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.
Alcoa 2020 Results: Both bauxite & alumina production up by over 1% overcoming the COVID-19 challenges
On Wednesday, January 20, Alcoa Corporation, the world’s eighth-largest aluminium producer, reported the fourth quarter and full-year results of 2020 that reflect strong operational performance. In Q4 2020, the company produced 12.2 million dry metric tonnes of bauxite compared to 12 million dry metric tonnes in Q3 2020 and 12.1 million dry metric tonnes a year ago. In the entire 2020, Alcoa’s bauxite output stood at 48 million dry metric tonnes, up by 1.27 per cent from 47.4 million dry metric tonnes in 2019. Third-party bauxite shipments in the fourth quarter of the year grew 18.75 per cent quarter-on-quarter and 26.67 per cent year-on-year to 1.9 million dry metric tonnes, bringing the total shipments to 6.5 million dry metric tonnes in 2020 compared to 6.2 million dry metric tonnes...
A00 aluminium ingot price rebounds to over RMB15000/t; Aluminium alloy (A356) price surges by RMB250/t
A00 aluminium ingot price has jumped by RMB 270 per tonne on Thursday, January 21, to stand above RMB 15,000 per tonne, following the past two consecutive days of decline. Shanghai Metals Market data shows the primary aluminium ingot price has come in at RMB 15,020 per tonne, with average prices to range between RMB 15,000 per tonne and RMB 15,040 per tonne. The spot contract is likely to be traded at a premium price of RMB 120-160 per tonne, up by RMB 60 per tonne from the previous day. In Wuxi, A00 aluminium ingot price has soared by RMB 325 per tonne to stand at RMB 15,125 per tonne, followed by the surge of RMB 310 per tonne to RMB 15,135 per tonne. In Chongqing, primary aluminium ingot price has come in at RMB 15,135 per tonne growing by RMB 310 per tonne, while the price in...
LME aluminium benchmark price climbed 1.26% to clock at US$1976/t; SHFE gained US$28/t to settle at US$2299/t
The LME complex rose across the board on Wednesday, with aluminium climbed 0.79 per cent. Benchmark aluminium price on the London Metal Exchange grew by 1.26 per cent to close at US$ 1976 per tonne on January 20. LME aluminium cash (bid) price and LME official settlement price increased to US$ 1976 per tonne from US$ 1951.50 per tonne on January 20, following three consecutive days of decline. 3-months bid price and 3-months offer price stood at US$ 1977 per tonne, up by US$ 19 per tonne from US$ 1958 per tonne on January 19. Dec 21 bid price and Dec 21 offer price hovered around US$ 2055 per tonne. The LME aluminium opening stock remained almost flat at 1417050 tonnes. Live Warrants totalled 1286575 tonnes, while Cancelled Warrants stood at 130475 tonnes. LME aluminium 3-months Asian...
Vedanta extends aluminium ingot price cut for the third consecutive day this week by INR2250/t
Vedanta Limited has extended the price cut of its aluminium ingot and aluminium products by INR 2,250 per tonne with effect from January 20, 2021, as the three-month futures of aluminium on the London Metal Exchange continued to shrink till January 19, marking the third consecutive day of fall. Vedanta is currently selling its aluminium ingot price at INR 165,500-178,500 per tonne versus INR 167,750-180,750 per tonne on January 19. With the latest price cut for the third consecutive day, Vedanta’s aluminium wire rod price has come in at INR 173,000-180,500 per tonne compared to INR 175,250-182,750 per tonne on the previous day. Vedanta’s billet price has pegged at INR 173,500 per tonne. Vedanta Limited links the prices of its aluminium products and aluminium ingot to the three-month...
Aluminium Stewardship Initiative certifies two Audi facilities against Chain of Custody Standard
The Aluminium Stewardship Initiative has certified Audi against Chain of Custody (CoC) Standard for rolled material press shop operations undertaken at production facilities in Neckarsulm and Ingolstadt, Germany. At the two facilities, rolled material press operations create automotive body parts from aluminium sheet material. It collects aluminium scrap generated in the process in a separate stream and sends it for recycling in a closed-loop system. The ASI Chain of Custody (CoC) Standard sets out requirements for the creation of a Chain of Custody for material that is produced and processed through the value chain into diverse downstream sectors. On receiving the CoC Standard certification, Dirk Gross-Loheide, Board Member for Procurement and IT at AUDI AG, commented: “We are...
LME aluminium price settles further lower at US$1951.50/t amid increasing opening stock; SHFE price down to US$2271/t
Three-month LME aluminium climbed 0.15 per tonne to close at US$ 1,973 per tonne on Tuesday, with open interest falling to 742,000 lots. The impact of LME aluminium inventory changes on prices should continue to be monitored. It is expected to trade between US$ 1,900-2,010 per tonne today. As of Tuesday, January 19, LME aluminium cash (bid) price and LME official settlement price plunged by US$ 28 per tonne to stand at US$ 1951.50 per tonne, marking the third consecutive day of decline. 3-months bid price and 3-months offer price stood at US$ 1958 per tonne, down by US$ 26 per tonne from US$ 1984 per tonne on January 18. Dec 21 bid price and Dec 21 offer price hovered around US$ 2038 per tonne. The LME aluminium opening stock increased further from 1397075 tonnes to 1414675 tonnes. Live...
China’s alumina spot price edges higher at RMB2376/t after two days of restraint; A00 aluminium ingot price declines
Average alumina spot price in China has recorded a growth of RMB 9 per tonne on Wednesday, January 20, after remaining restrained at RMB 2,367 per tonne in the past two consecutive days. The price today has clocked at RMB 2,376 per tonne, according to Shanghai Metals Market data. In Shandong and Shanxi, alumina spot price has increased by RMB 10 per tonne to RMB 2,380 per tonne and RMB 2,395 per tonne, respectively, while that in Henan has inched up by RMB 5 per tonne to RMB 2,390 per tonne. Australian alumina FOB price has grown by US$ 2 per tonne to stand at US$ 305 per tonne on January 20, found SMM. Imported alumina price has remained restrained at RMB 2,445 per tonne. Despite the rise in alumina spot price, A00 aluminium ingot price has extended downfall by RMB 80 per tonne to stand...
Chinese secondary aluminium producers operating rates increase for the second consecutive month in December 2020 to 62.65%
According to Shanghai Metals Market data, secondary aluminium producers operating rates in China increased slightly by 0.23 percentage point month-on-month to stand at 62.65 per cent in December 2020. This marks the second consecutive month of rising in secondary aluminium operating rates as they grew by 4.9 percentage points month-on-month in November 2020 to 62.4 per cent. However, on a year-on-year calculation, operating rates in December fell by 3.35 percentage points. The monthly increase in December operating rates could be attributed to strong orders from downstream automakers. Some secondary aluminium produces trimmed output in the first half of 2020 due to shortage of raw materials, but it recovered in H2 2020 as aluminium scrap prices fell along with primary aluminium prices....
Hydro’s Magnor extrusion plant becomes the first aluminium extruder in Norway to achieve ASI certification
Aluminium Stewardship Initiative has certified Hydro’s aluminium extrusion plant in Magnor against its Performance Standard, recognising the plant’s responsible production, sourcing, and stewardship of aluminium. The certification covers the site’s production of aluminium solutions, including extrusion and fabrication activities, and surface treatment. Magnor extrusion plant develops and produces around 7,500 tonnes of aluminium profiles annually, serving customers in the building, electronics, general engineering, and transport markets. It employs about 100 people and is the first aluminium extruder in Norway to achieve ASI certification. “It is nice to be rewarded for the hard work our team has done and achieve this goal. ASI Certification is important to our sustainability agenda, and...
China’s aluminium imports report record-high at 2.7MT in 2020; Imports in December surge 147.3% on year
China, the world’s biggest aluminium producer, imported 265,569 tonnes of unwrought aluminium and aluminium products in December, the highest since September 2020, found the General Administration of Customs data. The import volume in December was up by 40.43 per cent month-on-month from 188,973 tonnes and by 147.3 per cent on year. Full-year shipments in 2020 were 2.7 million tonnes, up 318.7 per cent than in 2019. Rapid demand recovery for aluminium in China after the COVID-19 outbreak led to Shanghai aluminium price surge over London, resulting in an open arbitrage for cheaper imports. China’s aluminium imports in 2020, including both primary aluminium and unwrought alloy, surpassed the previous annual record set in 2009. China turned net importer in July and August for the first time...
Vedanta further cuts aluminium ingot price by INR2250/t in line with LME aluminium price drop below US$2000/t
Vedanta Limited has further reduced its aluminium ingot and products prices for the second time in a row with effect from Tuesday, January 19. The company is currently selling its aluminium ingot at INR 167,750-180,750 per tonne, down by INR 2,250 per tonne or 1.32 per cent from INR 170,000-183,000 per tonne on January 14. Last time, Vedanta cut its aluminium ingot price by INR 1,750 per tonne or 1.02 per cent. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 175,250-182,750 per tonne compared to INR 177,500-185,000 per tonne on January 14. This records a decrease of INR 2,250 per tonne as well. Vedanta’s aluminium billet price is standing at INR 175,750 per tonne with effect from January 19, as against INR 178,000 per tonne on the previous day. Vedanta Limited...
Rio Tinto’s bauxite production in 2020 improves 2% Y-o-Y on capacity ramp-up at CBG mine; Aluminium output stands flat
Rio Tinto, the world's second-largest metals and mining corporation, has reported its full-year and the fourth quarter production results of 2020, revealing that bauxite output in Q4 2020 stood at 13.3 million tonnes. That was up by 12 per cent per cent quarter-on-quarter. Full-year production was 56.1 per cent, increasing by 2 per cent year-on-year due to the ramp-up of the capacity expansion at the CBG mine in Guinea and steady performance at the Pacific mines. Rio Tinto Chief Executive Jakob Stausholm said, “We have delivered a strong safety and operational performance in the face of the significant global challenges of COVID-19. Our 2020 performance reflects the resilience of the business, and the commitment and flexibility of our employees, customers, communities and host...
China’s 2020 aluminium production records 4.9% growth to 37.08MT, with December output at all-time high
According to the latest data revealed by the National Bureau of Statistics (NBS), China’s aluminium production in 2020 increased by 4.9 per cent year-on-year to stand at 37.08 million tonnes, attributing to capacity ramp-up by smelters to cash in on soaring prices. Output in December stood all-time high at 3.27 million tonnes even the price rally cooled. That was up by 2.8 per cent month-on-month from 3.182 million tonnes, surpassing the previously monthly record of 3.2 million tonnes in October 2020. According to NBS data, China’s full-year aluminium output in 2020 beat the last annual peak of 35.802 million tonnes in 2018. Production dropped in 2019 for the first time in a decade. Shanghai aluminium prices fell 4.2 per cent in December after hiking by 22.5 per cent over 2020 during the...
A00 aluminium ingot price comes below RMB15000/t on January 19; Aluminium alloy(A356) price falls by RMB200/t
A00 aluminium ingot price in China has again come below RMB 15,000 per tonne after hiking in the past two consecutive days to stand at RMB 15,060 per tonne on Monday, January 18, found the Shanghai Metals Market. According to SMM data, the price is hovering around RMB 14,830 per tonne on Tuesday, January 19, a decrease of RMB 230 per tonne from the previous day. The average prices are expected to range between RMB 14,810 per tonne and RMB 14,850 per tonne, with spot contract to be traded at a premium price of RMB 60-100 per tonne. In Chongqing, primary aluminium ingot price has declined the highest by RMB 250 per tonne to stand at RMB 14,820 per tonne, followed by the fall of RMB 240 per tonne in Gongyi and Linyi to come in at RMB 14,730 per tonne and RMB 14,920 per tonne, respectively....
NALCO’s aluminium prices shrink by INR2000/t on January 16 in line with sluggish LME aluminium benchmark price
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and products prices with effect from Saturday, January 16, following a significant hike ten days ago on January 6. According to the company’s price update, aluminium ingot price has come in at INR 169,550-173,050 per tonne, down by INR 2000 per tonne from INR 171,550-175,050 per tonne on January 6. Last time, Nalco’s aluminium ingot price was increased by INR 4,100 per tonne from INR 167,450-170,950 per tonne on January 1. With the latest price slash, NALCO’s aluminium wire rod price is ranging between INR 173,050- 177,400 per tonne and aluminium billets price between 173000- 175650 per tonne, recording a decrease of INR 2,000 per tonne as well. NALCO, like any other Indian aluminium producers, links its aluminium...
LME aluminium benchmark price shrinks to US$2000.50/t this week; SHFE price declines 3% to US$2297/t
Benchmark aluminium price on the London Metal Exchange decreased this week by 0.37 per cent to settle at US$ 2000.50 per tonne amid the incessant decline in LME aluminium opening stock from 1305825 tonnes to 1288675 tonnes. LME aluminium cash (bid) price and LME official settlement price closed lower this week at US$ 2000.50 per tonne on Friday, January 15. The prices started at US$ 2008 per tonne on Monday, January 11, and gained US$ 2025.50 per tonne on Tuesday, January 12. On Wednesday, the price declined again to US$ 2009.50 per tonne, followed after a marginal growth of US$ 1 per tonne to US$ 2010.50 per tonne on Thursday, January 14. They shrunk further on the next day by US$ 10 per tonne. 3-months bid price and 3-months offer price also started the week on January 11 at US$ 2008...
US aluminium semis imports from UAE fell for the second month in a row to 23,300 tonnes in Oct’20
The United States aluminium crude metal and alloys imports from the United Arab Emirates fell for the second consecutive month in October 2020, according to the latest data revealed by the US Geological Survey. Data shows the imports decline by 8,500 tonnes or 26.73 per cent month-on-month to come in at 23,300 tonnes in October. In September, the imports were down by 1,900 tonnes or 5.64 per cent from 33,700 tonnes in August to 31,800 tonnes. In July, the United States imported 7,350 tonnes of aluminium crude metal and alloys from the UAE, meaning the imports in August witnessed a month-on-month jump of 358.5 per cent. On a year-on-year calculation, the US aluminium semis imports from the UAE stood 48.41 per cent higher than 15,700 tonnes. In the first ten months of 2020, the US aluminium...
Metro Mining to restart Bauxite Hills mine operations in April 2021 as market condition recovers from COVID-19 pandemic
According to a report on Thursday, January 14, Metro Mining is planning to recommence its operations at the Bauxite Hills mine project, which was shut for the wet season from mid-September 2020. The operation is expected to resume in April 2021 for deliveries restarting under the existing 7 million tonnes bauxite offtake contract with China's Xinfa Group. Metro Mining witnessed a strong operational performance in early 2020 and thereby a good financial output with cash on hand and other receivables of $45.8 million, as of September 30, 2020. Sales revenue in the September quarter stood at A$61.9 million, generating site EBITDA of A$9.5 million. Bauxite mining in the quarter was 1.062 million wet metric tonnes, while the shipment was 1.23 million wet metric tonnes bringing the year-to-date...
