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.
NexTech InfernoAR video conferencing platform chosen to host ICSOBA’s annual virtual event
According to a recent report, the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) has chosen NexTech AR Solutions’ InfernoAR video conferencing platform to host its 38th annual International Conference virtually in November. The deal is worth $40,000 to NexTech. The InternoAR platform can host large-scale events of up to 1 million people with virtual lobbies, live presentations and custom holographic product display. NexTech’s senior vice president of sales Pete Dunn said in a statement, “I'm honoured that the International Committee for Study of Bauxite, Alumina and Aluminium has chosen InfernoAR to host their 38th annual International Conference bringing together their global audience in an exciting new format.” Dunn also said that ICSOBA’s chairman put...
China’s secondary aluminium operating rates fell nearly 1% in June on lower domestic downstream demand
According to the Shanghai Metals Market data, China's average secondary aluminium operating rates in June fell 0.7 percentage point to 48 per cent month-on-month. In May, the operating rates were 48.69 per cent after growing by 1.6 percentage points from the previous month. Year-on-year, China’s June secondary aluminium operating rates registered a decline of 4.3 percentage points, lower than the yearly drop of 5 percentage points in May. Shanghai Metals Market suggests higher arrivals of aluminium alloy ingots from overseas to China in June attributed to the month-on-month downtick in the country's secondary aluminium operating rates. However, SMM expects the operating rates in July to remain stable. There was no significant change in secondary aluminium demand in China or overseas. Weak...
SLM Solutions and Honeywell jointly developing 3D printed aluminium alloy parameter sets for aerospace components
Germany-based metal additive manufacturing leader SLM Solutions, in collaboration with Honeywell, is developing 3D printed aluminium parts. Working with aluminium alloy F357, they are jointly producing parameter sets, which will deliver considerably improved material properties compared to parts manufactured through die-casting. The goal is to use these parameter sets to reduce manufacturing times and costs for the production of aerospace components with high layer thickness. In 2019, Honeywell first started exploring AM aluminium parts and parameters using an increased layer thickness of 60 and 90 µm on a quad-laser SLM 500 Selective Laser Melting Machine. SLM Solutions was the supplier of generic aluminium parameter sets to Honeywell then to complete material qualification. However,...
LME aluminium price closed slightly higher at $1621/t on lower opening stock; SHFE increased after four declines in a row
The US dollar fell on Monday against a basket of rivals, as risk appetite improved on a flurry of announcements about a potential COVID-19 vaccine and expectations of more stimulus from Europe and from the US. Three-month LME aluminium closed little changed at US$ 1,662.5 per tonne on Monday in choppy trading. It is likely to move at US$ 1,650-1,690 per tonne today. As of Monday, July 20, LME aluminium cash (bid) price and LME official settlement price rose from US$ 1618 per tonne to US$ 1621 per tonne. 3-months bid price and 3-months offer price stood at US$ 1658 per tonne after growing by US$ 3.5 per tonne from US$ 1654.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1750.50 per tonne from US$ 1747.50 per tonne on Friday, July 17. The LME...
One Plus upcoming smartphone series ‘Nord’ likely to feature aluminium chassis with a glass rear
One Plus Technology Co. Ltd. has reportedly confirmed on Instagram that its upcoming smartphone series Nord, which is expected to virtually launch on July 21, will come with Googles Messages and Phone apps installed instead of its own SMS and dialer. The series is expected to feature an aluminium chassis with a glass rear. It will be powered by a Snapdragon 765G chipset under the hood. The 7nm chipset is expected to be paired with 8GB of LPDDR4X RAM and 256GB storage. Having two selfie cameras, one 8MP wide-angle camera and a main 32MP selfie sensor and the second one being a 105-degree ultra-wide-angle, the phone will also come with Google's Duo video chat app pre-installed. The smartphone is also expected to feature a 6.4-inch AMOLED display with a 2400 x 1080 pixel resolution. Some of...
US aluminium scrap exports climb down 24% in April 2020, but exports to China trend higher by 7.7% M-o-M
According to the latest data released by the US Geological Survey for April, the United States, in the said month, exported 124,000 tonnes of aluminium scrap to various parts of the world. Month-on-month, the export declined by 39,000 tonnes or 24 per cent, following a hike in the previous month. In March, the United States exported 163,000 tonnes of aluminium scrap, up 14,000 tonnes or 8.59 per cent from 149,000 tonnes in February. In January, the export from the US was 146,000 tonnes, meaning February saw a marginal month-on-month growth of 3,000 tonnes in the US aluminium scrap exports. On a yearly basis as well, the US aluminium scrap exports decreased, albeit slower than month-on-month. The exports dropped by 7,000 tonnes or 4.12 per cent from 170,000 tonnes in April 2019. The total...
Primary aluminium inventories increase in China after over three months, stocks peg at 712,000t
After declining for more than the last three months, the social inventories of primary aluminium in China have recorded a rise across eight major consumption areas, including SHFE warrants, to stand at 712,000 tonnes, as of Monday, July 20, found the Shanghai Metals Market. Last week, on July 16, the inventories stood at 708,000 tonnes after declining by 4,000 tonnes from the previous day. This means the inventories over this weekend ending on July 20 have climbed up by 4,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Shanghai has seen the highest growth in primary aluminium inventories today of 6,000 tonnes to stand at 112,000 tonnes. In Wuxi and Nanhai, the inventories have increased by 3,000 tonnes and 2,000...
A00 aluminium ingot price grows by RMB110/t over the weekend after four straight declines; Aluminium alloy (A356) price up by RMB100/t
The A00 aluminium ingot price has recorded a hike of RMB 110 per tonne over the weekend ending July 20 to stand at RMB 14,480 per tonne, following four consecutive declines from RMB 15,320 per tonne to RMB 14,370 per tonne during July 13-17, according to the Shanghai Metals Market. The average prices are expected to range between RMB 14,460 per tonne and RMB 14,500 per tonne, with spot contract to be traded at a premium price of RMB 240-280 per tonne. The increase in primary aluminium ingot price today could be attributed to the brisk trading over the past few days owing to the lower trend of the price. With increase in spot price, the premiums have decreased today by RMB 20 per tonne. Linyi and Gongyi have seen the highest growth in primary aluminium price. The price in Linyi is hovering...
LME aluminium price displayed bearish trend last week ranging between $1664.50-1618/t; SHFE price also edged lower
The US dollar started the week lower on July 13, and then fell to its lowest in more than a month against a basket of rivals on Tuesday, July 14. On Wednesday, July 15, the dollar expanded its decline and stood at the lowest level in nearly five weeks. On Thursday, July 16, the currency, however rebounded as investors reacted to a mixed batch of economic data out of China and the US. The US dollar index, which measures the currency against a basket of rivals, gained 0.29 per cent to 96.250, after the four consecutive days of losses. Three-month LME aluminium jumped to a fresh four-month high of US$1,705 per tonne on Monday, while on Tuesday, eased 0.44 per cent to US$1,682.5 per tonne amidst choppy trading. On Wednesday, it closed at US$1,678.5 per tonne, and then further declined on...
Nalco decreases aluminium ingot price by nearly 2% to INR 140,750-144,250/t w.e.f July 18
National Aluminium Company has decreased its aluminium ingot and aluminium product prices with effect from Saturday, July 18, following a hike on July 10. The company has cut its aluminium ingot price by INR 2,700 per tonne or 1.88 per cent to INR 140,750-144,250 per tonne. After the last hike with effect from July 10, the company sold its aluminium ingot at INR 143,450-146,950 per tonne. Nalco’s aluminium billets price after the latest cut has come in at INR 144,200-146,850 per tonne, also down by INR 2,700 per tonne or 1.84 per cent from INR 146,900-149,550 per tonne as of July 10. The company’s aluminium wire rod price is now at INR 144,250-148,600 per tonne after the cut from INR 146,950–151,300 per tonne. Like any other major Indian aluminium producers, Nalco links its aluminium...
Hindalco cuts its aluminium ingot and product prices by INR2250/t with effect from July 17
Hindalco Industries Limited has cut its aluminium ingot and product prices with effect Friday, July 17, following three consecutive hikes last week. The aluminium ingot price of the company has been reduced by INR 2,250 per tonne or 1.56 per cent to INR 141,250 per tonne. After the last hike on July 10, Hindalco was selling its aluminium ingot price at INR 143,500 per tonne. With the latest cut, Hindalco’s aluminium wire rod price has come down to INR 152,350 per tonne from INR 154,600 per tonne on July 10, lesser by 1.46 per cent or INR 2,250 per tonne. The company’s aluminium billet price is now hovering at INR 148,350 per tonne, down by 1.49 per cent from INR 150,600 per tonne. Like any other major Indian aluminium producers, Hindalco links its aluminium prices to the three-month...
Reimplementation of 10% tariffs on Canada’s unalloyed aluminium exports would be a wrong move by US: Kirsten Hillman
Canada suggests the United States be patient about determining whether to reimpose aluminium tariffs. In response to the United States’ allegations that the raw aluminium exports from Canada to the US have surged ever since the tariffs were lifted in May 2019, Canadian Ambassador Kirsten Hillman said there was an increase in the production of unalloyed or raw aluminium as producers were asked to shift their production from value-added products to primary aluminium amid a drop in aluminium alloy demand due to the COVID-19 pandemic. Hillman believes the demand will rebounce as the auto industry and other manufacturing sectors will come back online. According to her, the situation will rectify itself in the coming months. “Let’s take a little time to see how this settles out and make sure...
Land Rover adds new engines to its latest Range Rover models suitable to modular aluminium engine architecture
Land Rover has reportedly added new engines for its Range Rover and Range Rover Sports models, based around Jaguar Land Rover’s modular aluminium engine architecture. According to the report, a new family of 3.0-litre straight-six Ingenium diesel engines and a range of desirable special editions including the Westminster, Westminster Black Edition, and an exclusive SVAutobiography Dynamic Black have been added to the recently announced Range Rover Fifty celebratory model. The new generation of 3.0-litre straight-six Ingenium diesel engines have been developed in-house for reduced fuel consumption and heightened refinement. They are smoother and more refined, featuring advanced 48V mild hybrid technology to meet any strictest global emissions regulations. The engines also include the Real...
India’s alumina imports to decline by 4% in CY2020 in line with its measures to minimise overseas dependence
According to the global export-import data, India’s alumina imports in CY2020 are estimated to stand at 2.27 million tonnes, down by 4.22 per cent from 2.37 million tonnes (approx.) in 2019. In 2018, India had imported 2.69 million tonnes, meaning the country’s alumina imports in 2019 stood down by 11.90 per cent from the previous year. The above data indicate that India’s alumina imports this year are estimated to drop from the preceding year but at a lower rate. In tandem with the decline in India’s total alumina imports, the country’s imports from Australia are also expected to stand lower at 682,436 tonnes compared to 1.10 million tonnes in 2019. This means India’s alumina imports from Australia in 2020 are likely to decline sharply by 99 per cent year-on-year. In 2018, India’s...
Vedanta reduces aluminium ingot price by 1.50% to INR140000-153000/t w.e.f July 17
According to the latest update, Vedanta Limited has cut its aluminium ingot and product prices with effect from today, July 17, following three consecutive hikes during July 8-10. The company’s aluminium ingot price is now ranging between INR 140,000-153,000 per tonne, down by INR 2,250 per tonne or 1.58 per cent from INR 142,250-155,250 as of July 10. After the latest price cut, Vedanta is now selling its aluminium billet at INR 148,000 per tonne, also a decrease of INR 2,250 per tonne or 1.50 per cent from INR 150,250 per tonne on July 10. With the latest cut, Vedanta’s aluminium wire rod price is hovering at INR 147,500-155,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange, which from...
LME aluminium price edged lower by $24/t on US dollar rise after four consecutive days of losses; SHFE extended decline
The US dollar rose on Thursday, July 16, while global stocks fell, as investors reacted to a mixed batch of economic data out of China and the US. The US dollar index, which measures the currency against a basket of rivals, gained 0.29 per cent to 96.250, after four consecutive days of losses. Three-month LME aluminium fell for a third straight day on Thursday, shedding 0.6 per cent to US$1,668.5 per tonne. It is likely to move between US$ 1,650-1,690 per tonne today. As of Thursday, July 16, LME aluminium cash (bid) price and LME official settlement price sharply declined by US$ 24 per tonne from US$ 1651 per tonne on July 15 to US$ 1627 per tonne. 3-months bid price and 3-months offer price stood at US$ 1660.50 per tonne, down by US$ 25.5 per tonne from US$ 1686 per tonne on the...
Elvis & Kresse aspires to build sustainable fashion accessories from recycled aluminium cans
Multi-award winning fashion accessories brand Elvis & Kresse is reportedly working with a group of researchers from Queen Mary University of London’s School of Engineering and Materials Science on a project to recycle aluminium drink cans into zips and buckles, in a bid to drive forward sustainable innovation within the fashion industry. Elvis and Kresse, which is known to transform reclaimed material into luxury lifestyle accessories, looks forward to recycle some of the millions of aluminium cans, hoping to provide a green solution for aluminium can recycling that otherwise litters the United Kingdom each year. This project has been funded as part of a £1.2 million (US$1.5m) award from the Business of Fashion, Textiles and Technology (BFTT) programme. It will involve designing and...
Chinese aluminium billet inventories expand week-on-week decline to stand at 65,000 tonnes
Aluminium billet inventories in China have continued to shrink over the week ending on Thursday, July 16, marking the second consecutive week-on-week fall, found Shanghai Metals Market. According to SMM, aluminium billet inventories today have declined due to high deliveries amid limited arrivals of stocks. The inventories of 6063 aluminium billets have decreased by 7,300 tonnes from the week earlier to stand at 65,000 tonnes. Week-on-week, the decline has expanded by 6,300 tonnes from the earlier drop of 900 tonnes on July 6 to come in at 72,300 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, the aluminium billet inventories have declined by 4,100 tonnes to stand at 20,600 tonnes, while that in Wuxi and...
