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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IBAAS-IMMT-IIM 2025: Advancing a green and smart aluminium industry
The 13 th International Bauxite, Alumina & Aluminium Conference & Exhibition (IBAAS-IMMT-IIM 2025) is set to take place during October 8-10, 2025, in Bhubaneswar, India. In association with the Institute of Minerals and Materials Technology (CSIR-IMMT) and the Indian Institute of Metals (IIM),...
Back-and-forth announcements, retaliatory tariffs and uncertain timelines hog US aluminium businesses
A couple of days after implementing the 25 per cent tariff on all aluminium and steel imports, US President Donald Trump exempted neighbouring nations Canada and Mexico from tariffs, but only for commodities included in the trade agreement of 2019 — the United States-Mexico-Canada Agreement...
2024: EGA posts a 2% revenue growth aligned with record-high alumina and aluminium production
Emirates Global Aluminium (EGA), the world’s largest producer of premium aluminium, revealed its financial and operational results for 2024, showcasing increased revenue and Adjusted EBITDA, driven by higher alumina and hot metal production, cost optimisation, and increased share of value-added...
US lifts 50% tariffs on Canadian steel and aluminium, overnight aluminium futures rebound
Futures Market: Overnight, the most-traded SHFE aluminium 2504 contract opened at RMB 20,880 per tonne, hitting a high of RMB 20,910 per tonne and a low of RMB 20,810 per tonne, before closing at RMB 20,830 per tonne, up RMB 75 per tonne or 0.36 per cent. On Tuesday, LME aluminium opened at USD...
Rumours: Aluminium body, A19 pro chip and a traditional fall launch for iPhone 17 pro
Are you excited? iPhone has again created hype among the audience with its upcoming iPhone 17 pro leaks earlier this year. As per the latest information the upcoming model is touted to showcase more upgraded specifications. Apple’s iPhones have consistently set the pace, redefining the boundaries...
From metal mogul to mastermind: Trader’s $1 billion aluminium scam ends in life sentence
The aluminium trade scammer involved in the metal inventory fraudulence in China that havocked more than USD 1 billion in losses nationwide businesses has been sentenced to life imprisonment by a judicial court in the eastern province of Zhejiang. Image for representational purposes only Chen Xi,...
From doubling tariffs to retreating by Donald Trump, a strange day in the global aluminium industry
US President Donald Trump is keeping the global aluminium market on edge for sure with his eccentric decisions on tariffs. For the first time in history, a single day saw both the announcement and the reversal of tariffs. On Tuesday, March 11, the President announced his plan to double tariffs on...
India: ADC12 aluminium OEM-grade alloy ingot prices rise m-o-m in Mar'25 amid higher scrap tags
Aluminium ADC12 alloyed ingot prices moved up m-o-m across both northern and southern India in March 2025, according to BigMint's benchmark assessment. This marks a six-month high, amid steadily rising scrap prices. BigMint's monthly assessment for the OEM grade of ADC12 stood at INR 217,000 per...
UK Aluminium industry braces for impact as US tariffs set to take effect
The Aluminium Federation (ALFED) has today raised serious concerns about the incoming 25 per cent tariffs on aluminium imports into the US, set to take effect on 12th March 2025. Image Source: ALFED Following extensive discussions with the UK Department for Business and Trade (DBT) and Sarah Jones...
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Good news is on the horizon for China's domestic aluminium smelters, as they are poised to see higher profits due to two contrasting sequences – 1) a drop in alumina prices and 2) an increase in primary aluminium prices driven by increased demand in the solar energy and automobile sectors....
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
A new state-of-the-art aluminium cans manufacturing and beverage bottling plant is set to begin operations in Uzbekistan. Backed by East Can Solutions, a foreign-invested enterprise, the upcoming facility is expected to begin operations in June 2025. With a total investment of $90 million,...
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,905 per tonne, with a high of RMB 20,925 per tonne, a low of RMB 20,615 per tonne, and closed at RMB 20,845 per tonne, down 0.12 per cent. Trading volume was 17 lots, and open interest was 172,000 lots. SMM Comments: On the macro...
EGA powers innovation with Azure Arc’s hybrid infrastructure; reduces power costs by more than 80%
Emirates Global Aluminium (EGA), the world’s largest producer of premium aluminium, depends on uninterrupted plant operations to maintain around-the-clock metal production. To enhance operational efficiency and safeguard continuous performance, EGA implemented a hybrid cloud strategy powered by...
Aluminium alloy ingot prices take a wild turn, with record highs in the US and slumping in China
It’s a tale of two markets, wherein aluminium alloy ingot prices in China are stuck in the mud owing to downsized demand, and the US is witnessing an explosive spike, fuelled by tariffs and supply strains. Let’s break down what’s happening on the opposite sides of the globe. China is stuck in a...
Imported bauxite CIF index slightly adjusted downward; Spot alumina prices may fluctuate downgrade
Futures Market: During the overnight session, the most-traded alumina 2505 futures contract opened at RMB 3,195 per tonne, reached a high of RMB 3,206 per tonne, a low of RMB 3,181 per tonne, and closed at RMB 3,197 per tonne, down RMB 8 per tonne or 0.24 per cent, with an open interest of 201,000...
PolyU scientists uncover aluminium atom locations in Zeolites, ushering in a new era of sustainable catalysts
Zeolites, crystalline materials essential to the petrochemical industry, play a crucial role as catalysts in producing fine chemicals. Aluminium atoms within the zeolite framework create active sites that drive these catalytic reactions. Researchers at The Hong Kong Polytechnic University (PolyU)...
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
Futures: Last Friday, the SHFE aluminium 2504 contract opened at RMB 20,855 per tonne, with a high of RMB 20,920 per tonne and a low of RMB 20,790 per tonne, closing at RMB 20,880 per tonne, down RMB 5 per tonne or 0.02 per cent from the previous settlement. On the same day, LME aluminium opened at...
Panic outbreaks as major fire breaks out at an aluminium items manufacturing unit in Jeedimetla
A major fire broke out at an aluminium items manufacturing unit in Ramreddy Nagar, located in the industrial area of Jeedimetla, on Friday. Fortunately, no casualties were reported, and the cause of the fire remains under investigation, according to police reports. Workers at the facility noticed...
