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.
Triangle's Cycling Equipments joins ASI as its new Industrial User member
On Tuesday, July 19, the Aluminium Stewardship Initiative announced the joining of Triangle's Cycling Equipments as its new Industrial User member. Triangle's aspires to be a model business and a pioneer in the development and production of aluminium bicycle frames at the European level. It is the first factory in the world to manufacture aluminium bicycle frames using robots. It invests in innovative technology from the standpoint of sustainable development, with a significant emphasis on satisfying the requirements and expectations of customers and other important stakeholders. The business has innovative equipment designed specifically for transforming aluminium, with the totally robotic welding process standing out. “Triangle’s is an aluminum e-bike frame manufacturer. Our raw...
Aluminum Association urges the Commerce Department to address avoidance of anti-dumping duty by Chinese exporters
In a recent filing with the Commerce Department, the Common Alloy Aluminum Sheet Trade Enforcement Working Group of the Aluminum Association and its individual members claimed that Chinese exporters and producers are allegedly evading unfair trade restrictions on common alloy aluminum sheet (CAAS) from China by selling 4017 alloy aluminium sheet for uses that are typically reserved for 3003 and 3105 aluminium sheet. In order to address the circumvention of antidumping and countervailing duty (AD/CVD) orders released in 2019 on imports of common alloy aluminium sheets from China, the organisation requested that the Department open a "minimal changes" probe. “The U.S. aluminum industry has made a commitment to rigorously monitor and enforce unfair trade laws to ensure a level playing field...
LME aluminium price grows by US$34.5/t to US$2,412/t; SHFE price drops by US$24/t
LME aluminium opened at US$2,430.5 per tonne on Tuesday and closed at US$2,385 per tonne, down US$42 per tonne or 1.73 per cent. On Tuesday, July 19, both LME aluminium cash bid price and LME aluminium official settlement price stopped at US$2,411.50 per tonne and US$2,412 per tonne after witnessing a hike of US$34.5 per tonne or 1.45 per cent. 3-month bid price and 3-month offer price went up by US$29.5 per tonne or 1.23 per cent and US$28.5 per tonne or 1.19 per cent to score at US$2,419.50 per tonne and US$2,420.50 per tonne. December 23 bid price and December 23 offer price spiked by US$25 per tonne to peg at US$2,450 per tonne and US$2,455 per tonne. LME aluminium opening stock was recorded at 325075 tonnes. Live warrants and Cancelled warrants for the same day closed at 156300...
Azerbaijan Industrial Corporation signs deal with Achenbach Buschhütten for rolled aluminium production in Ganja
Azeraluminium LLC, a subsidiary of Azerbaijan Industrial Corporation OJSC, and German company Achenbach Buschhütten signed an agreement to create a joint venture for the manufacture of aluminium goods in Ganja. The manufacturing of rolling aluminium products is envisaged as a part of the agreement, with a first-phase investment of $132 million and an annual production capacity of 105,000 tonnes. On February 20, 1992, Azerbaijan and Germany established diplomatic ties. Azerbaijan opened its first embassy in Western Europe, in Germany, on September 2, 1992, while Germany opened an embassy in Azerbaijan on September 22, 1992. The two nations successfully co-operate in many economic sectors. Germany's primary trading and commercial partner in the South Caucasus is Azerbaijan. In 2021, the...
The Australian Aluminium Council welcomes ABx group, the third member of the bauxite exploration class
On July 19, the Australian Aluminium Council announced the joining of ABx Group (ABx) as its new council member. The businesses of bauxite mining, alumina refining, aluminium smelting, and downstream processing are all represented in Australia by the Australian Aluminium Council. The Sunrise Bauxite Project (a 50:50 joint venture with Alumin Pty Ltd) is now the focus of investigation and approval efforts by ABx. Sunrise, consisting of a bauxite mine on the Binjour plateau and port operations in Bundaberg, Queensland, is expected to produce 500,000 tonnes of gibbsite-rich trihydrate bauxite annually before ramping up to its 2 million-ton maximum operational capacity. Depending on the required licences, the mine might start operating in 2023. Additionally, ABx is conducting exploratory...
China’s A00 aluminium ingot price hikes by RMB160/t to RMB17,900/t; Average alumina price moves up by RMB3/t
On Tuesday, July 19, China’s A00 aluminium ingot price surged by RMB 160 per tonne to settle at RMB 17,900 per tonne. The average price for the same is expected to orbit between RMB 17,880 per tonne and RMB 17,920 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. As per the SMM data, the price in Gongyi and Foshan has hiked by RMB 140 per tonne to come in at RMB 17,810 per tonne and RMB 17,820 per tonne. The price in Wuxi and Hangzhou has also spiked by RMB 150 per tonne to score at RMB 17,890 per tonne and RMB 17,940 per tonne. On the same day in Shenyang and Tianjin, the price has expanded by RMB 140 per tonne to stop at RMB 17,880 per tonne and RMB 17,900 per tonne. In Linyi and Chongqing, the price has escalated...
Low supply of aluminium cans puts craft breweries in Bay Area under pressure
The beverage industry has been affected by the aluminium can shortage brought on by supply chain issues. Local breweries have been straining to fill the gap since the outbreak. The S27 Ales craft brewery in San Jose claimed that securing aluminium cans are becoming difficult for them. "Cans have been the biggest problem for us," said Lucas Szymanowski, co-founder of S27 Ales. Due to the ongoing can shortage, some local craft breweries are adjusting their business practices accordingly. Aluminium cans scarcity is affecting breweries throughout the country, due to pandemic-related industrial slowdowns and increasing demand straining the aluminium supply chain. "The demand for cans, I think, skyrocketed to a point where it outstripped the supply. When it comes to aluminum cans, everybody...
LME aluminium official price dips by US$8.5/t to US$2,320.50/t; SHFE price slides up by US$68/t
LME aluminium opened at US$2,335 per tonne last Friday and closed at US$2,340 per tonne, an increase of US$13 per tonne or 0.56 per cent. On Friday, July 15, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$8.5 per tonne or 0.36 per cent to halt at US$2,319.50 per tonne and US$2,320.50 per tonne. 3-month bid price and 3-month offer price also slumped by US$4.5 per tonne or 0.19 per cent and US$4 per tonne or 0.17 per cent to settle at US$2,335 per tonne and US$2,336 per tonne. December 23 bid price and December 23 offer price settled at US$2,368 per tonne and US$2,373 per tonne. Both of them inched up US$1 per tonne or 0.04 per cent. LME aluminium opening stock pegged at 333000 tonnes. Live warrants and Cancelled warrants 156300 tonnes and 176700...
Primary weekly recap: Rio Tinto to invest US$188 million to scale up low-carbon aluminium billet production; Vedanta Aluminium inks MoU with TÜV SÜD to achieve water-positive sustainability goals;
LME aluminium's official settlement price opened the week with a growth of US$17.5 per tonne to close at US$2,417 per tonne, which declined by US$59 per tonne the next day to halt at US$2,358 per tonne. On Wednesday, the LME aluminium benchmark price slumped by US$15 per tonne to stop at US$2,343 per tonne. On Monday, July 11, A00 aluminium ingot price in China opened the week with a dropdown of RMB 280 per tonne, which dropped by RMB 190 per tonne the next day to halt at RMB 17,990 per tonne. Vedanta Aluminium, the biggest manufacturer of aluminium in India, has joined up with TÜV SÜD, a pioneer in worldwide safety, security, and sustainability solutions, to achieve net water positivity. Rio Tinto, a major worldwide producer of metals and minerals, has announced that it would invest...
Downstream weekly recap: ADC revokes anti-dumping duties on aluminium profiles imported from Vietnam and Malaysia; AKFA plans to expand aluminium products export in 2022
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Because commercial manufacturers obtain the products produced here, downstream is one of the most important areas in the aluminium industry. This week the global aluminium downstream sector witnessed some significant events. To begin with, the Australia Anti-Dumping Commission (ADC) had finished its final examination of the anti-dumping tariff period for aluminium profiles from Vietnam and Malaysia. Due to increased demand for building materials, industrial components, and transportation-related items due to the global economy's recovery from COVID-19, AKFA plans to increase its exports. A Virginia jury found Belvac Production Machinery, a pioneer in designing...
Aluminium billet inventories in China tumble down by 3,200 tonnes W-o-W to 98,500 tonnes
As of July 14, the domestic aluminium billet social inventory closed at 98,500 tonnes, down by 3,200 tonnes W-o-W. Overall, decreased aluminium prices improved downstream consumer confidence. The durability of destocking will need strict monitoring, however, given the consistent output of aluminium smelters and the rise in arrivals. The figure below provides further information on the current state of aluminium billet inventories in China: On July 14, the aluminium billet inventory in Foshan witnessed a surge of 2,200 tonnes to settle at 53,200 tonnes from 51,000 tonnes a week ago. For theOnme day in Wuxi, the inventory in Wuxi spiked by 400 tonnes to stand at 20,600 tonnes from 20,200 tonnes last week. Stockpiles decreased in Changzhou, Huzhou, and Nanchang, where downstream...
Gränges reported record net sales of SEK 6,875 million in 2Q2022 amidst a challenging environment
Gränges, a supplier of rolled aluminium products for heat exchanger applications, reported strong outcomes despite the challenging environment. The company reported 93 per cent sales volume in the second quarter of 2022 (2Q2022), despite the harsh COVID-19-related lockdowns in China. The net sales volume surged to SEK 6,875 million (4,609) in the second quarter of 2022. “Nevertheless, Gränges delivered a solid result. This did not happen by accident but was the result of systematic and focused efforts. The way our team in China succeeded to manufacture and ship products throughout the extended Shanghai lockdown was especially impressive,” said Jörgen Rosengren, President and CEO of Gränges. As a consequence, despite having lower sales volume than in the prior year, Gränges reported an...
EGA and K-Line Group join forces to decarbonize bulk cargo shipping
On July 13, Emirates Global Aluminium and Kawasaki Kisen Kaisha, Ltd. (K-Line Group) signed an agreement to collaborate on research and pilot projects to decarbonize bulk cargo shipping. The K-Line Group is one of the largest shipping groups in the world. To accommodate EGA's bulk cargo shipping routes in the eastern Atlantic Ocean, Mediterranean Sea, and the Indian Ocean, the partnership will help to concentrate on the creation and use of novel marine decarbonisation technologies. “Decarbonisation is an essential challenge for the shipping industry to meet the expectations of our customers and global society. This cooperation with EGA, which has been one of our most important customers for decades, will enable us to jointly make progress towards net zero for both our companies. It will...
China’s A00 aluminium ingot price closes the week with a slip of RMB20/t; Aluminium alloy (ADC12) price drops by RMB100/t
A00 aluminium ingot price in China closes the week with a slip of RMB 20 per tonne to settle at RMB 17,420 per tonne, says the SMM data. The average price for the same is expected to range between RMB 17,400 per tonne and RMB 17,440 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne. As of today, the price in Foshan has risen by RMB 10 per tonne to settle at RMB 17,380 per tonne. However, on the other hand, the price in Chongqing and Tianjin has dropped by RMB 80 per tonne and RMB 70 per tonne to score at RMB 17,400 per tonne and RMB 17,470 per tonne, respectively. On the same day, the price in Wuxi and Hangzhou has descended by RMB 30 per tonne and RMB 20 per tonne to peg at RMB 17,410 per tonne and RMB 17,460 per tonne. In Shenyang, the price has moved...
US Department of Commerce initiates nationwide anti-circumvention enquiry on aluminium foil imports from China
A nationwide anti-circumvention investigation concerning imports of aluminium foil from China that is produced or finished in Thailand and South Korea was self-initiated on Wednesday, July 13, by the U.S. Department of Commerce. According to unfair trade orders released by the Commerce Department in April 2018, these imports are improperly evading the payment of antidumping and countervailing taxes on imports of aluminium foil from China. The Commerce Department will shortly send out questionnaires to the alleged duty evaders, offer chances for interested parties to contribute data pertinent to the agency's operations, and make a preliminary conclusion, which is most likely to take place in the upcoming months. The probe is anticipated to be finished in about a year. Following a move by...
Minerals and metals industry urges government to introduce urban mining in India
Urban mining is the process of removing non-ferrous metals, like aluminium, copper, lead, and zinc, from electronic trash and other wastes that are primarily produced in urban areas. To make deep-seated minerals such as zinc, lead, and copper more accessible, the minerals and metals industry is urging the government to create a new urban mining policy and add a specific clause to the current regulations. “We have to introduce in India a concept called urban mining. We sell around 4 million tonne of aluminium. Out of this, more than 60% is recycled aluminium. In fact, most of the big companies in the world today, including us, are investing heavily into recycling, which is the whole concept of urban mining,” said Satish Pai, managing director of Hindalco. The government should promote...
LME aluminium benchmark price slumps by US$15/t to US$2,343/t; SHFE price declines by US$19/t
LME aluminium opened at US$2,360.5 per tonne on Wednesday and closed at US$2,359 per tonne, down US$1 per tonne or 0.04 per cent. LME aluminium cash bid price closed at US$2,342.50 per tonne, with a US$14.5 per tonne or 0.61 per cent drop, according to London Metal Exchange. LME aluminium official settlement price also slumped by US$15 per tonne or 0.63 per cent to stop at US$2,343 per tonne. 3-month bid price and 3-month offer price tumbled down by US$15 per tonne or 0.63 per cent to peg at US$2,355 per tonne and US$2,355.50 per tonne. Both December 23 bid price and December 23 offer price declined by US$15 per tonne or 0.62 per cent to settle at US$2,375 per tonne and US$2,380 per tonne. LME aluminium opening stock came in at 340300 tonnes. Live warrants and Cancelled warrants for the...
ASI welcomes Cervejaria Masterpiece as its new Industrial User member
On Monday, July 11, Aluminium Stewardship Initiative announced the joining of Cervejaria Masterpiece as its new Industrial Users member. To maximise aluminium's contribution to a sustainable society, producers, users, and stakeholders in the value chain are brought together by ASI, a non-profit organisation that sets standards and provides certification services. Brazil's Niteroi is home to the microbrewery Cervejaria Masterpiece. It has received 28 competition medals in the previous two years and is one of the world's most environmentally friendly brewers. Aside from selling in all nations via an online store, it is also a B Corporation and sells its beers through a network of authorised pubs and supermarkets in the Rio de Janeiro region. “Cervejaria Masterpiece decided to join ASI...
