The global aluminium downstream sector remained quite strenuous this week, Hammerer Aluminium revealed its €38 million investment towards the expansion of Ranshofen extrusion unit. Hydro accomplished the sale of its aluminium rolling business to American investment company KPS Partners. The leading Austrian manufacturer of premium quality aluminium, AMAG shipped the first ASI certified sustainable aluminium to the Audi plant in Neckarsulm. While the most valuable news remains the EU’s leaked draft, which reveals to introduce so-called carbon import tariffs on aluminium as a part of the initiative fight against climate change.
The decline in operating rates of primary and secondary aluminium alloy enterprises last week pulled down the operating rates of major aluminium processors by 0.6 percentage point, found the Shanghai Metals Market. Some construction extrusion companies were affected by electricity curtailment, while car chip shortages and high raw material prices weighed on primary and secondary alloys operating rates.
Russia’s exports of crude metals and alloys to the US stood at 17,500 tonnes in March 202, an increase of 222.28% year-on-year. Russia had exported 5,430 tonnes to the US in March 2020, according to the latest Mineral Industry Survey report from the US Geological Survey.
The north-western European nation, Netherlands importation of aluminium powder and flakes during 2018-19 was registered at 5324 tonnes and the expenditure occurred for the import remained at $12.46 million. The import for 2020 stood at 1891 tonnes and the expenditure counted was $6.32 million.
To know more: https://www.alcircle.com/news/netherlands-import-of-aluminium-powder-and-flakes-during-2018-20-remains-unstable-66431
Maan Aluminium reported sales of INR 163.27 crore in the March quarter of 2021, up 65.74% from INR 98.51 crore during the previous quarter ended March 2020. Net profit jumped by 533.73% to stand at INR 5.26 crore in March quarter 2021. The company had reported a net profit of INR 0.83 crore in March quarter 2020.
To know more: https://www.alcircle.com/news/maan-aluminiums-profit-jumps-533-73-to-inr-5-26-crore-in-march-quarter-2021-66419
Hindalco Industries Limited has further expanded its aluminium products price. With effect from Wednesday, 02 June 2021, aluminium billets price has jumped by INR 6,000 per tonne or 2.88% to stand at INR 214,100 per tonne. The company had reported billets price of INR 208,100 per tonne on May 28.
To know more: https://www.alcircle.com/news/hindalco-industries-reports-inr-6-000-t-jump-in-its-aluminium-billets-price-66448
The United Arab Emirates exports of crude metals and alloys to the US stood at 31,200 tonnes in March 2021 an increase of 52.94% year-on-year. The UAE had exported 20,400 tonnes to the US in March 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a monthly basis, crude metal and alloys imports rose 19.54% from February’s imports of 26,100 tonnes.
To know more: https://www.alcircle.com/news/uaes-exports-of-crude-metal-and-alloys-to-us-up-53-yoy-in-march-66451
Bahrain exported 9,770 tonnes of crude metals and alloys to the US in March 2021, from 8,800 tonnes exported in February 2021, reflecting a growth of 11.02% month-on-month, according to the latest Mineral Industry Survey report from the US Geological Survey. On a yearly basis, exports jumped from 299 tonnes in March 2020.
To know more: https://www.alcircle.com/news/bahrains-crude-metals-and-alloys-exports-up-11-mom-in-march-66457
The nation located in the Baltic Baltic region of Northern Europe, Latvia imported 949 tonnes of aluminium tubes and pipes during 2018-19 and the expenditure counted for the import was $2.99 million. However, when the import volume and expenditure of 2020 get added with the preceding two years, it denotes 1442 tonnes and $4.40 million respectively.
The leading Austrian manufacturer of premium quality aluminium cast and flat-rolled products, AMAG that supplies to highly diversified industries such as the automotive, aircraft, sports equipment, lighting, mechanical engineering, construction and packaging industries, has shipped the first aluminium which is certified following the international Chain of Custody standard of the Aluminium Stewardship Initiative (ASI) to the Audi plant in Neckarsulm, Germany.
To know more: https://www.alcircle.com/news/amag-ships-asi-certified-sustainable-aluminium-to-audi-plant-in-neckarsulm-66420
Aluminium Stewardship Initiative has welcomed ALUMAN SA as a new Production & Transformation member, bringing the total number of members to 171.
The global aluminium associations, which incorporated the United States, Europe, Canada and Japan, applaud G7 Trade Ministers’ commitment to “stronger international rules on market-distorting industrial subsidies and trade-distorting actions by state enterprises.”
SAG Slovakia, a wholly-owned subsidiary of the Salzburger Aluminium Group, will commence production at its new site in the SIHOT industrial park near Trencin. The company invested around 1.5 million euros in the relocation and expansion of the new site.
To know more: https://www.alcircle.com/news/salzburger-aluminium-group-subsidiary-to-start-production-at-new-site-in-slovakia-66438
Slim Aluminium S.p.A. has received ASI Performance Standard certification for the manufacturing of aluminium alloys rolled products by remelting, casting, hot and cold rolling and heat treatments. The plant, which has a capacity of approximately 95,000 tons per year, is vertically integrated, with casthouse, rolling mills and finishing lines, and manufactures flat-rolled aluminium products.
To know more: https://www.alcircle.com/news/slim-aluminium-s-p-a-plant-certified-against-asi-performance-standard-66439
The supplier of high-quality aluminium, Hammerer Aluminium Industries (HAI) reveals an investment volume of € 38 million towards the expansion of the extrusion facility in Ranshofen. HAI intends to root the investment by executing the operation of the 60 MN extrusion press at its facility at Ranshofen, Upper Austria.
To know more: https://www.alcircle.com/news/hai-reveals-38-million-investment-for-extrusion-facility-expansion-at-ranshofen-66440
A unit of China Haida, CHD Engineering and Trading, has teamed with K-United Builder (KUB) to supply and install aluminium products for projects in Singapore and Malaysia. The first project is for a commercial building in Johor, Malaysia, worth S$1.68 million, that requires aluminium cladding and roof work. The project will start on August 2, 2021, and expectedly complete on December 1, 2022.
Aluminium billet inventories in China have inched up by 1,100 tonnes or 1.2 per cent week-on-week across the five major consumption areas, following the three consecutive weeks of decline. The inventories are thus standing at 89,400 tonnes as of June 3, according to the Shanghai Metals Market. The slight rise in aluminium billet inventories could be attributed to the weaker performance of aluminium prices this week that led to the unwillingness of the downstream sector for receiving goods.
Hindalco Industries Limited has slashed its aluminium products price by INR 4,000 per tonne. With effect from Friday, 04 June 2021, aluminium billets price has reduced by INR 1.87% to stand at INR 210,100 per tonne from INR 214,100 per tonne on June 02.
To know more: https://www.alcircle.com/news/hindalco-industries-aluminium-wire-rods-price-drops-by-inr-4-000-t-to-inr-214-100-t-66470
European aluminium and aluminium alloy producers have been seeing strong demand from carmakers and original equipment manufacturers (OEMs) until now in 2021. But some market participants fear a dip in demand as auto sales continue to run below pre-pandemic levels. They also forecast a significant fall in aluminium premiums later this year.
To know more: https://www.alcircle.com/news/european-aluminium-makers-fear-a-demand-drop-as-auto-sales-fall-below-pre-pandemic-levels-66471
Novelis’ Shanghai Customer Solution Center (CSC) has signed a non-binding memorandum of understanding (MOU) with Tsinghua University Suzhou Automotive Research Institute (TSARI) to drive research and development of aluminium products and solutions to promote low carbon, sustainable future.
On Tuesday, June 1, Hydro completed the sale of its aluminium rolling business area to KPS Capital Partners, which is expected to strengthen Hydro’s position in low-carbon aluminium. Hydro President and CEO Hilde Merete Aasheim said, "Hydro's ambition is to lift profitability and drive sustainability, creating value for all stakeholders.
To know more: https://www.alcircle.com/news/hydro-completes-the-sale-of-its-aluminium-rolling-business-to-kps-capital-partners-66447
The usage of aluminium in the Indian auto sector as well as globally is significantly on the rise and presently, it ranks as the second most-used metal after steel. The utilization of the metal in the auto industry has been in multiple formats, as said by Naveen Mehta, Senior Vice-President, Extrusion Operations at Jindal Aluminium that aluminium can be found on a vehicle’s frame, body, electrical wiring, wheels, ABS brakes, transmission, the air-conditioning system including condenser and pipes, magnets for speedometers, tachometers, and airbags, and engine parts like pistons, radiator and even the cylinder head.
The EU Commission’s draft proposal which is now available to a global media agency reveals that the European Union will introduce so-called carbon import tariffs on aluminium among other commodities as a part of the initiative fight against climate change. This is purposeful in regards to safeguard European companies from CO2 -intensive cheap imports. The full effect of the taxes could initiate from 2026.
To know more: https://www.alcircle.com/news/fight-against-climate-change-eu-plans-co2-import-tariffs-on-aluminium-among-others-66475
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