AMAG Group reported around a 59 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 181 million (USD 202 million) in the first nine months of 2026, compared with EUR 114 million (USD 127 million) in the same period last year. Revenue rose 16.4 per cent to EUR 1.3 billion (USD 1.4 billion) from EUR 1.1 billion (USD 1.2 billion) in the first three quarters of 2025. Net income after taxes increased about 142 per cent to EUR 82 million (USD 91 million), up from EUR 34 million (USD 38 million). The Austrian aluminium producer attributed its performance to strong operations at its Ranshofen site, higher shipment volumes in the Rolling Division, and attractive market conditions for its Canadian aluminium smelter interest, Alouette. Cost-efficiency...
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...
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According to latest data reported by the US Geological Survey, the United States’ aluminium crude metals and alloys imports from Russia rebounded to 22,900 tonnes in December 2021, seeing a sharp rise of 165.35 per cent month-on-month. In November 2021, the imports plummeted by 63.43 per cent to 8,630 tonnes from 23,600 tonnes in October. That brought the total amount of the United States’ aluminium crude metals and alloys imports from Russia in the last quarter of 2021 (Q4) to 55,130 tonnes, down by 4.73 per cent or 2,740 tonnes from 57,870 tonnes in Q3 2021. Nonetheless, the United States aluminium crude metals and alloys imports from Russia in H2 2021 increased by 41.96 per cent from 79,600 tonnes in H1 to 113,000 tonnes. On a year-on-year calculation, the United States’ aluminium...
The automakers and aerospace sector are extensively manifested ought to Russia opt to strike back countering the sanctions inflicted by the west and its pool. The San Francisco, California based freight forwarding and customs brokerage company, Flexport withstands that blocked trade lanes, narrowing sales opportunities and regulations of vital Russian metal exports are possibly to thump some producers strongly, with organisations hitherto staging to bolster their proficiency to calm down the pressure. Flexport stated, “The automotive industry faces all three challenges – sales, sourcing and operations issues – with aluminium, palladium and platinum globally dependent on Russian supplies.” “Several automakers and parts producers, including tyre-makers, have warned of their reduced ability...
In December 2021, US exported 19,100 tonnes of aluminium plates, sheets and bars to Canada, showing a month-on-month decline of 7,100 tonnes or 27.09%. In November 2021, 26,200 tonnes of US aluminium plates, sheets and bars were exported to Canada, reflecting an elevation of 3,100 tonnes from 23,100 tonnes or 13.41% in October 2021. According to the US Geological Survey (USGS) statistics, the total amount of US aluminium plates, sheets and bars exported to Canada in the fourth quarter of 2021 closed at 62,300 tonnes, showing a quarter-on-quarter downfall of 9,300 tonnes or 12.98%. In Q3 2021, US exported 71,600 tonnes of aluminium plates, sheets and bars to Canada, showing a quarter-on-quarter fall of 5,700 tonnes or 7.37% from 77,300 tonnes in Q2 2021. On a year-on-year calculation, US...
Hindalco Industries Limited has continued to hike its aluminium products and aluminium ingot prices, with effect from Tuesday, March 8, in line with the rally of LME aluminium price close to US$4,000 per tonne. Aluminium wire rod selling price of the company has seen a raise of INR 14,750 per tonne from INR 343,600 per tonne on March 5 to INR 358,350 per tonne on March 8, 2022. Hindalco’s aluminium billets price has also seen an increase of INR 14,750 per tonne on March 8 to come in at INR 361,350 per tonne. On Saturday, March 5, aluminium billets price was at INR 346,600 per tonne, after being lifted by INR 11,750 from the previous day. The company has hiked its aluminium ingot price to INR 347,250 per tonne as of March 8 versus INR 332,500 per tonne on March 5. Hindalco links its...
The Malaysia-based aluminium company with a profound global presence, Press Metal is functioning up its production capability to manufacture more value-added aluminium products ensuing the thorough commissioning of its new phase three smelter in Samalaju Industrial Park in Bintulu, the central region of Sarawak. Tan Sri Paul Koon Poh Keong, the Group CEO said, “Press Metal is working to further enhance its value-added capabilities and extrusion product portfolio.” “The move is aimed at increasing the group’s presence in the global consumer product-related sectors.” The world-class aluminium producer, Press Metal holds two extrusion plants in Klang, Selangor and Guangzhou, China with an annual production capacity of 50,000 tonnes and 160,000 tonnes, respectively. The facilities produce an...
According to the US Geological Survey (USGS) statistics, 196,000 tonnes of US aluminium crude metals and alloys were imported from Canada on December 2021, showing a month-on-month sharp decline of 39,000 per tonne or 16.59%. In November 2021, US imported 235,000 tonnes of US aluminium crude metals and alloys to Canada, showing a hike of 2,000 tonnes or 0.85% from 233,000 tonnes in October 2021. Imports of US aluminium crude metals and alloys from Canada escalated by 35,000 tonnes or 21.73% year-on-year, from 161,000 tonnes in December 2020. From January to December, the imported aluminium crude metals and alloys settled at 2,530,000 tonnes. For the same period last year, the amount scored at 2,300,000 tonnes. The total amount of US aluminium plates, sheets, bars, crude metals and alloys,...
Aluminium Stewardship Initiative has certified Hindalco’s Mouda aluminium plant near Nagpur, Maharashtra, against the Performance Standard for sustainable and responsible casting and rolling operations and sourcing and stewardship of aluminium. Hindalco’s Mouda aluminium plant manufactures diversified foil products, which account for 30 per cent of pharmaceutical foil in the country. It is the first operation of its kind to achieve ASI Performance Standard Certification in India. Foils produced at the plant are primarily used for sensitive medicines that cannot be packed with plastic film barriers. On receiving the certification, Mr. Arun Kumar B., Senior President & Head – Downstream Business, Hindalco Industries, said: “Hindalco has been ranked the world’s most sustainable aluminium...
Some major aluminium extruders have begun production, while others will not be fully operational until late February or early March. Due to the Russia-Ukraine conflict, price of aluminium has been increasing consistently, causing several downstream companies to choose aluminium billets over ingots, resulting in decline of aluminium billet inventories. As updated by the Shanghai Metals Market, China’s aluminium billet inventories declined for the third consecutive week by 19,200 tonnes or 7.35% week-on-week. As a result, the inventories closed at 241,500 tonne, as of Thursday, March 3. Given the high price of aluminium, it's unclear how much and how long the aluminium billet stockpile will decrease. The chart below indicates the current status of aluminium billet inventories across China...
On December 2021, US exported 18,400 tonnes of aluminium plates, sheets and bars to Mexico, found the US Geological Survey (USGS). On a month-on-month scale, the country witnessed plunge of 2,400 per tonne or 11.53%. In November 2021, 20,800 tonnes of US aluminium plates, sheets and bars was exported to Mexico, showing a fall of 500 tonnes or 2.46% from 20,300 tonnes in October 2021. On a year-on-year calculation, US aluminium plates, sheets and bars exported to Mexico further declined by 2,900 tonnes or 13.61% from 21,300 tonnes in December 2020, shows USGS. From January to December, the exported aluminium plates, sheets and bars closed at 264,000 tonnes. For the same period last year, the amount registered at 265,000 tonnes. According to the USGS statistics, the total amount of plates,...
Hindalco Industries Limited’s aluminium products and aluminium ingot prices have witnessed a surge yet again in line with the LME aluminium benchmark price rally as investors’ fear has heightened concerning tight metal shipments and logistic costs due to several sanctions on major producer Russia. With effect from March 3, 2022, Hindalco has hiked its aluminium billets price by INR 13,750 per tonne or 4.42 per cent to INR 324,850 per tonne from INR 311,100 per tonne on March 1. The recent raise has brought the company’s aluminium wire rod price to INR 321,850 per tonne, also up by INR 13,750 per tonne from INR 308,100 per tonne. Hindalco’s aluminium ingot price has come in at INR 310,750 per tonne, with effect from March 3, versus INR 297,000 per tonne on the previous day. Hindalco links...
Altek Metal, a manufacturer of finely machined 5083 alloy aluminium cast plates under the Aludur and Aludur Plus trademarks, receives 18 million Euro joint investment from the European Bank for Reconstruction and Development (EBRD) and Garanti BBVA to construct aluminium recycling casthouse with a 50,000 tonne per year capacity, in Çerkezköy, Turkey. The main aim of this investment is to help Altek Metal expand its company ensure the long-term viability of its high-quality aluminium products. At this time, Altek Metal is the only business in the Turkish aluminium industry that is getting active investment from the EBRD. This investment will also enable Altek Metal to manufacture slabs and billets, reducing its reliance on slab imports. “We are proud to receive investment from EBRD to help...
According to the US Geological Survey (USGS), the United States exported 7,690 tonnes of US aluminium crude metals and alloys in November to Mexico. On a month-on-month scale, there was an escalation of 920 per tonne or 13.58%. In October 2021, 6,770 tonnes of US aluminium crude metals and alloys was exported to Mexico, showing a decline of 360 tonnes from 7,130 tonnes in September 2021. On a year-on-year calculation, US aluminium crude metals and alloys exported to Mexico in November 2021 fell sharply by 2,610 tonnes or 25.33% from 10,300 tonnes in November 2020. From January to November, the exported aluminium crude metals and alloys to Mexico pegged at 100,000 tonnes. For the same period last year, the amount had registered at 83,100 tonnes. Based on the data from the USGS, the total...
Press Metal Aluminium Holdings Bhd, a Malaysia-based extrusion producing company, announced last week its record annual net profit of RM1.03 billion for the financial year ended December 31, 2021, following its fourth quarter’s earnings nearly doubled to RM285.82 million from RM145.25 million. The surge in Q4 earnings could be attributed to the increased revenue of 63.9 per cent to RM3.37 billion from RM2.05 billion, driven by higher average aluminium prices and increased output from Phase 3 of Samalaju Smelter. Press Metal’s annual net profit for FY2021 increased by 124 per cent Y-o-Y from RM459.85 million, while revenue grew 47 per cent to RM10.99 billion from 7.48 billion in FY2020. The Group declared a fourth interim dividend of 1 sen per share for FY2021, payable on March 31, 2022,...
According to the US Geological Survey (USGS), the United States imported 20,100 tonnes of US aluminium plates, sheets and bars from Canada in November, showing a month-on-month growth of 600 per tonne or 3.07%. In October 2021, 19,500 tonnes of US aluminium plates, sheets and bars were imported from Canada, showing a fall of 400 tonnes from 19,900 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Canada in November 2021 nosedived by 300 tonnes or 1.47% from 20,400 tonnes in November 2020. From January to November, the imported aluminium plates, sheets and bars from Canada, in November pegged at 219,000 tonnes. For the same period last year, the amount closed at 193,000 tonnes. Based on the data shared by the USGS, the total amount...
Not much has been happening in the downstream sector of the global aluminium industry. To begin with, the Salzburger Aluminium Group, an Austrian family firm with 1100 people globally, had a tremendously promising year in 2021. SAG a global supplier to all well-known OEMs, increased revenues by more than 35% to EUR 207 million, with an EBIT margin of 7%. Also, Constellium NV launched its Q4 2021 and full year 2021 results. Constellium exported 385 thousand metric tonnes of aluminium product in the fourth quarter of the year, up 3% year over year. Revenue increased 37% year over year to €1.7 billion, while net income dropped from €26 million in 2020 to €7 million in 2021. According to a recent report, Novelis Korea Limited, subsidiary plant of Novelis in Yeongju, has secured the ASI Chain...
Hindalco Industries Limited has hiked its aluminium products and aluminium ingot prices as the LME aluminium benchmark price has rallied yet again to a 13-year high. With effect from February 25, the company has raised its aluminium wire rod price by INR 18,250 per tonne to INR 312,850 per tonne. On Thursday, February 24, the price came in at INR 294,600 per tonne after being cut by INR 8,750 per tonne. Hindalco’s aluminium billets price has also witnessed a surge of INR 18,250 per tonne from INR 297,600 per tonne on February 24 to INR 315,850 per tonne on February 25. Hindalco’s aluminium ingot price is standing at INR 301,750 per tonne versus INR 283,500 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium...
Constellium NV, a European value-added aluminium company, launched its fourth-quarter and full-year 2021 results this week. Despite the persisting market challenges brought on by the global COVID-19 epidemic, Constellium's financial result for both the quarters were good. Shipments of 385 thousand metric tonnes increased by 3% in the fourth quarter of 2021 compared to the fourth quarter of 2020 owing to greater shipments in the Aerospace & Transportation category. Revenue of €1.7 billion was up 37% over the fourth quarter of the previous year, owing mostly to higher metal prices. Net income of €7 million was down €19 million from the fourth quarter of 2020, when it was €26 million. Due to stronger performance in each of the sectors, adjusted EBITDA of €147 million grew by 33% compared to...
According to a report on February 24, Vedanta Aluminium Business has launched its low carbon, green aluminium brand named ‘Restora’, with two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). This brand is not only Vedanta’s but India’s first low carbon green aluminium product lines for customers worldwide, representing a remarkable step towards its commitment of achieving Net Zero Carbon by 2050. Both the products under the brand are officially assessed and verified as low carbon aluminium by an independent, global verification assurance firm. Vedanta’s main goal of introducing a brand like Restora is to address the fast-growing global demand for low carbon aluminium. The products under the brand, with GHG emission intensity well below 4...
