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THINK ALUMINIUM THINK AL CIRCLE
Due to the unique features of aluminium, like lightweight, recyclable, corrosion resistance, and high strength, the metal is considered one of the top choices for the manufacturing industry professionals. In addition to this, aluminium is a metal which is constantly under the experimental radar. Like, researchers at Nizhny Novgorod's Lobachevsky University created aluminium alloys with high plasticity demands that might be used to create electrical and engineering equipment. On the other hand, the news of Alcoa idling one of its three potlines at Warrick aluminium owing to operational issues gathered much attention. Vedanta Limited formally announced on July 7, that it would pay INR 564.67 crore to purchase a 100% share in the heavily indebted Athena Chhattisgarh Power Limited. Under the market segment, the benchmark LME aluminium price fluctuated this week before falling on Friday, July 8. On Monday, July 4, the official settlement price for LME aluminium and the cash bid price for LME aluminium opened at US$2,431 per tonne and US$2,431.50 per tonne, respectively.
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On Thursday, July 7, Vedanta Limited had officially announced that it would acquire a 100 per cent stake in debt-ridden Athena Chhattisgarh Power Limited for INR 564.67 crore. The mode of payment is most likely to be cash, and the transaction is expected to complete in FY2022-23.
To know more: https://www.alcircle.com/news/vedantas-aluminium-business-to-reap-benefits-from-its-investment-in-athena-power-plant-80936
The Alcoa-owned Portland Aluminium smelter, Australia's second-largest aluminium producer, is in talks with Aloft Holdings, a Dutch company run by an Australian investment banker. According to our report, people familiar with the situation stated, that Aloft Holdings which was floated in November 2021 to buy and run aluminium assets globally, has done the assessment of the Portland aluminium smelter and has been in dialogue with American Industrial Corporation, Alcoa’s Australian assets for months in regards to a potential deal.
To know more: https://www.alcircle.com/news/aloft-holdings-may-acquire-alcoas-portland-aluminium-smelter-in-australia-80934
Scientists at Nizhny Novgorod-based Lobachevsky University developed aluminium alloys with high plasticity requirements that may be utilised to make equipment and electrical engineering. Aluminium alloys have the highest degree of hardness possible due to the existence of ultrafine grains, yet when heated, these alloys may expand several times their original size and become superplastic.
To know more: https://www.alcircle.com/news/scientists-at-lobachevsky-university-develop-aluminium-alloys-with-high-plasticity-80930
On June 6, the largest industrial organisation in the UAE, excluding oil and gas, Emirates Global Aluminium (EGA) declared their plan of mounting highly-automated, multi-functional overhead cranes in Jebel Ali in a journey to own fully automated cranes utilised in reduction cell tending.
To know more: https://www.alcircle.com/news/ega-moves-toward-total-automation-by-replacing-existing-cranes-in-jebel-ali-80910
Altech Chemicals successfully enrolled the Dresden-based German research institution, Fraunhofer Institute for Ceramic Technologies and Systems (IKTS), as a strategic guide to accelerating the testing and qualification process for the company’s patent Silumina Anodes™.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, bagged six significant National Safety Council (NSC) USA awards for 2021. Alba is recognized as one of the top industrial companies in the world with high standards in Environment, Social, and Governance (ESG).
To know more: https://www.alcircle.com/news/national-safety-council-recognizes-alba-with-six-major-international-awards-80899
The Chief Development Officer of South32, Simon Collins stated at the virtual session of this year’s Prospectors & Developers Association of Canada, that the company encountered a significant change in the past year and has evolved considerably since its formation in 2015, reshaping the company's portfolio to focus on metals critical to a low-carbon future mandate the company to diversify its product portfolio.
To know more: https://www.alcircle.com/news/diversified-metal-producer-south32-reshaping-its-portfolio-to-focus-on-a-low-carbon-future-80890
Century Aluminum’s three-year power contract with Santee Cooper signed in 2021 is believed to have been shielding the company’s Mount Holly smelter near Goose Creek from rising energy costs. It is helping Chicago-based Century Aluminum combat the second biggest expense after payroll - the escalating costs of electricity.
On 1st July 2022, the Pittsburgh-headquartered American Industrial Corporation Alcoa, announced that it was curtailing one of three potlines immediately due to operational challenges at Warrick aluminium smelter.
To know more: https://www.alcircle.com/news/alcoa-idles-one-of-the-three-potlines-at-warrick-aluminium-smelter-in-indiana-80882
Keerti Kappagantula, Pacific Northwest National Laboratory (PNNL) materials scientist and his team are working to improve aluminium’s conductivity so that it can compete with copper inexpensively. Keerti stated that this study was initiated as a result of his team's realisation that the demand for copper is surpassing its existing supply, particularly as the EV revolution gains traction.
To know more: https://www.alcircle.com/news/scientists-at-pnnl-working-to-improve-aluminiums-conductivity-80883
Indian aluminium giants like Hindalco and Vedanta had shown interest in joining hands with Coal India Limited as equity partners for the proposed integrated greenfield aluminium project in Odisha. The news was announced on Wednesday, July 6, after two officials aware of the matter reported, stating that several other companies in West Asia have also responded to CIL’s interest (EoI) for equity partners invitation in the greenfield project.
To know more: https://www.alcircle.com/news/hindalco-and-vedanta-wish-to-join-cils-greenfield-aluminium-project-as-equity-partners-80903
Fully owned and operated by South32, South Africa-based Hillside Aluminium collaborated with Solana Energy to provide entry of renewable energy to one of the country’s most crucial commercial hubs.
To know more: https://www.alcircle.com/news/hillside-aluminium-partners-with-solana-energy-to-develop-regional-solar-infrastructure-80915
The benchmark LME aluminium price fluctuated this week before falling on Friday, July 8. On Monday, July 4, the official settlement price for LME aluminium and the cash bid price for LME aluminium opened at US$2,431 per tonne and US$2,431.50 per tonne, respectively. The prices dropped by US$59 per tonne and US$57.50 per tonne the next day, July 5, to reach US$2,372 per tonne and US$2,374 per tonne, respectively.
A00 aluminium ingot price in China escalated by RMB 230 per tonne on July 8, to close at RMB 18,460 per tonne, found the Shanghai Metals Market. The average prices were estimated to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at a discount price of 50 and 10 per tonne.
Hindalco Industries Limited revised its aluminium products and aluminium ingot prices this week, which, as per the data, trended up after witnessing a cut on July 6. With effect from July 8, Hindalco scaled up its aluminium wire rod price by INR 3,750 per tonne or 1.69 per cent to INR 233,850 per tonne, after recording a decline of INR 4,750 per tonne on July 6 to INR 230,100 per tonne.
To know more: https://www.alcircle.com/news/hindalcos-aluminium-wire-rod-price-uptrends-by-1-69-to-inr233-850-t-w-e-f-july-8-80933
Vedanta Limited escalated its aluminium ingot and aluminium products prices with effect from Friday, July 8, following two consecutive days of cut on July 6 & 7. As per the price chart revealed, Vedanta hiked its aluminium ingot price by INR 4,250 per tonne or 1.97 per cent to INR 220,500-252,000 per tonne on July 8.
According to the Shanghai Metals Market, social inventories of primary aluminium decreased by 11,000 tonnes week-on-week across China's eight major consumption areas, following a restraint over the weekend on Monday, July 4. As per the SMM data, inventories as of July 7 came in at 723,000 tonnes versus 734,000 tonnes on June 30.
On 4th July 2022, the largest aluminium producer of India, Vedanta reported a 3 per cent upswing in its aluminium production to 565,000 tonnes in the April-June quarter of FY22-23. Anil Agarwal-led Vedanta Ltd runs its aluminium operations in the states of Odisha and Chhattisgarh and had produced 549,000 tonnes of aluminium in the corresponding quarter of the previous financial year.
To know more: https://www.alcircle.com/news/indias-largest-aluminium-producer-vedanta-reports-3-production-leap-in-apr-jun-quarter-8089
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