AlCircle News Edited By "Debanjali Sengupta"
Debanjali Sengupta is a passionate content writer with 10 years of experience in Business writing, Web Content writing, Blogging, Editing and Research. She is responsible for generating and editing content for AlCircle Newsletter and other online and offline content for enhancing the brand value and its visibility among global users.
Vetroplas produces 500ml refillable aluminium spray bottles for Neat
Vetroplas, in partnership with Envases, has produced 500ml refillable aluminium spray bottles for Neat multi-surface cleaning products. The bottles are coloured with white basecoat with one colour offset printing and an over-varnish. The aluminium bottles, formed with a 28/410 screw thread, also feature an eco-friendly polyester lining. Designed in plain white, the bottles’ lines are simple, clean, and subtle. Also, they have a moulded silicone base, which according to Vetrolas sales director Simon Dix allows enhances durability and a soft-touch landing on surfaces. Simon Dix said, “We are delighted to be associated with Neat. It’s another showcase for our aluminium bottles and the brand shares many of our own ethics in terms of producing attractive, functional and sustainable products.”...
Alba receives two prestigious awards at 2020 MEIRA Annual Conference and Awards Ceremony
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has received two prestigious awards – Leading Corporate for Investor Relations in Bahrain and Best Investor Relations Professional in Bahrain – at the 2020 Middle East Investor Relations Association (MEIRA) Annual Conference and Awards Ceremony. The ceremony was held virtually on September 22 & 23, 2020. The MEIRA Annual Conference and Awards is one of the largest Investor Relations (IR) events, which recognises the efforts of regionally listed companies and IR professionals for their critical role in shaping the IR landscape. It also recognises locally listed firms, international corporates, investors, research analysts, advisors, and Regulatory bodies to share best practices and discuss market challenges....
Ghana to emerge as an automotive production hub in West Africa for its developing aluminium sector: Fitch Solutions
Fitch Solutions predicts Ghana to emerge as an automotive production hub in West Africa in the years to come. The ratings agency report suggests that comprehensive policy by the Ghana Government could be a potential factor for the nation to dominate West African automobile space in the future. “We believe developments in Ghana’s metals sector (steel and aluminium in particular) raises the potential for the country’s nascent autos industry to move up the value chain,” said Fitch Solutions. In August 2020, President Akufo-Addo laid the foundation stone of aluminium casting factory and CNC machine tooling centre, a step towards creating opportunities for automotive component manufacturing in the country. Fitch Solutions added, “Aluminium products such as aluminium alloy wheels, transmission...
DURA Automotive to build a new lightweight, aluminium automobile structures manufacturing facility in Alabama
DURA Automotive Systems recently had a groundbreaking ceremony of its state-of-the-art lightweight automobile structures manufacturing facility in Muscle Shoals, Alabama, US. This is the latest addition to DURA’s 31 worldwide sites. The construction of the new facility is estimated to complete by April 2021. It will house advanced robotics, along with proprietary forming and joining technologies to create lightweight structures including those used for electric vehicle (EV) battery systems. This new site reportedly involves an investment of $75 million, and is projected to employ 279 full time workers at peak production. “This investment represents DURA’s commitment to support global customers in the transition to electrified, high performance vehicles.” said Kimberly Rodriguez, DURA...
Vedanta Limited sees a downfall of 23.5% in its quarterly profit ended on June 30
Vedanta Limited announced that it saw a downfall of 23.5 per cent in its quarterly profit ended on June 30, attributing to lower production and demand amid the world’s strictest lockdown due to the COVID-19 pandemic. Billionaire Anil Agarwal’s group’s net income slumped to INR 1,033 crore ($141 million) in the June quarter from INR 1,351 crore during the same period last year, said Vedanta in a statement late Saturday. Sales also plummeted by 25.9 per cent to INR 15,687 crore. Vedanta’s net debt at the end of June was INR 24,787 crore. Vedanta’s main businesses include zinc, aluminium, and oil and gas, all of which have been hit by narrow demand due to the COVID-19 crisis. At present, Agarwal’s London-based Vedanta Resources Limited is in the process of taking Mumbai-listed Vedanta...
Benchmark aluminium price on LME ended 0.64% lower at $1705/t on Friday; SHFE was closed for National Day holidays
Benchmark aluminium price on the London Metal Exchange stood lower by 0.64 per cent at US$ 1705 per tonne on Friday, October 2, from US$ 1716 per tonne on Thursday. As of Friday, both LME aluminium cash (bid) price and LME official settlement price declined for the third consecutive day from US$ 1716 per tonne to US$ 1705 per tonne. 3-months bid price and 3-months offer price stood at US$ 1740 per tonne, down by US$ 14 per tonne from US$ 1754 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1813 per tonne. The LME aluminium opening stock declined from 1450950 tonnes to 1444275 tonnes. Live Warrants stood at 1195825 tonnes, while Cancelled Warrants at 248450 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1731.11 per tonne, as of Friday, October 2. SHFE...
LME aluminium price trended down this week from $1737/t to $1705/t; SHFE rose to $2120/t before National Day holidays
Three-month LME aluminium settled 1.28 per cent firmer at US$ 1784.50 per tonne on Monday, but ended 0.34% lower at US$1,778.5 per tonne on the very next day. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, September 28, at US$ 1737 per tonne, increasing by US$ 28.50 per tonne from the previous day. Extending the hike on Tuesday, September 29, both the prices came in at US$ 1746 per tonne. On Wednesday, September 30, the prices declined to US$ 1737 per tonne, and further to US$ 1716 per tonne on Thursday, October 1. On Friday, October 2, both LME aluminium cash (bid) price and LME official settlement price continued to fall to stand at US$ 1705 per tonne. This shows the LME aluminium prices recorded downtrend over the week by US$ 32 per tonne....
Hindalco cuts its aluminium product prices by INR1250/t w.e.f. October 2 in line with dwindling LME prices
Hindalco Industries Limited has reduced the price of its aluminium ingots and aluminium products with effect from Friday, October 2, following a hike on Tuesday, September 29. Hindalco’s aluminium ingot price has come in at INR 145,750 per tonne, down by INR 1,250 per tonne from INR 147,000 per tonne on September 29. The company’s aluminium billets price is at INR 152,850 per tonne, as of October 2, lower by INR 1,250 per tonne or 1 per cent than INR 154,100 on September 29. The price of Hindalco’s aluminium wire rod is also down by INR 1,250 per tonne to INR 156,850 per tonne, as of October 2. Indian aluminium producers generally link their product prices to the three-month futures of aluminium on the London Metal Exchange. The three-month futures of aluminium during September 29-...
US aluminium prices are sliding anticipating tariff exemptions for UAE & Bahrain
Aluminium prices for US consumers, especially from the transport, construction, and packaging industries, are decreasing as the market is anticipating tariff exemptions for producers in the United Arab Emirates and Bahrain. This follows agreements by the two Arab states to establish ties between Israel, signed at a ceremony hosted by the US President Donald Trump at the White House in September. The United States aluminium prices are based on the physical premium AUPc1 and the benchmark price CMAL3 on the London Metal Exchange. The former is now at $263 per tonne from $335 mid-September, while the latter at $1,750 per tonne. Jorge Vasquez, founder of consultancy Harbor Aluminum, noted that the United Arab Emirates exported about 550,000 tonnes of value added primary aluminium to the...
US aluminium plates, sheets and bars imports grow 13% M-o-M in July 2020, but remain flat Y-o-Y
According to the latest Geological Survey data, the United States in July 2020 imported 84,300 tonnes of aluminium plates, sheets and bars, 9,800 tonnes or 13.15 per cent higher than 74,500 tonnes in June. In May, the United States aluminium semis imports were 68,500 tonnes, meaning the imports in June saw an increase of 8.76 per cent month-on-month. The imports in May also saw a hike of 41.53 per cent from 48,400 tonnes in April. This shows the United States imports of aluminium plates, sheets and bars have been trending up consistently since the past four months. The total aluminium semis imports by the United States in the entire seven months (January to July) of the year stood at 646,000 tonnes, up by 124,000 tonnes or 23.75 per cent from 522,000 tonnes during the same period last...
Canyon’s advanced metallurgical programme finds +90% available alumina in Minim Martap Bauxite Project
An advanced metallurgical programme conducted by Canyon Resources Limited on alumina samples from Minim Martap Bauxite Project in Cameroon shows consistent +90% available alumina. The outcomes of the testing confirm the presence of very high grade bauxite in the project and high rates of conversion from total alumina to available alumina at low-temperature digestion conditions. Around 61 samples were analysed by micro digestion for Total Available Alumina (TAA) and Reactive Silica (RSi) at low temperature, while 22 samples were analysed at high temperature by SGS Laboratories in Perth. Director of projects Dr James Durrant said: “The testing confirms that not only would an offtake company receive a very high alumina content in their bauxite, but that the extractable alumina portion is...
Chinalco Subsidiary in Guangxi caught for violating environmental regulations and polluting the surroundings
China’s Ministry of Ecology and Environment (MEE) has alleged the state-run Aluminium Corp of China (Chinalco) for repeatedly violating environmental regulations at a plant in Guangxi. A week earlier, a central government environmental inspection team found that affiliates of the Chinalco subsidiary Guangxi Nonferrous Rare Earth Development Co Ltd seriously violated environmental norms, resulting in polluting the surrounding area. The inspection team discovered the subsidiary was running outdated and illegal facilities for producing above and beyond the amount of nonferrous ore allowed by law. “The inspection found […] obvious problems of legal violations, chaotic environmental management and relatively large environmental risks at the Guangxi rare earth company,” the ministry said in a...
European Aluminium web workshop highlights the importance of investing in Aluminium Packaging, Sorting & Recycling
The European Aluminium web workshop on investing in better collection and sorting of used aluminium packaging for recycling stressed enough on the importance of the Circular Economy. Many speakers spoke about the need for more investment into the complete cycle of aluminium packaging, sorting and recycling for achieving better results. Also, a recent study by HTP1 performed for the Packaging Group European Aluminium demonstrated that investment in Circular Economy really pays off. Both Andy Doran, chairman of the Packaging Group, and Michael Langen of HTP, a leading German consultancy on waste management, pointed out that by using a second Eddy Current Separator2 for the aluminium fraction in a Material Recovery Facility (MRF) or sorting station for lightweight packaging, 30% more...
LME aluminium price plunged to $1737/t after three days of hike in a row; SHFE is closed for National Day Holiday
LME aluminium price decreased on Wednesday, September 30, to US$ 1737 per tonne after three consecutive days of hike US$ 1697 per tonne to US$ 1746 per tonne. As of Wednesday, September 30, both LME aluminium cash (bid) price and LME official settlement price again stood at US$ 1737 per tonne decreasing by US$ 9 per tonne from US$ 1746 per tonne on September 29. 3-months bid price and 3-months offer price came in at US$ 1770.50 per tonne, down by US$ 9.5 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered at US$ 1847 per tonne. The LME aluminium opening stock declined from 1466925 tonnes to 1458900 tonnes. Live Warrants stood at 1196850 tonnes, while Cancelled Warrants at 262050 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1768.01per...
US Aluminium Foil Trade Group files antidumping duty on five countries aiming to protect domestic industry
The Aluminum Association’s Foil Trade Enforcement Working Group has filed petitions for antidumping and countervailing duty on Armenia, Brazil, Oman, Russia, and Turkey on Wednesday, September 30, alleging aluminium foils imports from these countries into the US are causing material injury to the domestic industry. In April 2018, the US Department of Commerce had announced antidumping and countervailing duty orders on similar aluminium foil products from China. “We continue to see how persistent aluminum overcapacity driven by structural subsidies in China harms the entire sector,” said Tom Dobbins, president & CEO of the Aluminum Association. “While domestic aluminum foil producers were able to invest and expand following the initial targeted trade enforcement action against imports from...
Primary aluminium inventories fall by 61,000t as downstream sector increases purchase before Chinese National Holiday
Primary aluminium inventories in China have declined by 61,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to stand at 655,000 tonnes, as of Wednesday, September 30, according to the Shanghai Metals Market. This sharp fall could be attributed to the increase in purchases by the downstream sector before the week-long Chinese National Holiday starting from October 1, 2020. On last Thursday, September 24, China’s primary aluminium inventories stood at 716,000 tonnes, decreasing by 24,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have declined by 30,000 tonnes on September 30 to stand at 206,000 tonnes, while that in...
How consumers preference for aluminium cans evolving consumption and recycle pattern all over the world
The growth of aluminium cans in the global market seems to be becoming insurmountable owing to the factors like disposable income of people, changing lifestyle, and evolving consumer preferences. Continuous shifts from plastic bottles to aluminium cans have triggered the demand further. Initiatives taken by some of the leading companies, such as Coca-Cola and Pepsico in the US and Toast Ale and Svyatoy Istochnik in Europe, to switch to aluminium cans from plastic bottles have already done several roundups in the market this year. They are either replacing their existing products range or launching new ones in aluminium cans. Aluminium cans production and uses According to a report, the global aluminium cans market approximately generated US$39.41 billion in 2018, which by 2025 is...
Alumina production in North America grows by 3% M-o-M in August, while in South America shrinks by 2%
Alumina production in North America continued to grow in August 2020, according to the latest data revealed by the International Aluminium Institute. From 231,000 tonnes in July, alumina output in North America increased by 7,000 tonnes or 3.03 per cent to stand at 238,000 tonnes in August. The output in July grew by 8,000 tonnes or 3.6 per cent from 223,000 tonnes in June. In May, North America produced 210,000 tonnes of alumina, meaning June saw a rise of 13,000 tonnes or 6.19 per cent in the output. However, on a year-on-year basis, North America’s alumina output in August decreased by 8.11 per cent from 259,000 tonnes. In the first eight months, alumina production in North America totalled 1.79 million tonnes, down by 7.73 per cent year-on-year from 1.94 million tonnes. In South...
