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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Jason Momoa, the 'Aquaman' star, launched his canned water business Mananalu in 2019 with a vision to replace single-use plastic bottles with recyclable aluminium ones. The bottles at Mananalu are composed of 69 per cent recycled aluminium. As per the latest reports, the 'Game of Thrones' star celebrated Earth Day by launching a new range of flavoured water in 22-ounce (oz) aluminium cans. The announcement of the same was made by Momoa on his social media account. Momoa also sipped the new flavoured water, revealing the new passion flavour in recycled aluminium cans. The actor and activist did not stop there. He also cast one of his pals as "Plastic Pete," a litterer brought down by Momoa on the New Zealand beach where the skit was shot. At the end of the video, Momoa disclaimed that no...
Aluminium is becoming more popular among businesses and consumers as they prioritise sustainability in their products, according to the Aluminum Association, the industry’s leading voice, representing companies that make 70 per cent of the aluminium and aluminium products shipped in North America. Choosing aluminium means selecting an indefinitely recyclable material that supports good-paying jobs while also helping the region in meeting climate and energy goals. When talking about packaging, aluminium beverage cans contain 3X to 12X more recycled content than competing packaging types, which is one reason aluminium is counted as the best sustainable solution. Again, when commenting on aluminium's usage in buildings and construction, aluminium structures can weigh substantially less than...
China’s A00 aluminium ingot price has increased by RMB 30 per tonne levitation in China, officially closing at RMB 18,390 per tonne, as the Shanghai Metals Market recorded on May 10, Wednesday. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contracts trading at premium prices of RMB 60 per tonne and RMB 20 per tonne. It seems the SMM aluminium ingot price has been on a downward curve after the Worker Day holidays, with the price taking an upward turn on May 4, reaching RMB 18,510 per tonne to again lose its vitality the next day. Since then, the prices have stayed below the maximum range of RMB 18,470 per tonne, which can be attributed to downfalling consumptions. The eight provinces in China , excluding Chongqing, have witnessed...
LME aluminium opened at US$2,327 per tonne on Tuesday, with its high and low at US$2,338.5 per tonne and US$2,293 per tonne, respectively, before closing at US$2,315 per tonne, a drop of US$3.5 per tonne or 0.15 per cent. On Tuesday, May 9, both LME aluminium cash bid price and LME aluminium official settlement price scored at US$2,320 per tonne and US$2,321 per tonne. Over the weekend, the prices had surged by US$43 per tonne or 1.88 per cent and US$43.5 per tonne or 1.90 per cent. 3-month bid price and 3-month offer price hiked by US$36 per tonne or 1.57 per cent and US$35 per tonne or 1.52 per cent to settle at US$2,326 per tonne and US$2,327 per tonne. For the same day, December 24 bid price and December 24 offer price clocked at US$2500 per tonne and US$2505 per tonne. LME aluminium...
Yamaha has unveiled its BOOSTER range of Easy eBike and pedelec electric bikes, developed in Europe to suffice the swiftly augmenting need for cleaner, quieter, energy saving and more feasible urban transport. The modernistic yet minimalist design sports a protruding die-cast aluminium front frame, a pair of spoked wheels with fat 20" x 4" tyres, and a classic U-frame specification that gives ease in handling the vehicle. Driven by an ultra-compact and lightweight Yamaha PW-S2 drive unit that delivers seamless power, the new BOOSTER models are ready to make every part of the metropolis easily accessible to the new generation of riders who live, work and play in the city. In the past, Yamaha's BW scooter and MBK Booster were trendy among young riders who wanted to experience the thrill and...
The HUAWEI Mate X3 is a ground-breaking foldable smartphone with four curved edges that provide superior handling comfort. It is made of high-quality materials, such as ultra-light carbon fibre and aviation-grade aluminium alloy, ensuring durability and longevity. This innovative device marks a new era in a foldable design. Pre-orders for the Huawei Mate X3, an impressive foldable smartphone with a sleek and lightweight design, exceptional features, and durability, will be available in the UAE starting May 10th. The device is built to last, featuring Kunlun Glass screens and IPX8-rated water resistance. It provides users with peace of mind when using it in different scenarios, such as rainy weather or in proximity to a pool. The battery life of a smartphone is crucial, and the HUAWEI Mate...
SRF, the Indian multi-business chemical conglomerate, announced that its board of directors has decided to establish a new facility that would include SRF Altech Limited, a wholly-owned subsidiary of the firm. The new factory, expected to cost INR 425 crore, would produce aluminium foil. As per the reports, the project's cost is expected to rise to INR 530 crores owing to modifications in machine configuration to improve production, product portfolio, and quality, as well as increases in civil and preparatory expenditures. The overall feasibility is projected to stay the same. In January 2022, the board of directors of SRF held a meeting for the construction of the aluminium foil plant. The company mentioned that the anticipated capacity expansion of 21000 MTPA would be added by September...
According to the Shanghai Metals Market survey, China’s aluminium smelters operating rates in primary production hubs, including Shandong, Xinjiang, and Inner Mongolia, stood robust in March 2023. The amalgamated installed aluminium capacity in these three provinces was 20.65 million tonnes, nearly half of China’s total. As of April 20, China witnessed 930,000 tonnes of aluminium capacity resumption and 212,000 tonnes of newly commissioned. Combining the two, China had an aluminium capacity of 1.14 million tonnes, which could almost negate the effects of the 1.2 million tonnes of aluminium capacity cut. China’s aluminium production in March (31 calendar days) also showed an improvement of 10.35 per cent M-o-M from 3.09 million tonnes to 3.41 million tonnes. Total output in the first...
Mercedes-Benz recently shared the outcomes of their low-carbon technology roadmap, which was developed in partnership with aluminium producer Hydro. They successfully tested a low-carbon aluminium that contains at least 25% post-consumer scrap and is now incorporating this more sustainable material into their structural cast components for production this year. The tested aluminium has a carbon footprint of only 2.8 kg CO2 per kg of aluminium. Markus Schäfer, Member of the Board of Management of Mercedes-Benz Group AG. Chief Technology Officer, Development & Procurement, notified: "On our path to achieving a net carbon neutral vehicle fleet along the entire value chain by 2039, we are reaching the next milestone: Together with our strategic partner Hydro we are bringing low carbon...
In the midst of expanding innovations and experiments in the packaging business, the rising demands for aluminium due to its unique attributes are increasing effectively. As clients choose eco-friendly and sustainable packaging solutions, innovative aluminium applications in the packaging sector are expanding. The Italy-based luxury packaging company for makeup and skincare products, Lumson, launched Techno Airless Aluminium (TAL), an aluminium airless packaging with a bag, in 2021 and was a massive hit in the market. As per the latest reports, the sustainable product is returning in a greener version. Beginning this year, a TAL version manufactured from post-consumer recycled aluminium (PCR) will be available. Given that aluminium is already a sustainable material since it is 100 per...
India’s aluminium scrap, finished and semi-finished products exports in March 2023 reflected month-on-year and year-on-year growth of 11 per cent and 15 per cent, respectively, to reach 213,960 tonnes. A month ago, India exported 193,214 tonnes of aluminium and a year earlier, the country shipped 185,687 tonnes. Turkey was the largest importer from India in March as the former relies heavily on imports for having minimal domestic production. Turkey hauled 31,224 tonnes in March, followed by the Netherlands importing 30,288 tonnes and South Korea 22,326 tonnes. India’s exports of aluminium semi-finished products in the said month were 180,394 tonnes, up by 8 per cent M-o-M from 166,308 tonnes. Of the total semi-finished exports in March, aluminium ingots accounted for 146,040 tonnes,...
UK-based Creed Foodservice Company, a catering services provider, has plugged into a noble initiative wherein the company would give preference to environmentally conscious suppliers as a part of their initiatives to achieve net zero by 2035. The company has set a goal of attaining carbon neutrality by 2025, and for that, it has laid out sustainable approaches to the cause. Creed has claimed it would scrutinise the sustainable policies of both prevailing and potential suppliers. Creed has worked side by side with corporate climate action consultants ClimatePartner to get better perspectives in their efforts to get environment-friendly. Philip Creed, the sustainability director of Creed, commented: "Where possible, we are looking to stock products from suppliers with clear and defined...
Santelmo, a startup known for developing sustainable and eco-friendly yachts, recently released a series of revolutionary models made of aluminium alloy and driven by green hydrogen, with over 90 per cent of the materials recyclable. Santelmo picked the Fuorisalone in Milan, from April 17 to 23, for its debut and will provide a unique work. The art, which includes a scale model of a boat, will be shown in the shop of Richard J. Brown, a premium denim company. Fuorisalone is a Milan-based communication and concept design company. The brand shares a sustainable strategy with Santelmo, which likewise tries to instil a feeling of responsibility for sustainability concerns across the supply chain and with customers. The F50P, a 15-metre yacht with a configuration that responds to the rising...
Century Aluminium, a US-based primary aluminium producer with smelters in Kentucky, South Carolina, and Iceland, announced its first quarter 2023 financial and operational results on Monday, May 8, 2023. The company released that its net sales increased by 4.25 per cent quarter-on-quarter from $529.9 million to $552.4 million, in line with the growth in shipments by 11,694 tonnes. According to the data revealed, shipments in Q1 2023 hiked from 169,471 tonnes to 181,165 tonnes, sequentially. Century reported a net loss of $38.6 million for Q1 2023, improved by $74.9 million from the previous quarter. The company’s finances were affected by $27.3 million of net exceptional items, in particular $47.8 million of unrealized losses on derivative instruments, and $5.4 million in curtailment...
The Union County Board of County Commissioners announced their upcoming free scrap metal recycling drop-off events for May 2023. From April through November, a range of metal objects, from home appliances to gutters and sheds, are accepted at two countywide collection locations in Cranford and Rahway. Items like air conditioners, aluminium scrap , aluminium siding, bicycles, brass, copper, dishwashers, electric fans, fencing (chain/wire), freezers, gutters, irons, lawn furniture, metal cabinets, metal sheds, microwaves, pots and pans, railings, refrigerators, stoves, tyre rims, toasters, washers and dryers, window frames (no glass) and wire hangers are all acceptable items for recycling. "These free drop-off sites provide our residents with a convenient way to dispose of old, broken or...
HMD Global has achieved extreme durability with its recent Nokia smartphone launch. The company claims its ¨ultra tough¨ Nokia XR21 will negate all kinds of ‘phone anxiety’ with its highly robust 100% recycled aluminium chassis. The Nokia XR21 is immune to any outer damage because its body has been safeguarded with durable materials. Some of the specifications are as follows: Corning Gorilla Glass Victus display; designed to handle the sudden impact Two-day battery life; ensures hiking activities 100% recycled aluminium framework; sustainable yet strong Nokia XR21 is impact, dust and water resistant to ensure it can be compatible with people prone to dropping their phones. While addressing the reporters during the launch, Brenden Folitarik, HMD Global ’s Country Manager for Australia, New...
Copper ground wires have long been the industry standard for underground wire installations in distribution networks. NKT, the leading cable and cable accessories supplier to the energy sector, has developed an option made of corrosion-resistant aluminium. NKT is ready to deliver AX PRO after ten years of development, including multiple trial installations and patent work. AX PRO is an aluminium ground wire with a low total cost of ownership and enhanced corrosion resistance while maintaining good reliability and performance. AX PRO is made up of seven separate coated aluminium wires. All wires are cabled to a single coherent product that requires no additional material to hold it together. Spreading the wires apart is only beneficial because the contact surface to the ground rises,...
According to a report on Monday, May 8, Zurich Cantonal Bank reduced its shareholding in Kaiser Aluminium Co. by 28.8 per cent in the fourth quarter. As per the disclosure with the Securities and Exchange Commission, the bank shed off 743 shares during the said quarter and owned 1,835 shares of Kaiser worth $139,000. Other hedge funds and institutional investors also recently bought and sold shares of Kaiser Aluminium. National Bank of Canada FI acquired new shares in Kaiser Aluminium worth $58,000 and Point72 Hong Kong Ltd bought a stake of nearly $80,000. Captrust Financial Advisors increased its shares by 76.1 per cent, owning 1,016 shares worth $96,000. Public Employees Retirement System of Ohio grew its position in Kaiser Aluminium by 14.2 per cent by purchasing 206 new shares. The...
