50 billion in revenue and 20 billion in profit is what Vedanta Group is looking forward to over the next two years, said the Founder & Chairman, Mr Anil Agarwal, during an interactive session organised by the Indian Chamber of Commerce (ICC) at Taj Bengal, Kolkata on October 28, 2026. While he sees India as a powerhouse of metals and minerals, his attention is caught by West Bengal, located in the Eastern part of India. Mr Agarwal believes the future of Bengal looks bright, as the state has a strategic geographical location with major mining states like Jharkhand and Odisha as its neighbours. By directing high hopes for Bengal and praising the double engine government, Agarwal expressed his willingness to invest in the state in sectors like mining, minerals and power. He also met the...
Hydro has begun construction of a new 5,900 metric ton indirect aluminum extrusion press line at its Cressona facility in Pennsylvania, backed by a $53.5 million investment aimed at modernizing production, expanding specialist extrusion capacity, and strengthening the company’s North American manufacturing operations. The groundbreaking took place on October 27, with operations expected to commence in the first quarter of 2028. The new press will replace equipment dating from the 1950s and introduce Industry 4.0 technology, advanced automation, improved energy efficiency, and enhanced safety performance. New press targets growing demand for specialist extrusions The investment comes as demand for indirect aluminum extrusions continues to grow across commercial transportation, automotive,...
Grow with
AL Circle
The use of aluminium powder is widespread in explosives and fireworks production. Its utilization in manufacturing certain electronics is extensive—powdered aluminium is absorbed in many paints and sealants as primarily responsible for colour and hiding power. Manufacturing, pharmaceuticals and tourism usher in the diversified economy of France. The government has partially or fully privatized many large companies but maintains a strong presence in the power, public transport, and defence sectors. The north-western European nation France imported 16,775 tonnes of aluminium powder and flakes during 2019-21, incurring an expenditure of around $44.33 million for the export. In 2019, as classified by World Bank, a wealthy, high-income nation, France imported aluminium powder and flakes of...
Kaycan LTD., construction materials and aluminium extrusions provider hailing from Montreal, Canada, was successfully acquired by Saint-Gobain on July 29 with an investment of US$928 million, after a month-old announcement by the company on May 31, 2022. Kaycan is the leading supplier of polymer shakes, engineered wood siding, vinyl and aluminium siding in Canada plus the US states. With the world moving towards sustainability, more and more companies are picking out alternatives to steel and other heavy metal to complement their industrial design. Aluminium comes in very handy since it is lighter than steel and is a non-ferrous metal that can be recycled for an infinite time. Therefore once an aluminium product is installed, it not only adds value for its time span but also after the end...
Vedanta Limited trimmed its aluminium products and aluminium ingot prices, with effect from Saturday, July 30, in line with a drop at the end of last week, July 29. Vedanta cut its aluminium wire rod price by INR 1,250 per tonne from INR 233,500- 241,000 per tonne to INR 232,250- 239,750 per tonne. Aluminium billet price also witnessed a reduction of INR 1,250 per tonne to stand at INR 233,750 per tonne, as against INR 235,000 per tonne on July 29. The company’s aluminium ingot price was no exception but saw a dip from INR 226,000-257,500 per tonne on July 29 to INR 224,750- 256,250 per tonne on July 30. As mentioned, Vedanta reduced its aluminium products and aluminium ingot prices in response to the downfall in three-month futures of aluminium on the London Metal Exchange by US$6 per...
On Monday, August 1, Nemak, S.A.B. de C.V., Mexico-based aluminum auto components supplier, announced to seek the Aluminium Stewardship Initiative (ASI) performance standard certification. Nemak CEO Armando Tamez believes the certification will put the production facilities on an accelerated path in line with the Performance Standard principles and criteria. ASI Performance Standard defines criteria to address sustainability issues in the aluminium value chain through the lens of three pillars: environmental, social and governance (ESG). Nemak said, “The certification covers a range of ESG criteria and emphasizes increased transparency in company facilities and “along the entire value chain.” He also said, “With our ASI membership, we demonstrate our leadership in key sustainability...
The downstream aluminium sector is where all the upstream activities divulge to form profiles and extrusions for application during the manufacturing process. This week the downstream industry has been under a lot of commotion, like the Aluminium Extruders Council (AEC) testified in a U.S. International Trade Commission (USITC) hearing about the impending effects of Section 232 and 301 tariffs on local U.S. extruders. While in Europe, AMAG Austria Metall AG and Thyssenkrupp Aerospace have been partners since the beginning of the former's journey in the aviation industry, but to strengthen the bond even more, both the companies have signed a deal elongating their trade contract. The year 2022 heralds a ray of fresh desire and optimism for the downstream aluminium industry, with a lot of...
Novelis, the leading producer of flat-rolled aluminium and the world’s largest recycler, announced on Friday, July 29, that three of its recycled aluminium ingot and beverage can sheet producers in North America received the ASI Performance Standard certifications. Novelis’ Greensboro, GA, Berea, KY, and Warren, OH, plants have bagged the certifications. Aluminium products produced at those three facilities are used for making can bodies and can ends. The ASI certifications recognise Novelis efforts towards sustainability, circular economy, and industry-leading levels of recycled content across its product range. The certifications also strengthen Novelis’ ability to meet customers’ growing demand for sustainable aluminium solutions in the beverage packaging market and beyond. Novelis has...
Hindalco’s aluminium ingot price and aluminium products prices have experienced a hike on Friday, July 29, after two downfalls on July 26 & 28. The price of the company’s aluminium wire rod price has come in at INR 239,350 per tonne, seeing an increase of INR 5,500 per tonne from the previous day. On July 28, the ingot price stood at INR 233,850 per tonne, reflecting a downfall of INR 3,500 per tonne. Hindalco’s aluminium billets price has also been expanded by INR 5,500 per tonne on Friday to INR 242,350 per tonne, following a cut of INR 3,500 per tonne on Thursday to INR 236,850 per tonne. With effect from July 29, aluminium ingot price is standing at INR 228,250 per tonne, up by INR 5,500 per tonne from INR 222,750 per tonne on July 28. Hindalco Industries links its aluminium ingot and...
On Thursday, July 28, the aluminium billet inventory heightened by 12,200 tonnes from 95,400 tonnes recorded last week. The inventory as of Thursday, July 28, closed at 107,600 tonnes. As per the SMM data, the inventories in Foshan and Huzhou witnessed growth, whereas, on the other hand, inventories in Changzhou and Nanchang remained restrained. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan surged by 12,800 tonnes to rest at 66,000 tonnes, from 53,200 tonnes recorded last week. The same day, Huzhou recorded a W-o-W rise of 3,000 tonnes to settle at 19,000 tonnes. Due to the frequent arrival of cargos carried from Yunnan and the weak downstream demand, the stockpile in Foshan witnessed this increment. As...
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry, has reportedly achieved record levels of revenue and earnings in the first half of 2022. As per the report published by the company, it has seen a growth of around 50 per cent in revenue from EUR 595.1 million in H1 2021 to EUR 904.3 million in H1 2022. Net income after taxes has reflected a surge of over 120 per cent from EUR 35 million in H1 2021 to EUR 78.4 million in H1 2022. EBITDA also represents a significant achievement of 70 per cent from EUR 93.6 million in the year earlier to EUR 156.5 million in the first six months of 2022, the highest ever half-year earnings. This stupendous growth in AMAG’s financial performance could be attributed to a significant hike of 36.9 per cent in the global aluminium...
On Wednesday, July 27, Lotte Chemical announced its intention to construct an anode facility in Kentucky by 2025 under the joint venture between the former and Lotte Aluminium. A crucial component of electric vehicle (EV) batteries is anode foil. Lotte Chemical and Lotte Aluminium will each spend 330 billion won ($252 million) for the facility, with Lotte Chemical owning a 70 per cent stake and Lotte Aluminium holding the remaining 20 per cent. Because of rising interest in eco-friendly electric vehicles, battery consumption in the US is anticipated to soar. Lotte Chemical predicts that the demand for anode foil, one of the key components used in EV batteries, will rise by around 32 per cent by 2030 compared to this year. “We will spare no effort in technological development and support...
RHB research stated that, given the projected long-term demand for aluminium, Press Metal Aluminium Holdings Bhd's prospects are still strong. Press Metal will continue to gain from the Bakun Dam power purchase agreement with Sarawak Energy Bhd, which provides a long-term supply of energy at competitive rates. The research house team, which recently paid a visit to Press Metal's smelting facility in Bintulu, Sarawak, said that it had positive impressions of the company. The research team noted that Press Metal has a combined annual capacity of 1.08 million tonnes, thanks to a downstream extrusion operation that is connected with its Greenfield aluminium smelting operations in Mukah and Samalaju. The business also runs aluminium extrusion facilities in China and Malaysia. Press Metal's...
ELLWOOD has declared an upgradation to produce an in-house Aluminium Tooling plate (ATP) with a substantial investment in its ELLWOOD Speciality Steel (ESS) facility. The ELLWOOD Aluminium cast-house in Hubbard, OH, will provide the ATP facility with the cast aluminium slab input stock they require to run operations. As part of the newly optimized ESS facility, which is specialized to make the most of industry-revolutionizing technology, the ATP production line will be able to produce 'light-outs' with minimal interference from operator interference. ESS will ease its customer's inventory levels and undue stress by offering industry-booming lead and customer service. By providing rigid quality, production reliability, and vertically integrated raw material supply, ESS wishes to build a...
On July 20, the Aluminium Extruders Council (AEC) attested to a U.S. International Trade Commission (USITC) hearing about the economic effects of Section 232 and 301 tariffs on U.S. industries. The president of AEC, Jeff Henderson, was very vocal in claiming that the domestic aluminium extruders are being put under the guillotine by the recent predicament. Jeff Henderson openly went on record saying: “Despite some initial relief for the domestic extrusion industry from the Aluminum Section 232 tariffs for imported aluminium extrusions, the structure of the exclusions process later developed by the U.S. Department of Commerce, including the adoption of General Approved Exclusions (GAE) that do not require product-specific objections, has effectively gutted any relief for U.S. extruders...
Shandong Yocon Aluminum Industry Co Ltd, a leading supplier of aluminum coils, has reportedly announced its plans to ramp-up production capabilities to meet the increasing demand for aluminum coils. As per the report, the company’s expansion plans include installation of new equipment and hiring of additional personnel, in a bid to uplift the quality of products supplied and improve customer service. Thomas Tian, president of Yocon Aluminum, said: "We are committed to meeting the needs of our customers, and this expansion will help us do just that. We are confident this will be valuable to our business.” The aluminium coils provided by Yocon Aluminum are of high quality and meet customers’ specifications. The products are destined for varied applications like aluminum composite panels,...
On Monday, July 25, Aluminium Stewardship Initiative announced the joining of V Global Manufacturing Limited as its new Industrial User Member. Situated in Chengdong Industrial Park in Dehua County, V Global Manufacturing Limited, is a foreign-owned business in Singapore with a registered capital of 150 million yuan and is invested by Meitu Aluminum Industry Co., Ltd. In addition to introducing cutting-edge automated manufacturing equipment from Germany, Switzerland, South Korea, and other nations, the firm, which specialises in the manufacture and processing of aluminium alloy profiles, also uses it. The production process is mostly automated. The primary regions of China where aluminium is produced provide the raw materials. The items are marketed as medium- and high-end curtain walls,...
The Aluminium Stewardship Initiative has certified Metra Holding S.p.A against the Performance Standard certification for re-melting primary and secondary aluminium and manufacturing aluminium alloy extruded sections at its Foall S.r.l. (foundry) and Metra S.p.A. (extrusion) production facilities in Italy. The foundry has an annual production capacity of 50,000 tonnes of extrusion ingots, while the extrusion facility produces 90,000 tonnes of extruded products in a year. The ASI Performance Standard certification sets environmental, social and governance principles and criteria to address sustainability issues in the aluminium value chain. It has 59 criteria under the three sustainability pillars of Environment, Social, and Governance. Enrico Zampedri, CEO at Metra Group, said: “Metra is...
China’s ALG Aluminium Inc. is a technologically advanced state-owned joint-stock organisation situated in the ‘Green City’, Nanning, funded and fathered by Guangxi Investment Group Co. Ltd. The Company has successfully earned the Production and Transformation Membership after immense scrutiny by the Aluminium Stewardship Initiative. The company is true to its ideologies of ‘unity, innovation, rigorousness and pioneering’, which pushes it further into industry up-gradation and elevates its position in the high-end latest aluminium materials sector. The company is keen on using its R&D, production, and sales expertise to emphasise prevailing market demands and create independent innovations. The company has appointed a considerable number of esteemed members of the aluminium processing...
The year 2022 heralds a ray of fresh desire and optimism for the downstream aluminium industry, with a lot of upcoming projects, investments, and changes in line. So, the team AlCircle has launched its latest research report, “The World of Aluminium Extrusions - An industry analysis with forecasts to 2027", which offers a thorough analysis and prediction of how the aluminium extrusion market will develop in the coming years while keeping an eye on prior investments, regulatory changes, and pricing trends. The report focuses on the expected production capacity, output, consumption across geographies and applications across end-user sectors, and trade dynamics. The amount of aluminium extruded globally is predicted to reach 31.8 million tonnes by 2022 and increase by around 3.8% annually...
