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The administrator earned £ 2.8M from the sale of this Anglesey Aluminium site
The sale of the former Anglesey Aluminium site in Holyhead involved a hefty fee of around GBP 2.8 million to the administrator for the sale of the site. The former Anglesey Aluminium site in Holyhead was an aluminium smelting plant that was closed in 2009 after the end of its power contract. Both Orthios Eco Parks (Anglesey) and Orthios Power (Anglesey) Ltd were part of the same group called “Orthios”, located on the former Anglesey Aluminium site in Holyhead, Wales. Craig Ridgley was appointed administrator of these assets. While the paycheck of Craig Ridgley in this deal amounts to 2.765 million pounds for his work, the solicitors, Howes Percival LLP, working for him received 755,000 pounds. The fee structure of Craig Ridgley in this deal consists of 5 per cent of the first 25 million...
Hillside Aluminium maintains steady output at 181,000 tonnes in Q3
South Africa’s Hillside Aluminium smelter continues to hold a key role in developing and running the country’s manufacturing base. Operating since 1996, the smelter at Richards Bay has become one of the largest aluminium producers in the southern hemisphere. It is processing imported alumina into premium-grade metal, which so far has a huge demand across global markets. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The smelter, at present, operates 864 electrolysis cells that leverage the proven Pechiney AP30 version of the Hall-Héroult process. The equipment allows the facility to deliver stable output and effective usage of power, which is indeed a profitable advantage in a country where energy resources are pretty unpredictable. Output...
Baltic index unchanged with shipping rates remaining firm
The Baltic Exchange’s dry bulk sea freight index remained unchanged at 2,069 points on Monday. It is regarded as the world’s leading independent benchmark for dry bulk maritime freight rates. The index is used for trading and settling physical and derivative shipping contracts. Monday’s flat reading signals a period of calm across major vessel classes. Despite stable overall conditions, the Capesize segment showed modest strength, rising seven points or 0.2 per cent to 3,128, marking a one-week high. Average daily earnings for these large vessels, which typically transport iron ore and coal, edged up from USD 62 to USD 25,944. The index’s steadiness reflects a measured balance between gains in larger vessels and softer performance in smaller carriers, suggesting that freight demand...
Carmakers rush to secure rare earths before China’s export ban
Global carmakers are in a race to secure vital rare earth minerals before new Chinese export restrictions take effect in November. According to industry veterans, restrictions on exports by the Chinese Government will cause a massive shortage of key mineral products, which will further impact the production timeline. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain Rare Earths: Powerhouse for modern cars Rare earth minerals are used in the manufacturing of various crucial car components, including motors, oil pumps, mirrors, and braking sensors. In electric cars, they are even more critical, as they power the systems that make EVs efficient and quiet. Analysts estimate it controls around 70 per cent of global mining, 85 per cent of refining...
Reliance Industries’ mega solar project is set to dwarf Tesla’s Gigafactory
Mukesh Ambani-owned Reliance Industries Ltd (RIL) is all set to start solar power generation in the first half of FY 2026 at its Kutch facility hub. This is indeed a great move towards realising India’s clean energy ambitions. The upcoming renewable energy facility in Kutch, Gujarat, spanning over 5,000 acres, is going to be among India’s largest renewable hubs. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain This initiative is the realistic version of Ambani’s much-awaited vision to transform RIL from its petroleum-based legacy to a leader in sustainable energy innovation. For this, he has had pledged an investment of USD 10 billion. The project forms part of the larger Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, designed to be...
Bridgnorth Aluminium fined $401 thousand 2 years after HSE ruling
A Midlands company, Bridgnorth Aluminium Limited, has been fined GBP 300,000 (USD 401,451) after a worker sustained serious injuries when a 1.5-tonne hydraulic arm malfunctioned at its Bridgnorth site. The incident took place on 10 May 2023, when the employee was undertaking preparatory activities for the casting of aluminium blocks from molten aluminium. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The worker, in his early 40s, was kneeling inside a casting mould, inserting ceramic string around the edges while wearing heat-resistant clothing. The hydraulic arm failed above him, with its exterior temperature reportedly around 100°C, causing severe crush injuries. As per reports, the worker was trapped for three minutes before the mould...
ABx strengthens rare earth strategy with $479k tax rebate for research and development
ABx Group has secured another crucial Research and Development (R&D) tax offset of AUD 300,000 (USD 479,847) from the Australian Taxation Office for the R&D work carried out during FY 2024. The refund will be invested to strengthen ABx’s ongoing efforts for further exploration and processing technologies for rare earth materials. Explore- Most accurate data to drive business decisions with 50+ reports across the value chain The R&D activities covered by the rebate include exploration, drilling, and processing work centred on ionic adsorption clay rare earth deposits, with particular emphasis on ABx’s fully owned Deep Leads Rare Earths Project in northern Tasmania. The project remains a cornerstone of the company’s strategy to expand Australia’s domestic supply of rare earth elements,...
Aluminium’s moment: How the lightweight metal is powering the next industrial cycle
With a resurgence of demand for metals in the global markets, both precious and industrial metals are drawing investment. While gold has approached record highs near USD 2,700 per ounce, silver has edged close to an all-time high, and platinum prices have surged by 80 per cent so far this year. This renewed growth surrounding metals suggests a broader shift in investor sentiment towards commodities, since inflationary pressures and industrial demand remain strong. Aluminium steps out of copper’s shadow So far, copper has a dominating market due to its key role in electrification and renewable energy infrastructure. Simultaneously, aluminium has been a second priority but praised for its lightweight, corrosion-resistant, and highly recyclable nature. Although bauxite, the ore from which...
Ferrari gears up for its first electric supercar: A new chapter for the Italian marque
Ferrari writes a bold new chapter as it prepares to unveil its first fully electric car. The upcoming model is not just a significant shift for the legendary Italian marque but also a defining moment that preserves its heritage while aligning with the idea of futuristic performance. The new model will reportedly be named Ferrari Elettrica, which is likely to debut in 2026. As per the makers, the Ferrari Elettrica will certainly deliver electrifying performance while staying true to the brand’s unmistakable DNA. Classic Ferrari line powered by futuristic technology As mentioned earlier, Elettrica reflects Ferrari's design line by retaining the sleek, timeless proportions of a two-door coupé. There will be no combustion engine in this new line of supercars, which is a historic leap for the...
Arafura and Alcoa first to gain from US-Australia minerals pact
Arafura Resources and Alcoa Corporation are going to emerge as the first organisations to benefit from a new partnership between the US and Australia. Jointly driven by both governments, the partnership aims to boost investment in projects across Western Australia and the Northern Territory that focus on essential raw materials. After the disclosure of the deal, Arafura Resources’ shares jumped by 18.5 per cent, while Alcoa’s stock saw a mild fall of around 1.3 per cent. The Australian government has committed several hundred million dollars to support key ventures under a wider AUD 13 billion (USD 8.4 billion) strategy to grow the country’s critical minerals capacity. The funding is intended to secure supply lines, build local processing facilities, and cut dependence on imported...
KTM 990 RC R launched in the EU and US market: unlikely to come to India
KTM has recently launched a new sports bike in the market named KTM 990 RC R in the sports segment of the bike within the EU and US markets. The frame of the bike is made up of a die-cast aluminium sub-frame along with a powder-coated steel trellis frame to support the main frame. The sub-frame is made of aluminium as it is lightweight and strong, which helps to reduce the overall weight of the bike, enhancing its overall performance. Many KTM models (like the Duke and RC series) use cast or forged aluminium swingarms, which help to connect the rear wheel to the frame of the bike. The aluminium makes it lightweight and Corrosion-resistant, which helps to keep the structure safe even at high speeds. Also Read: Proposed acquisition of Telwater by Yamaha raises competition concerns in the...
Andhra Pradesh government clears path for mega industrial park in Vizianagaram
The government of Andhra Pradesh has officially approved the establishment of a large-scale industrial park at S. Kota in Vizianagaram district, marking a major shift in the region’s industrial strategy. The mega park will be developed by JSW Industrial Park Limited on 1,166 acres of land that the company had acquired years ago. The land was originally earmarked for a 1.5 million tonne capacity alumina refinery with an investment of INR 40,000 million (USD 481.93 million). But that plan was halted due to bauxite mining permission issues and long-standing farmer concerns. Image source: https://www.jswindustrialparks.in/ Download our exclusive report to access exclusive industry insights: A Comprehensive Analysis of Bauxite Residue - Red Mud With Government Order (GO) No. 184, JSW has now...
Kaiser Aluminium secures extension of $575 million credit line
Kaiser Aluminium Corporation, which has a market cap of USD 1.27 billion, has successfully extended its USD 575 million senior secured revolving credit facility for an additional five years, maturing in October 2030. The amendment, effective October 14, adds flexibility and eliminates certain restrictions on revolving credit and availability. Kaiser’s gross borrowing availability of USD 575 million remains unchanged. This is supported by eligible accounts receivable, inventory, and other assets. As of the effective date of the amendment, only USD 15 million in letters of credit were outstanding, with no loans outstanding. Keith A. Harvey, Chairman, President, and CEO, said the extension "underscores the continued strength of our financial position and the confidence our lending partners...
Dinco Trading expands aluminium portfolio to strengthen market leadership in the UAE
Dinco Trading LLC, the UAE’s renowned aluminium supplier, has recently announced their most-awaited product expansion plan by introducing Plain Aluminium Sheet Metal and other high-end aluminium solutions. The introduction of the latest product takes Dinco a step ahead in building a reliable partnership with industries that demand both speed and quality simultaneously. With its latest product range, Dinco Trading continues to meet the UAE’s growing demand for high-end materials that cater to construction, industrial, marine, and infrastructure projects across the Emirates. For aluminium products supply across the UAE, Dinco Trading is the most preferred name among customers. Guided by the motto “Aluminium Is Our World”, the company has built its goodwill over a business philosophy that is...
Caustic Soda prices hold firm across Asia due to steady demand
Caustic soda prices remained stable across prominent Asian markets during the first half of October 2025, backed by an even supply-demand relationship and steady industry demand. Although there were some mixed signals in certain countries, steady production costs, and cautious procurement contributed to a broadly steady pricing environment. Strong market fundamentals support stability Sodium hydroxide, commonly known as caustic soda, opened the month on a firm note in most Asian markets. Supply and demand were broadly balanced from the start of October, setting a stable tone. While Japan’s auto sector continued to lag, a signal of weak global production and deferred consumer orders, the construction sector offered modest demand support. In contrast, India’s strong aluminium production and...
Hyundai India unveils FY2030 roadmap: aluminium, hybrids, Genesis and a new EV push
Hyundai Motor India has presented an audacious road map for India till FY2030, which includes plans that extend beyond car launches. At its investor meet, the Korean automaker revealed a product roadmap that blends advanced lightweight materials, hybrid expansion, luxury positioning, and accessible electrification. The big headline is the launch of the 2025 Hyundai Venue on November 4. The new-generation Venue is expected to integrate lightweight components. It also includes refined aluminium structures to improve fuel efficiency and enhance durability. Aluminium has already been a key enabler in Hyundai’s global vehicle architecture, and its increased use could make models like Venue more sustainable and easier to electrify. Hyundai confirmed it will introduce 26 models in India by...
LME Clear strengthens collateral framework with new triparty service
LME Clear, the clearing house of the London Metal Exchange (LME), has announced a new triparty collateral service designed to simplify collateral management and cut operational costs for its clearing members. The initiative is being supported by Euroclear, one of the world’s largest financial market infrastructures, which holds more than USD 47.8 trillion in assets under custody. Streamlining collateral transfers through the triparty model The new arrangement enables clearing members to manage collateral more efficiently when meeting margin requirements. Earlier, it was mandatory to transfer individual securities directly into LME Clear’s collateral account, which also involved significant administrative complexities. Under the triparty model, members will instead be able to hold...
L’OCCITANE launches new global L’Occitane en provence collection
L’OCCITANE, a retail company focusing on skincare, fragrance, and various skin wellness products, have recently unveiled the reimagined Fragrance Collection from Maison L’Occitane en Provence in almost all the airports across the globe. The perfume bottle of L’OCCITANE has taken inspiration from Provence’s iconic stone arches and ancient arched wooden doors, to give consumers a warmer invitation and a sense of fragrance. These perfume bottles feature the use of an aluminium cap, which not only enhances elegance but also supports the brand’s ongoing initiative towards a sustainable future by using eco-conscious packaging. Read More: L’OCCITANE Travel Retail returns to Cannes: Elevating beauty with sustainable aluminium packaging It is not the first time that the company have infused the...
