Italian aluminium window and door components manufacturer Master Group has unlocked a new chapter in its growth strategy as European private equity platform Equinox IV acquired a 60 per cent stake in the company. The investment, made in partnership with the founding Loperfido-Lacatena family, is aimed at reinforcing Master’s international expansion, boosting its production capacities and pursuing strategic acquisitions, with the ambition of building a leading European industrial group. The acquisition is the second investment in Equinox IV’s log book. The Loperfido-Lacatena family retains a 40 per cent stake, with co-founder and CEO Michele Loperfido would continue to lead the business alongside his children, Annacarla and Stefano, and the existing senior management team. To know the...
Hydro and Mercedes-Benz have expanded their long-standing partnership through a new long-term agreement covering the supply of low-carbon primary and recycled aluminium, strengthening efforts to reduce emissions across the automotive supply chain. The agreement will cover at least 10 per cent of Mercedes-Benz's primary aluminium demand and extend beyond 2030. Under the agreement, Hydro will progressively lower the carbon footprint of the primary aluminium supplied to Mercedes-Benz to 3.5 kg of CO2e per kg by 2028. The partnership will also introduce Hydro CIRCAL recycled aluminium, which contains at least 75 per cent post-consumer aluminium scrap, into Mercedes-Benz production from 2027. The agreement builds on the companies' collaboration established in 2022 and provides long-term demand...
Grow with
AL Circle
According to the Shanghai Metals Market, the A00 aluminium ingot price has recorded a decrease of RMB 140 per tonne to stand at RMB 14,420 per tonne on Monday, August 17. The average prices are expected to range between RMB 14,400 per tonne and RMB 14,440 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne, down by RMB 40 per tonne from the previous day. Shenyang has seen the highest plunge today by RMB 225 per tonne to come in at RMB 14,370 per tonne, followed by a decline of RMB 185 per tonne to RMB 14, 450 per tonne in Gongyi. In Wuxi and Hangzhou, the primary aluminium ingot price has dwindled by RMB 140 per tonne and RMB 135 per tonne to stand at RMB 14,410 per tonne and RMB 14,310 per tonne, respectively. In Chongqing, Foshan, and Tianjin, the...
Hindalco Industries Ltd has dropped its aluminium products price after hiking the price of the same product by 1% on August 12. With effect from Saturday August 15, the company’s wire rods price stands at INR 159,850 per tonne, marking a decline of 1.08% or INR 1,750 per tonne from INR 161,600 per tonne. The company is now selling its billets at INR 155,850 per tonne, down INR 1,750 per tonne from INR 157,600 per tonne with effect from Wednesday August 12. Aluminium ingots price has reduced to stand at INR 148,750 per tonne, a drop of INR 1,750 per tonne from INR 150,500 per tonne on August 12. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium declined by 3% so far in...
Three-month LME aluminium closed 1.28% lower at US$1,741 per tonne on Friday. Open interest increased 7,854 lots to 809,000 lots as shorts added positions. The effect of US dollar index on LME aluminium will be monitored. As of Friday August 14, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per tonne; 3-months bid price stands at US$ 1766 per tonne, 3-months offer price is US$ 1766 per tonne; Dec 21 bid price stands at US$ 1843 per tonne, and Dec 21 offer price stands at US$ 1843 per tonne. The LME aluminium opening stock stood at 1594325 tonnes. Live Warrants totalled 1351000 tonnes, and Cancelled Warrants were 243325 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1769.18per tonne. SHFE Aluminium...
In the year 1958, Hindalco Industries started with an aim to produce primary aluminium and brownfield expansion, whereas, from 2020 onwards, Hindalco has grown through acquisitions and FDI investments. The primary aluminium business generated non-uniform cash-flow due to the fluctuation in the international prices. Hindalco planned to de-risk, so it increased the share of the downstream activities and in 2007 Hindalco acquired Novelis, the world’s largest aluminium rolling company for around $6 billion, followed by more downstream investments in India. In 2020 Hindalco acquired Aleris to build competency in aluminium rolled products. Hindalco also invested about $5 billion in upstream projects which incorporates the aluminium smelting and alumina refinery facilities and focus on the...
China's July production of primary aluminium increased 3.1% from a year earlier, according to the latest statistics released by China’s National Bureau of Statistics (NBS) on August 14. The output came in at 3.10 million tonnes of primary aluminium last month. On a month on month comparison, the output increased by 2.8% from June. China’s total aluminium production stood at 21.1 million tonnes in the first seven months of 2020. That was up 2.5% on year, the NBS data also showed. China's production of 10 nonferrous metals - including copper, aluminium, lead, zinc and nickel – came in at 5.08 million tonnes in July. That was flat on June but up 3.3% year-on-year, the bureau said.
On 14 th August’20, aluminium primary foundry alloy premiums in Germany and Eastern Europe swing up, after two long years. The growth has sent a positive note to the industry breaking the downfall trend that initiated in 2018. Premiums for aluminium primary foundry alloy in Europe reflected upward inclination on 14 th August’20 for the first time in two years ahead of 2021 negotiations for annual supply in the region. The aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $280-300 per tonne, with both up from $270-290 per tonne the month before. As per the industry experts, automotive manufacturing production has increased in recent weeks up to 70-100% capacity - which is boosting...
Vedanta continued to decline its aluminium products price for the second time in a row. With effect from Saturday, 15 August 2020, the prices of some aluminium ingots are in the range of INR 147,500-160,500 per tonne, marking a decline of INR 250 per tonne or 0.17% from INR 147,750-160,750 per tonne on August 11. With the latest decline, Vedanta’ billet now stands at INR 155,500 per tonne on August 15, a drop of INR 250 per tonne from INR 155,750 per tonne on August 11. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down by 3% so far due to slower global demand following the coronavirus outbreak. Vedanta Limited cuts its aluminium Cost of Production (CoP) in the...
National Aluminium Company Limited (NALCO) has expanded its aluminium and aluminium product prices for the fourth time in a row, with effect from Friday, August 14. The company has raised its aluminium ingot price by INR 1,300 per tonne or 1 per cent to INR 150,050-153,550 per tonne, as of August 14. After the previous hike a week ago on August 7, NALCO’s aluminium ingot price was at INR 148,750-152,250, up by 2.09 per cent from August 1. With the latest hike, NALCO’s aluminium wire rod price has come in at INR 153,550 – 157,900, up by INR 1,300 per tonne or 1 per cent from INR 152,250-156,600 per tonne. The prices of NALCO’s aluminium billets have also been increased by the same amount to INR 153,500-156,150 per tonne from INR 152,200-154,850 as of August 7. NALCO links its aluminium...
The Shanghai Futures Exchange (SHFE), on Monday, August 10, launched trading in aluminium and zinc options. China, over the past three years, has launched 18 commodity options. The country is the world’s largest production and trading market for non-ferrous metals. Aluminium futures contracts are listed on SHFE for the past 28 years. “Options can well supplement futures,” said Zhao Jinhua, chairman of China Aluminum International Trading Group, in a Xinhua report. He also said commodity options could help in meeting companies’ needs for flexible risk management and lower the cost of hedging, and thereby, could enhance competitiveness. Five of China’s commodity futures contracts are open to foreign investors, including futures in crude oil, natural rubber, low-sulfur fuel, PTA (purified...
The European Commission on 14 th August’20 commences an investigation for allegedly dumped imports of certain aluminium flat rolled products from China in the 27-country European Union based on a complaint by a European group of producers. The EU moves is accompanied by another anti-dumping investigation which was rolled out in February’20 into Chinese aluminium extrusions. European Aluminium represents more than 25% of the total EU production of aluminium flat-rolled products, took its outrage to the association’s executive in June’20, saying: “Imports of the product have increased overall in absolute terms and terms of market share.” The Commission stated there was adequate evidence which showed that “due to significant distortions affecting prices and costs, the use of domestic prices...
Hindalco Industries Limited has announced financial results for the first quarter of 2020 ended June 30, mentioning steady quarterly results driven by a strong performance by India Aluminium Business. Hindalco’s Aluminium India Business EBITDA stood at INR 856 crore versus INR 853 crore during the same period last year. Despite the COVID-19 pandemic, Hindalco has reported the EBITDA margin of 19.3 per cent in Q1, one of the best in the industry. Revenue from the India Aluminium Business, however, edged lower at INR 4,436 crore compared to INR 5,490 crore in Q1FY20. India Aluminium Business achieved aluminium metal production of 291 Kt, while sales at 303 Kt, down by 5 per cent year-on-year due to subdued domestic market, but partially offset by higher exports. Sales of value added...
The economy of Slovenia is developed and the country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 83% of the EU28 average in 2015. The major Slovene industries that contribute to the economy are electrical equipment, electronics, trucks, chemicals, processed food, ferrous metallurgy and rolling mill products, aluminium reduction and rolled products, and lead and zinc smelting. The Central European nation’s export of aluminium scrap remained robust during 2017-19, as the export volume stood at 130,958 tonnes and the revenue earnings stood at $119.07 million. The projected export for 2020 has been analysed at 52,771 tonnes and the earnings to reach $52.94 million. However, when the estimated export volume and earnings...
On Thursday, August 13, the London Metal Exchange laid out plans to create the much-intended low-carbon aluminium spot trading platform to support sustainable metal production. The platform is expected to play a growing role in the green energy transition enabling registered producers to voluntarily log their metal’s carbon-related details. Starting with green and recycled aluminium, the platform intends to expand in the future into other sectors such as specialised alloys, and later on, into other metals as well. For being the most energy-intensive industrial metal, aluminium is vital for the transition to a low-carbon economy. The vast majority of smelter use coal-fired power for producing primary aluminium. Some use renewable energy source and has long been calling for it to be...
Metalcorp Group, one of Europe’s leading independent producers of secondary aluminium ingots, reported revenue of EUR 228.7 million in the first half of 2020, from EUR 305.4 million in the first half of 2019. EBITDA stood at EUR 14.7 million, from EUR 17.1 million in the first half of 2019. “The biggest impact – apart from lower market prices – came from the automotive business that led to a substantially reduced turnover in this segment in April and May 2020. Since June, a significant recovery has taken place. Aluminium production has been below budget but raw materials trade was up and zinc and copper were above expectations,” the company said. The Group will start full scale commercial mining at its bauxite project this October, resulting in a significant increase in earnings during...
The Prime Minister of the Republic of Srpska, said on 13 th August’20 in Zvornik that the company "Alumina", regardless of the COVID-19 pandemic, is operating successfully. "The number of workers who worked before the pandemic and now is the same, there were no layoffs, production is slightly lower than planned, but enough that the factory is not at a loss," Viskovic told after talks with the management of Alumina and with the bankruptcy trustee of the Alumina Factory "Birač". Viskovic pointed out that the factory was on the metallurgical program a couple of years ago, and today it is 100% on the non-metallurgical program, and that thanks to the workers, technologists and experts, it was saved from going into scrap metal. "In the process, they changed the production program, adjusted to...
According to a recent report, FYI Resources Limited has received firm commitments from several professional investors to raise up to $2.7 million through a two-tranche placement at 6 cents per share for the use in advancing high purity alumina (HPA) production at its fully integrated HPA project in Western Australia. The placement has been strongly supported by local and international investors as well as several existing major shareholders including Regal Funds Management, which has materially increased its 11.5 per cent stake in FYI Resources. Besides, FYI has welcomed a new cornerstone investor, Ken Hall, which has subscribed to buy $500,000 worth of shares. FYI said the funds would be used in marketing activities, ongoing test work, refinement of production process, and further trial...
As updated by Shanghai Metals Market, average spot alumina price in China has extended its decline by RMB 12 per tonne on Friday, 14 August 2020. The price now stands at RMB 2302 per tonne today. The prices in all other major markets have also declined today, except South. The prices of alumina in East, Central, and North China markets have reduced by RMB 15 per tonne, RMB 15 per tonne and RMB 10 per tonne to stand at RMB 2290 per tonne, RMB 2300 per tonne, and RMB 2290 per tonne. Alumina-South remains unchanged at RMB 2520 per tonne. Alumina (Imported) price fell to RMB 2320 per tonne on Friday, representing a drop of RMB 50 per tonne. The average price is expected to move within a range of RMB 2300-2340 per tonne A00 aluminium ingot price has dropped by RMB 60 per tonne after...
Metro Mining provides production and shipping results for July 2020. The company’s July mining was slightly ahead of budget and in line with performance achieved year to date. Metro Mining produced 501,000 wet metric tonnes (WMT) of bauxite in July, down from 505,000 tonnes in June. The year-to-date production came in at 1.92 million tonnes. The company’s July bauxite shipments stood at 456,000 WMT. The year-to-date shipments came in at 1.7 million WMT. Bauxite mined per day was 16,170 WMT. Shipment per day stood at 14,714 WMT in July. “Shipping was marginally down due to two days lost as a result of a belt replacement on the barge loading facility and some downtime as a result of unusually high swell conditions for this time of year.” Metro Mining Managing Director & Chief Executive...
