Saudi Arabian Mining Co. (Maaden) has secured USD 1 billion in inaugural international syndicated credit facilities, with strong demand from global lenders highlighting confidence in the company's expansion strategy and Saudi Arabia's broader mining ambitions. Maaden has secured USD 1 billion in...
The US urgently needs more aluminium for its defence sector, but new smelters will take years to come online, while disruptions to high-purity aluminium imports have exposed a more immediate supply vulnerability. The United States is facing a growing aluminium supply challenge that is becoming...
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Mukesh Ambani owned Reliance Industries Limited (RIL) is evaluating an entry into India’s aluminium industry, potentially placing Mukesh Ambani’s conglomerate in competition with Gautam Adani’s Adani Enterprises as both groups expand into metals, bauxite and natural resources. The proposal remains...
The US-Canada trade debate has taken a sharper turn after President Donald Trump warned of raising tariffs on Canadian cars, trucks and automotive parts to 50 per cent from January 1, 2027. The move could have significant implications for the deeply integrated North American automotive supply...
BRICS environment and climate ministers have opposed the European Union's Carbon Border Adjustment Mechanism (CBAM), arguing that the carbon levy could create additional trade pressure for developing economies exporting aluminium and other carbon-intensive products to Europe. Environment and...
Nanshan Aluminium International sold 15 per cent more alumina in the first half of 2026, but a 39.5 per cent fall in its average selling price drove profit down nearly 75 per cent, showing how quickly a commodity-price downturn can outweigh rising sales volumes. The Hong Kong-listed producer...
A leading Chinese aluminium manufacturing group is considering a USD 2 billion investment in Egypt that could create more than 3,000 jobs and support the development of a clean-energy-based industrial complex in the Suez Canal Economic Zone. The proposed project was discussed by Egyptian Deputy...
Ducon Infratechnologies has secured an end-to-end contract to supply and service a Forced Cooling Network system for the potlines of one of India’s largest single aluminium smelter plants. The order covers manufacturing, testing, packaging, transportation, installation, commissioning and...
China is helping cushion Western aluminium markets after production losses in the Gulf caused by the Iran conflict. Yet the export surge could come with a longer-term cost: more aluminium processing activity may shift from Western manufacturers to Chinese producers. China, the world’s largest...
Aluminium’s return to backwardation on the London Metal Exchange (LME) is pointing to tighter near-term physical supply, as stocks continue to fall and production outside China declines. The market is increasingly focused on the availability of aluminium for immediate delivery rather than headline...
Azerbaijan is looking to deepen its aluminium and metallurgical industry through potential cooperation with Chinese companies. Economy Minister Mikayil Jabbarov recently met with Xinjiang Joinworld Co., Ltd. to discuss joint projects, modern technologies, innovative solutions, know-how and the...
Aluminium prices fell after Emirates Global Aluminium (EGA) reaffirmed its timeline to restore full production at the Al Taweelah smelter by the first quarter of 2027, easing market concerns over supply from the Gulf. The AL Taweelah smelter is currently operating at 18 per cent capacity. It was...
Aluminium prices have climbed to their highest level since June as stalled US-Iran talks over the Strait of Hormuz raise fresh concerns about supply, while global inventories remain near their lowest level in decades. Aluminium is climbing again, and this time the market's attention is firmly back...
MCX aluminium prices are entering the second half of August with supply-side risks once again becoming a key market driver. ICICI Direct expects the August aluminium futures contract to find support near INR 344 per kg and move towards INR 356 per kg. Aluminium has been through a sharp...
Less than two months after beginning its journey as an independent listed company, Vedanta Aluminium is raising about ₹13,500 crore (USD 1.62 billion) from a consortium of Indian banks to refinance inherited debt, marking its first major financing initiative since the Vedanta Group's demerger....
A Pentagon-led simulation has brought fresh attention to the US’ dependence on imported high-purity aluminium, a critical raw material used in military aircraft, armoured vehicles and other defence applications. Conducted months before recent disruptions spurred by the Middle East conflict, the...
The US has added 43 Chinese companies, including several aluminium producers, to its forced labour entity list, increasing pressure on automakers to review their aluminium supply chains. The companies were added under the Uyghur Forced Labour Prevention Act (UFLPA). This US law presumes goods...
London Metal Exchange (LME) aluminium prices extended their rally on August 5, climbing above the USD 3,200 per tonne mark as renewed optimism over US-Iran peace talks improved market sentiment and eased concerns over global energy supplies and trade disruptions. Three-month LME aluminium futures...
Ford Motor Co. reported a double-digit decline in U.S. vehicle sales for July as production constraints linked to an aluminium shortage continued to limit F-Series truck availability, although the automaker said demand for its high-margin pickup trucks and SUVs remains resilient. Ford sold 169,951...
Vedanta Aluminium is entering a new phase of growth as major expansion projects near completion and the company shifts its focus towards higher-value aluminium products and lower production costs, prompting brokerages to reaffirm positive outlooks following a strong first-quarter performance....
