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.
Primary aluminium production in China from Jan-May plunges 1.3% YoY; downtrend likely to continue till June
According to Shanghai Metals Market data, the production of primary aluminium during the first five months of 2019 in China stood 1.3 per cent down from a year ago. The total production thus came in at 14.56 million tonnes. In May separately, the production was at 3.04 million tonnes, down 1 per cent year on year. Lower operation capacity despite a build-up in May was one of the major factors responsible for the decline in primary aluminium production, showed SMM data on Monday, June 10. By the end of May, the domestic primary aluminium capacity in operation was at an annualised 35.81 million tonnes, up 643,000 tonnes from the end of April but down 377,000 tonnes from a year ago. New capacity and recovery at smelters in Gansu, Yunnan, Guangxi, and Qinghai lifted the operating capacity...
Chinese A00 aluminium ingot price continues to fall to RMB14020/t; prices of aluminium alloys also decline
According to Shanghai Metals Market, the price of A00 aluminium ingot has recorded further down over the weekend ended on June 10 from RMB 14,060 per tonne to RMB 14,020 per tonne. This indicates that the A00 aluminium ingot price has shrunk by RMB 40 per tonne. The average prices are expected to range between RMB 14,000 per tonne and RMB 14,040 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB 40 per tonne. Since the beginning of the month, the aluminium ingot price had been registering a decline ranging between RMB 14,170 per tonne and RMB 14,020 per tonne and thus, the price is now standing lower than RMB 14,170 per tonne in the same period last month. Today, the ingot price in Hangzhou has recorded a maximum decline in compare with other Chinese cities. The...
Dongfeng Maxion Wheels hold ground-breaking ceremony at its aluminium wheels plant in Hubei
The world’s largest wheel manufacturer Maxion Wheels, with new joint venture partner Dongfeng Motor Parts and Components Group, reportedly held a ground-breaking ceremony yesterday, on June 6, at their future site of 22,000 square metres plant in Suizhou, China. In mid-March 2019, Maxion Wheels had entered into a joint venture agreement with Dongfeng Motor Parts and Components Group to build a new two-million per year capacity aluminium wheels manufacturing plant in Hubei Province, China, with series production scheduled for second half 2020. The new legal entity Dongfeng Maxion Wheels had invited guests including government officials, company dignitaries, customers, suppliers and associates to grace its new milestone. Maxion Wheels chief executive officer Pieter Klinkers said, "With our...
FK Group acquires aluminium fabrication specialist Premo Fabrications
The United Kingdom-based leading full building envelope specialist FK Group has reportedly acquired architectural aluminium manufacturer Premo Fabrications. Fk Group and premo Fabrications have worked together for many years on many prestigious projects and have shared visions. FK Group believes that this acquisition will bring in a positive impact to the company’s business, which already has a turnover in excess of £100 million. FK Group in the financial year ended on March 31, 2019 recorded a turnover of £107 million generating a pre-tax profit of £2.5 million. This year looks positive as well, with £80m already contracted and another £20m in the order book for 2020/2021. Chief Executive Francis Keenan said, “Our pipeline for 2019/2020 is solid with over £80m worth of projects secured,...
Lanjigarh Unit of Vedanta Aluminium observing World Environment Week from June 5-12
To commemorate the World’s Environment Day, Vedanta Aluminium, Lanjigarh unit, is celebrating the World Environment Week from June 5 to June 12. Keeping the theme of the year in mind – ‘Tackling Air Pollution’, the company is organising mass plantation drives, sapling distribution and other competitions to ensure mass education on preserving air quality. Vedanta employees, their family members, associate partners and local community members are taking active participation in the event. The mass plantation drive was held on the day of World’s Environment Day, initiated and driven by the employees of Vedanta, along with the medical staff of Vedanta Hospital to the surrounding villages. At the massive sapling distribution ceremony, a total of 1,800 saplings were planted and distributed with...
France’s bauxite import to increase 10% in 2019 after remaining flat last year
The global bauxite mining market is estimated to have been valued at US$ 12,423.8 million in 2018 and is projected to grow at a value CAGR of 6.6% and reach a value of US$ 20,661.9 million by the end of 2026. Moreover, the global market is anticipated to create total incremental dollar opportunity of US$ 8,238.1 million between 2018 & 2026. With the global bauxite mining market enhancement, France’s import of the aluminium ore is estimated to grow this year, according to the global export-import market. In 2019, France is likely to import around 1.6 million tonnes of bauxite, up 10.34 per cent from 1.45 million tonnes in 2018. The import amount last year had remained almost flat compared to 2017 when France had imported around 1.48 million tonnes of bauxite. In 2016, France’s bauxite...
UAE’s aluminium bar rods and profiles import to plunge 13% in 2019; Oman to be the leading source
Like many other nations, the United Arab Emirates is increasingly using aluminium semi-finished products in the form of rolls, bars and rods in the building and construction industry. Thanks to the characteristics and properties of aluminium that have led to revolutionary and innovative changes in building techniques and architectural and engineering projects. In 2018, the United Arab Emirates had imported a significant volume of aluminium bar rods and profiles, amounting to 50,541 tonnes in total. This amount was higher from the previous two years, as in 2016 the country had imported 37,177 tonnes while in 2017 around 35,201 tonnes. This indicates that the import volume in 2018 was 36 per cent up from 2016 and 44 per cent from 2017. However, in 2019, the country’s import amount of...
Ten tonnes of trash including aluminium ladders and cans collected in Nepal for recycling
To commemorate the World’s Environment Day yesterday, on June 5, some ten tonnes of garbage including aluminium ladders and cans were collected in Nepal for recycling, said Nepali officials. A team of fourteen men was sent by the government for six weeks to scour for litter from base camp to Camp 4 - nearly 26,300 feet up to collect empty cans, bottles, plastic and discarded climbing gear. The bags of trash arrived at Kathmandu on road and air and then handed over to a local recycling company. They will be divided manually into different materials and then recycled accordingly. “We collected (the trash) but managing it is also very important,” Dandu Raj Ghimire, chief of Nepal’s tourism department, told reporters. “Usually there is a big volume of metal, aluminium, glass and heavy and...
Aluminium billet inventories shrink by 14,000 tonnes over the week
According to Shanghai Metals Market, aluminium billet inventories in China have extended fall over the week ended on June 6, as significant deliveries have yet to arrive at warehouses. SMM data shows that the stocks of 6063 aluminium billet across five major consumption areas have decreased today by some 14,000 tonnes to stand at 63,100 tonnes. The decline in billet stocks thus, records higher today compared with May 30 when the stocks had dropped only by 1,200 tonnes. In Foshan, Guangdong, the aluminium billet inventory has dropped by some 7,900 tonnes from the last week to stand at 27,000 tonnes, while that in Wuxi, Jiangsu and Huzhou, Zhejiang has declined by some 6,000 tonnes to stand at 7,200 tonnes and 2,500 tonnes to come in at 7,500 tonnes. In Nanchang, Jiangxi, the inventory,...
Nyinahin residents show resentment over Ghana Government’s plans to mine bauxite
Nyinahin residents and the surrounding communities in the Ashanti region in South Ghana believe that bauxite mining in that area will cause serious harm to their lives and thus, reportedly expressed dissatisfaction with the government’s aluminium ore mining plans. The residents claimed that the government neither engaged the leaders of the communities in any dialogue related to their plans nor did they communicate how the mining activity under the $2 billion Synohydro deal would benefit community members. Research shows that bauxite mining at Nyinahin could last for over 150 to 300 years, which is significantly longer than at Atewa, where according to the research bauxite can be mined for 30 years. Also, the estimated impact of mining at the former place is likely to be less damaging than...
Italian shipyard unveils Classic 108 yacht model featuring steel hull and aluminium superstructure
Italian shipyard Ocean King has reportedly unveiled the model of Classic 108 yacht, featuring a steel hull and lightweight aluminium superstructure. This sleek 340 GT explorer yacht with an overall length of 34 metres has a layout spread out across four decks and five staterooms. The exterior of the vessel, designed by VYD Studio of Trieste, benefits from enormous outer deck space with multiple separate sunbathing and seating areas, while the interior infused with the right amount of freshness and radiance. The tender can be tucked away in a garage which is convertible to a beach club so as not to encroach on deck usage. Paolo Dose from VYD Studio commented, “The 108 offers an aggressive and muscular look without compromising the essential elements of futuristic design. With a wide-beam,...
Metro Mining’s new director shows faith in company’s bauxite strategy
Metro Mining Limited’s new non-executive director Fiona Murdoch has reportedly demonstrated her faith in the company’s bauxite strategy while making a first purchase in the company of 150,000 ordinary shares on June 5 for the total value of $20,050. Murdoch has more than 28 years of experience in resources and infrastructure sectors in Australia and internationally. Her mining sector experience includes senior operational roles with AMCI investments, MIM Holdings, and Xstrata Queensland. Last month, Metro Mining chairman Stephen Everett and managing director and CEO Simon Finnis had addressed shareholders on the company’s successful transition from developer to the operator. The company noted that bauxite production in 2018 was as per the plan; even the production guidance was met with...
Hydro’s underlying EBIT stands down in Q1 of FY2019-20 on lower production and higher raw materials costs
Norsk Hydro in the financial report of the first quarter of FY2019-20 reportedly posted that its underlying earnings before financial items and tax came in at NOK559 million, compared with NOK3147 million in the same quarter last year. This sharp decline in underlying earnings reflects lower realised aluminium prices, higher raw materials costs, and the effects of the production curtailment at the Alunorte alumina refinery. Underlying EBIT for bauxite and alumina stood down from NOK741 million in Q1 2018 to NOK153 million in Q1 2019, while EBIT for primary aluminium declined from NOK823 million in Q1 2018 to NOK771 in Q1 2019. Underlying EBIT for rolled products and extruded solutions decreased as well, from NOK232 million in Q1 2019 to NOK138 million in Q1 2019 and from NOK 734 million...
Bauxite (6.0≤Al/Si＜7.0)Henan climbs RMB20/t while other input costs remain muted
According to Shanghai Metals Market, the prices of Bauxite (6.0≤Al/Si＜7.0)Henan and Bauxite (4.5≤Al/Si＜5.5)Henan have recorded a hike by RMB 20 per tonne each to stand at RMB 550 per tonne and RMB 440 per tonne on June 5. Earlier, the prices of Bauxite (6.0≤Al/Si＜7.0)Henan and Bauxite (4.5≤Al/Si＜5.5)Henan had recorded a climb on May 27 from RMB 500 per tonne to RMB 530 per tonne and from RMB 390 per tonne to RMB 420 per tonne, followed which the prices remained unchanged till June 4. The prices of Bauxite (6.0≤Al/Si＜7.0)Shanxi and Bauxite (4.5≤Al/Si＜5.5)Shanxi, on the other hand, have remained restrained at RMB 540 per tonne and RMB 465 per tonne, as of June 5. As far as other input costs are concerned, the prices of alumina, aluminium fluoride, cryolite, and also aluminium powder have...
Vietnam imposes temporary anti-dumping duties on aluminium products from China
As announced by the Ministry of Industry and Trade (MoIT), Vietnam is reportedly levying temporary anti-dumping duties on China’s aluminium semi-finished products, including both alloy and non-alloy products produced in bars, rods or any other shapes that have been extruded, regardless of whether the surface is treated or the products are further processed in Vietnam. These aluminium semi-finished products are used to make industrial machines and structures, aluminium doors, wattle walls, storage cabinets, interior and exterior decorations, as well as construction. The lowest anti-dumping rate to be imposed by Vietnam from June 5 is 2.46 per cent while the highest is 35.58 per cent. MoIT said it conducted a five-month investigation into aluminium imports from China, following all the...
Vedanta plans to set up auto ancillary park in Odisha for manufacturing alloy wheels
In partnership with the Odisha government, Vedanta is reportedly planning to set up a hot metal park at Jharsuguda, which would host auto ancillary units with Vedanta’s aluminium unit being the anchor. According to Business Standard report, the company, while specifically looking at alloy wheels, is already in talk with top automobile original equipment makers (OEMs) and has also signed a few agreements with them. Ajay Kapur, the newly appointed chief executive officer of Vedanta Aluminium and Power told Business Standard, We are in talks with the government of Odisha to put up a hot metal park there and have automobile ancillary units. It (the plan) is at an active discussion stage. The government will provide land and enter into a joint venture with us.” The setting up of a hot metal...
France’s aluminium plates, sheets and strips import to extend YoY growth in 2019; Germany to be the leading exporter
France is the fourth most important regional market in Europe for the rolling aluminium industry. It purchases about 8 per cent of the total production of the European aluminium rolling industry and makes the best use of it across various industries including packaging, transportation, mechanical engineering, electrical technology, construction, and many others. Known for a manufacturing hub, it is found that France has been importing a higher amount of aluminium plates, shits and strips over the years. According to the global export-import data, France in 2016 had imported around 332,989 tonnes of aluminium rolled products, which in 2017 had increased to 398,307 tonnes, up 19.6 per cent. While 2018 saw a further rise in France’s aluminium plates, sheets and strips import by 2.36 per cent...
End of United States’ aluminium import tariff on Canada relieves Oswego
Donald Trump’s decision to end the aluminium import tariff on Canada last month seems to have brought in relief to Oswego, as two of the city’s largest businesses were affected by the tariff. Since aluminium is one of the major sources of daily wages for the people in Oswego, President Donald Trump’s decision to levy a 10 per cent tariff on the metal from Canada badly hit the economy there, said Oswego Port Authority Director William Scriber. Compared to last year, Oswego has seen much of a loss this year, as imports of aluminium are down by 50 per cent from the same time of the previous year. Till the end of 2017, many aluminium suppliers were under contract to ship the metal to the Port of Oswego, which as a result, protected the city in New York from witnessing an economic upheaval in...
