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.
Indian aluminium producers consuming expensive power from grid, following the distress on coal supply
The Aluminium Association of India (AAI) on Tuesday, October 20, informed that India's aluminium makers are taking costlier electricity from the national grid, adding to pressure on utilities with limited coal stock, as state-run Coal India has curtailed supply. Due to a severe shortfall across the nation, state-run Coal India has imposed temporary supply restrictions on non-power users, including the energy-intensive aluminium industry, forcing manufacturers to use the grid. Aluminium producers in India, such as Hindalco Industries Ltd and Vedanta Ltd rely heavily on power supplied by captive utilities, which are not connected to the national grid and where firms generate electricity for their own use. The Aluminium Associates of India (AAI) estimates that the aluminium production may...
LME aluminium price descends by 0.12% to US$3,176/t; SHFE price decreases by US$125
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. LME aluminium cash (bid) price descended by US$3.5 or by 0.11 percent to close at US$3,175.50 per tonne. LME aluminium official settlement price decreased by US$4 or by 0.12 percent to total at US$3,176 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,194 per tonne and US$3,195 per tonne. December 22 bid price stood at US$3,048 per tonne and the offer price for the same day was found to be US$3,053 per tonne. LME aluminium opening stock for October 19 closed at 1103275 tonnes. Live warrants for the same day settled at 625250 tonnes and cancelled warrants closed at 478025 tonnes. LME aluminium 3-month Asian Reference Price for Tuesday, October 19, totalled at US$3204.64 per tonne. SHFE...
US aluminium crude metals and alloys imports from Qatar reflect an increase of 39.62% Y-o-Y in July 2021
According to the US Geological Survey (USGS), the United States imported 5,880 tonnes of crude metals and alloys from Qatar in July 2021, flaunting a month-on-month increase of 2,070 tonnes or 54.33 percent. In June 2021, 3,810 tonnes of aluminium crude metals and alloys were imported from Qatar, a decline of 53.87 percent from 8,260 tonnes in May 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Qatar in July 2021, moved up by 2,330 tonnes or by 39.62 percent from 3,550 tonnes. From January to July 2021, the imported aluminium crude metals and alloys by the United States were recorded at 40,500. For the same period last year, the amount exported by Qatar stood at 40,500 tonnes. According to the data shared by the United States Geological Survey, the...
Novelis plans investment of $130 million to boost Oswego operations
On Monday, October 18, Novelis Inc., one of the leading producers of rolling aluminum and the global leader in beverage can recycling announced that they will invest US$130 million in their Oswego, New York operations to fulfil growing customer demand for sustainable aluminum flat rolled products. This project will enable Novelis to ascend their hot mill capacity at the factory, which services the can, automotive, and specialty products industries, by 124,000 metric tonnes, as well as improve automotive sheet finishing capabilities. Novelis is the world's biggest supplier of aluminum automotive sheet, which is used to construct structural components and exterior body panels in over 225 vehicle types manufactured by leading automakers around the world. Novelis aluminum is developed to...
Govt. of India has no involvement in RAKIA’s international arbitration
According to reports, the Government of India informed the state of Andhra Pradesh that it has no involvement in the international arbitration brought by the Ras-Al-Khaimah Investment Authority (RAKIA) over the cancellation of a Bauxite supply deal between Andhra Pradesh Mineral Development Corporation (APDMC) and ANRAK Aluminium Limited. The Centre, which is also a party in the arbitration petition, is said to have chastised the State administration for withdrawing the arrangement without alerting the Centre while the matter is being heard in a London court. Based on a MoU signed with the Andhra Pradesh Mineral Development Corporation (APMDC) for bauxite mining, Ras Al-Khaimah Investment Authority (RAKIA) and the Penna Group collaborated to build an alumina refinery in Makavarapalem in...
LME aluminium price ascends by 0.53% to US$3,180/t; SHFE price increases by US$54
Three-month LME aluminium closed at US$3,170 per tonne, down 0.16 percent. On Monday, October 18, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$17 or by 0.53 percent to settle at US$3,179 per tonne and US$3,180 per tonne. 3-month bid price and 3-month offer price settled at US$3,198 per tonne and US$3,200 per tonne. December 22 bid price was recorded at US$3,040 per tonne and the offer price for the same day totalled at US$3,045 per tonne. LME aluminium opening stock for October 18 settled at 1111525 tonnes. Live warrants for the same day totalled at 625250 tonnes and cancelled warrants stood at 486275 tonnes. LME aluminium 3-month Asian Reference Price for Monday, October 18, totalled at US$3220.88 per tonne. SHFE Aluminium Price Trend On...
LME aluminium price increases by 0.34% to US$3,163/t; SHFE price surges by US$80
Three-month LME aluminium opened at US$3,127 per tonne last Friday and closed at US$3,175 per tonne, up 1.15 percent. LME aluminium cash (bid) price moved up by US$10.5 or by 0.33 percent to score at US$3,162 per tonne. LME aluminium official settlement price for the same day ascended by US$11 or by 0.34 percent to settle at US$3,163 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,185 per tonne and US$3,158.50 per tonne. December 22 bid price closed at US$3,013 per tonne and the offer price for the same day settled at US$3,018 per tonne. LME aluminium opening stock for October 15 settled at 1118325 tonnes. Live warrants for the same day closed at 625750 tonnes and cancelled warrants settled at 492575 tonnes. LME aluminium 3-month Asian Reference Price for Friday,...
AMAG announces record breaking earnings in Q3 2021 with EBIDTA of 53 million
In the first nine months of 2021, the AMAG group set new revenue and earnings records. The key reasons for this were consistent production results, increased export quantities, and a competitive aluminium pricing. AMAG is a major Austrian premium provider of high-quality aluminium cast and flat rolled products for a wide range of sectors, including aerospace, automotive, sporting goods, lighting, mechanical engineering, construction, and packaging. “After a difficult year 2020, we have been able to cope with the challenges in connection with the rapid recovery since the beginning of the year and have achieved a very positive result. Aluminium production in Canada contributes significantly to that. At our Ranshofen site, we successfully met high demand from various industries and at the...
Dubal Holdings appoints Ahmad Hamad Bin Fahad as the new CEO
Dubal Holding, the investment arm of Investment Corporation of Dubai (ICD), announced Ahmad Hamad Bin Fahad as the new Chief Executive Officer of the company. Saaed Mohammed Al Tayer, the chairman of Dubal Holding, stated that Ahmad Hamad Bin Fahad’s appointment as the CEO was based on his effectiveness in promoting the interest and success of the company. Bin Fahad is a seasoned international investor with over two decades of experience. His experience includes JV structures, business development, mergers and acquisitions among other things. Before joining Dubal Holding, Ahmad Hamad Bin Fahad he worked at Etisalat International Investment, Istihmar World Ventures and Millennium Finance Corporation. Apart from this, he is also the vice-chairman of Dubai Waste Management Centre Project,...
Environment Southland evaluates contamination at Tiwai Point aluminium smelter site
Environment Southland is spearheading a project to determine the extent and effect of pollution at Tiwai Point, which involves analysing the complete site investigation (DSI) report shared by New Zealand Aluminium Smelters. The DSI study, which details the pollutants discovered at the Tiwai Point aluminium smelter, is an important part of Environment Southland's efforts. According to Rob Phillips, the chief executive of Environment Southland, the DSI report was received by the council in August 2021. Since then, EHS Support, the council's environmental experts, has been analysing the data and will present their findings in late October. "This report is an important part of our broader work programme to determine the extent of contamination at the site. We know there will be further...
LME aluminium price ascends by 2.47% to US$3,152/t; SHFE price increases by US$54
Three-month LME aluminium opened at US$3,055 per tonne on Thursday morning and ranged between US$3,028-3,174 per tonne before closing at US$3,139 per tonne, up US$84 per tonne or 2.75 percent. On Thursday, October 14, LME aluminium cash (bid) price climbed up by US$76.5 or by 2.48 percent to settle at US$3,151.50 per tonne. LME aluminium official settlement price for the same day soared up by US$76 or by 2.47 percent to close at US$3,152 per tonne. 3-month bid price and 3-month offer price was recorded at US$3,171 per tonne and US$3,172 per tonne. December 22 bid price stood at US$3,002 per tonne and the offer price for the same day closed at US$3,007 per tonne. LME aluminium opening stock for October 14 was recorded at 1126550 tonnes. Live warrants for the same day settled at 629250...
Forest of Dean District Council launches an educational campaign to recycle aluminium foil
The Forest of Dean District Council has launched an educational campaign to boost aluminium foil collection and recycling rates. The scheme, which is being carried out in collaboration with the Aluminium Packaging Recycling Organisation (Alupro) and the European Aluminium Foil Association (EAFA), will see card hangers installed on 37,000 waste bins around the area. The programme attempts to boost aluminium packaging recycling rates by reminding homeowners which foil packaging products may be recycled and which would contaminate local collections. The hangers also describe how to prepare aluminium foil for recycling, in addition to providing best practise recommendations. “While local residents are confident about recycling most types of metal packaging, we’ve recently introduced foil...
Aluminium varieties price remains stable despite power rationing
The coup in Guinea, a country rich in bauxite, in early September sparked market fears about a shortage of raw materials. Due to the dual control of energy use and the steep rise in coal costs, coupled with power rationing measures, the domestic power supply is tightening. The most actively traded SHFE aluminium contract reached a new high of RMB 24,000 per tonne. In late September, the funds fled the market, and downstream manufacturers were subjected to power rationing rules. Consumption was subdued, and aluminium contracts on the SHFE were adjusted. On September 30, the most actively traded SHFE aluminium futures ended at RMB 22,405 per tonne, up 10.54% from the previous month. At the same time, in September, the Fed continued to implement its liquidity easing strategy, Guinea suffered...
LME aluminium price soars up by 0.78% to US$3,076/t; SHFE price moves down by US$66
Three-month LME aluminium opened at US$3,040 per tonne on Wednesday morning and ranged between US$2,996-3,118.5 per tonne before closing at US$3,055 per tonne a drop of US$11 per tonne or 0.36 percent. On Wednesday, October 13, LME aluminium cash (bid) price ascended by US$24 or by 0.78 percent to total at US$3,075 per tonne. For the same day, LME aluminium official settlement price also increased by US$24 or by 0.78 percent to settle at US$3,076 per tonne. 3-month bid price and 3-month offer price closed at US$3,088 per tonne and US$3,089 per tonne. December 22 bid price was recorded at US$2,928 per tonne and the offer price for the same day stood at US$2,933 per tonne. LME aluminium opening stock for October 13 settled at 1128500 tonnes. Live warrants for the same day closed at 637425...
China’s Carbon Strategy ushers in a new era of secondary aluminium development
Domestic aluminium scrap accounts for 89 percent of total secondary aluminium raw materials in China, indicating that secondary aluminium manufacturing has become increasingly self-sufficient. China's secondary aluminium manufacturing capacity has surpassed 14 million metric tonnes, accounting for around 30% of worldwide secondary aluminium output. It has also surpassed Japan as the world's top producer of secondary aluminium. The industry as a whole has been evolving in a more balanced manner. While large-scale recycling businesses have become a significant source of aluminium scrap, this indicates a rising industry concentration ratio. China's secondary aluminium output reached at 34.8 million per tonne during the "13th Five-Year Plan" period, reducing aluminium ore extraction by 139.2...
Nigeria receives four patrol boats made of aluminium from Aresa
Grup Aresa Internacional of Spain has delivered four Aresa 1700 inshore patrol boats to the Nigerian Navy. Aresa had already informed last month that the boats were shipped, marking the conclusion of commissioning, sea trials, etc. In April, Aresa announced the launch of their first fighter vessel named Aresa 1700 Fighter II vessel (P494). The Aresa 1700 (Fighter II class) is constructed using aluminium and is around 17 metres long. Its overall length is 19.2 metres with a 4 metre beam. Each vessel displaces 7.6 tonnes. Not only this, they are also powered by two MTU engines which can deliver 1250 hp, driven by a propeller. The Aresa 1700 also features a top speed of 40 knots. A Rigid Inflatable Boat (RHIB) can be taken to the rear of the vessel and launched by the vertical launching...
LME aluminium price moves up by 1.05% to US$3,052/t; SHFE price increases by US$58
Three-month LME aluminium rose 0.79 percent to end at US$3,066 per tonne last night. On Tuesday, October 12, both LME aluminium cash (bid) price and LME aluminium official settlement price increased by US$32 or by 1.05 percent to settle at US$3,051 per tonne and US$3,052 per tonne. 3-month bid price and 3-month offer price totalled at US$3,072 per tonne and US$3,073 per tonne. December 22 bid price settled at US$2,928 per tonne and the offer price for the same day closed at US$2,933 per tonne. LME aluminium opening stock for October 12 closed at 1137675 tonnes. Live warrants for the same day were recorded at 637425 tonnes and cancelled warrant stood at 500250 tonnes. LME aluminium 3-month Asian Reference Price for Tuesday, October 12, settled at US$3,051.64 per tonne. SHFE Aluminium Price...
Rio Tinto remains serene while the energy crisis keeps local smelters afloat
Mining king Rio Tinto has signalled that they will be joining hands with the Queensland government to look for clean energy for their Boyne aluminium smelter, as Australian manufacturers are gaining a lot due to the crisis in global energy prices which is urging smelters in Europe and Asia to cut productions. Aluminium prices soared to a 13-year high on Monday, fuelled by fears that rising electricity costs will drive more smelters in China, India, and Europe to reduce output, resulting in a shortage of the lightweight metal. While power prices in Queensland have risen in recent months as a result of an explosion at the Callide power station, Australian smelters benefited from extremely low power prices at the beginning of the year. Apart from this, four Australian smelters of Rio...
