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.
Martin Hyde to highlight the role of policy in boosting aluminium packaging recycling rates at ALFED event
Later this week, on June 6, Martin Hyde, Sustainability & Public Affairs Manager at Alupro, will discuss the critical role of policy in advancing a sustainable future for UK aluminium at the 2024 ALFED EnvironmentAl Sustainability Strategy Day. The event, to be held at the prestigious BMA House in central London, will bring together hundreds of delegates from across the UK aluminium supply chain. This unique gathering will provide unparalleled networking opportunities, engaging workshops, technology showcases, and keynote presentations from some of the sector's most esteemed thought leaders. "The ALFED EnvironmentAl Sustainability Strategy Day is a great opportunity to connect with peers from across the aluminium supply chain and discuss best practice approaches to support the industry's...
LME aluminium benchmark price expands to US$2,677/t; SHFE price contracts by US$41/t
On the previous trading day, LME aluminium opened at US$2,705.5 per tonne, with a high of US$2,737 per tonne and a low of US$2,643 per tonne. It closed at US$2,655 per tonne, down US$50 per tonne, or 1.85 per cent. On Friday, May 31, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$11 per tonne or 0.41 per cent and US$11.5 per tonne or 0.43 per cent to dock at US$2.676 per tonne and US$2,677 per tonne, respectively. As per the London Metal Exchange (LME) data , both 3-month bid price and 3-month offer price went up by US$1.5 per tonne or 0.05 per cent and US$2 per tonne or 0.07 per cent to settle at US$2,711.50 per tonne and US$2,712.50 per tonne. On the same day, both December 25 bid price and December 25 offer price added US$3 per tonne or 0.10...
Spot prices for ADC12 aluminium alloy ingots close at INR216000/t W-o-W
BigMint's assessment indicates a marginal gain of INR 1,000 per tonne for spot prices of aluminium ADC12 alloy ingots, reaching INR 216,000 per tonne week-over-week. Tense scrap prices stood at INR 188,000 per tonne ex-Delhi, reflecting a weekly increase of INR 1,000 per tonne. The scrap-to-ADC12 spread is recorded at INR 28,000-29,000 per tonne. Tense scrap prices in Chennai Market sources indicated that tense scrap offers in Chennai are around INR 188,000 per tonne, with spot prices of ADC12 in Chennai ranging between INR 218,000 and INR 220,000 per tonne ex-works on immediate terms, excluding GST. The spot prices for automobile equivalent manufacturers matched those of a major automaker, at INR 221,000-223,000 per tonne ex-Delhi. Despite stable Tense prices in the northern region,...
Hydro begins the onsite renewable energy production with a battery-storage and aluminium facility in Sweden
In a move towards zero emissions, Hydro Extrusion in Sweden has commenced on-site renewable energy production. The ultimate goal is fully transitioning to 100 per cent locally produced renewable energy for operating Hydro's extrusion plants in Vetlanda and Finspång. The main aim is to extrude aluminium using 100 per cent locally produced renewable energy. With Hydro Rein (Hydro's renewable energy company) recently completing phase one, rooftop, ground-mounted solar panels and battery storage systems have begun significantly contributing to this ambitious goal. These efforts supplement an existing local hydropower plant. Technical solution includes The technical solution, a testament to our commitment to innovation and sustainability, includes seven rooftop installations with a total...
JSW Group pioneers domestic production of zinc-magnesium-aluminium coated steel products in India
JSW Steel has introduced an innovative product named Magsure, a zinc-magnesium-aluminium alloy-coated steel. This specialised steel is designed for use in highly corrosive environments. It is ideal for various applications, including steel structures in solar installations, silos, guard rails, and air conditioning parts, where enhanced corrosion protection is essential. The first only Indian company JSW Steel, a leading steel manufacturer in India and part of the USD 24 billion JSW Group, announced in a press release that it is the first Indian company to produce and market a zinc-magnesium-aluminium alloy-coated steel product domestically. The company has also patented Magsure's unique chemical composition. "We are optimising our coated products mix to service the nation's requirements...
China’s A00 aluminium ingot price surges by RMB640/t following Rio Tinto’s force majeure declaration; Low-carbon aluminium price expands to RMB22721/t
According to the Shanghai Metals Market survey, China's A00 aluminium ingot price has surged by RMB 640 per tonne to clock at RMB 21,710 per tonne. The spot contract price is expected to be traded at a discount price of RMB 170 to RMB 130 per tonne, whereas the average prices may range between RMB 21,690 per tonne and RMB 21,730 per tonne. As per the SMM data, the A00 aluminium ingot price has skyrocketed by RMB 3,360 per tonne or 18.31 per cent Y-o-Y from RMB 18,350 per tonne recorded on May 30, 2023. On a W-o-W calculation, the price hiked by RMB 960 per tonne or 4.62 per cent from RMB 20,650 per tonne. Reason for the growth in prices One of the main reasons for the price surge can be attributed to the gas shortage-led force majeure declared by Rio Tinto on alumina shipments from its...
Belvac revolutionises beverage packaging: Introducing the 100% recyclable aluminium bottle with a built-in-carrier ring
Headquartered in the US, Belvac, a pioneer in providing the global aluminium beverage can industry with sustainable solutions, has unveiled a game-changing solution for beverage brands. The 'Belvac Carrier Ring Bottle' is not just a new product but a gateway to a more sustainable future. It enables brands to seamlessly shift from filling PET to aluminium D&I bottles, reducing transition costs, surpassing corporate sustainability objectives, and fostering greater brand loyalty among consumers. This breakthrough is a testament to Belvac's unwavering dedication to sustainability and innovation. It's a response to the evolving needs of consumers and the environment, and a commitment to delivering eco-conscious solutions that champion the adoption of aluminium packaging. Belvac's Carrier Ring...
Rising supply & weak cargo pick-up exerting heavy pressure on China’s domestic aluminium ingot inventory
On May 27, 2024, SMM reported that China's social inventory of aluminium ingots stood at 781,000 tonnes, with 655,000 tonnes available for sale. This marked an increase of 14,000 tonnes from the previous week and a significant year-over-year rise of 160,000 tonnes. Regarding cargo pick-up, only 102,300 tonnes of aluminium ingots were retrieved from warehouses in China, marking a decline of 12,500 tonnes W-o-W. This decrease represents a new low since the Labour Day holidays and remains at a five-year low for the same period. The continuous accumulation of domestic aluminium ingots over nearly half a month, coupled with the persistent increase in supply but weak cargo pick-up, highlights significant inventory pressure. Domestic aluminium ingot arrivals in China to rise in late May Due to a...
IMR Metal joins KBM online marketplace to increase availability of aluminium powder in NA
Austria's IMR Metal Powder Technologies and US-based KBM Advanced Materials have joined forces to sell and distribute IMR's aluminium metal powders for additive manufacturing (AM). Through KBM's unique metal powder marketplace and extensive distribution network in North America (NA), IMR's high-quality aluminium metal powders will now be more accessible to users, enhancing their access to premium powder products. Thomas Rimmer, IMR CEO, said, "By offering our Aluminum alloy powders on the platform of KBM our US customers have now access to their products on short-term notice which supports their inventory management optimization as well as fast response to new business opportunities in a still evolving and sometimes difficult to predict market environment. The availability of IMR's...
LME aluminium benchmark price surges by US$54/t to US$2,653/t; SHFE price gains US$16/t
LME aluminium opened at US$2,667 per tonne in the previous trading session, reaching a high of US$2,741.5 per tonne, a low of US$2,667 per tonne, and closed at US$2,732 per tonne, up US$74 per tonne or 2.78 per cent. On Tuesday, May 28, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$54 per tonne or 2.07 per cent to settle at US$2,652 per tonne and US$2,653 per tonne. One of the main reasons for the price hike can be attributed to strong rally in the key raw material alumina and robust demand. Gas shortages prompted mining giant Rio Tinto to declare force majeure on alumina shipments from its Australian refineries, raising concerns about supply from the world's second-largest producer. As per the LME price graph, 3-month bid price and 3-month...
Sandvik Coromant's upcoming event to highlight the artistry of aluminium machining
Aluminium is crucial in various industries, including mobility and transportation, construction and buildings, packaging, aerospace, and defence. It is integral to nearly all energy generation, transmission, and storage technology facets. Sandvik Coromant, a global leader in metal cutting tools and tooling solutions, is hosting a virtual event tailored for manufacturers in the aerospace, automotive, defence, space, and general engineering sectors. The event titled, ' Navigating the Artistry of Aluminum Machining,' will be broadcasted live on Thursday, June 27, 2024. It will focus on tangible solutions to streamline the aluminium machining process, empowering manufacturers to meet these demands effectively. With mounting environmental regulations and consumer preferences leaning towards...
ESG & MoECC spearheads efforts to reduce carbon footprint in the aluminium industry
The governments of Singapore and Qatar are collaborating to enhance carbon footprint accounting in the aluminium industry. Enterprise Singapore (ESG) and Qatar's Ministry of Environment and Climate Change (MoECC) are leading efforts to implement cutting-edge technologies and frameworks to achieve this goal. About the initiatives This initiative supports the aluminium sector and sets a precedent for other industries to follow. Singaporean companies like #dltledgers are instrumental in this effort, providing the essential technological framework to achieve these goals through joint collaboration. The Gulf Cooperation Council (GCC) countries, including Qatar, play a pivotal role in global aluminium production. Qatar meets approximately 10 per cent of the world's aluminium demand and exports...
One million aluminium cans & counting: Recycling contest unlocks major milestone, CMI Reports
Did you know that over 100 billion-plus aluminium cans are expected to be recycled every year? This indicates that a billion tonnes of recycled aluminium are still in use today! As per Can Manufacturers Institute (CMI) and Scrap University Kids, a whopping 1.3 million empty aluminium beverage cans were collected during the first Million Cans Recycling contest. With the world moving rapidly towards reducing emissions to save the environment from further degradation, aluminium as a metal has proven to be better than the rest when it comes to being environmentally friendly . This competition, aimed at second—and third-grade students, took place from October 15, 2023, to May 16, 2024, challenging schools to recycle the most aluminium beverage cans . "The Million Cans Recycling Contest...
China’s A00 aluminium ingot price ascends to RMB21030/t; Alumina price gains RMB30/t
On Tuesday, May 28, China’s A00 aluminium ingot price gained RMB 150 per tonne to settle at RMB 21,030 per tonne. The spot contract price is expected to be traded at a discount of RMB 140 to RMB 100 per tonne. The average prices may orbit between RMB 21,010 per tonne and RMB 21,050 per tonne. Region wise price change As per the SMM data, the prices in Foshan, Wuxi and Hangzhou have hiked by RMB 140 per tonne to settle at RMB 20,960 per tonne, RMB 21,010 per tonne and RMB 21,020 per tonne. On the same day, in regions like Chongqing and Shenyang the domestic aluminium ingot price added RMB 120 per tonne to clock at RMB 20,970 per tonne and RMB 20,930 per tonne. In areas like Linyi and Tianjin, the aluminium ingot prices ascended by RMB 100 per tonne and RMB 70 per tonne to dock at RMB...
BMW unveils new-generation aluminium bionic robot grippers: A perfect choice to handle CFRP roofs
Harnessing over 30 years of experience, the German multinational manufacturer of Luxury vehicles, BMW Group, is a pioneer in additive manufacturing, commonly known as 3D printing. According to reports, BMW Group Plant Landshut has launched a new generation bionic robot gripper crafted through an innovative process utilising a sand casting mould filled with liquid aluminium. About the new bionic gripper These new aluminium robotic-grippers are 25 per cent lighter than its predecessor, allowing the entire CFRP roof (Carbon Fiber Reinforced Plastic) manufacturing process for the BMW M3 to be completed with just one robot instead of three. Currently, double grippers, individually manufactured through 3D printing within the BMW Group, are used for all CFRP roofs at the BMW Group Plant...
Canada-based Westlake Royal Building expands its Cedar Renditions aluminium siding line
Canada-based Westlake Royal Building Products has unveiled an exclusive update to its Cedar Renditions aluminium siding line. The company is introducing two unique new colours: Burntwood, with a classic appeal and distinct stained woodgrain appearance, and Blonde Oak, a high-end option showcasing intricate multi-tonal woodgrain patterns. According to Westlake, Cedar Renditions is not just another product. It's a testament to our commitment to quality. Constructed from robust and recyclable aluminium, it boasts rust resistance, water resistance, resilience to cold conditions, and immunity to insects, guaranteeing an extended lifespan. Backed by a 25-year Prorated Limited Warranty, the product is conveniently accessible through selected distributors across North America. "Westlake Royal...
Incat’s eco-voyage: Spearheading zero-emission ferries with Capral Aluminium
Founded by Robert Clifford, Incat Tasmania is a renowned Australian manufacturer of high-speed lightweight catamarans that has revolutionised maritime engineering. Incat specialises in high-speed, lightweight aluminium passenger vehicle ferries and is synonymous with innovation and sustainability. "The real focus has been on using aluminium because that gives us the lightweight product, which allows us to operate the vessels at a high speed. Our passion now is building the vessels for the future, which are going to meet the zero emissions and reduce the carbon footprint of the maritime sector around the world," added CEO Stephen Casey of Incat. Based in Derwent Park, Hobart, Incat boasts the largest covered shipyard in the southern hemisphere. This facility, which includes five large...
LME aluminium benchmark price expands to US$2599/t; SHFE price gains US$14/t
The previous trading day, LME aluminium opened at US$2,608.5 per tonne, reached a high of US$2,675 per tonne and a low of US$2,603 per tonne, and closed at US$2,658 per tonne, up US$36.5 per tonne or 1.39 per cent. On Friday, May 24, the LME aluminium cash bid price and LME aluminium official settlement price surged by US$48 per tonne, or 1.88 per cent, to US$2,598 per tonne and US$2,599 per tonne, respectively. As per the LME data, 3-month bid price and 3-month offer price also expanded by US$47 per tonne or 1.80 per cent and US$47.5 per tonne or 1.82 per cent to stand at US$2,649 per tonne and US$2,650 per tonne. December 25 bid price and December 25 offer price gained US$48 per tonne or 1.76 per cent to halt at US$2,768 per tonne and US$2,773 per tonne. LME aluminium opening stock came...
