The Ministry of Commerce, Industry & Investment Promotion has launched the Aluminium Initiative in Suhar, in the North Al Batinah Governorate. This ambitious project aligns with Oman’s Industrial Strategy 2040, aiming to diversify the economy and promote sustainable industrial growth. The initiative seeks to create an integrated economic cluster focused on downstream aluminium industries, emphasizing...
READ MOREGEP Ecotech, a provider of metal recycling solutions, has supplied an advanced aluminum recycling production line to the largest aluminum company in North America. The new system is designed to process baled scrap aluminum by breaking it down, shredding it, and removing contaminants to prepare the material for smelting. The recycling production line includes various...
READ MOREThe Aluminum Monthly Metals Index (MMI) posted a modest 1.38% increase from October to November, as aluminum prices moved sideways throughout October. Although aluminum prices only rose by 0.99% during the month, they managed to outperform other base metals, such as copper, nickel, zinc, and tin, which saw more significant declines. However, prices began slipping...
READ MOREAluminium and renewable energy company Hydro has launched a new initiative to decarbonize its aluminium plants in Germany by starting local, onsite solar energy production and implementing energy efficiency measures. The first solar photovoltaic (PV) systems in Offenburg have been completed and are now in interim operation. In addition to Offenburg, Hydro’s facilities in Rackwitz...
READ MOREAluminium prices on the London Metal Exchange (LME) rose on Tuesday, while prices on the Shanghai Futures Exchange (SHFE) declined. The market is reacting to China’s recent announcement to remove a 13% export tax refund for certain aluminium products starting December 1. Three-month aluminium on the LME was up 0.6% at $2,623 per metric ton...
READ MOREIran produced 352,423 tons of aluminum ingots during the first four months of the current Iranian calendar year (March 20 – October 21), according to data from the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). In the previous year, the country produced 367,091 tons of aluminum ingot over the same seven-month period....
READ MORECopper prices edged lower on Monday as investors awaited developments on potential U.S. tariffs and anticipated economic stimulus from China. Aluminium also retreated, reflecting market response to China’s recent decision to scrap export rebates. By 1125 GMT November 18, three-month copper on the London Metal Exchange (LME) dipped 0.1% to $8,994.50 per metric ton, extending...
READ MOREBase metals prices largely traded higher on Monday, buoyed by dip-buying from physical consumers. However, gains were limited by a strong dollar and sluggish demand from China, which capped any significant upward movement. Three-month copper on the London Metal Exchange (LME) inched up by 0.1% to $9,013.50 per metric ton by 0629 GMT. Aluminium rose...
READ MOREAluminum prices are anticipated to stay elevated throughout 2024 as a tightening market balance emerges, with global demand growth outpacing supply, according to BMI, a unit of Fitch Solutions Group. In a report released this week, BMI forecasts that aluminum demand will increase by 3.2% year-on-year in 2024, reaching 70.35 million tonnes, while supply growth...
READ MOREPlans to transform aluminium production in the UK received a significant boost with a £3.4 million grant awarded to EMR by the Advanced Propulsion Centre (APC). The grant will support a collaborative research project aimed at creating a world-leading metals processing facility, focusing on producing aluminium extrusion billet with reduced carbon content. The proposed facility...
READ MORENew capacity for converting bauxite into alumina is expected to come online next year, potentially easing the current tight supplies and halting the record-breaking price rally of this key material used in aluminium production. Higher alumina prices outside China have turned the country, the world’s largest producer and consumer, into a net exporter this year...
READ MOREOmani authorities are advancing plans to establish an Integrated Economic Cluster for Aluminium Industries in the Wilayat of Suhar, a region already at the heart of substantial aluminium-related investments. The Oman Vision 2040 Implementation Follow-Up Unit is spearheading this initiative, collaborating with various government ministries and agencies to move the project forward. The planned cluster...
READ MOREPort Said for Engineering Works, a subsidiary of the Suez Canal Authority, has announced plans to construct an $80 million aluminum foil factory in the Suez Canal Economic Zone (SCZone) in partnership with an undisclosed Chinese investor, according to Al Borsa. The feasibility studies for the project have recently been approved, and construction is expected...
READ MOREKlockner & Co has announced plans to construct a new aluminum flat-rolled processing facility on the campus of Aluminum Dynamics LLC in Columbus. The new facility is intended to expand Klockner’s product and service portfolio, with ramp-up expected in the fourth quarter of 2026. This investment aims to enhance the company’s growth in both the...
READ MOREIB2, a company in the aluminium industry, has received a €100 million investment from a group of financial and industrial investors to further develop its sustainable alumina technology. The funding will be used to enhance IB2’s process for producing more environmentally friendly alumina. The investment, obtained over the past 12 months, includes support from Glencore,...
READ MOREChina’s aluminium production in October 2024 rose year-on-year as a positive demand outlook and higher aluminium prices offset rising raw material costs. Official data from the National Bureau of Statistics showed that China, the world’s largest aluminium producer, produced 3.72 million metric tons of primary aluminium last month, marking a 1.6% increase from October last...
READ MOREAccording to data from Shanghai Metals Market (SMM), China’s aluminium production in October 2024 reached 3.7025 million tonnes, a 1.7% increase compared to the same month last year. In September, the year-on-year increase was estimated at 1.5%. For the ten-month period of 2024, Chinese aluminium producers exceeded last year’s output by 4.0%, with a total...
READ MOREOn November 13, 2024, the China Nonferrous Metals Industry Association (CNIA) stated that increased utilization of aluminium and recycled copper could help China manage its limited copper resources. Ge Honglin, Chairman of CNIA, emphasized that Chinese smelters face challenges due to constrained copper concentrate supplies, which is impacting their profitability. He noted that smelter profits...
READ MOREAustralia’s largest aluminium extruder, Capral, has successfully completed a trial using recycled-content billets supplied by Rio Tinto at Boyne Smelters Limited (BSL), marking a significant stride towards sustainable manufacturing. The trial involved remelting 50 to 100 tonnes of post-production aluminium scrap sourced from Capral’s Bremer Park extrusion plant in Southeast Queensland, resulting in billets containing...
READ MOREAlumil India, a wholly-owned subsidiary of the Alumil Group, has launched Loop 80, a groundbreaking certified aluminium product containing 80% recycled material, setting a new global standard for sustainability. This follows the success of Loop 60, the company’s first certified recycled aluminium, introduced in 2023. Loop 80 represents a significant advancement, achieving an impressive 87%...
READ MOREConstellium SE has announced a major advancement in aluminium recycling for the automotive industry by implementing Laser-Induced Breakdown Spectroscopy (LIBS) technology at an industrial scale. Developed in collaboration with German recycling specialist OSR GmbH & Co. KG and a premium European automotive manufacturer, this initiative aims to reduce carbon emissions across the automotive supply chain...
READ MOREAccording to data from Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran’s aluminum ingot production in the first seven months of the current year totaled 352,423 tonnes, marking a decline from the 367,091 tonnes produced during the same period last year. The decline reflects challenges in production across the country’s main aluminum...
READ MOREAluminium Bahrain (Alba) and Japan’s Daiki Aluminium Industry Company have signed a joint venture (JV) agreement to establish a sustainable aluminium dross processing facility in Bahrain. The planned facility will have an annual production capacity exceeding 25,000 tonnes, aiming to support waste recycling and promote sustainable solutions within the country. Ali Al Baqali, CEO of...
READ MORENigeria has signed a $1.2 billion contract with the Chinese state-owned engineering firm China National Chemical Engineering Corporation (CNCEC) to overhaul a gas processing plant that is crucial for the country’s aluminium production, according to the Petroleum Ministry. The agreement marks the initial move towards reviving the long-dormant Aluminum Smelter Company of Nigeria (ALSCON), which...
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