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.
Mexico’s aluminium scrap import expected to see a rise this year; US to remain predominant exporter
Mexico’s aluminium industry has been growing steadily at a 13 per cent annual rate since the year 2011. The country produces 1.6 per cent of the world’s global production and depends highly on imports and recycling of aluminium products as it has limited resources of bauxite. For the same reason, there is no alumina refinery in the country either. Mexico’s aluminium value chain involves recycling of aluminium scrapped products and imports of aluminium secondary products, contributing about $7 billion to the country’s GDP and generating employment for over 120,000 workers and professionals. The industry grows following the trends of a number of industries like automotive, aerospace, electric, energy (photovoltaic) and appliance. According to the global export-import data, Mexico’s...
Chinese A00 aluminium ingot price drops amidst lower demand and bearish input costs
After rising back-to-back last two days, the A00 aluminium ingot price has recorded a plunge once again in China today, on January 8, 2019, Shanghai Metals Market found. The ingot price after rising in last two consecutive days had reached RMB 13,350 per tonne but today it dropped RMB 40 per tonne to RMB 13,310 per tonne. Since the beginning of the year 2019, the ingot price remained sluggish, as there had been a continued weakening of ingot demand and consumption among downstream buyers. Today, the average prices are expected to range between RMB 13,290 per tonne and RMB 13,330 per tonne, with spot discount to settle at RMB 40 per tonne. The average spot discount is estimated to be at RMB 20 per tonne, marking a growth of RMB 10 per tonne. In the east, Wuxi and Hangzhou, the prices have...
Hoffmann Neopac to begin polyfoil tube production investing $30.8 million
The Swiss packaging company Hoffmann Neopac AG will reportedly begin tube production with an investment of $30.8 million at its new production facility early this year. It already received a grant of $30,000 from the One North Carolina Fund, per the report, which looks to create economic growth and jobs to help with the project. The company will begin by producing two small diameter tubes - 1) tamper-evident nozzle tube and 2) Twist’n’use tube. Both of these tubes will utilise the firm’s patented Polyfoil materials blend. Polyfoil tubes use a combination of polyethylene and aluminium, and tubes requiring sterilisation use a polypropylene and aluminium combination. The multilayer tubes have an integrated aluminium barrier, according to the company. These extend shelf life compared to...
Acer unveils sleeker and stronger model of Swift 7 made of magnesium-aluminium alloys
Acer, a Taiwanese multinational hardware and electronics corporation with specialisation in advanced electronic technology, has reportedly introduced a new Swift 7 laptop that boasts even thinner and sleeker look than ever before. Made of magnesium-lithium and magnesium-aluminium alloys, which are two to four times stronger than traditional aluminium alloys but much lighter, the new 14-inch Acer Swift 7 weighs only 890 gram. It features 92 per cent screen to body ratio that helps the gadget rendering a super slim look. The thickness is below 1 centimetre. The display is Full HD (1920 x 1080) and touch-enabled. It is durable as well, as it is covered in Corning Gorilla Glass 6. Under the hood, you can find an 8th generation Intel Core i7-8500Y processor and up to 16GB of LPDDR3 RAM. The...
Gains in primary aluminium future prices reduce buying enthusiasm of downstream consumers: SMM
Shanghai Metals Market found downstream consumers across spot aluminium markets in east and south China held back from purchasing in morning on Monday, January 7, amidst growing futures prices. Spot discounts in Shanghai remained unchanged from Friday morning and thus, were heard at RMB 20 per tonne and RMB 10 per tonne against the SHFE 1901 contract. In Shanghai and Wuxi, most spot transactions were seen at RMB 13,350 per tonne and RMB 13,360 per tonne while that in Hangzhou at RMB 13,360 per tonne to RMB 13,370 per tonne. Prices rose close to RMB 40 per tonne from Friday, which sidelined downstream consumers in the east and south. In Guangdong, on the other hand, transactions occurred at RMB 13,450 per tonne to RMB 13,490 per tonne, with Guangdong-Shanghai spreads of RMB 110 per tonne,...
Chinese A00 aluminium ingot price extends rise amidst muted input costs
The A00 aluminium ingot price in China has extended its growth today, on January 7, from RMB 13,300 per tonne to RMB 13,350 per tonne, found Shanghai Metals Market. Thus, the price today has marked a jump by RMB 50 per tonne against a growth of RMB 30 per tonne on the previous day, January 4, from RMB 13,270 per tonne to RMB 13,300 per tonne. That was the first price growth of aluminium ingot in China since the beginning of the New Year 2019. However, today the average prices are expected to range between RMB 13,330 per tonne and RMB 13,370 per tonne, with spot discounts to settle at RMB 50 per tonne to RMB 10 per tonne. The average spot discount is estimated to be at RMB 30 per tonne, marking a decline by RMB 10 per tonne. In the east, Wuxi and Hangzhou, the ingot prices have climbed RMB...
Feadship launches its second largest fully aluminium yacht ‘Najiba’
Feadship, a cooperative venture between Royal Van Lent Shipyard and Koninklijke De Vries Scheepsbouw, has reportedly launched a 58-metre superyacht M/Y Najiba, Feadship's second largest fully aluminium yacht and its first project of the year. Built as a family superyacht for experienced owners, the vessel has been specially designed to keep fuel consumption to a bare minimum. Vitruvius Yachts has designed this new superyacht’s lines upon the owner’s request. Claudio Cicconetti was responsible for developing the general arrangement and Guillaume Rolland of Studio Christian Liaigre was in charge of interior design, while Peter Wilson of MCM represented the owner for the duration of the build. The original layout of the yacht features two master staterooms and a particularly open plan...
Gondan to build ice-classed trawler with low resistant aluminium superstructure
Spanish shipbuilder Gondan and Norwegian ship owner Engenes fiskeriselskap AS have reportedly signed a deal in the recent time to build a 69.9 metre long and 16 metre beam stern trawler. The expected time of delivery is the 1 st quarter of 2021. The trawler will be of NVC 370 design with a low resistant aluminium superstructure from Rolls-Royce, which will also deliver electric trawl winches driven by permanent magnet motors, as well as automation equipment. The hybrid propulsion system of the vessel will consist of a B33:45 diesel engine, Promas integrated propeller system, and HSG drive system. Shipowners Johannes Arne and Børge Arvesen of Engenes fiskeriselskap, said: “This is a milestone for our company and carries on the proud traditions of trawl fishing in our part of Norway.” Other...
Queensland container refund scheme 2018 recycles 102 million cans and collects $10 million so far
According to a report, Queenslanders have collected millions of dollars in just two months by recycling 102 million cans and bottles through the state’s container refund scheme. Queensland’s container refund scheme for most plastic drink containers, beer bottles and aluminium cans started from November 1, 2018, with more than 230 container refund points in operation across the state. Environment Minister Leeanne Enoch said collecting millions of dollars in two months had been a great achievement for the state, with great participation from people who returned containers and from those running the scheme. "Around $10 million has been returned to the pockets of Queenslanders, community groups and charities," she said. She further stated: "Queenslanders have absolutely embraced this scheme...
Russia’s aluminium wire export continues declining in 2018, both in terms of volume and revenue
Growing consumer demand towards lightweight automobile vehicles has been incessantly stimulating the aluminium wire market demand over the years. So to say, aluminium wire market size is set to surpass US$ 65 billion by 2024, according to a new research report by Global Market Insights Inc. {newsStudioGallery} Aluminium wires are utilized in various home electrical appliances, switches, circuit breakers and motors owing to their light weight, corrosion resistance and retention of temperature even at low temperatures properties. They also reduce corona an electric discharge which is associated with high power transmission; and their excessive heating does not separate the electrical fixtures and connections, thus increasing the industry demand." Russia has been exporting a notable amount...
UK’s leading aluminium rainwater system manufacturer Alutec introduces new roof outlet range
The United Kingdom’s leading aluminium rainwater system manufacturer Marley Alutec has reportedly launched a new innovative multi-purpose flat roof and balcony drainage system named Elite, compatible with all waterproofing membranes and roof build-ups. The launch is supported by the introduction of a unique online roof drainage design tool that calculates the number of outlets required based on location and specification, ensuring full compliance with the rainwater draining design standard BS EN12056-3. Manufactured from high-quality marine-grade aluminium, the Elite outlets ensure an extensive life expectancy of at least 50 years, given that aluminium will never corrode or degrade. They are engineered in such a way that they r able to deliver an unrivalled flow performance of up to...
Wistaston Scout Group installs new aluminium can collection bins
According to a report, Wistaston Scout Group (35 th South West Cheshire) has installed new aluminium can collection bins in Wistaton to raise money for the group. The news bins have been set up on the car part at Wistaston Memorial Hall on Church Lane, outside Wistonia stores on Kings Drive and outside the new Co-op on Crewe Road. Wistaston Scout Group also has aluminium can collection bins on the car park in front of the Spar convenience store on Rope Lane, Wells Green. Until now, the group has reportedly collected £8,000 worth of aluminium cans. They would like to collect more for supporting their activities. Recycling aluminium uses only around 5 per cent of the energy and emissions compared to what required making aluminium from the raw bauxite. Recyclable aluminium cans will have the...
Tesla cuts vehicle prices by $2000 as 4Q deliveries fail to reach expectations
Shares of the electric car and solar panel maker Tesla Inc. reportedly dropped on Wednesday, January 2, after the company cuts vehicle prices by US$ 2,000 and announced fourth-quarter sales figure that fell short of Wall Street estimates. Before the markets opened, the company said that it delivered 245,000 electric cars and SUVs last year, nearly as many as all previous years combined. But yet it would cut prices of its three models by U$ 2,000 so as to help customers handle the gradual phase-out of federal electric vehicle tax credits. On January 1, the federal credit for Tesla buyers dropped from $7,500 to $3,750 and would gradually phase out this year, as expected. The company’s overall deliveries in the entire year of 2018 matched Wall Street estimates. Only its figures for the...
Kochi Metro's 23 ferries featuring aluminium hull to go live by December
According to a report, India’s first water metro rail project with about 23 ferries as part of project’s first phase, featuring steel body and aluminium hull, is expected to go live by December 2019. The news came after Kochi Metro Rail Corporation (KMRL) officially said at a press conference. The first of its kind for India, the water-transport will connect 10 islands near Kochi. In July 2016, Kochi Metro Rail Corporation (KMRL) and German Development Bank of KfW signed an agreement for 85 million Euro loan for the project. The total cost of the project is pegged at INR 747 crore excluding INR 72 crore required for land acquisition. The electric-powered ferries will be fully air-conditioned and will have a seating capacity of 100 passengers. They will reportedly connect 38 jetties on 16...
Large purchase triggers spot aluminium trades in east China: SMM
Shanghai Metals Market found that a purchase of more than 6,000 tonnes of spot cargoes in east China, at higher than expected prices, by an aluminium trader on Thursday, January 3, 2019, triggered the overall trades across eastern markets. The on-month aluminium contract on the Shanghai Futures Exchange hovered at lows in morning trades. In Shanghai, the spot discounts were seen at RMB 20 per tonne to RMB 10 per tonne against the SHFE 1901 contract, against the discounts of RMB 40 per tonne in the previous day. Spot transactions in Shanghai and Wuxi were done at RMB 13,280 per tonne to RMB 13,300 per tonne, while at RMB 13,300 per tonne to RMB 13,310 per tonne in Hangzhou. Prices were down close to RMB 40 per tonne from the prior day. In Guangdong, on the other hand, spot transactions...
A00 aluminium ingot price extends its drop in China, but the input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on January 3, to RMB 13,270 per tonne from RMB 13,310 per tonne, as of January 2. Since the reopening of the market in the New Year 2019, the Chinese A00 aluminium ingot price has recorded a plunge for the past two days in a row. Today, the average prices are expected to range between RMB 13,250 per tonne and RMB 13,290 per tonne, with spot discounts to settle at RMB 60 per tonne to RMB 20 per tonne. The aluminium ingot price in the east Wuxi and Hangzhou has declined by RMB 40 per tonne and RMB 35 per tonne to stand at RMB 13,290 per tonne and RMB 13,305 per tonne, respectively. The A00 ingot price in the south and north, on the other hand, has plunged by RMB 60 per tonne and RMB 40 per tonne...
Moratorium on bauxite mining in Malaysia to be extended until March 31
The Malaysian government has once again reportedly decided to extend the moratorium until March 31, 2019, and thus, the wait continues for bauxite mining and export activities in Pahang. The Water, Land and Natural Resources Ministry announced that this extension of moratorium followed an agreement between its Minister Dr. Xavier Jayakumar and Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail. Datuk Md Sohaimi Mohamed Shah, Sungai Lembing assemblyman, said that he was hopeful about the government allowing mining activities to resume after the finalisation of the new set of standard operating procedures (SOP). He further said a huge mining site in Bukit Goh and many other areas left unattended since the moratorium began in January 2016. He also said when contacted today “There seems to...
A cyclone may hit Rio Tinto’s Weipa bauxite mine in Australia
A cyclone is expected to hit the north coast of Australia’s Queensland state Weipa on Tuesday and affect Rio Tinto’s Weipa bauxite mine while disrupting shipping, reported the weather bureau. The Port of Weipa, which handles Rio’s bauxite mine as well as general cargo, remained shut for the third day today as Cyclone Penny moved towards it across the Gulf of Carpentaria. Captain Michael Barnett, harbourmaster for the Cairns region, told Reuters by telephone that the port was expected to reopen on Thursday, January 3. Two bulk carriers for bauxite export were moved into the Gulf for safety and thus, not in danger. Rio Tinto ships 30 million tonnes of bauxite annually from Weipa, catering international customers as well as alumina refineries in Gladstone, Queensland. "We are monitoring the...
