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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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...
According to the Shanghai Metals Market survey, China's aluminium production in March 2024 (31 calendar days) amounted to 3.555 million tonnes, bringing the country's total aluminium output in the year's first quarter to 10.45 million tonnes. On a month-on-month basis, China's aluminium production in March 2024 registered an increase of 6.66 per cent from 3.333 million tonnes. On an annual basis, the output edged a growth of 4.25 per cent from 3.41 million tonnes. Despite the M-o-M increase in China's aluminium production in March, the domestic daily output stood flat at 114,900 tonnes, suggesting the fact that China's aluminium smelters' daily operating rate recorded no growth in March. The share of aluminium liquid output rose by 9.6 per cent month-on-month and 1.4 per cent year-on-year...
Bandit9 Motors' latest creation, the 'EVE Odyssey', emerges as a marvel of engineering, crafted with materials akin to those used in NASA spacecraft. Adding to its allure, the EVE Odyssey features a meticulously crafted, custom-designed aluminium alloy box frame complemented by rear-set foot controls and clip-on bars. This unibody vehicle boasts a streamlined design resembling a gleaming bullet, its entire form cast in reflective silver. Within this singular monocoque structure lies an integrated ensemble of components, including an L-shaped subframe, gas tank, steering setup, and headlight assembly. As per AL Circle's industry report, "Global ALuminium Industry Outlook 2024" the 2024 market prospects for the aluminium end-use sector present a nuanced picture, with certain segments...
China's alumina market is under pressure at the moment. Supply of bauxite from local mines remains difficult. The authorities are controlling the amount of explosives that can be used to unlock the ore. As well, some mines have not been successful in getting mining permits. Imported ore is also problematic. In addition to the ore problems for some refineries, other refineries have been down for maintenance, so the supply of finished products has been limited as well. (If all that idled capacity had been operational, the ore shortage would have been worse.) These difficulties on the supply side have led producers to take a hard line on prices. However, the market is not accepting this, and smelters are putting pressure on refineries to lower their prices. Our Zibo team expects the...
Nivea, a brand under Beiersdorf, recently unveiled its 2025 Sustainability Initiatives, which notably feature a strong emphasis on climate-conscious manufacturing, especially within its packaging goals. Among these updates is introducing a fresh tin design for the timeless Nivea Crème. What sets this new tin apart is its construction from recycled aluminium—a move that underlines Nivea's commitment to sustainability and eco-friendly practices. The use of aluminium The packaging is made with up to 98 per cent recycled materials like aluminium, ensuring a sustainable and eco-friendly choice. Additionally, these packages are completely recyclable and free of microplastic particles, aligning with Nivea's commitment to responsible skincare solutions. Starting last year, Nivea initiated...
China's aluminium prices hit RMB20,000/t on Monday. The main index price reached RMB20,200/t, while the spot price also crept over the line, achieving RMB20,100/t. The spot eased slightly today, but the main index price found more energy. External factors have achieved this level. The internal factors favour modest price growth, but this sustained rise—prices have been rising since the start of March—has come about because global investors are showing signs that they believe that economic recovery is here or about to arrive. In the US, the talk is about interest rates dropping from mid-year, while in Europe, a temperate winter helped ease energy prices and, therefore, inflation. This is the peak season for the demand for aluminium in China's domestic market. Or at least, it was up until...
In the transportation world, where strength, durability, and sustainability intersect, Sloanebuilt emerges as a beacon of innovation. For over three decades, this stalwart Australian-owned family business has crafted custom rigid bodies and truck trailers renowned for their robustness and reliability. Yet, as the clarion call for decarbonisation reverberates louder, Sloanebuilt refuses to stagnate, embracing the mantle of sustainability with fervour. Enter Capral, a pioneer in the realm of low carbon aluminium solutions. With its LocAl® range, Capral heralds a new era of eco-conscious trailer construction. Sloanebuilt, recognising the imperative of sustainability in the transport landscape, swiftly adopts Capral's LocAl® aluminium, a proof of their untainted commitment to environmental...
Generational Group, a prominent advisor specialising in mergers and acquisitions for privately held enterprises, has announced the successful sale of Team Pride Extrusions (TPE) to Republic Strategic Investments (RSI). The deal was finalised on March 15, 2024. Based in Megargel, Texas, Team Pride Extrusions offers comprehensive manufacturing services in tailor-made aluminium extrusions. Their expertise spans aluminium extrusions, powder coating, CNC machining, punching, and various specialised fabrication and finishing techniques. Their product range encompasses everything from mill-finished extrusions to fully assembled extrusion components, complete with fabrication and finishing touches. TPE possesses the capability to handle various aluminium extrusions, including small, complex, and...
On the recovery of downstream operating rates last week, the consumption of aluminium ingots rose leading to a decline in social inventories, found the Shanghai Metals Market. According to SMM data, the average operating rate across major aluminium processing enterprises stood at 64 per cent last week from April 1 to 5, as a result of increased operating rate of primary aluminium alloy companies and stable operating rate of aluminium wires and cables producing enterprises and aluminium extrusion firms Due to the increased consumption of aluminium ingots by downstream sectors and low arrivals of stocks to warehouses, social inventories of aluminium ingots last week dwindled by 18,000 tonnes week-on-week to amount to 847,000 tonnes, of which 721,000 tonnes was for sale. In the earlier week,...
On March 28, Shanxi Zhongrun delivered 100 tonnes of green electric aluminium. Following this milestone, on March 31, Yuantai High Guide Materials (Shanxi), the designated user of the aluminium liquid within the industrial park, formally commenced the extraction of the environmentally friendly electric aluminium liquid. About the milestone This milestone marks a substantial advancement, symbolising the complete depletion of all remaining inventory of Shanxi Zhongrun's green electric aluminium ingots and aluminium liquid. Upon securing the "Green Aluminum Product Evaluation Certificate" for the company's inaugural batch of "green aluminium remelting aluminium ingots and electrolytic source aluminium liquid," the Marketing and Procurement Department has redoubled its efforts to ensure the...
Vietnam's renowned miner Vinacomin has unveiled ambitious plans to significantly expand its alumina-aluminium production capacity. With an investment totalling a staggering 182 trillion dong ($7.3 billion), Vinacomin's endeavour highlights Vietnam's growing demand for this versatile metal, driven by its burgeoning manufacturing sector. Vinacomin's investment will primarily target the Central Highlands province of Dak Nong, where two bauxite exploration projects and five refining projects are slated to commence. Notably, the state-run firm aims to elevate the alumina capacity of its Nhan Co Alumina complex to an impressive 2 million tonnes annually, up from its current output of 650,000 tonnes. Furthermore, the nearby bauxite-alumina-aluminium Dak Nong complex is poised to witness a...
According to a report, Adani Group, a leading integrated business conglomerate, has commenced the commercial production of polysilicon wafers and ingots at its factory in Gujarat to increase the supply of raw materials for the manufacture of in-house solar power cells and modules. Vneet S Jaain, a director at Adani New Industries Ltd (ANIL), said: "We are the first company in India which has set up ingot and wafers factory of 2 gigawatts and we have already started production." The Group aims to become India's first integrated renewable energy player, in line with Prime Minister Narendra Modi's vision of India becoming a net-zero country by 2070. By 2030, the Adani Group, led by billionaire Gautam Adani, aims to generate 45 gigawatts (GW) of renewable power, the two-thirds of which is to...
With more than 60 locations around the globe and annual revenue of approximately $3.1 billion, Trivium Packaging, one of the leading producers of aluminium and other metal packaging, is on the brink of a transformative financial transaction that could redefine its trajectory. Trivium attracts major financing Reports indicate that private credit funds are piecing together a sizable financing package, potentially reaching as high as $2.5 billion, to support the sale of Trivium Packaging. This development highlights the considerable enthusiasm and confidence surrounding the packaging sector, especially for companies with established market positions like Trivium. Trivium's current shareholders, Ardagh Group SA and the Ontario Teachers' Pension Plan Board are potentially exploring the sale of...
Alpha HPA, known for its production of chemicals essential for lithium-ion batteries and semiconductors, has unveiled a game-changing innovation: high-purity aluminium nitrate. With an impressive purity level of 99.99%, this aluminium oxide variant showcases immense potential to revolutionise battery safety. In a world increasingly reliant on lithium-ion batteries, concerns over safety have escalated due to the potential for thermal runaway events, which can lead to fires. However, Gladstone-based critical minerals company Alpha HPA is spearheading a path-changing solution. Dialogue with Rimas Kairaitis, Managing Director "Alpha's solution marks a pivotal advancement in lithium-ion battery safety," asserts Rimas Kairaitis, Managing Director of Alpha HPA. "Our breakthrough technology...
The global mining and metal giant Rio Tinto has selected Bold Baatar as the new Chief Commercial Officer. He will oversee the company's global commercial and business development endeavours. This appointment follows Alf Barrios' decision to retire. Bold, currently serving as Chief Executive Copper, will promptly assume responsibility for business development and transition to Chief Commercial Officer on September 1, 2024, relocating to Singapore. The successor for the position of Chief Executive Copper will be announced in the near future. Alf will remain as Chief Commercial Officer until August's conclusion to facilitate a seamless transition. Subsequently, he will assume the role of Chair for China, Japan, and Korea and serve as an Executive Committee member until his retirement at the...
The Shanghai Metals Market has witnessed slight fluctuations in aluminium prices today, with the SMM A00 aluminium ingot price discarding RMB 50 per tonne to close at RMB 20,060 per tonne. On a Year-on-Year scale, there has been an 8.67 per cent or RMB 1600 per tonne hike from RMB 18,460 per tonne recorded on March 9, last year. The central provinces in China have all shown slight dips in aluminium prices. The only increase of RMB 10 per tonne was in Foshan, where the price stood at RMB 20,100 per tonne. Other than that, there have been uniform drops of RMB 50 per tonne in Gongyi, Wuxi, Hangzhou, Tianjin, and Linyi. In Gongyi, the price stood at RMB 19,970 per tonne, while in the other provinces, the aluminium prices remained locked at RMB 20,060 per tonne each. In Shenyang, the aluminium...
