Nautor Swan has unveiled new details and official renderings of its 43.5-metre Swan Alloy 44, the Finnish yacht builder’s first aluminium supermaxi, with construction now underway in the Netherlands. The yacht is being built at Gouwerok Shipyard, where hull and deck construction are currently in progress. Once this stage is completed, the vessel will move to Viareggio, Italy, for final outfitting, launch and delivery, which is scheduled for 2028. The project will also become the largest yacht ever built by Gouwerok Shipyard and its first all-aluminium supermaxi. Although construction is taking place outside Finland, Nautor Swan’s team will continue to oversee key aspects of the programme, including its design philosophy, performance studies and supply-chain coordination. The Swan Alloy 44...
Neuman Aluminium has selected a 40-tonne aluminium melting furnace from industrial furnace supplier Jasper for Hirschvogel’s site in San Juan del Río, Mexico, to expand aluminium production at the facility. After Neuman’s melting furnace upgrade at its Marktl headquarters in Austria , the company is deepening its footprint in North America. Neuman Aluminium recently partnered with Hirschvogel for the project. Construction has begun on two production halls, each spanning 7,500 square metres, with production scheduled to start at the beginning of 2028. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The furnace will be a tiltable 40-tonne melting furnace equipped with...
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China's aluminium rod processing fees staged a stair-step rally in the first half of 2026, peaking near record highs in June as tight spot supply collided with a surge in export orders, but the momentum faltered in early July as softening LME prices shut the arbitrage window, pointing to a weaker start for the second half. Processing fee trends In H1 2026, domestic aluminium rod processing fees exhibited bottom oscillation followed by a stepwise ascent. Overall, the processing fee was significantly higher than the same period last year. However, the price trajectory diverged from 2025, when peaks occurred during the April-May consumption peak season. This year, fees began a stair-step climb in early May, culminating at the year's high point by the end of June. At the start of the year,...
Aditya Birla Group company Hindalco Industries is expected to remain in focus after Kotak Institutional Equities raised its recommendation on the company by two notches. It has shifted from 'Reduce' to 'Buy', highlighting improvement in earnings visibility with a more attractive valuation after the recent correction in the stock . Kotak has also made a slight revision of its target price to INR 1,120 (USD 11.63) per share from INR 1,100 (USD 11.42), implying an upside potential of 17 per cent (approx.) from the current market price. Explore the relevance of red mud in the sustainable aluminium industry in A Comprehensive Analysis of Bauxite Residue (Red Mud): Sustainability, Resource Recovery and Strategic Recommendations Kotak believes several growth catalysts are coming together for the...
Canyon Resources has taken delivery of the first locomotives for its Minim Martap bauxite project in Cameroon. The mine is being developed by its subsidiary, Camalco Cameroon, which expects an initial fleet of seven locomotives and 160 wagons to transport 35,000 tonnes of bauxite a month. The company is targeting its first shipment in Q4 2026. The initial rail fleet will comprise seven locomotives and 160 wagons, providing a transport capacity of 35,000 tonnes per month. The first 60 wagons are expected to arrive from China in mid-August, while the remaining 100 wagons are scheduled for delivery later this year. Commenting on the development, Canyon Resources Managing Director Peter Secker said, “We are pleased to be making continual and rapid progress at Minim Martap as we work toward...
Imagine it is the final trading week of December 2031. A cargo vessel loaded with Guinean bauxite is approaching a Chinese port after weeks at sea. An aluminium smelter in the Middle East is preparing to price its next monthly shipment to an automotive customer in Europe. A commodity trader in Singapore is rolling forward a hedge linked to the London Metal Exchange (LME), while a bank in London is calculating the value of aluminium inventories pledged as collateral under a trade finance facility. Thousands of kilometres apart, these activities appear unrelated. Yet they all depend on one common factor: whether the LME is open for business. To many outside the metals industry, the LME’s trading calendar is simply a schedule of exchange holidays and trading days. However, for aluminium...
Shri G. Kishan Reddy, Union Minister for Coal and Mines, along with Shri Satish Chandra Dubey, Minister of State for Coal and Mines, launched the Eighth Tranche of e-auction of Critical and Strategic Mineral Blocks during the curtain raiser event of India Mining Week 2026. The launch marks another significant milestone in the government’s efforts to strengthen India’s critical mineral security, reduce import dependence and build resilient supply chains for minerals essential to clean energy, advanced manufacturing, defence, aerospace and other strategic sectors. The event was attended by senior officials of the Government of India, representatives of State Governments, industry leaders, Public Sector Undertakings (PSUs), think tanks, prospective bidders and members of the media....
Hydro Extrusion USA will close its aluminium extrusion facility in Delhi, Louisiana, next year, with operations scheduled to end on April 1, 2027. The closure will result in the loss of 226 jobs, according to a Worker Adjustment and Retraining Notification (WARN) filed with the Louisiana Workforce Commission in June. The layoffs are expected to take effect on March 31, 2027. The Delhi facility is one of two extrusion plants in the United States that Hydro plans to shut down. The second plant is located in the City of Industry, California. Together, the closures will affect around 350 employees. Hydro said, “Both sites face low capacity utilisation and require significant capital investment to meet operational standards.” As part of the restructuring, production from the two plants will be...
Premium Lindoia, in partnership with Ball Corporation – a global leader in sustainable aluminium packaging –, announces the launch of its Flavors line in cans in Brazil, featuring sparkling flavoured waters in lemon, grape and passion fruit varieties. The new products are the world’s first flavoured waters in cans to carry the Aluminium Stewardship Initiative (ASI) seal, reinforcing the growing demand for products that combine flavour, well-being, and sustainability, as well as the diversification of beverage categories available in cans. Developed for consumers seeking healthier beverage alternatives, the Flavors line combines mineral water, carbonation, and natural fruit flavours, with no sugar, preservatives, or calories. In addition to its focus on well-being, the launch represents...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,090 per tonne, down RMB 135 or 0.58 per cent from yesterday's settlement price. It opened the day at RMB 23,120 per tonne and fluctuated within a range of RMB 23,090–23,190 per tonne. Prices were above the 5-day MA (23,116.00) and 10-day MA (23,038.00) but below the 30-day MA (23,444.33) and 60-day MA (24,060.67). Short- and medium-term moving averages formed a bearish alignment and gradually exerted downward pressure. The overall structure of consolidation on a subdued note was pronounced, with multiple overhead moving averages providing layers of resistance. On the MACD indicator, DIF (-236.1753) was above DEA (-319.1200), and the MACD histogram stood at 165.8894. Bearish momentum has been waning. The core trading...
Postle Aluminum Co. has announced plans to install two new aluminium extrusion presses at its new 230,000-square-foot facility in Howe, Indiana. The expansion will increase the company's extrusion capacity and support existing customers, new business opportunities and OEM partners. The expansion includes a 10-inch extrusion press and a 7-inch extrusion press, both of which will be installed at a new 230,000-square-foot facility in Howe, Indiana. According to the company, the project is intended to support existing customers, expand into new markets and strengthen supply for original equipment manufacturer (OEM) partners. Mark Smith, president of the company, said, “We’re making this investment now to ensure we have the capacity, capabilities and reliability to support their growth without...
In the aluminium casting industry, every decision, be it a new investment, adopting new technology or upgrading the cast house, always carries a cost. The most cost pinch is faced when a decision is made without having reliable access to market intelligence. Various factors are reshaping the aluminium cast house, such as electric vehicles (EVs), reshaping the component design and mega-casting is rewriting manufacturing economics. Moreover, for the casting industry, the recycled aluminium is becoming a strategic advantage rather than just a sustainable initiative. In addition to this, factors like rising energy costs, raw material volatility and the evolving OEM expectations are also continuing to squeeze the margins. Therefore, navigating through such a market, relying on historical...
London Metal Exchange (LME) aluminium prices edged lower on July 15 compared with the previous trading day, while exchange inventories also registered a decline. The LME aluminium cash bid price stood at USD 3,153 per tonne on July 15, down 0.50 per cent from USD 3,169 per tonne on July 14. The cash offer price fell to USD 3,153.5 per tonne from USD 3,171 per tonne, a decline of 0.55 per cent. The LME aluminium three-month bid price eased to USD 3,150 per tonne on July 15 from USD 3,167 per tonne on July 14, marking a 0.54 per cent decrease. The three-month offer price also slipped 0.54 per cent, from USD 3,167.5 per tonne to USD 3,150.5 per tonne. Further along the forward curve, the December 2027 bid price declined to USD 3,085 per tonne from USD 3,103 per tonne, down 0.58 per cent. The...
PA Resources Bhd has renewed its supply agreement with First Solar Inc, First Solar Malaysia Sdn Bhd and First Solar Vietnam Manufacturing Co Ltd to supply aluminium extrusion profiles used in the production of photovoltaic modules. The new contract is valued at RM1.31 billion (USD 321.22 million) and covers an 18-month period from July 2026 to December 2027. According to the company, it is the fifth supply agreement awarded by First Solar. In a filing with Bursa Malaysia, PA Resources said the contract is expected to improve operational efficiency through better production scheduling, material planning, workforce utilisation and logistics coordination. The company also expects the agreement to contribute positively to its earnings and net assets. Explore: The most comprehensive and...
Toyota Vice Chairman Koji Sato is calling for Japanese automakers to work together on common standards for selected vehicle parts as Chinese brands continue to gain ground in key global markets. The proposal would standardise components such as steel, wiring harnesses and plastics across Japan's major carmakers. By reducing the number of component variations, automakers could lower costs, improve efficiency and put more resources into areas that increasingly influence car buyers. The push comes at a difficult time for Japan's auto industry, with Chinese manufacturers steadily taking market share from established Japanese brands in Europe, China, Southeast Asia and Australia. “Unless things change, we will not survive,” Sato said during Toyota’s annual supplier meeting in March, as...
Thrust Capital Partners (TCP) has acquired Alphacasting Inc., a Quebec-based manufacturer of titanium and aluminium precision investment castings serving the aerospace and defence industries. Founded in 1991, Alphacasting manufactures high-complexity precision castings using a range of metal alloys, with a primary focus on high-strength aluminium. The company also states that it is the only Canadian foundry with titanium casting capabilities. Following the acquisition, Louis Marc Pinard, former Chief Operating Officer of AP&C (GE Aerospace), has been appointed as Chief Executive Officer of Alphacasting. He said the company has established a strong position in the precision casting sector and that the focus will be on operational excellence, long-term value creation and sustainable growth....
Impact Minerals Limited has received a AUD 310,000 (USD 203,200) rebate under Australia's Research and Development Tax Incentive scheme for the financial year ended June 2025. The company said the funding will be used to advance its flagship Lake Hope High Purity Alumina (HPA) Project and support its investment in Alluminous Pty Ltd. According to Managing Director Dr Mike Jones, the project's unique mineralogy, together with its patented and proprietary processing techniques, enabled the company to recover a significant portion of its research and development expenditure through the incentive programme. The rebate will support ongoing pilot plant studies being carried out in collaboration with CPC Engineering and Edith Cowan University, which are focused on producing high-purity alumina...
As part of its ongoing commitment to environmental, social and governance (ESG) principles and corporate social responsibility (CSR), Midal Cables has concluded a corporate branding competition in collaboration with the American University of Bahrain (AUBH), providing students with a unique opportunity to showcase their creativity by developing concepts for the company's future corporate identity. The competition challenged students to develop an integrated corporate branding concept for Midal Cables, providing them with an opportunity to apply their academic knowledge to a real business project while showcasing their creativity, innovation and design thinking. Following a comprehensive evaluation by a joint judging committee, Ms Yasmeen A. Rahman Ahmed, a graduate of AUBH’s College of...
Aluminium foil is gaining attention as a potential passive cooling solution after research found that a reflective layer installed beneath roofs can significantly reduce the amount of heat entering buildings during summer. As temperatures rise, roofs absorb large amounts of solar radiation, increasing indoor temperatures and placing greater demand on air conditioning systems. Researchers have found that installing a thin reflective aluminium layer beneath the roof can help reflect a substantial portion of this radiant heat before it reaches living spaces. A study by Stefano Fantucci and Valentina Serra, published in the journal Energy and Buildings in 2019, found that aluminium foil used as a radiant barrier reduced summer heat gain by 10 per cent to 53 per cent, depending on the...
In partnership with the alumina and aluminium producer Alcoa Corporation, governments and industrial representatives of Australia, Japan and the US have reached the final investment decision (FID) for a project to establish a gallium production facility at Alcoa's Wagerup alumina refinery in Western Australia. The plant, to be built and operated by Alcoa, will utilise the company's expertise in alumina refining and advanced mineral processing to produce gallium, a critical mineral used extensively in semiconductors, defence systems and other advanced technologies. Explore the relevance of red mud in the sustainable aluminium industry in A Comprehensive Analysis of Bauxite Residue (Red Mud): Sustainability, Resource Recovery and Strategic Recommendations The project is expected to create a...
