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.
Chinese alumina spot price marks second-highest growth this year climbing RMB46/t, A00 aluminium ingot price shows restraint
The average alumina spot price in China has recorded a significant hike for the fourth day in a row, higher from the earlier three days, found Shanghai Metals Market. SMM data shows the price has climbed by RMB 46 per tonne or 2.01 per cent to stand at RMB 2,333 per tonne, as of Friday, July 3, marking the second-highest growth this year since April 20 when the alumina spot price had increased by RMB 51 per tonne from RMB 2,064 per tonne to RMB 2,115 per tonne. In the east, the average alumina spot price has increased by RMB 30 per tonne to clock at RMB 2,290 per tonne, while that in the central and north has surged by RMB 55 per tonne to RMB 2,345 per tonne. In the south, however, the alumina price has remained restrained at RMB 2,520 per tonne. The imported alumina price has registered...
Hindalco again increases its aluminium prices by 1% w.e.f July 1 in line with rallying LME prices
Hindalco Industries Limited has increased its aluminium products prices by again 1 per cent for the second consecutive time, with effect from July 1, 2020. With the latest hike, the company’s aluminium ingot price has come in at INR 139,750 per tonne compared to INR 138,000 per tonne on June 27, indicating a hike of INR 1,750 per tonne or 1.27 per cent over the week. Hindalco’s aluminium wire rod price and billet price, on the other hand, are respectively standing at INR 150,850 per tonne and INR 146,850 per tonne, marking growth of INR 1,750 per tonne or 1.17 per cent and 1.21 per cent from INR 149,100 per tonne and INR 145,100 per tonne on June 27. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange....
Garnalex innovates and invests amidst COVID-19 crisis, soon to launch revolutionary aluminium window system
Even amidst the lockdown and economic disruptions due to COVID-19, Garnalex has reportedly continued to invest in new innovative aluminium window and door systems. As per the report, Garnalex is on track to launch its revolutionary beadless aluminium window system Sheerline Classic in July, followed by Sheerline’s Prestige window and door system at the end of the summer. The latest investment in Sheerline includes an integrated 85,000 ft2 assembly line, warehouse, and control centre. Besides, the company has expanded its fleet of Combilift forklift trucks, which, together with GarnerSys software operational management system, will ensure higher efficiency in Garnalex’s factories, warehousing, and logistics. Garnalex has also appointed an industry veteran Tony Basile who will work...
Aluminium billet inventories increase by 6,900 tonnes week-on-week due to higher stock arrivals
Aluminium billet inventories in China have increased this week due to higher arrivals, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have rebounded by 6,900 tonnes week-on-week across five major consumption areas to stand at 73,200 tonnes, following a decline of 5,200 tonnes to 66,200 tonnes last week, June 24. The chart below indicates the current status of aluminium billet inventories across China in more details: Except Foshan, the hike in aluminium billet inventories has touched upon all the major Chinese markets this week. In Foshan, the stocks have declined by 4,800 tonnes to stand at 21,200 tonnes. In Wuxi and Nanchang, the inventories have hiked by 3,200 tonnes and 3,100 tonnes, respectively, to come in at 17,900 tonnes and 11,200 tonnes, while...
Singapore trying to boost aluminium packaging waste recycling, rolls out thirty-four new reverse vending machines
Thirty-four new reverse vending machines have been added to the existing network of sixteen at locations islandwide in Singapore. The new machines that accept plastic and aluminium containers and dispense discount vouchers in return have been rolled at malls like IMM and Vedok Mall and complexes like the Toa Payoh and Jalan Besar Sports Centres. The new machines now give a wider range of reward choices to people who deposit receptacle plastic or aluminium cans. The rewards include free rides with bike-sharing firm Anywheel, CapitaLand malls vouchers, ActiveSG credit, and Sentosa Fun Pass tokens. On depositing ten drink containers into new machines, one can get a 50 cent ActiveSG credit, while existing machines dispense a 20 cent Fairprice discount voucher for every 20 containers...
New aluminium alloy powder by CNPC, benefits to Additive Manufacturing applications in automotive & aerospace
CNPC Powder, headquartered in Vancouver, Canada, with production facilities in China as well, has reported that it is producing a new range of aluminium alloy powder at its recently established Automated Metal Production (AMP) line. CNPC’s new range of aluminium powder is explicitly designed for Powder Bed Fusion (PBF) metal Additive Manufacturing. It is said to exhibit good flowability and sphericity with a few satellites. CNPC said its new aluminium alloy powder range would provide value to large-volume additive manufacturing applications in industries like automotive and aerospace. “We have achieved success with our AMP line and suite of Al alloys by redesigning atomisation beyond existing atomisation capabilities, such as VIGA, PREP and EIGA,” the company states. “This bottom-up...
COVID-19 Recovery: Victorian Greens suggests upgrading Portland Aluminium smelter to serve as “reverse battery”
The Victorian Greens, the Victorian state member party of the Australian Greens, has reportedly come up with a green COVID-19 recovery package, which consists of funding to upgrade Portland Aluminium smelter to allow it to act as a “reverse battery” while being powered by wind and solar. The Victorian Greens has suggested the Victorian government to reprioritise its subsidies of about $200 million for the Portland aluminium smelter and apply the funding to upgrade the smelter to be used as a “reverse battery”. This upgrade, according to the Victorian Greens, will allow Portland Smelter to use energy for aluminium production when there is a dearth of wind and solar energy supply. This is also believed to allow the smelter to strategically reduce its energy use when the energy supply-demand...
LME aluminium price closed lower at $1593.5/t amid opening stock decline; SHFE hiked for the third straight day
The US dollar slipped on Wednesday, July 1, in choppy trading, with the market having a modest appetite for risk-taking amid generally upbeat US data and improving European economic numbers. The dollar index, which tracks the greenback against basket of its peers, touched a one-week low of 97.025 before closing at 97.153. Three-month LME aluminium hovered in a broad range between US$ 1,615-1,626 per tonne before closing the day higher at US$1,618 per tonne, continuing the price rally. As of Wednesday, July 1, LME aluminium cash (bid) price and LME official settlement price, however, decreased from US$ 1602 per tonne to US$ 1593.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1614 per tonne after declining by US$ 7.5 per tonne from the previous day. Dec 21 bid price...
India-China skirmish effect: Delay in Haima Austomobile's new energy vehicle debut in India
Sino-China tension, in addition to the on-going economic disruption due to the COVID-19 crisis, may cause a further delay in Chinese automaker Haima Automobile’s entry in India. Earlier this year, Haima New Energy (a wholly-owned subsidiary of Haima Automobile Group) had entered into a technical collaboration with north India based Bird Group to launch an electric hatchback, likely to be named Bird Electric EV1, in the price range of INR 10 lakh upwards. The vehicle was initially scheduled to be unveiled in the first week of February 2020. But because of the coronavirus outbreak in China, senior contingent from Haima were unable to travel for the show, delaying the formalisation of the venture by a few weeks. This is the second attempt of Bird Group to set foot in the space of electric...
ALRO SA celebrating 55th Anniversary – a journey from 8,000tpa electrolytic aluminium to diversified product portfolio
ALRO S.A., one of the largest vertically integrated aluminium producers in Europe, is reportedly celebrating its 55th anniversary by being committed to the employees, partners, and clients for over the last five decades and standing as one of the strong pillars for the Romanian economy all through the years. ALRO started operating in 1965 and now has two divisions – primary and processed aluminium. After constantly advancing its technologies, ALRO has reached a production capacity of 265,000 tonnes of electrolytic aluminium per annum, while its cast-house capacity has reached 325,000 tonnes per annum. In a year, the company produces 100,000 tonnes of flat-rolled aluminium. ALRO has invested more than US$ 7000 million since privatization in technology and environmental protection. 'The...
Huaxing alumina refinery temporarily closes a production line, removes 50-80 thousand tonnes supply
Huaxing alumina refinery, located in Shanxi province of northern China, has temporarily closed one of its production lines following an equipment accident, reported several sources on Monday, June 29. According to market estimates, the alumina production line could take 20 to 30 days to return to full operation. Until then, it may remove around 50,000 to 80,000 tonnes of alumina supply from the Chinese domestic market. Huaxing alumina refinery was co-founded by Aluminum Corp of China (Chalco) and China Resources (Holdings) Co in 2010. It has a full alumina production capacity of 2.2 million tonnes per year. But until the beginning of June when the refinery resumed its idled 1.2 million tonnes per year to bring to full capacity, it was operating at 1 million tonnes per year. However, the...
India-China tensions: India Government mulling measures to curb aluminium imports from China
According to a recent report, India has started contemplating various measures to minimise the aluminium imports as metal shipments from China have marked a sharp hike. Ministry of Mines has formed an Inter-Ministerial Committee (IMC) to examine ways to trim aluminium imports and prop up domestic smelters to substitute overseas supply. As per the report, the government departments in New Delhi are discussing possible measures to restrict cheap and low-quality Chinese products, in line with the rising border tensions between India and China. China accounts for 16 per cent of the metal imports to India. Other countries that supply the metal to India are the United States, Malaysia, the United Kingdom, and the United Arab Emirates. According to a survey, more than 60 per cent of India’s...
Three-month LME aluminium closed higher at $1613/t for the second consecutive session; SHFE hiked to $1977/t
The US dollar started the week on a negative footing and edged lower on Monday. Market sentiment was lifted as the European Union is preparing to open its borders to travellers from 14 countries after months of lockdown. Three-month LME aluminium closed higher for the second consecutive session, ending at US$ 1,613 per tonne, up 0.97 per cent on the day. As of Monday, June 29, LME aluminium cash (bid) price and LME official settlement price increased from US$ 1582 per tonne to US$ 1589 per tonne. 3-months bid price and 3-months offer price stood up by US$ 9.5 per tonne to US$ 1607 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1706.50 per tonne compared to US$ 1699 per tonne on Friday, June 26. The LME aluminium opening stock totalled 1648000 tonnes. Live Warrants stood...
Austal delivers aluminium warship USS Oakland (LCS-24) to the US Navy
Austal, an international shipbuilder based at Perth, announced today, June 29, that it delivered its twelfth Independence class littoral combat ship (LCS) made of aluminium to the US Navy. Built at the Austal’s shipyard in Mobile, Alabama, the USS Oakland (LCS-24) is a 127-metre long aluminium trimaran multi-purpose warship. Five other warships under LCS are undergoing various stages of construction at the same shipyard. According to the report, Austal has orders for 14 expeditionary fast transport vessels (EPF) from the US Navy, of which 11 have already been delivered. Sharing the joy on completing the warship LCS-24, Austal chief executive David Singleton said there was a great sense of pride in completing the project amidst the COVID-19 pandemic. “Austal USA has met the challenge to...
Alcoa launches 2021 apprentice recruitment campaign for Western Australia alumina refineries even amidst COVID-19 crisis
According to a recent report, Alcoa has come up with its 2021 recruitment campaign for apprentices despite the COVID-19 crisis and weak economy. The company says that it plans to recruit 24 apprentices, who will join 101 other apprentices in Western Australia alumina refineries in January 2021. The apprenticeship programme is for four years, and upon completion the participants will earn a nationally recognised trade certificate in mechanical fitting, heavy duty plant mechanics, fabrication and welding or industrial electrical instrumentation. Alcoa also says that it is offering industry competitive remuneration and benefits to the apprentices so that they are able to live close to operations located in the Peel region and Perth. Alcoa human resources and employee relations director...
Chinese primary aluminium inventories decline shrink to 4,000 tonnes since last Wednesday
Shanghai Metals Market found further downfall, although slower, in Chinese primary aluminium ingots inventories over the past three-day Dragon Boat Festival holiday. According to the data, the inventories across eight major consumption areas, including SHFE warrants, decreased 4,000 tonnes from last Wednesday, June 24, to stand at 718,000 tonnes, as of Monday, June 29. Last week, on June 24, the primary aluminium stocks had shrunk 32,000 tonnes week-on-week to come in at 722,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Since the decline in primary aluminium ingots inventories has not touched upon all the major Chinese markets today, the stocks in Gongyi and Hangzhou have increased by 4,000 tonnes and 1,000 tonnes,...
A00 aluminium ingot price in China edges higher by RMB80/t amid muted input costs; Aluminium alloy (A356) price up by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a hike over the Chinese Dragon Boat Festival Holiday by RMB 80 per tonne to stand at RMB 14,090 per tonne on Monday, June 29. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per tonne, with spot contract to be traded at a premium price of RMB 190-230 per tonne. Tianjin has seen the highest growth in A00 aluminium ingot price of RMB 110 per tonne among all the major Chinese cities to hover at RMB 14,110 per tonne, followed by Linyi, where the price has increased by RMB 100 per tonne to RMB 14,130 per tonne. In Hangzhou, the A00 aluminium ingot price has grown by RMB 85 per tonne to RMB 14,125 per tonne, while that in Foshan and Wuxi has edged higher by RMB 70 per tonne to...
Primary aluminium production in West Europe declines by 4% during Jan-May, but grows by 2% in East and Central Europe
According to the International Aluminium Institute (IAI) data, primary aluminium production in West Europe stood at 284,000 tonnes in May 2020, while that in East and Central Europe came in at 351,000 tonnes. Month-on-month, the output in West Europe grew by 2.53 per cent from 277,000 tonnes and that in East and Central Europe increased by 2.63 per cent from 342,000 tonnes. However, the production in both West Europe and East and Central Europe in April stood lower by 3.48 per cent and 3.39 per cent from 287,000 tonnes and 354,000 tonnes in March. In February, the productions were at 263,000 tonnes and 331,000 tonnes in West Europe and East and Central Europe, respectively, meaning the output in February grew by 9.13 per cent and 6.95 per cent. In January, the primary aluminium production...
