Fire crews responded to a molten aluminium spill at Bridgnorth Aluminium on September 14 afternoon after the incident caused several small fires at the facility. Crews from Bridgnorth and Much Wenlock arrived shortly before 4 pm on September 14. The incident was recorded as a building fire, and operations officers also attended. Firefighters dealt with the fires caused by the molten aluminium spill. The incident also shows the role fire crews can play when such an incident occurs at a production facility. Molten aluminium is handled at very high temperatures, so a quick response is important when a spill leads to fire. Firefighters are trained to deal with these situations and can provide industries with support when an unexpected incident takes place. Prompt actions play a key role in...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,150 per tonne, up RMB 110 or 0.46 per cent from yesterday's settlement price. It opened at RMB 24,120 per tonne during the day and fluctuated in the range of RMB 24,075-24,195 per tonne. Prices traded below MA5 (24,205.00) and MA10 (24,312.50), and above MA30 (24,065.00) and MA60 (23,616.83). The short-term rebound structure has been partially repaired, while the consolidation pattern continues, with short-term moving averages above forming key resistance. The MACD DIF (123.0407) is below DEA (150.9039), and the MACD green bar stands at -55.7263, indicating bulls' momentum remains weak. The suggested core trading range for SHFE aluminium is RMB 23,800-24,600 per tonne. The LME aluminium 3M contract settled at USD 3,249...
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Rick Hindley joined Podback as executive director in May 2021, soon after the scheme launched. Rick is responsible for setting and overseeing the strategic direction of Podback, including working with local authorities, retailers and coffee brands to grow the scheme. Rick has held several high-profile positions in the aluminium packaging sector, initiating and advising on the development of collection and recycling programmes in the UK and Europe. He joined Podback from the Aluminium Packaging Recycling Organisation (Alupro), where he had been executive director since 2007. During his tenure at Alupro, aluminium packaging saw record-breaking recycling rates. Rick previously sat on the Government’s Advisory Committee on Packaging (ACP). 1. What was the motive behind establishing the...
The aluminium industry witnessed an impact in 2022 due to augmented energy prices and the overall challenges encountered with the logistical discrepancies mainly made prominent due to the ongoing Russian-Ukraine geopolitical crisis. With the end of 2022, the entire aluminium sector is moving forward to attain more impressive opportunities in H1 2023. The worldwide demand for aluminium, driven by the quest for more sustainable products, is on an optimistic drive this year. Yet, the harrowing consequences of the prevailing recession in the US and the western countries, alongside the impending inflation rate, are quite a cause for concern. To demonstrate a compiled futuristic view, Alcircle has come up with its latest “ Global Aluminium Industry Outlook 2023 ” report that gives the reader a...
One of the world’s leading marketers of physical commodities, Glencore, has reportedly delivered 40,000 tonnes of Russian aluminium to the LME-approved warehouses in the South Korean port of Gwangyang, two sources familiar with the matter reported to Reuters. The addition of Russian metal to LME warehouses is likely to trigger a fear of LME benchmark price drop, which many producers wish to avoid as their contracts refer to the LME prices. But Glencore, when contacted, declined to comment, while Rusal told Reuters it did not deliver any of its metal to the LME system. Since the Ukraine-Russia conflict, many countries and companies imposed sanctions against Russia and chose not to renew contracts with Rusal for aluminium supply. But at the same time, many firms from various industries like...
A00 aluminium ingot price has shrunk by RMB 40 per tonne, halting at RMB 18,730 per tonne, as the Shanghai Metals Market recorded on January 31. The aluminium prices are on a downward trajectory just after the Chinese New Year holidays are over. The average prices are expected to range between RMB 18,710 per tonne and RMB 18,750 per tonne, with spot contracts trading at discount prices of RMB 120 per tonne and RMB 80 per tonne. The eight provinces in China all have seen deescalating prices today, with aluminium prices plunging the highest in Shenyang by RMB 60 per tonne, closing at RMB 18,710 per tonne. Followed by that, the aluminium prices in Foshan and Chongqing also have lost RMB 50 per tonne, halting at RMB 18,770 per tonne and RMB 18,750 per tonne. In Linyi, the aluminium price...
LME aluminium opened at US$2,631.5 per tonne on Monday and closed at US$2,566 per tonne, a decrease of US$61.5 per tonne or 2.34 per cent. On Monday, January 30, both LME aluminium cash bid price and LME aluminium official settlement price moved down by US$20 per tonne or 0.78 per cent and 0.77 per cent to settle at US$2,576 per tonne and US$2,577 per tonne. 3-month bid price and 3-month offer price decreased by US$24 per tonne or 0.91 per cent and US$23 per tonne or 0.87 per cent to close at US$2,613 per tonne and US$2,615 per tonne. December 24 bid price and December 24 offer price slipped by US$25 per tonne or 0.89 per cent to halt at US$2,765 per tonne and US$2,770 per tonne. LME aluminium opening stock stopped at 411650 tonnes. Live warrants and Cancelled warrants scored at 231125...
With the aim of setting global best practices for the aluminium industry while enhancing the sustainability of EGA's computing operations, Microsoft UAE and Emirates Global Aluminium, the world's largest 'premium aluminium' producer, announced their intention to work together on Industry 4.0 and broader digital transformation. "We are proud to partner with EGA, the largest 'premium aluminium' producer in the world, to accelerate their Industry 4.0 transformation while also pioneering further improvements in Microsoft's own cloud for manufacturing services. I look forward to further collaborations between EGA and Microsoft in the future, both locally and globally," stated Naim Yazbeck, General Manager at Microsoft UAE. The new agreement calls for the two businesses to collaborate to...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas totalled 986,000 tonnes as of Monday, January 30, up 57,000 tonnes from 929,000 tonnes on January 28 and 242,000 tonnes higher than the pre-Chinese New Year level. As of Saturday, January 28, the first day after the week-long Chinese New Year (CNY), the inventories recorded a surge of 185,000 tonnes from pre-CNY level and a year ago. The increase of 185,000 tonnes or 24.9 per cent was in line with SMM's previous forecast. The surge in inventories could be attributed to continued cargoes arrivals over the past couple of days amid limited warehouse withdrawals. The chart below indicates the status of primary aluminium inventories across China as of January 28: Gongyi...
According to the International Aluminium Institute, primary aluminium production in Africa stood at 140,000 tonnes during December 2023, registering a hike of 11.11 per cent or 14,000 tonnes month-on-month from 126,000 tonnes. On a year-on-year basis, Africa’s primary aluminium output in December’22 edged a slight drop of 2,000 tonnes from 138,000 tonnes. In the fourth quarter of 2022, Africa’s primary aluminium production totalled 407,000 tonnes, down by 1.45 per cent from 413,000 tonnes in the previous quarter despite a monthly rise in December. On a year-on-year calculation, Africa’s Q4 output grew marginally by 1,000 tonnes from 406,000 tonnes, found IAI. The aggregate output of primary aluminium in Africa through 2022 summed at 1.622 million tonnes, up by 2.01 per cent from 1.590...
On Monday, January 30, A00 aluminium ingot price in China opened the week with a drop of RMB 210 per tonne to halt at RMB 18,770 per tonne. The spot contract price is expected to be traded at a discount price of RMB 130 per tonne to RMB 90 per tonne, with the average prices expected to stand between RMB 18,750 per tonne to RMB 18,790 per tonne. The A00 aluminium ingot prices have gone down in all the major provinces. To begin with, the prices in Foshan, Hangzhou and Chongqing have descended by RMB 210 per tonne to halt at RMB 18,820 per tonne, RMB 18,765 per tonne and RMB 18,800 per tonne. As per the SMM data, the price in Wuxi has dipped by RMB 205 per tonne to reside at RMB 18,760 per tonne. On the same day, both Gongyi and Tianjin experienced a fall of RMB 190 per tonne to score at RMB...
LME aluminium opened at US$2,593 per tonne last Monday, with its weekly high and low at US$2,664 per tonne and US$2,593 per tonne respectively before closing at US$2,627.5 per tonne, an increase of US$37.5 per tonne or 1.45 per cent. On January 27, Friday, the LME aluminium cash bid price dropped down by US$0.50 per tonne or 0.02 per cent, settling at US$2,596.50 per tonne and the LME aluminium official settlement price experienced a fall of US$1 per tonne or 0.04 per cent, closing at US$2,597 per tonne. The 3-month bid price deescalated by US$3 per tonne or 0.11 per cent, officially resting at US$2,637 per tonne, and the 3-month offer price saw a decrease of US$4 per tonne or 0.11 per cent to halt at US$2,638 per tonne. December 24 bid price and December 24 offer price permuted to...
Vedanta Aluminium has attained the second position in world ranking according to the S&P Dow Jones Sustainability Index (DJSI) for the aluminium industry (FY2021-22). Hydro spearheads the call for sanction against Russian aluminium under provisions laid by the EU’s Critical Raw Materials Act. The Brazilian aluminium industry has vouched to depend less on imports and utilise more domestically produced metal in 2023, owing to the demand for aluminium in the inland territories. The LME aluminium price kept escalating with a slight downfall nearing the end of this week on Thursday, January 26, halting at US$2,598 per tonne, whereas the overall trajectory was by US$12.50 per tonne or 0.48 per cent if we take Monday’s data into account, which was US$2,585.50 per tonne as of Friday, January 20....
On Thursday, January 26, MYTILINEOS S.A., a leader in the metallurgy industry with vertically integrated bauxite, alumina, and primary and recycled aluminium production, announced the full-year financial results for 2022, revealing a record net profit (after taxes and minority interest) of €466 million versus €162 million in 2021. Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 130 per cent year-on-year from €359 million to €823 million. As per the financial report published by the company, it generated an annual turnover of €6,306 million, up by 137 per cent from €2,664 million in 2021. The recommended dividend was €1.20 per share, up 176 per cent from a year ago. The key takeaway from the report is MYTILINEOS’ net debt position and its reduction to...
The Indian mining and metal giant Vedanta's board of directors has approved plans to source 91 MW of Hybrid Renewable Power, according to a regulatory filing. 50 MW will be used for aluminium operations, 16 MW for copper operations, and 25 MW for oil and gas operations across India. As a result, Vedanta will enter into Power Delivery Agreements (PDAs) through special purpose vehicles (SPVs) affiliated with Serentica Renewables India Private Limited (SRIPL). This company provides renewable energy based on solar, wind, and battery storage solutions. The decision, which is in line with Vedanta's ESG vision of "Transforming for Good", is the first in a series of steps the company will take to achieve its objectives of becoming "Net Zero Carbon by 2050 or sooner" and "using 2.5 GW of Round the...
Aluminium Stewardship Initiative has awarded PT Indonesia Asahan Aluminium (INALUM) Persero the Performance Standard V3 (2022) Certification for the smelting plant at Kuala Tanjung, Indonesia. Asahan Aluminium (INALUM) Persero is the first company to have received the updated Performance Standard V3 certification, which was launched in May 2022 following multiple revisions over the years. INALUM produces aluminium ingot, aluminium billet and aluminium alloy, with an approximate production capacity of 250,000 tonnes per year. The ASI Performance Standard V3 certification defines 11 principles and 62 criteria under three sustainability pillars - Environment, Social, and Governance to address pressing sustainability issues in the aluminium value chain, like biodiversity, circularity, and...
The world’s biggest premium aluminium manufacturer, Emirates Global Aluminium (EGA), reported that it catered 203,000 tonnes of waste to other industries as feedstock in 2022. The quantity was almost twice as much as the EGA produced in 2022, resulting in lower stocks than in prior years and a 40 per cent increase in 2021 as the economy recovered from COVID-19. EGA has collaborated with other businesses in the UAE for more than a decade to identify profitable use for aluminium manufacturing waste. Reuse helps create a circular economy by keeping waste out of landfills and minimizing the need to use new natural resources. The most significant by-product of the aluminium smelting process, and one EGA leads the world in recycling, is discarded pot lining. Experts in the field estimate that...
According to S&P Dow Jones Sustainability Index (DJSI), Vedanta Aluminium, India’s largest aluminium producer, has achieved the 2nd spot position in world rankings for the aluminium industry for FY2021-22. The S&P Dow Jones Sustainability Index is the world-class benchmark to assess the companies’ performance in terms of economic, environment, and social criteria. Vedanta Aluminium has moved up two spots from the 4th rank in FY21, turning into the second most sustainable aluminium producer globally. More than 10,000 companies from various industries go through annual assessments of sustainability practices, of which only a few get selected for inclusion in the list. Vedanta Aluminium has achieved better ranking based on Environment, Social and Governance (ESG) criteria, including...
The LME aluminium benchmark price slipped on Thursday, January 26, after three consecutive days of rise. While the LME aluminium cash bid price shrank by US$8.5 per tonne or 0.33 per cent to US$2,597 per tonne, the LME aluminium official settlement price contracted by US$8 per tonne to stand at US$2,598 per tonne. However, the 3-month bid price and the 3-month offer price recorded an increase of US$2.50 per tonne and US$3.50 per tonne, respectively, to peg at US$2,640 per tonne and US$2,642 per tonne. December 24 bid price and December 24 offer price grew by US$7 per tonne to rest at US$2,780 per tonne and US$2,785 per tonne. The LME aluminium opening stock accumulated 37,875 tonnes on Thursday, January 26, to amount to 419,425 tonnes, following a restraint on the previous day. Live...
In the first nine months of the current Iranian calendar year (March 21–December 21, 2022), Iran's aluminium ingot production increased by 19 per cent compared to last year. According to statistics, the production of aluminium ingot increased from 398,610 tonnes in the same time last year to 474,601 tonnes in the first nine months of this year. South Aluminum Corporation (SALCO), one of the country's four major producers, produced the most aluminium ingots in the first nine months of the current year—203,231 tonnes followed by Iranian Aluminum Company (IRALCO), which produced 132,394 tonnes, Almahdi Aluminum Company, which produced 11,479 tonnes, and Iran Alumina Company, which produced 27,497 tonnes. According to data previously released by the Iranian Mines and Mining Industries...
