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.
China-based Jinfei Kaida plans to invest CNY557 million for its upcoming aluminium alloy plant
Shares of Jinfei Kaida Wheel surged following the Chinese manufacturer's announcement regarding its third capacity expansion plan this year. Jinfei Kaida revealed its intention to invest CNY557 million (USD77 million) in constructing a new plant in Thailand's Thai-Chinese Rayong Industrial Zone. About the new plant This facility will focus on producing two million aluminium alloy wheel hubs annually, specifically for new energy vehicles. The Jinhua-based company shared that the plant's construction is expected to be completed within two years. According to the firm's announcement, the new plant is projected to generate annual sales revenue of CNY578 million and an estimated profit of around CNY95.6 million (USD13.2 million) upon reaching its designed capacity. The new plant is expected to...
‘Munch, Scrunch, Recycle!’ with Alupro’s Easter-themed aluminium recycling campaign
Alupro, the organisation dedicated to recycling aluminium packaging, is embracing the spirit of spring by launching its latest Easter-themed promotional campaign, 'Munch, Scrunch, Recycle!.' Geared towards local authorities, this initiative aims to inspire residents to be more mindful of their waste this holiday season. In the UK, approximately 80 million Easter eggs are purchased yearly, with many wrapped in recyclable aluminium foil. As part of this week's campaign, Alupro urges local authorities to access a collection of social media images and animations, available in both English and Welsh, to champion responsible recycling. These resources, ready for download from the Alupro website, are crafted to motivate residents to scrunch up and recycle their foil once they've indulged in...
LME aluminium benchmark price drops by US$37.5/t; SHFE price moves up by US$4/t
LME aluminium opened at US$2,303 per tonne in the previous trading day, with its high and low at US$2,309.5 per tonne and US$2,276 per tonne, respectively, before closing at US$2,303 per tonne, up US$3 per tonne or 0.13 per cent. On Wednesday, March 27, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$37.5 per tonne or 1.64 per cent to stand at US$2,237.50 per tonne and US$2,238 per tonne. 3-month bid price and 3-month offer price dropped by US$38 per tonne or 1.63 per cent and US$37.5 per tonne or 1.61 per cent to peg at US$2,286 per tonne and US$2,287 per tonne. December 25 bid price and December 25 offer price declined by US$31 per tonne or 1.22 per cent to reside at US$2,492 per tonne and US$2,497 per tonne. LME aluminium opening stock came...
N.A. Holding expands portfolio with the acquisition of AGA, a premier glass & aluminium fabricator
N.A. Holding Corp., a diversified holding company owned by Matt Wojewuczki and Doyle McCauley, has recently acquired Architectural Glass and Aluminum (AGA), a premier aluminium and glass fabricator in Columbia City. "NA Holding Corp. is dedicated to ensuring a smooth transition for AGA into its portfolio of companies. With this acquisition, NA Holding looks forward to supporting AGA's continued success and contributing to its growth in the years ahead," said the announcement. Situated at 1050 S. Williams Drive, AGA is renowned for its extensive offerings, which include curtain walls, storefronts, windows, skylights, composite panels, point-supported glass systems, railings, and architectural sunscreens. The company's headquarters and 10,000-square-foot fabrication and stock warehouse are...
EGA aims to modernise the future of aluminium production with SAP's S/4HANA software
Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside of the oil and gas sector, has recently inked a significant deal with SAP. This partnership aims to modernise EGA's core enterprise resource planning (ERP) system by transitioning to SAP's cutting-edge S/4HANA software. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said, "Our digital transformation is a core part of achieving EGA's bold aspiration to innovate the future of aluminium production. Leading our sector in the application of Industry 4.0 requires advanced computing and software capabilities to generate real-time data analytics and insights. The opportunities of Industry 4.0 are not just in our operations, but also in the functions through which we...
Xinjiang Zhonghe's 2023 financial report: Operating income slumps by 15.52% Y-o-Y
China-based Xinjiang Zhonghe recently released its 2023 financial report. In its 2023 performance report, Xinjiang Zhonghe disclosed that it attained an operating income of RMB 6.535 billion, marking a 15.52 per cent decrease compared to the previous year. The net profit attributable to shareholders of the parent company reached RMB 1.561 billion, showcasing a 0.88 per cent year-on-year increase. The net cash flow from operating activities also stood at RMB 619 million, reflecting a 42.28 per cent decrease compared to the corresponding period last year. Factors influencing the shift Several factors primarily influenced the shift in operating income. Firstly, the period saw a sluggish growth in market demand, particularly with a decline in the demand for certain consumer electronic...
Alpha HPA makes strides with small-scale production of its 5N purity aluminium nitrate
Alpha HPA, the aluminium chemicals company, has recently initiated small-scale commercial production of its 5N purity aluminium nitrate (Al-nitrate) precursors at its Stage 1 Precursor Production Facility (PPF) in Gladstone, Queensland. The facility manufactures high-purity alumina (HPA), essential components used as anodes in lithium-ion batteries. Additionally, it is in the final stages of equipment commissioning to enhance its capacity to produce the complete range of the company's high-purity aluminium products. According to a recent company statement, Alpha HPA is nearing completion of the Definitive Feasibility Study (DFS) and securing financing arrangements for Stage 2 of the HPA First Project. This significant step will establish a full-scale commercial aluminium purification...
China’s A00 aluminium ingot price gains RMB870/t Y-o-Y; Low carbon aluminium price hikes to RMB20,288/t
On Wednesday, March 27, China’s A00 aluminium ingot price slumped by RMB 180 per tonne to settle at RMB 19,270 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. On the other hand, Y-o-Y, a growth of RMB 870 per tonne, was recorded from RMB 18,400 per tonne recorded on March 27, 2023. As of today, the average prices may orbit between RMB 19,250 per tonne and RMB 19,290 per tonne. The prices in Foshan and Gongyi have fallen by RMB 180 per tonne and RMB 160 per tonne, settling at RMB 19,170 per tonne and RMB 19,220 per tonne. On the other hand, in Wuxi and Hangzhou, the prices have expanded by RMB 110 per tonne to peg at RMB 19,430 per tonne, followed by a rise of RMB 110 per tonne in Shenyang to halt at RMB 19,370 per...
Cooxupé stuns at Femagri with new Evolutto coffee edition in sustainable aluminium packaging
At the Agricultural Machines, Implements, and Inputs Fair (Femagri), hosted from March 20 to 22 in Guaxupé (MG), Cooxupé, a coffee cooperative comprising over 19 thousand cooperative producer families, unveiled two exclusive launches. They introduced the premium version of Evolutto coffee in aluminium packaging and showcased the new aluminium packaging for the Prima Qualità brand. The decision to utilise aluminium packaging was driven by the company's goal to enhance product preservation. Coffee packaging crafted from this material offers a myriad of benefits. It shields against light and humidity, ensuring the coffee's flavour and freshness are maintained for extended durations. "Through research, we identified consumers' main doubts and concerns regarding the old Prima Qualità coffee...
Aluko strikes a $601.4 million deal with Blue Oval SK for EV battery components
Aluko, a company specialising in aluminium parts and materials, is significantly moving into the U.S. electric vehicle battery market. The company has recently signed a contract with Blue Oval SK LLC and will supply the module case protect frame, a crucial component for electric vehicle batteries, valued at $601.4 million (approximately 800 billion won). "The electric vehicle battery module case protect frame manufactured by Alumaterials America, which is established in the U.S., can be produced locally in the U.S. one-stop from extrusion production of aluminum to processing and assembly. It is expected to benefit from being recognised as an item that satisfies the production tax credit (AMPC) standard under the U.S. Inflation Reduction Act (IRA)," said an Aluko official. About the...
Queensland government backs GMG with AU$2 million funding for battery pilot plant
Graphene Manufacturing Group Ltd. ("GMG") has recently secured a significant boost for its endeavours with the State Government of Queensland. The company has agreed to the Queensland Critical Minerals and Battery Technology Fund, through which it will receive a grant of AU$ 2 million. This funding is earmarked for GMG's proposed Automated Battery Pilot Plant, explicitly designed to produce the company's pioneering Graphene Aluminium Ion Battery. The State Government of Queensland instituted the Queensland Critical Minerals and Battery Technology Fund with a vision to empower Australian businesses in the global market. The fund aims to bolster the extraction and processing of critical minerals within Queensland, expedite the advancement of battery technologies, and foster the production...
LME aluminium prices gain on concerns over sluggish production recovery in Yunnan; SHFE price loses US$9/t
LME aluminium opened at US$2,305 per tonne in the previous trading day, with its high and low at US$2,331 per tonne and US$2,294 per tonne respectively before closing at US$2,326.5 per tonne, up US$17.5 per tonne or 0.76 per cent. Aluminium prices surged to an 11-week high on Monday due to worries about a sluggish recovery in production in China's Yunnan province. This increase was further bolstered by a positive technical outlook. On Monday, March 25, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$21 per tonne or 0.93 per cent to settle at US$2,267 per tonne and US$2,267.50 per tonne. As per the LME price graph, both 3-month bid price and 3-month offer price expanded by US$24 per tonne or 1.04 per cent to stand at US$2,318.50 per tonne and...
Constellium's Ravenswood plant secures $75 million boost to deploy zero carbon technology
Constellium, the global leader in the development, manufacturing, and recycling of aluminium products and solutions, recently announced that its Ravenswood, West Virginia facility was chosen by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations for potential award negotiations for up to $75 million in funding. This funding is part of the Bipartisan Infrastructure Law and Inflation Reduction Act under the Industrial Demonstrations Program (IDP). "We are honored and proud to have been selected for this investment and express our gratitude to the Department of Energy for their support of Constellium and the aluminium industry. Public investments such as the ones made through the Inflation Reduction Act are essential to accelerate the decarbonization of our industry, and...
Qingzhen City launches its much awaited bauxite recycling project
On the afternoon of March 15th, 2024, the inaugural meeting for the Qingzhen City Bauxite Recycling Project (Phase I: 500,000 tonnes Desulfurisation) of Guiyang Industrial and Commercial Assets Management Co., Ltd. took place successfully in the conference room of the project department situated at the construction site. The successful gathering of the project kick-off meeting signifies the commencement of the Qingzhen City Bauxite Recycling Project by the Municipal Industrial and Commercial Assets Company, propelling it into full-fledged construction mode. All company employees are committed to "focusing on deadlines, accelerating progress," and diligently advancing each task. They are dedicated to constructing a project of exceptional quality, marking a firm and significant initial...
China Aluminum Tank witnesses a moderate rise of 11.9% Y-o-Y in total turnover for 2023
China Aluminum Tank announced that for the year ended December 31, 2023, the Group achieved a total turnover of approximately HK$236 million, marking a modest increase of around 11.9 per cent from the same period in 2022. Throughout this reporting period, the Group's net profit reached approximately HK$21.9 million, reflecting a growth of about 4.9 per cent from the corresponding period in 2022. The net interest rate for this reporting period stood at about 9.3 per cent (compared to approximately 9.9 per cent in 2022). Earnings per share attributable to ordinary equity holders of the parent company amounted to 2.4 Hong Kong cents. The rise in revenue primarily resulted from the easing of domestic COVID-19 control measures and enhancements in the overall business environment, which...
Tragedy strikes: 2 Thai workers killed in Juei Feng Aluminium plant blast
A tragic explosion at Juei Feng Aluminium Co., Ltd.'s plant in Kaohsiung on Saturday morning resulted in the loss of two Thai workers' lives, with six others sustaining injuries. The Kaohsiung City Fire Department officials reported that among the eight workers injured, one sadly passed away in the hospital, while another worker was found deceased at the site. About the victims The Ministry of Public Health of Thailand, represented by Cholnan Srikaew, later confirmed that the victims were two Thai nationals: a 37-year-old man from Maha Sarakham province and a 46-year-old man from Chaiyaphum province. Additionally, a 31-year-old Thai man from Bangkok sustained severe injuries and underwent surgery at a Taiwanese hospital. Thankfully, he is now in stable condition. Suspension of operation...
China’s A00 aluminium ingot price grows to RMB19,340/t; Low carbon aluminium price gains RMB30/t
On Monday, March 25, China’s A00 aluminium ingot price has grown by RMB 40 per tonne to settle at RMB 19,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. As per the data, the average prices may hover between RMB 19,320 per tonne and RMB 19,360 per tonne. As per the SMM data, the price in Linyi has grown by RMB 45 per tonne to settle at RMB 19,300 per tonne. On the same day, the A00 aluminium ingot prices in Wuxi and Hangzhou have hiked by RMB 40 per tonne to arrive at RMB 19,320 per tonne. In Gongyi, Foshan and Tianjin, the domestic aluminium ingot prices have ascended by RMB 30 per tonne to clock at RMB 19,230 per tonne, RMB 19,300 per tonne and RMB 19,290 per tonne. In Chongqing and Shenyang, the price has increased by...
Downstream aluminium recap: Shyam Metalics unveils ambitious INR 450 crore investment for new aluminium flat-rolled plant
Shyam Metalics & Energy Limited, an Indian metal producer based in Kolkata, West Bengal, has reportedly intended to invest in a greenfield project centred on producing aluminium flat-rolled products. As per the report on Monday, March 18, Hydro Extrusions inked a deal to offload its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. The Kaunas plant, a fabrication unit for Hydro's extrusion facilities in Sweden and Denmark, boasts around 170 employees. Capral Aluminium, Australia's leading manufacturer and distributor of aluminium extrusions, has revealed a strategic acquisition to strengthen its market position. Under the guidance of CEO Tony Dragicevich, the company has purchased Aluminium Trade Centre (ATC), a renowned aluminium sales and distribution business in Victoria. Shyam...
