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 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...
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...
