Impact Minerals Limited has raised approximately AUD 2.2 million (USD 1.56 million) before costs through a renounceable rights issue, providing additional funding to advance its two high-purity alumina projects in Australia. The company issued nearly 69 million new shares and approximately 46 million options under the capital raising, which was launched in August. Impact Minerals said the offer received strong participation from existing shareholders, including full take-up by its major German family office investor. Any remaining shortfall shares may be placed within three months, subject to the allocation policy outlined in the offer. Funding targets pilot and customer qualification work The fresh capital will support development of Impact Minerals’ Lake Hope and Alluminous high-purity...
The USD 4 billion Oklahoma aluminium smelter project planned by Emirates Global Aluminium (EGA) and Century Aluminum is facing a new hurdle in Inola, where the city council has extended a moratorium on smelter permits and called a referendum on the proposed facility. The 750,000-tonne-per-year aluminium smelter, announced in January, is expected to more than double current US primary aluminium production and would be the first new primary aluminium smelter in the country in almost 50 years. It would also become the largest source of primary aluminium in the Western Hemisphere. The project has taken on added importance as the US imports roughly 60 per cent of the primary aluminium it uses. Aluminium is essential to transportation, defence, aerospace and electrical infrastructure, making...
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Following a hike in price since Wednesday, March 30, the A00 aluminium ingot price closed the week on Friday, April 1, with a surge of RMB 100 per tonne to peg at RMB 22,730 per tonne. The average price for the same is expected to hover between RMB 22,710 per tonne and RMB 22,750 per tonne, with spot contract to be traded at a premium price of RMB 110-70 per tonne. According to ING analyst Wenyu Yao, metals prices are projected to climb further as inflation pulls investors towards commodities, while low supply of industrial metals and the threat of more sanctions restricting Russian supplies are also driving up prices. The price in Gongyi and Foshan has moved up by RMB 140 per tonne and RMB 110 per tonne to record at RMB 22,630 per tonne and RMB 22,760 per tonne. For the same day the...
LME aluminium opened at US$$3,540 per tonne on Thursday, March 31, and closed at US$3,468 per tonne, down US$78.5 per tonne or 2.21 per cent. The pressure created on Russia by all the other European and Australian metal giants is finally reducing the aluminium price in the London metal market. For three successive days the price of aluminium has recorded decline which brings hope to the Industries who deal with any form of this metal. The Russian forces have left Chernobyl to the Ukrainian Authority and the retreat of the soldiers might bring good news after all for the world economy. LME aluminium cash bid price stood at US$3,502 per tonne and LME aluminium official settlement price halted at US$3,503. The former recorded a fall of 0.11 per cent or US$4 per tonne and the latter decreased...
Orazio Zoccolan is presently serving Assomet, the Italian non-ferrous metals industries association, as a General Manager. He was born in Milan in 1960, and graduated in Political Science at the University of Milan. He started his career working for the Italian recycling aluminium association in 1989. He joined Assomet as an environmental manager in 1997 became a General Manager in 2020, after being a Secretary General of Centroal (aluminium group within Assomet) in 2012. Besides, he is a member of the Board of Directors of IGQ – certification body, Qualital Servizi – aluminium surface treatment certification body, and Gas Intensive Consortium. We are delighted to have him with us and know his views and opinions on the current European aluminium industry. To know in details, please...
The last few months has been tumultuous and yet interesting for the European Aluminium industry. The shortage of aluminium in the European market has propelled the regional prices to spike and then navigated to a fluctuating mode, which in turn has created opportunities for commodity traders to book profits while shipping the metal from warehouses thousands of miles away. In the last few months, large trading houses have loaded aluminium into break-bulk vessels destined for Europe from a Southeast Asian country. The trade would usually be unprofitable, but European buyers are willing to pay higher prices to get metal, offsetting the cost of the trade. Since the start of 2022, the price of European aluminium has increased by about 15%, surpassing its previous high of October 2021. It has...
The revised ASI Performance and Chain of Custody Standards are available for Certification and became available on May 19 th , 2022. The 2022 versions are the outcome of ASI’s first major revision since the launch of its Standards and Certification program in 2017. Cameron Jones, ASI Director of Assurance at the Aluminium Stewardship Initiative (ASI) Multiple rounds of review and public consultation, overseen by ASI’s multi-stakeholder Standards Committee, have resulted in more than 1000 improvement items being actioned, building on implementation experience, stakeholder feedback and evolving expectations. Initial work for the revision process kicked off in mid-2019 and has received valuable input along the way from the Indigenous Peoples Advisory Forum (IPAF), and Working Groups on...
2021 was a year of recovery for the global aluminium industry from unpleasant impacts of the COVID-19 pandemic. Right from the demand and usage to production, the aluminium industry underwent a revamp across all its value chain throughout the year 2021. Though the aggregate demand rose impressively through the year, many end-use sectors were yet to witness a full recovery from the 2020 set-back. While the packaging industry performed extremely well driven by beverage cans and pharma packaging, automobile production was far from reaching the pre-covid levels. The worldwide aluminium usage increased from 86.9 million tonnes in 2020 to 93.5 million tonnes in 2021, underpinned by 7.6% of demand growth in the same year. Production also expanded by 2.6% to 67 million tonnes but remained much...
Starting as a 120,000 tonnes per annum smelter in 1971, Alba, today, is the world’s largest aluminium smelter ex-China with a production of more than 1.561 million metric tonnes per annum (2021). In addition to molten metal, Alba produces a diverse range of superior Value-Added Products (VAP) -- Foundry grade re-melt products (T-Ingots, 10 Kg Standard Ingots, 22.5 Kg Standard Ingots, and 9.7 Kg Properzi Bars), Rolling Ingots (Slabs), Extrusion Ingots (Billets), Unalloyed P1020 remelt products (T-Ingots, 10 Kg Standard Ingots, 22.5 Kg Standard Ingots, and Sows). Our output – including liquid metal, customised alloys and a variety of surface finishes – goes to the local downstream industries as well as more than 240 global customers through Alba’s sales offices in Bahrain, Europe (Zurich),...
One of the most important targets for our business in 2022 and for the forthcoming years is to better support the aluminium casthouses that deal with aluminium recycling . Tomorrow Technology has always had a particular focus on this “green” sector, and we believe it is appropriate to invest in new ideas and technology. But not everyone knows what it means to recycle aluminium. Recycling aluminium goes far beyond the consideration we usually have for “paper recycling”. The classic Italian espresso coffee moka pots are almost always produced with recycled aluminium, just like frying pans and many other daily utensils that we use in our kitchens, bicycle gears, park benches, streetlamps and radiators that heat our homes. Each recycled kilogram of aluminium saves 95% of energy compared to...
Aluminum Industry, like many other industries, is facing new challenges. The lack of available manpower has experimented with in many countries. This issue will increase in the next few years. Even more, attractiveness for some tasks is lower for a new generation of workers. Some plants will be facing risk for operational continuity. Also, the situation in terms of global climate and greenhouse emissions represents a big challenge for our modern society – which requires real actions and new solutions. More and more groups and companies participate in this worldwide effort to bring new opportunities. Aluminium recycling is one piece of the puzzle to achieve the goal of ensuring a greener economy. Meanwhile, responsible companies integrate aluminium recycling into their marketing strategy....
Assan Alüminyum, a subsidiary of Kibar Holding and one of the 2 largest aluminium foil producers in Europe, expands further through a series of sustainable investments worth almost 100 million US dollars. The company strives to become more sustainable in environmental, social and governance (ESG) terms, while adopting the Aluminium Stewardship Initiative (ASI) global sustainability guidelines as business principles. In the first part of 2022, Assan Alüminyum successfully completed its on-site ASI Performance Standard audit, which was postponed due to travel restrictions posed by the pandemic, enabling the company’s flat-rolled aluminium production and recycling activities to be certified against global sustainability principles. ASI Performance Standards reflect a comprehensive...
On 31 st March 2022, the first aluminium smelter in the Middle East region which commenced its commercial operations in 1971, Aluminium Bahrain B.S.C. (Alba), has signed a Memorandum of Understanding (MoU) with Emirates Global Aluminium (EGA), the leader in global aluminium production, as well as one of the largest companies in the UAE to explore opportunities for further increase its production. Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of the Board at Alba and His Excellency Saeed Mohammed Al Tayer, the Vice Chairman of EGA witnessed the signing formalities of the agreement at Expo 2020 Dubai in the presence of EGA Board member Musabbeh Al Kaabi, Alba’s Chief Executive Officer Ali Al Baqali, EGA Chief Executive Officer Abdulnasser Bin Kalban, Alba’s Chief Supply Officer...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back on two consecutive days as LME aluminium benchmark price has been shedding off since March 29. With effect from Thursday, March 31, Hindalco’s aluminium ingot price has been slashed by INR 7,000 per tonne to stand at INR 303,000 per tonne. On the previous day (March 30), the price stood at INR 310,000 per tonne after being cut by INR 3,000 per tonne from INR 313,000 per tonne. Hindalco’s aluminium wire rod price has also been trimmed by INR 7,000 per tonne on March 31 from INR 321,100 per tonne to INR 314,100 per tonne. With effect from March 31, the company’s aluminium billets price has come in at INR 317,100 per tonne, also down by INR 7,000 per tonne from the previous day. Hindalco...
LME aluminium cash bid price and LME aluminium official settlement price continued to decrease for the second day in a row by US$75 per tonne or 2.09 per cent to stand at US$3,506 per tonne and US$3,508 per tonne, respectively. The downfall in LME aluminium prices followed the ease of supply concerns as Russia promised to scale down its military operations around Kyiv and in northern Ukraine. Signs of a lull in the conflict calmed the aluminium and other metal prices. On Wednesday, March 30, 3-month bid price and 3-month offer price nosedived by US$80 per tonne and US$81 per tonne to rest at US$3,526 per tonne and US$3,527 per tonne. Dec-23 bid price and Dec-23 offer price came in at US$3,373 per tonne and US$3,378 per tonne, down by US$67 per tonne from US$3,440 per tonne and US$3,445...
On Thursday, March 31, the A00 aluminium ingot price has fallen again for the second consecutive day to score at RMB 22,630 per tonne, finds the Shanghai Metals Market. The price has gone down by RMB 100 per tonne as of Thursday, March 31. The resumption of domestic aluminium production in some places has helped in easing out the demand-supply concern. However, though the price has declined, the output hasn’t reached a satisfactory number as it was last year. For today, the average price is estimated to hover between RMB 22,610 per tonne and RMB 22,650 per tonne, with spot contract to be traded at a premium price of RMB 110-70 per tonne. On the global forefront, the price of aluminium has witnessed a significant decline as Russia-Ukraine peace talks have finally taken shape, with the...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from March 30, following two consecutive significant hikes on March 22 and 25. NALCO has cut its aluminium ingot price by INR 8,200 per tonne on Wednesday to the range of INR 309,250- 312,750 per tonne versus INR 317,450-320,950 per tonne on March 25. NALCO’s aluminium wire rod price has also been reduced by INR 8,200 per tonne, in line with the downtrend in LME aluminium benchmark price since March 25 ranging between US$3,619 per tonne and US$3,583 per tonne. But nonetheless, the price is still up by US$133 per tonne month-on-month comparing to US$3,450 per tonne. NALCO’s aluminium billets price is standing at INR 312,700- 315,350 per tonne, also down by INR 8,200 per...
LME aluminium opened at US$3,607 per tonne on Tuesday and closed at US$3,449 per tonne, down US$156 per tonne or 4.33 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,581 per tonne and LME aluminium official settlement price halted at US$3,583. Both recorded a fall of 0.64 per cent or US$23 per tonne. 3-month bid price and 3-month offer price came to rest at US$3,606 per tonne and US$3,608 per tonne. The former faced a decline of US$9 per tonne or 0.25 per cent and the later fell by US$8 per tonne or 0.22 per cent. On the same day, December 23 bid price stood at US$3,440 per tonne and December23 offer price at US$3,445, both witnessing a downfall of 0.44 per cent. LME aluminium opening stock continued to decrease from 671,025...
The A00 aluminium ingot price on Wednesday, March 30 has nosedived by RMB 260 per tonne, following a hike in price on Tuesday, March 29. According to SMM, the price has been recorded at RMB 22,730 per tonne as of today, with average price estimated to orbit between RMB 22,710 per tonne and RMB 22,750 per tonne, and spot contract to be traded at a premium rate of RMB 90-50 per tonne. As per the SMM data, the price in Wuxi and Shenyang has slipped by RMB 240 per tonne to total at RMB 22,730 per tonne and RMB 22,680 per tonne. The A00 aluminium ingot price in Gongyi and Foshan has slumped by RMB 230 per tonne and RMB 260 per tonne, to score at RMB 22,620 per tonne and RMB 22,750 per tonne. In Hangzhou and Chongqing the price has plummeted by RMB 245 per tonne and RMB 210 per tonne to peg at...
Mitsubishi Heavy Industries (MHI) Group and its engineering company Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) have entered into an agreement with Aluminium Bahrain B.S.C (Alba), a major Bahrain-based aluminium producer, to capture carbon dioxide (CO2) emitted from the smelting process at one of its plants. As per the report, MHI Group and its engineering company have undertaken a feasibility study for applying CO2 Capture Technology at Alba's plant, following the signing of a Memorandum of Understanding on Monday, March 28. This collaboration is highly significant as this will mark the world’s first application of CO2 capture technology in the aluminium industry, enhance MHI Group’s presence in the Middle East, and advance Bahrain’s decarbonisation efforts. One of the...
