Uno Minda plans INR 14.15bn capex as aluminium casting capacity jumps 162%
Uno Minda is set to invest around INR 14.15 billion (USD 147.51 million) across four manufacturing expansion and consolidation projects, with a major portion of the spending directed towards increasing its aluminium casting capacity in Hosur, Tamil Nadu. The automotive components maker plans to...
EU Parliament backs wider CBAM scope for steel and aluminium products
The European Parliament has backed plans to expand the European Union’s Carbon Border Adjustment Mechanism (CBAM) to a wider range of steel and aluminium products, including screws, wires, springs and household utensils. MEPs approved the Parliament’s position on the proposed CBAM review with 464...
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Indian aluminium industry pleas for urgent duty relief as it braces for global competition
In a rapidly evolving global metals scene, the Indian aluminium sector has found itself at a critical juncture. The Aluminium Association of India (AAI) has formally called on the government to extend the Remission of Duties or Taxes on Export Products (RoDTEP) scheme for aluminium-producing units...
After US, India now slaps China with an anti-dumping duty on aluminium foil exports
China is facing multiple duties on its aluminium exports from various countries. After facing a hefty tariff of 45 per cent from the United States, China is now targeted with a provisional anti-dumping duty ranging from USD 619 to USD 873 per tonne from India. The news came on Monday, March 17,...
Chinese aluminium firm gains EPS — stock pricings tell a different tale altogether
JiaoZuo WanFang Aluminum Manufacturing Co. Ltd (SZSE:000612) has experienced a 3.9 per cent decline in its stock price over the past week, raising concerns among its predominantly individual investors, who hold a concrete 52 per cent stake in the company. The company's ownership structure reveals...
Kylie Jenner’s Sprinter “Peach Pack” drops in aluminium can
This month has been a peachy surprise for all The Kardashians fans. Kylie Jenner cranked up the excitement for her latest Sprinter flavour, "Peach Pack" and took things to the next level, literally heading to the Big Peach itself! The beauty personage-turned beverage queen surprised her fans at...
Hulamin's 2024 earnings struggle despite aluminium can body demand recovery; new strategies in place for 2025
On Monday, March 17, Hulamin, a South African company specialised in producing rolled and extruded aluminium products, reported bearish annual earnings that ended December 31 2024, alleging operational challenges as a primary cause for constraint. According to Hulamin CEO Meganathan Gounder,...
Global leaders condemn US tariff escalations leading to a deepening trade rift
In a move that has sent shockwaves through the global economic community, US President Donald Trump has imposed sweeping tariffs, notably a 25 per cent levy on steel and aluminium imports. This aggressive stance has elicited a chorus of reactions from world leaders, each grappling with the...
Brussels may clamp down on aluminium imports in bid to stabilise sector
The Trump administration's recent tariff hike on metals imports has raised fresh concerns within Europe, as fears mount that subsidised aluminium could flood the EU market. A draft proposal from the European Commission reveals that Brussels is now weighing potential measures to curb rising...
Donald Trump reminds no exemptions to be granted from reciprocal tariffs on April 2
A reminder from President Donald Trump on Sunday, March 16: no exemptions will be granted to countries that have imposed counter-tariffs on the United States. As previously announced by the President, Canada, Mexico, Brazil, South Korea, and the European Union would face reciprocal duties starting...
Toyota Tsusho America bets big on recycling with $1.34 billion Radius acquisition
On March 13, 2025, Radius Recycling, Inc. announced that it had entered into a definitive merger agreement with Toyota Tsusho America, Inc. (TAI), the US subsidiary of Toyota Tsusho Corporation. Under the terms of the agreement, TAI will acquire all outstanding shares of Radius for $30.00 per share...
Alumina weakness persists, SHFE aluminum fluctuates rangebound
Today, the most-traded alumina 2505 contract opened at RMB 3,130 per tonne, with a high of RMB 3,152 per tonne, a low of RMB 3,100 per tonne, and closed at RMB 3,114 per tonne, down 0.48 per cent. The trading volume was 75,000 lots, and the open interest was 217,000 lots. SMM Comments: Recently,...
Improved profitability contributes generously to China’s aluminium production hike
According to the National Bureau of Statistics, China’s aggregated aluminium production through January and February 2025 amounted to 7.32 million tonnes, reflecting about 3 per cent growth year-on-year from 7.1 million tonnes. The higher Y-o-Y output could be attributed to the improved...
Trash to treasure: Singapore turns aluminium waste into glory for World Aquatics Championships 2025
Get ready, sports fans! The World Aquatics Championships 2025 is splashing into Singapore from July 11 to August 2 and it's creating ripples for all the right reasons. For the very first time, a Southeast Asian nation is hosting this massive event, with the Singapore Sports Hub and Sentosa Island...
Rusal’s 2024 operational and financial performances neither touched by bans nor by surging alumina prices
Russian aluminium boycott by Western countries, drop in product sales, particularly primary aluminium and alloys, and increased alumina costs – nothing could stop Rusal from experiencing a growth in profit in 2024. According to the company’s annual financial and operational results released on...
Aluminium cans market poised for robust growth by 2035 at a CAGR of 4.1%
The demand for aluminium in the packaging sector is primarily driven by beverage cans. Key factors fuelling the rising demand for beverage cans include the growing younger consumer base, the introduction of new product variations, and heightened environmental awareness among stakeholders. As per...
“We recognise that exemptions are not easily granted. Despite the challenges, it remains crucial to maintain open communication with US counterparts,” Helin Öcal & Djibril René from European Aluminium
Like us, you may also be concerned about the impact of the US aluminium and steel tariffs on cross-border trade dynamics. With numerous questions and uncertainties in mind, we reached out to Helin Öcal, Trade Manager, and Djibril René, Director of Industry & Market Intelligence at European...
ASI certifies Lizhong Group against Performance Standard V3
Lizhong Group has achieved ASI Performance Standard V3 (2022) Certification for the production of aluminium alloy ingots and cast aluminium alloy liquid at their Guangdong Longda Aluminum Industry Co., Ltd. facility in Guangdong Province, China. Aluminium Stewardship Initiative (ASI) today...
Egyptalum moves closer to its decarbonisation goal with Scatec: Signs 25 years PPA
Scatec, a leading renewables company, has entered into a 25-year corporate Power Purchase Agreement (PPA) with Egyptalum. Under this agreement, the Norwegian renewable energy company will develop a 1,100 MW solar power plant and a 100 MW / 200 MWh battery energy storage system (BESS). The total...
Trade uncertainty clouds Bridgnorth Aluminium’s future in the US
A major metal manufacturer in Shropshire, UK, has expressed concerns that new US tariffs on aluminium and steel imports will create trade challenges. Bridgnorth Aluminium, the UK's only fully integrated aluminium coil rolling plant, employs 330 people in Shropshire and exports 20 per cent of its...
