AlCircle News Edited By "Staff Editor"
Sustainable solutions: Technologies decarbonising aluminium production
Aluminium stands as an indispensable pillar in our modern world, driving the pulse of our global economy with its unparalleled versatility and sustainability. From powering aeroplanes to speeding up cars, its unique properties propel industries forward and shape the products we rely on daily, from beverage cans to smartphones. In the dynamic realm of aluminium production, the quest for sustainability is gaining momentum amidst significant challenges. The traditional Hall-Héroult cell technology, vital yet beset by external electricity supply issues, is at a crossroads. Rising demand, set to surge nearly 40% by 2030, underscores the urgent need for greener production methods. Innovation, however, remains constrained by the durability and affordability of essential materials, crucial for...
China’s aluminium ingot price declines by RMB110/t without affecting positive W-o-W movement
As of July 5, China’s domestic A00 aluminium ingot price concluded the week at RMB 20,270 per tonne, with average prices hovering around RMB 20,250 to 20,290 per tonne, found the Shanghai Metals Market survey. Compared to the previous day, the price descended by RMB 110 per tonne but still stood 0.60 per cent higher week-on-week. Throughout the week until July 4, the ingot price subsequently shot up by RMB 270 per tonne, starting at RMB 20,110 per tonne and reaching RMB 20,380 per tonne. At the end of the week, it decreased but did not affect the positive weekly trend. Today, the spot contract is likely to be traded at a discount price of RMB 70-30 per tonne, with an average of RMB 50 per tonne. Region-wise analysis: The price of A00 aluminium ingot dwindled across all the regions of...
China central bank’s monetary policy boosts A00 aluminium ingot price by RMB100/t and rescues from W-o-W fall
On July 2, 2024, China’s A00 aluminium ingot price has witnessed a modest growth after two previous consecutive days of downfall, found the Shanghai Metals Market (SMM) survey. According to SMM, the price has increased by RMB 100 per tonne to reach RMB 20,210 per tonne, driven by China's central bank’s supportive monetary policy stance aimed at economic stability. Noticeably, the policy has rescued the domestic aluminium ingot price, bringing it higher than a week ago compared to RMB 20,200 per tonne. But compared to the price a month ago, it is down by 4.17 per cent from RMB 21,090 per tonne. Today, the average prices of A00 aluminium ingot are likely to range between RMB 20,190 per tonne and RMB 20,230 per tonne, with spot contract to be traded at a discount price of RMB 90-50 per...
Despite a dip, China's A00 aluminium ingot mitigates weekly price trend with RMB30/t growth
According to the Shanghai Metals Market survey on June 21, A00 aluminium ingot price in China has suffered a loss of RMB 40 per tonne after two consecutive days of rise, settling at RMB 20,410 per tonne at the end of the week. The average prices are expected to range between RMB 20390-20430 per tonne, with a spot contract to be traded at a discount price of RMB 80-40 per tonne. The price of A00 aliminum ingot price has seen a downfall across all the regions of China. In Lin Yi region, the price has dropped mostly by RMB 90 per tonne, amounting to RMB 20360 per tonne. In Foshan, Hang Zhou, Chong Qing, Shen Yang, and Tian Jin, A00 aluminium ingot price has dropped by RMB 40 per tonne to RMB 20,230, 20,410, 20,320, 20,360, and 20,790 per tonne. China’s low carbon aluminium price has...
China’s A00 aluminium price sees a growth of RMB50/t after a week-long downfall for low demand and high production
The latest Shanghai Metals Market (SMM) data reveals a mixed scenario in the aluminium market with today’s price for A00 aluminium ingot showing a slight rise of RMB 50 per tonne to RMB 20,400 per tonnes . The average prices are estimated to range between RMB 20,380 per tonne and RMB 20,420 per tonne, with spot contract to be traded at a discount price of RMB 60-20 per tonne. However, a broader analysis over the past month and even weekly trend indicates a continuing downward track in prices . One of the primary reasons for the decline in aluminium prices is the weak purchase sentiment across China due to a traditional off-season and a massive 2-year hike in primary aluminium production to approximately 3.65 million tonnes. As of June 19, 2024, A00 aluminium ingot price has also increased...
China’s A00 aluminium ingot price drops by RMB30/t amid muted input costs
On June 18, 2024, the Shanghai Metal Market (SMM) has reported that the price of A00 aluminium ingot stands at RMB 20,350 per tonne, marking a slight dip of RMB 30 per tonne or 0.15 per cent from the previous trading session. In USD terms, this price is approximately $2,797.56, excluding VAT. This minor fluctuation indicates a stable market with balanced supply and demand. The average prices are expected to range between RMB 20,330 per tonne and 20,370 per tonne, with a spot contract being offered at a discount price of RMB 50-10 per tonne. The price range of aluminium ingot across different regions has varied like in Gong Yi, Foshan, Wu Xi, and Chong Qing regions, the prices stand at RMB 20,280, 20,160, 20,350, and 20,260 per tonne, respectively, experiencing a downfall of RMB 50, 40, 20...
Qingdao's bold plan to become a significant hub for new energy vehicles by 2025, underscoring wide aluminium usage
Qindao city in China’s eastern Shandong province has unwrapped its “Action Plan” aimed at driving the high-quality development of the New Energy Vehicle (NEV) industry in the city. According to the plan, by 2025, the city aims to achieve several noteworthy milestones, including an annual production target of 400,000 NEVs, with about 180,000 vehicles scheduled for export and overseas automaker revenue surpassing RMB 36 billion. The plan also foresees the expansion of core supporting industries such as automotive electronics and power batteries to around RMB 40 billion, with special parts like tires and car bodies reaching approximately RMB 50 billion. Projections indicate a target penetration rate of about 45 per cent for new energy vehicle, with plans for over 40,000 public charging...
China’s A00 ingot price declines by RMB180/t, depicting weaker-than-expected demand trend
China’s domestic aluminium market has been facing a considerable fluctuation, resulting in a continuous decline in aluminium prices. According to the Shanghai Metal Market (SMM), A00 aluminium ingot price has registered a fall of RMB 180 per tonne over the weekend to stand at RMB 20,380 per tonne. This depicts a slowing US economy, evidenced by weaker-than-expected manufacturing and construction spending data. The average price range of aluminum ingot is likely to be between RMB 20,360-20,400 per tonne, with a spot contract to be offered at a premium price range of RMB 0-40 per tonne. The aluminium ingot price in Hang Zhou and Chong Qing region has decreased a maximum of RMB 200 per tonne, averaging at 20,380 and 20,300 per tonne, respectively. Aluminum ingot price in Gong Yi, Wu Xi, Shen...
US aluminium scrap trade demonstrates steady growth trend with 2% rise in Q1 exports and 6% hike in imports
The US aluminum scrap market has kicked off 2024 with a significant momentum of 2.06 per cent rise in exports and 6.04 per cent rise in imports during the first quarter of 2024, reflecting a broader economic trend and strategic shifts in trade policies. The first quarter of the year has seen a notable increase in both imports and exports driven by rising global demand. Top destination countries of US aluminium scrap exports As of Q1 2023, US exported aluminium scrap mostly to Malaysia (100,000 tonnes) and India (96,700 tonnes), followed by South Korea, Thailand, and China. Whereas in Q1 2024, the list remained unchanged, except for South Korea and Thailand's positions as importers. In the said period, Thailand emerged as the third largest importer, sourcing 78,800 tonnes. Q-o-Q analysis...
China’s A00 aluminium ingot price loses RMB250/t through the week; Imported bauxite price from Guinea gains US$1/t overnight
The market for aluminium ingot has experienced a major adjustment across various regions in China on Friday, June 14. According to the Shanghai Metal Market (SMM) survey, A00 aluminium ingot price has recorded at RMB 20,560 per tonnes, reflecting a decrease of RMB 100 per tonne following a downfall of RMB 130 per tonne or 0.48 per cent from the previous day. This decline is attributed to weaker market sentiment and increased inventories. Region-wise price change As per the Shanghai Metals Market (SMM), the aluminium ingot prices in Foshan and Chongqing have slumped by RMB 140 per tonne to halt at RMB 20,380 per tonne and RMB 20,500 per tonne, followed by a drop of RMB 120 per tonne in Linyi to reside at RMB 20,620 per tonne. In Gongyi, Wuxi and Hangzhou, the prices have slipped by RMB 100...
China’s A00 aluminium ingot price demonstrates a W-o-W decline of RMB280 with a latest drop of RMB20/t
As of June 12, 2024, China’s latest aluminum price data reveals minor movements across the market. According to the Sanghai Metals Market (SMM), A00 aluminum ingot price has experienced a drop of RMB 20 per tonne followed by a plunge of RMB 360 per tonne on the previous day, settling at RMB 20,790 per tonne. The latest downfall in China’s domestic A00 aluminum ingot price has demonstrated a week-on-week decline of RMB 280 per tonne from RMB 21,070. This drastic decline in one week suggests a cautious market. The average range for aluminum ingot is between RMB 20,770-20,810 per tonne, with a spot contract to be offered at a discount price of RMB (-50)-(-10) per tonne. Aluminum ingot price in Foshan is at RMB 20,650, averaging between RMB 20,630 and 20,760, showing a decrease of RMB 40 per...
Tech trends driving the aluminium extrusion industry
As technology advances rapidly, industries globally, including the aluminium industry, are undergoing significant transformations. Artificial Intelligence (AI) is an emerging technology and a game-changer for numerous sectors, including aluminium and the deep-down aluminium extrusion segment. AI's role in optimising the extrusion process, reducing material waste, and enhancing product quality is significant. Aluminium extrusions are made from solid aluminium cylinders called billets, which are continuously cast from molten aluminium. The extrusion process involves aluminium metal being forced through a die with a shaped opening. Aluminium billet is pre-heated to its plastic state and is forced to flow under applied pressure through a die opening to form an elongated shape or tube. During...
Major sustainable initiatives and advancements recorded in the global aluminium industry
As the world travels toward a greener future, sustainable initiatives are on the rise. Throughout the last few months, there have been incredible sustainability-aligned advancements in the aluminium industry at large. This article charts such noble green drives spread across the entire aluminium value chain. All of these activities have been brilliantly planned so that the global call for net zero by 2050 can be realised with ease and sophistication. Norsk Hydro secures renewable energy future with Statkraft partnership Norsk Hydro has embarked on an extended power purchase agreement (PPA) with Statkraft through its clean energy division, Hydro Energi AS. The contract is valid from May 2024 to December 2027 and includes the delivery of 1.28 TWh. The partnership amplifies Norsk Hydro's...
From ore to insight: The power of IoT in aluminium production
The e-Magazine " ALuminium LeaderSpeak 2024 " by AL Circle delves into the development of technology in the aluminium sector. Aluminium, renowned for its versatility and lightweight nature, stands as a cornerstone in numerous industries, owing to its remarkable properties. As we gaze into the future, a multitude of emerging trends and technologies are poised to redefine the landscape of aluminium, ushering in revolutionary applications, and unlocking unprecedented opportunities. When considering Industry 4.0, the aluminium industry might not immediately spring to mind. Nevertheless, cutting-edge technology is swiftly demonstrating its value in assisting companies to maintain resilience amidst a demanding market landscape. In today's rapidly evolving landscape, technology plays a pivotal...
Case Study: Brazil became the first country in the world to achieve a 100% recycling rate for aluminium cans
Abralatas (the Brazilian Association of Aluminium Can Manufacturers) stated that Brazil’s recycling model is mature, well-structured, and capillary enough to reach and treat all UBCs dumped in the country. They may have been increasing in consumer demand, with various formats and sizes, and capturing more and more room in Brazilian homes. In 2022, the flow of cans for recycling was recorded as being more than the volume sold. It is an unprecedented situation caused by inventory modifications throughout the manufacturing chain. Nonetheless, it confirmed that the market could absorb and recycle the whole number of cans consumed in the country, resulting in an unprecedented rate of 100% can recycling.Abralatas worked with several sustainability and recycling organisations and 100...
Thirst Trap redefines bottled water with eco-friendly aluminium cans
Single-use plastic bottles often end up in landfills, contaminating the environment. Thirst Trap, an Australian-based canned water brand, is poised to revolutionize the traditional bottled water concept with plastic-free, aluminium cans of 100 per cent regionally sourced spring water. This groundbreaking collaboration between the renowned H2coco, a significant leader in the coconut water market, and the creative firm Example altered the way people previously viewed water bottles. Considering the harmful effects of improper plastic dumping, Thirst Trap developed aluminium cans that can be recycled forever, decreasing hazardous impacts and encouraging Australians to be more environmentally conscious. Co-founders David Freeman of H2coco and Andy El-Bayeh of Example saw a disconnect between...
TRP awards 2023 Aluminium Can Capture Grants to boost aluminium recycling
The Recycling Partnership (TRP), headquartered in Washington, has conferred 2023 Aluminium Can Capture Grants upon four recycling facility operators as part of its Aluminium Recycling Initiative. This strategic effort is dedicated to enhancing the collection and recycling of aluminium cans, contributing to sustainable environmental practices. GreenWaste of San Jose, California, Pioneer Recycling of Tacoma, Washington, RDS of Portsmouth, Virginia; and Recycling Works, a committed company in Elkhart, Indiana, are among the award recipients. These awards recognize their dedication to improving the collection and recycling of aluminium cans, advancing the cause of sustainability and responsible resource management in their regions. The organization stated, "Aluminium recycling is a natural...
India's aluminium ADC12 alloy ingot prices continue to decline in the face of weak demand
The recent dynamics in the Indian market for aluminium ADC12 alloy ingots and scrap metals have resulted in numerous notable developments. This week, the price of ADC12 alloy has stayed steady at INR 184,000 per tonne. Concurrently, the price of tense scrap in the Delhi market has remained steady, at INR 155,000 per tonne exw Delhi. The price stability of tense scrap can be attributed to the market's low demand and adequate supply. This supply and demand balance has kept the tense scrap price around INR 155,000 per tonne. Maruti Suzuki India Limited (MSIL), an esteemed company in the automotive industry, recently decreased its monthly settlement price for ADC12 by INR 7,250 per tonne on a month-to-month (m-o-m) basis. As a result of this price adjustment, ADC12 prices have reached a...
