India’s renewable energy transition is gathering pace, with installed renewable power capacity surpassing 300 gigawatts (GW) in 2026, almost quadrupling over the past decade. The country has also achieved its target of sourcing 50 per cent of installed electricity capacity from non-fossil fuel sources five years ahead of schedule, strengthening its position as one of the world’s fastest-growing clean energy markets. The expansion is beginning to deliver measurable energy security benefits by reducing dependence on imported fossil fuels, while competitive renewable power costs and expanding domestic manufacturing are opening new investment opportunities. However, sustaining this momentum will require substantial improvements in electricity transmission, storage infrastructure and...
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...
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On Thursday, May 11, China’s A00 aluminium ingot price has decreased by RMB 70 per tonne to halt at RMB 18,320 per tonne. A W-o-W calculation recorded a slump of RMB 190 per tonne from RMB 18,510 per tonne. Today, the average prices are expected to stand between RMB 18,300 per tonne and RMB 18,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The A00 aluminium ingot price has fallen in all the provinces owing to weaker demand in China and global economic headwinds. However, the price in Hangzhou has recorded a sudden growth of RMB 20 per tonne to score at RMB 18,420 per tonne. The prices in Chongqing and Wuxi have slipped by RMB 80 per tonne to stand at RMB 18,390 per tonne and 18,300 per tonne. On the...
On Thursday, May 4, China’s aluminium billet social inventory closed at 157,700 tonnes, up by 15,600 tonnes from the previous week. The increase was primarily attributable to arrivals over the Labour Day vacation and inadequate pre-holiday stockpiling. Smelters have been selling an increasing proportion of their molten aluminium to neighbouring billet factories since demand has been unable to keep up with supply growth. In addition, demand fell in late April. As a result, falling aluminium billet inventories will be tough. The figure below provides further information on the current state of aluminium billet inventories in China: The inventories had shown growth in all the provinces. In Foshan and Huzhou, the inventories had surged by 6,900 tonnes and 3,000 tonnes to reside at 95,600...
GreenPower, an American commercial EV maker, has unveiled its new all-electric stake bed truck, the EV Star Utility. The automobile has been assembled on the company's EV Star cab and features an aluminium chassis designed for ultimate endurance. According to Green Power, the EV Star Utility is designed to maximize its payload capacity by utilizing lightweight aluminium materials and electric vehicle technology without sacrificing its structural integrity. This compact truck can carry up to 5,740 pounds and has a gross vehicle weight rating (GVWR) of over 14,300 pounds. It can travel up to 150 miles on a single charge and features an anti-skid, watertight, and washable interior with inverted aluminium "T" flooring. GreenPower introduced the EV Star platform in 2020. Since then, it has...
Italian luxury brand Bulgari has recently augmented its 1900-inspired Aluminium series with the launch of three new exciting watch variants for summer. Bulgari introduces the Aluminium Chronograph range, now available in a stylish all-black design, featuring a new movement, Caliber B381. The classic black-and-white chrono, part of the aluminium and rubber comeback trio, has also been upgraded with the latest mechanical self-winding movement B381. Both models now come with a slightly larger 41mm case, up from 40mm. The limited edition Capri watches are perfect for sporty coastal summers or as a memento of the relaxing Mediterranean lifestyle. The watch features an engraving of Capri's Faraglioni on the case back. The blue Capri edition comes in both chronograph and time-only versions,...
Coldbrew Tea brand, Kaytea is about to launch a new flavour in aluminium cans. The company is making this shift from glass packaging to aluminium cans to keep up with global sustainability trends. The new White Peach flavour will arrive at outlets along with the brand’s Sparkling Rosay being repacked in 330ml slimline aluminium cans. Kaytea has been registered as a certified beverage provider for Sainsbury’s, Deliveroo, M&S, Zapp and Spinneys. Aluminium is 100% recyclable and can be processed infinite times to produce a raw material with the original properties intact. Aluminium can be vital in creating a closed material loop for raw material-intensive companies. The new aluminium packaging will be available by June, and this shows the brand’s commitment to sustainability. Kaytea founder,...
Affin Hwang Capital, the Malaysian-based investment banking group, had reduced its aluminium price per megatonne projections for 2023 to 2025, citing worries about global growth deceleration and a slight oversupply in the aluminium market. The pricing assumptions suggested that aluminium prices may fall below US$1,800 per tonne in the fourth quarter of 2023 (4Q23), following in the footsteps of aluminium prices that have fallen during economic downturns. "We now expect 2023 to 2025 aluminium prices to average at US$2,220, US$2,300, and US$2,400 per megatonne (mt) respectively from US$2,550 per mt previously. We also lower our carbon anode price assumptions as prices have eased since the peak back in June 2022 from lower oil prices," said Affin Hwang Capital. "We expect carbon anode prices...
The planned renewable energy-sourced aluminium smelter of PT Adaro Minerals Indonesia Tbk (ADMR) in Green Industrial Park Indonesia, North Kalimantan, is anticipated to be functional in Q2 2025 with a total investment of US$2 billion. Totok Azhariyanto, the Director at Adaro Minerals, said, " Currently, ADMR has explored cooperation with local players to supply 50 per cent of the alumina needs for the smelter while the rest will still rely on imports." "The total investment value, including power plants, reaches US$ 2 billion. Meanwhile, the alumina supply agreement will be finalized around six months before the commercial operation date [COD]." The aluminium smelter is scheduled to open in the second quarter of 2025, with a capacity of 500,000 tonnes in the first phase. Christian Ariano...
In Russia & Eastern Europe, primary aluminium production during March 2023 stood at 343,000 tonnes, reflecting an increase of 10.65 per cent or 33,000 tonnes month-on-month from 310,000 tonnes. Russia & Eastern Europe witnessed a hike in March following M-o-M downfall of 9.88 per cent in the previous month from 344,000 tonnes, showed the International Aluminium Institute. However, on a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production in March’23 edged a fall of 7,000 tonnes or 2 per cent from 350,000 tonnes. During the first quarter of 2023, ended March 31, primary aluminium production in Russia & Eastern Europe amounted to 997,000 tonnes, down by 2.25 per cent from 1.02 million tonnes in Q4 2022 ended December 31. On an annual basis, Russia & Eastern...
Designed by British furniture designer Mark Gabbertas of Chorus, the Mira laptop or side table uses a unique aluminium sheet layering method to achieve its product's ultra-thin visible profile structure. A specially designed double aluminium sheet layering technology, which reduces weight to a minimum, achieves the two crucial goals of an ultra-thin visible profile and a robust structure. Creativity has no limits, and when it comes to aluminium, it can be shaped or bent into different, giving architects the freedom to express their creativity. Also, due to its unique attributes, like being lightweight, recyclable, and sustainable, the metal has been used in multiple sectors. This innovative engineering produces a shape without apparent fixings or hints of the building procedures. With...
As per the Hong Leong Investment Bank (HLIB) Research, it has been forecasted that Press Metal might have a 26% increase in quarter-on-quarter primary earnings in 2023. The research also notifies that aluminium might have a bright future in mid or long-term conditions after it overcomes power cost, recession and the inflicted depression on the international real estate industry. Press Metal , the brainchild of the Koon Brothers, has successfully retained its shape in the gradually declining economy, and HLIB Research, in its last report, mentioned: “We see Press Metal Aluminium Holdings Bhd as an indirect beneficiary of the global decarbonisation movement and increasing environmental, social and governance policies across the world.” “However, the company may still register mediocre...
Metal cans, particularly aluminium cans used for beverage and aerosol packaging, are the most recycled packaging units worldwide. The packaging sector grew through 2022 as the demand for beverage cans and packaging foil increased. In 2023, the packaging, electrical and industrial sectors are expected to grow moderately. Ambev, the Brazilian brewing company, launched Brahma draft beer in a 350 ml aluminium can at the Web Summit technological conference held at Rio de Janeiro (RJ). The innovation is now being tested in the city where the event occurred and is only accessible on the Zé Delivery beverages app.Ambev has experienced exponential development in the sale of draft beer in recent years and has heard from customers about their desire to enjoy the drink experience at home in an easy...
According to a report on Tuesday, May 9, Hydro Rein has signed a contract with GreenGo Energy to purchase and develop two early-phase solar projects in Southern Sweden. The projects are in area SE4, with an estimated combined peak capacity of 118 MW. The land lease agreements have already been signed, and the construction is expected to begin in 2027. As per the agreement, GreenGo Energy will develop the projects, while Hydro Rein will lead contractual setup and other services like structuring, route to market, construction and operations. Hydro will get 100 per cent ownership of the projects upon the completion of the acquisition. The solar projects are estimated to generate 143 GWh of power. Site assessments of the projects are currently under process, and interconnection requests to...
Alcoa Corporation, the world's eighth largest aluminium producer, has appointed seasoned resource executive Matt Reed as Vice President Operations – Australia and President Alcoa Australia effective 6 th June 2023. Matt will be based in Perth and will be a key member of Alcoa's worldwide Operations Leadership Team, overseeing the experienced teams who run the company's bauxite mining and rehabilitation, alumina refining, and aluminium smelting operations in Western Australia and Victoria. Matt has over 25 years of expertise in the Australian and international mining sectors. He was most recently the Operations Executive of OZ Minerals, overseeing running assets and brownfield projects in Australia and Brazil. Bill Oplinger, Alcoa's Executive Vice President and Chief Operations Officer,...
Jason Momoa, the 'Aquaman' star, launched his canned water business Mananalu in 2019 with a vision to replace single-use plastic bottles with recyclable aluminium ones. The bottles at Mananalu are composed of 69 per cent recycled aluminium. As per the latest reports, the 'Game of Thrones' star celebrated Earth Day by launching a new range of flavoured water in 22-ounce (oz) aluminium cans. The announcement of the same was made by Momoa on his social media account. Momoa also sipped the new flavoured water, revealing the new passion flavour in recycled aluminium cans. The actor and activist did not stop there. He also cast one of his pals as "Plastic Pete," a litterer brought down by Momoa on the New Zealand beach where the skit was shot. At the end of the video, Momoa disclaimed that no...
Aluminium is becoming more popular among businesses and consumers as they prioritise sustainability in their products, according to the Aluminum Association, the industry’s leading voice, representing companies that make 70 per cent of the aluminium and aluminium products shipped in North America. Choosing aluminium means selecting an indefinitely recyclable material that supports good-paying jobs while also helping the region in meeting climate and energy goals. When talking about packaging, aluminium beverage cans contain 3X to 12X more recycled content than competing packaging types, which is one reason aluminium is counted as the best sustainable solution. Again, when commenting on aluminium's usage in buildings and construction, aluminium structures can weigh substantially less than...
LME aluminium opened at US$2,327 per tonne on Tuesday, with its high and low at US$2,338.5 per tonne and US$2,293 per tonne, respectively, before closing at US$2,315 per tonne, a drop of US$3.5 per tonne or 0.15 per cent. On Tuesday, May 9, both LME aluminium cash bid price and LME aluminium official settlement price scored at US$2,320 per tonne and US$2,321 per tonne. Over the weekend, the prices had surged by US$43 per tonne or 1.88 per cent and US$43.5 per tonne or 1.90 per cent. 3-month bid price and 3-month offer price hiked by US$36 per tonne or 1.57 per cent and US$35 per tonne or 1.52 per cent to settle at US$2,326 per tonne and US$2,327 per tonne. For the same day, December 24 bid price and December 24 offer price clocked at US$2500 per tonne and US$2505 per tonne. LME aluminium...
Yamaha has unveiled its BOOSTER range of Easy eBike and pedelec electric bikes, developed in Europe to suffice the swiftly augmenting need for cleaner, quieter, energy saving and more feasible urban transport. The modernistic yet minimalist design sports a protruding die-cast aluminium front frame, a pair of spoked wheels with fat 20" x 4" tyres, and a classic U-frame specification that gives ease in handling the vehicle. Driven by an ultra-compact and lightweight Yamaha PW-S2 drive unit that delivers seamless power, the new BOOSTER models are ready to make every part of the metropolis easily accessible to the new generation of riders who live, work and play in the city. In the past, Yamaha's BW scooter and MBK Booster were trendy among young riders who wanted to experience the thrill and...
The HUAWEI Mate X3 is a ground-breaking foldable smartphone with four curved edges that provide superior handling comfort. It is made of high-quality materials, such as ultra-light carbon fibre and aviation-grade aluminium alloy, ensuring durability and longevity. This innovative device marks a new era in a foldable design. Pre-orders for the Huawei Mate X3, an impressive foldable smartphone with a sleek and lightweight design, exceptional features, and durability, will be available in the UAE starting May 10th. The device is built to last, featuring Kunlun Glass screens and IPX8-rated water resistance. It provides users with peace of mind when using it in different scenarios, such as rainy weather or in proximity to a pool. The battery life of a smartphone is crucial, and the HUAWEI Mate...
