您想继续阅读英文文章还
是切换到中文？
是切换到中文？
THINK ALUMINIUM THINK AL CIRCLE
Some of the top news that created a buzz in the primary aluminium industry this week included the hoard of 1.8 million tonnes of aluminium worth $5 billion in Vietnam drove China’s metal supply through a drastic crisis and fuelled the escalation of prices globally. The aluminium supply in Vietnam was seized as part of the investigation led by the United States comprising a Chinese billionaire and alleged trade fraud. However, as reported by a global agency that if the mammoth stockpile was liberated it could resolute the worldwide shortfall and drag the price of the commodity down.
To know more: https://www.alcircle.com/news/vietnam-holds-1-8-million-tonnes-of-aluminium-worth-5-billion-amid-the-global-crisis-72931
{alcircleadd}
The stock market regulators in Hong Kong are examining the plans made by Russian aluminium giant, Rusal, to spin off its high-carbon aluminium smelters and alumina refineries into a separate company that will be listed in Moscow. The decision to scrutinize the proposed demerger was activated following a complaint from Odey Asset Management. Rusal announced the spin-off plan in May 2021 in a drive that would allow it to focus on the rapidly-growing green aluminium market.
To know more: https://www.alcircle.com/news/hong-kong-stock-market-regulators-probing-rusal-demerger-plan-72939
India’s iconic aluminium producer, Bharat Aluminium Company (BALCO) recently dispatched its first rake of fly-ash to a prominent cement manufacturer, to aid in the production of low-carbon cement. That was a significant stride in BALCO’s aim of ensuring 100% fly-ash utilization in a gainful manner through avenues that foster a circular economy.
BALCO has been supplying fly-ash to many cement manufacturers in the vicinity. Fly-ash dispatch via rail is in line with the company’s vision of achieving economies of scale to further its environmental sustainability targets.
To know more: https://www.alcircle.com/press-release/balco-dispatches-its-first-fly-ash-rake-for-green-cement-manufacturing-72946
Aluminium Bahrain B.S.C. (Alba’s) Chairman Board of Directors Shaikh Daij bin Salman Bin Daij Al Khalifa visited the company’s Reduction Line 6, in line with his planned visit to Alba’s campus following the ease of COVID-19 restrictions. Accompanied by Alba’s Chief Executive Officer Ali Al Baqali and the Executive Management, Chairman Shaikh Daij bin Salman Bin Daij Al Khalifa paid an up-close-and-personal tour to Reduction Line 6 and its facilities.
According to a report this week, the Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminum (Persero) or Inalum, will cooperate with PT PLN (Persero) to perceive its obligation to progress the national aluminium industry to a more advanced stage, innovative and competitive level.
On 18th November 2021, Danny Praditya, Inalum's Director of Operations and Portfolio said the metal aluminium has enormous potential both in terms of resources and market in Indonesia and globally.
The CEO of Emirates Global Aluminum (EGA) Abdulnasser Bin Kalban stated that the demand for aluminium products started to upsurge by the end of 2020, whereas, low-carbon aluminium encountered a shortfall in supply.
The leader in global aluminium production, as well as one of the largest companies in the UAE, EGA is developing a technology to boost their green power generation and to reduce CO2 by 10% in their products.
To know more: https://www.alcircle.com/news/demand-for-low-carbon-aluminium-excels-supply-says-ega-chief-executive-72949
The International Aluminium Institute data showed the world primary aluminium production grew 3.80 per cent month-on-month in October 2021, putting an end to the two consecutive monthly declines. The output stood at 5.689 million tonnes in the said month, which also reflected a year-on-year growth of 1.28 per cent from 5.617 million tonnes.
According IAI data, the world daily average production stood at 183,500 tonnes, up 0.44 per cent from 182,700 tonnes in September 2021 and 1.27 per cent more than 181,200 tonnes in October 2020.
China’s social inventories of primary aluminium decreased 21,000 tonnes week-on-week on Thursday, November 25, following a hike last week. According to the Shanghai Metals Market, the inventories this week totalled 1.02 million tonnes across eight major consumption areas, including SHFE warrants.
In Nanhai, primary aluminium inventories plummeted by 12,000 tonnes week-on-week to stand at 246,000 tonnes, while inventories in Gongyi and Shanghai, plunged by 8,000 tonnes and 6,000 tonnes to settle at 83,000 tonnes and 95,000 tonnes, respectively.
In China, A00 aluminium ingot price started the week on November 22 at RMB 18,920 per tonne, up by RMB 390 per tonne from RMB 18,530 per tonne. On November 23, the price further increased to RMB 19,170 per tonne but fell the next day to RMB 19,120 per tonne. However, on November 25, the primary aluminium price rebounded by RMB 200 per tonne to stand at RMB 19,320 per tonne. On November 26, the price closed the week lower at RMB 19,240 per tonne.
LME aluminium cash (bid) price and LME official settlement price started the week at US$2,653 per tonne and US$2,653.50 per tonne, respectively, decreasing by US$7.50 per tonne from the previous day. On Tuesday, November 23, LME aluminium cash (bid) price jumped by US$37 per tonne to US$2,690 per tonne, while LME official settlement price climbed by US$37.50 per tonne to US$2,691 per tonne. The prices grew further the next day by US$8 per tonne to stand at US$2,698 per tonne and US$2,699 per tonne. On Thursday, November 25, both LME aluminium cash (bid) price and LME official settlement price surged by US$41.50 per tonne or 1.54 per cent to US$2,739.50 per tonne and US$2,740.50 per tonne. They closed the week on November 26 at US$2,617.50 per tonne and US$2,618.50 per tonne.
AlCircle was delighted to announce this week that Registration is Live Now for AlCircle Expo 2022. You can register at https://live.alcircleevents.com/event_registration/23911244/121, and to know more information, you may visit www.alcircleevents.com. AlCircle assures you to experience more advanced technical support and enticing digital tools besides video calls, exchange of digital business cards, brochures, product demos, etc., which will enable you to build a stronger network. What new we offer includes Video on Demand to let you play pre-recorded videos to the entire LIVE audience of the show with a real-time Question and Answer session.
Responses
