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Hulamin returns to growth with R395.4m as rolling operations regain momentum
03 Aug 20263MINS
Downstream
South African aluminium rolled products producer Hulamin reported a stronger first-half performance for 2026 as operational stability returned following last year's production disruptions, with higher rolled product volumes, improved plant utilisation and portfolio optimisation helping lift earnings despite ongoing pricing pressures in parts of the business. The company said most of the operational challenges experienced during the second half of 2025 have now been resolved, allowing its core ...
SHFE aluminium opened lower but rebounded, though positions declined significantly; alumina continues to consolidate on a weak note
03 Aug 20263MINS
Primary AL
The SHFE aluminium 2608 contract opened at RMB 23,400 per tonne today, reached a high of RMB 23,665 per tonne, hit a low of RMB 23,400 per tonne, and closed at RMB 23,625 per tonne, down RMB 10 per tonne or 0.04 per cent from the previous trading day. Trading volume was 12,000 lots, open interest was 40,300 lots, and daily position change was -5,189 lots. The price stood above the MA5 (23505), MA10 (23357.50), MA20 (23228.50), and MA40 (23362.25), but still below the MA60 (23758.92). The short ...

03 Aug 20262MINS
Downstream
Press Metal Aluminium Holdings Berhad (PMAH) has proposed to acquire an additional 35.6 per cent stake in PMB Technology Berhad (PMBT) for MYR 464.95 million (USD 109.9 million) in cash, a move that will raise its shareholding to about 58.8 per cent and make PMBT its subsidiary. The proposed acquisition covers 664.22 million PMBT shares at MYR 0.70 (USD 0.17) apiece under a conditional share sale agreement signed on August 3. The shares will be acquired from five members of the Koon family: ...
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