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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As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased by 12,000 tonnes this week to come in at 753,000 tonnes as of Thursday, 26 August 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Gongyi contributed the largest share due to higher arrivals of cargoes. The inventories stood at 69,000 tonnes on Thursday, 26 August 2021, up by 24,000 tonnes from 45,000 tonnes on 19 August. The aluminium stocks in Shanghai, Hangzhou, Tianjin, Chongqing and Linyi remained unchanged at 73,000 tonnes, 83,000 tonnes, 65,000 tonnes, 4,000 tonnes and 13,000 tonnes. Inventories of primary aluminium in Nanhai increased by 1,000...
Emirates Global Aluminium (EGA) has reportedly aimed at increasing the proportion of women in supervisory positions at the company in the UAE to 25 per cent by 2025. At present, the company has 18 per cent of women in supervisory positions, working at all levels in operations and corporate functions. EGA’s chief executive officer, Abdulnasser bin Kalban, said: "Improving diversity enhances business performance. Although we have made considerable progress at EGA, we recognise that we need to do more. We want the best people to join EGA irrespective of their gender, and to progress based on their ability and commitment to succeed.” He added, “We recognise that setting a target is just the beginning. To achieve it, we will develop further our inclusive leadership and culture, and focus on...
According to the Shanghai Metals Market, aluminium billet inventories in China have declined this week after three consecutive weeks of growth from August 5 to 19. SMM data shows inventories have decreased by 6,200 tonnes across five major consumption areas to come in at 124,400 tonnes as of Thursday, August 26. Last week, on August 19, aluminium billet inventories stood at 130,630 tonnes, gaining 13,100 tonnes from the previous week as orders were down on low buying interest. SMM expects the inventories to be muted in the upcoming week as the arrivals of goods were not high this week. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, aluminium billet inventories have plunged by 7,600 tonnes to peg at 56,900 tonnes on...
In October 2020, the Government of Kazakhstan has published a draft which mandated to stress the country's ban on scrap metal exports by truck. The barring of exports comprised of used and exhausted pipes, rails, railway elements and rolling stock, but excludes alloyed and resistant steel scrap. However, in October 2018, the measure was enacted to prohibit illegal scrap exports for approx. 500,000 tonnes per year at the time, with a consequential amount of this heading to Russia. It has had no impact on documented shipments by rail, as Kazakhstan and Russian are both members of the Eurasian Economic Union (EEU) and the Eurasian Customs Union. In May 2020, Kazakhstan imposed a ban on scrap exports by rail without any formal announcement, bestowing to a scrap shortage in Russia and...
The United Arab Emirates exports of crude metals and alloys to the US stood at 36,700 tonnes in June 2021, an increase of 485.33% year-on-year. The UAE had exported 6,270 tonnes to the US in June 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a monthly basis, crude metal and alloys exports increased by 11.89% from May’s exports of 32,800 tonnes. In the first half of 2021, the crude metals and alloys export to the US came in at 178,000 tonnes, from 177,000 tonnes in the first half of 2020. That was a slight increase of 0.56% year-on-year. The United Arab Emirates exported 37,100 tonnes of crude metal and alloys in June 2021. That was up by 488.89% from June 2020’s export of 6,300 tonnes and 12.77% from May 2021’s export of 32,900 tonnes. In...
According to the latest data revealed by the US Census Bureau, the United States imported 734,000 tonnes of crude and dried bauxite in the second quarter of 2021. That reflected an increase of 5.61 per cent quarter-on-quarter from 695,000 tonnes and a surge of 103.32 per cent year-on-year from 361,000 tonnes. The total imports in the first half of 2021 (January-June) amounted to 1.43 million tonnes, up by 99.16 per cent year-on-year from 718,000 tonnes. Jamaica continued to be the main exporter of crude and dried bauxite to the United States, supplying 633,000 tonnes in Q2 2021. That, however, registered a decrease of 6,000 tonnes or 1 per cent from 639,000 tonnes in Q1 2021 and a plunge of 13 per cent from 728,000 tonnes in Q4 2020. On a year-on-year basis, the United States’ bauxite...
The alumina price in China has registered a hike of RMB 6 per tonne. The price stands at RMB 2757 per tonne on Thursday, 26 August, from 2751 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Shandong, Guizhou and Guangxi markets have risen to stand at RMB 2760 per tonne, RMB 2600 per tonne and RMB 2580 per tonne on Thursday, 26 August 2021, an increase of RMB 50 per tonne, RMB 20 per tonne and RMB 30 per tonne. SMM aluminium ingot price has dropped today, standing at RMB 20540 per tonne on on Thursday, 26 August 2021. This marks a decline of RMB 60 per tonne. The price is expected to move within a range of RMB 20520-20560 per tonne today. In Foshan and Wuxi, the price has reduced by RMB 80 per tonne and RMB 45 per tonne to stand at RMB 20640 per tonne and RMB...
The Australian Securities Exchange-listed mining company, Canyon Resources Limited has declared the enforcement of a Strategic Partnership Agreement and MOU for the Minim Martap Bauxite Project in Cameroon with Zhongye Changtian International Engineering Corporation of MCC (MCC-CIE), the mining engineering division of global mining giant Metallurgical Corporation of China (MCC). The agreement undertakes the awarding of the bankable feasibility study (BFS) contract for the development of Stage 1 of the Project to MCC-CIE in December 2020. MCC-CIE is part of MCC, a 100% owned subsidiary of China’s Minmetals Corporation. MCC-CIE is one of China’s leading engineering, procurement and construction companies and works extensively with foremost banks in China. MCC-CIE has been the principal...
Three-month LME aluminium rose 0.61 per cent to end at US$ 2,620 per tonne on Wednesday, August 25. LME aluminium cash (bid) price and LME official settlement price dipped slightly by US$ 1 per tonne to come in at US$ 2,647.50 per tonne on Wednesday, August 25. But 3-months bid price and 3-months offer price grew US$ 3 per tonne from US$ 2,627 per tonne to US$ 2,630 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,597.50 per tonne, up by US$ 10 per tonne from US$ 2,587.50 per tonne on August 24. LME aluminium opening stock decreased from 1295125 tonnes to 1292500 tonnes. Live Warrants stood at 847175 tonnes, while Cancelled Warrants totalled 445325 tonnes. LME aluminium 3-months Asian Reference Price settled at US$ 2,619.79 per tonne as of August 25. SHFE Aluminium...
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne from INR 218,750- 222,250 per tonne on August 20. NALCO’s aluminium wire rod price has also been raised by INR 8,000 per tonne from INR 221,250- 225,600 per tonne on August 20 to INR 229,250-233,600 per tonne on August 25. The latest hike has brought the company’s aluminium billets price to INR 230,200-232,850 per tonne, also an increase of INR 8,000 per tonne from INR 222,200- 224,850 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product...
Hydro announced that the company has agreed extend their strategic partnership with Equinor and Panasonic to explore potential for establishing a sustainable and cost-competitive European battery business. The battery project is still in an early phase and no investment decisions have been taken. “The overall business case will form the basis for how the project will proceed,” Hydro said. The collaboration will continue to develop the business case for European battery business. “The joint battery initiative has refined possible Norwegian site locations for a potential European battery business to a handful. At the same time, the project will be looking at alternative locations in the European Union.” “Competitive framework conditions and market access will be decisive for continued...
The world-class aluminium producer, Press Metal Aluminium Holdings Bhd of Malaysia could take the advantage of the rising LME aluminium spot prices in 4Q, provided that its Samalaju Phase 3 facility is anticipated to be just weeks away from being fully operational. RHB Research pointed: “Samalaju Phase 3 could have been held back for one to two months from Press Metal's initial July target but sees little downside surprises moving forward.” "This will allow 4Q21 to more freely capture the upside in LME aluminium spot prices Vs a hedged sales proportion at 2021F’s $ 2,050/tonne price.” "This is in addition to the widening spread Vs alumina spot prices – Phase 1 of PMAH’s 25%-owned Bintan alumina refinery should come on stream around the same time.” "Hence, amid its slew of successive...
The leading association that creates awareness and impotence of recycling, metal recycling trade among members, All India Non-Ferrous Metal Exim Association (ANMA), which comprises around 500 aluminium scrap recyclers in Gujarat, has urged the Union government to abstain from enforcing BIS (Bureau of India Standards) quality standards on imported aluminium scrap. On 24 th August 2021, Jayant Jain, the honorary secretary of ANMA during the event of the Annual General Meeting in Ahmedabad, said: “The import duty on aluminium scrap in our neighbouring countries is nil. Our government has imposed a 2.5 per cent import duty on the same. We fear that the government under the influence of larger players in aluminium production might raise this import duty. Why should there be a duty on scrap in...
Hindalco Industries Limited has further expanded its aluminium wire rod and billets prices on Wednesday, August 25, marking the second day of hike in a row. The company is currently selling its aluminium wire rod at INR 238,850 per tonne, up by INR 2,750 per tonne or 1.16 per cent from INR 236,100 per tonne on August 24. The latest hike has brought Hindalco’s aluminium billets selling price to INR 234,850 per tonne, up by INR 2,750 per tonne from INR 232,100 per tonne. Hindalco’s aluminium ingot price has also been raised by INR 2,750 per tonne from INR 225,000 per tonne on August 24 to INR 227,750 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 on August 24 continued to...
There has been a constant strive to evaluate the future of the global aluminium industry since the time the COVID-19 pandemic set in and affecting the industrial manufacturing businesses. The Indian aluminium sector could neither escape its prey, having the consumption declined by 15 per cent during the financial year 2021. Unprecedented lockdowns, manpower shortages, and supply chain disruptions due to the pandemic have resulted in severe challenges across all the verticals of the aluminium value chain. In this scenario, AlCircle is determined to delve into the current market trend to be able to envisage the future in their latest report on “ Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27” . The report shows the aluminium usage is estimated...
According to a recent report, Aluminium Stewardship Initiative has successfully certified Yunnan Haoxin Aluminum Foil Co., Ltd. against Performance Standard certification for aluminium re-melting, refining and rolling activities. The facility has an annual production capacity of 200,000 tonnes of aluminium sheet and foil. Besides, a 35,000 tonnes expansion project, which is not yet operational, is also included in the certification. Aluminium foil produced in this facility is destined for several downstream uses in the electronics, packaging, pharmaceutical, HVAC and other sectors. Early this year, in January, Yunnan Haoxin Aluminum Foil Co., Ltd. joined ASI as a new Production & Transformation member, which brought the total number of ASI members to 152. Fiona Solomon, Chief Executive...
According to the latest publication of the World Bank Gulf Economic Update (GEU), which was released with the title “COVID-19 Pandemic and the Road to Diversification”, stated that after a year of economic grief, Gulf Cooperation Council (GCC) economies are expected to return to an aggregate growth of 2.2% in 2021 and Qatar is also a part of this council. This growth is stimulated by the global economic recovery, projected at 5.6% and the revival of global oil demand and international oil prices. The peninsular Arabian nation, Qatar’s primary aluminium producer Qatalum produced 655,300 tonnes of primary aluminium in 2020, as revealed by Gulf Aluminium Council - Special Edition publication and the nation also produces downstream aluminium products. On the segment of aluminium cans for the...
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250 per tonne on 25 August 2021, indicating a growth of INR 2,750 per tonne or 1.18% from INR 233,500 per tonne on August 24. <iframe width="500" height="360" src="https://www.youtube.com/embed/0YrNiLaoJyo" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal...
