Press Metal Aluminium Holdings Berhad, Southeast Asia’s largest aluminum smelter, announced today a new joint venture with PT Alakasa Alumina Refineri (AAR), PT Dinamika Sejahtera Mandiri (DSM), and PT Kalimantan Alumina Nusantara (KAN). The collaboration will see KAN establish and operate an integrated alumina refinery, power plant, jetty, and supporting infrastructure in Sanggau, West Kalimantan, Indonesia. The initial phase of...
According to analysts at BofA Securities, copper prices are benefiting from strong demand, constrained supply, and increased investment in clean energy transition projects. Despite global macroeconomic concerns, copper has shown surprising resilience, with a 6% rise year-to-date in 2024. Key drivers of this growth include inadequate mine supply, declining ore output, and processing challenges, which have collectively limited copper production....
Jetty, a U.S.-based startup working on advanced smelting technologies, has announced that John Slaven will take over as CEO starting next month. Slaven brings extensive experience from previous senior roles at companies such as BHP, Alcoa, and Betanda. Jetty is developing copper hydrometallurgical technology aimed at extracting copper from low-grade ores, which were previously considered unusable. This innovation could significantly...
China’s imports of unwrought aluminum and aluminum products rose by 1.9% in August, reaching 280,000 metric tons compared to the same month last year, according to customs data released on Wednesday. For the first eight months of the year, total aluminum imports amounted to 2.58 million tons, a 51% increase year-on-year. The figures cover both primary metal and unwrought, alloyed...
Aston Martin has been awarded £6 million in UK Government funding through the Advanced Propulsion Centre UK (APC) to support the development of 100% recycled aluminium castings for its future models. This funding will be directed toward Project PIVOT, a collaborative initiative led by Coventry-based aluminium supplier Sarginsons. The project aims to revolutionize the casting industry by enhancing the design,...
Hindalco’s copper division is set to invest $2.94 billion (₹24,500 crore) across two major copper projects in Gujarat, including the establishment of India’s first electronic waste (e-waste) recycling facility in Dahej, South Gujarat. The new facility will have an annual production capacity of 200,000 tonnes of copper, marking a significant step toward copper recycling in the country. Rohit Pathak, CEO...
A South African company, Sibanye-Stillwater, is reportedly the most likely bidder to acquire shares in New Caledonia’s ailing Prony Resources, according to local news sources. Prony Resources, like other nickel plants in the region, has been struggling due to Indonesia’s rise as a major player in the global nickel market and ongoing unrest in New Caledonia since May. The company...
The potential merger would position the combined entity as one of the largest aluminium producers globally, offering numerous strategic advantages, including increased production capacity, a broader global presence, improved environmental, social, and governance (ESG) performance, enhanced energy security, and greater shareholder value. HE Khalid Al Rumaihi, Chairman of Alba’s Board, emphasized that this partnership aligns with Alba’s growth strategy, positioning...
FPX Nickel has announced significant progress in its value engineering studies, positioning the company to develop North America’s largest battery metals refinery. The refinery, designed to produce 32,000 tonnes of nickel in nickel sulphate annually, could support the production of around 450,000 electric vehicles each year. These studies have optimized the purification flowsheet, substantially improving the refinery’s operating margin and...
The United States Geological Survey (USGS) reported that domestic primary aluminum production in the US was 55,000 metric tons (t) in June 2024, with average daily production at 1,830 t. This marks a slight decrease from the 1,840 t reported in May 2024, 12% less than in June 2023, and 30% lower than June 2022 levels. Aluminum recovery from scrap...
