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 aluminium industry is slowly taking its step toward a greener and more sustainable environment. For example, to minimize greenhouse gas emissions, GE Power had signed a contract to upgrade Emirates Global Aluminium’s (EGA) Al Taweelah power plant gas turbines. This idea will assist the UAE to achieve its intended Net-Zero strategic objectives by 2050 by limiting the severity of greenhouse gas emissions. Not only this, EGA had also hosted a meeting with the global aluminium industry executives to explore how to decarbonize electrical generation and achieve net-zero emissions by 2050. Under the market forefront, on Monday, May 23, the benchmark aluminium price for SHFE increased by US$39 per tonne to US$3,129 per tonne, and then dropped by US$9 per tonne the next day to US$3,120 per tonne. The SHFE price fell by US$48 per tonne to US$3,072 per tonne on Wednesday, May 25, and then fell further to US$3,061 per tonne. According to early estimates issued by the Aluminum Association as part of its Aluminium Situation report, aluminium demand in North America (the United States and Canada) climbed by 5.3 per cent in the first quarter of 2022 (1Q2022).
_0_0.png)
After a lengthy sequence of increases, the LME aluminium benchmark price has started to fall this week. Although both the LME aluminium cash bid price and the LME aluminium official settlement price began the week with a US$32 per tonne jump to US$2,962 per tonne and US$2,963 per tonne, respectively, the prices began to fall the next day to US$81.50 per tonne and US$82 per tonne, respectively, to US$2,880.50 per tonne and US$2,881 per tonne.
To know more: https://www.alcircle.com/news/lme-aluminium-price-climbs-down-by-us4-t-to-us2-825-50-t-shfe-price-surges-by-us24-t-80542
The A00 aluminium ingot price in China opened the week on Monday 23 with an increase of RMB 70 per tonne, which went on to nosedive the next day by RMB 230 per tonne, followed by a further decrease of RMB 80 per tonne to settle at RMB 20,530 per tonne.
On 25th May 2022, the leader in the global commodity sector, Trafigura Group Pte Ltd. adhered as a founding member of the First Movers Coalition, which is led by the World Economic Forum and the US government, the First Movers Coalition (FMC) aims the heavy industry and long-distance transport sectors responsible for 30% of global emissions.
To know more: https://www.alcircle.com/news/trafigura-joins-fmc-as-a-founding-member-of-the-group-s-new-aluminium-division-80532
On Wednesday, May 25, Emirates Global Aluminium (EGA) greeted aluminium industry leaders from all over the world in Dubai at the 50th-anniversary meeting of the International Aluminium Institute (IAI). The International Aluminium Institute brings together the global aluminium industry to promote industry’s activities and responsibilities towards the production of green aluminium and its sustainable usage.
The Norwegian aluminium company, Norsk Hydro has stated by delivering a statement that there is a possibility to shut down its majority-owned aluminium smelter in Slovakia without the government in the nation coming out to support financially through the carbon compensation scheme.
The Gulf aluminium giant, Emirates Global Aluminium (EGA) and the American energy technology company, GE Power, have successfully collaborated on the up-gradation of four readily installed GE 9F gas turbines at the EGA’s Al Taweelah power plant.
On 22nd May 2022, the Micro, Small and Medium Enterprises (MSME) sector players of India praised the government’s decision to lessen the duty on raw materials for steel and plastics in a way to reduce the prices. However, the sector owners stated that to ensure Indian exporters are not outbid by rivals on the international market and more efforts need to be made to ensure local supply chains remain competitive.
National Aluminium Company Limited (NALCO) further increased its aluminium ingot and aluminium products prices, although at a much slower rate than the previous time, in tandem with the growth in the LME aluminium benchmark price during May 19-24.
To know more: https://www.alcircle.com/news/nalcos-aluminium-ingot-price-builds-up-by-inr3200-t-with-effect-from-may-25-80539
Social inventories of primary aluminium in China have decreased by 28,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. That brought the inventories to 937,000 tonnes on Thursday, May 26, which compared to Monday, May 23, were down by 5,000 tonnes. Weak arrivals of stocks against stable outflows led to the further decline in primary aluminium inventories.
The money set aside by the owners of Tiwai Point aluminium smelter for the shutting and cleaning up of the smelter has nearly doubled to $687 million. The main reason for this price jump was to get rid of more than 200,000 tonnes of spent cell lining waste that contains cyanide and toxic fluoride by 2029.
To know more: https://www.alcircle.com/news/tiwai-aluminium-smelters-clean-up-and-shut-down-cost-doubles-to-687-million-80534
According to preliminary estimates released by the Aluminum Association, as part of its Aluminium Situation report, North American (U.S. and Canada) aluminium demand in the first quarter of 2022 (1Q2022) had increased by 5.3 percent.
To know more: https://www.alcircle.com/news/domestic-aluminium-demand-in-north-america-remains-strong-up-by-5-3-in-1q2022-80537
On Wednesday, May 25, National Aluminium Company Limited (NALCO), the Navratna CPSE, announced its fiscal report for 2021-22, revealing robust performances and surpass of several milestones. The company said in a regulatory filing that it achieved the best ever annual production and sales during FY2022 and therefore earned highest revenue from operations and highest net profit of INR 14,181 crore and INR 2,952 crore, respectively.
In the face of rising energy prices, Europe's major aluminium smelters are continuing to reduce output. Over the last year, the region's output of light metal has decreased by an annualised 550,000 tonnes, with the decline continuing.
To know more: https://www.alcircle.com/news/european-primary-aluminium-smelters-continue-to-curtail-production-as-energy-cost-rises-80522
The General Administration of Customs found China’s total exports of prebaked anode reached 185,500 tonnes in April 2022, which were 8.22 per cent higher month-on-month and 63.86 per cent year-on-year. Export value amounted to US$192 million, with a unit price of $1,035.81 per tonne.
To know more: https://www.alcircle.com/news/chinas-prebaked-anode-exports-grew-8-in-april22-with-a-lion-share-sent-to-malaysia-80508
According to the Shanghai Metals Market, social inventories of primary aluminium in China decreased by 42,000 tones week-on-week across eight major consumption areas, including SHFE warrants, to come in at 942,000 tonnes as of Monday, May 23.
To know more: https://www.alcircle.com/news/chinas-primary-aluminium-inventories-continue-to-decline-w-o-w-to-942000-tonnes-smm-80504
_0_0.jpg)
In April 2022, primary aluminium production in Africa stood at 131,000 tonnes, registering a month-on-month downfall of 6,000 tonnes or 4.38 per cent, showed the International Aluminium Institute data. In March, primary aluminium output was 137,000 tonnes, seeing a hike of 11.38 per cent from 123,000 tonnes in February.
To know more: https://www.alcircle.com/news/africas-primary-aluminium-production-during-april22-drops-4-4-m-o-m-to-131-000-tonnes-iai-80497
Responses
