The transition towards lower-carbon manufacturing is changing how companies evaluate aluminium and copper. Beyond availability and technical performance, buyers are increasingly examining the emissions embedded in the metals they purchase and whether reducing that footprint justifies a higher price. While low-carbon aluminium has developed into an established premium market, low-carbon copper remains at a developing stage, raising the loaded question: How much are buyers willing to pay for lower-carbon metal? Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” Why aluminium is further ahead Aluminium has had more time to establish a market for...
The EU aluminium scrap market could face disruption if proposed changes to the Waste Shipment Regulation (WSR) restrict access to major Asian recycling destinations, the Bureau of International Recycling (BIR) has warned. The Brussels-based association issued its response after the European Commission published a draft proposal on September 18 listing non-OECD countries authorised to receive certain non-hazardous materials from the EU . Excluding countries such as India , Malaysia and Thailand from authorised destinations for ferrous and nonferrous metals could weaken recycled material markets rather than strengthen Europe’s recycling capacity. Join the fourth edition of the webinar “Hedging for recyclers - Become an expert in 6 hours” by Jorge Dyszel. At the centre of BIR’s concern is...
Grow with
AL Circle
Kam Kiu Aluminium Products Group's extrusion facility at Taishan City has achieved ASI Chain of Custody (CoC) Standard V2 (2022) Certification. Located in the Shiqiao Industrial Zone of Dajiang Country, Taishan City, the facility specializes in producing aluminium profiles tailored for door and window systems and profiles and grilles for broader construction projects. This certification extends to manufacturing construction and industrial aluminium profiles and grilles. Additionally, the facility has attained recertification to ASI Performance Standard V3. Both certifications, the ASI CoC Standard V2 (2022) and ASI Performance Standard V3, became effective on January 31, 2024. "We congratulate Kam Kiu Aluminium Products Group Limited on achieving Certification against ASI CoC Standard V2...
On February 22, 2024, POSCO Future M Co., a leading supplier of battery materials, commenced construction on its fifth cathode materials plant in Gwangyang, South Korea. This move aims to establish the complex in South Jeolla Province as the largest manufacturing cluster for cathode materials globally in terms of capacity. The new facility is projected to manufacture 52,500 tonnes of cathode materials annually, tailored for nickel, cobalt, and aluminium (NCA) batteries commonly used in electric vehicles. This production capacity will adequately power approximately 580,000 EVs with 60 kilowatt-hour batteries. Notably, these cathode materials will be exclusively provided to Samsung SDI Co. The South Korean company announced that upon its scheduled completion by April 2025, it will enhance...
Global law firms Davis Polk & Wardwell and Ashurst are advising American aluminium giant Alcoa Corporation regarding its proposed acquisition of Alumina Ltd, an Australian alumina and bauxite producer. The acquisition, structured as an all-stock transaction, values Alumina Ltd. at USD$2.2 billion. Alumina, advised by King & Wood Mallesons, has consented to the terms of the agreement, contingent upon approval from shareholders and regulatory bodies. Notably, Alumina Ltd.'s primary shareholder, fund manager Allan Gray Australia, has committed to selling its 19.9 per cent ownership stake. Kylie Lane, Partner at Ashurst, stated, "We are proud to be supporting Alcoa Corporation, a long-standing client, on this major strategic transaction." "The acquisition of Alumina Limited represents an...
Aluminium and its alloy variations have enjoyed extensive use over numerous decades. However, with the rising demand for exceptionally pure materials in advanced technological products, the exploration of high-purity aluminium has garnered substantial interest recently. Aluminium Ingots A7 represent a premium grade of aluminium highly sought after across industries for its exceptional properties and adaptability. Recognized for its remarkable purity and impressive strength-to-weight ratio, aluminium Ingots A7 is a refined form of this metal that holds immense value in the global market. With a chemical composition boasting a minimum aluminium purity of 99.7 per cent, aluminium A7 features minimal impurities like silicon, iron, copper, and other elements. This result in a top-tier...
According to a report on February 28, Capral Aluminium Chairman Rex Wood-Ward will retire from the board at the conclusion of the company's Annual General Meeting on May 8, 2024. The news came after Mr Wood-Ward announced his retirement, telling Australia's leading publication, Trailer Magazine, that he enjoyed his time immensely at Capral. "I've really enjoyed working and watching management take control of the business, while doing intelligent, game-changing things for it. They've really turned the business around, and we've built a solid base going forward," said Mr Rex. He also said that Capral is in a powerful position and will continue to grow. He added, "The Board and management are totally aligned with a very clear vision of where we're going." Mr Wood-Ward joined Capral in 2008...
On Tuesday, February 27, The UK Trade Remedies Authority announced that it reconsidered decisions concerning anti-dumping measures on aluminium extrusion imports from China. Of the two decisions, one is related to the recommendation of anti-dumping measures on certain Chinese aluminium extrusions, and the other is the final determination of whether to include large aluminium extrusions under the duties. The authority initiated reconsideration after receiving an application from a UK producer, which suggested that duties imposed are not up to the mark considering the injuries caused to domestic businesses and that the large extrusions should not have escaped the measures. During the anti-dumping investigation, the UK Trade Remedies Authority found that Chinese aluminium extrusion dumps put...
During his State of the Nation address in Parliament on February 27, the President of Ghana, Nana Addo Dankwa Akufo-Addo, announced several initiatives to accelerate the nation's industrialisation agenda and ensure value for money. Among these measures, the government will establish a $450 million refinery dedicated to processing locally produced manganese. Additionally, a new Legislative Instrument will be enacted to prohibit the export of raw bauxite . Moreover, priority will be given to Ghanaian investors interested in acquiring Newmont Corporation's Akyem Mine, located in the Eastern Region. Indonesia has also banned bauxite export from the country in 2023. The President said, "We are implementing the Four Project Agenda of the Ghana Integrated Aluminium Development Corporation...
New Zealand Aluminium Smelters (NZAS) has agreed with Meridian Energy to provide 20MW of electricity to the national grid if needed over 12 weeks this winter. This pact allows Meridian to inject 20MW back into the system during winter's peak demand periods when the national grid faces its most significant strain. This 20MW offering is in addition to the existing 50MW demand response arrangement already established with Meridian, as highlighted by NZAS. Beginning June 3, 2024, Meridian can request up to 20MW of electricity at any point for a maximum of four trading periods (equivalent to two hours) per day. This arrangement can occur up to 20 trading periods within a fortnight, during which Tiwai will scale back its consumption to fulfil the request. New Zealand Aluminium Smelters...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has dropped by RMB 20 per tonne, following an intermittent rise of RMB 110 per tonne the previous day. Thus, on Wednesday, February 28, the A00 aluminium ingot price has come in at RMB 18,790 per tonne, with average prices ranging between RMB 18,770 per tonne and RMB 18,810 per tonne. The spot contract is likely to be traded at a discount price of RMB 50-10 per tonne. In Foshan, the domestic ingot price has decreased by RMB 40 per tonne to stand at RMB 18,830 per tonne, with average prices hovering around RMB 18,810-RMB 18,850 per tonne. In Wuxi, Hangzhou, Chongqing, and Shenyang, A00 aluminium ingot price has unanimously dropped by RMB 20 per tonne to stand at RMB 18,790 per tonne. In Tianjin and...
LME aluminium opened at US$2,185 per tonne on Tuesday, with its high and low at US$2,208.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,200 per tonne, up US$18 per tonne or 0.82 per cent. On Tuesday, February 27, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$5 per tonne or 0.23 per cent and US$5.5 per tonne or 0.25 per cent to close at US$2,145 per tonne and US$2,146 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$13 per tonne or 0.59 per cent to settle at US$2,198 per tonne and US$2,198.50 per tonne. December 25 bid price and December 25 offer price added US$11 per tonne or 0.45 per cent to clock at US$2,413 per tonne and US$2,418 per tonne. LME aluminium opening stock came in...
On February 27, 2024, the China state-backed research institution Antaike reported that China's aluminium consumption is projected to experience a slower growth rate this year. Specifically, construction sector demand has decreased due to troubled property markets. Let us know about Antaike Founded in 1992 and listed on a new over-the-counter board on Oct 12, 2017, Beijing Antaike Information Co., Ltd. (hereinafter referred to as Antaike) is a state-owned joint stock company, which has become a consulting research centre, data centre, and information centre for domestic nonferrous metals industry. Relying on the industry position and background of China Nonferrous Metals Industry Information Center, Antaike focuses on the analysis and research of production, consumption, market,...
The United States has reportedly ruled out Russian aluminium and nickel from its new set of sanctions, which made several roundups in the media since early February 2024. According to the latest report on Monday, February 26, the United States declared sanctions on more than 500 people and entities in Russia and eliminated base metals, including aluminium and nickel. In early February, there was speculation that the United States might impose a fresh wave of sanctions on Russian aluminium and nickel, following which the prices of the two metals rose, assuming limited supply would occur in the wake of sanctions. Source: Bloomberg Subsequently, the aluminium prices fell as the United States announced the exclusion of aluminium and nickel from its fresh sanctions list. On Friday, February...
Emirates Environmental Group (EEG) is thrilled to announce the resounding success of the 27th edition of its annual 'Can Collection Day' held on February 24, 2024. The initiative titled "With a #CANDO Attitude the Future is in our Hands" collected around 7,002 kgs of aluminium cans and a total of 415,028 kgs since its inception. Raising awareness about recycling This national environmental initiative serves to raise awareness about the critical role of recycling in safeguarding the planet. Since its inception in 1997, the Can Collection Campaign has stood as a beacon within EEG's mission to champion sustainability, foster environmental stewardship, and cultivate community involvement. This year's flagship event, the Can Collection Day, witnessed an extraordinary turnout from every segment...
On February 26, 2024, workers in Guinea initiated a nationwide strike, causing closures of businesses and significant disruptions in the mining sector . Commencing an indefinite general strike marks a crucial challenge for the junta, which took control in 2021, instituting a ban on protests and stifling dissenting voices. Their demands included: Increased wages. The removal of internet restrictions. The liberation of a detained trade union leader. The strike ensued a week following the abrupt dissolution of the transitional government, which had been in power since July 2022, by the military junta without explanation. The junta additionally instructed the seizure of government members' passports and froze their bank accounts. In the seaside capital on February 26, 2024, police maintained...
On Tuesday, February 27, Hind Aluminium Industries Limited announced its consolidated quarterly results (October 1-December 31, 2023), explaining an in-depth comparison with the previous quarter and year. Hind Aluminium revealed its net sales in Q3 FY2023-24 stood at INR 0.14 crore, down 48.15 per cent from INR 0.27 crore during the corresponding period of the previous year. On a quarter-on-quarter calculation, the fall was more intense compared to the net sales of INR 0.48 crore in Q2 FY2024 . However, despite the fall in net sales, the company’s net profit skyrocketed by 204.98 per cent year-on-year from INR 2.01 crore to INR 6.13 crore in the third quarter of the ongoing financial year. On a quarter-on-quarter basis, the net profit increased by 60.05 per cent from INR 3.83 crore....
On February 6, the Jinan Bureau of China Railway took a significant step towards enhancing the efficiency of logistics operations and promoting sustainable development by signing the 2024 railway logistics general contract service agreement with Xinfa Group. Shandong Xinfa Aluminum Co., Ltd. occupies an expansive area of 25,000 square meters, boasting a robust registered capital of RMB 50 million. The company commands total assets worth RMB 380 million and boasts a workforce of 1,400 employees. About the contract This contract signifies a significant stride towards optimizing the logistics supply chain, driving down operational costs, and fortifying Xinfa Group's path towards green, low-carbon, and high-quality development.The agreement, representing the National Railway Group, entails a...
Pennsylvania, the fifth-most populous state in the United States, is reportedly facing economic distress due to inflation and unemployment. Strained global supply chains, labour shortages, and historic inflation outpacing income have been causing hurdles for the past few years. Role of aluminium & steel tariffs To top them off, the tariffs on aluminium and steel imports levied during the reign of US President Donald Trump under the guise of national security have caused bruises to end-use product manufacturers, given that Pennsylvania has robust product sectors heavily dependent on aluminium and steel as inputs. From farming equipment to auto parts, aluminium plays a significant role in their production. Many believe that federally imposed Section 232 tariffs on aluminium and steel have...
Rossinavi, the esteemed Italian shipyard, recently introduced a new marine brand, Nolimits, signalling a bold move into yacht design. This innovative range comprises five aluminium crossovers specifically designed for transoceanic voyages, pushing the boundaries of traditional yacht construction. About Nolimits Founded by the esteemed Rossi family, renowned for establishing the Rossinavi shipyard in 1980, Nolimits represents a strategic expansion into a distinct market segment. These crossovers, marrying the essence of explorer vessels with the luxury of superyachts, embody Rossinavi's unwavering dedication to pushing the boundaries of innovation. Designed by the acclaimed visionary Fulvio de Simoni, the Nolimits fleet ranges from 30 to 45 meters long. Meticulously crafted entirely in...
