With only 10 per cent of globally traded alumina changing hands on the spot market, Hindalco is moving its tenders online in an effort to strengthen the evidence behind benchmark prices. For a commodity market where a relatively small number of transactions can influence prices across a much larger pool of long-term contracts, the quality of the underlying data matters. That is the challenge facing alumina, and Hindalco is now testing whether digital trading infrastructure can help address it. Hindalco is expected to conduct its first digital tender for metallurgical-grade alumina on Metalshub before the end of 2026. The physical cargo sold through the tender may be only part of the significance of the transaction. The more important outcome could be the structured market data generated...
Aluminium du Maroc reported a 31 per cent year-over-year increase in H1 2026 net income to MAD 41.0 million (USD 4.11 million), even as consolidated revenue declined to MAD 603.7 million (USD 60.55 million) from MAD 650.1 million (USD 65.21 million). The Moroccan aluminium producer’s results point to a stronger profitability performance despite weaker top-line activity. Net income rose from MAD 31.3 million (USD 3.14 million) in H1 2025, while operating income also increased by 23 per cent to MAD 77.2 million (USD 7.74 million), according to AlphaMena. Profit growth outpaces revenue The divergence between revenue and profit was the key feature of Aluminium du Maroc’s H1 2026 performance. Revenue declined by around 7 per cent year over year, while net income increased by nearly one-third....
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According to information provided by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of aluminium ingot increased in Iran during the first half of the current Iranian calendar (March 21–September 22) by 23 per cent when compared to the same period in the previous year. As per the data from IMIDRO, 318,091 tonnes of aluminium ingot were produced in the first half of this year compared to 259,574 tonnes during the same period last year. The first half of the current year saw South Aluminum Corporation (SALCO), one of the nation's four major producers, perform best, producing 137,351 tonnes of aluminium ingots. Iranian Aluminum Company (IRALCO) produces 88,111 tonnes, and Almahdi Aluminum Company produces 74,543 tonnes. And Iran Alumina...
Aircraft interior solutions provider Bucher has consigned the first set of fully customized galleys and stowages to Airbus Toulouse for their integration into the new Virgin Atlantic A330-900neo. However, on 16 th October 2022, the airline took delivery of the first aircraft. The Crawley, UK-headquartered Virgin Atlantic Airways is a repeating customer for Bucher. In 2011, Bucher placed the order for the first generation A330 for Virgin Atlantic. Again, Virgin Atlantic selected Bucher as its airline's 'Buyer Furnished Equipment' (BFE) partner for the follow-up order. As the industry leader in sustainable materials and processes, Bucher's galleys are made up of 65% recyclable aluminium and are backed by a team of specialized engineers. Virgin Atlantic stated, "Bucher is known for its high...
According to the data published by a significant Iranian state-owned company active in the mining sector, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) that the nation's alumina production has leapt by two per cent in the H1 of the current Iranian calendar year (March 21-September 22), against the same period in 2021. The IMIDRO’s data reveals that the alumina powder output in the six months of this year was 118,845 tonnes, while the figure was 116,192 tonnes in the same period of the previous year. However, the organization has formerly recorded alumina powder production growth by 11 per cent in Q1 2022 from the first quarter of 2021. Alumina powder production reached 62,291 tonnes in the first three months of 2022, compared with 55,974 tonnes in...
On Tuesday, October 18, Aluminium Stewardship Initiative (ASI) announced the joining of Ningbo Tuopu Group Co., Ltd. as its new Production and Transformation member. The primary areas of focus for Ningbo Tuopu Group Co., Ltd. include automotive power chassis, trim systems, intelligent driving control systems, and other sectors. “Tuopu has been committed to sustainable development, promoting energy conservation and emission reduction, building a green factory, and achieving the “double carbon” goal. After joining ASI, it will conscientiously perform the responsible production, responsible procurement and corporate governance of aluminum products, and make greater contributions to promoting the sustainable development of the aluminum industry”, said Wang Bin, the CEO of Ningbo Tuopu Group....
On Tuesday, October 18, China’s A00 aluminium ingot price dropped by RMB 190 per tonne to settle at RMB 18,310 per tonne, with the average prices ranging between RMB 18,290 per tonne and RMB 18,330 per tonne. The spot contract price is expected to be traded at a discount price of RMB 30 per tonne to a premium price of RMB 10 per tonne. The price in Shenyang has decreased by RMB 210 per tonne to rest at RMB 18,340 per tonne. On the same day, Chongqing and Tianjin closed at RMB 18,420 per tonne and RMB 18,360 per tonne after experiencing a price cut of RMB 190 per tonne. On the same day, prices in Foshan, Wuxi and Hangzhou dropped by RMB 170 per tonne to stand at RMB 18,370 per tonne, RMB 18,320 per tonne and RMB 18,350 per tonne. In Linyi and Gongyi, the prices dipped by RMB 150 per tonne...
The aluminium conglomerate in the Middle-east region, Emirates Global Aluminium (EGA), with interests in bauxite, alumina and primary aluminium smelting, has diagnosed millions of dirhams of annual procurement spending are accounted on imported goods, that the aluminium producer counts be manufactured domestically, thus contributing to the UAE's Operation 300bn industrial growth strategy and economic growth. Typical opportunities include general materials, industrial equipment, and spare parts commonly needed across industries but not currently manufactured in sufficient quantities or at all in the UAE. As part of Operation 300bn, the UAE's strategy to more than double the size of its industrial sector by 2031, EGA aims to localize its procurement of materials further. In 2021, EGA spent...
The gas supply restriction by Russia has propelled the energy prices to surge, resulting in the aluminium smelters slashing production, which are big customers for secondary non-ferrous metals. The European metal sector is countering a massive challenge following the Ukraine-Russia geopolitical crisis. The continent's economy is now burdened by another issue, i.e. energy, besides the problems it has known for months, such as poor supply chains and the recent Covid pandemic. Europe has shown little self-sufficiency regarding energy resources over the past few weeks. At least in the short and medium term, wind, solar, and water energy cannot meet the energy demand. For too long, some European countries, notably Germany, have relied on Russian gas - this source is now drying up. As of this...
LME aluminium opened at US$2,301 per tonne on Monday and closed at US$2,214 per tonne, down US$46.5 per tonne or 2.03 per cent. On Monday, October 17, aluminium prices dropped due to large deliveries to warehouses approved by the London Metal Exchange (LME). Both LME aluminium cash bid price and LME aluminium official settlement prices plunged by US$69.5 per tonne or 3.01 per cent and US$69 per tonne or 2.98 per cent to rest at US$2,239 per tonne and US$2,240 per tonne. Russian aluminium has been shunned by consumers, fuelling worries that it may enter the LME system and affect pricing. Additionally, the premium for cash metal over the three-month contract has shrunk due to increased aluminium stockpiles. According to traders, increased aluminium inventories may be for deliveries against...
On 16th October 2022, the first Indian-manufactured aluminium goods train rake was flagged off from Bhubaneswar in Odisha. In addition to being lighter than its predecessors, it is also more capable of carrying freight. Besco Limited (Wagon Division) manufactured the aluminium-bodied wagons following an order in 2021 placed by aluminium major Hindalco Industries Limited. It was motivated by Hindalco's team headed by Mr Sagar Dhamorikar, Jt. President, and their desire to introduce aluminium in wagon manufacture, Besco, led by Mr Anant Tantia, along with the company's dedicated design and production team, led by Mr Goutam Banerjee, General Manager, completed the project within the 15-month schedule. It consists of one full rake of 61 wagons and 01 Brake Van. According to our report, these...
The Sestriere Scandium bike by Spoon Customs, built by hand in Italy from triple-butted Dedacciai Scandium and 7005 aluminium tubing, was unveiled at the London Bespoke Handmade Bike Show. According to the manufacturer, the new model will allow for a personalised build for each rider and can be assembled into a complete bike equipped with Zipp 303 S wheels and SRAM Rival eTap. Despite its exotic name, Dedacciai's tubing contains only 0.1 per cent to 0.15 per cent of scandium, with aluminium making up most of the alloy followed by zinc and magnesium. Due to its relative ease of welding and ability to require less expensive heat treating, the 7005 wrought aluminium alloy is used in bicycle frames. However, it is harder to form, making manufacturing more challenging. ‘The big brands have...
Established in 1989, the Midlands-based Kestrel Aluminium Systems Limited has been taken over by German building envelope specialist Schüco Group. The company with 6330 employees and 40,000 partners in more than 80 countries, Schuco Group’s subsidiary Schuco UK has acquired Kestrel Aluminium Systems and Kestrel Powder Coating from the firms’ directors Steve Shute and Jane Gibson. Kestrel supplies aluminium extrusions for shopfronts, doors, curtain walling, windows, and glazed roofs. In addition to providing products to the commercial and domestic markets, the company also deals with fabricators, specifiers, and contractors. Schüco Group develops and sells aluminium, steel, and PVC-U building envelope solutions. Schuco UK and Kestrel will continue to operate as separate entities, with...
AZ Global Consulting will hold its new Online Global Aluminium Conference from 8 to 10 November 2022, sponsored by Tokai Cobex. This conference focuses on "how we can re-energize for our prosperous and sustainable future. Our sessions and panel discussions centred on green aluminium, sustainability, investment and growth opportunities. This conference will feature an A List of 50 speakers from around the world and across a wide array of industries. It is supported by the International Aluminium Institute, the Aluminium Stewardship Initiative, The Gulf Aluminium Council, The Japan Aluminium association and the Russian Aluminium Association. Attracting people from all over the world to discuss the global aluminium industry and its future, and following the virtual conference's huge success...
Pondy Oxides & Chemicals, one of India's top secondary lead smelters, is planning to build an aluminium recycling/melting facility at its current location in Sriperumbudur, Tamil Nadu. The project is a part of the company's expansion strategy for 2022, with a projected total expenditure of INR 5 crore in plant, machinery and pollution control equipment. The firm has identified a chance to recycle aluminium to expand its range of non-ferrous metals beyond Lead and Copper. In this regard, the company has secured Tamil Nadu Pollution Control Board's Consent for the Establishment to produce 14,750 tonnes per year of aluminium and aluminium alloys (ingots, pellets, molten). Additionally, this would assist the company in satisfying the demand(s) and strengthening its market position. The...
The market research and analysis wing of RHB Malaysia, RHB Research, states that Press Metal Aluminium Holdings Bhd is a vital proxy of sustainable low-carbon producing aluminium smelters. In a recent report to its clients, the research agency said, "This is amid the global decarbonization efforts in limiting coal-fired energy-supplied smelters and the current short supply in the industry." "We still like our sector's top pick, Press Metal, for its capacity-driven earnings upcycle with three-year forward earnings compounded annual growth rate (CAGR) of 26% from 2021. The group's proactive hedging policy should also provide some average selling price protection amid the softness in London Metal Exchange (LME) prices." According to the LME inventory report at the end of September, there...
On Monday, October 17, the average alumina spot price in China went down by RMB 11 per tonne to settle at RMB 2,822 per tonne. The price in Bayuquan has descended by RMB 50 per tonne to come in at RMB 2,925 per tonne. On the same day, in Shandong, the alumina price slipped by RMB 20 per tonne to settle at RMB 2,780 per tonne. In Henan and Lianyungang, the prices slumped by RMB 15 per tonne to record RMB 2,895 per tonne and RMB 2,910 per tonne. In Guizhou and Shanxi, the alumina price dipped by RMB 10 per tonne and RMB 5 per tonne to score at RMB 2,800 per tonne and RMB 2,775 per tonne. Only in Guangxi, the price remained restrained to close at RMB 2,800 per tonne. As per the SMM data, China’s A00 aluminium ingot price dropped by RMB 200 per tonne to settle at RMB 18,500 per tonne, with...
AMAG Austria Metall AG, the leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries, has received the "Effective Sustainability Communicator Award" for the second time successively for its holistic and transparent sustainability reporting. In 2021, this award was presented for the first time due to the increasing importance of sustainability aspects in financial market communications and was already awarded to AMAG last year. All 39 companies of the Austrian ATX Prime Standard were analysed. AMAG was convinced with top scores in its integrative understanding of sustainability and landed in second place overall. Christoph Gabriel, the Head of Investor Relations, accepted the award on behalf of AMAG at the annual conference of...
LME aluminium opened at US$2,330 per tonne last Friday, with its intraday high and low at US$2,393 per tonne and US$2,287 per tonne, respectively, before closing at US$2,290 per tonne, a drop of US$61.5 per tonne or 2.61 per cent. The decline was caused by the growing LME aluminium inventory. On Friday, October 14, both LME aluminium cash bid price and LME aluminium official settlement price declined by US$65 per tonne or 2.73 per cent to settle at US$2,308.50 per tonne and US$2,309 per tonne. On the same day, 3-month bid price and 3-month offer price slumped by US$58 per tonne or 2.45 per cent and US$57.5 per tonne or 2.43 per cent to halt at US$2,302 per tonne and US$2,303 per tonne. On the other hand, December 23 bid price and December 23 offer price hiked by US$66 per tonne or 2.86...
The chairman of En+ Group, Christopher Burnham, stated that the article published by Bloomberg on 12th October 2022 on the US sanctions speculations was ‘irresponsible’. The group’s metal arm is the world’s leading producer of low-carbon aluminium (Rusal) and the most significant independent renewable energy generator. The En+ Group is a multinational organization with over 90,000 employees and 60 assets in 12 countries, including operations in Jamaica, Ghana, Guyana, Ireland, Italy, Germany, Sweden, Ukraine, and Russia. The Group provides aluminium and aluminium alloy to metal products-related companies, major automotive firms, and aerospace and construction organizations in more than 50 countries globally. The chairman commented, “The article is simply wrong. We remain in full...
