Leading Indian aluminium producer Vedanta has renewed its push to revive bauxite mining at Odisha’s Niyamgiri hills, about 13 years after the proposed project was shelved. With Niyamgiri hosting around 80 million tonnes of bauxite reserves, the renewed proposal brings the resource potential of the Kalahandi-Rayagada belt back into focus. Vedanta Chairman Anil Agarwal discussed reopening the Niyamgiri bauxite mining project with Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar on September 26. Agarwal mentioned that the discussion addressed employment opportunities for involved tribal communities. “Today it was discussed for reopening of Niyamgiri. The affected tribals should be given jobs,” Agarwal stated. The state government also indicated that steps would be taken towards the...
Hydro and CHANEL Fragrance and Beauty have signed a strategic partnership to accelerate the development of low-carbon aluminium for the beauty and fragrance industry. The agreement sets out a shared roadmap between 2026 and 2030 to develop low-carbon aluminium for fragrance, makeup, and skincare packaging. As global demand for aluminium continues to grow and the material takes on increasing strategic importance, the cosmetics sector is emerging as a powerful driver of innovation in responsible sourcing. Although it accounts for only a limited share of global aluminium volumes, the luxury beauty sector sets high standards for quality, design, and traceability, standards that will help raise the bar across the entire value chain and encourage innovation. Under the agreement, the partners...
Grow with
AL Circle
Sparklo, a leading global cleantech company that uses AI to help reduce plastic and aluminium waste, has installed 100 of its innovative RVMs, known as Sparklomats, in public areas throughout the MENA region. This has resulted in the collection of 30,000 plastic bottles and aluminium cans daily in MENA alone, with a total of over 35 million collected recyclables worldwide. At the core of Sparklo's business model is the creation and operation of its reverse vending machines, Sparklomats. These machines have been installed in parts of Abu Dhabi, Dubai, Saudi Arabia, and Qatar and allow people to easily recycle plastic bottles and aluminium cans. Users receive rewards in the mobile app by placing an empty bottle or can in the machine, which can then be exchanged for discount vouchers for...
Crown Holdings, one of the world's largest aluminium can manufacturers, pledged to make the aluminium industry more sustainable by incorporating Environmental, Social, and Governance (ESG) principles into its business operations. Thus, Crown Holdings, in its 2022 Sustainability Report, announced a new initiative and strategy: Twentyby30™. It is a programme with 20 measurable sustainability goals to be completed by or before the end of 2030. According to Tom Donahue, President, CEO & Chairman of the Board at Crown Holdings, the objective of Twentyby30™ programme was to embed sustainability into business operations and reduce adverse impacts on the planet within a decade. So far, with this programme, Crown Holdings has achieved a 12 per cent reduction in Scope 1 and Scope 2 GHG emissions,...
Lorin Industries, Inc. is teaming up with Isaiah Industries to offer anodized aluminium for roofing panels. Lorin, the global leader in coil anodized aluminium, brings its expertise in this field to the partnership, while Isaiah Industries contributes its extensive experience in the roofing industry. The anodic layer created by Lorin's coil anodizing process bonds to the aluminium at the molecular level, protecting it from the elements. This results in a highly durable and scratch-resistant material that will not corrode, peel, flake, or chip. With a Mohs Hardness score comparable to sapphire, Lorin's anodized aluminium offers long-lasting beauty that reduces maintenance costs and provides environmental benefits. Lorin's coil anodized aluminium can be produced in a wide range of colours,...
The Sunshine Coast is nearing construction of a new $40.5 million material recycling facility (MRF), which is expected to be operating by the end of the year. The MRF will be able to process 60,000 tonnes or more of aluminium cans, glass bottles and jars, plastic containers, cardboard, paper, and steel annually. This increased recycling capacity and industry-leading intelligent sorting technology will enhance recycling results, reducing waste-to-landfill and creating new circular economy possibilities in downstream markets. Environment Minister Leanne Linard viewed the new facility with member for Nicklin Rob Skelton, Mayor Mark Jamieson, and Environment & Liveability Portfolio Councillor Maria Suarez on the Sunshine Coast for a Ministerial Environmental Round Table. The MRF is South East...
Amcor, a worldwide pioneer in developing and manufacturing environmentally friendly packaging solutions, has emerged as the market leader in the "Top 21 Sustainable Packaging Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. MarketsandMarkets 360 Quadrants analysed over 80 Sustainable Packaging firms, of which the top 21 were categorised & recognised as quadrant leaders. The 360 Quadrant effectively maps the firms based on revenue, regional presence, growth plans, investments, demand channels, and sales methods examined for Sustainable Packaging's quadrant's market presence. Amcor was named the market leader in the 360 Quadrant due to its strong presence, wide product range, and long-standing reputation for quality. It sells goods under the labels AmFoil, AmFiber, and...
In July 2023, the world alumina production saw a month-on-month rise of 4.32 per cent to reach 12.179 million tonnes, found the International Aluminium Institute (IAI). The growth occurred in July 2023 after a monthly fall in June by 1.96 per cent from 11.908 million tonnes to 11.675 million tonnes. On a year-on-year calculation, the world aluminium output experienced a restraint compared to 12.198 million tonnes, showed IAI. The monthly output growth in July 2023 brought the world’s total alumina production in the first seven months to 80.669 million tonnes, down by 0.79 per cent from 81.310 million tonnes during the corresponding period of the last year. World daily average alumina production in July 2023 also grew M-o-M by 0.95 per cent from 389,200 tonnes to 392,900 tonnes. But on an...
Pakistan Aluminium Beverage Cans Limited experienced a significant increase in profitability, up 72.14 per cent YoY in 1HCY23. The company's profit after tax reached Rs2.71 billion, a notable improvement from the Rs1.58 billion profit reported in the same period last year. As part of the announcement, the company declared an Interim Cash Dividend for the year ending December 31, 2023, at Rs3.5 per share, or 35 per cent to all shareholders of the company . The company's top line also saw an impressive 70.83 per cent YoY increase to Rs11.12 billion compared to Rs6.51 billion in same period last year. The cost of sales for aluminium cans rose by 60.21 per cent YoY, but the increase was smaller than the sales decline, resulting in a gross profit of Rs4.41 billion in 1HCY23, an improvement of...
Today, on August 30, the Shanghai Metals Market has recorded heightening prices, with the SMM A00 aluminium ingot price increasing by RMB 130 per tonne to officially close at RMB 19,040 per tonne. The average prices have ranged between RMB 19,020 per tonne and RMB 19,060 per tonne. If we consider the price on May 30, which was RMB 18,350 per tonne, it can be seen that there is a 3.76 per cent or RMB 690 per tonne accelerating growth on a Quarter-on-Quarter basis. China’s central provinces have seen escalating prices as well, with the A00 aluminium price rising the most in Foshan by RMB 130 per tonne to rest at RMB 18,880 per tonne, followed by RMB 120 per tonne hike in Shenyang, where the aluminium price parked at RMB 18,950 per tonne. In Wuxi and Hangzhou, the aluminium price has bulged...
LME aluminium opened at US$2,152 per tonne on Tuesday, with its high and low at US$2,179.5 per tonne and US$2,152 per tonne, respectively, before closing at US$2,169 per tonne, an increase of US$18.5 per tonne or 0.86 per cent from the previous trading day. On Tuesday, August 29, both LME aluminium cash bid price and LME aluminium official settlement price slipped by US$7 per tonne or 0.39 per cent and US$7.5 per tonne or 0.35 per cent to close at US$2,116 per tonne and US$2,116.50 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price inched down by US$1 per tonne or 0.04 per cent and US$0.5 per tonne or 0.02 per cent to close at US$2,159 per tonne and US$2,160 per tonne. December 24 bid price and December 24 offer price dropped by US$7 per...
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in South East Asia, announced the second quarter results of 2023, reporting a 25 per cent year-on-year decline in net profit ended June 30. The company’s net profit for Q2 was recorded at RM305.79 million or 3.73 sen per share compared to RM409.17 million or 4.97 sen per share a year ago. Revenue for Q2 2023 slipped Y-o-Y by 6.2 per cent from RM4.0 billion to RM3.76 billion, attributing to the delay in global economic recovery causing weaker aluminium demand, analysed Press Metal Group CEO Tan Sri Paul Koon Poh Keong. Keong said in a statement on Tuesday, August 29, “The current weakness in aluminium price can be attributed to softened demand driven by market uncertainties, rather than aluminium supply propelled by smelter...
Global Trade Sales, a Wangara-based company, won a two-year contract worth US$14 million in May last year to design and construct five new jetties at Hillarys Boat Harbour and replace one jetty at Fremantle Fishing Boat Harbour. As part of the contract, up to 90% of the contract value will be spent within Australia, with the majority of this being local WA affiliated. Collaboration with local suppliers has resulted in the floating modules, fendering, and aluminium frames for the new jetties being 100% manufactured in Western Australia, with the aluminium being sourced from Western Australia (WA) and other Australian mills. At Hillarys, work on constructing a realigned 3.5-meter-wide central floating walkway is nearing completion. This will provide continued penholder access while work is...
In the shadow of economic turmoil, Italy's packaging sector has emerged as a symbol of resilience, leaving a lasting impact on the global economy. This is not just a tale of recovery; it's a testament to the industry's adaptability, innovation, and commitment to sustainability. While many major industries struggled to weather economic uncertainties, Italy's packaging sector stood strong, showcasing remarkable resilience. Specialized companies in food packaging and luxury goods have driven the industry's ability to bounce back and surge ahead. This resurgence is reflected in the market size, which GlobalData valued at 82.5 billion units in 2022. Moreover, a projected Compound Annual Growth Rate (CAGR) of over 1 per cent during 2022-2027 speaks to the sector's promising trajectory. In the...
On August 28, aluminium prices subsided by 0.18 per cent to RMB 198.10, though Beijing attempted to strengthen the currency by swapping state-owned banks in offshore markets. This move aimed to extract yuan and increase the cost of shorting the currency. The People's Bank of China (PBOC) reduced its one-year loan prime rate by 10 basis points to a historic low of 3.45 per cent on August 21 while keeping the five-year loan prime rate unchanged at 4.2 per cent. Earlier in the month, the central bank also lowered its seven-day reverse repo and one-year medium-term lending facility rates. The yuan was further affected by economic uncertainties and an intensifying property sector crisis in China, as well as a widening interest rate differential. China reported a 6.7 per cent decline in the...
On Monday, Godha Cabcon and Insulation received an INR 56.6-crore work order from Overseas Metal and Alloys. Godha Cabcon stated that the order is for providing aluminium weasel conductors and HT power cables. Regarding order execution, the corporation said the projected delivery time is within 30 days after placing the order. Overseas Metal & Alloys makes aluminium ingots, whereas Godha Cabcon and Insulation Ltd is a prominent maker of high-quality conductors. "We are thrilled to share an exciting development at Godha cabcon & Insulation Ltd. Today, we announce the successful acquisition of a substantial order from overseas Metal & Alloys Million Pvt' Ltd, a prominent player in the industry. This order is valued at approximately Rs 566 and represents a significant step forward in our...
The European Aluminium Foil Association (EAFA) showed that aluminium foil deliveries experienced a demand drop of 9.4 per cent in the first six months of 2023, reaching 444,000 tonnes. The Association further reported that deliveries in the second quarter dropped by 15 per cent Y-o-Y amid weak demand resulting in destocking. Production of aluminium foil also dwindled Y-o-Y by 14.74 per cent from 249,400 tonnes to 212,300 tonnes, according to EAFA. Thinner gauges demand also fell 14 per cent Y-o-Y in the European market and almost 30 per cent outside Europe in the second quarter of 2023. Year-to-date, the demand was 10 per cent lower in Europe and 17 per cent elsewhere. Thinner gauges are mainly used for flexible packaging and housefold foil. High inflation and rising interest rates caused...
Capral Aluminium, the largest manufacturer of extruded aluminium and distributor of aluminium products in Australia, has recently kick-started its zero-emissions delivery program through its freight partner, Goldstar Transport. The first Fuso eCanter deliveries were made to Bull Motor Bodies, a local customer of Capral Aluminium. The company has just launched a lower-carbon primary aluminium option, LocAL, which is now available across its locally manufactured extruded aluminium products. Capral Aluminium 's Industrial Solutions State Manager for Western Australia, Nigel Williamson, expressed his pleasure in starting zero-emissions deliveries with the Bull Motor Bodies order. Nigel exclaimed: "Sustainability is very much at the forefront at Bull Motor Bodies." "A part of the tendering...
The European Green Aluminium Summit 2023 is a highly anticipated event that brings together key stakeholders from the aluminium industry, policymakers, environmentalists, researchers, and innovators to discuss and explore sustainable practices in aluminium production and consumption. Taking place in Frankfurt, Germany, the summit will serve as a platform for exchanging ideas, showcasing innovations, and shaping the future of the aluminium industry. The summit is scheduled for October 18-19, 2023, in Frankfurt, Germany, and will offer in-person and online participation options. The European Green Aluminium Summit 2023 is centred around advancing sustainable development in the aluminium industry. This summit will bring together industry-leading enterprises to explore crucial topics,...
On Monday, August 28, India's significant rating agency, ICRA, stated that given the government's emphasis on infrastructure development, domestic aluminium demand growth is expected to continue solid at approximately 9 per cent over the next two fiscal years (FY24 and FY25). As per the Investment Information and Credit Rating Agency of India Limited (ICRA), India's aluminium consumption is heavily influenced by the automobile industry, with consistent demand projected in FY2024 and FY2025. Domestic demand growth will surpass global demand growth, according to the rating agency, which predicts a steady future for the domestic aluminium sector. However, the typical car uses less aluminium than the world average. ICRA forecasts increased consumption and a shift to electric vehicles. While...
