Kazakhstan is preparing to impose long-term export restrictions on specified aluminium foil products and industrial graphite electrodes supplied to other members of the Eurasian Economic Union (EAEU). The measures, outlined in an order signed by the Minister of Industry and Construction on November 5, 2026, will remain in force for several years, with certain exemptions for aluminium foil shipments. The restrictions cover two categories of industrial products of aluminium foil and graphite electrodes. The first includes aluminium foil supplied in rolls that meet specified dimensional and technical requirements. Exports of these products to other EAEU member states will be restricted until November 15, 2030. The second category covers round graphite electrodes used in industrial furnaces....
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...
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Emirates Global Aluminium (EGA) announced on November 4 that the bauxite waste management system is ready at its under-construction Al Taweelah alumina refinery in Khalifa Industrial Zone Abu Dhabi. This is another milestone in the preparation towards production launch of the Al Taweelah alumina refinery in H1 2019. EGA’s goal is to manage the storage and reutilization of the bauxite residue or red mud, the by-product of alumina refining responsibly. The construction of a dedicated storage area for bauxite residue about 30 kilometres from Al Taweelah alumina refinery has been already completed by EGA. Once production starts, bauxite residue will be washed, pressed into a dry cake, and transported to the area for storage using a fleet of sealed trucks. The storage site will be...
Leading global aluminium producer Rusal announced results for the three and nine months ended 30 September 2018. Rusal produced 5.816 million tonnes of alumina in the first nine months of 2018, almost flat YoY. Alumina production stood at 2 million tonnes in Q3 2018, as compared to 1.96 million tonnes in Q3 2017. Sales of alumina dropped by 4.5% to 1.457millio tonnes for the nine months 2018, as compared to 1.526 million tonnes sold through nine months of 2017. Revenue from sales of alumina increased by 34.1% to USD719 million for the nine months ended 30 September of 2018 from USD536 million in the corresponding period of 2017 primarily due to an increase in the average sales price by 40.5%, which was partially offset by a decrease in the sales volumes by 4.5%. Rusal produced 10 million...
Aluminium smelting is the most important power-intensive industry in Iceland. Rio Tinto Alcan operates Iceland’s first aluminium smelter (ISAL) while Century Aluminium Company operates the second plant. United States-based aluminium manufacturer Alcoa also runs another plant near the town of Reyðarfjörður. With these three major smelting companies present in Iceland, aluminium is one of the main materials exported by the country, which reportedly drives its economy as well. According to the global export-import data, Iceland’s aluminium (both alloyed and non-alloyed) export is seeing a year-on-year rise. In the first half of 2016, Iceland had exported 282,694 tonnes, which in the same period next year rose to 463,000 tonnes. This means the country witnessed a rise in aluminium export by...
According to a Wall Street Journal report, Chinese Cosco Shipping Cop. is in discussion with shipyards in China to order about 25 large ships to ship bauxite from the West African country of Guinea to China for using in the alumina refineries. The development is an extension of a plan by state aluminium major Aluminum Corp. of China (Chalco) to invest US$700 million in Guinea’s Boffa bauxite project to secure supply of the raw material over the next decade. Cosco is working towards increasing its fleet on the back of a long-term contract it signed with Chalco to move bauxite to China from Guinea. Guinea has the potential to be the largest Bauxite supplier in the world with 7.4 billion bauxite reserve which is about 25% of the world’s total bauxite reserves. The country accounts for 95% of...
The US dollar index rebounded and closed at 96.49 last Friday on upbeat US non-farm payrolls. However, concerns about data for the upcoming service purchasing managers’ index (PMI) limited the rise of the US dollar. LME and SHFE base metals ended higher for the most part on Friday night. Aluminium rose 0.56%. LME aluminium surged twice and touched a high of US$2,005.5 per tonne last Friday night after closing the day’s trading at US$ 1967 per tonne. Limited support brought it to settle at US$1,987 per tonne. It is expected to trade at US$1,960-2,010 per tonne today. As on November 2, Friday, LME aluminium cash (bid) price stood at US$ 1966.50 per tonne, LME official settlement price stands at US$ 1967per tonne; 3-months bid price stands at US$ 1984.50 per tonne, 3-months offer price is...
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped some 25,000 tonnes from Thursday November 1 to stand at 1.5 million tonnes as of Monday November 5, Shanghai Metals Market data showed. Supplies shrank while outflows from social warehouses remained stable and this accounted for the decline in inventories of primary aluminium over the weekend. In Wuxi and Jiangsu, the inventory declined to 643,000 tonnes today, from 659,000 tonnes on Thursday November 1; in Shanghai and Nanhai, Guangdong, the inventory came in at 342,000 tonnes and 225,000 tonnes respectively. In Gongyi, Henan, the inventory declined to 89,000 tonnes today. The current inventory status in the major Chinese cities is as follow: In another update from SMM, China...
The High Level Clearance Authority (HLCA), headed by Chief Minister Naveen Patnaik, on Saturday, November 3, reportedly gave a nod to investment proposals for setting up six mega manufacturing facilities worth INR 25,845 crore. Out of six investment proposals, three are from Vedanta Ltd. and the rest are from Nalco, Hindalco, and Chiripal Poly Films Limited. According to the report by an official, these proposed large-scale manufacturing units would expectedly create total jobs of around 13,700 across Odisha. Vedanta’s proposal to invest around INR 6, 483 crore for expanding its alumina refinery at Lanjigarh district got an approval from the HLCA, said state industries secretary Sanjeev Chopra. Further, the Anil Agarwal-controlled mining company seeks to expand its aluminium smelter unit...
Hindalco plans to scale up the rolling capacity to 100 thousand tonnes by investing around $180 million in Brazil. Hindalco’s Managing Director and Chief Executive officer Satish Pai made the announcement on Friday, November, 2. “We will do a bit of capacity addition in Brazil where we have 80% market share (in the aluminium segment). We will add another 80-100KT for expanding rolling capacity there,” Satish Pai said. Hindalco, which announced the acquisition of downstream aluminium producer Aleris for $2.58 billion earlier this year through its wholly-owned subsidiary Novelis, expects to close the deal by April 2019. “All is progressing well. Though no clearances have come yet, we don’t have any red flags either. Financial closures will happen when we close regulatory aspects of the...
Altech Chemicals published Quarterly Report for September 2018. The company organized the official ground breaking ceremony for Altech’s held at Johor HPA site during this quarter. The Australian High Commissioner and German Ambassador to Malaysia unveiled official opening plaque. The ceremony was attended by partners from Malaysia, Germany, Japan and Australia. The report also says that the initial stage 1 construction works have commenced in the site. Patent was granted for HPA production process from Kaolin clay. A Certificate of Grant for an Innovation Patent from the Australian Patent Office was received during the quarter, for the Company's process of producing high purity alumina (HPA) from kaolin. Altech originally filed the patent titled 'A Method for the Preparation of Alumina'...
Vedanta Limited, Jharsuguda’s Aluminum Smelting Business & Captive Power Plant (CPP) and Thermal Power Plant Business received Golds of the Kalinga Safety Awards for the 2017 for its excellent safety practices at the Odisha State Safety Conclave (OSSC) 2018 on 2nd November 2018 at Bhubaneshwar. Mr. Abhijit Pati, CEO of Vedanta Ltd. Jharsuguda said: “this award is a recognition of our consistence effort to ensure a zero harm environment in and around our operation. We dedicate it towards the vision of our chairman Mr. Anil Agrawal and committed effort of our employees and partners in imbibing a safety first culture’. The awards were presented to Vedanta Ltd., Jharsuguda by the Honorable Governor of Odisha – Prof. Ganesh Lal along with the President of Odisha State productivity council –...
Five global container port operators together have reportedly undertaken a week-long initiative of mass recycling in order to promote sustainable resource usage in their respective port and facility networks. During the fifth annual Go Green Initiative, a total number of 8,332 employees of DP World, Hutchison Ports, PSA International, Port of Rotterdam and Shanghai International Port Group had participated and collected 1,966 kg of aluminium cans and 2,227 mobile phones for recycling. They had chosen these two different kinds of products for recycling on purpose - 1) aluminium cans are one of the most recyclable waste items and 2) mobile phones are e-waste that contains many valuable resources as well as toxic components that can negatively impact both human health and the environment if...
According to the data shared by Shanghai Metals Market on Friday, November 2, spot aluminium discounts across eastern markets expanded while sellers held offers firm after prices of futures came off from earlier highs. The SHFE aluminium contract for November delivery fell below RMB 13,480 per tonne after initially climbing to a high at RMB 13, 915 per tonne in morning trade. In Shanghai, spot discounts were found at RMB 50 per tonne to RMB 40 per tonne, compared to RMB 40 per tonne to RMB 30 per tonne in the previous day. Transactions, on the other hand, wer e mostly done at RMB 13,790 per tonne to RMB 13,800 per tonne in Shanghai and Wuxi, while that in Hangzhou were at RMB 13,820 per tonne to RMB 13,830 per tonne. The drop in prices over the last three days, however, provoked the...
The US dollar reached multi-month highs last week and reversed some of the gains by the end of the week. The strong dollar along with the absence of strong market fundamentals put pressure on LME and the LME official settlement price plunged to the lowest since August 2017. The LME aluminium contract started the week with a gain at US$1980.5 per tonne and continued falling to reach US$ 1946 per tonne on November 1. The contract closed the week slightly higher at US$ 1967 per tonne on Friday November 2. Though it is slightly higher than the lowest, it continued its three-day losing streak and ended the week in the black. LME aluminium is likely to trade at US$1,960-2,000 per tonne over next week. As on November 2, Friday, LME aluminium cash (bid) price stood at US$ 1966.50 per tonne, LME...
Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, announced Q2 FY19 results for Utkal Alumina, Hindalco standalone, as well as Aluminium Business. The company reported 5% increase in its Q2 FY2019 revenue at INR10,833 crore against INR10,313 crore in Q2 FY18. EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) at Rs.1,922 crore in Q2 FY19, compared to INR1825 crore in Q2 FY18. Net profit jumped 54% to INR 725 crore in Q2FY19 against INR470 crore in Q2FY18. The performance rode on the back of supporting macros, improvement in operational efficiencies and better realisation. This was despite increase in input costs, mainly of coal and furnace oil. Revenue from its aluminium segment rose 18% to INR 6,135 crore, as compared to INR5,218 crore...
Cleveland-based rolled aluminium firm Aleris International Inc. announced on November 1 that it received the prestigious “Industrial Performance” award from Airbus, an international pioneer in the aerospace industry. The award recognises Aleris for continuous accomplishments in the field of Aerostructures and Materials, highlighting its superior performance in the area of high-quality product delivery and for the strong collaborative business partnership it has developed with Airbus. On receiving this prestigious recognition, Sean Stack, Chairman and CEO of Aleris, said: "We are proud to have received the prestigious Best Performer Award to mark our strategic partnership. This is a great honor and motivation for everybody within Aleris. Our whole team looks forward to future collaboration...
The Government of India is likely to postpone the imposition of higher import duties once again on American goods by another 45 days, a finance ministry official told Cogencis. “The government will soon issue the notification regarding the same. The hike in import duty on US goods is likely to be deferred by another 45 days,” the official said. The new deadline for imposing higher tariffs on the US would be December 17 to December 18. This will be the third time for India to have extended the deadline for imposing higher tariffs on US imports following President Donald Trump’s decision to raise tariffs on imported aluminium and steel products. In June, the government had decided to impose tariffs on US goods from August 4, which later on, got extended to September 18 and then to November...
SNSTech, an Austin-based tech firm, has reportedly launched a resealable, 100 per cent aluminium drinks can called SipNShut. It has zero percentage of plastic and is fully recyclable. Designed by Bill Brandell, President of SNSTech, the can is specially made in response to consumer demand with an easy sliding function to open and close ensuring a smooth pour. “We did our homework and without doubt consumers want reclosable cans but the options on the market today are not attractive,” Brandell said. “They mix plastic and metal, don’t work well on canning lines and are awkward for consumers to open. We focused on fixing all of those issues,” he added. While cans have become increasingly popular over the last several years, they have not kept pace with the how and where consumers drink their...
Germany’s automotive industry generates a large amount of aluminium scrap. Every year, the country exports around 1 million tonnes of scrap and it tends to grow year on year. According to the global export-import data, Germany had exported 1.05 million tonnes of aluminium scrap in 2016, which further grew by around 2 per cent in the subsequent year to 1.07 million tonnes. This year is estimated to prove no exception and extend a growth of 8.4 per cent to 1.16 million tonnes. Some of the major scrap suppliers in Germany are WMR Recycling, Harita Metals Co, ScholzAlu Stockach GmbH, and TSR Recycling GmbH & Co. KG. Germany also imports some good amount of aluminium scrap for its domestic industry. But this year the amount is estimated to stand down by 1 per cent at 782,516 tonnes, compared...
