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 grows 3.85% M-o-M; output in West Europe rebounds to 280,000t
In October 2020, primary aluminium production in East & Central Europe stood at 351,000 tonnes, up by 13,000 tonnes or 3.85 per cent from 338,000 tonnes in September 2020, according to the latest data showed by the International Aluminium Institute (IAI). The output grew in October after a plunge in the previous month by 11,000 tonnes or 3.15 per cent from 349,000 tonnes in August. In July 2020, East & Central Europe’s primary aluminium output also stood at 349,000 tonnes, meaning the production in August remained flat month-on-month. On a year-on-year calculation, primary aluminium production in East & Central Europe in October 2020 stood lower by 5,000 tonnes or 1.4 per cent from 356,000 tonnes. In the entire ten months of the year, primary aluminium production in East & Central Europe...
Africa’s primary aluminium production grows 3.82% M-o-M in October 2020 following a dip in September
Africa’s primary aluminium production in October 2020 grew month-on-month by 5,000 tonnes or 3.82 per cent, following a dip in the previous month. According to the International Aluminium Institute (IAI) data, Africa’s primary aluminium output in October came in at 136,000 tonnes compared with 131,000 tonnes in September. In August 2020, Africa produced 135,000 tonnes of primary aluminium; hence, the output in September was down by 4,000 tonnes or 2.96 per cent. In August, however, Africa’s production improved month-on-month from 133,000 tonnes in July. But despite the month-on-month hike, Africa’s primary aluminium production in October 2020 stood down on a yearly basis. During the same period last year, Africa’s primary aluminium output had amounted to 138,000 tonnes, which means the...
LME aluminium price closed 2.64% higher this week at $1984/t after a dip in the previous week; SHFE grew to $2403/t
Three-month LME aluminium trended up this week during November 16-20 by 1.84 per cent. On Monday, November 16, three-month LME aluminium rose 0.96 per cent to stand at US$ 1953 per tonne. On Tuesday, November 17, the price stood at US$ 1982 per tonne further growing by 1.48 per cent. On Wednesday, November 18, it increased marginally by 0.4 per cent to settle at US$ 1990 per tonne, while on November 19, fell 0.05 per cent to come in at US$ 1989 per tonne. LME aluminium cash (bid) price and LME official settlement price grew this week by US$ 51 per tonne or 2.64 per cent. Starting the week on Monday, November 16 at US$ 1933 per tonne, both LME aluminium cash (bid) price and LME official settlement price climbed to US$ 1944.50 per tonne on Tuesday, November 17, marking a hike for the third...
Hong Kong-based Hotel Group decides to replace single-use plastic with aluminium across all its 33 worldwide properties
According to a recent report, Mandarin Oriental Hotel Group (MOHG), a Hong Kong-based hotel investment and management group, has decided to eliminate the usage of single-use plastic across all its 33 luxury hotels located worldwide by March-end. The hospitality group has planned to stop single-use plastic across all areas of its hotels like rooms, spa, transport restaurants, bars, offices, and kitchens. Plastic water bottles have already been replaced with aluminium and glass bottles, while small plastic toiletry containers are to be replaced with recyclable aluminium amenity bottles or wall mounted dispensers. Other items that have also been eliminated and replaced with eco-friendly alternatives are cocktail sticks, straws, body scrubs, tasting spoons, plastic spatulas and takeaway bags....
US aluminium plates, sheets and bars imports from Canada remain flat at 18,300 tonnes in August 2020
The United States imports of aluminium plates, sheets and bars from Canada stood flat in August 2020 at 18,300 tonnes, following an increase in July by 2,700 tonnes or 17.65 per cent from 15,3000 tonnes in June to 18,000 tonnes, according to the USGS data. The imports in June from Canada were also higher than the previous month by 6,430 tonnes or 72.49 per cent, as the imports in May were at 8,870 tonnes. In April, the US imported 7,970 tonnes of aluminium flat rolled products from Canada, meaning the imports in May saw M-o-M hike of 11.29 per cent. Thus, the above data shows the United States aluminium plates, sheets and bars imports from Canada stood flat in August 2020 after three consecutive months of surge. On a year-on-year calculation, the United States imports of aluminium flat...
ASI to expand its team with two new positions for more efficient & effective Certification workflows
Aluminium Stewardship Initiative is seeking to expand its team for offering better service and thus, looking for employees for two new positions – 1) Certifications Manager and 2) Database Development and Support – Knack. ASI has already started accepting applications for the new positions, and the last date for submission is December 1, 2020. Both the positions are permanent and full time. While Certifications Manager will report to Director of Assurance, Database Development and Support – Knack will report to elementAl Manager. Certifications Manager is a newly created role and will be responsible for managing the efficiency and effectiveness of ASI Certification workflows, supporting the integrity and impartiality of assurance processes, and improving the ASI program. The candidate...
Wyda Packaging SA now offers a wide array, top quality aluminium foil products online
While having its roots firmly anchored in Brazil, Wyda Packaging South Africa is increasingly expanding its business in the African continent with top quality aluminium foil products and services. In October 2020, Wyda South Africa launched an online factory outlet for companies requiring small quantities. So, now all its aluminium foil products are available online for convenient shopping.In 2016, Wyda Packaging first established its first foreign subsidiary outside Brazil in Johannesburg. Wyda Packaging South Africa focuses on the production of disposable aluminium foil containers in various shapes. It also supplies light and heavy-duty aluminium foil for the food products and catering industry. For spreading their wings further in South Africa, the company may call on Wyda Brazil,...
LME aluminium price grew slower to stand at $1983/t; SHFE price dropped to $2403/t
Three-month LME aluminium fell 0.05 per cent to close at US$ 1,989 per tonne on Thursday, November 19, with open interest falling to 724,000 lots. It is expected to trade between US$ 1,970-2,010 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price grew further on Thursday, November 19, although slower than the previous days, by US$ 5 per tonne to stand at US$ 1,983 per tonne. 3-months bid price and 3-months offer price stood at US$ 1,994.50 per tonne, almost flat compared with US$ 1,994 per tonne on November 18. Dec 21 bid price and Dec 21 offer price exceeded US$ 2,000 per tonne to stand at US$ 2,013 per tonne. The LME aluminium opening stock decreased from 1409575 tonnes to 1404425 tonnes on November 19. Live Warrants hovered at 1238775 tonnes, while...
Hindalco back-to-back hikes its aluminium ingot price w.e.f November 19; price grows close to INR17,000/t
Hindalco Industries Limited is incessantly expanding the prices of its aluminium ingots and aluminium products since October 31 as the global aluminium benchmark price on the London Metal Exchange has surged significantly over more than a week. Like any other Indian aluminium producers, Hindalco links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange. With effect from November 19, Hindalco has increased the price of its aluminium ingot by INR 2,250 per tonne to INR 169,500 per tonne, marking the seventh consecutive time. The company’s aluminium wire rod price has also gained INR 2,250 per tonne on November 19 to come in at INR 180,600 per tonne as against INR 178,350 per tonne a day earlier. Hindalco’s aluminium billets...
China's primary aluminium inventories decline for the fifth consecutive week to stand at 615,000 tonnes
China’s social inventories of primary aluminium have declined today, on November 19, for the fifth consecutive week, although lower than the last week. Shanghai Metals Market data shows the inventories have plunged by 14,000 tonnes this week across eight major Chinese consumption areas, including SHFE warrants, to stand at 615,000 tonnes. Last Thursday, November 12, primary aluminium stocks shrank by 25,000 tonnes to come in at 629,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: The downfall in primary aluminium inventories today has, however, not touched upon all the major Chinese cities today except Nanhai, Wuxi, and Shanghai. While the inventories in Nanhai have declined by 12,000 tonnes over the week to 171,000...
Alcore to achieve the lowest production cost of aluminium fluoride, estimates ABx in recent economic assessment
Australian Bauxite Limited (ASX:ABX) has reported the economic assessment of its 89 per cent owned subsidiary Alcore Limited and work being undertaken by Alcore to process aluminium fluoride (AlF3). Aluminium fluoride is a mineral used for smelting aluminium. It is also being investigated for advanced lithium-ion batteries. Alcore aims to become the first domestic producer of aluminium fluoride which will diversify and increase the security of supply for Australian smelters. It will also enable the country to export to other smelters worldwide. Currently, Australian aluminium smelters rely entirely on imported AlF3. In the last 12 months, smelters secured more than 26,000 tonnes of AlF3 at an average US$ 1,266 per tonne from China alone. Alcore AlF3 is the world’s first production of the...
Dudley’s Aluminium bags Cardiff’s new redevelopment project contract worth above £6million
WALES’ leading aluminium fabricator Dudley’s Aluminium will again help in the redevelopment of Cardiff’s Central Square as it begins work on a major multi-million-pound project. Dudley’s Aluminium has secured the contract worth more than £6million, along with ISG. They will work closely with Rightcares, the developer of Central Square, to ensure that the project continues to meet the high standards required for the multi-layered development. The redevelopment project includes building new, state-of-the-art bus and coach stations and also dynamic offices and residential accommodation in a key city centre location. Dudley’s Aluminium has bagged the contract for the latest project in the redevelopment – The Interchange. The Welsh fabricator will supply and install a range of high –quality...
A00 aluminium ingot price in China nears RMB16000/t amid muted input costs
A00 aluminium ingot price in China has extended its growth on Thursday, November 19, to stand close to RMB 16,000 per tonne, according to the Shanghai Metals Market. Data shows the price has jumped by RMB 170 per tonne and standing at RMB 15,920 per tonne, with average prices likely to range between RMB 15,900-15,940 per tonne. The spot contract is expected to trade at RMB 140-180 per tonne. In Gongyi and Foshan, the primary aluminium ingot price has also hiked by RMB 170 per tonne to come in at RMB 15,780 per tonne and RMB 15,920 per tonne, respectively. Chongqing has seen the highest growth of RMB 185 per tonne to RMB 15,855 per tonne, while that in Shenyang and Wuxi has increased by RMB 155 per tonne and RMB 150 per tonne to come in at RMB 15,865 per tonne and RMB 15,910 per tonne,...
Labor leader Anthony Albanese assures job safety to Tomago Aluminium plant workers
On Tuesday, November 17, Labor leader Anthony Albanese, accompanied by MP Meryl Swanson, toured Tomago Aluminium, Australia’s largest aluminium smelter. The Tomago tour was part of Labor’s plan to support more manufacturing jobs in the wider Hunter area. "Our plan is about the security of workers," Ms Swanson said, while adding, "This government has had over 22 energy policies, yet nothing had had an impact on price or assurance for the industry. We need to keep the jobs we've got and we need to support new jobs coming online into the future.” She also said, "We have practical sensible policies to keep Australians working. Labor will always work hand in hand with workers to ensure fair policy that protects jobs and guarantees industry." Labor leader Anthony Albanese assured job safety to...
US aluminium scrap exports to Indonesia continue to grow for the third month in a row to 13,500 tonnes in Aug 2020
The United States aluminium scrap exports to Indonesia have been incessantly growing over the past three months since June 2020, following a month-on-month plunge in May from 5,620 tonnes to 4,510 tonnes. The US Geological Survey found the United States in August exported 13,500 tonnes of aluminium scrap to Indonesia, up by 3,400 tonnes or 33.66 per cent from 10,100 tonnes in July. In June, aluminium scrap exports from the United States to Indonesia significantly increased by 5,270 tonnes or 116.85 per cent month-on-month to 9,780 tonnes, followed by a very marginal rise of 320 tonnes in July. On a year-on-year basis, the United States aluminium scrap exports to Indonesia in August 2020 expanded by 4,060 tonnes or 43 per cent from 9,440 tonnes. In the first eight months of the year...
Hindalco’s aluminium ingot & product prices again see a hike of INR1750/t on November 18
Hindalco Industries Limited continues to hike its aluminium ingot and aluminium product prices for the sixth time in a row. With effect from Wednesday, November 18, Hindalco has increased the price of its aluminium ingot from INR 165,500 on November 14 to INR 167,520 per tonne. This represents the growth of INR 1,750 per tonne or 1.06 per cent over the last four days. After a hike today, Hindalco’s aluminium wire rod price has come in at INR 178,350 per tonne, also up by INR 1,750 per tonne from INR 176,600 per tonne. Its aluminium billets price is standing at INR 174,350 per tonne as against INR 172,600 per tonne last Saturday. Hindalco links the prices of its aluminium ingot and aluminium products to the three-month futures of aluminium on the London Metal Exchange, which after November...
Rheinmetall’s Hasco KSPG Nonferrous Components to supply aluminium electromotor housings for electric vehicles
Chinese-German joint venture and the first tier auto industry supplier Hasco KSPG Nonferrous Components (KPSNC) has bagged a six-years order contract for aluminium electromotor housings from an internationally operating maker of premium automobiles. Designed for a water-cooled synchronous motor with four different performance levels, the new electromotor housings will be installed in the OEM’s entire fleet of electric vehicles. Serial production will start in June 2023 at Hasco KSPG Nonferrous Components (KPSNC) plant in China’s Anhui Province, where the components will be cast and finished machined. Hasco KSPG Nonferrous Components is a joint venture of Rheinmetall Automotive AG, which, encompassing KS Huayu AluTech GmbH in Germany and KPSNC in China, has etched a unique name in...
Zouping Hongfa Aluminium Science Technology Co. Ltd. to obtain China’s largest melting furnaces from Andritz AG
Zouping Hongfa Aluminium Science Technology Co. Ltd. has reportedly placed an order for one melting and holding furnace cell with Andritz AG, an Austrian plant engineering group with headquarters in Graz. The furnace cell will be installed in Zouping Hongfa’s plant in Shandong Province, China, and is expected to commence operations in the first quarter of 2022. The new furnace cell supplied by Andritz AG will incorporate the largest furnaces in China, with two 115-tonnes round-top melters and two 125-tonnes tilting holders. According to the report, this will be the most advanced equipment and technology for state-of-the-art operation, ensuring the highest environmental protection. Besides, the order includes engineering, manufacturing, commissioning, start-up, and follow-up services. In...
