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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According to a recent study commissioned by European Aluminium, the voice of the aluminium industry in Europe and completed by Ducker Carlisle, a global consulting and M&A advisory company with an unrivalled continuum of insights, benchmarking, and strategy solutions has found that the average quantity of aluminium used in European cars rose by 18 per cent from 174 kg in 2019 to 205 kg in 2022. The report predicts that this trend will continue, with the average amount of aluminium in a car rising from 205 kg in 2022 to 237 kg by 2026 (+15.6 per cent) and 256 kg by 2030 (+24.9 per cent). According to the survey, the automotive industry's move towards lightweighting and electrification is generating a large growth in aluminium content. Electric vehicles, in particular, add to this...
Swiss International Air Lines has formed an alliance with Oatly to serve the brand’s flagship plant-based products mid-air in sustainable aluminium cans. The Oatly Caffè Latte is for lactose intolerants and healthy eaters who cannot choose soy milk over dairy milk for incredible benefits. The drink uses oat milk which is quite rare in conventional health drinks. The drink, now available in endlessly recyclable aluminium cans, curtails the carbon footprint left by the company in its supply chain, safeguarding landfills against excessive waste accumulation. The Oatly Caffè Latte will be served on all Swiss International Air Lines routes in 235ml sleek aluminium cans. The drink is vegan with all its soy-free, nut-free, and lactose-free qualities, making it imperative for passengers with...
There has been a great scientific discovery that might help future quantum physicians to develop feasible technologies, and the most important part is aluminium plays a significant role in that. The study on Y-ball or "strange metal" has revealed that the substance might be critical in producing quantum technologies in the future. Researchers at Rutgers University have laid out theoretical probabilities wherein the Y-ball containing elements like ytterbium, aluminium, and boron can be key to developing such technology. Y-ball, technically known as YbAlB4, which belongs to a clan of "strange metals", is crucial for creating superlative quantum materials. "Strange metals" are elements that do not abide by Fermi's liquid theory, which analyses the attitude of electrons in ordinary metals at...
The Paris headquartered global cable and optical fibre company Nexans is introducing the French market's first low-carbon distribution grid cables. The Group has reduced the greenhouse gas emissions of its low- and medium-voltage cables by 35 per cent to 50 per cent, depending on the product, by using a holistic approach throughout the value chain and the cable life cycle. Nexans has played a crucial role in the electrification of the planet and has been committed to electrifying the future. This deal is based on an assurance to manufacturing the cables using low-carbon aluminium, recycled plastic, as well as renewable or decarbonized energy sources. All participants in the chain will have access to the CO 2 data of these cables, allowing them to keep track of and reduce their carbon...
Almost three decades ago, the ThinkPad Laptop debuted in the electronics market but was purchased by Lenovo from IBM in 2005. To celebrate the birth anniversary of the brand, Lenovo has bestowed the responsibility of developing a new ThinkPhone to its mobile phone division Motorola. The Motorola engineers were tasked with traversing the original idea of ThinkPad into the compactness of a mobile phone. They successfully charted the design with Mil-spec (810H) and IP (IP68) ratings, which means the devices are immune to sudden impact and are water resistant. These ideas have emerged from the father ThinkPad model. For such advanced ideation, the experts have used an Aramid Kevlar fibre weave on the hind side, a product more robust than steel. The structure has then been supported with an...
Global non-ferrous metal prices, including aluminium, witnessed a downfall in April 2023. Despite the fall of aluminium inventories in LME warehouses and also China, prices still remained on the downtrend. The resumption of the Chinese economy during the latter part of the year 2022 anticipated positivity to the industrial market, but the economic slowdown of the Chinese market has resulted, to an extent, in the downfall of the prices. The production cut in China's Yunnan province continues due to the hydropower crisis, as the region has not received sufficient rain as it used to. Weather experts have forecasted this might continue for the year. Inflation and the fear of recession in the Western world might also cause low demand. Sustainability remains a crucial subject in the global...
Aluminium Stewardship Initiative has reportedly acknowledged Jiangsu Goka Light Alloy Co., Ltd. with the Performance Standard V2 (2017) Certification for producing aluminium extrusion profiles at Xiangshui County Industrial Park, Yancheng City, Jiangsu Province, China. Established in 2020, Jiangsu Goka Light Alloy Co., Ltd. produces aluminium extruded products in various alloys for the automotive sector, including crash alloy, high electrical conductivity 6XXX alloy, high strength 6XXX alloy, and high strength 7XXX alloy. It has an annual design capacity of 35,000 tonnes. Spread across 44,000 square metres, the factory houses world-class advanced production and test equipment imported from Europe. On receiving the ASI certification, Bin Luo, General Manager of Goka Light Alloy, said:...
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) data, Iran’s aluminium ingot production during the calendar year 1401 (ended March 20, 2023) stood at 632,166 tonnes. On a year-on-year calculation, Iran’s primary aluminium output edged an increase of 17.36 per cent from 538,633 tonnes, showed IMIDRO. In the preceding year, Iran’s aluminium ingot output had reflected a rise of 20 per cent. Among the country’s four major producers, South Aluminum Corporation (SALCO) produced the highest aluminium ingot of 270,185 tonnes, followed by Iranian Aluminum Company (IRALCO)’s output of 178,077 tonnes. Almahdi Aluminum Company produced 147,749 tonnes, and Iran Alumina Company churned 36,155 tonnes of aluminium ingot. IMIDRO data indicated that...
SDE Technology recently welcomed Robert Joyce as its inaugural non-executive advisor. With a wealth of experience as a supply chain specialist at renowned companies such as BMW, Rover and Jaguar Land Rover, Joyce is a highly respected expert in the automotive industry. SDE Technology believes this will enhance the company’s aluminium components-making abilities while creating 20 new job opportunities. The Shrewsbury-based manufacturer has a distinct client base of renowned carmakers for whom it provides precisely engineered pressings and assemblies. Robert Joyce will be responsible for the company’s new venture into modernistic ideas, including electrification and lighter components that create the latest car shapes. The managing director of SDE Technology, Richard Homden, stated: “This...
According to the International Aluminium Institute, the world alumina production stood at 11.417 million tonnes in March 2023, bringing the total output in the first quarter of the year to 33.175 million tonnes. Hence, the quarterly output ended March 31 decreased by 5.5 per cent quarter-on-quarter from 35.090 million tonnes and dropped 1.14 per cent year-on-year from 33.556 million tonnes. The monthly production of alumina in March 2023 stood 10.44 per cent higher than 10.338 million tonnes in February but edged a slight fall of 0.89 per cent from 11.519 million tonnes in March 2022. The world’s daily average production of alumina in March 2023 was 368,300 tonnes – 0.24 per cent less M-o-M than 369,200 tonnes and 0.89 per cent Y-o-Y from 371,600 tonnes. In China, alumina production...
The century-old iconic Italian luxury and high-performance car manufacturer Alfa Romeo is on the path of rapid transformation, with bold plans for the classic Italian brand – which observed its 113th anniversary in 2023, to be entirely electric by 2027, following the road to a zero-carbon future. The Tonale SUV debuted in 2022, driven by a 1.5-litre petrol engine with mild-hybrid technology. However, Alfa has now released a plug-in hybrid (PHEV) version, significantly boosting the Tonale's performance. The PHEV is a significant feature when considering the possibility of increased efficiency and pure electric driving. A six-speed automatic gearbox with huge aluminium metal paddle shifters. A 180hp 1.3-litre four-cylinder petrol engine powers the new Tonale's front wheels. A 90kW electric...
Impact Minerals has secured definitive commitments from its two major owners, the Bunnenberg Family Office and ABC Beteiligungen, to fund $4,000,000 via a placement at 1.2 cents per share to speed up the development of Lake Hope High Purity Alumina (HPA) project in Western Australia, in which the business recently announced an option to acquire an 80% stake by completing a Pre-Feasibility Study (PFS). "Since announcing the acquisition, our work has confirmed the project's significant potential, and we have now exercised the option to earn an 80% interest by completing a Pre-Feasibility Study. With the new funds, we can now accelerate this study and produce final products that can be provided to potential customers for qualification testing. We have already made considerable strides in...
In the 17 th week of 2023, non-ferrous metals prices on the London Metal Exchange (LME) stayed negative. However, despite modest transactions, the market started to decline. All major non-ferrous metal stocks at LME-registered warehouses decreased by up to 2.9 per cent week over week. But copper increased by 24.4% to 64,550 tonnes. The dollar index, which evaluates the dollar's value concerning a basket of six foreign currencies, was at 101.67, remaining steady from the previous week. In March, people's income in the United States increased by 0.3 per cent or $67.9 billion, and their disposable income increased by 0.4 per cent or $71.7 billion. People spent slightly more money, with personal consumption rising by less than 0.1 per cent or $8.2 billion. The price of goods and services...
A senior executive from one of the American multinational auto majors stated that the conflict would be more about talent than technology. He quoted the lines while discussing using engineering skills in a disruptive period with rising industry player competition. In a recent interview, one of the top Indian technology executives who has been in the industry for almost four decades and attached to the country’s major automaker said whatever technological progressions in the previous decade will be and have been avant-garde in the automobile sector. He added that the coming ten years would be much more challenging but would be stuffed with opportunities and an exciting phase for the global auto sector. While talking about the customer’s viewpoint, he said customers are growing more...
The leading and award-winning developer based in Dubai, UAE, Azizi Developments has partnered with Peri, the German manufacturer and supplier of formwork and scaffolding systems, for its Beachfront 1 project, which is regarded as a crucial component of its upscale waterfront Riviera project. Beachfront 1 is a three 14-story complex in MBR City that offers 252 studios, 84 one- and two-bedroom residences, and 19 retail spaces for 439 units. PERI has one of the world's most comprehensive ranges of formwork systems, not to mention a wealth of expertise in the formwork business. PERI, a family-owned company, has been in the market for over 50 years and has always been a trendsetter regarding formwork technology. According to the latest AlCircle industry-focused report, ' Global Aluminium...
On Thursday, April 27, the domestic aluminium billet social inventory plunged by 10,600 tonnes W-o-W to stand at 142,000 tonnes . Foshan and Wuxi were the primary contributors to the drop in stock, while other locations saw little to no movement in their inventory. This week, the weekly average shipments out of social warehouses in major markets decreased by 3,700 tonnes on a weekly basis, bringing the total to 41,000 tonnes. Most downstream businesses hardly stocked up in preparation for the upcoming Labour Day vacation because they were confident that their raw material supply would be sufficient to maintain output throughout the holiday week. The figure below provides further information on the current state of aluminium billet inventories in China: As per the SMM data, the inventory...
The Japanese multinational automobile conglomerate Honda has officially announced that they are developing a specialized electric vehicle platform. The future EV platform is planned to give birth to a mid to large-size model, with a global delivery date of 2025. During a recent presentation on the company's future objectives, the senior executive of the auto giant shared this excellent news. Electric vehicles (EVs) have brought big-time attention to the global aluminium industry. Each EV uses about 250 kg of aluminium worldwide on average. The EV sector is very much for metal aluminium since it is not only one of the most affordable materials but also one of the lightest. It helps lower the structure's overall weight while preserving strength. For instance, the Tesla car models use about...
On Friday, April 28, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$38.5 per tonne or 1.67 per cent and US$40 per tonne or 1.73 per cent to settle at US$2,340 per tonne and US$2,342 per tonne. LME aluminium 3-month bid price and 3-month offer price expanded by US$32.5 per tonne or 1.40 per cent and US$34 per tonne or 1.47 per cent to peg at US$2,342 per tonne and US2,344 per tonne. December 24 bid price and December 24 offer price increased by US$35 per tonne or 1.40 per cent to stand at US$2,522 per tonne and US$2.527 per tonne. LME aluminium opening stock came in at 568500 tonnes. Live warrants and Cancelled warrants were recorded at 491675 tonnes and 76825 tonnes. LME aluminium 3-month Asian Reference Price decreased by US$0.18 per tonne to...
