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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Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, August 16. The company has slashed its aluminium wire rod price by INR 6,750 per tonne to sell the product at INR 227,500-235,000 per tonne. On August 13, Vedanta’s aluminium wire rod price saw a previous cut of INR 2,000 per tonne to INR 234,250- 241,750 per tonne. On August 16, Vedanta’s aluminium billet price has also experienced a slash of INR 6,750 per tonne to stand at INR 229,000 per tonne versus INR 235,750 per tonne on August 13. Aluminium ingot price is hovering around INR 220,000-249,500 per tonne as of August 16, as against INR 226,750-256,250 per tonne on the previous week. Vedanta links its aluminium ingot and aluminium products prices to the...
Mozal SA, a primary aluminium smelter, has bagged the Aluminium Stewardship Initiative Performance Standard Certification with Provisional status for its smelting operation and related port facilities at Maputo. The smelter, located just outside the capital Maputo, a major industrial place in Mozambique, is operated by South32 and has an annual output of over a half a million tonnes. South32 owns 47.1 per cent of Mozal Aluminium, Mitsubishi Corporation Metals holds 25 per cent, Industrial Development Corporation of South Africa Limited 29 per cent, and the Government of the Republic of Mozambique 3.9 per cent. The ASI Performance Standard sets environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It...
Dutch e-bike specialist Vanmoof has come up with a limited edition version dubbed S3 Aluminum, which is expected to be available very soon in August. Following the release of its S3 model in 2021, the latest iteration flaunts a brushed aluminium frame and VanMoof's basic welding design. This limited-edition frame is an entirely pared-down version of the original and adheres to the brand's founding principle that "beauty is simplicity." The Aluminum S3's neat intelligent motor provides a smooth ride while operating inaudibly, even at peak speed. All the components, including the integrated handlebars, the one-piece saddle, and the 28-inch tyres, are colour-coordinated with that of the brand's very first straight frame, the M1, back in 2009. Due to its remarkable attributes, aluminium is...
Imperial Aluminium's anticipated expansion at a former industrial site on Bridge Street is being hampered by asbestos and lead contamination. Imperial Aluminum produces secondary aluminium alloys with facilities to service the Southeast and Midwest. As part of Imperial Aluminium's plans to raze portions of the structure, lead and asbestos must be removed from the former Kepcor/Structural Stoneware building. In order to pay for the cleanup, the company is seeking $105,000 in state grant funding from Carroll County commissioners. Commissioner Christopher Modranski said, "I think they have some lead-based caulking and some asbestos. They have to do some cleanup before they can utilize the property. The grant will allow them to hire a contractor to remove hazardous material." The recycler of...
Mike Fuge, the CEO of Contact Energy, New Zealand's largest electricity provider, predicts that Rio Tinto's Tiwai Point aluminium smelter might remain open beyond 2024 with investments in wind farms on the lower South Island. The wind energy resource at the country's South Island is presently largely unexplored, as the wind farms predominance is moreover at the lower North Island. On 15th August 2021, while communicating following the company's annual result, where Contact Energy also declared an investment of $300 million in a new geothermal plant, the CEO said, "The undeveloped wind resource in Southland and Otago had been conservatively estimated at between 3 and 5 terawatt-hours (TWh) a year." "All of that could come into play if the smelter stayed open. The country's total...
Hydro's aluminium extrusion facility at Spanish Fork, Utah, became the first location in the United States to be powered by 100 per cent renewable energy. The aluminium extrusion facility entered into a long-term agreement of eight years in July with the City of Spanish Fork and the Utah Municipal Power Agency to purchase locally generated power from two recently finished photovoltaic solar systems. Hydro Spanish Fork is one of the most important suppliers to the manufacturing sector. Hydro Spanish Fork can create distinctive bespoke mixes of aluminium alloy for customers with particular performance needs, thanks to on-site billet casting. The Spanish Fork plant joins Hydro's Pointe-Claire, Quebec complex, which uses only hydroelectric power, as the second location in North America to...
The newly created graphene aluminium-ion batteries from Graphene Manufacturing Group (GMG) hold the potential to revolutionise the way electric vehicle technology is used today. The batteries are not just lightweight or faster to charge but also feature better environmental credentials and have a longer lifespan than other lithium-ion counterparts. GMG believes its battery technology may be utilised for many applications, including coin-cell batteries for key fobs and the utility-scale battery packs used to power electric cars. The worldwide battery business is expected to be worth $50 billion by the middle of this century. “I think there are a lot of opportunities for this technology in automotive applications, especially given how well it performs in fast-charging and regenerative...
According to the data released by the National Bureau of Statistics on Monday, August 15, China’s primary aluminium output rose 5.6 per cent year-on-year to reach a monthly high at 3.43 million tonnes in July 2022. The previous high was 3.42 million tonnes achieved in May. The new milestone could be attributed to the ramping up of production on the ease of power restrictions. In China, both production and consumption activities at primary aluminium smelters have picked up in recent months. Also, in provinces like Yunnan and Gansu, new capacities have come in to operations. The picture was different last year when Yunnan province and other southern regions limited power usage due to severe dearth of supply and to reduce pollution. Outside of China, aluminium production was cut amid a surge...
New York Stock Exchange-listed Chinese state-owned companies whose audits are being scrutinized by the US securities regulator are delisting voluntarily. The Aluminum Corporation of China (Chalco), the oil giant Sinopec, China Life Insurance, PetroChina, and Sinopec Shanghai Petrochemical Co have announced they will delist their American Depository Shares this month. However, they will keep their listings in Hong Kong and mainland China. Chalco is a leading company in the Chinese non-ferrous industry sector, with a strong portfolio of assets among global competitors. It is the world's largest alumina producer and one of the leading aluminium producers by volume, with mining operations in bauxite and coal. The US Securities and Exchange Commission flagged the five companies and many others...
The average alumina spot price in China has further dropped over the weekend by RMB 3 per tonne to stand at RMB 2,956 per tonne as of Monday, August 15, found the Shanghai Metals Market. In Shandong, alumina price has plunged by RMB 20 per tonne to start the week at RMB 2,950 per tonne, with average prices likely to range between RMB 2,870 per tonne and RMB 3,030 per tonne. However, other provinces have witnessed no change in the average alumina spot price. The Australian alumina FOB price in China has built up by US$7 per tonne on August 15 to settle at US$333 per tonne after a decrease of USS$4 per tonne to US$326 per tonne on Friday, August 12. A00 aluminium ingot price has plunged by RMB 440 per tonne to come in at RMB 18,230 per tonne on August 15. The average prices are estimated to...
LME aluminium opened at US$2,522.5 per tonne last Friday and closed at US$2,433 per tonne, down US$84 per tonne or 3.34 per cent. On Friday, August 12, LME aluminium cash bid price closed the week with a slip of US$28 per tonne or 1.12 per cent to settle at US$2,468 per tonne. On the same day, LME aluminium official settlement price also went down by US$29.5 per tonne or 1.18 per cent to rest at US$2,468.50 per tonne. 3-month bid price and 3-month offer price fell by US$25.5 per tonne or 1.02 per cent and US$27 per tonne or 1.08 per cent to close at US$2,465.50 per tonne and US$2,466 per tonne. December 23 bid price and December 23 offer price dropped by US$27 per tonne or 1.06 per cent to score at US$2,500 per tonne and US$2,505 per tonne. LME aluminium opening stock stood at 277225...
Mahindra Group, an Indian billion-dollar enterprise, is launching a new version of its flagship Scorpio Classic with an all-aluminium engine block that weighs 55 kg less than its predecessor. As a result of the weight shedding and other advancements, the Scorpio Classic now offers 14% better fuel efficiency than before. Furthermore, Mahindra revealed that from 1000rpm onwards, the Scorpio Classic delivers 230Nm of torque or 77% of its peak torque output. The main advantage of aluminium engine blocks over iron is their weight. An aluminium block weighs about half as much as an iron block. This allows the manufacturer to distribute weight more evenly within the car, therefore taking pressure off the nose. The aluminium engine block is lighter, easier to repair, and less prone to...
This week, the global primary aluminium segment was about top companies announcing their financial results. To begin with, Aluminium Bahrain B.S.C. (Alba) reported that during Q2 and H1 2022, the aluminium smelter outside China reported a 97 per cent increase in net profit to BD181.9 million compared to BD92.7 million during the same time last year. National Aluminium Company (Nalco) registered a consolidated net profit increase of 60.6 per cent to approximately $70 million (INR 557.91 crore) in Q1 FY23 over Q1 FY22 on the strength of a 52.9 per cent increase in net sales to $475.33 million (INR 3783.32 crore). Hindalco industries reported that its consolidated profit after tax (PAT) surpassed record performance in 4QFY2022, rising to an all-time high of INR 4,119 crore. Hindalco...
On 11th August 2022, during a regulatory filing, Bharat Forge, the Indian multinational auto component manufacturer, reported a consolidated net profit of INR 160.37 crore ($20.12 million) for Q1 FY23. However, the company posted a consolidated net profit of (INR 152.75 crore ($19.16 million) in the same quarter previous fiscal. Moreover, the consolidated revenue from operations during the period under review was 2,851.46 crores, compared to 2,107.68 crores a year ago. Under review, it generated consolidated revenue of Rs 2,851.46 crore. During the year-ago period, it was Rs 2,107.68 crore. Bharat Forge aligned the accounting periods of all subsidiaries, associates, and joint ventures to make the group's operating performance more transparent. BN Kalyani, the Chairman and Managing...
Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. The prevailing crisis between Beijing and Canberra has forced Capral Australia to pose a direct inquest for a new anti-dumping policy against Chinese aluminium extrusions as they are heavily impacting Australia's international and regional sales. Hero Motors India invested in an indigenous high-end cycle component manufacturing factory at the Dhanansu e-cycle valley to compete with the cheap imports from Chinese markets. The managing director of G.A.Röders GmbH & Co KG, Gerd Röders, has decided to run 24-hour shifts in the 200-year-old factory for three successive weeks, followed by a week of a complete shutdown to bring the production rate on track, while keeping the...
The LME aluminium benchmark price moved high this week by US$33 per tonne but started the week with a decline and also displayed an intermitted drop. LME aluminium cash bid price and LME aluminium official settlement price decreased by US$12 per tonne on Monday, August 8, to stand at US$2,435 per tonne and US$2,435.50 per tonne, respectively. Next day, on August 9, the prices climbed up by 2 per cent and rested at US$2,487 per tonne and US$2,488 per tonne. On Wednesday, August 10, LME aluminium cash bid price shrank by US$25 per tonne to stand at US$2,462 per tonne, while LME aluminium official settlement price slipped by US$25.50 per tonne to settle at US$2,462.50 per tonne. On August 11, the prices built-up by US$34 per tonne and US$35.50 per tonne to come in at US$2,496 per tonne and...
The use of aluminium is increasing every moment. From smartwatches to construction to transportation, aluminium has been touched upon in all the major sectors. Like Sweden's Jetson One is a single-seat flying automobile that boasts an all-aluminium body that is lightweight and capable of reaching speeds of 101.4 km/hr for around 20 minutes. Crossbeats unveiled its latest Ignite Grande smartwatch, featuring aerospace aluminium. The most often used high-strength aluminium alloy is aviation-grade aluminium, which is very bendable but also a bit corrosive. It is the best raw material for creating the body of an aeroplane. The Best BuildingTM (TBB) is developing an aluminium building project that is modular and reusable and can be assembled and disassembled several times. With this, one can...
Vedanta Limited has revised its aluminium products and aluminium ingot prices for the three consecutive days this week since August 10. Following the price growth on Wednesday, August 10, Vedanta trimmed its aluminium ingot price by INR 2,500 per tonne the next day, August 11, to INR 225,750-255,250 per tonne. But on August 12, the company again raised the price by INR 3,000 per tonne to INR 228,750-258,250 per tonne. Vedanta’s aluminium wire rod price also witnessed a hike of INR 3,000 per tonne on Friday, August 12, to come in at INR 236,250- 243,750 per tonne, following a cut of INR 2,500 per tonne to INR 233,250-240,750 per tonne on August 11. Aluminium billet price came in at INR 237,750 per tonne on Friday, up by INR 3,000 per tonne from INR 234,750 per tonne on August 11. Vedanta...
