Atlas Metals Group plc has terminated its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), ending a transaction first announced in June 2025, as the company shifts its acquisition focus towards lithium and graphite assets in Africa and South America. The natural resources and energy company said the decision followed recent due diligence difficulties and actions by UPSA representatives that it believes materially changed the merits and viability of the transaction. Atlas Metals is also seeking to recover material amounts owed to it by UPSA. The proposed acquisition was initially announced on June 17, 2025, with the signing of a conditional share purchase agreement (SPA) disclosed on September 10, 2025. However, the company has now decided to terminate the agreement,...
The third quarter brought a clear improvement in global alumina production. It did not, however, bring production back to the level recorded a year earlier. Global alumina output has reached 114.625 million tonnes in the first nine months of 2026, down 330,000 tonnes or 0.29% (114.955 million tonnes in 2025) year-on-year. China's estimated production increased, but declines across most other reporting regions erased that gain. The quarterly sequence reveals how the production gap has developed. In the July to September 2026 quarter, alumina output reached 39.396 million tonnes, an increase of 5.54% over the preceding quarter. Yet the same quarter in 2025 had delivered 39.675 million tonnes. The latest production total was therefore 279,000 tonnes lower Y-o-Y. The first quarter of 2026...
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Hindalco Industries Limited narrowed down its aluminium ingot and aluminium products prices, with effect from Saturday, June 11, following a hike on June 9. Hindalco’s aluminium ingot price came in at INR 242,750 per tonne, seeing a cut of INR 5,500 per or 2.22 per cent from INR 248,250 per tonne. Hindalco’s aluminium wire rod price also experienced a slash of INR 5,500 per tonne from INR 259,350 per tonne on June 9 to INR 253,850 per tonne on June 11. Hindalco’s aluminium billets price was no exception but also underwent a cut by the same amount to stand at INR 256,850 per tonne. Hindalco reduced its aluminium ingot and aluminium products prices on Saturday in response to the back-to-back downfall in the LME aluminium benchmark price on June 9 and 10 by US$70.50 per tonne to hit...
The subsidiary of Vedanta Aluminium Business and India’s iconic aluminium producer, Bharat Aluminium Company Limited (BALCO) is using biomass briquettes as a fuel mix, to improve the sustainability of thermal power generation. The Korba-Chhattisgarh-based aluminium producer is utilizing 40-50 tonnes of biomass briquettes per day and further plans to augment the quantum of biomass consumption to scale down its dependency on fossil fuel. As a result of this initiative, BALCO's GHG emissions are expected to be diminished by 4.3 lakh tonnes of CO2 equivalent each year, showing a clear path towards Vedanta Aluminium's net-zero carbon target by 2050. Additionally, since these biomass briquettes are made from agricultural waste, under guidelines issued by the Ministry of Power, Government of...
LME aluminium opened at US$2,760 per tonne last Friday and closed at US$2,682.5 per tonne, a drop of US$77.5 per tonne or 2.81 per cent. LME aluminium price has decreased exponentially due to weak economic growth diminishing the metals’ demand in the market. Moreover, the second round of Covid-19 lockdowns in China has been instrumental in the interest rate hike. LME aluminium cash bid price and LME aluminium official settlement price plunged to the lowest in six months on Friday, June 10, by US$57.50 per tonne or 2.09 per cent to stand at US$2,694.50 per tonne and US$2,695 per tonne, respectively. The 3-month bid price fell 2.71 per cent or US$ 75.50 to close at US$ 2,709.50 per tonne, followed by the 3-month offer price losing US$76 per tonne or 2.73 per cent to settle at US$2,710 per...
On Monday, June 13, A00 aluminium ingot price in China halted at RMB 20,100 per tonne, falling sharply by RMB 400 per tonne, as shown in the SMM data. The average price is expected to hover between RMB 20,080 per tonne and RMB 20,120 per tonne, with spot contract to be traded at a discount price of RMB -50 per tonne and RMB -10 per tonne. As per the SMM data, the price in Foshan and Hangzhou has plummeted by RMB 400 per tonne to settle at RMB 20,010 per tonne and RMB 20,150 per tonne, respectively. In Gongyi and Wuxi, the price has plunged by RMB 370 per tonne and RMB 390 per tonne to record at RMB 20,180 per tonne and RMB 20,100 per tonne. The A00 aluminium ingot price in Shenyang and Tianjin has slumped by RMB 400 per tonne and RMB 420 per tonne to stop at RMB 20,100 per tonne and RMB...
According to the Shanghai Metals Market, the average operating rates of aluminium billet producers using aluminium liquid grew by 0.2 percentage point month-on-month to 71.2 per cent in May 2022. In east China (mainly Shandong), north-west and south-west, aluminium billet operating rates exceeded 70 per cent, while dropped in north China by 1.12 percentage points to 54.1 per cent due to failure in securing aluminium liquid from local smelters in Inner Mongolia. However, the situation is likely to improve in June owing to operation resumption at a few billet producers who were closed for maintenance in April. In central China, the average operating rates of aluminium billet producers recorded an increase of 6.86 percentage points month-on-month, bolstered by improved pandemic situation in...
On 10 th June 2022, the Guinea govt. has stated that it has given the bauxite mining companies doing business in the nation another ten days timeline to present the proposals for building alumina refineries , which they were supposed to attain by the end of May 2022. Guinea, one of the world’s leading bauxite producers and exporters has pushed companies to build locally alumina refineries to mechanize its national mineral wealth into economic development. The statement said, "As of today, it has been noted that none of the companies has complied.” Guinea's two top bauxite producers have also been impacted by the alumina refinery demand, Societe Miniere de Boke (SMB) and Compagnie des Bauxite de Guinee (CBG). To date, Guinea has only one alumina refinery, the Friguia refinery owned by...
The end-user sector of the aluminium industry is the most vital one, as this segment’s demand remains highly effective and puts an impact on the global aluminium ecosystem. The end-use sector defines the demand creation for the industry because all the aluminium produced in the world needs to reach consumer/consumers in the form of a product. The shortage of cans became acute during the pandemic, particularly for small-scale craft brewers and beverage producers because many larger manufacturers raised the size of minimum orders or simply stopped working with smaller accounts. The new aluminium cans facility in Nashua, New Hampshire will resolve the supply challenges with its millions of production. As the world is countering the carbon emission challenge, the Vancouver-Canada...
This week, the aluminium downstream sector witnessed some vital occurring, being one of only two suppliers, Aidro received Leonardo's Declaration of Qualification for Additive Layer Manufacturing. While in Australia, Capral Aluminium acquired EDGE Architectural Glazing Systems from Victoria-based Aluminium Industries, this will enable Capral as a dealer of this particular range. A South-Korean automobile component provider, DongShin Motech Ltd, agreed on an investment of $60 million with the Windsor-Essex authorities to construct a 170,000 square-feet aluminium casing factory for lithium-battery makers like LG Energy Solutions and Stellantis. Aidro, a subsidiary of Desktop Metal that creates and markets 3D printing systems, has become a qualified supplier of Leonardo Helicopters'...
The Italian Sea Group has finally taken the wraps off its newly modified 47-meter Perini Navi sailing yacht, flaunting an aluminium hull. Expected to be delivered by 2024, this modified yacht features a wide V-shaped bow that helps it maintain a stable heel angle. It also has a 200-foot carbon-fiber mast that holds a main sail and jib with a combined area of almost 13,000 square feet. Meanwhile, the ingenious new sail management system uses captive winches below deck to track and regulate the sails. A newly developed variable keel draught has improved hull efficiency and seaworthiness even further. When the keel is down, the permanent section of the keel box has been lowered, freeing up the centreboard dimension, allowing for a maximum draught of 11 metres. When the keel is up, the...
The global aluminium primary aluminium segment witnessed a lot of significant changes. To begin with, the news that garnered the most attention this week was the appointment of Satish Pai as the new board chairman of the International Aluminium Institute. Satish Pai is the Managing Director of Hindalco Industries, one of the world’s largest integrated aluminium producers. Also on the occasion of World Environment Day, Vedanta Aluminium’s CEO Rahul Sharma stated that the company's climate measures resulted in a 12% reduction in carbon emissions intensity at several of its smelters in FY2022. Under the market forefront, China produced 3.435 million tonnes of aluminium in May (31 days), up 4.15 per cent over the previous month's 3.298 million tonnes (30 days), says the data from SMM. On...
Vedanta Limited has reduced its aluminium ingot and aluminium products prices by INR 5,500 per tonne or 2 per cent, with effect from Saturday, June 11, following a hike on June 9. That has brought the company’s aluminium ingot price to INR 242,500-275,500 per tonne versus INR 248,000-281,000 per tonne on Thursday, June 9. Vedanta aluminium ingot price on June 9 had seen a rise of INR 4,250 from the previous day. With effect from June 11, Vedanta’s aluminium wire rod price has come in at INR 250,000-257500 per tonne after being slashed by INR 5,500 per tonne. On June 9, the price stood at INR 255,500-263,000 per tonne, up by INR 4,250 per tonne from 251,250-258750 on June 8. Aluminium billets selling price is currently standing at INR 251,500 per tonne, also down by INR 5,500 per tonne...
LME aluminium cash bid price and LME aluminium official settlement price resumed the week on Monday, June 6, with a sharp rise of US$40 per tonne and US$40.50 per tonne to come in at US$2,741 per tonne and US$2,742 per tonne, respectively. On Tuesday, June 7, the prices decreased by US$27 per tonne or 0.98 per cent to close at US$2,714 per tonne and US$2,715 per tonne, but rebounded the next day to US$2,765 per tonne and US$2,765.50 per tonne. On Thursday, June 9, LME aluminium cash bid price and LME aluminium official settlement price again decreased to halt at US$2,752 per tonne and US$2,752.50 per tonne, and further slipped on Friday, June 10, to close the week at US$2,694.50 per tonne and US$2,695 per tonne. 3-month bid price and 3-month offer price also started the week with a hike...
BMW Motorrad has finally revealed its custom BMW R18 Magnifica cruiser at Top Marques Monaco. The BMW R18 Magnifica is reportedly built entirely of aluminium, mahogany wood, and brass, with a custom-built frame and billet aluminium wheels. This massive and powerful motorbike was commissioned by Officine Riunite Milanesi and built by Andrea Radaelli of Radikal Chopper. For the final design of the R18 Magnifica, the designer claimed to have drawn influence from the 1920s, 1930s, and 1940s vintage bikes. According to the motorbike manufacturer, this one-of-a-kind creation has an exceptional appeal that few current motorcycles can match. “The bike has to be my own creation. I don’t feel like dredging up or modifying a concept already set up and done very well by others. Vintage bikes from the...
Averatek, the technology innovator for next-generation electronic capabilities is all set to collaborate with Toyo Aluminium K.K. (Toyo), the developer of eco-friendly aluminium products to manufacture a new catalysed aluminium foil named, Ranafoil destined for A-SAP. The technical void between mSAP HDI PCB and the packaging substrates can be journeyed by Averatek Semi-Additive Process (A-SAP) and the materials mentioned above. This innovation enlarges the scope of material selection for package substrate manufacturing. The Averatek Semi-Additive Process or A-SAP™ can be applied to an infinite range of materials with a thin electro-less base copper layer, differentiating it from the conventional semi-additive processes (SAPs). Liquid Metal Ink or LMI™ constitutes the palladium catalyst...
According to the Shanghai Metals Market, China produced 3.435 million tonnes of aluminium in May (31 days), which registered an increase of 4.15 per cent from 3.298 million tonnes in April (30 days). On a year-on-year basis, the output in May grew 3.6 per cent from 3.32 million tonnes. The daily average production of aluminium amounted to 110,800 tonnes in May’22, up by 800 tonnes month-on-month and 3,900 tonnes on the year. During January-May 2022, aluminium production in China totalled 16.199 million tonnes, a decrease of 0.39 per cent from 16.25 million tonnes during the same period last year. In May, China’s domestic aluminium saw both increase and decrease in supply and a slight hike in production capacity. Enterprises in Yunnan, Guangxi and Henan resumed operations and put new...
As recorded by the Shanghai Metals Market, China’s social inventories of primary aluminium witnessed a downfall on Friday, June 9, across eight primary consumption areas. According to the data provided by SMM, the aluminium ingot inventory fell sharply by 29,000 tonnes week-on-week compared with last Thursday. Yesterday, the primary ingot social inventories stood at 853,000 tonnes in total versus 882,000 tonnes on June 2. SMM also calculated that the inventories as of June 2 were 70,000 tonnes lower than the end of May. Enthusiastic consumption of the metal amid weaker arrivals of stocks led to the decline in inventories on June 9. The chart below refers the current status of primary aluminium inventories across China in more details: The aluminium ingot inventories plunged the highest in...
On Thursday, June 9, Hindalco Industries Limited’s aluminium ingot and aluminium products prices trended up by INR 4,250 per tonne or 1.74 per cent. That brought the company’s aluminium ingot price to INR 248,250 per tonne from INR 244,000 per tonne on June 8. As per the data revealed by the company, Hindalco’s aluminium ingot price underwent a slash of INR 2,000 per tonne or 0.81 per cent on June 8 from INR 246,000 per tonne on June 7. Hindalco also increased its aluminium wire rod price by INR 4,250 per tonne from INR 255,100 per tonne on June 8 to INR 259,350 per tonne on June 9. The price on June 8 was reduced by INR 2,000 per tonne from a day before. The price of aluminium billets expanded by INR 4,250 per tonne as well, with effect from June 9, to halt at INR 262,350 per tonne. The...
The exponential growth in global demand for aluminium has made sustainable management of the metal critical. Aluminium usage in the transportation sector has increased due to the transition to a sustainable society with lightweight electric vehicles. Aluminium recycling is therefore essential to prevent the waste stream from going to landfills. Due to the high energy consumption and waste generation during primary aluminium production, it has a higher environmental impact than secondary aluminium production. Other than the agricultural sector, the strongest sectors industrial sectors of the Serbian economy are automotive, machinery, energy and mining. The automotive and machinery sectors produce a good amount of metal scrap other than post-consumer scrap. The landlocked nation in...
