Bizongo, a B2B e-commerce platform, has signed a deal with National Aluminium Company Limited (Nalco) to help distribute Nalco’s aluminium products through its marketplace. The agreement aims to significantly enhance Nalco’s distribution capabilities across India. Under the agreement, Bizongo will use its B2B marketplace, BizongoBuy, along with its embedded finance platform, BizongoFin, to facilitate the...
READ MOREThe company released its third-quarter report for 2024, revealing revenue of 9.919 billion yuan ($1.36 billion), a year-on-year decline of 16.86%. Net profit attributable to shareholders was 217 million yuan ($29.8 million), while net profit after deductions stood at 135 million yuan ($18.5 million). Despite the overall revenue decline, the profitability of the pre-baked anode...
READ MOREBridgnorth Aluminium has launched a £2 million investment initiative in new technology at its 66-acre Midlands site as part of a long-term growth strategy aimed at expanding into new markets. The company, which employs over 330 people, has experienced a 33% increase in sales in 2024 and is currently recruiting an additional 10 employees. This...
READ MORESkapa Recycling has partnered with technology firm REDWAVE to enhance aluminium recycling at its Eastern Austria facility. By utilizing advanced sorting technology, the partnership aims to maximize recycling efficiency and reduce environmental impact, addressing the increasing global need for sustainable resource management. Aluminium is unique in that it can be recycled indefinitely without losing quality....
READ MOREBase metal prices gained momentum on Monday, with the London Metal Exchange (LME) three-month copper price rising by 0.7% to $9,627.50 per metric ton. Aluminum also experienced an increase, with the LME three-month aluminum price climbing 1.7% to $2,638.50 per ton. According to analysts at Commerzbank, Chinese copper demand during the first eight months of...
READ MOREGlobal primary aluminium production, including estimated figures for China, totaled 6.007 million tonnes in September 2024, an increase compared to 5.930 million tonnes in the same month last year. This corresponds to an average daily output of 200,200 tonnes, up from 197,700 tonnes per day in September 2023, and unchanged from the previous month. The...
READ MOREThe Russian government plans to exempt certain raw materials for aluminum production from the existing 5% import duty, according to a draft decree from the Ministry of Industry and Trade, as reported by Kommersant. The exemption will apply to aluminum fluoride and electrodes imported between May 2, 2024, and December 31, 2025. This measure aims...
READ MOREThe Russian government plans to exempt certain raw materials for aluminum production from the existing 5% import duty, according to a draft decree from the Ministry of Industry and Trade, as reported by Kommersant. The exemption will apply to aluminum fluoride and electrodes imported between May 2, 2024, and December 31, 2025. This measure aims...
READ MOREAluminium Products Company (Alupco) has signed an agreement with United Arab Aluminum Company (UAAC) to supply aluminum for the Jeddah Tower project, according to a LinkedIn post by Alupco, a leading aluminum extrusion company in the Middle East and North Africa (MENA) region. Once completed, Jeddah Tower will stand over one kilometer tall, making it...
READ MOREAlcoa Corporation and Ignis Equity Holdings, the majority shareholder of Ignis Business Group, a vertically integrated energy company, announced that they are moving toward signing a strategic cooperation agreement to support the continued operations of Alcoa’s San Cibrao plant. Under the proposed agreement, Alcoa would provide €75 million, while Ignis would make an initial investment...
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