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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Lutfa Mahmuda, an artist who graduated from India's Visva-Bharati University, recently held two exhibitions in Uzbekistan. Lutfa Mahmuda has experimented with various art mediums, such as lithography on aluminium sheets, but her main priority is the social aspects of life and its influence on fine arts. She illustrated her experience as a Bangladeshi representative in Uzbekistan and said: "The art in the country is quite inspired by Islamic design. While taking a class at the Republican Specialized Art School, I noticed their surprise at how much our art differs. Our art forms are quite new to them. Our art is quite conceptual while theirs is quite a design and decoration based." One exhibition took place at the Bangladesh embassy in Tashkent, under the Ministry of Foreign Affairs, and...
Found Energy has created a revolutionary technology that oxidises aluminium with water, transforming stored energy into hydrogen and heat. This novel procedure can work with low-grade and polluted aluminium trash. Cambridgeshire and Peterborough Waste Partnership (RECAP) launched a new 'MetalMatters' campaign to encourage metal packaging recycling in the area. #InTheLoopGM, a new campaign emphasising the need for a "circular economy," has been launched in Great Manchester by the Recycle for Greater Manchester (R4GM) organisation, encouraging residents to recycle items such as aluminium cans, jars, and so on at home, as well as reuse and repair wherever possible. Orbex has launched the world's first marketplace for trading globally certified recycled metals to foster a circular economy....
Aluminium Bahrain (Alba), the world's biggest aluminium smelter outside of China, signed a deal with Bahrain's Electricity and Water Authority (EWA) for operation and maintenance. As part of this agreement, both parties undertake to exchange energy on an annual and seasonal basis to boost power efficiency by carefully managing the timing of exports and imports within their respective electric systems. Emirates Global Aluminium, a significant industrial business in the UAE, inked a memorandum of understanding with BP. National Aluminium Corporation Limited, an integrated aluminium corporation under the Ministry of Mines, released its financial results for fiscal years 2022 and 2023. The company's net profit for the March quarter was INR 495 crore, up from INR 256.32 crore in the previous...
During Q1 of 2023, Italian machine tool manufacturers experienced decreased order intake in domestic and foreign markets. The Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE reported a 23.7% decline in machine tool orders, with an index score of 125.1. However, Italian manufacturers could still utilize more than 86% of their manufacturing capacity and had an order backlog that covered 8.6 months of production, achieving a record high. On May 22nd, Novelis Inc. announced the launch of a new roll-forming development line. This development line will help Novelis meet the industry demand for a process that can produce high-strength aluminium automotive components in large volumes. PMB Technology Bhd aims to increase the output of metallic silicon by 50% in...
Aluminium can be known as the most circular material of all. Because it is endlessly and completely recyclable, it may be converted and reused in the manufacturing cycle. Toyota marked World Recycling Day on May 17 by emphasising the significance of recycling to the environment and its decarbonisation agenda. Toyota has been pushing car recycling since 2003 with an easily accessible collection and separation procedure, resulting in the reuse of 99% of their vehicles' materials. Diageo, the parent firm of well-known liquor brands such as Johnnie Walker, Baileys, Smirnoff, Captain Morgan, Gordon, Guinness, and Tanqueray, announced support for the formation of a UK-based institution aimed at creating a circular economy for aluminium. Newcastle City Council (CN) granted a contract to iQRenew...
This week, the end-user aluminium sector has been quite active, with Motorola releasing its latest Edge 40 for the Motorola Edge series featuring an aluminium framework. Other aluminium end products that made headlines were the L'Epee limited edition grenade clock and the Fineday 3.0 typewriter-style keypad, all made of 100% recyclable aluminium. Tata Group, the parent company of Jaguar Land Rover, seems to favour the UK over Spain for building a large battery plant for electric vehicles. Sources suggest that the conglomerate, which has interests in various industries such as metals and food, is exploring the possibility of building the plant in England following a proposed support package from the UK government. Meanwhile, the TrAM project has developed the Medstraum vessel, a...
Hydro has announced that existing shareholders of Alumetal can now submit subscriptions for selling their shares in a tender offer relaunched by Hydro, a Norway-based global aluminium and energy group. Subscriptions submission is open till June 30, 2023. As per the report, Hydro is offering PLN 78.69 in cash for each share in Alumetal, which represents a premium of 15 per cent over the price offered in the initial tender in April 2022. Alumetal's existing shareholders will receive the full dividend from Hydro's record high net profit of 2022, i.e. a total of PLN 13.82 per share, of which PLN 3.30 per share has already been paid, and the remaining will be paid on July 27, 2023, after the completion of Hydro's acquisition of Alumetal . Considering this, the economic benefit given to...
India's aluminium alloy ingot (ADC12) prices declined by INR 3,000 per tonne W-o-W to INR 196,000 per tonne. Due to lower demand, the market witnessed fewer transactions, which maintained prices on a downward trajectory. The downstream sectors, such as die-casting units and car production, are now underperforming. This declining tendency may be seen in many places. Furthermore, the issue gets highly complicated when considering scrap availability in local markets, with large regional variances. Imported scrap prices are now more attractive for the northern area than local rates. Extensive research has found a notable trend in which imported materials may be obtained for around INR 2,000-3,000 per tonne cheaper than local rates. Material exports are now suffering from a significant setback...
Motorola has incorporated the newest addition to its Edge series - the Motorola Edge 40, with a sleek aluminium frame. This slim device boasts several impressive features, including wireless charging, a curved 144Hz display, and a 50MP dual camera system. The device is also IP68 rated, making it dust and water-resistant, ensuring its durability in various conditions. The Motorola Edge 40 has an impeccable design with a borderless curved glass display and a curved rear panel framed by sandblasted aluminium. The back features soft, vegan leather, adding a touch of luxury. The use of aluminium in electrical appliances has become rampantly common. With the introduction of aluminium into their supply chain, companies like Apple , Huawei and Lenovo have already set up singular examples. We have...
LONGi Green Energy Technology Co. Ltd. (LONGi Group), a Chinese solar module manufacturer, revealed its new Hi-Mo 7 PV module for large-scale and C&I applications at the SNEC expo in Shanghai, China. The device has a 2.0 mm dual glass thickness, an anodised aluminium frame, and an IP68 certification. The temperature coefficient is -0.28% per degree Celsius. It is based on tunnel oxide passivated contact (TOPCon) cells, M10 wafers, and high-performance hybrid passivity (HPDC) dual junction technology. “The backside of the cell features high and low junctions, optimized film design, and advanced deposition techniques to achieve remarkable full-area passivation with minimal parasitic absorption. On the front side, the cell is applied with a local low-resistance contact layer that enhances...
Fineday has designed a unique mechanical keyboard that resembles a classic typewriter. It's made of full aluminium and has a retro style with modern features. The keyboard has handmade keycaps alongside Cherry MX Blue switches and is compatible with both Windows and macOS. The Bluetooth 5.0-enabled keyboard is constructed from aircraft-grade aluminium and has LED backlighting. "Introducing FINEDAY 3.0, a new high-end mechanical keyboard inspired by the classic typewriter design! From its body, keycap, knob, and lever, FINEDAY 3.0 has used full aluminium for durability as well as easy maintenance. Experience the best of both worlds—enjoy the timeless charm and make a worthwhile investment that will make your desk setup extra special," the company advertised. The FINEDAY 3.0 Aluminum...
The latest data from the International Aluminium Institute showed primary aluminium production in Africa recorded a fall of 3,000 tonnes or 2.29 per cent month-on-month during April 2023, coming in at 128,000 tonnes. In March 2023, Africa’s output stood at 131,000 tonnes , up by 8,000 tonnes or 6.50 per cent from 123,000 tonnes. On a year-on-year calculation, primary aluminium production in Africa during April 2023 also registered a drop of 3,000 tonnes, as the output last April also stood at 231,000 tonnes. From January to April 2023, primary aluminium output in Africa totalled 520,000 tonnes, down by 8,000 tonnes or 1.5 per cent from 528,000 tonnes during the corresponding period of the previous year. Africa’s average primary aluminium production on a daily basis was 4,300 tonnes during...
Sparsholt Church of England Primary School has been graded excellent by the Statutory Inspection of Anglican and Methodist Schools (SIAMS) following the inspection on April 28. The curriculum at the elementary school is innovative, and the kids support local and global concerns with compassion. To educate the students about recycling and its importance towards the environment, new aluminium recycling bin have been installed next to the Sparsholt Village Shop. Residents are advised to keep and wash their aluminium foil before bringing it to the collection station to help reduce waste and assist Hampshire and Isle of Wight Air Ambulance. “This school is a truly inspiring place to learn and to work. All members of the school community live out the Christian vision with authenticity and...
Reynaers Aluminium UK, a leading developer and supplier of innovative, sustainable aluminium solutions provider for windows, doors and facades, has been chosen as a nominee by the National Fenestration Awards in the category: Aluminium Systems Company of the Year. Being nominated for this award represents the company's unwavering commitment towards product innovation, quality, and service to its growing customer base. Reynaers owns a dedicated product development team in the UK, which at the company's global headquarters in Belgium, constantly mastermind innovative product updates and develop new systems. Reynaers offers windows, doors and facades with thermal efficiency ratings as low as 0.8W/mK² without compromising on slim sightlines. In the National Fenestration Awards, Reynaers is...
Alcoa has received recognition for its environmental, social, and governance (ESG) performance at Portland Aluminium in Victoria, Australia. Both the smelting and casthouse operations have been certified by the Aluminium Stewardship Initiative (ASI) according to their Performance Standard, which is the most comprehensive in the aluminium industry. This standard covers various principles and criteria for sustainability performance, including biodiversity, Indigenous engagement, circularity, and greenhouse gas emissions. Portland Aluminium is a collaborated effort of Alcoa Australia (55%), CITIC (22.5%), and Marubeni Aluminium Australia (22.5%), and Alcoa looks after the everyday activities at the smelter. ASI has also recertified Alcoa of Australia's assets in Western Australia, which...
LME aluminium opened at US$2,209 per tonne on Thursday, with its low and high at US$2,193 per tonne and US$2,239 per tonne, respectively, before closing at US$2,214 per tonne, up US$8 per tonne or 0.36 per cent. On Thursday, May 25, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$12 per tonne or 0.53 per cent and US$2 per tonne or 0.08 per cent to reside at US$2,235 per tonne and US$2,236 per tonne. 3-month bid price and 3-month offer price closed at US$2,225.50 per tonne and US$2,226 per tonne after recording a dip by US$2.5 per tonne and US$3 per tonne. December 24 bid price and December 24 offer price went down by US$3 per tonne or 0.12 per cent and US$8 per tonne or 0.33 per cent to reside at US$2,390 per tonne and US$2,395 per tonne. LME...
National Aluminium Company Limited, an integrated aluminium company under the Ministry of Mines, has announced its financial results for FY2022-23. The company posted a net profit of INR 495 crore for the March quarter compared to INR 256.32 crore in the December quarter. That reflected an increase of 93.12 per cent, sequentially. However, NALCO’s net profit in the entire financial year 2022-23 plummeted by 51.39 per cent from INR 2,951.41 crore to INR 1,434.66 crore. NALCO reported that its revenue during the March quarter (Q4) came in at INR 3,726.76 crore, registering an increase of 10.99 per cent from INR 3,357.71 crore in Q3 FY2023. In the entire year, the company yielded revenue of INR 14,490.49 crore, flat compared to INR 14,478.67 crore during the financial year ended March 31,...
Imported aluminium scrap prices in India have recorded significant changes recently. As per the data, this week, some grades of aluminium scrap grew to $55 per tonne, whereas specific grades saw a drop of up to $30 per tonne compared to the previous week. These price changes may be attributable to 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 to $2,220 - $2,230 per tonne. Because trading volume was lower than usual, the market mood remained unsettled. In addition, the lack of major transactions produced uncertainty among players since no concrete offers from medium-size purchasers had been received. As a consequence, participants found it difficult to predict market direction. However,...
