Australian mineral exploration and development company Impact Minerals has reported a net loss after tax of AUD 4.89 million (USD 3.42 million) for the financial year ended June 30, 2026, compared with AUD 9.02 million (USD 6.31 million) in the previous year, as it advances its strategic transition towards high-purity alumina (HPA) production using its Western Australian salt lake resources. The company's FY2026 Annual Report outlines a major shift in its business direction, with HPA development taking centre stage as Impact seeks to establish a position in the supply chains serving electric vehicle batteries, semiconductors, LED lighting and other advanced technology applications. Impact Minerals holds an 80 per cent interest in the Lake Hope HPA project in Western Australia and a 50 per...
The aluminium trade graph, excluding scrap, of Argentina in the first eight months of 2026, till August, continues to surge with steady momentum, indicating an increase in shipments and export earnings of the nation. As of year-to-date (YTD) August 2026, Argentina exported a total of 48,977 tonnes, valued at USD 179.05 million. Excluding aluminium scrap, the export basket covered all the articles of aluminium products including unwrought, bars, rods and profiles, foil, plates, sheets and strips, tube or pipe fittings and aluminium wire. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook Volume and value register strong year-on-year growth Calculating the year-on-year growth,...
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Norsk Hydro ASA, a Norwegian aluminium producer, has received notification that Markbygden Ett AB, the owner of a 653-MW wind farm in Sweden, has begun a company reorganisation process. The district court of Umea granted Markbygden Ett AB's application for reorganisation on Tuesday, according to Norsk Hydro. In 2017, Norsk Hydro signed a power purchase agreement (PPA) with Markbygden Ett for an annual baseload supply of 1.65 TWh between 2021 and 2039. The wind project, which is part of the Markbygden 1101 wind farm cluster in northern Sweden, was expected to produce 2.2 TWh annually. Markbygden Ett AB's owners are China General Nuclear Power Group Europe Energy and BNR Infrastructure, which is owned by GE Capital and Silk Road Fund China. Norsk Hydro stated that the wind farm has been...
Victor Hammed, a native of the Nigerian historic city of Ilesa, Osun State, completed his primary and secondary schooling in his hometown before attending Obafemi Awolowo University, Ile Ife. Graduating with distinction in Materials Science and Engineering, Victor has emerged as a prominent figure in cutting-edge scientific exploration. His expertise lies in the intersection of nanotechnology and green chemistry, where he has forged a path marked by comprehensive academic training and pioneering research endeavours. Like sustainable or circular chemistry, green chemistry is an area of chemistry and chemical engineering focused on designing products and processes that minimize or eliminate the use and generation of hazardous substances. Over the years, Victor has consistently demonstrated...
On Thursday, November 16, China’s aluminium billet inventories dropped by only 1,000 tonnes week-on-week to stand at 97,500 tonnes, according to the Shanghai Metals Market survey. The downfall occurred in Foshan, Wuxi, Changzhou, and Huzhou but was slightly offset by the hike in Nanchang. To know the status of China’s aluminium billet inventories in more details as of November 16, refer to the chart below: In Foshan, aluminium billet inventories on November 16 slipped by 2,400 tonnes week-on-week and 1,000 tonnes from Monday, November 13, to come in at 39,800 tonnes, found SMM. In Wuxi, the inventories stood at 20,400 tonnes on November 16, down by 1,300 tonnes from November 9 and 1,700 tonnes from November 13. Changzhou also saw a fall of 1,300 tonnes week-on-week to peg at 7,300 tonnes...
With a mission to promote passion and environmental sustainability, the South California-based eco-friendly hard seltzer firm Passion Tree has created the first-ever small hard seltzer cans called Passion Tree Minis. The newly launched fun-sized minis come in aluminium cans, bridging the gap between non-alcoholic and low-ABV drinks. The Passion Tree Minis are presented in a distinctive aluminium can with a capacity of 7.5 ounces. "It's cool to see how the minis not only cater to a vast number of health-conscious consumers but also how it invigorates the market with a novel, enjoyable option. Our focus now is expanding distribution, as we think everyone should have a chance to enjoy a chilled Passion Tree mini," said Garrett Olsen, CEO of Passion Tree. The issue of global warming has...
On Saturday, November 18, Israel launched a drone firing two missiles at an aluminium plant outside the southern Lebanese market town of Nabatiyeh, which caused fire and widespread damage, according to National News Agency. The News Agency said that firefighters and ambulances rushed to the aluminium plant but did not mention the casualties of the strike that occurred around dawn. The drone targeted the aluminium plant on the Toul-Kfour road at 4 a.m. Israel, for the first time, targeted an industrial facility during the recent violence, reported Arab News. There was no immediate comment from the Israeli military related to the strike but did not say that the army is currently striking Hezbollah targets. Israel carried out the strike after Hezbollah attacked Israeli posts on Friday,...
November 2022 was a significant time in AI research and development history. As a significant milestone in recent technical developments, OpenAI launched ChatGPT, which almost instantaneously became the talk of the tech world. Since then, there have been many important developments around AI developments – the fear, anxiety, and eclectic moments all together only drove the world towards AI. One year later, the spree came back with a bang. On November 17, 2023, the board of Open AI decided to let the CEO, Sam Altman, go as he had not been open and transparent in his communications with the board. As expected, this triggered several chain events – the chairman of the board and one of the co-founders of OpenAI, Greg Brockman, also declared that he would resign. Mira Murati, the CTO of...
Aughinish Alumina, a bauxite processing firm at Limerick in Ireland owned by the Russian aluminium giant Rusal, reported a loss of 167 million U.S. Dollars in the last year, as per the newly filed accounts. This is a decrease from the 378 million U.S. Dollars loss in 2021. The Irish operation on the Shannon Estuary faced challenges, losing key customers in Europe and expressing concerns about its ability to continue due to the impact of the geopolitical crisis in Ukraine. Despite a rise in revenue to 853.5 million U.S. Dollars from $784.5 million U.S. Dollars, the plant's output declined by 13 per cent. The accounts reveal that Rusal's business suffered from E.U. and U.S. sanctions following the geopolitical issues between Russia and Ukraine, leading to higher production costs,...
LME aluminium opened at US$2212.5 per tonne in the previous trading day, with its low and high at US$2196 per tonne and US$2218 per tonne, respectively, before closing at US$2216 per tonne, up US$4.5 per tonne or 0.2 per cent. On Friday, November 17, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$17.5 per tonne or 0.80 per cent to close at US$2,164.50 per tonne and US$2,165 per tonne. London Metal Exchange graph displayed that the 3-month bid price and 3-month offer price dropped by US$16 per tonne or 0.72 per cent and US$16.5 per tonne or 0.74 per cent to halt at US$2,203 per tonne and US$2,203.50 per tonne. December 24 bid price and December 24 offer price dipped by US$15 per tonne or 0.64 per cent to clock at US$2,318 per tonne and US$2,323 per...
Aluminium is one of the most sustainable materials on the planet and is also highly recyclable. Aluminium recycling benefits present and future generations by conserving energy and other natural resources. European Aluminium released its newest research titled "Net-Zero by 2050: Science-based Decarbonisation Pathways for the European Aluminium Industry" at a high-level event attended by Kerstin Jorna, Director-General of the European Commission's DG Grow. Vedanta Aluminium, India's largest aluminium manufacturer, takes a big step towards environmental responsibility by shipping the nation's first batch of Restore, the country's revolutionary low-carbon 'green' aluminium, to Telangana-based Global Aluminium Pvt Ltd. Dubai is poised to get a 64-story structure wrapped in 100 per cent...
According to customs data released on November 18, 2023, China experienced a fifth consecutive monthly increase in aluminium imports during October. The uptick is attributed to an improved buying appetite driven by solid demand and expectations of reduced supply in the domestic market. As the world's largest consumer and producer of aluminium, China imported 351,065 metric tons of unwrought aluminium and related products in October. This marked a 5.8 per cent increase from September's 331,716 tonnes and a significant 78.7 per cent surge from the same period last year. Despite a sluggish economic recovery and constrained consumption in traditional sectors, the new energy sector exhibited a strong demand for aluminium. Fears of reduced domestic supply due to capacity cuts in the...
Altech Batteries is dramatically growing its silumina anodes battery project, boosting production from 15 gigawatt hours (GWh) to an astonishing 120 GWh. This capacity increase, achieved during the final phases of the definitive feasibility study (DFS), is intended to address the increasing demand for silicon-type anodes in the electric vehicle (EV) industry. Satish Pai, Managing Director of Hindalco Industries, said the business intends to invest between INR 4,000 and INR 5,000 crore yearly. To the greatest extent feasible, the aluminium manufacturer is attempting to finish the projects using funds produced by the company's activities. Hindalco is planning a significant capital expenditure effort in addition to the previously announced INR 8,000 crore investments in a new alumina...
The recycled segment of the aluminium industry has been witnessing extraordinary feats in the past few months with the advent of Net Zero and low carbon impact protocols. On November 16, Hydro launched the Cassopolis facility in the United States, 18 months after construction. This facility is a notable milestone for the company, being their third greenfield recycling plant established in the United States. What sets it apart is that it is the first facility specifically engineered for the production of Hydro CIRCAL, a remarkable achievement. With this US$150 million Michigan factory, Hydro will be able to generate 120,000 metric tonnes of recycled aluminium annually. Japan's Toyota Tsusho Corporation's subsidiary, Toyotsu Materials, and non-ferrous scrap company Sanko Saitama have...
The downstream sector is blooming sequentially with an optimistic outlook for the future. Sepalumic, a leading aluminium systems designer and distributor for the building industry, invested 30 million euros to inaugurate a new extrusion plant and modernize its Genlis facility. The company aims to solidify the Genlis site as its industrial hub and address current transition challenges in the building industry. The inauguration of the new extrusion plant and modernization of the finishing facility took place on November 16. Shandong Weiqiao Entrepreneurship Group introduced six new aluminium alloy materials at the 8th International (Sanya) Aluminium Industry Chain Green Development Summit Forum in Sanya, Hainan. These materials have autonomous intellectual property rights and hold a high...
Recently, Hydro UK commissioned the renowned and talented artist Andy 'Dice' Davies, who is also the director and founder of the Cheltenham Paint Festival, to paint the factory wall. The project took two weeks to complete, and the results are exceptional. Hydro Aluminium UK excels in aluminium extrusion and has its Cheltenham manufacturing plant located on Tewkesbury Road. The Cheltenham site offers top-quality extruded aluminium profiles and surface treatment for bespoke aluminium finishes. With a workforce of 590 staff across the UK, including 140 dedicated employees in Cheltenham, Hydro UK is committed to delivering nothing but the best. The mural depicting Poseidon and horses is symbolic of the Greek connotations for water, as he is the Sea God. Hydro's operations are mainly dependent...
As per the latest data by the United States Geological Survey (USGS), it can be calculated that the US imports of crude metals and alloys from Canada slumped by 6000 tonnes or 2.64 per cent Year-on-Year from 227,000 tonnes recorded in August 2022 to 221,000 tonnes in August 2023. Similarly, there has been a Year-on-Year drop in US imports of crude metals and alloys from Mexico, resulting in 1,370 tonnes in August 2023, down 260 tonnes or 15.95 per cent from 1,630 tonnes in August 2022. On a Month-on-Month scale, the US imports of crude aluminium from Canada have suffered a loss of 36,000 tonnes or 14 per cent since July 2023's registered amount was 257,000 tonnes. In contrast, the US imports of crude metals and alloys from Mexico maintained a Month-on-Month stagnancy. If we compare the...
The beverage can industry is now making continuous efforts to use materials free from any substances of concern. These efforts have received a significant boost with the introduction of advanced coatings technology by AkzoNobel. A new manufacturing facility is also being created in Spain to further support this transition. The first two items in the company's new AccelstyleTM line of packaging coatings have recently been released. Both are safe since they were made to go outside standard two-piece aluminium beverage cans and contain no bisphenols, styrene, or PFAS. AccelshieldTM 700, the first BPx-NI* (free of deliberately added bisphenols) internal coating for beverage can end, was released in May 2023 and satisfies the requirements of the FDA and the European Union. "The Vilafranca...
SolarAfrica, a renewable energy company, is set to commence the construction of its solar farm project in the Northern Cape following the allocation of an Eskom grid budget quote (BQ). This BQ is a key component of Eskom's strategy to integrate additional renewable energy megawatts from independent power producers into the grid, aiming to meet demand and enhance the national energy supply security. SolarAfrica emphasises its commitment to meeting Eskom's stringent criteria after obtaining a BQ under the Energy Action Plan. A pivotal requirement is establishing a customer base committed to consuming wheeled energy through virtual power purchase agreements (VPPAs). SolarAfrica proudly announces that prominent companies such as Vantage Data Centres, Attacq, and NCP Chlorchem have already...
On November 10th, Huilong Aluminum Group announced that to implement the company's development strategy further, optimise the company's organisational management system, and improve operational efficiency, the company plans to acquire 27 per cent of the equity of its holding subsidiary Anhui Huilong Group Donghua Agricultural Materials for RMB 53.79. Anhui Huilong Group Huialumum New Material Technology Co., Ltd. plans to sell 17 per cent of its equity. Additionally, Anhui Huilong Group Huialuminum New Material Technology Co., Ltd. has expressed its plans to sell its entire equity stake of 100 per cent in Maanshan Dasong New Material Technology Co., Ltd. for a sum of 49.3 million yuan. Anhui Huilong Group Huialuminum New Material Technology Co., Ltd. (hereafter referred to as "huialuminum...
