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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USA Bobsled and Skeleton (USABS), the official national governing body for bobsled and skeleton in the United States has declared it has agreed to ally with Mananalu water. The USABS desire the partnership with Mananalu will support to reduce single-use plastic, with the water company using recyclable aluminium cans. The company say that nine per cent of all plastic ever produced has been recycled. By offering water in an aluminium can, it is claimed each can stands for one less plastic bottle polluting our oceans around the world. Jason Momoa, the American actor, best known for his role as Aquaman, founded the canned water company David Cuthbert, Managing director, Mananalu, said: “We thank the USABS for standing for a better future by committing to help reduce single-use plastic.” "We...
Molson Coors Beverage Company has expanded its Hard Seltzer portfolio with the launch of a new variety pack in aluminium cans. The new flavours include Papaya Passionfruit, Blackberry Lemon, Watermelon Strawberry and Raspberry Tangerine. “Vizzy is off to an incredible start. It’s one of the fastest growing hard seltzer brands in the category, carving out a slot on Nielsen’s Top 10 Growth Brands,” said Elizabeth Hitch, marketing director for Vizzy Hard Seltzer. “Vizzy fans have been asking for new flavors and we wanted to deliver with bright, bold dual-flavor mash-ups. We’re excited for drinkers to try the new variety pack and tell us what they think.” The new pack is available in 12-oz. slim can 12-packs and planned to hit shelves on March 1. Each can contains 100 calories, 1 gram of...
SMM aluminium ingot price marked a big jump on Thursday, 25 February 2021. The aluminium price registered an increase of RMB 820 per tonne from Wednesday’s price of RMB 16740 per tonne. The price now stood at RMB 17560 per tonne today and is expected to move within a range of RMB 17540-17580 per tonne. In Foshan and Wuxi, the price rose by RMB 820 per tonne and RMB 810 per tonne to stand at RMB 17560 per tonne and 17525 per tonne. Their average prices are expected to range within RMB 17540-17580 per tonne and RMB 17510-17540 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 17525 per tonne and 17530 per tonne, up RMB 770 per tonne and RMB 800 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 17510 per tonne, RMB 17515...
Three-month LME aluminium jumped 2.27 per cent to settle at US$ 2203 per tonne on Wednesday, with open interest adding 2,677 lots to 700,000 lots. It is likely to fluctuate between US$ 2000-2200 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 9 per tonne or 0.42 per cent on Wednesday, February 24, to stand at US$ 2145.50 per tonne, following a decline from US$ 17 per tonne to US$ 2136.50 per tonne on Tuesday, February 23. 3-months bid price and 3-months offer price came in at US$ 2157.50 per tonne, also up by US$ 9 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2210.50 per tonne compared with US$ 2202.50 per tonne on February 23. The LME aluminium opening stock continued to decrease from 1343075 tonnes to 1337700...
Press Metal Aluminium Holdings Bhd announced results for the fourth quarter and full year of 2020 The Group’s revenue was RM2.12 billion in Q4 2020 as compared to RM2.20 billion in Q4 2019, a decrease of RM81.00 million or 3.7% due to the lower extrusion products sales in Q4 2020. Profit before tax (PBT) was RM208.72 million for the quarter, indicating an increase of RM28.95 million or 16.1% year-on-year on lower raw material costs and finance costs incurred in Q4 2020. On a full year basis, revenue stood at RM7.54 billion for FY2020, a decline of 14.4% compared to RM8.80 billion in FY2019 due to the softer aluminium prices in the first half of 2020 during the height of the pandemic. PBT grew by 3.0% to RM650.17 million as compared to RM631.22 million for FY2019 mainly due to cost...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, published financial results for the quarter ended December 2020. The company reported net sales of INR 13.67 crore in the quarter ended December 2020, a drop of 83.82% year-on-year. Hind Aluminium had reported net sales of INR 84.48 crore during the previous quarter ended December 2019. Net loss was INR 2.74 crore in the quarter ended December 2020 as against net loss of INR 0.47 crore during the previous quarter ended December 2019. EBITDA declined to stand at INR 1.41 crore in December 2020.
In January 2021, primary aluminium production in North America stood at 340,000 tonnes, reflecting a continuous increase by 2,000 tonnes or 0.60 per cent month-on-month. In December 2020, the output registered a growth of 10,000 tonnes or 3.05 per cent to 338,000 tonnes from 328,000 tonnes in November. In the Q4 2020, North America’s aluminium production totalled 1 million tonnes, up by 1.94 per cent sequentially. On a year-on-year basis, primary aluminium production in North America edged 10,000 tonnes or 3.03 per cent higher in January 2020 from 330,000 tonnes. In the full-year of 2020, North America churned out 3.976 million tonnes, down by 4.38 per cent from 3.809 million tonnes in 2019. South America’s primary aluminium production in January 2021 increased 3,000 tonnes or 3.26 per...
Paul Richard Coulson, the largest shareholder and chairman of Ardagh Group, is reportedly shifting his attention to aluminium cans with the creation of a New York-listed Ardagh Metal Packaging (AMP). Aluminium cans are high in demand and easier and cheaper to recycle than glass packaging, which makes the new listed entity an attractive business to investors, said Mr Coulson. Ardagh Metal Packaging (AMP) has a leading presence in the US and is the second-largest beverage can producer in Europe and the third-largest in North America and Brazil. According to Mr Coulson, AMP’s beverage cans are performing strongly in many parts of the US and generating abundant business for the Ardagh Group, which has more than 16,000 employees and customers like Diageo, Heineken, Pernod Ricard, Nestle, and...
Constantinos Petrides, the Finance Minister of Cyprus on 28 th January 2021, commented that the economy is expected to rebound by 4.5% of GDP this year following a pandemic-induced contraction of around 5.5% in 2020. In an investment conference, the minister said “the growth estimate comes attached with a great level of uncertainty because of how the pandemic may evolve.” The island nation in the eastern Mediterranean Sea has recorded 3314 tonnes of aluminium structures import during 2018-19 and the revenue expended on the import stood at $13.14 million. The import for 2020 remained at 2183 tonnes, with expenditure accounted for $9.72 million. However, when the import volume and expenditure of 2020 gets assorted with the previous two years, it denotes 5497 tonnes and $22.86 million....
Vedanta has cut its aluminium products price after hiking it for the fifth time in a row. With effect from Wednesday, 24 February 2021, the prices of some aluminium ingots are in the range of INR 191,000-178,000 per tonne, representing a decline of INR 1,750 per tonne from INR 192,750-179,750 per tonne on February 19. The company’s billet price now stands at INR 186,000 per tonne on Wednesday, 24 February 2021, a decrease of INR 1,750 per tonne from INR 187,750 per tonne on February 19. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for...
Arconic Corporation, an American industrial company specializing in lightweight metals engineering and manufacturing, announced its performance and financial results on February 23, 2021, revealing a 14 per cent year-on-year decline in aluminium sales to US$ 1.5 billion in the fourth quarter of 2020. Arconic CEO Timothy Donald Myers attributed the fall to weaker shipments to the aerospace industry. Sales in the full-year stood at US$ 5.7 billion, down 22 per cent from the previous year. Myers forecasts sales to remain depressed year-on-year through the first half of 2021. He said, "Large commercial aircraft build rates remain soft as uncertainty in the airline industry continues to curb demand. As a result, elevated inventory in the supply chain and subsequent destocking is driving the...
The leading providers of aluminium lids for cosmetic companies in Poland, Alu-Lids has procured a fully automated MPS EFA 430 flexo press to boost its production capacity, turnaround time, and quality control. In 2001, Alu-Lids initiated operating in the packaging industry in Wrocław, Poland. In 2003, just two years later the company began producing aluminium covers, specializing in the cosmetics industry. Anton Zhukov, Regional Sales Director of MPS, together with MPS’ new representative Reprograf-Grafikus in Poland presented Alu-Lids, the features of the EFA 430 flexo press that could elevate its production, such as special aluminium packaging, very stable register and second pass printing for finishing effects, in addition to benefits of the MPS Performance Program. However, due to...
Hindalco Industries Limited has reduced its aluminium products price today. With effect from Wednesday, 24 February 2021, wire rods price stands at INR 189,350 per tonne, a drop of INR 1,750 per tonne from INR 191,100 per tonne on February 19. The company is selling its aluminium billets and aluminium ingot price at INR 185,350 per tonne and INR 178,250 per tonne as of Wednesday, 24 February 2021. That was down 1 per cent each from INR 187,100 per tonne and INR 180,000 per tonne on February 19. 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 operations of the company,...
Three-month LME aluminium fell to an intraday low of US$2,126.5 per tonne before regaining some ground to settle 0.97% lower at US$2,154 per tonne on Tuesday, with open interest adding 2,813 lots to 697,000 lots. As of Tuesday, February 23, LME aluminium cash (bid) price stands at US$ 2136.50 per tonne, LME official settlement price stands at US$ 2136.50 per tonne; 3-months bid price stands at US$ 2148.50per tonne, 3-months offer price is US$ 2148.50per tonne; Dec 22 bid price stands at US$ 2202.50per tonne, and Dec 22 offer price stands at US$ 2202.50per tonne. The LME aluminium opening stock stood at 1343075 tonnes. Live Warrants totalled 1125075 tonnes, and Cancelled Warrants were 218000 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2169per tonne. SHFE...
The average alumina spot price in China has slipped by RMB 18 per tonne to stand at RMB 2,344 per tonne on Wednesday, February 24, after two consecutive days of restraint at RMB 2,362 per tonne on February 22 and 23, found the Shanghai Metals Market. SMM data shows the alumina spot price in Shandong has decreased the highest by RMB 35 per tonne to RMB 2,355 per tonne, while the price in Henan and Shanxi has declined by RMB 20 per tonne to come in at RMB 2,340 per tonne. In Guizhou and Guangxi, the average alumina spot price has inched down by RMB 5 per tonne to peg at RMB 2,360 per tonne. Australian alumina FOB price has continued to remain restrained at US$ 303 per tonne since February 4, 2021, learned SMM. A00 aluminium ingot price has also witnessed a decline today, on February 24,...
On 22 nd February 2021, mining and metal giant Vedanta announced that G R Arun Kumar has resigned from the company as Chief Financial Officer (CFO). However, the company said in a filing to BSE that it will declare the effective date of relieving of Kumar and details of the successor in due course. "The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue a career outside of the Group," Vedanta said. “Kumar has made an invaluable contribution towards the company's growth and its transformation journey during his tenure of close to eight years”, Vedanta added. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business...
ALVANCE Aluminium Duffel BV has announced the supply of the first coils certified under the Aluminium Stewardship Initiative (ASI) Chain of Custody standard. The company will ship coils to the Audi plant in Neckarsulm for the Audi A6. “The ASI Chain of Custody standard ensures that not only the operations at the facility in Duffel meet the ASI standards, but also that the aluminium material has been sourced and produced in a responsible and sustainable way across the entire supply chain, from the extraction of bauxite up to the finished product,” said ALVANCE Aluminium Duffel. “At Audi, we believe in the power of collaborative action for sustainability. Having partners like ALVANCE is key for the implementation of ASI-certified value chains or setting up resource-efficient processes like...
According to a recent report, NanoAL, LLC, the US-based materials research and technology company, has entered a Commercial License Agreement with Mitsubishi Corporation RtM Japan Ltd. (RtMJ) to bring its award-winning Addalloy® family of advanced aluminium alloy powders to the Metal Additive Manufacturing (AM) Market in Asia. The companies have also signed a letter of intent for potential partnerships on other NanoAL advanced aluminium alloy products, including casting and rolled sheets for the automotive and other industries. “This announcement is an enormous signal of the market need for Addalloy powders. In partnership with RtMJ, a wholly owned subsidiary of Mitsubishi Corporation, a global integrated business enterprise, we will now be able to reach across the globe to deliver the...
