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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President of Rusal and En+ Group Oleg Deripaska has stepped down from his post and Vladislav Soloviev, the previous CEO of Rusal has been appointed as the CEO of En+ and the President of RUSAL. Alexandra Bouriko, previously Chief Financial Officer of RUSAL will take up the position of the Chief Executive Officer of RUSAL. As CEO, Alexandra Bouriko’s focus will be on the Company’s long-term development, through implementation of RUSAL’s facilities efficiency programme as well as the introduction of modern technologies, designed to cut down the environmental footprint. She will also drive the output growth of value-added products, which is the current focus of the company. Development of the domestic market and continued expansion of aluminium applications cross-sector would be her other...
Century Aluminum Company today announced fourth quarter and full year 2017 results. Q4 2017 Highlights Century Aluminum Company reported net income of $35.8 million for Q42017 in comparison to the net income of $20.8 million for the third quarter of 2017. Results were favourably driven by a $7.3 million non-cash gain. Adjusted net income for Q42017was $24.8 million compared to adjusted net income of $14.4 million for the third quarter of 2017. Century reported adjusted EBITDA of $60.2 million in Q42017, up $12.3 million from the third quarter of 2017, primarily driven by higher LME prices, partially offset by higher raw material costs. Sales for Q42017 were $433.8 million compared with $400.6 million for the third quarter of 2017. Primary aluminium shipments stood at 189,000 tonnes...
Mexico’s exports of aluminium scrap, a significant resource to be used as raw material to produce secondary aluminium, represent 1.4% of the total exports. Following an increase in 2016, exports of aluminium scrap from Mexico decreased in 2017. The country is estimated to witness a decrease in exports of aluminium scraps this year. The top destinations of Mexico aluminium scrap exports are Hong Kong, Brazil, the USA, and Taiwan among others. China, importer of Mexican aluminium scrap, imported 4892 tonnes of this product in 2017, up 32 per cent YoY. Data shows the total aluminium scrap export by Mexico stood at about 38300 tonne in 2017. The total revenue from the export stood at US$ 52.7 million. The country exported an estimated 164945 tonnes of aluminium scrap and the revenue from the...
A consortium of four European organizations has developed a method for producing self-reinforced fuselage panels by applying aluminium wire to said panels via additive manufacturing. Firms Stelia Aerospace and CT Ingénierie, and École Centrale de Nantes, all of France, and Constellium of the Netherlands developed the groundbreaking method under the auspices of their research and technology project DEFACTO (DEveloppement de la Fabrication Additive pour Composant Topologique). Source: Stelia Aerospace The project distilled the technology into the form of a small robotic tool that merges printed aluminium wire onto the surface of an aircraft’s fuselage, then fixing it in place by electric arc in a process known as WAAM (Wire Arc Additive Manufacturing). According to the project’s press...
Leading global aluminium producer UC RUSAL announced all-round growth in terms of performance (production and sales) as well as income for the 12-month period ended December 31, 2017. The Russian aluminium giant with fully-integrated aluminium value chain operations posted 24.9 per cent increase in revenue, 42.4 per cent increase in adjusted EBITDA margin, and 268.8 per cent increase in adjusted net profit from the last financial year, on the back of strong LME aluminium prices and steady demand. Source: South China Morning Post Rusal’s total revenue for the year ended December 31, 2017, stood at US$9,969 million (against US$7,983 million in 2016), adjusted EBITDA was US$2,120 million (compared to US$1,489 million in 2016), and adjusted net profit margin climbed to 10.8 per cent (from 3.7...
As reported by Shanghai Metals Market A00 ingot price has gained substantially today with the pickup of trading after the Chinese New Year Holidays. Average Aluminum Ingot prices have gained to stand at RMB 13,940 per tonne. The prices are expected to move within a range of RMB 13,920-13,960. Spot discount will range within RMB 280-240 per tonne today. China’s aluminium production in January rose to 2.88 million tonnes, from 2.71 million tonnes in December. Unreported output was estimated at 310,000 tonnes in January, in line with the level seen in December, IAI data showed. This shows how aluminium producers were slowly returning to action after the environmental crackdown drives were saturated. Average primary ingot prices saw the biggest gain in the North China market at RMB 270 per...
Constellium published results for the fourth quarter and full year ended December 31, 2017. Revenue stood at €5.2 billion, up 10% compared to last year due to higher aluminium prices. The company reported adjusted EBITDA of €431 million in 2017, an increase of 14% from 2016 on improved results from the A&T and the AS&I segments. Shipments of 1.5 million metric tons, up 1% compared to 2016 on higher shipments in AS&I partially offset by lower shipments in P&ARP and A&T. Net loss of €31 million, which includes the effects of the refinancings and U.S. tax reform. For the fourth quarter of 2017, the company’s shipments increased to 350 thousand metric tons on higher shipments in AS&I. Revenue and adjusted EBITDA were €1.2 billion and €100 million respectively. In Packaging & Automotive Rolled...
Benchmark aluminium price on London Metal Exchange inched slightly higher on Thursday, February 22, as US dollar index weakened lifting prices across the board. The light metal contract closed at US$2,194 per tonne, up from US$2,190 per tonne on Wednesday, February 21. Shanghai Metals Market analyses that LME aluminium will trade at US$2,172-2,200 per tonne range on Friday, February 23, after testing resistance at the five-day and 20-day moving averages. The support is identified at the 10-day and 60-day moving averages. As on February 22, LME aluminium cash (bid) price stands at US$2,193.50 per tonne, LME aluminium cash (offer) price stands at US$2,194 per tonne; 3-months bid price stands at US$2,180 per tonne, 3-months offer price is US$2,182 per tonne; Dec 19 bid price stands at...
Alumina Limited released its full year 2017 results on Thursday, 22 February 2018. The company reported a statutory net profit after tax of US$339.8 million for the full-year 2017 in comparison to a net loss of US$30.2 million in 2016. Excluding special items net profit after tax would be US$363.1 million. Alumina declared a final, fully franked dividend of 9.3 US cents per share. Commenting on the results, Alumina’s Chief Executive Officer, Mike Ferraro, said, “This has been an outstanding result for Alumina, after a period of difficult market conditions and hard restructuring decisions. We are now in a different phase during which the market fundamentals have strengthened and the exceptional quality of AWAC’s Tier 1 assets is clearly demonstrable in the result.” He attributed the...
High Court has set February 5, 2018, to give a ruling on in a suit filed against Ashanti Regional Minister by Exton Cubic Group over the seizure of their mining equipment. The Attorney General yesterday explained to the High Court Human Rights Court Division that the State needs more time in Exton Cubic suit against the minister. Exton Cubic had filed a suit against the Ashanti Regional Minister and the District Chief Executive of the Atwima Mponua District on August 20, 2017 for seizure of their mining equipment. The Ashanti Region Minister has also confirmed that minister will release seized equipment belonging to company’s sub-contractor, Ibrahim Mahama’s Engineers and Planners (E&P) if officially informed by the Attorney General department. Government has decided to release the seized...
Global aluminium household market is readying for a big rejig after a lull for over a decade now. A recently published market research report predicted a 20-45 per cent or above growth rate for the global aluminium kitchenware category only, in the developed economies. Globally, household articles and kitchen ware industry players who have been relying on stainless steel and other materials till now, are again shifting their focus on aluminium because of its lightness and endless recyclability. With advancements in coating technologies, the market will grow at a steady pace in the years to follow. France remains a major exporter of aluminium household articles, followed by Germany and other European countries. During the past three years, from 2015 till 2017, France exported 80657.5...
Trading starts in China at a sluggish pace after the Chinese New Year and there is no such significant movement in the prices of commodities and the raw materials other than the substantial drop in A00 aluminium ingot prices. According to Shanghai Metals Market, China’s social inventory of refined aluminium including SHFE warrants amounted to 1.96 million tonnes as of Thursday February 22. This is up from 1.82 million tonnes recorded on Wednesday February 14, before the Chinese New Year holiday. The current inventory status in the major Chinese cities is as follows: Average Aluminum Ingot prices dropped RMB 310 per tonne today to stand at RMB 13,700 per tonne. The prices are expected to move within a range of RMB 13,680-13,720. Spot discount will range within RMB 300-260 per tonne today....
The State Cabinet in its meeting held yesterday, February 21, has approved the amendment of the long-term linkage policy to facilitate bauxite linkage. Chief Secretary Aditya Prasad Padhi said 70 per cent of the saleable stock of bauxite will be made available for long-term linkage and the balance 30 per cent sold through national e-auction. Padhi said: “As a general principle in the national e-auction, Odisha Mining Corporation (OMC) will directly deal with the end-user industries. Participation by traders will be considered only if there is persistent lack of adequate response from end-user industries.” The decision will enable Vedanta Limited to source bauxite from OMC on a long-term basis at auction rates. Vedanta has been struggling to source bauxite for its Lanjigarh alumina...
The European aluminium industry continues to greatly improve its environmental performance by substantially reducing its carbon intensity across the entire aluminium value chain. This is the main outcome of its new Environmental Profile Report, released today by European Aluminium. Commenting on the findings, Gerd Götz, Director General of European Aluminium, said: “The report demonstrates that the industry is delivering on its aim to realise the industry’s greenhouse gas reduction potential towards 2050 as set out in the Sustainability Roadmap Towards 2025. Aluminium production in Europe now leads the world in most aspects of low-carbon production. For instance, the carbon intensity of European primary aluminium production is approximately three times lower than in China, which is the...
Indian aluminium sector is growing fast and is rising up to a whole new world of opportunities. With both demand and consumption of the metal in positive territory, and bullish price trends, the time is perfect for producers to move beyond their traditional strengths in electrical, transport and building segments and shift gears to the emerging applications offered by the defence and aerospace domains. Aluminium alloy requirements in the Indian defence sector are substantial.( Make in India focus: DMRL developing aluminium alloy technologies for critical defence applications ) Many applications have traditionally used aluminium alloys with improved mechanical properties. There is however, a serious need for regular supply of high purity aluminium with state of the art processing...
Benchmark aluminium price on London Metal Exchange was mostly lower during the Asian morning trading hours on Wednesday, February 21, as buyers backed away to wait and watch what China did with prices once it returned to trading on February 22. The light metal contract fell back at US$2,190 per tonne yesterday from US$2,239 per tonne on Tuesday, February 20. Edging up of the US dollar index on renewed Japanese concerns over the yen’s strength also kept the pressure on LME aluminium. As on February 21, LME aluminium cash (bid) price stands at US$2,189.50 per tonne, LME aluminium cash (offer) price stands at US$2,190 per tonne; 3-months bid price stands at US$2,175 per tonne, 3-months offer price is US$2,176 per tonne; Dec 19 bid price stands at US$2,215 per tonne, and Dec 19 offer price is...
Maxion Wheels, the world’s largest wheel manufacturer, held a ground breaking ceremony (Bhoomi Poojan) at the site of its aluminium wheel plant in Khed City, Pune. The ceremony was attended by company dignitaries, customers, suppliers and associates on February 19. Pieter Klinkers, CEO of Maxion Wheels said: “With our new Pune passenger car aluminium wheel plant, Maxion Wheels becomes the first global light vehicle aluminium wheel producer in the Indian market. We responded to our growing global customers’ requests, and made the investment to join them in the world’s fastest-growing economy.” The facility will manufacture four million aluminium wheels annually. The aluminium wheel plant will produce low pressure die cast aluminium wheels with a high-end wheel finish. Start of production...
Aluminium alloys have emerged as the most preferred material for a variety of space and defence applications due to its high strength-to-weight ratio, high corrosion resistance, high stress corrosion cracking resistance, high weldability, easy fabricability and excellent recyclability. According to a spokesperson of Defence Research and Development Organisation (DRDO), India’s defence applications require about eight to ten thousand tons of speciality aluminium alloys per annum and this requirement will increase as more DRDO programmes attain the production status and as the Indian armed forces modernize with time. Defence Metallurgical Research Laboratory (DMRL), a research wing of DRDO, has emerged as the centre for taking up development-cum-production orders from various DRDO...
