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.
Average alumina spot price in China moves up by RMB 14/t to peg at RMB 3,143/t; A00 aluminium ingot price surges by RMB 420/t
According to the Shanghai Metals Market, average alumina spot price in China has grown by RMB 14 per tonne to close at RMB 3,143 per tonne. In Shandong and Guizhou, the price has moved up by RMB 10 per tonne to stand at RMB 3,145 per tonne and RMB 3,020 per tonne. On the other hand in Henan and Shanxi, the price has shown a growth by RMB 15 per tonne to clock at RMB 3,170 per tonne and RMB 3,155 per tonne, for the same day respectively. In Guangxi also the price has grown by RMB 10 per tonne to peg at RMB 3,060 per tonne. Only in Lianyungang and Bayuquan, the price has remained the same to settle at RMB 3,000 per tonne and RMB 3,050 per tonne. The A00 aluminium ingot price in China has also escalated by RMB 420 per tonne to score at RMB 21,590 per tonne. The average prices are expected to...
LME aluminium price grows by US$19.5/t to clock at US$3,064/t; SHFE price ascends by US$62/t
Three-month LME aluminium opened at US$3.39.5 per tonne on Tuesday and closed at US$3.95 per tonne, an increase of $57 per tonne or 1.88%. On Tuesday, January 25, LME aluminium cash (bid) price stepped up by US$19 per tonne or by 0.62% to peg at US$3,063 per tonne. On the other hand, LME aluminium official settlement price also hiked by US$19.5 per tonne or by 0.64% to register at US$3,064 per tonne, for the same day respectively. 3-month bid price and 3-month offer price also recorded at US$3,060 per tonne and US$3,061 per tonne. December 23 bid price and December 23 offer price closed at US$2,780 per tonne and US$2,785 per tonne. LME aluminium opening stock settled at 845625 tonnes. Live warrants and Cancelled warrants clocked at 451525 tonnes and 394100 tonnes. LME aluminium 3-month...
Aluminium consumption may hike by 10% due to increased demand of electric cars
As India's economy aims to develop at 9% or more in the next years, one of the country's biggest challenges will be to rebalance its energy demands in favour of renewables by 2030, according to the Paris Agreement. This is where the aluminium industry will play a bigger role than it has in the past. Aluminium consumption will expand at a CAGR of 10% or more due to rapid development in electric cars, renewables, contemporary infrastructure, energy efficient consumer products, and a higher reliance on critical industries such as aerospace and defence. For example, the amount of aluminium used in an EV battery is 40-50 percent higher than in a conventional ICE. Because it is three times lighter than steel, it improves fuel economy, making it an excellent alternative for electric vehicles....
Taiwan-based aluminium capacitor manufacturers may witness strong Q1 in 2022
According to industry insiders, Taiwan-based aluminium electrolytic capacitors manufacturers (such as Apaq Technology, Lelon Electronics, and Taiwan Chinsan Electronic) are poised to have a very successful first quarter of 2022 despite constrained availability of upstream materials. The three companies' sales all set new monthly highs in December 2021, and they're likely to keep growing in the first quarter of 2022, according to the sources, as supply of aluminium electrolytic capacitors falls short of demand in the first half of the year. According to the sources, starting the second half of 2021, the world's main aluminium electrolytic capacitor providers Chemi-con, Nichicon, Rubycon, and Panasonic, all located in Japan, have all increased their delivery lead times for shipments to...
US aluminium scrap export to Malaysia grows by 8.70% Y-o-Y in October 2021
According to the US Geological Survey (USGS), the United States exported 48,700 tonnes of US aluminium scrap to Malaysia, showing a month-on-month growth of 7,500 per tonne or 18.20%. In September 2021, 41,200 tonnes of US aluminium scrap were exported to Malaysia, showing a sharp downfall of 15,700 tonnes from 56,900 tonnes in August 2021. On a year-on-year calculation, US aluminium scrap exported to Malaysia in October 2021 moved up by 3,900 tonnes or 8.70% from 44,800 tonnes in October 2020. From January to October, the exported aluminium scrap to Malaysia closed at 428,000 tonnes. For the same period last year, the amount was registered at 44,800 tonnes. As per the data shared by the USGS, the total amount of aluminium plates, sheets, bars, crude metals and alloys, and scrap, exported...
Average alumina spot price in China hikes by RMB 14/t to close at RMB 3,129/t; A00 aluminium ingot price grows by RMB 40/t
On Tuesday, January 25, average alumina spot price in China climbed up by RMB 14 per tonne to clock at RMB 3,129 per tonne, finds the Shanghai Metals Market. In Shandong and Guangxi, the average alumina spot price has moved up by RMB 20 per tonne to stand at RMB 3,135 per tonne and RMB 3,050 per tonne. For the same day in Shanxi and Guizhou the price has hiked by RMB 10 per tonne to peg at RMB 3,140 per tonne and RMB 3,010 per tonne. In Henan, the price has stepped up by RMB 15 per tonne to register at RMB 3,155 per tonne. On the other hand in Lianyungang and Bayuquan, the average alumina spot price has remained unchanged to total at RMB 3,000 per tonne and RMB 3,050 per tonne. The A00 aluminium ingot price has also increased by RMB 40 per tonne to close at RMB 21,170 per tonne. The...
South32 reports record breaking prices for South African aluminium
South32 claimed record aluminium pricing for metal produced by Hillside, its South African smelter, but struggled to clear a backlog of metal due to port congestion in both South Africa and Mozambique, where it has a smelter. The company said it was working on alternate strategies to mitigate a capital increase as a result of larger inventories in a second quarter production report released today. “Third party port performance at Richards Bay and ongoing congestion in global shipping conditions” said South32 It also cited chain supply issues at its global operations as a result of Covid-19. South32 said it took advantage of "different discharge and cargo transportation possibilities" to profit from high aluminium prices. “We expect the current working capital build to unwind once we...
US aluminium plates, sheets and bars import from South Africa hikes by 115.58% Y-o-Y in October 2021
According to the US Geological Survey (USGS), the United States imported 5,670 tonnes of US aluminium plates, sheets and bars from South Africa, showing a month-on-month surge of 2,160 per tonne or 61.53%. In September 2021, 3,510 tonnes of US aluminium plates, sheets and bars were imported from South Africa, showing a sharp decline of 3,780 tonnes from 7,290 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from South Africa in October 2021 climbed up by 3,040 tonnes or by 115.58% from 2,630 tonnes in October 2020. From January to October, the imported aluminium plates, sheets and bars from South Africa registered at 31,800 tonnes. For the same period last year, the amount stood at 28,200 tonnes. As per the data shared by the USGS, the...
Union Budget of India 2022-23: PHDCCI request for re-classification of bauxite and freight cost in the railway tariff structure
With only a few days till the Union Budget 2022, there has been an outpouring of proposals to Finance Minister Nirmala Sitharaman from all corners, notably regarding Railways, which is regarded as India's "lifeline." The PHD Chamber of Commerce and Industry (PHDCCI) has requested that bauxite be reclassified from Class 160 to Class 145 and alumina be reclassified from Class 180 to Class 170 in the Railways tariff structure for Budget 2022. The re-grouping of bauxite and lower freight rates would stimulate increased freight quantities and enable the Indian Railways to generate more income. Aluminium and its raw materials can be moved from category "D" to category "C" of the Railways Preferential Traffic Order to support simplified logistical operations and raw material supply chains. The...
LME aluminium price slips by US$30/t to score at US$3,079.50/t; SHFE price drops by US$44/t
LME aluminium opened at US$3,105 per tonne last Friday and closed at US$3,022 per tonne, down US$92.5 per tonne or 2.97%. On Friday, January 21, LME aluminium cash (bid) price dropped by US$30 per tonne or by 0.96% to close at US$3,079/t. LME aluminium official settlement price also went down by US$30 per tonne or by 0.96% to peg at US$3,079.50 per tonne. 3-month bid price and 3-month offer price settled at US$3,060 per tonne and US$3,061 per tonne. December 23 bid price and December 23 offer price registered at US$2,728 per tonne and US$2,733 per tonne, for the same day. LME aluminium opening stock totalled at 865950 tonnes. Live warrants and Cancelled warrants for the same day also stood at 452325 tonnes and 413625 tonnes. LME aluminium 3-month Asian Reference Price came in at...
Eastern Shipbuilding Group inaugurates new aluminium fabrication facility
The formal opening of Eastern Shipbuilding Group's new aluminium production plant is being celebrated. The structure was created expressly to aid in the construction of the USCG's offshore patrol cutters. Triumph Gulf Coast provided a five-million-dollar grant to help pay for the project. President of Eastern Shipbuilding Group Joey Disernia stated that this is a significant milestone for the firm. “The saying goes that the rising tide floats all boats. So this represents the rising tide of an economic transformational project,” said Disernia. According to him, it is a custom design to assist the Coast Guard's largest initiative as part of the recapitalization project. The facility includes substantial height and crane capabilities, allowing workers to operate on the boats in a protected...
“As part of the 50th anniversary celebrations, IAI will spotlight the industry's products, people and progress as part of demonstrating how aluminium is shaping a better tomorrow”, Miles Prosser, Secretary General, International Aluminium Institute.
On the 50 th anniversary landmark of the International Aluminium Institute, we are really glad to get an interview from Mr Miles Prosser discussing the role in guiding the global primary aluminium sector toward a more sustainable future. AlCircle: How would you describe the journey so far? Mr Miles Prosser : Over the past fifty years, some things have remained constant while other aspects of the journey have seen some major changes. The IAI has always been focused on sustainability issues – this was present right from the start, along with the idea of building a forum where our members can collaborate to get things done. The specific nature of the sustainability issues may have changed, but our desire to promote aluminium and assist the industry on its sustainability journey hasn't...
US aluminium plates, sheets and bars export to Canada slumps by 19.79% Y-o-Y in October 2021
According to the US Geological Survey (USGS), the United States exported 23,100 tonnes US aluminium plates, sheets and bars to Canada in October 2021, showing a month-on-month plunge of 800 per tonne or 3.34%. In September 2021, 23,900 tonnes of US aluminium plates, sheets and bars were exported to Canada, showing a sharp decline of 2,700 per tonne from 26,600 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bar exported to Canada in October 2021 nosedived by 5,700 tonnes or by 19.79% from 28,800 in October 2020. From January to October, the exported aluminium plates, sheets and bars to Canada pegged at 250,000 tonnes. For the same period last year, the amount had summed up to 249,000 tonnes. As per the data shared by the USGS, the total amount of...
Average alumina spot price in China grows by RMB 45/t to total at RMB 3,105/t; A00 aluminium ingot price slips by RMB 20/t
According to the Shanghai Metals Market, the average alumina spot price in China has surged by RMB 45 per tonne to come in at RMB 3,105 per tonne. The average alumina spot price in Shandong has also grown by RMB 35 per tonne to settle at RMB 3,110 per tonne. On the other hand, in Henan and Shanxi the price has also shot up by RMB 40 per tonne and RMB 50 per tonne to close at RMB 3,125 per tonne, for the same day. The average alumina price in Guizhou and Guangxi has also increased by RMB 25 per tonne and RMB 60 per tonne to peg at RMB 2,975 per tonne and RMB 3,020 per tonne. Only in Lianyungang and Bayuquan, the price has remained restrained to register at RMB 3,000 per tonne and RMB 3,050 per tonne. The Australian alumina FOB price has ascended by US$7 per tonne to close at US$355 per...
Aluminium billet inventory in China escalates by 36,500 tonnes to peg at 176,900 tonnes
The aluminium billet inventories in China escalated by 36,500 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 176,900 tonnes, as of Thursday, January 20. Except for Huzhou, all of the other four markets had increases in inventories. The majority of the rise came from inventory in Foshan and Wuxi, which increased by 21,500 mt and 13,200 mt, respectively, up 29.53 percent and 54.77 percent on a weekly basis. This week, downstream orders decreased even further, resulting in a drop in demand for aluminium billet. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, the aluminium inventories in China grew by 21,500 tonnes to stand in at 72,800 tonnes. In Wuxi, inventories moved...
Russia-Ukraine conflict may affect global aluminium market, says Alcoa Corp.
Alcoa Corp., the largest aluminium manufacturer in the United States, cautioned investors on Wednesday that any confrontation between Russia and Ukraine might affect the global aluminium market. Any form of aggressiveness, according to Chief Executive Officer Roy Harvey, might affect supplies from Russia, the world's second-largest aluminium producer. It might also lead to an increase in energy prices, which would have a knock-on effect on the aluminium sector due to the metal's high energy consumption. In response to a question about the hazards that a war would pose to the sector, Harvey stated that it may also disrupt demand. “That can very quickly impact the supply,” Harvey said in a call with analysts. President Joe Biden stated during a press conference on Wednesday that he believes...
ASI certifies Lizhong Sitong Light Alloys Group against Performance Standard Certification
The Lizhong Sitong Light Alloys Group Co., Ltd. factory in Baoding City, Hebei Province, China, has received Aluminium Stewardship Initiative (ASI) Performance Standard accreditation for the design and manufacturing of alloys, metal additives, and fluxes. The company makes aluminium alloy sheet, strip, foil, tube, bar/billet, profile, wire, and castings for the transportation, packaging, electronic, and aerospace industries, among others. Lizhong Sitong Light Alloys Group Co., Ltd. has been successfully accredited against the ASI Performance Standard for responsible aluminium production, procurement, and stewardship, according to the Aluminium Stewardship Initiative (ASI). The firm, which specialises in the research, development, design, manufacturing, and sales of innovative intermediate...
LME aluminium price surges by US$30/t to stand at US$3,036/t; SHFE price slumps by US$24/t
LME aluminium opened at US$3,012 per tonne on Wednesday and closed at US$3,053 per tonne, an increase of US$33 per tonne or 1.09%. On Wednesday, January 19, LME aluminium cash (bid) price hiked by US$30 per tonne or by 0.99% to peg at US$3,035 per tonne. LME aluminium official settlement price also showed a surge of US$30 per tonne or by 0.99% to settle at US$3,036 per tonne. 3-month bid price and 3-month offer price registered at US$3,026.50 per tonne and US$3,027 per tonne. December 23 bid price and December 23 offer price was recorded at US$2,733 per tonne and US$2,738 per tonne. LME aluminium opening stock stood at 878750 tonnes. Live warrants and Cancelled warrants for the same day was found to be 474675 tonnes and 404075 tonnes. LME aluminium 3-month Asian Reference Price closed at...
