Jamaica is preparing for a major shift in its mining industry, with the Government looking to expand mineral exploration beyond bauxite and alumina, develop higher-value products and reduce taxpayers' exposure to financially troubled state investments. The newly established Ministry of Mining and Geology is spearheading the initiative, with a broader agenda covering mineral diversification, fiscal reform, geological assessment and environmental accountability. Minister of Mining and Geology Floyd Green has begun implementing the new direction following a directive from Prime Minister Andrew Holness. The strategy, outlined during a high-level meeting of the Ministry, aims to reposition mining as a wider driver of economic growth, investment and national development. Limestone and critical...
Venezuela's aluminum industry could be making another move into the US market as commodity traders and mining investors explore a fresh shipment of primary aluminum. The discussions signal renewed commercial engagement between the two countries and could open another supply channel for US aluminum consumers. The proposed cargo would follow the return of Venezuelan aluminum to the US after years of restricted trade. However, the negotiations remain ongoing, and the potential shipment's significance will depend on whether the renewed trade activity develops into a sustained flow of 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 " Mercuria and...
Grow with
AL Circle
Recycling aluminium holds the potential to create a more sustainable and environment-friendly atmosphere. As a result, companies and regions worldwide are doing their bit to bring a sustainable environmental difference. Since April, the Cardiff region of the United Kingdom has managed to recycle 1.6 tonnes of aluminium and other coffee pods from over 2,600 residences. The coffee pods collected by the new service will be recycled in the UK, with the aluminium and plastic used to build new items such as packaging and automotive components, and the coffee grinds used to generate renewable energy and soil improver. The new programme enables families to join Podback so that the council may collect coffee pods from people's homes at no cost to the taxpayer to continue increasing the city's...
India is planning to build an industrial water transport corridor in the east. The plan, backed by Coal India, Paradip Port Authority (PPA) and the Inland Waterways Authority of India (IWAI), would cater to a major industrial cluster in India for the movement of finished products like aluminium, steel, sponge iron, and fertilisers. As per the reports, Coal India and the state waterways organisation expect to spend up to INR 120 billion ($1.46 billion) for the water transport corridor. The corridor, which could handle 12 to 15 million tonnes of cargo by 2030, would link two ports in the eastern state of Odisha through the Brahmi River. According to the individuals, who refused to provide their names because they were not authorised to talk to the media, the project intends to decongest and...
Aluminium Stewardship Initiative has certified SuperAlloy Industrial Co., Ltd. (SAI) with Performance Standard V3 (2022) Certification for manufacturing lightweight metal products for the automotive industry. The certification has been granted for producing high-end forged aluminium wheels and suspension parts for luxury and sports cars at Yunlin Plant I in Taiwan. SAI has an annual production capacity of 900,000 pieces. The independent, third-party audit of the SAI facility was done by DNV Business Assurance Services UK Ltd. The ASI Performance Standard V3 (2022) Certification was launched in May 2022, which defines 11 principles and 62 criteria under three sustainability pillars – Environment, Social, and Governance. The aim is to address pressing sustainability issues in the aluminium...
Established in 1993, Ruixin Packaging Printing is a leading manufacturer and supplier of high-quality packaging and printing solutions. The company has been successfully enlisted by AL CircleBiz, the world’s first global B2B marketplace. The key function of AL CircleBiz is to connect customers and sellers via queries against advertised items and business leads. Headquartered in Wenzhou, China, Ruixin Packaging has a solid reputation for producing innovative and customised packaging goods for customers all over the globe. Its dedication to quality, cutting-edge printing technology, and customer-centric approach make it a top option for companies looking for superior packaging solutions. The company has gained a reputation for producing top-class aluminium foil packaging materials like:...
Alstom has reportedly announced deploying new aluminium technology for Vande Bharat trains. The news came after the company’s CEO Henri Poupart-Lafarge officially said that new tech would be deployed for Vande Bharat for the first ever. Alstom’s engineering team in Bengaluru will design the Vande Bharat trains, while the parts of the trains will be made in Gujarat, said Henri Poupart-Lafarge. In an interview with CNBC TV-18, Alstom CEO highlighted the importance of Vande Bharat project for the Indian railways. He also said that Alstom is on the right track to meet the 1 billion EURO turnover target from India. "Our turnover in India has grown by over 40 percent this year... Over 25 percent of Alstom's engineering work is being done in India, and we want to take this figure to 33 percent...
During the second quarter, a famed fund manager in China made strategic moves in his investment portfolio. He increased his stakes in China Hongqiao Group, the world's second-largest aluminium producer, and the short-video platform Kuaishou Technology. At the same time, he opted to reduce his holdings in Chinese real estate. These actions shed light on skilled money managers' approaches to navigating challenging market conditions. The first among the top-ranked money managers to reveal their second-quarter portfolio reports was Qiu Dongrong at Zhonggeng Fund Management in Shanghai. Despite facing challenges such as the unprecedented Shanghai lockdown and the Ukraine-Russia geopolitical crisis, China's star fund managers remain optimistic about the world's second-largest stock market. They...
The LME aluminium benchmark price movement slowed down since last Friday, registering a total fall of US$41 per tonne in two days. On Monday, July 17, both LME aluminium cash bid price and LME aluminium official settlement price declined drastically over the weekend by US$30.50 per tonne and US$30 per tonne, respectively, to open the week at US$2,194 per tonne and US$2,195 per tonne. But despite the two consecutive days of fall , the LME aluminium benchmark price stood 4.72 per cent higher week-on-week than US$2,096 per tonne. The 3-month bid price and 3-month offer price also shrunk over the weekend by US$24 per tonne to rest at US$2,244 per tonne and US$2,245 per tonne. December 24 bid price and December 24 offer price decreased by US$16 per tonne to score at US$2,402 per tonne and...
Torrié, a Portuguese coffee brand owned by the José Maria Vieira company (JMV), has recently introduced 100 per cent aluminium coffee capsules. According to the producer, using aluminium in the capsules allows for better sealing power, assuring coffee protection against oxidation and heat resistance, which are important aspects in retaining the freshness of the smells. The new capsule collection includes ten ideas and is compatible with all Nespresso home equipment. Torrié Expresso comes in three varieties: smooth, classic, and strong. Torrié's new aluminium capsules are available at JMV's online shop and will be accessible in Portuguese and worldwide retail markets shortly. This is not the first time that companies have shifted towards aluminium coffee capsules to support sustainability...
Aludecor, India's leading brand in the premium Metal Composite Panel (MCP) market, launched its much-awaited aluminium honeycomb panels called Nexcomb, capable of ushering in a new age of architectural possibilities. Setting a new standard, Aludecor is the nation's first Metal Composite Panels producer to produce its honeycomb core. Nexcore, Aludecor's honeycomb core, offers an unrivalled mix of lightweight durability and outstanding strength, ushering in a new era of adaptable construction materials. Nexcomb, driven by Nexcore, is a homegrown breakthrough with the potential to disrupt various sectors, including aviation, building, aeronautics, transportation, external façade, false ceiling, clean rooms, partitions and more. "We are proud to unveil Nexcomb, a product that is set to...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production grew year-on-year in June 2023 as smelters resumed operations in southwestern Yunnan province after the ease of local power usage restrictions. As per the data released by NBS, China produced 3.46 million tonnes of primary aluminium in June, which reflected an increase of 2.9 per cent from a year ago. The daily average output amounted to 115,333 tonnes, up by 4.54 per cent from 110,323 tonnes in May. Yunnan began lifting power usage restrictions late last month following more rains in the region as that could generate a higher amount of hydropower. Around 500,000 tonnes of annual capacity returned to operations in the second quarter, according to Chen Xinlin, a senior consultant at Metals & Mining...
Shanghai Common Metal Products Co., Ltd has been successfully enlisted by AL CircleBiz, one of the fastest-growing B2B online marketplaces, to its 1200+ global community of verified sellers. Shanghai Common Metal Products Co., Ltd . is a recognised metal product producer, exporter, and seller with clients all over the globe. It has been devoted to supplying high-quality metal products that fulfil the different demands of its customers since its inception in 2017. Shanghai Common Metal serves clients across regions from North America, South America, Western Europe, Eastern Europe, Southeast Asia, the Middle East, Africa, and Oceania. Its significant market presence illustrates its commitment to global expansion and addressing clients' needs globally. The products offered by the company...
According to a recent report, JP Morgan Chase & Co. has increased the target price for Kaiser Aluminum from $69.00 to $70.00 for the semi-fabricated aluminium producer’s robust performance in Q3 earnings. As per the report, Kaiser Aluminium reported earnings per share (EPS) of $0.42 for Q2 2023, much ahead of the market estimation of $0.16. That showcased the company’s ability to outshine its competitors. Kaiser Aluminium also reported its revenue at $808 million for Q2 2023, close to the consensus estimate of $810.25 million. Although the revenue stood 14.9 per cent down than in the last year, it still demonstrated the company’s resilience amid challenging economic conditions. Kaiser battled with a negative return on equity at -3.35 per cent and a negative net margin at -0.65 per cent....
Stellantis, the multinational automotive manufacturing corporation, has announced that its Mulhouse foundry would produce die-cast aluminium housings to equip a new family of compact electric cars. For this, Stellantis will convert its foundry to electricity. The automaker has recently informed the unions that the plant would henceforth be dedicated to producing aluminium components for electric motors and will most likely be available by 2026. The automaker's electro-mobility plan is still being implemented. Stellantis aims for 100 per cent electric car sales in Europe by 2030 in the individual vehicle market. The company pledges 100 vehicle releases (including 75 electric) and at least ten new models between 2022 and 2030. "The Mulhouse foundry is confirmed as a strategic tool for the...
The Plansee Group, based in Reutte, Austria, initiated an ambitious project beginning in the spring of 2022. The project involves collaboration with Trimet, an aluminium manufacturer headquartered in Essen, Germany, as well as Arctus, a technology enterprise from Iceland, and Saarland University. The primary objective of this joint effort is to scale up a novel production method that eradicates the necessity of carbon in the aluminium manufacturing process. By replacing carbon dioxide with oxygen as a byproduct, this innovative approach significantly reduces the carbon footprint associated with aluminium production. Plansee High-Performance Materials specializes in the manufacturing of components from molybdenum and tungsten. Whether in the semiconductor industry, consumer electronics,...
LME aluminium opened at US$2279 per tonne last Friday, with low and high at US$2263 per tonne and US$2292 per tonne before closing down 0.42 per cent at US$2273.5 per tonne. On Friday, July 14, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$11 per tonne or 0.49 per cent to close at US$2,224.50 per tonne and US$2,225 per tonne. 3-month bid price and 3-month offer price also fell by US$9 per tonne or 0.39 per cent and US$10 per tonne or 0.43 per cent to score at US$2,268 per tonne and US$2,269 per tonne. December 24 bid price and December 24 offer price moved down the graph by US$4 per tonne or 0.16 per cent to reside at US$2,418 per tonne and US$2,423 per tonne. LME aluminium opening stock settled at 528475 tonnes. Live warrants and Cancelled...
Rio Tinto will build a hydrogen pilot plant in Gladstone and replace natural gas with clean hydrogen at an alumina refinery. Sumitomo Corporation will assist with the project. Hydro's North American extrusion unit received the Aluminium Stewardship Initiative Performance Standard V2 certification after passing an audit by DNV. 23 out of 100 sites in the US and Canada were certified. Hydro is supplying a Catholic University team with extruded aluminium structural members made from their certified product, Hydro CIRCAL, which has at least 75% recycled scrap. The team is rebuilding a geodesic dome in the Smithsonian's National Museum of American History. Cano Water promotes canned water as a sustainable alternative to plastic. They launched a campaign to encourage the use of sustainable...
The downstream aluminium sector witnessed significant developments this week. According to Pragun Khaitan, Vice-Chairman and Managing Director of Jindal Aluminium Ltd (JAL), the company plans to spend INR 100-150 crore to increase the production capacity of its Bhiwadi plant by 60,000 tonnes annually. Japanese firm Ryobi will invest $35.2 million to build a new facility in Shizuoka Prefecture. They plan to introduce a moulding machine to produce aluminium automobile components for domestic automakers by March 2025. Gränges released its Q2 and H1 2023 results, showing resilience despite decreased demand for aluminium. Gränges Q2 sales volume decreased by 1.7%, with total sales dropping by 12.6%. Jindal Aluminium Ltd (JAL) is plotting to spend between INR 100-150 crore to expand the...
According to our report, a new aluminium beverage can manufacturing and filling factory would be built in Azerbaijan. It will be a collaboration between Hungary, a central European nation, and Azerbaijan, a country in eastern Transcaucasia. The Vision EQXX concept car from Mercedes-Benz, a German luxury automobile manufacturer, has ushered in an exciting future for solar electric vehicles (SEVs), promising an astonishing leap in innovation and appeal. Chandrayan-3, India's third successful moon mission, was launched from the Satish Dhawan Space Centre in Sriharikota yesterday. North Korea fired its Hwasong-18 intercontinental ballistic missile (ICBM) for the second test on Wednesday. The missile employs solid-fuel technology, allowing it to launch with little preparation. Solid...
