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.
ASI grants Performance Standard Certification to Hindalco’s Renukoot Downstream facility
Aluminium Stewardship Initiative has reportedly acknowledged Hindalco’s Renukoot Downstream facility in Uttar Pradesh against Performance Standard V2 (2017) Certification 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. The ASI Performance Standard V2 (2017) certification defines environmental, social and governance principles, with 59 criteria addressing key issues like biodiversity, labour rights, indigenous people rights, and greenhouse gas emissions. Hindalco acquired the certification after completing an independent, third-party audit with CETIZION Verifica....
3Q2023: Rio Tinto’s aluminium output grows 9% Y-o-Y owing to Kitimat smelter’s full capacity operations
Rio Tinto announced another quarter of progress from July to September 2023. In the Q3 production report, the company revealed that its aluminium output stood at 828,000 tonnes, registering a 2 per cent rise Q-o-Q and a 9 per cent hike Y-o-Y, backed by the full capacity operations at Kitimat smelter and completed cell recovery efforts at Boyne smelter. Other smelters also demonstrated steady operations, resulting in higher aluminium production. Rio Tinto's cumulative aluminium production in nine months of the year amounted to 2.43 million tonnes, up by 9 per cent Y-o-Y. On the minerals front, the company's bauxite production clocked a rise of 3 per cent Q-o-Q and 2 per cent Y-o-Y to come in at 13.9 million tonnes, owing to a 6 per cent growth in shipments to third parties. Steady...
Aluminium Asssociation urgently asks for RoDTEP rates for SEZs and EOUs
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 special economic zones and export oriented units (EOUs) under the RoDTEP scheme. The Association suggests that once the RoDTEP rates are declared for SEZs and EOUs, the country will start seeing improvements in the domestic industry and experience enhanced exports. RoDTEP stands for The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, introduced by the government to neutralize the taxes and duties levied on exported goods that used to be otherwise not credited or remitted or refunded in any manner at the centre, state, or local level. This scheme came into effect in September 2021. "While...
Nanshan Aluminium to spin-off Indonesian business, leading Nanshan International to emerge as a separate entity
Shandong Nanshan Aluminium Co. Ltd., a China-based company engaged in manufacturing and distributing aluminium products, will demerge its Indonesian business and enlist it to the Hong Kong stock exchange to ensure fetching finances for its future development. The news came on October 13 when Nanshan Aluminium announced that it might list Nanshan Aluminium Investment on the main board of the Hong Kong Stock Exchange. However, the company also said that it would retain control over it. Nanshan International’s core assets, located in the industrial part of Bintan Island in Indonesia’s Galang Batang Special Economic Zone, will be engaged in alumina processing, production, and sales, said Nanshan Aluminium in a preliminary prospectus document for Hong Kong listing. To develop deep processing...
Chinalco promotes “Five Standards and One Control” management model for electrolytic aluminium enterprises
According to a recent report, Chinalco conducted a promotion meeting of the “Five Standards and One Control” management model in its Liancheng Branch. The company summed up the management model in electrolytic aluminium business units, based on the current situation of the industry. After an extensive on-site study, experience sharing and discussion, Chinalco further clarified the concept of “Five Standards and One Control” management model and promoted it to improve the quality of electrolytic aluminium business units, empowering the high-quality development. The meeting was attended by many electrolytic aluminium enterprises, whereby the Liacheng branch of Chinalco and ten other enterprises shared their views and experiences. Zhengzhou Research Institute made a special report on the...
Downstream weekly recap: Vietnam to carry out anti-dumping investigation on Chinese aluminium; Novelis rules out Russian aluminium
The downstream aluminium market saw an eventful week from October 9 to 13, with Vietnam initiating its first anti-dumping sunset review on Chinese aluminium profiles, Novelis Europe ruling out Russian aluminium from the metal supply tender, Airbus renewing its supplying contract with AMAG, and so on and so forth. The Ministry of Industry and Trade of Vietnam issued Notice No. 2537/QD-BCT on October 3, 2023, to commence implementing the first anti-dumping sunset review investigating aluminium profiles originating from the People's Republic of China. The specific Vietnamese tax codes associated with the products under investigation are 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10 and 7604.29.90. To know more: https://bitly.ws/Xg2K At LME Week, Novelis Europe announced to rule out Russian...
Alumina output in Europe gains 2,000 tonnes in August 2023, marking second consecutive month of rise
Alumina production in Europe, including Russia, recorded a slight rise of 2,000 tonnes to reach 551,000 tonnes during August 2023, found the International Aluminium Institute. According to IAI data, the output moved up for the second month in a row, following an increase of 24,000 tonnes or 4.57 per cent to 549,000 tonnes in July from 525,000 tonnes in June. For the first time this year, alumina output in Europe, including Russia, flaunted a back-to-back rise for the second month. However, on a year-on-year calculation, alumina production in Europe (incl. Russia) during August 2023 registered a sharp fall of 109,000 tonnes or 16.52 per cent from 660,000 tonnes. Daily average alumina production in Europe (incl. Russia) was 17,800 tonnes in August 2023, down by 100 tonnes from 17,700 tonnes...
First phase of Xinran aluminium profile project comes into operation in Lingbi County, China
According to a recent report, a Chinese city, Lingbi County in Suzhou, Anhui, has witnessed the commencement of the first phase of Xinran aluminium profile project, which is believed to boost the development of the city with new job opportunities and power industry by creating a need for energy. The project has involved a total investment of RMB 5.3 billion. The production workshop manufactures aluminium profiles by extruding round aluminium rods through a hot extrusion machine. New energy auto parts, photovoltaic modules, construction, and other industries are the key areas where aluminum profiles are used widely. Lingbi County Xinran aluminium profile project, funded by Anhui Xinran New Material Co., Ltd., is built over 900 mu of land. It has 105 aluminium profile production lines and...
US records second month decline of aluminium plates, sheets and bars exports for July’23
The United States aluminium plates, sheets and bars exports continued to shrink month-on-month during July 2023 by 6,600 tonnes or 9.43 per cent to stand at 63,400 tonnes, found the US Geological Survey. The export volume decreased for the second month in a row as the United States exported 70,000 tonnes in June compared to 72,300 tonnes in the previous month. On a year-on-year calculation, the United States aluminium plates, sheets and bars exports in July 2023 flaunted a hike of 62.72 per cent from 37,800 tonnes. From January to July 2023, the United States exports totalled 461,000 tonnes, up by 79.38 per cent from 257,000 tonnes during the corresponding period of the previous year. The United States exported 28,200 tonnes of aluminium plates, sheets and bars to Canada during July 2023...
China’s Sept’23 aluminium production stumbles by 2.8% M-o-M but daily output grows 554 tonnes
China’s domestic aluminium production in September 2023 was recorded at 3.523 million tonnes, marking a year-on-year increase of 5 per cent but a month-on-month fall of 2.76 per cent. However, the daily average production grew over a month by 554 tonnes to 117,400 tonnes in September 2023. From January to September 2023, China’s cumulative aluminium production stood at 30.822 million tonnes – 3.13 per cent more Y-o-Y. Shanghai Metals Market survey found the overall domestic primary aluminium operations were stable in September, with alloying ratios in some plants showing an upward adjustment. The proportion of liquid aluminium output grew by 0.4 per cent M-o-M and 4.9 percent Y-o-Y to around 73.2 per cent. There was a slight rise in China’s aluminium operating capacity in September 2023,...
Russian aluminium stocks share in LME warehouses shrink to 76% during Sept’23
According to a report on Tuesday, October 10, the share of Russian aluminium stocks in London Metal Exchange-approved warehouses fell to 76 per cent in September 2023 from 81 per cent in August. The actual amount of Russian stocks on the LME warrant decreased from 183,650 tonnes in August to 132,475 tonnes in September. Aluminium stocks available to the market in LME-registered warehouses are referred to as on-warrant. Last month saw the highest decline of Russian aluminium stocks in LME-registered warehouses since the beginning of this year due to a significant cancellation of warrants in LME warehouses in South Korea's Gwangyang at the end of the said month. The high share of Russian aluminium in LME warehouses was a concern for many companies competing with Rusal and those avoiding...
China’s Sept'23 alumina output affected by 4% due to bauxite shortage and maintenance work
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production in September 2023 (30 days) recorded a decline of 4.06 per cent month-on-month to 6.732 million tonnes. Daily output also registered a fall from the previous month to stand at 224,400 tonnes, unlike the earlier estimation of 229,000 tonnes for the said month. Part production shutdown in Guangxi because of the bauxite supply shortage was one of the reasons for the output decline in September. Maintenance at some refineries in Shandong and Shanxi also affected operating rates, leading to lower daily production. In Shanxi, the operating rate in September was 72.8 per cent, down by 0.4 per cent M-o-M, owing to line maintenance at some refineries. However, a new capacity in Shanxi with 500,000 tonnes...
China’s aluminium ingot inventories mount to 631,000 tonnes over the Mid-Autumn Festival holiday
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot recorded a significant rise across the eight major consumption areas, including SHFE warrants, as the market resumed on October 7 from a week-long Mid-Autumn Festival holiday. On October 7, the inventories stood at 582,000 tonnes, up by 86,000 tonnes or 17.34 per cent from 496,000 tonnes on September 28. In the next two days, the stocks rose further by 49,000 tonnes or 8.42 per cent to peg at 631,000 tonnes as of October 9. This inventory surge could be attributed to stable operating rates at domestic aluminium smelters. There were pre-holiday rumours that aluminium production could slow down in Yunnan at the beginning of Q4 2023, but according to SMM research so far, the operating rate of...
Alliance between Novelis and Southern Company aims to decarbonise aluminum production in North America
Novelis Inc., the world's leading sustainable aluminium solutions provider, has reportedly collaborated with Southern Company to take initiatives to achieve decarbonisation of aluminium production across North America. Southern Company, headquartered in Atlanta, is a reputed producer of clean, safe, reliable and affordable energy. The partnership will start with Novelis' new Bay Minette aluminium recycling and rolling plant through a win-win mutual settlement. As per the terms, Novelis will support Southern Company's subsidiary Alabama Power in developing two new 80-megawatt solar power generation plants in Alabama, which, in return, will provide renewable energy to Novelis' new Bay Minette aluminium recycling and rolling plant. Once this new plant comes into operation, it will help meet...
Metra S.p.A. acquires Michigan-based recycled-content aluminium producer Extruded Aluminium Corp.
Metra S.p.A., the Italy-based manufacturer of vertically-integrated complex extruded aluminium profiles, has reportedly completed the acquisition of Extruded Aluminium Corp. (EAC), Michigan-based recycled-content aluminium producer, and its affiliated company Belding Machinery and Equipment Leasing LLC. The news came after Metra CEO Enrico Zempedri officially announced the acquisition completion, saying: “The acquisition of EAC marks a significant milestone for Metra as it accelerates our geographic expansion within North America and continues our end-market diversification strategy, including entry into the high growth North American utility grade solar industry.” However, while announcing the news, Metra did not disclose the financial terms of the transaction. Belding Machinery, an...
Novelis Europe rules out Russian aluminium from metal supply tender 2024
At the London Metals Exchange industry gathering known as LME Week, Novelis Europe announced debarring Russian aluminium from its metal supply tender 2024. It is when the industry people – consumers, producers, and traders come together to buy and sell aluminium for 2024. Emilio Braghi, executive vice president and president of Novelis Europe, said: "We are excluding Russian sources in our 2024 tender to supply aluminium to our Novelis plants in Europe" Novelis currently buys some aluminium from Rusal under contracts signed before the Russia-Ukraine conflict. But since the geo-political war began, the former restrained itself from entering into new deals with the latter for aluminium, said Novelis' CEO in August. "Novelis Europe has been fulfilling some remaining contractual obligations...
Introducing Vedanta Aluminium Metal, a new wholly-owned subsidiary of Vedanta’s aluminium business
On Friday, October 6, mining company Vedanta Limited formed a new wholly-owned subsidiary for its aluminium business named Vedanta Aluminium Metal. Registered in Maharashtra, India, the newly incorporated subsidiary will have authorised and subscribed capital of INR 1,00,000, representing a share of Re 1 each. This move is part of the implementation of demerging and separately listing business units into independent “pure play” companies on September 29. The objective is to attract investments into the expansion and growth of each of the business units. Vedanta will create six companies, each as big as the parent firm, Vedanta Resources. Shareholders owning one share of Vedanta Limited will receive an additional one share of each listed company. Vedanta Limited Board already approved late...
LME aluminium price recovers US$12.5/t to settle at US$2208/t; SHFE price resumes market with a 1.15% decline
The three-month LME aluminum opened at US$2,232 per tonne, with high and low at US$2,248 per tonne and US$2,222.50 per tonne, respectively, before closing at US$2,246 per tonne, up by $14 per tonne or 0.63 per cent. On Friday, October 6, the LME aluminium cash bid price rose by US$12 per tonne to stand at US$2,207 per tonne and the LME aluminium official settlement price increased by US$12.50 per tonne to come in at US$2,208 per tonne, following a fall of US$35.50 per tonne on the previous day. The 3-month bid price and 3-month offer price grew by US$7 per tonne and US$6 per tonne, respectively, to come in at US$2,238 per tonne andUS$2,239 per tonne, as of October 6. December 24 bid price and December 24 offer price settled at US$2,370 per tonne and US$2,375 per tonne, up by US$2 per...
