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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Meadow, a Sweden-based company, has embarked on a journey to transform one-time-use packaging solutions into sustainable ones for a circular economy. The brand’s latest innovation, a refillable end and dispenser system for aluminium beverage cans, is making headlines for its infinite recyclability. Meadow’s beverage can cartridge follows the usual 330 ml configuration and is made of 100 per recyclable aluminium. This aligns individual users with the company’s goals of transforming the environment into a carbon emission-free zone. Meadow was founded by Nick Paget, Peder Stubert and Victor Ljungberg with a mission to switch all the one-time-use items with sustainable, refillable alternatives. Meadow has a product portfolio inspired by nature, and what can be more commendable than using...
Sabik Offshore, a sister concern of Sedna Wind Technologies and an internationally acknowledged wind farm optimisation specialist, has acquired Weissenborn, an aluminium components maker. This strategic move was planned by Sabik Offshore since Weissenborn manufactures relevant aluminium solutions for transition pieces (TPs), substations and suspended internal structures designated to aid the offshore wind industry. The use of aluminium reduces the weight of the components to a great extent and allows easy installation. Since aluminium is 100 per cent recyclable, the brand is able to maintain a sustainable approach while making its flagship products, inducing a circular economy in the long run. The Managing Director of Sabik Offshore, Morten Christensen, mentioned: "As one of the oldest...
According to a report on April 14, 2023, the Egyptian company for Metal Construction (Metalco) is contemplating building a smelter to meet local and overseas demand, its chief said in a statement on Friday. The project will cost about $2.7 billion for building a capacity of 600,000 tonnes, said Metalco’s CEO Mohammed Al-Saadawi. As per the report, the company is currently negotiating with a potential partner for the project. Arabic Daily Addustour quoted CEO saying the company is evaluating two possible sites for the smelter – the Norther Port Said and Golden Triangle economic zone on the Eastern Red Sea flank of Egypt. “We expect to reach an agreement for the project soon…investments in this project are estimated at $2.7 billion and there are many ways to secure funding,” Saadawi said...
Admiral, the newly launched 55m aluminium and steel superyacht by the Italian Sea Group, showcases interiors designed by Giorgio Armani. The superyacht S-Force Silver Star also has a beach club section with a cutting-edge stairway for easy access to the water, tall, fully-glazed side walls to fend off windy days, and a sizable sunbathing platform. Broker Jean-Claude Carme of TWW Yachts, who was acting as the owner's representative, completed the sale initially scheduled for 2021. The project interprets and fuses the DNA of the two companies to create a distinctive superyacht, and the Armani/Casa interiors were handled by Giorgio Armani and his crew in cooperation with the Admiral Style Centre. "This superyacht is the further result of the exciting partnership with Giorgio Armani, of which...
Asus has vouched to combat the two prevailing concerns for a gamer in handling the phone, battery life and excessive heating. With its new Asus ROG Phone 7 and ROG 7 Ultimate, the brand will change the functionality of a cell phone altogether. The sets arrive with an aluminium body that has pressure-sensitive air triggers embedded within. The company has reconstructed the ROG Phone 6 Pro module a bit to give these new models some upgraded features. Asus ROG Phone 7 and ROG 7 Ultimate have custom-made thermal compounds to divert heat waves from the CPU and an additional vapour chamber with ancillary liquid return channels. With the upgraded characteristics, the brand thinks the latest models will have 168 per cent augmented thermal efficiency, letting the CPU churn at a faster pace for...
According to the Shanghai Metals Market survey, China’s aluminium production in March 2023 (31 calendar days) stood at 3.41 million tonnes, registering an increase of 10.35 per cent month-on-month from 3.09 million tonnes. The data indicates that the monthly rise in March output brought it to the level of January when the domestic aluminium production was 3.42 million tonnes . On an annual basis, China’s aluminium production in March’23 increased by 2.87 per cent from 3.315 million tonnes . China’s aggregate output of aluminium in the first three months of 2023 totalled 9.92 million tonnes, up 4.8 per cent from a year ago. However, the daily average output in March dipped 400 tonnes from the previous month to come in at 110,000 tonnes as enterprises in Yunnan reduced production, and the...
LME aluminium opened at US$2,330.5 per tonne on Thursday, with its high and low at US$2,385 per tonne and US$2,321 per tonne respectively before closing at US$2,363 per tonne, an increase of US$39 per tonne or 1.68 per cent. On April 13, Thursday, the LME aluminium cash bid price came in at US$2,329 per tonne, with a noticeable augmentation of US$71 per tonne or 3.14 per cent and the LME aluminium official settlement price settled at US$2,330 per tonne, heightening by US$71.50 per tonne or 3.16 per cent. The 3-month bid price escalated by US$62.50 per tonne or 2.71 per cent to settle at US$2,364 per tonne, and the 3-month offer price went up the graph by US$63 per tonne or 2.74 per cent halting at US$2,365 per tonne. December 24 bid price and December 24 offer price halted at US$2,550 per...
At a ceremony held on Saturday at Naval Base Ventura County, Port Hueneme, the U.S. Navy officially put a brand-new battleship into service. According to the Navy, the USS Santa Barbara, a so-called "littoral combat ship," or LCS, is a quick ship designed for surface warfare and near-shore and open-ocean naval security. The Navy's 32nd littoral combat ship is the Santa Barbara. It was declared in 2018, baptized, launched, and shipped in July 2022. One of the characteristics of the Independence variation of the LCS class is that it has an aluminium trimaran design. The Freedom, the other version, is a steel monohull. The USS Santa Barbara and its even-numbered aluminium versions are assigned to a squadron headquartered in San Diego. "The city of Santa Barbara is rich in history, spanning...
Weldall, a family-run enterprise hailing from Cannock district, has earned a lumpsum investment of £500,000 to amplify aluminium cladding production and generate more employment. The firm produces aluminium fabricated products and stainless steel items for the construction sector. Weldall has been committed to its business for the last 30 years and was founded by two expert welders. Their sons now run the windows and cladding firm, which has a wide market in London, Manchester and Birmingham. The latest £500,000 in funding will be useful for the company as it has procured a brand-new Bystronic cutting machine recently to enhance the organisation's production capacity by three times. Weldall projects revenue growth of 15 per cent if the business runs accordingly. The investment will also...
On April 11, 2023, the non-ferrous metals prices on the London Metal Exchange (LME) closed a mixed trend. The three-month aluminium futures contract fell 1.3 per cent to $2,302/t, while zinc prices fell 0.4 per cent to $2,779/t. Lead dropped 0.4% to $2,087/t. In the meantime, nickel prices climbed 2.9 per cent to $23,472/t. Copper futures inched up by 0.6 per cent, closing at $8,854/t. According to the Bureau of Labour Statistics, the US has released its March Consumer Price Index (CPI). The re-opening of the Chinese economy has delivered a positive note to the global metal industry. The nation contributes to around 57-60 per cent of world aluminium production. AlCircle’s latest industry-focused report, ‘ Global Aluminium Industry Outlook 2023 ’, unveils that the demand for the primary...
Hardwyn India, a company manufacturing aluminium products and basic architectural hardware, has published a 5 per cent increase in shares after it conducted discussions with the board to consider sub-divisions of equity shares in the next planned conference. Each share pertaining to the company is being sold at INR 10, which reflects only the face value. The stock opened with a 1 per cent hike and remained on the upward strive flashing green numbers till 10.30 AM in a feeble market. The company stock was quoted at INR 265.80, 4.50 per cent higher than usual. As per the documentation laid down by the authorities on March 11, it was stated that the Board of Directors are scheduled to meet on April 26, Wednesday. This meeting will focus on discussions and further decisions on the split of...
A group of U.S. Navy maintainers has been taught how to utilise a method Concurrent Technologies Corp. (CTC) developed for repairing aluminium structures without removing the gear from a ship. The business announced on Monday that staff at the Norfolk, Virginia-based Mid-Atlantic Regional Maintenance Center got training and transition support for the Reverse Sensitization Unit (RSU). Without removing or replacing the sensitised material, sensitised aluminium structures can be restored to their previously unsensitised state while still in situ. Aluminium alloys from the 5xxx family are strong, light, weldable, reasonably priced, and often corrosion-resistant when brand new. Assembling, running, and storing the unit were demonstrated by CTC in line with a NAVSEA-approved, RSU-specific...
RIMOWA has relocated one of its boutiques to enhance business opportunities in Thailand, and on March 29, it celebrated the grand opening. Since 1898, the German brand has excelled in making state-of-the-art aluminium luggage adored by celebrities worldwide. RIMOWA already has five distinct outlets in Bangkok, but the outlet in Thailand’s The Emporium Shopping Centre has received a full makeover courtesy of the brand. Thai celebrities like Jammy James, Supassra Thanachat, Kanawut Traipipattanapong, Tontawan Tantivejakul, and Maylada Susri were all present for the inauguration of this newly refurbished store. The German luxury luggage brand first set foot in Thailand as early as 2020, but this newly opened outlet features a lot of added details. The boutique encompasses an area of 105 sq....
According to a report on Thursday, April 12, Rio Tinto has started the construction work for a capacity increase to casting low-carbon, high-value aluminium billets by 202,000 tonnes at Alma smelter, Quebec. Rio Tinto is expanding its existing casting centre to include new state-of-the-art equipment such as furnaces, a casting pit, coolers, handling, inspection, sawing and packaging systems. The newly expanded centre is scheduled to begin operation in the first half of 2025. The report states the project involves an investment of C$240 million. It also states the facility will use renewable hydroelectric power to make aluminium billets. Rio Tinto expects the expansion will make the company more capable of meeting the anticipated growing demand for aluminium billets from North American...
On April 11, the 29 members of Alupro wrote a letter to Thérèse Coffey MP, Secretary of State for Environment, Food, and Rural Affairs, urging her to take immediate action to ensure that a deposit return scheme (DRS) in England, Wales, and Northern Ireland further increases aluminium recycling rates without jeopardising the market. Alupro and its members, who speak for the aluminium packaging industry, seek a DRS that is fair and equitable and doesn't undermine the already effective recycling system for aluminium beverage containers. "From an aluminium perspective, whilst we welcome the publication of the government's response, we were disappointed by several elements of it – particularly the decision to exclude glass bottles despite widespread support for a scheme including them evident...
The price of imported aluminium scrap in India fell marginally, influenced by price movements on global commodities exchanges such as the London Metal Exchange (LME) and the Multi Commodity Exchange of India (MCX). These are recognised to have an impact on both the domestic and international markets in India. As a result of the major commodity exchanges being closed for Good Friday and Easter, and then it was a weekend, relatively few transactions had been reported in the international market during the past few days. Furthermore, trading channels observed a modest bid-offer imbalance in the market. Buyers have considerably lowered their bids for aluminium scrap by $40-60/t, resulting in weaker demand for the material in India's aluminium market. Additionally, it was reported that scrap...
According to the Shanghai Metals Market, China's production of metallurgical-grade alumina in March 2023 (31 calendar days) increased by 8.5 per cent month-on-month to total 6.64 million tonnes. In February (28 calendar days), the output stood at 6.12 million tonnes versus 6.37 million tonnes in January. The data indicates that China's domestic alumina production in March stood at the highest in Q1, registering an increase of 4.24 per cent from January (31 calendar days). In the first three months of 2023, China's domestic metallurgical-grade alumina output totalled 19.13 million tonnes – 5.74 per cent more than 18.092 million tonnes during the corresponding period of the previous year. On a year-on-year basis, China's alumina output in March '23 edged an increase of 4.7 per cent from...
Knest, one of the globe’s fastest-growing Indian firms producing aluminium formwork, has signed Rahul Dravid as its Brand Ambassador. The Indian legend will pose as the face of the brand as it thrives on discovering potent business avenues worldwide. Knest provides sustainable, innovative and safe constructional aid to many developmental projects on a global scale. The company is hailed for making robust aluminium formwork required for construction and other formative purposes. As it is already known, aluminium is infinitely recyclable, making it one of the most sustainable non-ferrous metals. Rahul Dravid, more fondly known as ‘The Wall’ in Indian cricket, has contributed lifelong to the betterment of the game. The fame the sport has in the continent can be majorly attributed to the...
