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Top Stories

Aluminium

Chang Aluminum set for control change under $197.9M stake transfer deal
Downstream
Chang Aluminum is set for a change in ownership after its controlling shareholder, Qilu Caijin Investment Group, agreed to sell a 22.38 per cent stake in the company to Shandong Jixin Industrial Development.  The proposed transaction values the shares at RMB 5.79 (USD 0.86) each, putting the total deal value at around RMB 1.338 billion (USD 197.9 million).  If the transfer is completed, control of the company will change hands, with Jixin Industrial Development becoming the new controlling s ...
USA Rare Earth gains after Colorado processing facility begins operations
SupplementAL
USA Rare Earth shares rose nearly 7 per cent after the company announced the start-up of its hydrometallurgical demonstration facility in Wheat Ridge, Colorado. The facility is expected to play a key role in the company’s efforts to build a rare earth supply chain outside China. First production of separated rare earth oxides is targeted for the third quarter of 2026. According to the company, the plant will process material from multiple sources, including ore from its Round Top project in ...

End User
Researchers in the United States have demonstrated new aluminium alloys that can reduce the weight of truck engines by about 15 per cent while improving fuel efficiency by more than 10 per cent in tests carried out on a General Motors prototype engine. The work was led by the Oak Ridge National Laboratory (ORNL), which operates under the US Department of Energy. The Office of Transportation Technologies funded the project and carried it out in collaboration with General Motors. The research ...
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Constellium or Alcoa: Who is benefiting more from the aluminium market upswing?
Primary AL
16 Jun 2026
Constellium SE and Alcoa Corporation are benefiting from a stronger aluminium market, with demand from electric vehicles, aerospace, packaging and transportation continuing to support the sector. The growing use of recycled aluminium and the recovery in global air travel have also improved conditions for producers and processors. Constellium posts growth across major businesses Higher aluminium prices and steady customer demand helped Constellium's key business segments during the first quar ...
SINOMACH secures $245m EPC contract for the Angola aluminium project
Downstream
16 Jun 2026
China National Machinery Industry Corporation (SINOMACH) has increased its presence in the African aluminium industry by signing an Engineering, Procurement and Construction (EPC) contract for USD 245 million for Phase II of the Huatong Electrolytic Aluminium Production Line project in Angola. The EPC Contract for USD 245 million was signed by SINOMACH International Engineering (Jiangsu) Co., Ltd. The signed accord at the 17th International Infrastructure Investment and Construction Summit Fo ...
EGA recognised with Platinum Innovation Award by Dubai Quality Group
Sustainability
16 Jun 2026
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, was recognised with the Platinum Innovation Award by Dubai Quality Group. The prestigious award was one of five for EGA at the annual awards ceremony. The awards were presented to EGA by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group. Najeeba Al Jabri, ...
LME aluminium price loses momentum, drops below USD 3,500/t despite shrinking inventories
Primary AL
16 Jun 2026
After remaining above USD 3,500 per tonne at the June 12 session, the LME aluminium price dropped across all the pricing segments, barring the live warrants and alumina price, on the June 15 session. The LME aluminium cash bid as well as offer price eased 3.3 per cent day-on-day on June 15. While the bid went down from USD 3,535 per tonne to USD 3418.5 per tonne, the offer shifted from USD 3,536 per tonne to USD 3419.5 per tonne. Explore: The most comprehensive and forward-looking industry- ...
Iran signs five rail logistics MOUs, including Iralco aluminium transport deal
End User
16 Jun 2026
Iran has signed five new memoranda of understanding (MOUs) with private sector organisations to strengthen its rail transport and logistics network, with one of the agreements aimed at improving the movement of raw materials and finished aluminium products. The agreements were signed at a ceremony attended by Minister of Transport and Urban Development Farzaneh Sadegh, Islamic Republic of Iran Railways Managing Director Jabbar Ali Zakeri, Mostazafan Foundation Head Hossein Dehghan, Parliament ...
Tesla starts delivering Model Y L in India, highlights aluminium and giga casting technology
End User
16 Jun 2026
Tesla has started delivering the Model Y L in India, a six-seater version of its Model Y electric SUV. The first vehicles have been handed over to customers through the company’s direct-to-consumer sales model. The variants also use aluminium and Tesla’s giga casting technology, which helps reduce weight, improve structural strength and simplify vehicle production. The Model Y L is priced at INR 6.199 million (USD 65,600). Tesla is also offering financing options with monthly payments starti ...
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