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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Aluminium Stewardship Initiative (ASI) announced that Aludium's plant in Alicante and Amorebieta (Spain) was successfully certified against the ASI Chain of Custody Standard V1. These facilities just received re-certification after achieving ASI Performance Standard Certification in December 2019. The certification applies to the Aludium Alicante plant (Spain), which includes the casthouse, cold rolling, finishing, administrative facilities, and R&D Center, as well as the Aludium Amorebieta plant (Spain), which consists of the casthouse, hot rolling, cold rolling, finishing, and administrative facilities. The business manufactures aluminium products utilised in many downstream industries, such as building and construction, packaging, and transportation. "The ASI CoC certification is a...
Vedanta Limited has further reduced its aluminium ingot and aluminium products prices in response to the incessant LME aluminium price fall for over a week. The latest price chart indicates the company’s aluminium wire rod price has experienced a cut of INR 5,000 per tonne or 2 per cent, with effect from Friday, February 10, to stand at INR 238,750-246,250 per tonne versus INR 243,750-251,250 per tonne on February 7. Vedanta’s aluminium billet price has also been axed by INR 5,000 per tonne, although at a lower rate than the cut of INR 6,250 per tonne on February 7. Vedanta is thus currently selling its aluminium billet at INR 240,250 per tonne, in contrast with INR 245,250 per tonne on February 7. The latest cut has brought the company’s aluminium ingot price to INR 231,250-261,750 per...
The global primary aluminium sector witnessed some significant events this week. Also, the fact that aluminium is one of the most critical metals can be understood with the proposal of Australian experts suggesting enlisting this silvery-white metal as a crucial mineral. Mike Ferraro, CEO and Managing Director of Alumina Ltd., discussed why the Australian Government should follow in the footsteps of the United States, which included aluminium in its list of 50 critical metals a year ago. Apart from this, the 'Metal of the Future,' Vedanta Aluminum, India's largest aluminium producer and one of the world's top aluminium manufacturers, grandly launched the first edition of the International Aluminium Conference 2023' (IAC 2023) at its operating location in Jharsuguda, Odisha. Under the...
Hindalco Industries Limited has continued reducing the prices of its aluminium ingot and aluminium products, effective from Friday, February 10, for the past week. Today’s deduction marks the third consecutive cut bringing the company’s aluminium ingot price to INR 230,250 per tonne, down by INR 5,000 per tonne or 2.13 per cent from INR 235,250 per tonne on February 7. With the latest cut, Hindalco’s aluminium wire rod price has come in at INR 241,350 per tonne, also down by INR 5,000 per tonne from INR 246,350 per tonne on Tuesday, February 7. After the three continuous cuts for over a week, Hindalco’s aluminium billets price has stopped at INR 244,350 per tonne as of February 10, in contrast with INR 249,350 per tonne on the previous cut. Hindalco links its aluminium ingot and aluminium...
The Austrian company Hammerer Aluminium Industries (HAI) and the Korean company LS Cable & System (LS C&S) have agreed to invest a combined 67.5 billion won ($53 million) in the creation of a joint venture that will begin producing battery cases and other EV components made of lightweight, high-strength aluminium in 2025. Both businesses intend to enter the market for aluminium vehicle components by utilising the respective knowledge they have each gained in Europe and Korea. In 2027, LS C&S anticipates that the joint venture will produce revenues of about 200 billion won. For the manufacture of Hyundai Motor and Kia automobiles with internal combustion engines, the LS Group subsidiary has provided high-strength aluminium components. The business intends to concentrate more on making...
In January 2023 (31 calendar days), China’s metallurgical-grade alumina production stood at 6.37 million tonnes, registering a drop of 0.93 per cent month-on-month from 6.43 million tonnes, found the Shanghai Metals Market data. On a year-on-year calculation, the output in January recorded an increase of 1.4 per cent from 6.28 million tonnes. SMM data also showed China’s average daily production of alumina decreased by 2,300 tonnes M-o-M to stand at 205,000 tonnes. The domestic installed capacity at the end of the month was 97.75 million tonnes, while the operating capacity was 74.94 million tonnes, implying an average domestic operating rate of 77 per cent. SMM has estimated the net imports of alumina to be 115,000 tonnes at the end of January, with a slight shortage of 97,000 tonnes. In...
The Harare City Council (HCC), the local governing body of the capital of Zimbabwe, has warned that water production may soon stop due to a lack of aluminium sulphate. According to a statement from the local government authority, all areas of the city would be impacted. Aluminium sulphate is primarily used as a coagulant in the purification of drinking water, the treatment of sewage, and the production of paper. The City informed that water production has been decreased to stretch precious inventories from 20 hours of operation to 30 hours as of yesterday evening due to dangerously low stockpiles of aluminium sulphate. A quicker alternative delivery is being sought to shorten the outage. This indicates that the city will run out of goods and stop production at midnight this evening. The...
The Gurgaon-based Uno Minda Group has announced plans to invest INR 115.5 crore to buy out its Japanese partner Kosei's remaining 22.64 per cent ownership in its joint venture company, Minda Kosei Aluminium Wheels. In India, alloy wheels are increasingly being used on both two- and four-wheeled vehicles, according to the firm, and it plans to take advantage of this potential opportunity in the years to come. By the end of March 2023, the Tier-1 major will have completed the acquisition, turning the alloy wheel manufacturer into a wholly owned subsidiary. According to the group, the joint venture business will enter into a technical-licensing deal with Kosei when the transaction is complete to guarantee the continuation of technological assistance. "The automotive industry experienced a...
On Thursday, February 9, Vedanta Aluminium grabbed the opportunity at its first International Aluminium Conference (IAC) 2023 to have announced the launch of a 12 mm aluminium wire rod for the electrical industry. Vedanta Aluminium is a world-renowned producer (outside China) of high-quality electrical conductor (EC) grade wire rods, having a production capacity of 600,000 tonnes, equipped with state-of-the-art continuous mills from Southwire (USA) and Properzi (Italy). Vedanta's wire rods are destined for crucial applications in the electrical industry in the form of wire and cables for transmission and distribution networks, coils and windings, heating & cooling tube, and more. Vedanta has manufactured 12 mm aluminium wire rods at its smelters in Jharsuguda (Odhisha) and BALCO...
LME aluminium opened at US$2,488 per tonne on Thursday and dropped to a low of US$2,460 per tonne, but then returned to US$2,500 per tonne and finally closed at US$2,507 per tonne, ending a six-day losing streak. On Thursday, February 9, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$44.5 per tonne or 1.80 per cent to close at US$2,424 per tonne and US$2,424.50 per tonne. The 3-month bid price and 3-month offer price slumped by US$42 per tonne or 1.67 per cent and US$41 per tonne or 1.63 per cent to peg at US$2,465 per tonne and US$2,467 per tonne. December 24 bid price and December 24 offer price slipped by US$40 per tonne or 1.49 per cent to clock at US$2,638 per tonne and US$2,643 per tonne. LME aluminium opening stock settled at 490550...
India’s largest aluminium producer and one of the world’s leading aluminium producers, the ‘Metal of the Future’, Vedanta Aluminum, grandly launched the 1st edition of the International Aluminium Conference 2023’ (IAC 2023) at its operational location in Jharsuguda, Odisha. In collaboration with the Aluminium Association of India (AAI), the apex body representing the entire spectrum of the Indian Aluminium Industry, this 2-day Conference is being held on the 9th and 10th of February 2023, on the theme: Making India the Aluminium Capital of the World. IAC 2023 aims to be one of the world’s leading B2B platforms for collaboration between players in the global Aluminium industry and its various stakeholders, such as downstream processors, end consumers and technology suppliers from across...
On Thursday, February 9, Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, announced the fourth quarter results ended December 31, FY2022-23, reporting a 6 per cent year-on-year rise in revenue to INR 53,151 crore. But on a quarter-on-quarter basis, the revenue stood 5.38 per cent lower than INR 56.176 crore. The total revenue in nine months of the fiscal year FY2023 stood at INR 167,345, up by 20.14 per cent from INR 139,295 crore in the past year. The overall increase in revenue could be attributed to higher sales volume and steady operational performance across India operations. Record total shipments of India primary aluminium was 349,000 tonnes, up 1 per cent from 345,000 tonnes. Hindalco posted an EBITDA of INR 3,930 crore for Q3 FY23, down by 31.57 per cent Q-o-Q...
For many years, experts and scientists have warned humanity about the severe effects of climate change and pollution, but in vain. Due to the ongoing energy crisis and the persistent attempts of shifting towards a sustainable environmental goal, many big companies are adopting aluminium as the base metal for respective flagship item production. But in some cases, the public demands more relatable examples of such initiatives than the mere shift to this iconic non-ferrous material. This is where advertisement comes into play. Human beings display extreme devotion towards celebrities, and whatever they say or do are treated as the sermons from Bible. Therefore, on a global scale, many notable celebrities are promoting the functionality of aluminium to transform the world into a better place...
The Nokia X30 5G, composed of 100 per cent recycled aluminium and 65 per cent recycled plastic, launched internationally in September 2022, is expected to be unveiled very soon in India. Sanmeet Kochhar, vice president of HMD Global for India & MENA, recently teased the Nokia X30 5G debut on Twitter. As per the reports, the display of the Nokia X30 5G smartphone may feature an aluminium frame and Gorilla Glass Victus protection. Talking about the specifications, the smartphone is expected to be powered by a snapdragon 695 SoC and house 256GB and 128GB of UFS 2.2 storage. With a dual camera system on the rear, a 50 MP main sensor with OIS, and a 13 MP ultrawide camera, the smartphone is expected to feature a 20:9 aspect ratio 6.43-inch FHD+ AMOLED display. Nokia has pledged three years of...
Reygar, a widely acknowledged firm providing vessel monitoring and control mechanisms, has received the InnovateUK funding to create a set of the latest functions for its patented BareFLEET monitoring system in a close partnership with Singaporean innovator, designer and producer of high-speed aluminium vessels Penguin International Limited. Penguin has been creating blueprints for a series of aluminium workboats since its inception in 1995, which it envisions spearheading the company’s growth. Penguin has accomplished building over 200 aluminium vessels until now and can be deemed as the biggest manufacturer of multi-role crew boats globally. This partnership between Reygar and Penguin will definitely yield intense results in the future, beneficial for the shipbuilding industry. This...
Vedanta Limited has extended its aluminium ingot and products price cut with effect from Tuesday, February 7. The company has reduced its aluminium ingot price by INR 6,250 per tonne or 2.58 per cent to INR 236,250-266,750 per tonne versus INR 242,500-273,000 per tonne on February 3. Vedanta’s aluminium wire rod has also seen a cut of INR 6,250 per tonne, with effect from February 7, to stand at INR 243,750-251,250 per tonne compared to INR 250,000-257,500 per tonne as of February 3 . Aluminium billet price has also experienced a cut by the same amount to come in at INR 245,250 per tonne, in contrast with INR 251,500 per tonne last week. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which continued to...
On Monday, February 6, Bahlil Lahadalia, Indonesia's investment minister, stated that the Indonesian government would continue to prioritise downstreaming the sectors of 21 commodities to draw a total investment of US$545.3 billion by 2040. Bauxite, coal, nickel, tin, copper, steel, gold, silver, asphalt, oil, natural gas, coconut, rubber, biofuel, logs, pine resin, shrimp, fish, crab, seaweed, and salt are among the 21 commodities covered by the eight sectors. The eight key sectors are forestry, plantations, marine, fisheries, and the mining, coal, oil, and natural gas industries. "If we can do it (downstreaming) well and we focus on it, it may become one of Indonesia's strategies to transform from a developing into a developed country as well as increase our per capita income from...
The rising demand for large SUVs and pickup trucks has instigated General Motors' (GM) long-term decision to continue purchasing raw metal for their flagship cars' framework, like that of the Chevrolet Colorado and GMC Canyon. In 2021, GM claimed to have invested US$46.5 million to enhance its Parma Metal Center for increased aluminium-related activities. Addressing a quarterly earning call for the period ending on January 31, General Motors declared a major profit influx, resulting in a 13% stock hike for the company's shares. The GM Parma Metal Center Plant Director, Jim Gaeschke, referred to the sources by saying: "We were a key contributor to those record-earning profits. Our customers who sit in the front seats of the GMC Canyon and Chevrolet Colorado, this part right here is where...
