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.
The Aluminum Extruders Council announces new Chairman and Vice Chairman
The Aluminum Extruders Council has reportedly announced the results of the annual election of officers and directors, which was decided at its 71 st Annual Meeting & Leadership Conference last month in San Antonio, Texas. Brook Massey was elected to serve as Chairman of the Aluminum Extruders Council, Brook Hamilton as Vice Chairman on the Executive Committee, and Scott Kelley as Immediate Past Chairman. Mr Massey, who was earlier the President of MI Metals in Oldsmar, FL, has more than 15 years of leadership experience in the aluminium extrusion industry. Prior to MI Metals, he was a CPA and spent time auditing in a variety of industries, including Manufacturing, Healthcare and Governmental entities. Mr Massey has been a member of the AEC Board of Directors since 2016. He then used to...
China's primary aluminium demand surges by 150,000-200,000 tonnes on weak scrap supply: Antaike
According to Antaike’s report on Wednesday, April 22, China’s primary aluminium demand has surged by an extra 150,000 to 200,000 tonnes over the past one month, owing to aluminium scrap shortage caused by the coronavirus outbreak. Aluminium scrap supplies have weakened since the end of the Lunar New Year holidays in January. Delay in resuming recycling activity due to the holidays, together with falling imports because of the global COVID19 pandemic, has adversely affected the supplies of scrap, according to the research house. “Price spread between aluminium scrap and primary aluminium narrowed obviously, leading to increasing amount of primary aluminium as a substitute and driving its demand,” Antaike said in a note. The most active aluminium contract on the Shanghai Futures Exchange...
US aluminium scrap exports to India stood down by 6.17% M-o-M in January’20, but edged higher by 61% Y-o-Y
United States Geological Survey report for January 2020 showed that the US in the said month exported 28,900 tonnes of aluminium scrap to India. This stood down month-on-month by 6.17 per cent, but when compared to the corresponding period last year, it edged higher by 61 per cent sharp. In December 2019, the United States aluminium scrap exports to India were 30,800 tonnes, while in January 2019 were 18,000 tonnes. During October-December 2019, the US aluminium scrap exports to India relentlessly showed an upswing trend, by supplying 20,300 tonnes in October, which grew 15.27 per cent to 23,400 tonnes in November. December saw a growth of 32 per cent month-on-month, with US aluminium scrap exports to India came in at 30,800 tonnes. However, despite the month-on-month decrease in the...
Amaero with an automotive manufacturer to develop 3D printed tooling for aluminium die casting components
According to a recent report, the metal additive producing group Amaero International has inked an agreement with a major global automotive manufacturer to jointly develop 3D printed tooling. According to the Australia-headquartered group, the inclusion of additive-manufactured inserts for tools could decrease the manufacturing defects risk by adding conformal cooling channels to the design. As a result, it would reduce rejection in casting, machining, and assembling, and therefore, would save costs. These tooling inserts are common to die casting tools globally. Once this new process to be developed by Amaero and its new customer is proven, there would be some scope for significant global opportunities. This collaboration between Amaero and an automotive manufacturer would apply to the...
Alumina price in China shows restraint at RMB2123/t; A00 aluminium ingot price remains muted too at RMB12260/t
After rising the past two days in a row from RMB 2,064 per tonne to RMB 2,123 per tonne, the average alumina spot price in China has decided to remain restrained today, on April 22, according to Shanghai Metals Market. Even in the major markets in the east, central, north, and south China, the price has remained unchanged. While in the east and central, the alumina price is hovering at RMB 2,115 per tonne, in the north and south, the price is standing at RMB 2,135 per tonne and RMB 2,520 per tonne, respectively. The average prices in the east and central are expected to range between RMB 2,080-2,150 per tonne, as of April 22, and that in the north and south between RMB 2,100-2,170 per tonne and 2,490-2,550 per tonne, respectively. The A00 aluminium ingot price has also not recorded any...
Nick Allan joins Canyon Resources Limited as new CFO & Company Secretary
Canyon Resources Limited has reportedly appointed a new Chief Financial Officer and Company Secretary named Nick Allan with an immediate effect. The appointment of Mr Allan followed the resignation of John Lewis, the former CFO/Joint Secretary of Canyon Resources. Nick Allan is a chartered accountant and comes with more than 25 years’ experience in commerce, corporate advisory and public practice. He previously worked with several ASX-listed public companies as the chief financial officer and company secretary. Early last month, Canyon had appointed senior bauxite executive Rick Smith as Chief Development Officer of the company. Mr Smith focuses on supply chain, offtake, and strategic partner negotiations for Canyon’s Minim Martap Bauxite Project in Cameroon. He joined Canyon with more...
US aluminium semis imports from Saudi Arabia see a M-o-M decline of 27.48% in January 2020
According to the data shown by the United States Geological Survey, the US in January 2020 imported 7,470 tonnes of aluminium plates, sheets and bars from Saudi Arabia. In December 2019, the US aluminium semi-finished product imports from Saudi Arabia were 10,300 tonnes, meaning the imports in January this year stood down by 27.48 per cent month-on-month. In November 2019, the country’s imports from Saudi Arabia were also at 10,300 tonnes. In October, the import amount was at 6,430 tonnes, down by 60.19 per cent from November and December 2019 and by 16.17 per cent from January 2020. Thailand was the next highest exporter of aluminium plates, sheets and bars exports to the US in January 2020, providing 4,550 tonnes. In the earlier month, the United States had imported, 4,150 tonnes of...
Vedanta’s Lanjigarh Unit comes forward to help District Administration in COVID19 preparedness
Vedanta’s Lanjigarh alumina refinery has extended its support to the Government and District Administration for the fight against COVID19 by providing Personal Protection Equipment (PPEs) to the medical staff of the COVID hospital in Bhawanipatna. The unit has also given 60,000 surgical gloves, 25,000 surgical masks, and 6,000 bottles of sanitisers to the hospital. Appreciating this gesture, the hospital authorities and the district administration said that industries like Vedanta are playing a significant role in the fight against the global pandemic through their CSR contributions. Vedanta’s 20-bedded hospital is now in a state of preparedness for COVID19 to support the district administration. A 24×7 telephonic helpline has been set up by the hospital to address any queries or concerns...
Complete Aluminium Foil Plant on SALE! A Golden Opportunity to expand your production capacity
Aiming at expanding your aluminium semi-finished business or diversify into a new industrial sector? Looking at investing in aluminium flat rolled production plant? Then AlCircle is here to help you with all the necessary information on a complete aluminium foil plant in Germany, which is on SALE! The plant is equipped with very well-maintained and high-quality German and European machinery used for the aluminium foil production, and is known to serve clients from the Aluminium Foil Industry across the globe. Achenbach Foil Rolling Mill Department Machines are used at the plant, tailored to the specific operation purpose to reliably produce best foil qualities even at maximum rolling speeds, maximum rolling widths, and highest coil weights. Besides, the plant features 4-high rolling...
LME aluminium price slipped sharply to US$1451.50/t on increase in opening stocks; SHFE extended growth to US$1752/t
The US dollar was slightly higher on Monday as plunged oil prices weighed on oil-linked currencies and as investors braced for a tough quarter ahead. Investors also awaited the outcome of a European Union summit this week on how to tackle economic fallout from the coronavirus crisis. The dollar index, which tracks the greenback against a basket of other currencies, climbed 0.24 per cent and ended at 99.902. Three-month LME aluminium closed flat on the day (Monday) at US$ 1,505 per tonne, after dipping to a session low at US$ 1,487 per tonne. Weak fundamentals and chaos in oil markets will likely depress LME aluminium to US$ 1,480-1,515 per tonne today. As of Monday, April 20, both LME aluminium cash (bid) price and LME official settlement price have recorded a sharp decline of US$ 31 per...
Electric vehicles sales in India jump 20% in FY20, driven by electric two-wheelers
Electric vehicle sales in India have reportedly recorded a growth of 20 per cent to 156,000 units in the financial year 2019-20, largely driven by the sales of electric two-wheelers that form bulk of the nascent industry. Of 156,000 units, electric two-wheelers sales accounted for 152,000 units during the fiscal, up 20.7 per cent from the last year, while electric cars accounted for 3,400 units, down from 3,600 units in the year ago. Electric bus sales were 600 units compared to 400 units in the financial year 2018-19. Of the electric two-wheelers sold in FY20, 97 per cent were electric scooters, and the remaining 3 per cent were motorcycles and electric cycles. Industry body Society of Manufacturers of Electric Vehicle estimates the e-rickshaw sales at around 90,000 units during the...
New-car sales in Europe record a plunge of 52% in March 2020
New-car sales in Europe’s major markets in March dwindled by 52 per cent, attributing to the lockdowns imposed for the containment of COVID19, showed a data on Friday, April 17. Registrations dropped to 853,077 vehicles in the European Union, Britain, and the European Free Trade Association (EFTA) countries, marking the lowest since 1990 when ACEA started compiling data. Similar slumps have been found in China and the US as well. April is likely to look no better as car plants have remained idle and government-imposed lockdowns aggravate the economic downturn that looks set to outstrip the 2008/09 financial crisis. ACEA commented, "With containment or lockdown measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed...
China's alumina price records a growth of RMB51/t after two months of decline; A00 aluminium ingot price rises sharply
Shanghai Metals Market found a bullish trend today, as of April 20, throughout the Chinese aluminium market. The prices of alumina to aluminium alloys have recorded significant growth ranging between RMB 50 per tonne and RMB 350 per tonne. According to SMM data, the average alumina spot price has recorded a rise of RMB 51 per tonne today, after displaying a sluggish trend for over the past two months. The alumina spot price since the mid of February started slowing down from RMB 2,573 per tonne to come as low as RMB 2,064 per tonne, as of April 17. Today, on April 20, the price has jumped by RMB 51 per tonne to RMB 2,115 per tonne. The north of China has seen the highest growth today in alumina price by about RMB 75 per tonne to RMB 2,125 per tonne, followed by the rise of RMB 50 per...
China’s secondary aluminium operating rates in March rebound to 47.32%: SMM
According to Shanghai Metals Market, China’s secondary aluminium operating rates in March rebounded 29.2 percentage points from February to come in at 47.32 per cent. But when compared to the same period last year, the operating rates stood 16.37 percentage points lower, learned SMM. Resumption of large and medium scale producers was the major drive behind the rise in operating rates, while small companies grappled with the shortage of aluminium scrap supply and recovered at a slower pace. SMM survey also showed the overall sales of secondary aluminium in March were 70-80 per cent of the level during the same period last year. Large amounts of backlogged orders and stockpiles since the Chinese New Year holiday primarily supported operations of secondary aluminium plants in March. However,...
Dynamic and Klassen together design a fast, sporty, all-aluminium yacht GTM 90
In collaboration with Klassen, the exclusive car turner from Germany, the Monaco-based Dynamiq Yachts has designed a fast, sporty, all-aluminium 27.5-metre yacht GTM 90, which evokes nothing less than richness and sophistication, according to Dynamiq partner Giuseppina Arena. Giuseppina Arena is also of the opinion that the yacht possesses some of the design features found in Klassen cars, such as rich wood panelling and LED lights, and can be personally configured as well. Commenting on the collaboration of Klassen and Dynamiq, Paul Klassen stated: “Dynamiq and Klassen share the same values related to high-end materials, engineering, finishing and maximum comfort on board for their demanding clientele. It's all about flawless perfection and first-class comfort on land and sea.” The total...
LME aluminium price displayed a bullish trend this week amidst rising opening stock; SHFE edged higher
The US dollar was roughly flat on the first day of the week, April 13, amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. On Tuesday, it declined to 98.875 as risk appetite returned to the market after the better-than-expected economic data from China dispelled some concerns about the coronavirus impact on the world’s second-largest economy. On Wednesday, it rebounded at 99.573, and then at 99.9 on Thursday, April 16. Three-month LME aluminium rebounded on Tuesday, April 14, after the decline, closing up 2.09 per cent higher on the day at US$ 1,515 per tonne with short covering their positions. On Wednesday, it closed at US$1,516 per tonne, down 0.2 per cent....
World Aluminium Outlook amid COVID19: Production to grow at a CAGR 3% during 2020-21
Not even a month or two went by this year, the aluminium industry started facing a brand new challenge in the form of COVID19, followed by some of the severe impacts at its prices, demand, and consumption in the year last due to the US-China trade tensions, US aluminium import tariffs, and the world economic slowdown. The London Metal Exchange spot price for aluminium in 2019 had fallen by 17 per cent to average US$1,830 per tonne, and that of the free on board (FOB) Australian alumina price declined to US$342 per tonne, driven by rising supply with the return of Brazil’s Alunorte refinery to full production. In 2020 and 201, the LME aluminium spot price is forecast to decrease further, but slower than the year last, by around 7 per cent, approximately ranging between US$1,698 per tonne...
COVID19 Effect: China’s daily aluminium production in March dropped 1.7%, according to Reuters calculations
According to Reuters calculations based on the official data on Friday, China’s daily aluminium output in March dropped by 1.7 per cent compared to the earlier two months. Supply disruption and incessant price fall of the metal due to the COVID19 outbreak resulted in daily production drop. But as per the data from the National Bureau of Statistics, China’s monthly aluminium production in March grew 2.3 per cent over the year, amounting to 2.97 million tonnes. With this, China’s total first-quarter output came in at 8.84 million tonnes, up 2.7 per cent year-on-year. According to Reuters, China’s total daily aluminium output in January and February of this year was 97,450 tonnes, which in March declined to 95,800 tonnes, the lowest daily rate since October. The bureau did not typically...
