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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The International Aluminium Institute (IAI) data shows the world alumina production in October 2020 stood at 11.450 million tonnes compared with 10.855 million tonnes in September 2020. This represents that production in October grew by 5.48 per cent month-on-month, following a drop of 4.81 per cent in the month earlier from 11.404 million tonnes in August 2020. Total production during August-October amounted to 33.709 million tonnes, up by 1.82 per cent from 33.106 million tonnes during the same period last year. On a year-on-year calculation, alumina production in October 2020 recorded a surge of 1.96 per cent from 11.226 million tonnes. In the first 10 months of the year, the world alumina output totalled 110.466 million tonnes, 0.55 per cent higher than 109.866 million tonnes during...
Owl’s Head Alloys has joined the Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of members to 144. “Owl’s Head Alloys is joining ASI to support its customers that are deeply involved in aluminum smelting, casting, rolling, extruding, recycling, and fabrication across the US and North America. As a leading aluminum smelter, OHA recognizes the need for credible sustainability standards across the entire aluminum supply chain in which it actively participates. OHA understands the critical importance of minimizing the impacts related to the environment through continuous improvements to the processes and operations required to produce our products,” said Michael J. Boyle – President. Owl’s Head Alloys is a leading provider of...
Benchmark aluminium price on London Metal Exchange dropped 0.28 per cent to US$ 1961.5 per tonne on Thursday, November 26, from US$ 1967 per tonne on Wednesday. As of Thursday November 26, LME aluminium cash (bid) price stands at US$ 1961.50 per tonne, LME official settlement price stands at US$ 1961.50 per tonne; 3-months bid price stands at US$ 1978 per tonne, 3-months offer price is US$ 1978 per tonne; Dec 21 bid price stands at US$ 1999 per tonne, and Dec 21 offer price stands at US$ 1999 per tonne. The LME aluminium opening stock stood at 1383250 tonnes. Live Warrants totalled 1227950 tonnes, and Cancelled Warrants were 155300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1980.35per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
The shareholders of Hirschvogel Holding GmbH, one of the largest international automotive suppliers in the area of aluminium and steel forging as well as subsequent machining, initiated the first step by appointing Walter Bauer and Dr Dirk Landgrebe at the new top management, with the view to be able to take the steps for the change process towards a sustainable company without any further delay. According to its statements, the family company based in Denklingen intends to align its range of products and services as profitably as possible to the market potential for the next ten years and to bundle all forces for this purpose. By consolidating the company's perspective in the direction of innovative, market-oriented products, the long-term prospects of employees are also to be...
China’s average alumina spot price has recorded a dip of RMB 2 per tonne to close the week on Friday, November 27, at RMB 2,281 per tonne, according to the Shanghai Metals Market. The price has recorded a change today after remaining restrained for the last two consecutive days on November 25 & 26. However, today, except for Guizhou and Guangxi, average alumina spot price has remained muted in Shandong, Henan, and Shanxi. In Guangxi and Guizhou, average alumina spot price has dropped by RMB 10 per tonne and RMB 5 per tonne to stand, respectively, at RMB 2,290 per tonne and RMB 2,295 per tonne. Imported alumina price and Australian alumina FOB price have also registered no change from RMB 2,310 per tonne and US$ 283 per tonne, respectively. Despite the loss of average alumina spot price,...
Social inventories of primary aluminium in China have extended downfall for the sixth consecutive week by 19,000 tonnes week-on-week, found the Shanghai Metals Market. SMM data shows, the inventories have dwindled across the eight major Chinese consumption areas, including SHFE warrants, to stand at 596,000 tonnes on Thursday, November 26. Last week, on November 19, the inventories had declined by 14,000 tonnes over the week to come in at 615,000 tonnes. This means the downfall this week has expanded by 5,000 tonnes. Higher demand for domestic primary aluminium due to strict restrictions on imported aluminium scrap coupled with slower arrivals of stocks at warehouses has been leading to the incessant decline in inventories. The chart below indicates the current status of primary aluminium...
Over the last 12 months strategic investments, impressive growth and ongoing market penetration, especially overseas, has triggered in i2r Packaging Solutions to increase its global offering by initiating a presence in the US. i2r has appointed Dave Cobb, as National Sales Manager for the North American market towards the development of the operation. Cobb joins i2r from a similar account management role in the aluminium industry. Dave Cobb, while commenting on his new role said: “i2r is a rapidly expanding business with a fresh and unique take on the packaging market. Their innovation and ability to pivot in new directions seem to be unmatched.” “The North American market will undoubtedly present us with a range of opportunities, which I look forward to pursuing.” The aluminium container...
The Dubai based Al Ghurair Group has selected SirajPower to design, construct, operate, and maintain a 1.8 MWp solar rooftop plant at its Gulf Extrusions’ facility located at Jebel Ali. The project engulfs 4,500 solar panels that will generate 3 GWh of clean energy annually, and neutralizing over 2,000 metric tonnes of CO2 emissions, corresponding to more than 8,000,000 kilometres driven by an average vehicle passenger or equivalent to more than 35,000 trees seedlings grown for 10 years. The aluminium rails that will be used to mount the solar PV panels will be manufactured by Gulf Extrusions. This is the premier project under a recently declared partnership between SirajPower, a UAE-based solar energy provider and Al Ghurair Group, one of the largest diversified family business groups in...
The aluminium treatment specializing company Newalu headquartered in Delbrück, Germany has gained a vital order worth multi million euros. Newalu GmbH, the supplier of heat-treated and ready-to-install aluminium components for the production of the Air e-sedan from Lucid Motors, a US automobile company from Silicon Valley. Lucid Motors develops luxury-class electric cars and body components for this vehicle are sent to Delbrück via a large German foundry for refinement. Martin Volpers, Managing Director, Newalu, said: “We are delighted with the prestigious major order for the most powerful and efficient luxury-class electric sedan in the world. The growing trend towards e-mobility offers lightweight construction with aluminium and our services great future opportunities.” According to...
National Aluminium Company Limited (NALCO) has cut the prices of its aluminium ingot and aluminium products with effect from Thursday, November 26, after raising them for seven times in a row till November 19. The Navratna Group has reduced its aluminium ingot price by INR 1,800 per tonne or 1.06 per cent from INR 170,050 – 173,550 per tonne on November 19 to INR 168,250-171,750 per tonne, as of November 26. NALCO’s aluminium wire rod price has come in at INR 171,750- 176,100 per tonne on November 26, also down by INR 1,800 per tonne from INR 173,550-177,900 per tonne on November 19. The price of NALCO’s aluminium billets has also been cut by INR 1,800 per tonne from INR 173,500- 176,150 per tonne to INR 171,700- 174,350 per tonne, as of November 26. Like Hindalco and Vedanta, NALCO also...
Lower arrivals of stocks at warehouses, coupled with robust demand, have further fuelled the downfall of 6063 aluminium billet stocks in China this week, ending on Thursday, November 26. China’s aluminium billet inventories today have shrunk by 6,400 tonnes across the five major consumption areas to stand at 69,000 tonnes. Last week, the inventories stood at 75,400 tonnes, declining by 12,500 tonnes week-on-week. This shows the downfall today has lowered by 6,100 tonnes than the previous week. The chart below indicates the current status of aluminium billets inventories across China in more details. In Foshan, aluminium billet inventories on November 26 have decreased sharply by 9,600 tonnes to stand at 12,600 tonnes from 22,200 tonnes on last Thursday; while in Wuxi, the stocks dipped...
ASX-listed mineral exploration company, Lindian Resources, has begun the next significant phase of technical analysis at its Gaoual bauxite project in Guinea. The company has reportedly sent its geological crew to the project to conduct screening tests on Gaoual’s aluminium oxide ore. Through earlier tests, Lindian Resources found a readily mineable maiden resource at Gaoual, with aluminium oxide at an average 49.8 per cent, silica 11.5 per cent, and a higher-grade component of 84 million tonnes at an impressive grade of 5.12 per cent aluminium oxide. Gaoual contains higher levels of the impurity silica than other bauxite resources, but metallurgical test shows that the deposit’s silica content is predominantly fine-grained quartz. So, simple screening can significantly reduce the silica...
Despite the well-founded economic performance and sustained reform momentum over the past few years, Portugal entered the COVID-19 crisis with undersized capital markets. As an open economy, the country is heavily reliant on exports and tourism, Portugal was been working to diversify its output by increasing activities in information technology and services. “Within Europe, Portugal will probably be among the most affected, with a double-digit recession rate in 2020,” says Paula Carvalho, Chief economist at Banco BPI. Aluminium delivers a better conductivity to weight ratio than copper; hence it is also used for wiring power grids, including overhead power transmission lines and local power distribution lines, as well as for power wiring of some aeroplanes. The Southern European nation’s...
Hindalco Industries Limited has reduced the prices of its aluminium products and aluminium ingot with effect from Wednesday, November 25, in line with the downtrend in global aluminium benchmark price on the London Metal Exchange after November 19. Hindalco has cut its aluminium wire rod price by INR 2,000 per tonne or 1.11 per cent to INR 178,600 per tonne, as against INR 180,600 per tonne on November 19. The company’s aluminium billets price has also been reduced by INR 2,000 per tonne from INR 176,600 per tonne to INR 174,600 per tonne. With the latest cut, Hindalco’s aluminium ingot price has come in at INR 167,500 per tonne, also down by INR 2,000 per tonne from INR 169,500 per tonne on November 19. Hindalco links its aluminium ingot and aluminium product prices to the three-month...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its growth on Thursday, November 26, albeit much slower than the previous day, to continue to remain above RMB 16,000 per tonne. The price is standing at RMB 16,130 per tonne growing by RMB 10 per tonne. The average prices are expected to range between RMB 16,110 per tonne and RMB 16,150 per tonne, with spot contract to be traded at a premium price of RMB 100-140 per tonne, up by RMB 10 per tonne from November 25. Except for Foshan, the increase in A00 aluminium ingot has touched upon all the major markets in China. In Foshan, the price has dropped by RMB 20 per tonne to RMB 16,230 per tonne. Hangzhou has seen the highest rise today of RMB 80 per tonne to RMB 16,230 per tonne, followed by the hike of...
RUSAL, one of the leading aluminium producers in the world has been assigned with a unique IMO identification number (GNPMT-001) following the successful accomplishment of the international registration of its Taressa mining port in the Global Integrated Shipping Information System (GISIS) of the International Maritime Organization (IMO). Located at the mouth of the Rio Nunez River at Boké region in the Republic of Guinea, the mining port of Taressa, part of the production chain of COBAD SA (Dian-Dian project) is intended to meet the needs of RUSAL in terms of bauxite supply. The infrastructure of the port of Taressa includes a berth for bulk goods (bauxites), a ship loader, a set of technological equipment for the transhipment of bauxites, warehouses and storage spaces, lanes of...
LME aluminium price closed the day on Wednesday, November 25, 0.13 per cent higher to US$ 1967 per tonne, following two consecutive days of decline. Both LME aluminium cash (bid) price and LME official settlement price stood at US$ 1967 per tonne, growing by US$ 2.50 per tonne on November 25. 3-months bid price and 3-months offer price stood at US$ 1981.50 per tonne, climbing by only US$ 0.50 per tonne from US$ 1981 per tonne on November 24. Dec 21 bid price and Dec 21 offer price, however, extended decline by US$ 1 per tonne to come in at US$ 2004 per tonne. The LME aluminium opening stock continued to fall to stand at 1388250 tonnes on November 25. Live Warrants hovered at 1231200 tonnes, while Cancelled Warrants at 157050 tonnes. LME aluminium 3-months Asian Reference Price stood at...
Ghana is home to three out of the four stages in producing aluminium. Only the alumina refining stage does not take place in Ghana. The rest, namely bauxite mining, aluminium smelter producing ingots and the casting of aluminium ingots into sheets, coils and profiles, take place here. The Ghana Export Promotion Authority (GEPA) has highlighted the need for the country to establish an alumina refinery plant to process raw bauxite and create an integrated aluminium industry. The establishment of the alumina refinery would inflate the country's revenue earnings from the mineral and also open up an industry that would create jobs, businesses and entrepreneurs. An observation followed by the export facilitation body that the country was earning less from its large deposits of bauxite materials...
