Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
EU plans aluminium scrap export ban on non-OECD countries; China, India in focus
The European Union (EU) is preparing a broader restriction on aluminium scrap exports to non-Organisation for Economic Co-operation and Development (OECD) countries, replacing an earlier trade proposal that would have covered only part of the bloc’s scrap flows. The move could largely impact...
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Befesa is optimistic about near-future growth trajectory post resounding Q3 success
Befesa S.A., a hazardous aluminium and steel recycling service provider, has promising gains in the second quarter of the fiscal year with double-digit adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA). Image Source: Linkedin (Befesa) Headquartered in Luxembourg, the...
Ball Corporation acquires Alucan to expand sustainable aluminium packaging in Europe
Ball Corporation, a global leader in sustainable aluminium packaging for beverages, personal care, and home products, is strengthening its portfolio in extruded aluminium packaging by acquiring Alucan, a prominent European producer of extruded aluminium aerosol and bottle technology, on October...
Ball Corporation posts Y-o-Y growth in earnings per share, attributed to a European aluminium packaging firm acquisition
In late October, before declaring third-quarter financial results, Ball Corporation completed the acquisition of a European aluminium packaging firm, Alucan Entec SA, which is believed to have boosted earnings per share on a year-on-year basis. Image Source: Ball Corporation The acquisition, worth...
Gränges publishes Green and Sustainability-Linked Finance Frameworks and updated MTN Prospectus
To support Gränges’ sustainability ambitions and pathway to net-zero, the company has published a Green Finance Framework and a Sustainability-Linked Finance Framework to allow for the issuance of Green Bonds and Sustainability-Linked Bonds. Gränges has engaged Sustainalytics to provide an...
AMAG Austria Metall AG surpasses economic challenges, reports improved EBITDA and market agility
AMAG Group demonstrated remarkable resilience in Q3 2024 despite the ongoing economic challenges in Europe, achieving 8 per cent year-over-year growth in EBITDA. The Metal Division maintained a strong earnings performance across the first three quarters, underscoring the Group's stability in a...
Chinese anode giant Sunstone wins key order from Alcoa, marks strategic win
Chinese anode producer Sunstone was pleased to win a major order from US Aluminum company Alcoa and was so pleased that the story was released in Chinese media. I saw this photo and the accompanying story in Yicai. The story confirms that the contract is for 240,000 tonnes of anodes for the buyer's...
Bauxite's secret cache: Can EU tap into rare earth elements amidst global competition?
The European Union (EU) has been actively engaged in the global competition to secure critical minerals and rare earth elements. Despite the aggressive competition worldwide, the EU's efforts to scan every nook and cranny of the globe for these essential components have been relentless. However,...
Ball introduces new era of its Dynamark™ printing technology in EMEA
Ball Corporation, the leading global provider of sustainable aluminium packaging for beverages, personal care and home products, as well as aluminium cups, announced today the re-launch of its proprietary printing technology, Dynamark™ for its beverage cans in Europe, Middle East and Africa (EMEA)....
China to EU: Stand-alone EV talks could undermine broader trade relations
China has issued a renewed warning to the European Union (EU), cautioning that any separate discussions with individual electric vehicle (EV) companies outside ongoing bilateral negotiations could harm the trust underpinning broader trade relations. The statement from China's Ministry of Commerce,...
ICSOBA 2024 begins in Lyon: Where tradition meets tomorrow in aluminium!
The International Committee for Study of Bauxite, Alumina, and Aluminum (ICSOBA) 2024 commenced on October 27, 2024, with a remarkable opening address by Dr. Frank Feret, Chairman of the Supervisory Board, Treasurer, ICSOBA. The event has already made waves, with over 570 in-person registrations...
Double-skin façade with folding aluminium rods define Allmannwappner’s striking new tower in Berlin
German architecture firm Allmannwappner has completed a 21-storey tower in Berlin's new Europacity district near the central train station, fully leased to KPMG, the global accounting firm. The tower boasts a unique double-skin facade featuring an outer layer of folding aluminium rods that vary in...
Indian EV bike Ultraviolette F77 Mach 2 with L3e certification launched on the global market
Ultraviolette F77 Mach 2, an electric motorcycle made in India by a Bengaluru-based startup, is being launched in international markets after its success among domestic clientele. An all-aluminium IP-67-rated enclosure EV tuned more towards performance was launched in April this year with a...
Shinagawa Refractories announces the next stage of its global expansion with the acquisition of Gouda Refractories Group
Shinagawa Refractories Co., Ltd on October 25, 2024, announces that it has purchased all the issued share capital of Gouda Refractories Group B.V., a Netherlands-based leading manufacturer of (high-) alumina refractories and provider of refractory services, from Andus Group B.V.. The acquisition...
Hydro scales back ownership in Vianode to 19.9%, cancels put option with Altor
Hydro has decided to reduce its stake in Vianode, a synthetic graphite producer based in Norway, from 30 per cent to 19.9 per cent. On September 6 , private equity fund Altor exercised a put option requiring Hydro to buy an additional 20 per cent of Vianode. However, this transaction did not...
First of its kind in Europe: Mercedes-Benz launches its in-house EV battery recycling facility in Kuppenheim
In March 2023, Mercedes-Benz symbolically laid the foundation stone for its cutting-edge recycling plant in Kuppenheim, marking a strategic step towards sustainable practices. However, as per the latest information, on Monday, October 21, Mercedes-Benz made history by opening the first in-house...
METLEN’s Chairman & CEO Evangelos Mytilineos re-elected as President of Eurometaux
Evangelos Mytilineos, Chairman & CEO of METLEN Energy & Metals, has been re-elected as President of Eurometaux, Europe’s Association for the Non-Ferrous Metals industry, at its General Assembly. His leadership, renewed for a second two-year term, comes at a crucial moment for the European metals...
German automakers 'Shouldn't Fear' China, says Scholz
In a bold statement at the inauguration of Mercedes-Benz's first battery recycling plant, Chancellor Olaf Scholz urged German automakers not to fear competition from China. Speaking on Monday, Scholz framed the investment as a key pillar of Germany's new industrial policy, aimed at strengthening...
AMP – Europe & BNZ advances sustainability goals with 12-year renewable energy partnership
Ardagh Metal Packaging-Europe (AMP-Europe), a division of Ardagh Group, has entered into a Virtual Power Purchase Agreement (PPA) with BNZ in Portugal. This agreement, set to begin in 2026 and lasting for 12 years, will secure 146 GWh per annum of renewable electricity certificates, which are...
