Iran is expanding its domestic aluminium manufacturing capabilities through nanostructured anodising technology, developing specialised aluminium sheets and profiles for applications across aerospace, medical equipment, electronics and automotive industries. The initiative reflects a move towards higher-value aluminium products by improving the metal's surface properties and expanding its potential industrial applications. According to Pars Today, citing Mehr News Agency, an Iranian aluminium complex is using the technology to produce aluminium components with nanostructured ceramic coatings designed to improve resistance to corrosion and wear. The complex is also working on developing specialised aluminium standards and has so far established eight standards in this field. The...
Amazon's Kindle made of aluminium introduces recycled aluminium into its entry-level e-reader range, highlighting the metal's growing application in consumer electronics. The aluminium-backed model combines a rigid metallic construction with a matte finish, built-in magnets for folio covers and a design that allows users to replace the battery. Compared with the standard plastic Kindle (2026), the aluminium version also offers additional storage and an ad-free lock screen. The Kindle made of aluminium features a rigid, matte-finished metal chassis that provides a premium appearance while eliminating body flex and naturally resisting oily fingerprint marks. Its construction incorporates built-in magnets on the back for attaching snap-on folio covers, while accessible external Torx screws...
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The economy of Iran is tumbling down after years of U.S. sanctions and Iran has been insisting the United States withdraw those restrictions before the two sides can return to nuclear talks. The economy shrunk to an estimated 4.99% in 2020, gradually diminishing since 2017. In comparison, the nation relished a sharp economic growth of 12.5% in 2016 after the nuclear deal was signed. However, that acquit was short-termed. IMF predicts Iran’s gross domestic product growing 3% in 2021. The Western Asian country has recorded the importation of aluminium tubes and pipes during 2018-19 was 1164 tonnes and the expenditure occurred for the import remained at $4.12 million respectively. The import for 2020 stood at 417 tonnes and the expenditure accounted was $1.41 million. When the import and...
Vedanta has raised its aluminium products price by more than 1% today. With effect from Saturday, 27 March 2021, the prices of some aluminium ingots came in at INR 188,000-201,000 per tonne, an increase of 1.29% or INR 2,500 per tonne from INR 185,500-198,500 per tonne on March 25. Billets price stands at INR 196,000 per tonne on Saturday, 27 March 2021, indicating a growth of INR 2,500 per tonne from INR 193,500 per tonne on March 25. 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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales....
Evian has entered a new product category with the launch of new evian+ range in the US. The new range is available in recyclable aluminium cans – a first for the brand. This evian+ range comes in four exciting and tasty flavour combinations including; Raspberry & Ginseng, Lime & Ginger, Grapefruit & Basil and Cucumber & Mint. All variants feature zero sugars, zero sweeteners, zero calories and are enriched with magnesium and zinc, supporting normal cognitive function. Shweta Harit, VP of Marketing at evian, said: “Today’s announcement demonstrates ongoing innovation at evian as we expand our product portfolio into two new product categories with the launch of functional sparkling and flavored. “Encouraging our consumers to be healthy and perform at their highest level is at the heart of...
In February 2021, alumina production in West Europe stood at 439,000 tonnes, reflecting a decline of 40,000 tonnes or 8.35 per cent month-on-month. In January 2021, West Europe churned out 479,000 tonnes of alumina, which was less by 3,000 tonnes from the previous month. On a year-on-year basis, alumina production in West Europe in February 2021 also stood lower by 38,000 tonnes or 7.97 per cent. In January 2020, alumina output in West Europe was at 477,000 tonnes. In the first two months of 2021, West Europe’s alumina production totalled 918,000 tonnes, down by 13,000 tonnes or 1.40 per cent from 931,000 tonnes during the same period last year. Alumina production in East & Central Europe reflected a higher month-on-month decrease in February 2021 than in West Europe. The output fell...
Three-month LME aluminium remained unchanged to close at US$2,273.5 per tonne on Monday. SMM expects the contract to trade between US$2,240-2,280 per tonne today. As of Monday, March 29, LME aluminium cash (bid) price stands at US$ 2255.50 per tonne, LME official settlement price stands at US$ 2255.50 per tonne; 3-months bid price stands at US$ 2279per tonne, 3-months offer price is US$ 2279 per tonne; Dec 22 bid price stands at US$ 2284 per tonne, and Dec 22 offer price stands at US$ 2284per tonne. The LME aluminium opening stock stood at 1917075 tonnes. Live Warrants totalled 1267750 tonnes, and Cancelled Warrants were 649325 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2288.89per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased...
A00 aluminium ingot price in China has decreased by RMB 50 per tonne to stand at RMB 17,340 per tonne on Tuesday, March 30, following the three consecutive days of hike from RMB 17,080 per tonne to RMB 17,390 per tonne, according to Shanghai Metals Market. The average prices are expected to range between RMB 17,320 per tonne and RMB 17,360 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Shenyang, A00 aluminium ingot price has declined by RMB 85 per tonne to RMB 17,305 per tonne, followed by the decrease of RMB 80 per tonne in Linyi to RMB 17,320 per tonne. In Hangzhou, primary aluminium ingot price has dwindled by RMB 70 per tonne to RMB 17,350 per tonne, while the price in Foshan and Chongqing has dropped by RMB 60 per tonne to come in at RMB...
Canyon Resources, focused on the development of the 100% owned Minim-Martap Bauxite Project, a direct shipping ore (DSO) project development opportunity in central Cameroon has announced that the Environmental and Social Impact Assessment (ESIA) for the bauxite project is progressing well and is planned for submission in May 2021 to the Cameroon Ministry of Environment, Nature Protection and Sustainable Development (MINEPDED). The ESIA is a vital component of a mining permit application process and is being undertaken in line with the ESIA Terms of Reference submitted on 16 th April 2020 and accepted by the MINEPDED, and it aligns with the International Finance Corporation (IFC) Performance Standards and other key international standards, frameworks and guidelines. The scope of the ESIA...
The subsidiary of US-based Thunderbird Manufacturing LLC, Metal Impact East LLC has acquired the Luxfer Holdings PLC aluminium gas cylinders division. Metal Impact affirms the acquisition of the manufacturing operations of Luxfer in Graham, North Carolina, as well as its range of products and services, ranks it as “one of the leading aluminium gas cylinder suppliers to the medical and healthcare industries.” Phil Kretekos, President of Thunderbird, the parent company of Metal Impact, said: “As a Thunderbird company, Metal Impact is dedicated to growth - organically and through acquisitions.” “This addition to our aluminium gas cylinders operations will assure the industries that rely on us that we have the best talent and resources to support the growing demand for our products and...
The British metal magnate and Executive Chairman of GFG Alliance, Sanjeev Gupta’s request for a £170 million emergency loan to prevent his group from collapsing have been rejected by British ministers, as reported by the industry sources on 28 th March 2021. The plea was rejected amid concerns by ministers over the structure and corporate governance at GFG Alliance, and whether bailout funds would remain in the country, as reported by a person familiar with the matter. As per the sources, Mr Gupta was working on plans to raise fresh loans against parts of the group facility outside the UK, which added that he also focused to generate cash from an expedited sale of goods. Sanjeev Gupta’s GFG Alliance was the biggest recipient of financing from Greensill, a British financing company that...
New Zealand's GDP sprouted 2.2% in 2019 against 3.2% in 2018 but fell to -6.1% in 2020 due to the outbreak of the COVID-19. It is expected to pick up to 4.4% in 2021 and 2.6% in 2022 according to the updated IMF forecasts from January 2021. The island country in the south-western Pacific Ocean has recorded 4589 tonnes of aluminium cans import during 2018-19 and the expenditure accounted for the import stood at $17.16 million. The import for 2020 remained at 1014 tonnes and the expenditure recorded at $8.71 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it resembles 5603 tonnes and $25.87 million respectively. New Zealand’s import of aluminium cans in 2018 exhibited at 3305 tonnes and the expenditure stood at $10.92 million,...
Hindalco Industries Limited further raised its aluminium products and aluminium ingot prices with effect from Saturday, March 27. The company’s aluminium wire rod price came in at INR 200,850 per tonne as of March 27, up by INR 2,500 per tonne from INR 198,350 per tonne on March 25. Hindalco’s aluminium billets price also saw a raise of INR 2,500 per tonne from INR 194,350 per tonne on March 25 to INR 196,850 per tonne on March 27. Aluminium ingot price stood at INR 189,750 per tonne compared to INR 187,250 per tonne. Hindalco generally links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on Friday, March 26 soared by US$ 52.50 per to stand at US$ 2260.50 per tonne. Currently, on a year-on-year basis, the price...
A00 aluminium ingot price opened the week higher by RMB 60 per tonne to RMB 17,390 per tonne as of Monday, March 29, found the Shanghai Metals Market. This marks the second consecutive day of rise from RMB 17,330 per tonne on Friday, March 26. The average prices are expected to range between RMB 17,370 per tonne and RMB 17,410 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Chongqing, A00 aluminium ingot price has grown the highest by RMB 75 per tonne to stand at RMB 17,360 per tonne, followed by the rise of RMB 60 per tonne in Foshan and Linyi to RMB 17,390 per tonne and RMB 17,400 per tonne, respectively. In Hangzhou, primary aluminium ingot price has climbed by RMB 55 per tonne to come in at RMB 17,420 per tonne, while the price in Wuxi and...
Three-month LME aluminium gained 0.78 per cent to settle at US$ 2,273.50 per tonne last Friday, and is expected to move between US$ 2,240-2,270 per tonne today. On Friday, March 26, LME aluminium cash (bid) price and LME official settlement price soared by US$ 52.50 per tonne to close the week at US$ 2260.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 2285 per tonne, up by US$ 49.50 per tonne from US$ 2235.50 per tonne on March 26. Dec 22 bid price and Dec 22 offer price hovered around US$ 2293.50 per tonne compared to US$ 2251 per tonne on the previous day. The LME aluminium opening stock declined from 1934425 tonnes on Thursday to 1926000 on Friday, March 26. Live Warrants totalled 1268250 tonnes, while Cancelled Warrants stood at 657750 tonnes. LME aluminium...
The Board of Directors of the global leader in aluminium engineering, manufacturing and innovation, Gränges’ has appointed Jörgen Rosengren as the new CEO and President. Jörgen Rosengren, currently positioned as CEO of Bufab Group, a Nasdaq Stock Exchange in Stockholm listed company. He will take office at the latest on 1 st October 2021. However, as announced previously, Johan Menckel, the current CEO of Gränges’ will step down during the third quarter. Fredrik Arp, Chairman of the Board, Gränges AB, said: “We are very pleased that we have managed to recruit Jörgen Rosengren. Jörgen has for nine years been CEO in a company that under his leadership has added significant value to the shareholders through profitable organic growth and several successful acquisitions. Jörgen’s experience...
Mr Abhijit Pati, CEO and Director of BALCO explained how India’s iconic Aluminium & Power producer countered the unconventional situation which occurred due to the COVID-19 pandemic and forced to shape the business more sturdily and pursue the momentum of growth. Mr Pati, a person to reckon with the Aluminium industry for the past three decades stated that Aluminium is a metal of strategic importance to India and a vital raw material for key industries like electrical distribution, transportation, aerospace, defence, building & construction etc. He also added that it is an uninterrupted operative function, which denotes that the BALCO’s smelters have to run 365x24x7. Furthermore, as BALCO is one of India’s largest producers of aluminium, it became a self-challenge to assure that...
The large container vessel maritime traffic jam on the Suez Canal in Egypt has intensified the shortage of primary aluminium billet supplies in Europe, which resulted in higher premiums on 26 th March 2021. Suez Canal, an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia and it also is the major route for shipments between Europe and Asia, has been occluded by the large containership Ever Given since 23 rd March 2021, resulting in a maritime traffic jam of more than 100 vessels. An industry professional commented: “I think the situation just sparked another level of worry; all we have been talking about across commodities and markets is the freight situation and how it has mucked things up.”...
Started as a symbolic lights-out event in Sydney in 2007 by WWF and partners, Earth Hour today is one of the world's biggest environmental grassroots movements. Earth Hour, held annually on the last Saturday of March, involves millions of people across the globe turning off their lights to express respect for our world. Every year since 2007, millions of people take part in this global event to raise awareness about climate change. Due to the ongoing Covid-19 pandemic in several parts of the world, most countries & its citizens shall be celebrating Earth Hour online. To better understand how we as individuals can contribute and make a difference to this very important challenge faced by the man-kind, let’s first outline the importance and benefits of “ Earth Hour ” initiative: The...
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium products prices for the second week in a row, with effect from Saturday, March 27. A week ago, with effect from March 20, NALCO increased its aluminium prices by INR 1,500 per tonne, but this week the prices have been raised sharply by above INR 5,000 per tonne. With the latest hike, NALCO is selling its aluminium ingot price at INR 188,650-192,150 per tonne compared to INR 183,350-186,850 per tonne on March 20. This reflects a hike of INR 5,300 per tonne or 2.8 per cent. NALCO’s aluminium wire rod price has come in at INR 192,150-196,500 per tonne, also up by INR 5,300 per tonne from INR 186850- 191200 per tonne last week. The company’s aluminium billets price is hovering in the range of INR...
