In the realm of downstream aluminium, recent developments herald both challenges and opportunities across global markets. From India's deliberation over anti-dumping duties on Thai aluminium foil imports, stirring optimism for local producers like Hindalco Industries, to Japan's anticipated surge in aluminium demand buoyed by the semiconductor and automotive sectors' resurgence, the industry's landscape is dynamic and promising. Moreover, BMW's adoption of Wire-Arc Additive Manufacturing underscores a commitment to sustainable innovation, while Lotte Aluminium's strategic split aims to sharpen focus on specialised segments. Additionally, RHI Magnesita's acquisition of Resco Group signals strategic synergy poised to redefine refractory production dynamics. These developments reflect a sector in flux, where resilience, innovation, and strategic foresight converge to navigate evolving market paradigms.
Hindalco shares soar: India puts Thailand's aluminium imports under scrutiny
The Indian government is considering increasing anti-dumping duties on aluminium foil from Thailand to boost the country's domestic aluminium industry. This move could benefit prominent players like Hindalco Industries Limited. The news of the potential duty hike has sparked optimism among investors, as Hindalco's stock surged by 2.50% on the Bombay Stock Exchange. The government's proactive approach demonstrates its commitment to safeguarding the interests of indigenous aluminium producers. As one of India's premier aluminium manufacturing companies, Hindalco boasts a formidable domestic and global presence. The potential anti-dumping duty hike highlights India's resolve to foster a conducive environment for domestic aluminium producers.
Revival in the automobile sector likely to buoy Japan's aluminium demand in FY2024
Japan's aluminium market is expected to grow in the fiscal year 2024 due to the revival of the semiconductor and automobile sectors. The demand for aluminium products is expected to reach 3.85 million tonnes, showing an increase for the first time in three years. Demand for rolled aluminium products is projected to fall short of the target. The automotive sector will lead the growth in demand for diecast product sales. However, the lacklustre demand for canned materials and thick plates for semiconductor manufacturing equipment will contribute to a decline in rolled product demand.
BMW adopts Wire-Arc Additive Manufacturing for sustainable aluminium car components
BMW Group's Additive Manufacturing Campus in Oberschleißheim, Germany, utilises Wire Arc Additive Manufacturing (WAAM) technology to create vehicle components and tools. WAAM is a wire-based DED process that reduces energy consumption and material waste, with the use of aluminium showcasing BMW's commitment to sustainability. The Additive Manufacturing Campus serves as the hub of BMW's innovative ideas, with employees honing their expertise since 2015. BMW also harnesses the power of generative design to optimise component performance, creating intricately structured components that maximise strength while minimising weight. This synergy between technology and design unlocks new possibilities for vehicle dynamics and efficiency.
Lotte Aluminium decides to split into two new entities to nurture the respective areas of strength
Lotte Aluminium Co. has announced that it will split into two entities - Lotte Infracell and Lotte Packaging Solutions. The move aims to help each company focus on their respective areas of expertise. Lotte Infracell will focus on secondary battery materials, specifically aluminium foil for EV batteries. Lotte Packaging Solutions will take over the packaging business division, focusing on a wide range of packaging operations. Choi Yon-su will continue to serve both companies as CEO. Both entities will continue Lotte Aluminium's legacy in environment preservation. The Aluminium Stewardship Initiative recently recertified Lotte Aluminium against Chain of Custody Standard V2 certification for manufacturing rolled products at its Ansan Plant, South Korea.
Strategic synergy: RHI Magnesita takes over Resco Group, a refractory items producer
RHI Magnesita is set to acquire Resco Group, a manufacturer of refractories and alumina monolithics, in a deal that could be worth up to $430m. The purchase will allow RHI Magnesita to enhance its regional presence and fortify its commitment to local manufacturing, while Resco Group will benefit from RHI Magnesita's global reach and strategic vision. The two companies will optimise their supply chain to improve efficiency and capitalise on procurement efficiencies while also working towards sustainability goals. The CEO of RHI Magnesita expressed confidence in the acquisition and its transformative potential.
