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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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...
The end-user sector has been extremely active with various innovations throughout the week. Ball Corporation has published its Q3 2022 net profit of US$392 million because of its diluted earnings per share of US$1.24 and net sales of US$3.95 billion. This is greater in comparison to the US$179 million net earnings and US$3.55 billion of sales during the same time frame in 2021. Ardagh Group also released its Q3 financial results declaring an adjusted EBITDA for the quarter, which fell to US$140 million with a 15 per cent decline on a constant currency basis. However, the company exported major consignments of beverage cans during the same time. The first indigenously manufactured aluminium train rake was flagged off by Indian Railways from Bhubaneshwar, Odisha. The innovation was possible...
This week the downstream sector of the aluminium industry witnessed the finalization of one of the biggest economic initiatives of Mississippi, where Gov. Tate Reeves and the Mississippi Legislature announced the finalization of tax incentives for the $2.5 billion aluminium mill project by Steel Dynamics. Apart from this, on October 31, Alcomet, a Bulgarian producer of rolled and extruded aluminium products, said that the first nine months of 2022 had brought in a staggering 34 million levs (US$17.3 million) in net profit. China's aluminium plate, sheet, and strip output are anticipated to reach 12.9 million tonnes by the end of 2022, up 2% from the previous year, according to the Shanghai Metals Market. At year's end, production of aluminium foil is anticipated to reach 4.75 million...
India's leading premier metallurgical grade alumina producer, Vedanta Alumina, Lanjigarh, is encouraging Waste-To-Wealth MSMEs in the Kalahandi district of Odisha. It has been supplying lime grit to local brick manufacturers, enabling the circular economy to turn industrial waste into value-added products. In the production of alumina, lime grit is produced by refining bauxite. The product can be used for several purposes, such as whitening paper, poultry feed, and even as a substitute for gypsum. The Vedanta Alumina refinery in Lanjigarh produces about 10,500 tonnes of lime grit every year, out of which nearly half is repurposed within the refinery. Another industrial by-product created by the company is fly ash, which is generated during thermal power generation. However, to ensure...
This week, the global primary aluminium industry witnessed many important events. Like, Volta Aluminium Company (VALCO) halted operations due to the ongoing labour disputes over a wage bar to BALCO successfully carrying out test runs using biodiesel in smelting operations. In the pilot test, the business used biodiesel to heat ladles or vehicles that move hot metal (aluminium) from plotlines to casting houses while still molten. Based on the CRISIL research, the operating margin for Indian primary aluminium producers is expected to fall by more than 1200 basis points (bps) to 22–24% this fiscal year due to reduced realisations and rising production costs. In the Financial Year 2022, Press Metal Aluminium Holdings Bhd is anticipated to have an exponential double-digit net profit (FY22)....
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes from Monday. On a month-on-month basis, the inventories on Thursday edged 93,000 tonnes lower, while that on a year-on-year basis stood 433,000 tonnes down. Transportation restrictions due to pandemic resulted in fewer arrivals in the market, leading to inventory downfall to the lowest this year. However, the transportation in Gongyi and Henan provinces has begun to resume from October 31, which is expected to alleviate supply tightness from the next week, allowing cargoes to arrive. To know the...
Profile Group, a Te Rapa-based aluminium door and window company was declared the overall winner of the annual Waikato Chamber of Commerce Business Awards. The Profile Group is a family of businesses and is the sole integrated supplier of aluminium window and door solutions in New Zealand. Te Rapa is a semi-rural suburb in the northwest of central Hamilton, New Zealand, with a mixture of light industrial and large-scale retail. The Foster Construction Group 2022 Supreme Award, together with the Business Growth and Service Excellence awards, were won by Profile Group. The judges commended Profile Group for its "world-class role models" status in various areas, including future vision, product innovation and design, continued dedication, and true caring for the community, Aotearoa, and the...
Blå Station, the Swedish furniture brand, has relaunched Stefan Borselius and Fredrik Mattson's stackable chair, Sting, which was initially created in 2003. In the latest version, the seat and backrest of the chair are manufactured from 90 per cent recycled aluminium, while the chair's legs are constructed of stainless steel. "At home indoors as well as outdoors, Sting has that perfect tilt of the backrest," said Blå Station. Sting chairs are appropriate for both indoor and outdoor environments. A plastic connector at the bottom of the chair leg allows them to be joined together in rows or stacked to conserve space. Blå Station has kept the original graphic shape by Sting. The design may be customised with different seat pads or a writing table and is available with or without armrests....
The soaring energy prices in Europe have caused a severe impact on aluminium production and shifted output to China. However, due to China’s increasingly depleted bauxite reserves, this repositioning has increased bauxite shipments, benefitting the West African nation, Guinea, the world’s largest exporter of bauxite, which accounts for around half of traded volumes and has seen a 14.9% growth in bauxite shipments by now in 2022. As a result of growth in bauxite and coal volumes, capsizes have been relieved this year. A decline in Chinese iron ore demand and reduced congestion has caused the Baltic Exchange's Capesize 5TC index to fall on average 50.6 per cent Y-o-Y. Filipe Gouveia, the shipping analyst at BIMCO, said, "Weaker iron ore demand led operators to relocate ships to alternative...
Emirates Global Aluminium, the biggest industrial enterprise in the United Arab Emirates, excluding the oil and gas sectors, has bagged the platinum UAE Innovation Award from Dubai Quality Group, a UAE-based training and knowledge-sharing global hub. The UAE Innovation Awards ceremony is chaired by the President of Dubai Civil Aviation Authority, the Chairman and Chief Executive of Emirates Airline and Group, the Chairman of Dubai Airports and His Highness Sheikh Ahmed bin Saeed Al Maktoum himself. EGA was the recipient of the UAE Innovation Award for a successful leap toward innovation and improvement by relentlessly monitoring the global competitive market along with excelling in its advancements. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “We are honoured to be...
Hindalco Industries Limited slightly reduced its aluminium ingot and aluminium products prices on November 3, a day after it hiked the prices by INR 5,250 per tonne. On November 3, Hindalco’s aluminium ingot price saw a dip of INR 1,500 per tonne from INR 213,250 per tonne to INR 211,750 per tonne. Aluminium wire rod price was also cut by INR 1,500 per tonne or 0.67 per cent to be sold at INR 222,850 per tonne on November 3 versus INR 224,350 per tonne on November 2. Hindalco’s aluminium billets price is standing at INR 225,850 per tonne since November 3, also down by INR 1,500 per tonne from INR 227,350 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange....
According to the Shanghai Metals Market, China’s aluminium plate/sheet and strip output is expected to amount to 12.9 million tonnes at the end of 2022, reflecting an increase of 2 per cent over the year. Aluminium foil output is estimated to clock at 4.75 million tonnes at year-end, up 3 per cent year-on-year. The output of can body stock, can end stock and packaging foil is estimated to close the year at 1.88 million tonnes, 500,000 tonnes, and 2.4 million tonnes, respectively. On a year-on-year basis, the output of can body stock and can end stock will record an 11 per cent hike, while packaging foil will reflect a 4 per cent growth. SMM estimates robust demand for aluminium plate/sheet and strip for food packaging will drive the growth of the aluminium flat rolled industry. The output...
Climate change is one of the most challenging situations to tackle, especially for the workers who work under hot conditions; ensuring a safe and sound environment under such a situation is really important. With this, Emirates Global Aluminium (EGA), one of the world's largest producers of 'premium aluminium' announced on Monday, October 31, that the company had reached its goal of recording zero incidents of heat-related sickness among its staff and subcontractors who worked outside this summer. The "Beat the Heat" initiative at EGA is a summer-long, intensive effort throughout the business. Employees are taught the early warning signals of heat stress in themselves and other people. They are required to perform hydration tests before and during their shifts and are also urged to take...
Researchers from Sweden’s Digital Cellulose Center have come up with an enhanced version of their previously developed paper supercapacitor yielding 10F through a demonstration drive. In the former version, one would come across aluminium-coated plastic substrates, but in the latest one, they have incorporated an aluminium-coated paper variation, creating a sustainable paper supercapacitor. The current materials that comprise the capacitor are cellulose pulp derived from softwood and a water-based ink made from the conductive polymer PEDOT: PSS, along with some compatible substances like activated carbon. The Center had screen-printed this on an aluminium-coated plastic substrate just a while back. Still, in this upgraded version, the Researchers have swapped the plastic for paper,...
The High Profile lighting series, created by Dutch design firm MVRDV, uses scrap aluminium profiles collected from Delta Light's products. The architectural lighting company Delta Light often uses aluminium profiles for recessed lights in walls or ceilings. Each High Profile lamp is individually produced by fusing aluminium scraps to create a sculptural lampshade. They come in three styles: cube-shaped pendants, floor lights, and wall sconces. "The design looks critically at the manufacturing process, finding not only opportunity but also beauty in elements that are normally discarded as waste," said MVRDV. "The amazing details of these profiles are usually hidden inside the wall or ceiling – we wanted to make their beauty visible as the main feature of the new design. We were very...
On Thursday, November 3, Ball Corporation announced its third quarter and year-to-date results ended September 30. Ball Corporation is the world’s leading sustainable aluminium packaging provider for beverage, personal care and household products. In Q3, the company generated net earnings of $392 million attributable to the corporation or diluted earnings per share of $1.24, backed by $3.95 billion of sales, compared to $179 million net earnings on $3.55 billion of sales during the same period last year. As per the report, the company recorded this gain on the Russian business disposal during 3Q2022. In the nine-month period, Ball yielded net earnings of $664 million or $2.07 per diluted share in comparison with $581 million or $1.75 per diluted share last year. This year from January to...
LME aluminium opened at US$2,249.5 per tonne on Thursday, with its high and low at US$2,271.5 per tonne and US$2,217.5 per tonne, respectively, before closing at US$2,260.5 per tonne, an increase of US$10.5 per tonne or 0.47 per cent. On Thursday, November 3, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$11 per tonne or 0.49 per cent to stop at US$2,215.50 per tonne and US$2,216 per tonne. 3-month bid price and 3-month offer price inched up by US$2.5 per tonne or 0.11 per cent and US$3.5 per tonne or 0.15 per cent to record at US$2,240 per tonne and US$2,242 per tonne. December 23 bid price and December 23 offer price climbed up by US$3 per tonne or 0.12 per cent to settle at US$2,318 per tonne and US$2,323 per tonne. LME aluminium opening...
On November 3rd, 2022, London-based Vedanta Resources, the holding company of India’s Vedanta Limited, discontinued the rating services of Moody’s after the latter lowered the company’s ratings on debt concerns. Commodity tycoon billionaire Anil Agarwal led Vedanta Limited, India's leading aluminium producer, and diversified to other natural resources. It is the most extensive mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. According to a statement released on November 3rd, 2022, late evening India time, Vedanta said: “Vedanta Resources Limited hereby announces that it has today given notice to Moody’s Investor Services to discontinue its rating engagement and to withdraw all the outstanding...
