Hydro and Mercedes-Benz have expanded their long-standing partnership through a new long-term agreement covering the supply of low-carbon primary and recycled aluminium, strengthening efforts to reduce emissions across the automotive supply chain. The agreement will cover at least 10 per cent of Mercedes-Benz's primary aluminium demand and extend beyond 2030. Under the agreement, Hydro will progressively lower the carbon footprint of the primary aluminium supplied to Mercedes-Benz to 3.5 kg of CO2e per kg by 2028. The partnership will also introduce Hydro CIRCAL recycled aluminium, which contains at least 75 per cent post-consumer aluminium scrap, into Mercedes-Benz production from 2027. The agreement builds on the companies' collaboration established in 2022 and provides long-term demand...
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...
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Average alumina spot price in China has recorded a plunge from RMB 2,354 per tonne to RMB 2,346 per tonne, as of Tuesday, September 8, found the Shanghai Metals Market. This marks the second consecutive day of decline following a week-long restraint at RMB 2,360 per tonne during August 28-September 4. Among the major Chinese cities, Henan and Shanxi have witnessed a drop today in average alumina spot price of RMB 10 per tonne to stand at RMB 2,350 per tonne and RMB 2,340 per tonne, respectively. In Shandong, alumina spot price has remained restrained at RMB 2,335 per tonne, and so in Guizhou and Guangxi at RMB 2,355 per tonne. Imported alumina price has remained muted today after a downfall on the previous day from RMB 2,415 per tonne to RMB 2,375 per tonne. Australian alumina FOB price...
Ghana is looking for domestic or international partners to support the restoration and upgrading the state-owned Volta Aluminum Company’s (VALCO) smelter, to reach its production capacity of 300,000 tonnes per year by 2025. The Ghana Integrated Aluminum Development Corporation (GIADEC) has conveyed the message that interested parties could partner on a five-year, US$10 billion recovery plan for VALCO and the wider mining sector in the country. The first phase of the upgrade would increase the production of to180,000 tonnes per year, while a second phase would reach 300,000 tonnes per year. However, VALCO has a nameplate capacity of 200,000 tonnes per year, but currently, it produces only 60,000 tonnes per year as three out of five potlines are offline. Michel Ansakh, CEO, GIADEC said: “An...
According to a Reuters report, China’s exports of unwrought aluminium and aluminium products stood at 395,424 tonnes in August, the highest in four months. The exports registered a decline of 11% from August 2019. Unwrought aluminium and aluminium products export came in at 3.13 million tonnes in the first eight months of 2020. That was down 20% on the year. The decline was due to weak overseas because of the coronavirus pandemic. China turned net aluminium importer in July for the first time since 2009. Rise in China’s aluminium imports in July 2020 versus decrease in exports is seen as an inversion in trade flows due to the disconnect between Chinese market, which is in full recovery mode from the COVID-19 pandemic, and the rest of the world that is still struggling to get back on its...
The industry analysts said: “National Aluminium Company Ltd (Nalco) shareholders may have a thing or two to worry about in the coming years. The firm is going ahead with an expansion plan that will deplete cash flows and raise its debt levels. That may just be weighing on the stock.” As on 7 th September’20, Nalco’s shares have slipped by about 2% in trade. Nalco refinery expansion project is causing a bit of a flutter. Kotak Institutional Equities said: “Nalco is proceeding with its return dilutive alumina refinery expansion project of INR 6,000 crore. We estimate a negative free-cash-flow in FY2021-23 (estimates) as it would use all its surplus cash and NACL (Nalco) would require raising debt in FY2023 (E) to continue its expansion spends." The strain on cash flows could also impact its...
In the week earlier, operating rates across major aluminium processors in China climbed 0.2 percentage point on a weekly basis to stand at 77.4 per cent. Orders from automobile, construction, electronics, and packaging sectors improved, while orders at extrusion, wire, and cable producers did not post much significant change. Producers of aluminium plate/sheet, strip, foil, primary, and secondary aluminium alloy are optimistic about demand in September, and therefore, expect to boost operating rates. In the week ago, export orders of aluminium plate/sheet and strips improved slightly, while domestic demand remained as the main driver. Orders for construction plates and PS printing plates improved but can stock increased at a much slower rate in comparison with mid-August. Aluminium foil...
Amitabh Kant, CEO of the policy think tank NITI Aayog, has pointed out that upskilling the existing workforce in the Indian auto component sector would be an ideal way to ensure a smooth transition to electric vehicles. As far as the technical advancements are concerned required for the adoption of electric mobility, the workers should be trained in new systems and technologies, said Mr Kant, while addressing the inaugural session of the 60 th Annual Convention of the Automotive Component Manufacturers Association (ACMA). "There is a need to create jobs in the Indian auto component sector with various skill development programmes to cater to the new technologies like electric vehicles (EVs)," said Mr Kant. He said for EVS with only 20 moving parts compared to 2,000 moving parts in ICE...
The Croatian economy is one of the strongest economies in Southeast Europe. Croatia joined the World Trade Organization in 2000, NATO in 2009 and became a member of the European Union on 1 July 2013. The industrial sector represents 27% of Croatia's total economic output while agriculture represents 6%. However, FocusEconomics panellists forecast the economy to shrink 8.7% in 2020, which is down 0.4% points from July's estimate and to expand 4.7% in 2021. The South-eastern European nation’s importation of Aluminium alloy ingot during 2017-19 staged a strong and enterprising market, as the import volume recorded was 209,091 tonnes with expenditure occurred remained at $340.73 million. The projected import for 2020 has been evaluated at 107,833 tonnes and expenditure to stand at $162...
Limerick Lane Cellars, a Sonoma County estate winery, has announced the launch of a new sustainable premium wine brand called Revelshine. The new range, which is available in the three flavours, comes in sustainable aluminium bottles. Fourth generation winemaker Jake Bilbro, founder of Revelshine, said: "While my work life has always led me through wine, my passion and love is the outdoors. Rivers, mountains, beaches, music festivals - this is where I find my inspiration. I realized, along with my other friends who are surfers, skiers, kayakers, mountain bikers and musicians that you just do not have good wine where we enjoy these activities. If you do, it is because you had to go to extraordinary lengths to bring it (such as duct taping your bottles or pouring your good wine into...
As updated by Shanghai Metals Market, average spot alumina price in China has dropped by RMB 6 per tonne on Monday, 07 September 2020, to stand at RMB 2354 per tonne, after remaining flat at 2360 per tonne since August 28. The prices of alumina in Shanxi, Guizhou, Guangxi China markets have declined by RMB 10 per tonne each to stand at RMB 2350 per tonne, RMB 2355 per tonne and RMB 2355 per tonne on Monday, 07 September 2020. Alumina (Imported) price has reduced to RMB 2375 per tonne, representing a drop of RMB 40 per tonne after remaining unchanged at RMB 2415 per tonne since August 28. The average price is expected to move within a range of RMB 2350-2400 per tonne. A00 aluminium ingot price has climbed by RMB 250 per tonne to stand at RMB 14720 per tonne on Monday, 07 September 2020,...
According to a recent report, Shanghai Huafon Aluminium (601712) will start trading on the Shanghai Stock Exchange – Main Board from Monday, September 7, at a public offering price of RMB 3.69 per share, to raise RMB 921.13 million. Its initial listing shares will account for 25 per cent of the total outstanding shares. The company’s initial price-to-earnings ratio stands at 22.93. As per the report, Industrial Securities acted as the lead underwriter and sponsor for the IPO. Earlier, Shanghai Huafon Aluminium said its IPO was 1,145 times oversubscribed. From 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. On the very first day of listing, Huafon’s IPO is expected to hit the limit of 44 per cent increment. For subsequent 30-day...
Hulamin, the Pietermaritzburg-South Africa based Aluminium semi- fabricator has awarded just over R3.2 million worth performance share incentives to its CEO, Company Secretary and a Director of one of its subsidiaries. The drive came in a situation when the small-cap posted a wider annual loss of R1.4 billion in June’20 and staff lay-offs in 2019. Richard Jacob, Hulamin’s long-time CEO has been awarded 932,150 “performance shares” worth just over R2.1 million. Willem Fitchat, Company Secretary has been awarded 195,727 shares worth R446,805, while Marlene Janneker – a Director of Hulamin Operations Proprietary Limited has been awarded shares worth R766,630. All three award recipient has been engaged with the company since the 1990s when it was part of the Tongaat Hulett Group. Hulamin was...
The US dollar consolidated gains on Friday but was set for its biggest weekly rise in 2-1/2 months as an overnight drop in high-flying US technology stocks fuelled a bout of risk aversion in global markets. Three-month LME aluminium plunged to an intraday low of US$ 1,773.50 per tonne before wiping out all earlier losses to end 0.9 per cent firmer at US$ 1,792 per tonne on Friday. It is likely to trade between US$1,760-1,820 per tonne today. As of Friday, September 4, both LME aluminium cash (bid) price and LME official settlement price increased to US$ 1753 per tonne, following incessant declines from US$ 1781.50 per tonne to US$ 1743.50 per tonne in the three previous days. 3-months bid price and 3-months offer price hovered at US$ 1789 per tonne compared to US$ 1779 per tonne on...
The Spanish manufacturer for motorbike luggage box Shad has just rolled out a new range of models in the name of “TERA”. The newly launched products are quite contrasting from other brands boxes, as it is made from aluminium and affirmed that it is very sturdy. On 5 th September’20, Josep Fernandez, Director of PT Shad Indonesia, during launch in Jakarta said: “The name Terra was taken to respect the earth before life existed. Latin Terra refers to our planet and its extraordinary natural wealth and provides us with unlimited adventure for all motorcycle lovers.” This box is made of hardened aluminium alloy raw material, a type of aluminium that is stronger and lighter. Josep added: “With the Terra Lock System technology, it unites all motor case operations in one lock mechanism. With one...
According to the latest data shown by the US Geological Survey of June 2020, the United States in the said month export 150,000 tonnes of aluminium scrap, bringing the total scrap exports in the second quarter of the year to 396,000 tonnes. In the first quarter (January-March), the United States exported 458,000 tonnes of aluminium scrap. This means export in the second quarter saw a decline of 62,000 tonnes or 13.54 per cent over the quarter. The United States aluminium scrap exports in June increased by 28,000 tonnes or 22.95 per cent from 122,000 tonnes in May. In April, the export volume stood at 124,000 tonnes, meaning the export in March dropped by 2,000 tonnes or 1.61 per cent. On a year-on-year basis, the US aluminium scrap exports in June 2020 stood lower by 9,000 tonnes or 5.66...
On 4 th September’20, the French speciality alumina plant in Gardanne, Alteo started a new biological treatment station for its liquid effluents, designed and built by Veolia. Since the last phase of 2015, Alteo continued to invest in the purification of its liquid residues commonly called “red mud” that got discharged at sea. The ultimate step in these efforts was taken with the erection of a biological treatment unit, which got inaugurated recently. The installation was designed and built-in 14 months with Veolia, being accountable for operating and maintaining it under a three-year contract. The world leader in the production of speciality alumina said: “Alteo now fully complies with the regulatory requirements imposed on it for the quality of its effluents before they are discharged...
FAA, the US aviation authority has approved the four-bladed aluminium MacCauly C779 Blackmac propellers specially designed for the Cessna SkyCourier. The propeller manufacturer went through a test program of 135 hours, before securing this certificate, in which the propeller was subjected, among other things, to twice the number of centrifugal forces. Cessna has recently started the test program with two SkyCouriers after a first flight with the second prototype on 11 August. The aircraft, P1, recorded an altitude of 14,200 ft (4,023 m) during a 1:35 hour flight, reaching a speed of 210 kts (389 km / h). P1 is the first production compliant aircraft to be equipped as a cargo plane. On 17 th May’20, the first aircraft completed an initial 2:15 hour flight that went smoothly. Since then,...
Eamon Ryan, the Irish Minister of Climate Action has initiated a plan to install reverse vending machines throughout the country, which will allow shoppers to return their aluminium drink cans for a reward. The system initiating towards a part of a new deposit-and-return scheme aimed at preventing recyclable drink containers ending up in rubbish bins or as street litter. A public consultation will commence shortly, which will decide the final format. The idea is that machines will be installed at shops and other accessible places for use by customers and the general public. People can drop a can as they finish using it or collect a bundle at home to bring in one visit. In exchange, they will get a reward, most likely in the form of a voucher for use in the shop hosting the drop-off point,...
A00 aluminium ingot price in China saw mixed performance over the week. The week started with a increase of RMB 80 per tonne to stand at RMB 14760 per tonne on Monday August 31. The price continued to trend lower at RMB 14700 per tonne and RMB 14520 per tonne on Tuesday and Wednesday. The week ended lower at RMB 14470 per tonne on Friday, after registering a hike of RMB 20 per tonne on Thursday. Prebaked anode price in East China market edged higher by RMB 80 per tonne on 01 September 2020 after remaining flat at RMB 2930 per tonne since August 3. The average price is currently hovering at RMB 3010 per tonne. Prebaked anode prices in Central stood higher at RMB 3100 per tonne, up RMB 90 per tonne. The prebaked anode spot price in Northwest China increased by RMB 90 per tonne to stand at...
