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
The primary aluminium sector has witnessed progressive initiatives this week, with Aluminium Bahrain B.S.C. (Alba) hosting a drive to commission the Forced Cooling Network (F.C.N.) Project at Potlines 4 and 5, allowing the first aluminium smelter in the Middle East to augment production capacity by approximately 17,000 tonnes per annum. Technology is inspiring each and every aluminium industry lead, as this week we have found BALCO installing various high-end digital solutions to guarantee business excellence, from smart analytics for decision-making at the strategic business unit (SBU) level to real-time equipment monitoring at shop floors. Alcoa Corporation has published its full-year 2022 growth index, where they’ve pointed out that the company has achieved a 2.5% Y-o-Y revenue increase to US$12,451 million, though being surrounded by volatile market prices. The L.M.E. aluminium price had an overall hike of US$30 per tonne or 1.19 per cent nearing the end of the week, settling down at US$2,541 per tonne on January 19, Thursday. The SHFE aluminium price also marked a uniform growth leaving only Tuesday, when the price dumped by US$6 per tonne. Other than that, the SHFE aluminium price has seen augmenting tendencies with the week ending at US$2,801 per tonne, experiencing a levitation of US$42 per tonne or 1.52 per cent on the whole.
Carbon emission is a sincere concern that is largely being addressed worldwide by companies and individuals. The aluminium industry is no exception in contributing its share of efforts to combat the issue. Producers, suppliers, and patrons across the value chain have been experimenting heavily to lower their ecological carbon footprint for years. To explore the innovations being brought by the eminent companies and aluminium leaders to achieve a sustainable industry, AlCircle is coming up with the fourteenth edition of its e-Magazine titled “Green Initiatives: Road to a sustainable aluminium industry.”
One of the founding members of the First Mover Coalition (FMC), Trafigura, has vouched to curtail carbon emissions alongside buying almost 50,000 tonnes of potent and weighable net carbon dioxide removal credits by the end of 2030 yielded via enhanced carbon dioxide eradicating processes.
To know more: https://www.alcircle.com/news/trafigura-makes-serious-commitments-to-remove-co2-under-fmc-provisions-89724
Saudi Arabia’s Royal Commission for Jubail and Yanbu has attested to five investment calls worth SR43 billion (US$11.4 billion) approximately for the construction of major industrial projects in the Arabian cities of Yanbu and Ras Al Khair.
On Monday, January 16, Aluminium Bahrain B.S.C. (Alba) held a programme to commission the Forced Cooling Network (FCN) Project at Potlines 4 and 5. The occasion was attended by Alba's Chairman Shaikh Daij bin Salman bin Daij Al Khalifa and Chief Executive Officer Ali Al Baqali, along with Directors and Managers and concerned teams of the respective area.
The renowned aluminium producer in India, Bharat Aluminium Company Limited (BALCO), is aggressively investing and extending the application of smart technology inside its production systems.
To know more: https://www.alcircle.com/news/balco-deploys-state-of-the-art-bi-tools-to-track-oil-consumption-89752
Hindalco Industries Limited back-to-back hiked its aluminium ingot and aluminium products prices on January 14. Previously, on January 12, Hindalco lifted its aluminium ingot price by INR 3,250 per tonne from INR 226,750 per tonne to INR 230,000 per tonne.
The Goldman Sachs Group, a leading global investment bank and financial services company, shared aluminium price forecasts whereby it projected a growth led by soaring demand in Europe and China. But the setback it might create is supply shortages.
Rio Tinto Group, the world’s second-largest metals and mining corporation, has published the operational results for the fourth quarter and full year of 2022 ended December 31. In the report, the company noted its aluminium production in Q4 amounted to 783,000 tonnes, witnessing an increase of 3 per cent month-on-month and year-on-year.
National Aluminium Company Limited (NALCO) has continued to significantly increase its aluminium ingot and aluminium products prices in line with the LME aluminium price hike. With effect from Wednesday, January 18, NALCO has escalated its aluminium ingot price by INR 10,000 per tonne to range between INR 239,350-242,850 per tonne.
To know more: https://www.alcircle.com/news/nalcos-aluminium-ingot-price-escalates-by-4-with-effect-from-january-18-89729
According to Mubadala Investment Company PJSC, the biggest shareholders of Emirates Global Aluminium (EGA), stated that the Middle East’s largest aluminium producer, may sell shares to the public as soon as the third quarter of 2023.
To know more: https://www.alcircle.com/news/emirates-global-aluminium-ipo-may-take-place-in-2023-mubadala-89749
China’s aluminium billet inventories recorded a hike on Thursday, January 19, marking the fourth consecutive week of rise. According to the Shanghai Metals Market data, the inventories accumulated 37,200 tonnes from the previous week to reach 131,900 tonnes across five major consumption areas.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventories-continue-to-grow-surpassing-100-000-tonnes-this-week-89754
On Wednesday, January 18, Alcoa Corporation announced its fourth quarter and full-year 2022 results, reporting a strong balance sheet. The organization worked hard to combat challenging market conditions throughout the year, like volatile alumina and aluminium prices and energy supply shortage.
A00 aluminium ingot price in China has grown for the fourth consecutive day by RMB 140 per tonne to near RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has stopped at RMB 18,980 per tonne on Friday, January 20, with average prices estimated to range between RMB 18,960 per tonne and RMB 19,000 per tonne. The spot contract is likely to be traded at a discount price of RMB 120-80 per tonne.
On January 19, Thursday, the LME aluminium cash bid price plummeted by US$96 per tonne or 3.64 per cent, and the LME aluminium official settlement price stooped down by US$95 per tonne or 3.6 per cent, closing at US$2,539 per tonne and US$2,541 per tonne. The market will be under immense fluctuations as the Russia-Ukraine war has been going on for almost a year now, and Europe's oil/energy crisis is on the verge of evoking a nationwide recession.
Responses
