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.
World primary aluminium production declines 1.81% M-o-M in September 2020, but total output in Jan-Sept up by 2.1%
The latest data released by the International Aluminium Institute for September 2020 shows the world primary aluminium production stood at 5.42 million tonnes, down by 1.81 per cent from 5.52 million tonnes in August 2020. However, on a year-on-year basis, the output grew by 4.03 per cent from 5.21 million tonnes. Total primary aluminium production from January to September 2020 came in at 48.61 million tonnes versus 47.61 million tonnes during the same period last year. This means the world primary aluminium production during the first nine months of 2020 stood higher by 1 million tonnes or 2.1 per cent year-on-year. In China, primary aluminium production in September 2020 stood at 3.15 million tonnes, lower by 1 per cent than 3.18 million tonnes in August 2020 but 8.25 per cent higher...
LME aluminium price decreased to $1826/t on aluminium opening stock rally, SHFE price slipped by $2/t
Three-month LME aluminium weakened 0.33 per cent to end at US$ 1,839.5 per tonne on Tuesday, October 20, and is likely to fluctuate between US$ 1,820-1,860 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased for the second consecutive day from US$ 1848 per tonne to US$ 1826 per tonne, as of Tuesday, October 20. 3-months bid price and 3-months offer price stood at US$ 1844 per tonne, down by US$ 15 per tonne from US$ 1859 per tonne on October 19. Dec 21 bid price and Dec 21 offer price declined from US$ 1911 per tonne to US$ 1902.50 per tonne. The LME aluminium opening stock increased from 1406550 tonnes to 1421500 tonnes. Live Warrants stood at 1199300 tonnes, while Cancelled Warrants at 222200 tonnes. LME aluminium 3-months Asian Reference Price...
AMAG receives ASI Chain of Custody Standard Certification for comprehensive sustainability activities
AMAG has recently received the ASI Chain of Custody Standard Certification for its comprehensive sustainability activities towards the supply chain of the aluminium industry. This certification from the Aluminium Stewardship Initiative plays a crucial role for the assurance of transparency and quality. Since 2018 after receiving ASI certification against the Performance Standard, AMAG has been guaranteeing compliance with strict environmental, social, and governance criteria. AMAG’s strategic focus is always on innovative special products and sustainability. The current ASI Chain of Custody Standard Certification is taking AMAG’s sustainability activities up to another level. The company is extending its efforts beyond the confines of the Ranshofen site. With the involvement of the whole...
Hindalco reduces its aluminium ingot price by INR1250/t to INR156250/t with effect from October 20
Hindalco Industries Limited has reduced its aluminium ingot and aluminium product prices by INR 1,250 per tonne with effect from Tuesday, October 20, following a sharp hike of INR 3,500 per tonne on Saturday, October 17. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 156,250 per tonne from INR 157,500 per tonne on October 17. Hindalco’s aluminium wire rod price is now standing at INR 167,350 per tonne, also lower by INR 1,250 per tonne than INR 167,350 per tonne on the previous day. The company’s aluminium billet price is being cut from INR 164,600 per tonne to INR 163,350 per tonne. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which on October 19 declined from US$ 1865.50 per tonne to...
Bharat Aluminium Company wins ‘The Economic Times Best Brands 2020’ title
Bharat Aluminium Company (BALCO) has been recently recognised as one the Best Brands in 2020 by The Economic Times. BALCO is seen as a national leader in aluminium production and well-acknowledged for its consumer trust and quality. So, this prestigious recognition is to celebrate BALCO’s unparalleled value as a brand, its innovativeness, and the ability to deliver the best quality products and services to consumers and channel partners. The conferring of this recognition also represents the strong positioning of BALCO’s reputation in the ever-challenging business environment. BALCO is owned 49 per cent by the Government of India and 51 per cent by Vedanta Limited. BALCO with its world-class smelter and power plants fulfils its mission of spurring emerging applications of Aluminium as the...
Vedanta cuts aluminium ingot price by nearly 1% with effect from October 20 after a sharp hike last day
Vedanta Limited has again reduced its aluminium ingot and aluminium product prices with effect from Tuesday, October 20, following a hike of INR 3,500 per tonne on October 17. With the latest cut, the price of Vedanta’s aluminium ingot has come in at INR 154,250-167,250 per tonne, down by INR 1,250 per tonne or nearly 1 per cent from INR 155,500-168,500 per tonne. Vedanta’s aluminium billet price is now at INR 162,250 per tonne after being reduced by INR 1,250 per tonne from INR 163,500 per tonne. The price of the company’s aluminium wire rod is also down by the same amount to INR 161,750-169,250 per tonne versus INR 163,000-170,500 per tonne on October 17. Like any other Indian aluminium producers, Vedanta generally links its aluminium product prices to the three-month futures of...
Decline in alumina spot price by RMB14/t in China after five days of restraint leads to A00 aluminium ingot downfall
The average alumina spot price in China has declined by RMB 14 per tonne to stand at RMB 2,306 per tonne on Tuesday, October 20, following a restraint at RMB 2,320 per tonne from October 14 to 19, according to the Shanghai Metals Market. In Shandong, the price has decreased by RMB 35 per tonne to RMB 2,285 per tonne, while that in Henan and Shanxi has contracted by RMB 20 per tonne and RMB 10 per tonne to come in at RMB 2,300 per tonne. In Guizhou and Guangxi, the average alumina spot price has continued to be at RMB 2,345 per tonne. The imported alumina price has dipped as well by RMB 10 per tonne to stand at RMB 2,330 per tonne. However, the price of Australian Alumina FOB has remained muted at US$ 277 per tonne. Backed on the decline in alumina spot price, the price of A00 aluminium...
Sustainable bauxite mining required in India to meet estimated aluminium demand growth to 12 MTPA by 2030
Increasing bauxite imports in India has caused an estimated forex loss of over $400 million in the last five years and missed opportunities to generate mass scale employment, a recent report found. This is despite India having the world’s fifth-largest coal and bauxite reserves, which are the two important raw materials for aluminium production. India is also the world's third-largest producer and consumer of aluminium with domestic demand to expectedly expand from 4 million tonnes per annum to 12 million tonnes per annum by 2030. Keeping this estimated aluminium demand growth in mind, a multi-fold increase in bauxite production from current levels of 20-22 million tonnes to 72 million tonnes per year is needed to meet the domestic requirement. Experts suggest bauxite mining creates...
China’s unwrought aluminium and aluminium semis exports continue to increase 7.7% M-o-M in Sept’20
China Customs data released that the country’s unwrought aluminium and aluminium semis exports in September 2020 stood at 426,000 tonnes, up by 7.7 per cent from 395,424 tonnes in August but down by 2.1 per cent from 435,000 tonnes during the same period last year. After the addition of September data, China’s total unwrought aluminium and aluminium semis exports in the first nine months of 2020 stood at 3.56 million tonnes, 18.6 per cent lower than 4.37 million tonnes in a year ago. Slight fall in SHFE aluminium price compared to LME and restocking by overseas buyers ahead of the Chinese National Day holidays attributed to the month-on-month increase in China’s aluminium exports. But on a year-on-year basis, the export extended its decline as the COVID-19 impacts continued to hurt...
India’s aluminium semis exports to the US continue to grow by 127% M-o-M in July 2020
According to the US Geological Survey data for July 2020, India’s aluminium crude metal and alloys exports to the US increased by 127 per cent month-on-month. From 5,150 tonnes in June, India’s exports jumped to 11,700 tonnes in July, shows the data. In May, India’s aluminium crude metal and alloys exports to the US fell sharply by 81 per cent month-on-month from 23,000 tonnes to 4,380 tonnes. However, from June the exports started hiking by 17.58 per cent M-o-M. Year-on-year, India’s aluminium crude metal and alloys exports to the US recorded a hike of 84 per cent from 6,360 tonnes. In the first seven months of the year, India’s total aluminium crude metal and alloys exports to the US stood at 73,000 tonnes, down by 34.23 per cent from 111,000 tonnes during the same period last year....
Hindalco hikes its aluminium prices by INR3500/t w.e.f October 17 after a cut on the previous day
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, October 17, following a cut on October 16. The price of Hindalco’s aluminium ingot has been raised by INR 3,500 per tonne on October 17 after being reduced by INR 1,500 per tonne on October 16. Hence, the price is now standing at INR 157,500 per tonne versus INR 154,000 per tonne on October 16. Hindalco’s aluminium wire rod price has come in at INR 168,600 per tonne with effect from October 17, also up by INR 3,500 per tonne from INR 165,100 per tonne on October 16. The price of aluminium billets is at INR 164,600 per tonne compared with INR 161,100 per tonne on Friday. Like any other Indian aluminium producers, Hindalco links the prices of its products to the three-month...
Three-month LME aluminium climbed to the highest since April at $1,872.5/t; SHFE rebounded to $2217/t
Three-month LME aluminium stood at US$ 1,872.5 per tonne on Friday, October 16, the highest since April 2020, before paring some gains to end 0.49 per cent higher at US$ 1,863.5 per tonne. It is expected to move between US$ 1,840-1,880 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price jumped from US$ 1824 per tonne to US$ 1865.50 per tonne, as of Friday, October 16, after two consecutive downfalls on the previous two days. 3-months bid price and 3-months offer price stood at US$ 1863.50 per tonne, up by US$ 24 per tonne from US$ 1839.50 per tonne on October 15. Dec 21 bid price and Dec 21 offer price increased from US$ 1896 per tonne to US$ 1910 per tonne. The LME aluminium opening stock extended decline 1407025 tonnes to 1406575 tonnes. Live Warrants...
China’s Henan Shenhuo Group expecting to start the second phase of its Yunnan project in Q1 2021
China’s Henan Shenhuo Group is expected to start production at the second phase of its 900,000 tonnes per year aluminium project by the first quarter of CY2021, said an official familiar with the matter. The second phase of the project, located in Wenshan prefecture in Yunnan province, will be having a capacity of 450,000 tonnes per annum, said Li Zhongyuan, general manager of listed unit Henan Shenhuo Coal & Power, on the sidelines of an industry conference. "The second phase of the project in Wenshan should be put into production in the first quarter of next year," Li told Reuters at the China International Aluminium Week organised by Antaike in the southwestern city of Chongqing. With the abundant resources of hydropower, Wenshan has emerged as a major centre of China’s aluminium...
LME aluminium price trended up this week from $1829.5/t to $1865.5/t amid declining opening stock; SHFE price rose to $2185/t
Three-month LME aluminium rose 0.49 per cent on Monday, October 12, to end at US$ 1,856 per tonne. On October 13, it ended 0.16% lower at US$1,853 per tonne an shed further on October 14 to come in at US$ 1,847.5 per tonne. On October 15, however, the price strengthened 0.51% to end at US$1,854.5 per tonne. LME aluminium cash (bid) price and LME official settlement price recorded an uptrend this week during October 12-16 by US$ 36 per tonne amidst declining LME aluminium opening stock from 1422475 tonnes 1406575 tonnes. The prices started the week on Monday, October 12, at US$ 1829.50 per tonne and then grew to INR 1841 per tonne on Tuesday, October 13. However, on October 14, both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne to stand at US$...
Vedanta’s aluminium prices reduced by INR1500/t after five hikes in a row this month
Vedanta Limited has cut its aluminium ingot and aluminium product prices with effect from October 16 after five consecutive hikes since October 6. The price of aluminium ingot has been reduced by INR 1,500 per tonne or 1 per cent from INR 153,500-166,500 per tonne to INR 152,000 -165,000 per tonne. Vedanta’s aluminium billet price is now at INR 160,000 per tonne, also down by INR 1,500 from INR 161,500 per tonne. With the latest cut, the price of Vedanta’s aluminium wire rod has come in at INR 159,500-167,000 per tonne versus INR 161,000-168,500 per tonne on October 14. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange, which dipped on October 15 from US$ 1836 per tonne to US$ 1824 per tonne but again...
China to boost annual aluminium production capacity by another 3 million tonnes in 2021: Antaike
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium producers like China Hongqiao Group to the province after the Government announced the companies would need to operate in clean-energy-rich areas to keep developing. Analyst Wang Hongfei said at the China International Aluminum Week conference in Chongqing that Antaike sees 1.88 million tonnes of capacity coming on stream in Yunnan next year, following 1.63 million tonnes of capacity in 2020. Antaike also expects 370,000 tonnes of capacity to come online in Guangxi, 550,000 tonnes in Inner Mongolia,...
Jamaica mining communities to benefit from $60 million under Bauxite Community Development Programme
Robert Montague, minister of transport and mining of Jamaica, said that mining communities across the island would be able to benefit from more than $60 million allocated under the Bauxite Community Development Programme (BCDP). Speaking at the launch of Phase Seven of the programme on October 13, the minister said the 16 members of parliament in the five bauxite mining areas should move quickly submit their project plans to access the fund. 'The quicker you use the funds, it gives us 'ammunition' to engage the ministry of finance and the public service, to point out the needs of the communities, and the successes of the programme. We all have to play our part,' Montague said. He also noted at the gathering that bauxite would come to an end in 50 years; so, think of sustainable projects...
Alcoa made a record bauxite shipment of 12 million-plus in Q3'20 in tandem with robust production at Huntly and Willowdale mines
Alcoa Corporation made a record third-party shipment of 12 million-plus dry metric tonnes of bauxite during the third quarter of 2020 ended on September 30, backed on robust production year to date at Alcoa’s Huntly and Willowdale bauxite mines. Boosted by this result, Alcoa’s bauxite shipments are expected to range between 48-49 million dry metric tonnes by the end of this year. But despite the robust shipments, Alcoa’s adjusted EBITDA from bauxite stood down by $7 million quarter-on-quarter. In Q2 2020, Alcoa’s adjusted EBITDA in the bauxite segment was $131 million, which in the Q3 lowered to $124 million. So far this year, Alcoa’s total third-party shipments of dry metric tonnes bauxite came in at 36.4 million. Alcoa’s revenue from bauxite in Q3 2020 stood at $292 million, while its...
