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Financing expands Metycle’s capacity to source and supply secondary copper and aluminium at scale
Recycled AL

Financing expands Metycle’s capacity to source and supply secondary copper and aluminium at scale

Metycle , a global supplier of secondary copper and aluminium, has secured a USD 150 million credit facility from Rivonia Road Capital, a global private capital manager focused on asset-backed lending. The financing will support eligible transactions across the full trade cycle from supplier payment through buyer settlement, enabling Metycle to execute larger transactions, move greater volumes of secondary metals, and expand supply to industrial buyers and smelters. It also provides a repeatable framework for financing complex physical commodity transactions with institutional private credit, enabling faster execution for suppliers and larger, more consistent flows of specified secondary feedstock for customers. “Secondary metals do not lack demand. They lack predictability. Our...

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India proposes 5-year extension of aluminium foil duties with rates up to $977/t

India may continue imposing anti-dumping duties on aluminium foil from China, Thailand, Malaysia and Indonesia for another five years, following a recommendation from the Directorate General of Trade Remedies (DGTR). The proposed duties on aluminium foil of 80 microns and below range from USD 93 to USD 977 per tonne, depending on the country and exporter. The final decision on the recommendation will be taken by the Finance Ministry. The DGTR said extending the duties was necessary after reviewing submissions from interested parties as part of a sunset review investigation. The review followed an application from Hindalco Industries, LSKB Aluminium Foils, Raviraj Foils, Shree Venkateshwara Electrocast, Shyam Sel and Power Ltd and SRF Altech Ltd. To know the global production, demand and...


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Pre-holiday destocking trend of aluminium ingots continues, providing strong support for aluminium prices fluctuating at highs
Primary AL24 SEPT 2026

Pre-holiday destocking trend of aluminium ingots continues, providing strong support for aluminium prices fluctuating at highs

SHFE aluminium closed at RMB 24,230 per tonne, edging up 0.02 per cent. The price was capped by MA5 (24,259) but remained above MA10 (24,207) and MA30 (24,088), with the mid-term bullish structure intact. On the MACD indicator, DIF stood at 92.18 and DEA at 118.60, forming a death cross above the zero axis, with the green bars expanding to -52.85, indicating strengthening bearish momentum. Trading volume expanded to 76,000 lots, reflecting widening bull-bear divergence. The core trading range for SHFE aluminium is suggested at 24,000-24,600. LME aluminium closed at USD 3,248.5 per tonne, edging down 0.05 per cent. The price broke below MA5 (3,264.1), MA10 (3,261.37), and MA30 (3,262.88), with short-term moving averages exerting pressure, though MA60 (3,227) still provided support. On the...

LME aluminium cash offer price falls to $3,240/t as opening stocks dip to 242,125t on Sept 23
Primary AL24 SEPT 2026

LME aluminium cash offer price falls to $3,240/t as opening stocks dip to 242,125t on Sept 23

LME aluminium prices softened across key contracts on September 23 compared with the previous session, while opening stocks remained broadly stable. The sharpest movement was recorded in cancelled warrants, which declined by more than 20 per cent. The LME aluminium cash bid price stood at USD 3,239.5 per tonne on September 23, down from USD 3,240 per tonne on September 22, a decline of 0.02 per cent. The cash offer price fell to USD 3,240 per tonne from USD 3,242 per tonne, down 0.06 per cent. For the three-month contract, the bid price declined to USD 3,258 per tonne from USD 3,263.5 per tonne, marking a 0.17 per cent decrease. The offer price fell to USD 3,260 per tonne from USD 3,264 per tonne, down 0.12 per cent. The December 2027 aluminium bid price stood at USD 3,180 per tonne,...

China aluminium extrusion output slumps as property weakness deepens, export boost fades
Downstream24 SEPT 2026

China aluminium extrusion output slumps as property weakness deepens, export boost fades

China's aluminium extrusion output has continued to trend lower, with the construction segment acting as a significant drag. According to Mysteel's sampled manufacturers, industry output sustained a decline from July to September 2026. Within this, construction aluminium extrusion output fell by a cumulative 21.2 per cent from early July to September, reflecting persistent weakness in traditional building demand. In contrast, industrial extrusion output declined by just 3.7 per cent over the same period, demonstrating relative resilience and providing a floor for total production. Total aluminium extrusion output dropped 11.8 per cent from early July to September, while capacity utilization rates slid from 41.83 per cent to 36.90 per cent. The industry is operating at a low ebb overall,...

US aluminium landfill loss can become domestic supply opportunity, says waste intelligence firm
Recycled AL23 SEPT 2026

US aluminium landfill loss can become domestic supply opportunity, says waste intelligence firm

The United States discards more than USD 1 billion worth of aluminium cans into landfill each year even as it pays record prices to import the metal, according to Greyparrot, the London-based developer of AI-powered waste intelligence. The company says the lost cans represent about 11 million megawatt-hours of wasted energy annually. Data from Greyparrot’s Analyzer systems running above the sorting line at Circular Services’ Sunset Park material recovery facility (MRF) in Brooklyn, New York, shows that 89 per cent of aluminium is recoverable once it reaches the belt. The facility processes roughly 91,000 cans per day—about 514 tonnes per year—and recovers nearly nine in ten of the cans that cross its sorting lines. Greyparrot says its findings, timed for Climate Week NYC (20–27...

Oklahoma Primary Aluminum releases $49b economic impact study for proposed Inola smelter
Primary AL23 SEPT 2026

Oklahoma Primary Aluminum releases $49b economic impact study for proposed Inola smelter

Oklahoma Primary Aluminum has released a new economic impact study for its proposed USD 4 billion primary aluminium facility at the Tulsa Port of Inola, projecting a cumulative USD 49 billion contribution to the state’s economy through 2060. The study, prepared by Regional Economic Models Inc, describes the project as a “generational economic anchor” for northeastern Oklahoma, with thousands of jobs, higher household income and significant annual additions to state and national GDP. It was published as the developers face a local construction moratorium, a planned referendum and ongoing environmental and legal reviews. Scale and economic impact The joint venture between Emirates Global Aluminium and Century Aluminum says the 750,000-metric-tonne-per-year smelter would: Generate...

US aluminum’s 98% employment shift: Why downstream companies matter
Downstream23 SEPT 2026

US aluminum’s 98% employment shift: Why downstream companies matter

Over the past few years, the employment story of US aluminum industry has been entering chapters from the downstream segment. According to the Aluminum Association, almost 98% of all US aluminum jobs are now concentrated in mid- and downstream processing and recycling, even as employment in primary aluminum has fallen sharply. The Aluminum Association’s latest 2026 economic impact study puts direct industry employment at 165,354 jobs, with the wider aluminum ecosystem supporting 871,464 direct, indirect and induced jobs and generating $326.4 billion in economic output. The shift is particularly evident in recent employment growth. Between 2024 and 2026, jobs in secondary aluminum production rose 21.9%, aluminum coatings 23.1% and sheet and extrusions 22.2%, while primary aluminum...

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Ambani’s Reliance eyes aluminium as Adani bets $11.5b on Odisha project
Bauxite25 AUG 2026

Ambani’s Reliance eyes aluminium as Adani bets $11.5b on Odisha project

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 at an exploratory stage, associated with Reliance’s plans for coal gasification, with the company considering metals production as a way to improve the commercial viability of the business. Reliance also showed interest in Odisha’s Karlapat bauxite block by purchasing its tender documents. To know the production, demand and consumption forecasts on bauxite and alumina, explore the report “ Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook ” Reliance...

BIS seizes pharmaceutical aluminium foil worth ₹1.4m from Rohtak firm
Downstream26 AUG 2026

BIS seizes pharmaceutical aluminium foil worth ₹1.4m from Rohtak firm

The Bureau of Indian Standards has seized about three tonnes of aluminium foil intended for pharmaceutical packaging from a Rohtak-based firm over suspected violations of India’s mandatory quality-certification rules. The Haryana office of BIS said it recovered about 250 rolls of foil, with an estimated value of INR 1.4 million (USD 14,695), during an enforcement operation at Jainalco Industries Limited. BIS cites missing licence According to BIS, the foil was covered by Indian Standard IS 16011, which applies to aluminium and aluminium-alloy foil used for pharmaceutical packaging. The agency said the company was found in possession of the material without a valid BIS licence, even though the product is subject to a Quality Control Order. Such orders require notified products to comply...

Vedanta Aluminium eyes next growth phase on higher volumes and lower costs
Primary AL26 AUG 2026

Vedanta Aluminium eyes next growth phase on higher volumes and lower costs

Motilal Oswal has maintained its “buy” rating on Vedanta Aluminium Metal, saying production growth, lower costs and a bigger share of value-added products could support a multi-year expansion in earnings. The brokerage has set a target price of INR 540 (USD 5.67) per share, implying potential upside from the stock’s recent level of about INR 451 (USD 4.73). Vedanta Aluminium shares were trading higher in Wednesday morning deals after gaining about 3 per cent over the previous week. Growth outlook drives bullish call Motilal Oswal expects Vedanta Aluminium’s revenue, EBITDA and profit after tax to grow at compound annual rates of about 11 per cent, 18 per cent and 23 per cent, respectively, between financial years 2026 and 2028. The brokerage’s investment case rests on rising aluminium...

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