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.
Ma'aden expands regional presence with SABIC’s 20.62% stake in ALBA
Ma'aden, Saudi Arabia's premier mining company, has reached an agreement to acquire SABIC's 20.62 per cent stake in Aluminium Bahrain (ALBA). This acquisition reflects Ma'aden's ongoing commitment to regional expansion and aligns with its ambitious goal to achieve a tenfold growth by 2040. The announcement follows the news that Ma'aden and Aluminium Bahrain (Alba) have agreed on non-binding Heads of Terms to explore the possibility of creating a global aluminium powerhouse in the region. Additionally, Ma'aden revealed plans to consolidate its aluminium business through a Share Purchase and Subscription Agreement with long-term partner Alcoa. Bob Wilt, CEO of Ma'aden, stated, "As we continue in our growth journey, the acquisition of shares in a highly experienced, well-developed regional...
Bizongo enters next phase of expansion with BizongoBuy, targeting 100+ aluminium & steel SME manufacturers
Bizongo, a B2B platform specialising in supply chain financing and integrated raw material procurement solutions like aluminium and steel, has entered the next phase of expansion with BizongoBuy and BizongoFin. Backed by Accel and IFC, the Series E-funded B2B e-commerce platform is strategically adopting the 'golden triangle' approach—integrating commerce, financing, and logistics, a model traditionally used in B2C—to drive innovation in the fast-evolving B2B space. Both BizongoBuy (raw material marketplace) and BizongoFin (embedded supply chain finance platform) will be expanded into new and larger businesses, followed by the appointment of a new CEO. Additionally, Bizongo has bolstered its senior leadership by appointing a Chief Technology & Product Officer and a Chief Financial...
Every Can Counts reports 59% Y-o-Y surge in aluminium cans collection at UK and Ireland festivals
Every Can Counts, a prominent non-profit organisation working to raise awareness about the importance of aluminium cans recycling, has made a significant impact at festivals across the UK and Ireland by helping attendees recycle over 100,000 aluminium cans. This marked a Y-o-Y increase of 59 per cent while raising awareness about the importance of recycling. Over the past few months, 62 ambassadors from the non-profit organisation participated in numerous events, including the Download Festival, the Red Bull Soapbox Race, the Stendhal Festival, 2000 Trees, and the Latitude Festival. At each event, the team employed creative methods to collect aluminium cans, such as custom-designed recycling backpacks, striking cage installations, and festival-themed voting bins. Ambassadors at Download...
Alunet expands its ALUNA range to southwest UK through a partnership with Exeter Trade Aluminium
Alunet Systems, one of the leading aluminium systems suppliers in the UK, is excited to announce the entry of its premium ALUNA product range into the southwest region. This was made possible owing to the recent collaboration with Exeter Trade Aluminium. This collaboration will enable Exeter Trade Aluminium to supply ALUNA aluminium doors, windows, and roof lights across Devon, Cornwall, and Wiltshire. Alunet Systems has developed the ALUNA range to offer a luxurious, modern solution that combines sleek designs with ease of fabrication and installation. The range features stunning sightlines, precision engineering, and uncompromised quality and reliability. Commenting on the partnership, Exeter Trade Aluminium Nick Sandbrook said, “We are delighted to partner with Alunet and add the ALUNA...
Goldco® Security bags the NSSA award 2024 for using Capral’s LocAl® Green Aluminium
Goldco® Security has recently been recognised as the National Security Screen Association (NSSA) Medium Business Winner for 2024, underscoring its leadership in the industry. As part of its commitment to sustainability and social responsibility, Goldco® has adopted Capral's LocAl® Super Green low-carbon aluminium for its Amplimesh® Security range. This move highlights Goldco®'s dedication to environmental stewardship and positions it at the forefront of sustainability in the security screen manufacturing sector. Capral's LocAl® Super Green aluminium, produced using hydroelectric power, boasts an impressive low embodied carbon footprint of just 4kg CO2 per 1kg of aluminium. This makes it one of the most environmentally friendly primary aluminium options available. By incorporating this...
Study finds aluminium treatment in Björnöfjärden Bay safe for ecosystem & humans
The use of aluminium to bind phosphorus in sediments is a well-established method for mitigating eutrophication in lakes with high nutrient storage. Eutrophication is the process in which a water body is excessively enriched with nutrients, which leads to an overgrowth of simple plant life. The rapid proliferation of algae and plankton often marks this process. Aluminium posed no threat to aquatic life A new study revealed that the aluminium treatment applied to the formerly eutrophic bay, Björnöfjärden, posed no significant threat to humans, animals, or vegetation. While aluminium levels briefly increased in the water, fish, and algae following the treatment, the impact was temporary, and aluminium transport to nearby areas remained minimal. This technique was tested on a large scale for...
LME aluminium price hikes by US$36/t driven by recovering demand; SHFE price grows to US$2,777/t
On Thursday, LME aluminium opened at US$2,377.5 per tonne, reached a high of US$2,427.5 per tonne, a low of US$2,374.5 per tonne, and closed at US$2,414 per tonne, up US$34.5 per tonne, an increase of 1.45 per cent. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price have continued to grow for the third consecutive day, fuelled by signs of demand recovery as the market approaches its typical peak season. Consumption is steadily picking up, suggesting a potential turning point in inventory reduction. The prices arrived at US$2,390 per tonne and US$2,390.50 per tonne on Thursday, September 12, following a growth of US$36.5 per tonne or 1.55 per cent and US$36 per tonne or 1.52 per cent. 3-month bid price and 3-month offer price hiked by US$45.5 per...
Rimowa introduces its first aluminium crossbody handbag, a mini version of its original suitcase
Rimowa, the renowned luxury luggage brand from Cologne with over a century of history, has long been celebrated for its dedication to innovation and sustainability. Known for revolutionising the use of aluminium and polycarbonate in its iconic suitcases, Rimowa has now introduced its first unisex handbag, the Original Bag. Outlook of the handbag The Rimowa Original Bag immediately stands out with its signature design elements: the iconic grooved pattern, a seamless colour-matched finish, and rounded reinforced corners. Conceptually similar to the Personal case, the Original Bag is essentially a scaled-down version of the original suitcase but with updated features tailored for handbag use. It is crafted from aluminium with a leather handle reinforced by an aluminium frame, ensuring both...
From solar panels to wind turbines: Role of aluminium in renewable energy infrastructure
Imagine a future where the air is clean, the skies are clear, and our energy sources are as renewable as the sun and wind themselves. At the heart of this green transformation lies an unsung hero—aluminium. However, it might not always have captured the spotlight like more glamorous materials, this unassuming metal is quietly driving a revolution in renewable energy. Alternative and clean energy sources drive ongoing research and development in the aluminium industry, sparking process innovations. From solar panels to wind turbines, aluminium has become an essential material in today's renewable energy landscape. Solar and wind energy have emerged as promising alternatives for powering aluminium smelting operations. However, their intermittent nature presents a challenge that can be...
LME aluminium benchmark price grows by US$31.5/t; SHFE price moves up to US$2753/t
On Wednesday, LME aluminium opened at US$2,342 per tonne, reached a high of US$2,379.5 per tonne, a low of US$2,337 per tonne, and closed at US$2,379.5 per tonne, up by US$37.5 per tonne, an increase of 1.60 per cent. As per the LME data, both cash bid price and official settlement price gained US$31.5 per tonne to clock at US$2,353.50 per tonne and US$2,354.50 per tonne, on Wednesday, September 11. On the same day, both 3-month bid price and 3-month offer price added US$21 per tonne or 0.89 per cent to settle at US$2,364 per tonne and US$2,365 per tonne. December 25 bid price and December 25 offer price ascended by US$20 per tonne or 0.81 per cent to settle at US$2,477 per tonne and US$2,482 per tonne. LME aluminium opening stock came in at 827850 tonnes. Live warrants and Cancelled...
Re-turn teams up with Sarah Reynolds to simplify aluminium cans & plastic bottle recycling
Re-turn, the operator of Ireland's Deposit Return Scheme, has teamed up with professional organiser Sarah Reynolds, the founder of Organised Chaos, to offer practical advice on storing aluminium cans and plastic bottles at home for recycling. According to Re-turn's research, three in five people wait until their bag of aluminium cans and plastic bottles is complete before taking them to their local Deposit Return Point. Sarah has shared convenient and innovative storage solutions suitable for any space to address this. She also provided tips on seamlessly integrating bottle and can returns into the schedule. For this Sarah suggested to designate a specific 'landing spot' for plastic bottles and cans at home. "For smaller spaces, consider a container or a box tucked into the corner of a...
Baise Yinhai Aluminum earns the prestigious "Green Factory" title for its carbon reduction efforts
China-based Baise Yinhai Aluminum was recently honoured with the "Green Factory" title by the Department of Industry and Information Technology of Guangxi Autonomous Region. In recent years, Baise Yinhai Aluminum has been at the forefront of promoting the "green electricity melting aluminium" development model in the region. The company has enhanced research and application of energy-saving, carbon-reducing electrolytic technologies and low-carbon patents. Through a series of energy-efficient upgrades, including the implementation of fully graphitised cathode technology, the company's comprehensive AC power consumption for aluminium production has dropped below 13,200 kWh per ton of aluminium, positioning its energy consumption index for electrolytic aluminium at an industry-leading...
Easy Boba leads the way in eco-friendly packaging with aluminium lids & biodegradable straws
Easy Boba, a fast-growing bubble tea brand renowned for its diverse selection of fruit, milk, and bubble teas, has made a bold move toward sustainability. The Mumbai-based company has introduced PET cans with aluminium lids and biodegradable rice straws in an effort to minimise waste within the bubble tea industry. In response to global trends, there is a heightened emphasis on sustainability within the aluminium sector, focusing on adopting cleaner technologies and utilising renewable energy sources. Notably, the push for reduced carbon emissions drives the industry towards more environmentally friendly practices. Easy Boba is dedicated to eco-friendly practices, placing sustainability at the core of its operations. By introducing innovative materials, the company is reducing its...
Kentucky Aluminum Processor marks the groundbreaking ceremony of its $40 million recycling unit
Kentucky Aluminum Processors marked the groundbreaking ceremony of its much-awaited $40 million aluminium processing facility in Russellville. The new facility is expected to create 75 high-quality jobs in the region. Governor Andy Beshear made the announcement on Tuesday, September 10. The new facility will be functioning as an aluminium recycling plant and is a joint venture between Tri-Arrows Aluminum (TAA) and Tennessee Aluminum Processors (TAP). It will process dross and scrap material from TAA's casting centre at Logan Aluminum, producing molten aluminium and sows. These products will be returned to TAA's recycling and casting facilities at Logan Aluminum or other customer locations. The facility, situated on 37 acres, will accommodate essential equipment, storage, transportation,...
LME aluminium benchmark price ascends by US$5/t; SHFE price gains US$27/t
On Tuesday, LME aluminium opened at US$2,364 per tonne, with a high of US$2,375 per tonne and a low of US$2,332.5 per tonne, closing at US$2,342 per tonne, down US$20.5 per tonne (-0.87 per cent). The LME aluminium cash bid price and LME aluminium official settlement price ascended by US$5 per tonne or 0.21 per cent to halt at US$2,322 per tonne and US$2,323 per tonne as of Tuesday, September 10. As per the LME graph, both 3-month bid price and 3-month offer price added US$10 per tonne or 0.42 per cent and US$10.5 per tonne or 0.40 per cent to settle at US$2,343 per tonne and US$2,344 per tonne. December 25 bid price and December 25 offer price increased by US$9 per tonne or 0.36 per cent to clock at US$2,457 per tonne and US$2,462 per tonne. LME aluminium opening stock came in at 831350...
Altor announces put option, obligating Hydro to acquire 20% stake in Vianode
On September 6, Altor, a private equity fund, exercised its put option, obligating Hydro to acquire an additional 20 per cent stake in Vianode. This transaction results in both Altor and Hydro holding equal 50/50 ownership stakes. Why the put option A put option is a financial contract that grants the buyer the right, but not the obligation, to sell a specified quantity of an asset at a set price, known as the strike price, within a predetermined time frame before the option's expiration date. After Elkem's exit from Vianode in March 2024, Altor and Hydro became the remaining shareholders, holding 70 per cent and 30 per cent stakes, respectively. Their shareholder agreement includes a put-and-call option, allowing either party to adjust ownership to an equal 50/50 split and share...
LME aluminium price dwindles by US$50/t; SHFE price declines by US$22/t
On Monday, LME aluminium opened at US$2,344.5 per tonne, reached a high of US$2,365 per tonne and a low of US$2,326.5 per tonne before closing at US$2,362.5 per tonne, up US$21 per tonne, a 0.90 per cent increase. The LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$50.5 per tonne or 2.13 per cent and US$50 per tonne or 2.11 per cent to settle at US$2,317 per tonne and US$2,318 per tonne. As per the LME price graph, both 3-month bid price and 3-month offer price contracted by US$55 per tonne or 2.30 per cent to dock at US$2,333 per tonne and US$2,333.50 per tonne. December 25 bid price and December 25 offer price declined by US$49 per tonne to peg at US$2,448 per tonne and US$2,453 per tonne. LME aluminium opening stock came in at 834850 tonnes. Live...
Gumei Metal bags the prestigious China Green Building Materials Product Certification
Gumei Metal, a manufacturer of a wide selection of aluminium products, was honoured with the prestigious China Green Building Materials Product Certification. The China-based company received the award for three aluminium products, achieving the highest distinction—the three-star certification. "This recognition not only highlights the superior quality of our offerings but also underscores our unwavering commitment to environmental protection and sustainable development," said Gumei Metal. The China Green Building Materials Product Certification is a program launched by the State Administration for Market Regulation in collaboration with the Ministry of Housing and Urban-Rural Development and the Ministry of Industry and Information Technology. This program aims to drive the green...
