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.
Lindian Resources to execute screen test on Gaoual bauxite resource in Guinea
ASX-listed mineral exploration company, Lindian Resources, has begun the next significant phase of technical analysis at its Gaoual bauxite project in Guinea. The company has reportedly sent its geological crew to the project to conduct screening tests on Gaoual’s aluminium oxide ore. Through earlier tests, Lindian Resources found a readily mineable maiden resource at Gaoual, with aluminium oxide at an average 49.8 per cent, silica 11.5 per cent, and a higher-grade component of 84 million tonnes at an impressive grade of 5.12 per cent aluminium oxide. Gaoual contains higher levels of the impurity silica than other bauxite resources, but metallurgical test shows that the deposit’s silica content is predominantly fine-grained quartz. So, simple screening can significantly reduce the silica...
Hindalco cuts its aluminium wire rod & billets prices by INR2000/t with effect from November 25
Hindalco Industries Limited has reduced the prices of its aluminium products and aluminium ingot with effect from Wednesday, November 25, in line with the downtrend in global aluminium benchmark price on the London Metal Exchange after November 19. Hindalco has cut its aluminium wire rod price by INR 2,000 per tonne or 1.11 per cent to INR 178,600 per tonne, as against INR 180,600 per tonne on November 19. The company’s aluminium billets price has also been reduced by INR 2,000 per tonne from INR 176,600 per tonne to INR 174,600 per tonne. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 167,500 per tonne, also down by INR 2,000 per tonne from INR 169,500 per tonne on November 19. Hindalco links its aluminium ingot and aluminium product prices to the three-month...
A00 aluminium ingot price in China extends growth to stand at RMB16,130/t; Aluminium alloys(ADC12) price climbs by RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its growth on Thursday, November 26, albeit much slower than the previous day, to continue to remain above RMB 16,000 per tonne. The price is standing at RMB 16,130 per tonne growing by RMB 10 per tonne. The average prices are expected to range between RMB 16,110 per tonne and RMB 16,150 per tonne, with spot contract to be traded at a premium price of RMB 100-140 per tonne, up by RMB 10 per tonne from November 25. Except for Foshan, the increase in A00 aluminium ingot has touched upon all the major markets in China. In Foshan, the price has dropped by RMB 20 per tonne to RMB 16,230 per tonne. Hangzhou has seen the highest rise today of RMB 80 per tonne to RMB 16,230 per tonne, followed by the hike of...
LME aluminium price closed higher at $1967/t after two days of decline in a row; SHFE price dropped by $3/t to $2431/t
LME aluminium price closed the day on Wednesday, November 25, 0.13 per cent higher to US$ 1967 per tonne, following two consecutive days of decline. Both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1967 per tonne, growing by US$ 2.50 per tonne on November 25. 3-months bid price and 3-months offer price stood at US$ 1981.50 per tonne, climbing by only US$ 0.50 per tonne from US$ 1981 per tonne on November 24. Dec 21 bid price and Dec 21 offer price, however, extended decline by US$ 1 per tonne to come in at US$ 2004 per tonne. The LME aluminium opening stock continued to fall to stand at 1388250 tonnes on November 25. Live Warrants hovered at 1231200 tonnes, while Cancelled Warrants at 157050 tonnes. LME aluminium 3-months Asian Reference Price stood at...
Hydro Husnes B-Line resumes production after 10 years; expects to double aluminium output and offer hundred new jobs
Hydro's aluminium plant in western Norway is all set to go back to full production as Husnes B-Line capacity resumed operation on November 24, after remaining idle since 2009 due to a financial crisis. Hydro Husnes currently produces 95,000 tonnes of aluminium annually via the A line. This will increase to 195,000 tonnes when the 200 electrolysis cells in B-line restart the operation in full swing. Hydro President & CEO Hilde Merete Aasheim said, “It is great that the B line at Hydro Husnes is finally producing aluminium again. The restart fits well with Hydro's strategy of lifting profitability and driving sustainability. The world will have access to more renewable energy-based and infinitely recyclable aluminum, and with the technology upgrades that have been implemented, we can...
Vedanta cuts its aluminium ingot and product prices by INR1750/t after raising them for six times in a row
Vedanta has reduced the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 25, after increasing them for six times in a row till a week ago. The company has cut its aluminium prices in tandem with the downtrend of global aluminium benchmark price on the London Metal Exchange. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 164,750–177,750 per tonne, down by INR 1,750 per tonne from INR 166,500-179,500 per tonne on last Thursday, November 19. The company has cut its aluminium wire rod price by INR 1,750 per tonne as well. Thus, the price is now hovering at INR 172,250–179,750 per tonne, as against INR 174,000-181,500 per tonne on November 19. Vedanta’s aluminium billet price is at INR 172,750 per tonne, as of November 25,...
Alba tops ESG ratings list among companies in Bahrain for the second year in a row
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, announced on Tuesday, November 24, that it topped the Environmental, Social and Governance (ESG) ratings list by ESG Invest yet again for the second consecutive year in Bahrain. ESG Invest ratings quantify the ESG performance of companies in the Arab world against 200-plus ESG quantitative and qualitative Performance Indicators and more than 40 ESG criteria derived from International Standards and National Visions. Commenting on this milestone, Alba’s Chief Executive Officer, Ali Al Baqali, said: “Ranking number ONE by ESG Invest in Bahrain endorses Alba’s sound corporate transparency and stakeholder accountability. We believe that ESG should be the Forward Focus especially as COVID-19 has accelerated the...
China’s A00 aluminium ingot price exceeds RMB16000/t on higher market demand; Aluminium alloys(ADC12) price grows by RMB100/t
China’s A00 aluminium ingot price has outshone the level of RMB 16,000 per tonne on Wednesday, November 25, found the Shanghai Metals Market. Soaring by RMB 190 per tonne, the primary aluminium ingot price has come in at RMB 16,120 per tonne today, with average prices expected to range between RMB 16,100 per tonne and RMB 16,140 per tonne. The spot contract is likely to be traded at a premium price of RMB 90-130 per tonne, down by RMB 10 per tonne from November 24. Restriction on aluminium scrap imports by China has fuelled the use of domestic primary aluminium, resulting in higher consumption and lower inventories. As a consequence, the domestic primary aluminium ingot price has significantly grown by RMB 1290 per tonne in less than a month. Among the major Chinese cities, Foshan and...
LME aluminium price fell for the second day in a row to $1964.5/t; SHFE rose to $2434/t
Three-month LME aluminium rose 0.91 per cent to close at US$ 1985.50 per tonne on Tuesday, November 24, with open interest rising to 727,000 lots. The pressure at US$ 2000 per tonne will be monitored in the near term. It is expected to trade between US$ 1,960-2,000 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended the downfall on Tuesday by US$ 5 per tonne to stand at US$ 1964.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1981 per tonne, decreasing by US$ 4.50 per tonne from US$ 1985.50 per tonne on November 23. Dec 21 bid price and Dec 21 offer price dropped marginally by US$ 1 per tonne to come in at US$ 2005 per tonne. The LME aluminium opening stock extended downfall from 1395525 tonnes to 1392250 tonnes on November 24....
Aluminium can shortage has put Northern Michigan breweries into trouble
Northern Michigan Breweries are reportedly facing losses for the shortage of aluminium cans. Russell Springsteen, owner of Right Brain Brewery, a microbrewery that serves its own brands of brews in a creative, industrial site, has reported that they started getting a heads up about the possible shortage of aluminium cans during this time last year. The problems with aluminium can supply in Northern Michigan began much before the onset of COVID-19, according to Short’s Brewing Company CEO Scott Newman-Bale. He said, “With tariffs coming in, that kind of amped it up to the next level, and then what really pushed it over the edge was COVID where people are just at home consuming.” Newman-Bale added that his brewing company requires approximately 12 million cans a year. Right now, it has 1...
BIS quality standards are much needed to check cheap, sub-standard aluminium scrap imports into India, says experts
Aluminium Industry experts are reportedly emphasising the urgent need for BIS (The Bureau of Indian Standards) quality standards for aluminium scrap to hinder the imports and use of cheap and sub-standard scrap in India. The BIS standards will ensure quality, environment, and safety concerns as per the global benchmarks to facilitate fair trade of aluminium scrap and enable the availability of the right quality of scrap with zero harmful effects on the environment. Since the time China implemented National Sword Policy and other measures to restrict scrap imports, the entire global scrap chain started directing towards India. Besides, lack of sufficient tariff and non-tariff barriers, low import duties, and absence of BIS quality standards for recycling and usage of scrap has further...
Azeraluminium LLC and German Company start working on aluminium product expansion project; Selects Deloitte for audit
Azeraluminium LLC, a subsidiary of Azerbaijan Industrial Corporation OJSC, and German company Achenbach Buschhutten have started working on expanding aluminium production based on a preliminary agreement signed between them in Azerbaijan. Through the expansion, the companies intend to produce a wider range of value-added aluminium products using new advanced technologies, said a source in the corporation. As per the source, the companies have already started carrying out certain works for this project, such as feasiblity study. "Within the framework of the ongoing work, the preparation of a feasibility study meeting international standards ranks one of the main places," the source noted. One of the primary conditions for preparing a feasibility study for this project is that it should be...
Jamaica’s environment and community groups to legally challenge the government’s bauxite mining permission in Puerto Bueno
According to a recent report, environment and community groups in Jamaica are planning to challenge the government’s bauxite mining permission in Puerto Bueno area in the courts backed by the Office of the Public Defender. The latter will offer legal aid to stakeholders of Puerto Bueno Mountain, in the Dry Harbour Mountains of St Ann parish, and in the Cockpit Country forest, for the constitutional fights to stop mining. Jamaica’s government has granted a license to Jamaica World LLC to mine in Puerto Bueno, which happens to be home to endangered species. As per the report, the government has granted permission despite a denial earlier by the National Environment and Planning Agency for an environmental permit. The environment and community groups in Jamaica have won the backing of an...
LME aluminium price opened the week with a fall of 0.73% to $1969.5/t; SHFE decreased to $2397/t
Three-month LME aluminium began the week on Monday, November 23, with a 0.98 per cent fall to settle at US$ 1967.5 per tonne, with open interest rising to 726,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. LME aluminium cash (bid) price and LME official settlement price declined on Monday, November 23, by US$ 14.5 per tonne or 0.73 per cent to stand at US$ 1969.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1985.50 per tonne, decreasing by US$ 10 per tonne from US$ 1995.50 per tonne on November 20. Dec 21 bid price and Dec 21 offer price came in at US$ 2006 per tonne from US$ 2014 per tonne last week. The LME aluminium opening stock extended downfall from 1399525 tonnes to 1395525 tonnes on November 23. Live Warrants hovered at 1232800...
ENVE launches a new range of mountain bike stems made of aluminium alloy
The US-based brand ENVE has reportedly launched a new range of mountain bike stems made of aluminium alloy. The stems are cold-forged, precision-machined, and purpose built, and also customised for pairing with the brand’s M series carbon handlebar offering. The stems are available in 31.8mm and 35.0mm clamp diameters, with both clamp models offered with a zero degree rise in 35mm, 50mm, and 65mm lengths. ENVE has been slowly introducing aluminium products in its collection, including rim and disc brake compatible road hubs. “To be successful as a carbon manufacturer, you must first have an intimate understanding of machining,” stated VP of engineering Scott Nielson. “Behind every successful carbon design, is an equally clever mould design that was machined typically from aluminium or...
Tomago Aluminium supports Federal Government’s threat to build 1000MW gas plant for fuel energy supply
Tomago Aluminium’s chief executive officer Matt Howell has reportedly supported the federal government for its warning to intervene in the National Electricity Market and build a gas plant on a condition of ‘like-for-like’ power when AGL’s Liddell coal-fired power plant shuts. Mr Howell has also praised the decision of Queensland zinc refinery Sun Metals to powering its entire operations with renewable electricity by 2040, but mentioned that it is not possible for Tomago’s Hunter Valley aluminium smelter to follow the same. He said, "I spent a bit of time on the zinc industry, and I know for a fact that they can ramp down the current in a zinc furnace, and just leave it there for a few days. But you can't do that with aluminium, you can't do it with a blast furnace.” He added, "So every...
Vedanta Lanjigarh alumina refinery distributing solar lights to every household under ‘Energy Conservation Project’
Vedanta Lanjigarh, India’s premier producer of metallurgical grade alumina, has begun the ‘Energy Conservation Project’ to promote clean lighting and clean cooking in the villages of Lanjigarh. Under the project, the company has already distributed solar lights to every household in Dengsargi village. This initiative is specially designed, aiming at involving employees in community development projects. This initiative is also to ensure non-polluting, reliable, and affordable source of energy for the community in a sustainable manner. The distribution of solar lights and fuel-efficient chullah to replace firewood will improve energy efficiency in the villages, reduce respiratory health risks among women and children, and save costs. Prior to this, solar lights were also distributed in...
China’s A00 aluminium ingot price grows closer to RMB16000/t; Alumina price declines to RMB2279/t
A00 aluminium ingot price has grown by RMB 50 per tonne to stand closer to RMB 16,000 per tonne, as of Monday, November 23. Shanghai Metals Market data shows the primary aluminium ingot price today is hovering at RMB 15,980 per tonne, with average prices expected to range between RMB 15,960 per tonne and RMB 16,000 per tonne. Robust demand for primary aluminium among downstream consumers and continuous decline in inventories are attributing to the increases in A00 aluminium ingot price. Spot contract today is estimated to be traded at a premium price of RMB 100-140 per tonne. Among the major Chinese cities, Linyi has seen the highest growth of primary aluminium ingot price today by RMB 150 per tonne to RMB 16,030 per tonne, followed by the rise in Foshan by RMB 110 per tonne to RMB 16,050...
