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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The State Property Fund of Ukraine (SPF) plans to take control of the assets of Russian businesses, as stated by Rustem Umerov, the head of SPF. Umerov said, "Legally, the Mykolaiv alumina refinery has yet to reach the management of the State Property Fund. We plan to put it up for auction quickly as soon as we get it under control." The State Property Fund of Ukraine is a central body of executive power with special status administrated by the Cabinet of Ukraine. "It is feasible to begin the privatization of the alumina refinery in the second or third quarter of this year. Site preparation for privatization typically takes 60–90 days", Umerov added. "If the state gives us other Russian assets confiscated by the court ruling, we will put them up for privatization. We are moving as quickly...
Original Unique Individuel (O.U.i), the luxury Brazilian fragrance brand, offers refills for their eaux de parfum in recyclable aluminium bottles. The decision to shift to aluminium was taken to reduce the weight of the packaging being transported. One of the seven brands held by Grupo Boticário, a Brazilian cosmetics company that sells its goods in 16 different nations, is O.U.i. According to the firm, the development of the French perfume brand put sustainability and health first. Products from O.U.i. are 100 per cent vegan and cruelty-free, which means they don't have any components from animals and haven't undergone any kind of animal testing. "Different packages were prospected, but through a survey of consumers, we understood that the aluminum package would be the most appropriate,...
The surge in global aluminium output coincided with growing concerns that an economic slowdown would reduce demand for the metal. Europe's industrial economy suffered greatly due to the geopolitical-induced energy crisis. Fears of a recession were raised in the US due to inflation and rising interest rates. Furthermore, currency fluctuations have dented aluminium prices. The aggressive escalation of interest rates by the Federal Reserve to fight inflation has increased the US dollar’s worth relative to other currencies. An increase in the dollar's value impacted the price of aluminium for holders of other currencies because metals are labelled in US dollars on international markets. The challenging economic circumstances from 2022 have persisted into 2023, giving aluminium a gloomy...
French composite aluminium façade supplier C2F has reportedly unveiled a new PV façade at the recent BePositive trade show in Lyon, France. The product is called Ultracade, of which metallic aluminium cladding can fit into any new or existing buildings and reduce the impact of hold and cold in weather, improving the energy coefficient by approximately 30 per cent. The new solution can be integrated with the solar panels of any manufacturer, up to 1.98 metres in length. “In the end, as our solution is entirely modular, the only limit is the imagination,” C2F CEO Jean-Charles Battut told pv magazine France. “We are in the process of completing the installation of our first project, on the facade of a company active in the rental of construction equipment in Clermont-Ferrand,” said Battut....
WaveTech GmbH and Niche Fusina, Rolled Products S.r.l., have signed a partnership deal to assess the utility of the former's Crystal Control Technology (CCT) on their operational electric forklift trucks in order to decrease day-to-day cost and capital expenses. This step would nullify the carbon emissions coming out of the lead-acid battery-powered systems. WaveTech is a counterpart of WaveTech Group, Inc., and Niche Fusina Rolled Products S.r.l. is a subsidiary of Dada Holdings . This agreement marks a new beginning for WaveTech because, with this particular move, the company has successfully entered the operational department within the power-intensive aluminium industry, where logistical issues are a great concern. WaveTech wishes to embed its Crystal Control Technology (CCT) into...
Korean construction materials provider LX Hausys declared an active partnership with Reynaers Aluminium. The former would help the latter amplify its pace in penetrating the domestic aluminium window market. Reynaers Aluminium hailing from Belgium, is a state-of-the-art manufacturer of aluminium solutions. The Memorandum of Understanding (MoU) was signed at LX Hausys' headquarters in Seoul on March 29, Wednesday. LX Hausys has confirmed that both parties will share their operational expertise for process development and exceptional manufacturing abilities to produce high-end aluminium window modules. LX Hausys has announced the release of jointly perceived window designs near the year's second financial half. Reynaers Aluminium will partner to include highly insulated aluminium windows...
Burlap & Barrel, in collaboration with Occo Spices, have developed a compact and creative travel-friendly sample kit called the Spice Passport, consisting of different spices from all over the world in a convenient, portable booklet-style box for home chefs on the move. The spice samples are wrapped in recyclable aluminium pods and fitted into the card according to their place of origin and are then cleverly arranged to match that map. When the Spice Passport is opened, a whimsically designed world map and spice samples in recyclable aluminium pods can be seen. The aluminium pods allow for a shelf life far longer than the three to six months of typically packaged spices when used with equipment specially made for Occo. “We created the Spice Passport as a travel sampler kit, so you never...
According to the International Aluminium Institute survey, the world alumina production recorded 10.232 million tonnes in February 2023, reflecting a decrease of 10.40 per cent month-on-month and representing the second month of downfall this year. In January 2023, the alumina output was 11.420 million tonnes, down by 2.36 per cent from 11.696 million tonnes a month earlier. Thus, it is to be noted that the decline rate in global alumina production intensified during February’23. On a year-on-year calculation, the world alumina production in February 2023 stood almost restrained compared to 10.262 million tonnes. The world average daily production of alumina during February 2023 was 365,400 tonnes – 0.81 per cent or 3000 tonnes less than 368,400 tonnes in January 2023, and 0.30 per cent...
The possibility that the United States and its allies would impose economic penalties against Russia's aluminium in response to the ongoing geopolitical issue with Ukraine was one of the biggest unpredictability in the global aluminium sector while driving into 2023. The Russian aluminium industry is vital to the country's defence industrial base. The United States and its allies imposed several economic sanctions on Russia following the geopolitical crisis that started a year back, but none eyed the aluminium sector. It's crucial to recall the incident of 2018 when the White House imposed sanctions on the Russian aluminium giant, Rusal, in response to Russian aggression, including meddling in United States elections. As an outcome, the US froze most of the company's exports, stunned the...
The CEO of AG Barr PLC, Roger White, has assessed that Scotland’s DRS is a “burden” that will drain “multiple millions” from the company but has no other way out than following the law. Mr White talked about his company that produces one of the UK’s most famous beverages, the Irn-Bru and the soft drink Rubicon. He seemed distressed that under this deposit return scheme, the company has to spend a fortune on packaging and distribution techniques against their will. Starting from August, each beverage container either plastic or aluminium would be sold at an increased rate of 20p, which would be refundable once the bottles are returned to the designated retail outlets. Many renowned beverage brands have already spent exponential amounts to prepare for Scotland’s DRS. AG Barr had recently...
The growing focus on a carbon-neutral world and the implementation of a circular economy has changed the course of the aluminium industry, driving manufacturers to adopt sustainable methodology in the production process. This new transformation has touched upon the entire value chain – from bauxite and alumina to aluminium end-use product manufacture. It is no hidden fact that sustainability is now the primary commitment and goal to achieve, whether for aluminium raw material producers/suppliers, aluminium product manufacturers/suppliers or aluminium consumers. AlCircle’s latest industry-focused report, ‘ Aluminium Industry Outlook 2023 ’, rightly noted that decarbonizing aluminium on the supply side will be the industry’s topmost priority in the years to come. This is expected to...
With a highly user-friendly shape, the Pad 360° aluminium foldable stand from Adam Elements ensures the best stability, comfort, and usability. The lightweight aluminium construction allows free angle & height adjustment for an unobstructed view. The anti-slip silicone pad helps keep the devices in place and prevents them from slipping. The 0-360° all-round joint allows free angle & height adjustment for an unobstructed view. The aluminium stand also features a multi-hole heat dissipation design, which provides better heat dissipation for the devices. With budget-friendly pricing, the aluminium stand can be readily available from retail stores or online portals. The Pad 360° is suitable for almost all the iPad series and is compact enough to carry in a backpack. The primary purpose of...
China, the world's largest aluminium producer, is again in a precarious position. In this instance, the primary cause is a problem with the nation's power supply in the southwest. Due to a severe water constraint, the Yunnan province , the centre of southern China's aluminium manufacturing industry, is restricting metal production. The availability of hydroelectric power in the region has also been affected by this deficit. However, industry analysts will determine how this will affect the price of aluminium worldwide. The region's hydroelectric energy-producing capability has considerably decreased, as our sources from China reported. As a result, the province authorities last month delivered a warning to Yunnan aluminium smelters, instructing the businesses to cut their power usage,...
Internationally acclaimed brand based in the United Kingdom, The Body Shop has expanded its sustainable refill drive to incorporate a brand-new flagship product, the Peptalk Lipstick. The Body Shop’s Peptalk Lipstick comes enclosed in a refillable case made of 100% recyclable aluminium. Before introducing the Peptalk Lipstick, the brand served its customers with refillable packaging solutions only across their shower gel, hair care or hand soap ranges. But with this new 100% recyclable aluminium packaging, customers can refill their Peptalk cases at the brand’s outlets. As early as 2021, The Body Shop began charting a five-year growth plan to erect refill stations in a maximum of its outlets. The Body Shop stores in the US and Canada have taken this initiative very seriously. Currently,...
China’s A00 aluminium ingot price has shown no change to close at RMB 18,590 per tonne, with the average prices between RMB 18,570 per tonne and RMB 18,610 per tonne. The spot contract is expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. As per the data, the A00 aluminium ingot prices in Gongyi and Hangzhou have decreased by RMB 20 per tonne to peg at RMB 18,470 per tonne and RMB 18,590 per tonne. In Tianjin, the prices have grown by RMB 20 per tonne to close at RMB 18,590 per tonne. The prices have not changed in the other provinces like Foshan, Wuxi, Chongqing, Shenyang and Linyi. Like in Foshan, the price has remained at RMB 18,710 per tonne, the same as yesterday. In Wuxi, the price remained restrained at RMB 18,585 per tonne; in Chongqing, it closed at RMB...
Coca-Cola and AG Barr were among some of the top beverage brands that had instigated the new First Minister to launch Scotland’s deposit return scheme (DRS). Discussions about Scotland’s DRS have been going on since 2019. On March 27, it was declared that Humza Yousaf would replace Nicola Sturgeon as the First Minister of Scotland and instantly embark on a mission to perfectly accommodate the allegedly perilous deposit return scheme . Scotland had previously estimated that the DRS would be applicable by August, but since its inception, the scheme has been under vigorous scrutiny by a third party. The UK government has vocally opposed this deposit return scheme, claiming it would be disastrous for the economy. To voice their concerns, the British Soft Drinks Association (BSDA) members,...
According to China Customs data, China exported 321,300 tonnes of the prebaked anode during January-February 2023. That reflected a year-on-year increase of 1.22 per cent. In January, China exported 189,900 tonnes, which decreased by 30.81 per cent to 131,400 tonnes the following month. Shandong ranked the highest among the Chinese provinces that exported prebaked anode in January and February, supplying 248,000 tonnes in two months. That accounted for 77 per cent of China’s total prebaked anode exports, and grew by 5.89 per cent year-on-year. Coming to the top destinations of China’s exports in the first two months of 2023, Malaysia, Russia and Canada were the top three. Exports to Malaysia were about 97,500 tonnes, accounting for 30 per cent of China’s total exports and up by 32.6 per...
LME aluminium prices finished the day at US$2,382.5 per tonne, a gain of US$17.5 per tonne or 0.74 per cent. On March 28, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price soared by US$17 per tonne or 0.74 per cent to close at US$2,314 per tonne and US$2,315 per tonne. The LME aluminium price is on an upward trend after a very long time in March. On March 2, the LME aluminium price recorded the highest bid at US$2,366.50 per tonne, while on March 7 the price came closest to what it was yesterday, pegging at US$2,312.50 per tonne. The 3-month bid price escalated by US$20 per tonne or 0.85 per cent, stopping at US$2,360 per tonne and the 3-month offer price went up by US$20.50 per tonne or 0.87 per cent halting at US$2,361 per tonne. December 24 bid...
