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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Alteo alumina refinery, the producer of world-class speciality alumina is still in the run, as two houses are standing deadlock towards presenting their plan at the Marseille Commercial Court on November 17 to take over the plant. The refinery based in Gardanne in the Bouches-du-Rhône has been in receivership since demand collapsed last year. Eight offers were placed on the judges' desk this summer, while six withdrew, failing to convince the unions. The last two were presented to employees on 13 th November during an extraordinary social and economic committee gathering. The first comes from the logistics group United Mining Supply (UMS) based in Guinea. This family business knows the sector very well, as it holds a 30% stake in SMB, the world's largest bauxite mine, the raw material for...
Karnataka state chief secretary T M Vijay Bhaskar has directed Dakshina Kannada district administration and the mines and geology department to look into the complaint on illegal transportation of red bauxite from the district. The complaint was filed by former minister B Ramanath Rai, following which the chief secretary asked the district administration and the mines and geology department officials on Thursday, November 12, to take the necessary action as per the rule. Mr Rai reported the red soil available in Kairangala, Pajeeru, Ira, Kurnadu and Balepuni villages of Bantwal taluk has aluminium content, which is known as red bauxite. He said, “There is a huge demand for red bauxite since it is being procured by cement companies. Hence, red bauxite is being transported from villages of...
National Aluminium Company Limited (NALCO) has expanded its aluminium ingot and aluminium product prices for the sixth time in a row with effect from Tuesday, November 17. Compared with the hike of INR 1,400 per tonne on November 13, NALCO has increased its aluminium ingot price by INR 3,000 per tonne or 1.83 per cent today. Hence, the company is now selling its aluminium ingot at INR 167,050 – 170,550 per tonne as against INR 164,050-167,550 per tonne on November 13. NALCO has also increased the price of its aluminium wire rod price by INR 3,000 per tonne from INR 167,550 – 171,900 per tonne on November 13 to INR 170,550 – 174,900 per tonne on November 17. With the last hike, NALCO’s aluminium billet price has come in at INR 170,500 – 173,150 per tonne today, as against INR...
The International Aluminium Institute (IAI) has announced the launch of a roadmap to maximise the use of bauxite residue in cement and concrete products. The roadmap includes information that addresses concerns, prejudices, technical and legislative barriers to bauxite residue use. Katy Tsesmelis Director – Refining & Safety at the IAI said: “Global metallurgical alumina production is forecasted to increase from 124 million tonnes in 2019 to 178 million tonnes by 2040. As alumina production increases so too will the production of bauxite residue (BR), which is generated by the extraction of alumina from bauxite during the Bayer process. As an industry, we are committed to finding solutions to minimise the social, environmental and economic impacts of bauxite residue.” The six key pathways...
Almin Metal Industries limited, a Zimbabwean company founded in 1969 and a leader in the business of manufacturing and marketing of aluminium profiles for architecture, irrigation and general engineering purposes, has been glorified by the Industry and Commerce ministry for raising Zimbabwe's flag in the Southern African Development Community (SADC) region. While speaking at the opening of Almin's new branch in Graniteside, Harare, an Industry and Commerce ministry official, Netai Loice Magade, who was representing Minister Sekai Nzenza, singled out the country's leading manufacturer of aluminium profiles for registering growth despite the prevailing economic challenges. "It gives us great joy to note that because of Almin, Zimbabwe is one of only two countries in SADC with the extruded...
Alvance Aluminium, a subsidiary of industrial tycoon Sanjeev Gupta’s GFG Alliance, declared that it would invest £94 million in expanding its Fort William operations by building new facilities for aluminium casting and recycling. This project is expected to secure Fort William’s future as a ‘Green Aluminium’ hub, doubling the aluminium production in Lochaber to 80,000 tonnes per annum from just over 40,000 tonnes at present. The new project will deploy 70 new employees and safeguard the jobs of 200 existing personnel. According to a report, Alvance is all set to lodge a planning application with Highland Council for the project. The new casting facility will produce billets or long-rounded shapes that can be moulded into different products for use in the domestic sector. The proposal for...
Hindalco Industries Limited has further increased the prices of its aluminium ingot and aluminium products, with effect from Saturday November 14. This marks the fifth consecutive time since October 31, 2020, that Hindalco has been increasing its aluminium prices. On November 14, the company expanded its aluminium ingot price by INR 1,750 per tonne to sell the product at INR 165,500 per tonne. The company’s aluminium wire rod has also been increased by INR 1,750 per tonne from INR 174,850 per tonne to INR 176,600 per tonne, as of November 14. With this latest hike, the price of Hindalco’s aluminium billets has come in at INR 172,600 per tonne compared with INR 170,850 pert tonnes on November 13. Hindalco links the prices of its aluminium ingot and aluminium products to the three-month...
Luxembourg, the wealthiest country in the European Union with high per capita and its citizens enjoy a high standard of living. According to Trading Economics global macro models and analysts’ expectations, Luxembourg’s GDP is expected to reach $67 billion by the end of 2020. However, in the long-term, the Luxembourg GDP is projected to trend around $68.50 billion in 2021 and $71.50 billion in 2022, according to econometric models. The small European nation’s export of aluminium foil during 2018-19 was recorded at 60,505 tonnes and the earnings generated accounted to $165.38 million. The aluminium foil export for 2020 has been expected to reach 43,144 tonnes and the earnings to stand at $143.65 million. When the export and earnings for 2020 gets counted with the previous two years, it...
In October 2020, operating rates of China’s secondary aluminium industry declined 2.1 per cent month-on-month to stand at 57.5 per cent, found the Shanghai Metals Market. On a year-on-year calculation, the operating rates dropped by 3 per cent, marking a greater fall compared with last year’s October. The plunge of secondary aluminium industry’s operating rates was sharper than expected due to lower productivity at producers and downstream pre-scheduled orders in the National Day Holidays. Moreover, with the news of import liberalization of scrap aluminium at the end of October, downstream wait-and-see sentiment increased significantly, further reducing the new orders for secondary aluminium plants. In September 2020, China’s secondary aluminium producers’ operating rates stood at 59.6...
Hydro’s aluminium building systems site in Landen has been certifies against the Aluminium Stewardship Initiative’s Performance Standard. The certification covers the the site’s aluminium conversion operations. Hydro serves as the logistics and administrative center for the company’s aluminium building systems organization in the Benelux region. Hydro’s other site in Belgium that received ASI certification are Ghlin, Lichtervelde and Raeren. “Everyone here contributed to this successful outcome. It is a joint achievement that brings us forward in our sustainability agenda, and it supports our customer demands for aluminium products that are sourced and produced responsibly,” said Mieke Vander Plaetse, supply chain manager for Hydro in Landen. More than 4,000 aluminium profile picking...
Ultromex, supplier of vital technologies to the aluminium smelting industry in dealing with its production wastes has signed a major deal with Rio Tinto to remediate a salt slag landfill site in Europe. Ultromex introduces SALTROMEX, a patented plant & technology enabling aluminium smelters to treat and recycle their salt slag wastes. The UK based technology firm Ultromex, together with its partner EJM Hydrovac, will excavate process and re-instate the site in France during the next three years. This multi-million Euro contract will treat 65,000 tonnes of salt slag waste. Salt slag, also referred to as salt cake or black dross is a waste material generated by secondary aluminium processing (the recycling and smelting of new aluminium from aluminium scrap, dross and other industry wastes)....
Hydro announced that it has been included in the Dow Jones Sustainability World Index. The company is the only aluminium company on the list for 2020. This is the 22nd year in a row that that Hydro is included in the DJSI series. “I am very pleased to see that Hydro’s effort to act on our values and targets throughout the organization is valued by DJSI," said Kirsten Margrethe Hovi, Head of Extra-Financial Reporting in Hydro. Hydro’s total score on 2020’s ranking is 69%, up from 63% in 2019 and 67% in 2018. “The DJSI ranking is an important benchmark tool for us, where we are assessed and measured against other companies. We get confirmation if we are on the right track and it makes areas where we can improve visible to us,” Hovi said.
After hiking for the seven consecutive days, A00 aluminium ingot price has trended down by RMB 80 on Tuesday, November 17, to stand at RMB 15,590 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot contract to be traded at a premium price of RMB 160-200 per tonne, up by RMB 180 per tonne. In Gongyi, A00 aluminium ingot price has slumped by RMB 90 per tonne to come in at RMB 15,450 per tonne, followed by the downfall of RMB 80 per tonne in Foshan and Wuxi to peg at RMB 15,590 per tonne and RMB 15,600 per tonne, respectively. In Chongqing, primary aluminium price has declined by RMB 70 per tonne to RMB 15,520 per tonne, while that in Shenyang and Hangzhou has dwindled by RMB 65 per tonne and...
The Aluminum Association applauded USITC’s decision unanimous preliminary determination that certain aluminium foil imports from Armenia, Brazil, Oman, Russia, and Turkey are causing injury to U.S. producers. The U.S. Department of Commerce will now continue to conduct antidumping and countervailing duty investigations on aluminium foil imports. The Commerce Department’s preliminary countervailing duty into imports from Oman and Turkey are currently due to be completed on December 23, 2020. The Commerce’s preliminary antidumping duty from all five countries is currently due to be completed on March 8, 2021. “The Aluminum Association and its members are encouraged by today’s unanimous preliminary finding,” said Tom Dobbins, President & CEO of the Aluminum Association. “After successfully...
Three-month LME aluminium rose 0.96% to close at US$1,953 per tonne on Monday, with open interest rising to 750,000 lots. SMM expects the contract to trade between US$1,930-1,980 per tonne today. As of Monday November 16, LME aluminium cash (bid) price stands at US$ 1933 per tonne, LME official settlement price stands at US$ 1933 per tonne; 3-months bid price stands at US$ 1946.50 per tonne, 3-months offer price is US$ 1946.50per tonne; Dec 21 bid price stands at US$ 1978.50 per tonne, and Dec 21 offer price stands at US$ 1978.50 per tonne. The LME aluminium opening stock stood at 1413775 tonnes. Live Warrants totalled 1256925 tonnes, and Cancelled Warrants were 156850 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1941.77per tonne. SHFE Aluminium Price Trend...
Iran's production of aluminium ingots stood at 247,335 tonnes during the first seven months of the current Iranian calendar year (20 March-21 October). That was up 69 per cent compared with the same period last year. Aluminium ingot output rose by 56 per cent in the seventh month of this year. The production came in at 35,556 tonnes. Production of the aluminium ingot in Iran is likely to grow by 63 per cent by the end of the current Iranian calendar year (March 20, 2021). Iran has an estimated aluminium nameplate capacity of 457,000 tonnes per year. The country now aims at increasing its annual aluminium output to more than 800,000 tonnes by March 2022 and to 1.5 million tonnes by 2025.
The largest industrial company in the United Arab Emirates outside oil and gas, Emirates Global Aluminium (EGA) has signed an agreement with NEO Aluminio Colombia that could lead to the export of EGA’s UAE-developed state-of-the-art technology for the development of the first aluminium production facility in Colombia. Presently NEO Aluminio Colombia is evaluating the viability of building a low carbon aluminium production plant, the Green Aluminium Transformation Complex for Colombia (GALTCO), in the northwest of the country. The project, powered with hydroelectricity and intended to reach a capacity of 540,000 tonnes of aluminium per year, would be the heart of a new industrial cluster creating jobs and economic opportunity. The agreement anticipates EGA licensing its UAE-developed...
The aluminium smelter plant of National Aluminium Company (NALCO) in Angul has been charged for polluting the local Nandira watercourse in the area. The residents alleged that the leaked residue from the PSU Navaratna Company’s ash pond has been polluting the watercourse and eventually adjoining up to the pollution of Brahmani River. A resident, said: “This is a recurring problem here and a result of NALCO’s shoddy decisions. We are facing a grave health hazard here. Even our cattle are getting diseases after drinking water from this watercourse.” “The NALCO authorities never seem to buzz to our repeated requests for the successful completion of the slurry project that aims to reduce the ash leakage problem forever,” he added. While another local alleged: “Fishermen dependent on the...
