VBX is reshaping the development strategy for its Wuudagu bauxite project, in Western Australia raising AUD 7 million (USD 5 million) to advance its definitive feasibility study (DFS) while ending an indicative prepayment and offtake deal with thyssenkrupp Materials Trading Asia (TKMTA). The Wuudagu bauxite DFS is now expected to be completed in the first quarter of 2027, later than the previously targeted second half of 2026. VBX said the additional time and funding will allow it to incorporate cost and schedule improvements identified by preferred contractors and potential project partners. The funding package comprises AUD 4.5 million (USD 3.2 million) in firm commitments from new and existing strategic and institutional investors at AUD 0.64 (USD 0.46) per share, along with the...
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...
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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...
The previous trading day, LME aluminium opened at US$2,662 per tonne, reached a high of US$2,686.5 per tonne and a low of US$2,635 per tonne, and closed at US$2,662 per tonne, down US$2 per tonne, a decrease of 0.08 per cent. On Tuesday, June 4, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$20.5 per tonne or 0.78 per cent and US$22 per tonne or 0.83 per cent to stand at US$2,602.50 per tonne and US$2,603 per tonne. As per the LME data , both 3-month bid price and 3-month offer price slumped by US$26 per tonne or 0.97 per cent and US$27 per tonne or 1.01 per cent to clock at US$2,642 per tonne and US$2,643 per tonne. December 25 bid price and December 25 offer price contracted by US$25 per tonne or 0.90 per cent to stand at US$2,738 per tonne...
According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price again decreased by RMB 120 per tonne on Tuesday, June 5, following an intermittent increase of RMB 100 per tonne on the previous day after two consecutive days of downfall. With the latest fall, the domestic A00 aluminium ingot price is at the same level as the prior week, reaching RMB 21,070 per tonne. The average prices are expected to range between RMB 21,050 per tonne and RMB 21,090 per tonne, with spot contract to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. A00 aluminium ingot price in Shenyang has plunged by RMB 150 per tonne to stand at RMB 21,000 per tonne, followed by the downfall of RMB 120 per tonne in Hangzhou to RMB 21,070 per tonne and RMB 110 per tonne in Gongyi,...
Aluminium Stewardship Initiative has reportedly certified JW Aluminum against Performance Standard V3 (2022) Certification for manufacturing aluminium coils at its two US facilities in Goose Creek, South Carolina, and Russellville, Arkansas. The certification also includes central functions at its Charleston, South Carolina corporate office. JW Aluminum produces automotive component parts, flat-rolled aluminium products for use in building and construction sector, and fin stock aluminium. JW Aluminum operates with a goal of zero injuries. It puts safety at the first priority, leveraging tools like Job Safety Analyses (JSAs), Standard Work and Control Plans. JW Aluminum has received ASI certification after undergoing an independent, third-party audit by DNV Business Assurance Services UK...
The United States alumina imports in the first quarter of 2024 ended March 31, edged down 12.69 per cent annually and saw a more intense decline of 21.45 per cent on a quarter-on-quarter basis. The downfall in alumina imports indicates reduced demand for primary aluminium production in the United States. What once used to be one of the world's largest producers of primary aluminium, accounting for 15 per cent of the global production, now accounts for only 1 per cent. According to the US Geological Survey, the United States imported 282,000 tonnes of alumina during the first quarter of 2024, in comparison with 323,000 tonnes in Q1 2023 and 359,000 tonnes in Q4 2023. However, the downfall occurred in Q1 2024 after uninterrupted hikes in each quarter last year. In Q2 2023, the United States...
Rio Tinto, the world's second-largest metals and mining corporation, commemorates the 70th anniversary of its BC Works operation, honouring seven decades of notable contributions to the aluminium industry and the Kitimat community. As the sole aluminium smelter operator in British Columbia, Rio Tinto has solidified its position as a pivotal player in the local economy while championing responsible and top-tier aluminium production. Celebrating 70 glorious years In honour of its 70th anniversary, Rio Tinto hosted a grand celebration on June 1st at the Kitimat smelter site, drawing over 1,800 attendees, including four generations of employees and retirees. The event was vibrant, featuring bus tours of the smelter operations, live music, kiosks, displays, inflatable games, and a photo booth....
Hydro Rein is reportedly partnering with Pajala Almänning to develop a large-scale wind power project in response to the increasing demand for renewable power in northern Sweden. Hydro Rein and Pajala Almänning have signed a land lease agreement to develop wind power over 7,000 hectares in price area SE1. The project will be developed at Karhuvaara, a site located in the southern part of the Pajala municipality, known for its favourable wind conditions. The project will reportedly include 50 wind turbines. Rolf Hjärtberg, Chair of the Pajala Allmänning board, said: "The interest in this area from wind power developers has been substantial. We chose to sign with Hydro Rein because they presented concrete and realistic plans for the project." In Sweden, Hydro Rein is developing over 30 wind...
An innovative robotic arm optimises operations and increases recycling at Veolia's Southwark Integrated Waste Management Facility (IWMF). As part of Veolia Southwark IWMF's aluminium recycling process, the robot removes paper , card, mixed plastics, and beverage cartons, which often contain some aluminium layers, for effective recycling. Using AI and innovation to accelerate ecological transformation, Veolia will use this data in its new strategy, GreenUP, to make informed decisions that maximise the facility's efficiency and monitor seasonal waste composition changes. The robotic solution comprises a camera, a 6-axis robotic arm , a pneumatics system, and a compute box. Using compressed air and a silicon gripper, the robot picks the item, twists it to face the correct sorting bin...
Haro is making a comeback in the mountain bike world yet again, with the introduction of two new aluminium full-suspension models to complement their successful Saguaro hardtail. These new bikes feature a simple yet highly effective Horst link suspension layout, designed to deliver uncompromising performance without the need for overly complex linkages or idler pulleys. Anticipated to hit the market later this summer, these models will broaden Haro's offerings, catering to riders seeking capable full-suspension options. What's more, Haro is also teasing the development of carbon versions that are slated for future release. Adding to the excitement, Haro has recently enlisted the exceptional talents of Evan Wall, a standout from Pinkbike Academy, who will be demonstrating the exceptional...
Ball Corporation, the world’s leading provider of sustainable aluminium packaging for beverage, personal care, and household products, has reportedly declared the appointment of Aaron Erter, CEO of James Hardie Industries plc, as a director of the corporation. Erter will join Ball Corporation with his wealth of experience and knowledge. He holds a bachelor’s degree in economics from The Wharton School at The University of Pennsylvania and a master’s in business administration from the University of Notre Dame - Mendoza College of Business. Erter joined James Hardie, the world’s leading producer and marketer of high-performance fibre cement siding and fibre gypsum building solutions, as CEO in 2022. Prior to that, he served PLZ Corp, a leader of specialty liquid and aerosol manufacturing,...
Norsk Hydro, a Norwegian aluminium and renewable energy company, emphasises the importance of transparency regarding the environmental impact of the materials and products it offers to its customers and partners. To support this commitment, Hydro has released environmental data for 22 manufacturing sites across the U.S. and Canada. About the gathered data Over the past year, Hydro's Extrusion North America business unit worked closely with Ecoinnovazione, a life cycle assessment (LCA) expert, to conduct LCA studies for each of its manufacturing sites. The gathered data was compiled into individual Environmental Product Declarations (EPDs), which then underwent stringent third-party verification by UL Solutions to ensure accuracy and reliability. Hydro's dedication to transparency is not...
On Monday, June 3, LME aluminum opened at $2,662.5 per tonne, hitting a high of US$2,691 per tonne, a low of US$2,637.50 per tonne, and closed at US$2,664 per tonne, up US$9 per tonne or 0.34 per cent. LME aluminium cash bid price and LME aluminium official settlement price initiated the week on Monday, June 3, with a slump of US$53 per tonne and US$52 per tonne, respectively, to stand at US$2,623 per tonne and US$2,625 per tonne. With the latest fall, the LME aluminium benchmark price stood 1 per cent lower than the previous week but remained 4.29 per cent higher than a month ago. On the same day, 3-month bid price and 3-month offer price plunged by US$43.50 per tonne and US$42.50 per tonne to stand at US$2,668 per tonne and US$2,670 per tonne. December-25 bid price and December-25 offer...
In a groundbreaking achievement, researchers from the Indian Institute of Technology, Madras (IIT-M) have unveiled a pioneering method to break down common minerals into nanoparticles using water microdroplets. This remarkable discovery marks a significant milestone, as it is the first research paper from IIT-M to be published in the esteemed ‘Science’ journal. The study demonstrates that the seemingly simple action of water microdroplets can effectively break minerals, leading to the creation of nanoparticles. This innovation opens new avenues in the field of nanotechnology and materials science, highlighting the potential for sustainable and cost-effective production techniques. The publication of this research in ‘Science’ underscores the global relevance and impact of the findings and...
On Tuesday, June 4, China’s A00 aluminium ingot price gained RMB 100 per tonne to settle at RMB 21,190 per tonne. The domestic aluminium ingot price witnessed a growth of RMB 160 per tonne W-o-W from RMB 12,030 per tonne recorded on May 28. As per the SMM data, a Y-o-Y surge of RMB 2,780 was witnessed from RMB 18,410 per tonne recorded on RMB 18,410 per tonne. Region-wise price change Region-wise, the A00 aluminium ingot prices have shown a consistent growth trend across all provinces. In regions like Gongyi, Foshan and Tianjin, the prices have uniformly hiked by RMB 120 per tonne, settling at RMB 21,120 per tonne, RMB 21,090 per tonne and RMB 21,200 per tonne respectively. Similarly, in regions like Wuxi and Chongqing, the prices have moved up by RMB 110 per tonne, standing at RMB 21,200...
China's prebaked anode exports in April 2024 amounted to 166,800 tonnes, indicating a month-on-month downfall of 13.45 per cent and a year-on-year dip of 1.07 per cent, showed China customs data. The estimated export unit price of the material was approximately $673.5 per tonne, which was up by 0.31 per cent M-o-M but down by 31.92 per cent Y-o-Y. The cumulative export volume from January to May was 647,300 tonnes, which was significantly up by 48.25 per cent Y-o-Y, suggesting an overall positive trend in the industry's performance. Prebaked anode exports in April 2024 were primarily from three Chinese provinces - Shandong, Jiangsu, and Guangdong. Among them, Shandong exported the highest volume of prebaked anodes, reaching 139,800 tonnes, accounting for 84 per cent of the total exports....
Amcor Capsules, the leader in designing and manufacturing eco-friendly capsules and closures for wines and spirits, is set to launch ESSENTIELLE in October 2024. This innovative, plastic-free foil, made of aluminium and paper, is part of a collaboration with the prestigious Moët & Chandon, owned by LVMH. As Moët & Chandon pursues sustainable packaging, the ESSENTIELLE foil promises to completely change the industry with its lower carbon footprint and high recyclability. Amcor Capsules' ESSENTIELLE foil represents a groundbreaking shift in the packaging industry. Crafted from paper sourced in Europe and approximately 60% aluminium, this foil significantly reduces its environmental impact. Compared to conventional plastic-based foils, ESSENTIELLE boasts a 31% lower carbon footprint....
