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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Three-month LME aluminium rose 1.16 per cent to close at US$ 2,448 per tonne on Tuesday. LME aluminium cash (bid) price and LME official settlement price inched down marginally by US$ 0.50 per tonne to stand at US$ 2,424.50 per tonne on Tuesday, July 20. 3-months bid price and 3-months offer price decreased by US$ 3.50 per tonne to come in at US$ 2,442.50 per tonne. However, Dec 22 bid price and Dec 22 offer price gained US$ 2.50 per tonne to settle at US$ 2,432.50 per tonne. LME aluminium opening stock continued to decrease from 1449325 tonnes to 1440350 tonnes. Live Warrants totalled 897125 tonnes, while Cancelled Warrants closed at 543225 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,434.69 per tonne as of July 20. SHFE Aluminium Price Trend Benchmark...
Dengfeng Power Group Co Ltd’s aluminium alloy unit stopped production as flooding water entered the plant, according to Reuters report. The incident occurred after water spread into a high-temperature solution in the alloy tank and caused a blast. The Dengfeng government said in a statement that no casualties were reported. The government also started safety inspection. The aluminium alloy plant, located in Central China's Henan Province, has an annual capacity of 60 000 tonnes and manufactures alloy rods, high-silicon aluminium alloy and titanium products. Dengfeng Power Group cut off power at the plant and arranged evacuations for its staff, it said. Dengfeng Meteorological Service issued a red alert for rainstorms late Monday.
Century Aluminum Company’s wholly-owned subsidiary, Norðurál Grundartangi ehf, has reportedly reached an agreement with Landsvirkjun, the National Power Company in Iceland, to extend its 161MW power contract for the next three years till 2026. The extension of contract will increase the power supply to 182 MW over time, providing the necessary flexibility to support the most recent capacity creep requirements and future growth opportunities for value-added products at the plant. Jesse Gary, Century’s President and Chief Executive Officer, said, “We are pleased to reach this agreement with Landsvirkjun. I would like to personally thank Hörður Arnarson, Chief Executive Officer of Landsvirkjun, and his team for their hard work on reaching this agreement and for Landsvirkjun’s continued...
On 20th July 2021, the aluminium dross recycler, Runaya bags a Bronze Stevie in the Innovation in Energy & Sustainability category for its breakthrough solution for mineral waste processing in Mumbai. One of India’s rapidly growing manufacturing start-ups, Runaya proudly announced that it has been named the winner of a Bronze Stevie® Award in the Innovation in Energy & Sustainability category at the 2021 Asia-Pacific Stevie Awards. Runaya is recognised with the prestigious Stevie Award for its efforts towards promoting a circular economy in the resources sector. Runaya runs a sustainability and metal recovery project, which is currently operating in Jharsuguda, Odisha, where 100% of Aluminium dross is processed into value-add products. The dross recycling facility at Jharsuguda is a...
On 20 th July, the world’s largest producer of low carbon aluminium, En+ Group published its 2020 sustainability report. The report is stuffed with details of achievements over the 12 months to 31 December 2020, tracks the progress of ongoing initiatives and programmes, and delineate significant short-term sustainability targets and long-term ambitions. Furthermore to restating En+ Group’s ongoing commitment to continuous ESG performance improvement, the report also outlines two industry-leading developments announced in early 2021, out of them one is the development of the world’s lowest carbon aluminium from inert anode technologies, while the other is Company’s stated ambition to achieve net-zero emissions by 2050. En+ Group’s 2020 highlights include: A total social investment of $71...
AlCircle is delighted to have hosted the “AlCircle Expo 2021” successfully on June 29 & 30 and is thankful for receiving enthusiastic responses from exhibitors, sponsors and attendees. It was a virtual event designed to bring aluminium industry leaders from the entire value chain under one roof. When travel is still a constraint, offering a platform suitable to expand business networks, learning new skills, and sharing success stories was our objective. As we were also committed to offering a better experience this year, the event was driven by more advanced technology and digital tools, besides video calls, exchange of digital business cards, brochures, and product demos. The Expo this year was graced by a total of 1,040 attendees from 92 different countries to interact and network with...
Vedanta has slashed its aluminium products price for the two days in a row. With effect from Tuesday July 20 2021, the prices of some aluminium ingots came in at INR 212,250-225,250 per tonne, down by more than 2% or INR 5,000 per tonne from INR 217,250-230,250 per tonne on July 16. The billets price dropped by INR 5,000 per tonne or 2.22% to INR 220,250 per tonne on Tuesday, July 20, 2021. The price was INR 225,250 per tonne on Friday, July 16 2021. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2425 per tonne on July 19 from US$ 2493 per tonne on July 16. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a...
The economy of Bulgaria is set to recoil from its Covid-19 induced contraction in 2021. Household and capital spending should inflate solidly, while development in global demand should support the external sector. However, the heightened general uncertainty and a prolonged health crisis pose key downside risks. FocusEconomics panellists see the economy expanding 4.2% in 2021, which is unchanged from last month’s estimate, and 3.6% in 2022. The Balkan nation in south-eastern Europe, Bulgaria exported 22,340 tonnes of aluminium tubes and pipes during 2018-20 and the revenue generation occurred for the export accounted for $53.47 million. Bulgaria exported 4768 tonnes of aluminium tubes and pipes in 2018 and the earnings booked was $11.53 million, whereas, in 2019, the export developed...
Fairphone has joined ASI as a new Downstream Supporter member, bringing the total number of Members to 179. The company is building a market for ethical phones and motivating the industry to act more responsibly. “Fairphone shortlisted 14 materials that show the most urgent need for intervention and provide us with the most potential to make a significant impact. Aluminum is one of Fairphone’s 14 focus materials. We therefore join ASI and aim for the integration of ASI-certified aluminum in our supply chain, in order to promote and demand responsible and sustainable material production and sourcing,” said Tirza Voss, Sustainable Materials & Mining Manager. The Aluminium Stewardship Initiative (ASI) is a global, multi-stakeholder, non-profit standards setting and certification organisation...
Hindalco Industries Limited has sharply reduced its aluminium ingot and aluminium products prices with effect from Tuesday, July 20, following the two consecutive hikes last week. Hindalco’s aluminium ingot price has witnessed a cut of INR 6,000 per tonne on July 20 to come in at INR 211,750 per tonne. On July 15, the price stood at INR 217,750 per tonne, gaining INR 2,500 per tonne from INR 215,250 per tonne on July 14. Today’s significant price cut has brought the company’s aluminium wire rod and billets prices at INR 222,850 per tonne and INR 218,850 per tonne, respectively. Both the prices are down by INR 6,000 per tonne from INR 228,850 per tonne and INR 224,850 per tonne on July 15. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of of...
The London Metal Exchange (LME) has announced the launch of a six new cash-settled futures contracts. The new cash-settled futures include lithium hydroxide, two regional steel scrap contracts, European HRC, aluminium scrap, and a duty paid European aluminium premium contract. Georgina Hallett, LME Chief Sustainability Officer, said: “We are really pleased to be delivering an important element of our sustainability strategy – which positions transparency and access as the core components for making metals the cornerstone of a sustainable future. Our lithium and scrap contracts are the product of valuable engagement with the metals and mining industry, our members and core users, as we all seek to best support the growth of the circular and low carbon economies.” The aluminium scrap...
The biggest company in the Austrian Aluminium industry sector, AMAG Austria Metall AG increases its earnings forecast for the current financial year predominantly due to the ongoing positive market trend of primary aluminium. The premium supplier of high-quality aluminium cast and flat-rolled products, AMAG has an integrated plant in Ranshofen, Austria which enables the combination of core competencies in recycling, casting, rolling, heat treatment and surface finishing uniquely. AMAG stands as a world leader in recycling, with an average of 75-80% recycled material in the input material. Now taking into consideration, the positive earnings development in H1 2021 and on-ground actual estimates for H2 2021, the AMAG management board expects an EBITDA between €155 and €175 million for the...
Three-month LME aluminium fell 2.77% to close at US$2,420 per tonne on Monday, 19 July 2021. As of Thursday July 19, LME aluminium cash (bid) price stands at US$ 2425 per tonne, LME official settlement price stands at US$ 2425 per tonne; 3-months bid price stands at US$ 2446per tonne, 3-months offer price is US$ 2446 per tonne; Dec 22 bid price stands at US$ 2430 per tonne, and Dec 22 offer price stands at US$ 2430 per tonne. The LME aluminium opening stock stood at 1449325 tonnes. Live Warrants totalled 897125 tonnes and Cancelled Warrants were 552200 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2486.07per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 2931 per tonne on Tuesday, July 20, 2021. The most-liquid SHFE...
A00 aluminium ingot price in China has continued to decrease for the second straight day to come close to RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has plunged by RMB 290 per tonne to settle at RMB 19,040 per tonne on Tuesday, July 20.The average prices are expected to range between RMB 19,020 per tonne and RMB 19,060 per tonne, with spot contract to be traded at a premium price of RMB 40-0 per tonne. Among the major Chinese cities, Wuxi has also seen a downfall of RMB 290 per tonne to stand at RMB 19,040 per tonne, while the price in Hangzhou has decreased by RMB 285 per tonne to RMB 19,050 per tonne. In Foshan and Linyi, A00 aluminium ingot price has dwindled by RMB 270 per tonne to come in at RMB 19,130 per tonne and RMB 19,050 per tonne, followed by the...
Vedanta Aluminium Business announced that the company has invited partnerships from cement industry players for using fly ash (a by-product in thermal power generation) and bauxite residue (a by-product of producing alumina from bauxite) in cement manufacturing. The company expressed its interest for long-term collaboration in a national workshop conducted with global industry experts. Fly ash and bauxite residue are ideal in cement and concrete manufacturing and provide benefits in terms of quality output, cost and sustainability. Rahul Sharma, CEO, Vedanta Aluminium Business, said: "We firmly believe that industries must develop waste-to-wealth value-chains to truly become sustainable. At Vedanta, we have made encouraging progress in this direction and intend to pursue it further....
The Greek aluminium architectural system developer, Alumil's slogan is 'building excellence every day', which outlines every aspect of the company's activities. Lately, Alumil received special recognition at the event of 'Diamonds of the Greek Economy 2021'. In 2020, during the 18 th edition of the annual forum, the healthiest and fastest-growing companies of the country were awarded. In a more specific way, these organizations stood out among the 10,000 most important companies, based on 5 economic indicators. ALUMIL is considered as the leading power for more than 3 decades in the field of aluminium applications, which received an honorary distinction for its several innovative business activities in Greece and in the international market. This award complemented the significant...
The Russian aluminium giant, RUSAL has deployed a neural network to detect the quality of aluminium ingots produced at the Irkutsk Aluminium Smelter. The latest system automatically scans the surface quality of small aluminium ingots during production. Surface defects on each aluminium ingot are examined on the casting conveyor using a video monitoring system and special-purpose software. The neural network uncovers various types of defects, such as cracks, bumps, and foreign inclusions. It saves all the information concerning the defect and is displayed as an analytical diagram, with data available regarding the number of each type of defect per day and the number of ingots that did not pass quality assurance per shift. Employees can tweak the parameters based on which ingots are found...
On Monday, July 19, Aluminium Stewardship Initiative has successfully certified REAL ALLOY against Performance Standard certification for recycling of aluminium scrap and production of recycled aluminium alloys at Deizisau, Germany plant, and at European Headquarters in Grevenbroich, Germany. The plant produces alloys to specification by converting aluminium scrap into molten metal delivered directly to customers’ foundries. The ASI Performance Standard defines environmental, social, and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of Governance, Environment and Social, which address key issues such as biodiversity, Indigenous Peoples rights, and greenhouse gas...
