Jaguar has unveiled the Type 01, the first model built on its new Jaguar Electric Architecture (JEA), and it is not exactly arriving quietly. With 73% aluminum, a 118kWh battery, three electric motors and a rather serious 1,015 horsepower (hp), the new electric grand tourer is Jaguar’s answer to a simple question: what happens when a century-old luxury carmaker decides to start over? The answer, apparently, is a very large piece of aluminum with no rear window. From a gloomy reset to a 1,015-hp comeback The Type 01 is the product of a long and fairly dramatic reset at Jaguar. After years of declining sales, the company ended production of the XE, XF and F-Type in 2024 as it moved towards an all-electric future. By the end of 2025, Jaguar had stopped producing vehicles altogether. To know...
Ma’aden’s aluminium business delivered strong revenue growth in Q2 2026 as higher realised prices lifted the segment, although weaker phosphate and ammonia guidance creates a mixed operating backdrop. Saudi Arabian Mining Company (Ma’aden) saw aluminium revenue rise 49 per cent year on year to USD 1.01 billion in Q2 2026, with realised aluminium prices increasing 51 per cent to USD 3,915 per tonne. Read more about Maaden aluminium revenue jump in Q2 2026 The stronger aluminium performance provides the clearest quantified growth signal in Ma’aden’s latest operating picture. However, revised production guidance for phosphate and ammonia adds a counterweight as investors assess the company’s broader portfolio. Higher aluminium prices drive revenue growth The aluminium division produced...
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The signing of the first agreement named Kuessilueu, which means "the wind is turning" in Nelueun, by Pekuakamiulnuatsh First Nation and Rio Tinto marks the beginning of a new era in their relationship. From a human, cultural, and economic standpoint, this agreement lays the groundwork for both partners' innovative and sustainable alliance. The agreement, which Gilbert Dominique signed, Chief of the Pekuakamiulnuatsh First Nation, and Sébastien Ross, Managing Director, Atlantic Operations, Rio Tinto Aluminium, is the first step in a special process that could result in as many as 80 representatives from the Pekuakamiulnuatsh First Nation and Rio Tinto working together as early as 2023. They will collaborate in multidisciplinary teams for several months to identify opportunities for...
Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next day to bring its ingot price back to INR 227,000 -258,000 per tonne. Vedanta’s aluminium wire rod price also built up INR 1,250 per tonne to stand at INR 235,750-243,250 per tonne on December 16, after losing the same amount on the preceding day to clock at INR 234,500-242,000 per tonne on December 15. Vedanta’s aluminium billets price has come in at INR 237,250 per tonne as of December 16, up by INR 1,250 per tonne from INR 236,000 per tonne on December 15. Vedanta has grown its aluminium ingot...
On Friday, December 16, Aluminium Stewardship Initiative announced that Real Alloy has successfully been certified with the ASI Performance Standard V2 (2017) and Chain of Custody (CoC) Standard V1 (2017) for its wrought alloy and cast alloy factories located in Coldwater North Michigan and for recovering aluminium scrap at its Coldwater South plant (USA). REAL Alloy's global corporate headquarters in Ohio (USA) has also received a dual ASI Certification for its central, strategic, and administrative management duties. Molten aluminium, deox cones, and specification alloy sows are the main products of the recycling plant, whilst a large variety of specification alloys for use in the car industry are produced in the casting facility. As well as core strategic, administrative, and service...
According to a report on Wednesday, December 14, global aluminium producers have proposed premiums of $95-$105 per tonne to Japanese buyers for the metal shipments during the first quarter of 2023. That is 4 per cent less than the current quarter, whilst at the same time, 6 per cent higher, as reported by three sources directly involved in quarterly pricing talks. Japan is Asia’s biggest importer of primary aluminium, and the premiums it agrees to pay for the metal each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. For the current quarter ending December 31, Japanese buyers pay a premium of $99 per tonne, 33 per cent less than $148 per tonne in Q3 and 42 per cent shorter than $172 per tonne in Q2 2022. The price negotiation for Q1 2023 began...
The prominent name in the aluminium recycling and ferroalloys segment, Arfin India, witnessed stock price pick up following the company's announcement that it received an export order from the Saudi Arabia-Middle East steel plant to supply aluminium deox worth $42.26 million (INR 350 crore). The company, however, also declared that the export order would be completed in four phases. Incorporated in 2001, the company boasts a progressive vision as well as the necessary industrial capacity to become a market leader. In metallurgy, deoxidization is a method of removing oxygen from steel. Most steelmaking operations use aluminium as a deoxidizer. Most often, aluminium is deoxidized in a ladle; in rare cases, it may also be added to the mould during continuous casting or ingot casting.
On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, released its Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The report summarized the organization's performance concerning critical sustainability dimensions, including economic performance, supply chain management, climate change & energy management, air quality & emissions control, water management, biodiversity management, waste to wealth, safety, health & well-being, people excellence, community welfare, etc. Additionally, under the Taskforce for Climate-related Financial Disclosures, or TCFD framework, Vedanta Aluminium released its first climate change report titled "Road to Net Zero Carbon." Through this report, the corporation wants to educate...
Three-month LME aluminium opened at US$2,446 per tonne on Thursday, December 5, with high and low at US$2,450 per tonne and US$2,375.50 per tonne, respectively, before closing at US$2,386 per tonne, a drop of US$66 per tonne or 2.69 per cent. On Thursday, December 15, LME aluminium cash bid price accumulated US$16 per tonne to stand at US$2,395 per tonne and LME aluminium official settlement price gained US$16.50 per tonne to come in at US$2,396 per tonne. 3-month bid price and 3-month offer price totalled US$2,428 per tonne and US$2,430 per tonne, respectively. December 23 bid price and December 23 offer price rose by US$7 per tonne to hover around US$2,512 per tonne and US$2,517 per tonne, respectively. LME aluminium opening stock continued to plunge by 5,450 tonnes to total 483,850...
On Friday, December 16, the A00 aluminium ingot price in China slumped by RMB 80 per tonne to stand at RMB 18,840 per tonne, with the average prices standing between RMB 18,820 per tonne and RMB 18,860 per tonne. The spot contract price is expected to be traded at a premium price of RMB 100 to RMB 140 per tonne. The price in Shenyang and Linyi has slipped by RMB 90 per tonne and RMB 80 per tonne to halt at RMB 18,810 per tonne and RMB 18,840 per tonne. As per the SMM data, the A00 aluminium ingot price in Wuxi and Hangzhou has descended by RMB 75 per tonne to peg at RMB 18,850 per tonne. In Gongyi and Chongqing, the prices recorded a fall of RMB 40 per tonne to reside at RMB 18,680 per tonne and RMB 18,870 per tonne. In Foshan and Tianjin, the prices shrunk by RMB 50 per tonne, stopping...
Australia's leading industrial solutions specialist and aluminium provider, Capral Aluminium, announced that it had acquired Allyman Aluminium, an aluminium distribution business in Wollongong, New South Wales, servicing the South Coast of NSW. The acquisition is a result of Capral's dedication to increasing the size of its distribution network so that it can have hubs and trade centres for aluminium strategically positioned all over Australia. Mark Murray, the NSW Industrial Sales Manager at Capral Aluminium, said, "The acquisition of the Allyman business is an integral part of our long-term commitment to supporting Australian trades and manufacturers with reliable access to aluminium products. Our philosophy is that wherever our customers are, they should feel that Capral Aluminium is...
Pondy Oxides and Chemicals Limited has accomplished the installation of plant and machinery for the aluminium recycling/melting facility at its existing premises in Sriperumbudur, Tamil Nadu, India and gained the required regulatory approvals and thereby inaugurated its commercial production on December 14 2022. Over the course of several months, the production at the recycling facility will be steadily increased to reach maximum levels. This will enable the business to satisfy the rising demand for aluminium. The Company constantly emphasises the circular economy and the importance of environmental responsibility and will continue to introduce more friendly projects and further contribute to the circular economy.
China’s social inventories of primary aluminium have suffered a loss of 18,000 tonnes week-on-week to reach a new low on Thursday, December 15. According to the Shanghai Metals Market data, inventories have come in at 482,000 tonnes, the lowest in nearly five years. The figure is also 34,000 tonnes lower than at the end of November and 429,000 tonnes less than a year ago. The continuous decline is attributed to output cuts at smelters and lower proportions of ingots. In addition, improved shipments from warehouses to downstream customers have contributed to the inventory fall. To know the current status of primary aluminium inventories across China in more details, refer to the chart below: In Nanhai, primary aluminium inventories have shrunk by 9,000 tonnes week-on-week to come in at...
India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonize emissions. The business initially uses it as fuel for specialist vehicles used for plant-wide mobility. When burned, biodiesel has a substantially lower carbon impact than traditional, non-renewable fuels because it is made from organic matter. This is another effort the corporation is making to cut carbon emissions. The two key pillars of BALCO's decarbonization journey are energy efficiency and a rise in the use of green fuels. BALCO is attempting to achieve this goal by incorporating more renewable energy sources, such as biomass, biodiesel, and renewable energy, into its energy mix. For instance,...
On December 15, 2022, while distributing dividend Norsk Hydro, the Norwegian aluminium maker, stated that it would slash more costs and raise its capital expenditure (Capex) in 2023. On the plus side, Hydro anticipated rising industrial demand for aluminium produced with fewer emissions and reduced carbon impact. Hydro said, "The Company aimed to reduce its annual costs by 3.5 billion crowns ($358.7 million) to a total of 11 billion crowns by 2027, up from its previous target of 8.5 billion crowns between 2019 and 2025." Hilde Merete Aasheim, the Chief Executive Officer, said, "Cost cuts are coming from thousands of initiatives throughout the business to improve productivity and cut fixed costs." The group expected capital expenditure of 13.5 billion crowns in 2023, including a 2.1...
French leader in aluminium shipbuilding, OCEA S.A., has reconfirmed the allotment of £ 1.5 billion for developing the Philippines’ shipyard, as the Office of the Press Secretary reported on December 14. The ship company is renowned for aluminium shipbuilding, with expertise in the design and assembly of aluminium vessels. The decision was made public after a meeting chaired by President Ferdinand “Bongbong” Marcos Jr. approved the company’s discourse during the ongoing Association of Southeast Asian Nations-European Union (ASEAN-EU) Commemorative Summit in Brussels. OCEA is positive that this major investment would open the doors for 500 to 600 direct and indirect employment opportunities in the Philippines. The company constructs aluminium boats with a length range of 15m to 120m,...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the second time in a row, although at a slower rate than earlier, with effect from Thursday, December 15. The company has trimmed its aluminium wire rod price by INR 1,250 per tonne or 0.5 per cent to sell the product at INR 237,100 per tonne. Hindalco’s aluminium billet price has also experienced a cut of INR 1,250 per tonne on December 15 from INR 241,350 per tonne to INR 240,100 per tonne. Aluminium ingot price has been reduced by INR 1,250 per tonne as well to INR 226,000 per tonne. On December 13, the price was slashed by INR 5,500 per tonne to INR 227,250 per tonne. Hindalco continued to reduce its aluminium ingot and aluminium products prices in response to the back-to-back decline of the...
On December 15, 2022, the luxury automotive giant Mercedes-Benz and global leader in low-carbon aluminium production, Norsk Hydro, announced that latter will supply the German automaker with low-carbon aluminium for a range of models from 2023, including its electric EQ models, as the luxury carmaker plans to decarbonise its supply chain. The Mercedes-Benz brand already uses Hydro-supplied components and aims to become carbon-neutral by 2039 and use near-zero carbon aluminium by 2030. The electric car manufacturers are eyeing more aluminium usage to make them lighter to increase the vehicle's mileage, and the batteries contain lightweight metal. Markus Schaefer, the Chief Technology Officer at Mercedes-Benz, said, "This is an important signal to accelerate change in the aluminium industry...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production in November 2022 escalated by 9.4 per cent year-on-year as power restrictions eased, allowing some regions to ramp up output and small smelters to commence operations. NBS data showed China produced 3.41 million tonnes of primary aluminium in November'22, which, however, was down by 1.16 per cent month-on-month from 3.45 million tonnes. China’s primary aluminium production had grown consistently in each month of 2022 compared to the previous year when electricity consumption restrictions caused significant declines in output. Along with the production, demand for the metal has also increased this year, especially in the construction and transportation sectors after China relaxed its COVID19 –related...
NKT, a global supplier of turnkey solutions for AC/DC cables, has kept the torch burning with its relentless contribution to making lower carbon footprint products and solutions. Recently it has allocated its Falun facility in Sweden to create and install low-carbon aluminium and polyolefin 1 kV power cables. The Falun unit runs on 100 per cent renewable energy, and the organisation will manufacture low-carbon aluminium and polyolefins with the amenities available. For NKT, this project is a very definitive move that helps decrease the carbon footprint of its power cable solutions. The company also boasts of making the world's first HVDC power cable applying low-carbon copper. The Executive Vice President and Head of Applications in NKT, Will Hendrikx, quoted: "This is a game changer in...
