Iran is expanding its domestic aluminium manufacturing capabilities through nanostructured anodising technology, developing specialised aluminium sheets and profiles for applications across aerospace, medical equipment, electronics and automotive industries. The initiative reflects a move towards higher-value aluminium products by improving the metal's surface properties and expanding its potential industrial applications. According to Pars Today, citing Mehr News Agency, an Iranian aluminium complex is using the technology to produce aluminium components with nanostructured ceramic coatings designed to improve resistance to corrosion and wear. The complex is also working on developing specialised aluminium standards and has so far established eight standards in this field. The...
Amazon's Kindle made of aluminium introduces recycled aluminium into its entry-level e-reader range, highlighting the metal's growing application in consumer electronics. The aluminium-backed model combines a rigid metallic construction with a matte finish, built-in magnets for folio covers and a design that allows users to replace the battery. Compared with the standard plastic Kindle (2026), the aluminium version also offers additional storage and an ad-free lock screen. The Kindle made of aluminium features a rigid, matte-finished metal chassis that provides a premium appearance while eliminating body flex and naturally resisting oily fingerprint marks. Its construction incorporates built-in magnets on the back for attaching snap-on folio covers, while accessible external Torx screws...
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Hindalco Industries Limited has hiked its aluminium products price after cutting it on Friday. With effect from Saturday, 06 March 2021, aluminium billets price stands at INR 191,850 per tonne, an increase of INR 1,500 per tonne from INR 190,350 per tonne on March 5. The company’s aluminium ingot and wire rods prices are currently hovering at INR 184,750 per tonne and INR 195,850 per tonne as of Saturday, 06 March 2021. This marks an increase of 0.79% each from INR 183,250 per tonne and INR 194,350per tonne on March 5. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Aluminium...
Metal tycoon Sanjeev Gupta has crowned a reputation for over a decade as one of the world’s biggest promoter of steel by sealing deals for mills and smelters across Australia to Romania while placing up billions in debt for decaying assets. The Executive Chairman of GFG Alliance has planned out a vision of a greener future for steel, with his network of companies – GFG Alliance – leading the way. However, the almost bankruptcy of his biggest lender, Greensill Capital, has immediately throttled off a key source of funding and is threatening that pace of breakneck expansion. As per our industry sources, the Spanish government has demanded from a division of Gupta’s GFG to prove its solvency before the company will be permitted to push ahead with a takeover of San Ciprian Aluminium smelter,...
SMM aluminium ingot price marked a growth of RMB 390 per tonne on Monday, March 8 2021. The aluminium price stood at RMB 17490 per tonne today from Friday’s price of RMB 17100 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In Foshan and Wuxi, the price rose by RMB 390 per tonne and RMB 380 per tonne to stand at RMB 17490 per tonne and 17480 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 17510 per tonne and 17475per tonne, up RMB 370 per tonne and RMB 405 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 17575 per tonne, RMB 17460 per tonne, RMB 17460 per tonne, and RMB 17290 per tonne. The aluminium alloy (ADC12) price was up by RMB 50 per tonne to RMB 18100 per tonne on Monday,...
According to the recent data shared by the US Geological Survey, India imported 30,600 tonnes of aluminium scrap from the United States in December 2020, almost flat compared to 30,300 tonnes of imports in November 2020 and 8,100 tonnes or 20.93 per cent less than 38,700 tonnes in October 2020. On a year-on-year calculation, India’s aluminium scrap imports from the US stood flat as well compared to 30,800 tonnes. India’s aluminium scrap imports from the US in the fourth quarter of 2020 totalled 99,600 tonnes, up 15,400 tonnes or 18.29 per cent from 84,200 tonnes in the third quarter of 2020. In the entire year of 2020, India imported 307,000 tonnes of aluminium scrap from the United States, registering a year-on-year hike of 13.29 per cent from 271,000 tonnes. The United States total...
Three-month LME aluminium rose 2.54 per cent to close at US$ 2184 per tonne on Friday, with open interest falling to 707,000 lots. It is expected to trade between US$ 2150-2250 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 16 per tonne or 0.74 per cent on Friday, March 5, to stand at US$ 2185 per tonne, following an intermittent decrease of US$ 34 per tonne on March 4. But 3-months bid price and 3-months offer price dipped to US$ 2176 per tonne from US$ 2177.50 per tonne on March 4. Dec 22 bid price and Dec 22 offer price also stood down at US$ 2214.50 per tonne from US$ 2227.50 per tonne on Thursday. The LME aluminium opening stock decreased from 1299775 tonnes on Thursday, March 4, to 1299150 tonnes on Friday, March 5. Live Warrants...
On 6 th March 2021, the Odisha cabinet held a meeting, where it approved the proposal of the state government to authorize Odisha Mining Corporation (OMC) to sell the entire quantity of bauxite ore meant for sale through national e-auction for 2020-21 at the rate of INR 1,000 per tonne. As decided, the bauxite will be sold at the rate of INR 1000 per tonne with a subsequent undertaking to pay the differential rate as stipulated by the High Court. This decision by the cabinet will prevent loss of revenue to OMC. In February 2018, the government amended the Long Term Linkage (LTL) policy for the supply of bauxite ore by the OMC to the end-users in the State. However, in 2019, the Centre amended the conversion factor for calculating the average sale price (ASP) of metallurgical grade...
Vedanta has hiked its aluminium products price by INR 1,500 per tonne. With effect from Saturday, 06 March 2021, the prices of some aluminium ingots are in the range of INR 183,000-196,000 per tonne, representing an increase of 0.83 per cent from INR 181,500-194,500 per tonne on March 5. The company’s billet price now stands at INR 191,000 per tonne on Saturday, 06 March 2021, a growth of INR 1,500 per tonne from INR 189,500 per tonne on March 5. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated...
Hindalco Industries Limited has cut its aluminium products price after hiking it for the second time in a row. With effect from Friday, 05 March 2021, aluminium billets price stands at INR 190,350 per tonne. This is down by INR 2,750 per tonne from INR 193,100 per tonne on March 4. The company is selling its aluminium ingot and wire rods prices at INR 183,250 per tonne and INR 194,350 per tonne as of Friday, 05 March 2021, marking a decline of 1.42 per cent each from INR 186,000 per tonne and INR 197,100 per tonne on March 4. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Aluminium...
The United States domestic primary aluminium production stood at 77,000 tonnes in December 2020, up by 3,000 tonnes or 4.05 per cent from 74,000 tonnes in November, showed the recent data released by the United States Geological Survey. With this, the total aluminium production in 2020 came in at 1.01 million tonnes, 7 per cent less than a year ago but 14 per cent more than in 2018. The average daily production in December 2020 was 2,480 tonnes, almost flat compared to the daily production of 2,450 tonnes in November and less by 16 per cent than in December 2019. Total aluminium recovered from scrap in December 2020 was 249,000 tonnes, 6 per cent less month-on-month and 8 per cent on the year. Of this, 131,000 tonnes of aluminium was recovered from new scrap, while 117,000 tonnes from old...
The Governor of Louisiana, John Bel Edwards joined DADA Holdings Chairman and CEO David D’Addario and Enervoxa CEO Vandit Verma to publicise that the joint venture of DADA Holdings and Enervoxa ‘ElementUS’, will infuse an $800 million capital investment to extract rare earth elements at the Noranda Alumina site in Gramercy, Louisiana. This is subject to a final investment decision within the next year. The Gramercy-based Noranda Alumina owned by DADA Holdings is joining hands with green technology firm Enervoxa to extract rare earth elements and other valuable minerals from alumina by-products. The Gramercy site has a 35 million dry-tonnes reserve of mineral-rich residual bauxite. The carbon-neutral project would result in 200 new direct jobs, with an average annual salary of more than...
The LME aluminium benchmark price gained 1.42 per cent over the week to close at US$ 2185 per tonne as of Friday, March 5. LME aluminium cash (bid) price and LME official settlement price edged higher this week from US$ 2154.50 per tonne to US$ 2185 per tonne. Starting the week on Monday, March 1, at US$ 2154.50 per tonne, the price rose to US$ 2176 per tonne on Tuesday and further to US$ 2203 per tonne on Wednesday, March 3. However, on Thursday, March 4, both LME aluminium cash (bid) price and LME official settlement price stood US$ 34 per tonne lower to come in at US$ 2169 per tonne. On Friday, March 5, the prices rebounded to close the week at US$ 2185 per tonne. 3-months bid price and 3-months offer price started the week at US$ 2165.50 per tonne, which grew on Tuesday, March 2, to...
SMM aluminium ingot price saw mixed performance this week. The price declined by RMB 220 per tonne and RMB 150 per tonne to stand at RMB 17050 per tonne and RMB 16900 per tonne on Monday,1 March and Tuesday, 2 March. The price on Thursday stood higher by RMB 150 per tonne to RMB 17580 per tonne, from Wednesday’s price of RMB 17430 per tonne. Aluminium price closed Friday’s trading at RMB 17100 per tonne, down RMB 480 per tonne. According to the Shanghai Metals Market, social inventories of primary aluminium rose 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, came in at 91,000 tonnes, as of March 4, compared to 1.173 million tonnes last week. The alumina price in China remained...
Yu Dehui, the former general manager of Aluminum Corporation of China Ltd. (CHALCO), suggested that China, the world’s largest aluminium producer and consumer, must advance the green and low-carbon development of the aluminium industry to reach the carbon dioxide emission peak by 2030 and achieve carbon neutrality before 2060. The news came after S&P Global Platts reported that Yu suggested China to set up the total carbon emission target for the aluminium industry, while speaking on the sidelines of the National People’s Congress and the Chinese People’s Political Consultative Conference. He also recommended China to carry out quota management for carbon emission, given the aluminium consumption in the country will keep rising and reach the peak expectedly by 2035. China should also...
Aluminium component supplier CastAlum will invest £5 million in its aluminium casting plant IN Welshpool, Powys. The expansion will allow the company to expand production capacity. CastAlum, which supplies car brands such as Porsche, Mercedes, and BMW, will install two new, state-of-the-art manufacturing cells at its plant. This will create employment opportunities for 116 people. Welsh Government’s SMART Innovation programme offers technical support for a number of projects. The Government’s SMART Cymru fund worth £100,000 has been co-invested in new technology. Peter Radcliffe, chairman of CastAlum Ltd, said: “Despite all of the adverse news surrounding the pandemic over the last 12 months we have been working hard to secure long term future business for Castalum and Welshpool. “Our...
The Norwegian aluminium company Norsk Hydro ASA has set foot to sell its rolling division to KPS Capital Partners for EUR 1,380 million on an enterprise value basis. This is considered as a major step on Hydro's agenda to enhance profitability and drive sustainability. The transaction comprises seven plants, one R&D centre, global sales offices, and around 5,000 employees of which 650 employees in Norway and the remaining mainly in Germany. Hilde Merete Aasheim, President and CEO, Hydro said: “Hydro launched a strategic review of our Rolling business area in 2019, along with other strategic measures towards profitability and sustainability. We have now concluded, and our Rolling business will continue its development under new ownership. This is a good solution for both Hydro and for the...
The World Bank has forecasted 4% growth for the economy of Morocco, as reported by the Moroccan state media and also notified the country’s growth will be accredited to agriculture. The North African nation during 2018-19 has recorded 31,967 tonnes import of aluminium wire and the expenditure that occurred for the import remained at $74.83 million. The import for 2020 stood at 2482 tonnes and the expenditure accounted for $1.73 million. However, when the import volume for 2020 gets added with the previous two years, it denotes 34,449 tonnes and $76.56 million respectively. Morocco’s import of aluminium wire in 2018 stood at 24,266 tonnes and the expenditure remained at $58.15 million, whereas, in 2019, the import saw a downfall by 68.26%, as the import volume dropped to 7701 tonnes and...
Late last month, China’s metal recycling body unveiled the second batch of 44 certified domestic importers and a list of over two dozens of foreign companies who would be permitted to export aluminium and copper scrap to the country. China had prohibited imports of solid waste from 2021 but permitted high-grade metals scrap that met new standards reclassified as recycling resources. The foreign aluminium and copper scrap suppliers, who received export permission, include the US companies Omnisource LLC and Golden Bridge International Group as well as suppliers from Italy, Britain, Japan, Malaysia, Hong Kong and other countries, according to the recycling branch of the China Nonferrous Metals Industry Association. 44 certified domestic importers are from 10 provinces, including units of...
Budweiser Brewing Group UK&I, a proud part of AB InBev, will invest more than £115million in its two major UK breweries in South Wales and Lancashire. This will further expand the Group's capacity and efficiency. The investment will allow the Group to install modern and eco-friendly infrastructure at both breweries to increase capacity in brewing, canning and bottling by a total of 3.6m hL (hectolitres), the equivalent of 630 million pints a year once all projects are complete. Paula Lindenberg, President, Budweiser Brewing Group UK&I, said: “Like many in the UK, we are focussed on a strong recovery of our economy, our communities and our country. By investing in our breweries with new roles and new technology to increase capacity, we’re ensuring that we can brew and deliver great beers...
