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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The India-based Chinese smartphone manufacturer, Realme headquartered in New Delhi, India and Shenzhen, China is going to launch Realme Pad in India soon. The tablet has been sneak-peaked multiple times in the past, but this time, the company’s India and Europe CEO Madhav Sheth has confirmed its forthcoming arrival. Sheth shared a teaser poster of Realme Pad, showing a portion of its side profile. The tablet is teased to feature a lightweight design and it is expected to come in a dual-tone finish. Realme Pad is tipped to sport 8-megapixel front and back cameras. However, both cameras are expected to capture images in 3,264x2448 pixels resolution. The upcoming tablet is teased with a sporty look, a slim profile, an edged metal frame, and has a slight camera bump. The CEO suggests that the...
According to the Shanghai Metals Market, social inventories of primary aluminium across eight major Chinese consumption areas have fallen this week by 5,000 tonnes after recording hikes for the past three consecutive weeks. SMM data shows the inventories have come in at 749,000 tonnes as of September 2, compared to 753,000 tonnes last week. The chart below indicates the current status of primary aluminium inventories across China in more detail: Wuxi, Gongyi, and Shanghai have contributed most of the decline as inventories there have decreased by 10,000 tonnes, 6,000 tonnes, and 2,000 tonnes, respectively. Therefore, the inventory in Wuxi has come in at 235,000 tonnes, Gongyi 63,000 tonnes, and Shanghai 71,000 tonnes. Meanwhile, inventory in Nanhai has grown due to poor demand by 11,000...
The latest drinks brand that has fall prey to shortages in the United Kingdom is Diet Coke amid the ongoing driver crisis and limited supply of aluminium cans. In recent days, complaints across social media have been posted about the scarcity of Diet Coke products. Furthermore, one consumer affirms, for weeks he was unable to discover any of its cans in Morrisons supermarket. However, a spokeswoman for Coca-Cola Europacific Partners (CCEP) confirmed it had been experiencing shortages. “The whole industry is facing a challenge in regards to a shortage of haulier drivers and the beverage sector is also managing through a tight supply situation of aluminium cans”, she said. “CCEP had been working closely with its customers to help navigate this complex situation, she added. Citing Nielsen...
Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price has come in at INR 234,250 per tonne, compared to INR 238,250 per tonne last week. Vedanta’s aluminium ingot price has not been barred from the cut and therefore standing at INR 226,250-239,250 per tonne, also down by INR 4,000 per tonne from INR 230,250-243,250 per tonne on August 28. Vedanta limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange, which plunged by US$46.50 per tonne on Wednesday, September 1, to settle...
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 aluminium ingot at INR 225,750 per tonne, down by INR 4,000 per tonne from INR 229,750 per tonne on August 28. Hindalco’s aluminium wire rod price has come in at INR 236,850 per tonne with effect from September 2, a decrease of INR 4,000 per tonne as well from INR 240,850 per tonne. The company’s aluminium billets price has also seen a cut of INR 4,000 per tonne from INR 236,850 per tonne on August 28 to INR 232,850 per tonne on September 2. <iframe width="500" height="380" src="https://www.youtube.com/embed/Cn4YIgmVRc0" title="YouTube video player"...
The analysis report generated by ING in August 2021, unfolded that the GDP of the Netherlands is inflated by 3.1% in Q2 2021 compared to the preceding quarter, following a quarter of mild decline (-0.8%). The significant dip in the number of new Covid-19 cases per day and falling hospitalisation numbers have driven the persuasion of the step-by-step withdrawal of social distancing measures in the second quarter. However, most activities were permitted again at the start of the summer, although some restrictions remain. Offline retail, bars & restaurants, and events benefitted noticeably, coinciding with a growth of household consumption of 5.7% quarter-on-quarter in 2Q21. Aluminium is highly accepted in the food industry in the form of aluminium containers and others. It provides a total...
Vedanta Limited, the mining and metal giant has released the sixth edition of its ‘Tax Transparency Report’ for fiscal 2020-2021. The company is also well recognised as India's biggest producer of aluminium and one of the largest power generators in India. The report highlights the commodity conglomerate’s focus on transparency, greater accountability towards stakeholders, compliance and details of economic contribution to the society by way of taxes paid. Vedanta’s contribution to the exchequer during FY 2020-21 was INR 34,562 crore which accounts for 40% of the consolidated turnover. However, amid the challenges caused by the Covid-19 pandemic during the fiscal, Vedanta’s tax contribution in FY21 was nearly INR 550cr higher than the existing financial year. The tax contribution of...
A joint research study by two European climate think tanks clearly stated that the European Union’s proposal of the world’s first carbon tax is likely to strike Russia hefty while China to remain fairly unscratched. In July, the EU proposed a Carbon Border Adjustment Mechanism (CBAM), or we can commonly say CO2 tariff, on highly emitting products from 2026, pushing some businesses importing into the EU, will be forced to pay carbon costs at the border on carbon-intensive products such as aluminium and steel. However, according to the European Commission proposals, the CBAM will be introduced in 2023 in advance before becoming fully functional in 2026. The sectors which will be incorporated in the CBAM imply only around 3.2% of the total imports incoming to the EU per year, whereas, their...
A00 aluminium ingot price in China has recorded an increase of RMB70 per tonne on Thursday, September 2, following a downfall of RMB80 per tonne on the previous day. According to the Shanghai Metals Market, primary aluminium ingot price has come in at RMB21,230 per tonne, with average prices likely to range between RMB21,210-21,250 per tonne. The spot contract is expected to be traded at a premium price of RMB40-0 per tonne. In Foshan, A00 aluminium ingot price has gained RMB110 per tonne to stand at RMB21,350 per tonne, while the price in Wuxi, Hangzhou, and Shenyang has increased by RMB100 per tonne to RMB21,230 per tonne, RMB21,260 per tonne, and RMB21,225 per tonne, respectively. Primary aluminium ingot price in Gongyi, Chongqing, and Linyi has grown by RMB80 per tonne to settle at...
LME aluminium opened at US$2,710 per tonne on Wednesday morning and closed at US$2,693.50 per tonne, down by US$13 per tonne or 0.48 per cent. LME aluminium cash (bid) price and LME official settlement price plunged by US$46.50 per tonne to stand at US$2,667.50 per tonne on Wednesday, September 1, following the two consecutive days of rise to a 10-year high. 3-months bid price and 3-months offer price declined by US$31.50 per tonne to come in at US$2,664.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$2,620 per tonne, down by US$28 per tonne from US$2,648 per tonne on August 31. LME aluminium opening stock increased from 1334675 tonnes to 1336850 tonnes. Live Warrants stood at 862625 tonnes, while Cancelled Warrants totalled 474225 tonnes. LME aluminium 3-months...
On 31 st August 2021, the affected inhabitants restarted their protest against the construction of the second red mud pond by the state-owned aluminium producer NALCO near Denga Jani Guda under the Dasmantpur block. The protesters staged a dissent in front of the Koraput Collector’s office demanding complete displacement and immediate compensation as per the latest Rehabilitation and Resettlement policy. Several distressed villagers including the women of Denga Jani Guda said: “We will not allow construction of the second red mud pond and related works in the area if proper rehabilitation package is not provided to them soon.” The demands of the protestors comprised shifting of affected families to a safe place and requisite compensation. However, they also demanded jobs for family...
The world aluminium sector in August 2021 demonstrated a sharp rise in demand for the metal from every corner of the earth. The month observed the surge in the price of aluminium, which escalated by over 30% from $ 2013.50 per tonne to US$ 2673.50 per tonne, while it has been recorded as a 10 year high. However, the major reason behind this is due to limited production in China, the world’s largest aluminium producer, for restricted-energy usage is reportedly rippling through the cost of end-user products. During a conversation with Dr Tapan Kumar Chand, Resident Director - Vedanta & Former Chairman cum Managing Director of National Aluminium Company (NALCO), said AlCircle on the issue of the spike in the price of aluminium: “The surge in prices of Aluminium is a part of the general surge...
In the second quarter of 2021, the United States imported 383,000 tonnes of alumina, a decrease of 33,000 tonnes or 7.93 per cent from 416,000 tonnes in the first quarter, found the US Census Bureau. However, on a year-on-year calculation, the United States alumina imports in Q2 2021 stood 6.09 per cent higher than 361,000 tonnes. In the six-month period, the United States total alumina imports amounted to 799,000 tonnes, up 11.28 per cent from 718,000 tonnes during the same period last year. Brazil continued to be the leading exporter of alumina to the United States, supplying 252,000 tonnes in Q2 2021. That was up by 32,000 tonnes or 14.55 per cent from 220,000 tonnes in Q1 2021. On a year-on-year basis, the export from Brazil to the US stood 27.92 per cent higher than 197,000 tonnes....
On Monday, August 30, the China Nonferrous Metals Industry Association (CNIA) held a meeting attended by the country’s top aluminium smelters to discuss the continuous surge in aluminium prices, both on the Shanghai Futures Exchange and the London Metal Exchange. Reaching at a 13-year high, aluminium price on the Shanghai Future Exchange stood at RMB21,550 per tonnes on Monday, the highest since August 2008, driven by production curbs in key Chinese smelting regions due to flood and strict power consumption restrictions. On a year-to-date basis, Shanghai aluminium price is up by more than 37 per cent even after releasing some metal from state reserves, in a bid to ease cost pressure on manufacturers. On Tuesday, August 31, the LME aluminium benchmark price notched a 10-year peak at...
Italy stands as one of the leading producers and exporters of aluminium bar rods in the European Union region. The Covid-19 pandemic has thoroughly affected the global manufacturing sector, and it has also hit hard at the Italian export of aluminium bar rods and profiles in 2020. The nation's export of the above said aluminium product has been recorded with a de-growth of 35.45% on Y-o-Y, as the export dropped from 303,991 tonnes to 196,221 tonnes, whereas, the revenue earnings also plunged by 52.61%. In 2019, Italy generated $1.31 billion from the export, while in 2020 it fell to $623.88 million. Italy remained one of the first nations who were heavy infected with the deadly Covid-19 virus and the death rate was equally high. However, after all the consequences of the pandemic and with a...
South Africa-based aluminium supplier and exporter Hulamin recorded flattering results for both its rolled and extruded product segments, despite the ongoing Covid-19 pandemic. During the six-month period ended June 30, 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 earnings a share surged by 139 per cent to 29c. Enhancement in Hulamin’s both rolled and extruded products included improvements in capacity...
The largest aluminium producer in Brazil, Companhia Brasileira de Alumínio (CBA) has accomplished the acquisition of a 49% stake in a 171.6-MW wind portfolio from VTRM Energia, the collaboration formed by Votorantim Energia and Canada Pension Plan Investment Board (CPPIB). The $11.40 million deal was executed directly by CBA and indirectly via CBA's subsidiary CBA Itapissuma Ltda that produces aluminium sheets and foils. On 30 th August 2021, CBA stated: “All parties involved entered into the shareholders’ agreements for the targeted wind energy companies holding the capacity.” “CBA and CBA Itapissuma will exclusively hold 100% of the class B common shares in targets -- Ventos de Santo Anselmo Energias Renovaveis SA and Ventos de Santo Isidoro Energias Renovaveis SA -- which is equivalent...
The aluminium products depended on companies such as beverage cans and deodorant bottles should start anticipating consumers to entail that the metal is ethically sourced, as said by the Chairman of En+ Group. Lord Barker, the Chairman of Aluminium and Green energy producer, En+ Group further advised this could hurl to stream in new job opportunities and as the industry looks to onshore production with plants powered by renewable electricity. The Chairman stated: “As the energy transition rolls forward, the demand for low carbon materials and particularly aluminium will soar.” “Roll forward 10 years, I can see the heavy industry coming home after four decades of decline in UK manufacturing, as manufacturers strive to decarbonise and move their operations to jurisdictions where there is a...
