Notwithstanding unfavorable economic conditions around, there is one company that is still projecting a positive picture in the metal market. The London Stock Exchange-listed, Anil Agarwal’s Vedanta Resources has given a sturdy outlook for commodity markets, despite low aluminium price, a weak Indian rupee and ever increasing cost of production. The company is working on […]
Aluminium majors in India like Nalco and Hindalco are under tremendous market pressure due to dropping aluminium price in the London Metal Exchange (LME) and higher production costs. Nalco is taking up a number of strategies to cope with the growing cost and declining price and profit margin. Nalco is the third-largest producer of aluminium […]
In the present socio economic scenario where the world is buzzing with issues like a soaring global population, increasing carbon emission, higher energy cost and insufficient feedstock, recycling is turning out to be the need of the hour rather than a matter of concern. Fortunately, aluminum is one metal that is 100% recyclable and its […]
The Norway-based aluminum producer Norsk Hydro has announced the complete closure of its aluminium smelter in Kurri Kurri, Australia; axing the jobs of around 350 workers. According to the reports by Norsk Hydro, it is the low metal prices and an uncertain market outlook combined with a strong Australian dollar that has brought the shutter […]
According to TradeArabia News sources, the UAE aluminum extrusion market is estimated to be in excess of 175,000 metric tonnes (MT), about 35 per cent of the total GCC (Gulf Corporation Council) demand and it is growing at a CAGR of 8 to 9 per cent for the time period from 2011-17. Emirates Extrusion Factory […]
The recent aluminum price trend shows that the global prices of the light grey metal is falling and hovering within a pretty low range. The future price of aluminum looks pretty uncertain, when we observe the trend in LME price chart. LME spot prices have been dipping below $2,000 per metric ton throughout May — […]
Recycling is an indispensable part of the aluminium industry which is both viable and sensible economically, technically and ecologically. Fortunately Aluminium is one metal that is 100% recyclable and its natural quality does not get affected in the recycling process. Aluminium is widely used in daily life. With the growing use of aluminium beverage cans […]
One single fact that is hugely influencing the Chinese and International aluminium market is Indonesia’s imposition of tax on the export of raw minerals from the country, especially bauxite. Indonesia has zeroed on the partial ban on exports of all kinds of raw minerals from the country from 6th May and has imposed strict export […]
Recycling aluminum represents a valuable portion of commodities in the U.S. The industry pumped $77 billion into our economy in 2010 and continues to be the most valuable of recyclable materials. Discovered in the 1820s, aluminum is the most abundant metal on earth. The aluminum can is also unique in that in 60 days a […]
A new technology for the recycling of aluminum shavings has received the “Environmental Technology Award Baden-Württemberg”. With the Environment Ministry of Baden Württemberg prize awarded companies for particularly resource-saving and environmentally friendly products are excellent. In the category of “material efficiency” the Alpirsbach ARP GmbH & Co. KG for their ARP cyclone technology for efficient […]