Vedanta Aluminium could see a 31 per cent upside from its current market price, with Kotak Neo retaining a ‘Buy’ rating and a price target of INR 540 as it expects a firm aluminium market to support the company's earnings growth. The research house expects global aluminium markets to remain tight through calendar year 2028, with project execution challenges potentially limiting the pace of new supply from Indonesia. It said the market may be underestimating the durability of the aluminium upcycle and Vedanta Aluminium's earnings growth potential. Vedanta Aluminium Metal shares were trading 3.02 per cent higher at INR 416.50 on Friday, September 18, 2026, compared with the previous close of approximately INR 404.30. The stock has declined around 8 per cent over the past month. At INR...
US-based Strategic Bauxite Inc. is preparing to expand its refractory-grade bauxite operations in Guyana after acquiring Guyana-based First Bauxite LLC in July. The company’s plans were discussed during a recent meeting between US Ambassador to Guyana Nicole Theriot and Strategic Bauxite executives. The proposed investment is expected to expand mining and processing capacity in the country while strengthening the supply of refractory-grade bauxite. The expansion is backed by USD 85.5 million in US government equity funding through the Industrial Base Analysis and Sustainment (IBAS) programme, alongside USD 64.5 million in private-sector co-investment. Guyana mine and calcination capacity to expand According to the US Embassy, the combined USD 150 million investment will support an...
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In a bold move to align with global green transit practices, Kolkata Metro, one of India’s oldest metro networks, is transforming significantly to enhance its services, overall efficiency and is also stepping into a cleaner, more efficient future. As per the latest news, Kolkata Metro’s ambitious third rail upgrade marked a significant milestone over the weekend, with a critical section of the Blue Line successfully modernised in Phase I of the project . The replacement of the traditional steel third rail with a high-conductivity aluminium rail was carried out on the Down Line between Shyambazar and Mahanayak Uttam Kumar, and on the Up Line from Shyambazar to Park Street . The latest installation was executed on Saturday night in the Main Line segment near Mahanayak Uttam Kumar station....
The August 1 deadline looms just around the corner, and countries across the globe are preparing last-minute either to crack a deal with the US ahead of the reciprocal tariff implementation or to combat the ripple effect of the tariff across supply chains. In the meantime, when the world’s two largest economies, the United States and the European Union, managed to avert a full-throated trade tussle, they did so with what protagonists would call a compromise, and critics dub an asymmetric capitulation. In a high-stakes meeting at Trump’s Turnberry golf resort in Scotland, US President Donald Trump and European Commission President Ursula von der Leyen unveiled a framework deal with a 15 per cent US tariff on about 70 per cent of EU exports, including cars, pharmaceuticals, semiconductors,...
Aluminium prices on the London Metal Exchange (LME) edged lower on July 28 compared to July 25, with both spot and futures contracts showing a marginal decline. The cash bid price fell 0.92 per cent from USD 2,656.5 per tonne on July 25 to USD 2,632 per tonne on July 28, while the cash offer also slipped 0.92 per cent to USD 2,632.5 per tonne. Similarly, 3-month contracts saw modest downward movement. The 3-month bid price dropped from USD 2,655.5 per tonne to USD 2,631.5 per tonne, while the offer price eased from USD 2,656 per tonne to USD 2,632 per tonne, both marking a decrease of approximately 0.90 per cent. Forward prices also weakened. The December 26 bid price dipped 0.86 per cent to USD 2,665 per tonne, and the offer price slid 0.86 per cent to USD 2,670 per tonne, down from USD...
According to SMM statistics, as of July 28, the inventory of primary aluminium ingots in China's mainstream consumption areas stood at 533,000 tonnes, an increase of 23,000 tonnes compared to Thursday last week and 35,000 tonnes compared to Monday last week. On a YoY basis, domestic aluminium ingot inventory lost its advantageous position of being at a low level compared to the same period in the past three years. Although it still decreased by 281,000 tonnes compared to the same period last year, it increased by 8,000 tonnes compared to the same period in 2023. Image for referential purposes only In terms of outflows from warehouses, the weekly outflows of aluminium ingots from major consumption areas in China in the past week were 92,500 tonnes, a significant decrease of 15,700 tonnes...
Vedanta Aluminium, a key player in India’s metal and resource sector, has expanded the installed capacity of its Primary Foundry Alloy (PFA) unit by 120 kilo tonnes per annum (KTPA) at its Special Economic Zone (SEZ) facility in Jharsuguda, Odisha. This move aims to strengthen India’s position in the global automotive and engineering aluminium markets. Image source: Vedanta Aluminium Primary Foundry Alloys are critical for manufacturing essential automotive components such as alloy wheels, engine blocks, cylinder heads, and transmission housings. Known for their superior castability, strength, and thermal conductivity, PFAs are tailored to meet stringent fuel efficiency and emissions standards. Vedanta’s offerings comply with global benchmarks including BS-VI and CAFE norms, making them a...
According to the US Geological Survey data, the United States’ total imports of aluminium plates, sheets and bars in April 2025 closed at 101,000 tonnes, reflecting Y-o-Y downfall of 12,000 tonnes or 10.61 per cent from 113,000 tonnes. From January to April 2025, the amount of aluminium plates, sheets and bars imported by the US closed at 425,000 tonnes, reflecting a surge of 20,000 tonnes or 4.93 per cent Y-o-Y from 405,000 tonnes. Month-on-Month (M-o-M), US aluminium plates, sheets, and bars imports in April 2025 recorded a substantial surge of 2400 tonnes from 98,600 tonnes recorded in March. The data also highlighted fluctuation in overall M-o-M import volumes, which is further illustrated in the graphical representation below. Top 3 plates, sheets and bars exporters to the US – April...
Indonesia's state-owned mining holding company, MIND ID, is looking to ramp up its aluminium ambitions with a multi-stage, vertically integrated plan to transform the country into a centre for global aluminium production. MIND ID, through its subsidiary PT Indonesia Asahan Aluminium (Inalum), is set to increase national aluminium production capacity from 275,000 tonnes per annum to 900,000 tonnes per annum by 2029. Bridging the aluminium demand-supply gap According to Maroef Sjamsoeddin, President Director of MIND ID, the expansion is critical to narrow down Indonesia’s aluminium supply gap, which currently hovers around 1.2 million tonnes per year. “Domic aluminium consumption is expected to increase by around 600 per cent in the next 30 years, especially to support the electric vehicle...
In a high-stakes crackdown on trade fraud, the US Department of Justice has announced that patio furniture manufacturer Grosfillex Inc. will shell out $4.9 million to settle claims that it dodged US import duties on aluminium components shipped from China. The Pennsylvania-based company stands accused of playing a shell game with customs paperwork, allegedly submitting falsified documents to US Customs and Border Protection (CBP) to sidestep antidumping and countervailing duties (AD/CVD) on aluminium extrusions sourced from the People’s Republic of China. Federal investigators say Grosfillex skirted tariffs by misclassifying certain aluminium parts as duty-free and packaging others into so-called furniture “kits” to obscure their true origin and avoid detection. In a twist that added fuel...
Premier Energies, an Indian solar manufacturer, has reported a robust performance for the first quarter of FY2025–26, posting a net profit of INR 307.8 crore, a 55.3 per cent year-on-year (YoY) increase from INR 198.2 crore in the same period last year. Revenue rose 9.9 per cent YoY to INR 1,820.7 crore, driven by strong operational performance and high capacity utilisation. Solar cell manufacturing utilisation reached 94 per cent, while solar module capacity stood at 77 per cent during the quarter. As of June 30, 2025, the company held a strong domestic order book of 5,545 MW valued at INR 8,603 crore. Of this, 60 per cent is allocated to solar modules, 39 per cent to solar cells, and the remaining 0.6 per cent to EPC services. Also read: Next-gen solar panels built for Rajasthan heat...
Emirates Global Aluminium today announced the successful hatching of 143 critically endangered Hawksbill turtles at the company’s Al Taweelah beach during this year’s nesting season. This brings the total number of hatchlings recorded near EGA’s operations to 7,643 since EGA began its turtle conservation efforts in 2011. The Hawksbill turtle is the only critically endangered sea turtle species known to nest along the UAE’s coastline. Throughout the season, EGA’s Sustainability team closely monitors nesting activity, safeguards turtle nests from predators and marine debris, and provides care for any injured or ill turtles found along the shore. Some 118 nests have been laid on the beach next to EGA’s operations since the monitoring programme began. Earlier this year, EGA released seven...
Brussels has stopped watching from the sidelines. As the global metals trade grows more asymmetric and carbon commitments face real-world constraints, the European Commission’s decision to implement surveillance on scrap metal imports and exports has moved far beyond being a regulatory formality to a high-stakes chess move in an escalating global scrap tussle. Image for referential purposes only On July 23, 2025, the European Commission launched an official customs surveillance mechanism to monitor all EU-bound and outbound flows of steel, aluminium, and copper scrap. Though presented as a data-gathering initiative under the Steel and Metals Action Plan (SMAP), this policy shift is anything but passive. It is a direct response to growing export leakages, tightening scrap availability...
Chinese spot alumina prices held steady across China's five key alumina-producing regions on July 25, while buying activity slowed as most downstream primary aluminium smelters turned cautious towards spot purchases. The same day, domestic alumina futures prices plunged during the nighttime trading session after earlier gains. Mysteel assessed spot prices for smelter-grade alumina with purity exceeding 98.6 per cent unchanged in Shandong, Henan, Shanxi, and Guizhou provinces and in the Guangxi autonomous region, within a range of RMB 3,195 per tonne (USD 446 per tonne) to RMB 3,315 per tonne on Friday. In the derivatives market, alumina futures on the Shanghai Futures Exchange (SHFE) weakened during Friday's nighttime session. The most-traded September contract slumped by 6.3 per cent by...
The world primary aluminium production seems to have withstood all the recent hurdles like escalating trade tensions, raw material costs, and supply chain disruptions with a decent growth rate of 1.4 per cent year-on-year in the second quarter of 2025. Albeit a slower than in 2024, the growth in the world’s primary aluminium production in Q2 2025 was largely encouraged by the bullish aluminium price trend on the London Metal Exchange, ranging between USD 2,499 per tonne and USD 2,593 per tonne. However, the increased LME alumina (Platts) price reaching above USD 363 per tonne dampened the mood of primary aluminium producers slightly, offsetting the output volume. Nonetheless, the world primary aluminium production closed the H1 with a Y-o-Y hike, amounting to 36.459 million tonnes versus...
The Indian aluminium sector continues to strengthen its domestic momentum with a strategic collaboration. Vdeal System Limited, a specialist in electric panels, industrial automation, process instrumentation and industrial IoT solutions, has secured a significant order from National Aluminium Company Limited (NALCO), India’s leading integrated bauxite, alumina, aluminium and powder producer, for the supply of a TTA panel. The partnership will see the electrical equipment manufacturer supplying auxiliary Type Tested Assembly (TTA) panels to NALCO’s plant power system under a domestic contract valued at approximately INR 1.63 crore (USD 196,386). The order is scheduled for completion by January 21, 2026. This collaboration not only supports the operational efficiency of NALCO but also...
India's Free Trade Agreement (FTA) with the UK, signed with hopes of unlocking duty-free market access, has come under fire from trade experts and industry leaders for omitting carbon tax exemptions. This omission, according to the Global Trade Research Initiative (GTRI), could undermine Indian exports worth USD 775 million annually, including key commodities like aluminium, steel, fertiliser, and cement, starting in 2027. GTRI founder Ajay Srivastava said, "From January 2027, the UK can impose carbon taxes on Indian steel and aluminium, even as we grant UK goods duty-free access. That's a serious asymmetry." The UK plans to roll out its own Carbon Border Adjustment Mechanism (CBAM), following the European Union's lead, to tax high-carbon imports. This border levy will apply to sectors...
For those who see motorcycles not just as machines but as masterpieces, the Bandit9 x Ducati 821 is your next rideable obsession. Initially commissioned by a San Francisco-based collector, this project reflects a deep appreciation for Van Daryl Vincente Villanueva, the Founder and Design Chief of Bandit9 and his visionary approach to motorcycle design, marking a refined evolution of the atelier’s craftsmanship and a redefinition of two-wheeled engineering. Image source: bandit9.com Built upon the foundation of the discontinued Ducati Monster 821, the latest creation reimagines the original naked motorcycle through a distinct, monolithic design language. Every panel and surface has been meticulously redesigned and handcrafted, resulting in a seamless, sculptural form. The body features...
The London Metal Exchange (LME) aluminium prices on Friday, July 25, closed the week hitting a four-month high. The prices hiked by USD 10.5 per tonne or 0.39 per cent to settle at USD 2,656.5 per tonne and USD 2,657 per tonne, driven by more optimistic demand outlook in China and tightening global supply conditions. Market sentiment also improved as traders closely followed developments in US-China trade negotiations, raising hopes for a potential boost in industrial metal demand. On the same day, 3-month bid price and 3-month offer price also gained USD 7.5 per tonne or 0.28 per cent to halt at USD 2,655.5 per tonne and USD 2,656 per tonne. As per the LME aluminium price graph, December 26 bid price and December 26 offer price surged by USD 10 per tonne or 0.37 per cent to peg at USD...
Overwhelmed! Domestic primary aluminium billet supply has been caught up in production cuts since June. Since June, low domestic and overseas inventories have sparked a market "cornering" trend, with spot aluminium prices surging and nearly reaching the RMB 20,000 per tonne mark. Image for representational purposes only The sustained high aluminium prices have suppressed consumption, coupled with a stronger off-season atmosphere downstream, leading to weak end-use demand across various sectors. Aluminium billet destocking has been sluggish, resulting in an inventory buildup turning point. Aluminium billet processing fees have "plummeted" amid already challenging conditions, with the supply-demand pattern gradually collapsing. Some consumption regions have even witnessed "zero processing...
