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.
Hindalco’s aluminium ingot price sees a rise of more than 1% to INR201000/t with effect from May 28
Hindalco Industries Limited has further raised its aluminium ingot and aluminium products prices for the second time in a row with effect from Friday, May 28. Hindalco’s aluminium ingot price has seen an increase of INR 3,500 per tonne or 1.77 per cent to come in at INR 201,000 per tonne. On May 26, the company’s aluminium ingot price was at INR 197,500 per tonne, climbing by INR 2,500 per tonne from the previous day. Hindalco is now selling its aluminium wire rod price at INR 212,100 per tonne with effect from May 28, also up by INR 3,500 per tonne from INR 208,600 per tonne on May 26. Hindalco’s aluminium billets price is now at INR 208,100 per tonne compared to INR 204,600 per tonne on May 26. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures...
LME aluminium price grew this week by US$99.50/t to settle at US$2404.50/t; SHFE price closed higher at US$2954/t
Three-month LME aluminium advanced 0.44 per cent to settle at US$ 2,390 per tonne on Monday but fell 0.19 per cent on Tuesday to close at US$ 2,385.50 per tonne. On Wednesday, the price rose 1.17 per cent to US$ 2,413.50 per tonne and closed higher on Thursday at US$ 2,486.50 per tonne. LME aluminium cash (bid) price and LME official settlement price increased this week during May 24-28 by US$ 99.50 per tonne. The prices started the week nosedived by US$ 98 per tonne to US$ 2,305 per tonne but rebounded through the week. On Tuesday, the prices grew to US$ 2,341 per tonne and further expanded to US$ 2,359.50 per tonne on Wednesday, May 26. On Thursday, May 27, both LME aluminium cash (bid) price and LME official settlement price extended their growth to come in at US$ 2,388 per tonne and...
Nissan invests £52 million in extra-large press line and recycling facility for aluminium scrap extraction
According to a recent report, Nissan has confirmed an investment of £52 million into its Sunderland facility for enabling the use of recycled and lightweight aluminium for the all-new Qashqai SUV. The automaker has invested in a second extra-large press line and a “cyclone” recycling facility that extracts scrap metal to be used by suppliers for the re-production of sustainable, lightweight aluminium body sheet. The lightweight recycled aluminium, stamped from aluminium alloy, will be used for the hood, doors, and front fenders of new Qashqai vehicles. Nissan claims that by the use of recycled aluminium, the body of the car will be 60kg lighter than its previous versions, which in turn will improve vehicle efficiency and lifecycle emissions as a result. As the aluminium alloy is stamped...
Novelis to supply sustainable, lightweight aluminium body sheet to Nissan for all-new Qashqai SUV
Novelis, the world leader in aluminium rolling and recycling, has announced today, May 28, that it will supply sustainable, lightweight aluminium body sheet to Nissan for the all-new Qashqai SUV and create a closed-loop recycling system in Europe. Novelis aluminium body sheet will be used in the hoods and doors of Qashqai to reduce weight and increase fuel efficiency. Through Novelis’ global Customer Solution Center network, engineers have proved to automakers that the use of aluminium doors and hoods is a cost-effective way to reduce weight. By using aluminium, the all-new Nissan Qashqai has achieved 21 kg of the total 60kg of body-in-white weight savings compared to the previous model. This demonstrates the growing trend of using aluminium in smaller vehicle segments and high-volume...
NALCO reduces its aluminium ingot price for the third time in a row to INR196,350-199,850/t
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices for the third time with effect from Thursday, May 27. NALCO’s aluminium ingot price has come in at INR 196,350-199,850 per tonne after being reduced by INR 4,000 per tonne or 2 per cent from INR 200,350-203,850 per tonne on May 22. With the latest cut, NALCO’s aluminium wire rod price is ranging between INR 199,850-204,200 per tonne compared to INR 203,850-208,200 per tonne on May 22. NALCO’s aluminium billets price has also witnessed a cut of INR 4,000 per tonne from INR 203,800-206,450 per tonne to INR 199,800-202,450 per tonne. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
A00 aluminium ingot price soars by RMB450/t to close at RMB18820/t; Aluminium alloy (A356) price mounts to RMB19550/t
A00 aluminium ingot price in China has surged by RMB 450 per tonne to come in at RMB 18,820 per tonne on Friday, May 28, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne, down by RMB 10 per tonne from the previous day. In Chongqing, primary aluminium ingot price has soared by RMB 455 per tonne to stand at RMB 18,845 per tonne, followed by the hike of RMB 450 per tonne in Gongyi and Foshan to RMB 18,810 per tonne and RMB 18,990 per tonne, respectively. In Shenyang and Tianjin, A00 aluminium ingot price has climbed by RMB 430 per tonne to peg at RMB 18,805 per tonne and RMB 18,800 per tonne, while the price in Wuxi and Hangzhou has...
Press Metal Aluminium reports double net profit in 1Q2021 on record-high aluminium prices
Press Metal Aluminium Holdings Bhd reported that its net profit doubled in the first quarter of 2021, bolstered by record-high aluminium prices. The company expects the global economy to revive further to drive demand, keeping selling prices at elevated levels. In the first three months of the year ended on March 31, Press Metal’s net profit surged to RM205.7mil or 2.55 sen a share from RM102mil or 1.27 sen a share during the corresponding period year. <iframe width="500" height="320" src="https://www.youtube.com/embed/sHerVzYDOfY" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The company’s revenue rose to RM2.1bil from 1.8bil a year ago, as declared in a filing with...
Alumina production in West Europe shrinks 10% in April 2021; Output in East & Central Europe inches up by only 1000 tonnes
In West Europe, alumina production in April 2021 stood at 440,000 tonnes, reflecting a month-on-month decline of 51,000 tonnes or 10.39 per cent, showed the International Aluminium Institute. In March, alumina production in West Europe increased by 52,000 tonnes or 11.85 per cent from 439,000 tonnes in February to 491,000 tonnes. In January 2021, West Europe’s alumina production came in at 479,000 tonnes. In the first four months of 2021, alumina output in West Europe totalled 1.849 million tonnes, down by 2.27 per cent from 1.892 million tonnes during the same period last year. On a year-on-year calculation, alumina production in West Europe in April 2021 stood 32,000 tonnes or 6.78 per cent lower than 472,000 tonnes. Alumina production in East & Central Europe, on the other hand, stood...
Primary aluminium inventories in China shed 58,000 tonnes to stand below 1 million tonnes: SMM
Primary aluminium inventories have continued to decline to stand below 1 million tonnes. According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 58,000 tonnes or 5.69 per cent across eight major consumption areas in China, including SHFE warrants, to come in at 962,000 tonnes as of Thursday, May 27. Last week on May 20, primary aluminium inventories stood at 1.02 million tonnes, losing 41,000 stocks across China, showed SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has seen the highest plunge in primary aluminium inventories today of 25,000 tonnes to come in at 386,000 tonnes, followed by the decrease of 24,000 tonnes in Gongyi to 75,000 tonnes. In Hangzhou and Nanhai,...
World alumina production declines 2.6% M-o-M but increases 6.9% on year to stand at 11.598 MT: IAI
In April 2021, world alumina production stood at 11.598 million tonnes, reflecting a month-on-month downfall of 2.63 per cent, found the International Aluminium Institute's data. In March, the output amounted to 11.911 million tonnes, climbing 2.59 per cent from 10.610 million tonnes in February 2021. In January, the output came in at 11.737 million tonnes. In the first four months of the year, alumina production across the world totalled 45.856 million tonnes – 5.12 per cent higher than 43.623 million tonnes during the same period last year. On a year-on-year calculation, world alumina production in April 2021 stood 6.90 per cent higher than 10.849 million tonnes. In Africa & Asia (ex-China), alumina production in April totalled 1.112 million tonnes, up 3.54 per cent month-on-month from...
Jiangsu Zhongji Lamination Materials Co., Ltd bags ASI’s Chain of Custody Standard Certification
Aluminium Stewearship Initiative has successfully certified Jiangsu Zhongji Lamination Materials Co., Ltd against the Chain of Custody (CoC) Standard certification for material conversion activities at the Anhui Maximum Aluminium Industries Co., Ltd. plant in Anhui Province, China. The plant’s main production processes include remelting and casting, cold rolling and finishing for manufacturing precision aluminium strip and foils. The annual production capacity of the plant is 120,000 tonnes. Earlier in December 2020, the plant achieved the ASI’s Performance Standard Certification. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Jiangsu Zhongji Lamination Materials Co., Ltd. on achieving the ASI Chain of Custody Standard Certification for their Anhui Maximum Aluminium...
LME aluminium price inched up 0.80% to close at US$2359.50/t; SHFE price grew to US$2878/t
Three-month LME aluminium rose 1.17 per cent to close at US$ 2,413.5 per tonne on Wednesday, May 26. It is expected that the contract will run upwards and trade between US$ 2,380-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 18.50 per tonne or 0.80 per cent to settle at US$ 2,359.50 per tonne on Wednesday, May 26. 3-months bid price and 3-months offer price increased by US$ 20.50 per tonne to stand at US$ 2,393 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,404 per tonne compared to US$ 2,384.50 per tonne on Tuesday, May 25. The LME aluminium opening stock continued to decline from 1733775 tonnes on May 25 to 1728375 tonnes on May 26. Live Warrants totalled 1144175 tonnes, while Cancelled Warrants stood...
US alumina imports improve 32.48% Q-o-Q to 416,000 tonnes in 1Q2021, but exports shrink 7% to 46,800 tonnes
According to the latest data shown by the US Geological Survey, the United States imported 416,000 tonnes of alumina in the first quarter of 2021. This represented a quarter-on-quarter hike of 102,000 tonnes or 32.48 per cent from 314,000 tonnes of bauxite imported in Q4 2021. On a year-on-year calculation, alumina imports by the US in Q1 2021 stood 59,000 tonnes or 16.53 per cent higher than 357,000 tonnes. Brazil remained the leading exporter of alumina to the US, supplying 220,000 tonnes in Q1 2021. The export volume from Brazil to the US in Q1 decreased quarter-on-quarter by 19,000 tonnes or 7.95 per cent from 239,000 tonnes and year-on-year by 13,000 tonnes or 5.58 per cent from 233,000 tonnes. Jamaica was the second-largest exporter delivering 77,500 tonnes, up 101.82 per cent...
Hindalco’s aluminium ingot price grows INR2500/t after five consecutive cuts in last two weeks
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices with effect from May 26 after five consecutive cuts in last two weeks. Hindalco is now selling its aluminium ingot at INR 197,500 per tonne as the price has been raised by INR 2,500 per tonne or 1.28 per cent from INR 195,000 per tonne on May 25. Hindalco has also raised its aluminium products prices by INR 2,500 per tonne, bringing its aluminium wire rod price to INR 208,600 per tonne from INR 206,100 per tonne and aluminium billets price to INR 204,600 per tonne from INR 202,100 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on May 25 increased by US$ 36 per tonne to come in at US$ 2,341 per...
United States crude and dried bauxite imports become weaker by 10.55% in Q1 2021, shows USGS data
The United States import of crude and dried bauxite further decreased on quarter and stood at 695,000 tonnes in Q1 2021 ended on March 31, found the Geological Survey data. The import plunged by 82,000 tonnes or 10.55 per cent from 777,000 tonnes in Q4 2020. On a year-on-year calculation, the United States’ crude and dried bauxite imports in Q1 2021 stood 80,000 tonnes or 10.32 per cent lower than 775,000 tonnes. Jamaica supplied 639,000 tonnes of bauxite in the first quarter, remaining the primary exporter to the US. But the export volume decreased 89,000 tonnes or 12.23 per cent from 728,000 tonnes in Q4 2020. However, year-on-year, it represented an increase of 85,000 tonnes or 15.34 per cent from 554,000 tonnes. Turkey emerged as the second-largest exporter of crude and dried bauxite...
Aditya Aluminium renders support to Jharsuguda district administration in COVID-19 combat
Aditya Birla Group company Aditya Aluminium has rendered its support to the Jharsuguda district administration for combating the COVID-19 crisis. According to a report, the smelter-power plant has donated 10 oxygen concentrators, 200 N95 masks, 200 PPE kits, 100 double-layered Sambalpuri cotton masks to the district administration. The company unit head Sameer Nayak handed over the materials to Collector Saroj Kumar Samal in presence of Dr Vivekanand Mishra, unit HR head; Satya Das, ER head; Sweta Upadhayay, CSR head; Bijaya Kumura, HR manager and Manoranjan Behera, CSR Asst Manager among many others. Besides this, Aditya Aluminium has been providing its support to the Sambalpur district administration, Rengali block administration, and the community at large for the past 18 months. It...
A00 aluminium ingot price in China gains RMB20/t to settle at RMB18390/t amid muted input costs
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to grow by RMB 20 per tonne to come in at RMB 18,390 per tonne on Wednesday, May 26. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne. However, the hike today in A00 aluminium ingot price has not touched upon all the major markets in China. For instance, in Wuxi and Hangzhou, the price has decreased by RMB 35 per tonne to stand at RMB 18,375 per tonne and RMB 18,385 per tonne, respectively. In Linyi, primary aluminium ingot price has dipped by RMB 10 per tonne to RMB 18,500 per tonne, while the price in Chongqing has remained muted at RMB 18,420 per tonne. Shenyang and Gongyi have...
Vedanta cuts its aluminium products prices by over 3%, aluminium billet price pegs at INR202750/t
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, May 25. The company has cut its aluminium billet price by INR 7,750 per tonne or 3.68 per cent to INR 202,750 per tonne. Last week on May 20, Vedanta’s aluminium billet price stood at INR 210,500 per tonne, decreasing by INR 5,500 per tonne from a day ago. With the latest cut today, Vedanta’s aluminium wire rod price has come in at INR 202,250-209,750 per tonne compared to INR 210,000-217,500 per tonne on May 20. The company is now selling its aluminium ingot price at INR 194,750-207,750 per tonne, also down by INR 7,750 per tonne from INR 202,500-215,500 per tonne last week. Vedanta links its aluminium products and aluminium ingot prices to the three-month...
