Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive...
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz...
Grow with
AL Circle
Ball Corporation confirms that Conselho Administrativo de Defesa Econômica (CADE) has formally approved the buyer of the divested assets of its proposed acquisition of Rexam PLC, indicating that Ball may now proceed to close on the acquisition. Ball is working to obtain the remaining regulatory...
Shandong Nanshan Aluminum Co. has taken another important step in extending its aluminum value chain by acquiring aluminum and power assets and stepping up high-end aluminum applications, Huachuang Securities reported. Nanshan Aluminum planned earlier to issue shares to acquire Shandong Yili Power...
Australia's Alumina is preparing for a court battle with Alcoa (AA) after the U.S. group filed papers alleging its joint venture partner was threatening its planned split by claiming the demerger required its consent. The conflict centers on the groups' Alcoa World Alumina and Chemicals, or AWAC,...
Alcoa has taken the surprise step of launching legal action in the US against Alumina to stop attempts by its Australian partner to derail a historic break-up of the aluminium giant. The action comes amid threats by Melbourne-based Alumina as recently as this week to try to "interfere with the...
Metro Mining Ltd has now extended the close of the Gulf Alumina merger offer to 26 May 2016. The offer was 3.3 shares in Metro for every one share in Gulf. On 8 March 2016, the Offer was declared to be free of all conditions. In its Second Supplementary Bidder’s Statement, dated 6 April 2016, Metro...
Colorado’s Ball Corporation announced last week that it and British-based American-owned Rexam PLC have come to terms with Luxembourg’s Ardagh Group over the sale of certain of Ball’s and Rexam’s assets in order to satisfy regulatory concerns involved in Ball’s purchase of Rexam. Ball and Rexam are...
Tan Chong Motor Holdings Bhd (TCM) has proposed to sell off assets of loss-making subsidiary TC Aluminium Castings Sdn Bhd to sister company APM Automotive Holdings Bhd for RM5.701 million cash. TCM and APM has a common shareholder, namely Tan Chong Consolidated Sdn Bhd (TCC). TCC owns 43.88% of...
The Port of Corpus Christi has put in a bid to buy the property of Sherwin Alumina Co., now wrestling with bankruptcy and a nearly two-year-long labor dispute, federal court records show. The fifth-largest port of the USA has offered a bid totaling $32.9 million, and already has made a $2 million...
Exco Technologies said Tuesday, April 5, it has completed the acquisition of AFX Industries L.L.C. for US$73 million, excluding US$4 million of assumed debt. The transaction was first announced in February. AFX had revenue of approximately $115 million in 2015. Exco said it expects the acquisition...
Malaysia based A-Rank Bhd and LB Aluminium Bhd have entered into a potetial synergy that is expected to yield higher returns for both the business entities in the foreseeable quarters. The companies now have a common single largest shareholder in Datuk Leow Chong Howa, a low-profile local...
Lightweight metals major Alcoa announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group (DUET) for AU$205 million (US$154 million approx.). DBP is currently owned 20 per cent by Alcoa of...
Bulk commodity producers have continued to struggle during the early stages of 2016, even with efforts made to cut costs, noted a recently published report on global Metallurgical Bauxite & Alumina market. With low bauxite and alumina prices expected to persist and demand from China remaining low,...
China Zhongwang Holdings Limited, the world's leading processed aluminium product developer and manufacturer, announced details of the proposed spin-off of the Group's industrial aluminium extrusion business. The Group, through an indirectly wholly-owned subsidiary, entered into an asset purchase...
Metro Mining has increased the offer for Gulf Alumina Limited. In December 2015, Metro announced an all scrip merger offer of 3.3 shares in Metro for every 1 share of Gulf. On 8 March 2016 the Original Offer was declared to be free of all conditions. Metro said that as a result of acceptances of...
Constellium N.V. has reported results for the full year and fourth quarter ended December 31, 2015. These results include the acquisition of Wise Metals, which closed on January 5, 2015. Key Highlights: • 2015 Shipments of 1.5 million metric tons, up 39 per cent from 1.1 million in 2014 • 2015...
India will see billions of dollars moving into deals stuck in the power, cement and steel sectors, as the Cabinet on Thursday approved the amendments to the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act, 1957). This will pave the way for transfer of captive mining leases not...
Metro Mining Ltd has extended and declared its off-market takeover offer for all of the shares in Gulf Alumina Limited unconditional and free from all defeating conditions. Metro will now become Gulf’s largest shareholder, with a relevant interest of 22.1 per cent of the issued capital of Gulf as...
Bahrain Mumtalakat Holding Company ("Mumtalakat"), the investment arm of the Kingdom of Bahrain, today announced the successful acquisition of a 49 per cent equity stake in Asturiana de Aleaciones S.A. ("ALEASTUR"), a Spanish-based manufacturer of aluminium grain refiners and master alloys....
