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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The aluminium billet inventories in China moved up by 34,700 tonnes week-on-week across five major consumption areas. As a result, the inventories clocked at 211,600 tonnes, as of Thursday, January 27. Inventories increased in each of the five major markets. Most of the rise came from inventories in Foshan and Wuxi, which increased by 14,600 tonnes and 12,600 tonnes, respectively, representing 15.48% and 33.78% week-on-week increases. On the eve of the Chinese New Year, the downstream virtually came to a halt, resulting in slow transactions. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, the aluminium inventories grew by 14,600 tonnes to score at 108,900 tonnes. In Wuxi, inventories escalated by 12,600 tonnes to peg at...
Golkonda Aluminium Extrusions, which was formerly known as Alumeco India Extrusion Ltd has reported its standalone financial results for December 2021 quarter with an 83.87% downfall in net profit to INR 0.10 crore as against INR 0.62 crore during the existing quarter ended December 2020. The company has reported a total income of INR 0.218 crores during the period ended December 31, 2021, as compared to INR 0.412 crores during the period ended September 30, 2021. The company has posted a loss of INR 0.103 crores for the period ended December 31, 2021, against a net loss of INR 0.244 crores for the period ended September 30, 2021. On 22nd August 1988, Golkonda Aluminium Extrusions was originally incorporated under the name of Progressive Aluminium Limited, with an annual capacity to...
According to the US Geological Survey (USGS), the United States imported 10,200 tonnes of US aluminium plates, sheets and bars from China, showing a month-on-month descend of 4,700 per tonne or 31.54%. In September 2021, 14,900 tonnes of US aluminium plates, sheets and bars were imported from China, showing a steep downfall of 5,100 tonnes from 20,000 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from China in October 2021 ascended by 2,430 tonnes or by 31.27% from 7,770 tonnes in October 2020. From January to October, the imported aluminium plates, sheets and bars from China pegged at 124,000 tonnes. For the same period last year, the amount closed at 97,200 tonnes. As per the data shared by the USGS, the total amount of aluminium...
According to the US Geological Survey (USGS), the United States exported 6,770 tonnes of US aluminium crude metals and alloys to Mexico, showing a month-on-month drop of 360 per tonnes or by 5.04%. In September 2021, 7,130 tonnes of US aluminium crude metals and alloys were exported from Mexico, showing a drop of 690 tonnes or 8.82% from 7,820 tonnes in August 2021. On a year-on-year calculation, US aluminium crude metals and alloys exported to Mexico in October 2021 descended by 3,930 tonnes or by 36.72% from 10,700 tonnes in October 2020. From January to October, the exported aluminium crude metals and alloys to Mexico closed at 92,300 tonnes. For the same period last year, the amount settled at 72,800 tonnes. According to the data shared by the USGS, the total amount of aluminium...
Hindalco Industries Limited further reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, January 25, in tandem with a downfall in LME aluminium price by US$35 per tonne on January 24. The company cut its aluminium billets price by INR 2,750 per tonne from INR 277,600 per tonne to INR 274,850 per tonne. Hindalco’s aluminium wire rod price also witnessed a decrease of INR 2,750 per tonne on January 25 to come in at INR 271,850 per tonne. On January 22, the price was at INR 274,600 per tonne after being reduced by INR 1,750 per tonne. Hindalco’s aluminium ingot price stood at INR 260,750 per tonne, with effect from January 25, also down by INR 2,750 per tonne from INR 263,500 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the...
On 25 th January 2022, the ‘Board of Directors’ of SRF Limited during the meeting has approved setting up an aluminium foil manufacturing plant for an investment of INR 425 crores. SRF Limited is a multi-business chemicals conglomerate engaged in the manufacturing of industrial and speciality intermediates. However, the company’s business portfolio engulfs fluorochemicals, speciality chemicals, packaging films, technical textiles, coated and laminated fabrics. Now setting foot in the new project, SRF stated the proposed capacity addition of 21000 MTPA will be added by 30 th September 2023 for INR 425 crores. The funds will be raised through a mix of debt and internal accruals. SRF has revealed that CAPEX will be capitalised on business synergies by expanding in the area of business...
According to the US Geological Survey (USGS), the United States imported 33,800 tonnes of US aluminium scrap from Canada, sowing a month-on-month decline of 2,000 per tonne or by 5.58%. In September 2021, 35,800 tonnes of US aluminium scrap were imported to Canada, showing a sharp downfall of 700 tonnes or 1.91% from 36,500 tonnes in August 2021. On a year-on-year calculation, US aluminium scrap imported from Canada in October 2021 went down by 2,700 tonnes or by 7.39% from 36,500 tonnes in October 2020. From January to October, the imported aluminium scrap from Canada recorded at 343,000 tonnes. For the same period last year, the amount was registered at 287,000 tonnes. According to the data shared by the USGS, the total amount of aluminium plates, sheets, bars, crude metals and alloys,...
The largest aluminium extrusion company of India, Jindal Aluminium is considering investing INR 150 crore-odd over two years, as it counts to initiate on-stream new capacities across its two verticals i.e. extrusions and rolled products. The aluminium downstream company stated that it will boost up capacities by around 50% primarily across the extrusions vertical. Jindal aluminium’s existing capacity in the extrusions segment is 125,000 tonnes per annum, whereas for the rolled products category the production capacity stands at 50,000 tonnes per year. Pragun Jindal Khaitan, the Vice Chairman and Managing Director, Jindal Aluminium Ltd, stated, “Investments towards incremental capacity addition would be funded through internal accruals.” However, it was also highlighted that of INR 100...
The developer, financer, constructor and operator of wind and solar farms as well as large-scale PtX plants European Energy has inked a power purchase agreement (PPA) with light metals components producer 595 Solutions for power from its German wind portfolio. 595 Solutions is a European supplier of lightweight aluminium and magnesium components for the automotive, aerospace and industrial sectors. The German wind portfolio of European Energy will supply the production facilities of 595 Solutions in Germany under - the agreement which amounts to 80 gigawatt-hours annually and will span over five years. However, the accorded quantity permits 595 to cover 100% of its German electricity consumption. European Energy commented, “The deal shows the financial viability of its portfolio of wind...
According to the US Geological Survey (USGS), the United States exported 48,700 tonnes of US aluminium scrap to Malaysia, showing a month-on-month growth of 7,500 per tonne or 18.20%. In September 2021, 41,200 tonnes of US aluminium scrap were exported to Malaysia, showing a sharp downfall of 15,700 tonnes from 56,900 tonnes in August 2021. On a year-on-year calculation, US aluminium scrap exported to Malaysia in October 2021 moved up by 3,900 tonnes or 8.70% from 44,800 tonnes in October 2020. From January to October, the exported aluminium scrap to Malaysia closed at 428,000 tonnes. For the same period last year, the amount was registered at 44,800 tonnes. As per the data shared by the USGS, the total amount of aluminium plates, sheets, bars, crude metals and alloys, and scrap, exported...
According to a recent report, Hydro Extrusion Argentina S.A. in Pilar will be certified by Aluminium Stewardship Initiative against the Performance Standard Certification. The plant will be the first aluminium extrusion facility in the country to be certified against the ASI Performance Standard. The Aluminium Stewardship Initiative’s Performance Standard recognizes responsible production, sourcing, and stewardship of aluminium. Hydro Extrusion Argentina S.A. is already certified according to ISO 14040/14044, and employs around 105 people. It operates one of the most technically advanced extrusion presses in Latin America. The extrusion products produced in this plant serves many industries, including building and construction. The plant is proactive in product innovation under a...
Hindalco Industries Limited cut its aluminium products and aluminium ingot prices, with effect from Saturday, January 22, following four consecutive hikes since January 15, 2022. The company reduced its aluminium wire rod price by INR 1,750 per tonne to INR 274,600 per tonne, compared to INR 276,350 per tonne on January 21. Hindalco’s aluminium billets price was also chopped by INR 1,750 per tonne on January 22 from INR 279,350 per tonne to INR 277,600 per tonne. The company’s aluminium ingot price also saw a downfall of INR 1,750 per tonne from INR 265,250 per tonne to INR 263,500 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on January 21 fell by US$30 per tonne to US$3,079.50 per...
According to the US Geological Survey (USGS), the United States imported 5,670 tonnes of US aluminium plates, sheets and bars from South Africa, showing a month-on-month surge of 2,160 per tonne or 61.53%. In September 2021, 3,510 tonnes of US aluminium plates, sheets and bars were imported from South Africa, showing a sharp decline of 3,780 tonnes from 7,290 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from South Africa in October 2021 climbed up by 3,040 tonnes or by 115.58% from 2,630 tonnes in October 2020. From January to October, the imported aluminium plates, sheets and bars from South Africa registered at 31,800 tonnes. For the same period last year, the amount stood at 28,200 tonnes. As per the data shared by the USGS, the...
The downstream segment of the global aluminium industry remained highlighted in the week due to some of the eventful happenings. The American industrial aluminium company, Novelis, a subsidiary of Indian aluminium and copper manufacturing company Hindalco Industries achieves GreenCircle Certification for 99% recycled aluminium content in three of its alloys. The shipbuilder based in Panama City, Florida, Eastern Shipbuilding Group, which has delivered over 350 vessels to commercial clients, inaugurated a new aluminium fabrication facility. According to a report on January 17, 2022, Hydro will establish a new photovoltaic power system at its aluminium extrusion plant in Trzcianka, Poland. The power system will expectedly come into operation in Q3, 2022, to generate 7.5GWh/year of power to...
The formal opening of Eastern Shipbuilding Group's new aluminium production plant is being celebrated. The structure was created expressly to aid in the construction of the USCG's offshore patrol cutters. Triumph Gulf Coast provided a five-million-dollar grant to help pay for the project. President of Eastern Shipbuilding Group Joey Disernia stated that this is a significant milestone for the firm. “The saying goes that the rising tide floats all boats. So this represents the rising tide of an economic transformational project,” said Disernia. According to him, it is a custom design to assist the Coast Guard's largest initiative as part of the recapitalization project. The facility includes substantial height and crane capabilities, allowing workers to operate on the boats in a protected...
The Aluminium Stewardship Initiative has certified Gränges’ casting and rolling facility in Shanghai, China, against its Chain of Custody Standard Certification. This makes the world-renowned aluminium technology company achieve the second ASI certification. In July 2019, Gränges facility, which produces aluminium strips and plates for the automotive industry, had bagged the ASI Performance Standard Certification. Today, Gränges announced the achievement of Chain of Custody Standard Certification for the plant, of which operations include direct chill casting, hot rolling, cold rolling, and finishing with an annual production capacity of 120 kt. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Gränges on the achievement of its second Chain of Custody Standard...
According to the US Geological Survey (USGS), the United States exported 23,100 tonnes US aluminium plates, sheets and bars to Canada in October 2021, showing a month-on-month plunge of 800 per tonne or 3.34%. In September 2021, 23,900 tonnes of US aluminium plates, sheets and bars were exported to Canada, showing a sharp decline of 2,700 per tonne from 26,600 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bar exported to Canada in October 2021 nosedived by 5,700 tonnes or by 19.79% from 28,800 in October 2020. From January to October, the exported aluminium plates, sheets and bars to Canada pegged at 250,000 tonnes. For the same period last year, the amount had summed up to 249,000 tonnes. As per the data shared by the USGS, the total amount of...
The aluminium billet inventories in China escalated by 36,500 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 176,900 tonnes, as of Thursday, January 20. Except for Huzhou, all of the other four markets had increases in inventories. The majority of the rise came from inventory in Foshan and Wuxi, which increased by 21,500 mt and 13,200 mt, respectively, up 29.53 percent and 54.77 percent on a weekly basis. This week, downstream orders decreased even further, resulting in a drop in demand for aluminium billet. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, the aluminium inventories in China grew by 21,500 tonnes to stand in at 72,800 tonnes. In Wuxi, inventories moved...
