Last week was a very exciting time for AL Circle with the rebranding experience in play. Overall, the aluminium industry, too, saw a few gut-wrenching events. A fire broke out at Rusal-owned Krasnoyarsk Aluminium Smelter on Wednesday. A transformer caught fire in a 50 square metre area. No casualties have been reported yet, and the cause of the fire is unknown. German company Speira is closing down its primary aluminium production after 62 years, with the last potlines scheduled to shut by December 2023. The Rheinwerk facility will be transformed into a recycling-based foundry, aligning with sustainability and a circular economy. Speira aims to reduce its environmental footprint and conserve resources. On the brighter side, Rio Tinto's Kitimat aluminium smelter is now fully operational after a 17-month restart due to a strike in 2021. The smelter has achieved its maximum production capacity of 432,000 tonnes of aluminium per year, marking the first instance of such achievement since 2018. Rio Tinto plans to celebrate the smelter's 70th anniversary next year. Shanghai Metals Market was closed due to the Mid-Autumn and the National Day Holidays, while the LME aluminium benchmark price shed US$78 per tonne or 3.41 per cent over the week from US$2,286 per tonne on October 2 to close at US$2,208 per tonne on October 6.
After an incredible 62-year run of smelting operations, the German Speira company is embarking on a transformative journey. In a bold and forward-thinking move, the company has decided to cease the production of primary aluminium by the end of 2023, with the last of the potlines scheduled to be shut down by December.
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Rusal-owned Krasnoyarsk Aluminium Smelter reportedly caught fire on Wednesday, October 4. At 8:57 am (0157 GMT), a fire breakout was reported on the territory of the KrAZ (Krasnoyarsk Aluminium Smelter).
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This September marks the 46th annual "Quality Month" in the country, and Ningdong Aluminium Branch of State Power Investment Qingtongxia Aluminum Co., LTD. (referred to as Ningdong Branch) is utilizing the "Quality Month" activity platform to encourage all units to adopt advanced quality management methods and actively engage in mass quality activities such as QC teams, quality trustworthy teams, and innovation studios.
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Rio Tinto's Kitimat aluminium smelter is finally back in full production after a 17-month restart following a lengthy interruption caused by a strike in 2021. Rio Tinto general manager Simon Pascoe stated that the accomplishment is noteworthy for the community and his 1,100-member crew.
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We have unveiled our revamped global aluminium marketplace platform, ushering in a new era of efficient and accelerated business transactions for companies worldwide. With over 1500 suppliers from 110 countries already on board, AL Biz aims to become the ultimate destination for global buyers and sellers seeking faster and more streamlined business interactions.
To know more: https://shorturl.at/bqxZ9
In celebration of its new brand identity, AL Circle announces an exclusive limited-period offer for its valued existing members and newcomers joining the AL Circle community. This offer provides valuable insights and benefits to individuals and companies alike.
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In 2022, AdTech Metallurgical Materials Co., Ltd initiated a cooperative partnership with the Russian aluminium giant Rusal, building a reputation and commendation of Rusal throughout their collaborative journey. AdTech's unwavering commitment to product quality and service excellence has solidified its standing in this collaboration.
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The Norwegian government's national budget proposal, unveiled on October 6, contains various components that have implications for Hydro's activities within Norway. Of these, the most notable and concerning one pertains to the CO2 compensation scheme. Hydro is surprised and expressed disappointment at the additional dilution of this scheme.
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The United States aluminium crude metals and alloys imports from the United Arab Emirates in the first half of 2023 amounted to 308,000 tonnes, registering a jump of 60.42 per cent from 192,000 tonnes during the corresponding period of the previous year.
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Vedanta Limited, an Indian multinational mining company, has announced its metal output report for the second quarter of FY2023-24 ended September 30. As per the report, Vedanta produced 594,000 tonnes of aluminium compared to 579,000 tonnes in the June quarter. That reflected a sequential rise of 2.59 per cent in Vedanta's aluminium production during Q2 FY2024.
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On the supply side, there are indications of an increase, notably in China, which is expected to lead to an excess metal balance for the current calendar year. As a result, metal prices are unlikely to see significant improvements in the near term and the profit margins of the industry are expected to remain under pressure in the face of a weak global environment, Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA, commented.
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Primary aluminium production in North America during August 2023 stood at 332,000 tonnes, reflecting a slight increase of 2,000 tonnes or 0.60 per cent month-on-month, found the International Aluminium Institute. The output growth extended in August but at a slower rate compared to 2.80 per cent in the previous month. In July, North America’s primary aluminium production was recorded at 330,000 tonnes versus 321,000 tonnes in June.
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On Thursday, October 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$35.5 per tonne or 1.59 per cent to halt at US$2,195 per tonne and US$2,195.50 per tonne.
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On October 03, 2023, Emirates Global Aluminium proudly announced that it has successfully maintained a second consecutive summer with no heat-related illnesses among its workforce. Working outdoors in the United Arab Emirates during the summer can pose a severe risk of heat-related illnesses, which, if not promptly addressed, can lead to fatalities.
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In the scenic Bintan Island of Indonesia, a new industrial complex is emerging near a bustling seaside resort, marking a significant shift from traditional tourism and fishing to aluminium.
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