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.
GITC suggests anti-dumping duties on Chinese aluminium coils and circles fearing domestic industry’s injury
The Ghana International Trade Commission (GITC) has pointed out that the dumping of aluminium coils and circles from China onto the Ghanaian domestic market are causing material injury and posing a threat to the domestic industry. So, on Thursday, October 15, Professor Paul Kuruk, Vice Chairman of GITC, ruled on petition No. ADR-GITC /001/209 brought by Aluworks Limited, the sole manufacturer of aluminium coils and circles in Ghana. On May 8, 2019, Aluworks had urged the Commission to investigate the alleged dumping of aluminium coils and circles orginating in or imported from China. According to a report, GITC calculated a weighted average dumping margin of 35.77 per cent for the subject product. Therefore, the Commission has decided anti-dumping duties on Chinese aluminium coils and...
A00 aluminium ingot price drops for the second consecutive day by RMB10/t; Input costs remain restrained
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot contract to be traded at a premium price of RMB 250-290 per tonne, up by RMB 230 per tonne from the previous day. Yesterday, on October 15, primary aluminium ingot price decreased by RMB 20 per tonne from RMB 14,980 per tonne to RMB 14,960 per tonne, according to SMM. However, the decline in price today has not touched upon all the major markets in China except Shenyang, Chongqing, and Foshan, where A00 aluminium ingot price has shrunk by RMB 25 per tonne, RMB 20 per tonne, and RMB 10 per tonne...
Aluminium billet inventories drop by 3,200 tonnes to stand at 102,500 tonnes this week
Aluminium billet inventories in China have decreased this week, ending on Thursday, October 15, due to a decline in arrivals at warehouses, found the Shanghai Metals Market. SMM data shows the aluminium billet stocks have dipped by 3,200 tonnes from last Friday, October 9, across five major consumption areas to stand at 102,500 tonnes, as of Thursday, October 15. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi, aluminium billet inventories have declined by 2,680 tonnes to stand at 16,820 tonnes on October 15, while that in Huzhou have decreased by 1,000 tonnes to come in at 11,000 tonnes. In Foshan, Nanchang, and Changzhou, the inventories have inched down by 500 tonnes, 350 tonnes and 300 tonnes, respectively, to hover at...
Assan Alüminyum joins ASI as a new Production and Transformation member
Assan Alüminyum, one of the world’s leading flat-rolled aluminium manufacturers, has joined the Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of members working toward a responsible aluminium value chain to 135. Assan Alüminyum has been producing coil & sheet, foil, and pre-painted aluminium products since its establishment in 1988, and is now one of the three largest aluminium foil manufacturers in Europe with production capacity reaching up to 100 thousand tonnes. The total installed capacity of Assan Alüminyum is 300 thousand tonnes across production facilities located in Istanbul and Turkey. The company offers its aluminium products to a variety of industrial sectors including packaging, distribution, construction, consumer...
Aluminium producer Norsk Hydro setting up two new divisions - Renewables Growth and Batteries
Aluminium producer Norsk Hydro is boosting its sustainability drive by setting up two new divisions - Renewables Growth and Batteries, announced the company on Tuesday, October 14. Hydro provides aluminium to a range of industries, including the construction and automotive industry. Hydro said the battery sector is growing rapidly across the globe and in Europe, backed on the ongoing automotive industry transformation from fossil fuel to electrical vehicles. The Batteries division will group Hydro’s current joint ventures and seek new business opportunities along the battery value chain, said Hydro. The company has a small share in Norwegian marine batteries firm Corvus Energy and in Sweden’s Northvolt, which is building factories to produce batteries for electric vehicles, as well as...
ASI certifies Alu-Met’s Speedline Aluminium-Gießerei GmbH facility against Performance Standard certification
Aluminium Stewardship Initiative has certified Alu-Met GmbH against Performance Standard certification for remelting and casthouse operations at the Speedline Aluminium-Gießerei GmbH in Schlins, Austria. The facility uses an average of more than 70 per cent recycled aluminium feedstock to produce aluminium extrusion billets. The news came after ASI announced today that it successfully certified the plant for responsible production, sourcing, and stewardship of aluminium. The plant has an annual production capacity of up to 96,000 tonnes of extrusion billets. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Alu-Met on the ASI Performance Standard certification of their Speedline Aluminium-Gießerei facility. The company’s overall focus on recycled aluminium as an input...
LME aluminium price shed $5/t to stand at $1836/t after four consecutive days of hike; SHFE increased to $2218/t
Three-month LME aluminium shed 0.43 per cent to end at US$ 1,847.5 per tonne on Wednesday, October 14, after hitting an intraday high at US$ 1,858.5 per tonne earlier in the session. It is expected to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne from US$ 1841 per tonne to US$ 1836 per tonne, as of October 14, after increasing for four consecutive days. 3-months bid price and 3-months offer price stood at US$ 1853.50 per tonne, down marginally by US$ 0.50 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price, however increased by US$ 1.50 per tonne from US$ 1904 per tonne to US$ 1905.50 per tonne. The LME aluminium opening stock extended decline 1412600 tonnes to 1412125...
IBAAS-JNARDDC to conduct a webinar on aluminium value chain on November 4-6, 2020
International Bauxite, Alumina & Aluminium Society (IBAAS) is organising a webinar on some important topics of the aluminium industry in collaboration with Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC). The webinar will take place on November 4-6, 2020, on topics including bauxite, alumina, aluminium smelters, and downstream industry. IBAAS has formulated a world-class programme for this webinar by inviting leading international experts to share their views and knowledge. Speakers are selected from Aluminium Stewardship Initiative (ASI), Hindalco, International Aluminium Institute (IAI), Vimetco, AKW, Worley, Metso, Outotec, Tokai Cobex, OSIsoft, Rain Carbon, and some leading aluminium downstream companies of India. OSIsoft and Reel Alesa are currently the two...
Vedanta’s aluminium ingot price again increases by INR1500/t with effect from October 13
Vedanta Limited has continued to increase its aluminium ingot and aluminium product prices pursuant to the incessant surge in global aluminium benchmark price on the London Metals Exchange. With effect from Tuesday, October 13, Vedanta has hiked its aluminium ingot price again by INR 1,500 per tonne from INR 150,500 - 163,500 per tonne to INR 152,000-165,000 per tonne. Vedanta’s aluminium billet price has come in at INR 160,000 per tonne, also up by INR 1,500 per tonne from INR 158,500 per tonne on October 10. After the surge, the company’s aluminium wire rod price is hovering at INR 159,500-167,000 per tonne versus INR 158,000 – 165,500 per tonne on October 10. Like any other Indian aluminium producers, Vedanta Limited generally links prices of its aluminium products to the three-month...
China’s metallurgical-grade alumina output slips by 1% M-o-M to 5.7 MT in September 2020
According to the latest data revealed by the Shanghai Metals Market, China’s alumina production in September 2020 stood at 5.91 million tonnes, including 5.7 million tonnes of metallurgical-grade alumina. This marked a downfall of 1.04 per cent from 5.76 million tonnes of metallurgical-grade alumina output in August 2020. However, the daily average output stood up by 2.29 per cent month-on-month from 185,700 tonnes to 189,000 tonnes in September. On a year-on-year basis, the daily output was up by 5.56 per cent. The resumption of new capacities in southwest China and stable operating rates at northern refineries accounted for the rise in China’s daily average alumina output. The total production of metallurgical-grade alumina over the first nine months of the year amounted to 49.79...
China’s September primary aluminium production declines by 2.5% M-o-M to 3.11 MT, but increases by 7.7% Y-o-Y
China’s primary aluminium production continued to grow by 7.68 per cent year-on-year in September 2020 to stand at 3.11 million tonnes, found the Shanghai Metals Market survey. But when compared to the month earlier, the output of September stood down by 2.51 per cent from 3.19 million tonnes. As of the end of September, China's primary aluminium capacity in operation was 38.16 million tonnes among the existing capacity of 43.28 million tonnes. The production capacity in operation was up by 15.05 per cent month-on-month from 37.62 million tonnes, while operating rates were down from 88.6 per cent to 88.2 per cent. However, the daily average primary aluminium output rose by 800 tonnes from 103,000 tonnes in August to 103,800 tonnes in September, attributing to the new capacities coming...
Hindalco further expands its aluminium prices by INR1750/t in line with global aluminium price hike on LME over the weekend
Hindalco has further increased its aluminium product and aluminium ingot prices with effect from Tuesday, October 13, in line with the incessant surge in global aluminium benchmark price on the London Metal Exchange. This marks the fifth consecutive hike in Hindalco’s aluminium prices. With effect from October 13, Hindalco’s aluminium wire rod price has come in at INR 165,350 per tonne, up by INR 1,750 per tonne from INR 163,600 per tonne. The increase in Hindalco’s aluminium wire rod price has expanded by INR 250 per tonne compared to the hike by INR 1500 per tonne on October 10. The company’s aluminium billet price is now at INR 161,350 per tonne after being surged by INR 1,750 per tonne from INR 159,600 per tonne. The price of Hindalco's aluminium ingot is hovering at INR 154,250 per...
Jindal Aluminium seeks government aid for downstream MSME producers, urges to remove primary aluminium import duty
Jindal Aluminium official has pointed out that China’s aluminium flat rolled products exports to India, resulting in reducing prices, is taking a severe toll on domestic downstream MSME producers. Hence, the company has urged the government to remove import duty on primary aluminium to encourage domestic value addition and help the survival of downstream aluminium MSME producers. Jindal has also noted that demand for downstream aluminium in India is reviving after the COVID-19 pandemic impact. In late August, the company anticipated the defence and aerospace sector to become more potential in the near future, pushing up the demand for aluminium products. Jindal Aluminium is India’s largest aluminium extrusion company having control over 30 per cent of the market share. It is also the...
LME aluminium price hiked for the third consecutive day to $1829.5/t amid rise in opening stock, SHFE slipped by $11/t
Three-month LME aluminium rose 0.49 per cent to end at US$ 1,856 per tonne on Monday, October 12, and is likely to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price increased further for the third consecutive day from US$ 1805.50 per tonne to US$ 1829.50 per tonne, as of October 12. 3-months bid price and 3-months offer price stood at US$ 1847 per tonne, up by US$ 27 per tonne from US$ 1820 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1903 per tonne. The LME aluminium opening stock increased from 1416325 tonnes to 1422475 tonnes. Live Warrants stood at 1126175 tonnes, while Cancelled Warrants at 296300 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1849.44 per tonne, as of October...
GIADEC sets up 19-member committees for bauxite communities in Atewa, Awaso, Nyinahini and Mpasaaso
The governing board and management of the Ghana Integrated Aluminium Development Corporation (GIADEC) has organised and inaugurated 19-member committees for various bauxite communities in Asiakwa (Atewa) in the Eastern Region, Awaso in the Western North Region, Nyinahini and Mpasaaso in the Ashanti Region. The committees have been formed by carefully co-opting the members who have a direct interest in health, safety, protection of lives, preservation of the forest reserves, and development of people. Each team has Chiefs, Opinion leaders, MMDCEs, Assembly Members, District Police Commanders, Forestry Representatives, Women group representatives, Youth Association Representatives, and Religious leaders. The Chief Executive Officer of GIADEC, Mr Michael Ansah, said field managers of the...
India will not see a significant impact of US anti-dumping duties on aluminium alloy sheets: Biswajit Dhar of JNU
According to a recent survey, India is expected to be not significantly affected by the anti-dumping duties imposed by the United States on common alloy aluminium sheets, as the former supplies small amount of the product to the latter. Late last week, the United States Department of Commerce announced to immediately impose preliminary anti-dumping duties on imports of aluminium alloy sheets from 18 countries, including Germany, Bahrain, Brazil, Spain, India and Italy. Biswajit Dhar of the Jawaharlal Nehru University explained, “As we sell such sheets in limited quantity to the US, the impact would not be significant. It is a reflection of the countries impacted by Covid-19 adopting protectionist measures on one pretext or another.” Over 70 countries have notified the WTO of having taken...
AlCircle’s first-of-its-kind “Global Aluminium Expo 2020” turned into a successful two-day global event!
AlCircle team feels proud and thankful to announce that its first-ever online exhibition “Global Aluminium Expo 2020” on October 6 & 7 was a success. We are delighted to share the total attendee registrations for the two-day event was 1107 from 85 countries across the world. The number of attendees present on both days was 276, and the average time spent by an attendee at the event was 2 hours and 3 minutes. Number of exhibitors present at the expo was 27 and sponsors 10. Average number of visitors at each booth stood at 126, average business card views per booth were 29, total videos viewership was 1068, and total number of document downloads was 1760. The event was absolutely star-studded with some of the world’s leading aluminium companies like Hencon, STAS, GAP Engineering SA,...
A00 aluminium ingot price extends growth by RMB90/t despite surge in inventories; Imported bauxite price dips by $1/t
As of Monday, October 12, A00 aluminium ingot price has recorded a hike of RMB 90 per tonne for the second day in a row to come in at RMB 14,940 per tonne, found the Shanghai Metals Market data. The price has expanded today despite the surge in primary aluminium ingots inventories to 715,000 tonnes on Friday, October 9. An increase in demand after a week-long holiday could be a factor for the rise in A00 aluminium ingot price today. The average prices are expected to range between RMB 14,920 per tonne and RMB 14,960 per tonne, with spot contract to be traded at a premium price of RMB 150-190 per tonne, down by RMB 40 per tonne from the previous day. In Gongyi, A00 aluminium ingot price has increased by RMB 90 per tonne to stand at RMB 14,870 per tonne on October 12, while that in...
