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 closed 0.94 per cent higher to stand at US$ 2,586.50 per tonne on Thursday, August 5. LME aluminium cash (bid) price and LME official settlement price rose by US$ 8 per tonne to stand at US$ 2,583.50 per tonne on Thursday, August 5. 3-months bid price and 3-months offer price grew from US$ 2,508.50 per tonne to US$ 2,589 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,563.50 per tonne, up by US$ 10.50 per tonne from the previous day. LME aluminium opening stock declined from 1363475 tonnes to 1355600 tonnes. Live Warrants stood at 830825 tonnes, while Cancelled Warrants stood at 524775 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,575.93 per tonne as of August 5. SHFE Aluminium Price Trend Benchmark aluminium price...
On 5 th August 2021, Qatar Aluminum Manufacturing Company, a 50% joint venture partner in Qatar Aluminum Company (Qatalum), reported a net profit of QR 288 million for H1 2021, with earnings per share (EPS) of QR 0.052. Abdulrahman Ahmad Al-Shaibi, Chairman of the Board of Directors, QAMCO while commenting on the financial and operational performance for H1 2021 said: “We benefitted from a strong sequential macroeconomic recovery coupled with supply constraints, which translated into healthier demand for our premium products, resulting in an improved set of financial results, since QAMCO’s incorporation. While macro-conditions remained buoyant, we continued to rely on our core business values, the flexibility of operations, supported by efficient supply chain and persistent cost...
Hindalco Industries Limited has further slashed its aluminium products price today. With effect from Thursday, 05 August 2021, aluminium billets and wire rods prices stand at INR 229,100 per tonne and INR 233,100 per tonne. This marks a drop of INR 2,000 per tonne from INR 231,100 per tonne and INR 235,100 per tonne on August 4. Aluminium ingots price has come in at INR 222,000 per tonne on Thursday, 05 August 2021, marking a decline of INR 2,000 per tonne from INR 224,000 per tonne on August 4. 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$ 2595.5 per tonne on August 3 from US$ 2635 per tonne on August 2. Aluminium operations of the company, excluding those of its US...
The global leading aluminium giant, RUSAL, has been listed among the top 100 Best Emerging Market performers ranking by a global leader in ESG assessments, data, research, benchmarks and analytics, V.E (Vigeo Eiris) based on its sustainability credentials. The companies incorporated in the index span multiple industries, from Building Materials to Telecommunications to Mining & Metals, and have attained the highest sustainability scores across six key areas of corporate environmental, social and governance responsibility, namely: Environment, Human Rights, Human Resources, Community Involvement, Business Behaviour and Corporate Governance. Rusal is the largest low carbon aluminium producer to be listed in the ranking, however, 843 companies from 36 sectors and 31 countries were analysed,...
Bengaluru-based Mean Metal Motors has introduced a brand new Azani model as India’s first-ever all-electric hypercar. Built around a skateboard aluminium spaceframe chassis, the all-new Azani model has a futuristic design and boasts performance figure. According to the automaker, the Azani can sprint from 0-97km/h in 2.1 seconds, thanks to its 1,000hp electric powertrain. The car features a two-door coupe with a closed grille, a sloping roofline, flared wheel arches, sleek headlights as well as taillights, and blacked-out multi-spoke alloy wheels. Mean Metal Motors is using modular components for the new model of Azani, aiming to set up micro-facilities to manufacture its product and use Artificial Intelligence at various levels to increase efficiency and reduce costs. The model has...
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. Last week, on July 29, primary aluminium inventories stood at 758,000 tonnes, declining by 51,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Gongyi, primary aluminium inventories have seen the sharpest decline this week by 17,000 tonnes to 39,000 tonnes, while the inventories in Nanhai have decreased by 5,000 tonnes to come in at 195,000 tonnes as of August 5. In...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China registered a hike of 4,200 tonnes from the previous week to stand at 103,200 tonnes on Thursday, 05 August 2021. The stocks are expected to increase next week. Aluminium billet outbound volume reduced by 7,100 tonnes to 46,100 tonnes last week due to less downstream purchases. The chart below indicates the current status of aluminium billet inventories across China in more details: Huzhou saw a significant increase of 4,000 tonnes on the week, standing at 11,000 tonnes on Thursday, 05 August 2021. Inventories of aluminium billets in Wuxi and Changzhou climbed by 870 tonnes and 1,300 tonnes to stand at 17,280 tonnes and 10,700 tonnes on Thursday, from 16,410 tonnes and 9,400...
According to FocusEconomics, the economic conditions of Angola remained challenging in Q1 2021, with GDP contracting 3.4% Y-o-Y amid the persistent impact of the Covid-19 pandemic. GDP is projected to bounce back to growth this year: The global vaccine rollout and the subsequent easing of restrictions should unchain pent-up demand. The Southern African nation, Angola during 2018-20 imported 2078 tonnes of aluminium household articles and the expenditure that occurred for the importation was accounted for $9.48 million. In 2018, the import of household articles for Angola was recorded at 210 tonnes of aluminium household articles and the foreign exchange expended was $2.09 million, whereas, in 2019, the import volume revealed a sharp rise by 1439 tonnes, as the import demand escalated by...
Vedanta Limited has continued to decrease its aluminium ingot and aluminium product prices for the second straight day by INR 2,000 per tonne. With effect from Thursday, August 5, Vedanta’s aluminium ingot price has been reduced to INR 222,500-235,500 per tonne from INR 224,500-237,500 per tonne a day ago. Vedanta’s aluminium billet price has also seen a cut of INR 2,000 per tonne or 0.86 per cent from INR 232,500 per tonne on August 4 to INR 230,500 per tonne as of August 5. The company’s aluminium wire rod price has come in at 230,000-237,500 per tonne with effect from August 5, after being cut by INR 2,000 per tonne from INR 232,000-239,500 per tonne. Vedanta limited links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal...
Podback has teamed up with ODS and Oxford City Council to allow residents to recycle their coffee pods using their kerbside recycling collection service. Oxford residents can recycle both plastic and aluminium coffee pods using free collection bags provided by Podback, which will commence on 9th August. Those who cannot access a kerbside service, a Collect+ service is available that allows consumers to drop off filled bags to a Collect+ store. The Podback scheme was created in partnership with Nespresso, Nescafe Dolce Gusto and Tassimo. Research, conducted by YouGov, revealed that 35 per cent of coffee pod drinkers are unaware that pods can be recycled, while 90 per cent users believe that they’d like to be able to recycle their coffee pods through their usual household recycling....
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 and increased regional premiums. On Wednesday, August 4, the company unveiled its Q2 financial and operational results, wherein it also reported a net loss of $35.1 million compared to $140 million in Q1. That was an improvement of $104.9 million sequentially. Century stated its adjusted net loss at $27.3 million for 2Q2021, improved by $25.2 million sequentially. Adjusted EBITDA was $34.4 million, an increase of $54.1 million from the prior quarter primarily driven by higher prices of primary aluminum and increased regional premiums. Shipments in Q2 2021, however, decreased from 195,697 tonnes in Q1...
Wheels India has announced the commencement of cast aluminium wheels production at its new facility at Thervoy Kandigai. The company has also started to export these products the US market, said S Ram, Chairman of Wheels India while addressing shareholders at the 62nd AGM. He added that the demand for forged aluminium wheels is rising in export markets. The market for passenger vehicle is likely to show reasonable growth in 2021. “The increasing adoption of aluminium wheels on passenger vehicles will limit the growth of steel passenger car wheels. Wheels India has started production of cast aluminium wheels at the new plant in Thervoy Kandigai, near Chennai and started export of these wheels to the US market. Also, we are seeing a strong demand for forged aluminium wheels in export...
The Australian energy and emissions reduction minister, Angus Taylor has alerted that the European Union is attempting to implement a carbon tax on imports, which would be unfavourable to Australia’s export industry. The Energy Minister prompted against a ‘new wave’ of European protectionism that would seriously dent Australia’s export industry on which a huge portion of its economy depends. According to the Observatory of Economic Complexity (OEC), Australia attracts around $284 billion from its export products, while its service exports inflows around $75.6bn Taylor said: “At a time when liberal democracies are working together to rebuild confidence in the benefits of free and open trade, a new wave of protectionism now threatens to sweep across the world.” Lately, the European Union...
Three-month LME aluminium declined 1% to end at US$2,562.5 per tonne on Wednesday. As of Wednesday August 4, LME aluminium cash (bid) price stands at US$ 2575.50 per tonne, LME official settlement price stands at US$ 2575.50 per tonne; 3-months bid price stands at US$ 2580.50 per tonne, 3-months offer price is US$ 2580.50 per tonne; Dec 22 bid price stands at US$ 2553 per tonne, and Dec 22 offer price stands at US$ 2553 per tonne. The LME aluminium opening stock stood at 1363475 tonnes. Live Warrants totalled 830825 tonnes and Cancelled Warrants were 532650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2593.53 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 3051 per tonne on Thursday, 05 August, 2021. The...
After decreasing for the past three consecutive days from RMB 19,850 per tonne to RMB 19,730 per tonne, A00 aluminium ingot price in China has inched up by RMB 10 per tonne on Thursday, August 5. According to SMM data, the primary aluminium ingot price is standing at RMB 19,740 per tonne, with average prices estimated to range between RMB 19,720 per tonne and RMB 19,760 per tonne and spot contract is likely to be traded at a premium price of RMB 60-20 per tonne. In Foshan and Linyi, A00 aluminium ingot price has increased by RMB 50 per tonne to settle at RMB 19,890 per tonne and RMB 19,780 per tonne, while the price in Chongqing has grown by RMB 35 per tonne to stand at RMB 19,770 per tonne. In Gongyi, Wuxi, Hangzhou and Tianjin, primary aluminium price has gained RMB 20 per tonne, and...
Hindalco Industries Limited has cut its aluminium products price by more than 1%. With effect from Wednesday, 04 August 2021, aluminium billets and wire rods prices have come in at INR 231,100 per tonne and INR 235,100 per tonne, which indicates a decline of INR 2,500 per tonne from INR 233,600 per tonne and INR 237,600 per tonne on July 31. Aluminium ingots price stands at INR 224,000 per tonne on Wednesday, 04 August 2021, from INR 226,500 per tonne on July 31. This reflects a slip of INR 2,500 per tonne. 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$ 2595.5 per tonne on August 3 from US$ 2635 per tonne on August 2. Aluminium operations of the company, excluding those...
On 4 th August 2021, the subsidiary of Aditya Birla Group’s Hindalco Industries’, Novelis Inc., the world leader in aluminium rolling and recycling, reported net income attributable to its common shareholder of $240 million in the Q1 FY2022 compared to a net loss of $79 million in the prior-year period. However, net income from continuing operations increased to $303 million compared to a net loss of $61 million in the existing year, which had been negatively impacted by the COVID-19 pandemic and acquisition-related special items. Excluding special items in both years, Q1 FY 2022 net income from continuing operations of $260 million is up significantly compared to $22 million in the previous year, driven mainly by higher after-tax Adjusted EBITDA. Novelis posted a rise in net sales by 59%...
According to a recent report, FYI Resources (FYI) and Alcoa Australia have extended their exclusive agreement period for possible high purity alumina (HPA) joint venture. The companies started correspondence with each other over the potential partnership in May. Within three months’ time, due diligence has been completed and substantial progress has been made with negotiations on the key terms and structure of the possible joint venture. FYI sees this JV highly potential to be turned into a material global HPA business in the high-tech energy materials sector. FYI and Alcoa have mutually decided to extend the agreement for another month as they continue to assess broader development and future growth options for the project. Both the companies believe the short extension is essential to...
