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.
Aluminium billet inventories gain 900 tonnes this week on increased stock arrivals
According to Shanghai Metals Market, the 6063 aluminium billet inventories on Thursday, June 11, gained 900 tonnes over the week to stand at 74,000 tonnes, following a drop of 4,000 tonnes on last Thursday, June 4, to 73,100 tonnes. SMM estimated that the growth in stock arrivals in contrast to lower shipments from inventories could be attributed to the slight rise in aluminium billet inventories on June 11. The chart below indicates the current status of aluminium billet inventories across China in more details: Nanchang saw a rise in billet inventories of about 2,120 tonnes, while Wuxi and Changzhou witnessed growth of 970 tonnes and 360 tonnes, respectively. Thus, the stocks in Nanchang are presently at 6,220 tonnes and that in Wuxi and Changzhou at 12,300 tonnes and 7,780 tonnes. In...
LME aluminium price declined sharply to US$1582/t on US dollar gain; SHFE fell to US$1949/t
The US dollar gained on Thursday, June 11 as US stocks plunged amid reduced expectations that the global economy would recover swiftly from the coronavirus pandemic, following Wednesday’s economic outlook from the Federal Reserve. The three-month LME aluminium declined, closing the day 2.03 per cent lower at US$ 1,594 per tonne. On Thursday, June 11, both LME aluminium cash (bid) price and LME official settlement price declined sharply by US$ 31.5 per tonne to stand at US$ 1582 per tonne. 3-months bid price and 3-months offer price decreased by US$ 32.5 per tonne to come in at US$ 1605.5 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1705 per tonne, down by US$ 30 per tonne from US$ 1735 per tonne. The LME aluminium opening stock decreased from 1541125 tonnes on June 10...
Primary aluminium inventories in China decline below 800,000 tonnes
The primary aluminium ingot inventories in China have continued to trend down today, on June 11, found Shanghai Metals Market. The stocks across eight major consumption areas, including SHFE warrants, have decreased by 60,000 tonnes over the week to stand as low as 787,000 tonnes, following a decline of 46,000 tonnes to 847,000 tonnes last Thursday, June 4. The chart below indicates the current status of primary aluminium inventories across China in more details: The primary aluminium inventories in Wuxi have seen the highest fall today of 41,000 tonnes to 285,000 tonnes, while the stocks in Nanhai have plunged by 17,000 tonnes to stand at 161,000 tonnes. In Gongyi, the inventories have decreased by 3,000 tonnes to 42,000 tonnes and in Hangzhou by 2,000 tonnes to 104,000 tonnes. In...
Rusal seeking alternative railway route for raw material sourcing to Achinsk refinery, heavy rains disrupt existing route
Rusal, the largest aluminium producer outside China, is seeking alternative routes for sourcing raw materials to its Siberian Achinsk alumina refinery as damaged rail infrastructure has interrupted supplies. Such was the news that came after Rusal reported on Wednesday, June 10. A section of Russian railways, the state-owned railway monopoly, used by Rusal’s Achinsk refinery, was damaged by heavy rains on Sunday, June 7. Railways said the area received half a typical month’s rainfall in 24 hours. Rusal said in a statement that it was corresponding with Russian Railways for an alternative route to the refinery, the largest in Russia. The refinery supplies the ore to Krasnoyarsk aluminium smelter. Rusal also said that as of today, the supply of bauxite and other raw materials to its Achinsk...
Vedanta expands its aluminium price hike to nearly 3% with effect from June 11
According to a recent report, Vedanta has further increased its aluminium ingot and billet prices with effect from Thursday, June 11, marking the third consecutive growth. While the rate of price hike has increased from the earlier time to 2.77 per cent or INR 3,750 per tonne, the aluminium ingot price of Vedanta is now ranging between INR 139,250 per tonne and INR 152,250 per tonne, compared to INR 135,500-148,500 per tonne on June 6. In the latest hike, Vedanta’s aluminium billet price has also increased by INR 3,750 per tonne or 2.61 per cent to stand at INR 147,250 per tonne. Earlier, after the price growth on June 6, Vedanta’s aluminium billet price was standing at INR 143,500 per tonne. Vedanta’s price hike today follows its aluminium Cost of Production cut report yesterday, on June...
Alumina spot price in China extends growth to RMB2247/t; A00 aluminium ingot price also echoes the uptrend
According to Shanghai Metals Market, the average alumina spot price has extended its growth by RMB 9 per tonne to stand at RMB 2,247 per tonne on Thursday, June 11. In the east and central, the price has increased by RMB 10 per tonne to RMB 2,225 per tonne and RMB 2,250 per tonne, while that in the north and south has remained restrained at RMB 2,245 per tonne and RMB 2,520 per tonne, respectively. The imported alumina price has displayed no change as well from RMB 2,190 per tonne, while the price of Australian alumina FOB has grown by US$ 3 per tonne to US$ 255 per tonne. Backed on the rise in the average alumina spot price, the A00 aluminium ingot price has recorded a hike of RMB 40 per tonne to come in at RMB 13,860 per tonne. The average prices are expected to range between RMB 13,840...
LME aluminium price surged to US$1613.5/t on extended loss of US dollar; SHFE price grew further by US$13/t
The US dollar extended losses on Wednesday, falling to a fresh three-month low against a basket of major currencies after the Federal Reserve made no policy changes, as expected. Three-month LME aluminium recovered its declines from March as it climbed on a softened US dollar, hitting a session high of US$ 1,640 per tonne and ending higher on the day at US$ 1,627 per tonne. It is expected to trade between US$1,600 per tonne and US$ 1,650 per tonne today. As of Wednesday, June 10, LME aluminium cash (bid) price and LME official settlement price jumped to US$ 1613.50 per tonne, an increase by US$ 48 per tonne. 3-months bid price and 3-months offer price also climbed from US$ 1592.50 per tonne to US$ 1638 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1735 per tonne, up by...
Press Metal’s low-cost structure and scarcity premium for aluminium to underpin its stock price
Press Metal Aluminium Holding Bhd’s low-cost structure, good track record under the present management, and scarcity premium for aluminium are likely to support its share price. The company’s operating cash flows also look healthy as reflected in the financial results of Q1 CY2020 March 31, said Affin Hwang Investment Bank Bhd. The group generated a positive operating CF of RM348 million in Q1 compared to RM206 million previously. Affin Hwang said in a report today, "Although the demand for its value-added products was negatively affected by the slowdown in global aluminium demand, the group managed to mitigate the impact by shifting to produce more primary ingots." The investment bank also noted that Press Metal assured of having enough operating CF to sustain its operations. Press...
India’s first spring water beverage "Responsible Whatr" launched in recyclable aluminium cans
Fabonest Food and Beverages Pvt Ltd has reportedly launched India's first spring water beverage "Responsible Whatr" in sustainable and endlessly recyclable aluminium cans, canned at the brand’s state-of-the-art plant. The water is rich in naturally balanced essential minerals and is directly sourced from a virgin and a completely natural source in Solan, Himachal Pradesh. The brand aims at working in line with the government’s provisions of the plastic waste management rules and their ambitious target of eliminating single-use plastics by 2022. Ankur Chawla, Co-founder of Responsible Whatr, said: “Currently, the plastic waste generation in India is roughly estimated at 9.46 million tonnes annually, of which 40 percent remains uncollected. Keeping India’s plastic consumption in mind and...
“The unfortunate pandemic that we are facing is a catalyst for the Industry 4.0,” Éloïse Harvey, B.Eng. & Mgmt, President of Mecfor
Éloïse Harvey is president of Mecfor, a Quebec-based company that supplies and manufactures specialized equipment for heavy industry, primary aluminium smelters and secondary plants, mining, rail and nuclear. Éloïse Harvey has been working for the heavy industry (with a strong focus on the aluminium sector) since 1999 holding various positions related to sales, marketing and business development for MECFOR and today she is president for Mecfor. We are glad to get an opportunity to interview Ms Harvey to know her individual insights into the Industry 4.0, especially in light of the COVID-19 pandemic. She thinks implementation of new technologies in the aluminium industry does change the dynamic that exists between equipment manufacturers and aluminium producers. She says COVID-19 has...
“Before the pandemic, we saw the need for connectivity and moved into Industry 4.0,” Peter Unwin, AMETEK Land and AMETEK Surface Vision’s Global Industry Manager – Metals
Peter is a chartered mechanical engineer and long serving member of the Institute of Mechanical Engineers (IMechE). He has worked in the metals industry for over 30 years during which time he has gained a broad knowledge of the production of steel and aluminium from smelting through to finished products. He has spent the majority of his time leading technical sales teams and developing close customer relationships globally in the flat metals sector specialising in equipment for casting and rolling steel and aluminium strip products. Here, we have Mr Unwin with us sharing some of his views on the importance on Industry 4.0 during the on-going COVID-19 pandemic. In his view, Industry 4.0 facilitates you to access accurate data at any point in time and from anywhere, which is exactly a need...
Vedanta cuts aluminium production cost by 20% in Q4 FY20
Even amidst the sluggish aluminium demand and low prices caused by the COVID-19 pandemic, Vedanta Limited has been able to trim its aluminium Cost of Production (CoP) in the fourth quarter of FY20 by 20 per cent year-on-year to $1451 per tonne, according to a recent report. In the full financial year 2020, Vedanta’s aluminium Cost of Production was down by 14 per cent year-on-year to $ 1690 per tonne. Reducing aluminium production costs further indicates a positive sign for Vedanta amid a slide in the prices of white metal on the London Metal Exchange. The global consultancy CRU projects further downfall in aluminium prices, attributing to the estimated hike in global inventories by 5 million tonnes to 16 million tonnes, much of it in the non-LME registered warehouses by the end of the...
NALCO increases its aluminium prices by over INR4000/t with effect from June 6
National Aluminium Company Limited (NALCO) increased its aluminium prices with effect from Saturday, June 6. With the latest hike, NALCO's prices of aluminium ingots came in at INR 136,750-140,250 per tonne, up INR 4,200 or 3 per cent from INR 132,550-136,050 per tonne on May 9. The prices of aluminium billets also grew by 3 per cent from INR 136,000 – 138,650 per tonne on May 9 to INR 140,450-142,850 per tonne on June 6. The aluminium wire rods prices, as of Saturday, June 6, stood at INR 141,250-145,050 per tonne. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down nearly 14% so far in 2020 due to slower global demand following the coronavirus outbreak. Aluminium...
LME aluminium price declined to US$1565.5/t on increasing opening stock; SHFE price continued to grow
The US dollar continued to trade lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement. Three-month LME aluminium recovered after declined, but it failed to end higher on the day as it lost 0.12 per cent on the day at US$ 1,603 per tonne. Open interest increased 1,810 lots to 862,000 lots as shorts loaded up their positions. On Tuesday, June 9, LME aluminium cash (bid) price and LME official settlement price decreased from US$ 1569.50 per tonne on June 8 to US$ 1565.50 per tonne. 3-months bid price and 3-months offer price also declined from US$ 1596 per tonne to US$ 1592.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1695 per tonne, down by US$ 5 per tonne from US$ 1700 per tonne. The LME aluminium...
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“The COVID-19 pandemic has reinforced the relevance of Industry 4.0 as an essential strategic component of manufacturing” - Dr Alexeis Garcia-Perez, Associate Professor in Cyber Security Management, Coventry University
Dr Alexeis Garcia-Perez is an Associate Professor in Cyber Security Management at Coventry University (UK) and a Visiting Research Scholar at Georgetown University (USA). His original background in Computer Science was complemented by a PhD in Information Systems from Cranfield University, enabling an interdisciplinary perspective of Business Information Systems practice and research. Alexeis leads the ‘ Data, Organisations and Society’ research team at Coventry University’s Research Centre for Business in Society. He works with a range of organisations from the public and private sectors, helping them shape the policy and practices that support the digital transformation of businesses and society. Here, we have him with us sharing his insights into how the Industry 4.0 is gradually...
Alupro inks a deal with Resource Efficient Data to collect UK waste details
Aluminium Packaging Recycling Organisation (Alupro) has reportedly signed a deal with Resource Efficient Data to have access to the Cardiff-based data start-up’s UK waste data platform. The platform houses open source data from Waste Data Flow, which is a web-based system for municipal waste data reporting used by local authorities. Rick Hindley, executive director of Alupro, said: “We immediately saw the benefit and ease of use of using Resource Efficient Data’s platform of UK waste data. It will help us to analyse and compare data even further, in particular with our MetalMatters programme we run with our local authority partners.” MetalMatters is an industry-funded programme aimed at increasing the capture rate of metal packaging collected for recycling at the kerbside. Mr Hindley also...
European aluminium foil deliveries rise 3.4% in Q1 2020, thanks to strong demand during COVID-19 lockdown
The total aluminium foil shipments from Europe recorded a slight rise by 0.59 per cent in the first quarter of 2020 to 242,100 tonnes compared to 240,700 tonnes during the same period last year, found the European Aluminium Foil Association (EAFA). European deliveries rose by 3.4 per cent during the said period but were largely offset by a drop of 13.3 per cent in exports, showed the EAFA data. Restocking after the long Christmas holiday, driven by the strong demand for domestic uses, pre-packed foods, and takeaway services caused by the COVID-19 lockdown, is believed to have been a major factor for the increase in deliveries. Disrupted supply chains due to earlier lockdowns in the European market, on the other hand, accounted for the decline in exports. Production of thinner gauges,...
Primary aluminium output in China grows to 3.07 million tonnes in May; Operating rates up 0.2 percentage point
According to the data released by Shanghai Metals Market, China’s primary aluminium production in May grew nearly 1 per cent over the year to 3.07 million tonnes. Compared to the previous month, the output stood higher by 3.72 per cent. In April 2020, China’s primary aluminium production was 2.96 million tonnes. As of May-end, there were 36.58 million tonnes among 41.23 million tonnes per year of existing primary aluminium capacity in operation, up 700,000 tonnes from a month ago. Operating rates across the smelters increased as well by 0.2 percentage point to 88.7 per cent as new and resumed capacities in Xinjiang, Inner Mongolia, and Sichuan ramped up. During the first five months of 2020, China’s primary aluminium output totalled 15.01 million tonnes, an increase of more than 3 per...
