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THINK ALUMINIUM THINK AL CIRCLE
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. This week, the downstream sector witnessed a lot of ups and downs with a satisfactory note in the end. To begin with, Gränges, the aluminium technology company, is making conscious efforts to improve its sustainability goal and seeks to become climate neutral by 2040. Apart from this, England’s Darren Taylor Holdings acquired the fifty years old Dorset Aluminium, with the former claiming there will be no alteration in the company’s operations. The other news which created significant impact was the news of AMAG attaining the Platinum medal award by EcoVadis. Under the market forefront, on June 21, Hindalco depleted their aluminium rod prices and aluminium billet prices by INR 1,250 per tonne, while, active from June 22 Vedanta’s aluminium rod and billet prices recorded an INR 4,000 per tonne boom.
The aluminium technology company, Gränges which drives toward more sustainable aluminium products and solutions manifested to raise its sustainability ambition and eyes to become climate neutral by 2040. Now as a part of its responsibility, Gränges commits to set science-based targets through the Science-Based Targets initiative (SBTi) and re-commits to the goals of the Paris Agreement.
To know more: https://www.alcircle.com/news/granges-to-raise-its-sustainability-ambition-eyes-2040-for-carbon-neutrality-80743
AlCircle came up with its latest sector focus report 2022, titled "The World of Aluminium Extrusions - An industry analysis with forecasts to 2027," which focuses on the expected production capacity, output and consumption across regions, applications across end-user industries and trade dynamics.
AMAG, a leading Austrian premium provider of the cast and rolled aluminium products, received the Platinum medal after passing an extensive audit by EcoVadis, achieving the highest rating possible, followed by the “Gold Star” certification in 2020.
To know more: https://www.alcircle.com/news/ecovadis-awards-amag-with-the-platinum-medal-for-its-sustainability-efforts-80763
The Dorchester, England-based aluminium products manufacturer that was founded more than 50 years ago, was reported sold out for an undisclosed amount. The aluminium products-making company located on Poundbury Road is acquired by Shaftesbury-based Darren Taylor Holdings. Dorset Aluminium provides in-house manufacturing, metal spinning, and finishing services.
To know more: https://www.alcircle.com/news/darren-taylor-holdings-acquires-five-decade-old-dorset-aluminium-80776
Hindalco Industries Limited revised its aluminium products and aluminium ingot prices this week, which as per the data has drifted lower after back-to-back cuts on June 17 and June 18. As of June 21, Hindalco has slashed its aluminium wire rod price by INR 1,250 per tonne or 0.52 per cent to INR 234,600 per tonne, following a plunge of INR 2,250 per tonne to INR 235,850 per tonne on June18.
Vedanta Limited finally increased its aluminium products and aluminium ingot prices after reducing them ceaselessly since June 11. With effect from Wednesday, June 22, Vedanta’s aluminium billet price has come in at INR 237,500 per tonne, up by INR 4,000 per tonne from INR 233,500 per tonne on May 18.
On Thursday, June 23, China’s aluminium billet inventories nosedived by 7,300 tonnes across three major consumption areas W-o-W to halt at 111,600 tonnes, from 118,900 tonnes a week before. Due to risk aversion following the recent aluminium ingot collateral controversy, certain billets were moved to different warehouses.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventories-plunge-by-7-300-tonnes-w-o-w-to-111-600-tonnes-80789
Australian small satellite developing company and IoT services provider Fleet Space approached Japan-based Konica Minolta to provide additive manufacturing units from 3D Systems, a Carolina-based technology company for the betterment of its onshore manufacturing ability. Konica Minolta 3D printers can manipulate aluminium for the precise design of products.
Etem Gestamp aluminium extrusions and Gestamp Etem Automotive Bulgaria S.A., both of them joined Aluminium Stewardship Initiative (ASI) as its new Industrial Users member. Etem Group and Gestamp Group have been working together to form a joint venture focusing on the extrusion and processing of aluminium profiles for the automobile sector since 2019. With this, both companies are planning to encourage the development of more sustainable aluminium industry in the future.
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