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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SMX has filed a patent with the United States Patent and Trademark Office (USPTO) for a ground-breaking application to raise awareness of and account for some of the most significant industrial consumers of aluminium alloy goods and materials. SMX has created a platform that can trace aluminium throughout its lifespan using molecular-level tagging and blockchain technology. This innovative strategy has the potential to revolutionise industrial transparency and support more environmentally friendly practices in the aluminium industry, enabling the aerospace and automotive industries. First, a patented marking system that allows complete lifetime identification of origin, grade composition, and specification restrictions may be established during the melting step. Second, the SMX marking...
Vedanta Limited continued to reduce its aluminium products prices on Saturday, March 18, bringing its aluminium wire rod price to the range between INR 221,000-228,500 per tonne, down by INR 1,500 per tonne from the previous day. On Thursday, March 16, Vedanta’s aluminium wire rod price stood at INR 222,500-230,000 per tonne, down by INR 2,000 per tonne from INR 224,500-232,000 per tonne on March 15. Vedanta’s aluminium billet price came in at INR 222500 per tonne as of March 18, also down by INR 1,500 per tonne from INR 224,000 per tonne. On March 16, the price saw a slash of INR 2,000 per tonne from INR 226,000 per tonne on March 15 . Aluminium ingot price was no exception but saw a cut of INR 1,500 per tonne on March 18 to INR 213500-244,000 per tonne, following by a downfall of INR...
Rollplast, a Bulgaria-based PVC and aluminium doors and windows maker, has inaugurated a new office compound and expanded its production unit at Kostinbrod, near Sofia, with a wholesome investment of 30 million levs or US$16.4 million. As the Economy Ministry cited in a Press Release recently, the manufacturer of aluminium shutters has envisioned solidifying a commercial network in Croatia as it aims to foster almost 50 per cent share of exports in this sector. With its current round of investments, Rollplast has generated almost 30 new job positions and employed over 500 working professionals. The application of the latest automatic methods has augmented the usual output volume of Rollplast, as the company’s managing director Svetlin Nikolchev pointed out. Until now, Rollplast has...
Portronics is eager to expand its accessories portfolio by adding a new laptop stand, the ‘My Buddy K6- Portable Laptop Stand’ forged in lightweight aluminium alloy. This new edition highlights Portronics as an electronics device producer and a creator of auxiliary items. The K6 Laptop Stand has an extremely user-friendly shape and a 360° Degree pivot joint at its base, which helps in a complete rotation. The robust metal construction of the stand is pivotal for use in corporate offices or while working remotely at home. The aluminium alloy construct of the laptop stand is primarily to keep the base of the laptop cool; moreover, the top table has ample air vents in its bottom so that the machine doesn’t heat up. The aluminium stand also helps in proper applications since the height can be...
Federal Metal Co., Bedford, USA, has announced an investment of around $17.8 million in building and equipping a facility in North Little Rock, Arkansas, to melt post-consumer aluminium-copper radiators to create recycled-content metal products. According to Peter Nagusky, Federal Metal’s president and CEO, exporting scrap radiators to other countries is a waste. Instead, domestic semi-finished copper and aluminium producers must increase the use of scrap than primary metal to enhance the recycled content of products. It is economically advantageous and also environmentally sustainable. “Major investments in new mill, foundry and refining capacity are underway in the United States for the first time in generations, and it’s important the scrap industry here keeps pace to assure the...
On March 20, Soocas declared the introduction of its latest Airfly P1 High-Speed Hair Dryer, specially crafted by Studio F.A. Porsche . The hair dryer features a robust supercar-grade aluminium alloy body. The Soocas Airfly P1 High-Speed Hair Dryer is one-third the actual volume of a conventional moderate-speed hair dryer, but it can dry the hair in just 5 minutes. The compact design of this lifestyle device makes it compatible with the prevailing modular way of life. The hair dryer is directly inspired by Porsche’s anodised wheels for superlative speed and elevated performance. The supercar-grade aluminium alloy body is sturdy enough and is totally scratch resistant. The Soocas Airfly P1 measures approximately 2.24x4.56x9.34 inches and is much smaller than a usual hair dryer device. The...
In partnership with Brisbane’s wholesaler and distributor Achievers Energy Group, China-based DAS Solar has launched its patented bifacial solar panel toned in black for application on residential rooftops. The collaboration wishes to try its luck out in the Australian renewable energy sector, which it deems to be “a hotbed for PV market expansion.” The solar panels come encapsulated in a frame forged with anodised aluminium alloy, and the juncture box it holds is IP 68 rated. Both sides of the modules are secured with 1.6mm glass, having an operating temperature of between -40 C, and 85 C and a temperature coefficient is -0.3 % per degree Celsius. The use of aluminium is extremely environment-friendly as it can be recycled an infinite number of times without losing its original...
According to the data released by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), Iran's alumina powder output during the first eleven months of the current Iranian calendar (March 21, 2022-February 19, 2023) totalled 206,887 tonnes. That reflected a 2 per cent drop from 211,499 tonnes during the same period of the previous year. Alumina is an important raw material for industrial applications, including construction materials, filling materials, abrasives, and catalysts. In plants and mechanical engineering, alumina ceramics are used for wear and corrosion protection. Due to these vital alumina applications, the material plays a prime role in the Iranian economy. Hence, the country has implemented several policies as part of its continuous...
Rimowa, the high-quality luggage manufacturer, joined hands with the German music and equipment producer (GEWA) to create a special edition violin case. The inside of the violin case is made out of hand-finished microfibre and the GEWA neck pad system. Regarding the outside, it has the recognisable aluminium design from Rimowa , which has two TSA-approved locks and a shoulder strap. As Rimowa worked on the outside of the violin case, GEWA helped with the project by building the violin case inside. The inside comprises a hand-finished microfibre and the GEWA neck pad system. The violin case's silver construction blends very well with many of Rimowa's other offerings. It includes a cover to protect the violin, a pocket for bows and other accessories, and a microfiber lining that won't harm...
NICE Rapid has recently introduced the most advanced professional compression moulding and aluminium extrusion services for the manufacturing industries. The technique has been identified as a proven method for cutting costs and increasing production rates. As rubber is typically used as the primary raw material for making parts and components, many sectors, including architectural, automotive, aerospace, electronics, and energy, can find NICE Rapid compression moulding services cheap and inexpensive. NICE Rapid employed only raw materials that complied with FDA, REACH, and ROSH regulations, highlighting their strict practices and ISO-9001 worldwide quality system accreditation. NICE Rapid offers robust mould-making capabilities with technologically advanced rubber vulcanizing equipment,...
According to China customs data, China’s total aluminium imports in January and February grew by 11.3 per cent year-on-year, given the anticipated demand improvement once the country reopens. Customs data showed China imported 374,321 tonnes of unwrought aluminium and products, including primary metal and unwrought, alloyed aluminium, in the first two months of 2023, compared to 336,007 tonnes during the same period last year. In late 2022, China withdrew its strict COVID-19 restrictions, which led to economic recovery and improved demand for industrial metals. Consequently, manufacturing activity also ramped up at the highest rate in more than a decade in February 2023. In the first two months of 2023, China’s domestic primary aluminium output recorded an increase of 7.5 per cent...
A00 aluminium ingot price has heightened by RMB 90 per tonne, officially closing at RMB 18,240 per tonne, as the Shanghai Metals Market recorded on March 20. The average prices are expected to range between RMB 18,220 per tonne and RMB 18,260 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 more or less witnessed escalating prices, with the aluminium price increasing the highest in Foshan by RMB 110 per tonne, officially settling at RMB 18,410 per tonne. In Gongyi, the aluminium price has gone up the graph by RMB 80 per tonne to halt at RMB 18,200 per tonne. The price of aluminium in Chongqing and Linyi both have levitated by RMB 70 per tonne, officially closing at RMB 18,400 per tonne and RMB 18,290...
LME aluminium opened at US$2,280.5 per tonne last Friday, with its high and low at US$2,314 per tonne and US$2,262 per tonne, respectively, before closing at US$2,278 per tonne, a drop of US$2 per tonne or 0.09 per cent. On Friday, March 17, LME aluminium cash bid price and LME aluminium official settlement price moved down by US$7 per tonne or 0.31 per cent and US$5.5 per tonne or 0.24 per cent to halt at US$2,230 per tonne and US$2,232 per tonne. 3-month bid price and 3-month offer price decreased by US$7 per tonne or 0.30 per cent to peg at US$2,279 per tonne and US$2,280 per tonne. December 24 bid price and December 24 offer price slipped by US$10 per tonne or 0.39 per cent to score at US$2,498 per tonne and US$2,503 per tonne. LME aluminium opening stock came in at 552350 tonnes....
The Paris Agreement is a landmark in the multilateral climate change process because, for the first time, a binding agreement brings all nations together to combat climate change and adapt to its effects, as stated by UNFCCC. The main objective of the Paris Agreement is to enhance the international response to the threat posed by climate change by limiting the rise in global temperature this century to well below 2 degrees Celsius and pursuing measures to further restrict the temperature increase to 1.5 degrees Celsius. The aluminium industry is among the most high-energy intensives in the global manufacturing sector. China is the world's leading aluminium producer, contributing to around 55-60 per cent of the worldwide output. The world's second-largest economy is also taking strict...
The Newfoundland and Labrador government helped a regional social enterprise in the recycling and environmental sectors develop a process for composting and recycling liquid waste. Ever Green Environmental is increasingly managing aluminium beer cans thrown away or not intended for open market sale. Novelis is set to be profiled in John Holden's Emmy Award-winning series EARTH, which airs on Fox Business Network. The Missoula-based AniMeals No-kill Adoption Center and Animal Food Bank is renowned for giving animals the shelter and other support they require. Recycling Works has taken over the organization's long-running aluminium recycling operation. The citizens of Sibu (a city in Malaysia) were encouraged to sell their recyclable old items during the 3R Recycling Programme held in Swan...
Rio Tinto increased its expenditure budget on Australian suppliers to more than A$15.3 billion in 2022 to support communities where it operates. Rio raised its budget by almost 9 per cent than the previous year and equally distributed among more than 6,200 businesses, including Australian-owned and operated businesses and locally owned and managed branches of overseas companies. This kind gesture supported tens of thousands of Australian jobs and contributed to the community growth across the country. Of the total amount spent, more than A$565 million was spent with indigenous businesses across Australia, up by 40 per cent from the earlier year. Kellie Parker, Rio Tinto Chief Executive, Australia, said: “Supporting local businesses in the communities where we operate is a key priority for...
The end-user aluminium sector saw plenty of constructive steps this week, with Ball Corporation making headlines by appointing Daniel W. Fisher as the new chairman of the board and releasing the 2022 Combined Report citing the company’s Climate Transition Plan. Ball also reported the closing of its Wallkill Plant in New York. In the packaging industry, there were stories about Open Water becoming the first aluminium canned water to be circulated at the Oscars 2023. Major brands are shifting toward the use of aluminium for its 100% recyclability, and that does not leave the make-up and luxury firms. Recently, Benefit Cosmetics launched its flagship POREfessional pore concealing range in sustainable aluminium packaging. On the other hand, we came across the piece about Coca-Cola launching...
According to the Shanghai Metals Market, China's primary aluminium inventories massively fell by 56,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. This can be considered a major fall after two months of successive inventory accumulation. On Thursday, March 16, the inventories came in at 1,211,000 tonnes, which in comparison with the second Monday of this month, March 13, hugely plummeted by 35,000 tonnes. The social aluminium inventories built up 121,000 tonnes Y-o-Y but have continuously fallen in the past two weeks. The inventory loss was spearheaded by Foshan, where augmented consumption and dropping prices instigated downstream purchase interests. Output cuts in Yunnan in late February also slashed supply in Foshan. Inventory stocks in Wuxi...
