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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According to the data revealed by the National Statistics Bureau, China’s aluminium production in October stood at 3.13 million tonnes, 1.8 per cent higher year-on-year than 3.075 million tonnes. On a month-on-month calculation, the output stood up as well, ending a run of five straight monthly declines, found the official data. However, the daily average output in October fell to its lowest since July 2020, as smelters faced continued restrictions due to power shortages. As per the data, daily production stood at 100,968 tonnes versus 102,500 tonnes in the previous month (30 days). In October, the southwestern province of Guizhou ordered all five of its aluminium smelters to reduce power usage and shut capacity, reported MySteel consultancy, putting the annual operating capacity affected...
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices for the second straight day on Saturday, November 13. That brought the company’s aluminium ingot price to INR 233,000 per tonne, up by INR 2,500 per tonne from INR 230,500 per tonne on November 12. Hindalco’s aluminium wire rod price also saw a rise of INR 2,500 per tonne on November 13 from INR 241,600 per tonne to INR 244,100 per tonne. Aluminium billets price came in at INR 243,600 per tonne versus 241,100 per tonne on November 12. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which on Friday November 12, closed the week 1.15 per cent or US$30.50 per tonne higher at US$2,676 per tonne. However,...
According to a recent report, Russian aluminium giant UC Rusal has been engaged in the prospect of investing in the Ghanaian bauxite industry. The news came after the Deputy Minister of Lands and Natural Resources George Mireku Duker, who is also in charge of mining, held a meeting with Rusal officials on Friday, November 12, as the latter indicated willingness to invest in the country’s bauxite sector. According to the Minister, the object of the meeting was to discuss the prospective date for Rusal officials to visit Ghana. As per the report, the date has been fixed on December 6, 2021. George Mireku Duker posted on the social media that the meeting was fruitful, and he thinks Rusal will be investing soon in Ghana. He also wrote that Rusal’s arrival in Ghana could lead to the...
On October 26, 2021, Ali Al Baqali, the Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba), was named the recipient of the 'People First Leader Award' at the GCC GOV HR Awarding Ceremony 2021. The ceremony was held at the InterContinental Dubai Festival City – Dubai, UAE. Since his appointment as CEO in August 2019, Al Baqali has taken innovative steps to develop Alba's national workforce, including the 'Al Jisr' Programme for Building Supervisory Skills – a one-of-a-kind programme to develop high-potential non-supervisory employees and prepare them for leadership positions; Training Programs to onboard new recruits; and a Business Engagement Plan to tap into the expertise of Alba-sponsored MBA graduates. "Success doesn’t come by accident; it is the product of hard work and...
The leading company in the non-ferrous metal scrap processing and recycling in India, Nupur Recyclers has filed a draft prospectus with the NSE Emerge, the National Stock Exchange of India's new initiative for small and medium-sized enterprises and start-up companies from India, to raise funds via an initial public offering (IPO). Nupur Recyclers is also a renowned name in the field of import of non-ferrous metal scraps such as aluminium Zorba grades, shredded zinc scrap, zinc die-cast scrap and zurik ss scrap. The issue will incorporate a fresh offering of 5,700,000 shares. However, the North India based metal recycling company has appointed investment banks such as Corporate Capital Ventures Private Limited and ICICI Bank to manage its public issue, while the receipts from the issue...
A00 aluminium ingot price in China has opened the week on November 15 with a downfall of RMB 240 per tonne after two consecutive days of hike from RMB 18,510 per tonne to RMB 19,430 per tonne. According to the Shanghai Metals Market, the price is currently standing at RMB 19,190 per tonne, with average prices likely to range between RMB 19,170 per tonne and RMB 19,210 per tonne. The spot contract is estimated to be traded at a premium price of RMB 60-20 per tonne. In Gongyi, the primary aluminium ingot price has plunged by RMB 260 per tonne to stand at RMB 19,170 per tonne, followed by the decrease of RMB 240 per tonne in Wuxi and Hangzhou to RMB 19,190 per tonne and RMB 19,180 per tonne, respectively. In Chongqing, A00 aluminium ingot price is also standing at RMB 19,190 per tonne but by...
Three-month LME aluminium opened at US$2,663.5 per tonne last Friday and closed at US$2,697 per tonne, up US$40 per tonne or 1.51 percent. On Friday, November 12, LME aluminium cash (bid) price increased by US$30.5 per tonne or by 1.15 percent to stand at US$2,675.50 per tonne. LME aluminium official settlement price also moved up by US$30.5 per tonne or by 1.15 percent to close at US$2,676 per tonne. 3-month bid price and 3-month offer price was recorded at US$2,677 per tonne and US$2,679 per tonne. December 22 bid price and December 22 offer price settled at US$2,633 per tonne and US$2,638 per tonne. LME aluminium opening stock on November 12 stood at 974700 tonnes. Live warrants settled at 595825 tonnes and cancelled warrant totalled at 378875 tonnes. LME aluminium 3-month Asian...
On 12 th November 2021, the United States stated that it had initiated dialogue with Japan focused on diminishing US tariffs on metal imports like aluminium and steel, which were imposed under former President Donald Trump, following Washington attainted a deal on the same metal tariff issue with the European Union. Katherine Tai, the US Trade Representative and Gina Raimondo, Commerce Secretary specified ‘distortions’ engendered by global overproduction propelled by China, said: “The United States and Japan will seek to resolve bilateral concerns in this area.” However, before targeting focus towards Beijing, Tai and Raimondo stated: “The United States and Japan have a historic alliance, built on mutual trust and respect.” “These consultations present an opportunity to promote high...
The primary aluminium segment of the global aluminium industry is gradually navigated by environmental, social and governance (ESG) initiatives. The drive towards low-carbon aluminium production is now a mission for every manufacturer, as it is the future. The demand for aluminium is anticipated to pursue moving forward propelled by ESG especially from industries such as automotive and packaging. En+ Group’s metal division Rusal remains the leading producer of low-carbon aluminium, while the group’s commitment to achieving Net Zero at the COP26 UN Climate Change Conference in Glasgow. The first aluminium smelter in the Gulf region, Aluminium Bahrain B.S.C. (Alba), a leader in Environment, Social and Governance (ESG), has united with a top-class sustainability consultant to develop a...
Among some of the important developments we have come across this week in the global aluminium recycling industry, one is Spectro Alloys Corporation, a leading aluminium recycling firm in Minnesota, is investing $10 million in making a recycling plant, applying high standards of safety and with high energy efficiency. The plant is expected to the Upper Midwest's biggest processor of industrial aluminium. To know more: https://www.alcircle.com/news/spectro-alloys-infuses-10-million-in-rosemount-aluminium-recycling-plant-71832 As per a report this week, the Emirates Environmental Group (EEG) successfully concluded the 25th Cycle of the ‘Can Collection Drive (CCD)’. Hundreds of individuals of all ages gathered to deposit aluminium cans for recycling, including academic and government...
The subsidiary of Aditya Birla Group, Hindalco Industries revealed an upsurge of 783% in consolidated net profit to INR 3,417 crore in Q2 FY22 from INR 387 crore in Q2 FY21. Hindalco’s consolidated revenue for Q2 stood at INR 47,665 crore as against INR 31,237 crore in the same phase last year, denoting a rise by 53% Y-o-Y. The Q2 FY22 report unveils EBITDA was INR 8,048 crore, a jump by 56% from INR 5,171 crore in Q2 FY21. However, the consolidated net debt to EBITDA ratio enhanced further to 1.93x on 30 September 2021 compared to 2.59x on 31 March 2021. Hindalco commented by saying: “The results were driven by an exceptional performance by Novelis and India Business, supported by favourable macros, strategic product mix, higher volumes, and stability in operations.” The world leader in...
The financial capital of India, Mumbai’s bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) granted relief to Tata Motors by ruling non-imposing of excise duty on the development of aluminium dross and skimming during the production of aluminium castings/parts of motor vehicles. The issue of the Tata Motors was raised before the bench comprising Judicial Member Mr Ramesh Nair and Technical Member Mr CJ Mathew was whether the aluminium dross and skimming emerging out of the production of aluminium motor vehicle parts amounts to manufacture and liable to duty or otherwise. The department raised a claim that the above activity aggregate to manufacture and therefore, liable towards payment of excise duty. However, rejecting the above contention, the CESTAT bench...
The global aluminium downstream industry remained muted this week, except a few important updates. On Monday, November 8, Aluminium Stewardship Initiative announced that it successfully certified Aluflexpack, one of the leading international manufacturers of outstanding flexible packaging, against both the Performance Standard Certification and Chain of Custody Standard Certification. Aluflexpack Novi d.o.o. production plant in Drniš, Croatia, achieved dual Performance Standard and Chain of Custody Standard Certifications, while its Process Point Service AG site in Einsiedeln, Switzerland, bagged Chain of Custody Certification. To know more:...
LME aluminium cash (bid) price and LME official settlement price opened this week on Monday, November 8, at US$2,530 per tonne and US$2,530.50 per tonne, respectively, growing by US$40 per tonne or 1.61 per cent from the previous day. On Tuesday, November 9, they grew further to settle at US$2,581 per tonne and US$2,582 per tonne. However, on the next day, the prices decreased by US$28 per tonne to settle at US$2,553 per tonne and US$2,554 per tonne, but again rose on Thursday, November 11, by US$92 per tonne and US$91.50 per tonne to close at US$2,645 per tonne and US$2,645.50 per tonne. On Friday, LME aluminium cash (bid) price and LME official settlement price closed the week at US$2,675 per tonne and US$2,676 per tonne. 3-month bid price and 3-month offer price started the week at...
On 12 th November 2021, the Indian state-owned company having integrated and diversified operations in mining, metal and power under the ownership of the Ministry of Mines, National Aluminium Co Ltd (Nalco) reported a nearly seven-fold upswing in consolidated profit at INR 747.80 crore for the quarter ended 30 th September 2021. The Navratna CPSE under Ministry of Mines, Nalco stated during a BSE filing: “The Company had posted a consolidated profit of INR 107.27 crore in the year-ago period.” The filing revealed: “The consolidated income of the company during the July-September quarter increased to INR 3,634.59 crore over INR 2,399.05 crore in the year-ago period.” Nalco’s net profit leapt by 597.12% to INR 747.80 crore in the quarter ended September 2021 as against INR 107.27 crore...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices on Friday, November 12, following a cut on the previous day. The company’s aluminium billets price has come in at INR 241,100 per tonne on November 12, up by INR 8,250 per tonne or 3.54 per cent from the previous day. On Thursday, November 11, the price stood at INR 232,850 per tonne after being reduced by INR 1,500 per tonne. Hindalco’s aluminium wire rod price is standing at INR 241,600 per tonne on November 12, up by INR 8,250 per tonne from INR 233,350 per tonne on November 11. The company’s aluminium ingot price has also witnessed an increase of INR 8,250 per tonne from INR 222,250 per tonne to INR 230,500 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products...
The European metal producer, Aleastur has instituted the Gulf region’s first facility for aluminium grain refiners and master alloys production at its new Middle-East based in Bahrain. The brand new $15 million facility at the hub of the Gulf region will deliver speciality alloys to global markets, comprising Asia, North America and the GCC. The international leading manufacturer of Grain Refiners, Aleastur's new hub is part of an extensive plan, in partnership with the kingdom's sovereign wealth fund Bahrain Mumtalakat Holding Company - which acquired a substantial stake in the company in 2016 towards the development of the kingdom’s downstream aluminium sector and strengthens coordination between local manufacturers and vital international players. Mumtalakat Holding Company stated:...
Restrictions on power usage in China have resulted in a 7 per cent domestic annual aluminium production capacity cut so far this year. This news has come after Wood Mackenzie consultancy revealed the outcome of its comprehensive studies on the impact of China’s energy crunch on the domestic metals sector. "We identified around 3.2 million tonnes per annum (of aluminium) capacity was cut so far this year, of which only a little has been restarted," Wood Mackenzie said. The consultancy added, "We also expect more (aluminium production) suspensions in Yunnan (province) in the fourth quarter as the impact of insufficient hydropower supply has been exacerbated by the dry season." China has restricted electricity consumption for high energy-intensive sectors to reduce carbon emissions and...
