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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The Shanghai Metals Market, on November 24, marked a slight digression in aluminium prices, with the SMM A00 aluminium ingot price rising by RMB 10 per tonne to close at RMB 18,820 per tonne. The average aluminium prices have hovered between RMB 18,800 per tonne and RMB 18,840 per tonne. If the SMM aluminium ingot price on November 24, last year, is considered, a Year-on-Year slump of RMB 280 per tonne or 1.46 per cent from RMB 19,100 per tonne can be recorded. Also, on a Month-on-Month scale, the SMM aluminium price has dropped by RMB 90 per tonne or 0.47 per cent from RMB 18,910 per tonne on October 24 to RMB 18,820 per tonne today. When the aluminium price on November 17, last week, is taken into account, one can find a Week-on-Week escalation of RMB 10 per tonne or 0.05 per cent....
LME aluminium opened at US$2223 per tonne in the previous trading day, with its low and high at US$2215 per tonne and US$2233 per tonne, respectively, before closing at US$2222 per tonne, up US$0.5 per tonne or 0.02 per cent. On Thursday, November 23, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$12 per tonne or 0.54 per cent and US$11.5 per tonne or 0.52 per cent to close at US$2,182 per tonne and US$2,183 per tonne. As per the London Metals Market (LME) data, both 3-month bid price and 3-month offer price dipped by US$16.5 per tonne or 0.73 per cent to clock at US$2,220 per tonne and US$2,221 per tonne. December 24 bid price and December 24 offer price fell by US$8 per tonne or 0.34 per cent to halt at US$2,342 per tonne and US$2,347 per...
Gränges' climate objectives for the near term in 2030 and achieving net zero by 2040 have been officially validated by the Science Based Targets initiative (SBTi). This validation affirms that Gränges' goals are in harmony with the latest climate science, align with the objectives of the Paris Agreement, and reflect a steadfast commitment to implementing emission reduction measures in accordance with scientific recommendations. In June 2022, Gränges became a member of the Science Based Targets initiative (SBTi) and, in January 2023, submitted its updated climate goals for validation. The endorsement from SBTi underscores Gränges' steadfast commitment to sustainability and its determined efforts to diminish the environmental impact throughout its business operations and along the entire...
Companhia Brasileira de Alumínio (CBA), the largest aluminium producer in Brazil with a total production capacity of around 480,000 tonnes, announced its third-quarter results of 2023, ended September 30, reporting a 13 per cent growth in sales volume to 119,000 tonnes. The company’s primary aluminium sales reached 67,000 tonnes, reflecting a 26 per cent rise from the previous year, with emphasis on aluminium-silicon billets and ingots. This sales growth owes to improvements in the civil construction and automotive sectors. According to CBA, the positive result in Q3 2023 was driven by improved economic conditions in Brazil. The company also reported in its quarterly results that it recovered the operational stability of the furnace rooms, with liquid aluminium production reaching 84,000...
Aluminium ADC12 alloy ingot prices in India have remained stable at INR 182,000 per tonne, while tense scrap prices have also remained largely unchanged at INR 155,000 per tonne ex Delhi due to limited demand. The price of China Silicon 553 has decreased by 1.8 per cent w-o-w and is currently reported at US$1,935 per tonne. Sources suggest that the production capacity has remained stable, leading to the stability of local prices. The Indian aluminium alloy industry has seen fluctuations in recent months due to varying global market dynamics, supply chain disruptions, and geopolitical events. The automotive and construction sectors, which are significant consumers of aluminium alloys, have experienced a surge in demand, leading to challenges in raw material supply chains, rising energy...
As the backbone of industries worldwide, aluminium is pivotal in modern technology, from laptops to spaceships. However, the key ingredient, bauxite, necessitates sustainable mining practices to mitigate adverse environmental and social impacts. Let's delve into the intricate world of bauxite mining, exploring its current landscape, challenges, and the promising realm of sustainability. Global production: According to AL Circle research team, there will be a 2.6 per cent increase in global bauxite production in 2023, with Australia and Guinea leading the charge. However, shifts in China's output and the decline in Malaysia's mining underscore the industry's evolving geography. India's growth highlights the sector's expanding footprint. If you want to know more about the top producers of...
The past three years have been very crucial for the European aluminium industry, beginning with the COVID-19 pandemic and lockdown in 2020, which rocked the global trade economics to a certain extent. As the world was gradually recuperating from the production crisis and demand delay, in February 2022, the Russian-Ukraine crisis got fuelled, plunging the world trade relations into a feat of dismay and uncertainty. The surge in energy prices, increasing bank interest rates, inflationary pressures, and economic deceleration in Europe have not only affected the demand for aluminium but have also left an imprint on various other sectors. And now, the Israel-Palestinian war has put the last nail in the coffin, as back-to-back geopolitical dilemmas can be detrimental to an evolving economy. The...
Centrica Business Solutions has bagged a contract to install a 3MW solar array at Smart Architectural Aluminium’s facilities in Yatton, near Bristol. The news came on November 23 after both companies signed a deal. Centrica Business Solutions builds, operates, and maintains onsite and large-scale energy assets like Solar PV and Combined Heat and Power to help manufacturing companies reduce carbon footprint and save money. As soon as Centrica signed a long-term lease agreement with Smart Architectural Aluminium, it started the construction of 7,000 solar panel array across the roofs of three buildings at Smart Architectural Aluminium. The agreement is a 25-year deal with Smart Architectural Aluminium, under which Centrica has agreed to lease the roof space, finance the project, and...
Established in 2012, Guangdong Betterlid Packaging Material Co., Ltd has joined the Aluminium Stewardship Initiative (ASI) as a new Industrial Users member. It is a prominent and competent producer of aluminium packaging materials and an integrated solutions provider. The company has been primarily engaged in manufacturing, processing, research, and developing aluminium packaging materials. These materials have extensive applications in various goods, such as easy-open ends, aluminium tabs, screw caps, Maxi-P caps, aluminium bowls, containers, easy peel-off ends, and aluminium foil products. “We recognise that as an aluminium packaging material manufacturer and a link in the aluminium value chain, only by adopting a responsible management concept, protecting the environment and...
The global bauxite mining industry is expanding due to many causes, including the increasing demand for aluminium products. Aluminium is a highly adaptable and low-density substance used in diverse sectors such as automotive, aircraft, construction, packaging, and consumer products. As the sectors mentioned above see ongoing expansion, there is a foreseeable rise in the demand for aluminium and its primary raw material, bauxite. As per AL Circle's "Global Aluminium Industry Outlook 2023" , the global bauxite supply is set to tread a growth path in 2023 with an estimated production of around 393 million tonnes. This is a 2.6 per cent increase over 2022, and this will be driven mainly by the two largest producers of bauxite in the world, viz. Australia and Guinea. Capacity ramp-ups and...
The Federation of Aluminium Consumers in Europe (FACE) is of the opinion that the European Union's twelfth package of sanctions on Russian aluminium will harm Europe's economy more than Russia's. In response to the report last week that European Union (EU) countries are contemplating imposing new sanctions on Russia , banning aluminium product imports, FACE said that the European Commission added aluminium to the 12th package of sanctions without considering the possible consequences. FACE's Secretary General, Dr Mario Conserva, commented: "Adding aluminium products to the twelfth sanctions package proposal is not a great demonstration that the EU has a strategic compass: it will not help accelerate the end of the war in Ukraine, it will further redirect Russian low carbon supplies, that...
Brussels, 22nd November 2023: The Permanent Material Alliance - comprising the Association of European Producers of Steel for Packaging (APEAL), European Aluminium, the European Container Glass Federation (FEVE) and Metal Packaging Europe. Source: Permanent Material Alliance The Alliance welcomes the recyclability provisions adopted by the European Parliament’s plenary session today. The vote signals a commitment to more ambition, and this is a significant stride toward advancing the circular economy and positions the European Union as global leader in sustainable practices. Recyclability performance grades are a great step forward “The performance grades, and their strong qualitative recyclability criteria, will foster innovation by rewarding packaging that is designed for recycling...
Yunnan Runxin Aluminum Co., LTD. has achieved a remarkable milestone in the field of aluminium electrolytic solid waste collaborative treatment and utilization technology research and development. Recently, the company led the way by applying for the Yunnan Aluminium Electrolytic Solid Waste Collaborative Treatment and Utilization Engineering Research Centre, announced as the 16th batch of provincial engineering research centres by the Yunnan Provincial Development and Reform Commission. The engineering research centre, in collaboration with the research team at Kunming University of Science and Technology, is dedicated to addressing the critical issue of harmless treatment of aluminium electrolysis solid waste and comprehensive utilization of secondary resources. This will facilitate the...
Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali paid his visit at the Arab International Aluminium Conference (ARABAL), leading the company’s delegation. ARABAL is the Middle East’s premier trade event for the aluminium industry, combining a strategic conference with an international exhibition. This year, Ma’aden, the largest multi-commodity mining and metals company in the Middle East, is hosting the 25th edition of ARABAL in Riyadh, Saudi Arabia, from November 21 to November 23, 2023. At the ARABAL 2023 conference, Alba’s CEO Ali Al Baqali delivered his speech at the Arab CEO Smelter Panel ‘Current Challenges and Future Opportunities’. The CPO Amin Sultan took part in the panel discussion on Getting on Track with the Net Zero Scenario – Decarbonising the...
On Thursday, November 23, China’s A00 aluminium ingot has dropped by RMB 70 per tonne to clock at RMB 18,810 per tonne, with the average prices standing between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price may be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. As per the Shanghai Metals Market (SMM) data, the price in Foshan has fallen by RMB 90 per tonne to reach RMB 18,900 per tonne. The prices in Wuxi and Hangzhou have also slumped by RMB 70 per tonne to clock at RMB 18,810 per tonne. On the same day, the domestic aluminium ingot price in Tianjin also witnessed the same fall of RMB 70 per tonne to peg at RMB 18,840 per tonne. The A00 aluminium ingot prices in Shenyang and Chongqing have dropped by RMB 60 per tonne and RMB 40 per...
On November 22, the LME aluminium live price chart experienced mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price shedding US$7 per tonne or 0.32 per cent to officially close at US$2,194 per tonne and US$2,194.50 per tonne. When the LME aluminium price on November 22, last year, is taken into account, we can find a Year-on-Year degradation of US$199.50 per tonne or 8.33 per cent from US$2,394 per tonne recorded that day. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price slumped by US$2.50 per tonne or 0.11 per cent to arrive at US$2,236.50 per tonne and US$2,237.50 per tonne, respectively. The December 24 bid price and the December 24 offer price have gained US$2 per tonne or 0.08 per cent, registering...
OTTO JUNKER, a leading supplier of high-quality melting and heat treatment plants, presents two pioneering products which will help shape the future of metal processing: EcoJet, the latest product on the market, and JuDy, a proven solution which, together with EcoJet, will be an unbeatable combination. These future-oriented solutions allow a highly efficient preheating of bars and billets and environmentally friendly heating without using fossil fuels while at the same time minimising costs. With these furnace solutions, OTTO JUNKER offers a sustainable and cost-efficient alternative for the industry. Sustainable preheating with EcoJet EcoJet is a preheater which combines maximum efficiency and environmental protection. With an efficiency of more than 95 per cent, EcoJet sets new...
During its November 22, 2023 session, the Supervisory Board of AMAG Austria Metall AG announced the appointment of Dr Helmut Kaufmann (60) as Chief Executive Officer (CEO), effective January 1, 2024. Dr Kaufmann will continue in his role as Chief Operating Officer (COO) concurrently. This transition marks the succession of the current CEO, Gerald Mayer, who is set to depart the company on December 31, 2023. Dr Kaufmann's contractual term is standard, spanning three years and concluding on December 31, 2026. Simultaneously, Claudia Trampitsch (46) has been designated as the incoming Chief Financial Officer (CFO) of AMAG Austria Metall AG following the approval of the Supervisory Board during today's meeting. Mrs Trampitsch, who has served as the Head of Group Accounting at AMAG since 2015...
