Aluminium prices gained 0.43 per cent as reduced Gulf production and low exchange inventories supported the market, while Chinese output and capacity restarts could limit further gains. Aluminium prices settled 0.43 per cent higher at INR 348.65 (USD 3.63) as tight physical supply conditions supported the market. Disruptions linked to the US-Iran tensions have affected aluminium availability from the Gulf region, with Gulf Cooperation Council (GCC) production falling 44 per cent year-on-year in July. Low exchange inventories have added to supply concerns. London Metal Exchange (LME) stocks remained near a 36-year low, while inventories on the Shanghai Futures Exchange (SHFE) declined 4.7 per cent from the previous week. However, expectations of improving supply have limited the market’s...
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...
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LME aluminium opened at US$2,155 per tonne on Friday, with its high and low at US$2,178.5 per tonne and US$2,147 per tonne, respectively, before closing at US$2,151 per tonne, a decrease of US$6.50 per tonne or 0.30 per cent from the previous trading day. On August Friday 25, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$4 per tonne or 0.18 per cent and US$4.5 per tonne or 0.21 per cent to settle at US$2,123 per tonne and US$2,124 per tonne. As per the London Metal Exchange (LME), the 3-month bid price and 3-month offer price went down by US$2 per tonne or 0.09 per cent and US$2.5 per tonne or 0.11 per cent to close at US$2,160 per tonne and US$2,160.50 per tonne. December 24 bid price and December 24 offer price skids by US$3 per tonne or 0.12...
Aluminium Stewardship Initiative (ASI) members Ball Corporation and Cervejaria Masterpiece have come together to introduce the first-ever ASI logo on a beverage can. The ASI logo will be featured on the newly launched Donatello Barley Wine. This partnership reflects the aluminium sector's commitment to sustainable practices in production, management, and sourcing. The first can to bear the ASI's Responsible Aluminium Sourcing logo is a major milestone since it exemplifies the implementation of sustainable practises across the aluminium value chain. It displays the concrete result of responsible sourcing. The ASI on-product badge assures customers that the aluminium used in Cervejaria Masterpiece's Donatello Barley Wine satisfies the specifications outlined in ASI's Standards. Placing the...
On August 24, 2023, a senior official from the concerned department stated that establishing a collaborative monitoring system to oversee aluminium and steel exports from India to the US is nearing completion. This system must be in place before shipments of these metals from India can be introduced into the US market without incurring additional tariffs. The official added that establishing a collaborative monitoring mechanism is in its concluding phases. This framework will facilitate the oversight of exports for these goods and promptly resolve any disputes. In 2018, the administration of former President Donald Trump introduced extra tariffs on import s of these two metals using a national security statute. These tariffs amounted to 10% for aluminium and 25% for steel, and they were...
The end-user aluminium sector witnessed several innovative product launches this week like PULSE+ water’s new aluminium bottle, Vook E-trike tricycle featuring a robust aluminium frame, the new F77 Space Edition electric motorbike featuring aerospace-grade aluminium, and TVS Motor’s electric scooter TVS X. Even a prestigious award of the industry Aerobal’s World Aluminium Aerosol Can Award 2023 was announced. PULSE+ Water, dedicated to offering high-quality, pure, and long-lasting hydration choices, lauchned new eco-friendly aluminium bottles, setting a remarkable example by considering the planet’s well-being and the demand for endurable bottles. The lack of a truly natural and healthful water source prompted the company’s founders to launch the new bottle. To know more:...
The primary aluminium sector has been busy with various crucial activities last week. As the world moves toward a sustainable, carbon-free future, energy-intensive industries must turn their production lines greener to achieve Net Zero. The Chalco Qinghai Branch was among the top Ten Chinese Companies to receive the "Green Power Aluminium Evaluation Certificate" for using sustainable energy to make electrolytic aluminium products. The initiative aims to promote eco-friendly and high-quality development within the industry. Mahanadi Coalfields Limited wants to invest INR 34,072 crore in a Greenfield aluminium project in Odisha. The project will include a refinery, smelter, and power plant, and the company plans to extract bauxite to produce aluminium ingots. They plan to inject INR 10,222...
The downstream aluminium sector witnessed various events in the week started from August 21, 2023. The global aluminium foil market is expected to grow from $26.3B in 2022 to $42.3B in 2032 due to its effective packaging properties. The US witnessed a continuous rise in aluminium imports, reaching 407,000 tonnes in May 2023. China's Innovation New Material invests $197M in a Mexican factory for aluminium alloy bars. The global aluminium foil market is poised for strong growth, predicted to rise from $26.3 billion in 2022 to $42.3 billion in 2032, mainly due to its effective barrier properties that cater to packaging needs. The United States and Europe, with a 2022 market value of $8.69 billion, are expected to maintain a 5 per cent CAGR till 2030. To know more: https://bit.ly/45ljgxm The...
Ultimate Catamarans, located in Germany, has announced collaboration with ISKRA Shipyard in Croatia. The relationship will aid in constructing and delivering the Spaceline Design Power Catamarans, bringing together both firms' experience and new technology. ISKRA Shipyard hopes to use its expertise in shipbuilding by cooperating with Ultimate Catamarans to construct and deliver pioneering luxury catamarans that will impact the market. "The collaboration with Ultimate Catamarans marks a significant milestone for ISKRA Shipyard, propelling us into the elite realm of luxury superyachts. This venture presents us with a unique opportunity to merge our renowned expertise in aluminium shipbuilding with the extensive experience gained from refurbishing over 100 yachts annually," stated Roko...
Vedanta's Chairman Anil Agarwal has declared that Vedanta's board is thinking of demerging and separately listing some or most of its businesses, like iron & steel, oil & gas and aluminium, to unbolt shareholders' incentives. The parent company, Vedanta Resources, based in London, will prevail as a holding firm of diversified mining entity Vedanta Ltd. At the same time, some of its counterparts will start acting as independently listed companies. The Chairman spoke out in a video message: "This means if you have one share of Vedanta Ltd, you will have many shares of other (demerged) companies." In November 2021, Anil Agarwal first spoke about spin-offs, demergers and strategic alliances. He said the new advancement would help Vedanta achieve streamlined activities, permitting great value...
Did you ever wonder how it would feel to have your personal flight machine parked in front of your gates? The emerging Advanced Air Mobility (AAM) industry has been working to make this dream a reality, and Rotor X, based in Chandler, Arizona, is the latest company to join the club with its Personal Air Vehicle (PAV) with an aluminium frame. Rotor X's Dragon is a fully electric Personal Air Vehicle (PAV) with a lightweight yet sturdy aluminium chassis and a maximum capacity of 250 lbs (113 kg). It can fly for up to 20 minutes on a single charge and recharging takes less than two hours. Eight electric 16 kW motors power the Dragon and can reach a top speed of 63 mph (101 kph). One of the standout features of the Dragon is its power system, which includes separate, independent battery packs...
Recycling is an integral part of a sustainable environment, and the aluminium industry is experiencing substantial development with a strong focus on sustainability, in which recycling plays an important part, making it a top priority for manufacturers and consumers. Six new recycling initiatives will receive more than $12.79 million in combined financing, diverting about 69,000 tonnes of garbage from Queensland landfills each year. The investment by the federal and state governments will improve trash recycling capacities across South East Queensland, including the Gold Coast, Logan, Toowoomba, and Brisbane, as well as Rockhampton. The Kriaris Recyclables Processing in Rockhampton will build and run an updated baler and conveyor for aluminium beverage containers, liquid paperboard, and...
On August 25, 2023, three sources directly engaged in quarterly pricing discussions revealed that a worldwide aluminium manufacturer has proposed a premium of $120 per tonne to Japanese buyers for primary metal shipments scheduled for October to December, as reported by globally recognized news agency Reuters. This figure reflects a 6 per cent decrease from the current quarter's premium. Japan holds the title of Asia's largest importer of metal, establishing the standard for the region through the premiums it agrees to pay each quarter for primary metal shipments over the London Metal Exchange (LME) cash price CMAL0. Japanese buyers agreed to pay a premium of $127.5 per tonne for the July-September quarter, nearly in line with the prior quarter's levels.
PATH has collaborated with Paramount Consumer Products to launch two limited-edition Teenage Mutant Ninja Turtles: Mutant Mayhem bottles, which are exclusively available at Target stores nationwide and online. These 16.9-ounce aluminium bottles contain ultra-purified still water enriched with electrolytes and a balanced 7.5 pH. Furthermore, they are BPA-free, 100% recyclable and refillable and will be sold for $1.99 each. This launch coincides with the release of the latest feature film from Paramount Pictures, Nickelodeon Movies and Point Grey, "Teenage Mutant Ninja Turtles: Mutant Mayhem," which is currently showing in theatres. PATH has been actively participating in the battle against single-use plastic through collaborative efforts with other brands. They are also committed to...
According to the US Census Bureau data, the United States exported 30,900 tonnes of aluminium scrap to Malaysia in May 2023. Compared to 34,100 tonnes in the previous month, the US aluminium scrap exports recorded a decline of 3,200 tonnes or 9.38 per cent. The downtrend continued from the previous month when the export volume decreased by 11.43 per cent from 38,500 tonnes in March. However, on a year-on-year calculation, the United States aluminium scrap exports in May registered an increase of 12.96 per cent from 27,000 tonnes. In the first five months of 2023, the United States aluminium scrap exports to Malaysia totalled 165,000 tonnes – 87.78 per cent or 30,000 tonnes more than 135,000 tonnes during the corresponding period of the last year. Malaysia is the second-largest importer of...
As the year's first half almost winds up, AL Circle feels excited to announce the launch of its latest panoramic report, Digital Transformation in the Aluminium Industry , which cites the major digital upgrades in the aluminium value chain and justifies its usage. The report features a comprehensive study on data analytics, automation, IoT (Internet of Things), AI, Industry 4.0, blockchain and deep learning. The aluminium industry uses extensive energy and has a vast operational base, with multiple actions happening simultaneously to achieve a particular state. From bauxite mining to alumina refining and from primary aluminium production to downstream and end-user processes, it is imperative to track every activity for minimum material loss and quality inspection. Currently, the aluminium...
The initial roster of Chinese enterprises awarded the "Green Electricity Aluminium Product Evaluation Certificate" and "Green Electricity Aluminium Procurement Certificate" was disclosed on July 4 th , 2023. Among the pioneers, Chalco Qinghai Branch secured its position as one of the premier ten companies nationwide to successfully meet the standards for green power aluminium assessment. Notably, it is the sole entity within the Chinalco group to attain the esteemed "Green Power Aluminium Evaluation Certificate." The initiative, "Green Electricity Aluminium Evaluation", was undertaken by the China Nonferrous Metals Industry Association to foster environmentally friendly and low-carbon progress within China's aluminium sector. The primary objective was to distinguish electrolytic aluminium...
The Aluminium Stewardship Initiative has announced the joining of Kunshan Chaoqun Metal Products Co., as a New Production and Transformation member. Located in Zhangpu Town, Kunshan City, between Shanghai and Suzhou, the company specialises in producing 36 specifications of deformed aluminium alloy bars and special grades of aluminium alloy ingots from Series 1 to 7. Kunshan Chaoqun was established in 2009 and brought into operation in April 2010, with a registered capital of RMB 100 million. The company covers an area of 42,000 square metres, and its building area is 25,000 square metres. Currently, the firm is operated by more than 116 employees, including ten professional technical personnel and twelve quality management personnel. The annual production of cast rods is 80,000 tonnes,...
TVS Motor Company, a respected producer of two and three-wheelers, debuted its much-awaited flagship crossover electric scooter, TVS X, with a slew of industry-first features as part of its commitment to provide sustainable transportation solutions internationally. The TVS X is constructed on an all-new platform with a high-quality cast aluminium alloy frame as its central piece. The debut represents a major step forward in the development of electric transportation. The TVS X is India's first electric scooter with single-channel ABS, which improves braking safety. It is powered by a 4.4kWh battery with a range of 140km on a single charge. A Smart X Home quick charger can charge the battery from 0 to 50% in 50 minutes (with an optional 3kW fast charger add-on), while a portable 950W...
The Shanghai Metals Market (SMM) on Friday, August 25, reported that China's A00 aluminium ingot price has gained RMB20 per tonne to score at RMB 18,830 per tonne, with the average prices standing between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract price is expected to be traded at a premium price of RMB 170 per tonne and RMB 210 per tonne. The domestic aluminium ingot prices have expanded by RMB 380 per tonne M-o-M from RMB 18,340 per tonne recorded on July 25. As of today, the price in Gongyi has hiked by RMB 30 per tonne to settle at RMB 18,720 per tonne. The prices in Hangzhou, Chongqing and Linyi have ascended by RMB 20 per tonne to reside at RMB 18,830 per tonne, RMB 18,810 per tonne and RMB 18,830 per tonne. In Wuxi, the price has moved up by RMB 10 per tonne...
