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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Compagnie des Bauxites de Guinée (CBG), one of the leading producer and exporter of bauxite, on 16 th July publicised the launch of campaign reforestation of nearly 200 hectares at the Sangarédi mine. According to Aboubacar Traoré, Biodiversity Technician, in charge of rehabilitation and ecological restoration: “This campaign is part of the CBG's ongoing efforts to fight against the degradation of natural resources and the loss of biological diversity.” “It also contributes to rehabilitating the areas of the CBG concession which have already been serviced to increase the resilience of the ecosystem and populations in the face of climate change.” The current year's campaign furnishes for the planting of a total of 121,000 plants on the Bidikoun plateaus, straddling Sangarédi and Télimélé....
The latest data of the International Aluminium Institute shows a slight dip in the primary aluminium production in Africa in the second quarter of 2020. In the first quarter, Africa’s primary aluminium output was 402,000 tonnes, which in the second quarter marginally declined to 401,000 tonnes. When compared to the corresponding period last year, the country’s production found lower by 11,000 tonnes or 2.74 per cent from 412,000 tonnes. The accumulative primary aluminium production in Africa in the first half of 2020 totalled 803,000 tonnes, found IAI. This stood lower by 20,000 tonnes or 2.43 per cent from 823,000 tonnes in H1 2019. Africa’s aluminium production in the last month stood at 129,000 tonnes after declining by 10,000 tonnes from 139,000 tonnes in May. In April, the country...
Metra Holding S.p.A. has joined Aluminium Stewardship Initiative as a new Production & Transformation member. This brings the total number of Members working toward a responsible aluminium value chain to 127. Metra, headquarters – in Europe, USA and Canada, produces high technology extruded aluminium. The company has two divisions: METRA Industry and METRA Building. The company guarantees a vertically integrated supply chain from foundry, extrusion to welding and machining. Metra Industry, which produces 70.000 tons of extruded aluminium each year, answers to the complex needs of many markets: railways, automotive, mechanics, transport, industrial applications, design and furniture. METRA Building manufactures aluminium window frames for architecture and design. Co-engineering, process...
The latest US Geological Survey data for April 2020 shows an expansion in aluminium crude metal and alloys exports from the United Arab Emirates to the US. The United Arab Emirates exported 38,400 tonnes of aluminium extrusions in April, compared to 20,400 tonnes in March 2020. So, month-on-month, the exports recorded a surge of 18,000 tonnes or 88.24 per cent. When compared to the same period last year (April 2019), the UAE’s aluminium crude metal and alloys exports to the US were found 24.27 per cent higher from 30,900 tonnes. As the above graph shows, the United Arab Emirates’ aluminium crude metal and alloys exports to the US stood at 10,100 tonnes in February 2020, sharply down by 20,900 tonnes or 207 per cent from 31,000 tonnes in January 2020. The exports in March grew by 10,300...
North America’s primary aluminium production stood at 330,000 tonnes in June 2020, 5.1 per cent higher year-on-year. The output was 314,000 tonnes in June 2019. On a month on month basis, the output dropped by 4.62 per cent from May’s production of 346,000 tonnes. In the first half of 2020, the production stood 4.72 per cent higher than the same period last year. The output amounted to 1.995 million tonnes, from 1.905 million tonnes in the first half of 2019, according to the latest data showed by the International Aluminium Institute (IAI). In 2019, the output stood at 3.809 million tonnes, an increase of 0.93 per cent from 3.774 million tonnes in 2018. Primary aluminium production in South America decreased by 14.12 per cent year-on-year to 73,000 tonnes in June. The output of primary...
Alupro has restated the significance of kerbside recycling following the launch of energy from waste (EfW) recovery report. Rick Hindley, executive director at Alupro said: “It’s essential that kerbside recycling rates continue to increase and that we prioritise the use of aluminium as a sustainable packaging material. As aluminium recovered from IBA contributes to a circular economy, we fully advocate the process and see it as an essential part of our national vision to achieve a 100% aluminium packaging recycling rate.” A few days back, cross-party think tank Policy Connect released a hard-hitting research report calling for the UK government to commit to energy from waste (EfW) recovery, as opposed to landfill disposal, for the management of the nation’s residual waste. Hindley said:...
Global primary aluminium production stood at 5.274 million tonnes in June, an increase of 0.25% from 5.261 million tonnes in June 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Monday 20 July 2020. On a month-on-month comparison, the output decreased by 3.19% from 5.448 million tonnes. Total primary aluminium production came in at 32.045 million tonnes in the first six months of 2020, an increase of 1.24% from 31.653 million tonnes in the first six months of 2019. In Asia ex-China, aluminium production reduced by 6.39% year-on-year and 1.46% month-on-month to 337,000 tonnes in June. In January-June, output came in at 2.048 million tonnes, a decrease of 6.61% from 2.193 million tonnes in January-June 2019. In the Middle East, primary aluminium...
According to a recent report, the International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) has chosen NexTech AR Solutions’ InfernoAR video conferencing platform to host its 38th annual International Conference virtually in November. The deal is worth $40,000 to NexTech. The InternoAR platform can host large-scale events of up to 1 million people with virtual lobbies, live presentations and custom holographic product display. NexTech’s senior vice president of sales Pete Dunn said in a statement, “I'm honoured that the International Committee for Study of Bauxite, Alumina and Aluminium has chosen InfernoAR to host their 38th annual International Conference bringing together their global audience in an exciting new format.” Dunn also said that ICSOBA’s chairman put...
Australia's economy is the world's 14th largest rated AAA with a stable outlook by all three global rating agencies. The economy of Australia is a highly developed market economy. Its GDP was estimated at A$1.89 trillion as of 2019. In 2018 Australia became the country with the largest median wealth per adult but slipped back to second highest after Switzerland in 2019. The largest country in Oceania, Australia’s import of aluminium foil during 2017-19 saw both rapid rise and followed by fall in volume, as the import volume during this phase recorded at 54,003 tonnes and the revenue expended stood at $286.07 million. The projected import for 2020 has been analysed at 15,741 tonnes and the expenditure to reach $121.66 million. When the analysed import volume and expenditure of 2020 gets...
Tokai COBEX GmbH has joined Aluminium Stewardship Initiative as a General Supporter member. It brings the total number of ASI Members to 126. The company, located in Wiesbaden, Germany with two production plants in Racibórz and Nowy Sącz, Poland and a sales office in Beijing, China is a global company producing high quality carbon products such as cathode blocks for aluminium smelting. Tokai COBEX operates worldwide and is one of the leading innovators in its markets. The company’s core competencies – which have stood the test of time for decades – include wide-ranging expertise in raw materials, application know-how, and excellent understanding of manufacturing processes in customers’ industries like the primary aluminium industry. “Tokai COBEX’ products are an essential part of primary...
According to the Shanghai Metals Market data, China's average secondary aluminium operating rates in June fell 0.7 percentage point to 48 per cent month-on-month. In May, the operating rates were 48.69 per cent after growing by 1.6 percentage points from the previous month. Year-on-year, China’s June secondary aluminium operating rates registered a decline of 4.3 percentage points, lower than the yearly drop of 5 percentage points in May. Shanghai Metals Market suggests higher arrivals of aluminium alloy ingots from overseas to China in June attributed to the month-on-month downtick in the country's secondary aluminium operating rates. However, SMM expects the operating rates in July to remain stable. There was no significant change in secondary aluminium demand in China or overseas. Weak...
A00 aluminium ingot price registered a decrease of RMB 70 per tonne from Monday’s price of RMB 14480 per tonne. The price now stood at RMB 14410 per tonne on Tuesday, 21 July 2020 and is expected to move within a range of RMB 14390-14430 per tonne. In Foshan and Wuxi, the price dropped by RMB 110 per tonne and RMB 90 per tonne to stand at RMB 14320 per tonne and 14410 per tonne. Their average prices are expected to range within RMB 14300-14340 per tonne and RMB 14400-14420 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14430 per tonne and 14280 per tonne, down RMB 90 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 14360 per tonne, RMB 14400 per tonne, RMB 14470 per tonne, and RMB 14370 per tonne. The Aluminium...
The Government of India is evaluating a drive to unlock about 500 mineral blocks through an open and transparent auction by repealing Section 10A2 (b) of MMDR Act under the ‘Self-reliant India” vision. The drive is surmounted to support unlocking of more than a billion tonne of mineral reserves and create approximately 500,000 jobs, as per the industry sources. "A large number of potential mineral blocks are blocked due to the saving clause in section 10A2(b) of MMDR Act wherein RP/PL holder has a right to obtain the mining lease if the holder of the lease has undertaken reconnaissance operations or prospecting operations. There is no sunset clause in the relevant section unlike section 10A2(c) which provided 2 years in 2015 to execute the leases and therefore these leases are still...
Germany-based metal additive manufacturing leader SLM Solutions, in collaboration with Honeywell, is developing 3D printed aluminium parts. Working with aluminium alloy F357, they are jointly producing parameter sets, which will deliver considerably improved material properties compared to parts manufactured through die-casting. The goal is to use these parameter sets to reduce manufacturing times and costs for the production of aerospace components with high layer thickness. In 2019, Honeywell first started exploring AM aluminium parts and parameters using an increased layer thickness of 60 and 90 µm on a quad-laser SLM 500 Selective Laser Melting Machine. SLM Solutions was the supplier of generic aluminium parameter sets to Honeywell then to complete material qualification. However,...
The US dollar fell on Monday against a basket of rivals, as risk appetite improved on a flurry of announcements about a potential COVID-19 vaccine and expectations of more stimulus from Europe and from the US. Three-month LME aluminium closed little changed at US$ 1,662.5 per tonne on Monday in choppy trading. It is likely to move at US$ 1,650-1,690 per tonne today. As of Monday, July 20, LME aluminium cash (bid) price and LME official settlement price rose from US$ 1618 per tonne to US$ 1621 per tonne. 3-months bid price and 3-months offer price stood at US$ 1658 per tonne after growing by US$ 3.5 per tonne from US$ 1654.50 per tonne on the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 1750.50 per tonne from US$ 1747.50 per tonne on Friday, July 17. The LME...
Alro Slatina, one of the biggest aluminium companies in Romania and Europe is operating new Danieli homogenizing furnaces for the production of quality aluminium flat products at its site. The Romanian plant uses Danieli Olivotto Ferrè's technology to homogenize slabs of aluminium alloys, treating slabs measuring 500x1,650 mm and up to 8 m long, with a total annual capacity of up to 24,000 tons/year. Heating and soaking in two homogenizing furnaces and cooling in a cooling chamber are performed in continuous mode. Furnace equipment and process controls perform in automatic mode, in a controlled atmosphere, matching the stringent AMS 2750E standard for aerospace markets. The subsequent slab cooling treatment delivers perfect quality in terms of mechanical/metallurgical properties....
An Indian University alumnus innovation potentially offers a solution to the problem of lack of potable water in the world, which states several lives globally every year. A former Allahabad University student Subhash Chandra Singh is part of a team of researchers from University of Rochester, New York, that has developed a technology which turns a piece of aluminium into a water purification device with the help of solar energy. After completing PhD from AU, he is now a post-doctoral scholar at the American University. Subhash said: “In the technology when a piece of aluminium comes in contact with quick laser light, it turns it into a super-wicking, superlight-absorbing and a super-water-evaporating surface which removes all the dirt and impurities from water.” “Factors like...
One Plus Technology Co. Ltd. has reportedly confirmed on Instagram that its upcoming smartphone series Nord, which is expected to virtually launch on July 21, will come with Googles Messages and Phone apps installed instead of its own SMS and dialer. The series is expected to feature an aluminium chassis with a glass rear. It will be powered by a Snapdragon 765G chipset under the hood. The 7nm chipset is expected to be paired with 8GB of LPDDR4X RAM and 256GB storage. Having two selfie cameras, one 8MP wide-angle camera and a main 32MP selfie sensor and the second one being a 105-degree ultra-wide-angle, the phone will also come with Google's Duo video chat app pre-installed. The smartphone is also expected to feature a 6.4-inch AMOLED display with a 2400 x 1080 pixel resolution. Some of...
