Shareholders of Slovenia's Impol 2000 are set to consider a proposal to bring the company's shares onto a regulated market, potentially opening up trading opportunities while introducing tighter corporate disclosure requirements. The proposal will be discussed at a shareholders' meeting scheduled for December 3. Impol 2000, which owns Impol Group, the country's largest producer of aluminium semi-finished products, says the move is intended to improve the ease and speed of share transactions. However, entering the regulated market would also require the company to meet additional transparency standards and comply with rules governing related-party transactions. As of October 29, Impol 2000 had 1,066,767 ordinary, freely transferable, registered no-par value shares. Of these, 979,887...
Italian aluminium window and door components manufacturer Master Group has unlocked a new chapter in its growth strategy as European private equity platform Equinox IV acquired a 60 per cent stake in the company. The investment, made in partnership with the founding Loperfido-Lacatena family, is aimed at reinforcing Master’s international expansion, boosting its production capacities and pursuing strategic acquisitions, with the ambition of building a leading European industrial group. The acquisition is the second investment in Equinox IV’s log book. The Loperfido-Lacatena family retains a 40 per cent stake, with co-founder and CEO Michele Loperfido would continue to lead the business alongside his children, Annacarla and Stefano, and the existing senior management team. To know the...
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Three-month LME aluminium closed 2.02 per cent higher at US$ 1,744.5 per tonne on Monday, August 3. Both LME aluminium cash (bid) price and LME official settlement price, as of Monday, August 3, decreased by US$ 6 per tonne to stand at US$ 1679.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1718.50 per tonne, registering a downfall of US$ 3.5 per tonne from US$ 1722 per tonne on July 31. Dec 21 bid price and Dec 21 offer price remained restrained at US$ 1796 per tonne. The LME aluminium opening stock decreased from 1637425 tonnes to 1632175 tonnes. Live Warrants hovered at 1375600 tonnes, while Cancelled Warrants at 256575 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 1709.09 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
Pennex Aluminium Company has made public the appointment of Chuck Stout as New President of Pennex Extruded Products Division. Chuck has been promoted to President from General Manager in the organisation. In his new role, Stout will be responsible for the overall strategic, financial, commercial, and operational functions for the extruded products businesses in Wellsville and York, Pennsylvania and Leetonia, Ohio. Chuck Stout, a veteran of the US Navy, joined Pennex in 2016 as General Manager of the Leetonia, Ohio location. He has an impressive background in the manufacturing industry including roles as Plant Manager and Vice President of operations. His office will remain in Leetonia. According to Stout, “It is an honour to take the reins of a very successful extrusion business and lead...
Australia’s industrial carbon emissions released by the alumina refineries counted to be around 27%, where fossils fuels are burned to heat the procedure. However, concentrated solar thermal (CST) could deliver up to half of the heat required. Australian researchers have for the first time demonstrated a novel solar reactor for calcined alumina, a process which typically occurs at approximately 950°C. The researchers have shown at lab scale that good conversion – up to 96% – can be achieved in this high-temperature solar calciner for 3 seconds – without preheating. This shows that with preheating, a good conversion may be technically feasible at large scale. Besides, the use of solar in itself has the potential to improve the quality of the alumina by avoiding contamination from...
The United States aluminium imports (including scrap) in May 2020 stood at 423,000 tonnes, registering a downfall of 5.16 per cent from 446,000 tonnes in April, found the latest date of the US Geological Survey. The imports in April were significantly up by 59.29 per cent from 280,000 tonnes in March. In February, the United States aluminium imports were 238,000 tonnes, up month-on-month by 63 per cent from 146,000 tonnes. The imports in March, on the other hand, were 17.65 per cent higher than in February. This shows that the aluminium imports by the United States grew month-on-month until recorded a downfall in May. When compared to the same period last year, the US aluminium imports in May 2020 were down by 11.51 per cent from 478,000 tonnes. In total five months of the year, the US...
The dual enterprising New Zealanders have successfully launched a Kick-starter campaign to fund the widespread release of their functional, stylish, and precision-engineered pens. The campaign was floated on 22 nd July’20 and within the next 24 hours, they were fully funded. However, the campaign will run until 21 st August’20 and they are offering Kick-starter exclusive discounts on their pens. The Flagship Surrokko Aluminium Fountain and Rollerball Pen were created by Damon Kostidis and Paul Guinibert, who share a passion for design and wanted to improve upon the common office pen. The duo also wanted to diminish the use of cheap, disposable plastic pens that often end up in a landfill. Damon had learned about the importance of always having a pen from his days in the military, which...
The closedown of Rio Tinto’s Tiwai Point Aluminium smelter in New Zealand won’t create any deep impact on the prospects of local manufacturers that count on aluminium to manufacture products. This has been reported by the two popular firms in the industry Ullrich Aluminium and Stabicraft Aluminium boats. The makers of a vast range of aluminium products for marine, industrial, commercial, domestic and designer applications, Ullrich Aluminium employs around 300 staff in New Zealand and the approximately same number in Australia. Gilbert Ullrich, CEO, Ullrich Aluminium said: “We won’t run out of aluminium; that is what some of our customers are ringing to ask.” He also said: “The Company already sourced some of its aluminium from smelters in other countries including Australia and Qatar, and...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for second time in a row. With effect from Saturday August 1, NALCO's aluminium ingots price stood at INR 145,700 – 149,150 per tonne, registering a hike of INR 200 or 1.39 per cent from INR 143,700-147150 per tonne on July 24. The company is selling its aluminium billets at INR 149,350- 151,750 per tonne. The aluminium wire rods price came in at INR 149,150-153,500 per tonne. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far in 2020 due to slower global demand following the coronavirus outbreak. NALCO’s aluminium products and alumina account for nearly two-thirds of the...
The latest report from the United States Geological Survey shows the primary aluminium output in the US in May 2020 stood at 96,000 tonnes, up 4,000 tonnes or 4.35 per cent from 92,000 tonnes in April. On a year-on-year comparison, the production in the US in May stood higher by 2,000 tonnes or 2.13 per cent. The average daily production in May 2020 was 3,090 tonnes, essentially unchanged from that in April 2020 but slightly more than that in May 2019. In April 2020, the average daily primary aluminium production in the US was 3,060 tonnes and in May 2019 was 3,040 tonnes. However, in comparison with May 2018, the daily production in May this year was 31 per cent higher. Total aluminium recovered from scrap in May 2020 was 231,000 t, 6 per cent less than the amount in April 2020, 19 per...
US dollar plunged last week. Nonferrous metals prices on the LME were mixed on Friday July 31. LME aluminium fell 0.84%. Three-month LME aluminium closed 0.84% weaker at US$1,710 per tonne on Friday in choppy trading. As of Friday July 31, LME aluminium cash (bid) price stands at US$ 1685.50 per tonne, LME official settlement price stands at US$ 1685.50 per tonne; 3-months bid price stands at US$ 1722 per tonne, 3-months offer price is US$ 1722 per tonne; Dec 21 bid price stands at US$ 1796 per tonne, and Dec 21 offer price stands at US$ 1796 per tonne. The LME aluminium opening stock stood at 1637425 tonnes. Live Warrants totalled 1382325 tonnes, and Cancelled Warrants were 255100 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1727.51per tonne. SHFE Aluminium...
FYI Resources Limited said that it completed stage two production trial of high purity alumina from its pilot plant facility in Welshpool, Western Australia, following several positive feedback and multiple requests from various potential offtake groups for additional HPA product, which will specially assist in the qualification process for the LED lighting and lithium-ion battery (LiB) markets. FYI Resources’ pilot plant in Welshpool operated in line with expectations and design parameters, including recoveries, providing validation of the previous excellent operational performance during stage one operations. FYI managing director Roland Hill said, “We are incredibly pleased with the outcome of the stage two pilot plant trial production run. This is another significant step up in terms...
According to the Shanghai Metals Market, the prebaked anode price in East China has recorded a hike of RMB 180 per tonne to stand at RMB 2,930 per tonne on August 3, marking a rise in the last one month since an increase of RMB 80 per tonne to RMB 2,750 per tonne on July 1, 2020. The average prices are expected to range between RMB 2,760-3,100 per tonne. In the central, the price has grown by RMB 235 per tonne to come in at RMB 3,045 per tonne on August 3. The average prices are expected to range between RMB 2,890-3,200 per tonne. But despite the surge in the prebaked anode price, the A00 aluminium ingot price has shrunk by RMB 110 per tonne to RMB 14,880 per tonne, as of August 3, following a restraint at RMB 14,990 per tonne on July 31. The average prices are expected to range between...
The major industries that contribute to the economy of South Africa are mining, automobile manufacturing, metalworking, machinery, textiles, aluminium, iron and steel, chemicals, fertiliser, foodstuffs, commercial ship repair. South Africa’s export of aluminium scrap remains dwindling during 2017-20. The export volume has been recorded at 123,332 tonnes during 2017-19 and the revenue generations stood at $386.46 million. The projected export volume for 2020 has been analysed at 45,200 tonnes and the earnings to reach $221.06 million. However, when the export volume and income for 2020 get assorted with the previous three years, it exhibits 168,532 tonnes and $ 607.52 million respectively. In 2017, South Africa’s aluminium scrap export has been recorded with 21,925 tonnes and revenue...
Poralu Marine, the world’s leading aluminium port installer is opening a new sales office in Mexico and emphasizing the diversification of its activity. Born from a family entrepreneurial adventure, Poralu Marine grew up following in the footsteps of artisans, until it became an international industrial group. Retaining its pioneering DNA, it has gradually acquired cutting-edge skills. Developing unique solutions and equipment for the boating industry is the key business of Poralu Marine. The company has designed, built and installed equipment in more than 8,000 port facilities around the world - including the famous floating and opening gangways used at boat shows. The French-based company, which specializes in the design and construction of aluminium structures, is entering the Mexico...
Slovenian industrial conglomerate Hidria, a major car industry supplier, made public that it had signed a € 15 million deal with Germany's Audi and Porsche and Italy's Lamborghini under which it will develop and supply them with key aluminium engine parts. Hidria is one of the world-leading corporations in automotive and industrial technologies. The Idrija based company in the next five years will be delivering parts for high-performance diesel and petrol engines for premium and super-sport vehicles of the three marques. Audi, Porsche and Lamborghini will furnish in their vehicles aluminium parts developed in Hidria, which will make the vehicles lighter and more efficient, with better fuel economy, faster acceleration and lower emissions.
Flat-rolled aluminium producer Elval has achieved ASI Performance Standard Certification for its operations in Oinofyta, Greece. The plant produces innovative and competitive flat-rolled products for a diverse group of sectors and uses including packaging, transportation, automotive, HVAC&R, building and construction, energy and industrial applications among others. The news came after Aluminium Stewardship Initiative announced on July 31 that it successfully certified Elval’s rolling facility against Performance Standard for responsible production, sourcing, and stewardship of aluminium. The certification scope covers the facility’s re-melting and casthouse facilities, hot/cold rolling, coil coating and finishing lines. The facility has an annual capacity of 300,000 tonnes and exports...
Salzburger Aluminum AG (SAG) is terminating 29 employees in Austria at its two locations in Lend (Pinzgau) and Schwarzach (Pongau). The company has confirmed the news on 31 st July ’20. The corona crisis led to a significant decline in production at the automotive supplier. SAG with its subsidiaries is an internationally successful manufacturer of high-quality aluminium components for the automotive, commercial vehicle and railway industries. It also produces aluminium tanks for the automotive industry. The company said in a statement "After an optimistic start to the new year and with stable order numbers, the production volumes had to be drastically reduced in mid-March. Thanks to long-term supply contracts and short-time work, the vehicle manufacturers' lockdown had made it easy. The...
India’s Maan Aluminium net profit declined 61.40% to INR 0.83 crore in the quarter ended March’20, as against INR 2.15 crore during the previous quarter ended March’19. The company is one of the pioneers in the Aluminium extrusion industry in India. The aluminium company’s facility is based in Madhya Pradesh, Central India. Maan Aluminium is a preferred choice by many companies worldwide. The company is exporting its products globally and is accredited with One Star export house status. It has been reported a drop in sales by 51.96% to INR 98.51 crore in the quarter ended March’20 as against INR 205.07 crore during the previous quarter ended March’19. Net profit for the full year declined 17.67% to INR 7.55 crore for the year ended March’20 as against INR 9.17 crore during the previous...
Three-month LME aluminium rose 0.77 per cent to end at a new more than four-month high of US$1,710 per tonne on Monday, July 27, in choppy trading. On July 28, it strengthened 0.91 per cent to end at US$ 1,725.50 per tonne, after hitting its highest in nearly five months at US$ 1,728 per tonne earlier in the session. On Wednesday, the price closed a tad firmer at US$1,727.5 per tonne, following a new five-month high of US$1,730 per tonne in the session earlier. On Thursday, three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne. Both LME aluminium cash (bid) price and LME official settlement price trended up this week during July 27-31 from US$ 1661.50 per tonne to US$ 1685.50 per tonne. Starting the week on Monday, July 27 at US$ 1661.50 per tonne, the prices moved up to US$...
