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.
Norweld Aluminium Ute Trays & Ute Canopies opens its new workshop in Perth
Norweld (1300-302-899), an Australian firm that specialises in heavy-duty aluminium trays and canopies for utes and 4-wheel-drive vehicles, has opened a new workshop in Perth, Western Australia. The new facility in Perth provides Western Australian ute drivers with the full range of Norweld aluminium trays and canopies for a variety of vehicle makes and models. Dion Katemis, WA Manager is in charge of the showroom and fit-out facilities. Norweld now sells aluminium trays for single, double, and extra cabbed utes from their new facility. Each tray may be paired with one of nine canopy packages, which can be either detachable or permanently installed. Ute owners add trays to the back of their cars to safely transport freight and canopies to protect against the weather. The tray and canopy...
Average alumina spot price in China surges by RMB 6/t to peg at RMB 2,818/t; A00 aluminium ingot price hikes by RMB 220/t
According to the Shanghai Metals Market, the average alumina spot price in China has ascended by RMB 6 per tonne to close in at RMB 2,818 per tonne, as of Friday, December 31. For the same day in Henan and Shanxi, the price has surged by RMB 10 per tonne to stand at RMB 2,835 per tonne, respectively. On the other hand in Shandong and Guizhou, the price has gone down by RMB 5 per tonne and RMB 20 per tonne, to peg at RMB 2,860 per tonne and RMB 2,760 per tonne. In other provinces like Guangxi, Lianyungang and Bayuquan, the average alumina spot price has remained unchanged. The price has been recorded at RMB 2,700 in Guangxi, RMB 2,875 in Lianyungang and RMB 2,925 in Bayuquan. On Friday, December 31, the A00 aluminium ingot price has hiked by RMB 220 per tonne to clock at RMB 20,350 per...
Aluminium billet inventories in China hikes by 5,700 tonnes to peg at 80,300 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China surges by 5,700 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 80,300 tonnes, as of Thursday, December 30. Except for Nanchang, inventories climbed in four main markets this week. Huzhou's inventory increased by 3,000 per tonne, or 27.27%, while Foshan's increased by 2,900 per tonne, or 8.31%, accounting for the majority of the weekly increases. By the end of the year, the aluminium billet market had become quiet as most firms were preoccupied with controlling cash flow. As a result, orders were cut and the market remained calm. With the forthcoming New Year's Day vacation, the downstream market is expected to be sluggish in demand next week. The weekly inventory...
Beverage carton manufacturers aim to use 100% renewable and recycled aluminium
To boost their sustainability and assist achieve global climate targets, beverage carton manufacturers have agreed to develop cartons from 100% renewable and recycled material and reduce their plastic usage by 2030. The commitments are part of the Alliance for Beverage Cartons and the Environment's 2030 plan. By the end of the decade, the strategy aims to achieve a 70% recycling rate and a 90% collection rate, as well as improve product design to promote circularity and decarbonize the value chain, all under the objective of limiting global warming to 1.5°C. “We strongly believe that packaging can and should actually contribute to mitigating the two biggest challenges nowadays in our view, which are climate change but also food safety and health and safety,” said Annick Carpentier,...
Egypt Aluminum signs a contract with Consulting Engineering Group for feasibility study
According to a statement filed with the Egyptian Exchange, Egypt Aluminum (Egyptalum) has signed a contract with Consulting Engineering Group (CEGMAN) to undertake a feasibility study for the vehicle rims manufacturing line project. Egypt Aluminum recorded a net profit after tax of EGP 304.718 million in the first quarter of the fiscal year (FY) 2021/2022, compared to a net loss of EGP 150.97 million in the first quarter of the fiscal year (FY) 2020/2021. Egyptalum is a firm headquartered in Egypt that specialises in extruding aluminium profiles for architectural and industrial uses. Aluminium billet casting, dies, extrusion, alloys, painting, and anodizing are some of the services provided by the firm.
LME aluminium price descends by US$13/t to stand at US$2,835/t; SHFE price hikes by US$37/t
LME aluminium opened at US$2,821 per tonne on Wednesday and closed at US$2,812 per tonne, down US$8 per tonne or 0.28%. LME aluminium cash (bid) price moved down by US$11.5 per tonne or by 0.40% to come in at US$2,834.50 per tonne, as of Wednesday, December 29. LME aluminium official settlement price decreased by US$13 per tonne or by 0.45% to total at US$2,835 per tonne, respectively. 3-month bid price and 3-month offer price for the same day was recorded at US$2,818 per tonne and US$2,818.50 per tonne. December 22 bid price and December 22 offer price closed at US$2,773 per tonne and US$2,778 per tonne. LME aluminium opening stock pegged at 959700 tonnes. Live warrants and Cancelled warrants for the same day stood at 710150 tonnes and 249550 tonnes. LME aluminium 3-month Asian Reference...
AAI seeks govt for not imposing anti-dumping duty on caustic soda import
“At this juncture with revival of economy and post pandemic industrial activity back on track, any further restriction on one of the major raw materials for Aluminium will hamper the economic viability of Indian Aluminium industry to the extent of closure of operations thereby affecting the overall economy,” said AAI “The burden of any additional tariffs will be detrimental for the sustainability and cost competitiveness of the Aluminium industry as unlike other industries, it cannot pass through the burden of escalated cost to the end consumers as the global Aluminium prices are governed by London Metal Exchange," added AAI. According to the AAI, caustic soda imports are already restricted in India due to a variety of tariff and non-tariff restrictions, including the requirement to use...
Much awaited aluminium-ion batteries by GMG sent to customers for testing
Graphene Manufacturing Group (GMG) has stated that 2032 type coin cell prototypes of its graphene aluminium-ion batteries ("G+AI Battery") have been supplied to many potential clients throughout the world. According to GMG, coin cell testing has shown that the GMG 2032 type G+AI Battery coin cell prototypes are fully rechargeable in a matter of seconds, retain the capacity for thousands of charge and discharge cycles, are non-flammable, and are nearly totally recyclable. These features outperform ordinary rechargeable Lithium-Ion 2032 type coin batteries, which take 3-6 hours to recharge, are poisonous and may be highly hazardous if consumed, are difficult to recycle, are combustible under certain situations, and deteriorate performance more quickly. When compared to prior proof of...
Average alumina spot price in China remains unchanged to peg at RMB 2,809/t; A00 aluminium ingot price hikes by RMB 140/t
On Wednesday, December 29, the average alumina spot price in China remained restrained to close at RMB 2,809 per tonne, found the Shanghai Metals Market. For the same day in Shanxi and Lianyungang, the price has remained restrained to come in at RMB 2,815 per tonne and RMB 2,875 per tonne, respectively. In Bayuquan as well the price has remained unchanged to total at RMB 2,925 per tonne. In Shandong, the price has remained unchanged to stand at RMB 2,870 per tonne, on the other hand in Henan; the price has remained the same to peg at RMB 2,820 per tonne. The average alumina spot price in Guizhou and Guangxi has also stood unchanged, for the same day. The price for the same has been recorded at RMB 2,780 per tonne and RMB 2,700 per tonne. According to the Shanghai Metals Market, the A00...
SHFE aluminium price ascends by US$25/t to come in at US$3,127/t; LME is closed for Christmas Holidays
The London Metal Exchange was closed on Tuesday, December 28, for Christmas Holiday. On Friday, December 24, LME aluminium cash (bid) price stood at US$2,846 per tonne. On the other hand LME aluminium official settlement price closed at US$2,848 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne, respectively. December 22 bid price and December 22 offer price hovered around US$2,797 per tonne and US$2,802 per tonne. SHFE Aluminium Price Trend On Wednesday, December 29, the benchmark aluminium price for SHFE moved up by US$25 per tonne to stand at US$3,127 per tonne. The most-traded SHFE 2202 aluminium closed down 0.28% or RMB 55 per tonne to RMB 19860 per tonne, with open interest down 1899 lots to 214526 lots. The...
AAI calls on govt. support for custom duty cutback on critical raw materials in the upcoming Union Budget
To boost cost competitiveness in the sector, the domestic aluminium industry has sought a decrease in basic customs duty and a correction in the inverted duty structure on important raw materials such as pet coke, caustic soda, aluminium fluoride, and alumina. The Aluminium Association of India (AAI), on behalf of the local aluminium sector, has requested quick government help in the next Union Budget 2022-23. According to the AAI's pre-budget projections; it has also proposed an increase in the basic customs tax rate for aluminium and products from 10% to 15%, in line with the steel industry. It was also asked that the basic customs duty on raw aluminium is raised from 7.5% to 10%, the duty on aluminium scrap be raised from 2.5% to 10%, and that the duty on downstream aluminium products...
Aluminium sector to confront shortage of dry fuel as centre prioritizes power sector
The non-power sector consumers of coal are expected to confront a shortage of dry fuel in January, as the centre continues to prioritise supply to the power sector. The decision of the Central government to prioritize the supply of coal for thermal power plants since July has raised concern among the non-power sector coal buyers like aluminium, steel and cement. As a result of which, the non-power sector coal buyers have complained about the low coal supply from Coal India Ltd (CIL). Aluminium, steel, and cement producers who rely on domestic coal to power their plants have expressed concern that low supplies are driving up input costs. Especially, for the aluminium producers, even a two-hour power outage could result in extended shutdowns. According to an industry source, several...
Average alumina spot price in China descends by RMB 2/t to close at RMB 2,809/t; A00 aluminium ingot price slips by RMB 30/t
On Tuesday, December 28, the average alumina spot price in China slumped by RMB 2 per tonne to close at RMB 2,809 per tonne, found the Shanghai Metals Market. For the same day in Shanxi and Lianyungang, the price has remained restrained to come in at RMB 2,815 per tonne and RMB 2,875 per tonne, respectively. In Bayuquan as well the price has remained unchanged to total at RMB 2,925 per tonne. In Shandong, the price has gone down by RMB 15 per tonne to stand at RMB 2,870 per tonne. In Henan, the price has gone up by RMB 5 per tonne to peg at RMB 2,820 per tonne. The average alumina spot price in Guizhou and Guangxi has climbed down by RMB 10 per tonne and RMB 25 per tonne, for the same day. The prices for the same stood at RMB 2,780 per tonne and RMB 2,700 per tonne. The Australian alumina...
First Bauxite Corp. appoints Carlos Pinglo as the new CFO
Carlos Pinglo has been named Chief Financial Officer and Corporate Secretary of First Bauxite Corporation ("First Bauxite" or the "Company"), succeeding Ian Fodie. Mr Fodie's services are appreciated, and the Company wishes him well in his future pursuits. First Bauxite is a Canadian mineral exploration and development firm focused on bauxite discoveries in Guyana, South America. The Company's headquarters are in Toronto, and it is led by experienced geoscientists and business development experts who have worked in the exploration and mining industry for a variety of mineral commodities all over the world. Mr. Pinglo will continue to serve as Eurotin Inc.'s Chief Financial Officer and Corporate Secretary. He is an economist with over 20 years of senior management experience in corporate...
Average alumina spot price in China slumps by RMB 3/t to close at RMB 2,811/t; A00 aluminium ingot price closes at RMB 19,810/t
The average alumina spot price in China has opened the week on Monday, December 27, slipping by RMB 3 per tonne to come in at RMB 2,811 per tonne, found the Shanghai Metals Market. For the same day in Henan and Shanxi, the price has remained unchanged to stand at RMB 2,815 per tonne, respectively. In Guangxi and Lianyungang as well, the price has remained restrained to peg at RMB 2,725 per tonne and RMB 2,875 per tonne, for the same day. On the other hand in Shandong and Guizhou, the price has gone down by RMB 30 per tonne and RMB 10 per tonne, to close at RMB 2,885 per tonne and RMB 2,790 per tonne, respectively. In Bayuquan as well the price has remained unchanged to come in at RMB 2,925 per tonne. The Australian alumina FOB price has remained the same to clock in at RMB 345 per tonne....
LME aluminium price ascends by US$30/t to close at US$2,848/t; SHFE price slumps by US$35/t
Three-month LME aluminium opened at US$2,845 per tonne last Friday and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 percent. LME aluminium cash (bid) price climbed up by US$28.5 per tonneor by 1.01 percent to stand at US$2,846 per tonne, as of Friday, December 24. LME aluminium official settlement price also went up by US$30 per tonne or by 1.06 percent to close at US$2,848 per tonne for the same day. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne, respectively. December 22 bid price and December 22 offer price hovered around US$2,797 per tonne and US$2,802 per tonne. LME aluminium opening stock registered at 964175 tonnes. Live warrants and Cancelled warrants for the same day stood at 729150 tonnes...
Aluminium billet inventories in China drop by 900 tonnes this week to clock at 74,600 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China dropped by 900 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 74,600 tonnes as of Thursday, December 23. Only the inventory in Foshan increased by 4,200 tonnes, or 13.68 percent, while stockpiles in Wuxi, Changzhou, and Nanchang all decreased, with Changzhou accounting for the majority of the losses (down 3,100 tonnes, or 25.83 percent). Weekly arrivals of aluminium billet were remained at a low level, according to the warehouses, as producers were less interested in making shipments due to dropping RCs. Some makers of aluminium billets even intended to cut back on manufacturing. The chart below indicates the current status of aluminium billet inventories...
Average alumina spot price in China slips by RMB 4/t to stand at RMB 2,814/t; A00 aluminium ingot price stands at RMB 20,070/t
On Friday, December 24, the average alumina spot price in China has gone down by RMB 4 per tonne to come in at RMB 2,814 per tonne, found the Shanghai Metals Market. The average alumina price in Guizhou has gone down by RMB 50 per tonne to come in at RMB 2,800 per tonne. In Lianyungang and Bayuquan, the price has slumped by RMB 50 per tonne to total at RMB 2,875 per tonne and RMB 2,925 per tonne, for the same day. In Guangxi, the price has slipped by RMB 10 per tonne to close at RMB 2,725 per tonne. On the other hand, in provinces like Shandong, Henan and Shanxi, the price has remained unchanged to clock at RMB 2,915 per tonne and RMB 2,815 per tonne, respectively. The Australian alumina FOB price has remained the same to clock in at RMB 345 per tonne. The price of A00 aluminium ingot has...
