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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A00 aluminium ingot price climbed by RMB 30 per tonne from Wednesday’s price of RMB 14520 per tonne. The price now stood at RMB 14550 per tonne on Thursday, 23 July 2020 and is expected to move within a range of RMB 14530-14570 per tonne. This marks the second consecutive rise in aluminium ingot price. In Foshan and Wuxi, the price inched up by RMB 50 per tonne and RMB 40 per tonne to stand at RMB 14560 per tonne and RMB 14580 per tonne. Their average prices are expected to range within RMB 14490-14530 per tonne and RMB 14550-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne and 14435 per tonne, up RMB 40 per tonne and RMB 45 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi rose to stand at RMB 14505 per tonne, RMB 14570...
The Industrial Residue activation for continual cement production, project 'ReActiv' will create an ultra-modern and feasible value chain, clamping bauxite residue, the offshoot of the alumina production with the cement industry. The only calcined alumina producer of Romania, ALUM takes part as a stakeholder in ReActiv project. The alumina company will deliver appropriate samples of bauxite residue to be processed in the project and business plan development, mainly in regards to prospective technology deployment at cement plants. ALUM is member of a 21-company consortium which will implement the ReActiv project, under the coordination of LafargeHolcim, through its Research and Development Centre. Gheorghe Dobra, CEO of ALUM said: 'Through ReActiv project, altogether with several industry...
Aluminerie Alouette's operations in Sept-Îles, Quebec, have been acknowledged by the Aluminium Stewardship Initiative with its Performance Standard Certification. The news came after ASI announced today, July 23, that it successfully certified the Aluminerie Alouette plant in Sept-Îles. The plant has an annual capacity of 600,000 tonnes of primary aluminium. It is the largest smelter in the Americas. The ASI certification scope covers the facility’s aluminium smelting, casthouse, and operational activities. Fiona Solomon, Chief Executive Officer at ASI said, “We congratulate Aluminerie Alouette on its ASI Performance Standard certification. This certification is significant not only due to the company’s annual production capacity, but also because the consortium behind the company...
The US dollar gave up some of its earlier gains recorded on Wednesday, July 22, as investors retreated from the safe-haven asset, following struggles by the US to reach a consensus on further stimulus measures. Three-month LME aluminium fell as much as over 1 per cent last night amid concerns about mounting US-China tensions, ending lower on the day at US$ 1,689.5 per tonne, following a session low of US$ 1,675 per tonne. On Wednesday, July 22, both LME aluminium cash (bid) price and LME official settlement price extended growth for the third consecutive day to stand at US$ 1651 per tonne. 3-months bid price and 3-months offer price stood at US$ 1686 per tonne, up by US$ 3.5 per tonne from US$ 1682.50 per tonne on July 21. Dec 21 bid price and Dec 21 offer price came in at US$ 1774.50 per...
Hyderabad International Airport has been introduced with a multi-ULD (unit load device) Cool Dolly to maintain the cold chain for time and temperature-sensitive shipments such as pharmaceuticals and perishables. Vandana Aggarwal, Senior Economic Advisor, Ministry of Civil Aviation (MoCA), Govt of India, virtually inaugurated Cool Dolly during a webinar. Aluminium insulated container, the Cool Dolly acts as a storage unit from air cargo terminal to the aircraft. They provide an unbroken cold chain to perishable shipments of temperatures of +2C to +8C and +15C to +25C and can handle around 7 tons of cargo in a single trip. Pradeep Panicker, CEO, GMR Hyderabad International Airport Ltd, said, “Cool Dolly is a valuable addition to the unbroken cold chain at Hyderabad International Airport....
Ball Aerosol Packaging Devizes (UK) has collaborated with renowned manufacturers Reabrook Ltd and the Lindal Group to design, produce and fill 25,000 cans of Rainbow hand sanitizer in an effort to help combat the global pandemic. "At Ball, we are committed to supporting our communities with meaningful and impactful actions throughout the COVID-19 pandemic," says Natalie Cox, senior key account manager at Ball Aerosol Packaging. "The communities where we live and work are an integral part of who we are, and during this time of great need, we want to share our expertise to fight the virus and protect those near and dear to us." "We are delighted to work in partnership with Reabrook and Lindal to produce a concrete product to stop the virus from spreading in our communities." The cans are...
Constellium reported results for the second quarter ended June 30, 2020. For the second quarter of 2020, shipments stood at 310 thousand tons, a decrease of 25% compared to the second quarter of 2019 due to lower shipments in all three segments. Revenue stood at €1.0 billion, down 33% year on year due to lower shipments and lower metal prices. Net loss of €32 million compared to a net income of €17 million in the second quarter of 2019. Adjusted EBITDA decreased by 51% to €81 million. Jean-Marc Germain, Constellium’s Chief Executive Officer said, “The COVID-19 pandemic has challenged our employees and our business. Protecting the health and safety of our employees and their families remains our top priority. Despite difficult market conditions, our business delivered solid operating...
The relentless impact of COVID-19 and the precariousness around Brexit is being censured for the loss of up to 18 jobs at the Fort William-based Lochaber smelter. Liberty British Aluminium became ALVANCE British Aluminium as part of a new structure back in February’20 but in few weeks the company was forced to lay-off around 40 of its workers in response to the impact of the COVID-19 epidemic. ALVANCE British Aluminium comes under the aluminium arm of metals industry tycoon Sanjeev Gupta’s GFG Alliance group of companies. On 22 nd July’20, the company declared it would be reducing its workforce permanently. An ALVANCE British Aluminium spokesman said: ‘The Covid-19 pandemic has compounded an already difficult commercial environment for aluminium. Given the continued impact of the virus...
The Noble Group has formed a treaty with the Jamaican Government to reorganise the assets and operations of alumina refinery Jamalco into a holding company that will raise equity capital on the stock market. The unnamed company is expected to list on the Jamaica Stock Exchange, JSE. Noble Group said in its newly released financial results: “After the year-end, Noble and the Government of Jamaica agreed to put their respective interests in Jamalco into a newly incorporated Jamaican company which will own and operate the assets and business going forward,” Jamalco is owned 55% by Hong Kong-based Noble Group and 45% by Jamaica through Clarendon Alumina Production, CAP. The nation’s economic reform programme with the IMF, Jamaica had committed to divest its holdings in CAP and was said to...
Alcoa Corporation has announced today, July 22, that it has reached an agreement with Gränges AB to supply its low-carbon aluminium rolling slab ECOLUM™ to help the company achieve the goal of cutting carbon emissions across supply chain. ECOLUM™ is part of Alcoa’s SUSTANA™ line of low-carbon products that support supply chain sustainability. “Gränges is committed to reducing our climate impact from a life-cycle perspective, and thereby enhancing our sustainability performance,” said Sofia Hedevåg, Gränges’ SVP Sustainability. She added, “One of the key priorities in our climate strategy is to collaborate along the value chain and increase the sourcing and use of recycled aluminum and low-carbon primary aluminum since such materials significantly reduce our products’ carbon footprint.”...
Albania, on South-eastern Europe’s Balkan Peninsula, is a small country with Adriatic and Ionian coastlines and an interior crossed by the Albanian Alps. The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market. Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors. The European nation’s aluminium scrap import-export remains in steady progress during 2017-20. The aluminium scrap import during 2017-19 exhibited rapid growth followed by minor fall, as the import volume stood at 24,015 tonnes and the revenue expenditure recorded was $24.56 million. The projected import for 2020 has been analysed at 8434 tonnes and the expenditure to stretch up at $9.77...
Hydro has released its second-quarter results of 2020, wherein it has reported a year-on-year increase of 5 per cent in primary aluminium production. From 486,000 tonnes in Q2 2019, Hydro’s primary aluminium output in Q2 2020 surged to 509,000 tonnes. However, on a quarter-on-quarter comparison, the output in Q2 of this year stood down by 4 per cent from 528,000 tonnes. The company’s total primary aluminium production in the first half of 2020 came in at 1.04 million tonnes, 7 per cent higher than 971,000 tonnes during the same period last year. Hydro, as per the report, generated NOK 30,931 million of revenue in Q2 2020, 19 per cent lower than NOK 38,124 million in Q1 2020 and 21 per cent from NOK 39,176 million in Q2 2019. The total revenue of Hydro in the first six months of the year...
Clean TeQ Holdings Limited has teamed up with Relativity Space, Inc. to develop scandium-aluminium alloys for 3D printing of launchers for commercial orbital launch services. Clean TeQ will supply scandium oxide to Relativity from its Sunrise Project in NSW, Australia. Clean TeQ’s Chief Executive Officer, Sam Riggall, commented, “We are delighted to be partnering with Relativity on this important project. Scandium allows us to create a new generation of aluminium alloys with unrivalled functionality – alloys that are stronger, lighter, more corrosion-resistant and printable. These alloys have the potential to revolutionise the manufacturing processes for a range of industries, as Relativity is already demonstrating. Our relationship with Relativity reinforces our strategy of working with...
Three-month LME aluminium notched its highest since July 13 at US$1,702 per tonne on Tuesday. It ended 2.23% higher at US$1,699.5 per tonne. It is likely to move at US$1,680-1,720 per tonne today. As of Tuesday July 21, LME aluminium cash (bid) price stands at US$ 1646.50 per tonne, LME official settlement price stands at US$ 1646.50 per tonne; 3-months bid price stands at US$ 1682.50 per tonne, 3-months offer price is US$ 1682.50 per tonne; Dec 21 bid price stands at US$ 1768.50 per tonne, and Dec 21 offer price stands at US$ 1768.50 per tonne. The LME aluminium opening stock stood at 1652200 tonnes. Live Warrants totalled 1383850 tonnes, and Cancelled Warrants were 268350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1670.38 per tonne. SHFE Aluminium Price...
According to the International Aluminium Institute data, the world alumina production in May 2020 stood at 11.1 million tonnes, up by 1.74 per cent from 10.91 million tonnes in April 2020. When compared to a year earlier, the output was found almost flat. In May 2019, global alumina production was 11.03 million tonnes. The total global production of alumina in the first five months of 2020 came in at 54.87 million tonnes, almost flat compared to 54.63 million tonnes of production during the corresponding period last year. China, being the leading alumina producer, churned out 5.66 million tonnes in May 2020, up by 1.62 per cent from 5.57 million tonnes in the previous month. However, on a year-on-year comparison, China’s alumina production in May 2020 stood down by 5 per cent from 5.96...
Hydro has entered into a strategic partnership with drinks producer HELL for the supply of Hydro CIRCAL recycled aluminium. This marks the entrance of Hydro CIRCAL into the beverage can industry. HELL ENERGY Group is a producer of energy and soft drinks with own production of beverage cans in Hungary. This plant makes 4.5 million 250-milliliter aluminium cans daily. “We are pleased to bring Hydro CIRCAL into the beverage can industry and start this strategic partnership with the HELL ENERGY Group. With Hydro CIRCAL, we enable them to offer beverage can users the opportunity to enjoy their drink with a historically low CO2 footprint,” said Boris Kurth, Head of Hydro’s Can business. Hydro will supply from its’s state-of-art recycling line in Neuss for used beverage cans and then cast,...
According to the Shanghai Metals Market, the A00 aluminium ingot price has increased by RMB 110 per tonne to RMB 14,520 per tonne on Wednesday, July 22, following a decline from RMB 14,480 per tonne to RMB 14,410 per tonne on the previous day. Today, the average prices are expected to range between RMB 14,500 per tonne and RMB 14,540 per tonne, with spot contract to be traded at a premium price of RMB 130-170 per tonne, down by RMB 50 per tonne from July 21. Foshan has seen the highest growth of RMB 140 per tonne in A00 aluminium ingot price today to stand at RMB 14,460 per tonne, followed by the hike of RMB 120 per tonne in Tianjin to stand at RMB 14,520 per tonne. Wuxi, Hangzhou, and Chongqing have seen an increase of RMB 110 per tonne to RMB 14,520 per tonne, RMB 14,540 per tonne, and...
Apple has announced on 21 st July’20, that 16-inch MacBook Pro is planned to be the first-ever Apple device to be made from carbon-free aluminium. As Apple focuses on its environmental impact and reducing the company’s carbon footprint, the MacBook Pro will take the reins as part of a phenomenal commitment from Tim Cook and his team. Apple confirms that it is working with aluminium suppliers on carbon-free processing. As an intermediate step, the 16-inch MacBook Pro will be the first hardware to use low-carbon aluminium and create a new and more environmentally friendly laptop. The drive comes as part of Apple’s goal to become a 100% carbon neutral across the entire company. “Apple unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and...
