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.
LME aluminium price drops by US$7/t to total at US$2,648/t; SHFE price hikes by US$28/t
LME aluminium opened at US$2,611 per tonne last Friday and closed at US$2,616 per tonne, an increase of US$3 per tonne or 0.11 percent. On Friday, December 3, both LME aluminium cash (bid) price and LME aluminium official settlement price moved down by US$7 per tonne or by 0.26 percent to score at US$2,647 per tonne and US$2,648 per tonne, respectively. On the other hand, 3-month bid price and 3-month offer price also decreased by US$12.5 per tonne and US$11 per tonne, to total at US$2,627 per tonne and US$2,629 per tonne for the same day. December 22 bid price and December 22 offer price stood at US$2,610 per tonne and US$2,615 per tonne. LME aluminium opening stock was recorded at 882800 tonnes. Live warrants and cancelled warrants for the same day stood at 677225 tonnes and 205575...
Downstream weekly recap: ElvalHalcor's aluminium rolling division receives aerospace industry AS9100 standard certification; CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. joins ASI as the new general supporter member
The downstream aluminium segment has been in the news for a number of reasons. To begin with, Sortera Alloys, a Fort Wayne, Indiana-based company that uses patented sorting technology and artificial intelligence (AI) to create aluminium packaging from shredded autos, has received a $10 million investment led by Kirkland, Washington-based Breakthrough Energy Ventures. This was followed by the news of Raffmetal and Cromodora Wheels, a European recycler of aluminium alloys and the first equipment producer of aluminium wheels for major automakers, who have agreed to collaborate on the development, testing, and patenting of a unique high-performance primary alloys wheel from recycling. The Aluminium Stewardship Initiative has certified Gränges, an aluminium technology company, against the...
Bauxite weekly recap: Jamalco to initiate public offering (IPO), informs Jamaican Finance Minister Dr Nigel Clarke; Metro Mining signs Bauxite deal with Xiangsen Aluminium worth 5 Million WMT for the next 3 years
This week, the bauxite industry was in the news for a limited number of reasons. To begin with, Dr. Nigel Clarke, Jamaica's Minister of Finance and Public Service, said on Tuesday that Jamaicans may soon be able to participate in Jamalco, a bauxite mining/alumina firm, through an initial public offering (IPO). This was followed by the news of Australia's Metro Mining Ltd. announced that it has expanded and extended its Strategic Cooperation Agreement with Xiamen Xiangsen Aluminium Limited (Xiangsen Aluminium) for the delivery of roughly 5 million wet metric tonnes of bauxite over the next three years. Metro Mining Ltd. of Australia stated last week that it has enlarged and extended its Strategic Cooperation Agreement with Xiamen Xiangsen Aluminium Limited (Xiangsen Aluminium) for the...
Beiersdorf rolls out climate-friendly valves and PCR aluminium cans throughout Nivea aerosol lines
Climate-friendly valves and post-consumer recycled (PCR) aluminium cans are being introduced throughout Beiersdorf's main Nivea aerosol products, resulting in a considerable decrease in total environmental footprint. The action was part of Beiersdorf's larger climate aims, which included a target of reducing total greenhouse gas (GHG) emissions by 30 percent in absolute terms by 2025, compared to 2018 levels, including scope 3 emissions created by ingredient and packaging suppliers in the value chain. Stefan De Loecker, Beiersdorf's long-serving past chairman of the board, stated in March 2020 that climate change is "one of the greatest issues of our time" and assured that the business will continue to work on tackling it. In its H2 2021 financial report, the firm restated its commitment...
US aluminium crude metals and alloys import from Bahrain soars up by 107.66% Y-o-Y in September 2021
According to the US Geological Survey (USGS), the United States imported 13,000 tonnes of US aluminium crude metals and alloys from Bahrain in September 2021, showing a month-on-month surge of 6,680 tonnes or by 105.69 percent. In August 2021, 6,320 tonnes of aluminium crude metals and alloys were imported from Bahrain, showing an increase of 4,270 tonnes from 2,050 tonnes in July 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Bahrain in September 2021 escalated by 6,740 tonnes or by 107.66 percent from 6,260 tonnes. From January to September, the imported aluminium crude metals and alloys from Bahrain closed at 83,900 tonnes. For the same period last year, the amount totalled at 55,700 tonnes. Based on the data shared by the United States...
CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. joins ASI as the new General Supporter member
On Wednesday, December 1, Aluminium Stewardship Initiative announced that CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. has joined ASI as the new General Supporter member. With this, the total number of members in ASI comes to 203. CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. (hereafter referred to as "QXC") is a completely owned subsidiary of SPIC Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. QXC was founded in August 1999 and has approximately 398 million RMB in assets and 420 employees. QXC now possesses two carbon material production lines with a combined capacity of 40,000 tonnes, making it one of China's largest cathode carbon producers with the most diverse product lines. QXC has consistently adhered to the safety management objectives of "zero injuries, zero...
LME aluminium price moves down by US$14.5/t to settle at US$2,655/t; SHFE price slips by US$33/t
LME aluminium opened at US$2,648.5 per tonne on Thursday and closed at US$2,613 per tonne down US$35 per tonne or 1.32 percent. On Thursday, December 2, LME aluminium cash (bid) price decreased by US$15 per tonne or by 0.56 percent to close at US$2,654 per tonne. LME aluminium official settlement price also moved down by US$14.5 per tonne or by 0.54 percent to total at US$2,655 per tonne. 3-month bid price and 3-month offer price closed at US$2,639.50 per tonne and US$2,640 per tonne, as of Thursday. December 22 bid price and December 22 offer price was recorded at US$2,630 per tonne and US$2,635 per tonne. LME aluminium opening stock settled at 889575 tonnes. Live warrants for the same day were recorded at 677225 tonnes, while cancelled warrant closed at 212350 tonnes. LME aluminium...
Launched! AlCircle’s new report on “World Recycled Aluminium Market Analysis - Industry Forecast to 2026”
AlCircle has come up with its latest sector focus report 2021, titled, “World Recycled Aluminium Market Analysis - Industry Forecast to 2026.” The report shows how the recycled aluminium industry has pulled itself up after experiencing fluctuating demand due to the pandemic and subsequent lockdowns in 2020 and early 2021. In 2021, the worldwide recycled aluminium usage is estimated to reach 26 million tonnes, owing to the unwinding of pent-up demand. This report provides a deeper look into the world aluminium recycling market and its possibility to grow more in the years ahead. In this report, AlCircle has highlighted the usage of recycled aluminium across major regions like China, North America, South America, Western Europe, Eastern Europe, etc. China is the world's largest consumer of...
Aluminium billet inventories in China drops by 7,200 tonnes this week to total at 71,700 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China drops by 7,200 tonnes week-on-week across five major consumption areas. Due to which the inventories stood at 71,700 tonnes as of Thursday, December 2. The greatest contributor to the dropping social inventory was still Foshan, which had its local inventory decline 6,400 tonnes, or 21.05 percent, during the week. Wuxi and Changzhou had lower stocks, whereas Huzhou and Nanchang had somewhat higher inventories. The losses in weekly social inventory were still caused by decreased aluminium billet arrivals. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium inventories moved down 6,400 tonnes this week to close at 24,000 tonnes. In Wuxi,...
US aluminium scrap export to South Korea escalates by 3.30% Y-o-Y in September 2021
As per the US Geological Survey (USGS), the United States exported 25,000 tonnes US aluminium scrap to South Korea in September 2021, showing a month-on-month decrease of 200 tonnes or by 0.79 percent. In August 2021, 25,200 tonnes of US aluminium scrap was exported to South Korea, flaunting an elevation of 19.43 percent from 21,100 in July 2021. On a year-on-year scale, US aluminium scrap received by South Korea in September 2021, surged up by 800 tonnes or by 3.30 percent from 24,200 tonnes in September 2020. From January to September 2021, the exported scrap to South Korea totalled at 193,000 tonnes. For the same period last year, the amount closed at 214,000. According to the data shared by the United States Geological Survey, the total amount aluminium plates, sheets, bars, crude...
Alba’s BoD meeting for Q4 2021 approves offtake agreement with South32 for the supply of Alumina
On Wednesday, December 1, Aluminium Bahrain B.S.C (Alba), the world’s largest smelter outside China, held its Board of Directors (BoD) meeting in person for Q4 2021. The meeting was conducted at the Alba Oasis Hall, following all the COVID-19 protocols and guidelines laid down by Bahrain National Medical Task Force for Combating the Coronavirus. “Thanking the Management team and everyone in the workforce on Alba's record-breaking performance for the 9-months of 2021 and stated that Alba is on track to set new benchmarks by finishing 2021 strong. We are also pleased to issue a Limited Notice to Proceed, subject to successful financial closure, towards Mitsubishi & SEPCO III Consortium to be the Engineering, Procurement and Construction contractor for the fourth additional block in Power...
LME aluminium price ascends by US$34.5/t to stand at US$2669.50/t; SHFE price moves down by US$8/t
LME aluminium opened at US$2,621 per tonne on Wednesday and closed at US$2,648 per tonne, an increase of US$23 per tonne or 0.88 percent. On Wednesday, December 1, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$34.5 per tonne or by 1.30 percent to total at US$2,669 per tonne and US$2,669.50 per tonne. 3-month bid price and 3-month offer price stood at US$2,646 per tonne and US$2,646.50 per tonne. December 22 bid price and December 22 offer price closed at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock was recorded at 893775 tonnes, as of December 1. Live warrants for the same day stood at 576325 tonnes, while cancelled warrant totalled at 317450 tonnes. LME aluminium 3-month Asian Reference Price moved up by US$17.94...
Jamalco to initiate public offering (IPO), informs Jamaican Finance Minister Dr Nigel Clarke
Dr Nigel Clarke, Minister of Finance and the Public Service, indicated on Tuesday that Jamaicans may soon be able to invest in the bauxite mining/alumina business company, Jamalco, through an initial public offering (IPO). Dr Clarke informed the House of Representatives that the Government of Jamaica is trying to incorporate Jamalco and list the Government of Jamaica's 45 percent stake in the firm on the Jamaica Stock Exchange. He also informed about the future plans of the company, which includes rebuilding the bauxite/alumina plant’s power house in Clarendon, which is expected to be funded by US$250 million insurance claims for the damage, which has forced the company to shut down operations since September. “The shareholders of JAMALCO, CAP and the government of Jamaica will have to be...
Indiana based aluminium packaging firm Sortera Alloys receives US$10 million funding
Sortera Alloys, a Fort Wayne, Indiana-based firm that produces aluminium packaging from shredded automobiles using proprietary sorting technology and artificial intelligence (AI), has acquired $10 million in investment headed by Kirkland, Washington-based Breakthrough Energy Ventures. Sortera plans to utilise the funds to expand its operations and hire more people. Chrysalix and the Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) have previously funded Sortera, which is based on a 10-acre site near Fort Wayne. The firm is a spin-off from the ARPA-E METALS (Modern Electro/Thermochemical Advances in Light Metal Systems) programme, and it is directed by a team with advanced materials, electronic instrumentation, and equipment development experience. Sortera claims to...
Average alumina spot price in China descends by RMB 10/t to close at RMB 3,394/t; A00 aluminium ingot price climbs by RMB 30/t
According to the Shanghai Metals Market, the average alumina spot price has shrunk by RMB 10 per tonne to close at RMB 3,394 per tonne, as of Wednesday, December 1. The average alumina price in Henan has decreased by RMB 10 per tonne to stand at RMB 3,415 per tonne, as of December 1. For the same day, in provinces like Shanxi and Guangxi the price has dropped by RMB 15 per tonne and RMB 10 per tonne to total at RMB 3,400 per tonne and RMB 3,215 per tonne, respectively. For provinces like Shandong and Guizhou the price remained restrained and stood at RMB 3,500 per tonne and RMB 3,360 per tonne. In places like Lianyungang and Bayuquan, the prices remained the same and closed at RMB 3,150 per tonne and RMB3,200 per tonne. Australian alumina FOB price has remained the same at US$385 per...
ElvalHalcor's aluminium rolling division receives aerospace industry AS9100 standard certification
Elval, ElvalHalcor's Aluminium Rolling Division was certified against the AS9100 standard after meeting all of the standard's requirements and receiving extremely favourable feedback from the assessors. AS9100 is one of the most recent standards developed by the International Aerospace Quality Group (IAQG), which is made up of members from the aerospace sector from all around the world. The AS9100 certification provides Elval access to the aviation and aerospace supply chain, bringing up new opportunities for ElvalHalcor. The standard is aimed at companies who create, produce, or offer aviation, space, and defence goods and services, including parts, components, and assemblies, with the goal of assisting them in meeting their clients' unique needs. In the aircraft sector, aluminium has a...
Japanese aluminium shipments premium for Q1 2022 finalised at US$195/t, down 11% Q-o-Q
Two sources directly involved in quarterly price discussions stated on Tuesday, November 30 that one major aluminium manufacturer has offered Japanese customers premiums of US$195 per tonne for January-March (Q1 2022) primary metal shipments, down 11 percent from the Q4 2021. Japan is Asia's largest importer of the metal, and it has agreed to pay quarterly premiums over the London Metal Exchange (LME) cash price for primary metal shipments. The region's benchmark was established by CMAL0. Previously for aluminium shipments for the Q4 2021, the amount of premium paid was recorded at US$220 per tonne. For the Q3 quarter, Japanese aluminium purchasers paid US$185 for shipments. Japanese purchasers agreed to pay a premium of US$220 per tonne PREM-ALUM-JP in the October-December quarter, up 19...
Replacement of primary aluminium by scrap will be sluggish until usage increases in the associated areas
The market has recently begun to speculate the impact of aluminium scrap on primary aluminium consumption in the coming year. However, the impact of scrap aluminium on primary aluminium will be less than anticipated as it has a number of drawbacks. The fundamental reason for this is because all aluminium scrap is alloyed, and aluminium purification is expensive. As a result, only downstream processes may utilise the recovered aluminium scrap. Due to the high element composition requirements, there is not a substantial volume of aluminium scrap available for usage in aluminium rods and primary alloys. For manufacture, almost only primary aluminium or even low-iron, high-purity aluminium may be utilised. Only three industries may use recycled aluminium scrap: classic secondary cast...
