National Aluminium Company Limited (NALCO) is advancing its INR 30,000 crore or INR 300 billion (USD 3.18 billion) aluminium smelter expansion project at Anugola or Angul, Odisha, which is expected to more than double its existing smelting capacity from 460,000 tonnes per annum to approximately 1 million tonnes per annum (MTPA). The Navratna public sector undertaking under the Ministry of Mines has secured key statutory approvals and initiated partnerships and preparatory measures for the project, which is targeted to begin operations in 2030-31. A recent meeting of the Rehabilitation and Peripheral Development Advisory Committee (RPDAC) focused on facilitating land acquisition for the proposed facility and addressing associated compensation and rehabilitation matters. Explore the...
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...
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On Monday, October 31, a report from CRISIL showed a high possibility of Indian primary aluminium producers’ lower operating margin by more than 1200 basis points (bps) this financial year to 22-24 per cent, owing to decreased realisations and soaring production costs. Last fiscal year, primary aluminium producers experienced a record operating margin at a decade high of 36 per cent, backed by strong realisations for historically high global aluminium prices amid post-Covid economic recovery. This year, the operating margin is expected to downtrend to match past levels but be higher than the average of 17 per cent over FY2017-21, found CRISIL based on the analysis of three companies that account for the entire domestic capacity of 4.1 million tonnes. However, amid a dip in operating...
The Volta Aluminium Company (VALCO), a subsidiary of Kaiser Aluminium operating from Ghana, has halted its operations due to the ongoing dispute among workers for a salary bar adjusted with the dollar rate. The VALCO workers are now entitled to salaries in dollars but are paid in equation with the Ghanaian cedi currency. Since the cedi has recently lost its value compared to the dollar, the workers are hoping for reimbursement following the American currency chart. The argument the workers have put forth is straightforward and justified as most of them claim that their salaries are subsequently decreasing in value and they are not being paid what is due. Under the Integrated Aluminium Industry (IAI) in Ghana, VALCO has opened the market for intense development in both upstream and...
One of the biggest producers of abrasives in the world, Saint-Gobain Abrasives, unveiled its new ‘Norton for Aluminum’ thin wheels for the right angle grinding and cutting of aluminium and other soft non-ferrous metals. This wheel is designed with high-quality, extra-friable, self-sharpening aluminium oxide grain and specialized bond technology for maximum performance. The redesigned wheels enable quick, aggressive cutting that resists loading and generates the least heat on the workpiece for dependable, long-lasting wheel performance. With various features and advantages, Norton for Aluminum wheels includes a 5/8"- 11" hub for quick, tool-free wheel swaps. The new wheels have a contaminate-free bond that does not require additional waxes or lubricants, helping to maintain metal surfaces...
According to a report on Monday, October 31, South Africa’s Industrial Development Corporation (IDC), a national development finance institution, has expanded its shareholding in Mozambique’s Mozal Aluminium to 32.45 per cent. Earlier, IDC had a 24 per cent share in the hydropowered smelter, located 20 Km west of Maputo. Mozal dates back to 1998, formed by a partnership between IDC, BHP Billiton, now South32, Mitsubishi and the Mozambican government. The operation started in late 2000 and soon after underwent expansion plans to double its capacity. As the demand for aluminium is at an optimum level to achieve a low-carbon future, metal companies are increasingly attracting investors’ interest. Last year, South32 acquired an additional 8.445 per cent share in Mozal, which increased its...
LME aluminium opened at US$2,227 per tonne Tuesday, with its high and low at US$2,275 per tonne and US$2,218 per tonne, respectively, before closing at US$2,257 per tonne, an increase of US$31.5 per tonne or 1.42 per cent. On Tuesday, November 1, both LME aluminium cash bid price and LME aluminium official settlement price ascended by US$49 per tonne or 2.23 per cent and US$48.5 per tonne or 2.20 per cent to close at US$2,245 per tonne and US$2,245.50 per tonne. 3-month bid price and 3-month offer price were hiked by US$48.5 per tonne or 2.19 per cent and US$47 per tonne or 2.12 per cent to score at US$2,253.50 per tonne and US$2,254 per tonne. December 23 bid price and December 23 offer price settled at US$2,323 per tonne and US$2,328 per tonne after witnessing a growth of US$43 per...
Vetroplus has recently provided the decorated glass packaging with silver aluminium dropper caps for two new skin care variations from the British Beauty brand, Templespa. It’s All Good Nutritious Boost Facial Oil by Templespa comes in a 30ml Elsa bottle with silk screen printing and an acid-etched frosted glass outlook. The packaging also includes a Rimini pipette-style dropper covered with silver aluminium and a black TPE bulb to pump out the facial oil. The silvery white shine of aluminium complements the packaging, making the appearance more sophisticated. Moreover, using glass and aluminium makes the packaging solution environment-friendly and sustainable, ultimately creating a circular economy. Whereas, the Light Relief CBD Skin Booster Oil by Templespa is available in a 10ml slim...
Wildpack Beverage Inc., on November 1, declared a long-term packaging supply and manufacturing agreement with EHPlabs LLC, along with appointing Izhar Basha, Chief Executive Officer of EHPlabs, privately as one of the Board of Directors in Wildpack. Adhering to the terms of the Agreement, Wildpack has agreed to manufacture a total of 30 million consignments or units in 2023 and another 40 million units of aluminium products in 2024. Wildpack, at this moment, is, trying to accomplish the 7 million units of rush demand ordered in 2022. Each unit consists of the supply of aluminium cans, can end, can-decorating and filling services. Wildpack requires applying the last bit of aid its fully integrated Las Vegas facility might offer in sufficiently fulfilling the demand. Under the agreement,...
MYTILINEOS S.A., a Greece-based industrial conglomerate, has bagged the ASI Chain of Custody (CoC) Standard V1 (2017) Certification for its corporate headquarters and upstream activities, including bauxite mining, alumina refining, and aluminium smelting and casting. The news came after the Aluminium Stewardship Initiative (ASI) announced the successful certification of MYTILINEOS for bauxite mining activities at Distomon site; refining, smelting and casthouse activities at the Aluminium Of Greece Plant; port facilities at the Aluminium Of Greece Plant; and corporate headquarters at Athens. The company’s upstream annual production capacity exceeds 198,000 tonnes of aluminium, 860,000 tonnes of alumina, and 630,000 tonnes of bauxite. In 2021, MYTILINEOS achieved the ASI Performance...
Press Metal Aluminium Holdings Bhd is estimated to mark an exponential double-digit net profit in the Financial Year 2022 (FY22). Though aluminium spot prices have declined, there is a sufficient hike in carbon anode prices which will increase operational costs. There is a projected growth of 50 per cent on a year-on-year basis (y-o-y) in FY22 for the biggest aluminium smelter in South-East Asia, even though the Hong Leong Investment Bank (HLIB) Research predicted a quarter-on-quarter (q-o-q) downfall in net profit for the third quarter of FY22 (3Q22). For the financial year 2023 (FY23), the HLIB claims that the net profit for Press Metal would have a restrained growth of 41 per cent y-o-y. The enormous y-o-y growth for FY22 and FY23 has been calculated keeping in mind the stocks from its...
Emirates Global Aluminium, the world's largest producer of 'premium aluminium', with smelters in Abu Dhabi and Dubai, welcomed His Excellency Sameh Al Qubaisi, Director General of Economic Affairs at the Abu Dhabi Department of Economic Development (ADDED) to the business's Al Taweelah site. His Excellency and other delegates from ADDED were welcomed by Abdulla Kalban, the managing director of EGA, and Abdulnasser Bin Kalban, the chief executive officer of EGA. The group received a briefing on EGA's industrial operations in Abu Dhabi and its efforts to further localise the company's supply chain and enhance Emiratization. "It was a pleasure to welcome His Excellency and his delegation from the Abu Dhabi Department of Economic Development to Al Taweelah, which is amongst the largest...
Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation, the inventories fell by 13,000 tonnes from 626,000 tonnes on October 24. The continued decline in inventories could be attributed to the ongoing closure of Gongyi Railway Station as it had been hindering cargo arrivals. The chart below represents the current status of primary aluminium inventories across China in more details: According to SMM data, primary aluminium inventories in Wuxi decreased by 5,000 tonnes over this weekend ended October 31 to stand at 205,000 tonnes, followed by the...
On Monday, October 31, Mississippi Gov. Tate Reeves announced that a special legislative session would be organised on Wednesday to discuss the much-awaited incentive plan for the $2.5 billion aluminium factory in Lowndes County. He stated that the project is anticipated to generate over 1,000 employment opportunities with an average yearly income of $93,000 and is considered one of Mississippi's most significant economic development pacts. Lowndes County is a county located in the south-central portion of the U.S. state of Georgia. The economic development agreement includes a flat-rolled aluminium production plant, biocarbon production facilities, and a few other industrial facilities. Projects to upgrade the infrastructure will also be included. The Golden Triangle Region will be home...
Alcomet, the Bulgarian manufacturer of aluminium rolled and extruded products, on October 31, declared that the company had yielded an incredible net profit of 34 million levs (US$17.3 million) in the primary nine months of 2022 alone. The profit is, by all means, higher than the 742,000 levs profit in the same period in the previous year. Alcomet claimed in an interim financial statement that the company's revenue has escalated to 589.4 million levs in January-September from the recorded 374.6 million levs in the first nine months of 2021. Operational expenses also hiked substantially, to 547.3 million levs from 370.9 million levs, due to the augmenting costs for hired services, personnel and raw materials. On the other hand, Alcomet's net sales decreased during 2022 by 10.34 per cent to...
Australia's leading provider of aluminium products and associated services, Capral, introduced LocAl®, a lower-carbon primary aluminium option available across Capral's locally manufactured extruded aluminium products. The nation's largest extruder provides Australian manufacturers access to cleaner, greener, more sustainable aluminium for their projects. The LocAl® offer includes two low-carbon aluminium options amongst the lowest carbon aluminium available globally: LocAl® Green with carbon emissions of 8kg CO2e/kg Al* LocAl® Super Green at 4kg CO2e/kg Al* As part of Capral's 2022 commitment to reach net-zero emissions by 2050, the company is driving rapid innovation and cultural evolution throughout the organization, particularly within procurement and operations. LocAl® represents a...
Vedanta Limited’s aluminium products prices saw a cut on Saturday, October 29, soon after they increased by INR 2,000 per tonne on the previous day. As per the last updated price chart, Vedanta’s aluminium wire rod price is standing at INR 220,500-228,000 per tonne since October 29, down by INR 6,250 per tonne or 2.76 per cent from INR 226,750-234,250 per tonne on October 28. Vedanta’s aluminium billet price came in at INR 222,000 per tonne on October 29 after being slashed by INR 6,250 per tonnes from INR 228,250 per tonne on October 28. The company’s aluminium ingot price is ranging between INR 213,000-243,500 per tonne since October 29, compared to INR 219,250-249,750 per tonne on a day earlier. Vedanta reduced its aluminium prices on October 29 in response to the downfall of the...
LME aluminium opened at US$2,230.5 per tonne Monday, with its high and low at US$2,241 per tonne and US$2,188.5 per tonne respectively before closing at US$2,225.5 per tonne, a drop of US$8.5 per tonne or 0.38 per cent. On October 31, Monday LME aluminium cash bid price dropped by US$29.50 per tonne or 1.32 per cent to halt at US$2,196 per tonne, and the LME aluminium official settlement price also declined by US$29 per tonne or 1.3 per cent to rest at US$2,197 per tonne. The 3-month bid price decreased by US$30.50 per tonne or 1.36 per cent to close at US$2,205 per tonne and the 3-month offer price slumped by US$29 per tonne or 1.3 per cent to close at US$2,207 per tonne. December 23 bid price and December 23 offer price recorded a US$35 per tonne or 1.51 per cent fall, stopping at...
On November 1, 2022, China Hongqiao Group said it would move 2 million tonnes of its capacity to the country’s southwest by the end of next year, as was decided earlier, despite the recent electricity supply disruptions there. The news came after Ron Knapp, adviser to the office of the chairman, told Reuters on Monday that Hongqiao Group built 850,000 tonnes of capacity in Yunnan this year, and by the end of 2023, it would build a total 2.03 million tonnes of capacity in Yunnan Hongtai plant. He clarified that relocation would occur despite Yunnan's ongoing power supply disruptions. The world’s top private aluminium producer had previously said it would move more than 60 per cent of its 6.46 million tonnes of capacity to Yunnan province from northern Shandong province by the end-2025 to...
Red mud, also known as bauxite residue, is one of the most underused industrial wastes created during the Bayer process used to process bauxite into alumina. However, with time, more than 700 red mud applications have been patented by scientists, out of which only a few have been adopted by the industry due to reasons like cost, poor public acceptability, environmental concerns, etc. One such application was recently made by the Bhopal, India-based research institute, CSIR Advanced Materials and Processes Research Institute (AMPRI). The researchers developed a method for turning red mud into X-ray shielding tiles using a ceramic process by including a certain weight proportion of high Z material and binder that is both environmentally friendly and economically feasible. Dr N. Kalaiselvi,...
