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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Emirates Global Aluminium has inked an agreement to supply alumina to The Alumina Industrial Company. This collaboration aims to foster the emergence of a new sector dedicated to manufacturing speciality products from alumina, aligning with the UAE's ambitious industrial growth strategy, Operation 300bn. The Alumina Industrial Company, a joint venture between the Maithan Group and Bathwal Corporation, is set to pioneer the UAE's inaugural facility for crafting speciality alumina products within the Khalifa Economic Zone Abu Dhabi. These specialised products find extensive utility in industrial refractories and abrasives, catering to a diverse range of industrial applications. EGA, the sole producer of alumina in the UAE, is crucial for a project requiring a local source of alumina. This...
LG Chem has inked a colossal cathode material supply contract with General Motors (GM), setting the stage for a formidable partnership in the North American market. Valued at an impressive 25 trillion won, this agreement, announced on Feb. 7, is poised to reshape the landscape of electric vehicle (EV) production. LG Chem unveiled the monumental deal at the LG Twin Towers in Seoul, solidifying its commitment to supply GM with cathode materials worth a staggering 24.75 trillion won until 2035. The scale of this collaboration is immense, with an anticipated exchange of over 500,000 tons of cathode materials, sufficient to power approximately 5 million high-performance electric vehicles, each capable of covering 500 km on a single charge. LG Chem's strategic vision: Strengthening cooperation...
Original equipment manufacturers (OEMs) in the automobile sector saw M-o-M surge in aluminium ADC12 alloy ingot prices, climbing by INR 6,000 per tonne to reach INR 204,000 per tonne, excluding GST, at the ex-works (exw) Delhi rate. Meanwhile, spot prices for ADC12 alloy ingots increased by INR 1,500 per tonne week-over-week, reaching INR 198,500 per tonne, excluding GST. What's driving up costs? In the north Indian market, the shortage of raw materials, specifically tense scrap, has led to elevated prices, with tense scrap currently priced at INR 167,000-168,000 per tonne exy Delhi, excluding GST. India's largest automobile manufacturer and the price settler in the domestic aluminium alloy ingot space announced its monthly aluminium alloy ingot ADC12 settlement prices at INR 199,500 per...
In a significant stride towards advancing the future of clean energy in the Middle East and North African region (MENA), Array Technologies (Array), a global leader in utility-scale solar tracking solutions, has inked a strategic partnership with Aluminum Products Company (ALUPCO®), a distinguished aluminium extrusion company. The collaboration between Array and ALUPCO® represents a convergence of expertise, reliability, and innovation. This partnership is positioned strategically to play a crucial part in transforming the energy landscape in Saudi Arabia and the broader MENA area. The shared commitment to excellence, focusing on performance and sustainability, positions both organisations as pioneers and innovators in the renewables industry. Leadership voices: Array CEO and ALUPCO® CEO...
Hindalco, the world's largest aluminium rolling and recycling company, is partnering with Xynteo to host 'The Exchange,' a two-day event in New Delhi. This collaboration is geared towards bringing together key stakeholders from various sectors to strategise solutions for India's goals of equitable and sustainable development by 2030. The event, titled 'India@2030 - Scaling Good Growth,' will feature prominent speakers like Amitabh Kant, G20 Sherpa for India, and Suman Bery, Vice Chairman of NITI Aayog. Dignitaries from diverse fields, including space exploration, technology, and business, will share insights on actionable approaches to overcome common challenges hindering sustainable development in India. The 'The Exchange' event will be hosted at the Manekshaw Centre, New Delhi, on...
A report revealed on Tuesday, February 6, that Shanghai Ace Investment & Development Co., Ltd., a China-based company engaged in supply chain logistics and supply chain implementation of the trading business, mulls over signing bauxite purchase and sale contracts with Alcoa World Alumina LLC and Shanxi Aokaida Chemical Co., Ltd. This contract's signing and smooth implementation is expected to enable Shanghai Ace Investment & Development Co., Ltd. to generate potential operating results. According to the deal, the company will provide transportation services before the cargo rights shift. The contract mentions a few clauses, such as, in case of any significant changes in the external macro environment, like alternations in relevant national policies, fluctuations in bauxite demand and...
In recent years, there has been a global resurgence in commitments to carbon neutrality, with countries worldwide revising their policies and strategies to attain these objectives. This movement has coincided with a remarkable increase in the adoption of electric vehicles and a substantial rise in investments directed towards renewable energy projects. Many nations are prioritising these investments as part of their efforts to enhance energy independence and sustainability. As per IAI's analysis, primary aluminium production in Europe amounted to approximately 6.73 million tonnes in 2023. This marked a 3.95 per cent decline from the previous year's production of 6.99 million tonnes, primarily attributed to persistently high energy costs that had adversely impacted the European primary...
Alro, a significant player in Europe's aluminium industry, recently invested USD 2.75 million in a cutting-edge electric furnace, supplied by SECO/WARWICK. This move aligns with the company's commitment to eco-friendly practices, replacing three gas-fired furnaces. The new furnace not only enhances efficiency in the heat treatment process within Alro's Wrought Aluminum Division but also underscores their pursuit of greener production. The company declared in a statement: "This state-of-the-art electric furnace will replace three natural gas-fired furnaces to streamline the heat treatment operations within Alro's Wrought Aluminum Division and represents an important step towards achieving the company's goal of becoming a greener producer." The innovative electric furnace not only...
On Thursday, February 8, the Southland Chamber of Commerce reported that it is assisting to prepare for the potential closure of the Tiwai Point Aluminium Smelter at the end of 2024. The chamber is working closely with the smelter to enable it to deal with any uncertainty if that defers the closure again. Upon the smelter's closure, about 750 direct jobs would be affected, along with 2,500 livelihoods in the region indirectly associated with the smelter. According to the company's report, the smelter produces about 330,000 tonnes of aluminium a year. Initially, the smelter was announced to be closed by the end of 2021; however, following a new energy contract with Meridian Energy, it extended its operations until the end of December 2024. Chief executive of the Southland Chamber of...
SUVs and trucks dominate the American automotive landscape, while sedans are declining in popularity. However, within the EV market, there are still notable four-door options. Despite lacking SUVs' bulk, elevated viewpoint, and storage capacity, sedans appeal to those who prefer a more traditional car experience. Although they may not accommodate large battery packs as easily, they compensate with lighter weight and enhanced agility. Additionally, sedans often come at a more affordable price point compared to larger vehicles, although premium luxury sedans can still command six-figure prices. According to a survey conducted by Ducker Carlisle among automakers and Tier 1 suppliers, the ongoing mass market integration of electric vehicles is projected to fuel a rise in aluminium demand...
In recent years, the Indian foundry industry has experienced consistent growth, buoyed by rising demand across multiple sectors, including automotive, engineering, energy, and infrastructure. Numerous foundries are embracing modernisation initiatives to enhance production efficiency and promote eco-friendly practices. The significance of automated production processes over manual labour, simulation techniques, digitalisation through software and ERP systems, and 3D printing is on the rise. Simultaneously, environmental considerations related to raw material usage, auxiliary materials, and CO 2 emissions reduction are gaining prominence. Indian foundries increasingly prioritise eco-friendly materials, recycling practices, and waste reduction efforts to minimise their ecological footprint....
LME aluminium opened at US$2,230.50 per tonne on Wednesday, with its high and low at US$2,234 per tonne and $2,214.50 per tonne, respectively, before closing at US$2,221.50 per tonne, down 0.34 per cent. On Wednesday, February 7, LME aluminium cash bid price and LME aluminium official settlement price increased by US$11 per tonne or 0.50 per cent to reach US$2,195 per tonne and US$2,195.50 per tonne, respectively. 3-month bid price and 3-month offer price built up by US$8 per tonne and US$9 per tonne to settle at US$2,228 per tonne and US$2,230 per tonne, while December 25 bid price and December 25 offer price added US$3 per tonne to stand at US$2,453 per tonne and US$2,458 per tonne. On the same day, LME aluminium opening stock stood at 528,050 tonnes, up by 1,300 tonnes from 526,750...
China’s A00 aluminium ingot price has descended by RMB 10 per tonne to settle at RMB 18,910 per tonne as of Thursday, February 8. As per the SMM data, the prices have fallen in all the provinces. To begin with, the prices in Foshan and Gongyi have fallen by RMB 50 per tonne and RMB 10 per tonne to arrive at RMB 18,920 per tonne and RMB 18, 840 per tonne. On the same day, the prices in other regions like Wuxi, Hangzhou and Chongqing decreased by RMB 10 per tonne to clock at RMB 18,910 per tonne, respectively. In Shenyang, Tianjin and Linyi, the domestic aluminium ingot prices have also experienced the same price cut to reach RMB 18,910 per tonne. The low carbon aluminium price has slumped by RMB 52 per tonne to halt at RMB 19,696 per tonne. The price of aluminium alloys (ADC12), aluminium...
Guiyang Institute and Changsha Nonferrous Metallurgy Design and Research Institute Co., LTD., both esteemed members of Chinalco International, recently inked a strategic cooperation agreement. This historic collaboration, marked by a formal signing ceremony, underscores the deep-rooted tradition of cooperation and emotional camaraderie between the two institutes. On January 30, the leadership teams from Guiyang Institute and Changsha Institute, including Changsha Institute Party Secretary Tan Ronghe and Guiyang Institute Party Secretary Yuan Chi, gathered for the signing ceremony. The ceremony, presided over by Yuan Chi, signified a new pinnacle in their enduring partnership. The inception of the collaboration – Strategic goals The agreement solidifies the commitment of Guiyang Institute...
In 2023, Chinalco Guinea's bauxite production and return volume reached a new high, leveraging the strategic deployment of overseas resources of Chinalco Group and Chinalco shares. As per the report, the company achieved 104.8 per cent of the annual target task, marking a new chapter in the development of the Bofa project in West Africa. This achievement was possible as Chinalco Guinea seized all favourable production opportunities. Chinalco Guinea also improved its supply capacity through various measures such as precise management, residual ore recovery, and strengthened technological transformation. The company deployed a team of personnel at the production line, scientifically designed more than 1400 mining machine operation belts, and efficiently improved work efficiency to ramp up...
In a harmonious marriage of sustainability and sophistication, Zeena, the illustrious Spain-based canned wine artisan under the Mindful Drinkers umbrella, is poised to elevate the in-flight experience aboard Air Europa. Zeena's 100% recyclable aluminium beverage cans, meticulously crafted for the mindful connoisseur, will grace the airline's menu, curated by the visionary minds at Gateretail. At the heart of Zeena's allure lies its unwavering commitment to quality, manifested through organically grown wines, untainted by additives and sugars, proudly bearing the coveted vegan certification. However, the true star is the packaging – recycled and 100% recyclable aluminium cans adorned with an internal Vinsafe film, ensuring the preservation of aroma and flavour. These cans, not only symbols...
The American multinational corporation Coca-Cola is all set to spice things up with their newly launched 'Spiced Zero Sugar', the first permanent flavour to be introduced by the brand in three years. The new flavour will be available in both aluminium cans and pet bottles. Described as a fusion of the traditional Coca-Cola flavour with refreshing raspberry tones and subtle spiced accents, Coca-Cola Spiced is set to hit national retail shelves starting February 19th. Coca-Cola Spiced Zero Sugar will also be available alongside the regular version for those watching their sugar intake. The new beverage will be offered in various packaging options, including 12-ounce sleek aluminium cans, 12-ounce twelve packs, ten-pack mini aluminium cans, and 2-litre bottles. Coca-Cola Spiced Zero Sugar...
According to the International Aluminium Institute, North America’s primary aluminium production in December 2023 stood at 339,000 tonnes, bringing the output of the fourth quarter to 1.004 million tonnes, up by 2.03 per cent from 984,000 tonnes in Q3. On a year-on-year basis, primary aluminium production in North America during December 2023 edged an increase of 5.61 per cent from 321,000 tonnes, while the output in Q4 reflected a rise of 6.58 per cent from 942,000 tonnes. In the entire year, North America’s primary aluminium production totalled 3.9 million tonnes, up by 4.19 per cent from 3.743 million tonnes in 2022. This hike was primarily driven by the output during the second half of 2023, amounting to 1.988 million tonnes. Compared to 1.908 million tonnes H1 2023, the production in...
