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.
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...
Primary aluminium inventories in China dwindle 23,000 tonnes week-on-week
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, have extended their downfalls over the week ended on July 4 by 23,000 tonnes to stand at 1.028 million tonnes. A week ago, on June 27, the primary aluminium inventories were at 1.051 tonnes, while on July 1, the inventories were at 1.041 tonne after declining by 10,000 tonnes over the weekend. This indicates that from July 1, today’s inventories have dropped by RMB 13,000 tonnes. In Wuxi, Jiangsu; Shanghai; and Nanhai, Guangdong; the inventories have dropped week-on-week by some 18,000 tonnes, 1,000 tonnes, 15,000 tonnes, and to stand at 335,000 tonnes, 207,000 tonnes, and 231,000 tonnes, respectively. In Gongyi, Henan; Hangzhou, Zhejiang,...
Turner Access announces to wind down its aluminium tower business
Turner Access, part of the Turner Group of Companies, has reportedly announced to scale down the manufacture and supply of aluminium towers and low-level access ranges. This includes the OCTO and BETA Aluminium Towers, BetaGuard, Alphastep, Sigmadeck and Omegadeck. According to the company, they intend to cease manufacture later in the year as part of a wider strategic decision. Report says the Glasgow-based firm has also closed down its Training Centre and Aluminium Tower Rental Division. Turner Access has, however, signed an agreement with Pop Up Products Ltd. to take over its Deltadeck business. The Deltadeck will now thus be available through Pop Up Products, which specialises in aluminium access equipment and low-level powered access. ScaffMag understands that Turner Access aims to...
Renault remodelling its highest-selling car Captur crossover featuring aluminium bonnet
Renault is reportedly remodelling one of its strong-selling SUV cars Captur crossover assuring bigger size but the same weight because of the use of aluminium bonnet and plastic tailgate. Around 100mm will be added to its length, with a 33mm longer wheelbase, and 19mm to its width. The French automaker claims to have adopted an evolutionary approach to the exterior design of the car which they describe as “more modern, more muscular and more expressive, with more SUV design cues.” The interior of the new model also gets a significant makeover with extensive use of higher-grade materials and newly designed seats that lend a new dimension of quality and comfort to the vehicle. There’s now a class-leading rear seat space, aided by a sliding bench that can be adjusted by up to 16cm. There’s...
SNC-Lavalin bags new engineering and project management services contract from EGA
SNC-Lavalin, Canadian engineering, procurement, and construction services provider, has reportedly bagged a three-year Master Services Agreement from Emirates Global Aluminium (EGA) to provide engineering and project management services. The Canadian company will complement EGA’s existing resources in delivering operations capital projects at Al Taweelah and Jebel Ali Smelter Complexes, and Al Taweelah alumina refinery. As per the agreement contract, SNC-Lavalin will support EGA with integrated engineering services covering all multi-disciplinary aspects related to power plant, energy distribution, water desalination, aluminium smelting, casting and carbon plants. In addition, project management services such as construction management, cost control and planning, contract engineering, and...
A00 aluminium ingot price extends drop by RMB20/t; SMM shows downtrend to continue on sluggish alumina prices
Amidst the incessant fall in spot alumina price across China, the A00 aluminium ingot price continues to record a downfall as of today, on July 3, found Shanghai Metals Market. According to SMM data, the price today has declined by RMB 20 per tonne to RMB 13,630 per tonne, marking the fourth consecutive fall. The average prices are expected to range between RMB 13,610 per tonne and RMB 13,650 per tonne, while the spot contract to be traded at the same discount and premium prices of RMB 20 per tonne. While all the major cities have registered a drop in aluminium ingot price today, the price in Wuxi has decided to stand out by recording a hike by RMB 10 per tonne to RMB 13,660 per tonne. Gongyi has seen the highest drop by RMB 30 per tonne, followed by Linyi, Hangzhou, and Chongqing where...
Alba unveils Arab International Aluminium Conference 2019 key industry topics
Aluminium Bahrain B.S.C. (Alba), one of the 1 million-metric tonnes smelters in the world, reportedly reveals some of the key industry topics that will be addressed in the 23 rd edition of the Arab International Aluminium Conference (Arabal) 2019. Arabal will take place from November 19 to November 21, 2019, at Gulf Hotel, Bahrain. It will be hosted by Alba under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain. This year’s theme is ‘Shaping the Future of Aluminium in the Arab Region’. Arabal 2019 will shed light on a number of pressing topics like ‘impact of current economic challenges on the aluminium industry’, ‘outlook for the global aluminium industry in light of depressed LME prices’, ‘energy efficiency and its impact on energy...
Bang & Olufsen together with Saint Laurent launches two limited edition speakers featuring anodised aluminium
When a leading French luxury fashion house and a Danish high-end consumer electronics brand come together, you can expect nothing less than a unique presentation. Bang & Olufsen together with Saint Laurent has reportedly launched two limited edition, all black speakers – Beoplay A1 and Beloplay A9. With unique design and craftsmanship, these two speakers seem to have taken the music buffs a step ahead. The multi-room wireless speaker Beoplay A9 is built up on iconic design with black, anodised, mirror-black aluminium legs. It is sleek and offers smooth controls with just a gentle glide of your hand. The speaker can be connected to any music streaming service of your choice, and for a more immersive experience, it can be paired with more speakers. The device supports Chromecast, Bluetooth...
