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 extends aluminium ingot price cut this week in response to continuous downfall in LME aluminium price
The new aluminium price list of Vedanta shows that the company has reduced its aluminium ingot and aluminium product prices further for the second consecutive day, with effect from Thursday, September 24. With the latest cut, Vedanta’s aluminium ingot price is now ranging between INR 144,250 per tonne and INR 157,250 per tonne, down by INR 2,250 per tonne or 1.5 per cent from INR 146,500-159,500 per tonne on September 18. This week Vedanta has increased the cut of its aluminium ingot price by INR 250 per tonne from the previous week in line with the continuous downfall in global aluminium price on the London Metal Exchange. Vedanta, like any other Indian aluminium producers, links its aluminium product prices to the three-month futures of aluminium on London Metal Exchange. Since...
AMAG Ranshofen facilities achieve ASI Custody Standard Certification for producing high-quality cast alloys
Aluminium Stewardship Initiative has certified AMAG Austria Metall AG against Custody Standard Certification for aluminium remelting/recycling, casting, and rolling activities at production facilities in Ranshofen, Austria. High-quality cast alloys are manufactured in Ranshofen from recycled aluminium, destined for use in a wide range of end-use sectors such as aircraft, architecture, automotive and transportation, packaging, and sporting goods. AMAG has a strong focus on recycled materials and the realisation of closed loop concepts. In September 2018, AMAG’s Ranshofen plant was certified against the ASI Performance Standard. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly congratulate AMAG on their ASI Chain of Custody Certification. Having a scrap utilisation rate of...
A00 aluminium ingot price falls at the highest rate since August on lower consumption and increase in production capacity
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a sharp downfall of RMB 290 per tonne, the highest since August, to stand at RMB 14,270 per tonne on Thursday, September 24. The average prices are expected to range between RMB 14,250 per tonne and RMB 14,290 per tonne, with spot contract to be traded at a premium price of RMB 210-250 per tonne, up by RMB 110 per tonne from the previous day. SMM believes the change in consumption pattern has affected the aluminium ingot price trend. The consumptions of aluminium in September remained slightly weaker than expectations. Besides, the output has increased with the ramp-up or resumption of production capacity in Sichuan, Yunnan and Inner Mongolia. So, as of mid-September, the domestic primary aluminium operation...
BTE aluminium chassis tipper enhances farming productivity
Revolutionary Bulk Transport Equipment (BTE) aluminium chassis tipper has helped in the farming operation of Peter and Tracey Kruger. Peter and Tracey Kruger bought the aluminium chassis tipper to replace its 18-year old steel tipper. In March 2020, the Krugers laid their eyes for the first time on this BTE product on a visit to the Wimmera Machinery Field Days at Horsham. On purchasing the equipment, Peter Kruger said that it would be used primarily for hauling grains, fertiliser, lime, and gypsum to and from the farm, with the lighter tare weight providing a useful payload gain. He said, “Our previous unit was all-steel construction and a bit heavy so we’re trying to get the payload up. The new unit should be a tonne or so lighter than the steel one." For choosing the chassis tipper...
Metal Industry suggests LME to focus on enhancing services instead of creating a separate low carbon aluminium trading platform
According to a Reuters report, the metal industry sees no need for a separate platform on the London Metal Exchange (LME) to trade low carbon aluminium. The industry thinks the exchange should focus on services instead that users need more urgently, such as euro-denominated steel contract. Last month, LME outlined its plans for a spot trading platform for low carbon aluminium with a view to support sustainable metal production and sought feedback from the metal industry. A few industry sources, on the condition of anonymity, said the market had the tools needed for consumers willing to pay a premium for sustainable metal. “LME contracts give you a basic price. If you have additional requirements - location, producer, shape of metal, warehouse company - there will be premiums to pay,” a...
ASI certifies Kunshan Aluminium Co., Ltd. against Custody Standard Certification
Aluminium Stewardship Initiative has certified Kunshan Aluminium Co., Ltd. against Custody Standard Certification for its production facilities in Kunshan City, Jiangsu Province. The news came after ASI officially announced on Wednesday, September 23, that it successfully certified the facility for responsible and sustainable aluminium foil production. The facility’s products are destined for the use in downstream sectors, including food, cigarettes, medicine, daily necessities, cosmetics, and other high-end packaging foil and high-grade foil for the electronics industry. The plant has a capacity of 25,000 tonnes of aluminium foil per year. In February 2020, Kunshan Aluminium Co., Ltd. achieved ASI Performance Standard Certification. Fiona Solomon, Chief Executive Officer at ASI said, “We...
Three-month LME aluminium weakened 0.17% to close at US$ 1779/t; SHFE price plunged for the second day in a row
As of Tuesday, September 22, Three-month LME aluminium weakened 0.17 per cent to close at US$ 1,779 per tonne after hitting its lowest in nearly two weeks earlier in the session. LME aluminium cash (bid) price and LME official settlement price decreased from US$ 1752.50 per tonne to US$ 1744 per tonne on Tuesday, September 22. 3-months bid price and 3-months offer price hovered at US$ 1785.50 per tonne, declining from US$ 1793 per tonne. Dec 21 bid price and Dec 21 offer price stood at US$ 1860.50 per tonne. The LME aluminium opening stock further plunged to 1493175 tonnes. Live Warrants stood at 1232750 tonnes, while Cancelled Warrants at 260425 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1777.90 per tonne, as of Tuesday, September 22. SHFE Aluminium Price Trend...
Primary Aluminium production in West Europe sees a downtick in August by 1,000 tonnes: IAI
In West Europe, primary aluminium production in August 2020 came in at 280,000 tonnes, inching down slightly from 281,000 tonnes in July 2020, according to the data revealed by the International Aluminium Institute. Output in July was 281,000 tonnes, up month-on-month by 3 per cent from 273,000 tonnes. On a year-on-year basis, primary aluminium production in West Europe in August stood down by 2.1 per cent from 286,000 tonnes. Total production in eight months in West Europe came in at 2.23 million tonnes, lower by 3.46 per cent from 2.31 million tonnes during the same period last year. On the other hand, primary aluminium production in East & Central Europe in August stood flat over the month at 349,000 tonnes. In July, the output grew by 9,000 tonnes or 2.65 per cent from 340,000 tonnes...
US aluminium plates, sheets and bars exports grow M-o-M in June 2020 by 25%, total exports in H1 decrease by 27% Y-o-Y
According to the US Geological Survey data, the United States exported 49,800 tonnes of aluminium plates, sheets and bars in June 2020, up by 9,900 tonnes or 24.81 per cent month-on-month. In May, the United States exports were 39,900 tonnes after declining by 8,500 tonnes or 17.56 per cent from 48,400 tonnes in April. In March, the export volume was 69,900 tonnes, meaning April saw a month-on-month decline of 30.76 per cent. So, the hike in the US aluminium semis exports in June was after two consecutive months of decline. On a year-on-year basis, the US aluminium plates, sheets and bars exports in June 2020 decreased by 27.41 per cent from 68,600 tonnes. The United States’ total aluminium plates, sheets and bars exports in the first six months of 2020 came in at 345,000 tonnes, down...
Primary aluminium production in N. America plunges by 1% M-o-M in Aug'2020, but output in S. America grows by 4%
According to the latest data revealed by the International Aluminium Institute (IAI), primary aluminium production in North America dipped by 2,000 tonnes or 0.60 per cent in August 2020, following a rise in the previous month. Output in August stood at 331,000 tonnes, while in July was 333,000 tonnes after rising by 3,000 tonnes or 1 per cent from 330,000 tonnes in June 2020. On a year-on-year calculation, North America’s primary aluminium production in August 2020 stood down by 10,000 tonnes or 3.12 per cent from 321,000 tonnes. In total eight months of the year (January-August), primary aluminium production in North America totalled 2.66 million tonnes, up by 4.31 per cent from 2.55 million tonnes during the same period last year. Primary aluminium production in South America, on the...
EGA publishes third annual Sustainability Report detailing its 2019 performance towards sustainable future
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has come up with its third annual Sustainability Report, wherein it has all the details of the company’s 2019 environmental, social, and governance performance in the UAE as well the Republic of Guinea. The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, the international framework for sustainability reporting. It also meets the reporting and disclosure requirements set by the Aluminium Stewardship Initiative (ASI). According to the report, EGA, in 2019, achieved better safety performance than the average global industry, as measured by the International Aluminium Institute (IAI). There were no fatalities or occupation diseases at any of the EGA sites....
A00 aluminium ingot price declines by RMB40/t after two consecutive days of rise: SMM
According to the Shanghai Metals Market, A00 aluminium ingot price has declined by RMB 40 per tonne on Tuesday, September 22, to stand at RMB 14,750 per tonne, following two consecutive days of rise from RMB 14,590 per tonne to RMB 14,790 per tonne. The average prices are expected to range between RMB 14,730 per tonne and RMB 14,770 per tonne, with spot contract to be traded at a premium price of RMB 90-130 per tonne, down by RMB 10 per tonne from the previous day. In Foshan and Tianjin, A00 aluminium ingot price has plunged by RMB 50 per tonne to RMB 14,920 per tonne and RMB 14,740 per tonne, respectively, while in Chongqing and Wuxi, the price has fallen by RMB 25 per tonne and RMB 20 per tonne to come in at RMB 14,780 per tonne and RMB 14,750 per tonne. In Hangzhou, Shenyang, and...
China approves 121,000 tonnes of aluminium scrap imports in its 12th batch of quota this year
China has approved 121,000 tonnes of aluminium scrap imports in its 12 batch of quota this year, according to the China Solid Waste and Chemicals Management report. This brings China’s total approved amount of aluminium scrap import quotas to 818,000 tonnes so far this year. SMM estimates China’s aluminium scrap import quotas for the fourth quarter of the year to come in at 130,000 tonnes to 150,000 tonnes, much lower from Q3. In the 11 th batch of aluminium scrap import quotas, which was the 3 round of approval for Q3 2020, China permitted 2,610 tonnes. A secondary aluminium producer in Jiangsu province that uses imported aluminium scrap obtained 16,620 tonnes of import quotas in the 12 th batch, ranking the second. This brings its monthly average import quotas to around 5,540 tonnes,...
QUT scientists discover wet-etching technique can kill COVID-19 virus on aluminium surfaces
A new way to kill COVID-19 virus on aluminium surfaces has been innovated by QUT scientists with the use of a wet-etching technique that forms random ‘nano-pillars’ proven to have both antiviral and antibacterial properties. Following the rounds of lab testing on the longevity of COVID-19 on metal surfaces, it has been found that the virus on a wet-etched surface dies in less than six hours. QUT medical devices specialist Professor Prasad Yarlagadda and virologist Professor Kirsten Spann primarily led the research and testing. The wet-etching process was tested in a lab by being applied to commercially available aluminium alloy 6063, commonly used for doorknobs and frames, window panels, and hospital and medical equipment. Professor Spann said they tested the virus that commonly causes...
US Chamber of Commerce to Motor & Equipment Manufacturers Association cheering US decision of removing aluminium tariffs
Most trade associations that represent the US and Canadian aluminium industries cheered the US surprise announcement of removing tariffs on the Canadian aluminium. Some also took issue with the quota system that has taken place. “Canada’s aluminium industry is glad to regain its continued tariff-free entry into the US market as it strives to meet its integrated value chain requirements in a post-Covid recovery,” said Jean Simard in a statement, president and chief executive officer of the Aluminium Association of Canada. The US Chamber of Commerce and groups representing the US automotive sector also applauded the tariff removal. “What American manufacturers need now is certainty that these tariffs won’t make another reappearance,” said Myron Brilliant, the chamber's head of international...
Three-month LME aluminium hiked 0.81% to close at $1795.5/t; SHFE increased to $2172/t
As of Friday, September 18, three-month LME aluminium increased 0.81 per cent to close at US$ 1,795.5 per tonne in choppy trading and is likely to fluctuate range-bound in the short term. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1745 per tonne on September 18, growing by US$ 1.50 per tonne from Thursday, September 17. 3-months bid price and 3-months offer price hovered at US$ 1785.50 per tonne, up by US$ 2.50 per tonne from US$ 1783 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1862 per tonne. The LME aluminium opening stock declined to 1504175 tonnes. Live Warrants stood at 1245950 tonnes, while Cancelled Warrants at 258225 tonnes. LME aluminium 3-months Asian Reference Price was at US$ 1793.92per tonne, as of...
US alumina imports grow Q-o-Q by 1.12% in Q2 2020, exports decline by 6.75%
According to the latest USGS data on the United States alumina imports in Q2 2020, the volume grew quarter-on-quarter from 357,000 tonnes to 361,000 tonnes, up by 1.12 per cent. But on a year-on-year basis, the imports dropped by nearly 1 per cent from 364,000 tonnes. In the entire first half of 2020, the United States alumina imports totalled 718,000 tonnes, down by 27.25 per cent from 987,000 tonnes during the same period last year. Brazil continued to be the leading exporter to the US, supplying 197,000 tonnes of alumina in Q2 2020. In the first quarter of the year, Brazil supplied 233,000 tonnes of alumina to be the US, meaning the imports decreased quarter-on-quarter by 15.45 per cent in Q2. Over the year, Brazil’s alumina exports to the US dropped as well by 15.81 per cent from...
Euro Alloys joins ASI’s General Supporter member class
Aluminium Stewardship Initiative is pleased to welcome its 133rd member Euro Alloys in the General Supporter member class. Euro Alloys for over 30 years is successfully trading nonferrous metals globally, as the trading arm of one of the leading wire rod producers of the world – Sural. Euro Alloys is a leading specialist for the marketing and supply of aluminium and copper wire rod for the cable and steel industries. “We are looking to work with ASI in support of our clients in the aluminium cable and castings industry as part of the general focus on corporate social responsibility,” said Euro Alloys on being welcomed by ASI. Thomas Tumoscheit, Managing Director of Euro Alloys Ltd, said: “Euro Alloys is involved with various parts of the aluminium supply chain from primary production to...
