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.
Spot aluminium purchases among downstream consumers found tepid on high prices
According to Shanghai Metals Market, high prices of spot aluminium in the eastern and southern Chinese markets prompted reluctant aluminium purchases among downstream consumers this morning. Spot deals were mostly seen at RMB 13,680 per tonne to RMB 13,700 per tonne in Shanghai, barely changed from the previous morning. The front-month SHFE aluminium contract also traded range-bound in morning trade today. Transactions in Wuxi and Hangzhou were also heard at RMB 13,680 per tonne to RMB 13,700 per tonne. Against the SHFE 1903 contract, spot discounts in Shanghai came in at RMB 30 per tonne to RMB 10 per tonne, narrower than RMB 40 per tonne to RMB 20 per tonne on Tuesday morning. The Aluminium Corporation of China (Chalco) bought over 5,000 tonnes of spot aluminium in the eastern markets...
China’s aluminium sheet, plates and strips export drop 1.8% MoM in January, but up 20% YoY
According to the data from China Customs released over the weekend, the country’s exports of aluminium sheet, plates and strips came in at 246,000 tonnes in January, down 1.8 per cent from 250,000 in December, but up 20 per cent from 205,000 tonnes year-on-year. This decline in China’s export volume in the said month is attributable to narrowed arbitrage window on yuan appreciation and higher SHFE/LME aluminium price ratio. {newsStudioGallery} However, even though the export grew in January year-on-year, it was 0.9 percentage point slower compared with the earlier month (December 2018). The yuan rebounded about 6.7 versus the US dollar for much of January. For the same month, the ratio of the most active aluminium contract on the Shanghai Futures Exchange to the three-month aluminium on...
Aluminium ingot prices record change in northern Chinese markets; average ingot price shows restraint
Today, on March 6, the aluminium price as well its raw materials’ on Shanghai Metals Exchange seem to have decided to mark the day with no movements, neither upward nor downward. To start with, the A00 aluminium ingot price is found to continue at RMB 13,700 per tonne, since when it jumped from 13,630 per tonne yesterday. The average prices of the ingot are expected to range between RMB 13,680 per tonne and RMB 13,720 per tonne, with spot discounts to settle at RMB 50 per tonne to RMB 10 per tonne. This shows the spot price has increased, however, by RMB 10 per tonne from yesterday. On the other hand, while most of the major markets in China have also determined to record no change in the A00 aluminium ingot price today, the markets in the north and northeast display a little exception as...
Vedanta appoints new CEO for its aluminium and power business
On Tuesday, March 5, the mining giant Vedanta announced the appointment of Ajay Kapur as the chief executive officer of its aluminium and power business. Kapur brings with him an experience of over 30 years across various business verticals. He worked at Ambuja Cements as the managing director and CEO for its India business. Vedanta Resources Executive Chairman Anil Agarwal said: "Ajay will provide leadership for unlocking the full potential of our aluminium and power business which is a US$10 billion asset with revenue of US$ 6 billion. His enormous experience in the infrastructure sector will definitely work towards driving growth of India's largest aluminium capacity." In Vedanta, Kapur will be responsible for driving key priorities for the aluminium business, including a strong focus...
Australia’s aluminium powder and flakes export in terms of volume to grow YoY, while value to remain flat
The global aluminium powder and flakes market in terms of value is estimated to grow to US$1060 million by 2024 from US$910 million in 2019, growing at a CAGR of 2.5 per cent. The key players in the industry, such as Australia, are expected to cash on the opportunities that abound the market during this period. Being one of the world’s leading aluminium producing countries, Australia is expected to be one of the prime sourcing epicentres. {newsStudioGallery} According to the available data, Australia in 2019 is expected to export around 13,112 tonnes of aluminium powder and flakes, up 6 per cent from 2018. Australia’s aluminium powder and flakes exports have been growing year over year since 2016. In 2017, the country had exported approximately 10,486 tonnes, up 46 per cent from 7,175...
Nespresso dedicates US$1.2 million for better aluminium capsules recycling
According to a recent report, Nespresso, in collaboration with New York City’s curbside recycling programme, has made a US$1.2 million commitment to enable better recovery of its aluminium coffee capsules. President and CEO of Nespresso USA Guillaume Le Cunff said, “Nespresso is deeply committed to the circular use of our products, choosing aluminium packaging because it both protects the quality of our exceptional coffees and can be recycled and reused again and again.” Nespresso believes that its collaboration with the New York City Department of Sanitation (DSNY), and Sims Municipal Recycling (SMR) will drive its recycling efforts and further offer New York City-based consumers additional options to recycle used capsules and other aluminium products at home. "SMR‘s role is to take the...
Emirates Environmental Group collects 4050 kg of aluminium cans for recycling
Emirates Environmental Group (EEG) reportedly reunited the nation once again for its 23 rd Cycle of the Can Collection Day. More than 200 entities, including various hotels, families, academic institutions, and corporations from Emirates participated in the event and reeled in 4050 kg of aluminium cans for recycling on February 28, 2019. EEG achieved 20 per cent of the target and therefore urged all sectors to achieve the set target of 20,000 kg till December. Appreciating the year on year success of this Can Collection Campaign, Habiba Al Mar’ashi, Chairperson of Emirates Environmental Group, said that over the last 23 years the event saw tremendous growth, also in terms of participation from the UAE society. According to him, EEG managed to collect around 320,400 kg of aluminium cans...
Chalco’s high purchasing price fuels trading enthusiasm in spot aluminium market of east China
According to Shanghai Metals Market, east China on Monday, March 4, saw brisk trading in spot aluminium market as high purchasing prices offered by aluminium giant Chalco fuelled trading enthusiasm. Spot deals were mostly found at RMB 13,610 per tonne to RMB 13,630 per tonne in Shanghai, up over RMB 70 per tonne over the weekend. The front-month March aluminium contract on the Shanghai Futures Exchange also climbed from Friday. Against the SHFE 1903 contract, spot discounts in Shanghai came in at RMB 60 per tonne to RMB 50 per tonne, wider than RMB 50 per tonne to RMB 40 per tonne on Friday morning. Chalco’s purchasing prices stood close to RMB 40 per tonne higher than the most traded prices earlier in the morning trading hours. The aluminium giant purchased about 3,000 tonnes of spot...
Incat Crowther to design aluminium high speed passenger ferry
Incat Crowther has reportedly bagged a contract to design an aluminium-made high speed passenger ro-pax ferry that will operate between Pingtan Island in mainland China and Taiwanese cities of Taichung, Taipei, and Kaohsiung by Fujian Strait Shipping Co (CSF). The construction of the vessel will be done by AFAI Southern Shipyard with the use of marine grade aluminium. AFAI Southern Shipyard, located at Guangzhou, is the largest-scale and advanced manufacturer of jumbo aluminium alloy ships at present in China or even Southeast Asia. The ferry will have two vehicle decks capable of carrying 230 cars and 42 containers. The resiliently mounted passenger cabin that will include both the economy and business class will have a seating area for 1000, and will come with amenities like a duty-free...
February operating rates across Chinese aluminium wire, cable producers plunge on weaker demand and CNY holiday
According to Shanghai Metals Market, producers of aluminium wires and cables in China saw lower operation rates in February due to poor orders and the Chinese New Year holiday. The average rates across wire and cable plants were at 47.18 per cent in the said month, down 21.67 percentage points from January, but up 7.88 percentage points from the same period last year, showed SMM survey. During the CNY holidays, most plants did not return to normal operation until February 19, found SMM. As operations at construction sites slowed down owing to cooler weather, demand for electronic wires and telecommunication cables started shrinking, further resulting in slower operations across wire and cable plants in February. Most buyers required post-holiday delivery for orders for wires and cables....
Chinese A00 aluminium ingot price grows over the weekend after two consecutive falls last week
Followed by two consecutive falls last week, the A00 aluminium ingot price is found rebounded over the weekend, showed Shanghai Metals Market on Monday, March 4, 2019. While the spot price of aluminium ingot has grown to RMB 13,630 per tonne from RMB 13,550 per tonne, the average prices are expected to range between RMB 13,610 per tonne and RMB 13,650 per tonne. The spot discounts are likely to settle at RMB 70 per tonne to RMB 20 per tonne. As the surge has touched upon all the major Chinese markets, the east market (Wuxi and Hangzhou) has recorded a growth of RMB 75 per tonne to stand at RMB 13,620 per tonne. The markets in the south and north have witnessed an increase in ingot price by about RMB 110 per tonne and RMB 30 per tonne to hover at RMB 13,680 per tonne and RMB 13,600 per...
An all-aluminium K50 electric sports car to make debut at 2019 New York Auto Show
An all-aluminium K50 electric sports car will reportedly make a debut in North America during the 2019 New York Auto Show in April. The news came after California-based Mullen Technologies and its Chinese partners confirmed. The companies also said the vehicle would be sold in the United States from 2020. The K50 is a well-proportioned, two-door sports car featured with an all-aluminium body frame and carbon fibre body panels. The total weight of the car is 281 kilograms, of which aluminium construction accounts for 234 kilograms. The power of the car comes from a duo of electric motors, one for each axle. This layout ensures all-wheel drive capability with multiple driving modes. The creators said the combined peak output of the system “could be as high as 375 bhp, with a torque of 428...
Bosai invests US$23 million for expanding its bauxite operations
Chinese-owned Bosai Minerals Group Guyana Inc. is reportedly investing US$23 million as part of its expansion plan for Linden, Region 10, bauxite operations. The news arrived after Bosai made the announcement on Friday morning, March 1, which also said that this expansion would create additional long-term employment for the residents of the community Per the report, Bosai has already commenced preparatory works for a new number 15 rotary kiln for calcined bauxite production. The new kiln and its auxiliary facilities are worth of US$20 million and expected to produce 170,000 tonnes of refractory A Grade super calcine bauxite per year. According to the mining company, it is also financing a new number 16 drier and its auxiliary facilities worth US$3 million. This project is expected to...
Trudeau corresponds with Donald Trump for the removal of US aluminium and steel tariffs
Prime Minister of Canada Justin Trudeau reportedly spoke to the US President Donald Trump on Thursday, February 28, about American tariffs on aluminium and steel. The news came after Trudeau’s office said “The Prime Minister raised the issue of steel and aluminium tariffs and expressed the need for the removal of tariffs,” on Friday, March 1. Ottawa, the capital of Canada, had been strongly objecting to these tariffs imposed on the ground of national securities. Ottawa pressed many times for the removal of tariffs. The US Agriculture Secretary Sonny Perdue said on February 28 that he tried hard to convince Mr. Trump for protecting the US steel industry with tariff rate quotas, instead of plain tariffs on imports from Canada and Mexico. Earlier on Sunday, February 24, Transport Minister...
Lower aluminium prices and weekend stockpiling lead to brisk aluminium trading in east China
Shanghai Metals Market found brisk trading in east China on Friday morning, March 1, as lower aluminium prices improved purchasing willingness among traders and downstream consumers. Weekend stockpiling was also an important reason for the improved purchasing and therefore, brisk trading as a result. In Shanghai, spot deals were mostly seen at RMB 13,540 per tonne to RMB 13,550 per tonne, down more than RMB 60 per tonne from Thursday morning. The front-month March aluminium contract on the Shanghai Futures Exchange also fell from the previous day. Against the SHFE 1903 contract, spot discounts in Shanghai narrowed from RMB 80 per tonne to RMB 40 per tonne in the first part of the morning session, as futures prices dropped. Spot discounts were seen at RMB 50 per tonne to RMB 40 per tonne...
Bauxite mining unlikely to restart next month, says Kuantan MP
Kuantan MP Fuziah Salleh reportedly said that bauxite mining activities are unlikely to resume in a month’s time. Explaining further, she said that the mining activities look difficult to restart in next one month time because Pahang government has not yet made standard operating procedure (SOP) clear. "It was discussed in the Cabinet that the moratorium should only be lifted if the SOP was satisfactory. So technically, I do not see how the moratorium can be lifted next month," Fuziah said after visiting SM Chong Hwa here on Friday, March 1. Fuziah further said that environmental impact assessment report is also yet to be submitted by the state government. She added that former minister Datuk Seri Wan Junaidi Tuanku Jaafar had earlier proposed the delimitation of bauxite mining hectarage...
Guangxi Hualei increases its prebaked anode purchasing price for March: SMM
According to an update from Shanghai Metals Market, Guangxi Hualei New Materials has raised its prebaked anode purchasing price today by RMB 24 per tonne month-on-month for March. Guangxi Hualei New Materials is a subsidiary of the state-owned aluminium giant China Aluminium Corporation (Chinalco). Higher transport costs are the main reason for this increase, bringing the purchasing price to RMB 3,958 per tonne. On a broader nationwide basis, however, the prebaked anode prices have continued to show signs of weakness as of March 1. In the eastern market, spot prices have declined by RMB 70 per tonne from the previous day and averaged at RMB 3,350 per tonne, SMM found. Earlier, on February 27, Shandong Weiqiao Group, one of the top aluminium producers in China, had tentatively lowered its...
A00 aluminium ingot price in China shrinks RMB50/t to mark second consecutive fall
The A00 aluminium ingot price starts off the month with a decline by RMB 50 per tonne, found Shanghai Metals Market. Today, on March 1, the price has stooped down from RMB 13,600 per tonne to RMB 13,550 per tonne. The average prices are expected to range between RMB 13, 530 per tonne and RMB 13,570 per tonne, with spot discounts to settle at RMB 60 per tonne to RMB 20 per tonne. Since the decline of aluminium ingot price has touched upon all the major markets in China, the eastern markets (Wuxi and Hangzhou) have recorded a plunge by RMB 65 per tonne and RMB 60 per tonne. The price there is standing now at RMB 13,545 per tonne. The markets in the south and north have seen a price drop by RMB 70 per tonne and RMB 40 per tonne to RMB 13,570 per tonne and RMB 13,570 per tonne, respectively....
