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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Aluminium cans recycling has become an essential aspect of environmental conservation in recent times. A microbrewery located in Northern Ireland has launched a new range of canned beers, accompanied by a 'Cans for Cans' charity campaign to support a homeless charity. Out of Office Brewery organized a charity drive for The Welcome Organization, where customers could donate canned food in exchange for aluminium cans containing its new beer. Katie McBarron from Out of Office explained: "Expanding our product offering into a range of cans will help us share our beers with an even greater audience, and we're beginning with three of our most popular varieties." The microbrewery is the 'highest above-ground level brewery in Ireland' and offers educational and hands-on brewery tours and tastings...
On Wednesday, November 8, China’s A00 aluminium ingot price has gained RMB 60 per tonne to settle at RMB 19,230 per tonne, with the average prices standing between RMB 19,210 per tonne and RMB 19,250 per tonne. The spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne. However, on M-o-M calculation, a plunge of RMB 360 per tonne was witnessed from RMB 19,590 per tonne recorded on October 8. As of today, the Shanghai Metals Market (SMM) data have shown growth in all the provinces. To begin with, the A00 aluminium ingot prices in Gongyi, Foshan and Wuxi have ascended by RMB 60 per tonne to clock at RMB 19,100 per tonne, RMB 19,260 per tonne and RMB 19,230 per tonne. In Hangzhou, the domestic aluminium ingot price has added RMB 50 per tonne to reach RMB 19,220...
LME aluminium opened at US$2286.0 per tonne on Tuesday, with its low and high at US$2253.0 per tonne and US$2286.0 per tonne, respectively, before closing at US$2277.0 per tonne, down US$9 per tonne or 0.39 per cent. On November 7, the LME aluminium live price chart spotted slightly declining aluminium price trends, with the LME aluminium cash bid price and the LME aluminium official price dropping US$13 per tonne or 0.58 per cent to officially close at US$2,240.50 per tonne and US$2,241 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price plunged by US$15 per tonne or 0.66 per cent to halt at US$2,263 per tonne and US$2,264 per tonne, respectively. The December 24 bid price and the December 24 offer price have dwindled by US$9 per tonne...
In an ever-evolving world where innovation and sustainability go hand in hand, one industry stands out for its remarkable contributions – the aluminium industry. We are glad to announce the launch of our latest edition, a dedicated publication that aims to be your guiding light in the vast realm of the aluminium sector – "The Aluminium Industry: Focus Americas." This e-Magazine takes you on a journey into the heart of this dynamic sector, showcasing how it is shaping the future of the Americas. Aluminium, often referred to as the "metal of the future," plays a pivotal role in modern life. With its versatility, strength, and exceptional recyclability, it is the backbone of many essential products and industries. This e-Magazine dives deep into the state of the aluminium industry in the...
SOLARCYCLE has imbibed in a partnership with EDF Renewables North America, a French-based renewable energy developer that has expertise in wind and solar energy projects. This new agreement will allow California-based SOLARCYCLE to recycle solar panels damaged or broken during construction and operation from EDF's grid-scale, distribution-scale, and onsite solar sites. SOLARCYCLE, on the other hand, poses as "designed to maximize solar sustainability by offering solar asset owners a low-cost, eco-friendly, comprehensive process for recycling retiring solar panels and technologies and repurposing them for new uses." Solar panels require the untamed use of silicon for their photovoltaic properties, but the panels on which the modules reside are usually made of aluminium. This is when...
Suriname's government has announced its intention to seek potential investors to develop bauxite projects in the Bakhuis area in the western part of the country. This move comes after several unsuccessful attempts dating back to the 1970s to initiate such projects in Suriname. The government cited the growing global population and the increasing need for climate adaptation as factors driving higher demand for aluminium in the coming decades. World Economics estimates Suriname's GDP to be $13 billion - 38 per cent larger than official estimates. Using IMF growth rate estimates, World Economics GDP data are used for 2023. The country started seeing a moderate economic recovery in 2022, with real GDP expanding by 2.4 per cent. However, high inflation and rapid currency depreciation remain...
Aluminium ADC12 alloy ingot prices fell by INR 3,000 per tonne to INR 192,000 per tonne despite steady raw material costs, namely casting scrap pricing, exw Delhi. The monthly average prices of tense scrap in India remained consistent at INR 155,000-156,000 per tonne exy Delhi. However, the imported tense scrap prices from the Middle East declined by USD 30-40 per tonne, reaching USD 1,575 per tonne in October compared to USD 1,610 per tonne in September 2023. The UK-origin Zorba import scrap prices fell by roughly USD 30 per tonne and were announced at around USD 1,820 per tonne, while raw material costs such as silicon 553 from China saw a sufficient downward adjustment in recent weeks. It has been observed that several established industry participants are actively engaged in efforts...
On Tuesday, November 7, India's Commerce and Industry Minister Piyush Goyal assured the domestic aluminium and steel industry that no unfair taxes in the form of Carbon Border Adjustment Mechanism (CBAM) would be accepted. He said India had already expressed concerns over the carbon tax with the European Union (EU) and the World Trade Organization (WTO). He said at a function of the steel industry, "I will assure you that we are extremely concerned about CBAM...We are taking it up with the WTO very very seriously. We shall try to work and fight to get a fair deal for the Indian producers and exporters and nobody is complacent about CBAM." Piyush Goyal noted that CBAM would translate into a 20-35 per cent tax on select imports into the European Union starting January 1, 2026. According to...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, is hosting the 41st International Conference and Exhibition of The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) in Dubai this week. ICSOBA is the largest annual technical forum in the global aluminium industry. The three-day event in Dubai - the most extensive edition ever - brings over 190 international contributions and 168 technical presentations in four parallel streams focusing on advancing sector decarbonisation and further sustainability. As a global leader in aluminium smelting technology development, EGA will share over 20 papers detailing findings and solutions to address complex industrial challenges, including both EGA papers and papers...
Big Shock! one of the Czech Republic's leading energy drinks, has released a limited edition aluminium can commemorate the global premiere of another Hunger Games film adaption, 'The Ballad of Songbirds and Snakes'. Advanced print technology from Ardagh Metal Packaging (AMP) enables the vivid depiction of intricate bird and snake visuals in hues of yellow, gold, and orange on the surface of the cans, resulting in photo-realistic imagery. The contrasting black backdrop enhances the luminous quality of the pictures, accentuating the distinctiveness of the can amongst its surroundings. Moreover, the black shell and tab further intensify the perception of the aluminium cans as a high-quality product, reinforcing its premium image and distinctive character. Jacek Madry, chief commercial...
The US Department of Commerce has reportedly commenced an anti-dumping investigation into aluminium extrusion imports from 15 countries and territories, including Vietnam. The investigation followed a petition filed by the US Aluminium Extruders Coalition and the US Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union with the Department of Commerce on October 4, said the Trade Remedies Authority of Vietnam. The petitioners claimed that Vietnam was the fourth biggest exporter to the US, accounting for 7.6 per cent of the United States total imports from 15 countries and territories in 2022. Mexico was the higher exporter, followed by Colombia and China. Fourteen Vietnamese companies were accused of dumping aluminium extrusions...
Let us collaborate to host a significant event from December 1st-3rd, 2023, at the prestigious Chennai Trade Centre, with a primary emphasis on "New Technologies for Future Growth." This event will bring together a diverse array of over 120 exhibitors, each showcasing their cutting-edge technologies. In addition to the exhibition, we are proud to announce two concurrent conferences, one dedicated to the 'Aluminium Diecasting Industry' and the other to the 'Forging Industry'. These conferences will provide a unique platform for in-depth discussions and knowledge sharing within these specialised sectors. We invite you to be a part of this extraordinary gathering, where innovation, collaboration, and forward-thinking will be the driving forces behind our collective journey towards a...
An ambitious partnership valued at £525k has been established between the Brunel Centre for Advanced Solidification Technology (BCAST) and the metals manufacturer Alloyed. The primary objective of this collaboration is to fine-tune a computer modelling system for the precise identification of customized aluminium alloys. Traditionally, developing new alloys involves modifying the composition of standard alloys and relies on a costly and time-consuming trial-and-error approach based on research. This process can take several years to create an alloy with the desired properties. With financial support from the Engineering and Physical Sciences Research Council (EPSRC), BCAST is set to enhance Alloyed's existing Alloys by Design (ABD ® ) platform. This enhanced platform will analyze and rank...
Magna's Powertrain factory in Kechnec, Slovakia, has been certified against the ASI Performance Standard V3 (2022), according to the Aluminium Stewardship Initiative (ASI). The factory oversees gearbox casting, heat treatment operations, gearbox housing and component machining, and DCT gearbox assembly and testing. This is Magna's sixth Powertrain factory to be certified, and it is the company's first complete V3 accreditation. "We are committed to creating a better world of mobility for all. At the core of our strategic vision lies a deep dedication to environmental stewardship and sustainability, propelling us forward into a future defined by responsible practices. Today's ASI certification of our Kechnec facility and the achievement of Magna's first full V3 (2022) certification...
To keep up with the emerging concept of Net Zero and sustainability, Samsung has decided to collaborate with Emirates Nature-WWF to recycle its end-of-life products. Recycling is a critical aspect of Samsung's sustainability goals as it helps create a material loop along the production line, which in turn is beneficial for the company as the need for purchasing fresh batches of raw materials decreases. Samsung Galaxy devices incorporate pre-consumer recycled aluminium and other end-of-life materials which have been sourced from industrial waste generated during the manufacturing process. Samsung has successfully implemented a closed-loop system for aluminium recycling, which allows them to reuse the material to create new products, reducing the amount of waste that ends up in landfills....
The Shanghai Metals Market, on November 7 witnessed an overall spike in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 50 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we consider the SMM aluminium price on October 31, a week-on-week surge of RMB 90 per tonne or 0.47 per cent can be seen from RMB 19,080 per tonne recorded that day. China’s major provinces have all experienced a boost in aluminium prices with the spot price rising the most in Foshan, Hangzhou and Chongqing by RMB 50 per tonne, to close at RMB 19,200 per tonne in the first city and RMB 19,170 per tonne in the next two. In Wuxi, the aluminium price soared by RMB 40 per tonne halting at RMB 19,170 per...
LME aluminium opened at US$2253 per tonne on Monday, with its low and high at US$2243 per tonne and US$2295 per tonne respectively before closing at US$2286 per tonne, up US$33 per tonne or 1.42 per cent. On Monday, November 6, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$34.5 per tonne or 1.55 per cent to clock at US$2,253.50 per tonne and US$2,254 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price hiked by US$37 per tonne or 1.65 per cent to peg at US$2,278 per tonne and US$2,279 per tonne. December 24 bid price and December 24 offer price ascended by US$29 per tonne to rest at US$2,382 per tonne and US$2,387 per tonne. LME aluminium opening stock settled at 466700 tonnes. Live warrants and...
Ardagh Metal Packaging (AMP), one of the leading global suppliers of infinitely recyclable, sustainable metal beverage cans and ends to brand owners, has released its 2023 sustainability report. The report encompasses the accomplishments of AMP from 2021 to 2022. It highlights the company's recent advancements in using the skills of its workforce to fulfil its environmental performance goals while further establishing its leading role in sustainable practices within the metal beverage industry. The key highlights of the 2023 sustainability report include: The science-based goals programme has adopted reduction objectives for Scope 1, 2, and 3 greenhouse gas (GHG) emissions in 2030 80 per cent of AMP's worldwide manufacturing plants have achieved or are working towards zero waste to...
