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.
End user weekly recap: Xiaomi’s latest Electric Scooter 4 Ultra features lightweight aluminium body at MWC 2023; SBTi approves Tubex Aluminium’s GHG emission reduction targets
The Xiaomi Electric Scooter 4 Ultra, introduced at the MWC 2023 and will provide riders with many perks, is a recent illustration of this trend and a great option for dependable and efficient transportation. Tubex, a German maker of aluminium tubes with more than 70 years of experience, became amongst the first 50 packaging businesses globally to have SBTi approve the short-term emissions reduction objectives of Tubex. PGA Tour's annual golf event, The Players Championship, will include aluminium Sawgrass Splash Cup this year, which spectators may keep as a memento or recycle. American Canning, located in Texas, and Aluminium Toyo Ultimate Can (aTULC) are planning to deliver a new can liner to the US craft brewery market. On February 28, OnePlus announced that the OnePlus Ace 2V, a new...
Downstream aluminium weekly recap: Hydro completes acquisition of Hueck; US includes Russian aluminium extrusions in the 200% tariff bar
On February 24, 2023, the Joe Biden Administration slapped a 200 per cent duty on imports of Russian aluminium. According to the Aluminium Extruder Council, this directive will cover imports of Russian aluminium extrusion. Next.e.GO Mobile (e.Go) and Trafigura signed a memorandum of understanding (MOU) to establish a long-term supply chain management service agreement focusing on the supply of aluminium and battery metals like lithium, cobalt, and copper. Fonnov Aluminium, a high-quality aluminium extrusion firm and the top professional extrusion manufacturer in China, added a new product to its line of specially made aluminium extrusion products intended to improve the efficiency of hydrogen fuel cars. On February 28, Hydro finally acquired Hueck after receiving clearance from the German...
Primary aluminium weekly recap: LME bars Russian aluminium in the US warehouses; Hydro to deliver pilot production of zero-carbon primary aluminium by 2030
In reaction to the escalating geopolitics between the United States and Russia, the administration of the world's largest economy said on February 24, 2023, that starting on March 10, 2023, it would impose a 200 per cent import duty on aluminium and derivatives made in Russia. The London Metal Exchange (LME) reported that it would immediately stop issuing warrants for aluminium metal with a Russian provenance from the exchange's storage facilities in the US. On the other hand, Rio Tinto issued a warning that the globe is having difficulty developing renewable energy sources quickly enough to replace fossil fuels and at the necessary scale to meet aggressive emissions objectives. Hydro, one of the leading Norwegian aluminium companies, developed a groundbreaking technology called HalZero,...
Aluminium billet inventories in China plunge by 156,200 tonnes W-o-W to 24,700 tonnes
The aluminium billet inventory decreased for four weeks in a row due to downstream processing companies receiving more orders during the customary peak season and operating at a higher capacity. As per the data, on Thursday, March 2, the inventories in China recorded a W-o-W plunge of 156,200 tonnes to stand at 24,700 tonnes, from 181,000 tonnes recorded a week ago. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan slumped by 13,000 tonnes to score at 80,100 tonnes from 93,100 tonnes recorded a week ago. As per the data, the inventory in Wuxi had fallen by 7,800 tonnes from 39,400 tonnes recorded last week to close at 31,600 tonnes on February 2. On the same day in Huzhou, the inventory had dropped by 4,000...
Canifesto, a new campaign by RTD brands to promote the use of aluminium beverage cans
Canifesto, a new campaign to promote the use of aluminium beverage cans, has been started by five ready-to-drink (RTD) brands to disprove the notion that customers don't prefer drinking from cans by highlighting their environmental friendliness. The Canifesto, an open letter highlighting the benefits of aluminium cans like minimization of waste, lower expenses, and free up time for the hospitality stage, has been launched by The Uncommon, Jukes, MOTH Beverages, Longbottom, and TRIP. The open letter uses market data supporting sustainability to persuade hospitality leaders of the benefits of the can. "Cans help us significantly reduce road miles and carbon emissions. For our customers, serving from an RTD (ready-to-drink) can support speed of service, where access to quality drinks like...
Aluminium futures volume and open interest reach record levels in February, says CME
The Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, reported that participation in aluminium futures is likely to have a strong start in 2023. As per the reports, the average daily volumes (ADV) for aluminium futures in February recorded a four-fold Y-o-Y surge of 300 per cent to 3,161 contracts. The average daily open interest of the 2,549 contracts hiked by 711 per cent Y-o-Y and is expected to last through 2024. According to the computation, about 79,025 tonnes of aluminium were traded on the CME's futures market in February. Each physically deliverable CME contract equals 25 metric tonnes. "We are pleased to see that strong momentum in our Aluminum markets has continued into 2023, and we look forward to helping more participants across the base metals...
SBTi approves Tubex Aluminium’s GHG emission reduction targets
The German aluminium tube manufacturer with more than 70 years of presence, Tubex has managed to be among the first 50 packaging companies worldwide to have their GHG emission reduction targets approved by the Science Based Targets initiative (SBTi). The approval of the short-term emissions reduction goals by SBTi is a significant milestone for the company's sustainability roadmap. SBTi has evaluated and certified Tubex Aluminium Tubes' group-wide near-term reduction objectives for greenhouse gas (GHG) emissions. The company's scope 1 and 2 objective ambition has been categorised by the SBTi, which has decided that it is consistent with a 1.5°C trajectory. These include emissions from the operations of Tubex Aluminium Tubes and those in the supplier chain (scope 1, 2 and 3). "Our...
China’s A00 aluminium ingot price moves up by RMB20/t to RMB18,550/t; Low carbon aluminium price grows to RMB19,152/t
On Friday, March 3, A00 aluminium ingot price in China has moved up by RMB 20 per tonne to stand at RMB 18,550 per tonne. The average prices for the same are likely to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with the spot contract price to be traded at a discount price of RMB 100 to RMB 60 per tonne. On a W-o-W calculation , the price has fallen by RMB 70 per tonne from RMB 18,480 per tonne recorded on Friday, February 24. As per the SMM data, the prices in Linyi and Shenyang have increased by RMB 50 per tonne and RMB 40 per tonne to close at RMB 18,600 per tonne and RMB 18,550 per tonne. In Wuxi and Hangzhou, the prices have grown by RMB 35 per tonne, scoring at RMB 18,550 per tonne. On the same day, in Gongyi and Chongqing, the prices have moved up by RMB 30 per...
Hydro on track to deliver pilot production of zero-carbon primary aluminium by 2030
Aluminium without CO2 emission can be touted as one of the most crucial aspects of climate goals. Developing zero-emission technology for aluminium production can be called the need of the hour in which Hydro has developed a groundbreaking technology called HalZero, which can help produce primary aluminium without greenhouse gas emissions. As per the reports, Hydro's HalZero manufacturing technology will invest in a new testing facility, supported by the government of Norway. With this move, Hydro is on schedule to provide zero-carbon primary aluminium pilot production by 2030. "We know that demand for aluminium will increase, and aluminium without CO2 emissions will mean a lot for the climate goals. Today, the aluminium industry accounts for 2 percent of the world's CO2 emissions. We are...
Players Championship plans to introduce aluminium Sawgrass Splash Cup as a souvenir
The Players Championship, or the annual golf tournament organized by the PGA tour, has been an ardent supporter of sustainability and recyclability. As per the reports, this year, they will introduce aluminium Sawgrass Splash Cup, which can be taken home by the fans as souvenirs or given up in recycling. Students from Flagler College and the University of North Florida will be coming forward for the recycling endeavour. According to a PGA Tour spokeswoman, the students are voluntarily joining the competition's Green Team. They will improve the tour's sustainability initiatives by assisting spectators with correctly disposing of food and beverage containers, pairing papers, and other items. Brazos Barber, the senior manager at PGA Tours, stated the inclusion of the recyclable 16 oz....
Hydro completes acquisition of Hueck, ready to increase its market share in Europe
On February 28, Hydro finally acquired Hueck after receiving clearance from the German and Austrian competition regulators. The two companies signed the agreement for the same on December 2022 . As per the reports, the acquisition will increase Hydro's market share in Germany and other European countries. It also established a strong foundation for future expansion in the extrusions and building systems sectors. The greatest market in Europe for building systems and aluminium extrusions is found in Germany. Hydro will have five extrusion factories, three recycling sites, and 2,000 workers nationwide with this acquisition. These 2000 professionals are experts in developing windows, doors, and façade solutions for the building and construction sector. "Hueck is in many ways a perfect fit...
LME aluminium benchmark price surges by US$64/t to US$2,364/t; SHFE price mounts to US$2,704/t
LME 3M aluminium opened at US$2,370 per tonne and closed Wednesday at US$2,440 per tonne, up US$72 per tonne or 3.04 per cent. On March 1, Wednesday, both LME aluminium cash bid price and LME aluminium official settlement price escalated by US$64 per tonne or 2.78 per cent to halt at US$2,362 per tonne and US$2,364 per tonne. On the same day, 3-month bid price and 3-month offer price expanded by US$60.5 per tonne or 2.57 per cent to peg at US$2,405.50 per tonne and US$2,406.50 per tonne. December 24 bid price and December 24 offer price surged by US$60 per tonne or 2.36 per cent and 2.60 per cent to close at US$2,593 per tonne and US$2,598 per tonne. LME aluminium opening stock came in at 550100 tonnes. Live warrants and Cancelled warrants closed at 439750 tonnes and 110350 tonnes. LME...
Qinghai Baihe Aluminium joins ASI as the new Production and Transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of Qinghai Baihe Aluminium Industrial Co., Ltd as the new Production and Transformation member. The enterprise has the largest electrolytic aluminium manufacturing site in Qinghai Province, with a total design production capacity of 700,000 tonnes. For Shanghai futures trading, the company's "BHL" brand has achieved accreditation for its quality management system, environmental management system, occupational health and safety management system, and energy management system. "Qinghai Baihe Aluminium Industry Co., Ltd. is committed to building the sustainable development of the green low carbon electrolytic aluminium production enterprises. The company adheres to the principles of honesty, innovation and service to customers. We...
Corrivo expands its portfolio with aluminium window pods
Corrivo Building Products, one of the UK’s leading metal flashing manufacturers, expanded its product offerings by adding aluminium window pods to its portfolio to fulfil the demands of architects, specifiers, and façade contractors after providing some custom window pods for many high-profile projects. When making an architectural statement for their façade, builders and specifiers often choose aluminium window pods that surround the window frame. They are the perfect option to satisfy the design requirements of any façade project since Corrivo can produce them in a huge variety of sizes and practically any Reichs-Ausschuss für Lieferbedingungen (RAL) colour. “We’re always reacting to the demands of our customers to adjust our product range, and after manufacturing some window pods for...
ASI recertifies BMW’s Landshut facility in Germany for sustainable use of aluminium
The BMW Landshut light metal foundry uses solar-powered aluminium in addition to recycling waste metal that is recovered during the casting process. As per reports, the Landshut light metal foundry has been recertified by the impartial party for its sustainable use of aluminium, meeting the requirements of the Aluminium Stewardship Initiative (ASI), an international non-profit organisation backed by aluminium producers and processing businesses. The auditing criteria demand conformity with requirements for transparency, general management, corporate integrity, and proof of material stewardship, such as a thorough lifecycle analysis of the company's goods and a complete recycling strategy. In December 2019, the first certification that met the criteria for material stewardship was...
Tradeglaze installs Emmegi Phantomatic X4 CNC machining centre for its aluminium plant
Tradeglaze, the Lincoln-based manufacturer of aluminium doors, windows, and uPVC, unlocked another significant achievement by installing the new Emmegi Phantomatic X4' CNC machining centre for its aluminium plant. The update was a part of the firm's ambitious expansion plan, which it expedited last year in response to the market's exceptional demand for construction and home renovation services. The CNC machining centre is the fourth addition to the fabricator's repertoire in the past twelve months. It has four controllable axes and an electric spindle that continually spins from 0° to 180° to work on the whole workpiece's shape. A software update is also included in this substantial upgrade. The award-winning company recently acquired a new glass table, a spacer bar cutting machine, and...
China’s A00 aluminium ingot price gains RMB110/t to RMB18,440/t; Average alumina price moves down by RMB4/t
On Wednesday, March 1, China's A00 aluminium ingot price has gained RMB 110 per tonne to settle at RMB 18,440 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices will likely range between RMB 18,420 per tonne and RMB 18,460 per tonne. The A00 aluminium ingot price has shown changes in some of the provinces of China. As per the data, the prices in Foshan and Gongyi have hiked by RMB 130 per tonne and RMB 100 per tonne to close at RMB 18,460 per tonne and RMB 18,360 per tonne. On the other hand, in provinces like Wuxi and Hangzhou, the prices have gone down by RMB 5 per tonne to come in at RMB 18,320 per tonne and RMB 18,340 per tonne. On the same day, the prices in Chongqing, Shenyang, Tianjin and...
Trafigura and e.Go Mobile sign MOU to ensure long-term supply of aluminium and other battery metals
Next.e.GO Mobile (e.Go), the Aachen-based German manufacturer of electric vehicles and sustainable mobility systems, has signed a memorandum of understanding (MOU) with Trafigura to create a long-term supply chain management service agreement focussing on the supply of aluminium and battery metals like lithium, cobalt, and copper. The deal will considerably improve e.GO's capacity to follow its decentralised growth plan and strengthen supply chain dependability. Under the agreement, Trafigura will meet all of e.GO's requirements for transition and battery metal. The agreement also specifies how carbon intensity for each source of metals in the supply chain will be measured and how carbon declaration and transparency will be provided via the Agora supply chain emissions platform. "This...
