it is the most Guinean of the mining companies in Guinea.” The launch event was attended by the directors of the company, major players of the Guinean mining world, several diplomats, the Guinean media and also representatives of the...
