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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As per Shanghai Metals Market, China’s social inventories of aluminium ingot kept shrinking week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 657,000 tonnes as of Thursday, May 25. The aluminium inventories dropped 1,000 tonnes more than the previous week when it plunged by 48,000 tonnes. Stocks showed a slower throughput causing variations in regional markets. South China saw stagnancy in cargo arrivals, but outflows increased. Smelters sent more shipments to East China to take advantage of higher prices. Spot premiums slowed down transactions and led to a gradual decline in local stocks. Compared with last Monday, May 22, the aluminium social inventories witnessed a downward leap of 37,000 tonnes, but when matched with the same period one year...
The L'Epee clock is designed in aluminium to resemble a grenade, specifically the MKII. Although it may seem strange for a clock to be inspired by a weapon, its unique design is intended to challenge the significance of time and encourage people to enjoy the present moment. However, the clock's technical details should not be overlooked. The clock's aluminium structure houses the display and movement, with the time flashing on two black aluminium disks. The aluminium disks are powered by an in-house movement made of palladium-plated brass and stainless steel, lasting up to eight days without winding. To set the time, you must pull the pin at the top of the clock and wind its mainspring. Although not as explosive as an actual grenade, pulling the pin reminds users to live in the moment. On...
On May 25, aluminium billet inventory in China closed at 141,300 tonnes, dropping 20,700 tonnes W-o-W. This year, smelters increased their percentage of non-ingot production. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. However, the drop has slowed, and inventory is about the same as it was at the end of April, and it remains the highest level in the previous three years. SMM anticipates a modest decrease in aluminium billet inventories next week and production buts by billet producers this month. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories...
The growing demand for recycled aluminium for making beverage cans and other packaging to achieve sustainability has led to a significant rise in the United States aluminium scrap exports to different parts of the world. According to the last data revealed by US Census Bureau, the United States’ aluminium scrap exports in February 2023 recorded a year-on-year surge of 358 per cent from 34,700 tonnes to 159,000 tonnes, thanks to the countries like Malaysia, India, South Korea, and Thailand that dramatically increased their scrap imports from the US. In February 2023, Malaysia, India, South Korea, Thailand, and China were the top five importers of aluminium scrap from the United States, in the particular order. Malaysia, in the said month, imported 31,000 tonnes of scrap from the US...
Utu has launched its flagship cruelty-free products in 100% recyclable aluminium packaging. This displays the company's commitment to sustainability while creating a closed material loop for Utu products. Sunscreen has been a popular way to protect against the sun since the 1940s, but it wasn't until the late '70s and early '80s that formulas became more refined. Despite the prevalence of sunscreen use in the beauty industry, many camping-centric sunscreens lack nourishing ingredients for the skin. This is where Utu comes in, a new sunscreen brand that seeks to bring advanced skincare to outdoor enthusiasts. Utu's products are plastic-free, reef-safe, aquatic-friendly, cruelty-free, and bio-based. Welch narrated: "Many brands will have a logo that says 'recyclable' on it. The reality is...
Aluminium Stewardship Initiative (ASI) has enlisted Ye Chiu Metal Smelting (Ye Chiu Group) as its new Production and Transformation member. Ye Chiu, a contemporary group company with a presence in Asia and America, is constantly dedicated to achieving its goal of industry globalisation. Apart from producing aluminium ingots, it is also known for aluminium recycling. The foundation of Ye Chiu Metal Recycling (China) Ltd. (Formerly Ye Chiu Metal Taicang Co., Ltd.) in 2001 permitted the quick entry of Ye Chiu goods into the Chinese market. It also helps Ye Chiu maintain his leadership position in the Chinese sector. Since its inception in Malaysia in 1984, Ye Chiu Metal Smelting Berhad has insisted on the company philosophy of Commitment to Excellence, Innovation, and Sustainability with a...
The International Monetary Fund (IMF) has raised concern about the Chinese government potentially gaining access to Ghana's mineral, majorly bauxite and electricity revenues, citing Ghana's failure to meet loan terms. The IMF is a 190-member country organisation that promotes global monetary cooperation, financial stability, international trade facilitation, high employment and sustainable economic growth, and poverty reduction worldwide. Our source from Ghana quoted IMF officials saying that Ghana may need help to repay four loans it bagged from China and had secured with the sale of its energy and mineral resources. Over the last ten years, Ghana has received at least eight loans from China, with diverse natural resources used as security to reduce the risk of default. The...
Cambridgeshire and Peterborough Waste Partnership (RECAP) has launched a new campaign titled 'MetalMatters' to promote metal packaging recycling in the region. Households in the areas are being asked to recycle their aluminium wrapping foil and foil trays, food and drink cans, empty aerosols, and metal screw tops to increase kerbside recycling rates. The 'MetalMatters' plan, initiated by the Aluminium Packaging Recycling Organisation (Alupro), will combine targeted social media messaging, local radio advertising, and an outdoor advertising campaign to convey the broader advantages of metal packaging recycling. Bryony Rothwell, RECAP waste partnership manager, said, "At RECAP, our goal is to drive recycling rates up and reduce waste by identifying environmentally responsible ways to meet...
The City of Newcastle (CN) has awarded a contract to iQRenew to build the area's first Material Recovery Facility (MRF) for recycling. The $56.7 million unit will be constructed at CN's Summerhill Waste Management Facility and will process up to 85,000 tonnes of recyclables annually. The MRF will sort paper, cardboard, glass, plastics, steel, and aluminium from residents' yellow-lid rubbish bins. Newcastle Lord Mayor Nuatali Nelmes asserted the facility would create local jobs, reduce greenhouse gas emissions, and divert waste from landfills. Aluminium is 100% recyclable and is one of the choicest materials for a flawless recycling process, but the extraction of the same from end-user products is quite a difficult task. Other companies are actively participating in sorting and recycling...
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies belonging to the Aditya Birla Group, announced its fourth quarter and full-year results for the financial year 2022-23 ended March 31. The report indicated a 37.4 per cent year-on-year plunge in net profit to INR 24.11 billion for Q4 compared to INR 38.51 billion a year ago. However, on a quarter-on-quarter calculation, the profit recorded a hike of 77 per cent from INR 13.62 billion. The annual net profit of the company also registered a downfall from INR 137.30 billion in FY2022 to INR 100.97 billion in FY2023 despite a 14 per cent increase in consolidated revenue from INR 1,950.6 billion to INR 2,232 billion, emerging as an all-time high. The year-on-year drop in net profit in Q4 and full-year could...
LME aluminium opened at US$2,225 per tonne on Wednesday, with its low and high at US$2,190 per tonne and US$2,236.5 per tonne, respectively, before closing at US$2,206 per tonne, a drop of US$13 per tonne or 0.63 per cent. There is uncertainty in the macroeconomic environment due to the failure of the debt ceiling negotiations to reach an agreement. The US Federal Reserve is still debating whether to increase interest rates or not. Additionally, the consumption recovery has been weaker than predicted. Furthermore, prebaked anodes and coal prices have decreased, causing a decline in cost support for aluminium prices. On May 24, Wednesday, the LME aluminium cash bid price closed at US$2,233 per tonne, with a subtle increase of US$31.50 per tonne or 1.43 per cent, while the LME aluminium...
An Italian company that specializes in manufacturing plastic and aluminium packaging for perfumes, cosmetics, and personal care products has recently displayed their latest innovations that combine luxury and sustainability at the Packaging Premiere (PCD Milan) event from May 16 to 18, 2023. At the event, Inca Packaging presented their collaboration with Collistar for their Puro lipstick. The new packaging features a polypropylene base and cap with a refillable aluminium mechanism. This packaging can save more than 50% in plastic waste since the refill can be replaced indefinitely. Moreover, Inca Packaging showcased their eco-designed luxury travel spray, which is made of 100% recyclable aluminium that covers a glass bottle. This refillable packaging is perfect for people on the go and...
Plug Power Inc. is providing turnkey hydrogen solutions for the global green hydrogen economy. The company has recently secured three five-megawatt (MW) electrolyser projects with Ardagh Glass Limmared AB, Hydro Havrand, and the APEX Group. This marks the first-ever use of industrial-scale green hydrogen in glass manufacturing, aluminium recycling, and steel manufacturing processes. Plug offers 5 MW containerised PEM electrolysers that have a production capacity of more than two tons per day. This reduces site construction costs and implementation complexity. Hydro Havrand, a new unit of aluminium giant Norsk Hydro ASA, is on a mission to decarbonise heavy industry with green hydrogen. To build a closed-loop circular economy for its aluminium recycling plant in Hoyanger, Norway, Hydro...
Hind Aluminium Industries Limited has reportedly announced its fourth quarter FY2022-23 results ended March 31, whereby it stated a sequential growth in net sales from INR 0.25 crore to INR 0.33 crore. But on a year-on-year calculation, the sales fell sharply by 73.17 per cent from INR 1.23 crore. Thus, at the end of the financial year 2023, Hind Aluminium's net sales totalled INR 2.38 crore. The company's net loss was recorded at INR 10.65 crore in the year's final quarter, compared to INR 2.05 crore during the same period last year. EBITDA stood negative at INR 12.91 crore during the March quarter versus INR 0.62 crore a year ago. Hind Aluminium shares closed at 38.31 on Monday, May 22 (BSE), delivering -1.26 per cent returns over the past six months and -0.69 per cent over the last...
Toyota celebrated World Recycling Day on May 17 by emphasizing the importance of recycling for the planet and its decarbonisation strategy. Since 2003, Toyota has been promoting automotive recycling through an accessible collection and separation process, resulting in 99% of their vehicles' materials being reused. Toyota Metal, their recycling company, enables this process. This activity is a significant part of their 2050 Environment Challenge, through which the company aims to promote recycling-based societies and systems worldwide. They plan to set up 30 facilities to treat and recycle scrapped vehicles by 2030. In 2019, Toyota Motor North America expanded its battery recycling program to include lithium batteries, where they repair and take apart batteries to reuse their components...
The 2023 Aluminum Extrusion Design Competition winners have been announced by the Aluminum Extruders Council (AEC). Over 75 high school and college students worldwide participated in the event, hoping to receive a more than $15,000 cash scholarship for their sustainable designs. The judges, Joe Jackman, Brook Massey, and Craig Werner, selected the winners from various impressive designs. Drew Klopfenstein, a sophomore studying industrial design at Purdue University, won the first-place prize of $5,000 for his modular traffic light design made from extruded aluminium components. Brady Hawks, another industrial design student at Purdue University, won second place and a scholarship of $4,000 for his electric motorcycle design called ATLAS, created with extruded aluminium. Sarah Fatouros, a...
According to Hilde Merete Asheim, the company's chief executive officer, the expanded focus is widening the chances for aluminium producers like Norsk Hydro to market more low-carbon products. Hydro is a leading industrial company that builds businesses and partnerships for a more sustainable future. Hilde stated, “What is exciting is that we now see that the green shift is there. Customers are targeting Scope 3 in order to reduce their carbon footprint, which allows us to gain a premium for our strive to get the carbon out of our processes.” Many businesses have concentrated on lowering Scope 1 greenhouse gas emissions in recent years, including emissions from direct processes, and Scope 2 emissions, which include indirect emissions from producing purchased energy. However, Scope 3 is...
TRIMET Aluminium SE, located in Essen, Germany, has been enlisted against the ASI Performance Standard Certification for the development, production, and sale of various aluminium products. These include extrusion billets, rolling ingots, and primary die-casting alloys made from primary and secondary aluminium inputs. The facility has an annual capacity to produce 165,000 metric tons of primary aluminium and recycle 100,000 metric tons of scrap/dross. TRIMET Aluminium SE has three other ASI Performance Standard-certified production sites in Germany and France. The ASI Certification program addresses sustainability issues in the aluminium value chain. It defines 59 criteria under the three sustainability pillars of Environment, Social, and Governance, including biodiversity, labour rights,...
