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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On Monday, August 31, the US dollar hit a more than two-year low and a fourth straight month of losses in the wake of the US Federal Reserve’s policy shift on inflation. It was down by 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since the summer of 2017. However, on Wednesday, September 2, the US dollar bounced off two-year lows as US data pointed to a firm manufacturing activity. Three-month LME aluminium on Tuesday, September 1, rose by 1.14 per cent to end at US$1,818.5 per tonne, while on Thursday, September 3, it slipped 0.81% to end at US$1,776 per tonne, with open interest decreasing 2,033 lots to 777,000 lots. LME aluminium cash (bid) price and LME official settlement price displayed a bullish trend throughout this...
Vitex Extrusion has expanded its aluminium extrusion manufacturing business with the long-term lease of a 50,000-square-foot facility. The new plant, adjacent to its existing 115,000-square-foot manufacturing facility, will focus on machining, fabrication and assembly of aluminium extrusions. “Over the last few years we’ve made a number of strategic investments in new equipment and technologies to meet the downstream manufacturing needs of our customers. As a result, our existing building could no longer accommodate the “value-added” business growth,” said Andrew Curland, Vitex Extrusion President and CEO. “We’re fortunate this nearby facility became available, allowing us to move our machining and fabrication business into a manufacturing space that will accommodate continued growth.”...
National Aluminium Company Limited (NALCO) has announced its June quarter results. The company reported net profit of INR 16.63 crore in Q1FY21, a decline of 82.99% from INR 97.78 crore in Q1FY20. The net profit margin stood at 1.2%, down 3.49% YoY. Revenue of National Aluminium Company Limited stood at INR 1,380.63 crore in Q1FY21. That was down by 33.75% from INR2,084.08 crore last year. EBITDA came in at INR 129.07 crore in Q1FY21. This marked a decrease of 39.79% YoY. The company had recorded EBITDA of INR 214.36 crore last year. EBITDA margin came in at 9.35%, down 0.94% YoY. 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 registration, visit...
When the world is expecting a vaccine to combat the COVID-19 pandemic, Alumar continues to work towards ensuring of health and safety of its employees, suppliers and the community. With its resources or through its consortium members, Alcoa, South 32 and Rio Tinto, the Alumar Consortium has already allocated R $ 1.3 million in humanitarian aid to restrict the spread of the disease in the state. The emergency support started in March’20, with the donation to the Government of Maranhão for around R$ 500,000 for the purchase of respirators and N95 masks, destined for public hospitals. Together with the Alcoa Institute, Alumar coordinated the donation of R$ 200,000 in thermometers, masks, glasses and facial protectors to the University Hospital (HU-UFMA). In partnership with the Alcoa...
The European Commission has reportedly included bauxite in the list of Critical Raw Materials for 2020 and shared an action plan and a foresight study on it for strategic technologies and sectors from the 2030 and 2050 perspectives. The inclusion of bauxite in the European Commission’s Critical Raw Materials list signifies the role of the aluminium industry in supporting Europe’s transition to a green and digital economy. Thanks to its unique properties, aluminium has become the material of choice for clean technology producers in applications like renewable energy, batteries, electricity systems, resource-efficient packaging, energy-efficient buildings, and clean mobility. Study shows that despite the expeditious growth in recycling, there is a need for the production of primary...
India’s imports of aluminium scrap from the US came in at 12,800 tonnes in June 2020, with a month-on-month increase of 205.49%. India had imported 4,190 tonnes in May 2020. On a yearly, basis, imports dropped by 41.55% from 21,900 tonnes in June 2019, as updated by the US Census Bureau. India imported 123,000 tonnes of aluminium scrap in the first six months of 2020, from 129,000 tonnes imported in the first six months of 2019. That was a decrease of 4.65% or 6,000 year-on-year. India’s imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 12,900 tonnes in June 2020. Imports reduced by 41.36% year-on-year but increased by 202.82% month-on-month. In the first half of 2020, total imports came in at 124,000 tonnes, from 130,000 tonnes...
Norweld, specialising in aluminium ute tray and canopy installation for four-wheel-drives has opened its facility in Sydney, Australia. This company’s speciality leads the market in innovation. Jonathon Warren has been appointed as the branch manager for Norweld’s Sydney workshop and he will be overseeing the professional installations of aluminium ute trays and canopies. Norweld has a proud history of making its customer's dreams a reality. Through years of research and development at its head office in Cairns, they have endeavoured to develop the ultimate tray and canopy packages. All products are designed and manufactured by Australians, using the highest grade materials with cutting edge manufacturing techniques. Norweld partners with leading manufacturers and vehicle modification...
Engineering Export Promotion Council (EEPC) wrote a letter to the Commerce Minister, on Thursday, September 3, urging the continuation of the MEIS Scheme with no limit on claims for aluminium exports. The Council thinks this to be the best way to retain competitiveness in the market and survive the current crisis. The letter was sent in wake of DGFT Notification, dated September 1, imposing a limit of INR 2 crore per IEC on total reward claims under MEIS for exports between September-December 2020. According to EEPC, this move would be a big setback for Indian aluminium exports, resulting in a struggle to remain globally competitive amidst the high incidences of unrebated taxes and duties, depressed demand for the metal, and crashed LME aluminium prices. The MEIS scheme has been there...
According to a recent report, Hindalco Industries Limited has taken a few significant steps to ward off incidents like industrial by-product bauxite residue spillage from the storage area that took place at Hindalco’s Muri alumina refinery in April 2019. The company has ensured the safety and well-being of the land, water, and people by undertaking a massive task of assessing the overall impact of the incident. Hindalco also put back the spilled residue within the boundary of the storage area by using hundreds of earth-moving machinery, and all this they completed before the onset of monsoon. The firm also ensured to complete the routing of collecting storm water to the river bypassing the Bauxite Residue Storage area and treatment of the soil in the land area where spillage had occurred....
According to the latest Reuters update, the premium for aluminium shipments to Japanese buyers has been set at $88 per tonne for October-December. The premium is higher by 11 per cent from this quarter, reported sources involved in market pricing. The premium stood higher as industrial demand recovers from the COVID-19 pandemic. During July-September quarter, the premiums for aluminium shipments were $79 per tonne. This marks a first quarterly increase in five. According to the sources, producers had originally sought premiums of $95-$98 per tonne. Japan is the biggest importer of aluminium in Asia and the premiums it agrees to pay for primary aluminium shipments for each quarter over the cash price settled at the London Metal Exchange (LME) set the benchmark for the region. Note to...
Weller, innovator of functional, wellness-focused beverages, has launched its first non-CBD product, Sparkling Immunity. This innovation was motivated by increased consumer interest in immune-boosting products due to the COVID-19 pandemic. Sparkling Immunity will be available for $2.99 per 12 fl oz can. It comes in three flavours: Elderberry + Peach, Elderberry + Lemon-Lime, and Elderberry + Strawberry. The new line will be available in stores across 25 states and on the Weller website at the end of September. "The most valuable learning for us came from the utmost disruptive period of the pandemic, from March to May," said John Simmons, co-founder of Weller. "For that 12-week period, we were the #1 CBD Food and Beverage brand* and the 2nd fastest growing brand out of the top 20 CBD...
Algeria's economy is dominated by its export trade in petroleum and natural gas, commodities that, despite fluctuations in world prices, annually contribute roughly one-third of the country's gross domestic product (GDP). The North African nation’s aluminium foil importation during 2017-19 has revealed an enterprising market, as the import volume stood at 25,625 tonnes with occurring expenditures standing at $105.74. The evaluated import volume for 2020 has been marked at 12,048 tonnes and expenditures to remain at $41.94 million. However, when the import volume and expenditures of 2020 get summed with the preceding three years, it reflects 37,673 tonnes and $147.68 million respectively. Algeria’s import of Aluminium foil in 2017 stood at 4571 tonnes and foreign revenue expenditure...
United Company Rusal Plc (Rusal)’s new plant, to be commissioned in 2022 on 400 km east of Krasnoyarsk in Taishet in Russia, will reportedly have SCHADE technology. The Russian aluminium producer had first placed its order with SCHADE Lagertechnik GmbH at the end of 2019, for a wagon tippler and two Semi-Portal Reclaimers. This contract is an important milestone for SCHADE in terms of its growth in the metallurgy sector, which is rapidly emerging as one of the core focus industries. The Rusal Group has operations across five continents, with almost 60,000 employees. Its new plant in Taishet will supposedly produce anodes for aluminium manufacture using unprocessed petroleum coke, also referred to as green coke, a refinery by-product which is otherwise normally discarded. Rusal has chosen...
The CANPACK Group has announced the appointment of John O’Maoileoin to the newly created position of Group Sustainability Director. This new appointment affirms the importance the company places on sustainability, social and environmental issues and the pivotal role these issue play in the way CANPACK does business. John said, “I am delighted to have joined CANPACK where it’s clear that sustainability is a core part of the business’s operation and corporate culture. It’s exciting to be joining a company that covers the entire lifecycle of packaging from raw materials, manufacturing processes and supply chain, through to recycling and reusing products in order create a circular economy.” John will focus on helping CANPACK further improve its sustainability practices and reputation among...
Three-month LME aluminium slipped 0.81% to end at US$1,776 per tonne on Thursday, with open interest decreasing 2,033 lots to 777,000 lots. It is likely to fluctuate between US$1,750-1,820 per tonne today. As of Thursday September 3, LME aluminium cash (bid) price stands at US$ 1743.50 per tonne, LME official settlement price stands at US$ 1743.50per tonne; 3-months bid price stands at US$ 1779 per tonne, 3-months offer price is US$ 1779 per tonne; Dec 21 bid price stands at US$ 1855per tonne, and Dec 21 offer price stands at US$ 1855per tonne. The LME aluminium opening stock stood at 1541800 tonnes. Live Warrants totalled 1319000 tonnes, and Cancelled Warrants were 222800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1785.33per tonne. SHFE Aluminium Price Trend...
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a plunge of RMB 70 per tonne to stand at RMB 14,470 per tonne, as of Friday, September 4, following a build-up of 6,000 tonnes in primary aluminium inventories on Thursday, September 3. The average aluminium ingot prices today are expected to range between RMB 14,450 per tonne and RMB 14,490 per tonne, with spot contract to be traded at a premium price of RMB 40-80 per tonne, up by RMB 40 per tonne from the previous day. Tianjin has seen the highest decline in A00 aluminium ingot price of RMB 100 per tonne to RMB 14,480 per tonne, followed by a decrease of RMB 70 per tonne to RMB 14,530 per tonne in Foshan. In Wuxi and Hangzhou, A00 aluminium ingot price has plummeted by RMB 50 per tonne to RMB 14,500 per...
The US wing of Australia’s global ship-building firm Austal to deliver USNS Newport, the 12 th Spearhead-class Expeditionary Fast Transport (EPF) ship and it brings up the total delivered number to 24 in ten years, including three in the current year to the US Navy by Austal USA. David Singleton, CEO, Austal said: “The delivery of EPF 12 by Austal USA further strengthens the status of its Mobile, Alabama shipyard as an industry-leading facility.” He also said: “Austal USA has now delivered 24 ships to the US Navy, in just over ten years, including three in this year alone. This is a remarkable achievement and testament to the productivity and efficiency of the shipyard, which is now expanding to enable the shipbuilding and support of steel vessels.” “The ongoing, successful delivery of...
Aluminum Rheinfelden Group Managing Director Erika Zender has appointed Johann-Christian Leye as Managing Director of the Rheinfelden Alloys production division. There was a change in management at the Aluminum Rheinfelden Group and as part of the restructuring and reorganization of the group this new decision has come into force. This was made public by the company on 3 rd September’20. Holding a doctorate in chemistry, 40 years old Johann-Christian Leye ten years ago with family moved from Clausthal-Zellerfeld in Lower Saxony to Rheinfelden. He initially worked at Aluminum Rheinfelden as head of development in the carbon production area, where he then took over management in May’20. In the Alloys production area, around 30,000 tonnes of tailor-made aluminium alloys are produced...
