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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Karisma Kapoor unveils India's 1st Golden Embossed HOMEFOIL by LSKB Aluminium Foils at the 37th AAHAR - The International Food & Hospitality Fair. The new foil was inaugurated at the LSKB Stall, Pragati Maidan, New Delhi. Following the launch, guests had the chance to speak with Karisma Kapoor in a meet & greet session and enter to win exciting prizes by taking part in the competition run by the business. The LSKB Aluminium Foils Pvt Ltd. introduced 1 kilogramme and 555 g of HOMEFOIL, 18 microns thick and 12 microns thick for 75 m, 25 m, and 9 m. To maintain the degree of hygiene, the items are produced utilising cutting-edge technology in secure, environmentally friendly, and well-ventilated settings. To properly cut the foil, the box also includes a foil cutter. "We are elated to launch...
Black Rhino Manufacturing Inc., one of the well-known manufacturers of top-quality aluminium trailers, has recently launched a new website to display the various open aluminium trailer models it produces. Customers may select the trailer, customise it, and locate the nearest dealer. Online ordering is made more accessible by the dealer portal on the website. The new website will also allow pre-approved financing for buyers. At present, they have more than dealers countrywide and are growing their dealer network. Midway through 2023, Black Rhino Manufacturing, Inc. will make the Tilt Trailer series official. "At Black Rhino, we strive to build the absolute best aluminum trailers possible using premium materials, superior craftsmanship, and aggressive designs. We're proud of our people and...
NOMOQ, a can printing enterprise that has formulated its special way of digitally printing the outside of aluminium cans, has recently inaugurated its latest production facility in the UK. This unit will be responsible for carefully sourcing aluminium sheets and turning them into pre-destined aluminium packaging sizes. The CEO of NOMOQ, Peter Stein, explained: “Following large demand for fully recyclable, lightweight and shatterproof cans from UK brands, coupled with a diverse and surging national craft beverage culture, the UK was quickly identified as an area for growth.” “We’re excited to provide beverage producers access to high-quality cans, digitally printed with millions of colours and shades with no minimum order quantity, which supports tight cash flows or storage limitations,”...
Scotland’s Deposit Return Scheme (DRS) has not received positive reactions from the UK Government, and there have been prevailing talks of ending it. Reports confirm that Scottish Secretary Alister Jack has already instigated the UK Government to rethink the launch of this flagship recycling drive. Scotland’s DRS was established with the idea to make users pay a £0.20 ($0.24) deposit for buying drinks in a single-use container forged out of polyethene terephthalate (PET), steel, plastic, glass or aluminium. The user would then be eligible for a cash deposit return if they turn in the empty container at one of the collecting points spread across the region’s shops, hospitals and commercial outlets. The scheme was supposed to be in action from August 2023, but it is hard to point out any...
The Managing Director of Hindalco Industries, Mr Satish Pai, has been named the President of the Indian Institute of Metals (IIM). IIM is an adequate body for professional metallurgists in India. It was formed as early as 1945 and was possible through the efforts of a few metallurgists. Since then, the growth of the Institute has been phenomenal. Starting with a modest membership of 42, the IIM Membership stands for more than 10,000 drawn from various fields of metallurgical activity. The 77 th Annual Technical Meeting of the Indian Institute of Metals (IIM-ATM) and International Conference on Metals will take place on November 22-24, 2023. IIM Sambalpur, IIM Angul and Hindalco Industries will organise the chapter, and the venue selected is KIIT, Bhubaneswar, Odisha. The flagship annual...
Novelis, one of the largest low-carbon aluminium solutions supplier and the world's leading aluminium rolling and recycling agency in partnership with an R&D laboratory, Net Zero Lab Valais, has reached acute success in ending the first year of operation. The collaboration has introduced major projects focusing on optimising Scope 1 and 2 carbon-neutral aluminium productions at Novelis' Sierre plant in Switzerland. Within the first year of Novelis' alliance with Net Zero Lab Valais , the company had to allot a proper budget for a new electric pusher furnace, which would be crucial in negating the usual amount of carbon emissions from the production lines. This new technology will help Novelis to pre-heat aluminium sheet ingots with renewable or green energy in place of natural gas use,...
With the purchase of a 12 per cent share in Lithium de France, Hydro Batteries expands strategically into environmentally friendly battery components. Arverne Group and Equinor Ventures are other Lithium de France investors. Lithium de France is developing technology and processes to create lithium with a considerably smaller CO2 footprint than what is now commercially accessible while also extracting heat and lithium from geothermal brines. Lithium de France has obtained additional finance totalling EUR 44 million with this Series B investment. Arverne Group, Equinor Ventures, already shareholders, and Hydro, a new investor, will contribute to the capital increase. "Lithium is a key ingredient in all types of rechargeable batteries and the demand for lithium-ion batteries is continuing...
Guinea Alumina Corporation SA (GAC), the bauxite mining subsidiary of Emirates Global Aluminium, has acquired Performance Standard V2 (2017) Certification from the Aluminium Stewardship Initiative. It represents the first Guinean entity to receive ASI Certification. As per the report, GAC has bagged the certification for bauxite mining operations (including camps and facilities) near Sangarédi, port operations for bauxite export at Kamsar, rail operations between its facilities and the main rail line, and a biodiversity offset site. Last year, GAC exported 14 million wet tonnes of bauxite, making EGA one of the world's largest merchant suppliers of the mineral. The ASI Performance Standard V2 (2017) defines environmental, social and governance principles and criteria, aimining to address...
The residents of Sibu (a city in Malaysia) were invited to sell their recyclable used products at the 3R Recycling Programme held in Swan Square on March 12 last Sunday. The programme, since its inception, has helped collect recyclable items like paper, cardboard, tin or aluminium cans from the residential area. Volunteer Loh Yu Yee clarified that this is by far the thirteenth edition of the programme organised around the community. She claimed that people participating in the recycling drive would receive Sarimi noodles on completion. “This is a monthly event that we do to encourage people, especially families, to recycle their recyclable items and to save the environment,” she said. The recyclers or participants were urged to separate the waste materials on a prior basis because sorting...
The Slovenian aluminium producer Talum's decision to close down the primary aluminium production at its smelter will affect 189 workers. However, the company has announced that it will offer 69 workers new job contracts within the group, while 120 employees will be laid off. The group employs a total of 1,453 employees. On March 3, 3023, it was reported that the Slovenian aluminium company Talum will shut down its remaining aluminium electrolytic furnaces in April. Talum plans to shut down its remaining aluminium electrolytic furnaces in April after nearly six decades of producing primary aluminium. The Kidričevo-based company has recently switched to aluminium processing and other more lucrative activities.
The data from the National Bureau of Statistics (NBS) revealed that the primary aluminium output in China, the world's largest aluminium producer, increased to 6.74 million tonnes in January-February 2023 from 6.33 million tonnes in Jan-Feb 2022. According to official data released on Wednesday, China's aluminium production increased 7.5 per cent in the first two months of 2023 as the economy improved and demand expectations rose due to lifting strict COVID-19 controls, marking the greatest output for the two months since at least 2015. Several policy changes to support China's economy and real estate market, along with the lifting of COVID restrictions late last year, have raised expectations for a rise in domestic demand for aluminium used in packaging, transportation, and construction....
In January 2023, alumina production in South America stood at 1.029 million tonnes, reflecting a month-on-month decline of 1.25 per cent from 1.042 million tonnes, found the International Aluminium Institute survey. However, on a year-on-year calculation, the output recorded an increase of 3.42 per cent from 995,000 tonnes. The daily average output of aluminium ore in South America was 33,200 tonnes during January 2023, marginally down by 400 tonnes from 33,600 tonnes a month ago. On an annual basis, the daily output edged an increase of 3.31 per cent or 1,100 tonnes compared to 32,100 tonnes. During January-December 2022, South America’s alumina production totalled 11.634 million tonnes, down by 3.94 per cent from 12.111 million tonnes in 2021. Now it is to see how the production in 2023...
Novelis is about to get documented in an Emmy Award-winning series by John Holden called EARTH that airs on Fox Business Network. The docu-series releasing on March 19 - at 5 p.m. ET, will showcase how Novelis produces low-carbon aluminium, propagating a green economy. The story of this particular episode revolves around Ansys and how it helps create better, greener processes for companies like Climeworks. Then it shows how Novelis produces its flagship low-carbon aluminium Al:sust™ before turning toward CIAC’s contribution to the chemical industry. The episode then talks about Zehnder’s clean air solutions and InQube’s recyclable apparel. From a broader perspective, the EARTH episode wishes to document extraordinary feats of achievements in the recycling sector. At the beginning of the...
Alcoa Corporation announced that the Portland Aluminium smelter in the state of Victoria in Australia will begin to immediately reduce its overall production due to operational instability. Production at the smelter will be reduced to approximately 75 per cent of the site’s total consolidated capacity of 358,000 tonnes per year. Alcoa’s share of the total capacity is 197,000 tonnes per year. The smelter, which has a total of 408 pots, had previously been operating at about 95 per cent of its total capacity. The smelter has recently faced instability and challenges related to the production of rodded anodes, which are necessary to convey electricity into the smelting pots. “Our teams are focused on safely taking the production offline and working to restore stability across the facility,”...
Vedanta Limited has lifted its aluminium ingot and aluminium products prices on Wednesday, March 15, after several cuts, in response to the LME aluminium price hike. Vedanta, India's leading aluminium producing company, has added INR 4,500 per tonne to its aluminium ingot price to sell the primary metal at INR 217,000-247,500 per tonne with effect from March 15. On March 14, the price stood at INR 212,500-243,000, dropping by INR 1,500 per tonne from the previous day. Vedanta's aluminium wire rod price has also been raised by INR 4,500 per tonne to INR 224,500-232,000 per tonne on March 15 after being cut by INR 1,500 per tonne to INR 220,000-227,500 per tonne on March 14. Aluminium billet price has come in at INR 226,000 per tonne, up by INR 4,500 per tonne or 2.03 per cent from INR...
A00 aluminium ingot price has ascended by RMB 40 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 15. 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 30 per tonne and RMB 10 per tonne. The eight major provinces in China have seen escalating aluminium ingot prices today, with it heightening the most in Foshan and Chongqing by RMB 50 per tonne, officially closing at RMB 18,400 per tonne and RMB 18,440 per tonne, respectively. In Hangzhou, Shenyang, Tianjin and Linyi, aluminium prices have soared by RMB 40 per tonne. The aluminium price in Hangzhou has stopped at RMB 18,360 per tonne. In Shenyang and Tianjin, the rates got stuck at RMB...
LME aluminium opened at US$2,321 per tonne on Tuesday and closed at US$2,352 per tonne, an increase of US$32 per tonne or 1.38 per cent. On Tuesday, March 14, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$35.5 per tonne or 1.58 per cent to close at US$2,271 per tonne and US$2,272 per tonne. 3-month bid price and 3-month offer price closed at US$2,320 per tonne and US$2,321 per tonne, recording a growth of US$34 per tonne or 1.48 per cent. December 24 bid price and December 24 offer price expanded by US$33 per tonne or 1.31 per cent to score at US$2,535 per tonne and US$2,540 per tonne. LME aluminium opening stock settled at 536450 tonnes. Live warrants and Cancelled warrants resided at 427075 tonnes and 109375 tonnes. LME aluminium 3-month...
To renovate their laboratory and office premises in a small Italian town, Diatech Pharmacogenetics hired Andrea Tabocchini and Francesca Vittorini of Andrea Tabocchini Architecture. They wanted to save certain original features while updating the existing rooms to suit modern design requirements. The design for the new laboratories of Diatech Pharmacogenetics, an Italian company specialising in pharmacogenetic tests for cancer precision medicine, was inspired by two goals: creating an environment that reinforces the company's identity and values while also providing a stimulating and experimental workspace. A backdrop made of shiny aluminium surfaces illuminates the area and produces sophisticated and understated scenography. Consistent material transitions between the claddings'...
