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...
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In December 2023, China’s unwrought aluminium alloy imports stood at 112,900 tonnes, reflecting a slight rise of 1 per cent over a month, showed China customs data. On a year-on-year basis, the December imports edged a hike of 22.3 per cent, bringing the total imports through 2023 to 1.1325 million tonnes, which was, however, down by 11.4 per cent Y-o-Y. Import sources In December, Malaysia, Thailand, Vietnam, Russia, and South Korea were the five main sources for China’s unwrought aluminium alloy imports. Of them all, Malaysia was the highest exporter, accounting for 42 per cent of China’s imports in December. According to customs data, Malaysia exported 47,100 tonnes of unwrought aluminium alloy. Thailand was the second largest exporter of unwrought aluminium alloy to China, supplying...
The European Union is contemplating restricting Russian aluminium as part of the 13th sanctions package. In a way to ban Russian aluminium imports, sanctions will be automatically applied against the energy sector given that the latter is a crucial input for the aluminium smelting process. A diplomat told Politico that sanctioning aluminium indirectly targets Russian energy, which makes up 40 per cent of the expenses in aluminium smelting. Discussions over the new prohibitions have been underway since the European Union decided to release a new sanctions package for the second anniversary of Russia’s invasion of Ukraine on February 24. A senior EU diplomat has stated that for the new sanctions package, the attention has shifted to less obvious areas like aluminium. In the 12th sanctions...
LME aluminium opened at US$2,234.0 per tonne last Friday, with its high and low at US$2,283.0 per tonne and US$2,233.5 per tonne, respectively, before closing at US$2,258.0 per tonne, up by US$26.0 per tonne or 1.16 per cent. On Friday, January 26, both LME aluminium cash bid price and LME aluminium official settlement price gained US$23.5 per tonne or 1.07 per cent to settle at US$2,211.50 per tonne and US$2,212 per tonne. LME aluminium 3-month bid price and 3-month offer price ascended by US$21 per tonne or 0.94 per cent and US$20 per tonne or 0.89 per cent to peg at US$2,249 per tonne and US$2,250 per tonne. December 25 bid price and December 25 offer price hiked by US$23 per tonne to reside at US$2,493 per tonne and US$2,498 per tonne. LME aluminium opening stock came in at 546250...
In the fourth week of the year, the global primary aluminium segment recorded many significant events. To begin with, in 2023, the International Aluminium Institute (IAI) reported a 2.25 per cent annual rise in global primary aluminium production, reaching 70.593 million tonnes by the end of December. South32, a diversified mining company, has set a new record for half-year aluminium production, driven by the strong performance of its Hillside Aluminium operation in KwaZulu-Natal, South Africa. The world primary aluminium production has recorded an annual increase of 2.25 per cent for 2023, reaching 70.593 million tonnes at the end of December, found the International Aluminium Institute (IAI). However, compared to the previous year, the growth rate has decreased in 2023. To know more:...
The second-largest aluminium smelter in southeast Missouri is set to cut back its operations by January 28, leading to a situation where "most employees" will no longer be necessary, as reported by local news on January 24. The information is sourced from a letter issued by the plant management. The reduction in operations at the New Madrid smelter in Missouri means that only four primary aluminium producers are active within the United States. The Magnitude 7 Metals LLC letter stated, "Due to abnormally cold weather, our operations have been severely impaired to the point where they cannot be restored while running." The letter also mentioned that Magnitude 7 plans to actively seek additional funding from potential investors to resume operations at the smelter in the coming years. The...
"Securing a 10-year Natural Gas Supply Agreement marks a significant chapter for Alba", remarked Khalid Al Rumaihi, Chairman of the Board at Alba, during the Signing Ceremony held with Bapco Upstream, a wholly-owned subsidiary of Bapco Energies, on January 23, 2024, at Al Dana Hall, Alba. The signing event saw the presence of Khalid Al Rumaihi, the Chairman of Alba, Eng. Faisal Al Mahroos, Chairman of Bapco Upstream, Ali Al Baqali, CEO of Alba, Johann Pleininger, CEO of Bapco Upstream, along with other officials from Alba. Effective from January 23, 2024, this Agreement replaces all prior agreements and seamlessly extends the Company's existing contract for natural gas requirements. Notably, the Agreement introduces a stable pricing framework for the initial 5-year term at a rate of US$4...
According to the Shanghai Metals Market survey, the domestic A00 aluminium ingot price has surged by RMB 210 per tonne over night to exceed RMB 19,000 per tonne. On Friday, January 26, the week closed at RMB 19,120 per tonne versus RMB 18,910 per tonne on January 25. Thus, on a week-on-week basis, the price is up by RMB 290 per tonne or 1.54 per cent from RMB 18,830 per tonne. The average prices are expected to range between RMB 19,100 per tonne and RMB 19,140 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne. In Wuxi, the price has jumped by RMB 220 per tonne to reach RMB 19,120 per tonne, while the price in Hangzhou and Chongqing has built up by RMB 210 per tonne to reach the same amount. In Gongyi, Shenyang, and Tianjin, A00 aluminium ingot price has...
LME aluminium opened at US$2,222.50 per tonne yesterday, with high and low at US$2,244 per tonne and US$2,205 per tonne, respectively, before closing at US$2,232 per tonne, up US$10 per tonne or 0.45 per cent. The LME aluminium benchmark price again recorded a decline on Thursday, January 25, after the two consecutive days of hike . Both LME aluminium cash bid price and LME aluminium official settlement price decreased by US$19 per tonne or 0.86 per cent to stand at US$2,188 per tonne and US$2,188.50 per tonne, respectively. Compared to the beginning of the month when the price was at US$2,336.50 per tonne, the LME aluminium benchmark price stands 6.33 per cent down. 3-month bid price and 3-month offer price shrank by US$15 per tonne and US$14 per tonne, respectively, to come in at...
Germany is currently experiencing an economic slowdown, and unfortunately, the aluminium industry is not immune to this challenging situation. It faces significant hardships due to elevated energy costs and the overall economic downturn. Rob van Gils, the President of Aluminium Germany (AD), emphasised, “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 Germany are damaging acceptance of the need for a clever climate protection policy.” Source: AD The outlook and review are equally impactful In 2023, the German aluminium industry experienced substantial reductions in production across various sectors,...
The Aluminium Association of Canada (AAC), representing the three Canadian world-class aluminium producers – Alcoa, Alouette, and Rio Tinto - has wholeheartedly accepted the government’s decision to add aluminium to Quebec’s list of critical and strategic minerals. According to AAC, the government’s decision has come at an ideal moment in industrial development as Quebec, which accounts for 75 per cent of North America’s primary aluminium production, will play a critical role in decarbonising the North American economy through its contribution to electrification. Quebec’s low-carbon aluminium will be a significant part of this phenomenon for being an absolute essential in electrification products. From solar panels for producing renewable energy to electric vehicle batteries with lower...
According to the US Census Bureau data, the United States' domestic primary aluminium production showed no change in November 2023 from the previous month, remaining at 61,000 tonnes. However, on a year-on-year basis, the output experienced a 1,000 tonnes fall from 62,000 tonnes. Detailed evaluation of the output In eleven months of 2023, the United States' primary aluminium production amounted to 686,000 tonnes, of which 378,000 tonnes was produced in the first half of the year. In the second half of the year till November, the output totalled 308,000 tonnes, meaning the United States' primary aluminium production trended down in H2 2023. Overall, the United States' Y-T-D production lags behind 175,000 tonnes of the previous year's total output of 861,000 tonnes. The United States'...
LME aluminium opened at US$2,231 per tonne yesterday, with its high and low at US$2,268 per tonne and US$2,222 per tonne, respectively, before closing at US$2,222 per tonne, down US$10 per tonne or 0.45 per cent. On Wednesday, January 24, both LME aluminium cash bid price and LME aluminium official settlement price expanded for the second day in a row owing to EU sanction rumours . As per the data, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$62.5 per tonne or 2.91 per cent to halt at US$2,207 per tonne and US$2,207.50 per tonne. 3-month bid price and 3-month offer price gained US$58 per tonne or 2.65 per cent and US$58.5 per tonne or 2.67 per cent to peg at US$2,243 per tonne and US$2,244 per tonne. December 25 bid price and December 25 offer...
According to the Shanghai Metals Market (SMM) survey, A00 aluminium ingot price has recorded a decline of RMB 70 per tonne on Thursday, January 25, to reach RMB 18,910 per tonne. The average prices are estimated to range between RMB 18,890 per tonne and RMB 18,930 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne. On a week-on-week basis, the price is, however, up by RMB 20 per tonne from RMB 18,890 per tonne, but down over a month by RMB 160 per tonne from RMB 19,070 per tonne. In Gongyi, A00 aluminium ingot price has shrunk by RMB 90 per tonne to stand at RMB 18,850 per tonne, followed by the decline of RMB 70 per tonne in Hangzhou and Chongqing to RMB 18,910 per tonne. In Foshan and Wuxi, the price has also decreased by RMB 70 per tonne but amounted...
The world primary aluminium production has recorded an annual increase of 2.25 per cent for 2023, reaching 70.593 million tonnes at the end of December, found the International Aluminium Institute (IAI). However, compared to the previous year, the growth rate has decreased in 2023. In 2022, the global output had grown by 3 per cent to stand at 69.038 million tonnes, from 67.092 million tonnes in 2021. In-depth analysis of production In December 2023, the world primary aluminium production stood at 6.04 million tonnes, bringing the H2 output at 36.08 million tonnes, up by 4.58 per cent from 34.5 million tonnes in H1. That represented the fact that the global primary aluminium production gained momentum during the second half of 2023 as the energy crisis in Europe eased leading to...
LME aluminium opened at US$2,159 per tonne yesterday, with its high and low at US$2,237 per tonne and US$2,156 per tonne, respectively, before closing at US$2,232 per tonne, up by US$77 per tonne or 3.57 per cent. On Tuesday, January 23, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$35 per tonne or 1.65 per cent to settle at RMB 2,144.50 per tonne and US$2,145 per tonne. Aluminium prices edged higher following indications that the European Union is contemplating sanctions on Russian aluminium in anticipation of the second anniversary of the geopolitical crisis. On the same day, both 3-month bid price and 3-month offer price gained US$32 per tonne or 1.48 per cent and US$31.5 per tonne or 1.46 per cent to arrive at US$2,185 per tonne and...
Baotou Aluminum recently achieved the 2023 Energy Management System Certification, with Fangyuan Logo Certification Group set to conduct the external audit. A comprehensive evaluation of Baotou Aluminium's overall energy consumption was also undertaken. Leading the charge in the audit were Ma Jianning, the Deputy General Manager, Wang Baoxin, Deputy Chief Engineer, along with heads and energy administrators from five key areas, namely electrolysis plants, high-purity aluminium plants, alloy business units, power plants, thermal power plants, and related departments. Since initiating the energy management system certification efforts, the China-based electrolytic aluminium enterprise has significantly emphasised meticulous planning and deployment. The company has conducted a comprehensive...
South32, a diversified mining company, has achieved a record half-year aluminium production, propelled by the robust performance of its Hillside Aluminium operation in KwaZulu-Natal, South Africa. Additionally, South African manganese witnessed a 9 per cent increase in sales during the December quarter, fetching a 5 per cent price premium compared to the medium grade 37 per cent manganese lump ore index. However, South32 faced challenges in Australia, with lower secondary production yields reported at Australia Manganese. This was exacerbated by a royalty tax of 20 per cent of adjusted earnings before interest and tax. “With some of our commodities facing headwinds in the half, we continued to focus on delivering cost efficiencies and expect first half operating unit costs to be below or...
LME aluminium opened at US$2,174 per tonne yesterday, with its high and low at US$2180 per tonne and US$2,152.5 per tonne, respectively, before closing at US$2,155 per tonne, down by US$17.5 per tonne or 0.81 per cent. The LME aluminium official price chart on January 22 showed decreasing rates, with the LME cash bid price halting at US$2,109.50 per tonne with a slump of US$11.50 per tonne or 0.54 per cent. The LME official settlement price stopped at US$2,110 per tonne, having registered a drop of US$12 per tonne or 0.56 per cent. When the price on January 15, last Monday, is taken into account, we can observe a Week-on-Week decrease of US$43 per tonne or 2 per cent. The LME 3-month bid price and LME 3-month offer price dwindled by US$11 per tonne or 0.51 per cent and US$10.50 per tonne...
