The Guangzhou Futures Exchange, China's newest commodities market, saw a decline of 1 per cent on Thursday from China, the world's largest producer of industrial silicon. To focus on "new energy" components like lithium and rare earths, the market was founded in that year. Gränges began construction on an expansion at its Newport factory to increase the manufacturing of aluminium battery cathode foil (BCF). Gränges will now be the first business in the US to support BCF manufacturing thanks to this investment. BCF is a vital part of lithium-ion batteries used to make electric cars. AddUp, a provider of metal additive manufacturing solutions established by the French businesses Michelin and Fives, has unveiled the FormUp 350 Evolution. Based on the architecture of the FormUp 350 New Generation machine, this new model has a larger manufacturing capacity and architecture intended to reduce idle time.
On Monday, December 19, Gränges reportedly broke ground on an expansion at its Newport facility to boost aluminium battery cathode foil (BCF) production. This investment positions Gränges as the first company in the US to fund BCF production. BCF is a crucial component for lithium-ion batteries, which is used in the production of electric vehicles.
China, the world's biggest manufacturer of industrial silicon, recorded a drop of 1 per cent on Thursday in their debut at Guangzhou Futures Exchange, China's newest commodities market. The market was established year to concentrate on "new energy" elements like lithium and rare earths.
BRT Property Holdings LLC took over the aluminium extrusion factory under BR Properties Group LLC on December 1 with an investment of US$3.6 million, as was stated in the reports by the Trumbull County Auditor’s office. The facility functioned for BRT Extrusions Inc., an aluminium extruder that Corbel Capital Partners and Gallamar Group had already acquired in 2021.
The Architectural Aluminium Ltd., a construction company that constructed extensive cladding on many well-known industrial and commercial structures, including Terminal 2 at Dublin Airport, has been appointed joint provisional liquidators by the High Court. The construction company based in Dublin's Western Business Park had gone bankrupt after registering losses of almost €988,000 up to October.
Gränges successfully acquired ASI Performance Standard V2 (2017) and Chain of Custody (CoC) Standard V1 (2017) certifications against its aluminium rolling and sheet facilities across the USA, like in Tennessee, Arkansas, Huntington, Newport and Salisbury, North Carolina, along with the corporate headquarters in Franklin (TN).
On Friday, December 16, Aluminium Stewardship Initiative announced the joining of RP Products Ltd as its new Industrial User member. RP Products is the manufacturing subsidiary of Radii Planet Group Ltd, specializing in designing, producing, and installing architectural glass solutions, certified glazed fire-rated systems, and partitioning that meets the highest standards.
To know more: https://www.alcircle.com/news/asi-enlists-rp-products-ltd-as-its-new-industrial-user-member-88477
Aluminium Stewardship Initiative (ASI) certified China Hongqiao Group’s subsidiary operation Shandong Hongchuang Aluminium Holding Co., Ltd., along with its three wholly-owned subsidiaries, against the Performance Standard V2 (2017) Certification.
Aluminium Stewardship Initiative (ASI) announced on December 21 that Hindalco Industries Limited had joined ASI as its new Production and Transformation member. The Aditya Birla Group's main firm, Hindalco Industries Limited in Renukoot, India, has been striving since 1962 to create better shareholder value by surpassing customer expectations, being profitable, maximising employee potential, and acting as a good corporate citizen.
To know more: https://www.alcircle.com/news/hindalco-renukoot-joins-asi-as-the-new-production-and-transformation-member-88508
According to a report on Thursday, December 22, Brazil has decided to impose countervailing duties on China’s aluminium sheet products, effective from March 31, 2023. The news came after China’s Ministry of Commerce announced it officially.
To know more: https://www.alcircle.com/news/brazil-to-impose-tariffs-on-chinese-aluminium-sheet-products-imports-88511
On December 21, 2022, the leading aluminium extrusion profile manufacturer in China, Xingfa Aluminium Holdings during filing stated that it would acquire a 4 per cent equity interest in a Chinese service provider, Guangdong Province Trading Development, from Guangdong Guangxin Holding Group for RMB27.5 million.
To know more: https://www.alcircle.com/news/xingfa-aluminium-holdings-to-acquire-4-stake-in-guangdong-province-trading-88510
According to China customs data, Chinese aluminium extrusion exports amounted to 82,200 tonnes in November 2022, up by 8,100 tonnes or 10.9 per cent month-on-month but down by 6.7 per cent year-on-year. Gunagdong province accounted for 51.2 per cent of the total exports, followed by Shandong at 12 per cent, and Hunan at 3.9 per cent.
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