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The downstream aluminium segment has been in the news for a number of reasons. To begin with, Sortera Alloys, a Fort Wayne, Indiana-based company that uses patented sorting technology and artificial intelligence (AI) to create aluminium packaging from shredded autos, has received a $10 million investment led by Kirkland, Washington-based Breakthrough Energy Ventures. This was followed by the news of Raffmetal and Cromodora Wheels, a European recycler of aluminium alloys and the first equipment producer of aluminium wheels for major automakers, who have agreed to collaborate on the development, testing, and patenting of a unique high-performance primary alloys wheel from recycling.
The Aluminium Stewardship Initiative has certified Gränges, an aluminium technology company, against the Chain of Custody Standard Certification for casting and rolling operations at its Finspång AB plant in Sweden. The facility earlier achieved full Performance Standard Certification status, which superseded the Provisional Status Certification achieved in February 2021. Gränges Finspång AB plant in Sweden designs and manufactures aluminium rolled strips and sheets destined for the automotive industry, with a current annual production capacity of 100 Kt. The independent, third-party audits of the Gränges Finspång were carried out by DNV Business Assurance Services UK Ltd.
Aluminium has been seeing a volatile trend in the global metals market for the past two months. In mid-October, the LME aluminium prices hit multi-year highs at US$3198/t but then recorded a steep downfall to US$2550/t in early November before stabilizing at around US$2700/t. Going ahead, volatility is likely to continue. Analysts expect demand to drop due to the decrement in global growth, while they also anticipate a tight supply of the metal due to high energy costs. However, the second quarter of FY2021-22 saw strong aluminium demand outside China from sectors like construction and packaging. But demand from the auto sector, the key aluminium consumer, was sluggish as automobile production was slow due to chip shortages. The aviation sector was also in a slowdown.
Elval, ElvalHalcor's Aluminium Rolling Division was certified against the AS9100 standard after meeting all of the standard's requirements and receiving extremely favourable feedback from the assessors. AS9100 is one of the most recent standards developed by the International Aerospace Quality Group (IAQG), which is made up of members from the aerospace sector from all around the world. The AS9100 certification provides Elval access to the aviation and aerospace supply chain, bringing up new opportunities for ElvalHalcor. The standard is aimed at companies who create, produce, or offer aviation, space, and defence goods and services, including parts, components, and assemblies, with the goal of assisting them in meeting their clients' unique needs.
Sortera Alloys, a Fort Wayne, Indiana-based firm that produces aluminium packaging from shredded automobiles using proprietary sorting technology and artificial intelligence (AI), has acquired $10 million in investment headed by Kirkland, Washington-based Breakthrough Energy Ventures. Sortera plans to utilise the funds to expand its operations and hire more people. Chrysalix and the Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) have previously funded Sortera, which is based on a 10-acre site near Fort Wayne. The firm is a spin-off from the ARPA-E METALS (Modern Electro/Thermochemical Advances in Light Metal Systems) programme, and it is directed by a team with advanced materials, electronic instrumentation, and equipment development experience.
To know more: https://www.alcircle.com/news/indiana-based-aluminium-packaging-firm-sortera-alloys-receives-us10-million-funding-73021
On Wednesday, December 1, Aluminium Stewardship Initiative announced that CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. has joined ASI as the new General Supporter member. With this, the total number of members in ASI comes to 203. CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. (hereafter referred to as "QXC") is a completely owned subsidiary of SPIC Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. QXC was founded in August 1999 and has approximately 398 million RMB in assets and 420 employees. QXC now possesses two carbon material production lines with a combined capacity of 40,000 tonnes, making it one of China's largest cathode carbon producers with the most diverse product lines. QXC has consistently adhered to the safety management objectives of "zero injuries, zero accidents, zero pollution," and development led by continually expanding technology and innovation, as a national high-tech and innovative company in the carbon sector, from its inception.
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices on Saturday, November 27, following three consecutive hikes since November 23. The latest cut brought the company’s aluminium wire rod price to INR 240,350 per tonne from INR 249,350 per tonne on November 26. That reflected a downfall of INR 9,000 per tonne. Hindalco’s aluminium billets price stood at INR 239,850 per tonne with effect from November 27, also down by INR 9,000 per tonne from INR 248,850 per tonne. Hindalco’s aluminium ingot selling price came in at INR 229,250 per tonne after being declined from INR 238,250 per tonne on November 26.
Hindalco Industries Limited decreased its aluminium products and aluminium ingot prices, with effect from Wednesday, December 1, following a hike on the previous day. The company reduced its aluminium wire rod price by INR 1,250 per tonne from INR 244,100 per tonne on November 30 to INR 242,850 per tonne on December 1. Hindalco’s aluminium billets price also saw a cut of INR 1,250 per tonne from INR 243,600 per tonne on November 30 to INR 242,350 per tonne on December 1. The company’s aluminium ingot selling price came in at INR 231,750 per tonne after being cut from INR 233,000 per tonne on the previous day.
To know more: https://www.alcircle.com/news/hindalco-industries-limited-cuts-its-aluminium-wire-rod-and-billets-prices-by-inr1250-t-73030
According to the Shanghai Metals Market, aluminium billet inventories in China drops by 7,200 tonnes week-on-week across five major consumption areas. Due to which the inventories stood at 71,700 tonnes as of Thursday, December 2. The greatest contributor to the dropping social inventory was still Foshan, which had its local inventory decline 6,400 tonnes, or 21.05%, during the week. Wuxi and Changzhou had lower stocks, whereas Huzhou and Nanchang had somewhat higher inventories. The losses in weekly social inventory were still caused by decreased aluminium billet arrivals.
According to China Customs data, China’s aluminium foil exports in October 2021 edged 2.95 per cent higher month-on-month to stand at 112,200 tonnes. On a year-on-year calculation, the exports stood up by 7.38 per cent, showed customs data. China’s aluminium foil exports to India accounted for 10 per cent of the country’s total exports in October. India thus became the largest final destination of aluminium foil in the month. The impact of restricted power consumption on local foil exports in Jiangsu and Zhejiang in September did not seem to be drastic. Jiangsu exported as much as 28,900 tonnes in the said month and became the largest aluminium foil exporting province. Zhejiang exported 25,400 tonnes and ranked second. Shandong, Henan, and Shanghai provinces exported more than 10,000 tonnes of aluminium foil individually.
According to the US Geological Survey (USGS), the United States imported 13,000 tonnes of US aluminium crude metals and alloys from Bahrain in September 2021, showing a month-on-month surge of 6,680 tonnes or by 105.69%. In August 2021, 6,320 tonnes of aluminium crude metals and alloys were imported from Bahrain, showing an increase of 4,270 tonnes from 2,050 tonnes in July 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Bahrain in September 2021 escalated by 6,740 tonnes or by 107.66% from 6,260 tonnes.
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (Alba), Shaikh Daij bin Salman bin Daij Al Khalifa, spotlighted that Alba being one of the key pillars in Bahrain’s economy is fully dedicated to validating the Government’s national initiatives, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, comprising the national Economic Recovery Plan, which focuses to develop job opportunities for Bahrainis, boost the contribution of non-oil sectors, as well as create direct and indirect investments for a circular economy for a better future for Bahrain.
To know more: https://www.alcircle.com/news/albas-line-6-expansion-to-be-a-game-changer-for-bahrain-aluminium-downstream-park-73000
Raffmetal and Cromodora Wheels, European aluminium alloys producer from recycling and first equipment aluminium wheels producer for major car makers, have signed a contract to develop, test, and patent an innovative high-performance primary alloys wheels from recycling. By maximising recycled content within the alloy, Cromodora will produce aluminium wheels of primary alloy from recycling, which will allow a 95 per cent reduction in energy consumption and 89 per cent decrease in CO2 emissions. The aim is to offer the market a wide range of alloy wheels in response to the growing demand of automotive manufacturers that strive to reduce emissions during production by utilising materials derived from recycling.
The pioneer in Japan’s chemical industry, Showa Denko K.K. has established neural network models to envisage mechanical properties of 2000-series aluminium alloys from their design conditions with high accuracy in collaboration with the National Institute for Material Science (NIMS) and the University of Tokyo (UTokyo). The developed models can accelerate the process to explore optimal compositions and heat-treatment conditions for aluminium alloys that can maintain strength at high temperatures and shorten development time for aluminium alloys to about half to one-third of that with conventional development method, which used to be not an easy task in the past.
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