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.
Plastic production facility into an aluminium extrusion plant – transformation is in the final stage
The conversion of a plastic production facility to an aluminium extrusion plant in the Dali industrial area is in the final stage, awaiting environmental approval. The Environment Impact Assessment Committee has completed the project review and is expected to deliver approval very soon. To ensure less environmental impact, the plant is likely to be directed to connect to the sewage system or transport waste using tankers. Officials said on Wednesday at a parliamentary Environment Committee meeting that if all the required criteria are met, the transformation project will be issued with planning and building permits following the environmental approval. The proposed plant in the Dali industrial area for aluminium extrusion, electrostatic painting, and anodising has already fuelled debate...
Alcoa’s Q3 net income marks over a fourfold growth despite weaker operational performance
On Wednesday, October 16, Alcoa Corporation, the world’s eighth-largest aluminium producer, announced its third-quarter results that reflected sequential increases in net income and Adjusted EBITDA amid declines in production and shipments. According to the figures revealed by Alcoa, the company encountered a havoc surge in net income from $20 million in Q2 2024 to $90 million in Q3 2024, driven by skyrocketed alumina prices amid stable raw material costs. Adjusted net income was $135 million in Q3 2024 versus $30 million in Q2 2024. However, on an annual basis, Alcoa’s net income and adjusted net income shrank from $168 million and $202 million, respectively. Alcoa’s Adjusted EBITDA (excluding special items) jumped by 250 per cent Q-o-Q and 550 per cent Y-o-Y, amounting to $455 million...
Nupur Recyclers to debut in aluminium extrusion manufacturing with INR 180 million investments
Nupur Recyclers Limited, a leading importer and processor of non-ferrous metal scraps, has announced its venture into aluminium extrusion manufacturing through a subsidiary, Nupur Extrusion. As per the report, the company has earmarked an investment of INR 180 million (approx. 21 million) for the plant to address the growing demand for recycled aluminium products, particularly from the solar energy and construction industries. Nupur Extrusion was established in May 2023 by Nupur Recyclers Limited with a 60 per cent share, aiming at producing aluminium extrusions from recycled aluminium scrap. Nupur Recyclers has purchased two acres of land in Sampla, Bahadurgarh, Haryana, for the new extrusion plant and started construction. Expected to be commissioned by the financial year 2025-26, the...
China’s September aluminium output aligns with SMM forecast, showing a monthly dip but a positive near-term outlook
In September 2024, China's aluminium production increased by 1.45% compared to the previous year, aligning with the expected figures from the Shanghai Metal Market. The operation resumption in Sichuan and Guizhou after technical upgrades boosted the production on a year-on-year basis. However, on a month-on-month calculation, the output is likely to have decreased from 3.689 million tonnes to 3.574 million tonnes, possibly due to estimated slower production in Yunnan. Due to the traditional peak season during September and October, the production and demand for downstream alloy products increased, driving the proportion of liquid aluminium up by 0.7 percentage points M-o-M and 0.6 percentage points Y-o-Y to approximately 73.76 per cent. As a result, the casting ingot production decreased...
Rio Tinto posts an 8.6% surge in Q3 bauxite output, attributed to optimised operation system at Amrun mine
Rio Tinto, a leading global mining group, has announced its production and operational results for the third quarter of 2024 ended September 30. Overall, the company has achieved many new milestones across its operations, including a surge in bauxite production. Overview of bauxite production The Q3 report revealed that Rio Tinto's bauxite output reached 15.1 million tonnes, recording a Q-o-Q increase of 2.7 per cent from 14.7 million tonnes and a year-on-year rise of 8.6 per cent from 13.9 million tonnes . In nine months, Rio's bauxite production totalled 43.2 million tonnes, up by 9 per cent year-on-year. The persistent rise in Rio's bauxite output through the third quarter of 2024 could be attributed to improved production efficiency owing to the implementation of the Safe Production...
Alba-Alcoa bond strengthens with a new long-term alumina supply contract
Aluminium Bahrain B.S.C. (Alba) from Bahrain and Alcoa Corporation from the United States of America have extended their long-term relationship by signing yet another strategic agreement. They have renewed their alumina supply contract under which Alcoa has agreed to supply up to 16.5 million tonnes of smelter-grade aluminium oxide to Alba for ten years, starting from 2026. This renewed contract will make Alcoa Alba’s third-largest alumina supplier. The alumina will primarily come from Alcoa’s Western Australia refinery, strengthening Alcoa's position as a reliable source of alumina. At the same time, it will benefit Alba by providing good quality raw materials for producing primary aluminium. On renewing the contract, Alba’s CEO Ali Al Baqali commented: “Our long-standing partnership...
Cadoux Ltd gets a lumpsum tax incentive payment for HPA production process design
Cadoux Limited, a leading producer of high-quality critical minerals for use in electric vehicles and high-tech applications, has reportedly acquired an $848,880 R&D tax incentive offset payment for its work-in-progress critical mineral projects that will innovate process design to produce first-class high-purity alumina and for its Minhub downstream rare earth production strategy in Darwin. With this financial benefit, the company will step up its HPA and Minhub projects in line with Australia’s emerging critical minerals policy that aims to strengthen the supply chain for critical minerals to meet the growing demand for raw materials essential in producing high-tech products. A share of the R&D fund will be utilised in commercial development of Cadoux’s HPA process design project for...
Sparklo finds 50% of UAE residents recycle 1-2 times a week and 13% recycle daily
Sparklo, an AI-driven global cleantech company, has recently conducted a survey that reveals 67% of UAE residents would recycle more if they had better access to recycling infrastructure. The survey was conducted among 1,000 Sparklo users, part of a more extensive user base of 200,000 in the UAE. The results show that approximately 50 per cent of respondents recycle 1-2 times per week, while 13 per cent recycle daily. While corresponding with the participants in the survey, Sparklo realised that recycling programmes and reverse vending machines should be more accessible across the cities to increase the recycling rate. When asking the respondents about motivations, awareness, and challenges in recycling practices, Sparklo learnt that 70 per cent of them were fully informed about recycling...
U.S. Commerce Dept. confirms 14 countries guilty of dumping aluminium extrusions, levies up to 376.85% tariffs
The United States Department of Commerce has reportedly issued final determinations against fourteen countries involved in dumping aluminium extrusions and selling them at less than legitimate value in the US market. China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, Vietnam, and the United Arab Emirates are found guilty. The department reports that these countries are thumped by antidumping tariffs at rates ranging from 2.02 per cent to 376.85 per cent and countervailing duties ranging from 1.44 per cent to 168.81 per cent. The investigation was initiated in October 2023 by the U.S. Aluminium Extruders Coalition (USAEC), comprising fourteen American extruders and the United Steelworkers Union (USW), based on the alleged dumping of...
China’s alumina production in September retreats, standing below 7 million tonnes
In September 2024, China’s monthly production of metallurgical-grade alumina retreated from its peak by losing 4.27 per cent month-on-month. However, on a year-on-year basis, the output in September increased by 2.69 per cent from 6.732 million tonnes. Based on the above data provided by the Shanghai Metals Market, China’s metallurgical-grade alumina production is estimated to have amounted to 6.91 million tonnes in September versus 7.22 million tonnes in August 2024 . From January to September, China’s total output of metallurgical-grade alumina was 61.596 million tonnes, up 3.66 per cent Y-o-Y. SMM further showed China’s existing capacity of metallurgical-grade alumina increased by 1 million tonnes to 101.6 million tonnes, with the actual operating capacity down by 1.3 per cent M-o-M...
PYRAMIDS ALU aims to commission aluminium frames and solar mounting systems factory in next 2 months
The PYRAMIDS ALU project has signed an agreement for its first phase of construction, where premium aluminium frames and solar mounting systems will be produced. The signing ceremony occurred on October 8 between Walid Youssef, Managing Director of the Main Development Company (MDC), and Tarek Shehata, General Manager of PYRAMIDS ALU, in the presence of Walid Gamal El-Din, Chairman of Egypt’s Suez Canal Economic Zone (SCZone). The project will come up in three phases, with the first phase commissioning over a 5,000-square-metre factory in the Sokhna Industrial Zone, equipped with four Plug & Play units in the next two months. The project aims to achieve a monthly production capacity of 1,750 tonnes, powered by two fully automated fabrication lines and one production line, with an...
US primary aluminium output drops in July'24, but scrap recovery compensates for it by gaining 5% Y-o-Y
The United States’ domestic primary aluminium production increased in July 2024 to rebound to the level of output achieved in May. Compared to the production volume in June at 55,000 tonnes, the United States output in July gained 2,000 tonnes M-o-M, according to the latest data from the US Geological Survey. Following the increase in July, the United States’ primary aluminium production volume amounted to 57,000 tonnes, which was, however, significantly down by 7,000 tonnes or 11 per cent year-on-year from 64,000 tonnes. In the first seven months of 2024, the United States’ primary aluminium output totalled 396,000 tonnes, registering an annual downfall of 10.41 per cent from 442,000 tonnes. The average daily production of primary aluminium in the United States during July 2024 was 1,830...
Taiwan-origin carbon-coated aluminium foil launches as an alternative to Chinese products
At the Battery Show in Detroit, Michigan, in the United States, Sino Applied Technology (SiAT) and C.S. Aluminium Corporation (CSAC), the two Taiwan companies, have jointly unveiled the test results of a carbon-coated aluminium foil collector designed to enhance battery performance and durability. The product has gained significant attention from battery and electric vehicle manufacturers due to its exceptional conductivity and ability to reduce interfacial contact resistance. This is particularly important in lithium battery production, where preventing corrosion of the aluminum foil collector is a real challenge. The carbon-coated aluminium foil collector, a resultant of Sino Applied Technology and C.S. Aluminium Corporation’s joint experiment, serves as a conductive connector between...
Alro Slatina achieves a carbon footprint below the European average
The Romanian aluminium producer Alro Slatina reported at Aluminium 2024 in Dusseldorf that its carbon footprint has reached beneath the average level in Europe. The company even stated that it feels optimistic ahead of the Carbon Border Adjustment Mechanism (CBAM), which will be imposed by Europe and target imports of carbon-intensive goods, including aluminium. At the same event, a representative from Vimetco Extrusion, Alro's downstream subsidiary, also underscored that European aluminium producers will come under the global spotlight when the Carbon Border Adjustment Mechanism becomes mandatory in 2026. Vimetco Trading general manager Florin Verboncu said customers' focus would also shift to European low-carbon aluminium. "Demand is going well. The trend is that next year customers,...
Aluminium demand in North America marks a positive growth trend in H1 2024 with a 5.2% rise Y-o-Y
Aluminium demand in North America (US and Canada) has demonstrated an upward movement through the first half of 2024, marking a 5.2 per cent year-on-year growth, as shown by the Aluminum Association in its monthly Aluminium Situation report. “2024 continues to be a strong year for aluminum demand,” said Charles Johnson, president & CEO of the Aluminum Association. “Customers and end consumers have made it clear that they want sustainable, recyclable materials like aluminum. Our members are investing in production and jobs in the United States to help meet this demand both now and in the future.” Showcasing a steady advancement from 13,365 million pounds in H1 2023, North America’s aluminium demand this year is reported at around 14,056 million pounds. To this growth, aluminium sheet and...
China’s alumina spot price mounts over RMB4200/t following a significant gain of RMB44/t
China's non-ferrous metal market has seen a historical price movement of the average alumina spot price as it has leapt by RMB 44 per tonne overnight to exceed RMB 4,200 per tonne. According to the Shanghai Metals Market, China's domestic alumina price clocked at RMB 4,214 per tonne on Thursday, October 10, marking a month-on-month surge of 6.9 per cent from RMB 3,942 per tonne. In Henan, the alumina price has expanded by RMB 65 per tonne to stand at RMB 4,225 per tonne, with average prices likely to range between RMB 4,150 and 4,300 per tonne. In Shanghai, the price has gained RMB 45 per tonne to peg at RMB 4,175 per tonne, followed by an increase of RMB 30 per tonne in Shanxi and Guangxi to stand at RMB 4,280 per tonne and RMB 4,160 per tonne, respectively. However, the Australian...
Rio Tinto signs deal to acquire leading lithium company Arcadium amid aluminium-lithium boom
Rio Tinto has reportedly signed a contract with Arcadium Lithium plc, agreeing to acquire the latter for US$5.85 per share in an all-cash transaction. This acquisition will bring Arcadium’s world-class lithium business into Rio Tinto’s portfolio, expanding it from aluminium, copper, and iron ore to lithium. This acquisition, expected to close in mid-2025, will signify a groundbreaking collaboration between the aluminum and lithium industries. Lithium is an essential component used alongside aluminium for manufacturing aluminium-lithium (Al-Li) alloys used in aerospace technology and aeronautic applications because of its low density. Adding 1 per cent lithium by mass to aluminium reduces alloy’s density by 3 per cent and increases elastic modulus by 6 per cent. Lithium-aluminium is also...
Japan’s latest aluminium shipment premium for Q4 2024 is 1.7% down from the last offer
A recent update informs that Japanese buyers are offered a revised aluminium shipment premium for the December quarter, slightly lower than the earlier quotation for the same period but higher than the previous quarter. The news came after four people directly involved in pricing talks reported. The latest negotiation has resulted in a 1.7 per cent decrease in aluminium shipment premium offered to Japan. Data reveals the premium is agreed at $175 per tonne, up by 1.7 per cent from $172 per tonne in Q3 2024. However, compared to the shipment premium offered in August for the December quarter, the new price is 5.4 per cent down from $185 per tonne. Supply chain constraint in Asia is still a major reason for the quarterly rise in Japan’s aluminium shipment premium. Aluminium ingot shipments...
