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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Three-month LME aluminium began the week on Monday, November 23, with a 0.98 per cent fall to settle at US$ 1967.5 per tonne, with open interest rising to 726,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. LME aluminium cash (bid) price and LME official settlement price declined on Monday, November 23, by US$ 14.5 per tonne or 0.73 per cent to stand at US$ 1969.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1985.50 per tonne, decreasing by US$ 10 per tonne from US$ 1995.50 per tonne on November 20. Dec 21 bid price and Dec 21 offer price came in at US$ 2006 per tonne from US$ 2014 per tonne last week. The LME aluminium opening stock extended downfall from 1399525 tonnes to 1395525 tonnes on November 23. Live Warrants hovered at 1232800...
According to the General Administration of Customs data, aluminium imports in China declined month-on-month in October as domestic and international prices spread narrows. Imports of unwrought aluminium and aluminium products came in at 256,619 tonnes last month, down 27.9%. Imports of unwrought aluminium and aluminium products stood at 2.25 million tonnes in the first ten months of 2020. This marked an increase of 383.5% year-on-year. China’s shipments of these products increased 403.6% year-on-year, customs said. Aluminium exports in October were 418,894 tonnes. The country has been importing significant amount of the metal in more than a decade in 2020 as Shanghai aluminium prices grow well above London prices. China was a net aluminium importer in July and August - when exports neared...
The US-based brand ENVE has reportedly launched a new range of mountain bike stems made of aluminium alloy. The stems are cold-forged, precision-machined, and purpose built, and also customised for pairing with the brand’s M series carbon handlebar offering. The stems are available in 31.8mm and 35.0mm clamp diameters, with both clamp models offered with a zero degree rise in 35mm, 50mm, and 65mm lengths. ENVE has been slowly introducing aluminium products in its collection, including rim and disc brake compatible road hubs. “To be successful as a carbon manufacturer, you must first have an intimate understanding of machining,” stated VP of engineering Scott Nielson. “Behind every successful carbon design, is an equally clever mould design that was machined typically from aluminium or...
The Covid-19 outbreak has been a tough challenge for most of the businesses. However, PT Djuara Aluminium Nusantara (Djuan), a vital aluminium distributor continues to seek solutions to keep growing amid this crisis and one of the ways out is by increasing partnerships with hundreds of aluminium craftsmen in producing various household needs. Tarsisius Tukijan, President and Director, Djuara Aluminum Nusantara "After making several improvements, we encourage the company to continue to increase partnerships with craftsmen, especially around the Citeureup, Cibinong and several other areas in Bogor Regency, West Java." PT Djuan is a distributor of aluminium for various purposes, ranging from household appliances to other industrial needs. The partnership with these craftsmen has been...
Tomago Aluminium’s chief executive officer Matt Howell has reportedly supported the federal government for its warning to intervene in the National Electricity Market and build a gas plant on a condition of ‘like-for-like’ power when AGL’s Liddell coal-fired power plant shuts. Mr Howell has also praised the decision of Queensland zinc refinery Sun Metals to powering its entire operations with renewable electricity by 2040, but mentioned that it is not possible for Tomago’s Hunter Valley aluminium smelter to follow the same. He said, "I spent a bit of time on the zinc industry, and I know for a fact that they can ramp down the current in a zinc furnace, and just leave it there for a few days. But you can't do that with aluminium, you can't do it with a blast furnace.” He added, "So every...
Romania has been gravely stroked by the Covid-19 pandemic. GDP for the first half of 2020 plunged by 4.6% year on year, as the primary reason for this downturn is lower consumption and a drop in exports. In contrast, investments saw positive growth, driven by the construction sector. In 2020, the South Eastern European nation’s exports of aluminium wire to top five nations are Czech Rep., Hungary, Poland, Bosnia Herzegovina, and Bulgaria. These five nations will take up 71.81% of total Romania’s aluminium wire exports and contribute $92.28 million in revenue. The Czech Republic will stand at the top with 15,767 tonnes of aluminium wire import from Romania, Hungary to remain at number two with 13,905 tonnes, Poland with 10,545 tonnes import to ranks three in the list, while the fourth and...
Crown Holdings becomes the first metal packaging manufacturer to activate 100 percent renewable power in its beverage can plants in the U.S. and Canada. The company is now operating all 14 of its plant on renewable energy. “It is the first metal packaging manufacturer to achieve this milestone, which is the result of a 15-year wind power Virtual Power Purchase Agreement (VPPA) with Longroad Energy. With the VPPA in effect and all of Crown's manufacturing facilities in the U.K. already completing a similar transition, 27.5% of the Company's global operations are now using renewable electricity.” This is a major step in the company’s plan to employ 60% renewable electricity by 2030, 90% by 2040 and 100% by 2050. The move supports Crown's Twentyby30 target to reduce Scope 2 greenhouse gas...
Monadelphous Group Limited, a leading Australian engineering group providing construction, maintenance and industrial services, has been awarded new construction and maintenance contracts by both Rio Tinto and BHP in the resources sector. The contract has a combined value of approximately $60 million. Monadelphous has received three three-year contracts for Rio Tinto for the delivery of sustaining capital projects across various mine sites and port operations throughout Western Australia’ Pilbara region. The agreement covers structural, mechanical and piping, electrical, instrumentation and controls, and non-process infrastructure projects. The company has also secured a three-year contract with Rio Tinto for mechanical, electrical and access maintenance services for fixed plant shutdowns...
Vedanta Lanjigarh, India’s premier producer of metallurgical grade alumina, has begun the ‘Energy Conservation Project’ to promote clean lighting and clean cooking in the villages of Lanjigarh. Under the project, the company has already distributed solar lights to every household in Dengsargi village. This initiative is specially designed, aiming at involving employees in community development projects. This initiative is also to ensure non-polluting, reliable, and affordable source of energy for the community in a sustainable manner. The distribution of solar lights and fuel-efficient chullah to replace firewood will improve energy efficiency in the villages, reduce respiratory health risks among women and children, and save costs. Prior to this, solar lights were also distributed in...
Three-month LME aluminium fell 0.1% to close at US$1,987 per tonne on last Friday. SMM expects the contract to trade between US$1,970-2,010 per tonne today. As of Friday November 20, LME aluminium cash (bid) price stands at US$ 1984 per tonne, LME official settlement price stands at US$ 1984 per tonne; 3-months bid price stands at US$ 1995.50 per tonne, 3-months offer price is US$ 1995.50 per tonne; Dec 21 bid price stands at US$ 2014 per tonne, and Dec 21 offer price stands at US$ 2014 per tonne. The LME aluminium opening stock stood at 1399525 tonnes. Live Warrants totalled 1232800 tonnes, and Cancelled Warrants were 166725 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1996.95 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
A00 aluminium ingot price has grown by RMB 50 per tonne to stand closer to RMB 16,000 per tonne, as of Monday, November 23. Shanghai Metals Market data shows the primary aluminium ingot price today is hovering at RMB 15,980 per tonne, with average prices expected to range between RMB 15,960 per tonne and RMB 16,000 per tonne. Robust demand for primary aluminium among downstream consumers and continuous decline in inventories are attributing to the increases in A00 aluminium ingot price. Spot contract today is estimated to be traded at a premium price of RMB 100-140 per tonne. Among the major Chinese cities, Linyi has seen the highest growth of primary aluminium ingot price today by RMB 150 per tonne to RMB 16,030 per tonne, followed by the rise in Foshan by RMB 110 per tonne to RMB 16,050...
Vedanta Limited announced Organizational changes last month, wherein it centralized the Procurement & Marketing functions across all it’s businesses into an integrated Group Commercial Organization. As part of these Organization changes, Vedanta appointed Deeptaman Mukherjee as the ‘Director, Group Commercial - Bauxite & Alumina’, in the Group Commercial Organization. Deeptaman has been a known face in the Bauxite & Alumina, and the larger Aluminium industry, and before this appointment, was the Head of Alumina Procurement, for Vedanta’s Aluminium Business. His association with Vedanta Group is approx. 12 years, with initial stints at Vedanta’s Iron-Ore & Copper business, wherein he has led/been part of Supply Chain, Commercial, Strategic Raw Materials, Strategy & Supplier Development,...
Africa is a continent which is rich by raw materials, concurrently economically poor. The biggest reason for this situation of the African continent is the exports its precious raw materials that are processed somewhere else, thus failing to add value to the resources. This has been causing continuous economical fall-outs and many African governments are trying to figure out the problem. Ghana, a West African nation is working out to augment its economy, launched the campaign one district one factory project to create a factory in each of its 216 districts to transform raw materials into products with high added value. The government of Ghana has plans to open three bauxite mines and to build two new alumina refineries, as well as to upgrade the existing aluminium smelter, to transform...
In October 2020, primary aluminium production in East & Central Europe stood at 351,000 tonnes, up by 13,000 tonnes or 3.85 per cent from 338,000 tonnes in September 2020, according to the latest data showed by the International Aluminium Institute (IAI). The output grew in October after a plunge in the previous month by 11,000 tonnes or 3.15 per cent from 349,000 tonnes in August. In July 2020, East & Central Europe’s primary aluminium output also stood at 349,000 tonnes, meaning the production in August remained flat month-on-month. On a year-on-year calculation, primary aluminium production in East & Central Europe in October 2020 stood lower by 5,000 tonnes or 1.4 per cent from 356,000 tonnes. In the entire ten months of the year, primary aluminium production in East & Central Europe...
The Dilsen group E-max, producer of aluminium profiles, will invest €15 million in its branch in Kerkrade, Netherlands. This investment is the final part of the long path to 100% circular and low-carbon aluminium. Dimitri Fotij, CEO of E-max said: “Large multinationals come to see how we managed to do this.” With the investment, the company wants to produce 100% recycled aluminium, stated the CEO. Old aluminium is melted in the ovens in Kerkrade, which forms the basis for new products. "Because we only use the waste from old aluminium windows and doors, the less basic raw material has to be extracted elsewhere. That means less depletion of raw materials and fossil fuels, less damage to the landscape and much less CO2 emissions”, said Fotij The present-day ovens in Kerkrade are now more...
Africa’s primary aluminium production in October 2020 grew month-on-month by 5,000 tonnes or 3.82 per cent, following a dip in the previous month. According to the International Aluminium Institute (IAI) data, Africa’s primary aluminium output in October came in at 136,000 tonnes compared with 131,000 tonnes in September. In August 2020, Africa produced 135,000 tonnes of primary aluminium; hence, the output in September was down by 4,000 tonnes or 2.96 per cent. In August, however, Africa’s production improved month-on-month from 133,000 tonnes in July. But despite the month-on-month hike, Africa’s primary aluminium production in October 2020 stood down on a yearly basis. During the same period last year, Africa’s primary aluminium output had amounted to 138,000 tonnes, which means the...
Nestlé and Jacobs Douwe Egberts UK (JDE UK, part of the JDE Peet’s Group) have teamed up to create Podback: a first of its kind recycling programme for coffee pods. The scheme, which will launch in early 2021, will cover brands such as Nespresso, Nescafé Dolce Gusto and Tassimo. The companies will further expand the programme to cover all coffee brands that use plastic or aluminium pods in the UK. Podback, a not-for-profit organisation, is the UK’s first cross-industry collaboration of its kind within the coffee sector, Nestle said. Guillaume Chesneau, Managing Director, Nespresso UK and Ireland, Board Director of Podback, said: “As co- founders of the scheme, as well as pioneers of the minimal-waste portioned coffee system, we are excited to build on our strong existing recycling...
Three-month LME aluminium trended up this week during November 16-20 by 1.84 per cent. On Monday, November 16, three-month LME aluminium rose 0.96 per cent to stand at US$ 1953 per tonne. On Tuesday, November 17, the price stood at US$ 1982 per tonne further growing by 1.48 per cent. On Wednesday, November 18, it increased marginally by 0.4 per cent to settle at US$ 1990 per tonne, while on November 19, fell 0.05 per cent to come in at US$ 1989 per tonne. LME aluminium cash (bid) price and LME official settlement price grew this week by US$ 51 per tonne or 2.64 per cent. Starting the week on Monday, November 16 at US$ 1933 per tonne, both LME aluminium cash (bid) price and LME official settlement price climbed to US$ 1944.50 per tonne on Tuesday, November 17, marking a hike for the third...
