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.
Alimex gets ASI Performance Standard V3 Certification for producing aluminium cast plates
Alimex GmbH Precision, an inventor and producer of aluminium cast plates, has acquired Performance Standard V3 (2022) Certification from the Aluminium Stewardship Initiative. The company has bagged the certification for producing high-precision components, surface machining of rolled plates and distribution, and machining semi-finished products at its facility in Willich facility, Germany. Alimex's products serve industries like electronics, laser, packaging, medical technology, mechanical engineering, automotive, semiconductor, and solar. The ASI Performance Standard V3 (2022) was launched in May 2022 after several rounds of revision through multiple years. It defines 11 principles and 62 criteria under three sustainability pillars – Environment, Social, and Governance, aiming to address...
LME aluminium price picks up US$2/t after a fall to reach US$2146.5/t; SHFE price heightens by 1.24%
Three-month LME aluminum opened at US$2,178 per tonne last evening and closed at US$2,206 per tonne, a rise of US$30 per tonne or 1.38 per cent. On Tuesday, October 24, LME aluminium cash bid price and LME aluminium official settlement price grew by US$2 per tonne, following a fall of US$7.5 per tonne on the previous day. Thus, the prices stand at US$2,146 per tonne and US$2,146.50 per tonne. However, on the other hand, 3-month bid price and 3-month offer price decreased by US$0.50 per tonne and US$2 per tonne to peg at US$2,171.50 per tonne and US$2,172 per tonne, respectively. December 24 bid price and December 24 offer price also dipped by US$1 per tonne on October 24 to stand at US$2,292 per tonne and US$2,297 per tonne. LME aluminium opening stock also fell by 2,000 tonnes from the...
Alumina price in Henan exceeds RMB3000/t level with a gain of RMB10/t
According to the Shanghai Metals Market, the average alumina spot price has continued to increase by RMB 8 per tonne on Wednesday, October 25, to stand at RMB 3,009 per tonne. In Henan, the alumina price has built up RMB 10 per tonne to settle at RMB 3,010 per tonne, following a restraint at RMB 3,000 per tonne from October 19 to 24. Shanxi and Guizhou have also witnessed a rise of RMB 10 per tonne in alumina spot price to peg at RMB 3,025 per tonne and RMB 3,005 per tonne, respectively, learned SMM. Australian alumina FOB price has continued to stay muted at US$337 per tonne for about a week. Among other primary aluminium input costs, aluminium powder price has grown by RMB 0.2 per kg to stand at RMB 21.4 per kg, with average prices estimated at RMB 21.3-21.5 per kg. China’s imported...
US aluminium plates, sheets and bars exports to Mexico extend M-o-M fall by 5.36%
According to the US Geological survey, the United States aluminium plates, sheets and bars exports to Mexico stood at 24,700 tonnes during July 2023, recording a month-on-month fall of 5.36 per cent from 26,100 tonnes. The export in July marked a fall for the second month in a row. In June, the export volume stood 10.92 per cent lower than 29,300 tonnes in May. On a year-on-year calculation, the United States aluminium plates, sheets and bars exports to Mexico during July 2023 reflected an increase of 69.18 per cent from 14,600 tonnes, found USGS data. From January to July 2023, the United States exported 175,000 tonnes of aluminium plates, sheets and bars to Mexico versus 88,000 tonnes during the corresponding period of the previous year. In July 2023, the United States total exports of...
South32 Worsley Alumina joins ASI as new Production and Transformation member
On Friday, October 20, Aluminium Stewardship Initiative announced the joining of South32 Worsley Alumina as new Production and Transformation member. Worsley Alumina is an integrated bauxite mining and alumina refining operation in the South West of Western Australia. The company began its operations in 1984 and over the year earned recognition as one of the largest alumina refineries in the world. Worsley Alumina mines bauxite in the south-west of Australia and transport it on an overland conveyor belt to a refinery where the bauxite is processed into alumina. Alumina is then shipped to smelters around the world, including South32’s Hillside and Mozal aluminium smelters in Southern Africa. Worsley Alumina has a significant contribution in shaping up the economy of the South West of...
World primary aluminium production declines 3% M-o-M in Sept’23 but rejuvenates over a year
World’s primary aluminium production in September 2023 amounted to 5.871 million tonnes, reflecting a month-on-month fall of 2.97 per cent from 6.051 million tonnes, found the International Aluminium Institute. The output fell after two consecutive months of rise. The last downfall in world’s primary aluminium production was in June when it declined by 3.02 per cent from 5.922 million tonnes to 5.743 million tonnes. On a year-on-year calculation, world’s September primary aluminium output stood 1.91 per cent lower than 5.716 million tonnes. The daily average production in the said month was 195,700 tonnes, down by 500 tonnes from 195,200 tonnes a month ago but up by 5,200 tonnes from 190,500 tonnes a year earlier. World’s total production of primary aluminium during January-September 2023...
China’s alumina price marks 7th consecutive rise nearing RMB 3000/t; A00 aluminium ingot price shrinks by RMB160/t
According to the Shanghai Metals Market, the average alumina spot price has started the week on October 23 with a growth of RMB 5 per tonne to settle at RMB 2,998 per tonne. This marks the 7 th consecutive rise of China’s alumina spot price. In Guizhou, the alumina spot price has grown significantly by RMB 20 per tonne to stand at RMB 2,990 per tonne, while the price in Shandong, Shanxi, and Guangxi has increased by RMB 10 per tonne to RMB 2,980 per tonne, RMB 3,010 per tonne, and RMB 3,015 per tonne, respectively. However, the Australian alumina FOB price has remained restrained at US$337 per tonne. The imported bauxite price has dipped by US$0.08 per tonne to stand at US$69.83 per tonne. However, the domestic price in China has recorded no change from RMB 615 per tonne. A00 aluminium...
LME aluminium price grows by US$1.5/t to settle at US$2152/t; SHFE slips marginally to US$2594/t
LME aluminum opened at US$2,188 per tonne last Friday, with its low and high at US$2,169 per tonne and US$2,190.50 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Friday, October 22, LME aluminium cash bid price and LME aluminium official settlement price grew slightly by US$1 per tonne and US$1.50 per tonne, respectively, to stand at US$2,151 per tonne and US$2,152 per tonne. 3-month bid price and 3-month offer price inched up by US$0.50 per tonne and US$1 per tonne to peg at US$2,177 per tonne and US$2,178 per tonne. December-24 bid price and December-24 offer price rose by US$3 per tonne to close the week at US$2,303 per tonne and US$2,308 per tonne. LME aluminium opening stock dropped 2,000 tonnes to settle at 488,450...
Downstream weekly recap: AAI asks for RoDTEP rates for aluminium SEZs and EOUs; thyssenkrupp renews aluminium supply contract with Boeing
The downstream aluminium industry was spotted with multiple affairs this week from October 16 to 20. While EOS launched its new Aluminum Al5X1 aluminium alloy, Novelis received a sum of $5 million from the Alabama Industrial Access Road and Bridge Corporation under ALDOT's administration for revamping the South Alabama Megasite. On the other hand, Aluminium Association of India (AAI) requested the government to provide rates for aluminium special economic zones and export oriented units (EOUs) under the RoDTEP scheme and thyssenkrupp Aerospace renewed aluminium components supply contract to the Boeing Company. Aluminium Association of India (AAI), an apex body representing the entire value chain of the Indian aluminium industry, has requested the government to provide rates for aluminium...
Sustainability Recap: ASI certifies Hindalco’s Renukoot downstream facility; Volvo & Audi strive to reduce Co2 emissions from operations
There is no end to sustainable moves in the global aluminium industry. This week has witnessed ASI certifications granted to many companies, alongside automobile giants striving to achieve production chain decarbonisation, and institutions collaborating with metal and mining companies to drive a long-term research on ESG. According to a report on Tuesday, October 17, Aluminium Stewardship Initiative granted Performance Standard V2 (2017) certification to Hindalco’s Renukoot downstream facility in Uttar Pradesh for remelting and refining activities, casthouses, and semi-fabrication. The facility manufactures aluminium ingots, wire rods, and rolled and extruded products destined for diverse industries, including building and construction, transportation, and industrial applications....
Gränges Konin SA meets its goal of acquiring ASI certification for all its rolling and recycling sites
Aluminium Stewardship Initiative has reportedly certified Gränges Konin SA with dual certification. As per the report on October 20, ASI has acknowledged the company with both the Performance Standard V3 (2022) and Chain of Custody (CoC) Standard V2 (2022) certifications for designing and manufacturing rolled aluminium strips and sheets at Gränges Konin SA facility in Konin, Poland. This certification marks the completion of Granges’ goal of achieving certification at all its aluminium rolling and recycling sites. Gränges Konin SA manufactures heat exchanger materials, construction sheets, battery casing materials, closure & packaging materials, and common alloys that serve various industries, including building & construction, automotive, packaging and consumer electronics. The company...
LME aluminium price loses US$26/t to settle at US$2178.5/t; SHFE price dips by only US$1/t
LME aluminum opened at US$2,193.50 per tonne on Thursday, with its high and low at US$2,195.50 per tonne and US$2,178.50 per tonne, respectively, before closing at US$2,190.50 per tonne, an increase of US$1.5 per tonne or 0.07 per cent. On Thursday, October 19, LME aluminium cash bid price and LME aluminium offer settlement price suffered a loss of US$26 per tonne to stand at US$2,150 per tonne and US$2,150.50 per tonne, respectively, following an intermittent hike of US$28 per tonne to US$2,176 per tonne and US$2,176.50 per tonne. 3-month bid price and 3-month offer price settled at US$2,176.50 per tonne and US$2,177 per tonne, down by US$8.50 per tonne from US$2,185 per tonne and US$2,185.50 per tonne. December-24 bid price and December-24 offer price also registered a downfall on...
China’s aluminium billet inventories reflect a W-o-W drop of 5,600 tonnes on Oct. 19
According to the Shanghai Metals Market, China’s social inventories of aluminium billet stands at 107,200 tonnes as of Thursday, October 19, reflecting a week-on-week fall of 5,600 tonnes from 112,800 tonnes. From Monday, October 16, inventories fell by 3,000 tonnes from 110,200 tonnes. The fall in inventories this week could be attributed to higher consumption and slower arrivals of stocks to warehouses. To know the current status of aluminium billet inventories across China, refer to the chart below: As the above chart indicates, aluminium billet inventories in Foshan and Huzhou have experienced a fall of 2,000 tonnes to stand at 47,700 tonnes and 22,000 tonnes, respectively, on October 19. In Wuxi and Nanchang, inventories have dropped by 1,300 tonnes and 1,000 tonnes, respectively, to...
US aluminium scrap exports decline for the second month in a row by 4% during July’23
The United States aluminium scrap exports in July 2023 were recorded at 173,000 tonnes, down by 7,000 tonnes or 4 per cent from 180,000 tonnes in June, found the US Geological Survey. In June, the export stood at 180,000 tonnes, reflecting a plunge of 16,000 tonnes or 8.16 per cent from 196,000 tonnes in May. Thus, the United States aluminium scrap exports marked two consecutive months of fall after a hike in May by 17.37 per cent from 167,000 tonnes in the previous month. On a year-on-year calculation, the US aluminium scrap exports in July registered a hike of 11.61 per cent from 155,000 tonnes. In the first seven months of the year, the United States exported 1.21 million tonnes of aluminium scrap – 4.3 per cent more than 1.16 million tonnes than a year ago. To India, the US exported...
New alumina projects and expansions in 2023 to reshape the global aluminium landscape
Aluminium oxide, popularly known as alumina, is a direct resource of primary aluminium production. With the passage of time, as aluminium demand is rising, a timely need for alumina is being increasingly felt. The potentiality of the alumina market is mammoth, with an estimated growth rate of CAGR 5.89 per cent. Many market studies show that the alumina market size will most likely grow from US$48.22 billion in 2022 to US$72 billion in 2030. To tap this market, many new projects and expansions are underway. This article will explore some of them that started this year. Iran-China ties to start off alumina production : At the beginning of 2023, a report came from an official that Iran began the research to discover the possibility of producing 500,000 tonnes of alumina annually from...
Alba records zero heat-related illnesses for 2023; their heat stress management pays off
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest and smartest smelters, has recorded zero heat-related illnesses and injuries across its operations for the seventh consecutive year in 2023. This is regarded as a remarkable achievement in the aluminium industry. Alba took various means to keep its employees and contractors safe during the challenging summer. They introduced hydration surveys, conducted heat awareness sessions and workshops, distributed cooling cloths to personnel to keep their body temperature cool in hot environments, and administered plant-wide summer safety campaigns and mini-safety campaigns throughout the year. In addition, Alba kept sharing Wet Bulb Globe Temperature (WBGT) index management and communication four times a day during the hot summer months to...
Primary aluminium production in GCC marks a 1% rise Y-o-Y to 4.07 Mt during Jan-Aug’23
Aluminium has been one of the key industries in the Gulf Cooperation Council since Manama commissioned the 12,000 tonnes a year of Aluminium Bahrain (Alba) smelter with a diversification agenda. The GCC has benefitted heavily from low-priced energy, which is otherwise cost-intensive for aluminium production. Over the years, Alba has become one of the world's biggest and smartest aluminium producers, with several significant expansions and revamps. In parallel with Alba, more aluminium producers have emerged over the years and achieved important milestones as a result of robust investments by other GCC countries. In the first eight months of 2023, the Gulf Cooperation Council has produced 4.07 million tonnes of primary aluminium, standing only behind China and Europe. The output stood 0.74...
China’s domestic aluminium smelters experience narrow profitability due to cost hike
Last week till October 12, Shanghai Metals Market observed a rise in domestic aluminium spot cost backed by a strong performance of the alumina spot market. There was also a minor increase in power cost as captive power plants of mainstream aluminium smelters raised bid prices for coal purchases. Electricity prices in the southwest region also grew, causing a rise in the average electricity cost of domestic aluminium by RMB 0.006 per kWh to RMB 0.413 kWh. Thus, the domestic aluminium cost grew by RMB 130 per tonne from the pre-holiday level to around RMB 16,151 per tonne. Meanwhile, the aluminium spot price fell back-to-back for four days, resulting in an immediate profit fall for smelters. On October 12, the domestic aluminium spot price was RMB 19,250 per tonne and the average spot...
