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 drops by US$10/t to US$2,205.5/t; SHFE price dips by US$14/t
LME aluminium opened at US$2,274.5 per tonne on Monday, with high and low at US$2,276 per tonne and US$2,234 per tonne, respectively, before closing at US$2,237 per tonne, a drop of US$35 per tonne or 1.54 per cent. On Monday, January 8, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10 per tonne or 0.45 per cent to halt at US$2,205 per tonne and US$2,205.50 per tonne. As per the London Metal Exchange (LME) data, the 3-month bid price and 3-month offer price fell by US$10 per tonne or 0.44 per cent to settle at US$2,252 per tonne and US$2,253 per tonne. December 25 bid price and December 25 offer price went down by US$2 per tonne or 0.07 per cent to close at US$2,508 per tonne and US$2,513 per tonne. LME aluminium opening stock scored at 569100...
Laifen Wave unveils aluminium electric toothbrush at CES 2024
Laifen, a pioneer in personal care appliances, is thrilled to introduce its revolutionary Laifen Wave Electric Toothbrush at CES 2024. The Wave boasts a handle crafted from durable materials such as aluminium, stainless steel, and ABS plastic. Featuring a cutting-edge servo system developed by Laifen, the Wave sets itself apart by seamlessly combining 60° oscillation and vibration, addressing a persistent challenge many electric toothbrushes face: the balance between powerful cleaning and gentle gum protection. The Wave's distinctive 60° oscillation angle surpasses competitors, offering a remarkable 3x wider coverage. This allows the toothbrush to reach previously inaccessible areas, aligning perfectly with the dentist-recommended Bass brushing technique. The servo system ensures...
Vedanta Aluminium joins IAI, strengthening its commitment towards sustainability
Vedanta Aluminium, a prominent player in the global aluminium industry and India's leading metal producer, has recently joined the International Aluminium Institute (IAI), solidifying its position among the world's largest aluminium producers. As the sole representative of the global primary aluminium sector, the IAI plays a crucial role in shaping industry standards and practices. “We are thrilled to be joining the International Aluminium Institute (IAI) towards strengthening our unwavering commitment to advancing sustainability within the aluminium industry. In this pursuit, we are also focused on leveraging the latest innovations and technology to enhance our operations. As a member, we will collaborate with IAI and other industry leaders to promote and contribute to a more sustainable...
Vietnamese carmaker THACO sets sight on $4.1 billion bauxite complex project
Carmaker Truong Hai Group Corporation (THACO), one of the pioneers in the Vietnamese auto industry, has unveiled plans for a VND103 trillion (US$4.1 billion) circular economy complex dedicated to mining and processing bauxite in Lam Dong Province. Dubbed Lam Dong 2 Aluminum Complex, this innovative initiative will unfold across Bao Lam, Da Huoai, Da Teh districts, and Bao Loc City. Going beyond conventional boundaries, the comprehensive project spans the entire spectrum from bauxite mining and aluminium processing to the restoration of the local environment, cultivation of crops, and the promotion of ecotourism in the region. A significant share, nearly one-third, of the project's substantial capital will be contributed by THACO, with the remaining funding secured through strategic loans....
SMM aluminium ingot price shrinks further by RMB140/t as estimated domestic production grows
On Monday, January 8, China's A00 aluminium ingot price has lost RMB 140 per tonne to settle at RMB 19,160 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to be traded between RMB 19,140 per tonne and RMB 19,180 per tonne. As per the information, the drop was influenced by China's aluminium production in December 2023, which is anticipated to be around 3.6 million tonnes. This reflects a notable 2.1 per cent upswing from the preceding month and a substantial 3.5 per cent growth compared to the same month in the previous year. Projections for 2023 suggest a robust annual production of 41.5 million tons, signifying a significant 3.6 per cent year-on-year expansion. SMM...
Asahi’s self-foaming draft beer in aluminium cans marks its debut in Singapore
Japan-based Asahi Super Dry brewery has unleashed its self-foaming draft beer in cans upon the shores of Singapore. These avant-garde aluminium cans crafted by Asahi boast a distinctive feature that allows beer enthusiasts to tear off the entire top, aiming to replicate the immersive experience of savouring draft beer in a lively pub or bar setting. But the ingenuity doesn't stop there – hidden within the aluminium cans are tiny bumps strategically placed by Asahi Breweries Ltd, working their magic to produce an exuberant head on the beer when the can is opened. This revolutionary beverage made its grand entrance on April 4, 2021, hitting convenience stores, and later on April 20, 2021, gracing supermarkets across Japan, only to fly off the shelves in a blink, leaving satisfied customers...
Downstream weekly recap: SRF Ltd's share price rises 1% following approval of its aluminium foil venture
The downstream aluminium sector has been a witness to major developments this week. To begin with, SRF Ltd committed INR 536 crore towards establishing SRF Altech Limited, a dedicated subsidiary focused on producing aluminium foil. This strategic decision aligns with SRF's broader goals of diversification and expansion within the aluminium industry. According to the December 2023 survey conducted by the Shanghai Metals Market among 123 Chinese aluminium processing enterprises, the composite Purchasing Manager's Index (PMI) for the aluminium processing industry experienced a decline, dropping to 43.6 per cent from the November figure of 47.3 per cent. Constellium, a prominent player in creating innovative and value-added aluminium products, is set to unveil its latest advancements in...
Sustainability weekly recap: Closed Loop Partners backs startup turning scrap aluminium into hydrogen fuel
Closed Loop Partners, headquartered in New York, invested in Found Energy, a Boston-based startup that turns aluminium trash into hydrogen fuel. Found Energy uses a novel method in which scrap aluminium is treated with a catalyst and activated with water, yielding several valued outputs. Shandong Nanshan Aluminium, established in China, is principally concerned with manufacturing and marketing different aluminium products. The company has invested in forming Longkou Nanshan Renewable Resources Co., Ltd. The International Council on Mining and Metals, or ICMM, has produced detailed recommendations to assist mining and metals firms in setting significant short-, medium-, and long-term objectives for reducing Scope 3 emissions. Since 2019, Ball Corporation, a worldwide leader in aluminium...
Xingxian Economic Development Zone inks deal for 150,000 tonnes automotive aluminium profiles project
On December 26th, a momentous signing ceremony occurred between China-based Xingxian Economic Development Zone and Shanghai Xinying Chain Management Co., Ltd., marking the commencement of a transformative project focused on producing 150,000 tonnes of new energy automobile parts and aluminium profiles. The project, boasting a substantial total investment of RMB 400 million, will undergo construction in two distinct phases. The initial phase will witness the establishment of two state-of-the-art aluminium alloy bar casting lines, each with an impressive annual production capacity of 25,000 tonnes. This phase is set to yield a minimum of 10,000 tonnes of automotive components and 14,000 tonnes of high-quality aluminium alloy profiles. In the subsequent phase, an additional two aluminium...
BAB Aluminium joins ASI as the new Industrial User member
Aluminium Stewardship Initiative (ASI) announced the joining of Australia-based BAB Aluminium as the new Industrial User Member. Founded by Brian Blowes, BAB Aluminium stands tall as a quintessential Australian success narrative, boasting an unwavering commitment to its national heritage. The company has flourished over the past four decades, evolving into a prominent manufacturer and supplier of premium aluminium seating and setting solutions. Operating with pride in Australia, BAB serves diverse industries, from educational institutions to expansive sporting arenas. Renowned for its dedication to quality, BAB Aluminium has established itself as a symbol of excellence and earned acclaim for its client-centric approach. By engaging in collaborative consultations, the company consistently...
Chinalco pioneers new mining company in Xiongan with whopping RMB 2 billion capital injection
On December 18th, Aluminum Corporation of China (CHINALCO) disclosed its intention to collaboratively invest RMB 2 billion with its controlling shareholder, Chinalco Group, along with subsidiary entities such as China Copper and Chinalco Capital Holdings. The objective was to establish a new entity called Chinalco Xiongan Mining Co., Ltd. With Qu Bo serving as its legal representative, this recently established company boasts a registered capital of RMB 2 billion. Chinalco Xiongan Mining Co., Ltd. specializes in various activities within the mining sector, including exploration of mineral resources, exploitation in non-coal mines, sales of metal ore, import and export of goods, investment activities using its funds, and project management services. As per shareholder information, the...
Rocal expands its portfolio with strategic acquisition of BDC Aluminium
Rocal, a leading manufacturer of composite doors and specialist PVC-U products has completed the acquisition of BDC Aluminium, a notable player in the fenestration sector. Rocal, the Brigg-based company known for its renowned brands such as Endurance Doors, Impressions Door Panels, and Rocal Extrusions, finalized the deal for an undisclosed amount. Founded in 2008 and headquartered in Witham, Essex, BDC Aluminium fabricates high-quality aluminium windows and doors catering to domestic and commercial markets. This strategic acquisition is poised to significantly augment Rocal Endurance's product portfolio and open new market expansion avenues. Stephen Nadin, managing director at Rocal, said, "We are thrilled to integrate the capabilities and expertise of BDC Aluminium into our existing...
Nanshan Aluminium's renewable resource project gears up for trial run
China-based Shandong Nanshan Aluminium Co., Ltd, primarily involved in the production and distribution of various aluminium products, has made strategic investments in the establishment of Longkou Nanshan Renewable Resources Co., Ltd.As part of the company's commitment to sustainability, some equipment for the 100,000-tonne recycled aluminium-grade protection utilization project has already entered the trial production stage. Nanshan Aluminum made this announcement in response to policies promoting resource conservation, energy efficiency, emission reduction, and environmental protection.This milestone marks a significant step towards realizing the project's goals and reflects Nanshan Aluminium's dedication to upgrading its production capacity structure in alignment with environmentally...
LME aluminium benchmark price contracts by US$20/t to US$2,235.5/t; SHFE price loses US$20/t
LME aluminium opened at US$2,304 per tonne yesterday, with high and low at US$2,316.5 per tonne and US$2,269 per tonne, respectively, before closing at US$2,285 per tonne, a decrease of US$21 per tonne or 0.91 per cent. On Thursday, January 4, aluminium prices experienced a decline as worries regarding raw material supply alleviated, and investor confidence in the likelihood of imminent interest rate cuts diminished. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$20 per tonne or 0.88 per cent to settle at US$2,235 per tonne and US$2,235.50 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price slumped by US$15 per tonne or 0.65 per cent to clock at US$2,286 per tonne and US$2,287 per...
Rising raw material prices propel aluminium ADC12 prices in India to new heights
The spot prices for automobile-grade aluminium ADC12 alloy ingots experienced a rise of INR 5,500 per tonne, reaching INR 189,500 per tonne. This increase can be attributed to the surge in raw material prices, specifically tense prices, which climbed by INR 5,000 per tonne to INR 160,000 per tonne ex-Delhi, excluding GST. Reason behind the price hike Imported scrap prices have gradually risen in recent weeks, owing to limited offers during the Christmas/New Year Holidays. The influence of sufficient future bookings has also played a role, particularly from the Middle East and Africa, causing a notable increase of approximately $60-70 per tonne. The current spread between tense and ADC12 is around INR 30,000 per tonne ex Delhi. Specifically, the prices of imported tense scrap from the UAE,...
Sip in style: Top 10 special edition aluminium cans launched in 2023
The aluminium industry and its unique approaches to commemorate those special occasions have always grabbed the utmost attention. Especially in the aluminium cans sector, which recently showcased many special edition launches featuring unique technologies. These vessels, once mere containers, have evolved into canvases of technological marvels that captivate attention and redefine the boundaries of innovation. Picture this: beverage cans showing photo-realistic images printed on them? Or a technology that can change the colour of the aluminium cans with the changing temperature? The aluminium cans sector has not merely embraced change; it has become a gallery of surprises. Imagine the delight as the temperature-sensitive nature of these cans causes them to change hues in sync with the...
Hungary takes green strides: Unveils new DRS for recycling aluminium cans in collaboration with TOMRA
Recycling is the most important aspect or the need of the hour in the dynamic landscape of the aluminium industry. Many companies are taking up recycling initiatives to move towards a sustainable future, highlighting the importance of the same. Like, Hungary has implemented a new deposit return scheme (DRS) for disposable beverage containers in partnership with TOMRA and central system administrator MOL Hulladékgazdálkodási Zrt. (MOHU). This initiative aims to enhance the efficiency of returning old packaging for recycling. The DRS only takes single-use aluminium cans and glass or plastic bottles for ready-to-drink or concentrated drinks, except milk and milk-based beverages. The size of these must fall between the ranges of 0.1 to 3 litres. "We applaud Hungary's bold steps toward a...
SMM alumina spot price continues to move northward, reaching RMB3257/t; A00 aluminium ingot price loses RMB 130/t
The average alumina spot price in China has been following the growth trajectory since December 18, following the fuel blast deposit in Guinea . The explosion had sparked concern about a potential shortage of bauxite, affecting the alumina production in China. This has raised the buying enthusiasm for alumina for future use, and as a result, the domestic alumina spot price has been on the surge. As per the Shanghai Metals Market (SMM), the price of alumina today, on January 4, has surged by RMB 47 per tonne to settle at RMB 3,257 per tonne. On a Y-o-Y calculation, the price has moved northward by RMB 330 per tonne from RMB 2,927 per tonne recorded on January 4, 2023. The average alumina spot price has hiked by RMB 261 per tonne W-o-W from RMB 2,996 per tonne on December 4. Alumina prices...
