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Top Stories
JKL completes exit from Sama Aluminium with $47.6 million
Downstream
JKL Investment has fully exited its investment in Sama Aluminium, recovering around KRW 70 billion (USD 47.6 million) and more than doubling its initial investment. In January 2023, the firm invested about KRW 32.1 billion (USD 21.8 million) in the company. It did this through equity and converti ...
OPEC+ to raise oil output by 188k bpd as UAE’s exit indicates a looming supply deficit
SupplementAL
Since the exit of the United Arab Emirates (UAE) from the alliance, the Organisation of the Petroleum Exporting Countries’ (OPEC+) first meeting without the nation concluded with the decision to raise oil production by 188,000 barrels per day (bpd) for June. This suggests that despite a shift in i ...

Bauxite
National Aluminium Company Limited (NALCO), the Navratna CPSE under the Ministry of Mines, led by the Government of India, has achieved a milestone in its financial results for FY26, reporting record-breaking gains over past financial years alongside a strong operational performance. NALCO’s ann ...
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Vedanta demerger completed: Four new entities set for mid-June listing
Primary AL
04 May 2026
As of May 1, 2026, Vedanta's intricate demerger has been completed, leading to the separation of its varied operations into five unique business units. As a part of the next step, the firm will establish four new entities, including Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas, and Ve ...
Iran conflict poses a $5 billion cost pressure on US automakers
End User
04 May 2026
America’s three largest car manufacturers are bracing for a costly year, warning that rising commodity prices linked to the conflict in Iran could add roughly USD 5 billion to their costs. The disruption has tightened supplies of key materials such as aluminium and plastics, and may ultimately p ...
Tsingshan plans $3bn Indonesia aluminium smelter as Middle East disruptions drive premiums and bullish outlook
Primary AL
04 May 2026
Various sources, during the week leading to Thursday, April 16, told Fastmarkets that China's Tsingshan Holding Group was under discussion with potential partners about the possibility of constructing a new aluminium smelter in North Maluku, Indonesia. Currently, Indonesia is emerging as a major ...
South Korea accelerates SME R&D drive to cut aluminium and steel carbon exposure
Sustainability
04 May 2026
The Ministry of SMEs and Startups, in collaboration with the Korea Technology and Information Promotion Agency for SMEs (TIPA), has announced that it will be recruiting companies to join the “2026 Carbon Reduction R&D for Core Export Items of SMEs” project. The project will take place from May 13 ...
DISAMATIC C5 is here. Ultra-reliable, medium-format DISA moulding line launches in China
Downstream
04 May 2026
DISA has launched the DISAMATIC C5 vertical, green-sand moulding line. Designed in Denmark and manufactured in China, the new medium-format C5 is built for maximum uptime and productivity at an affordable price point. Able to produce 400 uncored and 340 cored moulds per hour, the DISAMATIC D5’s h ...
Vedanta Aluminium denies Odisha’s unauthorised water extraction charges
Primary AL
04 May 2026
Vedanta Aluminium has regarded the Government of Odisha’s issued penalty notice worth INR 2.33 billion (USD 24.55 million) regarding the alleged illegal extraction of water from the Bheden river system, Jharsuguda, as a claim based on "incorrect assumptions". Explore: The most comprehensive and ...
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