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THINK ALUMINIUM THINK AL CIRCLE
Downstream is one of the most crucial sectors in the aluminium business since the items produced here are sourced by commercial manufacturers and any discrepancy in this particular field might create an imbalance in the entire aluminium chain. The President of the Aluminium Association of Germany, Hinrich Mählmann, notified that the gas supply crisis in Germany might push the aluminium industry into adopting emergency plans to continue energy-intensive processes inside their facilities. Many aluminium units will be on the verge of extinction if the crisis is not handled soon. On the other side, the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) will release its final report not before the fourth quarter of 2022 for six nations under United States tariff, including China, Russia and India, regarding the duty spike of some aluminium and steel products. Italy witnessed a descending revenue generation from 2019 to 2021 in the export of aluminium structures, with earnings starting to escalate in 2022 again.
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On 1st July 2022, the President of Aluminium Deutschland e. V. (Aluminium Association of Germany), Hinrich Mählmann said, “Preparation for the worst-case scenario consists of companies drawing up emergency plans.” The aluminium industry is a highly energy-intensive sector and the German aluminium industry is getting ready for the extreme situation in the aspect of the uncertainty in the gas supply.
To know more: https://www.alcircle.com/news/gas-crisis-german-aluminium-industry-prepares-for-the-worst-draws-up-contingency-plans-80895
Australia-based AML3D bagged a purchase order worth US$140,000 to develop and manufacture 3D-printed aluminium components from the Boeing Company in St. Louis, Missouri. The former will provide Boeing with essential high-strength aluminium components and structural items usually installed as ‘fly’ components.
To know more: https://www.alcircle.com/news/boeing-signs-140-000-purchase-order-with-aml3d-for-3d-printed-aluminium-components-80896
The World Trade Organization (WTO) impeded its dispute panel’s decree on the United States tariff with six nations including Russia, India and China against higher duties on some aluminium and steel products to the second half of 2022 adducing “complexity of the issue”. A Geneva-based official stated, “Due to the complexity of the dispute, the Panel now expects to issue its final report to the parties no earlier than the last quarter of 2022.”
To know more: https://www.alcircle.com/news/wto-withholds-decree-on-us-aluminium-and-steel-tariff-dispute-with-six-nations-80898
Jindal Aluminium reportedly launched a new logo and brand identity, which reflects the journey of its transformation and growth story for over 50 years. The new logo design has a legacy ring and a glyph that sports the company name.
To know more: https://www.alcircle.com/news/jindal-aluminium-narrates-its-50-years-of-success-through-new-logo-design-80907
AkzoNobel, a Dutch multinational company specialising in making paints and performance coatings for both industry and consumers worldwide, reportedly reached an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. This will enable the former to supply a comprehensive liquid and powder aluminium wheel coating to customers.
To know more: https://www.alcircle.com/news/akzonobel-signs-deal-to-take-over-lankwitzers-aluminium-liquid-wheel-coating-business-80913
Situated in Germany, GROB Systems launched its latest GMP300 Additive Manufacturing machine that uses Liquid Metal Printing (LMP) technology in a 300 x 300 x 300 mm in-built compartment to forge aluminium parts. The GMP300 requires aluminium alloy wires as a raw material since it is a powder-free machine which has been designed to safely create additively manufactured metal products having a net-like texture.
The European Commission on Friday, July 8, announced that it will not extend the nine-month suspension of the stiff anti-dumping tariffs on Chinese flat-rolled aluminium exports. European Aluminium, the organization that represents the European aluminium value chain, applauds the decision and urges Europe to pursue strategic autonomy for aluminium.
In 2020, Italy ranked as the 4th largest exporter of aluminium structures in the world and during the same year, it was the 151st most exported product of the country. Since Italy relies heavily on Russian gas imports, it is one of the most vulnerable non-eastern countries in the Eurozone to the war in Ukraine.
Vedanta Limited increased its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, July 5. The company expanded its aluminium wire rod price by INR 3,000 per tonne to INR 231,000- 238,500 per tonne versus INR 228,000- 235,500 per tonne on July 1.
On Thursday, July 7, aluminium billet inventories in China declined by 4,700 tonnes W-o-W across four major consumption areas. The fall in aluminium prices and the increase in COVID-19 infections made downstream buyers more willing to spend on aluminium.
To know more: https://www.alcircle.com/news/aluminium-billet-inventories-in-china-shrink-by-4-700-tonnes-w-o-w-to-101-700-tonnes-80922
According to the Shanghai Metals Market, the average operating rate at China’s major aluminium processing enterprises slipped by 0.2 percentage points this week ending on July 8, to stand at 66.5 per cent. The average operating rate at large wire and cable companies has increased by 1.4 percentage points to 58.4 per cent.
Hydro is reportedly investing NOK 300 million (EUR 29 million) in a new 12-inch, state-of-the-art extrusion press at its Tønder plant in Denmark to boost production capacity and capability to make extrusions with large cross-sections for automotive Tier-1 suppliers and automotive OEMs.
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