JiaoZuo WanFang Aluminum Manufacturing Co Ltd recorded a 93.5 per cent increase in net income to CNY 1,753.08 million (USD 263.31 million) for the nine months ended September 30, 2026, compared with CNY 905.92 million (USD 136.07 million) in the corresponding period last year. The company's sales rose 19.2 per cent year on year to CNY 5,938.64 million (USD 891.98 million), up from CNY 4,981.54 million (USD 748.23 million) a year earlier. The increase in net income substantially outpaced sales growth during the reporting period. JiaoZuo WanFang's basic earnings per share from continuing operations reached CNY 1.47 (USD 0.22), compared with CNY 0.76 (USD 0.11) in the same nine-month period of 2025. Diluted earnings per share from continuing operations also increased to CNY 1.47 (USD 0.22),...
China recorded a bauxite price of USD 64 per dry metric tonne (DMT) on a CIF basis in August 2026, while India's quotation stood at USD 73 per DMT on an FOB basis, according to the supplied market assessment. The reported USD 9 difference highlights contrasting price levels across the two markets, although different shipping terms make a direct cost comparison difficult. China's CIF quotation includes freight and insurance, whereas India's FOB price covers the material up to loading at the port. Buyers sourcing bauxite from India therefore need to account for additional shipping costs to determine the final landed price. As a result, the USD 9 difference does not represent the actual gap between the two markets' delivered costs. Freight terms complicate regional bauxite price comparison...
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Vedanta Aluminium, India’s leading aluminium producer, has appointed Luca Zipponi as the CEO of rolled products. In his new role, Luca will lead the growth and manage all operations for this product group, which serves sectors including automotive, insulation, power projects, electrical, and packaging. He will focus on leveraging technology to drive innovation and deliver enhanced value to customers, further solidifying Vedanta Aluminium’s market leadership and commitment to operational excellence. “I am excited to be part of Vedanta Aluminium. The rolled products vertical has tremendous potential in India, and I am excited about leveraging my expertise and global experience to deliver outstanding value to our customers and stakeholders,” said Luca Zipponi, CEO of Rolled Products, Vedanta...
On Tuesday, LME 3M aluminium opened at US$2,306.5 per tonne, hitting a high of US$2,340 per tonne and a low of US$2,290 per tonne, and closed at US$2,326 per tonne, up US$17 per tonne or 0.74 per cent. On Tuesday, August 13, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$11 per tonne or 0.48 per cent and US$11.5 per tonne or 0.50 per cent to clock at US$2,256 per tonne and US$2,256.50 per tonne. 3-month bid price and 3-month offer price also lost US$12 per tonne or 0.51 per cent to reach US$2,308 per tonne and US$2,309 per tonne. December 25 bid price and December 25 offer price descended by US$12 per tonne or 0.48 per cent to dock at US$2,453 per tonne and US$2,458 per tonne. LME aluminium opening stock came in at 899900 tonnes. Live warrants...
Pea Ridge Recycling has announced its recent strategic acquisition of Pontotoc Aluminum Recycling in Mississippi. This new addition, now operating under the banner of Pea Ridge Metals, is situated at the corner of West Reynolds Street and South Columbia Street. The acquisition marks a significant milestone for Pea Ridge Recycling's scrap metal division, positioning Pea Ridge Metals for enhanced service and efficiency in the Pontotoc community. The facility's prime location—adjacent to the Pontotoc Police Department and directly across from the planned future fire department—further strengthens Pea Ridge Metals' ability to meet the increasing demands of the local market. This expansion underscores Pea Ridge Recycling's commitment to growth and community service, paving the way for more...
The world's leading auto wheel rim manufacturer, Superalloy (SAI), has reported robust operational results for the second quarter and first half of 2024. The Taiwan-headquartered company experienced significant order growth during the year's first half, driven primarily by increased demand from luxury European and Japanese automotive brands, including Toyota, Jaguar Land Rover, Porsche, BMW, and Ferrari. This surge in orders effectively counterbalanced a decline in shipments to American brands. As the tier-one supplier of world-leading automakers, SAI have experience in product design for leading European, US, and Japanese automakers, with customers located worldwide. Revenue for the period was notably diversified, with 61 per cent coming from European brands, 20 per cent from Japanese...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has declared a steep growth in its financial landscape for the second quarter of 2024, owing to increased sales and higher global aluminium prices. After a year-on-year downfall in Q1 fiscal output, Alba has recovered all its backlogs in Q2 with a revenue of BD407 million (US$1,082.3 million), up by 5.2 per cent year-on-year from BD387 million (US$1,029.4 million). The company’s profit stood at BD68.5 million (US$182.2 million) in Q2, experiencing a skyrocketing surge of 129.2 per cent year-on-year versus a profit of BD29.9 million (US$79.5 million). Sequentially, the profit soared by 179.6 per cent from BD24.5 million (US$65 million) . The company’s basic and diluted earnings per share was fils 48, compared...
Thailand's Nakhon Pathom province underwent a significant law enforcement operation over the weekend. Police and industrial officials uncovered 14,400 tonnes of aluminium dross at two remelting facilities. The discovery, spread across sites in Nakhon Pathom and Samut Sakhon provinces, just outside Bangkok, highlights a troubling environmental and industrial malpractice case. The operation was initiated by Pol Col Arun Wacharasisukanya, deputy commander of the Natural Resources and Environmental Crime Division, who detailed the sequence of events leading to the discovery. It began when highway police in Nakhon Pathom stopped a semi-trailer truck carrying large quantities of aluminium dross without the required permits. En route to an aluminium factory in Samut Sakhon's Muang district, the...
In its consolidated and separate financial results for H1 2024, ALRO, one of Europe's leading vertically integrated aluminium producers by production capacity, has demonstrated notable improvement in its financial performance. For the six months ending June 30, 2024, the Group reported a turnover of RON 1.697 billion, reflecting a 9 per cent increase compared to RON 1.559 billion during the same period in 2023. This growth was driven by stronger London Metal Exchange (LME) quotations and higher sales of value-added aluminium products. Marian Năstase, Chairman of the Board of Directors at ALRO, said, "The investments we made in technology, operational efficiency, portfolio diversification and capturing new markets helped us even better capitalise the upturn that the aluminium market...
Arab Aluminum Company (AAC), specialised in manufacturing extruding aluminium profiles for a wide range of industries like industrial and architectural, has announced its fiscal results for the first half of 2024, indicating a staggering growth in earnings. Arab Aluminum noted that its H1 net profit after tax stood at EGP 15.729 million, reflecting a surge of 110 per cent year-on-year from EGP 7.489 million. The company’s revenue rose 36 per cent Y-o-Y to EGP 249.435 million for the period of January-June 2024. A year ago, the revenue earned by Arab Aluminum Company was EGP 182.677 million. This significant increase in AAC’s H1 earnings could be attributed to the growing demand for extruded aluminium across the industrial sector, fuelled by a lot of new projects in the areas of...
Fanta and Warner Bros. Pictures have announced an exciting global partnership in anticipation of the highly awaited movie Beetlejuice Beetlejuice, set to premiere in cinemas on September 6th, 2024. Fanta is introducing a Limited-Edition Fanta Beetlejuice flavour in sustainable aluminium cans to celebrate. The packaging features the iconic character portrayed by Michael Keaton. This new product offers a distinct flavour experience and showcases the classic black-and-white striped design synonymous with Beetlejuice, available for a limited time. Ibrahim Salim Khan, VP of Global Category Strategy, Fanta at The Coca-Cola Company, said, “We’re excited for fans to try out our special new Fanta limited edition flavour – an unmissable extension of the Fanta range. There’s more to come with this...
Indian Railways has cancelled its INR 30,000-crore tender for the production and upkeep of 100 aluminium-bodied Vande Bharat trains, according to Olivier Loison, Managing Director of Alstom India, stated to one of India's No. 1 financial and business portals. Indian Railways is the fourth largest Railway network in the world after the US, Russia and China. The Vande Bharat Express is a semi-high-speed train service operated by the Indian Railways. Loison said, “Indian Railways has cancelled the tender. However, with our strong local knowledge and investments in industrial and human capital over the years, we are well-positioned and committed to supporting the realisation of this vision of the railways in the future, should the opportunity arise.” In disagreement over the bid price Railway...
Eternia, a leading brand in India renowned for its WiWA-certified aluminium doors and windows crafted from Duranium—a patented aluminium alloy by Hindalco—has signed a Memorandum of Understanding (MoU) with the Furniture and Fittings Skill Council (FFSC). This collaboration will establish India’s inaugural Fenestration Centre of Excellence in Pune, known as Eternia Academy. This initiative is a pivotal move to tackle the pressing shortage of skilled professionals in the dynamically growing fenestration sector. Chandan Agarwal, CEO of Eternia, commented, "There is a growing demand for quality fenestration products and services in India. As pioneers in the industry, we at Eternia recognize our responsibility to nurture talent and drive innovation. By partnering with FFSC, we are addressing...
China’s domestic aluminium production in July 2024 reached a new high, recording a 3.22 per cent increase year-on-year and a 3.66 per cent rise month-on-month, attributed to full production resumption at Yunnan smelters and new capacity commencement in Inner Mongolia. According to the Shanghai Metals Market survey, China churned out a staggering amount of 3.683 million tonnes of aluminium, compared to 3.553 million tonnes in June. The continued increase led to a total production in seven month to over 25 million tonnes. However, amid the ongoing traditional off-season, the reduction or maintenance of billet factories and other aluminium processing plants has impacted the proportion of liquid aluminium, which again decreased by 1.1 percentage points M-o-M and 1.9 percentage points Y-o-Y to...
Impact Minerals Limited has announced a significant milestone in developing its Lake Hope High Purity Alumina (HPA) Project, located approximately 500 kilometres east of Perth, Western Australia. The company has lodged a Mining Lease Application (MLA 63/684) alongside a Miscellaneous Licence (L63/99), marking a crucial step forward as the project advances towards production. Impact Minerals Limited is emerging as a significant force in the High Purity Alumina (HPA) industry with a steadfast commitment to excellence and a strategic vision to leverage Australia's rich mineral resources. By meticulously selecting projects, conducting thorough evaluations, and maintaining a strong focus on profitability, the company strives to deliver enduring value to its shareholders while fostering...
The global demand for aluminium is rising, and industries must boost production while pursuing greater sustainability. Aluminium recycling involves complex challenges, such as efficient alloy sorting and maintaining the quality and purity of recycled materials. In order to meet the rising demand in line with sustainability or a circular economy, it is very important to implement technologies like Laser-induced breakdown spectroscopy (LIBS), which ensures accurate sorting of aluminium alloys while keeping the quality of recycled materials intact. LIBS has emerged as a transformative technology, offering solutions to these critical issues. Material recovery facilities (MRFs) must process large volumes of aluminium scrap while accurately identifying and separating different metal grades....
Ma'aden, Saudi Arabia's premier mining company, has announced a remarkable 160 per cent increase in profitability, achieving a net profit of SR2 billion ($532 million) for H1 2024 compared to the same period in 2023. The significant growth, highlighted in a statement on the Saudi stock exchange Tadawul, was fuelled by a notable rise in sales volumes, particularly in primary aluminium and gold, which contributed SAR 218 million to Q2 2024—a 3 per cent increase year-on-year. The company's net profit for Q2 2024 surged by 192 per cent, amounting to SAR 673 million, compared to the same quarter last year. This robust financial performance was underpinned by lower raw material costs, reduced depreciation expenses, and a series of one-off financial adjustments that further boosted profits. A...
The share of Russian aluminium stocks on the London Metal Exchange-approved warehouses continued to increase in July 2024, accounting for 65 per cent of the total stocks. In June, the share of stocks of Russian origin on the London Metal Exchange was 50 per cent after rising from 42 per cent in May. However, it is to be noted that the total aluminium stocks on LME have been decreasing month-on-month. In July, the total stocks amounted to 359,250 tonnes, down by 22.99 per cent from 466,500 tonnes in June, whereas the stocks in May were at 590,975 tonnes. Of the total stocks in July, Russian aluminium stocks on the LME warrant were 233,775 tonnes, up by 1,425 tonnes from 232,350 tonnes in June. The increasing proportion of Russian aluminium stocks in LME-approved warehouses results from the...
On Monday, LME aluminium opened at US$2,299 per tonne, with a high of US$2,331.5 per tonne, a low of US$2,297 per tonne, and closed at US$2,309 per tonne, up US$14 per tonne, or 0.61 per cent. Following a surge of US$58.5 per tonne on Friday, August 9, both LME aluminium cash bid price and LME aluminium official settlement price witnessed a sluggish growth on Monday, August 13. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price opened the week with a growth of US$4.5 per tonne or 0.19 per cent and US$5 per tonne or 0.22 per cent. The prices settled at US$2,267 per tonne and US$2,268 per tonne. 3-month bid price and 3-month offer price also moved up by US$2 per tonne or 0.08 per cent and US$2.5 per tonne or 0.10 per cent to clock at US$2,320 per...
Maaden, a Saudi state-owned mining company, has announced its Q4 2024 financial results, whereby it says its new aluminium recycling plant at Ras Al-Khair is undergoing a pre-feasibility stage. The company says its bankable feasibility stage is expected in the third quarter of 2024. The plant will reportedly have an annual recycling capacity of 400,000 tonnes. However, no details are shared on the project's construction and costs. This aluminium recycling project represents Ma'aden's strong commitment to sustainability, environmental well-being, and a circular economy. In April 2024, Ma'aden acquired special recognition at the Sharjah Award for Excellence in Performance Improvement in pursuit of sustainability and positive transformation in the mining sector. In the Middle East, the...
