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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Kazakhstan will resist deeper integration and strengthen its ties with China and the West, while its relationship with Russia remains crucial. The country’s GDP forecast says that it will return to the pre-crisis level by the end of 2021 and the economy will pursue to be sensitive to commodity market volatility over the medium term. The Central Asian nation, Kazakhstan imported 433 tonnes of aluminium containers during 2019-20 and the expenditure occurred for the import stood at $3.79 million. In 2019, Kazakhstan’s import of aluminium containers was registered at 173 tonnes and the expenditure for the import accounted for $1.42 million, whereas, in 2020, the import recorded an impressive growth of 50.28%, as the import volume grew to 260 tonnes and the expenditure also surged to $2.37...
The National Development and Reform Commission (NDRC) said on Monday, July 19, that China would continue to release aluminium from state reserves to lower the metal price. In a rare move aimed at cooling a rally in metal prices that has moved up raw materials costs for Chinese downstream aluminium manufacturer, the country sold 50,000 tonnes of primary aluminium in only a day of two allotted for the auction. More than 200 non-ferrous fabricators attended the bidding, with sales prices about 3-9 per cent lower than market price that day, the NDRC spokesperson Yuan Da said at a press briefing. "The release initially achieved the expected goal ... targeted placement granted downstream fabricators an opportunity to replenish stocks and lower some companies' raw material costs," Mr Yuan said....
European Union is a political and economic union of 27 member states that are located primarily in Europe and released the summarized details of its carbon border tax, stressing on other nations to validate carbon pricing by 2026 instead of countering carbon border tax. The carbon tariff will apply to the energy-sensitive products imported into the EU from manufacturing countries with weaker environmental measures. Aluminium, iron and steel are among others that stand as the first contender for this carbon border tax. The EU said: “The policy is designed to stop carbon leakage and the risk companies will relocate to countries with weaker regulations.” However, multiple of the union’s trade partners are dejected by the methodology and criticized by saying “it is protectionism in a green...
Acording to the data released by the General Administration of Customs, China's imports of unwrought aluminium and products - which include primary metal and unwrought, alloyed aluminium increased month-on-month by 30% in June. Imports of unwrought aluminium and products stood at 294,081 tonnes last month. That was up from 225,458 tonnes in May. On a year-on-year basis, aluminium imports rose 1.8%. In the first six months of 2021, unwrought aluminium and products imports totalled 1.46 million tonnes, customs said, an increase of 79.2% on the year. The country began importing much higher-than-usual volumes of the aluminium from mid-2020 on higher due demand due to strong Shanghai prices. Imports of bauxite in China declined by 3% year-on-year to 10.14 million tonnes in June. That marked an...
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices by INR 1,200 per tonne or 0.55 per cent with effect from Saturday, July 17. That brought the aluminium ingot price to INR 215250- 218750 per tonne versus INR 214,050-217,550 per tonne on Wednesday, July 14. NALCO’s aluminium wire rod price came in at INR 218750- 223100 per tonne on July 17, also up by INR 1,200 per tonne from INR 217,550-221,900 per tonne. The company’s aluminium billets price also saw an increase of INR 1,200 per tonne from INR 217,500-220,150 per tonne to INR 218,700- 221,350 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which...
SMM aluminium ingot price marked a decline of RMB 80 per tonne in Monday, 19 July, 2021. The price stood at RMB 19330 per tonne, from RMB 19410 per tonne on July 16. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price dropped by RMB 60 per tonne and RMB 120 per tonne to stand at RMB 19400 per tonne and RMB 19330 per tonne on Monday, July 19, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19335 per tonne and 19325 per tonne, down RMB 110 per tonne and 80 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 19300 per tonne, RMB 19270 per tonne, RMB 19320 per tonne, and RMB 19210 per tonne on Monday, July 19, 2021. The price of aluminium alloy (ZLD102) and aluminium alloy...
On 15th July 2021, Hencon, the globally renowned engineering company delivering solutions and services to the aluminium and mining industry launched compact vacuum cleaner ‘EVY’, keeping its tagline ‘Fresh Thinking, Smart Cleaning’. Hencon is consistently progressing new improvements and sustainable solutions that emphasise efficiency, safety, maintainability, lowering the cost of ownership, and the environmental impact of its products. One of the toughest jobs in the aluminium industry is keeping the potroom clean. Now to trouble-free the industry, a special vehicle is required, performing dust-free with a high output. Here comes, the latest development of Hencon in this domain, the first serial-produced, compact vacuum cleaner EVY with just one specification. The EVY guarantees the...
Three-month LME aluminium closed Friday trading at 0.88 per cent lower. LME aluminium cash (bid) price and LME official settlement price inched down by US$ 2 per tonne to stand at US$ 2,493 per tonne on Friday, July 16. Meanwhile, 3-months bid price and 3-months offer price remained restrained at US$ 2,510.50 per tonne. Dec 22 bid price and Dec 22 offer price, on the other hand, gained US$ 0.50 per tonne to come in at US$ 2,494.50 per tonne. LME aluminium opening stock decreased from 1465775 tonnes to 1457800 tonnes. Live Warrants totalled 897275 tonnes, while Cancelled Warrants closed at 575525 tonnes. LME aluminium 3-months Asian Reference Price hovered around US$ 2,517.38 per tonne as of July 16. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE declined by US$ 26 per tonne...
Primary aluminium sector saw major developments this week. LME aluminium cash (bid) price and LME official settle price increased this week, while SMM aluminium ingot price performed higher Let's explore: European aluminium producers are seeking exclusion from the first phase of the European Union’s carbon border adjustment mechanism (CBAM), claiming that the initiative will put the industry at a competitive disadvantage to foreign rivals and do little to tackle climate change. To know more: https://www.alcircle.com/news/european-aluminium-producers-seeking-exemption-from-carbon-border-tax-68782 SMM aluminium ingot price performed higher this week. The week started with an increase of RMB 210 per tonne and RMB 100 per tonne on Monday. Aluminium price stood higher by RMB 130 per tonne on...
The past week saw Rio Tinto announcing its production results for the second quarter. Rio Tinto’s alumina production stood at 2.0 million tonnes in the second quarter of 2021, 1% higher than the corresponding period of 2020, reflecting strong operational performance at the refineries. Aluminium production came in at 0.8 million tonnes, 4% higher than the same period of 2020. Value-added product sales have improved to 50% in the first half of 2021 (first half 2020: 40%). To know more: https://www.alcircle.com/news/rio-tintos-q2-alumina-production-slightly-up-due-to-strong-operational-performance-at-the-refineries-aluminium-output-rises-4-68838 Concord Resources Holdings Limited has acquired the majority ownership in New Day’s principal holdings, which include its Noranda Alumina refinery...
Vedanta has cut its aluminium products price after raising it for the two days in a row. With effect from Friday July 16 2021, the prices of some aluminium ingots stood at INR 217,250-230,250 per tonne, a drop of by INR 1,250 per tonne from INR 218,500-231,500 per tonne on July 15. The billets price stands at INR 225,250 per tonne on Friday, July 16 2021. This marks a decrease of 0.55% or INR 1,250 per tonne from INR 226,500 per tonne on July 15. 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$ 2493 per tonne on July 16 from US$ 2495per tonne on July 15. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake...
The aluminium end-user segment unfolded some of the best news from across the world. The American multi-national and the world's leading provider of innovative, sustainable aluminium packaging for beverage, personal care and household products, Ball Corporation intends to expand increase its manufacturing capacity with new facilities in the UK and Russia. Ball has recognized a site at the SEGRO Park Kettering Gateway in the UK, while the 2014 born India electronics brand ‘Noise’ rolls-out smartwatch made from aircraft-grade aluminium. CANPACK S.A. has joined ASI as a new Industrial User member, bringing the total number of ASI Members to 178. The company, founded in 1992, is a manufacturer of aluminium beverage cans. The Aluminium Stewardship Initiative (ASI) is a global,...
Aluminium recycling is a major role player for driving the sector towards low-carbon, however this week the buzz kept low. In Australia, Robina Town Centre has teamed up with not-for-profit organisation Container Exchange to launch a new container recycling initiative named Partners for Change, whereas, the aircraft scrap metal market reveals a huge downfall due to the Covid-19 pandemic. TAHA is a multi-discipline solutions provider with corporate offices in the Netherlands, offering innovative, environmentally friendly and cost-effective services, equipment and products to the aluminium and steel industries worldwide. TAHA’s environmentally friendly aluminium dross processing solutions recover metal and refine the residuals, without using salt or any other chemicals, turning the...
SMM aluminium ingot price performed higher this week. The week started with an increase of RMB 210 per tonne and RMB 100 per tonne on Monday and Tuesday to RMB 19060 per tonne and RMB 19160 per tonne. The price then dropped to RMB 19140 per tonne, down RMB 20 per tonne on Wednesday. Aluminium price stood higher by RMB 130 per tonne on Friday, 16 July 2021 to RMB 19410 per tonne. The price is expected to move within a range of RMB 19390-19430 per tonne. According to the Shanghai Metals Market, China’s primary aluminium inventories continue to fall this week by 26,000 tonnes across eight major consumption areas, including SHFE warrants. Therefore, as of Thursday, July 15, China’s primary aluminium inventories have come in at 832,000 tonnes compared to 858,000 tonnes on July 8. The alumina...
The global aluminium downstream sector is gradually regaining its power following the severe crisis rooted in multiple waves of the Covid-19 pandemic. The Indian born British metal magnate Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP and the British firm Alucast’s £200,000 investment supports to bounce back from pandemic has created significant noise this week, whereas in the market dynamics the price and import-export demand reflects the rise and also decline. Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, July 10, a day soon after it sharply reduced the prices. The company grew its aluminium wire rod price by INR 2,750 per tonne to sell the product at INR 226,100 per tonne. On Friday, July...
LME aluminium cash (bid) price and LME official settle price increased this week during July 12-16 by US$ 44 per tonne or 1.80 per cent despite two consecutive declines at the end of the week. The prices opened the week on Monday, July 12, at US$ 2,449 per tonne, decreasing by US$ 21 per tonne from the previous day. On Tuesday, July 13, both LME aluminium cash (bid) price and LME official settle price rebounded to US$ 2,478 per tonne and further rose to US$ 2,509 per tonne on Wednesday, July 14. On Thursday, however, the prices dropped to US$ 2,495 per tonne and further inched down to US$ 2,493 per tonne on Friday, July 16. On the other hand, 3-months bid price and 3-months offer price reduced this week from US$ 2,468.50 per tonne on July 12 to US$ 2,510.50 per tonne on July 16. On...
Rio Tinto’s alumina production stood at 2.0 million tonnes in the second quarter of 2021, 1% higher than the corresponding period of 2020, reflecting strong operational performance at the refineries. On a quarter-on-quarter basis, the output was down 1%, primarily due to a planned refinery shutdown at Yarwun during the quarter. In the first half of 2021, the alumina production was 4.0 million tonnes. That was 1% year-on-year. As far as aluminium is concerned, aluminium production came in at 0.8 million tonnes, 4% higher than the same period of 2020, “underpinned by the ISAL smelter in Iceland and Becancour smelter in Quebec operating at full capacity, and the Kitimat smelter in British Columbia nearing completion of its pot relining cycle. The Saguenay smelters had a strong performance in...
The UAE based sovereign wealth fund Mubadala Investment Company is aiming at a value excess of $20 billion comprising debt for Emirates Global Aluminium PJSC as it moves closer to listing the business, according to an industry expert. The industry expert also added that Mubadala Investment has urged banks to onset pitching for roles on an initial public offering of EGA. Khaldoon Khalifa Al Mubarak, CEO and Managing Director of Mubadala Investment stated in April that the company was very near to going public, having seen a previous plan to do so postpone in 2018 after then-U.S. President Donald Trump imposed tariffs on aluminium imports from the United Arab Emirates. As per our information, Goldman Sachs, Bank of America Corp. and JPMorgan Chase & Co. worked on the plans for the earlier...
