The global aluminium extrusion landscape is undergoing a structural transition driven by industrial decarbonisation, global electrification, and the rapid deployment of clean energy infrastructure. Historically anchored by civil engineering and residential real estate, demand for extruded aluminium profiles in China, the world’s dominant manufacturing hub, is decoupling from traditional property sectors. Persistent structural weakness in China’s domestic construction market has slowed the consumption of conventional architectural profiles such as window frames, door sections, and curtain walls. Conversely, advanced industrial applications, specifically solar photovoltaic (PV) racking, battery energy storage systems (BESS), power grid modernisation, and electric vehicles (EVs), have...
Neuman Aluminium has upgraded a melting furnace at its Marktl headquarters in Austria, improving its ability to process low-density aluminium scrap for the production of aluminium slugs used in packaging and technical applications. The furnace retrofit comes as customers increasingly seek products with higher levels of post-consumer recycled (PCR) aluminium. By adapting its existing melting and recycling setup, Neuman aims to handle a wider range of challenging scrap streams while maintaining the quality requirements of impact-extruded aluminium products. Furnace retrofit strengthens aluminium recycling The project involved the refurbishment of an existing melting furnace and the installation of a Typhoon™ chip submersion system from Zmag. Neuman also renewed the furnace door system,...
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According to the Shanghai Metals Market survey, China's A00 aluminium ingot price has surged by RMB 640 per tonne to clock at RMB 21,710 per tonne. The spot contract price is expected to be traded at a discount price of RMB 170 to RMB 130 per tonne, whereas the average prices may range between RMB 21,690 per tonne and RMB 21,730 per tonne. As per the SMM data, the A00 aluminium ingot price has skyrocketed by RMB 3,360 per tonne or 18.31 per cent Y-o-Y from RMB 18,350 per tonne recorded on May 30, 2023. On a W-o-W calculation, the price hiked by RMB 960 per tonne or 4.62 per cent from RMB 20,650 per tonne. Reason for the growth in prices One of the main reasons for the price surge can be attributed to the gas shortage-led force majeure declared by Rio Tinto on alumina shipments from its...
Hammerer Aluminium Industries (HAI), a leading supplier of high-quality aluminium products, has set its sights on becoming the industry's most dynamic and sustainable provider. The company is committing to sustainable corporate management, emphasising aluminium recycling, green sourcing, green energy, and environmentally friendly processes. This strategic move underscores HAI's dedication to environmental responsibility and innovation in the aluminium sector. HAI is dedicated to achieving climate neutrality by 2050, aligning with the Science-Based Targets initiative. This commitment involves reducing emissions by the latest scientific research, aiming to limit global warming to a maximum of 1.5°C. By setting these specific, science-based emissions targets, HAI continues to lead the...
In a landmark advancement to secure vital resources and promote sustainable development, the European Commission announced its 13th trade partnership with Australia. This agreement, signed on May 28, aims to bolster the EU’s access to critical raw materials while fostering growth in Australia’s mineral sector. Key figures, including EU Commissioners Valdis Dombrovskis and Thierry Breton, alongside Australian Trade Minister Don Farrell, heralded the agreement as mutually beneficial, emphasising its importance for the European Green Deal and the decarbonisation of transport. The newly forged partnership promotes the EU's strategy to diversify its supply of essential minerals by integrating value chains and promoting sustainable production practices. Australia, a leading producer of...
Headquartered in the US, Belvac, a pioneer in providing the global aluminium beverage can industry with sustainable solutions, has unveiled a game-changing solution for beverage brands. The 'Belvac Carrier Ring Bottle' is not just a new product but a gateway to a more sustainable future. It enables brands to seamlessly shift from filling PET to aluminium D&I bottles, reducing transition costs, surpassing corporate sustainability objectives, and fostering greater brand loyalty among consumers. This breakthrough is a testament to Belvac's unwavering dedication to sustainability and innovation. It's a response to the evolving needs of consumers and the environment, and a commitment to delivering eco-conscious solutions that champion the adoption of aluminium packaging. Belvac's Carrier Ring...
On May 27, 2024, SMM reported that China's social inventory of aluminium ingots stood at 781,000 tonnes, with 655,000 tonnes available for sale. This marked an increase of 14,000 tonnes from the previous week and a significant year-over-year rise of 160,000 tonnes. Regarding cargo pick-up, only 102,300 tonnes of aluminium ingots were retrieved from warehouses in China, marking a decline of 12,500 tonnes W-o-W. This decrease represents a new low since the Labour Day holidays and remains at a five-year low for the same period. The continuous accumulation of domestic aluminium ingots over nearly half a month, coupled with the persistent increase in supply but weak cargo pick-up, highlights significant inventory pressure. Domestic aluminium ingot arrivals in China to rise in late May Due to a...
Novelis Inc., an American industrial aluminium company and an independent subsidiary of Hindalco Industries Limited, reportedly aims to raise $945 million in a US IPO by selling 45 million shares for $18-21 each. This IPO may even generate $1.08 billion of capital for Novelis if the green shoe option is exercised. This IPO listing is part of Hindalco's broader strategy to unlock value and raise capital through all its global subsidiaries. After the initial public offering, Hindalco will reduce its stake in Novelis by 7.5 per cent and retain almost 92.5 per cent of the ownership. Novelis stated: "Hindalco will control approximately 92.5 per cent of the voting power of our outstanding share capital following the offering, assuming no exercise of the underwriters' option to purchase...
Rico Auto Industries, a distinguished Gurugram-based supplier of machined components and assemblies, specialising in aluminium and ferrous materials, is making strategic moves to bolster its future growth. Recently, the company secured a leasehold of 12.31 acres at the SIPCOT Industrial Park in Shoolagiri, Hosur. This acquisition is poised to support its expansion plans, particularly focusing on automotive manufacturers in southern India. Despite facing financial setbacks in FY24, Rico Auto Industries is poised for a robust recovery with promising projections for FY25. Rico Auto Industries’ latest move to acquire land in Hosur is a testament to its forward-thinking strategy aimed at scaling operations and better serving its clientele in southern India. The SIPCOT Industrial Park, renowned...
Radnor Hills, a renowned soft drink manufacturer based in Knighton, has been honoured with the Sustainable Business of the Year award at the Wales Food and Drink Awards 2024. This accolade, announced at Brangwyn Hall in Swansea, reflects the company’s untainted commitment to environmental sustainability, particularly through its pioneering use of aluminium cans. Radnor Hills places environmental sustainability at its core, producing a range of still, sparkling, and flavoured drinks from spring water sourced from its own boreholes. The company’s dedication is evident through its zero-waste-to-landfill achievement since 2018 and its state-of-the-art on-site recycling facility. Radnor's expert in-house team ensures that any non-recyclable waste is compacted and sent for Refuse Derived Fuel...
According to a recent report, Japanese buyers received a premium offer of $175 per tonne from a global producer for the June-September quarter primary metal shipments. The news came after three sources directly involved in quarterly pricing talks reported as anonymous individuals. The latest offer is 18 to 20 per cent higher than the current quarter’s premium of $145-148 per tonne, which is also 61 to 64 per cent more than the prior quarter's premium of $90 per tonne. Japan is the most prominent importer of primary aluminium in Asia and thus, the premium it agrees to pay each quarter over the London Metal Exchange price becomes a benchmark for the region. According to Japanese buyers, this latest premium offer is too high considering the sluggish domestic demand for aluminium, especially...
Austria's IMR Metal Powder Technologies and US-based KBM Advanced Materials have joined forces to sell and distribute IMR's aluminium metal powders for additive manufacturing (AM). Through KBM's unique metal powder marketplace and extensive distribution network in North America (NA), IMR's high-quality aluminium metal powders will now be more accessible to users, enhancing their access to premium powder products. Thomas Rimmer, IMR CEO, said, "By offering our Aluminum alloy powders on the platform of KBM our US customers have now access to their products on short-term notice which supports their inventory management optimization as well as fast response to new business opportunities in a still evolving and sometimes difficult to predict market environment. The availability of IMR's...
The Shanghai Metals Market has witnessed a rise of RMB 40 per tonne today, closing at RMB 21,070 per tonne, with the average prices hovering between RMB 21,050 per tonne and RMB 21,090 per tonne. On a week-on-week scale, there has been a drop of RMB 20 per tonne from RMB 21,090 per tonne recorded on May 22. The eight main provinces in China have all seen a slight increase in aluminium prices, with the highest spike of RMB 110 per tonne marked in Tianjin, where the aluminium price stood at RMB 21,060 per tonne. In Wuxi and Shenyang, the aluminium prices have added RMB 60 per tonne each to officially close at RMB 21,070 per tonne and RMB 20,990 per tonne, respectively. The aluminium prices in Gongyi and Linyi have both gained RMB 50 per tonne to stop at RMB 20,970 per tonne and RMB 21,060...
Russian commodities firms, grappling with the challenges of executing financial transactions with their Chinese counterparts, have turned to a new opportunity for a solution - stablecoins, as reported by Bloomberg. A stablecoin is a cryptocurrency that maintains a fixed value by being linked to a stable asset. Unlike typical cryptocurrencies, stablecoins are pegged to assets like fiat currencies, such as the U.S. dollar or the Euro, and can be traded on exchanges. This innovative approach is helping to bypass traditional financial hurdles, marking a significant shift in how international trade is conducted. Stablecoins, digital currencies pegged to stable assets, offer a reliable alternative, ensuring seamless and secure transactions in the increasingly complex global market. As these...
According to the latest data revealed by the US Geological Survey, the United States crude and dried bauxite imports in the first quarter of 2024 demonstrated a sequential decline, marking the third consecutive quarter of downfall since the third quarter of 2023. However, on an annual basis, the import volume in Q1 recorded an increase. The USGS data showed that the United States imports in Q1 stood at 501,000 tonnes, down 8.74 per cent from 549,000 tonnes in Q4 2023 but up 8.44 per cent from 462,000 tonnes a year ago. The quarter-on-quarter decline in United States bauxite imports has been continuing since the third quarter of 2023 when the import volume slumped by 11.05 per cent from 733,000 tonnes to 652,000 tonnes. Subsequently, the imports further fell in Q4 2023 by 15.8 per cent to...
LME aluminium opened at US$2,667 per tonne in the previous trading session, reaching a high of US$2,741.5 per tonne, a low of US$2,667 per tonne, and closed at US$2,732 per tonne, up US$74 per tonne or 2.78 per cent. On Tuesday, May 28, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$54 per tonne or 2.07 per cent to settle at US$2,652 per tonne and US$2,653 per tonne. One of the main reasons for the price hike can be attributed to strong rally in the key raw material alumina and robust demand. Gas shortages prompted mining giant Rio Tinto to declare force majeure on alumina shipments from its Australian refineries, raising concerns about supply from the world's second-largest producer. As per the LME price graph, 3-month bid price and 3-month...
Solex Energy, a prominent player in India's solar energy sector, has embarked on a transformative journey to significantly boost its manufacturing capacity. The Surat-based company has forged strategic partnerships with Chinese entities GMEE SC Solar and ATW to procure state-of-the-art manufacturing lines, a move that aligns with its ambitious growth plans. In a decisive step towards elevating its solar module production, Solex Energy has signed agreements with GMEE SC Solar and ATW. These collaborations will bring advanced manufacturing lines equipped with comprehensive automation to Solex Energy's production facility in Tadkeshwar, Gujarat. This initiative is pivotal for increasing the company’s solar module manufacturing capacity from the current 700 megawatts (MW) to an impressive 1.5...
In the realm of industrial sustainability, few challenges loom as large as the management of bauxite residue, commonly known as red mud. It's an industrial waste generated during bauxite processing into alumina using the Bayer process, which has a complex composition that poses significant environmental and economic concerns. However, amidst these challenges lies a beacon of hope: Al Circle's latest industry-focused report, " A Comprehensive Analysis of Bauxite Residue - Red Mud. " This report, meticulously developed by including various thoughts and insights of experts and environmental scientists, delves deep into the heart of the red mud dilemma. It offers a comprehensive analysis that promises to reshape the landscape of bauxite residue management. No stone is left unturned in this...
Aluminium is crucial in various industries, including mobility and transportation, construction and buildings, packaging, aerospace, and defence. It is integral to nearly all energy generation, transmission, and storage technology facets. Sandvik Coromant, a global leader in metal cutting tools and tooling solutions, is hosting a virtual event tailored for manufacturers in the aerospace, automotive, defence, space, and general engineering sectors. The event titled, ' Navigating the Artistry of Aluminum Machining,' will be broadcasted live on Thursday, June 27, 2024. It will focus on tangible solutions to streamline the aluminium machining process, empowering manufacturers to meet these demands effectively. With mounting environmental regulations and consumer preferences leaning towards...
The governments of Singapore and Qatar are collaborating to enhance carbon footprint accounting in the aluminium industry. Enterprise Singapore (ESG) and Qatar's Ministry of Environment and Climate Change (MoECC) are leading efforts to implement cutting-edge technologies and frameworks to achieve this goal. About the initiatives This initiative supports the aluminium sector and sets a precedent for other industries to follow. Singaporean companies like #dltledgers are instrumental in this effort, providing the essential technological framework to achieve these goals through joint collaboration. The Gulf Cooperation Council (GCC) countries, including Qatar, play a pivotal role in global aluminium production. Qatar meets approximately 10 per cent of the world's aluminium demand and exports...
