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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The American automobile megacorporation, Ford Motor Company has joined hands with First Movers Coalition, a worldwide initiative to yield buyable power and create supply chains to initiate early markets for ingenious clean energy innovations, like green aluminium. The company is responsible for producing the maximum amount of vehicles in the US, and also it employs more hour-based workers in the country than any other vehicle maker. Throughout 2030, Ford has proposed to purchase at least 10% near-zero carbon steel and aluminium to achieve carbon-neutrality across all of its automation and supply chains by 2050. Meanwhile, the interim science-based targets are to be achieved by 2035. The Director of Supply Chain Sustainability, Ford, Sue Slaughter reminded us: “Reducing Emissions to carbon...
Aluminium billet inventory in China on May 26 has dropped by 6,300 tonnes or 4.61 percent W-o-W to total at 130,100 tonnes. In provinces like Foshan, Nanchang and Changzhou the inventory has fallen the highest. SMM will keep a close eye on whether demand recovers and whether the destocking trend continues despite the present high aluminium prices. The figure below provides further information on the current state of aluminium billet inventories in China: In Foshan the inventory has slumped by 2,000 tonnes to score at 74,600 tonnes, followed by a hike of 400 tonnes in Wuxi to peg at 18,400 tonnes. The inventory in Changzhou has also plunged by 1,700 tonnes to come in at 16,300 tonnes. Changzhou and Nanchang downstream producers replenished as required and arrival in Foshan have been high,...
National Aluminium Company Limited (NALCO) further increased its aluminium ingot and aluminium products prices, although at a much slower rate than the previous time, in tandem with the growth in the LME aluminium benchmark price during May 19-24. With effect from Wednesday, May 25, NALCO raised its aluminium ingot price by INR 3,200 per tonne to INR 259,050 – 262,550 per tonne, as against INR 255,850 – 259,350 per tonne on May 19. NALCO’s aluminium billets price also saw an increase of INR 3,200 per tonne to INR 262,500 – 265,150 per tonne on May 25 from INR 259,300 – 261,950 per tonne on May 19. With the latest rise, the company’s aluminium wire rod price has been ranging between INR 261,550 – 265,900 per tonne in contrast to INR 258,350 – 262,700 per tonne. During May 19-24, the LME...
Social inventories of primary aluminium in China have decreased by 28,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. That brought the inventories to 937,000 tonnes on Thursday, May 26, which compared to Monday, May 23, were down by 5,000 tonnes. Weak arrivals of stocks against stable outflows led to the further decline in primary aluminium inventories. The chart below indicates the current status of primary aluminium inventories across China in more details: The decline in inventories this we led by Wuxi, wherein stocks have plunged by 26,000 tonnes week-on-week to come in at 415,000 tonnes, followed by the decrease of 8,000 tonnes in Gongyi to 77,000 tonnes. In Shanghai and Chongqing, primary aluminium inventories...
According to preliminary estimates released by the Aluminum Association, as part of its Aluminium Situation report, North American (U.S. and Canada) aluminium demand in the first quarter of 2022 (1Q2022) had increased by 5.3 percent. This comes after an expected 8.2 percent increase in demand through the end of 2021 (up from 7.7 percent before), and amid a period of strong investment by aluminium producers, fabricators, and recyclers in the United States. “The picture for the U.S. aluminum industry remains very strong. Economic recovery, demand for recyclable and sustainable materials and robust trade enforcement are all making America a very attractive place to make aluminum – as evidenced by the fastest pace of investment for the industry in decades,” said Charles Johnson, president &...
PyroGenesis, headquartered in Montreal, Canada, in continuation to their past press release on 20th April , which framed the company's intended activities, has participated in a joint estimation with a leading manufacturer inspecting their zero-emission plasma torches to melt aluminium scrap in holding furnaces for the industry. Though the name of the joint venture partner remains guarded for confidentiality reasons, this merger will open new avenues for the company. PyroGenesis Canada Inc. is a high-tech company that pioneers in making, designing, manufacturing and marketing advanced plasma methodologies and sustainable solutions to reduce greenhouse gases (GHG). These processes are more economically viable than the conventional filthy methods. PyroGenesis has founded, patented and...
The Odisha Industrial Infrastructure Development Corporation (IDCO) is reportedly planning to develop the aluminium business park in Angul near the existing park. An additional 300 acres of land will be acquired beside the existing 223 acres to establish a mega park. The news followed the cabinet budget approval of INR 428 crore for the construction of the proposed mega park a week ago. State industries secretary Hemant Sharma said, “Since the existing aluminium park has been developed on a small patch of land of 223 acres, we want to convert it into a mega aluminium park by developing similar infrastructure over an additional 300 acres of land.” He also said Idco would soon start the land acquisition process to finish the project in next three years. As per the report, the proposed...
The money set aside by the owners of Tiwai Point aluminium smelter for the shutting and cleaning up of the smelter has nearly doubled to $687 million. The main reason for this price jump was to get rid of more than 200,000 tonnes of spent cell lining waste that contains cyanide and toxic fluoride by 2029. The hike in funding from $352 million to $687 million appears to be a positive gesture to the government and community organisations that had previously expressed their reservations about the government's commitment to a complete clean-up. The smelter's owners are discussing with Meridian Energy, the smelter's primary power supplier, about the price of energy the smelter will have to pay to stay open beyond 2024, a trend that has reduced their profit for the year. However, Pacific...
Traditionally, aluminium cans have been used for beverages, but cans are also popular for storing food, oils, chemicals, and other liquids. In addition to being more malleable and lighter than steel cans (aluminium is one-third as heavy as steel), aluminium cans don't rust or corrode. In Argentina, the major industries consist of food processing and beverage, automobile production, textile production, energy production, and mining. The growth in the Argentine beverage sector has also given the cans manufacturing segment a push, which has witnessed a rise in the export demand also. The eighth-largest country in the world, Argentina exported 4880 tonnes of aluminium cans in 2019-21, attracting a revenue inflow of around $32.76 million from the export. In 2019, Argentina recorded 1178 tonnes...
On 25 th May 2022, the leader in the global commodity sector, Trafigura Group Pte Ltd. adhered as a founding member of the First Movers Coalition, which is led by the World Economic Forum and the US government, the First Movers Coalition (FMC) aims the heavy industry and long-distance transport sectors responsible for 30% of global emissions – a proportion expected to inflate to over 50% by mid-century without urgent progress on clean technology innovation. However, the announcement of a vital expansion of the First Movers Coalition was compelled by John Kerry, the US Special Presidential Envoy for Climate alongside Bill Gates, the founder of Breakthrough Energy, at a press briefing hosted by the World Economic Forum at its Annual Meeting 2022. The US President Biden launched the...
On Wednesday, May 25, National Aluminium Company Limited (NALCO), the Navratna CPSE, announced its fiscal report for 2021-22, revealing robust performances and surpass of several milestones. The company said in a regulatory filing that it achieved the best ever annual production and sales during FY2022 and therefore earned highest revenue from operations and highest net profit of INR 14,181 crore and INR 2,952 crore, respectively. Soaring aluminium prices and uptick in global demand led to this multi-fold increase in turnover and consequent profit that soared by 227 per cent year-on-year. For the last quarter ended March 31, the company reported a consolidated profit of INR 1,025.46 crore, an increase of 9.5 per cent from INR 935.74 crore during the corresponding period of the previous...
LME aluminium opened at US$2,889.5 per tonne on Wednesday and closed at US$2,868 per tonne, down US$9 per tonne or 0.31 per cent. On Wednesday, May 25, both LME aluminium cash bid price and LME aluminium official settlement price dropped for the second day by US$51.5 per tonne or 1.78 per cent to settle at US$2,829 per tonne and US$2,829.50 per tonne. 3-month bid price and 3-month offer price declined by US$49.5 per tonne or 1.70 per cent and US$50 per tonne or 1.71 per cent to score at US$2,857.50 per tonne and US$2,858 per tonne. December 23 bid price and December 23 offer price also inched down by US$1 per tonne or 0.03 per cent to close at US$2,822 per tonne and US$2,827 per tonne. LME aluminium opening stock halted at 481650 tonnes. Live warrants and Cancelled warrants for the same...
On Wednesday, May 25, Emirates Global Aluminium (EGA) greeted aluminium industry leaders from all over the world in Dubai at the 50th-anniversary meeting of the International Aluminium Institute (IAI). The International Aluminium Institute brings together the global aluminium industry to promote industry’s activities and responsibilities towards the production of green aluminium and its sustainable usage. IAI has members from all verticals of the industry like bauxite, alumina, and aluminium. The activities of the association are monitored by a Board of Directors, with each member company represented at a senior executive level. After the meet and greet, IAI board members paid a visit to Dubai Electricity and Water Authority’s Mohammad bin Rashid Al Maktoum Solar Park to hear about the...
MetalX, a scrap metal recycler based in Fort Wayne, Indiana, has decided to buy SRT Aluminum’s assets and operations in Wabash, Indiana. As per MetalX, the Wabash factory produces 75,000 tonnes of sow and ingot each year using electric induction and reverb furnaces. As a result of this agreement, MetalX will be able to handle more than 175,000 tonnes of nonferrous scrap yearly. The SRT factory is situated on a 40-acre plot of land that also houses an aluminium shredder and a turnings processing facility. SRT is a secondary aluminium melting operation that produces specified remolten scrap ingots (RSI) in both sow and ingot form from aluminium scrap. “Incorporating aluminum melting capabilities has been a key element of our overall strategy for some time. This acquisition gets us...
Hindalco Industries’ aluminium ingot and aluminium products prices further trended up by INR 2,750 per tonne or 1 per cent, with effect from Tuesday, May 25. That brought the company’s aluminium ingot price to INR 264,500 per tonne versus INR 261,750 per tonne on May 21. Hindalco’s aluminium wire rod price came in at INR 275,600 per tonne, seeing a rise from INR 272,850 per tonne on the previous day. Aluminium billets price stood at INR 278,600 per tonne, in contrast to INR 275,850 per tonne on May 21. Hindalco continued to grow its aluminium ingot and products prices in response to the LME aluminium benchmark price rally by US$32 per tonne from US$2,931 per tonne on May 22 to US$2,963 per tonne on May 23. Aluminium operations of the company, excluding those of its US arm Novelis Inc.,...
CRN, a renowned Italian superyacht builder, has revealed its 52 metres aluminium built yacht, Ciao, after its last week’s launch of a 62-metre superyacht, Rio. The unveiling has taken place at the Ancona Facility belonging to Ferretti Group, Italy’s multinational shipbuilding company. CRN described the yacht as a “tailor-made creation with a strong artisanal stamp” when its interior was divulged in February this year. The boat previously was called CRN 124, and the upgraded version exhibits a toned exterior by Omega Architects and a cosy interior, courtesy of Massari Design. The latter also created the yacht’s outdoor places for recreational purposes. The design ensemble appointed by CRN had plenty of room to develop the yacht’s outlook, now consisting of a 9-metre beam, a capacious...
AMAG, the leading Austrian premium supplier of high-quality cast and rolled aluminium products, has opened the doors to its latest Center for Material Innovation (CMI) research centre and Smart Factory during the Long Night of Research. For the first time, citizens were allowed inside the premises and the number recorded at least 350 intrigued visitors. Answers were given at this station to the question: "Why does aluminium have to stick? (©AMAG) "The Long Night of Research was a complete success for us. Our numerous guests, both young and old, were enthusiastic about the content as well as being able to take away lasting impressions from AMAG at the end of a long day of research,” Leopold Pöcksteiner remarked, the Head of Group Communications. Situated in Übersee am Chiemsee, the AMAG...
Vedanta Limited continued to increase its aluminium products and aluminium ingot prices by INR 2,750 per tonne or 1 per cent, marking the fifth consecutive hike. With effect from Tuesday, May 24, Vedanta’s aluminium wire rod price grew to INR 271,750 – 279,250 per tonne from INR 269,000 – 276,500 per tonne on May 21. Vedanta’s aluminium billet price mounted to INR 272,250 per tonne versus INR 269,500 per tonne on May 21. Aluminium ingot price ranged between INR 264,250 – 299,950 per tonne compared to INR 261,500 – 297,200 per tonne on the previous day. Vedanta Limited increased its aluminium prices on May 24 as the LME aluminium benchmark price rallied further for the second day in a row on Monday, May 23, by US$32 per tonne from US$2,931 per tonne to US$2,963 per tonne. Vedanta’s...
