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.
India witnesses an upward shift in imported aluminium scrap prices post-holidays
The Indian market for aluminium scrap has seen a notable price increase, attributed mainly to a surge in futures contracts on the London Metal Exchange (LME) after the Christmas and New Year holidays. Despite a rise in transaction volume, particularly from the western region, many sellers remain inactive as market participants are still returning from their holidays. As per Steel Mint's analysis, the reduced activity from Western countries has prompted customers to show a growing preference for Middle Eastern cargoes. This shift in preference has resulted in the conclusion of deals originating from the Middle East. Scrap prices in the Middle East Steel Mint's recent assessment for scrap in the Middle East indicates a tension-driven increase, reaching US$1,670 per tonne, with a...
Closed Loop Partners fuels innovation: Invests in start-up transforming scrap aluminium into hydrogen fuel
New York based Closed Loop Partners invested in Found Energy, a company located in Boston that converts aluminium scrap into hydrogen fuel. Found Energy employs a unique process wherein scrap aluminium is treated with a catalyst, activated with water, which yields multiple valuable outputs. These include energy in the form of hydrogen and steam and alumina trihydrate, a raw material crucial for aluminium production. Danielle Joseph, Managing Director and Head of the Closed Loop Ventures Group at Closed Loop Partners expressed in an email to Resource Recycling that the company's strong team drove the investment, robust business model, and the inherent circularity integrated into its operations. This strategic investment aligns with Closed Loop Partners' commitment to supporting...
GACL and Vedanta Aluminium sign MOU to explore synergies in caustic chlorine and other sectors
Gujarat Alkalies and Chemicals Ltd (GACL) have recently entered into a Memorandum of Understanding (MoU) with Vedanta Aluminium to explore potential business opportunities within the caustic chlorine and related sectors. The primary objective of this MoU is to leverage the complementary skills, strengths, and shared business interests of both companies to achieve synergies and enhance overall business value. The agreement aims to facilitate a collaborative approach between GACL and Vedanta Aluminium, recognizing the mutual benefits that can arise from combining their resources. Both companies are keen to delve deeper into exploring various cooperative possibilities. The focus is on detailed examination and assessment of potential avenues for collaboration, with the ultimate goal of...
LME aluminium price moves up to US$2,336.5/t; SHFE price loses US$21/t
LME aluminium opened at US$2,388.5 per tonne yesterday, with its high and low at US$2,398 per tonne and US$2,316.5 per tonne, respectively, before closing at US$2,325.5 per tonne, a decrease of US$62 per tonne or 2.6 per cent. On Tuesday, January 2, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$1.5 per tonne or 0.06 per cent and US$1 per tonne or 0.04 per cent to clock at US$2,336 per tonne and US$2,336.50 per tonne. LME aluminium 3-month bid price and LME aluminium 3-month offer price fell by US$3 per tonne or 0.12 per cent to clock at US$2,378 per tonne and US$2,379 per tonne. December 25 bid price and December 25 offer price, on the other hand, surged by US$108 per tonne or 4.32 per cent to peg at US$2,603 per tonne and US$2,608 per tonne....
Yunnan Qiya bags the environmental and quality system certification from China Classification Society
Yunnan Qiya Metal Co., Ltd., a Sichuan Qiya Aluminium Industry Group subsidiary, recently received environmental and quality system certification from the China Classification Society. With the issue of these two certifications, Yunnan Qiya goods now enjoy a "green pass" in international trading. At the same time, it signifies that Yunnan Qiya has made a significant step towards standardised and improved quality and environmental management objectives, which is critical for boosting the Company's high-quality growth. The firm will then use this chance to execute quality and environmental system requirements rigorously, further optimise the production environment, improve product quality, and empower the Company to increase brand impact and market competitiveness. Sichuan Qiya Aluminium...
Hebei Yunai New Material Technology strengthens its market presence by joining AL Biz
Hebei Yunai New Material Technology Co., Ltd. specializes in graphite production, research, development, and sales. With eight advanced production lines boasting an annual capacity of 200,000 tons and well-equipped testing rooms for product content evaluation, the company is committed to stringent quality standards, holding SGS certification and securing utility model patents from the State Intellectual Property Office. AL Biz is thrilled to introduce the addition of Hebei Yunai New Material Technology to its online platform. This latest inclusion enhances our platform's offerings, featuring a diverse array of over 1800+ verified aluminium sellers worldwide. To learn more about the products offered by Hebei Yunai, click here . The core range of graphite products offered by the company...
Egoras launches gas powered tricycle composed of aluminium and carbon fibre
Egoras Technology, a firm specialising in sustainable transportation solutions, has recently introduced the Egoras Dual-Fuel Tricycle, a gas-powered vehicle. The tricycle is made of high-quality components such as aluminium, steel, and carbon fibre, ensuring endurance and dependability in various terrains. Aluminium has dominated the transportation sector as its primary end-use market for numerous years. Its lightweight properties have rendered it indispensable in manufacturing a wide array of vehicles, including cars, buses, railway coaches, trucks, ships, ferries, aircraft, and bicycles. The metal's significance lies in enhancing speed and fuel efficiency and contributing to cleaner and sustainable modes of transportation, owing to its 100% recyclable nature. The Chief Executive...
LME aluminium benchmark price gains US$22/t to US$2,335.50/t; SHFE market is closed for New Year
On Friday, December 29, both LME aluminium cash bid price and LME aluminium official settlement price gained US$21.5 per tonne or 0.92 per cent and US$22 per tonne or 0.95 per cent to settle at US$2,334.50 per tonne and US$2,335.50 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price hiked by US$15 per tonne or 0.63 per cent to reside at US$2,381 per tonne and US$2,382 per tonne. December 24 bid price and December 24 offer price expanded by US$15 per tonne or 0.60 per cent to peg at US$2,495 per tonne and US$2,500 per tonne. LME aluminium opening stock came in at 549050 tonnes. Live warrants and Cancelled warrants halted at 356125 tonnes and 192925 tonnes. LME aluminium 3-month Asian Reference Price dipped by US$2.17 per tonne to reach...
Downstream recap: Jiangsu Minglida expands operations with its state-of-the-art aluminium die-casting project in Hai'an County
The Jiangsu Hai'an High-tech Industrial Development Zone Management Committee inked an investment agreement with Jiangsu Minglida and the People's Government of Hai'an County to construct a new aluminium alloy precision die casting project. The statement was made on December 15 during the 14th meeting of the second Board of Directors. On December 8, Zhejiang Wanfeng Auto Wheel (ZCW), a China-based firm primarily producing and distributing aluminium alloy wheels for vehicles and motorbikes finished the piling construction of its long-awaited automotive calliper project. Despite experiencing a deficit in the previous fiscal year, the share price of BD Thai Aluminium, a publicly traded firm in Bangladesh, increased by 82 per cent in a month. The company's income fell by 20 per cent yearly to...
End user recap: Austal secures massive $1.3 billion deal with U.S. navy for medical ship construction
Austal, the famous shipbuilder financed by the Forrest family, is said to have landed a coveted contract worth about $1.3 billion for designing and building three medical boats solely for the US Navy. This recent transaction adds to the Perth-based company's already enormous order book of $11 billion. According to a South China Morning Post story, Chinese automobile manufacturers are gaining popularity on the streets of South Africa's main cities, threatening the market's traditional dominance of Japanese and European-made vehicles. Thai Yazaki Electric Wire, a subsidiary of the Japanese conglomerate Yazaki, is planning to build a new facility specialising in producing aluminium electric wires. This project is motivated by the expectation of increased demand for the country's power...
Technical experts from EGA and Inalum visit the Qujing production base in Yunnan
Abdulaziz Sarhan, the Technical Manager of Emirates Global Aluminum (EGA) and Al Jufri, Vice President of the Business Development Department at Indonesia Asahan Aluminium (Inalum), recently led a delegation of technical experts to visit the Qujing production base in Yunnan, China, for a collaborative exchange of technical insights. Liu Rui, the Vice President of Sotong Development, and Wang Dong, the General Manager of Sotong Cloud Aluminium, were present throughout the debate. During the symposium, Abdulaziz Sarhan and Al Jufri voiced their approval and admiration for the advanced pre-baked anode manufacturing technology and process level produced by Sutong. Simultaneously, they conducted thorough deliberations on establishing pre-baked anode facilities, digitalized management, and...
Shares of Lizhong Sitong soar by 3.9% on heels of lucrative US$118 million aluminium alloy wheels deal
Lizhong Sitong Light Alloys Group experienced a surge in its stock value following the announcement of a substantial order worth approximately RMB 840 million (US$ 118 million) from a leading Chinese supplier of aluminium alloy materials and wheels. The order, received for high-end electric vehicle parts, propelled Lizhong's shares to close 3.9 per cent higher at RMB 21.12 (US$2.99) per share in Shenzhen as of today, with an earlier peak increase of 6.4 per cent. The broader Shenzhen market also saw a positive trend, gaining 1.1 per cent. The Baoding-based company disclosed that the order is for aluminium alloy wheels and anticipates the project to commence mass production in the first half of 2025, with an expected life cycle of five years. Further specifics, including delivery time,...
Sipping sustainably: Basalt Distillery launches aluminium refillable bottles
Basalt Distillery, a forerunner in the gin sector, has announced the release of its unique eco-refills, marking a key milestone in the company's continued dedication to sustainability. These beautiful aluminium bottles, created to go with its distinctive glass bottle inspired by the Giant's Causeway, are meant to be delivered right to the door and used to replenish a glass gin bottle at home. The distillery's commitment to have a beneficial effect on the environment is evident in this innovative approach. Basalt Distillery's decision to opt for aluminium in these eco-refills was a meticulously thought-out choice. Aluminium, recognized as the most abundant metal on earth, is widely acknowledged as one of the most extensively recycled packaging materials today. With an impressive 76.2 per...
Chinalco Institute of Materials surpasses milestone with dual standards approval from National Non-ferrous Metals Committee
Chinalco Institute of Materials recently achieved a significant milestone with the approval of two standards by the National Non-ferrous Metals Standardization Technical Committee. These standards, led by the institute, focus on testing residual stress in thick and thin aluminium and aluminium alloy plates. This accomplishment underscores the establishment of industrialised testing and evaluation technology in aviation materials by the Chinalco Institute of Materials. The approved standards will play a crucial role in regulating and controlling the processing deformation stability of aluminium alloys in the industry, particularly in aluminium processing. This advancement is expected to enhance the quality stability control of aviation aluminium alloy products. Chinalco Materials...
FrieslandCampina and MoCCAE launch aluminium cans recycling initiative in the UAE
In collaboration with the UAE Ministry of Climate Change and Environment (MoCCAE), FrieslandCampina, a leading global dairy cooperative and the proprietor of the Rainbow brand in the Middle East, is launching an extensive waste management and recycling initiative in the UAE. In this ground-breaking endeavour, FrieslandCampina is dedicated to fostering a recycling culture for aluminium single-use plastic and other materials like tin. The initiative not only envisions environmental sustainability but also strives for ongoing interaction with students in the UAE through dynamic workshops and masterclasses. Partnering with Emirates Steel, Rainbow is committed to promoting the reuse of tin cans by implementing a meticulous treatment process. This innovative collaboration ensures that these...
Average alumina spot price in China heightens by RMB47/t to RMB3,119/t; Low carbon aluminium price declines by RMB46/t
On Friday, December 29, the average alumina spot price in China heightened by RMB 47 per tonne to settle at RMB 3,119 per tonne. The alumina prices have been rising recently due to Guinea's fuel depot blast. As per the Shanghai Metals Market (SMM) data, the prices have grown significantly in all the provinces. To begin with, the prices in Shanxi and Henan have surged by RMB 55 per tonne and RMB 50 per tonne to settle at RMB 3,165 per tonne and RMB 3,130 per tonne. In Guizhou, the average alumina spot price has expanded by RMB 45 per tonne to peg at RMB 3,110 per tonne, followed by a rise of RMB 35 per tonne in Guizhou and Shandong to halt at RMB 3,090 per tonne and RMB 3,050 per tonne. On the same day, the A00 aluminium ingot price showed no change to clock at RMB 19,570 per tonne, with...
Zhejiang Wanfeng Auto Wheel breaks ground on its aluminium alloy automotive calliper project
Zhejiang Wanfeng Auto Wheel (ZCW), the China-based company mainly engaged in the manufacturing and distributing of aluminium alloy wheels for automobiles and motorcycles, completed the piling construction of its much-awaited automobile calliper project on December 8. The project is expected to produce 500,000 sets of aluminium alloy fixed callipers. The ambitious fundraising initiative is projected to span two years, necessitating a total investment of 165 million yuan. The project entails an expansion of 106 mu and boasts a substantial total construction area exceeding 65,000 square meters. Specifically, the Phase I No.2 workshop will cover 30,408 square meters, while the Phase II No.1 workshop will occupy 33,366 square meters. Aligned with a strategic vision, the company is committed to...
Guizhou province aims to facilitate energy-saving aluminium electrolysis technology in key enterprises
The Department of Ecology and Environment of Guizhou Province released the Implementation Plan for the Collaborative Efficiency of Pollution Reduction and Carbon Reduction in Guizhou Province on December 18. The plan aims to facilitate innovation in high-efficiency and energy-saving aluminium electrolysis technology in key enterprises. It seeks to promote energy-saving technologies such as new cathode structure aluminium electricity technology, waste heat recovery, and advanced aluminium processing technology. The plan also emphasises the importance of technological transformation, improving technical equipment, and effectively reducing energy consumption per unit product. Engage in the active development of high-purity aluminium materials to enhance the value of goods and decrease the...
