Aluminium extrusion usage in building and construction to grow 1.24% CAGR through 2035, with Americas at 1.15%, Europe at 1.30% & MEA at 2.47%
What does the building and construction market mean for aluminium extrusion industry? The answer may depend less on how much the world builds and more on where it builds and what those buildings require. As construction activity picks up across regions, aluminium extrusion is set to follow - but...
US backs Serra Verde rare earth with $750m, aims to reduce China dependence
The US Department of War has committed USD 750 million to back rare earth supplies from Brazil’s Serra Verde, as Washington moves to build a more secure, China-independent supply chain for critical minerals used in defence, energy, aerospace and advanced manufacturing. The investment will support...
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Bauxite mining resumes in Dominican Republic, ship leaves from Pedernales to USA
It has been after long five years without mining activity, the initial test ship left for the United States loaded with bauxite on 29 th December’20 from the port of Cabo Rojo in Pedernales. As per our report, the port of Cabo Rojo regained economic life with a ship that took 9000 tonnes of Bauxite...
Bolivia’s export of Aluminium scrap during 2018-20 unfolds growth
The COVID-19 pandemic in Bolivia appeared amid an economic and political crisis as a result of the failed presidential elections of October 2019. Although timely measures were adopted to face the pandemic at the beginning of the outbreak and that, in effect, it did slow down the initial increase of...
Recap 2020: Production & consumption balance in alumina market buoys steady price trend amid the COVID-19 pandemic
Alumina market witnessed a controlled price trend in 2020 as there had been a fair balance between production and consumption of the ore, even amid the unprecedented COVID-19 pandemic. In the first few months of the year, the prices trended down significantly due to lower buying interests among...
Aluminium production in North America and South America falls by 4% and 7% YoY in January-November
North America’s primary aluminium production stood at 327,000 tonnes in November 2020, representing an increase of 5.14% year-on-year, according to the latest data showed by the International Aluminium Institute (IAI). On a month on month basis, the output dropped by 2.1 per cent from October’s...
Peru’s import of Aluminium Household articles during 2018-20 manifests growth
Peru’s mining-driven economy, one of the hardest-hit by the coronavirus pandemic, is expected to contract 12% in 2020, the deepest plunge in three decades. The country hasn’t seen such a hit since a 12.3% contraction in 1989, said Marţa Antonieta Alva, Minister of Economy and Finance. The Andean...
Netherlands export of Aluminium wires during 2018-20 demonstrates enterprising market
The COVID-19 outbreak disruption is weighing on the Netherlands' economy and the sovereign's fiscal position. GDP contracted 8.5% QoQ in Q2’20, after a 1.5% contraction in Q1’20. Although the economic fallout is historically very large, it is less severe than the euro zone-wide quarterly...
Hydro to focus on low-carbon aluminium production, aims to expand recycling
The Norwegian aluminium company Hydro stated that it would emphasis on the production of low-carbon aluminium, as well as broaden its portfolio into recycling, renewables and batteries by 2025. Hilde Merete Aasheim, President and CEO of Hydro, said: “We have generated cash, cut costs and delivered...
Ecuador’s import of Aluminium Foil during 2018-20 remains unsteady
The economy of Ecuador has been one of the most stable in Latin America. Ecuador has enjoyed a healthy economy supported by the dollarization regime, as the country uses the US dollar for its currency and high oil prices. Ecuador was the first country in Latin America to experience a significant...
Costa Rica’s export of Aluminium scrap during 2018-20 unveils significant growth
The economy of Costa Rica is expected to shrink 5% by end of this year, as the country is hit hard by COVID-19 outbreak and the central bank stated it as the steepest decline since 1982 for the Central American nation. Costa Rica’s export of aluminium scrap during 2018-19 has been recorded at...
Australia, Brazil stands as the top two Alumina supplier for Argentina in 2019-20
The economic situation of Argentina remained frightful in Q3 after GDP collapsed in Q2. While the pace of the decline in economic activity softened in July-August from Q2, it remained considerable. Similarly, consumer confidence remained downbeat in Q3, pointing to constrained household spending....
Alumina production in South America records a hike of 24.63% M-o-M in Oct 2020; Output in North America grows 14.57%
In October 2020, alumina production in South America stood at 926,000 tonnes, registering an increase of 24.63 per cent month-on-month following a slight dip in the previous month, showed the International Aluminium Institute (IAI). In September 2020, alumina production in South America came in at...
Chile’s import of Aluminium Plates, Sheets and Strips during 2018-20 validates de-growth; expenditure tends to remain high
Chile is considered as the richest country in all of South America with exceedingly high living standards as well as a well-developed economy. The Gross Domestic Product (GDP) in Chile was worth $ 282.30 billion in 2019, according to official data from the World Bank and projections from Trading...
Hammerer Aluminium Industries’ Santana S.R.L. facility certified against ASI Performance Standard
Hammerer Aluminium Industries’s re-melting and casting operations at the HAI Santana S.R.L. facility has received ASI Performance Standard Provisional Certification. The plant in Romania produces billets and rolling ingots from recycled aluminium scrap for automotive, electronics, transportation,...
Aluminium production in North America and South America rises by 5.36% and 6% MoM in October
North America’s primary aluminium production stood at 334,000 tonnes in October 2020, according to the latest data showed by the International Aluminium Institute (IAI). This marked an increase of 5.7 per cent year-on-year. On a month on month basis, the output rose by 5.36 per cent from...
Wyda Packaging SA now offers a wide array, top quality aluminium foil products online
While having its roots firmly anchored in Brazil, Wyda Packaging South Africa is increasingly expanding its business in the African continent with top quality aluminium foil products and services. In October 2020, Wyda South Africa launched an online factory outlet for companies requiring small...
Ecuador’s import of Aluminium Bars Rods and Profiles during 2018-20 displays de-growth; expenditures remains high
The economy of Ecuador is mainly based on mining, agriculture and fishing. The country has substantial petroleum resources, which accounted for 40% of the country's export income and one-fourth of central government budget revenues in recent years. Ecuador has seen the sharpest GDP shrink in at...
EGA signs agreement with NEO Aluminio Colombia for the export of UAE-developed state-of-the-art technology for Aluminium production
The largest industrial company in the United Arab Emirates outside oil and gas, Emirates Global Aluminium (EGA) has signed an agreement with NEO Aluminio Colombia that could lead to the export of EGA’s UAE-developed state-of-the-art technology for the development of the first aluminium production...
Angola’s import of Aluminium cans during 2018-20 demonstrates oscillating movement; South Africa remains the major supplier
The economy Angola is built on oil, with large reserves of natural gas and oil, making up over one-third of its GDP. The country has experienced one of the fastest-growing economies in the world and becomes one of the richest African countries. However, according to the latest forecast of the...
