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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According to a report published by the European Aluminium Foil Association, the first quarter of 2022 witnessed robust domestic demand for European aluminium foil rolls, countervailing a continuing decline in exports. Demand in the larger domestic market segment grew by 5 per cent in the quarter, with a total production volume 0.2 per cent higher Y-o-Y to 244,700 tonnes. Exports dropped sharply by 27 per cent as pressures on several non-domestic fronts continued to weigh. European demand for thin gauges, used mainly for flexible packaging and other kitchen applications, recovered considerably with a hike of 9 per cent in Q1 2022. That was higher than the 6 per cent of growth seen in the previous quarter and the overall rising trend of 3 per cent last year. The packaging industry...
According to the latest USGS statistics, in February 2022, the United States imported 4,270 tonnes of aluminium plates, sheets and bars from South Africa, which went on to nosedive by 2,510 tonnes or 37.02 percent from 6,780 tonnes in January 2022. However in January, there was a hike of 3050 tonnes or 81.76 percent from 3,730 tonnes in December 2021. On a Y-o-Y calculation, the US aluminium flat rolled products imports from South Africa in February 2022 jumped higher by 3,616 tonnes from 654 tonnes in February 2021. In 2021, the total amount of aluminium plates, sheets and bars imported from South Africa settled at 42,000 tonnes. In February 2022, the total amount of aluminium plates, sheets and bars imported by the United States halted at 107,000 tonnes, which went on to decline majorly...
LME aluminium opened at US$2,867 per tonne last Friday and closed at US$2,868.5 per tonne, an increase of US$2.5 per tonne or 0.09 per cent. LME aluminium cash bid price and LME aluminium official settlement price settled at US$2,822.50 per tonne and US$2,823 per tonne, respectively, both experiencing a decrease of US$2.5 per tonne or 0.08 per cent, as of May 27, Friday. 3-month bid price and 3-month offer price for the same day declined by US$11 per tonne or 0.38 per cent, and US$10 per tonne or 0.35 per cent to score at US$2,845 per tonne and US$2,847 per tonne, respectively. December 23 bid price and December 23 offer price shrank by US$8 per tonne or 0.28 per cent to stop at US$2,805 per tonne and US$2,810 per tonne. LME aluminium opening stock dropped by 4575 tonnes or 0.96 per cent...
On 27 th May 2022, the first aluminium smelter in the Middle East, Aluminium Bahrain (Alba), as a part of the effort to increase its presence in the Asian-Pacific market, opened a sales office in Singapore. An official inauguration took place for the new sales office and was done by the Chairman of Alba’s Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, during a ceremony that was held in the presence of Alba’s Chief Executive Officer, Ali Al Baqali, as well as its Chief Marketing Officer, Khalid A. Latif, and Director Marketing MEA – Asia, Hisham Al Kooheji as well as VAP Marketing Manager Shoji Takeuchi who looks after the operations of the Singaporean office. Shaikh Daij bin Salman bin Daij Al Khalifa, while speaking at this event said, “Our expansion into Singapore marks...
On Saturday, May 28, Nordische Technologies announced the development of the world’s first Aluminium-Graphene pouch cell battery in collaboration with the Central Institute of Petrochemicals Engineering and Technologies (CIPET). The Aluminium-Graphene cell battery will be used for consumer electronics, gadgets, and future EV technology. This cell battery is the world's quickest charging, non-toxic, non-flammable, non-lithium and noncobalt battery with long cycle life. "This innovative Aluminum-Graphene pouch cell and future EV battery is the result of our extensive research over the past five years. It is a lightweight, high performance battery with a shelf life of five to seven years. These rechargeable, non-toxic and recyclable batteries can be charged over 3,000 cycles," said...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Hindalco Industries Limited books a record profit for FY22, attributing to robust performance in the downstream business. According to the TRA, aluminium extrusion products are imported from China and dumped into the UK at unfair prices and injuring the industry. The acquisition of Preziss by Sandvik is aligned with the company’s strategy to grow in lightweight materials and strengthen its position in the automotive aluminium segment by building a complete product and service offering. On Thursday, May 26, Hindalco Industries Limited reported the consolidated fourth quarter and full-year financial results for 2021-22, revealing the highest-ever profits. Its...
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne to INR 264,100 per tonne on May 26. So in total, the price saw a slash of INR 11,500 per tonne in two days. Hindalco’s aluminium billets price also saw a cut of INR 4,750 per tonne on May 26 to INR 267,100 per tonne after being reduced by INR 6,750 per tonne to INR 271,850 per tonne on May 25. Aluminium ingot price was also cut by INR 6,750 per tonne on Wednesday, May 25, to INR 257,750 per tonne and witnessed a trim of INR 4,750 per tonne the next day to INR 253,000 per tonne. Hindalco...
OCTA International Company, a multinational firm in the business of technology solutions to the oil & gas sector based in Egypt, has signed a memorandum of understanding (MoU) with aluminium products Company (ALUPCO), a counterpart of the Saudi Olayan Group. Through the amendment of this agreement, ALUPCO will aid OCTA in setting up a factory to produce aluminium items that will be utilised in the construction sector, as was reported by the State Information Services (SIS). OCTA is administered by a group of highly skilled experts with profound years of experience in both on-field and table, leading innumerable teams and management businesses worldwide. They also have been taking part in operations and development of the business opportunities and programmes. The Egyptian Minister of...
The aluminium industry is slowly taking its step toward a greener and more sustainable environment. For example, to minimize greenhouse gas emissions, GE Power had signed a contract to upgrade Emirates Global Aluminium’s (EGA) Al Taweelah power plant gas turbines. This idea will assist the UAE to achieve its intended Net-Zero strategic objectives by 2050 by limiting the severity of greenhouse gas emissions. Not only this, EGA had also hosted a meeting with the global aluminium industry executives to explore how to decarbonize electrical generation and achieve net-zero emissions by 2050. Under the market forefront, on Monday, May 23, the benchmark aluminium price for SHFE increased by US$39 per tonne to US$3,129 per tonne, and then dropped by US$9 per tonne the next day to US$3,120 per...
QEM Ltd successfully has commissioned a pilot plant to evaluate the production of oil shale and vanadium pentoxide with resources from its flagship in north-western Queensland, the Julia Creek Project. QEM is an Australian producer of vanadium pentoxide and energy. The company is supposed to inspect the extraction process of high purity alumina (HPA), a critical metal used in the battery making industry. Luckily enough, the Julia Creek plant has abundant resources at its main working facility. The provisional pilot plant has been installed at the Melbourne headquarters of the HRL Technology Group and will continue operating for six months until the commercial demonstration plant construction completes. Gavin Loyden, the Managing Director of QEM, has declared that the pilot plant...
The LME aluminium benchmark price has showcased a downswing this week after a prolonged period of hikes. Although both the LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, May 23, with a jump of US$32 per tonne to US$2,962 per tonne and US$2,963 per tonne, the prices began to decrease from the next day US$81.50 per tonne and US$82 per tonne, respectively, to come in at US$2,880.50 per tonne and US$2,881 per tonne. On Wednesday, May 25, both LME aluminium cash bid price and LME aluminium official settlement price extended decline to US$2,829 per tonne and US$2,829.50 per tonne and moved further down to US$2,825 per tonne and US$2,825.50 per tonne on Thursday, May 26. On Friday, May 27, both the LME prices slipped to US$2,822.50 per tonne...
Shelby Cobra CSX4000 Series Roadster with a hand-crafted aluminium body will be up for auction next month. The sporty two-seater is based on a 1965 model, although it was created in the early 2000s to commemorate the Shelby Company’s 40th anniversary. The unusual automobile will be auctioned off by Mecum Auctions in Tulsa from June 9 through June 11. This Cobra is one of just five with a magnificent hand-crafted, polished aluminium body and is number 29 of 40 ever manufactured as homage to the original vehicle. The vehicle is powered by an all-aluminium Shelby 427 FE Stroker V-8 engine that produces 535 horsepower and 545 ft lbs of torque. The history of the Shelby Cobra dates back to 1961, when Carroll Shelby fitted a Ford V-8 engine and a Borg-Warner T-10 four-speed gearbox in a vintage...
UAE’s largest industrial organisation, excluding gas and oil, Emirate Global Aluminium (EGA), has declared today a venture with the American University of Sharjah’s College of Engineering to study the beneficial qualities of re-using food waste to enhance the soil manufactured from bauxite residue. The research aims to find if the intermixing of food waste, biochar and bauxite residue would give birth to a fertile soil easily applicable in vegetation and other production facilities. EGA cooperates with the American University of Sharjah in the second phase of development within the duration of the three-year research project on the re-utilisation of bauxite residue, a by-product of the alumina extraction process. Three extensive years of hard work resulted in the joining of two...
Specialty Enterprises, North America's leading maker of aluminium spray booms for agricultural purposes, has been bought by CNH Industrial. According to Specialty, aluminium spray booms may be up to 50 per cent lighter than steel versions, weighing between 2,000 and 3,000 pounds less. This leads to improved weight distribution, which means less compaction and rutting on the field. Specialty has been a supplier to Case IH since 2020 and has one production plant in Wautoma, Wisconsin. According to CNH Industrial, this purchase of spray boom manufacturing is part of Case IH's long-term plan for its sprayer product selection. “We are thrilled to be working so closely with Specialty, which has been a fantastic partner to Case IH over the last few years as we deliver more productive application...
Manna Capital Partners, a financial advisory and wealth creation company based in Louisville, Kentucky, is reportedly diversifying into aluminium can sheet roll sector. The news came on Thursday, May 26, following an announcement that Manna Capital, in alliance with the world-leading aluminium beverage packaging company, will construct and operate a state-of-the-art aluminium can sheet rolling mill and recycling centre in Los Lunas, New Mexico. As per the report, Ball Corporation is willing to enter into a long-term supply agreement and intends to hold a minority equity position in the mill. Alliance like this will allow Ball Corporation and its customers to access more domestically produced aluminium can sheet. This new alliance in town demonstrates both the companies’ commitment towards...
In February 2022, Greece exported 2,030 tonnes of aluminium plates, sheets and bars to the United States, which on an M-o-M scale dropped by 270 tonnes from 2,300 tonnes in January 2022. However, in January 2022, a surge of 100 tonnes or 4.54 per cent was recorded from 2,200 tonnes in December 2021. On a Y-o-Y comparison, the amount of aluminium plates, sheets and bars imported by the US from Greece in February 2022 augmented by 600 tonnes or 41.95 per cent from 1,430 tonnes in February 2021. In 2021, the US imported a total of 1,290,000 tonnes of aluminium plates, sheets and bars from Greece. As per the USGS data, in February 2022, a total amount of 107,000 tonnes of aluminium plates, sheets and bars were imported by the United States from Greece. On an M-o-M calculation, the amount...
On Thursday, May 26, Hindalco Industries Limited reported the consolidated fourth quarter and full-year financial results for 2021-22, revealing highest-ever profits. Its consolidated PAT peaked to a record high at INR 3,851 crore in 4QFY22, a 100 per cent growth year-on-year. In the entire year, consolidated PAT increased four-fold to INR 13,730 crore, driven by exceptional performance supported by favourable macros, strategic product mix and an improved performance by the downstream business. Continuing to be the highest EBITDA margin producer of aluminium, Hindalco recorded a 30 per cent growth in Q4 EBITDA to INR 7,597 crore and a 59 per cent surge in full-year EBITDA to INR 30,056 crore. Novelis' adjusted EBITDA for the full financial year was recorded at $2.0 billion, up 19 per cent...
LME aluminium opened at US$2,875 per tonne on Thursday and closed at US$2,866 per tonne, down US$2 per tonne or 0.07 percent. On Thursday, May 26, both LME aluminium cash bid price and LME aluminium official settlement price moved down for the third day to settle at US$2,825 per tonne and US$2,825.50 per tonne, after witnessing a drop of US$4 per tonne or 0.14 percent. 3-month bid price and 3-month offer price also went down by US$1.5 per tonne or 0.05 percent and US$1 per tonne or 0.03 percent to score at US$2,856 per tonne and US$2,857 per tonne. December 23 bid price and December 23 offer price declined by US$9 per tonne or 0.31 percent to total at US$2,813 per tonne and US$2,818 per tonne. For the same day, LME aluminium opening stock halted at 475650 tonnes. Live warrants and...
