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.
1500kg aluminium cans collected on Silver Jubilee of EEG’s aluminium can recycling campaign
The 25th year of the Can Collection Day, organised by Emirates Environmental Group (EEG) on February 25, 2021, witnessed a total of 1,500kg aluminium can collection. Around 200 entities, including companies, hotels, academic institutions and families, participated in the event that helped reduce 23 metric tonnes of carbon dioxide (CO2) and save 341 million thermal units of energy as well as 36 cubic metres of landfill space. Since the inception of the campaign in 1997 as the first community-based annual recycling programme, EEG managed to collect 344,216 kg aluminium cans in total, noted Chairperson Habiba Al Mar’ashi. That resulted in several environmental benefits such as the mitigation of 5,167 metric tonnes of carbon dioxide and saving 8,356 cubic metres of landfill space and 78,338...
Twelfth International Aluminum Extrusion Technology Seminar further postpones to May 3-5, 2022
The Twelfth International Aluminum Extrusion Technology Seminar is again rescheduled to May 3-5, 2022, as declared by the Aluminum Extruders Council (AEC) and the ET Foundation this week. The event was previously postponed to May 11-13, 2021 , due to the coronavirus pandemic. The venue for the event, which is named ET 2022, has remained unchanged at Hilton Orlando, in Orlando, Florida. AEC President Jeff Henderson said, “The ET Seminar Committee and the AEC Board of Directors decided to postpone our most important aluminium extrusion industry event until we can ensure that everyone felt comfortable travelling and attending the ET Seminar." He added, "ET is an essential event for the industry, and circumstances with the limited availability of a vaccine are just too uncertain at this time...
Vedanta’s aluminium prices build-up INR7,250/t in line with highest ever jump in LME aluminium price
Vedanta Limited has raised its aluminium ingot and aluminium products prices significantly with effect from Friday, February 26, following an intervening cut on February 24. The increase in Vedanta’s aluminium prices is in line with the highest ever surge of US$ 77.50 per tonne in the LME aluminium price on Thursday, February 25. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 185,250 – 198,250 per tonne as of February 26, up by INR 7,250 per tonne from INR 178,000 – 191,000 per tonne on February 24. The company’s aluminium wire rod price has also witnessed a raise of INR 7,250 per tonne from INR 185,500 – 193,000 per tonne on February 24 to INR 192,750 – 200,250 per tonne on February 26. Vedanta’s aluminium billet price is currently hovering at 193,250 per tonne...
AMAG Austria Metall AG reports positive net income in FY2020 despite 8% decline in aluminium shipment
AMAG Austria Metall AG has reported its full-year 2020 results, significantly affected by the COVID-19 pandemic. After a satisfactory start to the first quarter of the year, considerable reductions in demand set in from the second quarter. However, a tangible recovery in the order situation was seen in AMAG’s all customer segments towards the end of the year, barring the aerospace industry, yet full-year revenue stood 4 per cent lower at EUR 904.2 million compared with EUR 1,066 million in 2019. AMAG’s total shipment volume in FY2020 stood at 404,800 tonnes, down by about 8 per cent from the previous year. EBITDA decreased from EUR 143 million in 2019 to EUR 108.2 million in 2020, attributing to the challenging market environment. Lower demand for aluminium, especially from the transport...
LME aluminium price jumps highest ever by US$77.50/t to clock at US$2223/t; SHFE price shrinks by US$35/t
Three-month LME aluminium gained 0.7 per cent to close at US$ 2,218.50 per tonne on Thursday, February 25, and is likely to move around US$ 2,180-2,240 per tonne on February 26. LME aluminium cash (bid) price and LME official settlement price extended its upswing trend by US$ 77.50 per tonne or 3.61 per cent on Thursday, February 25, to stand at US$ 2223 per tonne. This marks the highest jump ever by the LME aluminium price. 3-months bid price and 3-months offer price came in at US$ 2227 per tonne, soaring by US$ 69.50 per tonne from US$ 2157.50 per tonne on February 24. Dec 22 bid price and Dec 22 offer price hovered around US$ 2272.50 per tonne compared with US$ 2210.50 per tonne on February 24. The LME aluminium opening stock further decreased from 1337700 tonnes to 1332525 tonnes on...
A00 aluminium ingot price downswings to RMB17270/t after soaring last day; Aluminium alloy(A356) price shrinks below RMB18000/t
A00 aluminium ingot price has recorded a plunge of RMB 290 per tonne to close the week on Friday, February 26, at RMB 17,270 per tonne, following a sweeping rise of RMB 820 per tonne to RMB 17,560 per tonne on February 25, found the Shanghai Metals Market. The average prices are likely to range between RMB 17,250 per tonne and RMB 17,290 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne, down by RMB 10 per tonne from the previous day. Foshan has seen the highest decrease of RMB 280 per tonne to RMB 17,280 per tonne, followed by the decline of RMB 275 per tonne in Wuxi to RMB 17,250 per tonne. In Gongyi and Chongqing, A00 aluminium ingot price has shrunk by RMB 260 per tonne to come in at RMB 17,100 per tonne and RMB 17,270 per tonne, respectively, while...
Rusal America to supply 100,000 tonnes of low-carbon aluminium slab to Almexa through 5-years contract
According to a recent report, Rusal America Corporation (RAC) will supply 100,000 tonnes of low-carbon aluminium slab to Almexa, a leading manufacturer of aluminium rolled products in Latin America. The news came after Rusal America officially announced that it entered a five-year aluminium slab supply contract with Almexa. To date, Rusal America, in which En+ Group holds 48.1 per cent stake, has delivered 4,800 metric tonnes of the world’s greenest aluminium slabs under its flagship ultra-low-carbon aluminium brand ALLOW. According to the contract, RAC will feed its aluminium slabs to Almexa’s existing plant in Mexico City to help the latter position itself as one of the greenest and most competitive mills in North America and achieve the growing determination to source materials in a...
En+ Group to replace hydraulic units at Bratsk HPP to reduce greenhouse gas emissions by 2.3 MTPA
En+ Group, the world’s leading producer of low-carbon aluminium and largest private sector generator of hydropower, announced that it again indulged in a large-scale “New Energy" modernisation programme by replacing six hydraulic units at the Group’s Bratsk HPP. The replacement works, to be taken place from 2021 to 2026, would cost more than 1.5 billion roubles for this stage. The outcome of the project will see all 18 impellers replaced, of which 12 had already been replaced at the earlier stages of the modernisation programme during 2007-10 and 2014-17. Russian specialists have completed several months of testing on the new hydro turbine model, as well as tests on its operation in various load modes. Mikhail Hardikov, head of En+ Group's energy sector, said: "We are continuing our work...
China's primary aluminium inventories extend week-on-week growth by 181,000 tonnes to 1.082MT
Social inventories of primary aluminium in China have continued to grow this week, ending on Thursday, February 25, according to the Shanghai Metals Market. Data shows inventories have expanded across eight major Chinese consumption areas, including SHFE warrants, to come in at 1.082 million tonnes, reflecting a week-on-week hike of 181,000 tonnes from 901,000 tonnes on February 18 and an increase of 58,000 tonnes from 1.022 million tonnes on February 22. Higher arrivals of stocks to Wuxi, Nanhai, and Gongyi have primarily contributed to the further rise in China’s primary aluminium inventories. Wuxi has seen a jump of 102,000 tonnes in primary aluminium inventories week-on-week to 410,000 tonnes on February 25, followed by a surge of 42,000 tonnes in Nanhai to 248,000 tonnes. In Gongyi,...
US aluminium scrap exports to Malaysia stand flat M-o-M in November 2020 but reflect a hike of 6.75% on year
The United States aluminium scrap exports to Malaysia in November 2020 stood almost flat month-on-month at 44,300 tonnes, found the US Geological Survey. In October, the US scrap exports to Malaysia came in at 44,800 tonnes, registering a surge of 7,200 tonnes or 19.15 per cent from 37,600 tonnes in September 2020. In August, aluminium scrap exports from the US to Malaysia stood at 41,300 tonnes, meaning the exports in October saw a decline of 3,700 tonnes or 8.96 per tonne month-on-month. On a year-on-year basis, the United States aluminium scrap exports to Malaysia in November 2020 stood 2,800 tonnes or 6.75 per cent higher than 41,500 tonnes. During January-November 2020, the United States aluminium scrap exports to Malaysia amounted to 382,000 tonnes - significantly up by 48.64 per...
LME aluminium price closed 0.42% higher at US$2145.50/t; SHFE price soared by US$104/t to US$2700/t
Three-month LME aluminium jumped 2.27 per cent to settle at US$ 2203 per tonne on Wednesday, with open interest adding 2,677 lots to 700,000 lots. It is likely to fluctuate between US$ 2000-2200 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 9 per tonne or 0.42 per cent on Wednesday, February 24, to stand at US$ 2145.50 per tonne, following a decline from US$ 17 per tonne to US$ 2136.50 per tonne on Tuesday, February 23. 3-months bid price and 3-months offer price came in at US$ 2157.50 per tonne, also up by US$ 9 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2210.50 per tonne compared with US$ 2202.50 per tonne on February 23. The LME aluminium opening stock continued to decrease from 1343075 tonnes to 1337700...
North America’s primary aluminium production reflects 3% growth YoY in Jan’2021; Output in South America lowers 3,000 tonnes
In January 2021, primary aluminium production in North America stood at 340,000 tonnes, reflecting a continuous increase by 2,000 tonnes or 0.60 per cent month-on-month. In December 2020, the output registered a growth of 10,000 tonnes or 3.05 per cent to 338,000 tonnes from 328,000 tonnes in November. In the Q4 2020, North America’s aluminium production totalled 1 million tonnes, up by 1.94 per cent sequentially. On a year-on-year basis, primary aluminium production in North America edged 10,000 tonnes or 3.03 per cent higher in January 2020 from 330,000 tonnes. In the full-year of 2020, North America churned out 3.976 million tonnes, down by 4.38 per cent from 3.809 million tonnes in 2019. South America’s primary aluminium production in January 2021 increased 3,000 tonnes or 3.26 per...
Ardagh chairman looks forward to expand aluminium can business with its new New-York listed entity
Paul Richard Coulson, the largest shareholder and chairman of Ardagh Group, is reportedly shifting his attention to aluminium cans with the creation of a New York-listed Ardagh Metal Packaging (AMP). Aluminium cans are high in demand and easier and cheaper to recycle than glass packaging, which makes the new listed entity an attractive business to investors, said Mr Coulson. Ardagh Metal Packaging (AMP) has a leading presence in the US and is the second-largest beverage can producer in Europe and the third-largest in North America and Brazil. According to Mr Coulson, AMP’s beverage cans are performing strongly in many parts of the US and generating abundant business for the Ardagh Group, which has more than 16,000 employees and customers like Diageo, Heineken, Pernod Ricard, Nestle, and...
Arconic earns 3% higher revenue in Q4 FY2020 despite decline in aluminium sales amid COVID-19
Arconic Corporation, an American industrial company specializing in lightweight metals engineering and manufacturing, announced its performance and financial results on February 23, 2021, revealing a 14 per cent year-on-year decline in aluminium sales to US$ 1.5 billion in the fourth quarter of 2020. Arconic CEO Timothy Donald Myers attributed the fall to weaker shipments to the aerospace industry. Sales in the full-year stood at US$ 5.7 billion, down 22 per cent from the previous year. Myers forecasts sales to remain depressed year-on-year through the first half of 2021. He said, "Large commercial aircraft build rates remain soft as uncertainty in the airline industry continues to curb demand. As a result, elevated inventory in the supply chain and subsequent destocking is driving the...
China’s alumina spot price shrinks by RMB18/t to RMB2344/t; A00 aluminium ingot price stands at RMB16740/t
The average alumina spot price in China has slipped by RMB 18 per tonne to stand at RMB 2,344 per tonne on Wednesday, February 24, after two consecutive days of restraint at RMB 2,362 per tonne on February 22 and 23, found the Shanghai Metals Market. SMM data shows the alumina spot price in Shandong has decreased the highest by RMB 35 per tonne to RMB 2,355 per tonne, while the price in Henan and Shanxi has declined by RMB 20 per tonne to come in at RMB 2,340 per tonne. In Guizhou and Guangxi, the average alumina spot price has inched down by RMB 5 per tonne to peg at RMB 2,360 per tonne. Australian alumina FOB price has continued to remain restrained at US$ 303 per tonne since February 4, 2021, learned SMM. A00 aluminium ingot price has also witnessed a decline today, on February 24,...
NanoAl to bring its advanced aluminium alloy powders to Asia Market in partnership with Mitsubishi Corporation
According to a recent report, NanoAL, LLC, the US-based materials research and technology company, has entered a Commercial License Agreement with Mitsubishi Corporation RtM Japan Ltd. (RtMJ) to bring its award-winning Addalloy® family of advanced aluminium alloy powders to the Metal Additive Manufacturing (AM) Market in Asia. The companies have also signed a letter of intent for potential partnerships on other NanoAL advanced aluminium alloy products, including casting and rolled sheets for the automotive and other industries. “This announcement is an enormous signal of the market need for Addalloy powders. In partnership with RtMJ, a wholly owned subsidiary of Mitsubishi Corporation, a global integrated business enterprise, we will now be able to reach across the globe to deliver the...
Primary aluminium production in East & Central Europe grows marginally M-o-M in January 2021
In East & Central Europe, primary aluminium production stood at 353,000 tonnes in January 2021, registering a slight rise of 1,000 tonnes or 0.28 per cent month-on-month. Primary aluminium output in December grew 12,000 tonnes or 3.53 per cent from 340,000 tonnes in November 2020. In the last quarter (Q4) of 2020, primary aluminium production in East & Central Europe amounted to 1.043 million tonnes, bringing the total output in 2020 to 4.153 million tonnes. On a year-on-year basis, primary aluminium output in East & Central Europe stood down by 3,000 tonnes or 0.84 per cent from 356,000 tonnes. In West Europe, primary aluminium production in January 2021 saw an increase of 3,000 tonnes or 1.06 per cent month-on-month. From 282,000 tonnes in December 2020, the output in West Europe grew...
China's primary aluminium inventories witness an expansion of 121,000 tonnes to stand above 1 million tonnes
On Monday, February 22, social inventories of primary aluminium expanded by 121,000 tonnes across eight major consumption areas in China, including SHFE warrants, found the Shanghai Metals Market. SMM data showed inventories stood at 1.022 million tonnes on February 22 compared to 901,000 tonnes on February 18. Higher arrivals of stocks to Wuxi, Nanhai, and Gongyi primarily contributed to the increase in primary aluminium inventories on February 22. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi saw the highest growth in inventories of 70,000 tonnes to stand at 378,000 tonnes on February 22, followed by the hike of 27,000 tonnes in Nanhai to 233,000 tonnes. In Gongyi, primary aluminium inventories rose 19,000 tonnes to...
