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.
Llanllyr Source launches still and sparkling water in aluminium cans
According to a report, Llanllyr Source has recently released its still and sparkling water in aluminium cans, as part of the commitment to a plastic-free future. The cans, look like classic Source glass water bottles, have been released in a 330ml single-serve format, available in the UK and US with a suggested retail price of $1.29/£0.99. Also, to ensure no plastic used in the primary or secondary packaging, the cans have been distributed in recyclable cardboard boxes. At first, the Welsh water and mixer brand had launched water in aluminium cans in the 2009, but following a trial, they were pulled from distribution in part as consumers had shown unacceptance towards water products in cans. “Given that our water comes from a sustainable source, we pioneered water in cans to ensure we had...
Nalco reduces aluminium ingots prices by over 2% after three consecutive hikes
After increasing aluminium ingots prices for past three consecutive times, National Aluminium Company Limited (Nalco) reportedly cut the ingots prices by over 2 per cent, with effect from Wednesday, November 20, as trade sources told Cogencis. With this, the prices of the company ingots came down to the range of INR 147,950 per tonne to INR 151,450 per tonne. Most aluminium producers link prices of their products to the three-month futures of aluminium on the London Metal Exchange, which are up only 3 per cent on the net basis so far in the current quarter, compared with a 7 per cent gain registered earlier. Aluminium products and alumina account for nearly two-thirds of NALCO's gross topline. Sales of chemicals make up the rest of its revenue. Shares of NALCO on November 21 closed at INR...
Alba’s Sixth Potline to be inaugurated by Bahrain King on Sunday, November 24
Aluminium Bahrain (Alba) chairman Shaikh Daij bin Salman Al Khalifa announced during the opening of Arabal 2019 that its Line 6 Expansion Project would be inaugurated on Sunday, November 24, by His Majesty King Hamad bin Isa Al Khalifa. Chairman said Bahrain would become the home of the world’s largest aluminium smelter outside China with the inauguration of Alba’s Line 6 Expansion, which is one of the biggest brownfield developments in the Middle East region with a capex of approximately $3 billion. He also said the sixth pot line would boost Alba’s per-annum aluminium production by 540,000 tonnes, taking the total production capacity to 1.5 million tonnes in a year. The project was commissioned on December 13 last year, ahead of schedule. Progress has been fast-paced since then and all...
McKechnie invests in new $18 million machinery to produce larger and complex aluminium profiles
McKechnie Aluminium, a pioneer in manufacturing and delivering high-quality aluminium components in New Zealand, has reportedly invested in new machinery worth $18 million for better production in the future. Already known for having the lowest carbon footprint in Australia, McKechnie Aluminium now boasts for having the newest and most technologically advanced press in New Zealand. Managing director Pramod Khatri said the new machine increased the plant’s capacity by about 30 per cent to 40 per cent, helping produce larger-sized products and complex profiles. "We have leap-frogged into the future in terms of technology, we have got a press that will cater for the future, whatever is coming," said Khatri. He also added the only aluminium extruder in New Zealand had been manufacturing and...
Primary aluminium inventories in China declined by larger margin this week to 799,000 tonnes
Shanghai Metals Market, on Thursday, November 21, found the social inventories of primary aluminium continued to decline by a larger margin, as stocks in Nanhai and Gongyi fell sharply. Data showed the stocks across eight major consumption areas, including SHFE warrants, decreased by 35,000 tonnes week-on-week and 24,000 tonnes from Monday, November 18 to stand at 799,000 tonnes. On last Thursday, November 14, the primary aluminium inventories had come in at 834,000 tonnes after declining by 19,000 tonnes over the week, while that on November 18 were at 823,000 tonnes after decreasing by 11,000 tonnes from November 14. This indicates that the drop in inventories of primary aluminium expanded on November 21. The chart below shows the current status of the primary aluminium inventories...
Average spot price of alumina continues to drop for the fourth day in a row, leading to A00 aluminium ingot price fall
The average spot price of alumina in China has extended its decline again by RMB 14 per tonne, as on Friday, November 22, to stand at RMB 2,489 per tonne, marking the fourth consecutive fall throughout the week. With these declines, the alumina price today stands down by RMB 135 per tonne or 5.14 per cent month-on-month, found Shanghai Metals Market. In the east and central, the average spot price of alumina has dipped by RMB 20 per tonne to RMB 2,500 per tonne, while that in the north by RMB 10 per tonne to RMB 2,490 per tonne. In the south, however, the average alumina spot price has remained restrained at RMB 2,520 per tonne, as of November 22. The imported alumina price has also dwindled for the second day in a row by RMB 10 per tonne to stand at RMB 2,550 per tonne on November 22,...
Qatar’s aluminium crude, metals and alloys exports to the US recorded a drop of 30% in August
After a considerable rise of 29 per cent in July 2019, Qatar’s aluminium crude, metals and alloys exports to the United States recorded a drop in August by about 30 per cent to stand at 10,700 tonnes, found United States Geological Survey. In July, the export volume was amounted to 15,300 tonnes after increasing from 11,900 tonnes in June. In May, according to the USGS data, Qatar had exported 15,600 tonnes of crude, metals and alloys to the US, which indicates that the export volume in June had recorded a drop of 24 per cent. So, as can be seen in the above graph, Qatar’s exports to the US were the lowest in August in the said four months’ time. The total crude, metals and alloys exports from Qatar to the US during May-August were at 53,500 tonnes, while that during January-August were...
A three-day event ‘Capacity Building and Awareness Programme on Aluminium’ starting today
According to a recent report, The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) together with Aluminium Association of India (AAI), Material Recycling Association of India (MRAI) and Aluminium Secondary Manufacturers Association is organising a three-day event ‘Capacity Building and Awareness Programme on Aluminium’. Starting from today, November 21, the programme is reportedly on the recommendations of the Core Committee of Ministry of Mines for Resource Efficiency in Aluminium and in pursuance to the recommendations of the Strategy Paper on Resource Efficiency in Aluminium, jointly prepared by Ministry of Mines and NITI Aayog. Distinguished dignitaries from NITI Aayog, Ministry of Mines, aluminium industry and many more prominent personalities will...
China to exempt Pakistan from unwrought aluminium alloy tariffs from December 1
According to an update from China Nonferrous Metals Industry Association (CMRA) Recycling Metal Branch, China will remove import tariffs on unwrought aluminium alloy from Pakistan from December 1, once the second phase of the Free Trade Agreement (FTA) between the two countries comes into effect. Currently, China’s tariffs on unwrought aluminium imports from Pakistan is set at 5 per cent, compared to a zero rate for Association of Southeast Asian Nations (ASEAN) countries. Consumption of unwrought aluminium alloy has also swelled in the recent times in China, given to the raw material shortages caused by a sharp decline in imports of aluminium scrap. According to a recent data from Shanghai Metals Market, China imported 18,706 tonnes of unwrought aluminium alloy in September, the highest...
Hindalco eyes aluminium packaging and transport containers sector to increase the metal use
As the leading aluminium rolled products manufacturer, Hindalco Industries Limited is reportedly betting big on the packaging and transport containers sector, said a top company official on Tuesday, November 19. The move is to accelerate the per capita use of aluminium in India, which is at 2.6 kg at the present. The domestic packaging industry is at $5 billion and is growing at around 25 per cent annually. "Per capita intake of aluminium is just 2.6 kg now, while in China it is 30 kg. So we see a huge opportunity in both packaging, cans and transport industry and we are looking to expand in these areas going forward. We expect to hold 40-45 percent of the downstream market," managing director Satish Pai said. In the transportation business, the company plans to manufacture aluminium...
Uncertainty in global aluminium markets weigh down aluminium foil roll demand in Europe by 2.2% YTD
Ongoing uncertainty in global aluminium markets and the US-China trade dispute were found to take a toll on European aluminium foil rollers in the September quarter. The overall demand had gone down by 2.2 per cent to 228,685 tonnes with year to date figures, while the total production remained unchanged at 714,251 tonnes, according to the European Aluminium Foil Association (EAFA) data. The downturn could be attributed largely to the drop in demand in the market for thinner gauges by around 1.9 per cent YTD. Figures showed a decline of 4.4 per cent in deliveries as well in this category. However, the deliveries of thicker gauges had recorded a rise of 2 per cent in the quarter. The application of thinner gauges is in flexible packaging and household foils, while that of thicker gauges is...
Alumina spot price continues to fall by RMB20/t, but A00 aluminium ingot price extends growth
Shanghai Metals Market found the average spot price of aluminium has dropped further today, on November 20, by RMB 20 per tonne to stand at RMB 2,518 per tonne. This marks the second consecutive fall in the spot price of alumina after remaining restrained for a week at RMB 2,572 per tonne. Prior to that also, the price recorded incessant declines since the month began with intermittent restraints, ranging between RMB 2,596 per tonne and RMB 2,572 per tonne. The markets in south China have seen the highest fall in alumina price today by RMB 30 per tonne to RMB 2,510 per tonne, followed by the markets in the east and central where the price has dwindled by RMB 20 per tonne and RMB 10 per tonne respectively to come in at RMB 2,540 per tonne. But despite the back-to-back fall in the input...
Chinese secondary aluminium producers operating rates extended growth in October
Shanghai Metals Market found operations at Chinese secondary aluminium producers continued to increase in October, as overall demand in the second half of the year improved from the first half. An SMM data showed the Chinese secondary aluminium operating rates in October stood at 60.69 per cent after rising by 0.83 percentage points month-on-month, while over the year they climbed up by 4.71 percentage points. In July and August 2019, the operating rates were at 55.28 per cent after growing by 3.04 percentage points over the month and at 56.46 per cent after climbing up by 1.18 percentage points respectively, indicating that they had been growing incessantly over the months. However, the growth in operating rates in October stood the lowest in the past four months as continued shortage of...
United States aluminium scrap exports to India grew 15% in August after two months of decline
After month-on-month declines in the United States aluminium scrap exports to India in June and July, August this year saw a rise of 15 per cent, found the United States Geological Survey. The data showed the United States exported 24,600 tonnes of aluminium scrap to India in August, compared to 21,400 tonnes in July. In May and June, the export volume was at 24,200 tonnes and 21,900 tonnes, which indicates that June saw a drop of 10 per cent in the US aluminium scrap exports while that in July plunged further by 2.33 per cent month-on-month. {newsStudioGallery} So, as can be seen in the above graph, the United States aluminium scrap export volume to India stood the highest in August during the said time. Compared to May, the export volume in August was higher by almost 2 per cent....
Vedanta’s revenue in Q2 FY20 recorded a drop of 3% over the year as net sales plunged
Vedanta Limited in the late last week reported that its revenue in the second quarter of FY20 dropped by 3 per cent year-on-year to INR 21,739 crore. Net sales and EBITDA also dropped by 3 per cent and 15 per cent year-on-year from INR 22,432 crore to INR 21,739 crore and from INR 5,281 crore to INR 4,497 crore, respectively. Quarter-on-quarter, EBITDA dropped by 13 per cent from INR 5,188 crore, but net sales grew 3 per cent from INR 21,167 crore. This brought the total net sales and EBITDA in the first half of the financial year to INR 42,906 crore and INR 9,685 crore, respectively; down year on year by 3.30 per cent from INR 44,374 crore and 17.42 per cent from INR 11,729 crore. Basic earnings per share, however, rose both quarter-on-quarter and year-on-year by 60 per cent and 61 per...
Vedanta cuts aluminium production cost to $1852 per tonne during September quarter
As the aluminium prices on the London Metal Exchange (LME) entered the bearish zone, Vedanta Limited reduced the cost of its production (CoP) during the September quarter of FY20 to $1,852 per tonne. The LME prices (as on November 14) hovered at $1,756 per tonne for the cash buyer. At this price point, 10 per cent of the global aluminium smelters are incurring cash losses. Vedanta’s aluminium CoP during the first half (April-September) of FY20 was even lower at $1,810 per tonne, down 9 per cent from $1,990 in the corresponding period last year. Vedanta’s near term target is to reduce aluminium CoP to $1,500 per tonne. Earlier, Vedanta had planned to cut its CoP to $1,700 per tonne by the end of this financial year. Ajay Dixit, chief executive officer (CEO) of Vedanta’s aluminium and power...
John Nowell collecting used aluminium cans for making hospital helipads
John Nowell’s year-long initiation of making helipads for local hospitals from used aluminium cans has come a long way over the year and a charity is now reportedly appealing for donations of the empty cans. According to the report, the charity has already collected 25 per cent of the aluminium needed to make the first helipad. After being collected, the cans are transported to HMP Stocken where they are crushed to form one cubic metre cubes and stockpiled. They are then smelted to generate aluminium, which is to be used to make sections and then assembled to make helicopter landing pad. To make the deposition and collection of the cans easy and efficient, John Nowell has been busy setting up red collection bins all over the East Midlands, including The King Centre in Barleythorpe and...
China’s unwrought aluminium alloy imports in September recorded highest so far
Shanghai Metals Market found China’s imports of unwrought aluminium alloy marked a record high in September totalling at 18,706 tonnes, as demand from Chinese secondary aluminium producers and die-casting plants increased with Beijing throttling down the inflows of aluminium scrap. The imports were up by 16.9 per cent from a month ago and 140 per cent from a year, the highest since SMM records began in January 2018. By the end of the year, the unwrought aluminium alloy imports to China are expected to reach 40,000 tonnes, buoyed by shrinking aluminium scrap imports and low stocks at domestic secondary aluminium producers. In September, China’s aluminium scrap imports were at 114,000 tonnes, down 19.1 per cent month-on-month but up 17.5 per cent over the year, showed customs data. In the...
