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.
Domestic bauxite prices in major Chinese regions rise marginally due to supply constraints for alumina mills
Bauxite with an Al/Si ratio of 5 and alumina content of 58 per cent was sold between RMB 425 per tonne to RMB 450 per tonne (including VAT, except resource tax, delivery to factory) in north Shanxi as of June 17. On the same day in Xiaoyi, Shanxi, it was traded between RMB 435 per tonne to RMB 475 per tonne. Bauxite with an Al/Si ratio of 4 and alumina concentration of 58 per cent was traded between RMB 435 per tonne to RMB 480 per tonne in Sanmenxia, Henan (excluding resource tax, including VAT, delivery to factory). Domestic bauxite prices in the northern areas have risen somewhat this month, from RMB 5 per tonne to RMB 10 per tonne, since obtaining bauxite has become increasingly difficult for alumina mills. Bauxite with an Al/Si ratio of 5.5 was sold for RMB 325 per tonne to RMB 370...
China’s A00 aluminium ingot price plummets by RMB190/t ; Low carbon aluminium price drops by RMB210/t
A00 aluminium ingot price in China has plunged by RMB 190 per tonne to score at RMB 19,720 per tonne as of Monday, June 20. As per the SMM data, the average prices are expected to range between RMB 19,700 per tonne and RMB 19,740 per tonne, with spot contract to be traded at a premium price of RMB 0 per tonne to RMB 40 per tonne. The A00 aluminium ingot price has witnessed a downfall in all the major regions of China. Starting with Gongyi, the price has nosedived by RMB 280 per tonne to peg at RMB 19,890 per tonne. The price in Foshan and Hangzhou has plummeted by RMB 210 per tonne to close at RMB 19,750 per tonne and RMB 19,760 per tonne. On the same day in Chongqing and Shenyang, the price has slumped by RMB 200 per tonne and RMB 90 per tonne, to halt at RMB 19,820 per tonne and RMB...
Downstream weekly recap: Vietnam Ministry to evaluate anti-dumping duties on Chinese aluminium goods for second time; AMAG receives recognition from Vienna Stock Exchange Prize jury
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. To begin with, for the week, the Vietnam Ministry of Commerce announced the results of the second examination of anti-dumping measures imposed on certain Chinese aluminium imports. While in Europe, AMAG, the leading Austrian premium provider of the high-quality cast and rolled aluminium products, received recognition from the Vienna Stock Exchange Prize jury for the fifth time. The second evaluation of anti-dumping measures imposed on selected Chinese aluminium goods has been announced by the Ministry of Industry and Trade (MoIT). As a result, the anti-dumping duties on items with the codes 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10, and 7604.29.90 will be...
Primary aluminium weekly recap: Ghana eyes to become an integrated aluminium producer; Balco bids green, introduces biomass briquettes to generate power
The price of aluminium on the London Metal Exchange (LME) dropped dramatically as a result of sluggish economic development, which further reduced the market's demand for the metal. Also, China's interest rate rise had been aided by the second wave of Covid-19 lockdowns. As a result of this, On Monday, June 13, LME aluminium cash bid price and LME aluminium official settlement price opened the week with a major downfall of US$105.5 per tonne or 3.91 per cent, which further went down by US$2 per tonne on Tuesday to settle at US$2,587 per tonne. Apart from this, the news of Bharat Aluminium Company Limited (BALCO), employing biomass briquettes as a fuel mix to increase the sustainability of thermal power generation, has garnered a significant response. Also, the news of Ghana planning to...
Hindalco’s aluminium ingot price sees a back-to-back cut to stand at INR227,000/t on June 17
On June 17, Hindalco Industries Limited further declined its aluminium ingot and aluminium products prices by INR 7,750 per tonne or 3.30 per cent. That brought the company’s aluminium ingot price to INR 227,000 per tonne from INR 234,750 per tonne on June 14. As per the data revealed by the company, Hindalco’s aluminium ingot price underwent a slash of INR 8,000 per tonne or 3.29 per cent on June 14 to settle at INR 234,750 per tonne from INR 242,750 per tonne on June 11. Hindalco also dropped its aluminium wire rod price by INR 7,750 per tonne from INR 245,850 per tonne on June 14 to INR 238,100 per tonne on June 17. The price on June 14 was reduced by INR 8,000 per tonne from INR 253,850 per tonne on June 11. The price of aluminium billets nosedived by INR 7,750 per tonne as well, with...
Aluminium billet inventories in China nosedive by 21,100 tonnes W-o-W to 118,900 tonnes
On Thursday, June 16, China’s aluminium billet inventories nosedived by 21,100 tonnes to settle at 118,900 tonnes W-o-W across five major consumption areas. The social inventory, on the other hand, was dragged down by strong replenishing demand with lowering aluminium prices. In Wuxi, Changzhou, and Huzhou, the downstream purchased on-demand, are resulting in destocking. Apart from improving demand, the market will be watching the effects of the aluminium promise controversy. Inventory levels in Foshan plunged the highest by 13,300 tonnes to close at 66,900 tonnes, from 80,200 tonnes a week ago. In Changzhou and Huzhou, a drop of 1000 was recorded to settle at 12,700 tonnes and 20,000 tonnes, respectively. On a W-o-W calculation, a drop of 5,000 tonnes was witnessed in Nanchang, to halt...
Fantom Drives GFORCE3 external hard drive series showcases aluminium framework
The Fantom Drives GFORCE 3 external hard drive series, comprised of durable aluminium, is simple to use and a vital component for any device. The use of aluminium makes it a good heat absorber allowing the GFORCE 3 to run without a fan and in complete silence. As per the latest information, customers can purchase the Fantom Drives GFORCE 3 external hard drive at a good discount rate. The sleek black aluminium chassis has a lot of capacity and is equipped with a USB 3.2 Gen 1 (5Gbps) interface, which makes high-speed transfers from one machine to the drive and vice versa a lot easier and faster. This drive may also be used to significantly increase the amount of game storage available on an Xbox or PlayStation. One of the main reasons why the use of aluminium in the electronics sector is...
Neo-Primitive, a unique aluminium chair curated by Lee Sisan in collaboration with RIMOWA
Neo-Primitive, a unique aluminium chair fabricated by Lee Sisan in collaboration with RIMOWA, will be displayed at the 'As Seen by' exhibition in South Korea. This elegant piece of furniture is made from cast aluminium branches and grooved aluminium sheets, which are also used in RIMOWA baggage. The chair's legs are made of tree branches taken from nature and covered in aluminium via sand casting. On top of this organic framework, aluminium sheets joined by bolts create a delicate relationship of opposing shapes and textures. With its rear branch leg protruding from behind the elaborate back sheet, the one-of-a-kind aluminium chair climbs to a height of 1.8 metres. The aluminium throne's skeleton is made by leaning the branches against each other to support the metal sheets. Because of...
LME aluminium price plunges by US$79.5/t to US$2,500.50/t; SHFE price slumps by US$62/t
LME aluminium opened at US$2,619 per tonne on Thursday and closed at US$2,521.5 per tonne, down US$93.5 per tonne or 3.58 per cent. On Thursday, June 16, both LME aluminium cash bid price and LME aluminium official settlement declined by US$79 per tonne or 3.06 per cent and US$79.5 per tonne or 3.08 per cent to settle at US$2,500 per tonne and US$2,500.50 per tonne. 3-month bid price and 3-month offer price plunged by US$70 per tonne or 2.69 per cent and US$69.5 per tonne or 2.67 per cent to close at US$2,524 per tonne and US$2,525 per tonne. December 23 bid price and December 23 offer price also went down by US$62 per tonne to halt at US$2,518 per tonne and US$2,523 per tonne. LME aluminium opening stock stopped at 411575 tonnes. Live warrants and Cancelled warrants recorded at 172000...
Sunalco Alloys joins ASI as its new Production and Transformation member
Sunalco Alloys Pvt Ltd has joined ASI as a member of the Production and Transformation group. Sunalco Alloys Pvt. Ltd. is a non-ferrous metal recycling company that makes various grades of aluminium alloys as a final product. They serve as a vital link between scrap collectors, processors, recyclers, and manufacturers, thus completing the recycling loop. Founded in 2005, the company has developed dramatically over the last decade, increasing its manufacturing capacity year after year and becoming one of the industry's global leaders. For High Pressure Die Casting, LPDC, Sand, and Gravity Die Casting, Sunalco Alloys met the different needs of clients in conventional and unique alloys. The current facilities of Sunalco include six reverberatory type aluminium melting furnaces, each with a...
US aluminium scrap exports to Mexico in 1Q2022 plunge by 53.65% to 20,900 tonnes
In 1Q2022, the United States exported 20,900 tonnes of aluminium scrap to Mexico, which reflected a downfall of 24,200 tonnes or 53.65 per cent Y-o-Y from 45,100 tonnes in 1Q2022. In 4Q2022, the amount of aluminium scrap exported by the United States to Mexico closed at 40,000 tonnes, which on a Q-o-Q calculation recorded a decline of 19,100 tonnes or 47.75 per cent in 1Q2022. According to the USGS data, the amount of aluminium scrap exported to Mexico by the United States in March 2022 closed at 8,460 tonnes, which hiked by 17.01 per cent or 1,230 tonnes M-o-M from 7,230 tonnes in February 2022. In February 2022, a surge of 2,020 tonnes or 38.77 per cent was recorded from 5,210 tonnes in January 2022. On a Y-o-Y calculation, the amount had nosedived by 9,140 tonnes or 51.93 per cent in...
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China’s A00 aluminium ingot price hikes by RMB150/t; Australian alumina FOB price moves up by US$6/t
On Wednesday, June 15, the A00 aluminium ingot price in China halted at RMB 20,070 per tonne, after witnessing a hike of RMB 150 per tonne. As per the SMM data, the average price is expected to stand between RMB 20,050 per tonne and RMB 20,090 per tonne, with spot contract to be traded at a premium price of RMB 70 per tonne to RMB 110 per tonne. The primary aluminium ingot price in Hangzhou and Chongqing has hiked by RMB 170 per tonne to settle at RMB 20,150 per tonne and RMB 20,120 per tonne. On the same day, the price in Gongyi and Foshan has surged by RMB 210 per tonne and RMB 200 per tonne to stop at RMB 20,260 per tonne and RMB 20,060 per tonne. The price in Wuxi and Shenyang has ascended by RMB 160 per tonne and RMB 120 per tonne to halt at RMB 20,090 per tonne. As per the SMM data,...
Vietnam Ministry to evaluate anti-dumping duties on Chinese aluminium goods for second time
The second evaluation of anti-dumping measures imposed on selected Chinese aluminium goods has been announced by the Ministry of Industry and Trade (MoIT). As a result, the anti-dumping duties on items with the codes 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10, and 7604.29.90 will be reviewed. On September 28, 2020, MoIT announced the decision to levy anti-dumping taxes of 2.49 per cent to 35.58 per cent on selected aluminium goods originating in China. In January 2019, the government launched an inquiry into the anti-dumping case. The aluminium industry in the United States was determined to be harmed as a result of the study. The Ministry of Industry and Trade is the Vietnamese government ministry in charge of industry and trade advancement, promotion, governance, regulation,...
Carl Pei’s flagship smartphone to flaunt 100% recycled aluminium frames
Nothing a UK-based privately held consumer tech company has announced that its first smartphone titled, ‘Phone (1)’ will be finally revealed to the customer on July 12. As per Carl Pei, the CEO and co-founder of Nothing, the smartphone is constructed using 100 per cent recycled aluminium. On June 13, the company released a teaser picture of the much-awaited smartphone, revealing that the Nothing Phone (1) is likely to flaunt flat edges and rounded corners. As per the data, Nothing's worldwide growth efforts will be aided by O2, Telekom Deutschland, and Flipkart, bringing phone (1) one step closer to its summer arrival. “When we started Nothing we wanted to bring back the excitement we once felt for the tech industry. Joining forces with leading telcos and retailers, we look forward to...
LME aluminium price nosedives for the second day by US$105.5/t; SHFE price plunges by US$46/t
LME aluminium opened at US$2,674 per tonne on Monday and closed at US$2,637 per tonne, down US$45.5 per tonne or 1.7 per cent. On Monday, June 13, both LME aluminium cash bid price and LME aluminium official settlement price dropped majorly by US$105.5 per tonne or 3.91 per cent, due to the sluggish economic development resulting in reduced market demand for the metal. The price for the same closed at US$2589 per tonne and US$2589.50 per tonne. 3-month bid price and 3-month offer price plunged by US$104.5 per tonne or 3.85 per cent and US$104 per tonne or 3.83 per cent to halt at US$2,605 per tonne and US$2,606 per tonne. December 23 bid price and December 23 offer price declined by US$83 per tonne to come in at US$2,575 per tonne and US$2,580 per tonne. LME aluminium opening stock...
Polini’s new aluminium clutch case for Vespa, a great match for racing engines
Polini, an Italian aftermarket expert, has introduced new aluminium clutch housing for classic Vespa models. With a price tag of 139 euros ($149 USD), the new Polini clutch case is simple to install and has a rack actuator that allows the clutch control to glide smoothly and with little friction. This characteristic makes it ideal for clutches with upgraded spring loads used in racing engines while also making the regular clutch control exceptionally smooth and soft. To eliminate corrosion issues, the new Polini clutch case for Vespa has a stainless steel control level and return spring. To prevent oil leaks, the package includes a gasket with silicon cords. The aluminium clutch housing, on the other hand, is also appropriate for daily use. Despite being a performance-oriented device, the...
Aluminium scrap imports from Canada by the US in 1Q2022 dwindle by 9.58% to 151,000 tonnes
According to the USGS data, the United States imported 151,000 tonnes of aluminium scrap from Canada in 1Q2022, which registered a drop of 16,000 tonnes or 9.58 per cent Y-o-Y from 167,000 tonnes in 1Q2021. In 4Q2021, the total amount of aluminium scrap imported from Canada by the United States settled at 94,100, highlighting a Q-o-Q hike of 56,900 tonnes or 60.46 per cent in 1Q2022. As per the data, the amount of aluminium scrap imported from Canada by the United States in March 2022 settled at 33,000 tonnes, which on M-o-M basis surged by 7,800 tonnes or 30.95 per cent from 25,200 tonnes in February 2022. In February 2022, the amount of aluminium imported from Canada was pegged at 25,200, which declined by 1,800 tonnes or 6.66 per cent from 27,000 tonnes in January. On Y-o-Y...
A00 aluminium ingot price in China opens the week with a plunge of RMB400/t; Average alumina spot price slips by RMB4/t
On Monday, June 13, A00 aluminium ingot price in China halted at RMB 20,100 per tonne, falling sharply by RMB 400 per tonne, as shown in the SMM data. The average price is expected to hover between RMB 20,080 per tonne and RMB 20,120 per tonne, with spot contract to be traded at a discount price of RMB -50 per tonne and RMB -10 per tonne. As per the SMM data, the price in Foshan and Hangzhou has plummeted by RMB 400 per tonne to settle at RMB 20,010 per tonne and RMB 20,150 per tonne, respectively. In Gongyi and Wuxi, the price has plunged by RMB 370 per tonne and RMB 390 per tonne to record at RMB 20,180 per tonne and RMB 20,100 per tonne. The A00 aluminium ingot price in Shenyang and Tianjin has slumped by RMB 400 per tonne and RMB 420 per tonne to stop at RMB 20,100 per tonne and RMB...
