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.
Italy’s aluminium tubes and pipes export to record slight hike in 2019 after YoY fall last year
The use of aluminium tubes and pipes in the building construction sector is found incessantly increasing. For having a distinctive combination like versatility and affordability, the demand for aluminium extruxed products seems to be unstoppable. Other advantages like high strength to weight ratio, air tightness, corrosion resistance, and receptiveness are making aluminium pipes and tubes even more popular in building construction. To cash on this, Italy, on the other hand, is leaving no stone unturned to increase its aluminium tubes and pipes export volume as well as value, found global export-import data. In 2018, even though the country’s export amount had dwindled but the value remained firm. By exporting 24,878 tonnes of aluminium tubes and pipes, Italy had yielded around US$90...
Ardagh to launch 187ml slimline aluminium wine can in Q1 2020
Ardagh Group will reportedly introduce a new slimline 187ml wine can in the first quarter of 2020. Made of fully-recyclable aluminium, the airtight, lightproof, and shatterproof can is specially designed to present and protect wine and wine-based drinks. In what the company describes as a Europe first for beverage packaging, this can is the latest addition to Ardagh’s pioneering Wine Can range. Since the capacity is 187ml, which is quarter of a standard 75cl bottle, this can makes the perfect size for those who want to enjoy a single drink with a meal or while on the go. Ardagh claims that single-served European wines are either available in bottles, boxes or multipack cans in the US but now they will be available in cans in the US in single packs, which will be available at airports,...
Canada and Quebec awarding $2.8 million to FjordAl Aluminium for its new aluminium rod manufacturing plant
According to a report, the governments of Canada and Quebec are providing a financial assistance of $2.8 million to FjordAl Aluminium for starting up an aluminium rod manufacturing plant in the Jonquière sector of Saguenay. The total value of the project is $6.6 million and will expectedly create 20 new jobs. The Government of Canada is awarding a repayable contribution of $1 million under CED's Quebec Economic Development Program, while the Government of Quebec's assistance consists of two loans - $990,000 from Investissement Québec's own funds and $790,000 from the ESSOR program by the Ministère de l'Économie et de l'Innovation. Richard Hébert, Member of Parliament for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Businesses and Export Promotion, said: "The...
Aluminium fluoride prices soared in June backed by tight supplies: SMM
Shanghai Metals Market found that the prices of aluminium fluoride across Chinese markets inched up in June, backed by the suspension of fluoride mining in Inner Mongolia that buoyed the prices of raw material used in producing aluminium fluoride. AF-1 aluminium fluoride was quoted above RMB 10,000 per tonne at the end of June, up by some RMB 1,000 per tonne from the price at the beginning of the month. However, no deal is done yet at that price level. Tight supply in the market is one of the reasons that led to the increase in fluoride prices by some RMB 200 per tonne to RMB 3,300 per tonne on a Hunan delivery-to-plant basis. Hunan, together with Henan and Shandong are the major aluminium fluoride-making areas in China. Seaborne materials, on the other hand, are not likely to help to...
Alumina price in China begins the month with a decline of RMB55/t, A00 aluminium ingot price drops as well
The average spot price of alumina is found to inaugurate the month of July with a decline of RMB 55 per tonne to RMB 2,786 per tonne, according to Shanghai Metals Market data. This marks the second consecutive fall in alumina spot price, followed by a drop on 28th of June from RMB 2,865 per tonne to RMB 2,841 per tonne. With the decline today, the average spot price of alumina has recorded a month-on-month fall by RMB 292 per tonne, as the price of alumina on June 3 was at RMB 3078 per tonne. But on a quarterly basis, today’s price is standing higher by RMB 114 per tonne from RMB 2,672 per tonne on April 1, 2019. As the decline in alumina spot price has touched upon all the major markets in China today, the price in the east is standing at RMB 2,800 per tonne after inching down by RMB 50...
Heesen delivers eighth vessel in 5000 Aluminium Class - ‘Masa’
Heesen Yachts’ eighth vessel in 5000 Aluminium Class Masa has been reportedly delivered, followed by two-days of sea trials in May. The yacht, which was previously known as Project Aster, had hit the water for the first time in April and was christened Masa , meaning “my diamond”. As Heesen revealed, the vessel exceeded the contractual top speed of 23 knots. The design courtesy of Masa’s exterior, which features key details including a "pelican beak bow" and "sporty mast", goes to Frank Laupman's Omega Architects. Her all-aluminium, semi displacement hull, meanwhile, has been designed and engineered by Heesen's in-house team, while the sub-500GT interior by Cristiano Gatto. The decor of the yacht takes inspiration from the interiors of other yachts in the 5000 Aluminium Class, with key...
A00 aluminium ingot price in China dwindled over the week despite three intermittent hikes
As the week has come to an end, let’s take a quick recap at the movements of aluminium price and the prices of raw materials over the week across China. According to Shanghai Metals Market, the A00 aluminium ingot price started the week with a decline from RMB 13,890 per tonne to RMB 13,830 per tonne, as of June 24, despite the continued slump in primary aluminium inventories. On June 24, the inventories across eight major consumption areas, including SHFE warrants, were at 1.061 million tonnes after declining by 20,000 tonnes over the weekend. Following that, the A00 aluminium price rose for the next three consecutive days to stand at RMB 13,930 per tonne, as of June 27, backed by the tight supplies and lower stock arrivals which also resulted in a further fall of inventories to 1.051...
Ghana government committed to develop bauxite industry, says the Minister
The Minister of Lands and Natural Resources, Mr. Kwaku Asomah Kyeremeh, has reportedly assured the management of the Ghana Bauxite Company (GBC) that development of the bauxite industry is the government’s one of the top priorities and commitments. For that reason, the government would take every measure to ensure the safety of all workers at the Bauxite Company. The Minister said this when he visited the GBC in Awaso on Wednesday, June 26, to have discussions with the management and staff of the company, following a protest by the workers for improved working conditions. The Minister ensured the workers on behalf of the government for good working conditions and living wages. He called on both staff and management to return to the negotiating table and come out with a satisfactory...
Canadian aluminium manufacturer Aluminerie Alouette resumes full production
Canadian aluminium manufacturer Aluminerie Alouette has reportedly finished a major step in its intensive relining programme on Friday, June 28 and started 140 AP40 pots in 180 days in the frame to move from AP40LE to AP40 Technology. Aluminerie Alouette is thus, back with 594 pots in operation going on track to achieve 600,000 tonnes per annum production in coming years. "This achievement is underlining great team work, including contractors. It is a great job, well done," quoted Patrice L’Huillier, CEO and President. He also mentioned, "After visit of Prime Minister J. Trudeau in May 21st in Aluminerie Alouette to announce removal of US tariffs on Canadian Aluminium & Steel, we have been glad to get the recent announcement about Natural Gas access to North Coast of Quebec (where...
Austria’s 2019 aluminium cans export to continue declining by 10% YoY; Poland to be the leading importer
According to the global export-import data, Austria’s aluminium cans export is seeing a drop over the years after its last rise in 2017 from 15,264 tonnes in 2016 to 18,237 tonnes. In 2018, the country’s aluminium cans export volume had stood at 17,938 tonnes, down 1.63 per cent year on year. In 2019, the decline is likely to extend further to 16,118 tonnes, down 10 per cent from the previous year. However, despite the sluggish export amount of aluminium cans by Austria in 2018, the country’s export value in the said year had recorded a growth of 25.33 per cent from US$75 million in 2017 to US$94 million. On the other hand, in 2017 when the export volume had increased from the previous year, the value registered a drop from US$79 million in 2016, down 5.06 per cent. This year, in tandem...
Bosnia’s Federation Government in talks with Glencore on ailing aluminium smelter Aluminij
On Wednesday, June 26, officials from Bosnia’s Federation Government conducted a meeting with British-Swiss company Glencore, where they discussed on finding ways to rescue ailing aluminium smelter Aluminij and also the establishment of a new company, said the government in a statement. The talks focused on possible restructuring of Aluminij, which would involve establishing a consortium of companies led by Glencore and comprising Bosnian aluminium processor Feal and local companies PPD and Erdal. Energy minister Nermin Dzindic said Glencore was ready to invest but did not reveal the amount in the meeting. Last week, local news daily Dnevni Avaz reported that Aluminij would require more than 500 million marka to survive. The Federation’s Prime Minister Fadil Novalic said in the government...
Chalco selects Rizhao Port as the operator of Boffa Port project in Guinea
China’s Rizhao Port Group is reportedly chosen by Aluminium Corporation of China (Chalco) as the operator of the Boffa Port project in Guinea. The Boffa Port, part of the Boffa bauxite project, has a capacity of handling 12 million tonnes of bauxite per year. The port is expected to commence its operations in December this year. In June 2018, Chalco had signed an agreement with the government of Guinea to develop the Boffa bauxite project in the west of the country. The company was granted mining licenses for 15 years and renewable for next 15 years on expiry. For hauling bauxite from Guinea to China, Chalco had proferred a long-term shipping contract to the Chinese state-run shipping giant China Ocean Shipping Company, popularly known as COSCO or COSCO Group. Chalco already ordered a...
Former CEO of Aludium Arnaud de Weert joins GFG Alliance for its aluminium division
According to a report, the former CEO of Aludium Arnaud de Weert has recently joined Mr. Sanjeev Gupta’s international business GFG Alliance as a chief executive of upstream activities for its fast-growing aluminium division. After being worked with several esteem companies such as Novelis Inc., Alcan EP, Aludium, Mr. de Weert is one of the leading names now in the international metals and manufacturing industry. Immediately prior to his role at Aludium, Mr. de Weert was an operating partner at Atlas, a US-based private equity firm which bought Aludium assets from Alcoa. Before joining Atlas, he was North American President for Owens-Illinois- one of the world’s largest glass bottle makers and previously he’d held tops posts at global aluminium producers Constellium and Novelis. Mr. Weert...
Primary aluminium inventories dwindle 30,000 tonnes W-o-W; A00 aluminium ingot price rises by RMB10/t
Followed by the previous fall on June 24 to 1.061 million tonnes, the primary aluminium inventories today, on June 27, have come in at 1.051 million tonnes, according to Shanghai Metals Market data. This indicates that the inventories have declined by 10,000 tonnes over the past three days across eight major consumption areas, including SHFE warrants. A week ago, on June 20, the primary aluminium inventories were at 1.081 million tonnes, which shows that the inventories today dropped by 30,000 tonnes week-on-week. In Wuxi, Jiangsu; Shanghai; Hangzhou, Zhejiang; and Chongqing; the inventories have dropped week-on-week by some 21,000 tonnes, 3,000 tonnes, 12,000 tonnes, and 1,000 tonnes to stand at 353,000 tonnes, 60,000 tonnes, and 22,000 tonnes, respectively. In other major markets like...
Dongfeng Automobile plans to set up NEV supply chain fund of RMB 1.2 billion
Chinese automaker Dongfeng Automobile Co. Ltd. (DFAC) is reportedly planning to set up an industrial fund, focusing on new energy vehicle supply chain, in association with Beijing Ruihe Xinye Investment Co., Ltd. (R&H) and the state-owned Hanjiang Investment Holding. The fund, referred to as Dongfeng Hanjiang Fund, will involve in a total investment of RMB 1.2 billion. Dongfeng Automobile while announcing its fund setting plan on June 22 clarified that the fund would principally support the automaker’s NEV operation programme in terms of the automobile marketing terminal. The automaker at present owns three new energy passenger vehicle models - the Junfeng E11K, the Junfeng ER30, and the Junfeng E17. In a bid to increase the NEV sales, the company has formed a subsidiary firm Dongfeng New...
Henan province expects to boost aluminium products capacity to over 12 million tonnes by 2020
Henan province, China’s key aluminium production hub, has reportedly planned to cap its 2020 aluminium smelting capacity at 2.5 million tonnes per annum while shifting its focus on producing high-value aluminium products, reported the provincial government on Wednesday, June 26. The provincial government on its website explicitly mentioned that the province located in Central China is estimated to ramp up its aluminium products capacity to over 12 million tonnes per annum by 2020, in line with the mainland’s supply-side reforms and industry restructuring to focus more on value-added products. At present, Henan’s annual alumina producingcapacity is at 12 million tonnes, while aluminium and aluminium products 3.16 million tonnes and 10 million tonnes or more, according to data shared by the...
China’s aluminium scrap import in May recorded 15.81% rise month-on-month
According to Shanghai Metals Market, China’s aluminium scrap import increased 15.81 per cent month-on-month and 57.8 per cent year-on-year in May to come in at 177,200 tonnes. Importers’ rush to move the seaborne scrap metal into domestic markets before import restrictions on July 1 resulted in this month-on-month rise in China’s aluminium scrap import. In April, the country had imported 153,000 tonnes of aluminium scrap, 21.6 per cent higher from 126,000 tonnes in March. This indicates that China’s aluminium scrap import increased month-on-month from March to May 2019. Imports in April had increased 37.4 per cent to 102,000 tonnes through general trade, the highest in 13 months, but decreased through processing trade by 7.2 per cent year-on-year to 51,000 tonnes. During January-February,...
Alba’s Line 6 expansion project likely to be completed by July 31, 2019
According to a recent report, Alba’s Line 6 expansion project is expected to be completed by July 31, 2019. The news came after the company’s CEO Tim Murray revealed the due date on the sidelines of the launch of Alba’s special summer Safety Campaign. In mid-April, Alba had started an additional 106 pots in Line 6 expansion, which brought a total of 212 pots in function, equivalent to 50 per cent of Line 6 production capacity. Tim Murray, CEO of Alba, said in an interview to Oxford Business Group’s online broadcasting channel, that once the state-of-the-art Line 6 expansion project is complete, it will boost capacity at the smelter by 540,000 tonnes, producing a positive knock-on effect on the national economy. “Today Alba and the whole industry is about 12% of GDP. With Line 6, the...
