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...
Grow with
AL Circle
KURA ONE has perfectly chalked out a way to source sake from award-winning breweries in Japan and commercialise them in 180ml or 196 grams aluminium cans, keeping the original flavour of the oriental drink intact. The company has woven an articulate method of tracking the best sake in the region and repacking them in sleek, compact, easy-to-carry aluminium beverage packaging solutions. On January 31 this year, KURA ONE virtually launched its canned creation through the brand’s online portal so that customers all over the globe can enjoy sake from Japan alongside learning stories about the drink. The brand has initiated subscription schemes in more than 100 countries worldwide. Specifically, in Japan, the KURA ONE canned sake is gaining extreme popularity. “KURA ONE Sales Commemorative...
Leicester-based Bridge Aluminium has officially bought the proprietary right of Grainger & Worrall Engineering, a firm that excels in producing aluminium casting components for the automotive industry. This premeditated agreement will be very crucial in protecting the 36 employees already working under the casting company. The Bridgnorth situated iron or aluminium castings manufacturing unit has been a major supplier in the automotive, precision engineering and machine parts producing subsector. Grainger & Worrall Engineering has selected Daniel Smith and Paul Meadows, belonging to Teneo Restructuring, to conduct the entire insolvency decorum. The director of Bridge Aluminium, Grainger & Worrall Engineering, Chris Shield, exclaimed: “We have significant growth plans for the business and...
The Stance E+ e-MTB from Giant streamlines the design to provide a more economical platform. The aluminium frame built uses a single-pivot flex-frame. The new Stance E+ features a more powerful battery and increased motor performance than its predecessor. Also, the two versions combine commuter hybrid full-suspension technology with off-road capability. These builds use integrated accessories, mixed-wheeled construction, and tyres with decreased rolling resistance. The ALUXX SL aluminium frame's 120mm FlexPoint suspension and 29-inch wheels give a comfortable, secure ride on challenging trails. One may use the navigation, health, and fitness features of the Giant E-bike App. The Stance E+ e-MTB is powered by Yamaha's SyncDrive Pro, which has a 400 per cent support ratio. It weighs 2.5 kg...
Altech Batteries has collected A$5.12 million as a portion of the two deferred instalment payments from Altech Advanced Material (AAM) for buying out 25 per cent of its tertiary firm, Altech Industries Germany GmbH (AIG). The last instalment has been scheduled for the month of December 2023, wherein AAM will pay another A$2.5 million or 1.583 million euros. Altech bags A$5 million for the partial sell-out of its sister concern firm. In December 2020, Frankfrut-listed AAM bought 25 per cent of Altech’s German subsidiary AIG. Altech Batteries still have control over 75 per cent of AIG’s proprietorship. AAM at first paid 250,000 euros or A$415,000 on the signing of the contract, while the deferred payments are at this moment receding. Altech Batteries Managing Director Iggy Tan was...
Nuveen Asset Management LLC, an investment advisory solutions provider, quit 892 shares of Kaiser Aluminum Co. during the third quarter of 2022, according to the company’s most recent filing of Form 13F with the Securities & Exchange Commission. Nuveen owned 103,463 shares of Kaiser during the quarter and owned 0.65 per cent of worth $6,348,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Limited bought new shares of Kaiser worth $80,000 tonnes during the second quarter and Captrust Financial Advisors raised holdings in shares by 76.1 per cent during the first quarter. The latter now owns 1,016 shares of the industrial products company’s stock worth...
One of the biggest aluminium industry players in Sri Lanka, Alumex PLC, has declared the initiation of its flagship loyalty drive, “Divikavuluwa”. The largest aluminium extrusion manufacturer in the region is eager to introduce community-based programmes to augment the future positions of the nation’s aluminium fabricators. In alignment with the programme, all Alumex products would now be tagged with barcode stickers so that fabricators may encash the points embedded for account credit. These points will accumulate against a particular user id and can be redeemed over time by the user for any future purchases, retirement savings or use in urgency. Alumex, through this “Divikavuluwa” programme, wishes to allot bonus points and rewards for the fabricators in the upcoming days. The Alumex...
On Monday, the Investment Information and Credit Rating Agency of India Limited (ICRA) stated that to accomplish the ambitious goal of a 25 per cent reduction in carbon emissions in the next five to seven years and attain net-zero status by 2050, domestic aluminium players will need to significantly enhance their renewable energy or low carbon-intensive power sources. Depending on the mix of renewable energy (RE) utilised, this might need sizeable capital investments of up to USD 5 billion by 2030 and USD 20 billion by 2050, according to an ICRA paper on the primary aluminium business. "Domestic aluminium manufacturers have the highest carbon intensity of nearly 17-20t CO2e/tonne of aluminium, owing to the significant use of coal in generating captive power," said ICRA. Organisations may...
Hindalco Industries Limited has continued to cut its aluminium products prices for the fourth consecutive time since March 2 in line with the sluggish trend in the LME aluminium benchmark price. With effect from Tuesday, March 14, Vedanta has reduced its aluminium wire rod price by INR 1,500 per tonne to INR 222,600 per tonne. On Saturday, March 11, the company’s wire rod price was at INR 224,100 per tonne, undergoing a much higher cut of INR 5,750 per tonne. With the latest cut, Hindalco’s aluminium billets price has come in at INR 225,600 per tonne as of March 14, also down by INR 1,500 per tonne from INR 227,100 per tonne on March 11. Hindalco’s aluminium ingot price has stopped at INR 211,500 per tonne per tonne as of March 14 after seeing incessant cuts for the past week. On March...
Vedanta Aluminium will reportedly supply industrial wastes like fly ash and spent pot lining to Dalmia Cement for manufacturing low-carbon cement. The two companies have formed a partnership, noting Vedanta’s mega aluminium smelter at Jharsuguda will send around 20 rakes of fly ash per month for five years and spent pot lining for three years to Dalmia Cement’s manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam. Vedanta Aluminium has collaborated with India’s many leading cement producers to supply high-quality fly ash for low-carbon cement production. Fly ash is a by-product produced in coal-fired power stations. Owing to inherent cementitious properties, fly ash is a sought-after raw material in the cement industry, improving the overall quality of the cement produced,...
LME aluminium opened at US$2310 per tonne on Monday and fell to US$2,275 per tonne before closing at US$2,320 per tonne, up 0.59 per cent. On March 13, Monday, the LME aluminium cash bid price slumped by US$12.50 per tonne or 0.56 per cent to clock at US$2,235.50 per tonne, and the LME aluminium official settlement price fell by US$12.50 per tonne or 0.55 per cent, officially settling at US$2,236.50 per tonne. The LME aluminium price has recorded the lowest in the month with a gradual declining trait. The 3-month bid price has dropped by US$11 per tonne or 0.48 per cent, stopping at US$2,286 per tonne, whereas the 3-month offer price has decreased by US$10.50 per tonne or 0.46 per cent, closing at US$2,287 per tonne. December 24 bid price and December 24 offer price halted at US$2,502 per...
On Tuesday, March 14, A00 aluminium ingot price in China went up by RMB 60 per tonne to halt at RMB 18,280, with the spot contract price expected to be traded at a discount price of RMB 30 per tonne and premium price of RMB 10 per tonne. The average price is expected to range between RMB 18,260 per tonne and RMB 18,300 per tonne. The A00 aluminium ingot price has experienced growth in all the major provinces except Tianjin, where the price has gone down by RMB 20 per tonne to close at RMB 18,280 per tonne. The price in Foshan has surged by RMB 100 per tonne to clock at RMB 18,350. As per the data, Chongqing's price has increased by RMB 70 per tonne to peg at RMB 18,390 per tonne. On the same day, the prices in Wuxi and Hangzhou went up by RMB 60 per tonne to arrive at RMB 18,275 per tonne...
Satechi's slim aluminium monitor stand maintains a sleek, practical aesthetic while streamlining and organising the workspace. Its metallic surface is designed to match Macs, iMacs, and MacBooks and attractively matches Apple devices. Both lightweight monitors and laptops that are supported off the desk are acceptable. The stand's sleek, contemporary design allows users to elevate their display for optimal comfort, eliminating eye and neck strain. The strong aluminium alloy allows users to balance a variety of devices like a computer monitor, laptop, all-in-one computer, printer, and other devices weighing up to 14kg. The monitor stand is sturdy, lightweight, and available in silver and space grey options. Aluminium as a metal is one of the most widely used and preferred metals in the...
An additional round of capital investment is on the way at Stellantis' aluminium casting plant in Kokomo, Indiana, as the automaker prepares to use those three sites to produce electric drive modules (EDMs) for battery-electric vehicles. The $155 million programme will fund aluminium casting, machining, and final assembly for EDMs used in future battery-electric vehicles on the STLA Large and STLA Frame platforms. The Italian-American-French multinational automotive manufacturing corporation, Stellantis, was formed in 2021 based on a 50–50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles and the French PSA Group. The company is headquartered in Amsterdam. Since 2020, Stellantis has invested more than $3 billion in Indiana to establish production...
Born in London, Mimi Shodeinde, a British designer of Nigerian origin, has materialised a set of structural vessels handcrafted from wood and metal to honour the silhouette in “softness of the female form”. The figurines, also known as NRIN vases, have a name inspired by the Yoruba dialect, meaning female – “Obinrin”. These structures are usually based on a central wooden column made of oil-mixed ash. A trendy piece of cast aluminium has climbed around the wooden structure of the vase and takes a flowing pattern. The aluminium surface has an uneven specification as tiny spats of pollen lay uncharted on the outer side. The London-based designer, Shodeinde wanted to incorporate two major ideas in the vase’s construction; the flowing part of the aluminium resembles a woman’s anatomy, while...
Norway-based manufacturer of lighting and heating products, Glamox AS, has vouched to use recycled aluminium instead of conventional primary aluminium to make its flagship LED lights. With a mission to reach Net Zero by 2030, the company has made this declaration extremely transparent. Glamox AS has already swapped virgin aluminium with recycled aluminium in one of its selling products and plans to do the same with the entire portfolio. This action will curtail a tremendous amount of carbon dioxide emitted while manufacturing Glamox LED lights. This walk towards sustainability is highly beneficial for the company as the public now demands low-carbon solutions with the advent of the Paris Act of 2015. These LED lights with recycled aluminium content will further encourage a greener...
Airstream, in partnership with Studio F.A. Porsche, has recently embarked on a journey to construct a Concept Travel Trailer with a shiny aluminium body. Porsche AG owns the highly acknowledged state-of-the-art concept arena, Studio F.A. Porsche. The legendary creator of aluminium caravans, Airstream, has enjoyed past alliances with major brands like REI, Ram and Supreme. The debutant aluminium trailer in 1/3rd of its designated shape has been on display at the South by Southwest Conference and Festivals in Austin, Texas, since March 10. The brand hopes to aim at the aerodynamics of the Airstream Studio F.A. Porsche Concept Travel Trailer, augmenting its standards to reach a certain pedestal in the automobile industry. The development of this aluminium trailer can be attributed to experts...
The Rimowa Original Pilot was launched in 1994 and was an instant sensation among pilots and aircrew. Since then, Rimowa Original’s aluminium construct has been so much in talks that the company had no other option but to relaunch its flagship luggage for a second time. Rimowa is synonymous with its patented anodised aluminium outlook that makes the appearance of the luggage extremely luxurious and pricey. Rimowa Orignal Pilot has been a cult classic among travel enthusiasts, musicians, artists and other professionals because of its compartmental design. The new Original Pilot has returned with enhanced abilities, absolutely compatible with travelling professionals who wish for a sophisticated companion for official journeys. Rimowa’s new rendition of the Original Pilot also flaunts the...
AniMeals No-kill Adoption Center and Animal Food Bank based in Missoula is known for providing shelter and other necessary help to animals. The organisation has passed its long-running aluminium recycling programme to Recycling Works. AniMeals has been collecting aluminium cans for the past 14 years to support shelter operations. The recycling programme has grown beyond what the shelter can handle, and the costs associated with running it needed to generate more income to make it worthwhile to continue. "We want to re-focus and stay mission relevant with our program efforts as a no-kill adoption on center and animal food bank. Our recycling program is better-housed under the programs managed by Recycling Works, as keeping recyclables out of landfills is their mission," said Kyle O'Neill,...
