ClearFlow Metalworks plans to invest $28 million in a new aluminum manufacturing facility in Russellville, Kentucky, marking an expansion of secondary aluminum production in the United States. The project is expected to create 50 full-time jobs, with its first phase designed to deliver an estimated annual production capacity of approximately 100,000 tons. The company, which focuses on sustainable aluminum recycling and production, will develop the facility in phases. Phase I will feature a secondary aluminum billet casting operation, processing recycled aluminum materials into billets for extrusion and other downstream manufacturing applications. The project will establish ClearFlow's manufacturing presence in the U.S. and support domestic demand for aluminum products while expanding...
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...
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TMC Lifting and Engineering Supplies, one of the leading suppliers of Lifting Equipment to the UK and International industry, has reportedly added new Lite aluminium outrigger support mats to its Power-Pad range. The new outrigger support mats are manufactured from high-grade aluminium, having a depth of 100mm with a 50mm base layer of Etha foam ground protection. They are light in weight with only 68kg per square metre, and therefore, can be easily transported, according to TMC. The company said a set of four mats measuring 2.5 by 1.8 metres could be transported by most 3.5 tonne flatbed trucks or cranes without exceeding axle weights. The mats, designed and fabricated at TMC’s facility in Peterborough, are available in a variety of sizes, featuring integrated corner mounted lifting eyes...
Colombia has a thriving market economy based primarily on oil, mining, agriculture, and manufacturing. The country's GDP in 2013 was US$226 billion and per capita GDP was US$10,100, placing it as a middle-income country. Colombia's finance ministry projected an economic contraction of 5.5% for this year, a revision from its previous estimate of a contraction of 1.5% to 2%. In response, the Fiscal Rule Advisory Committee widened the government deficit limit for 2020 to 6.1% of GDP. The nation’s aluminium scrap export during 2017-19 reflects unsteady as the export volume stood at 25,318 tonnes and the revenue earning exhibited $31.35 million. The scrap export for 2020 has been projected at 8908 tonnes and earning to remain at $7.78 million. However, when the analysed export volume and...
Saudi Arabia’s exports of aluminium semi-finished products (plates, sheets, bars, etc.) to the US totalled 20,800 tonnes in January-March 2020, 96% higher than the corresponding period of 2019. Exports were 10,600 tonnes in January-March 2019, according to the latest Mineral Industry Survey report from US Geological Survey. Exports in March registered a drop year-on-year. Semi-finished exports came in at 5,910 tonnes, a drop of 11.66% from 6,690 tonnes in March 2019. On a month-on-month comparison, exports decreased by 21% from 7,450 tonnes in February. Saudi Arabia’s exports of total aluminium (crude metal and alloys and semi-finished products) to the US stood at 23,000 tonnes in the first three months of 2020, an increase of 35% from 17,000 tonnes in the first three months of 2019. In...
A team of top executives from United Way of Jamaica (UWJ), a charitable organisation, recently paid a visit to St Ann to join forces with Noranda Bauxite for distributing food and care packages to several institutions and individuals. Noranda is associated with United Way Jamaica for the past 35 years. United Way is a fund manager of the Private Sector Organisations of Jamaica’s (PSOJ) COVID Relief Fund. Delroy Dell, vice-president and general manager of Noranda Bauxite, congratulated the “UWJ, PSOJ and other organisations who are coordinating the national COVID-19 response programme”. He said Noranda’s community relations share the same vision and objectives of United Way and work responsibly for education, environment protection, youth development, agriculture, health, safety, sports,...
New Zealand’s political party Social Credit has called the government to intervene and acquire Rio Tinto’s Tiwai Point aluminium smelter and convert it to a State-Owned Enterprise (SOE), issuing non-tradable shares to every New Zealand citizen. Social Credit Party has also advised that Govt. should offer just $1 for the purchase and then plough money into installing advanced emission control equipment to stop aluminium getting into the air and the food chain and cleaning up the environment and the leftover waste products. The plant could also be reformed to lift it to the world-class standards. The investment could be realized very easily and would not involve any cost to taxpayers, by using a process similar to the $60 billion the Reserve Bank is creating currently to buy government...
Vedanta has strengthened its Advisory Board with the addition of Jitendra Kumar Dadoo and Prakash Kumar Singh. The company announced the appointments as it readies for the next phase of growth post-Covid. Jitendra Kumar Dadoo, who retired in the rank of Secretary to Government of India in December, 2017 has been appointed as a Senior Advisor. He served in several key positions, including Chairman, Delhi Civil Supplies Corporation, Additional Secretary and Joint Secretary, Department of Commerce, Government of India. He will work closely with the Corporate Strategy team and Hindustan Zinc’s management committee to drive key business initiatives. Dadoo said, “Over the years, Vedanta has made very significant contributions to the industry and the nation. I am excited about joining Vedanta at...
The Fédération Internationale de l'Automobile (FIA) has reportedly approved Scalmalloy, an aluminium-magnesium-scandium powder alloy designed for metal 3D printing technologies, from ApWorks for Formula One. The alloy has a very high tensile strength (UTS 520 MPa) and yield strength (480 MPa). It also boasts for having excellent ductility (Elongation 13 per cent), natural corrosion-resistant properties, and a very high degree of microstructural stability with respect to thermal ageing. Besides, thanks to the low density of the material, Scalmalloy from ApWorks exhibits exceptional specific properties compared to other aluminium alloys in the market. The combination of excellent material properties in the alloy makes it a choice for high-performance applications, such as in the motorsports...
The US dollar edged lower on Monday. LME aluminium inched up less than 0.1% and SHFE aluminium advanced 0.6%. Three-month LME aluminium jumped to a fresh four-month high of US$1,705 per tonne on Monday. It closed just 0.06% firmer at US$1,690 per tonne. It is likely to move between US$1,670-1,710 per tonne today. As of Monday July 13, LME aluminium cash (bid) price stands at US$ 1664.50 per tonne, LME official settlement price stands at US$ 1664.50 per tonne; 3-months bid price stands at US$ 1695.50 per tonne, 3-months offer price is US$ 1695.50 per tonne; Dec 21 bid price stands at US$ 1779 per tonne, and Dec 21 offer price stands at US$ 1779 per tonne. The LME aluminium opening stock stood at 1674900 tonnes. Live Warrants totalled 1435350 tonnes, and Cancelled Warrants were 239550...
Piyush Goyal, Commerce and Industry Minister, Govt. of India on 13 th July’20 stated that certain sectors have been spotted with vast potential for India to slash its import dependence, encourage exports and endorse domestic manufacturing. The Minister stood for 12 sectors; aluminium industry is incorporated among the recognized sectors. Mr Goyal added: “COVID-19 pandemic has taught a big lesson that over-dependence on certain geographies can cause a lot of difficulties in the time of stress.” While addressing the AGM of Bombay Chamber of Commerce, Piyush Goyal said: “In our ways, we have identified sectors where import substitution or export potential is there in a big way and I am sure that we can all work together to make this happen. We are looking at more sectors and I would urge all...
Following the three consecutive hikes from RMB 14,320 per tonne to RMB 15,320 per tonne, the A00 aluminium ingot price has recorded a sharp decline today, July 14, of RMB 420 per tonne to stand at RMB 14,900 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,880 per tonne and RMB 14,920 per tonne, with spot contract to be traded at a premium price of RMB 20 per tonne. Among the major Chinese markets, Wuxi has seen the highest decrease in primary aluminium ingot price by RMB 515 per tonne to RMB 14,905 per tonne. In Shenyang, Hangzhou, and Tianjin, the A00 aluminium ingot price has plunged by RMB 455 per tonne, RMB 450 per tonne, and RMB 440 per tonne to stand at RMB 14,815 per tonne, RMB 14,950 per tonne, and RMB 14,840 per tonne,...
The time has come to share with you all the performance metrics of the second edition of our flagship e-Magazine, which was the fourth quarterly e-Magazine, “Aluminium LeaderSpeak 2020” . We are overwhelmed to reveal that the magazine has reached 104 countries across the world, marking the total global views of 33,937 and hits of 139,469 in a little more than three months. In the era of advanced digital media when every outcome is measurable and transparent, we are delighted to discover how our fourth quarterly e-Magazine has created a buzz on the social media. While on Facebook, it has achieved 15,639 reach , on Twitter and LinkedIn, it has secured 2,190 and 3,586 reach , respectively. The average time spent by a user on the magazine is over 12 minutes , and the direct reach has crossed...
Guinea is nowadays one of the bauxite exporting countries in the world. More and more voices are being raised about mining by companies. The Collective for the Transition in Guinea (CTG), intends to initiate legal action against them very soon for more "clarifications". During a press conference organized on 11 th July’20, in France, the CTG cited the name of one of the mining companies which are in its sight, to which besides, it would require clarifications: "At the heart of this system, there is UMS, which is a conglomerate, which engages in rather dubious practices. UMS is one of our targets, because the rules of contract, of exploitation, must be healthy, transparent and democratic, and that also, the populations suffer and die from pollution, the absence infrastructure, misery in...
Aluminium Stewardship Initiative has announced today, on July 13, that it certified Aleris Aluminium Duffel with its Chain of Custody Standard Certification for aluminium refining/remelting, casting, and semi-fabrication activities. Aleris plant in Duffel, Belgium, manufactures aluminium sheet and coil for the applications in automotive, building and construction, commercial transportation, heat exchangers, industrial products, and packaging. Earlier, in July 2019, Aleris Aluminium Duffel had achieved the ASI Performance Standard Certification. The ASI Chain of Custody Standard Certification sets out requirements for the creation of a Chain of Custody for material produced and processed through the value chain into diverse downstream sectors. The ASI Certification program, developed...
Greece is a developed country with an economy based on the service (80%) and industrial sectors (16%), with the agricultural sector contributing an estimated 4% of national economic output in 2017. The economy of Greece is the 51st largest in the world with a nominal gross domestic product of $209.853 billion per annum. In terms of purchasing power parity, Greece is the world's 53rd largest economy, at $336.486 billion per annum. The aluminium scrap import of Greece has gained its speed during 2017-19 rapidly, as the total import volume stood at 97,806 tonnes and the expenditure stands at $132.25 million. The estimated import for 2020 has been analysed at 62,745 tonnes and the revenue expenditure to surge at $77.95 million. When the projected import volume and expenditure of 2020 gets...
Iran's production of aluminium ingots stood at 101,195 tonnes during the first three months of the current Iranian year (March 20-June 20), an increase of 563% compared with the same period last year, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran’s flagship aluminium producer Iran Aluminum Company (IRALCO) contributed 48,086 tonnes of the total output. The output records a 5% growth year-on-year. Hormozal Aluminum Company produced 21,791 tonnes, which was a 179% rise on the year. Almahdi Aluminum Company’s production came in at 18,188 tonnes, up 146% year-on-year. The output from South Aluminum Company (SALCO) stood at 8,103 tonnes. Iran Alumina Company produced 5,027 tonnes. Iran has an estimated aluminium nameplate capacity...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, were little unchanged over the weekend. Inventories stood 712,000 tonnes as of Monday July 13, unchanged from last Thursday July 9. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Shanghai increased by 1,000 tonnes and 2,000 tonnes from Thursday to stand at 217,000 tonnes and 111,000 tonnes. Inventories in Hangzhou and Nanhai stood at 101,000 tonnes and 175,000 tonnes, up 1,000 tonnes and 4,000 tonnes. Primary aluminium stocks in Gongyi and Linyi dropped by 7000 tonnes and 1,000 tonnes to stand at 40,000 tonnes and 6,000 tonnes. Inventories of...
China’s automobile production and sales continued robust growth in June, marking the highest on record, according to the data released by the China Association of Automobile Manufacturers (CAAM) on Friday, July 10. Data showed the production of automobiles was 2.33 million units, bringing the total manufacture to 10.11 million in the first half of 2020 (January to June), down by 16.8 per cent year-on-year. On a monthly basis, the production in June rose 6.3 per cent, while year-on-year by 22.5 per cent compared to the Y-o-Y hike of 18.2 per cent in the previous month. Sales increased by 4.8 per cent month-on-month to come in at 2.3 million units in June. On a year-on-year basis, they stood 11.6 per cent higher compared to 14.5 per cent surge in May. In the first six months, China’s...
The average spot alumina price has continued their upward track and stood at RMB 2495 per tonne on Monday, 13 July 2020, registering an increase of RMB50 per tonne from RMB 2445 per tonne. The alumina prices increased across all major markets in China, except south. The average prices of Alumina-East, Alumina-Central, and Alumina-North have increased by RMB 50 per tonne each to stand at RMB 2475 per tonne, RMB 2500 per tonne, and RMB 2500 per tonne. Their average prices are expected to range at RMB 2450-2500 per tonne, RMB 2500-2500 per tonne, and RMB 2500-2500 per tonne. The price in South remains unchanged at RMB 2520 per tonne. Alumina (Imported) price rose to RMB 2450 per tonne, representing a rise of RMB 50 per tonne. The average price is expected to move within a range of RMB...
