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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The high-quality luggage maker Rimowa, with 122 years of legacy behind has a decorated history of perfecting every detail on their suitcases. This ranges from the brand’s signature grooved aluminium exteriors, a homage to the world’s first all-metal aircraft — to the 360-degree spinner wheels that have made many a marathon to their boarding gate an impeccably smooth affair. Now that travel has come to a standstill, the German brand wants to keep a vastly different type of valuables safe: The most prized wristwatches. The Rimowa Watch Case was manufactured as a travel accessory, but the brand’s distinctive retro-futuristic aesthetic makes this one just as worthy of a spot on a mantle, dresser, or bedside table as it is within its famous Classic Cabin. Float the sleek aluminium cylindrical...
Malta's economy is dependent on foreign trade, manufacturing, and tourism. The economy is severely affected by the COVID-19 pandemic this year. GDP is expected to contract by around 5¾% but should rebound by 6.0% in 2021. A fall in domestic demand is expected to drag imports down at a slower pace than exports in 2020 before imports growth outpaces exports' in 2021. The former British colony in the Central Mediterranean region nation’s import of aluminium bar rods and profiles during 2018-19 remained at 3118 tonnes and the expenditure accounted for the import stood at $8.90 million. The import for 2020 is framed to be at around 1862 tonnes with expenditures to stand at $4.42 million. However, when the import and expenditure for 2020 get assorted with the existing two years, it stands at...
South Korean carmaker Hyundai Motor India Limited (HMIL) is reportedly planning to launch a mass electric vehicle in the Indian market to further strengthen its product line and also its position as a smart mobility provider, said a top executive to ETAuto in an exclusive interaction. Seon Seob Kim, MD & CEO, Hyundai Motor India, said: “Currently EV segment is kind of a nice segment. So, we don’t see any deep pulling demand in that area. However, if more mass-market products are introduced in the segment it will surely gain traction. So we are preparing and developing a mass-market electric vehicle for India.” Kim emphasised that the research and development team of Hyundai India has already started working on the most suitable body types of electric vehicles for the Indian market,...
Nespresso and the UNSW Smart Centre have found new ways to use polymer-laminated aluminium packaging (PLAP) materials. They have discovered a new way to use PLAP materials in steel making. The new idea comes with more widespread applications impacting Australia’s aluminum recycling and smelting sectors. Hub and Smart Centre director, Professor Veena Sahajwalla, said, “For the first time, we have demonstrated that using waste food packaging containing aluminium, such as chip packets and spent coffee capsules, can become a useful resource in the steelmaking process,” she said. “Our multi-material waste containing aluminium could be useful in steel making. This type of quality waste material, not subject to conventional recycling, could be transformed into a resource, suitable for the...
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne or 1 per cent from INR 167,000-174,500 per tonne to INR 168,500-176,000 per tonne. Aluminium billets price has been increased by INR 1500 per tonne as well from INR 167,500 per tonne on November 4 to INR 169,000 per tonne on November 13. With the latest hike, Vedanta’s aluminium ingot price has come in at INR 161,000-174,000 per tonne as compared with INR 159,500-172,500 per tonne last week, November 4. Vedanta links its aluminium ingot and aluminium product prices to the three-month futures of...
The downstream segment of the Indian Aluminium industry positions itself to support the Govt. of Indian’s campaign for Self-reliant India, said by Pragun Jindal Khaitan, Managing Director and Vice-Chairman of Jindal Aluminium. Jindal also stated that it comes from the vision of being a country that is independent and self-reliant when it comes to manufacturing aluminium products to meet its aluminium material requirements. “The right focus on reducing our heavy dependency on imports, well-thought government vision and industry strength, can together write the story of ‘self-reliance’ in aluminium for India”, commented by Pragun Jindal. India’s per capita consumption of Aluminium remains at only 2.5 kg, which is crucially lower than the global average consumption of 11 kg. Now with a...
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium products after more than a week, with effect from Friday, November 13. The company's aluminium ingot price is now standing at INR 163,750 per tonne, registering a hike of INR 2,000 per tonne or 1.24 per cent from INR 161,750 per tonne last week, November 4. The marks an increase for the fourth time in a row, however, lower than the previous week compared with INR 4,750 per tonne. Hindalco has raised its aluminium wire rod price by INR 2,000 per tonne as well from INR 172,850 per tonne on November 4 to INR 174,850 per tonne on November 13. With the latest hike, the company’s aluminium billets price pegged at INR 170,850 per tonne versus INR 168,850 per tonne last week. Hindalco links the prices of its...
RHB Research expects Press Metal Aluminium Holdings Bhd to deliver a year-over-year growth in core earnings in the second half of 2020 on higher aluminium prices. Average aluminium prices of averaging US$1,930 per tonne on the London Metal Exchange to fuel the company’s earnings prospects. "We believe the metal’s price trend is likely to sustain, as we see more headroom for global downstream demand to recover to pre-pandemic levels," RHB analyst Lester Siew said. "We anticipate sequential core earnings improvement in 2HFY20 (3QFY20F: RM110 million-130 million) in tandem with higher aluminium prices as well as recovery in LME physical premiums and value-added products mix. Subsequently, FY21F is set to mark the transition from recovery to a new growth phase, underpinned by Samalaju’s Phase...
Norsk Hydro will distribute a dividend of NOK 2.6 billion for the 2019 financial year. This corresponds to a dividend of NOK 1.25 per share. The decision to pay dividends is based on the improved financial situation and outlook for the company. In April, the company suspended the payment of dividends because of the outbreak of the Covid-19 pandemic. “… the outbreak of the Covid-19 pandemic introduced significant uncertainty regarding the financial outlook for the company. The Board was therefore granted an authority at the Annual General Meeting held on 11 May 2020 to resolve distribution of dividends at a later stage at the Board’s discretion. The authority was restricted to a maximum dividend payment of NOK 1.25 per share,” Hydro said. Shareholders registered on 16 November 2020 will be...
LME complex rose for the most part on Friday morning. Aluminium added 0.55%. Benchmark aluminium price on London Metal Exchange dropped 0.03 per cent to US$ 1904.5 per tonne on Thursday, November 12, from US$ 1905 per tonne on Wednesday. As of Thursday November 12, LME aluminium cash (bid) price stands at US$ 1904.50 per tonne, LME official settlement price stands at US$ 1904.50 per tonne; 3-months bid price stands at US$ 1922.50 per tonne, 3-months offer price is US$ 1922.50 per tonne; Dec 21 bid price stands at US$ 1962.50 per tonne, and Dec 21 offer price stands at US$ 1962.50per tonne. The LME aluminium opening stock stood at 1420100 tonnes. Live Warrants totalled 1252525 tonnes, and Cancelled Warrants were 167575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the week on Friday, November 13, at RMB 15,630 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,610 per tonne and RMB 15,650 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne, up by RMB 10 per tonne from the previous day. Chongqing has seen the highest growth in primary aluminium ingot price today of RMB 165 per tonne to come in at RMB 15,570 per tonne, followed by the surge of RMB 160 per tonne in Wuxi and Hangzhou...
RUSAL has won the InnoESG Prize 2020 for improving the world through its sustainability initiatives. The company has received the award for the second time in a row. Oleg Mukhamedshin, RUSAL’s Director for Strategy, Business Development and Financial Market, said: “This award highlights the importance of our sustainable business model and the Company’s commitments to social engagement and philanthropy, all of which continue to play an integral part in RUSAL’s corporate strategy. For over 20 years, our ambitions both to improve the quality of life for local people in the regions in which we operate, and protect the environment, have been at the heart of RUSAL’s business plan and now as we look to the future these goals remain steadfast.” InnoESG Prize is designed to recognise companies...
Manaksia Aluminium Company, a producer of aluminium rolled products in coil and sheet form, has released its results for the quarter ended September 2020. Net profit stood at INR 0.78 crore in the September quarter as against INR 1.29 crore during the previous quarter ended September 2019. This marks a drop of 39.53% year-on-year. Sales declined 1.24% to INR 66.16 crore in the quarter ended September 2020. Manaksia Aluminium Company had reported sales of INR 66.99 crore during the previous quarter ended. The company’s major products include aluminium coils, aluminium plain sheets, aluminium roofing sheets, aluminium pre-painted/color coated coils, aluminium flooring sheets (5 Bar & Diamond pattern) etc. Manaksia has an annual production capacity of 30,000 tonnes per year. It has one of...
Rio Tinto shows distress about the extent of the second wave of the pandemic in Saguenay-Lac-Saint-Jean and its impacts on its factories, while the “sudden” upturn in demand since this summer is forcing it currently refusing orders. Fredéric Campagna, General Manager of global commercial operations of Rio Tinto's Aluminium division, did not hide the company's concern on 11 th November’20 at the situation in Saguenay-Lac-Saint-Jean, during a sectorial talk on aluminium organized by the Relançons Montréal movement. The region, which recorded a fresh new 198 cases of COVID-19 on 11 th November, has the highest rate of active cases per 100,000 inhabitants among the regions of Quebec, at more than 370. He said: “We are currently seeing many more cases in Saguenay in our factories in Quebec...
King River Resources Ltd, an Australian mining company has successfully trialled its new high purity alumina (HPA) process route using alternative aluminium chemical feedstocks. Metallurgical test work is currently underway on both this new precursor and the Speewah precursor to delivering a 4N HPA product at 99.99% pure alumina. 4N HPA is used in a wide range of emerging technologies from mobile phones and LED lighting to lithium-ion batteries. The major outcome from King River’s state-of-art test work is that the “KRR processing route” can be used on a variety of feedstocks which will permit a processing facility to establish and operate as a stand-alone facility apart from the proposed mining operation at Speewah. King River is presently examining at the feasibility of constructing a...
Research by the UNSW Sustainable Materials Research and Technology (SMaRT) Centre in Sydney has discovered a new sustainable way of recycling that could initiate a new ‘green aluminium manufacturing revolution’ and help the government and aluminium industry to advance Australian manufacturing, increasing sustainability, and creating jobs. The new way of recycling includes an innovative technique based on the microrecycling science to recover aluminium from complex, multi-layered packaging, especially polymer-laminated aluminium packaging (PLAP) materials, which include post-consumer food and coffee packaging. Pioneered by the SMaRT Centre under the leadership of its Director and Professor Veena Sahajwalla, the new technique called ‘Thermal Disengagement Technology’ is specially designed...
Further increase in demand among downstream producers and limited arrivals of stocks to warehouses have led to a loss of 25,000 tonnes in social primary aluminium inventories this week ending on Thursday, November 12, found the Shanghai Metals Market. SMM data shows the stocks have declined across eight major consumption areas in China, including SHFE warrants, to stand at 629,000 tonnes, as against 654,000 tonnes last week , on November 5. The decline in primary aluminium inventories has, however, reduced week-on-week as the stock last week fell by 34,000 tonnes, learned SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: The inventories in Nanhai have reduced by 17,000 tonnes to stand at 184,000 tonnes, while that in Wuxi and...
The economy of Paraguay is a market-based economy that is heavily dependent on agriculture products. The COVID-19 pandemic hit Paraguay just as the country was embarking on a strong recovery path after growth had stalled in 2019. The global recession is likely to lead to a GDP decline of 1.2% in 2020. Thereafter, growth is expected to return to 4%, as the world economy recovers. The Latin American nation’s import of aluminium foil during 2018-19 was recorded at 5182 tonnes and the expenditure accounted for the import during the phase remained at $25.28 million. The import for 2020 is expected to be at 2078 tonnes and the expenditure to stand at $13.08 million. However, when the import volume and expenditure for 2020 gets summed with the existing two years, it denotes 7260 tonnes and...
