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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Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Saturday, 14 November 2020, the prices of some aluminium ingots are in the range of INR 162,500-175,500 per tonne, up by INR 1,500 per tonne from INR 161,000-174,000 per tonne on November 13. The company’s billet price came in at INR 170,500 per tonne on November 14, an increase of INR 1,500 per tonne from INR 169,000 per tonne on November 13. 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 nearly 6% 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 at...
Grupa Kęty S. A. has joined the Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 142. “We are aware that we impact the environment in a direct and indirect way. Therefore, we operate such as to reduce that influence to the minimum. We assume full liability for the operation in environmental issues, and due to these reasons we have tried to present them in the most reliable and transparent manner. We hope ASI standards help us to demonstrate the environmental dimension of our business,” said Maciej Budziński – Quality & Environmental Manager. The company, which has strong position in the European aluminium manufacturing sector, produces aluminium profiles and components. Grupa Kęty’s manufacturing capacity of...
NanoAL, LLC has announced the launch of Addalloy 5T Aluminium Alloy Powder for additive manufacturing. The high-performance Aluminium-Magnesium-based alloy is developed via laser powder bed fusion. “I’m excited to see Addalloy powder product commercialized, enabling engineers and designers to fully leverage the technology advancement of 3D-printing and attractive characteristics of high-performance aluminum alloys,” said Dr. Nhon Vo, CEO of NanoAL LLC. The alloys powder is 100% pre-alloyed that removes secondary powder treatments or blends and simplifies useability. With the help of this alloy, 3D Printing speeds can meet or exceed the productivity of the incumbent aluminium alloys in the market today. Addalloy 5T powder is best suited for EOS, Renishaw, Concept Laser and many others....
The cabinet of ministers’ of the island nation in South Asia, Sri Lanka has decided to ban the export of metals scrap, which includes aluminium in a proposal to save them for domestic production. However, some scrap metal could be exported under a recommendation of the Industrial Development Board and ‘other related agencies’ the state information office said. The critics have commented: “Increasing regulations and licensing generally paves the way for corruption in the licensing authorities.” The export ban is being made to encourage domestic production of industries that use the scrap as raw material, the cabinet said. The export ban is executed to weaken the prices of scrap metal to below world market levels and deny the real price to collectors and give an effective subsidy to...
The economy Angola is built on oil, with large reserves of natural gas and oil, making up over one-third of its GDP. The country has experienced one of the fastest-growing economies in the world and becomes one of the richest African countries. However, according to the latest forecast of the Economist Intelligence Unit (EIU), the Angolan economy is expected to contract by 4.1% in 2020, which compares with a previous projection of -2.6%, as a result of the fall in oil prices and the effects of the Covid-19 pandemic. The Southern African nation’s import of aluminium can during 2018-19 was recorded at 2923 tonnes and the foreign revenue expended for the import during the phase stood at $217.14 million. The aluminium cans import for 2020 is marked to reach at 804 tonnes, which will come up...
SMM aluminium ingot price has started the week higher. The price stands at RMB 15670 per tonne on Monday, 16 November 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 15650-15690 per tonne. In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 40 per tonne to stand at RMB 15670 per tonne and RMB 15680 per tonne. Their average prices are expected to range within RMB 15,650-15,690 per tonne and RMB 15,670-15,690 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15680 per tonne and RMB 15590 per tonne, up RMB 120 per tonne and RMB 20 per tonne. Aluminium ingot prices in Tianjin and Linyi have increased to stand at RMB 15610 per tonne and RMB 15620 per tonne, up RMB 30 per tonne and RMB 10 per tonne. Aluminium Alloy (A356)...
Three-month LME aluminium rose 0.36% to close at US$1,934.5 per tonne on Friday, with open interest rising to 750,000 lots. SMM expects the contract to trade between US$1,910-1,950 per tonne today. As of Friday November 13, LME aluminium cash (bid) price stands at US$ 1918 per tonne, LME official settlement price stands at US$ 1918 per tonne; 3-months bid price stands at US$ 1934.50 per tonne, 3-months offer price is US$ 1934.50 per tonne; Dec 21 bid price stands at US$ 1971.50per tonne, and Dec 21 offer price stands at US$ 1971.50 per tonne. The LME aluminium opening stock stood at 1414675 tonnes. Live Warrants totalled 1252525 tonnes, and Cancelled Warrants were 162150 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1938.04 per tonne. SHFE Aluminium Price Trend...
The virtual ICSOBA 2020 conference commences on Monday, 16 th November’20, UTC 5:00. There is then not much time left to register at https://www.conftool.net/ icsoba2020 , if you don’t want to miss out the latest technology development in the field of aluminium production, from mine to metal! The conference program has been designed to maximize time zone coverage allowing delegates access from New Zealand to America to maximize the exchange of ideas and expertise in line with our vision: “the technology conference of the aluminium industry, for the aluminium industry”. The conference virtual platform has already opened. More than 250 registered delegates already received their login password allowing them to test navigation within the conference centre, visit our exhibitor’s booths and...
The Indian state-owned National Aluminium Company Limited (NALCO), posted its Q2 earnings which thumped evaluation on all parameters and the Navratna group ‘A’ CPSE company’s aluminium EBIT has well performed this quarter. Sridhar Patra, Chairman and MD of NALCO, while commenting on the company’s Q2 results said: “Q3 will continue to be good for aluminium business. The company will also have a profit.” “Till H1 results the company is EBITDA positive. Manpower deployment due to COVID-19 has forced the company to scale down the production. However, company management is confident that the situation is normalising. We are hopeful, we are operating above 100% of our capacity,” he added. “The company has received all the statutory clearances for Utkal D coal mine. We are quite hopeful that the...
The Japanese multinational automobile manufacturer, Nissan is coming up with its third generation crossover Nissan Qashqai in spring 2021, superseding the extremely popular second generation which has sold more than a million units since it commenced in 2014. The model is still undergoing testing; however, Nissan has released some premature details. Nissan Qashqai 2021 is garrisoned on the new CMF-C platform and will only be 35 mm longer than the outgoing version and boot space will additionally benefit from the earlier. The doors, front wings and bonnet will now be built from aluminium too, so the body will be 60 kg lighter and 41% stiffer than before. There will be two powertrain options, with the first a relatively simple 1.3-litre petrol engine paired with a mild-hybrid system and it...
Aluworks Limited, an aluminium continuous casting and cold rolling mill located at the port city of Tema, Ghana is seeking $40 million to revamp its operations to stand strongly against the dumping of cheap Chinese aluminium products on the Ghanaian market. The aluminium plant with a capacity of 30,000 tonnes has struggled over the years particularly due to cheap import and low patronage. Kwasi Okoh, Managing Director, Aluworks Ltd., said: “The dumping of aluminium coils and others had resulted in a progressive loss of their market share over a long period.” “A specific example is that we produced and sold over 15,800 tonnes of aluminium flat-rolled products in 2006 but only about 3,800 tonnes were produced and sold in 2018, showing a market share loss of 75%.” He added: “Aluworks was...
Hydro announced that its official sponsorship of the 38th edition of ICSOBA. The event, one of the largest Bauxite & Alumina trade events in the world, will take place online from November 16 to 18. The public can visit exhibition stands, download technical material, access virtual meeting rooms, all to the integration among researchers, engineers, suppliers, manufacturers, and students. ICSOBA 2020 (The International Committee for Study of Bauxite, Alumina & Aluminium) will address developments in health, environment and safety fields, as well as research focused on production and cost improvements. The trade show also discuss the impacts of the COVID-19 pandemic and the global perspectives of the bauxite, alumina, and aluminium industries. "The event is a recognized space for...
The aluminium factory in Duffel is under the drive of the new owner Alvance for a major investment program, perhaps even 300 million euros. Alvance Aluminium Duffel said: "Tesla is building a car factory in Germany, and it wants our aluminium." Geert Vannuffelen, Vice President Operations, Alvance Aluminium Duffel, said: “Large blocks of aluminium are waiting at the factory in Duffel to be rolled into plates and coils. Half of that aluminium ends up in cars. Think of the bonnet, trunk lids and doors.” “Duffel's aluminium is also used in heating pipes, truck fuel tanks, travel cases and buildings. The Ferrari World indoor amusement park in Abu Dhabi is an example. That has a red roof of about 80 football fields with our aluminium and the Ferrari logo, which in itself is a big football...
We are happy to announce the launch of “AlCircleBiz” - the first-of-a-kind global online B2B marketplace platform for the entire aluminium value chain. The official launch took place on November 14, 2020, in the presence of AlCircleBiz Team. AlCircleBiz is a unique initiative to connect millions of buyers and sellers across the aluminium eco-system. It’s the online ecommerce platform of the AlCircle Group that has been providing news about the industry & facilitating global trade opportunities for the past 10 years. With the mission of practising absolute transparency, AlCircleBiz is all set to connect buyers and sellers through enquiries against listed products and business leads. It aims to build strong supply chain, minimise dependency on intermediaries, and deliver desired value to...
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, published its consolidated financial results for the nine months ended 30 September 2020. The Group's sales were RON 1,942 million in nine months, down 10% due to market conditions and to the crisis caused by the COVID-19 pandemic. Net profit stood at RON 273 million in Q1-Q3 2020 from a loss of RON 23 million last year. The operating result (EBIT) increased to RON 355 million in due “to the implementation by the Romanian authorities of the EU-ETS compensation scheme based on the EU decision and receiving the subsidy in the form of a compensation for indirect emissions costs incurred by the Group as an energy-intensive consumer in 2019.” “In Q3 we managed to ensure the continuity...
National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium product, although lesser than the previous week, with effect from Friday, November 13. Compared with the hike of INR 4,500 per tonne on November 4, NALCO has raised its aluminium ingot price on November 13 by INR 1,400 per tonne or nearly 1 per cent from INR 162,650-166,150 per tonne to INR 164,050-167,550 per tonne. With the latest hike, NALCO’s aluminium billets price has come in at INR 167,500-170,150 per tonne, also up by INR 1,400 per tonne from INR 166100- 168750 per tonne. NALCO is selling its aluminium wire rod at INR 167550-171900 per tonne at the present as against 166150-170500 per tonne on November 4. NALCO links its aluminium ingot and aluminium product prices to...
The alumina production in Iran has recorded with a 4% rise during the first seven months of the current Iranian calendar year (March 20-October 21), compared to the same phase of time in the previous year. Iran Alumina Company in the north-eastern province of North Khosaran is the only alumina refinery of the country. During the first seven months, the refinery produced 139,307 tonnes of alumina. Concurrently, the monthly alumina production in the seventh month of this year reached 17,616 tonnes, which illustrates a rise of 6% from the figure for the same month in the previous year. The geological exploration studies performed in Jajarm bauxite mines, located 10 kilometres to the northeast of Jajarm, in North Khorasan Province, indicate that the quantity and quality of Jajarm bauxite are...
Hydro's Bauxite & Alumina business has won the TMS Light Metals Award 2020, promoted by The Minerals, Metals & Materials Society. This is first time a Brazilian project received the TMS Light Metals Award, one of the most important awards in the metals sector for innovation projects on a global level. "This international recognition of our work demonstrates that we are on the right track to make Alunorte a global reference for bauxite residue re-use, consolidating a leading position in the industry. The results of this research will allow the development of alternative products. This will reduce the use of non-renewable conventional raw materials, resulting in the reduction of the company's environmental footprint, as well as promoting an increase in the useful life of the solid waste...
