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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During his State of the Nation address in Parliament on February 27, the President of Ghana, Nana Addo Dankwa Akufo-Addo, announced several initiatives to accelerate the nation's industrialisation agenda and ensure value for money. Among these measures, the government will establish a $450 million refinery dedicated to processing locally produced manganese. Additionally, a new Legislative Instrument will be enacted to prohibit the export of raw bauxite . Moreover, priority will be given to Ghanaian investors interested in acquiring Newmont Corporation's Akyem Mine, located in the Eastern Region. Indonesia has also banned bauxite export from the country in 2023. The President said, "We are implementing the Four Project Agenda of the Ghana Integrated Aluminium Development Corporation...
New Zealand Aluminium Smelters (NZAS) has agreed with Meridian Energy to provide 20MW of electricity to the national grid if needed over 12 weeks this winter. This pact allows Meridian to inject 20MW back into the system during winter's peak demand periods when the national grid faces its most significant strain. This 20MW offering is in addition to the existing 50MW demand response arrangement already established with Meridian, as highlighted by NZAS. Beginning June 3, 2024, Meridian can request up to 20MW of electricity at any point for a maximum of four trading periods (equivalent to two hours) per day. This arrangement can occur up to 20 trading periods within a fortnight, during which Tiwai will scale back its consumption to fulfil the request. New Zealand Aluminium Smelters...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has dropped by RMB 20 per tonne, following an intermittent rise of RMB 110 per tonne the previous day. Thus, on Wednesday, February 28, the A00 aluminium ingot price has come in at RMB 18,790 per tonne, with average prices ranging between RMB 18,770 per tonne and RMB 18,810 per tonne. The spot contract is likely to be traded at a discount price of RMB 50-10 per tonne. In Foshan, the domestic ingot price has decreased by RMB 40 per tonne to stand at RMB 18,830 per tonne, with average prices hovering around RMB 18,810-RMB 18,850 per tonne. In Wuxi, Hangzhou, Chongqing, and Shenyang, A00 aluminium ingot price has unanimously dropped by RMB 20 per tonne to stand at RMB 18,790 per tonne. In Tianjin and...
LME aluminium opened at US$2,185 per tonne on Tuesday, with its high and low at US$2,208.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,200 per tonne, up US$18 per tonne or 0.82 per cent. On Tuesday, February 27, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$5 per tonne or 0.23 per cent and US$5.5 per tonne or 0.25 per cent to close at US$2,145 per tonne and US$2,146 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$13 per tonne or 0.59 per cent to settle at US$2,198 per tonne and US$2,198.50 per tonne. December 25 bid price and December 25 offer price added US$11 per tonne or 0.45 per cent to clock at US$2,413 per tonne and US$2,418 per tonne. LME aluminium opening stock came in...
On February 27, 2024, the China state-backed research institution Antaike reported that China's aluminium consumption is projected to experience a slower growth rate this year. Specifically, construction sector demand has decreased due to troubled property markets. Let us know about Antaike Founded in 1992 and listed on a new over-the-counter board on Oct 12, 2017, Beijing Antaike Information Co., Ltd. (hereinafter referred to as Antaike) is a state-owned joint stock company, which has become a consulting research centre, data centre, and information centre for domestic nonferrous metals industry. Relying on the industry position and background of China Nonferrous Metals Industry Information Center, Antaike focuses on the analysis and research of production, consumption, market,...
The United States has reportedly ruled out Russian aluminium and nickel from its new set of sanctions, which made several roundups in the media since early February 2024. According to the latest report on Monday, February 26, the United States declared sanctions on more than 500 people and entities in Russia and eliminated base metals, including aluminium and nickel. In early February, there was speculation that the United States might impose a fresh wave of sanctions on Russian aluminium and nickel, following which the prices of the two metals rose, assuming limited supply would occur in the wake of sanctions. Source: Bloomberg Subsequently, the aluminium prices fell as the United States announced the exclusion of aluminium and nickel from its fresh sanctions list. On Friday, February...
Emirates Environmental Group (EEG) is thrilled to announce the resounding success of the 27th edition of its annual 'Can Collection Day' held on February 24, 2024. The initiative titled "With a #CANDO Attitude the Future is in our Hands" collected around 7,002 kgs of aluminium cans and a total of 415,028 kgs since its inception. Raising awareness about recycling This national environmental initiative serves to raise awareness about the critical role of recycling in safeguarding the planet. Since its inception in 1997, the Can Collection Campaign has stood as a beacon within EEG's mission to champion sustainability, foster environmental stewardship, and cultivate community involvement. This year's flagship event, the Can Collection Day, witnessed an extraordinary turnout from every segment...
On February 26, 2024, workers in Guinea initiated a nationwide strike, causing closures of businesses and significant disruptions in the mining sector . Commencing an indefinite general strike marks a crucial challenge for the junta, which took control in 2021, instituting a ban on protests and stifling dissenting voices. Their demands included: Increased wages. The removal of internet restrictions. The liberation of a detained trade union leader. The strike ensued a week following the abrupt dissolution of the transitional government, which had been in power since July 2022, by the military junta without explanation. The junta additionally instructed the seizure of government members' passports and froze their bank accounts. In the seaside capital on February 26, 2024, police maintained...
On Tuesday, February 27, Hind Aluminium Industries Limited announced its consolidated quarterly results (October 1-December 31, 2023), explaining an in-depth comparison with the previous quarter and year. Hind Aluminium revealed its net sales in Q3 FY2023-24 stood at INR 0.14 crore, down 48.15 per cent from INR 0.27 crore during the corresponding period of the previous year. On a quarter-on-quarter calculation, the fall was more intense compared to the net sales of INR 0.48 crore in Q2 FY2024 . However, despite the fall in net sales, the company’s net profit skyrocketed by 204.98 per cent year-on-year from INR 2.01 crore to INR 6.13 crore in the third quarter of the ongoing financial year. On a quarter-on-quarter basis, the net profit increased by 60.05 per cent from INR 3.83 crore....
On February 6, the Jinan Bureau of China Railway took a significant step towards enhancing the efficiency of logistics operations and promoting sustainable development by signing the 2024 railway logistics general contract service agreement with Xinfa Group. Shandong Xinfa Aluminum Co., Ltd. occupies an expansive area of 25,000 square meters, boasting a robust registered capital of RMB 50 million. The company commands total assets worth RMB 380 million and boasts a workforce of 1,400 employees. About the contract This contract signifies a significant stride towards optimizing the logistics supply chain, driving down operational costs, and fortifying Xinfa Group's path towards green, low-carbon, and high-quality development.The agreement, representing the National Railway Group, entails a...
Pennsylvania, the fifth-most populous state in the United States, is reportedly facing economic distress due to inflation and unemployment. Strained global supply chains, labour shortages, and historic inflation outpacing income have been causing hurdles for the past few years. Role of aluminium & steel tariffs To top them off, the tariffs on aluminium and steel imports levied during the reign of US President Donald Trump under the guise of national security have caused bruises to end-use product manufacturers, given that Pennsylvania has robust product sectors heavily dependent on aluminium and steel as inputs. From farming equipment to auto parts, aluminium plays a significant role in their production. Many believe that federally imposed Section 232 tariffs on aluminium and steel have...
Rossinavi, the esteemed Italian shipyard, recently introduced a new marine brand, Nolimits, signalling a bold move into yacht design. This innovative range comprises five aluminium crossovers specifically designed for transoceanic voyages, pushing the boundaries of traditional yacht construction. About Nolimits Founded by the esteemed Rossi family, renowned for establishing the Rossinavi shipyard in 1980, Nolimits represents a strategic expansion into a distinct market segment. These crossovers, marrying the essence of explorer vessels with the luxury of superyachts, embody Rossinavi's unwavering dedication to pushing the boundaries of innovation. Designed by the acclaimed visionary Fulvio de Simoni, the Nolimits fleet ranges from 30 to 45 meters long. Meticulously crafted entirely in...
Two prominent East Asian nations, the world's top economies, are leading in the steel industry. Now, from the cross border, two steel giants are poised to make significant investments in the aluminium sector. Kobe Steel, the third-largest steelmaker in Japan, and China Baowu Steel Group, a global leader in steel production, are joining hands to establish a pioneering joint venture. This partnership aims to capitalise on the booming demand for electric vehicles (EVs) in China by introducing cutting-edge lightweight aluminium panels . This strategic collaboration highlights the evolving trade dynamics between Japan and China and addresses international considerations and environmental imperatives, marking a significant advancement in the market. Collaborative partnership in the electric...
On Monday, February 26, LME aluminium opened at US$2,182 per tonne, with its high and low at US$2,195 per tonne and US$2,175 per tonne, respectively, before closing at US$2,182 per tonne, down 0.09 per cent. According to the LME data, LME aluminium cash bid price and LME aluminium official settlement price plunged for the third day in a row. Both the prices shrank by US$16.50 per tonne or 0.77 per cent to initiate the week at US$2,140 per tonne and US$2,140.50 per tonne, respectively. With this fall, the prices hit a one-month low on Monday, attributed to an inventory surge in Shanghai and the withdrawal of sanctions by the United States on Russian metal. On the same day, the 3-month bid price and 3-month offer price slipped by US$11.50 per tonne to come in at US$2,185 per tonne and...
On Tuesday, February 27, China’s A00 aluminium ingot price ascended by RMB110 per tonne to settle at RMB 18,810 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 per tonne to RMB 10 per tonne. The average prices are expected to stand between RMB 18,790 per tonne and RMB 18,830 per tonne. As per the SMM data, the prices in Gongyi, Hangzhou and Chongqing have expanded by RMB 110 per tonne to peg at RMB 18,720 per tonne and RMB 18,810 per tonne. On the same day, the prices in Wuxi have added RMB 100 per tonne to reside at RMB 18,810 per tonne, followed by a growth of RMB 80 per tonne in Foshan to clock at RMB 18,870 per tonne. The domestic aluminium ingot prices in Shenyang and Linyi have hiked by RMB 60 per tonne to reach RMB 18,810 per tonne. In...
Base metals prices on the London Metal Exchange (LME) generally trended positively for the week ending on February 23, except aluminium, which saw a decline of 1.7 per cent due to increasing stocks. Aluminium stocks at LME warehouses notably rose by over 8 per cent to 580,275 tonnes from 534,925 tonnes. On the LME, three-month aluminium futures decreased to $2,180 per tonne, while nickel prices increased by 6.9 per cent to $17,495 per tonne. Copper prices rose to $8,567 per tonne, marking a 0.9 per cent increase; zinc gained 0.8 per cent to reach $2,405 per tonne, and lead prices saw a 1.5 per cent rise to $2,095 per tonne. In India, there were minor fluctuations in imported and domestic aluminium scrap prices, while prices for P1020 on the primary market declined. Copper and zinc prices...
In the initial eight months of a new sustainability initiative, Cherwell District Council reported that over one million aluminium or plastic coffee pods have been recycled. Collaborating with the non-profit organization Podback, the council has been collecting used pods from residents for recycling. Since its launch in May 2023, approximately 3,000 households have participated in the scheme. Following collection, the pods undergo transportation to specialized reprocessing plants for recycling. Upon joining the scheme, participants are provided with white or green bags based on their use of aluminium or plastic coffee pods. Councillor Andrew McHugh, portfolio holder for cleaner and greener communities, said, "Waste reduction and recycling are key commitments for the council, but we can...
On February 20, He Shuping, secretary of the Guangyuan Municipal Party Committee, chaired the eighth meeting of entrepreneurs in Guangyuan City along with the Forum on aluminium ingot trade. During this session, he engaged in direct discussions with entrepreneurs and representatives from banking institutions, actively seeking their insights and suggestions regarding the development of supply chain finance and the expansion of the aluminium ingot trade. About the meeting He emphasized the critical need to thoroughly study and implement the guidance provided by the General Secretary during the visits to Sichuan and Guangzhou. Furthermore, he highlighted the necessity of fully executing the decisions and plans set forth by the Party Central Committee and the provincial Party Committee. The...
