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...
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According to the International Aluminium Institute data, alumina production in Africa & Asia (ex-China) during May 2023 amounted to 1.167 million tonnes, reflecting a month-on-month hike of 8.05 per cent from 1.080 million tonnes. The growth continued after an increase of 1.41 per cent in April from 1.065 million tonnes in March 2023. However, on a year-on-year calculation, Africa & Asia’s (ex-China) alumina output in May edged a fall of 3.55 per cent from 1.21 million tonnes, found IAI. The daily average output in May 2023 stood at 37,600 tonnes, up by 4.4 per cent M-o-M from 36,000 tonnes and down by 3.6 per cent Y-o-Y from 39,000 tonnes. Africa & Asia’s total alumina production during the first five months of 2023 amounted to 5.464 million tonnes – 4.16 per cent less than 5.701 million...
Hydro completed the acquisition of Polish aluminium recycler Alumetal S.A. on June 30 by bagging more than 97 per cent of its shares through tender subscription. The purchase of Alumetal will strengthen Hydro's recycling position in Europe and widen low-carbon product offerings in the market. This transaction is also a significant move towards Hydro's recycling ambition and its goal to enhance the use of post-consumer aluminium scrap by 2025 in a bid to reduce carbon footprint in metal industry. Eivind Kallevik, Executive Vice President of Hydro Aluminium Metal, explained, "With this acquisition, Hydro and Alumetal will together become the leading integrated aluminium recyclers in Europe. This will enable us to offer more low-carbon and recycled aluminium products based on post-consumer...
LME aluminium opened at US$2,134 per tonne last Friday, with its low and high at US$2,127 per tonne and US$2,151 per tonne respectively before closing at US$2,141 per tonne, up US$11 per tonne or 0.52 per cent. On Thursday, July 13, the LME aluminium cash bid price and LME official settlement price stopped at US$2,235.50 per tonne and US$2,236 per tonne, with the former rising by 4.15 per cent or US$89 per tonne and the later escalating by US$88.50 per tonne or 4.12 per cent. If we consider the LME aluminium spot price on July 13, last year, it was US$2,343 per tonne, which has fallen by US$107 per tonne or 4.6 per cent Year-on-Year to rest at what it was yesterday. The 3-month bid price went up the graph by US$92 per tonne or 4.2 per cent to close at US$2,277 per tonne, and the 3-month...
Norwegian aluminium giant, Hydro is recognized as one of the world's leading producers of low-carbon aluminium. Aluminium manufacturing is notorious for its high energy consumption and greenhouse gas emissions; however, Hydro has been actively working to minimize the environmental impact of its operations. To achieve low-carbon aluminium production, Hydro employs various strategies and technologies. The company aims to power its aluminium production with renewable energy sources, primarily hydropower, which is a clean and renewable energy source. This approach reduces carbon emissions linked to electricity consumption. Hydro is also actively exploring and investing in carbon capture and storage technologies. This technology involves capturing carbon dioxide emissions from industrial...
Hydro is supplying extruded aluminium structural members made from Hydro CIRCAL, the company's certified aluminium product containing at least 75 per cent recycled, post-consumer scrap, to a student-led Catholic University team that is reconstructing an iconic R. Buckminster Fuller geodesic dome inside the Smithsonian's National Museum of American History. Weatherbreak's student-led reconstruction at the Smithsonian's National Museum of American History started in early July and will be on display through the end of the month. Visitors to the museum will be able to see the building process and, once completed, walk within the dome as part of an exhibit. At its extrusion factory in Elkhart, Indiana, one of the company's several production facilities in North America providing the building...
The Indian imported aluminium scrap market recorded unpredictable patterns and considerable price contraction W-o-W in some grades by up to US$50 per tonne. As of today, Middle East-origin aluminium tension prices contracted by up to $50 per tonne to $1,520 CIF, whereas the remaining scrap grades dropped by $10-50 per tonne W-o-W. The global aluminium markets witnessed considerable volatility and changes, with a bid-offer spread of roughly $30-40 per tonne. Domestic demand, especially in the northern and southern regions, is sometimes low compared to other locations. Aluminium prices on the London Metal Exchange (LME) reached $2,147 per tonne Thursday, up $10 per tonne Y-o-Y. Furthermore, LME aluminium stockpiles fell by 7,975 tonnes y-o-y to 534,075 tonnes yesterday. The western region...
Taural India, a turnkey aluminium solutions provider, participated in the international GIFA 2023 exhibition to showcase their impressive achievements in aluminium sand casting. The event allowed Taural India to exhibit their dedication to the "Make in India" and "Atmanirbhar Bharat" initiatives, highlighting its ability to produce globally standardized critical components locally. Founded in 2016 as a joint venture between Indian entrepreneur Bharat Gite and the renowned Thoni Alutec group, Taural India has rapidly become a prominent manufacturing name. The company's skilled and experienced team provides exceptional aluminium solutions catering to complex and intricate business requirements. At GIFA 2023, Taural India displayed their state-of-the-art aluminium sand-casting products...
The aluminium industry is making constant advancements in promoting the environmental efficiency of its production. The use of aluminium is highly encouraged for multiple end-use industries. Sustainable and environmentally conscious packaging solutions drive the demand for recycled aluminium in the packaging sector. Aluminium's high demand and wide variety of applications are evident, especially in light of recent developments and explorations in the packaging field. From construction to automobiles to other usages like smartphones, watch bodies, furniture, and dresses, the aluminium industry is constantly promoting its production's environmental efficiency. Sustainable and environmentally conscious packaging solutions drive the demand for recycled aluminium in the packaging sector....
On Wednesday, North Korea launched its Hwasong-18 intercontinental ballistic missile (ICBM) for the second time. The missile uses solid-fuel technology, which allows it to launch with minimal preparation. Solid propellants consist of a mixture of fuel and oxidiser, with metallic powders like aluminium serving as the fuel and ammonium perchlorate as the most common oxidiser. The fuel and oxidiser are held together by a hard rubbery material and packed into a metal casing. When the propellant burns, it generates massive amounts of energy and temperatures of over 5,000 degrees Fahrenheit, creating thrust and lifting the missile from the launch pad. Solid fuel is an old technology that dates back to Chinese firework-making centuries ago. However, it made significant progress in the mid-20th...
China’s aluminium production in June 2023 (30 calendar days) stood at 3.37 million tonnes, reflecting a drop of 2.94 per cent M-o-M from 3.472 million tonnes, found the Shanghai Metals Market survey. However, on a year-on-year calculation, the output in June 2023 edged a marginal rise of 0.14 per cent, showed SMM. The share of liquid aluminium output dropped 3.5 percentage points M-o-M to 72 per cent in June as aluminium smelters cut the share of liquid aluminium output in response to poor demand. The domestic daily average aluminium production in June stood steady M-o-M at 112,200 tonnes despite a fall in monthly production. SMM data also showed the total domestic production in the first six months of the year (H1) amounted to 20.11 million tonnes, up by 2.81 per cent year-on-year....
Hydro announced on Wednesday, July 12, that its extrusion business unit in North America achieved Aluminium Stewardship Initiative Performance Standard V2 certification. Twenty-three of Hydro's hundred sites in the US and Canada obtained the certification after being audited by the independent, third-party firm DNV. On receiving the certification, Charlie Straface, President of Hydro Extrusion North America, said: "We are pleased to reach this ASI certification milestone in North America. The speed and breadth of this effort is an excellent reflection of Hydro's dedication to sustainability and responsible business practices." To acquire ASI certification, a production site should conform to the stringent governance standards, policy, management, transparency and reporting, environment...
In May 2023, Canada witnessed a 13 per cent increase in aluminium imports month-on-month, reaching 804,859 tonnes. This surge can be attributed to higher shipments from Brazil, which rose by 23 per cent, and the United States, which saw a 28 per cent increase. Lower production levels in April also contributed to the higher import numbers in May. Specifically, imports of aluminium ores and concentrates rose by 15 per cent to 717,937 tonnes, while imports of semi-finished products increased by 33 per cent to 14,949 tonnes. On the other hand, imports of finished products and scrap experienced a slight decline of 3 per cent and 1 per cent respectively. AL Circle 's industry-focused report, ' Global Aluminium Industry Outlook 2023 ', revealed that primary aluminium production in North America...
On Wednesday, July 12, both LME aluminium cash bid price and LME official settlement price hiked by US$18 per tonne or 0.84 per cent and US$18.5 per tonne or 0.86 per cent to close at US$2,146.50 per tonne and US$2,147.50 per tonne. 3-month bid price and 3-month offer price moved up by US$6 per tonne or 0.27 per cent and US$6.5 per tonne or 0.29 per cent to close at US$2,185 per tonne and US$2,186 per tonne. December 24 bid price and December 24 offer price grew by US$8 per tonne or 0.34 per cent, settling at US$2,340 per tonne and US$2,345 per tonne. LME aluminium opening stock halted at 528100 tonnes. Live warrants and Cancelled warrants scored at 272950 tonnes and 255150 tonnes. LME aluminium 3-month Asian Reference Price dipped by US$4.27 per tonne or 0.19 per cent to reside at...
After a thorough audit, AMAG has received a "Platinum" rating from EcoVadis in 2023. This puts AMAG in the top 1% of companies assessed in the "Precious Metals and Nonferrous Metals" category for sustainability performance. This isn't the first time AMAG has received a "Platinum" rating - they also achieved this in 2022 after receiving a "Gold" rating in 2021. This means that AMAG has consistently been one of the top-rated companies for three years in a row. During the EcoVadis assessment, AMAG Austria Metall AG was evaluated through a total of 21 criteria across four different areas - "Environment", "Labor and Human Rights", "Sustainable Procurement", and "Ethics". They were analysed on various targets, such as circular economy, energy consumption, greenhouse gases, impact on...
Beijing Dansen Aluminum Co. Ltd. is a reputable supplier of aluminium extrusions worldwide. They produce extruded aluminium profiles for windows in various shapes, sizes, and finishes, catering to innumerable commercial, industrial, residential, automotive, marine, energy, aerospace, and military applications. Al CircleBiz has enlisted Beijing Dansen Aluminum Co. Ltd. among one of the 1200+ valued aluminium products sellers in the world's first aluminium B2B platform. The company is headquartered in Beijing, with production bases in Xianghe and Chifeng, covering an area of 28,000 square meters. They have modern, imported aluminium plate processing equipment, an ITW Ransburg automatic spraying system, experienced management, and a first-class technical team. For over 14 years, Dansen has...
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters, has demonstrated its commitment to advancing in Artificial Intelligence (A.I.) by completing the "Green Anode Density Prediction" project with Nasser Artificial Intelligence Research and Development Centre. To celebrate this achievement, Alba CEO Ali Al Baqali and Nasser Artificial Intelligence R&D Centre CEO Dr Abdulla Naser Al Noaimi recognised the Centre's team involved in the project at an honouring ceremony held on Alba's premises. Dr Jassim Haji, the Centre's A.I. Executive Advisor, and other officials from Alba and Nasser Vocational Training Centre (NVTC) were also present. Dr Abdulla Naser Al Noaimi, CEO of Nasser Artificial Intelligence Research & Development Centre, emphasised the Centre's goal of...
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production in June 2023 (30 calendar days) totalled 6.46 million tonnes, down by 1.22 per cent from 6.54 million tonnes in May (31 calendar days). The daily average production in the said month was recorded at 215,000 tonnes, reflecting steady output compared to the earlier month owing to operation resumption in Henan, Guizhou, and Chongqing, along with newly added capacity. On a year-on-year calculation, China’s alumina output in June stood 4.2 per cent lower due to the closure of alumina capacities in high-cost areas like Shanxi, Henan, and Inner Mongolia. At the end of the month, China’s installed alumina capacity was 100.25 million tonnes, with an operating capacity of 78.58 million tonnes. The...
On July 11, 2023, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) Minister Filomena Tassi, and Vance Badawey, Member of Parliament for Niagara Centre, announced a $1 million investment for Lintec Label and Print Solutions in Brantford. The investment and a $500,000 contribution from Enterprise Brant will allow the company to purchase modern manufacturing equipment to produce eco-friendly, cost-effective packaging, including bags, pouches, and other solutions made from paper, aluminium foil, and bioplastics. This investment will also help the company improve its facilities, retrain current employees, and create eight new jobs in the Brantford community. The $1 million investment will allow Lintec to establish a supply of standard and sustainable packaging for...
