Odisha Chief Minister Mohan Charan Majhi visited Emirates Global Aluminium’s (EGA) Jebel Ali site in Dubai, highlighting the strategic importance of the NALCO–EGA technology licensing partnership in strengthening Odisha’s aluminium industry. During the visit, Majhi emphasised how the collaboration...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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Qingxin Carbon recently secured authorisation for its latest innovation focussing on the electrolytic aluminium industry from China National Intellectual Property Administration invention patent. This latest patent is for an "Electrolytic Aluminum Cathode Side Corner Scratching Machine." Image...
The International Committee for Study of Bauxite, Alumina, and Aluminum (ICSOBA) 2024 commenced on October 27, 2024, with a remarkable opening address by Dr. Frank Feret, Chairman of the Supervisory Board, Treasurer, ICSOBA. The event has already made waves, with over 570 in-person registrations...
Alcoa Corporation welcomes the U.S. Treasury Department’s final regulations on the Section 45X Advanced Manufacturing Production Credit, enacted as part of the Inflation Reduction Act (IRA). As recognised by the Administration, Section 45X is an important tool for shoring up domestic manufacturing...
The fifteenth session of the National Dialogue on Climate Ambition (NDCA) held by the Ministry of Climate Change and Environment (MOCCAE) at Emirates Global Aluminium headquarters in Al Taweelah focused on the innovative solutions that advance the decarbonisation of the aluminium sector in line...
Aluminum plays a crucial role in the global economy, and the increasing demand for this green metal highlights its enduring importance. Despite occasional setbacks or fluctuations, the market for aluminium remains resilient. The upstream aluminium sector, which includes bauxite, alumina, and...
According to the General Administration of Customs, China's primary aluminium import receded from its monthly high in September 2024, marking a sequential decline of 16 per cent. Even on an annual basis, the import volume decreased by 31.7 per cent, astonishing the industry for the unprecedented...
In a significant upward revision, the leading global investment banking, securities, and asset and wealth management firm, Goldman Sachs, has enhanced its 2025 price forecasts for aluminium and copper, driven by increased demand potential in China, the world's largest consumer of these metals. The...
Norsk Hydro, a Norwegian aluminium and renewable energy company, has released its third quarter and nine-month results, reporting a satisfactory fiscal performance driven by increased alumina and aluminium prices. Meanwhile, the downstream sectors are navigating challenging core markets, offering a...
Global metals and mining company focused on bauxite, alumina, and aluminium, Century Aluminum, commends the Biden Administration for finalising the guidance on the Advanced Manufacturing Production Credit (Section 45X of the Inflation Reduction Act). This pivotal move strengthens U.S. production of...
Aluminium Bahrain B.S.C. (Alba) has taken significant steps toward exploring a potential merger with the Saudi Arabian Mining Company (Maaden), appointing several top-tier advisors to guide the due diligence process. In a disclosure to the Bahrain Bourse, Alba confirmed the appointment of Moelis &...
Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter outside China, has expanded its leadership team by appointing a new Chief Human Resource Officer (CHRO). Fahad Mohamed Abdulla Danish, joining on October 27, 2024, will spearhead Alba's human resources strategy, supervising...
In a significant partnership aimed at transforming India's B2B eCommerce landscape, Accel and IFC-backed Bizongo have signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise (CPSE) and one of the country's largest...
Qatar Aluminium Manufacturing Company (Qamco) posted a 21 per cent increase in profits for the first nine months of 2024 despite rising raw material costs. By the end of September, the company's profit reached QR427.7 million ($117.3 million), up from QR353.5 million during the same period in 2023....
Hydro has decided to reduce its stake in Vianode, a synthetic graphite producer based in Norway, from 30 per cent to 19.9 per cent. On September 6 , private equity fund Altor exercised a put option requiring Hydro to buy an additional 20 per cent of Vianode. However, this transaction did not...
Transnet National Ports Authority (TNPA) has entered into a 15-year lease agreement with South32 Hillside Aluminium, ensuring the continued operations of South Africa's sole primary aluminium producer at the Port of Richards Bay in KwaZulu-Natal. Hillside, the largest aluminium smelter in the...
Evangelos Mytilineos, Chairman & CEO of METLEN Energy & Metals, has been re-elected as President of Eurometaux, Europe’s Association for the Non-Ferrous Metals industry, at its General Assembly. His leadership, renewed for a second two-year term, comes at a crucial moment for the European metals...
In September 2024, primary aluminium production globally experienced a month-on-month fall, mirroring the trend seen across all the major primary metal-producing countries/regions. However, the monthly fall in September posed no impact on the growing trend through the third quarter of the year, as...
Amidst the chances of importing from intensively limited sources, the European Union (EU) is reconsidering banning Russia as its aluminium supplier. The immediate result? Small and medium-sized business entities, which rely on close to 70 per cent of turnover and 92 per cent of employment in the...
