ClearFlow Metalworks to Build New Secondary Aluminum Casting Plant in Kentucky, US

KAP Minerals and Cymat Technologies, following the signing of a memorandum of understanding, are exploring a partnership in Ontario to produce scandium-aluminum master alloys. The collaboration intends to leverage scandium oxide from KAP's Kapuskasing critical minerals project and Cymat's aluminum processing technology to produce alloys for aerospace, national defense, and manufacturing applications. Scandium-aluminum alloys can enhance strength, performance, and weldability while reducing weight. KAP and Cymat plan to establish a domestic supply chain through the proposed joint venture, converting Canada's critical minerals into value-added industrial materials. Flavio Volpe, President of the Automotive Parts Manufacturers' Association, said: "By combining scandium from Northern Ontario with Canadian manufacturing technology, KAP and Cymat are taking an important step toward building the sovereign industrial capabilities our automotive, aerospace, national defense, and advanced manufacturing sectors require." The project aims to concentrate scandium recovery, processing, and master alloy production within Ontario; KAP and Cymat's goal is to demonstrate commercial-grade scandium-aluminum alloy production by the end of 2027.

On November 5, Impact Minerals' Lake Hope high-purity alumina (HPA) project continued to hold a central position in its development plan. The June 2025 pre-feasibility study (PFS) showed that, at a 10% discount rate, the project's net present value (NPV) was A$1.165 billion ($815.6 million), with a post-tax internal rate of return (IRR) of 47%, and the financial projections were based on approximately 33 years of raw material supply. Impact Minerals has confirmed that the material assumptions supporting the PFS production targets and related financial projections remain unchanged. The company's next major operational milestone is the installation and commissioning of the Lake Hope pilot plant, which is planned to begin on November 30, 2026; this timing coincides with the shareholder vote on the proposed company name change.

Century Aluminum reported Q3 results for the period ended September 30, 2026 on Thursday: net sales increased $209.1 million QoQ, and net income attributable to the company in Q3 2026 was $302.6 million, up $53.3 million QoQ. The increase in net sales was primarily driven by the resumption of production at Line 2 of the Grundartangi plant in Iceland, with capacity restored to near-full levels during the quarter, leading to higher shipments, as well as improved realized selling prices for aluminum products. The increase in net income was mainly attributable to higher shipments driven by the production resumption at Grundartangi Line 2 and higher realized metal selling prices, partially offset by lower insurance recovery gains related to equipment failures in Iceland, as well as higher electricity prices due to extreme heat in Q3 and weaker power settlement costs. Q3 results were also impacted by $31 million in net special items: including $34.5 million in after-tax unrealized gains on derivative instruments and $12.7 million in after-tax insurance recovery gains, partially offset by $15.1 million in after-tax losses related to equipment failures in Iceland. Accordingly, adjusted net income attributable to the company in Q3 2026 was $271.6 million, up $14.3 million QoQ. Adjusted EBITDA attributable to the company in Q3 2026 was $331.6 million, an increase of $4.7 million from the previous quarter. The growth was primarily driven by sales volume, product mix optimization, and favorable realized metal selling prices, offset by higher operating expenses and unfavorable power settlement prices.