Monster Beverage Corporation reported record third-quarter net sales of USD 2.56 billion in 2026, marking a 16.7 per cent year-on-year increase, even as higher aluminium can and freight costs contributed to a decline in gross profit margin. The beverage manufacturer said rising aluminium costs, alongside a shift towards faster-growing but lower-margin international markets, weighed on profitability during the quarter. According to the company's Q3 2026 earnings call, gross profit margin declined by 100 basis points to 54.7 per cent from 55.7 per cent in the corresponding quarter of 2025. Management identified increased aluminium can costs, geographical sales mix and higher freight expenses as the primary factors behind the contraction, partly offset by pricing actions. Chief Executive...
A potential easing of trade tensions between the United States and Canada could reshape the North American aluminum market, with European buyers facing the risk of stronger competition for Canadian metal. Import data from ITC Trade Map shows that US purchases of Canadian unwrought aluminum fell sharply in 2025, while imports from Canada increased across six European markets, highlighting how trade flows have evolved amid tariff uncertainty. The United States imported approximately 2.03 million metric tons of unwrought aluminum from Canada in 2025, down 25.9% from 2.74 million metric tons in 2024. The decline amounted to around 711,494 metric tons over the year. Import value also decreased, falling 22.2% from $7.82 billion to $6.09 billion. The figures come as the possibility of a...
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Indian Ministries and public sector firms are working towards building infrastructure and manufacturing components for electric vehicles (EVs). It is estimated that the EV market in 2030 would be valued at INR 42,000 crore. Private sector is also investing in manufacturing and installing EV infrastructures including charging and battery swapping technologies, as said by the NITI Aayog. Industry players are also exploring solar-plus-EV technology. Indian Railways has decided to allocate space for EV charging places at their station parking lots on public-private partnership. Indian Oil Corporation has partnered with clean energy firm Fortum India for EV charging stations to be started in Nagpur, Hyderabad, Kolkata and Delhi. The company also signed agreements with NTPC, Powergrid and...
Automotive Aluminum Advisors LLC announced the addition of three most experienced aluminium technology and engineering experts to its team. Automotive Aluminum Advisors LLC is a consulting & engineering firm that works with the automotive sector in the areas of aluminium technology & engineering and R&D. The appointments are aimed at cementing the company’s position as an industry leading consultant group in the above mentioned sector. Daniel Bryant is a former Technical Fellow at the Alcoa Technical Center who has led the development of new type of automotive aluminium alloy. He has proven track record in developing new aluminium sheet, extrusion and foundry alloys for automotive applications. James Burg, a former Chief Design Engineer at Alcoa is an expert in lightweight product and...
The global aluminium cans market is estimated to experience growth at a CAGR of 3.4 per cent to 3.6 per cent, thanks to the growth in China, Asia, Europe, and South America. Amidst this, some parts of the world are even likely to see a stagnant or decreasing trend in aluminium cans market because of lowered consumption of carbonated beverages. Nonetheless, the market in the European Union is expected to grow at a CAGR of over 4 per cent between 2017 and 2025, owing to increased recycling activities undertaken by the European Commission, as well as the national governments of France, Germany, and the U.K., according to Grand View Research, Inc. However, according to our third-party data, aluminium cans import by Belgium may drop for the second straight year in 2019. After a rise in...
Starbucks and Nestlé have announced the launch of Starbucks by Nespresso coffee capsules. Starbucks by Nespresso is the first product jointly developed since the two companies formed the Global Coffee Alliance in August last year. Each capsule is made of aluminium and is recyclable as a part of the Nespresso recycling program. Tony Matta, President of Nestlé Starbucks Coffee said: “Starbucks® by Nespresso is a product that we have been very excited about since the formation of the Global Coffee Alliance.” “Within this partnership, we are constantly searching for ways to elevate the at-home experience, and Starbucks® by Nespresso is the perfect way to bring a new, exciting coffee experience into the homes of our customers.” The capsules will be available in four different flavours,...
According to the latest report from Aluminum Association net shipments of Aluminum Sheet and Plate by U.S. and Canadian producers stood at an estimated 346,998 tonnes during March 2019, slightly off from March 2018. On a month on month comparison, shipments increased 10 per cent over the revised February 2019 total of 315,428 tonnes. YTD shipments through March 2019 stood at 1 million tonne, up 1.6 per cent over the same period of 2018. Note that import data continues to lag due to the recent partial government shutdown. Shipments of Can Stock stood at 144,514 tonnes during March 2019, off 8 per cent from the March 2018 total of 157,397 tonnes, while shipments of Non-heat Treatable Sheet (excluding Can Stock) were down 1.9 per cent to 116,845 million pounds and shipments of All Other...
The US dollar edged lower against a basket of currencies in poor trades on Monday. The LME was closed for Easter Monday holiday. SHFE aluminium traded higher. The benchmark aluminium price on Shanghai Metal Exchange increased to US$ 2113 per tonne today from US$ 2105 per tonne on April 22. The following graph shows the SME price growth in last one month: Longs bolstered the most-liquid SHFE June contract yesterday. It extended the increase in the afternoon to a high of RMB 14,200 per tonne and closed at RMB 14,190 per tonne. The SHFE June contract then pared some earlier gains to end 0.28% higher at RMB 14,175 per tonne overnight, and buck the downtrend across the nonferrous complex. SHFE aluminium is expected to remain firm today with a trading range of RMB 14,150-14,250 per tonne. Spot...
In an interview with The Economic Times, Nalco Chairman cum Managing Director Dr. Tapan Kumar Chand said that the company's aluminium production is estimated to grow this year by 6 per cent and consumption by 4 per cent worldwide. This shows production will remain ahead of consumption. However, the deficit of around 2 million tonnes last year in global markets will come down to 1 million tonne. Chand pointed out in some countries th aluminium demand is showing sluggishness, while in others, such as the Middle East, the metal demand is seeing a rise. While mentioning about the steady aluminium prices in the past one year, he said the prices have come down from about $2,259 per tonne in the first quarter of 2018-19 to $1,859 per tonne in the last quarter, $400 per tonne less. According to...
Average spot alumina price in China stood at RMB2695 per tonne on Tuesday, 23 April 2019, which indicates a 0.75 per cent increase compared with RMB2675 per tonne. The average price is expected to range within RMB2695 per tonne. Spot alumina price in Central China and North China increased RMB20 each to stand at RMB2700 per tonne and RMB2690 per tonne. Spot alumina price in the South China market and East China market stood at RMB2695 per tonne and RMB2700 per tonne. A00 aluminium ingot price on Tuesday rose RMB70 per tonne or 0.50 per cent from yesterday. The ingot price today stood at RMB14200 per tonne. Spot aluminium contract is likely to be traded at discount of RMB30 per tonne to premium of RMB10 per tonne. The average price is expected to range at RMB14180-14220 per tonne....
Apple Inc. said on Thursday, April 18, that it would expand its global recycling programmes and introduced "Daisy", its recycling robot that is capable of disassembling 200 iPhones per hour. Apple also announced that it will open a "Material Recovery" lab in Austin, Texas to investigate new techniques using robotics and machine learning to recycle iPhones. The lab will use robots to rip apart iPhones and recover recyclable materials like aluminium, cobalt and copper. The 9,000-square-foot lab is built at the same Austin facility. The Apple-built Daisy robot is a successor to Liam, another recycling robot made by Apple in 2016. Daisy was created with some of Liam’s old parts, making it a recycled robot that helps recycle iPhones. Lisa Jackson, Apple's vice president of environment, policy...
On asking about the current status of Vedanta’s Lanjigarh alumina refinery’s production capacity, CEO Rahul Sharma said, “Vedanta expects to raise Lanjigarh alumina refinery's capacity to 2 million tonnes this year.” He also said, “Growth is likely to double in next 5 years," while continued saying that Vedanta in the last year had achieved the production of 1.5 million tonnes, up 25 per cent year-on-year. This year, producing 2 million tonnes of alumina is the target, and going forward the plan is to expand in a phased manner, said Mr. Sharma. He further added, "As far as bauxite outlook is concerned, we are very happy. Post MMDR Act, now the government is going to auction and we are going to participate seriously and we are aiming for it." As far as coal is concerned, he said the past...
During the Spotlight on Aluminum session at ISRI 2019, the annual convention and exposition organized by the Institute of Scrap Recycling Industries (ISRI) at Washington, presenters predicted additional investment in secondary and primary aluminium production and discussed about the changing trends in the aluminium recycling sector. “When we look at the European aluminum market and we look at the primary side, we’ve seen billet prices under pressure,” Steve Deacon, nonferrous president for EMR USA said. “We see closed loop supply chain management that has reduced the need for external scrap. He said that demand for secondary aluminium from the automotive sector is slowing down in the US because of the closed loop recycling by automakers. The secondary aluminium products are now flooding...
Chinese state-run shipping giant Cosco has reportedly signed a contract to construct up to ten 210,000 dwt newcastlemax bulkers to support its long-term shipping project with Aluminium Corporation of China (Chalco). This order, consisted of eight firm vessels and two optional vessels, is Cosco’s first batch of newcastlemax newbuildings under a bauxite transportation deal with Chalco. The vessel will transport bauxite from Guinea’s Boffa bauxite project to China. In June 2018, Aluminium Corporation of China (Chalco) had entered into an agreement with the government of Guinea to develop the Boffa bauxite project in the west of the country. The company had been granted mining licenses for 15 years, which is renewable by 15 years more on expiry. The project is expected to produce 12 million...
The office of Guinean President Alpha Conde has announced that the President will take command of Societe Guinneenne du Patrimoine Minier, known by its French acronym Soguipami, from the mines ministry. Soguipami or the Guinean Heritage Mining Company is a public limited company owned by the Guinean State. The company is responsible for: Managing state holdings in mining companies and mining permits Marketing and transportation of mining products Managing government's negotiations on contracts between the State and the mining companies Development of mining infrastructures Assuming oversight of the Guinea’s state-owned mining company will offer the President more authority over the country’s holdings in some of world’s biggest bauxite deposits. Soguipami holds a 49% stake in Compagnie des...
Malaysia’s total imports of aluminium including scrap from the USA stood at 10,100 tonnes in January 2019, 46 per cent higher than the corresponding period of 2018, according to the latest Mineral Industry Survey report from US Geological Survey. Malaysia imported 9,870 tonnes of aluminium scrap from the USA in January 2019, up 3430 tonnes or 53 per cent from 6,440 tonnes imported in January, 2018. Imports dropped 38 per cent month-on-month from 15,800 tonnes in December 2018. For the full year of 2018, the country imported 172,000 tonnes of aluminium scrap from the USA, from 52,500 tonnes imported in 2017. This records an increase of 119,500 tonnes or 228 per cent year-on-year. Imports of aluminium semi-finished products (plates, sheets, bars, etc.) dropped to 196 tonnes in January....
Tajik Aluminium Company (Talco), Tajikistan’s flagship aluminium smelter and the backbone of the Tajik economy, will reportedly get a facelift by China’s state-owned engineering company CMEC. According to Talco representative, the refurbishment cost will be around US$545 million. On Friday, May 19, a representative for Talco confirmed to AFP via telephone that "the contract between CMEC (China Machinery Engineering Corporation) and Talco was signed on April 15." However, the details on how Talco would finance the deal are not revealed by the representative yet. Tajikistan’s Talco aluminium smelter is a key industrial asset in an impoverished and mostly agrarian country of 9 million bordering China. Over the past years, the smelter’s annual production found dwindling. In 2018, the...
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that Iran's major aluminium producers output stood at 301,033 tonnes in the last Iranian year (ended March 20). Aluminium production decreased 11 per cent year-on-year from 337,000 tonnes Iran’s flagship aluminium producer Iran Aluminum Company (IRALCO) accounted for 170,912 tonnes of the total figure. Hormozal Aluminum Company contributed 77,326 tonnes, a 27 per cent drop YOY. Almahdi Aluminum Company contributed 52,795 tonnes, down 14 per cent YoY. Aluminium production during the month to March 20 dropped 42 per cent YOY to16,544 tonnes. Iran has aluminium nameplate capacity of 457,000 tons per year. Aluminium production is expected to reach 1.5 million tons by 2025. Iran is likely to start...
The US dollar index dipped amid the holiday-thin trades, after the release of disappointing US homebuilding data. SHFE base metals rose across the board on Friday night, aluminium advanced close to 0.5%. The London Metal Exchange closed for the Good Friday holiday. As on April 18, LME aluminium cash (bid) price stood at US$ 1838.50 per tonne, LME official settlement price stands at US$ 1839 per tonne; 3-months bid price stands at US$ 1854 per tonne, 3-months offer price is US$ 1854.50 per tonne; Dec 20 bid price stands at US$ 1983 per tonne, and Dec 20 offer price stands at US$ 1988 per tonne. The LME aluminium opening stock dropped to 1053925 tonnes. Live Warrants totalled at 664950 tonnes, and Cancelled Warrants were 388975 tonnes. LME aluminium 3-months Asian Reference Price is...
According to Shanghai Metals Market, the alumina spot price has recorded a rise over the weekend ended on April 22, by RMB 10 per tonne to come in at RMB 2,675 per tonne. After a continued fall since the beginning of the year, the alumina spot price first rose this year on April 18 from RMB 2,646 per tonne to RMB 2,665 per tonne. On April 19, the price showed restrained and then again a growth on April 22. The average price today is expected to stand at RMB 2,675 per tonne. In all the major markets of China, including east, central, north, and south, the alumina price has also climbed by RMB 10 per tonne to stand at RMB 2,690 per tonne, RMB 2,680 per tonne, and RMB 2,670 per tonne, respectively. The A00 aluminium ingot price has also registered a growth today by RMB 80 per tonne and...
