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’s A00 aluminium ingot price gains RMB70/t to RMB18,860/t; Low carbon aluminium price adds RMB33/t
On Thursday, February 29, China’s A00 aluminium ingot price hiked by RMB 70 per tonne to settle at RMB 18,860 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. The average price for the same is expected to orbit between RMB 18,840 per tonne and RMB 18,880 per tonne. The prices have shown growth in all the provinces. The price in Wuxi has experienced a growth of RMB 80 per tonne to RMB 18,870 per tonne. In regions like Gongyi, Hangzhou, Chongqing, and Shenyang, it has grown by RMB 70 per tonne to settle at RMB 18,770 per tonne and RMB 18,860 per tonne, respectively. On the same day in Linyi, the A00 aluminium ingot price added RMB 60 per tonne to settle at RMB 18,880 per tonne, followed by a rise of RMB 50...
Major milestone: Southwest Aluminum's furnace upgrade cuts natural gas usage by over 20%
To comply with the national energy-saving policy and advance Chinalco Group's "double carbon" agenda, Southwest Aluminum and Chinalco Environmental Protection and Energy Conservation Technology (Hunan) have recently achieved the energy-saving refurbishment of their smelting furnace. This move underscores their commitment to green development, focusing on energy conservation and emission reduction. As a result, the energy-saving rate for natural gas consumption per ton of aluminium smelting has surpassed 20%. Adopting dispersed regenerative combustion technology for the No.24 boiler unit in the second part of melting and casting is a strategic move towards further energy efficiency. This technology, which changes the traditional premixed combustion mode, optimizes airflow circulation, and...
Hydro and NKT join forces to pioneer new frontiers in low-carbon aluminium wire-rod applications
Hydro and NKT have forged a strategic partnership to create an exceptional, low-carbon aluminium power cable value chain to support the growth of Europe's renewable energy grid. The two companies will work closely together on research and development initiatives and product innovations over the next decade leading to 2030. What the partnership holds Together, they will pioneer new frontiers in aluminium wire rod applications, aiming to significantly reduce carbon footprints without compromising on the impeccable quality they are known for. These cutting-edge projects will traverse the realms of primary and recycled aluminium sources, ushering in a greener era for the energy landscape of tomorrow. Despite the swift expansion of renewable energy sources, the looming challenge of outdated...
ASI accredits Kam Kiu’s aluminium extrusion facility in Taishan City with the CoC Standard V2 certification
Kam Kiu Aluminium Products Group's extrusion facility at Taishan City has achieved ASI Chain of Custody (CoC) Standard V2 (2022) Certification. Located in the Shiqiao Industrial Zone of Dajiang Country, Taishan City, the facility specializes in producing aluminium profiles tailored for door and window systems and profiles and grilles for broader construction projects. This certification extends to manufacturing construction and industrial aluminium profiles and grilles. Additionally, the facility has attained recertification to ASI Performance Standard V3. Both certifications, the ASI CoC Standard V2 (2022) and ASI Performance Standard V3, became effective on January 31, 2024. "We congratulate Kam Kiu Aluminium Products Group Limited on achieving Certification against ASI CoC Standard V2...
Showcasing some of the aluminium ingot A7 suppliers onboarded by AL Biz
Aluminium and its alloy variations have enjoyed extensive use over numerous decades. However, with the rising demand for exceptionally pure materials in advanced technological products, the exploration of high-purity aluminium has garnered substantial interest recently. Aluminium Ingots A7 represent a premium grade of aluminium highly sought after across industries for its exceptional properties and adaptability. Recognized for its remarkable purity and impressive strength-to-weight ratio, aluminium Ingots A7 is a refined form of this metal that holds immense value in the global market. With a chemical composition boasting a minimum aluminium purity of 99.7 per cent, aluminium A7 features minimal impurities like silicon, iron, copper, and other elements. This result in a top-tier...
NZAS inks an agreement with Meridian Energy to supply 20MW of additional electricity to the grid
New Zealand Aluminium Smelters (NZAS) has agreed with Meridian Energy to provide 20MW of electricity to the national grid if needed over 12 weeks this winter. This pact allows Meridian to inject 20MW back into the system during winter's peak demand periods when the national grid faces its most significant strain. This 20MW offering is in addition to the existing 50MW demand response arrangement already established with Meridian, as highlighted by NZAS. Beginning June 3, 2024, Meridian can request up to 20MW of electricity at any point for a maximum of four trading periods (equivalent to two hours) per day. This arrangement can occur up to 20 trading periods within a fortnight, during which Tiwai will scale back its consumption to fulfil the request. New Zealand Aluminium Smelters...
LME aluminium benchmark price moves up by US$5.5/t to US$2,146/t; SHFE price loses US$4/t
LME aluminium opened at US$2,185 per tonne on Tuesday, with its high and low at US$2,208.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,200 per tonne, up US$18 per tonne or 0.82 per cent. On Tuesday, February 27, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$5 per tonne or 0.23 per cent and US$5.5 per tonne or 0.25 per cent to close at US$2,145 per tonne and US$2,146 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$13 per tonne or 0.59 per cent to settle at US$2,198 per tonne and US$2,198.50 per tonne. December 25 bid price and December 25 offer price added US$11 per tonne or 0.45 per cent to clock at US$2,413 per tonne and US$2,418 per tonne. LME aluminium opening stock came in...
EEG’s 27th #CANDO campaign collects 7,002 kgs of aluminium cans
Emirates Environmental Group (EEG) is thrilled to announce the resounding success of the 27th edition of its annual 'Can Collection Day' held on February 24, 2024. The initiative titled "With a #CANDO Attitude the Future is in our Hands" collected around 7,002 kgs of aluminium cans and a total of 415,028 kgs since its inception. Raising awareness about recycling This national environmental initiative serves to raise awareness about the critical role of recycling in safeguarding the planet. Since its inception in 1997, the Can Collection Campaign has stood as a beacon within EEG's mission to champion sustainability, foster environmental stewardship, and cultivate community involvement. This year's flagship event, the Can Collection Day, witnessed an extraordinary turnout from every segment...
Xinfa Aluminum’s ‘Transit Rail’ initiative gains momentum for greener tomorrow
On February 6, the Jinan Bureau of China Railway took a significant step towards enhancing the efficiency of logistics operations and promoting sustainable development by signing the 2024 railway logistics general contract service agreement with Xinfa Group. Shandong Xinfa Aluminum Co., Ltd. occupies an expansive area of 25,000 square meters, boasting a robust registered capital of RMB 50 million. The company commands total assets worth RMB 380 million and boasts a workforce of 1,400 employees. About the contract This contract signifies a significant stride towards optimizing the logistics supply chain, driving down operational costs, and fortifying Xinfa Group's path towards green, low-carbon, and high-quality development.The agreement, representing the National Railway Group, entails a...
Rossinavi unleashes innovation with five new aluminium yachts
Rossinavi, the esteemed Italian shipyard, recently introduced a new marine brand, Nolimits, signalling a bold move into yacht design. This innovative range comprises five aluminium crossovers specifically designed for transoceanic voyages, pushing the boundaries of traditional yacht construction. About Nolimits Founded by the esteemed Rossi family, renowned for establishing the Rossinavi shipyard in 1980, Nolimits represents a strategic expansion into a distinct market segment. These crossovers, marrying the essence of explorer vessels with the luxury of superyachts, embody Rossinavi's unwavering dedication to pushing the boundaries of innovation. Designed by the acclaimed visionary Fulvio de Simoni, the Nolimits fleet ranges from 30 to 45 meters long. Meticulously crafted entirely in...
China’s A00 aluminium ingot price gains RMB110/t to RMB 18,810/t; Alumina price loses RMB1/t
On Tuesday, February 27, China’s A00 aluminium ingot price ascended by RMB110 per tonne to settle at RMB 18,810 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 per tonne to RMB 10 per tonne. The average prices are expected to stand between RMB 18,790 per tonne and RMB 18,830 per tonne. As per the SMM data, the prices in Gongyi, Hangzhou and Chongqing have expanded by RMB 110 per tonne to peg at RMB 18,720 per tonne and RMB 18,810 per tonne. On the same day, the prices in Wuxi have added RMB 100 per tonne to reside at RMB 18,810 per tonne, followed by a growth of RMB 80 per tonne in Foshan to clock at RMB 18,870 per tonne. The domestic aluminium ingot prices in Shenyang and Linyi have hiked by RMB 60 per tonne to reach RMB 18,810 per tonne. In...
Aluminium stocks at LME warehouses ascended by 8% to 580,275 tonnes
Base metals prices on the London Metal Exchange (LME) generally trended positively for the week ending on February 23, except aluminium, which saw a decline of 1.7 per cent due to increasing stocks. Aluminium stocks at LME warehouses notably rose by over 8 per cent to 580,275 tonnes from 534,925 tonnes. On the LME, three-month aluminium futures decreased to $2,180 per tonne, while nickel prices increased by 6.9 per cent to $17,495 per tonne. Copper prices rose to $8,567 per tonne, marking a 0.9 per cent increase; zinc gained 0.8 per cent to reach $2,405 per tonne, and lead prices saw a 1.5 per cent rise to $2,095 per tonne. In India, there were minor fluctuations in imported and domestic aluminium scrap prices, while prices for P1020 on the primary market declined. Copper and zinc prices...
Cherwell District Council hits milestone: Recycles over one million aluminium coffee pods
In the initial eight months of a new sustainability initiative, Cherwell District Council reported that over one million aluminium or plastic coffee pods have been recycled. Collaborating with the non-profit organization Podback, the council has been collecting used pods from residents for recycling. Since its launch in May 2023, approximately 3,000 households have participated in the scheme. Following collection, the pods undergo transportation to specialized reprocessing plants for recycling. Upon joining the scheme, participants are provided with white or green bags based on their use of aluminium or plastic coffee pods. Councillor Andrew McHugh, portfolio holder for cleaner and greener communities, said, "Waste reduction and recycling are key commitments for the council, but we can...
Eighth entrepreneur meeting and aluminium ingot trade symposium organised in Guangyuan City
On February 20, He Shuping, secretary of the Guangyuan Municipal Party Committee, chaired the eighth meeting of entrepreneurs in Guangyuan City along with the Forum on aluminium ingot trade. During this session, he engaged in direct discussions with entrepreneurs and representatives from banking institutions, actively seeking their insights and suggestions regarding the development of supply chain finance and the expansion of the aluminium ingot trade. About the meeting He emphasized the critical need to thoroughly study and implement the guidance provided by the General Secretary during the visits to Sichuan and Guangzhou. Furthermore, he highlighted the necessity of fully executing the decisions and plans set forth by the Party Central Committee and the provincial Party Committee. The...
Alcoa secures future as top alumina producer with new agreement
On February 25, Alcoa announced a new agreement with Alumina Limited regarding acquiring Alumina Limited, pending the finalization of a scheme implementation agreement. The companies have signed an exclusivity and transaction process deed with Alumina Limited's Board of Directors indicating its intent to recommend the transaction to shareholders. About the agreement In this all-scrip (all-stock) deal, Alumina Limited shareholders are set to receive 0.02854 shares of Alcoa for each share of Alumina Limited they own, as per the "Agreed Ratio." As of Alcoa's closing share price on February 23, 2024, this ratio suggests an equity valuation of approximately $2.2 billion for Alumina Limited. The Board of Directors of Alumina Limited plans to recommend the Agreed Ratio to its shareholders,...
LME aluminium price closes the week with a fall of US$21.5/t; SHFE price slips to US$2,605/t
LME aluminium opened at US$2,202 per tonne last Friday, with its high and low at US$2,213 per tonne and US$2,175 per tonne, respectively, before closing at US$2,184 per tonne, down US$17 per tonne or 0.77 per cent. On Friday, February 23, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$21.5 per tonne or 0.98 per cent to settle at US$2,156.50 per tonne and US$2,157 per tonne. As per the LME data, both the 3-month bid price and the 3-month offer price contracted by US$26.5 per tonne or 1.19 per cent to peg at US$2,196.50 per tonne and US$2,197 per tonne. The LME aluminium price graph revealed that December 25 bid price and December 25 offer price both dipped by US$25 per tonne or 1.02 per cent to stop at US$2,415 per tonne and US$2,420 per tonne....
Molson Coors Beverage teams up with Every Can Counts, promoting aluminium can recycle
Every Can Counts has recently announced an exciting new partnership with one of the UK's leading brewers, Molson Coors Beverage Company. This collaboration marks a significant step for the not-for-profit initiative, which aims to promote the recycling of aluminium drink cans. About the partnership Under this partnership, Molson Coors, renowned for producing popular brands such as Carling, Coors, and Madrí Excepcional, will work closely with Every Can Counts, drink can manufacturers and the wider recycling industry. Together, they will raise awareness about the importance of recycling drink cans, particularly at events and festivals. Molson Coors will be the first brewer to commit to an annual partnership with Every Can Counts in the UK in a groundbreaking move. By doing so, Molson Coors...
Raw material costs propel India's aluminium ADC12 prices upward W-o-W
The spot prices for Aluminium ADC12 alloy ingots used in automobiles rose by INR 2,000 per tonne W-o-W, reaching INR 204,000 per tonne. This surge is primarily linked to the rise in local tense scrap prices. India's prominent automobile manufacturer, which holds significant influence in setting prices within the domestic aluminium alloy ingot market, has revealed its monthly settlement prices for aluminium alloy ingot ADC12 at INR 207,400 per tonne for March 2024. This reflects a monthly increase of INR 7,900 per tonne and signifies the highest level seen in ten months, dating back to May 2023. North Indian market In the North Indian market, a scarcity of raw materials, particularly tense scrap, has caused prices to surge to INR 172,500 per tonne ex-Delhi, excluding GST. Seizing the...
