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
Effective February 1, 2024, Hisham Alkooheji will uphold the post of Alba's Acting Chief Marketing Officer (CMO) after the former CMO Khalid A. Latif steps down. Hisham Alkooheji's journey within Alba has been marked by significant contributions and a progression of roles. Commencing his tenure as an Operational Excellence specialist in 2011, he ascended to the position of Health Compliance and pricing-marketing in 2016. Hisham Alkooheji's chronology in ALBA Demonstrating versatility, from 2018 to 2020, Alkooheji shouldered responsibilities as the Manager of Customer Services & Marketing Operations and Manager of Sales in the Middle East & Africa. Notably, during this period, he oversaw Alba's global export logistics and Casthouse production planning. Recognising his prowess, Alkooheji...
According to the Shanghai Metals Market (SMM) survey, China produced 3.562 million tonnes of primary aluminium in December (31 calendar days) 2023. That was an annual increase of 3.6 per cent, leading to a cumulative output of 41.513 million tonnes in the entire year. Production analysis The daily average domestic aluminium production recorded a drop of more than 3,800 tonnes month-on-month to stand at around 114,900 tonnes in December. Although domestic operating capacity increased slightly over a month, the electrolytic cells in Yunnan that were shut down previously no longer produced aluminium liquid. The annual domestic output of 2023 experienced a rise of 3.6 per cent, found SMM. In December 2023, the domestic aluminium liquid alloying ratio remained high, except for some smelters in...
Today, on January 22, the SMM A00 aluminium price has remained stagnant on its previous weekend’s position, recording a price of RMB 18,830 per tonne. If we consider China’s A00 aluminium ingot price on October 23, last year, there can be found a Quarter-on-Quarter descend of RMB 90 per tonne or 0.47 per cent from RMB 18,920 per tonne marked that day. Similarly, if we take last year’s SMM aluminium price on December 22, there can be seen a Month-on-Month loss of RMB 290 per tonne or 1.52 per cent from RMB 19,120 per tonne logged that day. It is clear that China’s aluminium market was slowly regaining traction last December but the price is on the downhill since mid-January. Decoding the prevailing conditions in China’s aluminium market The Chinese market if facing a new trouble at this...
LME aluminium opened at US$2,172 per tonne last Friday, with high and low at US$2,182 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,172.5 per tonne, an increase of US$4.5 per tonne or 0.21 per cent. On Friday, January 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$9 per tonne or 0.42 per cent and US$8.5 per tonne or 0.39 per cent to stand at US$2,121 per tonne and US$2,122 per tonne. 3-month bid price and 3-month offer price decreased by US$11 per tonne or 0.50 per cent and US$11.5 per tonne or 0.52 per cent to settle at US$2,164 per tonne and US$2,164.50 per tonne. December 25 bid price and December 25 offer price dipped by US$10 per tonne or 0.41 per cent to peg at US$2,420 per tonne and US$2,425 per tonne. LME...
As we enter the third week of the new year in 2023, industry predictions have proven accurate, with the primary aluminium prices experiencing a continuous decline. Notably, the Shanghai Futures Exchange (SHFE) price has demonstrated better resilience compared to the London Metal Exchange (LME) price. Projections indicate that metal prices are anticipated to decrease by 5 per cent in 2024, with subsequent stabilisation in 2025. The World Bank's Metal Price Index is set to undergo a 5 per cent reduction in 2024. Nickel is expected to witness the most significant price decline, followed by aluminium, tin, zinc, lead, and copper. However, a modest rebound is foreseen in 2025, with price increases ranging from 2 per cent for lead to 9 per cent for aluminium. Let's review the top news and...
Epsilon Carbon Pvt. Ltd., a key player in the carbon industry, has recently inked a Memorandum of Understanding (MoU) with the Government of Odisha, marking a monumental step towards a substantial investment in the region. The Integrated Carbon Complex (ICC) project, costing almost INR 10,000 crore, is situated in Jharsuguda, Odisha. This project is expected to bring about significant socio-economic development in the region. It is expected to create around 2000 job opportunities directly and indirectly. What's more, the project highlights Epsilon Carbon's commitment to community development. Collaboration for Prosperity Epsilon Carbon is set to collaborate closely with local communities, steering comprehensive programs in education, skill development, healthcare, and infrastructure. This...
In the intricate web of the US aluminium industry, Magnitude 7 Metals faces an uncertain future, caught in the crossfire of financial struggles and soaring energy costs. As the industry grapples with these challenges, Renew Missouri, a prominent non-profit clean energy advocate, endeavours to rescue the beleaguered smelter. This article delves into the intricacies surrounding Magnitude 7 Metals, shedding light on the potential ramifications for the broader aluminium sector. The non-profit organisation stated: "Renew Missouri is very concerned by recent developments regarding Mag 7 Metals… which faces closure by the end of 2023 if a buyer is not found." Renew Missouri, Columbia's own clean energy advocate Renew Missouri; a stalwart non-profit championing clean energy initiatives, recently...
In celebrating National Startup Day, Vedanta Aluminium, a cornerstone of India's aluminium production, embraces cutting-edge collaborations with nearly 60 tech startups, propelling the industry into a new era. A vital player, contributing over half of India's aluminium production at an impressive 2.29 million tonnes in FY 2023, Vedanta stands out for its leadership in value-added aluminium products. The company's commitment to sustainability is prominent through its Dow Jones Sustainability Index 2022 ranking for the aluminium industry, where it stood second. Vedanta’s transformational initiatives Under Vedanta Spark, the company partners with startups for diverse projects, enhancing operational efficiency, monitoring production parameters, ensuring quality control, optimising power...
LME aluminium opened at US$2,180 per tonne on Thursday, with high and low at US$2,192.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,168 per tonne, a drop of US$46 per tonne or 2.08 per cent. On January 18, the London Metal Exchange price chart displayed shrinking aluminium prices, with the LME aluminium cash bid price officiating at US$2,130 per tonne and the LME aluminium official settlement price closing at US$2,130.50 per tonne, with a slump of US$11.50 per tonne or 0.54 per cent. The LME 3-month bid price halted at US$2,175 per tonne, and the LME 3-month offer price parked at US$2,176 per tonne, with a marked fall of US$14 per tonne or 0.64 per cent and US$13.50 per tonne or 0.62 per cent, respectively. The 25 December bid price and 25 December offer price...
AL Circle is pleased to announce the launch of its highly anticipated industry-focused report, "Global Aluminium Industry Outlook 2024." This comprehensive report will provide invaluable insights into the global aluminium market's current state and future trajectory. The Global Aluminium Industry Outlook 2024 is a meticulous compilation of production, market trends, and strategic insights that will shape the aluminium landscape in the coming years. AL Circle, renowned for its expertise and foresight, has left no stone unturned in providing an in-depth view of the industry's current and future trajectory. One of the focal points of the outlook is the exploration of emerging trends poised to shape the aluminium industry in 2024. From sustainable practices and production methods to the...
The SMM A00 aluminium ingot price graph has marked declining aluminium prices after recording a high rate of RMB 19,480 per tonne on January 2, at the beginning of the year. Since then, the aluminium price has been slowly dampening, finally stopping at RMB 18,890 per tonne on January 18, today, with a loss of RMB 590 per tonne or 3.03 per cent from the highest price of 2024, mentioned above. If we consider the SMM A00 aluminium ingot price on December 18, we can see a Month-on-Month slump of RMB 10 per tonne or 0.05 per cent from RMB 18,900 per tonne registered that day. Eight Central Provinces in China China’s eight main provinces have all measured lowering aluminium prices with only one exception, in Shenyang, where the aluminium price hiked by RMB 30 per tonne to close at RMB 19,050...
LME aluminium opened at US$2,215 per tonne on Wednesday, with high and low at US$2,217 per tonne and US$2,175 per tonne, respectively, before closing at US$2,176 per tonne, a drop of US$24 per tonne or 1.09 per cent. On Wednesday, January 17, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.76 per cent to settle at US$2,141.50 per tonne and US$2,142 per tonne. LME aluminium 3-month bid price and 3-month offer price slumped by US$16 per tonne or 0.72 per cent and US$17.5 per tonne or 0.79 per cent to peg at US$2,189 per tonne and US$2,189.50 per tonne. December 25 bid price and December 25 offer price also decreased by US$15 per tonne or 0.60 per cent to arrive at US$2,445 per tonne and US$2,450 per tonne. LME aluminium opening...
The leading Anglo-Australian mining giant Rio Tinto, with a strategic move, is selling its Lake MacLeod salt and gypsum operations to Leichhardt Industrials Group for $251 million. The sale is an open avenue for Rio Tinto to boost its portfolio, aiming to amplify operational efficiencies at its remaining sites. This divestiture, scheduled for completion by the end of the year, is aligned with Rio Tinto's broader plan to optimise its portfolio. Overview of Rio Tinto's Aluminium Operations Rio Tinto, a global mining leader, has been making noteworthy strides in the aluminium sector. With a focus on enhancing operational efficiencies, the company reported a positive uptick of just over 3% in its total copper equivalent production from 2022. Rio Tinto's focus on North America's recycled...
Yunnan Aluminum Haixin Alloy conducted the trial production of its much-awaited aluminium square bar A356.2 (K-84). At the dawn of the New Year, the company also marked successful mass production of Liufeng A356.2-Sr and A356.2 (K-3). Presently, the Alloy Division boasts an independent production capacity for five distinct A356.2 alloy products: A356.2 (K-18), A356.2 (K-19), A356.2 (K-80), A356.2-Sr, and A356.2 (K-3). The triumphant addition of A356.2 (K-84) to the array of aluminium alloy products further fortifies the company's prowess in the alloying business. In the realm of aluminium alloy elements, magnesium emerges as a pivotal contributor to strengthening. A mere 1 per cent increase in magnesium translates to an impressive approximately 34 MPa uptick in the alloy's tensile...
LME aluminium opened at US$2,201.5 per tonne on Tuesday, with high and low at US$2,217.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,214 per tonne, a drop of US$1.5 per tonne or 0.07 per cent. On January 16, the London Metal Exchange price chart displayed an ascending aluminium price trend, with the LME aluminium cash bid price officiating at US$2,158 per tonne and the LME aluminium official settlement price closing at US$2,158.50 per tonne, with a slight rise of US$5.50 per tonne or 0.25 per cent. LME benchmark aluminium price Year-on-Year comparison If we consider the aluminium price on January 16, one year back there, we can witness a prominent Year-on-Year plunge of US$444.50 per tonne or 17.08 per cent, which is quite a concern for the London Metal market....
The SMM A00 aluminium ingot price has dropped RMB 80 per tonne, resting at RMB 18,940 per tonne. The average prices have ranged between RMB 18,920 per tonne and RMB 18,960 per tonne. If we consider the SMM aluminium price on January 9, there can be seen a Week-on-Week slump of RMB 160 per tonne or 0.84 per cent. If compared with the last quarter of 2023, on October 16, when the SMM A00 ingot price was RMB 19,050 per tonne, we can calculate a Quarter-on-Quarter decline of RMB 110 per tonne or 0.58 per cent. Brief analogy of the SMM A00 aluminium ingot price market Though China has been toiling hard with production cuts in Yunnan and power scarcity in Xinjiang, Qinghai and Inner Mongolia for the greater part of December, there have been no estimated upheavals at the beginning of January....
LME aluminium opened at US$2,221.5 per tonne yesterday, with high and low at US$2,230 per tonne and US$2,198 per tonne, respectively, before closing at US$2,200 per tonne, a drop of US$15.5 per tonne or 0.70 per cent. On Monday, January 15, LME aluminium cash bid price and LME aluminium official settlement price dropped by US$21.5 per tonne or 0.98 per cent and US$22 per tonne or 0.11 per cent to settle at US$2,152.50 per tonne and US$2,153 per tonne. 3-month bid price and 3-month offer price also slumped by US$18.5 per tonne or 0.83 per cent to score at US$2,204 per tonne and US$2,205 per tonne. As per the LME data, December 25 bid price and December 25 offer price fell by US$18 per tonne or 0.72 per cent to clock at US$2,462 per tonne and US$2,467 per tonne. LME aluminium opening stock...
LME aluminium opened at US$2,239 per tonne last Friday, with high and low at US$2,245 per tonne and US$2,206 per tonne, respectively, before closing at US$2,215.5 per tonne, a drop of US$19.5 per tonne or 0.87 per cent. The London Metal Exchange price chart, on January 12, registered a downward trend in aluminium prices, with the LME aluminium cash bid price stopping at US$2,174 per tonne and the LME aluminium official settlement price closing at US$2,175 per tonne, with a loss of US$28.50 per tonne or 1.29 per cent and US$28 per tonne or 1.27 per cent. Prevailing London Metal Market and Global Trade Conditions Aluminium prices are dropping owing to the heightened stock accumulation in the LME warehouses. Moreover, a majority of these stocks have Russian origin. On the other hand, the...
