Impact Minerals has proposed changing its corporate name to Altrica Advanced Materials as it sharpens its focus on high-purity alumina (HPA) development. The proposed rebranding reflects the company's strategic shift towards its 80 per cent-owned Lake Hope project in Western Australia, which has become its principal priority for management attention and development capital. The name change will require shareholder approval through a special resolution at the company's annual general meeting scheduled for November 30, 2026. The proposal follows an October strategic review that established a clearer direction for the company's HPA activities while separating them from its earlier focus on precious and base metals exploration. Lake Hope remains central to HPA development strategy The Lake...
Canada and China have extended a bilateral trade arrangement that links Chinese market access for Canadian agricultural products with Canada's access for Chinese steel and aluminum. The decision provides greater certainty for exporters on both sides as Ottawa seeks to expand its trade relationships beyond the United States. The extension, announced on November 4, 2026, will keep the existing arrangement in place until the end of 2028. It comes amid renewed efforts by the two countries to strengthen economic ties and address outstanding trade issues. For the aluminum industry, the agreement offers a clearer timeline for market access, while its agricultural provisions provide Canadian producers with greater predictability in one of their key export markets. Canada-China trade agreement...
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On November 11, 2022, the London Metal Exchange (LME), one of the world's largest commodities exchanges, announced that it would not bar Russian metal from being traded and stored in its system due a vital segment of the market is still planning to procure Russian metal in 2023. Russia is one of the world's largest producers of aluminium and nickel. Sanctions imposed on some Russian companies following the Russia-Ukraine geopolitical crisis have not targeted these metals or the companies that produce them. However, in October 2022, the world's oldest and largest market for industrial metals exchange floated a discussion paper on the topic, seeking a market opinion on the possibility of prohibiting Russian metal. LME stated, "The LME does not propose at this time to prohibit the warranting...
A team of 280 engineers at Polestar's UK research and development center has developed a brilliant way to make the aluminium chassis of a car stronger and lightweight. The research centre at the heart of Coventry has been strategically placed across a belt of famous motorsports companies so that the bonded aluminium chassis they create can be properly streamlined. This new Polestar 5 has been scheduled to release in 2023 as a 2024 model. Nowadays, most modernised cars feature a simple unibody chassis, which means the car has either a steel or aluminium space frame that has been sport welded, and the body has been bolted or welded into it. But luxury cars usually apply a technique like bonding the aluminium chassis. Polester is on the way to revolutionise this technique and bring it to the...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 4,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 10, the inventories totalled 576,000 tonnes, which in comparison with the month’s first Monday, November 7, escalated by 5,000 tonnes. As of now, the inventories in November dropped by 430,000 tonnes, as recorded in the same period last year and 36,000 tonnes on a month-on-month scale. The entire aluminium inventory was following a downward trajectory due to curtailed logistical activities. But in the upcoming weeks, the inventory in Gongyi is going to grow with increased arrivals after the local transport was revived on November 10 and because the downstream demand...
On Thursday, November 10, the social inventory of aluminium billets in China decreased by 6,300 tonnes or 10.41 per cent W-o-W to 54,200 tonnes. Overall, transportation will improve, but supplies' stability might be compromised by the pandemic's resurgence. The inventory of aluminium billets is still expected to decline soon. A billet is one of the most widely used aluminium product forms globally. The figure below provides further information on the current state of aluminium billet inventories in China: On the same day, the inventory in Huzhou and Changzhou ascended by 1,000 tonnes or 16.66 per cent and 500 tonnes or 11.36 per cent to settle at 7,000 tonnes and 4,900 tonnes. As per the data, the inventories in Foshan and Wuxi dipped by 6,600 tonnes or 19.07 per cent and 1,200 tonnes or...
Novelis has agreed to supply high-recycled, flat-rolled aluminium to VELUX Group for use in roof windows. The news came on Friday, November 11, after Novelis and VELUX Group entered into a partnership contract. As per the report, VELUX Group is hopeful to meet its carbon emissions goal by 2030 across the value chain by using high-recycled content. The aluminium will have a recycled content of around 70 per cent, about 30 per cent more than what Novelis currently supplies to VELUX. Novelis targets to supply rolled aluminium having below 4 .0 kg of carbon emitted per kilogram to VELUX by 2024, well below half the average carbon footprint of primary aluminium used in Europe. Stephen Boney, Vice President, Specialty Products, Novelis Europe, said: "We are excited that we can help VELUX...
In partnership with enigmatic motorbike enterprise Brough Superior, British luxury car maker Aston Martin has launched a track-only superbike called AMB 001 Pro. The crankcase of this latest version has been machined out of a single-piece aluminium billet. The team-up may not come as a surprise because this is not the first time Aston Martin and Brough Superior are coming together. In 2019, they teamed up to create the AMB 001 superbike, but this new model has been claimed to reach the next level in innovation with an impeccable new look. The Aston Martin AMB 001 Pro was revealed at the EICMA Motorcycle Show, featuring a 997cc dual-cylinder engine and a crankcase fully machined from an aluminium billet. The company claims that this will provide added rigidity, and the new cylinder pattern...
CSMET, a group company specialising in the R&D, production, marketing, and trading of low-carbon aluminium alloys, joined Aluminium Stewardship Initiative as the new Production and Transformation member. With sales income topping 5 billion yuan in 2020, the group produced and sold 350,000 tonnes of aluminium alloy. At the same time, the recently constructed Baotou plant went into operation. The group established a technology research and development centre based on adhering to the "liquid aluminium transportation service" strategy to continue meeting the development needs of the application of aluminium alloy in production and life. "CSMET Group Co., Ltd. is a group enterprise specialised in the research and development, manufacture, sales and trade of low-carbon aluminum alloy. Our...
According to the Shanghai Metals Market, China’s aluminium production amounted to 3.41 million tonnes in October (31 calendar days), with daily output of 110,100 tonnes. The monthly output reflected a 7.8 per cent growth year-on-year, driven by domestic operating capacity rise in October and more significant output growth in Sichuan. The operating aluminium capacity in Sichuan ramped up to about 360,000 tonnes in October, up by 160,000 tonnes M-o-M. On the other hand, the resumption of capacity in Guangxi and the commencement of new capacity in Guizhou and Inner Mongolia were slower than expected. In Yunnan, aluminium production dropped significantly as some smelters suspended their operation. About 1.17 million tonnes of the present capacity (4.04 million tonnes) in Yunnan was reduced...
The entire European aluminium market is currently streaming through a disquiet following a moreover better H1 2022. During the first quarter of 2023, the manufacturing industry is expected to counter a very gloomy prospect. While delivering their ambitious purchasing strategies earlier in 2022, many customers have overbooked themselves and will be seeking to delay deliveries in 2023. Although spot energy prices have fallen back in the past month, they remain far above the levels being paid by manufacturers under previous term contracts, many of which will expire in the new year according to market analysts. Manufacturers will face huge price jumps for their power needs, even if spot prices fall further in the near term or if EU governments impose energy price caps. In Q1 2023, few in the...
SMACO, a renowned water-diving accessory maker, has launched its latest SMACO S400Plus 1L DOT-Certified portable mini scuba diving tank made of aluminium to resist underwater corrosion. This diving tank can hold backup air for almost 15-20 minutes. SMACO, a brand that is synonymous with fire rescue equipment and outdoor sports products, has composed the entire body of the mini scuba diving tank with aerospace-grade aluminium alloys to increase durability and corrosion resistance. Since a scuba tank needs to stay underwater that too enduring salty seawater all the time, particular focus must be placed on the material used for making the tank so that it doesn’t create any toxic elements for the diver. Aluminium alloys that are aerospace-grade come with some additional guarantees as the...
SpaceX owner and Twitter CEO Elon Musk fans have erected a 30-foot tall aluminium monument featuring a GOAT (Greatest of All Time) body. The $590,000 piece of art is 5 feet 9 inches tall and shows the billionaire's head perched on a goat riding a rocket. The artwork was made by Canadian metal artists Kevin and Michelle Stone and is known as the 'Elon Goat.' The company's website states that $EGT had visited states all around the nation and had decided to give Elon this gift at Tesla's Giga factory in Austin. "We are setting up an event at CIRCUIT OF THE AMERICAS, Austin. We are going to have some fun for a few hours and then all cars and trucks will hit the freeway behind the monument, destined for Tesla's Giga Factory," said Elon GOAT Token ($EGT). $EGT, a cryptocurrency company,...
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium companies headquartered in the Middle East, has announced the third quarter and nine months results ended September 30, 2022. As per the report, Alba has booked a profit of BD48 million (US$127.6 million) for the third quarter of 2022 – 62 per cent less than BD125.9 million (US$335 million) in Q3 2021. But its profit in the entire first nine months of the year reflected an increase of 39.2 per cent Y-o-Y, amounting to above US$1 billion for the second year in a row. The nine-month profit was reported at BD376.7 million (US$1,001.9 million) compared to BD270.7 million (US$720 million) a year ago. Alba’s total comprehensive income in the first nine months of 2022 also stood higher than a year ago from BD275.5 million...
Tim Rundle is a designer based in London who has created a modular bed in collaboration with Danish brand ReFramed, utilising recycled aluminium that can be assembled with "no loose screws and just one tool". As exciting as the idea may seem, the bed is extremely sturdy and has been made keeping sustainability in mind. Aluminium is the most sustainable material, and recycling it leaves behind lesser carbon footprints than the production of primary aluminium. Inspired by the notion of circular economy and ideas such as reusability, endurance and malleability, a ReFramed bed truly justifies the tagline, "a bed for life". Tim Rundle said a few words about his creation: "The ReFramed bed was designed to address a gap in the market for well-designed beds." "It is a category that has been...
The Ghanaian holding company, Ghana Integrated Aluminium Development Corporation (GIADEC), dealing with all government investments and interests in the nation's integrated aluminium business, has introduced OPCL as the new majority shareholder of Ghana Bauxite Company (GBC) to the traditional leaders, Chiefs and people of Ahwiaso and Sefwi Bekwai in the Western North region. A 100 per cent owned Ghanaian company, OPCL, in March 2022, acquired 80 per cent shares in GBC, which a Chinese mining giant previously held, Bosai Minerals Group Limited, while the remaining 20% is owned by the Government of Ghana (GoG). The Chinese mining firm Bosai Minerals backed out of operations and left the country. The traditional leader, who doubles as the President of the National House of Chiefs, made...
LME aluminium opened at US$2,333.5 per tonne on Thursday, with its high and low at US$2,335 per tonne and US$2,317.5 per tonne respectively before closing at US$2,323 per tonne, a decrease of US$10.5 per tonne or 0.45 per cent. On November 10, Thursday, LME aluminium cash bid price and LME aluminium official settlement price both plunged by US$66 per tonne or 2.82 per cent to halt at US$2,271.50 per tonne, and US$2,272 per tonne, respectively. The 3-month bid price has gone down by US$71 per tonne or 3.02 per cent to settle at US$2,283 per tonne and the 3-month offer price downsized by US$70 per tonne or 2.97 per cent to close at US$2,285 per tonne. December 23 bid price and December 23 offer price recorded a fall of US$67 per tonne or 2.8 per cent, stopping at US$2,353 per tonne and...
Penrhos Spirits, a Herefordshire-based liquor company, is planning to relaunch its award-winning spirits in specially constructed aluminium bottles starting in the winter of 2022–2023. The company is also launching a new limited-edition drink in honour of its upcoming packaging goals for the New Year. Herefordshire is a county in the West Midlands of England governed by the Herefordshire Council. The team chose to develop the aluminium bottles to give customers a more environmentally friendly alternative to glass bottles as part of Penrhos' continued commitment to sustainability and reducing its carbon footprint. "At Penrhos Spirits, we are always looking for ways to improve our sustainability in both the orchards and distillery. This launch marks an exciting moment in the Penrhos...
Constellium SE, a global manufacturer of aluminium rolled products, extruded products and structural parts, announced that the company is providing aluminium auto body sheet for the brand-new Maserati Grecale SUV. For the hood, liftgate, and doors of the Maserati Grecale, Constellium is the major supplier of Auto Body Sheet solutions. Constellium offers Surfalex®, its high surface quality solution with unique hemming and roping capabilities, which is especially suited to the sculpted lines that distinguish companies like Maserati for the outside of the hood and liftgate. In 2021, 1 in 4 vehicles produced in Europe and the US received aluminium solutions from Constellium, a full-service supplier of rolled and extruded aluminium solutions for the worldwide automotive market. We work with...
Kunshan Huapin Aluminum Co., Ltd, a specialized manufacturer focused on the study, creation, manufacturing, and marketing of aluminium oxide materials has joined Aluminium Stewardship Initiative (ASI) as its new Industrial User member. Besides offering professional aluminium oxide, the company also provides custom products based on customer samples. "Kunshan Huapin is honored to join ASI as a member. By joining ASI, we can learn from excellent enterprises in the industry and make contributions to the sustainable development of the aluminum industry," said Chen Guangliang, General Manager at Kunshan Huapin Aluminum. Its goods have exceptional qualities, including metal sensing, resistance to fingerprints, resistance to scratches, and environmental protection, among others. According to the...
