Indian appliance makers are raising prices ahead of the festive season as higher metal, crude-derived and freight costs put pressure on manufacturing expenses. Prices of air conditioners, LED televisions, washing machines and other home appliances in India are set to increase by 5 per cent to 8 per cent from October 1, as manufacturers pass on rising input costs to consumers ahead of the festive season. The increase marks the industry’s third round of price hikes in 2026. Manufacturers have cited higher prices for copper, aluminium, steel and crude oil derivatives, along with increased freight costs and currency volatility linked to the ongoing West Asia crisis. Several companies, including Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics, have announced or confirmed...
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...
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Hydro is spending NOK 67 million (EUR 6 million) on equipment, structures, and infrastructure upgrades at its aluminium extrusion factory in Lucé , France. The cash will also be used to launch a new staff development programme. Since its inception in 1959, the Lucé company has produced custom-made and standard aluminium profiles using two extrusion presses and an anodizing facility. Hydro employs over 160 people in Lucé, located in the Chartres area, approximately one-hour southwest of Paris. The extra investment will primarily go towards technical on-site renovations. Upgrades and/or replacements will include: Electrical equipment Mechanical equipment Hydraulic equipment Buildings and infrastructure “The Lucé plant has the people and the potential to become an industrial leader in the...
Aurora50, the UAE-based training and development company dedicated to creating thriving, inclusive workplaces, has announced the launch of NOORA, a new membership community to support ambitious corporate women, from first-time managers to leaders of leaders, in collaboration with Abu Dhabi National Energy Company PJSC (TAQA), Accenture, Emirates Global Aluminium (EGA), Emirates Group, and ENOC. The new network is dedicated to women in the country. It provides members unlimited access to a real-world community of like-minded and ambitious women from diverse professional backgrounds, industries, and nationalities, supporting the UAE's ongoing efforts to achieve 30% women's representation in leadership roles. Diana Wilde, co-founder of Aurora50, stated, "We are delighted to launch NOORA with...
The prehistoric daggers that killed white walkers in Game of Thrones might not be entirely fictional, as a team of geologists and archaeologists has uncovered an arrowhead possibly carved out of a meteorite in Switzerland. X-rays, electronic microscopic images, and high-energy radiation studies have revealed that the core material combines iron, nickel and aluminium. Compared with other meteorite samples, the iron-nickel-aluminium alloy arrowhead matched absolutely and awed the team, as this is the third discovery of a similar genre. Before this, two meteorite artefacts were discovered in Poland; one bracelet and an axe head. It is suspected that Central and Western Europe might be home to a wide range of such historical products of great significance. At a late Bronze Age pile-dwelling...
Alupro has launched a new consumer engagement campaign, #FoilFriday, as part of its ongoing efforts to enhance aluminium recycling rates in the UK. Between July and December, homeowners will be targeted with various digital media assets to improve aluminium foil recycling and decrease contamination. “One of our key roles as an organisation is consumer education and by working closely with local authorities, we’re able to effectively communicate the benefits and importance of recycling aluminium packaging,” stated Tom Giddings, executive director of Alupro. In collaboration with local governments, the programme will utilise social media to urge citizens to recycle more at home. The Alupro website offers a free download of a suite of #FoilFriday social media assets promoting best practices...
Growing efforts towards achieving sustainability, a circular economy, and plastic waste reduction in the packaging sector have led to significant growth in the aluminium cans market in the recent past. Besides, the ability to preserve the quality and flavour of contents has boosted the popularity of aluminium cans as packaging containers. According to Statista Research Department, the global aluminium cans market is estimated to grow at a CAGR of 5.4% to reach US$87.1 billion during the forecast period from 2021 to 2030. To encash this colossal market, aluminium can manufacturers are striving to accelerate their production. By 2030, the global output of aluminium cans is forecast to reach 627 billion units. In 2022, the aluminium cans market was valued at US$57.23 billion, contributed by...
Keychron, a well-established manufacturer of wireless mechanical keyboards, has unveiled a new gaming keyboard range, Lemokey. The segment's debutant Keychron Lemokey L3 flaunts a sturdy aluminium chassis that can be configured to meet the user's needs. This is the first time that Keychron is attempting to create a premium gaming experience for its users. The company is already revered for its incredible battery capacity, sombre design and limitless adaptability. The Lemokey L3 has a 2.4GHz wireless connection and a 1,000Hz polling rate. It offers robust customisation options, including keycap colour schemes, key reassignment, and custom macros. Its physical components are easily removable and replaceable for tailored preferences. Keychron Lemokey L3 can connect with up to three devices...
Japan's out-of-service or retired bullet trains have been repurposed and recycled into baseball bats for children. Central Japan Railways (JR Central) and specialist sports retailer Mizuno joined forces to revolutionize the Shinkansen N700 bullet trains. These trains had been catering to thousands of passengers on Japan's renowned Tokaido Shinkansen high-speed railway line. N700 series trains have a maximum speed of 300 km/h (186 mph), and tilting of up to one degree allows the trains to maintain 270 km/h (168 mph), even on 2,500 m (8,202 ft) radius curves that previously had a maximum speed of 255 km/h (158 mph). JR Tokai, a subsidiary of JR Central, has recently introduced an innovative recycling technology that transforms metal into a unique product known as "Tokaido Shinkansen...
The global aluminium industry is sensitive to economic conditions, trade disputes, and supply-demand dynamics. In the seventh month of 2023, there was a noticeable increase in the price of aluminium on both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). On the LME, the price rose within the range of USD$100, while on the SHFE, the increase was marginal. Despite the rise in both platforms, price fluctuations were observed during this period. AL Circle’s industry-focused report, Global Aluminium Industry Outlook 2023 , revealed that in the later part of the year, the price of aluminium was forecasted to be better than in the initial part of 2023. The re-opening of the China economy was very much considered in the report. Furthermore, many companies around the...
A non-ferrous metal recycler from the UK, Romco Metal, has introduced the latest premium quality low-carbon aluminium, PureCycle™ to the global metal market. PureCycle™ ingots are made of 100% post-consumer scrap material. Founded in 2015, Romco has its headquarters in the UK and a wide range of clients in Africa, where emerging concern about global warming is propelling the recycling industry to break new boundaries. Romco is a multinational company based in the UK that recycles non-ferrous metals and focuses on emerging markets. Its aim is to promote sustainability by using recycled metal ingots to manufacture a wide range of essential products, reducing reliance on raw materials mining. The production process uses 100% sustainable sourcing, meaning no primary extractions are involved....
LME aluminium opened at US$2,252.5 per tonne on Wednesday, with its high and low at US$2,257 per tonne and US$2,203 per tonne, respectively, before closing at US$2,210 per tonne, a decrease of US$43 per tonne or 1.91 per cent. LME aluminium closing prices curve has been on the downward slope, with the aluminium cash bid price and the LME aluminium official settlement price shedding US$40 per tonne or 1.8 per cent and US$40.50 per tonne or 1.83 per cent, respectively, to close at US$2,176 per tonne and US$2,176.50 per tonne. LME aluminium historical price chart shows a Quarter-on-Quarter fall of US$176.50 per tonne or 7.5 per cent if we consider the aluminium cash price on May 2, which was US$2,353 per tonne. LME 3-month bid price plunged by US$34 per tonne or 1.5 per cent, settling down...
On Thursday, August 3, China’s A00 aluminium ingot price dropped by RMB 90 per tonne to close at RMB 18,450 per tonne, with the average prices between RMB 18,430 per tonne and RMB 18,470 per tonne. The spot contract prices are expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The prices in Foshan and Linyi have dropped by RMB 70 per tonne and RMB 60 per tonne to settle at RMB 18,520 per tonne. As per the data, the prices in Gongyi and Chongqing have descended by RMB 50 per tonne and RMB 40 per tonne to halt at RMB 18,390 per tonne and RMB 18,550 per tonne. On the same day, the prices in Wuxi, Hangzhou and Shenyang have fallen by RMB 20 per tonne to settle at RMB 18,540 per tonne and RMB 18,500 per tonne. In Tianjin, the price has moved down by RMB 10 per tonne to...
Founded in 2001, Seral, an aluminium extrusion provider to several industrial sectors in local and international markets in Istanbul, has been added to AL CircleBiz's database of over 1200 confirmed clients. 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. Seral specialises in aluminium extrusion products from the 6000 alloy class. Its extrusions and aluminium components are being utilised in various sectors, and it has established a reputation as a dependable supplier adhering to the highest international quality standards. It specialises in aluminium extrusions...
A new strategic alliance has been established between GenHydro and EREN Groupe to enhance the supply and affordability of green hydrogen in France and Germany. GenHydro, a US-based company specializing in technology, renewable energy production, and green hydrogen, will collaborate with EREN Groupe, a private company focused on technological innovation to fight global warming and conserve natural resources. The two organizations aim to introduce innovative green hydrogen production systems and renewable energy technology in France and Germany, among other locations. To achieve this objective, GenHydro's cutting-edge technology that transforms waste aluminium into valuable renewable products will be combined with EREN Groupe's project management and implementation capabilities. The...
In May 2023, the United States' primary aluminium production stood at 65,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 3.17 per cent from 63,000 tonnes, found the US Census Bureau data. The data also indicated that the monthly output recovered from the loss of 3 per cent occurred in the previous month. However, on a year-on-year calculation, the output in May edged a sharp fall of 19,000 tonnes or 22.62 per cent from 84,000 tonnes. The United States' average daily production of primary aluminium in May was 2,090 tonnes, restrained compared to 2,100 tonnes a month ago . On an annual basis, the average daily output plunged by 22.59 per cent from 2,700 tonnes, learned USGS data. Total aluminium recovered from scrap in May 2023 was 272,000 tonnes – 0.74 per cent more...
TricorBraun, a leading global packaging company, has released its first-ever Sustainability Report. The report outlines the company's progress in achieving its Environmental, Social, and Governance (ESG) goals. TricorBraun's President and CEO, Court Carruthers, expressed satisfaction in presenting the report, saying that the company is committed to sustainable and ethical practices. He added that TricorBraun's team strives to do things right, extending to environmental, social, and governance impacts. The president and CEO of TricorBraun, Court Carruthers, explained: "We are pleased to present our first-ever Sustainability Report, which brings to life our commitments to sustainable and ethical practices. Our team is guided by the principle that we do things the right way always, and this...
In partnership with Trivium Packaging, California Olive Ranch has launched the latest packaging construct, a 335 ml 100% recyclable aluminium bottle, to approach its sustainability goals, supplying an eco-friendly solution for its flagship olive oils. California Olive Ranch believes in providing the highest standard of consumer packaging, which elevates the brand’s sustainability quotient alongside keeping the California Olive Ranch olive and avocado oils safe from foreign objects or high temperatures. The brand also flaunts a line of sprays, olive oil-based dressings, marinades, and sauces. Olive Ranch is looking forward to circulating its Lucini brand of oils and sauces in sustainable packaging options. The company stated: “In partnership with more than 50 family farmers throughout the...
Aluminium Stewardship Initiative (ASI) announced that Alcomet's Shumen production facility in Bulgaria has been accredited with the ASI Performance Standard V2 (2017) Certification. The firm manufactures aluminium rolled and extruded products for use in the food and beverage, pharmaceutical, building and construction, and automotive sectors. Its facilities have a total annual output capacity of 100,000 tonnes. The factory includes the complete downstream production cycle, including billet and coil casting, extrusion, and cold rolling, and is Bulgaria's first ASI-certified facility. TÜV Rheinland Cert GmbH conducted an impartial, third-party audit of the Alcomet AD business. The audit occurred before May 31, 2023, allowing for Performance Standard V2 certification. Huseyin Ince, Executive...
A recycling Facility at the Port of Los Angeles has unlocked a sustainable milestone by shipping 5 million tonnes of scrap metals like aluminium using an all-electric, zero-emissions crane since its installation in 2017 at the port. According to the corporation, the organisation's ultimate objective is to achieve zero waste through recycling a broad range of items, including aluminium cans, vehicles, appliances, plumbing fixtures, electrical wiring, and other household recyclables. "The Port of Los Angeles is steadfast in its commitment to achieving zero emissions. As California leads the charge, the rest of the country and the world look to us for guidance in adopting cleaner and greener practices. The realisation of a zero-emissions port is a goal of utmost importance to all of us here...
