Constellium’s plans to expand aluminium recycling in the European Union could be put on hold if the region fails to secure enough aluminium scrap, with exports to overseas markets contributing to a shortage of raw material for European producers. The company is reviewing aluminium recycling projects across its packaging, automotive and aerospace divisions. CEO Ingrid Joerg told Reuters that the projects could be larger or smaller than the EUR 130 million (USD 148.82 million) recycling expansion at Constellium’s Neuf-Brisach plant in France. “We have several recycling projects in the pipeline that we are investigating. But if there’s no scrap, they’re not going to happen,” Joerg said. EU aluminium scrap policy under scrutiny The availability of aluminium scrap has become a key concern for...
Metlen Energy & Metals PLC is investing EUR 25 million in its recycled aluminium production facility EP.AL.ME. in Greece, targeting higher processing capacity and greater use of complex aluminium scrap streams. The investment will fund automated sorting, processing and melting equipment at EP.AL.ME., which Metlen describes as Greece’s largest independent recycled aluminium producer. The project will allow the facility to process more complex scrap, including post-consumer aluminium recovered from end-of-life products. The expansion will connect EP.AL.ME. more closely with Metlen’s Aluminium of Greece facility. EP.AL.ME. will manage the collection, sorting and pre-processing of aluminium scrap, while Aluminium of Greece will provide the production scale needed to incorporate recycled metal...
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The previous trading day, LME aluminium opened at US$2,519.5 per tonne, reached a high of US$2,523.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,507.5 per tonne, down US$15.5 per tonne, a decrease of 0.61 per cent. On Monday, June 17, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$45.5 per tonne or 1.84 per cent and 1.82 per cent to clock at US$2,419.50 per tonne and US$2,420 .50 per tonne. As per the LME aluminium price graph, both 3-month bid price and 3-month offer price slumped by US$44 per tonne or 1.73 per cent and US$43 per tonne or 1.69 per cent to peg at US$2,485 per tonne and US$2,487 per tonne. December 25 bid price and December 25 offer price contracted by US$37 per tonne or 1.39 per cent to dock at US$2,618 per...
According to a report on June 18, some global aluminium producers sought a premium of $185-190 per tonne from Japanese buyers for July-September primary aluminium shipments. The news came after three people directly involved in quarterly pricing talks said. Compared to the second quarter’s premium of $145-148 per tonne, the Q3 premium being offered is 25 to 31 per cent higher. The latest Q3 premium is even higher than the premium quoted last month by a global producer. According to a report on May 29, J apanese buyers were offered a premium of $175 per tonne , up 18 to 20 per cent from the Q2 premium. During the previous offer, Japanese buyers had already expressed that the premium was too high considering the sluggish domestic demand for aluminium, especially from the industrial and...
Qindao city in China’s eastern Shandong province has unwrapped its “Action Plan” aimed at driving the high-quality development of the New Energy Vehicle (NEV) industry in the city. According to the plan, by 2025, the city aims to achieve several noteworthy milestones, including an annual production target of 400,000 NEVs, with about 180,000 vehicles scheduled for export and overseas automaker revenue surpassing RMB 36 billion. The plan also foresees the expansion of core supporting industries such as automotive electronics and power batteries to around RMB 40 billion, with special parts like tires and car bodies reaching approximately RMB 50 billion. Projections indicate a target penetration rate of about 45 per cent for new energy vehicle, with plans for over 40,000 public charging...
On June 4th, Chinalco Shanxi New Materials hosted a symposium to explore the primary enterprises within the aluminium-magnesium industrial chain. The symposium's main focus was on the primary initiatives undertaken by Chinalco Shanxi New Materials in chain stabilisation, chain introduction, and chain strengthening. About the event Member from the Management Committee of Yuncheng Economic and Technological Development Zone emphasised that as the "chain owner" of the aluminium and magnesium deep processing industrial chain in Yuncheng City, Shanxi Province, the company will continue to embrace this role. Many important officials, such as a professor from the North University of China, the Deputy General Manager of Chinalco Shanxi New Materials, and others, attended the event. Leveraging its...
ABB, the technology leader in electrification and automation, enabling a more sustainable and resource-efficient future, has launched a groundbreaking feature within its Routing Services portfolio designed to facilitate vessel owners to manage fuel costs more effectively throughout their voyages. This innovative feature optimises both the vessel's route and speed simultaneously, a first in the maritime industry, integrating these capabilities into the ABB Ability™ Routeguard onshore routing service. The introduction marks the first major upgrade since ABB acquired the shipping business of DTN Europe BV and DTN Philippines Inc. earlier this year. The Optimal Speed Routing feature is a game-changer, providing real-time advice to operators on adjustments to their vessel's track and speed. It...
According to the Shanghai Metals Market survey, aluminium billet inventories in China stood at 162,800 tonnes on Thursday, June 13, indicating a week-on-week decline of 3,600 tonnes. But on a year-on-year basis, the inventories rose 21,300 tonnes, standing at a high level for the same period in nearly four years. Pick up and supply The year-on-year increase in aluminium billet inventories could be attributed to reduced pick-up from warehouses by 6,700 tonnes to 45,200 tonnes, dropping to the lowest level in nearly four years. Due to weak purchase sentiment across China, there is a very little room for improvement in aluminium billet pick-up from warehouses. SMM believes aluminium billet inventories will remain steady in the near future amid weak downstream demand and potential supplies....
Ball Corporation, the global leader in innovative aluminium packaging, has unlocked another significant milestone by powering its Brazilian operations with 100 per cent renewable energy, six years ahead of its global deadline. About the accomplishment This was accomplished by purchasing renewable electrical energy, supported by I-REC certificates, ensuring 100 per cent of Brazil's electrical energy consumption is from renewable sources. With this achievement, Brazil joined Paraguay and Chile as the third country in South America to reach this goal. Ball Corporation's global targets include reaching 75 per cent renewable energy usage by 2025 and achieving 100 per cent by 2030. This significant accomplishment not only highlights the leadership and dedication to implementing sustainable...
According to the International Aluminium Institute survey, primary aluminium production in Western & Central Europe and Russia & Eastern Europe fell month-on-month in April 2024 but recorded a year-on-year rise. Closer view of Western & Central Europe’s output The IAI data revealed that primary aluminium output in Western & Central Europe was 226,000 tonnes, down by 6,000 tonnes or 2.6 per cent from 232,000 tonnes in March 2024 and up by 2,000 tonnes from 224,000 tonnes in April 2023. The above data indicates an overall downtrend in Western and Central Europe’s primary aluminium production, given that primary aluminium output in April 2024 recorded marginal annual growth and decreased significantly month-on-month. Encouragingly, the primary aluminium production downtrend in Western &...
RUSAL, one of the world's largest aluminium producers, gathered over 250 leaders from Turkey's aluminium industry at the Company's annual Istanbul seminar to discuss the latest market trends, introduce new products and client services, and explore cooperation opportunities to further decarbonise the sector. An unprecedented level of interest and a record number of participants underscored the strategic importance of the partnership between RUSAL and its clients in Turkey. The seminar aims to consolidate all relevant industry information, including global market trends, insights into the Turkish and European markets, pricing strategies, and more. This year's hot topic was decarbonisation and how RUSAL can help clients reduce their carbon footprint. Turkey aims to reduce the carbon...
China's aluminium production reached an all-time high last month as smelters resumed operations, potentially setting the stage for further price declines following a two-year peak in May. Improved hydropower reserves in Yunnan Heavy rains have replenished hydropower reserves in Yunnan, enabling smelters to restart after droughts previously reduced their electricity supply. Insights from Bloomberg Intelligence (BI), a trusted source in the financial industry, indicate that an additional 330,000 tonnes of capacity is expected to resume in Yunnan this month. Furthermore, BI forecasts a decrease in aluminium prices in June, attributing it to softened demand following the recent price surge. According to the statistics bureau on Monday, aluminium production surged by 7.2 per cent Y-o-Y,...
Important update regarding Indian Standard applicable to all existing Licence holders/ New applicants/ manufacturers/ importers/ product sellers for the Aluminium and Aluminium Alloy Products (EC Grade Aluminium Rod produced by Continuous Casting and Rolling) (Quality Control) Amendment Order, 2024. The Ministry of Commerce and Industry has issued an amendment to the quality control order titled the "Aluminium and Aluminium Alloy Products (Quality Control) Amendment Order, 2024." This amendment order will be effective from September 26, 2024. Previously, under the 'Aluminium and Aluminium Alloy Products' (Quality Control) Order, 2023, certain exemptions were provided for small and micro enterprises as defined by the Micro, Small and Medium Enterprises Development Act, 2006. These...
China’s domestic aluminium market has been facing a considerable fluctuation, resulting in a continuous decline in aluminium prices. According to the Shanghai Metal Market (SMM), A00 aluminium ingot price has registered a fall of RMB 180 per tonne over the weekend to stand at RMB 20,380 per tonne. This depicts a slowing US economy, evidenced by weaker-than-expected manufacturing and construction spending data. The average price range of aluminum ingot is likely to be between RMB 20,360-20,400 per tonne, with a spot contract to be offered at a premium price range of RMB 0-40 per tonne. The aluminium ingot price in Hang Zhou and Chong Qing region has decreased a maximum of RMB 200 per tonne, averaging at 20,380 and 20,300 per tonne, respectively. Aluminum ingot price in Gong Yi, Wu Xi, Shen...
In a strategic move to meet burgeoning industrial demand, the Southern African nation, the Zimbabwean government, has unveiled plans to amplify lightweight metal production through aluminium beneficiation. Recognising aluminium's pivotal role across diverse sectors—from automobiles to packaging and household equipment to aerospace technology and electrical and electronics—the government aims to position Zimbabwe in the global market. This initiative promises to invigorate the national economy and advance the nation's industrial capabilities, particularly as aluminium continues to supplant copper in electrical applications. During his visit to Tajikistan, Dr Constantino Chiwenga, the Vice President of Zimbabwe, announced a new initiative following his tour of the Tajik Aluminium Company...
The previous trading day, LME aluminium opened at US$2,539 per tonne, reached a high of US$2,552.5 per tonne and a low of US$2,502 per tonne, and closed at US$2,523 per tonne, down US$21.5 per tonne, a decrease of 0.84 per cent. On Friday, June 14, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$31 per tonne or 1.24 per cent and US$32.5 per tonne or 1.30 per cent to clock at US$2,465 per tonne and US$2,465.50 per tonne. As per the LME data, 3-month bid price and 3-month offer price dipped by US$28 per tonne or 1.09 per cent and US$27.5 per tonne or 1.07 per cent to peg at US$2,529 per tonne and US$2,530 per tonne. December 25 bid price and December 25 offer price slumped by US$25 per tonne or 0.93 per cent to dock at US$2,655 per tonne and...
Capral, Australia’s largest extruder and distributor of industry-leading aluminium products, has reportedly announced the purchase of Apple Aluminium, a Brisbane-based aluminium extrusion, sheet, and plate supplier. Capral said in a statement that although the acquisition is relatively small, it perfectly aligns with the strategy to grow via targeted acquisitions and strategic investments. In FY2022-23, Apple Aluminium’s turnover was about $12 million, while Capral’s revenue was $657 million. Through this acquisition, Capral essentially aims to leverage Apple’s established market position, skilled workforce, and strong customer relations to better its offerings. The acquisition is scheduled for completion in late July, subject to completion conditions. Tony Dragicevich, managing director...
Aluminium has increasingly become pivotal across diverse industries due to its versatility, lightweight properties, and sustainability. From cans to bicycle frames, aluminium's adaptability and capacity to enhance product performance underscore its critical role across various end-use sectors. Other key attributes like corrosion resistance, high strength-to-weight ratio, and recyclability make it indispensable in modern manufacturing, promoting energy efficiency and environmental sustainability. This week, the end-user sector of the aluminium industry has witnessed a lot of significant events – Pedalling towards net zero with world’s first bicycle rim featuring Hydro CIRCAL 100R In 2023, a collaboration between Hydro, the Norwegian company specializing in aluminium and renewable energy,...
American Beverage announced a generous $25,000 grant to Atlanta-based nonprofit Live Thrive in an effort to enhance recycling capabilities . This is not just a grant, it's a game-changer. This funding is earmarked for new equipment at Live Thrive's Center for Hard to Recycle Materials (CHaRM) in DeKalb County, Georgia, a crucial step in our mission to improve recycling in our community. The grant will be used to purchase a new baler, a crucial piece of equipment that will significantly expand CHaRM's recycling capacity. This centre is a vital drop-off facility for residents needing access to curbside recycling services. CHaRM accepts many items, from bulky materials like mattresses and bicycles to everyday recyclables such as beverage bottles and used cans, which can be processed and...
The Indian multinational mining and metal company Vedanta Group has unveiled a strategic roadmap to achieve a $10 billion EBITDA, underpinned by the execution of over 50 projects spanning multiple business verticals, as reported by ET Now Digital. This bold plan was disclosed during site visits attended by more than 45 investors, fund managers, and analysts. According to two insiders at these site visits, Vedanta Group anticipates these new projects will generate an impressive $5 billion in free cash flows. This ambitious initiative underscores the group's commitment to significant growth and expansion across its diverse portfolio. Vedanta Group has invested more than $8 billion in various expansion initiatives. According to the Indian news platform, Vedanta plans to open the world’s...
