AlCircle News Edited By "Sarnali Chakraborty"
Sarnali Chakraborty is a content writer with 2 years of experience. She has written articles on various genres like technical, creative, medical, to name some. Here in Alcircle she will be curating articles on the metal industry, writing newsletters and other online and offline content.
LME aluminium benchmark price plunges by US$47/t to US$2,229/t; SHFE price dwindles by US$54/t
LME aluminium opened at US$2,275.5 per tonne on Thursday, with its high and low at US$2,282 per tonne and US$2,202 per tonne, respectively, before closing at US$2,213 per tonne, a drop of US$56.5 per tonne or 2.49 per cent. On Thursday, May 11, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$47.5 per tonne or 2.08 per cent and US$47 per tonne or 2.06 per cent to halt at US$2,228 per tonne and US$2,229 per tonne. 3-month bid price and 3-month offer price dwindled by US$43.5 per tonne or 1.90 per cent and US$44 per tonne or 1.92 per cent to peg at US$2,236.50 per tonne and US$2,237 per tonne. December 24 bid price and December 24 offer price contracted by US$40 per tonne or 1.62 per cent to score at US$2,415 per tonne and US$2,420 per tonne. LME...
Odisha government approves Utkal Alumina expansion proposal at the SLSWCA meeting
On Monday, the Odisha government approved 11 projects worth INR 2,841 crore in investment, expected to provide employment opportunities to around 3,721 people. The approval was granted at the State Level Single Window Clearance Authority (SLSWCA) on Monday, April 8. In addition to aluminium and steel, the approved projects at the SLSWCA meeting include chemicals, plastics, food processing and packaging, textiles and apparel, tourism, and renewable energy. The proposal for expansion of the Utkal Alumina International in Rayagada district and Hindalco Industries in Sambalpur’s Lapanga district was also approved. The two projects are expected to generate around 500 jobs and INR 1,000 crore in investments. Nine of the 11 companies present at the SLSWCA meeting had participated in the Make in...
Moonen 110, the aluminium-built superyacht completes its first week of sea trials
Moonen 110, the three-deck steel hull full displacement motor yacht, has completed its first week of sea trials and endurance test at the Dutch coast on the North Sea. Built using aluminium, the yacht's exterior was designed by René van der Velden Yacht Design, with interiors from Studio Indigo and naval architecture by Diana Yacht Design. "It's always exciting to take a brand new design out for the first time. She performed very well at sea, very stable and comfortable. We really noticed how low the noise and vibrations levels are. She's a beautiful boat," said Project Manager John Bechtold. With a speed of 110 knots and a top speed of 13 knots, the aluminium super-yacht is powered by twin Caterpillar engines, giving them the needed boost. One of the biggest advantages of using aluminium...
Roberts Metal Packaging expands its Softline Extreme aluminium jar range
Roberts Metal Packaging, one of Europe’s leading providers of pre-threaded screw-caps, godets and aluminium and tinplate containers, has added two new collections to its most popular Softline Extreme aluminium jar range. The new range, dubbed Softline Extreme Deep, is available in sizes ranging from 75ml to 250ml, including a new 170ml variant. These sizes are ideal for packing health and beauty goods, including hair care and body butter. The threaded lid and flat, angular bottom of the pack are now available in deep and shallow ranges. The product is also available in sizes ranging from 25ml to 120ml, with a new 100ml pack currently available. “Our Softline Extreme range was originally launched over a decade ago and has proved incredibly popular with customers who have utilised this...
ASI enlists AWM as its new Production and Transformation member
On May 10, Aluminium Stewardship Initiative (ASI) announced the joining of Asiaway Automotive Components Mexico (AWM) as the new Production and Transformation member. AWM specialises in die casting and machining aluminium components. AWM is a subsidiary of Asiaway Group (headquartered in China, Ningbo Asiaway Automotive Components). “As a growing company, Asiaway realises the importance of the key environmental and social impacts of our work and aims to improve its supply chain to the highest standard possible, particularly all aluminium related,” said Manuel Madrigal, GM at AWM. Ningbo Haiwei Auto Parts Co., Ltd. was founded in April 2010. The firm is dedicated to auto part research, development, and manufacturing and also assists clients in realising the lightweight of parts via...
China’s A00 aluminium ingot price drops by RMB70/t in the wake of lower demand and global economic challenges
On Thursday, May 11, China’s A00 aluminium ingot price has decreased by RMB 70 per tonne to halt at RMB 18,320 per tonne. A W-o-W calculation recorded a slump of RMB 190 per tonne from RMB 18,510 per tonne. Today, the average prices are expected to stand between RMB 18,300 per tonne and RMB 18,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The A00 aluminium ingot price has fallen in all the provinces owing to weaker demand in China and global economic headwinds. However, the price in Hangzhou has recorded a sudden growth of RMB 20 per tonne to score at RMB 18,420 per tonne. The prices in Chongqing and Wuxi have slipped by RMB 80 per tonne to stand at RMB 18,390 per tonne and 18,300 per tonne. On the...
Aluminium billet inventories in China ascend by 15,600 tonnes to 157,700 tonnes
On Thursday, May 4, China’s aluminium billet social inventory closed at 157,700 tonnes, up by 15,600 tonnes from the previous week. The increase was primarily attributable to arrivals over the Labour Day vacation and inadequate pre-holiday stockpiling. Smelters have been selling an increasing proportion of their molten aluminium to neighbouring billet factories since demand has been unable to keep up with supply growth. In addition, demand fell in late April. As a result, falling aluminium billet inventories will be tough. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories had shown growth in all the provinces. In Foshan and Huzhou, the inventories had surged by 6,900 tonnes and 3,000 tonnes to reside at 95,600...
Affin Hwang lowers its aluminium price projection for 2023 to 2025 over global growth deceleration
Affin Hwang Capital, the Malaysian-based investment banking group, had reduced its aluminium price per megatonne projections for 2023 to 2025, citing worries about global growth deceleration and a slight oversupply in the aluminium market. The pricing assumptions suggested that aluminium prices may fall below US$1,800 per tonne in the fourth quarter of 2023 (4Q23), following in the footsteps of aluminium prices that have fallen during economic downturns. "We now expect 2023 to 2025 aluminium prices to average at US$2,220, US$2,300, and US$2,400 per megatonne (mt) respectively from US$2,550 per mt previously. We also lower our carbon anode price assumptions as prices have eased since the peak back in June 2022 from lower oil prices," said Affin Hwang Capital. "We expect carbon anode prices...
Mira table by Mark Gabbertas uses aluminium sheet layering process for its structure
Designed by British furniture designer Mark Gabbertas of Chorus, the Mira laptop or side table uses a unique aluminium sheet layering method to achieve its product's ultra-thin visible profile structure. A specially designed double aluminium sheet layering technology, which reduces weight to a minimum, achieves the two crucial goals of an ultra-thin visible profile and a robust structure. Creativity has no limits, and when it comes to aluminium, it can be shaped or bent into different, giving architects the freedom to express their creativity. Also, due to its unique attributes, like being lightweight, recyclable, and sustainable, the metal has been used in multiple sectors. This innovative engineering produces a shape without apparent fixings or hints of the building procedures. With...
Ambev launches Brahma draft beer in 350ml aluminium cans at the Web Summit in Rio
Metal cans, particularly aluminium cans used for beverage and aerosol packaging, are the most recycled packaging units worldwide. The packaging sector grew through 2022 as the demand for beverage cans and packaging foil increased. In 2023, the packaging, electrical and industrial sectors are expected to grow moderately. Ambev, the Brazilian brewing company, launched Brahma draft beer in a 350 ml aluminium can at the Web Summit technological conference held at Rio de Janeiro (RJ). The innovation is now being tested in the city where the event occurred and is only accessible on the Zé Delivery beverages app.Ambev has experienced exponential development in the sale of draft beer in recent years and has heard from customers about their desire to enjoy the drink experience at home in an easy...
Mananalu’s new passion-flavored canned drinking water features 69% recycled aluminium
Jason Momoa, the 'Aquaman' star, launched his canned water business Mananalu in 2019 with a vision to replace single-use plastic bottles with recyclable aluminium ones. The bottles at Mananalu are composed of 69 per cent recycled aluminium. As per the latest reports, the 'Game of Thrones' star celebrated Earth Day by launching a new range of flavoured water in 22-ounce (oz) aluminium cans. The announcement of the same was made by Momoa on his social media account. Momoa also sipped the new flavoured water, revealing the new passion flavour in recycled aluminium cans. The actor and activist did not stop there. He also cast one of his pals as "Plastic Pete," a litterer brought down by Momoa on the New Zealand beach where the skit was shot. At the end of the video, Momoa disclaimed that no...
LME aluminium price surges by US$43.5/t over the weekend to US$2,321/t; SHFE price closes at US$2,650/t
LME aluminium opened at US$2,327 per tonne on Tuesday, with its high and low at US$2,338.5 per tonne and US$2,293 per tonne, respectively, before closing at US$2,315 per tonne, a drop of US$3.5 per tonne or 0.15 per cent. On Tuesday, May 9, both LME aluminium cash bid price and LME aluminium official settlement price scored at US$2,320 per tonne and US$2,321 per tonne. Over the weekend, the prices had surged by US$43 per tonne or 1.88 per cent and US$43.5 per tonne or 1.90 per cent. 3-month bid price and 3-month offer price hiked by US$36 per tonne or 1.57 per cent and US$35 per tonne or 1.52 per cent to settle at US$2,326 per tonne and US$2,327 per tonne. For the same day, December 24 bid price and December 24 offer price clocked at US$2500 per tonne and US$2505 per tonne. LME aluminium...
SRF to invest INR 530 crores for its upcoming aluminium foil manufacturing unit
SRF, the Indian multi-business chemical conglomerate, announced that its board of directors has decided to establish a new facility that would include SRF Altech Limited, a wholly-owned subsidiary of the firm. The new factory, expected to cost INR 425 crore, would produce aluminium foil. As per the reports, the project's cost is expected to rise to INR 530 crores owing to modifications in machine configuration to improve production, product portfolio, and quality, as well as increases in civil and preparatory expenditures. The overall feasibility is projected to stay the same. In January 2022, the board of directors of SRF held a meeting for the construction of the aluminium foil plant. The company mentioned that the anticipated capacity expansion of 21000 MTPA would be added by September...
Techno Airless Aluminium makes a comeback in a greener version
In the midst of expanding innovations and experiments in the packaging business, the rising demands for aluminium due to its unique attributes are increasing effectively. As clients choose eco-friendly and sustainable packaging solutions, innovative aluminium applications in the packaging sector are expanding. The Italy-based luxury packaging company for makeup and skincare products, Lumson, launched Techno Airless Aluminium (TAL), an aluminium airless packaging with a bag, in 2021 and was a massive hit in the market. As per the latest reports, the sustainable product is returning in a greener version. Beginning this year, a TAL version manufactured from post-consumer recycled aluminium (PCR) will be available. Given that aluminium is already a sustainable material since it is 100 per...
Santelmo to launch its 15-metre aluminium alloy yacht at the Fuorisalone event
Santelmo, a startup known for developing sustainable and eco-friendly yachts, recently released a series of revolutionary models made of aluminium alloy and driven by green hydrogen, with over 90 per cent of the materials recyclable. Santelmo picked the Fuorisalone in Milan, from April 17 to 23, for its debut and will provide a unique work. The art, which includes a scale model of a boat, will be shown in the shop of Richard J. Brown, a premium denim company. Fuorisalone is a Milan-based communication and concept design company. The brand shares a sustainable strategy with Santelmo, which likewise tries to instil a feeling of responsibility for sustainability concerns across the supply chain and with customers. The F50P, a 15-metre yacht with a configuration that responds to the rising...
Unity County’s scrap metal recycling event to accept items like aluminium and copper
The Union County Board of County Commissioners announced their upcoming free scrap metal recycling drop-off events for May 2023. From April through November, a range of metal objects, from home appliances to gutters and sheds, are accepted at two countywide collection locations in Cranford and Rahway. Items like air conditioners, aluminium scrap , aluminium siding, bicycles, brass, copper, dishwashers, electric fans, fencing (chain/wire), freezers, gutters, irons, lawn furniture, metal cabinets, metal sheds, microwaves, pots and pans, railings, refrigerators, stoves, tyre rims, toasters, washers and dryers, window frames (no glass) and wire hangers are all acceptable items for recycling. "These free drop-off sites provide our residents with a convenient way to dispose of old, broken or...
China’s A00 aluminium ingot price marks M-o-M fall of RMB260/t owing to weaker metal consumption
According to the Shanghai Metals Market (SMM), A00 aluminium ingot price in China has fallen by RMB 110 per tonne on Tuesday, April 9, to stand at RMB 18,360 per tonne. The spot contract prices are expected to be traded at a premium price of RMB 20 to RMB 60 per tonne, with the average prices standing between RMB 18,340 per tonne and RMB 18,380 per tonne. However, on M-o-M calculation, the price has slumped by RMB 260 per tonne from RMB 18,620 per tonne due to weaker metal consumption by the downstream sector amid limited arrivals of stock in major inventories. As of today, the A00 aluminium ingot prices have fallen in all the provinces. To begin with, the prices in Foshan and Chongqing have dwindled by RMB 130 per tonne to stand at RMB 18,410 per tonne and RMB 18,440 per tonne. In Wuxi...
ISRI2023: Panellists highlight potential impact on aluminium scrap trade between US and India
Panellists at the Institute of Scrap Recycling Industries (ISRI) 2023 Convention & Exposition (ISRI2023) Spotlight on Aluminium session discussed investments in the North American aluminium value chain and potential impacts on aluminium scrap trade between the United States and India. "Unprecedented investment was occurring. And it's remarkable to see that the aluminum industry continues to evolve, change and grow as it continues its history. The market was precariously balanced as of mid-April. That's not good news. That's not bad news. It's just where we are at this point in time," said Steve Williamson, North America research manager for London-based CRU Group. Steve Williamson also said that secondary aluminium demand peaked from 2020 until the summer of 2022. Due to limited supply,...
