India's aluminium market is expected to record stronger demand in the second quarter of FY2026-27, with consumption estimated to reach 1.735 million tonnes, a 6 per cent increase from the corresponding period last year, according to Hindalco Industries Ltd. Growth is being driven primarily by demand from the automotive and electrical sectors, highlighting the expanding role of aluminium across key industrial applications. Hindalco's Q2 FY2027 presentation estimates Indian aluminium demand at 1.735 million tonnes, compared with 1.643 million tonnes in Q2 FY2026. The latest estimate also represents a recovery from the 1.427 million tonnes recorded in Q1 FY2027. Domestic aluminium supply and imports increase Domestic primary aluminium supply is estimated at 735,000 tonnes in Q2 FY2027,...
Sampat Aluminium Limited reported a net profit of INR 47.4 million (USD 502,121) for the half year ended September 30, 2026, supported by a non-recurring gain of INR 57.1 million (USD 604,875) from the sale of old plant and machinery. The company's revenue from operations increased to INR 1,250.9 million (USD 13.25 million) from INR 811.4 million (USD 8.60 million) in the corresponding period last year. However, its profit before exceptional items and tax declined significantly, highlighting the impact of the machinery sale on reported earnings. The company's profit before exceptional items and tax stood at INR 5.887 million (USD 62,363), compared with INR 62.5 million (USD 662,079) in the first half of the previous financial year. After including the exceptional gain, profit before tax...
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The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd has received the certification as a “Great Place to Work” by the independent analysts at Great Place to Work in Sri Lanka. The USA headquartered Great Place to Work® is the global authority on building, sustaining and recognizing High-Trust, High-Performance CultureTM at workplaces. The Lanka based Swisstek Aluminium, which commenced its journey in 2009, obtained this credential based on the ample ratings delivered by its employees in anonymous surveys conducted by Great Place to Work Sri Lanka. A great workplace is one where employees, no matter at what designation and their job profile towards the organization, have a consistently positive experience of trusting their leaders,...
The downstream sector of the global aluminium industry has been witnessing some amount of investment for expansion this week. Jindal aluminium stated that it will boost up capacities by around 50% primarily across the extrusions vertical. The German wind portfolio of European Energy will supply the production facilities of 595 Solutions in Germany under - the agreement which amounts to 80 gigawatt-hours annually and will span over five years. According to a recent report, Hydro Extrusion Argentina S.A. in Pilar will be certified by Aluminium Stewardship Initiative against the Performance Standard Certification. The plant will be the first aluminium extrusion facility in the country to be certified against the ASI Performance Standard. To know more:...
The aluminium smelters entail a raw material that enables the perfect chemical balance through the complicated procedure of converting alumina to aluminium metal. The booming aluminium sector of Australia primarily relies on China to keep the smelters running. The nation is the largest aluminium-producing region without a domestic AIF3 production capacity. Ian Levy, the Executive Director of ABx Group stated, “The federal government appreciated the importance of AIF3 post-war when it created Comalco, now owned by Rio Tinto.” “Currently some smelters are experiencing significant challenges because of container shipping delays for chemicals and other specialist raw materials,” says Levy. “Imagine a bakery without the smallest thing: yeast. Without it, you can’t make the bread. It’s the same...
Some of the news that created a buzz in the global primary aluminium market this week included record aluminium pricing claimed by South32 for metal produced at its South African smelter Hillside. But the company struggled to clear a backlog of the metal due to port congestion in both South Africa and Mozambique, where it has a smelter. The company said it was working on alternate strategies to mitigate a capital increase as a result of larger inventories in the second-quarter production report released today. To know more: https://www.alcircle.com/news/south32-reports-record-breaking-prices-for-south-african-aluminium-75447 The aluminium company in Cameroon is presently sorting out with a group of three European financial institutions to recapitalize Cameroon Aluminium Company (Alucam),...
A team of Chinese business investors are in Nigeria to build a world-class aluminium profiles facility in Lagos to support the restriction towards the high rate of fake aluminium products. As per our report, the promoters of the new firm following the establishment of the aluminium factory will deliver jobs to around 100 young local Nigerians for a good career beginning. The newly employed Nigerians will be trained for six months on the latest upgraded technologies in aluminium designs by Chinese expatriates, who are scheduled to arrive in the nation shortly. However, it has been stated that the state of the art machines have been already ordered for installation while operations have been billed to start in August 2022. The investors said, “Similar factories were established in Abuja and...
Both LME aluminium cash (bid) price and LME official settlement price trended up throughout the week, starting at US$3,044 per tonne and US$3,044.50 per tonne on Monday, January 24. On Tuesday, January 25, LME aluminium cash (bid) price and LME official settlement price rose 60 per cent to come in at US$3,063 per tonne and US$3,064 per tonne, respectively. On Wednesday, January 26, LME aluminium cash (bid) price and LME official settlement price further surged to close at US$3,092.50 per tonne and US$3,093 per tonne. On January 27, the prices settled even higher at US$3,106 per tonne and US$3,107 per tonne, and finally closed the week at US$3,108 per tonne and US$3,110 per tonne, respectively. 3-month bid price and 3-month offer price moved up from US$3,029 per tonne and US$3,031 per...
The foundry in the German town of Soltau, G.A. Röders has announced that it is pleased to be working with other climate-conscious companies to develop the first hydrogen-powered crucible melting furnace for aluminium. Now, this aspiring project, costing a total of more than €3 million, is being supported by the Ministry of Economics and Climate Protection with funding of €1.5 million, while G.A. Röders will receive €140,000 of the amount. Gerd and Andreas Röders, the two Managing Directors reported, “In addition, we as a foundry will ourselves invest around €150,000 to be able to operate even more energy- efficiently. With the hydrogen-powered furnace, we as G.A. Röders want to become pioneers in our industry for climate protection." It has been also confirmed that within the scope of...
The aluminium sector, which has played a vital role in India's V-shaped economic rebound, has asked for the cess on coal to be removed from the Union Budget, which will be delivered on Tuesday, in order to cut increasing electricity costs for manufacturers. In addition, the NITI Aayog has raised the issue of high power costs for Indian aluminium production, resulting in a competitive disadvantage compared to foreign competitors. The coal cess alone accounts for 20% of the cost of extracting coal. As a result, India is one of the most costly countries to manufacture coal-based power, despite having a comparative edge in coal reserves. The coal cess has been raised many times, from Rs 50 per MT to Rs 400 per MT. Currently, coal cess contributes to the higher electricity cost burden, raising...
In Africa & Asia (ex-China), alumina production in December 2021 stood at 1.166 million tonnes, reflecting an increase of 4.67 per cent month-on-month. In November, alumina output in Africa & Asia (ex-China) came in at 1.114 million tonnes, up by 2.20 per cent from 1.090 million tonnes. On a year-on-year calculation, Africa & Asia’s alumina output in December 2021 stood 6.29 per cent higher than 1.097 million tonnes. From October to December 2021 (Q4), alumina production in Africa & Asia (ex-China) totalled 3.37 million tonnes, an increase of 0.60 per cent from 3.35 million tonnes in Q3 2021 and 6.98 per cent higher than 3.150 million tonnes in Q4 2020. In the entire year of 2021, alumina production in Africa & Asia amounted to 13.174 million tonnes, up by 6.28 per cent from 12.395...
The aluminium billet inventories in China moved up by 34,700 tonnes week-on-week across five major consumption areas. As a result, the inventories clocked at 211,600 tonnes, as of Thursday, January 27. Inventories increased in each of the five major markets. Most of the rise came from inventories in Foshan and Wuxi, which increased by 14,600 tonnes and 12,600 tonnes, respectively, representing 15.48% and 33.78% week-on-week increases. On the eve of the Chinese New Year, the downstream virtually came to a halt, resulting in slow transactions. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, the aluminium inventories grew by 14,600 tonnes to score at 108,900 tonnes. In Wuxi, inventories escalated by 12,600 tonnes to peg at...
Golkonda Aluminium Extrusions, which was formerly known as Alumeco India Extrusion Ltd has reported its standalone financial results for December 2021 quarter with an 83.87% downfall in net profit to INR 0.10 crore as against INR 0.62 crore during the existing quarter ended December 2020. The company has reported a total income of INR 0.218 crores during the period ended December 31, 2021, as compared to INR 0.412 crores during the period ended September 30, 2021. The company has posted a loss of INR 0.103 crores for the period ended December 31, 2021, against a net loss of INR 0.244 crores for the period ended September 30, 2021. On 22nd August 1988, Golkonda Aluminium Extrusions was originally incorporated under the name of Progressive Aluminium Limited, with an annual capacity to...
According to the Shanghai Metals Market estimates, China’s aluminium production in January 2022 will drop by 2.6 per cent year-on-year to come in at 3.19 million tonnes. The daily average output will be 103,000 tonnes, up 600 tonnes month-on-month. The proportion of aluminium liquid in smelter’s product portfolio is estimated to be 64.1 per cent in the said month, down by 1.4 percentage points month-on-month but up by 0.8 percentage point on the year. On the other hand, the operating aluminium capacity has continued to increase in January. A total of 530,000 tonnes of aluminium capacity has been put into operation across Wenshan in Yunnan, east Inner Mongolia, Guizhou, and Shanxi. But the output released was low in the said month. As of January 28, 2022, the domestic operating aluminium...
The developer of the world-class Minim Martap bauxite project in Cameroon, Canyon Resources Limited has appointed Nfon (Traditional Chief) Ekoko Mukete as a Non-Executive Director of Canyon’s wholly-owned subsidiary company Camalco Cameroon S.A. Nfon Ekoko Mukete is the ‘Paramount Ruler’ of the Bafaw tribe in the southwest region of Cameroon. Furthermore to Nfon Mukete’s tribal position, he is also an experienced and successful businessman in Cameroon with exposure across various industries and sectors. The Nfon has a B. A (Hons), Development Economics (University of East Anglia, Norwich U.K). The family of Ekoko Mukete has also made valuable private investments in Cameroon, including interests in MTN Cameroon, the nation’s largest mobile phone network provider. Mukete, as a former Group...
According to the US Geological Survey (USGS), the United States imported 10,200 tonnes of US aluminium plates, sheets and bars from China, showing a month-on-month descend of 4,700 per tonne or 31.54%. In September 2021, 14,900 tonnes of US aluminium plates, sheets and bars were imported from China, showing a steep downfall of 5,100 tonnes from 20,000 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from China in October 2021 ascended by 2,430 tonnes or by 31.27% from 7,770 tonnes in October 2020. From January to October, the imported aluminium plates, sheets and bars from China pegged at 124,000 tonnes. For the same period last year, the amount closed at 97,200 tonnes. As per the data shared by the USGS, the total amount of aluminium...
On Thursday, January 27, Ball Corporation announced its full-year 2021 net earnings attributable to the corporation of $878 million or $2.65 per diluted share. That was an increase of 50 per cent from $585 million net earnings or $1.76 per diluted share in 2020. Sales recorded in 2021 were $13.8 billion compared to $11.8 billion a year ago. Ball’s full-year 2021 comparable net earnings were $1.16 billion or $3.49 per diluted share, in contrast to $987 million or $2.97 per diluted share in 2020. In Q4 2021, Ball’s net earnings attributable to the corporation were $297 million or 90 cents per diluted share on sales of $3.7 billion. Comparable earnings per diluted share were 97 cents versus 81 cents in Q4 2020. John A. Hayes, chairman and chief executive officer, said: "We delivered a strong...
On Thursday, January 28, the average alumina spot price in China has remained unchanged to close at RMB 3,143 per tonne, found the Shanghai Metals Market. In provinces like Shandong and Guizhou, the price has remained restrained to close at RMB 3,145 per tonne and RMB 3,020 per tonne. For the same day in Henan and Shanxi, the price has been recorded at RMB 3,170 per tonne and RMB 3,155 per tonne. In Guangxi and Lianyungang the price stood at RMB 3,060 per tonne and RMB 3,000 per tonne. In Bayuquan, the price has been registered at RMB 3,050 per tonne. The A00 aluminium ingot price has moved up by RMB 210 per tonne to score at RMB 21,650 per tonne. The average price for the same has closed at RMB 21,630 per tonne and RMB 21,670 per tonne, with spot contract to be traded at a premium price...
The recycling rate of aluminium beverage cans needs to be amplified across Europe to attain the set targets for the year 2030. European Aluminium and Metal Packaging Europe (MPE), the two of the European industry associations are emphasizing this in light of the figures revealed for 2019. The recycling rate for aluminium beverage cans in the European Union, Switzerland, and Norway are at 75.8%, while Iceland demonstrated a marginal drop from the existing year by remaining at 76.10%. The industry associations in March 2021 presented a collaborated roadmap focused on increasing the recycling rate of beverage cans to 100% all around Europe by 2030. However, MPE and European Aluminium count that recycling rates for beverage cans need to be augmented further with some additional effort. This...
LME aluminium opened at US$3,093 per tonne on Thursday and closed at US$3,100.50 per tonne, an increase of $0.50 per tonne or 0.02 per cent. On Thursday, January 27, LME aluminium cash (bid) price and LME aluminium official settlement price grew by US$13.50 per tonne and US$14 per tonne, respectively, to come in at US$3,106 per tonne and US$3,107 per tonne. 3-month bid price and 3-month offer price moved up by US$15.50 per tonne and US$16 per tonne to stand at US$3,095 per tonne and US$3,096 per tonne. December 23 bid price and December 23 offer price also closed higher at US$2,823 per tonne and US$2,828 per tonne. LME aluminium opening stock decreased from 835000 tonnes to 823525 tonnes. Live warrants and Cancelled warrants for the same day came in at 450250 tonnes and 373275 tonnes. LME...
