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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The United States and the European Union have settled to soften tariffs on the multi-billion dollars of aluminium and steel products in an attempt to undertake a trade discourse that has lingered over transatlantic relations since the era of Donald Trump administration. Valdis Dombrovskis, EU trade commissioner said: “We have agreed with the US to pause our steel and aluminium [section 232] trade dispute and launch co-operation on a Global Arrangement on Sustainable Steel and Aluminium.” He added: “Joe Biden, US President and Ursula von der Leyen, EU Commission President, would give more details on 31 st October 2021.” It has been for months that the Biden administration and the EU were negotiating a settlement on aluminium and steel. In 2018, former US President Donald Trump imposed...
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. It also revealed that its revenue in Q3 was 6 per cent more than in Q2 2021 and 33 per cent higher than in Q3 2020 at NOK 36,710 million. In total nine months, Hydro churned out 1.673 million tonnes of primary aluminium as compared to 1.559 million tonnes a year ago. To know more: https://www.alcircle.com/news/hydros-primary-aluminium-production-in-3q2021-grows-2-to-573-000-tonnes-ebitda-from-primary-aluminium-totals-nok4-263-million-71748 Qatar Aluminium...
The global aluminium downstream segment has been in the spotlight this week due to a number of events. To begin with, the CEO of AMAG Austria Metall AG, Gerald Mayer cautioned by saying that the primary reason for the aluminium dearth is actually due to the shortage of magnesium supply that resulted from the suffocation of Chinese electricity production at fossil-fired power plants. Also in India, the coal crisis continues, as Indian Industrial Value Chain Council (IIVCC) carried out stating 5000 plus SMEs who are associated with the aluminium value chain have shown disquiet of suffering huge losses if the ongoing dry fuel supply distress experienced by the primary aluminium industry is not immediately resolved. The Aluminium Stewardship Initiative has successfully certified Novelis’...
The Indian commodities magnate Anil Agarwal chaired Vedanta Ltd. publicized a consolidated net profit of INR 4,615 crore in the July-September quarter, which reveals an upswing by more than five times from the corresponding period previous year at INR 838 crore on a low-base effect. Consecutively, net profit was up 9.2% from INR 4,224 crore. The top line of the company during the phase under review, stood at INR 30,048 crore, surging by 44% from the same period existing year on the shoulder of towering commodity prices. However, the quarterly revenue is considered a record for the company. On a call to discuss the earnings, Sunil Duggal, CEO of Vedanta commented: “High commodity prices have placed Vedanta in a strong position and we are benefitting from this increase in prices.” He also...
Crown Holdings, Inc. has been certified against the Aluminium Stewardship Initiative (ASI) Performance Standard for responsible production, sourcing, and stewardship of aluminium for the Crown Beverage Can Brazil Division Can Plants in Cabreva, S. Paulo; Estancia, Sergipe; Ponta Grossa, Parana; Rio Verde, Goias; Teresina, Piaui; the Can End Plant in Manaus, Amazonas; and the Corporate Office in Cabreva, S. Paulo. The ASI Certification programme is the first complete voluntary sustainability standard project for the aluminium value chain, and it was established after considerable multi-stakeholder input. With the goal of addressing sustainability challenges in the aluminium value chain, the ASI Performance Standard establishes environmental, social, and governance principles and standards....
LME aluminium benchmark price shrunk by US$222 per tonne throughout the week ended October 29, 2021. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, October 25, at US$2,916.50 per tonne and US$2,917 per tonne. They both plunged on October 26 for the sixth day in a row by US$86 per tonne to US$2,830.50 per tonne and US$2,831 per tonne. On October 27, the prices again fell sharply by US$127 per tonne to come in at US$2,703.50 per tonne and US$2,704 per tonne, but moved up the next day to US$2,720.50 per tonne and US$2,721 per tonne. On Friday, October 29, both LME aluminium cash (bid) price and LME official settlement price closed the week US$2,694.50 per tonne and US$2,695 per tonne, respectively. 3-month bid price and 3-month offer price...
In September 2021, alumina production in Europe (including Russia) stood at 838,000 tonnes, reflecting a month-on-month decline of 8.32 per cent, found the International Aluminium Institute. In August 2021, the output came in at 914,000 tonnes, up by 2.12 per cent from 895,000 tonnes a month ago. On a year-on-year calculation, alumina production in Europe during September 2021 increased by 4.88 per cent from 799,000 tonnes. Total alumina production in the third quarter of 2021 amounted to 2.647 million tonnes, 2.64 per cent higher than 2.579 million tonnes in Q2 2021 and 4.17 per cent more than 2.541 million tonnes in Q3 2020. From January to September, alumina production in Europe (including Russia) totalled 7.802 million tonnes, up by 2.59 per cent from 7.605 million tonnes during the...
The Members of the Cockpit Country Stakeholders Group (CCSG) have emphatically declined the Final Environmental Impact Assessment (EIA) organised by the National Environment and Planning Agency (NEPA) to permit mining in the historic section of Jamaica. Cockpit country’s mining has been a primary cause of disagreement for the residents of the area, while the government agency responsible for issuing mining rights, NEPA and environmentalists who are dynamically against bauxite mining within the boundaries of the heritage site. The CCS Group stated in a release, which says: “We are at a loss to understand how this substandard document could have been accepted by the state agency with responsibility for public health and the environment.” “We understand that deliberations on the granting of...
According to the Shanghai Metals Market (SMM), aluminium billet inventories in China dropped by 18,100 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 163,100 tonnes on Thursday, October 28. The major reason behind the decrease in aluminium billet inventories this week was primarily due to stock decline in Foshan and Nanchang. According to SMM, the inventory of aluminium billet descended because this week, there were fewer arrivals of aluminium billet in Foshan, but exports increased as downstream demand increased due to falling aluminium prices and increased demand from conversion plants after Guangdong's power limitation was lifted. The chart below indicates the current status of aluminium billet inventories across China in more detail:...
Hindalco Industries Limited again cut its aluminium products prices significantly, with effect from Thursday, October 28. Hindalco’s aluminium wire rod price came in at INR 247,850 per tonne after being plunged by INR 11,000 per tonne or 4.25 per cent from INR 258,850 per tonne on October 27. Hindalco’s aluminium billets price also saw a slash of INR 11,000 per tonne to INR 247,350 per tonne as of October 28. On the previous day, the price stood at INR 258,850 per tonne, seeing a plunge of INR 6,500 per tonne. Hindalco is currently selling its aluminium ingot at INR 236,750 per tonne as compared to INR 247,750 per tonne on October 27. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange,...
Novelis, the world's largest aluminium recycler, announced on Friday that it will spend $375 million in its Zhenjiang facility in China to enhance recycling and manufacture of aluminium products used in the car sector. Metal recycling will be critical in the energy transition, which will entail a shift from internal combustion engines to electric vehicles. The expansion project is expected to be completed by the middle of 2024, according to Novelis, a subsidiary of India's Hindalco. "The investment will create a fully integrated supply chain for the automotive market in China between our Zhenjiang rolling and recycling facility and Changzhou automotive finishing plant," said Novelis Novelis, the world's leading producer of automotive sheet, processes almost two million tonnes of aluminium...
On 28 th October 2021, The Aluminum Association made public that Charles “Chuck” Johnson will join as the group’s new President & CEO effective 3 rd January 2022. In his previous assignment, Johnson spent more than four years as President & CEO of the International Safety Equipment Association (ISEA), a trade organization representing the personal protective equipment and technologies industry. However, prior to that, he served for 19 years at the Aluminum Association in roles of increasing responsibility. Johnson on being appointed for the role said: “I am thrilled to be part of the Aluminum Association’s next chapter during this exciting time for the U.S. aluminium industry. Aluminium has enormous opportunities and challenges in areas like global trade, recycling, climate and supply...
A research led by the University of Leeds has advised the industry that, in order to achieve the net zero objective, industry must accelerate investment in new technologies that allow materials to be manufactured using renewable power. The report warns that national programmes for replacing fossil fuels with renewables must have a holistic approach to energy consumption and material creation, or industries would be unable to use renewable-generated power. It is critical to ensure that no power is produced from fossil fuels by 2050 in order to achieve net zero emissions. However, if industry is unable to utilise this power, its impact will be limited. Steel production accounts for a tenth of all CO2 emissions in developed nations, but new technologies to make steel using energy are not...
Hydro has announced in its 3Q2021 results that it produced 573,000 tonnes of primary aluminium in the said period. That was up by 2 per cent from 561,000 tonnes in Q2 2021 and 10 per cent higher than 522,000 tonnes in Q3 2020. Backed on the increase in production and surge in LME aluminium price, Hydro earned the revenue of NOK 36,710 million in Q3 2021, 6 per cent more than in Q2 2021 and 33 per cent higher than in Q3 2020. During the third quarter, the LME aluminium price skyrocketed to US$2,419 per tonne from US$2,210 per tonne in Q2 2021. In total nine months, Hydro churned out 1.673 million tonnes of primary aluminium as compared to 1.559 million tonnes a year ago. Hydro has reported that its adjusted EBITDA grew 100 per cent year-on-year to NOK 7,219 million in 3Q2021, of which NOK...
China’s social inventories of primary aluminium rose 25,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to come in at 982,000 tonnes on Thursday, October 28. That marked the eighth consecutive week of rising, primarily contributed by higher arrivals of stocks in Wuxi, Shanghai, and Gongyi. Last week, on October 21, China’s primary aluminium inventories grew sharply by 70,000 tonnes from the previous week to close at 957,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more detail: Primary aluminium inventories in Wuxi increased the highest this week by 17,000 tonnes to 341,000 tonnes, followed by the rise of 6,000 tonnes in Gongyi to close at 90,000 tonnes. In Hangzhou and Linyi, primary...
The Chinese power intense metals manufacturing sector straps under the oppression of a national power catastrophe, while the govt. sustains a restriction on smelting to achieve emissions targets. Besides the retrench of magnesium production, the other most power-intensive metal aluminium manufacturing sector in China has encountered a 2.3 million tonne downfall since the outset of the energy crisis in September 2021, when extensive power restriction dashed the nation during a rally to slash carbon emissions and diminish power generation. The price of aluminium touched and crossed $3,000 per tonne to a 13-year high in October 2021, the highest mark since 2008. However, before attaining the milestone, aluminium was usually priced in between $1,500 to $2,000 per tonne, though it has cooled...
On Thursday, October 28, both LME aluminium cash (bid) price and LME aluminium official settlement moved up by US$17 or by 0.62 percent to close at US$2,720.50 per tonne and US$2,721 per tonne respectively. 3-month bid price and 3-month offer price ascended to US$2,732 per tonne and US$2,733 per tonne. December 22 bid price and December 22 offer price was recorded at US$2,668 per tonne and US$2,673 per tonne. LME aluminium opening stock on October 28 closed at 1051350 tonnes. Live warrants stood at 625350 tonnes and cancelled warrants settled at 426000 tonnes. LME aluminium 3-month Asian Reference Price for Thursday, October 28, stood at US$2,682.55 per tonne. SHFE Aluminium Price Trend On Friday, October 29, the benchmark aluminium price for SHFE ascended by US$124 per tonne to total at...
A00 aluminium ingot price in China has jumped by RMB 860 per tonne to stand at RMB 20,200 per tonne on Friday, October 29, following incessant declines since October 22 from RMB 23,340 per tonne to RMB 19,340 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,180 per tonne and RMB 20,220 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne. In Hangzhou and Foshan, A00 aluminium ingot price is also standing at RMB 20,200 per tonne by gaining RMB 865 per tonne and RMB 860 per tonne, respectively, while the price in Wuxi and Linyi has hiked by RMB 850 per tonne and RMB 820 per tonne to close at RMB 20,190 per tonne and RMB 20,260 per tonne, respectively. In Gongyi, Tianjin, and Shenyang, primary aluminium ingot...
