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,...
Grow with
AL Circle
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...
An Bord Pleanála, an independent, statutory, quasi-judicial body in the Republic of Ireland, has granted permission to the Russian-owned Aughinish Alumina Limited to enlarge its bauxite residue disposal area (BRDA) on the Shannon Estuary to continue to operate until 2039. The permission followed a formal application by the refinery last year, notwithstanding several oppositions from local farmers and environment groups like Environmental Trust Ireland and Futureproof Clare. The BRDA, also known as red mud pond, currently has a capacity for bauxite reside until 2030 at the refinery site in West Limerick. The new expansion plan will extend the lifetime of the BRDA until 2039, enabling the residue deposition of 1 million m3 per annum and even 8 million m3 as projected for the future. The...
Glencore, with mirth, declared that it has stepped into a ten-year-long alumina supply and aluminium offtake arrangement with the Malaysian green aluminium producer, Press Metal Bintulu Sdn. Bhd. In accordance with the Paris Agreement of 2016, Glencore wishes to achieve net zero emissions by 2050. Press Metal Bintulu is an 80 per cent subsidiary of Press Metal Aluminium Holdings Berhad, listed on the main market of Bursa Malaysia Securities Berhad. Founded in 1986 by the Koon brothers, Press Metal has its headquarters in Kaula Lampur and is the largest integrated aluminium producer in the Southeast Asian region. The smelters of the organisation, located in Sarawak, Malaysia, are mainly powered by hydro-based electricity. The facilities can produce low carbon content aluminium with 4...
One of the biggest aluminium distributors in the Midwest, Howard Precision Metals, Inc., has been acquired by Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals. Howard, based in Milwaukee, Wisconsin, specialises in value-added processing services, such as the distribution of saw-cut extruded aluminium bars and high-quality, precision-cut aluminium plates. "Building on our legacy of over 90 years in the industry, Howard is excited for this opportunity to grow our brand and business with a company that shares our values and commitment to customers. We look forward to continuing to provide excellent service to our customers as a member of the Ryerson Family of Companies,” said Mark Howard, President of Howard. Ryerson is a well-known...
LME aluminium opened at US$2,284 per tonne on Thursday and closed at US$2,277 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$25.50 per tonne or 1.14 per cent hike to rest at US$2,255.50 per tonne and US$2,256 per tonne on Thursday, September 8. 3-month bid price ascended by 1.34 per cent or US$30 per tonne to stand at US$2,267 per tonne, while the 3-month offer price witnessed a similar spike closing at US$2,268 per tonne. December 23 bid price and December 23 offer price gained 1.51 per cent or US$35 per tonne stopping at US$2,347 per tonne and US$2,352 per tonne, respectively. LME aluminium opening stock continued to decline by 0.15 per cent or 475 tonnes, from 309,500 tonnes to 309,025 tonnes as of September 8. Live warrants...
A00 aluminium ingot price in China soared up by RMB 340 per tonne to settle at RMB18,800 per tonne. The average price for the same is likely to orbit between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts to be traded at a discount price of RMB 80 to RMB 40 per tonne. The aluminium ingot price has shown growth in all the major provinces. In Foshan, the price has spiked by RMB 380 per tonne to record at RMB 18,770 per tonne. In Wuxi, Hangzhou and Chongqing, the price has ascended by RMB 340 per tonne to close at RMB 18,780 per tonne, RMB 18,380 per tonne and RMB 18,820 per tonne. On the same day, in Shenyang and Gongyi, the price halted at RMB 18,780 per tonne and RMB 18,700 per tonne after experiencing a hike of RMB 320 per tonne, respectively. As per the SMM data, the...
Airphone has rolled out user-friendly TW-SE and TW-SA aluminium one-piece emergency towers that are affordable, portable and easy to install due to their lightweight properties. These sleek aluminium towers feature a peer-to-peer design mountable on any existing construction. Emergency towers are very crucial for public compounds and community areas. Proper placement of emergency towers and wall boxes can detect crime in areas that seldom have police recce. Plus, a visual indicator makes it easier to determine the key crime location. Areas such as parking zones, campuses, malls, cinema halls etc., are appropriate places to install an emergency tower that can record data for an entire day and can be easily located as the beacon is always lit. The TW-SE aluminium tower has a huge...
On Thursday, September 8, Aluminium Stewardship Initiative announced the appointment of Andrew Wood as Director of Sustainable Investment and Legal, who will begin his tenure on October 3, 2022. As internal legal counsel for ASI and as a co-company secretary with the CEO, Andrew will be in charge of advancing ASI's engagement with the sustainable finance and investment sector. He will also acquire and analyse market data and help ASI in its mission to change the world's aluminium supply chains to reduce ESG risks. Furthermore, Andrew will support ASI's Beyond Certification strategy pillar. At Alumina Limited, where he spent 14 years getting expertise in the aluminium business, Andrew served as Group Executive Strategy and Business Development. This came after almost 20 years of experience...
Aludecor, a quickly popularising metal composite panel brand from India, honoured the country's Corporate Signage Industry heads in a current industrial event held at the City Luxury Hotel in Delhi. Aludecor has been serving the Indian sub-continent with aluminium composite panels (ACP) for the past twenty years with a signage market size valued at INR 1,200 crores and a premium clientele base consisting of names like HPCL, BPCL, IOCL, Reliance Jio BP, Maruti Nexa, Kia Motors and many more. This is the first initiative by any firm to recognise the contributions of the corporate signage categories creating a benchmark in the area. Aludecor's ACP-making segment has grown exponentially in the past three years, recording a CAGR of 30 per cent. With the advent of new metro stations, airports...
Panoramic Growth Equity has supported the Lisburn-based stockholding firm, Aluminium & Plastic Solutions (APS), which sells PVCu and aluminium materials to the building sector. With this agreement, Panoramic has now made two investments in Northern Ireland. APS was founded in 2000 and specialises in architectural aluminium glazing solutions for residential and commercial structures. The firm also carries a variety of windows, doors, louvres, roof lanterns, rainwater systems, aluminium and steel sheets and extrusions, and aluminium and PVC fascias. Alan Denver and Ivan Bradford, two of the initial stockholders, were able to leave their operational positions at APS thanks to Panoramic's investment. "Chris and I are delighted to have been backed by Panoramic and believe they will be a strong...
Vedanta Limited has again reduced its aluminium ingot and aluminium products prices, with effect from Wednesday, September 7, following an intermittent raise on September 3. With the latest cut, the company’s aluminium ingot price has come in at INR 209,250- 238,750 per tonne, down by INR 4,000 per tonne or 2 per cent from INR 213,250-242,750 per tonne. Vedanta’s aluminium wire rod price has also experienced a cut of INR 4,000 per tonne from INR 220,750-228,250 per tonne on September 3 to INR 216,750- 224,250 per tonne on September 7. Aluminium billet price is now ranging between INR 218,250 per tonne versus INR 222,250 per tonne on September 3. Vedanta has again cut its aluminium prices, linked to the three-month futures of aluminium on the London Metal Exchange. Over the past three...
On August 23, Tetra Pak released its annual sustainability report for 2022, where the Switzerland-based packaging expert justified the sudden change in material preference of retailers in packaging their products was due to sustainability issues. Tetra Pak’s report illustrates that 1.2 million tonnes of cartons were returned and circled down to recyclers worldwide in 2021, almost 26 per cent of the total cartons sold that year. Many food and beverage producers use cartons made of aluminium and cardboard instead of plastic, which some in the industry claim is more eco-friendly. The supermarket brand Morrisons has altered the packaging for its in-house brand milk bottles. Still, when the transformation was declared, the plastics recycling charity organisation, RECOUP gave information that...
At an event organised by the European aluminium and solar power sectors, represented by European Aluminium and SolarPower Europe, 12 energy-related organisations and city associations reaffirmed their support for a 45 per cent renewable energy target for the EU by 2030. They also urged the Council of the European Union to level up with the spirit of the European Commission and European Parliament. “We are committed to eliminating our dependence on Russian fossil fuels as quickly as we can. Recent events have confirmed that renewables are not only beneficial for providing more sustainable energy, but they also play a role in making our energy supply more affordable and more secure across the EU. We need to move even faster, and that is why we have proposed that we increase our European...
The Ukraine-Russia conflict has caused relentless aluminium production cuts at European smelters this year. In addition, the indefinite suspension of the “North Stream No. 1” gas pipeline in Russia, coupled with the electricity price surge, has worsened the situation further. It is reported that the largest aluminium smelter in Europe will step up its output cut next week. European aluminium production capacity cut has already reached beyond 1 million tonnes to date and is likely to be reduced further before winter. But due to relatively a smaller size of production capacity of about 4.8 million tonnes in Europe, the output cuts have had limited impact on the total supply so far, resulting in global aluminium price boost. Since the electricity supply in Europe is primarily dependent on...
A00 aluminium ingot price has heightened by RMB 60 per tonne to close at RMB 18,460 per tonne, as the Shanghai Metals Market recorded on Thursday, September 8. The average prices are expected to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at discount prices of RMB 60 per tonne and RMB 20 per tonne. The provinces in China have witnessed a hike in aluminium prices today, with A00 aluminium ingot price increasing the highest in Linyi by RMB 110 per tonne to RMB 18,510 per tonne, followed by an RMB 90 per tonne rise in Tianjin to RMB 18,510 per tonne. The prices of aluminium in Chongqing and Foshan have recorded an RMB 70 per tonne upward strike to settle at RMB 18,480 per tonne and RMB 18,390 per tonne. The aluminium prices have seen a spike of...
LME aluminium opened at $2,263 per tonne on Wednesday and closed at $2,241 per tonne. On Wednesday, September 7, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$28 per tonne or 1.24 per cent and US$29.5 per tonne or 1.30 per cent to settle at US$2,230 per tonne and US$2,230.50 per tonne. On the same day, 3-month bid price and 3-month offer price slumped by US$25 per tonne or 1.10 per cent to score at US$2,237 per tonne and US$2,238 per tonne. December 23 bid price and December 23 offer price slipped by US$13 per tonne or 0.55 per cent to stop at US$2,312 per tonne and US$2,317 per tonne. LME aluminium opening stock halted at 309500 tonnes. Live warrants and Cancelled warrants closed at 229075 tonnes and 80425 tonnes. LME aluminium 3-month Asian...
Jamalco experienced one of the worst disasters in its 63-year history on 22nd August 2021 and marked 22nd August 2022 as the first anniversary of the fire incident at its alumina refinery. Jamalco is a joint venture between General Alumina Jamaica Limited and Clarendon Alumina Production Limited (CAP), focusing on bauxite mining and alumina production. Jamalco mines bauxite and refines it into alumina before it is exported from its port at Rocky Point, Clarendon. An extensive fire broke out at the company's powerhouse on Sunday, August 22, 2021, damaging it extensively and dislocating its source of power, compressed air, and steam used for refining operations. Production was halted for over ten months as a result of the event. A year later, the company reports that phase one of the...
On Wednesday, September 7, Sortera Alloys, Inc., an Indiana-based producer of low-cost, high-quality aluminium alloys, announced its expansion plan on a new 200,000 sq. ft. processing facility in Markle. As per the report, formal groundbreaking of the new site will take place in the fourth quarter of 2022 and the construction in the first quarter of 2023. The announcement of new facility followed Sortera’s fund raising of $10 million to advance end of life recycling for automotive metals. Michael Siemer, CEO of Sortera Alloys, said: “The new facility represents a significant milestone for Sortera as we look to scale our operations and capture a large chunk of the 4 billion lbs. of scrap alloy that is currently sent overseas. This will allow us to fill the increased demand for high-quality...
