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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In June 2020, the alumina production (including metallurgical-grade alumina) in North America stood at 223,000 tonnes, up by 6.19 per cent month-on-month from 210,000 tonnes, according to the data released by the International Aluminium Institute. However, on a year-on-year basis, the production in June stood down by 6.30 per cent from 238,000 tonnes. As per the IAI data, the alumina production in North America in Q2 2020 declined quarter-on-quarter by 3.72 per cent from 672,000 tonnes to 647,000 tonnes, and over the year by 9.76 per cent from 717,000 tonnes. In the first half of the year, the accumulative production of alumina in North America totalled 1.32 million tonnes compared to 1.42 million tonnes during the same period last year. So, the total output in H1 2020 edged lower by 7.04...
As updated by Shanghai Metals Market, inventories of aluminium billet in China declined this week due to a significant decline in arrivals at warehouses. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 65,900 tonnes as of Thursday July 30, a drop of 2,700 tonnes from last Thursday. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories of aluminium billet in Foshan, and Changzhou came in at 17,100 tonnes and 10,070 tonnes on Thursday, down from 21,300 tonnes and 10,750 tonnes on July 30. Stocks in Wuxi increased from 14,400 tonnes to 17,850 tonnes. In Huzhou and Nanchang, aluminium billet inventories declined to stand at 13,000 tonnes and 7,900 tonnes today, from 14,000 tonnes and 8,150...
The most important known bauxite deposits in Greece are estimated at around 100 million tonnes and are located in the Mt Helikon – Mt Parnassus – Mt Giona zone. Greek bauxites are of a diasporic type and are composed of 1 molecule of crystalline water per 1 molecule of alumina (aluminium oxide). Bauxite export in Greece exhibited unstable moment during 2017-19, as the export volume recorded was 11,72,194 tonnes and the revenue generation stood at $50.02 million. The projected export for 2020 has been analysed at 272,526 tonnes and earning to remain at $17.07 million. However, when the evaluated export volume and income of 2020 get assorted with the preceding three years it stands at 14,44,720 tonnes and $67.09 million respectively. The bauxite export of Greece in 2017 has been recorded at...
Hindalco Industries Ltd has raised its aluminium products price for the second time in a row. With effect from Thursday July 30, Hindalco aluminium ingots price now stands at INR 145,250 per tonne, an increase of 1.4% or INR 2,000 per tonne from INR 143,250 per tonne on July 24. The company is now selling its wire rods and billets at INR 156,350 per tonne and INR 152,350 per tonne with effect from Thursday, 30 July 2020, marking a growth of INR 2,000 per tonne each from July 24. The 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 declined so far in 2020 due to slower global demand following the coronavirus outbreak but have come off their recent lows. Aluminium...
Altech Chemicals Limited has released its quarterly reports ended June 2020 mentioning the recommencement of its high purity alumina site in Johor Bahru, Malaysia on June 3, 2020, following the lifting of the Malaysian government COVID-19 pandemic Movement Control Order (MCO). The quarterly reports have also made a note of the completion of remaining Stage-2 construction work, which included the finishing work of electrical substation consisted of internal fit-out, drainage, sewage, and landscaping, at Altech’s high purity alumina (HPA) plant site in Johor. This marks the completion of all works included in the Stage 2 construction scope by the appointed EPC contractor Metix. A formal handover inspection of the substation was conducted towards the end of June 2020 and the small number of...
Tianjin Zhongwang Aluminium Co., Ltd. has been certified against the ASI Chain of Custody Standard for its operations in Tianjin, China. The operations include casting, hot and cold rolling, finishing and annealing with outputs of ingot, thick plate, sheet and coil products. The company manufactures products for automotive, aerospace, ship building, rail and packaging sectors. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder consultation process. The independent, third-party audits of the Tianjin Zhongwang Co., Ltd. plant was carried out by TÜV Rheinland Cert GmbH. Fiona Solomon, Chief Executive Officer at ASI said, “We congratulate Tianjin...
Jindal Aluminium Ltd. (JAL), India's largest aluminium extrusion company with a legacy spanning 50 years witnessed rising demand from ventilator producers as the spread of COVID-19 necessitated the use of this vital equipment at hospitals to save the lives of critical patients. COVID-19 has moreover affected every sector around the world. Pragun Jindal Khaitan, Vice Chairman and Managing Director, Jindal Aluminium Ltd. said: “Due to the falling market demand, and restrictions, our production was limited and there was a reduction in the overall output in April and May 2020. Whereas, June has turned out to be positive in terms of revival as we witnessed a 65-70% rise in demand, on an average. During this period, our exports have neither increased nor decreased significantly. It has been...
Three-month LME aluminium hit a new five-month high of US$1,730 per tonne earlier in the session and ended a tad firmer at US$1,727.5 per tonne on Wednesday. Open interest for the contract shrank to 794,000 lots. It is likely to move between US$1,710-1,750 per tonne today. As of Wednesday July 29, LME aluminium cash (bid) price stands at US$ 1687per tonne, LME official settlement price stands at US$ 1687per tonne; 3-months bid price stands at US$ 1726.50per tonne, 3-months offer price is US$ 1726.50per tonne; Dec 21 bid price stands at US$ 1809per tonne, and Dec 21 offer price stands at US$ 1809per tonne. The LME aluminium opening stock stood at 1648775 tonnes. Live Warrants totalled 1383225 tonnes, and Cancelled Warrants were 265550 tonnes. LME aluminium 3-months Asian Reference Price is...
The A00 aluminium ingot price has jumped by RMB 210 per tonne on Thursday, July 30, to stand at RMB 14,990 per tonne, marking the fourth consecutive hike this week, found the Shanghai Metals Market. Limited supplies and fair consumption of primary aluminium ingots, resulting in incessant drops in primary aluminium inventories in China market, could be attributed to the uptrend in A00 aluminium ingot price. The average prices today are expected to range between RMB 14,970 per tonne and RMB 15,010 per tonne, with spot contract to be traded at a premium price of RMB 40-80 per tonne, down by RMB 40 per tonne from the previous day. In Chongqing, the A00 aluminium ingot price has grown by RMB 215 per tonne to hover at RMB 14,880 per tonne, while that in Foshan, Hangzhou, and Shenyang has...
Basil Walker, a Queenstown entrepreneur stated that he is standing as an independent candidate in the Invercargill electorate at the September’20 general election on a platform of trying to save the Tiwai aluminium smelter from closing. Walker said: “The main issue facing the smelter was the high transmission costs it faced.” The Queenstown entrepreneur desired a New Zealand entity, yet to be determined, to acquire the smelter and buy the Transpower transmission lines, which take electricity from the Manapouri power station to the smelter, so the transmission costs could be reduced by tens of millions of dollars. “That would bring the smelter into profitability,’’ he said. As per Walker in 2017 he conveyed the idea to Rio Tinto and “they never said go away’’. “In the past couple of...
Nubia Watch has launched as the latest product offering from the company. With headquarters in China, Nubia now has operations around the world including North America, South America, Europe, Russia, Southeast Asia and India. Nubia is committed to providing unique and innovative technology, products and services to consumers who crave the joy of adventures and discoveries. The Nubia Watch is a new variant of the Nubia Alpha smartwatch launched last year. The wearable comes with a flexible AMOLED screen, eSIM support, and offers 36 hours of battery with regular use. There's also a bunch of other accessories that have been introduced in China, and this includes a Red Magic Type-C wired headset, a Red Magic Wi-Fi 6 gaming router, and GaN fast chargers. Starting with the Nubia Watch, the...
Ball Corporation announced the release of its seventh biennial sustainability report. It covers calendar years 2018 and 2019. The company outlines its role in driving the transition to a real circular economy and includes a framework for how the industry can achieve an ambitious circular model. This framework calls for 100% collection, extended producer responsibility and improved sorting infrastructure. "Ball's commitment to sustainability is driving transformational change throughout our company and industry," said John A. Hayes, chairman, president and CEO of Ball. "We are dedicated to ensuring that our business operations and products are sustainable for the long term, from an environmental, social and economic perspective. We are excited to report on our progress and share our...
The global alumina production in June 2020 decreased on a monthly basis by 2.83 per cent to stand at 10.98 million tonnes versus 11.3 million tonnes in May, found the International Aluminium Institute. On a year-on-year comparison, the production in June stood flat as the world alumina output during the same period last year was 10.95 million tonnes. The total production in the first half of 2020 came in at 66.05 million tonnes, up by 1 per cent from 65.59 million tonnes in H1 2019. In the second quarter of 2020, the global alumina production stood higher by 1 per cent quarter-on-quarter from 32.86 million tonnes to 33.19 million tonnes. On a year-on-year basis, the output in Q2 was up by 1.37 per cent from 32.74 million tonnes. China, being the world's largest producer of alumina,...
Rio Tinto reported results for the first half of 2020. The company reported underlying EBITDA of $9.6 billion, 6% lower than 2019 first half, primarily due to lower prices for aluminium and copper, with EBITDA margin of 47%. Net earnings stood at $3.3 billion. That was down 20% from $4.1 billion in the first half of 2019. The company declared an interim dividend of $2.5 billion, equivalent to 155 US cents per share. Revenues for the first six months of the year stood at $19.4 billion, 7% lower than 2019 first half, mainly due to lower prices and volumes for copper and lower aluminium prices. Rio Tinto Chief Executive J-S Jacques said “We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with...
Hugyfot, Belgium based developing and manufacturing underwater housings for DSLR cameras is now shipping new macro ports machined from a solid block of high strength aluminium. The company’s new bayonet mount system mainly for a method of mechanical attachment, as for fitting a lens for the camera is featuring with double O-ring. The new ports are hard anodized in red or black and Surlon KE coated for maximum corrosion resistance. Four ports are available: the MP35 ALU, a universal port that suits all macro lenses when combined with an appropriate extension ring; the MP60 ALU, which is designed for the Nikon AF-S 60mm f/2.8 lens; the MP90 ALU, which is specifically for the Nikon AF-S 105mm f/2.8; and the MP100 ALU, tailored to the Canon EF 100mm f/2.8. All the ports feature mineral BK7...
Carcano Antonio S.p.A., one of the most important European companies in the field of aluminium foil flexible packaging, has achieved ASI Performance Standard Certification for its conversion operations in Andalo Valtellino and Mandello del Lario, and also for rolling plant in Delebio, Italy. Carcano produces aluminium foils for diverse packaging applications and rolled products used in cables and insulation. The news came after Aluminium Stewardship Initiative announced today, on July 29, that it successfully certified three Carcano facilities against Performance Standard for responsible production, sourcing and stewardship of aluminium. The certification scope covers rolling of aluminium foil, lacquering of aluminium flexible film and lamination of lacquered aluminium foils for food,...
Finland is often ranked number one for being the happiest country in the world, as the Finns have high incomes, health care for all, and a top education system. The major industries that contribute highly to the economy of Finland are metals and metal products, electronics, machinery and scientific instruments, shipbuilding, pulp and paper, foodstuffs, chemicals, textiles, clothing. The Northern European nation’s aluminium ingot export during 2017-19 has been revealing a consistent growth as the export volume stood at 46,180 tonnes and revenue generations remained to $55.42 million. The projected aluminium ingot export for 2020 has been marked at 19,542 tonnes and the income to reach $25.98 million. When the evaluated export and earnings of 2020 get summed with the existing three years it...
The Environment Agency reported a record 40,653 tonnes of aluminium packaging were collected for recycling in Q2 2020. In the first half of 2020, 76,933 tonnes were collected for recycling, from 50,744 tonnes in the same period in 2019, an increase of 52%. Aluminium packaging collected through kerbside, bring and on-the-go systems increased by 37% to 53,312 during the first half of the year 2020, from 38,882 tonnes in 2019), while tonnage recovered from incinerator bottom ash (IBA) nearly doubled to 23,621 tonnes, from 11,862 tonnes last year. Rick Hindley, executive director at Alupro, commented: “The UK’s PRN data for Q2 2020 shows a hugely impressive year-on-year increase in the volume of aluminium packaging collected for recycling. Alongside greater public awareness about the benefits...
