Bering Yachts has presented the first hull of its BC60 aluminium explorer catamaran, marking the shipyard’s move to a twin-hull platform while retaining the long-range capability and structural robustness associated with its established explorer vessels. The 18.9-metre vessel has already been delivered and is afloat, with founder and CEO Alexei Mikhailov providing a detailed walkthrough of its design and onboard systems. Measuring 18.9 metres (60 feet) in length overall, with an 8.6-metre beam, the BC60 is designed as a displacement explorer rather than a high-speed production catamaran. Its all-aluminium construction, shallow draft and substantial fuel capacity are intended to support extended passages and greater autonomy at sea. The vessel has a draft of 1.58 metres and carries more...
In the first half (H1) of 2026, the US imported a total of 1.68 million metric tons of unwrought aluminum (HSN code: 7601), of which 16.96% was sourced from the United Arab Emirates (UAE). How has H1 2026 fared for the momentum of unwrought aluminum exports from the UAE to the US? Year-on-year cooling in trade can be noticed, largely owing to the temporary shutdown of the Emirates Global Aluminium’s (EGA’s) Al Taweelah smelter for repair and maintenance. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” H1 aluminum trade snapshot: 2026 vs 2025 vs 2024 Comparing the H1 2026 figures of unwrought aluminum exported by the UAE to the US, a mixed result...
Grow with
AL Circle
Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area NO5. The agreement will support Hydro’s aluminium operations in Norway by providing access to renewable electricity at competitive terms. Reliable power supply remains essential for aluminium producers, as electricity accounts for a major share of aluminium production costs and plays a key role in reducing emissions from smelting operations. “Long-term and predictable power at competitive prices is vital for Hydro’s aluminium production in Norway and enables us to continue delivering low-carbon...
Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled miner eyes expansion beyond coal and to secure overseas mineral assets. The Ghana interest is part of a wider plan to establish Coal India’s first overseas trading office in Singapore. This could serve as a base for mineral trading and potential acquisitions involving bauxite, lithium, iron ore, rare earths and other critical minerals. As of Thursday, Coal India was valued at around INR 2.48 trillion (USD 26 billion) on the Indian stock market. As per its official database, the company produced 768.19 million tonnes of coal in FY2025-26. Its move into overseas minerals comes as India seeks to secure resources required for manufacturing, renewable energy, electric...
Europe’s metal packaging industry is facing mounting pressure from rising costs, regulatory uncertainty, geopolitical tensions, labour shortages and competition from alternative materials. But according to three industry leaders, its biggest challenge may be internal: moving faster, communicating more effectively and acting with greater unity. Iris Arsic reports. Speaking at the Metal Packaging Europe (MPE) conference in Berlin, Paulo Sousa, CEO of Colep Packaging and president of MPE, Seàn Cairns, president of Sonoco Consumer Packaging EMEA & APAC, and Michael Mapes, CEO of Trivium Packaging, argued that metal packaging enters this period from a position of strength. The industry already has proven circularity and strong sustainability credentials. The challenge, they said, is ensuring...
Ashapura Minechem reported Q1 FY27 consolidated revenue of INR 16.16 billion (USD 169 million), up 19.22 per cent from a year earlier. Net profit rose 5 per cent to INR 1.15 billion (USD 12 million). Bauxite exports from Guinea increased 14.1 per cent year-on-year to 2.34 million tonnes, compared with 2.05 million tonnes in Q1 FY26. The increase in exports helped drive the higher revenue during the quarter. Ashapura has lowered its FY27 bauxite volume target to 9-11 million tonnes, from the earlier mark of 10-12 million tonnes. However, it has kept its FY28 target at 15 million tonnes, which is expected to translate into around USD 1 billion in sales. To know the production, demand and consumption forecasts of bauxite and alumina, explore the report " Global Bauxite & Alumina Market...
Volta Aluminium Company Limited (VALCO) plans to move further into Ghana’s aluminium value chain with a new continuous casting and rolling mill that will produce aluminium rods for electrical cable manufacturers. The company has already supplied test samples to Nexans Kablemetal and Reroy Cables, with both manufacturers giving positive feedback. VALCO Finance Director, Sepenu Agbetsise, stated, “Hitherto, these companies would have had to import the rod and process it into the various cables that power our homes. Now, VALCO is in a position to supply those directly.” To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " The move takes VALCO beyond its traditional focus on primary aluminium....
Canyon Resources’ Minim Martap bauxite project in Cameroon has hit a fresh financing hurdle after AFG Bank Cameroon suspended further drawdowns under the project’s loan facility, prompting the company to withdraw its previously announced first-shipment timeline. The development comes as Canyon also faces funding constraints linked to the takeover bid from A2MP Investments FZCO. Canyon said its Cameroon-based subsidiary, Camalco Cameroon, received formal notice from AFG Bank that further disbursements under the loan facility would be suspended. The lender wants to complete a review of the Minim Martap project development schedule, financial model and other financial inputs, as well as conduct a site visit, before releasing additional funds. The funding pause is significant because the...
LME aluminium prices increased on August 21 compared with the trading day before, however, opening stocks are still unchanged. The LME aluminium cash bid price stood at USD 3,226.5 per tonne on August 21, up from USD 3,180 per tonne on August 20 , marking an increase of USD 46.5 per tonne, or 1.5 per cent. The cash offer price rose to USD 3,227 per tonne from USD 3,182 per tonne, up 1.4 per cent. The LME aluminium 3-month bid price increased to USD 3,242 per tonne on August 21 from USD 3,182 per tonne on August 20, rising USD 60 per tonne, to 1.9 per cent. The 3-month offer price rose to USD 3,244 per tonne from USD 3,183 per tonne, an increase of 1.92 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036:...
An employee at Kaiser Aluminum’s Kalamazoo facility passed away following a workplace incident, prompting an investigation by the Michigan Occupational Safety and Health Administration (MIOSHA). According to a MIOSHA report, the 43-year-old maintenance technician was welding inside a pneumatically powered scrap chute when the pneumatic clamshell closed, causing injuries that proved fatal. Kaiser Aluminum spokesperson Jill Gaul confirmed the incident and said the company is cooperating with local and federal authorities as the investigation continues. She added that the company is not currently in a position to provide further details. “Everyone at Kaiser Aluminum is deeply saddened and our thoughts are with the family, in addition to the welfare of all of our employees,” Gaul said. The...
The Bureau of Indian Standards has seized around 2,350 aluminium foil rolls from a unit in Mandoli, northeast Delhi, in an enforcement operation over alleged non-compliance with mandatory quality-certification rules. The search was carried out by BIS’s Ghaziabad Branch Office under Section 28 of the BIS Act, 2016, after the agency received information about possible violations. Officials seized the products for investigation and examined records linked to their manufacture, storage and certification status. Raid puts foil certification in focus The operation was led by Shailendra Kumar Verma, Scientist-C and Deputy Director, and Raj Kumar, Scientist-B and Assistant Director, along with other officers from the BIS Ghaziabad Branch Office. BIS said the matter remains under examination and...
China’s new energy vehicle retail sales declined in the first 16 days of August, but the segment continued to outperform the wider passenger-car market as higher fuel costs weighed more heavily on demand for petrol vehicles. Passenger NEV retail sales reached 399,000 units from August 1 to August 16, down 15 per cent year on year but up 1 per cent from the corresponding period in July, according to the China Passenger Car Association. Overall passenger-vehicle retail sales fell 22 per cent year on year to 628,000 units. NEVs retain a 63.6 per cent share NEVs accounted for 63.6 per cent of passenger-vehicle retail sales during the period, underlining their continued market strength despite the decline in unit sales. The penetration rate remained high, although it was below the record 65.1...
BRICS environment and climate ministers have opposed the European Union's Carbon Border Adjustment Mechanism (CBAM), arguing that the carbon levy could create additional trade pressure for developing economies exporting aluminium and other carbon-intensive products to Europe. Environment and climate ministers from BRICS member countries have criticised the EU's Carbon Border Adjustment Mechanism (CBAM), describing it as a unilateral, punitive and discriminatory measure that could act as a trade barrier for developing economies. The issue is particularly relevant to the aluminium industry, as aluminium is among the carbon-intensive products covered by the EU's carbon border mechanism, alongside steel, iron, fertilisers and cement. The BRICS ministers raised their concerns during a meeting...
Nanshan Aluminium International sold 15 per cent more alumina in the first half of 2026, but a 39.5 per cent fall in its average selling price drove profit down nearly 75 per cent, showing how quickly a commodity-price downturn can outweigh rising sales volumes. The Hong Kong-listed producer reported revenue of USD 415.0 million for the six months ended June 30, down 30.5 per cent year on year, while profit attributable to shareholders fell 74.8 per cent to USD62.7 million. The company cut its interim dividend but retained a stronger balance sheet and continued work on an Indonesian electrolytic aluminium project. More tonnes, less revenue Nanshan sold about 1.296 million tonnes of alumina during the period, up 15.0 per cent from approximately 1.127 million tonnes a year earlier. Yet its...
India’s rapidly expanding secondary aluminium industry is facing a shortage of domestic scrap, leaving recyclers dependent on overseas suppliers and vulnerable to changing trade policies in major exporting regions. Secondary aluminium production has increased from approximately 0.85 million tonnes in 2015–16 to nearly 2.2 million tonnes in 2025–26, according to industry estimates cited by the Material Recycling Association of India. The sector now supplies around 35 per cent of India’s aluminium consumption, but imports account for roughly 80 per cent-85 per cent of its scrap requirements. The imbalance is prompting recyclers and primary aluminium producers to push competing policy proposals on the 2.5 per cent basic customs duty applied to imported aluminium scrap. Domestic scrap cannot...
Aluminium’s circular economy is no longer a sustainability side story — it is becoming a contest over who controls scrap, who sets the compliance bar, and who can afford the energy to keep smelting. On one hand, recycled aluminium is being tested, as dross piles up in China, scrap ships out of the US faster than domestic recyclers can replace it, and only a third of the world’s beverage cans actually become cans again. On the other hand, governments are throwing real money at keeping primary production alive, from Canberra’s power-price rescue of an Australian smelter to Chinese capital scouting a new industrial base in Egypt. These indicate that circularity is becoming as much a matter of industrial strategy and geopolitics as of technology. To know the aluminium casting demand forecast...
New Zealand-owned aluminium beverage can manufacturer Recorp has entered the Australian market, offering beverage companies access to multiple can formats from its South Auckland manufacturing facility. The company is positioning flexible production, lower minimum order quantities (MOQs) and high recycled aluminium content as key advantages as it targets Australian beverage brands. Recorp will serve Australian customers from its 16,000-square-metre plant in Manukau, South Auckland. The facility, which opened in November 2024 following an investment of NZD 115 million (USD 89.54 million), has annual manufacturing capacity of around 550 million cans. The production line can run at up to 1,850 cans per minute and includes eight bodymakers, dual decorators and equipment designed to enable...
MBSB Investment Bank Bhd (MBSB Research) has maintained its BUY recommendation on Press Metal Aluminium Holdings Bhd, although it lowered its target price to MYR 9.56 (USD 2.36) from MYR 9.66 (USD 2.39). The research house expects the company’s low-cost, renewable-powered smelting operations and favourable alumina spreads to continue supporting its margins. MBSB Research expects LME aluminium prices to average around USD 3000 to USD 3,200 per tonne in the second half (H2) of 2026 as supply disruptions ease. Prices averaged USD 3,565 per tonne in 2QCY26 but have fallen to USD 3,196 per tonne in 3QCY26 to date. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " Despite the lower price...
The US and Canada are moving closer to a potential trade agreement that could reduce tariffs on certain Canadian aluminium and steel exports to 25 per cent and reduce duties on the non-US content of Canadian automobile exports to 15 per cent. The proposed tariff changes could offer some relief to Canadian exporters while easing cost pressures across highly integrated North American supply chains. However, the agreement remains under negotiation, with key details still to be finalised. The potential deal follows US President Donald Trump’s call for postponing the decided 50 per cent tariffs on about USD 20 billion worth of Canadian imports , originally scheduled be effective on 12:01 AM, Wednesday, allowing for an additional three-day window for negotiators to reach an agreement. Although...
LME aluminium prices declined on August 20 compared with the previous trading day, while exchange stocks remained unchanged. The LME aluminium cash bid price stood at USD 3,180 per tonne on August 20, down from USD 3,191 per tonne on August 19 , marking a decline of USD 11 per tonne, or 0.34 per cent. The cash offer price fell to USD 3,182 per tonne from USD 3,191.5 per tonne, down 0.3 per cent. The LME aluminium 3-month bid price declined to USD 3,182 per tonne on August 20 from USD 3,211 per tonne on August 19, a decrease of 0.9 per cent. The 3-month offer price fell by USD 29 per tonne, or 0.9 per cent. From USD 3,212 per tonne on August 19 to USD 3,183 per tonne on August 20. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market...
