LME introduces package of measures to strengthen metals trading
Since its acquisition by Hong Kong Exchanges and Clearing (HKEX) in 2012, the London Metal Exchange (LME) has been working with its members to evolve the market and strengthen its future success for the benefit of all users.
“The LME remains the cornerstone of HKEX’s global commodity strategy. In addition to these market structure changes, we will continue to expand the LME’s presence in Asia, especially China, through enhancing connectivity with China’s commodities market, continuing to push for LME-certified warehouses in China, and launching a physical...
Novelis results
Novelis has reported net income of $24 million for the first quarter of fiscal year 2017, compared to a net loss of $60 million in the prior year period.
Excluding tax-effected special items, the company reported net income of $33 million in the first quarter of fiscal 2017, up from $24 million reported in the first quarter of fiscal 2016.
"Building on the momentum of a strong close to fiscal 2016, the 26 percent increase in Adjusted EBITDA excluding metal price lag reflects our heightened focus on manufacturing operations, driving productivity gains and asset...
Aluminum Cans Carry Lower Carbon Footprint than Glass or Plastic Equivalents in Beverage Transportation and Refrigeration, Finds New Study
Aluminum Cans Carry Lower Carbon Footprint than Glass or Plastic Equivalents in Beverage...
Alufoil Trophy China
The Global Aluminium Foil Roller Initiative (GLAFRI) has announced the launch of a Chinese version of the Alufoil Trophy competition at ALUMINIUM CHINA.
The new event will recognise excellence in aluminium foil in five different categories.
Alufoil Trophy China will be open to Chinese packaging designers, brand owners, foil rollers, foil converters, foil container manufacturers, closure manufacturers, household foil manufacturers, retailers, and industrial solution providers; including combined entries from any of these disciplines. Packs or applications entered must be...
Fluor awarded bauxite expansion project in Guinea
Fluor Corporation has announced that Compagnie des Bauxites de Guinée (CBG) awarded Fluor an engineering, procurement and construction management contract for the Bauxite Production Expansion Project in Kamsar, Guinea.
Fluor booked the $501 million contract value into backlog in the second quarter of 2016.
The project will expand bauxite production from 14.5 million to 18.5 million tons per year and is the company’s first of a planned three-phase expansion. The scope includes expansion of the mine infrastructure, rail system, port facility and processing plant...
Automotive aluminium recycling rate higher than 90%, new study confirms
New research from the Worcester Polytechnic Institute’s (WPI) Center for Resource Recovery and Recycling confirms an overall recycling rate of 91% for automotive aluminium.
The peer-reviewed study, funded by the Aluminum Association, examines how much aluminium used in the United States’ light-duty automotive sector is recovered and recycled from vehicles at end of life. This new study supports findings from earlier third-party government and auto industry reports to confirm aluminium is the most sustainable choice for the environment.
“We set out to...
Next generation Mercedes-Benz C Class to get more aluminium and become lighter
Luxury automotive brand Mercedes-Benz is known to be contemplating a further shift to aluminium in a bid to shed more weight in its next-generation of Merc-Benz C Class models.
With more aluminium in body and frames and advanced new joining processes installed into its U.S. manufacturing plant, the car maker intends to make its new offering much lighter, faster and fuel-efficient while reducing carbon dioxide emissions significantly.
In a presentation at the Center for Automotive Research's Management Briefing Seminars in Traverse City in Michigan on Monday,...
Automotive Aluminum Recycling Rate Higher Than 90 percent, New Study Confirms
(DETROIT) — New research from the Worcester Polytechnic Institute’s (WPI) Center for Resource Recovery and Recycling...
Alba bolsters business ties with local Aluminium Downstream Companies
Attuned to get closer to its local customers and service providers, Aluminium Bahrain B.S.C. (Alba), a world’s leading aluminium smelter, had an official delegation visiting TAHA International Corporation, Bahrain Recycling Plant (BRP) and Crown Industries on Sunday, July 17, 2016.
The delegation comprised of Alba’s Chief Financial Officer, Ali Al Baqali, along with Senior Manager Casthouse, A. Rasool Ahmed, Manager Procurement & Warehousing, Mustafa A. Rahman, and Trainee Casthouse’s Superintendent – Metal Management, Mahmood Hassan.
ASI update
ASI is targeting the launch of its certification program for the end of 2017.
We are currently on track with the development of all the required normative documents, and are preparing a public consultation process on the draft Chain of Custody (CoC) Standard to start in October this year.
There are a range of normative documents needed to design and run a standards system and certification program. These documents set out the key elements for how ASI Certification will be designed, implemented, overseen and improved over time.
ASI has developed an orientation...