The United States discards more than USD 1 billion worth of aluminium cans into landfill each year even as it pays record prices to import the metal, according to Greyparrot, the London-based developer of AI-powered waste intelligence. The company says the lost cans represent about 11 million megawatt-hours of wasted energy annually. Data from Greyparrot’s Analyzer systems running above the sorting line at Circular Services’ Sunset Park material recovery facility (MRF) in Brooklyn, New York, shows that 89 per cent of aluminium is recoverable once it reaches the belt. The facility processes roughly 91,000 cans per day—about 514 tonnes per year—and recovers nearly nine in ten of the cans that cross its sorting lines. Greyparrot says its findings, timed for Climate Week NYC (20–27...
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...
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The London Metal Exchange graph registered growth in aluminium prices on April 22, with the LME aluminium cash bid and the LME aluminium official price gaining US$8 per tonne or 0.3 per cent and US$8.50 per tonne or 0.32 per cent to close at US$2,653 per tonne and US$2,654 per tonne, respectively. On a Month-on-Month paradigm, there has been a massive upsurge of US$407.50 per tonne or 18.14 per cent from US$2,246.50 per tonne recorded on March 22. The LME 3-month bid price and the LME 3-month offer price have marked an increase of US$5.50 per tonne or 0.2 per cent to settle at US$2,660 per tonne and US$2,660.50 per tonne. The LME 25-December bid price and the 25-December offer price have declined by US$17 per tonne or 0.62 per cent to officiate at US$2,725 per tonne and US$2,730 per...
On Tuesday, April 23, China’s A00 aluminium ingot price dwindled by RMB 420 per tonne to settle at RMB 20,270 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan and Gongyi have contracted by RMB 430 per tonne and RMB 420 per tonne to halt at RMB 20,220 per tonne and RMB 20,210 per tonne. On the same day, the prices in Wuxi and Hangzhou have nosedived by RMB 400 per tonne to arrive at RMB 20,270 per tonne, followed by a downfall of the same amount in Hangzhou to settle at RMB 20,240 per tonne. In Linyi and Tianjin, the domestic aluminium ingot prices have decreased by RMB 410 per tonne and RMB 400 per tonne, settling at RMB 20,330 per tonne and RMB 20,270 per tonne. In Shenyang, the price...
Ducab Metals Business (DMB) has made a vital effort forward in its expansion strategy with the acquisition of GIC Magnet, a move aimed at broadening its product range and global footprint. This strategic move aligns with DMB's vision to diversify its offerings and penetrate international markets, bolstering its position as a key player in the industry. The acquisition of GIC Magnet augments DMB's downstream product portfolio with a diverse range of industry verticals, including hardware and transport sectors. This strategic synergy positions DMB to efficiently serve the emerging market demands and solidify its presence globally. DMB enhances its product line with the acquisition of GIC Magnet, expanding its offerings in copper and aluminium strips for key sectors like automobiles,...
In commemoration of Earth Day, MATBUS is once again rolling out its commendable initiative, urging passengers to trade in a token of goodwill for a ride. From April 22nd to 27th, hop aboard by simply donating an aluminium can. This act not only symbolises environmental consciousness but also contributes to a greater cause. In 2023, this noble gesture amassed a remarkable 163 pounds of aluminium cans, with the recycling proceeds generously benefiting the Homeward Animal Shelter. MATBUS, the lifeline of the Fargo, North Dakota, and Moorhead, Minnesota Metropolitan Area, stands as an epitome of sustainability. Beyond just facilitating transportation, MATBUS embodies a commitment to reducing carbon footprints and fostering eco-friendly practices. Did you know that a single MATBUS vehicle,...
Polestar , the renowned electric car manufacturer, is venturing into the handheld device realm with its inaugural AI smartphone crafted from aerospace-grade aluminium and crystal-polished glass. The grand unveiling is slated for April 23rd, 2024, in China, coinciding with the debut of the concept car Synergy, all set to unfold at the prestigious Polestar Brand Night event. Polestar has taken to Weibo to entice its audience with a series of sneak peeks unveiling the much-anticipated AI smartphone. So far, the glimpses reveal a device designed with meticulous attention to detail. The frame, elegantly rounded at the edges, is crafted from NP66 aerospace-grade aluminium, renowned for its shockproof properties. This ensures durability even in the event of accidental drops. This choice of...
The European Union (EU) can bolster its recycling objectives by utilising waste generated during the production of aluminium, nickel, and other industrial materials. Recognising these challenges, a team of researchers secured funding from the EU to address the issues surrounding red mud. Their project, named RemovAL, spanned five years until April 2023. Their innovative solution involved repurposing bauxite residue to pave roads, exemplified by the project's implementation at the Aughinish aluminium refinery. In Limerick, Ireland, nestled within the confines of a former aluminium refinery, lies a pioneering initiative set to reshape Europe's approach to waste management. About RemovAl RemovAl is a EU-funded cooperation project about removing waste from the primary aluminium and alumina...
Prime Minister of Australia Anthony Albanese announced the funding of A$400 million for a high-purity alumina processing factory in Gladstone, as part of its pledge to give out $600 million in loans to develop the market for two critical mineral projects. The news came after Mr Albanese made the announcement alongside Resources Minister Madeleine King at a media conference on Wednesday, April 17. The fund will be provided to Alpha HPA, an Australian company specialised in producing ultra-high purity alumina and related premium aluminium materials, via two separate agencies. The Northern Australian Infrastructure Facility and Export Finance Australia's (EFA) A$4 billion critical minerals facility will offer A$160 million each and A$ 80 million jointly. Alpha HPA will utilise the fund in...
By taking an unexpected turn from its original logo, Coca-Cola introduces 'Recycle Me,' an innovative global out-of-home advertising initiative. Leveraging the universally recognised red-and-white emblem, the campaign aims to inspire recycling by portraying the Coke logo in a crumpled, recycled aluminium can aesthetic. Unlike conventional digital manipulation, Ogilvy, the creative force behind 'Recycle Me,' opted for an analogue approach. Employing mechanical presses and vacuums, actual Coke cans were crushed to craft unique, authentic visuals for each outdoor advertisement. This painstaking process infuses the campaign with an unparalleled sense of grounded authenticity, resonating deeply with viewers. Beyond its marketing appeal, 'Recycle Me' highlights Coca-Cola's commitment to...
A recent study led by researchers from UCL - The Bartlett School of Sustainable Construction found that 19 out of 34 surveyed countries fell short of fulfilling their climate commitments established in Copenhagen 15 years ago by 2020. A recent study featured in Nature Climate Change examined the net carbon emissions of over 30 nations compared to the emission reduction targets they committed to during the Copenhagen Climate Summit in 2009. Conducted by a team of researchers from UCL and Tsinghua University, this paper represents the inaugural attempt to thoroughly assess the extent to which countries fulfilled their emission reduction promises outlined in their Nationally Determined Contributions from COP15. Nature Climate Change is dedicated to publishing the most significant research...
In a resplendent unveiling, Carlsberg Kazakhstan recently inaugurated its illustrious $50 million production hub in Almaty. This avant-garde facility signifies a profound investment in the burgeoning Kazakh beverage landscape. Carlsberg Kazakhstan's new facility promises to be a catalyst for economic prosperity. This visionary venture is anticipated to create employment opportunities for a legion of skilled workers, embarking on a journey to reshape the local workforce landscape. Elevating capacity and sustainability With a steadfast commitment to excellence, the facility is set to elevate production capacity, catering to both alcoholic and non-alcoholic beverage markets, approximately 2.3 mn hectoliters to 3 mn hectoliters annually. The plans indicate there will be an increase in the...
In tandem with the enthusiastic buying and selling activities of the aluminium downstream processing enterprises since the beginning of March, owing to the arrival of the traditional peak season, aluminium ingot inventories showed signs of decline at the end of March, as was predicted by SMM earlier. However, due to the rally of Chinese domestic aluminium prices, primarily from the beginning of April, aluminium ingot destocking took a back seat. The downstream activities also slowed down during the three-day holiday for the Qingming Festival, which also inhibited aluminium ingot destocking. The trend goes on But the inventories only grew week-on-week in early April and remained low than the previous year. For instance, on April 8, SMM found the inventories across China’s eight major...
Every year on April 22 nd , people worldwide celebrate Earth Day, a momentous occasion dedicated to environmental awareness and action. It serves as a reminder of our collective responsibility to protect and preserve the planet for future generations. This Earth Day, as we reflect on the impact of human activity on the environment, it is imperative to recognise the crucial role of sustainable materials in mitigating ecological damage. Aluminium is a leading sustainable material renowned for its versatility, durability, and recyclability. Aluminium has emerged as a cornerstone of modern civilisation with its myriad applications across various industries. However, beyond its functional prowess, aluminium's environmental credentials truly set it apart as the most sustainable material on the...
In a bold move to redefine the future of electric vehicles (EVs), Nissan Motor announces its strategic venture into solid-state battery production, poised to revolutionise the automotive industry. Leveraging cutting-edge technology and aluminium casting prowess, Nissan aims to outpace rivals and spearhead a new era of sustainable mobility. With the promise of faster charging and extended lifespan, solid-state batteries represent a monumental leap forward in green energy solutions. The integration of aluminium casting machines underlines Nissan's commitment to efficiency and cost reduction, paving the way for a greener automotive landscape. By leveraging aluminium casting techniques, Nissan aims to streamline production processes, driving down costs while enhancing structural integrity....
The Shanghai Metals Market on April 22 has shown a decent spike in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,690 per tonne after an increase of RMB 350 per tonne. On a Month-on-Month scale there can be seen a massive augmentation of RMB 1,390 per tonne or 7.2 per cent from RMB 19,300 per tonne recorded in March 22. The eight main provinces in China have all seen escalating aluminium prices today. The highest ascend of RMB 370 per tonne was witnessed in Linyi, where the aluminium price got stuck at RMB 20,740 per tonne. In Shenyang and Linyi, the aluminium prices soared by RMB 350 per tonne to close at RMB 20,610 per tonne and RMB 20,670 per tonne, respectively. Similarly, in Gongyi and Foshan, the aluminium prices expanded by RMB 340 per tonne to officiate...
LME aluminium opened at US$2,610 per tonne in the previous trading day, with its high and low at US$2,684 per tonne and US$2,608.5 per tonne, respectively, before closing at US$2,660.5 per tonne, up US$50.5 per tonne or 1.93 per cent. On Friday, April 19, most non-ferrous metals, notably the LME aluminium , were poised for a sixth consecutive weekly increase. This rise was fuelled by supply apprehensions resulting from sanctions imposed on Russian metal exports. As per the LME data, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$45.5 per tonne or 1.75 per cent to settle at US$2,645 per tonne and US$2,645.50 per tonne. On the same day, both 3-month bid price and 3-month offer price also soared by US$63 per tonne or 2.43 per cent to peg at...
Around 200,000 vehicles in the Estonian traffic register have destroyed, lost, or suspended registrations. Starting in 2025, owners of these vehicles may be required to pay motor vehicle tax. However, the Ministry of Climate has proposed a bill to exempt individuals who have vehicles with unknown whereabouts registered in their name, as well as those whose cars lack necessary documentation for scrappage, from paying this tax. Estonia is a country in Northern Europe that borders the Baltic Sea and the Gulf of Finland. The World Bank designates Estonia as an advanced, high-income market economy noted for balanced government budgets, a flat income tax, low tariffs, and low public debt. In the future, scrap metal owners will have the opportunity to bring their undocumented, old, and unusable...
On April 15, 2024, the multinational company with headquarters in Milan, specialising in producing electrical cable Prysmian, announced that it has entered into a definitive merger agreement under which it will acquire Encore Wire for $290.00 per share in cash. The Transaction represents a premium of approximately 20 per cent to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024, and approximately 29 per cent to the 90-day VWAP as of the same date. At the transaction terms, Encore Wire’s implied Enterprise Value is approximately €3.9 billion, representing a multiple of 8.2x EV/2023A EBITDA and 6.3x EV/2023A EBITDA, including run-rate synergies. Encore Wire is a premier manufacturer offering a wide array of copper and aluminium electrical wires and cables...
As released by the company on its website, Kolkata-headquartered Ramkrishna Forgings Limited has received approval to supply powertrain components to the USA’s largest electric passenger vehicle producer. The company's announcement refrains from disclosing the vehicle manufacturer's name, although sources hint that it might be Tesla. This announcement coincides with tech billionaire Elon Musk's upcoming visit to India, where he is set to meet with the Indian Prime Minister Narendra Modi. This landmark approval signifies the Company's position in the electric passenger vehicle segment, with a strong emphasis on powertrain components. The approval follows the showcasing of a comprehensive portfolio of cutting-edge solutions, demonstrating the Company’s expertise and commitment to delivering...
