Molson Coors Beverage Company reported a USD 30 million unfavourable impact from Midwest Premium pricing in the third quarter, adding to inflationary pressures across materials, logistics and manufacturing expenses. The brewing company also reported lower-than-expected revenue and reduced its full-year financial outlook, sending its shares down 3.36 per cent in pre-market trading on Thursday. The company reported net sales of USD 2.93 billion for the third quarter, falling short of analysts' expectations of USD 2.94 billion. Revenue declined 1.6 per cent compared with the corresponding period last year, while sales decreased 1.2 per cent on a constant currency basis. The decline was primarily driven by a 3.0 per cent fall in financial volume, partly offset by favourable pricing and sales...
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...
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Three-month LME aluminium rose 1.28 per cent to close at US$ 2,020 per tonne on Monday, January 25, with open interest rising to 740,000 lots. Schumer, the leader of the Senate Majority Party, said that he would strive to launch a round of programs by mid-March at the latest, and the US$ 1.9 trillion stimulus bill faced the risk of delaying. Under the cautious mood, the US dollar index rebounded. It is expected to trade between US$ 1,990 per tonne and US$ 2,050 per tonne today. LME aluminium cash (bid) price and LME official settlement price soared by US$ 36 per tonne to surpass the mark of US$ 2000 per tonne on Monday, January 25. The prices started the week at US$ 2011.50 per tonne versus US$ 1992.50 per tonne on Friday, January 22. 3-months bid price and 3-months offer price stood at...
Century Aluminum Company, a global producer of primary aluminium and operates aluminium reduction facilities in the United States and Iceland supports and praises Executive Order signed into law on 25 th January 2021 by President Biden to support domestic manufacturers, businesses, and American workers. This Executive Order is an essential part of US economic recovery as the nation work to rebuild the critical manufacturing base and domestic supply chains while ensuring that the future is made in America by all of America’s workers. Century Aluminium operates three U.S. aluminium smelters, in Hawesville and Robards in Kentucky and Mt. Holly in South Carolina, and one smelter in Grundartangi, Iceland. Michael Bless, CEO of Century Aluminum, said: “Manufacturing is the backbone of our great...
The clamour for using aluminium alloys in lightweight structures in environmentally friendly vehicles is seriously muted by weldability limitations of aluminium alloys. Welded aluminium alloy structures are weak, inconsistent and do not perform well in corrosive environments or when loaded cyclically in fatigue loading. Thick-thin structures with unfavourable thickness ratios are difficult to weld together. Robotic arc welds are notoriously inconsistent. The aluminium industry needs to lead and facilitate large-scale and high-quality welding technology implementation. They should not depend on the welding houses to do this and not be oblivious to the shortcomings of the vehicle manufacturers’ aluminium welding technology capabilities. Because of these issues, a number of opportunities are...
Performances of the Aluminium Industry are stressed not only to increase productivity while reducing costs, but also to improve environmental protection and preservation. Reduction of carbon footprint across the entire Aluminium production the chain is, therefore, a binding demand to the metal producers. Efficiency improvement in the metal production process well answers the demand to reduce production costs while at the same time protecting and preserving the environment. Recent reports are showing a decrease in the carbon intensity of the Primary Aluminium Production. Europe is leading the ranks in the decrease of the carbon footprint of its primary production. Several projects and studies are focused to reduce the emission of CO 2 and greenhouse gases, being a major challenge for the...
Aluminium is at the very heart of the sustainable industrial revolution, a ‘green’, highly-recyclable metal lauded for its superior physical and chemical properties that can technically last forever. However, elements of the production process are, undeniably, damaging to the environment, the production of grain refiner, for one. As a specialist in the field, the addition of grain refiner in the production of billets and slabs is absolutely vital for eliminating cracking, waste and poor quality material and ensuring better quality finished products. But its manufacture does produce noxious fluoride emissions. To make one tonne of grain refiner, you need 117 kg KBF 4 and 251 kg K 2 TiF 6 . This equates to 368kg of fluoride salts per ton of GR produced, or around 36,800t consumed per year...
By Miles Prosser, Secretary General, International Aluminium Institute Aluminium use has always been driven by the metal’s superior qualities. In the 136 years since the Washington Monument was capped with aluminium in 1884 for its conductivity, colour and non-staining qualities, aluminium has become an integral part of our lives. Seventy-five per cent of all the aluminium ever produced is still in use today, a function of the long lifetimes of many aluminium products, accelerated demand for the metal (particularly post 2000) and high recycling rates. As economies and societies enter a new phase post the Covid pandemic, the expectations on aluminium and our industry are changing, but we are well placed to meet and exceed them. Products will not only have to be fit for purpose, but they...
On 25 th January 2021, Hisham Tawfik, Minister of Public Business Sector announced that “Egypt’s government is warming up to implement the modernisation project of Egyptalum, a national company for aluminium industries listed in EGX as Egypt Aluminium (EGAL).” Tawfik also stated: “US-based Bechtel, the project consultant, is expected to finalise the project’s feasibility study by mid-2021.” “The project includes the replacement of old parts over two phases and adopting new technology that uses less electricity intending to increase the company’s production capacity to reach 250,000 tonnes annually”, according to the minister. Hisham Tawfik added that six international companies participated in the public tender the ministry conducted to provide consulting services and prepare feasibility...
Reynaers Aluminium, the developer of aluminium products for the building sector has unveiled the accomplishment of the luxurious Terhab Hotel & Residences Project in Al Taawun, Sharjah, UAE, adding to a long list of several signature towers in the Emirates. The project incorporates the Five-star Pullman Hotel in addition to the residential apartments. Furthermore, the buildings feature the company’s most demanded curtain wall CW 50-SC variant, which includes structural clamped glazing offering a significant level of design freedom and transparency. Additionally, the CP 130 sliding variant adds versatility and luxury to the two towers of 40 floors. Concept Patio® 130 is a highly insulated slide and lift-slide system, which meets the highest requirements concerning insulation, stability and...
When I joined Vedanta’s aluminium plant over a decade back, it was with the dream to work in one of the greatest aluminium smelters on the planet. Over the three decades of my experience in the Indian manufacturing industry, has allowed me to witness the transformation and evolution of the Aluminium industry into becoming India’s fastest growing metal and with its multiple applications across sectors being well poised to drive India towards becoming a self-reliant nation. The clarion call of an Aatma Nirbhar Bharat (Self-reliant India) from our Hon’ble Prime Minister is seeing Indians working on a war footing to fulfil this vision. The fortuitous offshoot of this has seen the creation of millions of mini entrepreneurs looking to shape their destiny and contribute to India’s future. Today...
The green transition is a business opportunity We often talk about the green transition as something that belongs to the future. But the green transition is happening now and it’s full of opportunities. It’s not about what we have to sacrifice, but rather about new business opportunities that will be both sustainable and profitable. As an energy and aluminium company Hydro has a great responsibility to respond to the megatrends of our time, such as sustainability, electrification and urbanization. Just as important, we also see great business opportunities in applying our capabilities to match these megatrends. Therefore, we spent parts of 2020 establishing a new strategic direction toward 2025, building on our profitability and sustainability agenda. We have a great starting point, with...
Alcoa Corporation revealed a full-year revenue of US$ 9,286 million for 2020 and US$ 2,392 million for the fourth quarter of the year. The full-year revenue stood down by 11 per cent year-on-year, while the fourth quarter revenue stood almost flat quarter-on-quarter. As a consequence, adjusted net income (loss) increased for the full year of 2020 from US$ 184 million in 2019 to US$ 215 million. In the fourth quarter, on the other hand, it decreased 77.52 per cent over the quarter and14.04 per cent on the year. Alcoa’s adjusted EBITDA excluding special items in 2020 stood at US$ 1,151 million, down by 30.50 per cent from US$ 1,656 million in a year ago. In the fourth quarter of the year, it increased by 27.11 per cent quarter-on-quarter from US$ 284 million to US$ 361 million; while over...
Want to reduce greenhouse gas emissions while meeting global aluminium demand? Here are the pathways Delivering emission reductions while meeting growing demand is a challenge to which the aluminium industry must rise in the coming years. However, there’s no simple fix to this, it’s not simply an environmental issue. Economic, political, social, logistical, and technological factors make this a complex process and variations in approaches will be required to deliver a solution. The unique qualities of aluminium make it an essential metal in the consumer goods we use daily, for example in mobile devices, and this is not about to change. There’s an overwhelming reliance on aluminium to make things work and to deliver them. Construction, transportation, telecommunications are just a few...
Efficiency in furnaces tending operations T.T. Tomorrow Technology SpA has been producing machines for more than 20 years for casthouses and anode plants. The board of directors responsible for this joint stock company and its entire staff are well prepared for the new challenges in the aluminium industry and for the new scenario brought about by the Covid-19 pandemic. The high ability to understand the customers’ needs for innovative solution, the flexibility in adapting the products, the perfect design and high-quality components characterize the company. This article describes the advantages of the current range of equipment for dross removal and furnace cleaning. T.T. Tomorrow Technology, which is located in Due Carrare near Padua, Italy, has always been focused on providing the best...
It has been said that quiet is sometimes the best way to control a pandemic. As per Australian Institute of International Affairs, Brunei is Southeast Asia’s most overlooked nation and it has proven its bureaucratic brass and state system functionality, and its success gives credence to its effective leadership and recent reforms in the sultanate. Since its first officially reported case on 9 th March’20, the sultanate has suffered some 141 confirmed cases with only three deaths, while the remaining 138 victims are in recovery as of 8 th July’20. Presently, Brunei has no active cases and has not reported any new cases in two months. Brunei still encounters difficult challenges as it looks beyond the coronavirus pandemic, despite the success over the past few months. The collapse of global...
K2fly, a software company headquartered in Perth, Western Australia, servicing the mining and other allied industries have signed a five-year contract for its RCubed Resource Inventory solution with Alcoa USA, one of the world’s largest bauxite miners with mines in Australia, Brazil, Guinea and Saudi Arabia. K2fly offers enterprise-wide technical assurance software to support organisations deliver enhanced environmental, social and governance (ESG) outcomes. The SaaS (Software as a service) contract with Alcoa, valued at $573,600, will see the RCubed Resource Inventory solution roll out to six sites globally initiating in February 2021. A secure cloud-based platform, RCubed, enables mineral resource & reserve governance, compliance and reporting. The platform lowers overhead and upgrades...
COVID-19 outbreak has been an unexpected global crisis that has resulted in health and social distress across the world in 2020. Like every other industry, this pandemic took its toll on the global aluminium business and Alba was not an exception. The Pandemic reiterated that nothing is more important than our Health and Safety. Alba was swift to deal with this crisis by activating its Emergency Preparedness and Business Continuity Plans, along with proactive COVID-19 initiatives for both employees and contractors’ personnel. Alba’s COVID-19 response was initiated as early as January 2020 and numerous measures were put in place to educate and protect our people -- personal video awareness messages; work-from-home and reduced working-hours; plant-wide temperature checks for all working...
Even with the challenges of 2020, the global aluminium industry and the various markets it supports are coming back, with the automotive industry seeing more demand and packaging production holding strong. As companies focus on “building back better” in the aftermath of the pandemic, the environment remains a crucial priority. Many organizations, including ALTEK, are having conversations with customers regarding what they can do to meet their sustainability objectives. Organizations are still prioritizing sustainability amid COVID-19 because of existing corporate social responsibility goals and mandates they need to meet. The circumstances of the past year prompted many in the industry to reflect on what is important to them and what their values are. Our travel habits changed, we flew...
Average alumina spot price in China has opened the week on Monday, January 25, with a further hike of RMB 9 per tonne to stand at RMB 2,394 per tonne, according to Shanghai Metals Market data. In Shandong, Guizhou, and Guangxi, alumina spot price has increased the highest by RMB 15 per tonne, found SMM. While in Shandong, the price is hovering around RMB 2,395 per tonne; in Guizhou and Guangxi, the alumina price has come in at RMB 2,350 per tonne. In Henan and Shanxi, alumina spot price is stand at RMB 2,400 per tonne and RMB 2,405 per tonne, growing by RMB 10 per tonne and RMB 5 per tonne, respectively. Imported alumina price has extended growth by RMB 20 per tonne to RMB 2,500 per tonne on Monday, January 25, while the Australian alumina FOB price has remained restrained at US$ 306 per...
