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.
LME aluminium price shrinks 3% to close at US$2474/t; SHFE price declines by US$21/t to US$3068/t
Three-month LME aluminium fell 1.46 per cent to close at US$ 2,496 per tonne on Wednesday, May 12. It is expected that the contract will trade between US$ 2,450-2,520 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second day in a row to stand at US$ 2,474 per tonne on Wednesday, May 12, down by US$ 75.50 per tonne or 2.96 per cent from May 11. 3-months bid price and 3-months offer price declined by US$ 72.50 per tonne from US$ 2,565 per tonne to US$ 2,492.50 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,488 per tonne on Wednesday, reflecting a downtrend of US$ 60 per tonne from US$ 2,548 per tonne. The LME aluminium opening stock continued to decrease from 1780900 tonnes on May 11 to 1772700 tonnes on May 12. Live...
AAI calls for immediate implementation of 5% RoDTEP for Indian Aluminium Industry to tackle COVID Crisis
The Aluminium Association of India (AAI) has requested the implementation of RoDTEP Scheme (Remission of Duties or Taxes on Export Products) for Indian Aluminium Industry on an immediate basis. The news came after senior officials of the ministries of Commerce & Industry and Finance & Corporate Affairs wrote a letter expressing the urgent need for at least 5 per cent remission rates for the Indian Aluminium Sector under RoDTEP Scheme to survive these challenging times. The Aluminium Association of India also requested a separate budget allocation for the aluminium industry to realise the immense potential to double aluminium exports in the next 2-3 years. AAI also asked the government to notify the actual remission rates as per actual sectoral data submitted to the RoDTEP Committee. The...
China Hongqiao Group and Scholz Recycling JV to start a recycled aluminium producing plant in 2021
According to a recent report, the world’s top private-sector Chinese aluminium maker China Hongqiao Group will put a secondary aluminium plant into operation at its home province in Shandong at the end of 2021. The Group said it is a joint project with Germany’s Scholz Recycling. The facility will be located in an industrial park in Zouping and will process 500,000 tonnes per year of aluminium scrap, reducing average annual carbon emission by 1.9 million tonnes. Like other aluminium producers in China, Hongqiao Group is looking forward to using more scrap and tap cleaner power sources for the energy-intensive smelting process to cut environmental footprint and lower emissions. Already in March, the Group announced that it would publish lower carbon emission target and the avenues to...
Constellium participates in Greenhouse Gas Emission Reduction Programme ACHIEF
Constellium NV, globally known for aluminium value-added products, announced on Monday, May 10, that it joined a European project ACHIEF - Innovative high-performance Alloys and Coatings for highly efficient intensive energy processes. The project was launched in October 2020, aiming at helping the Energy Intensive Industrial sector reduce the overall consumption of process energy by using new high-performance materials and protective coatings. The programme gathers 11 partners from six European countries plus Turkey. Based on specifications and operational parameters and by using an artificial intelligence tool, ACHIEF will propose novel alloy compositions and coatings. The performance and efficiency of the proposed materials solutions and protective layers will be evaluated in three use...
NALCO’s aluminium ingot price mounts to INR214,350-217,850/t as LME aluminium benchmark price surges
National Aluminium Company Limited (NALCO) has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, May 11. NALCO’s aluminium ingot price has witnessed a surge of INR 7,500 per tonne to range between INR 214,350-217,850 per tonne. More than a week ago, on May 1, NALCO’s aluminium ingot price stood at INR 206,850-210,350 per tonne, climbing by INR 1,800 per tonne or 0.88 per cent. With the latest hike on May 11, NALCO’s aluminium wire rod price stood at INR 217,850-222,200 per tonne, up by INR 7,500 per tonne as well from INR 210,350-214,700 per tonne on May 1. The company is currently selling its aluminium billets at INR 217,800-220,450 per tonne compared to INR 210,300 – 212,950 per tonne on May 1. NALCO, like any other Indian aluminium producer,...
A00 aluminium ingot price in China gains RMB160/t to settle at RMB19980/t; Aluminium alloys prices build-up by RMB100/t
A00 aluminium ingot price in China has recorded an increase of RMB 160 per tonne to stand at RMB 19,980 per tonne on Wednesday, May 12, following a plunge last day from RMB 20,030 per tonne to RMB 19,820 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 19,960 per tonne and RMB 20,000 per tonne, with spot contract to be traded at a premium price of RMB 40-0 per tonne. In Foshan, A00 aluminium ingot price has surged by RMB 200 per tonne to come in at RMB 20,050 per tonne, followed by the increase of RMB 180 per tonne in Chongqing to RMB 19,950 per tonne. In Shenyang, primary aluminium ingot price has climbed by RMB 175 per tonne to RMB 19,980 per tonne, while the price in Linyi and Wuxi has grown by RMB 160 per tonne and RMB 155 per...
Nigerian Aluminium Smelter ALSCON set to return to full capacity as Government approves power supply
The Federal Government of Nigeria has reportedly approved a power supply to ALSCON, the Aluminium Smelter Company of Nigeria, to help it return to its full production capacity. The news came after the Minister of State for Mines and Steel Development Dr. Uchechukwu Sampson Ogah made an official announcement during his extensive tour of ALSCON facility in Ikot-Abasi, Akwa Ibom State. During the announcement, Minister also communicated that the smelter would create jobs for about two thousand Nigerians once returned to full operations. He ensured all necessary support on behalf of the government to see the plant up and running. Applauding the approval of power supply to the plant, Managing Director of the smelter Zavalov Dmitry called for the provision of an alternative source of gas...
Malaysia’s aluminium scrap imports from US record a 14% hike M-o-M to 36,700 tonnes in February 2021
Malaysia’s aluminium scrap imports from the United States edged 4,500 tonnes or 13.98 per cent higher month-on-month to 36,700 tonnes in February 2021, found the US Geological Survey data. In January, Malaysia imported 32,200 tonnes of aluminium scrap from the US, down by 4,200 tonnes or 11.54 per cent from 36,400 tonnes in December 2020. The USGS data also found that Malaysia’s aluminium scrap imports from the US increased year-on-year in February 2021 by 63.11 per cent from 22,500 tonnes. In the first two months of 2021, Malaysia’s total aluminium scrap imports from the US amounted to 68,900 tonnes – 40.61 per cent higher than 49,000 tonnes during the same period last year. Malaysia’s total aluminium imports (including aluminium crude metals and alloys and aluminium plates, sheets and...
Mining Industry Indonesia assigns $2 billion annual capex with focus on building alumina refinery
Mining Industry Indonesia (MIND ID) has assigned a capital expenditure (capex) of Rp 29 trillion (US$2.05 billion) for the year 2021, with a focus on developing an alumina refinery. MIND ID president director Orias Petrus Moedak said last week that of the total allotted fund, Rp 2 trillion would be used for working capital while the remaining amount toward strategic projects in the pipeline, including metal smelters and a coal gasification facility. However, a maximum chunk of the project capex is reserved for an alumina refinery worth between 700 million and $800 million. The refinery is planned to be having a capacity of grading 1 million tonnes of alumina per annum, and its operation is estimated to begin in 2023. “That funding is around 70 percent of the [alumina] project’s total...
LME aluminium price continues to grow for the fourth consecutive day to US$2565/t; SHFE price declines to US$3087/t
Three-month LME aluminium fell 0.1 per cent to close at US$ 2,529.5 per tonne on Monday, May 10. It is expected to trade between US$ 2,500-2,580 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to increase for the fourth day in a row to stand at US$ 2,565 per tonne as of Monday, March 10. 3-months bid price and 3-months offer price grew from US$ 2,523.50 per tonne to US$ 2,577 per tonne. Dec 22 bid price and Dec 22 offer price came in at US$ 2,550 per tonne on Monday, increasing by US$ 47 per tonne from US$ 2,503 per tonne. The LME aluminium opening stock decreased from 1797100 tonnes on May 7 to 1789725 tonnes on May 10. Live Warrants totalled 1223600 tonnes, while Cancelled Warrants stood at 566125 tonnes. LME aluminium 3-months Asian Reference...
Vedanta Aluminium banking on Smart Technology and Digital Solutions to sustain production amid COVID
Vedanta Aluminium & Power Business has accelerated the use of cutting-edge technologies and digital solutions to protect the workforce against the COVID-19 and sustain production to meet India’s needs for aluminium. The news came after Vedanta said that it integrated the best-in-class digital solutions in operations to build efficiencies and optimise costs and raw material consumptions for becoming the world’s leading producer of the ‘Green Metal’ aluminium. Vedanta said, "Implementation of automation and digitalization solutions at its plants have enabled the company to produce high-quality aluminium and value-added products for critical industry sectors, while also providing a step-change in health, safety & environment (HSE) performance parameters.” Ajay Kapur, CEO of Aluminium & Power...
Dr Wang Yancheng joins SMM’s new London Office as Managing Director
Shanghai Metals Market has established a new overseas office in London in May 2021, the second overseas establishment after Singapore office on September 1, 2017. In order to provide international customers with more professional and high level services as a leading research institution and portal website for non-ferrous metals in China, SMM has appointed Dr Wang Yancheng, a well-known analyst in the global aluminium industry, as a managing director in the London office. Before joining SMM, Dr Wang Yancheng was the principal analyst at CRU and the head of Chinese aluminium market research. He worked at CRU for 15 years. Dr Wang’s areas of expertise include aluminium, alumina, bauxite, downstream, recycling, and power/energy market analysis, cost modelling, and value assessment of...
Hindalco raises its aluminium wire rod and billets prices by INR2750/t on the second consecutive day
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices for two consecutive days last week. Following a hike of INR 3,250 per tonne on May 7, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,750 per tonne or 1.24 per cent on May 8 to stand at INR 225,350 per tonne. Hindalco’s aluminium billets price came in at INR 221,350 per tonne on May 8, which was also up by INR 2,750 per tonne from INR 218,600 per tonne on May 7. With effect from May 8, the company has been selling its aluminium ingot at INR 214,250 per tonne compared to INR 211,500 a day ago. Hindalco links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which on Friday, May 7, further extended its growth to close the...
A00 aluminium ingot price in China soars above RMB20,000/t; Alumina price gains RMB25/t
A00 aluminium ingot price in China has continued to rise and exceeded RMB 20,000 per tonne level on Monday, May 10. According to the Shanghai Metals Market, the price has jumped by RMB 340 per tonne to reach a new high of RMB 20,030 per tonne, with average prices likely to range between RMB 20,010 per tonne and RMB 20,050 per tonne and spot contract to be traded at a premium price of RMB 80-40 per tonne. In Tianjin, A00 aluminium ingot price has soared by RMB 390 per tonne to come in at RMB 20,020 per tonne on May 10, followed by the surge of RMB 365 per tonne in Shenyang to RMB 20,025 per tonne. In Gongyi and Foshan, primary aluminium ingot price has increased by RMB 350 per tonne and RMB 340 per tonne to clock in at RMB 19,900 per tonne and RMB 20,040 per tonne, while the price in Wuxi,...
Vedanta’s aluminium ingot price grows for the fourth time in a row by 1.5% w.e.f. May 7
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Friday, May 7. The last raise was a week ago, on April 30, by INR 2,250 per tonne. This week, Vedanta’s aluminium ingot price has witnessed an increase of INR 3,250 per tonne or 1.50 per cent to INR 211,250-224,250 per tonne from INR 208,000-221,000 per tonne last week. Vedanta’s aluminium billets price is currently standing at INR 219,250 per tonne, which has also seen a rise of INR 3,250 per tonne from INR 216,000 tonnes on April 30. The company’s aluminium wire rod price is ranging between INR 218,750-226,250 per tonne compared to INR 215,500-223,000 per tonne in a week ago. Vedanta links its aluminium products and aluminium ingot prices to the three-month...
Hindalco's aluminium billets and aluminium wire rod prices build-up INR3250/t on May 7
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices with effect from May 7. Hindalco’s aluminium billets price this week has witnessed a hike of INR 3,250 per tonne or 1.51 per cent to INR 218,600 per tonne, in comparison with INR 215,350 per tonne on April 30. Hindalco’s aluminium wire rod price has come in at INR 222,600 per tonne, also up by INR 3,250 per tonne from INR 219,350 per tonne last week. The company’s aluminium ingot price is standing at INR 211,500 per tonne compared to INR 208,250 per tonne on April 30. Hindalco links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which grew this week to stand at US$ 2,476.50 per tonne as of May 6. On a...
Tiwai Point Aluminium Smelter to cut production for reducing electricity usage
The Tiwai Point Aluminium Smelter will reportedly cut its production for reducing electricity usage by about 11 megawatts, as it has been receiving warnings over the continuing power market squeeze. This electricity cut is on top of the earlier 6 megawatts, reducing Tiwai’s energy consumption to 55MW. It is the latest smelter in a line of industrial power users that have curbed production to reduce electricity usage in response to unfolding power crises triggered by low rainfall, gas production problems, and a long period of relatively low investment in new power generation. John Harbord, chairman of the Major Electricity Users Group, said that businesses that were contemplating to re-hedge electricity in the second half of the year faced a hedge price hike by up to 100 per cent compared...
Rick Hindley to join PodBack to supervise its aluminium coffee pods recycling programme; Resigns Alupro as Executive Director
According to a recent report, Rick Hindley has resigned as Executive Director of the Aluminium Packaging Recycling Organisation (Alupro) to join the coffee pod recycling service PodBack, which launched a first-of-its-kind recycling programme for aluminium coffee pods last month. Mr Hindley’s 15 years of experience in the aluminium packaging recycling sector is believed to contribute extensively to PodBack’s new recycling scheme. Hindley also knows the local authority sector well as there are some concerns among council recycling officers over the merits of the use of pods for making coffee. In an earlier statement, Alupro said that Tom Gidding would replace Mr Hindley on an interim basis as the organisation’s sustainability and public affairs manager. Alupro’s chairman Derek Peden...
