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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How One Vehicle Is Driving Casthouses into the Future? With today’s demands on smelters, casthouse operations must be carried out quickly and efficiently, but also safely. Unfortunately, these concepts are often at odds. Casthouses are known for their high-risk factors, frequently tied to molten metal splashes and dangers of related explosions. The good news is that many of these dangers can be reduced, while still improving processes for more efficient operations. Twenty years ago, it might have been bold to think one singular vehicle could adequately perform all casthouse operations and auxiliary tasks. But an approach by Canadian-based Mecfor is helping aluminium manufacturers with its specialized focus and purpose-built tools. Mecfor’s line of multipurpose vehicles (MVR), known as the...
Three-month LME aluminium fell 0.28 per cent to close at US$ 1,994.50 per tonne on Friday, January 22, with open interest rising to 738,000 lots. It is expected to trade between US$1,920-2,030 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased to US$ 1975.50 per tonne from US$ 1992.50 per tonne on Friday, January 22, after the two consecutive days of hike. 3-months bid price and 3-months offer price stood at US$ 1976 per tonne, down by US$ 18.50 per tonne from US$ 1977 per tonne on January 21. Dec 21 bid price and Dec 21 offer price hovered around US$ 2049 per tonne, registering a downfall of US$ 20 per tonne from the previous day. The LME aluminium opening stock slipped to 1416775 tonnes from 1419250 tonnes. Live Warrants totalled 1250650 tonnes,...
On 24 th January 2021, Emirates Global Aluminium, and Geocycle UAE, part of the world's largest building solutions group LafargeHolcim announced that they have signed an agreement to extend their ground-breaking 10-year partnership in creating value from industrial waste in the UAE. Since 2010, EGA has worked with LafargeHolcim to find productive uses in the UAE for spent pot lining, the used inner lining of reduction cells, which is one of the aluminium industry’s most significant waste streams. The two companies jointly developed a technique for pre-processing and then using spent pot lining as an alternative feedstock in local cement manufacturing. LafargeHolcim established Geocycle UAE as a subsidiary focused on pre-processing spent pot lining and other materials. EGA has supplied...
On 22 nd January 2021, the global leader in aluminium rolling and recycling, Novelis Inc., has publicized the name of Chris Courts as Senior Vice President and General Counsel, Corporate Secretary and Compliance Officer. In this role, Courts will have responsibility for all legal matters across the company and serve on the company's Executive Committee. Chris Courts has over 15 years of experience with Novelis, where he most recently served in this role in an interim capacity since March 2020. Before that, Courts served as Vice President, Deputy General Counsel. During his tenure, he has held a series of leadership positions in the legal department, including overseeing intellectual property, contracts management, securities, compliance, governance, corporate secretary, as well as...
The all-new 2021 Rogue, the first global SUV model of Japanese multinational automobile manufacturer, is built using ‘closed-loop’ recycling systems for aluminium parts. The system helps reduction of CO2 emissions when compared with using parts made with primary alloys from raw materials. It also advocates the use of materials that don't rely on newly mined resources, as well as the reduction of waste from factories. However, to support the process, the Japanese auto giant, Nissan has associated with Kobe Steel, Ltd. and UACJ Corp in Japan, and with Arconic Corp and Novelis Inc in the USA. At the nucleus of the closed-loop recycling system is a large pneumatic conveyance system. As hood and doors are stamped into shape, scrap material is shredded and extracted, keeping aluminium grades...
Skoda Vagonka applauds the opening of Europe's largest aluminium machine tool in Ostrava. The device is part of a large investment aimed at significantly increasing and accelerating the production of aluminium-box vehicles. The Skoda Transportation Group announced that the value of investments in the Skoda Vagonka plant in Ostrava, which celebrates its 120th anniversary, has exceeded 100 million crowns. The most important part of the plant's equipment is the aluminium machine tool, the design of which allows you to work with elements with dimensions exceeding the capabilities of standard machines (even up to 39 x 4.5 m). Machining is possible down to a hundredth of a millimetre. Weighing 360 tonnes, the device is almost 50 meters long and 10 meters wide. Adaptation of the new hall to the...
Hindalco Industries Limited reduced its aluminium ingot and aluminium products prices by INR 2,250 per tonne on January 20 but increased a day later by INR 1,750 per tonne. On Wednesday, January 20, Hindalco’s aluminium ingot price had come in at INR 165,750 per tonne, which rebounded to INR 167,500 per tonne on Thursday, January 21. Hindalco’s aluminium wire rod price stood down at INR 176,850 per tonne on Wednesday, January 20, compared to INR 176,850 per tonne on Tuesday, January 19. On Thursday, January 21, the company’s wire rod price rose by INR 1,750 per tonne to INR 178,600 per tonne. Aluminium billets price hovered around INR 172,850 per tonne on January 20, up by INR 2,250 per tonne from INR 175,100 per tonne on the previous day. On January 21, the price increased to INR...
According to Shanghai Metals Market, 6063 aluminium billet inventories gained 1,600 tonnes week-on-week, ending on Thursday, January 21, across the five major Chinese consumption areas. Data shows the inventories this week has come in at 84,300 tonnes versus 82,700 tonnes last Thursday, January 14. The chart below indicates the current status of aluminium billet inventories across China in more details: The growth in aluminium billet inventories on January 21, however, touched only on Wuxi and Changzhou, where stocks grew by 2,300 tonnes and 2,200 tonnes, respectively, to stand at 14,700 tonnes and 10,900 tonnes. In Nanchang and Foshan, 6063 aluminium billet inventories declined 2,000 tonnes and 900 tonnes to come in at 8,500 tonnes and 39,200 tonnes, respectively, whereas in Huzhou, the...
According to the latest data shared by the International Aluminium Institute, world primary aluminium production in December 2020 stood at 5.670 million tonnes, bringing the total output of the year to 65.267 million tonnes. The output in December edged 3.02 per cent higher month-on-month from 5.504 million tonnes and 4.25 per cent year-on-year from 5.439 million tonnes. The year’s total production recorded a hike of 2.53 per cent from 63.657 million tonnes in 2019. China, being the world’s leading primary aluminium producer, produced 3.280 million tonnes in December 2020 compared to 3.207 million tonnes in November 2020. This registers a month-on-month increase of 2.28 per cent in December 2020. On a year-on-year basis, China’s aluminium production in December stood 7.75 per cent higher...
Senegal has remained as an attractive after the COVID-19 pandemic and it is a known fact that Senegal, of all Francophone African countries, indisputably offers a very welcoming environment for foreign investors, and delivers numerous advantages. Senegal is very politically stable and has competitive production costs, a skilled workforce, advantageous geographic location and no restriction on full ownership of a business by foreign investors. The West African nation’s import of aluminium bar rods and profiles during 2018-19 was recorded at 3547 tonnes and the revenue expended for the import stood at $ 11.18 million. The import for 2020 remained at 11,219 tonnes and the foreign revenue expended stood at $24.53 million. However, when the import volume and expenditure for 2020 gets assorted...
The LME complex performed similarly on Thursday, with aluminium advanced 0.84 per cent. Benchmark aluminium price on the London Metal Exchange grew by 0.84 per cent to close Thursday, January 21, at US$ 1992.50 per tonne. LME aluminium cash (bid) price and LME official settlement price continued to increase by US$ 16.50 per tonne to stand at US$ 1992.50 per tonne on Thursday, January 21. 3-months bid price and 3-months offer price stood at US$ 1994.50 per tonne, up by US$ 17.50 per tonne from US$ 1977 per tonne on January 21. Dec 21 bid price and Dec 21 offer price hovered around US$ 2069 per tonne. The LME aluminium opening stock rose to 1419250 tonnes from 1417050 tonnes. Live Warrants totalled 1289300 tonnes, while Cancelled Warrants stood at 129950 tonnes. LME aluminium 3-months Asian...
Lotus’ new manufacturing facility at Hurricane Way, Norwich, has accomplished the first extruded and bonded aluminium chassis. The unit, a chassis for the legendary Lotus Elise, was built for the validation and quality checking of the new manufacturing process. Even though not destined for a conclusive vehicle, it will remain at the factory for testing. As chassis manufacturing volumes rise significantly over the next few months, it will help ensure that the processes adhere to the globally recognised quality standards expected. The new 12,300 m2 facility at Hurricane Way can build several thousand chassis per year. It will produce around 1,500 units for the Lotus Elise, Exige and Evora during 2021. The facility is set to engage 125 highly skilled operatives, technicians and engineers....
The South African Aluminium Company that specializes in rolled products, Hulamin appoints Meganathan (Mark) Gounder as CFO and Executive Director, with effect from 1 st April 2021. Gounder is an experienced finance professional with over 25 years’ experience. He has held various senior finance roles within the Illovo Sugar Group, which involved extensive operational experience across Africa, as well as exposure to Europe, Asia and North America. Laren Farquharson steps down as acting CFO and Gounder to take the charge. As the only major aluminium rolling operation in Sub-Saharan Africa, Hulamin is one of the largest exporters, representing more than 60% of sales. Hulamin Extrusions is South Africa’s leading aluminium extruder and operate the plant from Pietermaritzburg with a sales and...
After a restraint last day at RMB 2,376 per tonne, the average alumina spot price has recorded a growth of RMB 9 per tonne to close the week on Friday, January 22, at RMB 2,385 per tonne, according to Shanghai Metals Market. However, the hike today has not touched upon all the major Chinese cities, except for Guizhou and Guangxi, where the alumina price has jumped by RMB 30 per tonne to come in at RMB 2,335 per tonne. The average prices there are expected to range between RMB 2,320 per tonne and RMB 2,350 per tonne. Imported alumina price has grown by RMB 35 per tonne to peg at RMB 2,480 per tonne, with average prices likely to hover around RMB 2,460 per tonne and RMB 2,500 per tonne, found SMM. Australian alumina FOB price has inched up by US$ 1 per tonne to stand at US$ 306 per tonne....
The Brunel Centre for Advanced Solidification Technology (BCAST), an academic research centre focusing on both fundamental and applied research on advanced solidification processes for metallic materials has joined a significant new multi-million-pound project to help design new light-weight battery casings for the next generation of electric cars. Funded by £3.3 million from Innovate UK, LIBERATE-lightweight innovative battery enclosures using recycled Aluminium technologies aims to use high-strength, low weight aluminium alloys to design a battery enclosure that is 30% lighter than current designs, whilst reducing material costs by up to 60%. The preferred aluminium alloys will blend strength, crash resistance, thermal management and infinite recyclability with a lower weight to make...
National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium products prices with effect from Thursday, January 21. After cutting the aluminium ingot price by INR 2000 per tonne last week on January 16, NALCO this week has narrowed the price by INR 1700 per tonne to INR 167,850-171,350 per tonne. With the latest cut, NALCO’s aluminium wire rod price has come in at INR 171,350-175,700 per tonne, also down by INR 1700 per tonne from INR 173,050-177,400 per tonne on January 16. NALCO’s aluminium billets price is hovering around INR 171,300-173,950 per tonne compared to INR 173,000-175,650 per tonne last week. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
According to Shanghai Metals Market, social inventories of primary aluminium have decreased by 15,000 tonnes week-on-week across eight major Chinese consumption areas, including SHFE warrants, after the past three consecutive weeks of rising. The stocks, as of Thursday, January 21, have come in at 669,000 tonnes compared to 684,000 tonnes on January 14. COVID-induced transport restrictions reduced arrivals of cargoes in Wuxi and Nanhai, resulting in the decline in primary aluminium inventories. The chart below indicates the current status of primary aluminium inventories across China in more details: Shanghai has seen the highest downfall in inventories today of 5,000 tonnes to 82,000 tonnes, followed by the fall of 4,000 tonnes in Nanhai and Hangzhou to come in at 158,000 tonnes and...
Aluminium Stewardship Initiative announced on Wednesday, January 20, that it successfully certified Lotte Aluminium Co, Ltd.’s rolling facility in Ansan, South Korea, against the Chain of Custody Standard. The facility’s operations include rolling, sepa-slitting, and annealing for the production of aluminium foil. Earlier in February 2020, the plant received ASI Performance Standard Certification. Lotte Aluminium’s rolling facility produces aluminium foil dedicated for food packaging, pharmaceuticals, electronic batteries, automotive parts, and construction materials. The ASI CoC Standard sets out requirements for the creation of a Chain of Custody for material that is produced and processed through the value chain into diverse downstream sectors. On certifying Lotte Aluminium against the...
