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.
Bauxite (6.5≤Al/Si＜7.5) price in Guizhou closes RMB10/t higher at RMB370/t; A00 Aluminium Ingot price builds-up RMB140/t
According to the Shanghai Metals Market data, bauxite (6.5≤Al/Si＜7.5) price in Guizhou has climbed by RMB 10 per tonne to come in at RMB 370 per tonne on Tuesday, June 15. The average prices are expected to range between RMB 340-400 per tonne Bauxite (4.5≤Al/Si＜5.5) price in Henan has grown by RMB 20 per tonne to settle at RMB 360 per tonne, and bauxite (5.5≤Al/Si＜6.5) price in Guangxi has gained RMB 10 per tonne to RMB 230 per tonne. Their average prices are expected to range between RMB 340-380 per tonne and RMB 220-240 per tonne, respectively. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.2 per kg to stand at RMB 22.55 per kg as of June 15. The average prices are likely to range between RMB 22.5-22.6 per kg. Amid the bullish input costs, A00...
US aluminium plates, sheets and bars exports to Mexico grow 21.5% M-o-M in March 2021; Total exports in Q1 down 6.36%
The United States aluminium plates, sheets and bars exports to Mexico stood at 26,500 tonnes in March 2021, reflecting a month-on-month increase of 4,700 tonnes or 21.56 per cent, found the Shanghai Metals Market data. In February, however, the US aluminium flat rolled products exports to Mexico stood 8.79 per cent lower at 21,800 tonnes than 23,900 tonnes in January. On a year-on-year calculation, the United States plates, sheets and bars exports to Mexico in March 2021 stood almost flat compared to 26,900 tonnes. In Q1 2021, the total aluminium plates, sheets and bars exports from the US to Mexico amounted to 72,200 tonnes, down by 4,900 tonnes or 6.36 per cent from 77,100 tonnes during the same period last year. The United States total aluminium exports to Mexico (including aluminium...
China plans to release about 900,000 tonnes of primary aluminium from state reserves to ease price rally
According to a report last week, China is preparing to release 800,000-900,000 tonnes of primary aluminium from its state reserves in early July to ease the incessant hike of the metal price. The news came after consultancy CRU said in a note to clients. Shanghai primary aluminium price is presently up by almost 20 per cent in 2021 amid a strong rebound in demand from the COVID-19 outbreak. It touched a decade high of RMB 20,435 per tonne on May 10. The amount of metal that China is considering to release is higher than 500,000 tonnes that once China planned to release some point this year. However, 900,000 tonnes is only one-quarter of China’s recent monthly production levels. “The stock releases could […] offset some of the shortages caused by imposed curtailments in Yunnan and Inner...
LME aluminium price built-up US$20/t to reach US$2490/t; SHFE market is closed for Dragon Boat Festival
LME aluminium benchmark price grew 0.81 per cent on Friday, June 11. On the previous day, the price stood at US$ 2,470 per tonne, gaining 0.45 per cent from the previous day. On Friday, June 11, LME aluminium cash (bid) price and LME official settlement price increased for the sixth day in a row by US$ 20 per tonne to settle at US$ 2,490 per tonne. 3-months bid price and 3-months offer price grew by US$ 30 per tonne to come in at US$ 2,477.50 per tonne. Dec 22 bid price and Dec 22 offer price stood at US$ 2,445.50 per tonne, up by US$ 22.50 per tonne from US$ 2,423 per tonne on June 10. LME aluminium opening stock decreased from 1640500 tonnes on June 10 to 1663150 tonnes on June 11. Live Warrants totalled 1096175 tonnes, while Cancelled Warrants stood at 566975 tonnes. LME aluminium...
Vedanta increases its aluminium wire rod price for the fourth time in a row by INR2500/t on June 12
Vedanta Limited increased its aluminium products and aluminium ingot prices for the fourth time in a row with effect from Saturday, June 12. Vedanta’s aluminium wire rod price came in at INR 217,000-224,500 per tonne, up by INR 2,500 per tonne or 1.16 per cent from INR 214,500-222,000 per tonne on Thursday, June 10. Vedanta's aluminium billet price also saw a rise of INR 2,500 per tonne from INR 215,000 per tonne to INR 217,500 per tonne on June 12. The company is currently selling its aluminium ingot at INR 209,500-222,500 per tonne compared to INR 207,000-220,000 per tonne on June 10. Vedanta links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which on Friday, June 11, climbed by US$ 20 per tonne to reach US$...
End User Weekly Recap: Fiat Automobiles to entirely move to electric vehicles by 2030; Audi adopts green aluminium wheels
From transport to packaging, developments have touched upon various sectors of the aluminium end-user this week. Let us take a look at each of them. According to report, Fiat Automobiles S.p.A. is planning to entirely move to electric vehicles by 2030. The Italian automotive giant also plans to phase out combustion engine vehicles starting in 2025. Fiat recently released an electric version of its 500 city car in some regions. The primary objective of the automaker is to boost the access to EVs and charging stations, while contributing to the improvement of air quality. To know more: https://www.alcircle.com/news/fiat-automobiles-to-entirely-shift-to-electric-vehicles-by-2030-66494 Indian multinational restaurant aggregator and food delivery company Zomato announced its plans to adopt...
Primary Aluminium Weekly Recap: LME aluminium price rallied to US$2470/t; China’s primary aluminium output climbed 2.5% in May
This week during June 7-11 has been eventful for the primary aluminium market as well as for AlCircle as the latter could announce the first set of confirmed participants for the upcoming AlCircle Expo 2021. Coming to the market news, Chinese aluminium giant Chinalco announced its aim of bringing the group’s carbon emissions to a peak before 2025. What else? A00 aluminium ingot price in China trended up this week from RMB 18,530 per tonne to RMB 18,830 per tonne, and so the global aluminium benchmark price on the LME from US$ 2,417.50 per tonne to US$ 2,470 per tonne. Without any further ado, let us now quickly recapitulate all the major happenings in the primary aluminium market this week. From June 7 to June 10, both LME aluminium cash (bid) price and LME official settlement price...
Ampersand Projects now offers its beverage in recyclable, sleek aluminium bottle
Born in Sydney, Ampersand Projects has once again stirred the Australian beverage market by starting to offer its drinks in a recently released ‘first to market’ range of aluminium bottles, which come with convenient packaging of resealable bottle and the ability to add whatever you want due to its wide opening. As made of aluminium, the bottles stay colder for longer and are also fully recyclable. Like always, the bottles come in a minimalistic design. “We see this as a game-changing innovation – nobody in Australia is doing this type of RTD product in this bottle format,” explained co-founder Alex Bottomley. He added, “We’ve always been a more attractive option on the shelf or menu than our competitors due to our bold, minimal design (that’s backed up with large brand awareness due to...
Compagnie des Bauxites de Guinée joins ASI as 174th Production & Transformation Member
Compagnie des Bauxites de Guinée (CBG), the world’s leading company in the bauxite sector, has joined Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of ASI members to 174. CBG operates mines in the area of Sangarédi in the north-western part of the Republic of Guinea. It produces and exports over 16 million tonnes of higher-grade bauxite per year to industries like aeronautics, automobile, electricity, packaging, and construction. CBG aligns its practices with some of the highest standards in the world in terms of health, safety, environmental and social standards, notably with those of the International Financial Company (IFC). Since the time CBG started its operations in 1973, it contributed more than US$ 5 billion to the...
A00 aluminium ingot price in China climbs to RMB18830/t; Aluminium alloy (A356) price closes at RMB300/t higher
A00 aluminium ingot price in China has jumped by RMB 320 per tonne, marking the third consecutive day of hike. According to the Shanghai Metals Market data, the surge on Friday, June 11, has brought the primary aluminium ingot price at RMB 18,830 per tonne. The average prices are expected to range between RMB 18,810 per tonne and RMB 18,850 per tonne, with spot contract likely to be traded at a premium price of RMB 30-10 per tonne. In Wuxi, Hangzhou, and Shenyang, A00 aluminium ingot price has surged by RMB 320 per tonne to come in at RMB 18,845 per tonne, RMB 18,855 per tonne, and RMB 18,810 per tonne, respectively. The price in Gongyi, Chongqing, and Tianjin has increased by RMB 300 per tonne to RMB 18,830 per tonne, RMB 18,860 per tonne, and RMB 18,810 per tonne, while Foshan and Linyi...
Primary aluminium inventories in China stand 3.67% lower at 919,000 tonnes on June 10: SMM
Primary aluminium inventories in China have extended decline this week, ending on Thursday, June 10, 2021, found the Shanghai Metals Market. Primary aluminium inventories have plunged by 35,000 tonnes or 3.67 per cent across eight major consumption areas, including SHFE warrants, to stand at 919,000 tonnes. Last week on June 3, China’s primary aluminium inventories stood at 954,000 tonnes, reflecting a downfall of 8,000 tonnes from its previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have seen the highest decline of 18,000 tonnes to 364,000 tonnes, followed by a fall of 13,000 tonnes in Nanhai to stand at 232,000 tonnes. In Gongyi, primary aluminium inventories have decreased...
NALCO’s aluminium wire rod and billets prices see a cut of more than 1% with effect from June 8
National Aluminium Company Limited (NALCO) has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, June 8, a week after it significantly raised its aluminium products prices on June 1. NALCO’s aluminium wire rod price has witnessed a cut of INR 3,400 per tonne or 1.60 per cent to INR 204,450-208,800 per tonne. NALCO’s aluminium billets price has also been reduced by INR 3,400 per tonne from INR 207,800-210,450 per tonne on June 1 to INR 204,400-207,050 per tonne on June 8. With the latest cut, NALCO’s aluminium ingot price has come in at INR 200,950-204,450 per tonne against INR 204,350-207,850 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
China’s primary aluminium production climbs 2.15% month-on-month to reach 3.32MT in May 2021
China’s primary aluminium production climbed month-on-month to stand 2.15 per cent higher in May 2021, found the Shanghai Metals Market. According to the data, the output in May (31 production days) stood at 3.32 million tonnes against 3.25 million tonnes in April (30 days). On a year-on-year calculation, production in May stood 7.95 per cent higher. Total output during January-May amounted to 16.25 million tonnes, reflecting an increase of 8.3 per cent year-on-year. Yunnan’s electricity curtailment policy resulted in a reduction of 865,000 tonnes of annual production capacity in the province. In Inner Mongolia, around 130,000 tonnes of production capacity was reduced as dual control of energy consumption became stricter. On the other hand, new capacity started. Gansu Zhongrui witnessed...
Chinese aluminium giant Chinalco targets to reach carbon peak before 2025
Aluminium Corporation of China (Chinalco), the state-owned biggest aluminium producer, has announced that it aims to bring the group’s carbon emissions to a peak before 2025, in line with the country’s climate goals. The aluminium giant has also targeted 2035 as its timeline to cut 40 per cent of carbon emissions, as said in an action plan released on Tuesday, June 8. In 2020, China President Xi Jinping had pledged to achieve carbon peak before 2030 and become carbon neutral by 2060. Aluminium production is the most-energy intensive process, and hence, the biggest contributor of carbon emissions in the nonferrous sector. Last year, aluminium production alone accounted for 65 per cent of China’s total greenhouse gas emissions. Ferrous metal producers, including top steel makers like China...
LME aluminium price gained US$20/t to settle at US$2459/t; SHFE price closed at US$24/t higher
Three-month LME aluminium increased 0.08 per cent in the overnight trading to settle at US$ 2,451.5 per tonne, and is likely to trade between US$ 2,400-2,500 per tonne today. On Wednesday, June 9, LME aluminium cash (bid) price and LME official settlement price increased for the fourth day in a row from US$ 2,439 per tonne to US$ 2,459 per tonne. 3-months bid price and 3-months offer price gained US$ 10.50 per tonne to stand at US$ 2,448.50 per tonne. However, Dec 22 bid price and Dec 22 offer price rose marginally from US$ 2,436.50 per tonne to US$ 2,437.50 per tonne. LME aluminium opening stock declined from 1653175 tonnes on June 8 to 1649750 tonnes on June 9. Live Warrants totalled 1063850 tonnes, while Cancelled Warrants stood at 585900 tonnes. LME aluminium 3-months Asian Reference...
Leading Aluminium Companies have confirmed their participation in AlCircle Expo 2021: What are you waiting for?
AlCircle is excited to welcome you all to its second virtual event “ AlCircle Expo 2021 ” as much as you are for attending it. And why not as this is the time again to reunite with old clients and make some new contacts, while exploring new business opportunities, exhibiting brands, and sharing each other’s success story. The event will virtually take place on June 29 & 30, from 9AM to 5PM GMT. On this note, we are elated to announce the first set of names who have confirmed their participation as exhibitors & sponsors. To feature your name in this list, reach us at events@alcircle.com After our successful first expo in 2020, with enormous support and inspiration from clients and patrons, we are committed to making AlCircle Expo 2021 bigger, better, and grander. Like the former, the event...
China’s alumina production in May'21 grows for the third consecutive month to 6.42 million tonnes: SMM
Shanghai Metals Market (SMM) found that China’s alumina production rose for the third consecutive month in May 2021. According to the data, China produced 6.42 million tonnes of alumina in May, which reflected an increase of 5.07 per cent from 6.11 million tonnes in April. Of 6.42 million tonnes, metallurgical grade alumina production accounted for 6.21 million tonnes in May, up 5.25 per cent from 5.9 million tonnes in the previous month. The daily average output of metallurgical grade alumina was 200,300 tonnes as it grew 1.80 per cent over the month and 11.26 per cent on the year. China’s total metallurgical grade alumina production during the first five months of 2021 (January-May) amounted to 29.43 per cent, indicating a year-on-year increase of 8.42 per cent. The uptrend in China’s...
Hindalco Industries further grows its aluminium wire rod and billets prices by INR1750/t on June 9
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices by INR 1,750 per tonne, with effect from Wednesday, June 9. The company’s aluminium wire rod price has thus come in at INR 217,600 per tonne as against INR 215,850 per tonne on June 5. Hindalco is selling its aluminium billets at INR 213,600 per tonne compared to INR 211,850 per tonne on the previous day. Aluminium ingot price is standing at INR 206,500 per tonne as of June 9, also up by INR 1,750 per tonne from INR 204,750 per tonne on June 5. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after June 4, climbed 0.21 per cent to stand at US$ 2,417.50 per tonne on June 7 and further expanded by 0.89...
