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AlCircle Pte Ltd
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Stronger US dollar continues to weigh on LME aluminium; the contract plunged on Friday while SHFE recovered some losses - The US dollar reached a 19-month high against a basket of currencies on Friday, as investors preferred the safety of the world's reserve currency in the wake of political and economic turmoil outside the US. Most LME base metals traded lower on Friday while SHFE base metals ticked higher across the board on Friday night.  LME aluminium dropped about 0.2%.while SHFE Alumi...
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China's inventory of primary aluminium drops with smelter capacity cut; market prices remain unchanged today - As reported by Shanghai Metals Market, China's social inventory of primary aluminium including SHFE warrants, across eight consumption areas continued its decline and stood at 1.28 million tonnes as of Monday December 17. This volume is about 18,000 tonnes less from the stock on Thursday December 13. The commissioning of new production capacity has slowed down as the prices are not...
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Runge Cars designs Runge RS, a handcrafted aluminium-bodied masterpiece for modern-day racers - A bootstrapped Midwest USA builder is reviving the dying art of the pure vintage racing cars which are beautifully handcrafted oner at a time. The all-aluminium body of the Runge RS is a modern masterpiece reminding the curvy bodies of ‘50s-era Ferrari, Maserati, and Jaguar roadsters. Runge is inspired from the Porsche 550 Spyder and Porsche 718 RSK specifically. Inside the stunning polished alum...
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Week in Review: A summary update on global bauxite sector - Bauxite industry has witnessed a number of developments last week. Here is a round-up of the most important news stories on the bauxite sector from the week gone by: Construction of EGA’s bauxite mining project reaches 75 per cent The construction of Emirates Global Aluminium’s (EGA) bauxite mining project in the Republic of Guinea has reached almost 75 per cent. Developed by EGA’s subsidiary Guinea Alumina Corp (GAC), the total bu...
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re3 launch new aluminium foil recycling service - re3 have launched a new recycling initiative that aims to encourage its residents to recycle aluminium foils trays. The initiative reminds residents that clean aluminium foil trays can now be recycled along with other metal packaging such as clean food and drink cans, tins and empty aerosols. re3 have teamed up with local takeaway outlets to deliver the recycling message to residents of Bracknell Forest, Reading and Wokingham Boroughs. The r...
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Sohar Aluminium appoints a new Chief Operating Officer - Sohar Aluminium (SA) recently announced the appointment of Agnello Borim as Chief Operating Officer (COO). In his new capacity, he will be leading the Reduction Operations, Services and Maintenance, Technical Department, Anode Plant, Casthouse, Port and Lab Areas. Borim will also be the custodian of the company’s Productivity Pillar, overseeing the development of the strategies and contributing in driving the overall business strategy...
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Analysts project an aluminium scrap supply glut in the US; no sustainable demand likely from alternative export markets - With China’s crack down on inferior quality scrap imports and the steep tariffs on imported scrap from the US, there is a fear of scrap supply glut in the U.S., analysts from CRU Group said. Mike Southwood and Greg Wittbecker, both Pittsburgh-based aluminium industry analysts with CRU Group said so in a webinar hosted by the Aluminum Recyclers Council (ARC), Wauconda, Il...
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Rio Tinto completes sale of Aluminium Dunkerque smelter in France - Rio Tinto announced it has completed the sale of its Dunkerque aluminium smelter in northern France, Europe’s biggest aluminium producer, to Liberty House for $500 million. In January, Rio Tinto had accepted a purchase offer from UK industrialist Sanjeev Gupta for its Dunkerque aluminium smelter. “Liberty House, which is part of the GFG Alliance (Gupta Family Group), has committed to continuing operations at the smelter and...
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Top 5 alumina refineries in the world by capacity - Alumina or aluminium oxide (Al2O3), the key raw material for producing aluminium is a white powder extracted from bauxite through Bayer process. Due to the exponential growth of the aluminium industry in last two decades and the significance of alumina in the upstream value chain, aluminium producers are building their own refineries and expanding the existing facilities to secure the availability of this resource. Driven by a growing dema...
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Ball Corporation to sell its China manufacturing facilities to a metal packaging company - In the background of excess beverage cans supply in China. American soda can maker Ball Corporation is reportedly planning to sell its manufacturing facilities in China at about US$225 million. The news came when the company announced about its plans. The company plans to sell the can-making facilities to Chinese metal packaging company ORG Technology Co Ltd. Ball Corporation makes aluminium cans for ...
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