Global Trade
October 6, 2026
Written by Stephanie Ritenbaugh
Hindalco Industries and tabular alumina business AluChem Companies, Inc. have decided to terminate their proposed $125 million tie-up.
AluChem is based in Ohio and specializes in calcined, reactive and tabular alumina used in refractories, ceramics and electronics.
LME aluminum prices moved lower into October as on-warrant stocks declined and investment firms reduced net-long exposure.
Indonesian unwrought aluminum exports increased sharply in August, with the US and South Korea accounting for a growing share of shipments.
Honda and Toyota gained relative ground in the third quarter as GM and Ford sales declined and several battery-electric models lost volume.
The aluminum manufacturer said about 10 salaried workers and 70 hourly workers were impacted.
