AlCircle News Edited By "Staff Editor"
Canada seeks US trade concessions for steel, aluminium and auto industries, Carney confirms
Canadian Prime Minister Mark Carney has disclosed that he had a lengthy conversation with US President Donald Trump on Monday evening (September 01, 2025). Both neighbouring countries are working together to resolve a row over tariffs on commodities and automobiles. Carney confirmed that talks were focused on relief for sectors still hit by hefty US tariffs, including steel, aluminium, autos and forest products. "There's no guarantee, but we are making progress," he commented. Image for referential purposes only Unlock in-depth insights from — The World of Aluminium Extrusions – Industry Forecast to 2032 Canada recently dropped 25 per cent retaliatory tariffs on USD 21 billion of US products such as orange juice, peanut butter and motorcycles with an aim to reset trade ties. While...
Regulatory ruling pushes Alcoa’s green credentials into question; company defends its commitment
Ad Standards, the advertising regulator of Australia, has filed a complaint against the leading US mining giant Alcoa. The advertising watchdog has reported that Alcoa’s claim of rehabilitating 75 per cent of the Jarrah forest in one of their recent ads is unclear. But Alcoa maintains that its rehabilitation programmes and billion-dollar investments in Australia demonstrate a sincere effort to balance economic growth with ecological care. Alcoa’s reaffirmation of its standpoint Alcoa has claimed that the ad has been removed and the future campaigns will be aligned with the ruling. Additionally, Alcoa has also mentioned that by “rehabilitation”, specifically, they intended to portray the management initiative they have been adopting to restore the ecosystem’s productivity and not the...
Investment advisory giant Charles Schwab Management purchases Ferroglobe $GSM shares
Charles Schwab Investment Management Inc. (CSIM), a registered investment advisory firm, lifted its position in Ferroglobe PLC, a London-based silicone supplier, by 820.5 per cent. This happened during the first quarter, according to its most recent SEC filing. The fund now owns 341,479 shares of the Ferroglobe PLC firm after acquiring 304,381 additional shares. It represents 0.18 per cent of the company and is worth USD 1.27 million. The investment comes at a time of mixed fortunes for Ferroglobe. The firm reported a quarterly EPS of (0.08), missing the consensus estimate of (0.02), with revenues of USD 386.86 million. A dividend of USD 0.014 per share has been declared. It is payable on September 29, 2025, and offers a yield of 1.3 per cent. A cyclical downturn Although Ferroglobe has...
Assessing Maan Aluminium: High valuation, lower profits, and a sideways trend
Maan Aluminium has undergone a valuation grade change as a microcap in the non-ferrous metals industry. Its grade moved from fair to expensive, with a PE of 42.18. It also has an enterprise value (EV) to EBITDA of 26.40, suggesting some premium relative to its peers. Its recent quarterly results provide evidence of declining fundamentals despite the high multiples. The stock trend for the firm has changed from just slightly bearish to flat. Technical indicators such as the MACD show bearish signs on a weekly basis, indicating uncertain sentiment. Investors have seen a return of 197.97 per cent over three years. But the stock is down - 8.28 per cent year-to-date. This separation illustrates the difficulty of valuing fast-paced microcaps. It also states the fact that if the growth momentum...
Nuveen LLC acquires 43,250 shares of Kaiser Aluminum
Nuveen LLC, a US-based producer and marketer of aluminium products, has expanded its position in Kaiser Aluminium Corporation. It has purchased 43,250 shares valued at approximately USD 2.62 million, according to its latest SEC filing. The acquisition means Nuveen now owns 0.27 per cent of Kaiser Aluminium. Image source: https://www.kaiseraluminum.com/ Institutional confidence in Kaiser Aluminium The action comes as Kaiser Aluminium posted earnings per share of USD 1.21, significantly higher than its expectations for USD 0.49. For the quarter, revenue totalled USD 823.1 million, with evidence of sustained demand in its packaging, automotive and aerospace sectors. The company also maintained a dividend payment of USD 0.77 per share. This represents an annualised yield of 4 per cent. Other...
627 billion cans by 2030: Smart packaging is catalysing aluminium soaring demand
Smart packaging is quickly emerging as a growth driver for aluminium, merging sustainability and storytelling. Connected packaging, thanks to QR codes, AR, and AI-powered personalisation, has emerged as a high-impact tool in the food and beverage industries. It is delivering high 14 per cent scan rates, three-minute average time spent, and a 30 per cent sales boost with almost no extra media investment. A new frontier for the industry Aluminium packaging is perfectly positioned to reap the benefits of this new frontier as companies embrace it. Not only is aluminium premium in appearance, recyclable, and resilient, but it is also the perfect material on which to embed interactive technology. It has the potential to improve consumer experience while driving up sustainability. Also read:...
RBC trims price target for South32 yet stays optimistic
Australian mining company South32 Limited is on shifting ground. Analysts at RBC Capital Markets have reduced South32’s price target to AUD3.20 (USD 2.0) from AUD3.50 (USD 2.28), even after it posted 75 per cent jump in annual profit to USD 666 million. However, despite the price target cut, analysts have kept an “outperform” rating for the company, demonstrating a belief in its long-term potential over short-term risk. The reduction reflects concerns over operational hurdles at South32 and softer market conditions. Insider buying has offered reassurance, hinting at confidence from management. South32 is also repositioning itself. Its shift into low-carbon commodities such as lithium, nickel and manganese aligns with global decarbonisation trends, particularly renewable energy and EV...
US tariffs and Europe's scrap shortages weighing on Alcoa
Alcoa, the leading producer of aluminium globally and the largest producer in the US, is at a crossroads. US tariffs on aluminium have triggered record high prices and raised flags about vulnerabilities not only in the US supply chain but also in Europe. Already, the company has faced a hit due to the impacts of US tariffs on prices and supply disruption. Besides, the increased volume of aluminium scrap flowing out from Europe has put Alcoa under the pressure of raw material shortages for recycling in its Spain facility, costing the company’s revenue. Margins under pressure Alcoa's earnings in Q2 2025 reflected good resilience. The revenue was USD 3.02 billion. This was an increase of about 4 per cent year-on-year. The net income increased to USD 151 million from USD 31 million. Earnings...
EGA concludes expansion of Al Taweelah alumina refinery with 50KT extra output anticipation
The UAE’s largest non-oil industrial enterprise and the top producer of ‘premium aluminium’, Emirates Global Aluminium (EGA), has recently completed its debottlenecking expansion at its Al Taweelah refinery, which includes the establishment of a third ball mill, further boosting alumina output capacity to 50,000 tonnes per annum. Image source: https://media.ega.ae/ Also read: Ball Corporation offloads 41-point Saudi stake, retains minimal 10% strategic interest The entire project, spanning engineering and design through construction and commissioning, was successfully executed by EGA’s in-house team. Within a timeframe of 2.5 years and investing over 650,000 labour hours, EGA has finally achieved this milestone with zero lost time injuries. In this context, CEO Abdulnasser Bin Kalban has...
Advanced sorting technologies revolutionise bauxite beneficiation methods
Terra Goyana Mining (TGM), one of the largest bauxite producers in Brazil, is leading the way with sensor-based sorting (SBS) technology in bauxite beneficiation, establishing a benchmark for mineral research, development, and commercialisation. TGM represents 5.5 per cent of Brazil's national output and operates within the Barro Alto mine in Goiás, with a commercial hub established at Goiânia and trade links maintaining their international relationships across South America, Europe and Asia. As a member of the Supergram group, TGM leverages vertical integration through Bautek (a calcined bauxite producer), thus achieving greater value capture in the supply chain. Locating its operations in Poços de Caldas in the State of Minas Gerais provides additional geographic coverage of the...
Nalco maps green alumina path by 2030, but coal expansion on cards too
Indian state-run firm National Aluminium Company Limited (NALCO) has embarked on an ambitious, if conservative, strategy to start manufacturing green alumina by 2030. Nalco intends to increase its renewable energy capacity, spending USD 178 million to install a 15 MW wind farm and an additional 200-300 MW renewable capacity, underpinned by power purchase agreements where necessary. Image source: https://nalcoindia.com/ Also read: Ball Corporation offloads 41-point Saudi stake, retains minimal 10% strategic interest Nalco Chairman & MD Brijendra Pratap Singh said, "What we are planning is... whatever alumina we are producing, the power requirement for that alumina is very low. We have our own wind power plants in Andhra, and we will have capacity in Tamil Nadu. So, we will be trying to...
Sharvaya Metals IPO rides FY25 growth ahead of subscription period
Sharvaya Metals IPO has captured the interest of investors ahead of its subscription period from September 4 to 9, 2025. Founded in 2014, Sharvaya Metals is a major manufacturer of aluminium products, supplying the domestic and international markets. The firm opened its plant in Ahmednagar in 2017, producing alloy ingots, billets, slabs, sheets, circles and electric vehicle (EV) battery housings specialised to meet the requirements of the “structural integrity and safety" of the cells. IPO overview and valuation The issue consists of 3,000,000 shares, worth INR 57.60 to 58.80 crore (USD 6.9 to 7.1 million). The price band is INR 192 to 196 (USD 2.31 to 2.36), and the minimum bid consists of 600 shares ( INR 1,17,600 or USD 1332); the IPO will be offered to retail and institutional...
Crown Holdings doubles down on circularity in new sustainability report
Global market leader in packaging, Crown Holdings, has released its 2024 Sustainability Report, "Built to Last", doubling down on the company's commitment to the aluminium beverage can as a pillar of the circular economy. The report details significant advancement on its ambitious Twentyby30 targets, with special emphasis on reducing greenhouse gas emissions and promoting higher recycling rates for aluminium packaging. "Worldwide, our team's unwavering pledge to create a more sustainable future allows us to continue making significant strides in our initiatives focusing on innovation, responsibility, and community engagement," said Timothy Donahue, Chairman, President and Chief Executive Officer of Crown Holdings. "Sustainability is about creating a resilient organization and environment...
Iran’s aluminium production soars to 560,000 tonnes despite power crisis
Iran produces approximately 560,000 tonnes of aluminium ingots annually, and it does not fully utilise more than 650,000 tonnes of installed capacity, Houshang Goodarzi, head of the Iranian Aluminium Industries Syndicate, reported due to a consistent lack of electricity and natural gas supplies. Image for referential purposes only Goodarzi explained that the aluminium chain begins with alumina production at the Jajarm complex and flows through four key smelters. “Iran requires about 1.3 million tonnes of alumina to meet its full ingot production capacity. Domestic supply provides only 250,000 tonnes, with the remainder imported, often under foreign exchange constraints. For every kilogram of aluminium ingot, roughly twice as much alumina powder is needed,” he said. Although about 450,000...
Dubai-Ahmedabad flight passenger held with USD 44,100 worth of metal
Ahmedabad International Airport is once again in the news – this time, too, for an unpleasant reason. In the latest case, officers seized 353.8 grams of precious metal worth USD 44,100 and economically important metals, including aluminium, from a passenger of SpiceJet flight SG16 from Dubai. The Ahmedabad Zonal unit of the DRI acted upon specific intelligence and intercepted the passenger, opening a strange trolley bag that contained 82 screws. Image for referential purposes only At first, the screws seemed to be aluminium, but after taking a closer look, the screws were not aluminium and only had a coat of aluminium. When the aluminium was melted, the authorities later captured the metal that was smuggled into the country. As a DRI (Directorate of Revenue Intelligence) official later...
Rio Tinto adjusts aluminium strategy after US tariffs
Rio Tinto, one of the world’s largest mining and metals companies, sets out to strategise its approach to aluminium sales in the United States. The reason behind their new strategy is the imposition of a 50 per cent tariff on Canadian aluminium imports earlier this summer. Traditionally, Canada is the major supplier of aluminium to US industries, thus making new tariffs absolutely disruptive. What Rio Tinto is doing to offset the huge expense While the newly imposed tariff has pushed up the expenses significantly, Rio Tinto’s strategy is to scale back aluminium shipments from Canada. Instead of heavily relying on stockpiles, the company is shifting its focus to the existing inventories. As a result, they can easily continue to honour supply agreements with major industrial customers...
Vedanta announces $10B Capex plan, targets aluminium as growth engine
Diversified mining and metals giant Vedanta Ltd has unveiled a USD 10 billion three-year capital expenditure plan to vastly increase its aluminium, zinc, and energy business. The investment, intended to take advantage of India's industrial surge, is expected to drive the company's medium-term annual EBITDA to the USD 8-10 billion mark, with aluminium being a major driver of the growth. Image source: https://vedantaaluminium.com/ Aluminium as a key growth driver The lion's portion of this investment is going into its aluminium business, which Vedanta estimates will add about USD 4 billion to its future top line earnings. The expansion strategy, aggressive in scope, calls for doubling the capacity of its alumina refinery to 5 million tonnes a year (MTPA) by FY26 and boosting its aluminium...
WIN party pledges aluminium plant and glass factory to boost Linden's economy
Leader of the We Invest in Nationhood (WIN) party, Azruddin Mohamed, has pledged to build an aluminium plant and a glass factory in Linden, Guyana, as part of his campaign to revive Region 10’s struggling economy. Speaking at a well-attended rally on Wednesday night, he declared, “This region needs jobs. Young people need opportunities, and rest assured, we want to set up an aluminium plant here.” Image for referential purposes only The initiatives intend to utilise the area’s natural resources, bauxite and silica sand, in value-added industries, providing jobs and assisting in keeping the wealth generated in the area local. Tackling historical neglect Linden boasts huge quantities of bauxite reserves, a primary ore for aluminium, which is again a strategic commodity for Guyana. However,...
