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.
Austal announces the delivery of $5.5 million worth high-speed aluminium catamaran
Austal, an Australian-based global shipbuilding company, has recently declared that it delivered a 30 metre long high-speed aluminium catamaran for VS Grand Ferries Corporation in the Philipines. The Incat Crowther designed ship was built at Austal Philippines’ shipyard in Balamban, Cebu, with the capacity of accommodating 300 passengers and speed up to 25 knots. In August 2017, Austal had first received this US$ 5.5 million worth of catamaran contract and started the construction work in September 2017. This has been the first locally operated vessel to achieve Pioneer status, the prestigious enhanced safety standard rating in the Philippines, with the Maritime Industry Authority (MARINA). Austal CEO, David Singleton said, “Austal Philippines has developed into an established and very...
Inalum’s aluminium output stands at 161,217 tonnes in the first eight months of 2018
The state mining holding company Indonesia Asahan Aluminium (Inalum) has released today, on September 12, its metals output and sales data for the period January-August 2018. Against the expected production of 248,426 tonnes in the entire year of 2018, the company’s output from January to August is standing at 161,217 tonnes, reported Reuters. Out of the total aluminium production of 161,217 tonnes from January-August 2018, Inalum exported around 10,000 tonnes. The company's expected export amount of aluminium in 2018 is 40,000 tonnes in total. The bauxite ore output by the company during January-August stood at 663,455 tonnes, against its expected production volume in the entire year at 1,169,722 tonnes. The export sales of the ore were seen at 583,711 tonnes in the said period of time,...
A00 aluminium ingot price records a slump today backed on weakened alumina cost
According to the latest update from Shanghai Metals Market on September 12, the A00 aluminium ingot price has dipped by RMB 120 per tonne to stand at RMB 14500 per tonne. As per the data found by SMM, the average expected price today is likely to range between RMB 14480 per tonne and RMB 14520 per tonne, with spot discounts to settle at RMB 20 per tonne, up by RMB 20 per tonne from the previous day. In the east, the ingot price has registered a slump by RMB 110 per tonne to conclude at RMB 14505 per tonne while in the south and north, the prices are standing at RMB 14640 per tonne and RMB 14530 per tonne after dropping by RMB 130 per tonne and RMB 105 per tonne, respectively. This dip in aluminium ingot price could be attributed to the weakened input cost as the average alumina price has...
Viet Phuong Group inks bauxite processing agreement with Lao Government
On September 11, 2018, Viet Phuong Group (VPG) of Vietnam reportedly inked a contract with the Lao Government for exploiting and processing bauxite ore and building an alumina factory in Sekong province of Laos, in presence of VPG General Director Phuong Minh Hue. Hue thanked the authorities of Laos and Sekong for supporting her firm over the last 10 years to carry out the agreement on bauxite exploration inked with the Lao Government. This upcoming project will be Vietnam’s biggest investment assignment of about US$ 650 million in the mining industry of Laos so far. Located in Dakcheung district of Sekong, this project will cover nearly 100 square kilometres of land. It is part of the roadmap for implementing the agreement on economic, cultural, and scientific-technical cooperation...
Gordon Murray’s new IStream chassis claim to cut vehicle weight in half
Gordon Murray Design, a British visionary design and engineering company, has taken the internet on a storm with its launching news of the latest version of chassis frame technology “IStream Superlight”. It claims to be applicable to every vehicle segment right from small city cars or heavy goods vehicles. Originally, the system used thin-wall and high-strength steel tubing, as a method for reducing costs in automotive manufacturing and minimising vehicle weight. But now Murray’s company has unveiled an updated version using aluminium thin-wall tubing and honeycomb recycled carbon-composite panels in place of stamped metal. This new version claims to deliver a vehicle only half the weight of a standard metal vehicle of the same class and size while achieving new levels of rigidity and...
China’s passenger vehicles sales drop YoY to 1.76 million units in August
According to the data from the China Passenger Car Association (CPCA), retail sales of passenger vehicles in China dropped 7.4 per cent to stand at 1.76 million units in August, compared to 1.89 million units in the same period last year. The passenger vehicle category includes sedans, SUV, multi-purpose vehicles (MPV) and mini-vans. The data separately showed a total sale of sport utility vehicles (SUV) as well, which in August had come in at 716,527 units, down 8.5 per cent from 777, 432 units in the corresponding period last year. Great Wall Securities noted in a research on Sunday that a rollback of tax breaks, macroeconomic slowdown, and Sino-US trade dispute could be some of the factors responsible for this year's poor car consumption. According to the China Association of...
Chinese aluminium and aluminium products export slightly drops M-o-M to 517K tonnes in August
China Customs data revealed on Saturday, September 8, that the country’s total aluminium export recorded a slight drop in August. Including both unwrought aluminium and aluminium products, China exported a total amount of 517,000 tonnes in August, slightly down from 520,000 tonnes in July, which was the highest in more than three years. In June, China’s exports of unwrought aluminium and aluminium products had come in at 510,000 tonnes, 1.9 per cent down from July and 1.3 per cent down from August. {newsStudioGallery} Thus, the above data shows shipments exceeded 1.5 million tonnes in June through August, a record for a three-month period, and were up 15 per cent in the first eight months of the year. Aluminium prices jumped in April after the United States’ sanctions on Rusal, the top...
China to increase value-added tax (VAT) rebates on exported aluminium products: SMM updates
According to the report by Shanghai Metals Market, China plans to increase the value-added tax (VAT) rebates on exported aluminium products from September 15, 2018. The notice came from the Ministry of Finance and State Administration of Taxation on September 5. The VAT rebate rates on the exports of aluminium alloys bars and rods (HS code 76042910) have been decided to be 13 per cent. In 2017, China’s export of the two categories of materials had come in at around 200,000 tonnes, showed China Customs data. However, this increased rebate on aluminium products are hoped to encourage domestic companies to export more of such products and therefore, would expectedly buoy up the total export volume. In the United States, aluminium extrusion, foil and common alloy plates from China are all...
Aluqa designing and building lightweight, premium aluminium boats
Aluqa, a Dutch shipyard, is reportedly designing and building lightweight, premium aluminium boats for a highly exclusive segment. Their design comes from Dutch design and they implement the latest high-tech. With a rock-solid experience in the nautical industry for about a decade, the team of Aluqa shipyard noticed that anchors and the overall functionality of the boats are old-fashioned. The Aluqa team’s background in metal and aluminium works led them to design a new way with systems including a folding process to store the anchor in a totally different way. The anchor system of Aluqa is foldable and hidden while it is not needed. The hatch that closes off the anchor compartment makes the anchor and its foldable system invisible. This is one of the hidden gems that set the Aluqa apart....
Belgium’s aluminium scraps export to grow this year after a dip in 2017; Germany to remain the top importer
With the passage of time, recycling is becoming a major consideration in continued aluminium use, representing one of the key attributes of this ubiquitous metal, with far-reaching economic, ecological and social implications. More than half of all the aluminium currently produced in the European Union originates from recycled raw materials and that trend is on the increase. {newsStudioGallery} Having said that, Belgium, which is primarily characterised by the presence of one of the largest glass industries in the world also boasts a large number of aluminium fabrication industries and aluminium scrap shredders. While Reynaers Aluminium is one of the European leaders specialized in the aluminium durable solutions development, UNTHA Shredding Technology, Persona AB, HSM GmbH + Co. KG, and...
Hydro striving to convince Brazil for full resumption at Alunorte refinery
Followed by the two deals pledging social and environmental action, Norsk Hydro is striving to convince Brazilian authorities to allow it to resume full production at Alunorte refinery, reported the company’s top executive. The deals, signed on September 5 in Brazil, were an important step but did not guarantee to allow full resumption of production at Alunorte, John Thuestad, Norsk Hydro’s executive vice-president for bauxite and alumina, told Reuters in a telephone interview on Thursday, September 6. The deals signed with federal and state prosecutors as well as the state government and environmental authorities included payments for food cards for nearby families, investments for the social development of local communities, and technical improvements but did not include a timeline for...
Constellium inks advanced aerospace aluminium solutions contract with Boeing
On September 5, Constellium, a global producer of aluminium semi-products with headquarters in Amsterdam, announced about its recently-signed multi-year advanced aerospace aluminium solutions contract with The Boeing Company. The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. Under the contract, Constellium will supply a broad range of advanced aluminium rolled products to Boeing to further strengthen its longstanding partnership with Boeing and confirm its leadership position for aerospace aluminium products and solutions. This advanced aluminium rolled product will mostly come from Constellium’s plant in Ravenswood, West Virginia. “This new contract reflects the strong...
Bahrain’s aluminium wire export to grow 27% YoY in 2018
The rapid growth in the building and construction sector across the world is found to continually increase the electrical applications over the years driving demand for aluminium products like rod, wire, cable, and conductor. Among some of the major aluminium wire producing and exporting countries, Bahrain is a notable one that has been witnessing a growth in aluminium wires market over a period of time. The country houses Aluminium Bahrain (Alba), the oldest and the most profitable aluminium producer in the Middle East and a number of aluminium wire and cable manufacturers that export their products around the world. {newsStudioGallery} Here we are analysing the export data of aluminium wires by Bahrain over the past three years. According to the international export-import data, the...
China’s primary aluminium records 1.8% lower output during Jan-Aug on growing costs and losses
According to the data from Shanghai Metals Market, China in the month of August produced 3.11 million tonnes of primary aluminium, up 1.5 per cent from 3.063 million tonnes in the corresponding period last year. But the overall output during January-August still remained down by 1.8 per cent to 24.05 million tonnes from 24.48 million tonnes year-on-year. Until the end of August, the primary aluminium capacity in operation across China was about 37.36 million tonnes while about 4.54 million tonnes remained idle. Operating rates in August came in at 89.2 per cent, down 0.3 percentage point from July as costs and losses grew. Some capacities with high costs in Gansu, Shaanxi, and Henan provinces were shut permanently during the period which further bolstered the shrink of operating volumes....
A00 aluminium ingot price climbs on lowered inventories; Aluminium billet stocks hike on tepid consumption
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China shrank over the week as downstream consumers increased purchases to restock on lowered spot prices. As of Thursday, September 6, stocks across eight consumption areas, including SHFE warrants, fell by some 33,000 tonnes from last Thursday to stand at 1.714 million tonnes. In Wuxi, Jiangsu, the inventory dropped by 9000 tonnes from Monday, September 3, to stand at 718,000 tonnes; in Shanghai, it dipped 5000 tonnes to clock at 381,000 tonnes. However, in Linyi, Shandong and Chongqing, the inventories showed no change and still hovering at 27,000 tonnes. For more details, refer to the chart below: In this background, today, on September 6, the A00 aluminium ingot...
Vedanta for the first time receives bauxite from Kodingamali mines, hopes to get more
After managing to run 2 million tonnes per annum refinery for past 10 years with bauxite sourced from several parts of the state and abroad, the aluminium major The Vedanta Limited for the very first time received the raw material from OMC’s Kodingamali mines recently, reported Vedanta’s external affairs head Sanjeev Kumar to PTI. According to the report, The Vedanta is now optimistic about the completion of its Lanjigarh refinery expansion project on receiving bauxite from the state-owned Odisha Mining Corporation. The refinery was importing bauxite from countries like Brazil and Guinea and states like Andhra Pradesh and Gujarat, said Mr. Kumar added to it that due to the shortage of raw material supply, the refinery could utilise 1.2 million tonnes of capacity every year out of 2...
Japan’s aluminium import to grow Y-o-Y in 2018; Russia to be the top exporter
According to the aluminium trading data, Japan ranked as the fourth largest aluminium importing country in 2017 after the United State, Germany, and Netherlands, accounting for 8.3 percent of the world’s total share of aluminium imports. The world total aluminium imports in the same year had totalled at US$176.2 billion. {newsStudioGallery} The global export-import data found that in 2016 and 2017, Japan had imported a total amount of 2.5 million tonnes and 2.8 million tonnes of aluminium including alloy and non-alloy, respectively. This shows the import volume grew by almost 12 per cent in 2017. Well, it does not stop there because according to the prediction by the international export-import data, Japan would likely import more this year, totalling at 3 million tonnes, 20 per cent up...
650 Aughinish jobs are secured; hopeful Tánaiste Simon Coveney
According to a report, Tánaiste Simon Coveney is hopeful about the job security of more than 650 personnel at Aughinish Alumina refinery in Limerick, following crippling sanctions on its Russian owner by the United States. As per the source, The Minister for Foreign Affairs has accredited the US administration for being extremely helpful in regard to the preservation of so many livelihoods that are dependent on the plant near Askeaton. The plant has 450 staff and 220 contractors in total. The major share of Aughinish Alumina belongs to En+, a company controlled by the Russian aluminium giant Oleg Deripaska. In early August, the US Treasury had reportedly extended the deadline to investors to divest interests in the Rusal to October 23 and also ordered Mr. Deripaska to abdicate control...
