Vedanta Limited and Vedanta Aluminium Metal Limited (VAML) have posted their best second quarters (Q2) yet. Vedanta Limited’s Q2 2026 profit reached INR 6.2 billion (USD 651.22 million). Vedanta Aluminium reported profit after tax of INR 6.2 (USD 649.64 million), alongside an 83 per cent rise in EBITDA and record quarterly aluminium production of 649,000 tonnes. Here is how the Q2 FY27 metrics break down, entity by entity, and how they stack up when compared with each other. Vedanta Limited Q2 FY27: Financial performance Vedanta Limited reported an improved half-yearly performance with higher quarterly revenue, EBITDA and profit over the corresponding period of FY2026. Financial highlights: H1 2027 and Q2 FY27 vs H1 2026 and Q2 FY26 Revenue: H1 revenue at INR 492.68 billion, up 54 per...
Ghana Bauxite Company Limited (GBC) has appointed Ecobank Ghana PLC to arrange up to USD 250 million in financing for its expansion programme, which aims to increase bauxite production and improve mining and logistics infrastructure. The parties signed the agreement in Accra on October 28, 2026. Ecobank will structure the proposed financing and coordinate participation from other banks and financial institutions. The package includes a term loan and a revolving credit facility to cover capital investment and working capital. The funds are expected to support investments in mining equipment, haulage capacity, materials-handling systems and other infrastructure at GBC’s Awaso operations in the Western North Region. Explore the production, demand and consumption forecasts of bauxite and...
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On December 17, 2024, Chevron, one of the world's leading integrated energy companies with a presence in Australia for over 70 years, Chevron Australia announced that it will supply aluminium producer Alcoa with 130 petajoules of natural gas over a 10-year period starting in 2028. Chevron Corporation is an American multinational energy corporation specialising predominantly in oil and gas. According to Chevron Australia's statement, the gas will be sourced from its Gorgon and Wheatstone facilities, which have a combined capacity of 530 terajoules per day, and the North West Shelf Venture, all located in Western Australia. As reported by Reuters, Alcoa confirmed that the gas will power its alumina refineries in Western Australia. In 2020, Alcoa secured gas supply agreements with Chevron,...
According to a recent report, ten European Union member states have jointly appealed for stricter sanctions on Russian metals, including aluminium. The demand is led by Poland, who will assume the rotating presidency of the European Union Council from January 2025. Poland joins the Baltic States, Denmark, Ireland, Romania, Sweden, the Czech Republic, and Finland. This initiative aims to curtail Russia’s revenue from metal exports since it is a critical source of income after fossil fuels. Poland is playing a prominent role in it as it is expected to prioritise support for Ukraine. Currently, the European Union has sanctions on some specific Russian aluminium products like wire, pipes, and foil, which account for less than 15 per cent of the bloc’s total metal imports. Like the United...
The 2024 (22nd) China Business Leaders Annual Conference, hosted by China Entrepreneur magazine, took place in Beijing. Among the distinguished speakers, Zhang Bo, Chairman and CEO of China Hongqiao Group, delivered the opening keynote speech. In recognition of his leadership and impact, Zhang Bo was named one of the "25 Influential Business Leaders of 2024," an accolade awarded by China Entrepreneur. The four-month selection process considered multiple perspectives and evaluated the business performance and social impact of leaders from top companies across various industries over the past year. The selection criteria spanned a broad spectrum, encompassing business achievements, strategic vision, innovation, and social responsibility. The selection of Zhang Bo is a testament to his...
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Middle East and the world's largest smelter ex-China with a production of more than 1.548 million tonnes per annum has achieved several milestones in 2024 and marked many crucial benchmarks for the entire global aluminium industry. From enhancing its Industry 4.0 transformation and entering into strategic partnerships for new ventures to attaining 25 million safe working hours without lost time injury (LTI) and robust profit, Alba has outperformed in all spheres. Image Source: Aluminium Bahrain (Alba) Key milestones achieved In May 2024, Aluminium Bahrain launched a new low-carbon aluminium product line called EternAl with two variants: EternAl-30 and EternAl-15. As the names suggest, they have 30 per cent and 15 per cent...
The World Bank identified aluminium as the 'high-impact, cross-cutting metal'. As a result, today's world intensely competes over securing bauxite ore, the raw material used to produce aluminium. "I read... that every clay bank was a mine of aluminium and that the metal was as costly as silver. I soon after began to think of processes for making aluminium cheaply," said Charles Martin Hall, an American inventor, businessman, and chemist. He is best known for his invention in 1886 of an inexpensive method for producing aluminium. This process was also discovered at nearly the same time by the Frenchman Paul Héroult, and it has come to be known as the Hall–Héroult process. Henceforth, the demand for non-ferrous metal, which was once even pricier than gold, has seen continual growth. Guinea...
As a global mineral and agricultural equipment manufacturer, McLanahan's recent collaboration with a leading mining company has become a key driver behind the expansion of a bauxite project in Queensland. This collaboration has been instrumental in enhancing production performance at a major mining operation in Queensland, increasing its bauxite project capacity to an impressive level. McLanahan's innovative solutions, including the wobbler feeder and cross-belt sampling system, are at the heart of this success. They are engineered to efficiently and precisely tackle the specific challenges of bauxite processing. Peter Bone, Regional Manager of Wet Processing at McLanahan, said, “McLanahan worked collaboratively with the mining company and its engineering partner to investigate solutions...
Owing to the continual growth in Thailand's premium beer segment, the country's second-largest brewer, Chang, has strengthened its market position as it launches its unpasteurised beer in an innovative screw-top aluminium bottle. Image Source: https://x.com/jitTang5/ (Credit: สาธุ ทานตะวันของคุณชา) This launch, the result of a strategic collaboration with Thai Beverage Can Co. Ltd., marks the debut of Thailand's first-ever screw-top aluminium bottle in the beverage industry. The innovative packaging offers advantages like reusability, contents' temperature stability as compared to conventional cans, and a 100 per cent recyclablility. Speaking at a recent press conference, Songwit Sritham, ThaiBev's first vice president and chief of its beer business, emphasised that this grab-and-go...
The Madhya Pradesh State Government in India has allocated land to multiple companies to transform the state into a manufacturing hub, particularly for solar aluminium frames, PV modules, cells, ingots, wafers, etc. Numerous proposals have been received from manufacturers of solar PV modules, cells, and other solar panel components to establish production facilities in the state. Image Source: www.flickr.com (Credit- Jeffrey Pohlmann) Madhya Pradesh Chief Minister Mohan Yadav recently distributed land allotment letters for various solar manufacturing projects in the Mohasa-Babai industrial area of the Narmadapuram district. Among the beneficiaries, Ahmedabad-based Grew Energy received 60 acres to develop a PV cell and module facility, with a proposed investment of INR 2,540 crore (USD 305...
Iran's major state-owned holding company, IMIDRO, which is active in the mining sector, reported that the country's four aluminium smelters produced 400,425 tonnes of aluminium ingots during the first eight months of the Iranian calendar year starting March 20, 2024. This marks a decrease compared to the 419,573 tonnes produced during the same period last year. South Aluminium Corporation (SALCO) was the nation's top aluminium producer, producing an impressive 162,459 tonnes of ingots. Following SALCO, Iranian Aluminium Company (IRALCO) produced 115,624 tonnes, while Almahdi Aluminium Company contributed 99,954 tonnes. Iran Alumina Company rounded out the list with a production of 22,388 tonnes of ingots. The only producer of alumina powder in the nation, Iran Alumina Company achieved...
As the negotiation continued for Japanese aluminium shipment premiums for the first half of 2025, some buyers have agreed to pay less than what was offered by global producers at the end of November 2024. According to a Reuters report, the amount agreed upon by Japanese buyers is $228 per tonne, down by 0.87-12 per cent from the previous offered price of $230-260 per tonne . However, despite the decline, it is the highest premium since 2015 and 30 per cent more than the premium for the ongoing quarter of $175 per tonne. The latest premium for Q1 2025 has also reflected an increase for the fourth consecutive quarter. "Although Japanese domestic demand remains sluggish, we settled at $228 due to overseas supply risks and the possibility that prolonged negotiations could push prices even...
The natural gas supply to the Pinjarra alumina refinery in Australia, which has an annual production capacity of 4.7* million tonnes, has been unexpectedly disrupted on December 10, 2024. This interruption caused a power outage and a substantial caustic soda spill at the facility. However, full production capacity is expected to be restored within 7-10 days. Independent news and insight into energy, industry and climate in Western Australia, Boiling Cold reported that a company spokesperson stated the incident disrupted process flow, and clean-up operations for the spills began promptly. Image credit: Pinjarra Paceway Information credit: SMM; Boiling Cold *https://www.alcoa.com/australia/en/pdf/refining-pinjarra-fact-sheet.pdf
Honda is celebrating 25 years of hybrid-electric vehicle sales in North America, a milestone that began with the introduction of the revolutionary ‘Honda Insight’. Image Source: www.hondanews.eu As the first Honda hybrid-electric vehicle sold in Canada, the Insight established a foundation for the company’s electrification strategy, which now sees hybrid-electric vehicles accounting for over 30 per cent of Honda brand sales in Canada. Core models such as the Civic, Accord, and CR-V are powered by the award-winning two-motor hybrid-electric system, continuing Honda’s commitment to efficiency and sustainability. First - generation Honda Insight and aluminium excellence Launched in December 1999, the first-generation Honda Insight was a groundbreaking vehicle designed specifically as a...
This week, the upstream aluminium industry has seen the release of several significant reports that have the potential to reshape market dynamics and improve operations across all sectors, including bauxite, alumina, and primary aluminium. For instance, Boddington bauxite mine life to be extended, US crude and dried bauxite imports uptick in Q3 2024, China’s metallurgical grade alumina production sees a growth in November, Russia-origin aluminium share in LME-approved warehouses increases, and a dip in the United States’ Q3 primary aluminium production and scrap recovery. The United States crude and dried bauxite imports continued to increase sequentially in the third quarter of 2024, driven by Turkey with a significantly increased supply of the ore, even higher than the same period of...
The United States imports of aluminium plates, sheets and bars stood below 100,000 tonnes for the two consecutive months in the third quarter of 2024, resulting in a dip in the total import volume through Q3. According to the US Geological Survey, the imports of aluminium plates, sheets and bars totalled 300,600 tonnes, significantly down by 11.33 per cent from 339,000 tonnes in Q2 2024. However, annually, imports in Q3 2024 showed a rise of 25.25 per cent from 240,000 tonnes. Also from the first quarter of this year, the import volume stood 3 per cent higher than 291,800 tonnes. It is to be noted that despite the sequential fall in Q3, the import volume stood above the mark of 300,000 tonnes. In September 2024, the country imported 94,100 tonnes of aluminium plates, sheets and bars...
The globally diversified mining and metals company headquartered in Perth, Western Australia, South32, anticipates securing state approval for its Worsley Alumina's bauxite mine life extension project from Western Australia later this month, with federal approval expected in early 2025. This resulted from a successful appeal of an earlier decision by the Western Australian Environmental Protection Authority (EPA). While the EPA had recommended the project for approval, it imposed conditions that South32 deemed excessively stringent for managing environmental risks, arguing they would pose substantial operational challenges. South32 owns 86 per cent of Worsley Alumina, with 10 per cent held by Japan Alumina Associates (Australia) Pty Ltd and the remaining 4 per cent held by Sojitz Alumina...
Shares of NALCO saw a sharp decline of over 7 per cent on Thursday, December 12, dropping to their lowest point of the day. Answering to the question of why several key factors have weighed in on this nationally and internationally. The primary trigger appears to be the movement in alumina prices, a critical raw material for aluminium production. NALCO, being one of the leading players in the alumina market, is particularly sensitive to these transnational price fluctuations, especially as the state-run company sells a significant portion of its alumina on the open market. Post alumina prices surge from US$600 to US$820 per tonne in the past few months, they have cooled off recently to around US$700 per tonne contributing as a major factor to this decline. There is also the reduced demand...
On Thursday, December 12, Constellium SE, a Paris-based rolled and extruded aluminium products company, announced the successful completion of the "ISA3" R&D project, which brings a lightweight solution to automotive design. Image Source: LinkedIn The project started in 2021 with a grant from the France Relance investment program and in partnership with Renault Group, ESI Group, the Institut de Soudure (Welding Institute), and the University of Lorraine. Upon completion, Constellium has set a benchmark in designing automotive aluminium components that are lightweight, cost-efficient, and recyclable. The significant development in this project is a lightweight aluminium door, using Constellium's uni-alloy 6xxx rolled and extrusion-based solutions. Owing to the design and use of lightweight...
In partnership with Ball Corporation, the world's leading manufacturer and supplier of innovative, sustainable aluminium packaging for beverage, personal care, and household products, Dabur India, a 135-year-old Indian multinational consumer goods company, has reportedly launched Réal Bites juice in fully recyclable aluminium cans in India. Image Source: FoodTechBiz Réal Bites juice, part of Dabur India's Réal fruit juice brand, is a new range of fruit beverages that offers a drinking experience with real fruit chunks in every sip. Available in three delightful flavours – peach, pineapple, and green apple- Réal Bites is an ideal choice for consumers looking for a healthy and flavourful on-the-go beverage option. For convenience to carry, the drink is packaged in 185-ml aluminium cans. The...
