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
On Tuesday, September 28, the supervisory board of AMAG Austria Metall AG, a supplier of premium aluminium cast and rolled products, announced that they extended the contract with their Chief Sales Officer (CSO) Victor Breguncci. The extension of contract will allow Mr Breguncci to head AMAG's sales agenda for another four years. Together with sales team, he will concentrate on the strategic development of existing and new markets and on optimizing the product portfolio in the market for high-quality aluminium products. Victor Breguncci joined Amag on June 3, 2019. He came with vast years of experience in management positions at major aluminium companies such as Vale, Companhia Brasileira de Aluminio and Constellium. For over two years now, Mr Breguncci is part of the AMAG Executive Board...
Electricity is an essentiality of human life and the world’s most populous country China is countering a power shortage. As of now, it is only known that Chinese aluminium smelters are curbing production, steel mills are closing down, while some cities are turning off street lights, as energy sectors are experiencing a lack of thermal coal. Notwithstanding, China’s power distress is feasibly much bigger and savage than it is envisioned. Javier Blas, the Chief Energy Correspondent at Bloomberg posted on social media by writing: “CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down.” China is the world’s biggest consumer of coal with over...
According to the Shanghai Metals Market, the average alumina spot price has continued to grow for the third consecutive day to stand above RMB 3,800 per tonne. SMM data shows the price has built up by RMB 76 per tonne to come in at RMB 3,820 per tonne on Wednesday, September 29. The average alumina price in Guizhou has skyrocketed by RMB 275 per tonne to close at RMB 3,850 per tonne, followed by the hike of RMB 125 per tonne in Guangxi to peg at RMB 3,700 per tonne. In Shandong and Shanxi, alumina price has increased by RMB 50 per tonne to stand at RMB 3,800 per tonne, while the price in Henan is hovering around RMB 3,850 per tonne by also gaining RMB 50 per tonne. Australian alumina FOB price, on the other hand, has remained restrained after a leap of US$57 per tonne to US$457 per tonne...
Three-month LME aluminium rose 1.0 percent to end at $2,932 per tonne on overnight. On Tuesday September 28, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$11 or by 0.38 percent to close at US$2,898.50 per tonne and US$2,899 per tonne. 3-month bid price and 3-month offer price stood at US$2,915 per tonne and US$2,916 per tonne. December 22 bid price was recorded at US$2,798 per tonne and the offer price for the same day settled at US$2,803 per tonne. LME aluminium opening stock for September 28 closed at 1256450 tonnes. Live warrants closed at 679950 and cancelled warrants stood at 576500. For Tuesday, September 28, the LME aluminium 3-month Asian Reference Price was found to be 2893.10. SHFE Aluminium Price Trend Benchmark aluminium SHFE for...
According to China customs data, aluminium foil exports into China during August 2021 stood at 115,400 million tonnes, which reflected a month-on-month increase of 19.28 per cent and a year-on-year rise of 14.08 per cent. Top six importers of China’s aluminium foil include the United Arab Emirates, Mexico, India, Japan, Indonesia, and South Korea, each accounting for over 5 per cent of the total. Thailand, being the largest importer, accounted for 10.86 per cent of China’s total aluminium foil exports by sourcing 12,500 tonnes in August. To the European Union, China exported 9,000 tonnes of the product in the said month, which accounted for 7.77 per cent of the total exports. India imported only 6,600 tonnes, accounting for 5.7 per cent of China’s exports. The European Union originally...
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 next year for its bauxite mining business. The CEO further added, as a controller shareholder, the State-Owned Enterprises Ministry is presently in the process of separating MIND ID and its bauxite business, known as Inalum, into two entities in preparation for the IPO, chief executive Orias Petrus Moeldak said. Orias further added that the State-Owned Enterprises Ministry, as the controlling shareholder, is currently in the process of separating MIND ID and its bauxite business, known as Inalum, into two entities in preparation for the IPO. “If the separation process can be...
Braidy Industries, formerly known as Unity Aluminum, is a Kentucky based aluminum manufacturing company. The company in 2017 promised to build a US$1.7 billion aluminum mill near Ashland, for which, the legislature invested around US$15 million in the company. Craig T. Bouchard, the former CEO and founder of Unity Aluminum promised that the new aluminum mill would be completed by 2020 to produce aluminum sheet for the automotive industry. The mill was also expected to provide 550 well-paid jobs in Ashland. Going by the recent graph, no sign of construction or production can be seen in the area. As a result of which, Kentucky legislature is now demanding back the US$15 million that were invested by the taxpayers for the project in 2017. Unity Aluminum has also failed in meeting their goal...
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 metallurgical grade alumina. That was a decrease of 0.89 per cent compared to a drop of 0.66 per cent last month. In July, the output declined from 11.746 million tonnes in June to 11.669 million tonnes. On a year-on-year calculation, world alumina production in August 2021 grew by 1.53 per cent from 11.382 million tonnes, showed IAI data. During January-August 2021, world alumina production totalled 92.627 million tonnes, up by 5.56 per cent from 87.752 million tonnes a year earlier. The daily average alumina production in August stood at 373,100 tonnes, down by 0.88 per cent from 376,400 tonnes in...
CMR Green Technologies, the metal recycling company and India’s largest producer of aluminium and zinc die-casting alloys with a combined annual capacity of over approx. 310,700 tonnes has filed preliminary papers with capital markets regulator ‘Securities and Exchange Board of India’ (SEBI) to raise funds through an initial share sale. According to the draft red herring prospectus (DRHP), the initial public offering (IPO) comprehends fresh issuance of equity shares worth INR 300 crore and an offer for sale of 3,34,14,138 equity shares by promoters and investors. Those offering shares in the OFS incorporates promoters such as Gauri Shankar Agarwala (34.33 lakh equity shares), Kalawati Agarwal (up to 33.45 lakh equity shares) and Mohan Agarwal and Pratibha Agarwal will divest up to 30.09...
Hindalco Industries Limited has further lowered its aluminium products and aluminium ingot prices on Tuesday, September 28, in line with back-to-back LME aluminium price fall. With effect from September 28, Hindalco has reduced its aluminium wire rod price by INR 1,500 per tonne to INR 256,600 per tonne. On Saturday, September 25, the company’s aluminium wire rod price stood at INR 258,100 per tonne, down by INR 2,500 per tonne from the previous day. In the latest round of price cut, Hindalco’s aluminium billets price also witnessed a slash of INR 1,500 per tonne to INR 252,600 per tonne. On September 25, the price stood at INR 254,100 per tonne compared to INR 256,600 per tonne on September 24. Hindalco has also cut it aluminium ingot price by INR 1,500 per tonne on September 28 from INR...
The economy of Argentina has a mixed economic system that incorporates a variety of private freedom, blended with centralized economic planning and government regulation. Argentina is a member of the Common Market of the South (Mercosur). The economy of the country will grow at 7.2% in 2021, as stated by an analyst in an Argentine central bank poll published a few days back, an improvement on their forecast last month of 6.8% growth. The nation in the southern half of South America, Argentina imported 5585 tonnes of aluminium structures during 2018-20 and the expenditure occurred for the import accounted for $39.79 million. In 2018, Argentina recorded import of aluminium structures of 1071 tonnes and the expenditure incurred for the import was $7.17 million, whereas, in 2019 the import...
The National Food and Strategic Reserves Administration said on Monday, September 27, that China would put another 150,000 tonnes of industrial metals on auction. China is continuing to release inventories from state reserves to lower metal prices. The next auction, which marks the fourth round this year, is scheduled on October 9, 2021. As per the Nasdaq report, the Chinese administration will sell 70,000 tonnes of aluminium, 30,000 tonnes of copper, and the rest 50,000 tonnes of zinc on online platforms operated by Norinco and China Minmetals Corp. The last auction was held on September 1, wherein the administration also released 150,000 tonnes of metals. The upcoming auction will bring the total amount of metal released in 2021 to 570,000 tonnes. Prior to this, the country had not sold...
Commodities tycoon Anil Agarwal led Vedanta Aluminium, which is also India’s largest producer of aluminium and value-added products, has secured the top spot at Perform, Achieve and Trade (PAT) Cycle-II among the Indian aluminium industry. The Ministry of Power, Govt. of India’s regulatory instrument ‘Perform Achieve and Trade (PAT) scheme’ that is deployed to lower specific energy consumption in energy-intensive industries with an associated market-based mechanism to enhance cost-effectiveness through certification of excess energy savings, which can be traded. Vedanta's subsidiary Bharat Aluminium Company (BALCO) bagged the desired apex spot with the highest Energy Saving Certificates among the aluminium smelters in India, followed by Vedanta Jharsuguda's Smelter. The alumina refinery...
On Tuesday, September 28, A00 aluminium ingot price has plummeted by RMMB 440 per tonne to stand at RMB 22,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,470 per tonne and RMB 22,510 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Shenyang, primary aluminium ingot price has nosedived by RMB 505 per tonne to come in at RMB 22,420 per tonne, while the price in Chongqing has plunged by RMB 490 per tonne to peg at RMB 22,440 per tonne. In Foshan and Tianjin, aluminium price has decreased by RMB 450 per tonne to RMB 22,500 per tonne and RMB 22,480 per tonne and that in Wuxi and Hangzhou has shrunk by RMB 445 per tonne to stand at RMB 22,485 per tonne and RMB 22,490 per tonne, respectively....
Three-month LME aluminium opened at US$2,941 per tonne yesterday and closed at US$2,903 per tonne, a decrease of 0.89 percent. On Monday September 27, LME aluminium cash (bid) price dropped by US$17.5 or by 0.60 percent to stand at US$2,887.50 per tonne. The LME official settlement price also subsided by US$17.5 or by 0.60 percent to close at US$2,888 per tonne. 3-month bid price and 3-month offer price settled at US$2,903 per tonne and US$2,904 per tonne. December 22 bid price settled at US$2,777 per tonne and the offer price for the same day was recorded at US$2,782 per tonne. LME aluminium opening stock for September 27 closed at 1273750 tonnes. Live warrants closed at 687700 and cancelled warrants settled at 586050. For Monday, September 27, the LME aluminium 3-month Asian Reference...
On 25th September 2021, the global mining and metal giant Rio Tinto stated that the company and Canadian union Unifor has drawn up an agreement in principle on a new Collective Labour Agreement for BC Works. The agreement materializes following the number of weeks the second-round discussion happened between the two parties after the initial round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had dwindled to go through in July. The largest private-sector union in Canada, Unifor that represents about 900 workers at Rio Tinto’s aluminium smelting plant in Kitimat and power generating facility in Kemano had initiated a strike action at BC Works in July after the first round of discussion went to wane. Rio Tinto published a statement that...
According to the latest update, a team of Andhra Pradesh Mineral Development Corporation (APMDC) officials has 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. Rakia and Penne Group had jointly developed an alumina refinery near Makavarapalem in Visakhapatnam agency based on a MoU signed with APMDC to get bauxite from agency area. Later, as bauxite mining got banned in the agency, RAKIA filed an international arbitration seeking compensation. According to the report, the officials are likely to inform the court that APMDC is ready to allow...
In Eastern Indiana a beverage can company will be building a new factory. The initial process for the new factory has already begun and the new factory is expected to produce around 3.6 billion cans per year. The city of Muncie in the Indiana State of US witnessed the ceremony for the new aluminium can factory, which would be managed by Canpack, the subsidiary of Giorgi Global Holding Inc., a Polish company. According to Canpack, the factory will be able to accommodate around 340 employees. Tom Johnson, Regional Manager of US at CANPACK Group said: “The new factory will help meet the demand for more beverage cans in the U.S.” He further stated that the company is planning to commence its recruitment process by early next year and make the company ready in late 2022. 15 years of property...
