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 Monday, November 7, Century Aluminum Company, a US-based primary aluminium producer, announced its third quarter results ended September 30, 2022, whereby it declared its net income growing $6.9 million sequentially to $44.3 million. In Q2, the company yielded a net income of $37.4 million. Diluted earnings per share was $0.43 in the third quarter compared to $0.36 in Q2. Although the company’s net income rose in Q3, net sales decreased by 25.61 per cent quarter-on-quarter from $856.6 million to $637.2 million, driven by lower shipments. Century Aluminum reported that its shipments in Q3 fell sequentially by 40,359 tonnes from 214,084 tonnes to 173,725 tonnes. The company’s adjusted EBITDA also fell from $86.6 million in the June quarter to $35.9 million in the September quarter,...
LME aluminium opened at US$2,335 per tonne on Monday, with its high and low at US$2,342.5 per tonne and US$2,333 per tonne, respectively, before closing at US$2,339 per tonne, an increase of US$4 per tonne or 0.17 per cent. On Monday, November 7, both LME aluminium cash bid price and LME aluminium official settlement price closed at US$2,291.50 per tonne and US$2,292 per tonne, after witnessing a loss of US$13.5 per tonne or 0.58 per cent and US$14 per tonne or 0.60 per cent. 3-month bid price and 3-month offer price slipped by US$15 per tonne or 0.64 per cent and US$16 per tonne or 0.69 per cent to peg at US$2,301 per tonne and US$2,302 per tonne. December 23 bid price and December 23 offer price settled at US$2,370 per tonne and US$2,375 per tonne after recording a fall of US$20 per...
The logistics firm specializing in Full Truck Load (FTL) services, Orissa Bengal Carrier (OBCL), which has served satisfactorily in the past decade, has inked a contract with mining and metal giant Vedanta to transport finished aluminium items. On November 3rd, 2022, OBCL stated, "The agreement is worth approximately $18 million (INR 150 crore), with a one-year term." "As a part of the agreement, OBCL would transport finished aluminium items to western business clusters." The leading aluminium producer of India, Vedanta, operates aluminium smelters in Chhattisgarh and Odisha. The founding stone of Odisha-Bengal Carrier Limited (OBCL) was laid down in 1994 by Ratan Kumar Agrawal. In the past decade, OBCL has evolved as the signature brand of the Indian transport industry, and it has played...
Social inventories of primary aluminium in China have further lost 9,000 tonnes over the weekend ended November 7, 2022, across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories froze at 571,000 tonnes as of November 7, down by 42,000 tonnes week-on-week from 613,000 tonnes. The current inventory is a new low in 2022, driven by pandemic-induced transportation restrictions in China. To know the status of inventory in more details, refer the chart below: The decline in Chinese primary aluminium inventories to a new low over the weekend was primarily contributed by Wuxi and south China, though the downfall in the latter slowed due to weakening trades. In Wuxi, inventories plunged by 13,000 tonnes on Monday to stand at 171,000...
One of India’s biggest auto components manufacturing and distribution groups, Sundaram Clayton Limited (SCL), has announced a consolidated net profit of INR 212.26 crore with a 43 per cent hike after the company had a 32 per cent rise in revenue due to operations, amounting to INR 8,962.55 crore in Q2 FY23 over Q2 FY22. The automotive, vehicles, and parts sector marked collective revenue of INR 7,473.10 crore, gliding up 30 per cent Y-o-Y. The financial services business amounted to INR 961.07 crore with a 46 per cent Y-o-Y increase; whereas the automotive components board brought INR 786.58 crore in revenue, up by 27 per cent Y-o-Y. The operational expense in Q2 FY23 has elevated by 31 per cent Y-o-Y to INR 8,398.77 crore, owing to a 26 per cent surge in the cost of raw materials, a 38...
Hindalco Industries Limited lifted its aluminium products prices on Saturday, November 5, after trimming it on Thursday, November 3, by INR 1,500 per tonne. With effect from November 5, Hindalco’s aluminium wire rod price stands at INR 229,100 per tonne, up by INR 6,250 per tonne or 2.80 per cent from INR 222,850 per tonne on November 3. Hindalco’s aluminium billets price was also raised by INR 6,250 per tonne on Saturday to be sold at INR 232,100 per tonne versus INR 225,850 per tonne on November 3. The company’s aluminium ingot price was no exception but also saw a hike o INR 6,250 per tonne on November 5 from INR 211,750 per tonne to INR 218,000 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
On Monday, November 7, Maan Aluminium Limited announced its second quarter and H1 results of the financial year 2022-23 ended September 30, whereby it declared its revenue from operations closing at INR 1.88 billion compared to INR 1.73 billion in Q1 FY23 and INR 1.58 million in Q2 FY22. That showed an increase over the month as well as year, bringing the total income to INR 1.9 billion in the September quarter versus INR 1.74 billion in the June quarter. Revenue from operations in the first six months of the year (H1) totalled INR 3.6 billion, while total income stood at INR 3.64 billion. The latter grew by 28 per cent INR 2.81 billion during the corresponding period of the last year. Maan Aluminium also reported that its total comprehensive income in 2QFY22 amounted to INR 131 million,...
On Friday, November 4, a trial programme for the long-delayed Scottish Deposit Return Scheme was introduced in Orkney, giving islanders a chance to assist their community charities while preserving the environment. The initiative witnessed the installation of two reverse vending machines (RVM) at the Kirkwall location of Employability Orkney on Junction Road, which will sort, store and recyclable beverage containers like aluminium, plastic, and glass. On Friday, Lorna Slater, minister for the circular economy, visited Orkney to formally introduce Return & Recycle Orkney. Orkney is an archipelago off the northeastern coast of Scotland. Once the programme is implemented throughout Scotland, an additional £0.20 will be charged for goods sold in plastic, aluminium, or glass containers,...
On November 7, Emirates Global Aluminium, the biggest industrial company in the United Arab Emirates excluding oil and gas, introduced EGA Ramp-Up, an initiative with the focus on funding the next generation of entrepreneurs whose enterprises will help in a steady growth of the economy and generate new open work positions. EGA Ramp-Up will deliver practical aid and tuition to the entrepreneurs setting up businesses that heavily solidify the region's sustainability and social advancement quotient, along with encouraging new technology and immense human capital development. To achieve 100 per cent accountability through the process, EGA has collaborated with C3 to streamline the initiative. A UAE-based social organisation, C3 mainly lends a helping hand to entrepreneurs across the region to...
According to a report last week, Hydro signed a new strategic collaboration agreement with the Norwegian University of Science and Technology (NTNU) to build up professional collaborations to practise more R&D on aluminium and energy. The agreement was signed by Hydro’s President& CEO Hilde Merete Aasheim and NRNU’s chief academic and administrative officer Anne Borg, in the presence of key Hydro technologists, NTNU professors and SINTEF researchers in Trondheim. According to Aasheim, “Hydro and NTNU both recognize the importance of ensuring long-term sustainability in accordance with the United Nations’ sustainability goals and wish to promote collaboration to enable this. We both have the shared intention to strengthen, explore and increase the cooperation in connection with Hydro's...
The first-of-its-kind aluminium grate drainage solution launched by Stormtech in Australia ensures high-performing drainage solutions for residential and commercial bathroom applications. This unique aluminium grate drainage solution, dubbed Wave Grate, will revolutionise contemporary drainage by offering an Australian-first solution to architects, specifiers, and other industry experts looking for a premium product at a reasonable cost. Developed and produced in Australia using Australian components, the new anodised aluminium drainage system features a unique wave pattern. It is certified under WaterMark WMTS:-040:2021 to meet the Plumbing Code of Australia and surpass Australian Building Standards for quality and safety. “Wave Grate is 100 per cent Australian in every sense. It is...
Graphene Manufacturing Group from Brisbane was found advocating for its zero-carbon graphene aluminium ion battery that is supposedly 70 times swifter than a lithium-ion battery and can be plugged in and used innumerable times. The company claims this flagship product can alter the course of the Australian energy market in a few years. The continuously emerging use of alternative sources of energy, such as solar power, has been pressurising Australia's old energy grid system for a very long time. Demand for conventional energy sources also plunged during the last few months. Dr Alex Wonhas, the board member of the Energy Corporation of NSW, exclaimed that there was an immediate requirement for more investments in technologies that could store energy yielded from solar cells. To this...
National Aluminium Company Limited has hiked its aluminium ingot price, with effect from November 1, following a trim in the previous week. The company is currently selling its ingot at INR 217,050-220,550 per tonne, up by INR 6,600 per tonne or 3 per cent from INR 210,450-213,950 per tonne on October 26. Among the company’s aluminium products prices, its billets price has also seen an increase of INR 6,600 per tonne, with effect from November 1, to stand at INR 221,500-224,150 per tonne versus INR 214,900-217,550 per tonne in the earlier week. However, NALCO’s aluminium wire rod price has shown an exception by gaining INR 1,000 per tonne more than ingot and billets. The price is ranging between INR 221,550-225,900 per tonne, up by INR 7,600 per tonne or 3.5 per cent from INR...
Novelis Incorporation, the world’s largest aluminium recycler and flat-rolled producer, broke ground on November 6 on a new $50 million recycling centre in South Korea. The project will be able to produce 100 thousand tonnes of low-carbon sheet ingot annually by recycling aluminium, resulting in reducing Novelis’ carbon emissions by more than 420,000 tonnes each year. "As the world leader in sustainable, low-carbon rolled aluminum solutions, we are focused on accelerating the transition of the aluminum industry to a circular economy model through the increased use of recycled content in our products," said Sachin Satpute, President of Novelis Asia. "Doing so will reduce our carbon footprint – as well as that of our customers and industry as a whole – and lead us closer to realizing our...
LME aluminium opened at US$2,359.5 per tonne last Friday, with its high and low at US$2,360 per tonne and US$2,344 per tonne, respectively, before closing at US$2,350 per tonne, a drop of US$9.5 per tonne or 0.4 per cent. On November 4, Friday LME aluminium cash bid price augmented by US$89.50 per tonne or 4.04 per cent to halt at US$2,305 per tonne, and the LME aluminium official settlement price also had a spike of US$90 per tonne or 4.06 per cent to rest at US$2,306 per tonne. The 3-month bid price escalated by US$76 per tonne or 3.39 per cent to close at US$2,316 per tonne, and the 3-month offer price went up the same amount to close the week at US$2,318 per tonne. December 23 bid price and December 23 offer price both recorded a US$72 per tonne or 3.1 per cent hike, stopping at...
On November 4, 2022, the global leader in developing innovative and value-added aluminium products, Constellium SE, announced that it is joining the First Movers Coalition (FMC), a global initiative to accelerate zero-carbon technologies and reduce carbon emissions. In a global initiative led by the World Economic Forum and the US Government, the First Movers Coalition (FMC) leverages companies' combined purchasing power to decarbonize hard-to-abate sectors. It has been joined by more than 50 companies to drive more green demand and low-carbon technologies and to advance climate change conservation. Jean-Marc Germain, the CEO of Constellium, said, "We are proud to join the First Movers Coalition and to contribute to a faster decarbonization journey for the industry. Aluminium is fully and...
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (Alba), Shaikh Daij bin Salman bin Daij Al Khalifa, met with Bechtel’s President of Mining & Metals Global Business Unit Ailie MacAdam, Bechtel’s President of Europe, Africa, and Middle East Region Justin Siberell and Bechtel’ Regional Manager Mark Ashwin on the side of Gulf Aluminium Council Dinner at Ritz Carlton, Bahrain along with Alba’s CEO Ali Al Baqali to discuss areas of cooperation including the proposed line 7 project. While speaking on the importance of the proposed line 7, the Chairman of Alba’s Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated: “Aluminium is the metal of the future, and we are here to continue making it available through our soon-to-be investment in Line 7.” "Moving ahead...
Wildpack Beverage Inc. has initiated a partnership deal with Woodstream Corporation to supply their flagship hummingbird nectar in aluminium cans instead of the usual plastic packaging option. This step is to uphold the sustainability values put forward by both brands. From now on, Woodstream's nectar would come packed in aluminium cans manufactured in Wildpack facilities. Though the historical packaging material for the same has always been plastic, this switch might positively benefit the companies as aluminium is infinitely recyclable. This innovative addition might eradicate almost 150 tonnes of plastic which is quite commendable. Moreover, the exclusion of plastic might also be beneficial for the birds feeding on hummingbird nectar because aluminium is not as toxic as plastic. This...
