Hindalco Industries is moving to structured digital tenders for spot sales of metallurgical-grade alumina in a bid to improve transparency, broaden market participation and strengthen price discovery in the global alumina market. The company is partnering with Metalshub for the initiative through its subsidiary Utkal Alumina International. The move comes as the alumina market continues to lack the transparent, transaction-based pricing mechanism available for aluminium. Hindalco said only around 10 per cent of the 55–60 million tonnes of alumina traded globally each year in the third-party market is sold through spot transactions, even though those sales can influence benchmark prices for a much larger volume of long-term contracts. Hindalco moves alumina spot sales to digital bidding...
Four days to go, and the aluminium world is getting ready to move to Düsseldorf. From October 6-8, the city will host ALUMINIUM 2026 , with more than 800 exhibitors and partners and over 21,000 trade visitors expected at Messe Düsseldorf. The event will bring together producers, recyclers, downstream manufacturers, technology providers, equipment suppliers, policymakers and end users from across the global aluminium value chain. The 2026 edition comes at an important point for the aluminium industry. European producers are facing pressure from energy costs, international competition and tighter climate requirements, while concerns around raw material security and resilient supply chains continue to grow. At the same time, demand for aluminium is expanding across electric mobility,...
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The ninth annual edition of London Craft Week 2023 will take place in October and will feature events across the city that celebrates sustainability and cutting-edge technology in design and handiwork. Many advocates of sustainable design and craft will be attending the event, including Anabela Chan, the world's first fine jewellery firm to employ gemstones created in labs. The business, known for its thoughtful and cyclical approach to materials, will also showcase its works, such as the 'Mermaid's Tale,' which is fashioned from recycled and refined aluminium cans from beach cleanups. “As a sustainable and ethical brand, our ideas always stem from thinking about new solutions to create a positive environmental impact within the industry. The core idea was to find a solution to reduce...
Storvik Group has been given many significant and central contracts by Alcoa Mosjen, the American aluminium giant Alcoa's subsidiary. The contracts are in connection with previously announced investments targeted at increasing production capacity at the Mosjen smelter. Storvik believes the contract value is significant. The deliveries are specifically related to a complete refurbishment of nearly 8,000 anode yokes, which is a large and complex task as they are continuously used in the production of aluminium. The projects are already well underway and will continue in close collaboration with Alcoa Mosjøen until mid-2025. Stein Kjartan Vik, the CEO of Storvik, said, "We are humbled and proud that Storvik has been chosen as the supplier. We are highly motivated to ensure that the projects...
Today, Darragh O'Brien, the Minister for Housing, Local Government, and Heritage, has requested the Oireachtas to approve amendments to the Planning and Development Regulations. Additionally, the Minister is seeking approval for planning exemptions to allow retailers to implement the government's new 'Deposit and Return' initiative for plastic or aluminium bottles. The move will help these businesses save hundreds of euros in 2023. These changes will permit the continued exemption of license fees for outdoor dining for restaurants, cafés, hotels, and pubs throughout Ireland. The government plans to introduce a Deposit and Return Scheme (DRS) for plastic bottles and aluminium cans as part of its commitment to waste reduction. This scheme involves charging a small deposit on drink...
Collaboration is a buzzword in the watch business, and Hublot is undoubtedly one of the most active watch manufacturers. Hublot has collaborated with Nespresso to develop a Big Bang utilising recycled aluminium pods and coffee grounds as part of their most recent and unexpected cooperation. The Big Bang Unico Nespresso Origin, an outcome of a partnership between Hublot and Nespresso, embodies the ideals of innovation, quality, and sustainability that are important to both companies. The 42mm casing, bezel, pushers, and crown of the watch are made of recycled aluminium , which contains 28 per cent Nespresso capsules and is etched with Nespresso's N emblem. The sapphire case-back features a recycled Eco-Titanium frame. " Nespresso is proud to join forces with Hublot to create the Big Bang...
According to the latest data from the Ministry of Commerce, Govt. of India reveals that the alumina exports to Russia escalated to 0.258 million tonnes in April-February of the financial year 2022-23 (FY23) from zero in the previous period of FY22. The surge in India-Russia trade with the mentioned commodity has been under the global export-import radar. Russia is one of the world's leading aluminium producers (ex-China) and a significant alumina consumer. Russia was shut off from important supply sources like Australia and Ukraine-Russia geopolitical crisis as both nations chose not to send alumina to Russia. Australia stated it prohibited the supply of alumina and bauxite to Russia because they were vital components in manufacturing and developing weapons. Other suppliers, including...
Baotou Aluminium Co., an electrolytic aluminium base of Chinalco in northern China, has been enlisted by the Aluminium Stewardship Initiative (ASI) as the new Production and Transformation member. Founded in 1958, the company was an electrolytic aluminium enterprise constructed during China's Second Five-Year Plan and the first electrolytic aluminium enterprise designed and independently built after the establishment of New China. After more than 60 years of development, the company has become the first phalanx of China's aluminium industry. It has a production capacity of 1.3 million tonnes of electrolytic aluminium, 1.71 million kilowatts of self-provided electric power, 50,000 tonnes of high-purity aluminium and 120,000 tonnes of anode. It has a total asset value of 18.22 billion yuan...
Mills CNC will be featuring one of their most popular simultaneous 5-axis machining tools at the Manufacturing Solutions – Ireland 2023 Exhibition in Limerick on June 14-15. The DVF 5000 can accurately manufacture aluminium components with the use of metal powder. As the exclusive distributor of DN Solutions’ and Zayer machine tools in the UK and Ireland, Mills CNC also offers advanced automation system solutions to component manufacturers. The showcased machine is DN Solutions’ DVF 5000 model, equipped with direct-drive spindle technology, linear guides, a 60-tool position ATC, integrated thermal compensation, and the latest advanced Fanuc 31i Plus control with 15” touchscreen iHMI. On display at their stand (M4) in the Technology Zone, the DVF 5000 has become a go-to machine for OEM and...
The current aluminium price in China has halted at RMB 17,890 per tonne, with a steep fall of RMB 430 per tonne, as the Shanghai Metals Market reported on May 12, Friday. The average aluminium price trends are between RMB 17,870 per tonne and RMB 17,910 per tonne. The discount prices have ventured around RMB 60 per tonne or RMB 20 per tonne. The eight provinces in China have witnessed plummeting A00 aluminium ingot prices today. The aluminium spot price fell the highest in Tianjin by RMB 430 per tonne, officially closing at RMB 17,940 per tonne. The price index in Gongyi and Wuxi have marked a plunge of RMB 420 per tonne, resting at RMB 17,800 per tonne and RMB 17,880 per tonne. In Chongqing, the aluminium price stood at RMB 17,980 per tonne, with RMB 410 per tonne downfall, followed by...
Touted as one of the most sustainable headphones in the market, Fairbuds XL from the Dutch electronics manufacturer and social enterprise, Fairphone has been made from recycled aluminium and tin, combined with recycled plastic and vegan leather for the cushions. Their commitment towards sustainability continues, as the fabrics of the bag they come in are also derived from recycling. Apart from the exciting features like IP54 certification for dust and water, the attribute which makes it stand out is that it can be fixed from the comfort of one’s home. Fairphone has been on the market for some years with a clear proposition to provide customers with devices that may be fixed from the comfort of their own homes. Besides being supra-aural headphones produced with recycled materials, they are...
LME aluminium opened at US$2,275.5 per tonne on Thursday, with its high and low at US$2,282 per tonne and US$2,202 per tonne, respectively, before closing at US$2,213 per tonne, a drop of US$56.5 per tonne or 2.49 per cent. On Thursday, May 11, both LME aluminium cash bid price and LME aluminium official settlement price plunged by US$47.5 per tonne or 2.08 per cent and US$47 per tonne or 2.06 per cent to halt at US$2,228 per tonne and US$2,229 per tonne. 3-month bid price and 3-month offer price dwindled by US$43.5 per tonne or 1.90 per cent and US$44 per tonne or 1.92 per cent to peg at US$2,236.50 per tonne and US$2,237 per tonne. December 24 bid price and December 24 offer price contracted by US$40 per tonne or 1.62 per cent to score at US$2,415 per tonne and US$2,420 per tonne. LME...
A sister concern of Nasdaq-listed Vintage Wine Estates Inc., ACE Cider has released the latest variant of its flagship beverages in 100% recyclable aluminium cans. ACE Cider introduced this new flavour, ACE HIGH Imperial Pineapple, to add to their successful line of HIGH Imperial releases. This 8% ABV beverage, made from 100% fermented fruit juices, has a tropical taste thanks to the blend of tart apple juice and real pineapple. It is gluten-free, vegan, and has no added sugar. To keep up with the brand's environmental commitment, these vegan beverages are served in infinitely recyclable aluminium cans, emitting less carbon dioxide on recycling than a standard one-time-use plastic solution. The SVP and General Manager of ACE Cider, Tracey Mason, exclaimed: "ACE Pineapple Cider is one of...
Renowned Japanese architect Tadao Ando has recently unveiled his highly-anticipated design for the MPavilion, which is scheduled to open later this year at Melbourne's Queen Victoria Gardens. Ando's signature style, characterized by strong geometric forms and the use of simple materials such as concrete and aluminium, is prominently featured in the pavilion's design. The top of the magnificent monument upholds a 14.4-meter aluminium-clad disc, which gives it an ornamental display. The pavilion's opening will mark the onset of a five-month festival of free programming in the parks aimed at exploring Ando's architectural ideas and concerns and global design debates. Ando's idea was to construct a meeting place that perfectly blended with the serene atmosphere and the surrounding botanical...
On Monday, the Odisha government approved 11 projects worth INR 2,841 crore in investment, expected to provide employment opportunities to around 3,721 people. The approval was granted at the State Level Single Window Clearance Authority (SLSWCA) on Monday, April 8. In addition to aluminium and steel, the approved projects at the SLSWCA meeting include chemicals, plastics, food processing and packaging, textiles and apparel, tourism, and renewable energy. The proposal for expansion of the Utkal Alumina International in Rayagada district and Hindalco Industries in Sambalpur’s Lapanga district was also approved. The two projects are expected to generate around 500 jobs and INR 1,000 crore in investments. Nine of the 11 companies present at the SLSWCA meeting had participated in the Make in...
Vedanta Aluminium is reportedly increasing production at its smelters in Jharsuguda (Odisha) and Korba (Chhattisgarh) to widen its product lines and diversify product mix to cater to sunrise sectors like high-tech manufacturing, electric vehicles, green building, renewable energy, and battery technologies. The company is committed to meeting the growing demand for aluminium with its indigenously produced aluminium products for the engineering and technology sectors. Vedanta Aluminium is a well-known player in the value-added aluminium product market. It produces more than half of India’s aluminium. In FY2023-23 ended March 31, Vedanta’s aluminium production totalled 2.29 million tonnes. “The world seeks to transition to a low-carbon future, one that is undoubtedly going to be metal...
In a recent development, it has been notified that the Tata and Airbus collaboration will give rise to the production of transport carriers in Vadodara, Gujarat. The Chairman of Tata Sons, the Tata Group, N Chandrasekaran, proudly announced that the company will now be able to create indigenous Airbus C-295 aircraft for the Indian Air Force (IAF) by melting aluminium ingots after the opening of the final assembly plant in Vadodara. This is a proud moment for India and Tata Industries, as one of its forefathers, J.R.D. Tata was the first licensed pilot in India. The tactical airlifter of a new generation, the Airbus C295, recently completed its successful maiden flight for India. Airbus stated that this achievement is a crucial milestone towards delivery in the second half of 2023. The...
According to the International Aluminium Institute, alumina production in Europe (including Russia) surged by 13.41 per cent or 66,000 tonnes month-on-month during March 2023 to reach 558,000 tonnes. In February, the output stood at 492,000 tonnes, descending by 4.84 per cent from 517,000 tonnes. On a year-on-year basis, Europe’s (including Russia) alumina production in March 2023 reflected a plunge of 27.44 per cent from 769,000 tonnes. In the first quarter of 2023 ended March 31, alumina output in Europe totalled 1.567 million tonnes, registering a 9 per cent fall from 1.722 million tonnes in Q4 2022 and a slump of 35.50 per cent from 2.430 million tonnes during the same period last year. The daily average alumina production in Europe stood at 18,000 tonnes during March 2023 – 400...
Moonen 110, the three-deck steel hull full displacement motor yacht, has completed its first week of sea trials and endurance test at the Dutch coast on the North Sea. Built using aluminium, the yacht's exterior was designed by René van der Velden Yacht Design, with interiors from Studio Indigo and naval architecture by Diana Yacht Design. "It's always exciting to take a brand new design out for the first time. She performed very well at sea, very stable and comfortable. We really noticed how low the noise and vibrations levels are. She's a beautiful boat," said Project Manager John Bechtold. With a speed of 110 knots and a top speed of 13 knots, the aluminium super-yacht is powered by twin Caterpillar engines, giving them the needed boost. One of the biggest advantages of using aluminium...
Novelis, the world’s leading flat-rolled aluminium producer and aluminium recycler, announced its fourth quarter and full year results of FY2022-23 ended March 31. The company noted that its net income attributable to common shareholders in Q4 FY2023 was $156 million, down by 27 per cent from $215 million a year ago. In the full fiscal year, the income amounted to $658 million, reflecting a Y-o-Y plunge of 31 per cent from $954 million. Novelis’ net income from continuing operations in Q4 FY23 also stood at $156 million, reflecting a fall of 28 per cent Y-o-Y from $217 million. In the full year, the company earned $659 million as net income from continuing operations compared to $1,018 million in FY2022. Adjusted EBITDA was recorded at $403 million in Q4 FY2023, down by 6.50 per cent from...
