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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GMTN is the premier event for foundry technology, cast products, metallurgy, and thermal process technology. It is comprised of four individual fairs - GIFA, METEC, THERMPROCESS, and NEWCAST – GMTN . This event is typically held concurrently at the Düsseldorf Exhibition Centre. It provides a comprehensive platform for professionals, researchers, and businesses in the respective industries to network, explore new technologies, and showcase their products and services. The upcoming event is scheduled for June 12-16, 2023. Here is a brief overview of each trade fair: GIFA is a prominent global trade fair dedicated to the foundry industry. It showcases the latest advancements, technologies, and solutions in casting, melting, moulding, metallurgy and quality control. METEC is an international...
LME aluminium opened at US$2,267.5 per tonne Monday, with its low and high at US$2,233 per tonne and US$2,273.5 per tonne respectively before closing at US$2,240 per tonne, a drop of US$27.5 per tonne or 1.21 per cent. Despite concerns about a global economic downturn, there is some positive news regarding hydropower generation in Yunnan, which could lead to a slight increase in local aluminium production by late June. While there may be a tiny disruption in the decline of aluminium inventories due to more shipments arriving, downstream demand is projected to remain low. As a result, aluminium prices are expected to remain stable in the short term. On June 5, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,214 per tonne and US$2,216...
The domestic aluminium scrap market remained stable. Price alternations by important industry participants had little impact on the market. Stress grade scrap was recorded at INR 163,000 per tonne, while utensil prices were INR 173,500 per tonne exy-Delhi. As a result, transactions remained mild, and sellers grew more cautious, taking a wait-and-see strategy to analyse the situation. However, given the present scarcity in northern sections, prices may see a minor increase soon. Imported aluminium scrap prices entering India, on the other hand, saw significant swings. Specific grades had huge rises of up to $40 per tonne this week, while others saw decreases of up to $10 per tonne W-o-W. The domestic nonferrous scrap market remained unstable, owing to low to moderate transactional...
On Monday, June 5, Aluminium Bahrain B.S.C. (Alba) announced that it bagged the 2023 International Safety Award with Merit from the British Safety Council (BSC). The prestigious award is a testament to Alba’s unwavering efforts to maintain a safe and healthy work environment during 2022. Alba’s Chief Executive Office Ali Al Baqali accepted the award at BSC’s International Safety Awards Gala Dinner on May 19, 2023, in the presence of Alba’s Directory Safety and Health Mohamed Khalil Saeed. The British Safety Council, founded in 1957, introduced the annual International Safety Award ceremony to recognise worldwide organisations which have demonstrated commitment to ensuring workplace safety and wellbeing. On receiving the award, Ali Al Baqali said: “We are honoured to have been recognised...
According to the European Aluminium Foil Association (EAFA) survey, aluminium foil deliveries from European rollers dropped by 3.3 per cent year-on-year in the March quarter of 2023 after a prolonged period of increased deliveries due to demand surge. As per the data shared by EAFA, European foil deliveries were recorded at 231,700 tonnes during 1QCY2023, close to the pre-covid level of 239,500 tonnes in Q1 2020. High inflation, combined with weakened demand for packaging, led to a fall in European foil deliveries. Also, less in-home consumption and home deliveries than during COVID, affecting applications such as converter foil and semi-rigid containers, contributed to the dip in foil deliveries. After many quarters of strong demand, domestic foil deliveries fell 6 per cent, with the...
As of June 1, the domestic aluminium billet social inventory closed at 135,100 tonnes, down 6,200 tonnes from the previous week. Arrivals climbed dramatically, but transactions did not keep pace. A growing proportion of molten aluminium was into billets and other intermediate products. The current inventory remains the greatest compared to the same time in the previous three years. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories in Wuxi and Changzhou hiked by 1,600 tonnes and 1,300 tonnes to halt at 22,200 tonnes and 8,700 tonnes, followed by a growth of 1,000 tonnes in Huzhou to settle at 18,000 tonnes. On the other hand, the inventory in Foshan nosedived by 10,000 tonnes to score 81,600 tonnes from 91,600...
The Queensland Resources Council (QRC) has backed the opposition's proposal to add alumina, bauxite, aluminium, nickel, copper, zinc, potash, and phosphate to the list of critical minerals and welcomed the upcoming publication of the Australian Government's revised Critical Minerals Strategy. According to QRC Chief Executive Ian Macfarlane, the rapidly rising global focus on essential mineral sources and supply chains means Australia and Queensland must move swiftly to capitalise on the investment and employment opportunities that will result from the surge in demand. "Critical minerals is the buzz term around the world at the moment, and for good reason because they are essential to the development of modern, low-emissions economies. Although there's not one globally agreed list of...
Kieslect, the most popular smart calling watch brand, has launched Lora2 and Ks Pro smartwatches to celebrate the eighth anniversary with a bang. The lady watch Lora2 is made of recycled aluminium, offering a lightweight and delicate choice of accessory. So, exhibit your minimal style with this watch and add a dainty touch to your attire. Ks Pro, on the other hand, is masculine in appearance and provides fast and clear access to health for men who like to imbibe fitness in their daily lives. It has 2.01-inch AMOLED display and is equipped with KIES OS 2.0 functionality. So, users can input their health data into the smartwatch app to receive alerts, reports, and updates on heart rate, respiration, stress levels, and sleep cycles. Besides, the watch is an excellent choice to lift the style...
A technology platform sentra.world powering ESG for industrial businesses to achieve net-zero emissions has raised $2 million in seed funding. Avaana Capital, a notable early-stage climate-tech venture capital firm in India, led the funding round. ESG SaaS platform sentra.world's suite of products intends to assist industrial organisations in managing greenhouse gas (GHG) emissions from their operations, supplier emissions (scope 3), and emissions at the holding company level in response to this critical requirement. Global emissions are largely attributed to industrial sectors such as aluminium, steel, cement, and chemicals, which account for approximately 38 per cent of global emissions. As one of the most emissions-intensive manufacturing sectors, aluminium contributes 2 per cent of...
Sustainability is at the heart of everything Nespresso does. The firm is dedicated to positively influencing people and the environment while providing customers with some of the most exquisite coffees available. In keeping with this philosophy, Nespresso has introduced the Vertuo Pop machine, which is the smallest and most economical Vertuo machine to date. Constructed out of 80 per cent recycled aluminium, the Vertuo Pop machine will provide 25 distinct coffee blends and single origins in various cup sizes, allowing coffee enthusiasts to enjoy their favourite drink any way they want, whenever they want, with the press of a button. Apart from this, the machine comprises 35 per cent recycled plastic, while the packaging is 99.5 per cent recyclable. Francisco Nogueira, Business Executive...
A00 aluminium ingot price in China has decreased over the weekend ending Monday, June 5, following two consecutive hikes on June 1 and June 2. According to the Shanghai Metals Market data, the ingot price has slumped by RMB 160 per tonne to settle at RMB 18,410 per tonne but stands higher week-on-week by RMB 50 per tonne. The average prices are estimated to range between RMB 18,390 per tonne and RMB 18,430 per tonne, with a spot contract to trade at a discount price of RMB 20 per tonne and a premium price of RMB 20 per tonne. In Wuxi, A00 aluminium ingot price has plummeted by RMB 170 per tonne to stand at RMB 18,380 per tonne, followed by a decline of RMB 160 per tonne in Hangzhou and Tianjin to RMB 18,410 per tonne. Chongqing and Linyi's primary aluminium ingot price has also shrunk by...
Observed annually on June June 5 th , World Environment Day is an international event dedicated to raising public awareness of environmental concerns and encouraging positive actions to conserve our planet. The responsible use and management of resources, including materials such as aluminium, are important to ecological conservation. Aluminium, a versatile metal, is essential in many industries, but its production and disposal have serious environmental consequences. As a result, World Environment Day is a perfect opportunity to emphasise the significance of sustainable aluminium production and recycling practices. Importance of aluminium: Aluminium is the third most plentiful element in the Earth's crust, accounting for approximately 8 per cent of its total weight. It is lightweight,...
LME aluminium opened at US$2,275 per tonne last Friday, with its low and high at US$2,256 per tonne and US$2,314.5 per tonne, respectively, before closing at US$2,267.5 per tonne, a drop of US$2.5 per tonne or 0.11 per cent. On Friday, June 2, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$17.5 per tonne or 0.76 per cent to halt at US$2,263 per tonne and US$2,263.50 per tonne. 3-month bid price and 3-month offer price, on the other hand, hiked by US$36.5 per tonne or 1.62 per cent to score at US$2,289 per tonne and US$2,289.50 per tonne. December 24 bid price and December 24 offer price ascended by US$36 per tonne or 1.49 per cent to reside at US$2,438 per tonne and US$2,443 per tonne. LME aluminium opening stock settled at 579025 tonnes. Live...
In collaboration with the Directorate of Factories and Boilers, Government of Odisha, Vedanta Aluminium held an impactful industrial safety training programme at its Jharsuguda operations. The programme was part of a series of training initiatives across various industries organised by the Department of Labour and ESI, Government of Odisha, aimed at enhancing safety awareness among industry professionals. The event organised by Vedanta was attended by over 450 participants from several industries and companies in Western Odisha. R S Gopalan, IAS, Commissioner cum Secretary, Department of Labour and ESI, also joined the programme but virtually. Niranjan Jena, Deputy Secretary (Nodal Officer), Department of Labour and ESI; Swaroop Jena, Deputy Director, Directorate of Factories and Boilers–...
The primary sector witnessed a great loss last week when news about Mr Bhavani Shankar Pani came floating. A member of Utkal Chamber of Commerce (UCC), and the former DGM (Technical) of NALCO closed his eyes on Saturday, 11:20 PM, at HCG Oncology Hospital in Bengaluru. Team AL Circle is saddened by this untimely demise and wishes good health to the grieving family members. Aluminium Bahrain B.S.C. (Alba) is proud to announce that it has received the ISO 18788:2015 Certification, which recognizes its superior Quality Management System, making it the first industrial company in Bahrain to receive this certification. The LME aluminium price index has risen over the week by 1.74 per cent or US$39 per tonne, if we compare last Friday (May 26) with this Thursday (June 1). LME was closed on...
There were plenty of sustainable updates this week, with two international aluminium events being conducted in London on June 1, honouring ALFED EnvironmentAl Sustainability Strategy Day, and on 16-18th May, witnessing the 28th CRU World Aluminium Conference. Alumina Limited has approved Alcoa's bauxite mining in Western Australia, but Premier Mark McGowan is concerned about the safety of Perth's water supply. Alcoa claims to have restored 75% of the woodland it removed but considers land rehabilitated after the first 12 months of landscaping and sowing. Redefine Properties and Cash4Trash (C4T) have partnered to develop advanced reverse vending machines that use 4IR technology to automate the collection, sorting, and handling of used beverage containers for recycling or reuse. AL Circle...
Novelis Inc., the global leader of flat-rolled aluminium products and recycler of aluminium, will provide aluminium can sheets for The Coca-Cola Company's family of iconic brands to Coca-Cola's approved North American bottlers under the new long-term agreement. Alcoa's Casting House, located in Lafayette, Indiana, is the world's biggest aluminium-lithium factory. The factory, which cost $90 million and took two years to complete, is located on a 170-acre multi-building tract. Impression Technologies Limited (ITL) of Coventry and EMI Aerospace (EMI) of Michigan have struck a licencing and technical services agreement to create innovative aluminium structures for worldwide aerospace industries utilising Hot Form Quench (HFQ) technology. On May 17, 2023, the Aluminium Secondary Manufacturers...
Alcoa has invested R$1.3 billion in projects to replace fossil fuels at the Maranhão Aluminium Consortium (Alumar), which was formed by Alcoa Corporation, Rio Tinto, and South32, and at the Poços de Caldas facility (MG) over the last two years. However, attaining net zero carbon emissions is the company's target by 2050. Since the smelter was reactivated in April 2022 with an investment of R$1 billion, Alumar's aluminium production with 100% clean and renewable energy and minimal carbon emissions is already a reality. The operating unit had also replaced diesel in the anode baking ovens with Flex Gas, which resulted in a 30 per cent reduction in carbon emissions and allowed the delivery of low-carbon aluminium to consumers. The consortium supplies the national and international market...
