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.
Launch alert! AlCircle’s 11th edition of flagship e-Magazine -“European Aluminium Industry Focus: 2022”
In the wake of previous successful e-Magazine releases, AlCircle is pleased to announce the launch of its 11th edition of e-Magazine - " European Aluminium Industry Focus 2022 ." The magazine throws light on the current state of the European Aluminium Market, as well as a detailed study of the future of the European aluminium sector. Since the middle of 2021, the European aluminium market has been in the news for strong reasons like energy crisis, capacity reduction, supply deficit and production halt. As a result of the power crisis in Europe, manufacturing was reduced or stopped, which resulted in a scarcity of metal and a dramatic price increase. The cost of European aluminium has risen by roughly 15% since the beginning of 2022, exceeding its previous high of October 2021. Prices have...
China’s aluminium billet inventories nosedive by 5,200 tonnes W-o-W to 106,400 tonnes
On Thursday, June 30, China's stockpile of aluminium billets closed at 106,400 tonnes, down by 5,200 tonnes W-o-W across three major consumption areas, from 111,600 tonnes on June 23. Since mid-June, there has been a decrease in the stockpile of aluminium billets, which slowed down quickly after the controversy of repeated promise. The onset of the seasonal low also made downstream demand much weaker. Future destocking of aluminium billet inventories is anticipated to be slower and might perhaps marginally increase. The figure below provides further information on the current state of aluminium billet inventories in China: As per the SMM data, aluminium billet inventories in Wuxi and Huzhou has increased by 4,400 tonnes and 1,000 tonnes to peg at 20,700 tonnes and 21,000 tonnes. In Foshan...
First Movers Coalition announces ambitious target for aluminium industry, aims to achieve net-zero emission by 2050
During the World Economic Forum conference in Davos last month, the First Movers Coalition (FMC) announced a pledge for buyers of low carbon and recycled aluminium. The FMC mainly focuses on the seven most difficult to abate industrial sectors like aluminium, aviation, chemicals, concrete, shipping, steel, and trucking, as well as the advancement of Carbon Removal technology, which accounts for 30 per cent of the worldwide GHG emissions. FMC signatories are also asked to take on an optional commitment to purchase at least 50 per cent of all aluminium from recycled sources by 2030, in addition to the basic commitment to purchase aluminium. This is in line with the increase from 33 per cent necessary today to the world average by 2050 for the whole industry under a 1.5-degree scenario. To...
UAE’s exports of aluminium crude metals and alloys to US in 1Q2022 surge by 19.92%
During the first quarter of 2022 (1Q2022), the United States imported 93,300 tonnes of aluminium crude metals and alloys from the United Arab Emirates (UAE), which heightened by 15,500 tonnes or 19.92 per cent Y-o-Y, from 77,800 tonnes in 1Q2021. As per the USGS statistics, on a Q-o-Q calculation, a dropdown of 8,100 tonnes was recorded in 1Q2022 from 101,400 tonnes in 4Q2022. In March 2022, UAE exported 37,600 tonnes of aluminium crude metals and alloys to the United States, which hiked by 13,500 tonnes or 56.01 per cent from 24,100 tonnes in February. In contrast, February witnessed a plunge of 7,500 tonnes or 23.73 per cent from 31,600 tonnes in January. In March 2022, the United States imported 37,600 tonnes of aluminium crude metals and alloys from UAE, which on a Y-o-Y calculation...
China's A00 aluminium ingot price plunges by RMB140/t; Aluminium alloy (A356) price drops by RMB100/t
On Thursday, June 30, China’s A00 aluminium ingot price has slipped by RMB 140 per tonne to settle at RMB 19,230 per tonne, says the Shanghai Metals Market. The average price for the same is expected to hover between RMB 19,210 per tonne and RMB 19,250 per tonne, with spot contracts to be traded at a discount price of RMB -40 per tonne and a premium price of RMB 0 per tonne. The A00 aluminium ingot price has experienced a downfall in almost all the major provinces, except Wuxi and Hangzhou, where the price has escalated by RMB 110 per tonne to score at RMB 19,340 per tonne and RMB 19,400 per tonne. In Gongyi and Chongqing, the price has declined by RMB 140 per tonne to settle at RMB 19,070 per tonne and RMB 19,210 per tonne. As per the SMM data, the price in Foshan has plunged by RMB 150...
Every Can Counts to promote aluminium can recycling through Soapbox Race
On Sunday, July 3, a team of four members from Every Can Counts will be competing in Red Bull’s renowned Soapbox Race. The main goal behind this participation is to motivate individuals to responsibly dispose of their used beverage cans by emphasising both the endless recycling potential of cans and the diverse applications of aluminium. To complete the course in front of tens of thousands of people at London's Alexandra Palace, the team created and constructed a soapbox with a recycling theme. The part-can, part-plane soapbox racer from Every Can Counts will compete against 70 other teams on an uphill, obstacle-filled course in the hopes of finishing first. Every Can Counts is a non-profit communication programmer designed to motivate, empower, and inspire individuals to recycle their...
Satechi’s W1 wired backlit keyboard exhibits aluminium framework
The slim W1 wired backlit aluminium keyboard from Satechi features backlit keys with three levels of brightness, which can be easily adjusted with the function hotkeys along with volume, pause, play and other buttons. As per the latest information, customers can purchase the Satechi’s Slim W1 wired aluminium backlit keyboard at a good discount rate. The keyboard is designed to pair with Apple setups, with a backlit design that can be connected to Mac or iPad over USB-C. The sleek aluminium finish of the keyboard not just gives it a modern outlook but also makes it lightweight and easy to carry. Aluminium is one of the most widely used and versatile metals. The ability to work for hours and take the computer anyplace is likely the most significant benefit aluminium offers for keyboard...
Leading producer of lightweight aluminium parts Rheinmetall bags a new order of €42 million
Rheinmetall, along with KPSNC, its Chinese joint venture, has bagged a new order for chassis parts destined for an electric SUV made by a new player in the mobility sector. The order value for this is expected to be around €42 million. One of the top manufacturers of lightweight aluminium components is Rheinmetall, which has production sites in both Germany and China under its business unit Castings. Amid the incoming order placed in mid-April 2022, the first pieces are scheduled for an October 2022 delivery. January 2024 marks the start of series production. A total of eight years are allotted for the project. The parts will be made at the Guangde facility in China's Anhui province in accordance with the "local for local" tenet. In response to a formal request for bids, Rheinmetall...
LME aluminium benchmark price hikes by US$47/t to US$2,500/t; SHFE price grows by US$16/t
LME aluminium opened at US$2,488 per tonne on Tuesday and closed at US$2,487 per tonne, down US$1 per tonne or 0.04 per cent. On June 28, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$46.5 per tonne or 1.89 per cent and US$47 per tonne or 1.91 per cent, to settle at US$2,499 per tonne and US$2,500 per tonne. 3-month bid price and 3-month offer price also surged by US$40.5 per tonne or 1.63 per cent and US$40 per tonne or 1.61 per cent to close at US$2,519.50 per tonne and US$2,520 per tonne. December 23 bid price and December 23 offer price soared up by US$45 per tonne or 1.79 per cent to halt at US$2,545 per tonne and US$2,550 per tonne. LME aluminium opening stock settled at 380675 tonnes. Live warrants and Cancelled warrants for the same day...
US aluminium plates, sheets and bars exports to Canada nosedive by 20.66% to 62,200 tonnes
The United States exported 62,200 tonnes of aluminium plates, sheets and bars to Canada in the first quarter of 2022 (1Q2022), which declined by 16,200 tonnes or 20.66 per cent Y-o-Y from 78,400 tonnes in 1Q2021. On a Q-o-Q calculation, a dropdown of 6,200 tonnes or 9.06 per cent was recorded in 1Q2022 from 68,400 tonnes in the fourth quarter of 2021 (4Q2021). In March 2022, Canada imported 23,000 tonnes of aluminium plates, sheets and bars from the United States, which M-o-M hiked by 3,200 tonnes or 16.16 per cent from 19,800 tonnes in February. In February, a surge of 400 tonnes or 2.06 per cent was recorded from 19,400 tonnes in January. As per the USGS data, a Y-o-Y comparison shows a downfall of 6,700 tonnes or 22.55 per cent in March 2022, from 29,700 tonnes in March 2021. The...
A00 aluminium ingot price in China grows by RMB70/t to RMB19,260/t; Aluminium alloy (A356) price hikes by RMB50/t
On Tuesday, June 28, China’s A00 aluminium ingot price has hiked by RMB 70 per tonne to settle at RMB 19,260 per tonne, with the average price expected to range between RMB 19,240 per tonne and RMB 19,280 per tonne and spot contract to be traded at a discount price of RMB -20 and a premium price of RMB 20 per tonne. The A00 aluminium ingot price has grown in almost all the provinces in China, except in Linyi, where the price has remained restrained to score at RMB 19,310 per tonne. The price in Chongqing and Shenyang has surged the highest by RMB 110 per tonne to settle at RMB 19,310 per tonne and RMB19,230 per tonne. The price in Tianjin has moved up by RMB 30 per tonne to settle at RMB 19,220 per tonne. On the same day in Gongyi and Foshan, the price has experienced a growth of RMB 10...
WDS Component adds two new designs to its three spoke aluminium handwheels lineup
A solid wheel and a two spoke version have been added to WDS Components LTD's three spoke aluminium handwheel lineup. The solid handwheels boost safety by eliminating the possibility of a finger trap, making them perfect for usage in more dangerous areas or when a higher rotational speed is necessary. The new two spoke option offers versatility in terms of price and appearance. The corrosion resistance and glossy finish of aluminium construction make it very long-lasting. Options that have been anodized additionally offer better durability and protection. The handwheel designs have handgrips that make it possible to exert more force, increasing their adaptability to use with different machines and shaft sizes and weights. Options for the grip material include aluminium, Bakelite, which is...
Leading banks partner with RMI to combat aluminium decarbonisation
On June 21, Rocky Mountain Institute (RMI) announced that three of the world's largest lenders to the aluminium industry, Citi, ING, and Societe Generale, will collaborate with the centre for climate-aligned finance of RMI to support the decarbonisation of the industry. The new Aluminum Climate-Aligned Finance Working Group, of which Aluminium Stewardship Initiative (ASI) is a member, intends to establish uniformity and openness in reporting and monitoring progress toward climate commitments. The purpose of the Aluminum Climate-Aligned Finance Working Group is to develop collective climate-aligned finance (CAF) framework that specifies how lenders might assist in the decarbonisation of the aluminium sector, which is responsible for 2% of all yearly greenhouse gas emissions. “In order to...
Loop Loop’s Magic Colour Machine allows easy customization of various aluminium components
The Magic Colour Machine, designed by Loop Loop, a Dutch design studio, is fully automated aluminium-anodizing equipment that can be used to customise various aluminium components, was unveiled at the Alcova show during Milan Design Week. The machine can inexpensively and on small scale paint colours and gradients on aluminium as well as remove colours. As a result, components may be endlessly coloured with various finishes, perhaps increasing their lifespan. Odin Visser and Charles Gateau, the founders of Loop Loop, who are located in Rotterdam, think the design can upend a sector heavily reliant on mass production. The two intend to launch a mass customization movement by adapting an industrial process into something that can be done on a smaller scale locally. "We think we've found a...
LME aluminium benchmark price falls by US$44/t to US$2436/t; SHFE price grows by US$9/t
LME aluminium opened at US$2,468 per tonne last Friday and closed at US$2,450 per tonne, down US$18 per tonne or 0.73 per cent. On Friday, June 24, both LME aluminium cash bid price and LME aluminium official settlement price inclined downwards by US$42.5 per tonne or 1.71 per cent and US$44 per tonne or 1.77 per cent. As per the data, LME aluminium cash bid price settled at US$2,435.50 per tonne, and LME aluminium official settlement price closed at US$2,436 per tonne. 3-month bid price and 3-month offer also drifted downwards by US$43 per tonne or 1.72 per cent and US$43.5 per tonne or 1.74 per cent to record at US$2,450 per tonne and US$2,450.50 per tonne. December 23 bid price and December 23 offer price plunged by US$38 per tonne to score at US$2,462 per tonne and US$2,467 per tonne....
Jiangsu Alcha Aluminium joins ASI as new production and transformation member
On June 24, Aluminium Stewardship Initiative (ASI) announced the joining of Jiangsu Alcha Aluminium Group Co., Ltd as its new production and transformation division member. ASI is an industry-led programme which aims to advance sustainability along the whole value chain for aluminium. Jiangsu Alcha Aluminium Group Co., Ltd. ("the Company" or "Alcha"), a provider of comprehensive solutions for various types of heat transfer systems and an integrated clean technology solutions provider, was founded in 1987. It is an advanced manufacturing enterprise specializing in new materials and precision machinery manufacturing. With a floor space of over 240,000 square metres, a building area of roughly 100,000 square metres, total assets of RMB 6 billion, and registered capital of RMB 796 million,...
Primary aluminium weekly recap: Metal industry titans Alcoa and Dofasco minting on green energy; Coal India diversifying into aluminium and solar to decarbonise operations
This week the global primary aluminium segment had been quite an eventful one. If on one hand, the market segment witnessed significant growth in primary aluminium production in regions like Africa and North America, then on the other hand, the need to shift towards a more sustainable and clean environment was given prime importance. Speaking of a carbon-neutral environment, following the government's drive for the energy transition and its goal of having net-zero carbon emissions by 2070, Coal India Limited (CIL) is working to decarbonize its operations. Similarly, industry giants like Dofasco and Alcoa, are also paving their way towards a sustainable environment in response to the rising concern about a carbon-free environment. Next in line is the news of Oleg Deripaska announcing that...
Hindalco Industries’ aluminium ingot price undergoes a hike of INR2250/t on June 24
Hindalco Industries Limited further expanded its aluminium ingot and aluminium products prices, in line with the increase in global aluminium benchmark price. As of Friday, June 24, Hindalco’s aluminium ingot price closed at INR 225,750 per tonne, up by INR 2,250 per tonne or 1 per cent from INR 223,500 per tonne on the previous day. Hindalco also raised its aluminium wire rod and billets prices by INR 2,250 per tonne on Friday, June 24. While the former pegged at INR 236,850 per tonne versus INR 234,600 per tonne a day before, the latter settled at INR 239,850 per tonne compared to INR 237,600 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the LME aluminium price, which as per the data ascended by US$24.5 per tonne or 0.99 per cent to close at US$2,480 per...
