Hindalco Industries has terminated its proposed USD 125 million acquisition of US-based speciality alumina producer AluChem Companies after extended delays in closing the transaction. The decision ends a deal announced in June 2025, although Hindalco says its speciality alumina expansion strategy remains firmly in place. Hindalco Industries has called off its proposed acquisition of AluChem Companies Inc., bringing an end to its planned USD 125 million entry into the US-based speciality alumina producer. The Aditya Birla Group's metals flagship and AluChem have jointly decided to terminate the Equity Purchase Agreement (EPA) following prolonged delays in completing the transaction. According to Hindalco's regulatory filing, the delays were beyond the control of either party. "The proposed...
The US September consumer confidence index plunged 6.7 points to 81.9, the lowest since 2014 and deteriorating across the board. The University of Michigan survey showed consumers' assessments of their current financial situation and that one year ahead both fell about 10 per cent, with high-price concerns continuing to brew. Inflation pressure showed no signs of easing. US Fed Governor Cook said AI demand growth, rising oil prices, and supply chain disruptions from Middle East conflicts would keep inflation under pressure, but gave no clear guidance on rate hikes. CME data showed the market-implied probability of a 25 bp rate hike in October had risen to 70.9 per cent, and the probability of a cumulative 50 bp hike by December reached 58.7 per cent. Tightening expectations strengthened...
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According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further lost 38,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to stand at 1.09 million tonnes as of Thursday, March 30. But it is to be noted that the weekly decline slowed down from the drop of 85,000 tonnes in the week of March 20-26. The reason behind the back-to-back primary aluminium inventory fall is high aluminium prices, limited increase in downstream operations, and a lack of confidence for future orders, resulting in downstream buyers being cautious about buying. Output cuts by smelters and an increased share of molten aluminium threatening the production of ingots could extend the destocking of primary aluminium inventories till April. Compared to...
LME aluminium opened at US$2,380.5 per tonne on Thursday, with its high and low at US$2,400 per tonne and US$2,369.5 per tonne respectively before closing at US$2,386.5 per tonne, an increase of US$3.5 per tonne or 0.15 per cent. On March 30, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price slumped by US$22 per tonne or 0.93 per cent to close at US$2,343.50 per tonne and US$2,344 per tonne. The 3-month bid price dropped down by US$23.50 per tonne or 0.97 per cent, stopping at US$2,386 per tonne and the 3-month offer price plunged by US$22 per tonne or 0.91 per cent halting at US$2,388 per tonne. December 24 bid price and December 24 offer price halted at US$2,577 per tonne and US$2,582 per tonne with a decline of US$16 per tonne or 0.61 per cent....
On March 29, 2023, the Egyptian Railway Authority (ERA) announced that the fourth high-speed Talgo train had begun daily commercial service on the Cairo-Aswan line. The Egyptian Ministry of Transport and the Spanish railway tycoons agreed on a contract of EUR 157 million in 2019, which also called for the delivery of six Talgo trains. In addition, the trains are made of aluminium, which makes them lighter, helps extend their lifespans, and reduces fuel consumption. A caboose, an engine, a power car, five air-conditioned first-class railcars, eight air-conditioned second-class railcars, and other vehicles make up each train. The train has several contemporary features, such as entertainment and special-needs seating. Asuit, Sohag, Qena, Luxor, Edfu, and Kom Ombo are destinations where the...
Altech Batteries (ATC) has unveiled the new look of its one-megawatt-hour (MWh) “GridPack” product specially crafted for the renewable energy and grid storage sector. Altech has forged a partnership with Fraunhofer to develop the CERENERGY Sodium Alumina Solid State (SAS) 1.0 MWh GridPack in a sea container module. This technological development occurred almost six months after the organisations joined in circulating Fraunhofer’s CERENERGY SAS battery in retail. Altech assures that the GridPacks can endure any probable weather discrepancies and are suitable for outdoor applications. The GridPack also has an estimated life expectancy of more than 15 years with uninterrupted use. The product has been designed to endure extreme weather conditions so that it can operate smoothly without...
Wilwood Engineering, the US based designer and manufacturer of high-end disc brake systems is excited to launch the first high-performance large brake kits for Utility Terrain Vehicles (UTV). All the UTV improvement kits have high-friction rotors positioned dynamically and forged aluminium four- or six-piston callipers. Using their years of expertise, Wilwood created bolt-on, ready-to-install performance brake kits for the most widely used vehicles. Forged aluminium callipers have been specially created to give enhanced clamping force with decreased deflection for the side-by-side market. Over the past 20 years, UTVs have developed quickly, gaining more power, larger wheels and tires, more suspension travel, and the capacity to transport the entire family along with their belongings. Many...
Aluminium Stewardship Initiative (ASI) announced the joining of Impol TLM as its new Production and Transformation member. As a part of the Impol Group, lmpol is an adaptable, creative, and development-focused business that reprocesses aluminium into various cutting-edge semi-finished items that effectively satisfy the demands of numerous sectors. Impol is big enough to successfully complete significant orders and small enough to maintain flexibility and adjust to its clients' rigorous standards. The expansion of their product line and effective fulfilment of the demands of several industries, including the automotive, defence, transport, construction, food, and pharmaceutical industries, are made possible through development, innovations, and adaptation. "By joining the ASI, we want to...
Three Blind Mice, an English craft brewer, has been tagging its flagship beverage cans with ‘not for sale in Scotland’ to deal with the deposit return scheme (DRS) in Scotland.The company blatantly devised this particular solution to avoid being fined under the Scotland DRS. The DRS , which was scheduled to be launched in August, requires the beverage brands to increase the price of their assorted drinks by 20p so that the same amount can be refunded on returning the used container. The Scotland DRS has been designed to accept one-time use plastic bottles and aluminium cans. The brewer was flustered by the fact that each drink type needs to be registered under the Scotland DRS with an initial fee of £350. Three Blind Mice brews small batches of specialist beers, and the company can't...
The American University in Dubai is announced as a winner of EGA’s this year’s AI Robot competition. Al Robot is an annual competition hosted by EGA, challenging students from UAE universities and higher education institutions to design and make prototype industrial robots for use at EGA’s aluminium smelters. The winning team members from American University in Dubai were Mostafa Aboelnaga, Mohammad Rashwan, Mohammad AlHadi, Yassin Abdelmeguid and Bilal Serieh. This year, EGA hosted the fifth edition of competition, throwing a challenge to design and build a robot that can measure the thickness of materials within EGA’s reduction cells. This gave a chance to students to apply their academic knowledge in the field of robotics and automation and develop a practical solution for the...
One of the most reputable institutional investors in the US, Yousif Capital Management LLC, has made a significant move towards reorganising its portfolio. According to the organisation's most recent filing with the Securities and Exchange Commission (SEC), during the fourth quarter (Q4), it reduced its holdings in shares of Kaiser Aluminum Co. by 13.6 per cent. After selling 1,745 shares of the industrial goods company's stock over time, the institutional investor now owns 11,079 of those shares. According to its most recent Securities and Exchange Commission filing, Yousif Capital Management LLC held 0.07% of Kaiser Aluminum for $842,000. Kaiser Aluminum is currently trading at $73.09 after seeing a rise in recent weeks in response to adverse comments from stock experts who have...
On March 30, 2023, the Australian parliament passed the progressive climate laws eyeing the countries' worst polluters, impelling aluminium smelters and alumina refineries, coal mines, and oil refineries, among others, to restrain emissions by about five per cent annually. The legislation, according to experts, marks the end of Australia's harsh "climate wars," a decade-long political scuffle that has repeatedly thwarted efforts to combat climate change. Tommy Wiedmann, the sustainability expert at the University of New South Wales, said, "It's the first time greenhouse gas emissions reduction has been written into Australian law. "That's obviously a good thing. We have a climate policy now." The legislation, which applies to 215 significant industrial units producing more than 100,000...
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Alumina production in Africa & Asia (ex-China) in the first two months of 2023 amounted to 2.159 million tonnes, reflecting a year-on-year drop of 2.92 per cent from 2.224 million tonnes, found the International Aluminium Institute (IAI). In February 2023, Africa & Asia’s (ex-China) alumina output was 1.04 million tonnes, down by 7.06 per cent from 1.119 million tonnes a month ago. According to IAI, the monthly decline extended during February as January also recorded a dip, albeit at a lower rate, by 0.89 per cent month-on-month from 1.129 million tonnes. On a year-on-year calculation, the alumina output in Africa & Asia (ex-China) during February 2023 also registered a downfall of 3.26 per cent from 1.075 million tonnes. Meanwhile, despite the monthly decline, the average daily...
Samuel Abu Jinapor, the Minister of Lands and Natural Resources, has emphasised the need to develop the downstream aluminium industry in Ghana. He claimed that the nation has lost out on enormous cash and job prospects for young people by not doing so throughout the years. The Minister emphasised the need to add value to Ghana's natural resources to secure maximum profit when speaking at a two-day workshop organised by GIADEC in collaboration with the Strategic Anchor Industries Unit of the Ministry of Trade and Industry, the Overseas Development Institute (ODI). The workshop, which took place in Akosombo, sought stakeholders' feedback to create a policy framework and implementation strategy for a nationally integrated aluminium sector. "This is a huge opportunity for companies to develop...
On March 29, 2023, a train accident occurred in the district of Tinguilinta in the sub-prefecture of Tanéné in Boké. According to our information, a CBG train loaded with Bauxite in the province from Sangaredi struck a machine in which a young employee of a security company was present. It has been revealed that the latter eventually succumbed. Our informant claims that the switchman, Sadjouma N'Diaye, who is years 30 old, is the victim. The victim in question was lying in a tamping machine, the needle pointing to the siding. The accident occurred while descending a hill. The train carrying bauxite to Kamsar collided with the tamping machine, severely damaging it. Tamping machines do the same job as stone blowers, restoring the line and level of the track, but work slightly differently....
The Karlsruhe Institute of Technology (KIT) has formulated a new way of battery recycling which can recover up to 70 per cent of the lithium without engaging corrosive chemicals, high temperatures or prior sorting processes. The fact is, the aluminium usage in the new recycling method as a reducing agent for the mechanochemical reaction saves the application of chemicals and high temperatures. Scientiests explain that no other chemicals are needed due to the presence of aluminium in the cathode. Mechanochemical reaction is a process that uses mechanical processes at room temperature and at normal air pressure to bring about chemical reactions. In the new recycling process, the battery waste is ground up to recover the lithium, during which reaction with the aluminium, results in the...
A Cambodian recycling company, Seng Casin Electronics, has begun locally producing secondary aluminium from aluminium scrap to be readily exported to China. The first of its kind in Cambodia, the company also wishes to venture out with its aluminium products into the domestic industrial sector. Seng Casin Electronics has planned to supply local beverage companies with aluminium cans made with recycled aluminium from its facility in Takeo province. The CEO of the company, Sun Bunheng, claimed that the factory presently exports the total volume of its extracted pure aluminium. “We are gearing up to produce drink cans for local breweries and beverage companies and also plan to manufacture aluminium power lines,” Bunheng explained. The CEO also added: “There are Chinese and South Korean...
According to a report on March 29, Goyal Aluminiums has planned to invest INR 200 crore into building an electric vehicle (EV) plant in Uttar Pradesh for manufacturing electric, mild-speed range scooters for the Indian two-wheeler industry. In early March, the company announced debuting into the electric vehicle sector through its newly incorporated venture Wroley E India . As per the report, the company has already acquired a 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project on a lease for a period of 90 years. Goyal Aluminiums’ spokesperson told PTI on Wednesday, "Goyal Aluminiums...is gearing up to set up a new electric vehicle manufacturing plant with an investment of Rs 200 crore.” "Low-speed and electric scooters will only be...
LME aluminium opened at US$2,383 per tonne on Wednesday, with its high and low at US$2,423 per tonne and US$2,366.5 per tonne, respectively, before closing at US$2,380 per tonne, an increase of US$2.5 per tonne or 0.1 per cent. On Wednesday, March 29, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$51.5 per tonne or 2.22 per cent and US$51 per tonne or 2.20 per cent to halt at US$2,365.50 per tonne and US$2,366 per tonne. 3-month bid price and 3-month offer price escalated by US$49.5 per tonne or 2.09 per cent and US$49 per tonne or 2.07 per cent to halt at US$2,409.50 per tonne and US$2,410 per tonne. December 24 bid price and December 24 offer price came in at US$2,593 per tonne and US$2,598 per tonne after recording an expansion of US$40 per...
A00 aluminium ingot price has slumped by RMB 10 per tonne, officially closing at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on March 30, Thursday. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at discount prices of RMB 80 per tonne and RMB 40 per tonne. Throughout mid-March, China’s aluminium ingot price has been on a downward slope, resting at RMB 18,550 per tonne on March 3, which is the closest to the price recorded today. The eight provinces in China all have projected declining sentiments today, with the aluminium price falling highest in Tianjin by RMB 40 per tonne, officially closing at RMB 18,550 per tonne. The aluminium prices in Chongqing and Linyi have marked RMB 30 per tonne...
