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The International Energy Agency predicts that global coal consumption will reach an all-time high in 2023 due to increased demand in India and China. Coal remains the primary source of energy-related environmental impact linked to global warming. However, coal usage is expected to decrease by approximately 20% this year in both the European Union and the United States. Aluminium Bahrain (Alba) broke its production record in 2023 by producing 1,620,665 tonnes of aluminium, representing a 1.3% increase from the previous year's output of 1,600,111 tonnes. This achievement marks the fifth consecutive year that Alba has broken its own production record. The company celebrated the milestone with a ceremony attended by its executives, directors, managers, and employees on January 4, 2024. The LME aluminium official price has slumped by US$121 per tonne or 5.18 per cent from US$2,336.50 per tonne recorded on January 2 to US$2,215.50 per tonne on January 5, the closing day of the week. Similarly, after the New Year Holidays, the SHFE aluminium price has dwindled by US$49 per tonne or 1.78 per cent from US$2,746 per tonne marked on Tuesday to US$2,697 per tonne on Friday.
The International Energy Agency (IEA) predicts that global coal consumption will reach an all-time high in 2023 due to sustained demand in emerging and developing economies.
To know more: https://www.alcircle.com/news/unprecedented-surge-2023-witnessing-a-historic-high-in-global-coal-consumption-104473
Hebei Yunai New Material Technology Co., Ltd. specializes in graphite production, research, development, and sales. With eight advanced production lines boasting an annual capacity of 200,000 tons and well-equipped testing rooms for product content evaluation, the company is committed to stringent quality standards, holding SGS certification and securing utility model patents from the State Intellectual Property Office.
Yunnan Qiya Metal Co., Ltd., a Sichuan Qiya Aluminium Industry Group subsidiary, recently received environmental and quality system certification from the China Classification Society. With the issue of these two certifications, Yunnan Qiya goods now enjoy a "green pass" in international trading.
Aluminium Bahrain B.S.C. (Alba), one of the largest smelters in the world, has set a new record by producing 1,620,665 tonnes of aluminium in 2023. The output has registered an annual increase of 20,554 tonnes or 1.3 per cent from 1,600,111 tonnes.
To know more: https://www.alcircle.com/news/alba-s-2023-aluminium-production-sets-a-new-high-at-1-62-million-tonnes-104516
According to Romania's statistical office, INS, in November 2023, the southeastern European country witnessed a 2.55 per cent y-o-y decline in industrial producer prices, primarily attributed to a decrease in the mining and quarrying sector.
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a decline of 2,700 tonnes, marking a new low as aluminium billet supply decreased at the year-end.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventories-closed-the-year-2023-at-a-new-low-of-64-100-tonnes-104475
Primary aluminium production in Russia & Eastern Europe during January-November 2023 amounted to 3.671 million tonnes, down by 1.79 per cent from 3.738 million tonnes a year earlier. The geo-political conflict between Ukraine and Russia and energy crisis took a toll on production in 2023, resulting in annual decline.
In the December quarter, India's leading primary aluminium producer, Vedanta Aluminium, saw a 6 per cent rise in production, reaching 599,000 tonnes compared to 566,000 tonnes during the corresponding period last year.
To know more: https://www.alcircle.com/news/december-quarter-shines-for-vedanta-aluminium-as-production-jumps-by-6-104505
The beginning of 2024 is witnessing growth in China’s aluminium billet inventories, reaching 82,000 tonnes. Until January 4, 2024, China’s social inventories of aluminium billets have encountered two back-to back hikes. The first increase this year was on January 2 by about 13,300 tonnes to 77,400 tonnes, followed by a rise of 4,600 tonnes on January 4 to 82,000 tonnes.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventories-begin-2024-on-a-higher-note-above-80-000-tonnes-104515
The North American aluminum market experienced a significant shift in dynamics throughout Q3 2023, marked by a notable contraction in demand and a subsequent impact on trade dynamics. According to the preliminary estimates drawn by the Aluminum Association in its monthly Aluminum Situation report, aluminium demand in North America shrank by 4.4 per cent to about 20,908 million pounds from Q1 to Q3 2023 versus 19,993 million pounds during the corresponding period of the previous year.
According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes as of January 4.
In the lead-up to Christmas, El-Watch, a technology company based in central Norway with offices in Rindal and Trondheim, solidified a new collaboration by welcoming Mesurex, a reputable Spanish company specialising in measurement and control solutions since 1996, into our growing network of partners.
To know more: https://www.alcircle.com/news/spanish-market-embraces-el-watch-as-mesurex-collaboration-takes-centre-stage-104506
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