Hydro and Mercedes-Benz have expanded their long-standing partnership through a new long-term agreement covering the supply of low-carbon primary and recycled aluminium, strengthening efforts to reduce emissions across the automotive supply chain. The agreement will cover at least 10 per cent of Mercedes-Benz's primary aluminium demand and extend beyond 2030. Under the agreement, Hydro will progressively lower the carbon footprint of the primary aluminium supplied to Mercedes-Benz to 3.5 kg of CO2e per kg by 2028. The partnership will also introduce Hydro CIRCAL recycled aluminium, which contains at least 75 per cent post-consumer aluminium scrap, into Mercedes-Benz production from 2027. The agreement builds on the companies' collaboration established in 2022 and provides long-term demand...
Camel Group is investing approximately VND 2.7 trillion (USD 106 million) in a new aluminium packaging factory in Quang Tri, Vietnam, with an annual production capacity of up to 1 billion packaging products. Covering nearly 10 hectares, the facility is being developed in two phases. The first phase involves an investment of around VND 2.3 trillion (USD 90 million) and is designed to produce 700 million units annually. The second phase will receive nearly VND 400 billion (USD 16 million), adding capacity for another 300 million products a year. To learn the growing contribution of aluminium flat rolled products in the packaging sector, explore our report " ALuminium in Packaging: Consumer Trends and Market Dynamics " Le Quang Thinh, a member of Camel Group’s Board of Directors, said the...
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The new filtration process has started working; speciality alumina producer Alteo is permitted to discharge waste-free water at sea. The eight buyers who are in the run will visit the plant site in France next week. The trade unions demand that they incorporate this new data in their offer, fearing that they will abandon the transformation of Bauxite. The takeover firms for the world leader in speciality alumina Alteo in Gardanne might review their offer after the industrialist announced on 31 st August’20 that its discharges at sea now comply with standards. Faced with the difficulties in achieving this filtration objective, capable in particular of eliminating arsenic residues, five of the eight takeover offers in the hands of the Commercial Court of Marseille since 24 th July, intended...
Finally, the wait is over, the registration process is live now for AlCircle’s first-of-its-kind “Global Aluminium Expo 2020”. The COVID-19 pandemic has driven in difficulties to the world and our aluminium industry, but it cannot restrict the industry partners to set back without meeting each other for a long time. This time technology will drive your physical presence and enable you to reach your industry associates to build a stronger network and sustainable business. While we all are positioning ourselves to the new normal, AlCircle team is exploring to break the bonds of restrictions around travel, communication and business. “Global Aluminium Expo 2020” is an AlCircle initiative which aims to bring all players of the aluminium value chain under one roof. This virtual event dated 6...
The economy of Iceland is small and subject to high volatility. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018. Iceland has a mixed economy with high levels of free trade and government intervention. Tourism, aluminium smelting, and fishing are the pillars of the economy. For decades the Icelandic economy depended heavily on fisheries, but tourism has now surpassed fishing and aluminium as Iceland's main export industry. Iceland’s import of aluminium cans during 2017-19 has showcased constant growth, as the export volume recorded during the phase was 3003 tonnes with the expenditures occurred remained at $18.65 million. The projected import for 2020 has been marked at...
Cotton On Foundation, in partnership with Wallaby Water, has announced the launch of Australia’s first 100 percent resealable aluminium bottled water. Aluminium packaging will compete against plastic, cartons and glass packaging as the nation’s most recycled and recyclable packaging alternative for bottled water. Aluminium bottle reduces the product’s carbon footprint through repeated cycles. The aluminium bottle will save 40 tonnes of plastic per year in Australia. “Wallaby aims to play a role in Australia’s transformation to a circular economy by encouraging greater resource recovery and waste avoidance by using 100 percent and infinitely recyclable aluminium cans and bottles. Above all else, our brand is a mouthpiece for education and awareness about the problems caused by discarded...
Damansara Realty Bhd (DBhd) said in a statement that its subsidiary has engaged into a term sheet agreement with YHS Resources Sdn Bhd to commence work on a bauxite mining project in Kuantan, Pahang. The proposed mining activity will be carried out on four plots of land measuring a total of 145 hectares that belongs to Damansara Realty (Pahang) Sdn Bhd (DRP). YHS Resources Sdn Bhd is involved in the business of bauxite mining. As per DBhd statement: "The Term Sheet is also not expected to have any material effect on the earnings per share, net assets and gearing of DBhd for the financial year ending 31 st December’20 as the bauxite mining operation is only expected to commence operation in 2021.” "However, the Term Sheet is expected to contribute positively to the earnings of DBhd Group...
A00 aluminium ingot price slipped by RMB 180 per tonne from Tuesday’s price of RMB 14700 per tonne. The price now stood at RMB 14520 per tonne on Wednesday, 02 September 2020 and is expected to move within a range of RMB 14500-14540 per tonne. In Foshan and Wuxi, the price inched down by RMB 190 per tonne and RMB 170 per tonne to stand at RMB 14570 per tonne and RMB 14520 per tonne. Their average prices are expected to range within RMB 14550-14590 per tonne and RMB 14500-14540 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14530 per tonne and 14550 per tonne, down RMB 160 per tonne and RMB 90 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have decreased to stand at RMB 14565 per tonne, RMB 14540 per tonne, RMB 14520 per tonne, and RMB 14385...
Three-month LME aluminium rose 1.14% to end at US$1,818.5 per tonne on Tuesday. The contract is expected to fluctuate at high levels today amid the weak US dollar index. As of Tuesday September 1, LME aluminium cash (bid) price stands at US$ 1781.50 per tonne, LME official settlement price stands at US$ 1781.50 per tonne; 3-months bid price stands at US$ 1818 per tonne, 3-months offer price is US$ 1818 per tonne; Dec 21 bid price stands at US$ 1892.50per tonne, and Dec 21 offer price stands at US$ 1892.50 per tonne. The LME aluminium opening stock stood at 1550225 tonnes. Live Warrants totalled 1321575 tonnes, and Cancelled Warrants were 228650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1810.84per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
The President of Ghana, Nana Akufo-Addo on 31st August’20 laid the foundation stone for the construction of Foundry and Computer Numerical Control (CNC) Machine Tooling Centre at the Ghana Atomic Energy Commission (GAEC) in Accra. The factory will manufacture tools, spare parts, bolts and nuts and the likes to support agriculture, the oil and gas industry, road construction and the automotive industry. The centre will also help to develop moulds to improve on the manufacturing of machine parts for automotive and agro-processing implements and facilitate cutting-edge research into foundry technology to provide new materials and processes for Ghanaian foundry industries to remain competitive. It will further manufacture metal cast products, largely aluminium, for both the local and foreign...
Russian President Vladimir Putin’s motorcade is set for the new escort motorcycle “The Aurus Escort electric motorcycle”, as per the latest reports. The motorcycle, called just 'Escort', will be the first vehicle to go fully-electric under the Aurus name. Other vehicles in the Aurus line-up include a limousine, a van, and an SUV. The state-backed luxury carmaker produces several special armoured variants of its vehicles for President Putin. The Aurus Escort electric motorcycle is expected to make it to production only by 2022, and so far, only a few images have been released. “Escort’ comes with a tall adjustable windshield and hard case panniers. No particular name or badge appears on the drawings of the motorcycle, and only the designation "Escort" is mentioned. So, it's pretty much...
The new non-profit organization ‘Swiss Aluminum Capsule Recycling’ is an initiative of Nespresso and the Migros coffee roastery Delica AG to contribute to the sustainability of portioned coffee. The two companies are committed to a uniform and efficient recycling solution for aluminium coffee capsules. The goal is to increase the recycling rate in Switzerland to 75%. With the new logo, consumers can see at a glance which coffee capsules can be returned for recycling free of charge at over 3,700 collection points. ‘Swiss Aluminum Capsule Recycling’ invites other manufacturers of aluminium capsules to join the organization. Swiss people prefer aluminium coffee capsules, as aluminium optimally protects the aroma of the coffee and is 100% recyclable. With the non-profit organization “Swiss...
BAGR Berliner Aluminiumwerk GmbH, Europe's leading independent secondary aluminium slab producer, has announced on Tuesday, September 1, that it has started a fully-automated continuous casting line to manufacture high-quality rolling ingots in large widths. On commissioning of the new casting line, Mustafa Güngör, Managing Director of BAGR, said: "Our customers have indicated to us that they would like to purchase high-quality rolling ingots in larger dimensions than we have previously been able to produce. Due to the spatial limitations in our foundry, the planning and construction of the new continuous casting line was extremely complex in terms of technology and organisation. We are therefore proud to have successfully implemented this investment together with our partners. This...
First Partners, a full-service communications consultancy, has bagged the public relations mandate of Vedanta Limited- aluminium & power business. The company’s aluminium operations have operational smelters at Korba (Chhattisgarh) and Jharsuguda (Odisha) and an alumina refinery at Lanjigarh (Odisha). Vedanta’s commercial power generation business is located across India. The consultancy remit spans corporate communications and brand PR support for the company’s Aluminium and Power business units in Odisha, Chhattisgarh and Punjab including the corporate office in the National Capital Region (NCR). The PR mandate followed thorough evaluation rounds involving a multi-agency pitching process, reported prmoment.in. AlCircle brings two-day event for aluminium industry players. We look forward...
Aluminium stocks in Shanghai bonded warehouses increased three times in August from the previous month due to an increase in deliveries followed after the brief opening of arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange in late July. According to Fastmarkets assessment, Shanghai bonded aluminium stocks stood at 7,500-8,000 tonnes on Monday, August 31, higher by 5,000-5,500 tonnes from 2,000-3,000 tonnes on July 31. The aluminium import arbitrage window in China opened on July 30, with profits widening to $33.48 per tonne on August 3 before flipping to a loss the next day and remaining closed since then. AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7,...
Sohar Aluminium achieved a record hot metal production of 390,516 tonnes in 2019, underscoring its ambition to become the benchmark smelter in the Middle East. This production milestone came on the 10 th anniversary of Sohar operations, jointly owned by the Omani government (40 per cent) represented by OQ – Oman’s integrated energy group; Abu Dhabi National Energy Company PJSC (40 per cent), and leading global mining group Rio Tinto (20 per cent). Sohar Aluminium started its production in 2010 with an annual capacity of 390,000 tonnes of high quality aluminium. Hot metal output was up by about 2.8 per cent from the previous year’s high of 379,775 tonnes. In 2017, production slumped to 252,714 tonnes when smelting operations were impacted by a technical glitch. Eng Said bin Mohammed al...
Constellium’s facility in Muscle Shoals has received Alabama’s 2020 Large Manufacturer of the Year. The plant, which has an aluminium rolling facility and a beverage can and automotive recycling center, produces aluminium can sheet and Auto Body Sheet substrate. Known as Element 13, recycling facility is one of the largest recyclers of used aluminium cans in the world and has the capacity to recycle the equivalent of 20 billion cans per year. The award, created by the Business Council of Alabama and the Alabama Technology Network, recognizes the state’s manufacturing enterprises that demonstrate superior performance in customer focus, employee commitment, operating excellence, continuous improvement, profitable growth, and investment in training and retraining employees. “We are proud and...
Prebaked anode price in East China market has edged higher by RMB 80 per tonne after remaining flat at RMB 2930 per tonne since August 3. As of Tuesday, 01 September 2020, prebaked anode price ranged at RMB 2840-3180 per tonne; the average price stood at RMB 3010 per tonne. Prebaked anode prices in Central and Southwest China markets have stood higher at RMB 3100 per tonne and RMB 3210 per tonne, up RMB 90 per tonne and RMB 30 per tonne. Their average prices are expected to range at RMB 2900-3300 per tonne and RMB 3100-3320 per tonne. The prebaked anode spot price in Northwest China has increased by RMB 90 per tonne to stand at RMB 3500 per tonne. The average price is expected to range at RMB 3400-3600 per tonne. Aluminium Fluoride price in China stands at RMB 7850 per tonne on Tuesday,...
Serbia has set its heights on becoming a “developed country with quality living conditions” after the “successful consolidation” of its public finances. The Balkan nation has experienced stable economic growth recently, and the government budget has recorded a surplus for two consecutive years. The World Bank classifies Serbia as a middle-income country and its economy is transitioning from being dominated by the state sector to a market-driven model. The strongest sectors of Serbia's economy are energy, aluminium industry, automotive industry, machinery, mining, and agriculture. The country’s aluminium scrap import during 2017-19 remains unstable, as the import volume recorded stands at 25,111 tonnes and expenditures occurred remained at $34.40 million. The projected import for 2020 has...
According to a recent report, the Odisha Government has designated the hospital of Utkal Alumina International Limited, located at Doraguda village of Kashipur, Rayagada district, as the Covid Care Centre. Aditya Birla Group Company’s Utkal Hospital was earlier being used for institutional quarantine and treatment of asymptomatic COVID-19 patients and those with mild symptoms. The sense of resolve is apparent as the doctors, paramedics and support staff of Utkal Hospital gear up to shoulder this additional responsibility. The hospital is well-equipped with 22 beds, 500 full body suits, N95 masks, three ventilators, respirators, defibrillators. There are also 2 ICU beds and 22 general beds, with an ambulance on standby. So far, about 50 people have been cured and discharged from the...
