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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Glencore, one of the world's largest globally diversified natural resource companies, has reportedly entered into a partnership with scrap brokerage Zeb Metals to advance its aluminium scrap and dross recycling operation at a new plant in South Carolina, USA. The plant is scheduled to commence production by the end of 2023, with two rotary furnaces to recycle aluminium dross and industrial scrap for regional consumption. Glencore has a long experience in copper scrap and precious metal scrap recycling at facilities in the United States, Canada, Italy and Chile. Now it will debut in aluminium scrap recycling when the industry is seeing the highest investments in decades. "Recent government policies, such as the US Inflation Reduction Act (IRA) and the EU's proposed Green Deal Industrial...
Canifesto, a new campaign to promote the use of aluminium beverage cans, has been started by five ready-to-drink (RTD) brands to disprove the notion that customers don't prefer drinking from cans by highlighting their environmental friendliness. The Canifesto, an open letter highlighting the benefits of aluminium cans like minimization of waste, lower expenses, and free up time for the hospitality stage, has been launched by The Uncommon, Jukes, MOTH Beverages, Longbottom, and TRIP. The open letter uses market data supporting sustainability to persuade hospitality leaders of the benefits of the can. "Cans help us significantly reduce road miles and carbon emissions. For our customers, serving from an RTD (ready-to-drink) can support speed of service, where access to quality drinks like...
Vedanta Limited elevated its aluminium products prices by INR 4,500 per tonne on Thursday, March 2, after the last revision about a week ago on February 25. The latest hike has brought the company’s aluminium wire rod price to INR 233,000-240,500 per tonne versus INR 228,500-236,000 per tonne on February 25. Vedanta’s aluminium billet price stands at INR 234,500 per tonne, with effect from Thursday, March 2, compared to INR 230,000 per tonne on February 25. The company’s aluminium ingot price experienced no exception but saw an increase of INR 4,500 per tonne from INR 221,000-251,500 per tonne on February 25 to INR 225,500-256000 per tonne on March 2. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the Londom Metal Exchange, which...
The Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, reported that participation in aluminium futures is likely to have a strong start in 2023. As per the reports, the average daily volumes (ADV) for aluminium futures in February recorded a four-fold Y-o-Y surge of 300 per cent to 3,161 contracts. The average daily open interest of the 2,549 contracts hiked by 711 per cent Y-o-Y and is expected to last through 2024. According to the computation, about 79,025 tonnes of aluminium were traded on the CME's futures market in February. Each physically deliverable CME contract equals 25 metric tonnes. "We are pleased to see that strong momentum in our Aluminum markets has continued into 2023, and we look forward to helping more participants across the base metals...
To commemorate National Science Day, India's largest aluminium producer Vedanta Aluminium organised a visit for Women's Degree College students to their mega aluminium smelter at Jharsuguda to learn and experience the 'Science of Aluminium' as part of the Campus Connect Programme. The aim was to inspire students to pursue higher education in science, technology, engineering, and mathematics (STEM) and opt for careers in the manufacturing industry. Vedanta's Science of Aluminium is a unique initiative to enable students to witness the concepts live that they may have learnt theoretically. Employee volunteers demonstrated scientific concepts behind aluminium production, such as Bayer's, Hall-Héroult, power generation, and casting processes. Vedanta also wants to encourage female students,...
The German aluminium tube manufacturer with more than 70 years of presence, Tubex has managed to be among the first 50 packaging companies worldwide to have their GHG emission reduction targets approved by the Science Based Targets initiative (SBTi). The approval of the short-term emissions reduction goals by SBTi is a significant milestone for the company's sustainability roadmap. SBTi has evaluated and certified Tubex Aluminium Tubes' group-wide near-term reduction objectives for greenhouse gas (GHG) emissions. The company's scope 1 and 2 objective ambition has been categorised by the SBTi, which has decided that it is consistent with a 1.5°C trajectory. These include emissions from the operations of Tubex Aluminium Tubes and those in the supplier chain (scope 1, 2 and 3). "Our...
The Joko Widodo lead Indonesian government affirms that bauxite export would be prohibited from June this year. It is prepared to cope with the repercussions, including handling World Trade Organization (WTO) concerns from other nations. Bara Krishna Hasibuan, the Indonesian Trade Ministry's special staff for international trade agreements, said, "The government would not back down on the ban plan . As is known, China is Indonesia's largest export market for bauxite ore, meaning that both countries will likely go head-to-head in a WTO dispute settlement." He added, "President Jokowi said he was ready for the consequences. The Trade Ministry is also prepared to deal with any WTO dispute." However, prohibiting bauxite exports will significantly impact China, as bauxite ore exports to China...
Three-month LME aluminium opened at US$2,441.50 per tonne on Thursday, March 2, and closed at US$2,395.50 per tonne, down US$48.50 per tonne or 1.98 per cent. LME aluminium cash bid price and LME aluminium official settlement price continued to grow but at a much lower rate. The former grew by only US$3.50 per tonne to stand at US$2,365.50 per tonne as of March 2 and the latter inched up by US$2.50 per tonne to close at US$2,366.50 per tonne. Both 3-month bid price and 3-month offer price increased by US$4.5 per tonne to rest at US$2,410 per tonne and US$2,411 per tonne, respectively. December 24 bid price and December 24 offer price climbed US$12 per tonne to peg at US$2,605 per tonne and US$2,610 per tonne. LME aluminium opening stock totalled 546825 tonnes, losing 3,275 tonnes from the...
The London Metal Exchange (LME) has announced that it will suspend the issuance of warrants for aluminium metal of Russian origin from the exchange's warehouses in the United States immediately. The United States announced new tariffs on Russian aluminium on February 24 as the impetus for this action. A 200% duty was imposed on Russian-origin aluminium as well as aluminium products manufactured in third countries from metal melted in Russia. Furthermore, beginning April 1, a 70% import duty will be imposed on Russian-origin copper, nickel, lead, and aluminium alloys. LME reports that US warehouses have no Russian primary aluminium, copper, nickel, or lead. Only NASAAC (400 tonnes) exists, for which no delivery obligations exist. The exchange is suspending the use of warrants for this...
Aluminium without CO2 emission can be touted as one of the most crucial aspects of climate goals. Developing zero-emission technology for aluminium production can be called the need of the hour in which Hydro has developed a groundbreaking technology called HalZero, which can help produce primary aluminium without greenhouse gas emissions. As per the reports, Hydro's HalZero manufacturing technology will invest in a new testing facility, supported by the government of Norway. With this move, Hydro is on schedule to provide zero-carbon primary aluminium pilot production by 2030. "We know that demand for aluminium will increase, and aluminium without CO2 emissions will mean a lot for the climate goals. Today, the aluminium industry accounts for 2 percent of the world's CO2 emissions. We are...
Yamaha Motor Company, a Japanese multinational manufacturer of motorcycles, has started using green aluminium for manufacturing vehicle parts, with effect from February 2023. Yamaha is the first Japanese motorcycle company using aluminium. It has reportedly entered into a new agreement with an aluminium ingot supplier to source the metal. Green aluminium is aluminium produced using renewable energy to reduce carbon emissions in its manufacture. Aluminium parts account for 12 to 31 per cent of the total weight of a motorcycle. So, using green aluminium for motorcycle parts is an effective way to curb CO2 emissions from the vehicle. Yamaha has said it is actively using recycled aluminium for its vehicle parts leveraging advanced technologies and expertise. So, now the use of recycled...
The Players Championship, or the annual golf tournament organized by the PGA tour, has been an ardent supporter of sustainability and recyclability. As per the reports, this year, they will introduce aluminium Sawgrass Splash Cup, which can be taken home by the fans as souvenirs or given up in recycling. Students from Flagler College and the University of North Florida will be coming forward for the recycling endeavour. According to a PGA Tour spokeswoman, the students are voluntarily joining the competition's Green Team. They will improve the tour's sustainability initiatives by assisting spectators with correctly disposing of food and beverage containers, pairing papers, and other items. Brazos Barber, the senior manager at PGA Tours, stated the inclusion of the recyclable 16 oz....
According to the US Geological Survey, India imported 102,900 tonnes of aluminium scrap from the United States during the fourth quarter of 2022, which reflected a sequential downfall of 20.11 per cent from 128,800 million tonnes in Q3 2022. In total, India imported 231,700 million tonnes of aluminium scrap from the US during the second half of 2022, up by 2.07 per cent from 227,000 million tonnes in H1 2022. In December 2022, India sourced 33,300 tonnes of aluminium scrap from the United States, compared to 28,800 tonnes in November. That represented a month-on-month growth of 15.63 per cent, found USGS. But on a year-on-year calculation, the import volume stood 21.28 per cent less than 42,300 tonnes. In the full-year 2022, India’s aluminium scrap imports from the US totalled 459,000...
The global aluminium industry in February 2023 witnessed some important announcements. The Russia-Ukraine geopolitical crisis marked one year in February 2023, which resulted in the White House pushing the Russian economy with new sanctions. The United States imposed a 200 per cent tariff on importing Russian aluminium into the country, including extrusion products. The other important announcement was the production resumption of the San Ciprián aluminium smelter by 2024. In 2022, the European primary aluminium sector was already forced to cut production due to the high energy prices. Activating this smelter will help the industry add some numbers to its output. In comparison, the Yunnan province of China declared the regional aluminium smelters to cut production due to the hydropower...
On February 28, Hydro finally acquired Hueck after receiving clearance from the German and Austrian competition regulators. The two companies signed the agreement for the same on December 2022 . As per the reports, the acquisition will increase Hydro's market share in Germany and other European countries. It also established a strong foundation for future expansion in the extrusions and building systems sectors. The greatest market in Europe for building systems and aluminium extrusions is found in Germany. Hydro will have five extrusion factories, three recycling sites, and 2,000 workers nationwide with this acquisition. These 2000 professionals are experts in developing windows, doors, and façade solutions for the building and construction sector. "Hueck is in many ways a perfect fit...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices on Thursday, March 2, after consecutive cuts last week during February 23-25. The company has added INR 4,750 per tonne to its aluminium ingot price to bring it to INR 224,750 per tonne versus INR 220,000 per tonne on February 25. Hindalco’s aluminium wire rod price has also been lifted by INR 4,750 per tonne or 2.05 per cent on March 2 to INR 235,850 per tonne. Last week, on Saturday, the price was closed at INR 231,100 per tonne The company’s aluminium billets price has also experienced an increase of INR 4,750 per tonne, reaching INR 238,850 per tonne as of March 2, compared to INR 234,100 per tonne on February 25. Hindalco links its aluminium ingot and aluminium products prices to the...
A00 aluminium ingot price in China has continued to grow by RMB 90 per tonne to score above RMB 18,500 per tonne. According to the Shanghai Metals Market survey, the price stands at RMB 18,530 per tonne on Thursday, March 2, with average prices likely to range between RMB 18,510 per tonne and RMB 18,550 per tonne. The spot contract is estimated to trade at a discount price of RMB 110-70 per tonne. But despite the rise in the ingot price for the past two consecutive days, it stands lower by RMB 90 per tonne compared to RMB 18,620 per tonne a week ago, learned SMM. And compared to a month earlier, it reflects a downfall of RMB 480 per tonne from RMB 19,010 per tonne. In Foshan, the primary aluminium ingot price has increased the highest by RMB 100 per tonne on March 2 to stop at RMB 18,560...
The Italian company that stands out in the world metal industry, FIMI Machinery has announced the delivery of CTL 975 to Becker Aluminium-Service GmbH. Becker Aluminium is one of the leading German service centres, active in processing and supplying of aluminium flat products which equipped itself with a multiform levelling and cutting line for its headquarters in Böhnen in 2018. FIMI Machinery is known for its specializing in the design, construction and commissioning of plants and machines for processing coils of the highest quality and advanced technology enabled to guarantee consistent high performance. The scope of installation at Becker Aluminium was to enhance the performances and the sheet metal cutting quality for automotive manufacturers and their subcontractors by utilizing...
