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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European aluminium foil demand experienced a slower trend through 2023 than in 2022, resulting in a double-digit fall in the year's final quarter, according to the figures just released by the European Aluminium Foil Association (EAFA). The entire 2023 reflected a unique circumstance of high stock levels and weak demand for aluminium as high prices and interest rates forced end-consumers to limit their metal purchase. It directly affected foil in packaging and household goods in particular. According to EAFA survey, sluggish demand for European foil led to a 14.6 per cent year-on-year decline in shipments from 973,000 tonnes in 2022 to 831,700 tonnes in 2023. Thinner gauges, primarily used for flexible packaging and household foils, were neither left untouched by the sluggish market and...
To bolster Vietnam's aluminium sector, the Vietnam National Coal and Mineral Industries Group (Vinacomin) sets its sights on two exploration initiatives and five bauxite-alumina-aluminium projects in the central province of Đắk Nông. With an impressive investment projection exceeding VNĐ182 trillion (US$7.3 billion), Vinacomin's strategic focus gravitates towards the expeditious realisation of the Đắk Nông 2 aluminium electrolysis plant project by 2030. Foreseeing substantial growth, Vinacomin anticipates an annual aluminium production ranging from 0.7 to two million tonnes by 2030, augmenting revenue to VNĐ49.5 trillion and injecting VNĐ8.4 trillion into the State's coffers, thereby fortifying the local economy and fostering employment opportunities for 4,000 individuals. Looking ahead...
EverestLabs, a leading robotics supplier headquartered in Fremont, California, has released a recent report shedding light on the fate of recyclable materials at Material Recovery Facilities (MRFs). According to their findings, approximately 27 per cent of aluminium cans, PET, HDPE, and PP collected at MRFs are disposed of rather than recycled. This data stems from a comprehensive analysis conducted over two years, during which EverestLabs gathered sample data from MRFs across its customer base. The study focused on estimating the yield loss at the MRF level across different material streams. About the findings The scale of the problem becomes even more apparent when we consider the extrapolation of the sample results. The data was collected from the 'last-chance' lines of single-stream...
On April 24, 2024, the London Metal Exchange (LME) took action to prevent traders from exploiting rule changes by prohibiting taking Russian aluminium from its approved warehouses and returning it for profit. Earlier this month, the US and Britain prohibited the London Metal Exchange (LME) from accepting new Russian production of aluminium , copper, and nickel. The move is intended to decelerate Moscow's financial situation concerning the Ukraine-Russia geopolitical crisis. The London Metal Exchange has implemented a prohibition on Russian aluminium , copper, and nickel generated after April 13 in adherence to sanctions imposed. LME regulations prior to April 13 distinguished between two types of Russian warrants, Type 1, and Type 2. This allowed for profitable "rent deals" by enabling...
Hi-MO X6 solar panels have joined forces with OneSky Aluminum, illuminating the path toward a sustainable future for the aluminium industry in the Philippines. This dynamic collaboration not only enhances operational efficiency but also signifies a pivotal shift toward renewable energy sources. In the heart of the Philippines, OneSky Aluminum, a prominent player in the non-ferrous metal industry, has begun a transformative journey fuelled by solar power. Recognising the environmental imperative and the need for sustainable energy solutions, OneSky Aluminum has embraced the cutting-edge Hi-MO X6 solar panels across its sprawling factory rooftops. Renewable efficiency unleashed: Hi-MO X6 in action With a relentless commitment to efficiency, OneSky Aluminum has installed 1.3 MW of Hi-MO X6...
Norsk Hydro's first quarter CY2024 report, released on Wednesday, April 24, highlighted a challenging financial performance attributed to depreciated aluminium sales prices, lower aluminium extrusion sales volumes, and lower recycling margins. The company's revenue was generated at NOK 47,545 million during Q1 2024, compared to NOK 48,534 million a year ago. That recorded a downfall of 2 per cent year-on-year. Adjusted EBITDA registered a slump of 28 per cent Y-o-Y from NOK 7,525 million to NOK 5,411 million. Besides the aforementioned factors , higher fixed costs also negatively impacted Hydro's fiscal results. Adjusted EBITDA from Hydro Extrusions fell sharply by 35 per cent Y-o-Y from NOK 2,223 million to NOK 1,437 million, particularly owing to muted demand in the residential and...
LME aluminium opened at US$2,580 per tonne in the previous trading day, with its high and low at US$2,614.50 per tonne and US$2,563 per tonne respectively before closing at US$2,584 per tonne, up US$8 per tonne or 0.31 per cent. The London Metal Exchange graph registered slow growth in aluminium prices on April 24, with the LME aluminium cash bid and the LME aluminium official price gaining US$2 per tonne or 0.08 per cent and US$0.50 per tonne or 0.02 per cent to close at US$2,585 per tonne and US$2,585.50 per tonne, respectively. On a Year-on-Year scale, there can be seen a major spike of US$231 per tonne or 9.8 per cent from US$2,585.50 per tonne recorded on April 24, last year. Recent developments in the global metals market have seen the UK and the US implement sanctions on Russian...
On Thursday, April 25, China's average alumina spot price experienced a significant increase, soaring by US$28 per tonne to settle at RMB 3,362 per tonne. This was followed by a surge of RMB 40 per tonne in Bayuquan, reaching RMB 3,400 per tonne. This upward trend is noteworthy, as it marks a M-o-M increase of RMB 44 per tonne from RMB 3,318 per tonne recorded on March 25. As per the data, Y-o-Y, the price has gained RMB 464 per tonne from RMB 2,898 per tonne. The price changes in different regions of China further highlight the dynamic nature of the alumina market. In regions like Shandong and Shanxi, the alumina prices have ascended by RMB 30 per tonne to arrive at RMB 3,340 per tonne. Similarly, the prices in Henan and Guangxi have expanded by RMB 30 per tonne to peg at RMB 3,385 per...
This week, India's imported aluminium scrap market saw a notable uptick, buoyed by the positive trajectory of LME futures prices, which surged by $50 per tonne week-over-week (W-o-W) to hit $2600 per tonne. As of the latest report, the three-month LME price stood at approximately $2,600 per tonne, reflecting a 2.5 per cent increase from the previous week's $2,550 per tonne. Concurrently, stocks were recorded at 500,000 tonnes, marking a 3.4 per cent decrease week-over-week. Sanctions pushed aluminium prices upwards The surge in aluminium prices on the commodity exchange market during the week can be attributed to the sanctions imposed by the US and UK on Russian metals, alongside concerns of supply chain disruptions stemming from ongoing geopolitical tensions. As one of the key players in...
RUSAL, one of the world's largest aluminium producers, has successfully supplied rolling slabs containing recycled content to a longstanding partner. This supply comes in response to increasing demand for sustainable aluminium products, particularly within the food and beverage sector. The Company's largest aluminium smelter, Krasnoyarsk (KrAZ), recycled a batch of aluminium scrap for the first time in its 60-year history. The end-of-life scrap was molten and blended with liquid metal from the primary aluminium production process. After the casting process, the rolling slab was delivered to one of RUSAL's longstanding partners and successfully processed. The recycled content, treated and processed by RUSAL, ensures no compromise on product quality. Matthias Ohlmer, the Global Product...
At the heart of Carlson AirFlo's products lies anodised aluminium, meticulously crafted to optimise energy usage. With unparalleled conductivity properties, this material acts as a thermal conductor, preserving the freshness of products within refrigerated cases. Suellen Lindsay, AirFlo's astute marketing manager, marks the significance of this innovation, noting how it minimises energy consumption and extends shelf life, ultimately reducing waste at the store level. "This allows the refrigeration cases to maximise energy efficiency. Because of the thermal properties of aluminium, it reduces shrink, allowing fresh product to maintain its shelf life, reducing the need to discard at store level." Unlike conventional materials, anodised aluminium boasts corrosion resistance and stability,...
Established in 2018, Hasten Extrusions Pvt. Ltd., a premier manufacturer renowned for excellence in aluminium extruded sections, has been successfully onboarded by AL Biz, one of the world's first B2B markets for the global aluminium sector. AL Biz is a pioneering worldwide platform that facilitates transactions between several buyers and sellers operating within the aluminium value chain. The organisation's primary function is to simplify the connection between customers and merchants via searches conducted on listed items and business prospects. About Hasten Extrusions Nestled in Khandiwada Village along the Vadodara-Halol expressway, merely 35 km from the bustling city of Baroda/Vadodara in Gujarat, Hasten Extrusions has two cutting-edge extrusion presses boasting capacities of 1100...
Norsk Hydro, a Norwegian aluminium and renewable energy company, has reportedly planned to invest NOK 180 million in developing a state-of-the-art aluminium scrap sorting facility at its recycling plant in Wrexham, UK. As per the report, the facility will be able to source and sort over 30,000 tonnes of aluminium scrap and will be built next to Hydro’s aluminium extrusion ingot recycling plant. Barry Salisbury, Hydro’s plant manager in Wrexham, said: “This new facility enables us to optimally sort a large variety of post-consumer scrap grades that are mainly exported out of the UK today, before continuing to the next step of the recycling process. This is an essential improvement in material flow that allows us to meet the increasing demand for low-carbon aluminium that we see...
The landscape of reusable insulated flasks and containers is on the verge of transformation, as the Ministry of Commerce and Industry prepares to enforce a mandatory Bureau of Indian Standards (BIS) certification starting June '24. This directive is poised to reshape the industry dynamics, impacting both large incumbents and smaller players alike. Come June '24, retail and e-commerce platforms may witness a shift in the availability of copper, stainless steel, and aluminium water bottles, as compliance with BIS standards becomes imperative. Presently, a significant portion of these products is imported, with minimal local manufacturing infrastructure in place. This impending mandate necessitates a strategic re-evaluation for industry leaders like Cello, Milton, and Prestige, prompting...
Southeastern European nation Montenegro's energy ministry said it had opened a tender to award a concession for the exploration and exploitation of red bauxite in the western municipality of Niksic. The ministry said in a tender invitation on April 22 that the concession area covers some 6.443 million square metres near the village of Kuta within the Vojnik-Maganik ore region. If the percentage of iron oxide in a bauxite sample is higher, it is called red bauxite. The concession period will be determined based on the estimated reserves of red bauxite, annual exploitation capacities, and market demand, with a maximum duration of 30 years, as stated in the document. Prospective bidders are required to provide a bank guarantee of 20,000 euros ($21,300). The deadline for bid submissions is...
Stephen Roach, the former Chairman of Morgan Stanley, Asia, has publicly pronounced "Hong Kong is over." Roach, now an analyst focusing on the economy of the former British Crown Colony, which is presently a special administrative zone of China, highlights Law 23 as its primary concern. This law subjects Hong Kong to stringent Chinese security measures and criminalises even verbal criticism of Beijing or the government. Once a thriving metropolis in Asia, Hong Kong is mired in deep pessimism as a profound malaise takes root. Hong Kong's famous stock market languishes in stagnation while housing prices plummet, and an exodus of talent exacerbates the brain drain in both scientific and economic sectors. Many upscale establishments, including restaurants, bars, spas, and shopping malls, have...
Dr Sitaram Jindal, an esteemed visionary in philanthropy and healthcare, was honoured with the prestigious Padma Bhushan Award by the President of India at a ceremony held at Rashtrapati Bhavan in New Delhi. This event, attended by the Prime Minister and esteemed dignitaries, marked a significant recognition of Dr. Jindal's outstanding contributions to society. Born on September 12, 1932, in the tranquil village of Nalwa, Haryana, Dr. Sitaram Jindal's life journey is profoundly inspirational. Beyond his entrepreneurial prowess as the founder and Chairman of Jindal Aluminium Limited (JAL), India's largest aluminium extrusion manufacturer, his vision transcends mere business. Dr Jindal has garnered admiration from esteemed figures, including former Prime Ministers like Atal Bihari Vajpayee,...
Vedanta Aluminium, India’s largest aluminium producer, has started deploying a greener fuel mix composed of biomass briquettes for renewable energy source at its world-class alumina refinery in Lanjigarh, Odisha. The company currently uses 20 tonnes of the new fuel mix per day as a significant move towards achieving Net Zero Carbon by 2050 or sooner. Biomass briquettes are a biofuel substitute made of biodegradable green waste with lower emissions of greenhouse gases and carbon dioxide than traditional fuel sources. So, using this new fuel mix will help Vedanta decrease greenhouse gas emissions from its refinery by more than 10,000 tonnes of CO2 equivalent each year. In addition, shifting to this fuel will also reduce the company’s reliance on fossil fuels. “As India works towards...
