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 Kunming Headquarters (Building) Economic Leadership Group Office has announced the 2023 Kunming Headquarters Enterprise Recognition Results. Thirteen firms, including Yunnan Aluminium Corporation, were designated as headquarters enterprises, and the corporation was one of them. Since the beginning of this year, the firm has actively talked and collaborated with the local government, completing the application evaluation via processes such as independent application, government suggestion, district-level preliminary review, and review. It has been designated as a "complete (regional) headquarters." The current identification of success pertains to the company's extensive capabilities, including size, yearly production value, annual tax payment, social contribution, and corporate...
A fire broke out on the roof of Jupiter Aluminum on Sunday night, but the situation is now under control. The fire was first noticed when flames were seen coming through a pipe, and Beech Bottom Fire Chief Greg Sheperd was notified immediately. Fortunately, no injuries were reported, and all plant employees were evacuated safely. In response to the incident, Beech Bottom, Wellsburg, Bethany, Franklin, McKinleyville, Hooverson Heights, Colliers, and Avella, PA crews all responded, along with Brooke County Tanker Task Force, EMS, and EMA. Jupiter Aluminum is a company that transforms tonnes of recycled aluminium each day into valuable coil used in various markets such as building and construction, agricultural irrigation, recreational vehicles, license plates, and many more. The company's...
Cumulus Coffee announced the launch of the world's first solution for making premium cold brew at home in a matter of seconds after receiving $20.3 million in investment. The cold brew machine developed by Cumulus utilises recyclable aluminium capsules to efficiently produce a 10-ounce serving of cold brew, a nitro cold brew, and a novel cold-pressed espresso within a time frame of less than 45 seconds. The startup successfully secured a total of $20.3 million in early finance, spearheaded by Valour Siren Ventures (VSV) and Valour Equity Partners (VEP), with the involvement of many investors. The outcome shown here is a product of advanced technology combined with exceptional proficiency in the scientific and artisanal aspects of coffee production. According to the company's assertions,...
The Ministry of Industry and Information Technology recently announced the fifth batch of state-level specialised and innovative "Little Giant" enterprises, including Chinalco Materials Application Research Institute Co., Ltd., Yunnan Yuntong Zinc Industry Co., Ltd., and Shenyang Boyu Technology Co., Ltd., all affiliated with Chinalco Group Co., Ltd. These companies have been certified for their exceptional research and development in science and technology. Chinalco Materials Research Institute, one of Chinalco Group's four professional research institutes, has successfully solved several vital technical problems in engineering and ensured the independent guarantee of critical models in aviation, aerospace, electronics, and other fields. Their research has primarily focused on light...
The partnership between Graphene Manufacturing Group (GMG) and Rio Tinto, announced in May 2023, has set its sights on advancing the development of graphene aluminium-ion batteries, focusing on applications within the mining and minerals industry. "The world needs more batteries, and a lot of technologies need to be in the race because many different applications need different batteries– Unfortunately, batteries are not as versatile as petrol and diesel. and we believe GMG has a technology that could deliver the next generation battery with the versatility the world desperately needs," says Craig Nicol, GMG’s Chief Executive Officer. GMG's cutting-edge batteries, strategically crafted for heavy mobile equipment and grid energy storage in mining operations, have shown significant progress...
The 124th State Level Single Window Clearance Authority (SLSWCA) meeting on November 18 approved eight transformational projects totalling 1397.18 crores, bolstering Odisha's standing as an investment destination. Significant investments in aluminium, plastic, and technical textiles have increased Odisha's industrial capacity. Hindalco Industries Ltd has announced plans to allocate INR 241.05 Crores towards investment in the aluminium industry. This investment would be primarily directed towards building a production plant for White Fused Alumina in Sambalpur. The substantial allocation of funds is anticipated to provide employment prospects for 210 persons. Investment from renowned firms such as Four Sandhu Tubes Private Limited and KAI Steel Private Limited has substantially developed...
Subaru of America, Inc. and the Philadelphia Union have achieved a remarkable feat by transforming Subaru Park in Chester, PA, into a "zero landfill status" stadium. To mark this incredible milestone, they collaborated with TerraCycle, a renowned recycling company based in Trenton, NJ, to create a soccer ball sculpture using recycled items like aluminium cans and bottles found exclusively at Subaru Park. The sculpture was unveiled outside the stadium amidst the cheers of passionate supporters from the Philadelphia Union's Sons of Ben group. The sculpture is an embodiment of the shared commitment to sustainability between the partners. Designed and crafted by TerraCycle's in-house team specializing in upcycling, it features a wide range of recycled materials, including aluminium cans,...
Norsk Hydro ASA, a Norwegian aluminium producer, has received notification that Markbygden Ett AB, the owner of a 653-MW wind farm in Sweden, has begun a company reorganisation process. The district court of Umea granted Markbygden Ett AB's application for reorganisation on Tuesday, according to Norsk Hydro. In 2017, Norsk Hydro signed a power purchase agreement (PPA) with Markbygden Ett for an annual baseload supply of 1.65 TWh between 2021 and 2039. The wind project, which is part of the Markbygden 1101 wind farm cluster in northern Sweden, was expected to produce 2.2 TWh annually. Markbygden Ett AB's owners are China General Nuclear Power Group Europe Energy and BNR Infrastructure, which is owned by GE Capital and Silk Road Fund China. Norsk Hydro stated that the wind farm has been...
Victor Hammed, a native of the Nigerian historic city of Ilesa, Osun State, completed his primary and secondary schooling in his hometown before attending Obafemi Awolowo University, Ile Ife. Graduating with distinction in Materials Science and Engineering, Victor has emerged as a prominent figure in cutting-edge scientific exploration. His expertise lies in the intersection of nanotechnology and green chemistry, where he has forged a path marked by comprehensive academic training and pioneering research endeavours. Like sustainable or circular chemistry, green chemistry is an area of chemistry and chemical engineering focused on designing products and processes that minimize or eliminate the use and generation of hazardous substances. Over the years, Victor has consistently demonstrated...
On Thursday, November 16, China’s aluminium billet inventories dropped by only 1,000 tonnes week-on-week to stand at 97,500 tonnes, according to the Shanghai Metals Market survey. The downfall occurred in Foshan, Wuxi, Changzhou, and Huzhou but was slightly offset by the hike in Nanchang. To know the status of China’s aluminium billet inventories in more details as of November 16, refer to the chart below: In Foshan, aluminium billet inventories on November 16 slipped by 2,400 tonnes week-on-week and 1,000 tonnes from Monday, November 13, to come in at 39,800 tonnes, found SMM. In Wuxi, the inventories stood at 20,400 tonnes on November 16, down by 1,300 tonnes from November 9 and 1,700 tonnes from November 13. Changzhou also saw a fall of 1,300 tonnes week-on-week to peg at 7,300 tonnes...
With a mission to promote passion and environmental sustainability, the South California-based eco-friendly hard seltzer firm Passion Tree has created the first-ever small hard seltzer cans called Passion Tree Minis. The newly launched fun-sized minis come in aluminium cans, bridging the gap between non-alcoholic and low-ABV drinks. The Passion Tree Minis are presented in a distinctive aluminium can with a capacity of 7.5 ounces. "It's cool to see how the minis not only cater to a vast number of health-conscious consumers but also how it invigorates the market with a novel, enjoyable option. Our focus now is expanding distribution, as we think everyone should have a chance to enjoy a chilled Passion Tree mini," said Garrett Olsen, CEO of Passion Tree. The issue of global warming has...
On Saturday, November 18, Israel launched a drone firing two missiles at an aluminium plant outside the southern Lebanese market town of Nabatiyeh, which caused fire and widespread damage, according to National News Agency. The News Agency said that firefighters and ambulances rushed to the aluminium plant but did not mention the casualties of the strike that occurred around dawn. The drone targeted the aluminium plant on the Toul-Kfour road at 4 a.m. Israel, for the first time, targeted an industrial facility during the recent violence, reported Arab News. There was no immediate comment from the Israeli military related to the strike but did not say that the army is currently striking Hezbollah targets. Israel carried out the strike after Hezbollah attacked Israeli posts on Friday,...
November 2022 was a significant time in AI research and development history. As a significant milestone in recent technical developments, OpenAI launched ChatGPT, which almost instantaneously became the talk of the tech world. Since then, there have been many important developments around AI developments – the fear, anxiety, and eclectic moments all together only drove the world towards AI. One year later, the spree came back with a bang. On November 17, 2023, the board of Open AI decided to let the CEO, Sam Altman, go as he had not been open and transparent in his communications with the board. As expected, this triggered several chain events – the chairman of the board and one of the co-founders of OpenAI, Greg Brockman, also declared that he would resign. Mira Murati, the CTO of...
Aughinish Alumina, a bauxite processing firm at Limerick in Ireland owned by the Russian aluminium giant Rusal, reported a loss of 167 million U.S. Dollars in the last year, as per the newly filed accounts. This is a decrease from the 378 million U.S. Dollars loss in 2021. The Irish operation on the Shannon Estuary faced challenges, losing key customers in Europe and expressing concerns about its ability to continue due to the impact of the geopolitical crisis in Ukraine. Despite a rise in revenue to 853.5 million U.S. Dollars from $784.5 million U.S. Dollars, the plant's output declined by 13 per cent. The accounts reveal that Rusal's business suffered from E.U. and U.S. sanctions following the geopolitical issues between Russia and Ukraine, leading to higher production costs,...
The Shanghai Metals Market, on November 20, experienced an overall surge in aluminium prices, with the SMM A00 aluminium ingot price skyrocketing by RMB 140 per tonne to close at RMB 18,950 per tonne. The average aluminium prices have circulated between RMB 18,930 per tonne and RMB 18,970 per tonne. Last week, on November 13, the SMM A00 aluminium ingot price was RMB 18,850 per tonne. Therefore, a Week-on-Week upheaval of RMB 100 per tonne or 0.53 per cent can be noticed. China’s eight major provinces have witnessed augmenting aluminium prices today, with the highest hike marked in Gongyi and Linyi, where the aluminium prices have increased by RMB 160 per tonne to halt at RMB 18,900 per tonne and RMB 19,020 per tonne. Wuxi has seen a RMB 140 per tonne rise, with the aluminium price...
LME aluminium opened at US$2212.5 per tonne in the previous trading day, with its low and high at US$2196 per tonne and US$2218 per tonne, respectively, before closing at US$2216 per tonne, up US$4.5 per tonne or 0.2 per cent. On Friday, November 17, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$17.5 per tonne or 0.80 per cent to close at US$2,164.50 per tonne and US$2,165 per tonne. London Metal Exchange graph displayed that the 3-month bid price and 3-month offer price dropped by US$16 per tonne or 0.72 per cent and US$16.5 per tonne or 0.74 per cent to halt at US$2,203 per tonne and US$2,203.50 per tonne. December 24 bid price and December 24 offer price dipped by US$15 per tonne or 0.64 per cent to clock at US$2,318 per tonne and US$2,323 per...
Aluminium is one of the most sustainable materials on the planet and is also highly recyclable. Aluminium recycling benefits present and future generations by conserving energy and other natural resources. European Aluminium released its newest research titled "Net-Zero by 2050: Science-based Decarbonisation Pathways for the European Aluminium Industry" at a high-level event attended by Kerstin Jorna, Director-General of the European Commission's DG Grow. Vedanta Aluminium, India's largest aluminium manufacturer, takes a big step towards environmental responsibility by shipping the nation's first batch of Restore, the country's revolutionary low-carbon 'green' aluminium, to Telangana-based Global Aluminium Pvt Ltd. Dubai is poised to get a 64-story structure wrapped in 100 per cent...
According to customs data released on November 18, 2023, China experienced a fifth consecutive monthly increase in aluminium imports during October. The uptick is attributed to an improved buying appetite driven by solid demand and expectations of reduced supply in the domestic market. As the world's largest consumer and producer of aluminium, China imported 351,065 metric tons of unwrought aluminium and related products in October. This marked a 5.8 per cent increase from September's 331,716 tonnes and a significant 78.7 per cent surge from the same period last year. Despite a sluggish economic recovery and constrained consumption in traditional sectors, the new energy sector exhibited a strong demand for aluminium. Fears of reduced domestic supply due to capacity cuts in the...
