Steel and aluminium markets moved in different directions during the third quarter of 2026, with carbon steel prices reaching multi-year highs while aluminium prices softened as expectations for future supply began to normalise. Recent financial results from metals companies, including Constellium SE and Ryerson Holding Corporation, reflect the changing pricing environment and its impact on business performance and market outlooks. Carbon steel prices continued to rally during the quarter, supported by trade policy, tight domestic supply, extended lead times and service centre inventories at multi-year lows, according to metals distributor Ryerson. Demand during the period was also stronger than anticipated. Aluminium prices, however, remained volatile and moved lower as expectations...
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...
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Another step is taken to turn Braidy Atlas LLC $1.6 billion state-of-the-art aluminium rolling mill into a reality. The company has selected Industrial Project Innovation LLC (IPI) to serve as construction manager, with assigned roles like program planning, construction management, project cost, and schedule control among other leadership responsibilities, according to a statement of Russ Braasch in a news release. Conveying his deep gratitude, Russ Braasch, owner and operations manager for IPI further said: “We are honoured Braidy Industries chose us to work with them on the management of such a significant project that will have an enormous positive economic impact on eastern Kentucky." Braidy Atlas will be the first greenfield aluminium rolling mill in the US in 35 years. Company...
Yunhai Metal’s listed company reportedly declared that the company’s controller Mei Xiaoming would like to transfer part of its shares to Baosteel Metal, a subsidiary of Baowu, to which Yunhai will also entrust part of the voting rights. Market participants see this transaction as Baowu’s intention to expand its market shares in a new materials sector and strengthen its position as an automotive sheet supplier, Kallanish notes. According to the announcement, the control of the company may change after the completion of the transaction process. The purpose of this transaction is to accelerate the strategic layout of the company and promote the application of light alloys. However, a formal agreement has not been signed yet. Yunhai Metal’s primary products include aluminium and magnesium...
Norway-based TOMRA Sorting Recycling has announced the launch of a new-generation X-TRACT machine. New X-TRACT features innovative Dual Processing Technology which enhances final purity levels; multi-density channels to enable more precise classification and sorting of materials; and a broad range of application packages. Valerio Sama, Vice President and Head of Product Management Recycling, commented: “With X-ray transmission technology to assess materials according to their density, X-TRACT was already capable of delivering exceptional sorting performance. TOMRA’s innovative and unique Dual Processing Technology adds even more accuracy to material recognition and sorting. There is no other technology on the market like this – and now that X-TRACT is available in a wider range of...
Aircraft wheels demand greater durability, robust corrosion resistance, low maintenance and lighter weight. But the wheels get affected from multiple corrosive elements like carbon dust and are susceptible to damage from high impact and fatigue loads. Dutch Kipp, engineering director for Landing Systems at UTC Aerospace Systems (UTAS) in Troy, Ohio discusses about the company’s R&D into new generation aircraft wheel construction. Kipp reports that the primary structure of an aircraft wheel is constructed with closed-die aluminium forgings made from aluminium alloy 2014. However, it offers poor corrosion protection and the company is working on developing improved aluminium alloys for aircraft wheels. UTAS is pursuing a new silver-based aluminium alloy in collaboration with the OEM’s...
Besides fish and tourism, aluminium is emerging as one of the significant industries in Iceland. According to the report, aluminium had a share of about 16 per cent to the country’s total export in the year 2017. There were three plans in operation with a total capacity of over 800,000 tonnes per year, putting Iceland at the 11 th place among aluminium-producing nations worldwide. The presence of abundant electrical power due to Iceland's geothermal and hydroelectric energy sources has led to the growth of this manufacturing sector. This indicates the significant of alumina import for the country which is entirely dependent on alumina to feed its smelters. According to the global export-import data, Iceland in 2018 is estimated to import around 1.713 million tonnes, up 1.54 per cent from...
MYTILINEOS S.A. announces the agreement for the acquisition of a 97.87% stake in EP.AL.ME. S.A. (Aluminum Processing – Metal Industry), a Company that operates in industrial production, processing and trading of metals, mostly aluminium alloys and derivative products. EP.AL.ME. was founded in 1973 and is the largest independent producer of recycled (secondary) aluminium in Greece. Over the years, the company has established itself, both in Greece and abroad, by adapting its production to high quality standards and needs of international clients, as well as the needs of Greek businesses, whose sales to a large extent, are diverted to export market. Based on its long-term know-how and highly trained staff, and through the optimal processing of aluminium scrap, the company has the capacity...
Repak, Ireland’s only government-approved packaging recycling scheme, announced the recycling rate for aluminium drinks can in Ireland continued upward trend in 2017. The latest data showed that more than 7 out of 10 aluminium drink cans sold and consumed in the country in 2017 were collected for recycling. The data provided to Repak by both its members and registered packaging collectors and recyclers, shows that 7,297 tonnes of aluminium drinks can were collected for recycling last year, the highest rate of cans recycling since Repak began recording data in 2006. The figure was up 54% from 4,728 tonnes in 2016. Last year saw the relaunch of the Every Can Counts’ drinks can recycling programme in Ireland. The programme, managed by Alupro Ireland and funded by the aluminium suppliers,...
According to the latest report released by China’s National Bureau of Statistics (NBS) on October 22, China’s alumina output in September increased by a healthy 8.2% year on year to 5.81 million tonnes. The volume also recorded a 3.9% growth month on month from August output of 5.59 million tonnes. With the increased September output, the total alumina production during the first nine months of 2018 stands at 50.57 million tonnes, registering a growth of 3.4% from the same period of 2017. The on-month increase seems to relate to the climb in alumina prices last month, driven by the temporary closure of Hydro’s Alunorte alumina refinery in Brazil and uncertainties surrounding U.S. sanction on Rusal. September average spot alumina price (RMB/t) The monthly average spot price for domestic...
South Africa’s Department of Trade and Industry (DIT) announced yesterday, October 24, about its receipt of exemption on 161 aluminium and 36 steel products from the US aluminium and steel imports under Section 232 tariffs by the Commerce Department. The product exemptions are reportedly applicable only to those companies whose buyers in the United States had made requests to the Commerce Department for an exemption from the Section 232 duties. For aluminium, the products exempted include aluminium foil and plate, and sheet and strip. This move is expected to contribute towards securing jobs in companies producing these products. Minister Rob Davies has extended his gratitude to the South African and US companies, as well as Members of Congress that had lobbied for the exemption of South...
The US dollar strengthened against the euro on Wednesday after European data signalled that economic growth could be waning across the Eurozone. Both LME and SHFE base metals ended in mixed performance overnight. As the dollar strengthened, LME aluminium closed the European trading session lower at US$ 1987.50 per tonne on Wednesday. The contract continued to make losses during Asian trading sessions and tumbled to US$1,996 per tonne overnight, the lowest in close to six months. It rebounded slightly by closing time and settled at US$2,004 per tonne. It has closed lower for six consecutive trading days. The contract is likely to trade at US$1,990-2,020 per tonne today. As on October 24, Wednesday, LME aluminium cash (bid) price stands at US$ 1987 per tonne, LME official settlement price...
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 45,000 tonnes from Thursday October 18 to stand at 1.538 million tonnes as of Thursday October 25, Shanghai Metals Market data showed. High costs and cash flow issues drove domestic producers to cut aluminium production and this accounted for the decrease in inventories of primary aluminium. In some of the Chinese cities like Wuxi, Shanghai and Nanhai, Gongyi the inventories declined over the week. In Wuxi and Jiangsu, the inventory stood at 669,000 tonnes; in Shanghai and Nanhai, Guangdong, the inventory came in at 348,000 tonnes and 230,000 tonnes respectively. In Gongyi, Henan, the inventory declined to 91,000 tonnes. The current inventory status in the...
Norwegian aluminium and renewable energy company Norsk Hydro ASA announced the financial and production results for the third quarter and first nine months of 2018. As per the report, the company’s revenue for the third quarter stood at NOK 39766 million, up 74 per cent from NOK 22799 million in Q3 2017, but stood 4 per cent down from NOK 41254 million in Q2 2017. In the first nine months of 2018, the revenue was at NOK 120,991 million, compared to NOK 70,416 million in the same period last year. Underlying EBIT for primary aluminium declined compared to the third quarter last year due to higher raw material and fixed costs, partly offset by higher all-in metal prices. In addition, there was a positive contribution from the sale of excess power following the production curtailment of the...
Volkswagen Group has started construction of its electric vehicles plant in a joint venture with SAIC Motor Corp. in Shanghai. The US$2.5 billion factory will start production of electric vehicles based on VW’s MEB platform in 2020. According to the company update, the plant will build EVs and battery systems for the Volkswagen, Audi and Skoda brands, with a full capacity to produce 300,000 vehicles annually. The factory’s first EV will be a Volkswagen-badged SUV to be launched in China in 2020. The new plant will be VW’s second production site for EVs derived from the MEB platform. In June, the Volkswagen Group completed expansion of its plant at south China city of Foshan which it runs with China FAW Group Corp and doubled the factory’s annual production capacity to 600,000 vehicles....
On releasing Norsk Hydro’s third quarter results, the company’s president and CEO Svein Richard Brandtzæg said, "The third quarter reflected our continued challenges at Alunorte and increased raw material costs, while higher aluminium and alumina prices, as well as strong Energy results, contributed positively. The market for aluminium is tightening, and we expect the 2018 global primary market in deficit." Underlying earnings before financial items and tax increased to NOK 2,676 million in the third quarter, up from NOK 2,446 million in the corresponding period last year, reflecting higher all-in aluminium and alumina prices, positive currency effects and strong contribution from the Energy business area. But continued production curtailment at the Alunorte alumina refinery and increased...
According to China Customs data, China's exports of alumina increased more than fivefold from August to 166,000 tonnes in September, the highest monthly volume in 2018. Net exports of alumina in September stood at 136,000 tonnes. The country's year-to-date exports of alumina exceeded imports for the first time this year. China exported 539,000 tonnes of alumina in the first nine months of 2018. Net exports of alumina during January-September stood at 134,000 tonnes. September’s exports were mostly from contracts signed in July and August, given a backlog of cargoes at ports, reports SMM. China, historically a net importer of alumina, imported 30,000 tonnes of alumina in September, customs data said. Shanghai Metals Market expects the net exports to sustain in the rest of the year, as more...
The US dollar fell on Tuesday after Wall Street opened lower, spurring a risk-off move that benefited the safe-haven Japanese yen and Swiss franc against the greenback. Both LME and SHFE base metals ended in mixed performance overnight. LME aluminium lost 0.35%. LME aluminium fluctuated and posted a five-day losing streak on Tuesday with pressure at the five-day moving average. The light metal contract dipped below US$2000/t level and settled at US$ 1997 per tonne on Tuesday. It is expected to trade at US$2,000-2,030 per tonne today. As on October 23, Tuesday, LME aluminium cash (bid) price stands at US$ 1996 per tonne, LME official settlement price stands at US$1997per tonne; 3-months bid price stands at US$ 2015 per tonne, 3-months offer price is US$2016 per tonne; Dec 19 bid price...
Automotive components manufacturer Sundaram-Clayton Ltd (SCL) has opened a new machined castings foundry at Oragadam, near Chennai, in Tamil Nadu. The new facility, which was inaugurated by Young Key Koo, Managing Director and CEO of Hyundai Motor India Ltd, has been established with an investment of over INR150 crore With production capacity of 8,000 tonnes, the new machined castings foundry will meet the growing demand for company’s products from the automotive industry and will primarily serve Hyundai Motor. "At SCL we are committed to work as closely with the customer as possible,'' said Lakshmi Venu, the Joint Managing Director of SCL."This facility reinforces our drive to serve our customers by cutting down supply times because of the proximity to their factories and gives us a...
According to the latest update from Shanghai Metals Market, the A00 aluminium ingot price again sees a rise today, on October 24, after a slight drop in the previous day. Today, the ingot price is hovering at RMB 14190 per tonne in contrast to RMB 14110 per tonne yesterday. Hence, this marks a growth by RMB 80 per tonne. The average prices are expected to range between RMB 14170 per tonne and RMB 14210 per tonne, with spot discounts reduced by RMB 10 per tonne to RMB 70 per tonne to RMB 30 per tonne. The rise is seen despite the cost restraint of alumina at RMB 3040 per tonne from October 18 to October 23, SMM found. However, bauxite price on the other hand, according to the last update on SMM on October 22, has seen a rise and hovering at RMB 590 per tonne. Other input prices such as...
