A WBCSD study says advanced sorting technology is available, but stronger demand for grade-specific secondary aluminium is needed to unlock investment. Technology for sorting mixed aluminium scrap has advanced significantly, but weak domestic markets for some recovered grades are limiting...
This week, domestic aluminium scrap prices in China remained largely stable, with some slight increases. Although primary aluminium prices rose notably, aluminium scrap struggled to catch up, and the price difference between A00 aluminium and aluminium scrap stayed high. In terms of prices, as of...
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The Bombay Stock Exchange (BSE), India, listed Bonlon Industries Limited, renowned for its expertise in copper wire manufacturing, is embarking on a venture to establish a state-of-the-art aluminium facility in MIDC Taloja, Maharashtra. Anticipated to be operational soon, the plant aims to achieve...
In November 2023, the United States exported 163,000 tonnes of aluminium scrap versus 170,000 tonnes in October. That reflected a month-on-month decline of 7,000 tonnes or 4.12 per cent. According to the US Census Bureau data, the export in November marked the second back-to-back fall. In October,...
A team of scientists led by Professors RB Harikrishna, Hemagni Deka, T Sundararajan, and G Ranga Rao from the Department of Chemical Engineering at IIT Madras has successfully demonstrated the utilisation of discarded metal wastes like aluminium cans as feed materials for the thermochemical...
The Indian scrap aluminium market is dampening due to a drop in futures contracts on the London Metal Exchange (LME) and low demand. Despite this, there have been moderate transactions in the Indian market, even with the recent increase in freight rates, as market participants try to maintain...
In the versatile realm of aluminium magnificence, Bharat Metals stands as a paragon of excellence, its roots deeply embedded in the soils of Uttar Pradesh, India. This avant-garde company has sculpted its identity through an unwavering commitment to quality, relentless pursuit of innovation, and an...
The recent downturn in the Indian aluminium scrap market can be attributed to a notable price decrease, primarily driven by a fall in futures contracts on the London Metal Exchange (LME). This decline results from limited transactions despite an increase in the number of improved offers. Many...
Bahrain’s Labour Fund Tamkeen has announced to lend support to Alumicor in setting up a new operational base for aluminium recycling and manufacturing in Askar. Tamkeen has agreed to support Alumicor as its new project aligns with the former’s mission to strengthen Bahrain’s industrial sector,...
The North American aluminum market experienced a significant shift in dynamics throughout Q3 2023, marked by a notable contraction in demand and a subsequent impact on trade dynamics. According to the preliminary estimates drawn by the Aluminum Association in its monthly Aluminum Situation report,...
The spot prices for automobile-grade aluminium ADC12 alloy ingots experienced a rise of INR 5,500 per tonne, reaching INR 189,500 per tonne. This increase can be attributed to the surge in raw material prices, specifically tense prices, which climbed by INR 5,000 per tonne to INR 160,000 per tonne...
The Indian market for aluminium scrap has seen a notable price increase, attributed mainly to a surge in futures contracts on the London Metal Exchange (LME) after the Christmas and New Year holidays. Despite a rise in transaction volume, particularly from the western region, many sellers remain...
New York based Closed Loop Partners invested in Found Energy, a company located in Boston that converts aluminium scrap into hydrogen fuel. Found Energy employs a unique process wherein scrap aluminium is treated with a catalyst, activated with water, which yields multiple valuable outputs. These...
In September 2023, the United States aluminium plates, sheets and bars exports to Mexico amounted to 23,000 tonnes, reflecting a month-on-month downfall of 10.85 per cent, according to the US Geological Survey. The decline occurred in September following an increase of 4.45 per cent in August from...
Malaysia is a major aluminium importer from the United States. In 2022, the country accounted for 17 per cent of the United States aluminium crude metals and alloys exports and 20 per cent of the United States aluminium scrap exports. Till September 2023, Malaysia accounted for 41 per cent of the...
Implemented by Jiaxing Jinmao Aluminum Industry, with a total investment of around RMB 390 million, the second phase of the production line of Guangyuan’s recycled aluminium project is expected to start construction by 2024. Situated in the Zhuangzi Industrial Park, inside the Qingchuan Economic...
Employees at the Second Chance Shelter in Boaz have unveiled a novel approach to generate funds for homeless pets and reduce trash in North Alabama, promoting sustainability at the same time. Doug McGee, the Shelter Director, is initiating an aluminium can drive named "Green Steps for Homeless...
Cyclic Materials has successfully completed a pilot plant in Kingston, Ontario, which uses its proprietary Mag-Xtract technology to isolate magnets from recycled end-of-life products. This helps in differentiating magnet-containing shredding from other scrap materials like copper, steel and...
In Q3 2023, which ended September 30, the United States exported 532,000 tonnes of aluminium scrap compared to 543,000 tonnes in the previous quarter, according to the US Geological Survey data. That recorded a sequential decline of 2.03 per cent, following a quarter-on-quarter rise of 7.1 per cent...
The Indian aluminium scrap market has experienced a significant increase in prices owing to the rise in futures contracts on the London Metal Exchange (LME). Despite this, transactions in the western region have been limited due to the absence of major trade participants with the Christmas festival...
