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 Shanghai Metals Market, aluminium billet inventories have grown marginally by 500 tonnes week-on-week across five major consumption areas to stand at 157,500 tonnes as of Thursday, September 30. Among all the major Chinese cities, Nanhai has contributed maximum to the growth in inventories this week, found SMM. The downstream restocking was sluggish amid high aluminium prices and power rationing, resulting in slow inventory rise. However, post-holiday, the recovery is expected to be worthy of attention. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Nanchang, aluminium billet inventories have climbed by 2,000 tonnes to stand at 20,500 tonnes on September 30, while the stocks in Foshan and Changzhou have inched...
According to the US Geological Survey (USGS), the United States imported 213,000 tonnes of crude metals and alloys from Canada in July 2021, reflecting a month-on-month decrease of 4,000 tonnes or 1.84 percent. In June 2021, 217,000 tonnes of aluminium crude metals and alloys were exported from Canada, a growth of 8.5 percent from 200,000 tonnes in May 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Canada in July 2021 increased by 7,000 tonnes or by 3.39 percent from 206,000 tonnes. From January to July 2021, the imported aluminium crude metals and alloys by the United States plunged by 3,0000 tonnes or by 2.04 percent on a year-on-year calculation to settled at 1,440,000 tonnes. For the same period last year, the amount exported by Canada was...
The international law firm Curtis that represents clients globally from corporations and governmental entities to emerging entrepreneurs declared that its international trade practice brought a significant victory for the Govt. of Oman and local aluminium sheet and foil producer, Oman Aluminium Rolling Company (OARC), in a year-long probe by the US Department of Commerce into allegations that the sultanate unfairly capitalized OARC’s operations. The critical issue in the US trade case was the accusation that the sultanate directed banks in Oman to dispense OARC with preferential lending. Curtis stated in a statement: “Our international team, comprising lawyers in Muscat, Geneva, and Washington, successfully beat back the allegations. The result was a ‘negative’ finding on the banking...
Lindian Resources Limited concluded the fiscal year 2021 on a good note, with eight new highly prospective tenements added to its existing portfolio in the West African bauxite hotspot in Guinea. According to the report, Lindian secured the tenements through the Lushoto and Pare bauxite projects in Eastern Tanzania’s Mozambique Belt. This puts Lindian Resources in a strong position as it believes that there will be a sustainable need of bauxite supply in the future to feed the burgeoning aluminium demand. According to Lindian, the usage of aluminium will grow significantly in wind and solar power, carbon storage, electric vessels, electric motors, and energy storage markets. The company also believes that aluminium being a lightweight, recyclable metal will play a key role in...
According to the Shanghai Metals Market, social inventories of primary aluminium elevated by 26,000 tonnes to close at 815,000 tonnes on the week across eight major consumption areas, along with SHFE warrants. The increase was mostly due to Wuxi and Nanhai. Last week on September 23, primary aluminium inventories were recorded at 789,000 tonnes by gaining 23,000 tonnes from the previous week. The chart below shows the recent status of primary aluminium inventories across China in more detail: In Nanhai primary aluminium inventories moved up by 7000 tonnes to close at 244,000 tonnes and in Wuxi it increased by 19,000 tonnes to settle at 266,000 tonnes. On the other hand in Gongyi, primary aluminium inventories dropped 10,000 tonnes to settle at 61,000 tonnes. In Chongqing and Linyi,...
The mining and transport minister of Jamaica, Robert Montague stated that the Government finalised an agreement with Concord Resources Holding Limited for the reinstatement of the bauxite production levy on the export of aluminium ore. On 29th September 2021, Montague said to the House of Representatives: “The reinstatement of the levy is one of several agreements coming out of negotiations which started in August with Concord, its new joint partner in New Day Aluminum (Jamaica) Limited.” The former minority shareholder in New Day Aluminum, Concord Resources Holdings Limited acquired majority shares in the American company earlier in 2021, succeeding DADA Holdings Limited as the new overseas partner of the Jamaican Government in Noranda Jamaica Bauxite, which ships the ore to New Day...
Robert Montague, the Minister of Transport and Mining will be updating the parliament about the current situation of Jamalco alumina refinery which was affected by fire breakout on August 22, 2021. The alumina refinery, located in Hayes, Clarendon, was shut down initially after the fire breakout, resulting in significant alumina price hike. The fire began at around 3pm and four units from the Jamaica Fire Brigade were called to help Jamalco’s fire department for extinguishing it. However, on August 23, the refinery reported that “It has since been extinguished, with no serious injuries reported. A full assessment of the damage will be done in the coming days." Jamalco is a joint venture between General Alumina Jamaica Limited and state owned Clarendon Alumina Production Limited (CAP). The...
After two consecutive declines on September 25 and 28, Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices with effect from Thursday, September 30. Hindalco’s aluminium wire rod price has come in at INR 260,100 per tonne, up by INR 3,500 per tonne from INR 256,600 per tonne. Hindalco’s aluminium billets price has also seen an increase of INR 3,500 per tonne on September 30 to stand at INR 256,100 per tonne. On September 28, the price stood at INR 252,600 per tonne after declining by INR 1,500 per tonne from the previous day. Aluminium ingot price has also been grown by INR 3,500 per tonne from INR 245,500 per tonne to INR 249,000 per tonne Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures...
The mining and metals company headquartered in Perth, Western Australia, South32 Ltd. worked out its right to acquire an additional 25% stake in Mozambique-based Mozal Aluminium, a drive that will increase its annual output by 15% from the smelter. South32 acquired the additional stake in the aluminium smelter for $250 million from Mitsubishi subsidiary MCA Metals Holding, raising its stake in the smelter to just over 72%. On 31st August 2021, South32 had net cash of $553 million, while it funded the purchase from cash in hand. The Industrial Development Corporation of South Africa holds a 24% stake in Mozal Aluminium, while the Mozambique government holds 3.9% through preference shares. Graham Kerr, Chief Executive Officer of South32 said: "The smelter benefits from access to...
Three-month LME aluminium opened at US$2,937 per tonne yesterday and closed at US$2,913 per tonne, down by US$19 per tonne or 0.65 percent. On Wednesday September 29, LME aluminium cash (bid) price climbed up by US$14 or 0.48 percent to reach at US$2,912.50 per tonne. LME aluminium official settlement also grew by US$14 per tonne or 0.48 percent to close at US$2,913 per tonne. 3-month bid price and 3-month offer price stood at US$2,929 per tonne and US$2,930 per tonne. December 22 bid price stood at US$2,628 per tonne and the offer price for the same day was noted at US$2,803 per tonne. LME aluminium opening stock for September 28 was recorded at 1248625 tonnes. Live warrants closed at 643700 and the cancelled warrants stood at 604925. LME aluminium 3-month Asian Reference Price for...
According to the Shanghai Metals Market, A00 aluminium ingot price has shrunk by RMB 190 per tonne to come in at RMB 22,630 per tonne on Thursday, September 30, following a sharp rise of RMB 330 per tonne on the previous day to RMB 22,820 per tonne. The average prices are expected to range between RMB 22,610 per tonne and RMB 22,650 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne, down by RMB 40 per tonne from the previous day. In Tinajin and Linyi, primary aluminium ingot price has plunged by RMB 200 per tonne to stand at RMB 22,620 per tonne and RMB 22,580 per tonne, respectively, followed by the decrease of RMB 190 per tonne in Foshan and Gongyi to RMB 22,660 per tonne and RMB 22,470 per tonne. In Hangzhou and Wuxi, A00 aluminium ingot price has...
Tom Dobbins is stepping down from his position as President and Chief Executive officer of the Aluminum Association, Arlington, Virginia, at the end of October 2021. The news came on Tuesday, September 28, after the Aluminum Association announced it officially, adding that the board of directors thanked Dobbins for his service to the association and the aluminum industry. Tom Dobbins has served the association as President and CEO for over a year since March 2020. On receiving the resignation from Tom Dobbins, Aluminum Association has started looking for a new president and CEO. But until the position is filled, several other executives within the association will serve on the association’s interim leadership team. The team includes Joe Quinn, vice president of external affairs at the...
On 29 th September 2021, Aluminium Bahrain B.S.C (Alba) held its first in-person BoD Meeting for the third quarter of 2021 at Alba Oasis Hall. Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Chairman of Alba’s Board of Directors, started the Board meeting with a welcoming note to the Board of Directors and Alba Executives and stated: “We are very thankful to the Kingdom of Bahrain’s Leadership for everything they have done since the start of COVID-19 pandemic and towards His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister for his hands-on efforts along with all frontliners' in Bahrain to bring us to where we are today: citizens and residents in order to keep us safe. We were able to conduct this Board Meeting in-person since the start of the COVID-19...
According to the US Geological Survey (USGS), Mexico imported 9,030 tonnes of aluminium crude metals and alloys from the United States in the month of July 2021, which reflected a month-on-month decrease of 2,470 tonnes or 21.48 per cent. In June 2021, 11,500 tonnes of aluminium crude metals and alloys were exported to Mexico from the US, a growth of 12.75 per cent from 10,200 tonnes in May 2021. On a year-on-year calculation, US aluminium crude metals and alloys exports to Mexico in July 2021 moved up by 2,850 tonnes or by 46.12 per cent from 6,180 tonnes. From January to July 2021, the imported aluminium crude metals and alloys by Mexico surged by 24,900 tonnes or by 54.49 percent on a year-on-year calculation to close at 70,600 tonnes. For the same period last year, the amount imported...
On 5th September 2021, following the political unrest in West African nation Guinea, which dethroned President Alpha Conde, one working official from the Russian aluminium giant Rusal commented: “Political turmoil has not disrupted the mining sector as much as some had predicted. Everything is stable, business is going on. It's just a transition period we are going through." Lieutenant-Colonel Mamady Doumbouya led military group have out-stretched their course of action to reassure foreign investors that they will ratify existing agreements. The coup leaders proved themselves that they are not against any business by withdrawing curfew from the mining areas, which they implemented immediately after seizing power. The group urged mining companies to pursue operations and made sure that the...
According to the International Aluminium Institute, alumina production in Europe, including Russia, continued to grow for the second month in a row in August 2021. IAI data showed the output increased by 19,000 tonnes or 2.12 per cent in the said month to come in at 914,000 tonnes compared to 895,000 tonnes in July 2021. In June 2021, alumina production in Europe, including Russia, stood at 848,000 tonnes, meaning the output in July recorded a hike of 47,000 tonnes or 5.54 per cent month-on-month. On a year-on-year calculation, Europe’s alumina production in August stood 32,000 tonnes or 3.63 per cent higher than 882,000 tonnes. From January to August 2021, alumina production in Europe totalled 6.964 million tonnes, which reflected an increase of 2.32 per cent from 6.806 million tonnes...
The economy of Turkey is recoiling from a pandemic-influenced slump with close to 10% growth expected in 2021 as manufacturing and consumption escalate, but the resonance is feeding into and in turn, being break down by double-digit inflation. The nation that bridges Europe and Asia, Turkey recorded exports of 49,848 tonnes of aluminium cans during 2018-20 and the earnings occurred from the export accounted for $139.74 million. Turkey’s export in 2018 was documented at 7435 tonnes and the earnings generated from the export was $31.44 million, whereas, in 2019, the export observed a sharp growth by 214.20%, as the export volume leapt to 23,361 tonnes and the earnings surged to $56.04 million. In 2020, the aluminium cans exportation of Turkey is exemplified with de-growth by 20%, as the...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices with effect from Saturday, September 25, after a week it decreased the prices on September 17. With the latest hike, NALCO’s aluminium ingot price has come in at INR 246,350-249,850 per tonne, up by INR 3,500 per tonne from 242,850-246,350 per tonne. NALCO’s aluminium wire rod price has also witnessed a rise of INR 3,500 per tonne with effect from September 25 to stand at INR 248,850–253,200 per tonne. Until this hike, NALCO’s aluminium wire rod price hovered around INR 245,350- 249,700 per tonne, which was down by INR 3,000 per tonne from the previous price. NALCO is currently selling its aluminium billets at INR 249,800 – 252,450 per tonne, compared to INR 246,300-248,950 per tonne...
