Glencore has defended its progress on the Aurukun bauxite project in Queensland, saying it has met all commitments under its licence conditions, as calls for greater scrutiny mount over its proposed sale to Rio Tinto. Queensland MP Robbie Katter, a member of the Parliamentary Primary Industries and Resources Committee, is seeking an inquiry into the deal. The reported sale value has been put at USD 250 million, though this figure has not been confirmed. Katter questioned why a multinational company should hold a public resource without developing it and then sell its interests. He said, “That resource is owned by the people of Queensland, it’s not the government’s to play around with, or for any of these global mining companies to just trade.” Explore the production, demand and...
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...
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#InTheLoopGM, a new campaign highlighting the importance of a ‘circular economy’ has been launched in Great Manchester by Recycle for Greater Manchester (R4GM) group, urging citizens to recycle products like aluminium cans, jars, etc., at home and reuse and repair whenever feasible. In terms of recycling, the people in Manchester are doing the right thing, but through this campaign, they want to ensure that more items are recycled to promote a greater circular economy. Recycling conserves resources and energy; for example, recycling aluminium can consume 95 per cent less energy than manufacturing it from scratch. Aluminium cans , glass bottles and jars, and plastic bottles are all part of a large loop, which means they can be recycled repeatedly. Aluminium cans, glass bottles, and jars...
Kaiser Aluminum Corporation, a leading producer of semi-fabricated speciality aluminium products, announced that United Steelworkers (USW) Local 104 accepted a new four-year labour agreement to work at Kaiser’s Warrick rolling mill in Indiana, formerly owned by Alcoa. Kaiser’s Warrick rolling mill is a melt shop for used beverage cans. Kaiser said the agreement with United Steelworkers took effect from May 15, 2023, and would be in place till May 15, 2027. “We are very pleased to have reached a mutually beneficial agreement to position our company and USW employees at Warrick for sustainable success. Consistent with our expectations when we acquired Warrick on March 31, 2021, we believe the contributions from our Warrick employees will be instrumental in the achievement of our longer-term...
Razer has announced the release of the Nommo V2 line of PC gaming speakers, which includes the flagship Nommo V2 Pro, the Nommo V2, featuring improved extreme performance, THX Spatial Audio sound technology and Razer Chroma RGB lighting technology. The Nommo V2 Pro is outfitted with a 3-inch full-range driver unit with an aluminium phase cone design and a wireless downward sound transmission subwoofer. It can project light on the room wall via the rear-illuminated Razer Chroma RGB lighting effect to enhance the fighting atmosphere of the player's e-sports room. However, this is not the first time aluminium has been used to make speakers. Companies like Bang & Olufsen recently launched the 97" Beovision Harmony with new aluminium and wood speaker covers. Furthermore, the Nommo V2 Pro has...
Thok has recently developed a new aluminium prototype for their full suspension using a metal 3D printer, marking a first for the industry. Thok has partnered with an aerospace company to achieve this extraordinary feat. The company prioritises performance and tests the geometry and components of its projects on trails. Metal 3D printing is an ideal method for producing fully functional prototypes and components for final use that may be impossible to create with traditional methods, as it saves time and reduces costs. This technology combines the design flexibility of 3D printing with the mechanical properties of high-performing aluminium alloys to produce unique, lightweight, and durable components for the most complex applications. Aluminium is the most preferable non-ferrous metal for...
The Malaysia-based PMB Technology Bhd will invest significantly in its Phase 3 plant project in Samalaju Industrial Park, Bintulu, increasing the output capacity of metallic silicon by 50 per cent annually. It has been reported that the company is investing RM350 million in the Phase 3 unit of the smelter, which would have a capacity of 36,000 tonnes per year. According to PMB Technology, the project is expected to be accomplished by Q3 2023. The 2022 annual report of the company pronounces, "With both Phase 1 and Phase 2 up and running now, the group's combined annual installed capacity is 108,000 tonnes, supplied by a total power of 129 megawatts (MW)." The subsidiary PMB Silicon Sdn Bhd carries out metallic silicon manufacturing. On October 31, 2022, the group began constructing the...
According to the Shanghai Metals Market data, the average operating rate of China’s aluminium plate/sheet, strip and foil producers fell in April by 1.68 percentage points month-on-month to stand at 67.69 per cent. Large, medium, and small enterprises' operating rates were 72.88 per cent, 39.53 per cent, and 36.53 per cent, respectively. SMM showed the operating rate of aluminium plate/sheet and strip companies were 65.83 per cent, down 1.90 percentage points M-o-M and 10.87 percentage points Y-o-Y, while the operating rate of foil producers was 74.61 per cent. Although April was a peak season, many aluminium plate/sheet and strip-producing companies reported lower orders compared to March. Most of the companies’ new and backlog orders decreased significantly, resulting in diminished...
Found Energy has developed a ground-breaking technology that utilizes water to oxidize aluminium, converting stored energy into hydrogen and heat. This innovative process is capable of functioning with low-grade and contaminated aluminium waste. According to Gadi Ruschin, Co-Founder, they can easily transport aluminium and oxidize it at high power density in an aqueous environment that requires hydrogen. This is a safer, more straightforward, and more efficient method than transporting hydrogen, as aluminium has a ten-fold higher energy density than liquid hydrogen. The company further explains that each tonne of aluminium has approximately 8.6MWh of stored energy, one of the most volumetrically energy-dense materials, with a rating of 23MWh/m³. Rushin elaborated: "A single aluminium soda...
LME aluminium opened at US$2,288 per tonne last Friday, with its low and high at US$2,284 per tonne and US$2,288 per tonne, respectively, before closing at US$2,286.5 per tonne, an increase of US$2.5 per tonne or 0.11 per cent. On Friday, May 19, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$12 per tonne or 0.51 per cent to stand at US$2,298 per tonne and US$2,300 per tonne. 3-month bid price and 3-month offer price fell by US$7 per tonne or 0.30 per cent to score at US$2,295 per tonne and US$2,297 per tonne. December 24 bid price and December 24 offer price dropped by US$15 per tonne or 0.60 per cent to halt at US$2,448 per tonne and US$2,453 per tonne. LME aluminium opening stock came in at 555200 tonnes. Live warrants and Cancelled warrants...
Manaksia Aluminium Company Limited, aluminium profiled rolling sheet producer, has announced its standalone financial results for the fourth quarter and full year of 2023, reporting a 4.73 per cent quarter-on-quarter growth in total income to INR 110.7086 crore. In the third quarter, the company yielded total revenue of INR 105.7123 crore. However, on a year-on-year calculation, the Q4 revenue recorded a decline of 8.83 per cent from INR 121.4274 crore. The company’s net profit at the end of the fourth quarter stood at INR 3.4623 crore, registering a jump of 174.24 per cent from INR 1.2625 crore at the end of the third quarter (December 31). Compared to a year ago, Manaksia Aluminium’s net profit reflected a surge of 93.21 per cent from INR 1.7920 crore. Manaksia has also posted that its...
Ras Al Khaimah Economic Zone (RAKEZ) is the new home to Sparklo's reverse vending machine. Sparklo, a cleantech firm aiming to overhaul the recycling business, is a manufacturer and operator of reverse vending machines (RVMs), enabling customers to recycle aluminium cans and plastic bottles in exchange for simple incentives such as discount coupons for food or delivery services. "We are not here to highlight the harmful consequences of waste pollution as people are already aware of it. We want to transform recycling into an easy and joyful practice through edutainment. We are trying to push recycling as part of community lifestyle and eliminate the root cause of the 'plastic problem'," said Maxim Kaplevich, the founder of Sparklo. Sparklo's Ras Al Khaimah manufacturing plant in Al Hamra...
Rusal, a prominent Russian aluminium company and a top green aluminium producer has approved its 2035 Sustainable Development Strategy. The strategy is to create sustainable non-ferrous metals for the circular economy and low-carbon transition. These assets will be carbon-neutral by 2050 and balance primary and secondary materials. With advanced technology, Rusal’s value chain will be adaptive, equitable, secure, and inclusive. Meanwhile, Hydro and Saint-Gobain Glass have developed innovative technology to cut the carbon footprint of building facades in half through low-carbon solutions. DECO Australia is also making strides in reducing carbon emissions by partnering with Capral Aluminium to use LocAl® Green lower-carbon aluminium starting in June 2023. Last week, the Aluminium...
Uniprom has closed the last 12 electrolysis cells at KAP in Montenegro, ending 52 years of aluminium production. The plant will continue producing logs and alloys by importing metal. It has been reported that Shandong Nanshan of China plans to transform its Indonesian alumina refinery site into a $6 billion aluminium smelting complex by 2028, which would be a significant foreign investment in the country. The LME aluminium price chart has seen restrained growth through most of May, with the aluminium spot price rising around US$2,300 per tonne at the most. However, this week there has been a sudden surge of US$51.50 per tonne or 2.28 per cent from Monday (US$2,260.50 per tonne) to Thursday (US$2,312 per tonne) in the LME aluminium price index. On the other hand, SHFE has maintained a...
Order intake for Italian machine tool manufacturers fell significantly in Q1 2023 when compared to the same phase in 2022, both in domestic and foreign markets. Regardless, the Italian producers of machine tools used more than 86 per cent of their available manufacturing capacity, and their order backlog covered 8.6 months of production. Machine tool orders submitted by UCIMU-SISTEMI PER PRODURRE's Economic Studies Department & Business Culture Centre fell by 23.7 per cent in Q1 2023 compared to the same period in 2022. The index was 125.1 at the time. Reduced order intake in domestic and international markets was the cause of the decline. With a score of 125.9 on the index, orders from global markets decreased by 22.9 per cent. On the other hand, the domestic order intake, measured in...
A recent report states Britain will ban aluminium imports from Russia, among other commodities like diamond, copper and nickel. The news came on Friday, May 19, after Britain announced its plans targeting companies allegedly stealing Ukrainian grain. British Prime Minister Rishi Sunak said, “We will legislate later this year to ban imports of Russian diamonds, and end all imports of Russian-origin copper, aluminium and nickel.” But the ban is expected to have a mild impact as Russian exports of aluminium and other materials to the United Kingdom have already dropped since the tariffs came into effect. Alongside, the United States, Britain and other groups of seven major economies will disclose their sanctions and import control plans from Russia at the 49th G7 summit in Japan, from May...
Aluminium is not only making its presence felt in the automobiles or electronics sector but also in the art or design department. To begin with, Sophie Couture, a renowned Dubai-based fashion powerhouse, recently showcased a black and silver hooded gown of delicate and beautiful elements like aluminium, crystal, and silver sequins. This gown was worn by the former Miss World at the 2023 Cannes Film Festival. Also, Lehni, a Dübendorf based manufacturer of anodized and powder-coated aluminium furniture, recently exhibited its classic Aluminium Shelf at Milan Design Week. The shelf has been a hallmark of the company's expertise since the 1960s. Not only this, Colorbar, a renowned and affordable cosmetic brand in India, recently launched its new 3-in-1 lipstick called 'Take Me As I Am' in 100...
Mechatherm International Limited, one of the major suppliers of aluminium casthouse equipment in the UK, celebrated its 50 years of business, a milestone occasion for the company. Mechatherm will host a gala dinner and the largest display stand in the United States at Aluminium USA in October to mark this milestone anniversary. Dong-IL Aluminium Co announced its plans to open three new rolling mills in its Cheongju factory by 2025, seeking to become Korea's biggest foil manufacturer. This will enable the company to supply more aluminium foil to the local EV battery makers. Mills CNC will demonstrate one of their most popular simultaneous 5-axis machining tools on June 14-15 at the Limerick Manufacturing Solutions - Ireland 2023 Exhibition. The DVF 5000 can precisely fabricate aluminium...
According to a recent report, new owners of Jamalaco refinery in Clarendon have initiated incorporating the alumina company before seeking financial funding from capital markets. According to Austin Mooney, Managing Director of Jamalco, incorporation would allow the joint venture firm to acquire financing from overseas. Mooney did not say the incorporation would definitively raise loans or debt, only that it would increase access to capital outside Jamaica. On Wednesday, May 17, Austin Mooney commented the legal formation of JV "is progressing very fast as it is a priority for both partners." He said after a reception in Clarendon thrown by Jamalco’s new owner – Century Aluminum Company, which acquired a 55 per cent share in the refinery. "We are a non-incorporated joint venture, so we...
Green bond issuance is likely to climb further in 2023 as major governments and transnational institutions increase sales, while other types of sustainable debt are expected to develop much more slowly. The Climate Bonds Initiative estimates that green bond issuance totalled $487.1 billion last year, down from $522.7 billion in 2021. According to Moody's Investors Service, the broader sustainable bond market, which includes green, social, sustainability, and sustainability-linked bonds (GSSS), witnessed a fall year on year in 2022 for the first time since 2011. Apple Inc. invested $4.7 billion in the form of green bonds , which have supported revitalizing the development of new low-carbon manufacturing and recycling technologies. Since 2016, Apple has issued three green bonds, with...
