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,...
Grow with
AL Circle
LME aluminium gained 1.82% after touching a low of US$2,263.5 per tonne at one point last Friday.The metal surged to a high of US$2,325 per tonne last night with support from calm US-Sino trade tension. Benchmark aluminium price on London Metal Exchange increased to close at US$ 2285.50 per tonne on Monday, May 14.SMM expects the metal to hover at US$2,290-2,330 per tonne today. As on May 14, LME aluminium cash (bid) price stands at US$ 2285 per tonne, LME official settlement price stands at US$ 2285.50 per tonne; 3-months bid price stands at US$2295 per tonne, 3-months offer price is US$ 2296 per tonne; Dec 19 bid price stands at US$2250 per tonne, and Dec 19 offer price stands at US$ 2255 per tonne. The LME aluminium opening stock stood at 1259300 tonnes. Live Warrants totalled at...
According to a source, both Glencore and UC Rusal have urged the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminium, followed by an extension of the sanctions deadline on Russian aluminium companies. The US Treasury Department had extended the sanctions deadline on Rusal until October 23, 2018, and said it would even consider lifting the sanctions if Rusal’s major shareholder Oleg Deripaska ceded control of the company. The extension was issued late April and effectively meant that aluminium produced and sold by Rusal until October 23, 2018, was free of US sanctions, so long as the deal to buy was signed before they were imposed on April 6. Same is the case with Swiss-based mining giant Glencore which has a seven-year deal to buy aluminium from Rusal between...
Aluminium Bahrain B.S.C. (Alba), soon to-be the world’s largest single-site aluminium smelter, held its first Stakeholder Exhibitions Meeting (SEM) for its Line 6 Expansion Project today, 13 May 2018 at the Awal Ballroom, Gulf Hotel, Bahrain. In line with the requirements of the Performance Standards of the International Finance Corporation (IFC), a World Bank affiliated lending organisation, the SEM was held to give all stakeholders an update on the Line 6 Expansion Project as well as a summary of the Environment and Social Impact Assessment (ESIA) for this Project. Representatives of the Government and Ministries of Bahrain, Non-Government Organisations (NGOs) and Civil Society Organisations were the key invitees for the SEM. Alba’s Executive Management Team led by its Chief Executive...
According to the report released by China Association of Automobile Manufacturers (CAAM), the total vehicle outputs and sales in China reached 2.3974 million units and 2.3186 million units, reflecting a year on year growth by 12.27 per cent and 11.47 per cent respectively, while on the other hand, dropped 8.79 per cent and 12.71 per cent against the performances in March. As far as the passenger vehicles (PVs) are concerned in China, the total production in April reached 1.9998 million units, growing 12.17 per cent year on year but falling 9.06 per cent month on month. The total delivery of passenger vehicles to China, however, increased 11.16 per cent from a year ago, accounting for 1.9144 million units. The top 10 Chinese automakers by April sales were SAIC Motor, Dongfeng Motor...
With the expansion of bauxite mining sector and reopening of Alpart refinery, players in the local mining, haulage and construction sectors in Jamaica are anticipating a boost in their production capacity with the availability of brand new heavy-duty trucks for purchase in Jamaica. The trucks are on high demand for bauxite logistics. New local miner, Conveyance Partners JA Limited, is one of the companies that have made its strategy to expand their capacity using the new line of heavy-duty trucks. The nearly one-year-old company Conveyance Partners JA mines bauxite ore for Jamalco in Clarendon. The company handles bauxite for dome feeding at Jiuquan Iron and Steel Company (JISCO) Alpart in St Elizabeth. Conveyance Partners is a sister concern of Conveyance and Konstruk'Shon Limited, an...
Bahrain has been following an upward pattern for the export of aluminium stranded wire. The products are used in overhead power transmission and distribution applications in modern residential and industrial constructions. The country’s exports of aluminium stranded wire increased significantly in 2017. Bahrain exported about 67711 tonnes of this product last year, an increase of 43.4 per cent YoY. The trend of high export volumes are expected to continue in 2018. The largest part of aluminium stranded wire is exported to Saudi Arabia. Saudi Arabia imported about 42201 tonnes of aluminium stranded wire last year. Other top importers who have been buying aluminium stranded wire from Bahrain include Norway, Unite Arab of Emirates, the USA, Oman and Australia (2017 data). According to recent...
According to a Shanghai Metal Market report, an incessant growth in aluminium shipments and a constant rise in consumption in some of the major Chinese markets like Wuxi and Foshan drove a further downfall in primary aluminium inventory on May 14, 2018, to close at 2.15 million tonnes, as against 2.196 million tonnes on Thursday, May 10, 2018. This indicates that the inventory was down 42,000 tonnes from Thursday, May 10, 2018, and 56,000 tonnes from 2.21 tonnes on Monday, May 7, 2018. Some of the major Chinese cities also witnessed a plunge in inventory, such as in Shanghai, the inventory fell to 452,000 tonnes; in Nanhai, Foshan, and Guangdong, it dipped to 377,000 tonnes and in Gongyi and Henan, it sank to 198,000 tonnes. More details are as follows: The average A00 aluminium ingot...
LME aluminium touched a low of US$2,263.5 per tonne at one point during the European trading session last Friday. Benchmark aluminium price on London Metal Exchange fell to close at US$ 2273.50 per tonne on Friday, May 11 from US$2327 per tonne on Thursday May 10. SMM expects LME aluminium to trade at US$2,260-2,300 per tonne today. As on May 11, LME aluminium cash (bid) price stands at US$ 2272.50 per tonne, LME official settlement price stands at US$ 2273.50 per tonne; 3-months bid price stands at US$2274 per tonne, 3-months offer price is US$ 2275 per tonne; Dec 19 bid price stands at US$2218 per tonne, and Dec 19 offer price stands at US$ 2223 per tonne. The LME aluminium opening stock stood at 1264250 tonnes. Live Warrants totalled at 860700 tonnes, and Cancelled Warrants were 403550...
Emirates Global Aluminium’s (EGA) stock market listing is likely to slip to 2019 because of turmoil in global aluminum markets after the United States imposed sanctions on Russian aluminum group Rusal, three sources familiar with the deal said. “The IPO (initial public offering) is delayed to 2019 due to market conditions,” one of the sources said. EGA, which produces 2.6 million tonnes of cast metal a year and is the third-largest producer of primary aluminum outside China, announced plans to float last year. But aluminum prices have been volatile since Washington, in response to what it called “malign activities” by Russia, imposed sanctions on Rusal and shareholder Oleg Deripaska. Benchmark prices on the London Metal Exchange CMAL3 surged to their highest in seven years. They dropped...
Leading global aluminium producer UC RUSAL announced results for the three months ended 31 March 2018. The company’s recurring net profit increased 22.4% to $531 million in Q1 2018, from $434 in the same period last year. Revenue in the first quarter of 2018 was $2,744 million as compared to $2,297 million for the same period of 2017 following the growth in the LME aluminium prices. Adjusted EBITDA rose 20.4% to $572 million as compared to $475 million for the same period of the prior year. Revenue from sales of primary aluminium and alloys stood at $2,245 million in the first quarter of 2018, as compared to $1,920 million in the first quarter of 2017, primarily due to 19.3% increase in the weighted-average realized aluminium price per tonne. Revenue from sales of alumina increased 25.4%...
apt Extrusions GmbH & Co. KG, Monheim, Germany has inaugurated a new 27-MN front-loading press supplied by SMS group. The company has replaced the 20-MN press with the new 27-MN extrusion press. image Source: SMS group “The scope also comprises related billet heating equipment including an extrutec GmbH gas heating furnace combined with an IAS induction furnace and a new runout system from OMAV. apt selected SMS group as supplier of the extrusion press for reasons of safety, energy efficiency, productivity and product quality. All of these factors had played a crucial role in apt’s future orientation towards the production of aluminum profiles for the automotive and construction industries as well as for industrial customers”, Thomas Boddenberg, Managing Director of apt Extrusions GmbH &...
Metro Mining’s Bauxite Hills Mine which has shipped 62,000 tonnes of bauxite on May 7 to Xinfa Group in China, one of the country’s largest integrated aluminium companies is on track to load 10,000 tonnes of bauxite per day. The project is forecast to generate EBITDA of $2.5 billion. The Bauxite Hills mine in Queensland could continue with its mining target despite the disruptions from extreme weather at the start of the year. The shipment to Xinfa at the designated time has forged its position in the niche bauxite industry in Queensland. The company has been able to meet every milestone along the way from exploration to construction, production and shipment. Pricing under the agreement with Xinfa is linked to a well-established alumina price index. Since the first shipment, the company...
Solomon Islands’ export of bauxite represents 93 per cent of the total exports of the country. The country exports bauxite mainly to China and India. China is the largest bauxite market for the country. Solomon Islands exported 174,189 tonnes of bauxite to China in March 2018, up 75 per cent from the previous year. The country exported 441,002 tonnes of bauxite in the first three months of the year. Solomon Islands has a great potential of bauxite. Data shows the total bauxite export by Solomon Islands stood at about 232978 tonne in 2016. The country witnessed a jump in exports of bauxite last year. The amount increased about 139 per cent year-on-year to about 556434 tonnes in 2017. For the full year of 2018, the total bauxite export by the country is estimated to stand at about 135153...
According to an SMM report, overall trading across spot aluminium markets in east and south China turned active on Thursday May 10 as downstream consumers stepped up procurement and boosted purchasing. The SHFE 1805 contract rose to a high of RMB 14,545 per tonne from a low of RMB 14,500 tonne in the morning. SHFE 1807 contract is expected to trade within a range at RMB 14,600-14,770 per tonne. Spot prices are seen at a discount of RMB 20 per tonne to a premium of RMB 20 per tonne. China has registered a rise in prices of A00 aluminium ingot prices today. Primary aluminium ingot price also increased across all individual markets. Average A00 Aluminum Ingot prices increased from RMB 14520 per tonne yesterday to stand at RMB 14,590 per tonne today on May 11. The prices are expected to range...
LME aluminium surged high during yesterday’s trading and closed at US$2,327 on Thursday May 10, from US$2295 per tonne on Wednesday May 9. With a surge in positions, LME aluminium fluctuated significantly and closed at a low level overnight. As shorts are in a more advantageous position than longs, Shanghai Metals Market analysis expects LME aluminium to test support of US$2,300 per tonne at the 20-day moving average today with a trading range at US$2,300-2,340 per tonne. As on May 10, LME aluminium cash (bid) price stands at US$ 2325 per tonne, LME official settlement price stands at US$ 2327 per tonne; 3-months bid price stands at US$2324.50 per tonne, 3-months offer price is US$ 2325.50 per tonne; Dec 19 bid price stands at US$ 2213 per tonne, and Dec 19 offer price stands at US$ 2218...
Alcoa Corporation and Rio Tinto, supported by technology giant Apple, will develop and commercialise a new aluminium smelting process that eliminates all direct greenhouse gas emissions from the traditional smelting process. Alcoa and Rio Tinto are forming Elysis, Montreal-based joint venture company, to further develop the new process with a technology package planned for sale beginning in 2024. Alcoa and Rio Tinto will invest $55 million (CAD) cash over the next three years and contribute specific intellectual property and patents. Rio Tinto chief executive J-S Jacques said: “This is a revolutionary smelting process that can deliver a significant reduction in carbon emissions. It builds on the key role aluminium has to play in driving human progress, by making products infinitely...
While speaking to reporters in Parliament on the outcomes of Wednesday’s (May 9, 2018) fortnightly cabinet meeting, Nomvula Mokonyane, Minister of Communications reported that Cabinet was disappointed at United States’ decision to not exempt South Africa from its imported aluminium and steel tariffs. She also said that the country would continue discussing the matter with the US to find a solution which would benefit both the countries, adding that South Africa had no intention in leveraging on its United Nations votes against the US’s wishes as a retaliatory act. “The South African government will continue to engage with US authorities to find a mutually acceptable outcome. Cabinet also encourages domestic importers to continue to lobby US buyers to apply for product exemptions, as South...
Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is progressing at full speed with the construction of its landmark Line 6 Expansion Project [Line 6 Smelter and Power Expansion Project], according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa. The statement was made at the second quarterly meeting for this year, held on Wednesday, 9 May 2018 at Alba. Adding further, Shaikh Daij stated:“We are very pleased with the overall progress of Line 6 Expansion Project; to date, Line 6 Smelter exceeded 54% while Power Station 5 advanced 59% and Power Distribution System 87%. With the construction brimming on site in 2018, we remain committed to deliver the Project in a timely and safe manner.” During...
