Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
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Hydro, a leading Norwegian industrial company specialising in aluminium production, has entrusted Sistem Teknik Industrial Furnaces, a firm undertaking the production and maintenance of the state-of-the-art industrial furnaces, with the supply of a new aluminium logs homogenising centre. The...
Century Aluminum Company (NASDAQ: CENX) today announced that Jesse Gary, Century’s President and Chief Executive Officer, will present and participate in a question-and-answer session at the BMO Global Metals, Mining, & Critical Minerals Conference, beginning at approximately 8:15 a.m. EST on...
On February 23, the week started with a rise in the London Metal Exchange (LME) aluminium price . However, the 3-month Asian Reference Price reflected a downturn in the price with the opening of the week and the previous day’s close. The LME inventory also declined, while the alumina platts price...
Polestar, a Swedish electric performance car brand, signalled the rapid growth in the high-value electric vehicle market. The firm made an announcement stating its plan to expand its biggest product by launching four new electric vehicles over the next three years. The deliveries of the Polestar 5...
Australia is reassessing its trade position with the United States after President Donald Trump announced plans to impose a new 15 per cent tariff on all imports, a move that could directly affect Australian exporters and test the resilience of a long-standing free trade partnership. The decision...
The US President Donald Trump has issued a new 15 per cent global tax using Section 122 of the Trade Act of 1974 on February 21. It is a response to the Supreme Court’s ruling on Trump’s previously imposed tariffs. Vehicles and parts, already under motor vehicles tariffs, are spared from the new...
The beer and allied manufacturing sectors of Uttar Pradesh are poised for major expansion, backed by fresh investments and a standardised excise policy. The Director General of the Brewers' Association of India (BAI), Vinod Giri, has announced that "The beer industry and its ancillary industries...
Vedanta Aluminium, India’s largest producer of aluminium, has deployed Odisha’s first all-women power operations team, who will be responsible for managing a 135 MW power unit at its Jharsuguda facility, the world’s largest aluminium plant. In the run-up to Women’s Day 2026, this comes as a...
Impact Minerals has shipped the first significant quantities of HiPurA high purity alumina from its Perth pilot plant to the United States, marking a key milestone in the company’s push into advanced battery materials. The 50 per cent-owned associate Alluminous dispatched approximately 15 kilograms...
If 2024 was the year aluminium demand normalised, 2025 is the year scrap becomes the pressure valve. Global cumulative aluminium consumption reached 100.8 million tonnes in 2024, with 28.4 million tonnes supplied by recycled aluminium. That share, already above 28 per cent, is not a marginal...
For the fourth quarter and the entire year ending December 31, 2025, Sonoco Products Company, a metal packaging company, which also specialises in manufacturing aluminium ends and closures, showed high-achieving financial results, due to the success of its metal packaging division. During the...
The Indonesian aluminium market demonstrated operational resilience during the 2026 Chinese New Year period, with smelting and refining production activities continuing unabated. This stability, confirmed by multiple industry sources, underscores the mature nature of the downstream processing...
Egyptalum, the largest aluminium producer in Egypt and one of the largest in Africa, has allocated EUR 19 million (USD 22.4 million) for the modernisation of its cold rolling line. The company produces a wide range of products, including billets, wire rods, foundry alloys, ingots, T-bars, and...
Reliance Inc. faced rating cuts from both JP Morgan and BMO Capital Markets after analysts pointed to weakening gross margins and stretched valuation levels. JP Morgan set a December 2026 price target of USD 330, suggesting limited upside from current levels. BMO lowered its target to USD 320,...
In January, the operating performance of domestic primary aluminium billets weakened more than expected. According to SMM data, the operating rate for aluminium billets dropped significantly by 5.3 percentage points m-o-m to 50.3 per cent, down 1.3 percentage points y-o-y. Aluminium billet...
Image for representational purpose After months of leaks from its red mud containment lakes, Atlantic Alumina’s refinery near Gramercy has submitted a site investigation work plan to the Louisiana Department of Environmental Quality (LDEQ), marking a critical step in addressing environmental...
On Friday, the deputy chairman of the western region of the Confederation of Indian Industry (CII), Vir S Advani, shared that air-conditioning and refrigeration producing companies are shifting towards aluminium. This decision aims to help reduce reliance on copper, especially when the price...
From the previous close, the London Metal Exchange (LME) aluminium prices recovered with a steady increase. LME inventory side, on the other hand, recorded a steady figure, an improved figure, as well as a declining trend as earlier. On February 20, the LME cash bid increased by 0.88 per cent from...
