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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As part of the United States administration's effort to exempt aluminium and steel exports from the carbon border levy (CBAM), a broader metal accord may be complicated by the allies imposing tariffs and retaliatory measures on each other's goods that could result in billions of dollars in tariffs and retaliatory measures. However, according to our source from North America, it's implausible that the EU will accord to the American request since the bloc's legislation has yet to permit this type of provision readily. Such a move would likely violate World Trade Organization (WTO) rules. After agreeing to temporarily suspend tariffs imposed by former President Donald Trump on national security grounds, the White House and the EU are working on a global agreement on sustainable aluminium and...
To assist the communities where it works, Rio Tinto upped its budget for spending on Australian suppliers to more than A$15.3 billion in 2022. Over 6,200 firms, comprising Australian-owned and run companies and locally owned and controlled offices of foreign corporations, shared an increase in the budget of over 9 per cent from the previous year. According to customs statistics, China imported 374,321 tonnes of unwrought aluminium and goods in the first two months of 2023 compared to 336,007 tonnes in the same time last year. These items included raw metal and unwrought, alloyed aluminium. According to the International Aluminium Institute, Africa's primary aluminium output in February 2023 was 130,000 tonnes, a decrease of 13,000 tonnes or 9.09 per cent month-over-month. Rio Tinto...
Hindalco Industries Limited has elevated its aluminium ingot and aluminium products prices on Friday, March 24, following a cut about a week earlier. With effect from March 24, the company has increased its aluminium ingot price by INR 2,000 per tonne to INR 214,750 per tonne. Last Saturday, March 18, the ingot price stood at INR 212,750, down by INR 1,250 per tonne from 214,000 per tonne on March 16. On March 24, Hindalco’s aluminium wire rod price has also experienced an increase of INR 2,000 per tonne, following a cut of INR 1,250 per tonne last week, which brought the price to INR 223,850 as of March 18. With the hike this week, the company’s wire rod price stands at INR 225,850 per tonne. Hindalco’s aluminium billets price is no exception but seen a rise of INR 2,000 per tonne to...
A Trash4Cash kiosk has been installed at Padang Lintau in Manjoi, located in the Malaysian city of Ipoh, so that locals can receive rewards for the recyclable waste they turn in. Some accepted items are plastic containers, paper, cardboard boxes, electronic scrap, used cooking oil and aluminium cans. The people interested in the recycling drive need to download and register on the Trash4Cash mobile app so that the customers can redeem the reward points accumulating in the profiles. Moreover, they can write their names and phone number on a tag provided at the kiosk that can be stamped on the recyclables. The kiosk will offer payments in alignment with the market rate. Used cooking oil will fetch a person RM 2.50 per kg; plastic containers are valued at 40sen per kg, old newspapers are...
Aluminium Stewardship Initiative (ASI) announced the joining of Hindalco Industries Limited-Kuppam Works as its new Production and Transformation member. An integrated facility with aluminium extrusion presses, anodising, powder coating, and fabrication facility, Hindalco Industries Limited Kuppam Works is a one-stop production solution for extrusion profiles for the B&C, industrial, automotive, and solar segments. The Kuppam factory, around 120 kilometres from Bengaluru, provides specialised aluminium extrusion goods and services for the automotive, building & construction, and industrial markets. It would increase Hindalco's presence in South India, the country's second-largest extrusions market. "ASI Certification will strengthen the sustainability initiative of Hindalco Industries...
Ardagh Metal Packaging (AMP), the international supplier of sustainable and recyclable aluminium and glass packaging solutions for brand owners worldwide, will make a social effort to improve the working conditions and income of about 30 collectors in the city of Alagoinhas. The initiative will be carried out on March 25 at the Cooperative of Collectors and Recyclers of Alagoinhas through a partnership with the NGO Pimp My Carroça, founded by artist Mundano. "This pioneering project is part of our goal of contributing to the social and economic impact of recycling, valuing the work of cooperatives and their collectors. With this, we seek to promote empowerment and well-being to the local community, with the reaffirmation of the commitment to sustainability in all regions where we...
Vedanta Aluminium, in adherence with the 6th UN Sustainable Development Goal of 'Clean Water and Sanitation', has skilfully recycled 12.5 billion litres of water in February alone. Honouring World Water Day, the company has also found the momentum of constructing a new Sewage Treatment Plant (STP) with 440-kilo litres per day (KLD) capacity at the Jharsuguda aluminium smelter. Once optimised the upcycled water from the facility will be reused in operations within the plant, cutting down the fresh water intake by 15 crore litres annually. This reinserts the organisation's commitment to be Net Water Positive within the upcoming ten years. Vedanta has proposed to utilise high-end technology and show extreme perseverance in leaving behind a sustainable water footprint. During the week before...
The Chicago Mercantile Exchange (CME) Group reported enthusiastic market participation in its aluminium futures contract at the beginning of 2023, with a record average daily volume of 3,161 contracts in February - 300 per cent more than the previous year. CME said that in the first two months of 2023, it recorded an average daily open interest of 2,549 contracts, up 711 per cent Y-o-Y in futures activity. Jin Chang, managing director and global head of metals with CME Group, said: “We are pleased to see that strong momentum in our aluminum markets has continued into 2023, and we look forward to helping more participants across the base metals supply chain manage their risk effectively.” “In addition to strong volume and open interest growth, we also saw a record 166 unique users in...
Lorin Industries Inc., the world leader in aluminium coil anodizing, announced that its president Park Kersman had been elected as a board member of the Aluminum Anodizers Council. Park Kersman brings with him a vast experience in aluminium anodizing; hence, he is expected to provide insights and guidance to support the other member companies of the council that produce anodized aluminium or use the material. The Aluminum Anodizers Council is the international trade association of firms engaged in aluminum anodizing. It promotes and advocates aluminium anodizing industry through educational programmes, technical bulletins, and networking that include the annual International Anodizing Conference and Exposition. In addition, the association’s website hosts educational materials on...
LME aluminium opened at US$2,291 per tonne on Thursday, with its high and low at US$2,345.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,326.5 per tonne, an increase of US$41.5 per tonne or 1.82 per cent. On Thursday, March 23, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$32.5 per tonne or 1.45 per cent and US$33 per tonne or 1.47 per cent to stand at US$2,264 per cent and US$2,265 per tonne. 3-month bid price and 3-month offer price increased by US$30.5 per tonne or 1.33 per cent and US$31 per tonne or 1.35 per cent to score at US$2,312.50 per tonne and US$2,313.50 per tonne. December 24 bid price and December 24 offer price ascended by US$23 per tonne to halt at US$2,520 per tonne and US$2,525 per tonne. LME...
A00 aluminium ingot price has augmented by RMB 170 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 24, Friday. The average prices are expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne, with spot contracts trading at discount prices of RMB 80 per tonne and RMB 40 per tonne. The SMM aluminium price has seen a sudden surge today, as was witnessed on March 15 when the price also stood at RMB 18,320 per tonne. The highest price boost was on March 7, with the price stuck at RMB 18,570 per tonne. The eight provinces in China all have experienced heightening prices today, with aluminium prices growing the most in Shenyang by RMB 200 per tonne to stop at RMB 18,370 per tonne. In Tianjin, the aluminium price has shot up by...
Pitú, a Brazilian firm with 85 years of experience in the cachaça industry, debuted its Ice Remix ready to drink (RTD) beverage brand at a Carnival in 269ml aluminium cans with flavours of lemon and pineapple with coconut. Dubbed Pitú Remix, the recently launched RTD has a reduced 7 per cent alcohol concentration and is marketed by cachaçarias and distributed all around Brazil. "Ready-to-drink" beverages or those that can be purchased already mixed with other ingredients, are a popular trend across the globe and have gained popularity among younger generations in particular because they fit in with how Gen Z and millennials typically behave. "The ices arrive to bring us even closer to the young public, who are looking for lighter drinks. They are canned drinks, super refreshing, which...
Aluminium Stewardship Initiative (ASI) announced the joining of MinTa Aluminum as its new Production and Transformation member. Established in Tainan, Taiwan, in 1961, MinTa Aluminum has continuously invested in metal processing for over 50 years. MinTa can provide holds a comprehensive solution for delivering aluminium profiles. MinTa began the manufacture of aluminium to better serve its consumers. The company successfully integrated its aluminium profile processes over the past ten years, investing a total of 30 million US dollars in processes like aluminium billet casting, die casting with in-house tool design, aluminium extrusion, CNC milling for cutting, bending, and punching, surface anodizing, hydroforming, etc. “MinTa Aluminum is committed to meeting the high standards of the...
Heineken® Silver, a new lower-carb and lower-calorie offering from the Dutch multinational brewing company, has been launched in the U.S. market in 12-oz slim aluminium cans and 24-oz aluminium cans. It takes centre stage as a premium new alternative in the light lager category, which accounts for roughly half of the U.S. beer market by volume. The much-talked-about beer will be launched nationwide this spring. It will be offered at all retail outlets nationwide, both on-premise and off-premise, where other Heineken products are marketed. "Enjoying a crisp and refreshing lager sometimes comes at the expense of taste and quality, but beer lovers can say goodbye to compromise with the introduction of Heineken Silver. It's crafted to meet the needs of a new generation of experience seekers...
Axess Technologies, a wholly-owned subsidiary of Axess Group that provides engineering and material handling solutions to leading manufacturers, has won a contract to supply four service cranes to Hydro's Sunndal aluminium smelter in Norway. Axess Technologies is a leading supplier of lifting equipment and automation systems to various industrial companies. However, the supply of cranes to Hydro would increase efficiency and safety in the production process. The company has detailed that each crane has a 23-meter span, a 10-meter height of lift, a 20-tonne capacity, and an additional 5-ton auxiliary hoist. However, to lift 40 tonnes, the four cranes will work in pairs. The cranes are classified as having an M6/A6 duty grade. Hydro Sunndal stated that it is "convinced" that the new cranes...
According to the US Census Bureau survey, the United States' primary aluminium output started the year 2023 with a monthly restraint. Data shows the country's monthly aluminium production continued to stand at 64,000 tonnes in January, but the average daily output slightly dipped from 2,060 tonnes in December to 2,050 tonnes. On a year-on-year calculation, the United States' primary aluminium output in January 2023 recorded a downfall of 18,000 tonnes or 21.95 per cent from 82,000 tonnes. Daily average production slipped by 600 tonnes or 21.95 per cent over the year from 2,650 tonnes. Total aluminium recovered from scrap in the United States during January 2023 was 278,000 tonnes versus 266,000 tonnes in December 2022. Of the total recovery in January 2023, 162,000 tonnes of aluminium was...
Spirit AeroSystems and Astraius have signed a Memorandum of Understanding (MoU) to support the Prestwick Spaceport, created through an alliance between Glasgow Prestwick Airport and South Ayrshire Council. Spirit produces aerostructures for aircraft with advanced knowledge in composite and aluminium components manufacturing. Prestwick Spaceport helps ferry small satellites into orbit by executing a horizontal launch or “air launch”. Prestwick had previously, in September 2021, anointed Astraius as a launch enabler who assured providing high-end technologies for pristine launch conditions. Prestwick usually optimises an aircraft flying over the Atlantic Ocean. Astraius’ horizontal launch system utilises a C-17 transport aircraft with an embedded delivery platform that chokes its dependency...
Tesla is yet to receive another 9-ton (8.2 metric tonnes) press at its Giga factory in Austin, Texas. The press would help the automobile giant in formulating patented aluminium car components. This new press can be regarded as the largest among its contemporaries worldwide. This is the second press that is being delivered to Tesla after it acquired the first model in January 2023. These two presses are bigger than Tesla’s existing presses in Shanghai and Berlin, so they will be applied in the production of Tesla’s Cybertruck. IDRA Group, the creators of the specialised press, has posted relevant videos on the internet to illustrate the company’s enigmatic process and capacity. Sources provided proof of delivery by posting images of the lading bill, commenting: “Today, we can confirm that...
