Downstream aluminium weekly: Thyssenkrupp Aerospace extends contract with AMAG for aluminium premiums; AEC supports US extruders in USITC hearing
The downstream aluminium sector is where all the upstream activities divulge to form profiles and extrusions for application during the manufacturing process. This week the downstream industry has been under a lot of commotion, like the Aluminium Extruders Council (AEC) testified in a U.S. International Trade Commission (USITC) hearing about the impending effects of Section 232 and 301 tariffs on local U.S. extruders. While in Europe, AMAG Austria Metall AG and Thyssenkrupp Aerospace have been partners since the beginning of the former's journey in the aviation industry, but to strengthen the bond even more, both the companies have signed a deal elongating their trade contract.
The year 2022 heralds a ray of fresh desire and optimism for the downstream aluminium industry, with a lot of upcoming projects, investments, and line changes. So, the team AlCircle has launched its latest research report, “The World of Aluminium Extrusions - An industry analysis with forecasts to 2027", which offers a thorough analysis and prediction of how the aluminium extrusion market will develop in the coming years while keeping an eye on prior investments, regulatory changes, and pricing trends.
AMAG Austria Metall AG and Thyssenkrupp Aerospace had been partners since the beginning of AMAG's aviation history. During the coming year, the strong cooperation will be extended for another six months through a new supply contract. Through AMAG, Thyssenkrupp Aerospace has secured the supply of premium aluminium for the coming year.
To know more: https://www.alcircle.com/news/thyssenkrupp-aerospace-extends-contract-with-amag-for-aluminium-premiums-82076
On July 20, the Aluminium Extruders Council (AEC) attested to a U.S. International Trade Commission (USITC) hearing about the economic effects of Section 232 and 301 tariffs on U.S. industries. The president of AEC, Jeff Henderson, was very vocal in claiming that the domestic aluminium extruders are being put under the guillotine by the recent predicament.
To know more: https://www.alcircle.com/news/aec-supports-u-s-extruders-in-usitc-hearing-against-section-232-and-301-tariffs-82100
A triad formed in the West Midlands where PyroGenesys, Impression Technologies and Kew Projects will indulge in a £ 1.3 million pilot programme for a smoother inter-change of knowledge and experience to penetrate new markets with more significant business opportunities. The pilot programme will enhance the peripheral growth of these three companies so that they can easily suffice the aerospace and aviation demands for lightweight aircraft consuming sustainable and lesser fuel for the flight.
To know more: https://www.alcircle.com/news/west-midland-based-companies-alliance-envisions-forming-a-green-aviation-industry-program-82087
Maxion Wheels, a division of Iochpe-Maxion S.A and the world’s leading steel and aluminium wheel supplier, joined Aluminium Stewardship Initiative (ASI) as its new Production and Transformation member. Its low-carbon expertise and energy-efficient designs help cars, buses, trucks, and trailers achieve real-world carbon footprint reductions.
To know more: https://www.alcircle.com/news/maxion-wheels-joins-asi-as-new-production-and-transformation-member-82071
China’s ALG Aluminium Inc. is a technologically advanced state-owned joint-stock organisation situated in the ‘Green City’, Nanning, funded and fathered by Guangxi Investment Group Co. Ltd. The Company successfully earned the Production and Transformation Membership after immense scrutiny by the Aluminium Stewardship Initiative.
To know more: https://www.alcircle.com/news/chinas-alg-aluminium-inc-joins-asi-as-a-production-and-transformation-member-82091
The Aluminium Stewardship Initiative certified Metra Holding S.p.A against the Performance Standard certification for re-melting primary and secondary aluminium and manufacturing aluminium alloy extruded sections at its Foall S.r.l. (foundry) and Metra S.p.A. (extrusion) production facilities in Italy.
Shandong Yocon Aluminum Industry Co Ltd, a leading supplier of aluminium coils, reportedly announced its plans to ramp up production capabilities to meet the increasing demand for aluminium coils. As per the report, the company’s expansion plans include the installation of new equipment and hiring of additional personnel, in a bid to uplift the quality of products supplied and improve customer service.
To know more: https://www.alcircle.com/news/shandong-yocon-aluminum-to-install-new-equipment-as-part-of-its-expansion-plans-82099
ELLWOOD declared an upgradation to produce an in-house Aluminium Tooling plate (ATP) with a substantial investment in its ELLWOOD Speciality Steel (ESS) facility. The ELLWOOD Aluminium cast-house in Hubbard, OH, will provide the ATP facility with the cast aluminium slab input stock they require to run operations.
To know more: https://www.alcircle.com/news/ellwood-invests-in-aluminium-tooling-plate-production-at-its-ess-facility-82102
RHB research stated that, given the projected long-term demand for aluminium, Press Metal Aluminium Holdings Bhd's prospects are still strong. Press Metal will continue to gain from the Bakun Dam power purchase agreement with Sarawak Energy Bhd, which provides a long-term supply of energy at competitive rates.
To know more: https://www.alcircle.com/news/press-metal-aluminiums-prospects-to-remain-strong-in-the-coming-years-says-rhb-research-82110
On Thursday, July 21, the aluminium billet inventories in China dropped by 3,100 tonnes W-o-W to close at 95,400 tonnes, from 98,500 tonnes a week ago. Except for Foshan and Huzhou, all major markets saw a decrease in inventories, partially attributable to fewer exports from smelters in northwest China.
To know more: https://www.alcircle.com/news/china-s-aluminium-billet-inventories-fell-by-3-100-tonnes-w-o-w-to-95-400-tonnes-82056
Vedanta Limited’s aluminium products and aluminium ingot prices rebounded on Saturday, July 23, following a cut on the previous day. With effect from Saturday, Vedanta’s aluminium wire rod price has increased by INR 2,750 per tonne to come in at INR 234,250-241,750 per tonne. On July 22, the price stood at INR 231,500-239,000 per tonne, after being cut by INR 2,500 per tonne from INR 234,000-241,500 per tonne.
To know more: https://www.alcircle.com/news/vedantas-aluminium-wire-rod-billet-prices-build-up-by-inr2750-t-on-july-23-82067
Vedanta currently sold its aluminium wire rod price at INR 231,500-239,000 per tonne versus INR 234,250-241,750 per tonne as of July 23. Aluminium ingot price stood at INR 224,000-255,500 per tonne, seeing a cut of INR 2,750 per tonne on July 26 from INR 226,750-258,250 per tonne.
To know more: https://www.alcircle.com/news/vedantas-aluminium-billet-price-sheds-inr2750-t-to-stand-at-inr233000-t-on-july-26-82085
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry, reportedly achieved record levels of revenue and earnings in the first half of 2022. As per the report published by the company, it has seen a growth of around 50 per cent in revenue from EUR 595.1 million in H1 2021 to EUR 904.3 million in H1 2022.
On Wednesday, July 27, Lotte Chemical announced its intention to construct an anode facility in Kentucky by 2025 under the joint venture between the former and Lotte Aluminium. A crucial component of electric vehicle (EV) batteries is anode foil. Lotte Chemical and Lotte Aluminium will each spend 330 billion won ($252 million) for the facility, with Lotte Chemical owning a 70 per cent stake and Lotte Aluminium holding the remaining 20 per cent.
To know more: https://www.alcircle.com/news/lotte-chemical-teams-up-with-lotte-aluminium-to-build-an-anode-facility-in-kentucky-82112
China-based DDM Machinery launched its flexible aluminium duct forming machines. These kinds of aluminium ducts or tubes are usually applied in air conditioners, ventilation, bathroom, kitchen and HVAC system. The DSMR-600 Aluminium Flexible Duct Forming Machine is one of its kind and uses a stainless steel wire at the core of the flex tubes to keep the bendability intact.
To know more: https://www.alcircle.com/news/chinas-ddm-machinery-introduces-aluminium-flex-duct-forming-machine-dmsr-600-82078
source https://www.alcircle.com/news/downstream-aluminium-weekly-thyssenkrupp-aerospace-extends-contract-with-amag-for-aluminium-premiums-aec-supports-us-extruders-in-usitc-hearing-82132
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