Copper could climb towards USD 16,000 per tonne over the next six to 12 months, while aluminium may offer a shorter-term trading opportunity following its recent correction, according to Navneet Damani, senior group vice-president and head of research for commodities and currency. Speaking on BusinessLine’s Trending Commodity Picks programme, Damani said copper continued to benefit from supply constraints and demand from emerging industries, while aluminium’s price trajectory had been influenced by fluctuations in energy costs and changing supply conditions. Damani said aluminium had climbed from around USD 3,100 to USD 3,600 per tonne earlier in 2026, supported by increases in electricity, crude oil and coal prices. The metal subsequently corrected towards USD 3,300 per tonne, although...
China recorded the highest reported bauxite price among five major markets in the third quarter of 2026, at USD 90 per tonne, while the USA had the lowest assessment at USD 77 per tonne. India, Australia and Germany recorded prices of USD 82, USD 80 and USD 79 per tonne, respectively, highlighting regional differences in bauxite procurement costs. The USD 13-per-tonne gap between China and the USA reflects differing regional price assessments. However, the available data does not establish the precise contribution of individual factors or indicate whether prices rose or fell compared with the previous quarter. China tops regional bauxite price rankings China's bauxite price of USD 90 per tonne placed it at the top of the five-market comparison. Its substantial alumina refining industry...
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Shares of Goa Carbon Ltd, a leading Indian manufacturer of calcined petroleum coke (CPC), a crucial raw material for the aluminium and steel industry, surged by 9.4 per cent on Thursday during trading on the Bombay Stock Exchange (BSE), reaching an intraday high of INR 762.5 per share. The rally followed the company’s announcement that its Bilaspur unit in Chhattisgarh had resumed normal operations. Calcined petroleum coke plays a vital role in refining aluminium and producing graphite. It is primarily used in the manufacture of carbon products such as graphite electrodes and anode arcs. Additionally, it is widely utilised in steelmaking, non-ferrous metal production, and aluminium smelting, making it a critical component across these industries. Reason behind the growth The rise in Goa...
On Sunday, December 15th, Chalco's Investment Management Department conducted a preliminary design review for the alumina energy-saving and efficiency-enhancing upgrade project at Chinalco Shanxi New Materials. The review, which was done in collaboration with the Finance, Science and Technology Innovation, and Safety, Environment, and Health Departments, required a team of experts to conduct the design review. Image Source: Flickr (Jorge Sá) The experts unanimously approved the preliminary design, signifying a significant milestone in advancing this key project. During the project review meeting, representatives from Shenyang Al-Mg Design and Research Institute and Henan Huahui Design Institute presented the preliminary design. The design covered various aspects including the project...
Near the conclusion of 2024, leading Norweigan aluminium and renewable energy company Norsk Hydro (NHY.OL) unfurled its decision to halt investment in its green hydrogen and battery business while slowly but steadily concluding these businesses' operations in the coming years. Image source: https://www.hydro.com/en/global/media/ "Hydro has a solid foundation to capture the long-term value creation opportunities in the aluminium market. To accelerate and elevate our position as the leading provider of low-carbon, high-value aluminium solutions, we are sharpening focus on strategic capital allocation, launching a new improvement program aimed at 2030 and pushing forward profitable growth throughout our value chain, all while continuing to deliver strong returns to our shareholders," said...
Chinese enterprise State Power Investment Corp. (SPIC) sparked excitement at the beginning of the calendar year as it announced a heavy-duty alumina refinery to be established in Guinea. The newest project was announced after it successfully carried out bauxite production in the West African country for the past three years. The plant, with its massive structural planning, has the potential to become the country's biggest preceding production to the only other refinery of Russian-owned United Co. Rusal Friguia's refinery, which has the capacity to produce at least 600,000 tonnes a year. SPIC will start the construction in March and complete the refinery that will have the capacity to produce 1.2 million tons of alumina per year by the end of 2027, the presidency said in a statement. "The...
GLE Scrap Metal Inc., a leading processor and trader of ferrous and nonferrous scrap, has acquired an interest in Mallin Cos. Inc., a Kansas City, Missouri-based scrap recycler. Mallin Cos. a fourth-generation family enterprise with 96 years of operation, runs two aluminium wire recycling lines in Kansas City. Image Source: GLE Scrap Metal The acquisition became effective on December 31, 2024. Both companies are family-owned businesses with rich histories in the recycling industry. The companies state that their longstanding collaboration has fostered a "wonderful working relationship" grounded in shared values and a mutual passion for growth in the recycling industry. They believe this new partnership will enable Mallin Cos. to achieve synergies that enhance competitiveness and reinforce...
Aluminium production, one of the most energy-intensive metal industries, poses a nerve-wracking challenge for global mitigation efforts. A recent study published by Nature sheds light on the evolving dynamics of greenhouse gas (GHG) emissions in the aluminium sector and highlights the urgent need for innovative technologies and policy interventions to achieve net-zero goals. Despite advancements in technology, such as the adoption of more efficient and higher amperage cells, the proportion of aluminium production powered by fossil fuel-based captive power units rose from 37 per cent in 2012 to 49 per cent in 2021. The study reveals that retiring these power plants ten years ahead of schedule could reduce emissions intensity by 5.0–10.5 tonnes of CO2 equivalent (tCO2e) per tonne of...
With consumer preferences increasingly prioritising sustainability, transparency, and efficiency, aluminium is gaining prominence as the material of choice due to its recyclability, lightweight nature, and ability to maintain product quality. Image Source- Tropical Water As per the latest update, Florida-based MSPFLA, Inc., has formed an exclusive distribution partnership with Caribbean Food Services in St. Thomas, US Virgin Islands, to wholesale its eco-friendly Tropical Water brand across the USVI (U.S. Virgin Islands). Overall, the aluminium packaging industry saw consistent growth in 2023. Packed in reusable aluminium cans, this partnership supports USVI's conservation efforts by providing the local community, island visitors, retail outlets, and resorts with a sustainable alternative...
The New Year 2025 is expected to deliver strong financial and operational performance for Press Metal Aluminium Holdings Berhad, a Malaysia-based aluminium company with extensive global reach, thanks to the rising demand from China and reduced raw material costs due to increased alumina supply. According to a report from UOB Kay Hian (UOBKH) Research, the resurgence in aluminium demand from China due to the economic stimulus package is set to substantially boost aluminium consumption, including that from Press Metal, leading to estimated business growth. Projected alumina price ease in the near future owing to increased supply from the resumption of Rio Tinto’s Australian refineries and new capacities in China, India, Guinea, and Indonesia will also support Press Metal’s profitability....
India's bauxite mining sector reports growth in the non-ferrous segment, accounting for 23.93 million tonnes of output in FY 2023-2024. Production until April 2024 has been 86 thousand tonnes greater Y-o-Y. Since the past five fiscal years, bauxite mining has seen an overall steady boost, reflecting a cumulative 23.69 million tonnes of output during FY 2018-2019, with a slight decrease of 21.82 million tonnes during FY 2019-2020 and 20.38 million tonnes in FY 2020-2021. Production again picked up, with 22.49 million tonnes in FY 2021-2022 and 23.84 million tonnes in FY 2022-2023. The data pulled out from the Ministry of Mines of the Government of India shows that bauxite tops the chart for total ferrous and non-ferrous mineral production in India. To enhance bauxite mining operations, the...
Aviation Materials Co., Ltd. has announced a capital injection of RMB 60 million into Hexing Aviation Materials using its funds. Following the investment, the company’s shareholding in Hexing Aviation Materials is expected to reach 34.1655 per cent. Hexing Aviation Materials specialises in the research and production of high-strength, high-precision aluminium alloy materials and related products, catering primarily to the nuclear industry, aerospace, and other advanced sectors. This capital increase will raise the registered capital of Hexing Aviation Materials by RMB 4.982 million, fully subscribed by Aviation Materials Co., Ltd. The capital increase aims to strengthen the company’s portfolio of advanced aluminium alloy products while boosting the production capacity and profitability of...
According to the International Aluminium Institute, Asia & Africa region produced 1.164 million tonnes of alumina (metallurgical + chemical) in November 2024. While metallurgical-grade alumina output was 1.135 million tonnes, chemical-grade production was 29,000 tonnes. Compared to the previous month, the metallurgical-grade alumina production in November recorded a drop of 5.18 per cent from 1.197 million tonnes, in tandem with the fall in daily average output from 38,600 tonnes to 37,800 tonnes. However, on a year-on-year basis, Asia & Africa’s alumina production registered a growth of 1.16 per cent from 1.122 million tonnes. In November, Asia & Africa’s metallurgical-grade alumina production accounted for 9.8 per cent of the world’s 11.508 million tonnes of output, compared to 10 per...
An Indian microcap entity dealing in the aluminium product business has recently reached a new 52-week low, with its share price dipping to INR 8.92 (USD 0.10) on January 2, 2025. IGC industries' such stock performance has nudged shareholders to follow the 'strong sell' advice of the analysts and advisors. This decline hints at the company's perennial downfall, which has seen its stock underperform the sector by 5.1 per cent day-on-day. During the past 7 days, the entity has witnessed a recurring fall, finally coming down to a total descent of 29.64 per cent. The company's performance over the past year has been extremely poor, experiencing a significant decline of 84.18 per cent. In contrast, the Sensex has gained 9.39 oer cent during the same period. Additionally, the company has...
Waaree Energies Ltd., India's largest solar PV module manufacturer and a prominent player in the global energy transition, has announced securing an order to supply solar modules for a major 150 MW renewable power project. According to a company statement, the contract involves delivering Waaree's flagship high-efficiency Glass N-type Topcon bifacial modules, rated at 585/590 Wp. Renowned for their durability, superior energy output, and cutting-edge technology, these modules are a key feature of the project. The order comes from a renowned customer specialising in the ownership, development, and operation of renewable energy projects in India. Waaree, which operates an NABL-accredited testing lab to ensure the highest quality standards, stated that the execution of this project will...
Recently, Shanghai Metals Market (SMM) proffered a critical piece where the aluminium industry sat across the table, witnessing its own SWOT analysis. 2024 has been an eventful year, and the industry insights indicate a similar trend for 2025. The entire aluminium value chain, from the raw material, i.e. bauxite, to the end-user products like aluminium-made mobile cases, laptop chassis and vehicle bodies, has gone through vigorous and eventful turmoil to shape the industry as it is today and as it hints to be tomorrow. 2024's performance in a glimpse According to International Aluminium Insititute's data, from January 2024 to November 2024 — 125.66 million tonnes of metallurgical alumina and 8.113 million metric tonnes of chemical alumina were produced worldwide. Primary aluminium...
Gravita India Limited is one of the leading global recycling companies known for its expertise in recycling aluminium scrap, used batteries, and lead scrap. More recently, it saw a surge of 3 per cent in its stock during the day's trade. Why the 3% surge The reason behind this stock surge can be attributed to the announcement of the launch of commercial production of recycled aluminium alloys at its new facility in Ghana, West Africa. Operated by its step-down subsidiary, Recyclers Ghana Limited, the plant boasts an initial annual recycling capacity of 4,000 metric tonnes (MTPA) in Phase I, with plans to expand to 8,000 MTPA in future phases. The company has invested approximately INR 6.75 crore in the facility, financed through internal accruals. The plant will process domestic aluminium...
VR Infraspace Limited, an Indian-based company engaged in the construction and development of residential and commercial properties, has experienced a 5 per cent increase in stocks following its announcement to acquire a 70 per cent stake in Daxon Aluminium Private Limited for only INR 56,000 (US$653.11). Upon the announcement, the company’s shares rose to INR 302.30 (US$3.53) per share from its previous closing price of INR 287.95 (US$3.36) per share. After the completion of the acquisition, which is scheduled in February 2025, Daxon Aluminium, the producer of aluminium tubes, coils, foils, and extrusions, will become a subsidiary of VR Infraspace, complimenting the latter’s diversification goals into aluminium manufacturing. Specialised in residential projects offering luxurious living...
The SMM aluminium market has clocked a growth of RMB 100 per tonne to settle at RMB 19,770 per tonne as of today (January 2, 2025). The prices have grown in all the regions, with the highest in Gongyi and Shenyang, where it has gained RMB 110 per tonne to settle at RMB 19,770 per tonne and RMB 19,880 per tonne. In Linyi the price has surged by RMB 100 per tonne to reside at RMB 19,920 per tonne. On the same day the prices in Foshan and Wuxi have added RMB 80 per tonne to halt at RMB 20,050 per tonne and RMB 19,770 per tonne. In other regions like Hangzhou, Chongqing and Tianjin, the prices have grown by RMB 70 per tonne to settle at RMB 19,790 per tonne, RMB 19,920 per tonne and RMB 19,840 per tonne. The domestic price of low carbon aluminium has hiked by RMB 78 per tonne to arrive at RMB...
JSW MG Motor India on the first day of the year has declared a 55 per cent upsurge in sales at 7,516 units in December 2024, Y-o-Y (sales last year was close to 3400 units in December). The company has witnessed recor-breaking Electic Vehicles (EV) sales in December and NEV (new energy vehicle) sales which contributed towards over 70 per cent of the all-out sales with its crossover utility vehicle Windsor selling a blockbuster number of 3,785 units. This new year sales statement was provided by JSW MG Motor India through an official statement. "Going forward, we will maintain our growth momentum while driving continuous disruption and innovation. We are committed to introducing new products every six months, alongside delivering exceptional customer service," the spokesperson conveyed....
