Premium luggage brand Carl Friedrik has expanded its aluminium collection with the launch of the aluminium Check-in, a 76-litre suitcase designed for longer trips and international travel. Priced at USD 1,095, the new suitcase features a hard-wearing anodized aluminium shell, TSA-approved combination locks, and 360-degree ball-bearing wheels designed for smooth movement. The Check-in model follows the launch of the smaller aluminium Carry-On in March. According to the source, the Carry-On sold out within eight weeks, prompting Carl Friedrik to expand the aluminium range with a larger case. The new suitcase retains several features from its smaller counterpart while adding capacity for travelers who need more space. It is currently available in silver with black, cognac, or chocolate trim....
Hindalco Industries Limited, Muri Works has achieved ASI Performance Standard V3.1 (2023) for alumina refining activities at the Hindalco Industries Ltd Muri Works facility, located in Muri, Jaharkland District India. Aluminium Stewardship Initiative (ASI) today announced that Hindalco Industries Limited, Muri Works (India’s first Alumina Refinery, established in 1948) has been certified against the ASI Performance Standard V3.1 (2023). The major manufacturing processes undertaken at the Entity includes crushing, grinding, digestion, clarification, precipitation and calcination. The current alumina refining rated capacity is 450 kilotonnes per annum. The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive...
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Alpha HPA is officially set to establish the world's largest single-site high-purity alumina products refinery in Gladstone, Queensland. The company has made a final investment decision (FID) on Stage Two of its 'HPA First' project, following the successful construction, commissioning, and 16-month operation of the Stage One precursor facility. "Construction of the 10-hectare, state-of-the-art, full-scale facility will commence mid-2024 on the existing HPA First project site at Yarwun, near Gladstone, where the company's Stage One facility is already in small-scale production of its high purity aluminas and aluminium materials product range. Stage Two will encompass full-scale production of up to 10,000 tonnes of high-purity aluminium materials per year creating 120 ongoing local jobs on...
RKN Aluminium, an expert in aluminium cladding, doors, and windows, has entered administration, impacting its longstanding services and clientele. Established in 2006, RKN Aluminium specialised in designing, manufacturing, and fitting curtain walls, windows, and doors. Based in Melton Mowbray, the firm served hundreds of projects nationwide, collaborating with prominent contractors such as VolkerFitzpatrick, Glencar, and Ashe. The company recently relocated to purpose-built premises, employing around 30 staff. RKN Aluminium notably partnered with Bowmer & Kirkland on the Government's DfE ESFA Framework, supporting the Modern Methods of Construction initiative. This collaboration facilitated numerous school construction projects, showcasing RKN’s expertise in educational infrastructure....
International Aluminium Institute has reportedly appointed John Slaven, CEO of Vedanta Aluminium, vice-chairman. In the new position, Slaven will lead global initiatives to promote aluminium's critical role in transforming the manufacturing industry into a zero-carbon modern world. Since inception in 1972, the International Aluminium Institute is single-handedly representing the global primary aluminium industry, advocating for industry's responsible productions and operations and promoting the benefits of using aluminium in different industrial sectors. Besides, IAI maintains comprehensive global data with 40 years of analysis on production, consumption, energy use, and environmental impact. Upon his appointment as vice-chairman of IAI, John Slaven said: "Aluminium has already proven...
The recent collaboration between China Hongqiao Lightweight Research Institute and the Institute of Metal Forming (IBF) at RWTH Aachen University in Germany signifies a significant stride in advancing mutual exchange and cooperation in cutting-edge manufacturing technology. During their visit to Germany, representatives from the Lightweight Research Institute and China Hongqiao European Innovation Centre had the opportunity to tour several esteemed German research institutions. One notable visit was to the Institute of Forming Technology (IUL) at Dortmund University in the Ruhr Industrial Area. Here, Professor Tekkaya, a distinguished figure in the industry, provided comprehensive insights drawn from over 70 years of technical expertise at the institute. He delved into various innovative...
Indian primary aluminium manufacturers’ operating margin is likely to grow by over 25 per cent in this ongoing financial year due to robust demand and potentially lesser production costs driven by cheaper energy and alumina. The primary aluminium industry is capital-intensive and marked by volatile prices. An increase in operating margin/profit will enable manufacturers to reduce reliance on debt to fund ongoing capital expenditure often required for capacity expansion. The estimation of increased operating margin for FY2025 is established by a CRISIL Ratings study conducted on three domestic primary aluminium producers, who account for 90 percent of the 4.1 million tonnes of domestic capacity. In the previous fiscal year, 2024, the operating margin of Indian manufacturers grew by 20 per...
Neolea, a pioneer in modern Mediterranean products, is set to reinvent olive oil packaging with the launch of its extra virgin olive oil in eco-friendly aluminium cans. The new packaging features the innovative ‘Fresh Cap,’ designed to preserve the olive oil’s integrity, freshness, and flavour. The ‘Fresh Cap’ offers a spill-free, flow-controlled pouring experience and allows the can to be resealed , ensuring optimal freshness between uses. Dishwasher-safe and user-friendly, this cap magnifies Neolea’s dedication to product quality and consumer convenience. Aluminium is infinitely recyclable without quality loss, with the recycling process consuming 95% less energy than producing new aluminium from raw materials. This makes it an ideal choice for sustainable packaging, aligning perfectly...
European Aluminium, the leading association representing the entire European aluminium value chain, urgently calls on the EU to address the ongoing exclusion of major aluminium product categories from its sanctions regime on Russia. This stark disparity in action is evident when comparing the EU's stance to that of other G7 partners, such as the US, UK, and Canada, all of whom have already implemented sanctions on Russian aluminium ingots. European Aluminium emphasises that a comprehensive ban should cover all principal categories of aluminium products—ingots, slabs, and billets. These categories comprise over 85 per cent of the EU's aluminium imports from Russia. Implementing this comprehensive ban is crucial for aligning the EU's actions with those of other G7 partners. A united stance...
China’s domestic alumina spot price has been rallying uninterruptedly since April 22 due to increased demand but limited supply because of production cuts at some refineries, especially in Henan, for insufficient availability of bauxite. Over the past weekend, the ore price has gained RMB 2 per tonne to reach RMB 3,721 per tonne as of May 20, up by 12.18 per cent from RMB 3,317 per tonne a month ago. In Shandong and Guangxi, alumina prices have increased by RMB 10 per tonne and RMB 5 per tonne, respectively to come in at RMB 3,680 per tonne and RMB 3,750 per tonne, according to the Shanghai Metals Market (SMM). Australian alumina FOB price has continued to remain restrained at US$425 per tonne since May 16. Backed on the increase in alumina spot price, China’s domestic A00 aluminium ingot...
LME aluminium opened at US$2,586 per tonne in the previous trading day, with its low and high at US$2,582 per tonne and US$2,623 per tonne, respectively, before closing at US$2,621 per tonne, up US$33 per tonne or 1.28 per cent. On Friday, May 17, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$6 per tonne or 0.23 per cent and US$5.5 per tonne or 0.21 per cent to clock at US$2,543.50 per tonne and US$2,544 per tonne. As per the LME price graph , both 3-month bid price and 3-month offer price added US$3.5 per tonne or 0.13 per cent to settle at US$2,597.50 per tonne and US$2,598 per tonne. December 25 bid price and December 25 offer price hiked by US$4 per tonne or 0.14 per cent to rest at US$2,727 per tonne and US$2,732 per tonne. LME aluminium...
The Sultanate of Oman has achieved a significant trade surplus of RO 1.693 billion by the end of February 2024, marking a notable increase from the RO 1.378 billion surplus recorded during the same period in 2023. This information comes from the latest preliminary statistics the National Centre for Statistics and Information (NCSI) released. The data underscore a positive trend in Oman's trade balance, reflecting robust economic activities and possibly effective policy measures to boost trade. As Oman continues to navigate the complexities of the global economic landscape, this surplus is a testament to its resilience and strategic financial planning. The NCSI's figures highlight the Sultanate's ongoing efforts to enhance its trade performance and strengthen its economic foundation....
The aluminium industry is experiencing significant growth, with sustainability playing a pivotal role in shaping its trajectory. Historically, aluminium production has been energy-intensive, but a shifting focus towards sustainability has spurred the adoption of innovative practices. This includes a drive towards renewable energy sources, increased emphasis on recycling initiatives, and the promotion of responsible sourcing for raw materials. This week, the sustainability sector of the global aluminium industry witnessed many significant incidents. For example, Alba introduced a new low-carbon aluminium product line, followed by Moddex Group's sustainable shift to Capral's LocAl® Green lower-carbon aluminium. The industry also witnessed many new appointments and shifts to sustainability....
Nissan Motor is gearing up to integrate low CO 2 emission aluminium parts, crafted from green or recycled sources, into upcoming and existing models starting from the fiscal year 2024. This initiative holds significant promise, with aluminium constituting about 10 per cent of a vehicle's weight. Nissan's ambitious target Looking ahead to 2030, Nissan is setting ambitious targets, aiming to incorporate recycled aluminium components across its entire vehicle lineup. This strategic move aligns with the company's broader mission of achieving carbon neutrality by harnessing low CO 2 emission aluminium. The ultimate goal is to ensure that every stage of a Nissan vehicle's lifecycle, from production to disposal, is carbon neutral by 2050. Green aluminium, produced using electricity derived from...
In a series of pivotal moves, the aluminium industry has witnessed significant developments, from tariff impositions by the United States to technological advancements by major global players. President Joe Biden's decision to increase tariffs on Chinese imports, Alba's financial results amid fluctuating LME prices, Hong Leong Investment Bank's optimistic forecasts for Press Metal, RUSAL's AI integration, and EGA's digital manufacturing initiative collectively signal a dynamic shift towards sustainability, innovation, and fair trade practices. Joe Biden's tariff strategy - Century Aluminum's response To safeguard American manufacturers against unfair trade practices, President Joe Biden has substantially increased tariffs on Chinese imports, including aluminium. The new tariffs, set at...
This week, dated May 15 and 16, Hindalco’s aluminium prices saw two consecutive days of alteration. On Wednesday, May 15, Hindalco’s aluminium prices were cut from the previous week in line with the LME aluminium price fall, while Hindalco’s prices on May 16 saw an elevation in concurrence with the LME aluminium price hike. On May 15, Hindalco trimmed its aluminium ingot price by INR 3,250 per tonne, or 1.31 per cent, to INR 244000 per tonne. As far as aluminium wire rod and billet prices were concerned, they too experienced a cut of INR 3,250 per tonne, reaching INR 261,000 per tonne and INR 258,100 per tonne, respectively. On the subsequent day, Hindalco increased its aluminium ingot price by INR 4,500 per tonne or 1.84 per cent to INR 248,500 per tonne as of May 16. Hindalco’s...
Saudi Arabia's prominent aluminium producer, Al Taiseer Group's Talco Industrial Company (Talco), is poised to take a significant step by listing a 30% stake, equivalent to 12 million shares, on the Tadawul stock exchange. This strategic move underlines Talco's growth ambitions and its pivotal role in the aluminium sector. The shares will be offered at a nominal value of SAR 10 ($2.67). The precise IPO price will be established following the book-building period, set to occur from May 20 to 23, 2024. Subsequently, the retail tranche will be available from May 28 to 29, allowing individual investors to partake in this opportunity. The Capital Market Authority, Saudi Arabia's market regulator, greenlit Talco's IPO in December 2023, paving the way for this public offering. Talco's decision...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production rose 7.2 per cent from a year earlier, standing at 3.58 million tonnes. Aluminium price rally in China and across the globe drove the output hike during the said period. China’s average daily aluminium output in April was 119,333 tonnes, up by 3.05 per cent from 115,806 tonnes in March, according to Reuters calculation based on NBS data. In Yunnan, China’s fourth-biggest aluminium producing province, resumed some operations in April amid uncertain time ahead due to drought and reduced rainfall. If China’s primary aluminium production in April is calculated M-o-M, the output stood slightly less than 3.59 million tonnes Aluminium prices grew in April on potential demand growth from domestic clean...
In response to a plea from the American Red Cross, Anheuser-Busch has delivered a truckload of over 50,000 aluminium canned emergency drinking water to residents in East Texas. This aid aims to bolster support amidst ongoing severe weather and flooding that has besieged multiple counties in the region and is projected to persist. Following a disaster declaration issued by the Texas government earlier this month for areas in East Texas ravaged by storms and flooding, homes, businesses, and the agricultural sector continue to grapple with the aftermath. In light of these challenges, Anheuser-Busch has stepped in to provide vital emergency drinking water to residents, assisting those already affected by recent severe weather and preemptively aiding those facing potential storm threats. "The...
Morgan Motor Company, in collaboration with Pininfarina S.p.A., has introduced the Midsummer, a limited-edition vehicle that epitomises over two centuries of combined coachbuilding expertise. This exquisite creation not only pays homage to the European barchetta design but also showcases Morgan's iconic silhouette, reflecting the brand's flexible design ethos. At the heart of Midsummer lies a celebration of traditional craftsmanship and sustainability. The cabin features more than 400 layers of sustainably sourced teak, meticulously laminated to create sculptured wooden structures. These elements enhance the vehicle's distinctive shoulder line, adding a touch of natural elegance. A hallmark of the Midsummer is its hand-formed aluminium body panels, each requiring over 250 hours to craft....
