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’s aluminium ingot selling price is now at INR144000-157000/t after a hike w.e.f July 30
Vedanta Limited has continued to hike its aluminium ingot and aluminium product prices, following the growth on July 24. The latest hike in price came into effect on July 30, marking the second consecutive increase in Vedanta’s aluminium prices. Vedanta is now selling its aluminium ingot at INR 144,000-157,000, up INR 2,250 per tonne or 1.59 per cent from INR 141,750-154,750. Vedanta’s aluminium wire rod selling price is at INR 151,500-159,000 per tonne, higher by INR 2,250 per tonne or 1.51 per cent from INR 149,250-156,750. Vedanta’s aluminium billet price has also been raised by INR 2,250 per tonne or 1.50 per cent from INR 149,750 on July 24 to INR 152,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the...
Launched! AlCircle’s fifth quarterly e-Magazine “Covid-19 Impact: Importance & Emergence of Industry 4.0”
Balancing between “lives and livelihoods” is what we are learning during the crises of the COVID-19 pandemic as it has brought an unprecedented shock to many industries and the global economy as a whole. Needless to say, the aluminium industry is no different, with adverse impacts on profitability due to disparity between production and consumption and low selling prices. At this time, surviving in the industry with sustainable operation has become a major challenge for most businesses. However, to confront this together, AlCircle has come up with yet another futuristic theme e-Magazine on the topic “ Covid-19 Impact: Importance & Emergence of Industry 4.0 ”. This e-Magazine is aimed at providing you with all the necessary information and suggestion on how the implementation of Industry...
PyroGenesis Canada reports double revenue in Q2 2020, thanks to aluminium Drosrite contract
On Wednesday, July 29, PyroGenesis Canada Inc. reported that its revenue doubled in just three months of the second quarter of 2020 ended June 30, as its contract with waste management company Drosrite International LLC paid off. From C$913,769 in Q2 2019, PyroGenesis’ revenue increased to C$2.1 million over the year. Drosrite sales in the quarter were more than C$1.3 million. The company’s comprehensive income came in at $C5.2 million, more than quadruple the C$2.3 million it saw a year earlier. Cash in hand also increased at the end of the quarter from C$34,431 at the end of December to C$1.5 million. PyroGenesis Canada manufactures and sells aluminium dross processing Drosrite systems and technology to Saudi Arabia and other Middle Eastern countries. Aluminium dross is a by-product of...
Alumina production in North America grows by 6% M-o-M in June 2020; South America’s output lowers by 4%
In June 2020, the alumina production (including metallurgical-grade alumina) in North America stood at 223,000 tonnes, up by 6.19 per cent month-on-month from 210,000 tonnes, according to the data released by the International Aluminium Institute. However, on a year-on-year basis, the production in June stood down by 6.30 per cent from 238,000 tonnes. As per the IAI data, the alumina production in North America in Q2 2020 declined quarter-on-quarter by 3.72 per cent from 672,000 tonnes to 647,000 tonnes, and over the year by 9.76 per cent from 717,000 tonnes. In the first half of the year, the accumulative production of alumina in North America totalled 1.32 million tonnes compared to 1.42 million tonnes during the same period last year. So, the total output in H1 2020 edged lower by 7.04...
Altech announces quarterly reports ended June 2020: Cash flow from operating activities down at A$939 year-to-date
Altech Chemicals Limited has released its quarterly reports ended June 2020 mentioning the recommencement of its high purity alumina site in Johor Bahru, Malaysia on June 3, 2020, following the lifting of the Malaysian government COVID-19 pandemic Movement Control Order (MCO). The quarterly reports have also made a note of the completion of remaining Stage-2 construction work, which included the finishing work of electrical substation consisted of internal fit-out, drainage, sewage, and landscaping, at Altech’s high purity alumina (HPA) plant site in Johor. This marks the completion of all works included in the Stage 2 construction scope by the appointed EPC contractor Metix. A formal handover inspection of the substation was conducted towards the end of June 2020 and the small number of...
A00 aluminium ingot price jumps by RMB210/t marking the fourth consecutive hike; Alumina spot price continues to plunge
The A00 aluminium ingot price has jumped by RMB 210 per tonne on Thursday, July 30, to stand at RMB 14,990 per tonne, marking the fourth consecutive hike this week, found the Shanghai Metals Market. Limited supplies and fair consumption of primary aluminium ingots, resulting in incessant drops in primary aluminium inventories in China market, could be attributed to the uptrend in A00 aluminium ingot price. The average prices today are expected to range between RMB 14,970 per tonne and RMB 15,010 per tonne, with spot contract to be traded at a premium price of RMB 40-80 per tonne, down by RMB 40 per tonne from the previous day. In Chongqing, the A00 aluminium ingot price has grown by RMB 215 per tonne to hover at RMB 14,880 per tonne, while that in Foshan, Hangzhou, and Shenyang has...
World alumina production in H1 2020 grows by merely 1% over the year, output in June drops 2.83% M-o-M
The global alumina production in June 2020 decreased on a monthly basis by 2.83 per cent to stand at 10.98 million tonnes versus 11.3 million tonnes in May, found the International Aluminium Institute. On a year-on-year comparison, the production in June stood flat as the world alumina output during the same period last year was 10.95 million tonnes. The total production in the first half of 2020 came in at 66.05 million tonnes, up by 1 per cent from 65.59 million tonnes in H1 2019. In the second quarter of 2020, the global alumina production stood higher by 1 per cent quarter-on-quarter from 32.86 million tonnes to 33.19 million tonnes. On a year-on-year basis, the output in Q2 was up by 1.37 per cent from 32.74 million tonnes. China, being the world's largest producer of alumina,...
Carcano Antonio receives ASI Performance Standard Certification for conversion operations and rolling plant
Carcano Antonio S.p.A., one of the most important European companies in the field of aluminium foil flexible packaging, has achieved ASI Performance Standard Certification for its conversion operations in Andalo Valtellino and Mandello del Lario, and also for rolling plant in Delebio, Italy. Carcano produces aluminium foils for diverse packaging applications and rolled products used in cables and insulation. The news came after Aluminium Stewardship Initiative announced today, on July 29, that it successfully certified three Carcano facilities against Performance Standard for responsible production, sourcing and stewardship of aluminium. The certification scope covers rolling of aluminium foil, lacquering of aluminium flexible film and lamination of lacquered aluminium foils for food,...
Globally recognised bauxite expert Yves Occello joining Lindian Resources as Non-Executive Director from July 29
According to a recent report, Lindian Resources has appointed Yves Occello as Non-Executive Director, with effect from July 29. Yves is joining Lindian Resources with total 45 years of experience in the bauxite and alumina industry. He previously served as Chief Operating Officer at Pechiney’s Bauxite and Alumina Division. He had also been a Director of Technical Projects at Alcan and Rio Tinto Alcan. Additionally, Yves held a number of board positions at Guinea's largest bauxite producer - Compagnie de Bauxite de Guinee, one of Europe's largest alumina refineries - Aluminium of Greece, and the first junior miner to begin bauxite operations in Guinea - Alufer Mining. Further, Yves is an Honorary Director of the Chinese Academy of Sciences in Beijing. "Yves' comprehensive understanding of...
Aluminium Association of Canada estimates 30% drop in primary aluminium exports to the US in July
The latest data from the Aluminium Association of Canada reveals that Canada's exports of standard P1020 aluminium to the United States have decreased in July from the previous month. The Association estimates the exports to drop by about 30 per cent at the end of the month. So, from 155,000 tonnes in June, Canada's exports to the US in July are likely to come in at 112,000 tonnes. This downward trend started in June with a month-on-month fall of 16 per cent. So, over the last two months, the total downfall in primary aluminium exports from Canada to the US is estimated to cross 40 per cent, indicating a recovery in demand for Value Added Products (VAP). Production at aluminium smelters in North America shifted from Value Added Products to P1020 during the initial months of 2020 in...
Three-month LME aluminium strengthened 0.91% to stand at $1725.5/t, SHFE aluminium price grows to $2094/t
Nonferrous metals on the LME mostly increased, and the US dollar index halted its continuous declines and advanced 0.13 per cent. Three-month LME aluminium strengthened 0.91 per cent to end at US$ 1,725.50 per tonne on Tuesday, July 28, after hitting its highest in nearly five months at US$ 1,728 per tonne earlier in the session. It is likely to move at US$ 1,700-1,740 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price, as of Tuesday, increased by US$ 9.5 per tonne to stand at US$ 1671 per tonne. 3-months bid price and 3-months offer price stood at US$ 1709 per tonne, up by US$ 8.5 per tonne from US$ 1700.50 per tonne on July 27. Dec 21 bid price and Dec 21 offer price came in at US$ 1793.50 per tonne compared to US$ 1784.50 per tonne on the previous...
Rusal’s bauxite production records a surge of 9% to 3.89 MT in Q2 2020, alumina output remains flat at 2 MT
Rusal in its Q2 2020 operating results, released on Monday July 27, revealed that the company’s bauxite production increased by 8.8 per cent quarter-on-quarter to stand at 3.89 million tonnes, primarily buoyed by the hike in output at Timan due to low comparison base of Q1 20, affected by seasonal factors. The output of alumina, on the other hand, remained almost flat over the quarter at 2 million tonnes. Rusal’s alumina refineries in Russia accounted for 35 per cent of the total output, producing 703,000 tonnes in Q2 2020. Aughinish alumina refinery produced 463,000 tonnes of the ore, while Nikolaev refinery churned out 409,000 tonnes. Rusal’s third party bauxite sales in Q2 2020 were 75,000 tonnes. In the entire first half of the year, the sales remained at 75,000 tonnes, down 12.4 per...
Rusal’s aluminium sales increase by 7% amidst production fall in Q2 2020, thanks to Asia’s growing contribution in sales mix
The leading global aluminium producer, Rusal, has released its operating results for the second quarter of 2020. The company reported that its aluminium production in Q2 2020 dropped by 1.4 per cent from the earlier quarter to 927,000 tonnes, Siberian smelters representing 93 per cent of the output. Rusal’s aluminium sales, on the other hand, increased by 6.8 per cent quarter-on-quarter to 976,000 tonnes in Q2 2020, amid the downfall in production. However, the sales of value-added products declined by 14 per cent Q-o-Q to 363,000 tonnes, demonstrating a decline of VAP share in total sales mix to 37 per cent versus 46 per cent in Q1 2020, owing to the COVID-19 pandemic. Backed on the diversified client base, Rusal successfully adjusted the regional sales geography in line with the new...
China’s prebaked anode exports up by 23.4% Y-o-Y in H1 2020, exports in June decline 13%
Prebaked anode exports by China totalled 796,500 tonnes in the first half of 2020, up 23.4 per cent from a year earlier, found the latest customs data. The exports were barely hit by the COVID-19 outbreak as producers increased shipments to overseas to minimize the buildup inventory. However, for the second half of the year, SMM expects China’s exports of prebaked anode to slow down amid a decline in orders as some of the foreign aluminium smelters have reduced their capacity in response to the bleak market due to the continued spreading of coronavirus. Customs data showed that China’s prebaked anode exports in the month of June stood down month-on-month by 30.95 per cent and year-on-year by 12.78 per cent to 114,000 tonnes. Canada, Russia, and Malaysia were the top three importers in...
Alumina spot price in China records second consecutive drop of RMB24/t, while A00 aluminium ingot price grows to RMB14670/t
According to the Shanghai Metals Market, the average alumina spot price has declined for the second consecutive day by RMB 24 per tonne to stand at RMB 2,443 per tonne, as of Tuesday, July 28. The price in the east China market has dropped the highest by RMB 40 per tonne to RMB 2,425 per tonne, while that in the central and north has dwindled by RMB 25 per tonne to RMB 2,440 per tonne. In the south, however, the alumina spot price has remained restrained at RMB 2,520 per tonne. The imported alumina price has also declined by RMB 25 per tonne to clock at RMB 2,425 per tonne. The Australian alumina spot price has remained unchanged, on the other hand, at US$ 281 per tonne. The A00 aluminium ingot price in China, on the other hand, has recorded an increase of RMB 90 per tonne to come in at...
Nalco increases its aluminium ingot price by nearly INR3000/t with effect from July 24
National Aluminium Company has increased its aluminium ingot and aluminium product prices with effect from Friday, July 24, following a cut of nearly 2 per cent with effect from July 18. With the latest hike, Nalco’s aluminium ingot price has come in at INR 143,700-147150 per tonne, up INR 2,950 per tonne or 2.09 per cent from INR 140,750-144,250 per tonne. Nalco is now selling its aluminium billets at INR 147,100-149,750 per tonne, while its aluminium wire rods are being currently sold at INR 147150-151500 per tonne. Like any other major Indian aluminium producers, Nalco links its aluminium prices to the three-month futures of the metal on the London Metal Exchange, which in the last one week during July 20-23 recorded back-to-back rises from US$ 1621 per tonne to US$ 1661 per tonne. So,...
China issues 10th batch of aluminium scrap import quotas allowing additional 3970 tonnes
China’s Ministry of Ecology and Environment has issued the tenth batch of metals scrap import quotas for 2020 on Monday, July 27, allowing an additional 3,970 tonnes of high-grade aluminium scrap to enter into China, according to Shanghai Metals Market report. The latest batch of aluminium scrap import quotas is sharply down by 205,690 tonnes from the previous batch that had allowed 209,660 tonnes of additional high-grade aluminium scrap imports to China, the largest since April. In the seventh and eighth batches of quotas, the authorities had allowed 1,480 tonnes and 5,840 tonnes of additional scrap to enter China. The ninth batch granted the most scrap metal import quotas since April, easing fears over a shortage of supply after the new system for bringing in high-quality scrap material...
Alba’s revenue up by 16% Y-o-Y to $1382.9 million in H1 2020, thanks to higher sales volume
Aluminium Bahrain B.S.C. (Alba) has released financial results for the second quarter of 2020 and the first half of the year. The leading aluminium producer’s (ex-China) performance was impact by lower LME price, which was partially offset by higher sales’ volume. The company reported a gross profit of BD21.6 million (US$57.6 million) in Q2 2020, up by 41 per cent from BD15.4 million (US$40.9 million) during the same period last year. With this, the company’s gross profit in the first half of the year totalled BD55.2 million (US$146.8 million), up by 241% Y-o-Y from BD16.2 million (US$43.2 million). Alba reported a total comprehensive loss of BD19.8 million (US$52.7 million) in H1 2020, up by 4 per cent, compared to a total loss of BD19.1million (US$50.9 million) in H1 2019. In Q2 2020,...
