China's Yunnan Aluminium Co., Ltd. reported a sharp improvement in financial performance for the nine months ended September 30, 2026, with net income rising approximately 164 per cent Y-o-Y to CNY 11.6 billion (USD 1.74 billion), compared with CNY 4.39 billion (USD 660.96 million) in the corresponding period of 2025 The company's sales increased to CNY 52.61 billion (USD 7.90 billion) from CNY 44.07 billion (USD 6.62 billion) a year earlier, representing growth of approximately 19.4 per cent. The increase in net income significantly outpaced revenue growth, highlighting a substantial improvement in the company's reported earnings during the first nine months of 2026. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: "Global Bauxite & Alumina...
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),...
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The residents of several communities in south-west Western Australia have joined forces to oppose South32's future mining projects, citing growing concerns about Worsley Alumina. Residents of the Shires of Boddington, Wandering, and Williams, located approximately 130 kilometres southeast of Perth, are represented by Locals for Environmental Action and Protection (LEAP). LEAP emerged last year in response to intensified mining activities at Worsley Alumina, including the installation of a haul road over Pinjarra-Williams Road. Worsley Alumina is an integrated bauxite mining and alumina refining operation in the Southwest of Western Australia. Founded in 1984, it is today recognised as one of the largest alumina refineries in the world. Since its formation, LEAP has been actively engaging...
On August 6, 2024, Alcoa Corporation announced a transition in its Investor Relations leadership, appointing Louis Langlois, Senior Vice President of Treasury and Capital Markets, effective September 1, 2024. Louis Langlois will assume responsibility for the Company’s investor relations and pension investment functions from Jim Dwyer, Vice President, Investor Relations and Pension Investments, who will retire on September 1 after more than 30 years of service. Langlois is currently senior vice president and treasurer. He will continue to report to Executive Vice President and Chief Financial Officer Molly Beerman. Molly Beerman said, “Louis will extend the strong relationships he currently has with our banks, advisors, and rating agencies to our investors and maintain the transparency and...
The previous trading day, LME aluminium opened at US$2,263.50 per tonne, reached a high of US$2,305 per tonne and a low of US$2,238 per tonne, and closed at US$2,301 per tonne, up US$39 per tonne or 1.72 per cent. The LME aluminium benchmark price registered its first rise of the month on Tuesday, August 6, following two consecutive days of downfall by a total of US$61.50 per tonne. According to the data shown by LME graph , the LME aluminium cash bid price increased by US$36.50 per tonne and LME aluminium official settlement price rose by US$38 per tonne to reach US$2,203 per tonne and US$2,205 per tonne, respectively. With the present hike, the LME aluminium benchmark price edged a rise of US$43.50 per tonne, as against US$2,161.50 per tonne. However, on a month-on-month basis, the...
On Tuesday, August 6, billionaire Anil Agarwal-led Vedanta Limited published its first quarter results ended June 30, 2024, emphasising increased net profit and revenue from operations, attributed to elevated metal prices. In Q1 FY2024-25, Vedanta generated a consolidated net profit of INR 3,606 crore, an increase of 36.59 per cent from INR 2,640 crore a year ago. The company's revenue from operations rose 5.6 per cent Y-o-Y to INR 35,239 crore against INR 33,342 crore. EBITDA also grew 47 per cent Y-o-Y on account of structural cost-saving initiatives across businesses, easing of input commodity inflation, and favourable output commodity prices. Vedanta's near-term goal is to achieve $10 billion EBITDA , of which aluminium is estimated to account for $4.2 billion, zinc and silver $2.7...
Alcoa has announced plans to modernise its Poços de Caldas (MG) plant from August to December this year, focusing on enhancing operational excellence and energy efficiency. The investment will involve replacing two ageing Ingersoll-Rand compressors, which have been used since 1975, with five new, state-of-the-art Gardner models. This upgrade will bring numerous benefits, including a daily reduction of 8,360 kWh in electricity consumption. It will also improve air quality by reducing humidity, extending equipment lifespan, and decreasing noise levels through cabin-mounted devices. Additionally, the project is expected to save approximately 240 m³ of water per day, cut R$25,000 annually in chemical product consumption, and lower health risks. “The implementation of this project is an...
Utkal Alumina, a subsidiary of Hindalco Industries Limited, organised an Annual Entrepreneurship Conclave under Project Udyamee on July 27, 2024, at Rayagada, focusing on empowering communities and driving inclusive growth. About 283 entrepreneurs attended the event, showing great enthusiasm and commitment to entrepreneurial development in the tribal hinterland. The event was presided by Mr Rabi Mishra, Unit Head of Utkal Alumina, as the chief guest, in the presence of Mr Bijay Kumar Sahu, GM RIC, Rayagada; Mr Kanhu Charan Sahu, CFME DIC, Rayagada; Mr Siba Mahapatra, Cluster CSR Head; Ms Lopamudra Mishra, Utkal Alumina CSR Head, Ms Niharika Sahu, Mines CSR Head and EDIT members. Project Udyamee was started on June 16, 2021, by Utkal Alumina in association with EDI to encourage...
On July 24th, Yunnan Aluminum signed upstream and downstream cooperation agreements for four industrial chains in Kunming. This development significantly accelerated the company's efforts to strengthen its industrial chain. About the agreement Yunnan Aluminum and its subsidiaries signed cooperation agreements with Sichuan Furong Technology Co., Ltd., Shanghai Huafeng Aluminum Co., Ltd., and Yunnan Jiantao New Materials Co., Ltd. The agreements, facilitated by the green energy and industrial chain extension platform established by the Yunnan Energy Bureau, include projects such as a 3C electronic high-end green aluminium alloy initiative, a green aluminium heat transmission material project for new energy vehicles, and a green low-carbon aluminium-based material industry project. The...
In the wake of growing digitisation in the global aluminium industry, Hongfa Aluminum, a subsidiary of China Hongqiao Group, has embarked on a journey of digital transformation across all its manufacturing units. According to a report, the company has integrated artificial intelligence to achieve intelligent manufacturing and innovative industrial internet applications. The company has adopted an AI intelligent monitoring system for its casting production. The system provides 24-hour real-time monitoring, offering image recognition and analysis capabilities. It can identify machinery hazards to attain safe production and error-free operations. In collaboration with Weiqiao Guoke Advanced Technology Research Institute, Hongfa Aluminum has developed a hot rolling surface defect detection...
The local court has ordered two units of China Evergrande New Energy Auto to enter bankruptcy and reorganisation proceedings. This decision comes after individual creditors of Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong) filed for such proceedings last week. Shares of the electric vehicle maker plunged 7 per cent on July 29 following the creditors' move. The court hearing on August 2 resulted in the ruling to initiate the bankruptcy process for the two units. This ruling adds to the challenges faced by the EV unit of China Evergrande Group, the embattled real estate developer. In May, the company updated the market on ongoing discussions between its liquidators and a potential buyer. The outcome of these talks, which is crucial for extending a new...
Marubeni has finalised the sale of Rio Tinto's low-carbon aluminium billets to Fuji Light Metal and FUJISASH Co., Ltd. (collectively known as the "Fujisash Group") as part of a strategic collaboration with the global mining group Rio Tinto. This marks the first sale of RenewAl™ low-carbon aluminium billets in Asia, enhancing environmental values and contributing to sustainable supply chains. Marubeni is committed to contributing to a sustainable future by supplying responsible aluminium to diverse clients and supporting the decarbonisation of the entire supply chain. The Fujisash Group is dedicated to reducing carbon emissions throughout its supply chain and manufacturing processes. About the collaboration This collaboration builds on Marubeni's strong, long-standing business relationship...
Gebhart Holdings, Metal Source's parent company, has announced the acquisition of Imperial Aluminum's assets in Scottsboro, Alabama. This strategic purchase marks Metal Source's first location outside Indiana, enhancing its capabilities and market reach. However, the financial details of the transaction have not been disclosed. The newly acquired facility, which will be rebranded as Metal Source, spans over 40 acres and employs approximately 80 full-time staff. With an impressive recycling capacity exceeding 100 million pounds annually, the site will produce a variety of aluminium alloys, zinc alloys, and aluminium deox cones. Colin Denihan, Metal Source's Chief Commercial Officer, emphasised the strategic significance of the Alabama location in meeting the growing demand for...
Increasing investments and developments in China’s new energy vehicle sector are expected to boost aluminium consumption to nearly 10 million tonnes by 2030, compared to 2 million tonnes in 2023. This prediction follows the reported rise in China’s domestic production of new energy vehicles to 940,000 units in May 2024 , up 31.9 per cent from 712,660 units produced a year ago. In line with increased production, sales also grew in May this year by 33 per cent to 955,000 units versus 716,430 units. Thus, the market share of NEVs in China escalated to 39.5 per cent in May, out of total automobile sales amounting to 2.42 million units, according to the China Association of Automobile Manufacturers (CAAM). With the bullish forecast for China’s NEV production and sales, the domestic NEV share...
Schupan's JP Processing Centre has officially opened its doors, marking a significant step toward making Kalamazoo a more environmentally friendly community. The centre aims to convert old aluminium into usable raw material, thereby reducing the carbon footprint of aluminium production. Kalamazoo is a city in and the county seat of Kalamazoo County, Michigan, United States. Aluminium scrap recycling or aluminium recycling is a crucial process aimed at reutilising discarded aluminium materials, promoting resource conservation, and mitigating environmental impact. Aluminium, prized for its lightweight and corrosion-resistant properties, has extensive applications in the aerospace, construction, and packaging industries. Gary Curtis, President of Schupan, emphasised the new process's...
The previous trading day, LME aluminium opened at US$2,261 per tonne, reached a high of US$2,283 per tonne, a low of US$2,227 per tonne, and closed at US$2,262 per tonne, down US$1 per tonne, a decrease of 0.04 per cent. On Monday, August 5, both LME aluminium cash bid price and LME aluminium official settlement price nosedived by US$47.5 per tonne or 2.14 per cent to clock at US$2,166.50 per tonne and US$2,167 per tonne. 3-month bid price and 3-month offer price declined by US$46 per tonne or 2.02 per cent to dock at US$2,226 per tonne and US$2,226.50 per tonne. December 25 bid price and December 25 offer price dwindled by US$50 per tonne or 2.05 per cent and 2.04 per cent to stand at US$2,385 per tonne and US$2,390 per tonne. LME aluminium's opening stock was 921625 tonnes. Live...
A group of students from the Civil Engineering and Architecture departments of the University of Bahrain, with a keen interest in aluminium building solutions, recently paid a visit to Reynaers Middle East (RME) to learn about the advancements in this field, focusing on international aluminium systems. Reynaers Aluminium, a leading specialist in the development and marketing of innovative, sustainable aluminium solutions for windows, doors and facades, presented the company's background and business operations, along with some essential tips for those starting a career in the aluminium building solutions sector. Mr Isa Al Wadi, Area Manager—QBK at Reynaers Middle East, led the presentation and then took the students on a tour of Reynaers' showroom, which showcases some of the most...
Aluminium's versatility and protective characteristics have cemented its status as a top choice for packaging. Its role in the push toward sustainability, supported by its infinite recyclability without losing quality, makes aluminium an essential alternative. Hyke has recently enhanced its packaging by introducing a new aluminium bottle for its gin. This innovation is collaboration with Vetroplas Packaging and Neville & More, utilising Envases products distributed in the UK by Vetroplas. The 70cl aluminium bottles are crafted entirely from 100 per cent post-consumer recycled (PCR) aluminium, a choice that conserves natural resources and reduces the carbon emissions typically associated with the production of new aluminium. By using recycled aluminium, Hyke achieves a significant 40 per...
Dubai Electricity and Water Authority (DEWA), a public service infrastructure company, has been creating awareness for environmental sustainability practices through recycling and the benefits of recycling. DEWA advocates for recycling plastic bottles and aluminium cans in line with the Dubai Integrated Waste Management Strategy 2021-2041, which promotes innovation in waste management and recycling, converting waste to energy, and providing practical solutions to environmental challenges. Since the launch of the recycling initiative in October 2022, around 690 employees have actively recycled 656,315 units of aluminium cans and plastic bottles. This collective effort has diverted 9.18 tonnes of waste from landfills, demonstrating the integral role our employees play in our sustainability...
Ciltech, a West Australian jetty and pontoon manufacturing specialist is committed to making all of its jetty systems fully recyclable. For this, the company has partnered with Capral, known for its sustainable production practices. Ciltech excels in providing products and services to the marine, mining, and construction sectors. "One of the two biggest developments is probably putting more emphasis on sustainability and reducing carbon on the aluminium aspect and the HTPE side. Just using something like Carpal's Lower-Carbon Aluminium (LocAl), we can reduce carbon emissions up to 76 per cent in our framework, that's a lot of reduction of CO2. We're also exploring the use of more environmentally friendly materials to replace polystyrene and foams, prompted by events like the Queensland...
