Auckland-founded Real Fencing has launched a new national website showcasing its aluminium and timber fencing, installation, repair and gate services across New Zealand. The company operates through local teams in Auckland, Wellington, Christchurch, Hamilton, Tauranga, Dunedin and other service areas. The new platform brings together dedicated regional pages for homeowners looking to install a new fence, replace an existing boundary or arrange repairs. Customers can also request a free written fencing quote in about a minute, with Real Fencing aiming to respond within four hours. To know the aluminium casting demand forecast in the construction sector, explore our report “ Global Aluminium Casting Market 2026-2032: Plant Economics, Alloy Segmentation, Pricing Intelligence, Supply Chain...
LME aluminium prices softened on September 22, with the cash and three-month contracts declining from the previous trading session, while LME aluminium opening stocks also edged lower on September 23. On September 22, the LME aluminium cash bid price stood at USD 3,240 per tonne, down 0.66 per cent from USD 3,261.5 per tonne on September 21. The cash offer price was USD 3,242 per tonne , down 0.63 per cent from USD 3,262.5 per tonne. The LME aluminium 3-month bid price stood at USD 3,263.5 per tonne on September 22, compared with USD 3,272.5 per tonne on September 21, representing a decline of 0.28 per cent. The 3-month offer price fell 0.27 per cent to USD 3,264 per tonne from USD 3,273 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our...
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Critical minerals, essential for both economic development and national security, are increasingly at the forefront of policy discussions. These vital resources, whose availability is often concentrated in a few geographical regions, pose significant supply chain risks. The disruption of supplies can have profound implications, from hindering technological advancement to compromising national security. Unlike other commodities, critical minerals lack a universal definition. Each country designates its list of critical minerals based on specific national needs and strategic priorities. This individualised approach underscores the diverse economic and security concerns that drive the global demand for these indispensable resources. Africa possesses 30 per cent of the world's critical...
Hindalco Industries Limited reduced its aluminium prices for two days this week by INR 8,000 per tonne in response to the current downtrend of the LME aluminium benchmark price. During June 3-5, the global aluminium price on the London Metal Exchange contracted by US$48 per tonne or 1.83 per cent from US$2,625 per tonne to US$2,577 per tonne. On June 5, the LME aluminium price shed off US$26 per tonne overnight that led Hindalco to cut its aluminium ingot selling price by INR 3,250 per tonne or 1.27 per cent to INR 252,500 per tonne on June 6. On the same day, Hindalco also reduced its aluminium wire rod price and aluminium billets price by INR 3,250 per tonne to INR 269,500 per tonne and INR 266,600 per tonne. Earlier, on June 4, Hindalco’s aluminium ingot price experienced a slash of...
On May 23, the National Power Investment Corporation hosted the "World Class" Aluminum Industry Construction Symposium in Xilin Gol League, Inner Mongolia Autonomous Region. The event was attended by officials from the State Power Investment Corporation (SPIC). Other important delegates, such as the director of safety and head of the Ministry of Basic Industry, the Chairman, and the Party Secretary of the Inner Mongolia Company, attended the meeting. Special importance was given to establishing a "world-class" aluminium industry. They also highlighted the importance of seizing opportunities to transform and upgrade traditional industries. Officials also called for a comprehensive promotion of the efficient use of aluminium resources, optimising and enhancing the aluminium industry...
In a significant development for the global mining industry, Rusal is currently negotiating with the government of Sierra Leone over a potential bauxite mining concession. The discussions, as reported by the RIA state news agency on June 5, 2024, were confirmed by Sierra Leone's mining minister. This move could bolster Sierra Leone's mining sector and strengthen Rusal's position as a potential player in the global bauxite market. Industry analysts eagerly anticipate the outcome of these talks, given the potential economic and strategic implications for both parties involved. Minister of Mines and Mineral Resources, Sierra Leone, Julius Mattai, at the St Petersburg International Economic Forum, said, “We had several meetings during which they (Rusal) showed a lot of interest in opening a...
On Thursday, June 6, China’s A00 aluminium ingot price gained RMB 120 per tonne to settle at RMB 21,190 per tonne. The average prices were between RMB 21,170 per tonne and RMB 21,210 per tonne. According to the data, the spot contract prices may be between RMB 90 per tonne and RMB 50 per tonne. Region-wise A00 aluminium ingot price change On the same day, the prices in Linyi and Hangzhou have grown by RMB 130 per tonne to clock at RMB 21,200 per tonne and RMB 21,230 per tonne. In Shenyang and Tianjin, the domestic aluminium ingot prices have hiked by RMB 120 per tonne to peg at RMB 21,120 per tonne and RMB 21,210 per tonne. As per the SMM data, the prices in Gongyi and Chongqing have ascended by RMB 110 per tonne to arrive at RMB 21,120 per tonne and RMB 21,140 per tonne. In Foshan and...
On Wednesday, June 5, LME aluminium opened at US$2,663 per tonne, with a high of US$2,663 per tonne, a low of US$2,615 per tonne, and closed at US$2,635 per tonne, down US$27 per tonne or 1.01 per cent. LME aluminium cash bid price and LME aluminium official settlement price continued to fall by US$27.50 per tonne and US$26 per tonne, marking the third consecutive day of decline that brought the prices at US$ 2,575 per tonne and US$2,577 per tonne, respectively. On the same day, 3-month bid price and 3-month offer price declined by US$19 per tonne or 0.72 per cent to reach US$2,623 per tonne and US$2,624 per tonne. December-25 bid price and December-25 offer price shed off US$10 per tonne to settle at US$2,728 per tonne and US$2,733 per tonne. On June 5, LME aluminium opening stock stood...
GO2 Partners, a leading supplier of products and services for metals and heavy industrial manufacturers, was recently awarded a new patent by the United States Patent and Trademark Office. The patent reflects the innovation that the experts at GO2 Partners bring to asset and materials tracking throughout the demanding metals production cycle. The patent covers a new flag tag with a passive RFID inlay and adhesive. The specialised, high-temp materials and design of the label allow for application on metal coils and plates up to 700˚ F (371˚ C). These materials act as insulators, protecting the RFID inlay. Once the label is applied and the metal cools, the coils and plates can be tracked using a standard RFID receiver. The label can incorporate a variety of adhesives, depending on the...
Hydro, the Norwegian aluminium and renewable energy company, is set to invest EUR 14.8 million in upgrading the recycling facilities at its extrusion plant located in Atessa, Italy. This substantial investment aims to facilitate the production of Hydro CIRCAL recycled aluminium. About the project The upgrade project in Atessa will significantly enhance the plant's recycling capacity, increasing it from 30,000 to 40,000 tonnes annually. Notably, 20,000 tonnes of this capacity will be dedicated to producing low-carbon aluminium derived from 75 per cent recycled post-consumer scrap. The allocated funds will primarily go towards acquiring state-of-the-art recycling equipment. This includes a de-lacquering line, an additional furnace, and various facility upgrades. This strategic investment...
Ghana, with its vast bauxite reserves, is on the brink of a transformative journey. The Ghana Integrated Aluminium Development Corporation (GIADEC) has been established to create an Integrated Aluminium Industry (IAI), ready to harness the anticipated growth in the global aluminium sector. GIADEC, in a strong alliance with strategic partners, is committed to developing every aspect of the IAI value chain. This bold initiative requires robust infrastructure to meet increasing demand and seize emerging opportunities. A modern and efficient transportation network, including railways and ports, is crucial for the aluminium industry's global competitiveness. The Transport Working Group has been formed to align infrastructure development with GIADEC's strategic plans. This group includes...
On the occasion of World Environment Day, International Aluminium Institute revealed its latest factsheet on 2022 greenhouse gas emissions, indicating a decline in emissions amid aluminium production growth. 2022 data shows the greenhouse gas emissions from aluminium industry decreased significantly over a year from 1.13 giga-tonnes CO2e to 1.11 giga-tonnes CO2e. The GHG emissions intensity also declined from 15.8 tonnes CO2e per tonne to 15.1 tonnes CO2e per tonne. However, the production of aluminium (both primary and recycled) grew in the said year by 3.9 per cent from 104.1 million tonnes to 108.2 million tonnes. Aluminium is also popularly known as ‘Green Metal’ because it enables other industrial sectors, such as automotive, transport, building and construction, and food and drink...
The latest World Economic Forum Net-Zero Industry Tracker highlights the significant impact of the aluminium, steel, cement, and concrete sectors on global greenhouse gas emissions, collectively contributing to around 15 per cent of industrial emissions. These industries, vital for the green transition, face a daunting task in aligning with the 1.5°C climate goals, primarily as global population growth, urbanisation, and economic expansion drive increased demand. Balancing this growth with the imperative to reduce carbon intensity presents a considerable challenge for these sectors. As per the World Economic Forum report, members of the First Movers Coalition (FMC), a global coalition of companies creating the largest private sector demand for green industrial products, exemplify this...
ABx Group has made a significant breakthrough with its 83 percent-owned subsidiary, ALCORE. Recent independent analyses of samples from the latest runs of ALCORE's bath pilot batch reactor have confirmed the highest fluorine recoveries to date. The reactor, which is part of the ALCORE Technology Centre on the NSW Central Coast, is designed to extract fluorine from an 'excess bath,' a byproduct of aluminium smelting, to produce hydrogen fluoride . This advancement marks a notable achievement in recovering and repurposing industrial waste, underscoring ABx Group's commitment to innovative and sustainable technologies. Since commissioning the bath pilot batch reactor in October 2023, ALCORE has conducted numerous test runs, each involving around 10kg of bath and sulfuric acid. These tests...
In a startling revelation, Mighty Earth's latest report, "The Impact of the Bauxite Boom on People and the Planet," uncovers the profound environmental and social ramifications of bauxite mining, a critical component in producing aluminium for electric vehicles (EVs). The comprehensive study scrutinises the operations in four major bauxite-producing countries: Indonesia, Brazil, Guinea, and Australia. The findings highlight a stark contrast between EVs' green promise and the harsh realities of their supply chains. The first global analysis of the bauxite boom across four continents examines the negative impacts of bauxite mining—the primary ore used to produce aluminium for electric vehicles. The report details the resulting environmental degradation and health issues local and Indigenous...
On June 5, 2024, Novelis announced that it deferred the initial public offering due to market conditions for an indefinite time. It said the company would evaluate the situation and decide on a suitable time for rolling out the offering. According to a report last week, Novelis was targeting to achieve a market valuation of up to $12.6 billion in its US IPO under the symbol “NVL”. This IPO aims is to raise $945 million by selling 45 million shares for $18-21 each . The proposed IPO was an offer for sale by the existing promoter Hindalco Industries. After the completion of the IPO, Hindalco will reduce its stake in Novelis by 7.5 per cent and retain almost 92.5 per cent of the ownership, owning 555 million shares of Novelis’ common shares. When Hindalco bought Novelis in 2007, the latter’s...
Nespresso Brasil has partnered with WTNB, the innovative brand led by Japanese-Brazilian designer Ana Clara Watanabe, to create eco-conscious art inspired by Tarsila do Amaral, using recycled coffee waste. This collaboration focuses on repurposing coffee waste to produce buttons for the designer's latest collection. The collection, aptly named "Tarsila do Amaral," is a tribute to the iconic works of celebrated artists such as EFCB (Estrada de Ferro Central do Brasil), São Paulo, and São Paulo Gazo. These works will commemorate their centennial in 2024, adding a layer of historical significance to the collection. Crafted from recycled materials, the new pieces embody the concept of fashion as art, reflecting Ana Clara Watanabe's life philosophy and her commitment to sustainability. "As...
The global mining giant Rio Tinto will invest A$8 million over five years in collaboration with Western Australia’s Department of Biodiversity, Conservation and Attractions (DBCA) to launch a new project aimed at enhancing conservation land management and supporting Traditional Owner ranger programs in Karijini and Millstream Chichester National Parks. The Pilbara Conservation Project aims to protect areas of high conservation value while incorporating the Traditional Owners' knowledge into land management practices. This project will address weed management, feral animal control, and bushfire management at Karijini, Millstream Chichester, and other significant conservation sites in the Pilbara by implementing the Pilbara Conservation Strategy. Moreover, the project is a beacon of hope,...
Metal Exchange (MX), a global leader in the purchasing, processing, and supply chain of aluminum materials and value-added products, is pleased to announce that Boris Santosi is joining the organization as Managing Director of Metal Exchange International (MEI). From the company’s Zürich office, Santosi will report to his predecessor Kevin Schmidt, Vice President of International and Business Development, and will be responsible for the organization’s European operations. This includes enhancing MEI’s presence in Europe, driving growth, and spearheading strategic initiatives. “I am excited to be a part of Metal Exchange team, and MEI specifically as it is a highly reputable and dynamic metals company that is well-positioned for growth in a fast-changing European aluminium market” Santosi...
The German aluminium industry is navigating turbulent waters as it grapples with significant production declines across nearly all subsectors in the first quarter of 2024. This downturn exacerbates the pressure from increasing imports, posing additional challenges for domestic manufacturers, as Aluminium Deutschland released in a press release. Aluminium Deutschland is the association of the aluminium-producing and processing industry in Germany. The President of Aluminium Deutschland, Rob van Gils, emphasised, "High energy costs and the overall tense economic situation in Germany continue to hit manufacturers hard. Demand from important customer industries - especially from the construction industry - remains at a low level. Added to this are the weak registration figures for electric...
