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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Three-month LME aluminium opened at US$ 2,622 per tonne last Friday morning, with the lowest and highest prices at US$ 2,618.50 per tonne and US$ 2,697 per tonne before closing up US$ 8 per tonne or 1.3 per cent. 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 on Friday, August 27. 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...
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium wire rod price also saw an increase of INR 2,000 per tonne to reach 240,850 per tonne as of August 28. On the previous day, the price stood at INR 238,850 per tonne by gaining INR 2,750 per tonne or 1.16 per cent. Since Saturday, August 28, Hindalco is selling its aluminium billets at INR 236,850 per tonne compared to INR 234,850 per tonne on August 25. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
Japan ranks as the world's third-largest automobile manufacturing nation and is also recognized as the largest electronics goods industry. However, the major Japanese export industries comprise automobiles, consumer electronics, computers, semiconductors, and iron and steel. Furthermore, the additional key industries which contribute to the country’s economy are mining, nonferrous metals, petrochemicals, pharmaceuticals, bio-industry, shipbuilding, aerospace, textiles, and processed foods. The island country in East Asia, located in the northwest Pacific Ocean, Japan exported 254,739 tonnes of aluminium scrap in 2020 to 24 nations globally and generated revenue of $271.72 million. Out of the total export of aluminium scrap by Japan in 2020, the five countries with high volume of import...
The leading aluminium smelter that is known for its technological strength and innovative policies, Aluminium Bahrain B.S.C. (Alba), was recognised amongst the winners of the 2021 Brandon Hall Group Excellence in Learning Awards. Alba’s ‘Al Jisr’ Programme – the first initiative of its kind to boost Bahranisation and build the supervisory skills of high-potential national employees - was announced as a bronze medal winner in Best Unique or Innovative Learning and Development Programme category. However, Alba was the only Company from Bahrain to be featured amongst the winners of this year's awards. Ali Al Baqali, CEO of Alba, while commenting on this occasion said: “Being the only recipient from Bahrain for this award speaks volumes about going above and beyond in developing Alba’s...
The aluminium downstream segment remained highlighted in the week for very reasons, unlike the other weeks. Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries stated that the metal company commenced the FY'22 at a robust pace and pursues to see strong demand across business verticals. On the contrary, a federal jury found six corporate entities guilty of participating in a wide-ranging conspiracy to defraud the United States via a wire-and-customs fraud scheme in which huge amounts of aluminium – disguised as “pallets” to avoid $1.8 billion in customs duties. The leading Wheel Manufacturing industry having facilities all over India, Steel Strips Wheels (SSWL) announced that it has inked a memorandum of understanding for around $105...
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA, but their production reflected surplus in the quarter on Y-o-Y, which diminished the cost of production, predominantly by reducing energy consumption. The aluminium industry is a highly energy-intensive industry, as thermal power and crude derivatives account for between 45% -50% of the cost of production of aluminium in India, accompanied by smelter feedstock alumina at 31%. However, the aluminium smelters in Europe and Canada are using hydropower, while the ones in West Asia operates on...
This week brought us a plethora of news from the global primary aluminium industry right from world primary aluminium production to Emirates Global Aluminium’s target of floating an IPO in 2022. According to a report on Monday based on the International Aluminium Institute’s data, world primary aluminium production in July 2021 amounted to 5.747 million tonnes, an increase of 3.4 per cent from 5.558 million tonnes a month ago. On a year-on-year calculation, world primary aluminium production in July was up by 5.20 per cent from 5.463 million tonnes. Total production from January to July came in at 39.284 million tonnes, 4.62 per cent more than 37.548 million tonnes during the same period last year. To know more:...
The week witnessed announcement of Hydro’s aluminium recycling capacity Sjunnen extrusion plant and India’s aluminium scrap imports from the United States. Some of the major highlights of the week are: Hydro will expand its aluminium recycling capacity at its Sjunnen extrusion plant in Sweden by 50% in a €11.3 million expansion. The expansion, which will be finalized by the end of 2022, will meet increased market demand for low-carbon aluminium profiles across all industries where Hydro Extrusions operates. The recycling capacity will increase from 42,000 tonnes to 62,000 tonnes per year. To know more: https://www.alcircle.com/news/hydro-to-expand-aluminium-recycling-capacity-at-its-sjunnen-plant-70192 India’s aluminium scrap imports from the United States stood at 28,100 tonnes in June...
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne or 0.85 per cent from INR 235,750-243,250 per tonne on August 25. Vedanta is selling its aluminium billet at INR 238,250 per tonne with from August 28 in comparison with INR 236,250 per tonne on August 25. Aluminium ingot price has also seen a raise of INR 2,000 per tonne from INR 228,250-241,250 per tonne to 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,...
On 23 rd August 2021, a federal jury found six corporate entities guilty of participating in a wide-ranging conspiracy to defraud the United States via a wire-and-customs fraud scheme in which huge amounts of aluminium – disguised as “pallets” to avoid $1.8 billion in customs duties – were exported to the United States and were “sold” to fraudulently inflate a China-based company’s revenues and deceive investors worldwide. After several years of investigations, scope challenges, circumvention cases, and now the criminal case orchestrated by the U.S. Department of Justice. The jury found the following two aluminium businesses and four warehousing companies, all of which were related to one another – guilty of one count of conspiracy, nine counts of wire fraud and seven counts of passing...
According to a recent report, five Chinese aluminium smelters will require to reduce production starting from this month as a prefecture in Xinjiang region has imposed output limits to stamp out illegal production, which sent Shanghai aluminium prices to a 13-year high. Reuters calculations have found that monthly limits across five smelters will reduce 10 per cent of the total production in the first seven months of the year. Xinjiang is a major smelting hub in China that accounts for one-fifth of the supply to the world’s biggest producer and consumer of aluminium. According to a Reuters report, prefecture in Changji, Xinjiang, has directed the smelter East Hope to keep monthly production at 54,000 tonnes starting from August and yearly output at 800,000 tonnes (max.). Compared to the...
World alumina production in July 2021 amounted to 12.234 million tonnes, reflecting a month-on-month growth of 3.18 per cent from 11.857 million tonnes, found the International Aluminium Institute. On a year-on-year basis, the production stood 7.95 per cent higher than 11.333 million tonnes. In the past seven months of the year, world alumina production totalled 82.229 million tonnes, an increase of per cent from 77.152 million tonnes during the corresponding period of the previous year. Daily average alumina production in July 2021 came in at 394,600 tonnes, down 0.15 per cent month-on-month from 395,200 tonnes but up 7.93 per cent year-on-year from 365,600 tonnes. In China, the world’s leading aluminium market, alumina production came in at 6.730 million tonnes in July 2021, which was...
Costa Rica in general has a stable economy and a relatively high standard of living. The economy is majorly dependent on tourism and other growing sectors are agriculture and electronic components exports. The country’s GDP growth will recover gradually to 2.5% in 2021 and 3.4% in 2022, supported by strong external demand from Costa Rica's main trade partners. Domestic demand will strengthen in H2 2021, as economic restrictions are gradually withdrawn and the vaccine campaign progresses. The Central American nation with coastlines on the Caribbean and Pacific, Costa Rica imported 1922 tonnes of aluminium household articles during 2019-20 and the expenditure occurred for the imported was accounted to $9.58 million. In 2019, Costa Rica’s import of aluminium household articles was recorded...
The US imports of crude metal and alloys stood at 294,000 tonnes in June 2021, a growth of 12.21% year-on-year from 262,000 tonnes in June 2020, , according to the latest Mineral Industry Survey report from the US Geological Survey. Imports slashed by 6.07% from May 2021’s imports of 313,000 tonnes. The US imported 1.73 million tonnes of crude metal and alloys in the first six months of 2021, as compared to 1.83 million tonnes in the first six months of 2020, which indicates a decrease of 5.46% year-on-year. On the export side, the US exported 18,300 tonnes of crude metal and alloys in June 2021. That marked an increase of 15.09% from June 2020’s exports of 15,900 tonnes and 13.66% from May 2021’s exports of 16,100 tonnes. In the first half of 2021, crude metal and alloys exports came in...
According to the Shanghai Metals Market, Bauxite (6.5≤Al/Si＜7.5) price in Guizhou has jumped by RMB 105 per tonne to reach RMB 475 per tonne on Friday, August 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 450-500 per tonne. Bauxite (6.5≤Al/Si＜7.5) price in Guangxi and bauxite ((6.0≤Al/Si＜7.0) price in Henan have climbed by RMB 55 per tonne and RMB 500 per tonne to settle at RMB 345 per tonne and RMB 570 per tonne, respectively. The average prices are likely to range between RMB 330-360 per tonne and RMB 540-600 per tonne. Among other primary aluminium input costs, aluminium powder price has inched up by RMB 0.10 per kg to close the week at RMB 24.15 per tonne, with average prices likely to range between RMB 24.10-24.20 per kg, learned SMM. A00...
Hydro has signed power purchase agreement (PPA) with Competitive Power Ventures (CPV) for power supply to its Cressona operations. CPV will provide power to the Hydro Cressona facility in the second quarter of 2022. The agreement consists of about 48MW of generation and is the first long-term energy contract signed by Hydro in the US. "Utilizing a renewable energy provider like CPV in the production of our aluminum products is the perfect complement for Hydro's sustainability goals, and we're excited to be the first site in North America to take this step," said Mike Hammer, Senior Director of Operations at Hydro Cressona. "The clean, locally-generated energy from CPV's Maple Hill site makes it an ideal facility to support our investments and world-leading capabilities in Cressona."...
LME aluminium opened at US$2,620 per tonne on Thursday morning, with the lowest and highest prices at US$2,593.5 per tonne and US$2,639 per tonne. The contract settled at US$2,620 per tonne. As of Thursday, August 26, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official settlement price stands at US$ 2635 per tonne; 3-months bid price stands at US$ 2614.50 per tonne, 3-months offer price is US$ 2614.50 per tonne; Dec 22 bid price stands at US$ 2580 per tonne, and Dec 22 offer price stands at US$ 2580 per tonne. The LME aluminium opening stock stood at 1306950 tonnes. Live Warrants totalled 865150 tonnes and Cancelled Warrants were 441800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2601.37 per tonne. SHFE Aluminium Price Trend Benchmark...
The leader in global aluminium production, as well as one of the largest companies in the UAE, Emirates Global Aluminium (EGA) is considering a prospective IPO in 2022, as reported by industry sources, which could be one of the substantial share sales in the United Arab Emirates lately. Equally owned by Mubadala Investment Company of Abu Dhabi and Investment Corporation of Dubai, EGA is reviewing proposals from banks that pitched for advisory roles, the sources said. However, EGA is yet to comment on this matter. The sources further stated that the aluminium company is considering offering between 10% and 20% of its shares to investors, while initial estimates from banks value the company from $16 billion to $19 billion. One of the sources mentioned, EGA anticipates banks to grasp a fresh...
