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.
China’s alumina production grows 3.19% in May, daily output remains flat
China’s alumina production in May stood at 5.83 million tonnes, including 5.58 million tonnes of metallurgical-grade alumina, found Shanghai Metals Market. This was up by 3.19 per cent from 5.65 million tonnes in April, which included 5.4 million tonnes of metallurgical-grade alumina. China’s daily alumina output in May was calculated at 180,000 tonnes, an increase of only 0.1 per cent from 179,800 tonnes during the previous month. But when compared to the same period last year, it was down by 6.54 per cent, although a slower year-on-year decline than 8.61 per cent in the previous month. According to SMM data, the output of metallurgical-grade alumina in the first five months of 2020 totalled 27.14 million tonnes, down 8.19 per cent over the year. Capacity reduction in late-April,...
A00 aluminium ingot price grows further by RMB150/t leading to lower spot contract; Aluminium fluoride price declines
The incessant downfall in Chinese primary aluminium stocks has resulted in further significant growth in A00 aluminium ingot price by RMB 150 per tonne to stand at RMB 13,850 per tonne, as of Tuesday, June 9, found Shanghai Metals Market. The average prices are expected to range between RMB 13,830 per tonne and RMB 13,870 per tonne, with spot contract to be traded at a discount price of RMB 60 per tonne to RMB 20 per tonne. The dip in spot contract could be attributed to the two consecutive significant rises in A00 aluminium ingot spot price resulting in slower purchasing sentiment and stock the metal for the future. Today, the aluminium ingot price in Shenyang has seen the highest growth of RMB 180 per tonne to come in at RMB 13,805 per tonne, followed by an increase of RMB 155 per tonne...
MG Motors eyeing electric vehicles market in India; Plans to increase investment from 2022
MG Motors India Pvt Ltd is reportedly eyeing the electric vehicles market in India. From 2022, the company plans to increase its investment in the EV space expecting the economy to return to normal in a couple of years and electric vehicles to be an attention puller in the domestic automobile market in the medium to long term, said a senior executive of MG Motors. According to the report, MG Motors will launch an affordable electric vehicle in the range of INR 12-15 lakh, which will qualify for the subsidy under the Indian government's FAME or Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme. The company will also introduce the Indian automobile market to a new variant of ZS electric vehicles that will come with a 500-kilometre range. MG Motors, one of the new...
COVID-19 Hit: Japan’s primary aluminium demand looks bearish till September due to slow production recovery
Japan is likely to continue to see a sluggish primary aluminium demand between July and September, owing to slow aluminium products manufacturing recovery from the COVID-19 pandemic and increased imports from overseas. Discussions over the Japan aluminium premium for the September quarter started recently, with an offer made by a global producer of $85 per tonne over the LME cash price. For the current quarter, the premium is $82 per tonne, settled after extended talks over the anticipation of Japanese weak aluminium demand for the slowdown in the global and indigenous manufacturing sectors. The initial offers for the June quarter were around $100 per tonne. Major Japanese aluminium users had to lower their product output since April, attributing to the production cut at many domestic...
Primary aluminium inventories in China continue to decline by 46,000 tonnes over the weekend
Echoing the lowering trend as of Thursday, June 4, the social inventories of primary aluminium again declined by 46,000 tonnes over the weekend ending Monday, June 8, across eight major Chinese consumption areas, including SHFE warrants, to stand at 801,000 tonnes, found Shanghai Metals Market. But compared to the last Monday, June 1, when the primary aluminium inventories dropped by 15,000 tonnes, the inventories over this weekend recorded a higher plunge. The chart below indicates the current status of primary aluminium inventories across China in more details: Over the weekend, the primary aluminium inventories in Wuxi and Nanhai declined by 30,000 tonnes and 17,000 tonnes to stand at 296,000 tonnes and 119,000 tonnes, found SMM. In Chongqing, the stocks dropped 2,000 tonnes to come in...
LME aluminium price increased to US$1553.50/t as opening stock stood down; SHFE price edged higher at US$1919/t
The US dollar rose slightly last Friday after data showed the US labour market unexpectedly improved in May, but the currency ended the week lower, for a third consecutive week. Uncertainties about the economic outlook and the possibilities of a second wave of the coronavirus infections capped the greenback’s gains. Three-month LME aluminium traded robustly with the support from longs, rising with the five- and 10- day moving averages during the Asian trading hours and ending at US$ 1592 per tonne on Friday, up 1.76 per cent on the day. On Friday, June 5, both LME aluminium cash (bid) price and LME official settlement price increased from US$ 1535 per tonne on June 4 to US$ 1553.50 per tonne. 3-months bid price and 3-months offer price, however, declined from US$ 1560.5 per tonne to US$...
Ball Corporation awards its Yangon plant for sustainability awareness of aluminium cans
Ball Corporation has reportedly announced that it has acknowledged its plant in Yangon with the 2019 R. David Hoover Sustainability Award for significant operation and social improvements. Ball claimed that its Yangon plant consistently improved its electricity efficiency by nearly 23 per cent and enhanced the overall safety culture by introducing better methods of reporting and focusing on more corrective actions. Besides, the plant successfully raised awareness of the sustainability of aluminum cans, according to Ball's statement. Some of the key considerable factors for the award were the achievement of zero accidents, minimise environmental impact, support local communities, and educate consumers about the importance of aluminium can recycling. Applauding the Yangon plant team, the...
LME aluminium price edged higher at US$1553.5/t during June 1-5; SHFE price slightly up at US$1880/t
The US dollar on Monday, June 1, fell against a basket of rivals for a fifth straight trading day as risk sentiment improved on optimism that the worst of the economic downturn caused by the global spread of the coronavirus may be in the past. On June 2, easing further, the dollar index, which gauges the greenback against a basket of major currencies, fell for the sixth straight day and tumbled the lowest since March 13 at 97.4335. On June 3, the dollar index decreased further for the seventh straight day at 97.1882. On June 4, it came in at 96.5774, the lowest since March 12. Three-month LME aluminium pulled back from two-month highs on Monday, easing 0.58 per cent to US$ 1,538 per tonne, while on Tuesday, June 2, it ended at a 10-week peak of US$1,559 per tonne, up 1.37% on the day. On...
Canada’s monthly aluminium scrap imports from US extend growth in February by 4%: USGS
As the United States Geological Survey found, Canada’s aluminium scrap imports from the US extended growth in February by 4.03 per cent month-on-month. In January 2020, Canada imported 6,950 tonnes of aluminium scrap from the US, which in February increased to 7,230 tonnes, according to the data released by the USGS. The imports in January had grown by 9.11 per cent from 6,370 tonnes in December 2019. In November, Canada’s aluminium scrap imports from the US were 7,550 tonnes, meaning the imports in December were down by 15.63 per cent. Year-on-year, Canada’s aluminium scrap imports from the US in February 2020 were almost flat compared to 7,270 tonnes of imports during the same period last year. Canada’s total aluminium scrap imports from the US during January-February 2020 were 14,200...
Rusal to invest approx. $190 million in electrodes production modernization at Sayanogorsk Aluminium Smelter
According to a recent report, Rusal, a leading global aluminium producer, will invest approximately $190 million in modernising the production of electrodes at its Sayanogorsk Aluminium Smelter (SAZ) between 2020 and 2023. This modernization programme is expected to help Rusal reduce the smelter’s environmental impact, besides bringing in a positive economic effect. Three anode-baking furnaces at SAZ will be reconstructed in line with the best eco-friendly technologies using equipment supplied by a German company Riedhammer GmbH. On the completion of this project, the quality of the anodes is expected to be significantly improved. The anode baking area will be equipped with new digital systems that will enable the transmission of the information on operations of three furnaces to a...
St Andrews Beach Brewery to launch new alcoholic seltzer range in recyclable aluminium cans
St Andrews Beach Brewery is reportedly launching a new alcoholic seltzer range – Tidal Artesian Seltzer in aluminium cans with coastal-inspired design. According to the report, the brewery has teamed up with The Edison Agency for creating a brand story and packaging design to lend the Tidal range an independent identity in St Andrews Beach Brewery’s established beer portfolio. Orora Beverage has supplied recyclable aluminium cans, which feature a crisp white finish and an all-over matt varnish on pack. The Edison Agency design director Brian Rodrigo Llagas said the colour palette of the design for Andrews’ new cans represents the signature coastal narrative of the brand while creating a distinct identity. “Inspired by the beautiful coastal environment of St Andrews Beach and endless sunny...
Garner Aluminium Extrusions gives acceptance certificate to SMS group for new HybrEx 35 extrusion line
Garner Aluminium Extrusions, also known as Garnalex, has reportedly acknowledged the supply of extrusion line by SMS group by giving them the final acceptance certificate. Together with OMAV SpA, SMS group had installed an integrated extrusion line with HybrEx 35 as the core machine at Garnalex. OMAV Spa had supplied a billet heating system with billet furnace and billet saw, a run out system including an intensive profile cooling station, a profile stretcher, and a finishing saw. The new HybrEx 35 will help Garner Aluminium Extrusions boost its productivity by up to 20 per cent. It will also enable the company to continue manufacturing higher-quality products for its customers in an environmentally-friendly and resource-efficient way. Thanks to the new technology’s significantly lower...
A00 aluminium ingot price drops by RMB20/t on slower consumption; Australian alumina FOB price grows by US$2/t
On the weak consumption of domestic primary aluminium in China that led to a slower decline in inventories on June 4, the A00 aluminium ingot price has recorded a drop of RMB 20 per tonne to stand at RMB 13,480 per tonne on Friday, June 5, found Shanghai Metals Market. The average prices are expected to range between RMB 13,460 per tonne and RMB 13,500 per tonne, with spot contract to be traded at a premium price of RMB 90-130 per tonne. Among all the major Chinese markets, Wuxi has seen the highest decline in A00 aluminium ingot price of RMB 40 per tonne to stand at 13,460 per tonne on Friday, June 5. In Foshan, Chongqing, and Linyi, the A00 aluminium ingot price has plunged by RMB 30 per tonne to RMB 13,470 per tonne and RMB 13,510 per tonne, respectively. In Gongyi, the price has...
Hindalco increases its aluminium prices by over 1% with effect from June 4
After two consecutive cuts this month, Hindalco has increased the prices of its aluminium ingots, billets, and wire rods by over 1 per cent, with effect from June 4, 2020. With the latest price hike, Hindalco’s aluminium ingot price has jumped to INR 133,250 per tonne, 1.33 per cent higher from INR 131,500 per tonne on June 3. The prices of Hindalco’s aluminium wire rods and billets are now at INR 144,350 per tonne and INR 140,350, respectively, after rising by 1.23 per cent and 1.26 per cent from the previous day. On June 3, Hindalco’s aluminium wire rods and billets prices were INR 142,500 per tonne and INR 138,600 per tonne, respectively. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The...
Aluminium billet inventories decline slows down this week on higher stock arrivals and lower shipments
According to Shanghai Metals Market, the inventories of aluminium billets have slowed their decline this week ending Thursday, June 4, as arrivals increased versus lower shipments from warehouses. SMM data shows the 6063 aluminium billet stocks have declined by 4,000 tonnes across five major consumption areas to stand at 73,100 tonnes, as of June 4, following the decline of 15,600 tonnes to 77,100 tonnes last week dated May 28. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, the inventories have recorded a decline of 2,900 tonnes to hover at 40,300 tonnes. In Nanchang, the billet stocks have plunged by 1,200 tonnes to 4,100 tonnes, while that in Huzhou and Changzhou have dropped by 1,000 tonnes and 330 tonnes to come in...
Taiwanese design studio creates prototype modular ward for hospitals using recycled aluminium
Design studio Miniwiz, together with Taiwan's Ministry of Economic Affairs, Taiwan Design Research Institute (TDRI), and Fu Jen Catholic University Hospital, has built a prototype modular ward for hospitals using recycled aluminium panels, in response to the COVID-19 pandemic. Named Modular Adaptable Convertible (MAC), the prototype has been built to adapt to the high market demand, which can quickly transform buildings or under-utilised space into various types of wards. The modular units can be assembled either inside existing buildings or on land adjacent to hospitals. They are designed to be an alternative temporary ward where COVID-19 patients can be treated. "As the Covid-19 pandemic spreads globally, the demand for medical and hospital wards have also skyrocketed," said Miniwiz....
LME aluminium price rebounded to US$1526/t after two consecutive declines; SHE climbed to US$1878/t
The US dollar eased further on Wednesday, June 3, while stocks on Wall Street posted yet another robust day, as better-than-expected economic data bolstered optimism over the recovery from coronavirus-led shutdowns, which outweighed brewing US-China tensions and widespread protests in the US. The dollar index, which gauges the greenback against a basket of major currencies, fell for the seventh straight day and plumbed the lowest since March 12 at 97.1882. Three-month LME aluminium notched a new 10-week peak of US$ 1,570 per tonne in Northern American trading hours on Wednesday, before closing up 0.42 per cent at US$ 1,565.5 per tonne. Doubts over whether demand recovery overseas could justify the recent rally in aluminium prices will keep market sentiment in check, and the contract is...
Tesla submits for a new, efficient aluminium alloy quenching process patent
Tesla has reportedly submitted for a patent for a new, more effective cooling process aimed at increasing the strength, rigidity, and energy absorption of aluminium alloy components. The patent entitled “System and Method for Facilitating Pulsed Spray Quench of Extruded Objects” describes a new quenching process that would involve a multi-way spray nozzle system to cool extruded aluminium with an atomised spray of liquid. “A system includes a billet die at a proximal end configured to accept a billet and form an extrudate, a quench chamber located adjacent to the billet die for receiving the extrudate and comprising at least one pulsed width modulation (PWM) atomizing spray nozzle and a control module in communication with the at least one PWM atomizing spray nozzle and configured to...
