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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Hardys, the no.1 Australian Wine brand in the United Kingdom, will reportedly introduce three new varieties of wine in aluminium cans next month to make a debut in the on-the-go market. The varieties, comprised of rosé, chardonnay, and shiraz, will appear on trade and festivals this summer. According to the brand manager Lindsay Holas, the launch of new varieties of wine in aluminium cans will appeal younger shoppers, letting them enjoy their drinks on-the-go format. Also, the use of aluminium will open up easy- to-recycle option. “Offering a convenient and easily recycled option, we’re expecting the cans to be a hit at festivals in the next few months, whilst also performing well in retail, with their compact size making them perfect for picnics and outdoor summer occasions,” said Holas....
Manaksia Aluminium announced its financial results for the period ending March 31, 2022. As per the data, the firm earned a total income of INR 128.9419 crores on March 31, 2022. On a Q-o-Q comparison, the price went down by 1.16 per cent from INR 130.4571 crores for the quarter ended December 31, 2021. The company’s net profit / (loss) for March 31, 2022, suffered a loss of 28.67 per cent, from INR 2.5125 crores for the quarter ended December 31, 2021. The amount for March 31, 2022, had settled at INR 1.7920 crores. The company's earnings per share (EPS) for March 31, 2022, was INR 0.27, compared to INR 0.38 for the quarter ended December 31, 2021. On a Y-o-Y comparison, the amount recorded for the year ending March 31, 2022, settled at INR 128.9419 crores compared to INR 90.1499 crores...
LME aluminium opened at US$2,758 per tonne on Wednesday and closed at US$2,781.5 per tonne, an increase of US$11.5 per tonne or 0.42 per cent. On 11th May, the LME aluminium cash bid price finally hiked by 2.24 per cent or US$60 to stop at US$2,736 per tonne. LME official settlement price trekked higher at US$2,737 per tonne, experiencing a similar change of 2.24 per cent or US$60 per tonne. 3-month bid price stopped at US$2,770 per tonne while 3-month offer price halted at US$2,772 per tonne, with a uniform escalation of 2.1 per cent or US$57 per tonne each. On the same day, December 23 bid price and December 23 offer price settled at US$2,745 per tonne and US$2,750 per tonne, respectively, both with a 1.85 per cent or US$50 per tonne upsurge. LME aluminium opening stock continued to...
On May 11, Novelis, a wholly-owned subsidiary of Aditya Birla Group firm Hindalco, announced a $2.5 billion investment in new low-carbon recycling and rolling factory in Bay Minette, Alabama. This state-of-the-art factory will be able to manufacture 600,000 tonnes of aluminium sheets per year. Site development is already underway, with commissioning expected to commence in mid-2025. Can producers will receive around two-thirds of the production, according to the business, including Colorado's Ball Corp., which distributes empty cans to the beverage sector. The plant's remaining capacity will be used to produce aluminium sheet for the car sector. The plant will be the first fully integrated aluminium mill developed in the United States in more than 40 years. It is intended to generate up...
Novelis Inc., the world’s leader in aluminium rolling and recycling, has announced its fourth quarter and full-year results of 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. Adjusted EBITDA, however, declined by 15 per cent over the year to $431 million during 4QFY22, owing to short-term operational cost challenges. For the full fiscal year 2022, the company has announced a record income from continuing operations of $1.0 billion. That was an increase of 122 per cent from the previous year. Net income from continuing operations excluding special items also...
During the recent discussion on escalating the bilateral and trade relations, the Gulf nation UAE and the EU nation Germany discussed strategies to co-operate in multiple areas that will benefit both the large economies. On 10 th May 2022, it was reported that discussions were held during a visit to Berlin by a high-level delegation from UAE led by Dr Sultan Al Jaber, the Minister of Industry and Advanced Technology. Dr Jaber said, “Co-operation in the sectors discussed will contribute to sustainable economic growth.” The UAE delegates were hosted by Robert Habeck, the Vice-Chancellor and Economy Minister of Germany. On the agenda, the sectors discussed were energy, specifically wind and solar advanced industries, artificial intelligence, infrastructure, tourism and agriculture, as well...
National Aluminium Company Limited has sharply axed its aluminium ingot and aluminium products prices for the third consecutive time since April 28, in response to the continued downfall in the LME aluminium benchmark price for over a week. More so, on Tuesday, May 10, the LME aluminium benchmark price declined by US$31 per tonne to record a 5-month low at US$2,677 per tonne. Since the beginning of May, the LME price has registered a downfall of US$234.50 per tonne from US$2,911.50 per tonne. In response to this, NALCO has chopped its aluminium ingot selling price by 10 per cent or INR 27,200 per tonne to INR 239,650 – 243,150 per tonne. The last cut on May 1 was by INR 5,800 per tonne to INR 266850-270,350 per tonne. NALCO’s aluminium wire rod and billets prices have also witnessed a cut...
Hindalco Industries Limited has further trimmed its aluminium ingot and aluminium products prices, following a major cut on the preceding day, May 10. As per the revised prices revealed on May 11, Hindalco has cut its aluminium ingot price by INR 2,500 per tonne to INR 239,750 per tonne. On Tuesday, May 10, the price stood at INR 242,250 per tonne, seeing a slash of INR 8,500 per tonne. Hindalco back-to-back cuts its aluminium prices in response to the lowest LME aluminium price in five-month time. On Tuesday, May 10, the LME aluminium benchmark price declined by US$33 per tonne from the previous day to US$2,677 per tonne as funds were being bet on lower prices due to decreasing demand. On a month-on-month calculation, the price stood around 17 per cent down from US$3,234.50 per tonne....
As per the USGS data, US aluminium crude metals and alloys imports from Australia for February 2022 settled at 27,100 tonnes, which on a month-on-month scale surged by 17,540 tonnes or 183.47 percent from 9,560 tonnes in January 2022. On the other hand, for January 2022 a downfall of 46.88 percent or 8,440 tonnes was recorded on m-o-m basis from 18,000 tonnes in December 2021. The total amount of crude metals and alloys imported by the United States for February 2022 halted at 262,000 tonnes. However, on m-o-m scale, the quantity had dwindled by 81,000 tonnes or 23.61 percent from 343,000 tonnes in January 2022. A surge of 27,000 tonnes or 8.54 percent was recorded on a month-on-month forefront in January 2022 from 316,000 tonnes in December 2021. In all 3,630,000 tonnes of US aluminium...
The JORC resource is being considered by the two companies, Vytas Resources and its 33% partner Accelerate Resources for their joint venture, the Tambellup kaolin project in southwestern parts of Western Australia, keeping in mind that during this quarter, Vytas is planning an entry in ASX IPO. In November 2021, Accelerate swapped its Tambellup Project for a 33% interest in Vytas’ critical minerals and technology business. The section mainly focuses on producing high-purity alumina for hydrogen production, solar panels and the battery storage supply chain. The same year, Accelerate and Vytas was supposed to focus on developing a new technology material company mainly relying on the Tambellup project and Vytas’ existing silica assets. Altogether they were going to produce high-purity...
LME aluminium opened at US$2,748 per tonne on Tuesday and closed at US$2,770 per tonne, an increase of US$21 per tonne or 0.76 per cent. However, LME aluminium cash bid price stood at US$2,676 per tonne, with a fall of 1.14 per cent or US$31 per tonne, as of May 10. LME aluminium official settlement price also experienced a decline of US$31 per tonne to stand at US$2,677 per tonne. LME aluminium prices declined to the five-month low because funds were being bet on lower prices due to decreasing demand but in near future the disturbances regarding output cuts in Europe because of high power costs may counterbalance the LME price. 3-month bid price and 3-month offer price slumped by 1.27 per cent or US$35 per tonne to US$2,713 per tonne and US$2,715 per tonne, respectively. December 23 bid...
Vedanta Limited is continuing to cut its aluminium products and aluminium ingot prices in line with the incessant downfall of the LME aluminium benchmark price. On Tuesday, May 10, Vedanta slashed its aluminium wire rod price by INR 8,250 per tonne or 3.2 per cent to INR 249,750 - 257,250 per tonne. On May 7, the prices hovered around INR 258,000 – 265,500 per tonne. Vedanta’s aluminium billet price also saw a cut of 3.20 per cent or INR 8,250 per tonne on May 10 from INR 258,500 per tonne to INR 250,250 per tonne. Aluminium ingot price came in at INR 242,250 – 277,950 per tonne, down by INR 8,250 per tonne as well from INR 250,500 – 286,200 per tonne. Vedanta continues to cut its aluminium prices in response to the incessant decline in the three-month futures of aluminium on the London...
Alumex PLC has joined Aluminium Stewardship Initiative(ASI) as a new member in the Production and Transformation division. Sri Lanka's largest fully integrated manufacturer of aluminium extrusion profiles and worldwide proprietary technologies under licence is Alumex PLC. Since its inception in 1988, the firm has grown to include three extrusion lines, an anodizing line, three powder coating lines (one vertical), and an aluminium recycling plant spread over three manufacturing centres. Alumex uses these facilities to manufacture items under its own brand as well as for a few globally recognised proprietary brands. A unique portfolio and excellent product performance have led Alumex’s growing momentum in the worldwide markets. Alumex is regarded as a pioneer and trusted leader in the local...
As of Monday, May 9, social inventories of primary aluminium dipped over the weekend by 3,000 tonnes but rose week-on-week by 43,000 tonnes, found the Shanghai Metals Market data. Thus, the inventories came in at 1.03 million tonnes across eight major consumption areas, including SHFE warrants. The chart below indicates the current status of primary aluminium inventories across China in more details: Except all the Chinese provinces, Gongyi saw an increase of 10,000 tonnes in inventories over the week to 112,000 tonnes owing to the arrivals of delayed shipments from Xinjiang and decline in cargo pick-up from local warehouses caused by the holidays. In Wuxi, inventories decreased by 6,000 tonnes from that on May 5 to stand at 479,000 tonnes. Cargo pick-up was normal while arrivals were...
The Chief Executive Officer of Dubal Holding, Ahmad Hamad Bin Fahad and Denis Mazerolle, the President of Nature Alu, Canada based high purity aluminium producer have inked a Memorandum of Understanding (MoU) to materialise the first high purity aluminium facility in UAE. The primary focus of this project will be on producing aluminium of grade 4N and higher. Dubal Holding is the investment arm of the Government of Dubai while Nature Alu (NA) is the only North-American producer of high-purity aluminium. Bonded by MoU, both the companies now wish to lay out a framework for the feasibility study stressing the technical, commercial, operational and regulatory details. They will also merge into a joint venture to further acknowledge the project’s future investments and implementations. Both...
Hydro produces 130 tonnes of CIRCAL 100R at its Clervaux, Luxembourg recycling factory, achieving its target of producing first net-zero carbon aluminium. The 130 tonnes of CIRCAL 100R is made using 100 percent post-consumer scrap. The company has achieved its objective of producing first commercial quantities of near-zero carbon aluminium, set at Capital Markets Day in December 2021. This production breakthrough is a substantial improvement, when compared to the present 2.3 kg CO2 per kg aluminium in Hydro CIRCAL extrusion ingot with 75 percent post-consumer aluminium scrap. “This is an important stepping-stone to commercialize near-zero carbon aluminium and is also a good test of our capabilities to produce recycled aluminium in other locations based on a similar scrap mix,“ said Trond...
The first aluminium smelter in the Middle East which has started its commercial operations back in 1971, Aluminium Bahrain B.S.C. (Alba) pursues to lead in sustainability as it has been acknowledged as the top company in Bahrain on the Environmental, Social and Governance (ESG) rating list by ESG Invest - the investment research arm of ‘Sustainability Excellence’, which provides comprehensive ratings that quantify ESG performance of companies in the Arab World. Al Baqali, Alba's Chief Executive Officer, expressed his views on this occasion by saying, “We view ESG as central to Alba’s mission -- being a responsible corporate citizen, we want to create value for all our stakeholders and society. “ “We are pleased to be selected as the Number One Company for ESG in Bahrain, for the third...
The apex body representing the interest of the Indian recycling industry, the Material Recycling Association of India (MRAI), to make India a global recycling hub, has been precisely working toward developing a circular economy and sustainable recycling operations inside the country. The 9th IMRC conference which took place on 5 th – 7 th May 2022 at Leela Convention Centre, Shahdara, Delhi addressed the growing concerns about making India a green superpower by 2030. Several issues were discussed in the MRAI’s IMRC conference including segregation of waste during generation, use of a minimum percentage of recyclable waste in every manufacturing activity in India, setting up of recycling parks and clusters in India, government tenders to allow recycling materials that comply with BIS,...
