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.
End user weekly recap: Aluminium cans shortage worries local brewery in Las Vegas; Scientists from BSU and Skoltech institute discover improved aluminium for aircraft
The shortage of aluminium cans due to supply constraint continues to worry local breweries. Local brewers have been straining to cope with the shortage since the epidemic. North 5th Brewery Co., a craft brewery in Las Vegas, is unable to increase its output. Apart from this, Belgorod State University (BSU) and Skolkovo Institute of Science and Technology (Skoltech) researchers have uncovered a sequence of patterns in the atomic structure of aluminium that might lead to new and more resistant aluminium alloys for aviation. Hem, a Stockholm-based independent design business known for manufacturing sustainable furniture, accessories, and lighting, will unveil an extruded aluminium shelf system based on Hydro EcoDesign's sustainability principles and extruded aluminium profiles. Hydro...
Primary aluminium weekly recap: Alcoa to supply low-carbon EcoLum™ aluminum to Speira; Green hydrogen a solution to keep Tiwai aluminium smelter operational beyond 2024
This week the world’s primary aluminium segment reflected sporadic yet crucial changes. LME aluminium benchmark price on Monday, April 11, had opened the week with a fall of 4.72 percent to register at US$3,234.50 per tonne. However, on Thursday, April 14, the price had inched up by 0.95 percent to score at 3,237.50 per tonne. Apart from this, SMM price had opened the week on Monday, April 11 with a plunge of RMB 570 per tonne, which however had gone up from RMB 20,850 on April 12, Tuesday, to RMB 21,730 per tonne on Friday, April 15. Alcoa Corporation had said on Thursday, April 14 that it had entered into a supply deal with Speira to offer low-carbon EcoLumTM aluminium. Also, Fortescue Future Industries, a worldwide green energy supplier, claimed that would no longer be a shortage of...
Aluar aluminium plans to spend US$140 million in the San Luis Norte wind farm
Aluar, the largest aluminium smelter in South America and Acindar, the only subsidiary of ArcelorMittal, has agreed to spend $140 million in the San Luis Norte wind farm in the southern province of Chubut alongside chemicals business Petroqumica Comodoro Rivadavia. Aluar will be investing US$130 million in its eponymous wind farm near Puerto Madryn to erect 18 4.5MW turbines. The fourth stage expansion, which is scheduled to start operating in December 2023, will boost the plant's capacity by 81 megawatts to 246 megawatts. The energy produced will be used to power Aluar's principal aluminium factory in Puerto Madryn, "anticipating and exceeding the requirement of the national regime to promote the use of renewable sources," said Aluar chairman Alberto Martinez Costa. Meanwhile, Genneia,...
China’s aluminium billet inventory plunges by 8.02% W-o-W to 146,400 tonnes
On Thursday, April 14, China’s aluminium billet inventory declined by 8.02 percent W-o-W to halt at 146,400 tonnes. The epidemic significantly impacted both freight inflows and outflows, therefore inventories in east China did not alter substantially. The adjustments in east China's inventory will be determined by how the epidemic develops. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan the inventory had fallen by 18,300 tonnes to peg at 63,400 tonnes. Next week, inventories in Foshan may continue to shrink. As per the SMM data, inventory in Wuxi had gone up by 710 tonnes to settle at 39,500 tonnes. Due to weak downstream consumption, stockpiles in Nanchang continued to rise. In Nanchang also the price had climbed up by...
A00 aluminium ingot price closes the week with a rise of RMB270/t; Aluminium alloy (A356) price rises by RMB250/t
As per SMM report, the A00 aluminium ingot price in China has again witnessed a rise on Friday, April 15. For today, the price has increased by RMB 270 per tonne to come in at RMB 21,730 per tonne. The average price for the same is expected to range between RMB 21,710 per tonne and RMB 21,750 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. In Gongyi, Hangzhou and Shenyang the price has gone up by RMB 260 per tonne to record at RMB 21,700 per tonne, RMB 21,840 per tonne and RMB 21,740 per tonne. In Foshan and Wuxi the price has augmented by RMB 370 per tonne and RMB 270 per tonne to close at RMB 21,870 per tonne and RMB 21,725 per tonne. For the same day in Chongqing, Tianjin and Linyi the price has also witnessed growth by RMB 300 per tonne, RMB 290...
EIB’s loan of €75 million to initiate Elval’s second phase of its sustainable investment program
Elval received €75 million 10 year loan from the European Investment Bank (EIB), which will fund half of its new investment. Elval is ElvalHalcor S.A.'s aluminium rolling subsidiary and one of the world's largest aluminium rolling producers. The first phase of ElvalHalcor’s five year investment program was completed by 2020. The new investment relates to the implementation of the second phase of the investment programme, which will cost an additional EUR 150 million, in order to meet increased production capacity targets in response to rising market demand for rigid packaging and other aluminium products, which is being fuelled by global megatrends. On Wednesday, April 13, EIB President Werner Hoyer and Michael Stassinopoulos, chairman of ElvalHalcor's Board of Directors, confirmed their...
US aluminium plates, sheets and bars export in January 2022 shows monthly downfall
The export of aluminium plates, sheets and bars from the United States for January 2022 reflects a month-on-month downfall. In January 2022, US exported a total of 33,100 tonnes of aluminium plates, sheets and bars, which on a month-on-month scale dwindled by 7,400 tonnes or 18.27 percent from 40,500 tonnes in December 2021. In December 2021, the total amount of aluminium plates, sheets and bars exported from the United States closed at 40,500 tonnes, depicting a month-on-month plunge of 20.43 percent or 10,400 tonnes. On a year-on-year calculation, there was a huge downfall of 22,800 tonnes or 40.78 percent from 55,900 tonnes in January 2021. In January 2022, the amount of aluminium plates, sheets and bars exported from the United States stopped at 55,900 tones. For the entire year of...
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China’s A00 aluminium ingot price surges by RMB400/t; Aluminium alloy (A356) price grows by RMB200/t
China’s A00 aluminium ingot price has augmented by RMB 400 per tonne to peg at RMB 21,460 per tonne, opines SMM. The average price for the same is expected to orbit between RMB 21,440 per tonne and RMB 21,480 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. The market will be watching closely to see how the continuing pandemic regulations affect supply and demand. Aluminium prices will remain under pressure if inventories continue to expand. As of today in Gongyi and Foshan, the price has surged by RMB 390 per tonne to come in at RMB 21,440 per tonne and RMB 21,500 per tonne. In Wuxi, Chongqing and Linyi the price has hiked by RMB 400 per tonne total at RMB 21,455 per tonne, RMB 21,500 per tonne and RMB 21,590 per tonne. For the same day in Hangzhou...
Hem’s recycled aluminium shelf to include Hydro Ecodesign’s sustainability principles
Hem, a Stockholm-based independent design firm recognised for producing sustainable furniture, accessories, and lighting, will debut its aluminium shelf system based on extruded aluminium profiles and Hydro EcoDesign's sustainability principles. The shelf is composed of Hydro RESTORE, which is recycled aluminium created from both pre- and post-consumer scrap. Waste from the production process that is melted, cast, and then looped back into the extrusion process is known as pre-consumer scrap. The unique system for Hem was conceived by Andrea Trimarchi and Simone Farresin of the Italian design firm Formafantasma. The customizable shelf system will help retailers, as well as residential and corporate environments. Aside from its distinct appearance, its key selling points are: Easy assembly...
Alupro welcomes Scanmetals, a specialist metal recycling company
On Monday, April 11, Alupro, the aluminium packaging and recycling organisation welcomed Scanmetals as its new member. Based in the United Kingdon, with operations in Scandinavia Scanmetals is a metal recycling company specializing in recovering non-ferrous metals from incinerator bottom ash created by Energy-from-Waste (EfW) plants. “We’re delighted to announce Scanmetals as the first IBA recovery specialist to join Alupro. It demonstrates the company’s commitment to engaging with new audiences, as well as communicating the important role of IBA in the circular economy of tomorrow to consumers. We look forward to exploring the ways in which we can work together and make a real difference to the aluminium packaging recycling industry,” said Tom Giddings, Executive Director of Alupro. The...
LME aluminium price slips by US$20/t to US$3214.50/t; SHFE price rises by US$26/t
LME aluminium opened at US$3,250 per tonne on Tuesday and closed at $3,274 per tonne, an increase of $22.5 per tonne or 0.69 percent. On Tuesday, April 12, LME aluminium cash bid price closed at US$3,214 per tonne and LME aluminium official settlement price halted at US$3,214.50 per tonne. The former witnessed a slump of US$19.5 per tonne or 0.60 percent and the latter dropped by US$20 per tonne or 0.61 percent. 3-month bid price and 3-month offer price also slipped by 0.15 percent or US$5 per tonne and 0.18 percent or US$6 per tonne to record at US$3,244 per tonne and US$3,245 per tonne. On the other, December 23 bid price hiked by US$15 per tonne or 0.48 percent to score at US$3,125 per tonne. For the same day, December 23 offer price also surged by US$15 per tonne or 0.16 percent to...
ASI certifies Hydro’s three aluminium extrusion plant in Brazil
The Aluminium Stewardship Initiative (ASI) has certified each of Hydro's three extrusion operations in Brazil, based on ASI's Performance Standard. The ASI-certified extrusion factories in Brazil are Itu (SP), Tubaro (SC), and Utinga (SP). The factories employ roughly 900 workers in total. ASI assesses many factors to determine whether or not supply chains are increasingly incorporating sustainability and human rights principles. “This achievement was only possible due a lot of collaboration among our departments and outstanding dedication of many people across the organization. Considering that our plant in Argentina also was just certified, now all our plants in South America have earned the distinction of Performance Standard Certification,” says Sergio L. Vendrasco, vice president...
Alcoa receives US$7.7 million to carry out carbon reduction technology for alumina refining
Alcoa is an American industrial corporation and is one of the largest producers of bauxite, alumina, and aluminium products, with a goal of reinventing the aluminium sector for a more sustainable future. On Monday, April 11, Alcoa announced that the Australian governments have contributed $7.7 million to perform experimental trials on a novel carbon reduction technology that will assist Alcoa's Refinery of the Future project. The Australian Renewable Energy Agency (ARENA) has given Alcoa of Australia $6.4 million (A$8.6 million) and Western Australia's Clean Energy Future Fund $1.3 million (A$1.7 million) to test electric calcination (CEFF). “We are the lowest carbon intensity alumina producer in the world, and we have a technology roadmap of future-oriented research and development...
Six Californian companies associated to Chinese billionaire Liu Zhongtian penalized with $1.83 billion in aluminium fraud case
Six Southern California companies linked to Chinese billionaire Liu Zhongtian were fined $1.83 billion on Monday, April 11. They were fined for conspiring to defraud the US through a scheme in which massive amounts of aluminium were disguised as "pallets" to avoid paying $1.8 billion in customs duties exported to the US. They were further "sold" to fraudulently inflate a China-based company's revenues and deceive investors around the world. Perfectus Aluminum Inc. and one of its subsidiaries, as well as four southern California-based warehouses where the aluminium was stored all controlled by Liu were sentenced to pay the fine by US District Judge R Gary Klausner. The firms were also sentenced to five years of probation by the judge. According to the statement, China Zhongwang Holdings...
US export of aluminium scrap for January 2022 reflects M-o-M plunge by 81.95%
The total amount of aluminium scrap exported for January 2022 stood at 32,300 tonnes. On a month-on-month calculation there was a downfall of 146,700 tonnes or 81.95 percent from 179,000 tonnes in December 2021 which further plunged by 29,000 tonnes or 13.94 percent from 208,000 tonnes in November 2021. As per the USGS data, in January 2022, the total amount of scrap exported by the United States was recorded at 32,300. On a year-on-year calculation, the amount nosedived by 120,700 tonnes or 78.88 percent from 153,000 tonnes in January 2021. For January to December 2021 the total amount of aluminium scrap exported by the United States closed at 2,100,000 tonnes. In January 2022, India imported 11,300 tonnes of aluminium scrap to the United States, the highest scrap import for the month....
China’s A00 aluminium ingot price slumps by RMB380/t; Average alumina spot price inches up by RMB2/t
On Tuesday, April 12, China’s A00 aluminium ingot price nosedived by RMB 380 per tonne to record at RMB 20,850 per tonne. The average price for the same day is expected to orbit between RMB 20,830 per tonne and RMB 20,870 per tonne, with spot contract to be traded at a premium price of RMB 60-20 per tonne. In Gongyi and Foshan the price has plunged by RMB 370 per tonne and RMB 380 per tonne to come in at RMB 20,840 per tonne and RMB 20,880 per tonne. In Wuxi and Hangzhou the price has declined by RMB 580 per tonne and RMB 570 per tonne to stop at RMB 21,220 per tonne and RMB 21,305 per tonne. For the same day in Chongqing and Shenyang, the price has witnessed downfall by RMB 355 per tonne and RMB 330 per tonne to halt at RMB 20,875 per tonne and RMB 20,900 per tonne. In Tianjin and Linyi...
Hydro to restart Albras aluminium smelter after a month
On February 19 2022, due to an internal power distribution breakdown, one of the four production lines of Hydro's part-owned main aluminium facility in Brazil, Albras, was shutdown. However, as of April 8 2022, the aluminium facility will be restarted. As a result of the breakdown, one potline, the Albras plant in Barcarena, Pará state, was working at 25% capacity. The plant's other three lines were untouched, and no one was hurt. In Q4 2022, the production line is projected to be fully operational. Albras' entire annual production capacity is 460,000 tonnes. Hydro controls 51 percent of Albras, while Nippon Amazon Aluminium Co. Ltd owns the remaining 49 percent.
Shortage of aluminium cans continues to worry local brewery in Las Vegas
The shortage of aluminium can due to supply chain constraints has stirred the beverage sector. Since the pandemic, the local breweries are struggling to cope with the shortfall. A craft brewery in Las Vegas, named North 5th Brewery Co. is a very famous brewery and has made a name for itself since the time of its inception. However, following the scarcity of aluminium caused due to high demand, the brewery is unable to increase its output. . During the last two years, the price has increased by roughly 125 per cent. Vendors are increasingly expecting larger purchases, according to Wyndee Forrest, president of the Nevada Craft Brewers Association. “The last thing we want to do is to turn it over to the consumer, so for the most part we’ve taken a little hit on that,” said Amanda Payan, the...
