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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Hindalco Industries Limited has significantly increased the prices of its aluminium ingot and aluminium product with effect from Wednesday, December 2, in line with rallied global aluminium benchmark price on the London Metal Exchange. Hindalco is now selling its aluminium ingot at INR 5,500 per tonne higher to 173,000 tonnes, following a cut by INR 2,000 per tonne to INR 167,500 per tonne last week on November 25. With the latest hike, Hindalco’s aluminium wire rod price has come in at INR 184,100 per tonne, also up by INR 5,500 per tonne or 3.08 per cent from INR 178,600 per tonne on November 25. The company’s aluminium billets price has also been raised by the same amount to INR 180,100 per tonne with effect from December 2. Hindalco links its aluminium ingot and aluminium product...
Molson Coors Beverage Company has increased production capacity by more than 400% at its Fort Worth and Milwaukee breweries due to higher sales of Vizzy, Coors Seltzer and Blue Moon LightSky. The company has installed new canning lines and a state-of-the-art filtration system to boost production of the new products as well as other beverages in Molson Coors. “We’ve seen tremendous growth in Vizzy, Coors Seltzer and LightSky since each of these products were introduced earlier this year, and we’re full steam ahead from a production standpoint,” said Brian Erhardt, chief supply chain officer at Molson Coors. “These investments will allow us to keep up with demand as we work to aggressively grow our above premium portfolio and prepare for additional product launches that the revamped Fort...
The economic situation of Argentina remained frightful in Q3 after GDP collapsed in Q2. While the pace of the decline in economic activity softened in July-August from Q2, it remained considerable. Similarly, consumer confidence remained downbeat in Q3, pointing to constrained household spending. The South American nation’s import volume of alumina during 2019-20 is highlighted with 1,421,678 tonnes and the foreign revenue expenditure accounted for the import stands at $470.26 million. However, Argentina's top two major suppliers of alumina are Australia and Brazil. Aluar Aluminio Argentino is the only aluminium smelter in Argentina and one of the largest in South America. Most of Aluar's operations are carried out in the Primary Division at its plant in Puerto Madryn and plates, ingots,...
The latest data of the US Geological Survey found the United States in the third quarter of 2020 imported 789,000 tonnes of crude and dried bauxite. The import volume declined by 45,000 tonnes or 5.40 per cent in Q3 2020, following a hike of 8 per cent to 834,000 tonnes in the second quarter of the year. On a year-on-year basis, the United States bauxite imports in Q3 2020 stood down by 15.07 per cent from 929,000 tonnes. In the entire nine months of 2020, the United States crude and dried bauxite imports totalled 2.4 million tonnes versus 3.71 million tonnes during the same period last year. So, the United States imports in nine months recorded a decline of 35.31 per cent year-on-year. Jamaica remained the mainstay as a bauxite exporter to the US, supplying 728,000 tonnes of crude and...
Benchmark aluminium price on the London Metal Exchange rose by 0.29 per cent to US$ 2051.5 per tonne on Wednesday December 2. That was up from US$ 2045.5 per tonne on Tuesday. As of Wednesday December 2, LME aluminium cash (bid) price stands at US$ 2051.50 per tonne, LME official settlement price stands at US$ 2051.50 per tonne; 3-months bid price stands at US$ 2062 per tonne, 3-months offer price is US$ 2062 per tonne; Dec 21 bid price stands at US$ 2076.50per tonne, and Dec 21 offer price stands at US$ 2076.50 per tonne. The LME aluminium opening stock stood at 1364175 tonnes. Live Warrants totalled 1173150 tonnes, and Cancelled Warrants were 191025 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2076.62 per tonne. SHFE Aluminium Price Trend Benchmark aluminium...
A00 aluminium ingot price in China has decreased by RMB 230 per tonne to stand at RMB 16,850 per tonne, as of Thursday, December 3, following six consecutive days of hike from RMB 15,930 per tonne to RMB 17,080 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 16,830 per tonne and RMB 16,870 per tonne, with spot contract to be traded at a premium price of RMB 70-130 per tonne, down by RMB 20 per tonne from the previous day. Primary aluminium ingot price in Foshan has seen the highest plunge of RMB 260 per tonne to RMB 16,920 per tonne, followed by the decline of RMB 240 per tonne in Wuxi to stand at RMB 16,850 per tonne. In Hangzhou and Chongqing, A00 aluminium ingot price has decreased by RMB 220 per tonne to come in at RMB 16,880...
Press Metal Aluminium Holdings Bhd’s earnings estimates have been raised by the RHB Research. The growth in forecasts is due to rise in aluminium prices on the London Metal Exchange. "PMAH expects the recovery in LME aluminium prices to extend into 2021, due to healthy supply-demand conditions under a reflationary macroeconomic environment. This is underpinned by strong persistent demand by China, which recently became a net importer of primary aluminium, amid tightening supply," according to the RHB. Press Metal’s estimates earnings rose by 9% for FY21 to FY22 in tandem with higher alumina and carbon anode raw material prices. "We anticipate sequential core earnings improvement in 2HFY20 (3QFY20F: RM110 million-130 million) in tandem with higher aluminium prices as well as recovery in...
MQP, the global leader in the development, manufacture and application process of grain refinement in aluminium alloys has brought on board metallurgist Dr Shervin Tabrizi new technical manager to take its mission to improve metal quality across global manufacturing to the next level. MQP, the producer of grain refiner for casthouses producing aluminium billets and slabs for manufacturing sectors including foil, extrusions and the aerospace and automotive industries. In the aluminium industry, grain refiner is integral to the process to enable the highly-efficient metal to solidify without cracking and control microstructure. This, ultimately, reduces waste and the energy burden on the environment. Dr Shervin’s pivotal responsibility will be to reform productivity, manage quality...
According to a Reuters report, the premium for aluminium shipments to Japanese buyers has been set at $138-$140 per tonne for January-March. The premium marked an increase of 57-59 per cent from this quarter, reported sources involved in market pricing. The increase in premium was due to recovery in demand, especially from automakers as well as tight supplies. "We have received one offer at $138 a tonne and another at $140 a tonne last week," according to the sources at a Japanese trading house. Japan is the biggest importer of aluminium in Asia and the premiums it agrees to pay for primary aluminium shipments for each quarter over the cash price settled at the London Metal Exchange (LME) set the benchmark for the region. Japanese buyers had agreed to pay a premium of $88 per tonne for...
Naivedya Agarwal, son of Navin Agarwal, Chairman of Vedanta Limited, India’s leading producer of aluminium, founded Runaya in 2017 to seize the market of aluminium dross, which now pulls in around INR 150 crore turnovers. The second most used metal in the world is aluminium, which has an annual consumption of around 88 million tonnes including scrap and it is considered as a vital sector of the Indian economy that boasts of vast mineral potential. The domestic aluminium exports registered growth by 18.2% from 1.724 million tonnes in 2017-18 to 2.038 million tonnes in 2018-19. As India is envisaged to pursue to be among the major centre of primary production growth, there is a need to provide sustainable solutions for the dross generated as the by-product in the processing of aluminium....
Shri Bijay Kumar Das has been elevated to the Director (Production) at the Navratna CPSE National Aluminium Company Limited (NALCO), with effect from December 1, 2020. Shri Das was serving NALCO as Executive Director (Projects) at Corporate Office, Bhubaneswar. The association of Mr Das with NALCO dates back to 1984 as a Graduate Engineer Trainee. Shri Bijay Kumar Das completed his graduation in Mechanical Engineering from NIT, Rourkela (Formerly REC) and joined NALCO in its Captive Power Plant in Angul since the inception of the project. He held many key positions in the Plant before taking over the challenging assignment of Business Development of the Company. Shri Das then subsequently became the General Manager (Corporate Planning & Strategic Management) with the responsibility to...
India’s imports of aluminium scrap from the US came in at 35,500 tonnes in September 2020, with a month-on-month increase of 31%. India had imported 27,000 tonnes in August 2020. On a yearly, basis, imports dropped by 67% from 21,000 tonnes in September 2019, as updated by the US Census Bureau. In the first nine months of 2020, India imported 207,000 tonnes of aluminium scrap, from 196,000 tonnes imported in the first nine months of 2019. That was up by 6% or 11,000 year-on-year. India’s imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 35,600 tonnes in September 2020. Imports climbed by 66% from 21,400 tonnes in September 2019 and 30% from 27,300 tonnes in August 2020. In the first nine months of 2020, total imports came in at...
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National Aluminium Company Limited (NALCO) has expanded the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 1, following a cut last week on November 26. Since the latest hike on December 1, NALCO’s aluminium ingot price has come in at INR 173,850-177,350 per tonne, up by INR 5,600 per tonne or 3.33 per cent from INR 168,250-171,750 per tonne last week. NALCO is also selling its aluminium wire rod at INR 5,600 per tonne higher at INR 177,350-181,700 per tonne, compared to INR 171,750- 176,100 per tonne on November 26. The company’s aluminium billets price is standing at INR 177,300-178,800 per tonne, also up by INR 5,600 per tonne from INR 171,700- 174,350 per tonne, as of November 26. NALCO has increased its aluminium prices in line with the rallied...
The economy of Czech Republic was described as "one of Europe's most flourishing economies". The Czech statistical office has released a preliminary estimate of 3Q GDP growth, which came in at 6.2% QoQ after an 8.7% fall in the second quarter. Markets expected weaker growth at around 5%, so a somewhat positive surprise. The second wave of the Covid-19 pandemic will move the Czech economy to contract again in 4Q. The Central European nation’s import of aluminium cans during 2018-19 was recorded at 29,798 tonnes and the expenditure remained at $130.80. The import for 2020 is marked at 30,300 tonnes and the expenditure to stand at $81.97 tonnes. However, when the import volume and expenditure of 2020 gets added with the previous two years, it signifies 60,098 tonnes and $212.77 million...
Abstract: Guinea with bauxite potential of about 40 billion tons is the largest aluminium ore exporter in the world today. During 2019, the country exported about 70 million tons of bauxite, which is likely to exceed 110 million tons by 2021. This may substantially change the present bauxite market and significantly affect other bauxite producing countries of the world. Guinea exports one of the best and low-cost metallurgical grade bauxite in the world today. The ore is natural low silica (2.5%), medium alumina (44-46%) gibbisitc bauxite, where reactive silica is only 1.2 to 1.5%, which makes this one of the best aluminium ore in the world. The present paper describes bauxite geology, basic characteristics, current and future bauxite mining, infrastructure developments and export from...
Ardagh Group has delivered 250ml slim cans for a new wine can subscription service Kiss of Wine based in Germany. Ardagh Wine Can, which comes in a light and attractive pale gold, displays designs with fun names to help consumers match wines to any mood or occasion. These wines are available through a delivery service. Kiss of Wine are delivering to Germany and the UK, and will expand to Scandinavia in early 2021. It comes in eight styles: Zesty (Riesling), Feisty (Nebbiolo), Chill (Grenache rosé), Wild (Dolcetto), Crisp (Sauvignon blanc), and Smooth (Chardonnay), with sparkling versions of Chill and Zesty finishing the list in a party mood. “Wine drinks are so delicate that we developed a special can for wine that guarantees taste and quality,” said Adriana Escobar, Product Manager at...
In September 2020, primary aluminium production in the United States extended downfall to stand at 72,000 tonnes versus 80,000 tonnes in August, according to the data recently released by the US Geological Survey. In August, the output was down by 2,000 tonnes month-on-month, but in September, it diminished by 8,000 tonnes or 10 per cent. The average daily production was 2,410 tonnes, 7 per cent less than 2,580 tonnes in August and 17 per cent than in September 2019. Total aluminium recovered from scrap in September 2020 was 271,000 tonnes, almost flat compared with 270,000 tonnes in August 2020. However, on a year-on-year basis, it stood 7 per cent less than in September 2019. Of 271,000 tonnes, 147,000 tonnes of aluminium was recovered from new scrap and 124,000 tonnes recovered from...
