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....
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According to Aluminum Association, demand for aluminium semi-fabricated (mill) products in the United States and Canada (domestic shipments plus imports) was up 1.6 per cent YoY to an estimated 790,000 tonnes in August. YTD semi-fabricated demand stood at 6.1 million tonnes, up 2.3 per cent from the same period of 2017. Shipments of aluminium extruded products increased 2.9 per cent to 240,000 tonnes in August. However, aluminium extrusion shipment in September registered a drop over August 2018. Shipments of Aluminum Extruded Products (extruded shapes, pipe & tube, and rod & bar) by U.S. and Canadian producers totalled 204,116 tonnes during September 2018, a rise of 1.3 per cent over the September 2017 total of 201,531 tonnes. Compared to the previous month, shipments decreased 7.9 per...
Gränges, a supplier of rolled aluminium products for heat exchanger, presented interim results for the nine months 2018. The company’s sales volume increased to 287.5 ktonnes (286.5). Net sales stood at SEK 9,836 million (8,701). Adjusted operating profit stood at SEK 813 million (754), up 7.9%, while adjusted operating profit per tonne increased to 2.8 kSEK (2.6). Profit for the period increased to SEK 539 million (500) and includes SEK –64 million of items affecting comparability and profit from joint ventures of SEK 22 million. Cash flow before financing activities decreased to SEK 398 million (530) and includes capital expenditure of SEK 524 million (180) and an increase in working capital of SEK 165 million due to US sanctions against one of Gränges’ aluminium suppliers. Gränges CEO...
Aluminium can and tabs recycling is not only helping the environment but also serving a number of social causes. The Fairchild Medical Center Auxiliary is now collecting tabs from soda cans to help raise money for dialysis patient treatment. The collected tabs are taken to the Rogue Valley Dialysis Center in Medford, Oregon. The hospital sends them to be recycled and the money generated by the recycling goes into the Rogue Valley Dialysis Patient Trust Fund. The fund is used to provide emergency assistance to dialysis patients in southern Oregon in confidential manner. The effort to collect the tabs stopped a few years ago because there wasn’t a volunteer available to take the tabs to Medford and recently, the drive has been restarted as said by FMC Auxiliary volunteer Robin Watson. “We...
Herbert Smith Freehills (HSF) advised ITOCHU Corporation on its $250m sale of its 5% stake in a bauxite mining and alumina refinery in Western Australia. The Japanese general trading company sold its interest in the Worsley Alumina project near Boddington to Press Metal Bintulu, which is 80% owned by Malaysia’s Press Metal Aluminium Holdings Bhd and 20% owned by Japan’s Sumitomo Corp. Worsley is one of the largest and lowest-cost alumina producers in the world. Partner Ian Williams, HSF’s Australia Japan practice head, led the deal team. He was supported by senior associates Natalie McDowell and Melissa Swain-Tonkin; solicitors Jenna Wong and Daniel Lau, and graduate Tatsuki Shiratsuchi. “This deal is another great example of the high level of cross-border investment that we are seeing...
Aluminium Bahrain (Alba) has secured a long-term agreement with Italian fluorochemicals producer Fluorsid S.p.A. for the supply of smelter grade Aluminium Fluoride (ALF3). Fluorsid will meet the bulk of Alba’s yearly ALF3 requirements for its annual metal production. Alba said the deal comes as part of company’s Line 6 Expansion project, the world’s largest smelter with a total production of 1.5 million metric tonnes with the ramp-up of Line 6. Alba’s Chief Executive Officer Tim Murray said: “Alba has a long-strategic partnership with Fluorsid spanning over decades. We are pleased to know that Fluorsid is establishing its regional warehouse in Bahrain and closer to Alba plant. This agreement will strengthen our collaborative relationship and enable us to continue to offer the best value...
Juan Carlos Baker, Mexico’s deputy commerce minister said that Mexico won’t sign the new North American free trade agreement (USMCA) unless the U.S. removes steel and aluminium tariffs on Mexico and Canada. Lawyers are finalizing the text of the United States-Mexico-Canada Agreement and the three countries are expected to sign the document on Nov. 29 or Nov. 30. However, Mexico insists on removing the tariffs before the signing of the agreement. Echoing what the Canadian counterpart had said, Baker said Mexico won’t agree to any quota system on imports as proposed by the U.S. He made the statements during a meeting hosted by Canada in Ottawa on reforming the World Trade Organization. The trilateral trade agreement was struck before a deadline imposed by the U.S. Congress. The Prime...
Following the request by the aluminium industry to increase import duties on both primary aluminium and aluminium scrap, the Indian government is now reportedly thinking to take it into consideration, sources said. The aluminium industry players have demanded a hike in import duties because of the incessant growth in inward shipments of primary and secondary aluminium to India, sources said further. Vedanta Group Chairman Anil Agarwal has also urged the government to increase the import duties to 10 per cent, noting that India is becoming a dumping ground amid ongoing tariff war between the United States and China. Currently, the basic customs duty on aluminium scrap and primary aluminium is 2.5 per cent and 7.5 per cent respectively. Besides, the industry has also urged the government to...
Global automotive aluminium alloy wheel market grew year on year with an average sales growth rate of 4.2 per cent. The industry is expected to increase at a high growth rate in the next few years. {newsStudioGallery} According to the China Association of Automobile Manufacturers (CAAM), the country exported 727,800 tonnes of automotive aluminium alloy wheels during January-September 2018, an increase of 5.8 per cent YoY, compared to 687901tonnes during January-September 2017. China’s CITIC DICASTAL manufactures aluminium alloy wheel and chassis components for the automobile industry. The company provides casting, forging, and spinning services for wheels. Last year, Qinhuangdao SINOLION Investment Holdings and CITIC Dicastal had started operations of their co-invested aluminium alloy...
European aluminium industry was reeling under pressure when Trump decided to place strict tariffs on imported steel and aluminium in March. However, a Wall Street Journal report says, European aluminium companies have not yet felt much pain over the tariffs. Imports still account for majority of aluminium consumed in the U.S., according to the U.S. Geological Survey. Norway’s Norsk Hydro ASA, one of the world’s largest aluminium producers, with U.S. operating revenue of NOK 13.2 billion in 2017, said they could pass the tariff through to their U.S. customers. According to company spokesperson Halvor Molland the company hasn’t seen much impact from the tariff. Christian Wellner, executive board member of Germany’s GDA association of aluminium companies said German aluminium companies are...
Aluminium Corporation of China Limited, known as Chalco, officially announced on its website on Monday, October 29, that it started the construction work of its Boffa bauxite mine in Guinea. According to the Reuters report, the company held the groundbreaking ceremony on Sunday, October 28, at morning local time in Guinea. As per the plan, the first phase of the project will produce 12 million tonnes of bauxite in a year, which will go to Chalco's alumina refineries in Shandong and Guangxi. Upon full operation, Chalco is expected to be capable of providing 75 per cent of bauxite as raw materials. The Boffa mine has an estimated 1.75 billion tonnes of bauxite reserves, allowing sustainable exploitation for over 60 years, Chalco said. At the beginning of June Chalco had entered into an...
Last Friday, the Aluminum Association’s Transportation Group (ATG) submitted comments urging the National Highway Transportation Safety Administration (NHTSA) and the Environmental Protection Agency (EPA) to pursue data-driven decision making in its final vehicle fuel economy rulemaking. The comments emphasized the proven track record of vehicle mass reduction safety, supported continued year-over-year fuel economy improvements and called on the agencies to maintain One National Program to avoid protracted litigation. The docketed comments are in response to the proposed Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for Passenger Cars and Light Trucks, Model Years 2021-2026. “The agencies rightly recognized greater use of high strength, low weight materials – especially in larger...
The dollar edged higher against the euro on Monday. The dollar added to recent gains against other major currencies, supported by robust US consumer spending data on Monday. Both LME and SHFE base metals ended in negative territory across the board overnight. LME aluminium closed Monday’s trading at US$ 1980.50 per tonne, higher from Friday’s closing price of US$ 1961 per tonne. Then the contract ended near its day-lows of US$1,978 per tonne overnight. It is likely to remain weak today with a trading range of US$1,980-2,010 per tonne. As on October 29, Monday, LME aluminium cash (bid) price stood at US$ 1980 per tonne, LME official settlement price stands at US$ 1980.50 per tonne; 3-months bid price stands at US$ 2000 per tonne, 3-months offer price is US$ 2000.50 per tonne; Dec 19 bid...
Aluminium extrusion company Exlabesa Extrusions has made an investment in a 35 MN extrusion press to upgrade its Doncaster, UK factory. The new 35 MN extrusion press will replace its existing 20 MN extrusion press. The press will be used primarily to extrude profiles for automotive, architectural and industrial applications from aluminium billets with a diameter up to 254 millimetres and a maximum length of 1,400 millimetres. Fernando Quinta, Director at Exlabesa Extrusions Doncaster said: “This investment will enable us to upgrade our plant and continue to deliver the outstanding quality our growing customer base relies on.” Commissioning of the extrusion press in Doncaster is planned for the beginning of 2019. With this new extrusion press, Exlabesa Extrusions Doncaster will improve...
After a rise over the weekend in A00 aluminium ingot price from RMB 14090 per tonne to RMB 14120 per tonne, today, on October 30, it again registered a drop by RMB 90 per tonne to stand at RMB 14030 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14010 per tonne and RMB 14050 per tonne, with spot discounts at RMB 70 per tonne to RMB 30 per tonne. Over the last two weeks it was found that the primary aluminium price had dropped at almost every alternate day. The maximum drop it registered towards the beginning of the month after the market opened post National Day Holiday. Between 10 th of October and 15 th of October, the aluminium price plunged straight from RMB 14480 per tonne to RMB 14100 per tonne, according to SMM. Since then, the price...
Emirates Environmental Group (EEG) brought the nation together on Saturday, October 27, for its annual can recycling campaign for the 22nd year in a row. The yearly event registered a total collection of 313,352 kg of used aluminium cans during this period. This year the Can Collection Drive saw 160 organizations and families from all the emirates of UAE participating in the can collection drive. The combined effort of various hotels, families, academic institutions and corporations contributed about 4,125 kg of used aluminium cans ready to be recycled. EEG has so far achieved 55 per cent of its annual target in 2018, and has urged all sectors of the society to help achieve the set target of 28,000 kg by the end of 2018. Habiba Al Marashi, Chairperson of Emirates Environmental Group...
Given the fact that aluminium cables and conductors are largely replacing copper as principal medium for carrying electricity over the last five decades, world aluminium wire rod usage is estimated to have increased 5.87 million tonnes in 2014 to about 6.26 million tonnes in 2017 and further to 6.45 million tonnes in 2018. Aluminium wire rods are used as a raw material for making aluminium cables and overhead conductors that yield excellent mechanical and electrical cable properties. The increasing demand for aluminium cables and overhead conductors is primarily driven by the rapid urbanisation, faster growth of the building and construction sector, electrical transmission, and distribution networks. During this phase of time when the demand and use of aluminium wire rod, wires, and...
Gränges,a global supplier of rolled aluminium products for heat exchanger applications and other niche markets, announced it will invest SEK 400 million to improve efficiency and expand the production facility in Finspång. Finspång facility, which produces advanced aluminium materials for heat exchangers to the automotive industry, will increase capacity by 20 thousand tonnes to 120 thousand tonnes per annum. The project is expected to be completed in the second half of 2021. Gränges CEO Johan Menckel said: “By streamlining and expanding the facility in Finspång, we create opportunities for a clear improvement of operating results in our European operations. We also take important steps forward in our sustainability efforts by reducing transports and converting from diesel to electric...
Aluminium products manufacturer Constellium published results for the third quarter and nine months of 2018. For the third quarter of 2018 , the company reported total shipments of 379 thousand tonnes, up 1% YoY on higher shipments in Automotive Structures and Industry and Packaging and Automotive Rolled Products segments. Revenue stood at €1.4 billion, up 12% YoY due primarily to higher aluminium prices and improved price and mix. Net income stood at €217 million compared to net income of €21 million in Q3 2017 and adjusted EBITDA stood at €114 million, up 2% YoY. For the first nine months of 2018 , total shipments increased 3% YoY to 1.2 million tonnes. Revenue stood at €4.3 billion, up 8% YoY. Net income stood at €248 million compared to net income of €49 million in the first nine...
