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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On 14 th February 2022, the American industrial aluminium company, Novelis Inc., which is also recognised as the world leader in aluminium rolling and recycling inked a long-term collaboration agreement with HES-SO Valais-Wallis in collaboration with EPFL of Energypolis Campus, a Swiss innovation and research hub, as well as energy distributor OIKEN, to commence a joint research and development (R&D) laboratory to progress carbon-neutral solutions for aluminium production. The Net Zero Lab Valais named R&D lab will be established at Novelis' facility in Sierre, Switzerland. The Sierre site, the broader Valais region and Switzerland itself are an ideal fit for the planned initiatives due to the availability of renewable energy and strong research institutions, as well as a firm commitment...
Assan Aluminyum has achieved the Aluminium Stewardship Initiative's Performance Standard Certification after a successful on-site audit. The Performance Standard Certification has certified Assan Aluminyum’s Tuzla and Dilovasi flat-rolled production and recycling facilities for conforming to global sustainability standards. Assan Aluminyum, one of the two largest aluminium foil manufacturers in Europe, aims to produce more sustainable products based on the commitment to global environmental, social, and governance principles. The ASI Performance Standard aims to provide a common, global standard for the aluminium value chain on sustainability performance. ASI sets the global benchmark for sustainability in the global aluminium sector, establishing criteria for member companies that...
The Governor of the Central Bank of Kenya, Patrick Njoroge during the end months of 2021stated that the economy is anticipated to grow by 6.4% in 2021 and 6.0% for 2022. East Africa’s biggest economy has manifested resilience to the Covid shock, with output in the first half of the year rising above pre-pandemic levels. The nation with a lower-middle-income economy in the African continent, Kenya imported aluminium bar rods and profiles of 14,069 tonnes during 2019-21 demonstrating a creeping movement in the demand flow. In 2019, Kenya imported aluminium bar rods and profiles of around 4228 tonnes, whereas, in 2020, the import witnessed a growth of 13.29%, as the import volume escalated to 4790 tonnes, keeping the internal demand on the rise. The import of aluminium bar rods and profiles...
On Friday, February 11, Aluminium Stewardship Initiative announced that it certified BORBET Group against the Performance Standard Certification for the manufacture of aluminium alloy wheels at facilities including Medebach (Germany), Ranshofen (Austria), Solingen (Germany), Bad Langensalza (Germany), Port Elizabeth (South Africa) and Kodersdorf (Germany) as well as Corporate Headquarters at Hesborn, Germany. ASI added the Group successfully bagged the certification for responsible production, sourcing, and stewardship of aluminium with a focus on material stewardship. BORBET Group’s primary product is aluminium alloy wheels for passenger automobiles. Margot Borbet, CEO BORBET Group, said: “We are particularly pleased to receive ASI certification, as it perfectly complements our...
On Friday, February 11, Mestron Holdings Bhd (MHB) signed a share sale and purchase agreement (SSPA) with Chua Nyok Chong (CNC) and Chua Boon Hong (CBH) for RM6 million to purchase 806,000 ordinary shares, or 10% of Winstar Aluminium Manufacturing Sdn Bhd's share capital. CNC has given MHB a call option to purchase additional 20% of Winstar Aluminium in two tranches for RM12 million within 365 days from and including the date of the SSPA, according to an exchange filing today. Mestron managing director Por Teong Eng stated that the synergistic acquisition will help the firm to expand its offering of value-added services for current and future clients. "We know it is vital to enhance our product and service offerings to our customers, so this acquisition will put us in a stronger position...
A lot had happened in the downstream segment of the global aluminium sector. To begin with, AlCircle launched its 9th edition of e-Magazine, “Global Aluminium Foundry: Challenges and Opportunities Ahead in 2022". The magazine highlights the role of aluminium foundries in the production of aluminium products. The e-magazine also discusses how the Covid-19 epidemic has impacted aluminium foundries, resulting in significant production halts in the automobile sector, as well as a decline in demand for the metal. This was followed by the news of AT Systematization Bhd (ATS), a wholly-owned subsidiary of AT Precision Tooling Sdn Bhd (ATP), has signed a $10 million value contract with Maschinenfabrik Rieter AG (Rieter) for the production of aluminium profiles for Rieter's Card and Ringspun...
According to the Shanghai Metals Market, aluminium billet inventories gained 17,600 tonnes or 7.04 per cent from Monday to close the week ended Thursday, February 10, at 267,500 tonnes. The inventories increased across each of the five regions in China as the overall demand for aluminium billets was sluggish. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan was the biggest contributor to the inventory growth on Thursday, with an increase of 9,100 tonnes or 7.23 per cent to 134,900 tonnes, followed by Wuxi, with a rise of 3,200 tonnes in inventories to 59,700 tonnes. In Huzhou and Nanchang, aluminium billet inventories grew by 3,000 tonnes or 1,900 tonnes from Monday to stand at 26,000 tonnes and 24,500 tonnes, respectively....
According to China customs data, the country’s aluminium foil exports from January to December 2021 reach a record high of 1.34 million tonnes, up by 7.73 per cent year-on-year. The previous high was 1.30 million tonnes in 2019. The annual export value of aluminium foil also reached a new high of $5.14 billion, reflecting a year-on-year increase of 34.2 per cent. The previous highest level was $4.30 billion in 2018. Customs data also showed that China’s export value of aluminium foil accounted for 1.48 per cent of the total export value of country’s all aluminium products. The year 2021 witnessed multiple hurdles like the slowdown of China’s economic growth, sluggish market demand, frequent pandemic and natural disasters, dual consumption of energy consumption, frequent power cuts, supply...
According to the US Geological Survey (USGS), United States imported 235,000 tonnes of US aluminium crude metals and alloys in November 2021 from Canada, showing a month-on-month escalation of 2,000 per tonne or 0.85%. In October 2021, 233,000 tonnes of US aluminium crude metals and alloys were imported from Canada, showing a hike of 32,000 tonnes from 201,000 tonnes in September 2020. On a year-on-year calculation, US aluminium crude metals and alloys imported from Canada in November 2021 moved up by 78,000 tonnes or 49.68% from 157,000 tonnes in November 2020. From January to November, the imported aluminium crude metals and alloys imported from Canada registered at 2,330,000 tonnes. For the same period last the amount closed at 2,140,000 tonnes. According to the data shared by the...
The Russian aluminium giant, Rusal has developed an optimised 5xxx series aluminium alloy for further anodising and commenced its production at the Bratsk Aluminium Smelter (BrAZ). The Technical Directorate of Rusal masterminded a general assessment of the alloy and organised its mass production. Moreover, the production of optimised 5005A alloy slabs will be launched, used by rolling mills to anodise coils and sheets. Presently, these products are only available to import, while the production of the new alloy in industrial volumes will provide Russian consumers with the 5xxx series, facilitating the development of high-processed products including facing panels, spotlights, and electrolytic capacitors. However, the domestic market demand for the 5xxx series alloy is estimated to be...
According to a recent report, Hydro, a Norwegian aluminium producer, has decided to invest around NOK 47 million in the casthouse at its Årdal aluminium plant to improve safety, lower energy consumption and carbon emissions, and accelerate production. The investment is for installing a new preheating chamber, which will be used for preheating cold metal and post-consumer aluminium before being added to the casting process. The benefits of having a dedicated preheating chamber include casting process more efficient, safer, and use surplus heat from the casting furnace as an energy source. “This project involves increased profitability, sustainability and safety. Hydro has an ambition to double the use of post-consumer aluminum. This investment will contribute to this, while reducing the...
AT Systematization Bhd’s (ATS), the fully owned manufacturing unit of AT Precision Tooling Sdn Bhd (ATP) has set foot into a value contract with Maschinenfabrik Rieter AG (Rieter) towards the production of aluminium profiles for Rieter’s Card and Ringspun sector, which amounts to $10 million. On 9 th February 2022, during the filing in Bursa Malaysia, the stock exchange of Malaysia, based in Kuala Lumpur, ATS stated, “The period for production validity is between Jan 1, 2022, and Dec 30, 2023.” However, the company also added, “The value contract is not expected to have any material impact on the net assets of the group for the financial year ending 31st March 2022.” On 5 th July 2019, ATP had inked a basic purchase agreement with Rieter, for the manufacture and supply of high-quality...
The leading auto component manufacturer Endurance Technologies reported that the company’s profit after tax (PAT) reduced to half, which amounted to INR 94.6 crore in the December quarter (Q3FY22) due to infirm operational performance. The aluminium auto parts & equipment company had posted a PAT of INR 190 crore in the previous financial quarter (Q3FY21). Endurance Technologies consolidated revenue from operations was slashed 7% year-on-year (YoY) at INR 1,889 crore against INR 2,041 crore in the existing year quarter. However, EBITDA shrunk 41% Y-o-Y at INR 210.7 crore, while margins contracted 640 bps at 11.1% during the quarter. The management of Endurance Technologies said, “The market, this year, is subdued with headwinds in the form of weak rural demand and higher cost of...
On Tuesday, January 8, Sierra Aluminum, announced that it would expand its extrusion, anodizing, and painting capacity by adding a greenfield plant in Mexicali, Mexico, as well as significant investments in its current California operations. Sierra Aluminum is one of the western United States' largest fully integrated aluminium extruders, serving clients in the building and construction, solar, and recreational vehicle industries. The new 300,000-square-foot complex in Mexicali, which is three hours from Sierra's existing facilities, is expected to begin later this year. In 2023, the facility is projected to be completed. A new extrusion line will be erected in Sierra's California operations. Sierra will be able to assist the expansion objectives of existing clients across the United...
Hindalco Industries Limited has dramatically increased its aluminium products and aluminium ingot prices in line with the LME aluminium price growth to a four-month high. With effect from Wednesday, February 9, Hindalco’s aluminium wire rod price has hiked by INR 12,500 per tonne or 4.53 per cent to stand at INR 288,350 per tonne. Last week on February 5, Hindalco’s aluminium wire rod price stood at INR 275,850 per tonne, seeing a rise of INR 2,000 per tonne. On February 9, Hindalco’s aluminium billet price has witnessed a surge of INR 12,500 per tonne as well, from INR 278,850 per tonne to INR 291,350 per tonne. The company's luminium ingot price is currently standing at INR 277,250 per tonne, also up by INR 12,500 per tonne from INR 264,750 per tonne. Hindalco links its aluminium ingot...
As per the US Geological Survey (USGS), the United States exported 20,800 tonnes of US aluminium plates, sheets and bars in November to Mexico. On a month-on-month scale, there was a hike of 500 per tonne or 2.46%. In October 2021, 20,300 tonnes of US aluminium plates, sheets and bars were exported to Mexico, showing a sharp decline of 1,800 tonnes from 22,100 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars exported to Mexico in November 2021 moved down by 2,300 tonnes or by 9.95% from 23,100 tonnes in November 2020. From January to November, the exported aluminium plates, sheets and bars to Mexico pegged at 245,000 tonnes. For the same period last year, the amount registered at 244,000 tonnes. Based on the data from USGS, the total amount of...
According to the US Geological Survey (USGS), the United States imported 24,300 tonnes of US aluminium crude metals and alloys from Bahrain in November, showing a month-on-month surge of 7,100 per tonne or by 41.27%. In October 2021, 17,200 tonnes of US aluminium crude metals and alloys were imported from Bahrain, showing a hike of 4,200 tonnes from 13,000 tonnes in September 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Bahrain in November 2021 escalated by 20,140 tonnes or by 484.13% from 4,160 tonnes in November 2020. From January to November, the imported aluminium crude metals and alloys from Bahrain scored at 125,000 tonnes. For the same period last year, the amount registered at 67,100. As per the data shared by the USGS the total amount of...
On Monday, February 7, Novelis Inc., the world leader in aluminium rolling and recycling, announced its 3QFY2022 financial and operational results ended December 31, 2021, whereby it revealed the net income attributable to common shareholder at $262 million. That was year-on-year increase of 48.86 per cent from $176 million on 33 per cent higher sales to $4.3 billion in the third quarter, compared to $3.2 billion sales in the prior year period, primarily driven by higher average aluminium prices. According to the report published, the company’s net income from continuing operations increased to $259 million in 3QFY22 from $195 million in 3QFY21. However, on the other hand, flat rolled products shipments slightly dipped in Q3 FY2022 from 933,000 tonnes a year ago to 930,000 tonnes, due to...
