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THINK ALUMINIUM THINK AL CIRCLE
The growing EV market has inspired Gränges to equip its production unit in Newport city, Arkansas with the technologies required to manufacture cathode foils for the lithium-ion battery market. A leading supplier of thin-foil solutions in the US, the company will for the first time produce cathode foils in the country and commercial delivery is expected to begin around 2024. On the other hand, the disrupted supply chain of aluminium due to the Russian-Ukrainian crisis and Covid has plunged the US automobile industries into a standstill. Unable to reach their full capacity the enormous companies and the US now fear recession as shipments of aluminium plates, sheets and bars are continuously being postponed.
Aluminium consumers in the United States deferred new orders over the fear of impending recession that may be caused due to increased inflation and deteriorating supply chains. According to numerous persons who trade the lightweight industrial metal, spot trades have taken a break in recent weeks as Russia's invasion of Ukraine contributed to the market's already high wait times and declining demand. Buyers are continuing to get their contractual metal, but recent economic indicators have caused some to delay acquiring more metal for their shipments.
To know more: https://www.alcircle.com/news/fear-over-impending-recession-causes-us-buyers-to-halt-aluminium-orders-79313
The aluminium technology company Gränges which has been driving the development of lighter, smarter, and more sustainable aluminium products and solutions are reported expanding its Newport, Arkansas, production facility to enable the production of battery cathode foil. In the transition to electric vehicles, such foil is a crucial component necessary for manufacturing lithium-ion batteries. Gränges will be making this foil for the first time in the United States.
To know more: https://www.alcircle.com/news/granges-first-to-invest-in-battery-foil-manufacturing-in-the-us-79325
The Aluminum Association's Common Alloy Aluminum Sheet Trade Enforcement Working Group filed an AD/CVD action in March 2020 against 18 nations that were importing common alloy sheets at less than fair value and benefiting from actionable government subsidies. The US International Trade Commission (USITC) unanimously found that imports from 16 nations had significantly harmed US manufacturers in April of last year, and the Commerce Department issued AD/CVD decisions imposing taxes on imports from those countries.
The aluminium extrusion dies business of Halex Holdings GmbH now belongs to Exco Technologies Limited after the latter paid a heavy cost for accession. The four most essential manufacturing locations, two in Germany and two in the northern industrial region of Italy are steered by Halex Extrusion Dies.
To know more: https://www.alcircle.com/news/exco-technologies-acquires-halex-holdings-aluminium-extrusion-die-division-79343
Alcomet a manufacturer of aluminium products from Bulgaria, after calculating the net profit, announced a steep increment in its first quarter. This year Q1 yielded 5.7 million levs or US$ 3.07 million in comparison to Q1 2021 which only could make 171,000 levs or US$106,300.
The Odisha state government reportedly planned to host a two-day event - Advantage Angul, intending to showcase investment opportunities in downstream and ancillary industries of aluminium and steel sectors in Angul district, Odisha. The government has planned this event after Union Minister R P Singh inaugurated one of the world’s largest and most modern TMT Rebar mills in Angul a few days ago.
The Indonesian aluminium sector regained its growth significantly, following the deceleration caused by the Covid pandemic. The island nation, Indonesia classified as a newly industrialized country exported 60,884 tonnes of aluminium structures during 2019-21, attracting foreign revenue inflow of $194.14 million from the export.
To know more: https://www.alcircle.com/news/indonesian-aluminium-structures-mark-enterprising-export-demand-during-2019-22-79339
Vedanta Limited further reduced its aluminium products and aluminium ingot prices, with effect from May 4, 2022, for the fifth consecutive time since April 23. According to the revised prices, Vedanta is currently selling its aluminium wire rod at INR 263,500-271,000 per tonne after cutting it by INR 10,500 per tonne or 3.8 per cent from INR 274,000-281,500 per tonne on April 30.
China’s domestic aluminium billet inventory was heightened by 22,700 tonnes or 21.45% W-o-W to stop at 128,600 tonnes, as of May 5, 2022. Because of the pandemic's ongoing interruption of consumption, downstream purchasers have become increasingly cautious. However, when aluminium prices fall below 20,000 tonnes, demand may increase. After stockpiles are digested, buyers will refill them, easing inventory pressure.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventory-augments-by-22-700-tonnes-w-o-w-to-128-600-tonnes-79362
Hindalco Industries Limited’s aluminium products and aluminium ingot prices continued to see a plunge on May 5 for the fifth consecutive time since April 21, 2022. As per the latest price list revealed by the company, aluminium billets' price saw a cut of 3.2 per cent or INR 9,000 per tonne to come in at INR 271,850 per tonne. About a week ago, on April 30, Hindalco’s aluminium billets price stood at INR 280,850 per tonne, witnessing a downfall of 0.97 per cent from April 29.
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