Last week, domestic spot alumina prices showed a trend of stabilising after the decline, while market trading activity was generally muted. On the supply side, domestic alumina operating capacity recently stood at about 99.5 million tonnes per year. Recently, an alumina plant in Henan carried out calciner maintenance; individual alumina plants in Guangxi faced short-term output constraints due to tighter safety controls; and a newly commissioned coastal alumina plant in Guangxi is still conducting product-quality commissioning. Entering the mid-to-late fourth quarter, some plants in both northern and southern China may adjust capacity. A large alumina producer in Shandong plans production-line technical upgrades, with the specific impact period to be tracked continuously; a large alumina...
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...
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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...
On 6 th November’20, Gränges has completed the previously announced acquisition of the Polish flat-rolled aluminium producer Aluminium Konin. The acquisition of Aluminium Konin, communicated on 28 th November’19, will strengthen Gränges’ product offering and presence in Europe and contribute with strong positions in new attractive niche markets. The acquisition adds new capabilities and capacity to, among other things, expand Gränges’ offering for future transportation solutions, such as electric vehicles. The acquisition is a good strategic fit for Gränges and enhances the company’s platform for sustainable profitable growth. On 23 rd September’20, the acquisition was approved by the EU Commission and on 7 th October’20 Gränges and Boryszew S.A., the seller of Aluminium Konin, signed an...
On 6 th November’20, Shipbuilding group Austal announced that its Vietnam yard which began its operation in 2018 has delivered its first and foremost vessel fully constructed at the Vung Tau shipyard. APT James, the 94m all-aluminium high-speed catamaran was delivered to National Infrastructure Development Company (NIDCO) of Trinidad and Tobago by Austal Vietnam unit. The vehicle-passenger ferry, called Auto Express 94, was designed at Austal Australia. It features the company’s signature optimised hull design, raked bow. A.P.T James is named after the Tobago-born politician, best known as an advocate for political, social and economic development in Tobago before and during his service on the Legislative Council of Trinidad and Tobago from 1946 to 1961. The aluminium makes catamaran will...
According to the latest report released by the US Geological Survey, domestic primary aluminium production in the United States stood at 80,000 tonnes in August 2020, slightly down by 2,000 tonnes or 2.44 per cent from 82,000 tonnes in the month earlier. The average daily production came in at 2,580 tonnes, 2.64 per cent lesser than 2,650 tonnes in July 2020 and 11 per cent lesser than in August 2019. Total aluminium recovered from scrap in August 2020 was 270,000 tonnes, up by 2,000 tonnes from 268,000 tonnes in July 2020. However, on a year-on-year basis, the US aluminium recovery from scrap in August stood down by 9 per cent. Of 270,000 tonnes, 144,000 tonnes were recovered from new scrap and the remaining 126,000 tonnes from old scrap. The United States spot market price of primary...
The US exports of aluminium scrap stood at 161,000 tonnes in August 2020. That was down 2.42% year-on-year, according to the latest report from the US Geological Survey. On a month-on-month comparison, exports rose by 1.9% from July’s export volume of 158,000 tonnes. The US exported 1.17 million tonnes of aluminium scrap in the first eight months of 2020, from 1.26 million tonnes exported in the first eight months of 2019. This records a decrease of 7.14% or 90,000 tonnes. The US exports of aluminium scrap to Malaysia came in at 41,300 tonnes in August 2020. Scrap exports increased by 60% year-on-year but dropped by 15.54% month-on-month. The US had exported 25,800 tonnes and 48,900 tonnes in August 2019 and July 2020, respectively. Exports of aluminium scrap to Malaysia climbed by...
On Monday, November 2, three-month LME aluminium climbed 1.24 per cent to close at US$1,871 per tonne. On November 3 & 4, the price grew further by 1.18 per cent and 0.82 per cent to settle at US$ 1,893 per tonne and US$ 1908.50 per tonne, respectively. However, on Thursday, November 5, three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne. LME aluminium cash (bid) price and LME official settlement price displayed an uptrend this week during November 2-6 from US$ 1834.50 per tonne to US$ 1891.50 per tonne, with an intermittent fall on Wednesday, November 4. Starting the week on Monday, November 2, at US$ 1834.50 per tonne, both LME aluminium cash (bid) price and LME official settlement price soared to US$ 1891 per tonne on Tuesday, November 3. On November 4, the...
SMM aluminium ingot price witnessed fluctuations over the week. The price on Monday and Tuesday stood higher at RMB 15050 per tonne and RMB 15150 per tonne. The price dropped by RMB 10 per tonne to RMB 15080 per tonne on Thursday, after declining by RMB 60 per tonne on Wednesday. Aluminium ingot price ended the week higher at RMB 15090 per tonne on Friday, 6 November 2020. According to the Shanghai Metals Market, social inventories of primary aluminium ingots declined sharply this week due to robust downstream demand and limited arrivals of stocks. The inventories decreased by 34,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 654,000 tonnes on Thursday, November 5. This marks the third consecutive week of decline. The alumina price in China continued...
Hon. Culwick Togamana, Minister of Environment, Climate Change, Disaster Management and Meteorology have supported the decision to decline the development of a bauxite mine on Wagina Island. Richard Pearshouse, Head of Crisis and Environment, Amnesty International, said: “This is a hard-won victory for Wagina Island residents who rely on their island and waters around the proposed mining site for their livelihoods.” “The Minister has heard their concerns loud and clear: environmental decisions are always better when local communities are adequately consulted. When Amnesty International researched on the ground in 2019, many community members said they did not feel sufficiently informed or consulted about this mining proposal.” Wagina Island, a remote island of approximately 80 km2 in...
On 6 th November’20, Vedanta reported 61.80% shrink in consolidated net profit at INR 824 crore for the quarter ended 30 th September’20 on the back of one-time tax expense. Vedanta said in a filing to BSE: “The Company posted a net profit of INR 2,158 crore in the year-ago period.” Income during July-September dropped to INR 21,744 crore from INR 22,814 crore in the year-ago period, the filing said. The company said in a statement the tax expense for the quarter was at INR 2,370 crore. "EBITDA for Q2 FY2021 was at INR 6,531 crore, higher by 63% Q-o-Q, mainly due to higher commodity prices, higher volumes at zinc business, lower cost of production at Zinc India and aluminium business, partially offset by higher input commodity prices, rupee appreciation and reversal in renewable purchase...
If reports are to be believed, Ola Electric is likely to build India's largest electric scooter manufacturing plant. The company is in talks with various state governments, including Karnataka, Tamil Nadu, Andhra Pradesh and Maharashtra, for this project. Image for representation purpose only The facility will have an annual production capacity of about 2 million units. The plant is expected to be built on a 100-acre land. Ola Electric may begin production in the next 18-24 months. The company will compete with players like Bajaj Auto, Hero MotoCorp-backed AtherEnergy, Hero Electric and others that manufacture electric two-wheelers. In August, Ola Electric announced its plans for launching an electric two-wheeler soon. In May, Ola Electric acquired Amsterdam-based Etergo BV for an...
Norsk Hydro has announced the signing of a new long-term power contract for Norwegian aluminium portfolio. The company’s fully owned subsidiary Hydro Energi AS has entered into an agreement with Hafslund E-CO Vannkraft AS for an aggregated supply of 0.9 TWh in the period from 2021 to 2027, with delivery to price area NO5. “We are pleased with signing yet another contract with Hafslund E-CO Vannkraft AS, enabling us to secure stable long-term hydropower supply to our operations,” said Arvid Moss, Executive Vice President Energy in Hydro. Hydro and Hafslund E-CO Vannkraft AS already have signed a contract for an aggregated supply of 1.18 TWh in June. “Since 2014, Hydro has signed 16 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with...
The United States aluminium scrap exports to China fell sharply in July 2020 by 13,100 tonnes or 60.64 per cent month-on-month to stand at 8,500 tonnes, marking the second consecutive month of decline, according to the US Geological Survey. In June 2020, the United States aluminium scrap exports stood 6,800 tonnes lower from 28,400 tonnes in May to 21,600 tonnes. In April, the United States supplied 26,600 tonnes of aluminium scrap to China, meaning the exports in May stood higher by 6.76 per cent month-on-month. On a year-on-year calculation, the United States July aluminium scrap exports to China declined by 99.73 per cent from 31,300 tonnes. The total scrap exports from the US to China during the first seven months of 2020 (January-July) came in at 125,000 tonnes, down by 51 per cent...
Air Fab Pty, specialises in Aluminium fabrication, that employs just 8 peoples and based in Victoria has secured a $1.3 million contract from Boeing Defence Australia to design safety stands used to maintain the RAAF’s F/A-18F Super Hornets and EA-18G Growlers. Air Fab mostly produces light, flat-packed physical platforms that can be easily transported. The 8 membered Australian company has previously worked with Qantas, Virgin, Jetstar and the RAAF directly and have been described by Immigration Minister, and federal member for Aston, Alan Tudge as a “local success story”. Linda Reynolds, Minister for Defence, said: “The safety stands would provide enhanced fall protection for Air Force and Boeing personnel when conducting maintenance on top of, and around, the aircraft.” “Using their...
The Shanghai Metals Market has analysed the impact of the upcoming heating season on China’s prebaked anode industry, based on the relevant policies and specific measures in 2+26 cities. 2020 is the last year of China’s three-year action plan to fight air pollution, and many regions in northern China is about to enter the heating season of 2020-21. At the end of June 2020, the general office of the Ministry of Ecology and Environment of China issued a technical guide for key industries to reduce emissions in heavily polluted weather, stipulating specific emission reduction measures for enterprises with different grades in key sectors. Currently, there are 49 prebaked anode producers operating in Beijing-Tianjin-Hebei and its adjoining areas and the Fenwei Plain, with a total equipment...
Ball Corporation has announced the retirement date of Robert D. Strain, senior vice president, Ball Corporation and president of Ball Aerospace. Robert D. Strain will retire on Jan. 1, 2021, after more than 30 years in the aerospace industry. Dr. David Kaufman, chief operating officer of Ball Aerospace since January 2020, will transition to the role of president in a similar capacity. Kaufman has more than 25 years of engineering and management experience supporting the aerospace industry and government customers. "Rob has had a long and accomplished career in the industry and has successfully led our aerospace business to be a trusted, mission-critical partner to our civil, defense and intelligence customers. We thank him for his leadership during a time of unprecedented growth for Ball...
Germany's economy slumped by 2.2% in the first three months of this year as the COVID-19 pandemic pushed it into recession. It was the biggest quarterly fall since 2009 when the country was engulfed in the global financial crisis. The Western European nation’s export of aluminium containers during 2018-19 has been recorded at 4329 tonnes and the revenue generated on the export during the phase stood at $32.15 million. The export for 2020 is expected to reach at 3025 tonnes, with earnings to stand at $20.22 million. Now, when the export volume and earnings of 2020 get added with the existing two years, it denotes 7354 tonnes and $52.37 million respectively. In 2018, Germany’s export of aluminium container remained at 2007 tonnes and earnings stood at $17.07 million, whereas, in 2019 the...
Ajay Kapur, CEO - Aluminium & Power at Vedanta Limited, has pointed out in a recent interview that transportation accounts for the largest share of aluminium consumption at 27 per cent across the globe. The use of aluminium in the auto sector surged after the oil crisis in 1970s, triggering fuel economy and leading to the replacement of heavy steel parts with lighter aluminium substitutes. From 35kg per car in the 1970s, the use of aluminium today is 160kg on an average. He says experts project average aluminium content in a car to increase to 250kg by 2025. According to Kapur, the domestic Indian market has a long way to go on the road to match its global counterparts in aluminium consumption. The overall per capita aluminium consumption in India is 2.7kg versus the global average of...
Ball Corporation reported net earnings of $241 million on sales of $3.1 billion for the third quarter 2020, compared to $92 million on sales of $3.0 billion in 2019. For the first nine months of 2020, net earnings were $358 million on sales of $8.7 billion, compared to $406 million on sales of $8.8 billion for the first nine months of 2019. The company said the results reflect the 2019 sale of Argentine steel aerosol business and Chinese beverage can assets, and new segment reporting for the company's beverage packaging, EMEA business and other non-reportable results. "Our team continues to operate safely while responding to significant growth across our businesses. Capital investments are being executed to support sustained growth for our global aluminum packaging portfolio and aerospace...
