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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Irizar e-mobility, a Spanish firm known for making zero-emission electric vehicles and focusing on providing cities with electromobility solutions, is the first to employ Hydro's recycled aluminium manufactured with green hydrogen in their products. Irizar e-mobility first purchased the customised aluminium profiles in early November after completing the testing. The profiles will be used in Irizar e-mobility's electric automobiles. One of the vehicles in their fleet is the "ie tram," an electric bus that produces zero emissions and resembles a tram. This vehicle combines the spaciousness, convenient entry, and interior arrangement of a tram with the adaptability of a city bus.Irizar e-mobility is committed to promoting the use of efficient, clean, and accessible transportation that...
We all have experienced the prevailing heat wave during the hottest month in the history of humanity, July 2023. It made some of us realise that if we do not mend our ways and start thinking about the broader group of people, it won't be long before some of our civilisations will forever get lost in oblivion. The melting of icebergs and the rising water levels have somehow indicated that there has been a considerable fluctuation in the global climatic conditions. The gradual rise in Earth's temperature can be attributed to CFCs or direct carbon emissions and other industry-related fumes. The aluminium industry is highly energy-intensive, and the conventional process of primary aluminium production releases 95% more CO2 than the production of recycled aluminium. That is why many leading...
Ardagh Metal Packaging Group (AMP), a global supplier of sustainable, infinitely recyclable aluminium packaging to brand owners across the globe, bagged the Best Metal Design recognition at the 21st World Beverage Innovation Awards. The ceremony was hosted this week at BrauBeviale in Nuremberg, commemorating the greatest beverage sector advancements. AMP is elated to have won the Best Metal Design category for their Candy Can with H!GHEND technology, which displays vivid images on the can end. An eco-friendly option with fewer calories, this sugar-free aluminium canned soft drink line is the brainchild of the innovative Dutch beverage firm Candy-Can, aiming to entice risk-takers. Gerlof Toenhake, Sales Director, Ardagh Metal Packaging-Europe, stated, "To win Best Metal Design at the World...
Shangnan County's recycling project, with an annual production of 200,000 tonnes of electrolytic aluminium waste, was successfully initiated on November 22. Shangnan County is in the east of Shaanxi province, China, bordering the provinces of Henan to the east and Hubei to the south. The project's total investment is RMB 750 million and is divided into two construction phases. The first phase aims to construct two production lines that will annually produce 30,000 tonnes of carbon slag and one production line that will annually produce 100,000 tonnes of overhaul slag. Additionally, the project will include the necessary environmental protection facilities. Once completed, the project is expected to generate an annual output value of RMB 400 million, with profits and taxes of more than RMB...
Recently, the Inner Mongolia Autonomous Region Energy Bureau released a statement regarding the implementation of green power supply projects. Chinalco Group's "Baotou Aluminum Industrial Park Green Power Supply Project" and "Baotou Aluminum Coal-fired Power Plant Renewable Energy Alternative Project" have both been included in the list of market-oriented new energy projects. This is a significant step forward for Baotou Aluminum's new green energy initiatives. These two approved projects will have a combined installed capacity of 2.1 million kilowatts, with 1.9 million kilowatts coming from wind power and 200,000 kilowatts from photovoltaic sources. Upon project closure, the Baotou thermal power plant's peaking capacity and the electrolytic aluminium load absorption capacity will be...
The Shanghai Metals Market, on November 30, marked a region-wide digression in aluminium price trends, with the SMM A00 aluminium ingot price plummeting by RMB 140 per tonne to close at RMB 18,630 per tonne. The average aluminium prices have circulated between RMB 18,610 per tonne and RMB 18,650 per tonne. If the SMM aluminium price on November 30, last year, is taken into account, a year-on-year slump of RMB 340 per tonne or 1.79 per cent can be seen. China’s eight main provinces have all witnessed declining prices today, with the SMM aluminium price stooping the highest in Foshan by RMB 160 per tonne, closing at RMB 18,720 per tonne finally. In Hangzhou, the aluminium price has decreased by RMB 140 per tonne to rest at RMB 18,620 per tonne, followed by RMB 130 per tonne drop in Wuxi and...
LME aluminium opened at US$2224 per tonne in the previous trading day, with its low and high at US$2207.5 per tonne and US$2231.5 per tonne, respectively, before closing at US$2217.5 per tonne, down 0.18 per cent. On Wednesday, November 29, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$13.5 per tonne or 0.62 per cent to halt at US$2,177.50 per tonne and US$2,178 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price added US$9.5 per tonne or 0.43 per cent to clock at US$2,217.50 per tonne and US$2,218.50 per tonne. December 24 bid price and December 24 offer price increased by US$8 per tonne or 0.34 per cent to settle at US$2,333 per tonne and US$2,338 per tonne. LME aluminium opening stock came in at...
Elval, the aluminium rolling division of ElvalHalcor S.A. has reportedly purchased SMS group’s Viridis Energy & Sustainability Suite to install in its flat-rolled aluminium manufacturing plant in Oinofyta, Greece. Viridis Energy & Sustainability Suite is an integrated solution for energy, resources, and sustainability management, which effectively enhances the operational efficiency of an aluminium plant. Similarly, this will benefit Elval, optimising the plant’s overall production process while reducing carbon emissions. Elval and SMS share a common vision of sustainable and responsible industrial practices that bring them together. With the installation of two modules of Viridis Energy & Sustainability Suite – Virdis Performance and Virdis Grids, Elval will be able to practice...
Hydro's CEO Hilde Merete Aasheim, in a recent announcement, has declared that the Norwegian aluminium and energy giant is finally joining the First Movers Coalition. The President and CEO, Hilde Merete Aasheim, exclaimed with glee: "I am proud to announce that Hydro is joining the First Movers Coalition, signalling our determination to take responsibility and lead the way for the world to reach the climate targets. The challenge of climate change transcends borders and industries, and we can only maintain the critical climate pathway of 1.5ºC if we work together to create new markets for a sustainable future." The First Movers Coalition is a collaborative effort of prominent global companies working together to leverage their purchasing power in promoting the use of low-carbon...
UN Climate Change High-level Champion for Egypt, Mahmoud Mohieldin, has reportedly advised heavy industries and hard-to-abate sectors to acquire a financing scheme that would pull funds from Western donors to help them shift to cleaner power generation. He said a Just Energy Transition Partnership (JETP) structure would be ideal for sectors like aluminium, steel, cement and fertilisers. Just Energy Transition Partnership is among the most high-profile financing mechanisms designed to draw on money from wealthy economies to aid industries to wean off fossil fuels. This kind of funding scheme will aid exporters in investing in technologies to reduce the carbon footprint of their products, which otherwise will have to face CBAM tariffs introduced by the European Union. The progress of JETP...
Junjia Xinyuan, a wholly-owned subsidiary of Jinjia Co., Ltd., announced on November 22 that it intends to invest RMB 100 million in establishing a new company named Shenzhen Jinjia Juneng Technology. This new company will conduct research and development, manufacture, and sell composite aluminium foil. Simultaneously, by the Strategic Cooperation Agreement established between Jinjia Xinyuan and Shenzhen Houlang Laboratory Technology Co., Ltd., the two entities will engage in strategic collaboration about high-power magnetron sputtering equipment for the production of polymer/metal composite materials. Once Jinjia Juneng is founded, its primary responsibilities will include conducting the landing, pilot testing, and small-scale verification of the research and development outcomes. The...
A subsidiary of the Indian aluminium giant Vedanta, BALCO has integrated Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) throughout their transportation chain, making inter-plant operations risk-free. This modernistic AI technology will be fundamental in augmenting road safety measures, considering the pressure of a dynamic driving zone within the unit. Ensuring road safety is a top priority for BALCO due to the variety of vehicles that are used, ranging from 2-wheelers to heavy-duty technological vehicles that transport raw materials such as molten aluminium. The constant movement of vehicles on the roads requires a steadfast commitment to road safety. This integration of digital technology is a crucial milestone in strengthening road safety measures and...
Norsk Hydro has outlined a new roadmap for its operation and business, focusing more on recycling and extrusions in line with the growing demand for low-carbon aluminium. By 2030, the company is determined to scale up its recycling activities in pursuit of decarbonisation and green transition in the aluminium industry. Such was the message by Hydro at its Capital Markets Day 2023. The Norwegian company expects up to NOK 2 billion growth in greener earnings by 2030, primarily contributed by extrusion and recycling. To capitalise on this opportunity, Hydro plots to lift its extrusion business to NOK 10-12 billion EBITDA and recycling business to NOK 5-8 billion, banking on a potential rise in post-consumer scrap to 850-1,200 thousand tonnes. President and CEO Hilde Merete Aasheim indicated...
Through a fruitful collaboration with Al Zuhour Aluminum Factory, Reynaers Middle East (RME) is showcasing its state-of-the-art aluminium systems and solutions at the Cidex 2023 trade fair in Dhahran, as it continues to lead the way in developing innovative and sustainable aluminium solutions for windows, doors and sliding systems. RME, a subsidiary of Reynaers Aluminium , one of Europe's top specialists in this field, is headquartered in Bahrain and is proud to share its expertise with the world. Reynaers Middle East, headquartered in Manama, is dedicated to serving the entire GCC region, as well as key markets such as Lebanon, Egypt, Jordan, and Iraq. The company has an impressive portfolio of top projects throughout the region and is committed to enhancing its position as a leading...
Alspec, a leading aluminium processing firm in New South Wales, has selected GoodWe's lightweight solar solution to fulfil their expanding energy demands while working within the limits of their new roof's low-bearing capacity. GoodWe, a global producer of solar energy solutions, has partnered with its authorised distributor, Umax Energy, to deliver the GoodWe BIPV smart solution to Alspec. The collaborative endeavour will use sustainable solar photovoltaic (PV) technology composed of aluminium to fulfil Alspec's expanding energy demands. The project entails delivering and installing a 100kW solar power system on the roof of Alspec's headquarters and production plant, which will use GoodWe's 315W Galaxy Ultra panels and HT100kW string inverters. Umax Power suggested GoodWe's Galaxy Series...
Mananalu, the eco-conscious aluminium-bottled water brand, announced the launch of its limited-edition bottle to commemorate the upcoming release of "Aquaman and the Lost Kingdom." The special edition 22-ounce aluminium bottle features a stunning gold top and a trident inspired by the one Aquaman uses to preserve the ocean on its cover. The brand has been an ardent supporter of sustainability since its inception. The 'Drink One, Remove One' campaign, which aligns with Momoa's dedication to environmental preservation and sustainability guarantees that an equal quantity of plastic is taken out of the world's seas for every bottle bought. Founder Jason Momoa, an ocean activist and actor, preserves the oceans on film as Aquaman and in real life via his mission-driven company. The...
Mytilineos and Karatzis, two leading companies in Greece, have recently signed a power purchase agreement (PPA) that will pave the way for the construction of three large photovoltaic plants in the country. This initiative will not only boost the country's renewable energy sector but also bring significant economic benefits. Under the PPA, Karatzis will sell the electricity generated from the three projects with a total capacity of 270.8 MW to its customers. The investments for this project amount to EUR 190.8 million, of which EUR 159.6 million will be provided through the European Union's Recovery and Resilience Fund (RRF) and bank loans. This is a well-thought step towards achieving a sustainable future for Greece. Karatzis had previously obtained loans from Eurobank and Bank of...
Unite. Act. Deliver. Isn't that what we all want when tackling climate change and its impact on our planet? The aluminium industry stands at a critical juncture, making it imperative for the sector to participate in, monitor, and support COP28 . With the industry contributing 2 per cent of global anthropogenic emissions, COP28 represents a unique opportunity for the aluminium sector to align its strategies with international efforts to combat climate change. While aluminium is inherently sustainable, its production is associated with a substantial carbon footprint. The industry's annual emission of 1.1 billion tonnes of CO2 necessitates collective efforts to find solutions. According to an AL Circle report , in bauxite mining, the concern about CO2 emissions is relatively low compared to...
