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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On July 10, according to a report submitted to the Bucharest Stock Exchange, Alum Tulcea's shareholders approved the sale of Global Aluminium Ltd BVI, the subsidiary through which the company held ownership of the bauxite mines in Sierra Leone. However, Alum Tulcea is 99.4% owned by Romanian integrated aluminium company Alro. At the Annual General Meeting (AGM), Alum Tulcea, the sole shareholder, decided to divest by selling a certain number of shares, constituting the entire share capital of Global Aluminium Ltd BVI. The mandate was given to the Company's Board of Directors to negotiate and finalize the price and terms of the transaction. Earlier, it was disclosed by the company that an unsolicited proposal had been received from a local investor in Sierra Leone. The offer pertained to...
According to a report on Monday, July 10, a new aluminium beverage can manufacturing and filling plant will come up in Azerbaijan as a joint effort of Hungary, a central European country, and Azerbaijan, a country of eastern Transcaucasia. The news came after the Minister of Economy of Azerbaijan Mikayil Jabbarov tweeted about the agreement signed between Azerbaijan Investment Company JSC and Hell Energy Company of Hungary in the presence of Foreign Affairs and Trade Minister of Hungary Peter Szijjarto. Minister Mikayil Jabbarov said, “The implementation of the project will contribute to the strengthening of cooperation between the business circles of the two countries, the increase of local production and the provision of employment.” As per the report, the Azerbaijan-Hungary project is...
On Monday, July 10, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10.5 per tonne or 0.50 per cent and US$10 per tonne or 0.47 per cent to close at US$2,095.50 per tonne and US$2,096 per tonne. 3-month bid price and 3-month offer price also hiked by US$14.5 per tonne or 0.68 per cent and US$16 per tonne or 0.75 per cent to settle at US$2,145 per tonne and US$2,147 per tonne. December 24 bid price and December 24 offer price went up by US$15 per tonne or 0.65 per cent to peg at US$2,303 per tonne and US$2,308 per tonne. LME aluminium opening stock halted at 534075 tonnes. Live warrants and Cancelled warrants arrived at 274300 tonnes and 259775 tonnes. LME aluminium 3-month Asian Reference Price ascended by US$15.86 per tonne or 0.74 per cent to...
Following its establishment in 1974, Albitar Factory Co. has been a renowned global player in the glass manufacturing industry. Their dedication to customer satisfaction is evident in their provision of high-quality products manufactured following the highest international standards. Prompt service and customized products tailored to meet specific needs are also part of their commitment to their clients. Through strategic expansion, Albitar Factory has been able to capitalize on its existing infrastructure and reputation to produce a diverse range of glass products. These include facade buildings, super-strength glass units, high-standard works, aluminium works, decorative steel, and structural steel. They've become one of the top suppliers of glass, ornamental steel, and aluminium...
On Monday, July 10, Azerbaijan announced to invest in the reconstruction of the Tajik Aluminium Company (TALCO) smelter in Tajikistan. This plan was mutually agreed between Azerbaijan and Tajikistan during the sixth session of the Joint Intergovernmental Commission on Trade and Economic Cooperation, held in Baku. As agreed, Azerbaijan will play an active role in collecting capital for the construction of the Tajik Aluminium Company (TALCO) and exporting alumina to Tajikistan. In return, Azerbaijan will secure aluminium, cryolite, and aluminium fluoride from Tajikistan. Azerbaijan and Tajikistan entered into this agreement after the sixth session of the Joint Intergovernmental Commission on Trade and Economic Cooperation on July 7. The deal outlines bilateral cooperation and sets the stage...
Boss Aluminium, a reputable Australian company known for its top-quality 4x4 vehicle accessories, has recently launched the latest version of its Boss 270 Awning. Constructed in-house in Melbourne, the Boss 270 Awning is made with state-of-the-art machinery, lightweight aluminium chassis arms, and a robust Tri-axis gusseted hinge. This new iteration boasts improved features that make setting up and packing easier, ensuring a hassle-free outdoor adventure experience. The company's founder, Dave Whitehead, conceptualised the awning, primarily recognising the need for a freestanding tent suitable for off-road conditions. Dave Whitehead, the company's founder, assessed: "Boss has exceptionally high standards, and our customers demand and expect the very best products from us. Quite frankly,...
The BlueGreen Alliance, a non-profit organization based in Washington, has recently published a report presenting recommendations to address the downward trend in the primary aluminium industry in the United States. The report focuses on meeting the increasing demand for aluminium from the clean energy sector, creating well-compensated employment opportunities, enhancing national security, and reducing industrial emissions. Despite recognizing the benefits of secondary aluminium production, the organization highlights the insufficiency of scrap supplies, indicating a greater need for primary aluminium production. The BlueGreen Alliance unites labour unions and environmental organizations to solve today’s environmental challenges in ways that create and maintain quality jobs and build a...
The Slovenian aluminium producer Talum has secured a loan of EUR 15 million from SID Bank, the country's national export and development bank. This loan aims to support Talum in implementing environmentally friendly measures within its production processes. Specifically, Talum aims to enhance the sustainability of its products by augmenting the utilization of recycled aluminium. On September 29, 2022, Talum, also one of the leading energy-consuming industries in the country, declared that the company had decided to reduce its primary aluminium production w.e.f October 1, 2022, due to the energy crisis. However, in March 2023, Talum announced that it would shut down its remaining aluminium electrolytic furnaces in April 2023. Talum shut down its remaining aluminium electrolytic furnaces in...
Socorro Bebidas, a prominent Brazilian beverage producer, has recently joined forces with Crown Embalagens Metálicas da Amazônia to unveil a brand-new selection of flavoured mineral water packaged in CrownSleek aluminium cans. The zero-calorie Acquíssima Sabor mineral water can be enjoyed in convenient 350ml aluminium cans and comes in two tantalizing flavours, namely Lychee and Green Apple. This innovative product line caters to the health-conscious consumer and can be easily purchased at various restaurants, Acquíssima stores, and supermarkets throughout Brazil. The commercial director of Socorro, Maurício Cruz, commented: “We are proud to continue our work with Crown as we launch the newest addition to the Acquíssima portfolio.” “We created the Acquíssima Sabor line to give Brazilian...
The non-ferrous metals market in India is displaying mixed pricing trends. Aluminium prices are relatively stable, maintaining a consistent range. However, specific grades of aluminium are facing a decline in prices due to decreased demand. On the other hand, copper prices have rebounded, primarily due to India's increased procurement of copper scrap. The lead market has been slow-moving, with no significant transactions being reported. Meanwhile, the zinc market has remained relatively stable without experiencing significant fluctuations. Aluminium scrap prices in the domestic market saw a minor week-on-week decline, with a decrease of 1.2 per cent for aluminium tense prices and a 1.7 per cent dip for utensil prices. Trading activity remained subdued due to weak demand for the material....
Ryobi will invest about 5 billion yen or U$35.2 million to construct a building on the premises of its Kikugawa plant in Shizuoka Prefecture and introduce a moulding machine with a 6,000-tonne clamping force. It expects to receive orders for aluminium automobile components mainly from domestic automakers from March 2025 following a trial run. Japanese company Ryobi, a major supplier of aluminium auto parts, will use gigacasting technology to create sizeable electric-vehicle body parts. This technology promises to reduce the manufacturing cost of a car body by 20%. Ryobi is using the technology to die-cast one large aluminium component designed to replace dozens of steel parts. Other auto parts suppliers, including Tesla , Xpeng , Zhejiang Geely Holding Group, Volvo Cars, Volkswagen, and...
According to the US Geological Survey, the United States domestic primary aluminium production in April 2023 stood at 63,000 tonnes, down by 2,000 tonnes or 3.08 per cent from 65,000 tonnes in March 2023. On a year-on-year calculation, the output plunged by 19,000 tonnes or 23.17 per cent from 82,000 tonnes. The United States' total production of primary aluminium in the first four months of 2023 amounted to 251,000 tonnes. The average daily production in April 2023 was 2,100 tonnes, almost restrained compared to 2,110 tonnes in the previous month and down by 640 tonnes or 23.36 per cent from 2,740 tonnes a year ago. Total aluminium recovered from scrap in April 2023 was 270,000 tonnes – 5,000 tonnes or 1.82 per cent less than 275,000 tonnes in March '23 and 18,000 tonnes or 6.25 per cent...
Delfin emerged from the unwavering dedication of its founder, Antonino Siclari, towards the industrial vacuum industry. Over the years, Siclari has ceaselessly strived to provide customers with cutting-edge and practical solutions, prioritizing quality and design. Headquartered in Italy, Delfin has become a trusted name in addressing vacuuming challenges for professionals and industries across the globe. For more than three decades, Delfin has been at the forefront of revolutionizing the cleaning and maintenance experience across various industries. As an industrial vacuum company, it continuously strives to develop cutting-edge solutions that effectively address complex challenges, ultimately enhancing production efficiency, guaranteeing safety, and boosting productivity. With its bold...
Jindal Aluminium Ltd (JAL) is plotting to spend between INR 100-150 crore to expand the production capacity of its Bhiwadi plant by 60,000 tonnes per annum, according to Pragun Khaitan, the company's vice-chairman and managing director. This investment follows a previous investment of INR 250 crore in 2022 and an initial INR 100 crore in 2021. The total investment of approximately INR 500 crore will help JAL meet the growing demand for its products. Momentarily, with a capacity of 1.25 lakh tonnes per annum, Jindal Aluminium is India's largest aluminium extrusion company. They have a significant share in India's extrusion market and are the country's largest manufacturer. MD Pragun Khaitan exclaimed: "The way demand is growing, I think we need to work on all cylinders in terms of growth,...
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 Friday, July 7, the LME aluminium cash bid price shed US$18 per tonne or 0.85 per cent to rest at US$2,085 per tonne, while the LME official settlement price clocked at US$2,086 per tonne, with a fall of US$17.50 per tonne or 0.83 per cent. The 3-month bid price and the 3-month offer price plunged by US$19 per tonne or 0.88 per cent to close at US$2,130.50 per tonne and US$2,131 per tonne, respectively. December 24 bid price and December 24 offer price both dropped US$20 per tonne or 0.86 per cent to officially stop at US$2,288 per tonne and US$2,293 per tonne. LME aluminium...
European aluminium producers have expressed concerns about a potential breach in the European Union's carbon border tax (CBAM), which could enable heavily polluting exporters like China and other Asian countries to evade regulations and inundate the bloc with inexpensive heavy metal emissions. The EU's carbon border tax proposal introduces a charge on the carbon dioxide (CO₂) emissions generated while producing imported goods within the bloc. Under this framework, remelted waste pieces of aluminium can be classified as zero-carbon products, irrespective of whether the initial virgin material was produced using fossil fuel-fired power sources. According to statements given to British daily business print media by Norwegian aluminium giant Norsk Hydro and the German aluminium rolling and...
The end user sector has been a witness to various advancements this week, with Technal opening its brand new regional headquarters in Riyadh and Alumaze inaugurating a new manufacturing plant for aluminium composite panels (ACP) in Vishakhapatnam. It has been sourced that Chinese automakers now sell over 50% of cars in their domestic market, marking a significant milestone. Their growing influence is recognized in the world's largest car market. AlixPartners predicts they will achieve a majority share of China's automobile market, though, local brands offer competitive pricing, new models, and establish themselves as EV manufacturers. Researchers have developed the world's first non-toxic aluminium radical battery. Traditional batteries contain harmful substances that are difficult to...
EOS GmbH is preparing to deliver its next high-strength aluminium alloy, the EOS Al5X1, this summer, recently demonstrated at the RAPID + TCT exhibition. This material was created due to EOS' new material screening strategy, which considers its clients' individual needs and application designs. According to Kotak Institutional Equities, Novelis, an independent US-based subsidiary of Hindalco Industries and a leading producer of aluminium, is expected to face margin pressure for at least the next two to three quarters due to weaker demand in the building and construction sector, reduced aluminium can stocking, and lower aluminium prices. Calderys launched a new Foundry Service Centre in Mariestad, a key position in the Nordic area, to provide its Foundry clients with speedier solutions and...
