Molson Coors Beverage Company reported a USD 30 million unfavourable impact from Midwest Premium pricing in the third quarter, adding to inflationary pressures across materials, logistics and manufacturing expenses. The brewing company also reported lower-than-expected revenue and reduced its full-year financial outlook, sending its shares down 3.36 per cent in pre-market trading on Thursday. The company reported net sales of USD 2.93 billion for the third quarter, falling short of analysts' expectations of USD 2.94 billion. Revenue declined 1.6 per cent compared with the corresponding period last year, while sales decreased 1.2 per cent on a constant currency basis. The decline was primarily driven by a 3.0 per cent fall in financial volume, partly offset by favourable pricing and sales...
Iran is expanding its domestic aluminium manufacturing capabilities through nanostructured anodising technology, developing specialised aluminium sheets and profiles for applications across aerospace, medical equipment, electronics and automotive industries. The initiative reflects a move towards higher-value aluminium products by improving the metal's surface properties and expanding its potential industrial applications. According to Pars Today, citing Mehr News Agency, an Iranian aluminium complex is using the technology to produce aluminium components with nanostructured ceramic coatings designed to improve resistance to corrosion and wear. The complex is also working on developing specialised aluminium standards and has so far established eight standards in this field. The...
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The HeiDetect Wheel Robot wheel inspection system, from the house of HEITEC PTS, attains an intensely high output due to its integrated industrial robot and is supreme for inline operation in the mass production of cast aluminium automotive wheels. The several areas of cast aluminium wheels can be inspected through one testing position using the large X-ray detector, which drops the number of handling steps and reduces the test time for each wheel. HeiDetect Wheel Robot delivers a fully automatic wheel test facility and, through the integration of the ISAR image evaluation software and the 400 mm x 200 mm XEye detector, developed by the Fraunhofer Institute for Integrated Circuits that permit almost pseudo-error-free evaluation with stable image quality. The methodical processing of...
According to the Shanghai Metals Market, A00 aluminium ingot price has remained restrained at RMB 15,690 per tonne, with average prices expected to range between RMB 15,670 per tonne and RMB 15,710 per tonne, as of Wednesday, January 6. Spot contract is expected to trade at a premium price of RMB 50-90 per tonne, down by RMB 10 per tonne from the previous day. Restraint in A00 aluminium ingot price today has touched upon Foshan, Wuxi, Gongyi, and Chongqing. The prices there are continuing at RMB 15,760 per tonne, RMB 15,690 per tonne, RMB 15,610 per tonne, and RMB 15,675 per tonne, respectively. The primary aluminium ingot price in Tianjin has fallen by RMB 40 per tonne to RMB 15,650 per tonne on January 6, followed by the decline of RMB 20 per tonne in Linyi to RMB 15,720 per tonne and...
Benchmark aluminium price on London Metal Exchange inched up by 0.7 per cent to come in at US$ 2027.5 per tonne on Tuesday, 5 January 2021, from US$ 2013.5 per tonne on 4 January 2021. As of Tuesday January 5, LME aluminium cash (bid) price stands at US$ 2027.50per tonne, LME official settlement price stands at US$ 2027.50 per tonne; 3-months bid price stands at US$ 2032.50 per tonne, 3-months offer price is US$ 2032.50 per tonne; Dec 21 bid price stands at US$ 2094 per tonne, and Dec 21 offer price stands at US$ 2094 per tonne. The LME aluminium opening stock stood at 1324500 tonnes. Live Warrants totalled 1187350 tonnes, and Cancelled Warrants were 137150 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2029.67per tonne. SHFE Aluminium Price Trend Benchmark...
Beverage company G-Zee Brands has released H2O Sonoma Soft Seltzer 0.0% in recyclable 16oz (473ml) cans. The new range is a wine-infused non-alcoholic sparkling water. The Seltzer is available in three flavours: Pinot Noir, Rosé, and Sauvignon Blanc. The company will launch five more varieties: Cabernet Sauvignon, Chardonnay, Merlot, Moscato, and Zinfandel. Sonoma Winemaker Robert Rex said, “over the years, many customers expressed their desire for a wine-themed non-alcohol refreshment—something truly interesting they could drink anytime, anywhere. H2O is our studied answer.” “H2O Sonoma Soft Seltzer is a healthy alternative — and a great companion — to wine, beer, cocktails or champagne. Treat yourself to a thirst-quenching can of H2O on your commute, at the stadium, on the beach, or...
On 5 th January 2021, Emirates Global Aluminium announced that its Al Taweelah alumina refinery, the first in the UAE, has delivered sustained monthly production at or above nameplate capacity for the past three months. The milestone marks the completion of a world-class ramp-up of Al Taweelah alumina refinery and was achieved within 21 months of the commencement of production despite the challenges of a global pandemic. Other refineries commissioned elsewhere in the past decade have taken three years or more to reach this level. Al Taweelah alumina refinery ramp-up has been delivered with excellent safety performance, with zero injuries leading to time off work. The alumina refinery can produce some 2 million tonnes of alumina per year, enough to meet 40% of EGA’s demand. Al Taweelah...
The International Aluminium Institute (IAI) announced that Winning International Group has cut ties with the industry body. IAI has updated its member list to 25 members, Reuters reported. Winning International Group, headquartered in Singapore, provides land logistics, maritime logistics, and ocean transportation services of bauxite, alumina, nickel, iron ore and general cargo for clientele around the globe. Currently, the Group is the world’s largest bauxite shipping company. IAI’s members include state-owned Aluminum Corp of China, or Chinalco, Alcoa , Norsk Hydro, Rio Tinto and Rusal . “Winning are no longer members of the IAI,” the body’s London secretariat said. In August, China Hongqiao Group left the International Aluminium Institute within four years of joining the international...
On 14 th November’20, AlCircleBiz, the world's first global marketplace that connects millions of buyers and sellers across the entire aluminium value chain was launched with a bang. AlCircleBiz is a unique initiative to connect millions of buyers and sellers across the aluminium eco-system and with the mission of practising absolute transparency, the platform is all set to connect buyers and sellers through enquiries against listed products and business leads. Followed by its launch, AlCircleBiz remains a trending itinerary in the global aluminium sector, as it covers the entire aluminium value chain right from Raw Materials to End Products, Surplus/Scrap, Technology, Equipment, and Accessories. The benefits of the basic package: Product Listing : List the products/services that you want...
The economy of Australia's grew by 3.3% in the third quarter, recovering from its first recession in nearly three decades as it recovered from pandemic-related shocks, according to report released at the beginning of December’20. Josh Frydenberg, MP and Treasurer commented that the country still has a lot of ground to make up from the Covid-19 downturn. "Australia's recession may be over, but Australia's economic recovery is not," he said. Australia’s export of aluminium scrap in 2018-19 was recorded at 240,652 tonnes and the earnings accounted for the import remained at $350.76 million. The export for 2020 stood at 119,075 tonnes and the earnings recorded was $67.24 million. However, when the export for 2020 gets assorted with the preceding two years, it signifies 359,727 tonnes and $418...
AUDI AG’s rolled press plants Ingolstadt and Neckarsulm have been certified against Aluminium Stewardship Initiative (ASI) Chain of Custody. AUDI claims that the company is the first automobile maker to be awarded the Chain of Custody certificate. “This certifies that Audi can comply with the materials flow chain for sustainably produced aluminum in accordance with the ASI standard and can also input correspondingly certified material to the Aluminum Closed Loop with its suppliers,” according to the company. The company’s other sites are already scheduled to receive ASI certification in 2021. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder...
Vedanta has hiked its aluminium products price after declining it for the third time in a row. With effect from Tuesday, 05 January 2021, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, a jump of INR 6,250 per tonne from INR 163,750-176,750 per tonne on January 01. The company’s Billet price has risen to stand at INR 178,000 per tonne on Tuesday, 05 January 2021. That is up by INR 6,250 per tonne from INR 171,750 per tonne on January 01. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
SMM aluminium ingot price has registered a hike after five days of drop. As of Tuesday, 05 January 2021, the price now stands at RMB 15690 per tonne, marking growth of RMB 100 per tonne from Monday’s price of 15590 per tonne. The price is expected to range at RMB 15670-15710 per tonne. In Foshan and Wuxi, the price has hiked by RMB 100 per tonne and RMB 90 per tonne to stand at RMB 15760 per tonne and RMB 15690 per tonne. Their average prices are expected to range within RMB 15740-15780 per tonne and RMB 15680-15700 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15690 per tonne and RMB 15675 per tonne, up RMB 100 per tonne and RMB 90 per tonne. Aluminium ingot prices in Shenyang, Tianjin Linyi and Gongyi have climbed to stand at RMB 15680 per tonne, RMB 15690 per...
CAMOZZI Automation has rolled-out a 25mm version of their new Series D range of valve islands, which is a highly versatile solution that permits expandable pneumatic and electrical functions in restricted spaces. The product is especially suited to applications requiring high flow rates with a robust and compact design, the 25mm, Size 4 valve has a 2,000 Nl/min flow rate and is available in both Multipole and Fieldbus versions. Constructed completely of aluminium to ensure high performance, especially in industrial environments with rough and demanding conditions, Size 4 shares the same structure and technical details as the rest of the Series D Family and is also Industry 4.0 ready and the goes to Camozzi’s sophisticated CoilVision technology. CoilVision engross integrated electronics to...
Benchmark aluminium price on London Metal Exchange rose 1.79 per cent to stand at US$ 2013.5 per tonne on Monday, 4 January 2021, from US$ 1978 per tonne on December 31. As of Monday January 4, LME aluminium cash (bid) price stands at US$ 2013.50 per tonne, LME official settlement price stands at US$ 2013.50 per tonne; 3-months bid price stands at US$ 2016 per tonne, 3-months offer price is US$ 2016 per tonne; Dec 21 bid price stands at US$ 2083.50 per tonne, and Dec 21 offer price stands at US$ 2083.50 per tonne. LME aluminium 3-months Asian Reference Price is hovering at US$ 1995.01per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2417 per tonne on Tuesday, 5 January 2021. SHFE aluminium shed 0.29% on Monday, January 4. Shanghai base...
On 4 th January 2021, the Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan delivered a letter to Prahlad Joshi, Coal and Mines Minister proposing him to increase the production capacity of Nalco’s Aluminium smelter plant at Angul. Pradhan in his letter has urged Joshi to take required steps for increasing Nalco aluminium smelter plant’s capacity to 1 MTPA from existing 0.46 MTPA given the availability of alumina at Angul (1.5 MTPA). The National Aluminium Company (NALCO) is endeavouring a brownfield expansion project for their Aluminium Smelter Plant at Angul district in Odisha. Pradhan wrote in his letter: “The expansion project is being undertaken to increase the capacity to 1 MTPA from 0.46 MTPA, which incorporates the construction of a 144 MW feeder Captive Power Plant...
The year 2020 has been a tough year for Hong Kong’s economy. The region was already in a recession in 2019 due to US-China trade tensions and domestic social unrest. In the first two quarters of 2020, real GDP shrunk by around 9% year-on-year. Hong Kong’s import of aluminium foil has recorded 5563 tonnes in 2018-19 and the expenditure occurred for the import remained at $22.10 million. The export for 2020 stood at 5900 tonnes and the revenue expenditure accounted for $32.60 million. However, when the import volume and expenditure of 2020 gets added with the existing two years, it denotes 11,463 tonnes and $ 54.70 million. The region’s import for aluminium foil in 2018 stood at 2777 tonnes and the expenditure remained at $7.85 million, whereas, in 2019, the import saw negligible growth by...
According to data shared by the US Geological Survey, the United States aluminium plates, sheets and bars imports from Saudi Arabia decreased 890 tonnes or 12.45 per cent month-on-month to 6,260 tonnes in September 2020, following hikes in July and August. In August 2020, the US aluminium plates, sheets and bars imports from Saudi Arabia stood at 7,150 tonnes, up 570 tonnes or 8.66 per cent month-on-month. In July, the imports stood higher by 1720 tonnes or 35.39 per cent than 4,860 tonnes in June to 6,580 tonnes. In the third quarter of 2020 ended on September 30, the US aluminium plates, sheets and bars imports from Saudi Arabia totalled 19,990 tonnes, up 31.52 per cent from 15,199 tonnes in Q2 2020. On a year-on-year calculation, the United States aluminium plates, sheets and bars...
At the end of the year 2020, another plant received a construction permit in the Jędrzejów-Południe zone, Poland. The investor, "Dom z klasą" company, will produce aluminium profiles for the construction industry, including windows and facades. The new plant will cover an area of approximately 10,000 square meters and engage 40 people initially, but the plans envisage that employment will increase significantly. The construction of the new plant is to start at the beginning of 2021 and take about 2 years. Mahmoud Othman, President of the company said: “The plant will be producing aluminium profiles. The hall will occupy 10,000 square meters. As declared at the beginning of 2018, initially 40 people will find work in the plant, and ultimately it can rise to even 400.” He added: “The...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has reopened the market after the New Year Holiday with a plunge of RMB 120 per tonne to stand at RMB 15,590 per tonne, as of January 4, 2021. This marks the fifth consecutive day of decline since December 28, 2020. The average prices on January 4 are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot contract to be traded at a premium price of RMB 70-110 per tonne, up by RMB 40 per tonne from the previous day. In Foshan, A00 aluminium ingot price has declined the highest by RMB 150 per tonne to RMB 15,660 per tonne, followed by Shenyang and Tianjin, where the price has decreased by RMB 140 per tonne to come in at RMB 15,585 per tonne and RMB 15,590 per tonne, respectively. In...
