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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Last week, the Aluminium Stewardship Initiative announced the joining of Reynaers Aluminium, a European developer of aluminium products for the building sector, as a new Industrial User member. With its innovative range of aluminium products, Reynaers Aluminium offers comprehensive support to architects, fabricators, project developers, investors, and end users. Reynaers is a leading specialist in developing and marketing sustainable aluminium solutions for windows, doors, and facades. Reynaers’ key focus is to create energy-efficient architectural aluminium products to help its customers build a future-proof home. It constantly strives to increase the circularity level of building materials to enhance the lifespan of products it develops and improve environmental impact. On becoming an...
Lava Blue is progressing with developing its Predictive Research into Specialty Materials (PRiSM) centre towards small-scale commercial production. The Centre for Predictive Research into Specialty Materials (PRiSM) by Lava Blue, situated in Redlands, Brisbane, was established to explore and showcase the scalability of processing methods for high-purity materials. PRiSM integrates research, development, and demonstration capabilities within a facility enriched with sensors and equipped for machine learning applications. The manufacturer of high-purity materials initiated its collaboration with the Queensland University of Technology in 2018 to devise a method for producing high-purity alumina (HPA) from sapphire-bearing kaolin clay deposits located in northwest Queensland. HPA, an...
On Monday, February 26, China’s domestic A00 aluminium ingot price shed off RMB 170 per tonne over the weekend to reach RMB 18,700 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,680 per tonne and RMB 18,720 per tonne, with a spot contract to be traded at a discount price of RMB 50-10 per tonne. Compared to the same period last week , today’s domestic aluminium ingot price stands 0.64 per cent lower than 18,820 per tonne. Similarly, on a month-on-month basis, the price has registered a plunge of 2.2 per cent from RMB 19,120 per tonne. A00 aluminium ingot prices in Foshan and Hangzhou also declined by RMB 170 per tonne over the weekend to stand at RMB 18,790 per tonne and RMB 18,700 per tonne, respectively. In Gongyi and Wuxi, the...
On February 25, Alcoa announced a new agreement with Alumina Limited regarding acquiring Alumina Limited, pending the finalization of a scheme implementation agreement. The companies have signed an exclusivity and transaction process deed with Alumina Limited's Board of Directors indicating its intent to recommend the transaction to shareholders. About the agreement In this all-scrip (all-stock) deal, Alumina Limited shareholders are set to receive 0.02854 shares of Alcoa for each share of Alumina Limited they own, as per the "Agreed Ratio." As of Alcoa's closing share price on February 23, 2024, this ratio suggests an equity valuation of approximately $2.2 billion for Alumina Limited. The Board of Directors of Alumina Limited plans to recommend the Agreed Ratio to its shareholders,...
In January 2024, the Gulf Cooperation Council produced 532,000 tonnes of primary aluminium compared to 530,000 tonnes in December 2023 and 525,000 tonnes in January 2023, found the International Aluminium Institute. Meaning, the output in January 2024 recorded a month-on-month growth of 2,000 tonnes or 0.38 per cent and a year-on-year hike of 7,000 tonnes or 1.33 per cent. The average daily production stood at 17,200 tonnes in January 2024 versus 17,100 tonnes in the previous month. On a year-on-year basis, the daily output increased by 1.78 per cent from 16,900 tonnes. According to the IAI data, the Gulf Cooperation Council's primary aluminium production in January 2024 accounted for 8.81 per cent of the world's total output. Compared to the same period last year, the Gulf countries'...
LME aluminium opened at US$2,202 per tonne last Friday, with its high and low at US$2,213 per tonne and US$2,175 per tonne, respectively, before closing at US$2,184 per tonne, down US$17 per tonne or 0.77 per cent. On Friday, February 23, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$21.5 per tonne or 0.98 per cent to settle at US$2,156.50 per tonne and US$2,157 per tonne. As per the LME data, both the 3-month bid price and the 3-month offer price contracted by US$26.5 per tonne or 1.19 per cent to peg at US$2,196.50 per tonne and US$2,197 per tonne. The LME aluminium price graph revealed that December 25 bid price and December 25 offer price both dipped by US$25 per tonne or 1.02 per cent to stop at US$2,415 per tonne and US$2,420 per tonne....
Samsung has reportedly unveiled its entry-level health and fitness tracker Galaxy Fit 3 in the Philippines market. The product started being available in the market from February 3, 2024, featuring aluminium frame. The new fitness band comes in grey, silver, and pink gold colour options. Although the product is currently available in select market, it will soon expand to more regions in the coming days. The Samsung Galaxy Fit 3 band sports a 1.6-inch rectangular AMOLED display, with 256MB on-board storage and 16MB RAM. The product is powered by a 208mAh battery, which, according to the company, will last for up to 13 days on a single charge. The list of sensors on the fitness tracker includes accelerometer, barometer, gyro sensor, optical heart rate sensor, and light sensor. As far as...
The continuous innovation in downstream aluminium processing technologies enhances product quality, efficiency, and versatility. Countries investing in research and development within this sector gain a competitive edge in international trade by offering high-quality products with improved characteristics. Nations like China, Germany, South Korea, Japan, Italy, Mexico, and many others with a robust downstream aluminium industry can export value-added products, contributing positively to their trade balance. Conversely, countries heavily reliant on importing downstream aluminium products may need a competitive domestic industry to avoid trade deficits. The most recent industry report from AL Circle, titled "Global Aluminium Industry Outlook 2024 " mini version," provides comprehensive...
Every Can Counts has recently announced an exciting new partnership with one of the UK's leading brewers, Molson Coors Beverage Company. This collaboration marks a significant step for the not-for-profit initiative, which aims to promote the recycling of aluminium drink cans. About the partnership Under this partnership, Molson Coors, renowned for producing popular brands such as Carling, Coors, and Madrí Excepcional, will work closely with Every Can Counts, drink can manufacturers and the wider recycling industry. Together, they will raise awareness about the importance of recycling drink cans, particularly at events and festivals. Molson Coors will be the first brewer to commit to an annual partnership with Every Can Counts in the UK in a groundbreaking move. By doing so, Molson Coors...
Amidst a tumultuous turn of events, the price of aluminium has witnessed a surge propelled by speculations of imminent US sanctions against Russia, with the metal industry likely to be a focal point. However, the price gained momentum and dropped again later in the week. The ambiguity surrounding the precise sectors to be impacted has instilled unease among investors, heightened by President Joe Biden's allusion to a forthcoming "major" sanctions package scheduled for unveiling on February 23, 2024. The most recent industry-focused report by AL Circle, titled "Global Aluminium Industry Outlook 2024," provides forecasts for various aspects of the aluminium industry, encompassing primary and secondary aluminium production, as well as consumption and usage across different segments. Here are...
The spot prices for Aluminium ADC12 alloy ingots used in automobiles rose by INR 2,000 per tonne W-o-W, reaching INR 204,000 per tonne. This surge is primarily linked to the rise in local tense scrap prices. India's prominent automobile manufacturer, which holds significant influence in setting prices within the domestic aluminium alloy ingot market, has revealed its monthly settlement prices for aluminium alloy ingot ADC12 at INR 207,400 per tonne for March 2024. This reflects a monthly increase of INR 7,900 per tonne and signifies the highest level seen in ten months, dating back to May 2023. North Indian market In the North Indian market, a scarcity of raw materials, particularly tense scrap, has caused prices to surge to INR 172,500 per tonne ex-Delhi, excluding GST. Seizing the...
In 2023, DUBAL Holding LLC (DH), the investment wing of the Dubai Government operating across commodities, mining, power and energy, and industrial sectors, achieved a net profit of AED 1.79 billion, showcasing a strong performance for the group yet again. The announcement came during DH's annual general meeting (AGM), presided over by its Chairman, His Excellency Saeed Mohammed Al Tayer. The board, management team, auditors, and shareholder representative from the Investment Corporation of Dubai (ICD) convened for the meeting. Dubal Holding experienced a noteworthy year, propelled by its international acquisition, expansions, and strong operational performance. HE Saeed Mohammed Al Tayer, Chairman of DUBAL Holding, said, “We are working diligently in line with the directives of our wise...
Aluminium, often hailed as the unsung hero of modern materials, holds a pivotal role in shaping our world sustainably. Its lightweight yet robust nature makes it indispensable across various industries, from aerospace to automotive, construction to electronics. Beyond its versatility, aluminium's environmental credentials truly shine. As the third most abundant element in the Earth's crust, its extraction and recycling processes offer a beacon of sustainability. With the ability to be recycled infinitely without loss of quality, aluminium stands as a champion of circular economy principles, significantly reducing energy consumption and greenhouse gas emissions. This metal empowers innovation and progress and embodies a profound commitment to a greener, more responsible future. In the...
Rio Tinto will reportedly see a change in its board at the end of the annual general meeting on May 2, 2024, as Simon McKeon will step down as a Non-Executive Director. Since the last year, Rio Tinto appointed five new Non-Executive Directors as it continued to refresh the composition of the board. As part of that changeover, Simon McKeon has agreed to resign from the position of a Director at the conclusion of Rio Tinto’s AGM, and will not seek re-election by shareholders. Rio Tinto Chair Dominic Barton said, “I am extremely grateful to Simon for his invaluable contribution. Having regard for his roles as Rio Tinto Limited's Senior Independent Director and the Designated Director for workforce engagement, Simon has taken a particular interest in Rio Tinto's revitalised approach to...
Morten Wierod has been appointed as the Chief Executive Officer by the ABB Board of Directors. He will assume the role on August 1, 2024, succeeding Björn Rosengren, who will step down from his position effective July 31, 2024, and retire by December 31, 2024. During the transition period from August 1, 2024, until the year's end, Björn Rosengren will provide guidance and support to Morten Wierod and the Executive Committee to ensure a smooth handover. After a comprehensive selection process, the Board chose Morten Wierod, aged 52 and a Norwegian citizen. He has been with ABB since 1998 and has been a member of the Executive Committee since 2019, currently serving as President of the Electrification Business Area. Previously, he held the position of President of the Motion Business Area....
In 2023, Lizhong Group achieved significant financial milestones, with total revenue of RMB 2,367.9 million, marking a notable increase of 10.80 per cent over the previous year. The net profit attributable to shareholders of listed companies, excluding equity incentive expenses, stood at RMB 710.45 million, reflecting a robust growth of 15.63 per cent Y-o-Y. Furthermore, the net profit attributable to listed shareholders soared to RMB 602.48 million, a remarkable surge of 22.35 per cent over the same period last year. Several factors propelled the company's impressive performance during the reporting period. The recovery of the downstream automobile industry chain and the continuous surge in demand for new energy and high-end products contributed significantly to Lizhong Group's success....
Kaiser Aluminum Corporation, an American aluminium producer specialising in semi-fabricated products, has announced its fourth quarter and full-year results for FY2023, whereby it has declared a stellar performance under the leadership of CEO Keith Harvey and CFO Neil West. The company’s financial results showcase the resilience and strategic insight that propelled an improvement even amid inflation and market destocking. In the fourth quarter, which ended December 31, 2023, Kaiser Aluminum yielded net sales of $722 million and revenue of $361 million. Although the net sales registered a year-on-year drop of 6.96 per cent from $776 million, revenue grew by 1.40 per cent from $356 million. In the full year, Kaiser’s net sales derived at $3.09 million, down by 9.91 per cent from $3.43...
Australia's largest extruder and distributor of industry-leading aluminium products, Capral, achieved full-year underlying earnings in 2023 that matched the previous year's record, surpassing guidance expectations. This accomplishment was propelled by the company's diversified industry presence and robust sales performance, particularly notable in the residential, commercial, and industrial sectors during the year's first half. Capral exhibited resilience in its financial performance despite facing challenges such as higher interest rates and ongoing inflationary pressures, as Managing Director Tony Dragicevich stated. The company reported underlying earnings before tax, depreciation, and amortization (EBITDA) of $62.5 million for the year, a slight increase from the previous year's $62.2...
