ASSA ABLOY has agreed to acquire Brazilian aluminium solutions manufacturer Rometal, strengthening its manufacturing presence in Latin America while expanding its portfolio of door systems, furniture fittings and aluminium products. Announced on November 12, 2026, the proposed acquisition would bring an established Brazilian business with approximately 500 employees into the Swedish group's Americas Division. Rometal recorded sales of approximately BRL 332 million (USD 59 million) in 2025, equivalent to approximately SEK 580 million (USD 57.57 million) in ASSA ABLOY's announcement. The purchase price has not been disclosed. ASSA ABLOY described the company's EBIT margin in 2025 as strong and expects the transaction to be accretive to earnings per share from the start. Rometal acquisition...
Finland-based renewable heat technology developer Coolbrook has joined Australia’s Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) as an affiliate partner, bringing its electrified heating technology into research aimed at decarbonising alumina refining and the wider aluminium industry. The collaboration would explore how high-temperature electric heating can support next-generation alumina refineries, reducing reliance on fossil fuels. Coolbrook would work alongside major alumina and aluminium producers, including Emirates Global Aluminium (EGA), Alcoa, Rio Tinto, South32 and Hydro, as well as research organisations of CSIRO and Adelaide University. Initially, it would focus on HILT CRC’s Alumina Refineries’ Next-Generation Transition (AlumiNEXT) project,...
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According to the report by Reuters, Aluminium Corp of China (Chalco) has signed an agreement with Guinea government, on June 8 in Conakry, to develop the Boffa bauxite project in the west of the country. According to the agreement signed, Chalco Guinea Company would be granted mining licenses for the Boffa North and Boffa South Blocks for 15 years and would be open to renewal for next 15 years on expiry. Chalco must transfer 15 per cent of shares in Chalco Guinea Company to the Guinea government with 10 business days, while Guinea has option to increase interest up to 35 per cent. The project holds around 1.75 billion tonnes of bauxite, with an estimated annual production of 12 million tonnes, which is expected to start by the end of 2019. The output will go to Chalco alumina refineries...
According to the latest figures showed by the Iranian Mines and Mining Industries Development and Renovation Organization, Iran produced 60, 947 tonnes of aluminium in the first two months of the current Iranian year (March 21-May. 21), an increase of 9.7 per cent from the same period last year. Iran Aluminum Company, the first producer of aluminium in the country, produced 30,033 tonnes of aluminium in the mentioned period. Hormozal Aluminum Company and Almahdi Aluminum Company produced 19,024 tonnes and 11,890 tonnes of aluminium respectively. Iran exported an estimated 135172 tonnes of aluminium in 2017. Top importers who have been buying aluminium from the country include Turkey, China, South Korea, Netherlands and India (2017 data). According to recent estimates, in the first quarter...
Hazelett Corporation confirms that the Hazelett Twin-belt Continuous Casting Process will be utilized for the JW Aluminum expansion announced today. “This new facility will be a model for the most cost-effective and energy efficient sheet production in North America,” said Mr. David Hazelett, President. “And, it will significantly ease the projected shortage of aluminum coil in the United States.” The Hazelett Model AS2000 casting machine being supplied is capable of producing 2000 mm wide strip at approximately 50 metric tonnes per hour. Alloy capabilities include 1XXX, 3XXX, 5XXX, and 6XXX series. “JW Aluminum’s commitment to building the world’s best casting and rolling facility has been reflected in their intensive planning efforts. We are excited to be a part of this project,” Mr....
With the aim to accelerate revenue generation and shareholder value at the flagship project Sconi in Queensland, the metals explorer Australian Mines (ASX: AUZ) confirms its partnership deal with UK-based technology company Metalysis. The company intends to commercialise the high-purity scandium oxide through this partnership that could command higher revenue margins and serve as better final products for end-users. The company believes this agreement should add positively to the ongoing research and development programme around “a solid-state process to produce a low-cost yet superior aluminium-scandium alloy for potential use by the automotive and aerospace industries”. Originally invented by the University of Cambridge and then commercialised by Metalysis, this innovative solid-state...
The aluminium contract returned to the five and 40 days moving averages at US$ 2287.50 per tonne on June 8 after a bullish run whole week. LME aluminium attempted to stand above the daily moving average and closed higher at US$ 2300 per tonne. The contract touched a high of US$2,325 per tonne with support from longs during the European trading session. It was then dragged down by SHFE aluminium to a low of US$2,285 per tonne. It is expected to trade at US$2,290-2,320 per tonne today. As on June 11, LME aluminium cash (bid) price stands at US$ 2299 per tonne, LME official settlement price stands at US$ 2300 per tonne; 3-months bid price stands at US$ 2296 per tonne, 3-months offer price is US$ 2297.50 per tonne; Dec 19 bid price stands at US$ 2302 per tonne, and Dec 19 offer price stands...
JW Aluminum, a manufacturer of flat-rolled aluminium products used in a variety of consumer and commercial applications, has announced that it will invest $255 million in an expansion of its Mount Holly flat rolled aluminium plant in Goose Creek, South Carolina. The expansion includes the construction of new 220,000 square foot building and the installation of green, state-of-the-art technology. Image Source:JW Aluminum “It’s an exciting new chapter in JW Aluminum’s story and a considerable progression in our strategic journey. As a domestic supplier, we’ve prevailed in an extremely challenging competitive environment. The outcome of this endeavor will empower us to produce superior product for our customers, provide increased value to our stakeholders and serve as a preferred supplier...
According to Shanghai Metals Market, east China on Monday, June 11, 2018, witnessed a narrowed trading in spot aluminium market. Traders showed reluctance in purchasing primary aluminium and took a wait-and-watch stance as spot discounts against the SHFE 1806 contract shrank. In the Shanghai market, transactions were mostly heard at RMB 14710 per tonne to RMB 14720 per tonne with discounts settled at RMB 30 to RMB 20 per tonne against the SHFE 1806 contract, compared to RMB 60 to RMB 50 per tonne a week ago. The discounts against the 1807 contract hovered around RMB 110 per tonne. In Wuxi and Hangzhou, transactions were seen at RMB 14710 per tonne to RMB 14720 per tonne and RMB 14740 per tonne to RMB 14760 per tonne respectively. Sellers in east China were keen to offload cargoes and...
Ohio is one among those many states in the US who are fearful about the impact of prospective US-Canada trade war. Since when the United States declared to impose additional 25 per cent tariff on steel and 10 per cent on aluminium that is imported from Canada to the US, Canadian Prime Minister Justin Trudeau warned to strike back hard. Almost immediately, Canada released its list of retaliatory tariffs which includes not only aluminium and steel but many other products which the US exports to Canada. However, Canada accounts for about 38 per cent of Ohio’s export market, with Ohio sending Canada nearly US$19 billion worth of imports last year, from auto parts to furniture to soap. For decades, the prospect of a trade war between the US and Canada had been like a unicorn invasion. But the...
According to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, the U.S. aluminium industry purchased an estimated 352,000 tonnes of aluminium scrap during March 2018, down about 6% from the March 2017 total. Total aluminium recovered from scrap in March 2018 was 304,000 tonnes, 6% more than the revised amount in February 2018, but 5% less than the revised amount in March 2017, indicating a drop year on year. The changing trade policies of the Trump administration are creating disruptions in the procurement of scrap. Mexico remains the top aluminium scrap supplier to the US in the first quarter of 2018. Of the total scrap recovery, 175,000 tonnes of aluminium was recovered from new scrap and 129,000 tonne was recovered from old scrap. Through...
European Aluminium welcomes the G7’s communication stressing the “urgent need to avoid excess capacity” in the aluminium sector and the push to develop a stronger international rules on market-distorting industrial subsidies and trade-distorting actions by state-owned enterprises. European Aluminium believes that both the modernisation of international organisations and the creation of a global multilateral and governmental Forum on Aluminium Overcapacity are necessary to prevent damages to its well-integrated value chains. “The recognition by G7 countries of aluminium overcapacity driven by China is the right step to address this global problem which is putting immense pressure on workers and producers across the world. The year-on-year increase of Chinese primary and semi-fabricated...
According to the latest report from US Geological survey, total imports aluminium by the US for consumption in the first quarter of 2018 remained unchanged from those in the same period in 2017. Imports of crude metal and alloys, and scrap by the US decreased by 5% and 11%, respectively, but imports of semi-finished products increased by 30%. Total exports of aluminium increased by 8% during the first 3 months of 2018 compared with those of the same period in 2017. Exports of crude metal and alloys, semi-finished products, and scrap increased by 12%, 6% and 9%, respectively, compared with those in the same period of 2017. Canada continued to be the leading source of imported aluminium materials, supplying 41% of all aluminium imports during the first 3 months of 2018, followed by Russia...
GlassPoint Solar, the leading supplier of solar energy to the oil and gas industry, has partnered with Oman’s largest aluminium producer, National Aluminium Products Company (Napco), to obtain aluminium materials for its solar plant project Miraah. The company’s aim is to develop a solar hub in Oman while generating sustainable in-country value (ICV) within the Sultanate through this partnership. Steven Moss, GlassPoint’s Chief Executive Officer said in a press release, “We are proud to be partnering with NAPCO in developing our ‘Made in Oman’ solar supply chain. Creating opportunities for local companies and contractors is part of our growth strategy within the Sultanate. Together with our partners, we are working to establish Oman as an industrial hub for renewable energy.” Since the...
LME aluminium had been on a higher range last week with the consolidation of the US dollar. The aluminium contract closed the week lower at US$ 2287.50 per tonne on June 8 from US$ 2331 per tonne on June 7. The contract returned to the five and 40 days moving averages and Shanghai Metals Market expects it to trade at US$2,290-2,340 per tonne today. As on June 8, LME aluminium cash (bid) price stands at US$ 2287per tonne, LME official settlement price stands at US$ 2287.50 per tonne; 3-months bid price stands at US$ 2299 per tonne, 3-months offer price is US$ 2299.50 per tonne; Dec 19 bid price stands at US$ 2297 per tonne, and Dec 19 offer price stands at US$ 2302 per tonne. The LME aluminium opening stock slightly dropped to 1175225 tonnes. Live Warrants totalled at 939325 tonnes, and...
After a decline in two consecutive days last week, alumina spot price showed restraint today, June 11, at RMB 2904 per tonne, according to Shanghai Metals Market. On June 7, the alumina spot price plunged from RMB 2998 per tonne to RMB 2954 per tonne and on June 8, it fell to RMB 2904 per tonne. Shanghai Metals Market believes that alumina spot price declined last week primarily because alumina producers as well as major traders in Shanxi and Henan began to sell spot cargoes. The slow pace of export shipments leaving the port in Guangxi also contributed to the fall of alumina spot price, as it increased the possibility of them being sold in the domestic market, which further suppressed domestic alumina prices. SMM anticipates that alumina spot price is likely to face more pressure in the...
Prime Minister Justin Trudeau stopped at Saguenay, the heart of Canada's aluminium country before heading to the G7 summit — where he repeated his pledge to try to convince Donald Trump about the mistake in imposing tariffs on Canada’s aluminium. Saguenay has a significant connection to what will be a major point of debate for G7 leaders this week because the region is home to a big part of the country's aluminium industry. The U.S. president angered his G7 allies last week by imposing punishing tariffs on aluminum and steel imports. Canada and the European Union responded with tariff threats of their own, leaving Saguenay caught in the crossfire of an escalating trade dispute between G7 partners. "We're interested in defending Canadian interests — and on top of that, it turns out I'm...
President Trump’s import tariffs on steel and aluminium, which were designed to support domestic steel and aluminium manufacturers are actually hurting other manufacturing and end –user industries. Last week, the Trump Administration announced 30 countries will face additional import tariffs of 25 per cent on steel and 10 per cent on aluminium. Companies like Mountain Safety Research (MSR)—that manufacture outdoor recreational products in the U.S. using steel and aluminium imported from those countries could be significantly impacted by import tariffs. “While these tariffs are intended to create a competitive advantage for U.S. steel and aluminum producers, we expect that they will create an unintentional, competitive disadvantage for businesses like MSR that manufacture consumer products...
Ghana Vice-President Dr. Mahamudu Bawumia has assured a new bill to establish that the Ghana Integrated Bauxite and Aluminium Development Authority (GIBADA) is not another mining regulatory body. This assurance came from him when the Minerals Commission Board, led by its Chairman S.K. Boafo, paid a courtesy on him at the Flagstaff House in Accra. While explaining to the board about GIBADA, the Vice-President said the purpose of establishing this body was to promote and facilitate the development of an integrated aluminium industry in Ghana, so that its economy could shift from being dependent only on the production and exports of raw materials to an industrialised, value added one. Bawumia said the Minerals Commission will continue upholding its regulatory mandate established under the...
Rio Tinto has signed a joint venture agreement with Minmetals to explore mineral deposits in China. The 50:50 joint venture follows a technical collaboration contract signed in November 2017 when both companies committed to a collaborative partnership in mineral exploration. Rio Tinto chief executive J-S Jacques said, "The formalisation of the exploration joint venture is an important milestone in our growing partnership with China and Minmetals, who is an increasingly important player in the global mining industry. Our complementary strengths in exploration put us in the best possible position to find metals and minerals essential to human progress." The registered capital of the joint venture will be RMB200 million (US$31.3 million) with initial contributions of RMB35 million (US$5.5...
