German aluminium producer Trimet has proposed a series of measures to address competition concerns over Alcoa’s proposed acquisition of South32’s alumina and bauxite assets . These include the sale of integrated bauxite-mining and alumina-refining assets in Brazil or Western Australia, changes to ownership links in Alumar and MRN, and greater transparency and independent monitoring of alumina price reporting. Trimet has also asked Brazil's competition regulator, the Administrative Council for Economic Defense (CADE), to block the deal, saying it would reduce the number of independent smelter-grade alumina suppliers in the country from three to two. The company said the combined entity could control approximately 51.8 per cent of Brazil's merchant alumina sales, leaving Glencore with the...
Downstream aluminium is where geopolitics meets the shop floor. Tariffs, shipping disruption, regulation and shifting demand are deciding who rolls the metal, who gets it and what it becomes, whether a beer can, a battery housing or a length of wire. Fifteen recent developments across North America, Europe, Asia, the Middle East and Oceania depict how aluminium flat rolled products (FRPs), packaging and electric vehicle (EV) demand are being rerouted, and where traders, exporters and buyers may need to adjust. Aluminium FRP and wire: tariffs and policy redraw the flows The tariff debate has reached the bar counter. In Virginia, Democrat Tom Perriello is campaigning on aluminium tariffs that he says raise brewers’ packaging costs. Across the border, a Windsor, Ontario brewery reports its...
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Crown Holdings, Inc. (NYSE: CCK) (Crown) has announced its commitment to engage with industry partners to reach ambitious new worldwide recycling rate goals for aluminium beverage cans, in line with its Twentyby30 programme which aims to promote the circular economy. The objectives, which are expected to be accomplished by 2030, concentrate on metal's natural recyclability to support Crown's sustainability initiatives and promises to build a more responsible sector. The new goals are linked to specific regions where Crown operates, and they include: In America: United States: Raising the existing 45% average to 70% by 2030, 80% by 2040, and 90% by 2050, with aggressive targets of 70%by 2030, 80% by 2040, and 90% by 2050. Mexico: Maintaining a recycling rate of greater than 90% until 2030,...
According to the US Geological Survey (USGS), the United States imported 24,300 tonnes of US aluminium crude metals and alloys from Bahrain in November, showing a month-on-month surge of 7,100 per tonne or by 41.27%. In October 2021, 17,200 tonnes of US aluminium crude metals and alloys were imported from Bahrain, showing a hike of 4,200 tonnes from 13,000 tonnes in September 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Bahrain in November 2021 escalated by 20,140 tonnes or by 484.13% from 4,160 tonnes in November 2020. From January to November, the imported aluminium crude metals and alloys from Bahrain scored at 125,000 tonnes. For the same period last year, the amount registered at 67,100. As per the data shared by the USGS the total amount of...
On Monday, February 7, Novelis Inc., the world leader in aluminium rolling and recycling, announced its 3QFY2022 financial and operational results ended December 31, 2021, whereby it revealed the net income attributable to common shareholder at $262 million. That was year-on-year increase of 48.86 per cent from $176 million on 33 per cent higher sales to $4.3 billion in the third quarter, compared to $3.2 billion sales in the prior year period, primarily driven by higher average aluminium prices. According to the report published, the company’s net income from continuing operations increased to $259 million in 3QFY22 from $195 million in 3QFY21. However, on the other hand, flat rolled products shipments slightly dipped in Q3 FY2022 from 933,000 tonnes a year ago to 930,000 tonnes, due to...
The Indian state-owned National Aluminium Company (NALCO) has reported that its consolidated net profit excelled from 246.53% to INR 830.67 crore on an up-rise of 58.62% in net sales to INR 3773.26 crore in Q3 December 2021 in comparison to Q3 December 2020. The Profit before tax elevated 271.47% to INR 1,108.94 crore in Q3 December 2021 as against INR 298.53 crore in Q3 December 2020. Nalco’s outstanding results were streamed by sustained supply of raw material, optimized production, strategic power sourcing especially during the phase of coal crisis, better realization and effective capacity utilization of its operational units. The report revealed that total expenses leapt 29.29% to INR 2,736.12 crore with the cost of materials consumed surging 60.48% to INR 513.85 crore during the...
Three-month LME aluminium opened at US$3,090 per tonne and rose 1.52 per cent to close at US$3,134 per tonne on Monday, January 7. On the same day, LME aluminium cash (bid) price and LME aluminium official settlement price soared up by US$61 per tonne or 1.98 per cent to settle at US$3,147.50 per tonne and US$3,148 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$47.50 per tonne and US$46 per tonne to come in at US$3,110.50 per tonne and US$3,111 per tonne. December 23 bid price and December 23 offer price also scored higher at US$2,848 per tonne and US$2,853 per tonne. LME aluminium opening stock continued to decrease to 768250 tonnes. Live warrants and Cancelled warrants recorded at 413725 tonnes and 354525 tonnes. LME aluminium 3-month Asian Reference...
AlCircle is excited to announce the launch of its 9th edition of e-Magazine "Global Aluminium Foundry: Challenges and Opportunities Ahead in 2022", whereby it has addressed the key roles played by aluminium foundries in the production of aluminium products. Aluminium foundries are functionalized to create aluminium metal castings. In the casting process, aluminium is melted in a liquid state, poured into a mould, and then extracted from the mould or cast once it has cooled and solidified. Aluminium is one of the most demanded metals in the industry after steel. Owing to its versatile nature, lightweight technology, the usage of aluminium has seen a considerable hike and is considered as one of the most important metals for its recyclability factor. The e-magazine also highlights how the...
The official survey towards the activities for confirmation of commercial deposit of bauxite in the Nyinahin-Mpasaaso range in the Ashanti region commences. Rock shore Mining International with its partner company, Sahara Mining Consultants have processed to the site and started drilling the hills for ore of the mineral resource for laboratory analysis. Felix Aziz Thompson, the supervising geologist of Sahara Mining Consultants, who is in charge of the testing of the samples stated, “From my initial technical assessment, the range is endowed with commercial quantities of bauxite deposits and is thus upbeat about the fortunes for Ghana.” This has emerged following the CEO of the Ghana Integrated Aluminum Development Corporation and some officials paid for an official tour of the site....
In November 2021, the United States exported 32,600 tonnes of aluminium scrap to the Republic of Korea, which was an increase of 4,200 tonnes or 14.79 per cent month-on-month, found the US Census Bureau data. In October 2021, the United States’ aluminium scrap exports to South Korea were 28,400 tonnes, up by 13.60 per cent from 25,000 tonnes in September. On a year-on-year calculation, the United States aluminium scrap exports to South Korea in November 2021 stood 29.37 per cent higher than 25,200 tonnes. In three-month time, the United States aluminium scrap exports to South Korea totalled 86,000 tonnes. From January to November, the Republic of Korea imported 254,000 tonnes of aluminium scrap in total from the United States, which was, however, a decrease of 5.22 per cent from 268,000...
The Jamaica Bauxite Mining Limited (JBM) will create a multimillion-dollar commercial and industrial park near Lydford, St Ann, where the company's principal operations are based. Minister of Mining Audley Shaw stated that the project will begin this year, adding that the proposed commercial and industrial parks will have state-of-the-art buildings suited to handle BPO, manufacturing, retail stores, and small and big warehouses, among other things. “I'm very pleased about that because it will create more jobs for the people in St Ann and adjoining areas,” said Audley Shaw. Shaw was speaking after a visit of JBM's operational locations in the parish with State Minister J.C. Hutchinson on Friday (February 4). Shaw praised the company's "outside-the-box" thinking, saying, "It's really...
The economic recovery of Ecuador has been analysed by several economists to remain relatively weak in 2021 but forecast growth exceeding 4% in 2022, while Ecuador has managed to plug its large fiscal deficit projected to reach $4.8 billion (4.6% of GDP) in 2021— with credits and deferrals. The country’s economic freedom score is 52.4, making its economy the 149th freest in the 2021 Index. Its overall score has increased by 1.1 points, primarily due to improvement in fiscal health. Economic freedom has enhanced in Ecuador for two years in a row, as the economy has climbed a little higher in the mostly unfree category, although there is a long road ahead. The nation straddling the equator on South America’s west coast, Ecuador exported 10,322 tonnes of aluminium scrap during 2019-21,...
In December 2021, alumina production in Europe (incl. Russia) stood at 888,000 tonnes, up by 50,000 tonnes or 5.63 per cent month-on-month, found the International Aluminium Institute. In November, the output came in at 838,000 tonnes, 3.9 per cent less than 872,000 tonnes in October. On a year-on-year basis, alumina production in Europe (incl. Russia) in December 2021 stood 0.45 per cent down than 892,000 tonnes. In the fourth quarter of 2021 (October-December), alumina output in Europe (incl. Russia) amounted to 2.598 million tonnes, 1.85 per cent down from 2.647 million tonnes in Q3 2021 and 0.46 per cent less than 2.610 million tonnes in Q4 2020. Europe’s total alumina production in H2 2021 came in at 5.245 million, in contrast to 5.155 million tonnes in H1 2021. That was an increase...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850 per tonne to INR 275,850 per tonne. Hindalco’s aluminium billets price also grew by INR 2,000 per tonne on Saturday, February 5, to come in at INR 278,850 per tonne. On Wednesday, February 2, the price stood at INR 276,850 per tonne, seeing a cut of INR 2,000 per tonne. Aluminium ingot price of Hindalco is currently at INR 264,750 per tonne, since February 5, in contrast to INR 262,750 per tonne on February 2. Hindalco links its aluminium ingot and aluminium products prices to the three-month...
On 6 th February 2022, the Gulf state Bahrain’s duo industrial giants Aluminium Bahrain B.S.C. (Alba) and Bahrain Petroleum Company (Bapco) in the first-of-its-kind initiative, have signed a Memorandum of Understanding (MoU) towards joining of forces to share knowledge and collaborate on implementing Environment, Social and Governance (ESG) initiatives of common interest. The MoU was inked by Alba’s Chief Executive Officer - Ali Al Baqali and Bapco’s Chief Executive Officer - Dr Abdulrahman Jawahery at Awali Township and was attended by Alba’s Chief Power Officer - Amin Sultan, and Bapco’s Acting Deputy Chief Executive and BMP Project Director – Hafedh Al Qassab, as well as other officials from both companies. Furthermore, to due diligence for projects of common interest that are in line...
Three-month LME aluminium opened at US$3,035 per tonne last Friday, and closed at US$3,087 per tonne, up US$51 per tonne or 1.68%. On Friday, February 4, LME aluminium cash (bid) price soared up by US$28.5 per tonne or by 0.93% to close at US$3,086.50 per tonne. For the same day, LME aluminium official settlement price also hiked by US$28.5 per tonne or by 0.93% to peg at US$3,087 per tonne. 3-month bid price and 3-month offer price registered at US$3,063 per tonne and US$3,065 per tonne. December 23 bid price and December 23 offer price scored at US$2,820 per tonne and US$2,825 per tonne. LME aluminium opening stock settled at 775475 tonnes. Live warrants and Cancelled warrants for the same day recorded at 413625 tonnes and 361850 tonnes. LME aluminium 3-month Asian Reference Price...
The Aluminium Stewardship Initiative has reportedly certified Mineração Rio do Norte – MRN against the Performance Standard certification for bauxite mining operations and power generation at Porto Trombetas facility in State of Pará, Brazil. Their activities include the planning, mining, transport, processing, and river shipment of bauxite and power generation. Mineração Rio do Norte is the largest Brazilian bauxite producer and exporter, with an annual production of over 12 million tonnes per annum. Upon receiving the certification, Guido Germani, CEO of MRN, said: “The ASI (Aluminum Stewardship Initiative) certification is an important achievement for MRN, therefore, we show the market and society our commitment to a sustainable production of bauxite. We are in the middle of the...
The global aluminium industry is gradually breaking its barriers to come out of the pandemic, though still countering production curbs, lay-offs, anti-dumping incidents, etc. but also delivering high profits and dividends. As the travelling mode is still facing challenges from certain new variants of the Covid, but to keep the wheels of the business rolling, AlCircle exhibits the updated list of confirmed exhibitors & sponsors for its Expo 2022. The Romanian aluminium house Alro S.A aims to find solutions to resume electrolytic aluminium production. The aluminium smelters entail a raw material that enables the perfect chemical balance through the complicated procedure of converting alumina to aluminium metal. The booming aluminium sector of Australia primarily relies on China to keep the...
The Norwegian aluminium and renewable energy company, headquartered in Oslo Norsk Hydro holds a position among the list of “Fortune – The World’s Most Admired Companies 2022” as one of only three companies from Scandinavia. Hilde Merete Aasheim, the President & CEO of Hydro stated, “This is a great recognition of the work that is being done by our people around the globe. I am also impressed that we are one of only three Scandinavian companies on the list.” Fortune, The World’s Most Admired Companies is based on a survey that engulfs a wide range of criteria, comprising investment value, quality of management and products, social responsibility and ability towards talent retention. Norsk Hydro stands as the only Norwegian company incorporated in the list and ranks number 5 among industry...
The downstream segment of the global aluminium sector is still witnessing acquisitions and expansions, which started eventfully from the later part of the previous year. This happening ensures that the global manufacturing industry is countering and gradually recovering the dent created by the Covid pandemic. The financially distressed nation Zimbabwe was in the news due to the announcement of aluminium profiles producer and distributor Almin Metal Industries further expansion. While in the United States, Matalco Inc. acquired high-quality 6000-series aluminium billet manufacturer Ohio Valley Aluminum Co. LLC. The leading aluminium smelting and rolling mill in the world, Aluminium Norf GmbH (Alunorf) will purchase electricity from five wind parks in the state of North-Rhine Westphalia to...
