Sampat Aluminium shareholders unanimously approved the company’s FY26 financial statements and three other resolutions at its 27th Annual General Meeting held on September 26, 2026. Sampat Aluminium Limited passed all four ordinary resolutions at its 27th AGM, with 54,69,800 votes cast in favour and no votes against. The meeting was held through video conferencing, while remote e-voting was available from September 23 to September 25, 2026. The resolutions covered the adoption of the company’s audited standalone financial statements for the financial year ended March 31, 2026, the reappointment of Sanket Sanjay Deora as Managing Director, the appointment of M/s Utkarsh Shah & Co. as Secretarial Auditor, and the ratification of remuneration for the Cost Auditors for FY27. All four...
Aluminum investment has been spreading across the entire value chain, from primary smelting and alumina refining to recycling, rolling, extrusion and battery foil, building more integrated and higher-value supply chains. During the past 5 years, the US and Canada in North America and China in Asia have been grabbing headlines pertaining to the aluminum industry. These updates have involved growth stories or have shed light on volatile market situations. How have these headlines contributed to a greater picture for the benefit of the aluminum industries of the two continents? Between 2021 and 2026, major projects across North America and Asia have targeted new primary capacity, lower-carbon production, recycled aluminum and higher-value downstream products. But the investment pattern is...
Grow with
AL Circle
China’s new energy vehicle retail sales declined in the first 16 days of August, but the segment continued to outperform the wider passenger-car market as higher fuel costs weighed more heavily on demand for petrol vehicles. Passenger NEV retail sales reached 399,000 units from August 1 to August 16, down 15 per cent year on year but up 1 per cent from the corresponding period in July, according to the China Passenger Car Association. Overall passenger-vehicle retail sales fell 22 per cent year on year to 628,000 units. NEVs retain a 63.6 per cent share NEVs accounted for 63.6 per cent of passenger-vehicle retail sales during the period, underlining their continued market strength despite the decline in unit sales. The penetration rate remained high, although it was below the record 65.1...
According to customs data, China's prebaked anode exports in July 2026 totalled 211,700 tonnes, up 21.86 per cent Y-o-Y and down 24.40 per cent M-o-M. In terms of price, the average export price of prebaked anode in July was approximately USD 1,031.80 per tonne, up 24.94 per cent Y-o-Y and up 12.34 per cent M-o-M. From January to July 2026, China's cumulative prebaked anode exports reached 1.5183 million tonnes, up 23.47 per cent Y-o-Y, continuing the expansion trend. Both export volume and average price strengthened, keeping industry sentiment high. Domestic export regions From the perspective of domestic export regions, industrial agglomeration is notable. On a cumulative basis from January to July, Shandong topped with 989,900 tonnes (up 4.12 per cent Y-o-Y), followed by Hunan with...
Aluminium scrap: This week, domestic aluminium scrap prices in China followed the primary aluminium pullback, showing a pattern of high-level weakness. However, cost support remained, limiting the decline. On August 20, SMM A00 spot aluminium ingot prices closed at RMB 23,600 per tonne, down RMB 520 per tonne from RMB 24,120 per tonne last Thursday. Dragged down by the fall in primary aluminium prices, aluminium scrap prices pulled back, but thanks to cost support and tight supply, the decline in scrap was relatively limited, maintaining its resilience. In terms of price spreads, on August 20, the price difference between A00 aluminium and mixed aluminium extrusion scrap free of paint in Foshan was RMB 2,360 per tonne, and the price difference between A00 aluminium and shredded aluminium...
BRICS environment and climate ministers have opposed the European Union's Carbon Border Adjustment Mechanism (CBAM), arguing that the carbon levy could create additional trade pressure for developing economies exporting aluminium and other carbon-intensive products to Europe. Environment and climate ministers from BRICS member countries have criticised the EU's Carbon Border Adjustment Mechanism (CBAM), describing it as a unilateral, punitive and discriminatory measure that could act as a trade barrier for developing economies. The issue is particularly relevant to the aluminium industry, as aluminium is among the carbon-intensive products covered by the EU's carbon border mechanism, alongside steel, iron, fertilisers and cement. The BRICS ministers raised their concerns during a meeting...
Nanshan Aluminium International sold 15 per cent more alumina in the first half of 2026, but a 39.5 per cent fall in its average selling price drove profit down nearly 75 per cent, showing how quickly a commodity-price downturn can outweigh rising sales volumes. The Hong Kong-listed producer reported revenue of USD 415.0 million for the six months ended June 30, down 30.5 per cent year on year, while profit attributable to shareholders fell 74.8 per cent to USD62.7 million. The company cut its interim dividend but retained a stronger balance sheet and continued work on an Indonesian electrolytic aluminium project. More tonnes, less revenue Nanshan sold about 1.296 million tonnes of alumina during the period, up 15.0 per cent from approximately 1.127 million tonnes a year earlier. Yet its...
_(98)_0_0.jpg)
This week, China’s social inventory of cast aluminium alloy ingots recorded 28,100 mt, up 2,500 mt WoW, marking the second consecutive week of inventory buildup, with the buildup magnitude further widening from last week. Currently in the demand off-season, downstream purchase willingness is low, and market shipment pace is slow. Meanwhile, periodic increases in spot-futures arbitrage purchases provided some replenishment to inventory. Overall, social inventory still faces buildup pressure in the short term, and it is expected to continue a slight upward trend. Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
US retail sales and consumer confidence data weakened in July, and corporate inflation expectations pulled back slightly. Adjustments in overseas US Treasury operations, a consolidating US dollar, and expectations for US Fed interest rate cuts repeatedly disrupted the base metals sector. CME data showed that the market’s mainstream view was that the US Fed was highly likely to keep interest rates unchanged in September–October, while there was still tail risk of further rate hikes. Geopolitical tensions between the US and Iran resurfaced with new developments. US President Trump explicitly stated that he was not seeking to extend the memorandum of understanding with Iran and said there was “no timetable” for resolving the Iran issue, adding that he was “not in a hurry.” Iran issued a...
India’s rapidly expanding secondary aluminium industry is facing a shortage of domestic scrap, leaving recyclers dependent on overseas suppliers and vulnerable to changing trade policies in major exporting regions. Secondary aluminium production has increased from approximately 0.85 million tonnes in 2015–16 to nearly 2.2 million tonnes in 2025–26, according to industry estimates cited by the Material Recycling Association of India. The sector now supplies around 35 per cent of India’s aluminium consumption, but imports account for roughly 80 per cent-85 per cent of its scrap requirements. The imbalance is prompting recyclers and primary aluminium producers to push competing policy proposals on the 2.5 per cent basic customs duty applied to imported aluminium scrap. Domestic scrap cannot...
Aluminium’s circular economy is no longer a sustainability side story — it is becoming a contest over who controls scrap, who sets the compliance bar, and who can afford the energy to keep smelting. On one hand, recycled aluminium is being tested, as dross piles up in China, scrap ships out of the US faster than domestic recyclers can replace it, and only a third of the world’s beverage cans actually become cans again. On the other hand, governments are throwing real money at keeping primary production alive, from Canberra’s power-price rescue of an Australian smelter to Chinese capital scouting a new industrial base in Egypt. These indicate that circularity is becoming as much a matter of industrial strategy and geopolitics as of technology. To know the aluminium casting demand forecast...
According to SMM statistics, as of August 20, aluminium billet inventory in China's major consumption areas recorded 143,000 tonnes, with an inventory buildup of 500 tonnes from last Monday and 6,000 tonnes from last Thursday, maintaining a continuous buildup pace. Compared with the same period, total inventory has risen to the highest for the same period in the past five years. From the perspective of warehouse withdrawals, aluminium billet warehouse withdrawals from August 10 to August 17 recorded 30,300 tonnes, up 2,800 tonnes W-o-W. Market transaction activity improved slightly but remained at a low level for the year. The current continuous inventory buildup of aluminium billet is mainly driven by both supply and demand sides: on the one hand, consumption has entered the traditional...
New Zealand-owned aluminium beverage can manufacturer Recorp has entered the Australian market, offering beverage companies access to multiple can formats from its South Auckland manufacturing facility. The company is positioning flexible production, lower minimum order quantities (MOQs) and high recycled aluminium content as key advantages as it targets Australian beverage brands. Recorp will serve Australian customers from its 16,000-square-metre plant in Manukau, South Auckland. The facility, which opened in November 2024 following an investment of NZD 115 million (USD 89.54 million), has annual manufacturing capacity of around 550 million cans. The production line can run at up to 1,850 cans per minute and includes eight bodymakers, dual decorators and equipment designed to enable...
Vedanta Aluminium, India’s leading aluminium producer, today expanded its automotive solutions portfolio with the launch of two advanced offerings under its best-selling Primary Foundry Alloy (PFA) range. These include the Copper-Doped Alloy, developed for high-performance automotive applications, and the Vedanta Foundry Alloy (VFA), a versatile material for enhanced durability, developed in collaboration with IIT Delhi. The two innovations represent a new frontier in the development of next-generation automotives, enabling lighter, safer, and more efficient vehicles and fuelling new possibilities in the automotive sector. The two offerings were unveiled to top representatives from India’s leading automotive companies and advanced component manufacturers at AutoEdge 2026, Vedanta...
MBSB Investment Bank Bhd (MBSB Research) has maintained its BUY recommendation on Press Metal Aluminium Holdings Bhd, although it lowered its target price to MYR 9.56 (USD 2.36) from MYR 9.66 (USD 2.39). The research house expects the company’s low-cost, renewable-powered smelting operations and favourable alumina spreads to continue supporting its margins. MBSB Research expects LME aluminium prices to average around USD 3000 to USD 3,200 per tonne in the second half (H2) of 2026 as supply disruptions ease. Prices averaged USD 3,565 per tonne in 2QCY26 but have fallen to USD 3,196 per tonne in 3QCY26 to date. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " Despite the lower price...
The US and Canada are moving closer to a potential trade agreement that could reduce tariffs on certain Canadian aluminium and steel exports to 25 per cent and reduce duties on the non-US content of Canadian automobile exports to 15 per cent. The proposed tariff changes could offer some relief to Canadian exporters while easing cost pressures across highly integrated North American supply chains. However, the agreement remains under negotiation, with key details still to be finalised. The potential deal follows US President Donald Trump’s call for postponing the decided 50 per cent tariffs on about USD 20 billion worth of Canadian imports , originally scheduled be effective on 12:01 AM, Wednesday, allowing for an additional three-day window for negotiators to reach an agreement. Although...
While the traditional summer off-season of 2026 draws to a close, domestic traders' aluminium inventory has successfully dropped below the critical threshold of 900,000 tonnes. This move has completely defied the seasonal pattern of inventory buildup typically seen between June and August, marking a strong counter-seasonal drawdown driven by robust fundamentals. This rally stands out for its steady upward drift in aluminium prices, while spot premiums/discounts have remained conspicuously unchanged. The combination of futures and spot signals indicates that the current uptrend is not a liquidity-driven bubble, but rather a physical-demand-led rally. It is fuelled by downstream enterprises front-loading their restocking ahead of the peak season and consistent offtake for immediate needs,...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,500 per tonne in the night session on August 20, hit a high of RMB 23,615 per tonne and a low of RMB 23,465 per tonne, and closed at RMB 23,520 per tonne, down 0.32 per cent from the previous settlement. Dragged by the LME's breakdown, futures weakened again, trading below all moving averages. Trading volume shrank in the session, with open interest pulling back slightly, mainly driven by bulls reducing positions. Technically, the 4-hour MACD continued its bearish crossover, with green bars staying high, releasing bearish momentum. LME aluminium opened at USD 3,234.5 per tonne on August 20, hit a high of USD 3,234.5 per tonne and a low of USD 3,177.5 per tonne, and closed at USD 3,185.5 per tonne, down 1.62 per cent from...
LME aluminium prices declined on August 20 compared with the previous trading day, while exchange stocks remained unchanged. The LME aluminium cash bid price stood at USD 3,180 per tonne on August 20, down from USD 3,191 per tonne on August 19 , marking a decline of USD 11 per tonne, or 0.34 per cent. The cash offer price fell to USD 3,182 per tonne from USD 3,191.5 per tonne, down 0.3 per cent. The LME aluminium 3-month bid price declined to USD 3,182 per tonne on August 20 from USD 3,211 per tonne on August 19, a decrease of 0.9 per cent. The 3-month offer price fell by USD 29 per tonne, or 0.9 per cent. From USD 3,212 per tonne on August 19 to USD 3,183 per tonne on August 20. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market...
Europe is planning a major expansion of domestic solar manufacturing as it seeks to reduce dependence on imported components and build a more integrated regional supply chain. Europe's solar industry is entering a new phase of expansion, with manufacturers and investors planning to increase domestic production capacity across the solar value chain. According to the latest Europe Solar Supply Chain Map, Edition 1, 2026, released by Sinovoltaics, Europe's current solar module manufacturing capacity stands at 24.2 GW. Announced expansion plans could increase this to 88.2 GW between 2027 and 2030, reflecting the region's growing focus on strengthening its own clean-energy manufacturing base. The push comes as Europe looks beyond final module assembly and seeks greater control over the...
