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.
Turkey’s aluminium bar rods and profiles exports to Germany to remain flat in 2019 but exports to Iraq likely to grow
The increasing use of aluminium extrusions in building and construction sector has been generating considerable demand for aluminium bar, rods and profiles across the world. The aerospace industry is also contributing fairly to the rising demand for aluminium profiles. According to the forecast in 2014, the expansion of the global aluminium profile, bar and rod industry is likely to reach 9.7 per cent per annum in the years to come. {newsStudioGallery} To cash on this positive market sentiment in the aluminium bar, rods and profiles industry, Turkey has been increasing the volume of its exports to the various parts of the world. In 2018, the country’s estimated aluminium, bar, rods and profiles exports were at 181,772 tonnes, which in 2019 is expected to rise to 196,170 tonnes, up 8 per...
Latest SOP document for bauxite mining in Pahang ready to be finalised, says Ministry
The Standard Operating Procedure (SOP) for bauxite mining and export in Pahang, Malaysia, is ready to be finalised, bringing miners one step closer to resuming bauxite ore extraction activities. Such was the announcement by Water, Land and Natural Resources Minister Dr. A. Xavier Jayakumar on August 3, 2019. He said the ministry and the Pahang state government would jointly review the procedures soon and determine a date for the SOP to go into effect. “The SOP document will then be uploaded on the ministry’s website for reference by all parties concerned,” explained the minister. According to the report, Xavier made this announcement referring to a criticism that was published on an online news portal titled “Ministry SOP delay frustrates bauxite mining operators”. Xavier further said the...
Alumina price declines by RMB15/t; A00 aluminium ingot price increases on lowered inventories
Followed by a restraint at RMB2,457 per tonne on August 2, the average spot price of alumina has begun the week with a drop to RMB 2,442 per tonne, as of Monday, August 5, found Shanghai Metals Market. Quarter-on-quarter, the price thus, stands below by RMB 336 per tonne, and on month the price hovers lower by RMB 281 per tonne. In the east and central, the average alumina price has dwindled by RMB 20 per tonne, while in the south and north by RMB 15 per tonne and RMB 10 per tonne. However, against the background of alumina spot price decline in China, the A00 aluminium ingot price has registered a growth of RMB 10 per tonne to stand at RMB 13,840 per tonne. The average prices are expected to range between RMB 13,820 per tonne and RMB 13,860 per tonne, while the spot contract to be traded...
Chinese prebaked anode prices likely to remain downtrend in H2 2019: SMM
Shanghai Metals Market forecasts that the prices of prebaked anode are unlikely to see a significant rebound in the second half of the year due to excessive capacity. Prices will continue to follow raw materials costs range-bound in the near future. Heating season environmental cuts on carbon mills may only lift the prices of prebaked anode, but after September. In July, the prebaked anode prices failed to record any growth as slow resumption and build-out of aluminium capacity aggravated a supply glut. Moreover, they followed the prices of petroleum coke, which also remained sluggish after producers resumed from maintenance. Petroleum coke is the raw material used to produce prebaked anode. The uptick in June’s prices was mainly buoyed by a price rally of raw materials including...
Bauxite (6.0≤Al/Si＜7.0)Shanxi price rose this week after three months; Other input costs remained downward
As the week has come to an end, let us once recapitulate how the aluminium market in China rolled over the entire week. Beginning from bauxite, the price of the Bauxite (6.0≤Al/Si＜7.0)Shanxi recorded a growth of RMB 20 per tonne to RMB 560 per tonne on July 31, according to Shanghai Metals Market. This marked the third change in Bauxite (6.0≤Al/Si＜7.0)Shanxi through the year, followed by a drop from RMB 570 per tonne to RMB 550 per tonne on January 28 and then to RMB 540 per tonne on April 24. The price of the Bauxite (6.0≤Al/Si＜7.0)Henan, on the other hand, registered a plunge of RMB 30 per tonne to RMB 520 per tonne on the same day, after remaining restrained at RMB 550 per tonne from May 5 to July 30. Other raw materials like alumina, prebaked anode, and aluminium powder registered...
John Farrer & Co. unveils a range of recyclable aluminium coffee capsules
Coffee roaster John Farrer & Co. (Kendal) Limited has reportedly launched a range of recyclable aluminium coffee capsules, in a bid to mark the 200 th year of the company’s anniversary and address the problem of plastic waste. Farrer chose to use aluminium for their capsules for several reasons. Firstly, the system that is used to make aluminium capsules protects both taste and quality of the coffee and secondly, because of the fact aluminium is recyclable and can be reused in myriad of applications like bicycles, food and medicine packaging, construction materials, and electronic components and electrical power transmission. Once the capsules are used and disposed of, they are collected and sent to recycling plants for smelting and reusing. Besides, aluminium recycling is economically...
Poland’s aluminium scrap imports from Germany to drop 3% in 2019; Country’s total scrap imports to decline 2.7%
Germany has always been the leading supplier of aluminium scrap to Poland, with an increasing volume year over year. In 2016, Poland imported 92,173 tonnes of aluminium scrap from Germany, which in 2017 increased by 43.4 per cent to 132,180 tonnes and further by 9 per cent to 142,424 tonnes in 2018. But this year is likely to be an exception, as Poland is expected to import 139,831 tonnes from Germany, down 3 per cent from the previous year, according to the global export-import data. {newsStudioGallery} As the above graph shows, Poland’s total aluminium scrap import is likely to decrease as well in 2019, amounting to 254,844 tonnes, compared to 261,714 tonnes in 2018. In 2016, the total import volume was at 168,115 tonnes, while in 2017 at 233,258 tonnes, which indicates year on year...
Century Aluminium’s net sales dropped 3% over the quarter in Q2 2019; Adjusted EBITDA declined by over 70%
The US-based global aluminium producer Century Aluminium, on August 1, announced that its net sales for the second quarter of 2019 declined 3 per cent over the quarter to come in at $473.1 million. In Q1 2019, the company’s net sales were at $490 million. It reported a net income loss of $20.7 million or $0.23 per share, compared to a net loss of $34.6 million or $0.39 per share for the first quarter of 2019. The adjusted net loss in Q2 valued at $16.2 million or $0.17 per share, while that in Q1 was at $66.6 million or $.070 per share. According to the firm, its second quarter results had been negatively impacted by $4.5 million of exceptional items, driven by a $9.0 million lower of cost or net realizable value inventory adjustment and a $4.3 million loss on the sale of its BHH...
A00 aluminium ingot price continues to fall on lowered input costs, brisk trade and improved inventory
The A00 aluminium ingot price has dropped for the second day in a row on Friday, August 2, by RMB 40 per tonne to come in at RMB 13,830 per tonne, found Shanghai Metals Market. Improved inventory of primary aluminium on August 1, along with sluggish costs of alumina and prebaked anode could be the two primary reasons for the downfall of aluminium ingot price. Also, the spot aluminium trading was found brisk in the last two days on active transactions among traders, resulting in lowered aluminium ingot price. However, month-on-month the price is standing higher by RMB 180 per tonne. According to SMM, the average prices are expected to range between RMB 13,810 per tonne and RMB 13,850 per tonne, with spot contract to be traded at a premium price of RMB 40 per tonne. Tianjin has seen the...
Primary aluminium inventories grow by 5,000 tonnes over the week
According to Shanghai Metals Market , the social inventories of primary aluminium in China have recorded a second weekly rise today, on August 1, in the past four weeks. Data shows the stocks across eight major consumption areas in China, including SHFE warrants, have come in at 1.04 million tonnes after growing by 5,000 tonnes from a week ago and 11,000 tonnes from Monday, July 29. On July 25, the inventories were at 1.035 million tonnes and on July 29 at 1.029 million tonnes. However, the growth today in primary aluminium inventories could not touch upon all the major Chinese markets. Hence, inventories in Wuxi, Jiangsu; Hangzhou, Zhejiang; Linyi, Shandong; and Shanghai plunged by 9,000 tonnes, 3,000 tonnes, and 1,000 tonnes, respectively. Other markets like Nanhai, Guangdong; Gongyi,...
China’s prebaked anode exports record a marginal rise of 1% in H1 2019
The latest customs data shows that China’s exports of prebaked anode in the first half of 2019 has grown marginally by 1 per cent to come in at 622,000 tonnes, compared with 615,780 tonnes in the same period last year. In June 2019, the export volume was at 131,000 tonnes, up 52.5 per cent from 62,225 tonnes in May 2019 but down 0.2 per cent from 131,262 tonnes in the corresponding period of 2018. {newsStudioGallery} The data further shows that Malaysia was the leading export destination of China’s prebaked anode in the first half of 2019. As per the data, China shipped 222,000 tonnes, a decrease of about 1 per cent from 224,220 tonnes in the same period last year. Canada was the second largest destination where China exported 9.5 per cent of more prebaked anode in H1 2019, amounting...
Aluminium billet inventories in China continue to rise by some 700 tonnes this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have extended week-on-week growth by some 700 tonnes today, August 1, across five major consumption areas in China to stand at 83,400 tonnes. On July 25, the inventories were at 82,700 tonnes after rising by some 1,600 tonnes from its previous week. This indicates a slower growth this week ended on August 1, 2019. In Changzhou, Jiangsu, the aluminium billet inventories have risen by some 1000 tonnes to stand at 12,000 tonnes, as of August 1, while in Nanchang, Jiangxi, and Wuxi, Jiangsu, the inventories have increased by 700 tonnes and 100 tonnes to stand at 5,300 tonnes and 14,700 tonnes respectively. In markets like Foshan, Guangdong, and Huzhou, Zhejiang, the inventories have either remained restrained or...
Alumina and prebaked anode price drop by RMB18/t and RMB25/t; A00 aluminium ingot price also declines
According to Shanghai Metals Market, the average spot price of alumina has started the month with a drop of RMB 18 per tonne to RMB 2,457 per tonne, as of August 1, 2019. With this, the price records a month-on-month decline of RMB 301 per tonne. Since the end of May, the spot alumina price is registering a sluggish trend ranging between RMB 3119 per tonne, as of May 29, to RMB 2,457 per tonne today. The rise in alumina import into the market and therefore, the lesser consumption of domestic production could be one of the reasons for this incessant drop in the spot price of alumina. In the south, the price today has declined by RMB 30 per tonne to RMB 2,435 per tonne, while that in the east, central, and north has inched down by RMB 20 per tonne and RMB 10 per tonne to RMB 2,480 per...
Press Metal inks PPA to secure more power for smelting capacity expansion
Malaysia-based aluminium company Press Metal Aluminium Holdings Berhad has reportedly signed a power purchase agreement with Syarikat SESCO Berhad, a unit of Sarawak Energy Berhad, on July 31, 2019, in a bid to secure more power for capacity expansion. According to the agreement, Syarikat SESCO Berhad will provide long-term access of up to approximately 500MW of electricity to Press Metals for 15 years. Press Metal revealed in a statement that the first drawdown of 300MW would expectedly commence by October 2020, while the remaining 200MW to be made available on a reasonable endeavour basis by SESCO. This additional access to power will enable the Malaysian aluminium company to build a third aluminium smelter in Samalaju Industrial Park, Sarawak, leading to the increase in the company’s...
Tasmanian fertiliser-grade bauxite sales increasing, says ABx in its Q2 report
Australian Bauxite Limited posted increasing sales of Tasmanian fertiliser-grade bauxite in its second quarter report. The company said in the report that superphosphate fertiliser made by acid processing bauxite from the Bald Hill Mine near Campbell Town gained strong sales. In early June, about 32,477 tonnes of cement-grade bauxite was loaded and shipped from Bell Bay, having been produced and delivered to port 3 weeks ahead of schedule. Bulk-sampling at the Binjour bauxite project in QLD confirmed grades and upgrading tests were successful. According to the company’s report, rehabilitation at Bald Hill is also nearing completion “in accordance with ABx’s high standards. The company has a range of deposits in Tasmania, Queensland, and New South Wales. At the end of June quarter, the...
Vedanta aims to increase aluminium export to more than 50 per cent of its production
According to a recent report, Vedanta Limited aims to export more than half of its aluminium production to international markets, as the imports of the metal to India is continually increasing. According to the company’s annual report for FY2019, only 30 per cent of the company’s sales were in the domestic market, while imports comprised 58 per cent of India’s consumption during that period. India’s aluminium imports in FY2019 peaked at 2.3 million tonnes, resulting in a forex outgo of $5.5 billion or one per cent of total imports by value. “Over the last few years we have observed a surge of aluminium scrap imports," said Ajay Kapur, chief executive officer (aluminium and power) of Vedanta Ltd. He also said, "We, as an industry, are working with the Indian government seeking support to...
Bauxite price increases by RMB20/t after three months; A00 aluminium ingot price extends rise
After remaining muted for about three months at RMB 540 per tonne, the average price of Bauxite (6.0≤Al/Si＜7.0)Shanxi has recorded a growth of RMB 20 per tonne to RMB 560 per tonne, as of July 31, learned Shanghai Metals Market. This is the third change in Bauxite (6.0≤Al/Si＜7.0)Shanxi price this year, followed by a price drop from RMB 570 per tonne to RMB 550 per tonne, as of January 28, and then another decline on April 24 to RMB 540 per tonne. The price of Bauxite (6.0≤Al/Si＜7.0)Henan, on the other hand, has registered a plunge by RMB 30 per tonne to RMB 520 per tonne. From May 5 to July 30, the Bauxite (6.0≤Al/Si＜7.0)Henan price remained restrained at RMB 550 per tonne. Backed on the rise in bauxite price, the A00 aluminium ingot price has also extended its growth from RMB 13,900 per...
Garcia’s first yacht in Exploration 60 features aluminium hull and deck structure
French shipyard Garcia Yachts, specialised in aluminium blue water cruising sailboats construction, has reportedly begun developing the first hull in its flagship Exploration 60 range. The key features of the vehicle include an aluminium hull and deck structure, as well as aluminium forward and aft bulkheads. The coach roof is fitted with large glass panels to allow passengers to enjoy a panoramic view of the outside world. A totally flush deck, refined exterior lines, and an interior helm station are some of the other notable features of the yacht. The versatile transom area doubles up as a diving platform, boarding area or bathing beach. The Exploration 60 can be operated with or without crew. It offers three layouts in two different interior styles. The “standard” layout features two...
