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.
Bauxite Angola’s mining project in Guinea-Bissau soon to restart
The prolonged wait of an Angolan company Bauxite Angola for resuming its cooperation project, particularly for exploring bauxite deposits seems to finally come to an end in 2018. In 2007, Bauxite Angola had secured rights to the bauxite reserves in Guinea Bissau and in April 2012, the project was suspended by the African Union following a military coup in Bissau. Since then the company has been looking forward to the solvent of political turmoil and recommencing the mining project all over again. Angola’s second deputy speaker Higino Carneiro announced on Tuesday, April 10, 2018, that Bauxite Angola is going to resume its bauxite exploration projects in Guinea-Bissau soon, as reported by the Angolan Press. Speaking at the end of an audience with the Guinean head of state José Mário Vaz,...
China’s inventory rose again, while ADC12 aluminium alloys export price stood lowest
China’s inventory of refined aluminium has been oscillating between 2.231 million tonnes and 2.227 million tonnes since more than a week. After a plunge to 2.227 million tonnes on April 8, 2018, the inventory including SHFE warrants once again soared to 2.231 million tonnes on Thursday April 12, 2018, with increased transactions in some of the major Chinese cities like Wuxi and Jiangsu, Shanghai, Tianjin and Chongqing. More details are as follows: According to another update from Shanghai Metal Market, average A00 aluminium ingot price jumped conspicuously from the previous day to close at RMB 14450 per tonne. Although aluminium ingot price was more or less on a rising spree over a couple of weeks from RMB 13960 per tonne on April 4 to RMB 14080 per tonne on April 9 followed by RMB 14200...
Glencore to terminate contract with Rusal for aluminium supply: Sources
Anglo-Swiss miner and commodity trader, Glencore Plc has decided to terminate 50,000 tonnes of contract specifying metal of Russian origin, Rusal in particular, as reported by anonymous sources. In the recent time, amidst a series of news clouding the internet relating to the US slapped punitive sanctions on Rusal, Glencore to declare force majeure on aluminium supply from Russia has not missed to grab the attention of many stalwarts in the industry. Initially, it was not very clear what volume would come under force majeure or which buyers would be affected. On Tuesday April 10, Glencore reported while evaluating the contracts that those contracts with Rusal were not very “financially material” to the company. However, the declaration of force majeure did not appear as a surprise to most...
Demand surged for new-energy vehicles: sales volume significantly up in Q1
Shanghai Metal Market reports that according to China Association of Automobile Manufacturers (CAAM), China’s new-energy vehicles sales ascended more than double this quarter. This is a year-on-year growth as the country has been facing an overall growing demand for new-energy vehicles. In the period January to March, China witnessed around 154 per cent of growth in new-energy vehicle sales, totalling 143,000 units compared to the corresponding period last year. On the other hand, output closed at 150,000 units, up 157 per cent year-on-year. To say the truth, sales of new-energy passenger vehicles surged as well by 102 per cent to close at 55,723 units in March and 116,918 units, up 136 per cent in the entire Q1 compared to the same period of previous year, according to the data revealed...
China’s average A00 aluminium ingot price dwindled, whereas aluminium share price surged
Owing to the unwillingness of East China sellers to move following the rebound of the SHFE 1806 contract, trading in China’s aluminium spot market dipped on Wednesday April 11, 2018, learned Shanghai Metal Market. As a result, the average A00 aluminium ingot price dropped drastically from RMB 14,230 to RMB 14,170 per tonne today April 12, 2018. The prices are expected to range between RMB 14150 and RMB 14190 per tonne with spot discounts to settle at RMB 80 to RMB 40 per tonne. While the transactions at Shanghai and Wuxi hovered at RMB 14,200 to 14,230 per tonne with spot discounts ranged between RMB 70 to RMB 60 per tonne, Hangzhou and Guangdong witnessed transactions at RMB 14,210 to RMB 14,230 per tonne and RMB 14,240 to 14,280 per tonne respectively. However, in Guangdong, although...
Albras to trim down aluminium production by 50 percent
Albras Alumínio Brasileiro, the second largest aluminium producer in Brazil is going to curtail aluminium production by 50 per cent at its Albras Aluminium Plant, decided yesterday April 10, 2018 by the company’s board of directors. After curtailment, Albras will produce only around 230,000 tonnes against its earlier annual production of 460,000 tonnes. This decision is primarily taken due to Alunorte’s indisposition to supply all the required alumina to Albras after being forced by the state environment office of Para to halve the production in March, 2018 because of non-compliance relating to residue leak from bauxite deposition through clandestine tubes. However, the Brazilian aluminium smelter has a plan to recommence its full production once Alunorte also resumes its production like...
Rio Tinto’s integrated aluminium facilities in Canada first receives ASI certification
The announcement of the first Aluminium Stewardship Initiative (ASI) certification, bagged by Rio Tinto’s integrated aluminium facilities in Quebec, Canada and Northern Territory, Australia, for meeting the industry’s highest standards in respect to environmental, social and governance practices across the aluminium lifecycle has taken the internet by storm. Rio Tinto's five aluminium smelters, the Vaudreuil refinery, casting and spent potlining treatment centres and associated infrastructure such as power, port and railway facilities in Quebec, Canada, along with the Gove bauxite mine in Australia have received the award. Rio Tinto was also the first founding member of the ASI, the only comprehensive voluntary sustainability standard initiative for the aluminium value chain to ensure...
Light-weight aluminium cars expected to curb emissions in Europe
After prolonged attempts to bring down the incessant rise of carbon dioxide discharge in the European transport sector, Patrik Ragnarsson of European Aluminium trade body expects the lighter aluminium-built cars to curb the emissions, said himself. While other European Industrial sectors have been significantly reducing CO2 discharge, transport sector kept failing to curb the emissions, said the EA's Senior Manager of Automotive and Transport division at the S&P Global Platts European Aluminum conference in Dusseldorf, Germany. According to EA data, transport sector in Europe leads in CO2 discharge, with emissions 25 per cent higher than 1990 levels. Ragnarsson held the mileage surge on roads and shift from diesel to petrol responsible for the continued rise of emissions. Now, the action...
LME to suspend Rusal’s metal from its brand list; aluminium price is on surge
Since when the Trump administration has announced punitive sanctions against a list of Russian individuals and entities including the aluminium-giant Rusal, every individual associated with aluminium industry has been anticipating the most dreadful conditions to come. One of them was Rusal’s suspension from the London Metal Market’s brand list, which is going to turn true very soon as the London Metal Exchange approves suspension of Rusal’s metal from its brand list. This would be put into effect from April 17, 2018, according to a report. From that date onwards, any metal owner wanting to place warrants on aluminium under any brand of Rusal will have to provide written evidence as a proof to not violate sanctions. Otherwise, the LME warehouses will not accept it for storage. This is a...
Average A00 aluminium ingot price rose further while alloys price remained steady: SMM learned
Average A00 aluminium ingot price seems to be on a rising spree amidst an overall positive sentiment in the China market, where there’s a balance forming between production and consumption resulted in aluminium inventory and output plunge and input costs’ steady escalation. After a sharp rise from RMB 14080 per tonne to RMB 14200 per tonne yesterday April 10, 2018, Shanghai Metal Market research found a further hike of average A00 aluminium ingot price to RMB 14230 per tonne today April 11, 2018. The prices are expected to range between RMB 14210 and RMB 14250 per tonne with spot discounts to settle at RMB 110 to RMB 70 per tonne. This on-going week has been showing a great growth of average aluminium ingot price ranged between RMB 14080 per tonne and RMB 14230 per tonne against the last...
Export orders at aluminium die-casting plants declined on rising yuan
According to the update from Shanghai Metal Market, a large number of aluminium die-casting plants across some of the provinces in China, including Sichuan, Jiangsu and Zhejiang witnessed a lower export order in the first quarter of the FY2018-19. The reason for the plunge in export orders is primarily attributed to the appreciation of yuan’s value against the dollar. The yuan value in March was at 6.29, while in January it was hovering at 6.49. This month-on-month value appreciation resulted in affecting demands for Chinese products in foreign markets. The more the yuan value increased, the more the Chinese products lost advantages in foreign markets and aluminium plants’ profit margins from exports wore away. The maximum impact of the yuan value rising was seen in the aluminium...
India-US to exchange dialogue over imported aluminium and steel tariffs, today at New Delhi
India and US are going to exchange dialogue over Indian aluminium and steel imported tariffs at India-US Trade Policy Forum Meeting today April 10, 2018 at Delhi. As reported, India is looking forward to an amicable settlement to the issue and not willing to indulge in a trade war with the US. “The issue of raised tariffs on steel and aluminium will be discussed at length at the Indo-US Trade Policy Forum meeting on Tuesday in New Delhi, but we don’t know yet what the US expects in return if it were to withdraw the duty hike. We will approach the matter with an open mind as we do not want a trade war with the country which is an important trade partner,” said a government official. He even said that the aluminium and steel items which have been penalised with import tariffs are largely...
Alumina price sees a hike while alumina output depreciates: SMM update
Alumina output has shrunk in March by 2.4 per cent year-on-year and stood at 5.73 million tonnes in China, while the daily output hovered at 185,000 tonnes, up 1.9 per cent month-on-month, Shanghai Metal Market research found. In the first quarter of the financial year 2017-18, output was at 16.52 million tonnes, down 0.7 per cent from the contemporary period of the previous year. The cause of decline attributes to the end of winter heating season from November 2017 to March 2018, as some alumina plants across the country have resumed their operations, except for Henan, Jinjiang, East Hope and Wanji. However in April, alumina output is estimated to have a slight rise from the past month and attain 5.74 million tonnes. The daily output is apprehended to increase as well to 191,000 tonnes,...
Demand for high-strength aluminium alloy expected to rise five times in the future: said Dr. Chand
At the recently held National Seminar in Mumbai, organised by Aluminium Association of India and sponsored by Hindalco, Nalco, Vedanta and TKIS on developments of special alloys and composites of aluminium, Dr. Tapan Kumar Chand, CMD of Nalco and President of Aluminium Association of India, projected an optimistic apprehension on high-strength aluminium alloy. He said that the demand for the high-strength aluminium alloy will increase by five-fold in the next ten years. According to Orissa Report Diary, many other aluminium stalwarts including the Consul General of Italy, Senior Government Officials, CEOs and Senior Executives of different organisations had also put an emphasis on a whole new world of opportunities lying ahead for the ‘wonder metal’. While expressing concerns over only...
Odisha Government gives consent to Lanjigarh refinery to boost capacity to 6 million tonnes
Vedanta’s long wait comes to an end on receiving a nod from Odisha Government for its Lanjigarh refinery production capacity boost to six million tonnes. According to an official source, “Chief Minister Naveen Patnaik has given his nod to the expansion of the plant. The Vedanta has been asked to submit the plan for value addition in the state for expanded capacity." Long ago, Vedanta Alumina had developed its Lanjigarh’s refinery capacity from one million tonne to two million tonnes by investing about INR 50,000 crore. Now it is aiming at expanding to six million tonnes and creating job opportunities for thousands of personnel. To follow the plan, the company will haul the required bauxite from the bauxite mine run by Odisha Mining Corporation on the Kodingamali plateau, responding to...
A00 ingot price rises on declining aluminium inventory and output
After the two days of holiday for Qingming Festival in China on Thursday April 5 and Friday April 6, the aluminium market shows an overall positive sentiment. Aluminium traders, manufacturers and investors get a reason to rejoice as both aluminium inventory and output declined. According to the Shanghai Metal Market data on Sunday April 8, China’s refined aluminium inventory including SHFE warrants plunged and returned to 2.227 million tonnes as downstream producers boosted their stock piles. This brings back an optimistic revision in aluminium inventory after a hike on April 4, 2018 from 2.27 million tonnes to 2.231 million tonnes. The current inventory status in major Chinese cities is as follows: Another update from SMM shows a fall in Aluminium output as well, which is down by 2.7 per...
Aluminium slugs market likely to have a steady growth in the period 2017-2027
With a growing collection of single-serve packaging systems in the market, aluminium slugs are expected to secure a positive opportunity in the packaging industry. Healthcare, paint, food & beverage, pharmaceuticals and many other industries are looking at an increasing use of aluminium slugs for having eco-friendly and recyclable properties. Moreover, they are widely available and easy to be reshaped for the convenience of the customers. Market dynamics: The aluminium slugs market is expected to witness an optimistic growth over the forecast period due to the rising demand for smaller and convenient slugs for extrusion. According to the anticipation, personal care and beauty products will bring aluminium slugs more into use for having an extended shelf life and a safe approach to...
OMC to supply bauxite to Hindalco, Balco and Anrak
At the commencement of e-auctions, Odisha Mining Corporation offers 190,000 tonnes of bauxite secured from its Kodingamali mines in Southern Odisha. This maiden attempt of OMC to sell bauxite at e-auctions has evoked buying interests from many alumina refinery owners, both within and outside the state. "We have received the participation of BALCO (Bharat Aluminium Company), Hindalco for its units at Muri and Belgaum and Anrak Aluminium at the bauxite e-auctions. As per the policy finalized, 30 per cent of our saleable bauxite would be liquidated through auctions”, said R Vineel Krishna, managing director, Odisha Mining Corporation (OMC). This is not the first time Anrak Aluminium has decided to source bauxite from OMC. Earlier also, the refinery had turned to Odisha Government for a...
