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.
AL Biz reveals the top 5 aluminium consumable suppliers of the week
Aluminium, often hailed as the unsung hero of modern materials, holds a pivotal role in shaping our world sustainably. Its lightweight yet robust nature makes it indispensable across various industries, from aerospace to automotive, construction to electronics. Beyond its versatility, aluminium's environmental credentials truly shine. As the third most abundant element in the Earth's crust, its extraction and recycling processes offer a beacon of sustainability. With the ability to be recycled infinitely without loss of quality, aluminium stands as a champion of circular economy principles, significantly reducing energy consumption and greenhouse gas emissions. This metal empowers innovation and progress and embodies a profound commitment to a greener, more responsible future. In the...
Lizhong Group's 2023 net profit soars by 22.35% Y-o-Y, setting new records
In 2023, Lizhong Group achieved significant financial milestones, with total revenue of RMB 2,367.9 million, marking a notable increase of 10.80 per cent over the previous year. The net profit attributable to shareholders of listed companies, excluding equity incentive expenses, stood at RMB 710.45 million, reflecting a robust growth of 15.63 per cent Y-o-Y. Furthermore, the net profit attributable to listed shareholders soared to RMB 602.48 million, a remarkable surge of 22.35 per cent over the same period last year. Several factors propelled the company's impressive performance during the reporting period. The recovery of the downstream automobile industry chain and the continuous surge in demand for new energy and high-end products contributed significantly to Lizhong Group's success....
Hydro’s bauxite & alumina division sparks green revolution with HILT CRC partnership
In a significant move, Hydro's bauxite & alumina business area has partnered with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC). This collaboration aims to harness cutting-edge research expertise and innovative technologies, particularly focusing on reducing emissions within Hydro's alumina production operations in Brazil. The alliance mirrors Hydro's steadfast pledge to reach net-zero emissions by 2050, emphasising its unwavering dedication to sustainability and pioneering solutions. The HILT CRC is a collaborative initiative uniting industry, research, and governmental organisations. Its core mission is to develop and mitigate risks associated with technological solutions for reducing emissions across critical sectors such as iron and steel, alumina,...
China’s A00 aluminium ingot price hikes by RMB140/t to RMB18,870/t; Alumina price loses RMB2/t
On Friday, February 23, China’s A00 aluminium ingot price gained RMB 140 per tonne to settle at RMB 18,870 per tonne, with the average prices between RMB 18,850 per tonne and RMB 18,890 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. The prices have grown in all the provinces, with the highest in Wuxi, which has grown by RMB 150 per tonne to reach RMB 18,870 per tonne. In Gongyi and Hangzhou, the domestic aluminium ingot prices have hiked by RMB 140 per tonne to settle at RMB 18,770 per tonne and RMB 18,870 per tonne. In Foshan, the price has ascended by RMB 130 per tonne to clock at RMB 18,960 per tonne. In Shenyang and Chongqing, the aluminium ingot prices have increased by RMB 110 per tonne and RMB 100 per tonne,...
Lindal Group joins UK Aerosol Recycling Initiative, championing sustainability
Lindal Group, a renowned global leader in designing, manufacturing, and selling specialist valves, actuators, and spray caps used in aerosol products, has joined forces with other prominent UK Aerosol Recycling Initiative members as a crucial funding partner. "Having the backing of Lindal Group will prove pivotal to achieving the UK Aerosol Recycling Initiative's three main ambitions – inspiring change, embracing a sustainable future and driving further progress towards a 50% aerosol recycling rate by 2030. We have big plans for the future and, with the support of our partners, will continue to inspire a national uplift in aluminium packaging recycling rates," said Tom Giddings, executive director of Alupro. The UK Aerosol Recycling Initiative, pioneered by Alupro and launched in 2022,...
ASI enlists GLS Aluminium Industries as the new production and transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of GLS Aluminium Industries Pvt Ltd as the new production and transformation member. GLS Aluminium Industries operates as a subsidiary under the GLS Group, a diversified company with interests spanning flexible packaging, polyester films, and aluminium foils. The company focuses on the manufacturing of aluminium foil tailored for a range of applications. This includes flexible packaging for food and non-food items and usage in pharmaceuticals and industrial sectors. About GLS Aluminium Their manufacturing facility is located near India's National Capital Region and boasts strategic connectivity for efficient service. Equipped with a state-of-the-art manufacturing unit, GLS Aluminium Industries Pvt Ltd has deliberately selected...
Water Almighty's aluminium bottles make a splash in the UK market
The founder of Gunna Drinks, known for their anti-plastic stance, has unveiled a bold new venture with the launch of Water Almighty, the UK's premier aluminium-bottled functional water. This initiative comes hot on the heels of the recent announcement of their state-of-the-art aluminium bottling facility, The Sustainable Bottling Co. With its aluminium-bottled, mineral-enriched waters, this new venture aims not only to quench thirst but also to combat the plastic scourge that clutters our shelves and endangers our planet. As the first of its kind in the UK, Water Almighty stands tall as a beacon of sustainability, offering retailers and consumers alike a refreshing, carbon-neutral, and conscience-clearing choice. About Water Almighty Water Almighty aims to combat plastic bottle waste by...
Evtec Aluminium appoints three new board members amidst Blackboxstocks acquisition talks
Evtec Aluminium, a company currently in discussions for acquisition by Blackboxstocks , has recently welcomed three distinguished professionals to its board of directors. This strategic move coincides with Blackboxstocks' share price rise to $2.51, marking an impressive increase of 310.47 per cent from the previous year. Effective April 1, 2024, the new members will include: Julia Steinbrenner, Co-President of the New York Yankees Foundation and Co-Owner of Steinbrenner Racing Steve Norris, former UK Minister for Transport and an automotive industry veteran Steve Illot, former Chief Investment Officer for BMO Asset Management in North America Upon the merger with Evtec, it is anticipated that Ms Steinbrenner, Mr Norris, and Mr Illot will join the Board of Directors at Blackbox. Evtec...
LME aluminium price rises to a 3-week high on renewed US sanction risks; SHFE price falls by US$27/t
LME aluminium opened at US$2,227 per tonne on Wednesday, with its low and high at US$2,216 per tonne and US$2,269 per tonne respectively before closing at US$2,220.5 per tonne, up 1.23 per cent. On Wednesday, February 21, both LME aluminium cash bid price and LME aluminium official settlement price moved northward. Prices surged amid speculation that a new round of US sanctions against Russia could target metal industries, potentially disrupting supply chains. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$64 per tonne or 2.98 per cent to score at US$2,211 per tonne and US$2,211.50 per tonne. 3-month bid price and 3-month offer price skyrocketed by US$70 per tonne or 3.20 per cent and US$70.5 per tonne or 3.22 per cent to halt...
Atomic13 to commercialise PNNL's revolutionary aluminium recycling technology
Eric Donsky's startup, Atomic13, has recently entered into an exclusive partnership with the U.S. Department of Energy's Pacific Northwest National Laboratory (PNNL). This agreement is centred on commercialising the innovative Shear Assisted Processing and Extrusion Process ( ShAPE™ ) technology, which PNNL has patented. This groundbreaking technology can remarkably convert 100 per cent post-consumer scrap aluminium into top-tier extrusions of exceptional quality. With this collaboration, Atomic13 aims to spearhead the production of a diverse array of custom profiles using the 6061 and 6063 alloys. These profiles are targeted for utilisation in the building and consumer products sectors, promising a sustainable and efficient approach to aluminium extrusion. "The ShAPE technology is an...
Renewable revolution: Rio Tinto inks new PPA for its Gladstone aluminium operations
Rio Tinto, the world's second-largest metals and mining corporation, has recently inked the biggest renewable power purchase agreement (PPA) ever recorded in Australia. The main aim of this PPA is to supply its Gladstone operations in Queensland with electricity sourced from Windlab's upcoming 1.4GW Bungaban wind energy venture. About the new PPA This agreement, following closely on the heels of last month's PPA announcement for the Upper Calliope solar farm in Queensland, signifies Rio Tinto's position as Australia's foremost industrial purchaser of renewable energy. It marks another significant stride in the company's efforts to repower its Gladstone production assets towards renewable sources, including the Boyne aluminium smelter, Yarwun alumina refinery, and Queensland Alumina...
EST-Floattech anchors €4 million investment for maritime electrification
Maritime battery systems developer EST-Floattech has secured a substantial investment of €4 million from the Energy Transition Fund Rotterdam and its existing shareholders, including Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. For the aluminium housing, insulation material, electronic components, and the racks in which the battery cells are installed, EST-Floattech is working with Dutch partners. The investment will allow EST-Floattech to continue to grow nationally and internationally. The company focuses on market leadership in Northwest Europe and is working with battery manufacturer DuraPower to access Asia and Oceania. EST-Floattech also plans to focus on larger vessels in the future. About the investment EST-Floattech specialises in crafting top-tier lithium-ion battery...
China’s A00 aluminium ingot price expands to RMB18,880/t; Low carbon aluminium price gains RMB227/t
On Wednesday, February 21, China’s A00 aluminium ingot price gained RMB 210 per tonne to settle at RMB 18,880 per tonne, with the average prices between RMB 18,860 per tonne and RMB 18,900 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. As per the SMM data, the domestic aluminium ingot prices in Hangzhou and Wuxi have expanded by RMB 210 per tonne and RMB 200 per tonne to settle at RMB 18,880 per tonne. On the same day, the price in Foshan also gained RMB 200 per tonne to peg at RMB 18,990 per tonne. In Chongqing and Gongyi, the A00 aluminium ingot price has ascended by RMB 190 per tonne and RMB 180 per tonne to score at RMB 18,860 per tonne and RMB 18,760 per tonne. In Shenyang and Linyi, the aluminium ingot prices...
Cecilia Daun Wennborg and Mikael Bratt proposed as new board members for Gränges
Cecilia Daun Wennborg, currently serving on the boards of Getinge AB, Loomis AB, and Bravida Holding AB, among others, along with Mikael Bratt, who holds the positions of President, CEO, and board member at Autoliv Inc., have been nominated as prospective members of the Board of Directors. Their election is set to take place during the upcoming Annual General Meeting (AGM) scheduled for May 8, 2024. Concurrently, existing board members Katarina Lindström and Hans Porat will step down as they are not seeking re-election and will vacate their positions following the AGM. About Cecilia Daun Cecilia Daun Wennborg brings extensive expertise from executive roles across diverse sectors, including banking, insurance, and healthcare, spanning over two decades. With a wealth of experience, she has...
Malaysia-based aluminium extruder invests RMB21 million to build a new factory in Kuala Selangor
PA Resources, an aluminium extruder, has announced its acquisition of two industrial lands in Kuala Selangor. The purpose behind this acquisition, totalling RM21 million, is to construct a new factory, thereby expanding its production capacity. Malaysia-based PA Resources is an aluminium extruder engaged in fabrication and related services. According to a filing submitted to Bursa Malaysia on Monday, PA Resources disclosed that its wholly-owned subsidiary, PA Extrusion (M) Sdn Bhd, has finalised two sales and purchase agreements with Niken Steel (M) Sdn Bhd. These agreements entail the acquisition of two vacant leasehold plots spanning a combined area of 72,840 square feet. About the acquisition Notably, the leases for both parcels are set to expire on January 23, 2096. PA Resources has...
China witnessed a substantial uptick in primary aluminium imports in 2023
In 2023, domestic primary aluminium prices continued to surge, driven by a trend of robust internal demand contrasted with relatively weaker external markets. This dynamic opened a window for increased imports of primary aluminium, resulting in a significant uptick in annual import volumes. Moreover, reshaping the global trade dynamics for primary aluminium saw more products flowing into China, with Russia emerging as a critical source country. Consequently, China experienced a substantial uptick in primary aluminium imports in 2023, which mitigated the supply shortages stemming from local production cuts. Concurrently, imports of aluminium alloys also sustained at a scale of one million tonnes. General Administration of Customs data According to data from the General Administration of...
LME aluminium benchmark price falls by US$18/t to US$2,185/t; SHFE price descends to US$2,600/t
LME aluminium opened at $2,218 per tonne on Monday, with its high and low at $2,229.5 per tonne and $2,192 per tonne, respectively, before closing at $2,197.5 per tonne, down 0.92 per cent. On Monday, February 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$17.5 per tonne or 0.79 per cent and US$18 per tonne or 0.81 per cent to settle at US$2,184.50 per tonne and US$2,185 per tonne. As per the LME data, 3-month bid price and 3-month offer price contracted by US$27 per tonne or 1.21 per cent and US$28.5 per tonne or 1.27 per cent to settle at US$2,203 per tonne and US$2,203.50 per tonne. December 25 bid price and December 25 offer price slumped by US$30 per tonne or 1.22 per cent to halt at US$2,422 per tonne and US$2,427 per tonne. LME...
Thinkerbell & Jerome Borazio introduce aluminium canned drinking water
Water Can is an innovative water brand born from the collaborative efforts of the creative agency Thinkerbell and Mr B, the visionary behind Laneway Music Festival. Crafted from 100 per cent purified still or sparkling water, it comes in an aluminium can, eliminating the need for plastic bottles. Embodying its name, Water Can pledges to champion the exclusive benefits only pure water can deliver. “Water Can is a fun step into co-ownership of brands and product design for Thinkerbell, and the team has done a great job in coming up with a water brand that’s pretty interesting,” said Adam Ferrier of Thinkerbell and Water Can. Water Can, the eco-conscious brand, debuted at festivals like Laneways Music Festival, offering its refreshing contents in convenient screw-top cans. Alongside...
