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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In a list put together by the Institute of Chartered Professional Managers of Sri Lanka (CPM), for the period 2020-2021, Swisstek Aluminium Limited has ranked among the top 10 best-managed companies in the country. Under the motif of ‘Back to Business in the New Normal’, CPM’s Best Management Practices Awards has felicitated Swisstek Aluminium as a winner of the ‘Top 10’ awards for the implementation of the most exemplary management practices in the country. To fetch data from industries countrywide, CPM called for Sri Lankan firms to submit applications with buoyant management practices taken to survive in the especially tough, Covid-stricken year 2020 and 2021.To manifest the precautionary measurements taken by respective organisations during the outbreak, the participants were asked to...
ASI has furnished JW Aluminum with their Production and Transformation membership, which grants the company a worldwide validation and gives a green signal to carry on trade under criteria set by the certification board. ASI works together with producers, users and stakeholders in the aluminium value chain to collaboratively foster responsible production, sourcing and stewardship of aluminium. With this, the ASI has successfully enlisted 221 companies in their chain of membership. The Aluminium Stewardship Initiative (ASI) is a certification board responsible for the safe handling of aluminium along the supply and production chain. It is the only voluntary globally accepted standard margin gifted to the industries dealing with aluminium to ensure safe stewardship of the metal. It was...
China’s aluminium billet inventory has been on the decline side since Thursday, March 10. As per the latest data by SMM, on Thursday, April 7, aluminium billet inventory has augmented by 8,100 tonnes or 5.12 percent W-o-W to score at 165,600 tonnes. Because of the pandemic's impact on mainstream consumption, it's projected that aluminium billet inventories will continue to grow next week. The pandemic's impact on truck shipments has been worse this week, especially in east China, where both inflows and outflows of freight have been hampered. The chart below indicates the current status of aluminium billet inventories across China in more detail: In addition, due to sluggish end demand, merchants and downstream producers held off on purchase, resulting to larger inventories in Foshan,...
Vedanta Limited further cut its aluminium products and aluminium ingot prices for the third time in a row over about a week, with effect from Wednesday, April 6. Vedanta’s aluminium wire rod price saw a trim of INR 3,000 per tonne or 1 per cent to INR 301,500- 309,000 per tonne versus INR 304,500-312,000 per tonne on April 5. Vedanta’s aluminium billet price has also been cut by INR 3,000 per tonne to INR 302,000 per tonne as of April 6. On April 5, aluminium billet price stood at INR 305,000 per tonne, seeing a downfall of INR 4,250 per tonne from the previous day. As far as Vedanta’s aluminium ingot price is concerned, it is also trimmed by INR 3,000 per tonne from INR 297,000-344,500 per tonne on April 5 to INR 294,000-341,500 per tonne on April 6. Vedanta Limited links its aluminium...
Press Metal Aluminium, the Malaysian aluminium giant, ruled by Koon Poh Keong and his brothers is raising US$231 million to further facilitate the group’s output amidst deteriorating supply cycles due to the Ukraine-Russia conflict. On 5 th April 2022, the company proclaimed that it is selling 163.4 million new shares at US$1.41 each. The company is planning to upgrade its aluminium extrusion and smelting operations, after paying off some existing debts with the proceeds from the share sale. They are relying on the shares to fund working capital for the company during this phase of economic imbalance due to the war. These developments will amplify Press Metal’s potential. The company accomplished the construction of the third phase of its smelting facility in the Samalaju Industrial Park...
The President of Zimbabwe, Emmerson Mnangagwa has stated the highest truth for the betterment of his people by saying African countries should look inward for sustainable development, giving particular importance to infrastructure and energy as that is the most vital source of steady economic growth. Following his tour of the two power plants in Maputo on 5 th April 2022, President Mnangagwa explained to the public that Zimbabwe has been importing power since it achieved independence in 1980, but lacked in prioritising the infrastructure and energy, which deprived adding value addition. Zimbabwe a minerals rich nation is known as the African treasury for gas, which was found in Muzarabani, platinum in Mhondoro Ngezi, coal in Hwange and water in Kariba Dam and the Zambezi River, all of...
Hindalco Industries Limited has continued to trim its aluminium products and aluminium ingot prices as the LME aluminium ingot price keeps pursuing a downtrend. With effect from April 6, Hindalco has reduced its aluminium wire rod price by INR 3,000 per tonne to INR 304,850 per tonne. On April 5, the price stood at INR 307,850 per tonne, seeing a cut of INR 6,250 per tonne from the previous day. Hindalco's aluminium billets price has also been reduced by INR 3,000 per tonne from INR 310,850 per tonne to INR 307,850 per tonne. Aluminium ingot price has come in at INR 293,750 per tonne, down by 1.01 per cent from INR 296,750 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which further decreased...
According to the monthly PMI report presented by the Shanghai Metals Market, the composite PMI reading for China’s aluminium downstream processing sectors came in at 49.1 in March, recording a month-on-month rise of 19.8 percentage points and a year-on-year decline of 14.1 percentage points. Aluminium processing industry, as a whole, stumbled in March for many reasons, including the outbreak of a new COVID wave across Shandong province, north-east China, and other places affecting production and transportation that resulted in less-than-expected operating rates and new orders. Also, the wait-and-watch sentiment of downstream consumers due to soaring domestic aluminium prices contributed to the downtrend in operating rates. In March 2022, indexes for aluminium plate/sheet and construction...
The Aluminium Stewardship Initiative (ASI) is a business-led initiative aimed at promoting sustainability throughout the aluminium value chain. On Tuesday, April 5, Symetal's aluminium foil rolling plant (Oinofyta) and aluminium foil conversion facility (Mandra) in Greece has been successfully accredited against the ASI Performance Standard for responsible aluminium production, procurement, and stewardship. For a wide spectrum of worldwide customers, including the culinary, pharmaceutical, and electric car battery industries, the firm provides specialised aluminium foil materials primarily utilised in packaging solutions. Symetal's two plants have a combined yearly production capacity of 78,000 tonnes of aluminium foil, with the firm exporting over 90% of its output to about 70 countries....
After about a week, Hindalco Industries Limited has further trimmed its aluminium products and aluminium ingot prices, with effect from April 5, 2022. Hindalco has reduced its aluminium billets price by INR 6,250 per tonne or 1.97 per cent to INR 310,850 per tonne. The previous price cut was on March 31, which had brought the company’s aluminium billets price to 310,850 per tonne, down by INR 7,000 per tonne from INR 317,100 per tonne. With the latest cut, Hindalco’s aluminium wire rod price has come in at INR 307,850 per tonne versus INR 314,100 per tonne on March 31. That also reflected a decrease of INR 6,250 per tonne. With effect from April 5, Hindalco is selling its aluminium ingot price at INR 296,750 per tonne as against the selling price of INR 303,000 per tonne on the previous...
The usage of aluminium powder has been in the production of various types of explosives and fireworks. However, it is also utilized in the manufacturing of certain types of electronics and is included in many paints and sealants. An exceptional series of flakes are used for inducting systems and non-electric spark ignition systems, while a thin coating of aluminium powder inside the initiation tube is applied and the firing stimulation is similar to a dust explosion. The high-income advanced economy nation in Central Europe, Slovakia imported 2514 tonnes of aluminium powder and flakes during 2019-21, incurring foreign revenue of around $5.92 million. Slovakia’s import of aluminium powder and flakes in 2019 was recorded at 700 tonnes, counting an expenditure of $1.95 million, whereas, in...
On the 31 st of March 2022, Linamar Corporation announced their agreement with GF Casting Solutions (GF) to earn 50% interest in their joint venture, GF Linamar LLC which is located near Mills River, North Carolina. GF Casting Solutions is an extended arm of Georg Fischer which was founded in 1802 and is one of the most trusted manufacturing units in Switzerland and also greater Europe. Two of them had primarily formed a pact in 2015 but following this announcement, Linamar will inherit 100% ownership and operational control of the business. The agreement has been documented and passed, however, there are no pre-closing steps or required regulatory approvals. GF Linamar LLC (GFL) is a joint venture native to North America which is co-chaired by Linamar Corporation and GF casting...
Envisage Technologies which is a part of the global Envisage Group has decided to install two new Belloti 5-axis CNC machines for its Herald way machining Centre in Coventry in the wake of April. An investment of £1.5 million has already been made for the procurement of the above stated machines along with the complete modernisation of its existing MECOF Agile 5.3 axis CNC machine. The organisation claims that the addition of these machines is going to be very productive for them. A facility close to this one, situated at Doyle Drive, Coventry, will also enjoy the fruits of this upgrade as it houses an existing MECOF Agile 5.3 machining centre. New machines will help Envisage to cater to the high demand of the market for OEMs made of aluminium, composite and resin milled products etc....
This week the global aluminium downstream segment witnessed some limited but sporadic changes, showing that the metal industry is eventually getting on track. Like, Hindalco industries planning to expand its aluminium industry following the record breaking surge in price of the metal over the next 5 years. On a different note, ALVANCE Aluminium Duffel has taken a new approach that will see it shipping aluminium rolled products by barge to the port of Antwerp. On the market side, Hindalco’s aluminium wire rod and billets prices had gone up by INR2250/t following an intermittent cut. Also, the Q3 (3QFY22) results of LB aluminium shows its net profit has declined by .58 per cent to score at RM14.79 million. The European leader in the manufacture and sale of aluminium rolled products for...
On Thursday, March 31, Josh Bunting, the President of Bunting Architectural Metals announced the construction of a new aluminium extrusion facility in Lawrence County with the help of the government Tom Wolf’s administration. Neil Weaver, the Acting Secretary of the department of commerce said that the new extrusion facility aims to create around 80 job opportunities paying 33 per cent more than the average local per capita income. For this project, Josh Bunting had received a loan of US$2.1 million from the state. Bunting has bought the 333,980-square-foot facility at 930 Cass St. in Shenango Township, which is on 24.3 acres. The new plant will be used as an aluminium extrusion mill, producing products for the building, construction, automotive, and transportation industries. Bunting...
The Aluminium Stewardship Initiative has announced the joining of Nedal Aluminium BV as its new Production and Transformation member, which brings the total number of ASI members to 220. Based in the Netherlands, Nedal Aluminium develops, produces and sells aluminium profiles and lighting columns. The company’s aluminium lighting columns are a result of 80 years of research and product development, suitable for every location and every soil type. This is an ongoing process and ensures that the company continues to innovate. On joining the ASI as its 220th production and transformation member, M.T. Veldman, Managing Director of Nedal Aluminium, said: “In line with group policy and values, Nedal Aluminium BV completely endorses the vision, mission and sustainability priorities of ASI – to...
The Bengaluru, India headquartered, a high precision component producer, Sansera Engineering is in the vicinity to bag its first order from BMW Motorrad worth around INR 300-400 crore towards the supply of aluminium forging components, according to the industry experts. However, the deal from the motorcycle brand BMW will be a testament to the organization’s capability to produce small aluminium forged components and probable support it secures more high-value orders from other promising global customers. Furthermore, apart from the incremental business, the deal for high margin aluminium forged components will append to its bottom line. As per our report from the industry experts, the official declaration is anticipated to happen within the next 7 days. Sansera’s order book reveals...
On Thursday, March 31, China’s aluminium billet inventory had plunged by 7,900 tonnes or 4.67 per cent W-o-W across five major regions to total at 157,500 tonnes, found the Shanghai Metals Market. Under the effect of the pandemic, trades in the spot aluminium billet market were slow. The inventory of aluminium billets may stop declining next week, depending on the severity and long-term viability of pandemic control efforts. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, the inventory had stood unchanged at 76,200 tonnes. On the same day in Wuxi, the price had declined by 11,100 tonnes to total at 39,400 tonnes. In Changzhou, the price had gone down by 3,100 to record at 22,200 tonnes. Buyers picked up cargoes from...
