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.
US aluminium plates, sheets and bars import from Canada declines by 300 tonnes Y-o-Y in November 2021
According to the US Geological Survey (USGS), the United States imported 20,100 tonnes of US aluminium plates, sheets and bars from Canada in November, showing a month-on-month growth of 600 per tonne or 3.07%. In October 2021, 19,500 tonnes of US aluminium plates, sheets and bars were imported from Canada, showing a fall of 400 tonnes from 19,900 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Canada in November 2021 nosedived by 300 tonnes or 1.47% from 20,400 tonnes in November 2020. From January to November, the imported aluminium plates, sheets and bars from Canada, in November pegged at 219,000 tonnes. For the same period last year, the amount closed at 193,000 tonnes. Based on the data shared by the USGS, the total amount...
Average alumina spot price in China plunges by RMB 35/t to RMB 3,153/t; A00 aluminium ingot price falls by RMB 120/t
On Monday, February 28, the average alumina spot price in China has fallen by RMB 35 per tonne to come in at RMB 3,153 per tonne, finds the Shanghai Metals Market. In Shanxi and Guangxi, the price has gone down by RMB 25 per tonne to record at RMB 3,115 per tonne and RMB 3,135 per tonne. In Shandong and Henan, the price has plunged by RMB 45 per tonne and RMB 30 per tonne, to register at RMB 3,100 per tonne and RMB 3,210 per tonne. For the same day in Guizhou the price has dipped by RMB 80 per tonne to come in at RMB 3,120 per tonne. Only in Lianyungang and Bayuquan, the price has remained restrained to score at RMB 3,125 per tonne and RMB 3,250 per tonne. The Australian alumina FOB price has, however, continued to remain restrained at US$435 per tonne learned SMM. According to the...
LME aluminium price reflects 4.64% fall to peg at US$3,355.50/t; SHFE price dips by US$11/t
LME aluminium opened at US$3,376 per tonne last Friday and closed at U$3,380 per tonne, an increase of US$15 per tonne or 0.45%. On Friday, February 25, LME aluminium cash bid price recorded a fall of US$163.5 or 4.64% to total at US$3,354.50 per tonne. For the same day, LME aluminium official settlement price also nosedived by US$163.5 or 4.64% to score at US$3,355.50 per tonne. 3-month bid price and 3-month offer price pegged at US$3,312 per tonne and US$3,314 per tonne. December 23 bid price and December 23 offer price came in at US$2,972 per tonne and US$2,977 per tonne. LME aluminium opening stock scored at 823125 tonnes. Live warrants and Cancelled warrants for the same day stood at 579875 tonnes and 243250 tonnes. LME aluminium 3-month Asian Reference Price recorded at US$3,358.28...
Downstream products weekly recap: Despite challenging conditions ‘Salzburger Aluminium Group’ reports excellent turnover for 2021; Vedanta Aluminium introduces India’s first low carbon green aluminium brand ‘Restora’
Not much has been happening in the downstream sector of the global aluminium industry. To begin with, the Salzburger Aluminium Group, an Austrian family firm with 1100 people globally, had a tremendously promising year in 2021. SAG a global supplier to all well-known OEMs, increased revenues by more than 35% to EUR 207 million, with an EBIT margin of 7%. Also, Constellium NV launched its Q4 2021 and full year 2021 results. Constellium exported 385 thousand metric tonnes of aluminium product in the fourth quarter of the year, up 3% year over year. Revenue increased 37% year over year to €1.7 billion, while net income dropped from €26 million in 2020 to €7 million in 2021. According to a recent report, Novelis Korea Limited, subsidiary plant of Novelis in Yeongju, has secured the ASI Chain...
Alumina industry weekly recap: Russia Ukraine conflict causes record breaking inflation in raw material prices; Alumina Limited year ending net profit surges to US$187.6 million
The sudden hike in the number of events in alumina segment is primarily due to the anticipation of the crisis between Russia and Ukraine. The conflict has stirred the raw material industry greatly, causing record breaking inflation in prices of raw materials. Apart from this, looking at the current scenario, Irish businesses are concerned about their financial sanctions against Russia as Rusal’s Aughinish alumina refinery in the Shannon Estuary, Europe's largest, may find itself in the sanctions red zone since it sends 45% of its aluminium production raw material to European markets. Also, Rio Tinto owned Queensland Alumina Limited (QAL), one of Australia's major alumina refineries, is concerned about the prospect of penalties. Rio Tinto owns a majority of the alumina refinery and has...
AlCircle Expo 2022 a huge success: Participation from 96 countries and 9.2 attendee satisfaction score
Team AlCircle is pleased to report that its third virtual event, “AlCircle Expo 2022,” held on February 15 and 16 had been a huge success. It was a virtual event aimed at bringing together aluminium industry professionals from throughout the value chain. Our goal was to provide a platform ideal for expanding business networks, acquiring new skills, and sharing success stories while travel was still a limitation. This year’s Expo witnessed a total of 1,082 attendee participation from 96 countries, which interacted and networked with 49 exhibitors and 10 sponsors. A total of 1,333 business cards were exchanged throughout the exhibition and 644 total business cards picked up from vendor booths. The average number of visitors per booth was 81 and the average time spent by a visitor was 2...
Constellium publishes Q4 and full-year 2021 result: Revenue grows 37% Y-o-Y to €1.7 billion
Constellium NV, a European value-added aluminium company, launched its fourth-quarter and full-year 2021 results this week. Despite the persisting market challenges brought on by the global COVID-19 epidemic, Constellium's financial result for both the quarters were good. Shipments of 385 thousand metric tonnes increased by 3% in the fourth quarter of 2021 compared to the fourth quarter of 2020 owing to greater shipments in the Aerospace & Transportation category. Revenue of €1.7 billion was up 37% over the fourth quarter of the previous year, owing mostly to higher metal prices. Net income of €7 million was down €19 million from the fourth quarter of 2020, when it was €26 million. Due to stronger performance in each of the sectors, adjusted EBITDA of €147 million grew by 33% compared to...
US aluminium scrap export to Mexico plummets by 1,400 tonnes Y-o-Y in November 2021
According to the US Geological Survey (USGS), the United States exported 15,200 tonnes of US aluminium scrap to Mexico in November, showing a month-on-month growth of 2,100 tonnes or by 16.03%. In October 2021, 13,100 tonnes of US aluminium scrap was exported to Mexico, highlighting decline of 200 tonnes from 13,300 tonnes in September 2021. On a year-on-year calculation, US aluminium scrap exported to Mexico in November 2021 dropped by 1,400 tonnes from 16,600 tonnes in November 2020. From January to November, the exported aluminium scrap to Mexico pegged at 156,000 tonnes. For the same period last year, the amount recorded at 136,000 tonnes. Based on the data from the USGS, the total amount of aluminium plates, sheets, bars, crude metals and alloys, and scrap, exported to Mexico for...
Average alumina spot price in China declines by RMB 48/t to RMB 3,188/t; A00 aluminium ingot price grows by RMB 120/t
According to the Shanghai Metals Market, the average alumina spot price in China has been moving down since Tuesday, February 22. On Friday, February 25, the price has declined by RMB 48 per tonne to score at RMB 3,188 per tonne. The price in Shandong and Shanxi has also fallen down by RMB 60 per tonne to peg at RMB 3,145 per tonne and RMB 3,140 per tonne. In Henan and Guangxi the price has slumped by RMB 35 per tonne and RMB 30 per tonne, to settle at RMB 3,240 per tonne and RMB 3,160 per tonne. For the same day in Guizhou the price has dipped by RMB 90 per tonne to come in at RMB 3,200 per tonne. Only in Lianyungang and Bayuquan, the price has remained constant to total at RMB 3,125 per tonne and RMB 3,250 per tonne. Amongst the fall in prices, the Australian FOB price has gone up by...
Aluminium billet inventory in China declines by 4,000 tonnes to register at 260,600 tonnes
The aluminium billet inventories in China dropped by 4,000 tonnes or 1.5% week-on-week across five major consumption areas. As a result, the inventories recorded at 260,600 tonnes, as of Thursday, February 24. Some popular aluminium extruders have begun to resume work this week, while the others will return to work by the end of February or early March. Because market demand is likely to stay stable, inventories of aluminium billets are expected to decrease somewhat. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, the aluminium inventories declined by 1,300 tonnes this week to peg at 124,900 tonnes. For the same day in Wuxi the aluminium inventories dropped by 200 tonnes to settle at 60,900 tonnes. In Changzhou the...
Shortage of aluminium in Europe causes regional prices to shoot up
A catastrophic scarcity of aluminium in Europe has caused regional prices to skyrocket, presenting chances for commodity traders who have pounced on once-in-a-lifetime opportunity to profit by exporting metal from warehouses 6,000 miles away. According to two persons aware of the cargoes, some significant trading firms have lately loaded aluminium from Malaysia's Port Klang into break-bulk boats bound for Europe. It's a trade that would normally be extremely unprofitable, but the high expenses are mitigated by the higher prices that European purchasers are prepared to pay for metal. Another indicator that European customers are running out of one of the world's most commonly used industrial commodities is the unique trade flow. Stockpiles throughout the world have declined considerably,...
US aluminium plates, sheets and bars import from Vietnam escalates by US$1,710 tonnes Y-o-Y in November 2021
According to the US Geological Survey (USGS), the United States imported 4,230 tonnes of US aluminium plates, sheets and bars from Vietnam in November, showing a month-on-month drop of 130 per tonne or by 2.98%. In October 2021, 4,360 tonnes of US aluminium plates, sheets and bars were imported from Vietnam, showing a growth of 880 tonnes from 3,480 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Vietnam in November 2021 escalated by 1,710 tonnes or by 67.85% from 2,520 tonnes in November 2020. From January to November, the imported aluminium plates, sheets and bars from Vietnam, in November 2021 closed at 37,500 tonnes. For the same period last year, the amount pegged at 21,300 tonnes. As per the data shared by the USGS, the...
LME aluminium price dips by US$96.5/t to record at US$3,323.50/t; SHFE price slips by US$17/t
Three-month LME aluminium opened at US$3,305 per tonne on Wednesday morning in European trading hours, and lost US$9 per tonne or 0.27% to close at US$3,294 per tonne. On Wednesday, February 23, LME aluminium cash bid price slipped by US$96 per tonne or 2.80% to peg at US$3,323 per tonne. For the same day, LME aluminium official settlement price also dipped by US$96.5 per tonne or 2.82% to register at US$3,323.50 per tonne. 3-month bid price and 3-month offer price settled at US$3,288 per tonne and US$3,290 per tonne. December 23 bid price and December 23 offer price stood at US$2,975 per tonne and US$2,980 per tonne. LME aluminium opening stock scored at 833900 tonnes. Live warrants and Cancelled warrants recorded at 570525 tonnes and 263375 tonnes. LME aluminium 3-month Asian Reference...
GFG Alliance shifts the blame to lender collapse for failure of accounts filing
The distressed metal tycoon, Sanjeev Gupta's GFG Alliance owned UK's last aluminium smelter has stated that investment plans for the Lochaber-based factory are on track, despite concerns that they have failed to publish accounts for their Highlands firms. As it concludes accounting for Alvance British Aluminium and its power plant, Simec Lochaber Hydropower, GFG Alliance, which bought the 90-year-old smelter and its hydropower facility from mining and metal giant Rio Tinto in a whopping £330 million transaction in 2016, risks fines. Alvance is about 11 months late reporting its accounts for the year ending March 2020, according to Companies House data, while the group is more than six months late filing for different corporate entities linked with the hydropower sector. Companies are...
Alumina Limited year ending net profit increases to US$187.6 million
Freight prices may continue high for the remainder of 2022, eroding margins that helped Alumina Limited post a more than 28% increase in annual earnings last year. The net profit for the year ending December 31 increased to $US187.6 million ($260.7 million) from $US146.6 million the previous year. Alumina Limited will pay a final dividend of US2.8, down from US2.9 last year. The only asset Alumina Limited has is a 40% investment in AWAC, which controls a global portfolio of bauxite mining, alumina refineries, and an aluminium smelter in Portland, Victoria. AWAC reported an increase of 11% in yearly profit to $US443.8 million, boosted by record aluminium prices but hampered by higher freight costs. Due to COVID-19-induced supply chain bottlenecks and interruptions, the cost of exporting...
US aluminium scrap export to Taiwan hikes 2.04% Y-o-Y in November 2021
According to the US Geological Survey, the United States exported 4,000 tonnes of US aluminium scrap in November to Taiwan. On a month-on-month scale, there was escalation of 320 per tonne or 8.69%. In October 2021, 3,680 tonnes of US aluminium scrap was exported to Taiwan, showing a hike of 1,200 tonnes from 2,480 tonnes in September 2021. On a year-on-year calculation, US aluminium scrap exported to Taiwan in November 2021 soared up by 80 tonnes or 2.04% from 3,920 tonnes in November 2021. From January to November, the exported aluminium scrap to Taiwan closed at 29,700 tonnes. For the same period last year, the amount totalled at 39,000 tonnes. Based on the data from the USGS, the total amount of plates, sheets, bars, crude metals and alloys, and scrap, exported to Taiwan for November...
Average alumina spot price in China dips by RMB 27/t to RMB 3,278/t; A00 aluminium ingot price slips by RMB 230/t
On Wednesday, February 23, the average alumina spot price in China has gone down by RMB 27 per tonne to score at RMB 3,278 per tonne, finds the Shanghai Metals Market. For the same day in Shandong and Henan the price has moved down by RMB 5 per tonne to settle at RMB 3,295 per tonne and RMB 3,315 per tonne. In Shanxi as well the price has decreased by RMB 60 per tonne to peg at RMB 3,250 per tonne. On the other hand, in provinces like Guizhou and Guangxi the price has remained unchanged to register at RMB 3,300 per tonne and RMB 3,190 per tonne, for the same day. According to the Shanghai Metals Market, the average alumina spot price in Lianyungang and Bayuquan has also remained restrained to record at RMB 3,125 per tonne and RMB 3,250 per tonne. The Australian alumina FOB price has...
LME aluminium price escalates by US$105/t to peg at US$3,420/t; SHFE price slips by US$16/t
Three-month LME aluminium opened at US$3,285 per tonne on Tuesday morning, and gained US$13 per tonne or 0.4% to close at US$3,303 per tonne. On Tuesday, February 22, LME aluminium cash bid price had escalated by US$106 per tonne or by 3.19% to settle at US$3,419 per tonne. LME aluminium official settlement price also soared up by US$105 per tonne or by 3.16% to total at US$3,420 per tonne. Aluminium prices have been increasing steadily due to three main reasons. First is that energy costs have been rising, the second is that there is a bit of a shortfall due to decreasing Chinese output, and the third is that there has been some worry due to the developing tensions between Russia and Ukraine. 3-month bid price and 3-month offer price registered at US$3, 366 per tonne and US$3,366.50 per...
