Peterborough City Council in the UK has launched the Every Can Counts competition, inviting schools and community groups to turn used aluminium cans into artwork to raise awareness of recycling. The council said the UK uses around 10 billion cans each year, equivalent to about 600 per household. Recycling aluminium cans requires just 5 per cent of the energy needed to produce new aluminium, making can collection and recycling an important part of reducing energy use. Join the fourth edition of webinar " Hedging for recyclers - Become an expert in 6 hours " by Jorge Dyszel. Participants have been asked to create 3D, free-standing and easily transportable artwork based on the theme 'Our Earth, Our Planet'. Entries can be made by glueing cans together, painting them or adding decorations....
India's aluminium market is expected to record stronger demand in the second quarter of FY2026-27, with consumption estimated to reach 1.735 million tonnes, a 6 per cent increase from the corresponding period last year, according to Hindalco Industries Ltd. Growth is being driven primarily by demand from the automotive and electrical sectors, highlighting the expanding role of aluminium across key industrial applications. Hindalco's Q2 FY2027 presentation estimates Indian aluminium demand at 1.735 million tonnes, compared with 1.643 million tonnes in Q2 FY2026. The latest estimate also represents a recovery from the 1.427 million tonnes recorded in Q1 FY2027. Domestic aluminium supply and imports increase Domestic primary aluminium supply is estimated at 735,000 tonnes in Q2 FY2027,...
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The Canadian drinks production and packaging company Wildpack Beverage has agreed to acquire aluminium cans filler Vertical Distilling for $4.5 million in a cash deal. The company stated that the Colorado-based, Vertical Distilling is the ‘leading filler’ in its home territory and encircling states, establishing it as a vital region for the middle market beverage industry and inherent to Wildpack’s growth strategy. The finalization of the agreement will enable Wildpack’s expectation to see several synergistic opportunities, which comprises adding more shifts, the withdrawal of “throughput pinch points with light capital upgrades and the installation of new capabilities.” Thomas Walker, Chief Growth Officer, Wildpack, said: “We have completed two acquisitions pursuant to our previously...
The Russian ministry of economy has raised its outlook for economic growth and oil prices in 2021 and now envisages a stronger rouble, and it has also raised this year’s inflation forecast, as reported by Reuters. However, after contracting 3% in 2020, its sharpest downfall in 11 years, the Russian economy has been on the restore due to a rebound in consumer demand and high prices for oil, which is its vital export, prompting a series of upgrades to its economic outlook. The world’s largest country, Russia exported 117,127 tonnes of aluminium foil during 2018-20 and the earnings occurred for the export was $338.90 million. Russian aluminium giant Rusal is a global leader in the production of primary aluminium (low carbon). In 2018, the Russian export of aluminium foil was recorded at...
Hindalco Industries Limited has cut its aluminium products price by INR 5,500 per tonne. With effect from Tuesday, 10 August 2021, aluminium billets and wire rods prices have come in at INR 227,100 per tonne and INR 231,100 per tonne. This is down by more than 2% from INR 232,600 per tonne and INR 236,600 per tonne on August 7. Aluminium ingots price stand at INR 220,000 per tonne on Tuesday, 10 August 2021, reflecting a drop of INR 5,500 per tonne from INR 225,500 per tonne on August 7. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2547 per tonne on August 9 from US$ 2618.5 per tonne on August 6. Aluminium operations of the company, excluding those of its US arm...
In July 2021, China produced 3.28 million tonnes of aluminium, which stood 1.86 per cent higher month-on-month from 3.22 million tonnes and 5 per cent on year from 3.12 million tonnes. However, the average daily output edged lower on a month by 1 per cent to 106,000 tonnes in July. The output totalled 22.75 million tonnes from January to July, an increase of 7.65 per cent from 21.13 million tonnes during the same period last year. The dip in daily average output could be attributed to the power curtailment and flood in Henan that caused two local aluminium plants to reduce or suspend production. In early August, China’s operating aluminium capacity stood at 38.53 million tonnes a year of the existing capacity of 43.68 million tonnes per annum. According to SMM survey, aluminium liquid...
On Saturday, August 7, Guangxi Power Grid Corp sent a notice directing aluminium smelters in Guangxi region to reduce average electricity loads by more than 30 per cent by August 15. This move comes as a part of the effort to cut electricity usage during peak times, said consultancies AZ China and MySteel. This new power consumption restriction imposed on aluminium producers by southern China’s Guangxi region could temporarily shut down about half a million tonnes of annual smelting capacity, pointed out consultancies. The curbs may also exacerbate the tight aluminium supply in China, the world’s biggest producer and consumer of the metal. AZ China said about 415,500 tonnes of annual aluminium smelting capacity could be affected across six Guangxi producers. As of Monday, 85,000 tonnes...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon resources is cashed out to headway its optimistic Minim Martap bauxite project following the completion of the first phase of $6.2 million placement. The Australian company has raised more than $ 5.6 million from the issue of 70.48 million new shares priced at 8c each to new and also existing institutional and sophisticated investors while the issue of the remaining 6.77 million shares to non-executive director Peter Su is subject to shareholder approval. Canyon Resources will also use the proceeds to advance strategic projects and off-take discussions, apart from funding the feasibility study. The Central Cameroon located Minim Martap project has a resource of 1 billion tonnes grading 45.3% aluminium oxide...
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR 228,000-235,500 per tonne, compared with INR 233,500-241,000 per tonne on August 7. The company has also decreased its aluminium billet price by INR 5,500 per tonne from INR 234,000 per tonne on August 7 to INR 228,500 per tonne on August 10. With the plunge today, Vedanta’s aluminium ingot price has come in at INR 220,500-233,500 per tonne, reflecting a downfall of 2.30 per cent or INR 5,500 per tonne from the previous day. As of August 7, Vedanta’s aluminium ingot price was at INR 226,000-239,000...
SMM aluminium ingot price declined for the two days in a row. The price dropped by RMB 50 per tonne to RMB 19870 per tonne on Tuesday, August 10, from RMB 19890 per tonne on August 9. The price is expected to move within a range of RMB 19850-19890 per tonne today. In Foshan and Wuxi, the price reduced by RMB 30 per tonne and RMB 35 per tonne to stand at RMB 20050 per tonne and RMB 19865 per tonne on Tuesday, August 10. Aluminium prices in Hangzhou and Chongqing stood at RMB 19880 per tonne and 19915 per tonne, a decrease of RMB 30 per tonne and 35 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 19860 per tonne, RMB 19860 per tonne, RMB 19890 per tonne, and RMB 18800 per tonne on Tuesday, August 10. The Aluminium alloy (A356) inched down...
Three-month LME aluminium dropped 1.14 per cent to end at US$ 2,554 per tonne last night. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 71.50 per tonne on Monday, August 9, to stand at US$ 2,547 per tonne, following an increase in the previous day from US$ 2,583.50 per tonne to US$ 2,618.50 per tonne. 3-months bid price and 3-months offer price decreased by US$ 68.50 per tonne to come in at US$ 2,553 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,517.50 per tonne, down by US$ 64 per tonne from the previous day. LME aluminium opening stock declined from 1353050 tonnes to 1345850 tonnes. Live Warrants stood at 826875 tonnes, while Cancelled Warrants totalled 518975 tonnes. LME aluminium 3-months Asian Reference Price settled at US$...
On 9 th August 2021, Aluminium Fuel Cells technology developer Log 9 Materials stated that it has raised $ 8.5 million in a funding round led by Amara Raja, the makers of automobile battery Amaron. Log 9 Materials quoted in a statement that the company has set foot into an equity partnership and collaboration with Amara Raja Batteries Ltd (ARBL), a leading manufacturer of industrial and automotive batteries. However, ARBL was the prime investor in this funding round, investing $ 5 million. “Existing investors, including Exfinity Ventures and Sequoia Capital India's Surge Programme, alongside a clutch of new investors, we're also a part of the Series A+ funding round”, Log9 Material added. "The new investors have, along with the existing investors, invested around $ 8.5 million in the...
The Malaysian aluminium producer, PRESS Metal Aluminium Holdings Bhd’s Q2 2021 earnings are estimated to escalate 30%-40% to RM265-RM285 million, which is triggered by a higher London Metal Exchange (LME) spot average of $2,400 per tonne and enhanced smelting output. One of the most recognised banks of Malaysia, RHB Investment Bank Bhd stated amid the Full Movement Control Order in June, the impact was largely limited to the aluminium company’s downstream extrusion operations. Lester Siew, an RHB analyst, said: “We expect the first half of 2021 (1H21) core profit to rise 150% year-on-year (YoY) with 2Q21 forecast (2Q21F) earnings up 30%-40% quarter-on-quarter on stronger LME aluminium prices, alongside improved sales volumes as production picks up at its Samalaju Phase 3 smelter by 320...
Vedanta has increased its aluminium products price by more than 1%. With effect from Saturday, August 7 2021, the prices of some aluminium ingots have stood at INR 226,000-239,000 per tonne, an increase of INR 3,500 per tonne from INR 222,500-235,500- per tonne on August 5. The billets price stands at INR 234,000 per tonne on Saturday, August 7 2021, standing higher by 1.52% or INR 3,500 per tonne from INR 230,500 per tonne on August 5. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2618.5 per tonne on August 6, from US$ 2583.5 per tonne on August 5. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices with effect from Saturday, August 7, in line with two consecutive hikes on August 5 & 6 from US$ 2,575.50 per tonne to US$ 2,618.50 per tonne. Hindalco’s aluminium ingot price has been raised by INR 3,500 per tonne to INR 225,500 per tonne, following two back-to-back cuts on August 4 and 5. With effect from August 7, Hindalco’s aluminium wire rod price has also seen an increase of INR 3,500 per tonne to INR 236,600 per tonne. On August 5, Hindalco was selling its aluminium wire rod at INR 233,100 per tonne. Hindalco’s aluminium billets price has come in at INR 232,600 per tonne compared to INR 229,100 per tonne on August 5. Hindalco links its aluminium ingot and aluminium product prices to the...
India’s aluminium scrap imports from the United States slipped in May 2021 to come close to the import volume of March. According to the US Census Bureau data, India imported 29,600 tonnes of aluminium scrap from the US in May, which reflected a dip of 2.31 per cent month-on-month from 30,300 tonnes. In April, however, the import volume was up by 2.02 per cent from 29,700 tonnes in March. On a year-on-year calculation, India’s aluminium scrap imports from the US in May 2021 stood 606.44 per cent higher than 4,190 tonnes. Total imports during January-May amounted to 141,000 tonnes, up by 27.03 per cent from 111,000 tonnes during the corresponding period of the last year. The United States total aluminium scrap exports in May 2021 came in at 170,000 tonnes, down by 2,000 tonnes or 1.16 per...
In Q1 2021, the French GDP contracted only 0.1% Q-o-Q, after a 1.5% plunge in Q4 of 2020. The economic activity was boosted by a modest rebound in investment spending and private consumption. However, the growth rate in Q2 is impacted by the comprehensive lockdown measures imposed in April, whiles the gradual uplift of those restrictions in May and June, together with the vaccination rollout, drive to regain in the H2 of the year. According to Oxford Economics, the French economy is forecasted to grow 5.4% in 2021, after a steep 8.2% contraction in 2020. The Western European nation, France imported 612,825 tonnes of aluminium scrap during 2018-20 and the expenditure accounted for the import was reported at $690.81 million. The country also leads to being one of the largest exporters of...
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 75,000 tonnes in May 2021. The average daily output was 2,410 tonnes, unchanged from April 2021 and down 22% from May 2020. Total aluminium recovered from scrap was 257,000 tonnes in May 2021, down from April 2021. That marked a growth of 13% from revised amount in May 2020, but declined 10% from May 2019 Of this, 138,000 tonnes of aluminium was recovered from new scrap and 119,000 tonnes was recovered from old scrap. In March, the average U.S. spot market price of primary aluminium ingot was $1.37 per pound, 7% more than that in April 2021. Inventories of primary aluminium in LME-approved warehouses, including off-warrant inventories, in the United States stood at 121,200...
In July 2021, China’s alumina production came in at 6.29 million tonnes after increasing by 2.78 per cent month-on-month from 6.12 million tonnes, found the Shanghai Metals Market. According to SMM data, the output in July included 6.08 million tonnes of metallurgical grade alumina compared to 5.91 million tonnes in the previous month. The average daily output of metallurgical grade alumina in July was 196,000 tonnes, down by 0.34 per cent from 196,800 tonnes in June but up on a year by 6.71 per cent. SMM learned that the total production of metallurgical grade alumina during January-July amounted to 41.51 million tonnes, an increase of 8.28 per cent from the same period last year. The month-on-month decline in daily output during July 2021 could be attributed to the tight supply of coal...
A group of Japanese beverage sellers and retailers in recent times progressed to desert the usage of plastic bottles, substituting them with aluminium bottles and cans in a proposal to counter ocean plastic pollution, inflicting disruption with the ecosystem. Ryohin Keikaku Co., operator of retail brand Muji, the seller of 12 types of teas and soft drinks have received in aluminium cans following the April data exhibited the rate of horizontal recycling that grants for the reuse of materials in an analogous function, was considerably towering for such cans nudging to plastic bottles. As per the Japan Aluminium Association and the Council for PET Bottle Recycling, the rate of horizontal recycling for aluminium cans remains at 71.0% compared to 24.3% for plastic bottles. However, in the...
