Downstream weekly recap: Revenue declines for Chinese aluminium companies in Q3 2023; Aluminium's positive impact on Cryptocurrency mining

The downstream sector plays a crucial role in the aluminium industry's profitability and overall contribution to the global economy, and as a result, it is regarded as the most important in the aluminium industry because it adds significant value to the raw aluminium produced in the upstream stage. It is during this phase that aluminium is transformed into semi-finished or finished products, such as automotive parts, construction materials, aerospace components, and even consumer goods. These downstream products have a wide range of applications across industries, making aluminium a versatile and sought-after material. Moreover, the downstream sector involves extensive manufacturing, fabrication, and customization processes, creating numerous jobs and driving economic growth in regions where aluminium processing facilities are located. The week has seen significant developments in the downstream aluminium industry, with the following news:

On the eve of October 27, a few leading Chinese aluminium companies announced their third-quarter results, revealing a year-on-year drop in revenues and net profits. For instance, Shandong Nanshan Aluminium earned RMB 21.69 billion in revenue in the first three quarters of 2023, down by 18.24 per cent annually. The net profit attributable to shareholders of listed companies was also 24.81 per cent less year-on-year to RMB 2.142 billion. The basic earnings per share during the said period was RMB 0.18, reflecting a Y-o-Y decrease of 25 per cent.
To know more: https://www.alcircle.com/news/chinese-aluminium-companies-post-revenue-drop-for-q3-2023-on-impaired-sales-prices-for-demand-deficit-101792
Aluminium has emerged as a critical element in the ever-evolving technology landscape, playing an essential role in various technological domains, including the thriving world of cryptocurrency. Its versatility and adaptability have made it indispensable in shaping the digital age. This article delves into the multifaceted uses of aluminium in the crypto industry and its broader implications in technology.
To know more: https://www.alcircle.com/news/benevolence-of-aluminium-in-the-cryptocurrency-mining-industry-101759
Tower Alloys Industries Limited, a Nigeria-based producer of a wide range of quality aluminium cookware, roofing, and extrusion profiles, has reportedly increased its shareholding in Aluminium Extrusion Industries Plc to 67.55 per cent by recently acquiring a majority stake in the company.
To know more: https://www.alcircle.com/news/tower-alloys-industries-expands-shareholding-in-aluminum-extrusion-industries-plc-to-67-55-101823
Baowu Aluminium Company collected a batch of ABS car plate orders from a local independent brand automobile leading engine manufacturing in the fall of 2023. Looking back on the cooperation between Baowu Aluminium and the automobile main engine factory, it can be said that the automobile main engine factory witnessed the rapid development of Baowu Aluminum's aluminium plate from the ground up, and Baowu Aluminium also actively participated in the entire process of developing new energy vehicles in the automobile main engine factory.
To know more: https://www.alcircle.com/news/baowu-aluminium-company-receives-the-first-batch-of-abs-car-plate-orders-101811
Proterial, in partnership with the Singapore Institute of Manufacturing Technology (SIMTech), has successfully reached a significant achievement by creating 'ADMUSTERL61P,' an advanced metal additive manufacturing powder. As per reports, this innovative development is specifically designed for utilisation with the aluminium alloy Al6061, showcasing remarkable characteristics in terms of its superior strength and resistance to corrosion.
To know more: https://www.alcircle.com/news/proterial-and-simtech-jointly-develop-admusterl61p-a-cutting-edge-aluminium-alloy-powder-101793
EOS is introducing upgraded version of its EOS M 300-4 metal additive manufacturing equipment with four 1kW lasers. The EOS M 300-4 1kW has been specifically designed to fulfil the production demands of many applications using aluminium and copper materials. These applications include the manufacturing of brackets, holders, antennas, and components related to e-mobility.
To know more: https://www.alcircle.com/news/eos-launches-an-upgraded-version-of-its-metal-3d-printer-supporting-aluminium-material-production-101774
Avon Metals, one of the privately owned UK-based manufacturers of aluminium casting alloys and a multi-award-winning metal recycling company with a turnover of £100 m, has recently completed 50 glorious years of business. The UK-based company, which includes subsidiary Avon Specialty Metals, employs 86 people at three facilities in Gloucester, right off the main Bristol Road.
To know more: https://www.alcircle.com/news/avon-metals-uk-based-manufacturers-of-aluminium-casting-alloys-celebrates-50-years-of-business-101765
Aluminium components have gained significant attention in the aerospace sector as manufacturers look for ways to leverage the benefits of 3D printing. Airbus Helicopters, for instance, has inaugurated its 3D printing centre in Donauwörth, where it has installed TRUMPF systems to enhance its in-house capacity for this innovative process.
To know more: https://www.alcircle.com/news/airbus-helicopters-officially-initiates-3d-printing-centre-in-germany-for-aviation-aluminium-parts-101831
The CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST), situated in Kerala, will work with Hindustan Aeronautics (HAL), Bengaluru, to indigenise the country's aerospace and military industries. In this respect, a memorandum of understanding (MoU) was signed in Bengaluru on November 2, 2023.
To know more: https://www.alcircle.com/news/csir-niist-and-hal-sign-mou-to-create-aerospace-grade-aluminium-alloy-castings-101824
Chennai-based Wheels India, a leading aluminium alloy wheels maker, has announced its decision to open fully-owned subsidiaries in Europe and the US. This is quite big news for the auto components manufacturer as the move will be fundamental for its growth internationally, strengthening its supply chains.
To know more: https://www.alcircle.com/news/wheels-india-declares-inaugurating-fully-owned-subsidiaries-in-us-and-europe-101814
Guizhou Gui Aluminium New Materials organised an event to commemorate the completion of their 5# rolling mill ribbon project, a part of their aluminium foil project with an annual production capacity of 30,000 tonnes. The event also included the delivery of the first order.
To know more: https://www.alcircle.com/news/guizhou-gui-aluminum-new-materials-announces-completion-of-its-rolling-mill-ribbon-project-101808
Aluminium is increasingly being used in additive manufacturing due to its unique properties and benefits in the production of high-performance components. Ricoh, a leading technology company, has recently announced its innovative Binder Jetting Technology (BJT), which aims to revolutionise the production of end-use metal parts using 3D printing technology.
To know more: https://www.alcircle.com/news/siemens-digital-lends-expert-guidance-to-ricoh-on-its-aluminium-binder-jetting-technology-101798
The Technology Innovation Institute (TII) has made a revolutionary discovery that could completely alter the field of additive manufacturing. TII's Advanced Materials Research Centre (AMRC) has developed a new aluminium alloy powder called AMALLOY-HT, specifically designed for use in Laser Beam Powder Bed Fusion (PBF-LB) machines.
To know more: https://www.alcircle.com/news/aluminium-alloy-amalloy-ht-first-developed-in-uae-for-powder-bed-fusion-machines-101763