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.
Africa’s primary aluminium production in July 2024 jumps by 4.65%, yet total Y-T-D output drops
Africa's primary aluminium production in July 2024 reached a new high compared to the previous six months' data but still stood lower than in the same period last year, found the International Aluminium Institute (IAI). According to IAI, Africa's primary metal output in July 2024 witnessed a month-on-month jump of 6,000 tonnes or 4.65 per cent, standing at 135,000 tonnes, the highest in seven months, but recorded a year-on-year drop of 1,000 tonnes from the production in July 2023. It is to be noted that Africa's primary aluminium production until July 2024 surpassed 130,000 tonnes for only two months. In the remaining five months, the output lingered below 130,000 tonnes, mostly ranging around 128 tonnes. February 2024 was the onlooker of this year's least primary aluminium production in...
European aluminium foil shipments rebound in Q2 2024 by 6.6% Y-o-Y, counterbalancing Q1 drop
Aluminium foil shipments in Europe recovered during the second quarter of 2024, recording a 6.6 per cent rise year-on-year and a 4.2 per cent increase quarter-on-quarter, found the European Aluminium Foil Association (EAFA). In the first quarter, the shipments suffered a loss of 6 per cent annually, coming in at 217,800 tonnes, which grew over a quarter to 227,000 tonnes to meet the demand growth of almost 10 per cent. Shipment vs Export The increase in Q2 shipments was primarily backed by thinner gauges, which are mainly used for flexible packaging and household foils. The shipments of thinner gauges saw the most substantial gains, growing by more than 8 per cent from the corresponding period of 2023. The shipments of thicker gauges, used for semi-rigid containers, technical or other...
India: DGTR recommends above $600/t of anti-dumping duty on Chinese aluminium foil imports
On Friday, August 30, the Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce and Industry suggested an anti-dumping duty on Chinese aluminium foil imports as it observed Chinese foils accounting for 30 per cent of the Indian market despite adequate domestic production capacity. The duty recommendation followed an inquiry request from Hindalco on account of the adverse impact of imports on domestic foil manufacturing companies. Other companies that filed an inquiry include Shyam Steel & Power Ltd., Venkateshwara Electrocast Pvt. Ltd., and Ravi Raj Foils Ltd. The inquiries were filed on grounds of Chinese aluminium foil influx into India. In the first seven months of FY2024-25, the import value exceeded $60 billion, up by 10 per cent from the $55 billion recorded...
NALCO’s subsidiary KABIL signs MoU with Oil India Ltd. to develop critical mineral projects
The National Aluminium Company Limited’s subsidiary KABIL has reportedly signed a memorandum of understanding with Oil India Limited to explore and develop critical mineral projects jointly. Signed at NALCO’s headquarters in Bhubaneswar, the MoU aims to build a strong collaboration between KABIL and Oil India and foster teamwork in exploring critical minerals, domestically and internationally. According to the terms signed in the MoU, KABIL and Oil India will work together on existing and future projects, including identifying international critical mineral opportunities and jointly investing in selected ventures. This partnership will leverage the expertise of both companies to develop critical mineral projects and secure a reliable supply of these essential materials for India’s growing...
Oceania decided the fate of global alumina production in July 2024
According to the International Aluminium Institute (IAI), the world’s alumina production rose steadily in July 2024 on a month-on-month basis but reflected a fall annually. As per the data revealed by IAI, Oceania was a primary factor for the monthly growth or annual fall in July alumina production worldwide. The output in Oceania grew in July month-on-month by 8.89 per cent from 1.327 million tonnes to 1.445 million tonnes, while it fell year-on-year by 11.24 per cent from 1.628 million tonnes. The world’s alumina production in July 2024 stood at 12.155 million tonnes, up by 0.88 per cent from 12.049 million tonnes in June 2024 but down from 12.167 million tonnes in July 2023. However, the annual fall in the world’s July 2024 alumina output was largely offset by the increase in...
Indian Government mandates 5% recycled content in non-ferrous metal products, including aluminium
A significant step has been taken towards the non-ferrous metals industry by the Government of India by mandating the 5 per cent content of recycled aluminium in all new products from the beginning of the financial year 2027-28. The mandate is for non-ferrous metals like aluminium, copper, and zinc. The Government is initiating the regulation with the 5 per cent recycled aluminium content rule but gradually intends to increase it to 10 to 25 per cent, depending on the metal. For instance, products made of aluminium should have 10 per cent recycled content, copper 20 per cent, and zinc 25 per cent. Thus, the new regulation will require aluminium, copper, and zinc producers to recycle a certain amount of products and introduce an extended producer responsibility (EPR) framework to ensure...
En+ Group posts a 3.6% drop in H1 revenue in line with dipped sales value; but net profit heightens by 44.6%
En+ Group, the largest producer of low-carbon aluminium and the biggest independent renewable energy generator, has announced its financial results for the first half of FY2024 ended June 30. The Group described the period as an onlooker of geopolitical tensions, weak metal demand, high interest rates, and sanctions on Russian aluminium. All these factors adversely affected the Group’s financial results, resulting in a 5 per cent Y-o-Y drop in primary aluminium and alloy sales from US$4,740 million to US$4,502 million. As a consequence, revenue decreased by 3.6 per cent from US$7,283 million to US$7,021 million; however, this was partly offset by alumina and electricity sales increase from US$181 million to US$191 million and US$898 million to US$915 million, respectively. The rise in...
Top 10 aluminium alloy wheel manufacturers in Asia - meet the industry leaders
The concept of alloy wheels dates back to the early 1920s when they were used to enhance vehicles’ performance. The journey started with alloy wheels made from wooden planks with rounded edges and progressed until the age of aluminium alloy wheels. 1974 was the year that marked the first offer of aluminium alloy wheels to the general public on the VW Golf, Scirroco, Passat, and Audi as a low-cost, high-performance option for motorsports. Today, these wheels are a popular choice with the attainment of many other advantageous factors like heat dissipation, improved horsepower, better braking, better conduction, lower maintenance, and aesthetic appeal. Following various advancements in aluminium alloy wheels triggering demand, the global market size of the product is estimated to grow to...
LME aluminium price falls below US$2500/t amid decreased stock after marking two-month high; SHFE gains $6/t
On Wednesday, August 28, three-month LME aluminum contract opened at US$2,543 per tonne, with a high of US$2,548.50 per tonne and a low of US$2,484 per tonne, closing at US$2,484 per tonne, down by US$62.50 per tonne. After experiencing skyrocketing growth over six days by US$226.50 per tonne during August 19-27, reaching two-month high, the LME aluminium benchmark price suffered a loss of US$40.50 per tonne overnight reaching below US$2500 per tonne level. On Wednesday, August 28, LME aluminium cash bid price and LME aluminium official settlement price decreased by US$39.50 per tonne and US$40.50 per tonne, respectively, to clock at US$2,478.50 per tonne and US$2,479.50 per tonne. 3-month bid price and 3-month offer price contracted by US$34 per tonne and US$35 per tonne to arrive at...
Hind Aluminium’s net profit crippled in Q1 FY2025 by 98% Y-o-Y
Hind Aluminium, a manufacturer of aluminium & alloy conductors and aluminium wire rods, announced its first quarter financial results for the fiscal year 2024-25, reporting a fall in net sales to INR 0.25 crore. On a quarter-on-quarter basis, the Q1 net sales decreased by 24 per cent from INR 0.33 crore, and that on a year-on-year calculation plunged by 34 per cent from INR 0.38 crore. The company’s net profit was in the June quarter of FY2024-25 was INR 0.05 crore, dramatically down by 97 per cent from INR 1.55 crore a quarter ago and 98 per cent less than INR 2.95 crore a year earlier. The sharp decline in net profit could be attributed to increased raw material costs due to higher prices of primary aluminium on LME, coupled with weaker demand for aluminium products. EBITDA stood at INR...
Vedanta plans to set up industrial parks for aluminium, silver and zinc, says Anil Agarwal on LinkedIn
Vedanta Limited, an Indian multinational mining company, is reportedly planning to establish two industrial parks, one for aluminium and one for silver and zinc. The news came on Wednesday, August 28, after Vedanta's chairman Anil Agarwal announced it on one of his LinkedIn posts, indicating a future plan for similar parks for the oil & gas and iron & steel sectors. Chairman Anil Agarwal also noted on his social media post that the parks would be created on a not-for-profit basis. His post reads, "For India, industrial parks are a good way to achieve scale in different sectors and across the value chain. They will be transformative not just for entrepreneurs but also employees and workers who can avail of best-in-class townships and facilities that will come up around the cluster."...
Q4 aluminium premium offer for Japan rises 8% due to supply constraints in Asia
According to a recent report, Japanese buyers are offered a much higher premium, above $180 per tonne, for the shipment of primary aluminium in the fourth quarter of 2024, ending December 31. The news came after two people directly involved in quarterly pricing talks reported the matter on Wednesday, August 28. Compared to the current quarter’s premium, the proposed premium for Q4 is about 8 per cent higher. A global producer has reportedly offered a premium of $185 per tonne over the LME aluminium benchmark price for the December quarter, up from $172 per tonne in the September quarter . The new premium offer marks an extended growth for Q4, following a 16 to 19 per cent increase in Q3 premium from $145-148 per tonne paid in the April to June quarter. The consecutive growth in premium...
US anti-dumping measures dampen China’s July aluminium extrusion exports, resulting in 75% M-o-M fall
According to China customs data, domestic aluminium extrusion exports in July 2024 amounted to 90,300 tonnes, marking a dramatic month-on-month fall of 74.8 per cent but a modest rise of 0.83 per cent year-on-year. In June, Chinese aluminium extrusion exports, including HS codes 76041010, 76041090, 76042100, 76042910, and 76042990, amounted to 97,500 tonnes , up by 6.47 per cent month-on-month and 9.14 per cent year-on-year. Among the top sources of Chinese aluminium extrusion exports in July, Guangong, Shandong, and Jiangsu led the list. The sharp month-on-month decrease in export volume is largely attributed to anti-dumping measures imposed by the United States, resulting in a significant drop in export orders. Some Chinese companies even reported zero export orders from the United...
China slams Canada for its 25% tariff plan on Chinese aluminium and steel
According to a report, China has denounced Canada's proposed tariffs on Chinese aluminium, steel, and electric vehicles. A spokesperson for the Chinese Embassy in Canada said Canada's tariff plans reflect a typical act of trade protectionism and political dominance. The spokesperson cautioned that imposing tariffs on Chinese goods would disrupt Canada's economic structure and damage trade cooperation between China and Canada. The move would also harm the interests of Canada's consumers and enterprises and interrupt the North American country's efforts towards green transformation. On August 26, the Canadian Government declared its plan to imitate the United States 25 per cent tariffs on China-origin aluminium and steel and 100 per cent on electric vehicles, intending to address unfair...
Alucam bags ASI Performance Standard certification for aluminium smelting and managing industrial waste
On Monday, August 26, the Aluminium Stewardship Initiative announced that it successfully certified Cameroon’s primary aluminium producer, Alucam, against the Performance Standard V3 (2022) certification. Alucam has reportedly bagged the certification for primary aluminium smelting, including the production of green anodes at their paste plant, anode baking and rodding, casting aluminium ingots and slabs, rolling of slabs, and coating of coils at the plant in Edea, Cameroon. ASI has also recognised the company for managing industrial waste at the landfill in Sikoum and handling coke, pitch, and alumina at the seaport and logistics site in Douala, Cameroon. The main activities of the facilities include aluminium smelting, aluminium casting, rolling, and coating of aluminium coils, with an...
Aluminum Association praises Canada for mirroring the US 25% tariff on Chinese aluminium
Following the news on the Canadian Government’s plan to imitate the United States tariffs on Chinese aluminium, steel, and electric vehicles, the Aluminum Association released a statement applauding and welcoming a 25 per cent additional tariff on certain aluminium and aluminium products imported from China. Although the plan is awaiting public review, the tariffs are estimated to be implemented from October 1 and 15, 2024. This move coming into effect in Canada will mark a significant step towards creating fairer trade practices in the North American aluminium market. The United States and Canada are employing these additional tariffs, like 25 per cent on aluminium and steel and 100 per cent on electric vehicles , to address the unfair trading caused by the influx of cheap Chinese...
Cameroon’s Alucam reports 2.5 times growth in aluminium exports to France, strengthening revenue earnings
Alucam, a Cameroon-based aluminium company engaged in producing ingots, plates, coils, sheets, and discs, has reported substantial growth in the export of raw aluminium to France in 2023. The export volume amounted to 15,879 tonnes, making aluminium the fifth largest product being shipped from Cameroon to France in 2023. France has become a dominant destination for Cameroon’s aluminium exports. In 2023, the European country alone received 36 per cent of Cameroon’s aluminium exports, contributing about 38.4 per cent of the country’s export revenue. Throughout 2023, Cameroon’s total aluminium exports reached 43,916 tonnes, generating CFA54.2 billion. On August 19, 2024, the National Institute of Statistics (INS) backed the data, revealing that these exports brought in CFA 20.8 billion for...
Canada government mulls over replicating US tariff plans on Chinese aluminium, steel and EVs
According to a recent report, the Canadian government is contemplating replicating the United States tariff plans on electric vehicles, aluminium, and steel imported from China. The news came on August 26 after the Toronto Star, a Canadian English-language broadsheet daily newspaper, reported about the Canadian government's plan. As per the report, the government plans to implement a 100 per cent tariff on China-origin electric vehicles and 25 per cent on aluminium and steel, following Washington's increased tariffs on Chinese electric cars from 25 per cent to 100 per cent, coming into effect on August 1, 2024. In May 2024, Joe Biden's administration announced the increase of tariffs on Chinese goods, including electric vehicles, semiconductors, and minerals, aiming to protect the...
