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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Bauxite sector saw some of the leading companies like Rusal and Metro Mining announcing their production results. Let’s explore the top stories from bauxite vertical for the week that went by: Rusal announced in its second quarter operating results that its bauxite production stood at 3.836 million tonnes, recording an increase of 0.9 per cent from 3.801 million tonnes in Q1 2021. In H1 2021, Rusal’s bauxite production totalled 7.637 million tonnes, up 2.3 per cent year-on-year from 7.469 million tonnes. To know more: https://www.alcircle.com/news/rusals-bauxite-production-grows-2-3-y-o-y-to-7-637mt-in-1h2021-alumina-output-increases-to-4-102mt-68944 Gangavaram Port in Visakhapatnam, India, the deepest and the most modern port in India, has reportedly discharged 125,380 tonnes of bauxite...
On 31st July 2021, India’s leading designer and manufacturer of modern rolling stock Titagarh Wagons Ltd stated that its plant in Italy has flagged the first train for Pune Metro coach, made of aluminium out of the 34 trains. In August 2019, Titagarh Firema SpA, a wholly-owned subsidiary of city-based Titagarh Wagons bagged an INR 1100 crore international bid to supply Pune Metro as many as 102 ultra-modern aluminium-bodied coaches, however, each train will comprise of three coaches. The company said that the first prototype of it was launched at a virtual ceremony in presence of the Ambassador of India to Italy, Neena Malhotra, Ambassador of Italy to India, Vincenzo de Luca, Maharashtra Metro Cooperation Managing Director Brijesh Dixit and others. It was outlaid that three of the 34...
The aluminium end-user segment remained in the spotlight due to the investment announcements of the two big shots. Novelis is investing more than $7 million to recruit 37 new employees and resumes several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana. The world’s leading beverage packaging company, Ball Corporation will contribute $383.8 million to over $1 billion projects with Red Bull and Rauch’s beverage manufacturing hub in Concord, Cabarrus County, USA. According to a recent report, Showa Denko K.K., a Japanese chemical company, has decided to double Oyama Plant’s capacity to produce aluminium heat radiators for power modules used in electrified vehicles, including battery electric vehicles, hybrid vehicles, and plug-in hybrid vehicles. To know more:...
The primary aluminium segment remained quite highlighted during the week. The June quarter and H1 2021 results are gradually getting released. In most cases, the results showcase a heavy rise in revenue due to the global surge in aluminium price and the Covid-19 pandemic is the root cause. Anil Agarwal led Indian mining & metal giant, Vedanta reported consolidated net profit attributable to owners of the company at INR 4,224 crore in the June quarter, a growth of 309% from the same period of the previous year on the back of increased revenue. Vedanta’s aluminium business contributed the largest at INR 10,263 crore to the total revenue. Whereas on the other side Rusal, the world's leading aluminium producer, has announced the operating results for the second quarter of 2021, mentioning...
Metro Mining announced production and shipping results for June 2021. Bauxite production was 729,000 wet metric tonnes (WMT) in June quarter, down from 1.419 million tonnes in June quarter 2020. The company’s June quarter bauxite shipments stood at 629,000 WMT. That was down from 1.251 million WMT. Bauxite mined per day was 11,053 WMT. Shipment per day stood at 11,234 WMT in June quarter. “Production and shipping tonnages were less than the comparable quarter in 2020. A decision to reduce production and shipping activity was taken in response to adverse ocean freight rates and macro economic conditions. Poor weather conditions also affected production and shipping activity,” Metro Mining said. Metro Mininf reported sales revenue (gross) of A$31.7 Million and site EBITDA of (A$7.4) Million...
Global aluminium downstream market offered us a myriad of news this week right from some of the eminent companies’ financial reports to investment update. To start with, Kaiser Aluminum Corporation reported net sales of $741 million for the second quarter 2021 compared to $276 million in the prior year period, reflecting a 184% increase in shipments and a 5% decrease in average selling price per pound. Adjusted EBITDA stood at $59 million, up $24 million year-on-year. The company’s value added revenue increased by 82 per cent to $318 million from $175 million. To know more: https://www.alcircle.com/news/kaiser-aluminums-adjusted-ebitda-up-by-24-million-in-the-second-quarter-of-2021-68924 Constellium published in its second quarter report that shipments stood at 406 thousand tonnes, an...
SMM aluminium ingot price witnessed fluctuations over the week. The week started with an increase of RMB 300 per tonne to stand at RMB 19630 per tonne on Monday. The price settled lower at RMB 19450 per tonne and RMB 19370 per tonne on Tuesday July 27 and Wednesday July 28. But the week ended higher at RMB 19850 per tonne on Friday, July 30, up RMB 350 per tonne from Thursday. The price is expected to move within a range of RMB 19830-19870 per tonne. According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to fall for the fourth week in a row, ending on Thursday, July 29. Extending the downfall by 51,000 tonnes week-on-week across eight consumption areas, including SHFE warrants, the inventories have come in at 758,000 tonnes. The alumina...
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium product prices with effect from Wednesday, July 28, following a cut on July 23. The hike has brought in the aluminium ingot price at INR 215,150- 218,650 per tonne, up by INR 3,900 per tonne or 1.85 per cent from INR 211,250-214,750 per tonne on July 23. NALCO’s aluminium wire rod price has also seen a rise of INR 3,900 per tonne with effect from July 28 from INR 213,750-218,100 per tonne to INR 217,650- 222,000 per tonne. NALCO's aluminium billets price has come in at INR 218,600- 221,250 per tonne, in comparison with INR 214,700-217,350 in the previous week. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of...
LME aluminium cash (bid) price and LME official settlement price trended up this week by US$ 124.50 per tonne, with one intermittent drop. Starting the week at US$ 7.50 per tonne higher at US$ 2,499.50 per tonne on Monday, July 26, both LME aluminium cash (bid) price and LME official settlement price inched down to US$ 2,497.50 per tonne on July 27. On Wednesday, July 28, the prices exceeded US$ 2,500 per tonne to stand at US$ 2,516 per tonne and further grew on July 29 to US$ 2,556.50 per tonne. To close the week on Friday, July 30, the prices gained US$ 67.50 per tonne to US$ 2,624 per tonne. 3-months bid price and 3-months offer price jumped by US$ 210.50 per tonne through the week. The prices stood at US$ 2,408.50 per tonne on July 26, which increased sharply by US$ 83.50 per tonne on...
This week, during July 26-30, the world alumina market has encountered some of the major updates; for instance, the International Aluminium Institute reports that the world alumina production in 2Q2021 amounted to 35.625 million tonnes, reflecting a hike of 3.93 per cent from 34.278 million tonnes in Q1 2021. However, the output in June 2021 stood 4.26 per cent lower month-on-month at 11.695 million tonnes. In H1 2021, world alumina production totalled 69.903 million tonnes, up 6.20 per cent from 65.819 million tonnes a year ago. To know more: https://www.alcircle.com/news/world-alumina-production-reflects-a-q-o-q-hike-of-4-to-35-625mt-in-2q2021-output-in-june-drops-4-m-o-m-68923 In Africa & Asia (ex-China), alumina production during June 2021 stood at 1.063 million tonnes, reflecting a...
The Gulf region is gradually trending towards aluminium production and the metal aluminium is driving to become the largest manufacturing sector outside Gulf’s traditional oil and gas business. The GCC countries are home to 6 aluminium smelters, which are counted as the biggest, most modern, and environmentally friendly Aluminum production facilities. Now, we put a detailed study of aluminium extrusion companies in the Gulf region: Gulf Extrusion Company LLC – Dubai, UAE Gulf Extrusions Company is a leading aluminium extrusion company and a member of the Al Ghurair Group of companies. The company is strategically located in Dubai alongside its main supplier, Dubai Aluminium, and the foremost gateway to the world. Gulf Extrusions’ six presses and highly skilled workforce can produce 65,000...
Vedanta Limited has continued to expand its aluminium ingot and aluminium product prices in line with the steady growth in the LME aluminium benchmark price. With effect from Friday, July 30, Vedanta's aluminium wire rod price has come in at INR 229,000-236,500 per tonne, up by INR 3,000 per tonne from INR 226,000-233,500 per tonne on July 29. Vedanta’s aluminium billet price has also witnessed a hike of INR 3,000 per tonne from INR 226,500 per tonne on July 29 to INR 229,500 per tonne on July 30. As of today, Vedanta is selling its aluminium ingot at INR 221,500-234,500 per tonne compared to INR 218,500-231,500 per tonne on the previous day. Vedanta limited links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which...
Hindalco Industries Limited has increased its aluminium ingot and aluminium product prices for the third time in a row, with effect from Friday, July 30. The company’s aluminium ingot price has come in at INR 220,750 per tonne, gaining INR 2,750 per tonne from the previous day. On July 29, Hindalco sold its aluminium ingot at INR 218,000 per tonne, an increase of INR 2,000 per tonne from July 24. Hindalco’s aluminium wire rod price has also seen a hike of INR 2,750 per tonne from INR 229,100 per tonne on July 29 to INR 231,850 per tonne on July 30. Aluminium billets price is at INR 227,850 per tonne with effect from July 30, in comparison with INR 225,100 per tonne a day ago. Hindalco links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the...
According to the projections by World Bank, Morocco’s gross domestic product (GDP) is expected to reach a growth of 4.6% in 2021. The institution made the assessment in its “World Economic Outlook” for the MENA region, saying that Morocco’s GDP growth will be due to “several factors, including reduced drought-related problems, continued accommodative policies, and the easing of restrictions on internal travel.” The automotive industry makes around one-fourth of the nation’s export, which creates a good amount of aluminium scrap. The scrap is also collected from the construction sector and from few other sources. The North African nation exported 45,205 tonnes of aluminium scrap during 2018-20 and the revenue generated from the export was $55.76 million. Morocco’s export of aluminium scrap...
During June 2021, alumina production in West Europe increased by 6,000 tonnes or 1. 28 per cent month-on-month to come in at 473,000 tonnes, found the International Aluminium Institute. In May, the output was at 467,000 tonnes, gaining 27,000 tonnes from the previous month. However, on a year-on-year calculation, alumina production in West Europe in June 2021 edged 1.05 per cent lower than 478,000 tonnes. During the second quarter of 2021, alumina production in West Europe totalled 1.380 million tonnes, down by 2.06 per cent from 1.409 million tonnes in Q1 2021 and 2.89 per cent from 1.421 million tonnes in Q2 2020. In East & Central Europe, alumina production during June 2021 stood at 375,000 tonnes – 11.76 per cent less month-on-month than 425,000 tonnes. The output in May was, however,...
Hawkins & Brimble, a British men’s grooming brand, is reportedly adopting aluminium packaging for three of its most popular product lines. The aluminium packaging is produced by Vetroplas in conjunction with its Spanish partner Envases. The packaging is slick and aesthetically pleasing, achieved by offset printing and matt lacquer. Hawkins and Brimble is initially bringing the change to its three popular lines: The Energising Elemi & Ginseng Body Wash with aloe vera, Revitalising Shampoo with Pro Vitamin B5, and a Conditioner with coconut oil. All products are refillable from a 100 per cent recyclable pouch. Simon Dix, managing director Vetroplas, said: ‘Hawkins & Brimble is one of an increasing number of ethically-minded companies which really care for the planet and are determined to do...
Three-month LME aluminium closed 2.99 per cent higher at US$ 2,596.50 per tonne on Thursday, with open interest increasing 1,850 lots to 670,000 lots, and is expected to trade between US$ 2,550-2,600 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped by US$ 40.50 per tonne or 1.61 per cent to stand at US$ 2,556.50 per tonne on Thursday, July 29. 3-months bid price and 3-months offer price increased from US$ 2,504 per tonne to US$ 2,545.50 per tonne. Dec 22 bid price and Dec 22 offer price surged by USS$ 31 per tonne to US$ 2,511 per tonne. LME aluminium opening stock declined from 1401500 tonnes to 1395225 tonnes. Live Warrants still remained restrained at 831825 tonnes, while Cancelled Warrants totalled 563400 tonnes. LME aluminium 3-months Asian...
Aluminium cans are generally used for the packing of beer or beverages, but this time it is utilized for peanut mixes. Snack Pow, a new company in the city of Sherbrooke, Quebec offers snacks in more environmentally friendly aluminium containers. The snacks company of Canada focuses on package aluminium cans to stand out from the competition and promote the circular economy. Snack Pow has also reached out to several craftsmen from the region to develop the can. The company is also working upstream with Les Aliments Jardi, known for its bulk foods. The company stated: “We can find cans in vending machines at the University of Sherbrooke for a while. We carried out qualitative studies there to hit the nail on the head for colours and patterns.” “The idea was also to create practical cans....
