Trimet has reduced direct carbon dioxide (CO2) emissions at its aluminium recycling plant in Gelsenkirchen, Germany, by 25 per cent, saving approximately 4,000 tonnes annually through a transition to hydrogen-rich coke oven gas. The new energy supply system, commissioned on October 29, 2026, will power the site's melting furnaces using industrial gas containing more than 60 per cent hydrogen. The coke oven gas is sourced from ArcelorMittal's coking plant in neighbouring Bottrop and supplied to Trimet through Uniper Energy Sales via the existing gas pipeline network. A new supply line, approximately 700 metres long, was installed to connect the recycling facility at Gelsenkirchen's inland port to the network. According to Trimet, coke oven gas generates lower CO2 emissions during...
Investor sentiment towards aluminium has turned increasingly bearish, but analysts believe the market may be underestimating the metal's underlying strength. Despite growing pessimism, resilient demand and historically low inventories could support higher prices, with analysts forecasting aluminium to reach USD 3,625 per tonne in 2027. Discussions with market participants have pointed to unusually negative sentiment towards the metal. However, analysts argue that the underlying supply-demand fundamentals paint a more constructive picture, challenging the prevailing pessimism surrounding the aluminium market. Their assessment follows Norsk Hydro's third-quarter financial results, which showed stronger earnings compared with the previous year but fell short of market expectations. The...
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The aluminium industry is intensifying its efforts to reduce carbon emissions, and recycling metal can revolutionise the market. According to the Managing Director of industry consulting firm Harbor Aluminum, the world is set to add 22 million tonnes of aluminium capacity from scrap over the next five years. Notably, China will spearhead this expansion, with projects expected to contribute approximately 15 million tonnes of new secondary capacity within the same timeframe. This surge underscores a significant shift towards sustainable practices in the aluminium sector, highlighting the critical role of recycled materials in meeting future demands while mitigating environmental impact. On June 5, 2024, the Managing Director said at North America’s largest aluminium conference, “Scrap is...
According to a report on Friday, June 7, Guinea will house its second major alumina refinery, which will be constructed by a subsidiary of Emirates Global Aluminium (EGA). The news came after two senior officials of Guinea's mines ministry told Reuters that a non-binding agreement was signed between Guinea and EGA's subsidiary company. The agreement, known as a Term Sheet, states that EGA's subsidiary Guinea Alumina Corporation (GAC) will build the 2 million tonnes capacity refinery in west Guinea by September 2026, initially producing 1.2 million tonnes annually. The signing was presided over by Djiba Diakité, Minister and Chief of Staff at the Office of the Presidency of the Republic, and Chairman of the Strategic Monitoring Committee for the Simandou project, at the Petit Palais of the...
To position as a top aluminium recycler in Europe, Speira is increasingly investing in building new or expanding existing recycling capacities. According to a recent report, the European company is investing 40 million euros for an additional recycling capacity and revamping the Rheinwerk plant to enable it to save up to 1.5 million tonnes of CO2 per year at the site. Concerning the project, Boris Kurth, Head of the can business at Speira as well as the recycling and foundry operations at the Rheinwerk, said: "We want to become the number 1 in aluminium recycling in Europe. Over the past 20 years, we have already built furnaces with leading recycling capacity in Europe and Europe's most modern sorting plant for UBC scrap, substituting the highly energy-intensive primary production of...
On May 16, 2024, the Aluminum Container Manufacturers Association, an American applicant, applied with the US Department of Commerce and the US International Trade Commission. The application was filed to initiate an anti-dumping and countervailing investigation into disposable aluminium tableware imported from China. The Aluminum Container Manufacturers Association, a collective of several US manufacturers, including Durable Packaging International, D&W Fine Pack, LLC, Handi-foil Corp., Penny Plate, LLC, Reynolds Consumer Products, LLC, Shah Foil Products, Inc., Smart USA, Inc., and Trinidad/Benham Corp., is the driving force behind this investigation, advocating for fair trade practices in the industry. The products under investigation The products under investigation in this case are a...
Rio Tinto, a leading mining group, reportedly acquired approval for wind farm expansion within a week of signing a groundbreaking electricity deal to power its New Zealand Tiwai Point aluminium smelter. On Thursday, June 6, the New Zealand-listed energy company Mercury said it would start working on expanding Kaiwera Downs wind farm near Gore on the South Island at a cost of $486 million. After expansion, the wind farm's total capacity will grow to 198 MW, becoming the second largest in New Zealand. The wind farm will then be able to generate enough electricity to power the equivalent of around 73,000 tonnes per year. The Tiwai Point aluminium smelter's total need for 572 megawatts (MW) of power would be met by several electricity generators including Meridian Energy, Contact Energy,...
Uno Minda, a prominent player in India's automotive industry, has recently inked a pivotal Technical License Agreement (TLA) with Suzhou lnovance Automotive Co. of China (lnovance Automotive). This strategic move is set to revolutionise Uno Minda's presence in the electric vehicle (EV) sector within the Indian market. As part of this agreement, Uno Minda secures the rights to produce and distribute a range of cutting-edge high-voltage category EV products designed for both passenger and commercial vehicles. These include the Charging Control Unit (CCU), EV inverter, EV motors, and the revolutionary next-generation 3-in-1 electric drive systems, popularly known as e-Axle. This collaboration marks a significant milestone for Uno Minda. It amplifies its electric four-wheeler (e-4W) product...
Zoran Joksic, Sales Director of Albéa, a responsible packaging company, was elected as the new European Tube Manufacturers Association (etma) President at the organisation's General Assembly meeting in Warsaw on May 24, 2024. In his inaugural speech, Joksic underlined the success of flexible tubes as a resilient, innovative, and sustainable packaging solution. He stated, "Over the last few years, the flexible tubes industry has proven to anchor stability in a very challenging economic and political environment. Etma members' clear focus on consumer-oriented and environmentally friendly packaging solutions has paid off." "Thanks to the development of new materials and features, the minimisation of material input and the increasing use of recycled materials, flexible tubes have become...
A new study by Reloop and Eunomia Research and Consulting has revealed that Austria is the world's top country for recycling materials like aluminium, steel, plastic and others. In the UK, Wales ranks 2nd globally, while Northern Ireland, England, and Scotland are ranked 9th, 11th, and 15th, respectively, among the 48 countries assessed. Image Source - Eunomia Global Recycling League Table – Phase One Report The report , 'Global Recycling League Table—Phase One Report,' examines the recycling performance of countries with the highest reported recycling rates and many of the world's largest economies. It also includes lower-income countries in Latin America, Asia, and Africa to highlight global disparities in recycling practices. Published in celebration of World Environment Day, the...
Ghana plans to implement a new legislative framework to restrict the large-scale export of raw bauxite. Samuel Abu Jinapor, the Minister of Lands and Natural Resources, made this announcement during the opening ceremony of the 2024 West African Mining and Power Conference and Exhibition (WAMPOC/WAMPEX) in Accra. Minister Jinapor detailed the government's strategic vision for leveraging Ghana's extensive bauxite reserves to foster the development of an integrated aluminium industry. The proposed legislation is part of a broader initiative to maximise the economic benefits of the country's mineral resources, ensuring value addition and job creation within Ghana. “We are in the process of enacting a Legislative Instrument, pursuant to section 28 of the Ghana Integrated Aluminium Development...
According to the Shanghai Metals Market, A00 aluminium ingot price has dropped slightly by RMB 20 per tonne after a rise of RMB 120 per tonne on the previous day. Therefore, the ingot price has closed the week at RMB 21,170 per tonne on June 7, registering a week-on-week fall of RMB 70 per tonne from RMB 21,240 per tonne. The average prices are estimated to range between RMB 21,150 per tonne and RMB 21,190 per tonne, with spot contract to be traded at a discount price of RMB 90-50 per tonne. In Gongyi, A00 aluminium ingot price has slipped by RMB 40 per tonne to settle at RMB 21,080 per tonne, followed by the decline of RMB 30 per tonne in Foshan, Hangzhou, Shenyang, and Linyi to stand at RMB 21,050 per tonne, RMB 21,170 per tonne, RMB 21,090 per tonne, and RMB 21,200 per tonne,...
On the previous trading day, LME aluminium opened at US$2,633.5 per tonne, reached a high of US$2,673 per tonne and a low of US$2,628.5 per tonne, and closed at US$2,647.5 per tonne, up US$12.5 per tonne, an increase of 0.47 per cent. On Thursday, June 6, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$11 per tonne or 0.42 per cent and US$10 per tonne or 0.38 per cent after witnessing a drop for the past three days. The prices closed at US$2,586 per tonne and US$2,587 per tonne. According to the LME data , the 3-month bid price and 3-month offer price also grew by US$20.5 per tonne or 0.78 per cent and US$20 per tonne or 0.76 per cent to stand at US$2,643.50 per tonne and US$2,644 per tonne, respectively. December 25 bid price and December 25...
In May 2024, the global aluminium industry experienced notable price gains, driven by rising demand despite ongoing geopolitical tensions and economic deceleration expected in several key nations. This uptick marks a significant shift from earlier projections. At the start of the year, AL Circle's "Global Aluminium Industry Outlook 2024" predicted a gradual increase in aluminium demand and prices, with more substantial gains anticipated towards the latter half of the year. However, the current gain suggests a faster-than-expected recovery, highlighting the sector's resilience amid challenging global conditions. As the world is paving the road towards a sustainable future and the aluminium industry is also gearing up to shift towards a green future, the aluminium industry’s biggest...
Aluminium Stewardship Initiative (ASI) announced that Henan Zhongfu High Precision Aluminium Products, located in Yulian Industrial Park, has attained the ASI Chain of Custody (CoC) Standard V2 (2022) Certification for its facility in Yulian Industrial Park, Zhanjie. This facility specializes in producing aluminium alloy sheets, strips, and foils, encompassing various production processes, including re-melting, casting, hot rolling, cold rolling, coating, slitting, and oxidation. In April 2021, the China-based company was accredited with the Performance Standard Certification for the same manufacturing facility. Renowned for its quality, the company's aluminium products serve diverse industries, notably finding applications in packaging for fast-moving consumer goods such as beverage...
To celebrate the occasion of World Environment Day, a giant polar bear installation crafted entirely from recycled aluminium cans was witnessed at Bristol's city centre. This magnificent creation, dubbed PixelCan, is the brainchild of Every Can Counts, a prominent recycling non-profit organization. Comprising 2,000 cans, this artwork serves as a poignant reminder of the plight of endangered and vulnerable species due to ecosystem degradation. At the heart of Every Can Counts' initiative are its passionate ambassadors. These dedicated individuals, embodying the program's core mission, were present at the promenade. They warmly invited the public to join in the effort of recycling their empty cans on the go, making a significant difference in the recycling process. Importance of recycling...
ASUS, the Taiwanese multinational computer company, has recently unveiled its flagship new material, Ceraluminum. This innovative substance, launched at the Computex conference in Taiwan, was the result of four years of development, which transformed aluminium into a high-tech ceramic. Ceraluminum: How it's made As per The Register, the synthesis of Ceraluminum involves submerging an aluminium sheet in hot water, followed by introducing a specialised ceramic element. This intricate method yields a textured appearance akin to pottery. When an ASUS representative was asked if the process was similar to anodising, which bonds the material to metal surfaces, they acknowledged the similarity but noted that the Ceraluminumization process is a feat of intricate engineering. Currently,...
MAAN Aluminium Limited, a leading aluminium extrusion brand, released its quarterly financial results ended March 31, 2024, reporting a year-on-year 9.69 per cent decline in net sales from INR 262.87 crore to INR 237.40 per tonne. However, on a quarter-on-quarter calculation, MAAN Aluminium’s net sales in Q1 FY2024-25 recorded an increase of 11.47 per cent per cent from INR 212.97 crore. Quarterly net profit stood at INR 7.28 crore at the end of March 2024, reflecting a downfall of 49.65 per cent from INR 14.46 crore a year ago but a slight rise on the quarter by 2.15 per cent from INR 7.44 crore. EBITDA stood at INR 11.77 crore in the March quarter of 2024, down by 47.22 per cent from INR 22.30 crore during the corresponding period of the previous year. MAAN’s EPS experienced a sharp...
Critical minerals, essential for both economic development and national security, are increasingly at the forefront of policy discussions. These vital resources, whose availability is often concentrated in a few geographical regions, pose significant supply chain risks. The disruption of supplies can have profound implications, from hindering technological advancement to compromising national security. Unlike other commodities, critical minerals lack a universal definition. Each country designates its list of critical minerals based on specific national needs and strategic priorities. This individualised approach underscores the diverse economic and security concerns that drive the global demand for these indispensable resources. Africa possesses 30 per cent of the world's critical...
Hindalco Industries Limited reduced its aluminium prices for two days this week by INR 8,000 per tonne in response to the current downtrend of the LME aluminium benchmark price. During June 3-5, the global aluminium price on the London Metal Exchange contracted by US$48 per tonne or 1.83 per cent from US$2,625 per tonne to US$2,577 per tonne. On June 5, the LME aluminium price shed off US$26 per tonne overnight that led Hindalco to cut its aluminium ingot selling price by INR 3,250 per tonne or 1.27 per cent to INR 252,500 per tonne on June 6. On the same day, Hindalco also reduced its aluminium wire rod price and aluminium billets price by INR 3,250 per tonne to INR 269,500 per tonne and INR 266,600 per tonne. Earlier, on June 4, Hindalco’s aluminium ingot price experienced a slash of...
