Bell Bay Aluminium (BBA), Australia's oldest aluminium smelter, is reviewing its workforce and offering redundancies for a small number of positions, just over a month after receiving an AUD 200 million (USD 137.52 million) government support package aimed at securing the facility's future until at least 2031. Up to 10 roles are understood to have been affected by the review, although the smelter is expected to retain its existing workforce of approximately 550 full-time equivalent (FTE) employees. Some redeployment opportunities will also be available, while the positions identified are not understood to involve frontline services. The changes reportedly include some former participants in Bell Bay Aluminium's graduate programme. Rio Tinto, which operates the smelter near George Town in...
Atlas Metals Group plc has terminated its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), ending a transaction first announced in June 2025, as the company shifts its acquisition focus towards lithium and graphite assets in Africa and South America. The natural resources and energy company said the decision followed recent due diligence difficulties and actions by UPSA representatives that it believes materially changed the merits and viability of the transaction. Atlas Metals is also seeking to recover material amounts owed to it by UPSA. The proposed acquisition was initially announced on June 17, 2025, with the signing of a conditional share purchase agreement (SPA) disclosed on September 10, 2025. However, the company has now decided to terminate the agreement,...
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On 26 th April 2022, the Indian multinational conglomerate company, headquartered in Mumbai, Reliance Industries (RIL) and the Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) signed a shareholding agreement for a chemical project in Ruwais, Abu Dhabi. However, this development delivers high significance, as it will eye on Chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production, which are used in an extensive variety of industrial applications. Furthermore, it is anticipated to unfold new revenue paths for RIL as well as the Abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company, who are strategic partners in TA’ZIZ, a joint venture organization. According to an industry expert, who states that chaired by Indian...
According to the latest data revealed by the International Aluminium Institute, the world alumina production amounted to 10.863 million tonnes in March 2022 (including metallurgical and chemical), an increase of 7.38 per cent month-on-month from 10.116 million tonnes. That brought the total global alumina production in the first quarter of the current year to 32.608 million tonnes, which was, however, down by 5.02 per cent from 34.332 million tonnes in the previous quarter. The reason for the quarter-on-quarter downfall in world alumina output despite a rise in March was a sharp fall of production in February from 11.629 million tonnes to 10.116 million tonnes (M-o-M). As per the calculation, that was a plunge of 13.01 million tonnes, following a drop of 1.18 per cent in the previous...
LME aluminium opened at US$3,087per tonne on Tuesday and closed at US$3,080 per tonne, down US$2 per tonne or 0.06 per cent. On 26 th April, the LME aluminium cash bid price stood at US$3,102 per tonne, increasing by 0.42 per cent or US$13 per tonne. LME aluminium official settlement price halted at US$3,102.50 per tonne, rising by 0.40 per cent or US$12.50 per tonne. 3-month bid price stopped at US$3,117 per tonne, taking a leap of 0.45 per cent or US$14 per tonne. The 3-month offer price came in at US$3,118 per tonne, gaining US$13 per tonne or 0.42 per cent. On the same day, December 23 bid price and December 23 offer price settled at US$2,990 per tonne and US$2,995 per tonne, respectively, both with a 0.84 per cent or US$25 per tonne hike. LME aluminium opening stock continued to...
On Tuesday, April 26, the Aluminium Stewardship Initiative announced that it successfully certified Yunnan Haoxin Aluminum Foil Co., Ltd. against the Chain of Custody Standard Certification for aluminium re-melting, refining, and semi-fabrication activities for the production of aluminium foil. Not even a year has passed Yunnan Haoxin Aluminum Foil plant has bagged another ASI certification, following the Performance Standard Certification in August 2021. The facility has an annual capacity of producing more than 200,000 tonnes of aluminium sheet and foil in various gauges, destined for several downstream applications in the electronics, packaging, pharmaceuticals, HVAC, and other sectors. The ASI CoC certification determines requirements for the creation of a Chain of Custody for...
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26. The company has reduced its aluminium wire rod price significantly by INR 11,250 per tonne or 3.8 per cent to INR 279,500- 287,000 per tonne. The last cut on April 21 brought the price to INR 290,750-298,250 per tonne, down by INR 5,500 per tonne from the previous day. With effect from April 26, Vedanta’s aluminium billet price has come in at INR 280,000 per tonne versus INR 291,250 per tonne on April 21. That was a decline of INR 11,250 per tonne as well. As per the price list revealed, the company is selling its aluminium ingot price at INR 272,000-307,700 per tonne, in comparison with INR 283,250-330,750 per tonne on April 21. Vedanta Limited links its aluminium...
Under President Akufo-Addo’s government in Ghana, the Minister of Lands and Natural Resources Samuel Abu Jinapor has assured people for no deliberate exploitation of the Atewa Forest area. They will rather try to utilise it for the benefit of the Ghanaian people. “Government and GIADEC continue to be fully committed to the preservation of the Atewa Forrest and ensure that the exploitation of the bauxite in Atewa is in the ultimate interest of the Ghanaian people and is in the public interest. They are also working to ensure that the integrity of the forest is preserved,” Jinapor said. On April 24, 2022, while speaking with the Aljazeera media network, the Minister agreed that Ghana Integrated Aluminium Development Corporation (GIADEC) considers Atewa Forrest as one of the primary...
On April 22, Round Bottom Recycling in Milford US was giving US$1 per pound in return of cans that were ready for recycling. This was an Earth Day deal offering consumers nearly double the prevailing cost for aluminium cans. Round bottom employee Lonnie Wilson recalled that the last time the company provided as much money for cans was in 2012, when more than 330 customers cashed in on their cans in one day. “We’re all in a good market right now. The economy is needing aluminum, copper, brass to rebuild the world to recycle and Earth Day is the biggest recycling day of the year,” said Wilson. Owner Zach Moore had stated that business on Earth Day was quite full as customers were receiving good amount for every type of metals they were bringing. Moore will go back to offering 60 cents per...
The report has turned out that French police officials have raided the Sanjeev Gupta’s GFG Alliance Paris offices and a previously owned aluminium manufacturing unit in a widening of a criminal investigation into the metal tycoon’s establishment. In 2021, the Paris Prosecutor’s Office rolled out an investigation into Sanjeev Gupta’s business operations in France over a claim for the “misuse of corporate assets” and “money laundering”, reduplicating a separate probe by the Serious Fraud Office (SFO), a non-ministerial government department of the Government of the United Kingdom that investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland. The CEO and Founder of GFG Alliance, Sanjeev Gupta, who once was complemented by the politicians as...
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the product at INR 283,100 per tonne. Last week, on April 21, the price was cut by INR 5,500 per tonne INR 294,350 per tonne. Hindalco’s aluminium billets price has also experience a cut of INR 11,250 per tonne or 3.78 per cent on April 26 from INR 297,350 per tonne to INR 286,100 per tonne. Aluminium ingot price has come in at INR 272,000 per tonne as of April 26, down by 3.97 per cent from INR 283,250 per tonne. In the past two days, the three-month futures price of aluminium on the London Metal...
On Tuesday, April 26, CME group, the world’s biggest derivatives marketplace announced that it will debut an option contract on its physically-delivered aluminium features on May 23. The new aluminium option contract will be listed on COMEX and will be governed by its regulations. "Our new option contract is the latest example of CME Group's decade-long track record of helping the aluminum community to manage risk as their needs evolve. Clients are increasingly turning to our Aluminum markets, with a record 4,888 Aluminum futures contracts traded on April 19 and average daily volume in April currently around 1,300 contracts, up over 100% from last year. We look forward to continuing to work with our clients and the industry to provide enhanced solutions across this important global...
Malaysian Press Metal Aluminium declared that its Sarawak subsidiary is approved of an ‘amicable settlement’ with the Inland Revenue Board (IRB) for the additional settlements of the years 2014 to 2019. Concurring to a letter sent from the IRB head office dated 22nd April, a subsidiary of Press metal PM Bintulu Sdn Bhd has settled on a sum of RM 26.74 million after a thorough assessment, as revealed by the company. Earlier, the group’s additional assessment had amounted to RM 106.06 million for 2014-2019, as was announced by the company on November 26, 2021. Press Metal said that during that time, IRB had authorized additional income tax “based on its view that certain income does not fall under pioneer status exemption approved by Malaysian Investment Development Authority (MIDA)”. The...
In the Horn of Africa, a nation named Djibouti has lately been classified as a low-middle-income country status. However, despite the recent economic development, the country’s poverty rates stand at 79%, with 42% of the population living in paramount poverty. Djibouti provides a mixed economic system which incorporates a wide range of private freedom, blended with centralized economic planning and government regulation. It is a member of the League of Arab States (Arab League) and the Common Market for Eastern and Southern Africa (COMESA). The revoke of COVID-19 restrictions has smoothed Djibouti’s economic rebound in 2021 to an estimated 4.3%. Although the growth is projected to remain modest in 2022 but augment apace thereafter, the credit goes to infrastructure projects, diminishing...
Rio Tinto Plc has agreed to enter into a development agreement for bauxite residues iron phase product with Innord Inc., a wholly-owned subsidiary of Geomega Resources Inc. As part of the agreement, Rio Tinto will pay Innord US$1 million to complete the requisite proof of concept work and the following small scale locked cycle pilot plant at its Boucherville, Quebec facilities as part of the deal. Rio Tinto and Innord have agreed to evaluate various opportunities to monetize the iron compounds produced by Innord's Bauxite Residues Technology (IBRT). A US$4 million pilot plant and feasibility study of a sustainable and complete valorization of bauxite residues were also announced. As part of the project, Innord has agreed to develop and test an extension technology to IBRT over the next 12...
On Monday, April 25, NALCO CMD Sridhar Patra and MIDHANI CMD Sanjay Kumar Jha reportedly met the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to apprise the problems related to infrastructure for setting up a high-end aluminium alloy products manufacturing plant in Nellore. On receiving the complaints, the Chief Minister directed the officials concerned to look into the issues. Mr Reddy also suggested NALCO and MIDHANI to set up an MSME park in addition to this project to meet the needs of equipment manufacturers in defence allied sectors. The upcoming high-end aluminium alloy products manufacturing plant involves a cost of INR 5,500 crore. It will have a production capacity of 60,000 tonnes and create direct and indirect employment to 750-1000 people at Bodduvaripalem in...
LME aluminium opened at US$3,230 per tonne on Monday and closed at US$3,082 per tonne, down US$162.5per tonne or 5.01 per cent. On 25 th April, LME aluminium cash bid price stood at US$3,089 per tonne, facing a 4.76 per cent or US$154.50 per tonne decline, while LME aluminium official settlement price halted at US$3,090, plunging down 4.75 per cent or US$154 per tonne. 3-month bid price stood at US$3,103 per tonne, plummeting 4.79 per cent or US$156, and 3-month offer price came in at US$3,105 per tonne, losing US$156 per tonne or 4.78 per cent. On the same day, December 23 bid price and December 23 offer price settled at US$2,965 per tonne and US$2,970 per tonne, respectively, both with a 3.88 per cent or US$120 fall. LME aluminium opening stock continued to decrease by 0.33 per cent or...
The Ball Aluminum Cup™ was recognised a Gold winner by the 2022 Edison Awards on Monday, April 25, for providing customers with sustainable solutions. The renowned Edison Awards, which were established in 1987, reward and nurture invention and innovators that have a beneficial influence on the globe. "We're thrilled that the infinitely recyclable Ball Aluminum Cup has been recognized by the Edison Awards as a sustainable consumer solution,” said Dan Fisher, President and CEO-elect of Ball. Receiving an Edison Award has become one of the most prestigious honours in the field of innovation. Expert reviewers from all over the world chose the Ball Aluminum Cup as the winner after weighing in on more than 350 nominees. “This recognition affirms the Ball Aluminum Cup's position as both a leader...
On Thursday, April 21, Y S Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, along with Aditya Birla Group Chairman Kumara Mangalam Birla, inaugurated the caustic soda manufacturing unit by Grasim Industries Limited at Balabhadrapuram in East Godavari district. In February 2019, Grasim Industries Limited had signed an agreement with Aditya Birla Group to acquire the under construction 200 TPD Chlor-Alkali project at Balabhadrapuram, Andhra Pradesh for INR 235 crore. Now that the plant is complete, the Chief Minister and Birla went around it, inspecting different features of its design and the laid safety protocols. The unit is supposed to achieve a production capacity of 1,600 tonnes per day in three separate phases, involving a total investment of INR 2,700 crore. Though Birla...
ICSOBA, the International Committee for Study of Bauxite, Alumina & Aluminium, has announced the 40th International Conference and Exhibition ICSOBA 2022. The five-day event, scheduled from 10th to 14th of October will take place in Athens, Greece, in association with Mytilineos as the host sponsor. ICSOBA, with the vision and commitment to serve the entire value chain of aluminium, has also partnered with other conference such as the 4th International Bauxite Residue Valorisation and Best Practices Conference (BR2022) and the Final RemovAL Cross-Fertilisation Conference. Hence, the event will host sessions on bauxite, alumina, as well as aluminium production. To expand the offerings of knowledge, ICSOBA also proposes a plant tour of Aluminium of Greece, Agios Nikolaos complex, which...
