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.
Vedanta further hikes its aluminium prices by INR 1500/t as LME aluminium price exceeds this year’s maiden level
Vedanta Limited has consecutively increased its aluminium ingot and aluminium product prices, albeit slower than the previous day, with effect from Saturday, October 10. The company is now selling its aluminium ingot price in the range between INR 150,500 - 163,500 per tonne, up by INR 1,500 per tonne or 1 per cent from INR 149,000 - 162,000 per tonne on October 9. With the third consecutive hike, Vedanta’s aluminium billet price has come in at INR 158,500 per tonne, also higher by INR 1,500 per tonne than INR 157,000 per tonne on October 9. On October 9, Vedanta’s both aluminium ingot and aluminium billet prices were increased by INR 3,500 per tonne from October 6. Vedanta’s aluminium wire rod price, as of October 10, is hovering at INR 158,000 – 165,500 per tonne versus INR 156,500 –...
China’s aluminium billet inventories jumped to 105,700 tonnes during National Days holidays
According to the Shanghai Metals Market, 6063 aluminium billet inventories in China have surged during the National Days holidays from October 1 to 8 across five major consumption areas. As per the data, aluminium billet inventories have expanded by 42,000 tonnes from pre-holiday levels to stand at 105,700 tonnes, as of Friday, October 9. Last week on September 30, aluminium billet inventories stood at 63,000 tonnes after declining by 7,900 tonnes over the week. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, aluminium billet inventories soared by 25,900 tonnes on October 9 to stand at 51,400 tonnes, while that in Wuxi and Huzhou increased by 6,910 tonnes and 6,000 tonnes, respectively, to come in at 19,500 and 12,000...
China’s primary aluminium ingots inventories build up 60,000 tonnes over a week-long holiday
The Shanghai Metals Market found China’s social inventories of primary aluminium ingots increased significantly during the National Days holidays from October 1 to 8 on concentrated arrivals of cargoes. According to the data, primary aluminium inventories built up 60,000 tonnes over a week-long holiday across eight major consumption areas, including SHFE warrants, to come in at 715,000 tonnes, as of Friday, October 9. Last week on Wednesday, September 30, primary aluminium inventories hovered at 655,000 tonnes after declining by 61,000 tonnes week-on-week. Primary aluminium inventories increased this week after two consecutive weeks of decline. Given blow is the chart that indicates the current status of primary aluminium inventories across China in more details: The Chinese city Nanhai...
Irish water spent €160,000 on supplying water in Achill Island as aluminium levels increased five times
Irish Water, a water utility company in Ireland, has reportedly spent €160,000 on providing water in Achill Island as aluminium levels in the water there surged five times than the recommended levels. Records released by the water utility explained how at one stage aluminium levels in the drinking water rose above 1,000 micrograms per litre when the recommended safe amount is 200 micrograms (max.). Irish Water said that it gave the contract of water supply to Achill Island during the peak tourist season to a third-party supplier. The total cost of the contract for 28 days was €160,000, or equivalent of more than €5,700 daily. Internal records suggest that problems in the water have been augmented by frequent bursts on the mains water pipe on Achill whenever the raw water supply was...
Aluminium Façade Systems unveils its first product line ProClad SOLID aluminium panels in 3mm and 4mm options
Aluminium Façade Systems has recently launched its first product line ProClad SOLID in the market, in support of Alspec, Australia’s market-leading aluminium system specialists with over 46 years of experience. Aluminium Façade Systems is a new company specialising in high quality and fully compliant non-combustible aluminium façade solutions. The team is led by general manager Craig Penton and business development manager Stephen Grundy, with over 30 years of experience in the construction and façade industry. “I’m extremely excited about launching our new innovative product range to the market and working together with key stakeholders to provide quality solutions and industry leading service,” said Penton. ProClad SOLID is a range of 100 per cent non-combustible prefinished PVDF solid...
COVID-19 Impact Continues: ICRA fears aluminium consumption to decline by 8% in the current calendar year
Rating agency ICRA fears that consumption of non-ferrous metals, including aluminium, will shrink significantly this year as a consequence of the COVID-19 pandemic. According to the agency, the pandemic has taken a severe toll on the global automobile, construction, and electrical machinery industries, which together contributes 75 to 85 per cent to the global non-ferrous metal demand. ICRA expects the consumption of these metals to contract significantly in the current calendar year. While aluminium consumption is estimated to drop by 8 per cent year-on-year, copper and zinc to decline by 3 to 4 per cent. But it is to be noted, the prices of these three non-ferrous metals strengthened sharply in the last five months. The extent of recovery has, however, varied factoring in the evolving...
Three-month LME aluminium settled higher at $1799/t as easy US monetary policies offset worries; SHFE climbed to $2181/t
The US dollar changed against a basket of currencies on Thursday, October 8, as investors waited for fresh news on whether new US fiscal stimulus is likely in the near term. Three-month LME aluminium settled at US$ 1,799 per tonne on Thursday, up US$ 36 per tonne from the closing price on September 30. Market sentiment improved as the effect of easy US monetary policies offset worries about a second wave of coronavirus cases. LME aluminium is likely to fluctuate between US$ 1,780 per tonne and US$ 1,820 per tonne today. As of Thursday, October 8, both LME aluminium cash (bid) price and LME official settlement price jumped from US$ 1745.50 per tonne to US$ 1786 per tonne. 3-months bid price and 3-months offer price stood at US$ 1802 per tonne, up by US$ 29.50 per tonne from US$ 1772.50 per...
Geoff's primary aluminium production pathway to zero carbon unveiled at Aluminium Online Showcase
Earlier this week, Geoff Matthews, Futurist, Future Aluminium Forum Advisory Board Member and Energy Sector Lead for EnPot Ltd, unveiled the first proposed pathway to zero carbon for primary aluminium production at the Aluminium Online Showcase 'Green Technologies' session. Geoff Matthews said the development of the Pathway was motivated by the International Energy Agency’s June 2020 update for aluminium production. “The IEA gave the aluminium industry fail mark with ‘more effort needed’, and this promoted us to dive more deeply into what a pathway compatible with the IEA’s Sustainable Development Scenario (SDS) would look like,” said Mathews He also said, “We wanted to understand what it would mean for the industry in terms of the technological innovation required, the potential...
Recovery in China’s metal market resulting in incessant rise in unwrought aluminium imports may lead to polarisation
Incessant increase in China’s unwrought aluminium imports indicates a rare inversion in normal trade patterns. In August 2020, China imported 393,000 tonnes of primary aluminium and unwrought alloy combined, close to the previous record of 394,000 tonnes in April 2009. It is no coincidence that global financial crisis is the common cause behind the surge in China’s aluminium imports. Last time the global aluminium demand experienced a sort of hit, while now COVID-19 pandemic is the reason. Now, as then, China is recovering faster than the rest of the world. While output outside China is rapidly sliding, China’s smelters are responding by lifting production. So, if the history is repeating, it is likely to lead to a further polarisation of the global aluminium market into two parallel...
Vedanta’s Cost of Production declines in June quarter in tandem with lower output, alumina CoP drops by $54/t Q-o-Q
The downfall in Vedanta's production in the first quarter of fiscal 2021 has resulted in a lower production cost (CoP) from $1,764 per tonne during the same period last year to $1,268 per tonne. According to the latest report, Vedanta's alumina production cost dropped by $54 per tonne from the previous quarter, while its power cost fell by $100 per tonne and other hot metal and conversion cost by $40 per tonne. The cost of production in Jharsuguda reduced by 13 per cent quarter-on-quarter while that in BALCO shrunk by 11 per cent. Vedanta's numbers stood higher than were expected in the June quarter. For instance, aluminium EBITDA constituted 72 per cent of the EBITDA beat. The segment’s EBITDA surprised at $360 per tonne, of which $101 per tonne was on account of RPO liability reversal....
Brazilian aluminium company CBA to continue to seek ‘green funding’ for its low-carbon aluminium initiative
According to a recent report, Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) will continue to seek ‘green funding’ for its low-carbon aluminium initiative. The company this year has already secured 500 million Reais ($90 million) to develop sustainability projects and offer more low-carbon metal, said company executives on October 5. However, the company is cautious about the domestic demand that has seen a hit by the COVID-19 pandemic. Even though the market has recovered at present yet the probability of downfall in the near future after restocking action this year cannot be disregarded. Also, the possibility of a second wave of COVID-19 infection has not been ruled out. Earlier, the fundraising was done through two different contracts with Brazilian banks Bradesco...
Canada’s aluminium crude metal and alloys exports to US continue to show downtrend in July 2020
Canada’s aluminium crude metal and alloys exports to the United States extended decline by 8.04 per cent for the second month in a row to stand at 206,000 tonnes in July 2020, found the US Geological Survey data. Canada’s aluminium alloy exports to the US started decreasing from June after several months of hikes, as Canada noted in response to Trump’s decision of imposing additional tariffs on Canadian aluminium that exports to the US grew only due to the reduced domestic demand caused by the COVID-19 pandemic whereas production remained intact. Canada said exports would reduce as soon as the domestic market would recover from the unprecedented crisis. In June 2020, Canada’s aluminium crude metal and alloys exports to the US stood at 224,000 tonnes after plummeting by 6,000 tonnes or 2.7...
AlCircle’s Global Aluminium Expo 2020: Grace Day 2 with your presence!
Welcome to the second and last day of AlCircle’s first-of-its-kind online “ Global Aluminium Expo 2020 .” We are delighted to share the success of Day 1 while expressing our gratitude to all the exhibitors and attendees for gracing the event with your presence. On the first day of the expo, the average footfall for each exhibitor was around 100. The total number of attendees registered for the event by now has exceeded 1000. The expo has started today at 8:00 AM GMT, bringing along the top aluminium industry leaders and enthusiasts. As been said earlier, this virtual expo is for exploring new business opportunities, nurturing new ideas, finding new customers while meet and greet old ones, and inspiring each other during the present test of time. We would be happy to see you all at our...
Irish Green Party politician proposes 'Cash for Cans' to boost empty aluminium can recycling
Eamon Michael Ryan, an Irish Green Party politician, has reportedly proposed a new idea to give people 20 cents a can for returning their empties. Ryan, who has also served as a Minister for the Environment, Climate and Communications and Minister for Transport, is proposing the idea to boost recycling numbers. Ryan believes the deposit return scheme will see consumers able to bring back empty aluminium cans or plastic bottles. But before introducing the new scheme, the Minister intends to acquire feedback from punters and the industry, and for that matter, he has launched a public consultation process. He said: “If we are to get the benefits of a circular economy, we need to adapt our approach to how we use and manage our resources.” “We must strive to keep resources in circulation for...
Benchmark aluminium price on LME ended slightly higher at $1755/t on October 6, 2020
Benchmark aluminium price on the London Metal Exchange rose by nearly 1 per cent to US$ 1755 per tonne on Tuesday, October 6, from US$ 1741.50 per tonne on Monday. As of Tuesday, both LME aluminium cash (bid) price and LME official settlement price continued to increase for the second day in a row, albeit slower than the previous day, to stand at US$ 1755 per tonne. 3-months bid price and 3-months offer price stood at US$ 1783 per tonne, up by US$ 10 per tonne from US$ 1773 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1849.50 per tonne. The LME aluminium opening stock extended decline from 1438925 tonnes to 1432650 tonnes. Live Warrants stood at 1126600 tonnes, while Cancelled Warrants at 306050 tonnes. LME aluminium 3-months Asian Reference Price came in at US$...
Lindian Resources reveals Mineral Resource Estimate of its newly-bought Lelouma Bauxite Project in Guinea
Mining stock Lindian Resources (LIN) has announced an update about its recently bought Lelouma Bauxite Project in Guinea. In late September, Lindian acquired a controlling stake in the bauxite project by signing an agreement to buy 75 per cent of its owner Sarmin Bauxite. The deal is, however, still awaited for regulatory approval. Lindian Resources has now revealed that the project’s Mineral Resource Estimate (MRE) totals 900 million tonnes at 45 per cent aluminium oxide (Al2O3) and 2.1 per cent silicon dioxide (SiO2). It also includes an upgraded high-grade portion of 398 million tonnes at 48.1 per cent aluminium oxide, and 155 million tonnes measured mineral resources at 47.9 per cent aluminium oxide and 1.8 per cent silicon dioxide - including 115 million tonnes at 49.6 per cent...
Worldwide production of aluminium aerosol cans remains almost unaffected by the COVID-19 pandemic: AEROBOL
The International Organisation of Aluminium Aerosol Container Manufacturers (AEROBOL) has reported that the COVID-19 pandemic has not been much successful in affecting the global production of aerosol cans. The output declined only moderately in the first half of 2020, said the organisation. “The very moderate minus represents a rather good result in view of the highly insecure markets with extremely cautious customers and consumers,” commented Gregor Spengler, Secretary General of AEROBAL. Spengler said forthrightly that the consequences of corona-related lockdowns and restrictions were expected to have been worse for the aluminium aerosol containers market. But, instead, the value of a reliable and safe packaging material, such as the aluminium aerosol can, has been impressive enough...
US aluminium plates, sheets and bars exports to Canada hike 47% M-o-M in July but decline by 12% Y-o-Y
According to the US Geological Survey data, the United States in July 2020 exported 26,600 tonnes of aluminium plates, sheets and bars to Canada. In the earlier month, the US exported 18,100 tonnes, meaning July saw an increase of 46.96 per cent month-on-month in the US aluminium semis exports to Canada. The United States exports in June also saw a hike of 19.87 per cent from 15,100 tonnes in May. In April, the US exported 17,100 tonnes of aluminium semis to Canada, meaning the exports in May declined by 2,000 tonnes or 11.7 per cent from the previous month. On a year-on-year basis, the United States aluminium semis exports to Canada in July 2020 decreased by 3,600 tonnes or 11.92 per cent from 30,200 tonnes. In the entire first seven months of 2020, the United States aluminium plates,...
