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 3M aluminium opened at US$2,370 per tonne and closed Wednesday at US$2,440 per tonne, up US$72 per tonne or 3.04 per cent. On March 1, Wednesday, both LME aluminium cash bid price and LME aluminium official settlement price escalated by US$64 per tonne or 2.78 per cent to halt at US$2,362 per tonne and US$2,364 per tonne. On the same day, 3-month bid price and 3-month offer price expanded by US$60.5 per tonne or 2.57 per cent to peg at US$2,405.50 per tonne and US$2,406.50 per tonne. December 24 bid price and December 24 offer price surged by US$60 per tonne or 2.36 per cent and 2.60 per cent to close at US$2,593 per tonne and US$2,598 per tonne. LME aluminium opening stock came in at 550100 tonnes. Live warrants and Cancelled warrants closed at 439750 tonnes and 110350 tonnes. LME...
Rusal, the world’s second-largest aluminium producer by primary output, has reportedly developed and inaugurated the production of raw materials for catalysts at the Achinsk Alumina Refinery (RUSAL Achinsk), besides the production of VOGA fire retardants. The project has involved an investment of more than RUB 800 million, taking the site's capacity to 5,000 tonnes per year. It has also created 50 additional jobs. Rusal Engineering and Technology Centre (Rusal ETC) specialists have invented a unique technology that enables the production of powder products for various purposes on the same equipment. The technology passed all necessary tests and proved claimed specifications, resulting in environmentally friendly production. The construction of RUSAL Achinsk was completed in two years. It...
Aluminium Stewardship Initiative (ASI) announced the joining of Qinghai Baihe Aluminium Industrial Co., Ltd as the new Production and Transformation member. The enterprise has the largest electrolytic aluminium manufacturing site in Qinghai Province, with a total design production capacity of 700,000 tonnes. For Shanghai futures trading, the company's "BHL" brand has achieved accreditation for its quality management system, environmental management system, occupational health and safety management system, and energy management system. "Qinghai Baihe Aluminium Industry Co., Ltd. is committed to building the sustainable development of the green low carbon electrolytic aluminium production enterprises. The company adheres to the principles of honesty, innovation and service to customers. We...
Corrivo Building Products, one of the UK’s leading metal flashing manufacturers, expanded its product offerings by adding aluminium window pods to its portfolio to fulfil the demands of architects, specifiers, and façade contractors after providing some custom window pods for many high-profile projects. When making an architectural statement for their façade, builders and specifiers often choose aluminium window pods that surround the window frame. They are the perfect option to satisfy the design requirements of any façade project since Corrivo can produce them in a huge variety of sizes and practically any Reichs-Ausschuss für Lieferbedingungen (RAL) colour. “We’re always reacting to the demands of our customers to adjust our product range, and after manufacturing some window pods for...
National Aluminium Company Limited (NALCO) axed its aluminium ingot and aluminium products prices by INR 4,000 per tonne on Tuesday, February 28. That brought the company’s aluminium ingot price to INR 224,150-227,650 per tonne versus INR 228,150-231,650 per tonne on February 23. NALCO’s latest price cut pulled down its aluminium wire rod price to INR 228,650-233,000 per tonne from INR 232,650-237,000 per tonne last week . The company’s aluminium billets price ranged between INR 228,600-231,250 per tonne, compared to INR 232,600-235,250 per tonne about a week ago. NALCO links its alumiium ingot and aluminium products prices to the three month of futures of aluminium on the London Metal Exchange, which plunged by US$68.50 per tonne during February 23-28 from US$2,368.50 per tonne to...
The BMW Landshut light metal foundry uses solar-powered aluminium in addition to recycling waste metal that is recovered during the casting process. As per reports, the Landshut light metal foundry has been recertified by the impartial party for its sustainable use of aluminium, meeting the requirements of the Aluminium Stewardship Initiative (ASI), an international non-profit organisation backed by aluminium producers and processing businesses. The auditing criteria demand conformity with requirements for transparency, general management, corporate integrity, and proof of material stewardship, such as a thorough lifecycle analysis of the company's goods and a complete recycling strategy. In December 2019, the first certification that met the criteria for material stewardship was...
Mundra Aluminium Ltd, a wholly-owned subsidiary of Adani Enterprises incorporated in December 2021, is selected as the preferred bidder for the Kutrumali bauxite block by the Odisha government. The news came after the company received a letter of intent dated February 27, 2023, from the Odisha government regarding the mineral block in Odisha. Adani Enterprises said in an exchange filing, "We are pleased to inform that based on the outcome of the auction proceedings, Mundra Aluminium has been declared the "preferred bidder" and subsequently, a Letter of Intent dated February 27 has been issued by the Government of Odisha in respect of the following mineral block in Odisha." Following the news, shares of Adani Enterprises, the flagship company of Adani Group, soared 12 per cent to INR...
The high-quality aluminium extrusion company and leading professional extrusion manufacturer in China, Fonnov Aluminium, has introduced a new product to its fleet of customized aluminium extrusion products designed to increase the proficiency of hydrogen fuel vehicles. Since its debut in 2015, vehicles powered by hydrogen have advanced significantly. They initially encountered several difficulties, including the need for additional infrastructure for refuelling, high prices, and a constrained range. However, technological advancements have addressed these issues, and hydrogen-fuel vehicles are becoming more popular. Hydrogen fuel cell cars are quiet, energy efficient, produce no emissions, and have equivalent range and performance to gasoline counterparts. They are eco-friendly and a...
On Tuesday, February 28, OnePlus announced it would launch its new phone OnePlus Ace 2V on March 7 in China, highlighting a few premium features of the device. On the official Chinese Weibo account, OnePlus posted that its new product, the brand’s first-ever mid-ranger, would feature flagship-grade flat aluminium side rails, along with a premium glass back to boot, similar to iPhone 14 series. The phone is assured to not only look good in the hands but beautiful to the eyes because of narrow bezel. Louis Lee, CEO of OnePlus China, shared a photo of the phone with side bezels as thin as 1.46mm and a bottom chin bezel as thin as 2.31mm, comparable to flagships like the Xiaomi 13, iPhone 14, and Samsung Galaxy S23. Louis also stated that OnePlus Ace 2V would be available in two colour...
Tradeglaze, the Lincoln-based manufacturer of aluminium doors, windows, and uPVC, unlocked another significant achievement by installing the new Emmegi Phantomatic X4' CNC machining centre for its aluminium plant. The update was a part of the firm's ambitious expansion plan, which it expedited last year in response to the market's exceptional demand for construction and home renovation services. The CNC machining centre is the fourth addition to the fabricator's repertoire in the past twelve months. It has four controllable axes and an electric spindle that continually spins from 0° to 180° to work on the whole workpiece's shape. A software update is also included in this substantial upgrade. The award-winning company recently acquired a new glass table, a spacer bar cutting machine, and...
The second largest chemicals company in Germany, Evonik, and also one of the largest speciality chemicals companies in the world, is investing multi-million euros in expanding production facilities for fumed alumina at its Yokkaichi site in Japan. The material will be used as an ultrathin coating for battery separator foils. This facility will be the German chemical company's first alumina asset in Asia, designed to produce speciality lithium-ion battery technologies for electric vehicles. Evonik revealed that construction will begin in the summer of 2023, while commercial operations will start in 2025. The project will also create additional jobs. However, the Japanese government subsidy is yet to be disclosed. Japan's automakers are at a fork in the road as the world shifts to electric...
Three-month LME aluminium opened at US$2,370 per tonne on Tuesday and closed at US$2,372 per tonne, a decrease of US$4.5 per tonne or 0.19 per cent. On Tuesday, February 28, the LME aluminium cash bid price and LME aluminium official settlement price again decreased after an intermittent rise on the previous day . While the former dwindled by US$15 per tonne to US$2,298 per tonne, the latter slipped by US$14 per tonne to settle at US$2,300 per tonne. The 3-month bid price and 3-month offer price shrank by US$13 per tonne and US$14 per tonne, respectively, scoring at US$2,345 per tonne and US$2,346 per tonne. December 24 bid price and December 24 offer price shrivelled by US$27 per tonne to close at US$2,533 per tonne and US$2,538 per tonne as of February 28. LME aluminium opening stock...
World alumina production in January 2023 totalled 11.647 million tonnes, with China accounting for more than 50 per cent, found the International Aluminium Insitute. The world’s biggest alumina and primary aluminium producer churned out 6.7 tonnes of aluminium ore in January, which majorly remained unchanged from 6.68 million tonnes tonnes in December 2022. However, on a year-on-year calculation, China’s alumina output registered a hike of 4 per cent from 6.430 million tonnes. For January, world alumina production recorded a month-on-month drop of 0.42 per cent from 11.696 million tonnes and a year-on-year downfall of 1.09 per cent from 11.775 million tonnes. World daily average alumina production was recorded at 375,700 tonnes in January, down by 0.42 per cent from 377,300 tonnes...
Next.e.GO Mobile (e.Go), the Aachen-based German manufacturer of electric vehicles and sustainable mobility systems, has signed a memorandum of understanding (MOU) with Trafigura to create a long-term supply chain management service agreement focussing on the supply of aluminium and battery metals like lithium, cobalt, and copper. The deal will considerably improve e.GO's capacity to follow its decentralised growth plan and strengthen supply chain dependability. Under the agreement, Trafigura will meet all of e.GO's requirements for transition and battery metal. The agreement also specifies how carbon intensity for each source of metals in the supply chain will be measured and how carbon declaration and transparency will be provided via the Agora supply chain emissions platform. "This...
Aluminium Stewardship Initiative (ASI) announced the joining of Midal Cables as the new Production and Transformation member. Founded in 1977, Midal is known for manufacturing aluminium rods, wires and overhead conductors for electrical transmission. With a current capacity of more than 350,000 tonnes annually, it has grown from a relatively small capacity of 15,000 tonnes of aluminium rods and a comparable level of ability to make overhead conductors become one of the top producers of aluminium rods in the world. “Our mission is to position our manufacturing presence in close proximity to our global customers and provide superior quality products by implementing our global competitiveness, social responsibility, excellent customer care, innovative technology, and environmental...
According to the Shanghai Metals Market survey, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, totalled 1.268 million tonnes on Monday, February 27. Over the weekend, the inventories increased by 20,000 tonnes from 1.248 million tonnes, and over a week rose by 35,000 tonnes from 1.233 million tonnes. Since January 19, before the Chinese New Year Holiday, the country’s aluminium ingot inventories have accumulated 524,000 tonnes. The inventories have maintained an upward trend but slowed down the gravity as there have been production cuts in Yunnan province due to restrictions imposed on electricity consumption. However, SMM predicts primary aluminium inventories to remain at a high level in the near term. To know more about...
Aluminium Toyo Ultimate Can (aTULC) and Texas-based American Canning are planning to introduce a new can liner to the Craft brewery industry in the US. Although being created in an entirely waterless operation, aTULC employs a pre-coated aluminium sheet with a more durable liner to defend against can corrosivity, in contrast to standard sprayed-on BPANI and epoxy coatings. “We’re excited to bring this technology to the states with a plant solely dedicated to craft. US craft is experiencing strong growth in many categories that have traditionally struggled with compatibility in aluminium cans. Think wine, cider, and ready-to-drink cocktails,” said David Racino, co-founder and CEO of American Canning. aTULC manufacture , created by Toyo Seikan Group Holdings, Ltd. (Tokyo, Japan), promises...
Apple is a brand that resonates with innovation, loyalty and creativity, so it is no wonder customers relate to it intimately. From originality to sustainability, the American multinational tech company always stays ahead. Not only the customers but the employees are also rewarded for their loyalty. Employees associated with the company for 10 years are awarded a square piece of aluminium, a cleaning cloth, and a message from CEO Tim Cook. The company is seen breaking norms by honouring the loyalty of its long-term employees in the middle of a pandemic-induced economic slowdown that has seen tech businesses reduce employment. The square piece of aluminium block is manufactured from the same 6000 class aluminium used to produce Apple products , says the firm's message included in the...
