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, November 17, Labor leader Anthony Albanese, accompanied by MP Meryl Swanson, toured Tomago Aluminium, Australia’s largest aluminium smelter. The Tomago tour was part of Labor’s plan to support more manufacturing jobs in the wider Hunter area. "Our plan is about the security of workers," Ms Swanson said, while adding, "This government has had over 22 energy policies, yet nothing had had an impact on price or assurance for the industry. We need to keep the jobs we've got and we need to support new jobs coming online into the future.” She also said, "We have practical sensible policies to keep Australians working. Labor will always work hand in hand with workers to ensure fair policy that protects jobs and guarantees industry." Labor leader Anthony Albanese assured job safety to...
Sea Arch Drinks has announced the introduction of two new ready-to-drink alcohol-free ranges in a recyclable single-serve 250ml can. Each of two flavours, which are low in calories, is free from sweeteners, preservatives and made with all-natural ingredients. Sea Arch Drinks co-founder Sarah Yates said: "Bursting with seaside botanicals, our Sea & T has all the deliciousness of a G&T with none of the alcohol. It's a great addition to the Sea Arch range as the convenient format of a 'ready to drink' can means people can simply snap it open and serve, ideally over ice and a slice." The “Sea & T” is a double measure of the company’s Coastal Juniper blend perfectly mixed with a lightly sparkling, low-calorie Indian tonic. The “Rose Sea & T” is a double measure of its Coastal Juniper blend...
The United States aluminium scrap exports to Indonesia have been incessantly growing over the past three months since June 2020, following a month-on-month plunge in May from 5,620 tonnes to 4,510 tonnes. The US Geological Survey found the United States in August exported 13,500 tonnes of aluminium scrap to Indonesia, up by 3,400 tonnes or 33.66 per cent from 10,100 tonnes in July. In June, aluminium scrap exports from the United States to Indonesia significantly increased by 5,270 tonnes or 116.85 per cent month-on-month to 9,780 tonnes, followed by a very marginal rise of 320 tonnes in July. On a year-on-year basis, the United States aluminium scrap exports to Indonesia in August 2020 expanded by 4,060 tonnes or 43 per cent from 9,440 tonnes. In the first eight months of the year...
Exxelia, a leading designer and manufacturer of high-reliability passive components and precision subsystems focusing on highly demanding markets, applications and functions with a product portfolio which includes wide ranges of capacitors among others, now rolls-out the FELSIC HC range of aluminium electrolytic capacitors. Tendering to the manufacturer of complex passive components and sub-systems dedicated to harsh environments, it offers the highest energy density of aluminium electrolytic capacitor with screw terminals. Jérôme Tabourel, Vice-President - Marketing and Sales, Exxelia, said: “Thanks to the use of improved materials, this new FELSIC family offers the highest energy density on the market while having an ultra-long lifespan.” Exxelia's new series of FELSIC HC electrolytic...
Hindalco Industries Limited continues to hike its aluminium ingot and aluminium product prices for the sixth time in a row. With effect from Wednesday, November 18, Hindalco has increased the price of its aluminium ingot from INR 165,500 on November 14 to INR 167,520 per tonne. This represents the growth of INR 1,750 per tonne or 1.06 per cent over the last four days. After a hike today, Hindalco’s aluminium wire rod price has come in at INR 178,350 per tonne, also up by INR 1,750 per tonne from INR 176,600 per tonne. Its aluminium billets price is standing at INR 174,350 per tonne as against INR 172,600 per tonne last Saturday. Hindalco links the prices of its aluminium ingot and aluminium products to the three-month futures of aluminium on the London Metal Exchange, which after November...
The economy of Ecuador is mainly based on mining, agriculture and fishing. The country has substantial petroleum resources, which accounted for 40% of the country's export income and one-fourth of central government budget revenues in recent years. Ecuador has seen the sharpest GDP shrink in at least two decades in Q2 owing to the Covid-19 shock; however, conditions improved somewhat in Q3 but remained downbeat overall. The South American nation’s import of aluminium bar rods and profiles during 2018-19 stood at 5503 tonnes and the expenditure occurred due to the import remained at $31.31 million. The import for 2020 tends to reach at 1378 tonnes and the revenue expenditure to stand at $24.30 million. When the import volume and expenditure of 2020 gets assorted with the preceding two...
Hydro announced that the company has signed a Memorandum of Understanding (MoU) with leading technology company Panasonic and energy company Equinor to explore potential for establishing European battery business. Mototsugu Sato, Executive Vice President of Panasonic said, “This collaboration combines Panasonic’s position as an innovative technology company and leader in lithium-ion batteries, with the deep industrial experience of Equinor and Hydro, both strong global players, to potentially pave the way for a robust and sustainable battery business in Norway. Panasonic has powered the last two revolutions in the automotive industry – first by powering hybrids and now, by powering multiple generations of all electric vehicles. We are pleased to enter into this initiative to explore...
Vedanta has hiked its aluminium products price for the fifth time in a row. With effect from Wednesday, 18 November 2020, the prices of some aluminium ingots are in the range of INR 164,250-177,250 per tonne, up by INR 1,750 per tonne from INR 162,500-175,500 per tonne on November 14. The company’s billet price came in at INR 172,250 per tonne on November 18, an increase of INR 1,750 per tonne from INR 170,500 per tonne on November 14. 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 7% 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 smelters...
Chinese-German joint venture and the first tier auto industry supplier Hasco KSPG Nonferrous Components (KPSNC) has bagged a six-years order contract for aluminium electromotor housings from an internationally operating maker of premium automobiles. Designed for a water-cooled synchronous motor with four different performance levels, the new electromotor housings will be installed in the OEM’s entire fleet of electric vehicles. Serial production will start in June 2023 at Hasco KSPG Nonferrous Components (KPSNC) plant in China’s Anhui Province, where the components will be cast and finished machined. Hasco KSPG Nonferrous Components is a joint venture of Rheinmetall Automotive AG, which, encompassing KS Huayu AluTech GmbH in Germany and KPSNC in China, has etched a unique name in...
SMM aluminium ingot price registered a hike today after a decline yesterday. The price rose by RMB 160 per tonne to stand at RMB 15750 per tonne on Wednesday, 18 November 2020. The price is expected to range at RMB 15730-15770 per tonne. In Foshan and Wuxi, the price rose by RMB 160 per tonne each to stand at RMB 15750 per tonne and RMB 15760 per tonne on November 18. Their average prices are expected to range within RMB 15730-15770 per tonne and RMB 15750-15770 per tonne. Aluminium ingot prices in Hangzhou, Chongqing, Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 15800 per tonne, RMB 15670 per tonne, RMB 15710 per tonne, RMB 15730 per tonne, RMB 15780 per tonne, and RMB 15610 per tonne. Australian alumina FOB price stood USD 7 per tonne higher on Wednesday, 18 November...
Zouping Hongfa Aluminium Science Technology Co. Ltd. has reportedly placed an order for one melting and holding furnace cell with Andritz AG, an Austrian plant engineering group with headquarters in Graz. The furnace cell will be installed in Zouping Hongfa’s plant in Shandong Province, China, and is expected to commence operations in the first quarter of 2022. The new furnace cell supplied by Andritz AG will incorporate the largest furnaces in China, with two 115-tonnes round-top melters and two 125-tonnes tilting holders. According to the report, this will be the most advanced equipment and technology for state-of-the-art operation, ensuring the highest environmental protection. Besides, the order includes engineering, manufacturing, commissioning, start-up, and follow-up services. In...
Constellium has received two awards for “Lowest Carbon Emissions” and “Most Improved Carbon Emissions” based on its 2019 power consumption. The company’s Bowling Green, Kentucky facility has been recognized as an “exemplary environmental steward” by the Tennessee Valley Authority (TVA). The facility manufactures flat rolled aluminium Auto Body Sheet products and has a capacity of 100,000 metric tons annually. Kentucky Facility reduces the amount of power it uses each day. Adjustments made to the CALP line, wastewater treatment facility and positive air pressure system managed to significantly minimize the facility’s power consumption. Steve Tua, Director of Manufacturing at Bowling Green, said, "We are very proud of these awards, which recognize the continuous improvements our team has...
Pangaea Logistics Solutions, a provider of logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, which includes bauxite and alumina, has declared its accomplishment of 100 th voyage of the MV Bulk Pangaea in collaboration with Noranda Bauxite and Alumina, a subsidiary of New Day Aluminum. The largest bulk volume route on the Mississippi River, navigates from Noranda's port at Discovery Bay, Jamaica, on the island's north coast, to Noranda's facility in Gramercy, Louisiana, just upriver from New Orleans, transporting approximately 63,000 tonnes of bauxite per voyage. The milestone is considered as a witness to the successful partnership these two firms have built and maintained with the support of Mid-Ship Marine,...
Three-month LME aluminium rose 1.48 per cent to close at US$ 1982 per tonne on Tuesday, with open interest falling to 743,000 lots. It is expected to trade between US$ 1950-2000 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price continued to record a hike on Tuesday, November 17, for the third day in a row to stand at US$ 1944.50 per tonne. 3-months bid price and 3-months offer price stood at US$ 1961 per tonne, growing by US$ 14.50 per tonne from US$ 1946.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1989.50 per tonne versus US$ 1978.50 per tonne on Monday, November 16. The LME aluminium opening stock increased from 1413775 tonnes to 1416700 tonnes on November 17. Live Warrants hovered at 1261550 tonnes, while Cancelled Warrants...
Fix8 has announced the launch of its kombucha range in recyclable 330ml aluminium cans. The new range is available in three flavours; Triple Ginger, Strawberry Tulsi and Citrus Saffron. This canned drinks, which is naturally low in sugar, will be available to purchase from fix8.com and soon on Farmdrop at RRP £2.50 per unit. It is also available Wholesale through Wholegood, Eebria Trade. Freya Twigden, founder of Fix8, said “Our mission is to break boundaries by taking kombucha beyond the health food niche and open up the consumption occasion. The only way to do that is to enter the wider soft drinks market in a suitable ambient format with a genuinely interesting, flavour-forward adult soft drink that plays with the flavours and complexity that only fermentation can create. We want to...
Thyssenkrupp Aerospace, the customized global supply chain solutions for the aerospace industry and Dynamatic Technologies Limited (DTL), an Indian company involved in precision engineering are reinforcing their partnership, which commenced in 2006, with an expanded framework agreement. In the next five years phase, this incorporates the supply of aluminium sheet and plate for the Boeing P-8 maritime patrol aircraft, the Bell 407 single-engine helicopter and related rotorcraft programmes. The international manufacturer based in India produces high-tech components for the automotive and aviation industries and is a Tier 1 supplier to Airbus, Boeing and Bell. As of today, ThyssenKrupp Aerospace India has already been providing supply chain management services for DTL as a 3PL partner. These...
On Friday, November 13, Alcoa Corporation announced that the company’s Executive Vice President and Chief Financial Officer, William F. Oplinger, would participate in Global Metals & Mining Conference to be hold by Goldman Sachs virtually on Thursday, November 19 at 9:00 am EST. The session will be available through a live audio webcast hosted on the “Investors” section of Alcoa’s website ( www.alcoa.com ). A slide presentation, to be used in connection with the conference and investor meetings, will be available on the “Investors” section of the same website. An audio replay will also be available after the session on the “Investors” section. Alcoa is the world's eighth largest producer of aluminium, with corporate headquarters in Pittsburgh, Pennsylvania. It is also a global leader...
ALRO has joined the Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 143. The company, one of the largest vertically integrated aluminium producers in Europe by production capacity, is structured in two divisions: Primary Aluminium, with Anode plant, Aluminium Smelter, Casthouse, Aluminium Eco Recycling Facility, repairs and spare parts production units, road and rail transportation and other additional sections. ALRO has a production capacity of 265,000 tonnes of primary aluminium and 340,000 tonnes of cast aluminium. Processed Aluminium has a processing capacity of 90,000 tonnes of processed aluminium products, depending on the production mix. The company aims to increase capacity up to 120,000 tonnes by...
