Opening of Cassopolis Plant and Production Goals Hydro has inaugurated its aluminium recycling facility in Cassopolis, Michigan. The plant, which represents an investment of USD 150 million, aims to produce 120,000 metric tonnes of recycled aluminium annually. This move enhances Hydro’s position in the North American low-carbon aluminium market. Hydro CIRCAL Production and Environmental Impact...
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New Supply of Eco-Friendly Aluminium Vedanta Aluminium has begun its domestic distribution of Restora, a low-carbon aluminium product. The first shipment, consisting of 300 metric tonnes of Restora Billets, was sent to Global Aluminium Pvt Ltd in Telangana. Features of Restora Restora is produced using renewable energy, leading to lower greenhouse gas emissions. The product’s...
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China’s aluminium production in October surged 6% from the previous year, reaching a new monthly record. The country, known as the world’s top aluminium producer, produced 3.62 million metric tons, slightly surpassing the earlier record of 3.6 million tons set in August. Despite a slight drop in daily output, the overall production figures marked a...
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Contract Details RS International has finalized several contracts with Bratsk Aluminium Smelter, a part of Rusal. One key agreement involves RS International supplying over 2 million tonnes of alumina to the smelter. Bratsk Aluminium Smelter will process this alumina to produce more than 1 million tonnes of primary aluminium and aluminium-based products. Production Projections The...
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Memorandum of Understanding Signed Azerbaijan Industrial Corporation, through its subsidiary Azeraluminium, has signed a Memorandum of Understanding with the Institute for Advanced Engineering and Lemon Metal from the Republic of Korea. This collaboration focuses on the development of the aluminium industry, including the production of aluminium alloys and the establishment of research centers. Details of...
READ MORESignificant Growth in Business Agreements The Aluminum Corporation of China, also known as Chalco Group, has reported a remarkable 33% increase in its business agreements at the Sixth Fair. The group’s trading sub-groups, Chalco Guomao Group, Chalco Materials, and China Copper Guomao, collectively signed deals worth $4.957 billion. This marks a substantial growth in business...
READ MOREEnhanced Foundry Alloys for Automotive Industry Rusal, the multinational aluminum producer, has reportedly augmented its production of foundry alloys to include a higher percentage of aluminum scrap. The updated alloy now incorporates 25-30% of recycled content, reflecting a rise from the initial 20%. Commitment to Sustainability and OEM Standards The enhanced foundry alloys, known as...
READ MOREMorgan Stanley Projects Strength in Aluminium Sector The energy-intensive production of aluminium, vital for decarbonisation initiatives, has been marked with a positive outlook by Morgan Stanley. Despite the environmental impact of its production, Morgan Stanley identifies the metal as a top choice in the transition to a greener economy. This stance is backed by significant...
READ MOREAcquisition Details Dubal Extrusion Investment, a UAE-based entity, has finalized the acquisition of Thermalex, an American firm known for its aluminum multiport extruded tubes. This strategic purchase is designed to meet the growing demands within the automotive and HVAC industries, as well as other commercial sectors. Operational Synergies and Market Expansion The acquisition aligns with...
READ MOREReduced Hydropower Affecting Output Yunnan’s upcoming dry season is prompting several Chinese aluminium smelters to plan a cut in production due to an anticipated drop in hydropower availability, according to a recent report by metals information provider SMM. Smelters’ Response SMM stated that four major smelters are poised to decrease their production by between 9%...
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Russian Aluminum’s Significant Shift Towards China Russian aluminum magnate, Rusal’s strategic acquisition of a 30% share in Chinese alumina producer Hebei Wenfeng New Materials (HWNM) has set a new direction in the global aluminum landscape. This move is expected to counterbalance the alumina previously imported from Ukrainian refineries and Australia, hinting at a new blueprint...
READ MOREA Decrease Observed Worldwide Global alumina production witnessed a 3.2% decline in September, dropping to 12 million tons, as per recent findings from the International Aluminium Institute. Despite this reduction, there was a slight uptick in average daily production, which registered at 400,133 tons, a marginal increase from August’s 399,967 tons. Significant Output Drop in...
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Norsk Hydro, a key player in the aluminium and renewable energy market, recorded a third-quarter net loss of 358 million Norwegian Kroner ($32.58 million) or 0.18 Kroner per share, a sharp contrast to the net profit of 6.85 billion Kroner ($623.35 million) or 3.34 Kroner per share from the same period last year. Market Pressures...
READ MOREInvesting in a Sustainable Future Aluminum producer Talum is set to establish a smart factory dedicated to slugs and discs, signaling a major step in its commitment to environmental sustainability. This initiative, part of the Kidričevo-based firm’s broader green transformation strategy, involves an investment of EUR 38 million. Financial Backing by NKBM The NKBM bank...
READ MOREIn response to the substantial financial strain on Rusal, a major player in the aluminum industry, Kuzbass’s leadership has advocated for an exemption from the new “exchange rate” export duties. These duties, impactful for various sectors, tie rates to the ruble’s value, potentially generating approximately Rb 50bn monthly for the state budget between 2023-2024. Governor...
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Incremental Growth in Aluminum Production The International Aluminum Institute (IAI) has disclosed that daily global primary aluminum output rose to an average of 195,700 tons in September 2023. This figure notches a slight increase from the 195,200 tons per day reported in the preceding month and is significantly higher than the 190,500 tons recorded in...
READ MOREFinancial Performance In a notable turnaround from previous struggles, Alcoa reported a significant reduction in its net loss for the third quarter of 2023. The aluminum manufacturer disclosed a net loss of $168 million, marking a substantial decrease from the $746 million loss reported in the same quarter last year. This improvement occurred despite a...
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Yerevan’s Armenal aluminum plant has officially denied rumors circulating in several Telegram channels regarding its potential shutdown. The company’s press service confirmed to ArmInfo correspondents that operations continue as usual, directly contradicting claims about a looming cessation. Recent reports suggested that Rusal, the unified company overseeing Armenal, demanded a 30% workforce cut—equating to around 200...
READ MOREContract Details ALRO, a notable aluminium producer from Romania, has finalized a fresh multi-year deal with Airbus. This agreement involves the provision of Aluminium Flat Rolled Products essential for the construction of aircraft. Historical Context and CEO’s Statement Gheorghe Dobra, the CEO of ALRO, briefly commented on the contract, noting the company’s ability to meet...
READ MOREIn September, China’s primary aluminium production saw a 5.3% increase from the previous year, reaching 3.58 million metric tons, according to the latest data from the National Bureau of Statistics (NBS). This boost is attributed to robust demand and low current inventories of the metal. Production Spike in Yunnan Province Significant production increases occurred in...
READ MOREAccording to an Interfax report, Rusal is mulling over the shutdown of several plants that are currently not profitable, as reported by a source close to one of the company’s creditors. The situation stems from the low aluminum prices and substantial financial losses following the implementation of a new export duty based on exchange rates....
READ MORERio Tinto, a global leader in mining and metals, reported a successful third quarter in 2023, with its aluminum production climbing to 828,000 tonnes. This figure marks a 2% increase from the last quarter and a notable 9% jump year-over-year. Additionally, bauxite production rose to 13.9 million tons, up 3% from the previous quarter. Despite...
READ MOREResumption of Operations Alcoa has disclosed plans to recommence operations at its aluminum smelter in San Cibrao, located in Cervo, Lugo, by mid-November. This announcement follows a sudden halt in production on October 2 due to deteriorating order volumes and market conditions. José Antonio Zan, president of the works council, relayed this development after a...
READ MORENornickel expects copper market growth In the remaining months of 2023 and into next year, Norilsk Nickel forecasts steady growth in the global copper market at a rate of 2–3%.The company’s forecast emphasizes the revival of economic activity in China, which is the main producer of red metal on the planet, while also being its...
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