Aluminium scrap: This week, China's Aluminium scrap market remained relatively stable. As of September 24, SMM A00 Aluminium prices closed at RMB 24,240 per tonne, up slightly by RMB 60 per tonne from RMB 24,180 per tonne last Thursday, with domestic Aluminium scrap market prices holding steady overall. In terms of price spreads, on September 24, the price difference between A00 Aluminium and mixed Aluminium extrusion scrap free of paint in Foshan was about RMB 2,482 per tonne, and the price difference between A00 Aluminium and shredded Aluminium tense scrap was about RMB 1,261 per tonne. On the import side, Aluminium scrap imports in August were 142,000 tonne, up 18.60per cent M-o-M but down 17.67 per cent Y-o-Y, ending the four consecutive monthly declines since April; cumulative...
The financing will support a Nevada plant designed to produce 500 tonnes of rare earth metals annually, as US defence sourcing restrictions are set to expand from January 2027. Solcoa Industries has secured USD 75 million to expand rare earth metal production in the United States, targeting a supply-chain bottleneck that is becoming increasingly important for defence manufacturers. The company said the funding will support construction and commissioning of its Solcoa One plant in Nevada, which is planned to begin operating in July 2027 with annual capacity of 500 tonnes. The financing includes USD 45 million in equity led by Bain Capital Ventures, with participation from Gigascale Capital, Long Journey, Felicis, Dylan Field and other investors from the defence and technology sectors. A...
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Century Aluminum Company, the owner of Jamalco, said on Wednesday, November 8, that the malfunction of the power generation unit at the Clarendon-based refinery caused a loss of about US$22 million. Explaining the incident, president & CEO of Century Aluminum Jesse Gary said a power disruption resulted in an equipment failure at the refinery, which led to partial production for a portion of September and all of October. The loss translates to $3.4 billion in local currency. Jamalco expects to recover almost two-thirds of the total loss from insurance. Gary added that Century Aluminum had to fly in engineers from the manufacturer to address the cause of the incident and find a long-term solution. “The impact of the Jamalco equipment failure in the third quarter was approximately US$16.9...
Reynaers Aluminium, a European leader in sustainable solutions for aluminium architecture, has bagged the prestigious Aluminium Systems Company of the Year award at the National Fenestration Awards (NFA) ceremony. The award recognises Reynaers' contribution to the UK fenestration sector by offering quality aluminium solutions for doors, windows, and facades. The awards are decided by an open vote based on industry recognition, with all firms operating in the UK fenestration sector entitled to participate and vote. Reynaers has made significant gains in the last year towards its goal of providing its clients with the greatest service and product selection. For example, it has increased its warehouse space to cut down on stockouts and delivery times, developed new products with features...
NASA's ambitious collaboration with Ball Aerospace has shaped one of the most remarkable spacecraft of the century. The SPHEREx mission will be fundamental in conducting detailed reconnoitres of our Milky Way, mapping galaxies, nebulae, stars and other celestial objects. Most interestingly, NASA's SPHEREx spacecraft flaunts an outer structure made of aluminium sheets, and the inside contains aluminium honeycombs. The SPHEREx mission aims to map the entire sky from low-Earth orbit, and it is set to launch in the next couple of years. The spacecraft's cone shape has already been materialised as it goes through final R&D in a clean room at NASA's Jet Propulsion Laboratory in Southern California. Additionally, two smaller cones surround the telescope to ensure it is protected from the light...
A recent study commissioned by New Zealand Aluminium Smelter (NZAS) indicates that the waters surrounding the Tiwai Point aluminium smelter pose minimal or no threat to both human health and marine life. NZAS is owned by Rio Tinto (80 per cent) and Sumitomo Chemical Company of Japan (20 per cent). In a statement released, NZAS reported that extensive testing conducted by consultants GHD aimed to supplement the detailed site investigation carried out in 2021, establishing baseline indicators for the smelter site. The study aimed to assess the potential adverse effects of smelter discharges on the coastal marine environment and the well-being of individuals engaging in recreational activities and food gathering in the area. According to the report, there is no heightened risk of health...
Australia's aluminium specialist, Capral Aluminium, has achieved yet another milestone in sustainable building with their Lower carbon aluminium product, LocAl®, named the Green Building Product category winner at the 2023 Architecture and Design Sustainability Awards. Capral's domestically extruded, lower-carbon aluminium stands out as evidence of the company's dedication to environmentally friendly business methods and aluminium conservation in this age of environmental sensitivity. "We are incredibly grateful to be recognised by the expert judging panel, who are leaders in their respective fields - from universities, industry associations and architecture firms; they know what sustainable buildings look like and what it takes to achieve them - and they picked LocAl®," said Corporate...
Aluminium Bahrain B.S.C. (Alba) has announced its third quarter financial results for 2023, whereby it disclosed a profit of BD17.3 million ($46 million), down by 64 per cent from the last year due to poor LME prices and lower premiums. The company’s revenue also edged a fall Y-o-Y from BD403.2 million ($1.07 billion) to BD400 million ($1.06 billion). Alba also announced the comprehensive income for Q3 2023, which stood at BD20.7 million ($55.2 million) after experiencing a plunge of 64 per cent from BD58.2 million ($154.8 million) a year ago. The gross profit was BD48.6 million ($129.3 million), down by 38 per cent Y-o-Y from BD79 million ($210.2 million). The company reported basic and diluted earnings per share of fils 12 for Q3 2023 compared to fils 34 during the same period in 2022....
LME aluminium opened at US$2261.5 per tonne on Thursday, with its low and high at US$2233 per tonne and US$2266 per tonne respectively before closing at US$2238 per tonne, down US$26 per tonne, or a decrease of 1.13 per cent. The LME aluminium live price chart , on November 9 marked an overall slump in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price dropping US$31 per tonne or 1.37 per cent and US$30.50 per tonne or 1.35 per cent to officially close at US$2,227 per tonne and US$2,228 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price tumbled by US$37 per tonne or 1.63 per cent and US$37.50 per tonne or 1.65 per cent to stop at US$2,236 per tonne and US$2,236.50 per tonne, respectively. The...
On Friday, November 10, China’s A00 aluminium ingot price dropped by RMB 40 per tonne to clock at RMB 19,130 per tonne, with the average prices between RMB 19,110 per tonne and RMB 19,150 per tonne. The spot contract price may be traded at a discount price of RMB 80 to RMB 40 per tonne. As per the SMM data, the A00 aluminium ingot price has fallen in most provinces except in Linyi, where it has grown by RMB 10 per tonne to clock at RMB 19,130 per tonne. The prices in Wuxi and Hangzhou have dropped by RMB 40 per tonne to settle at RMB 19,130 per tonne. On the same day, the domestic aluminium ingot prices in Chongqing and Shenyang dipped by RMB 20 per tonne to halt at RMB 19,170 per tonne and RMB 19,130 per tonne. In Tianjin, it has descended by RMB 10 per tonne to settle at RMB 19,180 per...
On Thursday, November 9, National Aluminium Company (NALCO), a Navratna CPSE Indian metal and mining company, announced its second-quarter fiscal results of FY2023-24, whereby it reported nearly 50 per cent rise in profit to INR 1.87 billion ($22.45 million) from INR 1.25 billion a year ago. Improved infrastructure carried out by the Indian Government, resulting in boosted demand for the metal produced by the state-run manufacturer, caused NALCO’s profit growth. India, one of the world’s biggest aluminium producers, has raised its budget on infrastructure ahead of general elections next year, which helped companies NALCO and its rival Hindalco Industries. As per a Reuters report, NALCO has recorded about a 14 per cent jump in pre-tax profit in the mainstay aluminium segment for Q2 FY2024,...
In a nod to innovation and Swiss national pride, three of Switzerland's most cutting-edge firms have collaborated to produce a revolutionary winter jacket. Nespresso, Mammut, and HeiQ have created the Extraordinary Jacket, a ground-breaking piece of outerwear composed of recycled post-consumer aluminium. Nespresso's Switzerland Head of Marketing and Sustainability, Irene Balascas, said, "We are proud to contribute to this innovative project and bring another product highlighting the resource-efficiency of aluminium capsules once again as we already did in previous collaborations with equally renowned brands." The aluminium from repurposed Nespresso capsules is used in Mammut's ultralight Ajungilak insulation, thanks to the company's use of HeiQ XReflex technology, powered by Xefco. The...
On November 8, 2023, Harland & Wolff Group Holdings PLC announced that it had entered into an agreement with Austal Ships Pty Ltd for a technology transfer aimed at developing next-generation aluminium vessels. The London-based fabrication company, serving the maritime and offshore industries through its facilities in England, Northern Ireland, and Scotland, disclosed that this memorandum of understanding entails Austal sharing its designs for advanced aluminium patrol vessels and transferring specialized manufacturing knowledge to Harland & Wolff. Additionally, the agreement covers equipment procurement and supply chain management for aluminium vessels, with Harland & Wolff planning to construct these vessels at its Appledore facility in Devon. Harland & Wolff, in collaboration with...
ARABAL 2023 to be hosted by Ma’aden under the patronage of H.E. Bandar AlKhorayef, Minister of Industry and Mineral Resources for the Kingdom of Saudi Arabia. The Arab International Aluminium Conference (ARABAL), the Middle East’s premier trade event for the aluminium industry, will take place from November 21-23 in Riyadh. ARABAL is a key platform to highlight pressing market challenges and trends, educate stakeholders and encourage innovation in the aluminium sector both regionally and globally. The 25th edition of ARABAL will be hosted by Ma’aden (Saudi Arabian Mining Company), the largest multi-commodity mining and metals company in the Middle East. It will focus on key challenges and opportunities such as achieving industry decarbonization and net zero, related industries in the...
South32, the mining and metals company headquartered in Perth, Western Australia, laid out its greenhouse gas emission (GHG) reduction strategies at the outset of its existence, committing to a long-term objective of attaining net zero operational GHG emissions by 2050 within the first year of its inception. Furthermore, the company has introduced a mid-term goal of reducing its operational GHG emissions by 50 per cent by 2035, using its 2021 financial year as the baseline. It has already implemented several initiatives to accomplish this target. The company's climate change strategy is centred around several key pillars: They aim to reconfigure their product portfolio, prioritizing base metals crucial for the shift towards a low-carbon world. The company is committed to reducing carbon...
Mexico is one of the 15 countries against whom the United States has initiated the anti-dumping investigation for exporting extruded aluminium products. On October 25, the US Department of Commerce named 14 Mexican companies when initiated the investigation. Mexico is one of the major exporters of extruded aluminium products to the US market, accounting for US$660 million of US$3.19 billion of the US extruded aluminium import value as of 2022. According to Kenneth Smith, former Mexican chief negotiator of the USMCA free trade agreement, Mexico’s exports to the US have been vast in recent years in the binational trade of aluminium products. If the United States investigation proves dumping and injury of the domestic market as a result of imports, countervailing duties will be levied on...
Sunlock, a prominent solar mounting manufacturer in Australia, is demonstrating its commitment to the renewable energy field by adopting a pioneering approach. The company has decided to transition all of its Sunlock C-Channel Solar Rails to LocAl® Green Lower Carbon Aluminium, sourced from Capral, a supplier known for its sustainable practices. The introduction took place in November 2022. Capral offers LocAl®, a primary aluminium solution with fewer carbon emissions, in their range of locally made extruded aluminium products. This initiative aims to allow Australian businesses to use environmentally friendly and sustainable aluminium materials for their respective projects. "Switching to LocAl Green, provides us with an opportunity to do our bit for the renewables sector. Sunlock's...
Suppose all currently operational mining sites in Brazil persist in their activities over the next few decades. In that case, it is projected that their emissions will amount to approximately 2.55 gigatonnes of carbon dioxide equivalent (CO 2 e), primarily attributed to the depletion of vegetation (0.87 Gt CO 2 eq) and soil (1.68 Gt CO 2 eq). In a research article featured in Communications Earth & Environment, scientists from the Luiz de Queiroz College of Agriculture at the University of São Paulo made calculations. They deduced that this quantity of CO 2 e is equivalent to approximately 5 per cent of the global yearly greenhouse gas emissions from human activities. Brazil possesses vast mineral reserves, however, many of which remain underutilized. These resources encompass iron ore,...
India's rising aluminium demand sparks a call for government support to balance the environmental impact of primary and recycled production amid global scrap restrictions. The demand for aluminium in India is rising, driven by population growth, urbanisation, and industrialisation. With a focus on becoming a net-zero economy by 2050, the metal plays a crucial role in high-value sectors like infrastructure, power, transportation, railways, aerospace, building & construction, renewable energy, and consumer durables. Despite the surging demand, the primary driver is India's thriving aluminium recycling industry, growing at an impressive CAGR of 9-11 per cent from fiscal 2015 to 2023. In contrast, primary aluminium demand has seen a more modest CAGR of 1-2 per cent. Key sectors such as...
An industry association with Beijing's support, which commenced its certification of low-carbon aluminium in June, anticipates accrediting approximately 2.75 million tonnes as low-carbon this year. This volume equals around 7 per cent of the total industry production and is projected to increase to 4 million tonnes by 2024. China stands as the predominant global producer of aluminium, a manufacturing process known for its significant environmental impact due to its substantial electricity consumption. In China, this electricity generation predominantly relies on coal, although the industry has been progressively transitioning towards greater utilization of hydropower and other renewable energy sources. Ma Cunzhen, who serves as the director of the China Green Metal Certification Center...
