The merger will absorb CIE Aluminium Casting India into its parent, with no new shares to be issued and provisional net worth rising by INR 942.2 million (USD 9.82 million). CIE Automotive India has received approval from the Mumbai Bench of the National Company Law Tribunal (NCLT) to merge its wholly owned subsidiary, CIE Aluminium Casting India, into the parent company. The tribunal approved the scheme on September 24, 2026, paving the way for consolidation of the aluminium casting business. The merger by absorption has an appointed date of April 1, 2026. As CIE Aluminium Casting India is wholly owned by CIE Automotive India, the parent will not issue new shares. The subsidiary’s paid-up share capital will be cancelled once the scheme becomes effective. The companies said the...
According to SMM statistics, changes in aluminium ingot and aluminium billet (collectively referred to as aluminium inventory) inventories at major consumption areas in China around the National Day holiday from 2020 to 2026 show overall destocking before the holiday, with the most concentrated inventory buildup during the holiday, followed by a pullback after the holiday. During the one-week National Day holiday period (September 30 to October 8) from 2020 to 2025, aluminium ingot, aluminium billet, and total aluminium inventories all accumulated, with aluminium ingot increases of 4-17.3 per cent, aluminium billet increases of 12.7-66 per cent, and total aluminium inventory increases of 6.9-21.2 per cent, with the aluminium billet buildup significantly larger than that of aluminium...
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A multidisciplinary team from Missouri S&T, the Rolla-based research institute, was one of the seven finalists in NASA's 2023 Breakthrough, Innovative, and Game-Changing Idea (BIG Idea) Challenge: Lunar Forge. Last month, the study on lunar aluminium production was presented in Cleveland by the S&T team, headed by Jacob Ortega, a Ph.D. student in aerospace engineering and Kummer Innovation and Entrepreneurship Doctoral Fellow from Vallejo, California. The S&T lunar metal project began in autumn 2022 after the team submitted a proposal to NASA for the competition. In the spring of 2023, NASA declared S&T as a finalist and allocated cash to support the team's ongoing research. The experiment conducted by S&T was named "Lunar In-Situ Aluminium Production Through Molten Salt Electrolysis" and...
Eunomia Research & Consulting and Ball Corporation have recently launched an updated version of their "50 States of Recycling" report. This report is a unique and comprehensive assessment of common packaging materials in every state of the United States. It evaluates the generation, recycling, and disposal rates of these materials by utilizing data from various sources. The latest version of this report is an informative guide for policymakers, industries, and individuals to make informed decisions regarding recycling practices and waste management. Primary markers of the report have been listed below: States with Recycling Refunds have higher recycling rates than non-Refund states Refund states account for a large percentage of packaging recycled Refund states recycle more through...
Aludium, a company that specialises in producing aluminium rolled products for various global markets, has recently embarked on a long-term Power Purchase Agreement (PPA) with Statkraft, Europe's largest renewable energy generator based in Norway. The agreement aims to benefit both companies in the long run. The agreement between Statkraft and Fortia Energía has been signed in the spirit of strengthening their relationship and cooperation. This contract, which is set to become effective on July 1, 2024, is valid for ten years. Through this strategic alliance, Aludium will be able to meet over one-third of its annual electricity consumption needs with renewable energy, which is a significant milestone towards reducing the total carbon emissions intensity to less than 4.5 t CO2/t Al...
The Australia-based ABx Group has revealed that ALCORE, its 83 per cent stake subsidiary, has successfully conducted three test runs under standard process conditions following the activation of its state-of-the-art bath pilot batch reactor. Located at the ALCORE Technology Centre on the NSW Central Coast, the reactor is specifically designed to extract fluorine from an 'excess bath,' a waste product from aluminium smelting, to generate hydrogen fluoride. When operating at a commercial scale, a portion of the hydrogen fluoride will undergo further processing through an existing commercial method to produce aluminium fluoride, a high-value chemical crucial for aluminium smelting, which is currently entirely imported. The recently developed reactor is roughly ten times larger than the...
According to the latest data from the US Geological Survey, the United States' primary aluminium production in September 2023 stood at 60,000 tonnes, marking an extended month-on-month dip of 2,000 tonnes or 3.23 per cent. In August 2023, the United States' primary aluminium output had also seen a fall of 2,000 tonnes month-on-month to 62,000 tonnes. On a year-on-year calculation, the United States' primary aluminium production in September 2023 registered a fall of 1,000 tonnes from 61,000 tonnes. The average daily production in September 2023 was 1,990 tonnes, negligibly down from 2,000 tonnes in August. On an annual basis, the daily average output edged a drop of 1.49 per cent from 2,020 tonnes. USGS data showed that in September 2023, the total aluminium recovered from scrap was...
Established in 2007 in Delhi, Radiance Papers Private Limited is a reputable private limited company that specialises in importing, trading, wholesaling, and exporting high-quality aluminium scrap, aluminium alloy ingots, aluminium extrusion waste, aluminium casting scrap, and other related products. AL Biz has successfully onboarded the company to its list of 1700+ clients. AL Biz is the world's first global marketplace that connects millions of buyers and sellers across the entire aluminium value chain. The products offered by Radiance Papers Private Limited include: Aluminium Bottle Caps Scrap Aluminium Casting Scrap Aluminium Telic Scrap Aluminium Sheet Scrap Aluminium Wheel Scrap Aluminium Taint Tabor Scrap Aluminium Zorba Scrap ADC12 Ingot With a skilled team of professionals,...
In a recent announcement, Metro Mining Limited, a key player in the bauxite industry, proudly disclosed a noteworthy achievement in its operations despite facing a temporary setback due to Tropical Cyclone Jasper. As of December 13, 2023, the company has successfully produced and shipped 4.51 million Wet Metric Tonnes (WMT) of bauxite since April 2023, meeting the lower range of their projected sales guidance for the 2023 operating season. November was a standout month for Metro Mining, with a record-breaking 697,000 WMT shipped. Daily production rates aligned with the ambitious 7.0 million WMT per annum expansion rate set for 2024. This indicates a robust operational performance and a promising trajectory for the company's growth. However, Metro Mining encountered a temporary hurdle in...
On December 6th, the Aluminum Branch of the China Nonferrous Metals Industry Association held the "2023 Aluminum Industry Chain Market Operation Analysis Report Conference" in Nanning. Zhu Runzhou, President of China Aluminum Corporation, presented three opinions during his speech. China's aluminium industry chain is currently presented with three significant strategic opportunities: The high demand for green and low-carbon development and high-end material development creates a strong market driving force. The upgrading and iteration of information technology necessitate the speedy construction of a modern aluminium industry system characterized by intelligence, greenness, and integration. The new development pattern with domestic circulation as the primary body and domestic and...
During the United Nations Climate Change Conference (COP 28) in Dubai, the worldwide aluminium sector boldly committed to recycling all aluminium beverage cans by 2050 to achieve zero carbon (CO₂) emissions. The campaign was spearheaded by the International Aluminium Institute (IAI) along with Janaína Donas, executive president of the Brazilian Aluminium Association (ABAL), and Pierre Labat, senior vice president and director of Strategy and Sustainability at Novelis Inc. They attended the conference and approved the essential measures for the sector to accomplish the specified objective. COP 28 refers to the United Nations Climate Change Conference, which took place in Dubai between 30 November and 12 December 2023. The COP is where the world gets together to agree on methods to solve...
The extrutec long-term customer Purso Oy from Siuro Finland is widely known for its aluminium profile production of sustainable solutions for a wide range of uses, from industrial applications and building facades to lighting. The company pursues an ambitious goal to reduce its CO 2 emissions with every new investment. The electrically heated high-speed convection furnace (EHKO) from extrutec offers a system configuration that covers the complete basic heating with electric resistance-heating elements. As a result, the entire heating process can be made significantly more efficient, and fossil fuels can be completely eliminated. extrutec will deliver the new EHKO heater with a hot log saw as a replacement for an old gas-fired furnace. The installation will start at the beginning of 2025....
Vedanta Aluminium, a business of Vedanta Limited, has reportedly achieved a breakthrough in aluminium smelting technique that would reduce energy consumption and curb carbon emissions. On National Energy Conservation Day, Vedanta announced that its new energy-efficient technique, an advanced pot lining design, is ready to be deployed at its smelters to reduce energy consumption by up to 250 kWh per tonne of aluminium produced. Vedanta’s new advanced pot lining design provides a dual advantage by boosting the smelters' energy efficiency and enhancing the smelting pots' lifespan. The new pot lining design will be installed across Vedanta’s smelters, including Jharsuguda in Odisha and BALCO in Korba, Chhattisgarh. The smelters house several potlines, which are long buildings within the...
Today, the SMM aluminium price chart displays a noticeable increase of RMB 140 per tonne, with the price reaching RMB 18,770 per tonne. The average prices have circulated between RMB 18,750 per tonne and RMB 18,790 per tonne. In the Second Half of 2023, the SMM A00 aluminium ingot prices were hovering around the average of RMB 18,500 per tonne, with the highest number recorded on September 28, when the price was RMB 19,850 per tonne. By November 8, it fell by 3.12 per cent to settle at RMB 19,230 per tonne. There was a further slump of RMB 230 per tonne or 1.2 per cent by November 21, when the aluminium price stood at RMB 19,000 per tonne. From November 22 to December 13, there were intermediate drops in SMM aluminium prices, with a major hike recorded today on December 15. China’s eight...
The Western Australian Government has recently granted a conditional exemption to Alcoa, a major player in the mining and alumina refining industry, under section 6 of the Environmental Protection Act 1986. The exemption aims to safeguard local jobs and maintain compliance with environmental standards, acknowledging the unique circumstances surrounding Alcoa's operations governed by a 60-year-old state agreement. Alcoa's mining and refinery activities have long been managed through a state agreement, distinct from the regulations applied to other resource projects in Western Australia (WA). While most projects are regulated under the Environmental Protection Act 1986 and the Mining Act 1978, bringing Alcoa under the same acts would require an immediate cessation of activities, potentially...
LME aluminium opened at US$2151 per tonne yesterday, with its high and low at US$2220 per tonne and US$2151 per tonne, respectively, before closing at US$2210 per tonne, up US$65 per tonne or 3.03 per cent. On Thursday, December 14, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$53.5 per tonne or 2.56 per cent and US$54 per tonne or 2.59 per cent to close at US$2,136 per tonne and US$2,137 per tonne. As per the London Metal Exchange (LME) data, both the 3-month bid price and 3-month offer price surged by US$57 per tonne or 2.68 per cent to settle at US$2,180 per tonne and US$2,181 per tonne. December 24 bid price and December 24 offer price recorded a growth of US$55 per tonne to peg at US$2,298 per tonne and US$2,303 per tonne. LME aluminium...
According to China customs data, China’s bauxite imports in October 2023 stood at 11.1273 million tonnes, reflecting a month-on-month increase of 11 per cent and a year-on-year hike of 23.97 per cent. Guinea was the highest exporter of bauxite to China in the said month, supplying 7.084 million tonnes, up by 4.61 per cent M-o-M and 60.51 per cent Y-o-Y. Australia was the second largest exporter, providing 3.4229 million tonnes - 26.86 per cent more than the previous month and 3.44 per cent higher than a year ago. Other significant exporters were Turkey, supplying 226,700 tonnes; Sierra Leone, providing 147,600 tonnes; and Ghana, exporting 104,400 tonnes. Other countries that exported substantial quantities of bauxite to China in October 2023 were Jamaica (45,000 tonnes), Brazil (43,500...
METYCLE, a German scrap metal trading platform, has successfully raised $5 million to support its expansion plans. The funds will be used to meet the rising demand for recycling raw materials, such as aluminium used in electric vehicles and lithium used for batteries. This will not only promote sustainable practices but also help in the conservation of natural resources. Secondary metal or recycled metal is anticipated to play a massive role in the energy transition process, which encompasses adopting electric vehicles and making good use of renewable energy sources like wind and solar power. It has been observed that the CO2 emissions associated with the production of secondary metal from scrap, compared to the primary metal production from ores and concentrate, are significantly lower....
CleanPak, the leader of the aerosol recycling industry, has joined the UK Aerosol Recycling Initiative. The campaign, spearheaded by Alupro, the aluminium packaging recycling company, was established to boost awareness of and increase aerosol recycling in the UK. CleanPak, a division of Clean Eco Group situated in Hull, specialises in environmental services and uses advanced technology to dispose of aerosols, whether full or empty, safely. The plastic and metal components are segregated to facilitate recycling, while any remaining petrol and liquids are converted into fuel. “As a leading player in the aerosol recycling sector, the involvement of CleanPak will prove invaluable to the UK Aerosol Recycling Initiative as we continue to expand our activities nationwide. The knowledge, insight...
Funing County, located in Yunnan Province, has recently released the "14th Five Year Plan" for Energy Development related to the region. According to this plan, Funing County is projected to significantly increase electricity consumption, with green aluminium projects as the driving force behind this surge. By 2025, the anticipated aggregate social power consumption in Funing County is projected to reach 12.4 billion kilowatt hours, reflecting a growth of 8.3 billion kilowatt hours. The share of electricity use in the overall social energy consumption is projected to rise substantially to 92 per cent. The primary catalyst for the increased demand for energy consumption is the inclusion of an additional 11.8 billion kilowatt hours of power in the aluminium sector, while the overall...
