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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. To begin with, for the week, the Vietnam Ministry of Commerce announced the results of the second examination of anti-dumping measures imposed on certain Chinese aluminium imports. While in Europe, AMAG, the leading Austrian premium provider of the high-quality cast and rolled aluminium products, received recognition from the Vienna Stock Exchange Prize jury for the fifth time.
The second evaluation of anti-dumping measures imposed on selected Chinese aluminium goods has been announced by the Ministry of Industry and Trade (MoIT). As a result, the anti-dumping duties on items with the codes 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10, and 7604.29.90 will be reviewed.
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The leading Austrian premium supplier of high-quality cast and rolled aluminium products, AMAG, has been dedicated to transparent and full-scale reporting on the company's economic, environmental and social issues.
To know more: https://www.alcircle.com/news/amag-receives-recognition-from-vienna-stock-exchange-prize-jury-for-the-fifth-time-80707
The European leader in the manufacture and sale of aluminium rolled products, Aluminium Duffel (The Belgian rolling mill in Duffel near Antwerp) will pursue to functionalize under the ownership of American Industrial Partners (AIP) from 14th June 2022.
To know more: https://www.alcircle.com/news/american-industrial-partners-aip-acquires-aluminium-duffel-80692
Egypt Aluminum Company, more popularly known as Egyptalum, the largest aluminium producer in Egypt and one of the largest in Africa, is contemplating revamping its current plant in a bid to enhance the production efficiency of equipment and maintain the output capacity at 320,000 tonnes per annum.
Capral Aluminium, one of Australia’s leading providers of aluminium products and associated services, joined the Aluminium Stewardship Initiative, aiming at achieving ASI Performance Standard and Chain of Custody Standard certifications for its operations by mid-2024.
On Thursday, June 16, China’s aluminium billet inventories nosedived by 21,100 tonnes to settle at 118,900 tonnes W-o-W across five major consumption areas. On the other hand, the social inventory was dragged down by strong replenishing demand with lowering aluminium prices.
To know more: https://www.alcircle.com/news/aluminium-billet-inventories-in-china-nosedive-by-21-100-tonnes-w-o-w-to-118-900-tonnes-80720
According to the Shanghai Metals Market, the average operating rate of secondary aluminium alloy producers saw a 1.96 percentage point of M-o-M hike to stand at 45.89 per cent in May 2022. But on a yearly basis, the operating rate faced a downfall of 13.67 percentage points.
Vedanta Limited reduced its aluminium products and aluminium ingot prices, from Friday, June 17, marking the third consecutive fall in prices since June 11. The company’s aluminium billet price has seen a deduction of INR 7,750 per tonne or 3.18 per cent to INR 235,750 per tonne as of June 17.
According to the Shanghai Metals Market, the average operating rates of aluminium billet producers using aluminium liquid grew by 0.2 percentage points month-on-month to 71.2 per cent in May 2022. In east China (mainly Shandong), north-west and south-west, aluminium billet operating rates exceeded 70 per cent.
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