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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ALRO's H1 2024 results show a positive shift: Turnover increases, net profit restored
In its consolidated and separate financial results for H1 2024, ALRO, one of Europe's leading vertically integrated aluminium producers by production capacity, has demonstrated notable improvement in its financial performance. For the six months ending June 30, 2024, the Group reported a turnover...
Key highlights from the global aluminium industry, July 2024
In July 2024, the global aluminium industry experienced a month of significant developments and milestones. Industry leaders celebrated substantial investments in sustainability, with major projects focused on enhancing recycling capacities and reducing carbon footprints. Companies like Speira and...
Ukraine to auction state-owned stake in Zaporozhye Aluminium Plant on August 6
Ukraine's State Property Fund has announced an auction scheduled for August 6 to sell its 97.5458 per cent stake in JSC Zaporozhye Aluminium Plant. The auction will be conducted on the Prozorro.Sales electronic trading platform, with a starting price set at nearly UAH 151.9 million ($3.7 million)....
The European aluminium market still suffers from muted demand, demonstrated by a 6% fall in foil deliveries
The extended period of weak demand for aluminium has adversely affected both prices and metal deliveries. This trend is evident in European aluminium foil shipments, which totalled 217,800 tonnes in the first three months of 2024. According to the European Aluminium Foil Association, this shipment...
EU carbon tax proposal offers no real benefit for Indian exporters: Think Tank GTRI
In a recent statement, the Global Trade Research Initiative (GTRI) highlighted that the European Union's suggestion for India to impose a local carbon tax as a workaround to the EU's upcoming carbon tax would offer little respite to Indian industries. Despite implementing a similar domestic levy,...
EPO charges two Chinese nationals of dodging anti-dumping duties on aluminium foil imports
The European Public Prosecutor’s Office (EPPO) in Cologne, Germany, has filed charges against two Chinese nationals for evading anti-dumping duties through a German company. The charges relate to 20 instances of aluminium foil imports into Germany. The defendants are allegedly accused of falsely...
Ardagh Group’s adjusted EBITDA stands at $178 million in Q2 2024; Global beverage can shipments up by 3%
Ardagh Group, a global supplier of infinitely recyclable metal and glass packaging for the world’s leading brands, announced its results for the second quarter (Q2) ended June 30, 2024. Revenue for the three months ending June 30, 2024, rose by $4 million to $1,259 million, up from $1,255 million...
AMAG Austria reports modest financial results for H1, attributed to weak demand for rolled aluminium in Europe
AMAG Austria Metall AG, a leading Austrian supplier of primary aluminium, premium cast, and rolled aluminium products, announced its financial results for the first half of 2024 ended June 30, whereby it said the challenging environment in terms of demand for aluminium rolled products continued in...
RHI Magnesita 2024 Half Year Results: Strong cash conversion in challenging market conditions
On July 24, RHI Magnesita, the leading global supplier of high-grade refractory products, systems and solutions, announced its unaudited results for the six months ended 30 June 2024. RHI Magnesita delivered a resilient set of results against a challenging market backdrop which was largely...
Porsche trims down its sales and profit outlook as aluminium alloy supply shortage affects production
Amid an unprecedented supply shortage of aluminium alloy, Porsche AG has reduced its sales and profit outlook, which has led to the German company’s shares falling 4 per cent to the bottom of Frankfurt’s blue-chip index. The news came after the luxury sports car maker said that a shortage of...
Ukraine’s aluminium and aluminium product exports move up 12.8% Y-o-Y in H1 2024
According to customs data released by the States Customs Service of Ukraine, aluminium and aluminium product exports from Ukraine during the first six months of 2024 were valued at $54.175 million, up by 12.8 per cent year over year. In June alone, the export value was $10.383 million. In the...
CleanCarbon.ai: Simplifying CBAM compliance for Indian aluminium and steel exporters
As the European Union's Carbon Border Adjustment Mechanism (CBAM) introduces a new layer of complexity for aluminium and steel exporters, Indian businesses face a challenging regulatory landscape. This tax, aimed at addressing carbon emissions and ensuring a level playing field, has left many firms...
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Recycling revolution: Speira upgrades plants with advanced furnaces for low-grade scrap
Speira is enhancing its facilities in Grevenbroich and Töging in Germany by installing two new furnaces at each site and replacing the existing units with cutting-edge systems. These upgrades include four tiltable rotary furnaces designed to boost the company’s capacity for recycling challenging...
Global Aluminium Associations approves new OECD report on state enterprises & subsidies
The aluminium associations of the United States, Europe, Canada, and Japan have approved a new report by the Organisation for Economic Cooperation and Development (OECD) titled "Quantifying the Role of State Enterprises in Industrial Subsidies." Highlights from the report The report highlighted...
May 2024: Higher profitability due to price surge strengthens primary aluminium production in Europe
In May 2024, upstream aluminium production (primary metal and alumina) scaled up across Europe, driven by higher profitability for producers due to increased aluminium prices. Throughout May, the aluminium benchmark price on the London Metal Exchange rallied by 5.19 per cent, reaching US$2,677 per...
Sustainable progress: Novelis invests $90 million to expand its UBC recycling facility in UK
Novelis Inc., a premier provider of sustainable aluminium solutions and the global leader in aluminium rolling and recycling, announced an investment of approximately $90 million to expand its recycling capacity for used beverage cans (UBCs) at the Latchford plant. The investment encompasses the...
Constellium achieves industrial milestone with world’s first Hydrogen-powered aluminium slab
Constellium SE announced the successful completion of its inaugural industrial-scale hydrogen casting at C-TEC, the company's main R&D centre. The casting was conducted in a 12-tonne furnace, adhering to stringent internal protocols. Quality monitoring included the use of Batscan™ technology, an...
Federation of Austrian Industries pushes for major reforms as Austria falls in global rankings
Austria continues to face significant challenges in maintaining its competitive edge on the global stage. In the latest IMD World Competitiveness Ranking, the country has fallen again and is now in 26th place. This decline is attributed to several factors, including high energy prices, escalating...
