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.
Hydro’s primary aluminium EBIT stands 34% lower in Q3 2018 Y-o-Y but 14% higher from Q2 2018
Norwegian aluminium and renewable energy company Norsk Hydro ASA announced the financial and production results for the third quarter and first nine months of 2018. As per the report, the company’s revenue for the third quarter stood at NOK 39766 million, up 74 per cent from NOK 22799 million in Q3 2017, but stood 4 per cent down from NOK 41254 million in Q2 2017. In the first nine months of 2018, the revenue was at NOK 120,991 million, compared to NOK 70,416 million in the same period last year. Underlying EBIT for primary aluminium declined compared to the third quarter last year due to higher raw material and fixed costs, partly offset by higher all-in metal prices. In addition, there was a positive contribution from the sale of excess power following the production curtailment of the...
Hydro’s bauxite and alumina EBIT climbs 66% in Q3 2018 from same period last year, but production stood low
On releasing Norsk Hydro’s third quarter results, the company’s president and CEO Svein Richard Brandtzæg said, "The third quarter reflected our continued challenges at Alunorte and increased raw material costs, while higher aluminium and alumina prices, as well as strong Energy results, contributed positively. The market for aluminium is tightening, and we expect the 2018 global primary market in deficit." Underlying earnings before financial items and tax increased to NOK 2,676 million in the third quarter, up from NOK 2,446 million in the corresponding period last year, reflecting higher all-in aluminium and alumina prices, positive currency effects and strong contribution from the Energy business area. But continued production curtailment at the Alunorte alumina refinery and increased...
A00 aluminium ingot price rises in China against provincial environment checks Oct-Nov
According to the latest update from Shanghai Metals Market, the A00 aluminium ingot price again sees a rise today, on October 24, after a slight drop in the previous day. Today, the ingot price is hovering at RMB 14190 per tonne in contrast to RMB 14110 per tonne yesterday. Hence, this marks a growth by RMB 80 per tonne. The average prices are expected to range between RMB 14170 per tonne and RMB 14210 per tonne, with spot discounts reduced by RMB 10 per tonne to RMB 70 per tonne to RMB 30 per tonne. The rise is seen despite the cost restraint of alumina at RMB 3040 per tonne from October 18 to October 23, SMM found. However, bauxite price on the other hand, according to the last update on SMM on October 22, has seen a rise and hovering at RMB 590 per tonne. Other input prices such as...
SeaLink’s first new lightweight aluminium vessel to start operating end 2019
The United Kingdom-based ferry company SeaLink said that it would build the first new vessel at Richardson Devine Marine (RDM) in Goodwood, Hobart, adding that the service of the new vessel would expectedly start in December 2019. The service of the second new vessel is expected to launch in 2021. SeaLink general manager Paul Victory said both single-deck vessels could have an extra storey added to cope with future demand. "Both vessels will have growth potential, so both vessels will have ramp infrastructure … that we can add onto as the market grows on Bruny Island," he said. Until the new ferries are launched, the company has decided to continue operating its 44-year-old ferry, the MV Moongalba. Today, on October 23, SeaLink also announced it would immediately be adding a third ferry...
Indonesia’s alumina export to record a year-on-year rise in 2018
Indonesia’s alumina production is boosting with time. The sole smelter-grade alumina refinery in the country PT Well Harvest Winning (WHW) has reportedly hit the production of more than 2 million metric tonnes of smelter-grade alumina (SGA) since June 2016 or the month of SGA refinery’s maiden operation. WHW public relations executive Hen Roliya said that 98.5 percent of the production was exported and the remaining was for state energy holding PT Inalum, which needs SGA to produce their aluminium ingot. "We have been selling [our SGA] to Inalum, which is 1.5 percent of our production. [...] And there will be an increase of sales to Inalum in November to 28,000 metric tonnes of SGA," she told The Jakarta Post on Friday. Inalum bought 31,179 metric tonnes of SGA from WHW in December 2017...
Arconic mulling US$11 billion worth acquisition offer from Apollo - sources
According to the report by Reuters, the lightweight aluminium products manufacturer Arconic Inc’s board of directors is mulling US$11 billion worth acquisition offer which it received last Friday from buyout firm Apollo Global Management LLC. Apollo’s offer values Arconic at between $23 and $24 per share, one of the sources familiar with the matter said. Arconic shares ended trading on Monday at $21.45. Arconic had $6.3 billion in total debt and cash of $1.46 billion as of the end of June. Another bidding group, comprising buyout firms like Blackstone Group LP, Carlyle Group LP, Onex Corp and Canada Pension Plan Investment Board, is yet to submit an offer for Arconic, the sources said. But it is not clear whether the group will submit a bid to rival Apollo’s in the coming days or not....
Qatar Aluminium’s revenue jumps 10.72% in H1 2018
Qatar Aluminium (Qatulum) has revealed its total revenue during first six months of the year 2018 ended on June 30, which according to the report has jumped 10.72 per cent year-on-year to $0.74mn. Asia, Middle East, and North Africa have reportedly contributed 57 per cent to the revenue. Earnings before interest taxes depreciation and amortisation (Ebitda) stood $0.28mn with an Ebitda margin of 39% at the end of June 30, 2018, said the initial public offering (IPO) prospectus of Qatar Aluminium Manufacturing Company (Qamco). It also said The Asia and Mena regions’ revenue accounted for $0.42mn, while North America $0.15mn or 21%, Europe $0.14mn or 20% and Qatar $0.03mn or 3%. This shows revenues from Asia and Mena reported an 8.8% increase, Europe 26.36%, Qatar 36.92% and North America...
Canada reduces US-made aluminium-can tariff for beer can shortage
According to brewing industry executives, Canada has taken a move to drop a 10 per cent duty on US-made aluminium cans and is proved to be good news for Canadian beer markets that are battling a shortage of tall cans. The aluminium products exempt from tariffs last week include cans that brewers have been struggling to keep in stock, said Luke Harford, president of trade association Beer Canada. Reuters reported in July that some Canadian breweries were scrambling to find aluminium cans. "It's very positive for us," said Harford. "The 473 ml tall cans are all purchased from U.S. suppliers and that particular can is one of the fastest-growing cans... particularly amongst small brewers." Last week, Canada announced tariff exemptions on a range of products post the complaints lodged by...
Poor demand weakens September’s secondary aluminium operating rates in China
According to the report from Shanghai Metals Market, poor consumption in the downstream automobile sector eroded operating rates across Chinese secondary aluminium plants year-on-year in September, even as the traditional high season set in. Shanghai Metals Market found operating rates across secondary aluminium producers averaged at 58.25 per cent last month, down 5.05 percentage points from the same period last year. Compared to August, it dropped 5.13 percentage points in September. Working days picked up from August across downstream die-casting plants as they ended summer breaks in September. This accounted for month-on-month increase in operating rate. However, actual demand failed to rebound on the year, with few downstream plants restocking before the National Day holiday and the...
A00 aluminium price rises again in China despite a fall or restraint in input costs
According to the data by Shanghai Metals Market, the A00 aluminium ingot price in China once again sees a growth today, on October 17, from RMB 14190 per tonne, as on the previous day, to RMB 14290 per tonne. This marks an increase by RMB 100 per tonne. The average prices are expected to range between RMB 14270 per tonne and RMB 14310 per tonne, with spot discounts to settle at RMB 70 per tonne to RMB 30 per tonne. This rise in aluminium ingot price for the past two days in a row has touched all the major markets in China, SMM found. The markets in the east, south, have seen a rise by RMB 100 per tonne each while the market in the north, has witnessed a price hike by RMB 90. While in the east, the ingot price today is hovering at RMB 14275 per tonne; in the south and north, the prices are...
A00 aluminium ingot price in China registers a hike after consecutive four days of drop
After a continuous fall for past four days in a row, the A00 aluminium ingot price in China today, on October 16, has recorded a hike by RMB 90 per tonne to stand at RMB 14190 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14170 per tonne and RMB 14210 per tonne, with spot discounts to settle at RMB 70 per tonne to RMB 30 per tonne. The major markets including the east, south, and north have displayed no exception either. In the east, the price has climbed from RMB 14100 per tonne on October 15 to RMB 14175 per tonne on October 16, registering a growth of RMB 75 per tonne. In the south and north, on the other hand, the prices have jumped from RMB 14130 per tonne on October 15 to RMB 14240 per tonne today and from RMB 14110 per tonne to RMB...
Nalco CMD estimates aluminium consumption rise in India to 7.2 million tonnes in next five years
Aluminium consumption in India may reportedly double to 7.2 million tonnes in the next five years from the existing level of 3.6 million tonnes. This makes important to focus on downstream aluminium products to tackle the threat of growing imports. Mr. Tapan Kumar Chand, CMD of Nalco said this while addressing the National Aluminium Network Meet 2018, at New Delhi. He also mentioned that India’s import of downstream aluminium products may rise to around US$ 5 million in case no importance is given to it. He further added: “Moreover, Indian aluminium industry is at the high end of cost curve for production; hence, the need to sustain and increase its margin by producing value-added and high-end downstream products.” In addition, Mr. Chand underscored the need for the promotion of...
Turkey’s aluminium import likely to see a drop in 2018; Russia to be the major supplier
According to the global export-import data, Turkey’s aluminium import, including both alloy and non-alloy, is forecast to see a drop in 2018 after a sweeping rise in the last year. In 2017, Turkey had imported a total amount of 2,158,883 tonnes of primary aluminium, up 105 per cent from 1,051,214 tonnes in 2016. But this year, the country’s estimated volume of aluminium import is likely to drop 36 per cent to 1,378,802 tonnes than the previous year. However, compared to 2016, the volume of aluminium import is expected to stand higher by 31 per cent. Consequently, with the drop in import volume, Turkey’s aluminium import cost is also likely to stand down this year. In 2017, the import cost was at US$ 4545 million, after rising 145 per cent from US$ 1854 million in 2016. But this year, the...
A00 aluminium ingot price in China records a drop four days in a row
According to the data by Shanghai Metals Market, A00 aluminium ingot price in China has recorded a plunge today, on October 15, by RMB 70 per tonne to stand at RMB 14080 per tonne to RMB 14120 per tonne. This marks a drop in ingot price for the past 4 days in a row. After a hike on October 9 to RMB 14480 per tonne, the ingot price has been registering a fall since Wednesday, October 10. The first plunge was by RMB 40 per tonne, followed by RMB 210 per tonne on October 11 and then by RMB 20 and RMB 70 per tonne on October 12 and 15, respectively. Today, the average prices are expected to range between RMB 14080 per tonne and RMB 14120 per tonne, with spot discounts to settle at RMB 30 per tonne to RMB 10 per tonne. In the east and south, the A00 aluminium ingot prices have also dropped by...
Hydro to install aluminium press line in Pennsylvania to serve traditional automotive and distribution segment
On Friday, October 12, Hydro declared its plan to install a 4,500-tonne 10” aluminium press line at Cressona, Pennsylvania. The aim is to serve the traditional automotive and distribution segments. Hydro also announced to install a 7,000-tonne dual container 12”/14” press line in the West region to serve the electric vehicle, transportation, and commercial building and construction segments. Jack Pell, Vice President of Automotive Business Development for Hydro Extrusion North America, said: “We are very excited about Hydro’s continued investments in North America.” “This new equipment merges state-of-the-art billet heating and quench capabilities with larger billet diameters and enables us to produce larger extruded aluminum shapes with thinner walls from stronger alloys – the ‘holy...
Top Five Aluminium Slug Manufacturers in Europe
The production of aluminium slugs starts with loading furnaces with raw aluminium in the form of aluminium ingot, followed by a hot/cold rolling process, stamping, annealing, surface finish, and selection and packaging. Aluminium slugs are eco-friendly and recyclable and thus, successfully securing a key position in various industries like packaging, where they are impact extruded to make extruded aerosol cans, automotive cans, aluminium collapsible tubes and more. Healthcare, paint, food & beverage, pharmaceuticals, and many other industries, at the same time, are also looking at an increasing use of aluminium slugs owing to rust resistance property and lighter weight that further give an advantage over other types of metal slugs and extended the scope for the global market, including...
Quaker Window Products Co. Inc.to establish aluminium window producing plant in Missouri
On Thursday, October 11, Quaker spokesman declared that the company would build a factory to manufacture aluminium windows, for the application in commercial purpose. The Missouri-based window products manufacturing company Quaker was founded in the year 1949 and since then had been manufacturing wood, vinyl, and aluminum windows and doors. It offers windows and doors of various types including awning, casement, double hung, hopper, picture, single hung, slider, geometric, and specialty windows; and swinging, sliding, and folding doors. The construction of the new aluminium window producing plant would likely begin this winter and expectedly complete the year next. The total cost estimated to build the plant is around US$ 65 million, which on completion would likely create 300 new jobs....
Chinese alumina production increases 3% YoY to stand at 5.95 million tonnes in September: SMM shows
According to the latest update from Shanghai Metals Market, China’s alumina production in September grew 3 per cent year-on-year to stand at 5.95 million tonnes; while the total output during January-September came in at about 52.11 million tonnes, up 1.9 per cent from the same period last year. Daily output averaged at 198,000 tonnes in the same month, up 3.8 per cent from August, as higher profits encouraged southwestern refineries to raise production. Refineries in Shanxi and Henan provinces, at the same time, resumed operation from cutbacks or maintenance which as a whole boosted the overall production. SMM expects daily output to extend further growth in China by 2 per cent than the previous month, as production has resumed at State Power Investment Corp Shanxi Aluminium and new...
