Hindalco Industries reported its highest-ever quarterly net profit of INR 75.33 billion (USD 802 million) in the second quarter of FY2027, up 59 per cent from INR 47.41 billion (USD 505 million) a year earlier, supported by stronger earnings across its aluminium, copper and Novelis businesses. Consolidated revenue from operations rose 39 per cent year on year to INR 917 billion (USD 9.8 billion) in the quarter ended September 30, 2026. EBITDA increased 42 per cent to INR 137.6 billion (USD 1.5 billion), compared with INR 97 billion (USD 1 billion) in Q2 FY2026. The company’s aluminium upstream business rose 55 per cent to INR 70 billion (USD 745 million) in quarterly EBITDA. Earnings from non-LME-linked businesses rose 50 per cent to INR 68.6 billion (USD 731 million). Copper also...
The London Metal Exchange (LME) aluminium prices declined across cash, three-month and December 27 contracts on November 6 compared with the previous trading day, November 5. On November 6, the LME aluminium cash bid price stood at USD 3,115 per tonne, down 1.42 per cent from USD 3,160 per tonne on November 5. The cash offer price declined by 1.30 per cent to USD 3,117 per tonne from USD 3,158 per tonne. Similarly, the LME aluminium three-month bid price decreased by 1.55 per cent to USD 3,049 per tonne on November 6 from USD 3,097 per tonne on November 5. The three-month offer price fell by 1.53 per cent to USD 3,050 per tonne from USD 3,097.5 per tonne. The December 27 bid price dropped by 1.57 per cent to USD 2,950 per tonne on November 6 from USD 2,997 per tonne on November 5....
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Three-month LME aluminium inched up 0.6% to close at US$2,613 per tonne on Monday, 02 August 2021. As of Monday August 2, LME aluminium cash (bid) price stands at US$ 2635 per tonne, LME official settlement price stands at US$ 2635 per tonne; 3-months bid price stands at US$ 2628.50 per tonne, 3-months offer price is US$ 2628.50 per tonne; Dec 22 bid price stands at US$ 2586 per tonne, and Dec 22 offer price stands at US$ 2586 per tonne. The LME aluminium opening stock stood at 1378575 tonnes. Live Warrants totalled 831825 tonnes and Cancelled Warrants were 546750 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2610.62 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 3068 per tonne on Tuesday, 03 August, 2021. The...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has further decreased by RMB 30 per tonne on Tuesday, August 3, to stand below RMB 19,800 per tonne. Data shows the price has come in at RMB 19,790 per tonne, with average prices likely to range between RMB 19,770 per tonne and RMB 19,810 per tonne. The spot contract is estimated to be traded at a premium price of RMB 60-20 per tonne. The decline in primary aluminium ingot price has touched upon all the major Chinese cities barring Gongyi, where the price has remained restrained at RMB 19,700 per tonne. Wuxi has seen the sharpest fall of RMB 60 per tonne to come in at RMB 19,770 per tonne, followed by the decline of RMB 55 per tonne in Hangzhou to RMB 19,780 per tonne. In Foshan, Shenyang, Tianjin and Linyi, A00...
UK's first alkaline ionised water business Actiph rolls out vitamin sparkling water brand Acti-Vit in aluminium cans. Actiph said: “The new flavoured sparkling water drinks had one of the highest vitamin concentrations on the market. They contain 100% of the RDA of vitamins B5, B6, B9, B12, C, D and zinc and 15% of the RDA of magnesium." The drinks are packaged in aluminium cans and have been launched in three flavours: Tropical Boost, Blackcurrant, Apple & Raspberry and Lemon, Lime & Orange. “Its multipack format launched at Ocado last month and the brand was in advanced discussions with several other major retailers”, it said. “The drinks would appeal to health-conscious consumers who were moving away from sweetened drinks and juices.” Jamie Douglas-Hamilton, Founder and Director of...
Logan Aluminum, which manufactures aluminium can sheet products in North America, has joined ASI as a new Production & Transformation member, bringing the total number of ASI Members to 182. Logan Aluminum’s aluminium rolling mill is located in Russellville, Logan County, Kentucky. The company supplies its products more than 45% of the North American can market and produces over 2 billion pounds of aluminium annually. “As a major supplier of rolled aluminum materials, we recognize the need to continually pursue a more sustainable future. The Aluminum Stewardship Initiative provides thought leadership and fosters collaborative relationships that endeavor to improve the communities in which live and society as a whole.”said Mark Pendley, Environmental Team Leader. The Aluminium Stewardship...
Vedanta Aluminium Business purchased 354 million units of solar and non-solar renewable energy primarily from Green Term-Ahead Market (GTAM) at IEX. The renewable energy will be used for its aluminium production unit at Jharsuguda, in Odisha. With this acquisition, Vedanta Aluminium became India’s largest green power purchaser on the Green Market at the Indian Energy Exchange Limited (IEX) platform in Q1 FY 21-22. The company’s procurement of green power units is more than 35% of the green power traded on IEX in Q1 FY22. Rahul Sharma, CEO – Vedanta Aluminium Business said, “Our sustainability imperatives are designed to fulfil our climate impact reduction targets, which are in complete alignment with the goals of Paris Agreement and Nationally Determined Contributions (NDC) submitted by...
The mining and development of the 100% owned Minim-Martap Bauxite Project, Canyon Resources Limited announced that it has received firm commitments from existing and new institutional and sophisticated investors to raise $6.0m (before costs), via the issue of 77,257,157 new fully paid ordinary shares in Canyon (“New Shares”) at $0.08per New Share (“Placement”). Phillip Gallagher, Managing Director of Canyon Resources commented: “Canyon acknowledges the continued strong support from our existing shareholders, including Major Shareholder, Mr Peter Su. Additionally, we welcome a number of new sophisticated and institutional investors to the Canyon register.” “The Placement will allow Canyon to complete the Feasibility Study and progress the delivery of important agreements required for the...
Hindalco Industries Limited significantly increased its aluminium ingot and aluminium product prices on Saturday, July 31, which marked the fourth consecutive time of hike. The company’s aluminium ingot price came in at INR 226,500 per tonne, up by INR 5,750 per tonne from INR 220,750 per tonne on July 30. Hindalco’s aluminium wire rod price stood at INR 237,600 per tonne as of July 31, which was also up by INR 5,750 per tonne from INR 229,100 per tonne on July 30. The company’s aluminium billets price was at INR 233,600 per tonne, in comparison with INR 227,850 on the previous day. Hindalco links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which jumped by US$67.50 per tonne on July 30 to stand at US$ 2,624 per...
On 1 st July 2021, Emirates Global Aluminium (EGA) inks agreement with Gulf Extrusions, a subsidiary of the Al Ghurair Group for the innovative re-use of an industrial by-product during the primary metal production process, replacing the use of fresh raw material, enhancing efficiency, and benefiting the environment. The agreement is considered as another step by EGA to re-use waste streams as feedstocks by cooperating with other industries. According to the agreement, Gulf Extrusions will supply EGA with some 450 tonnes of spent caustic soda from its Abu Dhabi and Dubai extrusion facilities every month for use in alumina refining. In the aluminium extrusion production process, caustic soda is utilized to dissolve residue aluminium in the extrusion dies and to etch extruded aluminium...
RUSAL, a leading global aluminium producer, has unveiled the first consignment of lighting poles made of aluminium alloys to the domestic market, in partnership with the Krasnoyarsk Metallurgical Plant (KraMZ) and Alluminate Company. These are the first aluminium lighting poles produced in Russia. The poles are made of anodized extrusions produced from Rusal’s low-carbon aluminium ALLOW. Owing to aluminium, the poles are resistant to corrosion, precipitation and damage, allowing them to be used in coastal regions and urban environments. Earlier this month, KraMZ supplied its first consignment of 24 lighting poles to a five-star hotel located in Vladivostok. The poles came with all the necessary technological openings, hatches, and embedded parts. They were also equipped with smart...
Vedanta has further hiked its aluminium products price by more than 2%. With effect from Saturday, July 31 2021, the prices of some aluminium ingots have come in at INR 227,250-240,250 per tonne, an increase of INR 5,750 per tonne from INR 221,500-234,500- per tonne on July 30. The billets price stands at INR 235,250 per tonne on Saturday, July 31 2021. The price edged higher by 2.51% or INR 5,750 per tonne from INR 229,500 per tonne on July 30. 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$ 2624 per tonne on July 30, from US$ 2556.5 per tonne on July 29. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a...
According to BBVA Research, the Spanish Economic Outlook for Q3 2021 stated that the country’s GDP growth is estimated with a revised up-rise up to 6.5% for 2021. Moving ahead, the stronger progress of global activity, accumulated excess savings, the end of health restrictions and accommodative monetary and fiscal policies will boost GDP up to 7.0% in 2022. The South-western European nation, Spain exported 934 tonnes of aluminium containers during 2018-20 and the earnings accounted for the export was $6.08 million. In 2018, the export of aluminium containers was recorded at 168 tonnes and the earnings counted was $1.28 million, whereas, in 2019, the export saw growth by 77.28%, as the export volume rose to $1.44 million. Spain’s export of aluminium containers in 2020 was registered at 468...
Aluminium Stewardship Initiative has announced the joining of China Hongqiao Group Company Limited as ASI’s 181 st new Production & Transformation member. China Hongqiao Group Company Limited, developed into the world’s largest aluminium producer in 2015, covers the entire aluminium industry value chain. The company is specialised in thermoelectric, mining, and producing aluminium products. Its diverse product portfolio includes alumina, liquid aluminium alloy, aluminium alloy ingots, rolled and cast aluminium alloy products, aluminium busbar, high precision aluminium plates with foils and new materials. Chen Lie, Director of Industry Research and Investment, said: “As a Chinese enterprise eager to explore global market and cooperation with international community, China Hongqiao is...
South America’s alumina production stood at 1.019 million tonnes in June 2021, with a year-on-year increase of 4.19%, according to the latest data showed by the International Aluminium Institute (IAI).The output was 978,000 tonnes in June 2020. On a month-on-month basis, the alumina production reduced by 8% from May’s production of 1.108 million tonnes. In the first half of 2021, alumina production in South America came in at 6.347 million tonnes as against as 6.087 million tonnes in the first half of 2020.That was up by 4.27% year-on-year. North America’s alumina production registered 225,000 tonnes in June 2021. That was slightly up from June’s 2020 output of 223,000 tonnes and 3.21% from May 2021’s output of 218,000 tonnes. In January-June 2021, alumina output totalled 1.283 million...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reported a year-on-year increase of 665 per cent in Profit to BD92.6 million (US$246.2 million) for the second quarter of 2021, in comparison with a Loss of BD16.4 million (US$43.6 million) during the same period last year. The company also reported a Total Comprehensive Income of BD90.6 million (US$241.1 million) for 2Q2021 versus a Total Comprehensive Loss of BD18.2 million (US$48.4 million) in 2Q2020. For the first half of the year, Alba has reported a Profit of BD144.8 million (US$385 million), up by 1,461 per cent Y-o-Y compared to a Loss of BD10.6 million (US$28.3 million) for the same period in 2020. The revenue generation in H1 2021 was BD672.7 million (US$1,789 million) versus BD520 million...
The global aluminium industry remained enterprising in July 2021. The June quarter financial results revealed that most of the companies in the sector recorded revenue growth due to the global rise in aluminium prices. The positive trend of the market has delivered the industry some extra strength to regain its power following the multi-wave stress of Covid-19. Emirates Global Aluminium (EGA) earmarked the century shipload of bauxite export from the world’s second-largest producing nation, Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. July 2021 also witnessed Anil Agarwal led Vedanta’s announcement towards the expansion of BALCO aluminium smelter production capacity by 414 kilo-tonnes per annum (KTPA),...
As updated by Shanghai Metals Market, the alumina price in China has registered a hike after remaining flat on Friday. The price has inched up by RMB 18 per tonne on Monday, 2 August, 2021 to stand at RMB 2571 per tonne, from 2553 per tonne. Alumina price in Shandong has risen by RMB 20 per tonne tot RMB 2580 per tonne. The prices of alumina in Henan, Shanxi, Guizhou and Guangxi China markets have climbed to stand at RMB 2590 per tonne, RMB 2590 per tonne, RMB 2455 per tonne and RMB 2465 per tonne on Monday, 2 August 2021. Prebaked anode price in East China market has edged higher by RMB 50 per tonne after remaining flat since July 1. As of Monday, 2 August 2021 2021, prebaked anode price stands at RMB 4875 per tonne and is expected to range to RMB 4340-5410 per tonne. Al Fluoride price...
Three-month LME aluminium inched up 0.04 per cent to end at US$ 2,597.50 per tonne on Friday, with open interest increasing 5,575 lots to 676,000 lots, and is expected to trade between US$ 2,570-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price soared by US$ 67.50 per tonne to stand at US$ 2,624 per tonne on Friday, July 30. 3-months bid price and 3-months offer price increased from US$ 2,545.50 per tonne to US$ 2,619 per tonne. Dec 22 bid price and Dec 22 offer price climbed by USS$ 60.50 per tonne to US$ 2,571.50 per tonne. LME aluminium opening stock decreased from 1395225 tonnes1387800 tonnes. Live Warrants still remained restrained at 831825 tonnes, while Cancelled Warrants totalled 555975 tonnes. LME aluminium 3-months Asian Reference Price...
Hindalco Industries Limited, a subsidiary of the Aditya Birla Group is projecting to inject around INR 8,000-10,000 crore at Hirakud, Silvassa, and Mundra facilities in India. Hindalco stated in its annual report 2020-21: “The group proposes to invest towards the expansion of flat rolling capacity at Hirakud, Odisha, new extrusion plant at Silvassa in Dadra and Nagar Haveli, and in a Greenfield site at Mundra in Gujarat with a recycling facility.” “The company is planning to expand its aluminium downstream business with a focus on value-added products (VAP) over the next three-seven years and the products would cater to customised requirements for varied and complex applications of aluminium.” Hindalco’s Hirakud flat-rolled products facility is estimated to have a capacity of 3,40,000...
