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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Rio Tinto is presenting a new family of unique aluminium alloys designed to entitle North American die-casters to enlarge their use of recycled content in the production of automotive parts, delivering improvements on both environmental footprint and production costs. The high-quality alloy series from Rio Tinto has been developed for high-pressure vacuum die casters to blend with their scrap and recycled cleaned crushed wheels. As a replacement for buying Lower-grade secondary remelt ingots, the final blend will cost less, have a Lower carbon footprint and meet rigorous industry standards. The company's technical marketing specialists will work with consumers to tailor a specific blend of alloy and recycled content to meet their needs. Tolga Egrilmezer, Vice President Sales and...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined this week due to lower arrivals at warehouses. The inventories dropped by 12,500 tonnes from a week ago to 75,400 tonnes as of Thursday November 19. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories in Foshan registered a decline of 8,200 tonnes from last week. The stock stood at 22,200 tonnes on Thursday, 19 November 2020, from 30,400 tonnes on November 12. Stocks in Changzhou and Nanchang decreased by 1,240 tonnes and 3,300 tonnes to stand at 8,610 tonnes and 10,500 tonnes on Thursday, 19 November 2020. But the inventories of aluminium billets rose slightly in Wuxi today. The stock stood at 20,100...
Canyon Resources Limited has announced the execution of a Memorandum of Understanding (MOU) with Camrail, the Cameroon rail infrastructure operator, for the haulage of 5 million tonnes of bauxite per annum from Canyon’s Minim Martap Project (Project). Canyon has been in discussions with Camrail and its parent company, Bolloré Africa Logistics, regarding the development of the Minim Martap Project as part of feasibility studies on the Project. The Minim Martap Project in Cameroon, Central Africa presents a direct shipping ore (DSO) development opportunity. It contains a mineral resource estimate of one billion tonnes of at 45.2% aluminium oxide. Canyon Resources is progressing on its wholly-owned project to be a long-term producer of high-quality, low-impurity bauxite through a multi-stage...
Hindalco Industries Limited is incessantly expanding the prices of its aluminium ingots and aluminium products since October 31 as the global aluminium benchmark price on the London Metal Exchange has surged significantly over more than a week. Like any other Indian aluminium producers, Hindalco links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange. With effect from November 19, Hindalco has increased the price of its aluminium ingot by INR 2,250 per tonne to INR 169,500 per tonne, marking the seventh consecutive time. The company’s aluminium wire rod price has also gained INR 2,250 per tonne on November 19 to come in at INR 180,600 per tonne as against INR 178,350 per tonne a day earlier. Hindalco’s aluminium billets...
The Ranshofn aluminium producer Hammerer Aluminum Industries (HAI) is implementing its green electricity strategy steadily. In addition to a photovoltaic system, new e-charging stations are now part of the sustainability offensive. The photovoltaic system on the company's roofs is 6,300 square meters in size, making it one of the largest self-consumption PV systems in Austria. As a result, HAI already saves around 500 tonnes of CO₂ per year and with this amount one could supply around 320 single-family houses with electricity annually. There are now eleven new e-charging stations on the factory premises in Ranshofen. These can be used for company vehicles or by visitors with e-cars. There are also four electric cars in use in the vehicle pool. Two of them are models of the Mercedes EQC,...
Slovakia ranked as the fastest-growing developed economy in the world. The auto industry is the pillar and lifeblood of the Slovak economy. The country’s economic freedom score is 66.8, making its economy the 60th freest in the 2020 Index. Its overall score has increased by 1.8 points due to an improved government integrity score. The landlocked nation in Central Europe has recorded 8547 tonnes of aluminium cans import during 2018-19 and the expenditure occurred during the phase for the import remained at $42.89 million. The import of aluminium cans in 2020 is expected to remain at 4428 tonnes and expenditure to stand at $19.98 million. However, when the import volume and expenditure of 2020 gets added with the existing two years, it demonstrates 12,975 tonnes and $62.87 million...
China’s social inventories of primary aluminium have declined today, on November 19, for the fifth consecutive week, although lower than the last week. Shanghai Metals Market data shows the inventories have plunged by 14,000 tonnes this week across eight major Chinese consumption areas, including SHFE warrants, to stand at 615,000 tonnes. Last Thursday, November 12, primary aluminium stocks shrank by 25,000 tonnes to come in at 629,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: The downfall in primary aluminium inventories today has, however, not touched upon all the major Chinese cities today except Nanhai, Wuxi, and Shanghai. While the inventories in Nanhai have declined by 12,000 tonnes over the week to 171,000...
National Aluminium Company Limited (NALCO) has increased its aluminium products price for the seventh time in a row. With effect from Thursday, 19 November 2020, the company’s aluminium ingots price came in at INR 170,050 – 173,550 per tonne, a growth of INR 3,000 per tonne from INR 167,050 – 170,550 per tonne on November 17. The company is selling its aluminium billets at INR 173,500- 176,150 per tonne on November 19. That was up by INR 3,000 per tonne from INR 170,500 – 173,150 per tonne on November 17. Aluminium wire rods price stood at INR 173,550-177,900 per tonne, from INR 170,550 – 174,900 per tonne. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has increased by more than...
Australian Bauxite Limited (ASX:ABX) has reported the economic assessment of its 89 per cent owned subsidiary Alcore Limited and work being undertaken by Alcore to process aluminium fluoride (AlF3). Aluminium fluoride is a mineral used for smelting aluminium. It is also being investigated for advanced lithium-ion batteries. Alcore aims to become the first domestic producer of aluminium fluoride which will diversify and increase the security of supply for Australian smelters. It will also enable the country to export to other smelters worldwide. Currently, Australian aluminium smelters rely entirely on imported AlF3. In the last 12 months, smelters secured more than 26,000 tonnes of AlF3 at an average US$ 1,266 per tonne from China alone. Alcore AlF3 is the world’s first production of the...
Vedanta has raised its aluminium products price for the sixth time in a row. With effect from Thursday, 19 November 2020, the prices of some aluminium ingots are in the range of INR 166,500-179,500 per tonne, up by INR 2,250 per tonne from INR 164,250-177,250 per tonne on November 18. The company’s billet price came in at INR 174,500 per tonne on November 19, marking an increase of INR 2,250 per tonne from INR 172,250 per tonne on November 19. 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 more than 8% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and...
The Bauxite mining in the Cockpit Country is anticipated to render a game-changing boost to the economy of Jamaica, despite potential long-term deforestation, at least in the short term, if the Government allows Noranda Jamaica Bauxite Partners II (NJBP II) to mine 8,335 hectares of land, as reported by an environmental impact assessment (EIA). Noranda’s plan to mine an area identified as Special Mining Lease (SML) 173 has been dogged by controversy, with environmentalists and farmers wary of potential devastation to the ecologically sensitive area. The EIA, prepared by Conrad Douglas & Associates, reads: “This is a major contribution to maintaining NJBP II’s operations and a critically important contribution to Jamaica’s economy overall, and more specifically, foreign exchange earnings,...
WALES’ leading aluminium fabricator Dudley’s Aluminium will again help in the redevelopment of Cardiff’s Central Square as it begins work on a major multi-million-pound project. Dudley’s Aluminium has secured the contract worth more than £6million, along with ISG. They will work closely with Rightcares, the developer of Central Square, to ensure that the project continues to meet the high standards required for the multi-layered development. The redevelopment project includes building new, state-of-the-art bus and coach stations and also dynamic offices and residential accommodation in a key city centre location. Dudley’s Aluminium has bagged the contract for the latest project in the redevelopment – The Interchange. The Welsh fabricator will supply and install a range of high –quality...
Three-month LME aluminium increased 0.4% to close at US$1,990 per tonne on Wednesday, with open interest falling to 728,000 lots. SMM expects the contract to trade between US$1,970-2,020 per tonne today. As of Wednesday November 18, LME aluminium cash (bid) price stands at US$ 1978 per tonne, LME official settlement price stands at US$ 1978 per tonne; 3-months bid price stands at US$ 1994 per tonne, 3-months offer price is US$ 1994 per tonne; Dec 21 bid price stands at US$ 2011per tonne, and Dec 21 offer price stands at US$ 2011per tonne. The LME aluminium opening stock stood at 1409575 tonnes. Live Warrants totalled 1240775 tonnes, and Cancelled Warrants were 168800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1985.02per tonne. SHFE Aluminium Price Trend...
Birdcall teamed up with Ball Corporation to launch infinitely recyclable Ball Aluminium Cup. Birdcall, a fast-casual restaurant concept serving award-winning, all-natural crispy chicken sandwiches and fresh, nutritious salads, aims to reduce reliance on single-use plastic cups with aluminium cups. "Birdcall is committed to pushing ourselves to constantly think about sustainability," said Peter Newlin, chief executive officer of Birdcall. "We couldn't be more excited about the change Ball is making to sustainability and we are excited to join them in their incredible mission to offer an alternative to plastic cups with the goal of achieving 100% aluminum beverage packaging in our restaurants in 2021." Birdcall is serving their signature draft beers in the 20oz beautifully crafted,...
A00 aluminium ingot price in China has extended its growth on Thursday, November 19, to stand close to RMB 16,000 per tonne, according to the Shanghai Metals Market. Data shows the price has jumped by RMB 170 per tonne and standing at RMB 15,920 per tonne, with average prices likely to range between RMB 15,900-15,940 per tonne. The spot contract is expected to trade at RMB 140-180 per tonne. In Gongyi and Foshan, the primary aluminium ingot price has also hiked by RMB 170 per tonne to come in at RMB 15,780 per tonne and RMB 15,920 per tonne, respectively. Chongqing has seen the highest growth of RMB 185 per tonne to RMB 15,855 per tonne, while that in Shenyang and Wuxi has increased by RMB 155 per tonne and RMB 150 per tonne to come in at RMB 15,865 per tonne and RMB 15,910 per tonne,...
Alcoa has been named in the 2020 Dow Jones Sustainability Indices. The company is in the materials category of the North American index. “This designation continues to validate the important work we do to embed sustainability across our entire business and all of our operations, from responsibly mining bauxite to producing sustainable aluminum,” said Sonya Elam Harden, Alcoa’s Executive Vice President and Chief External Affairs Officer. “We are honored to be named once again in this annual listing, which aligns with our corporate strategy to advance sustainably.” The Dow Jones Sustainability Indices (DJSI) is the world’s leading provider of ratings that evaluate publicly listed companies against environmental, social and governance (ESG) criteria. Alcoa’s three product segments have been...
Aditya Birla Group’s metal flagship company Hindalco Industries Limited, has been ranked as the Aluminium Industry leader for its sustainability performance in the 2020 edition of the S&P Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment (CSA) rankings. Hindalco Industries is the sole company from India to be recognised as an Industry Leader this year. Industry Leaders are the top-performing companies in each of the 61 industries represented in the DJSI. Hindalco got a total score of 75 points as against the industry average of 51. The ranking is a proclamation of Hindalco’s commitment towards operations under a Resilient, Responsible and Reliable business model. Hindalco’s scores are in the 100th percentile in most aspects of all 3 dimensions of the...
Mediacorp Canada Inc., the nation's largest publisher of quality employment periodicals, reaching over 15 million Canadians each year has published ranking in the Globe and Mail on 13 th November’20, where Rio Tinto was selected among the top 100 employers in the country. The publisher’s editors use eight indicators to complete their list: physical workplace, work atmosphere and social activities, health, financial and family benefits; vacation and leave; communication with employees; performance management, training and skills development, and community participation. Rio Tinto, which runs its operations with more than 10,500 employees in Canada, including more than 4,000 in Saguenay – Lac-Saint-Jean, has stood out in several spheres. In particular, it provides $ 10 million per year to...
