Toyo Seikan Group Holdings reported a 7.7 per cent year-on-year decline in operating profit from its packaging business in the first half of FY2026, as rising raw material and energy costs continued to weigh on profitability despite higher sales. The Japanese packaging manufacturer recorded a 33.1 per cent increase in its LME aluminium price benchmark during the period, highlighting the cost pressures facing packaging producers amid elevated commodity prices. According to the company's financial results released on November 9, 2026, the LME aluminium price averaged USD 3,380 per tonne during April-September 2026, compared with USD 2,540 per tonne in the corresponding period of FY2025. Although the actual price was below the company's August forecast of USD 3,510 per tonne, it remained...
Molson Coors Beverage Company reported a USD 30 million unfavourable impact from Midwest Premium pricing in the third quarter, adding to inflationary pressures across materials, logistics and manufacturing expenses. The brewing company also reported lower-than-expected revenue and reduced its full-year financial outlook, sending its shares down 3.36 per cent in pre-market trading on Thursday. The company reported net sales of USD 2.93 billion for the third quarter, falling short of analysts' expectations of USD 2.94 billion. Revenue declined 1.6 per cent compared with the corresponding period last year, while sales decreased 1.2 per cent on a constant currency basis. The decline was primarily driven by a 3.0 per cent fall in financial volume, partly offset by favourable pricing and sales...
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On Tuesday, December 1, the Institute of Scrap Recycling Industries (ISRI) announced that it hired Cheryl Coleman as vice president of sustainability. Coleman will be responsible to look after the development and execution of an integrated strategy addressing the priorities of the segments of the recycling industry. She will also supervise the strategic planning and execution of ISRI’s new recyclability protocol and other sustainable development initiatives on behalf of ISRI and its members. Cheryl Coleman comes with decades of experience in materials and sustainability management. She served the U.S. Environmental Protection Agency (EPA) as the Director of the Resource Conservation and Sustainability Division. While at EPA, she led efforts to improve the United States recycling system...
Vedanta has raised its aluminium products price today after the cutting the price of the same products on November 25. With effect from Wednesday, December 2 2020, the prices of some aluminium ingots are in the range of INR 170,000-183,000 per tonne, up by INR 5,250 per tonne from INR 164,750-177,750 per tonne on November 25. The company’s billet price came in at INR 178,000 per tonne on December 2, marking an increase of INR 5,250 per tonne from INR 172,750 per tonne on November 25. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium prices on LME are up nearly 12% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a...
As updated by Shanghai Metals Market, average spot alumina price in China has hiked for the second time in a row. The price registered an increase of RMB 4 per tonne to stand at RMB 2292 per tonne on Wednesday, 02 December 2020. The prices of alumina in Shandong, Henan and Shanxi China markets have risen by RMB 5 per tonne to stand at RMB 2280 per tonne, RMB 2295 per tonne and RMB 2295 per tonne on Wednesday, 02 December 2020. Alumina prices in Guangxi dropped by RMB 5 per tonne to RMB 2275 per tonne. SMM aluminium ingot price edged higher by RMB 100 per tonne to stand at RMB 17080 per tonne on Wednesday, 02 December 2020, from Tuesday’s price of RMB 16980 per tonne. This marked the sixth consecutive rise in aluminium ingot price. The price is expected to range at RMB 17060-17100 per...
The LME complex rose for the most part, including aluminium, which added 0.91 per cent. Global aluminium benchmark price on the London Metal Exchange climbed 1.54 per cent on December 1. LME aluminium cash (bid) price and LME official settlement price surged to US$ 2045.50 per tonne on December 1 from US$ 2014.50 per tonne on November 30. 3-months bid price and 3-months offer price stood at US$ 2052.50 per tonne, growing by US$ 30 per tonne from US$ 2022.50 per tonne in the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 2069.50 per tonne. The LME aluminium opening stock decreased from 1374025 tonnes to 1368125 tonnes on December 1. Live Warrants hovered at 1213550 tonnes, while Cancelled Warrants at 154575 tonnes. LME aluminium 3-months Asian Reference Price stood at...
According to the Shanghai Metals Market, many northern regions in China have issued output control policies for the 2020-21 heating season. In mid-November, Lvliang in Shanxi province issued the List of Heavy Pollution Weather Emergency Emission Reductions in 2020, including ten alumina refineries and one aluminium smelter. The document issued by Lvliang also includes set requirements for production and transport at these companies. In Henan, one alumina refinery has shut down two roasting furnaces until now, leaving 450,000 tonnes per year of roasting capacity in operation. Another refinery in Henan has closed one roasting furnace, leaving 1.8 million tonnes per year of roasting capacity in operation. In Shanxi, one alumina refinery is currently operating a roasting furnace with capacity...
Reynaers Aluminum acquires technical wholesaler Agentor and in this way the company strengthens its position in the Netherlands. Agentor NV will become part of Reynaers Aluminum BV, located in Helmond, and active in the development and sale of aluminium facade systems in the Netherlands. Reynaers Aluminum BV is part of the international Reynaers Group that offers aluminium and steel facade solutions worldwide. On 26 th November’20, the formalized acquisition occurred with the signing of the contract between the Directors Edgar van Ginkel of Reynaers Aluminum BV and Gert-Jan Zwep of Agentor NV. For Van Ginkel, this takeover is a logical step in strengthening Reynaers 'position in the Netherlands. ''Also, Agentor distinguishes itself through a lot of knowledge in the areas of, for example,...
We are happy to reveal the performance metrics of our fifth quarterly e-Magazine “ Covid-19 Impact: Importance & Emergence of Industry 4.0 . ” The magazine, launched on July 31, has ruled the world of the internet with a total global reach of 40,026 and hits 148,378 across 123 countries until November 30. In only three months, we are delighted to have discovered that the e-Magazine has created a buzz on social media, achieving 8692 reaches on Twitter , 13589 on Facebook , and 7274 on LinkedIn . The average time spent by a user on the magazine is over 8 minutes , while the direct reach has crossed 1,275 . The viewership of the promotional video on the magazine stands at 9,404 . This e-Magazine was AlCircle’s small effort to share necessary information and suggestion on how the...
The United Nations classified Jordan as a middle-income nation and the economy of Jordan is classified as an emerging market economy. Jordan is facing economic challenges in the time of COVID-19 and it is going through a recession. The travel and tourism sector has been the worst hit due to Jordan’s restrictions on tourism and the diminished global appetite for travel that will likely continue through all of 2021. The Arabian nation’s import of aluminium foil during 2018-19 stood at 4963 tonnes and the revenue expended remained at $19.54 million. The import for 2020 is analysed to reach at 5059 tonnes and the expenditure to stand at $14.30 million. However, when the import volume and expenditure of 2020 gets added with the existing two years, it depicts 10,022 tonnes and $33.84 million...
November 2020 had been the best month for Aluminium Corporation of China Limited, popularly known as Chalco, since its debut almost two decades ago, as investors have started taking keen interest in the Chinese aluminium sector. In the said month, China’s leading company in the non-ferrous industry rose a spirited 80 per cent in Hong Kong against the backdrop of equities and metals prices took heart from China’s V-shaped economic rebound. This extra jolt enjoyed by Chalco suggests a deeper shift in the aluminium industry as concerns around overcapacity and high production costs begin to subside. Many analysts think that despite this sharp rise in share prices, Chinese aluminium stocks are worth buying. "Aluminium stocks are spiking with aluminium prices, which are continuing their ascent...
Alcoa Corporation has entered into agreement to sell Alcoa Warrick LLC, covering rolling mill business for total amount of approximately $670 million. The transaction is likely to close by the end of the first quarter of 2021, subject to regulatory approval and customary closing conditions. “The sale will achieve a key target in our strategy to focus on core markets while generating additional cash,” said Alcoa President and CEO Roy Harvey. “We look forward to having Kaiser Aluminum as a valued customer at Warrick Operations, and we thank all of the employees who have contributed significantly to the site’s 60-year history of manufacturing excellence.” The rolling mill operations, which include the casthouse, hot mill, cold mills, and coating and slitting lines, produces approximately...
A team of scientists, at the National University of Science and Technology (NUST) MISIS in Russia developed a new composite material to enhance the hardness of 3D printed parts. It is an aluminium powder fortified with carbon nanofibers which would increase the strength of the parts produced by additive manufacturing by 1.5. Nanofibers would also be obtained from waste resulting from the treatment of petroleum gas, making this research part of a circular economy approach. It should have a significant impact on the aerospace sector, a large user of aluminium and additive manufacturing. Metal additive manufacturing offers many advantages to sectors such as the medical sector where it is possible to design tailor-made devices, but also the aerospace industry which can imagine more complex...
Ball Corporation has collaborated with Coors Light to bring recyclable Ball Aluminium Cup to Allegiant Stadium Fans in Las Vegas. Ball Aluminium Cup is designed to meet the rising consumer demand for sustainable packaging. 100,000 of the 20-ounce aluminium cups will be available in the club seats at Allegiant Stadium. Allegiant Stadium joins a growing number of football stadiums that feature the Ball Aluminium Cup at scale. "We're proud to team up with Coors Light to bring fans at Allegiant Stadium an enhanced beverage experience and sustainable hospitality options from the start with our game-changing and infinitely recyclable aluminum cup," said Daniel W. Fisher, Ball's chief operating officer, global beverage packaging. "We introduced the aluminum cup to meet the growing demand for...
AMAG Austria Metall AG, a premium supplier of high-quality aluminium cast and flat rolled products and specialised in recycling, is reportedly setting up the largest rooftop photovoltaic (PV) system worth several million euros in Austria across an area of 55,000 m² – roughly the size of eight soccer fields. The PV system, to be installed on the roofs of the new plant, will generate around 6 GWh of electricity per year – enough to cover the needs of roughly 1,700 households. The rooftop system will also be supplemented by a free-standing photovoltaic system over an area of 2,600 m². “As recycling specialists, you could say that sustainable use of limited resources is part of our DNA. That’s why we have a clear energy strategy which, in addition to increasing energy efficiency, also...
Guala Closures Group introduced a new range of sustainable closures under the brand name, Blossom™ and with sustainability as a fundamental pillar of Guala Closures' strategy, which aims to use 35% recycled material worldwide by 2025. The closure range is built on the company’s four ethics of eco-design. Guala portrays the launch as a vital step towards achieving its corporate social responsibility goals, with each closure in the range following one of the company’s four eco-friendly design guidelines. The Greencap closure, an aluminium screw-cap closure, coheres to the group’s ‘design to revive’ principle. This principle focuses on recovering and recycling the materials used in the closures. The Spring Blossom closure, an aluminium closure for mineral water, follows the ‘design to...
A00 aluminium ingot price has soared on December 1, 2020, to stand close to RMB 17,000 per tonne, according to the Shanghai Metals Market. Growing by RMB 210 per tonne, the primary aluminium ingot price has come in at RMB 16,980 per tonne, with average prices expected to range between RMB 16,960 per tonne and RMB 17,000 per tonne. The spot contract is likely to be traded at RMB 130-170 per tonne, down by RMB 40 per tonne from the previous day. Of all the major Chinese cities, Linyi has seen the highest surge in primary aluminium ingot price today by RMB 245 per tonne to RMB 17,005 per tonne, followed by the hike in Foshan and Shenyang of RMB 210 per tonne and RMB 200 per tonne, respectively, to come in at RMB 17,080 per tonne and RMB 16,970 per tonne. In Chongqing, A00 aluminium ingot...
Benchmark aluminium price on the London Metal Exchange rose by 2 per cent to US$ 2014.5 per tonne on Monday, November 30 from US$ 1975 per tonne on Friday. As of Monday November 30, LME aluminium cash (bid) price stands at US$ 2014.50 per tonne, LME official settlement price stands at US$ 2014.50 per tonne; 3-months bid price stands at US$ 2022.50 per tonne, 3-months offer price is US$ 2022.50 per tonne; Dec 21 bid price stands at US$ 2042.50 per tonne, and Dec 21 offer price stands at US$ 2042.50 per tonne. The LME aluminium opening stock stood at 1374025 tonnes. Live Warrants totalled 1215725 tonnes, and Cancelled Warrants were 158300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2014.10 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Uber has planned to add 3,000 electric vehicles and e-rickshaws to its fleet by the end of 2021. For this, the company may enter into agreement with original equipment manufacturers (OEMs) for charging and battery swapping, and fleets and financiers, Mint reported. “As of now, we plan to have approximately 3K EVs and erickshaws (across two, three and four-wheelers) on our platform by the end of 2021,” said Prabhjeet Singh, president, mobility, Uber India and South Asia. The company already added 100 e-rickshaws in Delhi and 500 in Kolkata in November. Uber also plans to expand to Tier-II cities and reach 200 cities by December-end. “EV-friendly policies and targets by the Centre and states such as Delhi and Telangana will translate into sales in the near future,” according to the company....
On 30 th November’20, the Indian state-owned aerospace and defence organisation, Hindustan Aeronautics Limited (HAL) announced its delivery of the biggest cryogenic propellant tank (C32 LH2) ever fabricated by the company to Indian Space Research Organisation (ISRO) and that too much ahead of the contractual deadline. HAL said in a statement: “The C32-LH2 tank is a developmental cryogenic propellant tank of aluminium alloy designed for improving the payload capability of GSLV MK-III launching vehicle.” However, analysts are saying that the C32-LH2 tank would be used to put heavier satellites into orbit. Ajey Lele, a space expert at the New Delhi based Institute of Defence Studies and Analyses think tank, said: “ISRO has demonstrated its capability to launch satellites that weigh 4...
