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.
Chinese A00 aluminium ingot price extends its growth further, but alumina price declines
The A00 aluminium ingot price continues to rise post-Christmas day, December 26, from RMB 13,630 per tonne to RMB 13,710 per tonne, marking a growth by RMB 80 per tonne, Shanghai Metals Market found. The ingot price has been rising since December 21 and today it marks the fourth consecutive hike. So far, today’s price is the highest this month. The average prices today are expected to range between RMB 13,690 per tonne and RMB 13,730 per tonne, with spot discounts to settle at RMB 110 per tonne to RMB 70 per tonne. In the east, Wuxi, the ingot price climbed RMB 60 per tonne to stand at RMB 13,685 per tonne while in Hangzhou, the price increased RMB 40 per tonne to clock at RMB 13,690 per tonne. In the south and north, the prices grew by RMB 80 per tonne and RMB 25 per tonne and stood at...
Chinese A00 aluminium ingot price records third consecutive growth this Merry Christmas day
The primary aluminium spot market in China seems to be merry for the sellers on the auspicious occasion of Merry Christmas. The A00 aluminium ingot price has climbed RMB 10 per tonne on December 25, to clock at RMB 13,630 per tonne, Shanghai Metals Market found. This marks the third consecutive rise since December 21. The first rise was from RMB 13,510 per tonne to RMB 13,560 per tonne and then to RMB 13,620 per tonne and RMB 13,630 per tonne. The average prices today are expected to range between RMB 13,610 per tonne and RMB 13,650 per tonne, with spot discounts to settle at RMB 90 per tonne to RMB 50 per tonne. In the east, Wuxi, the price has recorded a jump by RMB 20 per tonne to RMB 13,625 per tonne while in Hangzhou,, the price has registered a growth of RMB 25 per tonne to RMB...
Availability and export price drives China’s pre-baked anode shipments into international markets
Shanghai Metals Market found that slow expansion of domestic aluminium capacity led to an oversupply of pre-baked anode in China. This, together with higher overseas prices of pre-baked anode, drove exports of the material higher on a yearly basis in 2018. In October, China exported some 128,000 tonnes of pre-baked anode, up 53.9 per cent from a year ago. This brought in the total pre-baked anode exports from China during January-October at 1.03 million tonnes, up 23.1 per cent from the contemporary period last year, showed data by China Customs. The growth of domestic aluminium capacity slowed to below 5 per cent in the recent three years, with a negative increase of -2 per cent in 2017. However, the capacity of pre-baked anode maintained a growth rate of around 5 per cent. After a great...
Aurum Exploration Ltd. aims at securing buyer and resuming bauxite shipment in early 2019
According to a report, Aurum Exploration (Fiji) Limited is eyeing to resume bauxite shipment in the first half of 2019. It is thus, looking for options in terms of securing buyers for its bauxite resource. In an interview, the Minister for Lands and Mineral Resources Ashneel Sudhakar said operations have temporarily ceased at Naivigiri in Bua, due to a lull in bauxite export. The Minister also said that potential buyers are umpteen but the catalyst for finalising a bauxite sale is the quality. Hence, the company is reportedly taking steps to improve its bauxite beneficiation facility efficiency which should result in an improved economic value of bauxite. The target is to secure a buyer and resume bauxite shipment in the first half of 2019. He, however, explained, “there is no global...
Spot aluminium sellers in China show keenness to offload cargoes in the year-end: SMM
According to Shanghai Metals Market, spot aluminium sellers across eastern and southern markets in China showed keen interests in offloading cargoes on Monday, December 24. The imminent year-end prompted sellers to clean their stocks and cash in, which as a result, increased cargoes offload. The SHFE January contract rebounded from the earlier lows during morning trades on Monday. Spot discounts in Shanghai were heard at RMB 80 per tonne to RMB 70 per tonne against the SHFE 1901 contract, compared to RMB 70 per tonne to RMB 60 per tonne seen on Friday morning. In Shanghai and Wuxi, most transactions were heard at RMB 13,600 per tonne to RMB 13,610 per tonne while in Hangzhou, the transaction was at RMB 13,620 per tonne to RMB 13,630 per tonne. The prices were up close to RMB 50 per tonne...
China’s alumina exports in November lower 38% from the previous month despite growth in production
Despite an increase in alumina production in November, China’s alumina export stood down by 37.9 per cent from October, showed Shanghai Metals Market. China exported a total amount of 285,700 tonnes of alumina in November compared to 460,000 tonnes and above in October. According to SMM, China’s total alumina production in November came in at 6.08 million tonnes, with average daily output at 203,000 tonnes. This marked a growth by 6.7 per cent from a year ago and 4.1 per cent from a month earlier. In October, China’s alumina production was at 6.039 million tonnes, with average daily output at 195,000 tonnes. However, regardless the fall in China’s exports volume in November than the previous month, it stood 72 per cent higher than 166,000 tonnes in September, which was the then the...
Chinese primary aluminium inventories drop slower over the weekend; A00 ingot price increases RMB 60/t
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped 4,000 tonnes over the weekend ended on Monday, December 24, to stand at 1.276 million tonnes. The decline was, however, slower compared to the previous day, primarily because of more arrivals from smelters over the weekend. The current status of primary aluminium inventories across China is given in the chart below: In the background, the spot price of A00 aluminium ingot recorded a jump today, on December 24, from RMB 13,560 per tonne to RMB 13,620 per tonne, marking a growth of RMB 60 per tonne. This marks a rise for the second day in a row after a plunge on December 20, from RMB 13,590 per tonne to RMB 13,510 per tonne. On December...
Barracuda Yacht Design unveils 55-metre tri-deck motor yacht concept featuring aluminium hull
The Barracuda Yacht Design studio has reportedly revealed a 55-metre tri-deck motor yacht concept. The design of the yacht includes aluminium hull and superstructure along with 8.3 metre beam. Besides, the key features of the vehicle include a touch and go helipad on the foredeck, tender garage on the main deck, and sunpads on the fly-bridge. The Barracuda has designed 500GT yacht in such manner that it ensures a plenty of space for dining outside beneath a protective bimini. The accommodation capacity in the yacht will be of 10 guests in total comprising a full beam owner’s suite with sea terraces on either side. Four symmetrical guest cabin meanwhile sit on the main deck, which can all be accessed from a central corridor connecting to the main deck saloon, dining area, and aft deck. The...
China aluminium producers to cut another 800,000 tonnes of capacity: Source says
According to a report by Reuters, China’s aluminium producers are set to cut more than 800,000 tonnes per year of smelting capacity. The news came after analysts from Antaike attending a key smelter meeting in the southern region of Guangxi today said this. However, the analysts attending the meeting did not say over what time period that capacity cuts would be made. In 2018, smelters by now have closed more than 3.2 million tonnes of capacity; about 80 per cent of it in the second half of the year amid a slump in aluminium prices, said Antaike analysts. The incessant fall of aluminium prices and slow demand for the metal this year has brought together the major aluminium producers of China in Guangxi on December 21. Aluminium futures on the Shanghai Futures Exchange (SHFE) are down 13.5...
Vasco locals demand strict action against bauxite ore transportation
Vasco locals have reportedly demanded strict action against the trucks transporting bauxite ore because of increasing dust pollution in the town. They have even threatened to hit the streets themselves in case they are not heard and the situation continues to prevail. The locals claim that the bauxite ore transportation by MPT has not benefitted them in any possible way but has created nuisance instead. Besides dust pollution, traffic chaos is another reason why Vasco locals are demanding for an immediate action against the bauxite ore transportation. A local says the bauxite ore is transported through the MPT to Karnataka and this is causing nuisance in the port town. Councillor Krishna Daji Salkar says he has already requested the Chief Officer to look into the matter take action...
Canada to exempt tariffs on some imported aluminium and steel from US
Canada seemed to have been all ears to the tariff exemption request from the construction industry in British Columbia in November. British Columbia is the westernmost province in Canada that depends primarily on imported metal. On Wednesday, December 19, Canada reportedly announced that it would exclude some aluminium and steel imported from the US from its newest tariffs and quotas. The government said it would also give additional relief to some companies that have contractual obligations. In Canada, automakers frequently buy US steel under contract and distribute among Canadian suppliers as well as feed their own plants. However, it was not immediately clear which companies would be affected. Canada also said on Wednesday that it would give relief for steel product imports that were...
Chinese aluminium alloys price drops despite lowered billet inventories: A00 ingot price grows
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China shrank some 11,900 tonnes over the week ended on Thursday, December 20, to stand at 108,600 tonnes. The reason for this decline could be the smaller arrivals of billets to warehouses and sellers destocking at the year end. This followed after fewer purchases for building materials expanded inventories by 2,600 tonnes last week. The billet inventories in Foshan and Guangdong dropped 7,400 tonnes to stand at 61,000 tonnes while in Wuxi and Jiangsu, the inventories dipped 200 tonnes. But in Huzhou and Zhejiang, the inventory rose by 400 tonnes from 6,200 tonnes, as on December 13, to 6,600 tonnes on December 20. The below chart indicates the current status of aluminium billet...
Vimetco and Conef sell 34% of Romanian aluminium maker Alro’s shares
According to a report by a Romanian daily financial newspaper Ziarul Financiar, local brokerage firm Swiss Capital successfully placed 241 million shares of Romanian aluminium producer Alro Slatina through an accelerated book build (ABB). The shares sold represented a stake of nearly 34 per cent in the company and the value of the deal amounted to RON 723 million, equivalent to EUR 155 million. The transaction closed at a price of RON 3 per share, 11.5 per cent under Alro’s closing price on December 18. This summer, Alro’s major shareholder Vimetco attempted to sell a 54 per cent stake in Alro through a secondary public offering (SPO) but failed. The targeted price range in the SPO was RON 3.5-4. In the first nine months of 2018, Alro recorded a net profit of RON 203 million (EUR 43.6...
Ashland to put recycling bins for residents outside the city for an annual $100
The City of Ashland Mayor Steve Gilmore said that the city would open recycling bins for residents outside Ashland for $100 per year, starting from January 1, 2019. Ashland residents will be able to use the recycle bins beneath the two bridges to Ohio at no extra charge, as city residents already pay $22 per month for garbage fees. Residents in Ohio and West Virginia can participate in the change approved this week by the Ashland Board of City Commissioners. The materials that will be accepted for recycling include plastic bottles and containers; white paper, notebook paper, newspapers, and phone books and; aluminium cans and empty aerosol cans. Any other materials placed in these bins will cause the dumpster to be contaminated and, in turn, must be disposed of as regular trash. Gilmore...
France’s aluminium scrap exports volume to Italy likely to rise this year, but revenue to record low
As aluminium scrap remains a significant resource for the production of secondary aluminium and subsequently new aluminium products across the world, France’s exports of scrap see a steady market trend year over year. In 2018, France’s aluminium scrap exports are estimated to see growth from 459,678 tonnes in 2017 to 468,484 tonne in 2018, up 2 per cent. In 2016, the estimated aluminium scrap exports volume by France was even higher at 471,203 tonnes, 2.5 per cent more than in 2017 and 1 per cent more than in 2018. Italy consumes the largest chunk of aluminium scrap export by France. According to the international export-import data, Italy’s aluminium scrap import from France in 2018 is likely to be at 105,502 tonnes against 104,718 tonnes in 2017, up 1 per cent. In 2016, Italy’s...
US to remove sanctions from Rusal including Aughinish Alumina plant in Limerick
The US Treasury announced on Wednesday, December 19, about its intention to remove sanctions against Oleg Deripaska-owned Rusal, which is the parent company of the Aughinish Alumina plant in Limerick. The Irish foreign ministry said in a statement that the Aughinish Alumina plant would be free from the threat of sanctions following a 30-day Congressional review period. The facility churns out a third of Europe’s alumina. The deadline for complying with the sanctions extended several times before, and now it is until January 21, 2019. The United States had declared earlier that the sanctions could be removed against Rusal if Russian billionaire Oleg Deripaska relinquished control of the company. So, the three Deripaska companies - Rusal, En+ and power firm EuroSibEnergo - have agreed to...
Balco’s Mainpat Bauxite Mines celebrates Annual Safety Function
Balco’s Mainpat Bauxite Mines under Sarguja district has reportedly celebrated Annual Safety Function with a lot of grandeur. Besides participating in multiple activities like quiz, drawing, planting trees, and essay writing, Balco officers, employees, and contract workers took an oath to adopt a safe working style and to make Mines an accident free area. Director General of Mines Safety, Raigarh, Saifulla Ansari was present in the function as a Chief Guest. Amit Chauhan, Programme Coordinator from Shree Cement Limestone Mines; Milind Shore, Mines Manager Hirmi Dolomite Mines; and Naresh Kumar Vishisth, Engineer, N.M.D.C Kirandul Mines, were also present in the programme as guests. Rajesh Mishra, Head- Balco Bauxite Mines; Pramod Ranjan, Head-HSE, Mines, Balco; and Ajay Tewari, Head –...
Morgan to launch a sports car in 2019 with all-new bonded aluminium platform
According to a report, a British sports car manufacturer Morgan Motor Company has confirmed to launch an all-new sports car in 2019 to mark the firm’s 110-year anniversary. The new model, known internally as the ‘Wide Body’, is set to use an all-new bonded aluminium platform. Details are scarce, but per the company’s report, the new car will feature "a powertrain never before installed in a Morgan". This year marks the 50th and the final year of the Malvern-based maker fitting V8 engines to its cars. The final examples of the Aero 8 and Plus 8, fitted with BMW’s N62 V8, will be kept for Morgan’s heritage fleet. Morgan claims that its to-be-launched sports car will be positioned above the Roadster, Plus4, and 4/4 in terms of performance, but not designed to be a direct replacement for the...
