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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A00 aluminium ingot price in China has grown for the fourth consecutive day by RMB 140 per tonne to near RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has stopped at RMB 18,980 per tonne on Friday, January 20, with average prices estimated to range between RMB 18,960 per tonne and RMB 19,000 per tonne. The spot contract is likely to be traded at a discount price of RMB 120-80 per tonne. All the major Chinese provinces have unanimously witnessed the ingot price growth of RMB 140 per tonne. In most provinces, the prices are hovering below RMB 19,000 per tonne, except for Foshan and Chongqing, where A00 aluminium ingot price has come in at RMB 19,030 per tonne and RMB 19,010 per tonne, respectively. The domestic low-carbon aluminium price and high purity aluminium...
On January 19, 2023, the CEO of Vedanta Aluminium, Rahul Sharma, said that the weight of a car is reduced by one kilogramme for every kilogramme of aluminium utilised in the vehicle. He continued that this correlates to an improvement in the driving range, meaning that 100 kg saved on any electric car might yield an additional 10-15 per cent increase in range, which will be crucial for promoting higher EV adoption among consumers. The CEO predicted that the transition to a net zero economy would be metal-intensive as nations quickly adopt clean technologies in response to the immediate need for urgent climate action and sustainable lifestyles. One of the essential metals that will facilitate this transformation and meet the growing need for sustainable systems, eco-friendly technologies,...
The Federation of Indian Chambers of Commerce & Industry (Ficci), a non-governmental trade association and advocacy group, has reportedly figured out the necessity of higher import duty on aluminium and aluminium products. According to a report, the association has sought at least 12.5 per cent of import duty on the metal and its products in the upcoming budget for FY2023-24. The reason it has stated for the hike is a gradual surge in subpar aluminium imports into India from the United States, the United Kingdom, Malaysia, and the Middle East. According to Ficci, the move will help contain foreign aluminium product dumping and encourage domestic manufacturing and recycling. The present import duty on aluminium and aluminium products is 10 per cent, and more than 60 per cent of India’s...
According to the recent data published by the General Administration of Customs released on Wednesday, January 18, China imported 2.39 million tonnes of unwrought aluminium and products, including primary metal and unwrought and alloyed aluminium. That reflected a year-on-year downfall of 25.6 per cent as domestic aluminium production increased to a record high and COVID-19 restrictions weighed on consumption. In 2021, China’s aluminium imports stood at 3.2 million tonnes, a record volume amid domestic supply disruptions due to transportation hazards for COVID restrictions. The downfall in 2022 was contributed by weaker demands, particularly from the construction, transportation and packaging sectors. Increased primary aluminium output to a record at 40.21 million tonnes due to relaxed...
On January 10, 2023, Sierra Mineral Holdings 1 Limited, a subsidiary of Vimetco N.V., issued a memo stating that it would temporarily suspend all operations in Sierra Leone. The memo states that the suspension is due to the lack of bauxite sales on the global market, which has had a detrimental effect on the company's cash flow and capacity to continue with business as usual. However, the company has requested that all junior employees stay home during this time and be paid in full for January 2023. Sierra Mineral Holdings 1 Limited (SHML) is a subsidiary of Vimetco Holdings, a global aluminium conglomerate. SHML has been supplying bauxite to the global market. The company owns a mining lease covering 321.7 square kilometres in the same belt as the well-known Guinea bauxite deposit. They...
Hindalco Industries Limited has escalated by INR 6,250 per tonne or 2.6 per cent, with effect from Thursday, January 19. This has brought the company’s aluminium ingot price to INR 246,250 per tonne versus INR 240,000 per tonne on January 18. Hindalco’s aluminium ingot price on January 18 witnessed a decline of INR 2,500 per tonne or 1.03 per cent from INR 242,500 per tonne on the previous day. Hindalco’s aluminium wire rod price has come in at INR 257,350 per tonne on January 19, compared to INR 251,100 per tonne on January 18. The price sees a hike today after shrinking by INR 2,500 per tonne from INR 253,600 per tonne on January 17. With the latest hike, aluminium billets price sums at INR 260,350 per tonne, following a downfall on the previous day from INR 256,600 per tonne to INR...
The car manufacturing process could be completed with much more reduced cost, eco-friendly, and rapid with new aluminium component production state-of-art technology. Typically, aluminium is essential to reducing a car's weight, which also aids in lowering fuel consumption. The modern vehicle contains significant amounts of aluminium, and the use of metal is increasing. The casting technology was developed by the Norwegian aluminium giant Hydro and is performed under vacuum conditions. The ability to cast aluminium bolts with small diameters and excellent surface qualities has allowed the metal to be employed directly in producing parts like automotive suspension components. Cast material reduces production waste while lowering costs, improving efficiency, and improving the environment...
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to be traded at a discount price of RMB 120-80 per tonne. Compared to a week ago, China’s A00 aluminium ingot price has edged RMB 610 per tonne higher than RMB 18,230 per tonne as of January 12. The aluminium ingot price rally since early January has enabled many smelters to return to the profit-making territory. This week smelters reported an average profit of RMB 738.7 per tonne. Many provinces have witnessed the aluminium ingot price increase by RMB 200 per tonne on January 19, such as Foshan,...
The three-month LME aluminium opened at US$2,618.50 per tonne on Wednesday, January 18, and closed at US$2,611.50 per tonne, a decrease of US$7 per tonne or 0.27 per cent. On the same day, the LME aluminium cash bid price and the LME aluminium official settlement price surged by US$73 per tonne and US$73.50 per tonne, following a slump on the previous day to stand at U$2,635 per tonne and US$2,636 per tonne. The 3-month bid price skyrocketed by US$74 per tonne to settle at US$2,660 per tonne, and the 3-month offer price ascended by US$75 per tonne to rest at US$2,662 per tonne. December 24 bid price and December 24 offer price stopped at US$2,780 per tonne and US$2,785 per tonne, recording an increase of US$57 per tonne from US$2,723 per tonne and US$2,728 per tonne. LME aluminium opening...
In the last days of 2022, the President of Indonesia finally announced that from July 2023, the largest country in Southeast Asia would prohibit exporting bauxite as it intensifies its protectionist policy to foster sophisticated domestic manufacturing. On January 18, 2023, Bahlil Lahadalia, the Investment Minister of Indonesia, confirmed the bauxite ban decision in remarks at the World Economic Forum in Davos. The decision would be an advantage for Australian bauxite producers because China, the major consumer of Indonesian bauxite, will have to find new markets for its product. Indonesia has been the third-largest exporter of bauxite to China in recent years, after Guinea and Australia. Mr Lahadalia said, "The Indonesian government took this action to encourage the domestic aluminium...
The green industrial tech company IB2 founded by Yves Occello, has developed a green and innovative technology allowing alumina refineries to process and valuate low-grade bauxite ores. Many alumina refineries have so far chosen to import bauxite rather than utilize close-by local resources because the depletion of high-quality local resources constrains them. IB2 provides these refineries with a real alternative, making low-grade bauxite viable through its revolutionary and environment-friendly process. Thus, beyond the financial and strategic benefits generated by IB2 Technology, refineries will dramatically improve their carbon footprint and fully participate in the circular economy. Indeed, the IB2 technology not only reduces wastes but also evaluates them through producing a highly...
The family-owned private company dealing with non-ferrous metals with global headquarters in St. Louis, Missouri, Metal Exchange Corporation, has announced that Mark Butterfield has been promoted to President of Manufacturing. In his new role, Mark Butterfield will be responsible for the overall strategic, financial, commercial, organizational, and operational aspects of all manufacturing across the Pennex and Electro Cycle, Inc. brands. Matt Rohm, the President and CEO, stated, “We recently unified the management of cast and extruded products under one manufacturing division. Our goal is to leverage resources and relationships across the enterprise better. The result is improved insights, efficiency, and end-to-end Advanced Aluminum Solutions for our customers. When it came time to...
New Jersey-based beverage brand, The Ryl Co. publicised its currently patented series of ready-to-drink iced teas premiering in 100% recyclable aluminium cans. The beverage line incorporates highly attractive forms of nostalgic flavours, ranging from the usual iced tea variant to homemade steeped tea that provides identical health benefits. The company also has taken account of those diabetic patients who usually have to refrain oneself from enjoying aggressively sweetened commercial drinks. The Ryl Co. claims it will also follow proper guidelines to be completely sugar-free and calorie-less, with no added preservatives or artificial ingredients. To pack their flagship item, The Ryl Co. has chosen aluminium as it is infinitely recyclable being more environment-friendly than the usual...
According to a senior US government official, the US government under Joe Biden will not lift the higher import taxes levied by the Trump administration on aluminium and steel products made in India until the "fundamental issue" of excess capacity and the actions that contributed to the issue are resolved. On January 17, 2023, Arun Venkataraman, the US Assistant Secretary of Commerce for Global Markets, at a media briefing in New Delhi, said Washington, on the other hand, has taken note of the visa delays caused by the Covid-19 pandemic and is doubling direct hires at its embassy in India to expedite the process. Venkataraman added Washington was upbeat about its growing economic relations with New Delhi, and Indo-US trade crossed the $160-billion threshold in 2021. Still, both...
On January 18, Econframe Bhd declared a company expansion phenomenon through which it wishes to diversify its operations. These two recent acquisitions are Trans United Sdn Bhd (TUSB) and Lee & Yong Aluminium Sdn Bhd (LYASB). Econframe promptly took over 65 per cent equity interest in LYASB, which is fundamentally responsible for aluminium fabrication works like mounting of aluminium glazing, glass solutions and façade instalments consisting of aluminium windows and glass doors. The enterprise also acquired a 100 per cent equity interest in TUSB, in consideration of the land on which the LYASB unit is situated. Lim Chin Horng, the managing director of Econframe, is optimistic about the company's business opportunities as the recent diversification might result in augmented growth, which...
Alcore, an 83 per cent owned subsidiary of ABx Group, has reportedly received an initial $3.3 million of a nearly $7.6 million grant for developing an aluminium bath recycling plant at Bell Bay in Tasmania. The funding, which will be used for the plant's construction, has come from the Federal Government’s Modern Manufacturing Initiative. The MMI programme gives funding support to large-scale manufacturing projects that offer sector-wide benefits in the national interest. Alcore is establishing an aluminium bath recycling plant on NSW’s Central Coast owing to the proximity to a pilot aluminium smelter and the ready supply of waste products. The waste product generated during aluminium smelting as a result of high sodium content in alumina is known as “excess bath”. Alcore’s upcoming...
One of the UK’s leading manufacturers of specialist metals and materials has signed a new commercial agreement with Advanced Energy Minerals (AEM) to support its growing order book in the academic and research sectors. Goodfellow Ltd, which recently delivered materials to the Lawrence Livermore National Laboratory for the Nuclear Fusion Breakthrough that shook the world, will work with the Canadian company to build high-purity alumina powders into its growing range. The transatlantic deal gives the Huntingdon-based firm exclusivity for sales denominations of up to 20kg per line, covering nine high purity-alumina powders, 5 gamma powders and 4 alpha powders. Mark Fenton, the Chief Operating Officer of Goodfellow, commented, “This agreement will provide access to new materials whilst also...
According to the data from the National Institute of Statistics (INS), based in Conakry, it has revealed that Guinea's export at the end of October 2022 recorded a rise of 29.5 per cent compared to September 2022. The INS highlighted in its note on the evolution of foreign trade that the country's exports amounted to 3,378.8 billion Guinean francs ($404.45 million) against 2,608.7 billion Guinean francs ($313.04 million) in September 2022. The bauxite and gold mining sectors have hugely contributed to the West African nation's export growth. One of the leading logistics companies reported record monthly shipments of Guinea bauxite supporting capesize trade. Volumes of bauxite exported from Guinea averaged 7.7 million tonnes in the first quarter of 2022 and 9.9 million tonnes in the year's...
