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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Recycled aluminium alloy producers from across the United States formed the Aluminum Recyclers Council (ARC) in January 2018, a press release from the newly formed organization confirms. The Council was formed in order to have a unified voice for these key industry participants in dramatically changing industrial and market scenario. The mission of ARC is to promote and defend the domestic aluminium recycling industry and establish a business excellence program. The organizatin will focus on operational efficiency, environmental leadership and worker safety. “Too often, our industry is left without a voice in legislation and regulation impacting our businesses and the lives of all our employees,” said Luke Palen, President of Spectro Alloys Corporation, and elected as the first Chairman...
Novelis, the biggest buyer of aluminium in the US, says President Donald Trump’s proposed tariffs on the metal don’t “get at the core issue” of Chinese overcapacity and will only increase costs for consumers. The Atlanta-based company, which makes aluminium for the car and beverage can industries, said it customers are concerned about price inflation following Mr Trump’s announcement that he planned to set a 10 per cent tariff on all imports. “At the end of the day what we’re doing is increasing the cost to end market consumers and customers,” said Steven Fisher, chief executive of Novelis. “We’re not really getting at the core issue.” The US should instead work with its trading partners to resolve Chinese aluminium overcapacity and subsidies the industry receives, Mr Fisher said. “It’s...
Poland’s imports of commodities increased 10.9 percent year-on-year to EUR 16,500 million in December 2017. The country imports good amount of aluminium household articles from the global market. China and Italy are the key countries from where Poland sourced maximum volume of aluminium household articles. China and Italy exported about 5948 tonnes and 2121 tonnes of aluminium household articles respectively in 2017, according to recent statistics. International trade data shows that Poland imported about 9228 tonnes of aluminium household articles in 2017, down from 10914 tonnes a year ago. The total aluminium household articles import volume is expected to increase to 9390 tonnes in 2018.. Poland's total import of aluminium household articles was valued at US$63 million in 2016. In...
Aluminium prices in China are range bound today on the announcement by VC of the National Development and Reform Commission (NDRC) that China will continue to cut aluminium capacity in 2018. Since, no specific policy was announced; SMM observes market fundamentals to have more impact on the price movement in the near term. Average A00 Aluminum Ingot prices increased from RMB 14,060 per tonne to stand at RMB 14,080 per tonne. The prices are expected to range within RMB 14,060 to RMB 14,100 per tonne and spot discounts are expected to settle at RMB 160 to 120 per tonne. Average primary ingot prices registered mixed trend across all domestic markets registering moderate increase in a few markets and dropping in another. Aluminum Alloy (ADC12) price in South China market has registered an...
With the US dollar hovering around the 90 level at the backdrop of the trade war between the US and other countries, base metals are expected to remain rangebound. LME aluminium started the week with a drop and remained almost flat today. In the short term, Shanghai Metal Market expects the US dollar to continue to hover at 89.9 with resistance. LME aluminium is struggling to stay afloat under increasing downward pressure and closed almost flat at US$ 2136 per tonne on March 6. The contract is gaining support at the five-day moving average. The contract is expected it to trade at US$2,140-2,160 per tonne today. As on March 6, LME aluminium cash (bid) price stands at US$ 2135.50 per tonne, LME Official Settlement Price stands at US$ 2136 per tonne; 3-months bid price stands at US$ 2154.50...
Brazilian court has rejected Norsk Hydro’s request to resume operations at its Alunorte alumina refinery. The company had appealed to a higher court after a regional court ordered it to cut production by 50 per cent at its alumina refinery. On Friday, Hydro issued force majeure notice following orders from federal, state and local authorities to cut alumina production. The force majeure notice was issued after a period of extraordinary rainfall led to flooding in Barcarena, where Alunorte is situated. Hydro has been accused that the rain had led to spills from Alunorte into the nearby Para river and caused contamination. Hydro’s Chief Executive Richard Brandtzæg told Reuters on Monday the company was unsure when it would be able to resume full operations at Alunorte. Hydro Alunorte,...
Since Press Metal Aluminium exports minimal amount of primary aluminium products to the United States, Trump’s proposed tariffs on aluminium and steel imports will have minimal impact on its business. Malaysia’s Press Metal said in an exchange filing on Monday, March 5. “We understand that the market is concerned after learning about the potential tariff on aluminium which may be implemented by the US. We have been monitoring this development and we feel the current direct impact to our business is minimal.” “Press Metal exports a very minimal amount of its primary aluminium products to the US. Including extrusion products, our exposure to the US market is less than 1% of our total revenue,” company said. The company said that primary aluminium consumption in the US was almost six million...
Ardagh Group announced today, following the recent completion of a significant investment project, it will now supply two additional beverage ends from its Deeside plant: the 200 B64 and the 202 CDL ends. This follows the conversion of its final 202 B64 module to the more sustainable 202 CDL end. “Our goal is to remain a leading supplier of inherently sustainable packaging by continuously pursuing superior solutions,” said Oliver Graham, CEO Ardagh Metal Beverage. “This significant investment in Deeside strengthens Ardagh’s position in the market place and allows us greater flexibility in end sizes to support both existing and new customer requirements.” The Deeside UK plant was established in 1988 to produce 206 diameter ring pull ends. In 1994, the plant converted to 202 B64 aluminium...
President Donald Trump announced that his tariffs plan on imported aluminium and steel might be exempted Mexico and Canada if they agree to a new & fair NAFTA agreement. "We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for USA. Massive relocation of companies and jobs. Tariffs on steel and aluminium will only come off if new & fair NAFTA agreement is signed," Trump tweeted on Monday. The US, Canada, and Mexico are currently negotiating the North American Free Trade Agreement (NAFTA). President Donald Trump said that he will impose a 10 per cent import tariff on aluminium and 25 per cent on steel to safeguard U.S. producers. Trump is expected to formalize his tariffs plan this week.
Emirates Global Aluminium, the largest industrial company outside oil and gas, has signed a Memorandum of Understanding with Abu Dhabi Ports, to work together to develop opportunities for Abu Dhabi Ports to upgrade ports, logistics infrastructure and services abroad used by EGA to load raw materials destined for the UAE. The agreement could lead to new international business opportunities for Abu Dhabi Ports, enable more efficient shipping for EGA, and spur economic growth around the ports by creating opportunities for other trade. The agreement was signed at EGA’s headquarters at Al Taweelah in Khalifa Industrial Zone Abu Dhabi by Captain Mohamed Juma Al Shamisi, Chief Executive Officer of Abu Dhabi Ports, and Abdulla Kalban, Managing Director and Chief Executive Officer of EGA. Captain...
According to aluminium recycling statistics published by the U.S. Geological Survey, Department of Interior, the U.S. aluminium industry purchased an estimated 315,280 tonnes of aluminium scrap during December 2017, essentially unchanged from the December 2016 total. USGS estimates that recovery of aluminium and aluminium alloys totalled 282,000 tonnes , slightly less than that in November 2017 and December 2016, but 8% more than in December 2015. In total for 2017, preliminary data indicate that aluminium recovered from purchased scrap in the United States was about 3.7 million tons, of which about 57% came from new (manufacturing) scrap and 43% from old scrap (discarded aluminium products). Total recovery from scrap in 2017 was slightly more than that in 2016 and 8% more than that in...
Italy’s exports of commodities have increased during the last five years. Italy’s aluminium bar rods and profiles exports accounts for 1.8% of the total exports of the country. The country’s exports of aluminium bar rods and profiles are projected to decline in 2018. Global import-export data reveals that Italy exported 189046 tonnes of aluminium bar rods and profiles in 2016. Italy exported aluminium bar rods and profiles worth USD699 million. Italy’s exports of aluminium bar rods and profiles increased to 203903 tonnes and value of this product stood at USD 1.5 billion in 2017 (estimated). In 2018, the total export volume of aluminium bar rods and profiles is estimated to decline to 181979 tonnes and the value of export is projected to reach USD 1.4 billion. The top destinations of...
With the growing domestic aluminium inventory and slow demand, both alumina and aluminium prices in China registered fall yesterday. However, China has registered a rise in prices of A00 aluminium ingot prices today. Primary aluminium ingot price also increased across all markets. Average A00 Aluminum Ingot prices increased from RMB 13,960 per tonne to stand at RMB 14,060 per tonne. The prices are expected to range within RMB 14,040 to RMB 14,080 per tonne and spot discounts are expected to settle at RMB 150 to 110 per tonne. In an update from SMM, China's social inventory of refined aluminium including SHFE warrants amounted to 2.19 million tonnes as on Monday March 5, according to data. This is up from 2.13 million tonnes recorded on Thursday March 1. Primary ingot prices registered an...
With the US dollar hovering around the 90 level at the backdrop of the trade war between the US and other countries, base metals saw mixed trading. LME aluminium started the week with a drop. In the short term, Shanghai Metal Market expects the US dollar to continue to hover at 89.9 with resistance, and base metals to remain rangebound. LME aluminium is facing increasing downward pressure and closed further down at US$ 2135 per tonne on March 5. The contract is gaining support at the five-day moving average. SMM expects it to trade at US$2,135-2,160 per tonne today. As on March 5, LME aluminium cash (bid) price stands at US$ 2134.50 per tonne, LME official settlement price stands at US$ 2134 per tonne; 3-months bid price stands at US$ 2140 per tonne, 3-months offer price is US$ 2140.50...
All the mining equipment belonging to Exton Cubic Group Limited, which was seized on the instruction of the Ashanti Regional Minister, Simon Osei Mensah, and the District Chief Executive of the Atwima Mponua District, has been released. Simon Osei Mensah has directed the regional police command to release equipment belonging to company’s sub-contractor, Ibrahim Mahama’s Engineers and Planners (E&P). "You are to take the particulars of all the equipment before their release. Additionally, they should acknowledge receipt of same. Thanks for your support and co-operation," according to a letter sighted by Citi News from the Ashanti Regional Coordinating Council to the Ashanti Regional Police Command. The company had filed a suit against the Ashanti Regional Minister and the District Chief...
HP has announced the launch of the next-generation Spectre x360 laptop in India. The model comes with a CNC machined aluminium body in dark ash silver colour. The company claims that new HP Spectre x360 is one of the thinnest convertible notebooks currently available in the market. Vickram Bedi, Senior Director - Personal Systems, HP India, said: "Our Spectre portfolio is redefining the premium PC segment, providing unique user experiences that inspire creativity and unlock limitless opportunities to bring incredible ideas to life. The newest Spectre laptops further demonstrate our endeavour to find new and exciting ways to drive momentum in the premium PC market." The new HP Spectre x360 features the 8th generation Intel quad core i5/i7 processor. The model has 16GB of LPDDR3 RAM and...
The International Monetary Fund announced on Friday that President Donald Trump’s decision to impose tariffs on imported aluminium and steel is likely to cause damage to the United States and global economies. IMF has urged countries to constructively resolve trade disagreements. “The import restrictions announced by the U.S. President are likely to cause damage not only outside the U.S., but also to the U.S. economy itself, including to its manufacturing and construction sectors, which are major users of aluminium and steel,” IMF spokesman Gerry Rice said in a statement. “We are concerned that the measures proposed by the U.S. will, de facto, expand the circumstances where countries use the national-security rationale to justify broad-based import restrictions. We encourage the U.S and...
Hydro's CEO Svein Richard Brandtzæg has appointed CFO Eivind Kallevik as interim head of Bauxite & Alumina with immediate effect, replacing Silvio Porto, in response to the challenging situation at the Alunorte alumina refinery that is currently operating at 50 percent capacity. Kallevik will at the same time remain in his position as CFO. Brandtzæg will further commission an independent review of Alunorte by an internationally renowned environmental consultancy, announced measures to assist local communities in Barcarena, and established a project to review and consider further strengthening the robustness of the water treatment at Alunorte, to be led by former head of Bauxite & Alumina Silvio Porto. "The challenging situation at Alunorte requires a dedicated focus and organization...
