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 Minister of the Public Enterprise Sector of Egypt, Mahmoud Esmat, appreciated the intensely cordial attitude of the UAE toward Egypt, referring to them as a pillar of globalisation. These strong words of friendship were exchanged in Cairo when the Minister entertained the CEO of Emirates Global Aluminium (EGA), Abdul Nasser bin Kalban; the Senior Vice President for Government Relations of EGA, Khaled Buhumaid and the Deputy Ambassador of Egypt in Cairo, Saleh Al Saadi. The meeting mainly aimed at discussing probable investment areas in the mineral and chemical industries by organisations under Egypt’s Ministry of Public Enterprise Sector. Egypt Aluminium Company and EGA were eager to chalk out plans of partnership endeavours they could pick up in the area, creating a new aluminium...
Three-month LME aluminium opened at US$2,283 per tonne and settled at US$2,280 per tonne, down 0.07 per cent. On Thursday, March 16, the LME aluminium cash bid price saw a further drop of US$8 per tonne or 0.36 per cent to stand at US$2,237 per tonne, and the LME aluminium official settlement price decreased by US$8.50 per tonne or 0.38 per cent to rest at US$2,237.50 per tonne. The 3-month bid price slipped by US$9 per tonne to settle at US$2,286 per tonne, and the 3-month offer price shrank by US$8.50 per tonne to close at US$2,287 per tonne. Meanwhile, December 24 bid price and December 24 offer price inched up by US$1 per tonne on March 16 to peg at US$2,508 per tonne and US$2,513 per tonne, respectively. LME aluminium opening stock continued to suffer a loss. As of March 16, the...
A00 aluminium ingot price has jumped up by RMB 10 per tonne, officially closing at RMB 18,150 per tonne, as the Shanghai Metals Market recorded on March 17. The average prices are expected to range between RMB 18,130 per tonne and RMB 18,170 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 augmenting prices today, with the aluminium price heightening the most in Tianjin by RMB 90 per tonne to settle at RMB 18,250 per tonne. In Foshan and Chongqing, the aluminium prices have swollen by RMB 60 per tonne, officially resting at RMB 18,300 per tonne and RMB 18,330 per tonne, respectively. The aluminium price in Shenyang has seen RMB 40 per tonne growth to stop at RMB 18,180 per tonne. In Linyi,...
On Tuesday, a top government official announced that redeem centres for aluminium cans and glass bottles will resume operations in Seychelles on March 20, a day later than usual, due to persisting difficulties. Seychelles has six primary redemption centres where collectors may drop off their aluminium cans and PET bottles. On the second and third most inhabited islands, Praslin and La Digue, respectively, there are one and four on Mahe, the major island. In the meantime, beginning on March 20, individuals can bring their glass bottles and cans for recycling. Denis Matatiken, the Department of Environment's main secretary, told reporters that owing to difficulties that were out of their control, the environmental authorities decided to terminate the exchange period in November rather than...
Eural, one of the largest European manufacturers of extruded aluminium bars and rods, has developed new lead-free, free-cutting aluminium alloys, which are expected to be compatible with stringent regulations and offer excellent machinability and productivity. As per Eural, the discovery is termed aluminium alloy 2077 and has outstanding mechanical characteristics and great machinability. It produces tiny chips equivalent to those produced in 2011, making it perfect for high-speed automated lathe machining to achieve high productivity. With Rm greater than or equal to 69.6 Ksi ultimate tensile strength (UTS), the 2077 Lead-Free aluminium alloys have outperformed 2024. Hard alloys like 2014, 2014A, 2024, 2017, 2017A, 7020, and 7075 are alternatives to it. Depending on the ultimate use, it...
Killeen City Council has allotted a US$118,300 replacement contract to Southern Bleacher Company for installing aluminium bleachers in place of wooden ones in the Killeen Rodeo Arena. The contract was forged in October 2022 and was awaiting approval. The entire reconstruction can be attributed to the 76th PRCA Rodeo in Killeen to be from May 18 to 20. Associates, workers and inmates from the Texas-based Southern Bleacher Company have already started switching wooden bleachers with aluminium bleachers at the Killeen Rodeo Arena. “The replacement is needed to ensure the safety of over 10,000 rodeo patrons that attend each year,” as was reported by sources. In January this year, the City Council logged a resolution permitting Texas Correctional Industries to be on the official vendors’ list....
According to a recent report, Cola-Cola Japan has introduced ready-mixed cocktails of Jack Daniel’s and Coke packaged in aluminium cans. Inspired by the classic bar cocktail, the beverage is made with Jack Daniel’s Tennessee Whiskey and Coca‑Cola. The beverage was initially launched in Mexico in late 2022, and it is now ready to hit the Japanese market on April 10, priced at 210 yen. While launching the product, Jack Daniel’s & Coca-Cola boasted this beverage is not only born but born-ready, which promises “the perfect flavor, born of the meeting between these two.” “We keep consumers at the centre of everything we do as we continue to develop our portfolio as a total beverage company, and that includes new products with our iconic Coca‑Cola brand,” said James Quincey, Chairman and CEO of...
Marchesini Group, an Italy-based packaging machinery maker, will exhibit its flagship solutions at the Interpack Programme 2023. The Italian Group is mainly responsible for producing a wide array of sustainable, digitally modified, customised, sterile and aseptic packaging solutions highly demanded by the beauty or pharmaceutical sector. Marchesini’s state-of-the-art, specialised machines accept various raw materials, including paper, recyclable plastic, PET and aluminium, to forge them into a pre-designated shape. The company’s line of 50 machines would be on display during the Interpack event, placing them separately according to definitive purposes. Marchesini machines dwell under the common industrial standard to make eco-friendly packaging solutions that also follow all the safety...
Glencore Plc is prepared to back out of a $16 billion agreement to purchase aluminium from Rusal, Russia's top producer, to separate itself from one of its main competitors. As per Gary Nagle, CEO of Glencore, the firm won't extend a contract with Rusal International when it expires next year following its stance of refraining from conducting any new business with Russia. A month after Russia's invasion of Ukraine, the trading business instituted such a policy while upholding previous contracts. Suppose Glencore's main competitors are comfortable dealing with Russian metal that many customers are unwilling to purchase. In that case, the contract's expiration will present a once-in-a-lifetime chance for them to increase their influence in the global aluminium market. Suppose Rusal is...
In accordance with the restructuring plan signed in November 2021 following the company's reorganisation in February 2019, Gulf Aluminium Rolling Mill "GARMCO", a portfolio company of Bahrain Mumtalakat Holding Company, announced its first repayment to creditors of USD 23 million. GARMCO reported that it settled its first payments after the business experienced its most profitable year since it started its journey. The reorganisation plan allowed GARMCO to convert the remaining 28 per cent of its debt into company shares while repaying 72 per cent of its total value over an 11-year period. Arif Rahimi, the Chairman of GARMCO and board representative of Mumtalakat, said, "The plan has enabled us to continue operating and maintain our leading role in the Aluminium downstream industry...
On Wednesday, March 15, Constellium SE, a global producer of aluminium rolled products, extruded products and structural parts, published its 2022 Sustainability Report noting that it again achieved best-in-class safety performance, delivering 1.85 per million working hours versus a target of 1.5 per million hours in 2025. The company stated that six sites reached milestones of more than 1 million hours worked with a recordable case. Constellium boasted that its percentage of women workers increased from 13 to 14 per cent, while the percentage of new female hires rose from 24 to 31 per cent. In 2022, women held 22 per cent of professional and management roles versus 21 per cent in the previous year. The company is confident to reach its target of 25 per cent in 2025. In the sustainability...
The NZAS aluminium smelter at TIWAI Point is receiving heavy support from the Great South and Southland Business Chamber. They think it should remain in production because “the jobs and GDP it produces are significantly higher than the alternatives that have been suggested”. Suppose the smelter needs to be saved from an unprecedented closure in 2024. In that case, it is crucial to replace its usual power source with a hydrogen plant that can act as an alternative renewable energy joint for the complete optimisation of the plant. In the middle of 2021, it came into view that Meridian Energy and Contact Energy were indulging in a conglomeration to construct the globe’s largest green hydrogen plant in Southland. This was decided after a feasibility report unveiled that a green hydrogen plant...
The world’s leading manufacturer and supplier of light alloy wheels for passenger cars and commercial vehicles, Ronal Group, has set itself the aim of a 50 per cent reduction in its manufacturing CO 2 emissions by 2030 and CO 2 -neutral production of all its wheels by 2050 as part of its PLANBLUE sustainability plan. With the production of the first light-alloy wheels built entirely of secondary aluminium for the new all-electric MINI Cooper SE Convertible, the German plant in Landau is taking the lead in this area. The production of primary aluminium is an energy-intensive process that impacts the environment. The carbon balance sheet of the RONAL GROUP shows that 74 per cent of the CO 2 generation is attributable to aluminium procurement. The company sourced 100 per cent of its...
The US International Trade Commission's (ITC) most recent report, which revealed that American businesses, not Chinese ones, incurred the majority of the costs associated with Section 232 tariffs on aluminium , prompted a response from the Beer Institute, the oldest national trade organisation that represents the beer industry. The World Trade Organization (WTO) ruled in December 2022 that international trade laws were broken when Section 232 tariffs on aluminium were imposed. This report by the ITC follows the WTO's decision. "Today's ITC report confirms what brewers have known since March of 2018: Section 232 tariffs on aluminum punish American job creators by increasing production costs, which ultimately trickle down to higher prices for consumers. These tariffs have cost the American...
According to the Shanghai Metals Market survey, the average operating rates of China's domestic aluminium plate/sheet and strip producers stood month-on-month higher by 0.62 percentage point at 63.15 per cent during February 2023. But on a year-on-year basis, the operating rates edged a significant downfall of 14.26 percentage point. In February, aluminium plate/sheet and strip production grew, along with the downstream orders owing to the peak season ahead. At the same time, the inventory of finished products held by many companies decreased sharply from the previous month. SMM estimates the production and sales of aluminium plate/sheet and strip will grow further in March as the peak season arrives. But several industry players pointed out the market demand was weaker in February...
USA-based manufacturer of aluminium beverage solutions and one of the world's largest suppliers of aluminium cans, Ball Corp is on the verge of closing its Wallkill Plant in New York. This action would be aligned with the company’s collective bargaining agreement. Ball has notified its workers and union members about this unprecedented closure and assured them of uninterrupted production hauls from its other factories. The company justified its recent advancements in a Press Release : “Space, land and equipment limitations make expansion and upgrades to this facility difficult. To increase production and enable the growth of contracted customers, Ball is exploring the closure of the Wallkill plant and supplying the unique sizes from other facilities that can produce them.” With the...
LME aluminium opened at US$2,349 per tonne on Wednesday and sank to US$2,261 per tonne before closing at US$2,281 per tonne, down 3 per cent. On March 15, Wednesday, the LME aluminium cash bid price dropped by US$26 per tonne or 1.14 per cent to clock at US$2,245 per tonne, and the LME aluminium official settlement price also recorded a similar percentage slash, officially settling at US$2,246 per tonne. The 3-month bid price has plunged by US$25 per tonne or 1.08 per cent, stopping at US$2,295 per tonne, whereas the 3-month offer price has decreased by US$25.50 per tonne or 1.1 per cent, closing at US$2,295.50 per tonne. December 24 bid price and December 24 offer price halted at US$2,507 per tonne and US$2,512 per tonne yesterday, with a US$28 per tonne or 1.1 per cent fall. LME...
On Thursday, March 16, China’s A00 aluminium ingot price has contracted by RMB 180 per tonne to close at RMB 18,140 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average price is expected to range between RMB 18,120 per tonne and RMB 18,160 per tonne. The prices in Wuxi, Hangzhou, Shenyang and Linyi have fallen by RMB 180 per tonne to peg at RMB 18,130 per tonne, RMB 18,180 per tonne, RMB 18,140 per tonne and RMB 18,190 per tonne. As per the data, the price in Chongqing has slumped by RMB 170 per tonne to score at RMB 18,270 per tonne. In Foshan and Tianjin, the prices have slipped by RMB 160 per tonne to reside at RMB 18,240 per tonne and RMB 18,160 per tonne. In Gongyi, the A00 aluminium ingot price has decreased by...
