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.
COVID-19 Effect: Auto component manufacturers set to defer their planned capex of $4 billion till 2022
On the continuous spread of the COVID-19, the auto component manufacturing companies are set to defer their planned capex of around $4 billion till 2022. This decision has been taken to preserve cash and cope with supply chain disruptions, as per the announcement made by a top official of the Automotive Component Manufacturers Association of India (ACMA). As the domestic auto industry is likely to witness a decline in double digits this year, the auto component companies are revising their strategies for the near term, adhering to the old mantra of ‘Cash in King’, said the official. “Going forward, the majority of the tier-I component makers will focus more on consolidating capacities rather than expanding at least for the short-term in order to preserve cash. Overall, I think about $4...
A00 aluminium ingot price extends growth for the third day in a row to RMB13150/t; Aluminium alloy(A356) grown by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its rise for the third consecutive day by RMB 130 per tonne to RMB 13,150 per tonne, as of Monday, May 18. The average prices are expected to range between RMB 13,130 per tonne and RMB 13,170 per tonne, with spot contract to be traded at a future price of RMB 130-170 per tonne. The continued drop in social inventories of primary aluminium ingots to as low as 1.007 million tonnes, as of May 18, owing to the imbalance between supply to warehouses and consumptions could be attributed to the hike in A00 aluminium ingot price. In Tianjin, the primary aluminium ingot price has seen the highest growth today of RMB 180 per tonne to stand at RMB 13,020 per tonne, followed by the rise of RMB 170 per tonne in Wuxi to RMB...
COVID-19 Aid: Vedanta’s Lanjigarh refinery helps farmers with good quality seeds for cultivation
According to a recent report, Vedanta’s Lanjigarh alumina refinery has further lent a helping hand in a bid to mitigate the effects of COVID-19. This time, the refinery has provided seeds to the needy peasants in the area to help them develop a vegetable cultivation plan, said a company official. He also said that in the fight against the global pandemic, the Lanjigarh alumina refinery is constantly striving to restore and sustain the livelihoods of the local communities. Under this new initiative, the refinery is ensuring the availability of good quality seeds of bitter gourd, cowpea, ridge gourd, etc. to the local farmers, who are adversely affected by the COVID-19. For this initiative, Vedanta has collaborated with the Agriculture and Horticulture Department of the state, according to...
LME aluminium price trended down this week from US$1454.5-1432.5/t, while SHFE price edged higher at US$1831/t
The US dollar index, which tracks the greenback against a basket of its peers, returned above the 100-mark on Monday, May 11. On Tuesday, the dollar fell but managed to erase earlier losses on Wednesday to trade largely flat against a basket of currencies. On Thursday, May 14, the US-dollar hit a three-week high. Three-month LME aluminium closed 0.3 per cent higher on Monday, May 11, at US$1,496.5 per tonne, but slipped on Tuesday by 1.14 per cent to US$ 1,479.5 per tonne. Extending the decline further, it closed down 0.24% at US$1,476 per tonne on May 14. On Friday, May 15, it remained flat after slipping from an intraday high of US$1,482 per tonne to a new five-week low of US$ 1,467.5 per tonne. LME aluminium cash (bid) price and LME official settlement price showed a downtrend this...
Ms. Nicole Coutu to chair as President of Alcoa Canada, announces Alcoa Corporation
According to a recent report, Alcoa Corporation has appointed Ms. Nicole Coutu as President of Alcoa Canada. The key job role of Ms. Coutu in Alcoa Canada will be the principal liaison for government and institutional relations for the company, on behalf of the Deschambault, Bécancour and Baie-Comeau smelters, as well as the Canadian head office in Montreal. Alongside her new job role, Ms. Coutu will continue in her current role as Director of Operations at the Aluminerie de Bécancour (ABI) and will also act as Chair of the Board of Directors of the Aluminum Association of Canada. Ms. Coutu said, "I am honoured to be offered this additional responsibility and it is with great enthusiasm that I will work with our stakeholders, government representatives and various associations, to discuss...
Nespresso increases recycled aluminium content to 80% in new coffee machine capsules
Nespresso has increased the recycled aluminium content to 80 per cent in its new coffee machine capsules , as part of its ongoing drive to boost sustainable credentials. The report came after the Swiss company unveiled its new capsules on Friday, May 15. The Nestlé-owned brand claims that its new aluminium coffee pods are the first pods in the market made of such high-level recycled content. The pods also contain very thin aluminium foil, which is eight per cent lighter in weight and requires 9.2 per cent lesser metal to produce, according to Nespresso. Jérôme Pérez, head of sustainability at Nespresso said, the launch of new capsules marked a significant milestone for improving the circularity of its business. "We are constantly challenging ourselves to improve the sustainability and...
Tankoa Yachts unveils new 50-metre all-aluminium superyacht S501 feauturing light aluminium alloy
Tankoa Yachts S.p.A has reportedly introduced a new 50-metre all-aluminium superyacht S501. The yacht is nearing completing in Italy now after the relaxation of lockdown restrictions caused by the COVID-19. S501 is the ultimate all-aluminium 50-metre yacht featuring oversized deck space, comfort, quietness, and efficiency. Entirely handcrafted in Italy and designed by Francesco Paszkowski, the yacht offers various exterior design adjustments to make her fit your personal choice and taste. According to the report, S501 superyacht will feature a layout largely similar to the two sister ships – Binta D’Or and Vertige, but with two primary differences. The main deck aft will be wholly dedicated to a large lounging area, while the forward master cabin will feature a private lounge that can be...
China’s daily aluminium output in April hit a 10-month high as smelters operating rates increase: NBS
According to the data shown by the National Bureau of Statistics, China’s aluminium production increased in April by 1.5 per cent over the year to stand at 2.97 million tonnes. The daily basis output in the said month hit a 10-month high as a rapid increase in primary aluminium prices after a coronavirus-driven collapse kept smelters’ operating rates high. As per Reuters’ calculations, China’s daily basis aluminium output in April came in at 99,000 tonnes per day, highest since June 2019 and up from around 95,800 tonnes in the previous month. Aluminium prices in China, which collapsed in February and March in the wake of the COVID-19 outbreak, rebounded strong in April, gaining 9 per cent since August 2017, after smelters cut supply and consumption at processing plants recovered. This...
LME aluminium price edged lower at US$1433.5/t; SHFE aluminium price jumped to US$1831/t
The US dollar hit a three-week high on Thursday before giving back much of those gains, as investors continued to digest Federal Reserve Chairman Jerome Powell’s dismissal of speculation over US interest rates entering negative territory and his glum forecast for the economy. Three-month LME aluminium remained range-bound on Thursday, slipping from an intraday high of US$1,482 per tonne to a new five-week low of US$ 1,467.5 per tonne before rebounding to close flat at US$ 1,476 per tonne. Lingering concerns over the economic fallout from the COVID-19 and fears of a re-ignition of the US-China trade conflicts hamper upside potential in LME aluminium, which is expected to move to US$ 1,460-1,500 per tonne today. As of Thursday, May 14, LME aluminium cash (bid) price and LME official...
“As a group focused on design, production, and maintenance of equipment, we see innovation as a way to make our solutions more efficient and competitive” - Cédric Schmuck, Director of the Aluminium Division within REEL
REEL is an industrial group specializing in complex lifting and handling systems as well as integrated systems solutions. It is using the present sanitary crisis to reinforce an Industry 4.0 approach in its different markets: Nuclear, Aluminium, Aeronautics, Offshore, etc. Many technological opportunities appear in the field of equipment, maintenance, or even design methods. Cédric Schmuck, Director of the Aluminium Division within REEL , in an interview with AlCircle said, as a group focused on design, production, and maintenance of equipment, we see innovation as a way to make our solutions more efficient and competitive. He also said that although the corona crisis has weighed on the aluminium production, but that should not impact the companies so much, owing to the lower input costs...
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US aluminium scrap exports to Malaysia show bearish trend during Dec’19-Feb’20
According to the United States Geological Survey, the US aluminium scrap exports to Malaysia showed a continuous downtrend from December 2019 to February 2020. Until November 2019, the United States aluminium scrap exports saw a month-on-month rise, such as an increase from 30,900 tonnes in September to 40,100 tonnes in October, followed by a further growth to 41,500 tonnes in November. But from December to February, the exports dwindled right from 32,500 tonnes to 22,500 tonnes. In January, the US exported 26,500 tonnes of aluminium scrap to Malaysia, registering a fall of 18.46 per cent month-on-month, while in February, it exported 22,500 tonnes, down 15.1 per cent over the month. The United States total exports of aluminium scrap to Malaysia in January and February combined were...
China’s aluminium billet inventories record a decline of 19,300 tonnes on May 14
According to Shanghai Metals Market, aluminium billet inventories in China have declined over the week, ending Thursday, May 14, following a marginal rise last week on Wednesday, May 6. As arrivals were limited since the past one week amidst stable shipments from warehouses, the aluminium billet inventories plunged by 19,300 tonnes to 112,800 tonnes, across five major Chinese consumption areas, as of May 14. Between April 30-May 6, the stocks increased by 2,700 tonnes to stand at 132,100 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: As the above chart suggests, among all the major Chinese provinces, Wuxi has seen the highest drop in aluminium billet inventories today. The stocks there have decreased by 8,230 tonnes to...
Twelfth International Aluminum Extrusion Technology Seminar rescheduled to May 2021
The Twelfth International Aluminum Extrusion Technology Seminar has been rescheduled on May 11 – 13, 2021, as announced by the Aluminum Extruders Council (AEC) and the ET Foundation. The seminar, now named ET 2021, will be conducted at the Hilton Orlando on Destination Parkway, minutes from I-Drive in the heart of Orlando’s dining and entertainment district. Previously, this seminar was postponed due to the COVID-19 pandemic. AEC President Jeff Henderson said, “We are fortunate to have found dates and a location that meets our specific needs. It took some time since so many organizations had to reschedule events simultaneously due to the unusual circumstances surrounding the novel coronavirus pandemic,” The ET Seminar Committee and ET staff are in the process of communicating the updated...
ABx reports its biggest sale of cement grade bauxite; Company is optimistic for the future
Australian Bauxite Limited (ABx) announced that it had been a successful tenderer to deliver a shipment of cement grade bauxite. It shipped 35,000 tonnes plus or minus 10 per cent from Bell Bay, which marked the company’s biggest sale yet of seaborne cement grade bauxite. Being optimistic about the time to come, ABx said: "Delays due to the current COVID-19 restrictions have been overcome and demand is likely to grow." ABx was negotiating for mining, transport, and port services to bring forward the production to take advantage of low fuel costs and increase employment in Northern Tasmania in the current and upcoming quarters. The company, however, did not reveal the sale price, claiming it confidential. Australian Bauxite Limited also told the Australian Securities Exchange (ASX) that it...
Alumina price drops by RMB5/t in China after two consecutive days of restraint; A00 aluminium ingot price rises to RMB12790/t
After remaining restrained for the two consecutive days following a rise to RMB 2,211 per tonne, the average alumina spot price in China has dipped by RMB 5 per tonne to RMB 2,206 per tonne on Thursday, May 14, found Shanghai Metals Market. In the east, the average alumina price has declined by RMB 25 per tonne to RMB 2,175 per tonne, while that in the north has plunged by RMB 10 per tonne to RMB 2,215 per tonne. In the central and south, however, the price has recorded no change from RMB 2,200 per tonne and RMB 2,520 per tonne, respectively. The Australia alumina FOB price has also remained restrained at US$ 241 per tonne after dwindling by US$ 1 per tonne on the last day. The imported alumina price is continuing at RMB 2,190 per tonne. The A00 aluminium ingot price, on the other hand,...
UK's aluminium packaging recycling rate records a new high to 56%
The aluminium packaging recycling rate in the United Kingdom has increased by 4 per cent year-on-year and recorded a new high to 56 per cent, the highest ever level, found the Environment Agency data, published on the National Packaging Waste Database (NPWD) earlier this month. The aluminium packaging market in 2019 grew by 8 per cent year-on-year, with 207,000 tonnes of packaging sold and 116,670 tonnes recycled, including an estimated 76% of all aluminium beverage cans sold. Data shows more than 102,944 tonnes of collected aluminium packaging (88%) were recycled into new high-quality products within Europe. The business recycling rate once again crossed the target, reaching 63 per cent compared to 60 per cent in 2018, while consumer-collected aluminium packaging recycling surged by 20...
COVID-19 Fight: Rio Tinto eyeing M&A opportunities to withstand market uncertainties
Rio Tinto is keeping a close watch on merger and acquisition (M&A) opportunities to diversify its portfolio in a bid to overcome market uncertainties caused by the COVID-19. The news came after Rio Tinto chief executive Jean-Sébastien Jacques said in a statement at a virtual presentation at Bank of America that expanding portfolio is now Rio's strategy to adapt to the post COVID-19 business environment. “We are keeping a watching brief on M&A. Right now, the market is finding it difficult to value companies and the Covid-19 recovery pathway is not clear. Rio Tinto will only transact if an opportunity creates value,” said Jean-Sébastien. According to him, the market recovery pattern from COVID-19 impact appears uncertain, while the market volatilities seem to continue for the next decade....
Nespresso and Amcor win Alufoil Trophy for ASI aluminium coffee capsule
For manufacturing ASI aluminium coffee capsule, the Swiss brand Nespresso and Australian packaging company Amcor have reportedly received the Alufoil Trophy in the Resource Efficiency Category from the European Aluminium Foil Association. The award recognised the Nespresso’s and Amcor’s efforts towards the improvement of the sustainability of the product by using ASI-certified aluminium, meaning using the metal that is produced and sourced from mined or recycled source and through each step in the value chain as per ASI’s standards. On winning the award, Gerald Rebitzer, Sustainability Director for Amcor Flexibles, said: “Certification from ASI helps us to deliver more responsible packaging solutions for our customers. Amcor is proud to win this award with our valued partner Nespresso, as...
