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,...
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A triad formed in the West Midlands where PyroGenesys, Impression Technologies and Kew Projects will indulge in a £ 1.3 million pilot programme for a smoother inter-change of knowledge and experience to penetrate new markets with more significant business opportunities. The pilot programme will enhance the peripheral growth of these three companies so that they can easily suffice the aerospace and aviation demands for lightweight aircraft consuming sustainable and lesser fuel for the flight. This 'Pivot' programme is expected to be crucial for hoisting related businesses in the vicinity since it will encourage cross-sector innovation by providing R&D grants and other intermediate technical support. With the advent of the Net Zero by 2050 pact in Paris, many companies are moving towards...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices by INR 2,750 per tonne, with effect from Tuesday, July 26, following an increase by the same amount on July 23. Vedanta’s aluminium billet price has come in at INR 233,000 per tonne, as against INR 235,750 per tonne on Saturday, July 23. Vedanta is currently selling its aluminium wire rod price at INR 231,500-239,000 per tonne versus INR 234,250-241,750 per tonne as of July 23. Aluminium ingot price is standing at INR 224,000-255,500 per tonne, seeing a cut of INR 2,750 per tonne on July 26 from INR 226,750-258,250 per tonne. Vedanta Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which slipped by US$28.50 per tonne on Monday,...
China-based DDM Machinery has launched its flexible aluminium duct forming machines. These kinds of aluminium ducts or tubes are usually applied in air conditioners, ventilation, bathroom, kitchen and HVAC system. The DSMR-600 Aluminium Flexible Duct Forming Machine is one of its kind and uses a stainless steel wire at the core of the flex tubes to keep the bendability intact. Aluminium is one of the most sustainable metals found on the planet as it is infinitely recyclable. Moreover, the malleability of aluminium makes it the best non-ferrous option for the transport, electrical and construction industry. With a simple outlook, the machine is enigmatic as it can produce both one-layer aluminium tubes with steel wires inside and a double-layered aluminium tube with in-built steel wiring....
AMAG Austria Metall AG and Thyssenkrupp Aerospace have been partners since the beginning of AMAG's aviation history. During the coming year, the strong cooperation will be extended for another six months through a new supply contract. Through AMAG, Thyssenkrupp Aerospace has secured the supply of premium aluminium for the coming year. Patrick Marous, the CEO of ThyssenKrupp Aerospace, said, "We are very pleased to have been able to conclude this contract as part of our long-term, strategic partnership with AMAG. In the current volatile market environment, our common goal is to support our customers as reliable partners. Long-term material supply is, therefore, an important part of our Materials as a Service strategy." Victor Breguncci, the Chief Sales Officer at AMAG Austria Metall AG,...
Maxion Wheels, a division of Iochpe-Maxion S.A and the world’s leading steel and aluminium wheel supplier, joined Aluminium Stewardship Initiative (ASI) as its new Production and Transformation member. Its low-carbon expertise and energy-efficient designs help cars, buses, trucks, and trailers achieve real-world carbon footprint reductions. Working with global vehicle manufacturers on wheels for personal mobility, transportation, agriculture, defence and off-highway applications, its 10,000 employees operate out of 30 locations in 14 countries on five continents, including state-of-the-art technical centres in the Americas, Europe, and Asia. Together the company produces more than 50 million wheels a year, making us the world’s largest producer and supplier of wheels. “Maxion Wheels is...
Vedanta Limited’s aluminium products and aluminium ingot prices rebounded on Saturday, July 23, following a cut on the previous day. With effect from Saturday, Vedanta’s aluminium wire rod price has increased by INR 2,750 per tonne to come in at INR 234,250-241,750 per tonne. On July 22, the price stood at INR 231,500-239,000 per tonne, after being cut by INR 2,500 per tonne from INR 234,000-241,500 per tonne. Vedanta’s aluminium billet price also saw an increase on Saturday, July 23, by INR 2,750 per tonne to INR 235,750 per tonne, following a downfall of INR 2,500 per tonne from INR 235,500 per tonne on July 21 to INR 233,000 per tonne on July 22. With effect from July 23, aluminium ingot price has come in at INR 226,750-258,250 per tonne, up by INR 2,750 per tonne from INR...
The downstream sector is the most productive sector of all as its profiles travel down to the retail market for the manufacturers to make products for consumers to utilise. This week has been quite exciting for the downstream zone as many important names made a headline with their noble initiatives. Aequs Pvt Ltd and Hindalco Industries have agreed to share their market and industry expertise to manufacture, develop and certify sustainable aluminium extrusions for the commercial aerospace OEMs and other essential customers. While in the Southern Hemisphere, by July 31, 2022, the paperwork would be complete with chairing Vulcan Steel as the esteemed owner of Ullrich Aluminium for NZ$165 million (A$148.63 million) after the complete metamorphosis of the latter into an aluminium unit. As...
On Thursday, July 21, the aluminium billet inventories in China dropped by 3,100 tonnes W-o-W to close at 95,400 tonnes, from 98,500 tonnes a week ago. Except for Foshan and Huzhou, all major markets saw a decrease in inventories, partially attributable to fewer exports from smelters in northwest China. However, declining aluminium prices also sparked upstream restocking demand. The stockpile of aluminium billets is anticipated to continue decreasing in the next week. The figure below provides further information on the current state of aluminium billet inventories in China: The aluminium billet inventory in Wuxi witnessed the highest drop by 2,200 tonnes to settle at 18,400 tonnes, from 20,600 tonnes recorded last week, followed by in Changzhou, where the inventory had slumped by 600...
Five years after lawmakers authorised investing $15 million to assist Unity Aluminum (formerly known as Braidy Industries) build an aluminium mill, the company appears to be abandoning a contentious project in Ashland to take up another project with Steel Dynamics Inc. in the southeast. According to a spokesperson of the company, the Ashland location is "insufficient to satisfy the size and scope requirements" of the new project. Former Gov. Matt Bevin (R), who served as Kentucky Gov. Andy Beshear's predecessor, urged lawmakers to authorise investing $15 million in the Ashland project. Still, the plant never materialised after five years and much debate. Craig Bouchard, the founder of Braidy Industries, quit the organisation in 2020 when concerns arose over his handling of business money....
Hydro has announced strong financial performance for the second quarter of 2022 with a 39 per cent quarter-on-quarter hike in revenue from NOK 46,616 million to NOK 64,793 million. On a year-on-year basis, the revenue has reported a significant rise of 87 per cent from NOK 34,559 million. The company’s total revenue during the first half of 2022 has amounted to NOK 111,409 million, compared to NOK 66,510 million a year ago. Adjusted EBITDA shows an increase of 4 per cent Q-o-Q for the second quarter of the year from NOK 11,165 million to NOK 11,594 million, while on the year jumps by 76 per cent from NOK 6,598 million. Adjusted EBITDA for the first half of the year has registered a surge of 93.2 per cent from NOK 11,780 million to NOK 22,759 million. Stronger margins in aluminium...
Vulcan Steel has signed a conditional sale and purchase agreement to acquire Ullrich Aluminium for NZ$165 million (A$148.63 million) to diversify into a metal that weighs just one-third as much as stainless steel. Vulcan gained 100 per cent of the aluminium distributor. Net debt of NZ$34 million and net tangible assets of NZ$131 million make up the transaction price. However, both are contingent on completing the accounts through July 31, 2022. According to Rhys Jones, demand is growing because consumers are looking for lighter metals to minimise carbon emissions in transportation and industry. There is a worldwide movement to reduce emissions in aluminium manufacturing. He claimed that the weight of aluminium is nearly equal to that of steel. “The acquisition of Ullrich significantly...
PyroGenesis Canada, Inc. has informed that it is focusing on scaling up its metal powder production by adding aluminium for the use in Additive Manufacturing. PyroGenesis has said that it intends to add aluminium alloy powder to its product range, as requested by many global automakers issuing requirements for aluminium alloy powders made with plasma atomisation – especially from the alloy AlSi10Mg. This is the company’s medium-term goal, which will require an additional stand-alone production system to prevent cross-contamination. “Over the past three years, PyroGenesis completed a series of intricate production steps as it readied the NexGen Plasma Atomisation system,” stated P Peter Pascali, CEO and Chairman of PyroGenesis. “This has resulted in the most recent milestone, where the...
Novelis Inc., the world’s renowned aluminium rolling producer and recycler and a leading sustainable aluminium solutions provider, announced on Thursday, July 21, that it signed a Cooperation Research Agreement with Airbus to develop a tighter collaboration for more advanced aluminium solutions for the aircraft of tomorrow. This partnership between Novelis and Airbus is expected to accelerate the pace of joint R&D programmes. Being a supplier of aluminium plates and sheets to Airbus, Novelis puts a constant effort to revolutionise aircraft design, material and manufacturing for more sustainability. According to Novelis, collaboration with suppliers and customers around the world will help them stay committed towards providing low-carbon and sustainable aluminium solutions to achieve full...
The Aluminum Association provided testimony on Wednesday, July 20, regarding the financial effects of Section 232 and Section 301 tariff programmes before the U.S. International Trade Commission (USITC). The Aluminum Association's president and CEO, Charles Johnson, noted how China's widespread uses of industrial subsidies in the aluminium industry have skewed the world market for the metal. Utilizing American antidumping and countervailing duty rules, the U.S. aluminium sector has recently been successful in obtaining relief from unjustly priced and dumping metal in many markets. These focused actions have given U.S. manufacturers that the USITC unanimously concluded were harmed by unjustly traded imports from China and later other nations’ vitally essential, long-lasting remedies. “The...
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices for the third day in a row, with effect from Thursday, July 21. The company has increased its aluminium wire rod price by INR 4,000 per tonne to INR 239,850 per tonne as of July 21. On the previous day, the price stood at INR 235,850 per tonne, seeing a rise of INR 3,250 per tonne from INR 232,600 per tonne. Hindalco’s aluminium billets price has also seen a rise of INR 4,000 per tonne on July 21 to INR 242,850 per tonne, following an increase of INR 3,250 per tonne on the previous day to INR 238,850 per tonne. Aluminium ingot price has also been heightened by INR 4,000 per tonne on Thursday from INR 224,750 per tonne to INR 228,750 per tonne. Hindalco Industries links its aluminium ingot and...
With the addition of AL Geometry to its ISO Turning portfolio, WIDIA expanded its range of reasonably priced tooling solutions for small to medium-sized machine shops that work with non-ferrous materials and aluminium. The AL Geometry insert offers additional advantages in addition to increased product variety due to the availability of numerous grade and style options. Shorter set-up times are achieved by reducing manual chip collection after each cut, thanks to an improved chip flow caused by a highly polished rake face. In addition to improving overall tooling precision and reducing cutting pressures, the peripheral ground insert also has a sharper cutting edge. Because of the decreased built-up edge caused by reliable tooling performances, customers may spend more time machining and...
On Tuesday, July 19, the Aluminium Stewardship Initiative announced the joining of Triangle's Cycling Equipments as its new Industrial User member. Triangle's aspires to be a model business and a pioneer in the development and production of aluminium bicycle frames at the European level. It is the first factory in the world to manufacture aluminium bicycle frames using robots. It invests in innovative technology from the standpoint of sustainable development, with a significant emphasis on satisfying the requirements and expectations of customers and other important stakeholders. The business has innovative equipment designed specifically for transforming aluminium, with the totally robotic welding process standing out. “Triangle’s is an aluminum e-bike frame manufacturer. Our raw...
In a recent filing with the Commerce Department, the Common Alloy Aluminum Sheet Trade Enforcement Working Group of the Aluminum Association and its individual members claimed that Chinese exporters and producers are allegedly evading unfair trade restrictions on common alloy aluminum sheet (CAAS) from China by selling 4017 alloy aluminium sheet for uses that are typically reserved for 3003 and 3105 aluminium sheet. In order to address the circumvention of antidumping and countervailing duty (AD/CVD) orders released in 2019 on imports of common alloy aluminium sheets from China, the organisation requested that the Department open a "minimal changes" probe. “The U.S. aluminum industry has made a commitment to rigorously monitor and enforce unfair trade laws to ensure a level playing field...
