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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Emirates Global Aluminium, an aluminium conglomerate equally owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has announced that it expects first export from its bauxite mine in Guinea to take place in the second half of 2019. The announcement came following the arrival of stacker reclaimer for the project, which would be used to stack bauxite ore and reclaim and place ore on a conveyor system for transport along GAC’s pier to waiting barges. EGA’s subsidiary Guinea Alumina Corporation (GAC) for the last four decades is developing a bauxite mine and associated export facilities in Boké province in the largest greenfield investment in Guinea. Currently, more than 3,000 people i.e. over 80 per cent Guineans are involved in building the project worth...
ALRO, one of the largest vertically integrated aluminium producers, by capacity, in Europe, continues its USD 61 million investment programme for 2018 in high value-added and very high value-added aluminium products. The company focuses on extending client portfolio, enhancing the hot rolled products quality and reducing energy dependency.ALRO is committed to supplying high value-added products to the aerospace and automotive industries. "We continue to implement our complex investment strategy which covers three major areas: products quality and production mix with a focus on sophisticated markets, operational efficiency and cost control, as well as increasing the market share", said Marian Năstase, Chairman of the Board of Directors of ALRO. ALRO is upgrading the cold rolling mill no....
Executive board member of German aluminium producer Trimet Aluminium, Thomas Reuther said that he expects strong aluminium demand in 2019. However, forecast continues to remain difficult due to the global impact of U.S. import duties, according to him. He pointed towards higher alumina price as a concern for the aluminium industry. Trimet, according to him, has not imported aluminium scrap from the U.S. despite the expectations that U.S. will export more scrap to Europe to compensate loss of export to China. "I expect global demand for aluminium to increase in 2019," Reuther said in an interview during the LME week. "But the customs duties first imposed by the U.S. are having an impact on trade flows, so demand in regional markets is more difficult to forecast." He said the scrap supply...
Aluminium alloy wheels, made by aluminium alloy, are mostly used in both passenger vehicles and commercial vehicles. But the use in passenger vehicles is more than in commercial vehicles, with the sales proportion at about 94 per cent in 2017. {newsStudioGallery} China and Europe are the two main consumption places with market shares nearly 28.66 per cent and 24.65 per cent respectively, as of 2017. Other regions also enjoy a major market share in the global region. Thanks to light-weight, better heat conductivity, and anti-corrosive properties for which the demand for aluminium alloy wheels has been growing uninterruptedly. According to a report, the global automotive aluminium alloy wheels market size is expected to reach US$ 15, 400 million by 2025 from US$ 12,700 million in 2017, at a...
ALUMINIUM 2018- the 12th World Trade Fair & Conference begins today at Messe Düsseldorf, Germany. From 9 to 11 October 2018, the Exhibition Centre on the Rhine is going to become the global marketplace of the aluminium industry. Some 1,000 exhibitors from around the world are in Düsseldorf and the exhibition area has expanded to 80,000 square metres. The mega aluminium industry event, being organized by Reed Exhibitions Deutschland GmbH and Project ALUMINIUM would host exhibitors from across the entire aluminium industry’s supply chain. Spread across six exhibition halls, global players, specialists and young innovative companies will showcase the industry’s complete range – from aluminium production to machines and plants for processing to semi-finished and finished goods and recycling....
Norsk Hydro has announced today that Alunorte alumina refinery in Brazil is expected to be able to ramp up to 50 percent capacity within two weeks. The refinery has on October 8 agreed with the environmental agency of the state of Pará, SEMAS, to restart production under SEMAS’ supervision. This follows the exceptional authorization by federal environmental agency IBAMA late on Friday to utilize press filter technology in the processing of bauxite residues, Hydro said in its press release. John Thuestad, Head of Hydro’s Bauxite and Alumina business area said:“With firm documentation verifying the integrity of our bauxite residue disposal system when based on our press filter, and in alignment with SEMAS, we are now in a position to safely resume 50 percent operations at Alunorte.” “This...
Continuing with its strategy to produce and supply the “greenest” aluminium metal in the industry, Hydro has decided to expand remelt operations at its Slovalco plant in collaboration with joint-venture partner PENTA. The expansion will facilitate production of primary aluminium as well as serve as a remelter for conversion scrap from the extrusion plants in Central Europe. The estimated investment for the new furnace is EUR 13 million and the final build decision is expected in Q1 2019. The Slovalco plant is located at the center of the actively growing aluminium market in Central Europe and the new aluminium remelting facility with the existing primary plant will be able to serve extrusion plants in Slovakia and neighbouring countries by recycling their processed scrap. Hilde Merete...
Indian aluminium makers including Hindalco Industries and Vedanta Ltd. are reportedly boosting sales to Japan amid the United States’ lofty import tariffs and sanctions against Rusal. Usually, Japan, being a quality concerned consumer, never regarded the products from India a high enough quality. They rather preferred top-tiers producers like Rio Tinto, Alcoa, and South32 as well as United Company Rusal. But in the background of US sanctions and tariffs, Japan reportedly secured 59,545 tonnes of aluminium ingot in the eight months of 2018, double a year ago, while material from Russia fell 21 per cent to 175,694 tonnes, Japanese trade data showed. "Because of the sanctions, consumers would like to ensure some security of supply, so they'd like to prefer multiple suppliers instead of one...
Shanghai Metals Market research found stocks across local warehouses in south China grew yesterday, October 8, after a week-long National Day holiday, as spot aluminium sellers showed keen interest to offload cargoes. SMM data as of Monday showed the primary aluminium stocks in Nanhai, Guangdong increased by 36,000 tonnes or by 17.7 per cent from Thursday, September 27, marking the largest gain among the eight major consumption areas. In Guangdong, most of the spot transactions were heard at RMB 14,340 per tonne to RMB 14360 per tonne, with Guangdong-Shanghai spread at RMB 70 per tonne. Sellers in eastern markets, however, held their offers firm as limited cargoes arrived at the local warehouses during the break. Post-holiday restocking enthusiasm among downstream consumers was found mild...
The US dollar retained its recent gains overnight on upbeat domestic economic data. The euro fell to a seven-week low against the dollar on Monday as Italy. The Yuan weakened as Beijing's move to spur lending failed to ease concern about economic growth. LME aluminium traded under pressure on Monday on news that Norsk Hydro obtained a key permit to restart its Alunorte refinery at half of its capacity. A firm US dollar also kept LME aluminium from climbing, on its strong SHFE counterpart. The contract closed Monday’s trading at US$ 2073.50 per tonne. Shanghai Metals Market expects it to trade at US$2,050-2,090 per tonne today. As on October 8, LME aluminium cash (bid) price stands at US$ 2073 per tonne, LME official settlement price stands at US$ 2073.50 per tonne; 3-months bid price...
Aluminium Bahrain B.S.C. (Alba) has announced production and sales result for the nine months of 2018. Its total sales volume reached 750,202 tonnes, up by 7 per cent Year-over-Year (YoY), compared to 700,629 tonnes in the same period previous year; while production volume increased by 8 per cent YoY to reach 762,952 tonnes during January- September period. Alba has reported a flat growth in its sales and production volume wherein total sales and production volume stood at 248,970 tonnes and 251,472 tonnes respectively, according to company press release. The company has closed the third quarter and the nine months of 2018 with value-added sales averaging 60 per cent and 59 per cent respectively. In the first half of 2018, total production was 511,480 tonnes in comparison to 453,395...
China's leading manufacturer of aluminium processing products China Zhongwang Holdings Co., Ltd, together with its subsidiary “Group”, has inked an agreement with Jaguar Land Rover for the supply of aluminium extrusion products to Jaguar Land Rover UK as a Tier 1 supplier. China Zhongwang said the contract is the first cooperation between the two companies, which also marks the official entry of Zhongwang Group into the supply chain of overseas auto manufacturers. As a key supplier of high-speed rail car aluminium extrusion products, Zhongwang has committed to promoting transportation lightweighting and has accumulated experience in alloying from aluminium alloys to welding technology. The Group is the supplier of all-aluminium body frame for both Chery's electric vehicle "eQ1" model, and...
The Finance Minister, Ken Ofori-Atta, says the Akufo-Addo –led administration is bent on moving away from exporting the country’s resources in their raw forms. Speaking ahead of the UK-Ghana Investment Summit scheduled in Accra from October 15-16, the Minister said, adding value to resources before export is the way forward and Ghana is looking to explore the many opportunities Brexit offers to export products to the UK. “We are looking to develop our aluminium industry and the statistics are quite stunning because bauxite in its raw form is about $40 a tonne, you move to alumina and it becomes $400 a tonne, you move to aluminium and it is about $2100 a tonne, you move to tertiary and it is about $6,000 a tonne. “So the new Ghana is adding value to our resources before exporting so we are...
France’s bauxite import is found growing quarter-on-quarter this year for feeding its domestic alumina refineries. Alteo is one of the leading producers of non-metallurgical alumina in France. The company has three alumina refineries in France: the alumina refinery in Gardanne, a white fused alumina facility in La Bâthie and a brown fused alumina plant in Beyrède. Being one of the world leaders in specialty alumina production, Alteo is known for offering a wide range of products. It is formed after divestment of the specialty alumina group by Rio Tinto, with the production capacity of 635kT per year. According to the global export-import data, France in the first quarter of 2018 imported 425,903 tonnes while that in Q1 2017, the country had secured 385,537 tonnes. This shows that France’s...
Australian mineral exploration company Lindian Resources Limited (Lindian) has received three mining licences from the Tanzania Mining Commission over Lushoto Bauxite Project in Tanzania. The granted licences PL 11176/2017, PL 11177/2017 and PL 11178/2018 cover an area of 53.2 km² and include the high-grade alumina low silica Magamba Bauxite Deposit. The granting of these licenses allows the company to proceed with a low cost, high impact auger drilling program and continues discussions with potential strategic farm-in and strategic offtake partners. Asimwe Kabunga, Chairman of Lindian Resources said:“This is an outstanding development for the company and the granting of these highly prospective bauxite licences adds considerable value to the its portfolio. We have wasted no time, with...
LME aluminium lost all its previous gains and settled at US$2,105 per tonne last Friday night after Brazil’s environment ministry granted authorization to utilize press filter technology that could allow Hydro Alunorte refinery to restart the operation at 50 per cent of capacity. After reaching the highest on last Thursday, the aluminium cash contract closed at US$ 2140 per tonne on October 5, down from US$ 2243.5 per tonne on October 4. Shanghai Metals Market expects LME aluminium to face pressure from a strong US dollar on robust economic data. Its trading range is set at US$2,080-2,140 per tonne. As on October 5, LME aluminium cash (bid) price stands at US$ 2139.50 per tonne, LME official settlement price stands at US$ 2140 per tonne; 3-months bid price stands at US$ 2150 per tonne,...
After a week-long National Day holiday in China, Shanghai Metals Market research team presents an update on the primary aluminium inventory. According to the data shown, the inventories across eight major Chinese consumption areas have grown due to fewer-than-expected cargoes arrival at warehouses. Stocks, including SHFE warrants, have increased by some 14,000 tonnes from Thursday, September 27, to stand at 1.604 million tonnes, as of today, October 8, 2018. In Wuxi and Jiangsu, the inventory stood at 685,000 tonnes while that in Shanghai and Nanhai, Guangdong at 358,000 tonnes and 239,000 tonnes, respectively. For more details about the current status of primary aluminium inventories, refer to the chart below: According to SMM research, the A00 aluminium ingot price also came back with a...
The Guinean government is ensuring that bauxite mining companies working in the country do not harm the environment, Prime Minister of the Republic of Guinea Ibrahima Kassory Fofana told Sputnik regarding a recent rights watchdog report on the dangers of such mining. The Human Rights Watch organization on Thursday issued a report on the dangers of bauxite mining operations which take over farming land and threaten the environment. "In the process of implementation you take action to make sure that the company is really standing by the commitment to respect the environmental issue. That is the only way a government can do. Study first and then control. There are penalties staring from financial payment to closing of the mining company operations," the prime minister said on the sidelines...
