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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Material research from Hydro has led to the development of a new high-performing aluminium alloy for applications that require high-strength aluminium solutions. The alloy will be particularly useful for next-generation cars, where weight and cost reductions are the key drivers. Developed at Hydro’s innovation and technology center in Finspång, Sweden, the Hydro High Strength 400 aluminium alloy (HHS 400) is unique to the automotive industry and now available for original equipment manufacturer (OEM) qualifications. “In addition to cost and weight reductions, this alloy can help carmakers improve passenger safety in the vehicle,” says Nunzio Cuppoletta, automotive market director for Hydro’s business area Extruded Solutions. High-strength aluminium solutions are important as the...
Alum, the only calcined alumina producer in Romania, will receive USD 25 million loan from the Black Sea Trade and Development Bank (BSTDDB) and Garanti Bank Romania. BSTDB and Garanti Bank will provide USD 20 million and USD 5 million respectively. BSTDDB said the funding will be used to continue the Company’s investments aimed at reducing its carbon footprint, which have begun a decade ago. Earlier, Alum had replaced part of the existing equipment in order to make the production process more efficient and also to be in compliance with the European norms on environment protection. Gheorghe Dobra, CEO of Alum said: “Alum has implemented in the last years an extensive investment programme aimed to increase its energy and processes efficiency while complying with the environmental...
According to the China Customs data, the country in 2017 had exported 5.08 million tonnes of aluminium semi-finished products all around the globe, out of which aluminium extrusion export was at 826,000 tonnes, aluminium plates, sheets, and strips at 2.08 million tonnes, aluminium foil at 1.16 million tonnes, aluminium tubes and pipe at 136,000 tonnes, and aluminium structures at 879,000 tonnes. In 2016, China's total aluminium semi-finished products (aluminium bar, rod, and profile, aluminium wire, aluminium plate, sheet, and strip, aluminium foil, and aluminium tube) exports had stood at 4.07 million tonnes (approx.). This indicates that the aluminium semi-finished products export volume from China increased by around 25 per cent year-on-year in 2017. Industry consultancy CRU observes...
According to a report from Platts, China may add 5-6 million new alumina capacity by the end of 2018, the processing of which has started in the third quarter of 2018. Shandong Xinfa Group was said to have started up 1 million-1.2 million tpy new capacities in Shanxi. Henan East Hope is expected to start up 1 million-1.2 million tpy new capacities next month, also in Shanxi. State Power Investment's 1 million tpy project in Guizhou and Tianshan's 1 million tpy plant in Guangxi were expected to start by the end of 2018. According to a company source, Shandong Weiqiao has completed 1-2 million tpy expansion though it has not been started. They are awaiting proper approvals. Traders expect Guizhou and Guangxi projects to start in Q2 2019. "We heard Xinfa is expected to see first output from...
Century Aluminum of South Carolina, Inc., a wholly-owned subsidiary of Century Aluminum Company, announced that the company has signed a two- year extension of its contract with South Carolina's state-owned electricity provider Santee Cooper. The agreement will allow the Goose Creek, SC plant to continue to operate at half capacity. The US-based aluminium manufacturer said in its press release that the deal with Santee Cooper has a term through December 31, 2020, but can be terminated by Mt. Holly on 120 days' notice. “Under this agreement, Santee Cooper will continue to service 25% of the Mt. Holly load at a standard cost-based industrial rate. The remaining 75% of the power required to serve Mt. Holly is expected to be sourced from a third-party supplier at market prices that are tied...
Novelis, the global leader in aluminium rolling and recycling broke ground on the expansion of its automotive aluminium manufacturing facility in Changzhou, China. The $180 million plant expansion will double the production capacity of heat-treated aluminium sheet by 100,000 metric tons. The expansion was done to meet the growing demand for automotive aluminium sheet in Asia. The facility will be equipped with a high-speed slitter, and a fully automated packaging line for better operation performance. The project is scheduled to be complete in 2020 in line with key customer's vehicle-launch plans and is expected to create another 160 jobs. The expansion will boost Novelis’ innovative aluminium solutions to enable automotive manufacturers to develop the next-generation of safer, stronger...
As reported by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, rose by some 23,000 tonnes from Thursday September 27 and 9,000 tonnes from Monday October 8 to stand at 1.613 million tonnes as of Thursday October 11.China’s aluminium inventories grew in the first week after the National day holiday as shipments delivered during the break arrived at warehouses. In Wuxi and Jiangsu, the inventory stood at 691,000 tonnes; in Shanghai and Nanhai, Guangdong, the inventory came in at 355,000 tonnes and 249,000 tonnes respectively. The current inventory status in the major Chinese cities is as follows: Average A00 aluminium Ingot price plunged by RMB 210 per tonne to RMB 14190 per tonne on Thursday, 11 October 2018. The...
Rio Tinto, an Anglo-Australian multinational and one of the world's largest metals and mining corporations, is reportedly close to recommencing a sale process of its aluminium plant in Iceland, along with some aluminium assets. The aluminium plant in Iceland has been valued at around US$350 million, two sources familiar with the matter reported. The assets, on the other hand, include a 53 per cent stake in a Dutch anode facility and 50 per cent of the shares in a Swedish aluminium fluoride plant, which are ingredients in aluminium production, the sources added. The two sources even intimidated that French investment bank Natixis is helping Rio with the sale. However, Rio Tinto declined to comment on the news and Natixis was not immediately available to make any statement. Norwegian...
The euro and pound rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US bond yields hovered at multi-year peaks. LME base metals, except for tin, fell across the board on Wednesday. LME aluminium fluctuated and posted a five-day losing streak on Wednesday with an extended MACD green line. A relatively firm dollar, 50% capacity resumption of capacity at Hydro's Alunorte alumina refinery and dips in alumina prices overseas accounted for the recent weakness in LME aluminium. Australian alumina FOB price dropped to US$ 550 per tonne today from US$ 600 per tonne on October 9. The aluminium contract is expected to trade at US$2,000-2,060 per tonne today. As on October 10, LME aluminium cash (bid) price stands at US$...
Automotive body parts manufacturer Minth Automotive Europe plans to invest EUR 100 million in the construction of an automotive parts factory in Loznica, Serbia, where it will produce roof base carriers, vehicle covers, aluminium door frames and car batteries. Minth Automotive Europe has signed an agreement with Serbian Economy Minister Goran Knezevic that will employ around 1,000 people. Apart from the Economy Minister, the director of Cheerplan HK Limited, Chin Yong Huon, the director of Minth Automotive, Ching Li Wong, and the mayor of Loznica, Vidoje Petrovic co-signed the agreement. Minth Automotive Europe is a part of Minth Group, one of the leading global suppliers of auto parts for passenger vehicles. The Group mainly exports to Australia, Europe, North America, Japan, and...
Jaguar Land Rover announced that it will close its Solihull plant in Britain for two weeks this month. The decision was driven by 50 per cent decline in China sales as import duties on steel and aluminium and a trade war with the United States curb demand. China's automobile sales have been falling in recent months with the slowing economy. Trade war with the U.S. is also making consumers cautious about spending. "As part of the company's continued strategy for profitable growth, Jaguar Land Rover is focused on achieving operational efficiencies and will align supply to reflect fluctuating demand globally as required," a spokesman said in a statement. U.K. plant will be closed for two weeks beginning Oct. 22. The Unite Union said no jobs would be lost as hours would be banked. JLR built...
The imports of bauxite by Czech Republic have been fluctuating for the last three years. Bauxite imports in 2017 were 29282 tonnes, 43% less than 51577 tonnes in 2016. The country’s total bauxite import in 2018 is expected to reach 31514 tonnes, registering a growth of 8 per cent from 2017. {newsStudioGallery} According to recent estimates, in the first quarter of 2018, Czech Republic’s bauxite import reached an estimated total of 8,061 tonnes. The value of import stood at USD 1.3 million in the mentioned period. Bauxite import by the country declined 6.5 per cent to 7,536 tonnes in the second quarter of 2018. Czech Republic imported USD 1.2 million worth of bauxite in Q2 2018. The country’s bauxite import increased in the third quarter of 2018.The estimated bauxite imported reached 7,771...
A new research from National University of Science and Technology MISiS suggests that aluminium composites could be enhanced to the quality of titanium alloys and used in the aerospace industry. They have claimed to find a way to double the strength of composites obtained by 3D printing from aluminium alloy powder. Titanium is used in heavy duty metal alloy applications like aerospace and spacecraft application as the metal is about six times stronger than aluminium. Researchers consider aluminium to be an apt alternative to titanium because it is lightweight with a density of 2700 kg/m3 which is 1.7 times less dense than titanium. It is also much more mouldable, making it suitable for 3D printing. The researchers have developed a new composite that maintains the lightweight of aluminium...
The Supreme Court has imposed restrictions on the import of petroleum coke or petcoke by domestic aluminium and calciner industries. A bench headed by Justice Madan B. Lokur has restricted import limit at 0.5 million tonnes and 1.4 million tonnes per year. Earlier, the apex court had eased its ban on use of petcoke in cement and limestone, calcium carbide and gasification industries. Advocate Aparajita Singh who appeared for the Environment Pollution Control Authority (EPCA) requested the apex court to allow petcoke import by the aluminium and calcier industries for use as feedstock. "The calciner industry should be allowed to import pet coke as its industry uses it for feedstock and not for fuel. For aluminium industry, EPCA recommended that the industry can be allowed to import calcined...
After it touched a seven-week high, the US dollar dipped on Tuesday when US bond yields declined. The dollar also fell as the British pound rose against it. LME base metals ended mixed overnight. LME aluminium fell to a week-low during yesterday’s trading closing at US$ 2031.50 per tonne. Then the contract recovered some losses overnight. The aluminium cash contract registered a three-day losing streak on Tuesday on the dollar's strength and on news of restarting of alumina operations at Alunorte. It is expected to trade at US$2,040-2,080 per tonne today. As on October 9, LME aluminium cash (bid) price stands at US$ 2031 per tonne, LME official settlement price stands at US$ 2031.50 per tonne; 3-months bid price stands at US$ 2040 per tonne, 3-months offer price is US$ 2040.50 per tonne;...
Shanghai Metals Market found that spot aluminium discounts widened across all major Chinese markets on Tuesday, October 9, compared to the previous day. Though sellers continued to hold offers firm and traders became more willing to purchase for long-term contracts yet spot aluminium discounts did not lay behind from recording a widened range. The SHFE contract for October delivery traded range-bound in the morning. Most spot transactions in Shanghai were done at RMB 14460 per tonne to RMB 14470 per tonne, with discounts at RMB 40 to RMB 30 per tonne against the October contract. In the previous day, i.e. on Monday, October 8, the discounts were found at RMB 30 per tonne to RMB 20 per tonne. In Wuxi and Hangzhou, on the other hand, transactions were seen at RMB 14460 per tonne to RMB...
Novelis, the world leader in aluminium rolling and recycling, today announced the supply of its premium Novelis Advanz™ aluminium to the recently launched all-electric Jaguar I-PACE. This new addition to the Jaguar PACE family and the car maker's first all-electric vehicle features a strong and stiff lightweight aluminium construction to reduce weight and increase battery range up to 470km while delivering superior driving dynamics and safety. The bespoke electric vehicle's aluminium architecture uses advanced riveting and bonding technology to deliver a light, stiff body structure comprising 94 per cent aluminium, enabling significant weight reduction and design requirements, such as purity of line, surface and proportion. The aluminium vehicle structure is intelligently combined with a...
In line with its strategy to offer customers the “greenest” aluminium metal in the industry, Hydro is investing in its remelting facility in Azuqueca, Spain, to increase production of the recycled aluminium product Hydro 75R. Hydro’s Primary Metal business area launched Hydro 75R in December 2017. Delivered as extrusion ingot, the product offers a minimum of 75 percent post-consumer recycled aluminium – metal that has been used in other products. Hydro’s aim with the product is to increase the use of recycled post-consumer aluminium in extrusions. The content of Hydro 75R is verified by DNV GL, based on traceability and quality principles developed by Hydro. The certified low-carbon aluminium is only produced today at Hydro’s Clervaux plant in Luxembourg. Hilde Merete Aasheim, executive...
