Oklahoma Primary Aluminum has released a new economic impact study for its proposed USD 4 billion primary aluminium facility at the Tulsa Port of Inola, projecting a cumulative USD 49 billion contribution to the state’s economy through 2060. The study, prepared by Regional Economic Models Inc, describes the project as a “generational economic anchor” for northeastern Oklahoma, with thousands of jobs, higher household income and significant annual additions to state and national GDP. It was published as the developers face a local construction moratorium, a planned referendum and ongoing environmental and legal reviews. Scale and economic impact The joint venture between Emirates Global Aluminium and Century Aluminum says the 750,000-metric-tonne-per-year smelter would: Generate...
Over the past few years, the employment story of US aluminum industry has been entering chapters from the downstream segment. According to the Aluminum Association, almost 98% of all US aluminum jobs are now concentrated in mid- and downstream processing and recycling, even as employment in primary aluminum has fallen sharply. The Aluminum Association’s latest 2026 economic impact study puts direct industry employment at 165,354 jobs, with the wider aluminum ecosystem supporting 871,464 direct, indirect and induced jobs and generating $326.4 billion in economic output. The shift is particularly evident in recent employment growth. Between 2024 and 2026, jobs in secondary aluminum production rose 21.9%, aluminum coatings 23.1% and sheet and extrusions 22.2%, while primary aluminum...
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Aluminium Stewardship Initiative (ASI) announced the joining of Alle Alumínio Ltda as the new Production and Transformation member. Based in Betim, Minas Gerais, Alle epitomises excellence, innovation, and dependability at its core, positioning us as the premier company in Minas Gerais for secondary aluminium alloy production. About Alle Alumínio As a cornerstone of the national aluminium market, Alle Alumínio provides its clientele with products renowned for their unrivalled quality and reliability, fostering the preservation of the company’s environment, cultivating business prospects for society, and championing the circular economy. Alle Alumínio furnishes the market with products boasting a "green aluminium" imprint by harnessing endlessly recyclable raw materials. The company's...
Andrea Sarmiento, a Colombian entrepreneur based in Brunswick Heads, has turned her passion for sustainable fashion into a thriving business. Through her brand DeLata, she crafts handbags and necklaces from recycled aluminium pull tabs, transforming waste into wearable art. The core of Andrea's business model lies in collaboration with a group of 14 single mothers from Martires, a remote area in Bogota, Colombia. By exchanging designs and ideas, Andrea supports these women by providing them with tools to showcase their individual cultural heritage while earning a sustainable income. Andrea implied: "I think people like innovation and how versatile we are. It's a conversation piece, and everyone wants to know the story behind it. You can walk to any morning market with one on and take the...
Ball, a leading sustainable aluminium packaging provider, showcases consistent performance in the first quarter of the financial year 2024 (FY24), maintaining its net earnings at $217 million, echoing the results from the corresponding period in the prior year. Despite minor fluctuations, the company continues its steadfast trajectory, reflecting resilience amidst dynamic market conditions. Ball reports a net earnings figure of $217 million for Q1 FY24, consistent with FY23. Comparable diluted earnings per share stand at ¢68, exhibiting a marginal decrease from ¢69 in the previous fiscal year. The company's net sales for the quarter concluded at $2.87 billion, marking a slight decline from $2.98 billion in FY23. However, Ball demonstrates an improvement in comparable operating earnings,...
In the first quarter of 2024, which concluded on March 31, global alumina production slowed down over a quarter, primarily attributed to a significant decline in China's alumina output. Even a month-on-month recovery in China's alumina production in March 2024 failed to mitigate the overall decline in global output for the quarter. Alongside China, the global alumina production also regained in March but could not appease the Q1 output. However, annually, the world alumina production in Q1 2024 recorded a hike of about 3.49 per cent from 33.879 million tonnes. According to the International Aluminium Institute, the global alumina production in March increased by 6.96 per cent month-on-month from 11.188 million tonnes to 11.967 million tonnes and grew year-on-year by 1.24 per cent from...
Gränges, a leading provider of rolled aluminium materials based in Sweden, unveils its robust financial performance for the first quarter of 2024. Despite challenges, the company showcases resilience and strategic initiatives aimed at sustainability and growth. In the first quarter of 2024, Gränges experienced a 1.5 per cent increase in sales volume, reaching 122,000 metric tonnes. However, net sales saw a slight decline to 5,428 million Swedish kronor. Adjusted operating profit stood at 356 million kronor, reflecting the company's ability to navigate market dynamics effectively. Gränges demonstrates its commitment to sustainability with a notable reduction in carbon emissions intensity to 7.4 metric tonnes CO2e per metric tonne. Moreover, recycled aluminium content surged to 45.5 per...
Grain refiner specialist MQP has won a global business award for the second year running for its customer-centric shipping model across continents. The Midlands-based firm was presented with the Best Import/Export Award by broadcaster and presenter Stephen Mulhern at this year's BizX 2024 awards in front of thousands of guests from the business community. MQP's success is in its high-efficiency grain refiners, which prevent cracking, large grain size and reduced melt quality when making everything from high-tensile structures to foil stock. The range includes its latest development, Optifine 5:1 125, which has 125 per cent relative efficiency compared with its 3:1 grain refiner, which offers three times more efficiency than standard grain refiners on the market. This, ultimately, adds up...
The World Benchmarking Alliance's (WBA) first Heavy Industries Benchmark, published on April 30, 2024, reveals that the companies' emissions intensity reductions are currently not aligned with a 1.5-degree trajectory, there is not yet enough investment in market-ready technologies, but good practice provides hope that robust transition planning is possible throughout the sectors. The World Benchmarking Alliance assessed and ranked 91 influential companies globally – 12 in aluminium, 34 in cement, and 45 in steel production, including Cemex, ArcelorMittal, Holcim, Chalco and Rio Tinto. The heavy industry sectors of aluminium, cement, and steel are critical to the world's decarbonisation journey. They deliver the materials necessary for a transition to a more sustainable future. From...
The preliminary ruling by the U.S. government on an anti-dumping investigation concerning imported aluminium products has sparked concerns within the Korean industry. In response to this development, the Korean Ministry of Trade, Industry, and Energy (MOTIE) convened a countermeasures meeting with relevant Korean industries at the Korea Chamber of Commerce and Industry in Seoul on April 29. About the meeting This meeting aimed to address the U.S. government's anti-dumping investigation specifically targeting aluminium extrusions. Initiated by the Aluminum Extruders Council, the U.S. Department of Commerce launched this investigation in October of the preceding year, encompassing aluminium extrusions from 15 countries, including Korea. Renowned for their high strength-to-weight ratio,...
According to Reuters report, Guinea's bauxite production and exports increased for the third consecutive year in 2023. The West African nation is one of the world's biggest producers of bauxite, having 40 billion tonnes of mining capacity in Boké, Fria, Gaoual, Télimélé, Pita-Labé, Mali, Kindia, Dabola, Tougué, Lelouma, Mamou, Dalaba, Koubia. Guinea has the highest mining potential of bauxite, followed by iron ore (25 billion tonnes), gold, and diamond (more than 10 billion tonnes). In 2023, Guinea produced about 123 million tonnes of bauxite, up over 19 per cent year-on-year. With this significant rise, whether or not Guinea's bauxite production exceeded that of Australia is not known. Guinea's exports jumped 24.5 per cent to 127 million tonnes, 4 million tonnes more than production....
China’s average alumina spot price has remained bullish with an addition of RMB 31 per tonne to close at RMB 3,451 per tonne, while the alumina price in Lianyungang has gained RMB 50 per tonne to reach RMB 3,415 per tonne. The alumina prices in Shandong and Shanxi have both scored RMB 40 per tonne to park at RMB 3,420 per tonne and RMB 3,440 per tonne, respectively. The alumina prices in Guizhou and Guangxi have both escalated by RMB 35 per tonne to rest at RMB 3,470 per tonne and RMB 3,520 per tonne. The alumina spot prices in Henan and Bayuquan have uniformly gather RMB 20 per tonne to close at RMB 3,440 per tonne and RMB 3,520 per tonne. The Shanghai Metals Market on April 22 has shown descending aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,530 per tonne...
LME aluminium opened at US$2,567 per tonne in the previous trading day, with its high and low at US$2,595.5 per tonne and US$2,542.5 per tonne, respectively, before closing at US$2,588 per tonne, up US$27.5 per tonne or 1.07 per cent. On Monday, April 29, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$23 per tonne or 0.89 per cent to settle at US$2,536 per tonne and US$2,536.50 per tonne. As per the LME data, both 3-month bid price and 3-month offer price dipped by US$19.5 per tonne or 0.75 per cent and US$19 per tonne or 0.73 per cent to clock at US$2,567 per tonne and US$2,568 per tonne. On the same day, December 25 bid price and December 25 offer price moved down by US$8 per tonne or 0.29 per cent to halt at US$2,680 per tonne and US$2,685...
According to official data released on April 27, 2024, industrial profits in China fell short in March and showed reduced growth for the quarter compared to the preceding two months. This raises concerns about the robustness of the recovery in the world's second-largest economy. In the first quarter, China's industrial firms saw a 4.3 per cent increase in cumulative profits, reaching RMB 1.5 trillion ($207.0 billion), as per data from the National Bureau of Statistics (NBS). This growth rate is slower compared to the 10.2 per cent rise observed in the initial two months of the year. In March, profits experienced a 3.5 per cent decline compared to the previous year. While the National Bureau of Statistics (NBS) didn't provide a breakdown of monthly figures for January and February, they...
Century Aluminum's ambitious proposal aims to revitalise the U.S. aluminium sector while aligning with the Biden administration's climate goals. However, the project's realisation hinges on securing sufficient renewable energy sources, presenting a critical juncture for Kentucky's economic and environmental future. The company's endeavour to reduce emissions and reliance on fossil fuels highlights the imperative for accessible clean energy. Kentucky's challenge lies in cultivating renewable energy infrastructure, a crucial factor in attracting and retaining large-scale industrial projects. Economic opportunities vs. energy transition The potential investment in Northeast Kentucky signifies a transformative opportunity for a region grappling with economic decline. However, the decision to...
Last week, on April 25th, the UK government made a significant announcement regarding the Deposit Return Scheme (DRS) for drinks containers. They revealed that the scheme's implementation would be postponed until October 2027. Alongside this postponement, DEFRA disclosed several decisions regarding joint registration and reporting, labelling requirements, reciprocal returns, deposit levels, minimum container sizes, and strategies to address low-volume sales. Furthermore, they reiterated that the scheme in England, Scotland, and Northern Ireland would not cover glass drink containers. This decision was made due to concerns about the complexity and associated handling costs of glass containers. What Tom Giddings said Commenting on the announcement, Tom Giddings, executive director of...
Discover the latest innovation in hydration as Mammoth Brands unveils Rippl Water, an eco-friendly marvel that redefines the way we drink. With a blend of sustainability, customisation, and premium quality aluminium cans, Rippl Water emerges as the epitome of responsible refreshment. Embark on a journey with Rippl Water, where entrepreneur Rob Hilton, with over three decades of industry prowess, spearheads a revolution in hydration. Under his creative helm, Mammoth Brands introduces Rippl Water, setting a new benchmark for eco-consciousness in the beverage industry. Mr Hilton exclaimed: "Rippl Water is not just about drinking; it's about making a statement with every sip." "Our aim is to offer a product that is both good for the planet and our customers by providing a customisable,...
The latest data on China's aluminum imports and exports suggest that the Country is becoming a conduit for the metal. China's imports of metal in Q1 were up by over 200 per cent compared to Q1 2023. With the open arbitrage window, bringing metal to China became quite profitable. AZ Global calculated that the typical yield was a profit of almost RMB 900/tonne. The principal suppliers of metal were Russia, India and Indonesia. Russia's role as a supplier of metal is plain to see - Russian imports were up 127 per cent to 394,000 tonnes. India's supply grew by an even bigger percentage. India recorded an almost 800 per cent growth to 80,000 tonnes. Although some Yunnan smelters were down during most of Q1, it's not as though China was in desperate need of metal. China's economy has been...
Nestled in the tranquil Nashik Valley of India, Sula Vineyards stands as a beacon of excellence, renowned for its exceptional wines and unwavering commitment to sustainable viticulture. Having said this, in a continued effort to sustainable packaging, the company also introduced many of its flagship wines in recyclable aluminium cans, showing its commitment towards lighter, more eco-friendly packaging solutions. Bagging the Gold-Level certification This unwavering commitment to ecological stewardship has propelled them to the forefront of global viticulture, earning them a coveted Gold-level certification from the International Wineries for Climate Action (IWCA) in Fiscal Year 2024 (FY24). Among the first ten wineries worldwide to achieve this honour, Sula's dedication to innovative...
Rusal, the world’s second-largest aluminium company by primary aluminium output, has announced its financial and operational results for the full year 2023 ended December 31. The company posted that its primary aluminium production totalled 3.848 million tonnes in 2023, representing a slight growth from the previous year. The company’s bauxite and alumina production increased significantly on an annual basis to 13.376 million tonnes and 5.133 million tonnes in 2023, up by 8.6 per cent and 13.8 per cent, respectively. Along with production, Rusal’s primary aluminium and alloys sales boosted 6.6 per cent year-on-year from 3.896 million tonnes to 4.153 million tonnes, driven by the release of excess inventory accumulated at the end of 2022. However, the growth in sales was offset by the...
