AlCircle News Edited By "Sarnali Chakraborty"
Sarnali Chakraborty is a content writer with 2 years of experience. She has written articles on various genres like technical, creative, medical, to name some. Here in Alcircle she will be curating articles on the metal industry, writing newsletters and other online and offline content.
China’s aluminium billet inventories plunge by 7,300 tonnes W-o-W to 111,600 tonnes
On Thursday, June 23, China’s aluminium billet inventories nosedived by 7,300 tonnes across three major consumption areas W-o-W to halt at 111,600 tonnes, from 118,900 tonnes a week before. Due to risk aversion following the recent aluminium ingot collateral controversy, certain billets were moved to different warehouses. The destocking process was sped up by an upstream restocking surge following a decline in aluminium prices. The stockpile of aluminium billets is anticipated to continue its decreasing trend throughout the next week. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan plunged by 6,700 tonnes to score at 60,200 tonnes from 66,900 tonnes a week ago. In Nanchang, the inventory slipped by 1,300...
Newly improved Norton Gemini Wheels feature top-quality alumina grain
The newly improved Norton Gemini Grinding and combination/pipeline wheels from Saint-Gobain Abrasives feature a 15 per cent quicker cut-rate and also include a new premium alumina grain. In comparison to goods from earlier generations, advanced bond technology and wheel hardness are optimised for performing quick cuts and offer up to 60 per cent longer life and metal removal per wheel. The updated wheels deliver a controlled yet aggressive sensation without the fatigue that other competitive high-performance wheels do since they were ergonomically engineered. A reminder of correct machine selection, safe operation, and essential personal protective equipment is also displayed on the new Gemini wheels, which have been upgraded with big, industry-standard iconography that can be read in any...
US aluminium crude metals and alloys imports from Argentina in 1Q2022 surge by 162.06%
According to the latest data reported by the US Geological Survey, the United States’ aluminium crude metals and alloys imports from Argentina in the first quarter of 2022 (1Q2022) closed at 45,600 tonnes. However, on a Y-o-Y calculation, a surge of 282,200 tonnes or 162.06 per cent was recorded in 1Q2022. The amount for 1Q2021 closed at 17,400 tonnes. On a Q-o-Q calculation, a hike of 20,690 tonnes or 83.05 per cent was recorded in 1Q2022 from 24,910 tonnes in 4Q2022. The United States imported 23,300 tonnes of aluminium crude metals and alloys from Argentina in March 2022, which reflected M-o-M growth of 13,560 tonnes from 9,740 tonnes in February. On the other hand, in February, a drop of 2,760 tonnes or 22.08 per cent was recorded from 12,500 tonnes in January. In March 2022, the...
Metal industry titans Alcoa and Dofasco minting on green energy
With the growing concern about a clean and green environment, industry titans like Alcoa, a US aluminium company, and Dofasco, a Canadian steel company, are working to move closer to a green environment. However, due to energy and technological barriers, the task is getting more difficult. Talking about Alcoa, the local power authority in the United States is preventing attempts to restore Alcoa Intalco's massive aluminium smelter in Ferndale, Washington, as a green company that is powered by flowing water. Aluminium is one metal that is mentioned when it comes to sustainability and keeping a healthy environmental imprint. It has the potential to be extremely important in achieving global climate neutrality and promoting sustainable development. “If we can’t successfully reopen Intalco,...
Kawneer’s aluminium façade system crafted to surpass sustainability standards
Kawneer, an American manufacturer of architectural aluminium systems, provides aluminium façade solutions that are created to minimise environmental impact and aid in the certification of sustainable buildings. The business has drafted a plan for future-proofing its products in order to accomplish this. The usage of materials is a crucial component of Kawneer's sustainability approach. Aluminium is considered the most environmentally friendly building material because of its 100 per cent recyclable property. Aluminium made from recycling retains all of the physical properties of primary aluminium while using just 5 per cent of the energy required to make it. Additionally, the company has taken action to increase the transparency of its business practices. Kawneer can now track the carbon...
EGA unlocks major R&D advances in bauxite residue utilization
Emirates Global Aluminium (EGA), one of the leading producers of aluminium in the world, has unlocked a new development, which will result in all bauxite residues produced in the UAE being re-used in the UAE, due to significant R&D advances. “We have already achieved important success with other by-product streams, such as spent pot lining, which is now a feedstock for the UAE cement industry,” said Abdulnasser bin Kalban, EGA’s Chief Executive Officer, briefing a visiting team from the Environment Agency - Abu Dhabi (EAD) led by its Secretary-General Dr Shaikha Salem Al Dhaheri. The EAD, which oversees environmental issues in Abu Dhabi, has created cutting-edge technology tools and systems to make sure that industrial facilities and development projects comply with applicable...
Green critics urge EPA to block South32’s Worsley bauxite and alumina project
The Environmental Protection Authority (EPA) has been urged to reject South32's plans to expand its Worsley bauxite and alumina project in Western Australia’s (WA) South West which would clear more than 4000 hectares of native vegetation. The updated plan, which the EPA made available for public comment on June 20, highlighted mainly expanding Worsley's Boddington bauxite mine but also laid emphasis on the removal of land for brand-new transportation routes and storage and upkeep activities at the alumina refinery farther north. “The Environmental Protection Authority must make a decision that is in step with the views of ordinary West Australians in rejecting this proposal – not just on conservation grounds, but to avert the considerable pollution and emissions that will result and hold...
LME aluminium benchmark price slumps by US$64/t; SHFE price drops by 1.79%
LME aluminium opened at US$2,524.5 per tonne on Wednesday and closed at US$2,539 per tonne, an increase of US$9 per tonne or 0.36 per cent. On June 22, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$63.5 per tonne or 2.52 per cent and US$64 per tonne or 2.54 per cent, after witnessing a hike the previous day. As per the data, on June 22, LME aluminium cash bid price closed at US$2,455 per tonne and LME aluminium official settlement price settled at US$2,455.50 per tonne. 3-month bid price and 3-month offer price halted at US$2,469.50 per tonne and US$2,470 per tonne, after witnessing a drop of US$60.5 per tonne or 2.39 percent and US$62 per tonne or 2.44 per cent. December 23 bid price and December 23 offer price plunged by US$62 per tonne to...
Imports of Chinese primary aluminium plunge by 7.1% M-o-M in May 2022
The General Administration of Customs reported that in May 2022, China's primary aluminium imports closed at 37,300 tonnes, which reflected M-o-M hike of 7.1 per cent and a Y-o-Y plunge of 61 per cent. The exports, on the other hand, settled at 65,100 tonnes, up by 103.1 per cent M-o-M and up 7046.8 per cent from the previous year. Therefore, 27,800 mt were exported net. Between January and May 2022, imports of primary aluminium were 168,700 tonnes, down 71 per cent Y-o-Y, while exports of the metal totalled 170,000 tonnes, up 4449 per cent. Primary aluminium commerce inside the country reversed to a net export of 1,341 tonnes, a 100 per cent Y-o-Y decline. The mentioned analytics refers to items with the HS codes 76011010 and 76011090. SMM primarily analyses import and export under HS...
EcoVadis awards AMAG with the Platinum medal for its sustainability efforts
AMAG, a leading Austrian premium provider of the cast and rolled aluminium products, received the Platinum medal after passing an extensive audit by EcoVadis, achieving the highest rating possible, followed by the “Gold Star” certification in 2020. It ranked AMAG among the top 1 per cent of all businesses evaluated in the industrial category of precious and non-ferrous metals based on its sustainability performance. EcoVadis is the owner of an internationally renowned, independent sustainability and CSR (Corporate Social Responsibility) assessment platform. This EcoVadis ranking is based on a total of 21 factors in the four categories of ethics, labour and human rights, the environment, and sustainable procurement. Quantitative goals for energy use, greenhouse gas emissions, the effect of...
Hindalco’s aluminium ingot price escalates by INR5000/t after witnessing continuous cuts since June 11
After witnessing continuous cuts since June 11, Hindalco Industries Limited’s aluminium ingot and aluminium product prices trended up by INR 5,000 per tonne or 2.23 per cent, as of June 22. That brought the company’s aluminium ingot price to INR 228,500 per tonne, from INR 223,500 per tonne on June 21. As per the data revealed by the company, Hindalco’s aluminium ingot price underwent a slash of INR 1,250 per tonne on June 21 from INR 224,750 per tonne on June 18. Hindalco Industries also increased its aluminium wire rod price by INR 5,000 per tonne or 2.13 per cent on June 22 to settle at INR 239,600 per tonne. On June 21, the company was selling its aluminium wire rod at INR 234,600 per tonne, down by INR 1,250 per tonne from June 18. The latest increase in Hindalco’s aluminium prices...
US aluminium crude metals and alloys imports from Canada in 1Q2022 plummet by 3.88%
As per USGS data, the United States imported 545,000 tonnes of aluminium crude metals and alloys from Canada in 1Q2022, which recorded a Y-o-Y downfall of 22,000 tonnes or 3.88 per cent from 567,000 tonnes in 1Q2021. In 4Q2022, the amount of aluminium crude metals and alloys imported from Canada settled at 664,000 tonnes, which on a Q-o-Q calculation reflected a plunge of 119,000 tonnes or 17.92 per cent in 1Q2022. In March 2022, the amount of aluminium crude metals and alloys imported from Canada by the US settled at 183,000 tonnes, up by 14,000 tonnes or 8.28 per cent M-o-M, from 169,000 tonnes in February. On the other hand, a plunge of 25,000 tonnes or 12.88 per cent was recorded in February from 194,000 tonnes in January. On a Y-o-Y calculation, a huge drop of 33,000 tonnes or 15.27...
A00 aluminium ingot price drops by RMB90/t to RMB19,770/t; Aluminium alloy (A356) dwindles by RMB100/t
China’s A00 aluminium ingot price has plunged by RMB 90 per tonne after witnessing a hike the previous day. As per the SMM data, the price on June 22 closed at RMB 19,770 per tonne, with the average price expected to stand between RMB 19,750 per tonne and RMB 19,790 per tonne and spot contracts trading at a premium price of RMB 0-40 per tonne. The A00 aluminium ingot price in all the Chinese provinces has witnessed a downfall. To begin with, the price in Gongyi and Linyi has dropped by RMB 150 per tonne and RMB 120 per tonne to score at RMB 19,860 per tonne and RMB 19,890 per tonne. In Wuxi and Hangzhou, the price has decreased by RMB 90 per tonne to peg at RMB 19,770 per tonne and RMB 19,820 per tonne. On the same day in Foshan and Chongqing, the price nosedived by RMB 120 per tonne and...
US aluminium scrap exports to South Korea in 1Q2022 nosedive by 84.46% to 10,100 tonnes
The United States exported 10,100 tonnes of aluminium scrap to South Korea in the first quarter of 2022 (1Q2022), which on a Y-o-Y calculation nosedived by 54,900 tonnes or 84.46 per cent from 65,000 tonnes in 1Q2021. On a Q-o-Q comparison, a major decline of 81,400 tonnes or 88.96 per cent was recorded in 1Q2022, from 91,500 tonnes in 4Q2021. As per the latest USGS statistics, the United States exported 3,710 tonnes of aluminium scrap to South Korea in March 2022, which hiked by 90 tonnes or 2.48 per cent M-o-M from 3,620 tonnes in February 2022. In February 2022, a surge of 870 tonnes or 31.63 per cent was witnessed from 2,750 tonnes in January. On a Y-o-Y calculation, a dropdown of 15,990 tonnes or 81.16 per cent was recorded in March 2022, from 19,700 tonnes in March 2021. The total...
Hindalco’s aluminium wire rod price slumps by INR1250/t on June 21 in response to LME price fall
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which as per the data has drifted lower after back-to-back cuts on June 17 and June 18. As of June 21, Hindalco has slashed its aluminium wire rod price by INR 1,250 per tonne or 0.52 per cent to INR 234,600 per tonne, following a plunge of INR 2,250 per tonne to INR 235,850 per tonne on June18. Hindalco also axed its aluminium billets price by INR 1,250 per tonne on June 21 to sell the product at INR 237,600 per tonne. On June 18, the company was selling its aluminium billets at INR 238,850 per tonne, down by INR 2,250 per tonne from the previous day. Aluminium ingot price has also witnessed a drop of INR 1,250 per tonne or 0.55 per cent to peg at INR 223,500 per tonne, as against INR...
LME aluminium benchmark price contracts by US$12/t to US$2462/t; SHFE price remains restraint at US$2961/t
LME aluminium opened at US$2,500 per tonne on Monday and closed at US$2,514 per tonne, an increase of US$11.5 per tonne or 0.46 per cent. On Monday, June 20, LME aluminium cash bid price dropped by US$12.5 per tonne or 0.50 per cent, and LME aluminium official settlement price slipped by US$12 per tonne or 0.48 per cent to close at US$2,461 per tonne and US$2,462 per tonne. 3-month bid price and 3-month offer price slumped by US$20 per tonne or 0.8 per cent and US$21 per tonne or 0.83 per cent to come in at US$2,480 per tonne and US$2,481 per tonne. December 23 bid price and December 23 offer price declined by US$14 per tonne or 0.55 per cent to stop at US$2,498 per tonne and US$2,503 per tonne. LME aluminium opening stock halted at 404450 tonnes. Live warrants and Cancelled warrants for...
Launch Alert! AlCircle’s new report, “The World of Aluminium Extrusions - An industry analysis with forecasts to 2027"
AlCircle has come up with its latest sector focus report 2022, titled "The World of Aluminium Extrusions - An industry analysis with forecasts to 2027," which focuses on the expected production capacity, output and consumption across regions, applications across end-user industries and trade dynamics. The year 2022 brought with it a new era of optimism and ambition for the aluminium extrusion sector. 2022 witnessed the industry’s revival and recovery from its lost position in the market, which was affected by the pandemic. The report suggests that the global aluminium extrusion usage is expected to reach 31.8 million tonnes by 2022 and expand further at a rate of around 3.8 per cent per annum over the next five years, reaching 38.4 million tonnes by 2027. The building and construction...
Etem Gestamp’s aluminium extrusion and automotive sector in Bulgaria join ASI as new industrial user member
Etem Gestamp aluminium extrusions and Gestamp Etem Automotive Bulgaria S.A., both of them joined Aluminium Stewardship Initiative (ASI) as its new Industrial Users member. Etem Group and Gestamp Group have been working together to form a joint venture focusing on the extrusion and processing of aluminium profiles for the automobile sector since 2019. With this, both companies are planning to encourage the development of more sustainable aluminium industry in the future. With more than 50 years of expertise and constant presence in the design and manufacture of aluminium profiles, Etem Group is a market leader in aluminium extrusion. Etem was the first integrated designer and manufacturer of aluminium systems in Greece and is now one of the most well-known in SE Europe. ETEM grew into an...
