Yamaha Motor Co. Ltd. will progressively replace conventional virgin aluminum with recycled aluminum alloy in its proprietary all-aluminum DiASil Cylinders, marking a move to recycled materials in a high-performance motorcycle component. Once the transition is completed across all products using DiASil Cylinders, targeted for 2030, Yamaha estimates that the switch will reduce CO2 emissions by approximately 47,000 tonnes annually. The transition will initially begin with commuter motorcycle models produced in Indonesia before a planned global rollout. Recycled aluminum meets DiASil requirements The DiASil Cylinder is an all-aluminum cylinder design that requires neither an iron sleeve nor plating. Yamaha Motor developed and deployed the technology in 2002 and uses it across a range of...
The Novas Minas project will maintain MRN’s 12.5 million metric tons/year bauxite output while strengthening supply links across Brazil’s aluminum chain. Brazilian bauxite producer Mineração Rio do Norte (MRN) is investing R$9 billion ($1.8 billion) to extend operations at its mining complex in Pará through 2041, securing long-term production from new reserves near its existing sites. MRN has operated in northern Pará since the 1970s and first applied for environmental approval to extend the mine’s operating life in 2018. Brazilian authorities granted approval for the long-term expansion in April 2026. The Novas Minas project will develop five new mining sites in western Pará and allow MRN to maintain its existing production capacity of 12.5 million metric tons of bauxite per year. The...
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According to S&P Dow Jones Sustainability Index (DJSI), Vedanta Aluminium, India’s largest aluminium producer, has achieved the 2nd spot position in world rankings for the aluminium industry for FY2021-22. The S&P Dow Jones Sustainability Index is the world-class benchmark to assess the companies’ performance in terms of economic, environment, and social criteria. Vedanta Aluminium has moved up two spots from the 4th rank in FY21, turning into the second most sustainable aluminium producer globally. More than 10,000 companies from various industries go through annual assessments of sustainability practices, of which only a few get selected for inclusion in the list. Vedanta Aluminium has achieved better ranking based on Environment, Social and Governance (ESG) criteria, including...
In accordance with global sustainability goals, Novelis will invest R$ 6 million in February 2023 to install nearly 1,000 photovoltaic solar energy panels in Brazil's 14 aluminium can collection centres. The sum includes the cost of replacing gas-powered forklifts with electric machines. Beatriz Sobreira, the Senior Manager of Strategy and Sustainability at Novelis, Brazil, said, "This investment marks Novelis' first project in Brazil with a solar energy source. Our objectives of decarbonizing and producing increasingly sustainable aluminium are priorities for the company. We are focused on moving forward with initiatives that bring us closer to achieving these goals." The collecting centres will be self-sufficient in energy use thanks to the new sources, which can produce 603.8 MWh of...
The LME aluminium benchmark price slipped on Thursday, January 26, after three consecutive days of rise. While the LME aluminium cash bid price shrank by US$8.5 per tonne or 0.33 per cent to US$2,597 per tonne, the LME aluminium official settlement price contracted by US$8 per tonne to stand at US$2,598 per tonne. However, the 3-month bid price and the 3-month offer price recorded an increase of US$2.50 per tonne and US$3.50 per tonne, respectively, to peg at US$2,640 per tonne and US$2,642 per tonne. December 24 bid price and December 24 offer price grew by US$7 per tonne to rest at US$2,780 per tonne and US$2,785 per tonne. The LME aluminium opening stock accumulated 37,875 tonnes on Thursday, January 26, to amount to 419,425 tonnes, following a restraint on the previous day. Live...
In the first nine months of the current Iranian calendar year (March 21–December 21, 2022), Iran's aluminium ingot production increased by 19 per cent compared to last year. According to statistics, the production of aluminium ingot increased from 398,610 tonnes in the same time last year to 474,601 tonnes in the first nine months of this year. South Aluminum Corporation (SALCO), one of the country's four major producers, produced the most aluminium ingots in the first nine months of the current year—203,231 tonnes followed by Iranian Aluminum Company (IRALCO), which produced 132,394 tonnes, Almahdi Aluminum Company, which produced 11,479 tonnes, and Iran Alumina Company, which produced 27,497 tonnes. According to data previously released by the Iranian Mines and Mining Industries...
As the European Union developed its Green Deal industrial plan, European Commissioner Thierry Breton encouraged European bankers to provide finance to producers of minerals essential for the energy transition. On March 8, the EU will introduce its Critical Raw Materials Act, ensuring that the bloc has access to the lithium, cobalt, nickel, manganese, and graphite needed for electric vehicles. Breton emphasised two crucial problems. The first is an overreliance on some nations, such as China, a significant manufacturer of commodities like magnesium used in machinery, automobiles, and electronics. The second is the "colossal" rise in demand that is anticipated. Energy-intensive sectors like aluminium, among others planning to move output outside the group due to rising power costs following...
Hindalco Industries Limited increased its aluminium products prices by INR 2,000 per tonne, with effect from January 25. That brought the company’s aluminium wire rod price to INR 253,600 per tonne versus INR 251,600 per tonne on January 21. Hindalco’s aluminium billets price came in at INR 256,600 per tonne as of January 25, compared to INR 254,600 per tonne in the previous week. Aluminium ingot price also saw a rise of INR 2,000 per tonnes on Wednesday, January 25, to reach INR 242,500 per tonne from INR 240,500 per tonne on January 21. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which grew by US$20.50 per tonne during January 20-25 to stand at US$2,606 per tonne. Aluminium operations of the...
Gränges plans to invest SEK 600 million over two years to double its battery cathode foil production capacity in Finspång, Sweden, to meet Europe's growing demand for battery components. The new capacity is expected to be operational in 2025. Jörgen Rosengren, the CEO of Gränges, said, “Gränges started to invest in this area in 2021. Recently, we have experienced very high interest in our battery and electrification solutions from battery manufacturers and automotive OEMs. Our market launch plan for battery cathode foil is ambitious: Asia in 2022, Europe in 2023 and the Americas in 2024. A recently made agreement with a leading global battery manufacturer consumes our initially planned production capacity in Europe. To keep up a high pace, we are now investing in doubling our capacity for...
Aluminium Stewardship Initiative (ASI) has acknowledged ASAŞ Alüminyum San. Ve Tic. A.Ş. (ASAŞ Alüminyum) with the Performance Standard certification for the manufacture of alumuminium flat rolled products, aluminium profile, composite panels, PVC profiles, and shutter products at its Akyazı and Karapürçek production facilities in Türkiye, and headquarters located in Istanbul, Türkiye. ASAŞ Alüminyum is in aluminium extrusion business since 1992. It produces finished and semi-finished rolled and extruded aluminium products destined for the building and construction, commercial vehicles, rail transport, aerospace, automotive, solar panel, electronics, machinery, consumer goods, lighting, and furniture. On receiving the certification, Derya Hatiboğlu, General Manager at ASAŞ, said: “We...
The Brazilian aluminium industry is anticipated to depend less on imports and emphasise domestically produced metal in 2023 due to the demand for aluminium and the plans for significant extensive production capacity. Domestic producers were already raising premiums for deliveries in the first quarter of 2023, anticipating that imports would become less appealing and more challenging to enter the country. Since May 31, when it rose by 1.94 per cent to $520-530 a tonne, the import premium had stayed the same and kept falling. A trader trading in the Brazilian metal market said, "Now this is a time to hold back and watch. Duty increases the difficulty of bringing in foreign metals. Still, the new government's firm currency exchange policy can make imports much cheaper and breathe new life...
The LME aluminium benchmark price continued to grow for the third consecutive day this week, and that too at a higher rate than the two previous days. On Wednesday, January 25, both the LME aluminium cash bid price and the LME aluminium official settlement price grew by US$11.50 per tonne or 0.44 per cent to stand at US$2,605.50 per tonne and US$2,606 per tonne, respectively. The 3-month bid price and the 3-month offer price also recorded an increase of US$11.50 per tonne to rest at US$2,637.50 per tonne and US$2,638.50 per tonne. December 24 bid price and December 24 offer price gained US$10 per tonne to close at US$2,773 per tonne and US$2,778 per tonne. LME aluminium opening stock remained restrained at 381,550 tonnes on January 25, following a spike of 5,600 tonnes on the previous...
Vedanta Limited has added INR 2,000 per tonne to its aluminium products and aluminium ingot prices on Wednesday, January 25. That brought the company’s aluminium wire rod price to INR 251,000-258,500 per tonne versus INR 249,000-256,500 on January 21. Vedanta increased its aluminium wire rod price by INR 3,500 per tonne on January 21 to sell the product at INR 249,000-256,500 per tonne. Vedanta’s aluminium billet price has come in at INR 252,500 per tonne as of January 25 versus INR 250,500 per tonne on January 21. Vedanta’s aluminium billet price also saw a hike of INR 3,500 per tonne on January 21. Aluminium ingot price is currently hovering around 243,500-274,000 per tonne, up by INR 2,000 per tonne from INR 241,500- 272,000 per tonne. Vedanta links its aluminium ingot and aluminium...
The year 2023 marked the first time since the COVID-19 pandemic began that the World Economic Forum in Davos, Switzerland, was attended by attendees. The theme of the meeting was “co-operation in a fragmented world.” Coronavirus limitations, trade tensions between the US and China, and the Ukraine-Russia geopolitical crisis have all contributed to a greater deglobalization of the world. However, despite this fragmentation, there are still widespread issues with coordinated solutions, with climate change being the most urgent. Breaking trade ties with Russia has harmed the European Union the most, increasing EU spending on oil and natural gas. This has become yet another impetus for Europe's transition to renewable energy. The energy transition has its challenges. Due to inflation,...
Dundee Science Centre in Scotland is hosting an exhibition demonstrating the importance of recycling drinking cans. To turn the show into a real-life experience, Every Can Counts, a not-for profit organisation which promotes aluminium can recycling, has installed an ‘Infinity Room’. It features a giant drinking can and surrounds visitors with an illusion of being surrounded by an infinite number of suspended aluminium cans. During the exhibition, the narrator explains the process of aluminium can recycling and its benefits on the environment. The installation is made of 1500 cans and 25 square metres of mirrors. The ‘Infinity Room’ at Dundee Science Centre is open to all for free from Monday to Sunday, 9am to 4pm. Lorraine Lemon, head of business development at Dundee Science Centre,...
On Tuesday, January 24, the Aluminium Stewardship Initiative announced the joining of Vedanta Limited (Aluminium Business) as a new Production and Transformation member. Vedanta Aluminium is one of the world’s leading aluminium producers and the largest in India, with operations in Odisha and Chhattisgarh. Vedanta’s aluminium business comprises an alumina refinery in Lanjigarh (Odisha), an aluminium smelter in Jharsuguda (Odisha), aluminium smelter Balco, Korba (Chhatishgarh) with associated utilities and infrastructure in all the locations. Vedanta Aluminium & Power Business abides by the same policies and sustainability standards set by the parent company Vedanta Resources Limited. Vedanta Aluminium has a robust sustainable development framework, which includes a suite of sustainability...
The age-old collaboration between Sam Popa, owner of American Aluminium Extrusion, and Beloit business titan Diane Hendricks was terminated on January 16, 2023, following a total buy-out. After 22 years of shared ownership between Sam Popa and the former held by businesswoman Diane Hendricks, American Aluminium Extrusion has bought all of its holdings. American Aluminium Extrusion, based in Roscoe, Illinois, supplies aluminium profiles to the region's semitrailer manufacturing industry. As confirmed by Popa, the 22 years of shared ownership between Hendricks' business assets and Popa's portion of American Aluminum Extrusion will now be classified under Popa Holdings. The company's Roscoe and Canton, Ohio, manufacturing facilities are also included in the acquisition. American Aluminium...
The LME aluminium benchmark price started the week on Monday with a marginal rise and continued to do so the next day. On Tuesday, January 24, both the LME aluminium cash bid price and the LME aluminium official settlement price climbed only US$1.50 per tonne to settle at US$2,594 per tonne and US$2,594.50 per tonne, respectively. The 3-month bid price recorded a growth of US$7 per tonne or 0.27per cent to stand at US$2,626 per tonne, while the 3-month offer price edged an increase of US$7.5 per tonne or 0.29 per cent to peg at US$2,627 per tonne. December 24 bid price and December 24 offer price moved up by US$3 per tonne to close at US$2,763 per tonne and US$2,768 per tonne, respectively, as of Jauary 24. LME aluminium opening stock built up 5,600 tonnes on Tuesday to amount to 381,550...
Personal care packaging brand, Above & Beyond (A&B), which falls under Integro Innovations Ltd., has entirely revolutionised the Refill-at-home packaging solutions with the introduction of a lip balm in an aluminium case. The company claims to negate the application of single-use plastic with the incorporation of this innovative aluminium packaging idea. The co-founder of A&B, Bryn Walbrook, narrated: “Our single-use mentality with daily products is killing the planet. Unless we all want to move to Mars with Elon Musk, we will need to treat the earth much better.” Though it is questionable how much plastic can be eradicated through this drive, the company website proudly explains: “OK, so single-use lip balms probably aren’t the main problem keeping Attenborough up at night. But hundreds...
It has been currently declared by General Motors (G.M.) that the company is making a US$918 million investment for its production units located in the U.S.A. From the total investment, almost US$55 million will be allotted for the G.M. Defiance plant in Ohio, which houses an aluminium foundry and a machining centre. The US$55 million investment also consists of the US$47 million required to propel the production of different block castings for application in upcoming G.M. V8 engine programs. The remaining US$8 million will be used to construct a casting development cell to aid the E.V. industry in the near future. The Ohio-based GM Defiance facility has an integrated aluminium foundry and a machining line that develops inline four-cylinder, V6, V8 cylinder blocks and inline four-cylinder...
