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.
Tiwai Aluminium Smelter CEO Chris Blenkiron hopeful of continuing operations beyond 2024
Chris Blenkiron, the chief executive of New Zealand Aluminium Smelters Limited (NZAS), stated that smelting is better for the environment than a "green hydrogen" plant since it employs more people and generates more income per unit of electricity used. However, if a new power supply agreement with power producers is not reached by the end of 2024, the Tiwai Point Aluminium Smelter, owned by NZAS will have to shut down. Chris Blenkiron stated, "I'm hopeful that through our aluminium, our participation in the energy sector and our determination to be responsible environmental guardians that our story can continue beyond 2024," There is a rumour that a deal is close to being called. According to the reports, Chris Blenkiron revealed to the Trans-Tasman Business Council that he has been in...
WTO rules in favour of Norway, rejects US imports duties on aluminium and steel
A World Trade Organization (WTO) panel has ruled in favour of Norway against the United States in a dispute Norway brought over U.S. import duties imposed on aluminium and steel in 2018. Former U.S. President Donald Trump issued a memorandum setting responsibilities in March 2018. It exempted the European Union and some other allies but struck non-EU member Norway, a significant aluminium producer. The tariffs were imposed on American manufacturers, who had difficulty competing with cheap imports and were forced to close several domestic smelters. "The WTO panel's report, which was released today, concludes that the U.S. tariff on steel and aluminium was in breach of the WTO rules," said the Norwegian ministry. Many members have lodged similar complaints with the WTO, including the...
A00 aluminium ingot price in China drops by RMB90/t; Alumina price went up by RMB10/t
On Friday, December 9, China’s A00 aluminium ingot price has declined by RMB 90 per tonne to settle at RMB 19,260 per tonne, with the average prices ranging between RMB 19,240 per tonne to RMB 19,280 per tonne. The spot contract price is expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The A00 aluminium ingot price witnessed a change in all the major provinces. As per the data, in Foshan and Gongyi, the prices recorded a drop of RMB 130 per tonne and RMB 110 per tonne to settle at RMB 19,200 per tonne and RMB 19,040 per tonne. In Wuxi and Chongqing, the A00 aluminium ingot price slumped by RMB 90 per tonne to stand at RMB 19,245 per tonne and RMB 19,300 per tonne. On the same day, the price in Hangzhou climbed down by RMB 85 per tonne to peg at...
Aluminium prices drop as smelters in Gansu and Inner Mongolia resume production
With smelters in Gansu and Inner Mongolia starting to begin output, aluminium prices recorded a fall on Wednesday, December 7. The recent bulls have been priced in by investors, who have since begun to fret about the speed of US rate hikes and the prospects for Chinese demand. At the current high aluminium prices, market activity in the aluminium ingot and aluminium billet segments was comparatively poor. Poor sales and expensive aluminium may force some downstream manufacturers to halt output. In November, the nation exported 455,599 tonnes of unwrought aluminium and primary, alloy, and semi-finished aluminium products. China's trade surplus decreased to USD 69.84 billion in November of this year from USD 71.7 billion in the corresponding month of the previous year, significantly below...
Glide G2 Series 2 wheelchair features aluminium framework with adjustable seating options
Glide Products, one of the leading manufacturers of a wheelchair in Australia, is known widely for producing customised and lightweight wheelchairs. The company is known for incorporating high-grade Australian aluminium, making the chairs lightweight and recyclable to some extent. The Glide G2 Series 2 is a lightweight, foldable wheelchair with multiple axle positions and customised seating. The wheelchair features an aluminium frame with a single folding cross-member and also comes with fixed or quick-release axles with wheels and rims in aluminium or steel. "The greater majority of our chairs need to be lightweight, strong, and high performing. Aluminium gives us the right specification," said Steve Walsh, operations director and owner. Founded by the two Perth brothers, the company was...
AVBC switches to aluminium cans to promote sustainability
Sustainability has become a top priority for the aluminium industry. From small to large scale, many companies are doing their bit to move towards a greener and cleaner environment. Anderson Valley Brewing Company (AVBC), a California-based brewery, announced they are shifting from glass bottles to aluminium cans, making the switch to the most environmentally friendly beer packaging conceivable. Recycling a can requires 90 per cent less energy than recycling glass bottles since aluminium is constantly recyclable. AVBC stated they would use aluminium cans with cardboard covers to pack the beer bottles. Additionally, by transitioning from glass to cans, AVBC lowered their trucking by approximately 60 per cent. This is because cans are lighter and transport more effectively. By enabling a...
LME aluminium benchmark price falls by US$10.5/t to US$2,450.50/t; SHFE price moves down by US$3/t
The most-traded SHFE 2301 opened at RMB 19,140 per tonne overnight and then closed the night session at RMB 19,185 per tonne, down RMB 70 per tonne or 0.36 per cent. On Wednesday, December 7, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$10.5 per tonne or 0.42 per cent to settle at US$2,450 per tonne and US$2,450.50 per tonne. 3-month bid price and 3-month offer price shrunk by US$13.5 per tonne or 0.54 per cent to peg at US$2,476.50 per tonne and US$2,477 per tonne. December 23 bid price and December 23 offer price slumped by US$15 per tonne or 0.58 per cent to halt at US$2,538 per tonne and US$2,543 per tonne. LME aluminium opening stock clocked at 483575 tonnes. Live warrants and Cancelled came in at 224000 tonnes and 259575 tonnes. LME...
Top 10 investments in the downstream aluminium sector for 2022
The increasing demand and use of aluminium across the globe in various industries like construction, packaging, and transportation shows that the incorporation of this silvery-white is widespread and evolving daily. The downstream segment also witnessed significant investments and enthusiastic purchases worldwide this year. New investments or projects not only open the doors towards improved business opportunities but also creates a scope for employment and an enhanced working environment. The downstream aluminium sector throughout 2022 has witnessed a limited but significant number of investments. Some of the top investments under the aluminium downstream segment in 2022 are: Jindal Aluminium: One of the largest aluminium extrusion companies in India, acquired an acquisition of INR 100...
AlCircle launches 13th edition of e-Magazine – “Innovators and Trendsetters of the Aluminium Industry”
Sustainability, or the urge to shift towards a greener environment, has become the need of the hour. Top companies and individuals, including the aluminium sector, are leaving no page unturned to shift towards this greener industry. Aluminium, also known as green metal, is considered one of the most environmentally friendly and sustainable metals. Eminent aluminium leaders and businesses are striving to create a sustainability roadmap for the sector in response to increased environmental awareness and an emphasis on carbon neutrality. Groups are taking steps to recognise their achievements. Global aluminium companies renowned for their innovations and who have set the trend in the manufacturing sector, like Norsk Hydro, Rio Tinto, Emirates Global Aluminium (EGA), Constellium, Assan...
Vedanta expands its aluminium ingot price by INR4500/t on December 6
Vedanta Limited continued to increase its aluminium ingot and aluminium product prices on Tuesday, December 6. The company expanded its aluminium ingot price by INR 4,500 per tonne or 1.96 per cent to sell the products at INR 233,750-264750 per tonne. On December 3, the price had settled at INR 229,250-260,250 per tonne after witnessing a growth of INR 1,500 per tonne. Aluminium billet price settled at INR 242,750 per tonne, up by INR 4,500 per tonne from INR 238,250 per tonne recorded on December 3. With the latest hike on December 6, Vedanta's aluminium wire rod prices also recorded a surge of INR 4,500 per tonne to halt at INR 241,250-248,750 per tonne. Vedanta hiked its aluminium ingot and aluminium products prices on December 6 in response to the growth in the three-month futures of...
Average alumina spot price in China ascends by RMB14/t to RMB2,850/t; A00 aluminium ingot price gains RMB20/t
On Wednesday, December 7, the average alumina spot price in China went up by RMB 14 to reach RMB 2,850 per tonne. The prices in Shandong, Henan, Shanxi and Guangxi hiked by RMB 15 per tonne to halt at RMB 2,780 per tonne, RMB 2,920 per tonne, RMB 2,895 per tonne and RMB 2,775 per tonne. In Guizhou, the price increased by RMB 10 per tonne to peg at RMB 2,780 per tonne. Only in Lianyungang and Bayuquan, the prices remained restrained at RMB 2,875 per tonne and RMB 2,990 per tonne. On the same day, the A00 aluminium ingot price has moved up by RMB 20 per tonne to score at RMB 19,430 per tonne, with the average prices standing between RMB 19,410 per tonne and RMB 19,450 per tonne. The spot contract price may be traded at a premium price of RMB 20 to RMB 60 per tonne. The A00 aluminium ingot...
Chinese aluminium is subject to new tariffs by the US and EU to combat climate change
In an effort to reduce carbon emissions and global overcapacity, both United States and the European Union (EU) are considering imposing fresh tariffs on Chinese aluminium and steel. The move will be a novel approach as both nations will use tariffs to fight carbon emissions and global overcapacity. According to the sources, the proposaloriginated within President Joe Biden's administration andll inandinfancy and wasn't publicly offered. An agreement with the EU, including specifics on determining thresholds for implementing tariffs, is unlikely until next year. As per the reports, the new framework is primarily directed at China, the world's largest carbon emitter and manufacturer of aluminium and steel, as well as other major polluting nations, and builds on a previous US-EU pact from...
ASI enlists Cevher Jant A.Ş. against the Performance Standard Certification for its two plants in Izmir
Cevher Jant A.Ş., a high-quality aluminium alloy wheel producer in Turkey, achieved ASI Performance Standard V2 (2017) Certification with an emphasis on Material Stewardship for its car wheel manufacturing facility in Izmir, Turkey. As a co-design partner with car OEMs, Cehever contributes its capability to design, develop, produce, and validate the manufactured wheels. The Cevher firm can manufacture two million aluminium alloy wheel production per year. "ASI congratulates CEVHER on achieving Performance Standard Certification with Material Stewardship focus at its two Izmir, Turkey production facilities. Increasing aluminium use in the auto industry is often perceived as being for lightweighting in the body structure and panels. However, aluminium wheels also lighten overall vehicle...
LME aluminium price gains US$36.5/t to US$2,485/t; SHFE price slips by US$35/t
LME aluminium opened at US$2,565 per tonne on Monday and fell to US$2,510 per tonne before closing at US$2,507 per tonne, down US$49 per tonne or 1.92 per cent. On Monday, December 5, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$36.5 per tonne or 1.49 per cent to settle at US$2,484.50 per tonne and US$2,485 per tonne. 3-month bid price and 3-month offer price settled at US$2,515 per tonne and US$2,517 per tonne after recording a growth of US$38 per tonne or 1.53 per cent. December 23 bid price and December 23 offer price gained US$37 per tonne or 1.45 per cent to clock at US$2,577 per tonne and US$2,582 per tonne. LME aluminium opening stock scored at 495550 tonnes. Live warrants and Cancelled warrants came in at 226350 tonnes and 269200...
Bechtel to carry out the feasibility study for Alba’s Line 7 Project
On Monday, December 5, 2022, representatives from Bechtel and Aluminium Bahrain B.S.C. (Alba), one of the biggest aluminium smelters in the world, met virtually to discuss many issues of relevance to both parties. Alba granted International Bechtel Co. Ltd. (Bechtel) the contract to carry out the feasibility study for the Line 7 Project at the virtual meeting. “We are delighted of the partnership we have developed with Bechtel throughout the years, which has translated into awarding them Line 7 Project’s Feasibility Study. This proposed project underlines our ambition to grow organically and will further cement our position as one of the largest environment-friendly smelters in the world,” said Alba’s Chairman Shaikh Daij bin Salman bin Daij Al Khalifa. Shaikh Daij bin Salman bin Daij Al...
Council of State in Netherlands postpones the aluminium can deposit scheme to April 2023
The Council of State (Netherlands) announced that the aluminium can deposit scheme will be executed by April 1, 2023, and not on January 1, 2023, as proposed earlier by Vivianne Heijnen, state secretary for the environment in the Netherlands. As per the reports, since there won't be enough machines by the start of next year for the system to work, the top administrative court decided to delay the rollout of the deposit scheme. Additionally, stores' manual gathering would create several practical issues. Enraged environmental organisations have responded by alleging that the corporate world deliberately obstructed the new system's implementation. The Council of State considers that this approach serves the public interest better than a gradual implementation. The importance of the system's...
Average alumina spot price in China hikes to RMB2,833/t; A00 aluminium ingot price gains RMB190/t
On Monday, December 5, the average alumina spot price in China hiked by RMB 13 per tonne to settle at RMB 2,833 per tonne. The price in Shanxi closed at RMB 2,870 per tonne after recording a growth of RMB 20 per tonne. On the same day, prices in Shandong and Guangxi increased by RMB 15 per tonne to reside at RMB 2,765 per tonne and RMB 2,755 per tonne. In Guizhou and Henan, the prices went up by RMB 10 per tonne and RMB 5 per tonne to clock at RMB 2,770 per tonne and RMB 2,905 per tonne. Lianyungang and Bayuquan remained restrained at RMB 2,875 per tonne and RMB 2,900 per tonne. The A00 aluminium ingot price has ascended by RMB 190 per tonne to stop at RMB 19,520 per tonne, with the average prices ranging between RMB 19,500 per tonne and RMB 19,540 per tonne. The spot contract price is...
Downstream weekly recap: Odisha Chief Minister lays ground for Vedanta’s mega aluminium park; Equispheres Inc. collaborates with Morf3D to develop new high-performance aluminium powders
Equispheres Inc. supports the contented brains that created all inventions that revolutionised the additive manufacturing sector. Recently, it collaborated with Morf3D to identify fresh, high-performance aluminium powders that boost the efficiency and performance of the metal additive manufacturing (AM) industry. At the Make in Odisha 2022 Conclave on Thursday, December 1, according to reports, Odisha Chief Minister Naveen Patnaik officially broke ground for Vedanta's massive aluminium park by pressing a ceremonial button in front of the company's chairman Anil Agarwal. The aerospace-grade 7050 and 7075, as well as the premium aluminium alloys 2024 and 6061, will be developed by SLM Solutions and Elementum 3D by 2023. SLM announced its most recent acquisition of the NXG XII 600E, coupled...
