In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
SuperAlloy Industrial is pushing into semiconductor equipment components as it seeks to build a second growth engine alongside its established automotive wheel business, with customer validation of aluminium chamber components now under way. The Taiwanese aluminium manufacturer reported...
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Is life possible on Mars? This is one of the most trending questions scientists are trying to solve. According to the latest reports, scientists have devised a novel method to warm Mars by introducing engineered particles—similar in size to commercial glitter and composed of iron or aluminium—into...
Researchers at the Shanghai Institute of Microsystem and Information Technology, part of the Chinese Academy of Sciences (CAS), have developed a semiconductor chip insulator made from artificial sapphire, a breakthrough that could potentially extend smartphone battery life. The study proposes that...
Novelis Inc., an American industrial aluminium company that has etched its name in flat-rolled product manufacturing and recycling, announced the first quarter results for FY2024-25, which ended June 30. The results revealed robust earnings growth, led by a double-digit increase in beverage...
Scientists at the Institute of Non-Ferrous Metals of the Siberian Federal University (SFU) have developed an effective model for casting flat ingots from an economically alloyed aluminium-scandium alloy, initially created at the university for RUSAL. This innovative modelling approach for ingot...
During the first half of the year, Northwest Aluminum experienced a significant 68.37 per cent increase in profit compared to the previous year. The company also optimised its operating cash flow by 63.19 per cent and reduced its asset-liability ratio by 6.88 per cent. Product sales saw an uptick...
On its cutting-edge parts procurement platform, meviy, MISUMI Group Inc. has announced a 30 per cent discount on its CNC milling aluminium products as part of a strategic move to enhance customer value. This price reduction is effective immediately and underscores the company's commitment to...
China’s Baoshan Iron and Steel (Baosteel) and Baowu Aluminum have partnered with Japan’s Kobe Steel to form a new joint venture in a significant move within the automotive materials sector. This collaboration aims to produce aluminium sheets specifically for the automotive industry. The automotive...
In the wake of growing digitisation in the global aluminium industry, Hongfa Aluminum, a subsidiary of China Hongqiao Group, has embarked on a journey of digital transformation across all its manufacturing units. According to a report, the company has integrated artificial intelligence to achieve...
Vedanta Aluminium has received a certification from the Bureau of Indian Standards (BIS) for its 12 mm aluminium wire rods manufactured at the BALCO facility in Korba, India. In addition, the company has acquired six renewed certifications for other products. Vedanta had launched these 12 mm wire...
The extended period of weak demand for aluminium has adversely affected both prices and metal deliveries. This trend is evident in European aluminium foil shipments, which totalled 217,800 tonnes in the first three months of 2024. According to the European Aluminium Foil Association, this shipment...
In a recent statement, the Global Trade Research Initiative (GTRI) highlighted that the European Union's suggestion for India to impose a local carbon tax as a workaround to the EU's upcoming carbon tax would offer little respite to Indian industries. Despite implementing a similar domestic levy,...
Aluminium sulphate producer Chilmund Chemicals is preparing to export its water treatment chemicals to several regional countries as a part of its strategy for regional expansion. During the Southern African Development Community (SADC) Industrialisation Week, Business Development Director Mr...
The European Public Prosecutor’s Office (EPPO) in Cologne, Germany, has filed charges against two Chinese nationals for evading anti-dumping duties through a German company. The charges relate to 20 instances of aluminium foil imports into Germany. The defendants are allegedly accused of falsely...
Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce and Industry has reportedly put forward the proposal of imposing an anti-dumping duty of up to INR 577 per tonne on aluminium frames originating from China. The news came last week after the Directorate stated the plan,...
China's industrial profits experienced accelerated growth in June, despite businesses contending with diminished consumer sentiment amid an uncertain economic recovery. Official data released on July 27, 2024, indicated a 3.6 per cent year-on-year increase in profits last month, following a 0.7 per...
DUBAL Extrusion Investment (DEI), a wholly-owned subsidiary of DUBAL Holding (DH), has named Faisal Sarhan as the new Chief Executive Officer (CEO) of OSE Industries, a local aluminium extrusion company fully owned by DEI. Sarhan succeeds Magdy Samoul, who has served as CEO since 2012. Samoul will...
AMAG Austria Metall AG, a leading Austrian supplier of primary aluminium, premium cast, and rolled aluminium products, announced its financial results for the first half of 2024 ended June 30, whereby it said the challenging environment in terms of demand for aluminium rolled products continued in...
China-based Guochao Aluminum recorded a total industrial output value of RMB 820 million during the first half of 2024 (H1). In the second quarter (Q2) alone, the company produced over 12,000 tonnes of aluminium, generating an output value of RMB 615 million and surpassing the quarterly target by...
