50 billion in revenue and 20 billion in profit is what Vedanta Group is looking forward to over the next two years, said the Founder & Chairman, Mr Anil Agarwal, during an interactive session organised by the Indian Chamber of Commerce (ICC) at Taj Bengal, Kolkata on October 28, 2026. While he sees India as a powerhouse of metals and minerals, his attention is caught by West Bengal, located in the Eastern part of India. Mr Agarwal believes the future of Bengal looks bright, as the state has a strategic geographical location with major mining states like Jharkhand and Odisha as its neighbours. By directing high hopes for Bengal and praising the double engine government, Agarwal expressed his willingness to invest in the state in sectors like mining, minerals and power. He also met the...
Hydro has begun construction of a new 5,900 metric ton indirect aluminum extrusion press line at its Cressona facility in Pennsylvania, backed by a $53.5 million investment aimed at modernizing production, expanding specialist extrusion capacity, and strengthening the company’s North American manufacturing operations. The groundbreaking took place on October 27, with operations expected to commence in the first quarter of 2028. The new press will replace equipment dating from the 1950s and introduce Industry 4.0 technology, advanced automation, improved energy efficiency, and enhanced safety performance. New press targets growing demand for specialist extrusions The investment comes as demand for indirect aluminum extrusions continues to grow across commercial transportation, automotive,...
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Last week, Tennessee-based Kaiser Aluminium posted its 2021 Sustainability Report, in which the company vividly elaborated its environmental, social, and governance programming policy, stating advancements. The report reflects upon Kaiser Aluminium’s persistent efforts to enlarge its operations in an authoritative way. The President and Chief Executive Officer, Keith A. Harvey, spoke his heart in a press release where he notified that the firm is extremely conscious about the role of sustainability in their developments and how to keep the environmental premises intact. Below is an excerpt from his speech: “We continued to build on the core elements of our sustainability initiatives in 2021 to ensure we are well-positioned for future growth in the rising circular economy. Our...
According to sources, a Coimbatore-based aluminium die cast maker, Alphacraft, will invest almost INR 80 crores in materialising its fifth plant. The Managing Director of Alphacraft, M Ramesh, claimed that the expansion is due to the rising demand for aluminium components required by the automobile industry. The company has taken this calculative step to suffice purchase orders of big industrial names like Aston Martin, which is in need of powertrain parts specially crafted for its flagship sports car. Alphacraft, at this moment, supplies 16 components for Aston Martin and will develop eight more car parts in the upcoming days for the brand. Moreover, the aluminium die-casting expert will provide two viscous clutch projects for customers abroad. The company is also preparing itself to...
Hindalco Industries Limited has further increased its aluminium products prices, with effect from Friday, October 30, although at a lower rate than the previous day. With the latest rise, Hindalco’s aluminium wire rod price has come in at INR 237,100 per tonne, down by INR 1,250 per tonne from INR 235,850 per tonne on December 22. Hindalco’s aluminium billets price has also seen a rise of INR 1,250 per tonne on December 30 to stand at INR 240,100 per tonne versus INR 238,850 per tonne on December 22. Aluminium ingot price has also been grown by INR 1,250 per tonne, reaching at INR 226,000 per tonne. Hindalco has increased its aluminium ingot and aluminium products prices in line with a rise of the LME aluminium benchmark price by US$14.50 per tonne through the week from US$2,357 per tonne...
Researchers from The University of Birmingham have reportedly discovered and demonstrated the possibility of directly reusing aluminium and copper current collectors from spent lithium-ion batteries. An open access paper on their study is published in the RSC Journal Green Chemistry. The ever increasing number of spent lithium-ion batteries is causing a serious waste-management challenge, which can, however, be tackled by the direct reuse of aluminium and copper current collectors, while developing an alternative renewable source of aluminium and copper and preventing long manufacturing processes and energy input for new current collectors, explained Zhu et al. He added, “… Herein, aluminium and copper current collectors are reclaimed from commercial spent LIBs with simple chemical...
In September 2022, the United States exported 15,000 tonnes of aluminium plates, sheets and bars to Mexico, down by 1,300 tonnes or 8 per cent month-on-month from 16,300 tonnes, found the US Census Bureau. That brought the United States total exports in Q3 to Mexico at 45,900 tonnes, up by 7,600 tonnes or 19.84 per cent from 38,300 tonnes a quarter ago. On a year-on-year calculation, the United States’ aluminium plates, sheets and bars exports to Mexico in September 2022 edged a fall of 32.13 per cent from 22,100 tonnes. From January to September 2022, the United States exported 119,000 tonnes of aluminium plates, sheets and bars to Mexico, down by tonnes or 41.67 per cent from 204,000 tonnes during the corresponding period of the same year. The United States total aluminium plates,...
Asia Clean Capital Vietnam (ACC Vietnam) has joined hands with aerospace components provider Universal Alloy Corporation Vietnam (UACV), agreeing on a 15-year power purchasing deal. The partnership has begun shaping a rooftop solar PV project with a capacity of 4.3 MWp, which will be crucial for running UACV’s aluminium-related operations. Adhering to the clause laid down by the partnership, ACC Vietnam will supply UACV with a turnkey green energy system wired to a 4.3 MWp rooftop solar PV solution. The PV solution has been specially crafted to achieve the highest safety standards in a terrain that gets affected by gales or typhoons every now and then. Almost 7,172 modules will be placed so that the solar panels can generate 5,906.91 MWh power, disregarding the chances of emitting 4,802.3...
The Guangzhou Futures Exchange, China's newest commodities market, saw a decline of 1 per cent on Thursday from China, the world's largest producer of industrial silicon. To focus on "new energy" components like lithium and rare earths, the market was founded in that year. Gränges began construction on an expansion at its Newport factory to increase the manufacturing of aluminium battery cathode foil (BCF). Gränges will now be the first business in the US to support BCF manufacturing thanks to this investment. BCF is a vital part of lithium-ion batteries used to make electric cars. AddUp, a provider of metal additive manufacturing solutions established by the French businesses Michelin and Fives, has unveiled the FormUp 350 Evolution. Based on the architecture of the FormUp 350 New...
The innovative engineering company that has transformed the industry for more than 125 years, Gränges has entered two new credit facility agreements and refinanced part of the debt portfolio. A three-year term loan for USD 100 million and a three-year term loan for SEK 3,500 million are included in the original facility agreement, which Citibank, Danske Bank, Svenska Handelsbanken, and Nordea structured. The deal will be connected to Gränges' sustainability goals and has a framework that is related to sustainability. Sustainability coordinators include Danske Bank and Nordea. Under the second facility agreement, signed with AB Svensk Exportkredit, there is a term loan worth USD 40 million and a term loan worth USD 20 million, each of which has a term of 3 years. This agreement will be...
Hindalco Industries Limited has lifted its aluminium products prices by INR 3,250 per tonne, with effect from Thursday, December 22, following back-to-back cuts over a week. With the latest hike, Hindalco’s aluminium wire rod price has come in at INR 235,850 per tonne versus INR 232,600 per tonne on December 20. Hindalco’s aluminium billets price has pegged at INR 238,850 per tonne as of December 22, compared to INR 235,600 per tonne on December 20. The company’s aluminium ingot price is no exception but seen a hike of INR 3,250 per tonne or 6.48 per cent, with effect from December 22, to settle at INR 224,750 per tonne. Hindalco has raised its aluminium ingot and aluminium products prices in line with an elevation of the LME aluminium benchmark price by US$27.50 per tonne from...
China, the world's biggest manufacturer of industrial silicon, recorded a drop of 1 per cent on Thursday in their debut at Guangzhou Futures Exchange, China's newest commodities market. The market was established year to concentrate on "new energy" elements like lithium and rare earths. Industry silicon is used in the production of aluminium, aluminium alloys, solar cells and microprocessors. Casting production frequently involves adding silicon to metal. Silicon is added to aluminium to lower the melting point and increase fluidity. In aluminium, silicon alone results in an alloy that cannot be heated, but when combined with magnesium, it yields an alloy that can be heated and precipitation hardened. The Guangzhou exchange, which claims to be the first market internationally to put up a...
According to a report on Thursday, December 22, Brazil has decided to impose countervailing duties on China’s aluminium sheet products, effective from March 31, 2023. The news came after China’s Ministry of Commerce announced it officially. The Ministry has also reported the duties will range between 14.88 per cent and 14.93 per cent, and will be implemented for the next five years. In 2021, China’s aluminium exports to Brazil were worth $461.43 million. In 2019, Brazil’s import of aluminium sheets, in particular, from China was 56.6 per cent of the total imports. Brazil will levy duties on aluminium imports from China in light of the evidence of damages to the country’s domestic industry caused by Chinese dumping. Two years ago, Brazil’s Ministry of Economy considered imposing Chinese...
On December 21, 2022, the leading aluminium extrusion profile manufacturer in China, Xingfa Aluminium Holdings during filing has stated that it would acquire a 4 per cent equity interest in a Chinese service provider, Guangdong Province Trading Development, from Guangdong Guangxin Holding Group for RMB27.5 million. Guangdong Guangxin Holdings Group Ltd. is a holding company for investments. Construction materials, mining, metallurgy, chemical engineering, mechanical and electrical equipment, food supply, modern logistics, and other fields are among the areas in which the company invests. Guangdong Xingfa Aluminium Co., Ltd., is a company headquartered in Foshan, Guangdong. On March 31, 2008, Xingfa Aluminium, which began in 1984, was listed in Hong Kong. Xingfa Aluminium is a famous...
Aluminium Stewardship Initiative (ASI) announced on December 21 that Hindalco Industries Limited had joined ASI as its new Production and Transformation member. The Aditya Birla Group's main firm, Hindalco Industries Limited in Renukoot, India, has been striving since 1962 to create better shareholder value by surpassing customer expectations, being profitable, maximising employee potential, and acting as a good corporate citizen. Renukoot is an integrated complex that houses an aluminium smelter and fabrication operations together with an alumina refinery. The output of aluminium metal is 420 KTPA. The downstream sector of the company, which includes rolling, extrusion, wire-rod, and primary, was submitted for the ASI Certification. "Adoption of the ASI stewardship guidelines will...
The aerospace, space, defence, and energy industries need the ability to print big metal components. In response to this demand, AddUp has introduced the FormUp® 350 Evolution machine, enabling the highly productive printing of parts up to 1 metre tall. The FormUp 350 Evolution has been introduced by AddUp, a developer of metal additive manufacturing solutions founded by the French companies Michelin and Fives. This new variant, which is based on the FormUp 350 New Generation machine's architecture, offers a higher manufacturing volume and an architecture designed to cut down on unproductive time. The FormUp 350 Evolution can print objects up to one metre high because its print volume is 350 x 350 x 1000 mm. Many manufacturers will be able to broaden the L-PBF technology's range of...
According to China customs data, Chinese aluminium extrusion exports amounted to 82,200 tonnes in November 2022, up by 8,100 tonnes or 10.9 per cent month-on-month but down by 6.7 per cent year-on-year. Gunagdong province accounted for 51.2 per cent of the total exports, followed by Shandong at 12 per cent, and Hunan at 3.9 per cent. In addition, the exports from Hunan increased considerably, but those from Anhui fell. The overall export market stood stable in November, with extrusion exports to Vietnam reaching 7,641 tonnes, taking up 9.3 per cent of the total exports. To Phillipines, China’s aluminium extrusion exports stood at 5,413 tonnes, taking up 6.6 per cent of the total, and to Israel, 4,427 tonnes, taking up 5.4 per cent. Aluminium extrusion export rebounded in November 2022...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 3,000 per tonne, with effect from December 20. That followed a cut of INR 2,750 per tonne in the previous week, December 17. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 230,000- 237,500 per tonne versus INR 233,000-240,500 per tonne on December 17. The company’s aluminium billet price has amounted to INR 231,500 per tonne, compared to INR 234,500 per tonne last week. Vedanta’s aluminium ingot price has also experienced a loss of INR 3,000 per tonne reaching at INR 222,500- 253,500 per tonne as of December 20. Vedanta has further cut its aluminium ingot and aluminium products prices in response to the LME aluminium benchmark price fall over the weekend by US$27 per tonne...
Aluminium Stewardship Initiative (ASI) has certified China Hongqiao Group’s subsidiary operation Shandong Hongchuang Aluminium Holding Co., Ltd., along with its three wholly-owned subsidiaries, against the Performance Standard V2 (2017) Certification. Shandong Hongchuang Aluminium Holding Co., Ltd. is primarily engaged in research and development, production and sales of aluminium sheets, strips and foils, including household foils, container foils, blister foil and decorative foil, destined for food and pharmaceutical packaging, architectural decoration, and transportation. It has an annual production capacity of 200,000 tonnes of the roll-casting plate, 200,000 tonnes of the cold rolled plate and 120,000 tonnes of foils. On receiving the certification, Zhang Wei, General Manager at...
The Architectural Aluminium Ltd., a construction company that erected extensive cladding on many well-known industrial and commercial structures, including Terminal 2 at Dublin Airport, has been appointed joint provisional liquidators by the High Court. The construction company based in Dublin's Western Business Park had gone bankrupt after registering losses of almost €988,000 up to October. By the end of the next month, more losses of about €1.6 million are anticipated, and the total amount owed to creditors is already €5.2 million. It has 133 employees. To protect the company's assets, particularly the items it had stored on several sites in Dublin, Kilkenny, and Carlow, the firm's directors petitioned the court on Friday to appoint a provisional liquidator. The petition claimed that...
