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.
Chinese aluminium downstream transactions found low on tumbled primary future contract
According to the latest update by Shanghai Metals Market, downstream aluminium consumers showed the least enthusiasm in making purchases followed by the tumbled SHFE aluminium contract for November delivery in the second session of morning trading, on Wednesday, October 31. The SHFE 1811 contract traded range-bound in the first trading session with most spot transactions across eastern markets at RMB 13,980 per tonne to RMB 13,990 per tonne. Following the decline in futures prices in the second session, spot transactions fell to a range of RMB 13930 per tonne to RMB 13,980 per tonne with some offers at RMB 13,910 per tonne. These erratic prices, as a result, distracted downstream consumers and reduced overall transactions across eastern markets. In Shanghai, most transactions were found...
AEROBAL World Aluminium Aerosol Can Award 2018 winner list out
The much-awaited winner list of the World Aluminium Aerosol Can Award 2018 is announced. Nivea Body Mousse from Beiersdorf reportedly received a maximum number of votes for its unusual conical shaped can and thus, bagged an award under “cans that are already on the market” category. Another category was “prototype cans” under which Eyeris Fox Can from Ball UK acquired the first position. The winners were announced at this year’s General Assembly meeting of the International Organisation of Aluminium Aerosol Container Manufacturers (AEROBAL), who was also the organiser of the competition. The unusual conical shape of Nivea Body Mousse aerosol cans reportedly impressed the judges in the competition this year in every respect. The can’s very subtle and transition-free colour gradient from...
Second round of environment probes start along Yangtze in China for winter heating season 2018
On Monday, October 29, China’s Ministry of Ecology and Environment (MEE) announced that it would begin the second round of environmental reviews soon. Five inspection teams would settle in Shanxi, Liaoning, Jilin, Anhui, Shandong, Hubei, Hunan, Sichuan, Guizhou and Shaanxi provinces to supervise local environmental conditions and review the implementation of rectification plans that were made during previous environmental checks. The start date and duration of the new round of probes, however, was not revealed then, until the MEE updated us further on Tuesday, October 30. The first round of environmental reviews lasted for about a month in June and covered Hebei, Henan, Inner Mongolia, Ningxia, Heilongjiang, Jiangsu, Jiangxi, Guangdong, Guangxi and Yunnan provinces. According to the...
Apple introduces new MacBook Air made out of 100% recycled aluminium
Apple never fails to surprise its consumers and woo them with uniquely featured products. Following the legacy, it has recently unveiled a new line of MacBook Air laptops made out of 100 per cent recycled aluminium. Therefore, the weight of the device is reduced to 1.25 kilos from 1.35 kilos. 10 per cent thinner than the previous generation MacBook Air, available in gold, silver or space grey, powered by Intel’s eighth-generation Core processors, this new addition of Apple has ample features to lure consumers. Buyers will even have the option to choose the device with either 8GB memory or 16GB memory, with storage options go all the way to 1.5TB – for a price. For the first time, the new MacBook Airs will offer Touch ID built-in to the keyboard and a 1.6GHz dual-core Intel Core i5 CPU of...
Use of aluminium alloy expected to enhance as Jiangsu eyes 150,000 more NEVs by 2020
Following a three-year Blue Skies initiative released by the provincial government on September 30, Jiangsu province in China is reportedly targeting to put 150,000 new-energy vehicles (NEVs) into use during 2018-2020. The government has vowed to cover 80 per cent of the areas including environmental sanitation, postal delivery, ground transportation, and logistics by the end of 2020 in Jiangsu for the utilisation of NEVs. By the end of 2019, electric buses and other types of clean energy buses will also be introduced across Xuzhou and all Jiangsu cities along the Yangtze River, according to the initiative. In order to execute this initiative as successful as possible, Jiangsu, as per the report, has decided to continue maintaining support for NEVs tax reduction policies for at least next...
Indian Government reportedly considering proposal to increase import duties on aluminium
Following the request by the aluminium industry to increase import duties on both primary aluminium and aluminium scrap, the Indian government is now reportedly thinking to take it into consideration, sources said. The aluminium industry players have demanded a hike in import duties because of the incessant growth in inward shipments of primary and secondary aluminium to India, sources said further. Vedanta Group Chairman Anil Agarwal has also urged the government to increase the import duties to 10 per cent, noting that India is becoming a dumping ground amid ongoing tariff war between the United States and China. Currently, the basic customs duty on aluminium scrap and primary aluminium is 2.5 per cent and 7.5 per cent respectively. Besides, the industry has also urged the government to...
Chalco starts construction work of its Boffa bauxite mine in Guinea
Aluminium Corporation of China Limited, known as Chalco, officially announced on its website on Monday, October 29, that it started the construction work of its Boffa bauxite mine in Guinea. According to the Reuters report, the company held the groundbreaking ceremony on Sunday, October 28, at morning local time in Guinea. As per the plan, the first phase of the project will produce 12 million tonnes of bauxite in a year, which will go to Chalco's alumina refineries in Shandong and Guangxi. Upon full operation, Chalco is expected to be capable of providing 75 per cent of bauxite as raw materials. The Boffa mine has an estimated 1.75 billion tonnes of bauxite reserves, allowing sustainable exploitation for over 60 years, Chalco said. At the beginning of June Chalco had entered into an...
Chinese A00 aluminium ingot price drops again after an interim rise; Input costs show restraint
After a rise over the weekend in A00 aluminium ingot price from RMB 14090 per tonne to RMB 14120 per tonne, today, on October 30, it again registered a drop by RMB 90 per tonne to stand at RMB 14030 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14010 per tonne and RMB 14050 per tonne, with spot discounts at RMB 70 per tonne to RMB 30 per tonne. Over the last two weeks it was found that the primary aluminium price had dropped at almost every alternate day. The maximum drop it registered towards the beginning of the month after the market opened post National Day Holiday. Between 10 th of October and 15 th of October, the aluminium price plunged straight from RMB 14480 per tonne to RMB 14100 per tonne, according to SMM. Since then, the price...
Why buy AlCircle’s “A Worldwide Market Analysis of Aluminium Wire rod, Cables & Conductors - Industry forecasts to 2025” report?
Given the fact that aluminium cables and conductors are largely replacing copper as principal medium for carrying electricity over the last five decades, world aluminium wire rod usage is estimated to have increased 5.87 million tonnes in 2014 to about 6.26 million tonnes in 2017 and further to 6.45 million tonnes in 2018. Aluminium wire rods are used as a raw material for making aluminium cables and overhead conductors that yield excellent mechanical and electrical cable properties. The increasing demand for aluminium cables and overhead conductors is primarily driven by the rapid urbanisation, faster growth of the building and construction sector, electrical transmission, and distribution networks. During this phase of time when the demand and use of aluminium wire rod, wires, and...
Germany’s bauxite import cost stands low in Q1 2018 despite a growth in volume
With the year-on-year increasing demand for aluminium all around the globe, Germany is reportedly heading towards the hike in aluminium production. According to the German Association of the Aluminium Industry (GDA), the country during the period January to June 2018 produced some 666,700 tonnes of raw aluminium, marking a growth of 0.9 per cent from the corresponding period last year. The raw aluminium production comprised 268,200 tonnes of primary aluminium and 398,500 tonnes of recycled aluminium. Trimet and Hydro are the two notable smelters in Germany that have an annual aluminium production capacity of approximately 305,000 tonnes and 230,000 tonnes, respectively. {newsStudioGallery} This indicates that the country imports a significant amount of bauxite from various parts of the...
India pressing for aluminium tariff relief from US and pursuing talks to resolve trade issues
According to the update from Commerce and Industry Minister Suresh Prabhu, India and the United States have exchanged offers for a possible trade deal to resolve issues related to bilateral commerce. “The negotiations are ongoing,” he said, while adding that the US has given an offer which in return India has given a counter-offer and the negotiation is working on it. India has deferred a notification for hiking import duties on as many as 29 US products. The country had announced to increase customs duty on 29 products, including pulses and iron and steel items, imported from the US as a retaliatory action against the tariff hike by the Trump administration. This new import duty would come into effect from November 2, 2018. The move had come in the wake of reports that US may be willing...
Aluminium scrap recycling MSMEs opposing import duty hike on aluminium scrap
The aluminium scrap recycling industry, comprises mainly of micro, small, and medium enterprises (MSMEs), is reportedly opposing the proposed import duty hike on aluminium scrap from 2.5 per cent to 7.5 per cent. The All India Non Ferrous Metal Association (AINFMA) is of an opinion that the increase in aluminium scrap import duty would result into the closure of 3,500 MSMEs units, which in turn would lead to job loss of approximately 1.5 lakh workers employed in the sector. "India is already importing large quantity of ingots from countries like Malaysia, Thailand, Vietnam, etc. which have a free trade agreement with us, at zero customs duty, while recyclers are paying 2.5% customs duty. If the duty is hiked, imports of ingots will rise further, which will adversely impact scrap...
Hydro’s Alunorte bauxite deposit area receives suspension of embargo from IBAMA
Brazilian federal environment agency IBAMA has reportedly lifted the embargo on Hydro’s new Alunorte bauxite residue deposit area DRS2, but embargo from the federal court system still remains in place. IBAMA has lifted the embargo after reviewing information requested by Alunorte and SEMAS, the local environmental agency in the state of Para. This decision follows an exceptional authorisation granted by IBAMA to Alunorte on October 5, to utilise its state-of-the-art press filter technology in the processing of bauxite residues. However, the suspension of the embargo on Alunorte alumina refinery by IBAMA would not allow for an immediate resumption of DRS2 testing and commissioning phase, as the embargo from the federal court remains outstanding. The resumption of commissioning and tests...
Chinese A00 aluminium ingot price continues to drop despite alumina price surge
The A00 aluminium ingot price in China continues to witness a drop today, on October 26, 2018, even on the backdrop of shrinking social inventories of primary aluminium across eight major consumption areas, Shanghai Metals Market found. The price today has declined RMB 50 per tonne to stand at RMB 14090 per tonne. The average prices are expected to range between RMB 14070 per tonne and RMB 14110 per tonne, with spot discounts to settle at RMB 70 per tonne to RMB 30 per tonne. The decline in ingot price has also touched the major markets in China. In the east, the price has plunged RMB 65 per tonne from RMB 14135 per tonne, as on October 25, to RMB 14070 per tonne. In the south and north, the prices have plunged RMB 40 per tonne and RMB 35 per tonne respectively to stand at RMB 14170 per...
Industrial Project Innovation (IPI) selected as construction manager for an aluminium rolling mill in US
Another step is taken to turn Braidy Atlas LLC $1.6 billion state-of-the-art aluminium rolling mill into a reality. The company has selected Industrial Project Innovation LLC (IPI) to serve as construction manager, with assigned roles like program planning, construction management, project cost, and schedule control among other leadership responsibilities, according to a statement of Russ Braasch in a news release. Conveying his deep gratitude, Russ Braasch, owner and operations manager for IPI further said: “We are honoured Braidy Industries chose us to work with them on the management of such a significant project that will have an enormous positive economic impact on eastern Kentucky." Braidy Atlas will be the first greenfield aluminium rolling mill in the US in 35 years. Company...
China Baowu plans an investment in aluminium-magnesium alloy company
Yunhai Metal’s listed company reportedly declared that the company’s controller Mei Xiaoming would like to transfer part of its shares to Baosteel Metal, a subsidiary of Baowu, to which Yunhai will also entrust part of the voting rights. Market participants see this transaction as Baowu’s intention to expand its market shares in a new materials sector and strengthen its position as an automotive sheet supplier, Kallanish notes. According to the announcement, the control of the company may change after the completion of the transaction process. The purpose of this transaction is to accelerate the strategic layout of the company and promote the application of light alloys. However, a formal agreement has not been signed yet. Yunhai Metal’s primary products include aluminium and magnesium...
Iceland alumina import likely to increase in 2018; Brazil to be the top exporter
Besides fish and tourism, aluminium is emerging as one of the significant industries in Iceland. According to the report, aluminium had a share of about 16 per cent to the country’s total export in the year 2017. There were three plans in operation with a total capacity of over 800,000 tonnes per year, putting Iceland at the 11 th place among aluminium-producing nations worldwide. The presence of abundant electrical power due to Iceland's geothermal and hydroelectric energy sources has led to the growth of this manufacturing sector. This indicates the significant of alumina import for the country which is entirely dependent on alumina to feed its smelters. According to the global export-import data, Iceland in 2018 is estimated to import around 1.713 million tonnes, up 1.54 per cent from...
South Africa receives US import tariff exemption on 161 aluminium products
South Africa’s Department of Trade and Industry (DIT) announced yesterday, October 24, about its receipt of exemption on 161 aluminium and 36 steel products from the US aluminium and steel imports under Section 232 tariffs by the Commerce Department. The product exemptions are reportedly applicable only to those companies whose buyers in the United States had made requests to the Commerce Department for an exemption from the Section 232 duties. For aluminium, the products exempted include aluminium foil and plate, and sheet and strip. This move is expected to contribute towards securing jobs in companies producing these products. Minister Rob Davies has extended his gratitude to the South African and US companies, as well as Members of Congress that had lobbied for the exemption of South...
