Two recent Tesla stories sit at opposite ends of the range. Tesla Model 3 is set to benefit from cost-focused Cybercab inverter technology, announced on November 1 2026. The flying car, Tesla Roadster, uses aluminum in its battery cells and underbody protection, reinforcing power delivery, thermal management and lightweight construction. The two models reveal how aluminum can serve very different engineering priorities, from making electric vehicles (EVs) more affordable to helping them deliver extraordinary performance. Tesla Model 3: the everyday car gets Cybercab hardware Nick Verzini, Tesla’s Head of Drive Unit Engineering, mentioned on a Munro Live factory tour that a new printed circuit board assembly and power stage from the Cybercab’s inverter will enter Model 3 production in...
Odisha Additional Chief Secretary for Housing and Urban Development and IDCO Chairperson Usha Padhee visited Angul on Saturday to review infrastructure development at the Aluminium Park near NALCO, alongside housing, sanitation and drainage projects. The visit focused on resolving infrastructure bottlenecks, improving civic services and accelerating implementation through coordination among the concerned agencies. During her visit to the Aluminium Park, Padhee held discussions with senior officials from NALCO and the Industrial Infrastructure Development Corporation of Odisha (IDCO), particularly on essential power and water supply requirements. She called for coordinated efforts and time-bound action to address the identified infrastructure issues. Join the fourth edition of webinar "...
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Russian oligarch and billionaire Oleg Deripaska has criticised the pressure on Western investors to divest their Russian assets following the 2022 Ukraine-Russia geopolitical crisis. He argues that such practices are unethical, shortsighted, and counterproductive to both the Russian and global economies. In the aftermath of the Ukraine-Russia geopolitical crisis, numerous Western companies exited Russia, and some of their assets fell under state management. Remaining Western investors in Russia have reported facing coercion to sell their holdings, often at undervalued prices, and experiencing effective expropriation. The Russian edition of Forbes quoted Deripaska as saying a spokesman confirmed the remarks, "Pushing foreign companies to sell their Russian assets is dishonest,...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production during January-February 2024 amounted to 7.1 million tonnes, up 5.5 per cent from the same period of the previous year. Although the combined data for two months reflect a year-on-year increase, output fell in either of these two months. The annual growth of amalgamated primary aluminium production resulted from increased profit margins. According to a Reuters report based on Antaike’s research, smelters enjoyed an average profit of RMB 1,964 per tonne in February 2024, which was 50 per cent higher than the corresponding period of the previous year. Reuters also reported that February profits decreased month-over-month due to the rally in the price of alumina, a key raw material for smelters....
LME aluminium opened at US$2,245 per tonne last Friday, with its high and low at US$2281.5 per tonne and US$2245 per tonne, respectively, before closing at US$2,277 per tonne, up US$21 per tonne or 0.93 per cent. On Friday, March 15, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$14 per tonne or 0.63 per cent and US$13 per tonne or 0.61 per cent to settle at US$2,218 per tonne and US$2,218.50 per tonne. As per the data, both 3-month bid price and 3-month offer price grew by US$16 per tonne or 0.70 per cent and US$16.5 per tonne or 0.73 per tonne to arrive at US$2,270.50 per tonne and US$2,271.50 per tonne. December 25 bid price and December 25 offer price ascended by US$17 per tonne to settle at US$2,480 per tonne and US$2,485 per tonne. On the...
The Finance Ministry of India has imposed a definitive anti-dumping duty on imports of cast aluminium alloy wheels or Alloy Road Wheels (ARW) originating from China. The definitive anti-dumping duty, which remains effective for five years, varies between $0.23 per kg and $1.71 per kg depending on whether the manufacturer originates from China. Cast aluminium alloy wheels (ARW) are utilised in automobiles. Modern high-end vehicles commonly feature cast aluminium alloy wheels instead of conventional steel wheels topped with a cap. Aluminium alloy wheels are recognised for their superior durability and lightweight nature. Compared to steel wheels, they offer enhanced fuel efficiency, acceleration, handling, and braking capabilities. In January 2024, after the second Sunset Review...
Xingfa Aluminium Holdings anticipates an attributable net profit of at least RMB 780 million for the fiscal year ending December 2023. This projection marks a significant increase from the approximately RMB 457.8 million profit recorded in 2022, as stated in a filing submitted to the Hong Kong Stock Exchange on March 15, 2023. The optimistic forecast from the aluminium profiles manufacturer is credited to increased sales orders, as well as a reduction in the provision for impairment loss on trade and other receivables, according to the filing.
In March 2024, data from the London Metal Exchange (LME) indicated that Russian aluminium stocks in registered warehouses rose to 53 per cent of the total, reaching 220,575 tonnes, up from 41 per cent in January 2024. This indicates consumers may have evaded Russian metal across various sectors such as transport, construction, and packaging, as a global news agency reported. Despite the geopolitical crisis, the world's oldest exchange and most significant market for industrial metals has refrained from banning the trading and storage of Russian metals within its system, nor has it shown any willingness, as Western sanctions on Russian base metals have not been imposed. According to sources familiar with the matter, Glencore has recently deposited tens of thousands of tonnes of Russian...
Among all the verticals of the aluminium value chain, primary aluminium has been one of the busiest this week. New appointments at global giants, financial results, and project announcements made significant headlines in the primary aluminium sector. What created a buzz in the industry was the decision of Hydro’s CEO & President Hilde Merete Aasheim of leaving the company after 5 years. Eivind Kallevik, who is currently an Executive Vice President and Head of Hydro's Aluminium Metal business area, would succeed Ms Aasheim as the new President and CEO, with an effect from May 13, 2024. To know more: https://www.alcircle.com/news/eivind-kallevik-succeeds-hilde-merete-aasheim-as-the-new-president-and-ceo-of-hydro-110191 Sohar Aluminium announced that it appointed Matt Liddy as its Business...
The Norwegian government, industry associations, and trade unions have agreed on the future of the Norwegian CO2 compensation scheme, which will be valid from 2024 until 2030. This agreement involves the Norwegian government, Norsk Industri, Energi & Forbundet for ledelse og teknikk, Fellesforbundet, LO, and NHO. It sets an annual maximum CO2 compensation for eligible industries at NOK 7 billion. 2022 CO2 quota price floor to be removed Additionally, the CO2 quota price floor, introduced in 2022 and further increased for 2023, will be removed entirely. The compensation cap will be adjusted for inflation annually. As part of the updated CO2 compensation scheme, industries must implement emission reduction and energy efficiency measures equivalent to 40 per cent of the CO2 compensation they...
According to a report on March 14, Norsk Hydro will soon begin upgrading the remaining 120 electrolytic cells at Hydro Husnes Line A with state-of-the-art technology, investing NOK 225 million. This is the final stage of upgradation that started with Husnes' Line B and continued with 80 out of 200 electrolytic cells in Line A. Now, the turn has come for the remaining 120 cells, which when completed, Hydro Husnes will become one of the most modern and energy-efficient primary aluminium-producing plants in the world. Johan Berg, Head of Hydro's aluminium operations in Norway, said: With this investment, we are realizing the full technological potential of the electrolysis by upgrading the remaining 120 cells. We are gearing up for the future." Hydro Husnes reached its production milestone...
The Ministry of Mines, Govt. of India, has suspended Radhashyam Mahapatro, NALCO's Director (HR), citing disciplinary reasons. The state-owned integrated aluminium company, NALCO, revealed in a recent exchange filing on March 14, 2024, that it received notification from the ministry confirming Mahapatro's immediate suspension. "The Competent Authority in the exercise of the powers conferred by Rule 23 of NALCO Conduct, Discipline and Appeal Rules, 1984, has placed Radhashyam Mahapatro, Director (HR), under suspension with immediate effect," NALCO informed the bourses. The ministry has appointed Jagdish Arora, currently serving as Director (Projects & Technical), to also assume the role of Director (HR) with effect from March 14 for the duration of the suspension period or until further...
Vedanta's proposal to split its businesses into distinct entities may encounter resistance from minority shareholders and creditors, as per a report. On September 29, 2023, the mining and metal giant unveiled intentions to separate five crucial sectors, such as aluminium, oil and gas, and steel, into individual listed companies. CreditSights, a FitchSolutions Company, revealed in its latest report by stating, "We maintain our view that Vedanta Ltd's planned demerger of its other businesses could face major hurdles from minority shareholders and/or creditors, which may delay or derail the deal. There have been few updates on the demerger progress since it was announced in September 2023." According to the report, Hindustan Zinc Ltd (HZL), a subsidiary of the Vedanta Group, may face hurdles...
Aluminium Stewardship Initiative has reportedly certified Jiangsu Kuna New Energy Co., Ltd. against Performance Standard V3 (2022) certification. Jiangsu Kuna New Energy Co., Ltd. is a China-based company that has achieved the ASI certification for manufacturing aluminium profiles at its facility in the Xiangshui County Industrial Economic Zone, Yancheng, Jiangsu. The company is primarily engaged in the research, development, and production of industrial aluminium profiles, automotive profiles, window system profiles, precision aluminium profiles, and other solar frame systems. These products mainly serve the rail, automotive, renewable energy, and construction sectors. The ASI Performance Standard V3 (2022) certification defines 11 principles and 62 criteria under three sustainability...
EPIQ Machinery, a renowned Canadian equipment designer, has undertaken a significant multi-million dollar initiative to establish Bahrain as the central hub for its expansion into the Middle East. Vivek Kumar, the company's Regional Director for the Middle East and North Africa (MENA), emphasised EPIQ's extensive track record of supplying crucial equipment to major aluminium smelters across the region. Mr Kumar highlighted that adopting a 'customer-centric' approach further solidifies EPIQ's dedication to the MENA region. The team at EPIQ Machinery Services, based in Bahrain, will be strategically placed to deliver efficient sales and after-sales support and guarantee client satisfaction. This newly established facility within the kingdom is poised to cater to the needs of the aluminium...
On March 14, Ball Aluminum Cups®, together with Copper Mountain Resort and the POWDR Adventure Lifestyle Corporation, announced that they successfully installed a Reverse Vending Machine (RVM) at Jack's Slopeside Grill in Copper Mountain, a famous mountain and ski resort in Colorado, to boost the practice of aluminium recycling in the mountain town. The reverse vending machine installed in Copper Mountain is powered by the Recycle Track Systems® (RTS) Cycle platform. Recycle Track Systems® is a leading recycling data collection provider. It helps businesses and communities manage waste more responsibly using technology to streamline collection routes and stay in contact with pickup sites. The installation of RVM will help the mountain town increase recycling rates, incentivising aluminium...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices on Thursday, March 15, in line with the LME aluminium price drop. Like other Indian aluminium companies, Hindalco links its aluminium prices to the three-month futures of aluminium on the London Metal Exchange. On Thursday, March 14, the LME aluminium benchmark price decreased by US$19 per tonne, and in response, Hindalco Industries Limited cut its aluminium prices by INR 1,750 per tonne or 0.8 per cent on March 15. On March 14, Hindalco increased its aluminium prices by INR 1,750 per tonne in tandem with the LME aluminium benchmark price rise by US$10.50 per tonne on March 13. This indicates that Hindalco's aluminium prices lost what they gained the previous day. With the latest cut on March 15,...
The St Patrick's Festival, held every year, will be held this upcoming weekend (16th and 17th March). At the Festival Quarter, a giant rainbow adorned with 1,500 recycled aluminium cans will be displayed. This vibrant structure is the brainchild of Every Can Counts, a not-for-profit organisation, in collaboration with Loreto College, nestled in St Stephen's Green. Jackie Dempsey, Principal at Loreto College, said, "We couldn't be prouder of our transition year pupils and their support of Every Can Counts' installation at the St Patrick's Festival this year. After several months of collecting cans from all over Dublin, it's great to see their hard work come to fruition in the giant rainbow. The installation is not only eye-catching but also a great reminder of the importance of recycling...
In the recent spotlight of global acclaim, aluminium has emerged as a sustainability champion, driving the gears of a closed-loop economy. Celebrated for its remarkable ability to be recycled endlessly, this non-ferrous metal has captured the attention of international brands, prompting a widespread shift towards its use. Across diverse industries, aluminium now stands as a coveted commodity, from its initial production stages to various end-user applications. Aluminium's unrivalled recyclability has propelled it to such heights. It leaves a remarkably small environmental footprint while aligning seamlessly with the values of eco-conscious consumers. Products catering to end-users, such as solar flat roof systems, aluminium railings, aluminium roofing panels, aluminium glass sliding...
LME aluminum opened at US$2,261 per tonne on Thursday, March 14, with high and low at US$2272.50 per tonne and US$2244.50 per tonne, respectively, before closing at US$2,256 per tonne, down US$6.50 per tonne or 0.29 per cent. LME aluminium cash bid price and LME aluminium official settlement price plunged by US$19 per tonne overnight to stand at US$2,204 per tonne and US$2,205 per tonne, respectively, as of March 14. However, despite the latest downfall, the LME aluminium benchmark price stood 0.50 per cent higher M-o-M than US$2,194 per tonne but down W-o-W by 0.23 per cent from US$2,210 per tonne. On the same day, 3-month bid price and 3-month offer price declined by US$14.50 per tonne and US$15 per tonne, respectively, amounting to US$2,254.50 per tonne and US$2,255 per tonne. December...
