Finland-based renewable heat technology developer Coolbrook has joined Australia’s Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) as an affiliate partner, bringing its electrified heating technology into research aimed at decarbonising alumina refining and the wider aluminium industry. The collaboration would explore how high-temperature electric heating can support next-generation alumina refineries, reducing reliance on fossil fuels. Coolbrook would work alongside major alumina and aluminium producers, including Emirates Global Aluminium (EGA), Alcoa, Rio Tinto, South32 and Hydro, as well as research organisations of CSIRO and Adelaide University. Initially, it would focus on HILT CRC’s Alumina Refineries’ Next-Generation Transition (AlumiNEXT) project,...
Qingdao Allheart Marine, established in 2012, is a high-tech aluminium boat manufacturer in Qingdao, China. Spanning 42,000 m, the facility produces over 60 vessel models from 4 to 30 meters, including fishing, work, patrol, pilot boats, tugs, water taxis, catamaran ferries, and landing crafts. Certified under ISO 9001, ISO 14001, ISO 45001, and CE, Allheart offers professional OEMper ODM solutions, exporting 50 per cent of its production to over 30 countries across Oceania, Europe, and the Americas. Qingdao, Shandongper China - November 11, 2026 Qingdao Allheart Marine Co., Ltd, a recognised leader in the maritime manufacturing sector, is reinforcing its commitment to international buyers seeking robust commercial watercraft and specialised marine solutions. Operating from an advanced...
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Norsk Hydro CEO Svein Richard Brandtzaeg said on Tuesday, July 24, that despite talks between the company and Brazilian regulators about full production recommencement at Alunorte alumina refinery, no timeline has been set yet on the final ramp-up. "We do not know exactly what it will take for the authorities to lift the embargo, and the timing to get back to 100% is still uncertain," he said during the company's quarterly earnings call. Since February 2018, Norsk Hydro, the major owner of Alunorte, is following Brazilian regulators’ order to operate at 50 per cent cut production rate, as authorities suspected potential leaks from bauxite residue deposits during heavy rainfall. Due to this, the company has also reduced the production capacity at its Paragominas bauxite mine and Albras...
The US dollar index fell 0.05% to close at 94.58 with pressure from a stronger euro, which was buoyed by robust German economic data. LME base metals rose across the board overnight. After closing yesterday’s trading lower at US$ 2082 per tonne, LME aluminium rallied twice, and hit a high of US$2,114 per tonne as the US dollar weakened during night trading. LME inventory increased 2,850 tonnes to 1,212,125 tonnes overnight. As the probability for the US to lift its sanction against Rusal increases, LME inventory is likely to pile up further in the near term as the panic buying has saturated . The contract will feel pressure at the US$2,100 tonne level, and the contract is expected to trade at US$2,065-2,100 per tonne today. As on July 24, LME aluminium cash (bid) price stands at US$ 2080...
According to the latest update by Shanghai Metals Market, larger aluminium spot discounts have resulted in narrow trading activities in the east China spot aluminium market as sellers there showed slight reluctance in offloading cargoes on Tuesday, July 24. Yesterday, spot discounts in the east were mostly seen at RMB 90 per tonne to RMB 80 per tonne against the SHFE August contract, compared to the spot discounts of RMB 80 per tonne to RMB 60 per tonne in the previous day. Trading in the east remained thin as traders and downstream consumers adopted a wait-and-watch stance. Most transactions in Shanghai and Wuxi were done at RMB 14110 per tonne to RMB 14230 per tonne; while in Hangzhou, transactions were at RMB 14120 per tonne to RMB 14140 per tonne. Traders in the south were also...
Hydro in its latest report has unveiled results of the second quarter of 2018, covering each product like bauxite, alumina, primary aluminium, and downstream exclusively. In one of our previous news, we have already discussed the results of bauxite and alumina production. Now, coming to primary aluminium, Hydro’s underlying EBIT shrank from NOK 823 in Q1 2018 to NOK 755 in Q2 2018, registering a decline of 8 per cent and 49 per cent from NOK 1486 in Q2 2017. The EBIT for H1 of the present calendar year also dropped to NOK 1578, compared to NOK 2386 in the contemporary period last year. The drop in EBIT was primarily due to higher raw material and fixed costs and negative currency effects, partly offset by higher all-in metal prices. According to Hydro President and CEO Svein Richard...
According to China customs data, alumina export from China stood at 118,000 tonnes in June, up 24 per cent from May’s export of 89,999 tonnes. This marks the highest level since the year 2002. The exports during May and June, at 208,000 tonnes were in line with SMM’s expectation. Moreover, with the reopening of export windows, new export orders for alumina were heard to be signed this month, which is likely to create an impact in the export data for July and August. Separate, China imported 50,000 tonnes of alumina in June, bringing the net export to 68,000 tonnes last month. As logistics source with operations in China confirmed, Chinese traders were stockpiling alumina to increase the export volume and reap profits from record prices for spot cargoes, attributed to US sanctions of UC...
Chinese aluminum foil producer Shantou Wanshun Package Material Stock Co. on Monday said its subsidiary is suing the United States over twin anti-dumping and anti-subsidy duties Washington imposed on its shipments. In a statement to the Shenzhen Stock Exchange, Wanshun said Jiangsu Zhongji Lamination Materials, which was hit with a countervailing duty of 17.14 percent and an anti-dumping duty of 37.99 percent earlier this year, had filed a lawsuit with the U.S. Court of International Trade. Zhongji was among the Chinese foil companies that unsuccessfully filed a joint “no injury” claim with the U.S. International Trade Commission last year as Washington probed whether the companies were unfairly subsidised, and is now trying to reverse the duties on its own. The total duties of 55.13...
Alba’s top-line and bottom-line for the second quarter and first-half of 2018 were primarily driven by higher sales volume, higher LME prices (an increase of 18% Year-over-Year (YoY)) and the impact of Line 5 recovery in Q2 2017. The Company generated a Net Income of BD 29.1 million (US$ 77.4 million) in the second quarter of 2018 versus BD 17.7 million (US$ 46.9 million) for the same period in 2017, up by 65% YoY. With regards to Total Sales/Revenues, Alba reported BD 244.0 million (US$ 648.9 million) in Q2 2018, up by 36% YoY, compared to BD 179.3 million (US$ 476.9 million) in Q2 2017. Earnings per share (EPS) in this quarter were fils 21 versus fils 12 in Q2 2017. With regards to the first half of 2018, Alba’s Net Income stood at BD 63.0 million (US$ 167.5 million), an increase of 46%...
Hydro released it Q2 2018 results reporting an underlying EBIT of NOK 2713 million, down 7% from the same period in 2017 and 14% QoQ. 50% production at Alunorte, Paragominas and Albras and higher costs affected the total results considerably. Underlying EBIT for Bauxite & Alumina decreased significantly compared to the second quarter of 2017. The Underlying EBIT for the quarter stood at NOK 364 million, down 45% from NOK 662 million in Q2 2017 and down 51% from NOK 741 million in Q1 2018. The EBIT for H1 2018 also drops to NOK 1,104 million from NOK 1418 million in H1 2017. The negative results were attributed to the reduced production at both Alunorte and Paragominas, whose outputs were curtailed to 50%. Higher raw material prices partly offset by higher realized alumina sales prices in...
Ghana Vice President Dr. Mahamadu Bawumia has declared that the establishment of Ghana Integrated Bauxite and Aluminium Development Authority is about to complete and almost ready to add value to country’s mineral resources. He explicitly said, "We are almost at the end of establishing a government holding company by name Ghana Integrated Bauxite and Aluminum Development Authority (GIBADA). The bill establishing GIBADA is already laid in parliament awaiting passage." He further explained that Ghana being one of the richest sources of bauxite can yield substantial benefits for the country’s citizens if developed further and help curb the unemployment situation. "With production rate of about 10 million tonnes metric tonnes of alumina annually, production could last well over 50 years,"...
The US dollar climbed up steadily and closed at 94.62 last night. Most base metals fell for the most part with pressure from a strengthened US dollar. The LME aluminium contract closed at US$2130 per tonne on Monday July 23, up from the last closing. The contract tested pressure at the 20-day moving average and touched a high of US$2,081 per tonne overnight, given the prospect of sanctions against Rusal being lifted. It is likely to trade at US$2,050-2,080 per tonne today. As on July 23, LME aluminium cash (bid) price stands at US$ 2128 per tonne, LME official settlement price stands at US$ 2130 per tonne; 3-months bid price stands at US$ 2076 per tonne, 3-months offer price is US$ 2077 per tonne; Dec 19 bid price stands at US$ 2120 per tonne, and Dec 19 offer price stands at US$ 2125 per...
After a fall on last Friday, April 20, A00 aluminium ingot price recorded a rise in two consecutive days this week. On April 23, the price increased right from RMB 13910 per tonne to RMB 14070 per tonne, followed by a further hike to RMB 14120 per tonne today, April 24, Shanghai Metals Market found. The average price is expected to range between RMB 14100 per tonne and RMB 14140 per tonne, with spot discounts to settle at RMB 100 per tonne to RMB 60 per tonne. In the east China, the ingot price today also recorded at RMB 14120 per tonne, after rising from RMB 14070 per tonne as on April 23. In South and North, on the other hand, the ingot price grew from RMB 14205 per tonne to RMB 14245 per tonne and from RMB 14050 per tonne to RMB 14110 per tonne, respectively. This rise in primary...
Arfin India, which is one of India’s leading aluminium products manufacturing companies has been consistently upgrading its product categories through innovative techniques and research to stand tall in its category. The company has consistently improved its earnings before interest, depreciation, tax and amortisation (EBIDTA) margin from 3.4 per cent in FY13 to 8.1 per cent in FY17, through cost optimisation, scale and better pricing. The company’s newly added value added product portfolio has been contributing to overall margin increase. During 2013-17, volumes grew 22 per cent annually and revenues rose at CAGR 20%. During FY18, it delivered a strong 40 per cent sales growth and 67 per cent increase in net profit to INR 21.7 crore. Arfin manufactures aluminium wire rod, aluminium deox,...
12 bungalows at Killymoon Crescent in Cookstown, Northern Ireland have been refurbished by the Housing Executive at a cost of £300,000. The residents are now looking forward to a more convenient and comfortable winter after the renovation. The prefabricated aluminium bungalows were built in 1950. The buildings have been transformed with what is known as a ‘thermal comfort scheme’. These renovations are expected to add the value for money and thermal efficiency of the aluminium bungalows. Since the buildings were old, the thermal comfort scheme is designed to improve the condition of the bungalows to match up to the current building standards and to meet the needs of existing tenants and future applicants. The roofs, external doors and walls, windows, guttering and down pipes of the 12...
Novelis, the US-based downstream arm of India’s largest aluminium producer Hindalco Industries Ltd, is closing in on a $2.3-2.5 billion acquisition of Aleris Corp. Talks between both sides are gathering momentum after a lull of over six months, said several people with knowledge of the matter. The discussions are now being steered by Aditya Birla Group chairman Kumar Mangalam Birla himself, they said. He stepped in to lead talks with the private equity owners of Aleris to get negotiations moving again. This follows talks of more than a year between China Zhongwang Holdings Ltd,that country’s biggest supplier of processed aluminium, and the Cleveland-based aluminium parts maker having floundered on heightened US national security concerns. This follows talks of more than a year between...
Saudi Arabian Mining Company (Ma’aden) reported that its subsidiary Maaden Bauxite and Alumina Company (MBAC) has signed an agreement with the Public Investment Fund (PIF) to amend the terms of its existing loan of SR3.75 billion ($1 billion) which has been reduced to SR3.506 billion ($935 million) through previous repayments. A major player in the region, MBAC is 74.9 per cent owned by Maaden and 25.1 per cent by US aluminium giant Alcoa Corporation. MBAC’s bauxite mine produced 3.7 million tonnes of bauxite, and the refinery produced 1.48 million tonnes of alumina from which the smelter produced 762Kmt of aluminium. MBAC has also signed a financing agreement with a number of local and regional commercial banks for SR4.245 billion ($1.132 billion). The funding will refinance the existing...
As aluminium prices surged driven by its LME counterpart, downstream consumers in the east and south China spot aluminium markets held back from purchasing on Monday July 23, Shanghai Metal Market said. This accounted for sluggish trades across the regions. The average A00 aluminium ingot price in China stands at RMB 14070 per tonne, RMB 160 up per tonne from last Friday’s price. the below table shows average aluminium prices across different markets. Both the SHFE 1808 and SHFE 1809 contract jumped in the morning. Spot transactions in Shanghai, Wuxi and Hangzhou were mostly heard at RMB 14,060-14,080 per tonne with discounts of 80-60 per tonne against the SHFE 1808 contract. The SHFE 1809 contract was pushed up by its LME counterpart to a high of RMB 14,140 per tonne. It closed at RMB...
The US Treasury secretary Steven Mnuchin said on Friday that Rusal is likely to be taken off the US list of sanctioned entities if acceptable solutions can be found. The LME aluminium contract closed the day’s trading at US$2075 per tonne. The contract then broke pressure at the five-day moving average and surged to a high of US$2,047 per tonne overnight on Friday as the US dollar fell. It closed at US$2,042.5 per tonne with LME inventory reaching 1,208,400 per tonne. Shanghai Metals Market expects LME aluminium to trade at US$2,030-2,055 per tonne today. As on July 20, LME aluminium cash (bid) price stands at US$ 2074.50 per tonne, LME official settlement price stands at US$ 2075 per tonne; 3-months bid price stands at US$ 2029 per tonne, 3-months offer price is US$ 2031 per tonne; Dec...
Right from Amazon to Toyota to Alcoa, big companies in the United States are striving hard to discourage the US President Donald Trump from tearing up trade agreements or introducing additional imported tariffs on aluminium and steel and foreign vehicles, but without getting involved into any kind of confrontation. Amazon, the world’s largest online retailer and cloud-computing company is planning industry-wide advertising campaigns or more extensive government lobbying to dissuade Trump from tariff plans, fearing that they could hurt their items sold through website and components for data centres. A person familiar with the matter reported this news to Reuters on condition of anonymity. Amazon, however, refuses to decline anything on this report. Toyto Motor North America has sent...
