Chinese investors are exploring plans to develop an aluminium production plant alongside green energy facilities in Samalaju, Bintulu, Sarawak, in a proposed investment aimed at supporting manufacturing activities targeting international markets Malaysia's Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the proposal involves not only establishing an aluminium manufacturing facility but also developing green energy sources to supply electricity for its operations. Speaking to reporters after attending the Malaysia-China Cooperation Meeting on Investment, Trade and Economic Empowerment in Kuala Lumpur on November 2, 2026, Ahmad Zahid said efforts to attract the investment had been underway for some time, given Samalaju's potential to accommodate large-scale industrial...
European industry is facing a difficult balancing act of maintaining global competitiveness while accelerating decarbonisation, securing critical raw materials and managing persistent energy-cost pressures. Against this backdrop, 15 European Union (EU) member states have endorsed the Warsaw Declaration 2026, calling for a stronger industrial policy that places competitiveness, economic security and manufacturing resilience at its core. Adopted following the 9th Friends of Industry Ministerial Conference in Warsaw on October 26, the declaration outlines a coordinated approach to protecting Europe's industrial base. Its priorities include affordable energy, reliable access to secondary raw materials, stronger trade defence mechanisms, technological sovereignty and reforms to the EU's carbon...
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The British-Australian multinational company Rio Tinto, the world's second-largest metals and mining corporation, has released its 2023 Taxes and Royalties Paid Report, outlining the $8.5 billion paid in taxes and royalties worldwide for the year. In 2022, the company paid $10.8 billion, encompassing approximately $1.5 billion in Australian corporate tax payments attributable to previous years. In Australia, where nearly half of the company's global operations are based, taxes and royalties amounted to $6.6 billion (A$10.0 billion) in 2023. This included $4.1 billion (A$6.2 billion) in corporate taxes. Rio Tinto also made notable tax and royalty payments in Canada ($601 million), Chile ($477 million), Mongolia ($371 million), and the United States ($123 million). Peter Cunningham, Rio...
Pakistan Aluminium Beverage Cans Limited (PABC) recorded a significant increase in its profit after tax for 2023, reaching Rs5.02 billion. This marked a notable 86 per cent rise from the Rs2.7 billion reported in 2022. The company attributes this substantial growth in profit to rise in sales and a reduction in taxation during the period. What the statement disclosed As disclosed in the company's profit and loss statement posted on the Pakistan Stock Exchange (PSX) on Friday, the Board of Directors (BoD) announced an interim cash dividend of Rs3.5 per share, equivalent to 35 per cent of the share value, for the fiscal year ending 31 December 2023. The company's earnings per share (EPS) for 2023 were recorded at Rs13.9, representing a substantial increase from the EPS of Rs7.48 reported...
Residents of Burnham-On-Sea and Highbridge are in for some changes to their rubbish and recycling collection schedule this Easter holiday season. The items that will be included in this recycling initiative are aluminium foils, cardboard boxes and plastic moulds. The recycled aluminium market is booming, driven by environmental concerns, rising demand, and technological progress. Its inherent sustainability—requiring only 5 per cent of the energy to produce compared to virgin aluminium—makes it a clear winner in the fight against climate change. Change in date for by Somerset Council Somerset Council has adjusted the usual collection days to accommodate the holidays. Collections initially planned for Good Friday (March 29th) will now occur on Saturday (March 30th). There will be no...
Mark your calendar for the 12 th International Bauxite, Alumina and Aluminium Conference & Exhibition (IBAAS-IIM 2024). Scheduled to take place in BITS Pilani K K Birla Goa Campus from September 25 to 27, 2024, this event stands as a beacon for industry professionals, experts, and aficionados alike. Don't miss this chance to be part of the conversation shaping the future of our industry! About the event It is a unique occasion to converge, collaborate, and spark innovation within this ever-evolving sector. At the venue of the IBAAS-IIM 2024 conference , an exhibition will be organized showcasing the developments of the aluminium industry in India and the world over. This year the theme of the conference will be, “Aluminium Industry – Vision 2030.” The conference will unite titans of...
Embarking on a journey towards sustainability, Black Cow zero-waste vodka proudly joins Sustainaholics and Tourvest Retail Services to unveil its latest offering: a 100 per cent post-consumer recycled Alumini 5cl bottle. This eco-conscious creation is now soaring high on British Airways short-haul flights departing from London Heathrow. Passengers can choose to pre-order this eco-friendly Black Cow vodka or purchase it on board from the High Life Café menu. Building upon its partnership with Tourvest Retail Services, which first took flight in November 2022, Black Cow continues to pioneer change in eco-friendly travel. This milestone also signifies a significant achievement for Sustainaholics' Alumini bottle innovation, positioning it as a frontrunner in transitioning from traditional...
Reynolds Consumer Products, the manufacturer of Reynolds Wrap aluminium foil , faces a proposed class action alleging deceptive advertising. The lawsuit contends that despite labelling its foil as "Made in USA," the company primarily sources its raw materials and conducts manufacturing operations elsewhere. The complaint, filed on March 27, 2024 evening, asserts that most of the bauxite used by Reynolds comes from international sources, with the United States contributing only a minor fraction to global bauxite production. The lawsuit, filed in federal court in Manhattan, additionally alleges that a significant portion of the bauxite is processed into alumina and, subsequently, aluminium outside of the United States. According to the complaint, Reynolds' "Foil Made in USA" claim on its...
Aluminium Corporation of China (Chalco) expressed concerns about the "relatively high" risks associated with bauxite supplies from Guinea, highlighting the nation's increasing reliance on a single source for this crucial raw material. Last year, Guinea accounted for 70 per cent of China's bauxite imports, essential for aluminium production. This heavy dependence left the company, formerly known as Chalco, significantly vulnerable to the unrest and uncertainties in Guinea. "The company's bauxite mines in Guinea are subject to supply fluctuations due to local policy changes and frequent strikes," stated Chalco. Chalco's plan for continuous supply Chalco has outlined plans to ensure a continuous supply from a single mine in Guinea while also aiming to develop additional mines in the...
Step into the future of electrical transmission with National Aluminium Company's (NALCO) groundbreaking release: AL-59, the aluminium alloy ingot poised to transform the conductor industry. This innovative product heralds a new era in efficiency and performance, perfectly timed with the Government of India's Revamped Distribution Sector Scheme (RDSS) rollout. The product's official launch took place on 28.03.2024, with Shri Sadshiv Samantray, Director (Commercial), at the helm. The event was graced by the presence of the first customer and senior officials from NALCO's esteemed Smelter & Power complex. This alloy heralds a new era, infusing conductors with bespoke characteristics that carve a distinctive niche for our esteemed company. These Alloy Conductors made from AL-59, find...
LME aluminium opened at US$2,300.50 per tonne in the previous trading day, with its high and low at US$2,340 per tonne and US$2,292 per tonne, respectively, before closing at US$2,335 per tonne, up US$32 per tonne or 1.39 per cent. On March 28, the London Metal Exchange graph marked a noticeable rise in aluminium prices, with the LME cash bid price stopping at US$2,269.50 per tonne and the LME official benchmark price settling down at US$2,270 per tonne, increasing by US$32 per tonne or 1.43 per cent. Also, the 3-month bid and 3-month offer prices increased by US$24 per tonne, or 1.05 per cent each, to close at US$2,310 per tonne and US$2,311 per tonne. The December 25 bid and offer prices gained US$28 per tonne, or 1.12 per cent, to close at US$2,520 per tonne and US$2,525 per tonne. The...
In a bid to fortify the "New Chinalco" initiative and advance materials for new energy vehicles, Chinalco Materials Application Research Institute Co., Ltd. (Chinalco Materials Institute) and Dongfeng Motor R&D Institute engaged in a significant technical exchange on March 18th. Li Xiang, the esteemed executive director of Chinalco Materials Institute, led a delegation to Dongfeng Motor R&D Institute. Both entities delved into discussions aiming to bolster their collaboration through the Chinalco-Dongfeng aluminum alloy joint laboratory. Warm reception and strategic alignment President Tan Minqiang extended a gracious welcome, stressing the importance of mutual cooperation. Reflecting on the achievements of the joint laboratory, the two parties explored avenues for further synergy,...
In a world where industries continually evolve, staying ahead of the curve is paramount. AL Circle is excited to announce its latest and highly anticipated report, "The World of Aluminium Extrusions - Industry Forecast to 2030." This comprehensive report delves deeper into the dynamics shaping the aluminium extrusion sector, offering invaluable insights for stakeholders across the globe. The report meticulously examines key trends, challenges, and opportunities that define the landscape of aluminium extrusions. From technological advancements to market dynamics, this report leaves no stone unturned in its quest to provide a holistic view of the industry's trajectory. One of the report's standout features is its forward-looking approach. By forecasting industry trends up to 2030, AL Circle...
Hindalco Industries Limited has updated its aluminium selling prices on two consecutive days this week in line with the LME aluminium benchmark price. On Wednesday, March 27, Hindalco increased its aluminium prices as the LME aluminium price rallied by 1.29 per cent over the two days to US$2,275.50 per tonne as of March 26. According to Hindalco’s price list for March 27, the company’s aluminium ingot price stood at INR 219,750 per tonne, experiencing an increase of INR 1,500 per tonne or 0.70 per cent from INR 218,250 per tonne on March 22. Hindalco’s aluminium wire rod and billet prices also saw a rise of INR 1,500 per tonne on the same day to come in at INR 231,750 per tonne and INR 233,850 per tonne, respectively, versus INR 230,250 per tonne and INR 232,350 per tonne on March 22. The...
The spot prices for Aluminium ADC12 alloy ingot (equivalent to automobile grade) witnessed a slight increase of INR 3,000 per tonne, reaching INR 211,000 per tonne W-o-W exw Delhi, excluding GST. The market reflects a somewhat tense situation in Chennai, with offers at INR 182,000 per tonne. However, actual tradable levels are within the range of INR 180,000-181,000 per tonne. Furthermore, the spot price for ADC12 in Chennai has risen to INR 214,000-215,000 per tonne exw, excluding GST, showing an uptick of INR 2,000 per tonne compared to the previous week. A notable Indian automotive company has disclosed its monthly settlement price for ADC12, elevating it by INR 5,000 per tonne to INR 212,400 per tonne for April. Market observers attribute this increase to consistently higher raw...
Capri Sun Group has unveiled a course-altering addition to its beverage packaging lineup, introducing recyclable pouches crafted from a blend of aluminium, PE, and PET materials. This innovation marks a pivotal moment in Capri Sun's sustainability journey, as it seeks to revolutionise its packaging while reducing its environmental footprint. Environmental impact and sustainability goals In line with its commitment to sustainability, Capri Sun aims to transition its entire drinks range to fully recyclable packaging. The introduction of these innovative pouches is expected to reduce CO2 emissions by 25%, surpassing the environmental benefits of traditional PET bottles. The CEO of Capri Sun Group, Roland Weening, stated: “Our new recyclable pouches will offer consumers the same convenience...
The European aluminium sector has just started adapting to the energy price shrunk due to adequate inventories and ease of power consumption restrictions. According to a report, inflation-adjusted futures prices for 2024 averaged 48 euros per megawatt hour, compared to 223 euros at the height of the crisis in August 2022. But what is still causing hurdles to the market growth is passive demand and understated buying and selling sentiments, given the ongoing inflation and economic slowdown. As a result, aluminium producers are hesitant to resume their curtailed capacity, which is evident from the lacklustre growth of primary aluminium production. In addition, various other factors are perhaps threatening the growth of the European aluminium market. Vivid view to Europe’s primary aluminium...
In a noteworthy development for Minnesota's industrial landscape, Governor Tim Walz presided over the inauguration of an integrated $71 million recycling plant expansion in Rosemount, belonging to Spectro Alloys. The event catalogues a major milestone in the state's commitment to fostering economic growth while championing environmental stewardship. With a keen eye on fostering a prosperous future for the state's residents, Governor Walz underlined the pivotal role businesses play in creating opportunities for families and communities. The Governor specified: "I keep talking a lot about how I want this to be the best state for kids to grow up and for families to live. It's going to have to be the best state for business so that folks have jobs and are able to buy those homes and create...
Shares of Jinfei Kaida Wheel surged following the Chinese manufacturer's announcement regarding its third capacity expansion plan this year. Jinfei Kaida revealed its intention to invest CNY557 million (USD77 million) in constructing a new plant in Thailand's Thai-Chinese Rayong Industrial Zone. About the new plant This facility will focus on producing two million aluminium alloy wheel hubs annually, specifically for new energy vehicles. The Jinhua-based company shared that the plant's construction is expected to be completed within two years. According to the firm's announcement, the new plant is projected to generate annual sales revenue of CNY578 million and an estimated profit of around CNY95.6 million (USD13.2 million) upon reaching its designed capacity. The new plant is expected to...
Alupro, the organisation dedicated to recycling aluminium packaging, is embracing the spirit of spring by launching its latest Easter-themed promotional campaign, 'Munch, Scrunch, Recycle!.' Geared towards local authorities, this initiative aims to inspire residents to be more mindful of their waste this holiday season. In the UK, approximately 80 million Easter eggs are purchased yearly, with many wrapped in recyclable aluminium foil. As part of this week's campaign, Alupro urges local authorities to access a collection of social media images and animations, available in both English and Welsh, to champion responsible recycling. These resources, ready for download from the Alupro website, are crafted to motivate residents to scrunch up and recycle their foil once they've indulged in...
