Industry News
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The profit of Emirates Global Aluminium (EGA) in 2024 dropped to 2.6 billion dirhams
Emirates Global Aluminium (EGA) released its 2024 performance report on Wednesday. The annual net profit decreased by 23.5% year-on-year to 2.6 billion dirhams (it was 3.4 billion dirhams in 2023), mainly due to the impairment expenses caused by the suspension of export operations in Guinea and t...Read more -
Japanese port aluminum inventory hits three-year low, trade restructuring and intensified supply-demand game
On March 12, 2025, data released by Marubeni Corporation showed that as of the end of February 2025, the total aluminum inventory in Japan’s three major ports had dropped to 313400 tons, a decrease of 3.5% from the previous month and a new low since September 2022. Among them, Yokohama Port...Read more -
Rusal plans to buy Pioneer Aluminium Industries Limited shares
On the 13th day of March, 2025, The wholly-owned subsidiary of Rusal has signed an agreement with Pioneer Group and KCap Group (both independent third parties) to acquire Pioneer Aluminium Industries Limited shares in stages. The target company is registered in India and operates a metallurgical ...Read more -
Arconic Cut 163 jobs at the Lafayette plant, Why?
Arconic, an aluminum products manufacturer headquartered in Pittsburgh, has announced that it plans to lay off approximately 163 employees at its Lafayette plant in Indiana due to the closure of the tube mill department. The layoffs will begin on April 4th, but the exact number of affected employ...Read more -
Global sales of new energy vehicles continue to grow, with China’s market share expanding to 67%
Recently, data shows that the total sales of new energy vehicles such as pure electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles worldwide reached 16.29 million units in 2024, a year-on-year increase of 25%, with the Chinese market accounting for a...Read more -
Argentina Initiates Anti-dumping Sunset Review and Change-of-Circumstances Review Investigation of Aluminum Sheets Originating from China
On February 18, 2025, the Ministry of Economy of Argentina issued Notice No. 113 of 2025. Initiated upon the applications of Argentine enterprises LAMINACIÓN PAULISTA ARGENTINA S.R.L. and INDUSTRIALIZADORA DE METALES S.A., it launches the first anti-dumping (AD) sunset review of aluminum sheets o...Read more -
LME aluminum futures hit a one-month high on February 19th, supported by low inventories.
Ambassadors of the 27 EU member states to the EU reached an agreement on the 16th round of EU sanctions against Russia, introducing a ban on the import of Russian primary aluminum. The market anticipates that Russian aluminum exports to the EU market will face difficulties and the supply may be r...Read more -
Azerbaijan’s Aluminum Exports in January Declined Year-on-Year
In January 2025, Azerbaijan exported 4,330 tons of aluminum, with an export value of US$12.425 million, a year-on-year decrease of 23.6% and 19.2% respectively. In January 2024, Azerbaijan exported 5,668 tons of aluminum, with an export value of US$15.381 million. Despite the decline in export vo...Read more -
Recycling Materials Association: New US Tariffs Do Not Include Ferrous Metals and Scrap Aluminum
The Recycling Materials Association (ReMA) in the United States stated that after reviewing and analyzing the executive order on imposing tariffs on steel and aluminum imports to the US, it has concluded that scrap iron and scrap aluminum can continue to be traded freely at the US border. ReMA In...Read more -
The Eurasian Economic Commission (EEC) has made a final determination on the anti-dumping (AD) investigation of aluminum foil originating from China.
On January 24, 2025, the Department for the Protection of the Internal Market of the Eurasian Economic Commission issued the final ruling disclosure of the anti-dumping investigation on aluminum foil originating from China. It was determined that the products (products under investigation) were d...Read more -
London Aluminum’s inventory hits a nine month low, while Shanghai Aluminum’s has reached a new high in over a month
The latest data released by the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) shows that the aluminum inventories of the two exchanges are showing completely different trends, which to some extent reflects the supply and demand situation of aluminum markets in different reg...Read more -
Trump’s taxation aims to protect domestic aluminum industry, but unexpectedly enhances China’s competitiveness in aluminum exports to the United States
On February 10th, Trump announced that he would impose a 25% tariff on all aluminum products imported into the United States. This policy did not increase the original tariff rate, but treated all countries equally, including China’s competitors. Surprisingly, this indiscriminate tariff pol...Read more