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 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...
Alcoa Corporation expects double-digit growth in the sales of its value-added products this year based on the continued economic recovery and improved demand for aluminium across all end markets. The company forecasts an improvement in shipments across all segments. Bauxite is estimated to improve by 0.1 million dry metric tonnes to 50-51 million dry metric tonnes; alumina to increase to 14.1-14.2 million metric tonnes; and aluminium by 0.2 million metric tonnes to 2.9-3 million metric tonnes. Alcoa anticipates a strong Q3 on the basis of continuing forecasts for economic recovery and solid global demand across end-use sectors. It expects third quarter tax expense to exceed $100 million, which may vary with market conditions and jurisdictional profitability. As the COVID-19 pandemic is...
Hindalco Industries Limited has further hiked its aluminium products price. With effect from Friday, 15July 2021, aluminium billets and wire rods prices stand at INR 224,850 per tonne and INR 228,850 per tonne, an increase of INR 2,500 per tonne from INR 222,350 per tonne and INR 226,350 per tonne on July 14. The company’s aluminium ingots price has come in at INR 217,750 per tonne on 15 July 2021, marking a growth of INR 2,500 per tonne from INR 215,250 per tonne on 14 July. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2495 per tonne on July 15 from US$ 2509 per tonne on July 14. Aluminium operations of the company, excluding those of its US arm Novelis Inc,...
Rusal, a leading global aluminium producer, has announced the appointment of Irina Bakhtina as the Director of Sustainable Development. She will focus on the further implementation of Rusal’s sustainable development strategy across all divisions of the company and also work on the Group’s wider climate strategy aimed at achieving carbon neutrality by 2050. Earlier, Irina Bakhtina served as Deputy Prime Minister of the Komi Republic. She was responsible for the socio-economic development and the formation of investment and innovation policy in the region, including the Arctic zone of Russia. She also worked for the implementation of a unified state policy in the republic in the field of industrial and transport development, as well as environmental protection and safety. Irina Bakhtina is...
The economy of Uruguay economy is heavily dependent on its neighbours, Brazil and Argentina. In 2020, the country’s GDP plunged by an estimated 5.7%, primarily due to the impacts of the COVID-19 pandemic not only in the country but also in its neighbours. However, it should be considered that the pandemic had a relatively minor impact on the Uruguayan economy when compared to other countries in the region. The economy is still expected to recover in the coming years, with the IMF's April 2021 estimates predicting growth of 3% for 2021 and 3.1% for 2022, subject to post-pandemic global economic recovery. The South American nation, Uruguay imported 6651 tonnes of aluminium bar rods and profiles during 2019-20 and the foreign revenue expended for the import stood at $21.75 million. Uruguay’s...
On Friday, July 16, Alcoa Corporation reported the highest profitability since inception in 2016 with record quarterly net income and earnings per share, attributing to strong aluminium pricing with improved customer demand, stable operational performance, and additional cash generation through strategic action. The company’s Q2 2021 net income, ended on June 30, stood at US$ 309 million, up 76.57 per cent quarter-on-quarter from US$ 175 million and 56.85 per cent year-on-year from US$ 197 million. Adjusted EBITDA excluding special items increased 18.62 per cent sequentially to US$618 million from US$ 521 million. On a year-on-year calculation, it stood up by 234 per cent from US$ 185 million. Earnings per share grew quarter-on-quarter from US$ 0.79 to US$ 1.49. Revenue edged 31.89 per...
The Indian consumer electronics brand, Noise which started in 2014 founded by Amit Khatri and Gaurav Khatri has developed to be a popular wearable brand, now rolled out another smartwatch in the market. On 15 th July 2021, the electronic company revealed Noise ColorFit Ultra at an online event. The ColorFit Ultra comes with the biggest display Noise has ever floated. The smartwatch is tooled with magnificent features including Calls and SMS quick reply, 60 sports modes, a blood oxygen monitor and more. The dial of the smartwatch is featured square-shaped and is made up of aluminium alloy. During the online event, the company disclosed that the aluminium used in the Noise ColorFit Ultra is aircraft-grade aluminium. Noise ColorFit Ultra is yet another smartwatch that the company has...
Rio Tinto announced its bauxite production results for the second quarter of 2021. The output was down by 6% year-on-year due to ongoing system instability following severe wet weather in Eastern Australia in the first quarter. The second quarter bauxite production came in at 13.7 million tonnes. The output was up by 1%quarter-on-quarter. “The non-managed CBG joint venture in Guinea experienced shipping constraints, which was partly offset by higher production from the Porto Trombetas (MRN) joint venture in Brazil,” Rio Tinto said. In the first half of 2021, Rio Tinto produced 27.264 million tonnes of bauxite. That was down by 4% year-on-year. Rio Tinto shipped 9.493 million tonnes of bauxite to third parties in the second quarter. That was a drop of 11% than the same period of 2020. On a...
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According to the Shanghai Metals Market, aluminium alloys prices have closed the week on Friday, July 16, on a positive note across China. Aluminium alloy (A356) price has grown by RMB 150 per tonne to touch the mark of RMB 20,000 per tonne. The average prices are expected to range between RMB 19,950 per tonne and RMB 20,050 per tonne. Aluminium alloys (ADC12) price and aluminium alloy (A380) price have surged by RMB 200 per tonne to stand at RMB 18,700 per tonne and 19,700 per tonne, respectively. Their average prices are likely to range between RMB 18,600-18,800 per tonne and RMB 19,600-19,800 per tonne, respectively. A00 aluminium ingot price has also extended its hike by RMB 130 per tonne to close the week at RMB 19,410 per tonne on July 16. The average prices are estimated to range...
Vedanta has continued to raise its aluminium products price. With effect from Thursday, July 15 2021, the prices of some aluminium ingots have come in at INR 218,500-231,500 per tonne, up by INR 2,750 per tonne or 1.27% from INR 215,750-228,750 per tonne on July 14. The billets price stands at INR 226,500 per tonne on Thursday, July 15 2021, reflecting a growth of increase of INR 2,750 per tonne from INR 223,750 per tonne on July 14. 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$ 2495 per tonne on July 15 from US$ 2509 per tonne on July 14. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat...
Three-month LME aluminium fell 0.24% on Thursday, July 15, 2021. The price closed at US$2,511 per tonne on Thursday. As of Thursday July 15, LME aluminium cash (bid) price stands at US$ 2495 per tonne, LME official settlement price stands at US$ 2495 per tonne; 3-months bid price stands at US$ 2510.50per tonne, 3-months offer price is US$ 2510.50per tonne; Dec 22 bid price stands at US$ 2494 per tonne, and Dec 22 offer price stands at US$ 2494 per tonne. The LME aluminium opening stock stood at 1465775 tonnes. Live Warrants totalled 897275 tonnes and Cancelled Warrants were 568500 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2529.60 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 3015 per tonne on Friday, July...
On 15th July 2021, South Korea's Ministry of Industry stated that the nation's aluminium and steel sectors are expected to be counter trouble from the European Union’s carbon border tax. The announcement from the ministry came a day after the EU declared its intention to implement the Border Carbon Emissions Adjustment Mechanism (CBAM), aimed at imposing a ‘carbon price’ on imports of certain products in the country. Importers need to purchase ‘carbon certificates’ equating to the amount of carbon spent to manufacture the products. Subsequently, products with higher carbon emissions will lose their competitiveness in the European market. South Korea assumes that the new policy could register a negative impact on the aluminium and steel industry. Asia's fourth-largest economy, South Korea...
In the Sustainable Circular Challenge organised by Ball Beverage Packaging India, a team of six students from Xavier Institute of Management, Bhubaneswar (XIMB) bagged the runners-up trophy by demonstrating effective ways to reuse aluminium cans. The Thinkers, as they call themselves, has devised an innovative plan of changing the design of the cans to have a reattachable lid to be able to reuse the cans for a couple of more times, considering sustainability can come at a cost in the country like India and packaging can diminish profits. Bandhan Pramanik from the team of six explained, "In a country like India, sustainability can come at a cost and since packaging can actually diminish profits, we planned to use the existing infrastructure to help them.” Installing beverage dispensers in...
'Metalworld', the flagship magazine of a leading media business house in the Asian metallurgical domain, produces B2B trade shows on a regular basis for more than two decades. The conferences are for various verticals like aluminium, foundry, special steels, sponge iron, which are well appreciated and participated by the industry. 'Indian Aluminium Summit', the apex event on the Aluminium sector will cover the whole supply and process chain, present industry situation in the Indian context, emerging applications and markets, Industry 4.0 based manufacturing, as well as the recycling trends in the industry. It will also discuss and debate the prime issues facing this important industry sector, especially in the backdrop of the Covid pandemic. 'Al Circle' is the Media Partner of the event...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 2% this week. The inventories fell by 3,000 tonnes from the previous week to 120,800 tonnes on Thursday, July 15, 2021. Aluminium billet outbound volume rose by 800 tonnes to 48,300 tonnes last week, an increase of 1.6%. The outbound volume are expected to drop next week, and the inventories may increase. The chart below indicates the current status of aluminium billet inventories across China in more details: Stocks in Foshan and Huzhou declined significantly this week, standing at 55,000 tonnes and 9,000 tonnes on Thursday, July 15, 2021, down 2,400 tonnes and 2,000 tonnes from last week. The inventories of billets in Nanchang decreased by 400 tonnes to 24,100...
Ball Corporation intends to expand increase its manufacturing capacity with new facilities in the UK and Russia. The plant will start operations in 2023. Each facility will manufacture billions of cans a year across a range of formats and sizes Ball has recognized a site at the SEGRO Park Kettering Gateway in the UK. The company has submitted its formal application to North Northamptonshire Council and anticipates breaking ground during 2021, following a period of public consultation. Carey Causey, President, Ball Beverage Packaging EMEA said: "With the demand for our infinitely recyclable aluminium packaging growing fast in an expanding number of categories, we are acting now to support our customers in the UK and Russia. The pandemic and changing consumption patterns mean that consumers...
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 chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have declined the highest by 13,000 tonnes to stand at 293,000 tonnes, followed by the decrease of 11,000 tonnes in Nanhai to come in at 224,000 tonnes, learned SMM. In Shanghai, Hangzhou, and Chongqing, inventories have dropped by 1,000 tonnes to settle at 86,000 tonnes, 90,000 tonnes, and 1,000 tonnes, respectively....
Hungary economy is an export-oriented market economy with a substantial significance on foreign trade. The country is the 35th largest export economy in the world. The ERSTE Research predicted that the Hungarian economy to grow by 3.90% in 2021. The landlocked central European nation, Hungary recorded an export of 208,308 tonnes of aluminium plates, sheets and strips during 2018-20 and the revenue earnings accounted for from the export stood at $510.32 million. Hungary’s export of aluminium plates, sheets and strips in 2018 was registered at 47,299 tonnes and the earnings recorded was $116.83 million, whereas, in 2019, the export surged to 89,068 tonnes, demonstrated growth by 88.30% and the earnings also shot up to $218.76 million. In 2020, Hungary’s export of aluminium plates, sheets...
