
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...
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In a volatile twist, aluminium prices experienced a surge driven by speculations of impending US sanctions against Russia, potentially targeting the metal industry. The uncertainty surrounding the specific industries to be affected has left investors on edge, with President Joe Biden hinting at a "major" sanctions package set to be unveiled on Friday. President Biden's announcement of forthcoming sanctions was linked to the tragic death of Russian opposition leader Alexey Navalny. While details remained scant, US National Security Advisor Jake Sullivan mentioned a focus on elements of Russia's "defense-industrial base" and other revenue sources for the nation's economy. Historical context: Aluminium's record rally in 2022 Aluminium previously surged to a record above US$4,000 a tonne in...

Maritime battery systems developer EST-Floattech has secured a substantial investment of €4 million from the Energy Transition Fund Rotterdam and its existing shareholders, including Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. For the aluminium housing, insulation material, electronic components, and the racks in which the battery cells are installed, EST-Floattech is working with Dutch partners. The investment will allow EST-Floattech to continue to grow nationally and internationally. The company focuses on market leadership in Northwest Europe and is working with battery manufacturer DuraPower to access Asia and Oceania. EST-Floattech also plans to focus on larger vessels in the future. About the investment EST-Floattech specialises in crafting top-tier lithium-ion battery...

Novelis Inc., headquartered in Atlanta and a subsidiary of Hindalco Industries, has taken a significant step towards an initial public offering (IPO) by submitting a draft registration statement on Form F-1 to the Securities and Exchange Commission (SEC). This confidential submission pertains to the common shares, which are anticipated to be offered by AV Minerals (Netherlands) N.V., the sole shareholder of Novelis and another subsidiary of Hindalco Industries Limited. Last week, Novelis Inc., a leading provider of low-carbon aluminium solutions and a global player in aluminium rolling and recycling, released its fiscal year 2024 third-quarter results. Steve Fisher, the President and CEO of Novelis Inc., expressed satisfaction with the substantial year-over-year improvement in adjusted...

Metso has secured an order for a single-stage semi-autogenous grinding (SAG) solution for a low-carbon aluminium industry project in China. Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for global aggregates, minerals processing and metals refining industries. It can improve its customers' energy and water efficiency, increase their productivity, and reduce environmental risks with its product and process expertise. Although the exact value remains undisclosed, the order has been recorded in the minerals segment's first-quarter 2024 orders received. The delivery from Metso encompasses six SAG mills boasting a total installed power of 45MW alongside a Mill Reline Machine (MRM). Comprehensive services ranging from engineering and manufacturing to...

On Wednesday, February 21, China’s A00 aluminium ingot price gained RMB 210 per tonne to settle at RMB 18,880 per tonne, with the average prices between RMB 18,860 per tonne and RMB 18,900 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. As per the SMM data, the domestic aluminium ingot prices in Hangzhou and Wuxi have expanded by RMB 210 per tonne and RMB 200 per tonne to settle at RMB 18,880 per tonne. On the same day, the price in Foshan also gained RMB 200 per tonne to peg at RMB 18,990 per tonne. In Chongqing and Gongyi, the A00 aluminium ingot price has ascended by RMB 190 per tonne and RMB 180 per tonne to score at RMB 18,860 per tonne and RMB 18,760 per tonne. In Shenyang and Linyi, the aluminium ingot prices...

LME aluminium opened at US$2,195.50 per tonne on Tuesday, with its low and high at US$2,180 per tonne and US$2,236 per tonne respectively before closing at US$2,223.50 per tonne, up 1.21 per cent. The London Metal Exchange market on February 20 showed down pouring traits, wherein the LME aluminium cash bid price and the LME aluminium official price stood at US$2,147 per tonne and US$2,147.50 per tonne, respectively, with a plunge of US$37.50 per tonne or 1.72 per cent. The LME aluminium market has been volatile owing to the overburdening of Russian stocks in LME warehouses. The future outlook seems quite uncertain amidst the call for CBAM and other regulatory trade measures. The LME aluminium 3-month bid price halted at US$2,183 per tonne, and the 3-month offer price stood at US$2,183.50...

A year ago today, HWI and Calderys were united under single ownership and became the Calderys Group. The new Group immediately began an exciting program to share technologies, transferring a selection of Calderys solutions in the Americas to HWI - a member of Calderys, and bringing a selection of HWI products to EMEA and APAC, available through Calderys. The first stages of this technology sharing program are already bearing fruit, as customers in EMEA and APAC have access to a number of carefully selected, high-value HWI refractory products, and customers in the Americas can benefit from Calderys' tried-and-tested products, including steel casting fluxes. "The past 12 months have been exciting, demanding, and very productive for our newly-formed Group," says President and CEO Michel...

PT PLN (Persero) and its subsidiary, PLN Energi Primer Indonesia (PLN EPI), have inked a memorandum of understanding with JERA Co. Inc., aiming to reshape Indonesia's energy sector. This strategic collaboration delves into green energy initiatives, LNG infrastructure, and supply chain optimisation. Indonesia is poised for a transformative shift in its energy landscape, focusing on green energy alternatives. The collaboration between PLN EPI and JERA Co. Inc. holds immense significance in steering Indonesia towards a sustainable future. The emphasis on green or blue ammonia and hydrogen projects underscores a commitment to replacing conventional fossil fuels. LNG development and energy transition Iwan Agung Firstantara, Main Director of PLN EPI, underscores the pivotal role of gas,...

Nespresso, the distinguished global coffee company, has unveiled an eco-friendly innovation in the form of recyclable coffee pods made from recycled aluminium. This eco-friendly endeavour not only elevates the coffee experience but also resonates with Nespresso's commitment to environmental responsibility. Nespresso's latest development marks a pivotal moment in the coffee industry's quest for sustainability. The use of recycled aluminium underscores the company's commitment to mitigating its carbon footprint and embracing circular economy practices. This move aligns seamlessly with Nespresso's ambitious goal of achieving carbon neutrality by 2022. Design excellence and high-quality standards The sleek design of the new coffee pods does not compromise Nespresso's renowned quality. The...

Cecilia Daun Wennborg, currently serving on the boards of Getinge AB, Loomis AB, and Bravida Holding AB, among others, along with Mikael Bratt, who holds the positions of President, CEO, and board member at Autoliv Inc., have been nominated as prospective members of the Board of Directors. Their election is set to take place during the upcoming Annual General Meeting (AGM) scheduled for May 8, 2024. Concurrently, existing board members Katarina Lindström and Hans Porat will step down as they are not seeking re-election and will vacate their positions following the AGM. About Cecilia Daun Cecilia Daun Wennborg brings extensive expertise from executive roles across diverse sectors, including banking, insurance, and healthcare, spanning over two decades. With a wealth of experience, she has...

PA Resources, an aluminium extruder, has announced its acquisition of two industrial lands in Kuala Selangor. The purpose behind this acquisition, totalling RM21 million, is to construct a new factory, thereby expanding its production capacity. Malaysia-based PA Resources is an aluminium extruder engaged in fabrication and related services. According to a filing submitted to Bursa Malaysia on Monday, PA Resources disclosed that its wholly-owned subsidiary, PA Extrusion (M) Sdn Bhd, has finalised two sales and purchase agreements with Niken Steel (M) Sdn Bhd. These agreements entail the acquisition of two vacant leasehold plots spanning a combined area of 72,840 square feet. About the acquisition Notably, the leases for both parcels are set to expire on January 23, 2096. PA Resources has...

RenewSys India Pvt Ltd, a global leader in solar manufacturing, has inked a groundbreaking Memorandum of Understanding (MoU) with the Industries Department of Telangana, affirming an estimated investment of INR 6,000 crore. This move not only reinforces RenewSys' commitment to sustainable energy solutions but also positions Telangana as a potential hub for solar panel equipment. RenewSys, headquartered in Singapore, has already established manufacturing plants in Hyderabad, Bengaluru, and Patalganga. However, the decision to set up its largest integrated facility in Telangana reflects the state's allure as a conducive investment destination. The phased investment plan spans diverse aspects of solar manufacturing, encompassing PV modules and cells, underlining a comprehensive commitment...

In a warning echoing the echoes of the COVID-19 crisis, Norsk Hydro, Europe's largest aluminium producer, reveals a significant downturn in the construction sector in some of the continent's major countries. Pål Kildemo, the CFO of Norsk Hydro, points to a 50% decline in building and construction demand year-over-year in specific regions reminiscent of the challenges faced during the pandemic. In an interview with the Financial Times, he revealed: "We have certain countries and areas where we see up to 50 per cent fall in building and construction demand year-over-year, which is kind of like Covid-period impacts." The construction crash, driven by high rates and escalating building costs, has dealt a severe blow to the aluminium sector. Aluminium, extensively used in facades and...

The President of Guyana, Irfaan Ali, announced on February 19, 2024, that Guyana intends to export its surplus natural gas to Brazil and multiple Caribbean nations, with plans to power an alumina and gold refinery eventually. “Based on pure interest by investors, we are already seeing the second phase of gas coming in, and we will already have to support a second power plant,” the President said while attending the government-backed Guyana Energy Conference. Dr Ali stated that with Guyana's consumption of propane and butane standing at approximately 800 barrels per day, there would be an excess of 3,200 barrels of these natural gases available for export, thus stimulating the transport and logistics sector. Continuing his efforts to attract investors, the President emphasised including...

In 2023, domestic primary aluminium prices continued to surge, driven by a trend of robust internal demand contrasted with relatively weaker external markets. This dynamic opened a window for increased imports of primary aluminium, resulting in a significant uptick in annual import volumes. Moreover, reshaping the global trade dynamics for primary aluminium saw more products flowing into China, with Russia emerging as a critical source country. Consequently, China experienced a substantial uptick in primary aluminium imports in 2023, which mitigated the supply shortages stemming from local production cuts. Concurrently, imports of aluminium alloys also sustained at a scale of one million tonnes. General Administration of Customs data According to data from the General Administration of...

Designers often find themselves at a crossroads in the intricate dance between form and function. This dilemma becomes even more pronounced when catering to the discerning needs of modern travellers, who seek more than mere transportation. TUMI, a paragon of performance luxury lifestyle and accessories, deftly navigates this dichotomy with its mesmerising 19 Degree Aluminium series. TUMI's foray into manipulating aluminium in the 19 Degree series is a testament to the material's allure. The sinewy lines that grace each piece serve not only as a bold visual statement but also as an engineered feature, enhancing the overall rigidity of the luggage. The result is a marriage of aesthetics and durability, where the striking appearance is as formidable as the material itself. Functionality...

The Shanghai Metals Market on February 20 has shown deflecting aluminium prices, with the SMM aluminium ingot price being stuck at RMB 18,670 per tonne, down RMB 150 per tonne in one day. The average prices have ranged between RMB 18,650 per tonne and RMB 18,690 per tonne. If we consider the SMM aluminium ingot price on January 19, we can witness a Month-on-Month slump of RMB 160 per tonne or 0.85 per cent from RMB 18,830 per recorded that day. China’s eight major provinces have all experienced a gradual decline in SMM aluminium ingot prices, with the highest slump recorded in Hangzhou, Chongqing and Shenyang by RMB 150 per tonne, where for the first two places, the price stood at RMB 18,670 per tonne and for the latter it halted at RMB 18,720 per tonne. Tianjin also marked a similar...

LME aluminium opened at $2,218 per tonne on Monday, with its high and low at $2,229.5 per tonne and $2,192 per tonne, respectively, before closing at $2,197.5 per tonne, down 0.92 per cent. On Monday, February 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$17.5 per tonne or 0.79 per cent and US$18 per tonne or 0.81 per cent to settle at US$2,184.50 per tonne and US$2,185 per tonne. As per the LME data, 3-month bid price and 3-month offer price contracted by US$27 per tonne or 1.21 per cent and US$28.5 per tonne or 1.27 per cent to settle at US$2,203 per tonne and US$2,203.50 per tonne. December 25 bid price and December 25 offer price slumped by US$30 per tonne or 1.22 per cent to halt at US$2,422 per tonne and US$2,427 per tonne. LME...