China’s primary aluminium production reached its highest level in nearly a decade in June, with output in the first half of 2024 growing by 7% as producers ramped up operations amid higher profits. According to the National Bureau of Statistics (NBS), the world’s largest aluminium producer churned out 3.67 million metric tons of primary aluminium...
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Rio Tinto has committed to the long-term future of its Tiwai Point aluminium smelter in Southland, New Zealand, ending years of uncertainty. The company’s New Zealand Aluminium Smelters (NZAS) recently signed 20-year power supply agreements with Meridian, Contact, and Mercury, ensuring the plant’s operation for decades to come. These agreements include demand response provisions, allowing...
READ MOREChinese Aluminum Producers Eye Belarus for Expansion Intentions Announced Around 20 Chinese producers of aluminum semi-finished products have announced plans to cooperate with the Belarusian Universal Commodity Exchange during a recent meeting with its management. Current Market Dynamics Aluminum products such as pipes, sheets, foil, and profiles are currently sold through this platform. These products...
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In 2024, ALM is expected to achieve sales exceeding €16 million. By 2026, the company plans to double its production capacity for aluminium aerosols, supported by a post-acquisition expansion plan involving an investment of over €15 million. This additional investment will focus on improving infrastructure and increasing the production capacity of the Barcelona plant to...
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The United States and Mexico have announced new restrictive measures on steel and aluminum imports from China and other countries. This decision aims to safeguard the North American market from what both countries describe as unfair trade practices. According to a joint statement by the presidents of both nations, importers will now be required to...
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Guala Closures has announced the acquisition of the remaining 30% stake in Guala Closures DGS Poland (DGS), one of the world’s largest producers of aluminum closures for spirits, wine, and non-alcoholic beverages. This acquisition allows Guala Closures to fully integrate DGS, which produces approximately 4 billion aluminum closures annually. Founded in 1991 by a consortium...
READ MOREAlcoa has announced its financial expectations for the second quarter of 2024, projecting an adjusted EBITDA of $310-330 million and revenue between $2.85-2.925 billion. This is a significant increase from the $132 million EBITDA and $2.599 billion revenue reported in the first quarter of 2024. The company anticipates an adjusted net profit of $15-35 million...
READ MOREQueensland is solidifying its position as a top producer of bauxite and aluminium products with the imminent construction of the world’s largest high-purity alumina (HPA) refinery in Gladstone. Alpha HPA’s managing director, Rimas Kairaitis, announced that construction on the 10-hectare facility at Yarwun will commence by the end of September. The second stage of this...
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The second quarter of 2024 saw Guinea’s bauxite exports reach an unprecedented 38.01 million tonnes, according to Greek broker Intermodal. This surge is largely driven by robust demand from China, which has been setting new records in primary aluminum production. In the first five months of 2024 alone, Chinese primary aluminum production hit 17.77 million...
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Porsche and Hydro have outlined their plans to expand the use of environmentally friendly aluminium in Porsche’s sports car manufacturing. Following a Letter of Intent (LOI) announced last year, the companies have now detailed their delivery targets. This initiative will ensure that Porsche and its suppliers have access to carbon-reduced aluminium, which boasts an ecological...
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Jefferies has forecasted a likely increase in copper and aluminum prices over the medium term, driven by rising demand from electrification, a growing global economy, and supply constraints. The U.S. bank recommends buying shares of preferred copper and aluminum producers, including Freeport-McMoran, Teck Resources, Lundin Mining, Alcoa, and Glencore. According to Jefferies, potential Fed rate...
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Chinese metallurgical enterprises specializing in the production of aluminum and its alloys have expressed a strong interest in partnering with the Belarusian Universal Commodity Exchange (BUTB) to participate in exchange trading of metal products. This collaboration aims to introduce aluminum pipes, profiles, sheets, foil, and other in-demand products to the Belarusian market through the BUTB...
READ MORERio Tinto’s Carbon-Free Aluminum Production Arvida Smelter Project Rio Tinto Corporation plans to produce carbon-free aluminum at its Arvida smelter in Canada by installing inert anode electrolyzers. A pilot line with ten electrolyzers is set to be designed and commissioned, leveraging a technology license from Elysis, a joint venture between Rio Tinto and Alcoa. Investment...
READ MORECopper prices in London surged to their highest in over three weeks on Friday, marking the first weekly gain in seven weeks. This rise is driven by the positive outlook on U.S. interest rates, which has bolstered sentiment towards growth-dependent metals.By 0938 GMT, three-month copper on the London Metal Exchange (LME) had risen 0.6% to...
READ MOREThe Mykolaiv Alumina Plant, previously managed by Russian Aluminum (Rusal) and now under the State Property Fund (SPF) of Ukraine, needs stabilization, according to Vitaliy Koval, Head of the SPF, after visiting the site. “Our main goal is to stabilize the situation in and around the enterprise. I am personally convinced that the plant is...
READ MOREVedanta announced a substantial 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kilotonnes (kt) due to new capacity. This represents an 11% rise compared to the previous quarter’s production of 484 kt in March and a significant jump from the 395 kt produced in Q1FY24. The company also reported a 3%...
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Gold may face continued pressure due to a stronger dollar and higher bond yields, despite support from global ETF inflows and expectations of Federal Reserve rate cuts, analysts suggest. Conversely, silver prices could reach Rs 1 lakh per kilogram this year. The outlook for other base metals remains muted due to an oversupply situation. Last...
READ MORERio Tinto has announced an investment of US$179 million to install carbon-free aluminum smelting cells at its Arvida plant in Quebec, Canada. The initiative, which includes a pilot plant co-funded by the Quebec government with an additional US$106 million, brings the total investment to US$285 million. The pilot plant will utilize the first technology license...
READ MOREStellantis Plans to Become a Nickel Producer Investment in Indonesian Nickel Production European automobile giant Stellantis is negotiating with Brazilian corporation Vale and Chinese company Huayou Cobalt to invest in nickel production facilities in Indonesia. Vale plans to establish two metallurgical plants in partnership with Western car manufacturers, one with Ford and the other with...
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Hydro has announced a new pilot project in Høyanger to test the use of green hydrogen as a substitute for natural gas in the recycling of aluminum. This initiative is part of Hydro’s ongoing efforts to decarbonize aluminum production and follows the first industrial test of green hydrogen conducted in June 2023. Executive Vice President...
READ MOREChemX Materials has achieved a significant milestone in its quest to produce high-purity alumina (HPA) with the early-stage commissioning of a leach circuit at its “HiPurA” pilot plant in Western Australia. The leach circuit is essential in the purification process to produce 99.99 percent purity HPA from its planned 24-tonne per annum plant. The commissioning...
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For the first time, India has supplied aluminum to Russia, despite Russia being the world’s second-largest exporter of the metal, as revealed by an analysis of Indian customs data conducted by RIA Novosti. In April, India exported 44.8 thousand tons of unprocessed aluminum to Russia, valued at $16.5 million. This marks the first shipment of...
READ MORERusal has announced a comprehensive import substitution program for automation systems at its aluminum and alumina smelters, slated to run until 2031. This initiative aims to replace controller equipment and software, enhancing the capabilities of Russian manufacturers in process automation. Currently, the replacement of controller equipment and software is underway at six process sites, with...
READ MOREAlcoa Corporation has appointed BHP veteran Elsabe Muller as its new Australia president and vice president of operations. Starting in October, Muller will oversee Alcoa’s bauxite mining, alumina refining, and aluminium smelting activities in Western Australia and Victoria. Muller, currently BHP’s group HSE officer responsible for health, safety, security, and environmental practices, will succeed interim...
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