China Aluminum International Engineering has proposed a CNY 6.6 billion (USD 988 million) fixed-price engineering, procurement and construction (EPC) contract for an alumina project in Guinea’s Boffa region. The agreement has not yet been signed and requires approval from independent shareholders before it can proceed. Under the proposed arrangement, China Aluminum International Engineering would undertake the project’s design and construction, while Chalco Guinea, a subsidiary of its controlling shareholder Chinalco, would act as the customer. The proposed contract requires approval from independent shareholders. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows &...
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...
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According to the data released by the National Bureau of Statistics (NBS), China’s primary aluminium output hit multi-year highs at 19.64 million tonnes in the first half of 2021. That was up by 10.1 per cent from a year ago, as smelters were encouraged by aluminium prices well above break-even levels. According to NBS records, China’s primary aluminium production increased the highest in H1 2021 since at least 2015. However, the production volume in June fell for a second straight month due to power limitation in the smelting hub of Yunnan, showed official data on Thursday, July 15. Smelters in Yunnan were ordered to reduce energy consumption in late May after severe drought hampered electricity generation. The curbs remained in place for much of June, and analysts say it could take...
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR 219,850 per tonne and INR 223,850 per tonne on July 13. Aluminium ingots price stands at INR 215,250 per tonne on Wednesday, 14 July 2021, a hike of INR 2,500 per tonne from INR 212,750 per tonne on 13 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 on stood at US$ 2509 per tonne July 14, down from US$ 2478 per tonne on July 13. Aluminium operations of the company, excluding those of...
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices, following a hike last week, June 7. With effect from Wednesday, July 14, NALCO’s aluminium ingot price has come in at INR 214,050-217,550 per tonne, down by INR 3,700 per tonne or 1.7 per cent from INR 217,750-221,250 per tonne on July 7. NALCO’s aluminium wire rod price has also seen a cut of INR 3,700 per tonne to INR 217,550-221,900 per tonne, with effect from July 14. Since July 7, the price hovered around 221,250- 225,600, gaining INR 4,900 per tonne. NALCO’s aluminium billets price is at present ranging between INR 217,500-220,150 per tonne, compared to INR 221,200-223,850 per tonne last week. NALCO, like any other Indian aluminium producer, links its aluminium ingot and...
SMM aluminium ingot price marked a hike of RMB 140 per tonne. The price stood at RMB 19280 per tonne on Thursday, July 15, 2021, from RMB 19140 per tonne on July 14. The price is expected to move within a range of RMB 19260-19300 per tonne today. In Foshan and Wuxi, the price rose by RMB 150 per tonne each to stand at RMB 19320 per tonne and RMB 19280 per tonne on Thursday, July 15, 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 19285 per tonne and 19230 per tonne, up RMB 135 per tonne and 140 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 19195 per tonne, RMB 19210 per tonne, RMB 19230 per tonne, and RMB 19130 per tonne on Thursday, July 15, 2021. The aluminium alloy (ADC12) price increased by RMB 100 per tonne to RMB...
The Cameroonian aluminium producer ALUCAM on 13th July 2021 puts suspension on its declared around 8% price rise which was effective from 12th July 2021. The aluminium company did not come up with any clarifications; expect it stipulated that the cause of suspension remains in the hands of internal administration. While as per our country sources, the suspension on the price hike was due to compulsion exercised by the government, through the Ministry of Trade, which is against the price hike for the moment. ALUCAM professed to its customers that the price hike was due to the surge in prices of the raw materials and the additional costs induced in regards to logistics chain disruptions caused by the Covid-19 pandemic. The price rise suspension prevents the speculation fears, which would...
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. “As one of the world’s leading aluminium can manufacturers with a truly global footprint, we are delighted to join ASI. Working together, alongside other members, we believe that by joining ASI CANPACK will be able to play its full part in further improving the production, sourcing and stewardship of aluminium,” John O’Maoileoin, Group Sustainability Director, CANPACK S.A. CANPACK now offers high-quality glass, metal closures, and food and industrial packaging. The company’s capabilities go beyond producing packaging, helping grow brands and optimize businesses. The Aluminium Stewardship Initiative (ASI)...
Three-month LME aluminium fell 0.36 per cent to close at US$ 2,517 per tonne on Wednesday. It is expected that the contract will trade between US$ 2,480-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew further by US$ 31 per tonne or 1.25 per cent to stand at US$ 2,509 per tonne on Wednesday, July 14. 3-months bid price and 3-months offer price increased by US$ 34 per tonne from US$ 2,492.50 per tonne to US$ 2,526.50 per tonne. Dec 22 bid price and Dec 22 offer price stood at US$ 2,506.50 per tonne against US$ 2,476 per tonne. LME aluminium opening stock reduced from 1480150 tonnes to 1472800 tonnes. Live Warrants totalled 897275 tonnes, while Cancelled Warrants closed at 575525 tonnes. Meanwhile, LME aluminium 3-months Asian Reference Price...
The global resources company founded by a group of experienced and largely American natural resources investors, Concord Resources Holdings Limited has acquired the majority ownership in New Day’s principal holdings, which include its Noranda Alumina refinery and NICHE Chemical non-metallurgical alumina business in Gramercy, Louisiana, as well as its Noranda Bauxite mine operations in St. Ann, Jamaica owned in partnership with the Government of Jamaica. Since 2018, Concord Resources was a minority partner in New Day Holdings, while now it acquired the majority interest from other shareholders in the DADA Holdings Group. The headquarters of New Day will remain in Gramercy, Louisiana. Concord Resources was founded in 2015 and it runs one of the largest independent smelter grade alumina...
On 14th July 2021, the largest aluminium and aluminium alloy producer of Romania, Alro Slatina received a €34 million financing facility from EximBank, a state-owned lender. Exim Bank is the Export-Import Bank of Romania based in Bucharest. Alro said in a statement filed with the Bucharest Stock Exchange, BVB that the funds disbursed are purposeful to deliver the requisite liquidity for the operations of the company and were sanctioned with a state guarantee provided under the Covid-19 state aid scheme dedicated to large companies. Alro Slatina, a subsidiary of Vimetco N.V. is one of the largest vertically integrated aluminium producers in Europe, having an installed production capacity of 265,000 tonnes per annum of electrolytic aluminium, 35,000 tonnes per annum of recycled aluminium...
KPS Capital Partners (KPS) has acquired Metra Holding S.p.A. and Metra S.p.A., (collectively "Metra"). The company purchased Metra, a producer of extruded aluminium, from Highlander Partners. KPS also acquired Profile Custom Extrusions, LLC ("Profile"), a U.S. manufacturer of extruded aluminum. Both the companies will be combined to form a leading, global extruded aluminum profile platform with presence across both Europe and North America. Metra manufactures extruded aluminum profiles for industrial and building & construction end-markets across Europe and North America. Pierre de Villeméjane, a Partner of KPS Mid-Cap Investments ("KPS Mid-Cap"), said, "By combining Metra and Profile, we will create a robust global extruded aluminum platform with an unparalleled reputation for...
According to a report on Wednesday, July 14, construction on Heesen’s 57-metre, all-aluminium superyacht project Akira is due to begin this year. The news came after the yard announced the yacht, which was first revealed at the 2019 Monaco Yacht Show, would begin construction at Heesen’s Oss shipyard in the autumn. “We see great potential for this new model," said Arthur Brouwer, Heesen's chief executive. “Akira is the only 57-metre, all-aluminium fast motor yacht with a Northern European pedigree available for delivery in spring 2024." This four-deck yacht is the first model in Heesen’s 5700 Aluminium class. Its exterior design is penned by Frank Laupman’s Omega Architects and interior by Harrison Eidsgaard. Built from an aluminium hull, the exterior features a “shapely silhouette” with...
Robina Town Centre has teamed up with not-for-profit organisation Container Exchange to launch a new container recycling initiative named Partners for Change. Customers in the Robina Town Centre can dispose eligible drink containers in specially marked bins within the Food Atrium. Containers include aluminium cans and plastic bottles showing the 10-cent refund mark. Container Exchange’s Containers for Change program, launched in late 2018, has paid out over than $400 million to Queenslanders in refunds as a result of more than 4 billion containers being recycled. Kathleen Hart, General Manager of Robina Town Centre said: “We are honoured to be announced as the first major partner and pilot for Partners for Change here in Queensland. As a place of mass social gathering and a hub for the...
The journey by aeroplane is considered as one of the fastest and sophisticated in the world for decades. Thousands of aeroplanes carry millions of passengers to reach their destinations. Now, aeroplanes also have a life-ending process, or we say retirement, but in reality, an aeroplane never dies, its parts and components get recycled and it is gradually becoming a broad sector. However, the Covid-19 pandemic has crashed the aeroplane scrap market’s growth rate. It has been reported that presently an around 470-550 aeroplanes are tear down or dismantled, while the reported number is envisioned to grow and stand 2000 plus planes by 2030 every year. As per the industry report, around 80%-90% of an aircraft’s weight can be recycled for re-utilized in aviation or other industries. Aluminium...
On Wednesday, July 14, Vedanta reported that its aluminium production totalled 549,000 tonnes in the first quarter of FY2022 ended on June 30, 2021. That was an increase of 17 per cent from 469,000 tonnes in Q1 FY2021. As per the report released by the Company, the cast metal aluminium production (including trial run) at its smelters in Jharsuguda and BALCO increased due to ramp-up of pots. On a quarter-on-quarter basis, the production was higher by 3 per cent, said Vedanta in a statement. On a consolidated basis, Vedanta reported a net profit of INR 7,629 crore for the quarter ended on March 31, 2021, as compared to a net loss of INR 12,083 crore a year ago. Net sales increased by 42.8 per cent year-on-year to INR 27,874 crore during the quarter, primarily due to higher volume at...
As per ‘Economic Key Facts Germany’ by KPMG, the German started to augment in Q2 2021, with all major indicators now signifying to growth. The economy will regain strength and is predicted to grow by almost 4% in 2021. After the contraction in GDP of 4.9% in 2020, KPMG expected economic output in Germany to expand by 3.6% year on year in 2021. The development of the economy is fuelled by the vaccination programme in Germany, which has delivered doses to almost 60% of the population with about 40% now being fully vaccinated. The seventh-largest country in Europe, Germany recorded export of 46,812 tonnes of aluminium household articles during 2018-20 and the revenue earnings accounted for from the export was $358.75 million. In 2018, the Western European nation registered 11,961 tonnes of...
Rio Tinto has joined the Australian Industry Energy Transition Initiative (ETI) to reduce emissions in hard-to-abate sectors. The Australian Renewable Energy Agency (ARENA) has also awarded $2 million grant to the initiative. The initiative aims to reduce emissions in ‘hard-to-abate’ sectors, such as iron and steel; aluminium; LNG; other metals, including copper, nickel, lithium; and chemicals, such as fertilisers and explosives. \ Rio Tinto Australia chief executive Kellie Parker said, “To decarbonise our operations and supply chains, and meet our climate goals, we will need to continue to partner with a wide range of stakeholders, including industry, finance and government.” “With large operations on both sides of the country, we support the aims of the Australian Industry ETI and hope...
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, July 14 2021, the prices of some aluminium ingots have increased by INR 2,500 per tonne to stand at INR 215,750-228,750 per tonne, from INR 213,250-226,250- per tonne on July 13. The billets price stands at INR 223,750 per tonne on Wednesday, July 14 2021. That was an increase of INR 2,500 per tonne from INR 221,250 per tonne on July 13. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2478 per tonne on July 13, from US$ 2449 per tonne on July 12. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat...
A source reports that Sanjeev Gupta is making great efforts to lay hold of its Belgian aluminium rolling mill after a US private equity firm AIP took legal action in the UK to seize control. In an attempt to do so, Gupta’s metals group GFG Alliance, which is the subject of an investigation by the UK’s Serious Fraud Office, is fighting to refinance more than $5 billion of debt since the collapse of Greensill Capital, its main lender. The lender to GFG’s Duffel rolling mill outside Antwerp, however, launched legal proceedings in the past week. AIP successfully persuaded a court to appoint administrators at a UK holding company that owns the asset. That could result in the transfer of ownership of the Belgian mill from GFG Alliance to AIP. A spokesman for GFG said it is “vigorously...
