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.
ASI certifies Jiangsu Zhongji Lamination Materials Co., Ltd.’s aluminium casting and cold rolling facility
Aluminium Stewardship Initiative announced on Tuesday, February 23, that it certified Jiangsu Zhongji Lamination Materials Co., Ltd. against Performance 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 and cold rolling and finishing to manufacture precision aluminium strips, with an annual capacity of 120,000 tonnes. Fiona Solomon, Chief Executive Officer at ASI said, “ASI congratulates Jiangsu Zhongji Lamination Materials Co., Ltd. on their Performance Standard certification covering their Anhui Maximum Aluminium Industries Co., Ltd. facility. We are pleased to see the company continue to extend the number of ASI Certified...
LME aluminium price edged nearly 1% higher to US$2153.50/t; SHFE price rose to US$2598/t
Three-month LME aluminium gained 1.83 per cent to settle at US$ 2,175 per tonne on Monday, with open interest adding 4,910 lots to 694,000 lots. LME aluminium cash (bid) price and LME official settlement price grew by US$ 18.50 per tonne on Monday, February 22 to reach at US$ 2153.50 per tonne, following a decline from US$ 2147 per tonne to US$ 2135 per tonne on Friday, February 19. 3-months bid price and 3-months offer price rebounded to US$ 2161.50 per tonne from US$ 2150.50 per tonne on Friday. Dec 22 bid price and Dec 22 offer price hovered around US$ 2211 per tonne, up by US$ 11.50 per tonne from the previous day. The LME aluminium opening stock decreased from 1354150 tonnes to 1349150 tonnes on February 22. Live Warrants totalled 1128100 tonnes, while Cancelled Warrants stood at...
World primary aluminium production grows 4% Y-o-Y to 5.707MT in January 2021; Output in China stands flat M-o-M
World primary aluminium production began the year 2021 with a slight rise of 0.23 per cent month-on-month to 5.707 million tonnes in January. On a year-on-year calculation, the output stood higher by 4.29 per cent from 5.472 million tonnes. In December 2020, world primary aluminium production stood at 5.694 million tonnes, up by 3.41 per cent from 5.506 million tonnes in November. China, the highest primary aluminium producer in the world, churned out the same amount of primary aluminium in January 2021 as in the previous month at 3.3 million tonnes. On a year-on-year basis, the production in January this year stood 6.9 per cent higher than 3.087 million tonnes. Followed by China, the GCC countries were the second highest producer of primary aluminium in January 2021. They produced...
Ball Corporation, Molson Coors relying on additional aluminium cans production & sourcing to combat supply shortage
The on-going shortage of aluminium cans due to the COVID-19 pandemic is likely to prevail and constrain beverage makers, according to Ball Corporation President Daniel Fisher. He projects the demand for aluminium cans will outstrip supply well into 2023. Ball CEO John Hayes has warned the beverage companies considering using aluminium cans saying that the company is capacity constrained and there are no adequate cans to supply. On the other hand, for Molson Coors, a multinational drink and brewing company headquartered in Chicago, shortage of cans has become less severe due to expanded sourcing efforts. Molson Coors has leaned on additional sourcing from four continents to shore up its inventory and also completed a production line for about 750 million sleek cans annually. It expects...
US aluminium crude metals and alloys imports from Canada stand 3.09% lower Y-o-Y to 157,000 tonnes
The United States aluminium crude metals and alloys imports from Canada stood flat at 157,000 tonnes in November 2020 compared to the imports of 158,000 tonnes in the previous month, according to the US Geological Survey. However, the United States aluminium semis imports in October grew by 7,000 tonnes or 4.64 per cent from 151,000 tonnes in September. The imports in August were at 205,000 tonnes, meaning the US saw a monthly decline of 26.34 per cent in September 2020. On a year-on-year basis, the United States aluminium crude metals and alloys imports from Canada stood 3.09 per cent or 5,000 tonnes lower than 162,000 tonnes. The United States aluminium semis imports from Canada in the eleven months of the year amounted to 2.14 million tonnes, up by 14.44 per cent from 1.87 million...
China’s A00 aluminium ingot price soars by RMB300/t to stand above RMB16,500/t: SMM
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to surge by RMB 300 per tonne on Monday, February 21, to stand at RMB 16,730 per tonne, the highest since the beginning of 2021. The average price are expected to range between RMB 16,710 per tonne and RMB 16,750 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne, up by RMB 20 per tonne from the previous day. In Linyi, A00 aluminium ingot price has increased the highest by RMB 340 per tonne to come in at RMB 16,690 per tonne, followed by the hike of RMB 335 per tonne and RMB 330 per tonne in Hangzhou and Shenyang to stand at RMB 16,775 per tonne and RMB 16,715 per tonne, respectively. In Foshan and Wuxi, primary aluminium ingot price has grown by RMB 320 per tonne to RMB...
LME aluminium price surged by US$56/t during February 15-19; SHFE opened the market after CNY holiday at US$2527/t
Benchmark aluminium price on the London Metal Exchange increased by 2.69 per cent throughout the week during February 15-19, 2021. Both LME aluminium cash (bid) price and LME official settlement price recorded a surge during February 15-19 from US$ 2079 per tonne to US$ 2135 per tonne – an increase of US$ 56 per tonne. However, on Tuesday, February 16, the prices dipped by US$ 2 per tonne from US$ 2079 per tonne on Monday to US$ 2077 per tonne. On Wednesday, they hiked to US$ 2096.50 per tonne, which further expanded by US$ 50.50 per tonne to reach at US$ 2147 per tonne on Thursday, February 18. On Friday, February 19, LME prices shredded US$ 12 per tonne to close the week at US$ 2135 per tonne. 3-months bid price and 3-months offer price ranged between US$2082.50 per tonne and US$...
Vedanta Limited expands its aluminium wire rod and billets prices by 2% with effect from February 19
Vedanta Limited has continued to increase its aluminium products and aluminium ingot prices with effect from Friday, February 19. The company’s aluminium wire rod price has come in at INR 187,250 – 194,750 per tonne, up significantly by INR 3,750 per tonne or 2.04 per cent from INR 183,500—191,000 per tonne on February 18. Vedanta’s aluminium billets price has also been raised by INR 3,750 per tonne from INR 184,000 per tonne on February 18 to INR 187,750 per tonne on February 19. With the latest hike, aluminium ingot price has come in at INR 179,750 – 192,750 per tonne in comparison with INR 176,000-189,000 per tonne on the previous day. The Indian aluminium producers generally link aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal...
NALCO’s aluminium ingot and products prices soar by INR5400/t with effect from February 19
National Aluminium Company Limited (NALCO) has continued to increase its aluminium ingot and aluminium products prices for the third time in a row, with effect from Friday, February 19. NALCO is currently selling its aluminium ingot at INR 179,850 – 183,350 per tonne compared to INR 174,450 - 177,950 per tonne on February 13. This reflects a surge of INR 5,400 per tonne or 3.1 per cent. NALCO’s aluminium wire rod price has come in at INR 183,350 – 187,700 per tonne, also up by INR 5,400 per tonne from INR 177,950 - 182,300 per tonne a week ago. Aluminium billets price is hovering around INR 183300 – 185950 per tonne in comparison with INR 177,900 - 180,550 per tonne on February 13. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to...
Century Aluminum’s net sales decline 12.6% in 2020 amid flat shipments at 811,176 tonnes
US-based primary aluminium producer Century Aluminum Company has announced its fourth-quarter and full-year results of 2020, revealing a drop of 1 per cent in net sales in Q4 2020 to US$ 389.1 million from US$ 392.9 million in Q3 2020. That was primarily due to the decline in shipments from 203,022 tonnes in Q3 to 194,940 tonnes in Q4, however, partially offset by higher aluminium prices. Net sales in the full-year decreased US$ 231.50 million or 12.60 per cent from US$ 1,836.6 million in FY19 to US$ 1,605.1 million in FY20, despite shipments stood flat year-on-year at 811,176 tonnes compared to 811,244 tonnes. Century reported a net loss of US$ 35.5 million in Q4 2020, an improvement of US$ 22.7 million sequentially owing to higher metal prices. However, in the full-year, the company’s...
Rio Tinto’s 2020 results reflect strong performance: Net earnings surge 22% YoY to US$ 9,769 million
Rio Tinto has reported the full-year results of 2020, revealing a strong performance and successful response to the COVID-19 pandemic. Its net earnings grew year-on-year by 22 per cent from US$ 8,010 million to US$ 9,769 million, while its net cash generated from operating activities increased 6 per cent from US$ 14,912 million to US$ 15,875 million driven by robust operating performance. Consolidated sales revenue saw a hike of 3 per cent at the end of 2020 from US$ 43,165 million in 2019 to US$ 44,611 million. Underlying EBITDA grew 13 per cent year-on-year from US$ 21,197 million to US$ 23,902 million, attributing to the agility and resilience of the business and employees, coupled with strong commodity prices, noted Rio Tinto’s Chief Executive Jakob Stausholm. Mr Stausholm said,...
LME aluminium price climbed 2.41% to stand at US$2147/t; SHFE price gained US$21/t to US$2548/t
The LME complex performed similarly on Thursday, with aluminium increased 1.35 per cent. Benchmark aluminium price on the London Metal Exchange edged 2.41 per cent higher on Thursday, February 18. LME aluminium cash (bid) price and LME official settlement price continued to increase to reach at US$ 2147 per tonne on Thursday, February 18, from US$ 2096.50 per tonne on Wednesday. 3-months bid price and 3-months offer price came in at US$ 2161 per tonne, soaring by US$ 57.50 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered around US$ 2209.50 per tonne. The LME aluminium opening stock decreased from 1365375 tonnes to 1360850 tonnes on February 18. Live Warrants totalled 1131850 tonnes, while Cancelled Warrants stood at 229000 tonnes. LME aluminium 3-months...
China's primary aluminium inventories mount to 901,000 tonnes during the Chinese New Year Holiday
According to the Shanghai Metals Market, social inventories of primary aluminium have expanded by 126,000 tonnes during the Chinese New Year Holiday ended on February 17, 2021. SMM data shows that as of Thursday, February 18, the inventories are standing at 901,000 tonnes across the eight major Chinese consumption areas, including SHFE warrants, in comparison with 775,000 tonnes on last Wednesday, February 10. Last week, China’s primary aluminium inventories built up 61,000 tonnes week-on-week, primarily attributing to the increase of stocks in Wuxi, Hangzhou, and Gongyi. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi and Gongyi, primary aluminium inventories have surged by 42,000 tonnes to come in at 308,000 tonnes and...
ASI certifies Gränges against Provisional Performance Standard Certification for aluminium casting and rolling operations
Gränges has reportedly received the Provisional Performance Standard Certification from Aluminium Stewardship Initiative for casting and rolling operations at its Finspång AB plant in Sweden. The facility has been producing rolled strips and sheets of aluminium destined for the automotive sector. It currently has an annual production capacity of 100,000 tonnes. The news came today, on February 18, after the Aluminium Stewardship Initiative announced that it certified the Gränges facility in Finspång with Provisional Certification under the ASI Interim Policy regarding Audits, Audit-Related Travel and Coronavirus. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly congratulate Gränges on achieving ASI Performance Standard Certification with Provisional status at their Finspång...
Vedanta’s aluminium ingot price grows for the fifth time in a row to INR176,000-189,000/t on February 18
Vedanta Limited has further increased its aluminium ingot and aluminium products prices for the fifth consecutive time, with effect from Thursday, February 18. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 176,000-189,000 per tonne, up by INR 2,000 per tonne or 1.15 per cent from INR 174,000 – 187,000 per tonne a week ago. Vedanta’s aluminium wire rod price is currently hovering around INR 183,500—191,000 per tonne compared to INR 181,500-189,000 per tonne on February 11. The company's aluminium billets price has also been raised by INR 2,000 per tonne from INR 182,000 per tonne on February 11 to INR 184,000 per tonne on February 18. The Indian aluminium producers generally link aluminium ingot and aluminium products prices to the three-month futures of...
Ecostore to launch refillable aluminium bottles to reduce single use plastic waste pollution
Ecostore is reportedly coming up with its first-ever refillable aluminium bottles for hand and dish wash products to attain the determination of minimising single use plastic waste pollution and emissions in Aotearoa, New Zealand. The new Ecostore refillable bottle will be 100 per cent made of aluminium, designed to be reused and refilled again and again. It will also be a great solution for reducing landfill waste due to being infinitely recyclable. Ecostore sees this new product as an environmental win as recycling aluminium bottles and remaking new ones only uses 5 per cent of the energy and emits 5 per cent of the CO2. Ecostore has partnered with five other environmental and sustainability conscious companies to show they are ‘walking the talk’ of providing a circular solution. It...
A00 aluminium ingot price stands above RMB16000/t after a week-long CNY holiday; Aluminium alloy (A356) grows by RMB450/t
A00 aluminium ingot price has opened the market after a week-long Chinese New Year Holiday with a surge of RMB 440 per tonne to stand above RMB 16,000 per tonne, found the Shanghai Metals Market. According to the data, the price today, on February 18, has pegged at RMB 16,210 per tonne, the highest since the beginning of 202. The average prices are expected to range between RMB 16,190 per tonne and RMB 16,230 per tonne, with spot contract to be traded at a premium price of RMB 90-50 per tonne. In Wuxi and Hangzhou, A00 aluminium ingot price has grown the highest by RMB 485 per tonne to come in at RMB 16,260 per tonne and RMB 16,285 per tonne on February 18. Gongyi has seen a hike of RMB 470 per tonne to RMB 16,070 per tonne, followed by the surge of RMB 460 per tonne in Tianjin to RMB...
Iran’s aluminium ingot production sees a hike of 58% during December-January 2021; Output in total ten months grows 65%
Aluminium ingot production in Iran rose 65 per cent to 364,783 tonnes during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021) compared to the same period of the previous year. In the tenth month of the year ending on January 19, 2021, aluminium ingot output in Iran came in at 39,560 tonnes, up by 58 per cent year-on-year. By the end of the current Iranian calendar year, aluminium ingot production in Iran is estimated to record an increase of 63 per cent. Iran’s aluminium ingot production in the past Iranian calendar year ended on March 19, 2020, fell 8 per cent from the preceding year. Major aluminium producers produced 275,716 tonnes of aluminium ingots in the same year, according to the Industry, Mining and Trade Ministry data. Among the...
