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’s Lanjigarh alumina refinery wins Gold at India Manufacturing Excellence Awards 2019
According to a recent report, Vedanta’s Lanjigarh alumina refinery has won a prestigious Gold award under the Metals Sector at Frost & Sullivan’s India Manufacturing Excellence Awards 2019. Mr. Rakesh Mohan, Chief Operating Officer (COO) of Vedanta’s Lanjigarh unit, received the award on behalf of the company, and while collecting the award remarked: “Vedanta’s relentless focus on operational excellence and sustainability sees us constantly reinvent our own best practices and then achieves them. This award is a great testimony to our high-performance culture and world-class operations excellence. I’m delighted that the award citation called out our focus on customers, innovation, adaptation and operational flexibility as our key strengths.” India Manufacturing Excellence awards...
Metro meets 2019 Guidance with 274,000 WMT bauxite production and 286,000 WMT shipment on Dec 23
Last week, on December 23, Metro Mining Limited reportedly achieved its 2019 upper-end guidance by completing the production of 274,000 wet metric tonnes (WMT) bauxite and shipments 286,000 wet metric tonnes (WMT), after loading the 56th and final vessel for the year. In October and November, the company produced 479,000 WMT and 452,000 WMT of bauxite and shipped 504,000 WMT and 463,000 WMT respectively, which brought the total production and shipments to 1.20 million wet metric tonnes and 1.25 million wet metric tonnes for Q4 2019. Up until December 23, Metro Mining’s total bauxite production and shipments amounted to 3.505 million WMT and 3.504 million WMT, which enabled the Australia-based exploration and mining company to achieve its 2019 production and shipment guidance of 3.3...
Etihad Credit Insurance to back Dubai’s Cable Company’s expansion plan
Etihad Credit Insurance (ECI) has reportedly announced to sponsor the expansion plans of Dubai Cable Company, which is a leading name in the copper and aluminium wire and product development, design, manufacture, marketing and distribution. The news came after ECI, the UAE federal export credit insurance company, welcomed Ducab to the trade insurance marketplace and said to offer the company international trade credit coverage. As Ducab works with customers from all around the globe, this international trade credit coverage is expected to better position the company in its continued expansion from home market in the UAE to the wider Middle East, Africa, Asia and Australasia, Europe, and America. Ducab said it recently signed up with ECI for a multi-buyer trade credit solution that would...
China's production of qualified passenger NEVs grew in November by 24% M-o-M, but dropped by 42% Y-o-Y
According to the data from the Ministry of Industry and Information Technology (MIIT), China in November produced about 89,000 units of qualified new energy passenger vehicles, up 23.96 per cent from October, backed by the outstanding performance of the pure electronic vehicles market. But yearly basis, the output recorded a decline for the fifth consecutive month by almost 42 per cent. The production of pure electronic vehicles that obtained qualification certificates increased by 29.3 per cent over the month in November, with the output of Bestune’s B30EV400 model soaring 235.44 per cent. Along with the production, sales of passenger NEVs also registered a year-on-year decline for the fifth straight month in November. According to Shanghai Metals Market survey, around 82,000 NEVs had...
A00 aluminium ingot price begins the week with a growth of RMB80/t and aluminium alloy (A356) of RMB100/t
After two consecutive downfalls on 26 th and 27 th of December from RMB 14,580 per tonne to RMB 14,430 per tonne, the A00 aluminium ingot price has recorded a growth today, on December 30, of RMB 80 per tonne to stand at RMB 14,510 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,490 per tonne and RMB 14,530 per tonne, with spot contract to be traded at a premium price of RMB 160-200 per tonne. Foshan has seen the highest growth in the price of RMB 90 per tonne to stand at RMB 14,810 per tonne, followed by Shenyang, where the price has increased by RMB 85 per tonne to RMB 14,500 per tonne. In Wuxi, Hangzhou, and Linyi, the A00 aluminium ingot price has climbed up by RMB 60 per tonne to RMB 14,480 per tonne, 14,490 per tonne, and RMB 14,510...
Bauxite Recap 2019: New mining projects and expansions boosted production and shipments, while prices remained sluggish
The year 2019 saw an increase in bauxite production all over the globe, bolstered by expansions in mining and also some of the new projects such as EGA’s first bauxite project in Guinea, Rio Tinto’s commissioning of Amrun bauxite mine, and the beginning of mining and screening operations at Australian Bauxite Limited’s Bald Hill mine. But due to the surplus production, the global price of the ore remained sluggish, which on the other hand, helped in boosting China’s bauxite imports. As a consequence to this, the demand and use of China’s domestic bauxite ore saw a slow down and the price followed a downward trend throughout the year. Let us recapitulate the bauxite market of 2019 in more details, starting with the price trend, followed by projects, production, and shipments. Price trend...
Premiums for aluminium shipments to Japan for Q1 2020 decline by 14%
According to a recent report, premiums for aluminium shipments to Japan for the first quarter of 2020 have been set at $83 per tonne, down 14 per cent from the fourth quarter of 2019 amid weaker aluminium demand from the electronics and auto sector. This marks the second consecutive quarterly drop. During October-December quarter, the premiums for aluminium shipments to Japan were $97 per tonne. The premiums for Q1 2020 are lower than the initial offers of $92 per tonne made by producers. The negotiations for the pricing began in November between Japanese buyers and global producers, including Rio Tinto and South32 Limited. Japan is Asia’s biggest importer of the light metal and the premiums PREM-ALUM-JP for primary metal shipments. The premiums it agrees to pay each quarter over the...
China’s Henan Shenhuo to start production at Yunnan aluminium on December 31
According to a report on Thursday, December25, China’s Henan Shenhuo Group will start the production at its aluminium smelting project in the Wenshan prefecture of Yunnan province, with initial capacity 150,000 tonnes per year. Wenshan, having abundant hydropower resources for the energy-intensive smelting process, is emerging as a major hub of China’s aluminium industry, with top producers China Hongqiao Group 1378.HK and state-owned Chinalco building projects there. A spokesman for Henan Shenhuo Coal and Power confirmed that the project would start on December 31 and it would take around one month for the first production to come out. By March, the plant is expected to reach the full 150,000 tonnes of annual production, added an official. Shenhuo has a plan to move 900,000 tonnes of...
China’s bauxite import in November grew 11.38% M-o-M and 21.9% over the year
China Customs data showed a rise in China’s bauxite imports during November, followed by three consecutive months of downfall. Recording a growth of 11.38 per cent from a month ago and 21.9 per cent from the same period last year, the amount of import rebounded to 7.21 million tonnes. In October, around 6.48 million tonnes of bauxite were imported by China, down 3.97 per cent from 6.75 million tonnes in September. The total amount of import in the eleven months of the year came to 91.83 million tonnes, down 8.34 per cent from the same period last year. Australia, the Republic of Guinea, and Indonesia remained the top three bauxite exporters to China in the month of November, with their combined volume accounting for 92.03 per cent of the total. While Australia exported 3.28 million...
Primary aluminium inventories continue to trend lower this week to 592,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to decline this week. The stocks across eight consumption areas, including SHFE warrants, came in at 592,000 tonnes after decreasing by 12,000 tonnes over the week, as of Thursday, December 26. Last Thursday, December 19, the inventories had declined by 44,000 tonnes to 604,000 tonnes. The chart below indicates the current status of primary aluminium inventories across Chinese major markets in more details: In Wuxi, Shanghai, Nanhai, Hangzhou, and Chongqing, the inventories have dropped by 2,000 tonnes, 7,000 tonnes, 5,000 tonnes, 2,000 tonnes, and 4,000 tonnes respectively. So, as of December 26, the inventories there have come in at 191,000 tonnes, 112,000 tonnes, 126,000 tonnes, 52,000...
Fresh aluminium scrap import quotas for 2020 expected to lower the metal scrap prices post CNY
Shanghai Metals Market predicts Chinese aluminium scrap prices to fall after resuming from the Chinese New Year Holiday in late January, as fresh import quotas are expected to ease supply shortages and ensure demand in the first quarter of 2020. On Monday, December 23, China’s environmental authorities issued the first batch of aluminium scrap quotas for 2020, permitting new buying and allowing some companies with cargoes left in limbo to claim shipments to domestic markets. The initial 2020 import quotas have been awarded to eight more companies who obtained such allowances in 2019. In total, more than 50 companies have received the new quotas. Under the new quota, the China Solid Waste and Chemicals Management Bureau allowed 275,465 tonnes of high-grade aluminium scrap imports,...
US aluminium scrap export to S. Korea remained flat in September as compared to the month earlier
According to the United States Geological Survey, the aluminium scrap exports from the United States to South Korea in September 2019 remained flat at 23,600 tonnes, as compared to 23,200 tonnes in August. In July, the United States had exported 19,600 tonnes of aluminium scrap to South Korea, which represents the fact that the export amount in August had increased month-on-month by about 18.36 per cent. However, July had seen a dip in the US scrap export to South Korea by 13 per cent, as the amount of export in June was 22,500 tonnes. In total, the United States in those four months exported 88,900 tonnes of aluminium scrap to South Korea, while in the nine months of the year the export amount came in at 203,000 tonnes. During the same period last year (January-September), the US export...
A00 aluminium ingot price records a growth of RMB100/t and Aluminium Alloys (ADC12) price of RMB50/t
On the day of Merry Christmas, the A00 aluminium ingot price in China has been found extending its growth by RMB 100 per tonne to stand at RMB 14,580 per tonne, found Shanghai Metals Market. This marks the second consecutive rise after a slight fall on December 23, from RMB 14,450 per tonne to RMB 14,440 per tonne. The average prices today are expected to range between RMB 14,560 per tonne and RMB 14,600 per tonne, with spot contract to be traded at a premium price of RMB 130-170 per tonne. Among the major cities, Foshan has seen a phenomenal growth of RMB 210 per tonne to RMB 14,700 per tonne, followed by Chongqing and Shenyang, where the price has increased by RMB 140 per tonne to RMB 14,620 per tonne and RMB 14,535 per tonne, respectively. While in Gongyi, Linyi, and Wuxi, the ingot...
Safety mock drill held at Utkal Alumina to train employees for industrial emergencies
According to a recent report, a full-scale safety mock drill was held at the alumina refinery of Utkal Alumina International Limited (UAIL) on Monday, December 23, complying with the decision of the District Crisis Group (DCG). Drill happens at a regular interval at UAIL for preparing employees for the emergency and various industrial crises and also for training them to avoid and escape from any hazardous industrial accidents. The drill on Monday was supervised by the members of DCG and Factory and Broiler Assistant Director Ranjit Naik, Rayagada District Fire Office K Somani, J.K Paper Mills MD Avesh, DK Samal, RR Biswal and Doraguda PS ASI AK Khillo. The unit head and president N Nagesh said drill any kind of feedback about the mock drill would be taken from the external team for...
Front-end engineering and design of a new bauxite terminal for Metro Mining is ready
Rocktree Consulting, a leading provider of marine dry-bulk cargo handling and delivery solutions, has reportedly finished the front-end engineering and design (FEED) of a new floating transhipment terminal for bauxite export from Australia’s Bauxite Hills Mine to China. The terminal is expected to boost Metro Mining’s bauxite export further to 6 million tonnes by 2021. On completion, the terminal will have a maximum loading capacity of 3,000 tonnes of bauxite per hour. It will be 100 metre long, 30 metre wide, and 5.5 metre in draught, and will be used to load vessels with the help of a telescopic ship loader and an array of transhipment systems to transport bauxite. Metro Mining managing director and CEO Simon Finnis said, “The completion of the feasibility study and selection of...
Aluminium rod plants stop production in Henan on smog alert escalation
According to Shanghai Metals Market, all aluminium rod plants in Jiaozuo of China’s top aluminium-producing province Henan are required to halt production, as the city has escalated smog alert to the highest level from 18: 00 CST December 23, 2019. Under the red alert for heavy air pollution, industrial enterprises are asked to cut pollution emission by no less than 30 per cent. When the anti-smog measures will be lifted is, however, still not known. As per another report from SMM yesterday, on December 23, Tangshan has begun to implement level II smog control measures. This comes after the city lifted its last round of anti-smog measures of the same scale last Tuesday, December 17, which lasted for four days. A production cut of at least 50 per cent is imposed on blast furnaces of steel...
Hindalco increases its aluminium prices by over 1 per cent after two consecutive cuts
After two consecutive cuts, Hindalco Industries Limited has reportedly increased the prices of aluminium ingots, billets and wire rods, with effect from Friday, December 20. From INR 141,500 per tonne, the company's aluminium ingots price has been increased by 1.23 per cent to INR 143,250 per tonne. The prices of aluminium billets and wire rods, on the other hand, have been grown by 1.18 per cent and 1.15 per cent to INR 149,850 per tonne and INR 153,850 per tonne, respectively. As of December 11, the company’s aluminium billets price was INR 148,100 per tonne, while that of wire rods INR 152,100 per tonne. So, the prices of each product have grown by over 1 per cent on December 20. Hindalco generally links the prices of its products with those in international markets. The three-month...
Alumina spot price records a marginal rise of RMB2/t and A00 aluminium ingot price grows by RMB40/t
After lowering for over two months ranging between RMB 2,624 per tonne and RMB 2,425 per tonne, the average spot price of alumina has recorded a slight rise of RMB 2 per tonne to come in at RMB 2,427 per tonne on December 24, according to Shanghai Metals Market. In the north China, the price has increased by RMB 5 per tonne to RMB 2,425 per tonne, while that in the east and central, and south, the price has remained restrained at RMB 2,420 per tonne and RMB 2,450 per tonne, and RMB 2,520 per tonne, respectively. The imported alumina price and the Australian alumina FOB price have also remained unchanged at RMB 2,500 per tonne and US$ 279 per tonne, respectively. The A00 aluminium ingot price has also registered a growth today, on December 24, of RMB 40 per tonne to RMB 14,480 per tonne,...
