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 world primary aluminium market has been eventful this week right from reporting a hike in the LME aluminium benchmark price to marking five successful decades of the Gulf Aluminium Industry. Both LME aluminium cash (bid) price and LME official settlement price increased this week starting at US$ 2,425 per tonne on July 19. On Tuesday, July 20, the prices inched down marginally by US$ 0.50 per tonne to stand at US$ 2,424.50 per tonne. On Wednesday and Thursday, both the prices grew to US$ 2,432 per tonne and US$ 2,449 per tonne, respectively. To know more: https://www.alcircle.com/news/lme-aluminium-price-grows-for-the-second-day-in-a-row-to-us2449-t-shfe-price-gains-us32-t-to-us2985-t-68898 China’s A00 aluminium price, on the other hand, trended down this week to RMB 19,060 per tonne,...
The Norwegian Aluminium company and renewable energy company and also one of the largest aluminium companies worldwide, Norsk Hydro ASA posted Q2 2021 adjusted EBITDA of NOK 6,598 million, up from NOK 2,794 million in the same quarter previous year. The continued global economic recovery is supporting increased demand for aluminium and aluminium products. Hydro Aluminium Metal and Hydro Extrusions business areas reported record quarterly results. The rise in all-metal prices and volumes in aluminium metal, improved margins and volumes in Extrusions and better results from Hydro Energy contributed positively to adjusted EBITDA. These positive elements were partly offset by higher raw material costs upstream and negative currency effects. The Q2 reflected a continuation of the global...
On 22nd July 2021, 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. In 2019, Mr Naveen Patnaik laid the founding stone of the Refining project, however, it is a spearheading facility for the treatment and processing of aluminium dross. Speaking at the ceremony, Naveen Patnaik, Chief Minister of Odisha said: “Odisha is fast emerging as the manufacturing hub of Eastern India and has enabled the growth of industries in the state. We have always endeavoured to provide a hassle-free and smooth business environment for the investors in Odisha. I congratulate everyone on this auspicious occasion and assure continued facilitation...
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot price by INR 4,000 per tonne with effect from Friday, July 23. This has brought the price to INR 211,250-214,750 per tonne versus INR 215,250- 218,750 per tonne on last Saturday, July 17. NALCO’s aluminium billets price has also seen a plunge of INR 4,000 per tonne or 1.86 per cent from INR 218,700- 221,350 per tonne on July 17 to INR 214,700-217,350 per tonne on July 23. Meanwhile, NALCO’s aluminium wire rod price has witnessed a cut of INR 5,000 per tonne or 2.2 per cent on July 23. The price is thus hovering around INR 213,750-218,100 per tonne in comparison to INR 218,750- 223,100 per tonne on July 17. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to...
The Iraqi analysts who support their country stated that Poverty, unemployment, and a lack of local industry continue to plague Iraq's economy, and the resulting public unrest could be dangerous. Oil price volatility and COVID-19 have increased Iraq’s economic distress and deepened existing economic and social fragilities. However, with global oil markets trends turning positive, the outlook for Iraq is set to improve. The political situation in Iraq remains extremely unstable, even though the war was officially declared as over in December 2017. The Western Asian nation, Iraq has imported 21,534 tonnes of aluminium foil during 2018-20 and the foreign revenue expended for the import accounted for $51.63 million. In 2018, the Iraqi import of aluminium foil was recorded 2282 tonnes only and...
CCL Container has teamed up with Pathwater to manufacture its 100% recyclable aluminum bottled water containers. The demand for eco-friendly products is driven by convenience and functionality. CCL Container is North America’s leading manufacturer of recyclable aluminum packaging, while Pathwater is a sustainable bottled water company. CCL partnered with Pathwater to end single-use plastic bottles. “We are proud to partner with Pathwater in creating a truly sustainable container for the bottled water market,” said Kimberly Kizer, Vice President of Sales for CCL Container. “Our refillable aluminum bottles are functional and attractive, encouraging customers to reuse each bottle infinitely. And we use virgin aluminum, the bottles are highly recyclable whenever the consumer is ready to...
Rusal, the world's leading aluminium producer, has presented its annual Sustainability Report for 2020, highlighting that the COVID-19 pandemic reaffirmed the company’s commitment to its sustainable development agenda and also prepared the firm to respond to global challenges by offering timely and effective assistance to local communities. To combat COVID-19, Rusal built large-scale medical centres in Achinsk, Boguchany, Bratsk, Krasnoturinsk, Sayanogorsk, Taishet, and Shelekhov, with a total cost of about 4 billion rubles. Simultaneously, Rusal’s long-term social programme called “Rusal Territory” reached another momentum. Since 2010, the programme has consistently improved the quality of life in territories where Rusal holds its presence. Rusal also became one of the world’s leading...
South32 Limited announced long-term energy supply agreement has been finalized for its Hillside Aluminium smelter. South Africa’s National Energy Regulator has approved a deal between Eskom Holdings SOC Limited (Eskom) and Hillside. The smelter will receive energy until 2031, under a tariff that is South African rand based with a rate of escalation linked to the South Africa Producer Price Index. With the new tariff agreed, the smelter remains competitively positioned on the global smelter cost curve. South32 Chief Executive Officer, Graham Kerr said “We welcome the new agreement which further extends the long-term working relationship between South32 and Eskom. Hillside has been a major Eskom customer for 25 years and this agreement provides power cost certainty for a further ten years,...
Lindian Resources Limited has in excess of one billion tonnes of bauxite resources in the Republic of Guinea, which the company is contemplating to turn into production. Guinea is the world’s second-largest bauxite producer after Australia and the leading supplier of bauxite ore into China. In 2020, Guinea exported 83 million tonnes of bauxite, an increase of 388 per cent from 2014. According to Asimwe Kabunga, chairman of Lindian, the company could play a major role in the global aluminium supply chain for many years in the future. He said, “We are really excited, we think we have a huge opportunity here. With more than one billion tonnes of bauxite, it is a very long-term proposition.” “All three of our projects have JORC resources, there is no more drilling to be done - unless we wish...
SMM aluminium ingot price increased by RMB 270 per tonne from Thursday. The price stood at RMB 19330 per tonne on Friday, July 23, 2021, from RMB 19060 per tonne. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price inched up by RMB 270 per tonne and RMB 265 per tonne to stand at RMB 19410 per tonne and RMB 19325 per tonne on Friday, July 23, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19330 per tonne and 19350 per tonne, up RMB 260 per tonne and 275 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 19330 per tonne, RMB 19310 per tonne, RMB 19310 per tonne, and RMB 19230 per tonne on Friday, July 23, 2021. The aluminium alloy (ADC12) price rose RMB 200 per tonne to...
Three-month LME aluminium rose 0.33 per cent to close at US$ 2,465.50 per tonne on Thursday, July 22. LME aluminium cash (bid) price and LME official settlement price increased for the second day in a row by US$ 17 per tonne to come in at US$ 2,449 per tonne on Thursday, July 22. 3-months bid price and 3-months offer price climbed by US$ 13.50 per tonne to stand at US$ 2,462.50 per tonne. Dec 22 bid price and Dec 22 offer price grew from US$ 2,437 per tonne to US$ 2,446 per tonne. LME aluminium opening stock continued to decrease from 1434125 tonnes to 1430200 tonnes. Live Warrants totalled 891750 tonnes, while Cancelled Warrants closed at 538450 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,458.13per tonne as of July 22. SHFE Aluminium Price Trend Benchmark...
The global car manufacturing companies are required to do more to address the exploitation of human resources in their aluminium supply chains and the bauxite mines, including the destruction of farmland, damage to water sources and excessive greenhouse gas emissions that affect communities in Africa, Asia and South America they source from, as reported by Human Rights Watch and Inclusive Development International. In 2019, the carmakers used nearly a fifth of all aluminium consumed worldwide, while it is predicted by 2050 the consumption of aluminium will double in volume, as the car industry’s transitions to electric vehicles. The 63-page report “Aluminium: The Car Industry’s Blind Spot – Why Car Companies Should Address the Human Rights Impact of Aluminium Production,” chronicles the...
Taiwan’s imports of aluminium scrap from the US stood at 2,640 tonnes in April 2021, with a year-on-year decrease of 13.73%. Taiwan had imported 3,060 tonnes in April 2020. On a month-on-month basis, imports increased by 9.54% from 2,410 tonnes in March 2021, as updated by the US Census Bureau. In January-April, Taiwan imported 10,000 tonnes of aluminium scrap, from 13,000 tonnes imported in the January-April 2020. This marked a drop of 23% year-on-year. Taiwan’s imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US stood at 3,270 tonnes and 13,000 tonnes in April 2021 and January-April 2021. That was down from 3,900 tonnes and 15,900 tonnes in April and January-April 2020. On a monthly basis, aluminium scrap imports from the US climbed by...
In 1971, Aluminium Bahrain initiated its operations and produced the first aluminium ingot in the whole of the Gulf region, flagging the inception of a program of industrial diversification which was considered as bright and aspiring. At present, GCC countries are listed proudly to be the home to some of the largest, ultra-modern, state of art technology-driven and environmentally friendly Aluminum production facilities. The success stories of primary aluminium production have made way for the commencement of many aluminium downstream industries and a variety of revolutionary ancillary businesses. Together the whole industry contributes to the region's economic affluence and adaptability. The industry commenced from an elementary capacity of 120,000 tonnes of primary Aluminum per annum to...
On 19th July 2021, the organizations that emerge for their financial performance during 2010-2020 were honoured at the Awards Ceremony for the Greek business, "Protagonists of the Greek Economy", organized for the sixth time by the Direction Business Network. The awards were honoured based on the official financial data of the companies as reflected in their financial reports and are presented in detail in the publication "The Strong of the Greek Economy", which has just been released and is also dedicated to the decade 2010-2020. The Greek aluminium extrusion company, COSMOS ALUMINUM SA, with the high performance it has shown in the past decade, deservedly is among the elite of the companies that stood out. COSMOS ALUMINUM SA was also awarded the Solidarity Excellence Award for its...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 0.9% 1,200 tonnes from the previous week to 119,600 tonnes on Thursday, July 22, 2021. Aluminium billet outbound volume fell by 1,800 tonnes to 46,500 tonnes last week. The chart below indicates the current status of aluminium billet inventories across China in more details: Stocks in Foshan, Changzhou and Nanchang fell this week, standing at 52,300 tonnes, 14,000 tonnes and 22,150 tonnes on Thursday, July 22. That was down by 2,700 tonnes, 100 tonnes and 1,950 tonnes from 55,000 tonnes, 14,100 tonnes and 24,100 tonnes on July 15. The inventories of billets in Wuxi and Huzhou increased. Among them, Huzhou stocks increased the most, with inventories increasing by...
Social inventories of primary aluminium in China have continued to fall this week by 23,000 tonnes across eight major consumption areas, including the SHFE warrants, found the Shanghai Metals Market. Data shows the inventories have thus come in at 809,000 tonnes as of Thursday, July 22, compared to 832,000 tonnes last week on July 15. Last week, China’s primary aluminium inventories declined 26,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have decreased by 13,000 tonnes to come in at 280,000 tonnes, while the inventories in Nanhai have plunged by 12,000 tonnes to stand at 212,000 tonnes, learned SMM. In Shanghai and Hangzhou, primary aluminium inventories...
According to a recent report, 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 production unit in Poland, investing Euro 29.1 million in total. Stora Enso will invest Euro 17 million into a new repulping line that will recover carton fibres, while Tetra Pak will invest Euro 12.1 million to build an additional line to recover and separately recycle polymers and aluminium, using a patented separation technology. Both the lines are expected to be operational in the beginning of 2023 to triple the annual recycling capacity of used beverage cartons in Poland from 25,000 tonnes to 75,000 tonnes....
