Aluminium du Maroc reported a 31 per cent year-over-year increase in H1 2026 net income to MAD 41.0 million (USD 4.11 million), even as consolidated revenue declined to MAD 603.7 million (USD 60.55 million) from MAD 650.1 million (USD 65.21 million). The Moroccan aluminium producer’s results point to a stronger profitability performance despite weaker top-line activity. Net income rose from MAD 31.3 million (USD 3.14 million) in H1 2025, while operating income also increased by 23 per cent to MAD 77.2 million (USD 7.74 million), according to AlphaMena. Profit growth outpaces revenue The divergence between revenue and profit was the key feature of Aluminium du Maroc’s H1 2026 performance. Revenue declined by around 7 per cent year over year, while net income increased by nearly one-third....
The low-carbon aluminum market has stepped into a more competitive phase as producers invest in cleaner smelting technologies, renewable power and new downstream applications. Rio Tinto’s $1.5 billion AP60 smelter expansion in Quebec is the latest major development, adding around 160,000 metric tons per annum (MPTA) of primary aluminum capacity when fully operational by the end of 2026. The project will lift total AP60 production at Complexe Arvida to about 220,000 MPTA while supplying lower-carbon aluminum to transportation, construction, electrical and consumer-goods customers. The Quebec expansion is expected to cut emissions by approximately 290,000 MPTA compared with the older Arvida technology, strengthening the case for energy-efficient, hydropower-based primary aluminum...
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According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday, October 17, China’s primary aluminium inventories stood at 664,000 tonnes, witnessing an increase of 9,000 tonnes from 655,000 tonnes on Thursday, October 13. On a year-on-year basis, China’s inventories as of October 20 edged 321,000 tonnes lower, as pandemic across many regions slowed transportation this year and resulted in fewer cargo arrivals. However, the chart below indicates the current status of primary aluminium inventories across China in more details: In Nanhai, primary aluminium...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Because commercial manufacturers obtain the products produced here, downstream is one of the most important areas in the aluminium industry. To begin with, for the second time in a row, AMAG Austria Metall AG, was recognised with the "Effective Sustainability Communicator Award" for its comprehensive and open sustainability reporting. At its extrusion factory in Offenburg, Germany, Hydro, a major industrial firm dedicated to a sustainable future, invested in a 426-meter-long solar fence. The barrier, the first of its sort in Germany, will lessen emissions from the facility. Kriskadecor, known for its aluminium chain interior products, came up with a unique...
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the London Metal Exchange (LME). On Tuesday, October 18, the prices further decreased by US$39 per tonne and US$39.50 per tonne to rest at US$2,200 per tonne and US$2,200.50 per tonne. They continued to decline the next day as well to settle at US$2,168 per tonne and US$2,169 per tonne, respectively. On Thursday, October 20, both LME aluminium cash bid price and LME aluminium official settlement price elevated after three consecutive days of decline to close at US$2,213.50 per tonne and US$2,214 per...
Malaysia-based Press Metal Aluminium Holdings Bhd has retrieved 123.59 million shares from the market, selling almost a 1.5 per cent stake in the company amounting to RM605.59 million, as was recorded in the local bourse board. The group filled in the data on October 19, Wednesday and Bursa Malaysia confirmed that each share was sold at RM4.90 the day before on October 18. The five Koon brothers were vital in the selling of these shares, where the chief executive officer of the group, Tan Sri Koon Poh Keong, sold for 51.59 million, the group’s executive vice-chairman Koon Poh Ming went down for 20 million, and the executive directors, Koon Poh Weng, Datuk Koon Poh Tat and Koon Poh Kong sold for 30 million, 17 million and 5 million, respectively. Today, the share price of the biggest...
On 20th October 2022, the Aluminum Association, the aluminium industry's leading voice in the United States of America, released the updated environmental product declarations (EPDs) that show reductions in the environmental impact of aluminium product types including primary aluminium ingot, recycled aluminium ingot, aluminium extrusion products and aluminium sheet products. An EPD is a comprehensive, internationally harmonized report describing a product's potential environmental impact through its life cycle. Companies using EPDs in the building and construction industry make informed decisions about what products to use. Charles Johnson, the President & CEO of the Aluminum Association, said, “Aluminum produced in North America is more sustainable than ever. The domestic industry has...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on October 20. Hindalco’s aluminium wire rod price has also been raised by INR 6,000 per tonne from INR 216,600 per tonne on October 20 to INR 222,600 per tonne on October 21. Aluminium billets price is no exception and seen a hike of the same amount to peg at INR 225,600 per tonne as of Friday, October 21. Hindalco Industries links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange (LME), which grew by 2.07 per cent on Thursday,...
On the occasion of Stockholm Design Week, Fredrik Paulsen, a Swedish designer, created the new 'Chair One' for his Stockholm-based company Joy Objects. The chair was re-released in a limited edition for Très Bien to coincide with the brand's newly renovated home in London's Soho. The new chairs were made by Paulsen using aluminium and medium-density fibreboard, rejecting traditional Scandinavian minimalism in favour of maximalist colour schemes. The three chair designs in the series come in vibrant colours that work well in various settings, from the dining room to the living room. Throughout the entire series, they use vibrant hues in unusual colour pairings like red/pink, mustard/pink, and baby blue/royal blue. Frederik Paulsen, the founder of JOY Objects, painted the bench in Snow...
DTE, an Icelandic metal innovator, has signed a US$1.85 million treaty with Norurál Grundartangi ehf (Nordural), a fully-owned subservient of Century Aluminium Company, to meet the growing demand for low-carbon aluminium products. DTE will utilise its flagship chemical composition analysis solution to enhance the four skimming units of the new low-carbon billet casthouse. Norurál Grundartangi’s newly integrated casthouse will successfully produce150,000 tonnes of billet latest by the first quarter of 2024. DTA’s help is crucial in checking the quality of the molten aluminium transferred from the electrolysis pot room to the furnaces. DTA then helps in determining which quality of aluminium should be stream-lined for use for which particular purpose so that a circular economy can be...
For the third quarter of 2022, Alcoa Corporation has reported a quarterly loss of 21.7 per cent in revenue from $3,644 million to $2.851 million, while on a year-on-year basis, it dropped by 8.36 per cent from $3,109 million. Adjusted EBITDA excluding special items nosedived by 77 per cent from $913 million in Q2 2022 to $210 million in Q3 2022 and from the previous year plunged by 71.15 per cent from $728 million. Alcoa experienced a quarterly net loss of $746 million and a loss per share of $4.17, which includes $652 million of restructuring charges related primarily to pension actions. Alcoa finished the quarter ended September 30, 2022, with a cash balance of $1.4 billion. Alcoa President and CEO Roy Harvey said: “Despite a challenging quarter that saw significantly lower prices, and...
Ultraviolette Automotive, a Bangalore-based developer of electric two-wheeler vehicles, has revealed the production-spec battery pack that will power its future F77 e-motorcycle a month before its official launch. In contrast to the prototype's detachable battery packs from 2019, the new battery pack is permanent, bigger, and contains more lithium-ion cells. Instead of the 18,650 batteries in the prototype, there are 21,700 lithium-ion cells enclosed in an aluminium casing. The battery size of the Ultraviolette F77 is the biggest of any electric two-wheeler in India, with a useable capacity of 10.5kWh on the top model. Aluminium cases are ideal for safeguarding electronics equipment, static-sensitive gadgets, and most modern computers and electrical equipment since they are strong...
Alro S.A. has decided to abide by the Emergency Ordinance (EO) to compensate for the indirect emission costs embedded in the electricity price. The Romanian vertically integrated aluminium producer is keen on implementing the EO to compete with its fellow European counterparts. This support scheme was created maintaining protocols laid by the European Commission Guidelines on definite State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2021. The EO has been formulated to target the sectors that can face the trauma of rechannelling CO2 emissions owing to substantial indirect costs auxiliary to the energy price. Other Romanian consumers won't face any difficulty if the EO is implemented on heavy energy-intensive units like the Alro S.A., which...
According to the US Census Bureau data, domestic primary aluminium production in July 2022 was 64,000 tonnes, with daily average output at 2,070 tonnes. Compared to the previous month, monthly aluminium production in July edged 14,000 tonnes or 17.95 per cent lower than 78,000 tonnes and daily output recorded a 20.99 per cent fall from 2,620 tonne. The decreased production rate in July could be attributed to the shutdown of Century Aluminium’s smelter in Hawesville, Kentucky. The US Census Bureau data also shows that total aluminium recovered from scrap in July 2022 was 284,000 tonnes compared to 286,000 tonnes in June. Of the total scrap recovered, 150,000 tonnes was recovered from new scrap, while 134,000 tonnes from old scrap. In July 2022, the average US spot market price of primary...
Assan Alüminyum, a subsidiary of Kibar Holding and the most prominent Turkish producer of flat-rolled aluminium products, has decided to give ESG (environmental, social, and governance) high priority in its long-term strategy and future plans. To improve the sustainability of its manufacturing and recycling processes, the firm adheres to the Performance Standards of the Aluminium Stewardship Initiative (ASI). The foundation for the company's ESG-focused future goals is laid by recent releases of sustainable products, corporate social responsibility (CSR) initiatives, and sustainable expansion plans. "We have some exciting news regarding on all 3 dimensions of ESG. As a part of our environmental sustainability-oriented developments, our highly competent R&D team is working on a series of...
As the global economy is driving through a challenging situation, the aluminium sector witnessed’s price drop amidst the alleged dumping of Russian aluminium, weakening the demand for metal and propelling the cost of production. Aluminium stocks in London Metals Exchange (LME) warehouses surged this week, raising concerns about the potential dumping of Russian-origin aluminium. Currently, the Joe Biden administration is considering banning aluminium imports from Russia. However, that has been reported as irresponsible by the Chairman of the Russian aluminium giant, Rusal. A significant portion of unsold metal ends up in the LME warehousing system. These are warehouses that are authorized to store metal that is registered with the exchange. A highly recognised mining and metal analyst from...
LME aluminium opened at US$2,186 per tonne on Thursday, with its high and low at US$2,209.5 per tonne and US$2,186.5 per tonne, respectively, before closing at US$2,217 per tonne, an increase of US$27 per tonne or 1.23 per cent. On October 20, Thursday, LME aluminium cash bid price elevated by US$45.50 per tonne or 2.1 per cent to peg at US$2,213.50 per tonne, and the LME aluminium official settlement price also went up by US$45 per tonne or 2.07 per cent to rest at US$2,214 per tonne. 3-month bid and the 3-month offer price spiked by 2.15 per cent or US$47 per tonne to stand at US$2,227 per tonne and US$2,228 per tonne, respectively. December 23 bid price and December 23 offer price witnessed an US$39 per tonne or 1.7 per cent upward strike, stopping at US$2,307 per tonne and US$2,312...
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750 per tonne as of October 21, whereas on October 20, the price saw a dip of INR 2,500 per tonne to hover around INR 207,750- 238,250 per tonne. Aluminium billet price has also gained INR 6,000 per tonne or 2.77 per cent on October 21 to peg at INR 222,750 per tonne versus INR 216,750 per tonne on October 20. With the latest hike, Vedanta’s aluminium ingot price stands at INR 213,750-244,250 per tonne, up by INR 6,000 per tonne following a downfall on the previous day to INR 207,750- 238,250 per...
A00 aluminium ingot price in China hikes for the third consecutive day to settle at RMB 18,660 per tonne as of Friday, October 21. The price has witnessed a hike of RMB 220 per tonne, with the average prices ranging between RMB 18,640 per tonne and RMB 18,680 per tonne. The spot contract price is expected to be traded at a premium price of RMB 10 per tonne to RMB 50 per tonne. As per the SMM data, the price in Wuxi, Hangzhou and Tianjin has grown by RMB 220 per tonne to score at RMB 18,670 per tonne, RMB 18,690 per tonne and RMB 18,640 per tonne. On the same day, the A00 aluminium ingot price in Foshan, Gongyi, Chongqing and Linyi surged by RMB 210 per tonne to clock at RMB 18,770 per tonne, RMB 18,640 per tonne, RMB 18,790 per tonne and RMB 18,710 per tonne. In Shenyang, the price...
On Thursday, October 20, Ball Corporation, the world leading infinitely recyclable aluminium beverage packaging provider, announced the launch of the two new sizes of Ball Aluminium Cup® to offer consumers a complete portfolio of sustainable cup options. Hence, the cup is now also available in 9-ounce and 12-ounce sizes, which are currently in use at sports and entertainment venues. They are also available for sale at cupsales@ball.com. The Ball Aluminium Cup® contains 90 per cent recycled aluminium, the highest recycled content rate compared to any beverage packaging in its category. The two new smaller sizes are ideal for serving juice, wine, and cocktail in addition to Ball’s 16-ounce, 20-ounce and 24-ounce cup offerings. Ball Corporation has expanded its infinitely recyclable...
