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.
Fort Lauderable-based YachtCreators unveils an all-aluminium 27-metre yacht
Fort Lauderable-based YachtCreators has reportedly unveiled an aluminium 27-metre yacht built for an American serial entrepreneur and boater. Expected to be launched in late September, this is the first known yacht project to implement Voith’s linear jet propulsion system. As per the report, Yacht owner Lucas Silva worked closely with YachtCreators on developing the project in accordance with his lifestyle. He said, “For families like mine, boating in the Exumas means navigating shallow waters accessible only with a smaller boat. When we arrive, we want the benefits of a superyacht, e.g. the comfort and the fun ... jet skiing, paddleboarding, spearfishing, scuba diving, etc. That's real living.” The yacht boasts extensive outdoor spaces both on the 60 square metre flybridge and main deck....
Spain estimated to continue to import more than half of aluminium structures from China in 2019
Aluminium is recognized as one of the most energy-efficient and sustainable construction materials and thus its use is noticeably rising in the buildings and construction sector with each passing year. Also, the applications of the metal have been widened from decorative detailing and art deco structures to major structures of the buildings. As a result, the exports and imports of aluminium structures are increasing all over the world. {newsStudioGallery} Here we will analyse the growth of aluminium structures import into Spain. According to the internal export-import data, the country is estimated to import around 41,544 tonnes of aluminium structures this year, compared to 38,476 tonnes in 2018. This indicates a year-on-year growth of 8 per cent in Spain’s aluminium structures import in...
Birmingham sent half of its aluminium abroad for the recycle in 2018
Birmingham City Council has revealed that it sent over half of its aluminium abroad to be recycled last year. As per the report, 280 tonnes out of 529 tonnes of aluminium were sent to Germany, while the remaining 249 tonnes were sent to facilities within the United Kingdom. Glass, plastics and other metals were also sent outside of the city to be recycled, published the Council on a special request by the Local Democracy Reporting Service. The only recycling collected in Birmingham and processed within the city was paper and cardboard, like happened in the previous three years. Figures revealed by the Birmingham City Council also indicated that recycling collected by the council had been decreasing over the years. In 2016, 1068 tonnes were collected and 151 tonnes sent to Germany, while...
Chalco’s aluminium production fell 14% YoY in H1 2019; Alumina output rose 3.2%
Chalco, formally known as Aluminium Corporation of China Limited, said its primary aluminium production in the first half of 2019 came in at 1.89 million tonnes, down 8 per cent from 2.06 million tonnes in the same period last year, according to Reuters report. Decline in aluminium prices and rise in operating costs had hit the Chinese smelters and thus their production, as per the report. As Chalco said, lower aluminium prices and higher operating costs also weighed on its net profit, which fell 14 per cent year-on-year to RMB 705.8 million during January-June. Chalco’s aluminium output level stood just ahead of Russian rival Rusal which produced 1.87 million tonnes during January-June 2019, but below China Hongqiao Group whose production clocked at 2.86 million tonnes during the said...
China’s exports of aluminium extrusions, bars and rods rose 2.75% month-on-month in July
According to Shanghai Metals Market based on the latest customs data, China’s exports of aluminium extrusions, bars and rods came in at 90,500 tonnes in July, up 2.75 per cent from 88,100 tonnes in June 2019 and 88,357 tonnes in July 2018. Depreciation in Chinese currency and healthy demand for aluminium semis outside China were the two primary reasons for this rise in July. In June, China’s exports of aluminium extrusions, bars and rods had shrunk by 8.6 per cent from May to stand at 88,100 tonnes on a stronger currency and higher SHFE/LME aluminium price ratios. On a yearly basis, however, the export amount in June was higher by some 3.7 per cent. Among total exports under five HS codes, three categories saw significant increases in July compared to a year ago. But exports of...
Indian Oil Corporation to make alumina-based battery for electric vehicles
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles. The company executives said a foreign company had been working as a partner with IOCL for the development and research of this new technology, which would be introduced in the market once all the regulatory and other approvals are in place. Currently, the company is looking out for a space around the automotive hubs like Chennai or other similar places, said the executives further. In January 2018, commercial vehicle major Ashok Leyland had signed a letter of intent with Phinery of Israel for the development of aluminium air batteries. According to industry experts, aluminium air batteries produce...
Primary aluminium inventories decline after four weekly rises; A00 aluminium ingot price falls by RMB80/t
Social inventories of primary aluminium in China have recorded a week-on-week decline today, August 29, after rising for four consecutive weeks. According to Shanghai Metals Market, the inventories across the eight major Chinese consumption areas, including SHFE warrants, have fallen by 30,000 tonnes from a week ago to stand at 1.033 million tonnes. On last Thursday, August 22, the inventories were at 1.063 million tonnes, marking a rise for the fourth straight week. The major reason for the decline in inventories today is the lowered arrivals of stocks in most regions. Since, the primary aluminium stocks arrivals have lowered in most of the regions, the inventories have registered a drop in almost all the major markets. For instance, the inventories in Wuxi, Jiangsu; Shanghai; Nanhai,...
Primary aluminium production in Germany registers a drop of 5.6% during January-June 2019: Source says
According to Gesamtverband der Aluminiumindustrie (GDA), the federation of German aluminium industry, the first half of 2019 saw a mixed bag of business activity development. While primary aluminium producers and processors had to reduce production by 5.6 and 5.4 per cent respectively, aluminium semi-finished products manufacturers increased output by 1.9 per cent year over year. Around 629,200 tonnes of raw aluminium were produced in Germany during January-June 2019, out of which 251,400 tonnes were of primary aluminium and 377,800 tonnes recycled aluminium. Also, producers of aluminium extrusions reported a decline in production in H1 2019 to 282,400 tonnes. The production of metal powder, foil, and thin strip fell as well by 3.7 per cent and 5.1 per cent respectively. Production of...
Italy’s aluminium wire import to continue to grow in 2019; France estimated to be the major supplier
Growing consumer demand towards the lightweight automobile vehicles is incessantly driving the aluminium wire market over the years. By 2024, the aluminium wire market revenue is expected to exceed US$65 million. The global low voltage cable market by overhead (conductors, fittings & fixtures, others), by underground (PVC cables, XLPE cables, cable transmission, cable joints, and others), by end-user and by region has been found contributing to the increasing demand for aluminium wires, replacing and/or being used along with copper and silver wires. {newsStudioGallery} Italy being home to some of the world's biggest low voltage cable manufacturers such as Prysmian S.P.A is expected to witness a surge in import of aluminium wires. According to the global export-import data, Italy in 2019...
Usage of recycled aluminium surged in India at 17-18% in the last three fiscals: CRISIL Research
According to a recent survey data shared by CRISIL Research, the aggregate consumption of recycled aluminium in India has surged because of low cost. While the usage of primary aluminium has logged a compound annual growth rate of 3.5 to 4 per cent in the last three years through fiscal 2019, that of recycled aluminium increased at a robust 17 to 18 per cent. As a result, the share of recycled aluminium in aggregate aluminium market in India, according to CRISIL Research survey, stands at 34 per cent as of fiscal 2019, up 800 basis points (bps) from 26 per cent three years ago. This is in line with the global trend, though the proportion is much lower compared with developed economies. Recycled aluminium offers better cost economics, said the report. For instance, the manufacture of...
Chalco’s net profit dropped by 14.1% YoY in H1 2019 on higher operating costs and lower aluminium prices
According to Reuters report, the net profit of Aluminium Corporation of China Limited, popularly known as Chalco, fell by 14.1 per cent year-on-year in the first half of 2019, attributing to higher costs that offset an increase in revenue. As per the report, Chalco’s net income came in at RMB 705.8 million during January-June, down from a restated figure of 821.6 million a year earlier. However, overall revenue grew by 15.2 per cent to stand at RMB 94.9 billion despite a 10 per cent decline in the primary aluminium segment. In the second quarter alone, Chalco’s net profit was down by 52.7 per cent year on year to RMB 260.8 million, according to Reuters calculations, while revenue was up 11.3 per cent from the year ago. Chalco said in remarks “Due to the trade friction between China and...
Hulamin to lay-off 380 employees after loss in its aluminium extrusions division in H1 2019
JSE-listed aluminium supplier Hulamin will reportedly shed some of its workforce. Around 380 employees are expected to lose their jobs as Hulamin has begun a right-sizing exercise after facing downfall in its aluminium extrusions division. Expressing deep regrets, chief executive officer Richard Jacob said it was unfortunate that the company had to consider laying off some its workforce. But since Hulamin Extrusions suffered a loss in the first half of the year, action is to be taken to improve profitability levels in the months ahead through cost reductions, explained Jacob. According to him, jobs of around 180 employees from Hulamin’s extrusion plant in Midrand and 200 employees from the plant in Pietermaritzburg will be affected by the right-sizing process. In H1 2019, Hulamin’s...
Growing demand for electric vehicles to hoist aluminium consumption in automotive sector: JNARDDC
Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) recently revealed a study that showed aluminium consumption in the automotive sector would rise in India till 2021 buoyed by the increasing demand for electric vehicles. According to the study, India’s aluminium consumption pattern will change as per the changing requirements, while achieving the demand target of 5.3 million tonnes by 2020-21. “Aluminium demand in the country is poised to log Compounded Annual Growth Rate (CAGR) of 10 per cent in the next five years, beating the global average of six per cent year-on-year growth,” the study revealed. “In the present socio-economic scenario where the world is buzzing with issues like a soaring global population, increasing carbon emission, higher energy cost and...
Nespresso with JD Logistics expands coffee capsule pick-up service in China
According to a recent report, Nespresso, partnered with JD Logistics, has expanded its coffee capsule pick-up service in china to further demonstrate its environmental responsibility. Nespresso customers in China can visit a recycling page integrated with Nespresso’s WeChat mini-programme to sign up for the doorstep recycling service. Other than Nespresso customers, any coffee drinkers can also avail the service by using the same mini-programme. They can schedule a same or next day JD courier to arrive at the door and pick up any used coffee capsules. JD courier will then deliver the used capsules to the nearest recycling plant in Beijing, Shanghai, or Guangzhou, based on users locations. The aluminium from the capsules will be separated and repurposed into novelty gift products such as...
Low-priced Chinese imports hurt Hulamin’s aluminium extrusion business: Richard Jacob
South Africa-based aluminium supplier and exporter Hulamin has reportedly held low-priced Chinese imports and rising operating costs responsible for its distressed aluminium extrusion business. Richard Jacob, CEO of Hulamin, pointed out on Friday that cheaper aluminium imports from China strained the South African market and therefore, took a toll on its business “The selling prices are down quite sharply over the last two years,” Jacob said. Richard Jacob also said, after the release of the company’s H1 2019 financial results, that Hulamin would close the Olifantsfontein factory in Gauteng and concentrate the extrusions operations in Pietermaritzburg. In the first six months ended on June 30, 2019, Hulamin’s revenue decreased by 1 per cent to R5.25 billion, while the operating profit was...
Spot alumina price continues to rise by RMB17/t; A00 aluminium price drops despite fall in inventories
According to Shanghai Metals Market, the average spot price of alumina has extended its rise further by RMB 17 per tonne to stand at RMB 2,491 per tonne, as of August 26, 2019. The alumina price started growing incessantly since August 16, ranging between RMB 2,442 per tonne and RMB 2,491 per tonne. Only on August 22, it remained restrained at RMB 2,463 per tonne. In the east, central, and north, the alumina price has increased by RMB 20 per tonne to RMB 2,500 per tonne, RMB 2,490 per tonne, and RMB 2,510 per tonne, respectively. The Australian alumina FOB price, on the other hand, continues to remain restraint at US$300 per tonne for the third consecutive day. Against the background of increased alumina price, the A00 aluminium ingot price today refused to register a growth. Even the...
Update 2019: Top 5 Aluminium Producers in the World
According to the International Aluminium Institute (IAI), the global aluminium production grew at its slowest pace in a decade in 2018, totalling at 64.34 million tonnes, up by 1.5 per cent from 2017. Most of this production occurred in the first half of the year, while in the second half did no more than flat-line. This was the weakest production performance since 2009, when the industry was hit by the collapse in prices, United States’ sanctions on Rusal, tariffs on aluminium imports, and production cut at multiple smelters. Even China, the world’s dominant producer, ran out of expansion steam last year with growth of 1.6 percent, while the rest of the world managed just 1.4 percent. In Latin America, North America, West Europe, and Africa, the aluminium production even dwindled by 15.5...
Netherlands aluminium containers export to dip 3% in 2019; USA to be the leading importer
In 2018, over 1 million tonnes of aluminium foil containers were sold globally; sales are likely to proliferate at a moderate y-o-y of over 4 per cent in 2019, as per FMI’s research. Shifting consumer patterns toward effective and sustainable formats has been identified as a key sales influencer of aluminium foil containers. According to FMI’s analysis, weight of aluminium is another key aspect enhancing the viability of aluminium foil containers across diverse end-use applications. Needless to say, many countries across the world are encashing on this growth in aluminium foil containers demand and increasing their supplies to other parts of the world. The Netherlands is also one of them, which increased its export volume in 2018. In 2019, however, the volume is expected to record a...
