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 average alumina spot price in China has continued to increase for the third day in a row by RMB76 per tonne to RMB2,974 per tonne on Wednesday, September 1, found the Shanghai Metals Market. In Guangxi and Guizhou, alumina price has surged by RMB125 per tonne to stand at RMB2,850 per tonne, and by RMB75 per tonne in Henan to RMB3,000 per tonne. In Shandong and Shanxi, alumina price has climbed RMB60 per tonne to settle at RMB2,925 per tonne and RMB3,000 per tonne, respectively. Australian alumina FOB price has remained muted at US$320 per tonne. SMM data shows prebaked anode price in the East has increased after remaining restrained since early August. The price has soared by RMB355 per tonne to stand at RMB5,230 per tonne, with average prices likely to range between RMB4,660-5,800...
Three-month LME aluminium rose 1.98 per cent to end at US$ 2,706.50 per tonne on Tuesday, August 31. LME aluminium cash (bid) price and LME official settlement price opened the week on Tuesday, August 31, with a surge of US$ 40.50 per tonne to US$ 2,714 per tonne. On Monday, August 30, the LME market was closed for a summer bank holiday. As of Tuesday, 3-months bid price and 3-months offer price also climbed by US$ 40.50 per tonne to come in at US$ 2,696 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,648 per tonne, up by US$ 30.50 per tonne from US$ 2,617.50 per tonne on August 27. LME aluminium opening stock slipped from 1338125 tonnes to 1334675 tonnes. Live Warrants stood at 849900 tonnes, while Cancelled Warrants totalled 484775 tonnes. LME aluminium 3-months...
On 31 st August 2021, a group of high-level Australian delegates spearheaded by the High Commissioner of Australia to India, Barry O’Farrell visited NALCO’s corporate office in Bhubaneswar, Odisha. The Australian delegates during the visit conversed with NALCO’s CMD, Sridhar Patra and the members of the Navratna CPSE Company’s management team. The state-owned integrated aluminium company, NALCO updated the group of Australian delegates about the various business pursuits of the organisation, comprising the entire value chain of Aluminium manufacturing, get going from mining of bauxite to production of world-class aluminium end products. The business operations of Nalco was highly admired by the Australian delegation and they manifested The delegation from Australia highly appreciated the...
The sharp spike in aluminium prices to the 10-year high 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, right from Heineken cans to kitchen wrap. Until now this year, the global aluminium prices have climbed by over 30 per cent from US$ 2013.50 per tonne to US$ 2673.50 per tonne. This has been a boon for Pittsburgh-based Alcoa, the world’s eighth-largest aluminium producer, whose stock price has almost doubled during this span. But for many other companies like Reynolds Consumer Products and Heineken cans, aluminium price rally has resulted in a different story. Reynolds Consumer Products’ CFO recently told analysts that it’s facing hikes in production costs due to higher...
Canyon Resources, the world-class bauxite explorer in Cameroon, announced the receipt of seven letters of support from the key Government and traditional rulers in the region around the Minim Martap Bauxite Project. The letters were addressed to Canyon’s wholly-owned Cameroon subsidiary company, Camalco SA and have been formally presented to the Ministry of Mines and other Government representatives. The Governor of the Adamaoua Region wrote to the Director-General of Camalco: “I have the honour to let you know that three years after the official launch of the bauxite exploration phase at MINIM-MARTAP, MAKAN and NGAOUNDAL with you in charge, the local administrative authorities and I have noted with satisfaction the progress of the work in the field. Also, the professionalism and conduct...
Metro Mining Limited has signed a binding agreement for the supply of 790,000 Wet Metric Tonnes (WMT) bauxite for delivery in 2021 with Xiamen Xiangsen Aluminium Limited (Xiangsen Aluminium). The contract schedules tonnage from September through to December and is in addition to the company’s Offtake Agreement with Xinfa for 2.3 Million WMT in 2021. “On 7 July 2021, Metro announced the signing of a Letter of Intent (LOI) with Shanxi Liulin Senze Aluminium for 1 Million DMT (approx. 1.1 Million WMT) in 2021 and the off-take of the first two shipments under that LOI. A further three 60,000 WMT shipments have been contracted and shipped during August, totaling 300,000 WMT to date,” Metro Mining said. The agreement formalises the remaining volume under the LOI of 790,000 WMT. Both the...
According to the Government estimates, Saudi Arabia's economy grew for the first time since the Covid-19 pandemic in the second quarter propelled by a 10.1% growth in the non-oil sector. However, the International Monetary Fund expects the Saudi economy to grow by 2.4% this year. The Kingdom of Saudi Arabia imported 3492 tonnes of aluminium tubes and pipes during 2019-20 and the expenditure occurred for the import was accounted for $12.19 million. In 2019, the oil-rich nation imported 2419 tonnes of aluminium tubes and pipes and the amount expended for the import was $8.53 million, whereas, in 2020 the import demonstrated a downfall by 55.64%, as the import volume plunged to 1073 tonnes and the expenditure also fell to $3.66 million. Saudi Arabia’s import of aluminium tubes and pipes in...
According to a recent report, the Tennessee Department of Economic and Community Development (TNECD) has announced to award $1.25 million grant to Kaiser Aluminum Investments to move its company headquarters from California to Franklin. The grants provided by TNECD are FastTrack grants from the state given to companies for job training projects or infrastructure development for purchasing or relocating equipment, building repairs and improvements, temporary office space or other temporary equipment related to relocation or expansion. Recently, Tenessee awarded grants to Kairos Power and Smart USA Company, each received $500,000 grants. Tenessee also awarded Barrette Outdoor Living with $874,800 for its $33 million Hawkins County expansion that is expected to create 162 new jobs in Bulls...
The LME market was closed on Monday, August 30, for a summer bank holiday and will resume trading on Tuesday, August 31. As of Friday, August 27, LME aluminium cash (bid) price and LME official settlement price surged by 38.50 per tonne or 1.46 per cent to close at US$ 2,673.50 per tonne. 3-months bid price and 3-months offer jumped US$ 41 per tonne from US$ 2,614.50 per tonne to US$ 2,655.50 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,617.50 per tonne, up by US$ 37.50 per tonne from US$ 2,580 per tonne on August 26. LME aluminium opening stock continued to increase from 1306950 tonnes to 1338125 tonnes. Live Warrants stood at 897775 tonnes, while Cancelled Warrants totalled 440350 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,653.04per...
On 30 th August, the apex body representing the entire spectrum of the Indian Aluminium Industry, Aluminium Association of India (AAI) seeks intervention of the government-owned coal mining and refining corporation, CIL to normalise the uncertain situation that has emerged due to the interruption of coal supplies and rakes for captive power plants, resulting in a dearth of dry-fuel for the aluminium sector. The AAI signified in a letter to Coal India Ltd. (CIL)'s CMD: “This ‘ad-hoc decision’ without advance notice has brought the industry to a standstill with no time to devise mitigation plans to continue sustainable operations.” “This has reference to the crisis that has developed for the entire aluminium sector due to the recent ad hoc decision for stopping/drastically curtailing the...
The average alumina spot price in China has seen a spike today, on August 31, marking a steady rise since the end of July 2021, found the Shanghai Metals Market. Data shows alumina price has come in at RMB 2,898 per tonne as of August 31, surging by RMB 96 per tonne. In Shanxi and Henan, alumina price has jumped by RMB 115 per tonne and RMB 110 per tonne to close at RMB 2,940 per tonne and RMB 2,925 per tonne, respectively, followed by the growth of RMB 75 per tonne in Guizhou to peg at RMB 2,675 per tonne. In Shandong and Guangxi, alumina spot price has increased by RMB 55 per tonne and RMB 50 per tonne to come in at RMB 2,865 per tonne and RMB 2,725 per tonne, respectively, as of August 31. Australian alumina FOB price has, however, remained restrained at US$ 320 per tonne after an...
South Korea's imports of aluminium scrap from the US stood at 15,900 tonnes in June 2021, from 21,600 tonnes in June 2020, marking a decrease of 26.39% year-on-year. On a monthly basis, imports declined by 14.52% from 18,600 tonnes in May 2021, as updated by the US Census Bureau. For the first six months of 2021, South Korea imported 121,000 tonnes of aluminium scrap, from 142,000 tonnes imported for the first six months of 2020. That indicated a decline of 14.79% year-on-year. South Korea's imports of total aluminium (semi-finished products, crude metals and alloy and scrap) from the US were 16,500 tonnes in June 2021, down by 30% from 23,500 tonnes in June 2020. Imports stood 18.32% lower from May 2021’s imports of 20,200 tonnes. Total aluminium imports came in at 129,000 tonnes in...
The West African nation's govt. has assured the workers of Ghana Bauxite Company (GBC) at Awaso in the Bibiani-Anhwiaso-Bekwai Municipality in the Western North Region towards its commitment to keep the mining organization running. George Mireku Duker, Deputy Minister of Lands and Natural Resources said: “No worker will be thrown under the bus. With the plan we have for the company, we may even end up employing more.” The minister stated this when he led a government delegation on a fact-finding mission to the bauxite mining company at Awaso. The visit was entailed due to the recent agitation by the workers over the panic of losing their jobs following a tough decision by the Bosai Minerals Group from China, the strategic investor of the GBC to sell its stakeholding and pack out. The...
Eurallumina, one of Europe’s largest alumina refineries located in the industrial area of Portovesme, South West coast of Sardinia, Italy with access to the Mediterranean Sea and two dedicated berths has its operation frozen. However, the refinery needs to overcome two hurdles in ninety days to safeguard the € 300 million investment. The alumina refinery’s first hurdle, to get overcome by September, concerning the signing (expected for the first days of August) on the Sardinia Dpcm that is the provision relating to the arrival of methane on the island and in particular in Portovesme, while the second, to be overcome by November, concerning the conclusion of the authorization procedure that signals the green light towards the restructuring and modernization of the refinery. These are the...
Sohar Aluminium Company, the first aluminium smelter in the Sultanate of Oman, has reportedly overcome all the challenges posed by the COVID-19 pandemic since early 2020 and has successfully achieved an annual primary aluminium production of 396,929 tonnes. That exceeded the smelter’s production capacity of 395,000 tonnes, primarily driven by the proactive and timely measures taken by the management of the company. So far, this year is also witnessing a similar trend in production and other overall Key Performance Indicators (KPIs). Sohar Aluminium, jointly owned by the Omani government (40%), Abu Dhabi National Energy Company (TAQA) (40%) and Rio Tinto Alcan Inc. (20%), houses 360 pots that operate at 398kA using the latest and most efficient AP39 technology provided by Rio Tinto Alcan....
According to the data found by the International Aluminium Institute, alumina production in South America during July 2021 came in at 1.019 million tonnes, essentially unchanged from June 2021 and 1.018 million tonnes in May. South America's alumina output had last recorded a change in May by reflecting a decrease of 4.32 per cent from 1.064 million tonnes in April 2021. On a year-on-year calculation, alumina production in South America during July 2021 stood 4 per cent higher than 980,000 tonnes. From January to July, South America produced 7.366 million tonnes of alumina in total, up by 4.23 per cent from 7.067 million tonnes during the same period last year. In July 2021, alumina production in North America stood at 234,000 tonnes during July 2021, 4 per cent more than 225,000 tonnes...
Emirates Global Aluminium reported strong half-year financial performance ever. The company’s profit stood at AED 1.74 billion ($473 million in the first half of 2021. Adjusted EBITDA came in at AED 3.49 billion ($950 million), an increase of 111 per cent year-on-year. “Some 86 per cent of the company’s metal sales were value-added products compared to 75 per cent in H2 2020 and 69 per cent in H1 2020,” EGA said. Al Taweelah alumina refinery produced 1.09 million tonnes, above the nameplate capacity of the plant which was commissioned in 2019. Guinea Alumina Corporation exported 5.85 million tonnes of bauxite ore as ramp-up continued, up from 5.47 million tonnes in H2 2020. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “Global demand for aluminium, the metal that makes...
The alumina price in China has increased by RMB 45 per tonne after remaining flat on Friday. The price now stands at RMB 2802 per tonne on Monday, 30 August 2021, as updated by Shanghai Metals Market. Alumina price in Shandong has climbed by RMB 50 per tonne to stand at RMB 2810 per tonne. The prices of alumina in Henan, Shanxi, Guizhou and Guangxi have risen to stand at RMB 2825 per tonne, RMB 2825 per tonne, RMB 2675 per tonne and RMB 2675 per tonne on Monday, 30 August 2021. SMM aluminium ingot price has jumped to stand at RMB 21030 per tonne on Monday, 30 August 2021, indicating a hike of RMB 400 per tonne. The price is expected to range at RMB 21010-21050 per tonne. The aluminium alloy (ADC12) price has inched up by RMB 400 per tonne to RMB 20650 per tonne on Monday, 30 August 2021....
