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.
Aluminium Dunkerque reduces metal output due to rise in power price
According to a labour union spokesman, Aluminium Dunkerque Industries France has reduced metal output in the last two weeks due to a rise in power rates. According to union official Laurent Geeraert, the reductions correspond to around 3% of Aluminium Dunkerque's manufacturing capacity. Since the beginning of November, the plant has lost nearly 20 million euros ($22.6 million), and more curtailments may be necessary if electricity prices continue high, he added. The cuts were verified by a second source familiar with the activities. While aluminium prices have increased by more than 40% this year, and demand for the plant's goods is increasing, profitability has been undercut by a significantly higher increase in electricity rates in recent weeks. The electricity needed to create one...
Adaro Energy signs a letter of intent to invest in an aluminium smelter project in Indonesia
PT Adaro Energy based in Indonesia signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. Adaro Energy, an Indonesian coal business, said in a statement on Thursday that it aims to build a $728 million aluminium smelter in a new industrial zone on Borneo Island. According to a release, Adaro ENergy signed a letter of intent this week to invest in a smelter project to be developed at the Green Industrial Park Indonesia in North Kalimantan province. The new estate is being developed by PT Kalimantan Industrial Park Indonesia, a group managed by Adaro's President Director Garibaldi Thohir. The park has been designated as "green" by the government owing to a proposal to power industrial activity...
LME aluminium price surges by US$115/t to close at US$2,811/t; SHFE price went up by US$65/t
LME aluminium opened at US$2,760 per tonne on Wednesday and closed at US$2,822 per tonne, an increase of US$53.5 per tonne or 1.93 percent. On Wednesday, December 22, LME aluminium cash (bid) price surged by US$115.5 per tonne or by 4.28 percent to clock at US$2,810.50 per tonne. LME aluminium official settlement price escalated by US$115 per tonne or by 4.26 percent to stand at US$2,811 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,828 per tonne and US$2,829 per tonne. December 22 bid price and December 22 offer price registered at US$2,798 per tonne and US$2,803 per tonne. LME aluminium opening stock was recorded at 970425 tonnes. Live warrants and Cancelled warrants totalled at 754300 tonnes and 216125 tonnes. LME aluminium 3-month Asian Reference...
US aluminium scraps export to Taiwan slips by 28.93% Y-o-Y in September 2021
According to the US Geological Survey (USGS), the United States exported 2,480 tonnes of US aluminium scrap to Taiwan in September 2021, showing a month-on-month hike of 70 per tonne or by 2.90 percent. In August 2021, 2410 tonnes of US aluminium scrap was exported to Taiwan, showing a decrease of 30 per tonne from 2,440 tonnes in July 2021. On a year-on-year calculation, US aluminium scraps export to Taiwan in September 2021 plummeted by 1,010 tonnes or by 28.93 percent from 3,490 tonnes. From January to September, the exported aluminium scraps to Taiwan closed at 22,000 tonnes. For the same period last year, the amount totalled at 30,500 tonnes. According to the data shared by the USGS, the total amount of US aluminium plates, sheets, bars, crude metals and alloys, and scrap, exported...
Lewisport aluminium rolling mill to receive US$167 million investment from Commonwealth Inc.
Commonwealth Rolled Products Inc. will invest more than $167 million in its Lewisport aluminium rolling factory, says Kentucky Governor Andy Beshear. The 2.3 million-square-foot facility, which is now owned by New York-based American Industrial Partners (AIP), contains a large cast house and melt shop. According to the governor's office, the Commonwealth investment will include new equipment and facility modifications to modernise the business and better position the Commonwealth to service automotive and industrial clients. “This is an exciting time for the company, our customers, employees and the local community. The investment will allow us to complete the over $750 million investment program we started in 2015 to make the Lewisport facility the most modern and cost competitive...
A00 aluminium ingot price in China hikes by RMB 140/t; Aluminium alloy (A356) price escalates by RMB 100/t
On Wednesday, December 22, the average alumina spot price in China has remained restrained to stand at RMB 2,818 per tonne, found the Shanghai Metals Market. The average alumina price in Shandong and Henan has also remained the same to come in at RMB 2,915 per tonne and RMB 2,815 per tonne, for the same day. On the other hand in provinces like Shanxi, Guizhou, and Guangxi the price has stood the same as well. The price has been recorded at RMB 2,815 per tonne, RMB 2,850 per tonne and RMB 2,735 per tonne. In Lianyungang and Bayuquan also the price has stood the same at RMB 2,925 per tonne and RMB 2,975 per tonne. The Australian alumina FOB price has remained the same to clock in at RMB 345 per tonne. The price of A00 aluminium ingot has surged by RMB 140 per tonne to register at RMB 19,560...
LME aluminium price hikes by US$50.5/t to stand at US$2,696/t; SHFE price ascends by US$37/t
On Tuesday, December 21, LME aluminium cash (bid) price hiked by US$50 per tonne or by 1.89 percent, while LME aluminium official settlement price for the same day soared up by US$50.5 per tonne or by 1.90 percent, respectively. The prices stood at US$2,695 per tonne for LME aluminium cash (bid) and US$2,696 per tonne for LME aluminium official settlement price. 3-month bid price and 3-month offer price for the same day closed at US$2,714 per tonne and US$2,716 per tonne. December 22 bid price and December 22 offer price totalled at US$2,698 per tonne and US$2,703 per tonne. LME aluminium opening stock stood at 971600 tonnes. Live warrants and Cancelled warrants was recorded at 754300 tonnes and 217300 tonnes. LME aluminium 3-month Asian Reference Price registered at US$2,686.63 per...
Australian Bauxite changes its name to ABx Group
Paul Lennon, the Chairman of the board at Australian Bauxite Limited, claims that a Tasmanian miner pursuing high technology has developed two "major prospects with tremendous upside potential in the near future." Shareholders of Australian Bauxite Limited voted decisively on Thursday to alter the company's name to ABx Group Limited, reflecting the company's diversification away from its most well-known operation, bauxite mining. Mr. Lennon, the former Tasmanian Labor premier, informed shareholders on mining intentions as well as the activities of the two high-tech businesses. These include the finding of rare earth elements in its Tasmanian bauxite tenements and the development of technology by its 87 percent-owned subsidiary Alcore to generate profitable aluminium fluoride for use in...
Aluminium slips by -2% to stand at 216.5 due to ongoing pandemic scenario, says Aluminum Mini Futures
On Monday, December 20, Aluminum Mini Futures dropped by -2 percent to stand at 216.15 as the COVID-19 pandemic scenario remained depressing, and the omicron version was discovered in many locations, which alarmed the market. Aluminium supply remained low, and strong downstream demand continued to push down societal inventories of aluminium ingots. SHFE aluminium, on the other hand, has lost its upside momentum due to a slowing drop in aluminium ingot inventories and declining alumina prices. The International Aluminium Institute (IAI) reported that global primary aluminium output declined 0.22 percent year-on-year in November to 5.497 million tonnes. According to the IAI, Chinese output fell to 3.16 million tonnes in November 2021 from 3.207 million the previous month. China's aluminium...
LME aluminium price moves down by US$47/t; SHFE price decreases by US$29/t
On Monday, December 20, LME aluminium cash (bid) price moved down by US$47 per tonne or 1.74 percent to stand at US$2,645 per tonne. LME aluminium official settlement price on the other hand dropped down by US$48.5 or by 1.80 percent to come in at US$2,645.50 per tonne, for the same day. 3-month bid price and 3-month offer price was recorded at US$2,674 per tonne and US$2,675 per tonne. December 22 bid price and December 22 offer price stood at US$2,655 per tonne and US$2,660 per tonne. LME aluminium opening stock closed at 975825 tonnes. Live warrants and cancelled warrant closed at 754300 tonnes and 221525 tonnes. LME aluminium 3-month Asian Reference Price settled at US$2,694.50 per tonne. SHFE Aluminium Price Trend On Tuesday, December 21, the benchmark aluminium price for SHFE...
European Aluminium files two cases with the General Court of the European Union
European Aluminium, which represents the entire European aluminium value chain, has filed two cases with the European Union's General Court to challenge the European Commission's 9-month suspension of definitive anti-dumping duties on Chinese aluminium flat-rolled products, which was imposed on October 12, 2021. The industry describes the postponement of the long-overdue trade defence measure as unwarranted, pointing out the negative impact it might have on European employment and businesses, as well as the bloc's long-term sustainability policy. The first case challenges the suspension decision of the European Commission. The second complaint concerns the failure to collect interim anti-dumping taxes, which were issued in April of this year. European Aluminium filed both cases on...
US aluminium plates, sheets, and bars import from South Africa slumps by 31.71% Y-o-Y in September 2021
According to the US Geological Survey (USGS), the US imported 3,510 tonnes of US aluminium plates, sheets, and bars from South Africa in September 2021, showing a month-on-month descend of 3,780 per tonnes or by 51.85 percent. In August 2021, 7,290 tonnes of US aluminium plates, sheets, and bars were imported from South Africa, showing a hike of 6,270 tonnes from 1,020 tonnes in July 2021. On a year-on-year calculation, the US aluminium plates, sheets, and bars imported from South Africa in September 2021 moved down by 1,630 tonnes or by 31.71 percent from 5,140 tonnes. From January to September, the imported aluminium plates, sheets, and bars from South Africa stood at 26,200 tonnes. For the same period last year, the amount closed at 25,500 tonnes. As per the data shared by the USGS,...
Average alumina spot price in China slips by RMB 11/t to stand at RMB 2,823/t; A00 aluminium ingot price ascends by RMB 200/t
The average alumina spot price in China has opened the week on Monday, December 20, slumping by RMB 11 per tonne or by 0.38 percent to stand at RMB 2,823 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan, the price has gone down by RMB 10 per tonne to close in at RMB 2,940 per tonne and RMB 2,815 per tonne. In Shanxi and Guizhou also the price has slipped by RMB 10 per tonne to stand at RMB 2,815 per tonne and RMB 2,915 per tonne. In Guangxi the price has descended by RMB 15 per tonne to close at RMB 2,740 per tonne. In Lianyungang and Bayuquan, the price has fallen down by RMB 50 per tonne to peg at RMB 2,950 per tonne and RMB 3,000 per tonne. The Australian alumina FOB price has remained the same to stand at RMB 345 per tonne. On the other hand, the...
Recycled aluminium weekly recap: Every Can Counts initiative programme welcomes Brazil in its recycling drive; Aluminij Industries d.o.o, Glencore International AG inks two year supply agreement for primary remelt aluminium and offtake contract for extrusion billets
The recycled sector of the aluminium industry has been in the news for a good number of reasons. To begin with, AlCircle published its sector focus report 2021, titled, “World Recycled Aluminium Market Analysis – Industry Forecast to 2026.” The report delves further into the global aluminium recycling industry and its potential for growth in the coming years. Next on track was the news about, Brazil becoming a part of the Every Can Counts initiative, the first country outside Europe to join the drive. With a recycling rate of over 95 percent for aluminium cans, Brazil will be a prominent partner in Europe's top drink can recycling programme. The year 2021 shows how the recycled aluminium industry has bounced back after experiencing fluctuating demand due to the pandemic and ensuing...
Every Can Counts initiative programme welcomes Brazil in its recycling drive
Brazil will be a key participant in Europe's top drink can recycling programme, with a recycling rate of over 95 percent for aluminium cans. The Every Can Counts programme welcomes Brazil to its growing community after 12 years of pushing people to recycle on the move in 19 European nations. A group of brands, organisations, people, and festivals that works together to fulfil the aim of achieving a 100 percent recycling rate for drinking cans. Abralatas, the Brazilian Association of Aluminium Can Manufacturers (Associaço Brasileira dos Fabricantes de Latas de Alumnio), is launching a Brazilian version of Every Can Counts called "Cada Lata Conta." The programme began with a series of environmental education and behaviour change events at Villa-Lobos Park in So Paulo (4-5 December) and a...
Average alumina spot price in China slumps by RMB 26/t to close in at RMB 2,834/t; A00 aluminium ingot price surges by RMB 350/t
According to the Shanghai Metals Market, the average alumina spot price has been in the declining phase since early November. On Friday, December 17, the price has dropped by RMB 26 per tonne or by 0.96 percent to settle at RMB 2,834 per tonne. In Shandong and Henan, the average alumina spot price has gone down by RMB 25 per tonne to come in at RMB 2,590 per tonne and RMB 2,825 per tonne. In Shanxi as well the price has moved down by RMB 25 per tonne to record at RMB 2,825 per tonne. On the other hand in provinces like Guizhou, the price has climbed down by RMB 25 per tonne to stand at 2,925 per tonne for the same day. In Guangxi, the price has decreased by RMB 45 per tonne to register at RMB 2,755 per tonne. In Lianyungang and Bayuquan, the price has remained restrained to peg at RMB...
LME aluminium price hikes by US$33/t to close at US$2,630/t; SHFE price moves up by US$71/t
LME aluminium opened at US$2,605 per tonne on Thursday and closed at US$2,690.5 per tonne, an increase of US$80 per tonne or 3.08 percent. On Thursday, December 16, LME aluminium cash (bid) price hiked by US$32 per tonne or by 1.23 percent to close in at US$2,628 per tonne. LME aluminium official settlement price also levelled up by US$33 per tonne or by 1.27 percent to come in at US$2,630 per tonne. 3-month bid price and 3-month offer price totalled at US$2,644 per tonne and US$2,645 per tonne for the same day. December 22 bid price and December 22 offer price was recorded at US$2,638 per tonne and US$2,643 per tonne. LME aluminium opening stock registered at 984650 tonnes. Live warrants and cancelled warrant for the same day was found out to be 849025 tonnes and 135625 tonnes,...
Aluminium billet inventories in China shrink by 10,000 tonnes this week to stand at 75,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China dropped by 10,000 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 75,500 tonnes as of Thursday, December 16. Except for Huzhou, where inventory remained unchanged from the previous week, all four markets witnessed local social inventory fall to varied degrees. Wuxi and Nanchang were responsible for the majority of the decreases, with inventories falling by 5,000 mt and 2,800 mt, respectively, a loss of 26.18 percent and 26.67 percent week on week. According to warehouse feedback, aluminium billet arrivals were low, particularly in Wuxi and Nanchang, as aluminium billet makers were less eager to make shipments when conversion margins were low recently. The chart...
