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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In September, producers had to pay extra money to bring their goods to market, as output prices for the Mining and Quarrying business and the Manufacturing industry both increased by 0.3 percent. The Statistical Institute of Jamaica's newest producer pricing index statistics indicated the rise in production costs (STATIN). Bauxite mining and alumina processing costs increased by 0.3 percent. It was also the primary cause of price increases in the Mining and Quarrying business. The second major group, Other Mining & Quarrying, had a 0.1 percent increase in its index. Meanwhile, the key groupings Food, Beverages, and Tobacco, as well as Chemicals and Chemical Products, each climbed by 0.5 percent, and Refined Petroleum Products, which increased by 0.2 percent, were the biggest contributors...
The Russian aluminium giant, RUSAL participates in the 26 th UN Climate Change Conference that is happening in Glasgow, United Kingdom. The global leader in the production of low-carbon aluminium, RUSAL discusses the path to decarbonize the aluminium industry, within the framework of COP26. However, business representatives and expert organizations talked about the risks and opportunities confronted by the aluminium industry in the activity of zero greenhouse gas emissions (Net Zero), as well as the possibility of conquering technological barricade, which currently staves off further decarbonization of the preliminary phases of the primary aluminium production and supply chain. These comprise bauxite mining, alumina production and metal electrolysis. The experts will also discuss the role...
Hindalco Industries Limited has further reduced its aluminium ingot and aluminium products prices with effect from Wednesday, November 3. The company’s aluminium ingot price has come in at INR 234,250 per tonne, down by INR 2,500 per tonne from INR 236,750 per tonne on October 28. Hindalco, with effect with November 3, is selling its aluminium wire rod at INR 245,350 per tonne as compared to INR 247,850 per tonne in the previous week. Hindalco’s aluminium billets price also saw a cut of INR 2,500 per tonne on November 3 from INR 247,350 per tonne to INR 244,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased after October 28 by US$15 per tonne to stand at...
On Wednesday, November 3, Century Aluminum Company declared that its wholly-owned subsidiary, Norðurál Grundartangi ehf (“Norðurál”), started off the construction of a new low-carbon billet casthouse at Grundartangi, Iceland smelter. The new value-added casthouse will have a capacity of 150,000 tonnes of billet production, expanding Grundartangi’s primary foundry alloys annual capacity from the current 60,000 tonnes to 120,000 tonnes. The $120 million worth project is expected to commence production in Q1 2024, creating approximately 90 new jobs. Century Aluminum’s President and Chief Executive Officer Jesse Gary commented: "We are very excited to bring billet production to Grundartangi and, beginning in 2024, to bring low-carbon Natur-Al™ billet to the European market.” He added, “Once...
The average alumina spot price in China has slipped for the third day in a row by RMB 9 per tonne to stand at RMB 4,014 per tonne on Thursday, November 4, found the Shanghai Metals Market. In Shandong, Henan, and Shanxi, the price has decreased by RMB 10 per tonne to RMB 4,030 per tonne, RMB 4,040 per tonne, and RMB 4,035 per tonne, respectively. Alumina price in Guizhou and Guangxi has dropped by RMB 5 per tonne to come in at RMB 3,905 per tonne and RMB 3,845 per tonne. Meanwhile, A00 aluminium ingot price has increased by RMB 140 per tonne on November 4, to come in at RMB 19,950 per tonne. The average prices are likely to range between RMB 19,930 per tonne and RMB 19,970 per tonne, with spot contract estimated to be traded at a premium price of RMB 130-90 per tonne. In Foshan and...
LME aluminium opened at US$2,682 per tonne on Wednesday morning and closed at US$2,686 per tonne, up US$6 per tonne or 0.22 percent. On Wednesday, November 3, LME aluminium cash (bid) price moved up by US$26.5 per tonne or by 0.98 percent to close at US$2,705.50 per tonne. LME aluminium official settlement price increased by US$26 per tonne or by 0.97 percent to close at US$2,706 per tonne. 3-month bid price and 3-month offer price US$2,722 per tonne and US$2,724 per tonne. December 22 bid price and December 22 offer price settled at US$2,677 per tonne and US$2,682 per tonne, respectively. LME aluminium opening stock was on November 3 was recorded at 1019825 tonnes. Live warrants for the same day stood at 625350 tonnes and cancelled warrants totalled at 394475 tonnes. LME aluminium...
Australian Bauxite Limited is eyeing to expand aluminium fluoride production and thus, establishing a pilot plant on the mainland. The subsidiary, Alcore, initially aims at starting a commercial production at Bell Bay with a 10,000 tonnes per year capacity before ramping it up over time to 60,000 tonnes per year. "At current cost scenarios, this could achieve an EBITDA (earnings before interest, tax, depreciation and amortisation) of approximately $50 million per annum," said Sydney-headquartered Australian Bauxite in the September quarterly report. The company believes that the expansion of aluminium fluoride production capacity in Bell Bay, Tasmania, will provide a secured supply of raw material to Australian aluminium production, which is worth more than $4.5 billion per year....
The global leading company in developing and producing high-quality, responsible packaging, Amcor has provisionally retrenched supplies to some of its lower-margin customers after raw materials shortfall in specialist resins, PET plastic and aluminium contrived its production in the September quarter. Ron Delia, CEO of Amcor said: “Amcor had been forced to make some hard choices as it grappled with the shortages of the raw materials, which he said should right themselves by the second half of the 2021-22 financial year.” “Certainly in the first quarter it provided a bit of a headwind,” Delia added. He said: “Amcor allocated more packaging products to higher-margin customers. We’ve just had to make some choices about what to do.” However, the shortages are starting to subside but still, it...
People use aluminium foil at home for food storage, to cover baking surfaces and to wrap foods, to avert them from losing moisture while cooking and it is also used to wrap and protect delicate food items. The foil reflects the thermal energy back to the food maintaining the inherent aroma, moisture, and flavour of the food. The most expensive country in the eurozone, Finland imported 21,867 tonnes of aluminium foil during 2019-20, which accounted expenditure of $61.37 million from the import. In 2019, Finland, the ‘Happiest Country in the World’ imported 11,095 tonnes of aluminium foil, incurring an expenditure of $31.45 million, whereas, in 2020, the foil import showcased a downfall by 2.91%, as the import volume declined to 10,772 and expenditure counted to $29.92 million. The import...
Southwest China’s Yunnan province, one of the country’s largest aluminium-producing areas, has reportedly removed preferential electricity pricing for electrolytic aluminium producers to control power consumption amid shortages. The news came after the provincial government issued a policy on Monday prescribing an immediate cancellation of power price discounts and subsidies to the aluminium industry. This will result in an increase in electricity costs, estimates Shi Fuliang, co-founder of aluminium industry research firm ALD. Shi Fuliang said the province would adopt a tiered electricity pricing system. Yunnan used to offer preferential electricity pricing to aluminium companies at 16 per cent to 22 per cent lower than the industry average. The cost of electricity accounts for 40 per...
The average alumina spot price in China has continued to decline to stand at RMB 4,023 per tonne on Wednesday, November 3. According to the Shanghai Metals Market, the price has decreased by RMB 87 per tonne compared to the drop of RMB 9 per tonne on the previous day. In Shanxi and Henan, the alumina price has shrunk by RMB 95 per tonne and RMB 90 per tonne to come in at RMB 4,045 per tonne and RMB 4,050 per tonne, respectively, while the price in Guizhou and Shandong has decreased by RMB 85 per tonne to close at RMB 3,910 per tonne and RMB 4,040 per tonne. The Australian alumina FOB price has dropped by US$15 per tonne to settle at US$435 per tonne on November 3. A00 aluminium ingot price has decreased for the second day in a row by RMB 300 per tonne to stand at RMB 19,810 per tonne on...
On 2 nd November 2021, the Croatian parasol manufacturer VIS Promotex stated that it has taken over aluminium foundry Lipovica, with a focus to increase sales and exports. The Varazdin-based VIS Promotex said in a statement said: “Following a public tender called by the government's centre for enterprise restructuring and privatisation, CERP, in which VIS Promotex was named the best bidder, the company signed a deal to buy the foundry and fulfilled all of its obligations.” However, the company did not reveal the value of the deal, while the information published on the website of CERP, said: “On 24 September, the Croatian Govt. agency decided to accept a binding offer by VIS Promotex to acquire Lipovica for 16 million kuna that outbid three other valid offers.” VIS Promotex said: “Both...
LME aluminium opened at US$2,722 per tonne on Tuesday morning and closed at US$2,680 per tonne, down $39.50 per tonne or 1.45 per cent. On Monday, November 2, LME aluminium cash (bid) price shrank by US$ 33.50 per tonne or 1.24 per cent to stand at US$ 2,679 per tonne, while LME aluminium official settlement price plunged by US$33 per tonne to come in at US$2,680 per tonne. 3-month bid price and 3-month offer price totalled US$2,697 per tonne and US$2,698 per tonne. December 22 bid price and December 22 offer price closed at US$2,640 per tonne and US$2,645 per tonne, respectively. LME aluminium opening stock on November 2 declined from 1035525 tonnes to 1028325 tonnes. Live warrants settled at 625350 tonnes and cancelled warrants recorded at 402975 tonnes. LME aluminium 3-month Asian...
The third most popular drink overall after water and tea is beer and it is becoming more expensive in Europe. The largest brewery group in Germany, the Radeberger Group made public that it will raise prices for both the hospitality and retail trade from spring due to the surge in the price of energy, transport and raw materials. Globally, the situation remains the same, the shortage of barley to prepare the malt and the dearth in supply of aluminium to make the cans are accelerating the beer prices. The brewing industry is experiencing similar problems as other industries like the lack of labour, more expensive transport and supply of raw materials. As a result, AB InBev, the world's biggest brewer, lately increased the prices in Brazil, Colombia, Mexico, Nigeria and China. In Poland, the...
According to the US Geological Survey (USGS), the United States imported 8,720 tonnes of US aluminium plates, sheets, bars etc from Oman in July 2021, showing a month-on-month increase of 1,100 tonnes or by 14.43 percent. In June 2021, 7,620 tonnes of plates, sheets, bars were imported from Oman, flaunting a descend of 17.06 percent from 8,290 tonnes in May 2021. On a year-on-year calculation, US aluminium plates, sheets, bars imported from Oman in July 2021, moved up by 2,320 tonnes or by 36.25 percent from 6,400 tonnes. From January to July 2021, the imported plates, sheets, bars by the United States settled at 51,200 tonnes. For the same period last year, the amount exported by Oman closed at 37,300 tonnes. According to the data shared by the United States Geological Survey, the total...
Arconic Corporation, an American industrial company specialized in lightweight metals engineering and manufacturing, has reported the third-quarter results of 2021, revealing a 34 per cent hike in sales year-on-year to $1.9 billion. On a quarter-on-quarter basis, it grew by only 5 per cent. Net income came in at $16 million or $0.15 per share, compared with $5 million or $0.05 per share in Q3 2020. Adjusted EBITDA increased 4 per cent Y-o-Y but decreased 9 per cent quarter-on-quarter to $171 million in Q3 2021. Revenue earned in the third quarter was $1.9 billion, up 5 per cent from the prior quarter, attributed by higher aluminum prices and the start of packaging sales in the U.S., though partially offset by weaker than expected ground transportation sales. Arconic’s revenue from...
The United States aluminium scrap exports to Hong Kong inched up by only 300 tonnes in July 2021, following a decline in the previous month. According to the US Geological Survey, aluminium scrap exports from the US to Hong Kong stood at 19,200 tonnes in July compared to 18,900 tonnes in June 2021. In May, the exports came in at 28,700 tonnes, meaning it fell in June by 34.15 per cent month-on-month. On a year-on-year calculation, the United States aluminium scrap exports to Hong Kong in July 2021 grew 279 per cent from 5,060 tonnes. From January to July 2021, the United States aluminium scrap exports to Hong Kong totalled 161,000 tonnes, 266.74 per cent higher than 43,900 tonnes during the same period last year. The United States total aluminium scrap exports in July 2021 amounted to...
Price of aluminium will stay high until next year, since smelters have been compelled to cut production due to increased energy costs. On Monday, Global analysts stated that, the total price of aluminium in 2021 is expected to stand at US$2,450 per tonne and US$2,300 per tonne in 2022, up from US$2,300 per tonne and US$2,100 per tonne in the previous year. The price of aluminium, which is required for making almost everything from soda cans to aeroplane components, had stabilised after reaching a 13-year high of US$3,221 during the third quarter, due to the supply concerns caused by China’s power crunch. In order to decrease the pressure on the power grid, aluminium smelters in China were asked to limit or stop their production. In addition, worldwide producers were also asked to reduce...
