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
This week the global primary aluminium segment had been quite an eventful one. If on one hand, the market segment witnessed significant growth in primary aluminium production in regions like Africa and North America, then on the other hand, the need to shift towards a more sustainable and clean environment was given prime importance. Speaking of a carbon-neutral environment, following the government's drive for the energy transition and its goal of having net-zero carbon emissions by 2070, Coal India Limited (CIL) is working to decarbonize its operations. Similarly, industry giants like Dofasco and Alcoa, are also paving their way towards a sustainable environment in response to the rising concern about a carbon-free environment. Next in line is the news of Oleg Deripaska announcing that Russia would want to expand the business and economic ties with Southeast Asian countries like India and China gained significant importance. According to the reports from the International Aluminium Institute, North America’s primary aluminium production in May 2022, increased by 10,000 tonnes to close at 325,000 tonnes.
The founder of Russian aluminium giant Rusal and oligarch Oleg Deripaska commented by saying that Russia will seek to foster trade and investment liaison with India, China and Southeast Asian nations. Oleg Vladimirovich Deripaska, a Russian billionaire and industrialist, was once Russia's richest man but lost a substantial part of his fortune amid the 2007–08 financial crisis.
On 22nd June 2006, European Aluminium, the industry association representing the aluminium value chain in Europe were down-casted by the outcome of the European Parliament’s plenary vote on the Carbon Border Adjustment Mechanism (CBAM).
To know more: https://www.alcircle.com/news/european-parliaments-plenary-vote-for-cbam-leaves-european-aluminium-dismayed-80774
The largest producer of primary aluminium producer in the United States of America, Century Aluminum announced that it will idle its aluminium smelter in Hawesville, Kentucky, temporarily due to the propelling high energy prices which are causing a direct impact on the business.
On 21st June 2022, the leading global aluminium producer Emirates Global Aluminium (EGA) participated in the 'Make it in the Emirates Forum' orchestrated by the Ministry of Industry and Advanced Technology, along with the Abu Dhabi Department of Economic Development.
To know more: https://www.alcircle.com/news/ega-participates-in-make-it-in-the-emirates-forum-to-support-industrial-growth-80760
According to an industry report by the Australian Industry Energy Transitions Initiative (ETI), supported by some of the largest companies in Australia, it was revealed that the regional manufacturing organisations, who are the immensely contributing to the economy of the nation can create the possibility to axe down the greenhouse gas emissions by more than 80% and as a turnout, Australia will attract multibillion-dollar investments in renewable energy sources.
On Monday, June 20, Aluminium Bahrain B.S.C. (Alba) inaugurated a new Environment, Social and Governance (ESG) campaign across all its plants to reinforce Alba ESG Roadmap’s six priority areas, in line with Bahrain’s commitment to achieving net-zero carbon emissions by 2060.
The world’s largest ‘premium aluminium’ producer, Emirates Global Aluminium (EGA) plans to develop renewable energy sourced (solar-powered) production facility for silicon metal. Silicon is one of the crucial raw materials essential in the manufacturing of premium aluminium production.
To know more: https://www.alcircle.com/news/ega-projects-to-build-a-solar-powered-production-unit-for-silicon-metal-80786
With the growing concern about a clean and green environment, industry titans like Alcoa, a US aluminium company, and Dofasco, a Canadian steel company, are working to move closer to a green environment. However, due to energy and technological barriers, the task is getting more difficult.
To know more: https://www.alcircle.com/news/metal-industry-titans-alcoa-and-dofasco-minting-on-green-energy-80780
Coal India Limited (CIL), an Indian government-owned coal mining and refining corporation, is reportedly striving to decarbonise its operations, following the government’s energy transition push and net-zero carbon emission target by 2070.
On Monday, June 20, the LME's official settlement price for aluminium was reduced by US$12 per tonne to US$2,462 per tonne, while the LME's cash bid price for aluminium fell by US$12.5 per tonne to US$2,461 per tonne. However, the prices increased by US$57.50 per tonne the next day, on June 21, to US$2,518.50 per tonne and US$2,519.50 per tonne, respectively. The benchmark aluminium price for SHFE also decreased throughout the week, closing on June 24 at US$2,868 per tonne.
To know more: https://www.alcircle.com/news/lme-closes-the-week-augmenting-by-us24-5-t-to-us2480-t-shfe-slumps-to-us2868-t-80777
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a steep downfall of 34,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, as of Thursday, June 23, the inventories totalled 751,000 tonnes, which in comparison with the previous week’s Monday, June 13, shrunk by an exponential 74,000 tonnes.
To know more: https://www.alcircle.com/news/chinas-primary-aluminium-ingot-inventories-on-w-o-w-decline-to-751-000-tonnes-on-june-23-80782
A00 aluminium ingot price in China has recorded a decline for the third consecutive day to stand at the edge of RMB 19,000 per tonne. According to the Shanghai Metals Market, the primary aluminium ingot price has plunged by RMB 180 per tonne to close the week on Friday, June 24, at RMB 19,160 per tonne.
Hindalco Industries Limited further expanded its aluminium ingot and aluminium products prices, in line with the increase in global aluminium benchmark price. As of Friday, June 24, Hindalco’s aluminium ingot price closed at INR 225,750 per tonne, up by INR 2,250 per tonne or 1 per cent from INR 223,500 per tonne on the previous day.
To know more: https://www.alcircle.com/news/hindalco-industries-aluminium-ingot-price-undergoes-a-hike-of-inr2250-t-on-june-24-80791
The General Administration of Customs reported that in May 2022, China's primary aluminium imports closed at 37,300 tonnes, which reflected M-o-M hike of 7.1 per cent and a Y-o-Y plunge of 61 per cent.
To know more: https://www.alcircle.com/news/imports-of-chinese-primary-aluminium-plunge-by-7-1-m-o-m-in-may-2022-80764
According to the International Aluminium Institute, primary aluminium production in North America during May 2022 stood at 325,000 tonnes, rebounding by 10,000 tonnes from the previous month. In April 2022, primary aluminium output in North America had lost that amount and stood at 315,000 tonnes.
According to the International Aluminium Institute, world primary aluminium production in May 2022 reported an increase of 3.64 per cent month-on-month to 5.805 million tonnes. In April, the output was at 5.601 million tonnes, down by 2.69 per cent from 5.756 million tonnes a month ago.
National Aluminium Company Limited (NALCO) has again reduced its aluminium ingot and aluminium products prices by almost the same amount like last time. With effect from June 21, NALCO has slashed its aluminium ingot price by INR 10,200 per tonne or 4.4 per cent to INR 223,450-226,950 per tonne versus INR 233,650-237,150 per tonne on June 16.
_0_0.gif)
In May 2022, primary aluminium production in Africa rebounded to 138,000 tonnes after a dip in the previous month. According to the International Aluminium Institute’s latest data, Africa’s primary aluminium output in May witnessed an increase of 7,000 tonnes or 5.34 per cent month-on-month. In April, the output stood at 131,000 tonnes, down by 6,000 tonnes or 4.38 per cent from 137,000 tonnes in March 2022.
To know more: https://www.alcircle.com/news/primary-aluminium-production-in-africa-rebounds-to-138-000-tonnes-during-may-2022-80751
Responses
