Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
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...
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Suriname faces budget deficit after closure of alumina refinery; to get $40m support from IDB
<p>A media report says Suriname is to receive a $40m investment loan from Inter-American Development Bank (IDB) which will help increase tax revenue and improve its public spending.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
Brazil’s aluminium production soars 2.6% YoY during January-May
<p>According to the latest figures from industry association Abal, Brazil witnessed an increase in the production of primary aluminium in May.</p> <p>May was the 13th consecutive month that has registered an increase in aluminium production. The country produced 68,300...
Metal Shark to construct welded aluminium cutters for US Navy
<p>American shipbuilding company Metal Shark has been awarded contract by the US Navy to develop near-coastal patrol vessels (NCPVs) for the US partner nations. The shipbuilder was selected from a field of six competing shipyards by the Naval Sea Systems Command (NAVSEA), and was subsequently...
Aluar extends its partnership with Quintiq to improve planning and optimization capabilities
<p>Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimization (SCP&O), announced that they would continue their partnership with Aluar Aluminio Argentino S.A.I.C. (Aluar) in order to improve the aluminium producer’s planning and optimization...
Brazil's Votorantim reports loss in Q1 2017; aluminium sales volume up
<p>Brazilian metals and cement group Votorantim, formerly known as Votorantim Industrial has posted a net loss of reais 546million (US$166million) for Q1 2017, in comparison to 144million-real profit in Q1 2016.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
Mozambique aluminium to lag behind coal as the highest export revenue earner
<p>According to Trading Economics data, Mozambique’s exports surged 56.2 per cent since 2009 to reach a value of US$3.4 billion in 2016. The year-on-year export increased five percent in the previous year. Aluminium was the second highest commodity and the fastest-growing among the top 10...
First Bauxite Corporation reports completion of test pit mining program in Guyana
<p>First Bauxite Corporation has announced that it has filed its audited year-end financial statements and management's discussion and analysis for the year ended December 31, 2016. First Bauxite Corporation is a Canadian natural resource company engaged in the exploration and development of...
Guyana bauxite export still a priority even as the economy shifts its focus on oil & gas
<p>Guyana bauxite export continues to remain a strategic priority area even at a time when the economy is considering to switch from its dependence on traditional foreign exchange earners such as aluminium ore to one dominated by oil and gas following the discovery of oil reserve by US oil giant,...
Guyana government reviewing domestic bauxite industry
<p>The Guyana government is reviewing the domestic bauxite industry that started operating last year marking the centennial of the bauxite industry in the country. The government is waiting for a report on bauxite industry so that they can decide whether to build another alumina plant in the...
Schuler Group collaborates with TMC for aluminium bottle production
<p>Schuler group, the world's largest press manufacturer, entered into a partnership agreement with Japan’s DWI Bottle Cans specialist TMC. The reason behind the move is the rising demand for Drawing and Wall Ironing (DWI) bottle cans.</p> <p><img style="vertical-align: middle; display:...
T&T in talks with Alutech to produce aluminium downstream products
<p>Finance Minister of Trinidad and Tobago Colm Imbert said that the government is in talks with Alutech representatives to set up a plant that will manufacture aluminium downstream products in the Caribbean. The downstream products include aluminium sheets for the vehicle industry and wheel...
Safe Boats signs contract for co-production of aluminium vessels
<p>Safe Boats International, the U.S. based company, announced that the company has signed a contract with Colombian shipyard Cotecmar for the co-production of aluminium vessels. The aluminium vessels will be used by the Colombian military and regional end-users.</p> <p><img style="vertical-align:...
Venezuela’s president reiterates the need of foreign investment to develop its mining resources
<p>Venezuelan president Nicolas Maduro has named Jorge Arreaza as the country’s new mining minister. Guyana President Desmond Hoyte has reiterated the significance of the mining resources in the country and the need to attract foreign investors for the development of its resources.</p>...
Bauxite export by Brazil to increase 10.4% YoY at 9.5 MT in 2017
<p>Brazil ranks third in the list of the world's top bauxite producing countries. With bauxite reserves totalling 2,600,000 tonnes (2.6 billion tonnes), the country accounts for 9.28 per cent of the global total reserve of 28 billion tonnes, as estimated by The United States Geological Survey in...
Mexico remains a net importer of aluminium scrap while its exports surge 27.3% YoY in 2016
<p>Mexican aluminium industry is characterised by the presence of a large number of secondary aluminium smelters and die-casters which cater to the domestic automotive industry- globally the seventh-largest in production volume. Most of these smelters are fed by aluminium scrap imports from the...
Norsk Hydro: LoI and MoU for possible use of natural gas at Hydro Alunorte in Brazil
<p>Norwegian based aluminium company Hydro has signed a Letter of Intent (LoI) with the state of Pará and also a Memorandum of Understanding (MoU) with Shell Brasil Petróleo LTDA, with the aim to replace a major part of its current fuel oil consumption at the Alunorte alumina refinery...
Brazil's non-alloyed aluminium ingot export surges 19.5% in 2016; Japan tops the list of importers
<p>Brazil’s export of unwrought aluminium in 2016 is set to reach its highest since 2013. The country exported about 300,000 tonnes of the metal during January-July, marking a rise of nine per cent over the corresponding period previous year. The higher volumes of exports, which more than...
The global beverage cans market size to reach USD 60.92 billion by 2024
<p>According to a recently published market research report by Grand View Research Inc., the global beverage cans market size is expected to reach USD 60.92 billion by 2024. The growth is driven mostly by increasing demand for compact beverage packaging solutions worldwide.<br /><br />Over the...
