Camel Group is investing approximately VND 2.7 trillion (USD 106 million) in a new aluminium packaging factory in Quang Tri, Vietnam, with an annual production capacity of up to 1 billion packaging products. Covering nearly 10 hectares, the facility is being developed in two phases. The first phase involves an investment of around VND 2.3 trillion (USD 90 million) and is designed to produce 700 million units annually. The second phase will receive nearly VND 400 billion (USD 16 million), adding capacity for another 300 million products a year. To learn the growing contribution of aluminium flat rolled products in the packaging sector, explore our report " ALuminium in Packaging: Consumer Trends and Market Dynamics " Le Quang Thinh, a member of Camel Group’s Board of Directors, said the...
Futures: SHFE aluminium closed at RMB 23,170 per tonne in the daytime session (down 0.22 per cent), moving sideways. Prices barely held above the MA5 (23,111) but were capped by the MA10 (23,199) and MA30 (23,352), with the bearish alignment of moving averages unchanged. The MACD formed a golden cross below the zero axis (DIF -132.31, DEA -150.30), with the red histogram expanding to 35.98, but trading volume shrank sharply to 43,600 lots, and the volume-price divergence limited the rebound height. The core trading range for SHFE aluminium is suggested at 22,900-23,400. LME aluminium closed at USD 3,082 per tonne (up 0.31 per cent). Prices held above the MA5 (3,063.8), MA10 (3,072.5), and MA30 (3,068.4), but remained capped by the MA60 (3,166.4), in a weak recovery phase within the...
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In the wake of the COVID-19 pandemic, Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has taken a first-of-its-kind initiative by hosting virtual ‘Market Update’ sessions with its customers worldwide. Organised in cooperation with CRU, the virtual sessions took place on September 3, 4, 9, and 10, with the agenda of updating the customers about how Alba is navigating through the impacts of COVID-19 pandemic and what are its latest developments during the critical time. Speaking about this initiative, Alba’s Chief Executive Officer Ali Al Baqali said: “COVID-19 has undoubtedly brought the aluminium industry closer as we prepare ourselves to emerge from this pandemic stronger.” He also said, “Alba’s unique virtual collaboration with CRU enabled us to not only...
Maine Governor Janet Mills, New Hampshire Governor Chris Sununu, and Vermont Governor Phil Scott called on President Donald Trump to reverse his decision to reimpose a 10% tariff on imports of non-alloyed unwrought aluminium from Canada. They said this would hurt manufacturers and supply chain businesses in northern New England. “Businesses, big and small, have built complex, integrated supply chains in aerospace, information technology, construction materials, food systems and more,” the governors said in a letter sent to the President. “We strongly believe that this stance regarding Canadian aluminum will only hurt American manufacturers. It is time to look at solutions to elevate commerce on both sides of the border and not penalize key industries.” Trump’s tariff decision will raise...
Australian mineral water brand Calm & Stormy has reportedly introduced aluminium can packaging as an alternative option to single-use plastic bottles. According to the report, the company’s aluminium can packaging contains 70 per cent recycled content. Calm & Stormy believes aluminium cans are the most sustainable packaging option as the metal never degrades. “I’ve noticed a significant increase in people’s awareness of the issue,” said Murray Raeburn, co-founder of Calm & Stormy. “I’m inspired to see Australians taking action, as they seek out more sustainable alternatives.” Calm & Stormy is a member of the 1 per cent for the Planet organisation, committing 1 per cent of the company’s gross sales to the fight to reduce ocean plastic waste. The brand offers mineral water sourced from a...
Kazakhstan has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Kazakhstan is a member of the Eurasian Economic Union. Kazakhstan's economy and society have undergone deep transformations since the country declared independence in 1991. Kazakhstan has set itself the goal of becoming one of the 30 most developed countries in the world by 2050. The Central Asian nation’s import of aluminium wires during 2018-19 has been recorded with rapid growth, as the import volume stood at 14,318 tonnes, which occurred with an expenditure of $31.17 million. The estimated import for 2020 has been marked at 12,056 tonnes and revenue expenditure to be standing at $22.67 million. However, when the import volume and...
Beverage brand SKYE Energy has teamed up with Ardagh Group to launch new set of cans in the international markets. The new cans come in format variety of 500ml standard, 330ml sleek, 150ml slim and a 250ml slim can with special gold tone effect. The updated SKYE Energy cans embody the brand’s slogan ‘Feel the Victory’. The company has worked with Ardagh’s Graphics team bring them the ambitious vision of a dynamic, multi-screened print with perfect contrast and colour fidelity. The vibrant red, orange and dark red printed can body, with electric blue-glow highlights, delivers a dramatic visual jolt. Alexis Stavrianos, General Manager of SKYE Energy, said: “We worked very closely with Ardagh’s Graphics team to finalise specific elements of the updated SKYE Energy cans. They made it easy to...
According to a recent report, Capral Limited, Australia’s largest extruder and distributor of aluminium products, has joined the Australian Aluminium Council. The news came after the latter announced that it welcomed Capral as a new member, highlighting the growing importance of end-to-end domestic supply chains and the ability to add value to the nation’s natural resources. Capral is the Council’s first new member in a decade and is expected to enhance the Council’s downstream manufacturing representation. Executive Director of the Council Marghanita Johnson said: “The COVID crisis has reinforced the advantages of being able to value-add within a domestic supply chain – from Australian bauxite, to Australian alumina, to Australian aluminium and on to Australian extruders like Capral.” He...
Three-month LME aluminium rebounded from an intraday low of US$1,773 per tonne to end 0.64% lower at US$1,783.5 per tonne on Wednesday. The contract is expected to fluctuate between US$1,770-1,810 per tonne today. As of Wednesday September 9, LME aluminium cash (bid) price stands at US$ 1740 per tonne, LME official settlement price stands at US$ 1740 per tonne; 3-months bid price stands at US$ 1777.50 per tonne, 3-months offer price is US$ 1777.50 per tonne; Dec 21 bid price stands at US$ 1853.50 per tonne, and Dec 21 offer price stands at US$ 1853.50 per tonne. The LME aluminium opening stock stood at 1526575 tonnes. Live Warrants totalled 1308000 tonnes, and Cancelled Warrants were 218575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1786.60per tonne. SHFE...
According to Shanghai Metals Market, the average alumina spot price in China has recorded a plunge of RMB 13 per tonne to stand at RMB 2,333 per tonne on Thursday, September 10, following a restraint at RMB 2,346 per tonne on the earlier day. In Shanxi and Shandong, the price has declined by RMB 20 per tonne and RMB 15 per tonne, respectively, to come in at RMB 2,320 per tonne, while that in Henan has shrunk by RMB 10 per tonne to RMB 2,340 per tonne, found SMM. In other cities like Guangxi and Guizhou, the average alumina spot price has remained restrained at RMB 2,355 per tonne. Imported alumina price or Australian alumina FOB price has neither shown any changes from RMB 2,375 per tonne and US$ 275 per tonne, as of September 10. A00 aluminium ingot price has also remained muted at RMB...
Raffmetal S.p.A. has received Aluminium Stewardship Initiative Performance Standard certification for its refining operation in Casto, Italy. The facility produces standardized and industrial aluminium alloys in ingot form, continuous bar castings and in the liquid state from a broad range of recycled aluminium sources. The plant processes over 300.000 tonnes of scrap per year. Fiona Solomon, Chief Executive Officer at ASI said, “We warmly congratulate Raffmetal S.p.A. on its ASI Performance Standard certification for its aluminium alloys refining operation. Metal recyclers are a critical link in the value chain that harness aluminium’s beneficial circularity properties and give aluminium its sustainability credentials. On top of this, Raffmetal’s use of its production residues to create...
New Day Aluminum Holdings LLC, through its subsidiary Noranda Alumina, has executed a Letter of Intent with Cemtech Materials Corporation to sell 60,000 tonnes of bauxite residue starting from the Q4 of 2020. This bauxite residue will be used in the cement production process as the raw material for iron (Fe), replacing other current iron-bearing raw materials. This agreement was preceded by a beneficial use approval from the Louisiana Department of Environmental Quality for Noranda Alumina to supply bauxite residue into the cement industry. David D’Addario, Chairman and CEO, New Day Aluminium Holdings, stated: “We are focused on continuously improving the sustainability of our business and reducing our environmental footprint on our path to a zero residue refinery in Gramercy. The...
India has initiated an anti-dumping probe in the imports of certain flat-rolled products of aluminium originating in or exported from China based on a complaint by Hindalco Industries, alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR) will probe the dumping from FY17 to December 2019. DGTR has communicated that: “The applicant has also claimed that imports are causing a threat of material injury, considering the significant increase in imports as compared to the base year, significant surplus capacities in the subject country, the high export orientation of producers in the subject country and the ability to scale up production in a short span.” It added: “All these factors go on to show that imports are causing a threat of...
Alcoa Corporation’s Executive Vice President and Chief Financial Officer William F. Oplinger will participate in two separate investor conferences. Oplinger will participate Credit Suisse 33rd Annual Basic Materials Conference in a virtual question and answer session on Tuesday, September 15, 2020, beginning at 9:30 a.m. EDT. Oplinger will also attend Morgan Stanley 8th Annual Laguna Conference in a virtual question and answer session on Wednesday, September 16, 2020, beginning at 9:45 a.m. EDT. A slide presentation will be available on the “Investors” section of the Company’s website at www.alcoa.com . Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For...
Clarendon Alumina Production Limited, CAP, has repaid all its outstanding debt to the alumina partner Noble Group, amounting to US$135.7 million. The Jamaican Government indicated last month that it planned to repay the funds, but gave no precise timeline. However, in a notice to shareholders this week, Noble Group Holdings Limited said: “Its wholly-owned subsidiary, Noble Resources International Pte Ltd, has received full repayment of the loan and interest outstanding under the prepayment facility agreement with CAP.” “The aggregate amount received was US$135.7 million,” Noble said. Jamalco is CAP’s primary asset. Clarendon Alumina Production holds 45% of the refinery on behalf of the Government of Jamaica, while Hong Kong-based Noble Group holds 55% via subsidiary General Alumina...
According to figures released by the European Aluminium Foil Association (EAFA), aluminium foil deliveries were down 4.5% in Q2, compared to 2019. Total deliveries came in at 234,000 tonnes. In H1 2020, aluminium foil production declined 2.0% to 476,000 tonnes. “Aluminium foil deliveries inside Europe stayed relatively strong thanks to more demand for some gauges used in packaging application, during the current pandemic. Exports continued to decline due to lockdowns in many economies and disrupted supply chains,” EAFA said. Domestic deliveries of thinner gauges, mainly used for flexible packaging and household foils, increased marginally (0.3%) in Q2. European deliveries of all gauges in H1 rose 0.5% over last year. Overall there was a small drop in total deliveries for thinner gauges,...
Azelio, the Swedish energy storage firm and Atria Power of India have signed an MOU towards the collaboration of installation of over 65MW capacity of Azelio’s energy storage until 2025 in India. This is Azelio’s first landing foot in India and it is visualised as a market with the huge potentiality for renewable energy solutions in off-grid areas. Atria Power aspires to use Azelio’s energy storage technology to supply both electricity and heat. Whereas by combining Azelio’s energy storage units with cooling and water desalination technologies, Atria will offer zero-emission electricity, potable water, and cooling for rural villages and communities in India. Azelio’s storage technology can be connected to solar PV, wind power, or any other energy source. The energy is stored in recycled...
Ireland has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Ireland is a member of the European Union. A wide range of manufactured products is exported, including electrical machinery and apparatus, processed foods, chemical products, clothing and textiles, and beverages. The North Atlantic Island nation’s bauxite importation during 2017-19 has remained strong, as the import volume stood at 11.79 million tonnes and revenue expended on the import remained at $383.60 million. The estimated import for 2020 has been analysed at 4.59 million tonnes and expenditure to stand at $182.04million. However, when the analysed import volume and expenditure of 2020 gets assorted with the previous three years, it...
Mpac Group plc, a global leader in high speed packaging and automation solutions, has purchased Switchback Group, Inc., a USA based supplier of packaging machinery and automation solutions to the food, beverage and healthcare markets. The initial price is $13.0 million, payable in cash, with a further earn-out consideration of up to $2.0 million. Mpac aims to become a market leader in the provision of full-line packaging solutions for the pharmaceutical, healthcare, and food and beverage sectors. Switchback, founded in 2006, is a provider of packaging machinery that benefitted from the shift towards increased use of recyclables, aluminium cans, and cardboard packaging. The President of Switchback, Dave Shepherd, will remain with the business to continue the next phase of its growth...
The world is celebrating its first-ever 'World EV Day' on September 9, and to commemorate the occasion, Nissan has announced a major milestone of producing its 500,000 th Nissan LEAF, the world’s first mass-market 100 per cent electric car. With half billion LEAF built globally, customers around the world continue to embrace the pioneering zero-emission vehicle. The 500,000th LEAF is being built at Nissan’s plant in Sunderland, England, which so far has built more than 175,000 LEAF cars since it began producing the model in 2013. Continued to be crafted with the highest standards to ensure the car embodies the same innovation, the 500,000 LEAF has found its happy owner Maria Jansen from Norway. The Nissan Australia Casting Plant (NCAP) continues to produce 2.5 million metal casting per...
