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...
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Malaysian Press Metal Aluminium declared that its Sarawak subsidiary is approved of an ‘amicable settlement’ with the Inland Revenue Board (IRB) for the additional settlements of the years 2014 to 2019. Concurring to a letter sent from the IRB head office dated 22nd April, a subsidiary of Press metal PM Bintulu Sdn Bhd has settled on a sum of RM 26.74 million after a thorough assessment, as revealed by the company. Earlier, the group’s additional assessment had amounted to RM 106.06 million for 2014-2019, as was announced by the company on November 26, 2021. Press Metal said that during that time, IRB had authorized additional income tax “based on its view that certain income does not fall under pioneer status exemption approved by Malaysian Investment Development Authority (MIDA)”. The...
In the Horn of Africa, a nation named Djibouti has lately been classified as a low-middle-income country status. However, despite the recent economic development, the country’s poverty rates stand at 79%, with 42% of the population living in paramount poverty. Djibouti provides a mixed economic system which incorporates a wide range of private freedom, blended with centralized economic planning and government regulation. It is a member of the League of Arab States (Arab League) and the Common Market for Eastern and Southern Africa (COMESA). The revoke of COVID-19 restrictions has smoothed Djibouti’s economic rebound in 2021 to an estimated 4.3%. Although the growth is projected to remain modest in 2022 but augment apace thereafter, the credit goes to infrastructure projects, diminishing...
On Monday, April 25, NALCO CMD Sridhar Patra and MIDHANI CMD Sanjay Kumar Jha reportedly met the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to apprise the problems related to infrastructure for setting up a high-end aluminium alloy products manufacturing plant in Nellore. On receiving the complaints, the Chief Minister directed the officials concerned to look into the issues. Mr Reddy also suggested NALCO and MIDHANI to set up an MSME park in addition to this project to meet the needs of equipment manufacturers in defence allied sectors. The upcoming high-end aluminium alloy products manufacturing plant involves a cost of INR 5,500 crore. It will have a production capacity of 60,000 tonnes and create direct and indirect employment to 750-1000 people at Bodduvaripalem in...
As per the reports from SMM, the average operating rate of major aluminium processing companies fell 3.3 percent to 64.5 percent last week (April 18 to April 22). Except for a modest gain in the aluminium wire and cable sector and constant operating rates in the aluminium plate, sheet, and strip sector, all other sectors' operating rates have decreased to varying degrees. The present epidemic continues to place a strain on downstream production. The market must continue to monitor the impact of the pandemic on corporate transportation in various locations. If the pandemic subsides, downstream consumption is projected to revive swiftly, and business output will increase dramatically. From April 18 to April 22, the alloy and aluminium extrusion industries' operating rates dropped the...
According to the US Census Bureau data, the United States imported 194,000 tonnes of aluminium crude metals and alloys from Canada in January 2022. That was a decrease of 2,000 tonnes or 1.02 per cent from 196,000 tonnes in December 2021. As per the data shown, the monthly decline in China’s aluminium crude metals and alloys imports extended for the second month in a row, albeit slower in January, because the imports in December recorded a plunge of 39,000 tonnes or 16.6 per cent from 235,000 tonnes. However, on a year-on-year calculation, the United States aluminium crude metals and alloys imports in January 2022 registered a hike of 28,000 tonnes or 16.87 per cent from 166,000 tonnes. In the entire year of 2021, the crude metals and alloys imports by the United States from Canada...
The leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries including the aircraft, AMAG Austria Metall AG’s fully owned subsidiary, AMAG components with its headquarter in Übersee am Chiemsee in Germany since the beginning of the year, has been working successfully with Ruag Aerostructures for many years. AMAG components is an important supplier of complex individual parts and assemblies, that has now been able to secure the existing scope of supply for years to come and acquire additional orders for new parts and assemblies. However, both the parties have agreed not to unveil the elements of the contract, which has a total volume of around one hundred million euros. Gerald Mayer, the CEO of AMAG Austria Metall AG said,...
The downstream aluminium segment has been in the news this week moreover due to a few interesting happenings. The American industrial aluminium company, headquartered in Atlanta, Georgia, United States, Novelis, which is also a subsidiary of Hindalco Industries has declared its investment plan of more than $30 million for building a new continuous annealing line at its Plettenberg-Ohle facility in Germany. The company that is eyeing to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3), Altech Chemicals has described its feasibility study for its battery materials coating plant to be ‘outstanding’ and ‘highly positive’. Vedanta Limited slightly expanded its aluminium products and aluminium ingot prices on Friday, April 15, following a sharp cut of...
Hindalco Industries Limited again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 21, following an intermittent hike on the previous day. On April 21, the company reduced its aluminium billets price by INR 5,500 per tonne or 1.82 per cent to sell the product at INR 297,350 per tonne. On April 20, the price had seen a raise of INR 8,750 per tonne to stand at INR 302,850 per tonne. Hindalco’s aluminium wire rod price was also slashed by INR 5,500 per tonne on April 21 from INR 299,850 per tonne on April 20 to INR 294,350 per tonne. Aluminium ingot price came in at INR 283,250 per tonne versus INR 288,750 per tonne on the earlier day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London...
Spanish manufacturer of steel and aluminium parts, Ecrimesa Group, headquartered in Santander has expanded its facilities to a total area of about 20,000 m 2 . The facility consists of a technical office and a moulding workshop. The adjoining machining plant has areas for investment casting, Metal Injection Moulding (MIM), Additive Manufacturing, a metallurgical laboratory and metrology department. Ecrimesa Group facilities house the latest machinery and they boast having qualified staff to develop projects concerning fabrication of steel and aluminium parts by investment casting and Metal Injection Moulding (MIM), the latter being their unique innovation. MIM is largely used in medical industry and due to its accuracy in forging metal; it can be used for making complex shapes required in...
In March 2022, China imported 120,600 tonnes of unwrought aluminium alloy, up by 54.5 per cent Y-o-Y and 31.3 per cent M-o-M, according to China General Administration of Customs. The imports in the first quarter of 2022 totalled 329,000 tonnes, going up by 50.2 per cent, year on year. China exported 18,300 tonnes of unwrought aluminium alloy in March, up by 2.1 per cent Y-o-Y and 55.6 per cent M-o-M. In Q1 2022, exports stood at 38,000 per tonne, down by 21.4 per cent Y-o-Y. Malaysia, South Korea and India exported a lion share of unwrought aluminium alloy to China in March 2022. The import ratio from these countries declined slightly in comparison with the previous two months. From Malaysia, China imported 23,400 tonnes which accounted for 19 per cent of the total imports, while from...
On Thursday, April 21, China’s aluminium billet inventories plunged by 11.37 percent W-o-W to stop at 119,100 tonnes. East China's transportation efficiency is unlikely to increase considerably in the near future, keeping stocks relatively steady. The peak season in south China drove destocking. As downstream purchasers stock up for the impending Labour Day vacation, overall inventories are projected to continue to drop. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan the inventory plunged by 18,900 tonnes to come in at 44,500 tonnes. For the same day in Wuxi the inventory had fallen by 1,200 tonnes to stop at 38,300 tonnes. In Changzhou the inventory slumped by 1,900 tonnes to total at 12,600 tonnes. In Huzhou the...
In January 2022 a total of 112,000 tonnes of aluminium plates, sheets and bars was imported to the United States. On a month-on-month scale a growth of 3,000 tonnes or 2.75 percent was witnessed. As per the USGS data, for December 2021 the total amount of aluminium plates, sheets and bars imported to the US stopped at 109,000 tonnes, which was followed by a month-on-month plunge of 10,000 tonnes or 8.40 percent from 119,000 tonnes in November 2021. In January 2022 the total amount of aluminium plates, sheets and bars imported to the United States was recorded at 112,000 tonnes, which on a year-on-year calculation augmented by 27,900 tonnes or 33.17 percent from 84,100 tonnes in January 2021. For the complete year of 2021, the total amount of aluminium plates, sheets and bars imported to...
Trimet France's Saint-Jean-de-Maurienne and Castelsarrasin sites in France have received ASI Performance Standard Certification for the development, manufacture, and sale of aluminium in the form of wire rods, slabs, and ingots, as well as the production of molten aluminium and the manufacture of anodes. Trimet France is one of the country's only two principal aluminium manufacturers. The facilities' combined yearly output capacity is roughly 150,000 tonnes. “ASI congratulates Trimet France on achieving Performance Standard Certification. These plants’ aluminium products make vehicles and planes lighter and more economical, wind turbines and electrical installations more efficient, and buildings and packaging more environmentally friendly. ASI Performance Standard Certification...
Altech Chemicals has arranged for a particular feasibility study for its battery materials coating plant urging the company to allot US$507 million for their proposed plant in Germany. The company describes the study to be ‘outstanding’ and ‘highly positive’. Covered by Altech’s exclusive license, the plant when active will produce silicon-grade anode materials called Silumina Anodes. The company declared that this specific study has revealed that a capital investment of US$95 million would be needed to develop a 10,000 tonne per annum capacity silicon-graphite alumina coating plant in Saxony. Europe’s Electric Vehicle (EV) Market has taken shape in the past few years and with the ever-evolving market, the demand for Silumina Anodes is skyrocketing. Altech’s plan is very much dependent on...
On Thursday, April 21, Novelis, the global leader in aluminium rolling and recycling, has announced its investment plan of more than $30 million for building a new continuous annealing line at its Plettenberg-Ohle facility in Germany. As per the report, the addition of new line will increase the plant’s capacity by two-fold for aluminium used in the production of coffee capsules, enabling to meet the increased demand for sustainable packaging solutions. The choice for aluminium coffee capsules over plastic by most coffee brands is for long life and retention of fresh flavour. Thanks to aluminium’s distinctive properties, the metal offers barrier and protects the freshness and aromas of capsulated coffee from moisture. In addition, aluminium is a perfect metal for circular economy and...
The economy of Iceland rose at a steady pace but onwards 2017 decelerated its speed through 2019, crashed in 2020, and again recovered in 2021, which resulted in a five-year average annual growth rate of 2.20%. The Nordic island country has maintained strong levels of economic freedom for the past half-decade. According to OECD, the economy of Iceland is projected to grow by 5.2% in 2022 and 4% in 2023, navigated by rebounding foreign tourism and resilient exportation of goods. However, it has been notified that business investment will slow down as financial conditions are tightening and restrained projects are being terminated. A nation with impressive poverty rates, Iceland imported 6355 tonnes of aluminium bar rods and profiles during 2019-21. Machine and equipment parts are...
The production of primary aluminium in Japan is no more than 0.5% of the total demand of the nation. In Japan only one aluminium smelter is left out to be operational, however, the country’s per-capita consumption of aluminium has grown to around 16 kg. According to the World Bureau of Metal Statistics, the Japanese production of secondary aluminium in 2020 was around 690.2 thousand tonnes, a downfall of roughly 105.2 thousand tonnes compared to the existing year. The Japanese semi-finished (plates, sheets & strips) aluminium products market has manifested a significant demand in the overseas market due to its technology proven quality. The East Asian nation, exported 622,555 tonnes of aluminium semi-finished products, attracting earnings of foreign revenue of $1.831 billion from the...
Hindalco Industries Limited has expanded its aluminium products and aluminium ingot prices, with effect from April 20, following two back-to-back cuts on April 13 and 14. As per the revised price list revealed by Hindalco, the company’s aluminium wire rod price has come in at INR 299,850 per tonne as of April 20, up by INR 8,750 per tonne or 3 per cent from INR 291,100 per tonne. Hindalco’s aluminium billets price has also experienced a hike of INR 8,750 per tonne from INR 294,100 per tonne on April 12 to INR 302,850 per tonne on April 20. The latest raise has brought Hindalco’s aluminium ingot price at INR 288,750 per tonne versus INR 280,000 per tonne a week ago. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal...
