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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Imported aluminium scrap prices in India have experienced significant volatility, where several grades witnessed a growth of upto $40 per tonne and a decline of up to $10 per tonne for some grades when compared on a W-o-W basis. These fluctuations can be related to the patterns seen on the London Metal Exchange's (LME) three-month futures market, where aluminium prices remained contracted by $40-50 per tonne W-o-W in the previous trading session, at US$2,230-$2,240 per tonne. The LME, however, remained closed on May 29 due to the summer bank holiday. Aluminium stockpiles on the LME increased by 24,580 tonnes Y-o-Y to 579,775 tonnes. Compared to other grades, such as UK Zorba 95/5 or 94/4, and the domestic tense pricing in the northern regions, INR 163,000 per tonne, the price of tense...
Reynaers Aluminium in Enniscorthy recently had its new multi-million euro renovation and extension officially opened by the Belgian ambassador to Ireland, Karen Van Vlierberge. The new extension is comprised of 3,500sq metres of new and refurbished facilities that meet the highest standards in building regulations. Following strict production policies is beneficial for a company when it comes to the authenticity of its flagship products. Reynaers is one of UK's most revered providers of aluminium solutions. Aluminium is 100% recyclable and can retain its original properties even after transformation. Thus Reynaers' doors and windows have an inseparable sustainability factor attached to them. Moreover, with this new renovation, the company aims to highlight its ESG agenda, as the...
On Tuesday, May 30, MAAN Aluminium, one of the pioneers in the aluminium extrusion industry in India, announced its financial results for the March quarter of 2023, whereby it reported net sales of INR 262.87 crore, up by 38.63 per cent quarter-on-quarter from INR 189.62 crore . On a year-on-year basis, the company’s net sales in Q4 FY2023 recorded a 103.78 per cent surge from INR 129 crore. For the entire fiscal year ended March 31, 2023, MAAN Aluminium posted INR 813.69 crore (approx.) of net sales. The company’s net profit in the March quarter stood at INR 14.46 crore, reflecting a slight rise of 3.21 per cent from INR 14.01 crore in the previous quarter and a surge of 76.99 per cent from INR 8.17 crore in the earlier year. EBITDA stood at INR 22.30 crore in 4QFY2023, up by 70.23 per...
Alstom, a French rolling stock manufacturer that operates in rail transport markets throughout the globe, has won the INR 30,000 crore deal for the building and maintenance of 100 Vande Bharat trains with aluminium bodies.Alstom submitted a price of INR 151 crore per trainset, 11 per cent less than the second lowest bid of INR 169 crore/trainset submitted by the Staddler and Medha consortium. This offer was for the production of 100 aluminium Vande Bharat rakes. The successful bidder for the INR 30,000 crore contracts to produce and maintain 100 aluminium Vande Bharat trains would earn INR 13,000 crore upon delivery, with a further INR 17,000 crore payable over 35 years for maintenance. The government anticipated five offers for the Vande Bharat contract from firms such as Siemens of...
According to Llewellyn Regler, National Technical Manager at Network Architectural, their partnership with PanelCycle began about two years ago. At that time, no one had set up a recycling system for aluminium composite panels. PanelCycle was the first independent company to provide a recycling solution, and partnering with them made perfect sense. Network Architectural is known for its facade and ceiling solutions expertise and has always prioritised sustainable solutions. Their commitment to quality, compliance, and transparency is unmatched. Through their partnership with PanelCycle, customers can now choose sustainable options for re-cladding. In the past few years, with the advent of the Paris Act of 2015, the concept of environmental leadership has grown and developed alongside the...
Two members of Alupro, a not-for-profit aluminium packaging recycling organisation in the United Kingdom, are reportedly named in the list of 2022/23 Resource Hot 100, an annual poll to choose the best 100 in the recycling industry. They have been recognised as the leading names in the UK recycling industry. Tom Giddings, executive director (#50) and Martin Hyde, sustainability and public affairs manager (#91), have won the positions, contending against broadcasting royalty Sir David Attenborough and circular economy pioneer Dame Ellen MacArthur. Giddings was a new entry for 2023, but Hyde made it for the second year. The latter was named in the 2022 list for his commitment to improving consumer education and influencing legislative change. The annual poll Resource Hot 100 began in 2002....
Alumina Limited has endorsed Alcoa's bauxite mining, which Premier Mark McGowan has cautioned must not jeopardise Perth's water supply. Alumina Limited chair Peter Day said that the business, which controls 40 per cent of Alcoa's Australian operations, was aware of community expectations about rehabilitating the jarrah forest it mined in the southwest of Western Australia (WA). According to Alumina CEO Mike Ferraro, 75 per cent of the woodland removed by Alcoa has been restored. On the other hand, Alcoa lists land as rehabilitated after the first 12 months of landscaping and sowing rather than when the completion conditions are completed. Ferraro, who has managed Alumina for six years, said that Alcoa's activities in Western Australia (WA) had created considerable revenue and dividends...
Brazil has set a new record by recycling 100 per cent of the 390,200 tonnes of aluminium cans sold last year, the highest rate reported since the measurements began in 1990. This outcome strengthens aluminium's position as a more favourable alternative for sustainability and the circular economy. Recicla Latas, the managing entity, consolidated the data following an investigation by the Brazilian Association of Aluminium Cans (ABAL) of the volume of scrap collected and recycled cans and the volume of cans sold informed by the Brazilian Association of Aluminium Can Manufacturers (Abralatas). In 2022, the sales volume of cans fell more than the amount collected. Consequently, the finding implies that inventory consumption in the chain is expected to grow. Aside from the aluminium beverage...
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices by INR 3,750 per tonne or 1.6 per cent, bringing the ingot price to INR 220,000 per tonne. Hindalco’s aluminium wire rod and billets prices stood at INR 232,000 per tonne and INR 234,100 per tonne. On May 24, Hindalco further reduced its aluminium prices by INR 5,250 per tonne, resulting in the aluminium ingot price at INR 214,750 per tonne, aluminium wire rod price at INR 226,750 per tonne, and aluminium billets price at INR 228,850 per tonne. On May 25, the company added INR 2,500 per tonne...
Pakistan Aluminium Beverage Cans (PABC) has announced a plan to increase its production capacity in response to a significant surge in demand for aluminium cans. The company has achieved an impressive utilization rate of 88% in 2022, which marks a noteworthy increase from the previous year's rate of 78%. Currently, PABC has an annual capacity of 950 million cans, but it is aiming to increase it further to 1.2 billion cans in the near future. The expansion is expected to be completed by August 2023, which will allow PABC to meet the growing demands of its consumers. In a recent corporate briefing, the company posted that in FY20, its portion of exports in total sales was almost 39%, which dropped to 37% in FY21. JS Global analyst Waqas Ghani Kukaswadia mentioned that it heightened to 42%...
LME aluminium closed at US$2,228 per tonne, a drop of US$7.5 per tonne or 0.67 per cent. On May 30, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,229.50 per tonne and US$2,230 per tonne, diving US$11.50 per tonne or 0.51 per cent and US$12 per tonne or 0.53 per cent, respectively. Since LME was closed on Monday due to Spring Bank Holiday, the comparison has been made with Friday, May 26, last week. The LME aluminium price on April 28 was US$2,342 per tonne, which fell 4.78 per cent or US$112 per tonne month-on-month to US$2,230 per tonne on Tuesday, May 30. The 3-month bid price and the 3-month offer price both dropped US$13 per tonne or 0.58 per cent, officially settling at US$2,224 per tonne and US$2,225 per tonne. December 24...
A.K. Glass & Aluminium Works, established in 2005, has recently been awarded the prestigious Global Excellence Award (GEA) 2023 by Brand Empower for being the "Most Trusted Interior Solution Provider in Telangana". Founder & CEO Abdul Khader Patan Wala received the award from the evergreen Bollywood actress Madhuri Dixit Nene. The company is committed to delivering quality interior solutions focusing on innovation and customer satisfaction. They have established themselves as a leading player in the interior design industry, providing patented glass or aluminium solutions for the construction sector. The company stays up-to-date with the latest trends and advancements in the field of interior design, ensuring that its offerings are at the forefront of style and functionality. Their...
Except for nickel, all non-ferrous metals prices on the London Metal Exchange (LME) have registered growth. Aluminium futures gained 0.3 per cent to $2,237 per tonne, while lead futures increased by 0.2 per cent to $2,078 per tonne. Copper prices increased by 2.2% to $8,135/t. Zinc prices, on the other hand, increased by 3.1% to $2,343/t. Nickel prices, on the other hand, fell 0.3% to $21,162/t. According to Au Jibun Bank, Japan's manufacturing purchasing managers' index (PMI) improved to 50.8 in May 2023. This is a favourable development since it suggests that operational circumstances have improved for the first time since October 2022. The COMEX market (Commodity Exchange) shows that copper prices have risen by 3 per cent to $8,093 per tonne from $7,875 per tonne on the previous...
Aluminium Stewardship Initiative (ASI) has granted Performance Standard V2 (2017) Certification to Shanghai Unison Aluminium Products Co., Ltd. The company has received the certification for manufacturing aluminium structural parts of automobiles (e.g. car body, chassis and battery tray) at its facility in Qingpu District, Shanghai, China. Shanghai Unison Aluminium Products Co., Ltd. specialises in lightweight auto parts to promote energy saving and emission reduction. The auto body structural parts it manufactures can be categorised as bumper series, door sill beam series, subframe series, battery tray series, and shock absorption series. On receiving the certification, Paul Luo, General Manager at Unison, said: “As a global supplier to the automotive industry, Unison is committed to...
EGA or Emirates Global Aluminium, which is the biggest industrial company in the United Arab Emirates, aside from oil and gas, recently announced that it would be introducing the SafeStart programme to the region. This behavioural safety programme aims to help the company achieve its goal of zero harm and an enhanced workplace atmosphere. EGA's safety performance is already better than the industry average, but the company is determined to eliminate the risk of serious harm in its operation by the end of the decade. To achieve this, EGA is focusing on improving all four factors of safety, including technical solutions, organisational safety management systems, authentic safety leadership, and human behaviour. SafeStart oversees the humane anomalies in safety by targeting states of mind...
Sunshine Coast Council has just finished a daring treetop expedition, where they have repaired and restored the nest of ospreys and their children, which was severely destroyed by a storm two years ago. Wildlife professionals have used aluminium to construct a basket to strengthen the new nest, offering a sturdy foundation for the nest that the council hopes the couple will build during mating season. The aluminium osprey basket snuggled into a natural wood tree structure, making it easier for the council to maintain the original hardwood timber tree branches on which the birds rest. The raptors' artificial nesting block was situated at the top of a nesting pole, between specially constructed frames of tree branches. "The decision was made not to create an artificial nest structure there...
SDE Technology has laid the foundations for an extraordinary 1000-tonne Chin Fong press and coil handling line at its Brixton Way factory in Shrewsbury. This latest implementation will permit the application of larger dies that particularly aid in forming larger aluminium components for the automotive industry. The entire investment required for such an endeavour is approximately £2 million, and the firm is spending it for primary upgrades pertaining to the project. Once fully optimised and operational, this will be deemed the largest progression press with a bed size of 4.5 metres x 1.8 metres. SDE Technology projects that the press can efficiently generate £2 million in revenue. The company associates have begun recruiting tier 1 suppliers and OEMs to induce a closely knit supply chain...
Aluminium Secondary Manufacturers Association (ASMA) conducted a seminar on 'Global Trade, Sustainability and Competitiveness of Indian Downstream Aluminium Industry in presence of CBAM' on May 17, 2023, at India International Centre, New Delhi. The seminar was about introspecting the burning issue of CBAM and analysing the Government's initiatives and strategy to tackle the matter, ensuring the industry's growth. In addition, there was also a session on 'Raw Material Price Risk and Hedging Mechanisms' in the seminar to gain varied knowledge from industry professionals. The key speakers in the seminar were Dr Anchal Arora, faculty at IIFT, Delhi; Shri Anial Agarwal, patron of ASMA; Shri Ankur Aggarwal, Vice President of ASMA; and Mr Chittaranjan Rege, head of MCX. Unfortunately, Shri...
