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.
LME aluminium benchmark price surges to US$2529.5/t; SHFE price expands by US$65/t
LME aluminium opened at US$2,550.5 per tonne in the previous trading day, with its low and high at US$2,539 per tonne and US$2,620 per tonne respectively before closing at US$2,600 per tonne, up 1.92 per cent. As per the LME data, on Wednesday, May 15, both LME aluminium cash bid price and LME aluminium official settlement expanded by US$52 per tonne or 2.09 per cent to clock at US$2,529 per tonne and US$2,529.50 per tonne. On the same day, both 3-month bid price and 3-month offer price hiked by US$39 per tonne or 1.53 per cent to peg at US$2,575 per tonne and US$2,577 per tonne. December 25 bid price and December 25 offer price grew by US$40 per tonne or 1.49 per cent to rest at US$2,715 per tonne and US$2,720 per tonne. LME aluminium opening stock came in at 1033450 tonnes. Live...
Oslo welcomes its newest flagship: Trosten floating sauna featuring Hydro CIRCAL recycled aluminium
On May 15, 2024, Oslo's burgeoning fleet of floating saunas welcomed its newest flagship, Trosten, featuring a universal design aimed at inclusivity and an innovative façade crafted from Hydro CIRCAL. Crafted using Hydro CIRCAL, a revolutionary material comprising a minimum of 75 per cent recycled post-consumer aluminium scrap, Trosten sets a new standard in sustainability by drastically reducing its carbon footprint. Spearheaded by the Oslo Sauna Association, this unveiling marks a significant step towards fulfilling the association's mission to make Norway's capital an urban hotspot by democratising access to saunas since 2016. This vision has been realised through a creative collaboration with the renowned Spanish architectural firm eStudio Herreros and Hydro, a prominent player in...
Moddex Group's sustainable shift to Capral's LocAl® Green lower-carbon aluminium
In a bold move towards sustainability, Moddex Group Australia, a leading manufacturer of pre-fabricated handrail and balustrade systems, has announced its transition to Capral's LocAl® Green lower-carbon aluminium. This strategic decision underscores Moddex's commitment to environmental responsibility and contributes to the imperative goal of decarbonising the built environment and infrastructure projects. The aluminium industry is gradually striving towards zero waste owing to adopting a circular economy, making the life cycle of aluminium resource-efficient. To know more about aluminium's contribution to an energy-efficient future read AL Circle's report on, "Sustainability in the Aluminium Industry". Over the years, global aluminium producers have experimented heavily to lower their...
Vedanta’s Jharsuguda aluminium smelter achieves the ASI Chain of Custody (CoC) Standard V2 Certification
Vedanta Limited's Aluminium Business in Jharsuguda, Odisha, India, has recently attained ASI Chain of Custody (CoC) Standard V2 (2022) Certification for its smelter located in the Special Economic Zone. This certification marks a significant achievement, with Vedanta's operations in Jharsuguda comprising two smelters and three casthouses and boasting 3615 MW of power generation facilities. With an impressive annual smelting capacity of 1.8 million tonnes, it is one of the largest single-location aluminium plants globally. The Aluminium Stewardship Initiative (ASI) has officially recognised Vedanta Limited's accomplishment, announcing its successful certification against the ASI CoC Standard V2 (2022). Notably, the company had previously achieved Performance Standard V2 Certification for...
Norwegian watch brand Radium Instruments goes green with Hydro CIRCAL aluminium cases
Developed jointly by Thomas Cappelen Malling and Sjur Stangebye-Hansen, Radium Instruments, the Norwegian watch brand known for using Hydro aluminium, has now taken a step further by incorporating Hydro CIRCAL's recycled aluminium into its watch cases. In its latest collection, the watch cases are constructed from Hydro CIRCAL aluminium, which contains over 75 per cent recycled material. Using recycled aluminium significantly reduces energy consumption during the production phase. About Radium Instruments Beyond supplying the material, Hydro has actively collaborated in the watch's prototyping process and provided manufacturing data to optimise the use of Hydro CIRCAL in the watch case. This case houses the high-quality Swiss ETA 2892-2 movement. "Aluminium stands out for being a strong,...
China’s A00 aluminium ingot price drops by RMB40/t; Average alumina spot price gains RMB10/t
On Wednesday, May 15, China's A00 aluminium ingot price dropped by RMB 40 per tonne to settle at RMB 20,470 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices may orbit between RMB 20,450 per tonne and RMB 20,490 per tonne. The domestic aluminium ingot prices have fallen in all the provinces. In Foshan and Hangzhou, the prices have slipped by RMB 40 per tonne to clock at RMB 20,420 per tonne and RMB 20,470 per tonne. As per the SMM data, the prices in Gongyi, Wuxi and Linyi have dropped by RMB 20 per tonne to peg at RMB 20,410 per tonne, RMB 20,470 per tonne and RMB 20,520 per tonne. Chongqing and Shenyang's prices have fallen by RMB 30 per tonne to settle at RMB 20,430 per tonne. In...
Chinalco Henan Luoyang Aluminum Foil Company workshop hits all time throughput peak in April
Under the careful guidance of the Party Committee of Chinalco Henan Luoyang Aluminum Foil Company, three workshops - the aluminium foil workshop, the finishing car workshop, and the three storage and transportation workshops, demonstrated remarkable execution. Throughout this period, they effectively fulfilled diverse responsibilities and realized the objective of integrating party-building efforts, doubling their impact. It was a period of significant production achievements. The aluminium foil workshop, with its record-high throughput, marked a notable 9.8 per cent increase from the previous month, a testament to its collective efforts. Similarly, the finishing workshop reached a historic peak in completion throughput, registering a remarkable month-on-month increase of 10.9 per cent, a...
Aluminium 2024 Conference: Dive into the construction sector within the Polish aluminium industry
The construction sector of the Polish aluminium industry is anticipated to witness significant changes in the coming years. To learn more about the economic situation of the Polish construction sector, register for the upcoming event, “Aluminium 2024 – Trends Innovation Technologies,” organised by the Polskie Stowarzyszenie Aluminium (Polish Aluminum Association). So, what are you waiting for! Register and book your seats today for Aluminium 2024 Conference. Scheduled for June 11th and 12th, 2024, at the Fabryczna Conference Center, the conference will highlight significant industry issues and other important topics. The discussions will be led by the esteemed Anna Oleksiewicz, President of ZOPI, a recognised authority in the field. The conference is primarily designed for delegates from...
Sinan Technology plans to setup a new aluminium alloy parts factory in Thailand
Sinan Technology's recent announcement about establishing a joint venture in Thailand reflects its strategic initiative to expand its global presence and enhance its capacity to serve international markets. Specialising in the research, development, production, and sales of aluminium alloy parts for automotive lightweight applications, Sinan Technology focuses on precision pneumatic shell components for turbochargers. With a significant investment of $68 million, the company aims to construct a factory in Thailand through its subsidiary, Wuxi Castin Materials Co., Ltd. This move aligns with the company's business development goals and underscores its commitment to improving its overseas layout strategy. Additionally, the company is venturing into developing precision parts for new energy...
Evelyne LY-Wainer joins L’OCCITANE Group as the new Managing Director for its Global Travel Retail division
L’OCCITANE Group, renowned for their commitment towards sustainability has announced the appointment of Evelyne LY-Wainer as the new Managing Director for Global Travel Retail, effective immediately. L’OCCITANE, the premium sustainable beauty brand has been promoting sustainability by incorporating the usage of aluminium in their packaging. With over two decades of invaluable experience in premium travel retail and luxury brand management, Evelyn brings a wealth of knowledge to her new role. Her extensive expertise in the luxury beauty sector, combined with her visionary approach and profound understanding of the travel retail landscape, positions her perfectly to lead the Group’s esteemed Global Travel Retail team to new heights of success. Laurent Marteau, Group CEO, said, ‘We are...
Clean & green: Ripl Efek's aluminium refills set to make waves in the laundry industry
Discussions surrounding sustainability, carbon emissions, energy efficiency, and achieving net-zero targets are the most common topics across various industries, with a notable focus on the aluminium sector. With this similar mission of reducing the carbon footprint, sustainable detergent brand Ripl Efek has launched refillable detergent cartridges in recyclable aluminium bottles. About the bottles Designed meticulously from aluminium , Ripl Efek aims to revolutionize the laundry industry with its groundbreaking patented dispenser system. At the heart of their solution is a state-of-the-art laundry detergent dispenser crafted from durable stainless steel. Essentially, Ripl Efek isn't just offering a product; they're introducing a paradigm shift towards eco-conscious laundry practices....
LME aluminium benchmark price dips to US$2510/t; SHFE price remains restrained at US$2837/t
LME aluminium opened at US$2,520.5 per tonne in the previous trading day, with its low and high at US$2,508 per tonne and US$2,556.5 per tonne respectively before closing at US$2,547.5 per tonne, up 1.07 per cent. On Monday, May 13, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$5 per tonne or 0.19 per cent to clock at US$2,509 per tonne and US$2,510 per tonne. 3-month bid price and 3-month offer price dipped by US$3 per tonne or 0.11 per cent and US$4 per tonne or 0.15 per cent to settle at US$2,549 per tonne and US$2,550 per tonne. As per the LME price graph, December 25 bid price and December 25 offer price went up by US$5 per tonne or 0.18 per cent to peg at US$2,680 per tonne and US$2,685 per tonne. LME aluminium opening stock halted at...
Waterloo Sparkling Water launches three new refreshing flavours in recyclable aluminium cans
US-based Waterloo Sparkling Water has just unveiled an exciting trio of flavours with the debut of its All Day Rosé, Pi-Ño Colada, and Mojito Mocktail Sparkling Waters in recyclable aluminium cans. Driven by a wave of environmental concerns, rising demand, and technological progress, the demand for aluminium cans is increasing with time. To mark the occasion and celebrate these summer-infused refreshments, Waterloo has forged a significant partnership with none other than Guy Fieri. Fieri, renowned chef, restaurateur, best-selling cookbook author, Emmy award-winning TV personality, and self-proclaimed Mayor of Flavortown, is bringing his signature flair to this limited-time-only release, adding a new dimension to the product's appeal. "Waterloo Sparkling Water and I have a lot in common –...
Aluminium scrap prices in India record sluggish movement amidst dip in LME rates
During the week ending on May 10, 2024, the London Metal Exchange (LME) witnessed considerable volatility in the prices of most base metals. Three-month aluminium futures on the LME slid by 0.86 per cent to reach $2,529 per tonne, while nickel settled at $18,925 per tonne, marking a decline of 1.62 per cent. Copper prices closed at $10,004 per metric ton, zinc saw a modest uptick of 0.93 per cent to reach $2,930 per tonne, and lead prices edged up by 0.32 per cent to settle at $2,222 per tonne. Domestic base metals markets generally trended downwards throughout the week, except zinc. The imported aluminium scrap market also experienced a downturn. Additionally, domestic prices for aluminium and copper registered declines. Conversely, zinc and lead prices exhibited slight upward movements....
Shandong Hongqiao clinches the Top 100 spot for graduate employment opportunities in the region
The world's largest aluminium producer, China Hongqiao Group's subsidiary Shandong Hongqiao, has been recognised as one of the top 100 'most attractive' private enterprises for the employment of college graduates in the Shandong Province. The China-based company achieved this milestone through strategic recruitment, comprehensive vocational training, and a commitment to talent development. About the achievement Shandong Hongqiao stands out in its approach to talent development. By offering dual development pathways and independent evaluation frameworks, the company empowers its team members at every level to unleash their creative potential. This unique strategy has led to significant growth in their personnel, with 31 senior technicians, 81 technicians, 811 senior workers, and 4,557...
New CEO, new era: Eivind Kallevik charts path to a greener aluminium future for Hydro by 2030
Norwegian aluminium and energy giant Norsk Hydro recently announced Eivind Kallevik's appointment as its new President and CEO. Eivind officially commenced his role on May 13, unveiling his plan to expedite Hydro's strategy of spearheading the shift to sustainable aluminium production by leveraging renewable energy, aiming for significant progress by 2030. Hydro has always been at the forefront of sustainability and promoting the importance of moving towards an eco-friendly environment. The Norwegian aluminium giant is also considered one of the leading providers of low-carbon and recycled aluminium solutions, pioneering its way towards an emission-free environment. To know more about how the aluminium industry is moving towards a sustainable and greener environment, grab AL Circle's...
China’s average alumina spot price opens the week with a growth of RMB13/t; A00 aluminium ingot price loses RMB110/t
On Monday, May 13, the average alumina spot price opened the week with a growth of RMB 13 per tonne to settle at RMB 3,691 per tonne. As per the SMM data, the alumina prices reflected a Y-o-Y surge of RMB 813 per tonne from RMB 2,888 per tonne recorded on May 12, 2023. Alumina prices region-wise The prices as of today have shown increment in all the provinces, with the highest in Bayuquan followed by Lianyungang, where it has spiked up by RMB 50 per tonne and RMB 45 per tonne to clock at RMB 3,770 per tonne and RMB 3,760 per tonne. In other regions like Shanxi, Guizhou and Guangxi, the prices have added RMB 20 per tonne to peg at RMB 3,730 per tonne, RMB 3,690 per tonne and RMB 3,715 per tonne. In Shandong and Henan, the prices have moved up by RMB 5 per tonne to arrive at RMB 3,655 per...
End user weekly recap: Liverpool-based Turncoat gin distillery aims to reduce its carbon footprint by using aluminium bottles
The 2024 outlook for the aluminium end-use sector is multifaceted, with some segments displaying potential while others could encounter initial obstacles. Forecasts suggest a moderate rise in global aluminium consumption, ranging between 1.6-2 per cent, primarily fuelled by continuous demand from transportation and construction sectors. However, there's a possibility that aluminium production might outpace demand, resulting in a minor surplus that could help stabilize prices. To know more about how the end-user sector will perform in the days ahead, grab AL Circle's report, "Global ALuminium Industry Outlook 2024." This week, the end user sector witnessed some significant events. Eco-friendly packaging or the use of aluminium has eventually increased. Companies like Turncoat Gin and CCU...
