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THINK ALUMINIUM THINK AL CIRCLE
The primary aluminium industry has witnessed a rise in LME aluminium by $US$39.5 per tonne on 21st April 2022 and closed at US$3,302.5 per tonne. The Indian aluminium major, Nalco increased its aluminium ingot price by INR2100/t on April 21to sell it at INR 282,650-286,150 per tonne. The picture remains quite clear for the global aluminium industry, as the demand for aluminium is ascending, while the supply seems to have a glitch. The geopolitical factors, the gas supply shortage and the rise in energy prices, supply disruptions putting a hold on raw materials and the return of Covid in China is driving the industry’s situation to complex. Aluminium is a heavily required commodity now due to its sustainable nature and the automotive, construction and packing sector are gradually shifting towards owing the green metal.
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AlCircle is pleased to announce the launch of the 4th edition of its flagship e-Magazine, “Aluminium LeaderSpeak 2022.” It is an exclusive e-Magazine in which top industry professionals from the entire aluminium value chain have expressed their predictions for how the year will unfold for their companies and the industry. They've also shared their business plans and strategies for the entire year of 2022.
To know more: https://www.alcircle.com/news/alcircle-launches-the-4th-edition-of-e-magazine-aluminium-leaderspeak-2022-79200
According to the Shanghai Metals Market, social inventories of primary aluminium in China continued to record week-on-week fall since the last drop of 3,000 tonnes on the previous Thursday, April 14. But compared to the prior week, the inventories fell extensively this Thursday by 42,000 tonnes across eight major Chinese consumption areas.
LME aluminium opened at US$3,269 per tonne on Thursday and closed at US$3,302.5 per tonne, an increase of US$39.5 per tonne or 1.21 per cent. On 21st April, the LME aluminium cash bid price stood at US$3,261 per tonne and the LME aluminium official settlement price halted at US$3,262.
To know more: https://www.alcircle.com/news/lme-on-rise-again-closing-at-us3262-t-shfe-falls-for-three-straight-days-to-us3384-t-79205
Total aluminium production worldwide for March 2022 has been 5.693 million tonnes with a rise of 10.35 per cent from 5.118 million tonnes in the previous month. African production of aluminium has been on a steep upward rise from 123,000 tonnes in February 2022 to 136,000 tonnes in March 2022.
On 16th April 2022, the Founder and Chairman of Vedanta Resources Limited, Anil Agarwal exclaimed for more deregulation in India’s defence sector and the corporatization of defence factories to develop the nation self-reliant in terms of arms and weapons production.
Sales at Alcoa Corp. fell as a result of protracted supply chain interruptions, sparking concerns that the tie-ups will diminish consumer demand for aluminium. In the first quarter, the Pittsburgh-based aluminium maker reported sales of $3.29 billion, which fell short of the $3.44 billion.
To know more: https://www.alcircle.com/news/alcoa-stocks-stumble-as-aluminium-shipments-decline-indicating-fading-demand-79192
Vedanta Limited hiked its aluminium ingot and aluminium products prices on Tuesday, April 20, in response to the LME aluminium price growth. Vedanta has raised its aluminium ingot price by INR 6,500 per tonne or 2.30 per cent to INR 288,750-336,250 per tonne as against the increase of INR 1,250 per tonne to INR 282,250- 329,750 per tonne on April 15.
To know more: https://www.alcircle.com/news/vedanta-hikes-its-aluminium-ingot-price-by-inr6500-t-with-effect-from-april-20-79180
The second-largest coal miner in Indonesia, PT Adaro Energy Indonesia Tbk will enter the aluminium sector as a part of the company's diversified business portfolio. The motive for ADRO’s stepping into the aluminium sector is to contribute to the development of electric vehicles (EV) and aluminium batteries.
To know more: https://www.alcircle.com/news/indonesian-coal-miner-adaro-energy-all-set-to-enter-the-aluminium-sector-79160
On 19th April 2022, the Odisha state government stated that it will endeavour a discussion with Mahanadi Coalfields Limited (MCL), one of the major coal-producing companies in India to solve the dry fuel crisis.
To know more: https://www.alcircle.com/news/odisha-state-govt-seeks-to-decode-nalcos-coal-shortage-79202
According to a recent report, Emirates Global Aluminium has agreed on supplying CelestiAL solar aluminium to Mercedes-Benz parts maker Hammerer Aluminium Industries (HAI). The news came after the former, the world’s biggest premium aluminium producer entered into a formal agreement with Hammerer.
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