Vietnam National Coal and Mineral Industries Group (Vinacomin) has proposed an integrated bauxite mining and processing project worth VND 5.2 trillion (USD 208 million) in Lam Dong province, Vietnam. Currently under appraisal by provincial authorities, it is designed to produce around 3 million tonnes of refined bauxite ore annually, reinforcing raw material requirements at the Nhan Co Aluminium Plant and the planned expansion of its alumina operations. Located in the Nhan Co Cluster, the proposal spans over 6,666 hectares. Of this, approximately 5,269 hectares are earmarked for mining and around 50 hectares for the ore processing plant. The project also includes five post-processing sludge reservoirs covering about 1,120 hectares, alongside the 318-hectare Dak Buk So 8 water reservoir. A...
Aluminium production depends on high-temperature processes where furnace efficiency, thermal management and equipment durability are essential for maintaining operational performance. However, refractory materials used in melting, holding and casting operations face continuous exposure to extreme temperatures, thermal fluctuations, chemical corrosion and mechanical wear. These conditions can lead to premature furnace-lining failure, molten-metal penetration, corundum formation and heat loss, increasing maintenance requirements and operating costs. Addressing these challenges requires materials that can withstand demanding operating conditions while keeping equipment efficient and reliable. Alkegen, a supplier of high-temperature refractory and insulation materials, serves this requirement...
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According to trade sources Nalco, Vedanta and Hindalco have cut prices of their products in accordance with the falling aluminium prices. Hindalco Industries Ltd is also reported to have cut the prices of aluminium products by more than 1%, effective November 21. The basic price of Hindalco’s P1020 Grade Ingots/Sows stands at INR 1,54400 (US$ 2187)per tonne on November 21, down from INR 1,56,400 ((USD 2215) per tonne on November 15. Prices of Hindalco’s aluminium products are now at their lowest level since mid-August. The company’s product prices have dropped over 6-7% in third quarter from the 2nd. This is in line with price of three-month futures of aluminium on the London Metal Exchange, which have declined more than 4% so far this quarter. Aluminium business accounted for 50% share...
A twisting tower clad Luma Arles in reflective aluminium tiles is reportedly taking form in the south of France and will expectedly open in spring 2020. Luma Arles is an arts centre designed by Pritzker Prize winner Canadian-American architect Frank Gehry and established by Swiss collector Maja Hoffmann. Gehry has had a reputation as the go-to architect for rejuvenation projects since his Guggenheim Museum Bilbao opened in Spain in 1997. Set on the site of an abandoned SNCF rail yard, Luma Arles will be 56 metres high when complete. It is formed of a concrete core with a steel frame, along with glass boxes and shining aluminium panels stacked around the frame in an irregular formation above a circular glass atrium. Inside the vast circular atrium will recall the Roman amphitheatre in...
The United States has rejected an appeal from India and Switzerland to set up a panel against the US for imposing high import duties on certain steel and aluminium products. Both the countries will now have to file a second request at the dispute settlement body's (DSB) next meeting which the US will not be authorised to reject. India had asked to establish panels after it failed to resolve the issue through a bilateral consultation process with the US under the dispute settlement mechanism of the WTO. "The two argued that the US actions were, in effect and content, safeguard measures and that they were both concerned the US was using national security as a justification for the tariffs,” a Geneva-based official told BusinessLine. The WTO's Dispute Settlement Body (DSB) agreed on...
The US dollar dipped against the pound and euro, which marched higher following the news that a draft agreement had been struck between the UK and the EU. LME aluminium has recovered some losses this week after dropping continuously since the second week of November. The contract closed Thursday’s trading at US$ 1941.50 per tonne, slightly lower than the previous closing. Upward momentum is seen in LME aluminium in the short run, as concerns over slow pace in interests rate hikes by US Fed will weigh on the dollar. The contract is likely to trade at US$1,940-1,970 per tonne today. The gap between the cash prices and future prices continues to grow bigger. As on November 22, Thursday, LME aluminium cash (bid) price stood at US$ 1941per tonne, LME official settlement price stands at US$...
According to Shanghai Metals Market, downstream consumers of primary aluminium remained cautious in making purchases across east-China markets on Thursday, November 22, given the recent volatility in prices. The SHFE 1812 contract inched up in the morning trade while spot discounts in Shanghai narrowed down to RMB 40 per tonne to RMB 30 per tonne against the SHFE contract, from RMB 50 per tonne to RMB 40 per tonne in the previous day. In Shanghai and Wuxi, most transactions were seen at RMB 13,740 per tonne to RMB 13,760 per tonne and that in Hangzhou at RMB 13,760 per tonne to RMB 13,780 per tonne, SMM found. Across eastern markets, sellers remained keen to offload cargoes. But purchasing enthusiasm was missing among traders because of the narrowed backwardation structure between the...
Press Metal Aluminium Holdings Berhad, the largest Aluminium smelter in South East Asia, closed its nine months ended 30 September 2018 (9M FY18) with satisfactory results amidst fluctuation in both aluminium price and raw material costs. The company’s revenue in 9M FY18 increased 15.5% to RM6.94 billion, from RM6.01 billion in the same period previous year. The increase was mainly due to higher metal price and the completion of the acquisition of Leader Universal Aluminium Sdn. Bhd. Net profit attributable to shareholders increased 4.6% YoY to RM473.6 million. The higher profit is partly aided by proceeds from insurance settlement. The financial performance would have been stronger if not because of higher raw material prices. Group Chief Executive Officer Tan Sri Paul Koon commented:...
Aluminium auto parts maker and rolled and extrusion product manufacturer Constellium said that the decline of diesel engine will support the use of aluminium in cars as automakers will shift to lightweight cars to meet strict emission targets. Aluminium has become a significant part in the development of premium lightweight vehicles and electric vehicles as a smarter alternative to steel. The metal will continue to play an equivalent role in pushing EVs to the mass market. “If diesel is struggling then in a way it’s good for aluminum,” Constellium Chief Executive Jean-Marc Germain told Reuters. “Aluminum is very well placed to help reduce emissions.” Politicians are calling for bans on diesel vehicles on the ground that it releases greater nitrogen oxides. The European Union is planning...
Xinfa Group, one of China’s top smelters, has been included on a list of exemptions for the winter heating season published by the Liaocheng Economic and Information Technology Committee and reviewed by Reuters. Subsidiaries of Xinfa, which has around 1.4 million tonnes of smelting capacity in Liaocheng, will not have to reduce production this winter. But an alumina refinery owned by Xinfa that can produce 4.4 million tonnes per year would have to cut production by 10 percent from Dec. 1 to Jan. 31, Reuters reported. The measures are much more lenient than during the 2017/18 winter, when China ordered smelters in 28 northern cities to cut production by 30 percent from mid-November to mid-March in order to reduce air pollution. Northern China’s heating season runs from Nov. 15 to March 15....
Tallahassee, the state capital of Florida, has started a can for cash campaign to encourage recycling. The city will pay for every can a resident deposits as a part of its an annual recycling effort. On last Saturday, November 17, the City of Tallahassee in collaboration with Keep Tallahassee Beautiful project held its annual Cans for Cash event. The city has been organizing this event for more than 20 years. The purpose of this event is to reduce landfill waste and space in the city. People were paid 30 cents for each pound of cans they dropped off. On average, the event collects more than 1,000 pounds of used aluminium beverage cans each year. This year, the city was able to surpass that number. The Recycle Coordinator of the City of Tallahassee said the focus on collecting aluminium...
Over the past five years, increased construction activity and expanded energy infrastructure have reportedly spurred the demand for aluminium wires and cables. Thus, the world aluminium wire rod usage increased consequently from 5.87 million tonnes in 2014 to about 6.26 million tonnes in 2017. The usage is further estimated to grow to 6.45 million tonnes in 2018 and by 2025 it is anticipated to reach 8 million tonnes. {newsStudioGallery} According to a research report by Global Market Insights, Inc., global aluminium wire market revenue is slated to exceed US$ 65 billion by 2024. Among some of the top aluminium wire producing countries, Canada is a notable one. Intral Inc., Noramco, Northern Cables are some noteworthy companies in Canada who produce a significant amount of aluminium wire....
Sapa has expanded its existing Crown Window range with the launch of new Crown Flush Window Suite. With a variety of frame, vent, mullion and transom options, Sapa’s new aluminium flush window now offers excellent design flexibility. Crispin Jedrzejewski, Technical Manager at Sapa Building System said: “The inclusion of this suite not only broadens our offering, but it is also an industry first – successfully replicating the look of traditional cottage window frames with aluminium. "The aesthetic is key – with this suite the homeowner can combine a historical external profile with a contemporary internal one, or vice versa, allowing for numerous applications and combinations.” Source: specificationonline.co.uk Aluminium flush window will suit a wide range of residential applications -...
The aluminium producer Aluar, the only aluminium smelter in Argentina and one of the largest in South America has reported 54.5% increase in profits in its half yearly results. Based on the results, It announced peso 2,884 billion (79.71 million US dollars) dividends among its shareholders. The results reported to Argentina's stock exchange regulator Comisión Nacional de Valores (CNV), which was primarily driven by the Argentine peso devaluation. According to a company statement, the distribution of dividends will take place on November 28 as decided upon at the shareholders' meeting. Argentina's peso has fallen 52% against the dollar this year The company reported a gain of peso 4,107.10 billion in profits for the six months closing June 30, which registered an increase of 54.5% compared...
Metals and plastics recycling company Schupan & Sons Incorporated is planning to invest $10.1 million at two locations in Kalamazoo with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation said. The company is adding 40,000 square feet and 50 employees to its aluminium and plastic sales division over the next three years. The aluminium and plastic sales division is a leading Midwestern metals service center specializing in a full line of new aluminium and plastic mill products. The division, headquartered in Kalamazoo, utilizes state-of-the-art technology, producing complex components for the medical device, aerospace, and office furniture industries. source:www.michiganbusiness.org Schupan & Sons is also expanding electronics recycling division and...
Ghana can now access US$ 649 million as the first tranche of the 2 billion dollar Sinohydro infrastructure. In exchange, the country will have to deliver bauxite to China. Mr. Oppong Nkrumah, the Minister of Information, announced the news while addressing journalists at the bi-weekly media briefing in Accra on Wednesday, November 21. He said two sets of contracts had been laid before Parliament namely, the Engineering Procurement Construction contract (EPC) and Deferred Payment Agreements (DPA). He also said the Finance Committee of Parliament would meet on the Agreements and present report to the plenary by the end of the month to pave way for construction work to begin. The construction work on infrastructure would include 84-kilometre Accra Inner City roads, 100-km Kumasi Inner City...
The World Trade Organization agreed that it would hear complaints coming from a range of countries over the US steel and aluminium tariffs and complaints from Washington over retaliatory duties. The WTO's Dispute Settlement Body (DSB) agreed on Wednesday to establish panels to review U.S tariffs of 25 per cent on steel and 10 per cent on aluminium on a host of countries. The WTO will form separate panels to review complaints coming from different countries. U.S. said that a single panel is not good enough to review and hear all of them. There were complaints from European Union, China, Canada, Mexico, Norway and Russia. A seventh request from Turkey for a panel will be discussed during a meeting later Wednesday. The DSB agreed on forming three panels to rule on the legality of retaliatory...
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped by some 29,000 tonnes from Thursday November 15 to stand at 1.424 million tonnes as of Thursday November 22, Shanghai Metals Market data showed. Limited cargoes arrived in social warehouses this week and this accounted for the decline in stocks. Compared to last Thursday, inventories in Wuxi and Jiangsu plunged by 19,000 tonnes to stand at 609,000 tonnes while that in Nanhai and Guangdong dropped by 9,000 tonnes to clock at 20,000 tonnes. The current inventory status in the major Chinese cities is as follow: The A00 aluminium ingot price today, on November 22, rose by RMB20 per tonne after a decline for the past two consecutive days. The price stood at RMB 13,760 per tonne...
The US dollar’s rally paused while the euro rose as the equity selloff eased and demand for risk-averse commodities fell. The greenback was under pressure on some unexpectedly weak US economic data. The pound inched up after a parliamentary group failed to challenge Prime Minister Theresa May’s leadership. Base metals increased for the most part. LME aluminium is showing some upward movement after dropping continuously since the second week of November. The contract closed Wednesday’s trading at US$ 1945 per tonne, higher than the previous closing. Then it increased above the five- and 10- day moving averages as the US dollar dipped. With resistance at the 20-day moving average, it is likely to trade at US$1,945-1,960 per tonne today. As on November 21, Wednesday, LME aluminium cash (bid)...
The state-owned National Aluminium Company (Nalco) announced its plan for Brownfield expansion by five lakh tonnes and Greenfield by six lakh tonnes per annum in the next few years. The navaratna company, which at present produces 4.6 lakh tonnes of primary aluminium, eyes to establish a Greenfield refinery with a production capacity of 1.4 million tonnes or 2 million tonnes in Visakhapatnam. The investment, according to the company, required would be INR 7000 crore to INR 12000 crore. The smelter plant and the captive plant would reportedly involve additional investment. Mentioning about the clearance for investment in the Visakhapatnam project, Nalco Chairman and Managing Director T.K. Chand told The Hindu on Wednesday, November 21, that for the five-lakh tonne Brownfield expansion, the...
