AlCircle News Edited By "Staff Editor"
Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and Exchange Commission (SEC) in connection with its proposed acquisition of South32 Limited's interests across the bauxite, alumina and aluminium value chain. Under the transaction agreed on June 30, 2026, Alcoa will pay South32 USD 3.1 billion in upfront cash and about USD 1.0 billion in Alcoa shares, while also assuming around USD 750 million in net debt and lease liabilities. A further USD 750 million in contingent cash consideration could become payable depending on alumina and aluminium prices...
DCM Shriram starts aluminium extrusion operations at Kota as ₹1.5b project progresses
DCM Shriram Limited has commissioned its Main Aluminium Extrusion Plant at its Kota Unit on September 1, 2026, marking a key step in the company's expansion into aluminium extrusion and surface finishing. The company said the extrusion plant became operational at 10:30 AM. following the Board of Directors' earlier approval for the establishment of an Aluminium Extrusion and Surface Finish plant. This marks the completion of Phase 1 of DCM Shriram's building materials expansion strategy. The accompanying surface finish plants remain under installation and are scheduled to be launched in phases. The project involves an investment of INR 1.5 billion (USD 15.7 million) for establishing the plant at DCM Shriram’s Kota Unit. To know the global production, demand and consumption forecasts of...
LME aluminium cash price rises to $3,260.5/t, Asian Reference Price gains 1.2% on September 1
The London Metal Exchange (LME) aluminium market recorded higher prices across its cash and futures contracts on September 1 compared with the August 28 session, while opening stocks remained largely stable. The LME aluminium cash bid increased 1.21 per cent from USD 3,221.5 per tonne on August 28 to USD 3,260.5 per tonne on September 1. The cash offer also rose 1.21 per cent, from USD 3,222 per tonne to USD 3,261 per tonne. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The three-month contract also moved higher. Both the bid and offer climbed 0.62 per cent. Bid from USD 3,240 per tonne to USD 3,260 per tonne, and the offer rose from USD 3,241 per tonne to USD 3,261 per...
NALCO's record FY26 sets stage for major aluminium expansion push
National Aluminium Company Ltd (NALCO) has reported its highest-ever operational and financial performance for FY2025-26 as the state-run aluminium producer moves ahead with major expansion projects and a broader push into critical minerals and resource security. National Aluminium Company Ltd (NALCO) has delivered its highest-ever operational and financial performance in FY2025-26, with the state-run aluminium producer also preparing to expand production capacity across its alumina, bauxite, aluminium and captive power operations. Addressing NALCO's 45th Annual General Meeting, Chairman-cum-Managing Director Brijendra Pratap Singh said the company achieved record performance across key operational parameters during the year, resulting in its highest-ever revenue from operations, profit...
Canyon Resources fights back against A2MP's low-ball takeover bid
Canyon Resources' independent board committee says A2MP's AUD 0.05 (USD 0.036) offer materially undervalues the Cameroon-focused bauxite developer as questions also emerge over A2MP's potential ties to another major shareholder. Canyon Resources' independent board committee has recommended that shareholders reject a takeover offer from majority owner A2MP Investments, arguing that the bid materially undervalues the company and its Minim Martap bauxite project in Cameroon. A2MP, which controls 55.56 per cent of Canyon through associates, launched a conditional cash offer on July 29 to acquire the Canyon shares it does not already own for AUD 0.05 (USD 0.036) per share. The offer values Canyon at approximately AUD 103 million (USD 73.8 million). The independent board committee, including...
Indonesia seizes $19.1m in assets in bauxite mining corruption case
Indonesia's Attorney General's Office has seized assets worth IDR 338.36 billion (USD 19.1 million) and named five suspects in an alleged corruption case involving a bauxite mining permit in West Kalimantan. Indonesia's Attorney General's Office (AGO) has seized IDR 338.36 billion (USD 19.1 million) in assets belonging to Sudianto, also known as Aseng, the beneficial owner of PT Quality Success Sejahtera (QSS), as part of an alleged corruption investigation into the company's bauxite mining business permit. The seizure was carried out by investigators from the AGO's Special Crimes division and the Asset Recovery Agency between August 25 and 29 at several locations under the jurisdiction of West Kalimantan. The assets include land, buildings, mining equipment, barges, tugboats and vehicles...
Indonesia sees aluminium opportunity in Middle East supply crisis, but coal is powering the race
CREA estimates that Chinese investment in Indonesia's aluminium industry currently stands at between USD 5.5 billion and USD 6 billion, and forecasts that figure could rise to USD 30 billion by 2030. China currently produces around 60 per cent of the world's aluminium. Chinese companies began expanding into countries such as Indonesia after Beijing imposed a domestic cap on aluminium production in 2017 as part of efforts to address overcapacity. Putra Adhiguna of Jakarta-based Energy Shift Institute said Indonesia's relatively fewer restrictions have helped attract investment. The expansion also benefits from Indonesia's classification of aluminium and nickel as “transition minerals”, given their use in technologies such as electric vehicles and solar panels. But that classification has...
UBS upgrades Kaiser Aluminum as Q2 EBITDA rises 60% and earnings outlook strengthens
Kaiser Aluminum shares rose 0.3 per cent in Monday's trading after climbing as much as 4 per cent earlier in the session, following an upgrade from UBS to Buy from Neutral. UBS also raised its price target on the aluminium producer to USD 184 from USD 179. The upgrade came after Kaiser Aluminum's shares had fallen 19 per cent from their August highs, despite what UBS described as a strong second-quarter performance. UBS analyst Alex Stansbury said the decline had created an attractive entry point as the company's earnings power continues to improve. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " Kaiser's second-quarter EBITDA increased 60 per cent year-on-year, rising by USD 41...
Alba strengthens corporate leadership with new finance, legal and HR talent
Aluminium Bahrain B.S.C. (Alba) has appointed three executives across finance, legal and organisational development, strengthening its leadership capabilities as the company prepares for its next phase of growth. Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter on one site, has strengthened its leadership team with three strategic appointments spanning finance, legal affairs and organisation development. The company has appointed Layla Al Qassab as Director of Finance, effective September 1, 2026; Taimur Tufail as Manager Legal, effective August 23, 2026; and Aysha Salem as Manager Organisation Development & HR Analytics, effective September 6, 2026. Alba said the appointments will further strengthen its leadership capabilities, enhance organisational effectiveness...
Alcoa to build 100t gallium facility at Wagerup alumina refinery with $174m Pentagon support
The Pentagon has announced a USD 174 million financing package for the aluminium producer Alcoa to set up a gallium production facility at its Wagerup alumina refinery in Western Australia, bringing critical mineral production into the refinery’s operations. The new facility is expected to produce approximately 100 tonnes of gallium metal annually. Construction began last month, marking a significant step towards expanding production of the critical metal and strengthening supply capabilities. The initiative is a multinational partnership with Export Finance Australia (EFA), the Government of Japan, and Sojitz Corporation. To learn about the market potential of aluminium dross, explore " ALuminium Dross Processing: Generation, Recovery & Strategic Roadmap " Gallium is not generally mined...
Canada doubles US steel and aluminium tariffs to 50% as trade conflict escalates
Canada will raise tariffs on US steel and aluminium to 50 per cent from September 8 as part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package, while Ottawa introduces CAD 7.5 billion (USD 5.4 billion) in support for workers and businesses affected by the trade dispute. Canada will double its tariffs on US steel and aluminium from 25 per cent to 50 per cent , while imposing additional duties on more than 700 American products as trade tensions between the two countries intensify. The measures, which take effect on September 8, form part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package. The federal government said the measures are intended to match the latest round of US tariffs on Canadian goods dollar for dollar. The new duties will also cover products including...
Global aluminium output falls to 6.2Mt as prices rise 0.35%, SHFE stocks dip 3% & Gulf output drops 44%
Aluminium prices settled 0.35 per cent higher at INR 345.6 (USD 3.64), backed by declining exchange inventories, expectations of additional fiscal measures in China and concerns over constrained supply from the Middle East. However, improving production prospects in the region limited further gains. Aluminium warehouse scenario Aluminium inventories in Shanghai Futures Exchange ( SHFE )-monitored warehouses declined by 3 per cent from the previous week. Stocks at three major Japanese ports also fell 8.8 per cent month-on-month to 201,000 tonnes at the end of July, partly reflecting lower imports from the Middle East amid tensions resulting from the US-Iran conflict. China's economic outlook has also supported expectations of further policy measures. The country's GDP growth slowed to 4.3...
New DuAlumin-3D alloy could unlock stronger 3D-printed aluminium engine parts
Scientists at Oak Ridge National Laboratory have advanced the use of DuAlumin-3D for high-temperature automotive components, opening new possibilities for stronger, lighter 3D-printed aluminium parts in engines and beyond. Aluminium has long been attractive for automotive components because it combines low weight with useful thermal properties. But when manufacturers try to push aluminium into demanding, high-temperature applications using additive manufacturing, the material can run into a major problem: cracking during the printing process. Researchers at Oak Ridge National Laboratory (ORNL) have now demonstrated that DuAlumin-3D, an innovative aluminium alloy, could help overcome that limitation. The alloy performed better than traditional aluminium alloys during laser powder bed...
Epsilon gets $15.2m boost to build India's indigenous graphite anode supply chain
Epsilon Advanced Materials has secured INR 1,450 million (USD 15.24 million) in government CAPEX support under India's Electronics Components Manufacturing Scheme, strengthening plans to scale domestic graphite anode production for batteries. India's push to build a self-reliant battery materials supply chain has received a fresh boost after Epsilon Advanced Materials secured government approval for its graphite anode material project under the Electronics Components Manufacturing Scheme (ECMS). The company has been approved for INR 1,450 million (USD 15.24 million) in capital expenditure support, equivalent to 25 per cent of the project's total capital investment, from the Ministry of Electronics and Information Technology (MeitY). The approval is particularly significant because Epsilon...
109% rise in aluminium imports & 28% drop in domestic output lead New Zealand extruders to seek urgent actions
New Zealand’s aluminium extrusion industry is calling for urgent government action as it faces growing pressure from low-priced imports. The Aluminium Extruders Association of NZ (ALENZ) says a rise in imported aluminium extrusions, particularly from China, is affecting local manufacturers, with some products entering the market at prices below the cost of the raw aluminium billet used by domestic producers. ALENZ applied for a safeguard investigation into aluminium extrusion imports, and Commerce and Consumer Affairs Minister Cameron Brewer initiated the investigation on May 27. The Ministry of Business, Innovation and Employment (MBIE) is required to report to the minister by late September under the statutory 85-working-day timeframe set out in the Trade (Safeguard Measures) Act. The...
Ireland withholds Aughinish Alumina correspondence over commercial sensitivity concerns
Ireland’s Department of Enterprise has refused to release correspondence with Aughinish Alumina, saying the information was provided in confidence and could potentially affect the Limerick refinery’s business if disclosed. The decision follows the Irish government’s earlier review of allegations concerning alumina exports from the refinery to Russia. That review found no adverse findings against Aughinish Alumina. It said the Department found “no evidence corroborating the media assertions” after seeking information from bodies inside and outside Ireland. The latest issue relates to correspondence between the Department of Enterprise and Aughinish Alumina management. A Freedom of Information request was submitted on June 17 seeking access to the documents, but the Department refused to...
5 Mt by 2030: India’s green hydrogen investment pipeline expands from Gujarat to Odisha
India’s green hydrogen push is gradually moving from targets and project announcements towards building the infrastructure needed for large-scale production. Manufacturing facilities, renewable power projects, ammonia plants and port infrastructure are becoming important parts of the next stage of development. The country aims to produce 5 million tonnes of green hydrogen by 2030 under the National Green Hydrogen Mission. So far, the government has awarded 3 GW of annual electrolyser manufacturing capacity to 15 companies and 862,000 tonnes per year of green hydrogen production capacity to 18 companies. Another 724,000 tonnes per year of green ammonia supply has been allocated for 13 fertiliser units across the country. Gujarat is emerging as a major location for these investments. Around...
Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates
Saudi Arabian Mining Co. (Maaden) has secured USD 1 billion in inaugural international syndicated credit facilities, with strong demand from global lenders highlighting confidence in the company's expansion strategy and Saudi Arabia's broader mining ambitions. Maaden has secured USD 1 billion in international credit facilities as the Saudi mining giant looks to expand its operations and capture opportunities created by the Kingdom's rapidly developing mining sector. The financing was significantly oversubscribed, attracting participation from leading international banks across the US, Canada, Europe, China and Japan. The strong demand gives Maaden broader access to international sources of capital while signalling lender confidence in the company's financial position, strategic direction...
