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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Following the United States' command to the Mexican government to prevent China from shipping metals to the US via its ports, Mexico has announced an increase in border tariffs on many types of aluminium and aluminium products imported from China. A week ago, United States President Joe Biden tripled the 7.5 per cent tariff on Chinese aluminium and steel imports to curb the rising flow of non-eco-friendly aluminium into China. In 2023, China's aluminium and steel exports to the United States were valued at US$1.7 billion. In response to the Mexican government's implementation of border tariffs on Chinese aluminium products, Charles Johnson, president & CEO of the Aluminium Association, said in a statement: "We appreciate this important first step by the government of Mexico to tighten...
The Aerosol Recycling Initiative, a collaboration between the Can Manufacturers Institute (CMI) and the Household and Commercial Products Association (HCPA), unveils its strategic white paper aiming to propel aerosol recycling in the US to new heights. By 2030, the initiative aims to boost the accessibility of aerosol recycling facilities to at least 85% of consumers and ensure that 90% of aerosol cans feature explicit recycling instructions. With nearly 4 billion aerosol containers purchased annually in the US, amounting to approximately 300,000 tons of steel or aluminium, this initiative holds significant environmental promise. CMI's senior vice president of sustainability, Scott Breen, addresses prevalent misconceptions surrounding aerosol can recycling. The campaign seeks to dispel...
On April 24-26, 2024, Inga Simonenko, Market Intelligence and Commercial Sustainability Director of Rusal Marketing GmbH was invited to speak at the 19th SMM Metal Industry Annual Conference in Chongqing, China, and share her insights on the current state of the aluminium market. In her speech, Simonenko stressed the importance of understanding the transformation of demand drivers of aluminium demand in a challenging market environment. It is noted that in 2023, demand for primary aluminium worldwide , excluding China, decreased by 3.7 per cent to 27.4 million tonnes, the lowest level since 2015-2016. In contrast, China experienced a 4.9 per cent increase in demand in 2023. Whilst the primary aluminium market ex-China has experienced a surplus of 1.6 million tonnes, lack of supply in...
Rio Tinto stands as a global leader in the aluminium industry, renowned for its commitment to innovation and sustainability. With a rich legacy spanning decades, Rio Tinto continues to spearhead transformative projects that redefine industry standards. In November 2023, Rio Tinto unveiled its ambitious plan to invest over $135 million in replacing the alumina conveyor at its prestigious aluminium smelter in Kitimat. This monumental investment marks a significant milestone, echoing Rio Tinto's unwavering dedication to excellence and advancement. Noteworthy figures graced the ceremony, including James Steer, Director of Asset Integrity and Projects; Jerome Pecresse, Chief Executive of Aluminium; Dominic Barton, Chairman at Rio Tinto; Phil Germuth, Mayor of District of Kitimat; Sebastian...
Economic research firm John Dunham and Associates has released its latest survey report, providing fascinating information about the market size and employment of the United States present aluminium industry. The study says the US aluminium industry directly employs more than 164,000 workers and contributes $92 billion in direct economic output. When indirect economic output is considered, the industry supports nearly 700,000 American jobs and generates $228 billion – nearly 1 per cent of the US GDP. These figures suggest the aluminium industry plays a crucial role in the US economy, providing vast employment opportunities. The particular aluminium sectors that create record employment in the US are recycling and semi-finished, especially sheet & plate. However, the closure of primary...
Can-One USA, a division of the Malaysia-headquartered can manufacturing company Can-One, has commenced operations at its newly established facility in the United States. The plant, which spans 180,000 square feet and is located in Nashua, New Hampshire, anticipates an annual output of two billion aluminium beverage cans. “The company saw North America – particularly New England – as a market with tremendous opportunity,” said Can-One USA’s general manager Alvin Widitora. It will produce various aluminium can sizes, catering to the preferences of craft brewers and smaller beverage producers. These include the popular 12oz (355ml) and 16oz (473ml) versions, which are particularly favoured among producers in the sparkling water, juice, and other functional beverage categories. Partnership...
China’s average alumina spot price has shown bullish trend for the past few days, with it securing RMB 28 per tonne today, to close at RMB 3,390 per tonne. The alumina prices in Guizhou and Guangxi have both risen by RMB 40 per tonne to close at RMB 3,395 per tonne and RMB 3,435 per tonne. The alumina prices in Shanxi and Bayuquan have gained RMB 30 per tonne to close at RMB 3,370 per tonne and RMB 3,430 per tonne. Also, Shandong and Lianyungang have marked a growth of RMB 20 per tonne to rest at RMB 3,360 per tonne and RMB 3,325 per tonne. In Henan, the alumina price has scored RMB 15 per tonne to park at RMB 3,400 per tonne. The Australian alumina FOB price has skipped US$10 per tonne upward to officially close at US$390 per tonne. Today, on April 26, the S MM A00 aluminium ingot price...
Alumtek Minerals (AM), an Australian-based company, has recently concluded extensive research and development focused on bauxite residue waste, also known as red mud. This endeavour has led to the creation of cutting-edge technology capable of extracting critical raw materials from this waste. AM has successfully developed a supplementary cementitious material (SCM) that meets the rigorous Australian Standard AS3582.4 through a collaborative effort with Cement Australia. This innovative material holds great promise in significantly reducing CO 2 emissions within the cement industry. Alumtek Minerals specialises in processing mining tailings, particularly bauxite residue . Leveraging proprietary technical methods, it is advancing commercialisation efforts to extract rare earth elements and...
A Kenyan electric bus company headquartered in Nairobi, BasiGo, has secured a substantial order for 500 buses from public service vehicle (PSV) operators in Nairobi. This significant influx of orders marks a monumental leap for the company, catapulting its bus sales to nearly 24 times their current volume. Jit Bhattacharya, the founder and CEO of BasiGo, expressed enthusiasm about the development, noting that the firm has already received deposits for the orders. Bhattacharya emphasized the company's commitment to promptly fulfilling these orders and delivering the buses to the buyers as expeditiously as possible. As per AL Circle's new industry-focus report - "Global ALuminium Industry Outlook 2024" , aluminium usage in the transportation sector stood at 27.5 million tonnes in 2023. The...
AMAG Austria Metall AG, the biggest company in the Austrian aluminium sector, announced its first quarter 2024 results, reporting an improvement in earnings compared to the fourth quarter of 2023. But compared to the same period last year, AMAG’s earnings in Q1 2024 saw a downtrend due to lower shipment volumes and aluminium prices. The company reported its Q1 revenue at EUR 335.8 million, down by 17.05 per cent from EUR 404.8 million a year ago. EBITDA was EUR 42.4 million, up from the previous quarter but down by 30.26 per cent from EUR 60.8 million during the corresponding period of the previous year. The company’s net income after taxes was EUR 13.3 million, also down by 50.37 per cent Y-o-Y from EUR 26.8 million tonnes. But amid the depleted Y-o-Y earnings, AMAG’s cash flow from...
LME aluminium opened at US$2,585 per tonne yesterday, with its high and low at US$2,612 per tonne and US$2,560.5 per tonne, respectively, before closing at US$2,571 per tonne, down US$13 per tonne or 0.5 per cent. On Thursday, April 25, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$1 per tonne or 0.03 per cent to stand at US$2,586 per tonne and US$2,586.50 per tonne. As per the LME data, both 3-month bid price and 3-month offer price gone up by US$11.5 per tonne or 0.44 per cent to clock at US$2,609.50 per tonne and US$2,610 per tonne. December 25 bid price and December 25 offer price gained uS427 per tonne or 1 per cent to settle at US$2,712 per tonne and US$2,717 per tonne. LME aluminium opening stock came in at 494875 tonnes. Live...
NALCO, a leading state-owned aluminium company, has forged a significant partnership with CSIR-NGRI to enhance geophysical research. This strategic collaboration defines NALCO's commitment to innovation and sustainable practices. The Memorandum of Understanding (MoU) between Khanij Bidesh India Ltd (KABIL) and CSIR-NGRI emphasises long-term collaboration in geophysical investigations. This partnership will bolster ongoing projects related to critical and strategic minerals. The agreement encompasses various aspects of geophysical, geochemical, and geological surveys. Additionally, it involves data analysis, interpretation, and modelling, facilitating informed decision-making in resource exploration. The signing ceremony , held at the NALCO Corporate Office in Bhubaneswar , signifies a...
For the eighth time, an international manufacturer of heat exchangers in the automotive sector has chosen the EV/CAB line from SECO/WARWICK. The first “Snake” battery coolers produced by this partner will be executed in SECO/WARWICK furnaces. This is the eighth CAB line, which will operate in the partner’s plants, and the second one, with a width of 2300 mm. This partner is an expert in components, subsystems, and system solutions for car thermal management. It provides energy-saving and high-performance products for regular petroleum and diesel-fueled cars and solutions for new electric vehicles. Piotr Skarbiński, the Vice President of the Aluminium Process and CAB Business Segment in SECO/WARWICK said, "Our EV/CAB line, designed specifically for the production of 'Snake' type battery...
From the tranquil fjords of Norway to the bustling markets of China, each region's aluminium giants have navigated through turbulent waters, propelled by innovation and strategic acumen. Let's find out how the industry giants are dealing with the sudden geopolitical changes resulting in global commodity trade disruptions. Also, in this article, we will revise all the noble initiatives taken by respective organisations to reduce operational emissions. Europe: Norsk Hydro's resolve amid fiscal headwinds In the heart of Scandinavia, Norsk Hydro stands as a beacon of stability amidst fiscal challenges. Despite a dip in Q1 2024 revenue, attributed to fluctuating aluminium prices and extrusion sales volumes, Hydro remains undeterred. Bolstered by increased EBITDA from renewable energy ventures...
Roberts Metal Packaging has proudly attained the esteemed AA+ rating, the highest possible standard, in packaging materials globally, as awarded by BRCGS (Brand Reputation through Compliance Global Standard). Achieving an AA+ rating signifies that all pre-threaded screw-caps, godets, and aluminium and tinplate containers from them are guaranteed top quality, compliant with legal standards, and genuine, ensuring customers' and manufacturers' peace of mind. About the AA+ rating This accolade, earned through a rigorous unannounced audit, solidifies the Thamesmead site's position among the elite suppliers in the packaging industry. For the past 25 years, the BRCGS Packaging Materials Global Standard has served as the gold standard for assessing packaging materials, with over 22,000 sites...
According to a Reuters report, Vedanta Limited expects 2.3 to 2.4 million tonnes of aluminium production in FY2024-25. By the third quarter of FY2024, Vedanta produced 1.772 million tonnes of aluminium, a 3 per cent rise year-on-year and the highest-ever output . In Q3 alone, Vedanta’s aluminium production was 599,000 tonnes, up by 6 per cent Y-o-Y and 1 per cent Q-o-Q. According to Reuters, Vedanta has also anticipated aluminium production cost for the financial year 2024-2025 at $1,625 to $1,725 per tonne. According to the 3QFY2024 results, Vedanta’s revenue during the particular period was INR 34,968 crore, up by 4 per cent Q-o-Q and Y-o-Y, driven by higher sales volume and favourable output commodity prices. The company’s EBITDA during the said period was INR 8,677 crore, up by 21 per...
The Indian primary aluminium producer, BALCO, has introduced its inaugural Bogie Open Bottom Rapid Discharge (BOBRNHSM2) Rake into its operations. This milestone signifies another stride towards fostering an effective and sustainable supply chain for acquiring vital raw materials. BALCO is part of Vedanta’s Aluminium Business, a division of Vedanta Limited, India’s largest aluminium manufacturer. However, this strategic incorporation will streamline the transportation of coal supplies via rail, eliminating the requirement for approximately 120 trucks per rake and greatly amplifying operational efficiency. Part of the Indian Railways' General Purpose Wagon Investment Scheme (GPWIS), this initiative focuses on enhancing the distribution of coal resources to improve the domestic supply chain...
Vedanta Aluminium, India's leading aluminium producer, recently hosted AutoEdge 2024, a pivotal industry conclave focusing on the automotive sector, in New Delhi. Aluminium, pivotal for modern transportation, has emerged as a crucial raw material in automotive manufacturing. The event showcased expert-led sessions outlining the sector's future trajectory and aluminium's integral role in its evolution. It served as a platform for forging new collaborations and exploring innovative avenues. About the event Commenting on the event, Mr John Slaven, CEO of Vedanta Aluminium, said, "We offer our customers in the automotive industry an unmatched combination of advantages: global expertise, cutting-edge technology, customised alloys, ease of doing business, a reliable supply chain and most...
