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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After Sichuan, another southwestern Chinese province that emerges as being affected by hydropower shortages is Yunnan, triggering concerns over potential output reduction in the province. According to the latest survey by Shanghai Metals Market, many smelters in Yunnan have expressed concerns over power supply, though having normal operations to date. A possible production cut in Yunnan, a major aluminium producing province leveraging hydropower, is anticipated to be adversely impactful for the entire aluminium industry. Yunnan, for having substantial hydropower resources and favourable policies for smelting, could manage to attract a sizeable amount of aluminium capacity over a few years. As per the current data, the installed aluminium capacity in Yunnan currently stands at around 5.63...
The importance of recycled aluminium in the extrusion sector is becoming more significant. On Thursday, September 1, Hydro marked the groundbreaking ceremony for the construction of its upcoming aluminium recycling plant in Szekesfehervar, Hungary. In a market where demand for greener aluminium is increasing, this new plant will solidify Hydro's position as a global leader and enhance its commitment to a greener future. The aluminium factory, which will be constructed next to Hydro's aluminium extrusion facility in Szekesfehervar, will make sophisticated alloys for extrusions utilised in the luxury car market. The new plant is anticipated to begin production in Q1 2024 and will have an annual capacity of 90,000 tonnes. About 80 new jobs will be created due to the investment, estimated to...
According to our report from the Gulf region, the Crown Prince and Prime Minister of Bahrain Salman bin Hamad Al-Khalifa, has issued an order to restructure the board of sovereign wealth fund Mumtalakat Holding with Finance Minister Salman bin Khalifa Al-Khalifa as its chairman. Mumtalakat reported its standalone annual results in June 2022, which revealed a rise in profit for 2021 from a loss in 2020. Further, Mumtalakat has slightly more than $18 billion in assets under management. The investment holding company’s strategic investments division holds a portfolio of Bahrain-based strategic investments in companies like Gulf Aluminium Rolling Mill Company (GARMCO). Today, with an annual production capacity of over 165,000 tonnes, it ranks as one of the region's largest manufacturers of...
Aluminium Stewardship Initiative has reportedly granted Alu-met GmbH, an Austria-headquartered producer and supplier of high-quality aluminium billets, with Chain of Custody Standard certification. The company has bagged the recognition for aluminium extrusion billets production from recycled scrap at casting facilities - Aluminium GmbH Nachrodt (Germany) and Speedline Aluminium-Gießerei GmbH (Austria), and also for relevant functions at the head office. Earlier, Alu-met received full ASI Performance Standard Certification for its Speedline Aluminium-Gießerei GmbH facility in 2020 and Aluminium GmbH Nachrodt in 2022. The ASI Chain of Custody Standard certification is given to those who create a Chain of Custody for material produced and processed through the value chain into diverse...
LME aluminium opened at US$2,310.5 per tonne last Friday and closed at US$2,305 per tonne. On the bright side power supply at Sichuan province has increased leading to a recovery of balance in the economy with aluminium production rising up. LME aluminium cash bid price stopped at US$2,308 per tonne, with a 0.11 per cent or US$2.50 per tonne hike on Friday, September 2, while LME aluminium official settlement price rested at US$2,309 per tonne, experiencing an increase of US$3 per tonne or 0.13 per cent. 3-month bid price witnessed a 0.02 per cent or 50¢ per tonne slump to stand at US$2,300 per tonne and the 3-month offer price also had a similar percentage subtracted from it, arriving at US$2,301 per tonne. December 23 bid price and December 23 offer price expanded by US$5 per tonne or...
A00 aluminium ingot price in China has hiked by RMB 310 per tonne to settle at RMB 18,420 per tonne. The average price for the same is expected to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contracts to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00 aluminium ingot price has expanded in all the major provinces. To begin with, the price in Gongyi has recorded a rise of RMB 330 per tonne to score at RMB 18,400 per tonne.On the same day, the price in Foshan, Wuxi and Hangzhou increased by RMB 300 per tonne to rest at RMB 18,330 per tonne, RMB 18,400 per tonne and RMB 18,450 per tonne. In Chongqing and Linyi, the price has hiked by RMB 290 per tonne and RMB 280 per to stand at RMB 18,430 per tonne and RMB 18,470 per tonne. A00 aluminium ingot...
IMIDRO reported that its subsidiaries had produced 222,053 tonnes of primary aluminium in the current fiscal year's first four months (March 21-July 22) to register a 27% increase in production compared with the same phase of the previous fiscal year. The Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, is a major state-owned holding company active in the mining sector in Iran. The South Aluminum Company contributed 95,853 tonnes to the total output. Iran Aluminum Company followed it with 61,478 tonnes, Almahdi Aluminum Company with 52,456 tonnes and Iran Alumina Company with 12,266 tonnes. Iran Alumina Company produced 80,986 tonnes of alumina powder in four months, the sole producer of alumina powder in Iran. The output increased by 7% compared to 75,396...
The supply resumption of one of Russia's main gas routes to Europe on 3rd September 2022 was scraped, which sparked fears of winter fuel shortages. It highlighted a dispute between Gazprom and Siemens Energy over repairs to the pipeline. After its short maintenance, the Nord Stream 1 pipeline was expected to resume its flow this week as European governments battle to control soaring gas prices. In spite of this, Russia abruptly cancelled the restart, citing an oil leak in a turbine. In the aftermath of the Russia-Ukraine geopolitical crisis, Europe has accused Russia of weaponizing energy supplies, whereas Moscow blames Western sanctions and technical difficulties. Nord Stream's latest shutdown, which Russia says will last for as long as necessary to complete repairs, has added to fears...
On 2nd September 2022, Vedanta Limited-Lanjigarh stated that the country's foremost metallurgical grade alumina producer bagged multiple awards for its environmental, healthcare, and education initiatives. The alumina refinery bagged the first prize for ‘Environmental Protection’ at the 22nd Greentech Environment Awards-2022. Moreover, it took home top honours at the 9th Annual CSR India Award 2022 with its impactful initiatives in 'Promotion of Healthcare' and 'Promotion of Education'. GG Pal, the Deputy CEO at Vedanta Limited, Lanjigarh, said, “Sustainable development through excellence in Environmental, Social and Governance practices is central to how we run our operations at Vedanta Limited, Lanjigarh. We believe that our progress as an organization should create a long-term positive...
This week, the primary aluminium industry has been in the news for multiple reasons. To begin with, China, the largest user of primary aluminium raw materials worldwide, expressed concern about the likelihood of a global recession and economic stagnation and warned of the prospect of reduced market size. As a result, the industry's purchasing power decreased significantly. Due to this, LME aluminium official price nosedived by US$88.5 per tonne to settle at US$2,406.50 per tonne. Besides this, on Thursday, the LME aluminium benchmark price fell to its lowest level in 16 months as new concerns about poor demand arose in the wake of disappointing economic data. On the other hand, rising energy prices caused Alcoa to reduce the output at the Lista aluminium smelter by one-third. Apart from...
Vedanta Limited further reduced its aluminium ingot and aluminium products prices on September 2, in line with the continued downfall of the global aluminium price on LME. As per the revised price list shared by the company, Vedanta cut its aluminium ingot price by INR 6,250 per tonne to INR 212,000-241,500 per tonne. Vedanta’s aluminium wire rod price also saw an increase of INR 6,250 per tonne from INR 225,750-233,250 per tonne on September 1 to INR 219,500-227,000 per tonne on September 2. Aluminium billet price also experienced a back-to-back slash on September 2 to come in at INR 221,000 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which slid by US$62.50 per tonne or 2.64 per cent on...
The downstream sector has seen major advancements this week with Sistem Teknik installing a homogenising furnace at the former Alcoa smelter at Portoscuso, Italy which is presently owned by Sider Alloy Italia. This will enhance the billet forging process due to the incorporated electric heater cassettes and fans while saving major capital investment. Effective from September 1, Vedanta has cut down its aluminium wire rod price by INR 3,250 per tonne which has been an extreme hit and is the result of downgrading LME aluminium prices. The Swiss National Bank single-handedly raised Kaiser Aluminium’s shares by 7.4 per cent with the purchase of 2,600 additional stock shares of the company, closing in at 37,500 shares in all, costing US$3,531,000. Alcoa’s old smelting unit, situated at...
With the world moving towards sustainability, big aluminium players are transforming the way their enterprises worked in the past and adopting methods of waste management. It is therefore quite common to find recycled aluminium in the end-user sector. But overall, this week the sector has been quite busy with activities. Ardagh Group appointed AFRY as their engineering and consultation partner to smoothly continue operations at its newly opened Ardagh Metal Packaging factory and the Ardagh Glass Packaging factory in Brazil. The world’s largest aluminium catamaran developed by Incat, is a high-speed watercraft powered by liquefied natural gas (LNG) and is being housed at the Incat yard in Tasmania, Australia. Kerala platforms from August 1 have been upgraded with Linke Hofmann Busch...
Hulamin, a South African aluminium supplier and exporter, announced robust earnings, with a hike of 147 per cent for the first half of 2022 ended June 30. Revenue rose by 45 per cent to R7.9 billion, and operating profit surged by 144 per cent to R223 million amid the challenges posed on working capital by a record high LME aluminium price during the said period. Outgoing Hulamin CEO Richard Jacob said: “… 2022 began with solid demand, firmer prices than in recent years, and a weaker rand/dollar exchange rate. Turnover increased by 45 percent, and profits increased by 144 percent, despite the constraints experienced at Durban Port; the impact on the automotive market due to the KwaZulu-Natal floods; and the challenges posed on working capital by the record-high LME Aluminium prices...
On Thursday, September 1, China’s aluminium billet inventories descended by 500 tonnes or 0.41 per cent W-o-W to settle at 119,700 tonnes. All the other regions showed a decrease in inventory, except Foshan. Following the drop in aluminium prices, some small-scale restocking activities were noted. The stockpile of aluminium billets is not anticipated to decrease, given that downstream business orders have not significantly improved. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan grew by 3,900 tonnes or 5.46 per cent to settle at 75,200 tonnes from 71,300 tonnes recorded last week. On the other hand, the inventory in Huzhou plunged by 3,000 tonnes or 5.78 per cent, to stop at 16,000 tonnes. In Changzhou...
India's leading aluminium truss manufacturer, Rohtak-based Company Devil Truss, has introduced the country's strongest and biggest aluminium truss, namely, Giant Truss. The company has earned a reputation for providing aluminium truss solutions for band or music concerts in India for the last eight years and has a desire to achieve complex designs. Devil Truss, with this new addition, wishes to strengthen the bonds on stage and the virtual relationships it has built with customers. Devil Truss aluminium profiles are immensely desired in the Indian wedding scene, where extravagance is a must. Otherwise, these trusses are used during sports or corporate events and essential public gatherings that require semi-permanent augmented platforms. Devil Truss is keen on taking up challenges for...
On 2 nd September 2022, the Dutch aluminium producer Aldel announced facility in Farmsum will be placed in “care and maintenance” as of September 1, 2022. The company has stated that this step has been taken due to skyrocketing energy prices and a lack of government support. The Works Council meeting and other stakeholders were consulted before making this decision. Damco produces high-quality, value-added aluminium, essential for Europe's energy transition, and a highly skilled workforce. The company said, "A controlled pause makes it possible for (Aldel) to be ready to start production again when circumstances improve." The company had halted Delfzijl's primary production in October 2021, but recycled aluminium production continued. Damco can restart production after a controlled...
In a novel breakthrough, University of California scientists have developed a special aluminium alloy that produces hydrogen at room temperature by reacting with water. Aluminium is a reactive material that already separates oxygen from water molecules, leaving hydrogen behind. According to Santa Cruz Works, the novel aluminium nanoparticles combine with water to produce hydrogen at room temperature. Aluminium is a very reactive material that produces hydrogen by absorbing oxygen from water molecules. Even though aluminium has a strong affinity with air and forms a protective aluminium oxide layer when it comes into contact with water, it is frequently used in water-based devices due to its quick reaction and lack of risk. The new study uses affordable gallium and aluminium alloy to make...
