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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Various materials are used to fabricate contemporary bike frames, each with distinct advantages and disadvantages. Despite their recent surge in popularity, aluminium bike frames have a historical lineage that can be traced back to the late 19th century. The Lu-Mi-Num bike, produced by the St. Louis Refrigerator and Wooden Gutter Company in the late 19th century, is one of the oldest instances of an aluminium cycle frame. Aluminium bike frames are ubiquitous, given that most major bike manufacturers use aluminium or aluminium alloys in their products. As per AL Circle’s “Global Aluminium Industry Outlook 2023,” aluminium consumption in the automotive industry will continue to rise in the following years as the need for lighter, more fuel-efficient, and safer cars grows. Using aluminium...
Novelis Inc., an American industrial aluminium company specialised in rolling and recycling, announced its second quarter results for FY2023-24, disclosing net sales fell by 14.6 per cent Y-o-Y from US$4.8 billion to US$4.1 billion. A dip in aluminium flat rolled product shipments to 933,000 tonnes due to sluggish global demand could be attributed to the fall in Novelis' net sales in Q2. However, the net sales in Q2 stood steady compared to US$4.09 billion in Q1 FY24. In six months of FY24, the company's net sales amounted to US$8.2 billion, down by 18 per cent from US$10 billion during the corresponding period of the previous year. Net income attributable to common shareholders decreased 14.2 per cent Y-o-Y from US$183 million to US$157 million, driven by lower average aluminium prices....
A disappointing data release not only hints at a potential downward revision of third-quarter GDP growth but also raises concerns that the industry-heavy German economy may enter a technical recession by the end of 2023. Germany's ongoing macroeconomic struggles persist, raising doubts among the younger generation about the last time the country witnessed a sustained period of positive macroeconomic indicators. Unfortunately, September's latest industrial production data only adds to this worrisome trend. This marks the fifth consecutive month of decline, with a month-on-month drop of 1.4 per cent, in contrast to August's meagre -0.1 per cent. Year-on-year, industrial production has slumped by 3.7 per cent, affecting all major sectors of the economy. On September 8, 2023, AL Circle...
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8. In Shandong and Shanxi, the average alumina price has decreased by RMB 5 per tonne to peg at RMB 2,980 per tonne and RMB 3,020 per tonne, respectively, as of Thursday, November 9. The Australian alumina FOB price has remained restrained at US$340 per tonne since October 30, found SMM. China’s A00 aluminium ingot price has declined by RMB 60 per tonne to stand at RMB 19,170 per tonne on Thursday, November 9. The average prices are expected to range between RMB 19,150 per tonne and RMB 19,190 per tonne, with a spot contract...
In a momentous development, Idra Srl, a key player in the automotive manufacturing sector, is elated to declare a remarkable achievement in its pursuit of innovation and sustainability. The company has secured a prestigious agreement with Volvo to deploy two 9000-tonne Giga Press machines at a newly established location in Košice, Slovakia. This cutting-edge machinery is poised to transform the automotive manufacturing sector and establish the brand's new facility in Košice as a strategic cornerstone for Giga Casting. The Giga Press, weighing in at an impressive 9,000 tons, ranks as one of Europe's most giant die-casting machines, signifying a significant advancement in automotive manufacturing technology. This state-of-the-art equipment will empower the creation of intricate, lightweight...
LME aluminium opened at US$2273.5 per tonne on Wednesday, low and high at US$2262 per tonne and US$2279 per tonne, respectively, before closing at US$2264 per tonne, down US$17 per tonne or 0.07 per cent. On Thursday, November 8, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$17.5 per tonne or 0.78 per cent to clock at US$2,258 per tonne and US$2,258.50 per tonne. 3-month bid price and 3-month offer price grew by US$10 per tonne or 0.44 per cent to settle at US$2,273 per tonne and US$2,274 per tonne. December 24 bid price and December 24 offer price also moved up by US$10 per tonne or 0.42 per cent to peg at US$2,383 per tonne and US$2,388 per tonne. LME aluminium opening stock came in at 461600 tonnes. Live warrants and Cancelled warrants clocked...
Hydro Paragominas has come up with a smart solution for managing waste. The company is the country's second-largest bauxite producer and mines in Paragominas, Pará. They have found an innovative way to handle tailings (waste material from mining), which doesn't involve the risky use of tailings dams. This new approach is called the TDB (Tailings Dry Backfill) method. Here's how it works: Instead of traditional tailings dams, Hydro Paragominas now lets the tailings naturally dry in designated areas. Once dried, they use this material to fill in the pits from where they extracted the bauxite. This approach is the first of its kind in Brazil's bauxite industry and earned Hydro Paragominas the title of Company of the Year in the Mineral Sector's Environmental Governance category. Anderson...
ACTEGA, a global company specialising in the development and production of coatings, inks, adhesives, sealants, and compounds for the printing and packaging industry, has recently launched a breakthrough solution for the coffee capsule market. The new ACTEseal® heatseal coatings for the internal coating of aluminium coffee capsules are PVC-free, providing improved recyclability and reducing environmental damage associated with PVC-containing coatings. As the demand for convenience continues to increase, coffee capsules have become a popular solution for coffee drinkers. Aluminium coffee capsules, in particular, have gained widespread popularity as they provide excellent protection against external factors such as oxygen, light, and moisture, ensuring the preservation of coffee aroma for a...
Tomra Recycling Sorting, a business unit of Norway-based TOMRA, recently launched Autosort Pulse, a new sensor-based sorting technology for the aluminium recycling industry. Using laser-induced breakdown spectroscopy (LIBS) technology, Autosort Pulse offers high-precision aluminium scrap sorting by alloy types. Tomra claims that the Autosort Pulse offers "outstanding performance in the separation of, for example, 5xxx and 6xxx aluminium alloys". With 3D object scanning, the machine detects each object regardless of its size and surface, while multiple single-point scans enable sharper detection of materials in any condition. Its artificial intelligence-based object singulation feature allows it to accurately separate overlapping and adjacent objects. The market strategy segment manager of...
Vosa Spirits, one of the leading beverage company known for its unwavering commitment to taste, quality, and innovation has recently launched its two launches two new aluminium canned product lines dubbed The Vodka Water and High Line. Vosa provides both carbonated and non-carbonated products. The company has also roped in Kate Upton, a supermodel, actress, and businesswoman, as the new co-owner of the company. Kate's responsibilities will include actively participating in creating new flavours, package design, and marketing tactics, as well as striving to extend Vosa's customer base. Vosa reflects the traditional simplicity and elegance of the Mediterranean, as reflected in the aluminium cans' elegant, timeless forms. Vosa urges people to "enjoy the finer things" and expect more from...
Tianshan Aluminium Group conducted the first trial run of its 2# casting-rolling machine for the Shihezi Xinren battery aluminium foil project. Mr Zhao Qingyun, Deputy General Manager of Tianshan Aluminium Group, Mr Liu Sujun, Chairman of the Board of Supervisors, Mr Liu Junpeng, General Manager of Electrolytic Aluminium Division, Mr Guo Shanzhu, General Manager of Tianrui Energy, Mr Zhao Fulu, General Manager of Yingda Carbon, Mr Deng Jianquan, General Manager of Power Transmission Division, Mr Zeng Li, Deputy Party Secretary of T Li Yongping, general manager of Shihezi Xinren Battery aluminium Foil, presided over the test event. In his address, Deputy General Manager Zhao Qingyun, speaking on behalf of Chairman Zeng Chaolin, conveyed sincere gratitude and profound admiration to all the...
Saudi Arabian Mining Company (Ma’aden) has extended its partnership with luxury car manufacturer Jaguar Land Rover (JLR). Ma’aden's aluminium rolling mill has been supplying JLR with aluminium sheets since 2016, exporting over 100,000 tonnes of high-quality aluminium sheets for use in JLR luxury cars. These sheets are essential in the production of JLR’s aluminium-bodied vehicles. Ma’aden's 2040 strategy involves significant investments in strategic minerals to drive the global energy transition and technological advancement. Aluminium is crucial for electric vehicle production, as hybrid and fully electric vehicles use around 25-27 per cent more aluminium than traditional internal combustion engine vehicles. Ali Al-Qahtani, Executive Vice President of the Aluminium Business Unit,...
On November 2, the Luoyang Aluminum-based New Material Industry Alliance was officially established, marking a significant milestone for the city's industrial development. The alliance brings together 55 enterprises, third-party service institutions, financial institutions, research institutes, universities, social groups, and terminal application customers from the industry. During the founding meeting, the members voted for the first council units before reviewing and approving the articles of association, with Wanji Holding Group Co., Ltd. elected as the first chairman unit and China Color Technology Co., Ltd. as the first secretary-general unit. The aluminium-based new material industry is one of the 17 advantageous industrial chains planned by Luoyang. The establishment of the...
Phinergy's aluminium-air technology discovered its full potential in the wake of the Israel and Palestine conflict on October 7, this year. The electricity supply to the Israeli side of the Gaza border was disrupted due to constant intrusions, and it was when Phinergy tapped into their backup energy system installed at local telecom sites so that cellular communications could be bolstered for long periods of time. Founder Aviv Tzidon: "Our system enabled subscribers of our cellular provider client to maintain continuous communications under the most difficult circumstances." The terror attack on October 7 in the south of Israel caused severe disruptions in cellular communications in the Gaza border region, as the electricity grid collapsed in many places due to the fighting. The backup...
During the third quarter of the year, Germany witnessed a notable decrease in aluminium production, according to a report from the Aluminium Deutschland (German Aluminium Association). In the smelters, the primary aluminium production volume dropped by nearly 50 per cent, and the manufacturing of semi-finished aluminium products saw a decline in the high single-digit percentage range. Specifically, raw aluminium production decreased by 8 per cent to approximately 774,000 tonnes in the third quarter. Over the initial three quarters of the year, the total output amounted to just over 2.3 million metric tons, marking an 11 per cent decrease compared to the previous year. The production of primary aluminium saw a significant decline of 48 per cent from January to September, with smelters...
The Budweiser Brewing Company APAC (Bud APAC) recently launched its lightest aluminium beer cans at the circular packaging seminar at the Putian Brewery in Fujian Province, China. The event strengthens Bud APAC's circular packaging strategy, which aligns with the "reduce-reuse-recycle-recover" philosophy, to facilitate the transition towards a low-carbon economy. During the event, Bud APAC introduced its latest innovation in China, unveiling an exceptionally lightweight aluminium can for beer. This can, with a capacity of 330ml, weighs a mere 9.57g, representing a 4 per cent reduction in weight compared to the prevailing industry norm. Jan Clysner, Vice President of Sustainability and procurement of Bud APAC, said, "As the largest brewer in the region, we are fully committed to enhancing...
Henan Province's Department of Human Resources and Social Security, together with four other agencies, has announced the decision on naming Henan Province with the ‘Harmonious Labour Relations,’ to create demonstration enterprises and industrial parks. Following a thorough evaluation process, including commendable recommendations, comprehensive reviews, and diligent investigation, Zhongfu High Precision Aluminium Company (also known as Henan Zhongfu Industrial Co., Ltd) has been deemed an exemplary organisation showcasing harmonious labour relations within the province of Henan. Zhongfu High Precision Aluminium Company aggressively promotes the group company's corporate principles of "integrity, unity, dedication, innovation, openness, and sharing". It continues to encourage the formation...
ABx Group, a prominent player in the aluminium industry, has recently unveiled its groundbreaking bath pilot batch reactor at its subsidiary, ALCORE, situated on the scenic New South Wales (NSW) Central Coast. This significant development signifies a major leap in the field of aluminium recycling and promises to have far-reaching implications. Key highlights: ALCORE, an 83 per cent owned subsidiary of ABx Group, has commissioned a cutting-edge bath pilot batch reactor. The reactor is significantly larger than its predecessor, providing the capacity to recover fluorine from excess bath. The excess bath, a waste product from aluminium smelting, produces hydrogen fluoride, a valuable chemical required in aluminium smelting. Initial operations with modified conditions have proven the...
