Australian mineral exploration and development company Impact Minerals has reported a net loss after tax of AUD 4.89 million (USD 3.42 million) for the financial year ended June 30, 2026, compared with AUD 9.02 million (USD 6.31 million) in the previous year, as it advances its strategic transition towards high-purity alumina (HPA) production using its Western Australian salt lake resources. The company's FY2026 Annual Report outlines a major shift in its business direction, with HPA development taking centre stage as Impact seeks to establish a position in the supply chains serving electric vehicle batteries, semiconductors, LED lighting and other advanced technology applications. Impact Minerals holds an 80 per cent interest in the Lake Hope HPA project in Western Australia and a 50 per...
The aluminium trade graph, excluding scrap, of Argentina in the first eight months of 2026, till August, continues to surge with steady momentum, indicating an increase in shipments and export earnings of the nation. As of year-to-date (YTD) August 2026, Argentina exported a total of 48,977 tonnes, valued at USD 179.05 million. Excluding aluminium scrap, the export basket covered all the articles of aluminium products including unwrought, bars, rods and profiles, foil, plates, sheets and strips, tube or pipe fittings and aluminium wire. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook Volume and value register strong year-on-year growth Calculating the year-on-year growth,...
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Lizhong Sitong Light Alloys Group, a China-based producer and seller of lightweight aluminium alloy wheels, has secured yet another contract to supply wheels. The new contract is with a leading new energy vehicle maker who will source aluminium alloy wheels from Lizhong for its upcoming Thai plant. Through this new deal, Lizhong is expected to generate RMB 68 million (US$9.3 million) of sales revenue, which will increase the company’s total estimated revenue to as high as RMB 1.7 billion (US$233.3 million), taking into consideration all other deals the pair signed recently. The earlier deals were for the carmaker’s domestic plants, with the delivery date set late this year. The upcoming Thai project is likely to start mass production in October 2024. Lizhong has not disclosed the client’s...
According to regulatory filings, Glencore acquired just a fraction of the potential 6.9 million tonnes of aluminium it could purchase between 2020 and 2022 through its agreement with Russian aluminium giant Rusal. However, this contract may also be extended until 2025. The Swiss multinational commodity trading and mining company Glencore is facing pressure to cease its metal procurement from Rusal in light of the Ukraine-Russia geopolitical crisis. It had previously announced in the past year that it would refrain from entering into any new agreements for Russian materials. However, the company committed to honouring its existing contractual obligations. Early termination of the contract could potentially result in a significant increase in aluminium supply from Rusal, one of the world's...
On Thursday, September 14, Xianning High-tech Zone announced the commencement of a major project during the third quarter of 2023 (Q3) at the Zhite Technology building aluminium mould new material production site. The project encompasses various domains such as advanced manufacturing, new energy, new materials, and optoelectronic information. Notable investments include the Zhite new materials building aluminium film new material production line project, which involves a substantial investment of RMB 700 million. The announcement was made by Huang Zuocai, a member of the Xianning High-tech Zone Party Working Committee and deputy director of the management Committee. In the present instance, 15 significant projects were initiated, with a collective investment amounting to RMB 2.875...
During the 2023 National Industrial Metrology Conference and the inaugural National Industrial Metrology Testing Alliance event held on September 13, the Metrology Department under the State Administration for Market Supervision and Administration unveiled the initial compilation of 118 outstanding achievements in industrial metrology. Among these achievements, five were attributed to the National Aluminium Industry Measurement and Testing Centre established by China's Southwest Aluminium. These contributions encompassed one breakthrough in measurement and testing technology, one innovative measurement and testing equipment, two novel measurement and testing methodologies, and one exemplary measurement and testing service case. In response to the obstruction of access to residual stress...
According to the US Census Bureau data, India’s aluminium scrap imports from the United States during the first half of 2023 ended June 30 totalled 231,000 tonnes, registering an increase of 4,000 tonnes or 1.76 per cent from 227,000 tonnes a year ago. In the second quarter of the year, India’s aluminium scrap imports from the United States amounted to 134,500 tonnes, substantially up by 37,800 tonnes or 39.09 per cent from 96,700 tonnes in Q1 2023 ended March 31. In June, India imported 46,600 tonnes of aluminium scrap from the US, compared to 48,100 tonnes in May . That reflected a month-on-month decline of 1,500 tonnes or 3.12 per cent, following a hike in May by 20.85 per cent from 39,800 tonnes in April. India’s aluminium scrap imports from the US grew each month through the first...
Alumobility, a worldwide non-profit association dedicated to promoting the use of aluminium in the automotive industry, is set to deliver a presentation highlighting the advantages of aluminium in producing lighter, safer, safer, more intelligent, and environmentally sustainable vehicles. This presentation will take place as part of the Aachen Body Engineering Days event , which is scheduled for September 19-20, 2023, in Aachen, Germany. On September 20, Alumobility's team of experts, including Thomas Rudlaff, Dr Thorolf Schulte, and Alexander Gaida, will present their research findings concerning the reduction of Body-in-White (BIW) complexity through the utilization of aluminium. Additionally, Alumobility will have a presence as an exhibitor at the event. Alumobility has recently...
Vespa, the Italian luxury scooter maker, has released its new 946 10th Anniversario special edition in the domestic market, with 12-inch aluminium alloy split wheels and aluminium parts in the structural design. This special edition scooter is available in a limited quantity of 1000 units worldwide, with only 20 units accessible in Malaysia. The limited-edition Vespa scooter marks a decade of the iconic Vespa 946 series. Drenched in a gentle shade of light green and elegantly adorned with refined black accents, it tastefully celebrates the Year of the Rabbit from the Chinese zodiac. In its simplicity, this Vespa embodies a profound blend of tradition and style, paying a chic homage to ten years of timeless design and urban mobility. Aluminium is a prominent material in the scooter...
LME aluminium opened at US$2,192.5 per tonne last Friday, with its high and low at US$2,222.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,217 per tonne, an increase of US$21 per tonne or 0.96 per cent. On Monday, September 18, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$9.5 per tonne or 0.44 per cent to close at US$2,164.50 per tonne and US$2,165 per tonne. 3-month bid price and 3-month offer price went up by US$9 per tonne or 0.40 per cent to settle at US$2,205 per tonne and US$2,206 per tonne. December 24 bid price and December 24 offer price were hiked by US$11 per tonne or 0.47 per cent to reside at US$2,343 per tonne and US$2,348 per tonne. LME aluminium opening stock came in at 492575 tonnes. Live warrants and...
According to Chinese customs data released on September 18, 2023, the country experienced a significant increase of 38.9 per cent in aluminium imports in August compared to the same period the previous year. This surge can be attributed to increased purchasing due to low domestic aluminium stocks and improved prospects for demand. According to data from the General Administration of Customs, China, which holds the title of being the world's largest consumer and producer of aluminium, imported a total of 278,658 tonnes of unwrought aluminium and related products in the previous month. This includes primary metal and unwrought, alloyed aluminium. The Chinese domestic market had anticipated a rise in aluminium demand during the autumn months, driven in part by the traditional increase in...
On September 18, 2023, Ashapura Minechem announced that the company had secured considerable supply orders for bauxite and iron ore to Chinese companies. Ashapura Minechem is a company that operates within the industrial mineral sector, focusing on exploring and refining minerals like bauxite, bentonite and kaolin. Its primary mission is to serve a diverse range of industries, including but not limited to oil and gas, foundry, and construction, by providing high-quality mineral products. During a regulatory filing at the exchanges, the company stated, “Ashapura Holdings (UAE) FZE, a step-down subsidiary of the company, has concluded and signed two contracts for the supply of 24 million tonnes of bauxite from Guinea to a subsidiary of the Chinese aluminium major, State Power Investment...
The Italian Sea Group has announced the debut of the Tecnomar fleet's brand new 43.5-metre motor catamaran 'This Is It'. The superyacht exhibits a breadth of 14.5 metres and an internal capacity of around 750 gross tonnes. The vessel "This Is It" has an aluminium hull and superstructure, providing enough room to host 14 passengers on board. This remarkable vessel is part of the esteemed Tecnomar fleet. The radical design project was prominently shown in the first edition of our technical journal, How To Build It, as highlighted by SuperYacht Times. The motor catamaran is distinguished by its distinctive design and aggressive profile, which includes more than 600 square metres of glass windows. The design of the superyacht is distant from traditional boat design and is more akin to...
On September 11, Baoxing County and Zhejiang Hanyu International Supply Chain conducted a signing ceremony for the smart industrial supply chain project at the comprehensive Service centre of Baoxing Industrial Park, Yaan Economic Development District. Chairman of Heyu Aluminium CAI Ruijun, County Party Secretary Luo Xianze, and Heyu Aluminium Duo Maoyuan General Manager attended the ceremony. CAI Ruijun recommended Baoxing County for their concern and assistance for corporate growth. Simultaneously, Heyu will establish a closer integration with the ongoing economic and social progress of Baoxing. This will include reinforcing collaboration in the aluminium recycling sector and enhancing the development of "Western Metal City" and other related areas. These efforts aim to provide...
European industrial aluminium clients are now experiencing a delay in supplying smelters with the required quantities for new contracts in 2024. This delay is mainly caused by concerns that they may exceed their purchase requirements, as the area's demand for finished metal goods has decreased significantly in recent years. Suppliers and customers are now engaged in the market's "mating season," during which corporations endeavour to secure supply agreements for the lightweight metal used in transportation, building, and packaging. According to the reports, the industrial output in Germany, the largest European economy, had a greater decrease than anticipated in July. Additionally, the contraction in business activity throughout the eurozone was found to have progressed quicker than...
An executive of Hindalco Industries Limited, Nilesh Koul, rightly pointed out at the Fastmarkets aluminium conference in Barcelona that India's aluminium industry future looks radiant amid a muted or downtrend global picture. Thanks to the infrastructure provided by the government, the Indian aluminium industry is growing to satisfy amplifying demand. India is already the world's second-largest aluminium producer and the third-biggest consumer, with demand set to grow double over the next demand, noted Nilesh Koul, CEO of the group's downstream business. India's advantage is the incredible availability of energy, which is the most critical input required for aluminium production. Mr Koul also shared at the conference that India would ramp up its metals consumption as China did. In this...
In recent months, Russia has increased its imports of alumina, the primary aluminium feedstock, from India to supply its extensive Siberian plants. This strategic move has allowed Russia to diversify its supply sources, reduce its reliance on China, and lower production costs. Following its invasion of Ukraine, a significant aluminium producer, Russia faced a shortfall in alumina supply due to a suspended production facility in Ukraine and Australia's ban on alumina exports to Russia. While Russia maintains amicable relations with China, the surge in aluminium production in China has constrained price flexibility for Russia's alumina purchases. Rusal 0486.HK, the world's largest aluminium producer outside of China, needed to bridge this supply gap to sustain domestic production and...
LME aluminum opened at $2,220.50 per tonne on last Friday, with its high and low at US$2,231.50 per tonne and US$2,187 per tonne respectively before closing at US$2,196 per tonne, a decrease of US$24 per tonne or 1.08 per cent. On Friday, September 15, the LME aluminium cash bid price and LME aluminium official settlement price plunged by US$37 per tonne or 1.69 per cent to close the week at US$2,155 per tonne and US$2,155.50 per tonne, respectively. On the same day, the 3-month bid price and 3-month offer price shrank by US$38.50 per tonne and US$38 per tonne, settling at US$2,196 per tonne and US$2,197 per tonne. December 24 bid price and December 24 offer price stood at US$2,332 per tonne and US$2,337 per tonne, respectively, experiencing a fall of US$38 per tonne at the week-end. LME...
In a Series C funding round, Sortera Technologies, Inc., a company that offers artificial intelligence data analytics for recycling, secured a stunning $30.5 million. The primary investor leading this round is RA Capital Management-Planetary Health, and the participation includes certain funds and accounts advised by T. Rowe Price Associates, Inc., as well as the Mineral Resources Group, a division of Mitsubishi Corporation's Business Incubation Unit, and Macquarie GIG Energy Transition Solutions ("MGETS"). Existing investors like Assembly Ventures, Breakthrough Energy Ventures, and Chrysalix have also contributed to this funding milestone. This substantial investment is poised to propel Sortera's expansion and solidify its prominent position within the domestic upcycling sector....
On Monday, September 11, Novelis Inc., a prominent rolled aluminium manufacturer, stated that it had signed an anchor customer deal with Ball Corporation, guaranteeing to provide aluminium sheets for can manufacturing in North America. A truck transporting aluminium alloy rods from Schwab New Materials Company just completed its voyage, delivering the cargo to Jiaxin New Materials Company. This event demonstrates the company's capacity and preparedness to offer premium aluminium alloy products to its downstream clients regularly. Sudarshan Venu, Venu Srinivasan's son, was appointed the company's new Managing Director for five years. Sundaram Clayton, a well-known producer and supplier of automotive aluminium castings that the TVS Group oversaw, was renamed TVS Holdings earlier this year....
