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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The global aluminium prices are falling and the surfeit inventories are inclining up rapidly, though the market has not yet entered the catastrophe situation that despoiled the global market in 2008, a year is known for recession. The COVID-19 breakout has stroked out aluminium in the worst possible way, as automakers orders are halted, aircraft’s are dropping production and supply chain remains baffled at high levels. Aluminium smelters ranging more than 50% around the globe are hugely losing cash, as the trade prices have reached four years low. Nevertheless, shrinkage has straggled behind the plunge in demand, leading to a briskly inflating overabundance. A similar enterprising backtracked the aluminium market in the preceding financial crisis, leading to a glut that took more than a...
According to Reuters calculations based on the official data on Friday, China’s daily aluminium output in March dropped by 1.7 per cent compared to the earlier two months. Supply disruption and incessant price fall of the metal due to the COVID19 outbreak resulted in daily production drop. But as per the data from the National Bureau of Statistics, China’s monthly aluminium production in March grew 2.3 per cent over the year, amounting to 2.97 million tonnes. With this, China’s total first-quarter output came in at 8.84 million tonnes, up 2.7 per cent year-on-year. According to Reuters, China’s total daily aluminium output in January and February of this year was 97,450 tonnes, which in March declined to 95,800 tonnes, the lowest daily rate since October. The bureau did not typically...
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Luxembourg's economy is quite similar to Germany's and the nation enjoys a degree of economic prosperity very rare among industrialized democracies. In Luxembourg, Hydro is present with metal products operations. The company’s largest aluminium remelting operation in Europe is based in Clervaux, with capacity topping 100,000 tonnes per year. The plant remelts aluminium scrap into extrusion ingot, but still, the country’s demand for aluminium ingot remains unfulfilled. Luxembourg’s total importation of aluminium ingot during 2017-19 was recorded at 206,757 tonnes and the expended revenue stood at $334.84 million. The estimated import for 2020 has been analysed at 65,980 tonnes and the amount to be expended might reach to $110.11 million. When added up with the last three years the total...
The United Arab Emirates, one of the top aluminium exporters to the US, accounted for 8% of all aluminium imports by the US in January 2020. The UAE’s exports of crude metals and alloys to the US stood at 31,000 tonnes in January 2020, a decrease of 39.69% or 20,400 tonnes year-on-year. The UAE had exported 51,400 tonnes to the US in January 2019, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped 8.55% or 2,900 tonnes from 33,900 tonnes. Compared with November, the UAE’s exports of crude metal and alloys to the US stood 31.87% lower from 45,500 tonnes. On the import side, the UAE imported 939 tonnes of aluminium (crude metal and alloys, aluminium semi-finished products and scrap) from the US in January...
Aluminium Stewardship Initiative (ASI) announced that Alu-met GmbH has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 119. Alu-met manufactures and supplies high-quality aluminium billets. The company operates two production sites: Aluminium GmbH Nachrodt (Germany) and Speedline Aluminium Gießerei GmbH (Austria). The company produces more than 150,000 tons of extrusion billets annually for the central European market. “Alu-met belongs to the European aluminium industry. Therefore we have the responsibility to pave the way for ecological sustainability. The management of Alu-met is committed to ensuring the health and respectful treatment of their employees and securing long-term...
An Anglo-Australian multinational and the world's second-largest metals and mining corporations, Rio Tinto, has released the operational results of the first quarter of 2020, mentioning that its bauxite production has increased year-on-year by about 8 per cent to stand at 13.8 million tonnes. But when compared to the previous quarter, the output has been found decreased by 9 per cent. The growth in the year-on-year production of Rio’s bauxite followed the successful ramp-up of its Amrun mine in 2019 and the 7 per cent increase in third party shipments to 9.5 million tonnes in the first quarter. The company’s aluminium production, on the other hand, has dipped in the first quarter by 2 per cent year-on-year to 0.8 million tonnes, with ISAL operating at 85% capacity in line with our value...
A00 aluminium ingot price registered an increase of RMB 150 per tonne or 1.25 per cent from Thursday’s price of RMB 12000 per tonne. The price now stood at RMB 12150 per tonne on Friday, 17 April 2020 and is expected to move within a range of RMB 12130-12170 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 10 to a premium of 30 per tonne. In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 160 per tonne to stand at RMB 12190 per tonne and 12170 per tonne. Their average prices are expected to range within RMB 12170-12210 per tonne and RMB 12160-12180 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 12180 per tonne and 12190 per tonne, up RMB 150 per tonne each. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi...
RUSAL is the world's second-largest aluminium company by primary production output and it is pursuing to modify its sales portfolio, including more products for the medical and pharmaceutical industry, at a time of unfeasible market conditions among its traditional end consumers. Rusal has produced 3.75 million tonnes of aluminium in 2019 that is 5.8% of global aluminium supply. On 16 April’20, Rusal’s press office, said: “While the situation remains difficult, we are flexible enough to diversify our sales portfolio and ensure the sales of all manufactured goods.” “Rusal continues to perform the obligations it has for the customers - we do support them in such difficult times and provide more services and optionality when required.” The aluminium producer has seen consumption in...
The US dollar rose to a one-week high on Thursday as investors continued to search for safe haven following gloomy US jobless data. The dollar index, which tracks the greenback against a basket of other currencies, added 0.28 per cent and ended at 99.9. As of Thursday, April 16, both LME aluminium cash (bid) price and LME official settlement price increased by US$ 6.5 per tonne to US$ 1476 per tonne. 3-months bid price and 3-months offer price also grew by US$ 6.5 per tonne to come in at US$ 1514 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1647 per tonne. The LME aluminium opening stock stood at 1261475 tonnes, compared to 1261550 tonnes on Wednesday, April 15, meaning it remained flat. Live Warrants totalled at 1137900 tonnes and Cancelled Warrants 123575 tonnes....
The two pilot bauxite projects in Lam Dong and Dak Nong provinces have remarkably contributed to the Central Highlands' development in recent years. On 16 th April’20, the Prime Minister of Vietnam, Nguyen Xuan Phuc at a meeting in Hanoi said: “This is a premise to consider the expansion of bauxite exploitation and processing in the region.” The meeting focuses to review the 10-year implementation of the Politburo’s conclusion on planning, zoning off for exploration, exploitation and processing of bauxite ore during the 2007-2015 periods, with a vision to 2025. The Tan Rai and Nhan Co bauxite exploitation and processing projects in Lam Dong and Dak Nong provinces started work in 2008 and 2010, respectively. The projects have managed to earn profits since 2017, one year ahead of the time...
Pune Metro's coach assembling unit is waiting to get land allotted near Nagpur in Maharashtra. Maharashtra Metro Rail Corporation (MahaMetro) had sought land from both the Jawaharlal Nehru Port Trust (JNPT) and Maharashtra Industrial Development Corporation (MIDC) but yet to get any response. The international bids for the supply of 102 coaches for Pune Metro have been awarded to Titagarh Firema, an Indian company in a joint venture (JV) with an Italian firm. The JV is supposed to deliver 102 ultra-modern state-of-the-art aluminium-bodied coaches. As per the agreement, 25% of the coaches are to be manufactured at their plant in Italy and the balance 75% will be produced and commissioned at the MahaMetro coach manufacturing plant near Nagpur. The plant in Italy is also not operating for...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined sharply this week on improved demand. Inventories stood at 1.495 million tonnes in the week ended April 16. That was down 112,000 tonnes from April 9. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai decreased by 37,000 tonnes and 48,000 tonnes from April 9 to stand at 620,000 tonnes and 341,000 tonnes on Thursday, 16 April 2020 02. Stocks in Shanghai, Chongqing and Linyi remained unchanged at 172,000 tonnes, 15,000 tonnes and 11,000 tonnes. The inventories in Hangzhou and Gongyi came in at 142,000 tonnes and 138,000 tonnes today. That...
Extending decline for the sixth consecutive week, aluminium billet inventories in China have totalled at 164,900 tonnes, as of Thursday, April 16, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have reduced by 5,200 tonnes today, compared to 4,100 tonnes last week, across five major consumption areas. This indicates a growth in the week-on-week decline of aluminium billet inventories this week. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan, Huzhou, and Nanchang have seen declines in aluminium billet inventories today, among which Foshan has seen the highest fall. In Foshan, the billet inventories have reduced by 6,900 tonnes to stand at 69,600 tonnes, while that in Huzhou and Nanchang...
Spain’s export of Aluminium tubes and pipes has reflected steady growth during 2017-19, as the total export volume stood at 18,682 tonnes, whereas the revenue generation stood at $74.48 million. The estimated export for 2020 though has been analysed with de-growth by 1.54% while accumulating the total export volume with the last three years, it stands at 25,203 tonnes and the revenue generation will stand at $105.89 million. In 2017, the aluminium tubes and pipes export volume of Spain was recorded at 5571 tonnes while generating $20.40 million as revenue. The aluminium tubes and pipes export volumes of Spain in 2018 reflected a growth by 16.46%, Y-o-Y export excess volume stood at 917 tonnes and the revenue generation remained at $24.16 million. In 2019, the export volume also showed...
Endurance Technologies announced that its subsidiary Endurance Overseas Srl, Italy, has acquired controlling equity stake of 99% in Adler SpA. The corporate name of Adler is being changed to Endurance Adler SpA. Endurance Technologies is a manufacturer of aluminium casting (including alloy wheels), suspension, transmission and braking products. The company provides high pressure die castings, low pressure die castings, gravity die castings etc. Endurance Group in Europe now has ten manufacturing plants, of which seven are in Italy and three in Germany. Adler, a leader in systems solutions for clutches, gears and friction plates with niche in R&D, engineering services and product development for OEM customers in Europe, has been a long term technology provider to the Company. The...
Central Europe’s some of biggest car-makers have declared their plans to re-start production weeks after closing down the plants due to the COVID-19 epidemic. This announcement has generated a ray of hope in the Aluminium downstream sector that supports the auto industry by supplying die-casting materials, parts, frames, accessories, etc. The lockdown has been accepted as a very positive move in numerous states across Central and Southeast Europe as the infection rate in most of the region has failed to reach the explosive growth seen in some of the major West European economies, remaining in the hundreds or low thousands. The other most crucial factor behind the decision of numerous automakers to resume work is that they have used the temporary shutdowns to put new social distancing...
European Aluminium launched its Circular Aluminium Action Plan to ensure that all end-of-life aluminium products are collected and recycled efficiently in Europe by 2030. The plan also aims to maximise aluminium recycling rates and to keep the material in active use. Circular Aluminium Action Plan builds on the industry’s Vision 2050 and provides policy recommendations to increase recycling rates. “The aluminium industry is committed to helping deliver the European Green Deal, building on its long-standing commitment to sustainability. Our end goal is to achieve the full potential of aluminium circularity by 2030 and we won’t stop until we’ve achieved it. The Circular Aluminium Action Plan provides a roadmap for European policy makers and the European aluminium industry to work together...
According to a recent report, Wenshan Aluminium’s 500,000 tonnes of aluminium smelting and hydropower project in southeast Yunnan’s Wenshan prefecture will start the operation of its first potline at the end of April. The project is estimated to require a total of more than RMB 4 billion of investment, as per the report. Yunnan Aluminium’s subsidiary Wenshan Aluminium runs an alumina refinery as well, which in the first quarter of 2020 produced 266,000 tonnes of alumina. There are 3.43 million tonnes of aluminium smelting and hydropower capacity that is under construction or has been built in Wenshan prefecture, according to official data.
