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.
LME aluminium price continued to hike for the third consecutive day to settle at $1944.5/t; SHFE closed higher at $2369/t
Three-month LME aluminium rose 1.48 per cent to close at US$ 1982 per tonne on Tuesday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price continued to record a hike on Tuesday, November 17, for the third day in a row to stand at US$ 1944.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1961 per tonne, growing by US$ 14.50 per tonne from US$ 1946.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1989.50 per tonne versus US$ 1978.50 per tonne on Monday, November 16. The LME aluminium opening stock increased from 1413775 tonnes to 1416700 tonnes on November 17. Live Warrants hovered at 1261550 tonnes, while Cancelled Warrants...
Alcoa Corporation to participate in Goldman Sachs Global Metals & Mining Conference on November 19
On Friday, November 13, Alcoa Corporation announced that the company’s Executive Vice President and Chief Financial Officer, William F. Oplinger, would participate in Global Metals & Mining Conference to be hold by Goldman Sachs virtually on Thursday, November 19 at 9:00 am EST. The session will be available through a live audio webcast hosted on the “Investors” section of Alcoa’s website ( www.alcoa.com ). A slide presentation, to be used in connection with the conference and investor meetings, will be available on the “Investors” section of the same website. An audio replay will also be available after the session on the “Investors” section. Alcoa is the world's eighth largest producer of aluminium, with corporate headquarters in Pittsburgh, Pennsylvania. It is also a global leader...
Karnataka state chief secretary directs to take necessary action against illegal transportation of red bauxite
Karnataka state chief secretary T M Vijay Bhaskar has directed Dakshina Kannada district administration and the mines and geology department to look into the complaint on illegal transportation of red bauxite from the district. The complaint was filed by former minister B Ramanath Rai, following which the chief secretary asked the district administration and the mines and geology department officials on Thursday, November 12, to take the necessary action as per the rule. Mr Rai reported the red soil available in Kairangala, Pajeeru, Ira, Kurnadu and Balepuni villages of Bantwal taluk has aluminium content, which is known as red bauxite. He said, “There is a huge demand for red bauxite since it is being procured by cement companies. Hence, red bauxite is being transported from villages of...
NALCO raises its aluminium ingot price for the sixth time in a row by nearly 2% to INR 167,050-170,550/t w.e.f. Nov 17
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium product prices for the sixth time in a row with effect from Tuesday, November 17. Compared with the hike of INR 1,400 per tonne on November 13, NALCO has increased its aluminium ingot price by INR 3,000 per tonne or 1.83 per cent today. Hence, the company is now selling its aluminium ingot at INR 167,050 – 170,550 per tonne as against INR 164,050-167,550 per tonne on November 13. NALCO has also increased the price of its aluminium wire rod price by INR 3,000 per tonne from INR 167,550 – 171,900 per tonne on November 13 to INR 170,550 – 174,900 per tonne on November 17. With the last hike, NALCO’s aluminium billet price has come in at INR 170,500 – 173,150 per tonne today, as against INR...
Alvance Aluminium to invest £94 million in building new aluminium casting & recycling facilities at Fort William smelter
Alvance Aluminium, a subsidiary of industrial tycoon Sanjeev Gupta’s GFG Alliance, declared that it would invest £94 million in expanding its Fort William operations by building new facilities for aluminium casting and recycling. This project is expected to secure Fort William’s future as a ‘Green Aluminium’ hub, doubling the aluminium production in Lochaber to 80,000 tonnes per annum from just over 40,000 tonnes at present. The new project will deploy 70 new employees and safeguard the jobs of 200 existing personnel. According to a report, Alvance is all set to lodge a planning application with Highland Council for the project. The new casting facility will produce billets or long-rounded shapes that can be moulded into different products for use in the domestic sector. The proposal for...
Hindalco’s aluminium ingot price further rose to INR165,500/t on Nov 14 in line with incessant LME aluminium price hike
Hindalco Industries Limited has further increased the prices of its aluminium ingot and aluminium products, with effect from Saturday November 14. This marks the fifth consecutive time since October 31, 2020, that Hindalco has been increasing its aluminium prices. On November 14, the company expanded its aluminium ingot price by INR 1,750 per tonne to sell the product at INR 165,500 per tonne. The company’s aluminium wire rod has also been increased by INR 1,750 per tonne from INR 174,850 per tonne to INR 176,600 per tonne, as of November 14. With this latest hike, the price of Hindalco’s aluminium billets has come in at INR 172,600 per tonne compared with INR 170,850 pert tonnes on November 13. Hindalco links the prices of its aluminium ingot and aluminium products to the three-month...
China’s secondary aluminium operating rates dropped in October than expected due to low downstream pre-scheduled orders
In October 2020, operating rates of China’s secondary aluminium industry declined 2.1 per cent month-on-month to stand at 57.5 per cent, found the Shanghai Metals Market. On a year-on-year calculation, the operating rates dropped by 3 per cent, marking a greater fall compared with last year’s October. The plunge of secondary aluminium industry’s operating rates was sharper than expected due to lower productivity at producers and downstream pre-scheduled orders in the National Day Holidays. Moreover, with the news of import liberalization of scrap aluminium at the end of October, downstream wait-and-see sentiment increased significantly, further reducing the new orders for secondary aluminium plants. In September 2020, China’s secondary aluminium producers’ operating rates stood at 59.6...
China’s A00 aluminium ingot price trends down by RMB80/t after seven consecutive days of hike; Input costs remain muted
After hiking for the seven consecutive days, A00 aluminium ingot price has trended down by RMB 80 on Tuesday, November 17, to stand at RMB 15,590 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot contract to be traded at a premium price of RMB 160-200 per tonne, up by RMB 180 per tonne. In Gongyi, A00 aluminium ingot price has slumped by RMB 90 per tonne to come in at RMB 15,450 per tonne, followed by the downfall of RMB 80 per tonne in Foshan and Wuxi to peg at RMB 15,590 per tonne and RMB 15,600 per tonne, respectively. In Chongqing, primary aluminium price has declined by RMB 70 per tonne to RMB 15,520 per tonne, while that in Shenyang and Hangzhou has dwindled by RMB 65 per tonne and...
AlCircleBiz is now Live! - World’s first-of-a-kind online marketplace for aluminium value chain
We are happy to announce the launch of “AlCircleBiz” - the first-of-a-kind global online B2B marketplace platform for the entire aluminium value chain. The official launch took place on November 14, 2020, in the presence of AlCircleBiz Team. AlCircleBiz is a unique initiative to connect millions of buyers and sellers across the aluminium eco-system. It’s the online ecommerce platform of the AlCircle Group that has been providing news about the industry & facilitating global trade opportunities for the past 10 years. With the mission of practising absolute transparency, AlCircleBiz is all set to connect buyers and sellers through enquiries against listed products and business leads. It aims to build strong supply chain, minimise dependency on intermediaries, and deliver desired value to...
NALCO now selling its aluminium ingot at INR1400/t higher with effect from November 13
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium product, although lesser than the previous week, with effect from Friday, November 13. Compared with the hike of INR 4,500 per tonne on November 4, NALCO has raised its aluminium ingot price on November 13 by INR 1,400 per tonne or nearly 1 per cent from INR 162,650-166,150 per tonne to INR 164,050-167,550 per tonne. With the latest hike, NALCO’s aluminium billets price has come in at INR 167,500-170,150 per tonne, also up by INR 1,400 per tonne from INR 166100- 168750 per tonne. NALCO is selling its aluminium wire rod at INR 167550-171900 per tonne at the present as against 166150-170500 per tonne on November 4. NALCO links its aluminium ingot and aluminium product prices to...
Hyundai plans to bring mass-market electric vehicle in India investing over $40 billion into innovation
South Korean carmaker Hyundai Motor India Limited (HMIL) is reportedly planning to launch a mass electric vehicle in the Indian market to further strengthen its product line and also its position as a smart mobility provider, said a top executive to ETAuto in an exclusive interaction. Seon Seob Kim, MD & CEO, Hyundai Motor India, said: “Currently EV segment is kind of a nice segment. So, we don’t see any deep pulling demand in that area. However, if more mass-market products are introduced in the segment it will surely gain traction. So we are preparing and developing a mass-market electric vehicle for India.” Kim emphasised that the research and development team of Hyundai India has already started working on the most suitable body types of electric vehicles for the Indian market,...
Vedanta’s aluminium wire rods & billets prices increase for the third time in a row by INR1500/t w.e.f. Nov 13
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne or 1 per cent from INR 167,000-174,500 per tonne to INR 168,500-176,000 per tonne. Aluminium billets price has been increased by INR 1500 per tonne as well from INR 167,500 per tonne on November 4 to INR 169,000 per tonne on November 13. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 161,000-174,000 per tonne as compared with INR 159,500-172,500 per tonne last week, November 4. Vedanta links its aluminium ingot and aluminium product prices to the three-month futures of...
Hindalco expands its aluminium ingot price by INR2000/t after more than a week
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium products after more than a week, with effect from Friday, November 13. The company's aluminium ingot price is now standing at INR 163,750 per tonne, registering a hike of INR 2,000 per tonne or 1.24 per cent from INR 161,750 per tonne last week, November 4. The marks an increase for the fourth time in a row, however, lower than the previous week compared with INR 4,750 per tonne. Hindalco has raised its aluminium wire rod price by INR 2,000 per tonne as well from INR 172,850 per tonne on November 4 to INR 174,850 per tonne on November 13. With the latest hike, the company’s aluminium billets price pegged at INR 170,850 per tonne versus INR 168,850 per tonne last week. Hindalco links the prices of its...
A00 aluminium ingot price in China stands RMB140/t higher to close the week above RMB15600/t
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the week on Friday, November 13, at RMB 15,630 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,610 per tonne and RMB 15,650 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne, up by RMB 10 per tonne from the previous day. Chongqing has seen the highest growth in primary aluminium ingot price today of RMB 165 per tonne to come in at RMB 15,570 per tonne, followed by the surge of RMB 160 per tonne in Wuxi and Hangzhou...
SMaRT Centre in Sydney discovers a new sustainable recycling technology to advance ‘green aluminium’ manufacturing
Research by the UNSW Sustainable Materials Research and Technology (SMaRT) Centre in Sydney has discovered a new sustainable way of recycling that could initiate a new ‘green aluminium manufacturing revolution’ and help the government and aluminium industry to advance Australian manufacturing, increasing sustainability, and creating jobs. The new way of recycling includes an innovative technique based on the microrecycling science to recover aluminium from complex, multi-layered packaging, especially polymer-laminated aluminium packaging (PLAP) materials, which include post-consumer food and coffee packaging. Pioneered by the SMaRT Centre under the leadership of its Director and Professor Veena Sahajwalla, the new technique called ‘Thermal Disengagement Technology’ is specially designed...
China’s primary aluminium inventories shrink by 25,000t this week on increasing demand and limited stock arrivals
Further increase in demand among downstream producers and limited arrivals of stocks to warehouses have led to a loss of 25,000 tonnes in social primary aluminium inventories this week ending on Thursday, November 12, found the Shanghai Metals Market. SMM data shows the stocks have declined across eight major consumption areas in China, including SHFE warrants, to stand at 629,000 tonnes, as against 654,000 tonnes last week , on November 5. The decline in primary aluminium inventories has, however, reduced week-on-week as the stock last week fell by 34,000 tonnes, learned SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: The inventories in Nanhai have reduced by 17,000 tonnes to stand at 184,000 tonnes, while that in Wuxi and...
30% electric vehicles penetration into automobile market can help India save INR 1 lakh crore on crude oil imports
Recently, a study by the Council on Energy, Environment and Water (CEEW) reveals that India can save up to INR 1 lakh crore ($14 billion) annually on crude oil imports if it indulges in electric vehicles and allow to garner 30 per cent share of the country’s new vehicle sales by 2030. The increase in electric vehicles penetration can also boost the combined market size of powertrain, battery and public chargers to more than INR 2 lakh crore ($28 billion) in India, while creating 1,20,000 new jobs. The CEEW study, supported by the Shakti Sustainable Energy Foundation, also shows that 30 per cent penetration of electric vehicles into the automobile market can also lead to several environmental benefits, such as a 17 per cent decrease each in nitrogen oxide and dioxide emissions, 18 per cent...
IAI releases Fatigue Risk Management guidelines for the aluminium industry
On Wednesday, November 11, the International Aluminium Institute (IAI) published a set of guidelines on Fatigue Risk Management for the aluminium industry, aiming to help IAI member companies and other aluminium industry stakeholders to manage fatigue in the workplace with a systematic approach. Commenting on the Guidelines, IAI Deputy Secretary General Chris Bayliss said: “There is overwhelming evidence that fatigue, a consequence of lack of sleep, negatively impacts both the health and the safety of workers. It is therefore important that fatigue is identified as a health and safety risk and management system are put in place to control that risk. This is particularly relevant as the industry adapts its working practices to manage Covid and other disease transmission risks.” The...
