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THINK ALUMINIUM THINK AL CIRCLE
The beginning of 2022 has been quite eventful for the global aluminium downstream industry. A lot of new events, projects, has kept the downstream sector under the spotlight. To begin with, Ehab El Elwany, marketing head and spokesman for Egypt Aluminum (Egyptalum) (EGAL), announced that the business has kept its aluminium providing pricing to companies and merchants constant for January 2022. El Elwany stated that the price of local aluminium, excluding taxes, is between EGP 52,000 and EGP 64,000. This was followed by the news of Jindal Aluminium Limited starting production at the Bhiwadi plant after completing a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets. Also, the news of Hindalco Industries Limited increasing the pricing of its aluminium goods and ingots for the third day in a row, kept the downstream sector of aluminium quite busy among the readers.
Egypt Aluminum’s (Egyptalum) (EGAL) marketing head and spokesperson Ehab El Elwany has reported that the company has kept its supplying prices of aluminum to factories and retailers unchanged for January 2022. The price of local aluminium, excluding taxes, is between EGP 52,000 and EGP 64,000, noted El Elwany.
Jindal Aluminium Limited has completed a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets and begun production at the Bhiwadi facility. Along with the assets of IAIL, its manufacturing plant in Bhiwadi, Rajasthan's industrial sector was also purchased. The site, which is around 70 kilometres from the national capital, provides Jindal Aluminium with strategic access to the northern market and a potential capacity of 14,000 metric tonnes per annum extrusions.
To know more: https://www.alcircle.com/news/jindal-aluminium-acquires-indo-alusys-extrusion-plant-74301
In the south-eastern European nation, Romania, a total of four aluminium component manufacturers for global aerospace organisations like Airbus, Boeing and Bombardier, which are managed by the Swiss group Montana Tech Components AG, is highly depressed, as their energy provider has forced them to accept towards paying of higher power prices in comparison to those documented in the agreements that are bonafide until mid-2022.
Hazelett Strip-Casting Corporation of Colchester has reportedly become a member of the EBNER Group through the acquisition by EBNER. The EBNER Group, which consists of EBNER Industrieofenbau in Leonding, Austria; EBNER Furnaces in Wadsworth, USA; EBNER Industrial Furnaces in Taicang, China; Gautschi Engineering in Ranshofen, Austria; HPI in Ranshofen, Austria; GNA alutech in Montreal, Canada; and EED in Taicang, China, offers a wide range of furnace facilities, upstream and downstream auxiliary equipment, project management and services to the aluminium, steel, and copper base metals sectors.
Hindalco Industries Limited cut its aluminium billets and aluminium wire rod prices, with effect from Saturday, January 1, 2022. That marked a cut for the second time in a row since December 30. Hindalco’s aluminium billets price came in at INR 257,100 per tonne, down by INR 2,500 per tonne or 1 per cent from INR 259,600 per tonne on December 30.
According to China customs data, China exported 114,700 tonnes of aluminium foil in November 2021, which reflected a month-on-month increase of 2 per cent and a year-on-year rise of 13 per cent. Jiangsu, Zhejiang, Shanghai, Henan, Shandong ranked top in November, exporting more than 10,000 tonnes each and accounting for over 10 per cent of the export proportion. The five provinces mentioned above accounted for up to 79 per cent of the total exports.
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from Wednesday, January 5, 2022, following two consecutive cuts on December 30 and January 1. The company’s aluminium wire rod price has come in at INR 255,850 per tonne, up by INR 1,750 per tonne from INR 254,100 per tonne on January 1.
According to the Shanghai Metals Market, aluminium billet inventories in China hikes by 32,900 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 113,200 tonnes, as of Thursday, January 6. On a weekly basis, inventories in the five major markets all increased, with Foshan and Huzhou seeing the largest increases. Inventory in Foshan increased by 14,700 mt, or 38.89%, over the previous week, while inventory in Huzhou increased by 10,000 mt, or 71.43%.
To know more: https://www.alcircle.com/news/aluminium-billet-inventories-in-china-ascends-by-32-900-to-total-at-113-200-tonnes-74310
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices for the third consecutive day, with effect from Friday, January 7. The company has hiked its aluminium wire rod price by INR 3,500 per tonne, bringing it to INR 260,600 per tonne. A day ago (on January 6), the product’s price was INR 257,100 per tonne, seeing a rise of INR 1,250 per tonne.
On 6th January 2022, Croatia decided to declare the 24.30 million euros (182.87 million kunas) investment by Impol-TLM towards the building of an aluminium block casting plant, which is considered as a project of strategic importance, a drive that focuses to gear up the momentum for the execution of the project.
To know more: https://www.alcircle.com/news/impol-tlm-to-invest-24-million-euros-in-building-an-aluminium-block-casting-plant-74305
The executive body of the Eurasian Economic Union responsible for implementing decisions, upholding the EEU treaties and managing the day-to-day business of the Eurasian Economic Union, Eurasian Economic Commission (EEC) comprising Russia and Kazakhstan initiates an extension of its 0% customs duty on the importation of vanadium-aluminium ligature until the end of 2022, commencing 2nd of January 2022.
To know more: https://www.alcircle.com/news/eec-initiates-extension-of-0-customs-duty-on-vanadium-aluminium-ligature-imports-74267
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