Canyon Resources, the Australian mining company developing Cameroon’s Minim Martap bauxite project , has recommended the re-election of Director Gaurav Gupta, who also serves on the board of its largest shareholder, A2MP Investments FZCO. The recommendation comes as the company prepares for its annual general meeting on November 30, 2026, where shareholders will also consider a separate board nomination that has not received directors’ support. The developments follow recent proceedings before Australia’s Takeovers Panel concerning A2MP’s unsuccessful attempt to acquire the remaining Canyon shares and a proposed AUD 170 million (USD 115.7 million) financing package. In an October 28 decision, the Takeovers Panel examined the relationship between Canyon and A2MP following the latter’s...
Kazakhstan is preparing to impose long-term export restrictions on specified aluminium foil products and industrial graphite electrodes supplied to other members of the Eurasian Economic Union (EAEU). The measures, outlined in an order signed by the Minister of Industry and Construction on November 5, 2026, will remain in force for several years, with certain exemptions for aluminium foil shipments. The restrictions cover two categories of industrial products of aluminium foil and graphite electrodes. The first includes aluminium foil supplied in rolls that meet specified dimensional and technical requirements. Exports of these products to other EAEU member states will be restricted until November 15, 2030. The second category covers round graphite electrodes used in industrial furnaces....
Grow with
AL Circle
Germany’s automotive industry generates a large amount of aluminium scrap. Every year, the country exports around 1 million tonnes of scrap and it tends to grow year on year. According to the global export-import data, Germany had exported 1.05 million tonnes of aluminium scrap in 2016, which further grew by around 2 per cent in the subsequent year to 1.07 million tonnes. This year is estimated to prove no exception and extend a growth of 8.4 per cent to 1.16 million tonnes. Some of the major scrap suppliers in Germany are WMR Recycling, Harita Metals Co, ScholzAlu Stockach GmbH, and TSR Recycling GmbH & Co. KG. Germany also imports some good amount of aluminium scrap for its domestic industry. But this year the amount is estimated to stand down by 1 per cent at 782,516 tonnes, compared...
The directors of Limerick Alumina Refining Ltd (LARL) that operates the Aughinish Alumina refinery in Limerick, Ireland have stated that its status as a sanctioned entity constitutes a material uncertainty that may cast significant doubt on the refinery’s future. Limerick Alumina Refining Ltd (LARL) is a wholly-owned subsidiary of United Company Rusal. The future of Aughinish has been put into doubt six months back by the US Department of the Treasury's OFAC sanctions on Deripaska and eight companies, including Rusal. The refinery has continued to operate at full capacity while managing the impact of supplies after the extension by US Treasury. Last week, the directors of LARL filed the accounts showing that alumina price increase in last year contributed to the firm recording pre-tax...
Hindalco Novelis, the leader in aluminium rolling and recycling, has reported results for the second quarter of fiscal 2019 and reported net income of $116 million. Excluding special items, net income increased 56% YoY to US$122 million. Adjusted EBITDA increased 18% YoY to US$355 million. The increased EBITDA is attributed to the continuous efforts to optimize the investments made to increase rolling, automotive finishing and recycling capacity. It was further supported by favourable market conditions. Net sales increased 12% YoY to US$3.1 billion and the increase is attributed to higher average aluminium prices, higher total shipments and a favourable product mix. Shipments of flat rolled products increased one per cent to a record high 807 thousand tonnes. "Continued strong customer...
According to a report by BusinessLine , billionaire Anil-Agarwal-owned Vedanta has imported some 12.69 lakh tonnes of alumina this year between April and August while on the other hand, over 3000 small and medium enterprises together imported 5.41 lakh tonnes of aluminium scrap as raw material for making aluminium. This marks higher import of alumina by Vedanta than the total amount of scrap shipped in by recyclers. But despite that, Vedanta has been advocating a hike in customs duty on aluminium scrap, along with two other primary aluminium producers Hindalco Industries and Nalco. They have reportedly moved the government as well to hike the import duty on scrap from the existing 2.5 per cent to 10 per cent. Recently, Agarwal even went on record demanding the hike claiming that India was...
The US dollar retreated from multi-month highs on Thursday while the pound rose the most in nine months on reports that London is close to a financial services deal with Brussels. Most LME and SHFE base metals ended in the black overnight and aluminium dipped 0.1%. LME aluminium closed Thursday's trading at US$ 1961 per tonne, slightly lower than the day before. While the aluminium contract reversed some gains it made on dips in the dollar, it continued its three-day losing streak and ended in the black overnight. Positive momentum from the US-China talk and gains in US stocks might grow risk sentiment among investors. LME aluminium is likely to trade at US$1,960-2,000 per tonne today. As on November 1, Thursday, LME aluminium cash (bid) price stood at US$ 1959 per tonne, LME official...
According to the data by Shanghai Metals Market, 6063 aluminium billet inventories across five major consumption areas in China extended a week-on-week decline by some 2,400 tonnes over the weekend ended on Thursday, November 1, to stand at 141,100 tonnes. The reason for this plunge could be enthusiastic transactions among downstream purchasers. In Foshan, Guangdong and Wuxi, Jiangsu, the inventories dropped by some 3,300 tonnes and 1,600 tonnes to stand at 72,900 tonnes and 21,200 tonnes, respectively. Inventories in Nanchang, Jiangxi, on the other hand, surged by around 4,400 tonnes and stood at 17,300 tonnes. For more details, refer to the chart below: Aluminium alloys (ADC12) price also dropped yesterday, on November 1, from RMB 15,450 per tonne to RMB 15,400 per tonne. But today, on...
According to an update by Shanghai Metals Market, a carbon plant in Jiaozuo of Henan province that produces anode for aluminium smelting has been asked to cut one-third of its production capacity from November 1 to November 5, 2018. The city has issued a yellow alert to the plant for heavy air pollution on Thursday November 1. A yellow alert is the third most-severe notice in a four-tier-air-pollution response system in China. It is issued when there is severe pollution for a day or heavy pollution for three consecutive days. However, SMM found that the instruction has been issued to the plant even though it already met ultra-low emission standards. On the other hand, local winter cuts would not affect production across alumina and aluminium producers in Lvliang of Shanxi province, as...
Craft breweries are buying aluminium cans which are 2.5 times larger than the size of a normal beer can because it is helping out their business at a time when cans are scarce. “As soon as we got this machine, our off premise beer sales doubled,” said Willy Truettner, co-owner of Zuni Street Brewing in Denver’s Highlands Neighborhood. According to reports, “Crowlers” are the new 32oz aluminium cans which brewers are now investing in heavily. The cans are cost-effective and helping the breweries sale out beer to new customers faster. Colorado has hundreds of small scale breweries that are feeling the heat due to non-availability of cans. The larger cans are serving as a lifeline to small neighbourhood brewers. They spend most of their marketing costs on bringing more customers to the...
Japanese aluminium company UACJ has removed Rusal from a list of its suppliers for next year due to uncertainty over U.S. sanction against the Russian aluminium giant, according to news published by Reuters. “Given uncertainty over (the U.S. sanctions against) Rusal, we are removing Rusal for now from the list of suppliers from which we plan to procure aluminium ingots next year,” UACJ President Miyuki Ishihara said on Thursday. “But we have secured enough supplies from other sources,” Ishihara said. UACJ, one of the top aluminium rolling product manufacturers, is testing out aluminium produced by other alternative suppliers. Ishihara also suggested that the company may resume procurement from Rusal depending on the sanction’s situation. The U.S. Treasury in April imposed sanctions...
Novelis Inc., the world leader in aluminium rolling and recycling has announced its plan to build a global network of Customer Solution Centers (CSCs). This is aimed at accelerating collaborative innovation between Novelis and automakers for designing next generation cars. Novelis will work with OEMs towards optimizing the use of lightweight, high-strength aluminium to design the best solutions for specific applications at right costs. This will also facilitate better competition against other metals. The facilities will be located close to automakers' manufacturing sites in North America, China and Europe and will be led by leading researchers, designers and engineers. Novelis CSCs will also demonstrate product concepts, simulate customer processes and performance in use, as well as...
Darley Aluminium reportedly introduces a new trickle ventilation system to its range. The new product, named the Darley Ventient trickle ventilation system, is designed in a way to allow fresh air into a space without the need for operable windows. It can ventilate a space even when doors and windows are closed. Besides, the product has a unique capacity to passively manage airflow in response to changing temperature and does not require the electrical power, sensor or human intervention. It is easy to install into a conventional sub-framing system and can withstand strong storm surges and extreme weather conditions and is tested in accordance with AS2047. Darley Aluminium is an Australian company involved in the manufacture and distribution of aluminium extruded products for commercial,...
Ball Corporation announced third quarter 2018 net earnings attributable to the corporation of $59 million on sales of $2.9 billion compared to $48 million net earnings attributable to the corporation on sales of $2.9 billion in third quarter 2017. During January-September 2018 net earnings attributable to the corporation of $303 million on sales of $8.8 billion compared to $215 million on sales of $8.2 billion during January-September 2017. John A. Hayes, chairman, president and chief executive officer said: "Improved third quarter results were driven by strong operational performance in every one of our businesses, as well as lower corporate costs, and were partially offset by a higher effective tax rate and incrementally higher transportation costs and other start-up costs during the...
China’s Zhongwang, the World’s second largest and Asia’s largest industrial aluminium extruded products developer and manufacturer, has reportedly seen a growth in its business performance through the year 2018. In the third quarter ended on September 30, 2018, its sales volume increased from 204,170 tonnes in Q3 2017 to 247,725 tonnes, up 21.3 per cent, and revenue increased from RMB 5,389 million to RMB 7,027 million, up 30.4 per cent. The Gross profit and net profit of the company also surged by 21.2 per cent and 14.6 per cent respectively, from RMB 1,899 million in Q3 2017 to RMB 2,302 million and from RMB 1,084 million to RMB 1,243 million. EBITDA registered a growth as well, from RMB 1,874 million in the contemporary period last year to RMB 2,106 million, up 12.4 per cent. The...
According to trade sources both Vedanta and Hindalco have cut prices of their products on Wednesday October 31. Vedanta Ltd has cut prices of aluminium ingots by more than 1% from October 31, after raising the prices of the same products by over 1%, which came after eight consecutive price cuts. With yesterday’s cut, prices of Vedanta’s aluminium ingots stand at their lowest levels since late August. Rates of these products are now down 2% for the third quarter. The three-month aluminium price in London Metal Exchange has fallen 3% since the start of the month and stood at US$ 1966.50 per tonne on October 31. After the cut, the price for Vedanta aluminium ingot stands at INR 163000 (USD2217.78) per tonne, down from INR 165000 (USD2245) per tonne on October 30. Vedanta generates the...
Egypt exported US$25.9 billion worth of goods around the globe in 2017, up by 15 per cent from 2016 to 2017. The country’s non-alloyed aluminium ingot exports have been logging a year-on-year growth over the last three years. Non-alloyed aluminium is used as a raw material for further downstream processing. The top destination of non-alloyed aluminium ingot exports from Egypt in 2017 was Italy. Egypt's exports of non-alloyed aluminium ingot to Italy stood at 37064 tonnes and amounted to US$76 million last year. Egypt exported a total volume of 39547 tonnes non-alloyed aluminium ingots in 2016, which increased 14 per cent year-over-year to reach an estimated 44887 tonnes in 2017. In 2018, the country is forecasted to export 49535 tonnes of non-alloyed aluminium ingots, up 10.3 per cent...
According to a report by MTI on Tuesday, October 30, a Hungarian consortium is working on ways to recycle alumina refinery residues, also known as red sludge, in a HUF 1.5 billion project supported by the European Union. The R&D project, which will run until 2021, is supported by more than HUF 1 billion in European Union Funding, said project manager Márton Penk. The consortium in Hungary is led by Martin Metals, which deals into recycling by-products from the aluminium industry. The other members of the consortium include University of Pannonia (Veszprém), earthworks and site development services provider Geovol, environmental services consultancy Golder Associates, and applied research institute Bay Zoltán Nonprofit. Every year, Hungary reportedly generates over 50 billion tonnes of red...
One of the world’s largest mining and resources conference, the International Mining and Resources Conference is being held from October 29 to November 1 at Melbourne, Australia, the leading mining hub of the world. The conference is being attended by over 6,000 delegates from more than 90 countries. The event will bring together decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators for four days of learning, deal-making and networking. National Aluminium Company (Nalco) has been designated as the representative organisation to set up an India Pavilion and promote “Make in India” during the event. The India Pavilion is showcasing the achievement of India as a hub for mining and mineral resources, highlighting the aluminium...
The US dollar edged up to a fresh 16-month high against a basket of key currencies on Wednesday as the US economy continued to strengthen, putting the greenback on pace for a seventh straight month of gains. Most LME and SHFE base metals ended in negative territory overnight and aluminium lost 0.5%. LME aluminium closed the day’s trading at a new low of US$ 1946 per tonne. It started recovering at night; however, as the US dollar extended its gains, the contract reversed its earlier gains and dropped to US$1,953.5 per tonne. Finally the contract closed at US$1,955.5 per tonne overnight. It is expected to trade at US$1,940-1,980 per tonne today with a strong US dollar. As on October 31, Wednesday, LME aluminium cash (bid) price stood at US$ 1945.50 per tonne, LME official settlement price...
