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 first and one of the largest downstream aluminium facilities in the Middle East for rolling, cutting and fabricating aluminium, the Bahrain-based Gulf Aluminium Rolling Mill B.S.C (“GARMCO”) notified that it has reached a final agreement with the group of Creditors to ensure continuity of the Company’s functionalization. Garmco had encountered financial distress due to global economic conditions and following the issuance of Law No. 22 of the year 2018 ‘Promulgating the Reorganization and Bankruptcy Law’, the Company’s General Assembly resolute to benefit from the provisions of the law by filing a reorganization case. Accordingly, the company became one of the first companies to file for reorganization under the new reorganization and bankruptcy law. However, the purpose of the law is...
According to a new study, the growing use of electric vehicles (EVs) in global transportation is excellent for aluminium manufacturers like Hindalco but bad for steel producers. For investors interested in metal equities, global investment firm Jefferies predicts Hindalco's stock price to return roughly 30% higher than rival steel manufacturers Tata Steel and JSW Steel. Aluminium is the cheapest and lightest metal utilised in the production of electric vehicles, as well as in the aerospace sector, where it helps decrease total structure weight while preserving structural strength. According to reports, the average non-EV automobile consumes 50-70 kilogrammes (kg) of aluminium per year, whereas a motorbike consumes 20-30 kg. Each electric vehicle is estimated to have roughly 250 kg of...
As per the overview of the World Bank, Iraq remains on the list of countries that are heavily or mostly dependent on oil production and export. In the last few decades, its oil revenues have shouldered for more than 99% of exports, 85% of the government’s budget, and 42% of GDP. However, this uncurbed dependence on oil has forced the country towards macroeconomic volatility, while budget rigidities restrict fiscal space and any opportunity of countercyclical policy. The economy is steadily recoiling from the double oil and COVID-19 impacts of 2020. In H1 2021 GDP grew by 0.9% Y-o-Y. The non-oil economy grew by over 21% in H1-21 (y/y), owing to a robust performance in the services sectors as COVID-19 containment measures were relaxed, supported by a drive in the vaccination campaign. The...
The Romanian aluminium producer, Alro publicized that Vimetco Extrusion (VE), its downstream arm managing the extrusion business line, initiates the implementation of a new investment project focused on modernizing and enhancing production capacity. This sustainable business development project, which takes place between July 2021 and June 2023, has a total value of EUR 3.85 million, while its primary intent is to apply innovation in one of VE's main processes. Now, for this reason, the company will acquire an automatic packaging line for the extruded aluminium profiles to improve competitively by applying "green steps” for the extruded profiles production. However, this project will benefit from a grant of EUR 1.85 million (48% of the project value), from Iceland, Lichtenstein, and...
The beginning of 2022 has been quite eventful for the global aluminium downstream industry. A lot of new events, projects, has kept the downstream sector under the spotlight. To begin with, Ehab El Elwany, marketing head and spokesman for Egypt Aluminum (Egyptalum) (EGAL), announced that the business has kept its aluminium providing pricing to companies and merchants constant for January 2022. El Elwany stated that the price of local aluminium, excluding taxes, is between EGP 52,000 and EGP 64,000. This was followed by the news of Jindal Aluminium Limited starting production at the Bhiwadi plant after completing a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets. Also, the news of Hindalco Industries Limited increasing the pricing of its aluminium goods and ingots...
Hazelett Strip-Casting Corporation of Colchester has reportedly become a member of the EBNER Group through the acquisition by EBNER. The EBNER Group, which consists of EBNER Industrieofenbau in Leonding, Austria; EBNER Furnaces in Wadsworth, USA; EBNER Industrial Furnaces in Taicang, China; Gautschi Engineering in Ranshofen, Austria; HPI in Ranshofen, Austria; GNA alutech in Montreal, Canada; and EED in Taicang, China, offers a wide range of furnace facilities, upstream and downstream auxiliary equipment, project management and services to the aluminium, steel, and copper base metals sectors. With the joining of Hazelett Strip-Casting Corporation, the EBNER Group will be able to offer complete process lines to the aluminium flat rolled products industry featuring Hazelett twin-belt...
Hindalco Industries Limited has continued to increase its aluminium products and aluminium ingot prices for the third consecutive day, with effect from Friday, January 7. The company has hiked its aluminium wire rod price by INR 3,500 per tonne, bringing it to INR 260,600 per tonne. A day ago (on January 6), the product’s price was INR 257,100 per tonne, seeing a rise of INR 1,250 per tonne. Hindalco’s aluminium billets price is currently hovering around INR 263,600 per tonne, also up by INR 3,500 per tonne from INR 260,100 per tonne on January 6. The company’s aluminium ingot price has recorded no exception but an increase of INR 3,500 per tonne on January 7 from INR 244,750 per tonne to INR 249,500 per tonne. Hindalco has further grown its aluminium prices in line with the three-month...
In the south-eastern European nation, Romania, a total of four aluminium component manufacturers for global aerospace organisations like Airbus, Boeing and Bombardier, which are managed by the Swiss group Montana Tech Components AG, is highly depressed, as their energy provider has forced them to accept towards paying of higher power prices in comparison to those documented in the agreements that are bonafide until mid-2022. The largest privately held energy company in Romania, Tinmar Energy has already billed an invoice, which reveals that it is Quadruple higher than printed in the contract and craving to enforce the new price w.e.f. 1 st January 2022, or can move to terminate the agreements. Tinmar Energy exemplified by saying, “The market conditions have changed, therefore the price...
According to the Shanghai Metals Market, aluminium billet inventories in China hikes by 32,900 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 113,200 tonnes, as of Thursday, January 6. On a weekly basis, inventories in the five major markets all increased, with Foshan and Huzhou seeing the largest increases. Inventory in Foshan increased by 14,700 mt, or 38.89%, over the previous week, while inventory in Huzhou increased by 10,000 mt, or 71.43%. The arrivals of aluminium billets have recently been high, according to the warehouses. The downstream industry, on the other hand, saw fewer orders as the Chinese New Year approached. The overall volume of aluminium billet trades has been low. The chart below indicates the current status of...
On 6 th January 2022, Croatia decided to declare the 24.30 million euros (182.87 million kunas) investment by Impol-TLM towards the building of an aluminium block casting plant, which is considered as a project of strategic importance, a drive that focuses to gear up the momentum for the execution of the project. According to Tomislav Coric, the minister of Economy, “The new casting plant which will be constructed in Sibenik will minimize the reliance on external sources of aluminium block castings, boost value-added, upgrade product quality, lessen water consumption and create jobs” The law of the nation, Croatia on strategic investment gives investors the privileged to implement their project with less administrative proceedings. Impol-TLM is the Croatian arm of Slovenian aluminium...
Jindal Aluminium Limited has completed a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets and begun production at the Bhiwadi facility. Along with the assets of IAIL, its manufacturing plant in Bhiwadi, Rajasthan's industrial sector was also purchased. The site, which is around 70 kilometres from the national capital, provides Jindal Aluminium with strategic access to the northern market and a potential capacity of 14,000 metric tonnes per annum extrusions. Jindal Aluminium's extrusion capacity is estimated to increase from 125,000 to 139,000 tonnes once fully operational. Apart from assisting Jindal Aluminium in expanding capacity, the IAIL agreement benefits the local economy, the community, and other stakeholders, according to the business. Jindal Aluminium...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from Wednesday, January 5, 2022, following two consecutive cuts on December 30 and January 1. The company’s aluminium wire rod price has come in at INR 255,850 per tonne, up by INR 1,750 per tonne from INR 254,100 per tonne on January 1. Hindalco’s aluminium billets price has also been increased by INR 1,750 per tonne on January 5 from INR 257,100 per tonne to INR 258,850 per tonne. Aluminium ingot price has seen a hike of INR 1,750 per tonne as well to INR 244,750 per tonne. On January 1, the metal price was at INR 243,000 per tonne after being cut by INR 2,500 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the...
According to China customs data, China exported 114,700 tonnes of aluminium foil in November 2021, which reflected a month-on-month increase of 2 per cent and a year-on-year rise of 13 per cent. Jiangsu, Zhejiang, Shanghai, Henan, Shandong ranked top in November, exporting more than 10,000 tonnes each and accounting for over 10 per cent of the export proportion. The five provinces mentioned above accounted for up to 79 per cent of the total exports. To Thailand and India, China exported 12,500 tonnes and 10,700 tonnes of aluminium foil, respectively, in November 2021. The demand for aluminium foil in India is rebounding to normal levels, said the report. Demand in South Korea, Japan, and Saudi Arabia is also increasing, but their import volume is so far less than in Thailand and India....
Hindalco Industries Limited cut its aluminium billets and aluminium wire rod prices, with effect from Saturday, January 1, 2022. That marked a cut for the second time in a row since December 30. Hindalco’s aluminium billets price came in at INR 257,100 per tonne, down by INR 2,500 per tonne or 1 per cent from INR 259,600 per tonne on December 30. Hindalco’s aluminium wire rod price also saw a slash of INR 2,500 per tonne on January 1 from INR 256,600 per tonne to INR 254,100 per tonne. The company’s aluminium ingot price witnessed no exception but a decline of INR 2,500 per tonne as well. Thus, the price has come in at INR 243,000 per tonne on January 1 from INR 245,500 per tonne on December 30. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of...
The executive body of the Eurasian Economic Union responsible for implementing decisions, upholding the EEU treaties and managing the day-to-day business of the Eurasian Economic Union, Eurasian Economic Commission (EEC) comprising Russia and Kazakhstan initiates an extension of its 0% customs duty on the importation of vanadium-aluminium ligature until the end of 2022, commencing 2 nd of January 2022. This primary reason for the extension is to restrain prices for this type of raw material that is majorly utilized in the production of titanium alloys for the aerospace industry. However, by limiting the costs of materials, the majority of Russian-owned aerospace companies will be able to augment their production comparatively at a marginal cost. The development for the extension of 0%...
The week witnessed the end of the year 2021 and also welcomed the New Year 2022 with lots of hope. The downstream segment of the aluminium industry remained still eventful in the last days of the year, as Egyptalum inked a contract with Consulting Engineering Group (CEGMAN) to undertake a feasibility study for the vehicle rims manufacturing line project, while on the other hand Oman’s mining and mineral processing industry, Minerals Development Oman (MDO) has initiated a collaboration with Synergies Casting Oman to acquire a 14.8% stake in the company’s shareholding. According to the Shanghai Metals Market, aluminium billet inventories in China surges by 5,700 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 80,300 tonnes, as of Thursday,...
In October 2021, Japan imported 260,100 tonnes of aluminium, which reflected an increase of 43,600 tonnes or 20.1 per cent from a month ago. On a year-on-year calculation, the imports stood 90,600 tonnes or 53.5 per cent higher, as released by the Japan Aluminium Association data this week. Aluminium imports by Japan included both unwrought and wrought aluminium as well as aluminium waste and scrap. According to the United States International Trade Commission, unwrought aluminium products include units in the form of ingot, block, billet, and slab and are not machined or processed otherwise by basic trimming, scalping or descaling. Unwrought aluminium typically makes up the bulk of Japan’s aluminium imports and includes alloyed and non-alloyed material. In October, Japan’s unwrought...
According to the Shanghai Metals Market, aluminium billet inventories in China surges by 5,700 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 80,300 tonnes, as of Thursday, December 30. Except for Nanchang, inventories climbed in four main markets this week. Huzhou's inventory increased by 3,000 per tonne, or 27.27%, while Foshan's increased by 2,900 per tonne, or 8.31%, accounting for the majority of the weekly increases. By the end of the year, the aluminium billet market had become quiet as most firms were preoccupied with controlling cash flow. As a result, orders were cut and the market remained calm. With the forthcoming New Year's Day vacation, the downstream market is expected to be sluggish in demand next week. The weekly inventory...
