Mexico-US trade talks, including discussions on aluminum tariffs , have been delayed, with the fourth round of negotiations now expected to take place in October. The delay comes as both countries manage busy diplomatic schedules. Luis Rosendo Gutierrez, Mexico’s deputy economy minister for foreign trade, said the delay stemmed from scheduling conflicts, including Chinese President Xi Jinping’s planned visit to the United States and the upcoming G20 summit. Although the formal talks have been postponed, technical discussions between Mexico and the US Trade Representative’s Office (USTR) are continuing on a “daily” basis, Gutierrez said. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036:...
The US aluminum extrusion sector is seeing another consolidation move, with Can Art Aluminum Extrusions acquiring BRT Extrusions, an aluminum extruded products supplier based in Niles. Can Art confirmed the acquisition in a letter sent to BRT customers earlier this week. The financial terms of the transaction are yet to be disclosed. To know the global production, demand and consumption forecasts of aluminum extrusions, explore our report “ The World of Aluminium Extrusions to 2035 – Demand Forecast | Price Benchmarking | Plant Economics | Strategic Growth Sectors ” According to the customer communication, the combined organization will have over 1,000 employees and 15 extrusion presses. The expanded group will also offer a range of value-added aluminum processing capabilities, including...
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The alliance between The British Crisp Co, Evopak, and Aquapak heralds an innovative advancement in sustainable packaging. By integrating the versatile properties of aluminium, this collaboration has birthed a fully recyclable paper packet, poised to revolutionise the snack industry landscape. Amidst mounting concerns over packaging waste, unveiling the recyclable paper packet signifies a pivotal moment in the quest for eco-friendly alternatives. This innovative solution uses a thin aluminium liner to mitigate the environmental repercussions of non-recyclable packaging. Led by CEO Tom Lock, The British Crisp Co. stands at the forefront of sustainable innovation, cognizant of the pressing need to address packaging waste. The CEO clarified: "Brits consume over eight billion packets of...
Grove Co. unveils an expanded repertoire of ready-to-use cleaning essentials housed in sustainable aluminium packaging. From hand soap to dish soap and concentrated laundry detergent, every product embodies the ethos of sustainability, offering consumers a convenient pathway to reduce their plastic footprint without compromising on efficacy or convenience. The brand, wellknown for its dedication to make sustainable consumer products, is heralding a new era in eco-consciousness with a multifaceted initiative aimed at fortifying its presence in the realm of eco-friendly cleaning solutions. As a Certified B Corporation, Grove Collaborative is driven by a steadfast dedication to environmental stewardship and social responsibility. Embracing innovation: New ready-to-use essentials in aluminium...
On Thursday, April 4, India's diversified natural resources firm Vedanta Limited announced its Q4 FY2024 and full-year operational results, revealing both aluminium and alumina output volume. Aluminium production Vedanta said its aluminium production in Q4 FY2024, which ended March 31, stood at 598,000 tonnes, reflecting a 4 per cent year-on-year increase from 574,000 tonnes. However, on a quarter-on-quarter calculation, Vedanta's aluminium production in Q4 FY2024 recorded a slight dip of 1,000 tonnes from 599,000 tonnes, the highest quarterly output ever. Nevertheless, Vedanta's total aluminium production in FY2024 grew annually by 3 per cent from 2.291 million tonnes to 2.37 million tonnes. The Group stated today that it aims to increase its aluminium production capacity to 3 million...
According to the data released by the International Aluminium Institute (IAI), the total primary aluminium production in North and South America combined was 438,000 tonnes in February 2024, of which South America accounted for only 27.40 per cent. In contrast, North America produced the lion's share of 72.6 per cent. Aluminium demand, driven by individual sectors (source AAC) If we compare this year's production for January and February with the last quarter of 2023, we can find that only 65.5 per cent, or 904,000 tonnes, was achieved. The total haul for Q4 2023 was 1.38 million tonnes. Month-on-Month comparison On a month-on-month scale, North America's primary aluminium production has dipped 21,000 tonnes, or 6.19 per cent, from 339,000 tonnes in January 2024 to 318,000 tonnes in...
On Wednesday, April 3, Vedanta Aluminium reported that it commissioned an additional 1.5 million tonnes of annual alumina capacity at its Lanjigarh refinery in Odisha. Earlier, the refining capacity of the unit was 2 million tonnes per annum, and with the new capacity, it has increased to 3.5 million tonnes, said Vedanta Aluminium in a statement. Vedanta's plan is to add 1.5 million tonnes of capacity more to the refinery and bring it to a total of 5 million tonnes per annum. The Group also aims to increase its aluminium production capacity to 3 million tonnes per annum from 2.37 million tonnes at present. All these expansion efforts will bring Vedanta closer to its ultimate goal of becoming one of the top three global producers in the world aluminium market. Vedanta Aluminium CEO John...
The 438-megawatt (MW) solar complex, Boa Sorte, located in Minas Gerais, Brazil, has commenced its commercial operations. This expansive power plant is set to provide renewable energy to the Albras aluminium smelter. The solar plant, which comprises multiple projects, is the result of collaboration between renewable energy solution providers Hydro Rein and Atlas Renewable Energy, alongside Albras. Albras is a joint venture between Hydro and Nippon Amazon Aluminium Co. Ltd. (NAAC). About Boa Sorte With its substantial installed capacity of 438 MW, Boa Sorte is projected to generate approximately 920 gigawatt-hours (GWh) annually. This output is equivalent to powering over 394,000 Brazilian households with clean, sustainable energy. Boa Sorte marks the second significant solar plant project...
Mentos, one of the most innovative candy brands globally, has extended its hands in collaboration with VML and Dartmouth University to launch the 'WIFI Refresh' campaign aimed at improving internet speed for Brazilians. The campaign is based on a study conducted by Dartmouth University, which found that placing aluminium foil around router antennas can improve the signal and reduce interference. Mentos has created step-by-step tutorials to teach people how to use the aluminium packaging of their candies for this purpose. The campaign will also feature influencers and Loud ambassadors to amplify the message. This can be considered an exciting aluminium foil recycling initiative that Mentos has proposed. The communication strategy is focused on reverberation marketing, where content is not...
On Wednesday, April 3, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$11.5 per tonne or 0.49 per cent to stand at US$2,333.50 per tonne and US$2,334 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$15.5 per tonne or 0.65 per cent and US$17 per tonne or 0.71 per cent to clock at US$2,378 per tonne and US$2,380 per tonne. December 25 bid price and December 25 offer price gained US$17 per tonne or 0.66 per cent to peg at US$2,580 per tonne and US$2,585 per tonne. LME aluminium opening stock came in at 541350 tonnes. Live warrants and Cancelled warrants settled at 326475 tonnes and 214875 tonnes. LME aluminium 3-month Asian Reference Price expanded by US$23.98 per tonne or 1.01 per cent to halt at US$2,378.44 per...
On Wednesday, April 3, Lotte Aluminium Co., Korea’s biggest comprehensive packaging material company under Lotte Group, announced that it would split into two entities – Lotte Infracell and Lotte Packaging Solutions. The company believes that this move will enable them to focus on respective areas of expertise. While Lotte Infracell will focus on secondary battery materials, Lotte Packaging Solutions will look after the packaging business. Lotte Infracell will nurture its expertise in secondary battery materials, inheriting the aluminium foil business from Lotte Aluminium’s BM business division. Lotte Infracell aims to enhance the production and supply of high-quality battery-grade aluminium foil to tap the fast-growing EV battery market. On the other hand, Lotte Packaging Solutions will...
Guinea is steadily increasing its bauxite shipments, and there are indications of further volume increases. Despite upheavals from the accident in December and the occasional public unrest, volumes of bauxite exports have grown so far this year and look set to continue growing. Simply put, the miners, shippers and traders (usually those 3 are the same company) are responding to increasing demand. The challenge is to get the material out of the ground and onto a vessel before the rainy season starts in a few months. Amongst the miners, SMB shipments continued to be high, with a total of approximately 11 million tonnes shipped as of mid-March, and shipments reached a single-week high of 1.45 million tonnes at the end of February. This was followed by Shunda Mining and Chinalco Boffa, which...
The L'OCCITANE Group, a leading figure in premium sustainable beauty and wellness and a certified B Corporation, has appointed Green Yip as the Regional Managing Director for Travel Retail in APAC (Asia Pacific Region), effective immediately. In this pivotal role, Green Yip will shape the future trajectory of L'OCCITANE Travel Retail with the unwavering support of the Group's seasoned Global and APAC Travel Retail teams. The L'OCCITANE Travel Retail campaign was a highly successful campaign carried out by the company in collaboration with Gebr. Heinemann. The four-month campaign emphasised the brands' sustainability goals by using 95% post-consumer recycled aluminium in their packaging. With a commendable 15-year journey marked by leadership prowess and a consistent record of...
On Wednesday, April 3, National Aluminium Company’s stock price (NALCO) reached a 52-week high in the wake of highest-ever production of aluminium, record excavation of bauxite, and best ever metal sale, surpassing all previous records since inception. According to the report, NALCO’s share price stood at INR 176.20 on BSE following the PSU’s FY2024 result announcement. The share price marked a jump of 6.05 per cent from the closing price of INR 166.15 on the previous day. On Wednesday, April 3, NALCO’s stock opened at INR 167.20. The PSU’s stock traded higher by 4.91 per cent, or INR 8.15, at INR 174.30 at 11:57 am on Wednesday. On Tuesday, April 2, NALCO announced that it achieved a record-breaking primary aluminium production of 4,63,428 tonnes, utilising its annual nameplate capacity...
The Hyundai Motor Company has announced its decision to cancel the Memorandum of Understanding (MoU) it had in place to procure aluminium from the new 1.1GW coal power plant-powered smelter in North Kalimantan, Indonesia. This plant is operated by Adaro Minerals, a subsidiary of Adaro, the second-largest coal mining company in Indonesia. This move by Hyundai comes a year after the launch of the "Hyundai, Drop Coal" campaign by the fan-driven climate platform Kpop4Planet in March 2023. Over 11,000 K-pop fans had signed a petition urging Hyundai to withdraw from the agreement and opt for materials manufactured from renewable energy sources, particularly solar and wind, for their car production in Indonesia. By shifting to renewable energy sources like solar and wind, the aluminium industry...
Imported aluminium scrap prices in India increased slightly, bolstered by the rising trend in LME (London Metal Exchange) futures prices and persistent supply shortages. As reported, the three-month LME price stood at around $2,375 per tonne, marking a 2.4 per cent increase compared to the previous week's price of $2,319 per tonne. Concurrently, stocks were noted at 554,475 tonnes, indicating a 1 per cent decline week-over-week. According to assessments provided by BigMint, aluminium imported scrap prices in India have climbed by as much as 2.5 per cent, which aligns with the upward trajectory of aluminium futures. Tense scrap originating from the UAE experienced a $30 per tonne increase, reaching $1,880 per tonne. Similarly, Zorba 95/5 of UK origin saw a $10 per tonne uptick, settling at...
Alcoa Brasil announced Daniel Santos as the company's new president and vice-president of Operations. The executive will have the challenge of commanding more than 15 thousand employees in the three operating units, located in Juruti (PA), Alumar (MA) and Poços de Caldas (MG), boosting operational and economic performance and increasing competitiveness in national markets. and international. Former CEO of Mineração Taboca and with experience at Companhia Siderúrgica Nacional (CSN) and Anglo American, Daniel Santos will replace Walmer Rocha, Director of Operations at Alumar (MA), who assumed the position on an interim basis following the retirement of Otavio Carvalheira in December 2023. Based in São Paulo, the new president also serves as a key member of the leadership team for the...
KYOCERA AVX, an American manufacturer and supplier of advanced electronic components and innovative sensor, control, connectors and antenna solutions, has reportedly unveiled new RES Series radial-leaded aluminium electrolytic capacitors that are engineered to deliver high CV values in small case sizes. The new RES Series wet aluminium electrolytic capacitators also offer long-lifetime endurance of 5,000-7,000 hours at 105 degree celsius and high ripple current to help manufacturers save board space in high-density PCB assemblies. These new RES Series capacitors are compatible and compliant with the RoHS, REACH, and CA Prop 65 directives, enhancing suitability in industrial, communications, and consumer electronics applications, such as computers, access points, and other networking...
The Make it in the Emirates (MIITE) Forum 2024, under the patronage of esteemed UAE leadership, heralds a new era of industrial advancement and sustainability. With an array of strategic partnerships and sponsorships, including key players like Emirates Global Aluminium (EGA), the stage is set to propel the nation towards its ambitious goals of industrial growth and global leadership. Sixteen sponsorship agreements were recently inked in the presence of luminaries such as Dr. Sultan Al Jaber and Sarah Al Amiri, underscoring the commitment towards fostering investment, sustainability, and growth. The collaboration between the MoIAT or Ministry of Industry and Advanced Technology, Abu Dhabi Department of Economic Development (ADDED), and Abu Dhabi National Oil Company (ADNOC) epitomises the...
National Aluminium Company Ltd. (NALCO), the country’s leading manufacturer and exporter of alumina and aluminium, set new production and sales records for FY23-24. The company has achieved its: highest-ever cast metal production of 4,63,428 tonnes highest-ever bauxite excavation of 76,00,230 tonnes the highest-ever metal sale of 4,70,108 tonnes This new milestone has surpassed all the previous records since its inception. In FY 23-24, the company also added a new aluminium alloy ingot (AL-59) to its product range. With an impressive 101.15 per cent capacity utilisation, NALCO's alumina refinery has produced 21,24,000 tonnes of alumina hydrate, while the captive power plant has generated a gross of 7193.62 million units of power. Noteworthy achievements include developing and...
