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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The leading manufacturer in Romania for PVC joinery under the QFort brand Casa Noastra is building a new factory to include aluminium products in its offering. It has also publicised that in 2023 it would open a showroom in London, UK. Ştefan Cherciu, the company owner, stated, "The demand is very high in the UK, and the margin is the highest in Europe. In addition, due to the exit from the European Union, it is now much more difficult to reach Great Britain with goods, as quite expensive certifications are needed, so not everyone can do it anymore." The company made a 20-million-euro investment in an aluminium joinery manufacturing facility, for which it was given a 9-million-euro state grant. The step occurred after the Romanian joinery leader, Casa Noastra, attained record revenues of...
Rio Tinto seemed quite pleased with the Albanese government’s fundamental emissions-reduction policy for supplying vital support to heavy industries since it was aware of the environmental impact that the high-carbon east-coastal alumina units were causing. Rio Tinto knows that its refineries and smelters are the most ginormous sources of greenhouse gases (GHG), and it is inevitable that from July 1, they will witness strict emission caps. This was made clear through a draft released by the Government on January 10, titled, ‘Safeguard Mechanism’. Somehow, Rio Tinto’s Australian chief executive, Kellie Parker, lauded the step by the Government and displayed her gratitude for the support it would lend to heavy energy-intensive industries. She claimed this was “at the heart of today’s...
The Kingdom of Bahrain’s first forum for sustainable technology exports, “Export of Transformational Industries and Their Role in Promoting Global Environmental Sustainability”, was held under the patronage and in the presence of The Kingdom of Bahrain’s Minister of Industry and Commerce, His Excellency Mr Abdullah bin Adel Fakhro, His Excellency Mr Piyush Srivastava, The Ambassador of The Republic of India to The Kingdom of Bahrain and Mrs Safa Sharif Abdulkhaliq, Chief Executive Officer, Export Bahrain. At the forum, TAHA International’s technology licensing agreement for sustainable zero-waste aluminium dross processing with Indian sustainability leader Runaya Group was recognized and celebrated. Also in attendance were numerous officials representing the governments and private...
According to China customs data, the country imported 11.79 million tonnes of bauxite in November 2022, which recorded a month-on-month hike of 31.29 per cent from 8.98 million tonnes and a year-on-year surge of 53 per cent. From January to November 2022, China’s total bauxite imports amounted to 115.4 million tonnes, an increase of 16.9 per cent year-on-year. Being the primary supplier, Guinea exported 7.28 million tonnes – 65 per cent more than the previous month and 125 per cent higher than a year earlier. The main reasons for the surge in exports were the hearsay that Indonesia would ban bauxite exports, which made Chinese alumina refineries favour Guinean ore as an alternative, increased enthusiasm among Chinese refineries to stock up bauxite at the end of 2022, ramp up of production...
On January 11, 2023, one of the largest aluminium smelters in Europe, Aluminium Dunkerque's spokesperson, said that the primary aluminium producer had begun resuming production capacity that had been idled when it was stung by skyrocketing electricity prices last year. The spokesperson added that the site, which reduced output by around a fifth in the fourth quarter, is expected to reach full capacity by May 2023. Several factors contributed to the move, including easing French power prices and government support for energy-intensive industries. Aluminium production in Europe has dropped to its lowest level since the 1970s as rising energy costs dealt a crushing blow to this energy-intensive industry.
Three-month LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On Wednesday, January 11, both the LME aluminium cash bid price and the LME aluminium official settlement price recorded a surge for the third day in a row. While the former rallied by US$55.50 per tonne to peg at US$2,450.50 per tonne, the latter hiked by US$54 per tonne to settle at US$2,451 per tonne. The 3-month bid price and 3-month offer price climbed up by US$56 per tonne and US$55 per tonne, respectively, to hover around US$2,486 per tonne and US$2,487 per tonne. December-24 bid price and December-24 offer price closed at US$2,665 per tonne and US$2,670 per tonne, up by US$53 per tonne from the previous day. LME aluminium opening...
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters, announced that it had awarded its Solar Farm Project to Advanced United Systems (AUS) for the installation of Solar Photovoltaic (P.V.) Panels covering 37,000 m2 with a capacity of more than 6 Megawatts (M.W.). The Solar Farm Project will include approximately 11,300 solar panels that will be installed on the roofs of Alba parking lots and some of its buildings, including the Spent Pot Lining Treatment (SPL) Plant. The Solar Farm Project will generate approximately 10,539 MWHr per year and reduce approximately 7,591,760 kilogrammes of carbon emissions per year, for a total reduction of 189,794,000 kilogrammes of carbon emissions over a 25-year period. Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of...
Bristol-based architectural car model maker Amalgam unveiled its new 1:4 scale Ferrari 250 GTO hammered aluminium body sculpture, commemorating when Ferrari started hand-hammering elongated aluminium bodywork. Many noteworthy 250 GTOs that Amalgam has modelled throughout the years' worth of digital scans were used to create the body reproduction for the Ferrari 250 GTO. Each artwork is made using a conventional panel-beating technique from an aluminium sheet. The technique replicates how Carozzerie Scaglietti's initial full-size bodies were made in the early 1960s. The 1:4 size 250 GTO is proudly shown on a walnut wood trestle, showcasing Ferrari's iconic supercar in its most unpolished state. The Ferrari 250 GTO is a GT vehicle built by Ferrari between 1962 and 1964 for Group 3 Grand...
In March this year, Turkey-based gun manufacturer Arttech Defense is about to produce two new centerfire hunting rifles with light aluminium alloy construction. Both models will be marked under the Prima series, where one has a straight-pull configuration, and the other flaunts one pump action. The one pump action would be tagged XP, while the straight pull would be called the SP. The fully aluminium alloy forged rifles have been specifically crafted to be compatible with .308 Winchester, .30-06 Springfield and .300 Winchester Magnum cartridges. Arttech has been crafting shotguns and pistols for the last five decades, and some Turkish gun-makers have recently incorporated their designs into the brand’s portfolio. The XP and SP are similar in attributes as they have matching bolts with...
The world's largest aluminium flat-rolled products maker and aluminium recycler, Hindalco Industries' board has approved fundraising of up to INR 700 crore by issuing non-convertible debentures (NCDs) on a private placement basis. Hindalco Industries stated while filing in the exchange, "The capital raising committee of the company's board of directors at its meeting held on January 10, 2023, approved the issuance of non-convertible debentures (NCDs) on private placement basis, for an amount not exceeding Rs 700 crore." On November 11, 2022, the company's board of directors approved borrowing up to INR 1,000 crore through loans, issuance of bonds, notes, debentures, or other securities to banks, financial institutions, or other eligible investors. The Aditya Birla Group's flagship company...
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the second day in a row on January 11, 2023. With the recent price rise, the company’s aluminium ingot price has come in at INR 226,750 per tonne per tonne, up by INR 5,000 per tonne or 2.25 per cent from INR 221,750 per tonne on January 10. Hindalco’s aluminium wire rod price has also seen a lift of INR 5,000 per tonne on January 11 to stand at INR 237,850 per tonne versus INR 232,850 per tonne on January 10. Hindalco’s aluminium billets price has also been raised by INR 5,000 per tonne to INR 240,850 per tonne on January 11, following a hike of INR 7,750 per tonne from INR 228,100 per tonne on January 7 to INR 235,850 per tonne on January 10. Hindalco has back-to-back increased its aluminium...
Revision Military and Fast Metal, two of the most famous protective eyewear and sunglass brand, have come together to unveil their most recent masterpiece, the Speed Demon metal sunglasses, composed entirely of ANSI Z87.1-protective 7075 aluminium alloy. Additionally, it comes with the brand-new I-Vis lens technology from Revision. This innovation is a sophisticated dye formulation method that produces a new line of lens tints with a significantly improved visual performance. I-Vis lenses come in six hues, each enhanced for usage in a distinct environment, offering more than one option. Each tint is intended to improve colour perception and contrast in a particular geographical area while avoiding the drawbacks of conventional monochromatic lens tints. Additionally equipped with...
Monster Energy Ltd. has announced the introduction of its new zero-sugar beverages in aluminium cans. The official launch is scheduled to be over by Q1 of 2023 so that users might be laced with the newly improved sugar-free taste of the otherwise patented original Monster Energy Green. The CMO of Monster Energy, Dan McHugh, mentioned his thought: “Consumers have been asking for years when we would release a sugar-free version of the OG Monster. But we didn’t want to do it until we had the formula just right — and we believe we have nailed it.” After prolonged processes of rejuvenation, the latest unique sweetener system and major R&D, Monster’s team has ultimately come up with a mixture that is 100% Monster and 0% sugar. Monster Energy Zero Sugar consists of 160mg caffeine like its...
Indo-Israeli JV IOC Phinergy Limited (IOP) is establishing the first-ever full ecosystem for Aluminum-Air battery in India, including R&D, manufacturing and associated services. This project will lead India’s dream to inspire more people to adopt electric vehicles (EVs) to reduce dependence on imported fossil fuels and improve air quality. The Indian government has been implementing several policies and incentives to encourage EV adoption whilst facing challenges like scarce charging infrastructure, high upfront costs and limited range. Nonetheless, the government is letting no stone unturned to stimulate the adoption of electric vehicles. On January 13-18, 2023, IOC Phinergy Ltd will display India’s first-ever vehicles powered by an Aluminium-Air system at the upcoming Auto Expo – The...
USA’s most reliable aluminium products manufacturer, Ball Corporation, has successfully accumulated and recycled almost 300,000 aluminium cans branded under the O’cean Sustainable Energy drink. The programme is an extended part of the everlasting collaboration of O’cean Beverages with iconic Indian cricketer Virat Kohli. The initiative completely focuses on aluminium recycling. For each O’cean can be bought by a customer, Ball will collect and recycle an aluminium can. The non-ferrous metal is infinitely recyclable, and beverage cans are created out of the purest form of aluminium, which makes it easier for any recycler to extract a fresh batch of raw material for use in new products. Ball is going to transform its collected amount of cans into a new batch of raw materials for future...
To scale up production capacities and adequately meet the increase in demand, the Aluminium Association of India (AAI) said on Tuesday that an investment of roughly INR 4 lakh crore would be needed. By 2030, India's demand for aluminium will increase exponentially from the current 4 million tonnes per annum (MTPA) to 10 MTPA. Representatives of the aluminium sector have requested government assistance to support this difficult time as they face difficulties from increased foreign imports, a shrinking market share, and rising prices. The high cost of obtaining raw materials is a significant barrier to luring new investments, according to the companies that make aluminium. "This is stifling the development of the aluminium sector, including the domestic scrap landscape," said AAI. According...
On December 10, 2023, the global industry leader with a vision to reinvent the aluminium industry for a sustainable future, Alcoa Corporation, announced a restructuring of its 'Executive Leadership Team' to further improve the Company's rigorous focus on operational excellence, cost, and innovation. However, the changes will come into effect from February 1, 2023, including reassigning responsibilities for two existing 'Executive Leadership Team' members and appointing a new Chief Financial Officer. William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Senior Vice President and Controller Molly Beerman have been appointed EVP and Chief Financial Officer. She will also be the executive member to oversee...
According to the Shanghai Metals Market data, China’s aluminium production in December 2022 (31 calendar days) was recorded at 3.44 million tonnes – 2.99 per cent more than 3.34 million tonnes in the previous month and 8.18 per cent higher than 3.14 million tonnes a year earlier. The cumulative production during January-December 2022 amounted to 40.08 million tonnes, up by 4.13 per cent from 38.49 million tonnes during the corresponding period of the previous year. Despite the increase in monthly production, the average daily output in December 2022 dropped 300 tonnes M-o-M from 111,200 tonnes to 110,900 tonnes. On a year-on-year basis, daily production hiked by 8.3 per cent from 102,400 tonnes. The domestic operating capacity of aluminium in December declined slightly month-on-month as...
