CANEX Aluminium, an Egypt-based manufacturer of aluminium extrusions and die-cast components, won the Women With Metal – Champion Company award on 6 October 2026 at ALUMINIUM 2026 in Düsseldorf, Germany. The recognition came during the second edition of Women With Metal – The ALUMINIUM Awards, held at the Conference Theatre in Hall 7a on the opening day of the trade fair at Messe Düsseldorf. The award recognises organisations demonstrating an outstanding commitment to empowering women and fostering a more inclusive and supportive industry. CANEX was shortlisted alongside Speira GmbH, ISOLPACK SPA, and Steel and Alloy Processing / Gonvarri Steel Services. The recognition also highlighted the contribution of CANEX's QHSE Manager, Rasha Othman, who was a finalist in three individual...
The London Metal Exchange (LME) aluminium price graph dipped across the pricing and contract segments on the November 2 trading session, reporting declines over the October 30 close . The Asian Reference Price and alumina Platts price, on the other hand, reported nearly 1 per cent gains. The LME aluminium cash bid price dipped by 0.63 per cent from USD 3,113.5 per tonne to USD 3,094 per tonne. The offer price moved from USD 3,114 per tonne to USD 3,095 per tonne, down 0.61 per cent day-on-day. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid advanced from USD 3,078 per tonne from USD 3,059.5 per tonne, decreasing by 0.6 per cent. The offer...
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Danaos, a Greek-owned company led by John Coustas and renowned for its container ship fleet, has extended its presence in the dry bulk sector by acquiring additional Capesize vessels. The company, which already operates seven such vessels, has purchased two more, built-in 2010 and 2011, for a total of $52.8 million. These vessels, known as Xin Hang from Jiangsu Steamship and Guo May from Foremost, are scheduled for delivery in April and July 2024, respectively. Danaos Corporation stands out as a prominent entity in large-size containership ownership, operating independently. Its primary business model involves leasing these vessels to major liner companies under secure, long-term agreements at predetermined rates. Distinguished by its cutting-edge shipping technology and an extensive...
NASA, in collaboration with Redwire and NeXolve, has achieved a pivotal milestone in solar sail technology. The focus is on developing a sail made of a polymer material coated with aluminium, resembling aluminium foil, to propel spacecraft using the light of the Sun. Solar sails, akin to sailboats on Earth, capture sunlight using large sails, propelling the spacecraft forward. The NASA project incorporates four identical solar sail quadrants, each with a surface made of a polymer element coated with a thin layer of aluminium, measuring just two and a half microns in thickness. This combination creates a lightweight yet effective mechanism for capturing solar energy. Testing the unfurling capability – NASA's brilliance A recent test at the Redwire facility in Colorado marked a significant...
In 2023, Bühler sailed through a challenging and unpredictable global environment, achieving heightened profitability and enhancing its equity ratio. Leveraging its status as an innovative solution provider, the company capitalised on numerous opportunities, securing a larger market share amid shifts in its primary sectors. Revenue surged significantly in local currencies, while order volume slightly increased. Bolstered by a substantial order backlog totalling CHF 2.0 billion, Bühler stands strongly positioned for the year ahead in 2024. Stefan Scheiber, the CEO of Bühler, stated, "We are satisfied with the outcome of 2023 and have proved again that we are a reliable partner in this dynamic world." In 2023, Bühler demonstrated robust performance at the group level, achieving a slight...
India is witnessing a surge in imported aluminium prices this week driven by several factors, including a notable increase in futures, limited availability of material, and a positive shift in demand. Across various grades of aluminium scrap, prices have risen by approximately $25-35/t w-o-w. According to BigMint's assessment, Tense scrap of Middle East (UAE) origin has experienced a $20/t increase, reaching $1,720/t. Simultaneously, scrap prices from the US have seen a $30 per tonne (t) hike, now standing at $1,790/t w-o-w. Notably, the sellers have reported that Zorba 95-5 of UK origin is currently facing challenges in the Indian market due to the Red Sea incident. As a result, Tense Scrap is gaining preference among buyers. Furthermore, an indentor shared with BigMint that the prices...
AluK has recently added two notable members to its UK Board, with Paul Booth, a respected figure in the industry, assuming the role of R&D Director and James Schools, a seasoned manufacturing specialist, stepping in as Finance Director. Their appointments signify a significant boost for AluK, as they bring a wealth of experience and expertise that will be instrumental in driving the company's ambitious initiatives for 2024 and beyond in the realm of aluminium systems. Let us know about Aluk AluK is a global leader in aluminium construction systems. It is known for its engineering, distribution and design of aluminium windows, doors, and facade solutions. Founded over 70 years ago, AluK has become a significant player in the aluminium construction systems sector and currently runs...
On Tuesday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price continued to grow by US$16 per tonne or 0.73 per cent to settle at US$2,203 per tonne and US$2,204 per tonne, respectively. On a month-on-month basis, the LME aluminium benchmark price has recorded a surge of 1.3 per cent from US$2,175 per tonne. On the same day, 3-month bid price and 3-month offer price experienced a hike of US$18 per tonne to reach US$2,232 per tonne and US$2,234 per tonne. December-25 bid price and December-25 offer price increased by US$12 per tonne to close the day at US$2,452 per tonne and US$2,457 per tonne. The LME aluminium opening stock amounted to 525,225 tonnes on February 13 versus 525,250 tonnes on the previous day. Live Warrants and Cancelled Warrants...
Latvia, a country on the Baltic Sea between Lithuania and Estonia, has announced its achievement of an 80 per cent return rate since it launched a deposit return system (DRS) for drink container recycling made of aluminium, plastic or glass. Latvia launched a deposit return system (DRS) on February 1, 2022, with global reverse vending leader TOMRA Collection. TOMRA’s innovative reverse vending solutions keep bottles and cans in the loop of reuse and out of streets, oceans, and landfills. Within only thirteen months between the appointment of the local DRS operator and the full public launch of the system, Latvia’s landmark achievement reflects an efficient return scheme of used containers for recycling. The deposit return system in Latvia uses a return-to-retail model, where consumers...
On February 13, 2024, National Aluminium Company Ltd announced a nearly twofold increase in consolidated profit, reaching INR 470.61 crore for the December 31, 2023 quarter. Nalco's filing to BSE marks a substantial rise of around 83.6 per cent (Y-o-Y) compared to the consolidated profit of INR 256.32 crore reported in the October-December quarter of FY2022-23. In the same quarter last year, Nalco disclosed a net profit of INR 256.3 crore, as per a regulatory filing. The company reported a 1.5 per cent increase in revenue from operations, reaching INR 3,346.9 crore compared to INR 3,297.2 crore in the corresponding period of the previous fiscal year. At the operational level, EBITDA surged by 66 per cent to INR 773.1 crore in the third quarter of the current fiscal year, compared to INR...
On Tuesday, February 13, Hindalco Industries Limited announced a strong double-digit growth in net profit for the third quarter of FY2024 ended December 31, 2023. As per the report, the Aditya Birla Group Company’s consolidated net profit soared 71 per cent year-on-year to amount to INR 2,331 crore, driven by robust performance across aluminium and copper business segments. Hindalco’s consolidated EBITDA was INR 6,322 crore, up 61 per cent year-on-year on account of lower input costs and strong operating performance. In the Indian aluminium segment, upstream business EBITDA for the quarter was INR 2,443 crore, up 54 percent Y-o-Y. Consolidated revenue for the third quarter of FY2024 was INR 52,808 crore – 1 per cent less than INR 53,151 crore a year ago. Revenue from the upstream segment...
Qcells, a prominent player in the U.S. solar panel manufacturing landscape, has forged a unique partnership with SOLARCYCLE, a cutting-edge solar recycling firm, ushering in a new era of sustainability. This collaboration is not only the first of its kind but also holds immense promise for the aluminium industry, emphasising a circular, clean energy supply chain. SOLARCYCLE, based in Odessa, Texas, stands out with its technology-driven solar recycling approach. With a focus on extracting over 95% of a solar panel's value, well above the industry norm of 50%, the company employs patented methods to efficiently recycle materials like aluminium, silver, copper, silicon, and low-iron glass. This forward-looking initiative aligns with Qcells' commitment to building a more sustainable clean...
VALCO, under the astute leadership of Daniel Nii Kwartei Titus-Glover, has embarked on a transformative journey by signing a crucial shareholder agreement with Daiichi Company. This collaboration heralds the birth of VALCO-DAIICHI ESC LIMITED COMPANY, a pioneering venture set to revolutionise the aluminium industry. VALCO, a stalwart in Ghana's aluminium industry, has partnered with Daiichi Company to establish VALCO-DAIICHI ESC LIMITED COMPANY. This new entity focuses on the production of cutting-edge LED light fixtures and bulbs. Benefits for Valco's aluminium business The collaboration adds significant value to Valco's primary aluminium, opening avenues for diversified revenue streams. This strategic move not only solidifies VALCO's market presence but also contributes substantially to...
Vedanta Aluminium has reportedly launched an e-commerce platform called Vedanta Metal Bazaar for primary aluminium product sales. The platform will facilitate buyers with a real-time shopping experience, providing AI-based price discovery, end-to-end visibility of purchases, and in-time delivery. As per the report, there are 750 aluminium products listed on Vedanta Metal Bazaar. Products include ingots, billets, foundry alloy, wire rods, rolled products, flip coils, hot metal, and in-house low-carbon aluminium Restora. In addition, the e-superstore also offers customised solutions tailored to the needs of the company's customer base. The platform is one-of-a-kind in the aluminium value chain, having integrated features. On a single platform, aluminium buyers can access product...
According to data from the London Metal Exchange (LME) released on February 12, 2024, the proportion of aluminium stocks originating from Russia in warehouses approved by the LME remained consistent at 90 per cent throughout January. Despite some restrictions, the London Metal Exchange (LME) recently reported that Russian metal is still being transported through LME-registered warehouses. In January 2024, the quantity of Russian primary aluminium stocks on the LME warrant decreased to 286,750 tonnes, down from 338,375 in December, according to data.
In a strategic move towards fostering eco-friendly manufacturing, the Industrial Estate Authority of Thailand (IEAT) has collaborated with Japanese giants IHI Corporation and IHI Asia Pacific (Thailand) Co. The focus lies on the Smart Park Industrial Estate in Rayong, emphasising the imperative need for green infrastructure and renewable energy in the pursuit of a sustainable industrial landscape. The IEAT, in alignment with global trends, is undertaking a one-year feasibility study, marking the initial phase of a groundbreaking project. As the European Union implements the Carbon Border Adjustment Mechanism (CBAM), encompassing aluminium among other sectors, the aluminium industry is at the precipice of transformative change. This mechanism aims to curtail carbon-intensive manufacturing,...
Introducing the latest innovation from SPIROL, the Series CL6000 lightweight Compression Limiters, crafted from lead-free aluminium with precision machining. Compression Limiters play a crucial role in fortifying high-stress joints within plastic assemblies, mainly where bolts are employed to connect components. These limiters safeguard plastic components from excessive compression, effectively absorbing the load during bolt tightening to the specified torque, thus ensuring the joint's longevity and reliability over the product's lifespan. The CL6000 series is meticulously machined from 2024-grade aluminium and is renowned for its optimal blend of strength, corrosion resistance, machinability, and cost-effectiveness. Compared to brass counterparts, these aluminium Compression Limiters...
On Monday, February 12, Novelis, the world’s leading producer of aluminium flat-rolled products and recycler, announced the third quarter results for the financial year of 2023-24, revealing net sales of US$3.94 billion, down by 3.9 per cent Q-o-Q from US$4.1 billion and 6.19 per cent less Y-o-Y than US$4.2 billion. In nine months of the year, the company’s net sales amounted to US$12.133 billion versus US$14.089 billion during the corresponding period of the previous year. The sequential decline in net sales during Q3 FY2024 could be attributed to the sluggish aluminium prices and lower shipments. According to the report, Novelis’ shipments during the third quarter of FY2024 totalled 910,000 tonnes – 2.47 per cent less than 933,000 tonnes in Q2 FY2024. On a year-on-year basis, the...
On February 12, the LME aluminium cash bid price and LME aluminium official price halted at US$2,187 per tonne and US$2,188 per tonne, with a uniform surplus of US$7.50 per tonne or 0.34 per cent. The 3-month bid price stood at US$2,214 per tonne, gaining US$2 per tonne or 0.09 per cent, while the 3-month official price stopped at US$2,216 per tonne, up US$3 per tonne or 0.13 per cent. The 25 December bid price registered a rate of US$2,440 per tonne, and the 25 December offer price stood at US$2,445 per tonne, adding US$2 per tonne or 0.08 per cent. On Monday, the Opening Stock parked at 525,250 tonnes, while LME Live Stock registered 325,600 tonnes, and Cancelled Warrants reached 199,650 tonnes. The Asian Reference price halted at US$2,207.35 per tonne, negating US$6.47 per tonne or...
One of the most critical areas determining cell life reduction and productivity over that life is the efficient sealing or lack of good sealing at the cathode bar penetrations on each cell. Engineers and product developers have worked for years to improve the sealing solutions in this critical application to lengthen reduction cell life and avoid premature failure or the inevitable declining productivity of cells that have not been suitably sealed during rebuild operations. Mid-Mountain Materials, Inc. has worked to develop creative products and solutions for this application for almost half a century. This has culminated in the design and implementation of two systems proving to be very highly efficient sealing systems for cathode bars in the worldwide aluminium industry. Mid-Mountain’s...
