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 moves up by US$1/t; SHFE price gains US$20/t
LME aluminium opened at US$2,585 per tonne yesterday, with its high and low at US$2,612 per tonne and US$2,560.5 per tonne, respectively, before closing at US$2,571 per tonne, down US$13 per tonne or 0.5 per cent. On Thursday, April 25, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$1 per tonne or 0.03 per cent to stand at US$2,586 per tonne and US$2,586.50 per tonne. As per the LME data, both 3-month bid price and 3-month offer price gone up by US$11.5 per tonne or 0.44 per cent to clock at US$2,609.50 per tonne and US$2,610 per tonne. December 25 bid price and December 25 offer price gained uS427 per tonne or 1 per cent to settle at US$2,712 per tonne and US$2,717 per tonne. LME aluminium opening stock came in at 494875 tonnes. Live...
Roberts Metal Packaging earns the prestigious AA+ Rating for all of its aluminium & tinplate containers
Roberts Metal Packaging has proudly attained the esteemed AA+ rating, the highest possible standard, in packaging materials globally, as awarded by BRCGS (Brand Reputation through Compliance Global Standard). Achieving an AA+ rating signifies that all pre-threaded screw-caps, godets, and aluminium and tinplate containers from them are guaranteed top quality, compliant with legal standards, and genuine, ensuring customers' and manufacturers' peace of mind. About the AA+ rating This accolade, earned through a rigorous unannounced audit, solidifies the Thamesmead site's position among the elite suppliers in the packaging industry. For the past 25 years, the BRCGS Packaging Materials Global Standard has served as the gold standard for assessing packaging materials, with over 22,000 sites...
Vedanta's 'Autoedge' conclave showcases aluminium solutions for the automotive sector
Vedanta Aluminium, India's leading aluminium producer, recently hosted AutoEdge 2024, a pivotal industry conclave focusing on the automotive sector, in New Delhi. Aluminium, pivotal for modern transportation, has emerged as a crucial raw material in automotive manufacturing. The event showcased expert-led sessions outlining the sector's future trajectory and aluminium's integral role in its evolution. It served as a platform for forging new collaborations and exploring innovative avenues. About the event Commenting on the event, Mr John Slaven, CEO of Vedanta Aluminium, said, "We offer our customers in the automotive industry an unmatched combination of advantages: global expertise, cutting-edge technology, customised alloys, ease of doing business, a reliable supply chain and most...
EverlastLabs reports shocking reality: 27% of aluminium cans & PET bottles end up in landfills
EverestLabs, a leading robotics supplier headquartered in Fremont, California, has released a recent report shedding light on the fate of recyclable materials at Material Recovery Facilities (MRFs). According to their findings, approximately 27 per cent of aluminium cans, PET, HDPE, and PP collected at MRFs are disposed of rather than recycled. This data stems from a comprehensive analysis conducted over two years, during which EverestLabs gathered sample data from MRFs across its customer base. The study focused on estimating the yield loss at the MRF level across different material streams. About the findings The scale of the problem becomes even more apparent when we consider the extrapolation of the sample results. The data was collected from the 'last-chance' lines of single-stream...
China’s average alumina spot price expands by RMB28/t; A00 aluminium ingot price surge by RMB200/t
On Thursday, April 25, China's average alumina spot price experienced a significant increase, soaring by US$28 per tonne to settle at RMB 3,362 per tonne. This was followed by a surge of RMB 40 per tonne in Bayuquan, reaching RMB 3,400 per tonne. This upward trend is noteworthy, as it marks a M-o-M increase of RMB 44 per tonne from RMB 3,318 per tonne recorded on March 25. As per the data, Y-o-Y, the price has gained RMB 464 per tonne from RMB 2,898 per tonne. The price changes in different regions of China further highlight the dynamic nature of the alumina market. In regions like Shandong and Shanxi, the alumina prices have ascended by RMB 30 per tonne to arrive at RMB 3,340 per tonne. Similarly, the prices in Henan and Guangxi have expanded by RMB 30 per tonne to peg at RMB 3,385 per...
India’s imported aluminium scrap prices experience weekly gains owing to upward trend in LME prices
This week, India's imported aluminium scrap market saw a notable uptick, buoyed by the positive trajectory of LME futures prices, which surged by $50 per tonne week-over-week (W-o-W) to hit $2600 per tonne. As of the latest report, the three-month LME price stood at approximately $2,600 per tonne, reflecting a 2.5 per cent increase from the previous week's $2,550 per tonne. Concurrently, stocks were recorded at 500,000 tonnes, marking a 3.4 per cent decrease week-over-week. Sanctions pushed aluminium prices upwards The surge in aluminium prices on the commodity exchange market during the week can be attributed to the sanctions imposed by the US and UK on Russian metals, alongside concerns of supply chain disruptions stemming from ongoing geopolitical tensions. As one of the key players in...
Hasten Extrusions joins AL Biz’s B2B aluminium marketplace with high-quality products
Established in 2018, Hasten Extrusions Pvt. Ltd., a premier manufacturer renowned for excellence in aluminium extruded sections, has been successfully onboarded by AL Biz, one of the world's first B2B markets for the global aluminium sector. AL Biz is a pioneering worldwide platform that facilitates transactions between several buyers and sellers operating within the aluminium value chain. The organisation's primary function is to simplify the connection between customers and merchants via searches conducted on listed items and business prospects. About Hasten Extrusions Nestled in Khandiwada Village along the Vadodara-Halol expressway, merely 35 km from the bustling city of Baroda/Vadodara in Gujarat, Hasten Extrusions has two cutting-edge extrusion presses boasting capacities of 1100...
President of India honours Dr Sitaram Jindal with Padma Bhushan for his outstanding philanthropy & healthcare initiatives
Dr Sitaram Jindal, an esteemed visionary in philanthropy and healthcare, was honoured with the prestigious Padma Bhushan Award by the President of India at a ceremony held at Rashtrapati Bhavan in New Delhi. This event, attended by the Prime Minister and esteemed dignitaries, marked a significant recognition of Dr. Jindal's outstanding contributions to society. Born on September 12, 1932, in the tranquil village of Nalwa, Haryana, Dr. Sitaram Jindal's life journey is profoundly inspirational. Beyond his entrepreneurial prowess as the founder and Chairman of Jindal Aluminium Limited (JAL), India's largest aluminium extrusion manufacturer, his vision transcends mere business. Dr Jindal has garnered admiration from esteemed figures, including former Prime Ministers like Atal Bihari Vajpayee,...
Alufinish and Columbia Chemical team up to redefine aluminium surface treatment in the US
Alufinish, headquartered in Andernach, Germany, and Columbia Chemical, based in Brunswick, Ohio, are uniting their strengths to revolutionise the sales and service capacities in the U.S. market. This strategic collaboration is set to offer a unique blend of products and services, catering to a broader clientele, and setting new standards in the industry. Together, the two companies, each a leader in their respective fields, will provide integrated solutions for the surface treatment of aluminium alloys. From pre-treatment to anodising and coating processes, this partnership guarantees a comprehensive and expert approach to meet the diverse needs of customers in the aluminium industry. “This collaboration reflects our shared commitment to delivering innovation and excellence. By combining...
Ottawa-based aluminium powders producer raises $14.6 million in funding with Martinrea at the helm
Equispheres, a leading provider of tailored aluminium powders for Additive Manufacturing, has successfully concluded its Series B financing, securing a substantial $14.6 million (CA $20 million) in funding. This significant milestone, with Martinrea International Inc. as the lead investor, underscores Equispheres' growth trajectory and potential for further expansion. With Martinrea and several new institutional investors on board, the ongoing financing, set to continue until June 30, 2024, is strategically earmarked for key initiatives. These include the deployment of multiple new reactors throughout 2024, a move aimed at fortifying support for existing production programs and ensuring a steady growth trajectory for Equispheres. "The potential of Additive Manufacturing to transform...
LME aluminium benchmark price dwindles by US$69/t; SHFE price drops to US$2,780/t
LME aluminium opened at US$2,661.5 per tonne yesterday, with its high and low at US$2,669.5 per tonne and US$2,562.5 per tonne, respectively, before closing at US$2,576 per tonne, down US$82 per tonne or 3.09 per cent. On Tuesday, April 23, both LME aluminium cash bid price and LME aluminium official settlement price nosedived by US$70 per tonne and US$69 per tonne to clock at US$2,583 per tonne and US$2,585 per tonne. As per the data, both 3-month bid price and 3-month offer price dwindled by US$75 per tonne or 2.81 per cent to settle at US$2,585 per tonne and US$2,585.50 per tonne. December 25 bid price and December 25 offer price contracted by US$42 per tonne to halt at US$2,683 per tonne and US$2,688 per tonne. LME aluminium opening stock came in at 497300 tonnes. Live warrants and...
Ye Chiu Metal Smelting achieves the ASI Performance Standard V3 (2022) Certification
On Tuesday, 23 April, the Aluminium Stewardship Initiative (ASI) announced that Ye Chiu Metal Smelting has achieved the ASI Performance Standard V3 (2022) for its secondary aluminium alloy ingot manufacturing operations in Johor, Malaysia. This facility, among the largest in Asia for aluminium recycling, specialises in producing alloy ingots from scrap aluminium. Its infrastructure includes melting and holding furnaces, casting lines, and stacking machines, enabling it to process over 40,000 tonnes annually. SGS-CSTC Standards Technical Services conducted the independent audit of Ye Chiu Metal Smelting Sdn. Bhd. “Ye Chiu Group has achieved a major milestone by obtaining the Performance Standard Certification, which recognises its commitment to responsible production practices in the...
QazAlPack, Kazakhstan's first aluminium beverage cans plant, gears up for a significant expansion
Kazakhstan's first beverage can plant, located in the Ontustik industrial zone of Shymkent, is gearing up for a significant expansion later this year. QazAlPack (QAP) specializes in manufacturing 450ml aluminium beverage cans tailored for drinks and compatible with 202-diameter CDL ends. It is the sole can-making facility in Central Asia. Andrew Ushakov, the project manager at QazAlPack (QAP), has confirmed plans to double the plant's production capacity, aiming to reach up to 1 billion aluminium cans per year. Furthermore, the plant also focuses on lightweighting its cans. Through enhancements in production processes, they have managed to reduce the starting gauge of the aluminium coil from 0.265mm to a thinner 0.245mm, ensuring greater efficiency and cost-effectiveness in production....
Cheers to sustainability: Golden Grail launches KOZ Water in 16 oz aluminium cans
Golden Grail Beverages has unveiled its latest eco-conscious endeavour: the launch of KOZ Water in 16 oz aluminium cans. This introduction addresses the escalating consumer demand for sustainable and health-oriented hydration choices. In line with this commitment, the company plans to allocate significant resources to ensure widespread availability of KOZ Water, with initial rollouts slated for as early as May 2024 in select locations. “Emphasising our commitment to not only personal health but also to the planet, it’s important to highlight the broader environmental impact of packaging choices. The global recycling rate for plastic bottles languishes below 50%, with a fraction being repurposed into new bottles. In stark contrast, aluminium stands as a beacon of recyclability, boasting...
Nigeria's $3.2 billion aluminium smelter faces another setback
Nigeria's aspiration for a domestically-produced aluminium industry seems increasingly distant as the $3.2 billion Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, once again fails to meet its long-awaited revival deadline. The recent setback has sparked renewed criticism of the project, prompting many Nigerians to question its feasibility and potential economic advantages. Critics highlight the escalating costs, recurrent delays, and perceived lack of transparency as indicators of mismanagement and inadequate planning. ALSCON was established with the explicit aim of harnessing Nigeria's vast gas reserves and curbing gas flaring, redirecting this resource to power the smelter plant through a gas-to-power framework. Originally commissioned in 1999, the smelter...
China’s A00 aluminium ingot price dwindles by RMB420/t to RMB20,270/t; Alumina price gains RMB3/t
On Tuesday, April 23, China’s A00 aluminium ingot price dwindled by RMB 420 per tonne to settle at RMB 20,270 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan and Gongyi have contracted by RMB 430 per tonne and RMB 420 per tonne to halt at RMB 20,220 per tonne and RMB 20,210 per tonne. On the same day, the prices in Wuxi and Hangzhou have nosedived by RMB 400 per tonne to arrive at RMB 20,270 per tonne, followed by a downfall of the same amount in Hangzhou to settle at RMB 20,240 per tonne. In Linyi and Tianjin, the domestic aluminium ingot prices have decreased by RMB 410 per tonne and RMB 400 per tonne, settling at RMB 20,330 per tonne and RMB 20,270 per tonne. In Shenyang, the price...
Polestar’s double debut with AI smartphone featuring aerospace-grade aluminium & Synergy concept car
Polestar , the renowned electric car manufacturer, is venturing into the handheld device realm with its inaugural AI smartphone crafted from aerospace-grade aluminium and crystal-polished glass. The grand unveiling is slated for April 23rd, 2024, in China, coinciding with the debut of the concept car Synergy, all set to unfold at the prestigious Polestar Brand Night event. Polestar has taken to Weibo to entice its audience with a series of sneak peeks unveiling the much-anticipated AI smartphone. So far, the glimpses reveal a device designed with meticulous attention to detail. The frame, elegantly rounded at the edges, is crafted from NP66 aerospace-grade aluminium, renowned for its shockproof properties. This ensures durability even in the event of accidental drops. This choice of...
EU-funded project turns bauxite residue into sustainable roads: RemovAL success story
The European Union (EU) can bolster its recycling objectives by utilising waste generated during the production of aluminium, nickel, and other industrial materials. Recognising these challenges, a team of researchers secured funding from the EU to address the issues surrounding red mud. Their project, named RemovAL, spanned five years until April 2023. Their innovative solution involved repurposing bauxite residue to pave roads, exemplified by the project's implementation at the Aughinish aluminium refinery. In Limerick, Ireland, nestled within the confines of a former aluminium refinery, lies a pioneering initiative set to reshape Europe's approach to waste management. About RemovAl RemovAl is a EU-funded cooperation project about removing waste from the primary aluminium and alumina...
