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.
TUMI rolls out limited edition 19 Degree aluminium briefcase
TUMI, the manufacturer of high-end luggage and travel bags, has recently rolled out its limited edition 19 Degree aluminium briefcase. As a metal, aluminium finds use across a wide range of fields, from industrial to household to strong and robust briefcases. This limited edition framework features a three-digit combination lock with a push button option and a unique tale patch and weighs a little over seven pounds. The bag has a detachable leather laptop portfolio, two file pockets, two elastic pockets, pen hooks, and a TUMI tracer tag to ensure that it matches the lifestyle of modern business travellers. It also has a top carry handle with a leather wrap. The limited edition piece by TUMI is made up of aesthetically crafted aluminium, with a contemporary and cutting-edge design and...
China’s A00 aluminium ingot price augments by RMB190/t to RMB18,030/t; Australian alumina FOB price dips by US$2/t
On Wednesday, July 27, China’s A00 aluminium ingot price has heightened by RMB 190 per tonne to settle at RMB 18,030 per tonne. The average prices for the same is expected to range between RMB 18,010 per tonne and RMB 18,050, with spot contracts trading at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. The A00 aluminium ingot price has experienced a hike in all the major Chinese provinces. A price surge of RMB 200 per tonne has been observed in Tianjin, where the price settled at RMB 18,060 per tonne, followed by a price hike of RMB 180 per tonne in Wuxi. As per the SMM data, the price in Hangzhou and Chongqing has grown by RMB 170 per tonne to record at RMB 18,060 per tonne and RMB 18,020 per tonne, respectively. In Linyi and Foshan, the price witnessed a...
Why buy AlCircle’s report - “The World of Aluminium Extrusions - An industry analysis with forecasts to 2027"?
The year 2022 heralds a ray of fresh desire and optimism for the downstream aluminium industry, with a lot of upcoming projects, investments, and changes in line. So, the team AlCircle has launched its latest research report, “The World of Aluminium Extrusions - An industry analysis with forecasts to 2027", which offers a thorough analysis and prediction of how the aluminium extrusion market will develop in the coming years while keeping an eye on prior investments, regulatory changes, and pricing trends. The report focuses on the expected production capacity, output, consumption across geographies and applications across end-user sectors, and trade dynamics. The amount of aluminium extruded globally is predicted to reach 31.8 million tonnes by 2022 and increase by around 3.8% annually...
Custom Line’s all-aluminium Navetta 50 construction may begin by 2022-end
Aluminium as a metal is lightweight, corrosion resistant and sturdy, which makes it a good fit for yachts, ships and other similar structures. Custom Line brand’s flagship yacht, the new Navetta 50, is designed entirely out of aluminium. It is a part of the displacement range of the brand and has a displacement hull of fewer than 500 GT, an overall length (LOA) of 49.90 metres, and a beam of 9.60 metres. Custom Line Navetta 50 construction will begin at the end of the year, and the yacht won't be presented until 2024. On the front of sustainability, using aluminium instead of steel, which weighs one-third less than the latter, reduces consumption on a 50-meter boat by around 10-15% of its size and volume (GT). Instead of using a hybrid propulsion system, the builders contend that improved...
LME aluminium price closes 1.15% lower at US$2,431.50/t; SHFE price declines by US$23/t
LME aluminium opened at US$2,459 per tonne on Monday and closed at US$2,408 per tonne, down US$51 per tonne or 2.07 per cent. On Monday, July 25, LME aluminium cash bid price stood at US$2,431 per tonne, and LME aluminium official settlement price closed at US$2,431.50 per tonne. Both the prices experienced a decline of US$28 per tonne or 1.13 per cent and US$28.5 per tonne or 1.15 per cent. On the same day, the 3-month bid price and 3-month offer price also dropped by US$26 per tonne or 1.05 per cent and US$25.5 per tonne or 1.03 per cent to rest at US$2,431 per tonne and US$2,432 per tonne. December 23 bid price and December 23 offer price climbed down the graph by US$25 per tonne or 1 per cent to halt at US$2,470 per tonne and US$2,475 per tonne. LME aluminium opening stock closed at...
Maxion Wheels joins ASI as new Production and Transformation member
Maxion Wheels, a division of Iochpe-Maxion S.A and the world’s leading steel and aluminium wheel supplier, joined Aluminium Stewardship Initiative (ASI) as its new Production and Transformation member. Its low-carbon expertise and energy-efficient designs help cars, buses, trucks, and trailers achieve real-world carbon footprint reductions. Working with global vehicle manufacturers on wheels for personal mobility, transportation, agriculture, defence and off-highway applications, its 10,000 employees operate out of 30 locations in 14 countries on five continents, including state-of-the-art technical centres in the Americas, Europe, and Asia. Together the company produces more than 50 million wheels a year, making us the world’s largest producer and supplier of wheels. “Maxion Wheels is...
Alba’s Chairman expresses gratitude to the shop floor workers on his visit to Casthouse 4
On Sunday, July 24, 2022, Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of the Board of Directors (BOD) of Aluminium Bahrain B.S.C. (Alba), paid a field visit to Alba's Casthouse 4 (CH4). He was joined by Chief Executive Officer Ali Al Baqali, Director Casthouse A. Rasool Ahmed as well as other senior officials. Casthouse 4 was put into service in December 2018 and is an important part of Alba's Line 6 Expansion Project. It has an internal capacity of 530,000 mtpa per year for Value-Added Products. During his field visit, Shaikh Daij bin Salman bin Daij Al Khalifa also met with shop floor workers to express his gratitude for helping the company set a new standard for safety performance and for recording more than 28 million safe working hours without LTI. Alba is the biggest...
China’s A00 aluminium ingot price opens the week with a drop of RMB150/t; Low carbon aluminium price falls by RMB172/t
China’s A00 aluminium ingot price opened the week on Monday, July 25, with a drop of RMB 150 per tonne, after witnessing a hike on Friday, July 22. As per the SMM data, the price for July 25 closed at RMB 17,840 per tonne, with average prices expected to range between RMB 17,820 per tonne and RMB 17,860 per tonne. The spot contracts price is expected to trade at a discount price of RMB 30 per tonne to a premium price of RMB 10 per tonne. The price of aluminium ingot has experienced a downfall in all the major Chinese provinces. In Shenyang, the price has plunged the highest by RMB 180 per tonne to settle at RMB 17,840 per tonne. In Tianjin and Linyi, the price has slumped by RMB 170 per tonne to halt at RMB 17,870 per tonne and RMB 17,900 per tonne. In Gongyi and Wuxi, the price has...
Recycled aluminium weekly recap: North Cork supermarket installs second 'reverse vending machine' to recycle aluminium cans; Hydro's "Green Financing Framework" supports its low-carbon economy mission
Recycling is proven to be more of a need than a cause for concern in the socio-economic climate of today when the world is buzzing with issues like a growing global population, rising carbon emissions, rising energy expenses, and a scarcity of feedstock. And aluminium as a metal is considered to be 100 per cent recyclable and also maintains its original purity throughout recycling is aluminium. To begin with, Hydro’s latest “Green Financing Framework" enables Hydro to offer green financial products and financing tools associated with its sustainability goals and initiatives. As part of its most recent recycling campaign, the German grocery chain Aldi debuted its ongoing "reverse vending machine" trial for the second time in an Irish shop in North Cork. Customers can now easily recycle...
Primary aluminium weekly recap: Rio Tinto inks MoU with Ford Motor for low carbon aluminium supply; Aditya Aluminium initiates to restore water bodies in Odisha’s Rengali Block region
The primary aluminium industry witnessed a lot of significant incidents this week. From the LME aluminium price opening the week with an escalation to the news of Rio Tinto resolving tax disputes with the Australian taxation office, the metal market as a whole had been going through lots of ups and downs. Because aluminium as a metal is one of the most popular metals in the industry, it is always under the radar. To begin with Ford Motor Company and Rio Tinto are establishing a non-binding Memorandum of Understanding (MoU) to work together to create supply chains for batteries and low-carbon components used in Ford cars that are more secure and sustainable. Aditya Aluminium, a subsidiary of Hindalco that runs a smelter and power plant complex at Lapanga in Sambalpur, had been given the...
China's aluminium billet inventories fell by 3,100 tonnes W-o-W to 95,400 tonnes
On Thursday, July 21, the aluminium billet inventories in China dropped by 3,100 tonnes W-o-W to close at 95,400 tonnes, from 98,500 tonnes a week ago. Except for Foshan and Huzhou, all major markets saw a decrease in inventories, partially attributable to fewer exports from smelters in northwest China. However, declining aluminium prices also sparked upstream restocking demand. The stockpile of aluminium billets is anticipated to continue decreasing in the next week. The figure below provides further information on the current state of aluminium billet inventories in China: The aluminium billet inventory in Wuxi witnessed the highest drop by 2,200 tonnes to settle at 18,400 tonnes, from 20,600 tonnes recorded last week, followed by in Changzhou, where the inventory had slumped by 600...
Governor of Kentucky condemns Unity Aluminum for abandoning Ashland aluminium mill project
Five years after lawmakers authorised investing $15 million to assist Unity Aluminum (formerly known as Braidy Industries) build an aluminium mill, the company appears to be abandoning a contentious project in Ashland to take up another project with Steel Dynamics Inc. in the southeast. According to a spokesperson of the company, the Ashland location is "insufficient to satisfy the size and scope requirements" of the new project. Former Gov. Matt Bevin (R), who served as Kentucky Gov. Andy Beshear's predecessor, urged lawmakers to authorise investing $15 million in the Ashland project. Still, the plant never materialised after five years and much debate. Craig Bouchard, the founder of Braidy Industries, quit the organisation in 2020 when concerns arose over his handling of business money....
Ullrich Aluminium's acquisition for NZ$165 million puts Vulcan Steel on the path to a sustainable future
Vulcan Steel has signed a conditional sale and purchase agreement to acquire Ullrich Aluminium for NZ$165 million (A$148.63 million) to diversify into a metal that weighs just one-third as much as stainless steel. Vulcan gained 100 per cent of the aluminium distributor. Net debt of NZ$34 million and net tangible assets of NZ$131 million make up the transaction price. However, both are contingent on completing the accounts through July 31, 2022. According to Rhys Jones, demand is growing because consumers are looking for lighter metals to minimise carbon emissions in transportation and industry. There is a worldwide movement to reduce emissions in aluminium manufacturing. He claimed that the weight of aluminium is nearly equal to that of steel. “The acquisition of Ullrich significantly...
LME aluminium benchmark price slumps by US$30.5/t to US$2,426/t; SHFE price closes at US$2,657/t
The LME aluminium price on Thursday opened at US$2,427 per tonne, closed at US$2,439.5 per tonne, and increased by US$17.5 or 0.72 percent. On Thursday, July 21, the LME aluminium cash bid price slipped by US$32 per tonne or 1.30 per cent to settle at US$2,424 per tonne after witnessing a hike the previous day. LME aluminium official settlement price slumped by US$30.5 per tonne or 1.24 per cent to halt at US$2,426 per tonne. 3-month bid price and 3-month offer price declined by US$22 per tonne or 0.89 per cent and US$23 per tonne or 0.93 per cent to peg at US$2,424 per tonne and US$2,425 per tonne. On the same day, December 23 bid price and December 23 offer price settled at US$2,458 per tonne and US$2,463 per tonne, after witnessing a drop of US$12 per tonne or 0.48 per cent. LME...
Aluminum Association requests unwavering support to strengthen trade enforcement at the USITC hearing
The Aluminum Association provided testimony on Wednesday, July 20, regarding the financial effects of Section 232 and Section 301 tariff programmes before the U.S. International Trade Commission (USITC). The Aluminum Association's president and CEO, Charles Johnson, noted how China's widespread uses of industrial subsidies in the aluminium industry have skewed the world market for the metal. Utilizing American antidumping and countervailing duty rules, the U.S. aluminium sector has recently been successful in obtaining relief from unjustly priced and dumping metal in many markets. These focused actions have given U.S. manufacturers that the USITC unanimously concluded were harmed by unjustly traded imports from China and later other nations’ vitally essential, long-lasting remedies. “The...
WIDIA unveils an innovative chip-breaker for machining aluminium
With the addition of AL Geometry to its ISO Turning portfolio, WIDIA expanded its range of reasonably priced tooling solutions for small to medium-sized machine shops that work with non-ferrous materials and aluminium. The AL Geometry insert offers additional advantages in addition to increased product variety due to the availability of numerous grade and style options. Shorter set-up times are achieved by reducing manual chip collection after each cut, thanks to an improved chip flow caused by a highly polished rake face. In addition to improving overall tooling precision and reducing cutting pressures, the peripheral ground insert also has a sharper cutting edge. Because of the decreased built-up edge caused by reliable tooling performances, customers may spend more time machining and...
Hydro's "Green Financing Framework" supports its mission toward low-carbon economy
Hydro’s green and sustainability-linked financing framework has been created as a part of the company’s dedication to sustainability. The framework enables Hydro to provide green financial products and financing instruments connected to its aims and efforts in sustainability. The "Green Financing Framework," aims to raise money to support Hydro's environmentally friendly business ventures and the inherent ability of Hydro's products to help the shift to a low-carbon economy. This framework has been designed to assist the issuing of green financing instruments and financial products that are linked to sustainability. It also has a second-party opinion from CICERO Shades of Green. The Green Bond Principles (GBP) published in June 2021 by the International Capital Market Association (ICMA)...
China’s A00 aluminium ingot price slips by RMB40/t to RMB 17,840/t; Aluminium alloy (A356) price drops by RMB50/t
China’s A00 aluminium ingot price has dropped by RMB 40 per tonne to close at RMB 17,840 per tonne as of Thursday, July 21. The average price for the same is expected to range between RMB 17,820 per tonne and RMB 17,860 per tonne, with spot contract to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. The price of A00 aluminium ingot has decreased in all the major Chinese provinces. As per the SMM data, the price in Wuxi and Chongqing has descended by RMB 40 per tonne and RMB 60 per tonne to peg at RMB 17,840 per tonne. On the same day, the price in Gongyi and Foshan has also fallen by RMB 10 per tonne and RMB 30 per tonne to halt at RMB 17,810 per tonne and RMB 17,780 per tonne. The A00 aluminium ingot price in Hangzhou and Shenyang has dropped by...
