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....
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According to a recent report from Shanghai Metals Market, China’s environmental authorities, on Thursday, April 23, have issued the sixth batch of aluminium scrap quotas for 2020, permitting additional 1,030 tonnes of high-grade aluminium scrap to enter China. This, together with the previous batch quota, which allowed an additional 191,100 tonnes of high-grade aluminium scrap imports to China, brings the total permissible amount of imports to 476,679 tonnes. But while the import quotas are increasing for this year on one hand, the supply in the market is displaying a bearish trend, on the other, due to subdued consumption and supply disruptions amid the worldwide spread of the COVID19. Chinese authorities estimate that since the spread of the COVID19 has not shown signs of slowdown, the...
Novelis Inc., the world leader in aluminum rolling and recycling, has appointed Thomas (Tom) Boney as Senior Vice President of Novelis and President, Novelis North America, effective immediately. Boney is responsible for all aspects of the company's North America business, which includes manufacturing and recycling facilities across the United States and Canada. "Novelis is entering a period of extraordinary transformation in the company's history and Tom has an excellent track record of leading diverse teams that continually achieve higher results," said Steve Fisher, President and Chief Executive Officer, Novelis Inc. "I am confident he has the right team in place to lead a safe, strong culture and help us fulfill our purpose of shaping a sustainable world together." Boney succeeds...
Motorola Solutions is supporting Rio Tinto to pursue delivery towards its consumers while safeguarding people and communities during the COVID-19 pandemic. The two multinational companies have joined hands to design and roll-out a back-up communications solution for Rio Tinto Aluminium’s Integrated Operations Centre (IOC), in Brisbane, Queensland. The system empowers endured critical communications amid mines during an emergency and was developed and deployed in just five days. The existing IOC provides 24/7 monitoring of all safety, production and quality aspects at remote bauxite mine sites in Weipa, Queensland and Gove, Northern Territory and is essential to coordinating Rio Tinto’s bauxite supply to Australian alumina plants and export markets. If the IOC link becomes unreachable for...
Alcoa Corporation, a global leader in bauxite, alumina, and aluminium products, has released its first quarter results of 2020, ending March 31. According to the report, Alcoa’s adjusted net loss improved from $57 million or $0.31 per share in the previous quarter to $42 million or $0.23 per share in Q1 2020. Net income attributable to Alcoa Corporation came in at $80 million or $0.43 per share in Q1 2020, compared with a net loss of $303 million or $1.63 per share in Q4 2019. Adjusted EBITDA excluding special items came in at $321 million in Q1 2020, down 7 per cent from $346 million in Q4 2019. The revenue of the company in the first quarter of 2020 stood at $2.4 billion, down 2 per cent from the previous quarter, attributing to lower global alumina and aluminium prices. Alcoa ended the...
A00 aluminium ingot price has increased to stand at RMB 12490 per tonne on Thursday, 23 April 2020, from its previous price of RMB 12260 per tonne. This marks a growth of RMB 230 per tonne or 1.88 per cent. The price is expected to range within RMB 12470-12510 per tonne. Spot aluminium price is likely to be traded at a premium of RMB 30-70 per tonne. Aluminium ingot price in Foshan stands at RMB 12850 per tonne, up RMB 270 per tonne. Ingot prices in Wuxi and Hangzhou have risen to stand at RMB 12475 per tonne and RMB 12490 per tonne. Aluminium ingot prices in Chongqing, Shenyang, Tianjin, Linyi, and Gongyi stand at RMB 12530 per tonne, RMB 12535 per tonne, RMB 12460 per tonne, RMB 12600 per tonne and RMB 12520 per tonne. After remaining restrained for a week at RMB 9150 per tonne, Al...
A new aluminium project is to set in motion in the southern part of Iran and this will upsurge the nation’s production size to 785,000 tonnes. Reza Rahmani, Iran’s Minister of Industry, Mine and Trade said: “The project has come with a price tag of more than $1.2 billion and will see 300,000 tonnes of aluminium ingots produced.” The project is located at Lamerd in Iran’s southern province of Fars and it has been completed. The minister also stated that cutting-edge technology has been incorporated into the project, considering that a whole variety of products will be exported as well. Rahmani also said: “When operational, the factory will employ 1,500 people directly and 5,000 others indirectly.” The minister was very much clear to announce that the majority of the workforce has been...
The US dollar declined on Wednesday, April 22, giving up some gains from the previous day, as oil prices bounced back and eased investors demand for safe havens. But the greenback remained well supported amid persisted concerns about the uncertainty around the coronavirus crisis. Three-month LME aluminium moved higher with strengthened SHFE aluminium, ending at $1,520 per tonne on Wednesday, up 2.01 per cent on the day. The K-indicator broke up the 20-day moving average. Today, LME aluminium is expected to trade between US$ 1,490-1,520 per tonne. As of Wednesday, April 22, both LME aluminium cash (bid) price and LME official settlement price recorded a rise of US$ 18 per tonne to stand at US$ 1461.50 per tonne. 3-months bid price and 3-months offer price also increased by US$ 18 per tonne...
FIMI, the mining body of India, stated that as COVID-19 has hit all sectors, so they have urged the government of India to remove the 15% export duty on non-metallurgical grade bauxite. The shipments of this grade bauxite can bring in additional revenues for the exchequer. Federation of Indian Mineral Industries (FIMI) stated in a letter to Finance Minister of India, Mrs Nirmala Sitharaman: "The spread of COVID-19 pandemic has created an extraordinary and unprecedented situation in the country impacting mining of all minerals including production and exports of bauxite from the state of Gujarat and Maharashtra. Under the current critical situation, the export of non-plant grade bauxite can play a vital role in bringing additional revenue to the country’s exchequer.” The plant grade...
Hydro is buying face masks made by local entrepreneurs to support communities in Paragominas and Barcarena in the state of Pará. The company will provide masks to employees and contractor employees at the Paragominas bauxite mine, Alunorte alumina refinery and Albras aluminium plant. "Suppliers are being mapped primarily in the municipalities where the units are located. In this way, besides reinforcing our value of care in the operations, protecting people, Hydro promotes the local economy," said Luana Carvalhosa, Senior Manager of Social Programs in Hydro’s Bauxite & Alumina business in Brazil. The masks are non-medical face masks to help prevent the spread of infection as recommended by the Brazilian authorities. Hydro said the selection of local suppliers follows quality and safety...
The Aluminum Extruders Council has reportedly announced the results of the annual election of officers and directors, which was decided at its 71 st Annual Meeting & Leadership Conference last month in San Antonio, Texas. Brook Massey was elected to serve as Chairman of the Aluminum Extruders Council, Brook Hamilton as Vice Chairman on the Executive Committee, and Scott Kelley as Immediate Past Chairman. Mr Massey, who was earlier the President of MI Metals in Oldsmar, FL, has more than 15 years of leadership experience in the aluminium extrusion industry. Prior to MI Metals, he was a CPA and spent time auditing in a variety of industries, including Manufacturing, Healthcare and Governmental entities. Mr Massey has been a member of the AEC Board of Directors since 2016. He then used to...
Vedanta has hiked the aluminium ingot price by nearly 1%. With effect from April 21, the prices of some ingots are in the range of INR 130,000-143,000 per tonne, from INR 128,500-141,500 per tonne. With the latest hike, the price of billet currently stands at INR 138,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down more than 19% so far in 2020 due to slower global demand following the coronavirus outbreak. <iframe width="500" height="300" src="https://www.youtube.com/embed/1mMvkaoWBlk" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> Vedanta’s aluminium business typically...
According to Antaike’s report on Wednesday, April 22, China’s primary aluminium demand has surged by an extra 150,000 to 200,000 tonnes over the past one month, owing to aluminium scrap shortage caused by the coronavirus outbreak. Aluminium scrap supplies have weakened since the end of the Lunar New Year holidays in January. Delay in resuming recycling activity due to the holidays, together with falling imports because of the global COVID19 pandemic, has adversely affected the supplies of scrap, according to the research house. “Price spread between aluminium scrap and primary aluminium narrowed obviously, leading to increasing amount of primary aluminium as a substitute and driving its demand,” Antaike said in a note. The most active aluminium contract on the Shanghai Futures Exchange...
United States Geological Survey report for January 2020 showed that the US in the said month exported 28,900 tonnes of aluminium scrap to India. This stood down month-on-month by 6.17 per cent, but when compared to the corresponding period last year, it edged higher by 61 per cent sharp. In December 2019, the United States aluminium scrap exports to India were 30,800 tonnes, while in January 2019 were 18,000 tonnes. During October-December 2019, the US aluminium scrap exports to India relentlessly showed an upswing trend, by supplying 20,300 tonnes in October, which grew 15.27 per cent to 23,400 tonnes in November. December saw a growth of 32 per cent month-on-month, with US aluminium scrap exports to India came in at 30,800 tonnes. However, despite the month-on-month decrease in the...
Chile a long, narrow country stretching along South America's western edge, with more than 6,000km of Pacific Ocean coastline. The economy of Chile is a high-income economy as ranked by the World Bank, and is considered one of South America's most prosperous nations, leading Latin American nations in competitiveness, income per capita, globalization, economic freedom, and low perception of corruption. The aluminium foil market import market of Chile has remained very much unsettled, though the total export during 2017-19 has been recorded at 82,198 tonnes, whereas $271.70 million has been expended for the import during the phase. The estimated volume of import for 2020 has been analysed at 24,001 tonnes and foreign revenue expenditure might reach to $79.72 million, when added both the...
Hindalco Industries Ltd has increased the prices of its aluminium ingots, billets and wire rods after cutting them five times in a row. With effect from April 17, the price for Hindalco aluminium ingots now stands at INR 134,500 per tonne, an increase of 2.67% or INR 3,500 per tonne from INR 131,000 per tonne on March 27. Hindalco is now selling its wire rods at INR 145,600 per tonne. The price has registered an increase of 2.82% or INR 4,000 per tonne from INR 141,600 per tonne. The price of billets has risen by 2.91% from March 27 to stand at INR 141,600 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down more than 19% so far in 2020 due to slower...
According to a recent report, the metal additive producing group Amaero International has inked an agreement with a major global automotive manufacturer to jointly develop 3D printed tooling. According to the Australia-headquartered group, the inclusion of additive-manufactured inserts for tools could decrease the manufacturing defects risk by adding conformal cooling channels to the design. As a result, it would reduce rejection in casting, machining, and assembling, and therefore, would save costs. These tooling inserts are common to die casting tools globally. Once this new process to be developed by Amaero and its new customer is proven, there would be some scope for significant global opportunities. This collaboration between Amaero and an automotive manufacturer would apply to the...
The aluminium scrap shortage panic has grown among the European aluminium alloy producers as they envisaged their pricing levels onwards the resumption of some automotive operations this week. As manufacturers like Volvo and Volkswagen has declared a restricted resumption of their facilities last week, significantly the alloy producers have countered by planning returns of their own. A Western European-based alloy producer said: "We restarted some production on 20 th April’20, to deliver to the auto companies that have restarted. We will have a clearer picture by mid-May. We do not yet know if we will be at 50% capacity or 80% or even 100%." Europe's automotive plants remain closed mostly, but any further resumption will bring a prompt response from alloy producers. Another...
Vishay Intertechnology, Inc., a leading manufacturer of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors), announced the launch of a new series of miniature snap-in power aluminium electrolytic capacitors. The Vishay BCcomponents 257 PRM-SI series offers up to 20 % higher ripple current than previous-generation components. It offers useful life of 5,000 hours at 85 °C. With ripple currents up to 5.05 A, the devices allow designers to utilize fewer components to save board space and lower costs. The device features a cylindrical aluminium case, insulated with a blue sleeve, with rated voltages to 500 V in 25 compact case sizes ranging from 22 mm by 25 mm to 35 mm by 60 mm. “As polarized aluminium...
