CIE Automotive India Limited has begun dispatching notices to shareholders and unsecured creditors for its proposed merger with wholly owned subsidiary CIE Aluminium Casting India Limited, following an order from the National Company Law Tribunal (NCLT), Mumbai Bench, dated September 24, 2026. The merger would bring the aluminium casting subsidiary into the parent company’s corporate structure, with the board having approved the scheme on April 23, 2026. The company has cited operational efficiencies, economies of scale and synergies between the businesses as key reasons for the proposed amalgamation. Merger proceeds without new share issuance A key feature of the scheme is that CIE Automotive India will not issue new shares as consideration for the merger. As CIE Aluminium Casting India...
The aluminium industry is undergoing a data-driven transformation, with recycling now delivering up to 95 per cent energy savings, achieving a 75 per cent global can recycling rate, and processing nearly 42 million tonnes of scrap annually. These figures are not just environmental milestones—they are reshaping supply chains, pricing, and national strategies as primary aluminium faces structural deficits and carbon constraints. Where 1.5 billion tonnes of aluminium went Of the roughly 1.5 billion tonnes of aluminium produced since 1888, about 1.1 billion tonnes (around three-quarters) remained in productive use in the 2019 estimate. Within that total, approximately 750 million tonnes were still in their first use, while about 370 million tonnes had been recycled and reused. In other words,...
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On Friday, September 9, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$24 per tonne or 1.06 per cent to settle at US$2,279.50 per tonne and US$2,280 per tonne. 3-month bid price and 3-month offer price grew by US$22 per tonne or 0.97 per cent to rest at US$2,289 per tonne and US$2,290 per tonne. December 23 bid price and December 23 offer price gained US$25 per tonne or 1.06 per cent to peg at US$2,372 per tonne and US$2,377 per tonne. LME aluminium opening stock came in at 335275 tonnes. Live warrants and Cancelled warrants closed at 256900 tonnes and 78375 tonnes, respectively. LME aluminium 3-month Asian Reference Price expanded by US$57.49 per tonne or 2.52 per cent to record at US$2,330.63 per tonne. SHFE aluminium price The SHFE market is...
The Aluminium Dual 7.5W charging station from Momax is a dual wireless charging stand with MagSafe compatibility and a flat base to quickly charge AirPods or other Qi-compatible gadgets. It also has a woven-textured leather coating, ensuring that the device or gadget remains scratch-proof. Aluminium is used in electronics and other gadgets because of its excellent heat transfer and conductivity properties. In comparison to related metals, it is also lighter and less costly. Compared to copper solutions, aluminium solutions may be up to 70 per cent lighter. The Aluminium Dual 7.5W charging station enables wireless dual charging for Qi-compatible gadgets like the AirPods and iPhones from the 13th and 12th generations. The operation of this device is also effortless; one needs to place the...
Alumina powder, also known as aluminium oxide, is a chemical compound mainly used to produce aluminium – one of the essential metals in advancing a low-carbon economy and throughout the global industry. In addition to being ideal for aluminium production, alumina also provides excellent hardness and chemical resistance, particularly in applications requiring durable materials. The week witnessed a few exciting events related to the alumina segment. The Russian aluminium giant Rusal-owned Aughinish Alumina gets clearance to expand its bauxite residue (red mud) storage capacity at the West Limerick refinery until 2039. While in Southeast Asia, PT Perusahaan Listrik Negara (PLN), the Indonesian government-owned corporation energy distributor, has inked an MoU to supply energy to PT Bintan...
We hear it often to a point that we may find it overused. However, we are immersed in innovations. Innovation is, by definition, a new idea, product, method that benefits people and generates growth. It is all about solving problems. At EPIQ Machinery, what we see are occasions for improvement. Some can be challenging, but it is the fuel that keeps us moving as we have a passion for challenges. According to Greg Satell, international keynote speaker, adviser and bestselling author, there are 4 types of innovations: Sustaining innovation, Breakthrough innovation, Basic Research, and Disruptive innovation. We like to think that we must have a blend of all types to bring balance. Sustaining Innovation: making it better everyday EPIQ Machinery's goal is to become the leader in providing...
Amidst the geopolitical and the Energy crisis in Europe, Russia has cancelled the start of its gas supply at the Nord Stream 1 after apparently citing an oil leak in the turbine. This will thrust the entire energy-based economy into a completely dark zone, and disputes have already started taking place between big companies like Gazprom and Siemens Energy, with Europe under the fear of an industrial breakdown. LME benchmark aluminium price began the week of September 5 with an US$18.50 per tonne slump resting at US$2,290.50 per tonne and had downward luck all week with prices gradually declining. On September 9, there was, however, a sudden US$24 per tonne boost, with the official aluminium price docking at US$2,280 per tonne, experiencing a 0.46 per cent drop overall this week. SHFE...
The European Aluminium Foil Association said that while exports continued to fall at -15%, European aluminium foil deliveries for containers and technical applications stabilised in H1 2022. (EAFA). According to EAFA statistics, the continent's overall demand for aluminium foil increased in the first half of 2022 by 0.7% to 494,000 tonnes from 490,300 tonnes in H1 2021. In the West Midlands, the industrial hub of the UK, one of the top aluminium facilities, Alucast, stepped in to reap the benefits of "servitisation," a practice wherein a business can directly include consumers in its revenue collection by providing them with some fee-based service. MetLase, an engineering company in Yorkshire, collaborated with the Advanced Manufacturing Research Centre (AMRC) to significantly reduce the...
The end-user segment has witnessed various innovations this week with Ariel Motor Company (AMC) revealing the design of their HIPERCAR (High-Performance Carbon Reduction) in a fully operational mode that is similar to a Batmobile. The company will roll out limited numbers of cars featuring a lightweight aluminium chassis. Apple Inc. has announced the launch of its Apple watch Pro which will be available in only aluminium and stainless steel versions. Smith & Wesson Brands, Inc., an American gun company has rolled out fully aluminium-bodied M&P9 M2.0 Metal pistols. Airphone has introduced user-friendly, affordable and portable TW-SE and TW-SA aluminium one-piece emergency towers that can be installed on campuses or parking lots for augmented security. Ariel Motor Company (AMC) unleashed...
The Wrexham-based Hydro aluminium recycling factory achieved another security milestone. The business had gone five years without an accident as of this week. This year, Norsk Hydro added £2.4 million to their Wrexham investment to boost production capacity to 70,000 tonnes. Apart from this, on Thursday, September 1, Hydro marked the groundbreaking ceremony for Hydro's future aluminium recycling facility in Szekesfehervar, Hungary. This new facility will improve Hydro's commitment to a greener future and strengthen its position as a worldwide leader in a sector where demand for more environmentally friendly aluminium is rising. Recycling aluminium is one of the main elements for a greener and emission-free environment. Focusing on this, Alupro, the organisation for recycling aluminium...
The LME aluminium benchmark price has slumped this the week by US$34.50 per tonne. On Monday, September 5, LME aluminium cash bid price and LME aluminium official settlement price decreased by US$18 per tonne and US$18.50 per tonne to stand at US$2,290 per tonne and US$2,290.50 per tonne, respectively. The next day, the prices lost US$32 per tonne and US$30.50 per tonne, arriving at US$2,258 per tonne and US$2,260 per tonne. On Wednesday, September 7, LME aluminium cash bid price reached US$ 2,230 per tonne, seeing a fall of US$28 per tonne, while LME aluminium office settlement price parked at US$2,230.50 per tonne, rolling down by US$29.50 per tonne. The prices continued to decline further on September 8 to rest at US$2,255.50 per tonne and US$2,256 per tonne, respectively. However, on...
Novelis Inc., an American industrial aluminium company, has reportedly announced the launch date and venue of its new laminated aluminium surfaces for beverage can ends. As per the report, the product will be showcased on September 27-29 at ALUMINIUM 2022 in Düsseldorf. Laminated with black film, the can ends are particularly popular in premium and innovative beverage products. They are expected to advance the aluminium beverage packaging industry, improving container appearance, increasing process efficiency, and reducing carbon emissions for European beverage can makers. The laminating film is free of Bisphenol A (BPA) and per- and poly-fluoroalkyl substances (PFAS) and meets all food and beverage industry requirements. At Novelis’ Göttingen site in Germany, which specializes in rolled...
The new Hennessey Venom F5 Roadster is inspired by the Texas-based company’s sold-out collection Venom F5 Coupe that was released last year. The latest model weighs below 3,100 pounds because of its experimentation with lightweight aluminium alloy wheels. Mid-mounted on a carbon-fibre chassis, the twin-turbocharged 6.6-litre V8 engine yields an output of 1,817 bhp reaching a top speed of 300 mph on paper. Hennessey’s Venom F5 Roadster has been designed to outdo the company’s own Venom GT Spyder which has the ‘World’s fastest convertible’ record to its name. Its maximum reported speed has been 265.6 mph. The F5 Roadster features a re-engineered roof with removable panels forged from tough carbon fibre material, while the roof is totally lined and insulated with Alcantara upholstery. The...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 11,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 8, the inventories totalled 672,000 tonnes, which in comparison with the month’s first Monday, September 5, shrunk by 9,000 tonnes. As of now, the inventories in September dropped by 73,000 tonnes as recorded in the same period last year. Wuxi, Foshan and Gongyi were all subjected to small-scale destocking. Though the market sell-out in China’s Gongyi had downsized this week, but some downstream companies began to stockpile due to the upcoming Mid-Autumn Festival, resulting in a mild inventory drop. Output cut in Sichuan was the reason for inventory decline in...
On Thursday, September 8, China's aluminium billet inventories plunged by 2,100 tonnes W-o-W across four major consumption areas. All other regions showed a reduction in their inventories, except Foshan, which had a build-up. Due to rising aluminium prices, downstream purchasers stocked at reduced prices, which aided in the destocking process and Yunnan's power difficulties and the impending holiday. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan has hiked by 3,000 tonnes to close at 78,200 tonnes from 75,200 tonnes recorded last week. The inventory in Foshan increased due to significant arrivals and a minimal improvement in downstream demand. As a result, the inventory in Wuxi dropped by 2,700 tonnes to...
After two weeks of price hike on August 26, National Aluminium Company Limited’s (NALCO) both aluminium ingot and aluminium products prices have seen a sharp cut, with effect from Friday, September 9. NALCO has axed its aluminium ingot price by INR 15,900 per tonne or 7 per cent to INR 210,150- 213,650 per tonne. NALCO's aluminium wire rod price has also been chopped by INR 15,900 per tonne from INR 229,550-233,900 per tonne on August 26 to INR 213,650- 218,000 per tonne. Seeing a cut of the same amount, NALCO’s aluminium billets price is ranging between INR 214,600- 217,250 per tonne versus INR 230,500-233,150 per tonne two weeks ago. NALCO has sharply cut its aluminium ingot and aluminium products prices in response to the downtrend of the LME aluminium benchmark price. Between August...
The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd, launched a website ( www.metals.lk ) that will make selling scrap in Sri Lanka easier. The website has been created for the Ministry of Industries and Industrial Development Board (IDB), making it easier for firms islandwide to acquire and sell scrap metal, including aluminium, brass, and copper. Exporting scrap metal has been forbidden since the implementation of import limits in 2020, and the Industrial Development Board is the only entity with authority to oversee the sale of scrap metal. Local producers faced difficulties as a result of the time-consuming and resource-wasting nature of the process of selling waste metal. As a result, this website will help business owners use...
On Thursday, September 8, Alcoa Corporation announced it received certification from the Aluminium Stewardship Initiative (ASI) for its remaining Poços de Caldas operation in Brazil. Now, all of Alcoa’s Brazil operations are ASI-certified, bringing the total number of the company’s ASI Performance Standard certifications to 17. Alcoa’s Poços de Caldas site is the company’s first site in Brazil, founded in 1965, comprised of a bauxite mine, alumina refinery, and aluminium casthouse. All of them passed the required criteria to earn the ASI Performance Standard certification. Poços de Caldas is also Alcoa’s sole producer of aluminium power. “This certification marks an important milestone in our efforts to ensure that all of our Brazilian operations adhere to the highest sustainability...
The Chief Executive Officer of EPIQ Machinery, Éloïse Harvey, and the Chief Executive Officer of DTA, Miguel de Sebastian Merello, have announced their recent teaming agreement. This close collaboration between EPIQ Machinery and DTA is full of potential, bringing an array of AGVs possibilities to the international aluminium market. With over 20 years of experience in designing and supplying heavy-duty vehicles, EPIQ Machinery has an in-depth knowledge of the aluminium industry and its challenges. Since 2016, the company has been investing in Research and Development to design the safest and the most reliable Electrical auto-guided vehicle to be operated in aluminium smelter potrooms. Following the AGV TEAM prototype launch in 2018, the first North American electrical auto-guided Molten...
On 8th September 2022, India's significant rating agency, ICRA, stated that the country's primary aluminium producers operating margins are likely to contract by 400-500 basis points (BPS) consecutively in the second quarter of 2022-23 on the aspect of high production cost. ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment Information and Credit Rating Agency. ICRA said, "Owing to a twin onslaught of correction in aluminium prices and elevated input costs, the estimated operating profitability of ICRA's sample set of domestic players is likely to contract sequentially by almost 400-500 bps in...
