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.
Primary aluminium production in East & Central Europe declines 3% M-o-M to 340,000 tonnes in Nov’20
In East & Central Europe, primary aluminium production came in at 340,000 tonnes in November 2020, representing a plunge of 11,000 tonnes or 3.12 per cent month-on-month. The production in October stood at 351,000 tonnes, up by 13,000 tonnes or 3.85 per cent from 338,000 tonnes in September. On a year-on-year calculation, primary aluminium production in East & Central Europe stood 5,000 tonnes or 1.45 per cent lower than 345,000 tonnes. Total production in three months during September-November 2020 amounted to 1.029 million tonnes, down by 1.53 per cent from 1.045 million tonnes during the same period last year. During January-November 2020, primary aluminium production in East & Central Europe totalled 3.801 million tonnes, flat compared with 3.800 million tonnes during January-November...
Rusal joins Japan Climate Leaders’ Partnership (JCLP) to advance low-carbon aluminium goals
Rusal, the company of En+ Group’s metals segment, has become a part of the Japan Climate Leaders’ Partnership (JCLP), a powerful business coalition in Japan that aims to advance sustainable low-carbon development. The news came after Anglo-Russian energy and metals company En+ Group announced it on Tuesday, December 29. Rusal, one of the world’s largest low-carbon aluminium manufacturers, is proud to join the 163 companies of the JCLP and contribute to innovations and analysis for a low-carbon and ultimately a carbon free future. The JCLP’s focus on creating and practicing business strategies while incorporating its climate change efforts align with Rusal’s business goals. So, both of them are excited to work together to contribute to their aims. Their partnership also represents a...
SHFE aluminium price sheds US$33/t to US$2412/t after falling across the board in overnight trading
Shanghai base metals fell across the board in overnight trading, with aluminium decreased 0.95 per cent. The London Metal Exchange continued to remain close on Monday, December 28, for the Christmas holiday. As of Thursday, December 24, LME aluminium cash (bid) price and LME official settlement price stood US$ 23 per tonne higher than the previous day at US$ 2022 per tonne. 3-months bid price and 3-months offer price hovered at US$2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne. The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled Warrants at 182125 tonnes. LME aluminium...
Coal India plans INR 1 lakh crore investments for its diversification into aluminium value chain and solar industry
The government of India has reportedly approved state-run Coal India Limited’s diversification plan into aluminium value chain and solar industry. Coal India has planned INR 1 lakh crore investments in building two aluminium plants in the eastern region and an entire solar module manufacturing value chain, said two people familiar with the matter. Coal India Limited will set up three specific-purpose vehicles (SPVs) for INR 45,500 crore integrated solar wafer manufacturing facility, a greenfield aluminium project for INR 38,000 crore, and an aluminium smelting unit with National Aluminium Company Limited for about INR 23,400 crore, according to the report. Run by captive thermal power units, the greenfield aluminium plant and aluminium smelting unit are expected to come up at Orissa and...
Hindalco raises its aluminium wire rod and billets prices by INR1250/t after an intermittent cut
Hindalco Industries Limited increased the prices of its aluminium products and aluminium ingot on Friday, December 25, following an intermittent cut on Thursday, December 24. Hindalco raised its aluminium wire rod price by INR 1,250 per tonne from INR 180,850 per tonne to INR 182,100 per tonne. Hindalco’s aluminium billets price came in at INR 178,100 per tonne on December 25, up by INR 1,250 per tonne from INR 176,850 per tonne on December 24. Hindalco’s aluminium ingot price was also increased by INR 1,250 per tonne from INR 167,750 per tonne on December 24 to INR 171,100 per tonne on December 25. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which is currently up by US$ 250 per tonne or 14.11 per...
China’s domestic auto market shows steady growth with sales to reach 25 million units at the end of 2020: CAAM
The automobile market in China started recovering in April 2020, with production and sales achieved year-on-year growth. According to China Association of Automobile Manufactures (CAAM) forecast, the domestic auto market is likely to achieve steady growth in the next five years, with sales estimated to reach 30 million units by 2025. At the end of 2020, China’s auto sales are likely to come in at 25 million units, a year-on-year decline to narrow to 2 per cent, better than expected. In November 2020, China automobile production and sales reached new highs standing at 2.85 million units and 2.77 million units, respectively, up by 11.5 per cent and 7.6 per cent from the previous month and 9.6 per cent and 12.6 per cent over the year. From the perspective of the total number of vehicles sold...
A00 aluminium ingot price opens the week lower at RMB16,190/t; Aluminium alloy(A356) price shrinks to RMB16,900/t
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 28, with a decline of RMB 120 per tonne to stand at RMB 16,190 per tonne after two consecutive days of hike. The average prices are expected to range between RMB 17,170 per tonne and RMB 16,210 per tonne, with spot contract to be traded at a premium price of RMB 170-210 per tonne, down by RMB 50 per tonne from the previous day. In Hangzhou, A00 aluminium ingot price has decreased the highest by RMB 160 per tonne to come in at RMB 16,180 per tonne on December 28, while the price in Gongyi, Foshan, Wuxi, and Shenyang, has fallen by RMB 120 per tonne to stand, respectively, at RMB 16,110 per tonne, RMB 16,420 per tonne, RMB 16,180 per tonne, and RMB 16,185 per tonne. In Chongqing...
AlCircle setting new virtual trends during COVID-19 by presenting first-of-its-kind online “Global Aluminium Expo 2020”
Difference between the virtual and real world has almost waned over the years due to the increasing influence of digitalisation. The presence and impact of digitalisation have been more so felt during the COVID-19 pandemic when direct human interaction, or for that matter intervention, is limited. Besides the despondent fact that the COVID-19 pandemic has taken a toll on the global economy, it is the pandemic that has further catalysed digital transformation across business models of various industrial sectors, including aluminium, resulting in better digital offerings and adoption. Digitalisation in Aluminium Industry: While going digital is not new to the aluminium industry, the revolutionary transformation that industry is going through in recent times with a large number of smelters...
Recap 2020: Slowdown in production activities due to COVID19 let down primary aluminium demand & prices; Recovery began in H2
The first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and aerospace, resulting in a downturn in global demand and consumption of aluminium. According to a data showed by the Norwegian aluminium producer Norsk Hydro, world primary aluminium consumption fell 9.41 per cent year-on-year in H1 2020 from 32.237 million tonnes to 29.203 million tonnes. But at the same time, primary aluminium production remained steady, causing a surplus in the market. However, the gradual recommencement of production activities in various industrial sectors from the third...
US aluminium scrap imports from Mexico stand 8.3% higher to 11,700 tonnes in September 2020
According to the US Geological Survey data, the United States aluminium scrap imports from Mexico stood at 11,700 tonnes in September 2020. In the previous month, the United States imported 10,800 tonnes of aluminium scrap from Mexico, meaning the imports in September edged 8.33 per cent higher month-on-month. The imports in August stood lower by 2.7 per cent from 11,100 tonnes in July 2020. The United States aluminium scrap imports from Mexico in Q3 2020 totalled 33,600 tonnes, down by 17.24 per cent from 40,600 tonnes in Q2 2020. On a year-on-year calculation, the United States aluminium scrap imports from Mexico in September 2020 stood 13.59 per cent higher than 10,300 tonnes. In the first nine months, aluminium scrap imports by the US from Mexico amounted to 107,000 tonnes, 6.96 per...
Primary aluminium inventories in China inch down by 3000 tonnes W-o-W to peg at 586,000 tonnes
According to the latest data shared by the Shanghai Metals Market, the social inventories of primary aluminium slipped by 3,000 tonnes over the week across eight major consumption areas on Thursday, December 24. Hence, the inventories are now standing at 586,000 tonnes compared to 589,000 tonnes on December 17. Primary aluminium inventories on December 17 had decreased by 7,000 tonnes week-on-week across the eight major consumption areas. It was reported that some local aluminium ingots in Gongyi had flowed into East China due to the implementation of limited production for environmental protection. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Gongyi declined the highest by 17,000 tonnes to...
LME aluminium price settled 1.15% higher at US$2022/t; SHFE extended growth to US$2465/t
The LME complex cruised higher, with aluminium increased 1.3 per cent. Benchmark aluminium price on the London Metal Exchange stood 1.15 per cent higher at US$ 2022 per tonne on Thursday, December 24, from US$ 1999 per tonne on Wednesday. LME aluminium cash (bid) price and LME official settlement price rose for the second day in a row by US$ 23 per tonne on Thursday, December 24, to peg at US$ 2022 per tonne. 3-months bid price and 3-months offer price stood at US$ 2025.50 per tonne, up by US$ 17 per tonne from US$ 2008.50 per tonne on December 23. Dec 21 bid price and Dec 21 offer price came in at US$ 2050.50 per tonne. The LME aluminium opening stock inched down from 1378100 tonnes to 1372350 tonnes on Thursday, December 24. Live Warrants stood at 1190225 tonnes, while Cancelled...
Aluminium price in India to see positive improvement by Q1 FY2021-22: Sridhar Patra, Nalco's Chairman & MD
In a recent interview, National Aluminium Company’s (NALCO) Chairman & Managing Director, Sridhar Patra, revealed his optimistic views saying that production activities are recommencing gradually and so the demand for aluminium has begun to rise in both international and Indian market, following a disappointing period of time in FY2020-21 due to the COVID19 pandemic. In April, the average aluminium price stood the lowest in last ten years at INR 1,421 per tonne, but improved a bit in Q1FY21 and even more in Q2 to reach around INR 2,000 per tonne towards the third quarter of the year. Going ahead, Mr Patra sees more positive improvements in prices by the first quarter of FY2022. Talking about Utkarsha Aluminum Dhatu Nigam Ltd, a JV between NALCO & MIDHANI to produce high-end aluminium...
A00 aluminium ingot price jumps by RMB210/t after three days of decline in a row; Alumina spot price settles at RMB9/t higher
A00 aluminium ingot price in China has registered a hike on Wednesday, December 24, after three consecutive days of decline during December 21-23 from RMB 16,960 per tonne to RMB 16,060 per tonne. The price today is standing at RMB 16,270 per tonne after growing by RMB 210 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 16,250 per tonne and RMB 16,290 per tonne, with spot contract to be traded at a premium price of RMB 230-270 per tonne, up by RMB 20 per tonne from the previous day. The primary aluminium ingot price in Foshan has seen the highest growth of RMB 280 per tonne to stand at RMB 16,480 per tonne, followed by the hike of RMB 225 per tonne in Chongqing to RMB 16,335 per tonne. In Gongyi and Wuxi, A00 aluminium ingot price has...
Recap 2020: Production & consumption balance in alumina market buoys steady price trend amid the COVID-19 pandemic
Alumina market witnessed a controlled price trend in 2020 as there had been a fair balance between production and consumption of the ore, even amid the unprecedented COVID-19 pandemic. In the first few months of the year, the prices trended down significantly due to lower buying interests among primary aluminium smelters, but later on, recovered with market resilience. Australian alumina FOB price closed the year on a bullish trend from US$ 278.50 per tonne to US$ 302 per tonne. Global alumina output during January-October 2020 stood at 110.466 million tonnes, slightly up by 0.55 per cent from 109.866 million tonnes during the same period last year. Metallurgical-grade alumina production came in at 104.068 million tonnes. Except in China, where alumina production dwindled during the above...
US aluminium scrap exports to Indonesia stand 35% lower M-o-M in September 2020; Total exports in Q3 strike 63% hike
The United States aluminium scrap exports to Indonesia stood at 8,780 tonnes in September 2020, recording a downfall of 34.96 per cent month-on-month, according to the US Geological Survey. In August 2020, the United States exported 13,500 tonnes, which stood up by 33.66 per cent from 10,100 tonnes in July. This brings the total exports in three months of the third quarter of 2020 to 32,380 tonnes, 62.63 per cent higher than 19,910 tonnes in Q2 2020. On a year-on-year calculation, the United States aluminium scrap exports to Indonesia in September 2020 stood 78.09 per cent higher than 4,930 tonnes. In the first 9 months of the year, the United States exported 75,900 tonnes of aluminium scrap to Indonesia, slightly up from 74,500 tonnes during the same period last year. The United States’...
LME aluminium price cruised lower for the second day in a row to $1993/t; SHFE price extends decline to $2425/t
The LME complex cruised lower on Tuesday, including aluminium slipped 1.63 per cent. Benchmark aluminium price on the London Metal Exchange plunged by 0.97 per cent to US$ 1993 per tonne on Tuesday, December 22, from US$ 2012.50 per tonne on Monday. Both LME aluminium cash (bid) price and LME official settlement price declined by US$ 19.50 per tonne on Tuesday, December 22, to peg at US$ 1993 per tonne, marking the second consecutive day of downfall. 3-months bid price and 3-months offer price stood at US$ 2006.50 per tonne, a decrease of US$ 17 per tonne from US$ 2023.50 per tonne on December 21. Dec 21 bid price and Dec 21 offer price came in at US$ 2027.50 per tonne. The LME aluminium opening stock plunged from 1390350 tonnes to 1383725 tonnes on Tuesday, December 22, after an...
Africa’s primary aluminium production decreases 5.15% M-o-M to 129,000 tonnes in November 2020
In November 2020, primary aluminium production in Africa came in at 129,000 tonnes, a decrease of 7,000 tonnes or 5.15 per cent month-on-month. In October 2020, Africa’s aluminium production stood at 136,000 tonnes, up by 5,000 tonnes or 3.82 per cent from 131,000 tonnes in September. On a year-on-year calculation, Africa’s primary aluminium output in November 2020 declined by 4,000 tonnes or 3 per cent from 133,000 tonnes. During September-November, Africa produced 396,000 tonnes of primary aluminium compared with 405,000 tonnes during the same period last year. In total 11 months of the year, Africa’s primary aluminium production amounted to 1.468 million tonnes, down by 2.39 per cent year-on-year from 1.504 million tonnes. Across the world, primary aluminium production in November 2020...
