The Canyon Resources’ subsidiary has acquired 42.8 per cent of Douala Port Timber Terminal, adding a port interest to its existing railway stake as it develops a planned route for Minim-Martap bauxite. Camalco Cameroon is extending its position in the logistics network being planned for the Minim-Martap bauxite project, acquiring a 42.8 per cent stake in Douala Port Timber Terminal (TBPD). The investment adds a port-related interest to its existing shareholding in Camrail, the railway operator expected to form part of the project’s transport route. The acquisition was completed through a capital increase at TBPD, rather than the purchase of shares from existing shareholders. Camalco invested XAF 347.447 million (USD 604,000), subscribing to newly issued shares reserved entirely for the...
The aluminium industry is entering another phase of supply-chain repositioning. Across bauxite, alumina and primary aluminium, companies are investing in new resources, consolidating strategic assets and expanding processing capacity, while governments are increasingly treating domestic supply as a strategic priority. The latest developments from Australia, Guyana, Guinea, Indonesia, the US and India point to a market where resource security, processing location and control over supply chains are becoming as important as production growth. At the same time, new trading mechanisms and changing investment patterns are beginning to influence how aluminium and its raw materials reach the market. Bauxite supply expands, but securing the right tonnes is becoming harder In Western Australia, VBX...
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This week, the London Metal Exchange (LME) experienced a second consecutive decline in the non-ferrous metals market. Similar to LME, the domestic Indian market also showed a downward trend. Trading activities remained moderate throughout the week. The three-month aluminium futures on the LME fell by 3.4 per cent to US$2,134 per tonne, while nickel settled at US$16,806 per tonne (down 1.4 per cent). Copper prices were US$8,448 per tonne, while zinc fell by 4.4 per cent to US$2,399 per tonne. Lead prices also decreased by 4.4 per cent to US$2,025 per tonne. The LME warehouse stock level exhibited mixed trends week over week. SteelMint’s assessment suggests last week, there was a rise in copper inventories by 4.2 per cent W-o-W, increasing by 7,350 tonnes to reach 181,600 tonnes. This led...
At the United Nations Climate Change Conference (COP28), aluminium and can industry unanimously agreed to the goal of recycling nearly 100 per cent of aluminium beverage cans by 2050. The world-leading companies and associations which gave consent to this target were Emirates Global Aluminium, the Australian Aluminium Council, the United States Aluminum Association, Ardagh Metal Packaging, the Aluminium Association of Canada, the Can Manufacturers Institute, the European Aluminium, Ball Corporation, Crown Holdings, Novelis, Japan Aluminium Association and many others. Initially, they would strive to achieve an 80 per cent recycling target by 2030 and then 100 per cent by 2050. Coordination must come from the state and national levels to meet this recycling goal. The governments must...
If we follow the SMM price chart, we can see that the Chinese aluminium market has not seen extreme growth in 2023; instead, the prices stayed around the average of RMB 18,000 per tonne, with a slight recovery on April 20, when the price stood at RMB 19,110 per tonne. Today, on December 13, the SMM A00 aluminium price has shifted upward by RMB 10 per tonne to reach RMB 18,450 per tonne, with average prices ranging between RMB 18,430 per tonne and RMB 18,470 per tonne. On September 13, the aluminium price was RMB 19,430 per tonne; therefore, we can calculate a Quarter-on-Quarter downfall of RMB 980 per tonne or 5.04 per cent. The month of September was the only time when the market seemed stable, with the first day recording RMB 19,610 per tonne, which grew by RMB 240 per tonne or 1.22 per...
LME aluminium opened at US$2121 per tonne yesterday, with its high and low at US$2143 per tonne and US$2116 per tonne, respectively, before closing at US$2124 per tonne, flat from the previous trading day. On Tuesday, December 12, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$8 per tonne or 0.38 per cent to settle at US$2,090 per tonne and US$2,090.50 per tonne. 3-month bid price and 3-month offer price grew by US$9.5 per tonne or 0.44 per cent to clock at US$2,136 per tonne and US$2,136.50 per tonne. December 24 bid price and December 24 offer price also increased by US$8 per tonne or 0.35 per cent to peg at US$2,255 per tonne and US$2,260 per tonne. LME aluminium opening stock came in at 450225 tonnes. Live warrants and Cancelled warrants...
DP World, an Emirati multinational logistics company based in Dubai, United Arab Emirates, has recently joined the First Movers Coalition (FMC) and committed to having 5 per cent of its marine power sourced from hybrid engines and zero-emission fuels by 2030. The FMC, led by the World Economic Forum and the US Government, focuses on decarbonising challenging sectors such as aluminium, aviation, chemicals, concrete, shipping, steel, and trucking, collectively responsible for 30 per cent of global emissions. As part of this initiative, DP World aims to accelerate a green and inclusive transition to a net-zero future by adopting emerging technologies. Specifically, DP World plans to achieve its target by introducing two hybrid-electric and five methanol-enabled vessels for short-sea...
Increasing attention to climate issues and health and safety topics has drastically changed the types of products and services the market seeks. Emphasising the need for decarbonisation, low emission from the machines and zero-tolerance for accidents are parameters that define the name of the game. In the meantime, higher productivity and increasing competition are additional key factors. Several high-profile customers of Hencon are looking for possibilities to set up a ‘ smart factory’ . With Industry 4.0, cyber-physical production systems have become more wanted than ever before. Hencon has already rolled out several AGV projects (in Europe and the USA). We believe that AGVs will be an inevitable chain in the smart industry of the future. Smart Industry and AGVs The trend towards more...
The Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology recently revealed the national list of green manufacturing in 2023, with Dongxing Aluminum Longxi Branch making the cut as a National Green Factory. In order to promote environmentally friendly and low-carbon development, Longxi Branch has been working hard to optimize production processes and technologies, reduce resource consumption, and minimize waste emissions. The company has upgraded the rectifier unit of its 240kA rectifier station in a green, automatic, and intelligent manner. This has not only solved safety issues that were present in the original rectifier system but also improved the rectifier efficiency of the 240kA rectifier unit. Thanks to these efforts,...
Russia’s Aluminium Association has cautioned the domestic industry of the adverse effects of Western sanctions, tariffs, and price drops. The global aluminium prices have dropped to their lowest level since March 2021, while the US and EU almost banned Russian exports. Furthermore, the Russian aluminium products will likely face the 12th package sanctions by the European Union. According to the association, all this may adversely affect the Russian aluminium industry. The association has warned that the Russian aluminium industry is on the verge of a severe crisis, adding that several enterprises of Rusal are even at risk of closure. On Monday, December 11, the association highlighted that a number of Rusal enterprises are operating on the verge of zero or negative profitability. Any...
In its quest to ensure a sustainable future for the globe, Vedanta Aluminium, India's biggest producer of aluminium, is dedicated to providing greater global access to sustainably produced, high-quality aluminium. Vedanta Aluminium said on Monday that it is accelerating its efforts to attain Net Zero by 2050. Mr. John Slaven, CEO of the firm, highlighted the expanding significance of aluminium in allowing sustainable applications and its indelible contribution to assisting whole economies in decarbonising their value chains at the company's first participation at COP28 in Dubai. He participated in the 'Industrial Transition Accelerator' Roundtable at COP28, which brought together corporate executives, politicians, and experts from the heavy industries, transportation, and energy sectors....
GenHydro, a green technology company based in Lancaster, has recently conducted a noteworthy ceremony to mark the commencement of its pilot project. The company specialises in the production of green hydrogen and clean energy from waste material. The energy thus produced will be supplied to BURLE Business Park, a multipurpose industrial facility spanning over one million square feet in Lancaster. The project will demonstrate the efficacy of GenHydro's waste-to-energy technology on a commercial scale. The reactor, powered by GenHydro, will generate renewable electricity and green hydrogen by utilising waste metal. In an exciting development, GenHydro recently announced its collaboration with Evergreen Alumina, a well-known company that believes in diverting waste from landfills. The...
Cosma Casting UK, an aluminium high-pressure vacuum die casting company, desires to enlarge its factory in Telford by adding a rear extension. The factory operates 24 hours daily with 230 people from Telford Business Park premises. On further expansion, the casting facility will create sixty-two new jobs. Telford & Wrekin Council has already recommended the expansion plans for approval before councilors. The proposed expansion will house two new die-casting units to support manufacturing additional product lines. The company specialises in making large complex parts for the automotive sector. Their end product is that of high-quality alloy castings for automobiles. "The foundry has been operational for many years without impacts on neighbouring properties and it is anticipated that the...
At the recent UK Cast Metals Industry Awards, a lost wax metal casting specialist has seen its transformational prosthetic aluminium thumb for children win 'Component of the Year'. Kirkbymoorside-based Sylatech beat off the challenge of other finalists to secure the major title, impressing judges with how it has helped bring a product to market that will help young people who have lost a hand due to injury, congenital conditions or other medical reasons. Designed by prosthetic hand designer Ted Varley, the thumb required a high level of detail and an as-cast surface finish with no machining. With wall thicknesses down to 2mm for some cast elements and 1mm diameter cast-in holes, Sylatech used 3D wax printing to optimise the design flexibility. Samples were provided to the client within...
Aluminium China is Asia's premier trade show and B2B platform for the aluminium industry, encompassing its primary application sectors. The event brings together cutting-edge products, innovative technologies, advanced processes, and prospective applications across the entire aluminium value chain. The dedication lies in fostering the industry's sustainable development and broadening business prospects for professionals in the global aluminium sector. The event achieves this through an annual in-person trade fair, informative conferences and forums, business matchmaking sessions, online seminars, international roadshows, and more. Its comprehensive approach ensures a dynamic platform for networking, knowledge exchange, and business growth within the aluminium industry. Shanghai New...
Adroit Industries India, with more than sixty years of experience, is a leading propeller/cardan shaft company. The company plans to launch its much-awaited collection of aluminium drive shafts at the ongoing Excon 2023. These cutting-edge components, which effortlessly integrate with carbon fibre tubing, perfectly embody strength and lightweight design. This innovative combination guarantees strength and significantly decreases mass, establishing new automotive effectiveness and resilience standards. The drive shaft (also called propeller shaft or prop shaft) is a component of the drive train in a vehicle that delivers torque from the transmission to the differential, which then transmits this torque to the wheels to move the car. These projects demonstrate the company's commitment to...
On Tuesday, December 12, Hindalco Industries announced its plan to invest INR 800 crore into building a battery foil manufacturing facility at Sambalpur in Odisha in a bid to tap the fast-growing electric vehicle market. The facility will produce 25,000 tonnes of aluminium foil, the backbone of lithium-ion and sodium-ion cells. "Hindalco Industries is investing INR 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells," the statement said. To leave no stone unturned to seize the boosted electric vehicle market, Hindalco also plans to significantly expand its production capacity of fine-quality aluminium foil used in rechargeable batteries. The new battery foil...
Hongcheng Aluminum Industry, the China-based company, recently passed the National Ministry of Industry and Information Technology's Information and Industrialization Integration (referred to as "Integration of Industrialization and Informatization") management system evaluation. They also completed the public announcement on the National Integration of Industrialization and Informatization Management System Working Committee platform, ushering in a new phase of the company's information and industrialisation integration. Hongcheng Aluminium Industry will vigorously promote the integration of the two industries by the Ministry of Industry and Information Technology management system to better serve the company's development strategy, improve the company's modern management and operation...
The Los Angeles Rams, in collaboration with SoFi Stadium and Ball Corporation, organised an event to celebrate National Recycling Day. Over 250 students from Century Park Elementary School in Inglewood, CA, were invited to participate in the event, which aimed to promote recycling and reduce waste. As part of the event, Rams safety Jordan Fuller visited the school to read to the students and extend the invitation to attend the upcoming event at SoFi Stadium. The member of the global community relations team at Ball Corporation , Lauren Rodeman, pointed out that the arrangement was to "bring recycling education to the youth of Los Angeles." She magnified how the mere sense of togetherness at the SoFi stadium encouraged a responsible recycling drive. The senior director of community affairs...
Alcoa Corporation has scheduled a series of meetings with primary stakeholders to address concerns regarding the San Ciprián complex, which comprises an alumina refinery and an aluminium smelter. This week, representatives of their Spanish operating subsidiaries will be meeting with representatives of the national and regional authorities in Spain to discuss the financial losses incurred by the complex. It is worth noting that the San Ciprián smelter was curtailed in January 2022 in accordance with the agreement reached with the workers' representatives in December 2021. In February 2023, Alcoa agreed to a phased restart of the aluminium smelter starting in January 2024 through an amended Viability Agreement. Meanwhile, the refinery has been operating at 50 per cent of its capacity since...
