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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Norsk Hydro ASA has announced that its subsidiary Hydro Energi AS signed a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a total supply of 680 GWh. The agreement with Hafslund Eco spans from January 1, 2022, to December 31, 2028, with delivery to price area NO3. This agreement is part will part of Hydro Energy’s total power portfolio. The portfolio consists of captive power production of 9.4 TWh per year and a long-term contract portfolio of around 10 TWh. Both the companies have an established cooperation, which in 2020 and 2021 resulted in three other PPAs with a total volume of 2.7 TWh for delivery from 2021 to 2028. “In addition to being a significant market player in the Nordic power market, Hydro Energy is responsible for acquiring power for Hydro’s...
Odisha is one of the few states in India that adopted online mineral monitoring system and issued e-passes during the COVID-19 pandemic to ensure seamless business activities and movement, pointed out State Minister for Steel and Mines Prafulla Kumar Mallik. The Minister also noted that mineral sector in Odisha was least impacted during the pandemic due to several initiatives by the government. The sincere use of digitisation made it possible to host and participate in webinars like the National metal and mining e-summit 2021 organised by the Indian Chamber of Commerce (ICC). Supporting the fact, Debidutta Biswal, Director Mines, claimed that the digitisation of several mining-related works helped the state manage the business affairs in the best possible way amidst the pandemic. The...
SMM aluminium ingot price stands at RMB 20100 per tonne on Friday, 20 August 2021, representing an increase of RMB 20 per tonne from Thursday’s price of RMB 20080 per tonne. The price is expected to move within a range of RMB 20080-20120 per tonne. In Wuxi, the price has increased by RMB 85 per tonne to stand at RMB 20115 per tonne on Friday, August 20, 2021. In Hangzhou and Chongqing, the price has edged up by RMB 70 per tonne and RMB 50 per tonne to stand at RMB 20130 per tonne and RMB 20140 per tonne. Aluminium ingot prices in Shenyang and Tianjin have increased to stand at RMB 20085 per tonne and RMB 20120 per tonne on Friday, August 20, an increase of RMB 70 per tonne and RMB 10 per tonne. Raw materials price of alumina, Australian Alumina FOB Price, Prebaked Anode Central, and Al...
Aluminium Stewardship Initiative has certified Shangqiu Yangguang Aluminium Product Co., Ltd. against its Chain of Custody Standard certification for aluminium smelting, cold rolling, annealing and packing operations, and related management activities. Shangqiu Yangguang Aluminium’s main products are aluminium and aluminium alloy plate and aluminium sheet and strip. Earlier, in January 2021, the company achieved the ASI Performance Standard certification for its plant in Shangqiu City, Henan Province, China. The ASI Chain of Custody Standard certification sets out requirements for the creation of a Chain of Custody for material that is produced and processed through the value chain into diverse downstream sectors. Fiona Solomon, Chief Executive Officer at ASI, said: “We warmly...
Three-month LME aluminium edged down by 0.74 per cent to settle at US$ 2,544 per tonne on Thursday, August 19. LME aluminium cash (bid) price and LME official settlement price continued to decrease for the third day in a row by US$ 45.50 per tonne or 1.76 per cent to come in at US$ 2,544 per tonne on Thursday, August 19. 3-months bid price and 3-months offer price shrank by US$ 39.50 per tonne from US$ 2,571.50 per tonne to US$ 2,532 per tonne. Dec 22 bid price and Dec 22 offer price hovered around US$ 2,503.50 per tonne, down by US$ 37 per tonne from US$ 2,540.50 per tonne on August 18. LME aluminium opening stock declined from 1315125 tonnes to 1309700 tonnes. Live Warrants stood at 846400 tonnes, while Cancelled Warrants totalled 463300 tonnes. LME aluminium 3-months Asian Reference...
The Newton Aycliffe, UK based business, which manufactures chassis components, has infused in new machinery to reinforce four new deals that comprehend long-term projects with Nissan, BMW and Jaguar Land Rover, which will succour jobs for the upcoming years. The company stated the new projects will drive the creation of 130 new jobs opportunities at its Newton Aycliffe facility, which is already occupied with more than 1,000 people and will observe it produces more than eight million parts over the next nine years period. Jonathan Phillips, Plant Director, Gestamp Aycliffe said: “We’re delighted to win these new contracts which involve the introduction of new productions and new facilities within our Aycliffe plant.” "Much of the components from these contracts will be exported all around...
The Digital Manufacturing Centre (DMC), one of the world's most advanced additive manufacturing facilities has achieved results in the top 1% worldwide for APWORKS’s innovative high-strength aluminium alloy Scalmalloy that is supreme for use in high-performance applications in sectors like aerospace, robotics, marine and motorsport. The outrageous strength aluminium alloy available for additive manufacturing (AM) is Scalmalloy, whose offering performance is analogous to high-strength 7000 series alloys. The proven material combines a tensile strength of 520MPa and yield strength of 480MPa with exceptional ductility and is ideal for highly loaded and safety-critical parts. Scalmalloy’s components performance and environmental resistance have been exemplified in a manifold array of...
The largest industrial company in the United Arab Emirates outside oil and gas, Emirates Global Aluminium (EGA) has prosperously refinanced $ 5.5 billion of corporate debt, deleveraging and improving repayment terms to lessen costs and validating the best dividend policy in future years for shareholders. The term loan facility narrows by $1 billion the size of EGA’s existing seven-year $ 6.5 billion loan facility signed in 2019, as strong aluminium prices and EGA’s operational performance drive liquidity at the company. The new facility, which is a senior unsecured loan, reprofiles EGA’s scheduled debt repayments and extends them by 2.5 years. The terms incorporate a mechanism that delivers material reductions in the cost of debt to EGA as the company further strengthens its balance sheet...
Vedanta has cut its aluminium products price by more than 2%. With effect from Thursday, 19 August 2021, the prices of some aluminium ingots have come in at INR 224,000-237,000 per tonne. This is down by INR 3,500 per tonne from INR 227,500-240,500- per tonne on August 18. The billets price stands at INR 232,000 per tonne on Thursday, 19 August 2021, standing lower by 1.49% or INR 3,500 per tonne from INR 235,500 per tonne on August 18. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2589.5 per tonne on August 18, from US$ 2633 per tonne on August 17. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 2,000 tonnes this week. The stocks came in at 741,000 tonnes as of Thursday, 19 August 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Gongyi contributed to the increase, standing at 45,000 tonnes. That was up by 12,000 tonnes from 33,000 tonnes last Thursday. Shanghai and Chongqing stocks hiked by 1,000 tonnes each to stand at 73,000 tonnes and 4,000 tonnes. Nanhai and Tianjin stocks remained unchanged at 200,000 tonnes and 65,000 tonnes as of Thursday, 19 August 2021. Inventories of primary aluminium in Hangzhou and Linyi stood at 83,000 tonnes and...
According to the Shanghai Metals Market, aluminium billet inventories in China have continued to grow for the third week in a row by 13,100 tonnes or 11.1 per cent on Thursday, August 19. This brings the inventories to 130,630 tonnes from 117,560 tonnes last week, August 12. SMM survey showed aluminium billet arrivals in south China were comparatively ample, while orders at downstream aluminium extrusion companies were not satisfactory. Besides, aluminium price surge to a 13-year high suppressed consumers buying interest. The chart below indicates the current status of aluminium billet inventories across China in more details: Among all the major Chinese cities, Foshan has seen the highest growth in inventories by 11,000 tonnes to 64,500 tonnes. In Wuxi, aluminium billet stocks have grown...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices with effect from Thursday, August 19, after increasing them three times in a row since the week last. Hindalco’s aluminium ingot price has witnessed a slash of INR 3,500 per tonne or 1.54 per cent from INR 227,000 tonnes on August 18 to INR 223,500 per tonne on August 19. The company’s aluminium wire rod price has settled at INR 234,600 per tonne as of August 19 after being decreased by INR 3,500 per tonne from INR 238,100 per tonne in the previous day. Hindalco’s aluminium billets price is standing at INR 230,600 per tonne, also a decline of INR 3,500 per tonne from INR 234,100 per tonne. <iframe width="500" height="380" src="https://www.youtube.com/embed/Z0h4lj4O1jY" title="YouTube video player"...
The recycling of aluminium is gradually becoming crucial in the global aluminium value chain business, as it bars the metal aluminium to be sourced from the excavation of bauxite and shields exploitation. The aluminium industry generates a huge amount of metal scrap and also aluminium in use collected as metal scrap now get processed for recycling, instead of landfilling, which is considered as a harmful act. The cradle of Western Civilization, the birthplace of democracy, the Olympic Games, Greece exported 17,334 tonnes of aluminium scrap in 2020 and the revenue generated from the export accounted for $16.01 million. In 2020, Greece exported aluminium scrap to 23 nations around the globe, while the top five nations are India, Albania, Netherlands, Bulgaria and Italy imported 53.40% of...
The Can Manufacturers Institute (CMI), Washington, has announced to give $50,000 aluminium can capture grant to Gel Recycling, a material recovery facility (MRF) in Port Orange, Florida, as a gesture to help the facility recover more beverage cans. Gel Recycling plans to use this grant by investing in aluminium can capture equipment, such as metal detector and optical sorter, as part of a larger facility upgrade. Ardagh Metal Packaging and Crown Holdings both contributed funds to the grant. According to the report, Gel Recycling’s investment in new aluminium can capture equipment will result in 3.5 million more beverage cans capture at the facility. Metal detector and optical sorter will help the facility eliminate used beverage cans from being missorted into the MRF’s plastics pile....
According to a recent report, Rio Tinto and the union will hold another meeting in Vancouver next week to discuss the Kitimat aluminium smelter strike. As the strike enters its fourth week, Rio Tinto and Unifor union have decided to resume negotiations to see if a collective agreement can be renewed. A week ago, on August 12, a similar meeting was held in Kitimat between top officials from Rio Tinto’s Montreal headquarters and Unifor Local 2301’s president in hopes of ending the strike at the smelter, continuing since July 25. So far, no updates on the last meeting have been provided by either of the two parties. Information about the next week’s meeting is sent to Rio Tinto’s employees through a company memo on August 17, which read as: “After the meeting held on August 12 and follow up...
The Department of Mines and Geology, State Government of Andhra Pradesh which is investigating the alleged mining of bauxite by Andru Minerals, has prima facie that the company violated norms to excavate 200,000 tonnes of the mineral through the Mineral Dealer License (MDL) that was secured. However, in 2019, the mining company had shut down its operations at Vanthada village of Prathipadu Mandal in East Godavari district. On 18 th August 2021, Gopal Krishna Dwivedi, Principal Secretary (Mines, Panchayat Raj and Rural Development) and V.G. Venkat Reddy, Director (Mines and Geology) said: “The department was gearing up to levy a penalty on the company for flouting the rules and excavating unaccounted quantity of laterite.” Venkat Reddy added: “During the inquiry initiated following...
The average alumina spot price in China has climbed by RMB 23 per tonne to RMB 2,667 per tonne on Thursday, August 19, after remaining restrained at RMB 2,644 per tonne from August 6 to 18, found the Shanghai Metals Market. In Guangxi, the price has increased by RMB 35 per tonne to stand at RMB 2,520 per tonne, followed by the rise of RMB 30 per tonne in Shandong and Henan to RMB 2,670 per tonne and RMB 2,700 per tonne, respectively. In Guizhou and Shanxi, alumina price has witnessed a growth of RMB 20 per tonne and RMB 15 per tonne to RMB 2,510 per tonne and RMB 2,690 per tonne. Australian alumina FOB price has, however, continued to remain restrained at US$ 300 per kg since July 16, learned SMM. But despite the increase in the average alumina spot price, A00 aluminium ingot price in...
South32 published results for the year ended 30 June 2021 (FY21).The Group reported revenue of US$6,337 million for the full year, an increase of 4% from FY20’s revenue of US$6,075. Underlying earnings before interest and tax (EBIT) increased to US$844 million, up 89% from US$446 million in FY20. The Group’s net loss after tax stood at US$195 million, from FY20 net loss after tax of US$65 million. “We delivered a strong operating result, despite the ongoing challenges of COVID-19, achieving record production at Worsley Alumina, Brazil Alumina and Australia Manganese. We also exceeded our initial production guidance at South Africa Manganese, Cerro Matoso and Cannington,” said Graham Kerr, South32 CEO. “Reflecting our strong financial position and disciplined approach to capital...
