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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Kentucky Gov. Matt Bevin expects the state of Kentucky to become a center for excellence in engineering and manufacturing, partially on the successes of a booming aluminium industry. Kentucky produces about 40 per cent of the aluminium produced in the U.S. Already, 40 percent of the aluminum produced in the U.S. is made in Kentucky and it has all the potential to become a prime location for downstream industry that fabricates aluminium into cars, trains, airplanes, home appliances, electronics and many other applications. "There’s no state in America that has attracted more aluminum mills, steel mills, smelters (or) foundries than has Kentucky in the last couple of years," Mr Bevin said. "Because, if we can get them here and we can produce the raw materials here, then the people who heat...
The dollar edged up on Friday, reflecting investor confidence in the US economy, despite criticism by President Donald Trump of the Federal Reserve and a sell-off in US equities. LME base metals ended mixed on Friday. LME aluminium contract gained after three consecutive falls and closed the day’s trading at US$ 2045 per tonne on Friday, October 12. LME aluminium retreated from early highs to close at US$2,030.5 per tonne overnight. Shanghai Metals Market expects LME aluminium to trade at US$2,010-2,050 per tonne today. The US Treasury announced on Friday that it would push back until December 12, 2018 a deadline to wind up contracts and business with Rusal, from the previous date of November 12. This is likely to weigh on aluminium prices today. As on October 11, LME aluminium cash (bid)...
According to the data by Shanghai Metals Market, A00 aluminium ingot price in China has recorded a plunge today, on October 15, by RMB 70 per tonne to stand at RMB 14080 per tonne to RMB 14120 per tonne. This marks a drop in ingot price for the past 4 days in a row. After a hike on October 9 to RMB 14480 per tonne, the ingot price has been registering a fall since Wednesday, October 10. The first plunge was by RMB 40 per tonne, followed by RMB 210 per tonne on October 11 and then by RMB 20 and RMB 70 per tonne on October 12 and 15, respectively. Today, the average prices are expected to range between RMB 14080 per tonne and RMB 14120 per tonne, with spot discounts to settle at RMB 30 per tonne to RMB 10 per tonne. In the east and south, the A00 aluminium ingot prices have also dropped by...
Vedanta Resources has released the production results of alumina for the second quarter and half year ended 30th September 2018. The alumina production in the Lanjigarh refinery grew in both Q2 FY 2019 and H1 FY 2019. The Lanjigarh refinery produced 348,000 tonnes of alumina in Q2 FY2019, an increase of 30 per cent from Q2 FY 2018 total of 269,000 tonnes. The increase was mainly due to due to debottlenecking and Odisha bauxite sourcing from Odisha Mining Corporation (OMC). The alumina production was 7 per cent higher quarter on quarter due to Odisha bauxite sourcing from OMC. The company said improved captive alumina production and indigenous bauxite are keys in our efforts to drive the aluminium costs lower. The alumina production from Lanjigarh refinery stood at 673,000 tonnes in H1 FY...
On Friday, October 12, Hydro declared its plan to install a 4,500-tonne 10” aluminium press line at Cressona, Pennsylvania. The aim is to serve the traditional automotive and distribution segments. Hydro also announced to install a 7,000-tonne dual container 12”/14” press line in the West region to serve the electric vehicle, transportation, and commercial building and construction segments. Jack Pell, Vice President of Automotive Business Development for Hydro Extrusion North America, said: “We are very excited about Hydro’s continued investments in North America.” “This new equipment merges state-of-the-art billet heating and quench capabilities with larger billet diameters and enables us to produce larger extruded aluminum shapes with thinner walls from stronger alloys – the ‘holy...
A joint study that Hydro has carried out with Forschungsgesellschaft Kraftfahrwesen mbH in Aachen (fka) and School of Design Pforzheim, related to aluminium use in urban vehicle concepts, clearly demonstrates aluminium’s strong position in vehicles of the future. The study was presented just last month at Aachen Body Engineering Days 2018. Hydro participated with engineering expertise from three of its business areas: Extruded Solutions, Primary Metal and Rolled Products. “This is a great example on how our customers and society can profit from Hydro being a completely integrated company with expertise along the whole value chain,” says Pascal Wagner, head of global products for Hydro’s Rolled Products business area. “This project has given us the ability to promote our broad product...
Vedanta Resources has published production results for the second quarter and half year ended 30th September 2018. The company reported record quarterly aluminium production at 494,000 tonnes in Q2 FY2019, registering a growth of 23% YoY and 3% higher QoQ. This was attributed to production ramp up at the Jharsuguda-I smelter which was completed in Q3 FY2018 and ongoing ramp-up of Jharsuguda II smelter. At Jharsuguda II, Line 3 has progressively ramped up with 303 out of 336 pots operational by quarter end as compared to 245 pots at the end of Q1 FY2019. Line 4 continues to be under evaluation. Stabilised aluminium production which excludes trial run production stood at 476,000 tonnes in Q2 FY2019. In H1 FY2019, aluminium production increased 30% YoY to 976,000 tonnes. The growth was...
The production of aluminium slugs starts with loading furnaces with raw aluminium in the form of aluminium ingot, followed by a hot/cold rolling process, stamping, annealing, surface finish, and selection and packaging. Aluminium slugs are eco-friendly and recyclable and thus, successfully securing a key position in various industries like packaging, where they are impact extruded to make extruded aerosol cans, automotive cans, aluminium collapsible tubes and more. Healthcare, paint, food & beverage, pharmaceuticals, and many other industries, at the same time, are also looking at an increasing use of aluminium slugs owing to rust resistance property and lighter weight that further give an advantage over other types of metal slugs and extended the scope for the global market, including...
Trade and commercial fabricator Astraseal has reported a surge in demand for Alitherm 800, their innovative aluminium flush casement window. The Wellingborough-firm has seen sales going up since the launch of this special product last year, becoming one of their fastest growing and most popular products. Alitherm 800 was appreciate in the market for its authentic design that combined smooth flush aesthetics with a slimline transom mullion profile. “The response we’ve seen so far for our new aluminium flush casement has been absolutely incredible, it’s such a strong validation of both the quality and the credibility of the system,” comments Colin Stanley, Operations Director at Astraseal. “In less than a year, the Alitherm 800 has become one of our best-selling products, a feat I can only...
Community retailer Scotmid Co-operative has introduced their first-ever reverse vending machine to encourage customers to recycle soft drink cans and plastic bottles. The eco-friendly scheme, called ‘Recycle and Reward’, has been launched for a three-month period in Scotmid’s South Queensferry store. Customers can return plastic and aluminium soft drink containers and receive rewards in exchange. TOMRA Sorting, a leading partner for reverse vending solutions for collecting, reusing and recycling cans and bottles, has manufactured the reverse vending machine. “We’re delighted to bring our 40 years of knowledge and machine innovation to Scotmid Co-operative to support this exciting initiative in the beautiful town of South Queensferry,” TOMRA UK MD Truls Haug said. Scotmid Chief Executive...
Project generator Altus Strategies has agreed to sell off its 50% stake in the Birsok bauxite project in Cameroon. The company generated £3 million (US$3.96 million) in shares and a US$1.50 per tonne royalty. Canyon Resources bought the 50% stake in the project and became the existing joint venture partner on the Cameroonian bauxite project. The company’s strategy is to develop early stage projects, put them into joint ventures and sell out to make profit. The CEO Steve Poulton expressed his pleasure at the success of the strategy. "Our agreement with Canyon further validates our project generator business model, generating returns from exploration, while growing a portfolio of potential high value royalty income streams," he said. Altus expects the sale agreed upon through a letter of...
On Thursday, October 11, Quaker spokesman declared that the company would build a factory to manufacture aluminium windows, for the application in commercial purpose. The Missouri-based window products manufacturing company Quaker was founded in the year 1949 and since then had been manufacturing wood, vinyl, and aluminum windows and doors. It offers windows and doors of various types including awning, casement, double hung, hopper, picture, single hung, slider, geometric, and specialty windows; and swinging, sliding, and folding doors. The construction of the new aluminium window producing plant would likely begin this winter and expectedly complete the year next. The total cost estimated to build the plant is around US$ 65 million, which on completion would likely create 300 new jobs....
The UAE, one of the top importers of petcoke, is set to witness a rise in its total petcoke import in 2018. The country’s petcoke imports will grow 22 per cent on a yearly basis to reach 781,948 tonnes in 2018. In 2017, petcoke import totalled 638992 tonnes, down 13 per cent from the previous year, according to recent estimates. Petcoke or petroleum coke, a by-product of the oil refining process, is a significant fuel for the power generation and aluminium smelting industries. Calcined petcoke, which is obtained by further heat-treating petroleum coke, is used to manufacture anode used in the electrolysis reduction process of aluminium smelting.The aluminium production process requires around half a tonne of carbon for every tonne of metal produced. According to global import-export data,...
U.S. President Trump's trade war on China that he initiated three months ago is exerting pressure in the auto market in China. The trade war will continue to weigh down on vehicle demand in China unless the bilateral trade disputes with China is resolved at the Group of 20 Summit next month in Argentina. The total new vehicle sales numbers for September haven’t been released, but most of the automakers posted sharp declines in sales last month indicating the downturn in the Chinese car market. Only a handful of carmakers like Toyota Motor Corp. and Greely Automobile Holdings managed to maintain growth in September. General Motors and Volkswagen Group, the two largest carmakers in China posted significant decline in sales. GM told Bloomberg that its local deliveries fell 15 per cent in the...
The dollar fell to low in two weeks on Thursday against a basket of currencies as traders pared greenback holdings on lower US Treasury yields and further losses on Wall Street. A weaker-than-forecast rise in US consumer prices in September also reduced bets for a faster pace of interest rate. LME aluminium continued downward trend and closed at US$ 2024 per tonne on Thursday October 11. The contract fluctuated to a six-day losing streak and notched a new low in three weeks on Thursday. Its weekly KDJ lines expanded downwards but support remained at US$2,000 per tonne. The contract is likely to trade at US$2,010-2,050 per tonne today. As on October 11, LME aluminium cash (bid) price stands at US$ 2023.50 per tonne, LME official settlement price stands at US$ 2024 per tonne; 3-months bid...
Australian Bauxite Ltd (ASX:ABX) marketing and investor relations manager Julie Young speaks to Proactive Investors about the bauxite producer’s operations and the development of its patented process technology. The patented technology is held by ABX subsidiary ALCORE Limited and can convert raw bauxite – which sells for about US$50 a tonne – to high-grade products, which command a price of about US$1,000 per tonne. “With ALCORE, we have 4 interested customers – we’ve proceeded to a production plant for ALCORE and we will be sending out at the end of year samples to our 4 interested parties for them to be able to assess our product which is basically aluminium fluoride,” Young says. She continues, “aluminium fluoride is utilised in aluminium smelters and also will be utilised in...
According to the latest update from Shanghai Metals Market, China’s alumina production in September grew 3 per cent year-on-year to stand at 5.95 million tonnes; while the total output during January-September came in at about 52.11 million tonnes, up 1.9 per cent from the same period last year. Daily output averaged at 198,000 tonnes in the same month, up 3.8 per cent from August, as higher profits encouraged southwestern refineries to raise production. Refineries in Shanxi and Henan provinces, at the same time, resumed operation from cutbacks or maintenance which as a whole boosted the overall production. SMM expects daily output to extend further growth in China by 2 per cent than the previous month, as production has resumed at State Power Investment Corp Shanxi Aluminium and new...
Ball Corporation, a leading beverage can maker with production facilities around the globe, has announced its intention to cease production at its beverage packaging plant in San Martino, Italy by the end of December 2018 and only after due negotiation with the trade union. Ball Corporation will supply its products to its customer through other facilities in Europe. "Given the market environment in Italy, we need to ensure that we remain cost competitive for the long term," said Colin Gillis, President, Ball Beverage Packaging Europe. "While closing a plant is always a difficult decision, our goal is ensuring the long-term success of the business for all of our stakeholders, including our 3,600 employees in Europe." The San Martino packaging plant, which was built in 1981, employs...
