Spanish racing driverFernando Alonso has added a one-off Bugatti Veyron Grand Sport Vitesse to his growing collection of rare cars. Known as chassis 8.100, the car is distinguished by bespoke aluminium bodywork that required more than 20 tonnes of aluminium to produce, along with dedicated CAD programmes developed by Bugatti. Its history is equally distinctive, being produced after an original customer pushed Bugatti to create something it had initially considered too expensive. For Alonso, the automobile fits closely with an approach to luxury he outlined in 2024 about choosing manufacturers that treat individual customers differently rather than simply producing cars in larger numbers. To know the aluminium casting demand forecast in the transportation sector, explore our report "Global...
China Rare Earth Group is in talks to acquire a controlling stake in Shenghe Resources, a move that could bring the Chinese rare earth producer under tighter state control while giving Beijing influence over Shenghe’s overseas holdings, including a stake in US rare earths company MP Materials. Two sources familiar with the matter told Reuters that discussions between the companies have been underway since earlier this year. One source said China Rare Earth Group is seeking a controlling stake, although neither source knew when the acquisition could be announced or completed. If the deal goes through, China Rare Earth Group would take control of Shenghe’s interests in foreign companies, including its 3 per cent stake in MP Materials. The US rare earths company counts the US Department of...
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Bridgnorth Aluminium Limited, a leading name in the United Kingdom’s aluminium rolled products segment, came into the news for its whopping 2 million Pounds(£) in technical advancement at its 66-acre facility. The investment announcement initially came in October 2024. The company is the singular fully integrated aluminium rolling plant in the UK and employs 330 people in the county. Adam Hunter, Deputy General Manager of the company, has asserted that aluminium is key to the country’s clean energy transition, primarily in renewable energy, electric vehicles, and defence systems. Image Source: https://bridgnorthaluminium.co.uk/ He shared, “We are a key link in the supply chain for battery foil for the EV market, more of which will be required by the new gigafactories established or being...
The United States metal companies and companies that import metals for their product manufacturing are likely to turn to the Middle East and India for aluminium supplies as they seek to bypass the extensive tariffs imposed by President Donald Trump, according to industry sources. Trump's planned tariffs—25 per cent on imports from Mexico and most Canadian goods, along with 10 per cent on Chinese goods—lack precise details but are set to take effect on Tuesday, rattling markets. Analysts note that US consumers rely on Canadian aluminium producers like Alcoa and Rio Tinto for over half of their imported supply, prompting concerns about finding alternative sources. Primary aluminium production: North America, GCC & India (in million tonnes) Source: IAI Aluminium is crucial for the transport,...
The Climate Change Commission has endorsed a campaign to end free carbon credits for companies like Methanex, Rio Tinto, and NZ Steel. In a letter released overnight, the independent body highlighted significant issues with the subsidy scheme after MPs sought its input on a 6,000-signature petition currently before Parliament. Image Source- FreePik Don't Subsidise Pollution petition The "Don't Subsidise Pollution" petition aims to stop the allocation of hundreds of millions of dollars in free carbon credits granted annually to manufacturers and exporters under the Emissions Trading Scheme. The free allocation scheme was introduced to prevent manufacturers of carbon-intensive products like steel, methanol, and cement from relocating production overseas to avoid emissions pricing. Lawmakers...
Aluminium Bahrain B.S.C. (Alba), the world’s largest smelter on one site, is the proud recipient of the prestigious Royal Society for the Prevention of Accidents (RoSPA) Life President Award for its commitment to ensure a safe and healthy work environment as well as setting global benchmarks in safety and health. This coveted recognition, reserved for organisations demonstrating exceptional Safety and Health performance over the years, was presented to Alba's Chief Executive Officer, Ali Al Baqali, by RoSPA's Life President, Lord Jordan of Bournville, and CEO, Rebecca Hickman, on 23 January 23, 2025, at Alba's SHE Hall. “This coveted award is a testament to the unwavering dedication and commitment of every single Albawee,” said Ali Al Baqali, Alba’s Chief Executive Officer. “We are not...
Alcoa Corporation has reportedly announced the fourth and full-year results of 2024, demonstrating a strong financial performance led by increased operations and high alumina and aluminium prices. Image source: Alcoa Fiscal performance In the fourth quarter, Alcoa's Q4 revenue was US$3,486 million, up by 20 per cent from US$2,904 million a quarter ago. In the entire year, the revenue amounted to US$11,895 million, experiencing an increase of 12.7 per cent Y-o-Y from US$10,551 million. The company's adjusted net income in the fourth quarter was US$276 million versus US$135 million in Q3. In the full year, it totalled US$296 million, compared to a net loss of US$405 million in 2023. Adjusted income per share was US$1.04 in Q4, and that in the full year 2024 was US$1.35. Alcoa's Adjusted...
As the world continues to navigate the complexities of vaccine safety and efficacy, one ingredient has found itself at the centre of a contentious debate: aluminium. Robert F. Kennedy Jr., a vocal advocate for vaccine safety reform, has repeatedly raised concerns about the potential health risks associated with aluminium in vaccines. “You wonder why a whole generation of children is allergic to stuff,” Mr. Kennedy said during a 2021 interview. “It’s because we’re inducing allergies, pumping them full of aluminium.” But, if it all were true, doctors, parents and researchers would not favour vaccines of such kind. Would they? And moreover, does science support such statements at all? A brief history of aluminium in vaccines The use of aluminium in vaccines dates back to the 1920s when...
The Life Science Centre, a vibrant science hub in Newcastle upon Tyne, has unveiled a new immersive exhibit dedicated to recycling. Created by the not-for-profit organization Every Can Counts, the Infinity Room installation offers visitors a unique and engaging experience. Image Source: Every Can Counts As Life celebrates its 25th anniversary this year, the award-winning science centre continues to inspire curiosity and excitement about the world. The Infinity Room highlights the importance of recycling drink cans while showcasing the infinite recyclability of aluminium, making it an educational and interactive attraction for visitors of all ages. Chris Latham-Warde, Programme Manager at Every Can Counts, stated, "The aim of the exhibit is to raise awareness of the infinite recyclability...
After a long wait of over two years for a bullish metal market, added with a recent push from the central government, the government of Odisha has given in on the approval of the proposal of the Steel and Mines department for the auction of 10 mineral blocks in the state. Among the ten blocks, the state government has nodded on the auction of four iron ore mines - Koira in Sundargarh district, and Roida-1, Putulipani and Jalahuri in Keonjhar district. These mine blocks lost their leasing tenure in 2021. Apart from these, a virgin mine, the Jhumka-Pathiriposhi West iron ore block in Sundargarh is put up for auction this time. The auction is also to feature two virgin bauxite blocks at Karlapat in the Kalahandi district and Nunapaimali in the Rayagada district. “The decision to go for...
The United States in 2024 further solidified its position as the world's largest economy, with resilient consumer spending driving its continued lead over China for the third consecutive year—at least by one key measure. According to data released by the Bureau of Economic Analysis on January 30, 2025, US GDP grew by 5.3 per cent in 2024 before adjusting for inflation. In contrast, China's nominal GDP expanded by 4.2 per cent, as reported by the country's National Bureau of Statistics a few days back. Source: Bureau of Economic Analysis Note: Annual GDP, unadjusted for price changes Nominal Gross Domestic Product (Nominal GDP) represents the total market value of all goods and services produced within a country's economy during a specific period. Unlike other GDP measurements, Nominal GDP...
The people of Kilkenny have recycled over 4.5 million aluminium cans and plastic bottles in just one year through the Return scheme. According to SuperValu and Centra, their stores alone have facilitated the recycling of an amount equivalent to 42 containers per person in Ireland during the first 12 months of the Deposit Return Scheme. Kilkenny is a city in County Kilkenny, Ireland. It is located in the South-East Region and in the province of Leinster. PET bottles can be recycled up to seven times through the Deposit Return Scheme, while aluminium cans can be infinitely recycled. Collected from SuperValu and Centra stores at the end of each week, the containers are transported to a recycling facility in Limerick, where they are sorted by material and colour, with any waste removed from...
Greenwave Technology Solutions, Inc. (‘Greenwave’ or the ‘Company’) (Nasdaq: GWAV), a leader in metal recycling, is primed for significant revenue acceleration following President Trump’s announcement of sweeping tariffs on steel, aluminium, and copper imports. These aggressive trade measures are expected to drive sharp price increases for domestically sourced metals, positioning Greenwave as a critical supplier in an increasingly protectionist market. Image Source: https://www.gwav.com/ The higher the tariff, the more revenue $GWAV will likely generate As one of the Mid-Atlantic’s dominant suppliers of mill-ready shred and other recycled metals, Greenwave anticipates surging demand and expanding profit margins throughout fiscal year 2025. With the US steel and metals industry shifting...
Though it is only the conclusion of quarter two for Impact Minerals in December 2024, the company’s entire calendar year 2024 performance data have poured in with its December quarterly report publication. Throughout the year, Impact Minerals has taken quite a few steps ahead across various exploration and development projects, notably its flagship Lake Hope High Purity Alumina (HPA) Project in Western Australia. The consolidated report focuses on the numbers throughout the year, along with the company’s activities and milestones across the four quarters. Third Quarter FY24 (Ending March 2024) Impact Minerals has focused heavily on advancing its Lake Hope Project as planned earlier since the beginning of the year with other exploration activities. Lake Hope, WA: The project achieved...
Monomoy Capital Partners, a private investment firm specialising in private equity and credit investments in the middle market, is excited to announce the sale of Astro Shapes, LLC, a top manufacturer of custom aluminium extrusions, to Wynnchurch Capital. "The success Astro Shapes has experienced during our partnership with Monomoy is not only due to tactical improvements but also the holistic value-creation approach we have executed together. In Monomoy, we established a team of thought partners who deeply understand family-led companies and helped equip us with the necessary resources to continue my father's legacy. On behalf of my family, we are proud of the Astro Shapes team and grateful for Monomoy's leadership, and we wish Steve and the entire company continued growth and success,"...
Donald Trump proposed 25 per cent tariffs on Canada and Mexico and 10 per cent tariffs on China are set to take effect on Tuesday, February 4, following his executive orders on February 1 directing the administration to impose duties on these three trade partners. As per the report, an additional 25 per cent tariff will be applicable to all imports from Canada and Mexico, except energy resources, which will face a 10 per cent duty instead. Image source: Britannica The President's order specifies the tariffs will apply to those products entering the US for consumption or withdrawn from warehouses for consumption on or after 12:01 a.m. Eastern Standard Time on February 4, 2025. Goods already in transit to the United States with scheduled arrival at 12:01 a.m. on February 1 are exempt from...
The aluminium industry in 2025 stands at a pivotal juncture, shaped by evolving market dynamics, geopolitical uncertainties, and the accelerating drive toward sustainability. Stakeholders must navigate these complexities to position themselves for a transformative year ahead. The "Global Aluminium Industry Outlook 2025" provides a comprehensive view of the industry, offering data-driven insights that outline both opportunities and looming threats across production, consumption, and market trends. Whether industry leaders, investors, or policymakers read this report, it will be more than another forecast. The global aluminium market size from 2025-2030, with a projected value of $355 billion by the end of the forecast period. The market is anticipated to expand at a compound annual growth...
Viva, Asia's leading manufacturer and supplier of aluminium composite panels (ACP), has unveiled its FR A1-rated Honeycomb Panels, redefining industry standards for fire safety and architectural innovation. Designed for superior performance, these panels integrate cutting-edge fire-resistant technology with aesthetic adaptability, providing a groundbreaking solution for safety-critical applications. Importance of fire safety Fire safety at home is essential for protecting lives and property, and using fire-resistant materials can significantly enhance a building's safety. Proper fire safety measures, such as having an evacuation plan and keeping fire extinguishers accessible, can make a critical difference in emergency situations. Additionally, using fire-rated building materials in...
DMC Global Inc. (Nasdaq: BOOM) today announced has rejoined its Arcadia Products, LLC (Arcadia) business as president, effective February 3, 2025. Mr Schladen returns to Arcadia after previously serving as its president from 2000 until his retirement in January 2023. Arcadia is a supplier of architectural building products to the commercial and high-end residential construction industries. Image Source: https://companieslogo.com/ Under his leadership, Arcadia grew from a small, California-based building products business into a leading regional supplier, achieving double-digit compound annual sales growth and industry-leading profitability from 2010 until his retirement. The business now operates sales locations and production facilities throughout the western and southwestern United...
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve The Boeing Company's proposed acquisition of Spirit AeroSystems. The transaction, announced last summer, is expected to close in mid-2025, subject to closing conditions, including the receipt of regulatory approvals. Image Source: Wikipedia "Our shareholder's resounding approval today represents an important milestone in our carefully planned merger with Boeing," said Irene Esteves, Spirit AeroSystems Chief Financial Officer. "As we continue executing our transition planning, we remain focused on Spirit's foundational principles of safety, compliance and quality." Spirit AeroSystems is one of the world's largest manufacturers...
