Vedanta Limited and Vedanta Aluminium Metal Limited (VAML) have posted their best second quarters (Q2) yet. Vedanta Limited’s Q2 2026 profit reached INR 6.2 billion (USD 651.22 million). Vedanta Aluminium reported profit after tax of INR 6.2 (USD 649.64 million), alongside an 83 per cent rise in EBITDA and record quarterly aluminium production of 649,000 tonnes. Here is how the Q2 FY27 metrics break down, entity by entity, and how they stack up when compared with each other. Vedanta Limited Q2 FY27: Financial performance Vedanta Limited reported an improved half-yearly performance with higher quarterly revenue, EBITDA and profit over the corresponding period of FY2026. Financial highlights: H1 2027 and Q2 FY27 vs H1 2026 and Q2 FY26 Revenue: H1 revenue at INR 492.68 billion, up 54 per...
LME aluminium prices advanced on October 28, with cash and three-month contracts posting gains. The Asian Reference Price moved lower, while exchange opening stocks and cancelled warrants declined. Alumina Platts prices recorded a stronger increase. The cash bid rose 0.73 per cent to USD 3,100 per tonne from USD 3,077.50 per tonne. The cash offer increased 0.75 per cent to USD 3,101 per tonne on October 28 from USD 3,078 per tonne previously. Three-month aluminium prices also moved higher. The bid climbed 0.70 per cent to USD 3,083.50 per tonne from USD 3,062 per tonne, while the offer advanced 0.65 per cent to USD 3,084 per tonne from USD 3,064 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
Grow with
AL Circle
On Friday, February 2, China’s A00 aluminium ingot price dipped by RMB10 per tonne to settle at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. As per the SMM data, the price in Gongyi has gained RMB 50 per tonne to arrive at RMB 18,810 per tonne, followed by a growth of RMB 10 per tonne in Chongqing and Shenyang to settle at RMB 18,910 per tonne and RMB 18,950 per tonne. On the other hand, the price in Wuxi has decreased by RMB 20 per tonne to clock at RMB 18,890 per tonne. In Hangzhou and Linyi, the A00 aluminium ingot prices have lost RMB 10 per tonne, reaching RMB 18,910 per tonne and RMB 18,880 per tonne. The domestic price of...
In a strategic move fostering collaboration among academia, industry, and government, IIIT Bhubaneswar inked a Memorandum of Understanding (MoU) with the Bureau of Indian Standards (BIS) on January 30 2024. This pivotal partnership aims to cultivate substantial growth and mutual development through innovative research initiatives in the realms of standardisation, conformity assessment, and quality processes. The collaboration between IIIT-Bhubaneswar and BIS holds significant promise for the aluminium industry, envisioning the establishment of pioneering standards for its diverse range of products. What is the fundamental responsibility of this active collaboration? The joint efforts will focus on advancing research in standardisation, offering avenues for short-term educational programs,...
In a landmark decision, the Federal Court upheld Rio Tinto's discernment in navigating the complex web of international sanctions in 2022. The esteemed court, presided over by Justice Michael O'Bryan, dismissed claims made by subsidiaries of a Leading Russian Aluminium Producer, challenging Rio's refusal to continue collaboration. In 2022, amidst the geopolitical upheaval following Russia's invasion of Ukraine, Rio Tinto demonstrated sagacity by severing ties with the Russian aluminium producer's subsidiaries, holding a 20% stake in Queensland Alumina Limited (QAL). This strategic move encompassed halting the supply of bauxite and alumina to the Russian giant, ultimately invoking emergency step-in rights to prevent any economic benefit from flowing to the sanctioned entities. Legal...
In 2023, the International Aluminium Institute (IAI) reported a 2.25 per cent annual increase in global primary aluminium production, reaching a total of 70.593 million tonnes by the end of December. However, this growth rate marked a slight slowdown compared to the previous year when the industry experienced a 3 per cent increase, reaching 69.038 million tonnes in 2022 from 67.092 million tonnes in 2021. By December 2023, the world's primary aluminium production had reached 6.04 million tonnes, contributing to a second-half output of 36.08 million tonnes. This H2 output reflected a notable 4.58 per cent increase from the first half, which stood at 34.5 million tonnes. The surge in production during the latter part of 2023 was attributed to alleviating the energy crisis in Europe, leading...
At this moment, the prevailing buzzword around the European terrain is CBAM, and after raising quite a few eyebrows, it seems to be taking shape. Apart from that, EU nations are not immune to the consequences of shifting to green energy all at once. The current economic slowdown in Germany has affected various industries, and unfortunately, the aluminium industry is not an exception. It is facing significant hardships due to elevated energy costs and the overall economic downturn. The President of Aluminium Germany (AD), Rob van Gils, announced: "The year 2023 has shown very clearly that the energy transition strategy in its current form is not working. Over-regulation, massive bureaucracy, and a lack of understanding of the importance of industry for prosperity and participation in...
LME aluminium opened at US$2,271.0 per tonne on Wednesday, with its low and high at US$2,261.0 per tonne and US$2,297.0 per tonne, respectively, before closing at US$2,285.0 per tonne, up 0.59 per cent. On Wednesday, January 31, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$ 5.5 per tonne or 0.24 per cent to settle at US$2,231.50 per tonne and US$2,232 per tonne. As per the London Metal Exchange (LME) price chart, both 3-month bid price and 3-month offer price added US$5.5 per tonne or 0.24 per cent to close at US$2,270 per tonne and US$2,270.50 per tonne. December 25 bid price and December 25 offer price ascended by US$5 per tonne or 0.19 per cent to halt at US$2,507 per tonne and US$2,512 per tonne. LME aluminium opening stock came in at...
On February 1, 2024, China’s A00 aluminium ingot price lost RMB50 per tonne to settle at RMB 18,920 per tonne, with the average prices ranging between RMB 18,900 per tonne and RMB 18,940 per tonne. The spot contract price may be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. The A00 aluminium ingot prices have shown a downfall in all the provinces. To begin with, the prices in Chongqing and Tianjin have descended by RMB 50 per tonne to arrive at RMB 18,900 per tonne and RMB 18,940 per tonne. On the same day, the prices in Foshan, Wuxi, Hangzhou and Shenyang dropped by RMB 40 per tonne to arrive at RMB 18,930 per tonne, RMB 18,910 per tonne, RMB 18,920 per tonne and RMB 18,950 per tonne. As per the Shanghai Metals Market (SMM) data, the prices in Gongyi and...
Introduction RPA, or robotic process automation, is the most accessible entry point to the realm of exponential technologies. Globally, the companies are driving towards RPA at an early stage of their digital transformation. The processes that are repetitive, time-consuming, and non-cerebral are the perfect candidates for RPA. The three major players in the domain of RPA are UiPath, Automation Anywhere and Blue Prism. All of them are fairly easy to learn and apply. It has also been proven through the various use cases that such technologies can significantly improve operational efficiency, increase the accuracy of work, reduce response to the market and increase employee satisfaction as they are exempted from boredom to a great extent. Because of such reasons, the global market size of...
On Wednesday, January 31, Egypt Aluminum, popularly known as Egyptalum, the largest aluminium producer in Egypt, announced that its net profits after tax during the first half of FY2023-24 ended December 31 amounted to EGP 3.43 billion, registering a jump of 101 per cent year-on-year from EGP 1.70 billion. The revenues surged by 60 per cent to EGP 13.38 billion during the first six months of FY2023-24 from EFP 8.35 billion. Earnings per share also rose significantly during the said period from EGP 2.40 to EGP 4.83. Financial growth in Egyptalum was even observed in the first quarter of FY2023-24 ended September 30. The EGX-listed firm posted a 61 per cent hike Y-o-Y in net profits after tax from EGP 642.63 million to EGP 1.63 billion. Revenues also expanded in the September quarter by 42...
In 2023, Africa's primary aluminium production reached 1.596 million tonnes, with an output of 133,000 tonnes in the last month of the year. According to the International Aluminium Institute survey, Africa's primary aluminium production in 2023 registered a fall of 1.48 per cent from 1.62 million tonnes in 2022. The decline in annual output during 2023 was primarily due to abysmally low production during February at 123,000 tonnes and April at 129,000 tonnes. The production in December stood at 133,000 tonnes, up by 1,000 tonnes from November 2023 but down by 8,000 tonnes or 5.71 per cent from 140,000 tonnes. Africa's daily average production in December was 4,300 tonnes, slightly less than in November despite the rise in monthly output. On a year-on-year calculation, the daily...
On winning the first position in the prestigious S&P Corporate Sustainability Assessment (CSA) rakings, Vedanta Aluminium, a business of Vedanta Limited, said that their commitment towards increasing resource efficiency, using more renewables in the energy mix and converting waste into wealth is now stronger than ever before. CEO John Slaven commented in a statement that Vedanta Aluminium had been partnering with its community members, prioritising energy and performance efficiency and inclusive development. Vedanta’s vision to sustainability goes beyond business compliance. They want to make positive impact on the environment, and their top rank in the S&P Global CSA testifies their commitment . John Slaven said, "We have embarked on a transformative journey where our commitment to...
On January 31, today, the SMM A00 aluminium ingot price in China has lowered by RMB 40 per tonne to close at RMB 18,970 per tonne, with the average prices hovering between RMB 18,950 per tonne and RMB 18,990 per tonne. On January 24, last week, the SMM aluminium price was RMB 18,980 per tonne, which has fallen by RMB 10 per tonne or 0.05 per cent Week-on-Week to halt at what it is today. China’s SMM A00 aluminium market trend in January If we consider the SMM aluminium price on December 29, we’ll find a Month-on-Month slump of RMB 600 per tonne or 3.06 per cent from RMB 19,570 per tonne recorded that day. Throughout the first month of 2024, China’s aluminium market flashed a declining trend, with the highest SMM aluminium price marked at RMB 19,480 per tonne on January 2. The low carbon...
LME aluminium opened at US$2,254.5 per tonne on Tuesday, with its low and high at US$2,247.5 per tonne and US$2,277.5 per tonne, respectively, before closing at US$2,271.5 per tonne, up 0.91 per cent. On Tuesday, January 30, both LME aluminium cash bid price and LME aluminium official settlement price ascended by US$12.5 per tonne or 0.56 per cent to stand at US$2,226 per tonne and US$2,226.50 per tonne. As per the LME aluminium data , 3-month bid price and 3-month offer price hiked by US$15.5 per tonne or 0.68 per cent and US$14 per tonne or 0.62 per cent to stand at US$2,264.50 per tonne and US$2,265 per tonne. December 25 bid price and December 25 offer price gained US$14 per tonne or 0.56 per cent to stand at US$2,502 per tonne and US$2,507 per tonne. LME aluminium 3-month Asian...
Henan Calgon Carbon Co., Ltd., the foreign trade department of Henan KFCC Carbon Co., Ltd, has recently joined the AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain, showcasing its expertise as a leading supplier of graphite electrodes and calcined petroleum coke . Established in 2019 and situated in Anyang City, Henan Province, China, the foreign trade department boasts a dedicated team of 20 employees and a spacious facility spanning over 1100 square meters. As an integral part of KFCC, Henan Calgon Carbon specialises in exporting high-quality graphite electrodes and calcined petroleum coke. With an annual export capacity of 20,000 tons of graphite electrodes, their product series includes UHP, HP, and RP...
According to market predictions, most forward-looking commodities markets experienced declining profit margins in 2023. Navigating the uncertainty The tightening of global monetary policies has exerted pressure on the demand for metals, and the widespread supply chain disruptions experienced in 2022 have mostly subsided. While the renewable energy and electric vehicle (EV) sectors, crucial contributors to metal demand, have exhibited resilience, they are only partially shielded from the broader global economic deceleration and are contending with their challenges. As the world enters 2024, a significant level of uncertainty continues to linger. Markets are haunted by issues such as conflict, energy security concerns, and uncertainties surrounding China's economic future, making it...
LME aluminium opened at US$2,261.50 per tonne on Monday, with its low and high at US$2,237 per tonne and US$2,268 per tonne, respectively, before closing at US$2,251 per tonne, down 1.03 per cent. The LME aluminium official price chart on January 29 flashed a slight increase in rates, with the LME official cash bid price stopping at US$2,213.50 per tonne with a spike of US$2 per tonne or 0.09 per cent. The LME official settlement price parked at US$2,214 per tonne, having registered a similar rise. Comparison with December 2023 If the LME aluminium price on December 29 last year is taken into account, we can calculate a Month-on-Month slump of US$121.50 per tonne or 5.2 per cent. Throughout January this year, the LME aluminium price has shown a gradual decline, with the highest price...
On Tuesday, January 30, China’s A00 aluminium ingot price dropped by RMB 80 per tonne to settle at RMB 19,010 per tonne, with the average prices between RMB 18,990 per tonne and RMB 19,030 per tonne. As per the data, the SMM aluminium ingot price decreased by RMB 570 per tonne M-o-M from RMB 19,570 recorded on December 29. As of today, the spot contract price may be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The prices in Gongyi and Foshan have descended by RMB 130 per tonne and RMB 120 per tonne to clock at RMB 18,850 per tonne and RMB 19,000 per tonne, followed by a fall of RMB 100 per tonne in Chongqing to settle at RMB 18,990 per tonne. On the same day, the price in Shenyang decreased by RMB 90 per tonne to reach RMB 19,030 per tonne. The A00...
Yunnan Yongshun Aluminium Company successfully launched the 6MW photovoltaic DC connection to power its much-awaited electrolytic aluminium project following the deactivation of vacuum contactors in prefabricated compartments for photovoltaic 1 and 2 DC power routers. This pioneering project embraces innovative approaches, incorporating low-voltage DC conversion and protection devices. By surpassing traditional power supply technology barriers, the project enables the direct power supply of photovoltaic DC and electrolysis series. Additionally, it facilitates on-site consumption of distributed photovoltaics, enhancing the company's renewable energy utilization and efficiency levels. Implementing this cutting-edge technology supports green power direct supply and is crucial in advancing...
