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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The Indian imported aluminium scrap market encountered significant challenges this week, with scrap prices experiencing a sharp decline of up to 5.8 per cent week-on-week. This reduction was primarily attributed to a scarcity of favourable offers aligning with lower futures, resulting in decreased buying inquiries and subsequently hampering transaction volumes, especially in specific regions. Presently, the aluminium scrap market is grappling with subdued demand, a direct consequence of lacklustre activity observed within the metal futures exchanges. This has triggered a prevailing bearish sentiment across the industry. The subdued state of the metal futures exchange has adversely impacted investor confidence, exerting a noticeable effect on both trading volumes and price trends. As a...
Real Betis Balompié, a Spanish professional football club, has joined hands with an open environmental platform, Forever Green, to introduce sustainable practices in sports fields associated with the game. Among the activities promoted are recycling and collection of aluminium cans, installing trash bins at each corner and replacing plastic with 100% recyclable aluminium bottles. Real Betis Balompié has successfully hoisted its Forever Green flags, which aim to raise awareness among fans about the effects of climate change. This year, for the first time, the festivities have been extended to the rest of the sporting sections of the club. The initiative included 34 activities around match day actions, specifically designed to spread the message of the fight against climate change and...
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies, announced the first quarter results of FY2023-24 ended June 30, revealing a net profit of INR 2,454 crore, up by 1.75 per cent Q-o-Q from INR 2,411 crore, driven by a recovery in Novelis business. However, on a year-on-year basis, the profit edged a fall of 40.42 per cent from INR 4,119 crore. It is to be noted here that Hindalco's net profit grew sequentially in Q1 despite the fall in revenue from operations. Hindalco's Q1 revenue stood at INR 52,991 crore, down by 5.13 per cent from INR 55,857 crore in Q4 FY2023, contributed by the downstream aluminium business. Hindalco's Q1 revenue from the downstream aluminium was INR 2,435 crore against 81,000 tonnes of sales versus INR 2,738 crore against 90,000...
Britvic adds the UK's fastest growing 'ready to drink' iced coffee brand to its portfolio. Britvic's Board of Directors announced the purchase of Jimmy's Iced Coffee. Jimmy's Iced Coffee, founded in 2010, is the fastest-growing ready-to-drink iced coffee brand in the market, and it comes in aluminium bottles . It achieved a retail sales value of £17m in the fiscal year ending June 2023, a 43% increase over the previous year. The UK ready-to-drink iced coffee industry is enormous and rapidly increasing, with a retail sales value (RSV) of £280m last year, representing a 15.3% annual rise. Jimmy's Iced Coffee is the UK's fastest-growing RTD iced coffee brand. With over 10,000 distribution sites, Jimmy's iced coffee is sold every 2.5 seconds, 24 hours a day, 7 days a week. Jimmy's was founded...
The age-old bike manufacturing company "Yamaha" builds its motorcycles out of aluminium for its corrosion resistance, even when exposed to saltwater. In 2024, Yamaha's Tracer 9 GT will enhance things by incorporating radar technology along with a number of modifications on the new Tracer 9 GT+ model, which will sell for $27,599 ride-away in the Icon Performance colour scheme. The sports tourer offers a new ACC and radar-assisted Unified Brake System. Additionally, the system recognizes the use of indicators to check overtaking motion and speeds up or down accordingly. After a gear-dependent minimum speed of 30/40/50 km/h, the ACC can be changed in 1 or 10 km segments which are at variance from the traditional system. In light of the environmental challenges, Yamaha Motor Company has...
Emirates Global Aluminium, a prominent industrial organisation in the United Arab Emirates, has recently announced its successful expansion of the Kenzen wearable technology platform. This revolutionising technology has been made available to 350 employee volunteers as part of EGA's 'Beat the Heat' initiative this summer. It is well known that heat-related illness poses a significant threat to outdoor workers, particularly during the UAE summer. However, EGA has been steadfast in its commitment to eradicating this issue for over a decade now. The Kenzen wearable technology platform is an innovative solution that can help protect outdoor workers by continuously monitoring body temperature, heart rate, activity, and other vital body indicators. With this real-time data, both the wearer and...
Interwaste, a renowned local trash management company, has renamed its Tops to Tags campaign, which has been running since 2011, to Give2Green. The drive would encourage businesses, schools, and community initiatives to send in aluminium cans, bottle tops, and white office paper to make sanitary pads or wheelchairs, which will then be handed to needy people. According to the Give2Green project, the recycled waste will entitle the participant to give a specific quantity of free sanitary pads or a wheelchair to a charity or recipient of their choice, like 50kgs of aluminium cans corresponding to 60 packs of sanitary pads. Bread tags, however, are no longer part of this scheme; for every 250kgs of bottle tops or white office paper handed in, 60 packages of sanitary pads will be supplied....
AMAG Austria Metall AG, the biggest company in the Austrian aluminium industry sector, recently achieved the best ESG rating from Sustainalytics yet again. Of 39 aluminium companies being evaluated worldwide, AMAG won the best rating, which testified the company had the lowest environmental risks. AMAG's ESG program was rated comprehensive and effective by Sustainalytics, which brought the company to the 2nd position out of 223 companies from the global metals industry. AMAG achieved this rating after a multi-stage evaluation, whereby factors like environmental performance, resource conservation, compliance with human rights, and supply chain management were closely monitored. AMAG was also evaluated based on to which extent it is exposed to various ESG risks and how well the company...
French luxury cosmetics maker Caudalie is eager to launch a new spot acne treatment packed in 100% recyclable aluminium tubes. With this sustainable approach, the brand wishes to appeal to the newer generation in South East Asia that is quite active on the eco-geographic front. Caudalie's Vinopure Salicylic Spot Solution will be officially unveiled around South East Asia in August. This will be the brand's much cheaper and pocket-friendly series. The French alchemist has kept the prices in check so that this new launch might attract a swarm of skin-conscious young minds that still have their pocket money to rely on. The general manager of South East Asia, Australia, and New Zealand, Caudalie, Jean-Christophe Samyn, stated: "It's important for us to recruit the next generation of fans....
Cosmetic startup Wild has launched its new liquid cosmetics in refillable container developed by London-based design and innovation consultancy, Morrama. The refills are said to be 100 per cent plastic-free, biodegradable to reduce single-use plastic waste and are packaged in lightweight aluminium outer bottles. The refills are manufactured from 70 per cent bamboo starch and 30 per cent plant starches derived from agricultural waste. The new casing of Wild is composed of recyclable aluminium and encloses the bamboo refill to protect it from water and humidity. It was designed to match the deodorant's elegant look. Although the pump is composed of plastic, it contains 50 per cent post-consumer recycled material. According to the reports, half of British people recycle their bathroom...
International Environmental Product Declaration (EPD) has reportedly verified Vedanta Aluminium’s range of products, confirming that India’s largest aluminium producer is committed to achieving the highest industrial standards in sustainable production. Vedanta’s primary aluminium products scored well in Life Cycle Assessment (LCA) on parameters like energy consumption, greenhouse gas emissions, water usage, and waste generation. This achievement testifies the company’s advanced manufacturing practices ensuring sustainability across the value chain. The primary products verified by EPD included billets, primary foundry alloy (PFA), wire rods, and all categories of aluminium ingots. All these products have high-end applications in vital industrial sectors like aerospace, infrastructure,...
The Brazilian integrated aluminium company Companhia Brasileira de Alumínio (CBA) operates in an integrated manner, from mining to the final product has adjusted its capital expenditure (capex) program's timeline due to a progressively demanding price environment. In its Q2 financial results, CBA stated, "The timeline for expansion projects will be extended, with the expected completion of some projects moving from 2025 to 2027. The main delays are the restart of pot room 1 and the technological upgrade of smelters." "The capex reduction in the quarter, primarily in the modernization and expansion item, is due to the initiatives to adjust the schedule of projects, which are multi-year and have the flexibility to be reviewed according to operational cash flow and market conditions." CBA's...
Hercules Global has established a recycling plant in the Sandiara Special Economic Zone (SEZ) in Senegal, with the goal of recycling used oil, end-of-life tyres and aluminium. The plant utilizes these materials to create lubricants, carbon black and secondary aluminium, which are commonly used in the automotive industry. The facility is comprised of three distinct units, including a lubricant mixing plant with a capacity of three million tons per year, a tyre recycling plant that produces reusable carbon black, and an aluminium alloy plant. The products derived from the recycling process will be exclusively marketed and sold in Senegal, while the aluminium recycling products will be shipped to Toyota. Hercules’ founder, Manoj Solanki, recognized the opportunity to contribute to Senegal’s...
On Wednesday, August 9, SMM aluminium reported that China’s A00 aluminium ingot price has dipped by RMB 10 per tonne to close at RMB 18,470 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 30 per tonne to a premium price of RMB 10 per tonne. The average prices may orbit between RMB 18,450 per tonne and RMB 18,490 per tonne. As per the data uploaded by Shanghai Metals Market (SMM), the price in Tianjin has gained RMB 40 per tonne to peg at RMB 18,490 per tonne. On the same day, the prices in Foshan, Hangzhou, Shenyang and Linyi have fallen by RMB 10 per tonne to close at RMB 18,450 per tonne, RMB 18,470 per tonne, RMB 18,420 per tonne and RMB 18,520 per tonne. However, in regions like Wuxi and Chongqing, the prices have remained the same to reside...
LME aluminium opened at US$2,230 per tonne on Tuesday, with its high and low at US$2,233 per tonne and US$2,198 per tonne respectively before closing at US$2,198 per tonne, a decrease of US$32 per tonne or 1.4 per cent from the previous trading day. The London Metal Exchange , on August 8, experienced a slump of US$35.50 per tonne or 1.63 per cent and US$35 per tonne or 1.6 per cent in LME aluminium cash bid price and the LME aluminium official settlement price, respectively with the former being stuck at US$2,142 per tonne and the latter halting at US$2,143 per tonne. If we consider May 9, the LME official price was US$2,321 per tonne, which has decreased US$178 per tonne or 7.67 per cent Quarter-on-Quarter to reach what it was yesterday. LME 3-month bid price and LME 3-month offer price...
According to the Shanghai Metals Market data, social inventories of aluminium ingot totalled 525,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, as of Thursday, August 3. On a week-on-week basis, the inventories dropped by 11,000 tonnes, and on an annual basis, they fell by 153,000 tonnes, coming to a five-year low. Cargo arrivals in major markets remained low than expected as August began, while cargo pick-up from warehouses stood stable, allowing stocks to drop. Gongyi, Tianjin, and Hangzhou primary contributed to the weekly drop, while other provinces recorded no change in inventories. To know more about the current status of primary aluminium inventories across China, refer to the chart below: In Gongyi and Tianjin, primary aluminium inventories...
Dash Rehab, a mobility equipment provider, has released the Robooter E40, the company's second smart-powered wheelchair. The E40 is a 4mph manual-fold powered aluminium wheelchair that can be operated with a smartphone and has built-in functions. These features include the option to alter the voice on the chair to that of a family member, as well as power settings. A 'fault detect' function indicates whether the chair has a problem, and the end-user may get valuable information through an app. The E40 is available in black, grey, and turquoise and features a 20-amp lithium battery with a range of 16 miles. The entire lifting weight of the E40, without batteries, is 21kg, with a maximum user weight of 150kg, making it easily transportable. The E40 motorised wheelchair has a sleek and...
Bano Scaffolding, one of the best manufacturers of aluminium mobile scaffolds and ladders, has been successfully onboarded by AL CircleBiz. AL CircleBiz is a first-of-its-kind global online marketplace connecting millions of buyers and sellers across the aluminium value chain. It is a devoted platform to the aluminium industry and witnessed enormous growth in both supply and demand within six months of its launch. Founded in 2002, Bano Scaffolding is known for bringing expertise and dependability in aluminium scaffolding, equipment leasing, equipment trade, and services. Since then, it has been a trailblazer, focusing on completing key projects on time. Its scaffolding range provides simplicity, durability, and mobility, allowing you to move or alter to fit most applications. Below is a...
