Constellium SE has raised its full-year financial outlook after reporting stronger earnings across its major aluminium businesses, supported by improved aerospace demand, favourable pricing and product mix, and robust recycling performance. However, lower shipments across parts of its portfolio highlight an uneven recovery in end-market demand. The Paris-based aluminium products manufacturer reported its third-quarter and nine-month financial results on October 28, 2026, with profitability improving despite a slight decline in overall shipment volumes. The company also reported record quarterly adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA). Constellium's Q3 2026 revenue and earnings climb Constellium generated revenue of USD 2.64 billion in the third...
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...
Grow with
AL Circle
Guangyuan Linfeng Aluminum & Electricity Co., LTD joined ASI as its new production and transformation member. Guangyuan Linfeng Aluminum & Electricity Co., LTD., founded in December 2018, is located in Guangyuan Economic and Technological Development Zone's Yuanjiaba Industrial Park. With an annual production of 250,000 tonnes of high-quality raw aluminium and total assets of 2.3 billion yuan, the firm can reach annual industrial output value of 3.6 billion yuan, earnings and taxes of approximately 150 million yuan, and more than 400 workers. The firm makes full use of Sichuan Province's abundant hydropower resources and implements complete hydropower production, which reduces thermal power output by 3.4 billion KWH, saves 420,000 t of standard coal, and reduces carbon emissions by...
China’s aluminium billet inventory has plunged by 3,000 tonnes W-o-W to settle at 127,100 tonnes. Yesterday, downstream purchases were bolstered by the sharp fall in aluminium prices and the forthcoming Dragon Boat Festival. Overall, downstream consumption has rebounded, and the market is confident that it will continue to improve. The short-term destocking trend in the aluminium billet market is projected to continue. The figure below provides further information on the current state of aluminium billet inventories in China: In Foshan the inventory has increased by 800 tonnes to come in at 75,400 tonnes. For the same day, the inventory in Wuxi has declined by 2800 tonnes to score at 15,600 tonnes. The epidemic in east China has been mostly contained, resulting in a significant reduction...
Alumex PLC, the aluminium extrusion manufacturing giant from Sri Lanka, was presented with a bronze award for its ultimate commitment to transparency and governance at the Asia Integrated Reporting Awards. The company name was mentioned in the Integrated Report (SME) category for collectively and directly conveying its value creation to stakeholders through consolidated reporting. Alumex was among the 94 applications in 8 genres coming from 8 countries, and through initial evaluation, only 25 companies from 6 countries marched forward to the showdown. At last, 12 winners were recognised across Asia by a wise judgement board. The award show was inaugurated, with a speech from the Guest of Honour, British High commissioner to Singapore, Kara Owen and invitees, including over 250 senior...
Festo, a leading German industrial control and automation firm headquartered in Esslingen am Neckar, is providing PM Metal with new welding cells made up of aluminium as a retrofit to use in the existing systems. As per the company, the tubing provides a weld-spatter-resistant alternative to laminated and steel pneumatic tubing. The tube may be placed near the welding process, allowing for a more effective pneumatic setup while avoiding burn-through. The tubing has a nominal OD to avoid clearance issues and is intended to work with conventional pneumatic push connections right out of the box, so no additional equipment or bigger connectors are required. The tubing keeps its shape and stays in place without the use of extra clips or tie downs after it's been created. Since 2015, PM Metal...
On 1 st June 2022, the first Moroccan company specialising in the manufacture of aluminium alloy profiles Aluminium du Maroc reported a turnover of DH 213 million for Q1 2022, a sharp rise of 72% when compared to Q-o-Q for the same phase in 2021 Founded in 1976, Aluminium du Maroc exemplified that this growth is due to a 16% enhancement in sales volumes of aluminium profiles, especially for the export of +57% and by +32% appreciation of selling prices over the period. However, the latter relatively captivated the surge in production costs, primarily the metal and energy and also extended to the transport cost. The company stated, “Investments over the period reached DH2.3 million, stable compared to the same period in 2021. Investments for projects are planned for the second half of...
On Tuesday, May 31, Novelis Inc., the world leader in aluminium rolling and recycling, announced the joining to the First Movers Coalition (FMC), a global initiative aimed at decarbonising eight “hard to abate” sectors that account for 30% of worldwide carbon emissions. By joining this platform, Novelis will contribute its effort to reducing carbon emissions from the aluminium manufacturing process, along with many other enigmatic companies from the same industry. The First Movers Coalition (FMC) was launched during the 26th United Nations Climate Change Conference (COP26) in October 2021. Its aim to reduce carbon emissions is expected to reach commercial scale by 2030 and achieve net-zero emissions by 2050. This complements Novelis’ goals to accomplish a 30% carbon footprint cut by 2026...
As per the latest USGS data, the United States imported 2,170 tonnes of aluminium plates, sheets and bars from German in February 2022. On an M-o-M scale, a surge of 100 tonnes or 4.83 per cent was recorded in February, from 2070 tonnes in January 2022. On the other hand in January, the amount of aluminium plates, sheets and bars imported from Germany by the United States plunged by 1,450 tonnes or 41.19 per cent from 3,520 tonnes in December 2021. On a Y-o-Y scale, in February 2022 the amount of US aluminium plates, sheets and bars imported from Germany plummeted by 350 tonnes or 15.23 per cent from 2,560 tonnes in February 2021. The total quantity of aluminium plates, sheets and bars imported from Germany by the United States in 2021 settled at 39,700 tonnes. The total amount of...
Capral Aluminium has pledged to achieve net-zero emissions by 2050. In order to make this happen, Capral will have to achieve net-zero emissions in Scope 1 and Scope 2, with the support of new and breakthrough technological alternatives. The scientific community has said unequivocally that net-zero global CO2 emissions must be achieved by mid-century to keep global warming to 1.5°C and prevent the harmful effects of climate change on human civilization and ecosystems. Carpal's net-zero promise, according to Michael O’Keefe, will first target Scope 1 and Scope 2 emissions. Michael O’Keefe is the General Manager of the Marketing and Technology department at Capral Aluminium. Direct emissions from company-owned and controlled resources are included in Scope 1. In other words, emissions...
Hindalco Industries, an Aditya Birla Group company, recorded a historic profit of INR 13,370 crore in FY2022. The company has decided to expand its downstream segment with the aim of bringing Novelis (the world's largest aluminium firm) in India by reinvesting the profits for the same. This year, the corporation has set aside a capital budget of 3,000 crore, which will be spent mostly on the continuing downstream growth. Given the downstream expansion, Hindalco aims to provide all high-end value-added goods to customers across the globe. Compared to the upstream capacity of Hindalco Industries, which may remain unchanged at 1.3 million tonnes, the downstream output of the company may increase from 400,000 tonnes to 700,000 tonnes in the next five years, says Satish Pai, the Managing...
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices this week, which, as per the data, has been ascended after back-to-back cuts on May 25 and May 26. With effect from May 31, Hindalco has increased its aluminium wire rod price by INR 2,750 per tonne to INR 266,850 per tonne, following a drop of INR 4,750 per tonne to INR 264,100 tonne on May 26. Hindalco’s aluminium billets price has also been escalated by INR 2,750 per tonne on May 31 to INR 269,850 per tonne after being reduced by INR 4,750 per tonne to INR 267,100 per tonne on May 26. Aluminium ingot price has also witnessed a hike of INR 2,750 per tonne on May 31 to score at INR 255,750 per tonne, as against INR 253,000 per tonne on the previous day. As of May 31, Hindalco has increased its...
The globally integrated aluminium producer, Press Metal, with its largest presence in South East Asia recorded augmented sales and earnings for the first quarter till 31st March 2022. The firm’s revenue ascended to 86.6% Y-o-Y in 1Q 2022 to reach RM 3.92 billion, and the net profit heightened by 104.7% Y-o-Y to RM 421.02 million on the ground of higher production and soaring sales price. The European market facing the challenge of an extensive rise in energy prices has hindered production in the region, however, Press Metal believes that the market situation will probably get better in the coming years. Tan Sri Paul Koon, the CEO of Press Metal Aluminium, confirmed that the company would take full advantage of the prevailing market scenario to boost sales. He also said: “Market fluidity...
Ontario, Canada based Exco Technologies Limited witnessed a significant increase in its short interest, with the total amounting to 111,400 shares as of May 15, up by 60.5 per cent from 69,400 shares recorded on April 30. The days-to-cover ratio is now 222.8 days, based on an average trading volume of 500 shares. Exco Technologies Limited is a global supplier of innovative technologies servicing the aluminium die-cast, extrusion and automotive industries. On Friday, the shares of Exco Technologies started at $6.68. Exco Technologies had a low of $6.42 and a high of $9.11 for the last year. The company's 50-day and 200-day simple moving averages are $7.00 and $7.35, respectively. As per a research note released on February 3, BMO Capital Markets lowered its price target on Exco...
According to a report published by the European Aluminium Foil Association, the first quarter of 2022 witnessed robust domestic demand for European aluminium foil rolls, countervailing a continuing decline in exports. Demand in the larger domestic market segment grew by 5 per cent in the quarter, with a total production volume 0.2 per cent higher Y-o-Y to 244,700 tonnes. Exports dropped sharply by 27 per cent as pressures on several non-domestic fronts continued to weigh. European demand for thin gauges, used mainly for flexible packaging and other kitchen applications, recovered considerably with a hike of 9 per cent in Q1 2022. That was higher than the 6 per cent of growth seen in the previous quarter and the overall rising trend of 3 per cent last year. The packaging industry...
According to the latest USGS statistics, in February 2022, the United States imported 4,270 tonnes of aluminium plates, sheets and bars from South Africa, which went on to nosedive by 2,510 tonnes or 37.02 percent from 6,780 tonnes in January 2022. However in January, there was a hike of 3050 tonnes or 81.76 percent from 3,730 tonnes in December 2021. On a Y-o-Y calculation, the US aluminium flat rolled products imports from South Africa in February 2022 jumped higher by 3,616 tonnes from 654 tonnes in February 2021. In 2021, the total amount of aluminium plates, sheets and bars imported from South Africa settled at 42,000 tonnes. In February 2022, the total amount of aluminium plates, sheets and bars imported by the United States halted at 107,000 tonnes, which went on to decline majorly...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Hindalco Industries Limited books a record profit for FY22, attributing to robust performance in the downstream business. According to the TRA, aluminium extrusion products are imported from China and dumped into the UK at unfair prices and injuring the industry. The acquisition of Preziss by Sandvik is aligned with the company’s strategy to grow in lightweight materials and strengthen its position in the automotive aluminium segment by building a complete product and service offering. On Thursday, May 26, Hindalco Industries Limited reported the consolidated fourth quarter and full-year financial results for 2021-22, revealing the highest-ever profits. Its...
Hindalco Industries Limited slashed its aluminium products and aluminium ingot prices back-to-back this week, following incessant hikes since May 13. On May 25, Hindalco reduced its aluminium wire rod price by INR 6,750 per tonne to INR 268,850 per tonne and extended the cut by INR 4,750 per tonne to INR 264,100 per tonne on May 26. So in total, the price saw a slash of INR 11,500 per tonne in two days. Hindalco’s aluminium billets price also saw a cut of INR 4,750 per tonne on May 26 to INR 267,100 per tonne after being reduced by INR 6,750 per tonne to INR 271,850 per tonne on May 25. Aluminium ingot price was also cut by INR 6,750 per tonne on Wednesday, May 25, to INR 257,750 per tonne and witnessed a trim of INR 4,750 per tonne the next day to INR 253,000 per tonne. Hindalco...
OCTA International Company, a multinational firm in the business of technology solutions to the oil & gas sector based in Egypt, has signed a memorandum of understanding (MoU) with aluminium products Company (ALUPCO), a counterpart of the Saudi Olayan Group. Through the amendment of this agreement, ALUPCO will aid OCTA in setting up a factory to produce aluminium items that will be utilised in the construction sector, as was reported by the State Information Services (SIS). OCTA is administered by a group of highly skilled experts with profound years of experience in both on-field and table, leading innumerable teams and management businesses worldwide. They also have been taking part in operations and development of the business opportunities and programmes. The Egyptian Minister of...
Manna Capital Partners, a financial advisory and wealth creation company based in Louisville, Kentucky, is reportedly diversifying into aluminium can sheet roll sector. The news came on Thursday, May 26, following an announcement that Manna Capital, in alliance with the world-leading aluminium beverage packaging company, will construct and operate a state-of-the-art aluminium can sheet rolling mill and recycling centre in Los Lunas, New Mexico. As per the report, Ball Corporation is willing to enter into a long-term supply agreement and intends to hold a minority equity position in the mill. Alliance like this will allow Ball Corporation and its customers to access more domestically produced aluminium can sheet. This new alliance in town demonstrates both the companies’ commitment towards...
