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...
Grow with
AL Circle
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices with effect from Friday, October 1, following an increase on September 25. NALCO has cut its aluminium ingot price by INR 1,400 per tonne to INR 244,950-248,450 per tonne on October 1. On September 25, the price stood at INR 246,350-249,850 per tonne, increasing by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a decrease of INR 1,400 per tonne with effect from October 1, which brought the price from INR 248,850–253,200 per tonne on September 25 to INR 247,450-251,800 per tonne. NALCO is now selling its aluminium billets at INR 248,400-251,050 per tonne, compared to INR 249,800 – 252,450 per tonne on October 25. NALCO links its...
LME aluminium benchmark price soared up by 0.47 percent on Friday, October 1. LME aluminium cash (bid) price elevated by US$13.5 to settle at US$2,864 per tonne. The LME official settlement price notched up by US$14 or by 0.49 percent to score at US$2,865 per tonne. 3-month bid price and 3-month offer price settled at US$2,880 per tonne and US$2,881 per tonne. December 22 bid price was found out to be US$2,763 per tonne and the offer price for the same day closed at US$2,628 per tonne. LME aluminium opening stock for October 1 was recorded at 1229700 tonnes. Live warrants settled at 642750 and the cancelled warrant was found to be 586950. LME aluminium 3-month Asian Reference Price for Friday, October 1 stood at 2853.72. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed...
The month of September 2021 extracted a lot of exciting moments from the global aluminium industry. The London Metal Exchange (LME) aluminium benchmark price escalated to a new milestone of US$3,000 per tonne, the first time ever since 2008. The political turmoil in the West African nation Guinea, the world’s largest exporter of bauxite and with the production curb in China has triggered the LME aluminium price to a 13-year high. The bauxite price from Guinea climbed the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The western Xinjiang region in China, the home to almost one-fifth of the country’s primary aluminium capacity, directed five major smelters last month to cut 10% monthly output levels for...
The global aluminium industry's most crucial, downstream segment remained highlighted due to some of the potential news. The global law firm Curtis, which represents a number of international clients brought victory to Govt. of Oman and Oman Aluminium Rolling Company in the US trade case. Curtis further stated that their international team, comprising lawyers in Muscat, Geneva, and Washington, successfully beat back the allegations. The Chinese aluminium foil exports have recorded growth by 19% in August 2021 to 115,400 tonnes. However, China is facing the heat of power shortage, which has driven multiple industries to close down, while aluminium industries were forced to curb their production. After two consecutive declines on September 25 and 28, Hindalco Industries Limited has...
On 1st October 2021, the coup leader of Guinea Mamadi Doumbouya was sworn in as interim President of the West African nation. This will adjudicate the expectation of the regional power towards a short time transition to constitutional rule following the Sept 5th dethroning of President Alpha Conde. The interim Presidential swearing-in ceremony was held at the Mohamed V Palace at Guinea’s capital Conakry with the noticeable absenteeism of most West African country heads, who consented last month to impose sanctions on coup members and their relatives. Since the previous year, West and Central Africa have witnessed four coups. However, the political turbulence has escalated disquiet and took the side towards military rule in the Kingdom of minerals but the poorest nation in the world....
This week, the bauxite industry started with the news that, a team of Andhra Pradesh Mineral Development Corporation (APMDC) officials had started their journey to London for attending the upcoming hearing of a case scheduled on September 27 concerning the international arbitration raised by Ras-Al-Khaimah Investment Authority (RAKIA) over the cancellation of a bauxite supply agreement between the APMDC and ANRAK Aluminium Ltd. To know more: https://www.alcircle.com/news/apmdc-officials-visiting-london-to-present-arguments-at-court-over-bauxite-supply-agreement-cancellation-70474 On 27th September 2021, the CEO of the state mining holding firm Mining Industry Indonesia (MIND ID), Orias Petrus Moedak stated the company is looking out for an initial public offering (IPO) around the end of...
This week a lot had happened in the Alumina industry. On Monday, September 27, the average alumina spot price had increased by RMB 126 per tonne to settle at RMB 3,733 per tonne. For September 28, the average alumina spot price was recorded at RMB 3,744 and for September 29, the spot price stood at RMB 3820 per tonne. Similarly, for September 30, the average alumina spot price had closed at RMB 3820 per tonne. To know more: https://www.alcircle.com/news/average-alumina-spot-price-in-china-continues-to-grow-by-rmb76-t-to-stand-above-rmb3800-t-a00-aluminium-ingot-price-climbs-by-rmb330-t-70488 According to the International Aluminium Institute (IAI) data, world alumina production continued to fall in August 2021 to stand at 11.565 million tonnes, including 10.845 million tonnes of...
Right from Tom Dobbins’s resignation from the position as President and Chief Executive officer of the Aluminum Association to Hydro’s new Plant Manager appointment at Husnes smelter, the world primary aluminium sector has offered many important news this week. But the topmost of all is China’s power shortage leading to aluminium production curb. As per the report, China’s power distress is feasibly much bigger and savage than it is envisioned. China is the world’s biggest consumer of coal with over 56 per cent consuming capacity for producing energy to cater for the needs domestically. Fossil fuel is Chinese energy security’s most crucial part. The high absorption of thermal power in China signifies that any fall-off in coal supply dents its propensity to engender adequate electricity....
The American private equity firm that invests in industrial businesses, American Industrial Partners (AIP) claimed to have grabbed control of distressed metal magnate Sanjeev Gupta’s Dunkirk aluminium smelter in France. On 1st October 2021, American Industrial Partners stated that it had acquired the Alvance smelter in Dunkirk and two other French establishments following Sanjeev Gupta chaired GFG Alliance failed to make payments on outstanding loans. However, in 2021, AIP bought up a portion of the debt at Europe’s largest aluminium smelter, Dunkirk, as well as at an associated mill in Belgium. Sanjeev Gupta anticipated securing a rescue loan with Anglo-Swiss multinational commodity trader Glencore, which had propounded to refinance the debt across his European aluminium business. The...
Slovalco, the only primary aluminium producer in Slovakia, is curbing production in reaction to the steep growth of electricity prices. Record price hikes of emission allowances and insufficient compensation from the states through the Environmental Fund are some of the other factors for the output cut. Slovalco, the majority of which is owned by global aluminium giant Norsk Hydro, produces 160,000 tonnes of aluminium annually in 226 furnaces, consuming 8 per cent of Slovakia’s total electricity consumption. Already, the company has idled 25 furnaces. “Without long-term foreseeable and fair conditions set by the Slovak government there are very hard times in front of us,” Ola Saeter, chair of the board of directors of Slovalco, told the Slovak Radio. “The worst scenario would be turning...
Project Y719, one of the largest yachts in the world, has finally hit the water at Oceanco, the Netherlands. Built of aluminium super structure, the superyacht is around 117 metre long and is launched from the yard’s Alblasserdam facility. Project Y719 was technically launched in 2019 from Zwijnenburg, one of the construction yards in Oceanco. Later it was moved inside the yard’s outfitting facility in Alblasserdam. The big and bold Y719 is expected to accommodate around 24 guests and 30 crewmembers. Apart from being the world’s largest yacht, the Y719 also holds the reputation of being the biggest water vessel ever built by the Dutch yard. According to the news, another big project named Y721 is on the pipeline, which will be commissioned by Amazon founder Jeff Beroz. According to the...
FYI Resources is eyeing to create a market-leading high purity alumina (HPA) business, and for that matter, has entered into a partnership with global alumina leader Alcoa. They have signed a joint venture term sheet to create an initial demonstration refinery and an 8,000 tonne-per-annum HPA production facility. As per the term sheet signed, Alcoa will bear the construction costs linked to the HPA refining project, of which 65 per cent will be owned Alcoa and the remaining 35 per cent by FYI Resources. The term sheet is expected to pave the way for a future joint venture agreement, whereby FYI and Alcoa will collaborate to produce high purity alumina for the global market. FYI Resources managing director Roland Hill said: "Coming to joint development terms on our HPA project is a...
The island nation, Sri Lanka declared a state of economic emergency on 31st August 2021, as the country dry out of foreign exchange reserves for essential imports like food. The Central Bank of Sri Lanka is the foremost Asian central bank to increase policy rates after the Covid-19 pandemic in regards to rising inflation in August 2021 spawned by currency depreciation. Sri Lanka imported 5107 tonnes of aluminium stranded wire during 2019-20 and the expenditure occurred for the import was $9.13 million. The metal aluminium delivers a better conductivity to weight ratio than copper. Hence it is also utilized for wiring power grids, including overhead power transmission lines and local power distribution lines. In 2019, Lanka’s import of aluminium stranded wire was counted at 3634 tonnes and...
Hydro Aluminium Smelter in Husnes has appointed Jon Ola Ystgaard as a new Plant Manager, who will be reporting to Head of Primary Production in Hydro Aluminium Metal Ola Saeter. Mr Ystgaard, who will be joining Hydro Husnes on October 11, comes with vast years of experience in the aluminium industry, starting at Elkem Aluminum Mosjøen in 2000, where he worked as an electrolysis process engineer. He then moved to Elkem Aluminum to work on projects. In 2006, Jon Ola Ystgaard took over the position of Technical Manager at Elkem Aluminum, and after a year (2007), became Electrolysis Manager. He graduated in 1999 as a metallurgist from NTNU. Since 2014, Jon Ola has been associated with Aludyne Norge AS, an aluminium car parts manufacturer based in Farsund, as the General Manager. The former...
Mining Minister Robert Montage informed the House of Representatives that the August 22 fire breakout in the Jamalco alumina refinery has caused the company lose US$500,000 per day. This is based on the production cost of US$150 per tonnes of alumina at a production rate of 3,170 tonnes everyday. He also revealed that the situation in Jamalco is highly critical, interrupting the alumina production there. Montage informed that Jamalco has property and plant insurance of US$250 million that covers single incidents like fire. “In addition to property damage, the insurance policy covers extra expenses and business interruption,” says Robert Montage. He told the House that important assets like the two control rooms, powerhouse, fuel oil pump station, turbine generator control equipment, two...
On 29th September 2021, the Athens-listed leading global industrial and energy company, Mytilineos declared its engagement as a coordinator in the European Union’s SCALE project with an experimental plant for the extraction of scandium from bauxite residue. A silvery-white metallic d-block element, Scandium is historically classified as a rare-earth element (REE) and is on the EU list of critical raw materials. The Greek bauxite which is processed by Mytilineos is relatively rich in scandium and likewise produces bauxite residues that are rich in scandium. The experimental or pilot plant for extracting scandium under the SCALE project initiated operations a year ago at the Aluminium of Greece facility in Voiotia. The project has governed to expand the concentration of scandium from...
LME aluminium benchmark price edged 2.12 percent lower on Thursday, September 30. Both LME aluminium cash (bid) price and official settlement fell down by US$62 to close at US$2,850.50 per tonne and US$2,851 per tonne, respectively. 3-month bid price and 3-month offer price closed at US$2,866 per tonne and US$2,867 per tonne. December 22 bid price was recorded at US$2,755 per tonne and the offer price for the same day settled at US$2,760 per tonne. LME aluminium opening stock for September 30 stood at 1238300 tonnes. Live warrants were recorded at 642750 and the cancelled warrants closed at 595550. LME aluminium 3-month Asian Reference Price for Thursday, September 30 was noted at 2,904.76. SHFE Aluminium Price Trend The Shanghai Metal Market will be closed from October 1 to October 7 for...
On 30th October 2021, Sridhar Patra, the Chairman-cum-Managing Director of Nalco stated that the pre-project ventures like securing green clearance for the execution of the mining lease of Pottangi bauxite mines in Koraput district of Odisha and construction of an 18-km overland conveyor are advancing. The CMD in his speech at the 40th AGM of the company said: “Pottangi bauxite mines have been reserved by the Centre in favour of Nalco for meeting the bauxite requirement of its one million tonnes alumina refinery expansion project.” He added: "The mining plan has already been approved. Important milestones like preparation of Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP) report, the conduct of a public hearing, identification of compensatory afforestation...
