Mexico hopes to secure a favourable response from the United States to its request for lower tariffs on aluminium, steel and vehicles before the end of 2026, Economy Minister Marcelo Ebrard said. The Trump administration imposed 50 per cent tariffs on Mexican aluminium and steel and 25 per cent tariffs on vehicles, with an exemption for vehicles with US content. The duties were introduced on national security grounds under Section 232 of the US Trade Expansion Act. Speaking at a press conference in Mexico City, the Economy Minister said Mexican officials had presented technical arguments and supporting evidence to US authorities to justify reducing the tariffs. He argued that the United States runs a steel trade surplus with Mexico, making the tariffs on the metal unjustified from the...
A proposed AUD 3.7 billion data centre at the former Hydro Aluminium Kurri Kurri industrial site in New South Wales, Australia, could repurpose a major industrial property for digital infrastructure, with an estimated peak construction workforce of 1,210 people and around 254 ongoing jobs. The Kurri Kurri Data Centre project, proposed at Hart Road, Loxford, is seeking approval for the fit-out and operation of a large-scale data storage facility with a planned power consumption of 550.5 megawatts (MW). The development application, listed as a State Significant Development under reference SSD-128819490, is currently at the public exhibition stage. The proposal highlights how former aluminium industry sites could find new uses as demand for data storage and computing infrastructure expands....
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In Gujarat, India, Waaree Energies, within its Chikhli facility, has been added to the MNRE’s ALMM, which shall further aid in improving the overall capacity of 16.444 GW. With this listing in MNRE's ALMM, the firm's total capacity for manufacturing solar modules within the Indian territory is now expanded to 20.17 GW, which, however, also includes the capacity from Indosolar. As per the latest entry of ALMM, the inclusion of highly efficient module lines, which will be produced at the Chikhli facility, is expected. This shall further include the G12R tunnel oxide passivated contact (TOPCon), G12 TOPCon and the G12 heterojunction (HJT) modules. This expansion will extend the firm's range of certified technologies, which is required for conducting Indian projects. Sunil Rathi, the...
Image source: https://www.facebook.com/ At the conclusion of his China tour, Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, disclosed prospects of deepening cooperation and localising the manufacture of electrical equipment in Egypt. Discussions with Chinese companies focused on setting up production lines for high-voltage cable terminations, gas-insulated cable technologies using aluminium alloy conductors, solar power plants and raw material mining using advanced technologies. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The Minister met with the Chairman of the Ankora Group, Chen Xiaoling, the company specialising in smart electrical equipment, cable terminations, and transmission lines involving aluminium alloy,...
Explore- Most accurate data to drive business decisions with 50+ reports across the value chain Starting from January 1, 2026, aluminium and steel exports from India will face carbon-related duties. This is owing to the Carbon Border Adjustment Mechanism (CBAM) enforced by the European Union (EU), which comes into effect today. The Global Trade Research Initiative (GTRI) observes that while, apparently, the EU importers need to pay the CBAM levy, it is the Indian exporting industry, likely to bear the actual brunt of lowered aluminium and steel prices. The GTRI report states that in order to maintain the competitive edge, several Indian exporters may have to reduce metal (aluminium and steel) prices up to 15-22 per cent . This would let EU buyers absorb the carbon tax in their margins....
Vedanta Limited has recently announced the appointment of Ravi Shahi as Chief Commercial Officer ( CCO) for its Jharsuguda aluminium facility. The facility is one of Vedanta’s key manufacturing locations, and the revision in the leadership team is directed towards business growth in the true sense of the term. In his new role, Shahi will be responsible for strengthening the aluminium value chain and restructuring market-oriented strategies to nurture long-term commercial success. He will be coordinating multiple functions to ensure a smooth integration between upstream and downstream operations. Simultaneously, he will be leading operations for improving commercial rigour, efficiency and overall market responsiveness, as Vedanta looks for a stronger market position in the aluminium...
As the year drew close to the end, the London Metal Exchange (LME) aluminium prices inched further up from the previous close. The LME inventory, both opening stock and cancelled warrants, however, decreased from the day before. Both the LME cash bid and offer rose by USD 23 per tonne or 0.8 per cent, where the bid reached USD 2,967.5 per tonne from USD 2,944.5 per tonne and the offer price rose to USD 2,968 per tonne from USD 2,945 per tonne. The upward trend continued for the LME 3-month bid and offer by USD 11 per tonne and USD 12.5 per tonne or 0.64 per cent, moving the bid to USD 2,988 per tonne, up from USD 2,977 per tonne and the offer at USD 2,990 per tonne from USD 2,977.5 per tonne. Don’t miss out- Buyers are looking for your products on our B2B platform At the forwards...
According to Benzinga Edge’s Stock Rankings, Alcoa’s share price has increased from USD 84.25 to USD 92.28, entering into the top 10th percentile of momentum-ranked stocks this week. The jump of 8.03 points within the share price has increased the confidence of the shareholders and investors, along with the overall growth in the global aluminium market. The effective growth in Alcoa’s share price has been driven by good returns along with comparatively lower volatility among all its competitors operating within the market. This upward trend of Alcoa has strategically aligned with the role of the company for supplying lightweight aluminium alloys to Ford Motor Co. for F-150 truck bodies and for aircraft engine components to RTX Corp.’s Pratt & Whitney division. Also read: Alcoa invests...
Aluminum Corporation of China Limited has provided an update on the formation of its previously announced joint venture with Chinalco, Yunnan Copper, Chihong Zinc & Germanium and Chinalco Capital. The new entity, Chinalco Qianxing (Chengdu) Technology Co., Ltd., has now been formally incorporated in the People’s Republic of China, highlighting a key step forward in the project’s establishment. According to the company, all participating partners other than Aluminum Corporation of China have already fulfilled their respective paid-in capital commitments. The company itself has so far injected RMB 100 million ( USD 14 million) towards its agreed total contribution of RMB 300 million (USD 42 million). In a subsequent development, the joint venture’s shareholders unanimously approved...
Across modern power systems, one of the important product is aluminium wire rods. Their growth mirrors the expansion of electricity networks around the world. Global aluminium wire rod usage has increased from 7.6 million tonnes in 2020 to about 8 million tonnes in 2023, to 8.16 million tonnes in 2024 and 8.32 million tonnes in 2025. The global wire and cable market, valued at USD 191.6 billion in 2022, is projected to grow at a CAGR of 6.30 per cent from 2023 to 2032. Much of this momentum is tied to transmission and distribution. Over seven decades, aluminium cables and conductors have taken the place of copper as the main carrier of electricity. Today, bare conductors account for 70 - 75 per cent of the aluminium used in cable and conductor applications, with insulated cables forming...
Arfin India’s shares moved higher in Wednesday’s session on December 31, climbing by 2 per cent after the company disclosed a sizeable new contract in the aluminium conductors segment. The gain arrived after Arfin confirmed it had received an order worth INR 321 crore (USD 35.7 million) from Diamond Power Infrastructure, a development that investors viewed as a meaningful boost to the company’s forward revenue outlook. According to the contract, 11,000 tonnes of aluminium conductors will be supplied over 11 months ( amounting to 1,000 tonnes per month) starting in January 2026 and running through to November 2026. This execution pace implies an estimated monthly billing of around INR 29.20 crore ( USD 3.24 million), excluding GST, providing the company with a steady and predictable...
Axis International Ltd has initiated arbitration proceedings seeking USD 28.9 billion in compensation from Guinea, following the West African nation’s decision to revoke the company’s bauxite mining permit earlier this year. The United Arab Emirates-based firm confirmed that it has taken the dispute to a World Bank tribunal. The case comes amid a broader shift in Guinea’s approach to its mining industry. Home to the world’s largest bauxite reserves, the country has, over the past year, moved to strengthen state oversight of the sector. This has included cancelling and redistributing several mining permits as the authorities push for higher state revenues and increased local processing of raw materials. Explore- Most accurate data to drive business decisions with 50+ reports across the...
At the London Metal Exchange (LME) inventory, the aluminium alloy stocks held steady at 15 hundred tonnes, reflecting no change from previous levels. The stability indicates the inventory conditions to be consistent, as well as the market dynamics for aluminium alloy products to be traded on the global exchange. Current positioning Market equilibrium can be demonstrated via the aluminium alloy stock level, which indicates a stable market, with inventories steady at around 15 hundred tonnes. This directly reflects that the supply and demand for the aluminium alloy are nicely balanced. Also read: LME aluminium price trend: Historical context, 2025 market dynamics & 2026 price outlook Market indication The steadiness of the inventory levels shows that traders are maintaining a consistent...
Century Aluminum Company (CENX) shares hit USD 40.26 and reached a 52-week high. This landmark suggests an upward trajectory for the company since its stock price took off by 120.7 per cent over 2024 values. Considering a USD 3.75 market capitalisation, CENX has been resilient with significant momentum and reported a 20.15 per cent revenue growth. Image for referential purposes only (source: https://www.alcircle.com/) Explore- Most accurate data to drive business decisions with 50+ reports across the value chain However, although the one-year development reflects strong investor confidence in its aluminium industry prospects, doubts loom large over stock volatility. The data compiled by InvestingPro indicates stock trading at a high price-earnings ratio of 47.61, parallel to a...
The global aluminium industry in 2025 entered into a new era where carbon metrics are becoming just as important as cost and quality of the product. With new pricing benchmarks for low-emission products and the increasing impact of regulations like the EU’s Carbon Border Adjustment Mechanism (CBAM), low-carbon aluminium is facing a rising demand across sectors, but especially within the automobile industry. In 2026 and beyond, the rising demand for low-carbon aluminium will become a clearly defined and rise as a valuable segment, driven by unique price signals, market incentives and compliance needs. Recycled aluminium consumption in automotive sector In 2024, the global automotive industry, which includes passenger cars, commercial vehicles and motorcycles, recorded a total recycled or...
The bauxite industry this year has witnessed the biggest and most impactful development and that is the removal of the mining licence of Guinea Alumina Corporation (GAC), a subsidiary of Emirates Global Aluminium (EGA), in Guinea. The decision, formalised on August 6, 2025, has placed more than 2,000 direct and indirect jobs at risk and is expected to disrupt global bauxite supply chains. The move reflects Guinea’s firmer stance on controlling and managing its mineral resources. A strategic asset under pressure Since operations began in 2019, GAC has been one of Guinea’s largest bauxite producers, operating across a 690 km² concession in the Boké region. The mine holds hundreds of millions of tonnes of high-grade bauxite, supplying refineries and aluminium producers worldwide. Emirates...
The London Metal Exchange (LME) aluminium price on December 30 saw a significant rise from the previous day’s close. The expanded trend was seen in the LME inventory except for the live warrant, which witnessed a slight dip. Both the LME cash bid and offer rose by USD 31.5 per tonne or 1.1 per cent, where the bid reached USD 2,944.5 per tonne from USD 2,913 per tonne and the offer price rose to USD 2,945 per tonne from USD 2,913.5 per tonne. Don’t miss out- Buyers are looking for your products on our B2B platform The upward trend continued for the LME 3-month bid and offer by USD 19.5 per tonne or 0.66 per cent, moving the bid to USD 2,977 per tonne, up from USD 2,957.5 per tonne and the offer at USD 2,977.5 per tonne from USD 2,958 per tonne. At the forwards contract, the LME December...
Oricon Enterprises Limited has notified stock exchanges about sanctioning the sale of assets in its aluminium collapsible tube manufacturing facility in Maharashtra. The process of ratifying the manufacturing facility sale was carried out with adherence to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Image for referential purposes only Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The Board of Directors made the decision at the board meeting held on December 29, 2025, from 3:15 PM to 3:50 PM. They reviewed and issued formal approval of the sale of assets belonging to the aluminium tube manufacturing unit situated at Plot No. A-2/9, MIDC Murbad, Thane district, Maharashtra....
Tian Yuan Law Firm has advised on a landmark RMB 63.5 billion (USD 8.75 billion) merger involving two subsidiaries of Shandong Weiqiao Pioneering Group, setting a new record as the largest merger and acquisition undertaken by a privately owned company in China’s A-share market. The deal marks China Hongqiao Group ’s broader strategy to reposition its aluminium assets within the domestic capital markets. The company is one of the key subsidiaries of Shandong Weiqiao Pioneering Group, a major Chinese conglomerate with extensive interests in textiles and the growing market of aluminium. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain As part of the transaction, Hontron Aluminium Industry, a Shenzhen-listed unit of China Hongqiao, will acquire...
For centuries, glass bottles have been the gold standard in wine packaging, prized for their nonreactive nature and airtight seals that preserve flavour and aroma. Yet the wine industry is now reassessing this tradition as mobility, sustainability, and changing consumer habits reshape packaging priorities. Aluminium cans, once seen as a novelty, are emerging as a serious alternative, backed not just by convenience but by science. Image for representation only Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The preservation of wine's quality is one of the primary reasons it is typically sold in bottles. Glass is nonreactive, and the screw cap or cork creates an airtight seal that keeps oxygen from contaminating the liquid. In recent years,...
