Four days to go, and the aluminium world is getting ready to move to Düsseldorf. From October 6-8, the city will host ALUMINIUM 2026 , with more than 800 exhibitors and partners and over 21,000 trade visitors expected at Messe Düsseldorf. The event will bring together producers, recyclers, downstream manufacturers, technology providers, equipment suppliers, policymakers and end users from across the global aluminium value chain. The 2026 edition comes at an important point for the aluminium industry. European producers are facing pressure from energy costs, international competition and tighter climate requirements, while concerns around raw material security and resilient supply chains continue to grow. At the same time, demand for aluminium is expanding across electric mobility,...
The Aluminum Association launched “America Needs Aluminum,” a new public awareness and advocacy campaign highlighting aluminum’s essential role in the US economy and calling for policies that help America make, recycle and build more with this critical material. The campaign centers on a straightforward message: America needs aluminum - let’s make more of it here. It builds on the association’s broader “all-of-the-above” strategy for aluminum supply, which calls for expanding both recycled and primary aluminum production, strengthening domestic manufacturing, improving energy availability and aggressively confronting unfair trade. “Aluminum is essential to nearly every part of modern American life - from our cars, homes and packaging to the power grid, fighter jets and advanced...
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A Parliamentary committee today asked the government to consider allocation of Utkal--E coal block in Odisha to aluminium major Nalco as "it is crucial for the company's expansion plans". "The committee feels that allocation of Utkal-E coal block for Nalco is very crucial for the company in carrying out its expansion plans. The committee, therefore, strongly urges the government to favourably consider...," Standing Committee on Coal and Steel chaired by Rakesh Singh said in a report. The Utkal--E coal block is among the 204 de-allocated by the Supreme Court in September last year. The company, which was earlier weighing filig a review petition for the block, is exploring options of getting it back on the provisions of the recently passed MMDRA Act, which empowers the government to...
New measures to increase the amount of metal withdrawn from warehouses, relative to material brought in, will help to reduce queues faster at London Metal Exchange (LME) registered warehouses, the exchange said on Monday. The LME, the world's oldest and biggest market for industrial metals which is now owned by Hong Kong Exchanges and Clearing Ltd, oversees warehouses where companies that buy metals on its futures market can take delivery of quality-assured supplies if needed. Big banks and traders that own or owned warehouses and charge rent have profited from letting long queues build up. Some also keep huge stocks of aluminium tied up, unavailable to manufacturers, in long-term financing deals. Effective Aug. 1, the so-called decay factor under the Linked Load-In/Load-Out Rule (LILO)...
Despite surging new home building, tumbling aluminium premiums have cast doubts over CSR's earnings prospects ahead of the building products group's full-year result next month. As the Australian economy struggles to find growth to replace dwindling mining investment, new home building has been a rare bright spot with housing approvals and new starts soaring after years of underbuilding. Deustche Bank analyst Emily Smith expected 203,200 new homes will be started in fiscal 2015 and 205,600 new homes in fiscal 2016, ahead of consensus forecasts and well ahead of the historical average of 152,400 homes. "We remain optimistic on Australian housing demand on the basis of continued low interest rates, solid migration and reasonable employment," Ms Smith said. Ms Smith said that CSR had the...
China’s government would remove export taxes on bars and rods of primary aluminium and aluminium-alloy from May 1, 2015, according to China daily. Kenanga Research said this would have a negligible impact on Chinese exports and aluminium premiums in Europe and US in the near term. It explained that despite the removal of export tax, Chinese aluminium is still less attractive for its pricing compared to international aluminium prices. “We gather that the 3-year average aluminium price is USD1,900 per tonne while the average Japan premium is USD293 per tone. Thus, all-in international aluminium price is about USD2,190 per tonne, 4.8% cheaper than that of China Shanghai 3-year average of USD2,300 per tonne,” it said. The research house said that most of China’s production is for its own...
Aluminum fell the most in two months on concern more exports from China of products made from the metal will exacerbate a global glut. China plans to scrap a 15 percent export tax on rods and strips made from primary aluminum effective May 1. The move may send world prices lower amid ample supplies in the Asian nation, according to Bloomberg Intelligence. “China is going to ensure it can support its aluminum sector,” David Wilson, an analyst at Citigroup Inc. in London, said in a telephone interview. “It’s going to keep the market in oversupply. As long as they are still making a margin, they will continue to export, which is not positive for prices.” Aluminum for delivery in three months fell 1.6 percent to settle at $1,777.50 a metric ton at 5:50 p.m. on the London Metal Exchange, the...
The 1st Aluminium Sector workshop under Knowledge Exchange Platform (KEP) initiative was hosted by Vedanta, Jharsuguda unit, here at the Auditorium, Vedanta Meadows for exchange of best practices in Aluminium industries covered under the Perform Achieve and Trade (PAT) scheme. PAT is a flagship initiative of Bureau of Energy Efficiency (BEE) Govt. of India, which is a mechanism for promoting energy efficiency in large industries. Ten Aluminium Industrial units covered under the PAT Scheme are expected to achieve energy savings of 0.456 million tonnes of oil equivalent, which is 7% of the total energy savings potential that 478 designated Consumers aim to achieve by 2014-15. The Knowledge Exchange Platform was launched on 26th February, 2015 by BEE in partnership with Institute for...
Press Metal has not been having the best phase and the situation is threatening to get worse as China abolishes its export duty on non-alloyed and alloyed aluminium rods and bars starting next month. The company however seems undeterred as a close source to the company says, “We should be okay. We are operating at full capacity.” China’s overproduction and increased exports have already created a supply glut in the global aluminium market affecting the price of the metal. According to reports China has exported 43% more unwrought aluminium and aluminium products in the first quarter of this year amounting to 1.2 million tons. Concerns are arising about the company’s future in the face of this global supply glut although sources believe that Press Metal will not be much affected by the new...
China is already infamous for its excess production of aluminium causing a global oversupply hampering the aluminium prices. Now as they announce scraping the export taxes on some products, they may worsen the situation even further. While the world aluminium producers hurried to cut production to reduce supply and boost aluminium prices, China continued its relentless production despite facing crippling losses. Suffering aluminium smelters were buoyed by government subsidies creating a disparity in the global aluminium situation. The world aluminium industry, outside China, faced aluminium deficiency while China was in oversupply. Still the situation was in control because of China’s duty placed on the export of primary metal. Ma Kai, a Beijing-based analyst at China International...
UC RUSAL, a leading global aluminium producer, announces the appointment of Evgeny Zenkin as Managing Director of the Bratsk Aluminium Smelter (BrAZ). Andrey Volvenkin, who previously held this position, has been promoted to a managerial position within the Aluminium Division. As Managing Director, Evgeny Zenkin’s focus will be to increase the value-added products’ output and diversification of the product line, product quality improvement, further development of RUSAL’s business-system at BrAZ as well as the implementation of new technologies that will help alleviate environmental impacts. Evgeny Zenkin has 20 years’ experience in the metallurgy sector. Evgeny started his career at BrAZ, then occupied a managerial position at RUSAL’s Service Centre, heading the Russian Engineering...
The Aluminum Association announced today a new partnership with the Department of Energy (DOE) to increase the number of aluminum industry jobs in the United States and explore new, sustainable technologies to advance U.S. manufacturing. The DOE’s Aluminum Industry Jobs Partnership will identify opportunities to expand plant capacity and improve workforce development systems to help bring qualified candidates to the industry. Today, the $65 billion aluminum industry directly employs around 155,000 workers in the United States. The Aluminum Industry Jobs Partnership will be composed of participants from the Aluminum Association and its member companies as well as the DOE Jobs Strategy Council (JSC) and Office of the Secretary. The JSC is a cross-cutting initiative that integrates the...
Shareholders in Polish aluminium smelter Grupa Kety on Thursday voted in favour of a higher dividend for the 2014 financial year, Kety said in a statement. As a result, Kety will pay a dividend totalling 136 million zlotys ($36.41 million), up from 101 million zlotys the management had previously planned. Earlier this month, a pension fund owned by British insurer Aviva and Polish bank BZ WBK pressed Kety to raise its dividend payout to 136.1 million zlotys. ($1 = 3.7352 zlotys)
Aluminum fell the most in almost a month as most industrial metals retreated after a gauge of manufacturing strength slid to a 12-month low in China, the world’s biggest consumer. Aluminum lost as much as 1.2 percent, the biggest drop since March 27. HSBC Holdings Plc and Markit Economics’ preliminary Purchasing Managers’ Index for Chinese manufacturing was at 49.2 for April, below the median estimate in a Bloomberg survey and the second month of contraction. Factory data for the euro region are due later in the day. “The fundamental economy is not improving” in China, said Helen Lau, a metals and mining analyst at Argonaut Securities Ltd. in Hong Kong. “It is a little worrying. We’re close to the bottom. Before that happens, the government should continue with stimulus until there is a...
China will remove taxes on exports of rare earths, ferroalloys, tungsten, molybdenum and indium from May 1, the Ministry of Finance said in a statement on Thursday. The Ministry of Commerce had earlier flagged that taxes on rare earths would be scrapped from May. China will also remove taxes on exports of non-alloyed and alloyed aluminium rods and bars from May 1, the statement said. China is the world's top producer of most metals.
Global commodity prices have pulled down the sales of PT Indonesia Asahan Aluminium (Inalum) by 10% in the first quarter of 2015. The fall in sales and the steadily declining premium price in the global market over the past two months has prompted the decision that the company will not be exporting the commodity this year said the PT Inalum President Director, Winardi Sunoto. Premiums have plummeted to US$ 250 per ton this March and April compared to the lucrative premium of $400 per ton in the corresponding period last year. That has led the company to not ship any product abroad in the first quarter of this year partly contributing to the 10% decline in sales. The company which in normal circumstances exports 8,000 tons on a quarterly basis is looking for other options, mainly aluminium...
Sesa Sterlite Limited hereby announces that it has changed the name of the Company from its present name, 'Sesa Sterlite Limited' to 'Vedanta Limited'. The Shareholders of the Company approved the name change of the Company through Postal Ballot, results of which was announced on March 30, 2015. The name change to Vedanta Limited is now effective post issue of 'Fresh Certificate of Incorporation' issued by the Registrar of Companies, Goa, Ministry of Corporate Affairs (MCA), Govt. of India. "The name change from Sesa Sterlite to Vedanta Limited promises a united and aligned identity, Vedanta, which positions us to create greater value for our domestic and global stakeholders, as a diversified natural resources group of companies. Vedanta embodies commitment to deliver world class...
Top global aluminium producer United Company Rusal said on Wednesday it was reviewing its aluminium smelting operations and may idle a further 200,000 tonnes of capacity. Rusal, which has cut capacity by 800,000 tonnes in the past two years, said its first quarter aluminium production came in at 900,000 tonnes, down two percent on the previous quarter, but up two percent on a year ago. The Hong Kong-listed company said it expected calendar 2015 production to be flat on the previous year. Deputy CEO Oleg Mukhamedshin said in March that Rusal was considering shuttering some production due to the weak price outlook and a desire to shift production to cleaner energy sources. The company is looking to have almost all of its production using electricity from hydroelectric power plants. The...
Aluminium Bahrain B.S.C. (Alba), one of the leading aluminium smelters in the world, was recognised for its outstanding environmental achievements and sustainable practices when it was declared a winner of the “The Green Era Award” for 2015. The Green Era Award is granted by the French “Otherways Association” to companies and firms from both public and private sectors who have made sustainability a key driver in their business strategy. Speaking on the occasion, Alba’s Chief Executive Officer, Tim Murray said: “We are extremely proud to win the Green Era Award, which affirms Alba’s commitment to best environmental practices. It recognises the Company’s on-going commitment to make a positive impact on the environment and the society at large.” Alba’s Chief Executive Officer, Tim Murray and...
Rio Tinto reported higher coal production for the first quarter driven primarily by the improved performance of the Kestrel South mine in Queensland after a longwall ramp-up. Semisoft production also increased at Mount Thorley and Warkworth in NSW while at the Hail Creek facility in Queensland there has been a higher thermal production. Bauxite and alumina production saw a four and two percent rise respectively compared to the first quarter of 2014 with Weipa and Queensland Alumina both performing well in the quarter. Sam Welsh, chief executive of Rio Tinto is happy with the “solid production performance during the first quarter’’ and says the company is continuing its drive to improve efficiency in all avenues of business to drive further development. “By making best use of our high...
