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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The African-focused mineral exploration company Canyon Resources has been granted a 'Certificate of Environmental Compliance' (CEC) for its world-class Minim-Martap Bauxite Project by the Ministry of Environment. A detailed Environmental Social Impact Assessment (ESIA) was conducted by Canyon Resources (Canyon) through its 100% owned subsidiary Camalco S.A. The ESIA included extensive public consultation of multiple stakeholders and related communities. Jean-Sebastien Boutet, the Chief Executive Officer, said: “It is gratifying to see the steady progress occurring because of our rigorous and systematic approach. Signing the Certificate of Environmental Compliance is another demonstration of the momentum the company is building through our positive interaction with all stakeholders in...
Over the past few decades, aluminium has unlocked new dimensions, as endless objects have been developed that simplify and improve the quality of daily human life. Compared to the prior year, 2021 saw an increase of over 100 million units in the usage of aluminium screw caps for liquor bottles. Data from Euromonitor International, provided by Aluminium Closures Group, indicates that in 2021, the number of screw caps used in Europe crossed seven billion. When examining on-trade consumption in Europe, use increased by 20 per cent. In the off- and on-trade outside of Europe, aluminium closure usage increased by roughly 6 per cent. “While the numbers are still under 2019 volumes, they indicate a welcome return to growth, particularly in Europe and particularly in on-trade sales. Undoubtedly,...
According to the International Aluminium Institute’s latest data, world primary aluminium production in the third quarter of 2022 ended September 30 closed at 17.481 million tonnes, recording a quarter-on-quarter increase of 2.36 per cent. In Q2 ended June 30, global output stood at 17.078 million tonnes, up by 3.33 per cent from 16.527 million tonnes in Q1. As the data revealed, world primary aluminium production reflected a consistent growth in each quarter, bringing the total production in nine months of the year to 51.086 million tonnes, which also registered an improvement of 1.18 per cent from 50.492 million tonnes a year ago. However, world primary aluminium output in September 2022 edged 3.22 per cent lower month-on-month to 5.702 million tonnes compared to 5.892 million tonnes...
LME aluminium opened at US$2,218 per tonne last Friday, with its high and low at US$2,240.5 per tonne and US$2,165.5 per tonne, respectively, before closing at US$2,218.5 per tonne, an increase of US$1.5 per tonne or 0.07 per cent. On Friday, October 21, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$58.5 per tonne or 2.64 per cent to score at US$2,155 per tonne and US$2,155.50 per tonne. 3-month bid price and 3-month offer price declined by US$52.5 per tonne or 2.35 per cent to record at US$ 2,174.50 per tonne and US$2,175.50 per tonne. December 23 bid price and December 23 offer price slipped by US$52 per tonne to stop at US$2,255 per tonne and US$2,260 per tonne. LME aluminium opening stock halted at 570000 tonnes. Live warrants and...
The Australia-based mining and metal technology company ABx Group has confirmed that its 83%-owned subsidiary ALCORE Limited (ALCORE), has selected the initial operating conditions for its planned pilot plant on the New South Wales (NSW) Central Coast. This pilot plant aims to produce hydrogen fluoride from 'excess bath', a waste product from aluminium smelters. During the commercial process, hydrogen fluoride will be converted into aluminium fluoride, a high-value chemical essential for aluminium smelting. ALCORE commissioned three reactors earlier this year and has since monitored their performance at varying temperatures, residence times, and acid amounts. The results of this assessment program, combined with literature data and thermodynamic modelling, have allowed the company to...
A unique characteristic separates every Indian car manufacturer from its competitors among customers. For instance, Maruti Suzuki is known for its fuel efficiency, Hyundai and Kia for their features, and Mahindra and Tata for their strong build. However, the Japanese car manufacturer Toyota is known for its reliable engine. According to our report, many type 1 Toyota Innova owners still drive their cars without any significant issues. There have been Innovas that have done over 1 million km on odometers without any problems. Toyota Innovas are incredibly reliable when compared to other cars in the segment. As per our information from auto experts, these engines are unique from others in the segment and are built for a purpose. The engine of this car does not have too many advanced...
The Singapore-incorporated multinational commodity trading company Trafigura, also acknowledged as the global leader in trading refined metals, including aluminium, has entered into a USD800 million five-year loan underwritten and arranged by Societe Generale and syndicated to seven participating banks. The loan is guaranteed by the government of the Federal Republic of Germany acting through the German Export Credit Agency (ECA) Euler Hermes Aktiengesellschaft. Germany's Untied Loan program supports Trafigura's commitment to delivering up to 500,000 tonnes of non-ferrous metals, including aluminium, to Germany over five years. The Untied Loan program ensures Germany's long-term access to strategic commodities. In exchange for offering cover on the financing, Trafigura has committed to a...
In the search for sustainability, big brands prefer aluminium over other materials in making their products. A great propagator of infinitely recyclable aluminium usage, Ball Corporation has introduced sizes 9-ounce and 12-ounce Ball Aluminium Cup® to their consumer profile which can be very beneficial for the entertainment sector. Testings funded by the US Federal Highway Administration confirm the feasibility of Aluminium Bridge decking technology, and Norwegian Hydro is keen on delivering perfection in that aspect. Apple will use a high-end combination of textiles, aluminium, and glass to design the company’s latest Virtual Reality headset, allowing iris scanning for biometric payments with log-ins. The first aluminium goods train rake assembled in India was flagged off from...
The ongoing Ukraine-Russia geopolitical has been a cause of discrepancies worldwide. With the Russian gas lines closed, Europe is on the brink of losing its primary aluminium products line and the aluminium recycling units. The European Commission stated that KPS Capital Partners' portfolio company, German aluminium smelter Speira on October 19 bagged the EU antitrust approval to acquire aluminium recycler Real Alloy Europe. In collaboration with Alupro, Preston City Council has launched a programme to recycle aluminium. Residents would be encouraged to recycle empty, clean foil trays, aerosol cans, drink cans or tins and aluminium foil for wrapping. India'sIndia's renowned lead smelter, Pondy Oxides & Chemicals, is plotting to construct an INR 5 crore aluminium recycling plus melting...
The Pittsburgh-based industrial production and the world's eighth-largest aluminium producer, Alcoa, is lowering its outlook for alumina and bauxite shipments on the ground of demand contracts and reducing output. According to the Q3 earning report, the company anticipates alumina shipments to range from 13.1 million tonnes - 13.3million tonnes (t), a dip of 500,000 tonnes. This lower production level results from the company's San Ciprián refinery's 50% reduction in production, or 800,000 tonnes per year, to reduce its losses from higher natural gas prices. The Australian refineries of Alcoa are also expected to minimise shipment volumes. Due to lower demand from Australian refineries, the bauxite shipment estimates for the year have been reduced by 1 million tonnes to 43-44 million...
Rolls-Royce Spectre comes with a lightweight aluminium space-frame chassis and is the British automobile genius’ first stepping stone toward the endeavour to create an all-electric production line by 2030. The well-acclaimed Phantom Coupé is the precursor to the Spectre and has been tested to support a driving range of 520 km on a single charge. Not only does the Spectre flaunt a lightweight aluminium space-frame chassis, but it is also 30 per cent more rigid because of the inclusion of extruded aluminium sections and a battery embedded in the original framework. An aluminium space frame is created out of extruded aluminium sections, aluminium sheets, and vacuum die-cast components of various thicknesses and lengths. Extremely upgraded technology is required to fabricate an aluminium body...
The ongoing Russia-Ukraine has changed a lot in the global primary aluminium industry. To begin with, on Tuesday, October 18, the London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea, received significant shipments of Russian-origin aluminium from the Anglo-Swiss multinational commodities trading and mining corporation Glencore, which has its headquarters in Switzerland. Christopher Burnham, the chairman of En+ Group, called the Bloomberg report on the US sanctions rumours published on October 12, 2022, "irresponsible." Rusal, the group's metal division, is the largest independent renewable energy source and the world's top producer of low-carbon aluminium. Due to significant deliveries to London Metal Exchange (LME)-approved warehouses, the LME aluminium cash bid...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday, October 17, China’s primary aluminium inventories stood at 664,000 tonnes, witnessing an increase of 9,000 tonnes from 655,000 tonnes on Thursday, October 13. On a year-on-year basis, China’s inventories as of October 20 edged 321,000 tonnes lower, as pandemic across many regions slowed transportation this year and resulted in fewer cargo arrivals. However, the chart below indicates the current status of primary aluminium inventories across China in more details: In Nanhai, primary aluminium...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Because commercial manufacturers obtain the products produced here, downstream is one of the most important areas in the aluminium industry. To begin with, for the second time in a row, AMAG Austria Metall AG, was recognised with the "Effective Sustainability Communicator Award" for its comprehensive and open sustainability reporting. At its extrusion factory in Offenburg, Germany, Hydro, a major industrial firm dedicated to a sustainable future, invested in a 426-meter-long solar fence. The barrier, the first of its sort in Germany, will lessen emissions from the facility. Kriskadecor, known for its aluminium chain interior products, came up with a unique...
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the London Metal Exchange (LME). On Tuesday, October 18, the prices further decreased by US$39 per tonne and US$39.50 per tonne to rest at US$2,200 per tonne and US$2,200.50 per tonne. They continued to decline the next day as well to settle at US$2,168 per tonne and US$2,169 per tonne, respectively. On Thursday, October 20, both LME aluminium cash bid price and LME aluminium official settlement price elevated after three consecutive days of decline to close at US$2,213.50 per tonne and US$2,214 per...
Malaysia-based Press Metal Aluminium Holdings Bhd has retrieved 123.59 million shares from the market, selling almost a 1.5 per cent stake in the company amounting to RM605.59 million, as was recorded in the local bourse board. The group filled in the data on October 19, Wednesday and Bursa Malaysia confirmed that each share was sold at RM4.90 the day before on October 18. The five Koon brothers were vital in the selling of these shares, where the chief executive officer of the group, Tan Sri Koon Poh Keong, sold for 51.59 million, the group’s executive vice-chairman Koon Poh Ming went down for 20 million, and the executive directors, Koon Poh Weng, Datuk Koon Poh Tat and Koon Poh Kong sold for 30 million, 17 million and 5 million, respectively. Today, the share price of the biggest...
On 20th October 2022, the Aluminum Association, the aluminium industry's leading voice in the United States of America, released the updated environmental product declarations (EPDs) that show reductions in the environmental impact of aluminium product types including primary aluminium ingot, recycled aluminium ingot, aluminium extrusion products and aluminium sheet products. An EPD is a comprehensive, internationally harmonized report describing a product's potential environmental impact through its life cycle. Companies using EPDs in the building and construction industry make informed decisions about what products to use. Charles Johnson, the President & CEO of the Aluminum Association, said, “Aluminum produced in North America is more sustainable than ever. The domestic industry has...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on October 20. Hindalco’s aluminium wire rod price has also been raised by INR 6,000 per tonne from INR 216,600 per tonne on October 20 to INR 222,600 per tonne on October 21. Aluminium billets price is no exception and seen a hike of the same amount to peg at INR 225,600 per tonne as of Friday, October 21. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange (LME), which grew by 2.07 per cent on Thursday,...
