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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To suffice Europe’s growing demand for battery components, Gränges has planned a SEK 600 million investment over two years to double its battery cathode foil production capacity in Finspång, Sweden, which will be active by 2025. General Motors (G.M) allotted US$55 million from the major US$918 million investment for its Defiance plant in Ohio, which houses an aluminium foundry and a machining centre. A critical fume extraction procedure was executed at a respectable aluminium foundry in Gujrat by experts from industrial air and liquid filtration firm Losma India. The National Aluminium Company Limited increased its aluminium products and aluminium ingot prices for the third time in a row, effective from January 26. It has been currently declared by General Motors (G.M.) that the company...
Vedanta Aluminium has attained the second position in world ranking according to the S&P Dow Jones Sustainability Index (DJSI) for the aluminium industry (FY2021-22). Hydro spearheads the call for sanction against Russian aluminium under provisions laid by the EU’s Critical Raw Materials Act. The Brazilian aluminium industry has vouched to depend less on imports and utilise more domestically produced metal in 2023, owing to the demand for aluminium in the inland territories. The LME aluminium price kept escalating with a slight downfall nearing the end of this week on Thursday, January 26, halting at US$2,598 per tonne, whereas the overall trajectory was by US$12.50 per tonne or 0.48 per cent if we take Monday’s data into account, which was US$2,585.50 per tonne as of Friday, January 20....
Rokit Health has introduced Nespresso-compatible aluminium coffee pods in three new flavours; Mind Boost, Immunity Boost and Mighty Matcha. These newly launched 100% recyclable aluminium coffee pods will be available in Tesco from February 2023. Rokit Health's premium coffee is rich in vitamins B2, B3, B5, B6 and B12, which acts as a booster for the brain and is also very helpful for mental aptitude. Rokit Health's wellness coffee pods are constituted of the best in class Arabica coffee, with the Mind Boost flavour being rich in vitamins B2, B3, B5, B6 and B12, the Immunity Boost flavour loaded with vitamins B6, B12, D, iron and zinc and the Mighty Matcha flavour being more organic. These aluminium coffee pods are absolutely compatible with Nespresso coffee machines. Rokit Health has the...
An acknowledged supplier of ‘Fire Safe’ aluminium facade cladding products in the region, AODELI Australia (AODELI), has publicised the appointment of Louise Kempster as the new Business Development Manager (BDM) at its head office on the Gold Coast in Queensland. She is an expert from the manufacturing and construction materials industry and will be accountable for enhancing and giving prominence to AODELI’s role within the Queensland market. With profound know-how in customer handling, negotiation, sales and operations, Louise can be deemed as the perfect person for this humungous responsibility at AODELI. The general manager of AODELI, Wayne Saunders, exclaimed: “We are delighted to have found a business development manager to join our team that has both knowledge and proven expertise...
On Thursday, January 26, MYTILINEOS S.A., a leader in the metallurgy industry with vertically integrated bauxite, alumina, and primary and recycled aluminium production, announced the full-year financial results for 2022, revealing a record net profit (after taxes and minority interest) of €466 million versus €162 million in 2021. Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 130 per cent year-on-year from €359 million to €823 million. As per the financial report published by the company, it generated an annual turnover of €6,306 million, up by 137 per cent from €2,664 million in 2021. The recommended dividend was €1.20 per share, up 176 per cent from a year ago. The key takeaway from the report is MYTILINEOS’ net debt position and its reduction to...
The Indian mining and metal giant Vedanta's board of directors has approved plans to source 91 MW of Hybrid Renewable Power, according to a regulatory filing. 50 MW will be used for aluminium operations, 16 MW for copper operations, and 25 MW for oil and gas operations across India. As a result, Vedanta will enter into Power Delivery Agreements (PDAs) through special purpose vehicles (SPVs) affiliated with Serentica Renewables India Private Limited (SRIPL). This company provides renewable energy based on solar, wind, and battery storage solutions. The decision, which is in line with Vedanta's ESG vision of "Transforming for Good", is the first in a series of steps the company will take to achieve its objectives of becoming "Net Zero Carbon by 2050 or sooner" and "using 2.5 GW of Round the...
A week later, since the last hike, National Aluminium Company Limited (NALCO) has further increased its aluminium products and aluminium ingot prices, with effect from Thursday, January 26. This marks the third consecutive escalation in NALCO’s aluminium prices. According to the latest price chart of the company, its aluminium wire rod price is being grown by INR 3,500 per tonne or 1.4 per cent to INR 247,350-251,700 per tonne. NALCO’s aluminium billets price has also seen a raise of INR 3,500 per tonne, with effect from January 26, from INR 243,800-246,450 per tonne on January 18 to INR 247,300-249,950 per tonne on January 26. Aluminium ingot price currently stands at INR 242,850-246,350 per tonne, also up by INR 3,500 per tonne from INR 239,350-242,850 per tonne a week earlier. NALCO...
Aluminium Stewardship Initiative has awarded PT Indonesia Asahan Aluminium (INALUM) Persero the Performance Standard V3 (2022) Certification for the smelting plant at Kuala Tanjung, Indonesia. Asahan Aluminium (INALUM) Persero is the first company to have received the updated Performance Standard V3 certification, which was launched in May 2022 following multiple revisions over the years. INALUM produces aluminium ingot, aluminium billet and aluminium alloy, with an approximate production capacity of 250,000 tonnes per year. The ASI Performance Standard V3 certification defines 11 principles and 62 criteria under three sustainability pillars - Environment, Social, and Governance to address pressing sustainability issues in the aluminium value chain, like biodiversity, circularity, and...
The world’s biggest premium aluminium manufacturer, Emirates Global Aluminium (EGA), reported that it catered 203,000 tonnes of waste to other industries as feedstock in 2022. The quantity was almost twice as much as the EGA produced in 2022, resulting in lower stocks than in prior years and a 40 per cent increase in 2021 as the economy recovered from COVID-19. EGA has collaborated with other businesses in the UAE for more than a decade to identify profitable use for aluminium manufacturing waste. Reuse helps create a circular economy by keeping waste out of landfills and minimizing the need to use new natural resources. The most significant by-product of the aluminium smelting process, and one EGA leads the world in recycling, is discarded pot lining. Experts in the field estimate that...
The Naibulu Mine in Dreketi, Fiji, owned by Xinfa Aurum Exploration, is yet to resume exporting bauxite because of its low-grade issues. Filimoni Vosarogo, Fiji's Minister of Lands and Mineral Resources, said, "The Company is looking for ways to improve quality to resume exports." However, it has been reported that the company has not exported bauxite in nearly four years. Vosarogo added, “The Company is stockpiling for now. It's not up to the quality that is needed for export that is exportable. That's probably why they are collecting at the moment and looking at mixing it with the one they are going to mine in Australia to improve the quality they will export to their primary market." “Currently, the company holds a prospecting licence in Wainunu, Bua. If that progresses to mining,...
According to S&P Dow Jones Sustainability Index (DJSI), Vedanta Aluminium, India’s largest aluminium producer, has achieved the 2nd spot position in world rankings for the aluminium industry for FY2021-22. The S&P Dow Jones Sustainability Index is the world-class benchmark to assess the companies’ performance in terms of economic, environment, and social criteria. Vedanta Aluminium has moved up two spots from the 4th rank in FY21, turning into the second most sustainable aluminium producer globally. More than 10,000 companies from various industries go through annual assessments of sustainability practices, of which only a few get selected for inclusion in the list. Vedanta Aluminium has achieved better ranking based on Environment, Social and Governance (ESG) criteria, including...
In accordance with global sustainability goals, Novelis will invest R$ 6 million in February 2023 to install nearly 1,000 photovoltaic solar energy panels in Brazil's 14 aluminium can collection centres. The sum includes the cost of replacing gas-powered forklifts with electric machines. Beatriz Sobreira, the Senior Manager of Strategy and Sustainability at Novelis, Brazil, said, "This investment marks Novelis' first project in Brazil with a solar energy source. Our objectives of decarbonizing and producing increasingly sustainable aluminium are priorities for the company. We are focused on moving forward with initiatives that bring us closer to achieving these goals." The collecting centres will be self-sufficient in energy use thanks to the new sources, which can produce 603.8 MWh of...
The LME aluminium benchmark price slipped on Thursday, January 26, after three consecutive days of rise. While the LME aluminium cash bid price shrank by US$8.5 per tonne or 0.33 per cent to US$2,597 per tonne, the LME aluminium official settlement price contracted by US$8 per tonne to stand at US$2,598 per tonne. However, the 3-month bid price and the 3-month offer price recorded an increase of US$2.50 per tonne and US$3.50 per tonne, respectively, to peg at US$2,640 per tonne and US$2,642 per tonne. December 24 bid price and December 24 offer price grew by US$7 per tonne to rest at US$2,780 per tonne and US$2,785 per tonne. The LME aluminium opening stock accumulated 37,875 tonnes on Thursday, January 26, to amount to 419,425 tonnes, following a restraint on the previous day. Live...
In the first nine months of the current Iranian calendar year (March 21–December 21, 2022), Iran's aluminium ingot production increased by 19 per cent compared to last year. According to statistics, the production of aluminium ingot increased from 398,610 tonnes in the same time last year to 474,601 tonnes in the first nine months of this year. South Aluminum Corporation (SALCO), one of the country's four major producers, produced the most aluminium ingots in the first nine months of the current year—203,231 tonnes followed by Iranian Aluminum Company (IRALCO), which produced 132,394 tonnes, Almahdi Aluminum Company, which produced 11,479 tonnes, and Iran Alumina Company, which produced 27,497 tonnes. According to data previously released by the Iranian Mines and Mining Industries...
As the European Union developed its Green Deal industrial plan, European Commissioner Thierry Breton encouraged European bankers to provide finance to producers of minerals essential for the energy transition. On March 8, the EU will introduce its Critical Raw Materials Act, ensuring that the bloc has access to the lithium, cobalt, nickel, manganese, and graphite needed for electric vehicles. Breton emphasised two crucial problems. The first is an overreliance on some nations, such as China, a significant manufacturer of commodities like magnesium used in machinery, automobiles, and electronics. The second is the "colossal" rise in demand that is anticipated. Energy-intensive sectors like aluminium, among others planning to move output outside the group due to rising power costs following...
Hindalco Industries Limited increased its aluminium products prices by INR 2,000 per tonne, with effect from January 25. That brought the company’s aluminium wire rod price to INR 253,600 per tonne versus INR 251,600 per tonne on January 21. Hindalco’s aluminium billets price came in at INR 256,600 per tonne as of January 25, compared to INR 254,600 per tonne in the previous week. Aluminium ingot price also saw a rise of INR 2,000 per tonnes on Wednesday, January 25, to reach INR 242,500 per tonne from INR 240,500 per tonne on January 21. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which grew by US$20.50 per tonne during January 20-25 to stand at US$2,606 per tonne. Aluminium operations of the...
Gränges plans to invest SEK 600 million over two years to double its battery cathode foil production capacity in Finspång, Sweden, to meet Europe's growing demand for battery components. The new capacity is expected to be operational in 2025. Jörgen Rosengren, the CEO of Gränges, said, “Gränges started to invest in this area in 2021. Recently, we have experienced very high interest in our battery and electrification solutions from battery manufacturers and automotive OEMs. Our market launch plan for battery cathode foil is ambitious: Asia in 2022, Europe in 2023 and the Americas in 2024. A recently made agreement with a leading global battery manufacturer consumes our initially planned production capacity in Europe. To keep up a high pace, we are now investing in doubling our capacity for...
Aluminium Stewardship Initiative (ASI) has acknowledged ASAŞ Alüminyum San. Ve Tic. A.Ş. (ASAŞ Alüminyum) with the Performance Standard certification for the manufacture of alumuminium flat rolled products, aluminium profile, composite panels, PVC profiles, and shutter products at its Akyazı and Karapürçek production facilities in Türkiye, and headquarters located in Istanbul, Türkiye. ASAŞ Alüminyum is in aluminium extrusion business since 1992. It produces finished and semi-finished rolled and extruded aluminium products destined for the building and construction, commercial vehicles, rail transport, aerospace, automotive, solar panel, electronics, machinery, consumer goods, lighting, and furniture. On receiving the certification, Derya Hatiboğlu, General Manager at ASAŞ, said: “We...
