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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Net zero, or the urge to shift towards a greener and sustainable environment, can be called the need of the hour. But what is Net zero, and how well is the industry moving towards it? Is the industry making compromises as a sector to strengthen long-term efforts? Get all the answers on Monday, June 1, at ALFED EnvironmentAl Sustainability Strategy Day. This one-day event will take place at the BMA House in London and will include experts from the United Kingdom's thriving aluminium supply chain to network, learn about new prospects, and tackle some of the industry's most serious issues. "The aluminium industry is a vital part of the manufacturing sector and an essential component of the UK economy, playing a key role in our national transition towards a more sustainable future. But what's...
Volvo Cars is set to unveil its latest vehicle, the EX30, on June 7th. This small, fully electric SUV is designed to meet the demands of the modern era while focusing on safety and environmental responsibility. A successor to Volvo's 2024 year model C40 Recharge and XC40 Recharge EVs, the EX30 aims to further improve sustainability by reducing its lifecycle carbon emissions by an impressive 25%. Usually, electric vehicles have the upper hand due to zero "tailpipe" emissions. Here Volvo has felt the need to curtail emissions from other sources, such as production and grid electricity. Volvo EX30's selective approach to materials and construction mirrors its commitment to minimising environmental impact. As the smallest vehicle in the Volvo warehouse, the EX30 will be built using fewer...
On Monday, May 29, Aluminium Bahrain B.S.C. (Alba) announced that it secured ISO 18788:2015 Certification, which represents its high-end Quality Management System. The world’s largest aluminium smelter outside China takes immense pride in becoming the first industrial company in Bahrain to have received this certification. ISO 18788:2015 serves as an international benchmark for the company to conduct its professional security operations in certain ways that meet the requirements of clients and stakeholders and adhere to applicable laws and human rights rules. The certification was given to Alba following the surveillance audit of its Security Operations Management System (SOMS) at the main site, Calciner and Marine Facility and S.P.L. Treatment Plant. Alba obtained the certification...
Bremont unveiled the all-new MB Viper watch encased in an orange anodised aluminium bezel and Grade 5 titanium casing with a matte black protective carbon coating and a rhodium-plated rotor of solid tungsten. Military themes have inspired the watch and have fighter jet elements. The concept watch, Bremont MB Viper, is a limited edition of 300 watches with a strong instrument pilot's watch appearance. The MB Viper is a drastic design departure from previous models in the brand's lineup, exuding an aggressive, angular, stealth bomber attitude. The matte black octagonal base is topped with a rounded orange square with four black screws, and a circular orange bezel rests on top of this. The casing is broad and flat, measuring 43.5mm across (48mm with the crown guard included). It is 51mm in...
Redefine Properties has collaborated with Cash4Trash (C4T) to create innovative reverse vending machines that utilise 4IR technology to automate the process of collecting, sorting, and handling used beverage containers for recycling or reuse. The concept was the winning idea of REIT's first Innovation Challenge, and with Redefine's assistance, it will be tested at their head office in Sandton. The CEO of Redefine, Andrew König, commented: "We are extremely thrilled to launch this exciting opportunity today, which has recycling and a clean future at its core. This is in line with Redefine's vision to put the environment at the heart of everything we do." "It is also especially pleasing to see our first Innovation Challenge winner being able to bring their superb idea into the market, and...
According to the International Aluminium Institute, world alumina production during April 2023 edged a fall of 3.32 per cent month-on-month to stand at 11.235 million tonnes. In March, the output stood at 11.621 million tonnes, reflecting a hike of 12.48 per cent from 10.331 million tonnes in February. On a year-on-year calculation, world alumina output in April recorded a decline of 2.49 per cent from 11.522 million tonnes. The world average daily output in April’23 was 374,500 tonnes, slightly down by 400 tonnes from 374,900 tonnes in March. On an annual calculation, it plunged by 9,600 tonnes or 2.5 per cent from 384,100 tonnes. During January-April 2023, the world alumina output amounted to 44.607 million tonnes versus 45.078 million tonnes during the same period of the previous year,...
On Tuesday, May 30, the SHFE aluminium has lost US$5 per tonne or 0.19 per cent to close at US$2,575 per tonne. The most-traded SHFE 2307 aluminium contract opened at RMB 18,055 per tonne overnight, with its low and high at RMB 17,885 per tonne and RMB 18,065 per tonne before closing at RMB 18,070 per tonne, down RMB 140 per tonne or 0.77 per cent. LME aluminium price The LME market was closed on Monday, May 29, during Spring Bank Holiday and will resume trading on Tuesday, May 30. However, on Friday, May 26, both LME aluminium cash bid price and LME aluminium official settlement price halted at US$2,241 per tonne and US$2,242 per tonne, rising by US$6 per tonne or 0.27 per cent. 3-month bid price and 3-month offer price were hiked by US$11.50 per tonne and US$12 per tonne to stand at...
Penrhos Spirits, a Herefordshire-based liquor company, has bagged the Gin Guide's coveted Product of the Year award. The limited edition Wonky Raspberry from Penrhos Spirits was introduced in 100 per cent recycled aluminium bottles to mark the transfer using additional, wobbly raspberries from the farm during the summer of 2022. The award is generally given to the gin with the highest total score from the blind tasting of the judges and the design and branding area. As part of its continuous commitment to the environment, the company will move all of its spirits into aluminium bottles in the future. "We were so delighted to find out that we'd won the Gin Guide's Product of the Year. 2023 has been a real step change for all of us at Penrhos, as we made the move to launch our gins into 100...
The Asus ROG Zephyrus G14 comes packed with AMD Ryzen 9 7940HS CPU (clocked at 4.00GHz), Radeon 780M Graphics and Nvidia GeForce RTX 4080 with 12 gigabytes of RAM to take care of the graphics processing. The fingerprint-resistant magnesium-aluminium alloy deck keeps it looking new day after day. Precision CNC cutting generates 6,536 holes across the aluminium lid for a unique dot matrix pattern. Honeycomb reinforcements give strength while using minimum material to keep the chassis light. The 14-inch mini-LED screen features a resolution of 2560 x 1600 and a high refresh rate of 165Hz with a reaction time of fewer than 3ms. Display profiles may be changed in the Armoury Crate using a particular editing mode called Display-P3, which should improve colour accuracy. The laptop is powered by...
AVM Audio Video Manufaktur, the Germany-based consumer electronics manufacturer, unveiled its latest compact loudspeaker, the Audition CB 2.3, and the CS 30.3 All-In-One CD Receiver with AVM-X-Stream Engine. The silver anodized aluminium front panel blends perfectly with any home décor style, so buyers do not have to worry much about re-doing their interiors as per its looks and features. AVM launched the two new products, including the Audition CB 2.3, the company's first 'Compact Box' loudspeaker, at the High-End Munich Show 2023. It is a tiny 2-way speaker that combines renowned loudspeaker specialist Karl-Heinz Fink's technical competence with AVM's sound and aesthetic vision. During the press launch of these two new products, the German high-end audio brand reinforced its "Back to...
The Team AL Circle is deeply saddened by the demise of Mr Bhavani Shankar Pani, a member of Utkal Chamber of Commerce (UCC), and former DGM (Technical) of NALCO. He breathed his last on Saturday, at 11:20 PM, at HCG Oncology Hospital in Bengaluru. Mr Pani, an aluminium expert, lived all his life with an inspiring zeal but succumbed to cancer in his last days. He is survived by his wife Susmita Pani and only son Gourav Pani. With the ocean of knowledge on aluminium, Mr B.S. Pani’s contribution to the industry and AL Circle, in particular, is unmatched. He was associated with AL Circle as a Director Consultant from 2010-2014. He mentored the team in its initial days with the best of his experience and knowledge in the aluminum sector. Till today, we are following his teachings in shaping AL...
As per the latest Form 13F filing by the Securities and Exchange Commission (SEC), HRT Financial LP has acquired 23,537 shares of Kaiser Aluminum Co., amounting to a value of $1,787,000. At the end of the 4th quarter, this purchase represented approximately 0.15% of the total stock holdings of the company. In addition to HRT Financial LP, other hedge funds and institutional investors, including State Street Corp, Russell Investments Group Ltd., Penn Capital Management Company LLC, Northern Trust Corp, and Barrow Hanley Mewhinney & Strauss LLC, have also made changes to their Kaiser Aluminum holdings recently. Overall, hedge funds and institutional investors own an impressive 99.65% of the company's stock. Kaiser Aluminium paid a quarterly dividend on May 15th to shareholders who owned...
On May 25, Enval Ltd. opened its first fully operational recycling plant in Cuautla, located 70 miles south of Mexico City. The company's technology mainly looks after completely separating aluminium from plastic laminates and recycling them individually. This new facility, worth $3 million, is a joint venture between Enval, Greenback Recycling Technologies Ltd., and Nestlé México SA de CV. Enval's cutting-edge technology will process difficult-to-process plastic-aluminium laminates and convert them into oil feedstock. The companies involved plan to process 6,000 metric tons of flexible packaging in the first year of operation. Enval is also working on additional plants in countries such as Colombia and Germany. Meanwhile, Greenback plans to invest over $100 million in Mexico and create...
Coventry's Impression Technologies Limited (ITL) and EMI Aerospace (EMI) from Michigan have formed a licensing and technical services agreement to develop advanced aluminium structures using Hot Form Quench (HFQ) technology for global aerospace markets. EMI Aerospace will be able to broaden its range of applications and offer hot-formed aluminium structures for aerospace OEMs with reduced part count and cost, thanks to access to HFQ technology and technical support from ITL. The alliance combines EMI Aerospace's production capabilities, experience, and market channels with ITL's expertise in materials characterization, simulation, applications engineering, and HFQ process technology for the highest available strength grades of aluminium sheet. Jonathan Watkins, the Chief Executive Officer...
Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, said they would like to strengthen relationships with key aluminium producers in the Arab World at a meeting with the Egyptian Minister of Public Enterprises Sector, His Excellency Dr Eng. Mahmood Kamal Esmat, on May 24, 2023, in Cairo, Egypt. The meeting was graced by the presence of Alba’s Chief Executive Officer, Ali Al Baqali; the Managing Director of the Metallurgical Industries Holding Company, Eng. Mohammed Al-Saadawi; and the Chief Executive Officer of Egyptalum, Dr Mahmoud Agour. The agenda of the meeting was developing mutual cooperation and exploring potential opportunities for investment in the aluminium industry. Alba’s Chairman, Shaikh Daij Bin Salman,...
Ball Corporation has publicised its recent collaboration with Novelis and Penske Logistics with a social media post. The trio would replace single-use plastic cups with Ball's aluminium cups at all Indianapolis Motor Speedway events in 2023. The lightweight aluminium cup, courtesy Ball Corporation , can be recycled infinitely after proper use curtailing the amount of carbon dioxide released into the air in the long run. Ball claims about 75% of the aluminium produced remains in the material loop due to recycling. Moreover, an aluminium cup can return to the self within a 60 days cycle. This is not the first time the sports community has actively promoted aluminium use. Only last week, May 23, there were reports of War on Single-Use Plastic ( WOSUP ) implementing aluminium cup use during...
The average alumina spot price in China has extended decline over the weekend, marking the fifth consecutive day of downfall since Tuesday, May 23. Shanghai Metals Market finds the alumina price starts the week with a fall of RMB 8 per tonne to stand at RMB 2,853 per tonne as of Monday, May 29. After an incessant decline almost throughout the week, China’s domestic alumina spot price stands 0.77 per cent lower W-o-W than RMB 2,875 per tonne. In Shandong, the average alumina spot price has dwindled by RMB 20 per tonne to settle at RMB 2,845 per tonne, followed by a decline of RMB 10 per tonne in Henan to RMB 2,920 per tonne and RMB 5 per tonne in Shanxi to RMB 2,850 per tonne, found SMM. Meanwhile, the Australian alumina FOB price has remained restrained at US$340 per tonne. A00 aluminium...
LME aluminium opened at US$2,219 per tonne last Friday, with its low and high at US$2,209 per tonne and US$2,265 per tonne, respectively, before closing at US$2,243 per tonne, up US$29 per tonne or 1.31 per cent. On May 26, Friday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,241 per tonne and US$2,242 per tonne, rising by US$6 per tonne or 0.27 per cent. In May, the LME aluminium price index hovered around the average range of US$2,353 per tonne (May 2) and US$2,202 per tonne (May 23). On a year-on-year basis, the aluminium spot price has slumped by US$583.50 per tonne or 20.65 per cent from US$2,825.50 per tonne (May 26 2022) to US$2,242 per tonne last week. The 3-month bid price, with an US$11.50 per tonne or 0.52 per cent hike, rested...
