Europe’s recycled aluminium production: Germany, Italy and the UK anchor a competitive market
Europe’s recycled aluminium industry is an important component of the global secondary aluminium supply chain, with Germany, Italy and the United Kingdom (UK) representing key national markets. Production across the European region stood at nearly 6 million tonnes in 2023, supported by established scrap recovery systems, industrial recycling capacity and demand for recycled metal. Russia also contributes to the regional landscape through secondary aluminium production units concentrated in several industrial centres. According to AL Circle’s analysis in its report, “ World Recycled ALuminium Market Analysis Industry Forecast ”, the four countries present different market structures, from Germany’s substantial recycling capacity and Italy’s scrap-based production to the UK’s organised...
Global EV sales to hit 35.4 million by 2030, with aluminium usage forecast to rise 38% in North America & 79% in China
From just 2 million vehicles in 2018 to a projected 35.4 million in 2030, the rise of electric vehicles (EVs) is reshaping the global automotive industry - and changing how much aluminium goes into every car. As automakers expand EV production, aluminium is finding new applications in battery enclosures, electric-drive housings, vehicle bodies and structural components, making the metal an increasingly important part of the industry's transition. Global sales of battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are projected to reach 23.3 million units in 2026, up 11 per cent from 21 million in 2025. Sales are forecast to rise to 26.1 million in 2027, 29.2 million in 2028 and 32.2 million in 2029, before reaching 35.4 million in 2030. The market has grown...
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BHP Billiton set to demerge aluminium, bauxite and nickel assets
Investors have welcomed news that mining giant BHP Billiton appears set to establish a separate $20bn company comprising its aluminium, bauxite and nickel assets. The global mining giant issued a statement on Friday saying a demerger of assets is its preferred option after announcing in April that it is studying the next phase of simplification, including structural options. “A demerger of a selection of assets is our preferred option,” BHP said in a statement. Stocks rose about 2.46% on Friday afternoon after the market received news of the demerger. BHP shares rose 94c to $39.10 by 4pm. The company says a portfolio focused on its iron ore, copper, coal and petroleum assets would retain the benefits of diversification, generate stronger growth in cash flow and a superior return on...
Nomura says aluminum rally is overdone
Alcoa shares trended down Thursday after one analyst said the worldwide aluminum market has slipped into an oversupply that will persist into 2015. Alcoa shares are up more than 50 percent year to date, hit a high of $17.22 last month, but has been in retreat in recent days. Nomura's Curt Woodworth said oversupply of the metal is causing weakness in spot prices which is also seen persisting into next year. "Aluminum's recent rally has been overdone," Woodworth said in a note, adding that he expects the metal will retreat to $0.82 per pound. The price recently crossed $0.91 per pound or $2,000 per metric ton. Investors have been buying up aluminum and storing it in warehouses that aren't registered with the London Metals Exchange and Woodworth sees a risk to prices if these stocks enter...
Global Bauxite and Alumina market review 2014
Research and Marke has announced the addition of the "Bauxite and Alumina Market Review" report to their offering. The report presents a thorough study of bauxite and alumina, covering both global and regional markets and aims to give a proper picture of the market, as well as its trends, perspectives and opportunities. Comprehensive data showing bauxite and alumina production, consumption, trade statistics and prices are provided (both nationwide and worldwide). Each country's market overview covers the following: bauxite and alumina production in the country, major producers, bauxite and alumina consumption in the country market, bauxite and alumina trade in the country, bauxite and alumina prices. The report offers a 5-year outlook on the reviewed market, including bauxite and alumina...
JDR in Nordsee One cable deal
UK energy technology developer JDR has inked a order with contractor Siem Offshore to deliver more than 70km of new-look aluminium core inter-array cabling for RWE Innogy's Nordsee One wind power development off Germany. Under the terms of the deal, JDR will supply two lengths of cable – one 240mm-square diameter and a 800mm-square diameter aluminium conductor – both of which will be XLPE insulated for North Sea conditions. Alongside the inter-array cables, which will be manufactured at JDR's facility in Hartlepool, northeast England, the order will include a range of accessories including cable-pulling grips and hang-offs, cable cleats, power-core termination connectors and fibre optic splice boxes. "This project is a strategically important development for the European offshore wind...
Noranda Aluminum up 7.2%, shares break through resistance
Noranda Aluminum is one of today's best performing low-priced stocks, up 7.2% to $4.46 on 1.0x average daily volume. Thus far today, Noranda Aluminum has traded 641,000 shares, versus average volume of 640,000 shares per day. The stock has outperformed the Dow (7.2% to the Dow's 0.5%) and outperformed the S&P 500 (7.2% to the S&P's 0.7%) during today's trading. Potential upside of 73.8% exists for Noranda Aluminum, based on a current level of $4.46 and analysts' average consensus price target of $7.75. The stock should discover initial support at its 50-day moving average (MA) of $3.92 and subsequent support at its 200-day MA of $3.54. In the past 52 weeks, Noranda Aluminum share prices have been bracketed by a low of $2.21 and a high of $5.08 and are now at $4.46, 102% above that low...
Restricted supply to keep Aluminum prices elevated in Q3 2014: FastMarkets
The Quarterly Analysis and Forecast report on Aluminum published by FastMarkets and Sucden Financial forecasts elevated prices and premiums during the third quarter of the current year primarily on account of restricted supply of the metal. According to the report, the downward trend in Aluminum has ended in early-February this year when the prices touched the bottom of $1,671.25 per tonne. Since then, the prices have been moving in an upward trend. The trend is expected to sustain during Q3 2014. However, forward selling by marginal producers are likely to keep the prices capped in the range of $2,000 per tonne. The effect of closure of existing facilities is likely to be offset by the new capacities in the Middle East region. Some local governments in China too are seen focused on...
Hind Aluminium Industries standalone quarterly earnings plunges 74.58%
Hind Aluminium Industries said a substantial drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 74.58% to INR 8.67 million from Rs 34.10 million in the same quarter previous year. Net sales for the quarter declined 34.23% to INR 811.73 million, compared with INR 1,234.28 million for the prior year period. Quarterly Results - Standalone (INR in mn) As at Jun - 14 Jun - 13 %Change Net Sales 811.73 1,234.28 (34.23) Net Profit 8.67 34.10 (74.58) Basic EPS NA NA Shares of the company gained INR 1.1, or 2.43%, to trade at INR 46.35. The total volume of shares traded was 696 at the BSE.
Romanian aluminum producer Alro posts EUR 18 mln loss in the first half
Romanian aluminum producer Alro S.A. recorded an adjusted net loss of RON 80 million (almost EUR 18 million) in the first six months of the year, over four times higher than the RON 17 million loss posted in the same period in 2013, according to the company’s financial results. The turnover also went down to RON 966 million (EUR 216.5 million) in the first half of this year, compared to RON 1.02 billion reported in the same period the year before. “Two major factors continued to impact Alro’s results during this half year as well: the international aluminum market, where the demand is still weak, while, locally we faced the high costs for energy”, said Marian Nastase, Chairman of the Board of Alro. Alro Group registered an adjusted net loss of RON 89 million (almost EUR 20 million) in...
Mercedes Benz and Renault replace aluminum pistons with steel pistons
Aluminum, which is a material that modern diesel engine pistons have been using may get replaced by steel. Mercedes Benz and Renault are two such big automaker who are replacing aluminum pistons in diesel engines with steel ones. This change will make diesel engines more fuel efficient to the tune of 3% with CO2 emissions also being reduced by 3%. The specific output of modern day turbo diesel engines are rising due to improved common rail injection systems and turbocharging. More power means more stress on materials uses to build engines. Steel is stronger than aluminum. So the metal may replace aluminum in pistons.
Bhoruka Aluminium swings to loss in Apr-Jun quarter
Bhoruka Aluminium swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of INR 1.44 million compared with a profit of INR 376.00 million in the same quarter previous year. Net sales for the quarter declined 99.43% to INR 0.39 million, compared with INR 68.27 million for the prior year period. Earnings per share stood negative at INR 0.03 compared with INR 6.84 in same quarter last year. Quarterly Results - Standalone (INR in mn) As at Jun - 14 Jun - 13 %Change Net Sales 0.39 68.27 (99.43) Net Profit (1.44) 376.00 - Basic EPS (0.03) 6.84 - Shares of the company declined INR 0.04, or 3.7%, to trade at INR 1.04. The total volume of shares traded was 5,171 at the BSE.
Aluminium down 0.4% on global cues
Aluminium prices fell by 0.36% to INR 124.50 per kg in futures trading today as speculators reduced their positions amid weak global cues. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in August shed 45 paise, or 0.36%, to INR 124.50 per kg in business turnover of 440 lots. Similarly, the metal for delivery in September traded lower by 30 paise, or 0.32%, to INR 125.25 per kg in 367 lots. Globally, aluminum fell 0.2% to $2,048 per tonne at the London Metal Exchange. Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the London Metal Exchange (LME) before data on industrial production from China, the world's biggest user of...
A356 Aluminum alloy processing fees in China to Stabilize in August following July’s uptick
Processing fees for A356 aluminum alloy in China are expected to stabilize between 700-750 yuan ($114-122) per tonne in August after July’s slight rise, Shanghai Metals Market foresees. Tight supply, high production costs and limited demand growth will keep processing charges for the wheel making ingredient stable in August, SMM estimates. Falling supply and rising aluminum prices were major contributors to the 50 yuan/tonne rise in processing fees in July. Some alloy makers cut output against high production costs, while others shifted to aluminum bar production for decent sales. As a consequence, the average operating rate at the surveyed alloy makers slipped month-on-month to 66.88% in July, causing the monthly output to drop 1,000 tonnes from a month ago to 107,000 tonnes.
Alba announces Gulf Air as the official airline partner for ARABAL 2014
Aluminium Bahrain B.S.C. (Alba), a leading aluminium producer in the world, today, August 13, 2014, announced Gulf Air - the national carrier of the Kingdom of Bahrain - as the official airline partner for Arabal 2014. The Arabal Conference is an event of international repute, which brings together key players from the aluminium industry across the world on a single platform. Alba will host Arabal 2014 under the patronage of HRH Prince Khalifa bin Salman Al Khalifa the Prime Minster of the Kingdom of Bahrain from November 25 to 27, 2014 at the Gulf Hotel, Bahrain under the theme - “GCC: An aluminium power house”. Commenting on the signing with Gulf Air, Alba’s Chief Operations Officer, Isa Al Ansari said: “We are excited to have Gulf Air as the official airline partner for Arabal 2014....
Sumitomo joins Goldman in expectation of the aluminum market swinging into a deficit
The global aluminum market will swing into a deficit this year for the first time since 2006 as cuts in output deepen and demand from automakers grow, according to trading house Sumitomo Corp. Global consumption will outpace supply by 61,000 metric tons in 2014, flipping from a surplus of 580,000 tons last year, said Shingi Yamagiwa, Sumitomo’s manager of light metals trading. The deficit will widen to 493,000 tons in 2015, he said. Sumitomo, which owns stakes in smelters from Malaysia and Australia to Brazil, joins Goldman Sachs Group Inc. in predicting demand will overtake supply this year. The world will face a 579,000 ton shortfall after seven years of oversupply and low prices resulted in the closing or curtailment of 50 smelters, Goldman Sachs said in a July 23 report. Citigroup...
National Aluminium Company's net profit up 69.68 percent
National Aluminium Company reported an increase of 69.68 percent in it's net profit for the first quarter of current fiscal at INR 270.99 crore. The company had posted a net profit of INR 159.70 crore for the quarter ended June 30, 2013. According to the company, its total income in the quarter under review grew by 7.53 percent at INR1,870.40 crore from INR 1,739.26 crore for the quarter ended June 30, 2013.
Minerals output jumps, revenue falls
Minerals output rose in the first half of 2014 but revenues declined due to lower prices, Chamber of Mines data have shown. Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013. Bauxite revenue increased significantly, by 78 percent, on account of the substantial rise in shipments of the ore which went up by 108.4 percent. Shipments rose from 292,778 tonnes to 610,074 tonnes in the period. Alfred Baku, Executive Vice President of Gold Fields’ West Africa Operations, has said mining investments are under threat as companies are cancelling new projects and closing mines due to pressure from price-dips, cost increases and higher taxes. “Equity investors have become frustrated as miners have...
Australia Minerals and Mining Group's new MD is Iggy Tan
Australia Minerals and Mining Group has revealed the appointment of Iggy Tan as managing director effective 25 August 2014. Tan will be responsible for managing and implementing the next stage of AKA's strategic business objectives, which includes the commercialisation of the high purity alumina project in Western Australia. Tan has been involved in the commissioning and start-up of seven resource projects in Australia and overseas. He holds vast experience in chemical mineral processing, off-take marketing of high purity mineral and chemical products, and managing feasibility studies.
AluSolutions event commences from 21st to 22nd Oct 2015
The dates for AluSolutions, the only event aimed at promoting sustainability in the aluminium industry, have been announced as 21st – 22nd October 2015 at the International Centre, Toronto. AluSolutions is the only event dedicated to sustainability in the aluminium industry and provides a platform to discuss industry challenges and the latest developments for aluminium production and processing. The two-day exhibition will host equipment OEMs, plant suppliers, smelters and recyclers, while the conference will invite international speakers to discuss growing sustainability across the industry, recycling targets, case studies, technological innovations and a look at what the future might hold.
