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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Three-month LME aluminium dropped 0.12% to end at US$2,583.5 per tonne last Friday. As of Friday August 6, LME aluminium cash (bid) price stands at US$ 2618.50 per tonne, LME official settlement price stands at US$ 2618.50 per tonne; 3-months bid price stands at US$ 2621.50 per tonne, 3-months offer price is US$ 2621.50 per tonne; Dec 22 bid price stands at US$ 2581.50 per tonne, and Dec 22 offer price stands at US$ 2581.50 per tonne. The LME aluminium opening stock stood at 1353050 tonnes. Live Warrants totalled 835825 tonnes and Cancelled Warrants were 517225 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2603.00 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 3074 per tonne on Monday, 09 August, 2021. The...
The average alumina spot price in China has opened the week on Monday, August 9, with an increase of RMB 11 per tonne to RMB 2,603 per tonne. This marks the second consecutive day of hike, following a rise of RMB 8 per tonne from RMB 2,584 per tonne to RMB 2,592 per tonne. In Shanxi and Shandong, alumina spot price has grown by RMB 25 per tonne and RMB 20 per tonne to come in at RMB 2,635 per tonne and RMB 2,600 per tonne, respectively. Australian alumina FOB price has, however, remained restrained at RMB 300 per tonne. A00 aluminium ingot price, on the other hand, has decreased by RMB 20 per tonne to stand at RMB 19,890 per tonne on Monday, August 9. The average prices are expected to range between RMB 19,870 per tonne and RMB 19,910 per tonne, with spot contract likely to be traded at a...
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium product prices with effect from Friday, August 6, following a sharp hike in the previous week. NALCO’s aluminium ingot price is currently ranging between INR 221,850-225,350 per tonne, down by INR 3,400 per tonne from 225,250-228,750 on July 31. NALCO’s aluminium wire rod price has also seen a cut of INR 3,400 per tonne with effect from August 6 and has come in at INR 224,350-228,700 per tonne. On July 31, the price was at INR 227,750-232,100 per tonne. NALCO is now selling its aluminium billets at INR 225,300-227,950 per tonne in comparison with INR 227,750-232,100 per tonne on July 31. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the...
The global aluminium end-user segment further displays the June Quarter results this week, positioned with a higher reach in revenue; however, investments remain in the sector. The American company headquartered in Colorado, Ball Corporation reported net earnings of $202 million on sales of $3.5 billion in the second quarter of 2021, compared to $94 million net earnings on sales of $2.8 billion in 2020, while the company has commenced production of Pittston, Pennsylvania, beverage can manufacturing facility. On the other part of the world, the Russian aluminium giant, Rusal unveiled the first consignment of lighting poles made of aluminium alloys to the domestic market, in partnership with the Krasnoyarsk Metallurgical Plant (KraMZ) and Alluminate Company. On 31st July 2021, India’s...
Primary aluminium sector witnessed some major developments last week. The week saw some of the biggest aluminium producers- Hindalco, NALCO and Qatalum announcing their financial results. Let's explore: Vedanta Aluminium Business purchased 354 million units of solar and non-solar renewable energy primarily from Green Term-Ahead Market (GTAM) at IEX. The renewable energy will be used for its aluminium production unit at Jharsuguda, in Odisha. To know more: https://www.alcircle.com/news/vedanta-aluminium-procures-354-million-units-of-renewable-energy-becomes-indias-largest-green-power-purchaser-68996 Century Aluminum Industry has reported net sales of $528 million for the second quarter of 2021 ended on June 30, an increase of 19 per cent from $444 million driven by higher aluminum prices...
The global downstream aluminium sector remained in the front foot during this week. The June Quarter and H1 results are getting on-boarded and almost each and every company is booking profit with a record rise in revenue rooted to the worldwide surge in aluminium prices. The American Industrial company, Novelis Inc. headquartered in Atlanta, Georgia, United States and is a subsidiary of Indian metal manufacturing company Hindalco Industries reported net income from continuing operations of $303 million, up 597% YoY for Q1 FY 2022. On the other side, Wheels India commenced production of cast aluminium wheels at its new facility at Thervoy Kandigai in Tamil Nadu. Hindalco Industries Limited, a subsidiary of the Aditya Birla Group is projecting to inject around INR 8,000-10,000 crore at...
Tri-Arrows Aluminum, a leading supplier of rolled aluminium sheet in the North American Market focusing on Beverage Can Sheet, has become a Production & Transformation member of ASI, bringing the total number of ASI Members to 184. The company’s products are manufactured at Logan Aluminum, a joint venture production facility between Tri-Arrows and Novelis Corporation. Tri-Arrows is owned by a consortium composed of the UACJ Corporation and Sumitomo Corporation. Tri-Arrows with operation in Louisville, KY, delivers the highest quality aluminium. “At Tri-Arrows Aluminum, we understand the greater responsibility we have to strengthen the environmental and societal well-being for future generations. The actions we take to reduce waste, to improve recycling, and to minimize emissions are core...
SMM aluminium ingot price performed lower, except Thursday and Friday. The week started with a decrease of RMB 30 per tonne to stand at RMB 19820 per tonne on Monday, 02 August. The price settled lower at RMB 19790 per tonne and RMB 19730 per tonne on Tuesday and Wednesday. But the week ended higher at RMB 19910 per tonne on Friday, 06 August, up RMB 170 per tonne from Thursday. The price is expected to move within a range of RMB 19890-19930 per tonne. According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to fall on Thursday, August 5, albeit slower than the previous week. SMM found the inventories fell 26,000 tonnes week-on-week across China’s eight major consumption areas, including SHFE warrants, to come in at 732,000 tonnes. The...
On 6 th August 2021, the flagship metal arm of Aditya Birla Group, Hindalco Industries stated that the company has reported an all-time high consolidated Q1 net profit at INR 2,787 crore, as compared to a loss of INR 709 crore in Q1FY21. The company further said that the results were navigated by a strong performance by Novelis and India Business, supported by favourable macros, strategic product mix, and stability in operations. The metal giant’s total revenue from operations stood at INR 41,358 crore, up 64% as compared to INR 25,283 crore in the year-ago quarter. Hindalco said: “The consolidated EBITDA was an all-time high at INR 6,790 crore, up 188% YoY and 16% QoQ.” “Novelis Inc. and Aluminium India Business drive its highest-ever quarterly net profits. EBITDA for Aluminium India was...
National Aluminium Company Limited (NALCO) published results for the quarter ended June 2021. The company’s net profit increased by 981.97% to INR 347.48 crore in the June quarter. Net profit was INR 16.69 crore during the quarter ended June 2020. The company reported income of INR 2506.29 crore in the quarter ended June 2021. That was up by 77.26% from INR 1413.92 crore during the quarter ended June 2020, Nalco said in a regulatory filing. NALCO is a Navratna CPSE under Ministry of Mines. The company had posted an impressive net turnover and net profit of INR 8,869.29 crore and INR 1,299.56 crore respectively in FY20-21. NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative...
Vedanta Aluminium Business has won three Gold Awards at the SEEM National Energy Management Awards (SNEMA) 2020 for excellence in energy management at its Aluminium Smelters I & II and 1215MW Captive Power Plant at Jharsuguda, Odisha. Vedanta’s 1215MW Captive Power Plant and 2400 MW Thermal Power Plant have also bagged awards at the Thermal Power Plant Operation & Maintenance Conference and Awards 2021 for overall operational excellence. Vedanta’s alumina refinery, aluminium smelters, and power plants are the forerunners in the realm of energy management, among Indian manufacturing sectors. Some of the few notable initiatives include: Vedanta emerged as India’s largest green power purchaser in Q1FY22, procuring 354 million units of solar and non-solar renewable energy for its aluminium...
According to the report by Organisation for Economic Co-operation and Development, the Dutch economy is projected to grow by 2.7% in 2021 and 3.7% in 2022, reaching pre-crisis levels at the beginning of 2022. Consumption will drive the recovery as households normalise their saving after the sharp increase in 2020. Private investment will improve, but continue to be held back by lingering uncertainty. However, Bankruptcies are expected to rise and unemployment is set to peak in the second half of 2021. The sixth most expensive nation in the European Union, Netherlands exported 143,752 tonnes of aluminium foil during 2018-20 and the earnings occurred from the export accounted for $402.24 million. In 2018, Netherlands export of aluminium foil was recorded at 19,845 tonnes and the earnings...
Maan Aluminium has presented the financial results of the first quarter of FY2022 ended on June 30, revealing a year-on-year increase of 222.98 per cent in net profit to INR 5.20 crore. In the June quarter of FY21, the company’s net profit stood at INR 1.61 crore. On a quarter-on-quarter basis, Maan Aluminium recorded a dip of 1.14 per cent in its Q1 net profit from INR 5.26 crore. Sales rose 141.74 per cent over the year to INR 120.70 crore in the quarter ended June 2021 as against INR 49.93 crore. On a quarter-on-quarter calculation, it declined 26.07 per cent from INR 163.27 crore. Maan Aluminium Limited is an India-based company. The company is engaged in the business of manufacturing of aluminium profiles and other related activities. For the full financial year 2020-21, net profit...
Ardagh Metal Packaging S.A. has announced the completion of business combination with Gores Holdings V, a special purpose acquisition company sponsored by an affiliate of The Gores Group. The combined company, which will be named Ardagh Metal Packaging S.A., will commence trading on the New York Stock Exchange on August 5, 2021 under the new ticker symbol “AMBP”. Ardagh Metal Packaging S.A. ("AMP") has received approximately $1.0 billion gross proceeds. AMP is a provider of sustainable and infinitely-recyclable beverage cans. The company is the second-largest beverage can producer in Europe and the third-largest in the Americas. “AMP is ideally-positioned to see continued benefits from the long-term megatrends of sustainability and changing consumer preferences,” said Paul Coulson,...
Ball Corporation reported net earnings of $202 million on sales of $3.5 billion in the second quarter of 2021, compared to $94 million net earnings on sales of $2.8 billion in 2020. Net earnings attributable to the corporation were $402 million for the first six months of 202i on sales of $6.6 billion compared to $117 million on sales of $5.6 billion for the first six months of 2020. "During the quarter, the company increased comparable earnings per diluted share by 32% on 13% aluminum beverage volume growth and 20% aluminum aerosol growth, and secured new aerospace contracts to achieve record backlog. In addition to global operations executing at a high level, the company started up the new Pittston, Pennsylvania, beverage can manufacturing facility, initiated further global capacity...
Aluminium Stewardship Initiative has reportedly certified Ma’aden Aluminium against the Performance and Chain of Custody Standard Certification for its vertically integrated aluminium facilities. The news came after ASI announced that it successfully certified the Middle East-based company for its bauxite mining at the Al Ba’itha mine in Qassim Province, alumina refining and smelting, aluminium remelting, and casting and rolling operations at Ras Al Khair Industrial City. The industrial facility also includes recycling operations for used beverage cans. Ma’aden’s smelter has an annual production capacity of 780,000 tonnes of aluminium, its rolling facility can produce 460,000 tonnes of can sheet, and end and tab stock for beverage cans and auto body sheet, and its remelting operations are...
The alumina price in China has registered a hike of RMB 8 per tonne after remaining flat yesterday. The price has climbed to RMB 2592 per tonne on Friday, 06 August 2021, from 2584 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Henan and Shanxi have risen by RMB 10 per tonne to stand at RMB 2620 per tonne and RMB 2610 per tonne on Friday, 06 August 2021. The prices in other major markets have remained unchanged. SMM aluminium ingot price has risen for the second day in a row, standing at RMB 19910 per tonne on Friday, 06 August, 2021, from RMB 19740 per tonne. This indicates a growth of RMB 170 per tonne. The price is expected to move within a range of RMB 19890-19930 per tonne today. The aluminium alloy (ADC12) price has increased by RMB 100 per tonne to RMB...
On 5 th August 2021, the Brazilian Aluminium Association, ABAL has appointed Janaina Donas as Executive President for the first time, while the role was previously held by Milton Rego after a seven-month recruitment process. Abal stated that most recently Donas acted as an External Relations and New Business Director for Latin America in Peru and the United States for US-based gold-copper-silver producer Newmont Corporation for almost three years. However, before this role, she was working with the American Industrial Corporation, Alcoa as Director of Government Affairs from 2012 to 2018. Janaina graduated in International Relations and has a qualified MBA with extensive corporate experience. She began her career as a political consultant, working for national and multinational companies...
