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 scrap exports from the United States closed at 174,374 tonnes in March 2023, up 11 per cent from 157,101 tonnes in February. However, exports declined by 2 per cent Y-o-Y in March, compared to 178,575 t in the same month last year. The principal scrap grades shipped by the US were Zorba and Taint Tabor (TT), and India was the second biggest importer of aluminium scrap from the US. Compared to other US locations, Los Angeles had the most scrap migration, followed by New York and Norfolk. The United States shipped 38,126 tonnes of aluminium scrap to Malaysia in March, an increase of 23 per cent Y-o-Y from 31,007 tonnes in February. Similarly, US exports increased by 28 per cent Y-o-Y in March, from 29,687 tonnes the previous month. Malaysia imports the majority of its aluminium...
Linamar has started optimising a new giga casting plant in Welland, Ontario, scheduled to begin activities in February 2025. The plant, when prepared, will supply structural aluminium castings for application in lightweight automobiles. The company has already begun site preparation for the plant. This investment will hail Linamar as the first Tier 1 supplier outside Asia that uses high-pressure die-cast giga press machines. Linamar is optimistic about the growing demand for sustainable vehicles in the market as it has planned to make "very large structural parts for electric vehicles," the company claimed. Despite Linamar's silence on its customers or supply deals, the plant's strategic location near manufacturing bases in Michigan and Ontario offers numerous potential clients. If this...
DECO Australia has achieved a new milestone concerning its commitment towards lowering carbon emissions. The leading producer of aluminium building products and finishes has joined forces with Capral Aluminium to use LocAl® Green lower-carbon aluminium. DECO will start receiving the LocAl® aluminium from June 2023. "Capral Aluminium is Australia's largest aluminium extruder, and we are pleased to announce today that DECO Australia and Capral have reached agreement for Capral to supply DECO with lower carbon aluminium to assist in producing more environmentally friendly building products." said Ross Doonan, founder and director of DECO Australia. DECO is the first to commit to upgrading all of its Capral aluminium extrusions to LocAl® Green. The announcement was made in the presence of...
Lehni recently showcased its timeless Aluminium Shelf at Milan Design Week, a staple of the company's expertise since the 1960s. Despite starting as a plumbing workshop in 1922, Lehni has always been closely connected to architecture and art. Partnerships with eminent personals like Max Bill in the 1930s and esteemed artists such as Sol LeWitt and Donald Judd strongly complemented Lehni's appearance in the artistic regime. In 1956, Rudolf Lehni Jr. expanded the company's scope, digressing into industrial design, which led to the development of the company's first Aluminium Shelf, designed by Swiss designer Andreas Christen in 1964. Today, Lehni continues to create minimalist, enduring, and sustainable designs using the advantageous characteristics of aluminium, such as reusability,...
The Monetary Authority of Singapore (MAS) unveiled a commemorative S$10 coin marking Singapore's founding Prime Minister Lee Kuan Yew's 100th birthday on Monday, May 15. The gold-coloured LKY100 coins, minted in aluminium bronze, will be offered at face value by application. The coins will have a diameter of 30mm, making them about 22 per cent bigger than the present Third Series S$1 coin in circulation. The face of the coin contains Mr Lee's name, his birth and death years, the phrase "100th Birth Anniversary," and a dual latent image that shows the year 1923 when seen from one angle and the year 2023 when viewed from another. The coin will be made available from September 2023. "The coin pays tribute to his strategic vision, boldness and indomitable spirit that transformed Singapore...
Last week, the Aluminium Stewardship Initiative (ASI) declared that Oman Aluminium Rolling Company (OARC) has successfully been registered as a new Production and Transformation member. OARC is a green field aluminium rolling mill located in Oman, established in 2011. The plant is situated in the Sohar Industrial Estate and has a nameplate capacity of 140 thousand metric tons of rolled aluminium annually. It can increase production capacity to 200 thousand metric tons per year in the future. The plant has a headcount of more than 300 workers and serves customers in the building and construction, transportation, packaging, consumer durables, energy, and HVAC sectors across three continents. Peter Rijkoort, the CEO of OARC, mentioned in a press release that joining hands with ASI displays...
Bang & Olufsen, manufacturer of the complete premium line of audio and video products, is pleased to announce the launch of the new 97" version of the acclaimed Beovision Harmony, bringing the cinematic experience to new heights. The new Beovision Harmony 97-inch TV will be available in various colours like Natural Aluminium , Black Anthracite, and Gold Tone and will feature LG's biggest OLED display. Besides the biggest OLED display, the latest edition will also come with new aluminium and wood speaker covers that match the wide screen. The cover unfolds to reveal the screen, adding a touch of magic to the home cinema experience, all while championing Scandinavian design principles, craftsmanship, and unrivalled audio quality. As a result, it goes without saying that it provides a superb...
The platform that offers to transform, decarbonize, and future-proof economies UAE Climate Tech brings together over 1,500 leaders from technology giants, major industries, finance, government, civil society, and the energy sector in Abu Dhabi. Technology has the ability to transform one of the biggest problems the world is currently facing into one of the most significant opportunities for long-term socioeconomic growth. The world needs a massive course correction to continue making economic progress while drastically lowering emissions and achieving the goals of the Paris Agreement. The necessity of putting what everyone agrees on outside of the COP negotiation rooms into action. Technology is the most important source of innovative solutions the world needs. Although the potential is...
LME aluminium opened at US$2,214 per tonne last Friday, with its low and high at US$2,203.5 per tonne and US$2,245 per tonne, respectively, before closing at US$2,244 per tonne, an increase of US$31 per tonne or 1.4 per cent. On May 12, Friday, the LME aluminium cash bid price stopped at US$2,230 per tonne, with a slight increase of US$2 per tonne or 0.09 per cent, and the LME aluminium official settlement price closed at US$2,230.50 per tonne, with US$1.50 per tonne or 0.07 per cent spike. The 3-month bid price remained stagnant at US$2236.50 per tonne, and the 3-month offer price went up the graph by US$0.50 per tonne or 0.02 per cent, resting at US$2,237.50 per tonne. December 24 bid price and December 24 offer price both have shown no alteration at all, staying strong with the prices...
The recycling industry is currently experiencing a high demand due to the increasing importance of sustainability and environmental awareness. Audi, through its MaterialLoop Project, is investigating the process of downcycling, which occurs when recycled materials such as metals or plastics are degraded in quality. Ardagh Metal Packaging (AMP) and Crown Holdings have partnered to support a new grant initiative led by the Can Manufacturers Institute (CMI) in Washington to enhance the installation of aluminium can-capturing modules in material recovery facilities (MRFs). The acquisition of Alumetal is a complex process that involves achieving several key milestones, including obtaining clearance from the European Commission. The European Commission (EC) has reportedly approved unconditional...
ARCC, a technological and manufacturing company in its seventh year, is constantly pushing forward it's future thinking to envision how a zero-emission bus should be created. Aluminium Revolutionary Chassis Company (ARCC), like other businesses in the sector, occasionally manufactured zero-emission buses and coaches. Kaytea, a cold-brew tea company, is preparing to release a new taste in aluminium cans. The corporation is switching from glass packaging to aluminium cans to keep up with worldwide environmental trends. After completing the final assembly facility in Vadodara, the Chairman of Tata Sons, the Tata Group, N Chandrasekaran, proudly claimed that the business could now build indigenous Airbus C-295 aircraft for the Indian Air Force (IAF) by melting aluminium ingots. The Big Bang...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further tumbled by 48,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to halt at 787,000 tonnes as of Thursday, May 11. We see the beginning of May to be sluggish, but inventory downsizing is regaining a rampant pace. As we saw last week , the inventories only suffered a fall of 18,000 tonnes, but compared to the previous year, it fell by 216,000 tonnes. SMM claims that the inventories are the shallowest in the last five years, setting a record. Almost all regions in China have seen a decrease in stock, with some having a faster reduction rate. The future seems quite bright, as steady trade means a flourishing economy. When tallied with this Monday, May 8, the...
Primary aluminium output in Russia and Eastern Europe reached 343,000 tonnes in March 2023, up 10.65% or 33,000 tonnes from 310,000 tonnes the previous month. According to Hong Leong Investment Bank (HLIB) Research, Press Metal should see a 26 per cent growth in quarter-on-quarter primary profits in 2023. The study also indicates that aluminium may have a bright future in the medium or long term if it can overcome electricity costs, recession, and the imposed slump on the worldwide real estate business. Net sales for Century Aluminium climbed by 4.25 per cent quarter over quarter, from $529.9 million to $552.4 million, reflecting an increase in shipments of 11,694 tonnes. According to the statistics, exports increased from 169,471 tonnes to 181,165 tonnes in Q1 2023. The PT Adaro Minerals...
The downstream sector has seen temporal waves this week, with the Zurich Cantonal Bank lowering its stake in Kaiser Aluminium Co. by 28.8 per cent in 4Q 2022 and Novelis marking a 27% fall in FY 4Q 2023. SRF, the Indian multi-business chemical conglomerate, announced the construction of an aluminium foil plant which will cost INR 425 crore. Some of the upcoming events of the industry are going to take place in Africa and Ireland. The former will host the Equipment and Manufacturing West Africa Expo, while the latter will oversee the Ireland 2023 Exhibition in Limerick. In these global events, various aluminium items and jobs would be displayed. Foundry Ecocer, the market leader in producing and selling products and machinery for the metallurgical treatments of non-ferrous alloys, has...
In the midst of growing innovations and experimentation, increased demand for aluminium due to its distinctive properties is rising effectively. Innovative aluminium uses in the industry are developing as customers want eco-friendly and sustainable packaging solutions. To begin with, Lumson is planning to launch its very popular released Techno Airless Aluminium (TAL), an airless aluminium container in a greener form. Mercedes-Benz recently announced the results of its low-carbon technological plan, which was created in collaboration with aluminium maker Hydro. They successfully tested low-carbon aluminium with at least 25 per cent post-consumer scrap and are currently putting this more sustainable material into structural cast components for production this year. According to the...
On May 12, Friday, French President Emmanuel Macron travelled to an aluminium factory in Dunkirk to showcase the region's industrial recovery and highlight France's growing economic relevance for foreign investments. This visit follows the announcement by Taiwanese industrial group Prologium that it has chosen Dunkirk as the location for a hi-tech factory to manufacture batteries for electric cars from 2026. Macron is expected to tour the Aluminium Dunkerque plant , the largest producer of primary aluminium in Europe, and emphasise his government's commitment to accelerate the re-industrialisation of France. The strategy was reiterated in an interview with the weekly magazine Challenges. "Re-industrialisation means creating purchasing power and financing our social model," exclaimed...
The ninth annual edition of London Craft Week 2023 will take place in October and will feature events across the city that celebrates sustainability and cutting-edge technology in design and handiwork. Many advocates of sustainable design and craft will be attending the event, including Anabela Chan, the world's first fine jewellery firm to employ gemstones created in labs. The business, known for its thoughtful and cyclical approach to materials, will also showcase its works, such as the 'Mermaid's Tale,' which is fashioned from recycled and refined aluminium cans from beach cleanups. “As a sustainable and ethical brand, our ideas always stem from thinking about new solutions to create a positive environmental impact within the industry. The core idea was to find a solution to reduce...
Today, Darragh O'Brien, the Minister for Housing, Local Government, and Heritage, has requested the Oireachtas to approve amendments to the Planning and Development Regulations. Additionally, the Minister is seeking approval for planning exemptions to allow retailers to implement the government's new 'Deposit and Return' initiative for plastic or aluminium bottles. The move will help these businesses save hundreds of euros in 2023. These changes will permit the continued exemption of license fees for outdoor dining for restaurants, cafés, hotels, and pubs throughout Ireland. The government plans to introduce a Deposit and Return Scheme (DRS) for plastic bottles and aluminium cans as part of its commitment to waste reduction. This scheme involves charging a small deposit on drink...
