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.
Jamaica: Bauxite mining, alumina processing cost leaps by 0.3% in September
In September, producers had to pay extra money to bring their goods to market, as output prices for the Mining and Quarrying business and the Manufacturing industry both increased by 0.3 percent. The Statistical Institute of Jamaica's newest producer pricing index statistics indicated the rise in production costs (STATIN). Bauxite mining and alumina processing costs increased by 0.3 percent. It was also the primary cause of price increases in the Mining and Quarrying business. The second major group, Other Mining & Quarrying, had a 0.1 percent increase in its index. Meanwhile, the key groupings Food, Beverages, and Tobacco, as well as Chemicals and Chemical Products, each climbed by 0.5 percent, and Refined Petroleum Products, which increased by 0.2 percent, were the biggest contributors...
LME aluminium price ascends by 0.97% to stand at US$2,706/t; SHFE benchamark price moves up by US$14/t
LME aluminium opened at US$2,682 per tonne on Wednesday morning and closed at US$2,686 per tonne, up US$6 per tonne or 0.22 percent. On Wednesday, November 3, LME aluminium cash (bid) price moved up by US$26.5 per tonne or by 0.98 percent to close at US$2,705.50 per tonne. LME aluminium official settlement price increased by US$26 per tonne or by 0.97 percent to close at US$2,706 per tonne. 3-month bid price and 3-month offer price US$2,722 per tonne and US$2,724 per tonne. December 22 bid price and December 22 offer price settled at US$2,677 per tonne and US$2,682 per tonne, respectively. LME aluminium opening stock was on November 3 was recorded at 1019825 tonnes. Live warrants for the same day stood at 625350 tonnes and cancelled warrants totalled at 394475 tonnes. LME aluminium...
US aluminium plates, sheets, bars imports from Oman flaunt an increase of 36.25% Y-o-Y in July 2021
According to the US Geological Survey (USGS), the United States imported 8,720 tonnes of US aluminium plates, sheets, bars etc from Oman in July 2021, showing a month-on-month increase of 1,100 tonnes or by 14.43 percent. In June 2021, 7,620 tonnes of plates, sheets, bars were imported from Oman, flaunting a descend of 17.06 percent from 8,290 tonnes in May 2021. On a year-on-year calculation, US aluminium plates, sheets, bars imported from Oman in July 2021, moved up by 2,320 tonnes or by 36.25 percent from 6,400 tonnes. From January to July 2021, the imported plates, sheets, bars by the United States settled at 51,200 tonnes. For the same period last year, the amount exported by Oman closed at 37,300 tonnes. According to the data shared by the United States Geological Survey, the total...
Aluminium prices to stay high until next year, owing to high energy cost: Global Analysts
Price of aluminium will stay high until next year, since smelters have been compelled to cut production due to increased energy costs. On Monday, Global analysts stated that, the total price of aluminium in 2021 is expected to stand at US$2,450 per tonne and US$2,300 per tonne in 2022, up from US$2,300 per tonne and US$2,100 per tonne in the previous year. The price of aluminium, which is required for making almost everything from soda cans to aeroplane components, had stabilised after reaching a 13-year high of US$3,221 during the third quarter, due to the supply concerns caused by China’s power crunch. In order to decrease the pressure on the power grid, aluminium smelters in China were asked to limit or stop their production. In addition, worldwide producers were also asked to reduce...
Rusal’s largest stakeholders accept the demerger of higher carbon assets by H2 2022
On Monday, En+ group, one of the largest shareholders of Rusal stated that the company is expected to complete the demerger of its higher-carbon assets into a new business in the second half of 2022. Previously, Hong-Kong listed Rusal, largest producer of aluminium outside China had anticipated this procedure to be completed in the first quarter of 2022. As part of the effort, it aims to change its name to AL+, which it expects will help it reach carbon neutrality by 2050. Rusal's high-carbon operations should be demerged, according to En+, which controls 56.9 percent of the company. Sual Partners, Rusal's second-largest stakeholder, also supports the notion, according to En+. Sual Partners, which controls 25.6 percent of Rusal, stated in a separate statement, “fully shares Rusal’s...
LME aluminium ascends by 0.66% to US$2,713/t; SHFE price increases by US$12
Three-month LME aluminium opened at US$2,742 per tonne yesterday and closed at US$2,719.5 per tonne, down 0.51 percent. On Monday, November 1, LME aluminium cash (bid) price soars up by US$18 or by 0.66 percent to stand at US$2,712.50 per tonne. LME aluminium official settlement price also ascended by US$18 or by 0.66 percent to total at US$2,713 per tonne. December 22 bid price and December 22 offer price closed at US$2,660 per tonne and US$2,665 per tonne. LME aluminium opening stock on November 1 stood at 1035525 tonnes. Live warrants settled at 625350 tonnes and cancelled warrants were recorded at 410175 tonnes. LME aluminium 3-month Asian Reference Price for Monday, November 1, closed at US$2,719.42 per tonne. SHFE Aluminium Price Trend On Tuesday, November 2, the benchmark aluminium...
Alupro: The new sponsor of 2022 Student Starpack Awards
Alupro has been announced as the 2022 Student Starpack Awards' newest sponsor. The competition, which is organised by the Institute of Materials, Minerals, and Mining (IOM3), pushes university students to develop new packaging solutions to tackle difficulties given by top businesses. Established in 1964, the Student Starpack Awards aim to inspire the next generation of packaging professionals by discovering, honouring, and supporting exceptional young people and their instructors, encouraging them to bring inventive new ideas to the UK's ever-growing packaging sector. Alupro has released a detailed brief as part of the agreement, requesting applicants to design the principal packaging for a daily personal care product utilising endlessly recyclable aluminium. The judges will be looking...
MISIS researchers in collaboration with Russian experts develops 400°C resistant aluminium alloy
Researchers at the National University of Science and Technology (NUST MISIS) collaborated with other Russian experts to develop a low-cost aluminium alloy that can resist temperatures up to 150°C higher than its counterparts. The material, according to the experts who developed it, would drastically lower the weight and carbon footprint of new rail trains, aeroplanes, and other technology. The Journal of Alloys and Compounds has published their study. In practically all conditions, including the atmosphere, seas, freshwater, many chemical solutions, and most foodstuffs, aluminium and most aluminum-based alloys are extremely corrosion resistant. Aluminium is widely used in aerospace, automotive, electronics, and other sectors because to these qualities, as well as its low specific gravity...
UK’s Energy and Climate Change Minister visit Hynet decarbonisation project at the world’s largest aluminium recycling plant
HyNet, the UK's leading industrial decarbonisation programme, invited Greg Hands, the Minister for Energy and Climate Change, to Warrington to see Novelis, the world's largest aluminium recycling factory. The minister accompanied Warrington South MP Andy Carter to witness how HyNet hydrogen, generated at the UK's first hydrogen production facility, could help the world's largest recycler of aluminium decrease its carbon emissions. The visit comes only a week after the Government designated the Hynet project as a Track 1 cluster to expedite the decarbonisation of North West England and North Wales, reaffirming the government's commitment to the region. Minister Hands learned more about the economic and environmental advantages that would be seen across the area when companies link to...
US and EU concludes 3 years old dispute over aluminium and steel imports, says Commerce Secretary
On Sunday, Commerce Secretary Gina Raimondo said that the US and the European Union (EU) had achieved an agreement to end a three-year dispute over tariffs on steel and aluminium imports from the region. "We've reached an agreement with the EU which maintains the 232 tariffs but allows limited volumes of EU steel and aluminium to enter the US tariff-free," as said by Gina Raimondo to the reporters. "This agreement is significant in that it will reduce costs for American manufacturers and consumers," said Raimondo, highlighting that the cost of steel for manufacturers in the US downstream sectors has more than quadrupled in the last year, according to the Xinhua news agency. According to Raimondo, the EU will withdraw its retaliatory taxes on American goods in exchange. On December 1, the...
LME aluminium descends by 0.95% to US$2,695/t; SHFE price decreases by US$40
LME aluminium opened at US$2,749 per tonne last Friday morning and closed at US$2,733.5 per tonne, down US$14.5 per tonne or 0.53 percent. Both LME aluminium cash (bid) price and LME aluminium official settlement price decreased by US$26 or by 0.95 percent to total at US$2,694.50 per tonne and US$2,695 per tonne. 3-month bid price and 3-month offer price US$2,693 per tonne and US$2,695 per tonne. December 22 bid price and December 22 offer price stood at US$2,628 per tonne and US$2,633 per tonne. LME aluminium opening stock on October 29 settled at 1042800 tonnes. Live warrants were recorded at 625350 tonnes and cancelled warrants closed at 417450 tonnes. LME aluminium 3-month Asian Reference Price for Friday, October 29, totalled at US$2,697.42 per tonne. SHFE Aluminium Price Trend On...
Downstream Weekly Recap: Aluminium scarce related to magnesium supply deficiency from China, says AMAG chief; India’s coal supply curb drags unrest in SMEs of aluminium supply chain
The global aluminium downstream segment has been in the spotlight this week due to a number of events. To begin with, the CEO of AMAG Austria Metall AG, Gerald Mayer cautioned by saying that the primary reason for the aluminium dearth is actually due to the shortage of magnesium supply that resulted from the suffocation of Chinese electricity production at fossil-fired power plants. Also in India, the coal crisis continues, as Indian Industrial Value Chain Council (IIVCC) carried out stating 5000 plus SMEs who are associated with the aluminium value chain have shown disquiet of suffering huge losses if the ongoing dry fuel supply distress experienced by the primary aluminium industry is not immediately resolved. The Aluminium Stewardship Initiative has successfully certified Novelis’...
Crown Holdings secures ASI Performance Standard Certification
Crown Holdings, Inc. has been certified against the Aluminium Stewardship Initiative (ASI) Performance Standard for responsible production, sourcing, and stewardship of aluminium for the Crown Beverage Can Brazil Division Can Plants in Cabreva, S. Paulo; Estancia, Sergipe; Ponta Grossa, Parana; Rio Verde, Goias; Teresina, Piaui; the Can End Plant in Manaus, Amazonas; and the Corporate Office in Cabreva, S. Paulo. The ASI Certification programme is the first complete voluntary sustainability standard project for the aluminium value chain, and it was established after considerable multi-stakeholder input. With the goal of addressing sustainability challenges in the aluminium value chain, the ASI Performance Standard establishes environmental, social, and governance principles and standards....
Aluminium billet inventories in China loses 18,100 tonnes this week to total at 163,100 tonnes
According to the Shanghai Metals Market (SMM), aluminium billet inventories in China dropped by 18,100 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 163,100 tonnes on Thursday, October 28. The major reason behind the decrease in aluminium billet inventories this week was primarily due to stock decline in Foshan and Nanchang. According to SMM, the inventory of aluminium billet descended because this week, there were fewer arrivals of aluminium billet in Foshan, but exports increased as downstream demand increased due to falling aluminium prices and increased demand from conversion plants after Guangdong's power limitation was lifted. The chart below indicates the current status of aluminium billet inventories across China in more detail:...
Novelis to expand its Zhenjiang aluminium production and recycling facility by mid-2024
Novelis, the world's largest aluminium recycler, announced on Friday that it will spend $375 million in its Zhenjiang facility in China to enhance recycling and manufacture of aluminium products used in the car sector. Metal recycling will be critical in the energy transition, which will entail a shift from internal combustion engines to electric vehicles. The expansion project is expected to be completed by the middle of 2024, according to Novelis, a subsidiary of India's Hindalco. "The investment will create a fully integrated supply chain for the automotive market in China between our Zhenjiang rolling and recycling facility and Changzhou automotive finishing plant," said Novelis Novelis, the world's leading producer of automotive sheet, processes almost two million tonnes of aluminium...
University of Leeds advises aluminium industry to invest in green electricity
A research led by the University of Leeds has advised the industry that, in order to achieve the net zero objective, industry must accelerate investment in new technologies that allow materials to be manufactured using renewable power. The report warns that national programmes for replacing fossil fuels with renewables must have a holistic approach to energy consumption and material creation, or industries would be unable to use renewable-generated power. It is critical to ensure that no power is produced from fossil fuels by 2050 in order to achieve net zero emissions. However, if industry is unable to utilise this power, its impact will be limited. Steel production accounts for a tenth of all CO2 emissions in developed nations, but new technologies to make steel using energy are not...
LME aluminium increases by 0.62% to US$2,721/t; SHFE price ascends by US$124
On Thursday, October 28, both LME aluminium cash (bid) price and LME aluminium official settlement moved up by US$17 or by 0.62 percent to close at US$2,720.50 per tonne and US$2,721 per tonne respectively. 3-month bid price and 3-month offer price ascended to US$2,732 per tonne and US$2,733 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,668 per tonne and US$2,673 per tonne. LME aluminium opening stock on October 28 closed at 1051350 tonnes. Live warrants stood at 625350 tonnes and cancelled warrants settled at 426000 tonnes. LME aluminium 3-month Asian Reference Price for Thursday, October 28, stood at US$2,682.55 per tonne. SHFE Aluminium Price Trend On Friday, October 29, the benchmark aluminium price for SHFE ascended by US$124 per tonne to total at...
US aluminium crude metals and alloys imports from Argentina highlight an increase of 20.17% Y-o-Y in July 2021
According to the US Geological Survey (USGS), the United States imported 13,700 tonnes of crude metals and alloys from Argentina in July 2021, displaying a month-on-month ascend of 9,710 tonnes or by 243.35 percent. In June 2021, 3,990 tonnes of aluminium crude metals and alloys were imported from Argentina, a decrease of 78.07 percent from 18,200 tonnes in May 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Argentina in July 2021, escalated by 2,300 tonnes or by 20.17 percent from 11,400 tonnes. From January to July 2021, the imported aluminium crude metals and alloys by the United States closed at 53,400 tonnes. For the same period last year, the amount exported by Argentina settled at 102,000 tonnes. According to the data shared by the United...
