COROS has introduced the DURA 2 SOLAR, a second-generation GPS cycling computer featuring an anodised aluminium alloy frame and a braided carbon fibre back. The new model combines aluminium construction with a larger touchscreen, updated navigation functions and extended battery life. The device features an aluminium upper frame with a profile measuring just 5.7 mm at its thinnest point. Its construction combines the metal with carbon fibre to keep the overall weight at 99 grams without a mount, increasing to 138 grams with a compatible mount. The use of aluminium is part of a broader redesign that gives the cycling computer a slimmer profile. COROS has also expanded the screen size from 2.7 inches in the original DURA to 3.5 inches in the new model, improving the available display area...
Silgan Holdings and funds affiliated with American Industrial Partners (AIP) are set to acquire Trivium Packaging in an all-cash deal valued at approximately $3.4 billion. The transaction will combine Trivium’s aluminum and metal packaging operations with Silgan’s Metal Containers’ aluminum and steel segment and food and beverage flat cap closures businesses, creating Silgan Metal Containers and Closures (MCC), a global aluminum packaging business valued at $7.3 billion. Silgan will hold a 60% stake in the new entity, while AIP will own the remaining 40%. Operations will be concentrated primarily in North America and Europe. To learn the future of aluminum in the packaging industry, explore our report " ALuminium in Packaging: Consumer Trends and Market Dynamics " Deal structure and...
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After remaining above USD 3,500 per tonne at the June 12 session , the LME aluminium price dropped across all the pricing segments, barring the live warrants and alumina price, on the June 15 session. The LME aluminium cash bid as well as offer price eased 3.3 per cent day-on-day on June 15. While the bid went down from USD 3,535 per tonne to USD 3418.5 per tonne, the offer shifted from USD 3,536 per tonne to USD 3419.5 per tonne. Explore: The most comprehensive and forward-looking industry-focused report – Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook In the near-term contracts, both the LME aluminium three-month bid and offer prices reported a drop of 2.86 per cent. While the bid slipped from USD 3,531 per tonne on June 12 to USD 3,430 per...
Iran has signed five new memoranda of understanding (MOUs) with private sector organisations to strengthen its rail transport and logistics network, with one of the agreements aimed at improving the movement of raw materials and finished aluminium products. The agreements were signed at a ceremony attended by Minister of Transport and Urban Development Farzaneh Sadegh, Islamic Republic of Iran Railways Managing Director Jabbar Ali Zakeri, Mostazafan Foundation Head Hossein Dehghan, Parliament's Civil Committee Chairman Mohammad Reza Rezaei Koochi and senior representatives from the private sector. Among the agreements was a cooperation MOU between the Railways Company and Iran Aluminum Company (Iralco). The partnership focuses on expanding rail transport for the company's raw materials...
The Central Electricity Authority (CEA) has set standard implementation timelines for Inter-State Transmission System (ISTS) projects to improve coordination between power generation and transmission infrastructure. The National Committee on Transmission (NCT) approved the timelines during its 40th meeting held on April 15, 2026, covering transmission assets such as substations, transmission lines and High Voltage Direct Current (HVDC) systems. According to the CEA's office memorandum, the standard implementation timelines prescribed for ISTS assets range from 24 to 54 months, depending on the type and complexity of the project. For greenfield projects, new 765 kV and 400 kV substations will have a standard implementation timeline of 36 months. Similarly, 765 kV double-circuit...
Tesla has started delivering the Model Y L in India, a six-seater version of its Model Y electric SUV. The first vehicles have been handed over to customers through the company’s direct-to-consumer sales model. The variants also use aluminium and Tesla’s giga casting technology, which helps reduce weight, improve structural strength and simplify vehicle production. The Model Y L is priced at INR 6.199 million (USD 65,600). Tesla is also offering financing options with monthly payments starting from INR 49,990 (USD 529) and down payments beginning at INR 650,000 (USD 6,880), subject to loan approval and financing terms. The vehicle offers a claimed driving range of up to 681 km under the WLTP test cycle and can accelerate from 0 to 100 km/h in 5.0 seconds. It offers up to 2,539 litres of...
On International Day for Women in Mining, Vedanta Group reaffirmed its commitment to building a more inclusive and future-ready workforce, with women increasingly taking on operational, technical and leadership roles across its businesses. Today, women account for 23 per cent of Vedanta's workforce, significantly higher than the mining industry's average of 6 per cent, with 13 per cent deployed across mines, plants, smelters, refineries and control centres - areas traditionally considered among the most challenging and underrepresented segments of the industry. This progress has been enabled by the transformation by Vedanta, where technology, digitalisation and automation have made operations more standardised, efficient and safer for all men and women alike. Vedanta’s mining and metals...
中文翻译附于新闻末尾，敬请继续阅读。 The global aluminium extrusion industry is currently navigating a severe structural dichotomy. If you look purely at the macroeconomic surface, the sector is riding an aggressive demand supercycle. The global push for electric vehicles, the rollout of green infrastructure, and strict regulatory mandates for lightweighting make the volume growth narrative look virtually unassailable. However, dig a little deeper into the factory floor and a much darker picture emerges. Operating just beneath this surface-level optimism is a brutal margin compression dynamic. Escalating energy costs, aggressive international trade tariffs, war, rigid limits on primary raw material supplies, and the new reality of carbon pricing are threatening to trap traditional extruders in a...
Japan and the United Kingdom have unveiled a series of agreements that could lead to Japanese companies investing up to USD24 billion (EUR 18 billion) in Britain over the coming years. The announcement followed talks in London between UK Prime Minister Keir Starmer and Japanese Prime Minister Sanae Takaichi ahead of the G7 Summit in France. Starmer said the agreements marked a "new era of co-operation" between the two countries. Under the package, about USD 12 billion is expected to be invested in British infrastructure and financial services, while a further EUR 9 billion is earmarked for offshore wind and other renewable energy projects. The UK government said the investments could support the creation of tens of thousands of jobs. Japanese property and investment groups Mitsubishi...
As aluminium producers and fabricators increasingly focus on high-value applications, surface finishing is playing a bigger role in the manufacturing process. One technique used extensively across the industry is bead blasting, which is commonly carried out before anodising, painting, powder coating and other finishing operations. By the time bead blasting takes place, the aluminium has already been cast, extruded, rolled or machined into its required shape. The process uses compressed air to direct fine spherical media - usually glass or ceramic beads - onto the surface of the component. The impact removes oxidation, traces of light corrosion, machining marks, residual oils and other surface contamination, while removing only a very small amount of the base material. For aluminium...
While the market may have already priced into Press Metal Aluminium Holdings Berhad much of the company’s value, based on its long-term record of successful operations and solid profitability, the company's consistent success in generating profit and operating successfully suggests that Press Metal Aluminium Holdings Berhad could continue to provide viable opportunities for the company's shareholders over the long term. Strong earnings growth supports the investment case One of the most commonly cited metrics for analysing business success is earnings per share (EPS). In many cases, earnings per share are used as an indicator of a company’s ability to deliver value for shareholders in the long term. Companies that are able to achieve sustainable growth in EPS often inspire confidence...
Hindalco Industries attracted investor attention after Novelis, its subsidiary, resumed operations at the hot mill of its Oswego facility in New York. The unit had been affected by a fire earlier, leading to a temporary disruption. The company said the hot mill is now back in operation and work is underway to gradually increase production and meet customer demand. During the shutdown, Novelis relied on its other facilities around the world to help maintain supplies. The company said that its teams worked with customers and suppliers to minimise disruptions while the Oswego plant was offline. Novelis CEO Steve Fisher said restarting the mill was an important step for both the company and its customers. He also thanked employees, customers and business partners for their support during the...
The European Union is one of the largest generators and collectors of aluminium scrap in the world, with over 80 per cent recycling rate. The demand is also robust, with an average annual volume of 8 million tonnes. Yet, the European Union exports 1.2 to 1.3 million tonnes of scrap during a year, which reflects 15 per cent of the volume collected domestically. In Q1 2026, the European Union exported 328,134 tonnes of aluminium scrap, - 69 per cent of which were destined to the Asian countries, according to Eurostat data. India tops the list with reduced import volume India remained the largest importer of aluminium scrap from the European Union during the first quarter of 2026, even though their imports declined sequentially. From January to March 2026, India imported 88,205 tonnes of...
As the push for halting Aughinish Alumina exports to Russia intensifies with the latest urge from Estonia , Ireland’s Minister of State, Seán Canney, indicated his support for potential EU sanctions, provided the ongoing investigation proves Russia’s use of alumina in military and industrial capabilities is legitimate. Minister Canney stated that the issue was under active examination and asserted the State would take necessary action if “reliable and hard evidence” from the ongoing investigation by the Department of Enterprise were brought to the table within the next two weeks. 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 Regarding the...
中文翻译附于新闻末尾，敬请继续阅读。 China Hongqiao Group is looking to raise the annual limits on a bauxite supply deal involving its subsidiary, Well Harvest Winning. The company said the current limits may not be enough for its expected needs over the coming years. The supply agreement runs until 2033 and is with Indonesia-based Cita Mineral Investindo. Bauxite is a key ingredient in aluminium production, and Hongqiao expects to require larger volumes as its operations continue. Under the deal, the supplier sells bauxite at a benchmark price of USD 31.50 per dry metric tonne, with adjustments depending on ore quality and periodic reviews. Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook This increase does not change the agreement itself, but it allows Hongqiao...
Slovakia is in the final stages of preparations to restart aluminium production at the Žiar nad Hronom smelter, with an official announcement expected in the coming weeks, Prime Minister Robert Fico has said. In a video message shared on social media, Fico said work related to the revival of the facility in the Banská Bystrica region is approaching completion. "The final decisions are being completed. I believe that after only a few more weeks of work, we will be able to announce important news for Slovakia and for Europe," he said. The restart of operations at the plant would represent a notable development for Slovakia's industrial sector and could contribute to Europe's aluminium production capacity. During the address, Fico also commented on a number of international issues. He said...
LME aluminium price graph showed a stronger trend on June 12, with cash, three-month and forward contracts all moving higher compared with the previous trading session, while stocks continued to fall. The LME aluminium cash bid price rose to USD 3,535 per tonne on June 12 from USD 3,498 per tonne on June 11, an increase of 1.06 per cent. The cash offer price also gained 1.07 per cent, climbing to USD 3,536 per tonne from USD 3,498.50 per tonne. In the three-month market, the bid price increased to USD 3,531 per tonne, up 1.03 per cent from USD 3,495 per tonne. The three-month offer price rose by 1.04 per cent to USD 3,532 per tonne, compared with USD 3,495.50 per tonne a day earlier. The December 2027 contract posted stronger gains. The bid price advanced 1.79 per cent to USD 3,250 per...
The next chapter of Vedanta Limited’s restructuring journey begins on June 15, with four newly demerged businesses making their stock market debut. The entities, viz., Vedanta Aluminium Metal Limited, Vedanta Power Limited, Vedanta Oil & Gas Limited, and Vedanta Iron & Steel Limited, will be listed separately, offering investors direct exposure to individual business verticals. Under the demerger scheme announced earlier this year, shareholders received one share of each newly created company for every Vedanta share held as of the May 1 record date. While Vedanta's stock price had already adjusted to reflect the restructuring, the value of these standalone businesses has largely remained untested in the market until their listing. Explore: The most comprehensive and forward-looking...
Norsk Hydro has been hit by a second aluminium supply crisis leading to yet another force majeure in just three months after its Qatar joint venture, Qatalum, unexpectedly terminated a long-standing marketing agreement with the Norwegian producer, raising fresh concerns over the company's ability to meet customer commitments. The latest force majeure declaration follows an earlier notice issued in March 2026, when conflict-related disruptions in the Middle East interrupted natural gas supplies to Qatalum, forcing the smelter to initiate a controlled shutdown. Although the plant later secured sufficient gas supplies to maintain operations at around 60 per cent of capacity, Hydro confirmed that the original force majeure remains in effect. Qatalum, one of the Middle East's largest aluminium...
Royal Enfield has introduced the new Classic 650, a motorcycle that stays true to the brand’s retro design philosophy while incorporating modern features and the company’s proven 650cc parallel-twin engine. The motorcycle follows the styling cues that have made the Classic series popular, featuring traditional lines, a hand-pinstriped fuel tank and premium aluminium switch cubes. Royal Enfield has positioned the model as a value-focused option in the mid-capacity retro motorcycle segment, with a starting price of USD 7,499 in the United States and CAD 9,999 in Canada. The Classic 650 uses the same 650cc parallel-twin engine found in several other Royal Enfield models. While it is not designed as a high-performance motorcycle, it offers a smooth riding experience and focuses on comfort,...
