AlCircle News Edited By "Trisha Hazra"
Trisha Hazra is a rising digital marketing enthusiast who is passionate about writing and content creation. She is pursuing an MBA in Digital Marketing and is on a journey to blend creativity and aluminium with strategic insights.
LME aluminium prices rebound to USD 2,861.5/t; is the upswing sustainable?
On Thursday, November 6, the London Metal Exchange (LME) aluminium price rose after a sharp decline the previous close. However, the LME aluminium 3-month Asian Reference Price continued to show a declining trend. Both the LME cash bid and offer contracts rose by USD 23 per tonne or 0.81 per cent, and each went up to USD 2,861 per tonne and USD 2,861.5 per tonne. Similarly, the LME 3-month bid also saw an upward trajectory by USD 25 per tonne or 0.9 per cent, to finally settle at USD 2,871 per tonne. The 3-month offer also widened by USD 25.5 per tonne or 0.9 per cent and is currently at USD 2,872 per tonne. To know more about the aluminium extrusion and its forecast till 2032, read “ The World of Aluminium Extrusions – Industry Forecast to 2032 ” The upward movement continued in both the...
From loss to lead: Boksit’s profit soars despite 14% revenue dip
Boksit, a Bosnian bauxite mining company, suggested an outstanding surge in its net profit at BAM 13.1 million or USD 7.7 million in the first nine months of 2025. During the same period last year, this surge marked a leap from BAM 603 thousand. In the first 9 months of 2025, the firm achieved a 14 per cent year-on-year decline in total revenue to BAM 28.5 million (USD 16.8 million), as reflected in its financial report rolled out on Tuesday. Irrespective of this dip, the firm secured a strong profit balance by making a 52.9 per cent reduction in the total expenditures, bringing them down to BAM 15.3 million (USD 9.02 million) for the review period. H1 performance at a glance The company represented a robust performance in H1 2025, where the net profit reached BAM 4.7 million (USD 2.8...
From mines to biofuels: how the Oswals are powering Africa’s green ambition
Pioneering investment in Guinea to a new generation's innovative ethanol project in Uganda, the Oswals’ investment pool in Africa is phenomenal, reflecting determination and forward-thinking. The family with Axis Mineral and PRO Industries are not easily persuaded by unstable political affairs, market hindrances or gender biases, firmly believing in Africa’s immense and untapped opportunities. Pankaj Oswal's entrepreneurial journey: From local to international Audacious bets and stubborn resilience perfectly reflect upon Pankaj Oswal's entrepreneurial journey, taking him from the national boundaries to the international realms. At a time when Guinea had not emerged as the key player in bauxite and other investors viewed it as too risky for investment, through Axis Minerals, Oswal had...
LME aluminium cash offer slips to USD 2,838.5/t as market steadies for next move
The start of the week reflected an enhanced London Metal Exchange (LME) aluminium price, but the following represented a dip in the LME, where cash, 3-month contract and forward contract dipped significantly. Both the LME cash bid and offer fell by USD 14.5 per tonne or 0.5 per cent, down from USD 2,852.5 per tonne to USD 2,838 per tonne and from USD 2,853 per tonne to USD 2,838.5 per tonne, respectively. The three-month contract also declined on November 5, with the bid falling by USD 14.5 per tonne or 0.5 per cent to USD 2,846 per tonne and the offer down by USD 15 per tonne or 0.52 per cent to USD 2,846.5 per tonne. To know more about the aluminium extrusion and its forecast till 2032, read “ The World of Aluminium Extrusions – Industry Forecast to 2032 ” For forward contracts, both...
Vedanta Aluminium achieves 8.96% GHG reduction, powering its Net Zero 2070 mission
Three important ESG disclosures for FY25 have been released by India's largest aluminium producer, Vedanta Aluminium. The Sustainable Development Report marks a clear discussion concerning the Taskforce on Nature-related Financial Disclosures (TNFD) Report and the Taskforce on Climate-related Financial Disclosures (TCFD) Report. With these documents, the firm can uphold ongoing efforts to enhance transparency and accountability by aligning with the country's ambitious Net Zero 2070 vision as well as upholding a sustainable industrial landscape. The company's firm commitment towards achieving its ESG vision, stating "Transforming for Good", it is working towards weaving sustainability into every aspect of its operations. To achieve this, the firm is propelling decarbonisation in smelting...
Experts push for action; will Odisha's bauxite power India’s aluminium revolution?
Immediate and time-sensitive actions are urged by the aluminium industry experts and policymakers to explore Odisha’s bauxite reserves. This step is crucial for bolstering India’s aluminium value chain by unlocking mines, which significantly contribute to the country’s self-reliance goals under the Atmanirbhar Bharat and Viksit Bharat initiatives, by securing a stable and sustainable supply of raw materials for the country's domestic aluminium industry. AIDENT and FIJEEHA co-hosted a national webinar where industry leaders came together and expressed the urgent need to ramp up the mine operationalisation alongside fostering growth in downstream industries, as well as push the policy reforms poised to strengthen Odisha’s role in India’s aluminium value chain. Growth potential with...
Bell Bay aluminium smelter power deal buys time for 14 months
Good news for Rio Tinto's Bell Bay aluminium smelter, with the new power deal inked, it will be running for at least the next 14 months. This came as the Tasmanian government decided to extend its power supply agreement temporarily. This extension ensures production stability while talks are underway regarding a potential federal government support package aimed at securing the smelter's long-term future. Where the issue arose The Bell Bay aluminium smelter, nestled close to Launceston, supports about 500 jobs. As per the recent electricity supply agreement, Tasmania's state-owned power generator will run out on December 31. Back in April, Rio Tinto expressed concern regarding this pressing issue, highlighting that there's still " material uncertainty " about the smelter's operations...
India’s solar revolution finds its next frontier in Rajasthan’s 2.45 GW mega park
Rajasthan is spearheading India’s solar revolution with the launch of the country’s first mega solar park, the 2.45 GW Pugal Solar Park in Bikaner, integrated with a 5 GWh BESS. Developed by RSDCL under RRECL, the project marks a pivotal step in strengthening large-scale renewable infrastructure, supported by robust transmission development from RVPN and a full offtake guarantee from the State government. India's current renewable energy scenario India hit the total renewable energy (RE) capacity, in terms of installed power capacity, by almost 45 per cent by July 2025. This marks a high growth trajectory for solar energy, leading by 50 per cent, followed by hydro at 23 per cent and wind at 22 per cent. The government is incorporating initiatives, including the National Green Hydrogen...
Hitachi Energy India’s Q2 results reveal more than just strong numbers
Hitachi Energy India Limited, a leading player in cutting-edge power grid technologies, has announced impressive financial results for the second quarter. This performance highlights strong growth across its main business areas and key financial metrics. Revenue & profitability The Indian energy firm has reported an impressive quarterly performance, with revenue soaring to INR 1,915.20 crore (USD 230.75 million), marking a 23.30 per cent jump from INR 1,553.80 crore (USD 187.21 million) during the same period last year. The company credits this growth to its effective order execution and improved operational performance. Net profit saw a remarkable year-on-year increase of 405.60 per cent, rising to INR 264.40 crore (USD 31.84 million) from INR 52.30 crore (USD 6.30 million) in the same...
Aluminium nears USD 2,903/t on LME — signs of a stronger market ahead?
The start of the week reflected an enhanced London Metal Exchange (LME) aluminium price, where cash, 3-month contract, and forward contract also rose significantly. However, a slight decline has been seen in the opening stock & cancelled warrants. LME cash bid grew by USD 17.5 per tonne or 0.60 per cent to finally settle at USD 2,902 per tonne, up from USD 2,884.5 per tonne. Concurrently, the LME cash offer settlement also widened by USD 18 per tonne or 0.62 per cent and is at USD 2,903 per tonne, up from USD 2,885 per tonne. The three-month contract also firmed, with the bid rising by USD 26.5 per tonne or 1.21 per cent to USD 2,906.5 per tonne and the offer up by USD 25 per tonne or 1.26 per cent to USD 2,907 per tonne. To know more about the aluminium extrusion and its forecast till...
Big breakthrough for HART: ₹30+ crore deal signals global growth for S&S Power Switchgears
S&S Power Switchgears Limited has just hit a significant milestone with its fully-owned subsidiary, Hamilton Research & Technology Private Limited (HART). It has received a Letter of Intent (LOI) from Giza Systems Free Zone in Egypt to provide an innovative Pot Control System along with other technologies tailored for aluminium smelter operations. Crucial contract details The contract, valued at over INR 30 crores (USD 3.6 million), has been awarded by Giza Systems Free Zone in Egypt. It involves supplying a Pot Control System along with related technologies. The project is set to kick off within this financial year and will unfold over a span of 36 months. This collaboration not only highlights S&S Power Switchgears Limited’s technological prowess but also showcases HART’s skill in...
Ford’s EV icon hits the brakes amid aluminium shortage from the Novelis blaze
When the truck that once stole the spotlight in the EV world comes to a stop, the entire industry takes notice. The pause in production of the Ford F‑150 Lightning, caused by disruptions in the aluminium supply chain, highlights a crucial point, even when the most celebrated EVs are not shielded from the risks that come from upstream material shortages. A fire denting Ford’s plan In a surprising turn of events for the automotive supply chain, a huge fire at Novelis’s North American aluminium sheet plant has put Ford’s production of its popular F‑150 in jeopardy. The fire at the Scriba facility in New York, which provides essential aluminium body panels, is expected to keep a large part of the plant shut down until early 2026. This could lead to significant ripple effects throughout Ford’s...
A bold Turkish step reshapes Europe’s aluminium landscape
A fresh strategic alliance is taking shape in Turkey’s aluminium landscape. A Turkish aluminium producer, ASAS, is making waves internationally by acquiring Eurofoil France, a company based in France. This acquisition is a major step forward in ASAS’s strategy for global expansion, marking an exciting new chapter for its operations throughout Europe. Although the financial specifics of the acquisition have not been revealed yet, ASAS shared on Friday that the French subsidiary will keep operating under its new name, ASAS S.A.S. The aim? To boost the Turkish aluminium industry ASAS General Manager Derya Hatiboglu described the acquisition as a “strategic step” designed to enhance the company’s production capacity and foster global collaboration. The company emphasised that this move...
Another PPA off the table; what’s next for Hydro’s wind ambition?
Norwegian aluminium and energy giant, Hydro, has revealed that it anticipates receiving compensation of NOK 251 million (EUR 21.6 million or USD 25.0 million) after ending a power purchase agreement (PPA) with one of Sweden’s largest wind farms. This compensation arises from the cancellation of a long-term renewable energy contract, highlighting the financial adjustments tied to the firm’s shifting power procurement strategy in the Nordic energy market. In its third-quarter 2025 report, the company has announced that it has recognised the anticipated compensation related to the Överturingen wind farm located in northern Sweden. Chief Financial Officer Trond Olaf Christophersen shared that this payment is associated with the project owned by Cloud Snurran AB, which just managed to steer...
UK’s new power relief plan: Will aluminium finally get its fair share?
The UK Government has just rolled out an important initiative designed to cut electricity costs for Energy Intensive Industries (EIIs). This move is expected to save British businesses more than EUR 400 million (USD 465 million) each year. It is a part of a larger plan to enhance industrial competitiveness, safeguard jobs and strengthen the nation’s manufacturing base. The initiative in detail The Department for Business and Trade (DBT) has announced that this initiative will significantly expand the support available through the current EII Exemption Scheme. Eligible businesses will have a better chance to offset the indirect costs tied to renewable electricity policies. These improved measures aim to bring UK electricity prices more in line with global standards while also bolstering...
Weekly downstream AL update: Q3 highs, market shifts and product breakthroughs hint at what’s next for aluminium downstream market
This week in the aluminium downstream sector, major players shared impressive Q3 results, rolled out cutting-edge product technologies and announced significant leadership changes, indicating a vibrant shift throughout the global value chain. Weekly aluminium downstream recap by AL Circle Pvt Ltd Key Q3 updates Kaiser Aluminum in Q3 2025 has brought in a revenue of USD 843.5 million, which is a 13 per cent increase compared to last year. This growth was fueled by a 22 per cent jump in the average selling price, even though shipments dipped by 8 per cent due to a planned outage. Operating income skyrocketed to USD 48.8 million, up from USD 13.2 million, while net income climbed to USD 39.5 million, a significant rise from USD 8.8 million. For further financial updates, read this ....
Tomago on the brink? Ley’s visit reignites debate over Australia’s energy policy
Sussan Ley recently met with the Chief Executive Officer of Tomago Aluminium Company, Jérôme Dozol. The meeting was all about tackling the current hurdles the smelter is facing, especially the rising power costs and how it is affecting the ability to operate effectively. Sussan Ley clarified that her meeting with the CEO was not aimed at the Albanese government, except for her call for them to put together a solid and practical energy policy. She stressed that her primary concern is still the workforce, ensuring production stability, and the shared pride in keeping one of the top aluminium smelters in the world running strong. Ley’s visit to Tomago Aluminium Sussan Ley recently paid a visit to the Tomago Aluminium smelter in the Hunter region. This visit came on the heels of the company's...
Vedanta’s demerger takes a turn as SEBI nod meets NCLT hurdle
In a significant step forward for Vedanta's ongoing corporate restructuring, the Securities and Exchange Board of India (SEBI) has given the green light to the company's proposed demerger documentation. However, the demerger has hit a new snag due to the recent changes in the National Company Law Tribunal's (NCLT) Mumbai bench. SEBI has given its approval to Vedanta’s demerger documentation, marking a significant step forward in the company’s restructuring efforts. This approval sets the stage for Vedanta to proceed with its planned corporate reorganisation, as long as it secures the necessary regulatory approvals and navigates any legal challenges ahead. The initial plan The initial demerger plan, which was put forward earlier this year, included four of Vedanta’s group companies:...
