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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As per the local government notice, it has been revealed that the world's largest aluminium producer, China Hongqiao Group, which engulfs the entire aluminium industry chain, plans to shift 1.93 million tonnes of aluminium capacity to the Honghe prefecture in southwest Yunnan province. The statement released by the Yunnan industry department, which says that, the Chinese state-owned company that specializes in the production of aluminium lines up to reposition capacity from six projects in its Shandong units to Yunnan Honghe New Material Co via a capacity swap plan. The largest aluminium manufacturer, Hongqiao had committed to displacing around 2 million tonnes of its annual capacity from eastern Shandong province to Yunnan's Wenshan prefecture for smooth access to hydropower, a pristine...
The London Metal Exchange was closed on Monday, December 27, for the Christmas Holiday. On the last day of trading, which was on Friday, December 24, the three-month LME aluminium opened at US$2,845 per tonne and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 per cent. LME aluminium cash (bid) price and LME aluminium official settlement price rose by US$28.50 per tonne and US$30 per tonne, respectively, to come in at US$2,846 per tonne and US$ 2,848 per tonne. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne. SHFE Aluminium Price Trend On Tuesday, December 28, the benchmark aluminium price for SHFE decreased for the third day in a row by US$22 per tonne to total at US$3,102 per tonne. The most-traded SHFE...
On Tuesday, December 28, the average alumina spot price in China slumped by RMB 2 per tonne to close at RMB 2,809 per tonne, found the Shanghai Metals Market. For the same day in Shanxi and Lianyungang, the price has remained restrained to come in at RMB 2,815 per tonne and RMB 2,875 per tonne, respectively. In Bayuquan as well the price has remained unchanged to total at RMB 2,925 per tonne. In Shandong, the price has gone down by RMB 15 per tonne to stand at RMB 2,870 per tonne. In Henan, the price has gone up by RMB 5 per tonne to peg at RMB 2,820 per tonne. The average alumina spot price in Guizhou and Guangxi has climbed down by RMB 10 per tonne and RMB 25 per tonne, for the same day. The prices for the same stood at RMB 2,780 per tonne and RMB 2,700 per tonne. The Australian alumina...
National Aluminium Company Limited (NALCO) significantly hiked its aluminium ingot and aluminium products prices on Friday, December 24. The company’s aluminium ingot price came in at INR 242,550-246,050 per tonne, up by INR 10,600 per tonne or 4.5 per cent from INR 231,950- 235,450 per tonne on December 21. NALCO’s aluminium wire rod price also saw a jump of INR 10,600 per tonne from INR 234,450-238,800 per tonne on December 21 to INR 245,050-249,400 per tonne on December 24. Aluminium billets price range between INR 246,000-248,650 per tonne, compared to INR 235,400- 238,050 per tonne on December 21. NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which from December 21 to December 24, surged by US$152...
The European integrated aluminium producer in Romania, Alro stated that it has accomplished the acquisition of Vimetco Trading from its majority shareholder Vimetco PLC and its subsidiary, Vimetco Management Romanian, to become its sole owner. On 24 th December 2021, while filing a statement with the Bucharest Stock Exchange, BVB, Alro said the deal navigates the company to accomplish the integration of sales activities into the structure of the Alro Group. The accomplished transaction was assessed at the market value of Vimetco Trading, while it will empower Alro to upgrade its synergies between production and sales of finished products. Since 2008, Vimetco Trading has played the role of an agent without any representation of Alro in all worldwide markets of aluminium products. Alro, a...
The Indian government took measures to safeguard the domestic producers from cheap imports from the neighbouring country by imposing anti-dumping duties on five Chinese products, including specific aluminium goods among others. Under a discrete notification of the Central Board of Indirect Taxes and Customs (CBIC), the duties have been imposed on definite flat-rolled products of aluminium among other products. However, these duties were imposed following recommendations from the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The department in separate probes has accomplished that these products have been exported at a price below normal value in Indian markets that has created dumping. The DGTR stated: “The domestic industry has suffered material...
Carlos Pinglo has been named Chief Financial Officer and Corporate Secretary of First Bauxite Corporation ("First Bauxite" or the "Company"), succeeding Ian Fodie. Mr Fodie's services are appreciated, and the Company wishes him well in his future pursuits. First Bauxite is a Canadian mineral exploration and development firm focused on bauxite discoveries in Guyana, South America. The Company's headquarters are in Toronto, and it is led by experienced geoscientists and business development experts who have worked in the exploration and mining industry for a variety of mineral commodities all over the world. Mr. Pinglo will continue to serve as Eurotin Inc.'s Chief Financial Officer and Corporate Secretary. He is an economist with over 20 years of senior management experience in corporate...
The average alumina spot price in China has opened the week on Monday, December 27, slipping by RMB 3 per tonne to come in at RMB 2,811 per tonne, found the Shanghai Metals Market. For the same day in Henan and Shanxi, the price has remained unchanged to stand at RMB 2,815 per tonne, respectively. In Guangxi and Lianyungang as well, the price has remained restrained to peg at RMB 2,725 per tonne and RMB 2,875 per tonne, for the same day. On the other hand in Shandong and Guizhou, the price has gone down by RMB 30 per tonne and RMB 10 per tonne, to close at RMB 2,885 per tonne and RMB 2,790 per tonne, respectively. In Bayuquan as well the price has remained unchanged to come in at RMB 2,925 per tonne. The Australian alumina FOB price has remained the same to clock in at RMB 345 per tonne....
The dynamic reposition in the consumer consumption style in the food and beverages sector, as consumers are tending for takeaway or ready-to-eat food, owing to switching lifestyles and growing disposable incomes, particularly in emerging economies across the world. The foodservice operators offer multiple services such as takeaway and drive-through to cater to the growing number of on-the-go consumers. However, with the surge in working population and rise in urbanizing, these food formats are anticipated to gain acceptance among several consumers. Now with the rise in usage of aluminium foil containers for packaging in the foodservice industry, successively, is predicted to propel the demand for the aluminium foil containers market. The island country in East Asia located in the...
The government of India may ponder slashing import duties on products like aluminium, steel, copper, etc. in the budget to dispense some relief to SMEs that have been heavily impacted by the escalation of input costs, as reported by two industry experts aware of this development. The experts also commented that an announcement on this is anticipated in the upcoming budget. However, no one from the ministry has commented on this as of yet. The import duty of aluminium levies 10% on aluminium, on steel it is 7.5%, copper 5% and polymers 10%. Furthermore, all the mentioned products also attract 18% integrated goods and services tax to offset local levies on the products. The sources also revealed that the taxes may now be dropped further in the budget, with a precise section of metals and...
Three-month LME aluminium opened at US$2,845 per tonne last Friday and closed at US$2,820 per tonne, a decrease of US$28 per tonne or 0.98 percent. LME aluminium cash (bid) price climbed up by US$28.5 per tonneor by 1.01 percent to stand at US$2,846 per tonne, as of Friday, December 24. LME aluminium official settlement price also went up by US$30 per tonne or by 1.06 percent to close at US$2,848 per tonne for the same day. 3-month bid price and 3-month offer price for the same day stood at US$2,841 per tonne and US$2,841.50 per tonne, respectively. December 22 bid price and December 22 offer price hovered around US$2,797 per tonne and US$2,802 per tonne. LME aluminium opening stock registered at 964175 tonnes. Live warrants and Cancelled warrants for the same day stood at 729150 tonnes...
On 6 th January 2022, the Indonesian state-owned company specialized in aluminium smelting, PT Indonesia Asahan Aluminum, commonly known as Inalum will be 46 years old. All it started with a joint venture between the Indonesian and Nippon Asahan Aluminium Co. Ltd., a consortium of Japanese companies with the status of Foreign Investment (PMA) in 1976, Inalum has blossomed rapidly to become the only aluminium smelter in Indonesia. However, on 19 th December 2013 witnessed an important moment, as Inalum was wholly owned by Indonesia with the status of a State-Owned Enterprise (BUMN) after the termination of the contract with a consortium of companies from Japan. Mahyaruddin Ende, Deputy Corporate Secretary, Inalum said: "We have several strategic projects from upstream to downstream and we...
The most vital segment of the global aluminium industry, the downstream division remained highlighted even during the last week and ending days of 2021. The world suffered heavily due to the deadly Covid-19 virus both in 2020 and as well as in 2021. In every corner of the world, the manufacturing industry was hugely impacted by close-downs, lay-offs, etc. The Covid pandemic is still not over, as many variants are emerging and keeping the fear alive. But, our hope remains positive for 2022 for a better world, for a better living. However, coming to the business, the downstream witnessed some major funding and also acquisitions this week. According to the Shanghai Metals Market, aluminium billet inventories in China dropped by 900 tonnes week-on-week across five major consumption areas. As...
Dear Readers, May our charm of readership remains glorified and hope we get to celebrate together many more Christmas in the coming years. While we are approaching the end of the year 2021 and getting ready to welcome 2022, we take this opportunity to share with you the top newsmakers of the industry in 2021. Bauxite Jamalco to initiate public offering (IPO) allowing Jamaicans to invest in the bauxite mining/alumina business company Dr Nigel Clarke, Jamaica's Minister of Finance and Public Service, said on 1 st December 2021 that Jamaicans may soon be able to participate in Jamalco, a bauxite mining/alumina firm, through an initial public offering (IPO). The Government of Jamaica is attempting to incorporate Jamalco and list the Government of Jamaica's 45% ownership in the company on the...
Several news in the primary aluminium industry have made round ups this week, but among them what has gained the most attention is China’s year-high aluminium imports within the 11 months of 2021, as limited domestic aluminium production due to power usage restrictions underpin demand for overseas metal. According to China customs data, arrivals of unwrought aluminium and products, including primary metals and unwrought, alloyed aluminium, recorded a 15-month peak at 397,915 tonnes in November. That was 34 per cent up month-on-month from 297,043 tonnes and 109.3 per cent higher on the year. Total imports in 11 months amounted to 2.97 million tonnes, beating the previous annual record of 2.7 million tonnes in 2020. To know more:...
Noranda Bauxite, Atlantic Alumina and Jamaica Bauxite Mining Limited made public the launch of Operation Discovery Tree, a project with a purpose to proliferate the forested areas in the parish of St. Ann. Operation Discovery Tree will incorporate the development of a tree nursery on selected lands retrieved from bauxite mining near its Water Valley operations, as well as the strategic replanting of trees grown at the nursery to develop forestry areas in the present unforested parts of the region. However, Operation Discovery Tree was commenced to supplement Jamaica’s tree nursery capabilities and to enlarge the positive environmental impacts from Noranda’s ongoing tree planting, greenhouses, aquaponics, and other reclamation initiatives. Noranda Bauxite aspires to break ground on this...
The leading name in India’s importation ground of non-ferrous metal scrap such as aluminium Zorba grades among other scrap metals, Nupur Recyclers has settled the share allotment for its initial public offering (IPO). On 23 rd December 2021, Nupur Recyclers has listed on a premium of 23.33% at the NSE Emerge platform, emerging as the most prominent SME IPO of India in 2021. However, the premiums scaled up to approximately 30% in just a few hours in the later period. The IPO of Nupur Recyclers was opened for subscription during 13 th -15 th December 2021, while it was subscribed for 41.37 times, with bids coming in for 23 crore shares against an offer size of 57 lakh equity shares at a fixed price of INR 60 per equity share. The minimum lot size for investment was 2000 shares and the...
Estonia is considered to be one of the fastest-growing economies in the world, as the country’s Q3 GDP growth of 8.6% Y-o-Y surpassed Europe’s and the world’s average GDP growth of 3.9% and 4.5% respectively. The Northern European nation, Estonia imported 12,768 tonnes of aluminium cans during 2018-20 incurring revenue expenditure of $57.97 million for the import. In 2018, Estonia’s import of aluminium cans was registered at 1156 tonnes, counting expenditure of $6.15 million, whereas, in 2019, the import saw an express growth of 340.74%, as the import volume surged to 5095 tonnes and the expenditure also climbed to $19.16 million. Estonia’s import of aluminium cans in 2020 got documented at 6517 tonnes, which signifies a further growth of 27.90%, while the expenditure jumps to $32.66...
