Saudi Arabia’s aluminium consumption could climb to as much as 1.8 million tonnes a year by 2030, as the Kingdom ramps up infrastructure and industrial development ahead of the 2034 FIFA World Cup. Ahmad Al-Alshaikh, executive vice president of Maaden’s Aluminum Business Unit, said demand is expected to reach at least 1.6 million tonnes annually by 2030, up from around 1 million tonnes currently. Consumption could potentially double over the next five to seven years, he said. Speaking on the sidelines of the Fastmarkets International Aluminium Conference in Budapest, Al-Alshaikh said construction of 15 new stadiums for the football tournament is helping to support aluminium demand, Reuters reported. Major exhibitions and preparations for the World Cup are also expected to contribute to...
The story of the aluminium industry is starting a chapter wherein scrap availability, recycling technology, trade policy, carbon costs and demand growth are becoming increasingly interconnected. From the US and Canada to Europe, India, New Zealand and China, recent developments show that the global aluminium supply chain is being reshaped on several fronts at once. These developments point to a changing aluminium business model: access to metal alone may no longer be enough. Quality of recycled feedstock, domestic processing capacity, carbon intensity, trade exposure and the ability to meet increasingly specific customer requirements could become equally important competitive factors. Join the fourth edition of the webinar “Hedging for recyclers - Become an expert in 6 hours” by Jorge...
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Major Indian aluminium companies have faced a sharp decline in their share prices on June 19, with the Nifty Metal index falling below 0.5 per cent. Today, Hindalco Industries' share fell by 0.76 per cent at the closing, and NALCO’s by 2.87 per cent. Current geopolitical tensions, strong US dollars, and profit-taking are the significant causes of the decline in stock prices. Hindalco share price analysis On June 19, Hindalco Industries' closing price was recorded at INR 639.50 (USD 7.66) after opening the market at INR 643 (USD 7.70) reaching the highest price at INR 644.70 (USD 7.72). The previous day, the market opened at INR 643.85 (USD 7.71) and closed at INR 644.40 (USD 7.71), with the highest price reaching INR 646.85 (USD 7.75). A difference of 0.34 per cent is seen between today’s...
The European Union’s hallmark policy in the view of equitable trade and environment protection—the Carbon Border Adjustment Mechanism (CBAM)—seems fair on the surface, as long as its framework remains focused on preventing carbon leakage and blocking the influx of cheap, high-emission goods into the domestic market. Under CBAM, a carbon price is levied on imported goods, aligned with the carbon costs EU producers incur under the Emission Trading System (ETS). That sounds like a just deal for domestic producers, ensuring a level playing field. But what about EU-headquartered companies that relocated their operations abroad to escape carbon taxes? Here's where the issue arises as these companies will be required to purchase certificates that reflect the carbon emissions embedded in their...
SPIROL has expanded its range of aluminium press-in inserts by introducing new options made from 2024 aluminium. These additions, available in symmetrical (INS 50) and headed (INS 51) versions, complement the company's existing line of brass inserts. Image Source: SPIROL Threaded inserts are critical in strengthening plastic components and providing durable, reusable threads in bolted assemblies. They help maintain consistent seating torque and prevent plastic creep over time, which can otherwise undermine assembly integrity. Engineered for optimal performance and cost-efficiency, SPIROL's inserts come in various styles to suit different installation methods and application demands. The INS 50 and INS 51 series are designed for cold press-in installation, eliminating the need for heat and...
Early deals of Atlas Metals Group (AMG) plc reached 90 per cent after it announced Universal Pozzolanic Silica Alumina (UPSA) Ltd’s acquisition. The act is deemed to be a reverse takeover. The acquisition will be via an all-share offer, for which no figure has yet been disclosed. The proposal to undergo the reverse takeover has led to AMG's doubled share price, making it the best performer on the London Stock Exchange. On June 17, the AGM signed the non-binding letter of intent highlighting the intention for UPSA's reverse takeover. However, AMG has not yet provided any assurance of when or whether the reverse takeover will occur and continues to look for other potential acquisition opportunities. UPSA holds its right to pozzolanic silica alumina (PSA) in Australia, where they have...
According to the regional prosecutor's office, two workers were injured and hospitalised following a wall collapse at a bauxite mine operated by a subsidiary of Russian metals producer Rusal (RUAL.MM) in the Urals. The incident took place at a depth of 1,172 metres (3,845 feet) within the Cheremukhovskaya-Glubokaya mine, owned by Rusal’s subsidiary SUBR. The mine is recognised as the second deepest in Russia and ranks among the deepest globally. Authorities have initiated a safety compliance inspection at the facility in response to the incident. SUBR confirmed that the collapse occurred when the wall of one of the mine workings gave way and added that the miners were promptly brought to the surface. “The scene of the incident is being examined. Work at other mine levels is proceeding as...
In a bold step to boost the recycling of post-consumer aerosols (PCR), a three-month pilot project was kicked off on 2 June across Solihull in the West Midlands, England. Designed to uncover how aerosols are handled in household waste, the initiative will analyse kerbside collection data to paint a clearer picture of recycling habits. Spearheaded by Alupro through the UK Aerosol Recycling Initiative (UKARI) and delivered in partnership with SUEZ Recycling and Recovery UK, the project involves a deep dive into fully comingled waste streams. The analysis will be carried out by Sherbourne Recycling, home to one of the most advanced materials recovery facilities in the world. The key focus will be tracking how many aerosol containers are captured, sorted, and recycled, laying the groundwork...
With the United States slapping a steep 50 per cent tariff on Canadian steel and aluminium imports, Ottawa is now fast-tracking a self-sufficient economic response potent to reshape North America’s metals supply chain. At the centre of this pivot is a proposed ‘Buy Canadian’ policy, an industrial safeguard designed to protect Canadian producers and preserve jobs by mandating the use of domestic metal in government procurement contracts. Image for representational purposes only (Source: https://policyoptions.irpp.org/) Industry Minister Mélanie Joly confirmed this week that the government is actively considering procurement requirements for both infrastructure and defence projects that would prioritise Canadian-made metals. “These decisions are being taken as we speak,” Joly said,...
A new governing board has been inaugurated for the Ghana Integrated Aluminium Development Corporation (GIADEC), marking a renewed commitment to advancing the country’s bauxite and aluminium industry. The 11-member board, chaired by Kweku Sarfo-Buabeng, was officially sworn in by Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah. The Minister hailed the inauguration as a significant milestone in Ghana’s pursuit of long-envisioned industrialisation goals. He urged the board to prioritise value addition by moving beyond the export of raw bauxite and focusing on local refining and aluminium production. The Minister also called on members to end unsustainable bauxite haulage practices and ensure their strategies align with Ghana’s green transition objectives. Speaking at the...
Germany's renowned premium light alloy wheels manufacturer BOREBT, its wholly owned subsidiary DYMAG Technologies Ltd. and Advanced International MultiTech (AIM), a Taiwanese composite materials expert, have come together for the development of an advanced carbon wheel technology. Image source: borbet.de The collaboration focuses on enabling seamless integration of the OEM operations with carbon-hybrid wheels. DYMAG's patented BX-F design for this initiative is set to create new milestones in providing lightweight, high-performing wheel solutions. This shall meet the evolving demands in the automobile sector with a hike in efficiency, safety and performance, making it OEM-ready innovation. With the collaboration at focus, these firms aim to accelerate the development and industrialisation...
Futures Market: On the previous trading day's night session, the most-traded SHFE aluminium 2507 contract opened at RMB 20,650 per tonne, with a high of RMB 20,650 per tonne, a low of RMB 20,590 per tonne, and closed at RMB 20,645 per tonne, down RMB 35 per tonne or 0.17 per cent from the previous close. On the previous trading day, LME aluminium opened at USD 2,549 per tonne, with a high of USD 2,560.5 per tonne, a low of USD 2,537.5 per tonne and closed at USD 2,546.5 per tonne, up USD 1.5 per tonne or 0.06 per cent. Macro: (1) The US Fed maintained the benchmark interest rate unchanged at 4.25 per cent- 4.50 per cent, the fourth time it has kept rates steady since January. The Fed's dot plot indicates that it expects to cut interest rates twice in 2025 and 25 basis points each in 2026...
China remains the frontrunner in clean industry development, securing a quarter of the USD 250 billion of investment in clean plants to date, closely followed by the US at 22 per cent and the EU at 14 per cent. But a bloc of emerging markets including India, Egypt and Brazil, part of the ‘new industrial sunbelt’, is quickly catching up to countries with historic industrial bases, according to new data from the Global Project Tracker and accompanying report published today by Mission Possible Partnership (MPP). The ‘big three’ industrial leaders may soon be overtaken by a host of newly industrialising countries capitalising on favourable conditions for renewable energy production and building momentum in sectors at the forefront of a new clean industrial revolution. This shift points to a...
A confluence of factors like increased retail sales in China, muted inventories, and surge in bauxite prices has propelled the LME aluminium benchmark price to USD 2,530 per tonne, marking a new high since the beginning of the second quarter of 2025. Image source: London Metal Exchange Retail sales in China have surged at an unexpectedly strong pace, indicating that economic uncertainty has had little to no dampening effect on consumer demand. Despite facing approximately 165 per cent tariffs on aluminium from the United States, China continues to maintain strong momentum in its retail sector. That’s not all. China’s improved purchase management index (PMI) for the aluminium processing industry to 49.8 per cent in May, recording an 8.7 per cent year-on-year increase, has contributed to...
Raminfo, the India-based technology solutions provider, has secured an INR 474 crore (US$56.75M) contract from Rajasthan Renewable Energy Corporation Ltd (RRECL) to design, supply, install, and maintain rooftop solar photovoltaic (PV) systems totalling 73 MW. The solar panels will be installed on various state government buildings and affiliated establishments across Rajasthan. The project, to be executed under the Hybrid Annuity Mode (HAM), includes end-to-end operation and maintenance (O&M) services for 25 years. Raminfo will oversee the project through its subsidiary, Raminfo Green Energy Pvt Ltd, which holds a 51 per cent stake. Beyond installation, Raminfo will also deliver long-term operation and maintenance services, ensuring optimal performance and reliability of the solar systems...
A celebratory mood hovers around Speira because it has upgraded its plants in Grebenbroich and Toging by placing the first of the four new recycling furnaces. The new furnace replaced the ageing units with state-of-the-art systems, with a total capacity of 25 tonnes. The objective? Recycling of "low grades" means heavily contaminated scrap and dross produced during the melting process. Image source: IndiaMART With the vision of upgrading the recycling plant with four new furnaces, Speira has invested EUR 11 million (USD 12.68 million), ensuring greater efficiency, H2-readiness and improved occupational safety. With it, Speira has successfully placed the first of the four furnaces in Grebenbroich and Toging, naming it Bernhard. The CEO of the German-Norwegian aluminium company, Einar...
Beiersdorf has completed the expansion of its production centre in Poznań, Poland, following a €300 million investment. The project has doubled the facility’s capacity and generated over 200 new jobs, positioning the Poznań site as one of the most strategic and advanced manufacturing hubs within the DAX Group’s global production network. The addition of six advanced, fully automated production lines and a cutting-edge microbiology laboratory boosts the site’s annual production capacity to 500 million units. Supporting Beiersdorf’s net-zero emission goal This initiative is also expected to support Beiersdorf’s wider sustainability strategy, which includes increasing the use of recycled aluminium in products like NIVEA and other packaging formats. A key step toward Beiersdorf’s goal of...
Canada played host to this year’s G7 summit, marking its seventh turn at the helm of the influential bloc. In addition to the heads of state from G7 member nations and the European Union, which also participates in the summit, Canadian Prime Minister Mark Carney extended invitations to several non-G7 leaders. Among them were Mexican President Claudia Sheinbaum, who confirmed her attendance just days before the event following weeks of indecision, as well as Indian Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman. The high-level gathering was convened in Alberta, underscoring Canada’s renewed diplomatic posture under Carney’s leadership. “As vibrant democracies bound by deep people-to-people ties, India and Canada will work together with renewed vigour, guided by...
Global beverage giant The Coca-Cola Company and leading packaging manufacturer Toyo Seikan have jointly received the Research and Development Category prize at the 49th Kinoshita Award, hosted by the Japan Packaging Technology Association. The recognition comes for their groundbreaking achievement in developing the world’s lightest, most innovatively designed can for the 185g Georgia-brand coffee, launched in April 2024. The award celebrates the duo’s success in reducing material usage by 13 per cent compared to conventional cans of the same size, reducing the can body weight from 7.0 grams to an incredible 6.1 grams. This remarkable feat was made possible by Toyo Seikan’s proprietary Compression Bottom Reform (CBR) technology, which enhances can strength while minimising aluminium use....
Crown Holdings, Inc. has announced the promotion of Gary Gavin, currently President of the company’s North American Beverage Can business, to President of the Crown Americas Division, effective July 1, 2025. In this expanded role, Mr Gavin will oversee Crown’s beverage can operations across North America, Brazil, Colombia, and Mexico, as well as its North American tinplate businesses, which include food and aerosol cans and metal closures. He will report to Djalma Novaes, Jr, Executive Vice President and Chief Operating Officer, and will remain based in Tampa. Gary Gavin joined Crown in January 2023 after a distinguished 29-year career at International Paper Company (IP), where he held a series of increasingly senior roles spanning sales, operations, and general management. Djalma Novaes,...
