Australian mineral exploration and development company Impact Minerals is advancing its Lake Hope High-Purity Alumina (HPA) Project in Western Australia, with a pilot-scale test programme, eyeing around 20kg of 4N high-purity alumina for independent verification and potential customer evaluation. The initiative builds on earlier laboratory research and aims to validate the company’s processing flowsheet as it moves towards commercial-scale development. Edith Cowan University is constructing a pilot facility in Joondalup under a Cooperative Research Centres Projects (CRC-P) collaboration backed by the Australian Government. The facility would reinforce mineral processing, leaching and related development activities. Impact Minerals has appointed Simulus Group to oversee testing involving...
Hindalco Industries reported its highest-ever quarterly net profit of INR 75.33 billion (USD 802 million) in the second quarter of FY2027, up 59 per cent from INR 47.41 billion (USD 505 million) a year earlier, supported by stronger earnings across its aluminium, copper and Novelis businesses. Consolidated revenue from operations rose 39 per cent year on year to INR 917 billion (USD 9.8 billion) in the quarter ended September 30, 2026. EBITDA increased 42 per cent to INR 137.6 billion (USD 1.5 billion), compared with INR 97 billion (USD 1 billion) in Q2 FY2026. The company’s aluminium upstream business rose 55 per cent to INR 70 billion (USD 745 million) in quarterly EBITDA. Earnings from non-LME-linked businesses rose 50 per cent to INR 68.6 billion (USD 731 million). Copper also...
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The leading car salvage, dismantling and recycling company of Britain, SYNETIQ, has manifested it is an astute operator when it comes to recycling aluminium from its vehicles. Generally, SYNETIQ extracts more than 5200 tonnes of aluminium during the vehicle recycling process each year, which can produce around 346 million aluminium beverage cans. However, rather than fortifying the beverage business, SYNETIQ redistributes the aluminium back into the supply chain as part of its integrated, circular recycling model. This whole system is a part of SYNETIQ’s initiative called ‘Our Road to Tomorrow’, of which the key aim is to be the most trusted and sustainable business in its sector. It is all part of SYNETIQ’s initiative called ‘Our Road to Tomorrow’, of which the key aim is to be the most...
SMM aluminium ingot price registered a drop after two days of hike. The price stood at RMB 19540 per tonne on Tuesday, July 27 2019, a decline of RMB 90 per tonne from RMB 19630 per tonne on July 26. The price is expected to move within a range of RMB 19520-19560 per tonne today. In Foshan and Wuxi, the price dropped by RMB 90 per tonne and RMB 80 per tonne to stand at RMB 19670 per tonne and RMB 19545 per tonne on Tuesday, July 27, 2021. Aluminium prices in Hangzhou and Chongqing came in at RMB 19550 per tonne each, down RMB 75 per tonne and 130 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 19490 per tonne, RMB 19530 per tonne, RMB 19500 per tonne, and RMB 19400 per tonne on Tuesday, July 27, 2021. The price of aluminium alloy...
Three-month LME aluminium closed 0.16 per cent lower at US$ 2,504 per tonne in the overnight trading yesterday, with open interest decreasing 1,056 lots to 665,000 lots, and is expected to trade between US$ 2,470-2,530 per tonne. LME aluminium cash (bid) price and LME official settlement price continued to grow for the fourth day in a row by US$ 7.50 per tonne to come in at US$ 2,499.50 per tonne on Monday, July 26. 3-months bid price and 3-months offer price climbed by US$ 4.50 per tonne to stand at US$ 2,408.50 per tonne. Dec 22 bid price and Dec 22 offer price grew from US$ 2,482.50 per tonne to US$ 2,489 per tonne. LME aluminium opening stock continued to decrease from 1423525 tonnes to 1416775 tonnes. Live Warrants totalled 845500 tonnes, while Cancelled Warrants closed at 571275...
Metal and mining magnate Anil Agarwal chaired Vedanta Limited reported consolidated net profit attributable to owners of the company at INR 4,224 crore in the June quarter, a growth of 309% from the same period of the previous year on the back of increased revenue. The Covid-19 first wave was the worst hit during the same phase last year, which rooted for the Y-o-Y jump in the bottom-line, in the March quarter, the Vedanta’s consolidated bottom-line was at INR 6,432 crore. Vedanta’s top line remained strong at INR 28,105 crore in the June quarter, a surge of 79% from the same period of the previous year. Consecutively, revenues were just a marginal up from INR 27,874 crore in the March quarter. Vedanta aluminium business contributed the largest at INR 10,263 crore to the total revenue...
Kaiser Aluminum Corporation reported net sales of $741 million for the second quarter 2021 compared to $276 million in the prior year period, reflecting a 184% increase in shipments and a 5% decrease in average selling price per pound. Adjusted EBITDA stood at $59 million, up $24 million year-on-year, reflecting the higher value added revenue offset by higher manufacturing and overhead costs. “Solid second quarter value added revenue of $318 million and adjusted EBITDA of $59 million reflect the first full quarter results of our recently acquired Warrick Rolling Mill along with continued improvement in our end markets,” said Keith A. Harvey, President and Chief Executive Officer. “Our commercial aerospace end market is beginning to demonstrate positive momentum as air travel continues to...
According to the recent data released by the International Aluminium Institute, world alumina production in June 2021 stood at 11.695 million tonnes. That was a month-on-month decline of 4.26 per cent from 12.216 million tonnes but a year-on-year increase of 6.14 per cent from 10.990 million tonnes. In the second quarter of 2021, world alumina production amounted to 35.625 million tonnes, reflecting a hike of 3.93 per cent from 34.278 million tonnes in Q1 2021. On a year-on-year calculation, the 2Q2021 output was 7.81 per cent higher than 33.045 million tonnes. In H1 2021, world alumina production totalled 69.903 million tonnes, up 6.20 per cent from 65.819 million tonnes a year ago. Alumina production in China during June 2021 was 6.348 million tonnes, down by 3.23 per cent...
As per the report of the Organisation for Economic Co-operation and Development (OECD), 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 steer the recovery as households normalise their saving after the rapid rise in 2020. Private investment will improve, but continue to be held back by lingering uncertainty. Bankruptcies are expected to increase and unemployment is set to peak in the second half of 2021 following the phasing out of support measures. The North-western European nation, Netherlands exported 63,749 tonnes of aluminium cans during 2018-19 and the revenue earned from the export accounted for $244.16 million. The export for 2020 remained at 68,390 tonnes and the earnings stood at...
Metro Mining Limited has signed a binding terms with its barging and transhipping partner, Transhipment Services Australia (TSA) for a floating crane barge at the Bauxite Hills Mine. The floating crane barge, which has been newly built and commissioned, will start operational in the 4th quarter of 2021. Metro Mining Managing Director and CEO Mr Simon Wensley said: “Metro is pleased to have reached agreement with TSA for a floating crane barge to be added to the marine fleet servicing the Bauxite Hills Mine. Reducing shipping costs has been one of the major focus points for the incoming management team and conversion to Capesize vessels will significantly mitigate the risk that current ocean freight rates present. Metro greatly appreciates the initiative and support of TSA in helping to...
Australian recyclers, iQ Renew and CurbCycle, will reportedly partner with Mosman and Willoughby councils to facilitate a trial for aluminium coffee capsules recycling, which will help inform the development of a national coffee capsule recycling scheme, led by Planet Ark. Specially designed orange bags will be sent to 5000 participating households in the trial areas to collect used aluminium capsules. The participants can then place the bags in their kerbside recycling bins for collection. This initiative will provide vital insights to roll out the scheme across the country. “It is great to see this trial occurring and we want to thank all the collaboration partners for making this possible,” Planet Ark CEO Paul Klymenko said. He added, “By providing their communities with the additional...
Hindalco Industries Limited has raised its aluminium products price by 2%. With effect from Saturday, 24 July 2021, aluminium billets and wire rods prices stand at INR 223,100 per tonne and INR 227,100 per tonne, a jump of INR 4,250 per tonne from July 20’s price of INR 218,850 per tonne and INR 222,850 per tonne. Aluminium ingots price registered a hike of INR 4,250 per tonne on Saturday, July 24, standing at INR 216,000 per tonne from INR 211,750 per tonne on July 20. 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$ 2492 per tonne on July 23 from US$ 2449 per tonne on July 22. Aluminium operations of the company, excluding those of its US arm Novelis Inc, generally...
A00 aluminium ingot price in China has opened the week on Monday, July 26, with a surge of RMB 300 per tonne to come in at RMB 19,630 per tonne. The average prices are expected to range between RMB 19,610 per tonne and RMB 19,650 per tonne, with spot contract to be traded at a premium price of RMB 60-20 per tonne. In Foshan, primary aluminium ingot price has soared by RMB 350 per tonne to stand at RMB 19,760 per tonne, followed by the hike of RMB 330 per tonne in Chongqing to total RMB 19,680 per tonne. In Hangzhou and Gongyi, the price has increased by RMB 295 per tonne and RMB 250 per tonne, respectively, to stand at RMB 19,625 per tonne and 19,480 per tonne. In Linyi and Shenyang, A00 aluminium ingot price has grown by RMB 290 per tonne RMB 270 per tonne to close at RMB 19,600 per...
Three-month LME aluminium rose 1.74% to close at US$2,508.5 per tonne in the overnight trading of last Friday. As of Friday July 23, LME aluminium cash (bid) price stands at US$ 2492per tonne, LME official settlement price stands at US$ 2492 per tonne; 3-months bid price stands at US$ 2504 per tonne, 3-months offer price is US$ 2504 per tonne; Dec 22 bid price stands at US$ 2482.50 per tonne, and Dec 22 offer price stands at US$ 2482.50 per tonne. The LME aluminium opening stock stood at 1423525 tonnes. Live Warrants totalled 852875 tonnes and Cancelled Warrants were 570650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2481.35 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 3025 per tonne on Monday, July 26,...
The European Union’s new legislation, Fit for 55 which was introduced on 14th July to reduce its GHG emissions by 55% by 2030 and to net-zero by 2050. This has been highly appreciated as the EU’s climate change action transformed into law, safeguarding it from the winds of political change. It will open fresh markets for Indian industry such as for electric vehicles; however, it also instigates a definitively unfavourable policy known as the carbon border adjustment mechanism (CBAM). Since 2005, the European Union has had a carbon emission trading system, with a current market price of 50 euros per tonne of carbon. Now, with Fit for 55, the EU will drive more sectors into this trading scheme and hardens its granting of permits. The European Union’s carbon price will strive its domestic...
On 25th July 2021, Canada’s largest union in the private sector Unifor stated that about 900 workers had initiated strike action at metal giant Rio Tinto’s operations in the western Canadian province of British Columbia. On 21st July 2021, Unifor issued a 72-hour strike notice almost after seven weeks of pointless discussions over proposed changes to workers’ retirement benefits and unresolved grievances. Jerry Dias, Unifor National President, said: "This strike comes down to Rio Tinto's greed and lack of respect for our hard-working members at the Kitimat smelting facilities. Our union is fully prepared to defend our members' rights and protect good jobs in Kitimat now and in the future." Martin Mcllwrath, Unifor Local 2301 President, said; "Rio Tinto was given every opportunity to reach...
India’s largest aluminium producer, Vedanta has appointed the former CMD NALCO & currently Independent Director of BALCO, Dr Tapan Kumar Chand as Resident Director of Odisha & Chhattisgarh. Dr Chand, an alumnus of the University of Calcutta is renowned as a top mining & metal professional, who is carrying a successful track record of performance in the coal, steel & aluminium sectors. On 23rd July 2021, he has taken over the charge. The high-level appointment of Dr Chand comes at the heels, when Vedanta advancing to emerge as the second-largest producer of aluminium in the world with 3 million tonnes metal aluminium output & 6 million tonnes of alumina capacity. Currently, Vedanta is the largest producer of aluminium in India and with the demand for green metal likely to be twice in the...
This week the global aluminium industry’s downstream segment delivered some great news and definitely, it throws positive response to the market, while the week also had controversial news as American Industrial Partners (AIP) came up with a board spat with British industrialist Sanjeev Gupta on Duffel aluminium rolling plant and now it has gone to worst. On the other hand, auto companies are getting attracted to aluminium more due to their gradual shift to EVs and auto components maker Bharat Forge also gears up itself with the move. The global automotive industry is countering a lot of disarrays, counting stricter regulations on emissions steering automakers to switch to the electric vehicle segment. India’s leading manufacturer and exporter of auto components, stated in its annual...
The week witnessed announcement of India’s first zero-discharge aluminium dross processing unit in recycling sector. Some of the major highlights of the week are: India’s projected aluminium hub, Odisha’s Chief Minister Naveen Patnaik inaugurated India’s first zero-discharge aluminium dross processing unit in Jharsuguda. The facility has been developed up by Runaya Refining LLP. To know more: https://www.alcircle.com/news/odisha-india-chief-minister-naveen-patnaik-inaugurates-indias-first-zero-discharge-aluminium-dross-processing-unit-68907 Stora Enso and Tetra Pak will enter into a partnership to jointly provide circular solutions to the market. The partnership, that follows a comprehensive feasibility study, will introduce a large-scale carton repulping line at Stora Enso’s Ostroleka...
Vedanta has raised its aluminium products price by more than 2%. With effect from Saturday, July 24 2021, the prices of some aluminium ingots have risen by INR 4,500 per tonne to stand at INR 216,750-229,750 per tonne, from INR 212,250-225,250- per tonne on July 20. The billets price stands at INR 224,750 per tonne on Saturday, July 24 2021. That marked an increase of INR 4,500 per tonne from INR 220,250 per tonne on July 20. 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$ 2449 per tonne on July 22, from US$ 2432 per tonne on July 21. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium...
