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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In the face of rising energy prices, Europe's major aluminium smelters are continuing to reduce output. Over the last year, the region's output of light metal has decreased by an annualised 550,000 tonnes, with the decline continuing. With European smelters already grappling with the rising electricity costs, the geopolitical crisis has further worsened the region's energy crisis, with forward electricity prices hitting new highs regularly. The cost of operating Europe's aluminium smelters is constantly growing, with no prospect of respite in sight. According to the International Aluminium Institute's latest estimate, Western European primary aluminium output was 244,000 tonnes in April. Since the beginning of 2022, aluminium output in Eastern Europe has also decreased. April output was...
HK Sons, a Chinese firm in the business of aluminium, copper and iron exporting to china’s capital city, Beijing has terminated functionalizing in Gwadar city of Pakistan. It is reported that H K Sons is one of the leading investors in Pakistan’s Gwadar city located on the southwestern coast of Balochistan. Recycling is the process of collecting and processing materials that would have been thrown away as trash, while converting them into fresh products. The company in the recycling business also imports machinery from Europe and other international nations for various projects. As per our report, the company was working on four projects in Balochistan where it recycles aluminium among other commodities like copper and plastic, while later on, the company exported the recycled products to...
The amount of aluminium plates, sheets and bars imported from Japan by the United States in February 2022 soared up by 3,209 tonnes or 445.07 per cent M-o-M, from 721 tonnes in January 2022. The amount for February 2022 settled at 3,930 tonnes. However, in January, an M-o-M downfall of 4,349 tonnes was recorded from 5,070 tonnes in December 2021. In February 2021, the number of aluminium plates, sheets and bars imported from Japan by the United States settled at 2,040 tonnes, which on a Y-o-Y comparison heightened by 1,890 tonnes or 92.64 per cent in February 2022. The total amount of aluminium plates, sheets and bars imported from Japan by the United States in 2021 closed at 46,800 tonnes. Based on the USGS statistics, in February 2022, the US imported a total amount of 107,000 tonnes of...
Hydro’s aluminium plant in Commerce, Texas, is now certified to produce Hydro CIRCAL, a low-carbon recycled aluminium product containing at least 75 per cent post-consumer, end of life scrap. The plant is Hydro’s first in the United States certified to produce Hydro CIRCAL. The news came after the independent risk management and quality assurance company DNV-GL issued the certificate for production on May 18, 2022. It will increase the production of Hydro CIRCAL to meet the growing demand for aluminium in the automotive and transportation sector as auto manufacturers are switching to electric vehicles. The initial annual production of the plant is expected to be around 4,000 tonnes. Trond Gjellesvik, President of Hydro Aluminum Metal, North America, said: “With auto manufacturers...
According to the aluminium industry experts, Indonesia's decision to ban sending out bauxite, an essential input for aluminium, will have no genuine effect on the Chinese aluminium sector, as aluminium producers have expanded their sources and fortified the utilization of aluminium recycling. Bahlil Lahadalia, the Minister of Investment/Chairman of Indonesia Investment Coordinating Board lately said, “The government would ban exports of bauxite this year to support the development of the downstream mining industry. The minister did not give an exact time for the ban to take effect.” The communication apprehended the consideration of the industry precisely for the potential interruptions in China's aluminium supply, particularly for a few downstream businesses such as electric vehicles and...
Three-month LME aluminium opened at US$2,957 per tonne on Tuesday and closed at US$2,877 per tonne, down US$78 per tonne or 2.64 per cent. Both LME aluminium cash bid price and LME aluminium official settlement price decreased on Tuesday, May 24, after two consecutive days of hike. While the former slumped by US$81.50 per tonne or 2.75 per cent to come in at US$2,880.50 per tonne, the latter plummeted by US$82 per tonne or 2.77 per cent to settle at US$2,881 per tonne. 3-month bid price and 3-month offer price also recorded a sharp downfall of US$66 per tonne and US$67 per tonne to close at US$2,907 per tonne and US$2,908 per tonne, respectively. December 23 bid price and December 23 offer price slipped by US$32 per tonne or 1.12 per cent to record at US$2,823 per tonne and US$2,828 per...
The Norwegian aluminium company, Norsk Hydro has stated by delivering a statement that there is a possibility to shut down its majority-owned aluminium smelter in Slovakia without the government in the nation coming out to support financially through the carbon compensation scheme. The Slovalco aluminium smelter is 55.3% owned by Norsk Hydro and the remaining 44.7% is held by Penta Investments Group, with the capacity to produce 175,000 tonnes per year of aluminium already operating only at a 60% capacity of 105,000 tonnes. Due to record high electricity prices, aluminium smelters in Europe have reduced production by 800,000 to 900,000 tons annually in recent months. As a result, the transport, packaging, and construction industries have experienced deficits and higher prices for...
The Gulf aluminium giant, Emirates Global Aluminium (EGA) and the American energy technology company, GE Power, have successfully collaborated on the up-gradation of four readily installed GE 9F gas turbines at the EGA’s Al Taweelah power plant. This notion will help contain the severity of the greenhouse gas emissions, aiding UAE in achieving its proposed Net-Zero strategic initiative by 2050. With a similar amount of fuel utilised, the upgraded facilities will generate 72 megawatts (MW) more power than what they used to produce with those four turbines. Greenhouse gas emissions would be lessened by 74,000 tonnes annually to yield the previous power output of 920 MW which is parallel to the removal of 16,000 cars from the roads of the UAE. Ge Power’s Advanced Gas Path (AGP) enhancement...
Sandvik has signed a deal to acquire Preziss, a cutting tool and solution provider for aluminium and composite machining, specialising in high-precision drilling, reaming, milling, and tooling systems located in Spain. Sandvik will boost its portfolio in the lightweight automotive components market with the purchase of Preziss. Sandvik Coromant, a branch of Sandvik manufacturing and machining solutions will report on the firm. The deal is scheduled to conclude in the third quarter of 2022, subject to usual closing conditions. "The acquisition of Preziss is aligned with our strategy to grow in lightweight materials and strengthen our position in the automotive aluminum segment by building a complete product and service offering. We look forward to welcoming Preziss to the Group," said...
China customs data found the country’s aluminium plate/sheet and strip exports in April 2022 stood at 329,000 tonnes, registering a month-on-month increase of 1 per cent and a year-on-year rise of 52 per cent. Exports to the top 10 destinations were 189,200 tonnes, which accounted for 57.49 per cent of China’s total exports of aluminium plate/sheet and strip. To Mexico and South Korea, the two leading destinations, China exported 44,000 tonnes and 34,400 tonnes of aluminium plate/sheet and strip, respectively. Henan, Shandong, Fujian, Zhejiang, Jiangsu, Shanghai, Tianjin and Guangdong were the eight other top importers of China’s aluminium plate/sheet and strip. Some of the Chinese provinces like Jiangsu, Zhejiang, and Shanghai registered a month-on-month drop in exports to 57,200 tonnes...
Consumer Convenience Technologies (CCT) reported that the new aluminium lug jar lid of CCT’s EEASY Lid will be displayed to the European markets at the PLMA’s annual "World of Private Label" international trade show in Amsterdam on May 31-June 1. CCT’s unique EEASY Lid can be opened easily by pushing a button on the lid, which means that the torque needed to twist off a jar lid is decreased by more than 58 per cent for the classic lug lids and by 40 per cent for ordinary continuous thread (CT) lids. CCT announced that it will be making the world's first aluminium lig lid, which further will be available in both lug and CT variants, both of which will made using aluminium. “By raising awareness of the EEASY Lid at PLMA, we will have the opportunity to show that consumers are willing to...
Novelis (China) Aluminum Products Co., Ltd. has reportedly bagged the ASI Performance Standard V2 (2017) Certification for its production facility in Changzhou National Hi-Tech District, Jiangsu Province, China. The plant produces high-strength and lightweight aluminum sheet for use in full structural frames, hoods, doors, fenders, and many other components. The news came after ASI officially announced successful certification to Novelis Changzhou production facility on Tuesday, May 24. The ASI Performance Standard defines environmental, social and governance principles and criteria, aiming at addressing sustainability issues in the aluminium value chain. With 59 criteria under three sustainability pillars of Governance, Environmental and Social, ASI addresses key issues, such as...
The General Administration of Customs found China’s total exports of prebaked anode reached 185,500 tonnes in April 2022, which were 8.22 per cent higher month-on-month and 63.86 per cent year-on-year. Export value amounted to US$192 million, with a unit price of $1,035.81 per tonne. China exported its lion share of prebaked anode to Malaysia in April 2022, a volume of 48,700 tonnes which accounted for 26 per cent of the country’s total export volume. The value of the export to Malaysia stood at almost US$42 million, with a unit price at US$855.24 per tonne. Norway was the second leading destination for China’s prebaked anode exports, securing 33,600 tonnes. That accounted for 18 per cent of China’s total exports, with a value of US$36.5 million and a unit price of US$1,087.18 per tonne....
Anderton Castings, one of the leading providers of aluminium die-cast and machined components for the automobile industry, has joined Aluminium Stewardship Initiative (ASI) as its new industrial user member. Anderton manufactures aluminium components for the automotive, non-automotive and critical infrastructure industries. The company also provides engineering, design and machine services. Apart from this, for OEM and Tier One clients in the automotive, on-off highway, commercial, and critical industries they have good experience and knowledge in automotive manufacture and applications, engineering, design, simulation, validation testing, and programme management. “Anderton Castings manufactures aluminum components for the automotive, industrial and critical infrastructure industries and...
The Jamaican Transport and Mines Minister, Audley Shaw stated that the Russian aluminium giant and one of the leading producers of aluminium in the world, Rusal has kept its commitment to payments to Jamaica as a part of a 2021 agreement to pay off production taxes it obliges to the government. The minister further added by saying “Rusal has so far paid about 45% of a $35 million bauxite production tax it owes Kingston. They are up to date with their payments and they have been consistent." “As part of the 2021 deal, Rusal paid the government 40% of the debt upfront last fall and then agreed to make 30 monthly payments starting in November 2021. They stuck to the deal.” The geopolitical tension has levied international sanctions on some Russian-based companies. However, Rusal does not...
According to the Shanghai Metals Market, social inventories of primary aluminium in China decreased by 42,000 tones week-on-week across eight major consumption areas, including SHFE warrants, to come in at 942,000 tonnes as of Monday, May 23. Compared to last Thursday, May 19, primary aluminium inventories declined by 23,000 tonnes and from the end of April shrank by 21,000 tonnes. Low arrivals of stocks and normal shipments out of warehouses caused the decline in inventories. The chart below indicates the current status of primary aluminium inventories across China in more details: In terms of region, Wuxi and Gongyi contributed most of the decline on Monday, May 23. In Wuxi, inventories plunged by 14,000 tonnes from Thursday and 28,000 tonnes from last Monday to stand at 427,000 tonnes,...
LME aluminium opened at US$2,975 per tonne on Monday and closed at US$2,955 per tonne, down US$14.5 per tonne or 0.49 percent. On Monday, May 23, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$32 per tonne or 1.09 per cent to settle at US$2,962 per tonne and US$2,963 per tonne, respectively. 3-month bid price and 3-month offer price also soared up by US$40 per tonne or 1.36 per cent to score at US$2,973 per tonne and US$2,975 per tonne. December 23 bid price and December 23 offer price increased by US$10 per tonne or 0.35 per cent to record at US$2,855 per tonne and US$2,860 per tonne. LME aluminium opening stock came in at 497250 tonnes. Live warrants and Cancelled warrants for the same day scored at 194175 tonnes and 303075 tonnes. LME...
The renowned development partner and direct supplier to the global automotive industry and a leading international systems provider for security technology, Rheinmetall jointly with its Chinese joint venture KPSNC, has bagged a major order for transmission housings from a world-leading producer of electric vehicles. Millions of transmission housings will be manufactured during the six-year contract. KPSNC, the joint venture of Rheinmetall and its Chinese partner HUAYU Automotive Systems Co Ltd (HASCO) operate in Shanghai and will produce the housings. However, the total order value is in the low three-digit million euro range. Exactly nine months after a recognizable American customer placed the order in March, serial production will start in the middle of 2022. This American company also...
