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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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...
The LME aluminium benchmark price increased this week by US$15 per tonne but touched the five-month for an intermittent period. On Monday, May 9, LME aluminium cash bid price and LME aluminium official settlement price started the week with a decline to US$2,707 per tonne and US$2,708 per tonne and extended downfall the next day to US$2,676 per tonne and US$2,677 per tonne, the lowest in the past five months. On Wednesday, May 11, the prices grew by US$60 per tonne or 2.24 per cent to rest at US$2,736 per tonne and US$2,737 per tonne but again fell Thursday, May 12, by over 1.5 per cent to settle at US$2,686 per tonne and US$2,688 per tonne, respectively. However, on Friday, May 13, both LME aluminium cash bid price and LME aluminium official settlement price rebounded at US$2,721 per...
Aluminium Bahrain B.S.C. (Alba) announced its financial results for the first quarter (Q1) 2022. As per the results, Alba, the world’s largest single-site aluminium smelter outside of China, earned a profit of BD146.8 million (US$390.4 million) in Q1’22, which on a Y-o-Y value went up by 181% from BD52.2 million (US$138.8 million) in the same period of 2021. Based on the same period in 2021, the company reported basic and diluted earnings per share of fils 104 versus fils 37. For Q1'22 the total comprehensive income settled at BD156 million (US$415 million), up 167% from BD58.4 million (US$155.4 million) in the same quarter of 2021. Gross profit in 2022 surged by 121% from BD80.5 million (US$214.1 million) in the same quarter of 2021. The gross profit for 2022 closed at BD178 million...
The 2022 annual general meeting of the Australian Aluminium Council (AAC) voted Capral CEO, Tony Dragicevich to the AAC board, replacing one of two previously empty positions. This action will give prominence to Capral’s image in the Australian Aluminium Council, the prime authority associated with the Australian aluminium industry. The Council members belong to various active organisations working along the infinite industrial sectors forming the Australian Industry value chain, including bauxite mining, alumina refining, high purity alumina (HPA) production, and aluminium metal alongside manufacturing and distributing semi-fabricated aluminium products. “It is a great honour to be elected to the Australian Aluminium Council Board of Directors and I look forward to working alongside the...
US aluminium plates, sheets and bars imported from China in February 2022 settled at 16,400 tonnes. On a month-on-month calculation the quantity dropped by 1,200 tonnes or 6.81 percent from 17,600 tonnes in January 2022. On the other hand, for January 2022 a surge of 600 tonnes or 3.52 percent was recorded from 17,000 tonnes in December 2021. The total amount of aluminium plates, sheets and bars imported by the United States for February totalled at 107,000 tonnes, which on a m-o-m calculation nosedived by 5,000 tonnes or 4.46 percent from 112,000 tonnes in January 2022. A surge of 3,000 tonnes or 2.75 percent was recorded on a m-o-m forefront in January 2022 from 109,000 tonnes in December 2021. From January to December 2021, a total of 1,290,000 tonnes of US aluminium plates, sheets and...
Hindalco Industries Limited has finally raised its aluminium ingot and aluminium products prices, with effect from Thursday, May 12, after more than two weeks of back-to-back cuts for the LME aluminium price fall. Now, the company is selling its aluminium billets price at INR 258,600 per tonne versus INR 253,850 per tonne on May 11. That’s an increase of INR 4,750 per tonne or 1.87 per cent in a day. Hindalco’s aluminium wire rod price also saw a growth of INR 4,750 per tonne on May 12 from INR 250,850 to INR 255,600 per tonne. Aluminium ingot price was no exception but witnessed a rise of the same amount to reach INR 244,500 per tonne. On Wednesday, May 11, Hindalco’s aluminium ingot price stood at INR 239,750 per tonne. As Hindalco links its aluminium prices to the three-month futures...
According to a report published on Friday, May 13, a Memorandum of Understanding (MoU) has been signed between the Chhattisgarh Council of Science and Technology (CGCOST), Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), and Ministry of Mines on Wednesday, May 11, for conducting a geotechnical evaluation of bauxite deposits in Chhattisgarh. The project is called Geotechnical Evaluation of Bauxite Reserves in Chhattisgarh. As part of the project, CGCOST and JNARDDC will together prepare a district-wise digital database of bauxite and laterite deposits using a geo-referenced map and make an assessment of the deposits leveraging space technology. The reason behind this project is to explore more bauxite deposits as the domestic aluminium industry is facing a...
On May 12, China’s domestic aluminium billet inventory surged by 10,100 tonnes or 7.84 per cent W-o-W to halt at 138,700 tonnes, said SMM. Lower conversion margins may in the future, entice purchasers. After the epidemic was brought under control, the market mood improved. As a result, inventories of aluminium billets may fall next week. The figure below provides further information on the current state of aluminium billet inventories in China: As of May 12, the inventory in Foshan hiked by 9,500 tonnes to peg at 80,000 tonnes. Demand was hindered by high conversion margins. Large volumes of aluminium billets were supplied to Foshan due to active production restart of aluminium smelters in Yunnan, driving up local inventories. On the other hand, the inventory in Wuxi declined by 3,600...
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decrease across eight major consumption areas, including SHFE warrants. On a weekly basis, inventories decreased by 30,000 tonnes, while on a year plunged by 58,000 tonnes to come in at 1 million tonnes on May 12, 2022. Inventories dropped as traders were motivated to sell, and shipments were smooth across several regions. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories plunged by 16,000 tonnes week-on-week to stand at 469,000 tonnes due to active sales and slower arrivals. Inventories in Nanhai and Hangzhou decreased by 8,000 tonnes and 7,000 tonnes, respectively, to settle at 214,000 tonnes and...
LME aluminium opened at US$2,778 per tonne on Thursday and closed at US$2,786 per tonne, an increase of US$4.5 per tonne or 0.16 per cent. On May 12, LME aluminium cash bid price closed at US$2,686 per tonne, and LME aluminium official settlement price halted at US$2,688 per tonne. The former had witnessed a drop of US$50 per tonne or 1.82 per cent, while the latter had gone down by US$49 per tonne or 1.79 per cent. 3-month bid price and 3-month offer price had descended by US$48 per tonne or 1.73 per cent and US$49 per tonne or 1.76 per cent. The price for the same had closed at US$2,722 per tonne and US$2,723 per tonne. On the same day, December 23 bid price and December 23 offer price had dipped by US$47 per tonne to close at US$2,698 per tonne and US$2,703 per tonne. LME aluminium...
Bulgari's Aluminium edition chronographs were innovative both in terms of material and design. The Italian watchmaker has collaborated with Ducati to develop the Bulgari Aluminium chronograph Ducati special edition watch, which is sure to pique the interest of many riders. This special edition aluminium series watch is subjectively lightweight and comfortable, which is likely what Bulgari will bring over to the limited-edition Ducati clocks. The Bulgari Aluminium Chronograph Ducati, as the name implies, is a limited-edition model with a production run of 1,000 pieces. This classic timepiece priced at US$5,000 not only houses a rubber and aluminium hybrid strap but also comes in different colours. The Ducati special edition watch is powered by a 42-hour power reserve, in-house BVL 130...
According to the Shanghai metals Market, China’s average operating rate of secondary aluminium recorded a drop of 12.3 percentage points month-on-month to close at 33.1 per cent in April. The resurgence of COVID pandemic was the main reason behind the downfall. The situation deteriorated since March, hitting Shanghai, Jiangsu, and Jilin the hardest, leading to production cuts at a number of local manufacturers. Some large ones had to even halve their production. Disruption of transportation also caused the downfall of secondary aluminium operating rate. The onset of the fresh wave of COVID put transportation restrictions that hindered the procurement of aluminium scrap, forcing some manufacturers to reduce production for the lack of raw materials. The pandemic also disturbed the import of...
The universal technology giant Google is ultimately launching the latest version of Android 12, Pixel 6a to carry on the lineage of its luxury Pixel range with compactness. This latest inclusion to the Pixel family features their patent camera strip at the back and most importantly its frame is built with recycled aluminium. Google I/O 2022 mainly focuses on software and developer activities yet this time, the company couldn’t resist declaring the addition of some new hardware as well. It will come in similar variants of hue as it is with the Pixel phones; i.e. dual-tone black, white and green colour choices. The Google Pixel 6a will attract a large customer franchise with its superbly feasible price range since it will just cost US$449 in the US. Moreover, for this Pixel clan cell phone,...
From May 2 to May 8, the throughput of aluminium scrap in Linyi, east China’s nonferrous metal city, settled at 12,386.03 tonnes, a surge of 2,255.47 tonnes from the previous week and up22.26 per cent on the month. Recyclers traded vigorously as a result of a minor increase in aluminium prices. This week, the scrap aluminium throughput reached 16,543.11 tonnes. The Ministry of Transport issued a document in mid-April saying trucks with all the proper documents should be permitted to pass, and drivers in Linyi had received orders from the ministry. However, when aluminium prices dropped, downstream consumption of aluminium alloy did not increase considerably, having a big influence on recycler’s trade and a large decline in trading volume. Aluminium prices had increased by RMB 480per tonne...
On 11th May 2022, Australian Prime Minister, Scott Morrison visited Hunter to acknowledge the $50 million investment for a new business and research coalition with the University of Newcastle and the University of New South Wales. Hunter is a town located in Greene County, New York, United States. They are going to discover ways around the hydrogen fuel plus storage sector, zero-emission aviation and economic solar panel industries. The trio will emphasise on producing green aluminium along with other metals. When aluminium is produced using a range of renewable energy resources, like, wind, it is known as green aluminium. Aluminium is one of the world’s most sustainable materials which can either be extracted through processing bauxite or by simply recycling aluminium scrap. A variety of...
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 operations beyond 2024, for which he intends to meet energy generators to achieve power supply for the smelter before the end of 2022. According to him, it is important to get clarity about the future to avoid ambiguity among people. He said, “My biggest impact on morale is to get a future beyond 2024 and to get clarity. A lot of people get impacted by the ambiguity, it impacts Southland in general saying ‘are we open or are we closed’... for me that’s the focus, to get rid...
A systemic process is used to remanufacture scrap metal, such as aluminium, into new products. It is possible to recycle aluminium by remelting it, which is a more durable and less energy-intensive process than extracting it electrolytically from bauxite ore. However, this is also to be notified that recycling aluminium scrap requires about 5% of the energy needed to produce new aluminium. Following a surge of 4.7% in 2021, New Zealand’s GDP is predicted to augment by 3.8% in 2022 before easing to 2.5% growth in 2023. Mathias Cormann, the Secretary-General of OECD, while presenting the survey alongside Finance Minister and Deputy Prime Minister Grant Robertson and Minister for the Digital Economy and Communications David Clark said, “The near-term economic outlook is positive. The New...
Hydro’s aluminium extrusion plant in Suzhou is the company’s first Aluminium Stewardship Initiative (ASI) performance standard-certified aluminium extrusion firm in China. The firm located in Shanghai's Suzhou Industrial Park roughly employs 350 workers and has undergone multiple expansion projects, the most recent of which is a NOK 390 million investment, since its inception in 2004. When it opens in mid-2023, the new extrusion press will service China's automotive and electric vehicle markets and create roughly 75 new jobs. The ASI certification encourages responsible production, sourcing, and handling of aluminium. It also covers the plant's extrusion operations, die shop, anodizing process, and value-added processes. “This is really something special for the team. It reflects...
