A 15,000-ton shipment of primary aluminum from Venezuela has arrived at the Port of Avondale in New Orleans, Louisiana, marking the first Venezuelan aluminum shipment to the United States in nearly a decade and potentially reopening a long-dormant supply route between the two countries. The cargo was unloaded on October 5 in an event attended by US Secretary of the Interior Doug Burgum, House Majority Leader Steve Scalise and Representative Julia Letlow. The shipment is part of a broader commercial initiative involving US investment firm Heeney Capital and commodity trader Mercuria Energy Group, with the aluminum produced by Venezuela’s state-owned CVG Venalum. The shipment is considerably larger than Venezuela’s last reported US-bound aluminum cargo. The country last shipped primary...
Alurion Resources has cleared a key logistics hurdle for its Amargosa bauxite project in Brazil, with an independent study confirming that Bahia’s public road network can support haulage of up to 11.5 wet million tonnes per annum (Mtpa). The assessment by transport engineering firm Engimind covers three potential haulage levels of 5.75, 8.625 and 11.5 wet Mtpa. Its findings double the original scoping study base case and give Alurion a defined road route as it advances towards a Prefeasibility Study (PFS) targeted for mid-2027. Road capacity supports higher Amargosa volumes The study confirmed the northern route to the Port of Enseada via the BR-101 highway as suitable for the project. The route is about 160km from the North District and 220km from the Central District. Importantly, the...
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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...
The Singaporean-based Swiss multinational commodity trading company Trafigura is in the discussion stage to procure aluminium from the Russian aluminium giant Rusal, as reported by one of the globally renowned media houses. The company is highlighting its willingness to strike deals with Russian companies in the face of resistance from its biggest rival. Trafigura, founded in 1993, trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader, having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals. The report also reveals that Trafigura and Rusal are in talks for a term contract of about 150,000 tonnes of aluminium delivered-to-China basis. However, the above information has been unveiled following the...
In January 2023, Africa’s primary aluminium production amounted to 143,000 tonnes, continuing to increase by 3,000 tonnes or 2.14 per cent month-on-month, found the International Aluminium Institute survey. In December 2022, Africa produced 140,000 tonnes of primary aluminium, which was up by 11.11 per cent or 14,000 tonnes from 126,000 tonnes in November. On a year-on-year calculation, Africa’s primary aluminium output recorded a rise of 6,000 tonnes or 4.38 per cent from 137,000 tonnes. From January to December 2022, Africa churned out 1.620 million tonnes of primary aluminium, recording a rise of 1.89 per cent from 1.590 million tonnes a year ago. In January 2023, Africa’s aluminium output increased sequentially amid a drop in the world’s primary aluminium production. The latter...
Following years of planning and investment, Metalcorp Group S.A., a global service provider for acquiring, producing, mining, and selling metals and minerals, announced the first commercial shipment of 160,000 tonnes of bauxite in Guinea. This was carried out under the chairmanship of Mr Karamoko Soumah, General Inspector of the Ministry of Mines and Geology in Guinea. The bauxite is produced by Société des Bauxites de Guinée (SBG), a subsidiary of Metalcorp, in its own mine in the Guinean town of Garafiri and shipped using equipment built for that purpose. The approved port facility in the Konta area immediately loads the bauxite into barges that transport it to a transhipment vessel, where it is finished loading before being transferred to a Cape Size freighter bound for a Chinese...
According to our report from the MENA region, over $2 billion in industrial agreements were signed in Amman, the capital and the largest city of Jordan, at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, a regional initiative involving the UAE, Egypt, Jordan, and Bahrain. The UAE Ministry of Industry and Advanced Technologies, firms from the UAE, Egypt, Jordan, and Bahrain signed 12 agreements covering 9 industrial projects, including some vital industrial projects from the aluminium value chain. The aluminium sector-centric agreements reveal that the $550 million manufacturing project was announced as being launched by the UAE-based automaker M Glory Holding. Three electric vehicle (EV) facilities will be built as part of the...
The Emirates Environmental Group (EEG), in its first major recycling campaign for 2023, collected 7,357 kg of aluminium cans. This year, the campaign “Can Collection Day” was held on Sunday, February 26, under the theme “Say: Yes to Can Recycling, No to Carbon Emissions”. Mrs Habiba Al Mar’ashi, Chairperson of Emirates Environmental Group, explained the theme was chosen to establish that even simple sustainability actions like segregation and recycling could dramatically reduce carbon emissions in the atmosphere. According to her, the best way to save the planet is to organise action-oriented, inclusive programmes that engage the communities at large. Since 1997 (when the Can Collection Campaign was first rolled out) until now, EEG has collected 386,366 kg of aluminium cans for recycling....
Colorful's latest gaming laptop, the Evol X16 Pro, comes packed with a 16-inch Quad HD IPS screen with a 240 Hz visual refresh rate. Housed in an aluminium alloy case of 19.9 mm thickness, the laptop's components are cooled by the evaporator chamber and two additional fans. The RGB illumination of the keyboard can also be adjusted based on the user's need. The laptop's screen has a frame rate of 165 Hz in its base edition and a frame rate of 240 Hz in its top version. While the quantity of SSD is just 512 GB, the amount of RAM ranges from 16 to 64 GB. The laptop does include an additional M.2 2280 disc port, though. There are three available graphics cards: GeForce RTX 4050, 4060, and 4070. A 512GB PCIe 3.0 M.2 2280 SSD is used for permanent storage. The Core i7-13700H CPU and Nvidia...
Hindalco Industries Limited axed its aluminium products prices for three consecutive days last week since February 23. Following the cut of INR 3,750 per tonne on February 23 , Hindalco withdrew another INR 1,750 per tonne from its aluminium wire rod price on February 24. Hence, the product’s selling price totalled INR 236,850 per tonne as of February 24. On February 25, the product price continued being reduced and saw the sharpest cut than the previous two days reaching INR 231,100 per tonne, down by INR 5,750 per tonne from a day prior. Hindalco also reduced its aluminium billets price by INR 5,750 per tonne on February 25 to sell the product at INR 234,100 per tonne. On February 24, the billet price stood at INR 234,100 per tonne, down by INR 1,750 per tonne from INR 241,600 per tonne...
O'Donnell, a member of Scout Troop 35, found a way to help the residents of Sheffield continue with their recycling activity at the Elk Street shed, which was the sole option for collecting aluminium cans during COVID. However, with time, the old can shed started overflowing, as a result of which, residents found it difficult to recycle their aluminium cans. The Scout Troop 35 empties the bins and transports them to the recycling centre. "That's what prompted me to start the project. The old can shed would be overflowing in less than two weeks once COVID had people staying indoors so much more. It was overflowing constantly. Bags of cans were piled on top. Sheffield needed a more efficient recycling system for aluminum cans," said O'Donnell, a senior at Sheffield Area High School and a...
On February 23, Century Aluminum declared its financial results ended December 31, 2022, revealing an increase in annual net sales by 87.45 per cent from US$2,212.50 million in FY21 to US$2,777.30 million in FY2022. But that during Q4 2022 stood down by 16.84 per cent at US$529.9 million versus US$637.2 million in Q4 FY21. Century’s annual net sales increased in FY22 despite the downfall in shipments by 14,956 tonnes Y-o-Y from 783,637 tonnes to 768,691 tonnes. In Q4, the shipments stood at 169,471 tonnes, down by 2.45 per cent from 173,725 tonnes. Thus, the rise in net sales could be attributed to inflation and the LME aluminum global price hike. But due to the plunge in the metal price towards the end of the year, Century’s net sales in Q4 recorded a fall. Century posted a higher net...
Rio Tinto has warned the world is struggling to build enough renewable energy to replace fossil fuels, and at the speed needed, to hit aggressive emissions targets, as the miner confronts the challenge of sourcing cleaner power for its Australian aluminium smelters. Rio Tinto is one of the most significant consumers of energy and heaviest carbon dioxide emitters on Australia's eastern seaboard due to its aluminium smelters and alumina refineries in New South Wales and Queensland. The Anglo-Australian miner has been sourcing its energy from hydropower in many of its assets globally, while its Boyne and Tomago operations in Australia operate by coal-based electrical grids, causing one of the substantial hindrances to Rio Tinto’s push to cut 50 per cent emissions by 2030. In 2022, the...
Jarad Giddens, a city council member, gave the American Legion Post the first check for the city's $680 recent revenue from recycling aluminium cans. The American Legion Post uses its money from recycling aluminium cans to cover operating costs and provide emergency assistance to the community's veterans and their families. The Nixa Price Cutter parking lot contains a recycling bin specifically for Post 434's aluminium cans, formerly the post's primary source of income. "We were blown away by the generosity of the city to donate this money to the post in an ongoing manner. A few years ago, we had to take donations from our members just to keep the doors open and pay our bills, but now we don't have to worry about being able to pay the bills because the city is providing this. It's truly...
On Monday, February 27, China’s A00 aluminium ingot recorded a decline of RMB 150 per tonne to stand at RMB 18,330 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 to RMB 70 per tonne. On a W-o-W calculation, a plunge of RMB 360 per tonne was witnessed. The average prices as of today are estimated to range between RMB 18,310 per tonne and RMB 18,350 per tonne. The A00 aluminium ingot prices have experienced changes in all the major provinces. To begin with, the prices in Foshan and Chongqing have slipped by RMB 170 per tonne and RMB 160 per tonne to halt at RMB 18,330 per tonne and RMB 18,380 per tonne. On the same day in Shenyang, the price has dropped by RMB 150 per tonne to stand at RMB 18,330 per tonne. As per the SMM data, the prices in...
Three-month LME aluminium opened at US$2,389.50 per tonne last Friday and closed at US$2,642 per tonne, a decrease of US$47.50 per tonne or 1.99 per cent. On Friday, February 24, the LME aluminium benchmark price contracted significantly, marking the third consecutive fall. While the LME aluminium cash bid price nosedived by US$63 per tonne to close the week at US$2,305 per tonne, the LME aluminium official settlement price plummeted by US$61.50 per tonne to settle at US$2,307 per tonne. 3-month bid price and 3-month offer price also registered a sharp fall of US$52.50 per tonne and US$52 per tonne, respectively, to come in at US$2,355 per tonne and US$2,356 per tonne. December 24 bid price and December 24 offer price slipped by US$27 per tonne from the previous day to peg at US$2,558 per...
On February 24, 2023, the United States administration declared the imposition of a 200 per cent import tariff on aluminium and derivatives produced in Russia from March 10, 2023, in response to the ongoing Ukraine-Russia geopolitical, the world's largest economy retains towards compression of Russia's revenue. Also, starting on April 10, 2023, the White House would impose a 200 per cent duty on imports of "primary aluminium" produced in Russia. President Joe Biden said in a statement released by the White House, “In adopting the tariff adjustment ….I recognise that concerns about aluminium imports from Russia and their impact on our national security are shared by other countries. We need to work with our partners to ensure that the global market distortions caused by Russian aluminium...
