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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France-based TNT Group has carved out a magnificent lipstick case from anodised aluminium for the Phyto-Rouge range in the Sisley cosmetics brand hailing from Paris. The creator and producer of customisable, designer, sampling or primary packages for luxury brands, TNT Group has, for the first time, introduced this limited edition cases for Phyto-Rouge Sisley lipsticks. To commemorate the latest release, Sisley has incorporated its flagship black zebra patterns in a deep red colour. Also, three totally new colour hues were developed for this special edition launch. The lipsticks feature gold anodised aluminium outer cases attached with PolyPropylene liners in coal black. The patent zebra pattern and the ‘S’ effigy on top are silkscreened in red and completely protected by a safe varnish....
Alumina production in Europe (incl. Russia) stood at 517,000 tonnes during January 2023, which was down by 6.17 per cent or 34,000 tonnes from 551,000 tonnes in December 2022, found the International Aluminium Institute. On a year-on-year calculation, the output recorded a plunge of 41.58 per cent from 885,000 tonnes. In the entire year of 2022, alumina production in Europe (incl. Russia) totalled 8.219 million tonnes, reflecting a sharp decline of 20.97 per cent from 10.4 million tonnes a year ago. In January 2023, the world’s alumina production amounted to 11.647 million tonnes – 0.42 per cent less than 11.696 million tonnes a month ago. On a year-on-year basis, the output edged 1.09 per cent less than 11.775 million tonnes. In Europe, daily average alumina production during January...
Phinergy, an Israeli clean energy company, displayed the Tata Tiago EV vehicle prototype at Auto Expo India 2023 that was fitted with their aluminium-air battery technology. The energy generated when metal reacts with oxygen is used by Phinergy's technology to create electricity. The aluminium anode serves as a fuel by immediately collecting oxygen from the air and "breaking" the water into hydroxide. The outer layer of aluminium gradually transforms back into alumina hydroxide during the power-generation process. The aluminium air battery must be replaced after the metal has been used, as recharge is not an option. "We are presenting for the first time a Tata vehicle powered by the energy created by Phinergy. This system is based on aluminum, which is widely available in India, unlike...
One of America’s noteworthy aluminium smelters, Constellium participated among the extremely specified group of industrial enterprises and labour bodies to communicate with senior-level associates in the Biden Administration during the previous week’s Roundtable Conference on Decarbonisation and Industrial Innovation. The sole purpose of the dialogue was to illustrate the prevailing efforts to control greenhouse gas emissions and merely form alliances with responsible parties so that a proper protocol is maintained. The CEO of Constellium, Jean-Marc Germain, seemed to be in favour of the Inflation Reduction Act and the Bipartisan Infrastructure Law propagated during the conference. But on the other hand, he gave counsel to the Biden Administration that is equally essential to encourage...
Last week, Hindalco Industries Limited reportedly bagged dual certification from the Aluminium Stewardship Initiative – 1) Performance Standard V2 (2017) and 2) Chain of Custody V1 (2017) for its aluminium rolling operations at Hirakud FRP (flat rolled products) plant in Odisha, India. Hindalco achieves ASI certification for the second time. Earlier, it received Performance Standard Certification for its Mouda aluminium foil plant. In May 2022, Hindalco’s Hirakud plant joined Aluminium Stewardship Initiative as a new production and transformation member. At the Hirakud plant with 135,000 tonnes of capacity, Hindalco produces thin-gauge tight tolerance flat rolled products, including ultra-light gauge foil stock for making aseptic carton packs, can body stock for beverage cans, closure...
Aluminum Dynamics, one of the largest economic development projects in western Lowndes County, owned by Steel Dynamics (SDI), broke ground on Tuesday, March 7. The 2.5 billion aluminium mill project is expected to begin operations by the summer of 2025. With the construction of this aluminium mill, the residents of the Golden Triangle and the surrounding areas will be the most benefited. Almost 800 Mississippians can apply for high-paying employment at Aluminum Dynamics in roughly 24 to 36 months. Business executives and government officials predicted that the aluminium mill would have a snowball impact the economy and education. The pay might exceed six digits. There will also be rewards for select employees who send their children to college. This is one strategy lawmakers seek to...
A00 aluminium ingot price in China has again lost RMB 100 per tonne, which it gained the earlier day, according to the Shanghai Metals Market survey. Therefore, as of March 8, the price has returned to RMB 18,470 per tonne, with average prices estimated to range between RMB 18,450 per tonne and RMB 18,490 per tonne. The spot contract will likely trade at a discount price of RMB 70-30 per tonne. Foshan has seen the highest decline of the day by RMB 110 per tonne to stand at RMB 18,490 per tonne, followed by the downfall of RMB 100 per tonne to peg at RMB 18,540 per tonne. In Wuxi and Hangzhou, the primary aluminium ingot price has dwindled by RMB 95 per tonne and RMB 85 per tonne to rest at RMB 18,470 per tonne and RMB 18,490 per tonne, while the price in Shenyang has decreased by RMB 80...
LME aluminium opened at US$2,385 per tonne on Tuesday and closed at US$2,347 per tonne, down US$35 per tonne or 1.47 per cent. On March 7, Tuesday, the LME aluminium cash bid price dropped down by US$9 per tonne or 0.39 per cent to stop at US$2,312 per tonne, and the LME aluminium official settlement price plunged by a similar ratio, at last settling at US$2,312.50 per tonne. Other than the second day of March, when the aluminium price suddenly skipped upwards by US$2.50 per tonne, it has been on a receding course since. The 3-month bid price and the 3-month offer price have both decreased by US$8 per tonne or 0.34 per cent, officially closing at US$2,359 per tonne and US$2,360 per tonne. December 24 bid price and December 24 offer price have halted at US$2,568 per tonne and US$2,573 per...
Jimmy's, a maker of iced coffee, has added a caramel flavour to their lineup of beverages in aluminium bottles. It comes in the company's 275 ml aluminium "Bottlecan," which is recyclable and resealable. The new caramel iced coffee drinks will be available in March exclusively at Tesco shops around the UK. Later this year, Jimmy's intends to broaden the new product's availability. However, this is not the first time that Jimmy's used aluminium cans. In 2019, the Dorset-based UK beverage brand Jimmy's expanded its drink range by introducing new Flat White Extra Shot iced coffee in aluminium cans. "It's refreshing, it's indulgent, it's caramel and we can't wait for people to get their hands on it," said Jimmy's co-founder, Jim Cregan. Arabica coffee from Huila, Colombia, a single origin and...
Noah Deledda co-founded Crushmetric, a design and production company with offices in Ybor City, Berlin, Hong Kong, and Singapore, to share his aesthetic and design breakthroughs with the world. With the Autohedron Chair from Crushmetric, Noah Deledda broadens his investigation beyond the craft of crushing aluminium soda cans . The prototype chair was made using crushed aluminium cans. "I finished my drink and partially crushed the empty can. Out of boredom, I played with the deformation. I could tell that there was something interesting to discover so I continued experimenting," stated Noah Deledda. This experimentation resulted in many aluminium can-based kinetic artworks. Deledda moved to combine "the art of smashing" cans with product design, but he didn't stop there. Using a similar...
On March 7, 2023, according to our report from the MENA region, the state-owned Egyptian Aluminium Company (Egyptalum) is planning to invest nearly $34.5 million (1.05 billion Egyptian pounds) in projects in the next fiscal year starting on July 1, 2023. As per the data posted on Egypt's stock exchange and reported by our source from the region, the company is encouraged by a resurgence in profits and an anticipated leap in aluminium sales and net profits for the 2023–2024 fiscal year. It has also been reported that the company, which is the largest aluminium producer in Egypt and operates one of Africa's largest smelters, expects net earnings of nearly $114 million (3.5 billion pounds) in the fiscal year 2023-2024, far exceeding the anticipated profits of $34.7 million (1.6 billion) in...
The five-decade-old aluminium smelter, Aluminium Bahrain (Alba), functions excellently in operations, safety, environment, and socio-economic development and continues to be the world's largest aluminium smelter ex-China with a production of 1,600,111 tonnes in 2022, according to a recent rating released by Wood Mackenzie. Wood Mackenzie is a global research and consultancy group supplying data, written analysis, and consultancy advice to the energy, chemicals, renewables, metals, and mining industries. While commenting on Alba's ranking, the Alba'sChairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated: "Alba's journey of a thousand miles starts with a vision, and I take this opportunity to thank the Leadership of Bahrain and HRH Prince Salman bin Hamad Al...
Vedanta Limited has axed its aluminium products prices by INR 5,750 per tonne on Tuesday, March 7, following a hike last week. The company’s latest price slash has brought its aluminium wire rod price to INR 227,250-234,750 per tonne versus INR 233,000-240,500 per tonne on March 2. Vedanta’s aluminium billet price has come in at INR 228,750 per tonne as of March 7, compared to INR 234,500 per tonne on March 2. The company’s aluminium ingot price has also been reduced by INR 5,750 per tonne to INR 219,750-250,250 per tonne from INR 225,500-256000 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the Londom Metal Exchange, which shrank by US$45 per tonne or 1.90 per cent from US$2,366.50 per tonne on March 2 to US$2,321.50...
Rio de Janeiro’s samba school parade has made history with its record-breaking accomplishment in recycling aluminium beverage cans. The Guinness Book of World Records enlisted this as the World’s biggest aluminium beverage can recycling programme. During the Carnival that extended from 17th to 20th February and on the 25th of the month, about 10 tonnes of aluminium beverage cans were accumulated. The Rio Carnival can be anointed as the largest and one of the most special celebratory festivities in the World. The event can be treated as an epitome of sustainability drives internationally. Major non-profit organisations heavily participated in the Carnival, like Abralatas, the Brazilian Association of Aluminum Can Manufacturers, Every Can Count’s Brazilian division, and Cada Lata Conta....
On Monday, the Bulgarian Competition Authority announced that it had received a request to look into Cosmos Aluminium, a Greek firm, and its proposed acquisition of Etem Commercial and Industrial Light Metals, a subsidiary of Elvalhalcor Hellenic Copper and Aluminium Company JSC. The Commission on Protection of Competition (CPC) stated in a notice posted on its website that the transaction is anticipated to impact the market for aluminium extrusions in Bulgaria and the entire European Economic Area (EEA). According to the CPC, the firms produce and market architectural solutions composed of extruded aluminium profiles and stock and customised aluminium profiles. Late in 2022, the two Greek businesses inked the contract without announcing the deal's worth. According to an earlier press...
Hindalco’s Belagavi Works plant in India has been enrolled under the Aluminium Stewardship Initiative (ASI) and given the ASI Performance Standard V2 (2017) Certification. The first alumina refinery in India, Belagavi Works specialises in making calcined alumina, special calcined alumina, alumina hydrate and special alumina hydrate. The plant located in Karnataka was presented with the certification only last week. It produces almost ten dozen vivid grades of alumina portfolios. The plant yields alumina hydrates and special alumina for various non-metallurgical applications like ceramics, refractory, polishing, also for fire retardant filler in polymer composites zeolite and alum. After this successful accomplishment, Hindalco can claim to have three facilities attested under the ASI’s...
The Aluminum Association announced its preliminary estimates for 2022 in the monthly Aluminum Situation report, stating that the aluminium demand in North America (U.S. and Canada) has recorded a 4.8 per cent year-over-year increase in demand. This exceeded the nation's projected 2.7 per cent Gross Domestic Product (GDP) growth in 2022. Although predictions show a rise year over year, the analysis predicts a downturn in demand for the second half of 2022. "Despite some headwinds and softer demand in the second half of the year, this latest data shows an industry built to last. Geopolitical disruptions, supply chain issues and inflationary pressures could continue to pose some challenges in 2023. However, with historic investment in U.S. aluminum manufacturing last year and continued...
Emirates Global Aluminium (EGA) has published its financial and operational results for 2022, reporting a record revenue of AED 34.6 billion ($9.4 billion), up by 36 per cent from AED 25.5 billion ($6.9 billion) in 2021. Net profit also grew significantly to stand the highest ever at AED 7.4 billion ($2.0 billion), up 34 per cent AED 5.5 billion ($1.5 billion) in 2021. Adjusted EBITDA mounted to AED 12.4 billion ($3.4 billion) - 37 per cent higher than AED 9.0 billion ($2.5 billion) in 2021, backed on the average realized LME price of $2,715 per tonne. Cash generated from operating activities was AED 12.7 billion ($3.4 billion), reflecting a 70 per cent surge from AED 7.5 billion ($2.0 billion) a year ago. The company’s revenue grew last year in line with a record sales volume of 2.72...
