Since ALUMINIUM 2024, Hydro has entered several long-term renewable power agreements, invested in new production and recycling capacity in Europe, entered new partnerships with brands like Mercedes-Benz and CHANEL Fragrance and Beauty as well as customer agreements covering close to 360,000 tonnes of low-carbon aluminium for Europe’s electricity infrastructure. The aluminium products from Hydro are critical to energy infrastructure, mobility, and building and construction as they contribute to future proofing customers. Value chain transparency, documentation, low-carbon and recycled content, and the way Hydro works with customers to deliver circular solutions demonstrates how aluminium is part of the solution. The commitments come as aluminium is increasingly recognised as a critical raw...
Rio Tinto is connecting its Kitimat aluminum production with a new British Columbia-based supply chain through a long-term agreement with RevoCast Aluminum Billets Ltd., under which aluminum from BC Works will be combined with recycled aluminum to produce billet for North American manufacturers. Announced on September 28, the agreement gives Rio Tinto exclusive marketing rights for aluminum billet produced at RevoCast’s newly commissioned Langley casting facility. The operation combines primary aluminum from BC Works with recycled aluminum processed by RevoCast. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” The deal, however, will not change...
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According to the Shanghai Metals Market survey, social inventories of primary aluminium have grown by 15,000 tonnes over a week ending Thursday, February 23. On a week-on-week basis, the stocks have increased by 32,000 tonnes across eight major consumption areas, including SHFE warrants, to amount to 1.248 million tonnes. Aluminium ingot inventories have grown slowly as the warehouses in Gongyi and south China controlled cargo inflows due to limited storage and equipment maintenance, respectively. However, in the short term, the inventory is expected to stabilise at a higher level. The chart below indicates the current status of primary aluminium inventories across China in more details: Among the major consumption areas, Wuxi has reported the highest accumulation of stocks over a week....
BrewDog, a multinational brewery and pub chain based in Scotland, is expanding into China following a joint venture with Budweiser China. The new Putian craft brewery in the Fujian province, operated by Budweiser China, will manufacture BrewDog’s Punk IPA, Hazy Jane, and Elvis Juice in uniquely designed aluminium cans. The agreement is BrewDog's second joint venture in Asia after the company announced its cooperation with Asahi in Japan in September 2021. Since the announcement of the arrangement, sales in Japan have increased by double, according to BrewDog. Moreover, it has agreements with Molson Coors, Heineken, Estrella Galicia, Warsteiner, and Swinkels on a global scale. "Going global as an independent business, in an industry dominated by giants, is incredibly tough yet we have...
Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices, with effect from February 23, after two consecutive hikes on February 21 and 22, on account of the LME aluminium price drop. The company has reduced its aluminium ingot price by INR 3,750 per tonne or 1.62 per cent to bring it back to INR 227,500 per tonne like on February 21. On February 22, the price stood at INR 231,250 per tonne. Hindalco has also axed its aluminium wire rod and billets prices by INR 3,750 per tonne on February 23 to sell its products at INR 238,600 per tonne and INR 241,600 per tonne, respectively. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metals Exchange, which slumped by US$45 per tonne on Wednesday,...
Incepted in 1997, the Can Collection Campaign was the 1st environmental community action programme launched by EEG to support the Leadership’s vision of becoming a more sustainable economy. Since inception until the end of 2022, EEG has collected 378,083 kg of used Aluminium cans, which led to the mitigation of 5,675 MT CO2e, saved 86,046 Million BTU of energy and 9,178 m3 of landfill space. As reflected by the collections, a positive direction has transpired in our society. In 2022, we witnessed tremendous participation wherein we collected a total of 25,474 kg of Aluminium cans from 4,138 participating entities, exceeding the target of 20,000 kg. Hoping to break records again, we call on all our participants to actively participate in our upcoming ‘Can Collection Day’ scheduled to be...
The Trade Remedies Authority (TRA), an executive non-departmental public body sponsored by the Department of International Trade, reported on Wednesday, February 22, that it began the reconsideration procedure of the recommendation of anti-dumping measures on aluminium extrusion imports from China. The process started after the authority received a request from a UK producer, who claimed the duties imposed did not accurately reflect the level of injurious dumping. During the original investigation, the TRA found the domestic aluminium industry was suffering and struggling to compete with the prices offered by imported extrusions. It, therefore, recommended anti-dumping duty on aluminium extruded products flooding into the UK from China. But later on, the authority excluded certain...
Transgrid has introduced cutting-edge new equipment, a first for Australia, to speed up the recycling of obsolete transmission lines, reducing emissions and saving millions of dollars. Transgrid has teamed up with the German manufacturing company ZECK to recycle conductors in western Sydney. The outer layer of aluminium is removed from conductors when fed into the ZECK Al/Steel Separator (ZAS) machine under tension. It is then sliced into 30-70mm pieces gathered in considerable bags in preparation for smelting into new goods. At the other end, the undamaged steel core is coiled onto a cable drum and prepared for recycling. Newcastle-based Field Coordinator Mitch Coppock proposed the usage of the technology to Transgrid. Transgrid is the trusted and reliable operator of high-voltage energy...
Three-month LME aluminium opened at US$2,458.50 per tonne last night and closed at US$2,413 per tonne, down US$46 per tonne or 1.87 per cent. On Wednesday, February 22, the LME aluminium benchmark price registered a significant decline after two consecutive days of hike. While the LME aluminium cash bid price plummeted by US$45 per tonne to US$2,385 per tonne, the LME aluminium official settlement price slumped by US$45.50 per tonne to settle at US$2,385.50 per tonne. The 3-month bid price and 3-month offer price shrank by US$42 per tonne and US$43 per tonne to peg at US$2,428 per tonne and US$2,429 per tonne, respectively. December 24 bid price and December 24 offer price contracted US$35 per tonne to close at US$2,600 per tonne and US$2,605 per tonne. LME aluminium opening stock stood...
On Thursday, February 23, A00 aluminium ingot price in China has remained restrained since Tuesday, February 21. The price as of today settled at RMB 18,620 per tonne, with the average prices standing between RMB 18,600 per tonne and RMB 18,640 per tonne. The spot contract price is expected to be traded at a discount price of RMB 120 to RMB 80 per tonne. However, on a W-o-W calculation , the price has fallen by RMB 190 per tonne from RMB 18,430 per tonne. As of today, the A00 aluminium ingot price in Tianjin has gained RMB 40 per tonne to halt at RMB 18,640 per tonne. On the other hand, in Foshan and Hangzhou, the prices have gone down by RMB 10 per tonne and RMB 5 per tonne to peg at RMB 18,620 per tonne and RMB 18,615 per tonne. In the other provinces like Gongyi, Wuxi and Chongqing,...
Following the completion of HarbisonWalker International (HWI)’s acquisition by Platinum Equity through a merger agreement, the global investment firm confirmed Calderys and HWI would join forces to create a leading world-class refractories solutions provider. Michel Cornelissen, currently President and CEO of Calderys, is appointed Global CEO of the combined company, effective immediately. The CEO said, “We have a tremendous opportunity to bring together the best of both companies to create a high-growth, customer-centric refractories provider with a global scale. Our goal is to be the best partner for our customers anywhere in the world, to support them in their energy transition needs, and to set a new benchmark for the industry.” HWI’s headquarters will remain in Pittsburgh as the...
Emirates Global Aluminium welcomed His Highness Mohamed Ibrahim Al Hammadi at the Al Taweelah facility in Abu Dhabi. He is the Managing Director and Chief Executive Officer of Emirates Nuclear Energy Company (ENEC), Emirates Nuclear Energy Corporation is responsible for deploying and owning nuclear energy plants in the UAE. Chief Executive Officer Abdulnasser Bin Kalban and a group of executives greeted His Excellency and his delegation to EGA. The discussions focused on the two firms' respective contributions to the future of sustainable energy in the UAE. Via a long-term arrangement, ENEC provides power to EWEC, which EWEC then sells to other parties for dispatch. "The Barakah Nuclear Energy Plant provides a significant amount of EWEC's clean electricity and will continue to deliver the...
Vedanta Limited has lifted its aluminium products prices and aluminium ingot prices for the second day in a row, bringing its aluminium wire rod price to INR 239,500-247,000 per tonne. That was an increase of INR 3,500 per tonne from the previous day. On February 21, Vedanta’s aluminium wire rod price stood at INR 236,000-243,500 per tonne, up by INR 4,750 per tonne from INR 231,250-238,750 on February 17. Vedanta’s aluminium billet price has also seen an increase of INR 3,500 per tonne on February 22 to stand at INR 241,000 per tonne, following a hike of INR 4,750 per tonne from INR 232,750 per tonne to INR 237,500 per tonne. Aluminium ingot price has also been elevated by INR 3,500 per tonne on February 22 to INR 232,000-262,500 per tonne. On February 21, the price stood at INR...
PepsiCo, the American multinational food, snack and beverage corporation headquartered in New York, announced redesigning its 7UP aluminium cans for the first time in seven years. The brand's new positioning statement, 'UPliftment to the everyday', denotes a revised strategic and creative north star for the company to guide all future worldwide activities. The new design will be implemented for both 7UP and 7UP Zero Sugar. The unique appearance draws on the flat design path the company had already taken, but now the '7' has been given a thick extrusion that nicely links in with the brand name and positioning. "We're excited to shine a light on our international positioning and reveal our visual identity system to the world. 7UP has always provided people with refreshing UPliftment through...
The world's primary aluminium production initiated the year 2023 with an annual increase of 3.33 per cent from 5.648 million tonnes to 5.836 million tonnes, found the International Aluminium Institute. But on a month-on-month calculation, the output slightly dropped by 0.58 per cent compared to 5.870 million tonnes. The average daily production stood at 188,300 tonnes in January 2023, also down by 0.58 per cent month-on-month from 189,400 tonnes and up by 3.3 per cent year-on-year from 182,200 tonnes. China in January 2023 produced 3.44 million tonnes (estimated) – 1.15 per cent less than 3.48 million tonnes a month ago but 5.78 per cent more than 3.252 million tonnes a year earlier. In the entire 2022, China's primary aluminium production totalled 40.430 million tonnes. In the GCC...
Hindalco Industries Limited is reportedly mulling installing a recycling and segregation plant for its aluminium and copper businesses in Gujarat. The aim is to increase the proportion of recyclable products, in line with its US subsidiary. The project is estimated to cost INR 3,000 crore, per the preliminary estimates. The news came on February 22 after Hindalco's Managing Director Satish Pai told BQ Prime, "We are evaluating locations in Gujarat for the project. As per initial estimates, it will require an investment of Rs 3,000 crore." The project will feature a segregation unit and a smelter with a capacity of 100,000 tonnes. As India rapidly moves towards a green transition, aluminium demand is increasing. Hence, accelerating recycling rate and developing an alternative supply chain...
Franklin & Sons, a UK soft drink business, collaborated with Canpack to launch 150ml aluminium can for its current tonic water lines. With these new single-serve tonic water lines, the firm will be able to demonstrate its natural components to customers who place a high value on sustainability in an easy-to-use format. These luxury drinks have a look that respects the brand's tradition while demonstrating a modern approach to drinks packaging with a clean and clear visual style, drawing on Canpack's reputation for flawless print execution. Packaged in a practical slim can, the cans have a sleek and modern matt appearance that evokes their natural, quality components. "At Franklin and Sons, every serve is an opportunity for a drink to be elevated by natural flavours and premium...
In Western Australia, Alcoa will reduce alumina production for two years before the state government permits them to expand bauxite mining at jarrah forests close to Perth's largest drinking water dam. Mike Ferraro, the CEO of Alumina Limited, said, "Once Alcoa could mine the Myara North area, the quantity and quality of bauxite supplied to two of its WA alumina refineries would need to be increased for them to operate at full capacity." Myara North stretches from Jarrahdale to the northern edge of the Serpentine Dam, which supplies 18% of Perth's water, and east to Albany Highway. The sole asset of the $4.4 billion Melbourne-based company is a 40% stake in the joint venture Alcoa World Alumina and Chemicals, which US-based Alcoa runs. Owning the expansive Huntly mine area in Western...
As expected earlier, aluminium production cut in Yunnan province and weaker-than-expected demand recovery would make the metal prices range-bound; both primary aluminium ingot price and aluminium alloys prices have remained muted as of Wednesday, February 22. According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price has recorded no change from RMB 18,620 per tonne, with average prices continuing to range between RMB 18,600 per tonne and RMB 18,640 per tonne. However, in some Chinese provinces, the ingot price has moved up and down. For instance, in Gongyi and Foshan, the price has grown by RMB 10 per tonne to stand at RMB 18,490 per tonne and RMB 18,630 per tonne, respectively. In contrast, the price in Linyi, Tianjin, and Hangzhou has dropped by RMB 30 per...
LME aluminium opened at US$2,455 per tonne on Tuesday and closed at US$2,459 per tonne, a decrease of US$3 per tonne or 0.12 per cent. On Tuesday, February 22, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$40 per tonne or 1.67 per cent and US$38.5 per tonne or 1.60 per cent to stand at US$2,430 per tonne and US$2,430.50 per tonne. 3-month bid price and 3-month offer price surged by US$42 per tonne or 1.72 per cent to stand at US$2,470 per tonne and US$2,472 per tonne. December 24 bid price and December 24 offer price expanded by US$37 per tonne or 1.42 per cent to halt at US$2,635 per tonne and US$2,640 per tonne. LME aluminium opening stock halted at 581300 tonnes. Live warrants and Cancelled warrants closed at 451725 tonnes and 129575 tonnes....
