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.
Czechia-based Moravia Cans reports a substantial boost in net profit, soaring by 40% Y-o-Y in 2023
Moravia Cans, a prominent aluminium aerosol can manufacturer based in Czechia, demonstrated remarkable resilience and growth in 2023 despite the lingering economic challenges stemming from the Covid pandemic and the geopolitical tensions surrounding the Russian invasion of Ukraine. In their latest annual report, Moravia Cans announced a substantial boost in net profit, soaring by nearly 40 per cent to CZK245 million (equivalent to US$10.5 million). This impressive financial achievement coincided with a 2.8 per cent year-on-year increase in sales, reaching CZK2.52 billion (approximately $108 million). Moravia's commitment towards sustainability Renowned for its excellence in can manufacturing, Moravia Cans continued to invest in enhancing its aluminium aerosol production lines. These...
Graza sets new standard in sustainability with nitrogen sealed aluminium beer can refills for Olive oil
Graza, a leading olive oil brand, has made a significant stride in sustainability with its innovative nitrogen-sealed 'aluminium beer can' refills. This unique packaging method, a first in the industry, ensures the quality of the oil remains uncompromised, setting it apart from traditional packaging options. The minds behind Graza, Andrew Benin and Allen Dushi, identified a crucial gap in the industry: the absence of a high-quality olive oil refill option. They observed that traditional large-bulk containers often lead to rapid oxidation, compromising the quality of the olive oil. The concept of the nitrogen-sealed ' aluminium beer can ' refills was born out of a mission by Benin and Dushi to develop a refillable solution that would preserve the integrity of their extra virgin olive oil...
Mandy Glew to lead Ball Corporation's EMEA division, steering the future of metal & packaging technology
Mandy Glew has been appointed as the President for EMEA (Europe, the Middle East and Africa) at Ball Corporation. She will be taking over Carey Causey who transitioned to the role of SVP and chief growth officer in January. Causey temporarily served as interim president of the Europe, Middle East, and Asia (EMEA) region until Glew's appointment. Glew's journey with Ball Packaging began in 2020 after an extensive 23-year tenure at Procter & Gamble, where she held various sales and marketing management positions. Armed with a PhD in chemistry and additional studies in managerial finance from the London School of Economics, Glew brings a wealth of expertise to her new role. During her previous tenure as commercial VP for the EMEA region, Glew outlined the company's ambitious objectives to...
China’s BNM technology launches the F316 Rectangular Peel-Off End with retortable aluminium foil
Chinese can manufacturer Bosun New Material & Technology Co (BNM) has unveiled what they claim to be the first rectangular peel-off end of its size, along with a peel-off end featuring a built-in straw insertion capability. The F316 rectangular peel-off end has been designed with either a retortable aluminium foil or transparent membrane, catering to diverse packaging needs such as seafood, meat, or ready meals. The PO! Peel-off end features a straw insertion mechanism and is engineered for hassle-free usage. It is compatible with a range of materials, including steel and aluminium, and boasts high-temperature resistance. These pioneering developments were showcased at the recent Latamcan conference in Buenos Aires, Argentina. The peel-off feature incorporates a conveniently perforated...
LME aluminium price moves up by US$6/t to US$2494/t; SHFE price dips by US$3/t
LME aluminium opened at US$2,570 per tonne in the previous trading day, with its low and high at US$2570 per tonne and US$2,577 per tonne respectively before closing at US$2,573 per tonne, up 0.19 per cent. On Thursday, May 9, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$5 per tonne or 0.20 per cent and US$6 per tonne or 0.24 per cent to settle at US$2,492 per tonne and US$2,494 per tonne. 3-month bid price and 3-month offer price grew by US$11.5 per tonne or 0.45 per cent and US$11 per tonne or 0.43 per cent to clock at US$2,540.50 per tonne and US$2,541 per tonne. December 25 bid price and December 25 offer price moved up by US$2 per tonne or 0.07 per cent to arrive at US$2,670 per tonne and US$2,675 per tonne. LME aluminium opening stock...
India’s aluminium alloy ADC12 prices record W-o-W decline of INR3000/t
Spot prices for India's aluminium alloy ADC12 ingot declined by INR 3,000 per tonne, now standing at INR 216,000 per tonne week-on-week exw Delhi NCR. As per BigMint's latest assessment, tense scrap prices also saw a decrease, reaching INR 185,000 per tonne ex-Delhi, marking a weekly decline of INR 2,500 per tonne. This has widened the scrap-to-ADC12 spread to INR 31,000 per tonne. Market sources have indicated that tense offers in Chennai are currently around INR 188,000 per tonne, while spot prices for ADC12 in Chennai range between INR 219,000 to INR 222,000 per tonne ex-works on immediate terms, excluding GST. Trends in ADC12 market Amidst the downturn in tense prices across the northern region, the pricing of semi-finished products has taken a hit, with a noticeable slowdown in...
TESEM ups its game of sustainability with Smartlabs: Leading the charge in eco-friendly aluminium packaging
TESEM stands as a global frontrunner in crafting metal and plastic components for luxury packaging. Renowned for its expertise, the company manufactures aluminium and plastic parts catering to diverse sectors, including perfume & cosmetics, pharmaceuticals, and spirits. As per the latest report, TESEM's collaboration with Smartlabs unfolded within a landscape marked by distinct opportunities and challenges. A notable opportunity arose in advancing the sustainability profile of their aluminium components and holistic packaging solutions while upholding or enhancing critical performance attributes. Simultaneously, the challenge lay in refining solutions and procedures to mitigate complexity, costs, and environmental footprints. About Constellium's Smartlabs Constellium's Smartlabs proved...
CBIC takes action: Anti-dumping duty levied on imported aluminium wheels from China
The Central Board of Indirect Taxes and Customs (CBIC) has levied anti-dumping duty on aluminium road wheels imported from China. This action follows a review initiated by the designated authority, as outlined in notification number 7/13/2023-DGTR dated 30th September 2023, published in the Gazette of India, Extraordinary, is aimed at ensuring fair trade practices and protecting the interests of the domestic industry. Review under sub-section (5) of section 9A of the Customs Tariff Act The designated authority, via notification number 7/13/2023-DGTR dated 30th September 2023, published in the Gazette of India, Extraordinary, has instigated a review under sub-section (5) of section 9A of the Customs Tariff Act, 1975, and rule 23 of the Customs Tariff (Identification, Assessment, and...
China’s average alumina spot price marks a Y-o-Y surge of 26.44%; A00 aluminium ingot price gains RMB190/t
China’s average alumina spot price has marked a Y-o-Y growth of RMB 765 per tonne or 26.44 per cent from RMB 2,893 recorded on May 9, 2023. As of today, the price has expanded by RMB 30 per tonne to clock at RMB 3,658 per tonne. The alumina prices have shown diverse changes across all the provinces. The highest increase was observed in Shanxi, where they have surged by RMB 50 per tonne to settle at RMB 3,690 per tonne. On the same day, the prices in Henan and Shandong have hiked by RMB 30 per tonne to dock at RMB 3,640 per tonne and RMB 3,630 per tonne. The prices in Guizhou and Lianyungang have grown by RMB 20 per tonne and RMB 2.5 per tonne to reside at RMB 3,650 per tonne and RMB 3,695 per tonne, respectively. On the same day, China’s A00 aluminium ingot price gained RMB 190 per tonne...
CCU drops the usage of plastic for eco-friendly aluminium cans across campus
Coastal Carolina University (CCU) has taken a significant step towards sustainability by replacing single-use plastic bottles with recyclable aluminium cans. This spring, the iconic teal-coloured cans debuted at the baseball and softball concession stands, marking a shift towards eco-friendly practices. These cans have been widely distributed at CCU-catered events and were prominently featured during the May 2024 commencement exercises, where they sat beside graduates and faculty chairs. About the initiative Under the leadership of CCU President Michael Benson, this initiative was brought to the forefront during his report to the board of trustees on May 3. Each trustee received a complimentary bottle, underscoring the university's dedication to reducing single-use plastic containers. The...
Building tomorrow’s leaders: EGA Youth Programme FURSA marks inaugural year with 150+ graduates
Emirates Global Aluminium, the world's largest producer of 'premium aluminium', with smelters in Abu Dhabi and Dubai, proudly announces the graduation of over 150 young employees from its innovative learning and development platform, FURSA, within its inaugural year of launch. About FURSA FURSA, a dynamic initiative spearheaded by the EGA Youth Council in collaboration with the Learning and Development team, is a robust platform offering curated courses and immersive experiences tailored to bolster leadership, Industry 4.0, sustainability, science, and technology skills. "Upskilling and empowering the next generation of leaders at EGA is key to future-proofing our business and enhancing our competitiveness. At EGA, alongside our Learning and Development team, our Youth Council is heavily...
Mayor Zhang Guangyong commends Chinalco Group's vital role in Luliang's development
On April 22, Mayor Zhang Guangyong of Luliang convened a working meeting with Dong Jianxiong, the Deputy General Manager of Chinalco Group and Chairman of Chinalco Shares. Expressing gratitude on behalf of the municipal Party Committee and government, Mayor Zhang Guangyong acknowledged Chinalco Group's enduring support for Luliang's economic and social advancement, recognising their significant contributions to the city's progress. He provided a concise overview of the city, highlighting its historical significance as a revolutionary area, abundant natural resources, and status as a burgeoning development hub. Furthermore, Mayor Zhang emphasised Luliang's position as the nation's foremost producer in key sectors such as coking coal, coking, alumina, and clean-flavour liquor. Luliang's...
Mexican tariffs affect the aluminium supply chain, driving up premiums
Fernando Garcia Martinez, vice president of operations at Mexican aluminium institute IMEDAL, said that the entire light metal supply chain is being impacted, with premiums rising, including in the United States. Under a side agreement within the United States-Mexico-Canada Agreement (USMCA), imports from Mexico are exempt from Section 232 tariffs. However, Mexico must enhance its monitoring measures and trade data reporting under this agreement. Aluminium faces new tariff Recently, Mexico announced an increase in import duties on various goods, as outlined in a decree published on April 22. Among these goods, aluminium faces new tariffs ranging from 20 to 35 per cent. As per the reports shared by Fastmarkets, the document addresses situations where international trade practices disrupt...
LME aluminium benchmark price inches up by US$2.5/t; SHFE price slumps to US$2826/t
LME aluminium opened at US$2,573 per tonne on Tuesday, with its low and high at US$2547 per tonne and US$2,593 per tonne, respectively, before closing at US$2,568.5 per tonne, up 0.69 per cent. On Tuesday, May 7, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$3 per tonne or 0.11 per cent and US$2.5 per tonne or 0.09 per cent to settle at US$2,512 per tonne and US$2,512.50 per tonne. The 3-month bid price and 3-month offer price ascended by US$5 per tonne, or 0.19 per cent, to US$2,557.50 per tonne and US$2,558.50 per tonne. As per the SMM data, the December 25 bid price and December 25 offer price added US$8 per tonne, or 0.29 per cent, to reach US$2,690 per tonne and US$2,695 per tonne. LME aluminium opening stock halted at 486050 tonnes....
Tamil-Nadu-based factory catches fire while making aluminium powder for fireworks manufacturing
On Monday, a tragic fire incident occurred at a unit supplying raw materials to fireworks factories in Sengamalapatti near Sivakasi, Virudhunagar district, Tamil Nadu. Owned by R Chinnakaruppu, the unit saw five workers sustain critical injuries while producing aluminium powder from sheets, an essential ingredient in fireworks manufacturing. Sengamalapatti is a village panchayat located in the Virudhunagar district of Tamil Nadu state, India. The injured were swiftly taken to Sivakasi Government Hospital, where they remain in critical condition. According to sources, the fire erupted suddenly while the workers were grinding chemicals, swiftly engulfing the shed with a deafening roar. Firefighters from Sivakasi rushed to the scene but encountered difficulties in extinguishing the flames....
Sortera Technologies welcomes Curt Sacks as the Senior Vice President & CFO
Sortera Technologies, Inc. recently announced the appointment of Curt Sacks as its senior vice president and CFO. With almost thirty years of experience across public and private sectors, Curt brings a wealth of financial and leadership expertise to Sortera. His primary focus will be guiding the finance team as the company continues its expansion and commercialisation initiatives nationwide. Curt Sacks – Senior VP & CFO Before joining Sortera, Curt held the position of CFO at Zero Motorcycles, a prominent manufacturer of two-wheel EV vehicles and electric powertrains. His tenure was marked by significant growth and expansion, a testament to his financial acumen and strategic leadership. Prior to Zero, Curt served as CFO for both GigOptix, Inc. and Endwave Corporation, two publicly listed...
Allup Silica uncovers Kaolin clay deposits with 17 % to 20% of alumina content
Allup Silica has uncovered a potentially significant kaolin clay deposit following an exploration campaign targeting silica and rare earths at its Pink Bark project near Esperance in Western Australia. Preliminary analysis of the initial samples indicated aluminium oxide (alumina) content within the range of 17 per cent to 20 per cent. The company estimates the deposit between 700,000 and 1.2 million tonnes of kaolin spread across 69 square kilometres. To investigate further, they conducted an XRF analysis on eight selected samples. During the reconnaissance air-core (AC) drilling, which involved 41 holes averaging 20 meters in depth across two exploration licenses, totalling 823 meters drilled and logged at 1-meter intervals, the kaolin was observed in thicknesses ranging from 5 meters...
China’s average alumina spot price skyrockets by RMB65/t; A00 aluminium ingot price expands by RMB2100/t Y-o-Y
On Tuesday, May 7, the average alumina spot price in China surged by RMB 65 per tonne to settle at RMB 3,566 per tonne. According to the SMM data, the prices have shown growth in all the provinces, with the highest in Lianyungang, where they have skyrocketed by RMB 100 per tonne to reach RMB 3,620 per tonne. On the same day, the alumina prices in Shandong, Shanxi and Guizhou have expanded by RMB 70 per tonne to clock at RMB 3,540 per tonne, RMB 3,560 per tonne, and RMB 3,570 per tonne. In Guangxi and Bayuquan the prices have experienced the same growth by RMB 70 per tonne to rest at RMB 3,635 per tonne and RMB 3,640 per tonne. The A00 aluminium ingot price on a Y-o-Y calculation has surged by RMB 2,100 per tonne from RMB 18,470 per tonne recorded on May 8 2023. As of today, the domestic...
