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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Zimbabwe is going to utilize more than half of the $961 million allocated by the International Monetary Fund in the form of special drawing rights to support its distressed currency. Mthuli Ncube, Zimbabwe’s finance minister, said: “For the support of the currency we want to hold back about $500 million.” The landlocked country in southern Africa, Zimbabwe imported 1975 tonnes of aluminium bar rods and profiles during 2019-20 and the expenditure for the import was accounted for $2.96 million. Zimbabwe’s import of aluminium bar rods and profiles in 2019 was registered at 567 tonnes and the expenditure occurred for the import counted to $1.26 million, whereas, in 2020 the import displayed growth by 148.32%, as the import volume surged to 1408 tonnes and the expenditure also grew to $1.70...
Hindalco Industries Limited continued to increase its aluminium products and aluminium ingot prices in line with LME aluminium benchmark price rally as an outcome of interrupted raw material supply due to military coup in Guinea. With effect from Tuesday, September 7, Hindalco’s aluminium wire rod price stood at INR 243,350 per tonne, up by INR 4,500 per tonne or 1.88 per cent from INR 238,850 per tonne on September 3. Hindalco’s aluminium billets price also saw a hike of INR 4,500 per tonne or 1.92 per cent to settle at INR 239,350 per tonne from INR 234,850 per tonne in the previous week. The company has also raised its aluminium ingot price by the same amount and selling it at INR 232,250 per tonne since September 7. Hindalco Industries Limited links its aluminium ingot and aluminium...
The interrupted supply of aluminium raw material due to military Coup in Guinea has further pushed the Chinese alumina spot price to RMB 3,161 per tonne on Wednesday, September 8. According to the Shanghai Metals Market, the price has climbed by RMB 42 per tonne from RMB 3,119 per tonne on September 7. In Shandong, alumina price has increased by RMB 50 per tonne to come in at RMB 3,175 per tonne, while the price in Henan and Shanxi has closed at RMB 3,200 per tonne by also gaining RMB 50 per tonne. In Guizhou and Guangxi, alumina price has grown by RMB 25 per tonne to stand at RMB 2,975 per tonne. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.10 per kg to settle at RMB 25.35 per kg. The average prices are expected to range between RMB 25.3-25.4...
On 7th September 2021, the Russian Govt. said it is strictly following the political situation in Guinea following a military coup there and hopes that the Russian business interests in the West African nation would go through hardship. The comments came a day after Russian aluminium giant Rusal said it pursues to keep its three major bauxite mines and one alumina refinery in Guinea operating after the military coup there but could evacuate all Russian personnel if the crisis worsened. Dmitry Peskov, the govt. spokesperson, said: “Moscow so far did not plan to offer Rusal any financial support.” Russia has long historic relations with Guinea that goes back to trade and economic cooperation during the Soviet era, and presently, focused mainly on the metals business. Rusal, one of the...
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and US$2,740.50 per tonne, respectively. But 3-months bid price grew by US$3 per tonne to stand at US$2,759 per tonne, while 3-months offer price edged US$2 per tonne higher to peg at US$2,760 per tonne. Dec 22 bid price stood at US$2,688 per tonne and Dec 22 offer price hovered around US$2,693 per tonne. LME aluminium opening stock plunged from 1341000 tonnes to 1333625 tonnes. Live Warrants amounted to 866375 tonnes, while Cancelled Warrants totalled 467250 tonnes. LME aluminium 3-months Asian...
The International Aluminium Institute (IAI) has revealed new data on the aluminium industry’s achievements in diminishing energy efficiency in the industry’s constant sustainability mission. The data release accords with a series of announcements in the lead up to COP26 in Glasgow. The aluminium industry’s energy usage accounts for over two-thirds of global greenhouse gas emissions. The results from the 2020 Global Energy Survey conducted by the IAI deliver evidence of an industry customising pathways to manage the problem. The annual survey, which had a 90% response rate across the global industry, demonstrates the use of sustainable production processes and competently managed to reduce its impact on the environment. Linlin Wu, IAI’s Manager – Statistical Analysis said: “Our industry...
The year 2021 is not over yet, and we are already thrilled to announce the “ AlCircle Expo 2022 ”. If not your support and inspiration, then what it is that motivates us to bring new editions and offerings – be it Industry Report, e-Magazine, or Expo. Like the previous years, the expo in 2022 is going to be virtually scheduled on February 15 & 16. But what going to be new is – More Technology, Bigger Platform, and Wider Scope of Expanding Business! The AlCircle Expo 2022 has already started preparing to bring in the aluminium industry leaders and partners from the entire value chain under one roof, driven by advanced technology to enable them to build a stronger network. Besides video calls, exchange of digital business cards, brochures, product demos etc., you are assured to encounter...
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price is hovering around INR 231,150-234,650 per tonne in comparison with INR 224,750-228,250 per tonne on September 1. NALCO’s aluminium wire rod price has also been increased by INR 6,400 per tonne from INR 227,250-231,600 per tonne to INR 233,650-238,000 per tonne. The company’s aluminium billets price is currently standing at INR 234,600- 237,250 per tonne, 2.80 per cent more than INR 228,200-230,850 per tonne last week. NALCO, like any other Indian aluminium producer, links its aluminium ingot...
The United States imports of aluminium scrap from Canada stood at 36,900 tonnes in June 2021, an increase of 2,800 tonnes or 8.21 per cent month-on-month, found the US Census Bureau. In May, the US imported 34,100 tonnes of aluminium scrap, essentially unchanged from 34,200 tonnes in April 2021. Total imports in the three-month period ended June 30 amounted to 105,200 tonnes, up by 7.02 per cent from 98,300 tonnes in Q1 2021. On a year-on-year basis, the United States’ aluminium scrap imports from Canada in June 2021 stood 20.59 per cent higher than 30,600 tonnes. During the first half of the year, the imports from Canada came in at 203,000 tonnes, 29.30 per cent more year-on-year than 157,000 tonnes. The United States’ total aluminium imports (including aluminium crude metals and alloys...
According to OECD report, the GDP growth of Costa Rica will recover gradually to 2.5% in 2021 and 3.4% in 2022, reinforced by strong external demand from the country’s main trade partners. However, domestic demand will strengthen in H2 2021, as economic restrictions are gradually lifted and the vaccine campaign progresses. The Central American nation, Costa Rica imported 11,281 tonnes of aluminium cans during 2019-20 and the expenditure occurred for the import was accounted for $31.38 million. Costa Rica imported 3661 tonnes of aluminium cans in 2019 and the revenue expended for the import was $17.09 million, whereas, in 2019 the import saw excellent growth by 108.13%, as the import volume shot up to 7620 tonnes, while the expenditure dropped to $14.29 million. The import of aluminium...
Vedanta Limited increased its aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Friday, September 3, bringing aluminium wire rod price to INR 236,000-243,500 per tonne from INR 233,750-241,250 per tonne on September 2. Since the last hike, the company’s aluminium billets price came in at INR 236,500 per tonne, compared to INR 234,250 per tonne on September 2. Vedanta’s aluminium ingot price also saw a raise of INR 2,250 per tonne with effect from September 3 from INR 226,250-239,250 per tonne on September 2 to INR 228,500-241,500 per tonne on September 3. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which after September 1 grew by US$28.50 per tonne to stand at...
The share prices of the world-class bauxite developer Canyon Resources have escalated after Guinea, the world-leading supplier of bauxite experienced its third coup in less than 40 years. The political unrest propelled prices for aluminium rise towering to 10-year highs on concerns that it will interrupt the global aluminium supply chain given that Guinea accounts for about 22% of the world’s production. Vivek Dhar, analyst of CommBank (CommonWealth Bank) said: “If the political instability in Guinea disrupts its bauxite exports, we expect bauxite prices to lift.” The political disruption in Guinea is positive news for Canyon, as it advancing the Minim Martap bauxite project in central Cameroon, with its shares up 8.25% to 10.5c on 7th September. Minim Martap bauxite project in Cameroon...
According to the Shanghai Metals Market, bauxite(4.5≤Al/Si＜5.5) price in Henan has seen an increase of RMB 20 per tonne on Tuesday, September 7, to exceed RMB 500 per tonne. Due to the military coup in Guinea that has fuelled concerns over raw material supply required for aluminium smelting, bauxite price across the globe has witnessed a hike. China, being no exception, has also reported growth in bauxite prices on September 7. Bauxite(4.5≤Al/Si＜5.5) price in Henan has come in at RMB 510 per tonne, while bauxite(4.5≤Al/Si＜5.5) price in Shanxi is standing at RMB 460 per tonne by gaining RMB 10 per tonne. A00 aluminium ingot price in China has grown for the fourth day in a row by RMB 70 per tonne to stand at RMB 21,710 per tonne on Tuesday, September 7, learned SMM. The average prices are...
On 6th September 2021, the Govt. of India stated that state-owned Navratna CPSE Company Nalco has been performing a vital role in empowering micro and small enterprises by providing a modern and innovative platform NAMASYA, an application (App) developed exclusively for the convenience of the PSU's MSE vendors. NALCO Micro and Small enterprise communication application NAMASYA provides a platform to feature the efforts of National Aluminium Company Ltd towards the development of the MSEs. <iframe width="500" height="380" src="https://www.youtube.com/embed/l6NT-yE4Xlo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Mines Ministry said: “The bilingual app enables MSEs...
Three-month LME aluminium opened at US$2,737 per tonne on Monday morning and ranged between US$2,734-2,782 per tonne before closing at US$2,767.50 per tonne, an increase of US$34.50 per tonne or 1.26 per cent. Trading volume was 14,892 lots, and open interest increased by 5,202 lots to 651,000 lots. LME aluminium benchmark price saw another jump of nearly US$50 per tonne or 1.8 per cent on Monday, September 6, driven by political unrest in Guinea that fuelled concerns over raw material supply required for aluminium smelting. LME aluminium cash (bid) price came in at US$2,745 per tonne, while LME official settlement price stood at US$2,745.50 per tonne, the highest since May 2011. 3-months bid price and 3-months offer price rose by over US$52 per tonne to peg at US$2,756 per tonne and...
On 6th September 2021, the bauxite price from Guinea has reached the highest almost in 18 months at top metals consumer market China, as buyers distressed about supply followed a coup in the country. The West African nation Guinea is the world's second-largest producer of bauxite, keeping China behind. Asian Metal assessed Guinean bauxite for delivery to China at $50.50 a tonne, up by1% from 3rd September and the highest since 16th March 2020. The prices soared by around 16% so far in 2021. On 5th September, Guinea's President, Alpha Conde was overthrown by a unit of the army, which augmented a rally in aluminium prices to decade highs, spawning shares of global aluminium giant Norsk Hydro and Rusal to leap. It is still not understandable whether the unrest had impacted any bauxite...
Metal pipes are generally used in carrying fluids and gases in various pneumatic and hydraulic applications. Aluminum Pipe is an extruded product that is extensively utilized for all types of fabrication projects where lightweight and corrosion resistance is a primary concern. The GDP of Vietnam is predicted to stretch by about 4.8% in 2021. However, the country posted a robust economic performance in H1 2021. Rahul Kitchlu, World Bank Acting Country Director for Vietnam said: “Whether Vietnam’s economy will rebound in the second half of 2021 will depend on the control of the current COVID-19 outbreak, the effective vaccine rollout, and the efficiency of the fiscal measures to support affected business and households, and to stimulate the recovery.” The Southeast Asian nation, Vietnam...
The average alumina spot price in China has extended its growth by RMB 45 per tonne to come in at INR 3,119 per tonne on September 6, 2021, found the Shanghai Metals Market. In Shandong, alumina price has climbed by RMB 50 per tonne to stand at RMB 3,125 per tonne, while the price in Henan and Shanxi has settled at RMB 3,150 per tonne gaining RMB 50 per tonne as well. In Guizhou and Guangxi, alumina price has grown by RMB 25 per tonne to stand at RMB 2,950 per tonne. The Australian alumina FOB price has inched up by RMB 2 per tonne to stand at RMB 322 per tonne on September 6, learned SMM. A00 aluminium ingot price has surged by RMB 310 per tonne on September 6 to come in at RMB 21,640 per tonne, backed on the continuous rise in alumina price and limited production of primary aluminium....
