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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On Friday, August 12, Rusal, the Russian aluminium giant announced its H1 2022 operational and fiscal results ended June 30, reporting a 1.2 per cent increase in primary aluminium output to 1.89 million tonnes versus 1.87 million tonnes during the same period last year. But the sales of primary aluminium and aluminium alloys declined by 11.9 per cent year-on-year from 2 million tonnes to 1.76 million tonnes. As far as the production of raw materials is concerned, both bauxite and alumina output has registered a decline for H1 2022 by 11.8 per cent and 19.6 per cent, respectively. According to the data released by Rusal, bauxite production decreased year-on-year from 7.64 million tonnes to 6.74 million tonnes, while alumina output shrank from 4.1 million tonnes to 3.3 million tonnes....
Hero Motor Company’s sister concern, Spur Technologies, announced opening its first manufacturing unit for making indigenous bicycle components to compete with the cheap Chinese imports at Dhanansu e-cycle valley on August 11. The chairman and managing director of Hero Cycles, Pankaj Munjal, stated that the bicycle component industry should boost its pace in the global sector by shifting to the use of aluminium instead of steel in the making of high-end bicycle products, which has been the motto for the European Union, Japan and North America for over twenty years. He defined that other auxiliary experiments with materials like carbon or other composites must be accomplished at a local level, alongside the development of patents and required intellectual properties at the site to add...
Sustainable aluminium management has become more critical due to the exponential growth in global demand. Due to the shift to a sustainable society with lightweight electric vehicles, aluminium utilisation in the transportation industry has expanded. Recycling aluminium is therefore crucial to reducing the amount of rubbish that ends up in landfills. Recycling aluminium conserves 95% of the energy required to produce the same quantity of aluminium from scratch. United States export of aluminium scrap to South Korea in April 2022 stood at 25,600 tonnes, which was augmented by 21,890 tonnes M-o-M from 3,710 tonnes in March. In March, a flat growth of 90 tonnes or 2.48 per cent was recorded from 3,620 tonnes in February. For the same year in January, M-o-M expansion of 870 tonnes or 31.63...
On Thursday, August 11, Aluminium Stewardship Initiative announced the joining of Qualipac Aluminium as its news Industrial User member. To support a responsible value chain for aluminium, Qualipac Aluminium has opted to participate in an ASI certification procedure. Groupe Pochet, a pioneer in high-end luxury packaging for fragrance and cosmetic products, includes Qualipac Aluminum in its family of companies. The design, production, and ornamentation of aluminium components are specialities of Qualipac Aluminium. “As parts of Groupe Pochet commitments to sustainability and responsible packaging “Luxe Autrement” program, Qualipac Aluminium is proud to join ASI as a member and is working actively toward certification to promote a responsible value chain for Aluminium,” said Nicolas...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, announced its Q2 and H1 2022 fiscal results on Thursday, August 11, reporting a 97 per cent surge in net profit to BD181.9 million versus BD92.7 million during the corresponding period of the previous year. Gross profit for Q2 was BD208 million, compared to BD123.7 million a year ago. The total comprehensive income for Q2 also elevated by 123 per cent year-on-year from BD90.7 million to BD201.9 million, and the revenue grew by 41 per cent from BD370 million to BD520.4 million. In the first half of 2022, Alba’s net profit registered a hike of 127 per cent Y-o-Y to stand at BD328.7 million versus BD144.8 million for the same period in 2021. Gross profit escalated by 89 per cent from BD204.2 million to...
There have been reports of a management buyout costing US$2 million in Alcomet, the UK's component provider to the electricity transmission and distribution market. The founder of Alcomet, Gary James, hosted the session while declaring his separation from the brand. Chris Beasley, the managing director, has been entrusted with the massive responsibility of running the company. Alcomet was first conceptualised 25 years back to supply stainless, steel, copper alloys and aluminium, but gradually the company has incorporated the provisions to make electric metals and components that can be transported all around the UK substation and energy sector. The company operates hand in hand with distribution network operators, transmission network providers and associated contractors. This entire...
The most significant clean energy company in India, delivering 17 billion units, Greenko Group, and one of the world's aluminium producers Hindalco Industries, have agreed to build a green energy project in Odisha with a capacity of 375 MW-400 MW. On 11th August 2022, Greenko stated that the project would institute wind and solar capacity and supply power to Hindalco's aluminium smelter in Odisha. "Hindalco Industries Limited and Greenko Energies Private Limited have entered into a commercial arrangement to set up a renewable energy (RE) project to supply 100 MW round-the-clock carbon-free power. The arrangement covers the development of 375-400 MW of solar and wind capacity," Greenko added. "As part of the agreement, we will design, construct, partly own and operate the solar and wind...
LME aluminium opened at US$2,495.5 per tonne on Thursday and closed at US$2,517 per tonne, an increase of 0.83 per cent. LME aluminium cash bid price stopped at US$2,496 per tonne, with a 1.38 per cent or US$34 per tonne escalation on Thursday, August 11, while LME aluminium official settlement price rested at US$2,498 per tonne, experiencing a price hike of US$35.50 per tonne or 1.44 per cent. 3-month bid price grew by 1.76 per cent or US$43 per tonne to stand at US$2,491 per tonne, while the 3-month offer price witnessed a US$44 per tonne or 1.8 per cent boost to US$2,493 per tonne. December 23 bid price and December 23 offer price climbed up the graph by US$44 per tonne or 1.77 per cent to rest at US$2,527 per tonne and US$2,532 per tonne, respectively. LME aluminium opening stock...
On Friday, August 12, A00 aluminium ingot price in China slipped by RMB 100 per tonne to close at RMB 18,670 per tonne. The average price for the same is expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts to be traded at a discount price of RMB 370 per tonne to RMB 330 per tonne. Wuxi and Hangzhou prices have slipped by RMB 120 per tonne to rest at RMB 18,630 per tonne and RMB 18,680 per tonne. In Gongyi, the price has gone down by RMB 100 per tonne to close at RMB 18,510 per tonne. On the same day, in Shenyang, the price slumped by RMB 90 per tonne to score at RMB 18,620 per tonne, followed by Foshan, where the price descended by RMB 70 per tonne to stand at RMB 18,560 per tonne. As per the SMM data, in Linyi, the price has decreased by RMB 60...
Hindalco Industries Limited has raised its aluminium ingot and aluminium products prices for the second time in a row, with effect from Thursday, August 11. The company’s aluminium ingot price has accumulated INR 2,250 per tonne to come in at INR 227,750 per tonne, following a hike of INR 4,500 per tonne to INR 225,500 per tonne on August 6. Hindalco’s aluminium wire rod price has also been raised by INR 2,250 per tonne, with effect from August 11, to be sold at INR 238,850 per tonne. On August 6, the product saw an increase of INR 4,500 per tonne from INR 232,100 per tonne to INR 236,600 per tonne. Aluminium billets price stands no exception but also seen a raise of INR 2,250 per tonne to INR 241,850 per tonne, with effect from August 11. On August 6, the price stood at INR 239,600 per...
The Riverview Town Council has declared that it would make an investment of US$60,000 to rejuvenate the riverfront holiday light display system, which was recently destroyed by local goons, who stole connected copper wires that were electrifying the lights. At a recent council meeting, these advancements were discussed, and it was decided that the copper wiring system would be replaced by aluminium to be cost-effective and not to attract criminal activities. Aluminium is a cheaper alternative to copper, which is a semiconductor of electricity. Moreover, its lightweight provides ease in transport and boosts the entire installation process. Aluminium is infinitely recyclable, which extends the longevity of these wires, as they can be processed and reused later when they are in an...
On Wednesday, August 10, Hindalco Industries Limited announced its first quarter results ended June 30, posting the highest net profit once again. The company’s consolidated profit after tax (PAT) reached an all-time high at INR 4,119 crore, exceeding record performance in 4QFY2022. On a year-on-year calculation, it recorded a 48 per cent hike, while on a quarter-on-quarter 7 per cent rise. The company’s revenue from operations in the April-June period jumped to INR 58,018 crore from INR 41,358 crore during the same period last year, and consolidated EBITDA grew 27 per cent over the year to stand at INR 8,640 crore. These robust financial results were driven by an excellent operational performance by Novelis, a subsidiary of multinational aluminium manufacturing company Hindalco. Novelis’...
The company engaged in the mining and trading metallurgical coal, PT Adaro Minerals Indonesia Tbk (ADMR) stock value zoomed on 11th August 2022, after reportedly the news floated the possibility of investment from the giant South Korean automotive company, Hyundai. Citing data from the Indonesia Stock Exchange, ADMR's shares rose 4.27 per cent or 70 points to 1,710. Throughout 2022, the issuer, just listed on the stock exchange on 3rd January 2022, has recorded growth of up to 1,600 per cent. Share prices of the company increased after it reported that Hyundai, a leading automotive company from South Korea, was planning to invest in a Greenfield aluminium smelter project in Indonesia. Garibaldi Thohir serves as Chairman of the Green Industrial Estate Consortium, building the industrial...
Aluminium Stewardship Initiative (ASI) announced on Wednesday, August 10, that the London Metal Exchange (LME) had conditionally accepted ASI's Performance Standard V3 (2022) as a recognised alignment-assessed standard for Track A of its Responsible Sourcing Requirements. ASI's 2022 Performance Standard is OECD-Aligned, according to an independent examination of standard alignment. Aluminium LME Brands may employ ASI Certification by the 2022 Performance Standard to show that they have complied with LME Responsible Sourcing criteria. Following the conclusion of the alignment assessment's implementation phase, the alignment will be evaluated with complete, unqualified acceptance. “ASI has done an excellent job translating the text of the OECD Guidance into practices for the aluminium value...
Jetson One, a single-seater flying car designed by Sweden, flaunts an all-aluminium lightweight body and can reach a speed of 101.4 km/hr during an approximate 20 minutes flight protocol. This extraordinary feat can be achieved owing to the in-built Tesla Battery pack. Flying this airborne car doesn’t require a flight specialist or any license. The Jetson One comprises aluminium space frames and carbon-kevlar, which makes the car weigh only 86 kilograms, classifying it as an ultralight eVTOL (electric vertical take-off and landing) craft, thus requiring no license for a stipulated take-off. To move towards sustainability after the amendment of the Paris Agreement on 2016, more and more international companies are switching to aluminium since it is an infinitely recyclable product....
Vedanta Limited has once again added INR 4,750 per tonne to its aluminium ingot and aluminium products prices, with effect from Wednesday, August 10. On August 6, the company’s aluminium ingot and products prices also saw a rise of INR 4,750 per tonne. With the latest hike, Vedanta’s aluminium ingot price is standing at INR 228,250-257,750 per tonne versus INR 223,500- 253,000 per tonne on August 6. Experiencing a raise of INR 4,750 per tonne as well, Vedanta’s aluminium wire rod price has come in at INR 235,750- 243,250 per tonne as of August 10 against INR 231,000- 238,500 per tonne on August 6. Aluminium billet price is currently at INR 237,250 per tonne versus INR 232,500 per tonne last week. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of...
The Indian multinational conglomerate, Adani Group, which already operates ports, airstrips, mining development and gas distribution businesses in Odisha, has received approval from the state government for building an alumina refinery. As a result of the high-level clearance authority (HLCA) led by chief minister Naveen Patnaik's approval, the ten proposals are set to generate about 24,047 jobs with an investment potential of $9.39 billion (INR 74,620 crores). For the state government, the approval came months before the third edition of the Make in Odisha conclave. Adani Enterprises, a wholly owned subsidiary of Adani Group, has received approval to build a 4 MTPA alumina refinery and 175 MW captive power station in the bauxite-rich Kashipur area of the Rayagada district. Odisha will...
Vedanta Limited, one of the leading oil to metals organisations, has planned to invest $2 billion in aluminium, zinc, oil and gas for FY23. Anil Agarwal, the chairman of Vedanta, stated during a speech at the firm's Annual General Meetings (AGM) that the business is entering the strategic manufacturing of semiconductor fab and display fab. “Not only are semiconductors in short supply globally, but India is also 100% import dependent,” said Agarwal. According to him, domestic semiconductor consumption may reach $110 billion by 2030 and surpass $80 billion by 2026. Therefore, Vedanta and Foxconn, one of the biggest electronics manufacturers in the world, inked a MoU to establish an integrated semiconductor manufacturing plant in India. “I truly hope this is only the beginning of the...
