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 the International Aluminium Institute, world primary aluminium production in December 2022 amounted to 5.859 million tonnes, bringing the total output of 2022 to 68.417 million tonnes. The worldwide annual production in 2022 edged 1.97 per cent higher than 67.092 million tonnes a year ago, despite production cut at many smelters across the globe due to the energy crisis. The output in December built up by 3.55 per cent month-on-month from 5.658 million tonnes and increased by 6.12 per cent year-on-year from 5.521 million tonnes, found IAI. The world total primary aluminium production during the fourth quarter of 2022 reflected a year-on-year climb of 4.54 per cent from 16.60 million tonnes to 17.353 million tonnes. But on a quarter-on-year calculation, the output dropped by...
Trials are underway at Brisbane, Townsville, and Gold Coast stadiums that are testing alternatives to single-use drinking cups. Stirling Hinchliffe, the sports Minister, said, “At this past weekend's Brisbane Heat Big Bash games at The Gabba, the first innings of Stadiums Queensland's reusable drink container experiments were played." "We understand that enjoying a cold beer is an important part of the world-class event experience at a Queensland stadium, but we also want it to be sustainable." “The testing of reusable drink containers is a part of the Palaszczuk administration's continuous dedication to safeguarding Queensland's opulent way of life and our distinctive environment for coming generations”, the minister added. Three solutions were compared: cans of recyclable or reusable...
On January 20, Friday, the LME aluminium cash bid price spiked by US$46 per tonne or 1.81 per cent, and the LME aluminium official settlement price went upward by US$44.50 per tonne or 1.75 per cent, closing at US$2,585 per tonne and US$2,585.50 per tonne, respectively. The 3-month bid price marked a rise of US$42.50 per tonne or 1.65 per cent, officially resting at US$2,613 per tonne, and the 3-month offer price saw an increase of US$43 per tonne or 1.67 per cent to halt at US$2,614 per tonne. December 24 bid price and December 24 offer price stood at US$2,753 per tonne and US$2,758 per tonne on Friday, with a similar price hike of US$46 per tonne or 1.7 per cent. LME aluminium opening stock recorded a sudden outflow of 4,675 tonnes or 1.21 per cent to settle at 381,175 tonnes. Live...
Alcoa has informed its US investors that delaying approvals to elongate its bauxite mining in Western Australia (WA) will cost approximately $240 million in 2023. Nonetheless, stricter environmental standards would help maintain community support, allowing it to continue mining South West forests for another few decades. Until it is granted permission to mine portions of the jarrah forest with better-grade ore, its refineries south of Perth will produce less alumina at a higher price. Roy Harvey, the CEO of Alcoa, said, “The hold-up was due to something other than introducing new regulatory requirements. However, as environmental protection demands grew, so did the information submitted to regulators, which required planning.” “Taking a step back and giving ourselves a little extra time...
The end user sector for aluminium has been gaining pace this week with advancements in the automobile sector, wherein it was declared by Rahul Sharma, the CEO of Vedanta Aluminium, that the weight of a car is reduced by one kilogramme for every kilogramme of aluminium utilised in the vehicle. We have come across Chennai-based wheel maker Wheels India Ltd which, from now on, will incorporate the flow form technology to make their export-worthy aluminium wheels. FILTEC has launched such a flagship technological device that, with its use, the company can easily identify traces of damage on aluminium cans, glass bottles and PET bottles. This new technology has been dubbed the Remote Vision Inspection (RVI) system. One of the biggest producers of aluminium doors and windows in India, Fenesta...
This week we have witnessed various noteworthy applications of aluminium through which the non-ferrous metal is gaining global recognition as a sustainable raw material. Aluminium is considered a suitable raw material by international automobile makers, as was revealed by a study that SINTEF conducted. The automobile makers are going to use Hydro's casting technology to produce lightweight aluminium components for cars. US President Joe Biden has refused to cancel the higher tax levied on the import of Indian steel and aluminium until the "fundamental issue" of excess capacity and the gradual activities that raised the problem are solved. To cope with the emerging market prices and the upcoming recession, the Federation of Indian Chambers of Commerce & Industry (Ficci), a non-governmental...
On January 20, 2023, the southern Indian state, Telangana's capital Hyderabad, based Indian Institute of Chemical Technology (IICT) announced its venture into developing Rechargeable Aluminium Batteries (RAB). These well-known sustainable energy storage systems can be an efficient alternative to Lithium-Ion batteries, which currently dominate the battery sector. In this regard, an MoU was signed and exchanged in the presence of senior officials from the research institution and Luminous Power Technologies by MD, Luminous Power Technologies, Preeti Bajaj, and Director, IICT, Dr Srinivasa Reddy. According to senior scientists, IICT already has a track record as a knowledge partner in the chemical sector. It is now working on materials for alternative battery chemistries as next-generation...
The primary aluminium sector has witnessed progressive initiatives this week, with Aluminium Bahrain B.S.C. (Alba) hosting a drive to commission the Forced Cooling Network (F.C.N.) Project at Potlines 4 and 5, allowing the first aluminium smelter in the Middle East to augment production capacity by approximately 17,000 tonnes per annum. Technology is inspiring each and every aluminium industry lead, as this week we have found BALCO installing various high-end digital solutions to guarantee business excellence, from smart analytics for decision-making at the strategic business unit (SBU) level to real-time equipment monitoring at shop floors. Alcoa Corporation has published its full-year 2022 growth index, where they’ve pointed out that the company has achieved a 2.5% Y-o-Y revenue...
On January 20, ALRO S.A., one of the biggest vertically integrated aluminium producers in Europe, published the Trading Update Report for Q4 2022 that showcases prime data on the economic environment of ALRO Group's key performance indicators for the quarter ending on 31 December 2022 ("Q4 2022"), based on the production capability. The Preliminary Financial Results for the 31st December timestamp will be released on Monday, 27 February 2023, and the company associates will host the Financial Results Conference Call on Monday, 27 March 2023. ALRO is a sister concern of Vimetco PLC, a vertically-integrated primary and processed aluminium producer renowned worldwide. ALRO falls among the biggest vertically integrated aluminium producers in Europe, with an annual capacity of 265,000 tonnes...
On Wednesday, January 18, Alcoa Corporation announced its fourth quarter and full-year 2022 results, reporting a strong balance sheet. The organization worked hard to combat challenging market conditions throughout the year, like volatile alumina and aluminium prices and energy supply shortage. In 2022, Alcoa generated revenue of $12,451 million, up by 2.46 per cent from $12,152 million in 2021, driven by higher alumina and aluminium prices and higher premiums for value-added products. However, the revenue in Q4 stood 6.59 per cent lower at $2,663 million than $2,851 million during the same period last year. Alcoa’s adjusted net income was just a reverse case. In the entire year, it decreased by 31.38 per cent Y-o-Y from $1,297 million or $6.83 per share to $890 million or 4.83 per share;...
Fenesta, a subsidiary of the DCM Shriram Group, has announced the introduction of a retail outlet in Anantnag, Kashmir. The new store, named Faiz Enterprises, would be strategically placed at KP Road, Khanabal, so that it can provide state-of-the-earth uPVC windows and doors, aluminium windows and doors and internal or designer doors to the Kashmiri customers. Commemorating the launch of this new outlet, the Business Head of Fenesta, Saket Jain, exclaimed: “Our firm commitment towards our customers, together with our excellent product portfolio with diverse options, have escalated our growth. At Fenesta, we strive to use innovation and modern designs to offer maximum customer satisfaction.” The introduction of a new outlet in the northern part of India would help in the expansion of...
China’s aluminium billet inventories recorded a hike on Thursday, January 19, marking the fourth consecutive week of rise. According to the Shanghai Metals Market data, the inventories accumulated 37,200 tonnes from the previous week to reach 131,900 tonnes across five major consumption areas. Foshan saw the highest growth over a week, driven by high shipments from southwest China. Inventory in east China also maintained seasonal accumulation. Slow consumption among extruders due to the shutdown of small and medium-sized plants for the CNY holiday also contributed to the billet inventory hike, stated SMM. Going ahead, aluminium billet inventories in east and south China are estimated to climb further. To know the current status of aluminium billet inventories in more details, refer to the...
On January 18, Hammerer Aluminium Industries (HAI) was awarded the Performance Standard certification by Aluminium Stewardship Initiative (ASI) for the company's extrusion facility at the Chisineu-Cris site located in Romania. This certification has been preceded by the company-owned foundries getting ASI attestations in 2020 and the Extrusion & Processing in Ranshofen being awarded the ASI Performance Standard in 2022. The HAI Group has also publicised that it has embarked on a genuine mission of reducing carbon emissions all throughout its operational units. The ASI certification of the four extrusion lines in Chisineu-Cris is another milestone for the company, as was declared by the Stewardship board itself. The COO of HAI, Markus Schober, underlined the essential points in his...
The renowned aluminium producer in India, Bharat Aluminium Company Limited (BALCO), is aggressively investing and extending the application of smart technology inside its production systems. The organisation has implemented several high-end digital solutions to guarantee business excellence, from smart analytics for decision-making at the strategic business unit (SBU) level to real-time equipment monitoring at shopfloors. The business has updated its oil monitoring procedure using cutting-edge business intelligence technologies to monitor oil recovery and consumption at the equipment and SBU levels. This will assist BALCO in maximising and lowering the amount of oil used in specialist vehicles and large machinery. Strategic business units will be able to optimize the use of new oil and...
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR 254,750-262,250 per tonne, seeing an escalation by INR 11,750 per tonne from 243,000-250,500 per tonne on January 18. Vedanta’s aluminium billet price has also been reduced by INR 9,250 per tonne to INR 247,000 per tonne on January 20 after a hike of INR 11,750 per tonne on the previous day to INR 256,250 per tonne from INR 244,500 per tonne. Aluminium ingot price is not spared but cut by INR 9,250 per tonne too on January 20. Hence, the current price has come in at INR 238,000-268,500 per tonne...
While residing in the third quarter, Allspring Global Investments Holdings LLC acquired a new stake in Ardagh Metal Packaging S.A. (AMP), as was revealed in the latest filing with the Securities and Exchange Commission. Allspring bought around 751,511 shares of AMP, having a market value of US$3,637,000. Nearing the end of the most current quarter, the company had taken over almost 0.12% of AMP. Many other hedge funds and institutional investors have currently increased or curtailed their stakes in Ardagh Metal Packaging. During the third quarter, Balentine LLC also bought a new position in shares of AMP, worth US$107,000. Also, during the same time, it was witnessed that Janney Montgomery Scott LLC augmented its stake in shares of AMP by a hefty 3.6%. At this moment, Janney Montgomery...
According to Mubadala Investment Company PJSC, the biggest shareholders of Emirates Global Aluminium (EGA), stated that the Middle East’s largest aluminium producer, may sell shares to the public as soon as the third quarter of 2023. On the sidelines of the World Economic Forum’s annual meeting in Davos, Khaldoon Khalifa Al Mubarak, the CEO of Mubadala Investment, told Bloomberg, “It will happen maybe this year. We’ll see how markets react. If it’s appropriate and makes sense for the shareholders and us, we might go in the third or fourth quarter.” For some years, EGA, owned equally by Mubadala and the Investment Corporation of Dubai, has been considering an initial public offering. However, according to Bloomberg, it was planning to hire three US banks as lead underwriters for the deal...
LME aluminium opened at US$2,638 per tonne on Thursday and closed at US$2,583.5 per tonne, a drop of US$54.5 per tonne or 2.07 per cent. On January 19, Thursday, the LME aluminium cash bid price plummeted by US$96 per tonne or 3.64 per cent, and the LME aluminium official settlement price stooped down by US$95 per tonne or 3.6 per cent, closing at US$2,539 per tonne and US$2,541 per tonne. The market will be under immense fluctuations as the Russia-Ukraine war has been going on for almost a year now, and Europe's oil/energy crisis is on the verge of evoking a nationwide recession. The 3-month bid price recorded a plunge of US$89.50 per tonne or 3.36 per cent, officially resting at US$2,570.50 per tonne, and the 3-month offer price saw a decline of US$91 per tonne or 3.42 per cent to halt...
