Mayville Engineering Company (MEC) plans to invest around $26 million in a metal fabrication facility. The facility is in Thomson, Georgia, USA. The project is expected to create about 140 jobs. MEC also provides aluminum extrusion services. MEC will renovate the existing building at 1048 Superior Way in Thomson for the facility. The renovation and equipment work will take place over the next few years. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " The company will hire staff for management, administration, technical work, operations, maintenance, and quality control. MEC President and CEO Jag Reddy said, “As we continue to grow, so does our need for talented people, and we look...
LME aluminium prices moved higher on October 6 compared with the previous trading day, with cash and three-month prices rising by nearly 1 per cent. The increase came as LME aluminium opening stocks remained unchanged, while live warrants declined and cancelled warrants increased. On October 6, the LME aluminium cash bid price stood at USD 3,134 per tonne, up 0.90 per cent from USD 3,106 per tonne on October 5. The cash offer price stood at USD 3,134.5 per tonne , compared with USD 3,107 per tonne on October 5, marking a 0.89 per cent increase. The LME aluminium three-month bid price rose to USD 3,148 per tonne on October 6 from USD 3,117.5 per tonne on October 5, an increase of 0.98 per cent. The corresponding three-month offer price increased to USD 3,148.5 per tonne from USD 3,118 per...
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A00 aluminium ingot price has escalated by RMB 140 per tonne, resting at RMB 18,000 per tonne, as the Shanghai Metals Market recorded on Tuesday, January 10. The average prices are expected to range between RMB 17,980 per tonne and RMB 18,020 per tonne, with spot contracts trading at discount prices of RMB 90 per tonne and RMB 50 per tonne. The provinces in China all have seen elevating prices today, with the aluminium price rising the highest in Foshan by RMB 170 per tonne, closing at RMB 18,020 per tonne. In Wuxi, the price of aluminium has spiked by RMB 145 per tonne to halt at RMB 17,995 per tonne. The price of aluminium in Hangzhou has shot up by RMB 120 per tonne, stopping at RMB 18,010 per tonne. In Gongyi and Chongqing, the prices of aluminium have gained RMB 110 per tonne,...
Dunkin Donuts has been forever associated with the most delicious doughnuts on the planet, but now the brand is exploring opportunities in the canned beverage sector. Three of the brand's patented beverages are going to be launched in aluminium cans during the first half of 2023. The advent of the Paris Pact in 2015 has thrust various responsible brands into taking up sustainable initiatives. Though Dunkin Donuts already had a successful line of iced coffees, the brand is going to push three new flavours to the market. The aluminium used in making beverage cans is of the purest form; therefore, the end-of-life recycling procedure becomes very simple for these packaging solutions. Dunkin collaborated with Coca-Cola only some years back to make its iced coffees available in retail markets...
According to the Shanghai Metals Market, social inventories of primary aluminium accumulated 46,000 tonnes over the weekend across the eight major Chinese consumption areas, including SHFE warrants, as of Monday, January 9. The inventories have come in at 622,000 tonnes versus 576,000 tonnes on Thursday, January 5. On a week-on-week basis, primary aluminium inventories edge 61,000 tonnes higher than 561,000 tonnes on January 3 and 128,000 tonnes up from the end of December. This indicates the primary aluminium inventory has entered a season growth cycle, with a cumulative increase of 145,000 tonnes in four weeks. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has contributed most to the growth on Monday, building up 17,000...
Gulf Cooperation Council's largest premium aluminium producer has adopted Vectra's technology to identify real threats and their advancement through the cyber kill network so that quick action can be taken to detect an attack and stop a vital breach. This modernist approach, along with a substantial decrease in false optimism, has enabled a single security analyst to store and manage the SOC operations of that individual firm. An operative from the aluminium plant mentioned: "When it comes to protecting against attacks, the key challenge we faced was visibility — silos and isolated networks exist across the environment, and it was difficult to control it completely." "We also struggled with alert fatigue — we used to have a SIEM and antivirus solutions, and we would get a lot of alerts,...
A not-for-profit organisation based in British Columbia, Recycle BC is increasing its range of materials for the residential blue box programme organised by the community. According to the Ministry of Environment and Climate Change, the new range will include items like aluminium foil baking dishes and pie plates, aluminium foil and thin gauge metal storage tins, plastic cutlery and straws. Single-use plastics are cited as some of the most typical objects discovered on British Columbian coasts. According to the ministry, newly allowed products, such as plastic sandwich bags, party cups, bowls, and plates, are often discarded after a single use. "This expanded materials list will allow more material to be recycled, keep it out of landfills and stop it from littering the environment....
Alcoa Corporation, the world’s eighth-largest aluminium producer, announced on Monday, January 9, that it expects to cut nearly 30 per cent of production at its partially-owned Kwinana alumina refinery in Western Australia. Shortage of gas supplies is the reason behind the production cut, explained Alcoa. A unit of the refinery, majorly owned by Alcoa in a joint venture with Alumina Limited, has already been suspended, and the remaining refinery will face slow operational processes, said Alcoa in a statement. In December 2022, Australia government sought a 12-month price cap on gas and coal prices, but natural gas producers anticipated that might put supply at risk. Kwinana alumina refinery is currently using diesel to fuel its operations instead of gas, as a result of the shortage. Alcoa...
The all-aluminium custom-made electric chopper from Wannabe-Choppers in Germany features a novel power supply and a mock aluminium V-twin engine. The bespoke electric chopper is a gorgeous, svelte motorcycle that could compete with any gasoline-powered vehicle. Although this chopper is entirely electric, it doesn't compromise performance or aesthetics. "This bike—its stance, the way it looks—is something I had in my mind for a long time. It was just something in my head I needed to get out," said Enrico de Haas of Germany's Wannabe-Choppers. The model aluminium engine replicates the custom machine Enrico aspires to create in the future. The controller for the motor, the battery, and the converter for the throttle are all housed in the gearbox. The bike's on/off switch is the jockey...
Chevron has requested two more days to take care of the technical problems leading to a drastic breakdown at its Wheatstone domestic gas plant. This can be regarded as the third West Australian (WA) gas plant breakdown during the whole summer. All this turmoil has prompted Alcoa to ignite diesel generators to continue with their smelting activities. On January 8, WA Mines and Petroleum Minister Bill Johnston confined to sources that the Wheatstone plant supplying approximately 175 terajoules or about 17 per cent of West Australia’s domestic gas production, would halt operations until the break of Tuesday this week. The unprecedented breakdown has created a vacuum in WA’s energy supply chain. Mr Johnston made it known that he was “personally disappointed” by Chevron’s delay but “confident...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the third time in a row since the year 2023 began. With effect from Saturday, January 7, Hindalco has trimmed its aluminium wire rod price by INR 1,500 per tonne from INR 226,600 per tonne to INR 225,100 per tonne. Hindalco’s aluminium billets price has also seen a cut by the same amount to come in at INR 228,100 per tonne versus INR 229,600 per tonne as of January 5. The company’s aluminium ingot price stands at INR 214,000 per tonne, with effect from January 7, down by INR 1,500 per tonne from INR 215,500 per tonne on January 5. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which slipped by US$27.50 per tonne...
On January 9, 2023, the developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources, announced the signing of a Memorandum of Understanding (‘MoU’) that outlines a declaration of intent with the Port Authority of Douala (‘PAD’) regarding the development of infrastructure at the Port of Douala-Bonabéri. The Port Authority of Douala is responsible for developing and controlling port security and operations. It is acknowledged that the expansion of the Port of Douala, one of Cameroon's primary port operations, is a catalyst for raising the competitiveness of the country's economy. The PAD's main objective is to provide an effective operation that serves the area by serving as a Gulf of Guinea logistical centre. The Memorandum of Understanding establishes a...
The Grand Island Area Habitat for Humanity (Gihabitat) won their second straight 'Novelis Can grant’ for collecting over 18,000 pounds of aluminium cans across 14 locations in the Hall, Howard, Hamilton, and Merrick counties. There were two rounds of competition from May through July and August through November. "We know inflation has been really rough on a lot of our supporters. Being able to donate your aluminum cans helps not only recycling, which is great for the environment. It helps build the affordable homes here in Grand Island," said Alyssa Heagy, Executive Director at Grand Island Area Habitat of Humanity. According to Heagy, 34 aluminium cans recycled are equal to one, which in turn amounts to 68 cents per pound in terms of money. This helps contributors to contribute to...
Hydro Rein and Atlas Renewable Energy’s joint venture to build the Boa Sorte solar park in Paracatu, Minas Gerais, has secured financial aid, according to the report published on January 6. Hydro said the JV obtained the first US dollar indexed loan executed by Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian Development Bank. The joint venture between Hydro Rein and Atlas Renewable Energy was formed in May 2022 to develop the solar project in Brazil. Albras Alumínio Brasileiro S.A. (ALBRAS), the second-largest aluminium producer in Brazil, is expected to procure power from this solar park to feed its smelter in the state of Para, Brazil. BNDES, for the first time, executed US dollar indexed loan worth $210 million to a renewable energy project after the new...
LME aluminium opened at US$2,259.5 per tonne last Friday and closed at US$2,308 per tonne, an increase of US$52.5 per tonne or 2.33 per cent. On January 6, Friday, LME aluminium cash bid price plunged by US$26 per tonne or 1.15 per cent, closing the week at US$2,242 per tonne and the LME aluminium official settlement price dropped by US$27.50 per tonne or 1.21 per cent to rest at US$2,242.50 per tonne. The 3-month bid price and the 3-month offer price witnessed a decline of US$29 per tonne or 1.26 per cent to close at US$2,274 per tonne and US$2,275 per tonne, respectively. December 24 bid price and December 24 offer price stood at US$2,460 per tonne and US$2,465 per tonne on Friday, with a loss of US$33 per tonne or 1.32 per cent. LME aluminium opening stock plummeted by 7,975 tonnes or...
After recording a downfall since December 30, 2022, the A00 aluminium ingot has hiked by RMB 160 per tonne to halt at RMB 17,860 per tonne, from RMB 17,700 per tonne recorded last week. As per the SMM data, the average price for Monday, January 9, ranged between RMB 17,840 per tonne and RMB 17,880 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 to RMB 40 per tonne. The A00 aluminium ingot price has shown growth in all the major provinces. In Linyi, the price has grown the highest by RMB 200 per tonne to RMB 17,960 per tonne, followed by Gongyi and Tianjin, where the prices have ascended by RMB 180 per tonne to peg at RMB 17,730 per tonne and RMB 17,960 per tonne. The price in Hangzhou has shown a growth of RMB 170 per tonne to reside at RMB...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from January 6, in line with the plunge in LME aluminium benchmark price by US$95 per tonne through the last week. NALCO has sharply cut its aluminium ingot price by INR 9,400 per tonne from INR 225,250-228,750 per tonne to INR 215,850-219,350 per tonne. NALCO’s aluminium wire rod price has also been reduced by INR 9,400 per tonne, with effect from January 6, from INR 229,750-234,100 per tonne on January 1 to INR 220,350-224,700 per tonne. Aluminium billets price is no exception but seen a cut by the same amount to range between INR 220,300-222,950 per tonne, compared to INR 229,700-232,350 per tonne on January 1. NALCO links its aluminium ingot and aluminium products...
This week noted some crucial developments in the aluminium downstream industry, from Craftsman Automation Ltd.’s investment announcement of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt to Kaiser Aluminium’s 2021 Sustainability Report. Besides, Romanian aluminium components manufacturer Altur declared that it authorised the filing of insolvency proceedings and intended to restructure the company’s operations. Also, Xingfa Aluminium Holdings purchased a 4 per cent stake in Chinese service provider Guangdong Province Trading Development. According to a report last week, Craftsman Automation Ltd., a leading aluminium components producer from India, declared an investment of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt, another aluminium...
Indonesia Aluminium Alloy (IAA), being a subsidiary of PT Inalum, is unquestionably beneficial for better market access and raw material utilization. This was said during the soft commissioning event at the PT IAA recycling plant by Hendi Prio Santoso, the managing director of Mind ID. On this occasion, the Board of Commissioners and Directors of PT IAA, Carry EF Mumbunan, Togu Sihombing, Ricky Gunawan, and Agus Wibowo were present in addition to the Managing Director of PT Inalum, Danny Praditya, Senior Vice President of PT Inalum Rainaldi Harahap, Kuspriyono, and Benny Alexander Wiwoho. Hendi Santoso said, "We have great hopes from the Mind ID Group that this capacity can be increased as much as possible while at the same time developing marketing by making derivative products made by...
The Indonesia-based company engaged in bauxite mining and alumina production, PT Cita Mineral Investindo Tbk (CITA), will be involved in two businesses in Bulungan, North Kalimantan, one of which manages an aluminium smelting facility and the other a power plant. However, PT Kalimantan Aluminium Industry (KAI) and PT Kaltara Power Indonesia are both third parties (KPI). On December 23, 2022, Yusak Lumba Pardede, the Director of CITA, said, "The transaction value of both companies' shares acquisition clocked to IDR 674.18 billion. The acquisition took place on December 20, 2022. The investment in KAI and KPI is intended to realise our plan to increase the value of minerals." CITA has acquired 330,624 unit shares out of KAI's total paid-up capital of 925,748. CITA IDR 330.62 billion, or...
