Indian appliance makers are raising prices ahead of the festive season as higher metal, crude-derived and freight costs put pressure on manufacturing expenses. Prices of air conditioners, LED televisions, washing machines and other home appliances in India are set to increase by 5 per cent to 8 per cent from October 1, as manufacturers pass on rising input costs to consumers ahead of the festive season. The increase marks the industry’s third round of price hikes in 2026. Manufacturers have cited higher prices for copper, aluminium, steel and crude oil derivatives, along with increased freight costs and currency volatility linked to the ongoing West Asia crisis. Several companies, including Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics, have announced or confirmed...
Aluminium prices gained 0.43 per cent as reduced Gulf production and low exchange inventories supported the market, while Chinese output and capacity restarts could limit further gains. Aluminium prices settled 0.43 per cent higher at INR 348.65 (USD 3.63) as tight physical supply conditions supported the market. Disruptions linked to the US-Iran tensions have affected aluminium availability from the Gulf region, with Gulf Cooperation Council (GCC) production falling 44 per cent year-on-year in July. Low exchange inventories have added to supply concerns. London Metal Exchange (LME) stocks remained near a 36-year low, while inventories on the Shanghai Futures Exchange (SHFE) declined 4.7 per cent from the previous week. However, expectations of improving supply have limited the market’s...
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The Aluminium Stewardship Initiative (ASI) has certified Yinbang Clad Material Co., Ltd for its production plant in Wuxi, China, with the ASI Performance Standard V2 (2017). The factory produces over 270,000 tonnes of aluminium alloy composite materials annually. In 2022 the company had joined ASI as the new as its new production and transformation member. "We are pleased to pass the ASI Performance Standard certification, which is a recognition and affirmation of our company's commitment to independent innovation and sustainable development. We will continue to work closely with customers and suppliers to continuously promote and optimize the sustainable development of the aluminium industry chain. Our company will focus on green, low-carbon and digital management in the future, creating...
On August 4, 2023, the Indian multinational mining and metal company Vedanta Ltd. announced through an exchange filing that it appointed John Slaven as the Chief Executive Officer for its Aluminium Business. Vedanta stated that the Board of Directors approved the appointment during a meeting held earlier in the day. Slaven has been appointed to the position of Senior Management Personnel (SMP) effective October 03, 2023, for a term of 3.5 years. John is an esteemed global leader with extensive experience in the metals and mining industry, holding key executive positions at renowned companies such as Alcoa, the Pittsburgh-based industrial corporation, BHP Billiton, a major Australian mining and metals corporation, and Boston Consulting Group (BCG). He earned his bachelor's degree in...
AnkerMake, a 3D printing brand by Anker Innovations, announced the release of the AnkerMake M5C 3D printer. The company claims that this printer is designed for easy customization of functions with a single click via the AnkerMake app. The aluminium alloy base of the printer gives it extreme stability while producing complex materials. Users can easily perform tasks such as printing, re-printing, levelling, homing, pausing, or stopping the printer with a single click. According to Frank Zhu, General Manager of AnkerMake, the company is dedicated to providing artists, inventors, hobbyists, and DIY enthusiasts with a seamless tool to bring their ideas to life. The AnkerMake M5C is user-friendly, offers exceptional print speed, and produces high-quality prints accessible to all levels of...
Through a Reddit post, it came to our attention that a fanboy has uploaded pictures of a direct replica of Tony Stark's armour shown in Robert Downey Jr.'s second solo movie from the Marvel Cinematic Universe (MCU). This Iron Man 2 cosplay looks exactly out of the movie set and has been designed with aluminium. Cosplay is a pretty serious affair worldwide, particularly for comic book enthusiasts, gamers and ‘nerds’. Though Iron Man 2 is considered to be the worst depiction in the otherwise blockbuster franchise, it was the first time when Tony Stark formally upgraded the flight suit to resemble its present glory. Ironcostumes shared on Reddit the pictures of this innovative creation and it has sparked a lot of vigour in the Marvel Fandom. The costume is completely hand-made and the...
In May 2023, the United States exported 72,300 tonnes of aluminium plates, sheets and bars compared to 66,500 tonnes in April 2023 and 40,700 tonnes in May 2022, found the US Census Bureau data. That reflected a month-on-month rise of 5,800 tonnes or 8.72 per cent and a year-on-year hike of 31,600 tonnes or 77.64 per cent. The increase in monthly exports of the United States aluminium flat rolled products had been continuing since late Q1, but May saw the highest growth of all the months earlier. While exports grew by 2,100 tonnes in April, they rose by 3,400 tonnes in May. In the first five months of 2023, the United States exported 327,000 tonnes of aluminium plates, sheets and bars – 77.72 per cent higher than 184,000 tonnes during the same period last year. The United States exports...
Washington-based NE&C (North East and Cumbria) Windows & Doors has completed the acquisition of a husband and wife-run double glazing enterprise with a £6m annual turnover, first initiated in 2003. NE&C is an ardent creator of UPVC and aluminium doors, windows and conservatories. The former owners, Ed and Heather Ramshaw, agreed to sell their 20 years old company so that it could explore brighter opportunities in the leadership of a new set of young and prospective team members. The amount of the entire congregation was not revealed. The 50 active NE&C Windows and Doors workers usually report at the company’s 16,500 sq ft unit in the Glover Industrial Estate. The firm has all the required amenities to design and produce a variety of UPVC or aluminium windows, doors and conservatories...
A major OEM's supplier has contracted BorgWarner, a provider of thermal and energy management solutions for automobiles, to supply high voltage coolant heaters (HVCH) for three electric vehicle (EV) platforms. The 800V HVCH developed by BorgWarner features a compact and lightweight design, enabled by its thick-film heating and brazed aluminium fin technologies. The solution meets the customer's demands for smaller and lighter dimensions. Moreover, the heater provides efficient heat transfer in the 800V architecture required for fast charging. Thanks to low thermal mass and high efficiency, the 800V HVCH offers quick heating response times and a highly flexible power and coolant connector concept. These heaters will be incorporated into the supplier's heating and cooling modules,...
Rio Tinto announced its operational and financial results for the first half of 2023 ended June 30, revealing the bauxite and alumina production standing at 25.6 million tonnes and 3.7 million tonnes, respectively. On a year-on-year basis, Rio’s bauxite output edged an 8 per cent downfall as Weipa operations were affected by higher-than-average rainfall during the wet season, resulting in reduced pit access and longer haul distances. Production was further impacted by equipment downtime at both Weipa and Gove. The company’s alumina production, on the other hand, was relatively less affected as there was an ongoing improvement in operational stability at Yarwun and Vaudreuil refineries; however, offset by unplanned plant downtime at Queensland Alumina Limited (QAL). By the end of 2023, Rio...
China's already vast high-speed rail network considered the world's most extensive, is set to undergo further expansion. In the upcoming months, an extensive expansion of the country's electrified rail transport is set to be completed. This expansion will introduce several new rail lines, including a 277km (172-mile) connection between Fuzhou and Xiamen, a 203km route connecting Guangzhou and Shantou, and a 278 km link linking Shanghai and Nanjing, as reported in South China Morning Post. However, this needs to be noted that upon commencement, the new lines will extend for a distance exceeding half the length of Germany's high-speed railway network. Each line will accommodate trains with a maximum operating speed of 350km/h (217mph). China's CRH factory in Qingdao plays a significant role...
It is rumoured that Apple iPhone 15 will be accompanied by the much-awaited Apple Watch Series 9 when it hits the stores in September this year. A new Apple Watch colour option would also be available for only the aluminium variant of the Series 9 model. It is not at all surprising to see the colour Pink being hyped after the major success of the movie- Barbie. But for Apple enthusiasts, this is great news as the new release would be compatible with the Midnight, Starlight, Silver, and Product (Red) offered with the Apple Watch Series 8. ShrimpApplePro's Twitter account gives a wholesome analogy of this latest update by Apple, wherein the brand confirms that the new Pink colour would only be limited to the aluminium watch variants. Besides this significant addition, the Apple Watch Series...
A London-based independent provider of market intelligence reported that China's recent implementation of export controls on gallium and germanium had triggered conversations concerning the potential necessity to boost the production of these metals within Europe. However, the feasibility of such expansion remains to be determined, as it heavily depends on establishing a viable business case. Gallium is obtained as a by-product during bauxite ore processing to produce aluminium. Similarly, germanium is a by-product of the zinc refining process. Additionally, a portion of the global germanium supply is sourced from fly ash in coal deposits. Following China's announcement of export controls , European aluminium and zinc refineries have been approached to explore the feasibility of...
LME aluminium opened at US$2,213 per tonne on Thursday, August 3, with high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, up by US$22 per tonne or 1.02 per cent. The LME aluminium price chart shows a continued downfall in closing prices, with LME aluminium cash bid price and LME aluminium official settlement price losing US$29.50 per tonne to settle at US$2,146.50 per tonne and US$2,147 per tonne, respectively, as of Thursday, August 3. However, despite the back-to-back downfalls, the LME aluminium benchmark price stood month-on-month higher by 1.90 per cent than US$2,107 per tonne. 3-month bid price contracted by US$33 per tonne to US$2,193 per tonne, and 3-month offer price plunged by US$32 per tonne to US$2,195 per tonne....
The Shanghai Metal Market, today, on August 4, has marked a jump of RMB 6 per tonne in China’s alumina spot price, with it officially halting at RMB 2,893 per tonne, while in Shandong and Shanxi, the alumina spot prices have seen a spike of RMB 10 per tonne, closing at RMB 2,855 per tonne and RMB 2,910 per tonne, respectively. Also, in Henan, the alumina spot price has increased by RMB 5 per tonne to stop at RMB 2,915 per tonne. The Australian Alumina FOB price has seen a rise of RMB 28.57 per tonne to clock at RMB 2,421.07 per tonne. According to the SMM market price chart, China’s aluminium ingot price has augmented by RMB 80 per tonne to rest at RMB 18,530 per tonne, with the average prices ranging between RMB 18,510 per tonne and RMB 18,550 per tonne. The eight major provinces in...
GZ Industries Limited has received ASI Performance Standard V2 (2017) Certification for its facilities in Aba and Agbara, Nigeria, and Wadeville, South Africa, for manufacturing aluminium beverage cans for the food and beverage market. The company's three factories have a combined yearly manufacturing capacity of more than 3 billion cans and can produce a variety of sizes and forms. The Aba and Agbara facilities are Nigeria's first ASI Certifications. CETIZION Verifica conducted an impartial, third-party GZ Industries Limited business audit. The audit occurred before May 31, 2023, allowing for Performance Standard V2 certification. James Judson, Group CEO at GZ Industries Ltd, said, "GZ Industries Ltd seeks to become Sub-Saharan Africa's leading supplier of aluminium beverage cans. A...
Bagaria Aluminium Alloys Private Limited (BAAPL Ltd.) was founded in 2007 and presently processing 1100+ metric tonnes of secondary aluminium per month at its facility in Ranihati Amta Road, Howrah. AL CircleBiz is happy to announce the inclusion of this great secondary aluminium maker in the online world of the B2B aluminium trade. They have a vast arena of aluminium alloys to choose from, namely, LM6, LM25, AC4B and ADC12. BAAPL Ltd . has its headquarters at 8 Camac Street, Shantiniketan building, Kolkata. However, its production unit in Howrah spans over 4 acres of land with an adjoining warehouse and production space of almost 1.5 lakh square feet. The company has installed high-end equipment and declares having a premium testing laboratory in-house. BAAPL Ltd. is optimistic about its...
Australian Pharmaceutical Industries (API), the parent company of popular brands such as Priceline, Soul Pattinson and Pharmacist Advice, has established a brand new 32,506 sqm distribution centre in Marsden Park, Sydney. After vivid scrutiny, KOMBI aluminium stairs and walkways were chosen by the organisation for smooth manoeuvre within the distribution centre. KNAPP Australia was entrusted with the task of designing, building and installing a large, automated racking and conveyor system for this project. This state-of-the-art facility has extensive conveyor systems that require regular maintenance and free movement for operators. However, given the challenging, complex layout and design of the conveyor systems, it was crucial to find a solution that could work around the existing...
ALUCOBOND, a trademark of Swiss-based 3A Composites, a worldwide pioneer and maker of Aluminium Composite Materials (ACM), has introduced various colours and textures called Colorscapes, Concrete, and Grove. With the addition of these three series, the company now has a variety of over 40 hues. The new portfolio is intended for high-end commercial and residential properties, airports, retail malls, and institutions. Through its sales network, the firm targets architects, developers, and fabricators in key Indian markets. “Our flagship brand ALUCOBOND has always been the preferred choice of architects when it comes to installing Aluminium Composite Panel (ACP). To enable the architects to unleash their best creativity for modern and stylized buildings with safe fire-retardant materials, we...
The 'Gulf Aluminum Dinner', organized by the Gulf Aluminium Council, is scheduled for November 1st, 2023, in Le Royal Meridien Beach Resort Dubai, UAE. This yearly event offers a unique platform to delve deeper into the evolving trends of the aluminium industry in the Gulf region, with a particular emphasis on crucial strategic aspects like environmental sustainability, innovation, and the growth of the local aluminium supply chain. Participants will have the opportunity to explore and discuss these significant issues in detail during the event. The event has evolved into an unmissable gathering for global players in the aluminium sector. It unites influential figures from the industry and organizations with business interests, providing them with a distinctive platform to analyze the...
