Vedanta Aluminium Metal Ltd is turning to captive bauxite supplies to manage rising raw material costs as a pricing dispute with its long-term supplier, Odisha Mining Corporation Ltd (OMCL), puts pressure on its procurement expenses. The company plans to begin production at its Sijimali bauxite mine in Odisha during the current financial year, targeting an initial output of 1 million tonnes. Vedanta received long-pending consent to operate the mine in September. Production is expected to increase to 5–6 million tonnes in FY28, with the captive resource anticipated to replace imported bauxite and reduce the company's dependence on external suppliers. The mine is expected to generate savings of approximately USD 25 per tonne, according to chief financial officer Anup Agarwal, who discussed...
LME aluminium stocks declined by more than half during the first nine months of 2026, falling by 267,875 tonnes from 509,250 tonnes on January 2 to 241,375 tonnes on September 30 (52.6 per cent). The decline continued throughout the period, with average warehouse inventories falling each month. Compared with the same period in 2025, monthly average stocks were lower across all nine months, with the gap widening in the third quarter. Q1 LME aluminium stocks fall 18.2 per cent LME aluminium inventories continued to decline during Q1 2026. Month-end stocks fell from 495,725 tonnes in January to 465,550 tonnes in February, before dropping further to 416,775 tonnes in March. Monthly average inventories stood at 498,670 tonnes in January, 481,801 tonnes in February and 440,710 tonnes in March....
Grow with
AL Circle
Prowrap, the Bristol-based professional re-winder and manufacturer of aluminium foil has secured investment from Longacre Group. The deal incorporates Longacre will be funding both brands within the Prowrap portfolio – Procare and Wrapex – and would be maintaining the long-term future of the business in Bristol. Longacre has been investing in small and medium-sized companies across the UK and Europe has backed Prowrap’s existing management team led by CEO Nick Scoon. The deal was initiated and led by corporate finance partner Mark Naughton and director Alex Sargeant at specialist business advisory firm FRP. Headquartered in Fishponds, Bristol, Procare specialises in high-quality hair foils, innovative dispensing systems and alternative colour placement systems, and supplies to the hair...
i2r Packaging Solutions has been awarded with a Queen’s Award for Enterprise: International Trade. The company has won the award for outstanding year on year growth in overseas sales over the last three years. i2r manufactures a comprehensive range of aluminium foil wrinklewall and smoothwall containers. It has customers in Central & Northern Europe, Asia, North America and Australia. The company supply superior, lightweight, robust aluminium foil packaging for food for retail brands as well as foil containers for wholesaler and distributor markets. i2r’s commercial director, Jon West, said: “We are thrilled and privileged to have been recognised for international trade with a Queen’s Award. The achievement is testament to the collective and sustained effort from everyone here at i2r who...
According to the latest US Geological Survey data, the United States in February 2020 exported 236,000 tonnes of aluminium (including scrap), marking a rise of 2.16 per cent from 231,000 tonnes in January. This brought the United States total aluminium exports in the first two months of 2020 to 467,000 tonnes. Mexico, Canada, India, the Republic of Korea, and Malaysia were the top 5 importers of the US aluminium in February. In February 2020, Mexico imported 50,200 tonnes of aluminium from the US, up 1,000 tonnes or 20.33 per cent from 49,200 tonnes in January. In the previous two months, Mexico imported 89,700 tonnes of aluminium from the US in total. In November, the import amount was 48,800 tonnes, while in December, a 16.19 per cent lesser at 40,900 tonnes. This represents that except...
Guala Closures Group, the Italian MNC has more than 4,700 employees and operates in 5 continents through 30 production plants and markets its products in over 100 countries. Guala Closures S.p.A., the world leader in the production aluminium closures for wines and one of the major global producers and distributors of aluminium closures for the beverage industry, announces that it has appointed Rothschild & Co as financial advisor to the Company's Board of Directors in the voluntary partial tender offer promoted on a part of its shares by Special Packaging Solutions Investment S.à r.l. In line with market practice for similar transactions, Rothschild & Co will provide assistance and technical- financial support to the Board of Directors of Guala Closures as regards the activities and...
Pinjarra Alumina Refinery of Alcoa has reportedly opened funding applications for the next round of its Community Partnership program. Applications are open to non-profit organisations within the Shire of Murray and City of Mandurah. Applications are for getting responses from community organisations to the impacts of the COVID19 pandemic, along with other standard areas of focus such as environmental sustainability, health and safety, future workforce and leaders, and community capacity and resilience. Pinjarra Alumina Refinery Manager Mark Hodgson has realised that this crisis has created severe impacts on community groups and they need more support than ever before. Alcoa is thus, looking for ways to support community groups during the pandemic and also in the longer-term. The Alcoa...
The Philippines, an archipelagic country in Southeast Asia situated in the western Pacific Ocean, it consists of about 7,641 islands. A newly industrialized country, the Philippine economy has been transitioning from one based upon agriculture to an economy with more emphasis upon services and manufacturing. The aluminium plates, sheets & strips import market of the Philippines has shown record growth during 2017-19, as the total import volume stood at 56,333 tonnes, while the foreign revenue expended was $213.80 million. The import projection for 2020 has been analyzed much more enterprising than the previous three years, as the volume of import might reach 22,917 tonnes and the cost might increase to $106.22 million. When the 2020 import volume and cost is added to the past three years,...
IPI has received Aluminium Stewardship Initiative (ASI) Performance Standard – Material Stewardship Certification in Italy. The company has achieved certification for its aseptic packaging production operations. The operations include the design and manufacturing of multilayered materials containing aluminium foil. The products are used in the food and beverage packaging sector in more than 40 countries. Fiona Solomon, Chief Executive Officer at ASI said, “We warmly congratulate IPI on their ASI Performance Standard – Material Stewardship Certification in Italy. Even in times of crisis such as this, the packaging sector continues to support the global food and beverage sector to provide the nutrition that the world needs. We appreciate the critical role aseptic packaging plays to enable...
After soaring by RMB 230 per tonne, the A00 aluminium ingot price has recorded a downfall of RMB 30 per tonne to stand at RMB 12,460 per tonne, as of Friday, April 24, found Shanghai Metals Market. The average prices are expected to range between RMB 12,440 per tonne and RMB 12,480 per tonne, with spot contract to be traded at a premium price of RMB 30-70 per tonne. Among the major Chinese provinces, Foshan has continued to see a surge of RMB 110 per tonne to RMB 12,690 per tonne. In Tianjin and Chongqing, the A00 aluminium ingot price has increased as well by RMB 50 per tonne and RMB 20 per tonne to respectively come in at RMB 12,510 per tonne and RMB 12,690 per tonne. In other provinces, the primary aluminium ingot price has decreased; such as in Wuxi and Gongyi, the price has declined...
The US dollar climbed slightly on Thursday. LME aluminium shed 0.66% and SHFE aluminium climbed 0.9%. Three-month LME aluminium trimmed some declines during the European trading hours. It bounced back from a session low of US$1,503 per tonne, closing 0.66% lower on the day at US$1,510 per tonne. Shanghai Metals Market expects the contract to trade at US$1480-1520 per tonne today. As of Thursday, April 23, LME aluminium cash (bid) price stands at US$ 1473.50 per tonne, LME official settlement price stands at US$ 1473.50 per tonne; 3-months bid price stands at US$ 1509.50per tonne, 3-months offer price is US$ 1509.50 per tonne; Dec 21 bid price stands at US$ 1632 per tonne, and Dec 21 offer price stands at US$ 1632 per tonne. The LME aluminium opening stock stood at 1307725 tonnes. Live...
Seventh Heaven Fiji is a floating platform featuring a restaurant and bar along with leisure facilities on board. The floating day club will be located near Malolo Island in the Mamanuca group, when it is launched as Fiji’s latest floating pontoon with a current target of July’20. Sanjay Kumar Deo, GM, Seventh Heaven Fiji said: “The uncertainty of current times propelled them to work harder and ensure business operated as usual. Our whole team is working extremely hard in the background to ensure we are all ready to go when restrictions are lifted.” Seventh Heaven Fiji employs 15 staffs and might increase to over 40 employees when it is in full operation. The Seventh Heaven Fiji floating platform offers all the modern comforts of a home setting. Owned by a private consortium, the project...
On 22 nd April’20, the U.S. International Trade Commission (USITC) made a unanimous preliminary determination that unfairly-traded imports of common alloy aluminium sheet from Bahrain, Brazil, Croatia, Egypt, Germany, Greece, India, Indonesia, Italy, Republic of Korea, Oman, Romania, Serbia, Slovenia, South Africa, Spain, Taiwan, and Turkey are causing injury to U.S. producers. The preliminary injury determination means that the antidumping and countervailing duty cases against imports from those countries, which the Commerce Department commenced on 30 th March’20, will proceed. The Commerce Department’s preliminary countervailing duty determinations are currently due to be completed on 3 rd June’20, and the preliminary antidumping duty determinations are due to be completed on 17 th...
National Aluminium Co Ltd has cut the prices of its aluminium ingots. With the latest cut, the prices of ingots came in at INR 143,150 per tonne to INR 146,650 per tonne, with effect from Friday, April 17. The price of aluminium billets is currently hovering at INR 146,600 - INR 149,250 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The contract is down more than 19% so far in 2020 due to slower global demand following the coronavirus outbreak. Aluminium products and alumina account for nearly two-thirds of NALCO's gross topline, while the sales of chemicals contribute to the rest. NALCO manufactures wire rods, billets, coils, and chequered sheets. NALCO utilized its full capacity at...
In the first two months of 2020, world primary aluminium surplus grew to 684,000 tonnes from 492,000 tonnes in the whole of 2019, showed the World Bureau of Metals Statistics report on Wednesday, April 22. This came as production jumped by 8.3 per cent in January and February, in contrast to the demand growth of 4.1 per cent year-on-year. By the end of February, aluminium stocks totalled at 1.99 million tonnes, down 159,000 tonnes from the level seen at the end of December 2019. Stocks at LME-approved warehouses also fell during the same period, mostly in Asian warehouses. In China, primary aluminium demand was apparently higher by 6.2 per cent during January to February compared to the same period last year, while output expanded by about 6.06 million tonnes, which is about 55 per cent...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continue to fall for the third consecutive week as demand remained strong amid weak arrivals. Inventories came in at 1.359 million tonnes in the week ended April 23. That was down 136,000 tonnes from the previous week. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi, Shanghai, and Nanhai decreased by 43,000 tonnes, 5,000 tonnes and 55,000 tonnes from April 16 to stand at 577,000 tonnes, 167,000 tonnes and 286,000 tonnes on Thursday. Stocks Hangzhou stood at 135,000 tonnes, a drop of 7,000 tonnes. Stocks of primary aluminium in Gongyi, Tianjin, Chongqing...
ALVANCE British Aluminium has confirmed plans to lay-off 30 to 40 of its workers at the Lochaber smelter in Fort William in response to the impact of the COVID-19 epidemic. The company stated that it is closely tracking the impact of the pandemic and has been adjusting operations to address the challenges caused by the coronavirus situation, with the safety of its 140 employees as its top priority. All precautionary measures have been taken at the smelter and hydropower station to make certain that the welfare of those working on-site – including additional hygiene measures and guidelines to maximise social distancing. Alvanche said from a business perspective: “The smelter has been adjusting production to meet the demand for aluminium, which has been impacted by what it described as a...
Alcoa Corporation, in its first-quarter financial results on Thursday, April 23, announced that it would curtail the remaining 230,000 tonnes of uncompetitive smelting capacity at Intalco smelter in Ferndale, Washington, owing to the current downturn market conditions. The full curtailment, including 49,000 tonnes of earlier-curtailed capacity at Intalco, is likely to be completed by the end of July 2020. Post this action, Alcoa’s total smelting capacity cut will come in at 880,000 tonnes, or approximately 30 percent of its total global smelting capacity. Roy Harvey, Alcoa’s President and Chief Executive Officer, said: “While our employees have worked diligently to improve the facility, the smelter is uncompetitive, and current market conditions have exacerbated the facility’s...
According to China customs data on Thursday, April 23, aluminium imports to China grew more than triple in March 2020 from a year ago and stood the highest in the past six years or more. But bauxite imports in the same month fell due to disruptions of the incoming shipments of raw materials. China’s unwrought aluminium imports in March came in at 121,025 tonnes, up 242 per cent from 35,420 tonnes in the same period last year, showed the General Administration of Customs. This marked the highest since China imported 125,180 tonnes in December 2013. China’s exports of aluminium, on the other hand, dipped by 5 per cent in March from the year-earlier at 520,000 tonnes, according to data released at mid-month. In regards to the jump in China’s March aluminium imports, one trader reasoned out...
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline for the seventh consecutive week as consumption was brisk. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 145,600 tonnes in the week ended April 23, a decrease of 19,300 tonnes from the previous week. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories of aluminium billet in Foshan, Wuxi, and Changzhou came in at 60,800 tonnes, 40,480 tonnes, and 22,850 on Thursday, down 8,800 tonnes, 9,960 tonnes, and 200 tonnes from April 16. The stocks in Huzhou remained unchanged at 16,000 tonnes. Stocks in Nanchang decreased by 300 tonnes to stand at 5,500 tonnes. Aluminium alloy (A356) price was...
