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.
Hindalco’s aluminium ingot price stands at INR135,750/t after second consecutive day of cut on June 26
Hindalco Industries Limited has again cut its aluminium prices today, on June 26, just after reducing them yesterday by INR 2000 per tonne. This marks the second back-to-back day in a week that Hindalco has trimmed its aluminium prices. Today, the company has cut the prices by INR 1750 per tonne, bringing the aluminium ingot price to INR 135,750 per tonne, with effect from Friday, June 26. With the second straight cut, Hindalco’s aluminium wire rod price has come in at INR 146350 per tonne, down by INR 1,750 per tonne or 1.18 per cent from INR 148100 per tonne on June 25. The prices of Hindalco’s billets, on the other hand, are now standing at INR 142,350 per tonne after being cut by INR 1,750 per tonne from INR 144,100 per tonne. The Indian aluminium producers generally link prices of...
Top 5 Aluminium Importing Countries from US in March 2020; Mexico remained the mainstay
According to the data released by the US Geological Survey, the United States in March 2020 exported 254,000 tonnes of aluminium (including scrap), marking a month-on-month hike of 7.63 per cent from 236,000 tonnes. This brought the United States total aluminium exports in the first quarter of 2020 to 720,000 tonnes, down by nearly 3 per cent from 741,000 tonnes exported during the same period last year. In March 2020, Mexico continued to be the top importer of aluminium from the US among other key importers like Canada, India, the Republic of Korea, and Malaysia. Mexico’ aluminium imports from the US totalled 53,600 tonnes in March 2020, up by 3,400 tonnes or 6.77 per cent from 50,200 tonnes in February. In January, Mexico had imported 49,200 tonnes of aluminium from the US, meaning a...
Iran secretly producing aluminium powder for using in missile programme: Reuters Report
An investigative report published by the Reuters News Agency on Wednesday, June 24, claimed that Iran had been secretly producing aluminium powder for using in missile programme. On the basis of testimony from a former Iranian government official and documents, former senior Tehran official shared with Reuters that Iran’s Revolutionary Guards Corps had been running a facility for the past five years to produce the military-grade material. The facility is located near the city of Jajarm in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite. The report states that Iran is secretly producing aluminium powder amidst international sanctions designed to block its efforts to acquire advanced weapon technology. Aluminium powder is produced from bauxite and is...
LME aluminium price recorded second straight decline at US$1543.5/t; SHFE contract finished the day 0.51% lower
Benchmark aluminium price on the London Metal Exchange dropped 1.31 per cent to US$ 1543.50 per tonne on Thursday, June 25, from US$ 1564 per tonne on Wednesday, June 24. As of Thursday, June 25, LME aluminium cash (bid) price and LME official settlement price slipped by US$ 20.5 per tonne to stand at US$ 1543.50 per tonne. 3-months bid price and 3-months offer price stood down by US$ 23 per tonne to US$ 1563.50 per tonne, while Dec 21 bid price and Dec 21 offer price came in at US$ 1666 per tonne compared to US$ 1688.50 per tonne on Wednesday, June 24. The LME aluminium opening stock totalled 1637750 tonnes, up by 23,650 tonnes from June 24. Live Warrants stood at 1456050 tonnes, while Cancelled Warrants 181700 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$...
Primary aluminium production in GCC rise by nearly 11% Y-o-Y during Jan-May 2020
According to the latest data revealed by the International Aluminium Institute (IAI), the GCC countries in May 2020 produced 496,000 tonnes of primary aluminium, compared to 483,000 tonnes in April. This means the GCC countries saw a month-on-month rise of 13,000 tonnes or 2.69 per cent in aluminium production in May. However, GCC's primary aluminium production in April stood down month-on-month by 16,000 tonnes or 3.21 per cent, following growth in March. From 473,000 tonnes in February, the aluminium output in GCC countries grew by 26,000 tonnes or 5.50 per cent to amount to 499,000 tonnes in March. In January, the production was 498,000 tonnes, meaning a month-on-month decline of 25,000 tonnes or 5.02 per cent in February. The above data indicates that GCC countries saw a downfall in...
China’s aluminium production sector looks promising even after the COVID-19 crisis, suggests analyst
China’s giant aluminium production sector looks like being untouched by the COVID-19 crisis, according to an observation by a columnist for Reuters. The country’s annualised production has increased by 718,000 tonnes over the first five months of 2020, as per the latest estimate from the International Aluminium Institute (IAI), bringing its share to the world aluminium output to 57 per cent in May. But in contrast, the annualised aluminium production in the rest of the world has decreased by 612,000 tonnes over the same period (January-May), owing to restricted movements and low international prices, which have led many smelters to close or curtail their productions. China is already the world’s largest aluminium producer and it dominance over the world is less likely to not increase in...
Amaero plans to commercialise its new high-performance aluminium alloy, applies for broad international patent coverage
Amaero International Limited, a world-class additive manufacturing specialist, announced that it has applied for broad international patent coverage for its high-performance aluminium alloy Amaero HOT AI. The new heat treatable alloy has already entered the final approval stage, the national phase of the Patent Co-operation Treaty (“PCT”), with three out of four stages of patent application already completed. Amaero HOT AI is a new high-performance aluminium alloy with scandium and manganese alloying, resulting in 3D printed parts that can be directly treated with age-hardening heat treatment to yield superior strength and durability at high operating temperature. “There has been a significant amount of work completed over more than half a century to improve the heat tolerance of...
Hindalco cuts its aluminium ingot price by INR2000/t with effect from June 25 after a hike last week
Hindalco Industries Limited has again reduced its aluminium prices in line with the market demand and supply, following a hike last week. The company has cut its aluminium ingot price by INR 2000 per tonne or 1.43 per cent, with effect from June 25, to bring down the price at INR 137,500 per tonne from INR 139,500 per tonne on June 18 . With the latest cut, Hindalco's aluminium wire rods and billets prices have come in at INR 148100 per tonne and INR 144100 per tonne, respectively, down by INR 2000 per tonne from INR 150,100 per tonne and INR 146,100 per tonne, as of June 18. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange. The three-month futures of aluminium declined more than 11% so far in 2020...
Bauxite resources from Chalco’s Boffa mine project soon to arrive at a Chinese port
Aluminium Corporation of China Limited, popularly known as Chalco, has reported in a written statement that it is all set to send its shipment from a bauxite mine in Boffa, Guinea. A large ocean-going ship laden with high-quality bauxite from Boffa will soon arrive at the Fangchenggang port in the Guangxi Zhuang autonomous region, said the company on Wednesday, June 24. Chalco’s Boffa bauxite mine project is a major cooperation between China and Guinea. The project started its construction work in 2018 and is about to complete two months ahead of schedule. Industry analysts believe that this project will not only bring mutual benefits and win-win results for both sides but will also become an important source of overseas bauxite resources for Chalco. "China's mining companies have been...
China’s estimated primary aluminium production in May 2020 exceeds 3 million tonnes after a dip in April
China’s estimated aluminium production in May 2020 recorded a growth of 3.60 per cent to stand at 3.105 million tonnes, following a month-on-month drop in April, found the International Aluminium Institute (IAI). In April, China’s estimated aluminium output was 2.997 million tonnes, down by 3.17 per cent from 3.095 million tonnes in March 2020. In February, China had produced approximately 2.909 million tonnes of primary aluminium, meaning the country’s production in March increased by 6.39 per cent. However, China’s estimated production in February registered a decline of 5.43 per cent from 3.076 million tonnes of output in January 2020. On a year-on-year comparison, China’s estimated aluminium production in May increased by 1.64 per cent from 3.055 million tonnes. In the five months of...
Primary aluminium inventories continue to trend down over brisk trading ahead of the Dragon Boat Festival holiday
Primary aluminium inventories have extended the downfall by 32,000 tonnes over the week ending on Wednesday, June 24, according to Shanghai Metals Market. Data shows the inventories after declining across eight major Chinese consumption areas, including SHFE warrants, have come in at 722,000 tonnes as of today. The reason behind the continued downtrend in inventories this week could be brisk trading ahead of the Dragon Boat Festival holiday from June 25-27. Last week, on Thursday, June 18, the inventories were at 754,000 tonnes after decreasing by 33,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more details: As the above chart shows, the primary aluminium inventories in Shanghai and Nanhai have declined by 25,000...
Protective Measures against COVID-19: JNARDDC manufactures an all-aluminium food-operable sanitiser dispenser
According to a recent report, Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur, has manufactured an all-aluminium foot-operable sanitiser dispenser and alcohol based advanced hand sanitiser named Corovirunil. The purpose of inventing foot-operable dispenser is to curb the spread of coronavirus from an infected person to others while using the same sanitiser bottle with hands. The foot-operable dispenser will require the users to press the pedal of the dispenser with their feet to get sanitiser. Bottles of different sizes from 500ml to 1 litre could be fixed to the dispenser, fabricated from aluminium alloys. Various extruded and rolled aluminium products have been used to manufacture the dispenser; hence, it can beat any sanitiser dispenser in terms of...
Chinese alumina market participants worried about supply disruption if caused by Hydro’s Alunorte production cut
On Tuesday, June 23, Chinese alumina market participants reported that they are keeping a close eye to Hydro’s recent power outage in Brazil to determine if the incident would cause a long-term alumina supply disruption. “Although it might impact only around 100,000 tonnes of alumina supply to the world, we are still uncertain as to whether [the Paragomias bauxite mine] will be back on time, especially when the Covid-19 outbreak is so serious in Brazil now,” said an alumina trader in Beijing. Hydro announced on Monday, June 22, that its production at Paragominas bauxite mine in the state of Pará in northern Brazil is at a temporary halt due to power outage as three power transmission towers overturned on Saturday, June 20. Since the Paragominas mine supplies bauxite to Alunorte alumina...
LME aluminium price increased to $1577.5/t; Most-liquid SHFE contract came off from session highs
The US dollar continued to edge lower on Tuesday, June 23, hitting the lowest level in more than a week, as the US President Donald Trump boosted investors’ optimism after he tweeted that the trade deal with China was “still intact”. This followed an increase in the greenback when the markets were unsettled by surprise comments from White House trade adviser Peter Navarro who said the hard-won deal was “over”. Three-month LME aluminium consolidated weakly around the five and 10- day moving averages on Tuesday, falling to an intraday low of US$1,590.5 per tonne near closing and paring some losses to end 0.59% lower on the day. As of Tuesday, June 23, LME aluminium cash (bid) price and LME official settlement price increased from US$ 1573 per tonne to US$ 1577.50 per tonne. 3-months bid...
Tanzania government announces to release Ocean Aluminium cargo held at port after thorough inspection
Tanzania government will release a consignment of aluminium products imported by the city-based Ocean Aluminium Company only after a thorough inspection by environmental experts. Such was the statement announced by the government last weekend. In Tanzania, under section 133(2) of the Environmental Act, 2004, any persons or companies are prohibited from importing, exporting, recycling or collecting hazardous waste including metal scrap, used batteries, electronic waste, and hospital dischargeable without prior approval of the National Environmental Management Council (Nemc). Ocean Aluminium Company had imported over 40 tonnes of aluminium without Nemc’s approval several months ago, and therefore, the consignment got stranded at the Dar es Salaam port. This prompted the minister of State in...
No laterite is sent to Vedanta, claims Andru Minerals
Andru Minerals, which owns eight mining leases in Vanthada village of Prathipadu Mandal, East Godavari district, has claimed that the allegations made on them of sending the laterite that they mine to Vedanta hold no truth, according to a recent report. In a press release, Andru Minerals stated that some cement companies use their laterite but not Vedanta. Vedanta obtains needed minerals locally as they have a tie-up with the Odisha government, added Andru Minerals in support of their claims that the allegations of exporting laterite to Vedanta are mistaken. Andru Minerals also said for further clarification that lease holders used to supply minerals to Andru Minerals in the past. Vedanta bought some of it then while some was exported to China. However, it all happened several years ago....
CAAM revises auto sales estimate for 2020 in line with China’s market recovery from COVID-19 pandemic
China Association of Automobile Manufacturers (CAAM) has reportedly revised its estimate for China’s auto sales in 2020. From the previous estimate of a decline of 15-25 per cent, the association shows a sign of improvement expecting the sales to drop by 10-20 per cent, in line with China’s economy revival and market recovery from the COVID-19 pandemic. CAAM data showed that China’s auto sales surged by double-digit in May, boosting optimism over the recovery from the Covid-19 crisis. The sales in the said month grew 14.5 per cent year on year, much faster than an increase of 4.4 per cent in April. Also, the decline of 22.6 per cent registered in the first five months of 2020 to 7.96 million units was 8.5 percentage points smaller than the decline seen in January-April period. On the...
NALCO increases its aluminium prices by nearly 1% w.e.f June 20 in line with market demand and consumption
National Aluminium Company Limited (NALCO) has again increased its aluminium prices with effect from Saturday, June 20, following a cut on Wednesday, June 17. According to the prices revealed by the company, aluminium ingots prices are now ranging between INR 140050 per tonne and INR 143,550 per tonne, up by INR 1000 per tonne or nearly 1 per cent from INR 139050-142550 per tonne on June 17. With the latest hike, the prices of aluminium billets have come in at INR143500-146150 per tonne compared to INR142,500-145,150 per tonne after the previous cut, while the prices of aluminium wire rods have clocked at INR 144,550-148,900 per tonne as against INR 143,550 – 147,900 per tonne on June 17. The above data shows that both the prices of aluminium billets and aluminium wire rods of NALCO have...
