Vedanta Aluminium reported record quarterly production across aluminium, alumina and value-added products in Q2 FY27, supported by capacity expansion and efficiency improvements. Vedanta Aluminium Metal Limited, India’s largest aluminium producer, recorded its highest-ever quarterly aluminium production of 649,000 tonnes in Q2 FY27, up 5 per cent year on year from 617,000 tonnes in Q2 FY26. Aluminium output also increased 3 per cent quarter on quarter from 632,000 tonnes in Q1 FY27. For the first half of FY27, production reached a record 1,281,000 tonnes, up 5 per cent from 1,222,000 tonnes in H1 FY26. The company attributed the increase to new smelter volumes and efficiency improvements across existing production lines. Alumina output jumps 37 per cent Vedanta Aluminium’s alumina...
Bauxite is the starting material for alumina refining and primary aluminium production, but its route from mine to refinery is rarely as simple as a labelled shipment moving from one country to another. Unlike fabricated metal products, bauxite is usually traded as a loose bulk mineral. It is loaded into stockpiles, trucks, rail wagons, barges and bulk carriers, often passing through multiple handling points before reaching an alumina refinery. This logistics model keeps transport costs low for a high-volume commodity, but it also makes mine-level origin difficult to establish. The key question for traders, refiners and downstream buyers is therefore not only about where a cargo was loaded but where the ore was actually mined and whether that origin can be traced and documented along the...
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The United States aluminium scrap imports from Mexico dropped by 2,400 tonnes or 15.58 per cent month-on-month, standing at 13,000 tonnes during November 2022, found the US Geological Survey. In October 2022, the country’s import from Mexico was 15,400 tonnes; however, up by 8.45 per cent or 1,200 tonnes from 14,200 tonnes. On a year-on-year calculation, the United States aluminium scrap imports from Mexico slowed down by 15.58 per cent or 2,400 tonnes from 15,400 tonnes. But despite the year-on-year fall in monthly imports, the United States total imports of aluminium scrap from Mexico during January-November grew by 2,000 tonnes to 192,000 tonnes, compared with 190,000 tonnes a year ago. USGS data indicates the United States aluminium scrap imports from Mexico will most likely record a...
On February 10, 2023, the only Greek producer of flat-rolled aluminium products , ElvalHalcor, received 2nd place in the "Best Company" category award during the Award Ceremony of the "Business Awards HRIMA 2022". As a result, it has reaffirmed its distinct position among companies that support the Greek economy and contribute to the growth of the Stock Exchange market. This distinction underlines ElvalHalcor's explosive growth, especially in light of the opportunities presented by the megatrends of urbanisation, the circular economy, and energy transition concerning the rising demand for cutting-edge, environmentally friendly products and services made of copper and aluminium. Spyros Kokkolis, ElvalHalcor's Chief Financial Officer, stated, while accepting the award on behalf of the...
Shanghai Metals Market survey found the average operating rate in the aluminium wire and cable sector dropped 5.9 percentage points month-on-month and 0.6 percentage point year-on-year to 34.4 per cent in January 2023. The average operating rate of large producers lost 9.2 percentage points M-o-M to 38.5 per cent, and that of mid-sized producers fell 4.3 percentage points to 29.3 per cent, while small producers remained stable. The operating rates decline of wire and cable producers in January could be attributed to the production halt for the Chines New Year Holiday. But some producers reported having continued operation in advance for deliveries in February, resulting in in-plant inventory growth with falling orders from the power grid sector. In January, the operating rates of wire and...
The largest aluminium producer in India, Vedanta Aluminium, hosted the first edition of the International Aluminium Conference 2023 (IAC 2023) held on February 9-10, 2023 at its operations in Jharsuguda, Odisha in partnership with the Aluminium Association of India, concluded with a high hope by bringing India closer to become the "Aluminium Capital of the World". As India's leading business-to-business platform dedicated to the aluminium manufacturing value chain, the International Aluminium Conference facilitates collaboration among stakeholders in the aluminium manufacturing industry. Rahul Sharma, the CEO of Vedanta Aluminium Business, said, "We are delighted to have hosted some of the world's most innovative minds, experts in the metal & manufacturing field, and key players in the...
To ensure a sustainable and consistent supply of Rio Tinto's Responsible Aluminium products to Japanese downstream manufacturers, global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed to the first sale under the new strategic Collaboration Agreement. A significant Japanese motorcycle manufacturer committed to decreasing carbon emissions throughout its supply chains and production process purchased the first batch of Rio Tinto's RenewAl™ high-purity aluminium from the sustainably powered New Zealand Aluminium Smelters (NZAS). "We are excited to be a part of the first producer-trading house marketing partnership focused on delivering sustainability throughout the aluminium supply chain. Consumers want to know more about the products they buy...
According to the Shanghai Metals Market, the average alumina spot price in China has dipped for the second day in a row by RMB 3 per tonne to stand at RMB 2,946 per tonne on Thursday, February 16. On a week-on-week calculation, the price is down by RMB 4 per tonne from RMB 2,950 per tonne on February 9, but stands 0.44 per cent or RMB 13 per tonne higher than RMB 2,933 per tonne on January 16. In Guangxi and Shandong, alumina spot price has decreased by RMB 10 per tonne and RMB 5 per tonne, respectively, to settle at RMB 2,870 per tonne and RMB 2,920 per tonne as of Thursday, February 16. But in other major provinces like Henan, Shanxi, and Guizhou, the price has remained restrained at RMB 2,995 per tonne, RMB 2,975 per tonne, and RMB 2,880 per tonne. On the other hand, the Australian...
LME aluminium opened at US$2,414 per tonne on Wednesday and closed at US$2,388 per tonne, a decrease of US$19.5 per tonne or 0.81 per cent. On Wednesday, February 15, both LME aluminium cash bid price and LME official settlement price dropped by US$22.5 per tonne or 0.94 per cent and US$24 per tonne or 1 per cent to halt at US$2,366.50 per tonne and US$2,367 per tonne. 3-month bid price and 3-month offer price slipped by US$27 per tonne or 1.11 per cent to peg at US$2,392 per tonne and US$2,393 per tonne. December 24 bid price and December 24 offer price decreased by US$28 per tonne or 1.08 per cent and 1.07 per cent to settle at US$2,560 per tonne and US$2,565 per tonne. LME aluminium opening stock came in at 602150 tonnes. Live warrants and Cancelled warrants scored at 453700 tonnes and...
The Indian multi-national company involved in the forging and automotive components manufacturing, Bharat Forge's overseas business posted an EBITDA loss of INR 62 crore in the December quarter (Q3FY23) on new product issues related to the capacity increase of aluminium forging capacity in Germany and the United States. The EBITDA loss of overseas subsidiaries in the September quarter (Q2FY23) was INR 34.1 crore. The management does anticipate that this new capacity will stabilise in FY24 and enjoy good margins at 75-80 per cent utilisation. Bharat Forge said, "Overseas businesses continue their journey to profitability with a focus on improving capacity utilisation, cost optimisation, price increases and cost reimbursement for customers." Due to rising expenses, the company's...
A contract signed between Hydro Alunorte and Wave Aluminium to construct a plant in Brazil that will process bauxite residue (red mud) to recover commercially valuable materials is expected to be operational by 2024. The facility will be constructed in Hydro Alunorte alumina refinery in Pará, Brazil. The proposed red mud processing facility will initially be able to treat 50,000 tonnes of bauxite residue annually using a novel mix of disruptive technologies. The new method will transform bauxite refuse into a resource and has demonstrated success in laboratory tests. "The preliminary results are highly promising and indicate a revolutionary scenario for the global aluminium industry when converting residue into products," stated Gustavo Emina, CEO of Wave Aluminium. After the bauxite...
Global aluminium aerosol cans shipments by AEROBAL members have recorded an increase of 6.8 per cent for 2022 to nearly 6 million units. AEROBAL is an international organisation representing manufacturers of aluminium aerosol cans. According to AEROBAL, the growth in shipments was mainly due to the increase in demand from the pharmaceutical, hairspray, shaving foam and other personal care sectors by 13 per cent, 17 per cent, 14 per cent and 42 per cent, respectively, compared to the prior year. Demand from the volume-dominant deodorant and perfume market also grew, although at a slower rate, by 4 per cent. Overall, the personal care market accounted for about 82 per cent of the total deliveries in 2022. Going by the geography, shipments to South and North America grew 6 per cent,...
Vedanta Limited cut its aluminium ingot and aluminium products prices by INR 3,500 per tonne on Tuesday, February 14. That brought the company’s aluminium ingot price to INR 227,750-258,250 per tonne versus INR 231,250-261,750 per tonne on February 7. With the latest cut, Vedanta’s aluminium wire rod price came in at INR 235,250-242,750 per tonne, also down by INR 3,500 per tonne from INR 238,750-246,250 per tonne last week. The company’s aluminium billet price stood at INR 236,750 per tonne compared to INR 240,250 per tonne on Friday, February 7. Vedanta reduced its aluminium ingot and aluminium products prices in response to the three-month futures of aluminium on the London Metal Exchange. On Monday, February 13, the LME aluminium benchmark price plunged by US$52.50 per tonne to stand...
Hydro entered the year 2022 amid a strong aluminium market but soon was dominated by a devastating war in Europe, an energy crisis, inflation, and a global economic slowdown, including a significant fall in demand. But amid all this, the company succeeded in delivering record results for the year, as posted in its annual report. On Tuesday, February 14, Hydro posted a 38.94 per cent Y-o-Y hike in revenue from NOK 149,654 million to NOK 207,929 million in the annual financial and operational report for 2022. According to the company, their strong cost position and high prices of aluminium helped them earn higher revenue in 2022 than the previous year. Hydro’s net income from continuing operations surged by 75.03 per cent from NOK 13,930 million in 2021 to NOK 24,381 million in 2022....
One of North America’s fastest-growing and leading producers of aluminium billet and slab, Matalco, announced the completion of its new facility in Franklin, Kentucky. The new facility began operations in December 2022 and is known for producing aluminium ingot slabs from secondary aluminium. With a capacity to manufacture 135,000 tonnes annually, the new factory was built by Matalco for around $65 million. According to Matalco, the business is considering purchasing more machinery to increase the yearly capacity to 176,000 tonnes. Matalco is an independent secondary aluminium billet maker with its corporate headquarters in Brampton, Ontario. Furthermore, the Ontario-based aluminium billet manufacturer claimed that it sourced secondary aluminium from Triple M Metal and its current...
Taural India, located in Pune, Maharashtra founded by a young entrepreneur Bharat Gite in 2016 to create aluminium casting solutions that could replace imported products in the sectors like defence, energy, healthcare, railways, and aerospace. India has attained the list to become the world's second-largest aluminium producer. Still, imports account for 60 per cent of total domestic demand, which includes aluminium castings, other than extrusions, rolled aluminium, aluminium foils, and other downstream products. According to Bharat, however, fewer Indian aluminium casting companies use sand casting technology to produce aluminium alloys in which liquid metal is poured into chemical sand moulds. Currently, these products are imported from countries like China, Europe, etc. In 2014, Bharat...
Golden Aluminum Inc.'s recycling-based aluminium rolling mill in Fort Lupton, Colorado, USA, received the ASI Chain of Custody (CoC) Standard V1 (2017) Certification. The certification covers rolling, finishing, and coil coating activities, processes, and procedures. It also includes its block casting technique. In June 2022 , the facility received ASI Performance Standard Certification. To create rolled aluminium coils, the factory remelts both primary and recycled aluminium and changes the liquid metal using its unique casting process. Bureau Veritas Certification conducted an impartial, unbiased audit of the Golden Aluminum Inc. facility. "We warmly congratulate Golden Aluminum Inc. on achieving ASI CoC Certification for its Fort Lupton rolling mill. Responsible sourcing of material...
After touching a 5-week low on Monday, February 13, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$7.50 per tonne and US$8.50 per tonne the next day to stand at US$2,389 per tonne and US$2,391 per tonne, as of February 14. But the 3-month bid price and 3-month offer price continued to record a drop by US$4 per tonne from February 13 to settle at US$2,419 per tonne and US$2,420 per tonne on February 14. December 24 bid price and December 24 offer price declined by US$10 per tonne or 0.38 per cent to come in at US$2,588 per tonne and US$2,593 per tonne, respectively. LME aluminium opening stock accumulated 24,825 tonnes to close above 600,000 tonnes. As per the data, the LME stock stood at 601,600 tonnes. Live warrants increased to 454,300 tonnes,...
China's A00 aluminium ingot price has grown by RMB 30 per tonne following yesterday's decline. However, in a W-o-W context, the price has marked a downfall of RMB 570 per tonne. The price as of today rested at RMB 18,490 per tonne, with the average prices likely to range between RMB 18,470 per tonne and RMB 18,510 per tonne, with the spot contract price likely to be traded at a discount price of RMB 50 to RMB 10 per tonne. The price in Foshan has gone up by RMB 40 per tonne to halt at RMB 18,500 per tonne, followed by a rise of RMB 30 per tonne in Gongyi and Linyi, where the prices have closed at RMB 18,400 per tonne and RMB 18,540 per tonne. In Chongqing, the price has moved up by RMB 20 per tonne to stop at RMB 18,500 per tonne. On the other hand, in provinces like Shenyang, the price...
On February 9, 2023, the National Employment Fund (NEF) and the Australian mining company Canyon Resources' Cameroonian subsidiary Camalco engaged in developing the project to explore the Minim Martap bauxite deposit in the Adamaoua region, inked a partnership agreement in Yaoundé. André Henry, the Director General of Camalco, said, "We intend to be close to the NEF so that precisely when we want to start the work and hire, we can rely on them to have qualified employees." The NEF will have to provide Camalco with its database of job seekers when the time comes to facilitate the recruitment of skilled labour for the Minim Martap project within the framework of this collaboration. Whenever Camalco's human resources requirements change, the mining operator should contact the NEF. Initially,...
