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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On Tuesday, May 31, Novelis Inc., the world leader in aluminium rolling and recycling, announced the joining to the First Movers Coalition (FMC), a global initiative aimed at decarbonising eight “hard to abate” sectors that account for 30% of worldwide carbon emissions. By joining this platform, Novelis will contribute its effort to reducing carbon emissions from the aluminium manufacturing process, along with many other enigmatic companies from the same industry. The First Movers Coalition (FMC) was launched during the 26th United Nations Climate Change Conference (COP26) in October 2021. Its aim to reduce carbon emissions is expected to reach commercial scale by 2030 and achieve net-zero emissions by 2050. This complements Novelis’ goals to accomplish a 30% carbon footprint cut by 2026...
As per the latest USGS data, the United States imported 2,170 tonnes of aluminium plates, sheets and bars from German in February 2022. On an M-o-M scale, a surge of 100 tonnes or 4.83 per cent was recorded in February, from 2070 tonnes in January 2022. On the other hand in January, the amount of aluminium plates, sheets and bars imported from Germany by the United States plunged by 1,450 tonnes or 41.19 per cent from 3,520 tonnes in December 2021. On a Y-o-Y scale, in February 2022 the amount of US aluminium plates, sheets and bars imported from Germany plummeted by 350 tonnes or 15.23 per cent from 2,560 tonnes in February 2021. The total quantity of aluminium plates, sheets and bars imported from Germany by the United States in 2021 settled at 39,700 tonnes. The total amount of...
The world’s largest bauxite exporter and with huge reserves of other minerals, Guinea has made public the infrastructure development of a $300 million phased Liquefied Natural Gas (LNG) provision and distribution network which incorporates a full-service LNG receiving terminal, a liquefaction plant and an export terminal. The large-scale project, classified the Guinea LNG Project, will be positioned at the Port of Kamsar on the northeastern coast of Guinea and is being unfolded by the West Africa LNG Group – a comprehensive natural gas-based fuels products and services company specializing in customized turnkey solutions for its customers and a purpose-built corporate entity by a development firm, AfricaGlobal Schaffer (AfGS). As a result of new government-led incentives, the move aims to...
Hydro Rein, a renewable energy solutions provider, and Macquarie Asset Management’s Green Investment Group (GIG), a specialist green investor, have signed an agreement to form a joint venture company Feijão. The company will build and operate a combined wind and solar power project, with a capacity of 586 megawatt, in the northeast of Brazil. As per the announcement by Hydro, Feijão will supply 100 per cent of the electricity required by Hydro’s bauxite mine Paragominas and replace the usage of coal at Hydro’s Alunorte alumina refinery by 2030 to further reduce carbon emissions. Both Paragominas and Alunorte have signed a long-term power purchase agreement with Feijão under Brazilian self-production structure. The hybrid wind and solar project is coming up at Piauí and Pernambuco,...
Headquartered in Sweden, Emballator, a packaging unit, has just launched their six mono-material PE or aluminium tubes made with green energy, namely, twist off Recap, twist off Reseal, twist off reclose aluminium and capped aluminium tube models. The entire range was created using mono-material PE, post-consumer recycled aluminium and aluminium. The tubes can be custom made according to medicinal specifications for pharmaceutical uses or standard grades. As the company claims, its products are manufactured by meeting certificate standards of ISO 9001:2015, 15378:2017 and ISA 14001. “Our flagship product in this range is our new Twist off Recap. It is a new tube with an integrated cap solution. This integrated cap reduces the material content by 10% and the optimized manufacturing process...
Nearly nine out of ten (93 per cent) of UK adults want businesses to do more to protect the environment, with the primary responsibility being on businesses to improve their packaging's recyclability. According to a recent study from Every Can Counts, 90 per cent of UK adults believe that companies should only use infinitely recyclable packaging, and 91 per cent believe that businesses should be held accountable for the packaging they use. Fewer than seven in ten (65 percent) think customers should be responsible for the packaging they buy, demonstrating that corporations are not being held accountable for change. Consumers, on the other hand, are devoted to supporting the environmental programmes accessible to them, with 76 per cent prioritising waste reduction and 69 per cent urging...
Vedanta Limited expanded its aluminium ingot and aluminium products prices, with effect from Tuesday, May 31, following a cut last week on May 26. The company heightened its aluminium ingot price by INR 2,750 per tonne or 1 per cent to the range of INR 255,500 – 291,200 per tonne versus INR 252,750- 288,450 per tonne on May 26. Vedanta’s aluminium billets price came in at INR 263,500 per tonne, 260750 on May 31, experiencing an increase of INR 2,750 per tonne from INR 260,750 per tonne. Aluminium wire rod price also witnessed a rise by the same amount to stand at INR 263,000 – 270,500 per tonne. Vedanta Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which during May 26-30 trended up by US$37.50 per...
LME aluminium opened at US$2,885 per tonne on Tuesday and closed at US$2,789 per tonne, experiencing a sharp downfall of $91 per tonne or 3.16 per cent. On Tuesday, May 31, LME aluminium cash bid price witnessed a plunge of US$46 per tonne, while LME aluminium official settlement price slumped by US$46.50 per tonne. That brought the prices to US$2,816 per tonne and US$2,816.50 per tonne, respectively, for the day. 3-month bid price and 3-month offer price also saw a considerable downfall of US$42 per tonne and US$41 per tonne to come in at US$2,848 per tonne and US$2,850 per tonne. December 23 bid price and December 23 offer price experienced a fall of US$40 per tonne to US$2,805 per tonne and US$2,810 per tonne, respectively. LME aluminium opening stock further declined to 458875 tonnes...
Capral Aluminium has pledged to achieve net-zero emissions by 2050. In order to make this happen, Capral will have to achieve net-zero emissions in Scope 1 and Scope 2, with the support of new and breakthrough technological alternatives. The scientific community has said unequivocally that net-zero global CO2 emissions must be achieved by mid-century to keep global warming to 1.5°C and prevent the harmful effects of climate change on human civilization and ecosystems. Carpal's net-zero promise, according to Michael O’Keefe, will first target Scope 1 and Scope 2 emissions. Michael O’Keefe is the General Manager of the Marketing and Technology department at Capral Aluminium. Direct emissions from company-owned and controlled resources are included in Scope 1. In other words, emissions...
Hindalco Industries, an Aditya Birla Group company, recorded a historic profit of INR 13,370 crore in FY2022. The company has decided to expand its downstream segment with the aim of bringing Novelis (the world's largest aluminium firm) in India by reinvesting the profits for the same. This year, the corporation has set aside a capital budget of 3,000 crore, which will be spent mostly on the continuing downstream growth. Given the downstream expansion, Hindalco aims to provide all high-end value-added goods to customers across the globe. Compared to the upstream capacity of Hindalco Industries, which may remain unchanged at 1.3 million tonnes, the downstream output of the company may increase from 400,000 tonnes to 700,000 tonnes in the next five years, says Satish Pai, the Managing...
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has been ascended after back-to-back cuts on May 25 and May 26. With effect from May 31, Hindalco has increased its aluminium wire rod price by INR 2,750 per tonne to INR 266,850 per tonne, following a drop of INR 4,750 per tonne to INR 264,100 tonne on May 26. Hindalco’s aluminium billets price has also been escalated by INR 2,750 per tonne on May 31 to INR 269,850 per tonne after being reduced by INR 4,750 per tonne to INR 267,100 per tonne on May 26. Aluminium ingot price has also witnessed a hike of INR 2,750 per tonne on May 31 to score at INR 255,750 per tonne, as against INR 253,000 per tonne on the previous day. As of May 31, Hindalco has increased its...
RUSAL, the Russian aluminium giant, under the "2022 RUSAL Scholarship" initiative, wishes to educationally aid highly qualified Guinean practitioners, cardiologists, surgeons, nursing specialists and laboratory assistants. The programme will guide 50 Guineans through higher medical education for free in the Krasnoyarsk State Medical University (KrasGMU) and Pharmaceutical College. The scholarship programme will continue for 4 to 9 years, depending on the educational duration of each doctor, and RUSAL will invest a total of USD 3 million for the education of Guinean professionals. RUSAL will look after the candidate's relocation, accommodation and educational bills while paying for the scholarships. The students are being offered internships at the company’s medical centres. People acing...
World alumina production in April 2022 came in at 11.063 million tonnes, registering a downfall of 2.73 per cent from 11.373 million tonnes in March, found the International Aluminium Institute. However, the output in March registered a month-on-month hike of 12.43 per cent from 10.116 million tonnes. On a year-on-year basis, world alumina production in April also stood 4.65 per cent lower than 11.603 million tonnes, according to IAI data. In the first four months of the year, world alumina production totalled 44.181 million tonnes, a decrease of 3 per cent from 45.546 million tonnes during the same period last year. In China, alumina production in April 2022 amounted to 6.077 million tonnes, recording a month-on-month decline of 3.23 per cent from 6.280 million tonnes. On a year-on-year...
The usage of recycled aluminium has also entered our daily lives through beverage cans and electronic gadgets like iPad. Companies like Coca-Cola, PepsiCo, and Apple are now using used aluminium in their products as a way to demonstrate their commitment to green manufacturing. As a result, consumers should be able to lead their life knowing their gleaming new purchase has done some good for the environment. Aluminium recycling is gaining momentum in Hungary, as lately Hydro built a new recycling facility in Szekesfehervar and Hungary-based Audi Hungaria Zrt operation is focusing on its own aluminium scrap in regards to reducing emissions and a step further to green. Hungary with a Human Development Index (HDI) of 0.854, counts as one of the highly developed economies by UN definition,...
The globally integrated aluminium producer, Press Metal, with its largest presence in South East Asia recorded augmented sales and earnings for the first quarter till 31st March 2022. The firm’s revenue ascended to 86.6% Y-o-Y in 1Q 2022 to reach RM 3.92 billion, and the net profit heightened by 104.7% Y-o-Y to RM 421.02 million on the ground of higher production and soaring sales price. The European market facing the challenge of an extensive rise in energy prices has hindered production in the region, however, Press Metal believes that the market situation will probably get better in the coming years. Tan Sri Paul Koon, the CEO of Press Metal Aluminium, confirmed that the company would take full advantage of the prevailing market scenario to boost sales. He also said: “Market fluidity...
LME aluminium opened at US$2,885 per tonne on Monday and closed at US$2,880 per tonne, an increase of US$11.5 per tonne or 0.4 per cent. On Monday, May 30, LME aluminium cash bid price and LME aluminium official settlement price settled at US$2,862 per tonne and US$2,863 per tonne, after witnessing a hike of US$39.5 per tonne or 1.39 per cent and US$40 per tonne or 1.41 per cent. 3-month bid price and 3-month offer price went on to ascend by US$45 per tonne or 1.58 per cent and US$44 per tonne or 1.54 per cent to peg at US$2,890 per tonne and US$2,891 per tonne. As per the LME price sheet, December 23 bid price and December 23 offer price, both of them experienced a growth of US$40 per tonne or 1.42 per cent to halt at US$2,845 per tonne and US$2,850 per tonne. LME aluminium Opening stock...
As a major step to enhance passenger safety and comfort, Indian Railways' Northeast Frontier Railway (NFR) zone has switched from traditional rakes to LHB rake designs in order to revamp passenger safety and comfort. The Linke Hofmann Busch (LHB) coaches are the passenger coaches of Indian Railways that were developed by Linke-Hofmann-Busch of Germany and mostly produced by Rail Coach Factory in Kapurthala, India. The Indian Railways also stated once that the LHB coaches are manufactured with anti-collision technology which causes less fatality during accidents. However, these coaches are made of light-weight, low corrosive stainless steel and have higher carrying capacity, speed potential, and better safety features as compared to ICF coaches. Aluminium is used for interiors, making the...
Ontario, Canada based Exco Technologies Limited witnessed a significant increase in its short interest, with the total amounting to 111,400 shares as of May 15, up by 60.5 per cent from 69,400 shares recorded on April 30. The days-to-cover ratio is now 222.8 days, based on an average trading volume of 500 shares. Exco Technologies Limited is a global supplier of innovative technologies servicing the aluminium die-cast, extrusion and automotive industries. On Friday, the shares of Exco Technologies started at $6.68. Exco Technologies had a low of $6.42 and a high of $9.11 for the last year. The company's 50-day and 200-day simple moving averages are $7.00 and $7.35, respectively. As per a research note released on February 3, BMO Capital Markets lowered its price target on Exco...
