Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced a technology upgrade pilot at the company’s Al Taweelah smelter, which will further improve productivity and efficiency. The pilot upgrades to 13 DX technology reduction cells will be used to prove the performance of the new technology, called E40, before industrialisation across all 808 DX technology reduction cells at potlines 1 and 2 at Al Taweelah. If applied to all 808 reduction cells, EGA’s E40 technology has the potential to increase hot metal production from the two potlines by 67 thousand tonnes per year, while reducing net specific energy consumption and associated carbon dioxide emissions from power generation by approximately six per cent per tonne of...
Maaden’s aluminium business delivered a stronger Q2 2026 performance, with revenue rising 49 per cent year on year to USD 1.01 billion, supported by higher aluminium production and stronger realised prices. According to industry sources, Maaden’s aluminium business produced 242,000 tonnes in Q2 2026, while realised aluminium prices reached USD 3,915 per tonne, up 51 per cent. The combination of higher aluminium output and stronger realised prices helped drive the 49 per cent increase in Maaden aluminium revenue to USD 1.01 billion. The growth came alongside gains in both volume and pricing rather than from a one-off accounting effect. The stronger Q2 performance puts aluminium prices in focus for Maaden’s earnings. With realised aluminium prices reaching USD 3,915 per tonne, the company...
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The world’s primary aluminium production increased in July 2024, driven by robust output across all the major primary metal-producing regions. On a month-on-month basis, the world’s primary aluminium production in July registered an increase of 3.54 per cent, while that on an annual calculation recorded a rise of 2.41 per cent, found the International Aluminium Institute. In July, the global output of primary aluminium stood at 6.194 million tonnes, reaching a new high, compared to 5.982 million tonnes in June 2024 and 6.048 million tonnes in July 2023. Total production through the first seven months of the year was 42.074 million tonnes, up by 3.78 per cent from 40.543 million tonnes. The daily average production in July was 199,800 tonnes, 400 tonnes more than 19,400 tonnes in June and...
On India's 78th Independence Day, Vedanta Aluminium, India's largest aluminium producer, has launched Phase Three of Project Shree Shakti, a pioneering initiative to induct women employees into the night shift at its smelter operations in Jharsuguda, Odisha. The latest phase of this project, the first of its kind within the state's metals and manufacturing industry, was launched by Priya Agarwal Hebbar, Non-Executive Director of Vedanta Limited and Chairperson of Hindustan Zinc. It will enable women employees to have greater flexibility to work at their preferred hours and also take on critical roles in core plant operations. The initiative underscores Vedanta Aluminium's commitment to fostering a more inclusive and equitable workforce while ensuring their constant safety and wellbeing....
Aluminium, known for its lightweight, durability, and infinite recyclability, plays a crucial role in developing more efficient and sustainable vehicles. It is extensively used in both structural and propulsion components. With the introduction of the Green Mobility and Innovation (Mover) program, its significance in the Brazilian automotive industry is set to grow even further. Promoting increased use of aluminium in Brazil This initiative will promote increased use of aluminium and unlock new opportunities within the sector. Sanctioned in June 2024 by President Luiz Inácio Lula da Silva, the Mover program is designed to accelerate the decarbonisation of Brazil's automotive sector. It emphasises the development and production of electric and hybrid vehicles featuring aluminium and...
North America's premier outdoor and conservation company, Bass Pro Shops, has announced a reduction in its aluminium boatbuilding workforce, trimming approximately 10 per cent of its employees. The company employs around 1,000 individuals across its Lebanon and Bolivar, Missouri facilities. This decision is part of a strategic adjustment in response to evolving market conditions and operational efficiencies. Bass Pro stated, “The decision to eliminate any position is not something we take lightly. Our employees are the best in the industry and have never wavered in their commitment to building superior products for our customers. Out of respect and appreciation for their dedicated service, the company will continue to support each outfitter as fairly as possible through the transition.”...
Ardagh Metal Packaging S.A., a global supplier of sustainable, infinitely recyclable packaging solutions, has appointed Stefan Schellinger, who will succeed David Bourne as a new Chief Financial Officer (CFO). The appointment will be effective from September 1, 2024. Schellinger will join Ardagh with more than 25 years of experience in finance and commerce. He also has a strong background in relevant industrial end markets as he previously worked as CFO and Executive Director at ContourGlobal plc and Essentra plc. Schellinger served ContourGlobal plc as Executive Vice President, Global Chief Financial Officer, and a member of the Board of Directors from 2019 to 2023. Before that, he was Group Finance Director and Executive Director of the diversified industrial company Essentra plc from...
Aluminium can manufacturers in Brazil have reported a delightful H1 2024 owing to encouraging beverage can sales led by favourable macroeconomic conditions. On the continuity of this trend, beverage can sales are set to poise a 5 per cent growth at the year-end, compared to an annual increase of 1.65 per cent last year, according to Cátilo Cândido, president of the Brazilian Association of Aluminum Can Manufacturers (Abralatas). The association's president also apprised that the current production rate of aluminium beverage cans in Brazil is 32.6 billion can units per year, while per capita consumption is 165 12-can packages per year. In an interview with S&P Global Commodity Insights, Cândido shared his perspective on aluminium can sales, stating that it is a complex interplay of scale,...
Western Australian manufacturer Ciltech has rapidly established itself as a leader in designing and producing jetties, pontoons, and other marine infrastructure. The company's unwavering commitment to excellence and its use of high-quality materials, such as its proprietary aluminium extrusions, have set it apart in a highly competitive market. Ciltech's success is deeply rooted in its Western Australian heritage, where it consistently delivers innovative products that redefine industry standards. A vital element of this success is the company's strong collaboration with Capral, which has led to the development of its proprietary aluminium extrusions. These extrusions, which form the backbone of its state-of-the-art jetty systems, are integral to 98 per cent of the pontoons produced by...
The National Green Tribunal (NGT) 's decisive action against Mumbai-based Ashapura Meinchem Limited for environmental violations is a major development in India's mining sector. The tribunal's scrutiny comes in response to severe accusations of non-compliance with specific conditions outlined in the Environmental Clearance (EC) the Ministry of Environment and Forests (MoEF) granted to the company, as reported by Free Press Journal. Ashapura Meinchem Limited, a flagship entity of the Ashapura Group and India's leading mine owner and exporter of bentonite, has been carrying out bauxite mining operations in UmberShet, Dapoli, located in the ecologically sensitive Ratnagiri district since February 24, 2016. The NGT's intervention was prompted by reports of the company's alleged disregard for...
The New Zealand Aluminium Smelter (NZAS) has agreed to further reduce its electricity consumption by an additional 20 megawatts to alleviate pressure on the national grid amid the current energy squeeze. This reduction comes on top of the 185MW demand cut the smelter recently implemented. Tiwai, the country's largest power consumer, typically accounts for around 13 per cent of New Zealand's total electricity usage under normal conditions. NZAS agreement with Meridian Energy NZAS has signed an agreement with Meridian Energy to release 20MW of electricity to the national grid over an estimated five-week period, including the ramp-down and ramp-up phases. This agreement is independent of the existing demand response arrangements with Meridian Energy and Contact Energy. It underscores the...
On August 20th, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), increased by RMB 30 per tonne, following a significant increase the day before. The price settled at RMB 19,490 per tonne, bringing the month-on-month price to the same level of RMB 19,490 per tonne. The average price of A00 aluminium ingot is hovering between RMB 19,470 per tonne to RMB 19,510 per tonne, while the spot contract is likely to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne with an average of RMB 80 per tonne. The price of low-carbon aluminium has also been improved by RMB 26 per tonne, now standing at RMB 20,355 per tonne. High-purity aluminium (99.99%) and (99.996%) have seen no change from the previous day. Region-wise analysis: Aluminium...
Porsche has issued a profit warning, citing severe flooding at a key aluminium supplier as the primary cause for expected production delays and reduced financial performance this year. The Stuttgart-based sports car manufacturer has revised its profit margin forecast downward, predicting an operating profit margin of 14-15 per cent for the year, compared to the earlier estimate of 15-17 per cent. The flooding, a significant event that affected a European production facility crucial for supplying special aluminium alloys used across all of Porsche's vehicle series, has resulted in significant supply shortages. This disruption is expected to impair production and drag Porsche's annual sales forecast down to between €39 billion and €40 billion, from the previous estimate of €40 billion to...
Alpha HPA has reportedly started the construction for Stage 2 of the HPA First Project following the confirmation of fire safety technology. Upon completion, this project will be the world’s largest high-purity aluminium materials manufacturing facility. This project represents a development benchmark as it progresses in commercialising its proprietary solvent extraction and refining technology. The facility aims to produce ultra-pure aluminium for tech sectors such as semiconductors, lithium-ion batteries, and LED lighting. The construction of Stage 2 of HPA started under the leadership of Matthew Callanan, who was appointed as GM Manufacturing in Gladstone and Lisa Roobottom for the Stage 2 project. Alpha HPA had also expanded its team and capabilities before building Stage 2 of the...
Overnight, LME 3M aluminium opened at US$2,367 per tonne, reached a high of US$2,449.5 per tonne and a low of US$2,365 per tonne, and closed at US$2,430 per tonne, up US$64.5 per tonne, or 2.73 per cent. On Monday, August 19, both LME aluminium cash bid price and LME aluminium official settlement price soared up by US$76 per tonne or 3.31 per cent to clock at US$2,369 per tonne and US$2,369.50 per tonne. 3-month bid price and 3-month offer price surged by US$68.5 per tonne or 2.92 per cent to halt at US$2,410.50 per tonne and US$2,411 per tonne. December 25 bid price and December 25 offer price gained US$62 per tonne or 2.49 per cent to dock at US$2,550 per tonne and US$2,555 per tonne. LME aluminium opening stock came in at 885375 tonnes. Live warrants and Cancelled warrants closed at...
Hulamin, a South African company that manufactures rolled aluminium products for precision and high technology applications, has reportedly announced its H1 financial performance ended June 30, 2024, highlighting reduced earnings caused by export pricing pressure and market challenges. As per the data revealed, Hulamin’s earnings before interest taxes, depreciation and amortisation (EBITDA) decreased 19 per cent Y-o-Y to R343 million, with rolled product sales down 3 per cent Y-o-Y to 87,340 tonnes. The group’s operating profit fell 8 per cent Y-o-Y to R433 million, while earnings per share plunged by 38 per cent to 43c. Amid this subdued fiscal outcome, Hulamin reported strong aluminium demand in the local market, up by 8 per cent, helping to offset weaker export market demand. CEO Mark...
Analysts from Fastmarkets have reported a slowdown in aluminium consumption in the European automotive industry, underpinning muted economic factors. A considerable decline in automobile production due to the ill effects of the cost-of-living crisis has resulted in reduced applications of lightweight metal, according to Fastmarkets analyst James Moore. Kirstine Veitch, principal consultant at Fastmarkets, also explained: “The real issue is the low level of vehicle output in Europe. While automotive output remains depressed, the European PFA sector will remain challenging.” The effect of the decreased production of automobiles is also seen in the premiums of primary foundry alloy (PFA), which is primarily used in automotive parts. According to Fastmarkets data, premiums for aluminium...
DAIKI Aluminium, a Japanese producer of secondary aluminium alloys for various applications like high-pressure die casting, casting, and rolling, has announced its first quarter fiscal results for the financial year starting from April 1, 2024, and ending on March 31, 2025. The company has reported a slight drop in its financial performance for the Q1 period ended June 30, 2024, owing to sluggish domestic demand for aluminium, but expressed an optimistic outlook for the full year's sales and profits. For Q1, DAIKI Aluminium posted a net income of 524 million yen, down by 57 per cent from Q1 FY2024, amid flat revenue at 62.6 billion yen. Profit margin stood at 0.8 per cent in the June quarter, down from 2 per cent during the corresponding period of the previous year. DAIKI Aluminium also...
Komatsu has delivered its 300 th autonomous haulage system (AHS) truck to the global mining giant, Rio Tinto's Pilbara operations in Western Australia, marking an important milestone for mining automation. This achievement marks the continuation of a long-standing partnership between the two industry giants, which began with a memorandum of understanding (MoU) in 2011 to deploy 150 AHS trucks. Thirteen years later, the collaboration remains robust, with both Rio Tinto and Komatsu committed to accelerating the adoption of automation in mining operations. This latest addition to Rio Tinto's fleet underscores the company's ongoing efforts to enhance efficiency and safety through advanced technology. Garry Povah, Komatsu Australia's General Manager of Mining Automation, said, “We’ve led the...
According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot market has initiated the week with a price surge of RMB 230 per tonne to register at RMB 19,460 per tonne. On a week-on-week basis, the price has escalated by RMB470 per tonne, while that on a month-on-month calculation stands slightly lower by RMB 30 per tonne. The average prices are estimated to range between RMB 19,440 per tonne to RMB 19,480 per tonne, with the spot contract to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne. China’s domestic price of low-carbon aluminium has significantly increased by RMB 233 per tonne to stand at RMB 20,329 per tonne, marking a month-on-month hike of RMB 69 per tonne from RMB 20,260 per tonne. High purity aluminium (99.99%) price has skyrocketed by...
