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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After more than a week, National Aluminium Company Limited (NALCO) has revised its aluminium selling prices in accordance with the LME aluminium benchmark price trend. As the LME price has been on an upswing spree, NALCO has decided to expand its aluminium ingot and aluminium products prices. So, with effect from May 19, NALCO has raised its aluminium ingot price by INR 16,200 per tonne or 6.7 per cent to INR 255,850 – 259,350 per tonne versus INR 239,650 – 243,150 per tonne on May 10. NALCO’s aluminium wire rod price has also been sharply increased by INR 16,200 per tonne to INR 258,350 – 262,700 per tonne as of May 19. Aluminium billets price has amounted to INR 259,300 – 261,950 per tonne, seeing a raise of IR 16,200 per tonne too from the previous day. The LME aluminium benchmark...
In February 2022, the United States exported 11,600 tonnes of aluminium scrap to India, which on an M-o-M scale heightened by 300 tonnes or 2.65 percent from 11,300 tonnes in January 2022. As per the USGS data, the amount in January had nosedived by 31,000 tonnes or 73.28 percent from 42,300 tonnes in December 2021. On a Y-o-Y comparison, the amount had plunged by 15,600 tonnes or 57.35 percent from 27,200 tonnes in February 2021. In 2021, a total of 442,000 tonnes of aluminium scrap was exported to India from the United States. According to the USGS statistics, in February 2022 US exported a total amount of 34,700 tonnes of aluminium scrap, which on an M-o-M forefront declined by 2,400 tonnes or 7.43 percent from 32,300 tonnes in January 2022. In January 2022, the amount dropped hugely...
A00 aluminium ingot price has increased by RMB 260 per tonne to come in at RMB 20,770 per tonne on Friday, May 20, marking the third consecutive day of rise, found the Shanghai Metals Market (SMM). The average prices are estimated to range between RMB 20,750 per tonne and RMB 20,790 per tonne, with spot contracts to be trade at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. A00 aluminium ingot price has risen the highest in Gyongyi by RMB 270 per tonne, settling at RMB 20,780 for the day. Wuxi and Hang Zhou have recorded RMB 260 per tonne hikes resulting in the ingot prices at RMB 20,770 per tonne and RMB 20,820 per tonne, respectively. Primary aluminium ingot price in Foshan has escalated by RMB 240 per tonne to come in at RMB 20,760 per tonne, while the...
World primary aluminium production in the first quarter of 2022 totalled 16.549 million tonnes, registering a quarter-on-quarter downfall of 0.53 per cent from 16.637 million tonnes, found the International Aluminium Institute (IAI). On a year-on-year calculation, the output in Q1 2022 also recorded a decline by about 1.40 per cent from 16.786 million tonnes. The data revealed as IAI published that world primary aluminium production in March 2022 came in at 5.739 million tonnes compared to 5.150 million tonnes in February. That was a month-on-month increase of 11.44 per cent in March, following a decline in the previous month by about 9.01 per cent from 5.660 million tonnes in January. On a year-on-year basis, world primary aluminium output in March 2022 stood 0.70 per cent less than...
LME aluminium opened at US$2,825 per tonne on Thursday and closed at US$2,938 per tonne, an increase of US$113 per tonne or 4 percent. On Thursday, May 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$19 per tonne or 0.66 per cent after experiencing a hike for four consecutive days. The former settled at US$2,825.50 per tonne, and the latter stopped at US$2,826 per tonne. 3-month bid price and 3-month offer price also declined by US$33.5 per tonne or 1.16 per cent and US$35 per tonne or 1.21 per cent to peg at US$2,839.50 per tonne and US$2,840 per tonne. LME aluminium opening stock halted at 511675 tonnes. Live warrants and Cancelled warrants for the same day stopped at 194175 tonnes and 317500 tonnes. LME aluminium 3-month Asian Reference...
The global leader in the purchasing, processing and manufacturing of non-ferrous metals, Metal Exchange Corporation has made public that it has acquired Medalco Metals Inc., a US-based distributor of light gauge aluminium rolled products. Medalco, founded in 2003 has successfully positioned itself as a strategic partner serving a diverse customer base in the developing automotive, building and flex, and HVAC markets. However, following the competition of acquisition, Medalco will operate as a division of Metal Exchange Corporation. Dwight Klepacki and Larry Dansky, the co-owners of Medalco initiated considering potential buyers for their organization in early 2022. From the start, there was a strong cultural alignment with Metal Exchange – a factor both parties considered key to the...
Vedanta Limited has continued to expand its aluminium ingot and aluminium products prices as the LME aluminium benchmark price records an interrupted growth. With effect from Wednesday, May 18, Vedanta has raised its aluminium ingot price by INR 4,750 per tonne or 1.9 per cent to INR 253,750 – 289,450 per tonne. On the previous day, May 17, the company’s ingot price ranged between INR 249,000 - 284,700 per tonne, seeing a hike of INR 5,750 per tonne. Vedanta’s aluminium wire rod price has also been grown by INR 4,750 per tonne, with effect from May 18, from INR 256,500 – 264,000 per tonne to INR 261,250 – 268,750 per tonne. Aluminium billet price is no exception but seen a rise by the same amount or 1.84 per cent to become saleable at INR 261,750 per tonne. Vedanta increased its aluminium...
On May 19, Hydro reported that it is planning an investment of NOK 320 million in Karmøy aluminium smelter. The plant's 22 kV switchgear will be replaced as part of this investment. The project will begin in the fourth quarter of 2022 and is expected to be completed by the end of 2024. The project, which is slated to be finished in 2024, will include both internal Hydro resources and foreign suppliers. The investment is contingent on a final construction decision in autumn 2022. Apart from this, the investment also includes modernising and upgrading the power supply system as well as the anode rodding facility, which will help the factory maintain its position as a low-carbon aluminium supplier to the European market. “We are investing in the future of Hydro Karmøy, demonstrating our...
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 38,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants, to come in at 965,000 tonnes as of Thursday, May 19. Compared to this Monday, May 16, the inventories have declined by 19,000 tonnes, while that in contrast to April-end descended by 22,000 tonnes. Low arrivals of stocks were the main reason for the inventory decline. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi and Gongyi, primary aluminium inventories have plunged by 28,000 tonnes and 20,000 tonnes, respectively, to come in at 441,000 tonnes and 85,000 tonnes, found SMM. Drop in stock arrivals amid normal cargo pick up was...
Hong Leong Investment Bank Bhd (HLIB) has maintained its “buy” rating on Press Metal Aluminium Holdings (PMetal) at RM5.28, with a lower target price of RM7.59 (down from RM7.71). HLIB forecasted a net profit of between RM420 million and RM470 million for Press Metal in 1Q2022, up 47 per cent to 64 per cent quarterly and 104 per cent to 128 per cent year-on-year. “If met, we would deem the results to be within our expectations as we believe that PMetal is on track to more than double its profits y-o-y in FY22 due to: (i) elevated aluminium prices; (ii) full commissioning of its Phase 3 Samalaju expansion; and (iii) further contribution from its 25%-owned PT Bintan alumina refinery,” said HLIB. Aluminium prices will make a reversal in expectation of an increase in aluminium consumption...
Emirates Global Aluminium has announced on Thursday, May 19, that its Al Taweelah site has again bagged the Aluminium Stewardship Initiative’s Performance Standard Certification for sustainable performance. The recertification covers EGA’s port, power generation, carbon plant, potlines, casthouse, and waste management including spent pot lining and dross. The Aluminium Stewardship Initiative acknowledges the efforts of metals and mining companies as well as end-users of aluminium towards the sustainability of the society. The ASI Performance Standard Certification is now a global benchmark for sustainability performance in the industry. Al Taweelah’s first ASI Performance Standard Certification dates back to 2019. The recertification is the first for an aluminium smelter in the Middle...
Aluminium is a highly recyclable metal that is extensively recycled globally. Recycling aluminium offers several benefits to the environment and economy. Many producers now have targets for increasing the use of secondary materials, since they can save both energy and costs. As per the data revealed, Turkey’s industrial production recorded an average line of 5.42% from 1986 until 2022, reaching an all-time high of 66% in April 2021 and a record low of -31.50% in April 2020, primarily due to the pandemic. However, Turkey’s aluminium scrap export data reveals an unsettled movement towards the export of aluminium scrap in a phase when recycling is industrially trending. The transcontinental country located mainly in Anatolia in Western Asia, Turkey exported 41,757 tonnes of aluminium scrap...
According to a report on Wednesday, May 18, the Odisha government has approved a budgetary provision of INR 428.95 crore for the development of a mega aluminium park in Angul. The state cabinet members took the decision at a meeting chaired by Odisha Chief Minister Naveen Patnaik. The objective is to establish an industrial space with world-class infrastructure at a competitive price to attract entrepreneurs to build manufacturing units in the upcoming business park. The development of the park is under focus sector as per Vision 2025 and being monitored under 5T Framework regularly. Besides the budgetary support, the government has agreed to issue a financial scheme – Financial Assistance for Development of Mega Aluminium Park at Angul for IDCO (Odisha Industrial Infrastructure...
Aluminium Stewardship Initiative announced that KOBELCO group (Kobe Steel Group) has joined as the new production and transformation member. Since its inception in 1905, KOBELCO has collaborated with clients to develop and deliver goods that suit their needs while also advancing society. KOBELCO is involved in a wide range of businesses like aluminium, welding equipment, steel and other advanced materials. “As one of the few manufacturers that provides both steel and aluminum products, Kobe Steel has been operating its business globally. The aluminum-related business is growing in Japan and other Asian countries as well as in North America. As a member of ASI, our company will support the initiative to drive transformation for the global aluminum industry with the aim of contributing to...
According to the government data, China’s aluminium import ratio tumbled by 37.7% in April 2022, compared with the first month of Q1 2021. The cause of this plunge is rooted in the aluminium price hike in the global market and the declining domestic consumption rate in China. Imported products, like primary metal, unwrought aluminium and aluminium alloy, amounted to 281,139 tonnes in April 2021, whereas, this year same month imports reduced by 105,850 tonnes. The last month of Q1 2022 had witnessed an 11.1% import hike than the first month of Q2. The Chinese import of bauxite, the primary material for making aluminium, amounted to 11.13 million tonnes in April, indicating a plunge of 4.9% from the recorded units of March. In Q2 2022 April, the total bauxite ore import resulted in 8.74...
Three-month LME aluminium opened at US$2,881 per tonne on Wednesday and closed at US$2,825 per tonne, down US$57 per tonne or 1.98 per cent. On Wednesday, May 18, both LME aluminium cash bid and LME aluminium official settlement price continued to grow for the fourth day in a row but at a slower pace than the previous day. The former increased by US$9.5 per tonne to US$2,844.50 per tonne, while the latter gained US$9 per tonne to US$2,845 per tonne. 3-month bid price and 3-month offer price climbed up by US$17 per tonne or 0.60 per cent on the same day to come in at US$2,873 per tonne and US$2,875 per tonne, respectively. December 23 bid price and December 23 offer price built up by US$5 per tonne to rest at US$2,813 per tonne and US$2,818 per tonne. LME aluminium opening stock continued...
Constellium SE, the global sector leader that develops innovative, value-added aluminium products for a broad scope of markets and applications is coming to terms with Morf3D, a subsidiary of Nikon Corporation for an additive manufacturing development program using Aheadd CP1 aluminium powder, Constellium’s proprietary additive manufacturing (AM) powder solutions. Alireza Arbab, the Head of Additive Manufacturing for Constellium, “We are very excited to partner with Morf3D, a leading company in additive manufacturing, on the qualification and development of applications using our Aheadd® CP1 aluminium powder.” “Constellium recognized a gap in aluminium powder options for Laser Powder Bed Fusion (LPBF) and has developed new powders specifically for this AM process. We are confident that...
Equispheres AlSi10Mg powders have been certified by Trumpf for use in its TruPrint 3000 line of 3D printers, with two-parameter sets to be provided. Equispheres' aluminium materials may achieve a 13 per cent quicker build rate than ordinary aluminium powder with a standard parameter set. As per the certification, it may also achieve a 33 per cent faster throughput with a 'productivity' parameter set. Both parameter sets are stated to have tensile qualities that are similar to ordinary aluminium powders. Equispheres aluminium powders are made using a technique that produces spherical, very homogeneous particles. The business raised tens of millions of dollars in 2020 to assist the development of its materials, with commercial-scale reactors coming online this year to satisfy growing...
