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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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....
A00 aluminium ingot price in China has extended its growth by RMB 350 per tonne to end the week on Friday, July 30, at RMB 19,850 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,830 per tonne and RMB 19,870 per tonne, with spot contract to be traded at a premium price of RMB 60-20 per tonne. Gongyi, Foshan, and Hangzhou have also witnessed a hike of RMB 350 per tonne to RMB 19,730 per tonne, RMB 19,950 per tonne, and RMB 19,865 per tonne, respectively. In Wuxi, primary aluminium ingot price has surged by RMB 345 per tonne to RMB 19,860 per tonne, while the price in Linyi and Chongqing has climbed by RMB 330 per tonne and RMB 325 per tonne to stand at RMB 19,800 per tonne and RMB 19,835 per tonne. In Shenyang and Tianjin, A00 aluminium...
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Thursday, 29 July 2021, aluminium billets and wire rods prices stand at INR 225,100 per tonne and INR 229,100 per tonne. That marked a growth of INR 2,000 per tonne from INR 223,100 per tonne and INR 227,100 per tonne on July 24. Aluminium ingots price has come in at INR 218,000 per tonne on Thursday, 29 July 2021, from INR 216,000 per tonne on July 24, marking a hike of INR 2,000 per tonne. 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$ 2516 per tonne on July 28 from US$ 2497.5 per tonne on July 27. Aluminium operations of the company, excluding those of its US arm Novelis...
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry sector pursued to benefit from the positive market environment after an enterprising start to the first quarter of 2021. The Meta Division is flying remarkably high especially due to attractive aluminium prices and premiums. The demand for aluminium rolled products and recycled cast alloys developed positively, as expected, demand from the aircraft industry remained dull in the reporting period. Gerald Mayer, CEO of AMAG Austria Metall AG, said: “We were well equipped for the rapid market recovery, which enabled us to take advantage of the positive economic environment. Due to the attractive price situation in the Metal Division and a gratifying trend in shipments at the Ranshofen site, we not only exceeded the...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped by 20,600 tonnes from the previous week to 99,000 tonnes on Thursday, July 29, 2021. China’s aluminium billet outbound volume rose 6,700 tonnes to 53,200 tonnes last week. The chart below indicates the current status of aluminium billet inventories across China in more details: Stocks in all five major consumption areas fell on Thursday. Inventories of aluminium billets in Foshan, Wuxi and Changzhou reduced by 4,400 tonnes, 2,760 tonnes and 4,600 tonnes from last week to stand at 47,900 tonnes, 16,410 tonnes and 9,400 tonnes on Thursday, 29 July 2021. The stocks of billets in Huzhou fell significantly by 5,000 tones, standing at 7,000 tonnes from 12,000 tonnes on 22...
A team of Indian researchers have lately developed a Nano-structured self-cleaning sustainable aluminium surface by using a simple and environment-friendly fabrication process. It could have several applications ranging from biomedical to aerospace and automobiles to household appliances, while the process is simply adaptable to industrial-level production. As aluminium is a light-weight metal and it has multiple industrial applications for which it can be easily cast, machined and shaped. However, atmospheric degradation due to the accumulation of contaminants and humidity crucially restricts its performance and sustainability. Moreover, the leaching of aluminium also gives rise to environmental and health-related issues. To vanquish these complications, researchers from Shiv Nadar...
Gangavaram Port in Visakhapatnam, India, the deepest and the most modern port in India, has reportedly discharged 125,380 tonnes of bauxite within 24 hours using the Mechanical Unloading System, the fastest bauxite discharge rate in the history of any port in India and possibly in the world. The vessel M V. Berge Apo, carrying 165,598 tonnes of bauxite, was berthed at the port on account of M/S Vedanta Limited. So, the latter has expressed gratitude and appreciated the port management and staff who helped achieve the milestone. Besides, the port has recorded another milestone by achieving the highest loading in difficult grade of Iron Ore Fines Speaking on the occasion Gangavaram Port management said, “We are extremely delighted at this dual achievement by our team. The record discharge...
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. Last week, on July 22, China’s primary aluminium inventories stood at 809,000 tonnes, declining by 23,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: Among all the major Chinese cities, Wuxi has seen the sharpest decline of 24,000 tonnes to 256,000 tonnes as of July 29, followed by the downfall of 12,000 tonnes in Nanhai to 200,000 tonnes and 10,000 tonnes in Gongyi to...
As per the Organisation for Economic Co-operation and Development (OCED) snapshot, Czech Republic’s GDP following the sharp plunge in 2020 is projected to regain by 3.3% and 4.9% in 2021 and 2022, respectively. The country has countered one of the highest infection and death rates in the OECD region and progress in vaccinations has been relatively slow, delaying the relaxation of containment measures. The recovery will nevertheless gather pace in the second half of 2021, once the population is more extensively vaccinated, triggering a rebound in services and boosting private consumption and investment. Inflation has picked up due to rising food and fuel prices. The landlocked country in Central Europe, Czech Republic exported 203,930 tonnes of aluminium cans during 2018-20 and the revenue...
Hydro has decided to install a state-of-the-art 3,000-ton 12” indirect aluminium extrusion press line at its Cressona facility, Pennsylvania. The installation involves $48.3 million investment to meet North America’s growing transportation, distribution, and industrial market segments. The company expects the aluminium extrusion press line to be operational by late 2023. “We are very excited about the decision to continue investing in new assets at Cressona, and I am certain that our history of delivering strong results on past investments was a key factor,” said Mike Hammer, Senior Director of Operations for Hydro’s Cressona and North Liberty facilities. “This new press will create a strong foundation as we drive our manufacturing process to the next level in Cressona.” The modernization...
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. As per the report, Showa Denko has started the installation of the additional production line, which is expected to begin operations at the beginning of 2022. Aluminium heat radiators for power modules produced by Showa Denko adopt direct vacuum brazing between insulated substrates and other parts including aluminium fins produced by Showa Denko. The company’s aluminium heat radiators for PMs are small, having large heat dissipation capacity and alloy-free design of coolant pipes, thereby having a...
Constellium published results for the second quarter ended June 30, 2021. In Q2, shipments stood at 406 thousand tons, an increase of 31% year-on-year due to higher shipments in each of our segments. Revenue increased 47% to €1.5 billion due to higher shipments and higher metal prices. Net income was €108 million compared to a net loss of €32 million. Adjusted EBITDA came in at €170 million, an increase of 110% year due to stronger results in each of our segments. Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered record Adjusted EBITDA and solid Free Cash Flow generation in the second quarter. Each of our segments contributed to this success with record Adjusted EBITDA in P&ARP and AS&I. P&ARP delivered strong all-around performance amid very strong can...
Vedanta Limited has further increased its aluminium ingot and aluminium products prices, although lower than the previous day, with effect from Thursday, July 29. This marks a growth for the second consecutive time since July 24, bringing Vedanta’s aluminium ingot price to INR 218,500-231,500 per tonne. The price is thus up by INR 1,750 per tonne or 0.81 per cent from INR 216,750-229,750 per tonne. Vedanta’s aluminium wire rod price has also seen a rise of INR 1,750 per tonne from INR 224,250-231,750 per tonne on July 24 to INR 226,000-233,500 per tonne on July 29. Vedanta’s aluminium billet price has come in at INR 226,500 per tonne compared to INR 224,750 per tonne last week. Vedanta limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium...
The high-purity alumina provider, Altech Chemicals, who aims to become the world’s largest supplier in its segment has entered the conclusive stages of a $195 million listed green bond offering to dispense additional financing for the construction of a planned $400 million high purity alumina (HPA) plant in Malaysia. The HPA producer has been working with UK structuring agent Bedford Row Capital PLC and Perth-based Bluemount Capital since October’20 to prepare for the offering. Out of the funds raised, around $135 million will be utilized as secondary debt for construction of the 4,500 tonnes per annum plant in the state of Johor, Malaysia with the balance to be allocated for bond coupon (interest) repayments. The bond offering will be in counting to a $257 million credit facility already...
The Bauxite (4.5≤Al/Si＜5.5) price in Henan stood at RMB 430 per tonne on Thursday, 29 July 2021, an increase of RMB 42.5 per tonne after remaining restrained since July 12. The average price is expected to range between RMB 400-460 per tonne. Prices of bauxite remain unchanged in all the three major China markets (Shanxi, Guangxi and Guizhou). The alumina price in China increased to stand at RMB 2553 per tonne on Thursday, 29 July. The price records a growth of RMB 10 per tonne, as updated by Shanghai Metals Market. Alumina price in Shandong climbed by RMB 30 per tonne to stand at RMB 2560 per tonne. The prices of alumina in Henan and Shanxi China markets stood at RMB 2575 per tonne each, up by RMB 10 per tonne each SMM aluminium ingot price stood higher at RMB 19500 per tonne on...
According to report on Thursday, July 29, bauxite miner Canyon Resources has appointed Foster Stockbroking to manage a $4 million raise for the company. The amount is for funding a feasibility study. As per the report, 8¢ per share or a 14 per cent discount to the last trading price has been offered for the public raise. Bids are due on Thursday, 5 PM. Besides, Canyon Resources has already secured a commitment from existing major shareholder and non-executive director Peter Su, which, however, is subject to shareholder approval. The business has also reserved the right to take oversubscriptions. Canyon Resources’ flagship project is located in Cameroon, West Africa. Its major shareholder is AusGlobal Bauxite, which holds 9 per cent of the company.
Three-month LME aluminium closed 1.45 per cent higher at US$ 2,521 per tonne on Wednesday, with open interest decreasing 943 lots to 668,000 lots, and is expected to trade between US$ 2,500-2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price again exceeded US$ 2,500 per tonne mark to stand at US$ 2,516 per tonne by gaining US$ 18.50 per tonne on Wednesday, July 28. However, 3-months bid price and 3-months offer price rose by US$ 12 per tonne to come in at US$ 2,504 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,466.50 per tonne to US$ 2,480 per tonne. LME aluminium opening stock continued to decrease from 1408000 tonnes to 1401500 tonne. Live Warrants remained restrained at 831825 tonnes, while Cancelled Warrants totalled 569675...
According to a recent report, Ball Corporation, the world’s leading beverage packaging company, will contribute $383.8 million to over $1 billion project with Red Bull and Rauch’s beverage manufacturing hub in Concord, Cabarrus County, USA. The three companies together will make the investment by 2027, creating more than 600 jobs at an overall average wage of $57,393. Headquartered in Colorado, Ball Corporation is a global leader in supplying recyclable aluminium packaging for beverages and aerosols. Since inception in 1880, the company has built more than 60 production facilities around the globe, with 21,500 employees. In the new joint venture, Ball Corporation will manufacture aluminium cans for Red Bull and other customers in a new 800,000 square foot state-of-the-art operation....
