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 European Commission has reportedly levied definitive anti-dumping duties, ranging from 15.4% to 28.5%, on imports of aluminium converter foil originating in the People’s Republic of China. The objective is to protect domestic companies and workers in this sector. Aluminium converter foil, an important commodity in the European Union market with a value of 630 million Euro, is used in the packaging and electric car battery industries. With the imposement of the tariffs, the imports of aluminium converter foil from China into the EU market will not enjoy an unfair advantage over the Union industries and will have to compete on an equal grounding. An investigation found that China’s aluminium converter foil dumping had caused significant impacts on the EU industry; firstly, by forcing...
According to the Shanghai Metals Market, aluminium billet inventories in China escalate by 13,800 tonnes week-on-week across five major consumption areas. As a result, the inventories settled at 85,500 tonnes as of Thursday, December9. Only in Nanchang, inventories fell by 2,900 tonnes, or 21.82 percent, from Thursday, December 2. The inventories of the other four key markets all increased, with Foshan accounting for the most of the 8,500 tonnes rise (35.42 percent). The rise in weekly inventories was mostly due to additional aluminium billet deliveries and slow downstream demand. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium inventories climbed up by 8,500 tonnes this week to total at 32,500 tonnes. In Wuxi,...
Denso Corporation, a global automotive components manufacturer, has acknowledged its collaboration with Hydro Precision Tubing, Hydro’s aluminium extruded tubes and profiles manufacturing unit, by giving them the prestigious DENSO Award for Excellent Collaboration for Sustainability Initiatives in 2020. With the commitment to reduce CO2 emissions, DENSO has appreciated the proactive collaboration provided by the aluminum tubing team in Denmark. Hydro Precision Tubing in Tønder, Denmark, delivered heat exchange components and systems, developed with recycled and low-carbon aluminium Hydro Reduxa and post-consumer aluminium scrap, to Denso. Produced with renewable energy, Hydro REDUXA has a maximum carbon footprint of 4.0 kg CO2 per kg aluminium produced. This is one-fourth of the global...
According to the US Geological Survey (USGS), the US imported 6,380 tonnes of US aluminium plates, sheets and bars from Oman in September 2021, showing a month-on-month decrease of 2,670 tonnes or by 29.50 percent. In August 2021, 9,050 tonnes of US aluminium plates, sheets, and bars were imported from Oman, showing descend of 330 tonnes from 8,720 tonnes in July 2021. On a year-on-year calculation, US aluminium plates, sheets, and bars imported from Oman in September 2021 hiked by 3,200 tonnes or by 100.62 percent from 3,180 tonnes. From January to September, the imported aluminium plates, sheets, and bars from Oman totalled at 66,600 tonnes. For the same period last year, the amount registered at 46,200 tonnes. As per the data shared by the USGS, the total amount of aluminium plates,...
On 8 th December 2021, the American multinational automotive manufacturing company, General Motors announced its plan to spend $51million to install new state-of-the-art equipment at Bedford, Indiana aluminium die casting foundry to manufacture drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications. The renovation work is all set to commence immediately at the foundry, whereas, earlier this year the 1m square foot site began producing electric drive unit castings for the 2022 GMC Hummer EV pickup and 2024 SUV. The production of the truck initiates this month at GM’s Factory Zero assembly plant, located in Detroit and Hamtramck, Michigan. Phil Kienle, GM Vice President of North America Manufacturing and Labour Relations said: “Our Bedford...
The global leader in aluminium engineering, manufacturing and innovation, Gränges has secured the Platinum rating award from EcoVadis, the world’s largest and most trusted provider of business sustainability ratings. Platinum is the highest rating awarded by EcoVadis and it positions Gränges among the leading 1% of companies assessed globally in its industry. The sustainability rating from EcoVadis illustrates that Gränges has efficiently integrated sustainability principles into its business and that successful results have been achieved across the four categories assessed: environment, labour and human rights, sustainable procurement, and ethics. Sofia Hedevåg, SVP Sustainability at Gränges said: “We are very proud that Gränges has been awarded a Platinum medal by EcoVadis. It...
On Wednesday, December 8, South Korea’s antitrust regulator said a decision is taken to impose a combined 20.7 billion won ($17.6 million) in fines on eight aluminium alloy makers for plotting to fix bidding prices. Altechno Metal, specialised in producing aluminium ingot, rolling and drawing, along with seven other firms colluded to fix their quotations between 2011 and 2021 for bids on aluminium alloy products by the country’s largest carmaker Hyundai Motor Co. and its affiliate Kia Corp., according to the Fair Trade Commission (FTC). Prior to the bidding, the companies colluded to divide the total volume of orders by Hyundai Motor into similar amounts and fix the bidding prices in accordance with pre-set amounts. This helped them bag certain amounts of orders every year since 2011 at...
South Korea stands with an economic freedom score of 74.0, making the economy the 24th freest in the 2021 Index. However, its overall score remains unaltered, with an improvement in the government spending score offset by declines in investment and financial freedom. The economy pursues to maintain its ranking among the freest countries. A well-educated labour force and a high capacity for innovation have supported companies to capitalize on the country’s participation in the global trading system. The East Asian nation on the southern half of the Korean Peninsula, South Korea exported 49,862 tonnes of aluminium bar rods and profiles during 2019-20 incurring revenue development of $191.05 million from the export. In 2019, the export of aluminium bar rods and profiles from South Korea was...
Shares of three notable aluminium makers recorded higher in trade, followed by the Central Government’s announcement of the imposition of anti-dumping duty on select aluminium products imported from China. National Aluminium Company’s share was traded higher by 5.77 per cent, Hindalco Industries shares up by 4.54 per cent, and Vedanta Limited up by 2.26 per cent. In a notification dated December 6, 2021, the Department of Revenue, Ministry of Finance, Government of India, said that in case of certain flat rolled aluminium products, originating in or exported from China, dumping margin for the subject goods from the subject country is positive and significant. According to the ministry, the domestic industry has suffered material injury caused by the dumped imports from China. The...
According to the US Geological Survey (USGS), the United States exported 5,290 tonnes of US aluminium crude metals and alloys to Canada in September 2021, showing a month-on-month plunge of 140 per tonne or by 2.57 percent. In August 2021, 5,430 tonnes of US crude metals and alloys were exported to Canada, showing a surge of 490 per tonne from 4,940 tonnes in July 2021. On a year-on-year calculation, US aluminium crude metals and alloys exported to Canada in September 2021 nosedived by 1,670 tonnes or by 23.99 percent from 6,960 tonnes. From January to September, the exported aluminium crude metals and alloys to Canada closed at 50,700 tonnes. For the same period last year, the amount closed at 63,700 tonnes. As per the data shared by the USGS, the total amount of aluminium plates,...
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, December 7. Hindalco’s aluminium wire rod price has seen a cut of INR 3,000 per tonne from INR 243,600 per tonne on December 4 to INR 240,600 per tonne on December 7. Hindalco’s aluminium billets price has come in at INR 243,600 per tonne, also down by INR 3,000 per tonne from INR 246,600 per tonne from the previous day. The company’s aluminium ingot selling price is hovering around INR 229,500 per tonne after being reduced by INR 3,000 per tonne from INR 232,500 per tonne. Hindalco inks its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on December 6 decreased by US$47.50...
According to a recent report, the United Kingdom Trade Secretary Anne-Marie Trevelyan will press the United States Commerce Secretary Gina Raimondo on Tuesday, December 7, to remove Trump-era tariffs on British aluminium and steel. “We’ve already made strong progress; from getting British beef and lamb back on U.S. plates, to lowering the cost of Scotch whisky exports by addressing the long-running Airbus-Boeing issue,” Trevelyan said in a statement. “Now is the time to hit the ground running and get on with boosting ties with our closest ally.” As per the report, the tariffs bring distress to Prime Minister Boris Johnson, who pitched an improvement in trading relations with the United States as one of the major benefits of exiting the European Union. Johnson has already offered a...
The United States imported 3,510 tonnes of US aluminium plates, sheets, and bars from South Africa in September 2021, showing a month-on-month drop of 3,780 tonnes or by 51.85 percent, finds the US Geological Survey (USGS). In August 2021, 7,290 tonnes of US aluminium plates, sheets, and bars were imported from South Africa, showing a hike of 6,270 tonnes from 1,020 tonnes in July 2021. On a year-on-year calculation, US aluminium plates, sheets, and bars imported from South Africa in September 2021 plunged by 1,630 tonnes or by 31.71 percent from 5,140 tonnes. From January to September, the imported aluminium plates, sheets, and bars from South Africa totalled at 26,200 tonnes. For the same period last year, the amount was recorded at 25,500 tonnes. According to the data shared by the...
The downstream aluminium segment has been in the news for a number of reasons. To begin with, Sortera Alloys, a Fort Wayne, Indiana-based company that uses patented sorting technology and artificial intelligence (AI) to create aluminium packaging from shredded autos, has received a $10 million investment led by Kirkland, Washington-based Breakthrough Energy Ventures. This was followed by the news of Raffmetal and Cromodora Wheels, a European recycler of aluminium alloys and the first equipment producer of aluminium wheels for major automakers, who have agreed to collaborate on the development, testing, and patenting of a unique high-performance primary alloys wheel from recycling. The Aluminium Stewardship Initiative has certified Gränges, an aluminium technology company, against the...
The pioneer in Japan’s chemical industry, Showa Denko K.K. has established neural network models to envisage mechanical properties of 2000-series aluminium alloys from their design conditions with high accuracy in collaboration with the National Institute for Material Science (NIMS) and the University of Tokyo (UTokyo). The developed models can accelerate the process to explore optimal compositions and heat-treatment conditions for aluminium alloys that can maintain strength at high temperatures and shorten development time for aluminium alloys to about half to one-third of that with conventional development method, which used to be not an easy task in the past. The metal aluminium has several applications because it is lighter than iron and easy to work with. However, it is usually used...
According to the US Geological Survey (USGS), the United States imported 13,000 tonnes of US aluminium crude metals and alloys from Bahrain in September 2021, showing a month-on-month surge of 6,680 tonnes or by 105.69 percent. In August 2021, 6,320 tonnes of aluminium crude metals and alloys were imported from Bahrain, showing an increase of 4,270 tonnes from 2,050 tonnes in July 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Bahrain in September 2021 escalated by 6,740 tonnes or by 107.66 percent from 6,260 tonnes. From January to September, the imported aluminium crude metals and alloys from Bahrain closed at 83,900 tonnes. For the same period last year, the amount totalled at 55,700 tonnes. Based on the data shared by the United States...
On Wednesday, December 1, Aluminium Stewardship Initiative announced that CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. has joined ASI as the new General Supporter member. With this, the total number of members in ASI comes to 203. CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. (hereafter referred to as "QXC") is a completely owned subsidiary of SPIC Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. QXC was founded in August 1999 and has approximately 398 million RMB in assets and 420 employees. QXC now possesses two carbon material production lines with a combined capacity of 40,000 tonnes, making it one of China's largest cathode carbon producers with the most diverse product lines. QXC has consistently adhered to the safety management objectives of "zero injuries, zero...
According to China Customs data, China’s aluminium foil exports in October 2021 edged 2.95 per cent higher month-on-month to stand at 112,200 tonnes. On a year-on-year calculation, the exports stood up by 7.38 per cent, showed customs data. China’s aluminium foil exports to India accounted for 10 per cent of the country’s total exports in October. India thus became the largest final destination of aluminium foil in the month. The impact of restricted power consumption on local foil exports in Jiangsu and Zhejiang in September did not seem to be drastic. Jiangsu exported as much as 28,900 tonnes in the said month and became the largest aluminium foil exporting province. Zhejiang exported 25,400 tonnes and ranked second. Shandong, Henan, and Shanghai provinces exported more than 10,000...
