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 wait is going to be over on November 14. AlCircleBiz is all set to launch the first global online B2B marketplace platform for the entire aluminium value chain. AlCircleBiz will connect millions of buyers and sellers across the aluminium eco-system. It’s the online e-commerce platform of the AlCircle Group that has been providing news about the industry & facilitating global trade opportunities for the past 10 years. The primary feature of the online platform is to connect buyers and sellers through enquiries against listed products and business leads. AlCircleBiz is driven by the mission to build strong supply chains through enhanced transparency and narrowing reliance on intermediaries across the aluminium supply chain and delivering desired value to our stakeholders. When sellers...
Recently, a study by the Council on Energy, Environment and Water (CEEW) reveals that India can save up to INR 1 lakh crore ($14 billion) annually on crude oil imports if it indulges in electric vehicles and allow to garner 30 per cent share of the country’s new vehicle sales by 2030. The increase in electric vehicles penetration can also boost the combined market size of powertrain, battery and public chargers to more than INR 2 lakh crore ($28 billion) in India, while creating 1,20,000 new jobs. The CEEW study, supported by the Shakti Sustainable Energy Foundation, also shows that 30 per cent penetration of electric vehicles into the automobile market can also lead to several environmental benefits, such as a 17 per cent decrease each in nitrogen oxide and dioxide emissions, 18 per cent...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined 6,700 tonnes from previous week to stand at 87,900 tonne as of Thursday, 12 November 2020. Stocks in Foshan dropped sharply this week The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories in Foshan registered a drop of 4,600 tonnes from last week. The inventories stood at 30,400 tonnes on Thursday, 12 November 2020, from 35,000 tonnes on November 5. Stocks in Changzhou and Huzhou decreased by 1,860 tonnes and 1,000 tonnes to stand at 9,850 tonnes and 14,000 tonnes on Thursday, 12 November 2020. But the inventories of aluminium billets rose in Wuxi and Nanchang today. The stood at 19,810 tonnes and 13,800...
SMM aluminium ingot price has increased for the fifth time in a row. The price stands at RMB 15490 per tonne on Thursday, 12 November 2020, representing an increase of RMB 140 per tonne. The price is expected to range at RMB 15470-15510 per tonne. In Foshan and Wuxi, the price has risen by RMB 160 per tonne and RMB 120 per tonne to stand at RMB 15510 per tonne and RMB 15480 per tonne. Their average prices are expected to range within RMB 15,490-15,530 per tonne and RMB 15,470-15,490 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15480 per tonne and RMB 15405 per tonne, registering a growth of RMB 120 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, and Linyi have increased to stand at RMB 15455 per tonne, RMB 15430 per tonne, and RMB 15460 per tonne, up RMB...
The outrigger mat and lifting gear division of UK’s Crowland Cranes, TMC Lifting Supplies rolls-out the Mod Lite aluminium outrigger support mats. The drive comes following the launch of TMC’s Power-Pad HD Lite mats in July. TMC Lifting Supplies is known for supplying all types of outrigger pads. Manufactured from the same high-grade aluminium as the HD Lite pads, each Mod Lite mat weighs 35kg and is 1.25 metres long by 400mm wide. They have a depth of 100mm with a 30mm base layer of Etha foam ground protection to provide a load rating of 75 tonnes. Three Power-Pad Mod Lite units provide a 1.5 square metre contact area while four mats provide two square metres. They can also be stacked, providing greater rigidity on softer, uneven ground conditions.
On Wednesday, November 11, the International Aluminium Institute (IAI) published a set of guidelines on Fatigue Risk Management for the aluminium industry, aiming to help IAI member companies and other aluminium industry stakeholders to manage fatigue in the workplace with a systematic approach. Commenting on the Guidelines, IAI Deputy Secretary General Chris Bayliss said: “There is overwhelming evidence that fatigue, a consequence of lack of sleep, negatively impacts both the health and the safety of workers. It is therefore important that fatigue is identified as a health and safety risk and management system are put in place to control that risk. This is particularly relevant as the industry adapts its working practices to manage Covid and other disease transmission risks.” The...
Arconic Corporation reported revenue of $1.4 billion in third quarter 2020, marking 19% growth quarter-on-quarter due to strength in automotive end-market volumes. But revenue dropped by 22% year over year due to the impact of the pandemic. Net income stood at $5 million in third quarter 2020 compared with a net loss of $24 million in third quarter 2019. Tim Myers, Chief Executive Officer, commented, “This quarter demonstrated the positive impact our strategic and financial actions made in response to ongoing macro challenges. Our continued execution on cash conservation and productivity measures instituted earlier in the year combined with recovery in North American automotive production resulted in the large sequential increase in Adjusted EBITDA and operating cash flow compared to the...
Three-month LME aluminium rose 0.31 per cent to close at US$ 1,917 per tonne on Wednesday, November 11, with open interest rising to 749,000 lots. It is expected to trade between US$ 1,890-1,940 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price recorded a surge on Wednesday, November 11, from US$ 1880 per tonne to US$ 1905 per tonne following a downfall on the previous day. 3-months bid price and 3-months offer price stood at US$ 1923.50 per tonne, growing by US$ 23.50 per tonne from US$ 1900 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1964.50 per tonne versus US$ 1942.50 per tonne on Tuesday, November 10. The LME aluminium opening stock further decreased further from 1425450 tonnes to 1419225 tonnes. Live Warrants hovered at...
China’s auto sales registered growth for a seventh month in a row. Sales came in at 2.57 million vehicles in October, according to the China Association of Automobile Manufacturers (CAAM).This marked an increase of 12.5% from the same month a year earlier as the country recovers from the COVID-19 pandemic. In the first ten months of this year, total sales decreased by 4.7% to 19.69 million units due to coronavirus. Sales of passenger car stood at 2.11 million units in October, registering a hike of 9.3% from the same month last year. Commercial vehicle sales came in at 464,000 units. That was up 30.1% year on year. Sales of electric vehicles climbed by 115.4% year on year to 133,000 units last month. Plug-in hybrids stood at 27,000 units, up 63.7%.
National Aluminium Company Limited (NALCO) reported net profit of INR 107.45 crore in Q2 of FY21. Revenue stood at INR 2375 crore, marking a hike of 72% from INR 1381 crore in the first quarter of FY21. On half-yearly basis, net profit was INR 124 crore as against INR 70 crore for the corresponding period of previous year. The Company reported Bauxite production of 17.04 lakh tonnes and Alumina hydrate production of 4.87 lakh tonnes. Aluminium production stood at 1.06 lakh tonnes in the second quarter. Shri Sridhar Patra, CMD, NALCO said, “The year began with unforeseeable challenges, which has affected the entire world. NALCO collective rose to the challenge and braved all odds to overcome the sluggishness in the market and get the business operations back on track amidst the pandemic....
Lindian Resources, the Australian Securities Exchange-listed West African Bauxite mining company has received “green signal” from the Ministry of Mines, Govt. of Guinea towards the conclusion of the acquisition of the massive, undeveloped Lelouma bauxite project in Guinea. The Perth-based mining firm is set to assume the 75% stake in Lelouma’s underlying ownership in Sarmin Bauxite, and take over operational control of the project, pending one final condition. Lindian now seeks the approval from its shareholder, which is expected to be done in its annual general meeting this month and this is considered as the final hurdle that needs to be cleared before the mining firm secures the asset. In October’20, it reported significant development in the mineral resource estimate for Lelouma to an...
The Dutch Aluminum smelter Aldel in Delfzijl is cutting sixty to seventy jobs due to the outcome of the corona crisis. An Adel spokesperson confirms the news, as the COVID-19 pandemic has reduced the demand of the aluminium produced by the firm. The aluminium smelter is also facing a high electricity price and high production costs. The spokesperson said that approximately 20% of employees will be affected by the reorganization. Aldel Delfzijl employees around 350 staffs and the company will discuss with the works council and trade unions in regards to the social plan. "Unfortunately, this uncertain period will take some time for our employees, certainly until the beginning of 2021," said the spokesman. In May’20, Aldel closed a large deal with multinational Glencore, a commodity trading...
The United Arab Emirates’ aluminium crude metal and alloys exports to the US soared by 358.5 per cent month-on-month in August 2020 to come in at 33,700 tonnes, found the US Geological Survey’s latest data. This hike marks the second consecutive month of increase in the UAE’s aluminium crude metal and alloys exports to the US. In July 2020, the aluminium semis exports from the UAE to the US were 7,350 tonnes, reflecting an increase of 17.22 per cent from 6,270 tonnes in June. In May, the UAE had supplied 27,200 tonnes of aluminium semis to the US, meaning the exports in June fell sharply by 76.95 per cent month-on-month. On a year-on-year calculation, the United Arab Emirates’ aluminium crude metal and alloys exports to the US in August 2020 stood down by 31.13 per cent from 25,700...
The economy of Mexico in 2020 is seen dwindling heavily as the pandemic takes its toll. Heavy losses in employment and incomes, coupled with elevated uncertainty have thumped the domestic demand. The economy should recover next year, however, as activity gradually revives. FocusEconomics panellists project the economy to contract 9.9% in 2020. In 2021, the economy is seen rebounding and growing 3.7%, which is unchanged from September’20 forecast. The country in the Southern portion of North America has been recorded with 50,211 tonnes of Aluminium wires in 2018-19 and the expenditure occurred for the import remained at $159.85 million. The import for 2020 will be expected to remain at 20,384 tonnes, the lowest in the three-year phase and the earning to stand at $78.45 million. However,...
Chalco’s Huasheng alumina refinery at Fangchenggang Port in Guangxi has begun operations on its second production line, which will add 1 million tonnes per annum of alumina capacity to an already oversupplied market, said sources to Fastmarkets on Monday, November 9. “I heard their second operation line was ready for production and they began putting raw material into the newly-built operation line in late October,” said one market participant familiar with the update. With the beginning of operations on Huasheng’s second production line, the refinery is estimated to reach 100,000 tonnes of output this month, said sources. Huasheng refinery came online in August 2020 and started trial production at one of its two production lines on September 10, following securing a license for a...
North Karnataka has given its approval for an electric vehicle manufacturing unit in Bagalkot district. The plant will be the first-of-its-kind in North Karnataka. Gaurav Gupta, principal secretary, department of commerce and industries in Karnataka confirmed to TOI that a proposal submitted by Balan Engineering Pvt Ltd for manufacturing facility district had been approved by the government. “The unit will be set up in Achanur village in Bagalkot, and the company has also agreed to set up solar power plants and chemical units, which will help other companies invest in electric vehicles in the future. We want to encourage sustainable technologies in North Karnataka, which is growing as an industrial sector,” said Gaurav Gupta. The electric vehicle manufacturing unit will be set up across...
India-based aluminium extrusion producing company MAAN Aluminium has reported the financial results of the September quarter 2020 revealing that its net profit increased by 7.01 per cent year-on-year from INR 3.14 crore to INR 3.36 crore, despite the decline in sales by 43.09 per cent to INR 93.15 crore as against INR 163.67 crore during the same quarter last year. MAAN reported that its total unaudited assets (non-current and current) stood at INR 119.56 crore as of September 30, 2020. Equity stood at INR 55.1 crore, while liabilities (non-current and current) at INR 64.46 crore. MAAN’s income in the September quarter stood at INR 93.78 crore, up by 85 per cent from INR 50.6 crore quarter-on-quarter but down by 43.13 per cent from INR 164.89 crore year-on-year. Total income of the...
Three-month LME aluminium rose 0.47% to close at US$1,911 per tonne on Tuesday, with open interest remaining at 746,000 lots. SMM expects the contract to trade between US$1,880-1,940 per tonne today. As of Tuesday November 10, LME aluminium cash (bid) price stands at US$ 1880 per tonne, LME official settlement price stands at US$ 1880 per tonne; 3-months bid price stands at US$ 1900 per tonne, 3-months offer price is US$ 1900 per tonne; Dec 21 bid price stands at US$ 1942.50 per tonne, and Dec 21 offer price stands at US$ 1942.50 per tonne. The LME aluminium opening stock stood at 1425450 tonnes. Live Warrants totalled 1246475 tonnes, and Cancelled Warrants were 178975 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1901.50per tonne. SHFE Aluminium Price Trend...
