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...
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Aluminium Bahrain B.S.C. (Alba) has taken significant steps toward exploring a potential merger with the Saudi Arabian Mining Company (Maaden), appointing several top-tier advisors to guide the due diligence process. In a disclosure to the Bahrain Bourse, Alba confirmed the appointment of Moelis &...
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...
In a strategic move to broaden its influence within the architectural and construction sectors, profine Group has announced the acquisition of EFP International B.V. (EFP), a Netherlands-based company with a global presence. EFP specialises in the design, development, and production of aluminium...
Rio Tinto has reportedly signed a contract with Arcadium Lithium plc, agreeing to acquire the latter for US$5.85 per share in an all-cash transaction. This acquisition will bring Arcadium’s world-class lithium business into Rio Tinto’s portfolio, expanding it from aluminium, copper, and iron ore to...
Fives, an international leader in industrial engineering, announces the acquisition of all technologies developed by Neatec, including pot alumina distribution and heat exchangers, allowing the environmental impact of primary aluminium production to be considerably reduced. Those technologies...
On Monday, September 30, Rio Tinto announced the completion of acquiring another 11.65 per cent interest in Mitsubishi Corporation-owned Boyne Smelters Limited (BSL). The latter owns and operates Boyne Island aluminium smelter in Gladstone, Australia. Following the latest acquisition, Rio Tinto...
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium, has acquired a majority stake in the American aluminium recycling company Spectro Alloys Corporation. This acquisition expands EGA's global presence, with operations now spanning four continents, from bauxite mining...
The Competition Commission of India (CCI) has approved Craftsman Automation to acquire 100 per cent of the share capital of Sunbeam Lightweighting Solutions. Craftsman Automation Ltd, a publicly listed company in India, operates across diverse sectors, including powertrain, aluminium products, and...
Platinum Equity, a Los Angeles-based private equity firm, is reportedly in negotiations to acquire Trivium Packaging for over $3.5 billion, according to Bloomberg sources familiar with the matter. The firm is working to finalise an agreement with Trivium's current owners, the Ontario Teachers'...
Aluminium is an essential component of the global economy, and its growing demand underscores its lasting importance. Despite occasional challenges or disruptions, the market for sustainable aluminium will continue to grow, reflecting the unrelenting need for this eco-friendly material. To begin...
Saudi Arabia has reiterated its strong interest in enhancing its presence in the metals and mining sector, aiming to turn it into a third pillar of the kingdom’s economy. A key part of this strategy includes acquiring control over Bahrain’s aluminium smelter and accumulating assets in global...
Ma'aden, Saudi Arabia's premier mining company, has reached an agreement to acquire SABIC's 20.62 per cent stake in Aluminium Bahrain (ALBA). This acquisition reflects Ma'aden's ongoing commitment to regional expansion and aligns with its ambitious goal to achieve a tenfold growth by 2040. The...
Aluminium Bahrain B.S.C. (Alba) has taken a major step towards reshaping the global aluminium landscape. In its meeting on September 16, 2024, the company’s Board of Directors approved entering into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to begin due diligence on a...
On September 15, 2024, Alcoa Corporation announced that it had entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden). Under this agreement, Alcoa will sell its entire 25.1 per cent ownership stake in their joint venture to Ma’aden for...
On September 6, Altor, a private equity fund, exercised its put option, obligating Hydro to acquire an additional 20 per cent stake in Vianode. This transaction results in both Altor and Hydro holding equal 50/50 ownership stakes. Why the put option A put option is a financial contract that grants...
The European Commission has recently approved a joint venture between Baoshan Iron & Steel (Baosteel), Baowu Aluminium, and Japan's Kobe Steel (Kobelco) under the EU Merger Regulation. This collaboration primarily focuses on the production of automotive aluminium sheets. In its review, the...
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 6,955 million (approximately $83 million at current exchange rates) for a 65.0 per cent interest in Global Aluminium Private Limited (“Global Aluminium”). The...
EPIQ Machinery, a world-class equipment manufacturer, continues its rapid growth. The company is to acquire the mining and metals activities of Alizent Canada and Alizent USA. Following this upcoming acquisition, a new entity will be created: EPIQ DIGITAL. This highly strategic acquisition project...
