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$2,280.5 per tonne last Friday, with its high and low at US$2,314 per tonne and US$2,262 per tonne, respectively, before closing at US$2,278 per tonne, a drop of US$2 per tonne or 0.09 per cent. On Friday, March 17, LME aluminium cash bid price and LME aluminium official settlement price moved down by US$7 per tonne or 0.31 per cent and US$5.5 per tonne or 0.24 per cent to halt at US$2,230 per tonne and US$2,232 per tonne. 3-month bid price and 3-month offer price decreased by US$7 per tonne or 0.30 per cent to peg at US$2,279 per tonne and US$2,280 per tonne. December 24 bid price and December 24 offer price slipped by US$10 per tonne or 0.39 per cent to score at US$2,498 per tonne and US$2,503 per tonne. LME aluminium opening stock came in at 552350 tonnes....
The Paris Agreement is a landmark in the multilateral climate change process because, for the first time, a binding agreement brings all nations together to combat climate change and adapt to its effects, as stated by UNFCCC. The main objective of the Paris Agreement is to enhance the international response to the threat posed by climate change by limiting the rise in global temperature this century to well below 2 degrees Celsius and pursuing measures to further restrict the temperature increase to 1.5 degrees Celsius. The aluminium industry is among the most high-energy intensives in the global manufacturing sector. China is the world's leading aluminium producer, contributing to around 55-60 per cent of the worldwide output. The world's second-largest economy is also taking strict...
The Newfoundland and Labrador government helped a regional social enterprise in the recycling and environmental sectors develop a process for composting and recycling liquid waste. Ever Green Environmental is increasingly managing aluminium beer cans thrown away or not intended for open market sale. Novelis is set to be profiled in John Holden's Emmy Award-winning series EARTH, which airs on Fox Business Network. The Missoula-based AniMeals No-kill Adoption Center and Animal Food Bank is renowned for giving animals the shelter and other support they require. Recycling Works has taken over the organization's long-running aluminium recycling operation. The citizens of Sibu (a city in Malaysia) were encouraged to sell their recyclable old items during the 3R Recycling Programme held in Swan...
Rio Tinto increased its expenditure budget on Australian suppliers to more than A$15.3 billion in 2022 to support communities where it operates. Rio raised its budget by almost 9 per cent than the previous year and equally distributed among more than 6,200 businesses, including Australian-owned and operated businesses and locally owned and managed branches of overseas companies. This kind gesture supported tens of thousands of Australian jobs and contributed to the community growth across the country. Of the total amount spent, more than A$565 million was spent with indigenous businesses across Australia, up by 40 per cent from the earlier year. Kellie Parker, Rio Tinto Chief Executive, Australia, said: “Supporting local businesses in the communities where we operate is a key priority for...
The end-user aluminium sector saw plenty of constructive steps this week, with Ball Corporation making headlines by appointing Daniel W. Fisher as the new chairman of the board and releasing the 2022 Combined Report citing the company’s Climate Transition Plan. Ball also reported the closing of its Wallkill Plant in New York. In the packaging industry, there were stories about Open Water becoming the first aluminium canned water to be circulated at the Oscars 2023. Major brands are shifting toward the use of aluminium for its 100% recyclability, and that does not leave the make-up and luxury firms. Recently, Benefit Cosmetics launched its flagship POREfessional pore concealing range in sustainable aluminium packaging. On the other hand, we came across the piece about Coca-Cola launching...
According to the Shanghai Metals Market, China's primary aluminium inventories massively fell by 56,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. This can be considered a major fall after two months of successive inventory accumulation. On Thursday, March 16, the inventories came in at 1,211,000 tonnes, which in comparison with the second Monday of this month, March 13, hugely plummeted by 35,000 tonnes. The social aluminium inventories built up 121,000 tonnes Y-o-Y but have continuously fallen in the past two weeks. The inventory loss was spearheaded by Foshan, where augmented consumption and dropping prices instigated downstream purchase interests. Output cuts in Yunnan in late February also slashed supply in Foshan. Inventory stocks in Wuxi...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet is normally suitable for alloyed aluminium. As per the data, on March 16, the aluminium billet inventories surged by 6,000 tonnes W-o-W to score at 169,400 tonnes. The figure below provides further information on the current state of aluminium billet inventories in China: As per the data, the inventories in Foshan and Wuxi had hiked by 6,700 tonnes and 2,200 tonnes to halt at 90,500 tonnes and 42,200 tonnes. On the same day, the inventory in Changzhou ascended by 100 tonnes to reside at 3,000 tonnes. Only in Huzhou the inventory plunged by 3,000 tonnes to stop at 30,000. On the other...
Every Can Counts has installed a vibrant rainbow made of used aluminium cans in front of the York Art Gallery in England. This move was to commemorate Global Recycling Day on March 18 alongside advocating the smooth recycling of aluminium cans to induce a circular economy. This awareness drive by Every Can Counts is one of its kind, and it solidifies the non-profit organisation's commitment to a green economy. The aluminium can construct of the rainbow will be displayed until Friday, March 24. It consists of 2,500 aluminium cans which have been given different hues to There is a fun proportion to this entire scenario as Every Can has arranged for a social media photo contest wherein participants may upload their photos with the rainbow in the background and bag a chance to win a £100 York...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices for the third time in a row since the February end. With effect from Saturday, March 18, the company has cut its aluminium ingot price by INR 3,800 per tonne or 1.73 per cent to INR 215,850-219,350 per tonne versus INR 219,650-223,150 per tonne on March 10. NALCO’s aluminium wire rod price has also been reduced by INR 3,800 per tonne on March 18 to sell the product at INR 220,350-224,700 per tonne compared to INR 224,150-228,500 per tonne on March 10 . Aluminium billets price is no exception but also seen a cut of the same amount to come in at INR 220,300-222,950 per tonne as against INR 224,100-226,750 per tonne NALCO links its aluminium ingot and aluminium products prices to the...
One of the leading aluminium industry firms in Sri Lanka, Alumex PLC, has proclaimed the commencement of its flagship loyalty promotion, "Divikavuluwa". The region's leading producer of aluminium extrusions is keen to launch community-based initiatives to strengthen the nation's aluminium fabricators' long-term prospects. The Indian Institute of Metals selected Mr Satish Pai, the managing director of Hindalco Industries, as its president (IIM). IIM is a suitable organisation for India's professional metallurgists. The third quarter of 2022 saw the sale of 892 shares of Kaiser Aluminum Co. by Nuveen Asset Management LLC, a provider of financial advice services, according to the company's most recent Form 13F filing with the Securities & Exchange Commission. The average operating rates of...
The globally recognized world-class provider of high-quality cast house products and foundry alloys, Qamco, has projected a QR1.1 billion capital expenditure for 2023-27. The company will aim at its strategic plans to strengthen its market position and explore new international markets, focusing on enhanced shareholder value. The joint venture between Qamco and Qatar Aluminium, known as Qatalum, is on pace to increase output efficiency while reducing emissions through specialised process optimisation methods. The Qamco board revealed these in a report submitted before shareholders at the general assembly meeting, which approved all the agenda items on March 15, 2023. Abdulrahman Ahmad al-Shaibi, the Chairman of Qatalum, said, "Going forward, Qamco's JV will remain focused on its strategic...
Xingfa Aluminium Holdings, a famous large-scale architectural aluminium profiles and industrial aluminium profiles manufacturer in China, announced its full-year 2022 results ended December 31, reporting a 9.7 per cent year-on-year rise in revenue to RMB 16.9 billion. But it missed analyst estimates by 2.9 per cent. The company’s net income stood down by 48 per cent from FY2021 to stand at RMB 457.8 million at the end of the year, despite an increase in revenue. Xingfa’s profit margin also dropped in FY2022 from 5.8 per cent a year earlier to 2.7 per cent, primarily driven by higher expenses. The company’s earnings per share also missed analyst estimates by 48 per cent. Free cash flow pegged at RMB 184.330 million at the end of 2022, and cash from operations stood at RMB 790.767 million....
This week, the primary aluminium sector has witnessed major impending issues, like the Slovenian aluminium producer Talum’s closed operations, directly affecting the jobs and livelihood of 189 workers. While on the other side, we see €1.2 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) was invested to fund new jobs for 303 Spanish aluminium smelter Alu Ibérica’s ex-workers. Alcoa’s Australian counterpart announced a 75 per cent production drop at its Portland aluminium smelter in Victoria. The US-based aluminium giant also declared the closure of its Intalco aluminium smelter after five years of operations. After a gush of disappointing news, the only positive occurring this week that can be mentioned is the Vedanta-Dalmia collaboration, which enables...
Global Recycling Day was celebrated by Arsenal Football Club and USA’s leading aluminium beverage can producer, Ball Corporation, through the initiation of their social media content series. The series talks about community welfare and sustainability, underlining the fact that good things might happen when one starts recycling. Five recycling heroes from a regional school Colney Training Centre were completely taken aback by the arrival of legendary Arsenal footballers Eddie Nketiah, Matt Turner and Gabriel Martinelli. The 12 years old Gooners belonging to a North London school located close to the Emirates Stadium took an active interest in this year’s ‘Premier League Inspires’ challenge, with sustainability being the main objective behind the drive. The girls saw a great opportunity in...
The voice of the aluminium industry in Europe, European Aluminium welcomed the latest publication of the Critical Raw Materials (CRM) and Net-Zero Industry Acts (NZIA). Together, these ideas mark a long overdue first step towards recognising the necessity for a European industrial strategy that aids in securing access to the raw materials necessary to support the twin transition and many other strategic initiatives. European Aluminium asks authorities to include aluminium in the CRM Act by highlighting its significance and generally acknowledged importance as a strategic raw material in the green transition.. Being a fundamental component of almost all renewable energy technologies prioritised in the Net-Zero Industry Act, such as solar PV systems, wind turbines, grid technologies, and...
Luxury skincare brand Benefit launched its latest range of products in recyclable aluminium packaging . The six-piece POREfessional pore care line was created primarily to lessen, clean up, and smooth out the appearance of pores. The items are delivered in an aluminium bottle with a recyclable pump. The paper used to make the outside box is FSC-certified. Also, the company unveiled their clay mask, Deep Retreat, which came in an aluminium tin. It's encouraging to have an aluminium alternative in the cosmetics industry because most masks of this texture come either in plastic containers or single-sized plastic wrappers. "Over the years we have been able to unlock a lot of skin secrets that maybe people wouldn't necessarily come to Benefit for. During the brow service, consumers have an...
The UK-based canned water company CanO Water has announced partnering with 10 Days, a creative advertisement agency, to participate in a competitive brand pitch. After the post-Covid data was revealed, big players in the canned water sector realised that the demand has grown almost 52 per cent as per the IRI data. This has led CanO to invest in brand growth and marketing. Globally referred to as the first brand that circulated water in aluminium cans, CanO Water was established by three friends after they were horrified by the harmful effects of plastic pollution. In line with active environmental consciousness, CanO launched infinitely recyclable and resealable aluminium cans that induce a sustainable circular economy. Throughout the four-month-long pitch procedure that included top...
Alumil has introduced a new solution for aluminium gates compatible with its flagship SMARTIA FC80 fencing system. Alumil SMARTIA FC80 can be regarded as the brand’s top fencing system. Alumil’s SMARTIA FC80 is exceptionally robust and can support auxiliary decorative materials. This latest addition will further enhance the functionality of the fencing system. The new aluminium gate features a patented “Barcode” design on both sides, arousing the interest of a buyer. On the other hand, the integrated pivot hinges allow smooth and effortless operation, highlighting the company’s mesmerising framework. Moreover, the aluminium gate can incorporate LED lighting and Woodalux® bars, an amalgamation of aluminium profiles with composite wood, which is Alumil’s trademark composition. The new gate...
