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.
LME aluminium price stands steady on a W-o-W basis despite back-to-back declines; SHFE price rebounds above US$2800/t
On Wednesday, July 3, LME aluminum opened at US$2,516 per tonne, reached a high of US$2,561.50 per tonne, a low of US$2,514.50 per tonne, and closed at US$2,549.50 per tonne, up US$33.50 per tonne from the previous close, an increase of 1.33 per cent. LME aluminium cash bid price and LME aluminium official settlement price witnessed a drop for the second day in a row. The LME price graph indicates that both the prices slipped by US$2.50 per tonne on the said day to settle at US$2,486.50 per tonne and US$2,487 per tonne, respectively. However, despite the drop, the price stood week-on-week higher by US$43 per tonne or 1.76 per cent compared to US$2,444 per tonne. But on a month-on-month basis, the price edged a downfall of US$138 per tonne or 5.26 per cent from US$2,625 per tonne. In...
Dudley's Aluminium bags a multistorey car park project right at the heart of Central Quay
Dudley’s Aluminium, a Cardiff-based aluminium fabricator offering services like designing, manufacturing, and installing curtain walls, windows, doors, and facades within the building envelope, has reportedly won a critical project to build a multistorey car park in Central Quay, Cardiff. Dudley has partnered with Goldbeck Construction for the project involving the installation of curtain walling and doors for the Cardiff city center car park building, which also features residential, office, leisure, and retail opportunities. This is not the first time the Welsh fabricator has secured a city centre project. Dudley earlier played a crucial role in remodelling the city centre with its work on many of the landmark buildings in Central Square, such as Buildings One and Two, the BBC, HMRC and...
China’s aluminium wire rod producers’ operating rate grows on improved State Grid orders
According to the Shanghai Metals Market, domestic aluminium wire rod producers’ operating rate increased last week to meet backlogged orders. There were adequate inflows of State Grid orders through tenders in Qinghai, Jiangxi, Jiangsu, and Sichuan, leaving producers with ample orders on hand. The bid announcements in Jiangsu and Sichuan also included heat-resistant alloy stranded wire orders worth of total RMB 68.28 million. Thus, to meet these orders, China’s domestic aluminium wire rod producers ramped up their operations, leading their operating rate to 67.2 per cent. Last week, Chinese domestic aluminium wire rod prices remained steady, contributing to transactions improvement driven by destocking inventory accumulation at low prices to obtain cash flow. On Friday, June 28, the...
Vedanta Lanjigarh unit receives prestigious Kalinga Awards for energy & environment conservation drives
Vedanta Aluminium's efforts to conserve energy and protect the environment in operations at Lanjigarh alumina refinery have recently received special recognition from Kalinga Awards: Environment. According to a report, India's largest aluminium producer has bagged two accolades—the Kalinga Energy Excellence Award and the Kalinga Environment Excellence Award, presented by the Institute of Quality and Environment Management (IQEMS) in association with the Odisha State Pollution Control Board and the Institute of Public Enterprise (IPE), Hyderabad. Vedanta's Lanjigarh refinery is India's one of the most premier producers of smelter-grade alumina. Till date, it has undertaken several initiatives aligned with Vedanta Aluminium's sustainability goals such as Net Zero Carbon by 2050, Net Water...
China’s A00 aluminium ingot price demonstrates W-o-W rise of 1.15% backed by central bank monetary policy
China’s central bank supportive monetary measure aimed at stabilising economy amid bearish demand for primary aluminium from downstream sectors has boosted China’s A00 aluminium ingot price for the second consecutive day, bringing it to RMB 20,290 per tonne on July 3, 2024. According to the Shanghai Metals Market (SMM) survey, the price has escalated by RMB 80 per tonne overnight, following an increase of RMB 100 per tonne on the previous day. The latest increase has further brought the price 1.15 per cent higher than RMB 20,060 per tonne a week ago. According to SMM, the average prices today are estimated to range between RMB 20,270 per tonne and RMB 20,310 per tonne, with spot contract to be traded at a discount price of RMB 80-40 per tonne. Prices across regions Among the major...
Upward trajectory of China’s primary aluminium production is leaving strain on the alumina market
China achieved a record-high production of primary aluminium, reaching 3.65 million tonnes in May 2024, comparable to output levels seen in August and September of the previous year. This surge is bolstered by the restarting of smelters in Yunnan after a prolonged shutdown, promising an annual output of 43 million tonnes. However, this upward trajectory has significantly affected the alumina market, the key raw material for aluminium production, resulting in constrained supply and fluctuating ore prices. Alumina price movement Throughout May 2024, China's average alumina price surged, recording a growth rate of 13.24 per cent. According to the Shanghai Metals Market, the domestic alumina price increased over a month from RMB 3,451 per tonne to RMB 3,908 per tonne, reaching its highest...
New Zealand is set to house a new state-of-the-art, multimillion-dollar can manufacturing plant
Recorp Aluminium, New Zealand's most progressive can-manufacturing company founded and funded by the country's brightest beverage container specialists, is on the brink of launching its $100 million-plus facility into operation in South Auckland. The founder and chairman of the company, former Air New Zealand chief executive Rob Fyfe, expressed his positive views about the project saying that it should break even in its second year of operation. The new can manufacturing plant, equipped with cutting-edge technology, is poised to revolutionise New Zealand's beverage packaging industry. It is scheduled to commence operations in early September 2024, albeit five months behind schedule due to a site change. Recorp Aluminium was founded to revolutionise New Zealand's packaging industry for...
Chinalco Shandong’s red mud utilisation project attains special recognition for scientific and technological progress
In the very recent Science and Technology Award of China Environmental Protection Federation 2023, Chinalco Shandong received prestigious recognition by winning the first prize for its scientific and technological progress in the comprehensive red mud utilisation project "Green Technology and Engineering Demonstration of Efficient Production of New Powder Materials by Bayer Process Red Mud". In recent times, Chinalco Shandong has employed new development concepts to strengthen the research on the comprehensive utilisation of red mud while prioritising ecology. The project "Green Technology and Engineering Demonstration of Efficient Production of New Powder Materials by Bayer Process Red Mud" encompasses a study of the physical and chemical structure of a complex element system of red mud...
China’s aluminium foil exports in May’24 trend up 7% M-o-M, with India, Mexico and Indonesia as top destinations
According to the Shanghai Metals Market survey, China’s aluminium foil exports in May 2024 amounted to 130,100 tonnes, registering a month-on-month increase of 7 per cent from 121,600 tonnes. The May export volume also recorded an annual rise of 15 per cent. Among export destinations, India, Mexico, and Indonesia were the top three in May, followed by Thailand. To the top ten destinations, China exported 78,100 tonnes of aluminium foil, up by 6.26 per cent from 73,500 tonnes in April. China’s aluminium foil exports to the top ten destinations accounted for 60 per cent of the country’s total foil exports. For June and July, China has already received most of the orders for aluminium foil exports and put them into production. According to SMM estimation based on companies’ feedback,...
Capral Aluminium confirms the receipt of its first ASI-certified primary metal shipment from Hydro
According to a recent report, Capral Aluminium, Australia’s largest extruder and distributor of industry-leading aluminium products, has secured its first ASI Chain of Custody (CoC) certified shipment from the Norwegian aluminium company Hydro. Receipt of the first ASI-certified aluminium establishes Capral’s value and commitment towards sustainability and responsible metal sourcing practices across the supply chain. This milestone also builds Capral’s strategic partnership with Hydro for the supply of ASI CoC-certified aluminium. The Aluminium Stewardship Initiative and its Chain of Custody (CoC) certification are recognised globally as premium standards for responsible production, sourcing, and stewardship of aluminium throughout the supply chain. The Chain of Custody Standard...
China’s A00 aluminium ingot price nosedives by RMB980/t M-o-M amid subdued buying sentiment
According to the Shanghai Metals Market, A00 aluminium ingot price has initiated the month, July 1, 2024, with a dip of RMB 40 per tonne, indicating a continued bearish price trend of primary metal across the Chinese domestic market. The reason is the traditional off-season among manufacturing sectors, resulting in poor consumption of aluminium by the downstream plants. Fluctuations were observed throughout the week as there was a strong wait-and-see sentiment among downstream buyers, while sellers remained reluctant to sell, keeping their offers firm. According to SMM, China’s A00 aluminium ingot price on July 1 stood at RMB 20,110 per tonne, down by RMB 150 per tonne from a week ago and RMB 980 per tonne from a month earlier. However, annually, the price is still up by RMB 1,560 per...
LME aluminium price stands 1.35% down W-o-W despite US$27/t of overnight surge; SHFE trends down by US$19/t over a week
On Friday, June 28, LME aluminium cash bid price and LME aluminium official settlement price surged by US$27.50 per tonne and US$27 per tonne, respectively, marking the second consecutive day of rise. The LME graph shows the prices closed the week at US$2,485 per tonne and US$2,485.50 per tonne, which, however, indicated the benchmark price standing 1.35 per cent lower than US$2,452.50 per tonne. On the same day, 3-month bid price and 3-month offer price increased by US$23.50 per tonne, closing the week at US$2,525 per tonne and US$2,526 per tonne, respectively. December-25 bid price and December-25 offer price stood at US$2,668 per tonne and US$2,673 per tonne, mirroring the same growth of US$15 per tonne as the previous day. On June 28, LME aluminium opening stock totalled 1,026,925...
Africa’s primary aluminium production records a 6% M-o-M growth in May 2024 but continues the annual downtrend
In addition to China and the Gulf Cooperation Council, the substantial increase in Africa’s primary aluminium production also bolstered the world’s output significantly in May 2024. According to the International Aluminium Institute’s survey, Africa’s primary aluminium production in May increased by 5.74 per cent month-on-month, exceeding January and March’s output levels. But in contrast, the output on an annual basis edged a decrease of about 5.15 per cent. According to IAI, Africa’s primary aluminium production in May 2024 stood at 129,000 tonnes, compared to 122,000 tonnes in April 2024 and 136,000 tonnes in May 2023. With about a 6 per cent monthly hike, Africa’s primary aluminium production in May emerged as the highest output in the past five months of this year. The daily...
Rio Tinto enhancing low-carbon aluminium production by installing carbon-free electrolysis tanks with ELYSIS technology
Rio Tinto, a British-Australian multinational company and the world’s second largest metals and mining corporation, officially announced on Friday, June 28, that it would deploy carbon-free aluminium electrolysis tanks at a new plant near Arvida aluminium smelter in Quebec, Canada, leveraging ELYSIS technology invented by ground-breaking partnership between Alcoa and Rio Tinto. This move will allow the continued development of the new ELYSIS MD technology while enabling Rio Tinto to hire expertise for installing and operating the technology. The same technology successfully demonstrated at the ELYSIS Industrial Research and Development Center in Saguenay–Lac-Saint-Jean will be implemented at the plant, offering Rio Tinto a learning opportunity about the full industrialization of ELYSIS MD...
Upstream Aluminium Weekly Recap: Sarawak discovers valuable mineral assets; World primary aluminium output achieves a new high
The upstream aluminium sector, encompassing bauxite, alumina, and primary aluminium) recorded some significant milestones this week in terms of production, trading, inventories, and market developments. Some of the key highlights of the week are: China’s 2-year high production, world’s primary aluminium production exceeding 6 million tonnes, Iran’s steady metal output in the first two months of FY2025, Vedanta’s strategic plans to face the EU’s CBAM tariff, Italy’s proposition to enhance procurement and reprocessing of critical raw materials, discovery of valuable minerals in the Malaysian state of Sarawak, and many more. Datuk Amar Awang Tengah Ali Hasan, Deputy Premier of Sarawak, Malaysia, has disclosed that the state possesses valuable minerals estimated at RM1.25 trillion. This...
North America’s aluminium cans market to grow at a CAGR of 3.3% during 2023-32
According to a report, North America’s aluminium cans market is poised to grow at a compound growth rate of 3.3 per cent during 2023-32. Thus, from US$16.4 billion in 2023, North America’s aluminium cans market is expected to reach US$22 billion. Currently, the demand for aluminium cans in North America is primarily driven by the packaging sector for processed and ready-to-eat food products, aerated drinks, fruit juices, and energy drinks. In addition, growing environmental concerns among consumers, turning them to aluminium cans from plastic, are also contributing to the demand growth. Further, the increasing consumption of energy and sports drinks influenced by alluring advertising campaigns by manufacturers is also an important factor behind the growing aluminium cans market in North...
May 2024: World primary aluminium production exceeds 6 million tonnes, driven by China's 2-year high output
In May 2024, the world's primary aluminium production experienced a month-on-month increase of 3.86 per cent to repossess the 6 million tonnes level. This monthly growth in May followed a decline in April by 3 per cent from 6.089 million tonnes to 5.906 million tonnes. According to the latest data revealed by the International Aluminium Institute, the global primary aluminium production in May amounted to 6.134 million tonnes, the highest in the past five months and up 3.44 per cent from 5.93 million tonnes a year ago. The daily average production in May was 197,900 tonnes, an increase of 0.51 per cent from 196,900 tonnes in April and up by 3.45 per cent from 191,300 tonnes in May 2023. From January to May 2024, the world's primary aluminium production totalled 29.901 million tonnes,...
LME aluminium price expands by US$16/t on continued declining stocks; SHFE price shrinks by US$5/t
On Thursday, June 20, three-month LME aluminium contract opened at US$2,493 per tonne, reached a high of US$2,525.50 per tonne and a low of US$2,491 per tonne, and closed at US$2,521 per tonne, up US$31.50 per tonne, an increase of 1.27 per cent. On the same day, LME aluminium cash bid price and LME aluminium official settlement price expanded for the second consecutive day by US$15.50 per tonne and US$16 per tonne, respectively, to stand at US$2,460 per tonne and US$2,461 per tonne. However, despite the back-to-back increase, the LME aluminium benchmark price stood week-on-week down by US$37 per tonne or 1.48 per cent from US$2,498 per tonne and even lower by US$107 per tonne or 4.2 per cent from US$2,568 per tonne. On June 20, 3-month bid price and 3-month offer price also increased,...
