Metycle , a global supplier of secondary copper and aluminium, has secured a USD 150 million credit facility from Rivonia Road Capital, a global private capital manager focused on asset-backed lending. The financing will support eligible transactions across the full trade cycle from supplier payment through buyer settlement, enabling Metycle to execute larger transactions, move greater volumes of secondary metals, and expand supply to industrial buyers and smelters. It also provides a repeatable framework for financing complex physical commodity transactions with institutional private credit, enabling faster execution for suppliers and larger, more consistent flows of specified secondary feedstock for customers. “Secondary metals do not lack demand. They lack predictability. Our...
India may continue imposing anti-dumping duties on aluminium foil from China, Thailand, Malaysia and Indonesia for another five years, following a recommendation from the Directorate General of Trade Remedies (DGTR). The proposed duties on aluminium foil of 80 microns and below range from USD 93 to USD 977 per tonne, depending on the country and exporter. The final decision on the recommendation will be taken by the Finance Ministry. The DGTR said extending the duties was necessary after reviewing submissions from interested parties as part of a sunset review investigation. The review followed an application from Hindalco Industries, LSKB Aluminium Foils, Raviraj Foils, Shree Venkateshwara Electrocast, Shyam Sel and Power Ltd and SRF Altech Ltd. To know the global production, demand and...
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Aiming to achieve its global decarbonisation goals - a 10 per cent reduction in carbon emissions in all operations worldwide by 2025 and 25 per cent by 2030 - Hydro is investing R$1.6 billion in projects to decarbonise its operations of alumina production and bauxite extraction in the state of Pará. According to Carlos Neves, VP of Operations, in the areas of bauxite and alumina the company created a road-map for decarbonisation until 2050, with the first stage aiming to reduce emissions by 16 per cent, in order to contribute to the group achieving the global target of 10 per cent reduction by 2025. To this end, some projects were developed along the decarbonisation route, with emphasis on the alumina plant, located in Barcarena (PA). He adds that although Hydro is well positioned in the...
Amidst ongoing market fluctuations, the London Metal Exchange (LME) has reported that the share of available aluminium stocks originating from Russia remained steady at 91% in March, mirroring figures from the previous month. This data, while reflective of current market realities, underscores a consistent presence of Russian metal within LME-approved warehouses. In fact, at this moment, 40 per cent of the existing LME metals stocks are of Russian origin. For industry stakeholders, including both producers and consumers, the dominance of Russian-origin metal raises pertinent considerations with Russia's Rusal being a key competitor in the market, alongside geopolitical tensions stemming from the Ukraine-Russia crisis since 2022, there exists a discernible impact on decision-making within...
TAHA, a multi-discipline solutions provider offering innovative, environmentally-friendly, and cost-effective services, equipment and products to the aluminium and steel industry worldwide. Environmental considerations are becoming increasingly pertinent in “green” aluminium production making reducing or eliminating waste ever more so important. TAHA’s aluminium dross process is a radical innovation in its industry whose process consumes less energy and produces no toxic salt cake. This enables organizations to save valuable resources and reduce costs. TAHA anticipated their operations to provide a dross processing solution with a lower carbon footprint than the conventional TRF (Tilting Rotary Furnace) process. Fully convinced internally that the TAHA process had a considerably reduced...
PyroGenesis Canada Inc., a leading high-tech firm specialising in designing, developing, and commercialising advanced plasma processes and sustainable solutions to reduce greenhouse gas emissions, is excited to reveal the signing of a collaboration agreement (the "LOI") with Constellium. Constellium is one of the world's largest aluminium transformation and recycling companies. Together, the two entities will focus on developing cutting-edge plasma torches and associated processes designed as efficient heating sources for aluminium remelting furnaces. How does a plasma torch operate A plasma torch generates an intense electric arc that ionises the gas, forming superheated plasma. This plasma, characterised by temperatures exceeding those of traditional methods, promises a faster, more...
According to the US Census Bureau survey, the United States aluminium plates, sheets and bars imports in January 2024 jumped close to the previous year’s level, reaching 98,400 tonnes. Last year, the United States aluminium plates, sheets and bars imports were 99,400 tonnes. However, from February 2023, the United States imports started dwindling, standing at 72,900 tonnes in the said month. Intermittently, the import volume grew but stood the lowest in April at 66,500 tonnes. On a month-on-month calculation, the United States aluminium plates, sheets and bars imports in January 2024 edged an increase of 12,500 tonnes or 14.55 per cent from 85,900 tonnes. Canada, China, and South Korea were the top three exporters of aluminium plates, sheets and bars to the United States. Canada exported...
SECO/WARWICK is gearing up introducing its CAB line production in India. The recipient of this solution is an Indian company specialising in manufacturing heat exchangers, Narain Cooling Technologies. This furnace implementation will enable Narain Cooling Technologies to uphold optimal production efficiency while adhering to rigorous energy consumption standards. Narain Cooling Technologies has invested significantly in the first CAB line ordered from SECO/WARWICK. This furnace features a 1300 mm wide conveyor belt and is tailored for producing medium-sized heat exchangers. Notably, the entire manufacturing process occurred in SECO/WARWICK's new factory in India, marking a milestone for the company's local production capabilities.” Narain Cooling Technologies (P) Ltd. is an ISO 9001:2015...
Rio Tinto, a leading global mining group, is reportedly collaborating with a world-famous venture studio and startup investor Founders Factory to support the advancement and commercialisation of breakthrough technologies that will lead mining companies, including bauxite miners, to automation, decarbonisation, and safe mining operations. According to a report on April 9, Rio Tinto will invest A$14.4 million in global pre-seed and seed-stage startups in collaboration with Founders Factory over the next three years. The investment will go to companies focusing on decarbonisation, exploration processing, safe mine operations, and automation. Each startup will receive a cash investment and a chance to participate in a four-month accelerator programme run by Founders Factory. Founders Factory...
Ather Energy breaks new ground in the electric scooter market with the launch of its highly anticipated Ather Rizta. With a keen focus on innovation, the scooter boasts a lightweight aluminium frame, marking a significant step towards sustainable mobility. Ather Energy proudly introduces the Ather Rizta, featuring a cutting-edge lightweight aluminium frame, a testament to the brand's commitment to sustainability. This advanced material not only enhances durability but also contributes to the scooter's eco-friendly profile, aligning perfectly with global Net Zero initiatives. Design excellence: Crafting comfort and style Embracing a sleek and ergonomic design, the Ather Rizta stands out with its aluminium-infused construction. The use of aluminium not only ensures structural integrity but...
ANB Metal Cast Pvt. Ltd. is a pioneering force in the foundry industry, specialising in fabricating top-tier aluminium extrusion components. Founded in 2019 by the visionary entrepreneur Mr Avnish Gajera, the company swiftly ascended to become a trusted and esteemed entity in the realm of aluminium extrusions. The company has been successfully onboarded by AL Biz to its list of 2000+ sellers. About ANB Metal As an esteemed holder of ISO 9001:2015 and ISO 14001 certifications, ANB Metal Cast Pvt. Ltd. upholds itself to excellence and environmental stewardship standards. Drawing from over five years of industry expertise, the company has solidified its position as a premier manufacturer of superior aluminium extrusion profiles. Their core operations centre on producing cast parts for...
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production amounted to 6.782 million tonnes in March 2024 (31 calendar days), reflecting a month-on-month increase of 8.3 per cent from 6.262 million tonnes and a year-on-year rise of 2.13 per cent from 6.64 million tonnes. From January to March 2024, China’s metallurgical-grade alumina production totalled 19.764 million tonnes, marking an annual growth of 3.31 per cent from 19.13 million tonnes. China’s daily average alumina output in March 2024 was 218,800 tonnes per day, up by 4,500 tonnes per day from 214,300 tonnes in March 2023. Operating capacity In the year’s first three months, China’s alumina production capacity was 100 million tonnes, while the operating capacity was 79.96 million tonnes and the...
Sandvik has inked a deal to acquire Almü Präzisions-Werkzeug GmbH (Almü), a renowned cutting tool and solution provider for aluminium machining in Germany. This acquisition highlights Sandvik's commitment to catering to the increasing demand for lightweight aluminium components, particularly in the automotive sector, as the transition towards electric vehicles continues. The acquisition of Almü is a testament to Sandvik's dedication to enhancing its position in lightweight materials. With a focus on high-precision drilling, reaming, milling, and tooling systems, Almü aligns perfectly with Sandvik's vision to offer innovative solutions for lightweight components, especially in the automotive industry. Solidifying market presence Almü boasts a robust market position within the DACH region...
On Tuesday, amid worsening relations due to the ongoing geopolitical conflict in Gaza, Turkey and Israel each announced trade barriers against the other. Turkey, known for its criticism of Israel's military activities in the region, declared immediate restrictions on the export of 54 product types to Israel. These include aluminium, steel, construction materials, jet fuel, and chemical fertilizers. In retaliation, Israel stated it was in the process of implementing a ban on Turkish products. As a result, since November, the CEO and Founder of Aluminij, Amir Gross Kabiri, mentioned that aluminium exports to Israel from Bosnia and Herzegovina-based Company have been increasing. This growth, according to Kabiri, is due to Israeli consumers choosing not to import from Turkey during the...
Porsche and Alumobility are at the forefront of a constructive initiative poised to redefine automotive engineering. Their collaborative effort aims to revolutionise vehicle design by replacing traditional steel-intensive structures with lightweight aluminium alternatives. This strategic shift not only propagates a commitment to innovation but also highlights the pivotal role of aluminium in shaping the future of transportation. In a joint endeavour, Porsche and Alumobility introduce a paradigm shift in automotive construction with the unveiling of their latest study. By transitioning from a steel-based framework to an aluminium-centric design, the partners seek to capitalise on the inherent advantages of aluminium, notably its unparalleled strength-to-weight ratio and corrosion...
Anil Agarwal-led Vedanta Limited, an Indian multinational mining company headquartered in Mumbai, published a fresh list of its aluminium selling prices, including aluminium billet and wire rod. Compared to the prices of the previous week, April 5, Vedanta’s aluminium prices rose by INR 1,750 per tonne or 0.7 percent on April 9, in line with the LME aluminium price change. Like other Indian aluminium giants, Vedanta Limited links its aluminium prices to the global benchmark price of aluminium on the London Metal Exchange. On April 9, Vedanta’s aluminium ingot price ranged between INR 234,000-254,000 per tonne versus INR 232,250-252,250 per tonne on April 5. Vedanta’s billet price came in at INR 244,500 per tonne on the same day compared to INR 242,750 per tonne last week. The latest...
On Wednesday, April 10, China’s A00 aluminium ingot price has gained RMB 120 per tonne to settle at RMB 20,180 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. As per the SMM data, the domestic aluminium ingot prices have been on a growth trajectory since March 27. The SMM aluminium ingot price has skyrocketed by RMB 1,560 per tonne or 8.37 per cent Y-o-Y from RMB 18,620 per tonne recorded on April 10, 2023. As of today, the prices have shown growth in all the provinces, with the highest in Wuxi, where it has hiked by RMB 140 per tonne to settle at RMB 20,200 per tonne, followed by an increase of RMB 130 per tonne in Gongyi to arrive at RMB 20,100 per tonne. In Foshan and Hangzhou, the aluminium ingot prices have ascended by...
ICRA stated that the anticipated European Union carbon tax would likely minimally affect domestic primary aluminium producers. The Carbon Border Adjustment Mechanism (CBAM), analogous to a carbon tax functioning as an import duty, is slated to be enforced from January 1, 2026. ICRA Limited is India's independent and professional investment information and credit rating agency. Established in 1991, it was initially named Investment Information and Credit Rating Agency of India Limited. ICRA stated, "The Carbon Border Adjustment Mechanism (CBAM) ruling on exports to the European Union (EU) will have a limited impact on the domestic primary aluminium producers. This is because the present notification covers the financial impact w.e.f. January 1, 2026, on direct process-related emissions...
According to the International Aluminium Institute, alumina production in North and South America dropped considerably in February 2024. On a Month-on-Month scale, the alumina production in North America has dwindled by 15.5 per cent or 31,000 tonnes from 200,000 tonnes in January 2024 to 169,000 tonnes in February. Similarly, in South America, there has been a Month-on-Month fall of 40,000 tonnes or 3.94 per cent, from 1.015 million tonnes registered in January this year to 975,000 tonnes in February. Year-on-Year comparison If we consider the alumina production rate during February 2023, we can witness a Year-on-Year slump of 14.2 per cent or 28,000 tonnes in North America from 197,000 tonnes. But on the other hand, in South America there can be seen a Year-on-Year influx of 39,000...
As a well-acknowledged manufacturer of aluminium extrusion and façade systems, Architectural and Metal Systems (AMS) stands as a testimony to innovation and progress. Nestled in the picturesque landscapes of Cork, Ireland, AMS has been diligently pioneering advancements within the industry. Recently, AMS embarked on a transformative journey, integrating cutting-edge machine monitoring technology from FourJaw Manufacturing Analytics into its operations, heralding a new era of efficiency and sustainability. With a keen eye on enhancing production visibility and streamlining operational processes, AMS embraced FourJaw's plug-and-play machine monitoring system in December 2023. This strategic move aimed to not only gauge machine utilisation but also support the implementation of shift-based...
