AMAG Group reported around a 59 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 181 million (USD 202 million) in the first nine months of 2026, compared with EUR 114 million (USD 127 million) in the same period last year. Revenue rose 16.4 per cent to EUR 1.3 billion (USD 1.4 billion) from EUR 1.1 billion (USD 1.2 billion) in the first three quarters of 2025. Net income after taxes increased about 142 per cent to EUR 82 million (USD 91 million), up from EUR 34 million (USD 38 million). The Austrian aluminium producer attributed its performance to strong operations at its Ranshofen site, higher shipment volumes in the Rolling Division, and attractive market conditions for its Canadian aluminium smelter interest, Alouette. Cost-efficiency...
The London Metal Exchange (LME) aluminium price graph broke the rising streak on October 29, cooling after maintaining an upward trend for seven consecutive sessions. The session reported declines of nearly 1 per cent across the cash and near-term contracts over the October 28 close . The LME aluminium cash bid price dropped by 0.95 per cent from USD 3,100 per tonne to USD 3,070.5 per tonne. The offer price slipped from USD 3,101 per tonne to USD 3,071 per tonne, down 0.98 per cent day-on-day. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,083.5 per tonne to USD 3,062 per tonne, decreasing by 0.7 per cent. The offer...
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The Romanian aluminium producer Alro Slatina reported at Aluminium 2024 in Dusseldorf that its carbon footprint has reached beneath the average level in Europe. The company even stated that it feels optimistic ahead of the Carbon Border Adjustment Mechanism (CBAM), which will be imposed by Europe and target imports of carbon-intensive goods, including aluminium. At the same event, a representative from Vimetco Extrusion, Alro's downstream subsidiary, also underscored that European aluminium producers will come under the global spotlight when the Carbon Border Adjustment Mechanism becomes mandatory in 2026. Vimetco Trading general manager Florin Verboncu said customers' focus would also shift to European low-carbon aluminium. "Demand is going well. The trend is that next year customers,...
In a strategic move to broaden its influence within the architectural and construction sectors, profine Group has announced the acquisition of EFP International B.V. (EFP), a Netherlands-based company with a global presence. EFP specialises in the design, development, and production of aluminium profile systems, marketed under the brand ‘EFP European Facade Products,’ catering primarily to the architectural facade industry. The owner and CEO of profine Group, Dr Peter A. Mrosik, stated, “This acquisition will unite two forces with the common goal of transforming the facade industry by offering innovative solutions to our valued customers while pursuing a sustainable approach to preserving our environment, which is our primary concern.” According to industry sources, EFP’s product range...
Alumina futures on the Shanghai Futures Exchange soared to a new record, driven by bauxite supply disruptions from Guinea and sustained demand from China. On Friday, alumina prices surged by as much as 6.4 per cent, reaching RMB 4,630 ($655) per tonne on the Shanghai Futures Exchange, marking the highest level since the contract's debut in June 2023. In tandem, the price for alumina shipments from Western Australia also saw a significant rise, climbing to $550 per tonne, the highest level recorded in data going back to 2021. The tightening market for alumina, a key feedstock for aluminium smelters, is primarily attributed to supply chain challenges and resilient Chinese demand, which continues to bolster prices. This development highlights growing concerns about alumina availability as...
In August, an impressive 18-foot aluminium sculpture was unveiled in Muscle Shoals, AL, honouring the region's rich musical legacy. The aluminium used for the artwork was supplied by Constellium's plant in Muscle Shoals, highlighting the connection between the local industry and the cultural tribute. The sculpture not only honours the region's rich musical heritage but also serves as a testament to the significant role of the aluminium industry in the area. The statue is a striking depiction of a trumpet player resembling William Christopher (W.C.) Handy—born in nearby Florence, AL—pays tribute to his lasting contributions to the music world. Standing tall, the sculpture celebrates the legendary Father of the Blues, whose life and influence are commemorated each year through the W.C....
According to LME data released on October 10, 2024, the proportion of Russian-origin aluminium stock in London Metal Exchange (LME) approved warehouses saw a marginal decline in September, falling to 66 per cent from 67 per cent in August. However, the data indicated that aluminium of Indian origin experienced a slight uptick, rising to 32 per cent from 31 per cent. Total on-warrant aluminium stocks in LME-registered warehouses, regardless of origin, rose by 13 per cent in September—marking the first increase after three consecutive months of decline. This followed a significant jump in May after the LME decided to ban all Russian aluminium, copper, and nickel produced from April 13 onwards. The ban aimed to comply with sanctions imposed by the US and the UK in response to the...
In a bold statement on October 8, 2024, Tony Wenas, President Director of PT Freeport Indonesia, one of the world's leading mining and ore processing companies, expressed his support for the potential removal of government regulations that currently restrict the duration of mining concessions. Wenas highlighted that many countries do not impose time limits on mining operations, provided that concession holders adhere to responsible and sustainable mining practices. This perspective underscores a growing recognition of the need for regulatory frameworks that foster long-term investments in the mining sector while ensuring environmental stewardship. Wenas's comments could pave the way for significant changes in Indonesia's mining policies, promoting a more flexible approach that aligns with...
Zouping Hongfa Aluminum Technology has bagged the first-ever Resource Recycling Product Evaluation Certificate in China's aluminium deep processing industry. Over the past year, with support from the enterprise management department, Zouping Hongfa Aluminum Technology conducted an extensive investigation, developed standards, and underwent an on-site audit for resource recycling. This certification, awarded at the highest AAA level, received unanimous praise from the expert group of the China Quality Certification Centre for its excellence in process control. The recycling of green and low-carbon recycled aluminium has become a crucial pathway for the global aluminium industry to achieve sustainable development. Zouping Hongfa Aluminum Company has diligently implemented the group's "Green...
Novelis Inc., an American industrial aluminium company renowned for its flat-rolled product manufacturing and recycling expertise, has signed a strategic three-year agreement with TSR Recycling. This contract strengthens their long-standing partnership to supply approximately 75,000 tonnes of pre-sorted and processed end-of-life aluminium scrap for producing automotive-grade aluminium sheets. This collaboration plays a key role in driving the decarbonisation of the aluminium industry, not only in Europe but globally. “They consist of very specific alloys with pretty tight specifications, made from 100% post-consumer scrap. We have very strict quality management in place. TSR136 in particular was designed as a sustainable P1020 substitute. We designed it with billet producers in mind, and...
In a major milestone for India's aluminium industry, Vedanta Aluminium has become the first smelter in the country to successfully implement the London Metal Exchange (LME) Passport program. This development positions Vedanta Aluminium, India's largest aluminium producer, as only the fifth primary aluminium producer globally to establish a direct digital connection for the submission of Certificates of Analysis (CoA) to the LME's Passport platform. The LME Passport, a digital solution for managing metal quality documentation, automates the submission of CoAs, ensuring streamlined operations, enhanced traceability, and full compliance for metal shipments. By integrating this platform, Vedanta Aluminium is set to improve accessibility and transparency throughout its supply chain while also...
Ashanti Bauxite Limited, a joint venture between the Ghana Integrated Aluminium Development Corporation (GIADEC) and Rocksure International Limited, has announced ambitious plans to develop a bauxite mine with an integrated refinery in the Nyinahin-Mpasaaso area of the Ashanti Region. This initiative is part of the joint venture's Project 2, which aims to strengthen Ghana's global aluminium value chain position. A key milestone for the project was reached with the submission of the company's mining lease to Parliament for ratification, a critical step in moving the project forward. Once approved, the project will kick off in earnest, marking a significant development in the country's bauxite mining and refining ambitions. Notably, the lease includes a groundbreaking provision to allocate...
Aluminium demand in North America (US and Canada) has demonstrated an upward movement through the first half of 2024, marking a 5.2 per cent year-on-year growth, as shown by the Aluminum Association in its monthly Aluminium Situation report. “2024 continues to be a strong year for aluminum demand,” said Charles Johnson, president & CEO of the Aluminum Association. “Customers and end consumers have made it clear that they want sustainable, recyclable materials like aluminum. Our members are investing in production and jobs in the United States to help meet this demand both now and in the future.” Showcasing a steady advancement from 13,365 million pounds in H1 2023, North America’s aluminium demand this year is reported at around 14,056 million pounds. To this growth, aluminium sheet and...
Novelis, the world's leading aluminium flat-rolled products and aluminium recycler, is gearing up for high alloy recycling and strongly focuses on sustainable solutions for new industry standards. Novelis proclaims to effectively transition towards a circular economy as the company consistently promotes new closed-loop material cycles, collaborating intensively with clients, suppliers, and associates, recycling production and end-of-life product scrap. "Our priority to establish closed-loop material cycles and low-carbon aluminium solutions demonstrates that sustainability is at the heart of our corporate strategy," says SVP & President Novelis Europe while attending the Aluminium 2024 trade show in Dusseldorf, also stating, "Our product innovations and commitment to continuously increase...
India, often hailed as the land of gods and goddesses, has stepped into its vibrant festival season of 2024. This week marks the beginning of the grandest celebration in the eastern part of the country—Durga Puja. The United Nations Educational, Scientific and Cultural Organisation (UNESCO) in 2021 inscribed Kolkata’s Durga Puja on the list of Intangible Cultural Heritage of Humanity, which is the first time in Asia, giving the Bengalis and Indians a reason to rejoice. UNESCO recognised Durga Puja for its cultural significance. It draws millions of devotees and spectators to the streets, where they marvel at the artistic grandeur of the goddess Durga in her many forms. From intricately crafted clay and metal idols to modern fibreglass depictions, the goddess rises majestically from...
Rio Tinto has reportedly signed a contract with Arcadium Lithium plc, agreeing to acquire the latter for US$5.85 per share in an all-cash transaction. This acquisition will bring Arcadium’s world-class lithium business into Rio Tinto’s portfolio, expanding it from aluminium, copper, and iron ore to lithium. This acquisition, expected to close in mid-2025, will signify a groundbreaking collaboration between the aluminum and lithium industries. Lithium is an essential component used alongside aluminium for manufacturing aluminium-lithium (Al-Li) alloys used in aerospace technology and aeronautic applications because of its low density. Adding 1 per cent lithium by mass to aluminium reduces alloy’s density by 3 per cent and increases elastic modulus by 6 per cent. Lithium-aluminium is also...
Norsk Hydro, the Norwegian aluminium and renewable energy company, has signed a letter of intent with Dutch yacht builder Vaan Yachts BV to advance circularity in the yachting industry. Building on five years of collaboration, the two companies aim to develop aluminium sheet material for Vaan's premium catamarans with the highest possible share of recycled post-consumer scrap. Aims to reduce carbon footprint The goal is to achieve a carbon footprint of no more than 2 kg CO2e per kg of aluminium by 2025, which is half the footprint of Vaan's current hull plates and approximately 7.5 times lower than the global average for primary aluminium production. "At Vaan, we use aluminium for our catamarans not just for its strength and low maintenance but because it's fully recyclable. Our yachts...
Frizzy hair is an instant eyebrow-raiser, be it at a party, meeting, festivities or interview. If you face this and need an instant solution, it is not essential for you to carry hair treatment products only if you have a piece of aluminium foil on you. Recently, a wave of TikTok videos went viral where people rubbed aluminium foil on their hair, and voila, the frizz was gone. People hailed aluminium foil, a common food packing item found almost in every household, for saving them from awkward encounters and social embarrassments. To add viability to the hack, renowned beauty expert Jessica Harrington tried and confirmed the result. She said, "To test it out myself, I grabbed a piece of aluminium cooking foil about one foot by half a foot wide. I was working with day four hair, which...
A recent update informs that Japanese buyers are offered a revised aluminium shipment premium for the December quarter, slightly lower than the earlier quotation for the same period but higher than the previous quarter. The news came after four people directly involved in pricing talks reported. The latest negotiation has resulted in a 1.7 per cent decrease in aluminium shipment premium offered to Japan. Data reveals the premium is agreed at $175 per tonne, up by 1.7 per cent from $172 per tonne in Q3 2024. However, compared to the shipment premium offered in August for the December quarter, the new price is 5.4 per cent down from $185 per tonne. Supply chain constraint in Asia is still a major reason for the quarterly rise in Japan’s aluminium shipment premium. Aluminium ingot shipments...
Bonnel Aluminum, a subsidiary of Tredger Corporation, has collaborated with the United States of America Department of Labour and Aluminum Extruders Council(AEC) to introduce an apprenticeship programme specially designed to upskill the potential aluminium extrusion workers. With national accreditation and potential funding from the DOL, the programme is also available to existing employees who want to focus on a specific trade career path. The initial programme came in 2023 with an agenda to recruit and groom industrial maintenance technicians in a two-year apprenticeship regime. Later this year, the second phase of the programme was announced, specifically designed to train the aluminium extrusion press operators and die shop technicians. The second phase is all set to roll out in 2025....
