METLEN announces the signing of a long-term commercial agreement with a major Japanese chemical company for the future supply of gallium, representing up to 16 per cent of METLEN’s total annual gallium production from its production facility in Greece, which is currently under construction. The commercial terms of the agreement remain confidential. The new agreement marks the second strategic commercial arrangement announced by METLEN for the future supply of gallium, further confirming strong international demand for a reliable European source of supply. As global industries seek to diversify critical raw material supply chains, METLEN continues to establish itself as a trusted long-term partner for leading industrial and technology companies across multiple regions. The growing...
A new 10-inch aluminium extrusion press is now operational at Sharvaya Metals Limited’s Ahilyanagar facility, following its commissioning on October 5, 2026. The new press completes the company’s production process from alloy production to finished components. The new facility allows Sharvaya to serve sectors including defence, aerospace, railways, electric vehicles, and engineering. By handling the full manufacturing process, the company aims to improve production time, quality, and costs for its customers. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " The new line includes an aluminium billet extrusion press and supporting equipment. It has billet heating, online quenching, puller...
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According to the International Aluminium Institute, the world alumina production in November 2022 amounted to 11.585 million tonnes, bringing the total output in eleven months of the year to 127.607 million tonnes. The monthly production in November edged a decline of 3.13 per cent from 11.959 million tonnes in October 2022 but recorded a rise of 3.10 per cent year-on-year from 11.237 million tonnes. The world’s total output of alumina from January to November registered a slight Y-o-Y increase of 0.64 per cent from 126.793 million tonnes. China churned out 6.70 million tonnes of alumina in November 2022, compared to 6.930 million tonnes in the previous month. That reflected a month-on-month shrink by 3.32 per cent, according to IAI. However, on a Y-o-Y basis, China’s output stood 10.11...
On Friday, December 30, China's A00 aluminium ingot price climbed up by RMB 30 per tonne to halt at RMB 18,680 per tonne, with the average prices standing between RMB 18,660 per tonne and RMB 18,700 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. On the same day, the prices in Gongyi and Tianjin have dipped by RMB 30 per tonne to settle at RMB 18,480 per tonne and RMB 18,710 per tonne. As per the SMM data, in Chongqing, the price shrunk by RMB 20 per tonne to halt at RMB 18,680 per tonne. Foshan and Wuxi's prices settled at RMB 18,680 per tonne and RMB 18,660 per tonne after recording a dip of RMB 10 per tonne. In Hangzhou, Shenyang and Linyi, the price recorded the same drop to peg at RMB 18,710 per tonne, RMB 18,650 per...
LME aluminium opened at US$2,376 per tonne on Thursday, with its high and low at US$2,417 per tonne and US$2,372 per tonne, respectively, before closing at US$2,411.5 per tonne, an increase of US$36.5 per tonne or 1.54 per cent. On December 29, Thursday LME aluminium cash bid price jumped up by US$29 per tonne or 1.24 per cent, closing precisely at US$2,371 per tonne, and the LME aluminium official settlement price inched up by US$28.50 per tonne or 1.22 per cent halting at US$2,371.50 per tonne. The 3-month bid price soared by US$22 per tonne or 0.92 per cent to halt at US$2,398 per tonne, and the 3-month offer price climbed up by US$21 per tonne or 0.88 per cent to rest at US$2,399 per tonne. December 23 bid price and December 23 offer price both spiked by US$22 per tonne or 0.89 per...
Recently, aluminium has been globally recognised as an infinite metal that can help induce a closed circular economy since it can retain its original form even after undergoing rigorous recycling processes. This has encouraged many international brands to switch towards non-ferrous metal. But there were some visionary players in the aluminium sector even before this mass awakening happened, and it can be claimed that these companies are going to reap a good advantage in this era due to their prior investments. The top 10 manufacturers in the end-user genre in 2022 have been enlisted in the space down below: Ball Corporation At the beginning of this year, during January, Ball Corporation announced its 2021 net earnings due to the incorporation of $878 million or $2.65 per diluted share....
Researchers from The University of Birmingham have reportedly discovered and demonstrated the possibility of directly reusing aluminium and copper current collectors from spent lithium-ion batteries. An open access paper on their study is published in the RSC Journal Green Chemistry. The ever increasing number of spent lithium-ion batteries is causing a serious waste-management challenge, which can, however, be tackled by the direct reuse of aluminium and copper current collectors, while developing an alternative renewable source of aluminium and copper and preventing long manufacturing processes and energy input for new current collectors, explained Zhu et al. He added, “… Herein, aluminium and copper current collectors are reclaimed from commercial spent LIBs with simple chemical...
The Minister of Industry and Trade of the Russian Federation, Denis Manturov, stated that due to sanctions put in place by the EU and US, Russia would reroute its metal exports from Western nations to alternate markets. The minister identified China, Turkey, Southeast Asia, Russia-led Eurasian Economic Union members, and CIS countries as priority areas for diversifying metal supplies. Manturov predicts that trade flows will concentrate on Latin American, African, and Middle Eastern markets. Manturov said during a meeting with Mikhail Mishustin, the Russian Prime Minister, that "our firms, with the assistance of trade missions, are already reorienting exports, and that the government will take steps to support logistics.” Russia being a significant metal producer and exporter, so according...
A New York private equity group, a union, the state government, and the Bonneville Power Administration (BPA) has been working to reopen Alcoa Intalco Works, the aluminium smelting facility in Ferndale and rehire 700 of its former employees, for more than a year. However, the effort to restart the facility was doomed due to the high cost of electricity. In April 2020, Alcoa announced its Ferndale smelter's suspension in Washington due to declining demand and falling metal prices. To reduce the revival plant's carbon footprint and support Gov. Jay Inslee's campaign to tackle climate change, the state was asked to contribute $10 million to the project. But they were unable to reach an agreement. The main obstacle was the inability of the BPA and the New York City-based private equity firm...
Hublot has initiated the new tourbillon Automatic Purple Sapphire to its Big Bang collection. The exotic purple hue of the watch was achievable due to the use of an aluminium oxide compound and chrome. The Swiss watchmaker has come up with an exclusive wristwatch by combining the extremely complex technology of a tourbillion, first patented in 1801 and the attractive colour achieved by a sustainable aluminium blend. The unique purple colour can be attributed to the shiny outlook of both aluminium and chrome. The composite made of aluminium oxide (Al₂O₃) and chrome is also strong enough to hold the case and the bendable strap in a single array, leaving no gaps between the alignments. Switzerland’s Hublot has incorporated a self-winding tourbillon that can remain optimised for three days...
In a renewed contract, the Russian aluminium giant Rusal agreed to continue the supply of primary aluminium and aluminium scrap to the En+ Group subsidiary KraMZ. Rusal, one of the world's leading aluminium producers, announced that it will supply about 77,220 tonnes of the material until December 31, 2023, for an annual transaction amount of approximately $179.2 million. The world's leading low-carbon aluminium producer, Rusal requirement of more than 90 per cent of the electricity for aluminium production gets clean and renewable hydroelectric power, which enables the company to produce low-carbon footprint products. Rusal's main products are primary aluminium and aluminium-based alloys, alumina, foil, and packaging. The Company has its resource base and carries out the entire...
Founded in 2018, a USA-based fitness firm, Movano, has introduced the Evie smart ring, specifically crafted for women. The key would be displayed at CES 2023, but the brand is already proudly flaunting the primary features of the aluminium-forged ring. This model has been developed as a contemporary to the Oura rings, but with one clear benefit, a user would not be charged each month to get essential diagnostics made by the device. The use of aluminium in making the Evie smart ring makes it highly sustainable even at the end of its life. Aluminium is an infinitely recyclable non-ferrous metal that retains its original properties even after a rigorous transformation process. In the case of electronics, most of the time, a particular device doesn't find its way back to a recycling centre...
Vedanta Limited trimmed its aluminium ingot and aluminium products prices by INR 1,250 per tonne on Tuesday, December 27, following a raise of INR 3,000 per tonne on December 22. That brought the company’s aluminium ingot price to INR 224,250-255,250 per tonne versus INR 225,500-256,500 per tonne on December 22. Vedanta’s aluminium wire rod price is currently hovering around INR 231,750-239,250 per tonne, compared to INR 233,000-240,500 per tonne in the previous week. With the latest cut, aluminium billet price has come in at INR 233,250 per tonne in comparison with INR 234,500 per tonne on December 22. Vedanta links its aluminium ingot and aluminium products prices with the three-month futures of aluminium on the London Metal Exchange, which slipped by US$20 per tonne from US$2,362 per...
The Bauxite Hills mine in Queensland ended its operating season for the year ahead of schedule due to a weather event that could have been dangerous for mining operations and shipment on December 29, 2022, according to an announcement by the Australian mining and exploration company Metro Mining. At this time of year, the company's operating season usually comes to an end. On the other hand, loading a Capesize vessel at the mining facility in the Gulf of Carpentaria in preparation for the following mining season will no longer take place as planned. Five working days were lost as a result of the weather event, and 3.41 million wet tonnes were sent in total by the end of the season, which is less than anticipated. In spite of this, Metro Mining forecasts achieving its annual sales target...
LME aluminium opened at US$2,408 per tonne on Wednesday, with its high and low at US$2,433 per tonne and US$2,371 per tonne, respectively, before closing at US$2,375 per tonne, a drop of US$20.5 per tonne or 0.86 per cent. On Wednesday, December 28, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$0.5 per tonne or 0.21 per cent and US$1 per tonne or 0.04 per cent to stand at US$2,342 per tonne and US$2,343 per tonne. 3-month bid price and 3-month offer price climbed up by US$5 per tonne or 0.21 per cent to rest at US$2,376 per tonne and US$2,378 per tonne. December 23 bid price and December 23 offer price grew by US$1 per tonne or 0.04 per cent to settle at US$2,458 per tonne and US$2,463 per tonne. LME aluminium opening stock pegged at 461725...
A00 aluminium ingot price has plummeted by RMB 260 per tonne, resting at RMB 18,710 per tonne, as the Shanghai Metals Market recorded on Thursday, December 29. The average prices are expected to range between RMB 18,690 per tonne and RMB 18,730 per tonne, with spot contracts trading at a discount price of RMB 40 per tonne. The provinces in China have recorded falling prices today, with the aluminium price decreasing the most in places like Foshan, Hangzhou, Chongqing, Shenyang and Linyi by RMB 260 per tonne. The price in Foshan stands at RMB 18,690 per tonne, in Hangzhou at RMB 18,720 per tonne, in Chongqing at RMB 18,700 per tonne, while in Shenyang and Linyi, the aluminium prices have closed at RMB 18,660 per tonne. The price of aluminium in Wuxi has lost RMB 210 per tonne, halting at...
China’s prebaked anode exports in November 2022 stood at 134,500 tonnes, reflecting a decline of 35.42 per cent month-on-month and 42.55 per cent year-on-year, found China customs data. The exports were valued at $157 million, with a unit price declining to $1,167.57 per tonne. China’s total exports of prebaked anode from January to November 2022 amounted to 1.84 million tonnes, an increase of 192,400 tonnes or 11.71 per cent Y-o-Y. Among the export destinations, Malaysia was the largest, with an import volume of 74,000 tonnes, far exceeding the actual local demand in Malaysia. It is expected that Malaysia’s import volume will shrink slightly in December. The exports to Russia were 5,600 tonnes. According to prebaked anode companies, China’s export decline is mainly due to weaker demand...
The renowned Indian aluminium producer Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has been awarded the "Gold Award" by Arogya World in the category of "Healthy Workplaces Awards - 2022." Arogya World is a global health non-profit organization working to prevent non-communicable diseases (NCDs)—diabetes, heart disease, cancer and chronic lung diseases—through health education and lifestyle change. The honour is proof of BALCO's top-notch staff health and wellbeing procedures, which are firmly ingrained in a culture of care. BALCO is instrumental in making healthcare accessible through its 75-bed super speciality BALCO Hospital in Balconagar, Korba. The hospital has a 24X7 emergency service, an Out Patient Department, an In-Patient Department, an Intensive...
The Gladstone power plant enjoying subsidies has been a recurring cause of concern for the federal government’s coal price cap compensation talks with Queensland. According to sources, the central Queensland power plant proprietors, Rio Tinto and its partners, are about to accept US$450 million to suffice the temporary price cap of US$125 per tonne. The low price cap was strategically introduced to combat the rising power prices. The federal government and Queensland will divide in half the compensation amount to be paid under the agreement, which was signed during the national cabinet earlier in December. Aligned with the ongoing negotiations, the Queensland government has claimed that US$450 million would stay “in the ballpark”. The Gladstone power plant is one of the two generators...
On December 28, 2022, four industry experts involved in the pricing discussions informed that some Japanese aluminium buyers agreed to pay global producers a premium of $86 per tonne over the benchmark price for January-March shipments, down 13% from the current quarter. The amount is less than the $99 per tonne paid in the quarter between October and December. The premium is at its lowest level since the quarter from October to December 2020, marking the fifth consecutive quarterly reduction. The premiums set the benchmark for the region for primary metal shipments that Japan, Asia's largest importer of light metal, agrees to pay over the London Metal Exchange (LME) cash price each quarter. Our source from the Japanese trading house said, "We have done the deals at $86 a tonne with two...
