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.
A00 aluminium ingot price dips on gaining inventories due to increasing supplies and weak consumption
The primary aluminium inventories across eight major consumption areas in China have extended gains over the week as arrivals rebounded and consumption in Guangdong weakened, Shanghai Metals Market found. As of today, August 30, stocks, including SHFE warrants, have grown by some 9000 tonnes from a week ago and 8000 from Monday to stand at 1.747 million tonnes. The below chart shows the current status of the inventories in major Chinese markets: In this background, the A00 aluminium ingot price has recorded a little plunge to stand at RMB 14810 per tonne. Till yesterday, the price was at RMB 14820 per tonne. This shows that today the ingot price has dipped by RMB 10 per tonne. The average prices are expected to range between RMB 14790 per tonne and RMB 14830 per tonne, with spot discounts...
Zhongwang seeks to expand ties in Europe after being snubbed by US
After experiencing difficulties in the United States market, China’s aluminium extrusion giant China Zhongwang Holdings Ltd is eyeing the Chinese domestic market as well as the market in Europe to expand sales presence. So said the company’s managing director in an interview published on August 28. As per Amada Xu Jing’s report to the South China Morning Post, the firm has had continual problems marketing to the United States because of initial tariffs on Chinese aluminium imports in addition to the late trade unpleasantness between the two countries. Earlier, the firm used to generate a significant portion of its sales from the United States buyers, accounting for 42 per cent of the company total sales in 2009. But just in two years of time, it dropped to as low as 4 per cent, thanks to...
Ukraine’s bauxite import in 2018 to stand low from a year ago despite procuring higher volume in H1
Ukraine’s aluminium ore and concentrated bauxite import volume have reportedly increased by 6.3 per cent in H1 2018 to stand at 2.772 million tonnes, compared to 2.597 million tonnes in the corresponding period of 2017. But the cost remained down by 1.3 per cent to US$ 109.994 million, from US$ 111.423 million in 2017, according to customs statistics released by the State Fiscal Service. {newsStudioGallery} The statistics also show that Guinea accounts for the major share of import cost and that is almost 58 per cent, followed by Guyana that accounts for around 36 per cent and then Brazil 5.48 per cent. In the same period of time, the country reportedly re-exported 45 tonnes of bauxite to Poland and earned US$ 5000, whereas, in the contemporary period of 2017, the country had earned...
Nalco seeks collaboration with Russia for investment and technology at Angul Aluminium Park
The state-owned Navartna Company under Ministry of Mines National Aluminium Company Ltd. (Nalco) has reportedly pitched for Angul Aluminium Park as a potential area for collaboration with Russia for technology and investment, on August 29. This news came after a discussion in the seventh session of India-Russia Sub-Group on Mining under the India-Russia Working Group on Modernization and Industrial Cooperation, to particularly identify the areas of cooperation and collaboration. Angul Aluminium Park is an exclusive state-of-the-art industrial park for ancillary and downstream industries of alumina and aluminium, jointly promoted by NALCO and IDCO. Industry experts have also voiced in favour of this collaboration as they believe it will bring in Russian high-end technology in downstream...
Weiqiao to increase September’s prebaked anode purchasing price; spot price in China remains the same
According to Shanghai Metals Market, Weiqiao Group on Tuesday, August 28, planned to increase its September’s purchasing price for pre-baked anode by RMB 220 per tonne but met opposition from domestic producers who demanded higher prices. SMM expects Weiqiao to make a bigger upward adjustment by over RMB 300 per tonne from that in August. The final purchasing price is still under negotiation. On August 1, Weiqiao had raised prices by RMB 180 per tonne to RMB 3280 per tonne on cash and RMB 3315 per tonne on acceptance, after seven consecutive months of decline. SMM believes this rebound in prices could be because of a new round of restocking for the 2018/19 winter from this month. The average pre-baked anode spot price in China is, however, continuing at RMB 3315 per tonne with no sign of...
Trimet to introduce improved recycling technology at its Gelsenkirchen and Harzgerode plants
The Germany-based aluminium alloy producing and casting company Trimet Aluminium SE is reportedly focusing in aluminium recycling and about to launch a broad range of products and services at the Aluminium Trade Fair this year. It has invested in the modernisation of recycling plants in Gelsenkirchen and Harzgerode with the aim to ensure more productivity and sustainable use of resources. Annually, the company produces around 235,000 tonnes of recycled aluminium and recycling them further is important to meet the rising demand for aluminium. This year and next, the family business will invest a single-digit million euro in both technical equipment and environmental protection measures, focusing primarily on improved productivity and energy efficiency. In Gelsenkirchen, Trimet will install...
UAE’s aluminium bar rods and profiles import to witness a year-on year growth on rising demand
With each passing year, aluminium semi-finished products are becoming an obligatory raw material used in the construction industry across the globe. Over the past 50 years, its use in building applications in the form of rolls, bars, and rods has shown a continuous and consistent growth. Thanks to the characteristics and properties of aluminium as a material that have led to revolutionary and innovative changes in building techniques and architectural and engineering projects. {newsStudioGallery} Even in the United Arab of Emirates, architectural, building, and secondary applications are accounting for a huge growth of the aluminium extrusion market. This is expected to grow further with significant investments being made in the transportation, electrical and industrial sectors across the...
South32 uses new robot technology for safe inspection at Worsley alumina operation
The Australia-based metals and mining company South32 is reportedly using a new robot, the BIKE platform, to execute safety checks at its Worsley alumina operation, the world’s largest alumina project comprised of a bauxite mine near the town of Boddington and an Alumina refinery near Worsley. The BIKE platform is used to carry out inspections of tanks, vessels, and pipes, and till date recorded a total of 67 confined-space entries and 68 working-at-height activities. It features wide-view cameras and an ultrasonic probe and is operated remotely. The robots can even climb the walls and roofs using magnetic wheels and can tackle obstructions such as stairs and 90-degree corners. South 32 said, “One of the main advantages of these mobile robots is that they can reach locations inaccessible...
Chinalco raises non-metallurgical grade alumina floor price; while Chinese alumina spot price shows a hike
China’s largest state-owned aluminium producer The Aluminium Corporation of China Limited (Chinalco) has raised its floor price of non-metallurgical grade alumina to RMB 3500 per tonne on Monday, August 27, Shanghai Metals Market learned. This shows a growth of RMB 100 per tonne from the last floor price released on August 17. Chinalco International Trading Co. has also raised the floor price of spot aluminium hydroxide by RMB 65 per tonne to RMB 2275 per tonne as of August 27, 2018. The alumina spot price, according to SMM, has started this week with the continuation of restraint at RMB 3261 per tonne, from August 24 to 27, but followed by a little hike to RMB 3275 per tonne today, August 28. In the east and south market, the alumina prices have decided to remain unchanged since the...
Arconic Inc. is engaged discussing acquisition offers: Sources say
The Pittsburgh-based world’s sixth largest aluminium products maker Arconic Inc. is busy discussing acquisition offers for the entire company, people familiar with the matter updated. Last month, the company had also made an announcement of its sale process but only for building and construction systems unit. On this current update, the company witnessed 4.7 per cent jump in its shares on Friday to close at US $22.23, giving the company a market capitalization of $10.7 billion. Reportedly, activist hedge fund Elliott Management Corp, the winner of board representation at Arconic last year following a proxy contest, has been instrumental in pushing the company to explore a sale. However, some of the private equity firms have expressed doubts over whether the company's high price...
Three variants of the Ducati Scrambler 1100 now available in India with aluminium features
The Ducati Scrambler 1100 is finally available in India in three variants Scrambler 1100, Scrambler 100 Special, and Scrambler 1100 Sport. The most noticeable difference on the three models of the Scrambler 1100 is that the Standard and the Special come with fully adjustable 45 mm Marzocchi forks upfront and a Kayaba monoshock at the rear, while the Scrambler 1100 Sport is featured with adjustable 48 mm Ohlins USDs up front and an Ohlins monoshock at the rear. The other differences are the Standard model and the Standard 1100 Sport come in two different colours while the Scramble 1100 Special is offered in only one shade, which is customer grey. It has aluminium spoke wheel and brushed aluminium bits beside brown quilted seat, chrome exhaust headers and a slightly lower handlebar. The...
Spain’s aluminium scraps import to see a Y-o-Y rise in 2018; France to be the top exporter
According to the global export-import data, the aluminium scrap import by Spain is forecast to see a year-on-year growth in 2018. The volume is forecast to clock at 223,393 tonnes, 9 per cent up from the estimated volume of 204,005 tonnes in 2017 and 203678 tonnes in 2016. {newsStudioGallery} Along with the volume, Spain's aluminium scrap import cost is also forecast to rise to US$ 226 million in CY 2018 from US$ 205 million in 2017 but a little down from US$ 227 million in 2016. The year-on-year rise in aluminium scrap import to Spain could be primarily attributed to the rising demand across the globe. It is to be noted that aluminium scrap, with each passing year, is continuing to be a significant resource for producing secondary aluminium and subsequently new aluminium products. The...
A00 aluminium ingot price in China extends its surge over the weekend on continued tight supply
The A00 aluminium ingot spot price has extended its surge over the weekend, ending on August 27, from RMB 14610 per tonne, as of August 24, to RMB 14650 per tonne, Shanghai Metal Market found. The average prices are expected to range between RMB 14630 per tonne and RMB 14670 per tonne, with spot prices to settle at RMB 80 to RMB 40 per tonne. In the east and south, the ingot prices climbed RMB 30 per tonne to stand at RMB 14645 per tonne and RMB 14800 per tonne respectively; while in the north, the price registered a growth by RMB 45 per tonne to close at RMB 14615 per tonne. The aluminium ingot price has been rising since the early last week backed on tight supplies to the inventories. Moreover, the forthcoming winter heating season in China have already started resulting in cut down of...
Aluminium alloy application may rise on increasing construction of NEVs charging stations in China
According to the report from Shanghai Metals Market, China is likely to increase the construction of charging stations for new-energy vehicles (NEVs) in the next two years, as production and sales of NEVs in China are on the rise. As per the estimate by market participants, production and sales of NEVs would reach compound annual growth rates (CAGR) of above 50 per cent within the next five years. A CAGR rate above 50 per cent, according to market insiders, is expected to bolster the NEV market further to around RMB 200 billion with the next five years. Until July 2018, some 662,000 charging stations have already been built across China, of which 275,000 stations are public and 387,000 are private, showed data presented at the Shanghai New Energy Vehicle International Conference & Expo...
Turkey’s aluminium semi-finished products export is forecast to see a growth in 2018
Aluminium manufacturing market in Turkey is growing at a moderately steady pace. A recent market research report by Technavio suggests the market will grow at a CAGR of about 4 per cent until 2020. The demand for aluminium in the domestic building and construction sector is seen as a major growth driver for this market. Aluminium extrusion and flat-rolled aluminium product manufacturers would produce over 900,000 tonnes of products in a year to supply to the global companies operating in construction, automotive, and packaging sectors. On this note, it is to be mentioned that aluminium bar rods and profiles, and aluminium plates sheets and strips exports from Turkey are likely to see a year-on-year growth. The below chart shows that in 2017, Turkey had exported an estimated amount of...
Vedanta to carry on Lanjigarh alumina refinery expansion without bauxite from Niyamgiri
After putting countless efforts on overcoming local political unrest at Niyamgiri mines for securing bauxite from there, mining baron Anil Agarwal’s Vedanta Ltd. finally decides to put a stop at it and use alternate bauxite resources for expanding Lanjigarh alumina refinery, a top company official reveals. The Lanjigarh alumina refinery is expected to complete its expansion project to 6 million tonnes per annum by 2021. CEO for Alumina and Power Business Ajay Kumar Dixit says there are enough alternate bauxite resources available to feed the expansion while adding that with the completion of the expansion project, the plant may require about 18 million tonnes of bauxite in a year. Currently, Lanjigarh imports 2.5 to 3 million tonnes of bauxite and sources almost an equal volume from...
Spot alumina price in China continues getting support from stringent supply in the market
Alumina spot price in China has been recording an incessant rise over more than a week. As per the data of Shanghai Metals Market, the price started displaying a surge from Thursday, August 16, from RMB 3059 per tonne to RMB 3108 per tonne, after showing a restraint in the previous day. Since then there was no looking back. On August 17, the price expanded to RMB 3146 per tonne, followed by RMB 3175 on August 20, RMB 3198 on August 21, and RMB 3250 and RMB 3261 in the next two consecutive days. However, today, August 24, the alumina price decided to show no change in the spot market and remained at RMB 3261 per tonne. At the beginning of the month also, the alumina spot price was more or less on the uptrend though range bound in the first few days. Australian alumina FOB price neither...
Exal chooses Lighthouse Systems' Shopfloor-Online MES for its North American manufacturing operations
Exal, the global leader in premium aluminium packaging has once again opted for Lighthouse Systems to implement a manufacturing execution system (MES), Shopfloor-Online, at its North American manufacturing operations in Youngstown, Ohio. This is in a move to support further its industry excellence agenda. Previously, Exal used an SPC software package from Lighthouse Systems and saw the benefits in their quality operations. Stephen Carchedi, Continuous Improvement Manager and Project Manager commented, “Our continued partnership with Lighthouse Systems provides an unprecedented opportunity for us to continue to achieve excellence through the delivery of industry-leading value to our customers by aligning our most important resource, our people, with industry-leading processes and...
