Small businesses are facing delays in receiving refunds for tariffs struck down by the US Supreme Court, with companies that paid duties through shipping firms such as FedEx, DHL and UPS waiting longer to recover their money. Asher Rapkin, owner of California watch retailer Collective Horology, said he submitted paperwork in March to recover USD 164,000 in tariffs but did not receive any money until September. He initially received a USD 59,200 wire transfer without an explanation of which transactions had been refunded. FedEx said it is focusing on precision and regulatory compliance and has already released hundreds of millions of dollars. The company said it must check each claim, verify millions of entries and match them with corresponding US government data. Once customers submit...
Critical Metals Corp. (NASDAQ: CRML) gained ground on Monday after Greenland approved the Tanbreez rare-earth project’s mining and closure plans through 2050, removing a major regulatory hurdle for one of the largest heavy rare-earth deposits outside China. Signed by Greenland’s Minister and Member of the Parliament Múte B. Egede on September 29, 2026, the approvals cover operations through September 2050, providing a framework for roughly 24 years of permitted activity under the company’s current exploitation license. To learn about the market potential of aluminum dross, explore "ALuminium Dross Processing: Generation, Recovery & Strategic Roadmap" Critical Metals shares climbed up around 13% in morning trading before easing to a gain of about 4%, putting the stock on course to end a...
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The high-quality aluminium extrusion company and leading professional extrusion manufacturer in China, Fonnov Aluminium, has introduced a new product to its fleet of customized aluminium extrusion products designed to increase the proficiency of hydrogen fuel vehicles. Since its debut in 2015, vehicles powered by hydrogen have advanced significantly. They initially encountered several difficulties, including the need for additional infrastructure for refuelling, high prices, and a constrained range. However, technological advancements have addressed these issues, and hydrogen-fuel vehicles are becoming more popular. Hydrogen fuel cell cars are quiet, energy efficient, produce no emissions, and have equivalent range and performance to gasoline counterparts. They are eco-friendly and a...
On Tuesday, February 28, OnePlus announced it would launch its new phone OnePlus Ace 2V on March 7 in China, highlighting a few premium features of the device. On the official Chinese Weibo account, OnePlus posted that its new product, the brand’s first-ever mid-ranger, would feature flagship-grade flat aluminium side rails, along with a premium glass back to boot, similar to iPhone 14 series. The phone is assured to not only look good in the hands but beautiful to the eyes because of narrow bezel. Louis Lee, CEO of OnePlus China, shared a photo of the phone with side bezels as thin as 1.46mm and a bottom chin bezel as thin as 2.31mm, comparable to flagships like the Xiaomi 13, iPhone 14, and Samsung Galaxy S23. Louis also stated that OnePlus Ace 2V would be available in two colour...
Tradeglaze, the Lincoln-based manufacturer of aluminium doors, windows, and uPVC, unlocked another significant achievement by installing the new Emmegi Phantomatic X4' CNC machining centre for its aluminium plant. The update was a part of the firm's ambitious expansion plan, which it expedited last year in response to the market's exceptional demand for construction and home renovation services. The CNC machining centre is the fourth addition to the fabricator's repertoire in the past twelve months. It has four controllable axes and an electric spindle that continually spins from 0° to 180° to work on the whole workpiece's shape. A software update is also included in this substantial upgrade. The award-winning company recently acquired a new glass table, a spacer bar cutting machine, and...
The second largest chemicals company in Germany, Evonik, and also one of the largest speciality chemicals companies in the world, is investing multi-million euros in expanding production facilities for fumed alumina at its Yokkaichi site in Japan. The material will be used as an ultrathin coating for battery separator foils. This facility will be the German chemical company's first alumina asset in Asia, designed to produce speciality lithium-ion battery technologies for electric vehicles. Evonik revealed that construction will begin in the summer of 2023, while commercial operations will start in 2025. The project will also create additional jobs. However, the Japanese government subsidy is yet to be disclosed. Japan's automakers are at a fork in the road as the world shifts to electric...
Three-month LME aluminium opened at US$2,370 per tonne on Tuesday and closed at US$2,372 per tonne, a decrease of US$4.5 per tonne or 0.19 per cent. On Tuesday, February 28, the LME aluminium cash bid price and LME aluminium official settlement price again decreased after an intermittent rise on the previous day . While the former dwindled by US$15 per tonne to US$2,298 per tonne, the latter slipped by US$14 per tonne to settle at US$2,300 per tonne. The 3-month bid price and 3-month offer price shrank by US$13 per tonne and US$14 per tonne, respectively, scoring at US$2,345 per tonne and US$2,346 per tonne. December 24 bid price and December 24 offer price shrivelled by US$27 per tonne to close at US$2,533 per tonne and US$2,538 per tonne as of February 28. LME aluminium opening stock...
On Wednesday, March 1, China's A00 aluminium ingot price has gained RMB 110 per tonne to settle at RMB 18,440 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices will likely range between RMB 18,420 per tonne and RMB 18,460 per tonne. The A00 aluminium ingot price has shown changes in some of the provinces of China. As per the data, the prices in Foshan and Gongyi have hiked by RMB 130 per tonne and RMB 100 per tonne to close at RMB 18,460 per tonne and RMB 18,360 per tonne. On the other hand, in provinces like Wuxi and Hangzhou, the prices have gone down by RMB 5 per tonne to come in at RMB 18,320 per tonne and RMB 18,340 per tonne. On the same day, the prices in Chongqing, Shenyang, Tianjin and...
World alumina production in January 2023 totalled 11.647 million tonnes, with China accounting for more than 50 per cent, found the International Aluminium Insitute. The world’s biggest alumina and primary aluminium producer churned out 6.7 tonnes of aluminium ore in January, which majorly remained unchanged from 6.68 million tonnes tonnes in December 2022. However, on a year-on-year calculation, China’s alumina output registered a hike of 4 per cent from 6.430 million tonnes. For January, world alumina production recorded a month-on-month drop of 0.42 per cent from 11.696 million tonnes and a year-on-year downfall of 1.09 per cent from 11.775 million tonnes. World daily average alumina production was recorded at 375,700 tonnes in January, down by 0.42 per cent from 377,300 tonnes...
Next.e.GO Mobile (e.Go), the Aachen-based German manufacturer of electric vehicles and sustainable mobility systems, has signed a memorandum of understanding (MOU) with Trafigura to create a long-term supply chain management service agreement focussing on the supply of aluminium and battery metals like lithium, cobalt, and copper. The deal will considerably improve e.GO's capacity to follow its decentralised growth plan and strengthen supply chain dependability. Under the agreement, Trafigura will meet all of e.GO's requirements for transition and battery metal. The agreement also specifies how carbon intensity for each source of metals in the supply chain will be measured and how carbon declaration and transparency will be provided via the Agora supply chain emissions platform. "This...
Aluminium Stewardship Initiative (ASI) announced the joining of Midal Cables as the new Production and Transformation member. Founded in 1977, Midal is known for manufacturing aluminium rods, wires and overhead conductors for electrical transmission. With a current capacity of more than 350,000 tonnes annually, it has grown from a relatively small capacity of 15,000 tonnes of aluminium rods and a comparable level of ability to make overhead conductors become one of the top producers of aluminium rods in the world. “Our mission is to position our manufacturing presence in close proximity to our global customers and provide superior quality products by implementing our global competitiveness, social responsibility, excellent customer care, innovative technology, and environmental...
According to the Shanghai Metals Market survey, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, totalled 1.268 million tonnes on Monday, February 27. Over the weekend, the inventories increased by 20,000 tonnes from 1.248 million tonnes, and over a week rose by 35,000 tonnes from 1.233 million tonnes. Since January 19, before the Chinese New Year Holiday, the country’s aluminium ingot inventories have accumulated 524,000 tonnes. The inventories have maintained an upward trend but slowed down the gravity as there have been production cuts in Yunnan province due to restrictions imposed on electricity consumption. However, SMM predicts primary aluminium inventories to remain at a high level in the near term. To know more about...
Aluminium Toyo Ultimate Can (aTULC) and Texas-based American Canning are planning to introduce a new can liner to the Craft brewery industry in the US. Although being created in an entirely waterless operation, aTULC employs a pre-coated aluminium sheet with a more durable liner to defend against can corrosivity, in contrast to standard sprayed-on BPANI and epoxy coatings. “We’re excited to bring this technology to the states with a plant solely dedicated to craft. US craft is experiencing strong growth in many categories that have traditionally struggled with compatibility in aluminium cans. Think wine, cider, and ready-to-drink cocktails,” said David Racino, co-founder and CEO of American Canning. aTULC manufacture , created by Toyo Seikan Group Holdings, Ltd. (Tokyo, Japan), promises...
Apple is a brand that resonates with innovation, loyalty and creativity, so it is no wonder customers relate to it intimately. From originality to sustainability, the American multinational tech company always stays ahead. Not only the customers but the employees are also rewarded for their loyalty. Employees associated with the company for 10 years are awarded a square piece of aluminium, a cleaning cloth, and a message from CEO Tim Cook. The company is seen breaking norms by honouring the loyalty of its long-term employees in the middle of a pandemic-induced economic slowdown that has seen tech businesses reduce employment. The square piece of aluminium block is manufactured from the same 6000 class aluminium used to produce Apple products , says the firm's message included in the...
According to the U.S. Census Bureau survey, the United States domestic primary aluminium production in December 2022 grew by 2,000 tonnes or 3.23 per cent month-on-month, amounting to 64,000 tonnes. That brought the country's total output in the last quarter of the year to 190,000 tonnes, up by 4,000 tonnes or 2.15 per cent from 186,000 tonnes in the third quarter. However, on a year-on-year calculation, the United States' production of primary aluminium in December 2022 stood at 18.99 per cent less than 79,000 tonnes. In the second half of 2022, the United States' primary aluminium production was recorded at 376,000 tonnes, bringing the year's total amount of output to 861,000 tonnes versus 889,000 tonnes in 2021. That reflected a year-on-year decline of 3.15 per cent or 28,000 tonnes in...
With the growing concern towards a greener and more sustainable environment, the popularity of electric vehicles is on a high rise. A recent example of this trend is the Xiaomi Electric Scooter 4 Ultra, presented at the MWC 2023, which will offer riders many benefits, making it an excellent choice for trustworthy and effective transportation. The sturdy and lightweight aluminium body of the Xiaomi Electric Scooter 4 Ultra can hold a maximum load of up to 120 kg. Its expanded handle grip and roomy deck provide a comfortable and stable riding experience. The minimalistic but futuristic appearance of the scooter adds to its visual appeal. It can endure various situations and weather thanks to the IP55 classification. Due to the growing need for lighter, more fuel-efficient, and safer...
The Aluminum Association, a trade association for the aluminum production, fabrication and recycling industries and their suppliers, has flagged a warning of the worldwide ripple effects due to the Russia-Ukrain geopolitical conflict. The association has assured the aluminium industry stands united in support of all kinds of efforts deemed by the US government and its allies to address the ongoing crisis. They have also persuaded their members to work closely to ensure compliance with the newly announced measures. Last week, the United States announced a fresh round of a 200 per cent import tariff on Russian aluminium to mark a year of the Ukraine-Russia conflict. This will increase the cost of aluminium originating in Russia to enter the US market. Russia, one of the leading producers of...
The Joe Biden Administration announced a 200 per cent tariff on Russian aluminium imports on February 24, 2023. The Aluminium Extruder Council stated that this order would cover aluminium extrusion imports from Russia. Coupled with the new Aluminum Import Monitoring System (AIMS), importers must now declare their extrusions' import country and the source of the billet and ingot. If extrusions are imported from a third country and made from a Russian ingot or billet , they will also be subject to the 200 per cent tariff. AEC said, "The orders invite other countries to join the 200 per cent tariff by offering them a permanent exclusion from Aluminum 232 tariffs. The language in the order could be more precise in this area, so we expect further clarification." “Tracing extrusions from the...
According to the Shanghai Metals Market, China’s domestic average alumina spot price has dipped by RMB 1 per tonne to settle at RMB 2,946 per tonne as of Tuesday, February 28. In Henan and Guizhou, alumina price has plunged by RMB 15 per tonne and RMB 5 per tonne to stand at RMB 2,980 per tonne and RMB 2,875 per tonne, while that in other provinces remained restrained. The Australian alumina FOB price has recorded no change on February 28 following a drop of US$1 per tonne to US$369 per tonne on February 27 . China’s domestic A00 aluminium ingot price has remained muted at RMB 18,330 per tonne, with average prices likely to range between RMB 18,310 per tonne and RMB 18,350 per tonne, found SMM. The spot contract will continue to trade at a discount price of RMB 110-70 per tonne. However,...
LME aluminium opened at US$2,344 per tonne on Monday and closed at US$2,376.5 per tonne, an increase of US$34.5 per tonne or 1.47 per cent. On Monday, February 27, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$8 per tonne or 0.34 per cent and US$7 per tonne or 0.30 per cent to close at US$2,313 and US$2,314 per tonne. 3-month bid price and 3-month offer price moved up by US$3 per tonne or 0.12 per cent and US$4 per tonne or 0.16 per cent to halt at US$2,358 per tonne and US$2,360 per tonne. December 24 bid price and December 24 offer price climbed up by US$2 per tonne or 0.07 per cent to reside at US$2,560 per tonne and US$2,565 per tonne. LME aluminium opening stock closed at 559375 tonnes. Live warrants and Cancelled warrants came in at...
