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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MAAN Aluminium, an India-based aluminium products manufacturer and seller, announced its third quarter results that ended December 31, FY2023, reporting net sales of INR 189.62 crore versus INR 188.20 crore in the September quarter. The data indicated the company’s Q3 net sales improved marginally by 0.75 per cent from Q2 but recorded a significant growth of 15.31 per cent from INR 164.44 crore in Q3 FY2022. Net profit for Q3 FY23 stood at INR 14.01 crore, up by 6.95 per cent from 13.10 crore in Q2 and 257.4 per cent more than INR 3.92 crore in Q3 FY2022. MAAN Aluminium’s EBITDA stood at INR 20.85 crore in the December quarter, which also reflected a hike of 179.49 per cent year-on-year from INR 7.46 crore. Earnings per share increased to INR 10.37 in the third quarter of the current...
LME aluminium fell to around US$2,570 per tonne after opening at US$2,607 per tonne last Friday and closed at US$2,566 per tonne, down 1.48 per cent. On Friday, February 3, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$14 per tonne or 0.54 per cent and US$12.5 per tonne or 0.48 per cent to stand at US$2,558 per tonne and US$2,560 per tonne. 3-month bid price and 3-month offer price slipped by US$14 per tonne or 0.53 per cent and US$15 per tonne or 0.57 per cent to peg at US$2,593 per tonne and US$2,594 per tonne. December 24 bid price and December 24 offer price dipped by US$13 per tonne or 0.46 per cent to score at US$2,755 per tonne and US$2,760 per tonne. LME aluminium opening stock settled at 395250 tonnes. Live warrants and Cancelled...
On February 1, Aluminium Stewardship Initiative certified Binzhou Hongzhan Aluminium Technology Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against its Performance Standard V2 (2017) for the research & development, and production and sales of aluminium alloy rolled products. Binzhou Hongzhan Aluminium Technology Co., Ltd. mainly produces and sales transportation aluminium alloy materials and high precision aluminium plates and strips. The ASI Performance Standard V2 defines environmental, social and governance principles and criteria address sustainability issues in the aluminium value chain. On receiving the certification, Li Zhenlai, General Manager at Binzhou Hongzhan Aluminium Technology Co., Ltd., said: “Green and sustainability are the foundation of our...
The global industry leader in aluminium, alumina and bauxite, Alcoa Corporation, announced that most of the workers at its San Ciprián complex in Spain had consented an upgraded plan to reactivate the aluminium smelter in 2024. Alcoa announced a two-year hiatus in December 2021 to focus on developing ideas for a more robust smelting operation, which sky-high energy costs had challenged. The company signed two long-term wind power purchase agreements (PPAs) in 2022, securing up to 75 per cent of the smelter's requirements at total capacity. The approval and construction of the wind farms will determine the energy supply. Under the revised agreement with the workforce, a step-by-step timeline for the restart process, which will start in January 2024, is provided. The deal also includes...
The recycled aluminium sector is the most prominent budding department in the industry. This week, Italy-based Inca Packaging vouched to introduce new packaging variables for 2023 using sustainable design ideas focusing mainly on recycled aluminium. The District Council of Oregon has charged Hydro Extrusions USA for air pollution its facilities cause around the area, and the Norwegian aluminium head has pleaded guilty. Sweden’s Stena Aluminium, the leading producer of recycled aluminium, has been approached by the country’s electric performance car company, Polestar for materialising the Polestar 0 Project with raw materials from the former. Lastly, there was news about Finnish recycled aluminium producer Kuusakoski Group Oy spending 25 M€ for a new production line housed at the recycling...
The Brisbane Broncos have successfully forged a partnership with leading fibreglass or aluminium ladder maker Bailey Ladders hailing from Australia. Active under the mother organisation Werner Co Australia, the company is one of the biggest providers of ladders for trade, household or industrial applications. Established in 1970, Bailey Ladders have been supplying sturdy fibreglass or aluminium ladders for various essential purposes. As we think about the most crucial use of aluminium, ladders often pass over our mind, but in fact, it is the most commonly found object on the planet. Every house has an aluminium ladder in the basement which becomes a saviour during certain maintenance chores. The two-year agreement with Bailey as a Platinum sponsor of the Brisbane Broncos NRL team will...
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced a settlement with the Russellville-based aluminium rolling mill regarding alleged violations of the federal Lead Renovation, Repair, and Painting regulations (RRP) at the renovation projects carried out by Logan Square Aluminum and its contractors in Chicago and the Chicago suburbs. The Innovative Manufacturing Cooperative Research Centre (IMCRC) in Melbourne, AML3D Limited in Edinburgh, and the Institute for Frontier Materials (IFM) at Deakin University in Victoria joined forces to develop a brand-new high-strength aluminium wire feedstock. LG Energy Solution and Jiangsu Dingsheng New Energy Materials Co., Ltd., a producer of aluminium plates, strips, foils, and other products, inked a supply and...
On January 31, 2023, the US Customs and Border Protection began issuing "detention notices" for such products, which the Danish shipping company, active in ocean and inland freight transportation and associated services, A.P. Møller – Mærsk A/S said on its website that the action would most likely target aluminium used in automotive parts. The US and other nations have accused China of using forced labour in Xinjiang, which Beijing has denied. This dispute is just one of several between the world's two largest economies, which increasingly view one another as their main geopolitical rival. Mao Ning, the spokeswoman at China’s Foreign Ministry, when asked about the issue at a regular press briefing in Beijing, stated that the US was politicizing trade issues and destabilizing supply chains...
Vedanta Limited reduced its aluminium ingot and aluminium products prices by INR 3,000 per tonne on Friday, February 3, following an increase of INR 7,000 per tonne on the previous day. On February 3, Vedanta’s aluminium ingot price came in at INR 242,500-255,500 per tonne, compared to INR 245,500-258,500 per tonne on February 2. Vedanta’s aluminium wire rod price ranged between INR 250,000-257,500 per tonne as of February 3, also down by INR 3,000 per tonne from INR 253,000-260,500 per tonne on the previous day. Aluminium billet price stood at INR 251,500 per tonne versus INR 254,500 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased by US$51 per tonne from US$2,611 per tonne on...
This week, the end-user aluminium sector has seen extensive advancements, with Trimet and Nexans joining hands to develop a recycled aluminium feedstock to create sustainable electrical wires. Amcor, a packaging firm hailing from Australia, has opened a new high-tech flexible packaging plant in Huizhou, China, to suffice the emerging demand for eco-friendly aluminium or paper packaging options. Monster Beverages has allied with CANPACK to release the latest Lewis Hamilton Zero Sugar limited edition energy drinks in aluminium cans. POSCO Chemical Company has signed a ten-year supply agreement for NCMA (Nickel Cobalt Manganese Aluminium) cathode materials with EV battery producer Samsung SDI to enhance the Electric Vehicle market in the long run. It has been calculated by Grand View...
The aluminium industry and its urge to move towards a low-carbon-induced environment can be considered one of the most critical concerns. The government of New South Wales pledged to collaborate with the region's most emission-prone sectors to transform them into low-carbon facilities. Apart from this, aluminium companies like Alba, MYTILINEOS also announced their full-year financial results. Alba released its Q4 and full-year 2022 financial results, which revealed a significant decline of 78% in Q4 year over year from BD181.2 million (US$481.8 million) to BD39.4 million (US$104.9 million). For MYTILINEOS, the company had recorded a net profit (after taxes and minority interest) of €466 million compared to €162 million in 2021. Another significant achievement can be the recent...
On Friday, February 3, Qatar Aluminium Manufacturing Company, a Qatari Public Shareholding Company, popularly known as QAMCO, announced its financial result for 2022 ended December 31, reporting a record net profit of QR919 million, up by 10.13 per cent from QR 834.5 million in 2021. The company’s basic and diluted earnings per share also rose to QR0.165 per share to QR0.150 per share. In regards to this financial performance, Mr Abdulrahman Ahmad Al-Shaibi, Chairman of the Board of Directors of QAMCO, commented: “While macroeconomic context remained uneven, we continued our focus on operational excellence, cost optimization, operational flexibility, safety & sustainability, which resulted in an excellent set of financial results. Our firm belief and commitment to HSE has successfully...
On February 3, 2023, Constellium announced the completion of the sale of its Ussel foundry to French Investment Holding Noe Industries. Among its many markets and applications, Constellium develops innovative and value-added aluminium products for aerospace, automotive, and packaging. Constellium generated a total of €6.2 billion in 2021. The Ussel facility specializes in precision casting for aerospace and defence, with 250 employees and 20 million euros in revenue in 2021. Following the completion of the regulatory information and consultation process for employee representative bodies, this announcement is being made. However, the terms of the transaction have been kept confidential.
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 113,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, February 2, the inventories totalled 104,70,00 tonnes, which in comparison with the last Monday of the previous month, January 30, escalated by 61,000 tonnes. However, the inventories in China recorded a surge of 181,000 tonnes from the same period last year. This can entirely be attributed to the reopening of the metal market after the elongated Chinese New Year Holidays. Actually, most of the downstream units will not regain full production rate until the Lantern Festival is over, leaving the prevailing trading arena for the basic traders. As SMM claims, some of the cargoes are...
According to a recent analysis by Grand View Research, Inc., the size of the worldwide beverage cans market is anticipated to exceed USD 59.6 billion by 2030. From 2023 to 2030, the market is expected to grow at a CAGR of 5.3 per cent. Aluminium cans are becoming increasingly popular because of their superior qualities, namely their lightweight and the expanding aluminium recycling industry. The primary factor driving market expansion is consumer desire for highly portable and excellent beverage packaging for protection from the outside environment. With a maximum volume share of 95.1 per cent in 2021, the aluminium category now dominates the market, and it is expected to continue to do so from 2023 through 2030. Due to the advantages of aluminium, the market is also anticipated to...
Hindalco Industries Limited has curtailed its aluminium products prices by INR 3,250 per tonne or 1.25 per cent, with effect from February 3. That brought the company’s aluminium wire rod price to INR 252,600 per tonne versus INR 255850 per tonne on February 2, up by INR 7,250 per tonne from 248,600 per tonne on February 1. Hindalco’s aluminium billets price has also been reduced by INR 3,250 per tonne on February 3, after a significant increase on the previous day. On February 2, Hindalco’s aluminium billets price was lifted by INR 7,250 per tonne to INR 258,850 per tonne but slashed the next day to INR 255,600 per tonne. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 241,500 per tonne as of February 3 versus INR 244,750 per tonne on February 2. Hindalco links...
A surge in demand for aluminium is augmenting the revenue accumulation of Press Metal Aluminium Holdings Bhd, giving the company the best benefits of a structural demand shift in Malaysia's economy, as was noted by the country's indigenous research lobby, RHB. A company statement said: "We expect the current supply tightness caused by the continued Russia-Ukraine war, the matured stage of the monetary cycle, and the reopening of China's economy to continue lending support to aluminium prices." RHB states that despite a subtle topline growth in Q4 2022 to 1 per cent Y-o-Y considering the linear aluminium prices, core earnings should spike to 16 per cent owing to the reducing alumina price. In January, the average alumina-to-alumina cost proportion halted at 13.8 per cent, widely retaining...
According to a recent report, the State Administration for Market Regulation (SAMR), the ministerial-level agency directly under the State Council of China, together with the Standardization Administration of the People’s Republic of China, has issued energy consumption ceilings for aluminium and alumina production per unit of product. This will come into effect from January 1, 2024. Aluminium, being an energy-intensive metal, consumes the lion’s share of power, with thermal being the dominant source. Its production process is accompanied by high energy consumption and high carbon emissions. Following China’s “dual carbon” goal (carbon peak and carbon neutrality), the country’s aluminium production capacity contracted, with constrained capacity utilization rates. SMM data showed China’s...
