Scatec has begun construction of the first phase of a major solar power project that will supply renewable electricity to the Aluminium Company of Egypt (Egyptalum), advancing the Egyptian producer's efforts to reduce the carbon footprint of its aluminium operations. The first phase of the Dandara Solar Power project comprises a 569 MW solar plant supported by a 100-MWh battery energy storage system. The Norwegian renewable energy company has also signed loan agreements to finance the development, which was first announced in 2025. Under a 25-year power purchase agreement, the facility will supply clean electricity to Egyptalum. Once operational, the first phase is expected to generate approximately 1.4 TWh of renewable power annually and avoid more than 550,000 tonnes of carbon dioxide...
NTPC Green Energy Limited (NGEL) plans to expand its renewable energy capacity from around 12 gigawatts (GW) to 60 GW by 2032, marking a major step in its clean-energy expansion strategy. The target forms part of parent company NTPC Limited’s broader ambition to reach 149 GW of installed power capacity, supported by renewable energy, thermal expansion and a proposed entry into nuclear generation. The roadmap was outlined by P. Rahul, Deputy General Manager, Business Development – Green Hydrogen at NGEL, during the Bharat Renewable Energy Summit and Expo 2026. Alongside renewable capacity additions, the company is advancing green hydrogen, energy storage and green chemicals projects. To learn about the market potential of aluminium dross, explore "ALuminium Dross Processing: Generation,...
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Alcoa Intalco aluminum smelter sees a silver lining once again to restart its operation, as the climate and health care bill has been passed by Congress and signed by President Joe Biden with provisions that could help the resumption of the smelter’s operation. Already the reopening campaign for the smelter is in full swing since the rise of the aluminium spot price to a record high in March 2022. But what appears as a hurdle is the affordable source of electricity for energy-intensive aluminium production. So far, the smelter has been unable to reach an agreement with the Bonneville Power Administration, which sells electricity generated by federal Pacifica Northwest dams. As per the Seattle Times report, the climate and health care bill has dubbed the Inflation Reduction Act, which...
OpenGate Capital, a private equity firm based in Los Angeles, California, masters in the art of complete acquisition projects and recently has signed an agreement with the founder of Extol for its ownership. The mother brand of Extol, Spanish firm MCH and Fernando Busto will give in to forming a European union focusing mainly on the aluminium extrusion sector. Another company to be merged with this cluster is Aluminium France Extrusion, an international trade and development company from Saint-Florentin, Burgundy, France. The conglomeration will be further known as Aluminium Solutions Group (ASG), and the acquisition will be accomplished by the end of this year. However, the financial terms are yet to be published. The Aluminium Solutions Group will employ more than 800 professionals and...
According to the International Aluminium Institute data, world primary aluminium production in July 2022 rose by 176,000 tonnes or 3.10 per cent month-on-month. From 5.672 million tonnes in June 2022, the world output escalated to 5.848 million tonnes in July. The average daily output in June 2022 was 189,100 tonnes, while the average daily production in July 2022 came in at 188,600 tonnes. The total production volume of primary aluminium in July 2021 was 5.730 million tonnes worldwide; thus, if considered on a year-on-year scale, the output grew by 118,000 tonnes or 2.06 per cent in July 2022. The Q4 2021 saw a total aluminium production rate of 16.637 million tonnes, which declined by 71,000 tonnes in Q1 2022. Here we see a quarter-on-quarter sluggish trend at the beginning of 2022,...
Despite several meetings with Industri Energi and Norsk Industri, the collective agreement between the two companies to secure a new labour deal failed, due to which some employees at Alcoa's Mosjøen aluminium smelter in Norway went on strike on Monday, August 22. However, Alcoa's Lista plant in Norway is not currently part of the ongoing strike. In a more considerable labour dispute that affects other areas of Norway's industrial sector, Alcoa said that 17 of the 550 employees at the Mosjøen smelter failed to report to work on Monday. If the strike continues on Wednesday, the number will rise to 35 members. A reduction agreement that applies to Alcoa's factory specifies what will happen if a strike gets out of control, including delivery halts, temporary output cutbacks at the smelter,...
Domestic alumina production recovery in Jamaica is expected to counterpoise the slowdown in economic growth for the financial year 2022-23, caused by the country’s one of the main alumina refineries suspension. The Bank of Jamaica is projecting GDP growth of 2.5-4.5 per cent for the fiscal year ending March 2023. The bank’s governor Richard Byles said in a statement, “The forecasted growth reflects the recent resumption of production at the Jamalco alumina plant” In August 2021, Jamalco had to shut down its operation after a major fire accident but the 1.42 million tonnes refinery has now resumed. Jamalco is a joint venture between General Alumina Jamaica, a member of the Noble Group, and Clarendon Alumina Production, controlled by the Jamaican government. The former owns 55 per cent of...
Information & eGovernment Authority reported that in July 2022, Bahrain's exports of goods and services of domestic production surged by 29 per cent to BD421 million ($1.17 billion) from BD327 million recorded same month a year ago. Unwrought aluminium alloy, worth BD162 million, was the most exported commodity in July 2022, followed by unalloyed aluminium wire, worth BD18 million, and agglomerated iron ores and concentrates, worth BD89 million. In July 2022, the value of imports climbed by 12 per cent to BD468 million from BD418 million in the same month the year before. 68 per cent of the value of imports came from the top 10 nations, while 32 per cent came from the other nations. Brazilian imports to Bahrain were BD71 million; China came in second with BD67 million; and the UAE...
Samri Bauxite mines of Hindalco don't portray a large, red, rugged landscape with dust flying all around. This reclaimed mining land has been thoughtfully redesigned to foster new livelihoods and lifestyles. Over 6 hectares of mined-out land have been converted into a tea garden, biodiversity park, and grove. The Samri Bauxite mines in the Balrampur district of Chhattisgarh are an exceptional example of sustainable mining by Aditya Birla Group's metal flagship Hindalco Industries Limited. On mined-out land, the company has undertaken some ambitious projects to restore ecological sanctity. The Samri Tea Project is one example that flourished over 2 hectares of land, where Hindalco has invested in planting 16,000 tea saplings. However, the next target is to develop it into a full-grown tea...
Emirates Global Aluminium (EGA), the biggest premium aluminium producer in the world, has announced its best-ever half-year results, driven by strong operational performance across the value chain resulting in robust earnings. EGA has reported a net profit of AED 5.9 billion for H1 2022, which exceeds the net profit of AED 5.5 billion in the entire year of 2021 and stands 247 per cent higher than AED 1.7 billion in H1 2021. Adjusted EBITDA was a record at AED 7.6 billion in the first half of 2022, compared to AED 3.5 billion during the same period last year. Revenue totalled AED 18.3 billion, up by 69.44 per cent from AED 10.8 billion a year ago. This record-breaking fiscal result could be attributed to increased sales, shipments, and production across the value chain. EGA has mentioned...
InTech, a company that pioneers making all-aluminium travel trailers, has added the latest series of endurable trailers to its portfolio, called the O-V-R series. These aluminium trailers have been designed to penetrate rugged terrains and ‘even the most remote locations’. This portable trailer makes its presence known with its significant design allocations, which can be differentiated into three genres, focusing on the length and equipment installed. All these three models have been constructed around a hard, fully welded cage and framework. Aluminium is a lightweight, malleable metal which can be recycled a million times, making it favourable for automobile makers. It is sometimes preferred over steel for its super-light structure that adds no extra weightage to the end-user product....
After the two consecutive cuts, Vedanta’s aluminium ingot and products prices have seen a slight rise on Tuesday, August 23. The company has increased its aluminium ingot price by INR 1,250 per tonne to INR 220,250-249,750 per tonne, following a reduction of INR 2,500 per tonne on August 20 to INR 219,000-248,500 per tonne. Vedanta’s aluminium billet price has also seen a rise of INR 1,250 per tonne, resulting in INR 229,250 per tonne as of August 23. On Saturday, August 20, the price was cut by INR 2,500 per tonne from INR 230,500 per tonne to INR 228,000 per tonne. Vedanta’s aluminium wire rod price has come in at INR 227,750-235,250 per tonne on August 23 versus INR 226,500-234,000 per tonne on August 20. This reflects no exception but also an increase of INR 1,250 per tonne. Vedanta...
The forging industry in India's largest industrialized state, Tamil Nadu, is encountering a challenging phase as the cost of production materials like aluminium and steel and fuel has soared. Despite a revival in demand, the industry faces higher expenses and difficulty obtaining raw materials. Rajavelu Manickavasagam, the Managing Director of Innoforge Pvt. Ltd., said, “We are forced to buy through third-party traders, and even then, we don’t get materials on time. Industries cannot completely pass on the price rise, so industrial units must absorb some of it and cut expenses.” According to our report from the forging industry, the price of mild steel leapt from INR 40/kg to about INR 65/kg in a year, while stainless steel prices surged from INR 250 to INR 350 and aluminium from INR 250...
The California-based Electric Bike Company launched its much-awaited foldable e-bike, dubbed Model-F, featuring hydroformed aluminium chassis. The Model F sports a low-step through the frame and 24-inch wheels instead of the bigger cruiser's 26-inch wheels and the smaller 20-inch wheels often seen on other folding electric bikes. Hydroforming involves pressing room-temperature material into a die with high-pressure hydraulic fluid. A hollow aluminium tube is put within a negative mould that mimics the final shape to hydroform aluminium into the frame rail of a car. The 3′′ broad tyres are likewise a compromise between narrower street tyres and cushier fat tyres, more appropriately classified as balloon tyres. The bike is slightly more portable when folded thanks to the reduced diameter...
LME aluminium opened at US$2,405 per tonne on Monday and closed at US$2,388.5 per tonne, down US$5 per tonne or 0.21 per cent. On Monday, August 22, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$11.5 per tonne or 0.48 per cent to settle at US$2,387 per tonne and US$2,387.50 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,380 per tonne and US$2,380.50 per tonne, after experiencing a similar growth of US$7 per tonne or 0.29 per cent. December 23 bid price and December 23 offer price also went up by US$8 per tonne or 0.33 per cent to rest at US$2,425 per tonne and US$2,430 per tonne. LME aluminium opening stock was recorded at 273325 tonnes. Live warrants and Cancelled warrants came in at 172375 tonnes and...
Social inventories of primary aluminium in China have witnessed a slight rise of 3,000 tonnes over the weekend across eight major consumption areas, including SHFE warrants. Shanghai Metals Market data shows the inventories have totalled 683,000 tonnes as of August 22, compared to 680,000 tonnes on Thursday, August 18. Last week, on Thursday, primary aluminium inventories slipped sharply by 13,000 tonnes week-on-week and 18,000 tonnes from Monday, August 15, to clock at 680,000 tonnes. Cargo outflows from warehouses increased by 7,300 tonnes week-on-week, but inventories were offset by the arrivals of stocks in Wuxi and Hangzhou. Change in inventories in each Chinese province is further detailed in the chart below: Primary aluminium inventories in Wuxi and Hangzhou have accumulated 2,000...
The Window Glass Company Ltd., hailing from Bristol, supplies self-designed and manufactured windows, consisting of curtain walls and aluminium window solutions. Recently, the firm has been searching for a capable buyer to take over the organisation's operations. The enterprise now has generated sales of £3.4 million after going through the harrowing conditions of COVID-19. Moreover, the Brexit pact has not yet diluted the company's authority as it has acquired a £2 million purchase order along with securing many live contracts. Outside the paradigm, the business was badly affected due to augmenting prices of energy and raw materials, added with the delay in the completion of primary projects. The entire condition resulted in an uneven cash flow for the company, leaving it no other option...
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, in tandem with an uninterrupted downfall in the LME aluminium benchmark price for three days in a row. With effect from Saturday, August 20, Hindalco’s aluminium wire price has been decreased by INR 2,500 per tonne or 1.07 per cent to INR 232,100 per tonne versus INR 234,600 per tonne on August 18. Hindalco’s aluminium billets price has witnessed a cut of INR 2,500 per tonne from INR 237,600 per tonne on August 18 to INR 235,100 per tonne on August 20. With the last cut, Hindalco’s aluminium ingot price has come in at INR 221,000 per tonne against INR 223,500 per tonne on August 18. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month futures of...
The Bank of Jamaica, the country's central bank located in Kingston, is projecting 2022/23 fiscal year growth to be between 2.5 per cent and 4.5 per cent. While speaking at BOJ's digital quarterly briefing, Richard Byles, the Governor, said," Growth is also expected to range between one and three per cent for 2023/24. The Governor added, "The economy continues to perform creditably and delivered signs of solid expansion in April to June 2022 quarter and so far, in the September 2022 quarter." "The labour market continues to perform exceptionally, noting that the April 2022 Labour Force Survey out-turns showed that the unemployment rate fell to a historic low of six per cent." Byles also stated that deposit-taking institutions' (DTIs') balance sheets remain well capitalized and in...
According to a report on Monday, August 22, strike at Hydro Sunndal aluminium plant has come into effect today, which will result in the implementation of production cut agreement. Also, as a result of the strike, around 30 members of Industri Energi will not report to work at the aluminium plant. The strike is expected to cause a supply disruption, as 20 per cent of the production will initially be reduced within the next four weeks. A pause in the shipment of products from Hydro Sunndal to customers during the strike will also be an added factor for the supply irregularities. If the strike continues for more than four weeks, then another 10 per cent of production will be cut each week until one section of production line remains. More Industri Energi members will go on strike gradually,...
