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 Thursday, April 14, China’s aluminium billet inventory declined by 8.02 percent W-o-W to halt at 146,400 tonnes. The epidemic significantly impacted both freight inflows and outflows, therefore inventories in east China did not alter substantially. The adjustments in east China's inventory will be determined by how the epidemic develops. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan the inventory had fallen by 18,300 tonnes to peg at 63,400 tonnes. Next week, inventories in Foshan may continue to shrink. As per the SMM data, inventory in Wuxi had gone up by 710 tonnes to settle at 39,500 tonnes. Due to weak downstream consumption, stockpiles in Nanchang continued to rise. In Nanchang also the price had climbed up by...
The newly appointed directors to manage the board of Ghana Bauxite Company (GBC) has paid an official visit to the multi-decade old bauxite company’s mining site in Awaso to acquaintance themselves with the mining operations. Isaac Ofori Poku, the Executive Board Chairman of Ghana Bauxite Company (GBC) led the team to tour the facilities at the bauxite mining site together with Frederick Sarkodie, the General Manager of GBC. The Director’s delegation visited the Administration, the Community Hospital the Community School, recreational Centres and GBC Guest Houses, the various mining concessions, the Haulage Area, the Crusher, the Washing Plant and the other required units. However, the Board conversed with the workers to find avenues to discourse prevailing disputes at the bauxite mines...
On Thursday, April 14, China’s social inventories of primary aluminium dipped after two weekly hikes. The Shanghai Metals Market data showed the inventories dropped by 3,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to total 1.063 million tonnes. Last Thursday, April 7, the primary aluminium inventories stood at 1.066 million tonnes accumulating 25,000 tonnes over a week. However, compared to this Monday, April 11, China’s primary aluminium inventories grew by 2,000 tonnes. Inventories on Monday fell by 5,000 tonnes from Thursday to come in at 1.061 million tonnes, showed SMM. The chart below indicates the current status of primary aluminium invetories across China in more details: The decline in primary aluminium inventories on Thursday was mostly...
On Thursday, April 14, Alcoa Corporation announced that it entered into a supply agreement with Speira to provide low-carbon EcoLum™ aluminum. Speira is a global aluminium rolling and recycling company, consisting of seven manufacturing facilities and one R&D centre. It serves the automotive, packaging, printing, engineering, and building and construction industries. Alcoa’s EcoLum™ brand belongs to the company’s Sustana™ family of low-carbon products, the most comprehensive in the aluminium industry. Alcoa produces EcoLum at its hydroelectric-powered aluminum smelters. It emits no more than 4.0 tonnes of carbon for every tonne of metal produced, including both direct and indirect emissions (scope 1 and scope 2) across the entire production chain, including bauxite mining and alumina...
LME aluminium opened at US$3,257 per tonne on Thursday and closed at US$3,299 per tonne, down US$42 per tonne or 1.29 per cent. LME aluminium cash bid price stood at US$3,237 per tonne and LME aluminium official settlement price halted at US$3,237.50, gaining 1 per cent and 0.95 per cent respectively, if compared with the records of Wednesday. 3-month bid price of aluminium rose by US$27.50 per tonne or 0.85 per cent to rest at US$3,265 per tonne. 3-month offer price also faced the same percentage of hike to settle at US$3,266 per tonne. According to Thursday’s LME official price chart, December 23 bid price stood at US$3,130 per tonne and December23 offer price at US$3,135, both witnessing an elevation of 0.32 per cent or US$10. LME aluminium opening stock went low from 612,275 tonnes to...
The economy of Yemen is a mixed economy, where there is limited private freedom, but the economy remains extremely controlled by the government. Civil war, corruption and economic mismanagement have driven Yemen to stand as one of the poorest of the world's low-income countries. Although crude oil production and petroleum refining remain the main backbone of Yemen’s industrial economy, however, aluminium products manufacturing and commercial ship repairing produce a good amount of aluminium scrap other than food used packaging. The Western Asian nation, Yemen exported 20,786 tonnes of aluminium scrap from 2019-to 21, which accounted for a $19.28 million inflow of foreign revenue from the export. Yemen exported 7268 tonnes of aluminium scrap in 2019, attracting earnings of around $8.57...
Amid the projection of global aluminium demand growth by almost 40 per cent to 119.5 million tonnes at the end of 2030, Emirates Global Aluminium (EGA), which currently forms the biggest part of Dubal Holding's portfolio, is mulling to expand the midstream and downstream aluminium industry, such as auto-spare parts, according to Mr bin Fahad. He said EGA’s investment is proceeding on track with Dh4 billion waste-to-energy project. He further explained the project will convert 1.9 million tonnes of waste per year into renewable energy, which will generate 200 megawatts of electricity to feed local grid to help them accelerate aluminium production. The facility is likely to commence operations by 2024, and more such plants are planned for the rest of the country, said Mr Fahad. The projects...
On Tuesday the Supreme Court session commenced on a very serious allegation put down by Vedanta Ltd on National Aluminium Company Ltd (NALCO) the former pressing charges for non-compliance of the order dated January 14, 2020, due to which a three-judge bench allowed the plaintiff to bid for NALCO’s alumina tenders meant for export. The three-judge bench consisted of some of the renowned Justices of India like DY Chandrachud, AS Bopanna and V Ramasubramanian who were left focusing on issues such as NALCO paying no heed to LET Export Order even though Vedanta had provided the bill of export and certification of goods already admitted into the Special Economic Zones (SEZ) in India as per the provisions led by SEZ with special reference to Rule 30, carried on under the concerned SEZ...
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 14, albeit much lesser than the previous day. As against the slash of INR 12,500 per tonne on Tuesday April 12, Hindalco’s aluminium wire rod price has seen a trim of INR 1,250 per tonne on April 14 to INR 291,100 per tonne. Hindalco’s aluminium billets price has also been reduced by INR 1,250 per tonne or 0.42 per cent to INR 294,100 per tonne. On April 12, the price stood at INR 295,350 per tonne after being chopped by INR 12,500 per tonne from the previous day. As per the revised prices revealed, the company is now selling its aluminium ingot price at INR 280,000 per tonne versus INR 281,250 per tonne on April 12. Hindalco links its aluminium ingot and aluminium...
Elval received €75 million 10 year loan from the European Investment Bank (EIB), which will fund half of its new investment. Elval is ElvalHalcor S.A.'s aluminium rolling subsidiary and one of the world's largest aluminium rolling producers. The first phase of ElvalHalcor’s five year investment program was completed by 2020. The new investment relates to the implementation of the second phase of the investment programme, which will cost an additional EUR 150 million, in order to meet increased production capacity targets in response to rising market demand for rigid packaging and other aluminium products, which is being fuelled by global megatrends. On Wednesday, April 13, EIB President Werner Hoyer and Michael Stassinopoulos, chairman of ElvalHalcor's Board of Directors, confirmed their...
During an international business awards to commemorate excellence across Europe, the Middle East and Africa, MQP, a British Firm which has attained more sustainable methods in manufacturing aluminium based products won the Most Innovative Company title. MQP masters in the art of blending aluminium grain refiner, a binding agent added to aluminium in the furnace to guarantee that sheet and billets to car roof panels and kitchen foil, do not open up in cracks. Television presenter and broadcaster Clare Balding OBE presented the Solihull based company with the award at the 2022 BizX Awards ceremony held at Farnborough International Exhibition and Conference Centre. The firm was singled out among the seventeen participants where it won completing with four other finalists. The firm won...
In March 2022, the average operating rate of Chinese aluminium plate/sheet and strip producers was 79.22 per cent, up by 1.81 percentage points from the previous month but down by 1.14 percentage points on the year. The operating rate grew in line with the increased orders during the traditional peak season. Inventories of finished products also moved up as the resurgence of the COVID-19 pandemic in late March hindered consumption and shipment of aluminium plate/sheet, strip and foil. Nonetheless, most enterprises of aluminium flat rolled products maintained operations in March, except for a few who had to cut production due to raw materials shortage. Therefore, the monthly operating rate, though lower than expected, stood higher than the previous month. In April, the pandemic in east...
The brainchild of the Qatar Industrial Manufacturing Company (QIMC), Qatar Aluminium Extrusion CO. (Qalex) has received a second nitriding system from Nitrex. The aluminium profiles manufacturer desired to equip a second extrusion plant with an independent nitriding furnace to safeguard handling, processing time and costs associated with having to transport extrusion dies back and forth from its first factory for nitriding work. The fully integrated global provider in the surface treatment market, Nitrex Poland’s Project Manager, Marcin Stokłosa said, “This is the second turnkey system, but it might not be the last one. The story for the initial furnace we sold to Qalex is very long but interesting. Discussions lasted a few years and the customer eventually decided on an order in 2017.”...
The export of aluminium plates, sheets and bars from the United States for January 2022 reflects a month-on-month downfall. In January 2022, US exported a total of 33,100 tonnes of aluminium plates, sheets and bars, which on a month-on-month scale dwindled by 7,400 tonnes or 18.27 percent from 40,500 tonnes in December 2021. In December 2021, the total amount of aluminium plates, sheets and bars exported from the United States closed at 40,500 tonnes, depicting a month-on-month plunge of 20.43 percent or 10,400 tonnes. On a year-on-year calculation, there was a huge downfall of 22,800 tonnes or 40.78 percent from 55,900 tonnes in January 2021. In January 2022, the amount of aluminium plates, sheets and bars exported from the United States stopped at 55,900 tones. For the entire year of...
According to the Shanghai Metals Market, China’s aluminium production in March 2022 (31 days) stood at 3.315 million tonnes, 0.92 per cent less year-on-year. The daily average output was 106,900 tonnes, which also reflected a drop of 1000 tonnes on the year but 1,700 tonnes more than in the previous month. From January to March, China produced 9.465 million tonnes of aluminium in total, a decrease of 2.28 per cent year-on-year. In March 2022, many new capacities were put into operation, along with the resumption of suspended projects. In Yunnan and Guangxi, a total of 998,000 tonnes of new and resumed production capacity came into operation. Besides, domestic aluminium smelters faced no production cut in March. On the other hand, the conversion of aluminium liquid in some smelters was low...
LME aluminium opened at US$3,280 per tonne on Wednesday and closed at US$3,257 per tonne, down US$17 per tonne or 0.52 per cent. LME aluminium cash bid price stood at US$3,205 per tonne and LME aluminium official settlement price halted at US$3,207 loosing 0.28 per cent and 0.23 per cent respectively, if compared with the records of Tuesday. The 3-month bid price of aluminium also fell by US$6.50 per tonne or 0.20 per cent to rest at US$3,237.50 per tonne. 3-month offer price also faced the same percentage cut resting at US$3,238.50 per tonne. According to Wednesday’s LME official price chart, December 23 bid price stood at US$3,120 per tonne and December23 offer price at US$3,125, both witnessing a downward swing of 0.16 per cent or US$5. LME aluminium opening stock went high at the...
The mining and exploration company established in Guinea, Dynamic Mining has secured the renewal of a status permitting it complete rights to set up the infrastructures of its future bauxite mine at Bon Ami. Now, without this license, the bauxite mining project’s development might have been compromised. Dynamic Mining, a subsidiary of the Indian group Jaguar Overseas, which following weeks of conversations with the Guinean authorities, in March 2022 had the "Project of National Interest" (PIN) status of its Bon Ami bauxite programme renewed for three years. In 2018, the permit was awarded to Dynamic Mining, but in November 2021, the status got expired. However, it restricted the granting of permits to other mining organizations on the same boundary line and push off it unconfined to erect...
Vedanta Limited again chopped its aluminium ingot and aluminium products prices, with effect from Tuesday, April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot at INR 281,000-328,500 per tonne, down by INR 13,000 per tonne or 4 per cent from INR 294,000- 341,500 per tonne on April 9. Vedanta’s aluminium wire rod price also experienced a sharp cut of INR 13,000 per tonne on April 12 from INR 301,500- 309,000 per tonne on April 9 to INR 288,500-296,000 per tonne. Aluminium billet price is now hovering around INR 289,000 per tonne since April 12, also down by INR 13,000 per tonne or 4 per cent from INR 302,000 per tonne. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of...
