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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Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from September 3, the next day after it reduced the prices by INR 4,000 per tonne. The company’s aluminium ingot price came in at INR 227,750 per tonne, up by INR 2,000 per tonne or 0.90 per cent from INR 225,750 per tonne. Hindalco started selling its aluminium wire rod at INR 238,850 per tonne with effect from September 3, also an increase of INR 2,000 per tonne from INR 236,850 per tonne on September 2. Aluminium billets price stood at INR 234,850 per tonne since the latest hike, compared to INR 232,850 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after September...
The world’s second-largest producer of bauxite, Guinea’s unit of military seized power and suspended the constitution, destabilizing the West African nation, which is the global largest exporter of aluminium ore. On 5 th September 2021, Colonel Mamady Doumbouya, the head of Guinea’s Special Forces announced the takeover on a state broadcasting platform and influenced the armed forces to back him. The colonel said: “The action was taken to address financial mismanagement and corruption in Guinea under President Alpha Conde.” “If you see the condition of our roads, of our hospitals, you realize that it is time for us to wake up. We are going to initiate a national consultation to open an inclusive and peaceful transition, Doumbouya added. Guinea contests with Australia as China’s largest...
Three-month LME aluminium opened at US$2,695 per tonne last Friday morning and ranged between US$2,678-2,733.50 per tonne before closing at US$2,733 per tonne, an increase of US$31.50 per tonne or 1.17 per cent. Trading volume was 14,757 lots, and open interest decreased by 11,112 lots to 646,000 lots. LME aluminium cash (bid) price and LME official settlement price rose slightly by US$1.50 per tonne on Friday, September 3, to stand at US$2,696 per tonne, following a rise of US$27 per tonne on the previous day. 3-months bid price and 3-months offer price dropped by US$2 per tonne to come in at US$2,703.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,647.50 per tonne, down by US$14 per tonne from US$2,661.50 per tonne on September 2. LME aluminium opening stock...
The United Kingdom is one of the leading consumers and importers of aluminium foil in Europe. Aluminium foil creates an absolute obstacle to light, oxygen, moisture and bacteria and this is the reason, foil is heavily used in the food and pharmaceutical packing industry. Aluminium foil is also used to prepare aseptic packaging, a specialized manufacturing process in which food, pharmaceutical, or other contents are sterilized separately from packaging and contents are then inserted into the container in a sterile environment. This type of packaging permits the storage of perishable goods without refrigeration. The United Kingdom made up of England, Scotland, Wales and Northern Ireland imported 97,928 tonnes of aluminium foil in 2020 and the import accounted for the expenditure of $282.44...
On 2 nd September 2021, Concord Resources, the major shareholder of New Day Aluminium stated that the only left alumina refinery in the USA has resumed its production facility in Gramercy, Louisiana, as the operations were ceased due to Hurricane Ida. Mark Hansen, CEO of Concord Resources, said: “Alumina production at Gramercy went into a planned curtailment on Sunday morning as part of preparations to safely manage our site through the storm.” “After extensive safety checks, there was no serious damage to the alumina refinery or its infrastructure”, Hansen added. “We will resume bauxite refining operations and alumina production this week, thanks to the hard work of the refinery management and staff.” The CEO further added: “The rate of production will depend on several factors,...
Global aluminium downstream industry remained muted this week except delivering a few updates such as Hulamin’s, South Africa-based aluminium supplier and exporter, flattering results for both rolled and extruded product segments and the rise in China’s aluminium billet inventories on large arrivals of stocks. During the six-month period ended June 30, 2021, Hulamin’s rolled and extruded product sales rose 43 per cent and 58 per cent, respectively, from the same period last year. As report revealed, Hulamin’s profit improved, generating free cash flows of R128 million. Hulamin’s overall group sales volume increased 44 per cent to 102,000 tonnes for the period, while revenue spiked 50 per cent to INR5.5 billion. EBITDA also saw a hike of 166 per cent to INR78.6 million, while basic...
The global alumina industry saw a few updates this week that included China’s domestic alumina price surge and Europe’s one of the largest alumina refineries Eurallumina to resume operations in a while. The average alumina spot price in China rose throughout the week starting at RMB2,802 per tonne on Monday, August 30. On Tuesday, August 31, the price jumped by RMB96 per tonne to stand at RMB2,898 per tonne, which further increased on Wednesday, September 1, by RMB76 per tonne to come in at RMB2,974 per tonne. On September 2 and 3, China’s domestic alumina price continued to grow to RMB3,029 per tonne and RMB3,074 per tonne, respectively. To know more:...
LME aluminium cash (bid) price and LME official settlement price reached a 10-year high this week at US$2,714 per tonne as of Tuesday, August 31. Due to a summer bank holiday, the LME market was closed on Monday and started the week on Tuesday. Next day, on September 1, both LME aluminium cash (bid) price and LME official settlement price decreased by US$46.50 per tonne to stand at US$2,667.50 per tonne. On Thursday, September 2, LME prices gained US$27 per tonne to come in at US$2,694.50 per tonne. LME aluminium cash (bid) price and LME official settlement price closed the week on Friday, September 3, a slightly higher by US$1.50 per tonne to US$2,696 per tonne. 3-months bid price and 3-months offer price climbed US$ 40.50 per tonne on Tuesday, August 31, to come in at US$ 2,696 per...
The week remained heavily prosperous for the primary segment of the global aluminium industry. The global rise of the aluminium price has climbed to a 10 year’s high, due to the limited production in China. The Indian primary aluminium producers have delivered a notable performance in the Q1 of 2021-22 and furthermore, all three of the industries are going for the expansion process. In the Gulf region, EGA reported strong half-year financial performance ever and the company’s profit stood at AED 1.74 billion ($473 million) in the first half of 2021. Hindalco Industries Limited has decreased its aluminium ingot and aluminium products prices with effect from Thursday, September 2, after increasing them for three consecutive times from August 24-28. From today, Hindalco is selling its...
On 2 nd September 2021, Samuel Abu Jinapor, the Minister of Lands and Natural Resources of Ghana, inaugurated the new Governing Board of GIADEC with a charge for members to give meaning to Akufo-Addo’s vision of a “Ghana Beyond Aid” by delivering on GIADEC’s mandate of developing an Integrated Aluminium Industry (IAI) in Ghana. The Minister said: “As much as I recognize that a lot of work is being done in respect of the President’s vision of developing an Integrated Aluminium Industry in Ghana, we have to begin to move from plans, strategies, proposals or what we intend to do to what we have done in respect to the vision of an IAI.” “What the Ghanaian people are looking for ultimately is that we have this industry planted here in Ghana”, he further added. However, Minister Abu Jinapor...
On 2 nd September 2021, as the prices for the raw material of the metal aluminium towered at two years high, an advisor to China Hongqiao Group stated that the Group’s alumina refinery in Indonesia to commence its 2 nd phase up by the end of 2021. In 2016, the first 1 million tonnes per year phase of the Well Harvest Winning alumina refinery on the island of Borneo initiated production. The aluminium giant then targeted to execute the 2 nd phase by 2020 but fresh disclosures only said it was "progressing smoothly." Ron Knapp, International Adviser of Hongqiao, said: "A second phase of the Indonesian project - another 1 million tonnes - should come online later this year.” The former secretary-general of the International Aluminium Institute, Ron Knapp added: “Hongqiao currently has around...
According to the Shanghai Metals Market data, aluminium billet inventories in China built-up 14,600 tonnes or 11.7 per cent from a week ago to stand at 139,000 tonnes on Thursday, September 2. Last week, on August 26, China’s aluminium billet inventories hovered around 124,400 tonnes after declining by 6,200 tonnes across five major consumption areas. Large arrivals at warehouses amid weaker purchases resulted in inventory accumulation, found SMM. Downstream aluminium extrusion companies reduced purchases due to poor orders and high aluminium prices. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium billet inventory jumped by 10,500 tonnes to come in at 67,400 tonnes on September 3. In Nanchang, inventory grew by...
According to a recent report, Aluminium Stewardship Initiative (ASI) has successfully certified Alcoa’s Aluminerie de Bécancour (ABI) and Aluminerie de Deschambault smelters in Quebec, Canada, against the Performance Standard Certification for responsible production, sourcing and stewardship of aluminium. The two smelting facilities have a combined annual production capacity of more than 670,000 tonnes of aluminium ingots, billets and slabs. The ASI Performance Standard defines environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of Governance, Environment and Social, which address key issues such as biodiversity, Indigenous Peoples rights,...
As per the OECD report, the Swedish economy is regaining its strength, with projected GDP growth close to 4% in 2021 and 3½% in 2022, on the shoulder of rising exports, which boost the manufacturing production and investment, and strong fiscal and monetary support. However, during the first half of 2021, pandemic-related restrictions and voluntary distancing have pulled back the recovery in services requiring face-to-face interaction, but growth will broaden during H2 2021. The Scandinavian nation, Sweden exported 3886 tonnes of aluminium powder and flakes during 2018-20 and the earnings generated from the export was accounted for $15.02 million. Sweden, the largest country in Northern Europe exported only 705 tonnes of aluminium powder and flakes in 2018 and revenue generation counted to...
The average alumina spot price in China has continued to grow for the fifth day in a row to reach at RMB3,074 per tonne as of Friday, September 3. According to the Shanghai Metals Market, the price has increased by RMB45 per tonne today from RMB3,029 per tonne on September 2. In Shandong, alumina price has surged by RMB75 per tonne to stand at RMB3,075 per tonne, while the price in Henan and Shanxi has climbed RMB50 per tonne to come in at RMB3,100 per tonne. Australian alumina FOB price has, however, continued to remain restrained at US$320 per tonne as of September 3. Among other primary aluminium input costs, aluminium powder price has inched up by RMB0.10 per kg to stand at RMB24.85 per kg. The average prices are expected to range between RMB24.8-24.9 per kg. A00 aluminium ingot price...
LME aluminium benchmark price closed 1 per cent higher on Thursday, September 2. LME aluminium cash (bid) price and LME official settlement price increased by US$27 per tonne to stand at US$2,694.50 per tonne on Thursday, September 2, following a decline of US$46.50 per tonne on the previous day. 3-months bid price and 3-months offer price surged by US$41 per tonne to come in at US$2,705.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,661.50 per tonne, up by US$41.50 per tonne from US$2,620 per tonne on September 1. LME aluminium opening stock slipped from 1336850 tonnes to 1335300 tonnes. Live Warrants stood at 862600 tonnes, while Cancelled Warrants totalled 472700 tonnes. LME aluminium 3-months Asian Reference Price settled at US$2,728.42 per tonne as of...
The Emirati state-owned holding company, Mubadala Investment that can be characterized as a sovereign wealth fund is expected to select three top US banks as lead underwriters for a prospective IPO of Emirates Global Aluminium (EGA), as reported by the industry professionals. Mubadala Investment, the sovereign wealth fund, an organization that is strongly connected to Mohamed bin Zayed, the Crown Prince of Abu Dhabi is composing to bring on board Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. to arrange the planned IPO, as per our information collected from the experts. They further stated the share sale could value Middle East’s largest aluminium producer, EGA at more than $15 billion. Emirates NBD Bank PJSC and First Abu Dhabi Bank PJSC are also anticipated to get...
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices with effect from Wednesday, September 1. After rebounding by INR 8,000 per tonne on August 25, NALCO’s aluminium ingot price has reduced by INR 2,000 per tonne or 0.88 per cent from INR 226,750-230,250 per tonne on August 25 to INR 224,750-228,250 per tonne on September 1. NALCO’s aluminium wire rod price has come in at INR 227,250-231,600 per tonne, declining by INR 2,000 per tonne from INR 229,250-233,600 per tonne in the previous week. The company’s aluminium billets price has also seen a cut of INR 2,000 per tonne to stand at INR 228,200-230,850 per tonne with effect from September 1. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product...
