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 price sets for 6th weekly gain; SHFE price grows to US$2,845/t
LME aluminium opened at US$2,610 per tonne in the previous trading day, with its high and low at US$2,684 per tonne and US$2,608.5 per tonne, respectively, before closing at US$2,660.5 per tonne, up US$50.5 per tonne or 1.93 per cent. On Friday, April 19, most non-ferrous metals, notably the LME aluminium , were poised for a sixth consecutive weekly increase. This rise was fuelled by supply apprehensions resulting from sanctions imposed on Russian metal exports. As per the LME data, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$45.5 per tonne or 1.75 per cent to settle at US$2,645 per tonne and US$2,645.50 per tonne. On the same day, both 3-month bid price and 3-month offer price also soared by US$63 per tonne or 2.43 per cent to peg at...
China strongly opposes US restrictions on aluminium & steel products
China has strongly opposed the United States imposing new restrictive measures on Chinese aluminium and steel products, condemning the move as unilateral and protectionist. The announcement came from China's Commerce Ministry, which denounced the US actions and labelled the accusations against China as groundless. According to a ministry spokesperson, the newly imposed measures could triple tariffs on Chinese steel and aluminium products. The spokesperson emphasised that the US's actions ignore the established international economic and trade order and violate established rules. Furthermore, the statement criticised the US for politicising economic and trade issues and abusing procedures such as the Section 301 tariff review process. What the Commerce Ministry stated The Commerce...
Egyptalum joins AL Biz, the fastest-growing B2B online marketplace
Egyptalum , the leading aluminium producer in Egypt and a significant player in Africa, has built a strong reputation over the years. With an impressive annual production exceeding 320,000 tonnes, the company's energy requirements are seamlessly met by the Aswan High Dam. The company has been successfully onboarded by AL Biz , 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. Products offered by Egyptalum include: Aluminium Profiles Aluminium Ingot Aluminium Slab Aluminium Wire Rod Since its establishment in 1969, Egyptalum has witnessed...
Tianshan Aluminium advances Indonesian ventures with bauxite exploration & alumina project
Tianshan Aluminium's 2023 annual report highlights substantial advancements in its bauxite projects, particularly in Indonesia and Guinea. The report outlines that the Indonesian bauxite project, which the company has invested in and acquired, is engaged in a detailed exploration of resource reserves. It is on the verge of completing the prerequisites for equity delivery. Furthermore, Tianshan Aluminum intends to invest in constructing alumina projects with an annual capacity of 2 million tonnes in Indonesia. The company, in its commitment to environmental responsibility, has initiated the Environmental Impact Assessment (EIA) approval procedures with relevant local authorities for the Indonesian project. Importantly, this project has secured inclusion in Indonesia's list of national...
Rio Tinto ISAL comes in support of Iceland’s Grindavík community
Rio Tinto, the world's second-largest metals and mining corporation, has donated $1.5 million to the Icelandic Red Cross to aid the Grindavík community and its people, which has endured months of volcanic activity. The ISAL aluminium smelter team has shown remarkable care and solidarity, coming forward when it matters most. Grindavík Mayor Fannar Jónasson stated, "We would like to thank Rio Tinto for this initiative and this generous donation. The ISAL team has shown us great care and solidarity, stepping up to the plate when we need it most. We do not control the course of natural forces, but this kind of support helps us deal with their consequences and the pressing issues facing our community at present." About the volcanic eruption Since December, relentless eruptions have had a...
China’s A00 aluminium ingot price reflects M-o-M growth of 5.6%; Low carbon aluminium price gains RMB111/t
On Friday, April 19, China’s A00 aluminium ingot price gained RMB 120 per tonne to clock at RMB 20,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 per tonne to RMB 40 per tonne. The domestic aluminium ingot price shot up by RMB 1090 per tonne or 5.66 per cent M-o-M from RMB 19,250 per tonne recorded on March 19. As of today, the average prices may hover between RMB 20,320 per tonne and RMB 20,360 per tonne. On the same day, the prices in Gongyi, Wuxi, and Hangzhou expanded by RMB 120 per tonne to settle at RMB 20,290 per tonne and RMB 20,340 per tonne. In Chongqing and Shenyang, the price of A00 aluminium ingots has hiked by RMB 100 per tonne to RMB 20,320 per tonne. In Foshan, Linyi, and Tianjin, the prices have grown by RMB 90 per tonne,...
EAPG members join forces to boost the circularity of aluminium beverage cans
Four prominent flat-rolled aluminium manufacturers, members of the European Aluminium Packaging Group (EAPG)—Constellium, Elval, Novelis, and Speira—have agreed to collaborate on a standardisation initiative to enhance the recycled content levels of beverage cans. This initiative is geared towards significantly reducing carbon emissions. The primary focus lies in increasing the recyclability of can ends. Currently, aluminium beverage cans contain two different aluminium alloys for the body, and the can end. While the aluminium used for the can body already boasts a high recycled content and supports exceptional recyclability, there remains untapped sustainability potential concerning the can end. About the project The project's central objective is to investigate alternative alloys that...
Aluminium industry’s green leap: Top 6 CO2 reduction initiatives carried out within the industry
Aluminium is pivotal in advancing modern technologies to facilitate the transition to sustainable energy. However, its significance comes with a caveat: the substantial emission of greenhouse gases (GHGs) on a global scale. According to the International Energy Agency (IEA), aluminium production alone contributes approximately 3 per cent of GHG emissions, totalling around 270 tonnes. As the world shifts towards cleaner energy sources, the demand for aluminium is poised to surge dramatically by up to 40 per cent by 2030. In recent years, a global movement towards carbon neutrality has gained momentum, with countries worldwide revising their policies and strategies to achieve these goals. This movement is accompanied by a dynamic surge in electric vehicle adoption and a thriving investment...
China’s A00 aluminium ingot price grows to RMB20,220/t; Low carbon aluminium price surge by RMB80/t
On Thursday, April 18, China’s A00 aluminium ingot price ascended by US$60 per tonne to clock at US$20,220 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 may orbit between RMB 20,200 per tonne and RMB 20,240 per tonne. As per the SMM data, the prices in Linyi and Tianjin have hiked by RMB 90 per tonne and RMB 80 per tonne to arrive at RMB 20,300 per tonne and RMB 20,270 per tonne. The A00 aluminium ingot prices in Shenyang and Foshan have grown by RMB 70 per tonne, settling at RMB 20,170 per tonne and RMB 20,220 per tonne. In Chongqing and Gongyi, the prices have risen by RMB 60 per tonne, reaching RMB 20,220 per tonne and RMB 20,170 per tonne. The prices in Wuxi and Hangzhou have added RMB 50 per tonne...
Sanctions on Russian metal continue to drive LME aluminium prices; SHFE price gains US$5/t
LME aluminium opened at US$2,550 per tonne in the previous trading day, with its high and low at US$2,597 per tonne and US$2,549 per tonne, respectively, before closing at US$2,570 per tonne, up US$10.5 per tonne or 0.41 per cent. LME aluminium prices witnessed a notable growth yesterday, propelled by the ongoing sanctions on Russian metals. These sanctions are designed to cut off a significant revenue stream for Russia, which has been supporting its military activities in Ukraine through metal exports. As per the LME data, on Wednesday, April 17, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$69 per tonne or 2.74 per cent to peg at US$2,580 per tonne and US$2,581 per tonne. 3-month bid price and 3-month offer price also expanded by US$29 per...
Belvac appoints Eric Hodge as the new VP of global business development
Headquartered in the US, Belvac, known for providing the global aluminium beverage can industry with sustainable solutions, announced the appointment of Eric Hodge as the new Vice President of Global Business Development. With an impressive 15-year tenure at Belvac, Eric has spearheaded the company's global sales development and service strategies. Eric's leadership has driven Belvac's growth and success to new heights throughout his tenure. In his expanded capacity, Eric will now take on direct leadership of Belvac's global and regional parts and service centres. Belvac, a pioneer in the industry, remains committed to innovation and close collaboration with key stakeholders. The company's growth initiatives are guided by the invaluable input from customers, a testament to Belvac's...
HAIMK breaks ground on its state-of-the-art aluminium parts facility for EV
HAIMK, a subsidiary of LS Materials, has commenced the construction of an aluminium parts plant dedicated to electric vehicles in Gumi, North Gyeongsang Province. As per LS Materials, the facility is set to initiate mass production of battery cases by the first quarter of next year, boasting an annual capacity sufficient for 300,000 EVs. These battery cases are crafted from high-strength aluminium, offering robust protection against external impacts without additional steel materials. LS Materials has announced that HAIMK, a joint venture between LS Materials and Austria's Hammerer Aluminium Industries (HAI), will invest 75 billion won to construct a 16,305-square-meter facility within the Gumi National Industrial Complex. "Our products will be the only kind in Korea that meet automakers'...
YKK Corporation embarks on green transition: Introduces low-carbon aluminium zippers
Japan-based YKK Corporation, a renowned global manufacturer of fastening products, has announced its plans to shift towards eco-friendly zippers by adopting alloy wires made from low-carbon aluminium. This strategic move aligns with the company's goal of reducing greenhouse gas (GHG) emissions, as outlined in its Sustainability Vision 2050. To achieve this, the company has partnered with Sumitomo Electric Industries, Ltd. and Sumitomo Electric Toyama Co., Ltd., signing a contract for using low-carbon aluminium. Starting in fiscal year 2024, YKK will commence purchasing the low-carbon alloy wires for their aluminium zippers. This marks the beginning of a staged transition from traditional aluminium alloy zippers to a more sustainable and environmentally friendly option. The company intends...
China Hongqiao Group shines with Best Sustainability-Linked Loan Aluminium Award 2024
China Hongqiao Group Limited was recently honoured with the Best Sustainability-Linked Loan for Aluminium (China - Offshore) at The Asset Triple A Awards 2024, hosted by The Asset, a premier financial magazine. Christine Wong attended the prestigious awards ceremony at the Four Seasons Hotel Hong Kong on March 12, 2024, as Executive Director and Head of Corporate Finance, and Lucia Yu, Head of Investor Relations, representing China Hongqiao Group. A noteworthy milestone A noteworthy milestone for the group was issuing a Sustainability-Linked Loan (SLL) valued at HK$2.33 billion, with a Green Shoe Option available, in early 2024. As ESG gains prominence in the financial sector, SLLs continue gaining traction in major Asian and global markets. The SLL introduced by China Hongqiao Group...
LME aluminium benchmark price drops to US$2,512/t; SHFE price descends by US$19/t
LME aluminium opened at US$2,555 per tonne in the previous trading day, with its high and low at US$2,569 per tonne and US$2,517 per tonne, respectively, before closing at US$2,559.5 per tonne, up US$11 per tonne or 0.43 per cent. On Tuesday, April 16, both LME aluminium cash bid price and LME aluminium official settlement price decreased by US$9 per tonne or 0.35 per cent and US$8.5 per tonne or 0.33 per cent to settle at US$2,511 per tonne and US$2,512 per tonne. As per the LME data, 3-month bid price and 3-month offer price dipped by US$12 per tonne or 0.47 per cent and US$13 per tonne or 0.51 per cent to settle at US$2,534 per tonne and US$2,535 per tonne. December 25 bid price and December 25 offer price went down by US$3 per tonne or 0.11 per cent to clock at US$2,677 per tonne and...
Dirty Labs debuts Murasaki Scent Oil in 100% recyclable aluminium bottles
Dirty Labs, the trailblazing cleaning company committed to rendering petrochemical cleaning obsolete, has just unveiled its latest creation: Murasaki Scent Oil, now available in a recyclable aluminium bottle. After the resounding success of its Signature Scent Oil, which flew off shelves twice, Dirty Labs is ecstatic to introduce a new addition to its scent-focused lineup. Murasaki Scent Oil is artfully designed to complement Dirty Labs' Murasaki Bio Laundry Detergent, offering an unmatched olfactory experience for your freshly washed clothes. Simply sprinkle a few drops of Murasaki Scent Oil onto wool dryer balls before starting your dryer cycle, enveloping your garments in its captivating fragrance. "At Dirty Labs, we're committed to redefining the way people approach laundry day. With...
LME aluminium benchmark price hikes by US$32.5/t; SHFE price expands by US$43/t following the freshly imposed sanctions
LME aluminium opened at US$2,457.5 per tonne last Friday, with its high and low at US$2,512 per tonne and US$2,454 per tonne, respectively, before closing at US$2,478.5 per tonne, up US$22.5 per tonne or 0.92 per cent. On Friday, April 12, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$33 per tonne or 1.36 per cent and US$32.5 per tonne or 1.34 per cent to settle at US$2,442.50 per tonne and US$2,443 per tonne. On the same day, both 3-month bid price and 3-month offer price expanded by US$36 per tonne or 1.46 per cent to clock at US$2,495 per tonne and US$2,496 per tonne. December 25 bid price and December 25 offer price ascended by US$25 per tonne or 0.95 per cent to peg at US$2,650 per tonne and US$2,655 per tonne. LME aluminium opening stock...
Architectural Glass and Aluminium Limited Company halts trading to enter administration
Durham-based Architectural Glass and Aluminium Limited (ARGLA) has ceased trading and is heading into administration. Specialising in manufacturing architectural glass and aluminium for commercial clients, ARGLA faced unexpected losses on a significant contract and was embroiled in a legal dispute with one of its main contractors. Despite the directors' strenuous efforts to tackle the challenges, including a substantial working capital requirement, they could not secure additional financial support. This led to the unfortunate decision to cease trading. Gareth Harris and Lee Lockwood of RSM Restructuring Advisory LLP are poised to be appointed as joint administrators. Gareth Harris, partner at RSM and joint administrator, said, "Such a large drop in profit on two large contracts has...
