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 the Shanghai Metals Market, social inventories of primary aluminium have declined over the weekend ending May 16 by 19,000 tonnes or 1.89 per cent across eight major consumption areas, including SHFE warrants. On a year-on-year calculation, the inventories are down by 77,000 tonnes coming in at 984,000 tonnes. This has also marked a month-on-month downfall of 55,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Inventory in Wuxi has declined the most on Monday, May 16, by 14,000 tonnes to stand at 455,000 tonnes, followed by the decrease of 8,000 tonnes in Gongyi to 97,000 tonnes. In Hangzhou and Chongqing, inventories have inched down by 1,000 tonnes to settle at 55,000 tonnes and 5,000 tonnes,...
Richardson Devine Marine Constructions (RDM) is one of Australia's most renowned aluminium shipbuilders, with a reputation for building a diverse range of craft. Commercial operators worldwide seek out its passenger ferries, luxurious overnight cruise vessels, and offshore workboats. Built to client specifications, they include the ever-popular MONA ferry, which is decked out as an "evil billionaire's lair" to transport visitors between Hobart and the Museum of Old and New Art. In 1989, Ron Devine and his business partner Toby Richardson initiated their business from a waterfront Hobart warehouse. They now work with a 55-strong team from a purpose-built shipyard within Tasmania's shipbuilding zone on the shores of Prince of Wales Bay. The 1500-square-metre construction facility lets RDM...
Together with Northvolt, Hydro has come up with Hydrovolt, a battery recycling joint venture, which has begun commercial recycling operations at its facilities in Fredrikstad, Norway. Considered Europe’s largest electric car battery recycling operation, Hydrovolt has the capacity of processing 12,000 tonnes of battery packs per year or around 25,000 EV batteries. With the factory up and running, Norway now has a long-term option for handling the full volume of electric car batteries approaching end-of-life. Up to 95 per cent of battery metals, including aluminium, plastics, copper, and black mass, a powder comprising nickel, manganese, cobalt, and lithium, may be recovered from batteries using Hydrovolt's fully automated recycling process, which will be given to Northvolt for further...
Aluminium stocks in the London Metal Exchange have decreased to a record low but the sign of supply shortages has yet not wobbled the bearish sentiment of the global metal price anticipating weaker demand in the near future. According to the data shown by London Metal Exchange, on-warrant aluminium inventories have dropped 9.7 per cent to total 260,275 tonnes, surpassing the previous low in the year 2000. Stockpiles have plummeted by 63 per cent this year, approaching towards a record annual decline and deepened deficit, due to robust demand amid production curtailments. But despite the incessant fall in stocks, the LME aluminium price has retreated from the earlier gains, which indicates the fact that the industry focus is now on the risks of low demand. The mood in metals markets has...
Aluminium is an essential element of the ‘Green Economy’. In total, aluminium scrap had a global trade value of $11.2 billion, which placed it 283rd among the world's most traded products. Aluminium scrap ranks 796th in the Product Complexity Index (PCI). A nation with a diversified industrial economy, Italy imported 1.95 million tonnes of aluminium scrap during 2019-21, incurring a revenue outflow of $1.90 billion for the import. The ninth-largest economy in the world, Italy imported 655,934 tonnes of aluminium scrap in 2019, counting revenue expenditure of $506 million, whereas, in 2020 the import demonstrated a decline by 3.18%, as the import volume dropped to 635,061 tonnes, while expenditure excelled to $624 million. The production of secondary aluminium in Italy was recorded at...
Hindalco Industries Limited raised its aluminium ingot and aluminium products prices for the third day in a row, with effect from Saturday, May 14. As per the revised prices, the company’s aluminium ingot price saw a rise of INR 2,250 per tonne or 1 per cent to INR 243,500 per tonne. On Friday, May 13, the price stood at INR 241,250 per tonne, seeing an increase of INR 1,500 per tonne from the previous day. Hindalco’s aluminium wire rod price also experienced a growth of INR 2,250 per tonne from INR 252,350 per tonne on May 13 to INR 254,600 per tonne on May 14. Aluminium billets price came in at INR 257,600 per tonne, also up by the same amount from INR 255,350 per tonne. Hindalco continued to expand its aluminium prices for the third consecutive day in response to the upswing of the LME...
China, one of the world's leading primary aluminium producers, has achieved a new record in April after restrictions on power production were relaxed, allowing smelters to boost operations. As per the National Bureau of Statistics, the primary aluminium output in China closed at 3.36 million tonnes, up by 0.3 per cent Y-o-Y for the same month. In March 2022, the average aluminium production closed at 112,000 tonnes per day, up from 106,453 tonnes per day in March and a new high. China produced 13.01 million tonnes of aluminium in the first four months of 2022, down 0.2 per cent from the same period last year. In the first quarter, output was slowed by power usage restrictions aimed at ensuring enough supply to critical users. By April, however, curbs had loosened dramatically, allowing...
According to the Shanghai Metals Market data, the average operating rate across aluminium processors in China grew by 1.3 percentage points week-on-week to stand at 58.6 per cent last week ended Friday, May 13, driven by the resumption of operations after the Labour Day Holiday. But compared to the week prior to the Labour Day holiday, the aluminium processors operating rate recorded a downfall of 6 percentage points. Due to the hard-hit on domestic automobile manufacturing industry caused by the COVID-19 pandemic, the demand for automotive alloy and industrial extrusion has fallen short of expectations but likely to recover driving the production across aluminium processing enterprises with operation resumption across auto makers in Jiangsu, Zhejiang, and Shanghai. The average operating...
Three-month LME aluminium opened at US$2,785 per tonne last Friday and closed at US$2,828 per tonne, an increase of US$42 per tonne or 1.51 per cent. On Friday, May 13, LME aluminium cash bid price and LME aluminium official settlement price rose for an alternate day by US$35 per tonne to stand at US$2,721 per tonne and US$2,723 per tonne, respectively. That made the prices closed higher at the end of the week by US$15 per tonne compared to the prices of Monday, May 9. 3-month bid price and 3-month offer price grew by US$26 per tonne and US$27 per tonne, respectively, to come in at US$2,748 per tonne and US$2,750 per tonne on the same day. Dec-23 bid price and Dec-23 offer price settled at US$2,723 per tonne and US$2,728 per tonne, up by US$25 per tonne from Thursday, May 12. LME...
Speira, a leading aluminium rolling and recycling company with operating facilities in Germany and Norway has published a white paper on the joint concept study with the Chair of Production Engineering of E-Mobility Components at RWTH Aachen University, an elite German public research university located in Aachen, North Rhine-Westphalia. The study eyes on the thermal management of cylindrical lithium-ion battery cells (LIB) in 4680 format, due to LIB developers and car manufacturers are aiming further to increase the energy and power density as well as the safety of LIBs, while at the same time shifting charging rates towards conventional refuelling times. Against this background, the study partners investigated whether the significantly better thermal conductivity of aluminium compared...
Granges, the aluminium technology company driving the development of lighter and more sustainable aluminium products and solutions reported a fire incident on 13th May 2022 in the newly built cold rolling mill currently under commissioning in Konin, Poland production facility. The management declared that no one got injured, but the fire resulted in damage to production equipment. However, the outlook for the second quarter remains unchanged. Konin's current production capacity and short-term outlook are unaffected by the damaged equipment since the damaged equipment is not yet in production. Accordingly, the current production level in Konin can be sustained. Despite this, the volume ramp-up originally slated for the second half of 2022 will now be delayed until 2023. The event will be...
The British businessman, Sanjeev Gupta owned GFG Alliance, which acquired the Locabher aluminium smelter, the last aluminium smelter in Britain and the hydropower plant from the global mining and metal giant Rio Tino in a £330 million deal in 2016, is encountering a bankruptcy battle in a UK court. The multinational metal group owned by Sanjeev Gupta has been experiencing a crisis since the fall out of its primary lender Greensill Capital in the previous year, which had financed GFG, with as much as £3.5 billion. The Swiss investment banking and financial services firm, Credit Suisse was approached with offers of mediation while the French police performed raids at the company’s office. The fate of ‘saviour of steel’ Sanjeev Gupta now resides in the decision of a British Judge. By...
The recycled segment is witnessing some of the best events in the last few weeks, and this week also it remained the same. In Luxemburg, Hydro generated 130 tonnes of CIRCAL 100R at its Clervaux recycling factory, with 100 per cent post-consumer scrap achieving its goal of first net-zero carbon aluminium production. The 9th MRAI’s IMRC conference discusses India’s chances of becoming a green superpower by 2030 focusing on the recycling process of scrap material and industrial waste. Europlasma, a global provider of nano-coating technology, announced the success of its plasma torch treatment units to rectify aluminium waste. Hydro produces 130 tonnes of CIRCAL 100R at its Clervaux, Luxembourg recycling factory, achieving its target of producing the first net-zero carbon aluminium. The 130...
The global aluminium industry's most crucial, downstream segment remained highlighted due to some of the potential news. A lot of companies like Hydro extrusion Suzhou, Alumex PLC, and the Hindalco Hirakud-FRP plant received their ASI certifications. Apart from this, Novelis reported record net sales of US$17.1 billion in FY2022, boosted by 3.858 Mt of aluminium FRP exports. Novelis Inc., the world’s leader in aluminium rolling and recycling, has announced its fourth-quarter and full-year results for the financial year 2022. It has mentioned in the report a Y-o-Y hike of 21 per cent in net income from continuing operations for the quarter ended March 31 to $217 million, supported by record shipments of 987,000 tonnes compared with 983,000 tonnes during the same period last year. To know...
Founded in 2014, Pakistan Aluminium Beverage Cans Limited (PABC), the country’s first and only aluminium beverage can maker, desires to expand new customer bases in the south or central Asian states, Africa and the Middle East, to enhance export sales. In a corporate briefing session with investors, the PABC management explained that an $8 million investment was made for can making capacity expansion from 700 million to 950 million per year, to be activated by June 2022. The Pakistan market’s demand remains approximately 1 billion cans each year, as estimated by the management. The country demands the can size, 250ml or 300ml and the former used more widely, results in 91% of the regional sales. PABC enjoys local sales of 60% in total offtake and the residual 40% through export, out of...
Vedanta Limited has increased its aluminium ingot and aluminium products prices, with effect from Saturday, May 14, as the LME aluminium benchmark price regained by US$35 per tonne on Friday, May 13. On Thursday, Vedanta’s aluminium prices were slashed by INR 3,000 per tonne in response to the LME price fall by US$49 per tonne on the previous day. The company’s aluminium ingot price has witnessed a growth of INR 2,000 per tonne from INR 241,250-276,950 per tonne to INR 243,250-278,950 per tonne as of May 14. Vedanta’s aluminium wire rod price has also been raised by INR 2,000 per tonne, with effect from May 14, to stand at INR 250,750-258,250 per tonne versus INR 248,750-256,250 per tonne on May 13. Vedanta’s aluminium billet price has come in at INR 251,250 per tonne, seeing the same...
This week, the global primary aluminium sector recorded a lot of positive events. To begin with, New Zealand Aluminium Smelters Limited (NZAS), which owns the Tiwai Point Aluminium Smelter, is now focused on guaranteeing the future beyond its 2024 closure date. On the market forefront, this week, LME aluminium benchmark price SHFE dropped by US$96 per tonne on Monday, May 9, to US$2,957 per tonne, before falling further by US$17 per tonne the next day to US$2,940 per tonne. The Tiwai Point Aluminium Smelter, owned by New Zealand Aluminium Smelters Limited (NZAS), is now focused on securing the future beyond its closing date in 2024. On Tuesday, May 10, NZAS chief executive Chris Blenkiron said in a community forum that he is seeking a pathway for the smelter to enable it to continue its...
On May 13, Emirates Global Aluminium (EGA) announced that they have successfully started their DX+ Ultra reduction cell technology with a modified liner at 500kA, the first time this amperage has reached the Middle East. When compared to the existing maximum working amperage in EGA, increasing the amperage to 500kA is predicted to increase aluminium output by 5 per cent. This milestone was achieved in the Eagle research and development section of EGA in Jebel Ali. It is a part of the feasibility study for EGA's potline 3 in Al Taweelah, which contains 444 DX+ and 14 DX+ Ultra pots, to update 458 reduction cells. “Reaching 500kA for the first time is a great achievement and I congratulate our Research & Development team who are continuously improving the performance of our proprietary...
