The London Metal Exchange (LME) aluminium price graph broke the rising streak on October 29, cooling after maintaining an upward trend for seven consecutive sessions. The session reported declines of nearly 1 per cent across the cash and near-term contracts over the October 28 close . The LME aluminium cash bid price dropped by 0.95 per cent from USD 3,100 per tonne to USD 3,070.5 per tonne. The offer price slipped from USD 3,101 per tonne to USD 3,071 per tonne, down 0.98 per cent day-on-day. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,083.5 per tonne to USD 3,062 per tonne, decreasing by 0.7 per cent. The offer...
Following major international fitness trade gatherings like FIBO, commercial gym operators and wellness studios are expanding their mind-body exercise offerings. Global market demand for commercial Pilates equipment continues to accelerate across Europe, North America, and the Asia-Pacific region. In particular, lightweight yet structurally resilient aluminium reformers have become the preferred choice for modern studio spaces. However, this sudden surge in commercial demand presents significant procurement challenges for studio managers, franchise operators, and equipment distributors. While exhibition halls and online B2B platforms showcase hundreds of visually similar machines, the underlying structural engineering varies dramatically between manufacturers. Evaluating a wholesale basic...
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On Wednesday, October 16, Alcoa Corporation, the world’s eighth-largest aluminium producer, announced its third-quarter results that reflected sequential increases in net income and Adjusted EBITDA amid declines in production and shipments. According to the figures revealed by Alcoa, the company encountered a havoc surge in net income from $20 million in Q2 2024 to $90 million in Q3 2024, driven by skyrocketed alumina prices amid stable raw material costs. Adjusted net income was $135 million in Q3 2024 versus $30 million in Q2 2024. However, on an annual basis, Alcoa’s net income and adjusted net income shrank from $168 million and $202 million, respectively. Alcoa’s Adjusted EBITDA (excluding special items) jumped by 250 per cent Q-o-Q and 550 per cent Y-o-Y, amounting to $455 million...
A Charles Paillard-led research project from the University of Arkansas has been awarded $975,000 from the US Department of Energy to develop a cost-effective computational system. Two additional physics professors from the University, Laurent Bellaiche and Gregory Salamo, are the co-principal investigators on the project. The grant comes from the Department of Energy's Established Program to Stimulate Competitive Research (EPSCoR). Paillard, research professor of physics and director of the Smart Ferroic Materials Center at the University, is delving deep into aluminium scandium nitride at an atomic level to fasten computers, which will consecutively prove energy efficient immensely. In the US, data centres account for 2 per cent of energy consumption and are predicted to rise as the...
Nupur Recyclers Limited, a leading importer and processor of non-ferrous metal scraps, has announced its venture into aluminium extrusion manufacturing through a subsidiary, Nupur Extrusion. As per the report, the company has earmarked an investment of INR 180 million (approx. 21 million) for the plant to address the growing demand for recycled aluminium products, particularly from the solar energy and construction industries. Nupur Extrusion was established in May 2023 by Nupur Recyclers Limited with a 60 per cent share, aiming at producing aluminium extrusions from recycled aluminium scrap. Nupur Recyclers has purchased two acres of land in Sampla, Bahadurgarh, Haryana, for the new extrusion plant and started construction. Expected to be commissioned by the financial year 2025-26, the...
The leading Australian engineering group, Monadelphous, has announced receiving new contracts and extensions valued at approximately A$160 million (US$106.99 million). The company has secured two one-year extensions for fixed plant maintenance services and sustaining capital projects across Rio Tinto’s iron ore operations in the Pilbara region of Western Australia. Additionally, Monadelphous has been awarded a contract for the fabrication, supply, installation, and commissioning work at Rio Tinto’s Tom Price mine. The project is expected to be completed by mid-2025. In a further development, Monadelphous has also secured a new three-year contract for minor project works at South32’s Worsley Alumina operations in Western Australia. This follows the recent maintenance and shutdown services...
During the first ten days of Rock in Rio Brazil 2024, held from September 13 to 22 and attracting over 730,000 attendees, Rede Movimento, in partnership with Novelis and the National Association of Recyclable Material Collectors (Ancat), successfully collected and sent over 8 tonnes of aluminium cans for recycling. The material will first be processed at Novelis' collection centre in São Gonçalo, Rio de Janeiro, before being transported to their factory in Pindamonhangaba, São Paulo. The initiative employs blockchain technology to guarantee traceability and transparency throughout the process, enabling data related to energy savings, social impact, raw material extraction, and avoiding carbon emissions to be tracked. "We work to ensure that the material consumed is recycled and returns to...
The China Nonferrous Metals Society recently held an evaluation meeting on scientific and technological advancements in Beijing, where experts unanimously recognised two breakthrough achievements by the Shenyang Aluminum and Magnesium Institute. These include the "Full Cycle Optimisation Technology for Aluminum Reduction Cell Design, Construction, and Operation Based on Model and Data Integration" and the "Development of Organic Flue Gas Treatment Technology and Equipment for Carbon Products in the Aluminum Industry." Both were deemed to have reached a world-leading level. Full cycle optimisation technology of aluminium reduction cell design-construction-operation based on model and data fusion To address the issues of isolated data storage and fragmented information exchange during the...
In September 2024, China's aluminium production increased by 1.45% compared to the previous year, aligning with the expected figures from the Shanghai Metal Market. The operation resumption in Sichuan and Guizhou after technical upgrades boosted the production on a year-on-year basis. However, on a month-on-month calculation, the output is likely to have decreased from 3.689 million tonnes to 3.574 million tonnes, possibly due to estimated slower production in Yunnan. Due to the traditional peak season during September and October, the production and demand for downstream alloy products increased, driving the proportion of liquid aluminium up by 0.7 percentage points M-o-M and 0.6 percentage points Y-o-Y to approximately 73.76 per cent. As a result, the casting ingot production decreased...
Rio Tinto, a leading global mining group, has announced its production and operational results for the third quarter of 2024 ended September 30. Overall, the company has achieved many new milestones across its operations, including a surge in bauxite production. Overview of bauxite production The Q3 report revealed that Rio Tinto's bauxite output reached 15.1 million tonnes, recording a Q-o-Q increase of 2.7 per cent from 14.7 million tonnes and a year-on-year rise of 8.6 per cent from 13.9 million tonnes . In nine months, Rio's bauxite production totalled 43.2 million tonnes, up by 9 per cent year-on-year. The persistent rise in Rio's bauxite output through the third quarter of 2024 could be attributed to improved production efficiency owing to the implementation of the Safe Production...
Hydro Energi AS has entered into a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro's Norwegian aluminium plants from 2025 to 2032. This agreement ensures Hydro will receive 2 TWh from Skellefteå Kraft's SE2 portfolio over the next eight years, supporting the company's aluminium smelters in Norway. Long-term PPAs are essential for Hydro to maintain its leadership in low-carbon aluminium production globally. Renewable energy is critical to producing aluminium in Norway, reducing the carbon footprint by approximately 75 per cent compared to the global average. It also plays a key role in advancing Hydro's technology roadmap toward achieving zero emissions by 2050. This power contract will be integrated into Hydro's Nordic power...
Aluminium Bahrain B.S.C. (Alba) from Bahrain and Alcoa Corporation from the United States of America have extended their long-term relationship by signing yet another strategic agreement. They have renewed their alumina supply contract under which Alcoa has agreed to supply up to 16.5 million tonnes of smelter-grade aluminium oxide to Alba for ten years, starting from 2026. This renewed contract will make Alcoa Alba’s third-largest alumina supplier. The alumina will primarily come from Alcoa’s Western Australia refinery, strengthening Alcoa's position as a reliable source of alumina. At the same time, it will benefit Alba by providing good quality raw materials for producing primary aluminium. On renewing the contract, Alba’s CEO Ali Al Baqali commented: “Our long-standing partnership...
Ratan Tata, a global icon known for his ethical business strategic initiatives, investments, and a focus on sustainability and innovation, marks contributions to India's aluminium industry. Born on December 28, 1937, he played a crucial role in transforming the Tata Group into a global powerhouse in his tenure from 1991 to 2012. As he passed away on October 9, 2024 (at the age of 86), we reminisce on his copious contributions to the aluminium industry: Tata Aluminium : Between the 1990s and early 2000s, Ratan Tata realised the potential of the aluminium sector as a principal component of India's industrial growth. He formed Tata Aluminium as part of the Tata Group's diversification strategy. Later, the collaborative venture with Alcan (now part of Rio Tinto) was significant, which...
Automotive Precision Technology (APT), a Tier 1 and Tier 2 provider of aluminium extrusion components and providing lightweight solutions, has been certified by the ASI Performance Standard V3 (2022) Certification for the production of machined and fabricated aluminium components and sub-assemblies. The facility offers build-to-print manufacturing services, utilizing customer component designs and incorporating a Design for Manufacture (DFM) process. These include parts for sunroofs, electric vehicle (EV) batteries, car bodies, and chassis. This certification applies to their Automotive Precision Technology (APT) – Sole Proprietorship LLC facility in Abu Dhabi, United Arab Emirates. This certification covers APT’s facility, which provides build-to-print manufacturing services using...
The Ministry of Investment, Industry, and Trade of Uzbekistan has signed an investment agreement with Ernest Packaging Solutions to build a cutting-edge aluminium beverage can production facility at the Navoi Industrial Development Complex. With an investment of around $100 million, the plant will be able to produce over 1.5 billion aluminium cans annually. About the project The project is set to generate more than 200 skilled jobs, bolstering the local economy. The facility is expected to be operational by fall 2025. Khurram Teshabaev, Deputy Minister of Investments, Industry, and Trade, emphasised the importance of the project, stating that aluminium beverage packaging production marks a significant technological advancement for Uzbekistan. "It is planned to export more than 30 per cent...
Sculpture Trails Outdoor Museum (STOM) is back with its annual aluminium pour. The 22nd edition of the event is all set to take place on October 19 in Solsberry, Indiana. Founder Gerry Masse, his entire team and artist interns bring alive the art of metal to the public. The day-long event usually starts at noon and concludes at 6 in the evening, where scrap aluminium is poured every hour in one of the two foundries under 3000 degrees of heat and then moulded into various shapes. People can experience the reality of aluminium production as they walk through the trail and feel the heat from the foundry, marvel at previously built structures, and witness sparks fly all over as aluminium fills the mould. The annual aluminium pour is not just a fun day out, but also an educational experience....
In a pivotal time of green transition, a homegrown brand from UAE, SunKiss, has announced the introduction of aluminium refill bottles for its products to reduce single-use plastic wastage. The 'forever' aluminium bottles are designed for indefinite usage, providing customers with eco-friendly products for their suncare regime. As a part of a larger sustainability initiative, the usage of reef-safe ingredients and the exclusion of harmful chemicals, SunKiss' recent initiatives beam with the tagline 'reuse, refill, relove’. Founder Joanna Barclay believes maintaining qualitative products in an eco-friendly initiative brings the brand closer to its goal of sustainable skincare that is accessible to all. SunKiss is a collection of clean, conscious, premium sun care and lifestyle products...
Eco-functional drinks brand Water Almighty has introduced two new aluminium-bottled waters – Mighty Pure and Mighty Minerals – which will be available starting this month. These products are at the forefront of the brand's mission to "transform the bottled water industry with sustainable, functional hydration solutions." Packaged in 500ml aluminium bottles that are infinitely recyclable and resealable, the drinks are designed for reuse, supporting a shift towards more sustainable water consumption. Priced at £2 per 500ml bottle, both options provide consumers with an eco-friendly alternative to plastic bottles. Melvin Jay, founder of Water Almighty, said, "Water Almighty is not just about providing great-tasting, functional water. We're on a mission to make sustainable drinks the norm by...
Cadoux Limited, a leading producer of high-quality critical minerals for use in electric vehicles and high-tech applications, has reportedly acquired an $848,880 R&D tax incentive offset payment for its work-in-progress critical mineral projects that will innovate process design to produce first-class high-purity alumina and for its Minhub downstream rare earth production strategy in Darwin. With this financial benefit, the company will step up its HPA and Minhub projects in line with Australia’s emerging critical minerals policy that aims to strengthen the supply chain for critical minerals to meet the growing demand for raw materials essential in producing high-tech products. A share of the R&D fund will be utilised in commercial development of Cadoux’s HPA process design project for...
On October 14, 2024, Stellantis CEO Tavares stated that the European Union's decision to impose tariffs on Chinese-made electric vehicles (EVs) is expected to accelerate plant closures across Europe. He warned that these duties would likely drive Chinese automakers to establish manufacturing facilities within Europe, compounding the overcapacity issue for local carmakers. As tariffs take effect, European governments—including Italy—are actively seeking to attract Asian automakers, a move that could potentially strengthen their foothold in the region and foster growth in the European automotive sector. Establishing production plants in Europe would enable these companies to bypass the EU's tariffs on imported EVs, provided certain conditions are met. This shift, however, poses a new...
