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.
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,...
US aluminium plates, sheets and bars imports in September slipped by 8.69% M-o-M
According to the United States Aluminium Survey, the country in September imported 105,000 tonnes of aluminium plates, sheets and bars, down by 8.69 per cent from 115,000 tonnes in August. In June and July, US imports came in at 131,000 tonnes and 117,000 tonnes, representing the fact that its import volume had been incessantly declining month-on-month. In July, the US aluminium plates, sheets and bars imports dropped by 10.68 per cent M-o-M, while that in August inched down by 1.70 per cent. The United States total aluminium plates, sheets and bars imports in the first nine months of the year totalled at 1.15 million tonnes, compared with 1.05 million tonnes during the same period last year. This represents the total import amount from January to September this year stood down by 9.52...
US aluminium scrap import in September rose by 5% M-o-M, but declined by 12.49% Y-o-Y
The United States Geological Survey revealed the US aluminium scrap imports in September came in at 47,600 tonnes, up 5.07 per cent from August August. However, in July and August, the country’s aluminium scrap imports declined month-on-month. The United States scrap import volume in June was 54,200 tonnes, which in July inched down by 4.24 per cent to 51,900 tonnes. The amount of import further dropped to 45,300 tonnes in August, recording a decline of 13 per cent. Until September, the United States aluminium scrap imports totalled at 458,000 tonnes, compared with 532,000 tonnes during January-September 2018. This marks a year-on-year decrease of 14 per cent in the United States total aluminium scrap imports from January to September 2019. In September 2018, the United States had...
US withdraws the decision of applying import tariffs on Brazil’s aluminium and steel: President says
Brazilian President Jair Bolsonaro said on Friday, December 20, that the United States would not levy tariffs on aluminium and steel imports from Brazil. Bolsonaro said, "A little while ago, I had the great satisfaction of receiving a phone call from Trump. (Trump) was convinced by my arguments, and he decided to tell all Brazilians that our steel and our aluminium will not have tariffs placed on them. I repeat there will be no tariffs." After the US President had threatened to apply aluminium and steel import tariffs on Brazil and Argentina, claiming that those countries weak currencies made it harder for the US food exports to compete, Brazil's President Jair Bolsonaro and Argentine production minister Dante Sica had said that they would seek talks with Mr Trump. Mr Bolsonaro had said...
Chinese regulators approve Novelis for the purchase of Aleris Corporation
On Friday, December 20, Atlanta-based rolled and recycled aluminium firm Novelis Incorporation confirmed the receipt of approval from China’s State Administration for Market Regulation (SAMR) for its acquisition of Aleris Corporation for US$2.6 billion. As per the firm, this was the final approval required for the purchase, as Novelis already received a sign-off on the transaction from the appropriate United States and European Union regulatory agencies. Earlier this month, the firm announced that Sanjeev Gupta’s GFG Alliance already reached an agreement with Novelis to buy Aleris’s Duffel aluminium rolling mill in Belgium, allaying the Commission’s fears of an anti-competitive scenario had Novelis retained the plant. Novelis’ President and CEO Steve Fisher noted, “This is a significant...
Dixon designs a 70-metre yacht concept featuring an aluminium alloy superstructure
Dixon Yacht Design has reportedly designed the concept of a 70-metre yacht - Project NewDawn, in a way that it offers effortless sailing performance with the interior comfort conventionally found on motor yachts. To offer maximum sailing potential with minimal sailing effort, the yacht has easy to operate Falcon Rigs, along with the twin rigs offering a suitable sail area to displacement ratio. The vessel built with an aluminium alloy superstructure, a high tensile steel hull, and a fixed keel with a partially ballasted centreboard would be boasting of a maximum speed of 19 knots. The interior features many design traits, including a large, glazed sun deck saloon on the main deck that faces aft to the swimming pool, to ensure a luxurious on-board experience. For accommodating guests, it...
Liaocheng begins implementing level I anti-smog response; Primary aluminium producers to remain unaffected
Liaocheng in the west of Shandong province, China, has reportedly begun to implement level I response to heavy smog from today onwards, December 20, except for those graded as A-level on environmental status, to strengthen production cuts. This was implemented after the city issued a red alert, the highest in Beijing’s three tier warning system, on late Thursday. Weather forecasts showed heavy smog could strike the city in the week ahead. However, the implementation of level I response to heavy smog is unlikely to affect primary aluminium producers in the city, such as Xinfa Group’s plants and Liaocheng Xinyuan Group’s facilities. They meet A-level grade given their standards on techniques, pollution treatment and emissions. Xinfa’s alumina refinery, with the capacity of 3 million tonnes...
A00 aluminium ingot price grows marginally by RMB10/t amidst muted input costs
According to Shanghai Metals Market, the A00 aluminium ingot price has decided to end the week with another rise, though marginal, while all the input costs have remained restrained. Marking the fourth straight day of growth, the ingot price today has increased by RMB 10 per tonne to RMB 14,450 per tonne, on Friday, December 20. The average prices are expected to range between RMB 14,430 per tonne and RMB 14,470 per tonne, with spot contract to be traded at a premium price of RMB 140-180 per tonne. The continued rise in the A00 aluminium ingot price could be attributed to the tight supply of primary aluminium in the market amidst decent consumption of the metal. Also, the production is on a lower trend because of the output cut at many smelters during the ongoing Winter Heating Season....
Primary aluminium inventories continue to trend lower; Decline by 44,000 tonnes this week
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to drop this week, with Guangdong contributing to more than half to the trend. Stocks across eight major consumption areas, including SHFE warrants, came in at 604,000 tonnes, as on Thursday, December 19, after declining by 44,000 tonnes. On the last Thursday, December 12, the inventories had amounted to 648,000 tonnes after decreasing by 57,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, the inventories have declined by 14,000 tonnes over the week to come in at 193,000 tonnes, while that in Shanghai and Nanhai by 2,000 tonnes and 24,000 tonnes to stand at 119,000 tonnes and 131,000 tonnes. In many...
Aluminium scrap exports from US to China extend decline in September by 26% MoM
The United States Geological Survey found incessant drops in America’s aluminium scrap exports to China over the months. As September was not an exception, it saw a decline of 26 per cent month-on-month amounting to 19,600 tonnes. In August 2019, the United States’ aluminium scrap exports to China were 26,500 tonnes after declining by 15.33 per cent from 31,300 tonnes in July. In June, the export volume was 31,800 tonnes, which represents the fact that July saw a drop of 1.57 per cent. This shows the United States aluminium scrap export drop has been growing month on month since July. Year-on-year, the US aluminium scrap exports to China stood lower by 23.73 per cent in September 2019 from 25,700 tonnes, according to the USGS data. In the total nine months of the year, China secured...
Bradford Metropolitan District Council launches marketing campaign for aluminium foil recycling
City of Bradford Metropolitan District Council has reportedly launched a marketing campaign to encourage residents to recycle aluminium foil trays and family wrapping foil of their gray recycling bin. Besides, different metallic packaging resembling meals/drink cans and empty aerosols are also being encouraged to recycle through this camp. It’s stunning how a lot of foil is utilized in our properties, from preparing meal and takeaway trays to chocolate wrapping and the lids on dairy merchandise, said the Council. The Council urged to empty foils from any meals residue before disposing of in the gray recycling bin. Smaller items of foil usually used in dairy lids or chocolate foil are urged to be scrunched collectively to make a bigger ball of foil before being disposed of, in a bid to...
Metro refinancing current debt facilities, part of Bauxite Hills Mine Stage 2 expansion funding package
Metro Mining Limited is reportedly refinancing its current debt facilities to enable the $47.5 million loan from North Australian Infrastructure Facility (NAIF) to be senior secured first-ranking. This loan is part of the funding package for Metro Mining's Stage 2 expansion at Bauxite Hills Mine in Queensland. As per the report, Metro will make an early repayment of the existing Sprott Private Resource Lending loan totalling US$9.65 million along with its accrued interest and enter into new loan facilities of $15 million with the existing lender Ingatatus AG and the new lender Lambhill Pty Ltd. The new facilities will have to be repaid in three equal payments on July 1, 2021, September 30, 2021, and January 1, 2022. Metro Mining managing director Simon Finnis said, “We are delighted to...
