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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Australasian Metals Limited has identified substantially elevated gallium (Ga) levels during a re-evaluation of data from its May Queen South Bauxite project. These findings have the potential to significantly increase the value of the May Queen South Bauxite deposits. The increasing demand for gallium in the semiconductor industry is anticipated to open significant opportunities for the company. Results showing elevated gallium levels The May Queen South Bauxite Project, strategically situated in central Queensland, benefits from proximity to rail links that offer convenient access to both the Port of Bundaberg and the Port of Brisbane. The project boasts a JORC 2012-compliant Inferred Mineral Resource Estimate (MRE) of 54.9 million tonnes, with grades of 37.5 per cent total Al₂O₃, 5.2...
Red Magic, a renowned European brand with gaming PC, smartphone and tablet solutions, now delves further into the gaming world with its high-performing gaming laptops. The company's first gaming laptop, Titan 16 Pro, is built with an aluminium unibody chassis, enabling the machine to be lighter in weight, lighter on the pocket au contraire stronger inside out. This device boasts a sleek, premium matte finish and weighs 2.4 kg. Intel’s 14th-generation Core i9-HX processor and Nvidia’s GeForce RTX 4060 with 8 GB of VRAM enable this laptop to easily handle modern AAA games, 4K video editing, and 3D rendering. The laptop has an IPS LCD with a resolution of 2,560 x 1,600 px, 240Hz refresh rate, and a 16:10 aspect ratio, offering outstanding colour accuracy consistent with Nvidia G-Sync for...
Gemilang International Ltd (GML), a Malaysian manufacturer of buses and bus bodies listed on the Hong Kong Stock Exchange, has announced signing a contract with Al-Futtaim Auto & Machinery Company, a prominent mobility leader in the United Arab Emirates. Under this agreement, Gemilang will deliver 76 Volvo double-decker buses to the Dubai Roads and Transport Authority (Dubai RTA). FAMCO's regional managing director, Ramez Hamdan, emphasised that this project goes beyond the simple delivery of buses; it is designed to enhance Dubai's entire public transport infrastructure. The Dubai RTA project will include double-decker buses built on Volvo chassis featuring GML's advanced aluminium superstructure. This innovative design, utilising Constellium's aluminium alloy and a bolted bus body...
In the first half of 2024, the United States aluminium crude metal and alloy imports recorded a year-on-year decline of 7.04 per cent. Although the import volume increased Q-o-Q in the June quarter, it was not enough to offset the total deterioration of H1. From 911,000 tonnes in Q1, the United States aluminium crude metal and alloy imports rose to 940,000 tonnes in Q2, marking a gain of 3.18 per cent. Year-on-year, the import volume in the second quarter edged a decline of 16.59 per cent from 1.127 million tonnes, which primarily resulted in a downward trajectory through H1 2024. The year-on-year growth in the United States Q1 imports of about 5.8 per cent (from 861,000 tonnes to 911,000 tonnes) was too little to mitigate the overall downturn. According to the US Geological Survey, the...
TrinaSolar, a global leader in photovoltaic and energy storage solutions, has announced the successful production of the world’s first fully recycled crystalline silicon (c-Si) solar module. This milestone resulted from collaboration with upstream and downstream partners, which has successfully produced the world’s first recycled photovoltaic (PV) module. About the milestone This breakthrough was achieved by the Research Centre Academy of TrinaSolar, utilising their innovative in-house recycling technology. The module is made from recovered materials such as aluminium frames, silicon, silver and glass sourced from waste modules. This accomplishment reinforces TrinaSolar’s leadership in sustainability and marks a significant advancement for the solar industry. Through this process,...
ICICI Securities recommends buying Vedanta's stock with a forecast of a stock price rise of 18 per cent. Driven by volume, value and cost reduction, the large-cap diversified metals company traded with a cut, even directing the ICICI securities, the domestic brokerage firm, to resume coverage on their stocks. The stock price for Vedanta has hit its 52-week high price at Rs 211.2 and Rs 523.6 per share, respectively, in recent days. Vedanta Resources' fiscal performance has exhibited significant improvement, driven by strategic diversification across various metals and successful cost optimisation initiatives in aluminium production. Consequently, the company has witnessed a substantial reduction in its deficit. Furthermore, anticipated debt deleveraging of INR 21,000 crore over the next...
Alumina production in Africa & Asia (ex-China) rebounded in August 2024 after a drop the previous month. The output, as per the International Aluminium Institute survey, recovered by 1.32 per cent M-o-M, a testament to the industry's stability, even though it did not reach the production level achieved in June. The same is true with the daily average output, as it rose in August by 500 tonnes after a fall in July but still lagged behind June production. However, despite the drop in Africa & Asia's alumina production during July 2024, the output by a whisker reached above 1.2 million tonnes. In the said month, the production decreased by 1.95 per cent M-o-M to 1.209 million tonnes. According to IAI data, alumina production in Africa & Asia (ex-China) during August 2024 amounted to 1.225...
On Saturday, Italian prosecutors charged seven individuals and two subcontractors with crimes, including fraud and violations of aircraft safety regulations, stemming from an investigation into allegedly defective parts made by an Italian firm for Boeing (BA.N). Investigators discovered that two Italian subcontractors utilised less expensive and non-compliant types of titanium and aluminium to manufacture specific parts, resulting in substantial savings on raw material costs. 1,158 aluminium components The statement did not disclose the identities of the subcontractors or the seven individuals involved. According to prosecutors, aerospace experts confirmed the existence of at least 4,829 non-compliant titanium components and 1,158 aluminium components. The investigation began in late 2021...
In September 2024, Metro Mining’s bauxite shipment from Bauxite Hills Mine in Queensland recorded a new monthly high of 780,000 tonnes, up 8 per cent from 720,000 tonnes in August 2024 . Year-on-year, the shipment in September marked an increase of 35 per cent. The surge in monthly shipment could be attributed to the operations beyond the nameplate capacity of the wobbler screening circuit and offshore floating terminal (OFT) Ikamba. OFT Ikamba offloading rates have increased to an average of 1,800 tonnes per hour, with a peak of 2,500 tonnes per hour. Metro Mining reported that its total shipments in the third quarter amounted to 2.13 million tonnes, bringing the year-to-date volume to 3.65 million tonnes. These volumes are in line with the company’s annual shipping target of 6 to 6.4...
In September 2024, the global aluminium industry witnessed significant developments across production, sustainability, and market dynamics. Aluminium producers continued to push for greener technologies, as the global primary aluminium producers are focusing on expanding their low-carbon aluminium portfolios, while recycling initiatives gained traction worldwide, particularly in Europe and North America. China, the world's largest aluminium producer, reported steady output growth, though facing challenges with energy restrictions and environmental regulations. Meanwhile, demand for aluminium remained steady in the automotive and packaging sectors, driven by the growing emphasis on lightweighting and circular economy practices. Trade tensions have shaped market conditions, alerting...
Headquartered in South Korea, ILJIN, one of the leading manufacturers of automotive and industrial bearings and chassis components, is marking its foray into the aluminium forging market, enhancing its production capabilities. The announcement was made by Governor Kay Ivey, 54th governor of Alabama. The company is set to invest nearly $100 million for the new forging operation in Auburn, Alabama. "By combining our in-house forging capabilities with world-class technology, we'll be able to produce the highest quality and lowest cost aluminium forgings for our customers," said John Dix, president of ILJIN USA. ILJIN plans to set up its new operation in an existing Auburn Technology Park North facility, where it will create around 160 jobs. The raw aluminium forgings produced at the Auburn...
Canada reconfirms introducing tariff surcharges on aluminium and steel for Chinese enterprises. The tariff will be applicable effective October 22, 2024, on the finalised list of products from China. The confirmation came from Deputy Prime Minister and Minister of Finance Chrystia Freeland, as the government agrees that this will safeguard workers and businesses in Canada's aluminium and steel industries against China's unfair trade policies and consequently prevent trade diversion resulting from recent actions taken by Canadian trading partners. "We are moving in lock-step with key international partners to protect Canadian workers and businesses in our steel and aluminium sectors from China's intentional, state-directed policy of overcapacity and oversupply, which is undermining...
Every Can Counts (ECC), a not-for-profit communication initiative aimed at achieving a 100 per cent recycling rate for drink cans, is proudly celebrating its 15th anniversary. Established in Birmingham in 2009 as a workplace recycling program, ECC has expanded its reach to 21 countries worldwide, including Brazil, the United Arab Emirates, and, most recently, the United States. The celebration To commemorate this milestone, 27 ECC representatives gathered in Prague before the European Aluminium Packaging & Recycling Seminar. During the celebrations, attendees shared local success stories and engaged in discussions about the future direction of the program's global strategy. The Every Can Counts (ECC) program was launched 15 years ago after the Aluminium Packaging Recycling Organisation...
This week brought several noteworthy developments in the upstream aluminium sector, spanning bauxite, alumina, and primary aluminium. The Government of Canada introduced a 25 per cent tariff on select Chinese aluminium and steel products while also detailing the enforcement of Section 53 of the Customs Tariff Act. This move follows Canada's decision in August to impose a 100 per cent levy on Chinese-made electric vehicles, signalling a stronger alignment with the trade policies of its major allies. Meanwhile, at LME Week 2024 on Monday, September 30, Rusal expressed confidence that the current supply-demand gap in the global aluminium market would narrow, expecting a market balance by late 2025. This optimism is fuelled by a recent uptick in demand, primarily driven by China's stimulus...
Rusal, the leading aluminium producer from Russia, has announced it will double its smelter capacity to 600,000 tonnes by 2030 in its Boguchansky aluminium production site in Siberia. The jointly owned plant by Rusal and state-controlled power generating company RusHydron shall witness construction for the project at Boguchansky from 2025, confirmed local government official quoting Rusal vice president Elena Bezdenezhnykh. Adding to the statement, a Rusal representative stated that the investment volume and financial model calculation would conclude by the end of 2024. Rusal is accounted for the world's largest aluminium production outside of China and launched operations at Boguchansky in 2019 with a total investment of $1.6 billion. When full capacity is evaluated, the total project...
Amidst Renewable Energy India Expo 2024, GenX PV announced the establishment plan of its aluminium frame manufacturing site in Raipur, besides its present unit in Bengaluru, India. Piyush Agarwal, Founder and Managing Director of GenX PV, reaffirms the company's commitment to quality and efficiency. He said, "With our fully integrated aluminium frame facility and backward integration into junction box manufacturing, GENX PV is not just expanding its capacity but redefining the end-to-end ecosystem for solar panels. Our innovative product portfolio, which includes advanced diodes and precision-engineered components, ensures we are meeting the demands of tomorrow's solar energy landscape. By controlling every aspect, from raw materials to finished products, we are delivering unmatched...
Hydro introduces a 12-inch indirect extrusion press, invalidating two older presses in Cressona, Pennsylvania, where the capacity of the recycling facility has also been expanded to an additional 50,000 tonnes. The NOK 1 billion investment goes into taking forward the company's effort to create more efficient and modern operations in North America. A part of these projects shall present the most extensive recycling facilities of Hydro to date, with a capacity of 2,70,000 tonnes per year. "With these investments, we continue the development of the Cressona plant as a key part of Hydro Extrusions in North America. The increased efficiency and the ability to deliver recycled aluminium with a lower carbon footprint to our North American customers caters to the growing demand for more...
The number 13 might be unlucky in the movies, but in the periodic table, this number represents one of the most sustainable and recyclable metals on earth – aluminium. Aluminium, the name itself resonates with competition, eco-friendly, and other such words in the industry. Coming from an arts background, my journey of exploration has led me to venture beyond the world of metals, but today, standing here, aluminium has made an irreplaceable place in my life. Its remarkable versatility and unique properties have left a positive impact in ways I never anticipated, finding its way into unexpected and innovative spaces and leaving a lasting mark. From being the highlight of ex-Miss Universe Aishwarya Rai’s breath-taking gown in Cannes to adorning the celestial-themed pre-wedding celebrations...
