LME aluminium prices gained ground on November 4, with cash and futures contracts moving higher. The Asian Reference Price also edged up, while exchange inventories declined. Alumina Platts prices, however, moved slightly lower. The cash bid rose by USD 53.50 per tonne , or 1.74 per cent, to USD 3,134.50 per tonne from USD 3,081 per tonne. The cash offer increased 1.72 per cent to USD 3,135 per tonne from USD 3,082 per tonne. Three-month aluminium prices also advanced. The bid climbed 1.08 per cent to USD 3,073 per tonne on November 4 from USD 3,040 per tonne, while the offer gained 1.05 per cent to USD 3,074 per tonne. It was previously at USD 3,042 per tonne . Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
The Volta Aluminium Company Limited (VALCO) has reported a provisional profit of USD 1.3 million within the first nine months of 2026, signalling progress in its efforts to restore operations and strengthen its financial position. The Ghanaian aluminium producer has also outlined an ambitious expansion target of processing 1.5 million tonnes of alumina within the next decade, supported by an estimated USD 4 billion investment. VALCO CEO Dr Robert Makila Sambian said the company was now focused on strategic capital investment to achieve its long-term production ambitions. He shared the update during the Ministry of Lands and Natural Resources' Progress Report Series, an initiative through which agencies under the ministry present updates on their activities and performance to the media....
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On World Environment Day, Vedanta Aluminium announced that its product line was verified by the Environmental Product Declaration (EPD) International. The EPD-verified products from Vedanta included billets, Primary Foundry Alloy (PFA), wire rods, and other kinds of ingots. These goods are used in vital industries such as aerospace, infrastructure, automotive, electrical, packaging and other developing industries such as high-tech manufacturing, renewable energy, battery technology, and electric cars. Mr Rahul Sharma, CEO, Vedanta Ltd – Aluminium Business said, “In a world rapidly transitioning to more sustainable approaches, the aluminium industry is poised for remarkable growth and innovation. As the backbone of a low-carbon future, aluminium’s exceptional properties hold immense...
Shares of MAAN Aluminium jumped 19 per cent to INR 296.60, surpassing the previous high of INR 258.55 on February 3 and reaching a 52-week high on the BSE in Tuesday's intra-day trade, following the company's announcement that its board of directors would meet to consider the bonus issue and stock split plan. As per the report, the board of directors will meet on Friday, June 9, to discuss the proposal for a sub-division/split of the equity shares of MAAN Aluminium, each with a face value of INR 10. They will also talk about the issue of bonus shares to shareholders, said MAAN Aluminium in an exchange filing. Bonus shares are additional shares given to the current shareholders without additional cost, depending on the number of shares a shareholder owns. A stock split is a corporate...
Altemira has introduced a groundbreaking and sustainable model for the aluminium industry called the Can-to-Can cycle. This innovative approach revolutionizes how aluminium cans are recycled, paving the way for a more environmentally friendly future. Altemira ensures that the environmental impact of the production process is minimized from the outset. Altemira is a vertically integrated aluminium can, rolling, foil and extrusion business company. The company strives to be a leading company that continues to create new value and promote changes by constantly pursuing world-class technologies, products, and services. Teruaki Nakatsuka, the President of Altemira, said, “Aluminium cans have proven to be highly advantageous. Our can-to-can cycle commences at Altemira, where we proudly...
Ørsted, a prominent clean energy company, has entered into a new partnership with SOLARCYCLE, a technology-based solar recycling company, to recycle and process Ørsted's end-of-life solar modules from its projects across the United States. This recycling services agreement aligns with Ørsted's global commitment, effective immediately, to reuse or recycle 100% of solar panels that reach an end-of-life status. It's the first of its kind in the industry. SOLARCYCLE established its recycling facility in Odessa, Texas, in 2022. This agreement builds on Ørsted's existing recycling contract for thin-film modules, which was signed with First Solar in 2021. Even though Ørsted's U.S. solar projects are still in the early stages of their lifetime, Ørsted has already recycled 4,000 modules. The...
Coopers Cross in the north docklands of Dublin is planning to install 2,000 architectural fins made up of Hydro's low-carbon aluminium range, Hydro REDUXA. Coopers Cross will utilise these aluminium fins to minimise the demand for heating and air conditioning in its office buildings, a first in Ireland's commercial real estate market. Kennedy Wilson and Cain International have collaborated with Alucraft to vertically place low-carbon fins on the exterior of the scheme's office structures on the six-acre complex in the capital's docklands. According to the developer, the sustainable manufacturing process reduces the embodied carbon generated by more than 75 per cent of standard equivalent products. It will reduce the carbon footprint within Coopers Cross by an estimated 1.9 million...
On Friday, June 2, the Shanghai Futures Exchange (SHFE) announced receiving alumina futures trading permission from Beijing after the Securities Regulatory Commission approved the plan. That makes the SHFE the first exchange on Earth to offer an alumina contract with physical delivery. Noting several benefits of listing alumina futures, SHFE said in a press statement: “The listing of alumina futures will enhance the competitiveness for China’s alumina industry and its price influence and also improve companies’ risk-management abilities.” However, the Shanghai exchange has not yet revealed the date of starting to accept alumina futures listings. The People’s Republic of China accounts for more than half of the world’s total alumina output. In 2022, China churned out 81.86 million tonnes...
LME aluminium opened at US$2,238 per tonne on Tuesday, with its low and high at US$2,205.5 per tonne and US$2,246 per tonne, respectively, before closing at US$2,205.5 per tonne, a drop of US$34.5 per tonne or 1.54 per cent. On Tuesday, June 6, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$43 per tonne or 1.94 per cent and US$44 per tonne or 1.98 per cent to close at US$2,171 per tonne and US$2,172 per tonne. 3-month bid price and 3-month offer price lost US$36 per tonne or 1.59 per cent to close at US$2,218.50 per tonne and US$2,219 per tonne. December 24 bid price and December 24 offer price dropped by US$22 per tonne or 0.91 per cent to peg at US$2,380 per tonne and US$2,385 per tonne. LME aluminium opening stock halted at 589475 tonnes....
Veolia has launched a new initiative to increase recycling in the UAE through its digital recycling solution, RECAPP. In partnership with the Environment Agency – Abu Dhabi and Masdar City, RECAPP will implement reverse vending machines (RVMs) and smart deposit machines (RSDMs) to collect bottles, aluminium cans and bags of recyclables. This new service complements RECAPP's existing free app-based door-to-door collection service and aligns with Veolia's goal to provide holistic digital recycling solutions that benefit both people and the planet. Through the DRS reward scheme, RECAPP aims to collect an additional 20 million bottles in Abu Dhabi and support the UAE Government's target of recovering 50% of single-use plastic bottles. In Dubai, RECAPP has officially launched its first RVM,...
Aluminium Stewardship Initiative (ASI) announced that Aludium France SAS subsidiary in Castelsarrasin has been accredited with the ASI Performance Standard V2 (2017) Certification for coil manufacture. Aludium has now certified all three of its manufacturing facilities to the ASI Performance Standard V2, with the Alicante and Amorebieta operations following suit in December 2022. The facility manufactures bright aluminium material for the worldwide market, with building, automotive, transportation, packaging, and general engineering applications. Two rolling mills and accompanying finishing lines are located on the property. Lionel Chapis, CEO at Aludium stated, “We are pleased to announce that we have achieved ASI certification, an international standard for the responsible production...
Robinsons is testing a new way of pressure packing their squash by using Ecopacks instead of plastic bottles. These innovative cartons are made from 89% plant-based material and contain a thin aluminium layering to keep the liquid inside safe. The Robinsons Ecopack is primarily made of paperboard sourced from responsibly managed forests, with a cap forged out of plastic derived from renewable raw materials. A small amount of aluminium and non-renewable plastic is necessary to ensure that the carton is watertight and the product stays fresh. Circulated by June, the goal of Robinsons' Ecopack is to reduce waste by using 85% less plastic per serving than a one-litre bottle of Robinsons Double Concentrate. The higher concentration of squash in the carton means that it's equivalent to three...
In an effort to boost the recycling of materials like aluminium and plastic, the Environment Agency - Abu Dhabi (EAD) is all set to roll out reverse vending machines around the Emirate. The new devices are installed in ADNOC Distribution retail service stations, malls, the Corniche, and other popular tourist destinations. The reverse vending machine (RVM) will recycle packaging materials like aluminium cans and plastic, urging the citizens to recycle promoting sustainability. To use the vending machines, one needs to download the Go Recapp app, where they need to scan the aluminium cans or plastic bottles before dropping them to the RVM. The app will keep track of the deposits automatically, and users will receive points depending on the weight of the products placed. These points may be...
Stellantis, the proprietary brand for Peugeot, Citroen and Vauxhall, has partnered with metal recycling firm Galloo to improve its circular economy and achieve its net zero targets by 2038. The joint venture involves purchasing and refurbishing aluminium parts from end-of-life vehicles that have been involved in crashes. The initiative is set to launch in France, Belgium and Luxembourg later this year and will expand to the UK in the future. The programme will collect end-of-life vehicles through authorised treatment facilities to recover parts for "reuse, remanufacture and recycling." The senior vice president for a global circular economy, Stellantis , Alison Jones, narrated: "Making it easy for customers to recycle their end-of-life vehicles is a crucial element to reduce the...
Sandvik Coromant, a prominent metal cutting expert, has introduced the M5F90 face-milling cutter, specifically designed to process thin-wall aluminium components without burring, scratching, or chipping due to its smaller cutter body and brazed Polycrystalline Diamond (PCD) tips. This cutting-edge technology, designed exclusively for making aluminium battery racks, is poised to revolutionise the production process for automotive original equipment manufacturers (OEMs) and help them remain ahead in a competitive market. The automotive sector is seeing a rise in OEM engagement in battery cell manufacture, which is now physically closer to car assembly factories. As battery technology, durability, and performance become increasingly essential differentiators for OEMs, efficient machining...
On June 5, World Environment Day, the Chairman of Indian Oil Corporation, S.M. Vaidya, officially launched the 'Refuel with RecyKal' campaign at COCO Hitec City outlets in Hyderabad. The campaign is being rolled out at five of their retail outlets in the city and encourages customers to bring in pet bottles and aluminium cans to drop in a reverse vending machine and receive fuel points. Additionally, customers can bring in dry waste such as plastic, paper, cardboard, e-waste, glass, and metal to receive fuel points. Aluminium is 100% recyclable and can retain its original properties even after vigorous transformations. This certainly reduces the usual amount of carbon dioxide released into the atmosphere during primary aluminium production. Due to these infinitely recyclable properties,...
AKAM 6th Awareness Conference on “Sustainable & Circular Bharat: Towards Zero Waste in Metals Processing” conference at Taj Bengal on 15th and 2-Days Plant Visit during 14-15th June at Kolkata nearby metal recycling cluster. Ministry of Mines and Ministry of Steel, Government of India, in collaboration with JNARDDC and Ministry of Mines PSU (NALCO) and Ministry of Steel PSUs (NMDC & MSTC) along with MRAI, will be organizing a series of events to mark the celebration of the “Azadi ka Amrit Mahotsav (AKAM) - CIRCULAR ECONOMY Campaign - 2023”, which is based on Sustainability/ Lifestyle for Environment (LiFE). AKAM’s main objective is to increase awareness about scrap recycling and waste utilization. Under AKAM, MRAI has successfully conducted five Scrap Recycling (Fe & Non-Ferrous) and...
Convenient portability and excellent features define the latest Solid State Drive (SSD) from SK Hynix Inc. The new SSD, dubbed Beetle X31, allows users to transfer over 500GB of data at an average speed of 900MB/s in 9 minutes. Also, the outer case of the X31 series is constructed out of aluminium, assuring heat dissipation and device longevity. The X31 is SK Hynix's first external SSD solution, distinguished by its fast operating speed of 10Gbps (10 gigabits per second) and exceptional heat management capabilities. Since its launch, the X31 has received much praise for its excellent performance, mobility, and elegant appearance. Portable SSDs are becoming more popular as a sought-after portable storage option. The X31 was rigorously built to meet the critical criteria of fast read and...
Chanel is committed to reducing its environmental impact by introducing more eco-friendly product ranges. As part of this effort, the Chance eau de toilette range will now feature an anodized aluminium strip instead of the conventionally used galvanized polished brass. To create these strips, Chanel has collaborated with g.pivaudran, a French manufacturer that specializes in developing aluminium parts for the perfume, cosmetics, and spirits industries. The new Chance bottles will feature anodized aluminium, which is both lightweight and highly recyclable, instead of galvanized varnished brass that was previously used for the flagship oval design. This change in material also eliminates the need for chemicals used in the galvanizing process. The metal strips are produced in the southwest...
On June 1, at the first EnvironmentAl Strategy Day inauguration, Aluminium Federation (ALFED) revealed plans to establish two new member projects to promote the sector's transition to Net Zero. The move will help the supply chain's understanding of environmental, social, and governance (ESG) issues and raise awareness of aluminium outside of the industry. An ALFED-accredited ESG officer training course will give resources and assistance to ALFED members' representatives in becoming skilled in ESG to aid in the transition to sustainability. While in collaboration with Bloodhound Education, an 'Aluminium Ambassadors' initiative will train and equip professionals from across the industry to go into educational and corporate settings to deliver informative talks and run EnvironmentAI trained...
