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 price in Shanxi flaunts a rise of RMB10/t after two months; Alumina price resumes from a week-long break with an RMB8/t hike
China’s primary aluminium input prices have resumed the market from a week-long Mid-Autumn Festival and National Day Holiday on a high note. After remaining restrained for almost two months, China’s domestic bauxite prices have recorded a rise, particularly bauxite (4.5≤Al/Si＜5.5) Shanxi and bauxite (4.5≤Al/Si＜5.5) Henan, according to the Shanghai Metals Market. As of Monday, October 9, the former has increased by RMB 10 per tonne to stand at RMB 490 per tonne, and the latter has grown by RMB 5 per tonne to peg at RMB 500 per tonne. The average prices of the former are likely to range between RMB 480-500 per tonne, while that of the latter is estimated to hover around RMB 490-510 per tonne. The imported bauxite price has marked a rise of US$1.29 per tonne on October 9 to start the week at...
LME aluminium price attains US$2300/t level in Sep'23 after over 3 months; short-term future looks bullish due to year-end restocking
The benchmark aluminium price on the London Metal Exchange in September 2023 recorded an increase of US$123.50 per tonne or 5.65 per cent to reach US$2,307.50 per tonne. The price started flaunting a steady growth towards the second half of the month compared to the initial days. After initiating the month on September 1 at US$2,184 per tonne, the LME aluminium benchmark price dwindled the next two days by US$47.50 per tonne to stand at US$2,136.50 per tonne as of September 5. The price grew intermittently on September 6 to US$2,158 per tonne before declining further to US$2,132.50 per tonne as of September 8. From September 11, the LME aluminium price started growing steadily from US$2,154 per tonne, with a few intermittent declines. At the end of September 2023, the LME aluminium...
Rusal confirms no injury or damage caused by the fire breakout at Krasnoyarsk Aluminium Smelter
Rusal confirmed on October 5 that its Krasnoyarsk Aluminium Smelter remained unaffected despite a significant blaze erupted at the facility spanning over 21,528 square feet. Krasnoyarsk Smelter is one of the largest smelters in the world and a key site where Rusal introduces cutting-edge technologies. It is the only smelter in Russia that produces high-purity aluminium. Thanks to the prompt action of firefighters to combat the flame, no injury or damage occurred due to the incident. On October 4, the Russian Ministry of Emergency Situations ensured the fire did not spread to nearby structures. TASS, a state-owned Russian news agency, detailed the incident, stating that pallets immersed in flames covered an area of 21,528 square feet, and a production building took up an additional 2,153...
Vedanta launches a new range of aluminium wire rods with higher strength and durability at CWF2023
Vedanta Aluminium has reportedly brought a new range of advanced wire rods to expand premium offerings for the global power and transmission sector. The new range of wire rods includes T4, AL59, and the 8xxx series, launched on the inaugural day of the Cable & Wire Fair 2023 (CWF2023) in New Delhi. Manufactured by state-of-the-art continuous casting technology, Vedanta’s new range of wire rods are fit for the applications in automotive, building, infrastructure, and electronics. The T4 alloy rod is perfect for the use in high-voltage transmission grids and in the manufacture of optical fibre composite overhead wires, offering the benefits of low-sag high strength and enhanced durability. The AL59 alloy rod boasts a higher strength-to-weight ratio, superior power evacuation, and a...
GUNNA’s new aluminium bottled lemonades are now available in 80 Co-op stores across the UK
According to a recent report, GUNNA Drinks has shelved its new aluminium bottled lemonades in Co-op stores across the Mid Counties of the United Kingdom. From October 1, consumers visiting Co-op stores are able to buy GUNNA Drinks lemonades packed in 500ml aluminium bottles. The bottles are currently available in 80 stores across the UK. In the coming months, they will be on shelves in 40 more stores. Owing to aluminium packaging, the bottles are infinitely recyclable and filled with goodness of nutrition. Hence, the drinks are aligned with the two biggest consumers' demands – wellness and environment-friendliness. GUNNA first launched these immunity-boosting lemonades in July 2023, packaged in enticing bottles to make them appealing to shoppers. GUNNA has shifted its packaging from...
North America’s primary aluminium production in Aug’23 marked a 9% hike Y-o-Y; daily output stood 900 tonnes higher
Primary aluminium production in North America during August 2023 stood at 332,000 tonnes, reflecting a slight increase of 2,000 tonnes or 0.60 per cent month-on-month, found the International Aluminium Institute. The output growth extended in August but at a slower rate compared to 2.80 per cent in the previous month. In July, North America’s primary aluminium production was recorded at 330,000 tonnes versus 321,000 tonnes in June. On a year-on-year calculation, primary aluminium output in North America edged a hike of 8.85 per cent from 305,000 tonnes, showed IAI. The daily average production was 10,700 tonnes in August 2023, up by only 100 tonnes from 10,600 tonnes in July, and 900 tonnes higher than 9,800 tonnes in August 2022. In the first eight months of the year, North America’s...
Hydro Energi to source renewable power from Fortum for secured low-carbon aluminium production
Hydro Energi AS, a core part of Norsk Hydro, has reportedly inked a long-term power purchase contract with Fortum, a Nordic energy company. As per the agreement, the latter will supply 0.44 TWh per year of energy to Hydro’s Norwegian aluminium plants, with effect from 2024. It is a 13-year contract and hence will remain valid till 2036. Over this period, Fortum will supply 5.7 TWh of power to Hydro’s plants in price area NO3. Fortum is known for producing the cleanest energy in Europe, with action plans guided by ambitious environmental targets. Long-term renewable energy agreements are crucial for Hydro to continue producing low-carbon aluminium. Renewable power is key to produce aluminium in Norway with 75 per cent less carbon footprint than the global average. It will also help Hydro...
US primary aluminium output in July 2023 rebounds to 64,000 tonnes to match the previous year’s level
In July 2023, the United States domestic primary aluminium production amounted to 64,000 tonnes, up by 2,000 tonnes or 3.23 per cent month-on-month, found the US Census Bureau data. However, the output increased in July following a drop of 4.62 per cent in June from 65,000 tonnes to 62,000 tonnes. On a year-on-year calculation, the United States primary aluminium production during July 2023 stood restrained at 64,000 tonnes, showed USGS. The average daily production in July was recorded at 2,060 tonnes, essentially unchanged compared to 2,080 tonnes a month ago and 2,070 tonnes a year earlier. Total aluminium recovered from scrap in July 2023 was 274,000 tonnes – 2.84 per cent less than 282,000 tonnes in June and 3.52 per cent down from 284,000 tonnes in July 2022. Of the total scrap...
Top 5 aluminium recycling companies that are currently leading the global market
Infinitely recyclable without losing the original properties is what makes the metal aluminium popular worldwide across multiple industries. According to AL Circle’s recently released report: “ Global Aluminium Industry: Key Trends to 2030 ”, the world recycled aluminium usage stood at 27.1 million tonnes in 2022 and is expected to grow to record more than 28 million tonnes in 2023. End-user sectors like packaging, automotive, construction, and electronics primarily drive the global recycled aluminium consumption. Aluminium scrap is recycled to produce secondary aluminium and subsequently new aluminium products. It is evident that the countries that consume the highest amount of aluminium are the countries that generate the largest volume of scrap. North America, Europe, and Asia-Pacific...
Hindalco’s Kuppam Works gets ASI’s CoC Standard certification for the second time for producing aluminium extrusion profiles
Aluminium Stewardship Initiative has reportedly certified Hindalco Industries Limited’s Kuppam Works plant in Andhra Pradesh, India, against Chain of Custody (CoC) Standard V1 (2017) certification. The plant has achieved ASI’s CoC certification for the second time. In August 2023, the facility bagged ASI Performance Standard certification. Hindalco’s Kuppam Works plant manufactures value-added aluminium extrusion profiles. It has a capacity of 15,000 tonnes of aluminium alloy extruded products per annum. Kuppam Works facility got the certification after undergoing a stringent, independent, third-party audit by CETIZION Verifica. The audit occurred before May 31, 2023; thus, the plant received Chain of Custody Standard V1 certification. The ASI CoC Standard V1 certification sets out...
Saudi Arabia to establish a world-class aluminium die-casting facility; teams up with Hinks Gardener for market research
Saudi Arabia will house a world-class aluminium die-casting facility to cater to the growing electric vehicle and general engineering market. The Kingdom has already outsourced the marketing study project to Hinks Gardener, a leading Mid-Level marketing research and consulting firm. The marketing study project, valued at $10-15 million, includes analysing Saudi Arabia’s and overseas market landscape of aluminium castings, delving deep into the burgeoning EV Sector, and evaluating Long Term Tie Ups and Growth Potential, especially in North America and GCC region. The objectives of the market study are – 1) identifying market trends, consumer behaviour, and emerging opportunities in the North America and GCC market, 2) spotting key competitors and their market share and strategies, 3)...
Iran’s alumina output during March 21-August 22 stands close to 1 lakh tonnes
Alumina production in Iran recorded a 1 per cent rise during the first five months of the Iranian calendar year (March 21-August 22). According to the Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, Iran produced 99,473 tonnes of alumina during the said period compared to 98,169 tonnes a year ago. In the first four months till July 22, Iran’s production of the ore stood at 82,548 tonnes, up 2 per cent year-on-year from 80,896 tonnes. In the previous calendar year 1401, Iran generated 225,942 tonnes of alumina powder, reflecting a 2 per cent drop from the earlier year. Alumina is a critical raw material for producing primary aluminium. The ore is also used for industrial applications, in the form of construction materials, filling materials, and abrasives and...
Rusal’s Krasnoyarsk Aluminium Smelter has caught fire
Rusal-owned Krasnoyarsk Aluminium Smelter reportedly caught fire on Wednesday, October 4. At 8:57 am (0157 GMT), a fire breakout was reported on the territory of the KrAZ (Krasnoyarsk Aluminium Smelter). The news came after Russia’s TASS state news agency said, citing the officials, “A transformer caught fire on an area of 50 square metres (538 square feet)." According to the emergency officials, there are no casualties so far. It was immediately not known what caused the fire. The Krasnoyarsk Smelter can produce 1 million tonnes of aluminium annually, leveraging EcoSoderberg technology. In mid-2020, Rusal retrofitted the smelter with EcoSoderberg technology . That required a modification of the total 1954 reduction cells to be able to use the EcoSoderberg technology, the best-known...
Vedanta’s aluminium production repeats 2% Y-o-Y growth rate in Q2 FY2024; Shares rebound on demerger plans
Vedanta Limited, an Indian multinational mining company, has announced its metal output report for the second quarter of FY2023-24 ended September 30. As per the report, Vedanta produced 594,000 tonnes of aluminium compared to 579,000 tonnes in the June quarter . That reflected a sequential rise of 2.59 per cent in Vedanta's aluminium production during Q2 FY2024. On a year-on-year calculation, the company's aluminium output in Q2 edged an increase of 2 per cent, similar to the annual growth rate in Q1. Lower production cost, as was stated by Vedanta in Q1 report, could be attributed to the continuous rise in its aluminium output volume. Combining the output in Q1 and Q2, Vedanta's total aluminium production amassed at 1.173 million tonnes. Vedanta's Q2 production report also showed that...
US aluminium crude metals and alloys imports from UAE jump 60% Y-o-Y in H1, marking steady procurements
The United States aluminium crude metals and alloys imports from the United Arab Emirates in the first half of 2023 amounted to 308,000 tonnes, registering a jump of 60.42 per cent from 192,000 tonnes during the corresponding period of the previous year. As the above graph indicates, the United States aluminium crude metals and alloys imports from the UAE started growing from March 2023 after a dip in the prior month and continued expanding until June 2023. According to the USGS data, the United States imported 30,400 tonnes of the product in March’23, up 19.22 per cent from 25,500 tonnes in February. The import volume in February was down month-on-month by 29.95 per cent from 36,400 tonnes, but that in January was 15.20 per cent higher than the previous month. In April, the United States...
Vietnamese mining company Vinacomin to indulge in building new alumina and aluminium production plants
According to a recent report, Vietnam Industry – Coal and Mineral Industries Group, popularly known as Vinacomin, has decided to invest in setting up new alumina refineries and aluminium smelters, along with expanding the capacity of its existing Nhân Cơ Alumina Plant in Đắk Nông. Vinacomin is focused on establishing new investment projects in Đắk Nông with a long-term goal of developing the upstream aluminium industry in a modern and sustainable manner. Vinacomin aims to increase its alumina production to 6-8 million tonnes per year and generate 450,000-900,000 tonnes of aluminium ingots each year after 2030. For refining alumina, Vinacomin will reportedly source bauxite from Nhân Cơ, Gia Nghĩa, Gia Nghĩa 2, Bắc Gia Nghĩa, Tuy Đức, Đắk Song, and Quảng Sơn mines. To increase the...
Australian Commission decides to impose anti-dumping duties on Chinese aluminium extrusions yet again
The Australian Anti-dumping Commission has reportedly decided to impose anti-dumping duties and countervailing duties on China-origin aluminium extrusions. The news came on September 22, 2023, when the Australian Commission declared in Notice No. 2023/051 that the Australian Minister of Industry and Science and Technology approved the final recommendations of import duties on China. The measures came into effect from the date of announcement. In June 2009, Australia first launched an anti-dumping and anti-subsidy investigation into aluminium profiles imports from China, which found a year later that the dumping margin of the products was 2.7 per cent to 25.7 per cent and the subsidy margin was 3.8 per cent to 18.4 per cent. Then four years later, the Australian Anti-dumping Commission...
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Africa & Asia’s (ex-China) alumina production records a Y-o-Y fall of 2% during August 2023
Alumina production in Africa & Asia (ex-China) during August 2023 amounted to 1.172 million tonnes, registering a downfall of 1.01 per cent month-on-month from 1.184 million tonnes, found the International Aluminium Institute survey. However, Africa & Asia’s (ex-China) alumina output in July edged an increase of 7.05 per cent from 1.106 million tonnes in June 2023. On an annual basis too, alumina production in Africa & Asia (ex-China) during August 2023 recorded a fall of 2 per cent from 1.196 million tonnes. In the first seven months of 2023, Africa & Asia’s (ex-China) alumina output totalled 8.934 million tonnes, down by 3.3 per cent from 9.239 million tonnes during the corresponding period of the previous year. The daily average production of alumina in Africa & Asia during August 2023...
