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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LME aluminium opened at US$2,329 per tonne last Friday, with its high and low at US$2,364.5 per tonne and US$2,312.5 per tonne respectively before closing at US$2,344 per tonne, an increase of US$17.5 per tonne or 0.75 per cent. On March 24, Friday, the LME aluminium cash bid price and the LME aluminium official settlement price refrained from any change remaining calm at US$2,264 per tonne and US$2,265 per tonne. The 3-month bid price and the 3-month offer price slipped by US$0.50 per tonne or 0.02 per cent, stopping at US$2,312 per tonne and US$2,313 per tonne, respectively. December 24 bid price and December 24 offer price halted at US$2,513 per tonne and US$2,518 per tonne with a drop of US$7 per tonne or 0.28 per cent. LME aluminium opening stock experienced a rapid loss of 6,225...
On March 23, 2023, the leading manufacturing company in Nigeria producing and marketing extruded aluminium products, Aluminium Extrusion Plc, revealed its Audited Financial Statement for the year ended December 31, 2022. Aluminium Extrusion Industries Plc (NIGALEX) reported a 12-month turnover of N2.637 billion, a slight increase of 0.07% over the N2.635 billion reported in 2021. NIGALEX has a 5000-tonne annual capacity for aluminium extrusion products and manufactures profiles in press finish, wood finish, silver and bronze colour palettes, and modern powder-coated forms. The Company, which is located in the largest economy in the African continent, reported a PAT of N48.529 million for the period under review, down by 27.5 per cent from N66.941 million in the existing year. The company...
According to the Shanghai Metals Market, China's primary aluminium inventories have witnessed a considerable slump of 85,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 23, the inventories came in at 1,126,000 tonnes, which in comparison with the third Monday of this month, March 20, plummeted by 38,000 tonnes. The social aluminium inventories built up 85,000 tonnes Y-o-Y but have continuously fallen 143,000 tonnes from the highest recorded number in March. Lesser cargo arrivals in South China have directly resulted in major market drops. Though East China reported smooth warehouse outflows, stringent downstream demands primarily disrupted the trade sector in Gongyi and Henan. Last week, on March 16, the primary aluminium...
The most cutting-edge professional compression moulding and aluminium extrusion service for the industrial industries was launched by NICE Rapid. The procedure was identified as a tried-and-true way to reduce expenses and boost output. Uniformity Labs and Tekna expanded their collaboration for laser powder bed fusion (L-PBF) applications. By the terms of the agreement, Tekna will give Uniformity the aluminium-based alloy AlSi10Mg needed to make the sophisticated, ultra-dense AlSi10Mg powder used in additive manufacturing. The president of Lorin Industries Inc., the industry pioneer in aluminium coil anodizing, Park Kersman, was elected to the board of the Aluminum Anodizers Council. Park Kersman brings with him a wealth of knowledge in anodizing aluminium. The chairman of Hindalco...
The Indian state-owned integrated aluminium company, National Aluminium Company Limited (NALCO), has successfully developed a Bauxite Certified Reference Material (CRM) naming as BARC B1201 in collaboration with Bhabha Atomic Research Centre (BARC). BARC is a multi-disciplinary research centre with extensive infrastructure for advanced research and development covering the entire spectrum of nuclear science, chemical engineering, material sciences and metallurgy, electronic instrumentation, biology and medicine, supercomputing, high-energy physics and plasma physics and associated research for Indian nuclear programme and related areas. The CRM developed by the two premier Govt. of India organizations is the first of its kind in India and the fifth in the world. For several years, the two...
France's Danone is sourcing more aluminium and whey from regions of Asia, a move that experts warned might reduce prices but potentially annoy European suppliers. The dairy behemoth has mostly relied on Europe for its raw ingredients. It produces Activia yoghurt, Aptamil baby formula, and Evian water. But the business is trying to control costs and safeguard profits due to cost inflation, which started with Covid-19 period bottlenecks before getting worse during the Ukraine crisis. According to Vikram Agarwal, the COO of Danone, the company is importing ingredients like aluminium, plastic, whey and, maltodextrin, paper packaging from outside of Europe. "We had already started the program before the Ukraine war, and consequent supply risks and rising costs in Europe have made this even...
Norsk Hydro, the leading industrial company committed to a sustainable future, appointed Martine Rambøl Hagen as the new Head of Investor Relations, effective May 1, 2023. She will be in charge of communicating with investors and the financial markets on behalf of Hydro. Rambøl Hagen previously served as Investor Relations Manager for the firm. Since joining Hydro in 2015, she has held various positions in Aluminium Metal, including head of performance and control, controller, and analyst. She holds a master’s degree in Industrial Economics and Technology Management from the Norwegian University of Science and Technology. She will report to Pål Kildemo, the Executive Vice President and CFO. Rambøl Hagen succeeds Line Haugetraa, who will take on a position as Mergers and Acquisitions...
The end-user sector has been bustling with activities this week, with computer genius Acer launching its first ebii e-bike featuring Artificial Intelligence (AI) technology and a robust aluminium alloy framework. Britvic has invested £13 million to introduce a fifth canning line at its Rugby facility. South Korean battery material maker Posco Future M has begun constituting a nickel-cobalt-aluminium (NCA) cathode facility with a 30,000 tonnes per year production capacity in Yeongil Bay, with a capital investment of 392 billion (US$299 million). Rimowa, in partnership with German music and equipment producer (GEWA), has launched a special edition violin case sporting the flagship anodised aluminium look of the luxury brand. A sixteen years old stolen supercar was recovered from the river...
Global bauxite production is estimated to reach 393 million tonnes in 2023, a growth trajectory expected to continue in the following years, according to AlCircle's latest industry-focused report, ' Global Aluminium Industry Outlook 2023 '. As a result, there will be a 2.6 per cent increase over 2022, primarily driven by the two largest bauxite producers in the world, viz. Australia and Guinea. Investing in capacity and ramping up production will drive this increase. Companies have taken up the goal of achieving carbon neutrality for operations as part of their sustainable efforts to maintain the environmental balance. The ' Global Aluminium Industry Outlook 2023' also revealed that in 2022, global bauxite production increased by around 4.1 per cent, compared to a growth of 2.4 per cent...
The advent of the Paris Act of 2015 has led global energy-intensive industries are adopting more sustainable ways to carry forward their business. Last week, Ball uploaded its Climate Transition Plan aligned with the most current UN guidelines. Vedanta Aluminium has begun circulating sustainability protocols to restore the water bodies in the vicinity according to the 6th UN Sustainable Development Goal of 'Clean Water and Sanitation'. SMX has developed a technology that can trace aluminium throughout its lifespan using molecular-level tagging and blockchain technology, making it simpler to recycle and reuse. On Wednesday, March 15, Constellium SE, a global producer of aluminium rolled products, extruded products and structural parts, published its 2022 Sustainability Report noting that...
Vedanta Limited added INR 2,250 per tonne to its aluminium ingot and aluminium products prices on March 24 after two consecutive cuts last week. This week's hike brought the company’s aluminium ingot price to INR 215,750-246,250 per tonne versus INR 213,500-244,000 per tonne on March 18. Vedanta’s aluminium billet price stood at INR 224,750 per tonne on Friday, March 24, compared to INR 222,500 per tonne a week ago . Aluminium wire rod price settled at INR 223,250-230,750 per tonne in contrast to INR 221,000-228,500 per tonne last Saturday, March 18. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which climbed US$27.50 per tonne or per cent during March 20-23 per tonne from US$2,237.50 per tonne to...
As part of the United States administration's effort to exempt aluminium and steel exports from the carbon border levy (CBAM), a broader metal accord may be complicated by the allies imposing tariffs and retaliatory measures on each other's goods that could result in billions of dollars in tariffs and retaliatory measures. However, according to our source from North America, it's implausible that the EU will accord to the American request since the bloc's legislation has yet to permit this type of provision readily. Such a move would likely violate World Trade Organization (WTO) rules. After agreeing to temporarily suspend tariffs imposed by former President Donald Trump on national security grounds, the White House and the EU are working on a global agreement on sustainable aluminium and...
To assist the communities where it works, Rio Tinto upped its budget for spending on Australian suppliers to more than A$15.3 billion in 2022. Over 6,200 firms, comprising Australian-owned and run companies and locally owned and controlled offices of foreign corporations, shared an increase in the budget of over 9 per cent from the previous year. According to customs statistics, China imported 374,321 tonnes of unwrought aluminium and goods in the first two months of 2023 compared to 336,007 tonnes in the same time last year. These items included raw metal and unwrought, alloyed aluminium. According to the International Aluminium Institute, Africa's primary aluminium output in February 2023 was 130,000 tonnes, a decrease of 13,000 tonnes or 9.09 per cent month-over-month. Rio Tinto...
Hindalco Industries Limited has elevated its aluminium ingot and aluminium products prices on Friday, March 24, following a cut about a week earlier. With effect from March 24, the company has increased its aluminium ingot price by INR 2,000 per tonne to INR 214,750 per tonne. Last Saturday, March 18, the ingot price stood at INR 212,750, down by INR 1,250 per tonne from 214,000 per tonne on March 16. On March 24, Hindalco’s aluminium wire rod price has also experienced an increase of INR 2,000 per tonne, following a cut of INR 1,250 per tonne last week, which brought the price to INR 223,850 as of March 18. With the hike this week, the company’s wire rod price stands at INR 225,850 per tonne. Hindalco’s aluminium billets price is no exception but seen a rise of INR 2,000 per tonne to...
A Trash4Cash kiosk has been installed at Padang Lintau in Manjoi, located in the Malaysian city of Ipoh, so that locals can receive rewards for the recyclable waste they turn in. Some accepted items are plastic containers, paper, cardboard boxes, electronic scrap, used cooking oil and aluminium cans. The people interested in the recycling drive need to download and register on the Trash4Cash mobile app so that the customers can redeem the reward points accumulating in the profiles. Moreover, they can write their names and phone number on a tag provided at the kiosk that can be stamped on the recyclables. The kiosk will offer payments in alignment with the market rate. Used cooking oil will fetch a person RM 2.50 per kg; plastic containers are valued at 40sen per kg, old newspapers are...
Aluminium Stewardship Initiative (ASI) announced the joining of Hindalco Industries Limited-Kuppam Works as its new Production and Transformation member. An integrated facility with aluminium extrusion presses, anodising, powder coating, and fabrication facility, Hindalco Industries Limited Kuppam Works is a one-stop production solution for extrusion profiles for the B&C, industrial, automotive, and solar segments. The Kuppam factory, around 120 kilometres from Bengaluru, provides specialised aluminium extrusion goods and services for the automotive, building & construction, and industrial markets. It would increase Hindalco's presence in South India, the country's second-largest extrusions market. "ASI Certification will strengthen the sustainability initiative of Hindalco Industries...
Ardagh Metal Packaging (AMP), the international supplier of sustainable and recyclable aluminium and glass packaging solutions for brand owners worldwide, will make a social effort to improve the working conditions and income of about 30 collectors in the city of Alagoinhas. The initiative will be carried out on March 25 at the Cooperative of Collectors and Recyclers of Alagoinhas through a partnership with the NGO Pimp My Carroça, founded by artist Mundano. "This pioneering project is part of our goal of contributing to the social and economic impact of recycling, valuing the work of cooperatives and their collectors. With this, we seek to promote empowerment and well-being to the local community, with the reaffirmation of the commitment to sustainability in all regions where we...
Vedanta Aluminium, in adherence with the 6th UN Sustainable Development Goal of 'Clean Water and Sanitation', has skilfully recycled 12.5 billion litres of water in February alone. Honouring World Water Day, the company has also found the momentum of constructing a new Sewage Treatment Plant (STP) with 440-kilo litres per day (KLD) capacity at the Jharsuguda aluminium smelter. Once optimised the upcycled water from the facility will be reused in operations within the plant, cutting down the fresh water intake by 15 crore litres annually. This reinserts the organisation's commitment to be Net Water Positive within the upcoming ten years. Vedanta has proposed to utilise high-end technology and show extreme perseverance in leaving behind a sustainable water footprint. During the week before...
