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.
Spectra Aluminium to install new extrusion press and gas billet oven in Bradford, Ontario
Extrusion manufacturing facility based outside Toronto, Spectra Aluminium, has reportedly ordered a 28-MN front-loading direct extrusion press and 5,000 kg/h, high-efficiency gas billet oven from Danieli Brada for producing industrial profiles starting from 8” to 9” aluminium billets. The new extrusion press and the gas billet oven will be installed in Bradford, Ontario, Canada. The press will be equipped with the Danieli-patented Energy Saving solution ESED 4.0 that allows average energy savings of 25-30 per cent compared to traditional systems available in the market. The press will also feature fully electric billet loading right from the oven to the press, which will significantly reduce the billet heat/energy loss and improve billet temperature accuracy. The automation system, also...
China’s new energy passenger vehicle sales in March quadrupled from last month: CPCA
According to the latest data from the China Passenger Car Association (CPCA) on Thursday, April 9, China’s wholesale deliveries of new energy passenger vehicles totalled at 56,000 units in March, down 49.2 per cent from the same period last year but grew by about three times from the last month. Wholesale volumes of plug-in hybrid vehicles accounted for 9,200 units of the total volume of new energy passenger vehicle sales. As per CPCA data, this figure is down by about 59 per cent from the corresponding period last year. Wholesale volumes of pure electric cars fell 48 per cent over the year and totalled at 47,000 units in March 2020. The robust performance of sole-proprietorship and joint-venture automakers in China primarily drove the country’s new energy vehicles market last month,...
Alumina spot price in China declines further by RMB25/t; A00 aluminium ingot price grows on first inventory decline this year
According to Shanghai Metals Market, the average alumina spot price has seen to close the week ending Friday, April 10, at RMB 2121 per tonne, down RMB 25 per tonne from RMB 2,146 per tonne on Thursday, April 9. In the central, the average alumina spot price has decreased by RMB 30 per tonne to RMB 2,130 per tonne. In the east as well, the average alumina price has come in at RMB 2,130 per tonne, as of April 10, but by declining RMB 20 per tonne. The north has also witnessed a plunge of RMB 20 per tonne in the alumina price to RMB 2,110 per tonne, while that in the south has remained restrained at RMB 2,520 per tonne. The imported alumina price has dipped today by RMB 35 per tonne to RMB 2,140 per tonne, while the Australian Alumina FOB price has continued to hover at US$225 per tonne....
Primary aluminium inventories mark first decline in China since the Lunar New Year Holiday this year
Social inventories of primary aluminium ingots have fallen this week, as demand improved and aluminium smelters held back on sales and reduced deliveries to social warehouses owing to weaker aluminium prices, learned Shanghai Metals Market. The SMM data shows the primary aluminium inventories decreased 69,000 tonnes over the week ended Thursday, April 9, across eight major consumption areas in China, including SHFE warrants. This marks the first week-on-week decline since the Lunar New Year Holiday, bringing the inventories at 1.607 million tonnes. On last Thursday, April 2, the primary aluminium inventories were at 1.676 million tonnes, up 9,000 tonnes compared to a build of 20,000 tonnes in the previous week. The chart below indicates the current status of primary aluminium inventories...
Aluminium billet inventories in China extend decline but slower than the previous week
According to Shanghai Metals Market, aluminium billet inventories in China have declined today, on April 9, for the fifth consecutive week, as stocks in east China have begun to shrink. The data shows the stocks of 6063 aluminium billets across five major consumption areas in China have totalled at 170,100 tonnes after declining by 4,100 tonnes over the week. Last week, on April 2, the inventories had plunged by 18,500 tonnes week-on-week to 174,200 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi, Changzhou, and Nanchang, the aluminium billet inventories have dropped by 4,520 tonnes, 4,230 tonnes, and 1,530 tonnes to come in at 47,100 tonnes, 21,100 tonnes, and 7,400 tonnes, respectively. Foshan and Huzhou, on the...
COVID19 Crisis: Weak aluminium prices force Press Metal Aluminium to revise financial forecasts
Owing to weaker aluminium prices due to the COVID19 pandemic, Press Metal Aluminium Holdings Bhd has reportedly revised its forecasts for financial years 2020-22. For FY20, the company has cut its net profit forecasts by 29 per cent to RM 415.5, and for FY21 and FY22, 12 per cent and 13 per cent to RM 816.3 and RM 948.9, respectively. According to the report, the company has also reduced its revenue outlook to RM 7,370.2 for FY20, RM 10,866.2 for FY21, and RM 11,137.1 for FY22. FV has also been reduced by 29 per cent to RM3.03 (from RM4.24 previously) based on 15 times revised FY21F earnings per share (EPS) (from RM4.24 based on 18 times FY21F EPS previously). <iframe width="500" height="300" src="https://www.youtube.com/embed/AwGLceThp5w" frameborder="0" allow="accelerometer; autoplay;...
Average alumina spot price continues to decline while A00 aluminium ingot price records a growth today
The average alumina spot price has extended its decline further by RMB 26 per tonne to stand at RMB 2,146 per tonne, as of Thursday, April 9, found Shanghai Metals Market. This marks the sixth consecutive fall this month, bringing the average alumina spot price down by RMB 429 per tonne over the past one month. In the north, the average alumina price has declined by RMB 35 per tonne to RMB 2,130 per tonne, followed by the central and east by RMB 20 per tonne and RMB 15 per tonne to RMB 2,160 per tonne and RMB 2,150 per tonne, respectively. In the south, however, the price has continued to remain restrained at RMB 2,520 per tonne. The imported alumina price has recorded a fall as well by RMB 25 per tonne to RMB 2,175 per tonne. The Australian Alumina FOB price has slipped by US$ 6 per...
LME aluminium price plunged to $1421.5/t as US dollar edged higher; SHFE increased to $1643/t
The US dollar index edged higher on Wednesday in choppy trading, attracting safe-haven bids, as investor concerns remained over the economic fallout of the pandemic. Three-month LME aluminium fell to a new more than four-year trough of US$ 1,455 per tonne in the North American trading session, before it recouped some losses to close the day 0.61 per cent weaker at US$ 1,469 per tonne. As of Wednesday, April 8, both LME aluminium cash (bid) price and LME official settlement price fell sharply from US$ 1455.50 per tonne to US$ 1421.50 per tonne, followed by a significant increase on the previous day. 3-months bid price and 3-months offer price also recorded a sharp fall from US$ 1491.50 per tonne to US$ 1459.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1591.50 per...
Novelis receives final clearance from European Commission for Aleris acquisition
Atlanta-based world-leading aluminium rolling and recycling firm Novelis Inc. announced today, on April 8, about the receipt of the final clearance needed to complete the acquisition of Aleris Corporation, a global supplier of rolled aluminium products. Thus, it will now move expeditiously to close the buying deal. Earlier, the European Commission had governed a rule that Novelis could acquire Aleris if the former divested Aleris’ plant in Duffel, Belgium, to a third party approved by the Commission. Novelis met the condition, and therefore, the European Commission determined Liberty House Group a suitable buyer of the Duffel facility. The purchase price of the Duffel facility is €310 million. The facility will be acquired by Liberty House Group under its newly formed aluminium vertical...
US aluminium plates, sheets and bars exports rise 22% in January’20; Canada, Mexico the highest importers
The latest data from the US Geological Survey shows the United States’ exports of aluminium plates, sheets and bars increased in January 2020 after two consecutive months of decline. From 56,100 tonnes in December 2019, the export amount increased by about 22 per cent to 68,200 tonnes in January 2020. In November, the US’ aluminium semi-finished products exports were 63,800 tonnes, meaning the export amount in December was lower by 12 per cent month-on-month. Also in November, the US’ exports of semi-finished products stood down by 11 per cent from 71,400 tonnes in the previous month. Year-on-year, however, the US’ exports of aluminium plates, sheets and bars in January 2020 decreased 12 per cent from 77,400 tonnes in January 2019. The total aluminium plates, sheets and bars exports by...
COVID19 outbreak fuelling the worldwide aluminium slow demand: Bloomberg Intelligence suggests
The downfall in the aluminium industry could be traced back to the global financial crisis last year that forced many automobile companies and the construction projects to reduce or shut operations, resulting in demand crunch for the lightweight metal, according to Bloomberg observation. The outbreak of COVID19 has just further triggered the ailing of aluminium demand, leading to production curtails at many downstream and end-use aluminium plants. Bloomberg Intelligence suggests that since the demand was slowing down, a surplus in stocks was well expected this year, even before the current pandemic. The price has been declining as well, which is now below $1500 per tonne, making most of the world’s production unprofitable. According to Bloomberg, the industry is currently working through...
Queensland Government approves NAIF’s $4.75 million loan facility for Metro Bauxite Stage 2 Expansion
The Queensland Treasury has reportedly informed Metro Mining Limited that the State Government has decided to not exercise veto right regarding the Metro's Bauxite Hills Mine Expansion proposal. In late 2019, the Northern Australia Infrastructure Facility (NAIF) had announced to offer a Loan Facility of up to $47.5 million to Metro Mining for its Bauxite Hills Mine stage 2 expansion to 6 million wet metric tonnes per annum. But the key condition was the Queensland Government’s consideration of the project and its agreement for the approved funds to be advanced. The $4.75 million loan facility is supposed to fund the construction and mobilisation of a floating terminal as part of the stage 2 expansion, which is a critical part of Metro’s medium to long term growth. Metro Mining's Managing...
LME aluminium price climbed to US$1455.5/t as US dollar dropped below 100 level mark; SHFE price declined
The US dollar index dropped below the 100 level mark on Tuesday as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries and as action by central banks eased dollar strain. Three-month LME aluminium climbed to an intraday high of US$ 1,500 per tonne in late European trading hours, before it pared most of the gains to end the day 0.2 per cent higher at US$ 1,478 per tonne. As of Tuesday, April 7, both LME aluminium cash (bid) price and LME official settlement price increased sharply from US$ 1424.50 per tonne to US$ 1455.50 per tonne. 3-months bid price and 3-months offer price also recorded a significant rise from US$ 1460.50 per tonne to US$ 1491.50 per tonne, while Dec 21 bid price and Dec 21 offer price came in at US$ 1623.50 per...
US aluminium exports in January 2020 rebounds by 8.45%; Mexico imports the highest
The latesty data from the US Geological Surve showed the United States started the year 2020 with month-on-month growth in aluminium (including FRPs and scrap) exports. From 213,000 tonnes in December last year, the United States’ aluminium exports grew 8.45 per cent in January 2020 and came in at 231,000 tonnes, according to the data. In November 2019, the export amount by the US was 233,000 tonnes, which represents a downfall in December of about 8.6 per cent. In November as well, the United States' aluminium exports had declined over the month by 5.7 per cent and totalled at 233,000 tonnes. In October, however, the export amount had increased, although marginally by 1.22 per cent, from 244,000 tonnes in September to 247,000 tonnes. Compared to January 2019, the United States' aluminium...
Achinsk Alumina Refinery starts using BelAZ-7555V haulers for raw material extraction
According to a recent report, Achinsk Alumina Refinery in Krasnoyarsk Krai, Russia, is currently using a batch of BelAZ-7555V haulers. The batch, consists of six 55-tonne haulers, was delivered to Achinsk Alumina Refinery, part of Rusal Achinsk, by Krasnoyarsk-BelAZService in March. As per the report, the Belarusian vehicles have been purchased to upgrade the fleet of mining transport and will be used at the mazoul mine in Krasnoyarsk Krai. Rusal Achinsk commented: “New haulers will help increase labour productivity and reduce costs for the technological process of raw material extraction. This equipment has high performance characteristics. It is more economical in terms of fuel and lubricants consumption. The driver's cabs have an improved view and control system, and are equipped with...
Primary aluminium inventories in China record a decline of 41,000 tonnes over the extended weekend
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have declined over the holiday-extended weekend, as demand has displayed a slight improvement. The data shows the stocks across eight major consumption areas in China, including SHFE warrants, have decreased by 41,000 tonnes from 1.676 million tonnes on Thursday, April 2, to stand at 1.635 million tonnes, as of Tuesday, April 7. Compared to a week earlier when the inventories were at 1.664 million tonnes, the stocks today have plunged by 29,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: From Thursday, April 2, the inventories in Nanhai and Gongyi have plunged by 28,000 tonnes and 17,000 tonnes, respectively, to stand at 403,000...
Alumina price in China declines by RMB41/t; A00 aluminium ingot price grows on increased demand
The average alumina spot price since the middle of March is recording relentless declines, and today, April 7, is of no exception, found Shanghai Metals Market. The aluminium raw material price in the spot market has registered a decline of RMB 41 per tonne to stand at RMB 2,205 per tonne. In the east, it is standing at RMB 2,220 per tonne after decreasing by RMB 60 per tonne, while that in the central and north is hovering at RMB 2,220 per tonne and RMB 2,195 per tonne after plunging by RMB 40 per tonne and RMB 35 per tonne, respectively. In the south, however, the price has remained restrained at RMB 2,520 per tonne. The Australian alumina FOB price has dropped by US$ 6 per tonne to US$ 231 per tonne. The imported alumina price has registered no change from its previous price RMB 2,315...
New Zealand Aluminium Smelter making its own hand sanitiser to combat COVID19 pandemic
Following World Health Organisation guidelines, New Zealand Aluminium Smelter Limited is making 103 litres of own hand sanitiser from its onsite laboratory. Smelter asset optimisation superintendent Roget Hackett said they collected the ingredients like ethanol, hydrogen peroxide, and glycerol under WHO guidelines and mixed in their lab. Although the smelter is not considered an essential service, yet it is exempted from the four-week lockdown, considering the extensive costs involved in shutting down and restarting all the pots. However, the smelter has adopted several precautions for continuing operations during the pandemic, such as dividing workers into two teams – blue and red and letting them work separately as much as possible with separate entry and exit points into the factory....
