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.
Molten aluminium ratio declines at Chinese aluminium smelters in December 2020: Know Why?
In December 2020, molten aluminium accounted for 66.6 per cent of China’s total aluminium production, found the Shanghai Metals Market. That was down by 1.17 percentage points from the previous month, owing to the increased proportion of ingot output at smelters in north China. The decline was most prominent in Henan, Inner Mongolia, and Ningxia. In Henan Province, Henan Zhongfu and Dengdian Group did not produce aluminium ingot due to strict environmental inspections, while in the three other smelters like Henan Wanji, Jiaozuo Wanfang, and Yugang Longquan, the proportion of ingot increased from November. Some smelters in Inner Mongolia also did not shy away from increasing aluminium ingot output due to weaker demand for molten aluminium from nearby regions. In south-west China, on the...
Vedanta raises its aluminium products prices by INR2250/t following an intermittent cut
Vedanta Limited increased its aluminium products and aluminium ingot prices with effect from Saturday, January 9, following an intermittent cut on Friday, January 8. That marked the fifth consecutive day since Tuesday, January 5, that Vedanta revised its aluminium products and ingot prices. With the latest hike, Vedanta's aluminium wire rod price has come in at INR 179,500-187,000 per tonne, up by INR 2,250 per tonne from INR 177,250-184,750per tonne on January 8. Vedanta raised its aluminium billets price by INR 2,250 per tonne as well from INR 177,750 per tonne to INR 180,000 per tonne, with effect from Saturday, January 9. Vedanta is selling its aluminium ingot at INR 172,000-185,000 per tonne since Saturday in comparison with INR 169,750-182,750 per tonne on Friday. Vedanta Limited...
China’s alumina production falls 2.02% to 67.29 million tonnes in 2020; Output in December increases 1.53% Y-o-Y
According to the latest data shared by Shanghai Metals Market, China’s metallurgical-grade alumina production in the entire year of 2020 came in at 67.29 million tonnes, down by 2.02 per cent on a year-on-year basis. In December, alumina output, including 5.75 million tonnes of metallurgical-grade alumina, stood at 5.96 million tonnes. That was 0.66 per cent lower than 6 million tonnes of production in November 2020, but up by 1.53 per cent from 5.87 million tonnes in December 2019. Roasting capacity at some alumina refineries in Shandong, Henan, and Shanxi was restricted, leading to the month-on-month decline in alumina output in December. The daily alumina output in December 2020 stood down by 4.04 per cent month-on-month but up 2.26 per cent year-on-year to 185,500 tonnes. As of early...
LME aluminium benchmark price increased to US$2029.50/t; SHFE price opened the week lower at US$2372/t
Benchmark aluminium price on the London Metal Exchange rose 1.07 per cent to come in at US$ 2029.50 per tonne on Friday, January 8, 2021. As of Friday, January 8, LME aluminium cash (bid) price and LME official settlement price surged by US$ 21.50 per tonne from US$ 2008 per tonne to US$ 2029.50 per tonne. 3-months bid price and 3-months offer price increased from US$ 2020.50 per tonne to US$ 2032 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 2099.50 per tonne, up by US$ 21.50 per tonne. The LME aluminium opening stock decreased from 1313100 tonnes to 1309100 tonnes. Live Warrants totalled 1185150 tonnes, and Cancelled Warrants were 123950 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$ 2023 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
Hindalco cuts aluminium ingot price by over 2% with effect from January 8
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Friday, January 8, after hiking them in the past two consecutive days. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 170,000 per tonne, a decrease of INR 4,500 per tonne or 2.58 per cent from INR 174,500 per tonne on January 7. Hindalco has reduced its aluminium wire rod price by INR 4,500 per tonne as well from INR 185,600 per tonne on January 7 to INR 181,100 per tonne on January 8. The company is selling its aluminium billets price at INR 177,100 per tonne with effect from January 8 in comparison with INR 181,600 per tonne on January 7. Hindalco Industries Limited links the prices of its aluminium ingot and aluminium products to the three-month...
Moscow’s new micro-museum made of concrete and anodised aluminium cladding
Moscow’s new micro-museum of Russian Impressionists is a concrete building covered with perforated aluminium. Measures just over 1000 sqm, the museum is located at the site of a gigantic former chocolate factory in Moscow. McAslan Architects did not hesitate to construct the building entirely out of concrete, cast on site, and covered with anodised aluminium cladding. The construction has achieved the goal of creating an attraction for visitors, with four floors. Three floors are above ground and contain exhibition space for paintings, while the basement contains a cinema and other multimedia spaces. The decision to make a building covered with aluminium has turned out to be a success, standing out from its surroundings and evoking a sense of contemporary identity. The building looks...
US aluminium scrap exports to India continue to rise by 9% M-o-M and 91% Y-o-Y to 38,700 tonnes in Oct’20
The US Geological Survey found the United States aluminium scrap exports to India continued to rise in October 2020 as well. From 35,500 tonnes in September, the exports grew to 38,700 tonnes, an increase of 9 per cent month-on-month. On a year-on-year calculation, the exports in October soared by 90.64 per cent from 20,300 tonnes. The US aluminium scrap exports to India in September 2020 increased by 31.48 per cent month-on-month from 27,000 tonnes, while in August grew by 24.42 per cent from 21,700 tonnes in July 2020. In the entire ten months of 2020, the United States aluminium scrap exports to India totalled 246,000 tonnes, up by 13.36 per cent from 217,000 tonnes during the same period last year. The United States total aluminium scrap exports in October 2020 came in at 184,000...
Vedanta sharply cuts its aluminium products prices by INR4,500/t after three consecutive hikes
Vedanta Limited has decreased its aluminium ingot and aluminium products prices with effect from Friday, January 8, following the three consecutive days of hike. The company’s aluminium ingot price is now hovering at INR 169,750-182,750 per tonne, down by INR 4,500 per tonne from INR 174,250-187,250 per tonne on January 7. Vedanta has cut its aluminium wire rod price by INR 4,500 per tonne as well from INR 181,750-189,250 on January 7 to INR 177,250-184,750 per tonne on January 8. Vedanta’s aluminium billet price has come in at INR 177,750 per tonne, sliding by INR 4,500 per tonne from 182,250 per tonne. Vedanta links the prices of its products to the three-month futures of aluminium on the London Metal Exchange, which on Thursday, January 7, fell sharply by US$ 54.50 per tonne from US$...
French commercial court allows Guinea firm to take over specialty alumina leader Alteo
On Thursday, January 7, a commercial court in France gave a green signal to Guinean logistics specialist United Mining Supply (UMS) to take over Alteo, a global leader in specialty alumina. The former was the last remaining bidder to take charge of Alteo’s production site near the southern city of Marseille. Alteo entered bankruptcy due to falling orders against the backdrop of global crisis in the aluminium industry. According to the court, United Mining Supply’s financial aid to Alteo as its new shareholder would help the plant free up enough cashflow to continue operations. UMS, owned by French-Lebanese-Guinean businessman Fadi Wazni, will help Alteo clear a part of debt and phase out the import of bauxite within 12 to 18 months. Alteo primarily imports bauxite from Guinea. Alteo was...
A00 aluminium ingot price gains RMB170/t to close the week at RMB15,710/t; Aluminium alloy(A356) price climbs RMB150/t
China's A00 aluminium ingot price has jumped by RMB 170 per tonne on Friday, January 8, to close the week at RMB 15,710 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,690 per tonne and RMB 15,730 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne, down by RMB 40 per tonne from the previous day. In Hangzhou, A00 aluminium ingot price has surged by RMB 155 per tonne to stand at RMB 15,720 per tonne. In Gongyi and Wuxi, the price has increased by RMB 140 per tonne to come in at RMB 15,590 per tonne and 15,700 per tonne, respectively. Primary aluminium ingot price in Chongqing and Shenyang is standing at RMB 15,690 per tonne growing by RMB 140 per tonne as well. The price in Foshan, Linyi, and Tianjin has...
National Aluminium Company to invest INR 30,000 crore for expansion and diversification: Pralhad Joshi
On Thursday, January 7, Pralhad Joshi, Union Minister of Coal & Mines and Parliamentary Affairs, affirmed that National Aluminium Company Ltd (NALCO) would invest INR 30,000 crore for expansion and diversification in the next six to seven years. Joshi, while addressing the 41st Foundation Day event of NALCO in Bhubaneswar, also said that the company’s expansion plan would have a multiplier effect on the mining and mineral sector, helping achieve the vision of Atmanirbhar Bharat. Joshi added that some of NALCO’s expansion and diversification plans could come in the form of joint ventures. Plans are on board to announce some greenfield projects, for which consultations are on with the State government, said Joshi. The Minister also said that NALCO almost tripled its production in FY21 and...
China’s aluminium billet inventories kick-start 2021 with a gain of 14,900 tonnes week-on-week
According to the Shanghai Metals Market, 6063 aluminium billet inventories have gained 14,900 tonnes across China's five consumption areas on Thursday, January 7. Data shows the stocks have come in at 85,700 tonnes from 70,900 tonnes on November 31. Last Thursday, the inventories dropped by 1,500 tonnes week-on-week. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, aluminium billet inventories have built-up 9,100 tonnes to stand at 41,600 tonnes, followed by an increase of 3,200 tonnes in Nanchang to 10,000 tonnes. In Changzhou and Huzhou, aluminium billet stocks have grown by 1,600 tonnes and 1,000 tonnes, respectively, to come in at 10,000 tonnes and 13,000 tonnes. In Wuxi, however, the inventories have remained...
Alcomet launches its upgraded production line for powder-coated aluminium profiles
Alcomet AD, the only one of a kind manufacturer of rolled and extruded aluminium products in Bulgaria, has begun the operation at its upgraded production line for producing powder-coated aluminium profiles. The company has invested 1.4 million levs, equivalent to $883,200, for modernising the production line, which has now the capacity to produce 600 tonnes of powder-coated aluminium profiles every month. The capacity is now increased by three times compared to the output before the upgrade, said Alcomet in a bourse filing on Tuesday. In December, Alcomet started operations at its new rolling mill, which increased the company’s production capacity by 85,000 tonnes per year in the medium term, as per the statement by Alcomet in a stock exchange filing. According to Alcomet’s latest...
Hindalco back-to-back increases its aluminium products prices; Aluminium wire rod price grows by INR3000/t
Hindalco Industries Limited has back-to-back increased the prices of its aluminium ingot and aluminium products, with effect from Thursday, January 7. After increasing the price of aluminium wire rod by INR 2750 per tonne or 1.53 per cent on January 6, Hindalco Industries on the very next day has further expanded the price by INR 3000 per tonne or 1.64 per cent to INR 185,600 per tonne. Hindalco’s aluminium billets price has also been raised by INR 3000 per tonne on January 7, and so the price of aluminium ingot. The company’s aluminium billets price is now standing at INR 181,600 per tonne compared with INR 178,600 per tonne on January 6. The price of aluminium ingot has come in at INR 174,500 per tonne from INR 171,500 per tonne on a day ago. Hindalco Industries Limited links the prices...
LME aluminium price jumped US$32/t to clock at US$2062.5/t; SHFE decreased to $2393/t after a day restraint
Benchmark aluminium price on the London Metal Exchange closed the day on Wednesday, January 6, 1.73 per cent higher at US$ 2062.50 per tonne. LME aluminium cash (bid) price and LME official settlement price soared by US$ 32 per tonne on Wednesday, January 6, to stand at US$ 2062.50 per tonne from US$ 2027.50 per tonne on January 5. 3-months bid price and 3-months offer price stood at US$ 2068 per tonne, up by US$ 35.50 per tonne from US$ 2032.50 per tonne. Dec 21 bid price and Dec 21 offer price increased from US$ 2094 per tonne to US$ 2119 per tonne on January 6, 2021. The LME aluminium opening stock continued to decrease from 1324500 tonnes to 1319075 tonnes. Live Warrants totalled 1187450 tonnes, while Cancelled Warrants at 131625 tonnes. LME aluminium 3-months Asian Reference Price...
NALCO increases aluminium ingot price by INR4100/t on January 6 after two consecutive declines
National Aluminium Company Limited (NALCO) has raised the prices of its aluminium ingot and aluminium products with effect from Wednesday, January 6, after reducing them for the two consecutive times. NALCO’s aluminium ingot price has come in at INR 171,550-175,050 per tonne, recording a significant increase of INR 4,100 per tonne from INR 167,450-170,950 per tonne on January 1. NALCO’s aluminium wire rod price has been increased by INR 4,100 per tonne from INR 170,950-175,300 per tonne on January 1 to INR 176,150-179,400 per tonne on January 6, 2021. Since the latest hike, NALCO’s aluminium billets price is standing at INR 175,000-177650 per tonne against INR 170,900-173550 per tonne on January 1. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium...
Aluminium coaches for Pune Metro expected to arrive in May 2021 from Italy
On Tuesday, January 5, Maharashtra Metro Rail Corporation’s managing director Brijesh Dixit announced that aluminium coaches for Pune’s Metro trains would likely arrive in the city in May 2021 from Italy. Dixit said, “Pune Metro had given the purchase order for 102 aluminium bodied coaches. The Italian company Titagarh Firema, a wholly-owned Italian subsidiary of Titagarh Wagons, is providing these coaches.” Maha Metro’s public relations officer (PRO) Hemant Sonawane also confirmed the expected arrival of coaches in May 2021, adding that it might get delayed a little due to the current COVID-19 situation in Europe. The Pune Metro started the trial runs on its corridors using coaches belong to the Nagpur metro. Titagarh Firema is manufacturing 25 per cent of coaches at their plant in...
US aluminium semis imports from Qatar jump 51% in September 2020 after two consecutive months of decline
The United States aluminium crude metal and alloys imports from Qatar stood at 5,310 tonnes in September 2020, recording an increase of 2,160 tonnes or 51.28 per cent after two consecutive months of decline. In August, the United States imported 3,150 tonnes of aluminium semis from Qatar, 400 tonnes lower than 3,550 tonnes in July 2020. The imports in July stood down by 670 tonnes or 15.88 per cent month-on-month from 4,220 tonnes. In the third quarter of 2020 ended on September 30, the US aluminium crude metal and alloys imports from Qatar totalled 12,010 tonnes, down by 30.42 per cent from 17,260 tonnes in Q2 2020. On a year-on-year calculation, the United States aluminium semis imports from Qatar in September 2020 stood 43.51 per cent lower than 9,400 tonnes. In the first nine months...
