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THINK ALUMINIUM THINK AL CIRCLE
The primary aluminium sector is gradually adopting more sustainable drives to build a better future for the upcoming generation. Vedanta's subsidiary, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonise emissions, whereas the parent organisation has published a Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The World Trade Organization's (WTO) ruling against the 2018 tariffs placed on foreign aluminium and steel by then-President Donald Trump was not appreciated by the Biden administration. SHFE aluminium price started the week with a decline of RMB 300 per tonne at RMB 18,960 per tonne, which slumped across the week to settle at RMB 18,840 per tonne, witnessing a decrease of 0.63 per cent or RMB 120 per tonne on Friday. LME aluminium price also faced a similar fate as this week saw a temperate fall from RMB 2,453.50 per tonne to RMB 2,396 per tonne, dropping RMB 57.50 per tonne or 2.34 per cent in a week.
Sustainability in the primary aluminium industry has grabbed the limelight this year. The year 2022 has really been an eventful one in respect to sustainability drives in the primary aluminium sector. Let us pick and learn the top 10 initiatives in this article.
To know more: https://www.alcircle.com/news/top-10-sustainability-drives-across-the-primary-aluminium-sector-in-2022-87403
The Ministry of Energy and Mineral Resources (ESDM), Indonesia, solicited PT Indonesia Asahan Aluminum (Persero) or Inalum operating to expedite the accomplishment of development projects and increase the capacity of the aluminium smelter and alumina refinery.
To know more: https://www.alcircle.com/news/split-off-for-inalum-signed-needs-to-focus-on-capacity-expansion-projects-87416
On December 12, 2022, under the directives of Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali, the company rolled out a mini plant-wide Safety & E.S.G. Campaign, ‘Back to Core Basics’.
To know more: https://www.alcircle.com/news/alba-floats-its-mini-plant-wide-safety-esg-campaign-back-to-core-basics-87417
The 24th edition of the Arab International Aluminum Conference (Arabal) hosted by Egyptalum from November 29 to December 1, 2022, was a massive success at the Nile Ritz Carlton in Cairo, Egypt. With around 22 exhibitors, the event was attended by top companies like Sohar Aluminium, EGA, Aluminium Bahrain (Alba), Mozal Aluminium, etc.
To know more: https://www.alcircle.com/news/24th-edition-of-arabal-attracts-global-aluminium-biggies-87419
The largest company in the Austrian aluminium industry sector, AMAG Austria Metall AG, celebrated 30 years of ownership in Aluminerie Alouette. By safeguarding its primary source of aluminium input material for 30 years, AMAG held a 20% stake in Aluminerie Alouette in Canada.
To know more: https://www.alcircle.com/news/amag-austria-metall-observes-the-30th-anniversary-of-shareholding-in-aluminerie-alouette-87440
The RHB Research Institute in Malaysia has declared that Press Metal Aluminium Holdings Bhd is one of its biggest alternatives for providing low-carbon aluminium opposing the smelters in the ASEAN vicinity.
To know more: https://www.alcircle.com/news/rhb-research-identifies-press-metal-as-potential-low-carbon-aluminium-provider-in-asean-87441
Australia’s aluminium biggies reportedly support a federal plan to cap coal and gas prices to contain high energy bills, claiming energy-intensive industries are at risk until provided immediate price relief.
To know more: https://www.alcircle.com/news/australian-aluminium-giants-back-federals-energy-price-cap-bill-to-contain-surging-costs-87443
The global industry leader in bauxite, alumina and aluminium products, Alcoa Corporation, with a vision to reinvent the aluminium industry for a sustainable future, has been recognized as a leader for environmental, social, and governance (ESG) performance with its most recent inclusion in the S&P Dow Jones Sustainability Indices (DJSI).
To know more: https://www.alcircle.com/news/aluminium-major-alcoa-nominated-as-leader-in-s-p-dow-jones-sustainability-indices-87453
India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonize emissions.
To know more: https://www.alcircle.com/news/balco-explores-the-use-of-biodiesel-across-its-plant-operations-to-reduce-carbon-emissions-87460
On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, released its Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.'
To know more: https://www.alcircle.com/news/vedanta-launches-its-sustainable-development-report-accelerating-to-net-zero-for-fy2022-88450
The signing of the first agreement named Kuessilueu, which means "the wind is turning" in Nelueun, by Pekuakamiulnuatsh First Nation and Rio Tinto marks the beginning of a new era in their relationship.
The Aluminium Stewardship Initiative (ASI) aims to advance sustainability along the whole value chain for aluminium. By proving their dedication to social, environmental, and ethical norms, ASI accreditation benefits both the aluminium industry and aluminium users.
To know more: https://www.alcircle.com/news/top-10-asi-certifications-under-the-primary-aluminium-value-chain-in-2022-88456
China’s aluminium production in November 2022 (30 calendar days) amounted to 3.34 million tonnes, which reflected an increase of 8.7 per cent year-on-year, found the Shanghai Metals Market.
The World Trade Organization (WTO) ruled on Friday that the 2018 tariffs placed on foreign aluminium and steel by then-President Donald Trump were unjustified, which was unaccepted by the Biden administration.
On Thursday, December 8, the social inventory of aluminium billets was 71,600 tonnes, up 2,600 tonnes from the previous week but down 4,300 tonnes from the previous Monday, December 5. The inventory increased by 4,300 tonnes from November's end but decreased by 13,900 tonnes from the prior year. Aluminium billets can be produced immediately by continuous casting, extrusion, or hot rolling an ingot or bloom.
To know more: https://www.alcircle.com/news/aluminium-billet-inventories-grow-by-2-600-tonnes-w-o-w-to-71-600-tonnes-87414
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Tuesday, December 13, following a hike a weak ago. According to the latest price chart revealed by the company, aluminium ingot price has experienced a cut of INR 5,500 per tonne or 2.36 per cent to stand at INR 227,250 per tonne as of December 13 versus INR 232,750 per tonne on December 6.
In October 2022, primary aluminium production in North America stood at 313,000 tonnes, rising by 3.99 per cent or 12,000 tonnes month-on-month. In September, the output was 301,000 tonnes, down by 4,000 tonnes or 1.31 per cent from 305,000 tonnes in August.
On December 15, 2022, while distributing dividend Norsk Hydro, the Norwegian aluminium maker, stated that it would slash more costs and raise its capital expenditure (Capex) in 2023.
To know more: https://www.alcircle.com/news/inflation-forces-norsk-hydro-to-raise-capital-expenditures-and-cut-spending-87458
China’s social inventories of primary aluminium have suffered a loss of 18,000 tonnes week-on-week to reach a new low on Thursday, December 15. According to the Shanghai Metals Market data, inventories have come in at 482,000 tonnes, the lowest in nearly five years. The figure is also 34,000 tonnes lower than at the end of November and 429,000 tonnes less than a year ago.
To know more: https://www.alcircle.com/news/chinas-primary-aluminium-inventories-reach-nearly-5-year-low-at-482-000-tonnes-87459
According to a report on Wednesday, December 14, global aluminium producers have proposed premiums of $95-$105 per tonne to Japanese buyers for the metal shipments during the first quarter of 2023. That is 4 per cent less than the current quarter, whilst at the same time, 6 per cent higher, as reported by three sources directly involved in quarterly pricing talks.
To know more: https://www.alcircle.com/news/global-aluminium-producers-offer-95-105-t-premiums-to-japanese-buyers-for-1q2023-88451
Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next day to bring its ingot price back to INR 227,000 -258,000 per tonne.
To know more: https://www.alcircle.com/news/vedantas-aluminium-ingot-price-gains-inr1250-t-on-december-16-as-lme-price-grows-slightly-88454
Cimic Group's specialist end-to-end engineering and services provider, UGL, has been awarded five multi-year energy and resources contracts in Western Australia amounting to $136 million. The projects will start in late 2022.
To know more: https://www.alcircle.com/news/alcoa-aluminium-smelter-among-136-million-in-ugl-contracts-87450
Three-month LME aluminium opened at US$2,446 per tonne on Thursday, December 5, with high and low at US$2,450 per tonne and US$2,375.50 per tonne, respectively, before closing at US$2,386 per tonne, a drop of US$66 per tonne or 2.69 per cent.
On Friday, December 16, the A00 aluminium ingot price in China slumped by RMB 80 per tonne to stand at RMB 18,840 per tonne, with the average prices standing between RMB 18,820 per tonne and RMB 18,860 per tonne. The spot contract price is expected to be traded at a premium price of RMB 100 to RMB 140 per tonne.
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