India-based PG Foils Limited plans to establish a downstream aluminium manufacturing facility in Bahrain, focusing on electric vehicle (EV) battery foil and pharmaceutical foil production. The proposed investment is expected to expand the kingdom’s aluminium downstream capabilities and strengthen its manufacturing base. Bahrain’s Ministry of Industry and Commerce signed a letter of intent with PG Foils for the project. The agreement was signed by Industry and Commerce Minister Abdullah bin Adel Fakhro and PG Foils Joint Managing Director Sahil Shah during the fourth edition of the Gateway Gulf expo, which opened on November 1 in Manama. Explore: The most comprehensive and forward-looking industry-focused report – Aluminum Foil Market Report Forecast Till 2035 Hosted by the Bahrain...
US President Donald Trump’s aluminium tariffs have become a point of contention in Virginia’s 5th Congressional District race, with Democratic candidate Tom Perriello arguing that higher metal prices are increasing costs for local breweries and beer consumers. Perriello and former Republican Congressman Denver Riggleman raised the issue during an event at the Water Dog in Lynchburg, where they met local brewers and customers to discuss the impact of tariffs on the brewing industry. Perriello said higher aluminium prices made it more expensive for breweries to package their products, and they passed the added costs on to customers. He said rising prices concerned people across the political spectrum. To learn the future of aluminium in the packaging industry, explore our report " ALuminium...
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China's aluminium prices hit RMB20,000/t on Monday. The main index price reached RMB20,200/t, while the spot price also crept over the line, achieving RMB20,100/t. The spot eased slightly today, but the main index price found more energy. External factors have achieved this level. The internal factors favour modest price growth, but this sustained rise—prices have been rising since the start of March—has come about because global investors are showing signs that they believe that economic recovery is here or about to arrive. In the US, the talk is about interest rates dropping from mid-year, while in Europe, a temperate winter helped ease energy prices and, therefore, inflation. This is the peak season for the demand for aluminium in China's domestic market. Or at least, it was up until...
In the transportation world, where strength, durability, and sustainability intersect, Sloanebuilt emerges as a beacon of innovation. For over three decades, this stalwart Australian-owned family business has crafted custom rigid bodies and truck trailers renowned for their robustness and reliability. Yet, as the clarion call for decarbonisation reverberates louder, Sloanebuilt refuses to stagnate, embracing the mantle of sustainability with fervour. Enter Capral, a pioneer in the realm of low carbon aluminium solutions. With its LocAl® range, Capral heralds a new era of eco-conscious trailer construction. Sloanebuilt, recognising the imperative of sustainability in the transport landscape, swiftly adopts Capral's LocAl® aluminium, a proof of their untainted commitment to environmental...
Generational Group, a prominent advisor specialising in mergers and acquisitions for privately held enterprises, has announced the successful sale of Team Pride Extrusions (TPE) to Republic Strategic Investments (RSI). The deal was finalised on March 15, 2024. Based in Megargel, Texas, Team Pride Extrusions offers comprehensive manufacturing services in tailor-made aluminium extrusions. Their expertise spans aluminium extrusions, powder coating, CNC machining, punching, and various specialised fabrication and finishing techniques. Their product range encompasses everything from mill-finished extrusions to fully assembled extrusion components, complete with fabrication and finishing touches. TPE possesses the capability to handle various aluminium extrusions, including small, complex, and...
On the recovery of downstream operating rates last week, the consumption of aluminium ingots rose leading to a decline in social inventories, found the Shanghai Metals Market. According to SMM data, the average operating rate across major aluminium processing enterprises stood at 64 per cent last week from April 1 to 5, as a result of increased operating rate of primary aluminium alloy companies and stable operating rate of aluminium wires and cables producing enterprises and aluminium extrusion firms Due to the increased consumption of aluminium ingots by downstream sectors and low arrivals of stocks to warehouses, social inventories of aluminium ingots last week dwindled by 18,000 tonnes week-on-week to amount to 847,000 tonnes, of which 721,000 tonnes was for sale. In the earlier week,...
On March 28, Shanxi Zhongrun delivered 100 tonnes of green electric aluminium. Following this milestone, on March 31, Yuantai High Guide Materials (Shanxi), the designated user of the aluminium liquid within the industrial park, formally commenced the extraction of the environmentally friendly electric aluminium liquid. About the milestone This milestone marks a substantial advancement, symbolising the complete depletion of all remaining inventory of Shanxi Zhongrun's green electric aluminium ingots and aluminium liquid. Upon securing the "Green Aluminum Product Evaluation Certificate" for the company's inaugural batch of "green aluminium remelting aluminium ingots and electrolytic source aluminium liquid," the Marketing and Procurement Department has redoubled its efforts to ensure the...
Vietnam's renowned miner Vinacomin has unveiled ambitious plans to significantly expand its alumina-aluminium production capacity. With an investment totalling a staggering 182 trillion dong ($7.3 billion), Vinacomin's endeavour highlights Vietnam's growing demand for this versatile metal, driven by its burgeoning manufacturing sector. Vinacomin's investment will primarily target the Central Highlands province of Dak Nong, where two bauxite exploration projects and five refining projects are slated to commence. Notably, the state-run firm aims to elevate the alumina capacity of its Nhan Co Alumina complex to an impressive 2 million tonnes annually, up from its current output of 650,000 tonnes. Furthermore, the nearby bauxite-alumina-aluminium Dak Nong complex is poised to witness a...
According to a report, Adani Group, a leading integrated business conglomerate, has commenced the commercial production of polysilicon wafers and ingots at its factory in Gujarat to increase the supply of raw materials for the manufacture of in-house solar power cells and modules. Vneet S Jaain, a director at Adani New Industries Ltd (ANIL), said: "We are the first company in India which has set up ingot and wafers factory of 2 gigawatts and we have already started production." The Group aims to become India's first integrated renewable energy player, in line with Prime Minister Narendra Modi's vision of India becoming a net-zero country by 2070. By 2030, the Adani Group, led by billionaire Gautam Adani, aims to generate 45 gigawatts (GW) of renewable power, the two-thirds of which is to...
With more than 60 locations around the globe and annual revenue of approximately $3.1 billion, Trivium Packaging, one of the leading producers of aluminium and other metal packaging, is on the brink of a transformative financial transaction that could redefine its trajectory. Trivium attracts major financing Reports indicate that private credit funds are piecing together a sizable financing package, potentially reaching as high as $2.5 billion, to support the sale of Trivium Packaging. This development highlights the considerable enthusiasm and confidence surrounding the packaging sector, especially for companies with established market positions like Trivium. Trivium's current shareholders, Ardagh Group SA and the Ontario Teachers' Pension Plan Board are potentially exploring the sale of...
Alpha HPA, known for its production of chemicals essential for lithium-ion batteries and semiconductors, has unveiled a game-changing innovation: high-purity aluminium nitrate. With an impressive purity level of 99.99%, this aluminium oxide variant showcases immense potential to revolutionise battery safety. In a world increasingly reliant on lithium-ion batteries, concerns over safety have escalated due to the potential for thermal runaway events, which can lead to fires. However, Gladstone-based critical minerals company Alpha HPA is spearheading a path-changing solution. Dialogue with Rimas Kairaitis, Managing Director "Alpha's solution marks a pivotal advancement in lithium-ion battery safety," asserts Rimas Kairaitis, Managing Director of Alpha HPA. "Our breakthrough technology...
The global mining and metal giant Rio Tinto has selected Bold Baatar as the new Chief Commercial Officer. He will oversee the company's global commercial and business development endeavours. This appointment follows Alf Barrios' decision to retire. Bold, currently serving as Chief Executive Copper, will promptly assume responsibility for business development and transition to Chief Commercial Officer on September 1, 2024, relocating to Singapore. The successor for the position of Chief Executive Copper will be announced in the near future. Alf will remain as Chief Commercial Officer until August's conclusion to facilitate a seamless transition. Subsequently, he will assume the role of Chair for China, Japan, and Korea and serve as an Executive Committee member until his retirement at the...
Sparklo, the global leader in AI-driven cleantech solutions, has achieved a remarkable milestone in its endeavour to revolutionise recycling and advance sustainability in the UAE. In just over a year since its inception, Sparklo has successfully deployed 170 Reverse Vending Machines (RVMs), aptly named Sparklomats, throughout the UAE. A staggering 14.5 million aluminium cans and plastic bottles now rest within the embrace of Sparklo's ingenuity. This feat translates to an impressive saving of over 2,100 tonnes of CO2 emissions, marking a significant stride towards a greener, more sustainable future. RVMs- the heart of Sparklo's vision These Reverse Vending Machines (RVMs), the heart of Sparklo's vision, have become ubiquitous, gracing the landscape through partnerships with luminaries...
Craftsman Automation, an Indian company specialised in diversified casting solution of highly complex lightweight aluminium components for the automotive & industrial engineering sectors, has reportedly signed an agreement with Rajasthan State Industrial Development and Investment Corporation (RIICO) to set up a plant in Alwar city of Rajasthan. The news came on Monday, April 8, after they announced about the signing of project agreement. As per the report, the initial investment for the plant would be INR 150 crore. The South India-based company will invest this amount for developing the first phase of the project, which will come up in Salarpur industrial area of Bhiwadi, Rajasthan. This location is extremely strategic for its proximity to major cities like Delhi and Gurgaon. The...
In a bold fusion of premium quality and innovative design, BOSS and Samsonite proudly introduce their latest collaboration: the "Departures" campaign. This venture celebrates the marriage of fashion and functionality, encapsulating the essence of sophisticated travel with a unique twist. The "Departures" campaign sets the stage for a remarkable unveiling, where travellers transcend the ordinary and embark on a journey within an oversized suitcase. This symbolic gesture mirrors the boundless potential of the BOSS | Samsonite capsule collection, embodying a shared commitment to excellence and timeless elegance. Style Meets Functionality Crafted with meticulous attention to detail, the BOSS | Samsonite collection epitomises the harmonious blend of style and functionality. Made from...
Advance Joinery Group, one of the leading suppliers and installers of aluminium, timber and uPVC products, have recently announced the acquisition of Malvern Glass. Headquartered in Pontrilas, Advance Joinery Group has broadened its offerings to encompass uPVC and aluminium, alongside its esteemed bespoke timber range. The recent acquisition of Malvern Glass, established in 1979, marks a significant stride in Advance's local expansion efforts, signifying a pivotal milestone in its growth trajectory. The Malvern Glass team is set to continue with its existing members while welcoming some new additions. The overarching goal is to enhance its outstanding reputation by introducing a complementary trade counter. This counter will offer products not only to tradespeople but also to the general...
The Rishi Sunak Government's decision to delay or weaken UK climate targets has stirred concerns among environmentalists and industry players alike. This shift has not only impacted the UK's carbon market but also raised potential challenges for exporters facing EU carbon border taxes. Let's delve into the details of this evolving scenario. The UK's carbon market has witnessed a significant downturn, with prices plummeting to less than half of the equivalent EU carbon cost. This decline, exemplified by UK carbon prices hitting a low of £33 per tonne while the EU price stands at €82 (£71), indicates a substantial gap in carbon pricing dynamics. EU Carbon Border Tax Implementation The EU has introduced carbon border tax rules aimed at imposing CO2 emissions tariffs on imported goods like...
According to the US Census Bureau survey, the United States aluminium scrap exports initiated the year 2024 with an annual decline of 5,000 tonnes or 3.13 per cent, reaching 155,000 tonnes. In January 2023, the United States aluminium scrap exports amounted to 160,000 tonnes. The year-on-year drop in aluminium scrap exports could be attributed to the lower volume of scrap recovery. In January 2024, the United States recovered 275,000 tonnes of aluminium scrap – 3,000 tonnes less than 278,000 tonnes in January 2023. However, the scrap recovery increased month-on-month in January 2024 by 13,000 tonnes or 4.96 per cent from 262,000 tonnes. Thus, the exports also rose, albeit at a lower rate than scrap recovery growth, from 152,000 tonnes. The United States aluminium scrap exports rose...
Emerging from the success of "Palmer Aluminium," a thriving commercial window enterprise of the 1990s and early 2000s, PCW Commercial Windows stands as a beacon of perseverance, ingenuity, and strategic collaboration, spearheaded by Leigh Spinks alongside partners Ross Farrelly and Jay Atkins. PCW's enduring and fruitful partnership with Capral Aluminium, which spans over two decades, stands at the core of its success. Capral's unwavering dedication to innovation, quality, and environmental sustainability seamlessly aligns with PCW's values and overarching objectives. Managing Director Leigh Spinks said, "We service builders from anywhere from south of Sydney all the way through the north of Newcastle and Central Coast, where I would probably think we would be one of the preferred...
In 2023, the global bauxite industry experienced substantial changes, marked by shifts in production, trade dynamics, and pricing patterns. Australia, Guinea, and China emerged as key players shaping the worldwide bauxite market landscape. In 2023, global bauxite production was estimated to show a positive growth rate of 5.26 per cent, a significant rebound from the (-) 1.04 per cent decline witnessed in 2022 compared to the previous year. As per AL Circle’s “Global ALuminium Industry Outlook 2024” report , the estimated total global bauxite production for 2023 is expected to cross 400 million tonnes. This increase is mainly attributed to the heightened production levels in key bauxite-producing countries such as Australia, Guinea, and others. Australia is anticipated to hold its position...
