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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According to Reuters’ quarterly poll, Turkey’s economy will augment at the rate of 5.5% annually in 2020, which is more than previously thought and close to a government forecast, although it will be a sturdy battle countering double-digit inflation in coming years. The nation spanning Western Asia and Southeast Europe, Turkey exported 52,966 tonnes of aluminium stranded wires during 2019-20 and the revenue earned from the export of the wires accounted for $121.45 million. Turkey exported 19,856 tonnes of aluminium wires in 2018 and made inflowing revenue of $50.21 million, whereas, in 2020, the export exhibited 66.75% growth, as the export volume up-surged to 33,110 tonnes and the earnings also climbed to $71.24 million. As aluminium yields a better conductivity to weight ratio than...
South32 Ltd announced a 3% quarter-on-quarter rise in aluminium production in the June quarter. Aluminium production stood at 246,000 tonnes in 4Q21. The aluminium output came in at 982,000 tonnes in FY21, from 986,000 tonnes in FY20. Hillside Aluminium saleable production decreased by 1,000 tonnes to 717,000 tonnes in FY21 as the smelter continued to test its maximum technical capacity, despite the impact to production from increased load-shedding. In June quarter, sales dropped by 12% as ongoing congestion in the global freight market led to a slipped shipment at the end of the period. “H2 FY21 Operating unit costs are expected to increase half-on-half (H1 FY21: US$1,536/t) for the smelter reflecting a stronger South African rand, and higher raw material input and freight costs,” the...
According to the International Aluminium Institute, primary aluminium production in East & Central Europe stood at 340,000 tonnes during June 2021. That was down by 11,000 tonnes or 3.13 per cent month-on-month from 351,000 tonnes but same as the output in June 2020. Production in May 2021 was, however, up month-on-month by 10,000 tonnes or 2.93 per cent from 341,000 tonnes. Total production of primary aluminium in East and Central Europe during the second quarter of 2021 came in at 1.032 million tonnes, which was 0.68 per cent higher than 1.025 million tonnes during the previous quarter. But on a year-on-year calculation, primary aluminium output in East & Central Europe was almost flat compared to 1.033 million tonnes. In the first half of 2021, primary aluminium production in East &...
Three-month LME aluminium rose 0.39% to close at US$2,457.5 per tonne on Wednesday. As of Wednesday July 21, LME aluminium cash (bid) price stands at US$ 2432 per tonne, LME official settlement price stands at US$ 2432 per tonne; 3-months bid price stands at US$ 2449 per tonne, 3-months offer price is US$ 2449per tonne; Dec 22 bid price stands at US$ 2437 per tonne, and Dec 22 offer price stands at US$ 2437 per tonne. The LME aluminium opening stock stood at 1434125 tonnes. Live Warrants totalled 897125 tonnes and Cancelled Warrants were 537000 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2438.61 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2953 per tonne on Thursday, July 22, 2021. The most liquid SHFE 2109...
The US private equity group American Industrial Partners (AIP) board spat with British industrialist Sanjeev Gupta has gone to worst. Gupta was displaced from Alvance Aluminium Duffel earlier this month and now he has successfully fought in court to be appointed back to the board on 14th July 14. Though it’s an impermanent win for Gupta, it gives him time to fetch a solution with lenders, who are trying to overtake his assets. As per the sources, on 14th July 2021, the Antwerp, Belgium based commercial court reinstated Sanjeev Gupta as head of the Alvance Aluminium Duffel BV unit. However, as of yet, there has been no comment from both parties on this issue. The American equity firm stands as the main lender to the Duffel plant, which also stressed the company into administration in the...
According to the Shanghai Metals Market, the average alumina spot price in China has increased by RMB 31 per tonne after remaining restrained at RMB 2,489 per tonne for a week. Thus, the price has come in at RMB 2,520 per tonne as of Thursday, July 22. In Henan, the average alumina price has gained RMB 40 per tonne to stand at RMB 2,530 per tonne, followed by the rise of RMB 35 per tonne in Shanxi to settle at RMB 2,545 per tonne. In Shandong and Bayuquan, alumina price has climbed by RMB 20 per tonne to peg at RMB 2,510 per tonne and RMB 2,530 per tonne, respectively. Caustic soda (32% concentration) Henan price has surged by RMB 75 per tonne to stand at RMB 2,100 per tonne, while caustic soda (32% concentration) Shandong price has inched up by RMB 10 per tonne to RMB 625 per tonne as of...
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 report: “2021 will be the year electric vehicles (EVs) will take centre-stage.” According to Million Insights, a California-headquartered market research firm said in May’20: “The EV market is expected to be valued at over $1.2 trillion by 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.” While according to International Energy Agency (IEA) in its annual global EV outlook report, released in April 2021, said: “The global electric vehicle stock...
The Greece-based industrial conglomerate MYTILINEOS made public the signing of the agreement with PPC for power supply at its metallurgy business unit Aluminum of Greece. The agreement denotes the magnificent liaison of the two leading companies of Greece and their commitment to competitive electricity costs for the energy-intensive industry, in the context of the national industrial policy to safeguard the competitiveness of Greek companies for the benefit of the national economy. Following the 60 years of uninterrupted cooperation, this will be the final contract of the two companies, as Mytilineos is highly committed to the framework of its strategy for sustainable development to reduce emissions by 30% in all its activities by 2030 and to achieve climate neutrality by 2050....
According to a recent report, China National Food and Strategic Reserves Administration will release 90,000 tonnes of aluminium from state reserves in the second batch on July 29. Companies can apply for the bidding during July 21-26. This news followed the National Development and Reform Commission’s (NDRC) statement on July 19 that China would continue to release aluminium from state reserves to lower the metal price. In the first batch scheduled on July 5-6, China sold 50,000 tonnes of aluminium. According to a report, the country took only one of two days allotted for the auction to sell the aluminium that was on offer. The aluminium was split into around 200 lots. The auction of the last lot of 250 tonnes took place at 7:52 pm on July 5, showed a notice on the bidding platform...
Mining company South32 published alumina production of 1.4 million tonnes in Q4 FY21, an increase of 17 per cent quarter-on-quarter. Alumina output was 5.36 million tonnes in FY21, compared to 5.26 million tonnes in FY20, up 2 per cent year-on-year. Worsley Alumina saleable production increased by 2% to a record of 3.963 million in FY21, with the refinery finishing the year strongly, setting a quarterly record and operating above nameplate capacity of 4.6Mtpa. “The refinery’s record performance in FY21 was enabled by improvement initiatives in the calcination circuit and record alumina hydrate production,” South32 said. The company reported Brazil Alumina saleable production stood at 1.398 million tonnes in FY21, increased by 1% as the refinery continued to benefit from strong plant...
The Brisbane based Australian exploration and mining company, Metro Mining (MMI) stood short of capital raise by around $8.64 million in the retail segment of a $25.5 million capital raising plan. The Bauxite Hills flagship project operating company planned to raise just over $15 million from retail investors through a one-for-one entitlement offer, but on 21st July 2021, Metro Mining said that investors subscribed for just under $6.5 million worth of shares. However, the mining company revealed that initial applications under the offer came in at $4.2 million, with another $2.29 million raised under a top-up facility as part of the capital-raising plan. Metro Mining has successfully raised around $17 million of its planned total, apace an institutional placement and entitlement offer...
According to the International Aluminium Institute, primary aluminium production in Africa stood at 130,000 tonnes during June 2021. That was down by 6,000 tonnes or 4.41 per cent from 136,000 tonnes in May but same as the output in April 2021 and June 2020. Africa’s aluminium production in the second quarter, from April to June, amounted to 396,000 tonnes – 11,000 tonnes or 2.86 per cent more than 385,000 tonnes in the first quarter of 2021. But on a year-on-year basis, the output in Q2 was down by 1.49 per cent from 402,000 tonnes. Africa’s aluminium production in the first half of 2021 totalled 781,000 tonnes, down by 2.86 per cent from 804,000 tonnes during the same period last year. World primary aluminium production in June came in at 5.549 million tonnes, 3.50 per cent less than...
As per the data revealed by Organisation for Economic Co-operation and Development (OECD), the South African economy is projected to rebound by 3.8% in 2021 and 2.5% in 2022. The powerful rebound at the end of 2020 has decelerated in the first half of 2021 due to a protracted second wave of the Covid-19 that has held back economic activity. The growth is projected to pick up in the second half of the year, driven by domestic demand and commodity exports. Africa’s third-largest economy, South Africa exported 64,021 tonnes of aluminium cans during 2018-19 and the foreign revenue earnings accounted for from the export was $1.206 billion. The export for 2020 remained at 28,876 tonnes and the earnings occurred was $561.22. However, when the export volume and earnings of 2020 get assorted with...
Mexico’s aluminium scrap exports to the United States in April 2021 stood at 19,900 tonnes, almost flat compared to 19,300 tonnes a month ago, found the US Census Bureau. However, the exports in March recorded a month-on-month growth of 42.96 per cent from 13,500 tonnes. On a year-on-year calculation, Mexico’s aluminium scrap exports to US in April 2021 stood 44.20 per cent higher than 13,800 tonnes. In the first four months of the year, Mexico exported 67,200 tonnes of aluminium scrap to the US, which were 20,700 tonnes or 44.52 per cent higher than 46,500 tonnes during the same period last year. Mexico’s total aluminium exports (including aluminium crude metals and alloys and aluminium plates, sheets and bars) to the United States came in at 26,900 tonnes in April 2021 – 900 tonnes or...
According to the latest data showed by the International Aluminium Institute (IAI), North America’s primary aluminium production stood at 318,000 tonnes in June 2021, a decrease of 3.64% from 330,000 tonnes in June 2020. On a monthly basis, the output slipped by 3.34% from 329,000 tonnes in May. The primary aluminium stood at 1.960 million tonnes in the first half of 2021. That marked a drop of 1.75% year-on-yea, from 1.995 million tonnes in the first half of 2020. In South America, primary aluminium production ccame in at 96,000 tonnes in June 2021. That was up by 31.51% from June 2020’s aluminium production of 73,000 tonnes but down by 3.03% from May 2021’s output of 99,000 tonnes. Primary aluminium production in South America inched up by 14.72% year-on-year to 569,000 tonnes in...
World primary aluminium production in June 2021 stood at 5.549 million tonnes, bringing the total output during the second quarter of the year to 16.842 million tonnes, found the International Aluminium Institute. Production in June reflected a month-on-month decrease of 3.50 per cent from 5.750 million tonnes, while the output in Q2 edged a quarter-on-quarter increase of 1.12 per cent from 16.655 million tonnes. On a year-on-year calculation, world primary aluminium production in June stood up by 4.54 per cent from 5.308 million tonnes, while the production in Q2 grew 5.13 per cent from 16.020 million tonnes. In China, primary aluminium production in June came in at 3.245 million tonnes, down by 3.13 per cent from 3.350 million tonnes in May but up 7.17 per cent from 3.028 million tonnes...
The South African manufacturer of specialised rolled aluminium products, Hulamin, stationed in Pietermaritzburg, KwaZulu-Natal announced that it has restarted operations after unrest tormented the country. On 12 th July 2021, the world's ultra-high-end aluminium products maker suspended its operations after the nationwide unrest following the arrest of former President Jacob Zuma. In the latest update, Hulamin said: “Property loss had been limited to the theft of a few small non-critical items and minor damage to infrastructure.” However, the group further added that from 16 th July 2021, the company resumed its operations. The company said to its shareholders: “A sense of calm prevails as Pietermaritzburg gradually returns to normal. The company acknowledges and appreciates the efforts...
SMM aluminium ingot price increased by RMB 50 per tonne after two days of decline. The price came in at RMB 19090 per tonne on Wednesday, July 21, 2021, from RMB 19040 per tonne on July 20. The price is expected to move within a range of RMB 19070-19110 per tonne today. In Foshan and Wuxi, the price rose RMB 30 per tonne each to stand at RMB 19160 per tonne and RMB 19070 per tonne on Wednesday, July 21, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19085 per tonne and 19100 per tonne, an increase of RMB 35 per tonne and 40 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 19025 per tonne, RMB 19070 per tonne, RMB 19090 per tonne, and RMB 18980 per tonne on Wednesday, July 21, 2021. The price of aluminium alloy (ZLD102) and...
