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.
France’s aluminium scrap export expected to grow 3% YoY in 2019; Italy and Spain to remain the leading importers
France is one of the key growth markets in the European aluminium industry. Packaging, building, and automobile are some of the key sectors that drive the aluminium consumption in France and generate a substantial amount of scrap every year. The highest recycling percentages can be seen in the construction and transport sector of up to 95%, while the packaging sector is equally growing as well, due to the increased uses of foils and cans. The average European car contains over 130 kilograms of aluminium and this level is increasing which is also boosting the amount of end-of-life aluminium scrap generation from the automotive sector. So, if we take a look at the trend of aluminium scrap export by France, we can see that the country has been recording an incessant rise in its scrap export...
Aluminium light alloy yachts specialist Baglietto launches its first ever largest vessel
On Saturday, July 6, Italian yard Baglietto launched its 55-metre motor yacht named Severin°s. It is the largest vessel ever built by Baglietto. Also known as hull No. 10225, the vessel reflects the yard’s traditional Italian style, along with the lowered gunwales and side air vents. Francesco Paszkowski Design has designed the interior of the yacht in collaboration with architect Margherita Casprini. Baglietto specialises in the construction of aluminium light alloy yachts ranging between 35 and 50 metres in length and steel and light aluminium alloy displacement yachts above 40 metres. Severin°s main deck is dedicated to family, with a spacious master suite and two guest cabins. On the lower deck, there are two additional guest cabins, cabins, with a crew mess room and six crew cabins...
Napco appoints new CFO with over 10 years of experience in aluminium industry
Oman’s National Aluminium Products Co. (Napco) announced in a missive to Muscat Securities Market that it appointed Raees Ahmed, a member of Institute of Cost and Management Accountants (ICMA) of Pakistan, as its chief financial officer. Besides being a member of ICMA Pakistan, Mr. Ahmed has 11 years of experience in the aluminium extrusion industry. Before joining Napco, he worked as a manager of accountants at Forland-Foton JW Auto Park, said Napco’s chief executive officer Ihab Mouallem. National Aluminium Products Co. was established in 1984 and is one of the leading extruders of aluminium profiles in the GCC market. Located in the Rusayl Industrial estate in the Sultanate of Oman, NAPCO offers a wide range of aluminium profile extrusions in finishes that suit functional modern design...
China’s NEV sales up 38.7% YoY in June; Total sales in H12019 stand at 577,000 units
China Passenger Car Association (CPCA) data shows that China’s new energy vehicle (NEV) sales in June recorded month-on-month growth by 38.7 per cent and year-on-year by 98.7 per cent to stand at 134,000 units. In the previous month as well, China’s new energy vehicle (NEV) sales had registered a year-on-year rise by 5.4 per cent to come in at 97,000 units. This had brought the total sales of new energy vehicles during January-May stood at 442,000 units, up 58 per cent from the same period last year. With the sales in June, China’s total sales of new energy vehicles during the first half of 2019 (January to June) stood at 577,000 units, with a year-on-year increase of 65.9 per cent. Data from CPCA also shows that China’s retail sales of passenger cars in June stood at 1.8 million units,...
Sainsbury’s to roll out reverse vending recycling scheme to collect plastic bottles and aluminium cans
The supermarket giant Sainsbury’s at its Braehead store in Glasgow is reportedly carrying out trials for its reverse vending recycling scheme, which allows customers to deposit plastic bottles of any size up to 3 litres and aluminium drink cans in a machine in exchange for a coupon worth £5 per item towards their shopping. With the beginning of this initiative, Sainsbury’s store in Glasgow will be the third in the UK to offer this service. Last month, two stores in Lincoln and Hull began offering the same service. Customers can deposit up to a total of 500 plastic bottles and aluminium drink cans per visit, which means they can save up to £25 on shopping. In this regard, Judith Batchelar, director of Sainsbury’s Brand, said: "We're delighted to offer a new way to help our customers...
South32 Worsley Alumina submits revised proposal to EPA for bauxite mine expansion
According to a recent report, South32 Worsley Alumina has submitted a revised proposal to the Environmental Protection Authority (EPA) stating its wish to expand Worsley bauxite mine in the South West of Australia. In the revised proposal, the Australian mining company has also mentioned that the expansion of the bauxite mine would require two river crossings over the Hotham River and involve clearing up to 7119.5 hectares of native vegetation. The updated proposal also includes the development of a contingency mining area and maintenance work at the refinery, as well as the development of associated mine and support infrastructure. The Environmental Protection Authority has kept the proposal open for masses’ suggestions and advice whether the proposal should be assessed and at what...
Heesen unveils new 49.8-metre superyacht featuring aluminium fast displacement hull
Dutch shipbuilding company Heesen Yachts has recently unveiled 49.8-metre long luxury yacht Boreas at its own shipyard in Oss. The vessel, based on the Nova Plus platform, is comprised of an aluminium fast displacement hull developed by Van Oossanen Naval Architects and an aluminium superstructure. Boreas has an accommodation capacity for 12 guests split between six staterooms, including a main deck owner’s suite and five further guest cabins below decks, and has crew quarters for up to 9 staffs. Boreas will remain at the yard for commissioning before departing to Hellevoetsluis for sea trials. She will be delivered to her owner next month. According to the report, the owner worked closely with Mark Whiteley Design to create a contemporary and inviting interior. RH400 and Aquarius by...
JuneYao Group develops new aluminium alloy capable of reducing weight of passenger jets
Shanghai-based JuneYao Group has reportedly developed a world-leading aluminium alloy technology, a nano-ceramic aluminium alloy, which is expected to help China’s homegrown c919 passenger jets reduce 15 per cent of weight in the future. Besides being able to reduce weight, the new alloy is also capable of increasing the strength of traditional aluminium alloys by about 30 per cent. For foreign competitors, it may take one or two decades to catch up with such technology, JuneYao Group’s president Wang Junhao said at a conference on Sunday, July 7, 2019. Emphasising the importance of reducing airplane weight, Junhao also said that based on the oil price in 2015, losing one kilogram of a jet’s weight would be equivalent to saving 12,000 yuan in fuel consumption. Wu Guanghui, the chief...
Turkey’s aluminium wire import to extend decline in 2019 by 6%, while import cost to stay flat
The global export-import data estimates that aluminium wire import by Turkey will record a marginal drop this year from 23,387 tonnes in 2018 to 22,012 tonnes, down 6 per cent. The data shows that the country’s aluminium wire import had even dropped last year from 38,905 tonnes in 2017 to 23,387 tonnes. The decline was by 40 per cent year on year. The data also indicates that in the last three years Turkey’s aluminium wire import only registered a rise in 2017 from 18,449 tonnes in 2016 to 38,905 tonnes, up 110 per cent. As far as Turkey’s aluminium wire import cost is concerned, it is likely to remain flat in 2019 at US$63 million, despite growth in import volume. The cost was down last year as well from US$92 million in 2017 to US$63 million, in tandem with the decline in import volume....
Aluminium inventories in China drop by 6,000 tonnes and so the price of A00 aluminium ingot by RMB40/t
Shanghai Metals Market found social inventories of primary aluminium further inched down by 6,000 tonnes on Monday, July 8, across eight major consumption areas in China, including SHFE warrants. The inventories are thus standing at 1.022 million tonnes compared to 1.028 million tonnes on Thursday, July 4. Week-on-week, the inventories dropped 29,000 tonnes from 1.051 on June 27, 2019. Production cut at aluminium smelters and weaker arrivals at warehouses have been consistently dragging down the inventories. Since June 3 until now, the inventories recorded decreases by over 155,000 tonnes, found SMM data. On July 8, the inventories in Wuxi, Jiangsu; Shanghai; and Gongyi, Henan dropped 6,000 tonnes, 3,000 tonnes, and 2,000 tonnes to stand at 329,000 tonnes, 204,000 tonnes, and 105,000...
US drags India to WTO alleging customs duties on 28 American products violating international trade norms
According to a recent report, the United States on Thursday, July 4, lodged a complaint to the World Trade Organisation against India’s move to impose customs duties on 28 American goods, alleging the decision violates international trade norms. Last month, the Indian government had announced an increase in customs duties on US products ranging from almond, pulses, and walnut. This move was in response to the United States’ decision of imposing 25 per cent higher tariff on Indian steel and 10 per cent on aluminium. In average, India exports steel and aluminium to the US worth US$1.5 billion every year. Initially, India had proposed to impose higher customs duties on 29 US items but later on removed artemia from the list. Before applying the duties, India waited for a long time hoping to...
North China to continue witnessing slow trades of aluminium ingots in the medium term: SMM
Shanghai Metals Market believes aluminium ingots trades are likely to continue at a slow pace across the northern Chinese markets in the medium term. The current adequate supplies of aluminium ingots, the prospect of poorer downstream consumption in a slow season of July-August, and new aluminium capacity are some of the reasons for the estimated slow ingots trades. As more cargoes arrived and downstream producers cut production in a slow season, transactions of aluminium ingot across markets in the north, such as Shandong, Henan, and Tianjin, weakened considerably from the previous month, found Shanghai Metals Market survey on July 4. Aluminium ingots sold in the north-eastern Chinese markets are mainly supplied by smelters in Inner Mongolia. SMM learned that some new, recovered...
Bosnia’s aluminium smelter Aluminij Mostar attracts EGA after Glencore
Bosnia’s regional energy and mining minister said on July 4 that Emirates Global Aluminium (EGA) was reportedly showing interest in Bosnia’s debt-laden aluminium smelter Aluminij Mostar. Aluminij has been in trouble over years now as debt accumulated because of high alumina and electricity prices. Nermin Dzindic, the Federation energy and mining minster, said EGA would assess Aluminij’s value first before starting talks with the latter’s shareholders about a possible takeover. Aluminij’s 44 per cent of share is owned by the Federation Government while the remainder by the Croatian government. Dzindic also said that EGA pledged to double the output at Aluminij which is currently at13,000 tonnes a year. EGA was ready to negotiate the power purchase deal with Bosnia’s three power utilities...
Glencore interested in buying Rio’s aluminium assets in Iceland: Sources say
According to the Reuters report, Glecore is one of the companies that have shown interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden, and the Netherlands for up to $350 million. Rio had started the assets sale process in late 2018 with the help of French investment bank Natixis after Norsk Hydro withdrew itself from buying them. According to Hydro, the reason was the delay in getting the European Commission’s approval. As an aluminium smelter in Iceland, Rio Tinto has put on the block a 53 per cent stake in a Dutch anode facility and 50 per cent of the shares in a Swedish aluminium fluoride plant. Both anode and aluminium fluoride are used as raw materials in aluminium production. Now, as the volatility caused by the US sanctions and supply reduction at Hydro’s massive...
Alumina price drops by RMB15/t; A00 aluminium ingot price up by RMB50/t due to tight supply
Shanghai Metals Market found the average spot price of alumina fell today, on July 5, by RMB 15 per tonne to RMB 2,723 per tonne, after remaining restrained on July 4. Over the entire week, the alumina spot price showed a downward trend ranging between RMB 2,786 per tonne, as of July 1, and RMB 2,723 per tonne, as of July 5. In the east and central, the alumina price today has plunged by RMB 20 per tonne to RMB 2,730 per tonne and RMB 2,720 per tonne, respectively, while that in the north and south, the price has inched down by RMB 10 per tonne and RMB 15 per tonne to stand at RMB 2,720 per tonne and RMB 2,735 per tonne. The Australian alumina FOB price has dwindled as well by US$3 per tonne to US$315 per tonne. Amidst the decline in alumina spot price, the price of A00 aluminium ingot,...
Toaste Ale raising fund to switch to aluminium cans for its craft beer in UK
Toaste Ale, an award-winning craft brewery based in London, is reportedly raising £35,000, in a bid to make a move from glass bottles to 330-millilitre aluminium cans. The decision to switch to aluminium cans followed research conducted by Advance London, part of the London Waste and Recycling Board. The research concluded that cans are a more efficient means of packaging beer over glass bottles. The Advance London study also found that aluminium cans are more readily recycled than glass bottles. In the United Kingdom, approximately 72 per cent of aluminium cans is recycled compared to 67.7 per cent of glass bottles. Moreover, a large number of consumers are inclining towards cans when it comes to craft beer. In 2018, 25 per cent of all UK craft beer sales were in cans. Toast Ale claims...
Bahrain’s aluminium powder and flakes export estimated to dip 14% in 2019
Bahrain along with producing primary aluminium has been focusing on expanding its downstream production over the years. Enhanced capacity at Bahrain’s largest industrial facility is set to boost downstream manufacturing opportunities and increase industry’s share of GDP. Expansion of Aluminium Bahrain’s (Alba) aluminium plant known as Line 6 is expected to create further significant opportunities in downstream aluminium manufacturing in the kingdom. Bahrain produces aluminium powder and flakes for surface treatments and for 3D printing. Let us analyse the aluminium powder and flakes export patterns by Bahrain in over the past four years to understand the market demand and domestic consumption trends. In 2017, Bahrain’s aluminium powder and flakes export had recorded a year-on-year surge...
Metro Mining records improved bauxite production and shipment through June quarter
Metro Mining reportedly ramped up its bauxite production and shipping from Bauxite Hills Mine in Far North Queensland through the June quarter. According to the report, the company reached the budgeted operating rates and generated consistent results on a daily basis. Metro experienced some unexpected adverse swell conditions in late May, which, however, gradually improved and returned to expected conditions around the middle of June. Then on, the Australian mining company’s daily ship loading rates averaged over 15,000 wet metric tonnes (WMT) per day, including a daily record of 20,853 WMT. In the month of April, Metro’s bauxite mining had averaged at 124,000 tonnes, which in May and June increased to 329,000 tonnes and 427,000 tonnes. With that, Metro’s total bauxite mining in June...
