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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Walid Al Attar, Chief Commercial Officer of Emirates Global Aluminium, has reportedly received a prestigious award titled “World’s Top Aluminium Executive 2020-21” at an annual global industry summit in Chicago. The award recognises outstanding long-term contributions to the global aluminium industry every year at the Harbor Aluminium Summit. Mr Al Attar began his career in 1984 as a trainee transport administrator in the shipping department in Dubai Aluminium. Ten years later, he joined the Company's Marketing and Sales team, playing a key role in the initial transition from selling commodity metal to traders to building direct relationships with customers making products with aluminium. In Emirates Global Aluminium, where Mr Attar joined in 2014 as the Chief Marketing Officer,...
On Monday, September 20, LME aluminium cash (bid) price decreased by US$67.5 or by 2.31 percent to close at US$2846.50 per tonne. The LME official settlement price dropped by US$68 or by 2.33 percent to settle at US$2847 per tonne. 3-month bid price and 3-month offer price closed at US$2856 per tonne and US$2857 per tonne. December 22 bid price stood at US$2695 per tonne and the offer price for the same day was recorded to be US$2700. LME aluminium opening stock for September 20 settled at 1326150 tonnes. Live warrants were recorded at 764075 and the cancelled warrant closed at 562075. LME aluminium 3-month Asian Reference Price settled at US$2833.79 per tonne as of September 20. SHFE Aluminium Price Trend Due to the Mid-Autumn Festivals, the SMM officials are closed from September 19 to...
On 20th September 2021, Rusal operated two trains collided in Guinea's capital Conakry, resulting in killing at least one person while injuring eight others, as witnessed by local citizens. The leading producer of low carbon aluminium Rusal operates three bauxite mines and an alumina refinery in the West African nation, Guinea. Its mines account for 42% of Rusal's total bauxite capacity. Jean Tamba Kantabadouno, a delegate from Rusal’s labour union said: “The accident occurred because of a misunderstanding when a train carrying bauxite broke down in a Conakry suburb at 5 am on Monday.” "The technicians were struggling to fix it and get it back on track when another train loaded with bauxite collided with the train," he added. Kantabadouno said: “Communication had been faulty all along the...
Sohar Aluminium (SA), one of the first aluminium smelter in the Sultanate of Oman has become the “Production and Transformation Member” in ASI or the Aluminium Stewardship Initiative, further enhancing and increasing their firm commitment towards Environment, Social, and Governance (ESG). The Aluminium Stewardship Initiative (ASI) is a global non-profit standard settings and certification organisations for the Aluminium industry. With this, Sohar Aluminium joins around 190 global producers, users, downstream, upstream, stakeholders and also supporters of the aluminium value chain. The Environment, Social, and Governance (ESG) is one of the most vital and trending standards and measures of success for various profit and non-profit companies, including the government. ESG is a very common...
On Friday, September 17, the United States Department of Commerce announced the final anti-dumping duties on the imports of certain aluminium foil from Armenia, Brazil, Oman, Russia, and Turkey. A few months ago, the Commerce Department made a preliminary determination that aluminium foil imported from the above mentioned countries was being sold at a lower than the fair value. The United States had then enforced a cash deposit equivalent to 188.84 per cent of the product value until the final countervailing duties. The countervailing or anti-dumping duties determined by the US are as follows: Armenia 29.11 percent Brazil 13.93 to 63.05 percent Oman 5.82 percent Russia 62.18 percent Turkey 4.88 percent On the arrival of the final decision on September 17, Tom Dobbins, president and CEO of...
On Saturday, September 18, Hindalco Industries Limited continued to increase its aluminium products prices, bringing its aluminium wire rod price to INR 258,100 per tonne. That was an increase of INR 3,250 per tonne or 1.28 per cent from INR 254,850 per tonne on September 16. Hindalco’s aluminium billets price also saw a hike of INR 3,250 per tonne from INR 250,850 per tonne to INR 254,100 per tonne as of September 18. The Company’s aluminium ingot price came in at INR 247,000 per tonne with effect from September 18, compared to INR 243,750 per tonne on September 16. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which grew on Friday, September 17, by US$46 per tonne to US$2,915 per...
Emirates Environmental Group (EEG), a UAE based environmental group is going to launch their “Annual Can Collection Drive 2021,” on November 6, 2021. For the “Annual Can Collection Drive 2021,” the UAE residents have been asked to register online and start collecting aluminium cans for the drive. The residents can drop their collected cans on the day of the event, i.e. on November 6, 2021. The location for dropping the cans will be revealed a week prior to the commencement of the drive. Previously this year, during the 25 th annual can collection drive, around 2.57 tonnes of aluminium cans were collected till the end of July. This means that around 12.9 percent of the goal (20 tonnes) set by Emirates Environmental Group for the entire 2021 has been achieved. In 2020, around 11.67 tonnes...
On Monday, September 20, En+ Group has unveiled its Pathway to Net Zero Report, providing comprehensive detail of initiatives that it is pursuing to achieve its climate goals announced in January 2021. En+ Group, the world’s biggest producer of low carbon aluminium and independent hydropower, aims at becoming net zero by 2050 and reducing greenhouse gas emissions by at least 35 per cent by 2030. The report revealed today contains plan of action to meet these sector leading targets by reducing GHG emissions across the whole value chain in line with 1.5°C pathways. The goal is to achieve zero impact on the climate from its emissions. The plan of action is meant for production facilities of both the Metals and Power segments. Lord Barker, Executive Chairman of En+ Group, said: “In January we...
According to the latest PMI data, it signalled rapid growth of the Italian private sector economy during July, as the Covid-19 restrictions were untightened and sustained boost to client demand across manufacturing, services and construction, while the latter also received added benefit from government eco- and super-bonus tax relief schemes. The second-largest industrial manufacturer in the European Union, Italy exported 784, 537 tonnes of aluminium plates, sheets and strips during 2018-20 and the revenue sourced from the export accounted for $2.06 billion. Italy exported 123,377 tonnes of aluminium plates, sheets and strips in 2018 and the earnings occurred from the export was $367.46 million, whereas, in 2019, the export saw an enterprising growth by 186%, as the export volume sparked...
Three-month LME aluminium opened at US$2,890 per tonne on Thursday morning and ranged between 2,850-2,910 per tonne before closing at US$2,890.5 per tonne, an increase of US$0.5 per tonne or 0.02 percent. Trading volume was 16,000 lots, and open interest decreased by 3,968 lots to 646,000 lots. On Friday September 17, LME aluminium cash (bid) price increased by US$45.5 or by 1.58 percent to settle at US$2,914 per tonne. The LME official settlement price also inched up by US$46 or by 1.60 percent to come in at US$2,915 per tonne. 3-month bid price and 3 month offer price stood at US$2,926.50 per tonne and US$2,927 per tonne. December 22 bid price stood at US$2,758 per tonne and the offer price for the same day settled at US$2,763. LME aluminium opening stock for September 17 stood at...
According to the latest data shown by the General Administration of Customs on Saturday, September 18, China imported 247,547 tonnes of unwrought aluminium and aluminium products, which also included primary metal. That was 20.7 per cent lower than 312,086 tonnes in July and down 42.4 per cent from a year ago. Arrivals of unwrought aluminium and aluminium products to China in August 2021 hit the lowest since May. In August 2020, imports hit the second-highest on price arbitrage made it cheaper for domestic buyers to source overseas metal. In the remaining of this year, demand of imported aluminium in China is hovering at a high level due to distressed domestic aluminium supply caused by production curbs on smelters and restrictions on electricity usage in several regions. On the other...
The Ministry of Finance, Govt. of India has imposed definitive anti-dumping duty on aluminium foil imports of thickness 80 microns and below from China, Malaysia, Thailand and Indonesia. The validation of the duty is for five years, while it ranges from $93.53 to $976.99 per tonne depending on the producer and country of export. The latest finance department action comes from its investigating arm Directorate General of Trade Remedies (DGTR) recommendation in its final findings in June 2021 for levy of such duties. DGTR initiated the anti-dumping probe, following the receipt of the petition from Hindalco Industries, Jindal, and Raviraj Foils. However, it may be recollected that in June DGTR instituted the probe, but it did not count South Korea for the investigation even though...
The aluminium downstream sector remained insightful during the week. However, the political instability in the world’s second-largest producer of bauxite, Guinea has installed another gear to the hike in the price of aluminium and it reached to 13years high of $3000 per tonne. Bulgaria’s Alcomet, the leading manufacturer of aluminium rolled and extruded products in the country have put into operation a new facility for processing aluminium profiles following an investment of € 6.9 million. The diversified financial services company engaged in investment banking and capital markets, asset management and direct investing, Jefferies Indian analyst stated in their note that the fresh upturn in aluminium prices has geared up earnings outlook for Hindalco. The hitch in the aluminium supply...
On 17th September 2021, an innovative company highly specialized through its revolutionary technology, A3 Surfaces launched its first plant in the industrial park of Haut-Saguenay. The company is known for marketing antimicrobial anodized aluminium. For the Saguenay Company, this initiative will open a new way for the international deployment of their technology. The inauguration happened at the new factory in front of the audience from the political background, industrial figures, famous tennis player Félix Auger-Aliassime, the official ambassador of the Saguenay SME and 11th racquet in the world. Other famous people like the Minister of Municipal Affairs and Housing of Quebec, Minister for the Saguenay, Lac-Saint-Jean region, as well as Lucie Lecours. The inauguration also had Rio Tinto...
The political instability in the West African nation Guinea still pursued this week, though mining operations in the country continues unhampered and ports remained functional for shipment. However, the coup in Africa’s bauxite kingdom has stirred the price of aluminium to 13 years high at $3000 per tonne. The chief of the elite army that dethroned President Alpha Conde stated Guinea is a country with immense mineral potentially but the population still remains in poverty. The London headquartered data analytics and consulting company GlobalData, a gold standard data provider to the world's largest industries stated the global bauxite production to climb 406.7 million tonnes by 2025, growing at a CAGR of 2.2% during 2021-2025. The coup in Guinea that by overthrowing President Alpha Conde...
The most notable event we witnessed this week in the global primary aluminium sector was the LME aluminium price leap to a 13-year high at US$3,000 per tonne, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official settlement price dropped the same day to close at US$2,949 per tonne and US$2,950 per tonne, however, up by 1.8 per cent from the previous day. The prices ended the week at US$2,914 per tonne and USS$2,915 per tonne, respectively. To know more: https://www.alcircle.com/news/lme-aluminium-price-ends-this-week-lower-at-2915-t-after-touching-3000-t-shfe-price-closes-at-3516-t-70398 A00 aluminium ingot price in China started the week on September 13 at a peak of RMB 23,420 per...
The International Organisation of Aluminium Aerosol Container Manufacturer (AEROBAL) has announced the winners of the recently held state-of-the-art aluminium aerosol cans competition. The award was presented by a panel of nine journalists from industry magazines to the cans that were new and creative in terms of sustainability, marketing, design, and printing. The first position under the “Sustainability” category was awarded to the aluminium can from Cien Deo, which is produced by Tubex, a German can manufacturer and the winner is being described as, “the first aluminium aerosol can printed with an eco-friendly and sustainable printing ink.” According to AEROBAL, the ink used on the container of the sleek deodorant is GMOs free, as well as soybean or coconut oils, minerals, palm and all...
On Monday, September 13, the LME aluminium benchmark price touched the milestone of US$3,000 per tonne, the highest since 2008, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid) price and LME official settlement price dropped the same day to close at US$2,949 per tonne and US$2,950 per tonne, however, up 1.8 per cent from the previous day. On Tuesday, September 14, LME aluminium cash (bid) price and LME official settlement price decreased by nearly 3.5 percent to come in at US$2,846.50 per tonne and US$2,847 per tonne. The prices increased on Wednesday September, 15, to US$2,867 per tonne and US$2,868 per tonne, respectively, which further inched up on Thursday to stand at US$2,868.50 per tonne and...
