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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SMM aluminium ingot price has registered a hike for the three days in a row. The price stands at RMB 15180 per tonne on Tuesday, 10 November 2020, marking a growth of RMB 20 per tonne. The price is expected to range at RMB 15160-15200 per tonne. In Foshan and Wuxi, the price has increased by RMB 20 per tonne and RMB 10 per tonne to stand at RMB 15120 per tonne and RMB 15190 per tonne. Their average prices are expected to range within RMB 15100-15140 per tonne and RMB 15180-15200 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15180 per tonne and RMB 15110 per tonne, up RMB10 per tonne and RMB 15 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have risen to stand at RMB 15170 per tonne, RMB 15150 per tonne, RMB 15230 per tonne, and RMB 15180 per...
Three-month LME aluminium rose 0.05 per cent to close at US$ 1,902 per tonne on Monday, with open interest falling to 746,000 lots. It is expected to trade between US$ 1,880-1,940 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to increase for the third day in a row from US$ 1891.50 per tonne to US$ 1913 per tonne on Monday, November 9. 3-months bid price and 3-months offer price stood at US$ 1930 per tonne, growing by US$ 26 per tonne from US$ 1904 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1974 per tonne versus US$ 1948 per tonne on Friday, November 6. The LME aluminium opening stock further decreased from 1437675 tonnes to 1431575 tonnes. Live Warrants hovered at 1246475 tonnes, while Cancelled Warrants 185100 tonnes....
Novelis’s net loss stood at $37 million, down 130 percent versus the prior year due to a $181 million net loss associated with discontinued operations. Net income rose 17 percent year-on- year to $144 million for the second quarter of fiscal year 2021. Excluding tax-effected special items in both years, net income was $158 million, down one percent, “as higher after-tax Adjusted EBITDA was offset by higher depreciation, amortization, and interest expense mainly associated with the acquisition of Aleris.” "Our outstanding performance this quarter was largely driven by our ability to effectively manage our business and work with customers to meet a sharp increase in demand," said Steve Fisher, President and CEO, Novelis Inc. "While future economic implications resulting from the pandemic...
Ellis Patents, the world leader in cable cleat manufacturing has seen its products used to secure power supplies in the Peruvian capital of Lima by two of the Latin American country’s biggest energy suppliers. Ellis Patents delivered 2A Aluminium cable clamps to secure high voltage power cables in vital new substations in the Manchay and Izaquirre areas of Lima for Luz del Sur and ENEL Distribución. Ellis’ 2A Aluminium cable clamps manufactured from LM6 Aluminium are available in sizes ranging from 38mm to 168mm and are primarily used in transmission and distribution projects in unpolluted environments. They can also be supplied with an epoxy coating for use in harsher environments, and LSF polymeric liners for additional cable protection. Both Luz del Sur and ENEL Distribución specified...
In October 2020, China’s primary aluminium output recorded a month-on-month growth of 4.50 per cent to stand at 3.25 million tonnes, compared with 3.11 million tonnes in September, found the Shanghai Metals Market. On a year-on-year basis, China’s primary aluminium production in October stood higher by 8.5 per cent. As of the end of October, the country’s primary aluminium capacity in operation was 38.67 million tonnes per annum among 44.18 million tonnes of existing capacity. Operating rates across Chinese primary aluminium producers stood at 87.5 per cent in October. The daily average output rose 1,000 tonnes from September to 105,000 tonnes, with new capacities in southwest China and Inner Mongolia coming online and some producers in Liaoning and Qinghai restoring production. During...
According to the Shanghai Metals Market, China’s alumina production in October 2020 came in at 6.16 million tonnes, including 5.95 million tonnes of metallurgical-grade alumina. This marked an increase of 4.23 per cent from 5.91 million tonnes of output in September 2020. The average daily output in October climbed 1 per cent month-on-month from 189,000 tonnes to 192,000 tonnes. On a yearly basis, the daily output was up by 5.95 per cent. The total production of metallurgical-grade alumina in the first ten months of 2020 amounted to 55.74 million tonnes 3.23 per cent lower over the year. As of early October, the operating capacity of metallurgical-grade alumina stood at 68.85 million tonnes per year. SMM expects the production of metallurgical-grade alumina to decline in November 2020 at...
Granges Aluminium assigned new management for its operations in Europe, following the completion of the acquisition of Aluminium Konin. Gränges’ operations in Europe incorporate of the acquired business Aluminium Konin in Poland, the operations in Finspång in Sweden, and the business unit Gränges Powder Metallurgy. The name of the acquired business in Poland will be modified to Gränges Konin S.A., while the name of the Swedish unit will be traded from Gränges Sweden AB to Gränges Finspång AB. Torbjörn Sternsjö, currently SVP Technology & Business Development at Gränges Group, has been appointed President Europe, with responsibility for Gränges’ operations in Europe. Torbjörn has extensive experience of driving development and change in leading positions in international operations, among...
Primary aluminium producer Kazakhstan Aluminium Smelter has appointed Mr Serik Donbekbaev as new President. Mr Donbekbaev has more than 2 0 years of track record in mining, metals and processing operation. Kazakhstan Aluminium Smelter is a subsidiary of Eurasian Resources Group. Mr Donbekbaev started his career at the Aksu Ferroalloys Plant, part of the Group’s JSC Kazchrome operation. Mr Donbekbaev was also Vice President of Financial and Economic Affairs for Kazchrome having worked in the economic affairs team for 11 years. In 2019, KAS reached record production of 263 thousand tonnes of aluminium. KAS’s aluminium is traded on the London Metal Exchange. Kazakhstan Aluminium Smelter supplies its product to Italy, Greece and other Balkans, Turkey, and Spain.
Kenya is one of the fastest-growing economies in Africa, yet, nearly half of its residents live below the poverty line. Agriculture is the main engine of economic growth in Kenya. About 75% of Kenyans earn all or part of their income from the sector. Agriculture accounts for 33% of the nation's gross domestic product (GDP). The East African nation’s import of aluminium foil during 2018-19 stood at 7702 tonnes and the expenditure towards the import remained at $39.92 million. The import for 2020 is predicted to reach at 2131 tonnes and expenditure to stand at $35.72 million. However, when the import volume and expenditure for 2020 gets assorted with the existing two years it signifies 9833 tonnes and $75.64 million respectively. Kenya’s import of aluminium foil in 2018 has been recorded at...
In August 2020, the United States imported 205,000 tonnes of aluminium crude metal and alloys from Canada, extending decline for the third month in a row, albeit marginally by 1,000 tonnes or 0.49 per cent, found the US Geological Survey. The United States aluminium semis imports from Canada in July were down by 18,000 tonnes or 8.04 per cent from 224,000 tonnes in June to 206,000 tonnes. In May, the US imported 230,000 tonnes, meaning the country’s aluminium semis imports from Canada in June stood lower by 6,000 tonnes or 2.61 per cent M-o-M. On a year-on-year basis, the United States aluminium crude metal and alloys imports from Canada in August 2020 were up by 194,300 tonnes. The United States aluminium semis imports from Canada in the first eight months of 2020 totalled 1.68 million...
Aluminium Bahrain (Alba) has announced the launch of a‘Al Jisr’ Programme -- a new Training and Development initiative. It aims to build supervisory skills of Bahrain employees. Alba’s Chief Executive Officer Ali Al Baqali commented: “Boosting Bahrainisation has always been one of our top priorities in the Company. With Al Jisr Programme, we aim to train and develop our high-potential national employees whom we consider our greatest assets. We don’t aspire to build businesses; we aim to invest in our people who then become Alba future leaders to translate our vision -- to be the number one Aluminium supplier for the generations to come.” The initiative will provide Bahraini employees with the technical and soft skills through a 4-year period, squeezing the timeframe by more than half, to...
Nonferrous metals on the SHFE were mostly higher on Monday morning, and their counterparts on the LME also rose for the most part, as investors reacted to Democrat Joe Biden’s presidential election win, SMM reported. The LME aluminium added 0.45%. As of Friday November 6, LME aluminium cash (bid) price stands at US$ 1891.50 per tonne, LME official settlement price stands at US$ 1891.50 per tonne; 3-months bid price stands at US$ 1904 per tonne, 3-months offer price is US$ 1904 per tonne; Dec 21 bid price stands at US$ 1948 per tonne, and Dec 21 offer price stands at US$ 1948 per tonne. The LME aluminium opening stock stood at 1437675 tonnes. Live Warrants totalled 1220375 tonnes, and Cancelled Warrants were 217300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
Italian shipyard Rossinavi has reportedly delivered a 48.08 metre, full-custom superyacht – EIV to its client in the United States. Featuring fast-displacement aluminium hull, EIV is capable to cross the oceans and cruising in shallow waters at a speed of 15km. It has a maximum speed of 19km and a range of 3,600nm. The superyacht was introduced by broker Dean Anthony of Allied Marine’s Superyacht Division. Previously known as Project Vector 50, EIV is a fusion of Rossinavi’s interior department and exterior designer Team for Design, Enrico Gobbi. The vessel will be based in the United States and Caribbean waters; hence its electrical systems are made to the US standards. “The Vector project comes in a 50m version under the name EIV , the "little sister" of Utopia IV. The success of this...
Danny Keating, the Chief Executive Officer of Lindian Resources quits just within three months of his appointment as the leader of the company. On 9 th November’20, the company announced it had mutually terminated CEO Danny Keating's contract with immediate effect. Lindian Resources said: "The hard border closures and other travel restrictions imposed due to the COVID-19 pandemic have prevented Mr Keating, who resides in the United Kingdom, from travelling to the company’s head office in Australia and interacting with company shareholders and staff." "The company thanks Mr Keating for his contribution during his time as CEO and wishes him well in his future endeavours," it stated. In August’20, Danny Keating joined Lindian Resources carrying over 25 years’ of experience in the mining...
A00 aluminium ingot price in China has begun the week with a surge of RMB 70 per tonne to stand at RMB 15,160 per tonne, as of Monday, November 9, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,140 per tonne and RMB 15,180 per tonne, with spot contract to be traded at a premium price of RMB 40-80 per tonne, down by RMB 20 per tonne from the previous day. Linyi has seen the highest rise today of RMB 105 per tonne to come in at RMB 15,170 per tonne, followed by the hike of RMB 100 per tonne in Foshan to RMB 15,100 per tonne. In Shenyang, primary aluminium ingot price has increased by RMB 95 per tonne to RMB 15,165 per tonne, while that in Tianjin and Chongqing has grown by RMB 90 per tonne and RMB 85 per tonne to peg at RMB 15,140 per tonne and RMB...
The Jamaican economy is hugely dependent on services, which accounts for more than 70% of GDP. The country derives most of its foreign exchange from tourism, remittances, and bauxite/alumina. The FocusEconomics panellists see the economy contracting 6.4% in 2020, before growing 3.3% in 2021, which is up 0.2% points from last month's projection. The Bauxite rich Caribbean nation’s export of alumina during 2018-19 stood at 42,95,384 tonnes and revenue earnings accounted towards the export remained to $1.194 billion. The export for 2020 is expected to reach at 19,45,386 tonnes and earnings to stand at $566.60 million. Now, when the export volume and earnings for 2020 gets assorted with the existing two years, it unveils 62,40,770 tonnes and $1.761 billion respectively. Jamaica’s export of...
The benchmark A380.1 secondary aluminium alloy price in the United States has increased for the 13 th consecutive week to reach 23-months high, buoyed by rising raw material costs and strong demand from automotive die-casters. Fastmarkets assessed aluminium alloy A380.1 was delivered Midwest at 88-91 cents per lb on Thursday, November 5, up by 2.9 per cent from 86-88 cents per lb in the previous week’s assessment and the highest since 89-90 cents per lb in late November 2018. Deals were heard across the current assessment range on Thursday, and producers continued to raise prices. “We remain busy and we will continue to push quotations higher to meet demand, overcome freight increases and to allow for higher raw material costs,” one producer said. “There is a national shortage of truck...
India’s aluminium scrap imports from the United States continued to increase in August 2020, according to the latest data released the US Geological Survey. The imports in August grew by 5,300 tonnes or 24.42 per cent from 21,700 tonnes in July to 27,000 tonnes. In June 2020, India’s aluminium scrap imports from the US were 12,800 tonnes, meaning the imports in July increased by 8,900 tonnes month-on-month. The imports in June were also up month-on-month from 4,190 tonnes in May 2020. On a year-on-year basis, India’s aluminium scrap imports from the US in August this year stood up by 2,400 tonnes or 9.76 per cent from 24,600 tonnes. India’s total aluminium scrap imports from the US in the first eight months of 2020 (January-August) amounted to 172,000 tonnes, 1.71 per cent less than...
