Aluminium prices recorded another gain on October 30, extending their late-month recovery as improving Chinese industrial indicators provided a supportive backdrop for the non-ferrous metals market. The latest movement comes amid a mixed demand environment, with stronger manufacturing activity and higher primary aluminium production in China contrasting with a broader slowdown in downstream purchasing. The benchmark aluminium quote reached USD 3,076.8, supported by a positive trading session. However, the recovery remains incomplete, with prices yet to return to the higher levels recorded earlier in the autumn. Aluminium rebounds from its late-October decline The daily price chart indicates a prolonged decline through June, followed by relatively stable trading and intermittent recoveries...
A major police operation in India’s Uttar Pradesh has exposed an inter-district network allegedly involved in stealing electricity transformers and selling their internal metal components, including aluminium wire and copper binding, to scrap dealers. Police in Kanpur, Uttar Pradesh, have busted an inter-district transformer theft gang and arrested eight people, including a scrap dealer accused of purchasing stolen materials. The operation led to the recovery of aluminium wire, copper binding, transformer coils and cash allegedly generated through the sale of stolen electrical components. The gang reportedly operated across several districts, including Kanpur Dehat, Unnao, Lucknow and Fatehpur. A joint team comprising Chaubeypur police, the Special Weapons and Tactics (SWAT) unit and West...
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Arrow Minerals Limited is pleased to announce a significant step forward in its expansion strategy with the entry into a Share Purchase Option Agreement (the Agreement) to acquire the Niagara Bauxite Project situated in Guinea. Guinea is currently the world's largest exporter of high-grade, low-impurity bauxite, and this acquisition marks a significant milestone for Arrow Minerals. Arrow Minerals Limited, listed on the Australian Stock Exchange, is an exploration and development company focused on delivering long-term shareholder value by discovering economic mineral deposits in West Africa. Strategic expansion in bulk commodities The Niagara Bauxite Project is recognised as an advanced asset with a rich exploration history. Located just 100 km from the Simandou railway, set for...
In a recent statement, the Global Trade Research Initiative (GTRI) highlighted that the European Union's suggestion for India to impose a local carbon tax as a workaround to the EU's upcoming carbon tax would offer little respite to Indian industries. Despite implementing a similar domestic levy, Indian exporters would still face the EU's Carbon Border Adjustment Mechanism (CBAM) for their European shipments, GTRI explained on July 31, 2024. GTRI aims to create high-quality, transparent outputs for governments and Industries on trade, technology, and investment issues from the development and inequality reduction perspective. The core issue lies in the economic disparity between countries. Carbon prices typically reflect a nation's economic standing, meaning that introducing a local...
On July 31, the LME aluminium three-month contract opened at US$2,234.50 per tonne, reached a high of US$2,324.50 per tonne and a low of US$2,229.50 per tonne, and closed at US$2,315 per tonne, up US$77 per tonne or 3.44 per cent. After a month-long relentless decline, LME aluminium cash bid price and LME aluminium official settlement price gained US$89 per tonne and US$90.50 per tonne, respectively, on July 31. The prices thus stood at US$2,250 per tonne and US$2,252 per tonne, buoyed by increased market liquidity after China lowered its deposit rates and Canada’s rate cut met expectations. To boost market confidence further, China has made some more systematic arrangements. On the same day, 3-month bid price and 3-month offer price also increased by US$70.50 per tonne and US$72 per...
KEMET's aluminium polymer rectangular capacitors, part of the APL90 series, have now been added to the Rutronik portfolio. These uniquely AEC-Q200-qualified capacitors are designed to meet the stringent demands of 48V vehicle applications and platforms requiring compact designs. The Florida, United States-based KEMET Corporation, a subsidiary of Yageo Corporation, is a leading manufacturer of a broad selection of capacitor technologies. These include tantalum, aluminium, multilayer ceramic, film, paper, polymer electrolytic, and supercapacitors. KEMET's diverse range of products helps its customers build a better tomorrow. The series currently offers a high capacitance of 1,100µF and a rated voltage of 63VDC, coupled with good vibration resistance and high ripple current capability....
India has seen a notable decline in imported aluminium scrap prices w-o-w, attributed to decreased LME aluminium prices. Prices for all grades have fallen by up to 4 per cent this week, leading to market uncertainty and a cautious approach among market participants. Meanwhile, three-month LME aluminium prices were at $2,225 per tonne, down 4 per cent w-o-w. Stocks at LME-registered warehouses stood at 940,125 tonnes. Aluminium prices are still hovering at three-month lows. Additionally, amid the European holidays, bid-offer disparity has emerged in the market. Market uncertainty, lack of firm offers A seller source stated: "Prices of all major aluminium scraps have declined. Plant owners are facing challenges with finished materials and a lack of orders, making it difficult to sell in the...
Ball Corporation and Minalba Brasil have won Fast Company's 2024 Innovation by Design Award in the Latin America category for their braille-embossed aluminium can lid. This innovative lid, the first of its kind in the Brazilian market, features braille options for both water ("agua") and sparkling water ("agua gas"). "We teamed up with Minalba Brasil to help remedy a prevalent yet complex issue in the visually impaired community: reading can labels. Together, we created an aluminium can with a braille-embossed lid that helps individuals with visual impairments know what they're grabbing from the cooler," said Ball Corporation. About the significant breakthrough Hugo Magalhães, Ball's Global Director of Marketing, explained that this breakthrough is significant because braille is...
The global mining and metal giant Rio Tinto has demonstrated impressive performance in aluminium and copper, compensating for declining iron ore earnings and increased labour costs in Australia. For the six months ending June 30, the company reported a profit after tax (PAT) of $US5.8 billion ($A8.9 billion), showing a slight increase from $US5.1 billion the previous year. Underlying EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose 3 per cent to $US12.1 billion ($A18.5 billion), reflecting the company's strong operational performance. Rio Tinto Chief Executive Jakob Stausholm said, "Rio Tinto is both consistently profitable and growing. This is being driven by the disciplined investments we are making to strengthen our operations and progress major projects...
Aluminium sulphate producer Chilmund Chemicals is preparing to export its water treatment chemicals to several regional countries as a part of its strategy for regional expansion. During the Southern African Development Community (SADC) Industrialisation Week, Business Development Director Mr Nicholas Bhero revealed that production had surged three-fold since the company's inception, creating a surplus that will be exported to neighbouring nations. Chilmund Chemicals Pvt Ltd is a global leader in water solutions, specializing in producing water treatment chemicals. The company's flagship product is manufactured at its state-of-the-art plant in Bindura, Zimbabwe, and provides comprehensive water solutions to diverse markets across Africa. What is aluminium sulphate Aluminium sulphate is a...
Aluminium Stewardship Initiative (ASI) announced that Chalco Shandong Advanced Material Co., Ltd has achieved certification against the ASI Performance Standard V3 and Chain of Custody (CoC) Standard V2 Certification (2022). The facility's key production processes include raw material slurry preparation, clinker sintering, leaching, red mud separation and washing, liquor purification, evaporation, seeding, and product packaging. The products from Chalco Shandong Advanced Material which are primarily used as fillers and additives in chemical and glass manufacturing industries, have been certified by the Aluminium Stewardship Initiative (ASI). This certification was achieved after the facility underwent rigorous independent, third-party audits conducted by DNV Business Assurance Services UK...
Guinea's military leadership has introduced a draft constitution to reduce presidential terms and limit the number of terms a president can serve the West African nation with the world's largest bauxite reserves on record. The proposed changes, announced by Jean-Paul Kotembedouno, spokesperson for the National Transition Council's constitution commission, seek to shorten the presidential term from six years to five and restrict any individual from serving more than two terms as president in their lifetime. The draft constitution also sets age requirements for presidential candidates, who must be at least 35 years old and not older than 80. This proposal follows the dissolution of the previous constitution by General Mamadi Doumbouya after his coup in September 2021. The coup ousted former...
Canyon Resources Limited has formally signed a mining convention for the Minim-Martap Bauxite Project in Cameroon. This pivotal agreement grants Canyon's subsidiary, Camalco Cameroun SA, the right to mine and export bauxite contingent upon the issuing of a mining permit for the project area. The mining convention was officially executed at a signing ceremony attended by Camalco's Chief Executive Officer, Rana Pratap Singh, and the Interim Minister of Mines, Fuh Calistus Gentry. This agreement, a testament to the extensive approval process, signifies a robust and strengthened partnership between Canyon and the Government of Cameroon, a partnership that will be instrumental in the project's success. The completion of the Mining Convention enables Canyon Resources to advance its development...
The previous trading day, LME aluminium opened at US$2,249.5 per tonne, hit a high of US$2,253 per tonne and a low of US$2,209.5 per tonne, and closed at US$2,238 per tonne, down US$9 per tonne, or 0.40 per cent. The downward trend in the LME aluminium price since early July continues unabated. As per the data yesterday (Tuesday, July 30), both the cash bid price and official settlement price plummeted by US$42 per tonne or 1.90 per cent to settle at US$2,161 per tonne and US$2,161.50 per tonne. As the world’s largest consumer of aluminium, China’s economic slowdown and disappointing demand have significantly impacted aluminium prices. Despite expectations of mild stimulus from Beijing, the anticipated uptick in spring activity has not materialized. On the same day, 3-month bid price and...
In an era where connectivity and technology are driving innovation at breakneck speeds and modern societies utilise electricity in nearly all facets of life, transportation is powered by it, production relies heavily upon its use, and heating systems function owing to it, AL Circle has just released a pivotal report that promises to illuminate the path forward for aluminium wires and cables. Titled “ Aluminium Wires & Cables: Insights & Forecast to 2030 ,” this comprehensive analysis, directly relevant to the current industry landscape, provides an in-depth look at the industry's trajectory over the next few years. The report delves into applications, key trends, usage, emerging technologies, and market dynamics that are set to redefine the landscape of aluminium wires and cables. With...
German yacht design and engineering studio iYacht has unveiled the Hu'chu 55, a substantial 55-foot solar-electric sailing catamaran made of 90 per cent recycled scrap aluminium. The yacht belongs to renowned actor, film producer, and environmental entrepreneur Daniel Roesner. Designed in collaboration with Speira Designed by iYacht, the eco-friendly vessel is the outcome of collaboration between Hu’chu GmbH and Speira. The yacht features recyclable and recycled materials like aluminium specially designed for the yacht. This substantial use of aluminium scrap reduces the material's CO 2 footprint to less than 2 kg CO 2 /kg of aluminium sheet, just one-eighth of the market average. Speira has developed a 5083 aluminium alloy for the catamaran that boasts an unprecedented level of recycled...
On July 11, Duan Xiangdong, Secretary of the Party Group and Chairman of Aluminum Corporation of China (Chinalco Group) had an in-depth conversation with Dr. Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group. The talks focused on deepening their cooperation and advancing high-quality development, resulting in several significant agreements. About the partnership Duan expressed his hope for enhanced communication and cooperation between the two organisations to explore new development opportunities and jointly advance the optimisation and upgrading of the green energy industry chain.This partnership aims to foster deep cooperation in new energy, technological innovation, and market expansion, ultimately advancing the green energy industry and contributing...
World alumina output in the first half of 2024 scaled up 2.34 per cent year-on-year, owing to enormous production above 12 million tonnes in March and May 2024. Almost all the leading alumina-producing regions, except for Oceania, drove the worldwide alumina production hike in H1. Overview of H1 output According to the International Aluminium Institute data, the world alumina production in H1 2024 totalled 70.965 million tonnes, of which 58 per cent was contributed by China. Compared to the past year, global alumina production grew by 2.34 per cent in H1 2024, while China’s contribution to the output remained essentially unchanged in comparison with 57.97 per cent last year. The contribution of Oceania to the H1 alumina production decreased year-on-year from 13.51 per cent to 12.50 per...
Egyptian Prime Minister Mostafa Madbouly met with Minister of Public Enterprise Sector Mohamed Shimi to review progress on industrial projects across the textile, aluminium, and automotive sectors. Shimi provided a detailed update on the initiatives within the Holding Company for Spinning, Weaving, and Ready-Made Garments. He announced that the company has streamlined its structure by reducing its subsidiaries from 31 to 9 and has created a dedicated sales and marketing subsidiary. This reorganisation is designed to improve the efficiency of the spinning and weaving industry. Additionally, the company is conducting trials on short-staple cotton cultivation to lower foreign currency expenditures, enhance cotton fibre quality, and boost yield per feddan. Aluminium in Egypt Regarding...
Constellium SE, a global leader in the development, manufacturing, and recycling of aluminium products and solutions, has successfully acquired the Performance Standard V3 (2022) Certification from Aluminium Stewardship Initiative. The certification recognises Constellium’s two facilities that are primarily engaged in manufacturing automotive structures. The two facilities include Constellium Engley in Changchun and Constellium Automotive in Nanjing, China. In 2023, Constellium Engley in Changchun produced over 6,000 tonnes of aluminium automotive structure, and Constellium Automotive in Nanjing facility produced 30,000 sets of front rails. The ASI Performance Standard V3 (2022) certification was launched in May 2022 after multiple revisions over several years. The certification defines...
