Oswal Pumps Limited is pleased to announce that it has secured an order from the Telangana Renewable Energy Development Corporation Limited (TGREDCO) for the design, supply, installation and commissioning of 2 kW, 5 kW and 10 kW on-grid solar rooftop PV power plants across 9,937 government schools in 33 districts of Telangana. The project covers an aggregate capacity of 46,705 kW (46.7 MW) and includes the deployment of Mono PERC/TOPCON solar modules, along with normal structures, RMS and comprehensive maintenance for a period of five years. The total quoted value stands at INR 273.19 crore, excluding GST. The project is expected to support the adoption of renewable energy infrastructure across educational institutions in Telangana while contributing to the state’s broader clean energy...
The US Department of Commerce has lifted anti-dumping (AD) and countervailing duties (CVD) on aluminium can stock imports from China and Bahrain, after a changed circumstances review. The decision, announced in September, provides a specific carve-out for aluminium can stock while leaving the broader trade orders on common alloy aluminium sheet in place. The review was initiated after the Aluminum Association Common Alloy Aluminum Sheet Trade Enforcement Working Group and Jupiter Aluminum Corp. requested changes to the scope on June 22, 2026. The domestic industry group stated that it no longer maintained an industry interest in enforcing the duties against these specific can-manufacturing materials. To know the global production, demand and consumption forecasts of aluminium extrusions,...
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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...
Global sensor-based sorting technology provider TOMRA Recycling will further strengthen its position as a leader in resource recovery when it reveals its latest technology portfolio at IFAT 2024 (13-17 May in Munich, Germany). TOMRA's experts will be on stand B6.339/438 to highlight the company's continued commitment to leading the resource revolution. TOMRA's chosen theme for IFAT 2024 is 'Transforming Resource Recovery'. The industry's latest AI-powered solution enables food-grade sorting With forthcoming changes to EU legislation governing packaging waste and recycled plastic food contact materials, TOMRA is anticipating a lot of interest among IFAT visitors in the latest advances to its GAINnext™ technology. Thanks to TOMRA's continued investment in the company's AI-powered deep...
Sparklo, the global leader in AI-driven cleantech solutions, has achieved a remarkable milestone in its endeavour to revolutionise recycling and advance sustainability in the UAE. In just over a year since its inception, Sparklo has successfully deployed 170 Reverse Vending Machines (RVMs), aptly named Sparklomats, throughout the UAE. A staggering 14.5 million aluminium cans and plastic bottles now rest within the embrace of Sparklo's ingenuity. This feat translates to an impressive saving of over 2,100 tonnes of CO2 emissions, marking a significant stride towards a greener, more sustainable future. RVMs- the heart of Sparklo's vision These Reverse Vending Machines (RVMs), the heart of Sparklo's vision, have become ubiquitous, gracing the landscape through partnerships with luminaries...
Craftsman Automation, an Indian company specialised in diversified casting solution of highly complex lightweight aluminium components for the automotive & industrial engineering sectors, has reportedly signed an agreement with Rajasthan State Industrial Development and Investment Corporation (RIICO) to set up a plant in Alwar city of Rajasthan. The news came on Monday, April 8, after they announced about the signing of project agreement. As per the report, the initial investment for the plant would be INR 150 crore. The South India-based company will invest this amount for developing the first phase of the project, which will come up in Salarpur industrial area of Bhiwadi, Rajasthan. This location is extremely strategic for its proximity to major cities like Delhi and Gurgaon. The...
In a bold fusion of premium quality and innovative design, BOSS and Samsonite proudly introduce their latest collaboration: the "Departures" campaign. This venture celebrates the marriage of fashion and functionality, encapsulating the essence of sophisticated travel with a unique twist. The "Departures" campaign sets the stage for a remarkable unveiling, where travellers transcend the ordinary and embark on a journey within an oversized suitcase. This symbolic gesture mirrors the boundless potential of the BOSS | Samsonite capsule collection, embodying a shared commitment to excellence and timeless elegance. Style Meets Functionality Crafted with meticulous attention to detail, the BOSS | Samsonite collection epitomises the harmonious blend of style and functionality. Made from...
Advance Joinery Group, one of the leading suppliers and installers of aluminium, timber and uPVC products, have recently announced the acquisition of Malvern Glass. Headquartered in Pontrilas, Advance Joinery Group has broadened its offerings to encompass uPVC and aluminium, alongside its esteemed bespoke timber range. The recent acquisition of Malvern Glass, established in 1979, marks a significant stride in Advance's local expansion efforts, signifying a pivotal milestone in its growth trajectory. The Malvern Glass team is set to continue with its existing members while welcoming some new additions. The overarching goal is to enhance its outstanding reputation by introducing a complementary trade counter. This counter will offer products not only to tradespeople but also to the general...
The Rishi Sunak Government's decision to delay or weaken UK climate targets has stirred concerns among environmentalists and industry players alike. This shift has not only impacted the UK's carbon market but also raised potential challenges for exporters facing EU carbon border taxes. Let's delve into the details of this evolving scenario. The UK's carbon market has witnessed a significant downturn, with prices plummeting to less than half of the equivalent EU carbon cost. This decline, exemplified by UK carbon prices hitting a low of £33 per tonne while the EU price stands at €82 (£71), indicates a substantial gap in carbon pricing dynamics. EU Carbon Border Tax Implementation The EU has introduced carbon border tax rules aimed at imposing CO2 emissions tariffs on imported goods like...
According to the US Census Bureau survey, the United States aluminium scrap exports initiated the year 2024 with an annual decline of 5,000 tonnes or 3.13 per cent, reaching 155,000 tonnes. In January 2023, the United States aluminium scrap exports amounted to 160,000 tonnes. The year-on-year drop in aluminium scrap exports could be attributed to the lower volume of scrap recovery. In January 2024, the United States recovered 275,000 tonnes of aluminium scrap – 3,000 tonnes less than 278,000 tonnes in January 2023. However, the scrap recovery increased month-on-month in January 2024 by 13,000 tonnes or 4.96 per cent from 262,000 tonnes. Thus, the exports also rose, albeit at a lower rate than scrap recovery growth, from 152,000 tonnes. The United States aluminium scrap exports rose...
Emerging from the success of "Palmer Aluminium," a thriving commercial window enterprise of the 1990s and early 2000s, PCW Commercial Windows stands as a beacon of perseverance, ingenuity, and strategic collaboration, spearheaded by Leigh Spinks alongside partners Ross Farrelly and Jay Atkins. PCW's enduring and fruitful partnership with Capral Aluminium, which spans over two decades, stands at the core of its success. Capral's unwavering dedication to innovation, quality, and environmental sustainability seamlessly aligns with PCW's values and overarching objectives. Managing Director Leigh Spinks said, "We service builders from anywhere from south of Sydney all the way through the north of Newcastle and Central Coast, where I would probably think we would be one of the preferred...
In 2023, the global bauxite industry experienced substantial changes, marked by shifts in production, trade dynamics, and pricing patterns. Australia, Guinea, and China emerged as key players shaping the worldwide bauxite market landscape. In 2023, global bauxite production was estimated to show a positive growth rate of 5.26 per cent, a significant rebound from the (-) 1.04 per cent decline witnessed in 2022 compared to the previous year. As per AL Circle’s “Global ALuminium Industry Outlook 2024” report , the estimated total global bauxite production for 2023 is expected to cross 400 million tonnes. This increase is mainly attributed to the heightened production levels in key bauxite-producing countries such as Australia, Guinea, and others. Australia is anticipated to hold its position...
According to the Shanghai Metals Market survey the average operating rate of major aluminium processing enterprises decreased by 0.5 percentage point week-on-week to 64 per cent in the last week, from April 1 to April 5. The secondary aluminium alloy sector primarily contributed to the fall, while the other sectors remained stable. Many downstream companies reduced their product processing fees to attract new orders and seize market share, but the actual demand was limited. In the short term, leading companies may maintain a high operating rate by exchanging price for volume, but profitability will most likely remain low. The average operating rate of downstream sectors is also stable for now, notwithstanding the aluminium price surge through the week and a slight tremble in the...
LME aluminum opened at US$2,435 per tonne last Friday, with its high and low at US$2,455.50 per tonne and US$2,418.50 per tonne respectively before closing at US$2,451 per tonne, an increase of US$6 per tonne or 0.25 per cent. The London Metal Exchange graph registered slightly declining prices on April 5, last Friday, with the LME aluminium cash bid and the LME aluminium official price losing US$3.50 per tonne or 0.15 per cent to close at US$2,390.50 per tonne and US$2,391 per tonne, respectively. On a Month-on-Month scale, there has been a rise of US$200 per tonne, or 9.12 per cent, from US$2,191 per tonne recorded on March 5. The LME 3-month bid price and the LME 3-month offer price have marked a decrease of US$7 per tonne or 0.29 per cent, to settle at US$2,432 per tonne and US$2,433...
On Monday, April 8, China’s A00 aluminium ingot price expanded by RMB 360 per tonne to settle at RMB 20,110 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices may range between RMB 20,090 per tonne and RMB 20,130 per tonne. The domestic aluminium ingot price on M-o-M calculation has shot up by RMB 950 per tonne from RMB 19,160 per tonne recorded on March 8. As of today, the prices have shown growth in all the provinces, with the highest in Shenyang, where they have surged by RMB 420 per tonne to arrive at RMB 20,070 per tonne. This was followed by a hike of RMB 390 per tonne in Tianjin to RMB 20,110 per tonne. In Foshan and Chongqing, the A00 aluminium ingot prices have surged by RMB 370 per tonne...
At the Chinalco Group headquarters on March 24, Chairman Duan Xiangdong met with Jakob Stausholm, CEO of the Rio Tinto Group, and his accompanying delegation. The discussions were thorough, emphasising the enhancement of practical collaboration to attain mutually advantageous growth. India's diversified natural resources firm Vedanta Limited disclosed its operational results for Q4 FY2024 and the full year on Thursday, April 4. The company unveiled production figures for both aluminium and alumina. Vedanta reported that its aluminium output volume for Q4 FY2024, concluding on March 31, reached 598,000 tonnes. This marked a 4% year-on-year rise from 574,000 tonnes. Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated aluminium producer, is expected to report a greater net...
In the ever-changing world of aluminium usage, sustainability and innovation go hand in hand, significantly impacting various industries. This week's roundup showcases a range of efforts, each incorporating the sturdy metal into diverse narratives of growth and environmental responsibility. From the bustling streets of travel retail to the environmentally friendly packaging of snacks, aluminium is both a symbol of modernity and a champion of sustainability. Let's take a journey through the recent advancements of aluminium end-users, where innovation meets environmental awareness, and progress is etched in aluminium's enduring lustre. Green Yip takes the helm as the regional managing director for L'OCCITANE Group's travel retail division The L'OCCITANE Group, a certified B Corporation, has...
In the realm of downstream aluminium, recent developments herald both challenges and opportunities across global markets. From India's deliberation over anti-dumping duties on Thai aluminium foil imports, stirring optimism for local producers like Hindalco Industries, to Japan's anticipated surge in aluminium demand buoyed by the semiconductor and automotive sectors' resurgence, the industry's landscape is dynamic and promising. Moreover, BMW's adoption of Wire-Arc Additive Manufacturing underscores a commitment to sustainable innovation, while Lotte Aluminium's strategic split aims to sharpen focus on specialised segments. Additionally, RHI Magnesita's acquisition of Resco Group signals strategic synergy poised to redefine refractory production dynamics. These developments reflect a...
Bonnell Aluminum, an esteemed subsidiary of Tredegar Corporation, is making waves once again as it announces the expansion of its TSLOTS line into the Southeastern United States. This strategic move aims to cater more efficiently to the region's burgeoning demand for versatile aluminium structural framing systems. Established as a premier manufacturer of custom-fabricated aluminium extrusions, Bonnell Aluminum has garnered acclaim across diverse sectors, from construction to automotive industries. Expansion into the Southeast With the addition of the Newnan, Georgia facility, Bonnell Aluminum reinforces its commitment to meeting the evolving needs of its clientele. By strategically positioning manufacturing and distribution hubs closer to customers, the company aims to streamline...
