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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Aluminium, with its fantastic recycling properties, has caught the attention of many heavy industry manufacturers in recent years. The metal is widely used in automobile, aviation and construction industries, but that doesn't narrow its scope of venturing into other essential commodities or zones. The rising popularity has also caused critical mineral-intensive firms like Apple , Lenovo and Huawei to shift toward a greener pasture using aluminium in their commercially favoured products for reducing carbon emissions in the entire value chain, from production to recycling. Instances of aluminium use: Electronic gadgets Laptop Mobile Keypads Smart Watch Smart Ring Earphone LED Light Solar Panel Electronic gadgets accessories Laptop stand CPU cover SSD and SFF cases Phone case Tripod The most...
Naim has unveiled a special edition Nait 50 integrated amplifier to commemorate their 50th anniversary at the High End 2023 show in Munich. With a half-width design, aluminium chassis, and chrome bumper style, the Nait 50 looks similar to the Nait 1. The new amplifier is an updated version of their iconic Nait 1 model, which was first released in 1983, and is part of the company's Classic 300 Series range. Naim's Nait 50 has a compact size of 8.7 x 20.7 x 32.1cm and offers a pure analogue specification and feature list that gives it a distinct retro charm. The British audio engineering firm has chosen aluminium because of its lightweight and tensile properties. Many other electronic brands have incorporated aluminium into their production value chain, and we've seen how effective it has...
BrewDog, a multinational brewery and pub chain based in Scotland, is reintroducing their ‘Fifty Fifty’ canned beverage in 330ml aluminium cans. This was initially launched in 2020. It claims to be the #1 Craft Brewer in Europe, with a production capacity of over 800,000 hectolitres. James Watt and Martin Dickie, who hold 46% of the firm, launched it in 2007. “Summer is coming back, and so is Fifty Fifty. Grab your shorts. Blow up the paddling pool. Brace yourself for wasps. Shandy season is here. A crisp pilsner malt base gives way to a zesty sherbet kick for a sharp and refreshing summer shandy,” said BrewDog. Global aluminium use in packaging applications was predicted to be 14.7 million tonnes in 2022, expected to reach 15.2 million tonnes by 2023, a 3.3 per cent increase. Beverage...
Employees at the Dubai Electricity and Water Authority (Dewa) recycled 221,900 aluminium cans and plastic bottles from October last year through the end of April 2023, which were passed over to a local manufacturing firm and utilised to make around 11,600 T-shirts and other items. The use of recycled aluminium is also expected to increase in the following years since it aids in decarbonising the industrial value chain. "Placing great importance on environmental sustainability across all (our) projects in line with (our) vision to become a globally leading sustainable innovative corporation committed to achieving Net Zero by 2050. Protecting the environment is a top priority for Dewa, which aims, during the Year of Sustainability, to increase awareness among employees and customers on the...
US-based energy company AES Corporation has signed an agreement with Solarcycle, a solar recycling company, to recycle and repurpose modules from AES’ projects at Solarcycle’s Texas facility. Solar panels are composed of large amounts of aluminium and silica. The agreement formalizes the collaboration between the two companies. This partnership began in April when decommissioned panels from an AES plant in Arizona were recycled at Solarcycle’s Odessa, Texas location. AES has also announced a pilot program to assess end-of-life and construction breakage waste across its solar PV portfolio. Unlike other materials, aluminium can be recycled repeatedly, creating a circular economy. Solar panels are also the epitome of an eco-friendly lifestyle. What metal can do more justice to the...
Wheels India Ltd, a major player in the automotive wheel industry, has allocated INR 200 crore towards capital expenditures in FY23-24. This is part of the company's plan to gradually increase wheel production for commercial vehicles, tractors, aluminium wheels, and windmill machining segments. In 2022, the company had a capex of Rs 143 crore. According to Srivats Ram, MD of Wheels India , the company holds a 5% market share in the domestic aftermarket segment. The company is expanding its relationships with global customers and exploring new platforms. Cast aluminium is a strong suit for the company, and the first supply of these wheels will be made this month, with the possibility of adding another customer in Q3 of this year. The company has increased its exports in Q4, and the MD...
Headquartered in Japan, Technics has announced two new versions of noise-cancelling wireless earbuds (EAH-AZ80 and EAHAZ60M2), which feature new 10mm free-edge aluminium diaphragms designed to provide less distortion and a smoother sound. In addition to improved sound quality and battery life, the earbuds are the first wireless earbuds to increase Bluetooth Multipoint from two to three simultaneous connections. This would enable the earphones to remain linked to two cell phones and a laptop, or a laptop, a phone, and a television, without having to detach and reconnect when switching devices. Both versions incorporate wireless charging, first seen on Technics wireless earbuds this year. They have an IPX4 classification and are protected from SOME water immersion. "This new generation has...
The 2023 Cannes Film Festival has finally rolled out the red carpet, and it is a sight to behold. Celebrities continue to showcase outstanding ensembles that stay retained in our memory for free all year long. Cannes, a resort town on the French Riviera, is famous for its international film festival. Talking about Cannes, one such celebrity that has been a veteran and a definite showstopper is Aishwarya Rai Bachchan. This year, she wore a black and silver hooded gown from the Sophie Couture collection. The dress was made up of delicate and beautiful elements like aluminium, crystal, and silver sequins. Sophie Couture characterised the outfit as a "mind-blowing piece from their Cannes Capsule Collection," with lightweight aluminium accents, a characteristic corset, and crystals. Founded by...
On May 16, the National Bureau of Statistics of China's data revealed that China's primary aluminium output in April 2023 declined by 1.2 per cent when analyzed with March 2023 due to an energy restriction policy in southwest China that restrained aluminium production. The National Bureau of Statistics reported that China produced 3.33 million tonnes of primary aluminium in April, down from 3.37 million tonnes in March but up 0.8 per cent from the same phase of the previous year. The National Bureau of Statistics is a deputy-cabinet-level agency under the China State Council. Established in August 1952, the bureau collects, investigates, researches and publishes statistics concerning the nation's economy, population and other aspects of society. Yunnan, China's fourth-largest aluminium...
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Aluminium Stewardship Initiative has reportedly certified Novelis Aluminium (Zhenjiang) Co., Ltd against Chain of Custody (CoC) Standard V2 (2022) Certification. Novelis has received recognition for its rolling facility in the Jingkou Industrial Zone, Jiangsu Province, China. Novelis Jiangsu facility receives ASI certification for the second time. In August 2022, it received ASI Performance Standard V2 Certification. The facility produces high-strength structural plate products for aerospace and commercial plate applications. The ASI CoC Standard V2 sets out requirements for the creation of a Chain of Custody for material that is produced and processed through the value chain into diverse downstream sectors. On receiving the new certification, Sachin Satpute, Executive Vice President and...
LME aluminium opened at US$2,300.50 per tonne on Thursday, with its low and high at US$2,264.5 per tonne and US$2,309 per tonne respectively before closing at US$2,282 per tonne, a drop of US$18 per tonne or 0.78 per cent. The LME aluminium price trends have been on a constant decline in the month of May with the highest recorded price on May 2 at US$2,353 per tonne and the lowest aluminium price marked on May 11 at US$2,229 per tonne. On May 18, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,310 per tonne and US$2,312 per tonne, with the former escalating by US$42 per tonne or 1.85 per cent, while the latter increased by US$43 per tonne or 1.89 per cent. The 3-month bid price halted at US$2,302 per tonne, with a spike of US$29...
The Australian-listed company with world-class bauxite and rare earth assets, Lindian Resources, has signed a supply agreement with a new cash-rich partner. The company has announced a new six-year arrangement with freight shipping firm C&D Logistics to provide 23 million wet metric tonnes of bauxite from its Gaoual plant in Guinea , West Africa. However, the supply agreement states that the two companies will negotiate annually to determine the price, quantity, product quality, payment terms, and delivery specifics over the six-year deal period, which begins in 2025. C&D Logistics' parent business, Xiamen C&D, has a healthy financial standing and is eager to hasten the construction of the Gaoual project. In the previous year, Xiamen recorded net assets of USD$23.77 billion and net...
According to the China customs data on May 18, China's aluminium imports, including unwrought aluminium and products, recorded a rise of 27.1 per cent year-on-year during April 2023, reaching 222,851 tonnes. A year ago, the import volume stood at 175,289 tonnes. On a month-on-month calculation, China's imports grew 11.14 per cent from 200,508 tonnes, found the customs data. In the first four months of 2023, China imported 797,602 tonnes of aluminium, up 12.6 per cent year-on-year. The consumption of aluminium for electric passenger vehicles increased in April, with a 54 per cent year-on-year jump in sales, while domestic output grew marginally by 0.8 per cent from a year earlier; hence, was the need for higher aluminium imports. The negligible rise in China's domestic aluminium production...
RATH has been providing advanced refractory solutions for aluminium melting furnaces for almost 40 years. Recently, they developed a solution for relining a hearth-type melting furnace at Aluminium GmbH Nachrodt (AGN) in Germany. The project was completed in just 21 days, including the removal and relining. A high-quality and long-lasting refractory lining is crucial for efficient melting plant operations. RATH has over 130 years of experience in refractory technology and offers a comprehensive range of refractory and thermal insulation products for the aluminium industry. They successfully completed the technically demanding relining project during the 2022 Christmas holidays, which involved rebuilding the burner technology of the top furnace. RATH used precast concrete components to...
Aluminium alloy ingot (ADC12) prices remained stable W-o-W at INR 199,000 per tonne exw Faridabad due to limited transactions in the market. However, although some vendors quoted higher rates, actual transactions were reported to be in the range of INR 198,000 per tonne-200,000 per tonne after accounting for different discounts and concessions. Following price cuts by key alloy ingot players, purchasers grew cautious and hesitant to book to avoid future losses. Aluminium futures on the London Metal Exchange remained range-bound, trading around US$2,270-US$2,280 per tonne. Stocks in LME-registered warehouses increased dramatically in an unexpected change of events, within a month, stock levels increased by 34,000 tonnes, reaching 562,450 tonnes. The rise in stockpiles has produced a large...
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR 4,500 per tonne, respectively, to INR 223,250 per tonne and INR 221,250-245,250 per tonne. Their aluminium wire rod and billet prices also experienced an increase of INR 3,000 per tonne and INR 4,500 per tonne, with effect from May 10, to stand at INR 235,250 per tonne and INR 229,750-237,250 per tonne. On May 11, Hindalco and Vedanta reduced their aluminium ingot price by INR 4,000 per tonne to INR 219,250 per tonne and INR 217,250-241,250 per tonne, respectively. The next day, they further...
The prices of imported aluminium scrap into India have decreased by $50-60 per tonne this week compared to the previous week. This is due to unimpressive London Metal Exchange futures prices. While prices have declined steadily, market sentiment remains uncertain due to highly volatile LME futures. Confusion prevails as no firm bids have been heard from buyers, making it challenging for participants to estimate the market trend. China's factories and businesses were not optimised as it was supposed to in April, and people did not spend as expected, although their expenditure increased compared to last year. Industrial production only grew by 5.6%, which is much lower than experts predicted. However, this is still an improvement from March's 3.9% growth. The three-month aluminium futures...
Aluminium is a 100% recyclable and sustainable metal in the industry. It is well known to us that recycling aluminium emits 95% less energy than producing it from raw materials. Regarding linkages, aluminium and its applications in the aircraft sector have a long history. The links extend back to the nineteenth century when Count Ferdinand Zeppelin used aluminium to make frames for his 'airships'. Aeroplanes are typically recycled at roughly 25-30 years of age when replacement becomes necessary due to metal fatigue. For decades, journeys by aeroplane have been considered one of the quickest and most technologically advanced options. Millions and thousands of people use aircraft for their travel every day. And just like other transportation, even aircraft undergoes a life-ending process,...
