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Top Stories
Hulamin returns to growth with R395.4m as rolling operations regain momentum
Downstream
South African aluminium rolled products producer Hulamin reported a stronger first-half performance for 2026 as operational stability returned following last year's production disruptions, with higher rolled product volumes, improved plant utilisation and portfolio optimisation helping lift earnings despite ongoing pricing pressures in parts of the business. The company said most of the operational challenges experienced during the second half of 2025 have now been resolved, allowing its core ...
SHFE aluminium opened lower but rebounded, though positions declined significantly; alumina continues to consolidate on a weak note
Primary AL
The SHFE aluminium 2608 contract opened at RMB 23,400 per tonne today, reached a high of RMB 23,665 per tonne, hit a low of RMB 23,400 per tonne, and closed at RMB 23,625 per tonne, down RMB 10 per tonne or 0.04 per cent from the previous trading day. Trading volume was 12,000 lots, open interest was 40,300 lots, and daily position change was -5,189 lots. The price stood above the MA5 (23505), MA10 (23357.50), MA20 (23228.50), and MA40 (23362.25), but still below the MA60 (23758.92). The short ...

Downstream
Press Metal Aluminium Holdings Berhad (PMAH) has proposed to acquire an additional 35.6 per cent stake in PMB Technology Berhad (PMBT) for MYR 464.95 million (USD 109.9 million) in cash, a move that will raise its shareholding to about 58.8 per cent and make PMBT its subsidiary. The proposed acquisition covers 664.22 million PMBT shares at MYR 0.70 (USD 0.17) apiece under a conditional share sale agreement signed on August 3. The shares will be acquired from five members of the Koon family: ...
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India's coal power share declines to 65.7% as renewable generation hits record high
SupplementAL
03 Aug 2026
India's electricity mix underwent a notable shift in July as record renewable energy generation reduced coal's share of power production to its lowest level in a year, even as overall electricity demand continued to climb. Government data showed renewable energy generated 36.25 billion kilowatt-hours (kWh) during the month, marking a 30 per cent increase from July last year and raising its share in the country's power mix to 20 per cent. At the same time, coal's contribution declined to 65.7 ...
India’s 8.25% aluminium import levy pushes MSME raw material costs higher despite domestic metal surplus
Downstream
03 Aug 2026
India may be the world’s second-largest producer of primary aluminium, but for thousands of small manufacturers further down the value chain, access to domestically produced metal at globally competitive prices remains a pressing concern. The issue has returned to the centre of India’s aluminium policy debate, with import-parity pricing and the effective 8.25 per cent import levy on primary aluminium increasingly being cited by downstream manufacturers as factors raising their raw material cos ...
Adani's proposed $11.5b aluminium project in Odisha to adopt hybrid power model
Sustainability
03 Aug 2026
Adani Group and Abu Dhabi-based International Holding Company (IHC) are moving ahead with plans to build one of India's largest integrated aluminium manufacturing complexes in Odisha. The project will be powered by a combination of a 4,000 Adani's proposed USD 11.5 billion aluminium project in Odisha to adopt hybrid power model MW captive power plant and a 400 MW renewable energy unit. The project returned to focus after Adani Group Chairman Gautam Adani, accompanied by Karan Adani, visited R ...
NALCO Q1 revenue climbs 39% as higher aluminium prices lift PAT to ₹20.02b
Primary AL
03 Aug 2026
National Aluminium Company Limited (NALCO) reported a sharp increase in revenue and profit for the quarter ended June 30, 2026, driven by higher aluminium prices and improved operational efficiency. The state-owned aluminium producer also recommended a final dividend of INR 1 (USD 0.011) per equity share for FY26, taking the total dividend for the year to INR 11.50 (USD 0.12) per share. On a standalone basis, revenue from operations rose 39.28 per cent year-on-year to INR 53 billion (USD 557 ...
Aluminum Association applauds trump administration action to secure critical materials supply chains
Recycled AL
03 Aug 2026
The Aluminum Association today welcomed President Trump's memorandum calling for strengthened domestic supplies of recoverable critical minerals and materials. The memo directs the Commerce Secretary to take “all appropriate action under section 101 of the [Defense Production] Act” to “secure the supply of recoverable Critical Minerals and Materials.” Aluminium is one of only a handful of materials included on every government critical minerals list. The Aluminum Association has called for ta ...
Vedanta Aluminium opens post-demerger chapter with 205% profit surge and record 632 KT output
Primary AL
03 Aug 2026
Vedanta Aluminium Metal Limited has opened its first full reporting chapter as an independent listed aluminium producer with record production and sharply higher earnings. For the quarter ended June 30, 2026 (Q1 FY27), the company reported profit after tax (PAT) of INR 65.97 billion, up 205 per cent year-on-year and 33 per cent sequentially, alongside its highest-ever quarterly aluminium production. The numbers put both scale and profitability at the centre of Vedanta Aluminium’s post-demerge ...
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