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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On Tuesday, April 19, Logan Aluminum had been successfully certified against the ASI Performance Standard for responsible aluminum production, sourcing, and stewardship by the Aluminium Stewardship Initiative (ASI). Logan Aluminum's facility in Russellville, Kentucky, has received ASI Performance Standard Certification for remelting, recycling, casting, hot mill rolling, cold mill rolling, and coil finishing activities. “Logan Aluminum is committed to advancing sustainability, not only within our own manufacturing processes, but also throughout the larger supply chains by improving circularity and environmental stewardship. To that end, we joined the Aluminium Stewardship Initiative, along with a number of our valued customers and industry peers. Our achievement of ASI Performance...
Vedanta Limited slightly expanded its aluminium products and aluminium ingot prices on Friday April 15, following a sharp cut of INR 13,000 per tonne on April 12. Since the latest increase, Vedanta is selling its aluminium wire rod price at INR 289750- 297250 per tonne, up by INR 1,250 per tonne or 0.43 per cent from INR 288,500-296,000 per tonne on April 12. Vedanta’s aluminium billet price is now standing at INR 290,250 per tonne since Friday, April 15, as against INR 289,000 per tonne on April 12. Vedanta’s aluminium ingot has also witnessed a price rise of INR 1,250 per tonne, with effect from April 15, from INR 281,000-328,500 per tonne to INR 282,250- 329,750 per tonne. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on...
As per the latest data from the USGS, the total amount of US aluminium crude metals and alloys imported from the United States for January 2022 halted at 343,000 tonnes, which on a month-on-month scale reflected a jump of 27,000 tonnes or 8.54 percent. In December 2021, the amount of aluminium crude metals and alloys imported from the United States closed at 316,000 tonnes, showing a month-on-month decrement of 22,000 tonnes or 6.50 percent from 338,000 tonnes in November 2021. On a year-on-year calculation, a huge growth of 93,000 tonnes or 37.2 percent was witnessed from 250,000 tonnes in January 2021. In January 2022, the total amount stopped at 343,000 tonnes. For January 2022, the highest importer of aluminium crude metals and alloys was Canada. The United States imported a total of...
This week has been very eventful for the downstream aluminium products sector with Ministers of the United Arab Emirates visiting their manufacturing units to plan upgradations while Chinese billionaire Liu Zhongtian defrauding America by forging aluminium into ‘pallets’ to avoid paying US$ 1.8 billion to US customs. The export of aluminium plates, sheets, and bars faces a blow in America similarly, Chinese aluminium plate/sheet and strip producers decrease activity resulting in a Year-on-Year decline. In the Middle West, Qalex under Qatar Industrial Manufacturing Company (QIMC) welcomes the second nitriding system from Nitrex, a global producer of turnkey systems, Canada and Gränges Powder Metallurgy gifts Sweden with its first aluminium alloy DISPAL ® S220 for additive manufacturing....
On Thursday, April 14, China’s aluminium billet inventory declined by 8.02 percent W-o-W to halt at 146,400 tonnes. The epidemic significantly impacted both freight inflows and outflows, therefore inventories in east China did not alter substantially. The adjustments in east China's inventory will be determined by how the epidemic develops. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan the inventory had fallen by 18,300 tonnes to peg at 63,400 tonnes. Next week, inventories in Foshan may continue to shrink. As per the SMM data, inventory in Wuxi had gone up by 710 tonnes to settle at 39,500 tonnes. Due to weak downstream consumption, stockpiles in Nanchang continued to rise. In Nanchang also the price had climbed up by...
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices, with effect from Thursday, April 14, albeit much lesser than the previous day. As against the slash of INR 12,500 per tonne on Tuesday April 12, Hindalco’s aluminium wire rod price has seen a trim of INR 1,250 per tonne on April 14 to INR 291,100 per tonne. Hindalco’s aluminium billets price has also been reduced by INR 1,250 per tonne or 0.42 per cent to INR 294,100 per tonne. On April 12, the price stood at INR 295,350 per tonne after being chopped by INR 12,500 per tonne from the previous day. As per the revised prices revealed, the company is now selling its aluminium ingot price at INR 280,000 per tonne versus INR 281,250 per tonne on April 12. Hindalco links its aluminium ingot and aluminium...
Elval received €75 million 10 year loan from the European Investment Bank (EIB), which will fund half of its new investment. Elval is ElvalHalcor S.A.'s aluminium rolling subsidiary and one of the world's largest aluminium rolling producers. The first phase of ElvalHalcor’s five year investment program was completed by 2020. The new investment relates to the implementation of the second phase of the investment programme, which will cost an additional EUR 150 million, in order to meet increased production capacity targets in response to rising market demand for rigid packaging and other aluminium products, which is being fuelled by global megatrends. On Wednesday, April 13, EIB President Werner Hoyer and Michael Stassinopoulos, chairman of ElvalHalcor's Board of Directors, confirmed their...
In March 2022, the average operating rate of Chinese aluminium plate/sheet and strip producers was 79.22 per cent, up by 1.81 percentage points from the previous month but down by 1.14 percentage points on the year. The operating rate grew in line with the increased orders during the traditional peak season. Inventories of finished products also moved up as the resurgence of the COVID-19 pandemic in late March hindered consumption and shipment of aluminium plate/sheet, strip and foil. Nonetheless, most enterprises of aluminium flat rolled products maintained operations in March, except for a few who had to cut production due to raw materials shortage. Therefore, the monthly operating rate, though lower than expected, stood higher than the previous month. In April, the pandemic in east...
The brainchild of the Qatar Industrial Manufacturing Company (QIMC), Qatar Aluminium Extrusion CO. (Qalex) has received a second nitriding system from Nitrex. The aluminium profiles manufacturer desired to equip a second extrusion plant with an independent nitriding furnace to safeguard handling, processing time and costs associated with having to transport extrusion dies back and forth from its first factory for nitriding work. The fully integrated global provider in the surface treatment market, Nitrex Poland’s Project Manager, Marcin Stokłosa said, “This is the second turnkey system, but it might not be the last one. The story for the initial furnace we sold to Qalex is very long but interesting. Discussions lasted a few years and the customer eventually decided on an order in 2017.”...
The export of aluminium plates, sheets and bars from the United States for January 2022 reflects a month-on-month downfall. In January 2022, US exported a total of 33,100 tonnes of aluminium plates, sheets and bars, which on a month-on-month scale dwindled by 7,400 tonnes or 18.27 percent from 40,500 tonnes in December 2021. In December 2021, the total amount of aluminium plates, sheets and bars exported from the United States closed at 40,500 tonnes, depicting a month-on-month plunge of 20.43 percent or 10,400 tonnes. On a year-on-year calculation, there was a huge downfall of 22,800 tonnes or 40.78 percent from 55,900 tonnes in January 2021. In January 2022, the amount of aluminium plates, sheets and bars exported from the United States stopped at 55,900 tones. For the entire year of...
Deriving from the DISPAL ® family of high-performance aluminium, the S220 AM is Sweden’s first aluminium alloy for Laser Beam Powder Bed Fusion (PBF-LB) addictive manufacturing as being introduced by Gränges Powder Metallurgy headquartered in Stockholm. This alloy is quite similar to steel but one third its weight which makes it quite preferable for aerospace and automotive industries. The material is supposed to possess good wear and friction properties because the silicon in it is evenly distributed in the matrix structure. S220 AM alloy is also bragged to be of low density and less coefficient of thermal expansion (CTE). Linear technology and robotics might yield a large amount of temperature and the precision work can impose a high load on the material therefore a low CTE is extremely...
Hindalco Industries Limited again slashed its aluminium products and aluminium ingot prices, with effect from Tuesday, April 12, following a hike on April 9. As per the revised prices published by Hindalco, the company’s aluminium wire rod price is standing at INR 292,350 per tonne after being chopped by INR 12,500 per tonne or 4.1 per cent from INR 304,850 per tonne on April 9. Aluminium billets price also witnessed a cut of INR 12,500 on April 12 to stand at INR 295,350 per tonne. On April 9, the billets price was at INR 307,850 per tonne, up by INR 4,000 per tonne from the previous day. Hindalco is now selling its aluminium ingot price at INR 281,250 per tonne, down by 4.44 per cent from INR 293,750 per tonne on April 9. Hindalco links its aluminium ingot and aluminium products prices...
The Aluminium Stewardship Initiative (ASI) has certified each of Hydro's three extrusion operations in Brazil, based on ASI's Performance Standard. The ASI-certified extrusion factories in Brazil are Itu (SP), Tubaro (SC), and Utinga (SP). The factories employ roughly 900 workers in total. ASI assesses many factors to determine whether or not supply chains are increasingly incorporating sustainability and human rights principles. “This achievement was only possible due a lot of collaboration among our departments and outstanding dedication of many people across the organization. Considering that our plant in Argentina also was just certified, now all our plants in South America have earned the distinction of Performance Standard Certification,” says Sergio L. Vendrasco, vice president...
Six Southern California companies linked to Chinese billionaire Liu Zhongtian were fined $1.83 billion on Monday, April 11. They were fined for conspiring to defraud the US through a scheme in which massive amounts of aluminium were disguised as "pallets" to avoid paying $1.8 billion in customs duties exported to the US. They were further "sold" to fraudulently inflate a China-based company's revenues and deceive investors around the world. Perfectus Aluminum Inc. and one of its subsidiaries, as well as four southern California-based warehouses where the aluminium was stored all controlled by Liu were sentenced to pay the fine by US District Judge R Gary Klausner. The firms were also sentenced to five years of probation by the judge. According to the statement, China Zhongwang Holdings...
The second-largest economy of the Arab world, the United Arab Emirates (UAE) is devoted to executing its tactics of reinforcing priority industrial spheres like heavy industry and upgrading their contribution to the nation’s economic development, according to Dr Sultan Al Jaber, Minister of Industry and Advanced Technology. On 10 th April 2022, Dr Sultan’s also said during his visit to the Gulf Extrusions headquarters at Jebel that innovation, sustainability and foresight are pillars of the industrial sector’s growth. The Ministry of Industry and Advanced Technology would pursue to support the industrial companies in alluring foreign capital and consolidate the UAE’s position as a most attractive global destination for fresh investment and industries. Dr Al Jaber said, “The UAE gives...
The aluminium downstream sector had a lot going on this week from Hindalco’s aluminium billets and wire rod prices shrinking by 2% to the Zimbabwean President visiting his country’s aluminium wire assets on a quest to encourage people for a sustainable future. According to Shanghai PMI (Purchasing Managers’ Index) reports, China witnessed a month-on-month rise in the aluminium sector but overall fell to achieve standard points on a year-on-year basis. Granco Clark supplied APEL Extrusions, Inc. with a complete Heating, Handling, and UBE Press System while in Malaysia Press Metals vouched to raise US$231 million to rejuvenate its machining facilities in order to cope with the Russia-Ukraine crisis situation. War uses up all the essential commodity products marking a rise in public demand,...
BMW group is advancing towards sustainability. Starting in 2024, it is planning to employ cast aluminium wheels made of 100% renewable energy for its BMW and MINI brands. To date, wheels have been responsible for around 5% of supply chain CO2 emissions. These emissions will be cut in half if the global auto brand switches to more sustainable products that use green energy. “Green power is one of the biggest levers for reducing CO2 emissions in our supply chain. We have already signed more than 400 contracts with our suppliers, including suppliers of wheels and aluminium, requiring them to use green power,” says Joachim Post, BMW AG's Purchasing and Supplier Network member. MINI will be a pioneer in this industry in 2023 when the new generation of the MINI Countryman will debut light-alloy...
Niche Fusina Rolled Products S.r.l. (Niche Fusina), a newly conjugated Italian company commissioned under partners of DADA Holdings LLC (DADA), Concord Resources Limited (Concord) and Invitalia-Agenzia Nazionale per l’attrazione degli investment e lo sviluppo d’impresa S.p.A. (the National Agency for Inward Investment and Economic Development in Italy, Invitalia) , obtained the business unit of Slim Fusina Rolling S.r.l. (Slim Fusina), which mainly deals with the production and sale of aluminium alloy rolled products. The acquirement took place on March 31, 2022, through an extremely tremulous procedure and was judged under the ‘composition with creditors proceeding’ (procedura di concordato preventivo), which was pending before the court of Venice - Bankruptcy Section. Niche Fusina...
