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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Enfinity Global, a trailblazer in renewable energy, recently achieved a significant milestone by securing ¥29.2 billion ($195 million) financing for a solar power project in Japan. This innovative endeavour, nestled in the picturesque Aomori Prefecture, promises to revolutionise Japan's energy landscape while championing sustainability and innovation. Enfinity Global, renowned for its commitment to clean energy solutions, has unveiled a monumental achievement in the form of a 70 MW solar power plant in Aomori Prefecture, Japan. Nomura Securities and Aozora Bank orchestrated the financial orchestration, signalling a paradigm shift towards renewable energy investments. The recently completed solar power plant is poised to generate over 75 GWh of clean energy annually. This substantial...
In the wake of the Western countries' ban on Russian aluminium, aluminium producers from the Gulf Cooperation Council expect their exports to increase to the United States and European markets. This anticipation is based on the new sanctions package imposed by the United States and the United Kingdom against Russia-made aluminium. The LME and CME also recently announced that they would rule out Russian aluminium produced on or after April 13 in a bid to limit the metal's trade on global exchanges. In this situation, GCC market analysts have identified a unique opportunity for the region to expand its international trade. Zaid Aljanabi, a principal analyst covering primary and secondary aluminium at CRU, stated, "There are more opportunities for GCC producers to gain market share with the...
The Aluminium Stewardship Initiative (ASI) is a collaborative effort within the aluminium sector to advance sustainability across the entire value chain. ASI certification serves as a testament to the commitment of both aluminium producers and users to uphold high standards in social responsibility, environmental stewardship, and ethical practices, ensuring mutual benefits for all involved stakeholders. On Monday, April 29, ASI announced the joining of Asist Alüminyum Profil San. ve Tic (Asistal) as the new Production & Transformation member. As a leading global manufacturer, they operate in 40 countries across the Balkans, Europe, the Middle East, and Central America, enriching lives since 1994. The state-of-the-art production facilities span over 50,000 m² outdoor area, with an...
The Australian mining and exploration company Metro Mining Limited has announced that its Offshore Floating Terminal (OFT), Ikamba, smoothly departed from Weipa on April 25 th and successfully completed its mobilisation to Skardon River. On April 28 th , Ikamba commenced cargo operations, loading bauxite onto the capesize vessel, Jewel, positioned just eight nautical miles offshore. The OFT Ikamba stands as a cornerstone of Metro's ambitious expansion project, elevating its capacity to 7 million wet metric tonnes (WMT) and effectively tripling its potential transhipping throughput. This strategic addition not only bolsters the resilience of the Bauxite Hills Mine operation but also facilitates faster vessel loading, accommodating even larger vessels of up to Newcastlemax size (220,000...
Edinburgh's beloved microbrewery, Cold Town Beer, has embarked on an exciting journey of rebranding across its flagship and experimental craft beer lineup. Responding keenly to consumers' desires, the brewery now presents its brews in larger and bolder aluminium cans, reflecting a commitment to delivering a standout experience. This fresh identity isn't just about aesthetics; it's a narrative woven into every sip. The redesigned aluminium cans serve as a canvas, illustrating the brewery's rich history and progressive mission. Delving into the roots of the brand, one discovers its origins in the Carlton, or 'Cauld Toon', district of Edinburgh, where the very first lager in Britain was crafted back in 1835. In developing countries, the inclination towards aluminium beverage cans is on the...
LME aluminium opened at US$2,572.5 per tonne in the previous trading day, with its high and low at US$2,600.5 per tonne and US$2,555.5 per tonne respectively before closing at US$2,560.5 per tonne, down US$10.5 per tonne or 0.41 per cent. The London Metal Exchange graph on April 26, showed a decline in aluminium prices, with the LME cash bid price locking at US$2,559 per tonne, with a loss of US$27 per tonne or 1.04 per cent and the LME official price settling down at US$2,559.50 per tonne, incurring a similar plunge. The 3-month bid price and the 3-month offer price have both slumped by US$23 per tonne or 0.88 per cent to close at US$2,586.50 per tonne and US$2,587 per tonne, respectively. The 25 December bid price and the 25 December offer price both have negated US$24 per tonne or 0.88...
Sanjeev Sanyal, a member of India's Economic Advisory Council to the Prime Minister (EAC-PM), emphasised that while stagflation in the US isn't inevitable, it's a prospect India must carefully weigh. Stagflation characterises an economic state marked by a trifecta of high or increasing inflation, slowing economic growth, and steadily high unemployment. It presents a dilemma for monetary policy since actions intended to lower inflation may exacerbate unemployment. Inflation in the United States surged to its highest level in a year, reaching 3.4 per cent from January to March, a notable increase from the 1.8 per cent recorded in the previous quarter. An Indian economist and celebrated historian, Sanjeev Sanyal has played a pivotal role as a member of the Economic Advisory Council to the...
On Friday, April 26, Rusal said in its annual report that Glencore, a Swiss multinational commodity trading and mining company, bought aluminium from the Russian producer worth $1.06 billion in 2023 as part of a long-term contract. Glencore purchased Rusal’s aluminium, withstanding much pressure not to buy Russian metals. Western countries have been shunning Russia-made aluminium since the beginning of geo-political crisis between Ukraine and Russia in 2022. But there are no sanctions imposed by the western countries particularly against Rusal. The $16 billion aluminium purchase contract between Rusal and Glencore is scheduled to expire in 2025, and according to a report in March 2024, Glencore is unlikely to renew the contract . However, Glencore declined to comment on Friday whether...
On Monday, April 29, the average alumina spot price gained RMB 30 per tonne to settle at RMB 3,420 per tonne. The alumina prices have shown growth in all the provinces, with the highest in Bayuquan, where it has hiked by RMB 70 per tonne to arrive at RMB 3,500 per tonne, followed by an upward movement of RMB 50 per tonne in Guangxi, where it settled at RMB 3,485 per tonne. In Guizhou and Shanxi, the alumina prices have expanded by RMB 40 per tonne and RMB 30 per tonne to stand at RMB 3,435 per tonne and RMB 3,400 per tonne. As per the SMM data, in Shandong and Henan, the alumina price has added RMB 20 per tonne to arrive at RMB 3,380 per tonne and RMB 3,420 per tonne. A00 aluminium ingot price On the same day, China’s A00 aluminium ingot price ascended by RMB 160 per tonne to RMB 20,590...
The owners of barges at Goa's Mormugao Port call on the authorities to reopen the port and resume handling the bauxite cargo. Mormugao Port Authority (MPA) is a venerable port nestled along the western shores of India within the picturesque state of Goa. Established in 1885, it occupies the historic grounds of a natural harbour and boasts a legacy as one of India's earliest maritime hubs. Barge owners are urging authorities to intervene and redirect cargo back to Mormugao Port instead of diverting it to Jaigarh Port. Raymond Desa, former President of the Goa Barge Owners Association, confirmed that Hindalco, the principal company transporting Bauxite Cargo, has already rerouted a ship to Jaigarh Port. Jaigarh Port, also known as Jaigad Port, is an all-weather, multipurpose port in...
The aluminium downstream sector plays a critical role in the processing and utilization of aluminium, a versatile and lightweight metal with a wide range of applications. In 2024, the forecast for the downstream aluminium sector presents a blend of challenges and opportunities. The looming possibility of a global economic slowdown could potentially diminish demand for aluminium products across diverse sectors, consequently affecting downstream producers. Despite the prevailing economic slowdown, specific sectors such as construction, transportation (particularly electric vehicles and aerospace), and packaging are anticipated to sustain growth in demand for aluminium, stimulating downstream activity. While the construction industry may face a subdued market at the year's onset, optimism...
On Earth Day, a new drop-off point was unveiled at 1301 Beaubien St. in Rosemont-La Petite-Patrie, offering a convenient way to recycle aluminium cans and bottles. This Consignaction Centre, the first of many planned for Montreal Island and across the province, is equipped with recycling machines and staffed with knowledgeable personnel. It's a hassle-free way to instantly exchange your bottles and cans for cash. The modernisation of Quebec's deposit-refund system means an increase in the number of accepted containers for recycling, with nearly 2.5 billion containers expected to be included. Plans are underway to expand the acceptance to a staggering five billion containers by March 1, 2025. Consignaction has already established a larger centre in Granby, catering to approximately 250...
Denmark launched a significant offshore wind tender this week, potentially granting up to 10 GW of capacity. This could cover the nation's electricity needs and pave the way for producing renewable hydrogen and other eco-friendly fuels. The effectiveness of the auction's design in attracting investors and fulfilling such substantial capacity remains to be observed. Presently, Denmark boasts nearly 3 GW of offshore wind capacity. With the launch of the new Danish offshore auction, the goal is to integrate an additional 6 GW of offshore wind power into the grid. The auction will encompass six wind farm areas: three in the North Sea, two in the Kattegat, and one in the Baltic Sea. Developers are allowed to install a greater wind capacity in their designated areas than initially outlined by...
China's alumina market has struggled since it launched on the China Futures Exchange about a year ago. But it is now finding some momentum, and the funds have entered the game with some strength. This week, the market saw a significant boost as funds stepped in, pushing the price to around RMB 3800/t. This price increase should encourage and motivate producers. Producers are delighted, and everyone is running to the maximum they can. Ore supply continues to be the issue. The shortage of domestic material is forcing some refineries to increase their use of imported ore. That, in turn, is leading buyers to be cautious, given some properties are drifting from the norm. Strong demand, regional supply weakness, and the funds' involvement are a recipe for higher alumina prices in the coming...
From strategic partnerships to regulatory measures, the aluminium industry is navigating a landscape defined by innovation, sustainability, and geopolitical dynamics. The global aluminium sector stands at a crossroads, where innovation, collaboration, and regulatory diligence intersect to shape its trajectory. From strategic partnerships to regulatory interventions, stakeholders across the industry are navigating a dynamic landscape defined by challenges and opportunities. As the sector evolves, resilience, sustainability, and strategic foresight will be paramount in driving growth and prosperity in the aluminium industry. Regulatory response to geopolitical tensions: LME's sanctions compliance measures Amid geopolitical tensions involving Russia and Ukraine, the London Metal Exchange...
Constellium, the Paris-based aluminium producer, navigated through the challenges of the first quarter of 2024, showcasing resilience amidst a backdrop of varied market demands and weather adversities. Despite a decline in shipments and revenue, the company's strategic investments and operational endeavours highlight its commitment to sustainable growth and market leadership. In the first quarter of 2024, Constellium reported a 2 per cent decrease in shipments, amounting to 380,000 metric tons, alongside a 12 per cent revenue reduction to 1.7 billion euros (approximately $1.82 billion). Net income stood at 17 million euros ($18.2 million), compared to 22 million euros ($23.6 million) in the corresponding period of 2023. Adjusted EBITDA reached 137 million euros ($146.8 million), with...
Montreal-headquartered Deep Sky, a specialist in carbon removal projects, and Carbfix, a pioneer in CO 2 mineral storage solutions, have joined forces to investigate the feasibility of CO 2 mineral storage in Canada. A preliminary study assessing Quebec's reservoirs for CO 2 mineral storage is set to be completed by June. The research entails analysing geological and geochemical data from underground sources and conducting laboratory investigations on ultramafic rock formations found in various areas throughout Québec. This collaborative effort aims to evaluate the geophysical characteristics of these rocks, including porosity and permeability, to determine their reactivity and identify suitable sites for injection and monitoring wells. The gathered data will assess the feasibility of...
In tandem with the LME aluminium price drop from where it began this week, National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices, with effect from Friday, April 26. NALCO has cut its aluminium ingot and aluminium product prices by INR 5,200 per tonne from April 20. Thus, the company’s aluminium ingot price has derived at INR 252,150-255,650 per tonne as of April 26. Currently, NALCO’s aluminium wire rod and aluminium billet prices span a range of INR 261,150- 265,500 per tonne and INR 256,600-259,250 per tonne, respectively. Following a continuous growth from April 17 to April 22, reaching US$2,654 per tonne, the LME aluminium benchmark price trended down to stand at US$ 2,586.50 per tonne in the subsequent week. Hindalco and Vedanta’s...
