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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Altech Batteries is dramatically growing its silumina anodes battery project, boosting production from 15 gigawatt hours (GWh) to an astonishing 120 GWh. This capacity increase, achieved during the final phases of the definitive feasibility study (DFS), is intended to address the increasing demand for silicon-type anodes in the electric vehicle (EV) industry. Satish Pai, Managing Director of Hindalco Industries, said the business intends to invest between INR 4,000 and INR 5,000 crore yearly. To the greatest extent feasible, the aluminium manufacturer is attempting to finish the projects using funds produced by the company's activities. Hindalco is planning a significant capital expenditure effort in addition to the previously announced INR 8,000 crore investments in a new alumina...
The recycled segment of the aluminium industry has been witnessing extraordinary feats in the past few months with the advent of Net Zero and low carbon impact protocols. On November 16, Hydro launched the Cassopolis facility in the United States, 18 months after construction. This facility is a notable milestone for the company, being their third greenfield recycling plant established in the United States. What sets it apart is that it is the first facility specifically engineered for the production of Hydro CIRCAL, a remarkable achievement. With this US$150 million Michigan factory, Hydro will be able to generate 120,000 metric tonnes of recycled aluminium annually. Japan's Toyota Tsusho Corporation's subsidiary, Toyotsu Materials, and non-ferrous scrap company Sanko Saitama have...
The downstream sector is blooming sequentially with an optimistic outlook for the future. Sepalumic, a leading aluminium systems designer and distributor for the building industry, invested 30 million euros to inaugurate a new extrusion plant and modernize its Genlis facility. The company aims to solidify the Genlis site as its industrial hub and address current transition challenges in the building industry. The inauguration of the new extrusion plant and modernization of the finishing facility took place on November 16. Shandong Weiqiao Entrepreneurship Group introduced six new aluminium alloy materials at the 8th International (Sanya) Aluminium Industry Chain Green Development Summit Forum in Sanya, Hainan. These materials have autonomous intellectual property rights and hold a high...
Recently, Hydro UK commissioned the renowned and talented artist Andy 'Dice' Davies, who is also the director and founder of the Cheltenham Paint Festival, to paint the factory wall. The project took two weeks to complete, and the results are exceptional. Hydro Aluminium UK excels in aluminium extrusion and has its Cheltenham manufacturing plant located on Tewkesbury Road. The Cheltenham site offers top-quality extruded aluminium profiles and surface treatment for bespoke aluminium finishes. With a workforce of 590 staff across the UK, including 140 dedicated employees in Cheltenham, Hydro UK is committed to delivering nothing but the best. The mural depicting Poseidon and horses is symbolic of the Greek connotations for water, as he is the Sea God. Hydro's operations are mainly dependent...
As per the latest data by the United States Geological Survey (USGS), it can be calculated that the US imports of crude metals and alloys from Canada slumped by 6000 tonnes or 2.64 per cent Year-on-Year from 227,000 tonnes recorded in August 2022 to 221,000 tonnes in August 2023. Similarly, there has been a Year-on-Year drop in US imports of crude metals and alloys from Mexico, resulting in 1,370 tonnes in August 2023, down 260 tonnes or 15.95 per cent from 1,630 tonnes in August 2022. On a Month-on-Month scale, the US imports of crude aluminium from Canada have suffered a loss of 36,000 tonnes or 14 per cent since July 2023's registered amount was 257,000 tonnes. In contrast, the US imports of crude metals and alloys from Mexico maintained a Month-on-Month stagnancy. If we compare the...
The beverage can industry is now making continuous efforts to use materials free from any substances of concern. These efforts have received a significant boost with the introduction of advanced coatings technology by AkzoNobel. A new manufacturing facility is also being created in Spain to further support this transition. The first two items in the company's new AccelstyleTM line of packaging coatings have recently been released. Both are safe since they were made to go outside standard two-piece aluminium beverage cans and contain no bisphenols, styrene, or PFAS. AccelshieldTM 700, the first BPx-NI* (free of deliberately added bisphenols) internal coating for beverage can end, was released in May 2023 and satisfies the requirements of the FDA and the European Union. "The Vilafranca...
SolarAfrica, a renewable energy company, is set to commence the construction of its solar farm project in the Northern Cape following the allocation of an Eskom grid budget quote (BQ). This BQ is a key component of Eskom's strategy to integrate additional renewable energy megawatts from independent power producers into the grid, aiming to meet demand and enhance the national energy supply security. SolarAfrica emphasises its commitment to meeting Eskom's stringent criteria after obtaining a BQ under the Energy Action Plan. A pivotal requirement is establishing a customer base committed to consuming wheeled energy through virtual power purchase agreements (VPPAs). SolarAfrica proudly announces that prominent companies such as Vantage Data Centres, Attacq, and NCP Chlorchem have already...
On November 10th, Huilong Aluminum Group announced that to implement the company's development strategy further, optimise the company's organisational management system, and improve operational efficiency, the company plans to acquire 27 per cent of the equity of its holding subsidiary Anhui Huilong Group Donghua Agricultural Materials for RMB 53.79. Anhui Huilong Group Huialumum New Material Technology Co., Ltd. plans to sell 17 per cent of its equity. Additionally, Anhui Huilong Group Huialuminum New Material Technology Co., Ltd. has expressed its plans to sell its entire equity stake of 100 per cent in Maanshan Dasong New Material Technology Co., Ltd. for a sum of 49.3 million yuan. Anhui Huilong Group Huialuminum New Material Technology Co., Ltd. (hereafter referred to as "huialuminum...
Emirates has utilised upcycled aluminium material sourced from retrofitted aircraft to create a distinctive capsule collection comprising luggage, bags, and accessories. The repurposed materials have been extracted from unexpected sources, such as aluminium headrests, resulting in an impressive 14,000kg of materials being salvaged from 16 retrofitted aircraft. As the Emirates Retrofit Project progresses, the potential to recover up to 270kg of leather and 627kg of seat fabric per retrofitted aircraft is expected. The use of upcycled aluminium not only captures the airline's spirit of innovation but also reflects its ongoing commitment to sustainable practices. The Emirates tailors have crafted each piece to order with the highest quality materials, further enhancing the durability and...
Eurostat reported that in 2022, the circular material use rate in the EU reached 11.5 per cent, indicating that 11.5 per cent of the material resources utilized in the European Union were derived from recycled waste materials. The statistical office of the European Union is Eurostat, with a mission to provide high-quality statistics and data on Europe. Eurostat produces European statistics in partnership with National Statistical Institutes and other national authorities in the EU Member States. There was an increase of 0.1 percentage point in circularity compared to 2021. From 2010 to 2022, the rate witnessed a growth of 0.8 percentage points, rising from 10.7 per cent to 11.5 per cent. The peak shares were recorded in 2018 and 2020 at 11.6 per cent. In 2022, the Netherlands exhibited...
The National Fisheries Authority (NFA) has issued a fish habitat conservation order to West Indies Alumina Co (Windalco), a corporation involved in producing bauxite and alumina. This order pertains to the Rio Cobre watershed located in St Catherine. The order went into force on October 1 and will continue until the authority is satisfied that Windalco's activities pose no additional dangers to fish habitat. The directive mandates that the company undertake all requisite measures to proactively avert any subsequent discharge of harmful substances into the watershed. Additionally, it necessitates the prompt notification of the relevant authority within a 24-hour in the event of any such discharge. Furthermore, the company must expeditiously rectify any pollution incidents and restore the...
The world's second-largest aluminium scrap exporter, the United States, exported 26,400 tonnes of scrap to Malaysia in August 2023, down by 2,000 tonnes or 7.04 per cent month-on-month from 28,400 tonnes. On a year-on-year basis, the export in August 2023 edged a sharp fall of 43.34 per cent from 46,600 tonnes, according to the US Geological Survey. The United States aluminium scrap exports in August 2023 decreased month-on-month, following a hike of 20.85 per cent in the previous month from 23,500 tonnes to 28,400 tonnes. In the first eight months of 2023, the United States aluminium scrap exports to Malaysia totalled 244,000 tonnes, down by 5,000 tonnes or 2 per cent from 249,000 tonnes during the corresponding period of the last year. Malaysia is one of the leading aluminium...
The award-winning Australian designer Tom Fereday has created a stunning furniture collection made entirely from recycled aluminium. The furniture collection comprises a chair, sofa, and table, all of which celebrate the industrial aesthetic of the material. The Cove Lounge chair, which has been shortlisted in the furniture design category for Dezeen Awards 2023, has side panels made from uninterrupted and highly polished metal, culminating in a protruding lip on its top edge. The seat is designed with thick cushions upholstered in aniline leather, and cushions can also be upholstered with textural wool fabrics upon request. To make the collection, Fereday sourced repurposed aluminium from the waste streams of Sydney's machining industry, which was then melted down and formed using a...
In a recent move, the European Commission proposed its 12th package of sanctions against Russia, receiving a cautious welcome from the European Aluminium. The proposed sanctions target specific aluminium products, such as wires, tubes, pipes, and aluminium foil. While European Aluminium appreciates this initial step, it calls for a more robust and expeditious approach to restrict Russian aluminium imports. The sanctions, covering only 12 per cent of EU imports of aluminium products from Russia, are considered insufficient by European Aluminium. The association emphasises the need for a more comprehensive scope, including major categories like ingots, slabs, and billets, which constitute over 85 per cent of the EU’s imports from Russia. Paul Voss, Director General of European Aluminium,...
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters (ex-China), has scooped two major awards -- Leading Corporate for Investor Relations (IR) in Bahrain as well as Best Investor Relations Professional – Bahrain, at the 2023 Middle East Investor Relations Association (MEIRA) Annual Conference and Awards, which was held on 13 November 2023 at the Four Seasons Hotel – Bahrain Bay. The MEIRA 2023: From ESG to Sustainable Capital Markets was hosted by Bahrain Bourse in collaboration with the Central Bank of Bahrain and featured a diverse lineup of discussions and panels that explored the GCC market's structure, growth potential, regulatory environment, and emerging trends, ESG landscape, and IR developments. Commenting on this win, Alba's Chief Executive Officer Ali...
On November 16, Hydro launched the Cassopolis facility in the United States, 18 months after construction. This marks the establishment of the company's third greenfield recycling plant inside the United States, with the notable distinction of being the first facility specifically engineered for the production of Hydro CIRCAL. The US$150 million Michigan factory will generate 120,000 metric tonnes of recycled aluminium annually. Hydro is now manufacturing aluminium in North America with the lowest carbon impact. The recycling facility will repurpose more post-consumer aluminium waste into value-added products in the automotive, transportation, building and construction, and consumer durables industries. The factory will initially provide to non-automotive clients, but after qualification...
Yinbang (Anhui) New Energy Material Technology Co., Ltd. is in the trial production phase of its new project. The project is a significant investment made by Yinbang Metal Composite Materials Co., Ltd., with a total investment of no less than RMB 5 billion. The construction content includes an aluminium alloy plate ingot semi-continuous casting production line, hot continuous rolling production line, cold rolling and cold finishing production line, finishing production line, heating furnace, annealing furnace, tension bending straightening line, and other supporting public and auxiliary facilities. Upon reaching full potential, the company expects to generate annual sales revenue of around RMB 10 billion, with the main operating profit not less than RMB 1 billion. The project aims to...
Hind Aluminium Industries Limited announced its second quarter financial results ended September 30, 2023, whereby it posted a plunge of 65.96 per cent in net sales year-on-year from INR 1.41 crore to INR 0.48 crore. However, on a quarter-on-quarter calculation, the net sales in Q2 registered an increase of 26.32 per cent from INR 0.38 crore. Hind Aluminium also reported that its net profit in Q2 FY2023-24 was INR 3.83 crore, down by 10.30 per cent year-on-year from INR 4.27 crore. The net profit also edged a quarter-on-quarter fall of 32.09 per cent from INR 5.64 crore, despite a quarterly growth in net sales. The fall in profit owes to weaker aluminium prices. The company’s earnings per share (EPS) decreased to INR 6.25 in the September quarter of 2023 from INR 6.67 last year. Hind...
