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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China's annual aluminium output increased by 4.8% from the previous year to a new high of 38.5 million tonnes in 2021, according to government statistics released on Monday, despite energy consumption restrictions set last year to fulfil climate targets. The National Bureau of Statistics (NBS) reported that primary aluminium output in December was 3.11 million tonnes, up marginally from 3.10 million tonnes in November but down 4% year on year. According to Reuters' calculations, December output was about 100,300 tonnes per day, down from roughly 103,300 tonnes in November - the lowest daily pace since July 2020. "In 2021, we had a strong first half, but the energy shortages and coal problems handicapped the growth. We expect minimal increase in production (in 2022) due to similar reasons....
India’s iconic Aluminium producer, Bharat Aluminium Company Limited (BALCO) apart from setting new benchmarks in the field of production, productivity, research and development, quality and others have also served the society with optimism through its various flagship projects. The momentous contributions of BALCO through its 56 years long developmental journey has led to the development of state and country at large, thus, supporting India in its journey of becoming ‘self-reliant’. Balco’s march towards the contribution of nation development continued with the business operations by adhering to COVID safety protocols during the testing times of the pandemic. Though the organization was also affected by the COVID induced worldwide economic disruptions but the resilience of the aluminium...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, January 15, following a cut in the preceding day. The company grew its aluminium billets price by INR 2,000 per tonne or 0.75 per cent to INR 267,850 per tonne. On January 14, the price stood at INR 265,850 per tonne after being cut by INR 3,500 per tonne. On January 15, Hindalco’s aluminium wire rod price also saw a hike of INR 2,000 per tonne from INR 262,850 per tonne on January 14 to INR 264,850 per tonne on January 15. Aluminium ingot price came in at INR 253,750 per tonne, compared to INR 251,750 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on January 14 grew...
On Monday, January 17, the average alumina spot price in China has opened the week on Monday with an increase of RMB 37 per tonne to stand at RMB 2,899 per tonne, found the Shanghai Metals Market. The average alumina spot price in Guizhou and Guangxi has moved up by RMB 70 per tonne to peg at RMB 2,820 per tonne, for the same day. In Shandong, the price has surged by RMB 40 per tonne to stand at RMB 2,950 per tonne. In Henan and Shanxi, the price has hiked by RMB 35 per tonne and RMB 25 per tonne to register at RMB 2,910 per tonne. On the other hand, in Lianyungang and Bayuquan, the price has remained unchanged to close at RMB 2,965 per tonne and RMB 3,020 per tonne. China’s A00 aluminium ingot price on the other hand has decreased by RMB 90 per tonne to close at RMB 20,900 per tonne. The...
LME aluminium opened at US$2,977 per tonne last Friday and closed at US$2,987 per tonne, an increase of US$9.50 per tonne or 0.32 per cent. On Friday, January 14, LME aluminium cash (bid) price closed at US$2,977 per tonne. LME aluminium official settlement price, on the other hand, settled at US$2,977.50 per tonne, following a decline of US$43 per tonne on the previous day to US$2,960 per tonne. 3-month bid price and 3-month offer price on Friday settled at US$2,978 per tonne and US$2,980 per tonne, respectively. December 22 bid price and December 22 offer price totalled at US$2,745 per tonne and US$2,750 per tonne. LME aluminium opening stock registered at 891550 tonnes. Live warrants and Cancelled warrants stood at 500550 tonnes and 391000 tonnes. LME aluminium 3-month Asian Reference...
The Deputy Minister of Lands and Natural Resources of Akufo-Addo govt. in Ghana, George Mireku Duker, who is in charge of the mining industry in the country, has delivered relief to the workers of Ghana Company (GBC) from the dismay of feasible collapse. He emphasized that the enterprise endeavoured by the government would guarantee the long-term survival of the Company. He said, “The future of the company had been a subject of discussion in the media in recent times after the Company’s major shareholder pulled out.” “The exit of the investor created uncertainties, with some workers threatening to embark on a demonstration if the government failed to come to their aid.” However, the Ministry, in a succession of meetings with the ‘Ghana Mines Workers Union’ and other key stakeholders...
The downstream sector of the aluminium industry has been under the spotlight for a limited but strong number of reasons. To start with, according to a new study, the increased usage of electric vehicles (EVs) in global transportation is good for aluminium producers like Hindalco but negative for steel producers. Global investing company Jefferies forecasts Hindalco's stock price to return around 30% higher than competitor steel makers Tata Steel and JSW Steel for metal equities investors. This was followed by the news of the Bahrain-based Gulf Aluminium Rolling Mill B.S.C ("GARMCO"), the Middle East's first and biggest downstream aluminium facility for rolling, cutting, and fabricating aluminium, announced that it has achieved a definitive agreement with the group of Creditors to assure...
On 14 th January 2022, a spokesperson from Europe’s largest aluminium smelter, Aluminium Dunkerque in France stated that the company is not scheduling to regulate further production following the contemporary curbs, as it anticipates for government subsidy on energy prices to enforce. The smelter has curtailed its aluminium production by 15%, allying several other aluminium facilities in Europe is diminishing production, a counter towards towering energy prices that have dented margins for the energy-intensive aluminium industry. The spokesperson also added that no fresh curbs were chalked out. Meanwhile, the aluminium smelter right now will not resume the idled production units given that the French Govt. relief is due to be implemented from April 2022. On 13 th January 2022, the...
Some of the important news spotted in the global primary aluminium industry this week included the valuation of Lochaber aluminium smelter scaled up by £100 million, which was acquired from Rio Tinto Alcan and a very small amount was further invested. The news came on Monday, January 10, after the liberal, federalist political party in Scotland, Scottish Liberal Democrats asserted that Sanjeev Gupta’s GFG Alliance comprehended the valuation. To know more: https://www.alcircle.com/news/lochaber-aluminium-smelters-valuation-scales-up-by-100-million-while-gfg-alliance-investment-remains-little-scottish-liberal-democrats-74343 According to another report, Tomago Aluminium is compelled to prepare numerous backup plans for the supply of crucial materials to keep the country's largest aluminium...
National Aluminium Company Limited (NALCO) continued to increase its aluminium ingot and aluminium products prices for the second time in a row, with effect from Friday, January 14. The company’s aluminium ingot price saw a rise of INR 2,100 per tonne to a range between INR 249,550- 253,050 per tonne. A week ago, on January 7, NALCO’s aluminium ingot price was raised by INR 9,100 per tonne to stand at INR 247,450- 250,950 per tonne. On January 14, NALCO’s aluminium wire rod price came in at INR 252,050- 256,400 per tonne, up by INR 2,1000 per tonne as well from INR 249,950- 254,300 on January 7. The company’s aluminium billets price also grew by INR 2,100 per tonne over the week from INR 250,900- 253,550 per tonne to INR 253,000- 255,650 per tonne. NALCO links its aluminium ingot and...
The localities of Tamita and Lisso in the prefecture of Boffa, Guinea has witnessed that the communities are impacted by the exploitation of bauxite by the Chinese company Chalco, as it blockaded access from the port to the conveyor remain camped in their position. The inhabitants did not aspire to change their minds until the company assures the claims raised. Colonel Mamadou Ciré Bah strived to bring both the parties close together. As per our information, during the negotiations, the representatives of the communities had promised to lift the blockades as of 10 am on 13 th January. However, the observation reveals the opposite on the spot. A member of these community representatives confided that at no time did they promise the prefect to lift the barricades. “We did not promise to...
Yamaha marine motors get stainless and aluminium outboard propellers from Vifprop. It provides boat owners with high-quality, long-lasting, and elegant propellers. Yamaha outboard propellers are now available on Vifprop's web site, a firm that specialises in boat propellers. Stainless steel and aluminium are used to make this product. Those outboard propellers, on the other hand, come in a range of sizes. "Propellers help to extract maximum outboard engine power," said the company's manager. It must be installed based on the type of boat and its intended function. Let's imagine you have a black stainless steel prop that comes in two sizes: 10 1/4 x 16 and 10 1/4 x 15. These parts are designed for Yamaha boat engines ranging from 40 to 60 horsepower,” said the manager of the company....
According to the US Geological Survey (USGS), the United States imported 233,000 tonnes of US aluminium crude metals and alloys from Canada in October 2021, showing a month-on-month hike of 32,000 per tonne or by 91.38%. In September 2021, 201,000 tonnes of US aluminium crude metals and alloys were imported from Canada, showing a decline of 18,000 per tonne from 219,000 tonnes in August 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Canada in October escalated by 75,000 tonnes or by 47.46% from 158,000 tonnes. From January to October, the imported aluminium crude metals and alloys from Canada stood at 2,090,000. For the same period last year, the amount registered at 1,990,000 tonnes. As per the data shared by the USGS, the total amount of...
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Friday, January 14, after the four consecutive hikes since January 5, 2022. The company has cut its aluminium wire rod price by INR 3,500 per tonne to INR 262,850 per tonne. On January 13, the product price was at INR 266,350 per tonne after an increase of INR 4,250 per tonne. The latest cut has brought the company’s aluminium billets price to INR 265,850 per tonne, down by INR 3,500 per tonne as well from INR 269,350 per tonne on January 13. Hindalco’s aluminium ingot selling price is standing at INR 251,750 per tonne as of January 14, compared to INR 255,250 per tonne on January 13. Hindalco links its aluminium prices to the three-month future of aluminium on the London Metal...
The defence PSU Yantra India Limited (YIL) is also considering setting foot in the manufacturing of aircraft's parts, typically from producing cartridges and shells for the military previously as a foregoing ordnance factory. The Nagpur, Maharashtra headquartered PSU, YIL was formed after the corporatisation of the ordnance factories in October 2021. The former ‘Ordnance Factory Ambajhari’ comes under YIL aside from seven other facilities. However, as per our industry sources, the company has initiated discussions with Hindustan Aeronautics Limited (HAL) to manufacture parts for both fixed and rotary winged aircraft. It is very much well known that certain components of the aircraft are predominantly made from aluminium and the factories under YIL have the machinery to execute the process...
According to a recent report, FRECH Group from Schorndorf has acquired ZPF GmbH, Germany-based aluminium melting furnace specialist. As per the report, the negotiations between the two companies were concluded in December, before the Christmas, and there is an excellent perspective for the long-term preservation of ZPF. The parties involved in the negotiations have unanimously agreed that the agreement, which came into effect on January 1, 2022, is based on an excellent concept, and together with FRECH, has resulted in a lot of synergies. The agreement was signed after ZPF GmbH had to open insolvency proceedings in November 2021 as its orders in the automotive industry got postponed due to multiple production stoppages. ZPF GmbH was formed in 2013 from the insolvency of the predecessor...
Kaiser Aluminum Corporation (NASDAQ:KALU) stated today that its Board of Directors has declared a quarterly cash dividend of $0.77 per share, up 7% from the previous quarter's payout. The dividend will be paid on February 15, 2022 to stockholders who were on the books on January 24, 2022 at the close of business. “The Board’s decision to authorize an increase in the quarterly dividend reflects confidence in the long-term outlook for our business and opportunities to continue to create value for our shareholders,” said Keith A. Harvey, President and Chief Executive Officer. “We have built a strong diversified portfolio from which to support secular demand growth in each of our served markets and a platform for planned capital investments to further strengthen our competitive position,...
According to the Shanghai Metals Market, the average alumina spot price in China has increased for the fifth day in a row by RMB 13 per tonne to stand at RMB 2,862 per tonne as of Friday, January 14. In Guangxi, alumina price has hiked by RMB 30 per tonne to come in at RMB 2,750 per tonne, while the price in Shandong and Henan has grown by RMB 10 per tonne to RMB 2,910 per tonne and RMB 2875 per tonne, respectively. In Shanxi and Guizhou, alumina spot price has also seen a rise of RMB 10 per tonne to close the week at RMB 2,885 per tonne and RMB 2,750 per tonne. However, the Australian alumina FOB price has remained restrained, following a rise of US$1 per tonne on the previous day to US$346 per tonne, found SMM. China’s A00 aluminium ingot price, on the other hand, has decreased by RMB...
