ClearFlow Metalworks plans to invest $28 million in a new aluminum manufacturing facility in Russellville, Kentucky, marking an expansion of secondary aluminum production in the United States. The project is expected to create 50 full-time jobs, with its first phase designed to deliver an estimated annual production capacity of approximately 100,000 tons. The company, which focuses on sustainable aluminum recycling and production, will develop the facility in phases. Phase I will feature a secondary aluminum billet casting operation, processing recycled aluminum materials into billets for extrusion and other downstream manufacturing applications. The project will establish ClearFlow's manufacturing presence in the U.S. and support domestic demand for aluminum products while expanding...
Shareholders of Slovenia's Impol 2000 are set to consider a proposal to bring the company's shares onto a regulated market, potentially opening up trading opportunities while introducing tighter corporate disclosure requirements. The proposal will be discussed at a shareholders' meeting scheduled for December 3. Impol 2000, which owns Impol Group, the country's largest producer of aluminium semi-finished products, says the move is intended to improve the ease and speed of share transactions. However, entering the regulated market would also require the company to meet additional transparency standards and comply with rules governing related-party transactions. As of October 29, Impol 2000 had 1,066,767 ordinary, freely transferable, registered no-par value shares. Of these, 979,887...
Grow with
AL Circle
The moment Tiwai Point aluminium smelter shutdown news got publicized, ideas cropped up from manufacturing of Solar Panels to attracting Elon Musk to erect a massive Tesla battery Gigafactory. On 9 th July’20, Rio Tinto announced its planning for the eventual closure of New Zealand Aluminium Smelters following a strategic review. The expected date for the closure is 2021 and it would direct loss of 1000 jobs and another 1600 jobs indirectly connected to the smelter. Dr Anna Berka, Lecturer in management, entrepreneurship and innovation at Massey University said: “New Zealand had years to plan for the closure but the Government still seemed to have been caught out, and there did not seem to be a transition plan in place for employees.” ”It’s the dependency, and the leverage, therefore,...
Stocks on Wall Street were mostly higher on Friday, while the dollar slipped on Friday, July 10, as market sentiment was supported hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the US and around the world. The US currency posted its largest weekly percentage loss against a basket of major currencies in a month. The three-month LME aluminium rose 2.43 per cent to end at US$ 1,689 per tonne on Friday, July 10, recovering from Thursday’s loss and posting a weekly gain of 4.78 per cent. Last week’s percentage increase was the biggest in more than two years and marked the fourth straight week of gain. Today, it is likely to move between US$1,670-1,710 per tonne. As of Friday, July 10, LME aluminium cash (bid) price and LME...
Hindalco Industries Limited has further expanded the price hike of its aluminium ingot and aluminium product for the third consecutive day, with effect from Friday, July 10. With the latest hike, Hindalco’s aluminium ingot price is now standing at INR 143,500 per tonne, up by INR 3,250 per tonne or 2.32 per cent from INR 140,250 per tonne on July 9. Hindalco’s aluminium wire rod price is at INR 154,600 per tonne, registering a rise of 2.15 per cent or INR 3,250 per tonne from INR 151,350 per tonne on the previous day. The price of the company’s aluminium billets is hovering at INR 150,600 per tonne, also up by INR 3.250 per tonne or 2.2 per cent from INR 147,350 per tonne. Like any other major Indian aluminium producers, Hindalco links its aluminium prices to the three-month futures of...
Bristol-headquartered high regarded adhesive-coated products manufacturer, Drytac has designed 100% recyclable aluminium Polar Street FX for safe, durable outdoor floor graphics applications without lamination. This latest addition to Drytac’s already extensive portfolio is in response to high demand for floor graphics that are quick to produce, easy to apply, and safe for every environment for use as a tool to mark social distancing in public places "There is a huge market for floor graphics, and we expect that to continue for some months," said Shaun Holdom, Global Product Manager, Drytac. "It's essential for any print businesses offering this application to provide graphics that are safe and durable, however urgent the timeframe." Drytac Polar Street FX is produced in a way that it can...
National Aluminium Company (NALCO) has increased its aluminium ingot price sharply by INR 5,400 per tonne or 3.9 per cent with effect from Friday, July 10, following the cut on Wednesday, July 8, to INR 138,050-141,550 per tonne. Hence, the company’s aluminium ingot price is now hovering at INR 143,450-146,950 per tonne. The prices of aluminium billets and aluminium wire rods have also been raised on July 10. Nalco’s aluminium billets price is now ranging between INR 146,900-149550 per tonne, up by INR 5,150-5400 per tonne or nearly 3.7 per cent from INR 141,750-144,150 per tonne, as of July 8. Nalco’s aluminium wire rods price, on the other hand, is now at INR 146950 – 151300 per tonne, also up by INR 5,400 per tonne or 3.8 per cent from INR 141,550-145,900 per tonne. Indian aluminium...
The Vedanta’s Jharsuguda plant has boosted preventive measures to safeguard its employees, families and business partners against the deadly COVID-19. The company is working in close coordination with the Jharsuguda District Administration to ensure business continuity with limited manpower and resources. CN Singh, CEO, Vedanta Ltd., Jharsuguda says, “The health and safety of our employees, families, business partners and communities are of utmost import to us. We are in strict adherence to all guidelines and protocols of the land, and will continue to use our experiences and learning from the pandemic to safeguard our people to the best of our abilities.” The company has tied up with the Kalinga Institute of Industrial Technology (KIIT), Bhubaneswar, for COVID-19 testing. All travel from...
India and the US are expected hold a meeting on 14 th July’20 to strengthen bilateral trade, with commerce and industry minister Piyush Goyal and US commerce secretary Wilbur Ross arranged to join in for discussions through a video conference, as per our sources. The limited trade deal between the two nations has been in the works for a few months now, as per our reports earlier, is dubious at this moment as both the states are fighting against COVID-19 epidemic. The bilateral trade discussion is coming up at a very vital time when India is solidifying a thorough strategy to target non-essential and sub-standards imports, explicitly from China. The India-US CEOs Forum is also expected to hold a meet on 14 th July’20 to further boost their engagement. There has been no official...
A new variant of Samsung Galaxy Watch Active 2 will now be available in India from July 11, as the South Korean tech giant has reportedly unveiled the aluminium edition of the smartwatch in the South Asian country. At the launch, Samsung said this is the company’s first smartwatch to be made in India. With this new range of product, Samsung boasts for having the largest and the most diverse 4G watch portfolio in India. The aluminium edition of the Galaxy Watch Active 2 is available in 9 distinct colour finishes, 3 sizes (42mm, 44mm, and 46mm), and two unique design templates - elegant classic of the Watch 4G and modern minimalistic of the Watch Active2. Among the wide range of Samsung’s 4G watch portfolio, Galaxy Watch Active2 Aluminium edition is meant to complement the needs of ‘on the...
Vedanta hikes its aluminium products price for the third time in a row. With effect from Friday 10 July 2020, the prices of some aluminium ingots are in the range of INR 142,250-155,250 per tonne, an increase of 2.34% or INR 3,250 per tonne from INR 139,000-152,000 per tonne on July 9. With the latest hike, Vedanta’ billet now stands at INR 150,250 per tonne on July 10, a rise of INR 3,250 per tonne or 2.21% from INR 147,000 per tonne on July 9. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium have been declining due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its aluminium Cost of Production (CoP) in the fourth quarter of FY20 by...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower over the week. Inventories decreased 7,000 tonnes from last Thursday July 2 to 712,000 tonnes as of Thursday July 9. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Shanghai decreased by 17,000 tonnes and 2,000 tonnes from Thursday to stand at 216,000 tonnes and 109,000 tonnes. Inventories in Hangzhou stood at 100,000 tonnes, down 1,000 tonnes. Stocks in Nanhai and Gongyi stood at 171,000 tonnes and 47,000 tonnes, an increase of 11,000 tonnes and 2,000 tonnes from last Thursday. Primary aluminium stocks in Linyi dropped by...
British Car manufacturer Lotus is to bring its steel fabrication and lightweight structures facilities together under one roof in Norfolk in a drive that will create 125 jobs. Headquartered in Hethel, the company will invest in its Hurricane Way factory in Norwich to create a new high-tech sub-assembly facility. It will make the aluminium extruded and bonded aluminium chassis for the Evora, Exige and Elise Lotus sports cars, along with manufacturing of aluminium components for other global car companies. The automaker has planned for 50 jobs initially, with a further 75 is also included in the plan. David Hewitt, Executive Director of Operations at Lotus Cars, said: "By bringing the aluminium chassis and steel sub-assembly manufacturing businesses together into one facility, we can...
The automobile industry is stumbling under tremendous sales down-fall seeks Government to set forth vehicle scrappage policy to boost the sector. In a letter sent to the Prime Minister’s office, the industrialists stated: “The policy will not only help owners to get an incentive for old polluting vehicles with low value but will also boost the automobile sector which is facing a crisis due to the ongoing coronavirus pandemic.” Upkar Singh Ahuja, President and Pankaj Ahuja, General Secretary of Chamber of Industrial and Commercial Undertaking (CICU) said: “The announcement of the policy is hanging fire for a long time and if introduced, it would bring some relief to the automobile sector which is reeling under slowdown.” CICU organising secretary, JS Bhogal said, “The vehicle scrappage...
The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. Indonesia is a member of G20 and classified as a newly industrialised country. The aluminium scrap import of the island nation during 2019 was recorded with 159,742 tonnes and the foreign revenue expended on the import remained at $177.80 million. Indonesia’s aluminium scrap import market has been projected with growth by 17.12% Y-o-Y, as the import volume is expected to reach at 187,105 tonnes, surplus by 27,363 tonnes. The expenditure on the import volume would be outstretched to $205.45 million, rise by 15.55%. When the projected import volume and expenditure of 2020 is added with the previous year’s figures it stands at 346,847 tonnes and $383.25 million respectively....
Hydro, along with a team of renowned structural engineers, business experts, and researchers, is evaluating the feasibility and cost-efficiency of replacing conventional steel with aluminium for the construction of long-suspension bridge girders. According to Hydro Extruded Solutions Market Manager Thomas B. Svendsen, the use of aluminium can be a game-changer for bridge-building. For the proposed Langenuen bridge project in Norway, Hydro is focusing on exploring where the use of aluminium for all the relevant design criteria for bridge girders would be feasible or not. The company’s dream is to make the longest aluminium bridge in the world. Thomas B. Svendsen said, “The study is very encouraging and could potentially be a game-changer for bridge building and the use of aluminium in new...
According to Shanghai Metals Market data, China’s alumina production stood at 5.71 million tonnes in June, including 5.5 million tonnes of metallurgical-grade alumina. The daily output came in at 183,000 tonnes, 1.82 per cent higher from a month ago but down by 4.57 per cent on the year. Accumulated production of metallurgical-grade alumina during the first half of the year (January-June) totalled 32.64 million tonnes, 7.6 per cent lower from the same period last year. The moderate rise in alumina prices led refineries in north China to lift their capacity in operation month-on-month in June, countervailing the production cut at some of the refineries. As of early July, the operating capacity of metallurgical-grade alumina stood at 66.9 million tonnes per year. SMM expects the output of...
Hydro announced that Alunorte and the Federal University of Pará (UFPA) signed an agreement in June for research on the feasibility of producing low-carbon cement from bauxite residue. The project is part of an agreement between Hydro and UFPA signed in 2019 to develop cement from a mixture of bauxite residue and other raw materials abundant in the Pará region in Brazil. “The company seeks to use part of this residue to generate new products by 2030, using approximately 500,000 tonnes of bauxite residue per year.Through this project, Hydro aims to develop sustainable technological solutions for local cement producers in order to reduce not only their production costs, but also their environmental impact, by reducing greenhouse gas emissions and preserving natural resources,” Hydro said....
A00 aluminium ingot price has recorded a sharp jump by RMB 230 per tonne to stand at RMB 14,700 per tonne on Friday, July 10, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,680 per tonne and RMB 14,720 per tonne, with spot contract to be traded at a premium price of RMB 100-140 per tonne. This sharp growth in A00 aluminium ingot price could be attributed to the hike in primary aluminium demand among downstream producers and the continued fall in social inventories. As of July 9, the primary aluminium inventories stood at 712,000 tonnes after expanding the week-on-week fall to 7,000 tonnes from the decline of 3,000 tonnes a week ago. In Hangzhou, the A00 aluminium ingot price has soared by RMB 285 per tonne to RMB 14,815 per tonne, followed by...
Vedanta hikes its aluminium products price for the second time in a row. With effect from Thursday 9 July 2020, the prices of some aluminium ingots are in the range of INR 139,000-152,000 per tonne, an increase of 1.65% or INR 2,250 per tonne from INR 136,750-149,750 per tonne on July 8. With the latest hike, Vedanta’ billet now stands at INR 147,000 per tonne on July 9, a rise of INR 2,250 per tonne or 1.55% from INR 144,750 per tonne on July 8. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium have been declining due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its aluminium Cost of Production (CoP) in the fourth quarter of FY20 by...
