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.
Aluminium billet inventories in China fall by 2,100 tonnes W-o-W across 4 major areas
On Thursday, September 8, China's aluminium billet inventories plunged by 2,100 tonnes W-o-W across four major consumption areas. All other regions showed a reduction in their inventories, except Foshan, which had a build-up. Due to rising aluminium prices, downstream purchasers stocked at reduced prices, which aided in the destocking process and Yunnan's power difficulties and the impending holiday. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan has hiked by 3,000 tonnes to close at 78,200 tonnes from 75,200 tonnes recorded last week. The inventory in Foshan increased due to significant arrivals and a minimal improvement in downstream demand. As a result, the inventory in Wuxi dropped by 2,700 tonnes to...
Swisstek Aluminium launches new online portal which will make scrap selling in Sri Lanka easier
The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd, launched a website ( www.metals.lk ) that will make selling scrap in Sri Lanka easier. The website has been created for the Ministry of Industries and Industrial Development Board (IDB), making it easier for firms islandwide to acquire and sell scrap metal, including aluminium, brass, and copper. Exporting scrap metal has been forbidden since the implementation of import limits in 2020, and the Industrial Development Board is the only entity with authority to oversee the sale of scrap metal. Local producers faced difficulties as a result of the time-consuming and resource-wasting nature of the process of selling waste metal. As a result, this website will help business owners use...
Ryerson acquires Midwest’s largest aluminium distributor
One of the biggest aluminium distributors in the Midwest, Howard Precision Metals, Inc., has been acquired by Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals. Howard, based in Milwaukee, Wisconsin, specialises in value-added processing services, such as the distribution of saw-cut extruded aluminium bars and high-quality, precision-cut aluminium plates. "Building on our legacy of over 90 years in the industry, Howard is excited for this opportunity to grow our brand and business with a company that shares our values and commitment to customers. We look forward to continuing to provide excellent service to our customers as a member of the Ryerson Family of Companies,” said Mark Howard, President of Howard. Ryerson is a well-known...
A00 aluminium ingot price in China hikes by RMB340/t; Australian alumina FOB price grows by US$14/t
A00 aluminium ingot price in China soared up by RMB 340 per tonne to settle at RMB18,800 per tonne. The average price for the same is likely to orbit between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts to be traded at a discount price of RMB 80 to RMB 40 per tonne. The aluminium ingot price has shown growth in all the major provinces. In Foshan, the price has spiked by RMB 380 per tonne to record at RMB 18,770 per tonne. In Wuxi, Hangzhou and Chongqing, the price has ascended by RMB 340 per tonne to close at RMB 18,780 per tonne, RMB 18,380 per tonne and RMB 18,820 per tonne. On the same day, in Shenyang and Gongyi, the price halted at RMB 18,780 per tonne and RMB 18,700 per tonne after experiencing a hike of RMB 320 per tonne, respectively. As per the SMM data, the...
Andrew Wood joins ASI as the new Director of Sustainable Investment and Legal
On Thursday, September 8, Aluminium Stewardship Initiative announced the appointment of Andrew Wood as Director of Sustainable Investment and Legal, who will begin his tenure on October 3, 2022. As internal legal counsel for ASI and as a co-company secretary with the CEO, Andrew will be in charge of advancing ASI's engagement with the sustainable finance and investment sector. He will also acquire and analyse market data and help ASI in its mission to change the world's aluminium supply chains to reduce ESG risks. Furthermore, Andrew will support ASI's Beyond Certification strategy pillar. At Alumina Limited, where he spent 14 years getting expertise in the aluminium business, Andrew served as Group Executive Strategy and Business Development. This came after almost 20 years of experience...
Aluminium & Plastic Solutions secures financial support from Panoramic Growth Equity
Panoramic Growth Equity has supported the Lisburn-based stockholding firm, Aluminium & Plastic Solutions (APS), which sells PVCu and aluminium materials to the building sector. With this agreement, Panoramic has now made two investments in Northern Ireland. APS was founded in 2000 and specialises in architectural aluminium glazing solutions for residential and commercial structures. The firm also carries a variety of windows, doors, louvres, roof lanterns, rainwater systems, aluminium and steel sheets and extrusions, and aluminium and PVC fascias. Alan Denver and Ivan Bradford, two of the initial stockholders, were able to leave their operational positions at APS thanks to Panoramic's investment. "Chris and I are delighted to have been backed by Panoramic and believe they will be a strong...
EU and SolarPower reaffirm their commitment to a 45% renewable energy target by 2030
At an event organised by the European aluminium and solar power sectors, represented by European Aluminium and SolarPower Europe, 12 energy-related organisations and city associations reaffirmed their support for a 45 per cent renewable energy target for the EU by 2030. They also urged the Council of the European Union to level up with the spirit of the European Commission and European Parliament. “We are committed to eliminating our dependence on Russian fossil fuels as quickly as we can. Recent events have confirmed that renewables are not only beneficial for providing more sustainable energy, but they also play a role in making our energy supply more affordable and more secure across the EU. We need to move even faster, and that is why we have proposed that we increase our European...
LME aluminium price slips by US$29.5/t to US$2,230.50/t; SHFE price ascends to US$2,650/t
LME aluminium opened at $2,263 per tonne on Wednesday and closed at $2,241 per tonne. On Wednesday, September 7, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$28 per tonne or 1.24 per cent and US$29.5 per tonne or 1.30 per cent to settle at US$2,230 per tonne and US$2,230.50 per tonne. On the same day, 3-month bid price and 3-month offer price slumped by US$25 per tonne or 1.10 per cent to score at US$2,237 per tonne and US$2,238 per tonne. December 23 bid price and December 23 offer price slipped by US$13 per tonne or 0.55 per cent to stop at US$2,312 per tonne and US$2,317 per tonne. LME aluminium opening stock halted at 309500 tonnes. Live warrants and Cancelled warrants closed at 229075 tonnes and 80425 tonnes. LME aluminium 3-month Asian...
Apple’s much-anticipated aluminium variant watch may come in three different shades
The American multinational technology giant Apple Inc., which specializes in consumer electronics, is anticipated to come up with its next model of Apple Watch, dubbed the Apple Watch Pro. As per the reports, the much talked about watch is expected to be available only in aluminium and stainless steel variations, rather than titanium. A recent source claims that the new watch will be unique in several respects, particularly regarding colour. The aluminium version is also expected to come in midnight, starlight, and product (Red) colour choices, while the stainless steel version may be available only in silver and graphite colours. While titanium and ceramic have been possibilities for the Apple Watch from Series 2 to 7, aluminium and stainless steel have remained the most popular and...
Primary aluminium alloy facilities in China expect weaker demand in peak season due to economic downturn
SMM found that operating rates at primary aluminium alloy facilities in China in August were 42.64 per cent, a decline of 8.08 percentage points from the previous year but an increase of 1.3 points from the last month. Since August is typically the off-season for producing primary aluminium alloys, facilities reported weak downstream demand and exceedingly slow output and sales in August compared to July. Fortunately, the alloy makers were spared mainly by the covid-19 outbreak, electricity restriction, and natural calamity that plagued the home market. Several businesses indicated that orders had climbed M-o-M with a seasonal rebound in September, the regular high season. However, most industry insiders believe the seasonal demand recovery this year will be slower than in previous years...
A00 aluminium ingot price in Shenyang grows by RMB25/t to RMB 18,405/t; Low carbon aluminium price moves up by RMB5/t
On Wednesday, September 7, the A00 aluminium ingot price in China reflected no change to settle at RMB 18,400 per tonne, with the average prices ranging between RMB 18,380 per tonne and RMB 18,420 per tonne and the spot contract price expected to be traded at a discount price of RMB 60 per tonne to RMB 20 per tonne. As per the SMM data, the price in Shenyang and Tianjin has increased by RMB 25 per tonne and RMB 20 per tonne to close at RMB 18,405 per tonne and RMB 18,420 per tonne. The price in other provinces like Gongyi and Foshan has shown no change settling at RMB 18,340 per tonne and RMB 18,320 per tonne. On the same day, the price in Wuxi and Hangzhou stood at RMB 18,380 per tonne and RMB 18,430 per tonne. Chongqing and Linyi's price has reflected no change to record at RMB 18,410...
Alupro’s latest initiative will increase the recycling rates of aerosol cans in the UK
Recycling aluminium is one of the main elements for a greener and emission-free environment. Focussing on the same, Alupro, the aluminium packaging and recycling organisation have come up with an initiative which will make the concept of recycling aerosol cans more prevalent amongst the public in the UK. The program has been titled "UK Aerosol Recycling Initiative" and is expected to increase the recycling rate throughout the UK. The project's objective is to guarantee the profitability and recycling of metal aerosols in the post-extended producer responsibility (EPR) and post-deposit return scheme (DRS) environment. Steel or aluminium in metal aerosols may be recycled eternally without suffering any quality loss since metal recycles without end. The project will produce a road map for a...
Hydro's Karmøy facility operations on hold due to low demand for aluminium
Norsk Hydro, one of the largest aluminium companies in the world, announced on Tuesday, September 6, that due to a drop in demand for aluminium, the company has decided to keep a small portion of its aluminium capacity in Norway out of service, following maintenance. Out of the 1.1 million tonnes the firm produces in Norway each year, Hydro has opted not to begin smelting pots at its Karmøy and Husnes facilities, reducing output by a few tens of thousands of tonnes. "The main reason is lower demand for aluminium. We're not actively shutting down but we're holding off on restarts after maintenance this is within what we would call normal variations," said Hydro spokesperson Halvor Molland. Although it played a role in the choice, the rising cost of energy was not the main factor because...
Numsa and South32 in deadlock as wage talks fall apart
According to the union, the National Union of Metalworkers of South Africa (Numsa) and South32's wage negotiations reached a standstill over the weekend. Members of Numsa who work at the KwaZulu-Natal province's Hillside aluminium smelter are involved in the conflict. South32's suggestion that Numsa submits a monetary bid "across the board" was rejected by Numsa. The Commission for Conciliation, Mediation, and Arbitration oversaw the meetings (CCMA). “So in this instance, South 32 is offering 3.1% increase across the board. And then on top of that it is offering a once-off increase of 4% which is paid for only one month in cash. South32 has not been fair in its approach to wage talks. They have already offered white collar workers, who earn much more than ordinary blue collar workers,...
LME aluminium price drifts lower by US$18.5/t to US$2,290.50/t; SHFE price ascends to US$2,661/t
LME aluminium opened at US$2,302 per tonne on Monday and closed at US$2,288 per tonne. On Monday, September 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$18 per tonne or 0.77 per cent and US$18.5 per tonne or 0.80 per cent to settle at US$2,290 per tonne and US$2,290.50 per tonne. 3-month bid price and 3-month offer price slipped by US$11 per tonne or 0.47 per cent to rest at US$2,289 per tonne and US$2,290 per tonne. December 23 bid price and December 23 offer price went down by US$10 per tonne or 0.42 per cent to stop at US$2,347 per tonne and US$2,352 per tonne. LME aluminium opening stock closed at 277050 tonnes. Live warrants and Cancelled warrants settled at 193600 tonnes and 83450 tonnes. LME aluminium 3-month Asian Reference Price...
Alumex reinforces sustainability with its aluminium UBC collection project launch
The largest fully integrated aluminium manufacturer in Sri Lanka and a member of the Hayleys Group, Alumex, recently launched a pilot project in the nation to collect used aluminium beverage cans (UBCs) as part of its initiative to care for the environment. Alumex is reaffirming its commitment to sustainability by ensuring the circularity of aluminium sourcing. Recycling aluminium can be called the need of the hour. With the world already dealing with issues like rising carbon emissions, growing global population, and increasing energy costs, recycling aluminium is proving to be a need than a cause of concern. The manufacturer established sizable bins at strategic points in densely populated areas and laid out plans to implement the project throughout the island. The effort promotes the...
Hydro marks the groundbreaking ceremony for its upcoming aluminium recycling facility in Hungary
The importance of recycled aluminium in the extrusion sector is becoming more significant. On Thursday, September 1, Hydro marked the groundbreaking ceremony for the construction of its upcoming aluminium recycling plant in Szekesfehervar, Hungary. In a market where demand for greener aluminium is increasing, this new plant will solidify Hydro's position as a global leader and enhance its commitment to a greener future. The aluminium factory, which will be constructed next to Hydro's aluminium extrusion facility in Szekesfehervar, will make sophisticated alloys for extrusions utilised in the luxury car market. The new plant is anticipated to begin production in Q1 2024 and will have an annual capacity of 90,000 tonnes. About 80 new jobs will be created due to the investment, estimated to...
China’s A00 aluminium ingot price mounts to RMB18,420/t; Low carbon aluminium price hikes by RMB300/t
A00 aluminium ingot price in China has hiked by RMB 310 per tonne to settle at RMB 18,420 per tonne. The average price for the same is expected to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contracts to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00 aluminium ingot price has expanded in all the major provinces. To begin with, the price in Gongyi has recorded a rise of RMB 330 per tonne to score at RMB 18,400 per tonne.On the same day, the price in Foshan, Wuxi and Hangzhou increased by RMB 300 per tonne to rest at RMB 18,330 per tonne, RMB 18,400 per tonne and RMB 18,450 per tonne. In Chongqing and Linyi, the price has hiked by RMB 290 per tonne and RMB 280 per to stand at RMB 18,430 per tonne and RMB 18,470 per tonne. A00 aluminium ingot...
