European Aluminium has welcomed the European Commission’s proposal to review the EU Emissions Trading System (ETS) Directive and a separate proposal to adjust the ETS free-allocation fallback benchmarks for 2026–2030. The revised ETS review aims to strengthen industrial decarbonisation while supporting Europe’s climate goals. Investment will be a key focus, with the EUR 100 billion (USD 114 billion) Industrial Decarbonisation Bank, ETS Investment Booster and Innovation Fund supporting clean technology. Member States will also direct 50 per cent of national ETS revenues toward decarbonisation investments. Join the fourth edition of webinar " Hedging for recyclers - Become an expert in 6 hours " by Jorge Dyszel. The industry group said the proposed rules are a step in the right direction...
LME aluminium prices moved higher across cash and forward contracts on September 25, while the Asian Reference Price and alumina Platts price also increased. Opening stocks remained unchanged, while cancelled warrants rose sharply. The LME aluminium cash bid price rose 0.80 per cent to USD 3,253 per tonne on September 25 from USD 3,227 per tonne on September 24 . The cash offer price showed a similar trend. It also increased 0.80 per cent to USD 3,254 per tonne from USD 3,228 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " The three-month aluminium bid price rose 0.40 per cent to USD 3,265 per tonne from USD 3,252 per tonne, while the...
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Aluminium Stewardship Initiative has presented Performance Standard V2 (2017) Certification to Ningbo Tuopu Group Co., Ltd. under Provisional status. The certification is for the company's Light Alloy System 9th Unit in Ningbo, China, wherein it operates casting, semi-processing, aluminium remelting/refining and material conversion. Ningbo Tuopu Group Co. manufactures power chassis systems, trim systems, and intelligent driving control systems for the automotive industry, and is also engaged in research and development. Ningbo Tuopu received the certification after undergoing a stringent, independent, third-party audit carried out by TÜV Rheinland Cert GmbH. Since the audit occurred before May 31, 2023, the company acquired the Performance Standard V2 certification. The ASI Performance...
As a combination of engineering and creative thinking, a cargo solutions provider, Graviti has developed a technology that reduces the costs of loading bulk cargo, speeds up the process and gives their clients a competitive advantage — the European manufacturer of self-discharging containers designed to speed up bulk cargo loading into ships. The mission is to provide the industry with reliable customised solutions optimising routine loading processes. Customers' business interests rank as the priority guided by a sense of innovation, customer satisfaction and manufacturing superiority. The company can guarantee safe, secure and efficient solutions using cutting-edge international technology and developments, and quality control is performed at each production stage. According to Graviti,...
LME aluminium opened at US$2,194.5 per tonne last Friday, with its high and low at US$2,195 per tonne and US$2,171 per tonne, respectively, before closing at US$2,181 per tonne, a drop of US$15 per tonne or 0.68 per cent. On Friday, September 8, the London Metal Exchange (LME) revealed that both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$25.5 per tonne or 1.18 per cent to settle at US$2,132 per tonne and US$2,132.50 per tonne. 3-month bid price and 3-month offer price also contracted by US$25 per tonne or 1.13 per cent and US$15 per tonne or 0.68 per cent to close at US$2,180 per tonne and US$2,181 per tonne. December 24 bid price and December 24 offer price dipped by US$23 per tonne or 0.97 per cent to halt at US$2,327 per tonne and US$2,332...
The Shanghai Metals Market on September 11 experienced marginally elevating prices all over China, with the SMM A00 aluminium ingot price gaining RMB 30 per tonne to officially close at RMB 19,450 per tonne. The average prices have ranged between RMB 19,430 per tonne and RMB 19,470 per tonne. If we consider the SMM A00 aluminium ingot price on August 11, 2023, it can be seen there has been a Month-on-Month surge of RMB 900 per tonne or 4.85 per cent; since the aluminium price was RMB 18,550 per tonne that day. China’s eight major provinces have witnessed heightening prices today, with the aluminium ingot price escalating the highest in Tianjin by RMB 110 per tonne to rest at RMB 19,480 per tonne. In Wuxi, the aluminium price soared by RMB 40 per tonne to close at RMB 19,440 per tonne,...
Aluminium has become increasingly important in the end-use sector due to its versatility, lightweight properties, and sustainability. It has found extensive applications in various industries and products, such as transportation (cars, planes, and trains), packaging (cans and foil), construction (windows, doors, and facades), electronics (smartphones and laptops), and renewable energy (solar panels and wind turbines). Its corrosion resistance, strength-to-weight ratio, and recyclability make it a crucial material in modern manufacturing, contributing to energy efficiency and environmental sustainability. Moreover, aluminium's adaptability and ability to enhance product performance have solidified its significance in diverse end-use applications. CECI 1938, producers of one of the world's...
Exlabesa purchased Flandria Aluminium, a French firm specialising in aluminium profile extrusion, machining, surface treatment, and recycling. Exlabesa's worldwide growth plan includes expanding its direct presence in France, Belgium, and the Netherlands. On September 5th, the 2023 Guangxi Top 100 Private Enterprises Press Conference was held in Nanning. Guangxi Ping Aluminium Group was placed 15th in the "2023 Guangxi Top 100 Private Enterprises" and 11th in the "2023 Guangxi Top 100 Private Enterprises in Manufacturing Industry" in 2023. Swisstek Aluminium was granted the National Cleaner Production Centre's Greenhouse Gas (GHG) Verification. This honour highlighted Swisstek Aluminium's persistent commitment to sustainability and environmental responsibility, as seen by its...
Major changes are on their way in the primary aluminium sector, with the world advocating the need to incorporate more and more renewable energy systems into the equation. Shell Energy and Hydro have inked a significant three-year agreement aimed at decarbonising Hydro's UK operations. Under the terms of the deal, Shell Energy will supply 56 GWh of electricity and 144 GWh of gas to Hydro annually, letting the aluminium giant substantially cut down its Scope 2 emissions in the UK, resulting in a remarkable annual reduction of approximately 11,000 tonnes of CO2. In a recent development, Jérôme Pécresse has been appointed as the new Chief Executive for Rio Tinto Group's aluminium business, starting on October 23, 2023. He has over 30 years of experience in senior leadership roles in global...
Winning International Group, a company based in Singapore specialising in capesize vessels, has recently ordered at the CSSC yard Qingdao Beihai Shipbuilding in China to construct two huge ore carriers (VLOCs). These VLOCs are intended to support the company's seaborne trade route from West Africa to China. These newly commissioned vessels, known as WinningMax, will have a capacity of 325,000 deadweight tonnes. They will be certified by the China Classification Society and DNV, measure approximately 330 meters in length, be equipped for methanol storage with 12,000 cubic meters of fuel storage tanks, boast a speed of 13.9 knots, and meet the requirements of EEDI Phase 3. Compared to traditional capesize vessels, the WinningMax is anticipated to reduce energy consumption per tonne by...
According to data released on September 8, 2023, by the Australian Bureau of Statistics (ABS), business turnover in July witnessed declines in seven of the 13 selected industries. The Australian Bureau of Statistics (ABS) is the independent statutory agency of the Australian Government, responsible for statistical collection and analysis and for giving evidence-based advice to federal, state and territory governments. However, on June 7, ABS stated, "Our economy grew 0.2 per cent during the March quarter 2023 and 2.3 per cent compared to the same time last year. This was the sixth straight quarter of economic growth, though it was the weakest quarterly growth since the COVID-19 Delta lockdowns in September quarter 2021. GDP per capita fell 0.2 per cent.” The Electricity, gas, water, and...
Sustainability has grown as a critical topic in the world aluminium industry, not for no reason. Every day and hour, the industry is witnessing substantial developments pertaining to sustainability. This week, three global aluminium companies bagged ASI certification, GenHydro allied with RPG Generate Group to generate abundant renewable energy, and Ayana Renewable Power signed a power purchase agreement with Hindalco Industries Limited. Aluminium Bahrain B.S.C. (Alba), as the first smelter in the Middle East, acquired the newest version of (V3) of Aluminium Stewardship Initiative's (ASI) Performance Standard Certificate, which was released in May 2023. Similar to previously earned ASI's Chain of Custody Standard Certification , this new certificate acknowledges the production and...
Hydro has planned to invest heavily in Alumetal's recycling facility, and this will be the first such instance after the Norwegian aluminium giant took over the company. This new investment will be crucial in switching the prevailing furnaces and ingot casting units with the latest, ultra-advanced equipment that would amplify the growth while keeping an eye on safety protocols and increased efficiency. The Executive Vice President of Hydro Aluminium Metal, Eivind Kallevik, seemed optimistic about the new decision and commented: "We are pleased to have Alumetal as part of the Hydro family. We have been impressed by the achievements of the Alumetal organization. In Alumetal, we see a good fit with Hydro's ambitious strategy for growth in recycling. This investment confirms our intention to...
The United States aluminium crude metals and alloys imports from Canada in May 2023 was 212,000 tonnes, with the total imported amount from January to May being 1.06 million tonnes. On the other hand, USGS data denotes that the amount of aluminium crude metals and alloys exported to Canada in May 2023 was 6,640 tonnes, marking a total export value of 29,300 tonnes from January to May of the same year. The above data tells us that the USA imports a hefty amount of aluminium crude metals and alloys from Canada, while the export percentage is quite low. On a month-on-month scale, the import amount has fallen from 237,000 tonnes in April 2023, while the export rate has swollen from just 4,990 tonnes in April 2023 to the current data in May. US imports from Canada have dropped by 25,000 tonnes...
The 46 th US President Joe Biden is scheduled to attend the G20 Leaders' Summit in New Delhi on September 8, where he will be chauffeured throughout India in the "Beast," a heavily armoured limousine under the care of the US Secret Service. An enhanced security apparatus, including the world's most expensive cars, cutting-edge weaponry, bomb detection capabilities, a central command centre, and a network of independent communication lines, is being established by the USA Secret Service. In addition to Air Force One and helicopters for air transportation, President Biden will have an extensive fleet of vehicles, including the "Beast" for ground transportation during the summit. This heavily armoured limousine boasts military-grade protection, bulletproof windows as a matter of course, and...
The inauguration ceremony for the annual treatment of 70,000 tonnes of aluminium electrolyte comprehensive utilisation project, conducted by Henan Qinyuan Chun New Materials, took place on the morning of September 6. Wang Jiapeng, the Party Secretary of Qinyang and Deputy Director of the Standing Committee of the Municipal People's Congress in Jiaozuo, graced the occasion and officially declared the commencement of operations for the project. During the production ceremony, Wang Jiapeng announced the beginning of the yearly process of Henan Qinyuanchun New Materials' complete utilisation project for 70,000 tonnes of aluminium electrolyte. "In recent years, Qinyang City adheres to the main strategy of industrial strength, always regards project construction as the main focus of work,...
On September 5, Baowu and Chinalco Group signed a strategic cooperation framework agreement in Beijing. The purpose of this agreement is to actively promote the optimisation and upgrading of the industrial layout structure while practising the new development concept. The agreement will enable the two sides to carry out in-depth cooperation in the areas of national strategic mineral resources security, advanced material research and development, and industrial collaboration. The signing ceremony was attended by Baowu Party Secretary and Chairman Hu Wangming and Chinalco Group Party Secretary and Chairman Duan Xiangdong. The agreement was signed by Hou Angui, a member of the Standing Committee of the Baowu Party Committee and Deputy General Manager, and Dong Jianxiong, a member of the...
The Recycling Partnership, a mission-driven NGO advancing a circular economy, has reportedly claimed that it collected 4.1 million pounds of post-consumer aluminium scrap annually for recycling and reduced 18,750 tonnes of greenhouse gas emissions, three times more than initially expected. According to the Recycling Partnership, recycling rates of aluminium and similar materials have increased but still leave room for improvement, for which it seeks upgraded sorting equipment and stimulating investments. The Recycling Partnership is persuading many companies and organisations to support their initiatives in developing a circular-economy in the aluminium packaging sector. Till now, the Can Manufacturers Institute, the Alcoa Foundation, and the Arconic Foundation have come forward to help...
AluK India, a leading global player in the design, engineering and distribution of aluminium windows, doors and façade solutions, recently launched the AluK Home Experience Centre in Gachibowli. The centre was inaugurated by Mr Nitin Bhatia of FACET Facade Consultancy, with the presence of Ms Helene Roux, President of AluK Group, Mr Subhendu Ganguly, MD of AluK India and Mr Benoît Sibertin Blanc, Global Marketing Head of AluK. Ms Helene Roux highlighted that AluK Group has been operating in India for the past nine years, with a focus on Western India. The company is now expanding its retail segment through experience centres that cater primarily to end-users, including architects and project specialists who want to directly purchase the products. Mr. Subhendu Ganguly emphasized that AluK...
On Thursday, September 7, the Aluminum Association, the aluminium industry's leading voice in the United States of America, published its monthly Aluminum Situation report, which includes early projections indicating a 4.5 per cent decline in demand for the aluminium industry in North America (comprising the United States and Canada) for the first half of 2023. As per the report, the aggregate demand for aluminium in the United States and Canada, including shipments by local manufacturers and imports, was around 13.3 million pounds during the first quarter, in contrast to the 13.9 million pounds recorded in the first half of 2022. "While aluminum demand has declined in the first half of 2023 following a buoyant 2022, it remains relatively strong compared to the past decade. Projects to...
