The federal government of Nigeria oversaw the signing of an agreement between BFI Group and China National Chemical Engineering Corporation (CNCEC) for the restarting of the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State. This event follows a series of discussions held between Minister of State for Petroleum Resources (Gas), Ekperikpe...
READ MOREEmirates Global Aluminium (EGA), the world’s largest producer of premium aluminium, has extended its CelestiAL-R supply agreement with the BMW Group for the coming years. CelestiAL-R is notable for being the world’s first aluminium blend made using solar power and recycled metal, aligning with the growing industry demand for sustainable materials. The BMW Group utilizes...
READ MOREStocks of Russian aluminium, copper, and nickel are on the rise in the warehouses of the London Metal Exchange (LME), having increased one and a half times over the past year. This trend is part of a broader global phenomenon, with worldwide stocks of these metals doubling over the year, which analysts attribute to declining...
READ MOREDonald Trump’s return to the White House after defeating Kamala Harris has generated waves of speculation across various economic sectors, including significant interest from the aluminium industry. Now serving as the 47th President of the United States, Trump’s history of implementing protectionist policies is making industry experts wary of potential shifts under his new administration....
READ MOREIran has reported a slight decline in aluminum output during the seven months to late October. According to figures released by the state-run metals and mining company IMIDRO, aluminum ingot production from the country’s four major smelters reached 352,423 metric tons (mt) by October 21, down from 367,091 mt during the same period last year....
READ MOREJiaxin New Materials Company has successfully conducted a trial production of its new 7-series high-end aluminium alloy round ingot product. This development marks a major milestone for the China-based company as it expands its product line with a high-strength aluminium alloy designed for demanding applications. The newly developed alloy primarily uses zinc as its main...
READ MOREOn October 15th, Inner Mongolia Weiwang Aluminum Products Processing officially began the trial production phase of its aluminium alloy ingot project. With an investment of RMB 100 million (approximately $13.7 million USD), the facility is set to produce 60,000 tonnes of aluminium alloy ingots annually, using 70,000 tons of recycled aluminium. The project began construction...
READ MOREAlba, the world’s largest single-site aluminium smelter, has appointed Artem Tatarunis as the new manager for Alba Sales Europe, effective immediately. Tatarunis brings over 15 years of sales and marketing experience in the aluminium industry. He was most recently the head of sales for billet and wire rod in the EMEA region at Rusal, where...
READ MOREPoland-based aluminum producer Alumetal has finalized an Environmental Product Declaration (EPD) that documents the environmental impact of its recycled foundry alloy aluminum products. The EPD, based on an independent third-party assessment, offers detailed transparency regarding the mix of scrap qualities used in production at Alumetal’s plants. Alumetal, acquired by Norway’s Norsk Hydro ASA last year,...
READ MORENovelis, based in Atlanta, has released its financial results for Q2 FY2025. The company reported a net income of \$128 million, down 18% year-over-year. Excluding special items, net income was \$179 million, a 1% drop from the prior year. Adjusted EBITDA was \$462 million, down 5%, but up 1% excluding the \$25 million impact from...
READ MOREThe United States imported Russian aluminium in September 2024 for the first time in over a year, according to US customs data analyzed by RIA Novosti. During this month, US companies purchased 798 tonnes of unprocessed aluminium from Russia for $1.9 million, marking the first such delivery since August 2023. The largest metal import from...
READ MOREAluminium Bahrain (Alba) made two key announcements on November 3 at the Gateway Gulf 2024 investment forum in Manama, hosted by the Bahrain Economic Development Board. Alba and Japan’s Daiki Aluminium Industry Company will form a joint venture called Alba-Daiki Sustainable Solutions (ADSS) to set up an aluminium dross processing facility in Bahrain. Alba will...
READ MOREBall Corporation has acquired Alucan, a European producer of extruded aluminium aerosol and bottle products. The acquisition, completed on October 31, includes manufacturing facilities in Llinars del Vallés, Spain, and Lummen, Belgium. The acquisition aims to increase Ball’s production capacity and meet growing demand for sustainable packaging in Europe. The new facilities will allow Ball...
READ MOREAluminium Ingot prices saw significant increases in late October, with notable price hikes reported in Germany and the United States. These increases have been driven by supply chain disruptions, rising raw material costs, and growing operational expenses. In Germany, Aluminium Ingot prices rose by over 2% after Emirates Global Aluminium (EGA) announced a suspension of...
READ MORERusal Trading House expects to begin test trading of aluminum on the St. Petersburg International Mercantile Exchange (SPIMEX) by the end of this year, according to General Director Igor Ignashov. Speaking on October 31, Ignashov emphasized that the sale of aluminum on SPIMEX will serve as an important experiment for the market, offering insights into...
READ MOREAlcoa is “very bullish” on the outlook for aluminium as the energy transition drives increased demand, including a shift away from copper, CEO William Oplinger said on Wednesday. Speaking at a conference in Sydney, Oplinger highlighted that demand growth will be largely driven by the energy transition, with aluminium increasingly substituting for copper in certain...
READ MOREThe Aluminium Association of India (AAI), the apex body representing the leading aluminium producers in India, has submitted a pre-budget representation to the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce. The submission emphasizes aluminium’s crucial role in India’s economic growth, particularly as the nation aims to achieve the...
READ MOREFrench aluminium oxide producer Alteo has confirmed the acquisition of white corundum producer Niche Fused Alumina (NFA), a move approved by the commercial court of Chambery. Alteo, which employs 380 people and generates approximately EUR 180 million in revenue, has been a long-standing supplier and partner in research and development (R&D) with NFA. This acquisition...
READ MOREBlackRock, the world’s largest investment fund manager, has increased its stake in Alcoa, just as the Pittsburgh-based multinational records two consecutive profitable quarters. According to Bloomberg, BlackRock closed September as Alcoa’s largest shareholder, with a 9.76% stake after purchasing an additional 3.6 million shares. The firm, headed by Larry Fink, now controls a total of...
READ MORERussia has significantly increased its alumina imports from China, largely due to supplies from the Hebei Wenfeng New Materials (HWNM) plant, where Russian aluminum giant Rusal acquired a 30% stake. From January to September 2024, alumina imports from China to Russia rose by 43% year-on-year, reaching 1.2 million tons, according to data from the General...
READ MOREBizongo, 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....
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