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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A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet is normally suitable for alloyed aluminium. As per the data, on March 16, the aluminium billet inventories surged by 6,000 tonnes W-o-W to score at 169,400 tonnes. The figure below provides further information on the current state of aluminium billet inventories in China: As per the data, the inventories in Foshan and Wuxi had hiked by 6,700 tonnes and 2,200 tonnes to halt at 90,500 tonnes and 42,200 tonnes. On the same day, the inventory in Changzhou ascended by 100 tonnes to reside at 3,000 tonnes. Only in Huzhou the inventory plunged by 3,000 tonnes to stop at 30,000. On the other...
Every Can Counts has installed a vibrant rainbow made of used aluminium cans in front of the York Art Gallery in England. This move was to commemorate Global Recycling Day on March 18 alongside advocating the smooth recycling of aluminium cans to induce a circular economy. This awareness drive by Every Can Counts is one of its kind, and it solidifies the non-profit organisation's commitment to a green economy. The aluminium can construct of the rainbow will be displayed until Friday, March 24. It consists of 2,500 aluminium cans which have been given different hues to There is a fun proportion to this entire scenario as Every Can has arranged for a social media photo contest wherein participants may upload their photos with the rainbow in the background and bag a chance to win a £100 York...
National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices for the third time in a row since the February end. With effect from Saturday, March 18, the company has cut its aluminium ingot price by INR 3,800 per tonne or 1.73 per cent to INR 215,850-219,350 per tonne versus INR 219,650-223,150 per tonne on March 10. NALCO’s aluminium wire rod price has also been reduced by INR 3,800 per tonne on March 18 to sell the product at INR 220,350-224,700 per tonne compared to INR 224,150-228,500 per tonne on March 10 . Aluminium billets price is no exception but also seen a cut of the same amount to come in at INR 220,300-222,950 per tonne as against INR 224,100-226,750 per tonne NALCO links its aluminium ingot and aluminium products prices to the...
One of the leading aluminium industry firms in Sri Lanka, Alumex PLC, has proclaimed the commencement of its flagship loyalty promotion, "Divikavuluwa". The region's leading producer of aluminium extrusions is keen to launch community-based initiatives to strengthen the nation's aluminium fabricators' long-term prospects. The Indian Institute of Metals selected Mr Satish Pai, the managing director of Hindalco Industries, as its president (IIM). IIM is a suitable organisation for India's professional metallurgists. The third quarter of 2022 saw the sale of 892 shares of Kaiser Aluminum Co. by Nuveen Asset Management LLC, a provider of financial advice services, according to the company's most recent Form 13F filing with the Securities & Exchange Commission. The average operating rates of...
The globally recognized world-class provider of high-quality cast house products and foundry alloys, Qamco, has projected a QR1.1 billion capital expenditure for 2023-27. The company will aim at its strategic plans to strengthen its market position and explore new international markets, focusing on enhanced shareholder value. The joint venture between Qamco and Qatar Aluminium, known as Qatalum, is on pace to increase output efficiency while reducing emissions through specialised process optimisation methods. The Qamco board revealed these in a report submitted before shareholders at the general assembly meeting, which approved all the agenda items on March 15, 2023. Abdulrahman Ahmad al-Shaibi, the Chairman of Qatalum, said, "Going forward, Qamco's JV will remain focused on its strategic...
Xingfa Aluminium Holdings, a famous large-scale architectural aluminium profiles and industrial aluminium profiles manufacturer in China, announced its full-year 2022 results ended December 31, reporting a 9.7 per cent year-on-year rise in revenue to RMB 16.9 billion. But it missed analyst estimates by 2.9 per cent. The company’s net income stood down by 48 per cent from FY2021 to stand at RMB 457.8 million at the end of the year, despite an increase in revenue. Xingfa’s profit margin also dropped in FY2022 from 5.8 per cent a year earlier to 2.7 per cent, primarily driven by higher expenses. The company’s earnings per share also missed analyst estimates by 48 per cent. Free cash flow pegged at RMB 184.330 million at the end of 2022, and cash from operations stood at RMB 790.767 million....
This week, the primary aluminium sector has witnessed major impending issues, like the Slovenian aluminium producer Talum’s closed operations, directly affecting the jobs and livelihood of 189 workers. While on the other side, we see €1.2 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) was invested to fund new jobs for 303 Spanish aluminium smelter Alu Ibérica’s ex-workers. Alcoa’s Australian counterpart announced a 75 per cent production drop at its Portland aluminium smelter in Victoria. The US-based aluminium giant also declared the closure of its Intalco aluminium smelter after five years of operations. After a gush of disappointing news, the only positive occurring this week that can be mentioned is the Vedanta-Dalmia collaboration, which enables...
Global Recycling Day was celebrated by Arsenal Football Club and USA’s leading aluminium beverage can producer, Ball Corporation, through the initiation of their social media content series. The series talks about community welfare and sustainability, underlining the fact that good things might happen when one starts recycling. Five recycling heroes from a regional school Colney Training Centre were completely taken aback by the arrival of legendary Arsenal footballers Eddie Nketiah, Matt Turner and Gabriel Martinelli. The 12 years old Gooners belonging to a North London school located close to the Emirates Stadium took an active interest in this year’s ‘Premier League Inspires’ challenge, with sustainability being the main objective behind the drive. The girls saw a great opportunity in...
The voice of the aluminium industry in Europe, European Aluminium welcomed the latest publication of the Critical Raw Materials (CRM) and Net-Zero Industry Acts (NZIA). Together, these ideas mark a long overdue first step towards recognising the necessity for a European industrial strategy that aids in securing access to the raw materials necessary to support the twin transition and many other strategic initiatives. European Aluminium asks authorities to include aluminium in the CRM Act by highlighting its significance and generally acknowledged importance as a strategic raw material in the green transition.. Being a fundamental component of almost all renewable energy technologies prioritised in the Net-Zero Industry Act, such as solar PV systems, wind turbines, grid technologies, and...
Luxury skincare brand Benefit launched its latest range of products in recyclable aluminium packaging . The six-piece POREfessional pore care line was created primarily to lessen, clean up, and smooth out the appearance of pores. The items are delivered in an aluminium bottle with a recyclable pump. The paper used to make the outside box is FSC-certified. Also, the company unveiled their clay mask, Deep Retreat, which came in an aluminium tin. It's encouraging to have an aluminium alternative in the cosmetics industry because most masks of this texture come either in plastic containers or single-sized plastic wrappers. "Over the years we have been able to unlock a lot of skin secrets that maybe people wouldn't necessarily come to Benefit for. During the brow service, consumers have an...
The UK-based canned water company CanO Water has announced partnering with 10 Days, a creative advertisement agency, to participate in a competitive brand pitch. After the post-Covid data was revealed, big players in the canned water sector realised that the demand has grown almost 52 per cent as per the IRI data. This has led CanO to invest in brand growth and marketing. Globally referred to as the first brand that circulated water in aluminium cans, CanO Water was established by three friends after they were horrified by the harmful effects of plastic pollution. In line with active environmental consciousness, CanO launched infinitely recyclable and resealable aluminium cans that induce a sustainable circular economy. Throughout the four-month-long pitch procedure that included top...
Alumil has introduced a new solution for aluminium gates compatible with its flagship SMARTIA FC80 fencing system. Alumil SMARTIA FC80 can be regarded as the brand’s top fencing system. Alumil’s SMARTIA FC80 is exceptionally robust and can support auxiliary decorative materials. This latest addition will further enhance the functionality of the fencing system. The new aluminium gate features a patented “Barcode” design on both sides, arousing the interest of a buyer. On the other hand, the integrated pivot hinges allow smooth and effortless operation, highlighting the company’s mesmerising framework. Moreover, the aluminium gate can incorporate LED lighting and Woodalux® bars, an amalgamation of aluminium profiles with composite wood, which is Alumil’s trademark composition. The new gate...
After being declared bankrupt, Alu Ibérica LC S.L., located in the Galicia region of Spain, arranged for a €1.2 million loan from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to fund new jobs for 303 of its ex-employees. On March 16, the European Commission joined in to support the initiation. This €1.2 million investment will aid the ex-Alu Ibérica workers to find new opportunities through enhanced vocational training, specific job profiling, expert guidelines and customised career paths. Spain promptly opted for the EGF funding to completely support the Alu Ibérica workers already abandoned by the company after it declared bankruptcy. Alu Ibérica excelled in producing primary aluminium from mined bauxite ore but had to shut down its operations owing to...
Czinger Vehicles Inc., a Los Angeles-based automobile manufacturer of hybrid sports cars, launched a 3D printed automotive gearbox case which the company claimed as the world’s first. In collaboration with UK automotive engineering firm Xtrac, Czinger used topology optimization software to design the gearbox case and printed it in a proprietary aluminium alloy. Xtrac is specialized in designing gearboxes for race cars, which makes the company an obvious choice for manufacturing fuel-efficient luxury hypercars. The main advantage of 3D printing a gearbox case is that it requires no tooling, besides reducing gearbox case’s mass and complex geometry. Topology optimization software is combined with AI-driven generative design and its use is often found in additive manufacturing. The software...
Ball Corporation, on March 16, published its new Climate Transition Plan, citing the company's historical journey and development into a fully circular, decarbonised or carbon-neutral organisation. This certifies Ball to carry on better services for its stakeholders in supplying aluminium solutions that pose no threat to the planet. The plan accompanied the release of Ball's 2022 Combined Report that illustrates the company's adherence to environmental, social and economic sustainability, alongside tracking its 2030 product stewardship and socio-economic aims. Ball's Climate Transition Plan charts a strong, uncomplicated and science-based decarbonisation plan depending on the most current UN guidelines. Ball also instigates other international corporations to churn Net Zero programmes to...
The US-based aluminium giant Alcoa announced it would close down its Intalco aluminium smelter after five decades of operations. With the closure announcement, the company begins preparing the site for new economic development opportunities. Roy Harvey, the President and CEO of Alcoa, said, “The Intalco smelter site operated for nearly 55 years, and we’ve spent significant time evaluating options for the asset, including a potential sale. Our analysis, however, indicates that the facility cannot be competitive long-term." Harvey added, “The site is an important part of our history. We are encouraged by the prospects for potential economic development via another entity that will own and control land at the site. As we transition, we will continue engaging with our stakeholders, including...
Hindalco Industries Limited again cut its aluminium products prices on March 16 after an intermittent hike the previous day. According to the latest price list, the company’s aluminium wire rod price has come in at INR 225,100 per tonne as of March 16, down by INR 2,000 per tonne. On March 15, the price stood at INR 227,100 per tonne after experiencing an increase of INR 4,500 per tonne from INR 222,600 per tonne. Hindalco’s aluminium billets price was also revised for the third day in a row, with effect from March 16. The price saw a cut of INR 2,000 per tonne to stand at INR 228,100 per tonne as of March 16, whereas it rose by INR 4,500 per tonne from INR 225,600 per tonne to INR 230,100 per tonne on March 15. Aluminium ingot price was no exception but also underwent a cut on March 16...
On Friday, March 17, Rusal announced a higher aluminium production in 2022, mitigating several challenges like Australia’s alumina export ban to Russia, suspension of alumina production at the Mykolaiv refinery, and inflated production cost due to energy and raw materials price hike. Rusal’s aluminium output in the full year stood at 3.835 million tonnes, up by 1.9 per cent from 3.764 million tonnes in 2021 amid a 31.8 per cent rise in production cost to US$2,190 per tonne versus US$1,661 per tonne last year. Thanks to the efficient management model, Rusal could rebuild raw material supplies and supply chains and successfully diversify sales channels, redirecting finished product flows to domestic and Asian markets. Thus, the company’s aluminium sales recorded no significant downfall but...
