Aluminum Corporation of China Limited (CHALCO) reported a sharp increase in profitability in the third quarter of 2026, supported by cost controls and stable margins at its Yunnan aluminium operations. However, the company's alumina business continued to face pressure from higher bauxite and freight costs, highlighting the contrasting performance of its two major product segments. According to CHALCO's third-quarter report released on October 29, 2026, total profit increased 66.08 per cent year on year to RMB 12.50 billion (USD 1.88 billion) in Q3 2026, compared with RMB 7.53 billion (USD 1.13 billion) in the corresponding quarter of 2025. Net profit attributable to shareholders of the listed company rose 59.10 per cent to RMB 6.04 billion (USD 909 million), against RMB 3.80 billion (USD...
Canadian aluminum fencing supplier PrimeAlux has appointed Shapes Unlimited, Inc. as its authorised US distributor, giving American contractors, fence dealers and builders a local channel to access its aluminum fence panels, gates and privacy screens. Headquartered in Mississauga, Ontario, PrimeAlux said Shapes Unlimited, based in North Jackson, Ohio, will manage pricing, orders and customer support for its products across the US. The arrangement allows buyers to source the company's aluminum fencing systems through a domestic distributor rather than importing them independently. Shapes Unlimited is a privately held fabricator and wholesale distributor of aluminum building products that has served the trade since 1996. Under the agreement, the company will make PrimeAlux's product range...
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PT PLN (Persero) and its subsidiary, PLN Energi Primer Indonesia (PLN EPI), have inked a memorandum of understanding with JERA Co. Inc., aiming to reshape Indonesia's energy sector. This strategic collaboration delves into green energy initiatives, LNG infrastructure, and supply chain optimisation. Indonesia is poised for a transformative shift in its energy landscape, focusing on green energy alternatives. The collaboration between PLN EPI and JERA Co. Inc. holds immense significance in steering Indonesia towards a sustainable future. The emphasis on green or blue ammonia and hydrogen projects underscores a commitment to replacing conventional fossil fuels. LNG development and energy transition Iwan Agung Firstantara, Main Director of PLN EPI, underscores the pivotal role of gas,...
Nespresso, the distinguished global coffee company, has unveiled an eco-friendly innovation in the form of recyclable coffee pods made from recycled aluminium. This eco-friendly endeavour not only elevates the coffee experience but also resonates with Nespresso's commitment to environmental responsibility. Nespresso's latest development marks a pivotal moment in the coffee industry's quest for sustainability. The use of recycled aluminium underscores the company's commitment to mitigating its carbon footprint and embracing circular economy practices. This move aligns seamlessly with Nespresso's ambitious goal of achieving carbon neutrality by 2022. Design excellence and high-quality standards The sleek design of the new coffee pods does not compromise Nespresso's renowned quality. The...
Cecilia Daun Wennborg, currently serving on the boards of Getinge AB, Loomis AB, and Bravida Holding AB, among others, along with Mikael Bratt, who holds the positions of President, CEO, and board member at Autoliv Inc., have been nominated as prospective members of the Board of Directors. Their election is set to take place during the upcoming Annual General Meeting (AGM) scheduled for May 8, 2024. Concurrently, existing board members Katarina Lindström and Hans Porat will step down as they are not seeking re-election and will vacate their positions following the AGM. About Cecilia Daun Cecilia Daun Wennborg brings extensive expertise from executive roles across diverse sectors, including banking, insurance, and healthcare, spanning over two decades. With a wealth of experience, she has...
PA Resources, an aluminium extruder, has announced its acquisition of two industrial lands in Kuala Selangor. The purpose behind this acquisition, totalling RM21 million, is to construct a new factory, thereby expanding its production capacity. Malaysia-based PA Resources is an aluminium extruder engaged in fabrication and related services. According to a filing submitted to Bursa Malaysia on Monday, PA Resources disclosed that its wholly-owned subsidiary, PA Extrusion (M) Sdn Bhd, has finalised two sales and purchase agreements with Niken Steel (M) Sdn Bhd. These agreements entail the acquisition of two vacant leasehold plots spanning a combined area of 72,840 square feet. About the acquisition Notably, the leases for both parcels are set to expire on January 23, 2096. PA Resources has...
RenewSys India Pvt Ltd, a global leader in solar manufacturing, has inked a groundbreaking Memorandum of Understanding (MoU) with the Industries Department of Telangana, affirming an estimated investment of INR 6,000 crore. This move not only reinforces RenewSys' commitment to sustainable energy solutions but also positions Telangana as a potential hub for solar panel equipment. RenewSys, headquartered in Singapore, has already established manufacturing plants in Hyderabad, Bengaluru, and Patalganga. However, the decision to set up its largest integrated facility in Telangana reflects the state's allure as a conducive investment destination. The phased investment plan spans diverse aspects of solar manufacturing, encompassing PV modules and cells, underlining a comprehensive commitment...
In a warning echoing the echoes of the COVID-19 crisis, Norsk Hydro, Europe's largest aluminium producer, reveals a significant downturn in the construction sector in some of the continent's major countries. Pål Kildemo, the CFO of Norsk Hydro, points to a 50% decline in building and construction demand year-over-year in specific regions reminiscent of the challenges faced during the pandemic. In an interview with the Financial Times, he revealed: "We have certain countries and areas where we see up to 50 per cent fall in building and construction demand year-over-year, which is kind of like Covid-period impacts." The construction crash, driven by high rates and escalating building costs, has dealt a severe blow to the aluminium sector. Aluminium, extensively used in facades and...
The President of Guyana, Irfaan Ali, announced on February 19, 2024, that Guyana intends to export its surplus natural gas to Brazil and multiple Caribbean nations, with plans to power an alumina and gold refinery eventually. “Based on pure interest by investors, we are already seeing the second phase of gas coming in, and we will already have to support a second power plant,” the President said while attending the government-backed Guyana Energy Conference. Dr Ali stated that with Guyana's consumption of propane and butane standing at approximately 800 barrels per day, there would be an excess of 3,200 barrels of these natural gases available for export, thus stimulating the transport and logistics sector. Continuing his efforts to attract investors, the President emphasised including...
In 2023, domestic primary aluminium prices continued to surge, driven by a trend of robust internal demand contrasted with relatively weaker external markets. This dynamic opened a window for increased imports of primary aluminium, resulting in a significant uptick in annual import volumes. Moreover, reshaping the global trade dynamics for primary aluminium saw more products flowing into China, with Russia emerging as a critical source country. Consequently, China experienced a substantial uptick in primary aluminium imports in 2023, which mitigated the supply shortages stemming from local production cuts. Concurrently, imports of aluminium alloys also sustained at a scale of one million tonnes. General Administration of Customs data According to data from the General Administration of...
Designers often find themselves at a crossroads in the intricate dance between form and function. This dilemma becomes even more pronounced when catering to the discerning needs of modern travellers, who seek more than mere transportation. TUMI, a paragon of performance luxury lifestyle and accessories, deftly navigates this dichotomy with its mesmerising 19 Degree Aluminium series. TUMI's foray into manipulating aluminium in the 19 Degree series is a testament to the material's allure. The sinewy lines that grace each piece serve not only as a bold visual statement but also as an engineered feature, enhancing the overall rigidity of the luggage. The result is a marriage of aesthetics and durability, where the striking appearance is as formidable as the material itself. Functionality...
The Shanghai Metals Market on February 20 has shown deflecting aluminium prices, with the SMM aluminium ingot price being stuck at RMB 18,670 per tonne, down RMB 150 per tonne in one day. The average prices have ranged between RMB 18,650 per tonne and RMB 18,690 per tonne. If we consider the SMM aluminium ingot price on January 19, we can witness a Month-on-Month slump of RMB 160 per tonne or 0.85 per cent from RMB 18,830 per recorded that day. China’s eight major provinces have all experienced a gradual decline in SMM aluminium ingot prices, with the highest slump recorded in Hangzhou, Chongqing and Shenyang by RMB 150 per tonne, where for the first two places, the price stood at RMB 18,670 per tonne and for the latter it halted at RMB 18,720 per tonne. Tianjin also marked a similar...
LME aluminium opened at $2,218 per tonne on Monday, with its high and low at $2,229.5 per tonne and $2,192 per tonne, respectively, before closing at $2,197.5 per tonne, down 0.92 per cent. On Monday, February 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$17.5 per tonne or 0.79 per cent and US$18 per tonne or 0.81 per cent to settle at US$2,184.50 per tonne and US$2,185 per tonne. As per the LME data, 3-month bid price and 3-month offer price contracted by US$27 per tonne or 1.21 per cent and US$28.5 per tonne or 1.27 per cent to settle at US$2,203 per tonne and US$2,203.50 per tonne. December 25 bid price and December 25 offer price slumped by US$30 per tonne or 1.22 per cent to halt at US$2,422 per tonne and US$2,427 per tonne. LME...
Novelis Inc., the world's leading sustainable aluminium provider and a global leader in aluminium rolling and recycling , has announced that it has signed a green Power Purchase Agreement (PPA) with Statkraft, the largest producer of renewable energy in Europe. This PPA will encompass a significant portion, up to 40 per cent, of the electricity consumption at two key Novelis manufacturing facilities in Germany: Nachterstedt Recycling and Nachterstedt Rolling . This agreement represents approximately 16 per cent of the company's overall electricity usage in Germany. Emilio Braghi, the Executive Vice President of Novelis Inc. and President of Novelis Europe, said, "Enabling our plants to power a significant part of their production with renewable electricity while decreasing carbon...
Tesco is introducing the UK's inaugural tubeless kitchen foil, heralding a significant step towards sustainability. With the implementation of an advanced rolling machine, Tesco is pioneering this innovative product, which will spare 12.5 million cardboard rolls annually. This week, Tesco patrons will have the privilege of being the first to experience the redesigned aluminium foil made possible by this groundbreaking initiative. By eliminating the need for cardboard cores, Tesco underscores its dedication to reducing superfluous packaging, resulting in an annual saving of 330 tonnes of cardboard. Bronwen Williams, the Technical Manager at Tesco who has been involved in the project, said, “This new machine has revolutionised foil production, saving hundreds of tonnes of cardboard from...
South Korea acquired 3,000 tonnes of high-grade primary aluminium ingots of Malaysian origin through a tender process, as announced by the state-operated Public Procurement Service on February 14, 2024. As per the information available on the government procurement agency's website, the purchase particulars are outlined below: 2,000 tonnes from Sumitomo Corp at a premium of $115 CIF/T, with an arrival scheduled for January 31 st at the port of Busan. 1,000 tonnes from LG International Corp at a premium of $114 CIF/T, also set to arrive on January 31 st at the port of Busan. The agreements were finalised with premiums above the London Metal Exchange cash prices, as the metals are required to be registered on the LME. According to the OECD, South Korea's per capita aluminium consumption was...
In the heart of India, where the land echoes the tales of progress, Vedanta Lanjigarh emerges as a beacon of innovation in the aluminium industry. This premier producer of metallurgical grade alumina, a gem in Vedanta Aluminium's crown, is not just shaping the future of metal production but is also etching a remarkable legacy in sustainability. Vedanta Lanjigarh has embarked on an extraordinary journey to revolutionise its operations, envisioning a greener tomorrow. The company's recent foray into biodiesel applications is a testament to its commitment to decarbonise by 2050. Through successful trial runs, Vedanta has harnessed the power of biodiesel, a 'green' fuel derived from biomass, to propel its fleet of commercial vehicles. Biodiesel unveiled: A green elixir for a sustainable...
Hindalco Industries, a primary player in the aluminium industry, is intensifying its commitment to sustainability. Satish Pai, the Managing Director, envisions achieving the first phase of the interim greenhouse gas (GHG) reduction target well before 2030. By 2030, through the completion of the initial phase of the pumped hydro project, Hindalco aims to secure more than 30% of its energy requirements from renewable sources. The company's aspirations extend beyond, aspiring to attain carbon neutrality by 2050. The game-changing Pumped Hydro Project Pai highlights the significance of the pumped hydro project, anticipating a substantial impact on reducing carbon emissions. The successful implementation could propel Hindalco towards achieving its energy mix targets ahead of schedule. "Once...
Water Can is an innovative water brand born from the collaborative efforts of the creative agency Thinkerbell and Mr B, the visionary behind Laneway Music Festival. Crafted from 100 per cent purified still or sparkling water, it comes in an aluminium can, eliminating the need for plastic bottles. Embodying its name, Water Can pledges to champion the exclusive benefits only pure water can deliver. “Water Can is a fun step into co-ownership of brands and product design for Thinkerbell, and the team has done a great job in coming up with a water brand that’s pretty interesting,” said Adam Ferrier of Thinkerbell and Water Can. Water Can, the eco-conscious brand, debuted at festivals like Laneways Music Festival, offering its refreshing contents in convenient screw-top cans. Alongside...
February 19, 2024, marks a significant milestone for Chemship as it launches its inaugural vessel equipped with wind-assisted propulsion, setting a new standard in sustainable shipping. The MT Chemical Challenger, a pioneering chemical tanker, now boasts the distinction of being the first of its kind globally to integrate eco-friendly wind technology into its operations. Assigned to ply the Trans-Atlantic route connecting the United States East Coast with the Mediterranean, this vessel heralds a new era of environmentally conscious maritime transportation. The recent installation of four 16-meter-high aluminium wind sails on the 134-meter-long ship represents a groundbreaking advancement. Manufactured by Econowind, these VentoFoils provide a direct wind surface of 180 m2. Through...
