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.
SMM A00 aluminium ingot price grows by RMB60/t; Low carbon aluminium price adds RMB47/t
On Thursday, June 27, China's A00 aluminium ingot price added RMB 60 per tonne to clock at RMB 20,120 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices are expected to range between RMB 20,100 per tonne and RMB 20,140 per tonne. In Foshan and Tianjin, the prices have gained RMB 70 per tonne and RMB 60 per tonne, settling at RMB 19,910 per tonne and RMB 20,170 per tonne. As per the SMM data, the prices in Wuxi, Hangzhou, Chongqing, Shenyang and Linyi have increased by RMB 60 per tonne. The price in Wuxi Hangzhou and Linyi settled at RMB 20,120 per tonne. Chongqing and Shenyang's prices arrived at RMB 20,040 per tonne and RMB 20,100 per tonne. In Gongyi, the domestic aluminium ingot price hiked by RMB 50 per...
LME aluminium benchmark price falls by US$7.5/t; SHFE price gains US$8/t
The previous trading day, LME Aluminum opened at US$2,496 per tonne, with a high of US$2,516 per tonne, a low of US$2,482 per tonne, and closed at US$2,511.5 per tonne, up US$14.97 per tonne, an increase of 0.6 per cent. On Wednesday, June 26, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$7.5 per tonne or 0.71 per cent and 0.30 per cent to settle at US$2,443.50 per tonne and US$2,444 per tonne. As per the SMM price graph, 3-month bid price and 3-month offer price lost US$6 per tonne or 0.24 per cent and US$5 per tonne or 0.20 per cent to peg at US$2,492 per tonne and US$2,494 per tonne. December 25 bid price and December 25 offer price moved down by US$2 per tonne or 0.07 per cent to settle at US$2,638 per tonne and US$2,643 per tonne. LME...
India’s imported aluminium scrap prices fall W-o-W owing to monsoon slowdown despite stable LME rates
This week, India's imported aluminium scrap prices have experienced a downward correction. This is primarily due to the impact of the approaching monsoon on market demand, despite the stable LME aluminium prices. The resulting activity slowdown has led to this market shift. The 3-month LME aluminium prices remained steady at $2,500/t, with little change week-over-week. According to BigMint's assessment, tense scrap from the Middle East, particularly the UAE, saw a US$30 per tonne decline, settling at US$1,800 per tonne. Additionally, zorba 95/5 from the UK dropped by $50 per tonne, reaching $2,080 per tonne CFR on the west coast of India. Meanwhile, a few grades like US tense 6-7 per cent and UK taint tabor C/S recorded a drop of up to US$25 per tonne w-o-w moving down to US$1,835 per...
ASI welcomes Aminco Resources as the new General Supportive Member
Aluminium Stewardship Initiative announced the joining of Aminco Resources as the new General Supportive member. Established in 1986, Aminco Resources specializes in supplying carbon materials and complementary products like aluminium fluoride and crushed bath to the global primary aluminium industry. Aminco collaborates closely with its customers, offering solutions in logistics, financing, and risk management and providing carbon technology expertise to help reduce raw material costs through improved carbon consumption. The company partners with R&D Carbon Ltd of Switzerland to technically support the production of its carbon products and assist customers in optimizing product consumption. “Aminco is looking forward to working with ASI members in supporting the sustainable development...
Bowling Green Chamber of Commerce Foundation expands its aluminium can recycling program
The Bowling Green Chamber of Commerce Foundation has expanded its aluminium can recycling program to help fund the BG Boom Festival and Fireworks. BG Boom, the annual Independence Day celebration for the Bowling Green community, will be held on July 3, 2024. The event will feature a festival at the Wood County Fairgrounds from 4 to 9 p.m., culminating in a fireworks display at dusk. About the program The Aluminum Can Recycling Program, initiated in partnership with Bates Recycling several years ago, has consistently raised several thousand dollars for this community event. The seasonal can drive will continue through June 30. Aluminium cans can be recycled at Bates Recycling Centre at 12729 Jerry City Road in Cygnet. When BG BOOM is mentioned, Bates will donate 5 cents to the Chamber...
Chinalco Institute & Beijing Aerospace collaborate to develop aluminium alloy parts for energy vehicles
The Chinalco Institute of Materials signed a product development contract with a Beijing Aerospace research institute. This partnership focuses on creating an aluminium alloy component for a new energy-special vehicle. The project marks the first collaboration between Chinalco Institute of Materials and an aerospace organisation in the field of lightweight components. About the project Reports indicate that the new energy special vehicle component, a result of the collaboration, harnesses the cutting-edge technology of high-strength and corrosion-resistant aluminium alloy materials from the Chinalco Institute of Materials. The structural design has been optimised, significantly enhancing the product's rigidity and strength, thereby ensuring safety and reliability even under the most...
China’s A00 aluminium ingot price declines by RMB140/t; Low-carbon aluminium price dwindles by RMB164/t
On Wednesday, June 26, China’s A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,060 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may stand between RMB 20,040 per tonne and RMB 20,080 per tonne. Region-wise price changes According to the SMM data, the A00 aluminium ingot prices have fallen in all the provinces, with the highest in Foshan, followed by Tianjin, where they have slumped by RMB 160 per tonne and RMB 150 per tonne. The price in Foshan settled at RMB 19,840 per tonne, and in Tianjin, it reached RMB 20,110 per tonne. In other regions like Gongyi, Hangzhou, and Linyi, the prices have contracted by RMB 140 per tonne to RMB 19,920 per tonne and RMB 20,060 per tonne. On...
LME aluminium benchmark price moves down by US$3/t; SHFE price dips to US$2775/t
The previous trading day, LME aluminium opened at US$2,500 per tonne, reached a high of US$2,513 per tonne, a low of US$2,491 per tonne, and closed at US$2,497 per tonne, down US$6 per tonne, a decrease of 0.24 per cent. On Tuesday, June 25, both LME aluminium cash bid price and LME aluminium official settlement price moved down by US$3 per tonne or 0.12 per cent to settle at US$2,451 per tonne and US$2,451.50 per tonne. 3-month bid price and 3-month offer price dipped by US$7 per tonne or 0.27 per cent to dock at US$2,498 per tonne and US$2,499 per tonne. LME aluminium opening stock came in at 1044325 tonnes. Live warrants and Cancelled warrants settled at 466500 tonnes and 577825 tonnes. December 25 bid price and December 25 offer price descended by US$10 per tonne or 0.37 per cent to...
Hindalco hosts workshop focusing on opportunities for MSMEs in the downstream aluminium sector
Hindalco, a flagship company of the Aditya Birla Group, hosted a workshop titled "Manufacturing Opportunities for MSMEs in the Downstream Aluminium Industry" on Tuesday at the Utkal Chamber of Commerce and Industry Ltd. (UCCIL) conference hall. Organised in collaboration with the Confederation of Indian Industry (CII) and UCCIL, the workshop highlighted Odisha's emerging status as a global hub for aluminium manufacturing. "MSMEs require the security of raw materials, technological support, operational efficiency, financial backing, and effective marketing to complete the value chain. The large aluminium downstream industries can provide these critical elements, enabling MSMEs to thrive," stated Hindalco advisor Bibhu Mishra About the workshop In his inaugural address, Shashi Sekhar...
Desktop Metal to showcase binder jet 3D printed aluminium lighting components
Desktop Metal, a prominent figure in Additive Manufacturing 2.0 technologies for mass production, announced its plan to showcase aluminium lighting components created through binder jet 3D printing. These components, designed by BEGA, a distinguished German-based company renowned for its premium architectural lighting solutions for outdoor and indoor applications, were manufactured using the X25Pro mid-sized production binder jet printing system with Al6061 powder. About the aluminium lighting component After delivering industry-first results for binder jetting aluminium on the InnoventX in 2021, Desktop Metal has significantly advanced production-scale binder jetting for aluminium. In collaboration with companies such as BEGA, Desktop Metal has established a repeatable process for...
National litter survey by IBAL records 30% reduction in aluminium can-related litter
The first national litter survey by Irish Business Against Litter (IBAL) since the government's introduction of a deposit return scheme has shown a decrease in aluminium cans and plastic bottles on Irish streets, leading to an overall improvement in litter levels. There has been an almost 30 per cent reduction in aluminium can-related litter compared to the previous survey. Although plastic bottles are now less common than in any past survey, they remain Ireland's third most prevalent form of litter. “Our study paints a much better picture than a few years ago, with levels of cleanliness definitely rising. Once again, no town was judged to be either a ‘litter blackspot’ or ‘heavily littered’ – that’s real progress, progress that has been hard earned in our cities.” Overall, the number of...
Hupfer’s green initiative: Launches buy back guarantee programme for aluminium shelving
Hupfer, in its commitment to foster sustainability and a circular economy, has innovatively introduced a 'buy back guarantee' programme for aluminium and stainless steel shelving. This unique initiative allows Hupfer to repurchase eligible products at the end of their lifespan, with the scrap value being deducted from the cost of replacement products, offering our customers a cost-effective and eco-friendly solution. "Either way, our customers can claim back the scrap metal cost of the Hupfer product, safe in the knowledge that it will be reused or recycled. We all need to do what we can to support a greener future. Stainless steel and aluminium are 100% recyclable and retain their natural properties no matter how many times they are recycled," stated Marc Sumner. This initiative...
China’s A00 aluminium ingot price declines by RMB150/t W-o-W; Low-carbon aluminium price slumps by RMB70/t
On Tuesday, June 25, China’s A00 aluminium ingot price dropped by RMB 60 per tonne to settle at RMB 20,200 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may orbit between RMB 20,180 per tonne and RMB 20,220 per tonne. As per the SMM data, the domestic aluminium ingot price declined RMB 150 per tonne W-o-W from RMB 20,350 per tonne recorded on June 18. The impact of the A00 aluminium ingot price drop was felt across all major provinces. In regions like Gongyi, Foshan, Chongqing and Shenyang, the prices slumped by RMB 70 per tonne to clock at RMB 20,060 per tonne, RMB 20,000 per tonne, RMB 20,100 per tonne and RMB 20,170 per tonne. In Wuxi, Hangzhou and Linyi, the prices dropped by RMB 60 per tonne to...
LME aluminium benchmark price moves up to US$2454.5/t; SHFE price loses US$4/t
The previous trading day, LME aluminium opened at US$2,510.5 per tonne, hit a high of US$2,531 per tonne and a low of US$2,495.5 per tonne, and closed at US$2,497.5 per tonne, down US$16 per tonne, a decrease of 0.64 per cent. On Monday, June 24, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$2 per tonne or 0.08 per cent to clock at US$2,454 per tonne and US$2,454.50 per tonne. 3-month bid price and 3-month offer price also added US$2 per tonne or 0.07 per cent to settle at US$2,505 per tonne and US$2,506 per tonne. As per the LME data, both December 25 bid price and December 25 offer price inched up by US$3 per tonne or 0.11 per cent to clock at US$2,650 per tonne and US$2,655 per tonne. LME aluminium opening stock came in at 1049825 tonnes....
Alba unlocks remarkable safety milestone, surpasses 20 million safe working hours
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, announced a historical milestone. The company reached an impressive safety milestone on June 22 by completing 20 million working hours without a Lost Time Injury (LTI). This accomplishment highlights Alba's steadfast commitment to ensuring the safety and well-being of its employees. Alba's commitment to safety extends far beyond simply achieving impressive numbers. This milestone reflects a deep-rooted safety culture in every facet of our operations. This culture prioritizes risk mitigation, ongoing training, and fostering a collaborative environment where safety is everyone's responsibility. We are confident that the unwavering commitment of our entire team – employees and contractors alike – will continue to...
AL Biz expands clientele: Welcomes Zhengzhou Silverstone into the circle of 2100+ B2B aluminium sellers
Established in 2011, Zhengzhou Silverstone has earned the title of reputable trading company specializing in semi-finished aluminium products. With years of experience, they have developed significant expertise in sourcing from leading rolling mills in China and partnering with local metal centres. This strategic approach allows them to provide their valued international customers with competitive pricing, consistent quality, and outstanding after-sales service. AL Biz has successfully onboarded the company to its list of 2100+ sellers. Zhengzhou Silverstone’s diverse range of products serves multiple industries, including decoration, packaging, transportation, construction, and electronic devices. Over eight years of dedicated effort, they have earned the trust and praise of customers...
China-based Lanzhou Aluminum announces groundbreaking ceremony of its PV project
China-based Lanzhou Aluminum on June 12 announced the groundbreaking ceremony of its distributed photovoltaic (PV) project in the southern factory area, signifying a pivotal advancement for the company in the realm of new energy. During the ceremony, Mao Zhiqiang delivered a passionate speech highlighting the pivotal role of distributed photovoltaic projects in fostering sustainable enterprise development. About the project He emphasised that the construction of Lanzhou Aluminum Industry Co., Ltd.'s distributed photovoltaic power generation project has garnered significant attention from China Aluminum Corporation and substantial support from relevant stakeholders. June 21 marked the official commencement after diligent planning and adjustments in the construction approach. The event was...
Macquarie acquires 49.9% of Hydro’s renewable energy subsidiary in a landmark deal
Hydro has finalised the sale of 49.9 per cent of its renewable energy subsidiary, Hydro Rein, to Macquarie Asset Management. Initially announced in October 2023, this transaction marks a significant milestone in Hydro's strategy to expand its renewable energy portfolio. The transaction has assigned a value of USD 333 million to Hydro Rein as of June 30, 2023, subject to any closing adjustments. Macquarie will contribute USD 214 million at closing, with the funds to be transferred by June 25, 2024. The remaining committed capital will be injected gradually as per the project requirements, ensuring a steady financial support for Hydro Rein's operations. "We are excited to conclude the transaction, marking the next chapter in our renewable energy partnership with Macquarie Asset Management....
