KAP Minerals and Cymat Technologies are exploring a partnership to produce scandium-aluminium master alloy in Ontario, following the signing of a memorandum of understanding. The partnership would use scandium oxide from KAP’s Kapuskasing critical minerals project and Cymat’s aluminium-processing technology to produce alloys for aerospace, defence and manufacturing applications. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " Scandium-aluminium alloys can improve strength, performance and weldability while reducing weight. The companies aim to use the proposed venture to establish a domestic supply chain, converting Canadian critical minerals into value-added industrial materials....
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...
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Vedanta Limited cut its aluminium ingot and aluminium products prices by INR 3,500 per tonne on Tuesday, February 14. That brought the company’s aluminium ingot price to INR 227,750-258,250 per tonne versus INR 231,250-261,750 per tonne on February 7. With the latest cut, Vedanta’s aluminium wire rod price came in at INR 235,250-242,750 per tonne, also down by INR 3,500 per tonne from INR 238,750-246,250 per tonne last week. The company’s aluminium billet price stood at INR 236,750 per tonne compared to INR 240,250 per tonne on Friday, February 7. Vedanta reduced its aluminium ingot and aluminium products prices in response to the three-month futures of aluminium on the London Metal Exchange. On Monday, February 13, the LME aluminium benchmark price plunged by US$52.50 per tonne to stand...
Hydro entered the year 2022 amid a strong aluminium market but soon was dominated by a devastating war in Europe, an energy crisis, inflation, and a global economic slowdown, including a significant fall in demand. But amid all this, the company succeeded in delivering record results for the year, as posted in its annual report. On Tuesday, February 14, Hydro posted a 38.94 per cent Y-o-Y hike in revenue from NOK 149,654 million to NOK 207,929 million in the annual financial and operational report for 2022. According to the company, their strong cost position and high prices of aluminium helped them earn higher revenue in 2022 than the previous year. Hydro’s net income from continuing operations surged by 75.03 per cent from NOK 13,930 million in 2021 to NOK 24,381 million in 2022....
One of North America’s fastest-growing and leading producers of aluminium billet and slab, Matalco, announced the completion of its new facility in Franklin, Kentucky. The new facility began operations in December 2022 and is known for producing aluminium ingot slabs from secondary aluminium. With a capacity to manufacture 135,000 tonnes annually, the new factory was built by Matalco for around $65 million. According to Matalco, the business is considering purchasing more machinery to increase the yearly capacity to 176,000 tonnes. Matalco is an independent secondary aluminium billet maker with its corporate headquarters in Brampton, Ontario. Furthermore, the Ontario-based aluminium billet manufacturer claimed that it sourced secondary aluminium from Triple M Metal and its current...
Taural India, located in Pune, Maharashtra founded by a young entrepreneur Bharat Gite in 2016 to create aluminium casting solutions that could replace imported products in the sectors like defence, energy, healthcare, railways, and aerospace. India has attained the list to become the world's second-largest aluminium producer. Still, imports account for 60 per cent of total domestic demand, which includes aluminium castings, other than extrusions, rolled aluminium, aluminium foils, and other downstream products. According to Bharat, however, fewer Indian aluminium casting companies use sand casting technology to produce aluminium alloys in which liquid metal is poured into chemical sand moulds. Currently, these products are imported from countries like China, Europe, etc. In 2014, Bharat...
Golden Aluminum Inc.'s recycling-based aluminium rolling mill in Fort Lupton, Colorado, USA, received the ASI Chain of Custody (CoC) Standard V1 (2017) Certification. The certification covers rolling, finishing, and coil coating activities, processes, and procedures. It also includes its block casting technique. In June 2022 , the facility received ASI Performance Standard Certification. To create rolled aluminium coils, the factory remelts both primary and recycled aluminium and changes the liquid metal using its unique casting process. Bureau Veritas Certification conducted an impartial, unbiased audit of the Golden Aluminum Inc. facility. "We warmly congratulate Golden Aluminum Inc. on achieving ASI CoC Certification for its Fort Lupton rolling mill. Responsible sourcing of material...
After touching a 5-week low on Monday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$7.50 per tonne and US$8.50 per tonne the next day to stand at US$2,389 per tonne and US$2,391 per tonne, as of February 14. But the 3-month bid price and 3-month offer price continued to record a drop by US$4 per tonne from February 13 to settle at US$2,419 per tonne and US$2,420 per tonne on February 14. December 24 bid price and December 24 offer price declined by US$10 per tonne or 0.38 per cent to come in at US$2,588 per tonne and US$2,593 per tonne, respectively. LME aluminium opening stock accumulated 24,825 tonnes to close above 600,000 tonnes. As per the data, the LME stock stood at 601,600 tonnes. Live warrants increased to 454,300 tonnes,...
On February 9, 2023, the National Employment Fund (NEF) and the Australian mining company Canyon Resources' Cameroonian subsidiary Camalco engaged in developing the project to explore the Minim Martap bauxite deposit in the Adamaoua region, inked a partnership agreement in Yaoundé. André Henry, the Director General of Camalco, said, "We intend to be close to the NEF so that precisely when we want to start the work and hire, we can rely on them to have qualified employees." The NEF will have to provide Camalco with its database of job seekers when the time comes to facilitate the recruitment of skilled labour for the Minim Martap project within the framework of this collaboration. Whenever Camalco's human resources requirements change, the mining operator should contact the NEF. Initially,...
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices by INR 3,500 per tonne or 1.5 per cent with effect from Tuesday, February 14. That has brought the company’s aluminium ingot price to INR 226,750 per tonne versus INR 230,250 per tonne on February 10. Hindalco’s aluminium wire rod price has come in at INR 237,850 per tonne, compared to INR 241,350 per tonne last week. Aluminium billets price stands at INR 240,850 per tonne, in comparison with INR 244,350 per tonne on Friday, February 10. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which shrank by US$52.50 per tonne from US$2,435 per tonne on February 10 to US$2,382.50 per tonne on February 13. Aluminium...
The Moynihan Rail Hall train station in New York is decked up with an unusual form of artwork called The Hive, a set of up to nine-foot-tall models of skyscrapers made up of aluminium, inspired by a collection of 100 upside-down skyscraper models. Curated by the Berlin-based artists Michael Elmgreen and Ingar Dragset, which hang upside down like stalactites from the ceiling near the 31st Street entrance, the designers claimed that a mirrored base gives passengers the impression that they are projected into the metropolitan environment and produces an illusion of an imagined metropolis. "People are often in a rush when they go to the train. We thought of making something that you could get the sense of in one viewing, but if you wanted to have a full experience you could stop and look up...
According to the International Aluminium Institute (IAI), alumina production in South America grew by 4.83 per cent month-on-month to stand at 1.042 million tonnes in December 2022. That brought South America’s total output in Q4 2022 to 3.05 million tonnes, up by 3.35 per cent Q-o-Q from 2.951 million tonnes and 3.95 per cent Y-o-Y from 2.934 million tonnes. Going by the IAI data, South America’s alumina output in December 2022 edged a year-on-year hike of 3.78 per cent from 1.004 million tonnes. In the year's second half, alumina production in South America totalled 6.001 million tonnes, reflecting an increase of 6.53 per cent from 5.633 million tonnes in H1 and a hike of 4.11 per cent from 5.764 million tonnes in H2 2021. In the entire year of 2022, South America’s alumina output...
For Ontario soda users who prefer canned to bottled pop, grocery expenses are set to increase even more, if only marginally, this spring. As per reports, starting from April 1, a group backed by some of Canada's biggest food and beverage companies" will begin charging residents of the province a new recycling fee, touted as the pop can tax or the Container Recycling Fee (CRF). Consumers will start paying a fee of one cent on aluminium cans , two cents on small PET plastic bottles, and three cents on all other sealed, ready-to-drink non-alcoholic beverage containers in April under the CBCRA's proposed proposal. That covers everything from tetra packs to water in boxes to tomato juice in steel cans. The Canadian Beverage Container Recycling Association (CBCRA), an industry-funded...
ALG Aluminium Inc. (ALG), a modern state-owned joint stock company invested in and controlled by Guangxi Investment Group Co., Ltd., has reportedly received ASI Performance Standard Certification for manufacturing aluminium alloy products at a facility in Nanning, China. The news came on Monday, February 13, after ASI officially announced it successfully acknowledged ALG’s casting, extrusion, hot-rolling and cold-rolling operations against Performance Standard. ALG’s Nanning facility has an annual capacity of 200,000 tonnes. The company’s aluminium plate, sheet, strip, coil and large-scale extrusion products are destined for use in the aviation and transportation industries. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate ALG Aluminium Inc. for achieving Performance...
LME aluminium opened at $2,459.5 per tonne on Monday and closed at $2,421.5 per tonne, a decrease of $26.5 per tonne or 1.08 per cent. On Monday, February 13, aluminium prices reached five-week lows as rising stockpiles in LME-approved warehouses dampened investor mood. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$52.5 per tonne or 2.19 per cent and 2.15 per cent to come in at US$2,381.50 per tonne and US$2,382.50 per tonne. 3-month bid price and 3-month offer price dropped by US$42 per tonne or 1.70 per cent to close at US$2,423 per tonne and US$2,424 per tonne. December 24 bid price and December 24 offer price slipped by US$37 per tonne or 1.40 per cent to settle at US$2,598 per tonne and US$2,603 per tonne. LME aluminium...
The partners of DADA Holdings, LLC, announce that their affiliate, Niche European Holdings, LLC, has acquired a controlling stake in Niche Fusina Rolled Products S.r.l., which operates an aluminium rolling mill and related facilities in Fusina, Italy, just outside of Venice. Invitalia, the Italian government agency responsible for promoting inward investment and enterprise development throughout the country, is Niche Fusina's other remaining shareholder. DADA first acquired a minority stake in Niche Fusina in March 2022, in a sale approved by the Court of Venice in an insolvency proceeding. Niche Fusina is DADA's second foray into the aluminium rolling business; their first was Wise Metals Group, which they transformed into the world's third largest producer of can sheets for the beverage...
The Saudi state-owned mining company headquartered in Riyadh, Ma'aden, has reported a more than 87 per cent leap in its full-year 2022 net profit, enhanced by higher sales and higher average prices. On February 13, 2023, the largest multi-traded mining company in the Middle-East region, Ma’aden, during filing to the Tadawul stock exchange, stated that the company posted $3.23 billion (Saudi riyals 12.13 billion) in net profit in 12 months to the end of December. Ma’aden is also in the aluminium business, and its move into aluminium production is to maximize the minerals and metals value chain. Ma’aden established a joint venture with Alcoa to build the world’s most efficient and integrated aluminium complex in Saudi Arabia. This USD$ 10.8 billion project includes a bauxite mine, an...
The ferroalloy smelting plant of the vertically integrated manganese and silicone metal company OM Holdings Ltd (OMH) in Malaysia’s Samalaju Industrial Park, Bintulu, will incorporate higher value-added silicon metal. The OM Materials (Sarawak) Sdn Bhd, the group's flagship smelter complex, successfully modified and converted two ferrosilicon (FeSi) furnaces into metal silicon (MetSi) furnaces to produce silicon metal. According to OM Holdings, "The first MetSi furnace is undergoing hot commissioning and performance testing." However, the MetSi furnace has a production capacity of 35 tonnes to 40 tonnes per day. The modification and conversion process involved dismantling two idle FeSi furnaces, followed by civil works and equipment installation carried out by contractors from China in...
The Huawei Mate50 Pro is one of the patented products by the Chinese mobile maker that flaunts an aluminium alloy chassis having intricate details engraved by CNC machines. The new Huawei Mate50 Pro displays a consistent Space ring Design and a very attractive Clous de Paris step-patterned pathology. The use of aluminium resonates with the increasing need for introducing more sustainable options in creating electronic devices. This happens partially because electronic devices end up in landfills without the slightest chance of being recovered. Huawei has developed a very interesting way of carving precise designs on the surface of a single aluminium alloy slab by using computer numerical control (CNC) and fine engravings. The lenses, decorative rings and the bottom crater of the Huawei...
Trivium Packaging has been the recipient of three Pack Global Awards that can be divided into two broad genres: One for Best-in-Class in the Package Innovation Technical Design category and the other two for distinction in the Package Innovation Sustainable Design category. Trivium bagged the Best-in-class title for its intense craftsmanship in making Rexona Now United Aerosol Antiperspirant. This win can be regarded as the third time same category victory for Trivium in successive order. Trivium had worked in partnership with Rexona to create a unique aluminium aerosol can that displays snippets from the Now United pop group citing their members. The packaging group's main concern was putting up the faces of the Now United group members and keeping Rexona's advertising quality intact....
