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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Scotland’s DRS scheme has received intense scrutiny from the Resource Management Association Scotland (RMAS), representing Scotland’s SME resource and waste management enterprises. But the DRS administrator, Circularity Scotland, refuses to succumb to the queries. RMAS estimates that the small waste management firms will endure the blow of this mechanism as, until now, various operators were responsible for waste management in Scotland’s hospitality sector, but after the introduction of this scheme, the businesses will have “ no alternative but to accept Biffa’s services for the collection of all qualifying drinks containers.” An associate from Circularity Scotland asserted that “clearly drinks containers are only one element of the materials that make up household and business waste in...
The 18th edition of Aluminium China, one of the biggest aluminium trade fairs in the world and a leading indicator of the sector will take place in Shanghai in July. The event, dedicated to advancing the sustainable growth of the global aluminium industry, will bring together new goods, technologies, procedures, and applications from all facets of the aluminium value chain to enable the industry to move in that direction. This will open the door for fresh business opportunities and partnerships that will reshape the future of this important industry. Aluminium China 2023 will co-locate with Asia's Lightweight Automotive Trade Fair, Shanghai International Wheel Industry Exhibition, and Shanghai International Automotive Manufacturing Technology & Materials Exhibition at Shanghai New...
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union ministry has already corresponded with the Department of Investment and Public Asset Management (DIPAM) regarding the stake sale roadmap. The latest information floated by the media organisation on a digital platform says, “The mining ministry has now sought further advice from Dipam on the roadmap for the disinvestment of Balco, which has been in the works for some years. Upon finalizing this, the process of appointing transaction advisers and legal advisers may begin for the share sale plan of...
UK-based luxury home aroma brand, Aluxury has announced the launch of its brand-new Nebula Waterless Oil Diffuser sporting a black aluminium finish outside. The addition of aluminium elevates the look of the diffuser and makes it compatible with the modernist interior layouts of the time. The Nebula Waterless Oil Diffuser was advertised as featuring a waterless technology that can mimic the freshness of nature when used jointly with Aluxury's essential oil blends. The device's rechargeable battery allows uninterrupted use for 120 hours and has commendable 80㎡ coverage. The new luxury black aluminium finish accelerates the diffuser's aesthetics, making it compatible with a minimalist lifestyle. Aluxury released the Nebula Waterless Oil Diffuser and developed a few essential oil blends for...
To make it simpler for customers to distinguish between Sprite Original and Sprite Zero Sugar, Coca-Cola announced that it is planning to revamp the packaging of their 330ml aluminium cans , multipack cans, 500ml and 2ltr PET bottles, as well as 330ml glass bottles. Additionally, to receive new packaging, the beverage will also have an enhanced lemon-lime flavour. The brand's forthcoming campaign, which will launch in the year's second quarter, will highlight the updated flavour and style. “The refreshed taste will be accompanied by the roll-out of a new packaging design that brings a clean and stylish edge to the classic Sprite look, with sleek new white and black text that will clearly differentiate Sprite and Sprite Zero Sugar whilst delivering impact on shelf,”said Coca-Cola...
After a yearlong investment spree of US$2 million for the complete retribution of its Mankato aluminium can manufacturing plant, Crown Beverage Packaging is now plotting to add a humungous solar array by 2024 complementing the company’s facility situated mid-way between Riverfront Drive and Third Avenue. Crown Holdings, an internationally acknowledged producer of food and beverage packaging solutions, aims to suffice 75 per cent of its electricity requirement using only renewable energy by the next ten years and completely aloof of fossil fuel by 2040. The plant manager Corey Darula seemed quite optimistic about the addition of this solar array as he cited that the adjoining land to the facility had been a barren unused piece of land for a long period of time, but now if it acts as the...
According to the Bureau of International Recycling (BIR), the most recent banking crisis is weakening market confidence, with UK non-ferrous traders reporting reduced tonnage. The Bureau of International Recycling (BIR) is the only global recycling industry federation representing more than 30,000 companies around the globe, with a direct membership of over 900 companies and 37 national associations from 68 countries. BIR members are world leaders in the supply of raw materials and a key pillar for sustainable economic development. On March 23, 2023, the first federation to support the interests of the recycling industry on an international scale, BIR stated in its report that the emergency bailout of Credit Suisse and other trade and banking shocks "have proven once again that...
Fiido C21 Pro and C22 Pro e-bikes come packed with centrally-mounted displays and gravel tires. The newly launched e-bike also includes a remote unlocking system and uses a step-over frame in contrast to the C21 Pro's step-through construction. A 17.5kg front fork made of aluminium alloy is used on the C21/C22 Pro. On dirt roads, the 700C wheels are capable of moving with ease. A 9-speed derailleur gear with optional auxiliary batteries is also available. The IPS back-lit screens of the Fiido C21/C22 Pro variants are centrally placed with IP67-rated. The two models are the first to go on sale with Fiido Watch compatibility. The wearer can use the Fildo Watch to unlock a linked C21 or C22 Pro. The 250W rear hub motor on the new Fiido e-bikes with the S200 torque sensor allows for top...
Senior Architectural Systems, UK’s one of the most profound private firms manufacturing aluminium fenestration solutions, has recently posted about a new RIBA-approved Continuous Personal Development (CPD) seminar that illustrates the ‘Evolution of Thermally Broken Window Profiles’. The CPD seminar has been designed to educate architects and interior designers about using thermally efficient window systems to achieve the new lower U-value protocols as specified by Part L of the Building Regulations. The seminar revolves around the development of aluminium window systems breaking down the most preliminary designs that contain polyamide thermal barriers and the more recent modules featuring exponential use of polyurethane foam for augmented utility. The seminar also defines a much broader...
On March 27, 2023, Marubeni Corp. reported that aluminium stocks at three major Japanese ports, Yokohama, Nagoya and Osaka, dipped by 2.6 per cent to 382,400 tonnes at the end of February 2023 from 392,500 tonnes from January 2023. Japan's largest trading company, Marubeni Corp., has been functionalised for over 160 years. The Tokyo headquartered Marubeni continues expanding its businesses globally, with a presence in over 65 countries and 130 branches and offices worldwide. The data was collected by the Japanese trading giant Marubeni from the ports of Yokohama, Nagoya, and Osaka. It stood at 382,400 tonnes in February, 392,500 in January, and 294,600 in December 2022. The latest AlCircle industry-focused report, ‘Global Aluminium Industry Outlook 2023’ , unveils that the primary...
A00 aluminium ingot price has levitated by RMB 190 per tonne, officially closing at RMB 18,590 per tonne, as the Shanghai Metals Market recorded on March 28, Tuesday. The average prices are expected to range between RMB 18,570 per tonne and RMB 18,610 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne. The eight provinces in China all have witnessed escalating prices today, with the aluminium price rising the highest in Foshan by RMB 200 per tonne to rest at RMB 18,710 per tonne, followed by a spike of RMB 190 per tonne in Wuxi, Chongqing and Linyi. In Wuxi, the price has stopped at RMB 18,585 per tonne; in Chongqing, it has been pegged at RMB 18,730 per tonne; and in Linyi, the price has halted at RMB 18,640 per tonne. In Hangzhou, the...
LME aluminium opened at US$2,341 per tonne on Monday, with its high and low at US$2,372 per tonne and US$2,323 per tonne, respectively, before closing at US$2,365 per tonne, an increase of US$21 per tonne or 0.9 per cent. On Monday, March 27, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$33 per tonne or 1.45 per cent to halt at US$2,297 per tonne and US$2,298 per tonne. 3-month bid price and 3-month offer price grew by US$28 per tonne or 1.21 per cent and US$27.5 per tonne or 1.18 per cent to peg at US$2,340 per tonne and US$2,340.50 per tonne. December 24 bid price and December 24 offer price gained US$25 per tonne or 0.99 per cent to close at US$2,538 per tonne and US$2,543 per tonne. LME aluminium opening stock settled at 527875 tonnes....
Feadship, the Netherlands-based yacht builder, has released the first illustrations of Bahamas Cruiser, the 36.5 metres long aluminium super yacht with a sophisticated layout, sleek external lines eco-friendly technology, and is made to appeal to both young and elderly, inexperienced and new owners. De Voogt Naval Architects and FM Architettura, the design teams behind the 88.38-meter Feadship superyacht Zen and the 55.2-meter superyacht Somnium, worked together to create her. The yacht's main deck has many windows and 2.4-metre-high ceilings. Her interior is, as a result, light and airy, with an abundance of natural light. Her main deck aft open-air patio, which puts passengers closer to the water, also blurs the line between her indoor and outside areas. While her main stateroom, which...
A global producer of polycarbonate and glass roof glazing systems, Twinfix has unveiled a new product in their company catalogue known as Alu-Link-Panel. This robust aluminium roof system has been specially crafted to mirror a utopian, sophisticated and rigid roofing solution for innumerable applications. Alu-Link-Panel is composed of high-quality aluminium and is extremely durable. The aluminium panels can be ordered previously to add full-scale customisation so that it is compatible with the user’s requirement. The solution is easy to mount, and it curtails manpower and time to a great extent. The aluminium panels are so sleek that they can be used in a wide range of applications like in schools, commercial buildings, hospitals and sports facilities. The Director at Twinfix, Vicky...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot have continued destocking over the weekend ending March 27, 2023. Data shows the inventories have decreased by 18,000 tonnes from Thursday, March 23, to total 1.11 million tonnes but stand 55,000 tonnes higher than the same period last year. High aluminium prices suppressed trades in the second half of last week, while traders were cautious about buying after the delivery of long-term orders, resulting in weekly shipments falling to 150,000 tonnes last week. To know the current status of primary aluminium inventories across China, refer to the chart below: In Nanhai, primary aluminium inventories have slumped by 9,000 tonnes over the weekend, totalling 248,000 tonnes as of March 27 versus 257,000...
Aludecor, India's one of the most competitive players in the Metal Composite Panel business, has formed an alliance with the Indian Institute of Technology Gandhinagar (IITGN) to carry out extensive R&D on the Fire Retardant properties of Aluminium Composite Panels. Gaurav Srivastava, the project head from the Department of Civil Engineering, IIT Gandhinagar, submitted an in-depth research report to Aludecor's Management during an event hosted at the campus just a few days back. The Fire Engineering Research Laboratory (FERL) at IIT Gandhinagar at this moment houses the best-in-class testing facilities to be utilised for research, innovation, product R&D and certification procedures for various products. The state-of-the-art facility hosts prime machinery like; a cone calorimeter (100...
The beverage container return program, launched by the Singapore-based National Environment Agency (NEA), is expected to start on April 1, 2025. With this scheme, the organisation intends to raise Singapore's recycling rate, lower the quantity of garbage disposed of, and lower carbon emissions. The programme will impose a 10-cent refundable deposit on all pre-packaged beverages, aluminium cans and plastic bottles with a capacity of 150 millilitres to 3 litres. This deposit will be repaid entirely when empty beverage containers like aluminium cans or bottles are returned to the appropriate return stations. A deposit mark and barcode will be visible on all beverage containers covered by the programme. While the barcode makes it easier to return containers and acts as an anti-fraud tool, the...
Another UK region, the Eastleigh Borough Council, has been registered with the coffee pod returning drive, Podback. The Eastleigh Council has expanded its weekly recycling drive to include plastic or aluminium coffee pods, which would now be collected with the community's other organic waste. The Podback coffee pod recycling programme is customisable to suit a residence in the borough. To be registered within the non-profit organisation's loop, one has to sign up for the service through Podback's official website . The registered individuals will receive Podback collection bags for the safe transportation of waste products along with the community food waste bins. Flat-dwellers can also register for the recycling drive, as Podback collection bags are available for every type of customer....
