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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Collaboration is a buzzword in the watch business, and Hublot is undoubtedly one of the most active watch manufacturers. Hublot has collaborated with Nespresso to develop a Big Bang utilising recycled aluminium pods and coffee grounds as part of their most recent and unexpected cooperation. The Big Bang Unico Nespresso Origin, an outcome of a partnership between Hublot and Nespresso, embodies the ideals of innovation, quality, and sustainability that are important to both companies. The 42mm casing, bezel, pushers, and crown of the watch are made of recycled aluminium , which contains 28 per cent Nespresso capsules and is etched with Nespresso's N emblem. The sapphire case-back features a recycled Eco-Titanium frame. " Nespresso is proud to join forces with Hublot to create the Big Bang...
According to the latest data from the Ministry of Commerce, Govt. of India reveals that the alumina exports to Russia escalated to 0.258 million tonnes in April-February of the financial year 2022-23 (FY23) from zero in the previous period of FY22. The surge in India-Russia trade with the mentioned commodity has been under the global export-import radar. Russia is one of the world's leading aluminium producers (ex-China) and a significant alumina consumer. Russia was shut off from important supply sources like Australia and Ukraine-Russia geopolitical crisis as both nations chose not to send alumina to Russia. Australia stated it prohibited the supply of alumina and bauxite to Russia because they were vital components in manufacturing and developing weapons. Other suppliers, including...
Baotou Aluminium Co., an electrolytic aluminium base of Chinalco in northern China, has been enlisted by the Aluminium Stewardship Initiative (ASI) as the new Production and Transformation member. Founded in 1958, the company was an electrolytic aluminium enterprise constructed during China's Second Five-Year Plan and the first electrolytic aluminium enterprise designed and independently built after the establishment of New China. After more than 60 years of development, the company has become the first phalanx of China's aluminium industry. It has a production capacity of 1.3 million tonnes of electrolytic aluminium, 1.71 million kilowatts of self-provided electric power, 50,000 tonnes of high-purity aluminium and 120,000 tonnes of anode. It has a total asset value of 18.22 billion yuan...
Mills CNC will be featuring one of their most popular simultaneous 5-axis machining tools at the Manufacturing Solutions – Ireland 2023 Exhibition in Limerick on June 14-15. The DVF 5000 can accurately manufacture aluminium components with the use of metal powder. As the exclusive distributor of DN Solutions’ and Zayer machine tools in the UK and Ireland, Mills CNC also offers advanced automation system solutions to component manufacturers. The showcased machine is DN Solutions’ DVF 5000 model, equipped with direct-drive spindle technology, linear guides, a 60-tool position ATC, integrated thermal compensation, and the latest advanced Fanuc 31i Plus control with 15” touchscreen iHMI. On display at their stand (M4) in the Technology Zone, the DVF 5000 has become a go-to machine for OEM and...
Touted as one of the most sustainable headphones in the market, Fairbuds XL from the Dutch electronics manufacturer and social enterprise, Fairphone has been made from recycled aluminium and tin, combined with recycled plastic and vegan leather for the cushions. Their commitment towards sustainability continues, as the fabrics of the bag they come in are also derived from recycling. Apart from the exciting features like IP54 certification for dust and water, the attribute which makes it stand out is that it can be fixed from the comfort of one’s home. Fairphone has been on the market for some years with a clear proposition to provide customers with devices that may be fixed from the comfort of their own homes. Besides being supra-aural headphones produced with recycled materials, they are...
LME aluminium opened at US$2,275.5 per tonne on Thursday, with its high and low at US$2,282 per tonne and US$2,202 per tonne, respectively, before closing at US$2,213 per tonne, a drop of US$56.5 per tonne or 2.49 per cent. On Thursday, May 11, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$47.5 per tonne or 2.08 per cent and US$47 per tonne or 2.06 per cent to halt at US$2,228 per tonne and US$2,229 per tonne. 3-month bid price and 3-month offer price dwindled by US$43.5 per tonne or 1.90 per cent and US$44 per tonne or 1.92 per cent to peg at US$2,236.50 per tonne and US$2,237 per tonne. December 24 bid price and December 24 offer price contracted by US$40 per tonne or 1.62 per cent to score at US$2,415 per tonne and US$2,420 per tonne. LME...
A sister concern of Nasdaq-listed Vintage Wine Estates Inc., ACE Cider has released the latest variant of its flagship beverages in 100% recyclable aluminium cans. ACE Cider introduced this new flavour, ACE HIGH Imperial Pineapple, to add to their successful line of HIGH Imperial releases. This 8% ABV beverage, made from 100% fermented fruit juices, has a tropical taste thanks to the blend of tart apple juice and real pineapple. It is gluten-free, vegan, and has no added sugar. To keep up with the brand's environmental commitment, these vegan beverages are served in infinitely recyclable aluminium cans, emitting less carbon dioxide on recycling than a standard one-time-use plastic solution. The SVP and General Manager of ACE Cider, Tracey Mason, exclaimed: "ACE Pineapple Cider is one of...
Renowned Japanese architect Tadao Ando has recently unveiled his highly-anticipated design for the MPavilion, which is scheduled to open later this year at Melbourne's Queen Victoria Gardens. Ando's signature style, characterized by strong geometric forms and the use of simple materials such as concrete and aluminium, is prominently featured in the pavilion's design. The top of the magnificent monument upholds a 14.4-meter aluminium-clad disc, which gives it an ornamental display. The pavilion's opening will mark the onset of a five-month festival of free programming in the parks aimed at exploring Ando's architectural ideas and concerns and global design debates. Ando's idea was to construct a meeting place that perfectly blended with the serene atmosphere and the surrounding botanical...
On Monday, the Odisha government approved 11 projects worth INR 2,841 crore in investment, expected to provide employment opportunities to around 3,721 people. The approval was granted at the State Level Single Window Clearance Authority (SLSWCA) on Monday, April 8. In addition to aluminium and steel, the approved projects at the SLSWCA meeting include chemicals, plastics, food processing and packaging, textiles and apparel, tourism, and renewable energy. The proposal for expansion of the Utkal Alumina International in Rayagada district and Hindalco Industries in Sambalpur’s Lapanga district was also approved. The two projects are expected to generate around 500 jobs and INR 1,000 crore in investments. Nine of the 11 companies present at the SLSWCA meeting had participated in the Make in...
Vedanta Aluminium is reportedly increasing production at its smelters in Jharsuguda (Odisha) and Korba (Chhattisgarh) to widen its product lines and diversify product mix to cater to sunrise sectors like high-tech manufacturing, electric vehicles, green building, renewable energy, and battery technologies. The company is committed to meeting the growing demand for aluminium with its indigenously produced aluminium products for the engineering and technology sectors. Vedanta Aluminium is a well-known player in the value-added aluminium product market. It produces more than half of India’s aluminium. In FY2023-23 ended March 31, Vedanta’s aluminium production totalled 2.29 million tonnes. “The world seeks to transition to a low-carbon future, one that is undoubtedly going to be metal...
In a recent development, it has been notified that the Tata and Airbus collaboration will give rise to the production of transport carriers in Vadodara, Gujarat. The Chairman of Tata Sons, the Tata Group, N Chandrasekaran, proudly announced that the company will now be able to create indigenous Airbus C-295 aircraft for the Indian Air Force (IAF) by melting aluminium ingots after the opening of the final assembly plant in Vadodara. This is a proud moment for India and Tata Industries, as one of its forefathers, J.R.D. Tata was the first licensed pilot in India. The tactical airlifter of a new generation, the Airbus C295, recently completed its successful maiden flight for India. Airbus stated that this achievement is a crucial milestone towards delivery in the second half of 2023. The...
According to the International Aluminium Institute, alumina production in Europe (including Russia) surged by 13.41 per cent or 66,000 tonnes month-on-month during March 2023 to reach 558,000 tonnes. In February, the output stood at 492,000 tonnes, descending by 4.84 per cent from 517,000 tonnes. On a year-on-year basis, Europe’s (including Russia) alumina production in March 2023 reflected a plunge of 27.44 per cent from 769,000 tonnes. In the first quarter of 2023 ended March 31, alumina output in Europe totalled 1.567 million tonnes, registering a 9 per cent fall from 1.722 million tonnes in Q4 2022 and a slump of 35.50 per cent from 2.430 million tonnes during the same period last year. The daily average alumina production in Europe stood at 18,000 tonnes during March 2023 – 400...
Moonen 110, the three-deck steel hull full displacement motor yacht, has completed its first week of sea trials and endurance test at the Dutch coast on the North Sea. Built using aluminium, the yacht's exterior was designed by René van der Velden Yacht Design, with interiors from Studio Indigo and naval architecture by Diana Yacht Design. "It's always exciting to take a brand new design out for the first time. She performed very well at sea, very stable and comfortable. We really noticed how low the noise and vibrations levels are. She's a beautiful boat," said Project Manager John Bechtold. With a speed of 110 knots and a top speed of 13 knots, the aluminium super-yacht is powered by twin Caterpillar engines, giving them the needed boost. One of the biggest advantages of using aluminium...
Novelis, the world’s leading flat-rolled aluminium producer and aluminium recycler, announced its fourth quarter and full year results of FY2022-23 ended March 31. The company noted that its net income attributable to common shareholders in Q4 FY2023 was $156 million, down by 27 per cent from $215 million a year ago. In the full fiscal year, the income amounted to $658 million, reflecting a Y-o-Y plunge of 31 per cent from $954 million. Novelis’ net income from continuing operations in Q4 FY23 also stood at $156 million, reflecting a fall of 28 per cent Y-o-Y from $217 million. In the full year, the company earned $659 million as net income from continuing operations compared to $1,018 million in FY2022. Adjusted EBITDA was recorded at $403 million in Q4 FY2023, down by 6.50 per cent from...
Roberts Metal Packaging, one of Europe’s leading providers of pre-threaded screw-caps, godets and aluminium and tinplate containers, has added two new collections to its most popular Softline Extreme aluminium jar range. The new range, dubbed Softline Extreme Deep, is available in sizes ranging from 75ml to 250ml, including a new 170ml variant. These sizes are ideal for packing health and beauty goods, including hair care and body butter. The threaded lid and flat, angular bottom of the pack are now available in deep and shallow ranges. The product is also available in sizes ranging from 25ml to 120ml, with a new 100ml pack currently available. “Our Softline Extreme range was originally launched over a decade ago and has proved incredibly popular with customers who have utilised this...
According to Reza Kholghy, a professor of aerospace and mechanical engineering and lead researcher in Carleton University's Energy and Particle Technology Laboratory, using metals, particularly aluminium, as a fuel source for energy storage and release could significantly decrease gas emissions and other pollutants associated with burning fossil fuels. Each year, the amount of carbon dioxide (CO2) released into the atmosphere exceeds what the Earth's natural processes can eliminate. CO2 emissions, which come from burning fossil fuels for energy, significantly contribute to global warming. Mines, mills, power plants, and factories are the main sources of these emissions, with the industrial sector being Canada's largest producer of greenhouse gases. Kholghy specifically mentioned: "Metals,...
On May 10, Aluminium Stewardship Initiative (ASI) announced the joining of Asiaway Automotive Components Mexico (AWM) as the new Production and Transformation member. AWM specialises in die casting and machining aluminium components. AWM is a subsidiary of Asiaway Group (headquartered in China, Ningbo Asiaway Automotive Components). “As a growing company, Asiaway realises the importance of the key environmental and social impacts of our work and aims to improve its supply chain to the highest standard possible, particularly all aluminium related,” said Manuel Madrigal, GM at AWM. Ningbo Haiwei Auto Parts Co., Ltd. was founded in April 2010. The firm is dedicated to auto part research, development, and manufacturing and also assists clients in realising the lightweight of parts via...
LME aluminium opened at US$2,321 per tonne on Wednesday, with its high and low at US$2,325 per tonne and US$2,266 per tonne respectively before closing at US$2,269.5 per tonne, a drop of US$45.5 per tonne or 1.97 per cent. The rate of inflation in the US has decreased, and there are indications that interest rates and the debt ceiling are improving, which has boosted the price of aluminium. Despite this, there are still uncertainties in the market, and it will take favourable policies to fully recover domestic demand. On May 10, Wednesday, the LME aluminium cash bid price halted at US$2,275.50 per tonne, with a fall of US$44.50 per tonne or 1.92 per cent and the LME aluminium official settlement price stopped at US$2,276 per tonne, with a slump of US$45 per tonne or 1.94 per cent. The...
