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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The United States aluminium scrap exports to Malaysia stood at 44,800 tonnes in October 2020, recording an increase of 7,200 tonnes or 19.15 per cent M-o-M after two consecutive months of decline. In September, the United States exported 37,600 tonnes of scrap to Malaysia, down by 8.96 per cent month-on-month; while in August, the exports decreased 15.54 per cent from 48,900 tonnes in July to 41,300 tonnes. In the first ten months of the year, the United States aluminium scrap exports to Malaysia totalled 338,000 tonnes of aluminium scrap, 56.48 per cent higher than 216,000 tonnes during the corresponding period last year. On a year-on-year calculation, the United States aluminium scrap exports to Malaysia edged 4,700 tonnes or 11.72 per cent higher than 40,100 tonnes. Malaysia was the...
Hindalco Industries Limited has cut its aluminium products price following a hike of INR 2,250 per tonne on Saturday. With effect from Tuesday, 12 January 2021, wire rods price stands at INR 181,850 per tonne, a decline of 0.82% from INR 183,350 tonne on January 09. The company is selling its aluminium billets at INR 177,850 per tonne on January 12, down INR 1,500 per tonne from INR 179,350 per tonne on January 9. Aluminium ingots price has declined to come in at INR 170,750 per tonne. 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, excluding those...
As per Deloitte Insights, the recovery in the Brazilian economic activity in the third quarter of 2020 is welcome news for a country that is trying to shake off a tragic year as COVID-19 continues to infect people and claim lives. However, it is too early to predict the nature of the economic rebound or even if it will continue, as, in other countries, the economic outlook in Brazil will depend on the trajectory of the pandemic. The largest country in South America has recorded with the export of 16,523 tonnes of aluminium household articles and the revenue earnings stood at $148.20 million. The export for 2020 stood at 13,606 tonnes and the earnings remained at $134 million. When the aluminium household articles export volume and earnings for 2020 get added with the previous two years,...
Ball Corporation has supplied recyclable aluminium bottles for Lofoten Arctic Water, a natural premium water from Norway’s Lofoten Islands. Lofoten Arctic Water team has selected Ball’s Alumi-Tek aluminium bottles to avoid micro-plastics polluting waterways and conserve natural resources. The blue, white and red bottles, recalling the Norwegian flag were designed by Strømme Throndsen Design and produced by Ball Corporation. The range has also won ‘Best Natural Still’ and ‘Best Natural Sparkling’ waters at the 2020 Zenith Global Water Drinks Awards, together with the ‘Best in Can’ packaging award. These aluminium bottles, which carries the ‘Metal Recycles Forever’ mark, will be initially launched in Norway, France, Germany, Taiwan and the UK. Ivar S. Williksen, CEO Lofoten Arctic Water,...
Dr Mark Cooksey has permanently joined Australian Bauxite Limited’s technology subsidiary ALCORE Limited (Alcore). The news came on Wednesday, January 13, after ABx announced officially. Dr Cooksey first joined Alcore in January 2020 as a General Manager and became CEO in the next seven months on August 24, 2020, on a leave arrangement from Australia’s national science agency, CSIRO. However, his current position in Alcore is permanent, with the key responsibility of leading the development and commercialisation of a new process for aluminium fluoride (AlF3) production. Dr Cooksey has vast experience in research, development, and commercialisation of new processes in the minerals and metals industry. He started his career as a Research Engineer in aluminium smelting with Comalco (now Rio...
SMM aluminium ingot price registers a drop for the third day in a row. The price stands at RMB 14900 per tonne on Wednesday, 13 January 2021, a decrease of RMB 150 per tonne from Tuesday’s price of RMB 15050 per tonne. The price and is expected to move within a range of RMB 14880-14920 per tonne. In Foshan and Wuxi, the price has inched down by RMB 230 per tonne and RMB 160 per tonne to stand at RMB 14820 per tonne and RMB 14840 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 14855 per tonne and 14830 per tonne, down RMB 155 per tonne and RMB 190 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have declined to stand at RMB 14860 per tonne, RMB 14870 per tonne, RMB 14930 per tonne, and RMB 14780 per tonne. The aluminium alloy (ADC12)...
Benchmark aluminium price on the London Metal Exchange stood 0.87 per cent higher on Tuesday, January 12. As of Tuesday, January 12, LME aluminium cash (bid) price and LME official settlement price surged by US$ 17.50 per tonne to US$ 2025.50 per tonne, following a plunge in the previous day from US$ 2029.50 per tonne to US$ 2008 per tonne. 3-months bid price and 3-months offer price stood at US$ 2025 per tonne, up by USS$ 15 per tonne. Dec 21 bid price and Dec 21 offer price rebounded to US$ 2099.50 per tonne. The LME aluminium opening stock declined from 1305825 tonnes to 1298075 tonnes. Live Warrants totalled 1185150 tonnes, while Cancelled Warrants 112925 tonnes. LME aluminium 3-months Asian Reference Price hovered at US$ 2010.88 per tonne. SHFE Aluminium Price Trend Benchmark...
Anil Agarwal’s Vedanta Aluminium & Power, India’s largest producer of the aluminium and value-added products, has secured a double win at the recently concluded 59 th Association of Business Communicators in India (ABCI) Awards 2020. Vedanta Aluminium & Power Business bagged the Bronze Award for ‘PR Campaign for Reviving Dhokra Art’ under Social Responsibility Communication category. However, Vedanta’s subsidiary Bharat Aluminium Company Ltd. (BALCO), India’s iconic aluminium producer won the Bronze Award for its daily e-magazine ‘BALCO Today’ under E-Zine category. Mr Ajay Kapur, CEO – Aluminium & Power Business and Managing Director said: “Vedanta strives to enable its communities in the areas where it operates to become empowered and self-reliant participants in the economic progress...
The Board of Director of Aluminum has unanimously elected Mr Guillaume de Goÿs, Chief Operating Officer of Alvance as the new Chairman of Aluminum France. Mr de Goÿs takes the place of Jean-François Faure, General Manager Aluminum Technology at Rio Tinto and held the position of Chairman of Aluminum France for 3 years. The entire Board of Directors thanked Jean-François Faure for his mission within the profession and it is his mandate that made it possible to reposition the aluminium industry within major French industrial professional organizations and to increase its visibility with stakeholders. This positioning allowed the profession to be very responsive in managing the Rusal crisis of 2018 and that of COVID-19 in 2020. Guillaume de Goÿs will be desirous to continue the work...
The Aluminium Stewardship Initiative has certified Hydro’s aluminium extrusion plant in Tønder, Southern Denmark, with its both Performance Standard Certification and Chain of Custody Standard. The certification covers the Tønder plant’s production of aluminium solutions, including extrusion and fabrication activities, and surface treatment. “It is great seeing how our hard work during this difficult year has been rewarded. ASI Certification represents a new step in our sustainability agenda, and it supports our customer demands for aluminium products that are sourced and produced responsibly,” said Mette Boye Sørensen, the plant manager. Hydro’s aluminium extrusion plant in Tønder develops and produces over 25,000 tonnes of aluminium profiles annually with two extrusion lines. The plant...
Hydro and Nuvosil have commenced an industrial pilot project on new technology for recycling of aluminium and silicon that could reduce processing costs by up to 50% and energy consumption up to 90%. The recycling technology is supported by research and industrial partners SINTEF, NTNU, Cemtec (Austria) and Reifenhauser (Germany) in the Low Energy Recycling (LER) project. “The core element of the technology is a unit for screw extrusion of metal materials. During the project the partners aim to build, test and qualify a commercial-scale version of the extruder, in addition to confirming scalability of other associated components and process steps,” Hydro said. “We are very encouraged to kick off the industrialization of the Hydro laboratory screw-extruder technology, which has been tested...
AMAG, the leading Austrian premium supplier of high-quality aluminium cast and flat-rolled products has been awarded “Gold Star” certification for its sustainability performance by the independent, internationally recognized sustainability and CSR assessment platform EcoVadis. AMAG scored 69 points in total, placing it in the top 2% of all evaluated companies in the precious metals and other non-ferrous metals category. Gerald Mayer, CEO, AMAG said: “Verifiable sustainability is a pivotal element of our corporate strategy and also plays an important role for our customers. This result shows that we don’t just pay lip service to sustainability, but factor it into all our processes. It reaffirms our continued and systematic commitment to our sustainability strategy.” AMAG deals with varied...
Noranda Alumina, a subsidiary of New Day Aluminum Holdings, has reported the strongest production figure in over three years for the last six months. Despite numerous challenges like the COVID-19 pandemic, depressed market conditions, and historically active hurricane season, the refinery successfully produced 590,000 tonnes (approx.) of alumina in the second half of 2020, equating to an annual output of 1.18 million tonnes. In addition, Noranda Alumina achieved no recordable injury during the production in more than last six months, marking the year 2020 as the second safest one in 35 years on a Total Recordable Incident Rate (“TRIR”) basis. “The improved results in such a challenging environment are a testament to the strategy executed and investment made by the New Day ownership team,...
Vedanta has reduced its aluminium products price after hiking it on January 9. With effect from Tuesday, 12 January 2021, the prices of some aluminium ingots are in the range of INR 170,500-183,500 per tonne, marking a decline of INR 1,500 per tonne from INR 172,000-185,000 per tonne on January 09. The company’s billet price now stands at INR 178,500 per tonne on Tuesday, 12 January 2021, a decrease of INR 1,500 per tonne from INR 180,000 per tonne on January 09. 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...
The United Steelworkers (USW) has approved five-year collective bargaining contract with Constellium to end strike at Second Street production facility. Around 400 members of Local 200 will start returning to work on January 12, 2021. USW was on strike at Constellium aluminium plant because of unfair labor practices. "Together, we took a stand on Constellium's attack on our members' seniority rights," USW District 9 Director Daniel Flippo said. "Our solidarity provided the protection that was able to be achieved, and we look forward to working with this strong and vibrant, engaged membership in the future." The USW member started the strike on December 15, 2020 after months of negotiations with management failing to bargain to a fair, acceptable agreement despite extending the previous...
The United States aluminium crude metal and alloys imports from Canada increased by 7,000 tonnes or 4.64 per cent month-on-month in October 2020 to stand at 158,000 tonnes, found the Shanghai Metals Market. In September, the US imports from Canada stood at 151,000 tonnes, recording a plunge of 26.34 per cent from 205,000 tonnes in August 2020. In July, the United States imported 206,000 tonnes of aluminium crude metal and alloys, meaning the import volume remained almost flat in August. During January-October 2020, the United States aluminium semis imports from Canada totalled 1.99 million tonnes, up by 117 per cent year-on-year from 916,000 tonnes. The United States total aluminium imports (including aluminium flat rolled products and scrap) from Canada came in at 214,000 tonnes in...
Benchmark aluminium price on London Metal Exchange declined by 1.06 per cent on Monday, 11 January 2021, standing at US$ 2008 per tonne. The price was US$ 2029.5 per tonne on Friday January 8. As of Monday January 11, LME aluminium cash (bid) price stands at US$ 2008 per tonne, LME official settlement price stands at US$ 2008 per tonne; 3-months bid price stands at US$ 2008 per tonne, 3-months offer price is US$ 2008 per tonne; Dec 21 bid price stands at US$ 2079.50 per tonne, and Dec 21 offer price stands at US$ 2079.50 per tonne. The LME aluminium opening stock stood at 1305825 tonnes. Live Warrants totalled 1185150 tonnes, and Cancelled Warrants were 120675 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2005.21per tonne. SHFE Aluminium Price Trend Benchmark...
A00 aluminium ingot price in China has recorded the highest downfall of January 2021 and the second-highest since the fall of RMB 430 per tonne on December 21, as of Tuesday, January 12. According to Shanghai Metals Market data, the price has plunged by RMB 350 per tonne to stand at RMB 15,050 per tonne. The average prices are expected to range between RMB 15,030 per tonne and RMB 15,070 per tonne, with spot contract to be traded at a premium price of RMB 20 per tonne, down by RMB 40 per tonne from the previous day. Foshan has witnessed the highest fall of RMB 400 per tonne on January 12 to come in at RMB 15,050 per tonne, followed by the decline of RMB 380 per tonne in Chongqing to clock at RMB 15,020 per tonne. In Gongyi, A00 aluminium ingot price has reduced by RMB 360 per tonne to RMB...
