AlCircle News Edited By "Staff Editor"
Vedanta Aluminium Metal appoints S R B C & Co. LLP as statutory auditor
Vedanta Aluminium Metal Limited has appointed M/s S R B C & Co. LLP as its statutory auditor with immediate effect to fill a casual vacancy created by the resignation of its previous statutory auditors on June 12, 2026. The appointment was approved by the company's Board of Directors based on the recommendation of the Audit and Risk Management Committee. According to the company, the new auditor will hold office until the conclusion of the next annual general meeting. The Board approved the appointment at 8:15 pm IST on July 1, 2026, and the company disclosed the decision to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Explore: The most comprehensive and forward-looking industry-focused report –...
UK’s aluminium scrap exports grow 9% during Jan-Apr 2026, despite declines to India, Hong Kong, Germany & China
The UK is one of the largest consumer hubs in the European continent, collecting several thousand tonnes of aluminium scrap each month. In 2025, the United Kingdom’s total aluminium scrap exports reached 623,584 tonnes, according to Customs data. These volumes have been on the rise since the start of this decade as collection grows and the domestic recycling capacity remains largely stagnant. Domestic manufacturing trade agency Make UK has advocated the country needs a 25 per cent annual growth rate in recycling capacity to meet its Modern Industrial Strategy demands. It acknowledges that around 84 per cent of the UK’s aluminium scrap is still being exported today. In January-April 2026, the UK’s aluminium scrap exports climbed 9 per cent to 217,611 tonnes from 200,374 tonnes in the year...
Global consumer product makers choose aluminium wiring as the copper price skyrockets
Copper prices spiked to a record high in late January, touching nearly USD 15,000 per tonne, driven by supply shortages alongside surging demand from the green-energy transition and data centres. Aluminium, by contrast, trades at roughly a quarter of copper's price. The catch is performance: aluminium conducts electricity at only about 61 per cent of copper's efficiency, meaning aluminium conductors must be around 1.6 times larger to carry the same load. Copper is also about 3.3 times as heavy as aluminium by volume, which is part of why the trade-off still works out favourably for weight-sensitive applications like EVs Industry sources say companies typically start weighing a switch once the copper-to-aluminium price ratio climbs to between 3.5 and 4.0. That ratio hit a record 4.3 in...
EGA reports ahead-of-schedule progress in Al Taweelah aluminium smelter restart, targets pre-incident production within a year
Emirates Global Aluminium (EGA) has confirmed it is running ahead of its internal timeline in restoring production at the Al Taweelah aluminium complex, with 89 of the site’s 1,262 reduction cells already restarted following the March 28 attack that forced an emergency shutdown of the facility. The UAE-based aluminium major, one of the world's largest ‘premium aluminium’ producers, said on July 2, 2026, that repairs to critical infrastructure at Al Taweelah, located in Khalifa Economic Zone Abu Dhabi (KEZAD), have progressed rapidly since the incident, with basic utilities restored across the site and natural gas and electricity supply set to scale up in line with the restart programme. Reduction cell restart ahead of the curve Al Taweelah smelter’s return to hot metal production hinges...
LME aluminium price graph: Aluminium prices decline further as stocks continue to fall
LME aluminium prices weakened on July 1 compared with June 30, with cash, three-month and long-dated contracts all posting losses. Exchange inventories also continued to decline, while the alumina Platts price moved higher. The LME cash bid price fell to USD 3,073 per tonne on July 1 from USD 3,105 per tonne on June 30 , a decline of 1.03 per cent. The cash offer price also dropped by 0.98 per cent to USD 3,075 per tonne from USD 3,105.50 per tonne. Three-month aluminium prices followed the downward trend. The three-month bid eased from USD 3,110 per tonne to USD 3,072 per tonne, down 1.22 per cent, while the offer price declined from USD 3,112 per tonne to USD 3,073 per tonne, representing a 1.25 per cent decrease. Longer-dated contracts also recorded losses. The December 2027 bid...
APAA is pleased that Magnitude 7 Metals has restarted its aluminium smelter in Missouri
The American Primary Aluminium Association (APAA) has welcomed the decision by Magnitude 7 Metals to reopen its primary aluminium smelter in Marston, Missouri, calling the move a significant positive development for domestic aluminium production and US manufacturing. The company is targeting to bring an extra 75,000 tonnes of annual primary aluminium production onstream by the end of 2026, reactivating potline one at the plant. The restart is anticipated to bring back some of the US primary aluminium capacity that has been lost in recent years. Explore: The most comprehensive and forward-looking industry-focused report – Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook Responding to the announcement, David Kaplan of Otto von Blue, owner of...
Waaree Solar Americas to supply 236.22 MW of solar modules for Kentucky Project
Waaree Solar Americas has secured a 236.22 MW solar module supply order for a utility-scale project in Flemingsburg, Kentucky. The deal strengthens its position in the US solar market. Under the agreement, the company will supply its N-Type G12R solar modules in 615 Wp and 620 Wp variants. The modules will be made at Waaree Solar Americas’ factory in Brookshire, Texas. The order adds to the company’s US order pipeline and reflects rising demand for solar equipment made in the country. The United States remains one of Waaree’s key markets as renewable energy installations grow and policies support domestic manufacturing and a stronger local solar supply chain. Waaree currently has an order book of around INR 530 billion (USD 5.6 billion), reflecting demand for its solar products across...
Aluminium can industry focuses on circularity, lightweighting, and packaging innovation
Aluminium can manufacturers are introducing new designs and technologies to improve sustainability, production efficiency and consumer convenience. Companies including Canovation, Henkel Adhesive Technologies and Sonoco say the industry is focusing on circularity, lightweighting, resealable packaging, water-based sealants and digital manufacturing tools to meet changing market needs. Jeff Grajewski, Chief Operations Officer at Canovation, said the next generation of aluminium can innovation is being shaped by sustainability, cost, health and safety regulations, branding, and consumer experience. He noted that while sustainability remains important, new packaging solutions also need to provide a clear economic benefit, comply with regulations and offer added value to both brands and...
Aluminium infrastructure increasingly targeted as power network vandalism rises in Zimbabwe
Zimbabwe's electricity transmission network is facing growing attacks as vandals increasingly target aluminium components after the utility replaced copper equipment to reduce metal theft. The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said criminals have adapted to changes in the power network by stealing aluminium infrastructure that was installed in place of copper components. Speaking at a media briefing, Cloud Chakanyuka, ZETDC's Regional Transmission Manager, said vandalism continues to disrupt electricity supplies and pose serious safety risks. According to Chakanyuka, copper theft had been a major challenge, prompting the utility to retrofit parts of its network with aluminium. However, theft has continued in areas including Chegutu and Ngezi, where vandals...
Vedanta Aluminium expands youth skill development programme in Odisha coal mining regions
Vedanta Aluminium is expanding employment opportunities for rural youth in Jharsuguda and Sundargarh districts through its VeDakshata skill development initiative, aimed at enhancing industry-relevant skills and supporting sustainable livelihoods in communities around its coal mining operations. Implemented in partnership with the Socio Empowerment and Economic Development Society (SEEDS), VeDakshata is a residential training programme that combines technical education, practical industry exposure and placement support to improve workplace readiness among rural youth. The skill centre, one of the region's first dedicated residential training hubs, offers courses in Food and Beverage Services, Sewing Machine Operation and Assistant Electrician, helping participants prepare for careers in...
Alcoa to acquire South32's alumina and bauxite assets in deal worth over $5.6b
Alcoa has agreed to acquire South32’s aluminium value-chain assets in Australia, Brazil and South Africa in a transaction with an implied enterprise value of up to USD 5.6 billion. The binding conditional agreement will significantly expand Alcoa’s upstream aluminium business, adding bauxite mining, alumina refining and aluminium-smelting capacity across three continents. The deal remains subject to South32 shareholder and regulatory approvals and is targeted to close by June 29, 2027. Deal includes cash, shares and assumed liabilities The USD 5.6 billion implied enterprise value comprises USD 3.1 billion in cash, about USD 1 billion in newly issued Alcoa shares, around USD 750 million in net debt and lease liabilities to be assumed by Alcoa, and up to USD 750 million in contingent cash...
Blykalla and Hitachi Energy partner on advanced nuclear systems using aluminium-alloyed steel technology
Advanced nuclear technology company Blykalla and electrification company Hitachi Energy have signed a Memorandum of Understanding (MoU) to establish a long-term collaboration on the deployment of Blykalla's lead-cooled advanced modular reactors (AMRs) in Europe and the United States. A key part of Blykalla's reactor technology is its use of proprietary aluminium-alloyed steels, which are designed to withstand the corrosive effects of liquid lead. The company says this materials innovation enables the commercial use of lead-cooled fast reactors, which use lead as the cooling medium Under the agreement, the two companies will work on the electrical systems needed to connect Blykalla’s reactors to the grid and to industrial sites. The work will include grid connections, on-site electrical...
Rising copper prices accelerate shift towards aluminium wiring in automotive industry
Rising copper prices are encouraging automakers and manufacturers to increase the use of aluminium wiring as a lower-cost and lighter alternative, with companies such as Ferrari and BMW expanding its adoption across new vehicle models. The shift comes as the price ratio between copper and aluminium has climbed above 4.2, making aluminium a more economical option for electrical wiring. Although aluminium offers around 61 per cent of copper's electrical conductivity, it costs roughly one-quarter as much, allowing manufacturers to reduce material costs by using thicker aluminium cables where design requirements permit. Vehicle weight has also become a major consideration, particularly for electric vehicles. Copper is around 3.3 times heavier than aluminium, making aluminium wiring an...
US President Trump and Governor Stitt open up about Oklahoma’s Inola aluminium smelter debate
A proposed aluminium smelter in Inola, Oklahoma, continues to divide residents, with the debate drawing comments from US President Donald Trump and Oklahoma Governor Kevin Stitt. Many residents are calling for a moratorium on the project, while supporters want the development to move forward. The issue has also become part of a political dispute after Oklahoma Attorney General and gubernatorial candidate Gentner Drummond opposed the project and sought to block it through a lawsuit. In a post on Truth Social, President Trump criticised Drummond’s position, saying he wanted to stop what he described as a major job-creating aluminium project. Trump wrote that Drummond wanted to "dethrone a magnificent, job-producing, desperately needed aluminium plant that will be one of the best projects...
Aughinish Alumina to fund Limerick refinery closure costs under new State agreement
Aughinish Alumina will be required to provide almost EUR 31 million (USD 35.41 million) in financial security to cover the future closure of its alumina refinery in County Limerick and the environmental restoration of the site under a new agreement approved by Ireland's Environmental Protection Agency (EPA). The revised arrangement, finalised in early June, significantly reduces the State's reliance on guarantees from the refinery's parent company, Rusal. While previous agreements depended on a €14 million parental guarantee from the Russian aluminium producer, the new framework requires Aughinish Alumina to provide nearly the entire EUR 30.8 million (USD 34.34 million) estimated closure cost, with Rusal's contribution reduced to around EUR 220,000 (USD 250,564). According to the EPA, the...
Porvair records higher revenue of about $140.5M with strong aluminium sector demand
UK filtration technology company Porvair reported record first-half revenue of GBR 106.20 million (USD 140.5 million), up 9 per cent from the same period last year. The company's Metal Melt Quality division recorded strong growth, supported by demand from the aluminium and superalloy markets. Adjusted basic earnings per share increased 11 per cent year on year. The Metal Melt Quality division also benefited from the Drache acquisition. In addition to aluminium and superalloys, demand from the aerospace, nuclear, and life sciences sectors contributed to the division's growth. During the first half, adjusted operating profit reached GBR 13.80 million (USD 18.3 million), while adjusted pretax profit stood at GBR 13.20 million (17.5 million). Reported operating profit was GBR 12.70 million...
Sydney’s new Wattle Building combines aluminium architecture with child-centred healthcare
Australian-based architectural firm Billard Leece Partnership (BLP) has completed construction of the Wattle Building, which is designed to provide innovative facilities for delivering acute care services to patients at the Children's Hospital at Westmead in Sydney. Extending over 57,000 square meters, the hospital has been designed with child-friendly, state-of-the-art facilities to ensure that children can receive medical treatment in a comfortable environment. The Children’s Hospital at Westmead has been constructed within the existing precinct of health – and education-related buildings in Sydney and has been developed to provide a new model for a hospital by providing areas within the building that support playfulness, movement and social interaction. BLP Managing Director, Tara...
Why Hindalco and Vedanta Aluminium could outperform over the next year
Analysts expect Hindalco Industries and Vedanta Aluminium to outperform over the next 9-12 months, supported by a combination of favourable market conditions, operational improvements and expansion plans, even as aluminium prices have corrected from recent highs. According to analyst estimates, shares of India's two largest aluminium producers could gain around 20 per cent from current levels, with brokerages recommending investors use the ongoing correction as an opportunity to accumulate the stocks. Vedanta Aluminium is expected to benefit from continued cost improvements, volume growth and stronger cash flows, which are likely to help reduce its debt burden. Hindalco, meanwhile, is projected to gain from stabilising earnings at its US subsidiary, Novelis, following recent volatility...
