Fire crews responded to a molten aluminium spill at Bridgnorth Aluminium on September 14 afternoon after the incident caused several small fires at the facility. Crews from Bridgnorth and Much Wenlock arrived shortly before 4 pm on September 14. The incident was recorded as a building fire, and operations officers also attended. Firefighters dealt with the fires caused by the molten aluminium spill. The incident also shows the role fire crews can play when such an incident occurs at a production facility. Molten aluminium is handled at very high temperatures, so a quick response is important when a spill leads to fire. Firefighters are trained to deal with these situations and can provide industries with support when an unexpected incident takes place. Prompt actions play a key role in...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,150 per tonne, up RMB 110 or 0.46 per cent from yesterday's settlement price. It opened at RMB 24,120 per tonne during the day and fluctuated in the range of RMB 24,075-24,195 per tonne. Prices traded below MA5 (24,205.00) and MA10 (24,312.50), and above MA30 (24,065.00) and MA60 (23,616.83). The short-term rebound structure has been partially repaired, while the consolidation pattern continues, with short-term moving averages above forming key resistance. The MACD DIF (123.0407) is below DEA (150.9039), and the MACD green bar stands at -55.7263, indicating bulls' momentum remains weak. The suggested core trading range for SHFE aluminium is RMB 23,800-24,600 per tonne. The LME aluminium 3M contract settled at USD 3,249...
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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. In 2022, Alcoa generated revenue of $12,451 million, up by 2.46 per cent from $12,152 million in 2021, driven by higher alumina and aluminium prices and higher premiums for value-added products. However, the revenue in Q4 stood 6.59 per cent lower at $2,663 million than $2,851 million during the same period last year. Alcoa’s adjusted net income was just a reverse case. In the entire year, it decreased by 31.38 per cent Y-o-Y from $1,297 million or $6.83 per share to $890 million or 4.83 per share;...
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. Foshan saw the highest growth over a week, driven by high shipments from southwest China. Inventory in east China also maintained seasonal accumulation. Slow consumption among extruders due to the shutdown of small and medium-sized plants for the CNY holiday also contributed to the billet inventory hike, stated SMM. Going ahead, aluminium billet inventories in east and south China are estimated to climb further. To know the current status of aluminium billet inventories in more details, refer to the...
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. The organisation has implemented several 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 shopfloors. The business has updated its oil monitoring procedure using cutting-edge business intelligence technologies to monitor oil recovery and consumption at the equipment and SBU levels. This will assist BALCO in maximising and lowering the amount of oil used in specialist vehicles and large machinery. Strategic business units will be able to optimize the use of new oil and...
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. On the sidelines of the World Economic Forum’s annual meeting in Davos, Khaldoon Khalifa Al Mubarak, the CEO of Mubadala Investment, told Bloomberg, “It will happen maybe this year. We’ll see how markets react. If it’s appropriate and makes sense for the shareholders and us, we might go in the third or fourth quarter.” For some years, EGA, owned equally by Mubadala and the Investment Corporation of Dubai, has been considering an initial public offering. However, according to Bloomberg, it was planning to hire three US banks as lead underwriters for the deal...
LME aluminium opened at US$2,638 per tonne on Thursday and closed at US$2,583.5 per tonne, a drop of US$54.5 per tonne or 2.07 per cent. 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. The 3-month bid price recorded a plunge of US$89.50 per tonne or 3.36 per cent, officially resting at US$2,570.50 per tonne, and the 3-month offer price saw a decline of US$91 per tonne or 3.42 per cent to halt...
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. All the major Chinese provinces have unanimously witnessed the ingot price growth of RMB 140 per tonne. In most provinces, the prices are hovering below RMB 19,000 per tonne, except for Foshan and Chongqing, where A00 aluminium ingot price has come in at RMB 19,030 per tonne and RMB 19,010 per tonne, respectively. The domestic low-carbon aluminium price and high purity aluminium...
According to the recent data published by the General Administration of Customs released on Wednesday, January 18, China imported 2.39 million tonnes of unwrought aluminium and products, including primary metal and unwrought and alloyed aluminium. That reflected a year-on-year downfall of 25.6 per cent as domestic aluminium production increased to a record high and COVID-19 restrictions weighed on consumption. In 2021, China’s aluminium imports stood at 3.2 million tonnes, a record volume amid domestic supply disruptions due to transportation hazards for COVID restrictions. The downfall in 2022 was contributed by weaker demands, particularly from the construction, transportation and packaging sectors. Increased primary aluminium output to a record at 40.21 million tonnes due to relaxed...
Hindalco Industries Limited has escalated by INR 6,250 per tonne or 2.6 per cent, with effect from Thursday, January 19. This has brought the company’s aluminium ingot price to INR 246,250 per tonne versus INR 240,000 per tonne on January 18. Hindalco’s aluminium ingot price on January 18 witnessed a decline of INR 2,500 per tonne or 1.03 per cent from INR 242,500 per tonne on the previous day. Hindalco’s aluminium wire rod price has come in at INR 257,350 per tonne on January 19, compared to INR 251,100 per tonne on January 18. The price sees a hike today after shrinking by INR 2,500 per tonne from INR 253,600 per tonne on January 17. With the latest hike, aluminium billets price sums at INR 260,350 per tonne, following a downfall on the previous day from INR 256,600 per tonne to INR...
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to be traded at a discount price of RMB 120-80 per tonne. Compared to a week ago, China’s A00 aluminium ingot price has edged RMB 610 per tonne higher than RMB 18,230 per tonne as of January 12. The aluminium ingot price rally since early January has enabled many smelters to return to the profit-making territory. This week smelters reported an average profit of RMB 738.7 per tonne. Many provinces have witnessed the aluminium ingot price increase by RMB 200 per tonne on January 19, such as Foshan,...
The three-month LME aluminium opened at US$2,618.50 per tonne on Wednesday, January 18, and closed at US$2,611.50 per tonne, a decrease of US$7 per tonne or 0.27 per cent. On the same day, the LME aluminium cash bid price and the LME aluminium official settlement price surged by US$73 per tonne and US$73.50 per tonne, following a slump on the previous day to stand at U$2,635 per tonne and US$2,636 per tonne. The 3-month bid price skyrocketed by US$74 per tonne to settle at US$2,660 per tonne, and the 3-month offer price ascended by US$75 per tonne to rest at US$2,662 per tonne. December 24 bid price and December 24 offer price stopped at US$2,780 per tonne and US$2,785 per tonne, recording an increase of US$57 per tonne from US$2,723 per tonne and US$2,728 per tonne. LME aluminium opening...
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. NALCO’s aluminium wire rod price has also witnessed an increase of INR 10,000 per tonne or 4.2 per cent to hover around INR 243,850-248,200 per tonne as of January 18. Aluminium billets price has been raised by 4.2 per cent as well with effect from January 18 to peg at INR 243,800-246,450 per tonne versus INR 233,800-236,450 per tonne on January 12. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
The three-month LME aluminium opened at US$2,618.50 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$6 per tonne or 0.23 per cent. On Tuesday, January 17, the LME aluminium cash bid price and the LME aluminium official settlement price recorded a downfall of US$40.50 per tonne or 1.56 per cent after two consecutive hikes. Thus, the prices stood at US$2,562 per tonne and US$2,562.50 per tonne versus US$2,602.50 per tonne and US$2,603 per tonne on the previous day. The 3-month bid price contracted by US$37.50 per tonne to settle at US$2,586 per tonne, while the 3-month offer price shrank by US$37 per tonne to close at US$2,587 per tonne. December 24 bid price and December 24 offer price showed no exception but registered a decline of US$44 per tonne to come in at...
A00 aluminium ingot price has been boosted by RMB 130 per tonne, halting at RMB 18,640 per tonne, as the Shanghai Metals Market recorded on January 18. The aluminium price has risen for two consecutive days, and the mid-week scenario seems to be pointing at a subtle price increase throughout the entire week. The average prices are expected to range between RMB 18,620 per tonne and RMB 18,660 per tonne, with spot contracts trading at discount prices of RMB 110 per tonne and RMB 70 per tonne. The provinces in China all have witnessed escalating prices today, with aluminium price amplifying the most in Wuxi by RMB 130 per tonne, officially closing at RMB 18,615 per tonne. Then we come across a uniform hike of RMB 120 per tonne in the following areas; Gongyi, Foshan, Chongqing, Shenyang and...
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. Established in 1993, Trafigura Group Pte. Ltd is a Singapore-headquartered Swiss multinational commodity trading enterprise that mainly focuses on base metals and energy. With this, Trafigura has dedicated its commitment to FMC for the third time, as it can already be regarded as the attestation firm related to FMC’s shipping and aluminium industry ties. The CEO and Executive Chairman of Trafigura, Jeremy Weir, exemplified: “In making our third commitment to the First Movers Coalition and its aims, we...
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.” This e-Magazine aims to include companies and associates from the entire aluminium value chain to let them share their journey to achieving sustainability. From producers to suppliers, all...
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. That brought Rio’s total aluminium output in 2022 to 3.009 million tonnes, down by 4.48 per cent from 3.15 million tonnes last year. The downfall in the annual aluminium production in 2022 was due to reduced output at Kitimat smelter in British Columbia, Canada and Boyne smelter in Queensland, Australia. However, the recovery at both the smelters is progressing and is expected to come into operation at full capacity in 2023. Bauxite production in Q4 stood...
LME aluminium opened at US$2,595 per tonne on Monday and closed at US$2,603.5 per tonne, an increase of US$8.5 per tonne or 0.33 per cent. On January 16, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price glided up by US$92 per tonne or 3.66 per cent, closing at US$2,602.50 per tonne and US$2,603 per tonne. The LME price is on an upward stroll keeping last Friday’s hike in mind. The 3-month bid price witnessed an escalation of US$79.50 per tonne or 3.1 per cent, officially resting at US$2,623.50 per tonne, and the 3-month offer price saw a rise of US$78 per tonne or 3.06 per cent to halt at US$2,624 per tonne. December 24 bid price and December 24 offer price stood at US$2,767 per tonne and US$2,772 per tonne on Monday, with an ascend of US$57 per...
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 FCN project, managed by the in-house Engineering and Operations team, has lifted Alba's amperage to 410 kA at Potlines 4 and 5, enabling the first aluminium smelter in the Middle East to increase production capacity by approximately 17,000 tonnes per annum. Commenting on this occasion, Alba’s Chairman Shaikh Daij bin Salman bin Daij Al Khalifa said: “By chasing operational efficiency, we will attain excellence as we journey to the...
