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
The primary aluminium sector has been packed with several significant advancements this week. PT Indonesia Asahan Aluminium (Persero), or Inalum, is about to expand its aluminium smelter in Kuala Tanjung, North Sumatra and initiate the second act in the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan. The expansion will increase the aluminium smelter's capacity to 600,000 tonnes, and the SGAR plant's alumina production capacity will reach 3 million tonnes per year, up from 1 million. Aluminium Bahrain (Alba) is preparing to auction off equipment from its old power plants, PS1 and PS2, in Aska, Bahrain. The auction will be hosted by public auction specialist Mazad. There has been a significant change in the origin of aluminium stored in the London Metal Exchange (LME)...
In the crucible of the aluminium industry, where molten dreams of progress and innovation are cast, Russia's juggernaut, Rusal, stands as an imposing titan beyond the shadow of China. A recent blaze at the Krasnoyarsk smelter, a pivotal bastion in Rusal's colossal arsenal, briefly threatened the symphony of production that yielded 3.8 million metric tonnes of aluminium in the annals of 2022. The Krasnoyarsk smelter, a colossus contributing a formidable 1.0 million tonnes to Rusal's grand tapestry, faced the tempest of a fire at its core—a transformer ablaze in the crucible of industrial progress. Three months prior, a similar inferno had danced upon the same stage, drawing attention to the precarious dance with fire that the industry occasionally engages in. Yet, in the face of adversity,...
LME aluminium opened at US$2,234 per tonne on Thursday, with high and low at US$2,252 per tonne and US$2,229.5 per tonne, respectively, before closing at US$2,235 per tonne, unchanged from the previous trading day. On Thursday, January 11, both LME aluminium cash bid price and LME aluminium official settlement price inched down by US$0.5 per tonne or 0.02 per cent and US$1 per tonne or 0.04 per cent to settle at US$2,202.50 per tonne and US$2,203 per tonne. LME aluminium 3-month bid price and 3-month offer price reflected no change and settled at US$2,244 per tonne and US$2,245 per tonne. December 25 bid price and December 25 offer price dropped by US$5 per tonne or 0.19 per cent to clock at US$2,500 per tonne and US$2,505 per tonne. LME aluminium opening stock came in at 560575 tonnes....
A dramatic shift in the origin of aluminium stockpiled in the London Metal Exchange (LME) warehouses has taken place, with Russian metal now dominating the stocks. At the end of December 2023, a staggering 90 per cent of the aluminium stored in the LME was of Russian origin, according to the exchange's latest data. This marks a significant increase from less than 10 per cent before the Ukraine-Russia geopolitical crisis began to nearly 80 per cent at the end of November. The data reveals that the entirety of the increase in LME aluminium stocks in December came from Russian metal. This sudden surge raises questions about the potential impact on global aluminium supply chains and pricing, with potential implications for industries that rely heavily on the metal. The reasons behind this...
LME aluminium opened at US$2,243.5 per tonne on Wednesday, with high and low at US$2,258.5 per tonne and US$2,230.5 per tonne, respectively, before closing at US$2,235 per tonne, a drop of US$7 per tonne or 0.31 per cent. On Wednesday, January 10, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$4 per tonne or 0.18 per cent to settle at US$2,203 per tonne and US$2,204 per tonne. 3-month bid price and 3-month offer price dipped by US$2 per tonne or 0.08 per cent to clock at US$2,244 per tonne and US$2,245 per tonne. December 25 bid price and December 25 offer price went down by US$3 per tonne or 0.11 per cent to settle at US$2,505 per tonne and US$2,510 per tonne. LME aluminium opening stock came in at 561825 tonnes. Live warrants and Cancelled...
According to the Shanghai Metals Market data, China’s aluminium production in the last month of 2023 (31 days) registered a month-on-month increase of 2.12 per cent and a year-on-year rise of 3.6 per cent to reach 3.562 million tonnes. However, the average daily domestic output dropped by 1,400 tonnes to 114,900 tonnes. The shutdown of electrolytic cells in Yunnan producing no aluminium liquid could be attributed to the daily production fall. But domestic aluminium operating capacity grew slightly month-on-month in December. China’s total production of aluminium from January to December 2023 came in at 41.513 million tonnes, beating the previous year’s record-high output of 40.2 million tonnes. Aluminium ingot production in the entire year was approximately 12.6 million tonnes, down by...
According to a report published by S&P Global, an American publicly traded corporation headquartered in Manhattan, the European aluminium billet market labelled 2023 a year of demand deflation and hesitant purchases. A buyer said the poor demand for aluminium billet was due to a depressed mechanical engineering market, adding that stocking would not increase much for meagre expectations for Q1 2024. Through Q4 2023, aluminium billet sellers saw continued dither among sellers for buying the metal and significant delays in negotiations, resulting in continued premium fall and constant pressure on profit margins, with billet prices coming to the lowest level in the past three years. Premiums in 2023 At the beginning of 2023, the billet premiums were as high as $675 per tonne but later on,...
In a momentous celebration of a 150-year partnership between Rio Tinto and the Indian government, India's Post Office has issued a new 5 rupee stamp titled 'Rio Tinto 150.' This commemorative stamp, part of the 'My Stamp' series, signifies the enduring collaboration between the Anglo-Australian mining giant and India, recognising Rio Tinto's significant contributions to the nation's development. Rio Tinto's role in shaping the Indian aluminium industry has been pivotal, establishing a foundation that has not only fuelled industrial growth but has also left an indelible mark on various sectors. The stamp underscores Rio Tinto's commitment to innovation, sustainability, and continuous improvement in producing essential minerals and metals integral to daily life. Relationship between Rio...
In the vibrant landscape of 2024, PT Indonesia Asahan Aluminium (Persero), also called Inalum, is poised to unfurl the sails of innovation on two grand ventures. With a resounding declaration, CEO Danny Praditya has illuminated the corporate horizon, announcing the Final Investment Decision (FID) to expand an aluminium smelter nestled in the heart of Kuala Tanjung, North Sumatra. Concurrently, the symphony of progress will crescendo with the initiation of the second act in the Smelter Grade Alumina Refinery (SGAR) saga, set against the lush backdrop of Mempawah in West Kalimantan. In the unfolding chapters of progress, the aluminium smelter in Kuala Tanjung is gearing up for an impressive capacity of 600 thousand tonnes. Simultaneously, the Smelter Grade Alumina Refinery (SGAR) in...
LME aluminium opened at US$2,239 per tonne on Tuesday, with its high and low at US$2,257.5 per tonne and US$2,227 per tonne respectively before closing at US$2,242 per tonne, an increase of US$5 per tonne or 0.22 per cent. On January 9, the London Metal Exchange price chart marked a slump in aluminium prices, with the LME aluminium cash bid price stopping at US$2,199 per tonne and the LME aluminium official settlement price closing at US$2,200 per tonne, with a loss of US$6 per tonne or 0.27 per cent and US$5.50 per tonne or 0.25 per cent. The 3-month bid price and the 3-month offer price have both plunged by US$6 per tonne or 0.27 per cent to anchor at US$2,246 per tonne and US$2,247 per tonne, respectively. The 25 December bid price and the 25 December offer price have refrained from...
Aluminium Bahrain BSC (Alba), a notable player in the primary aluminium industry, is auctioning off equipment from its former power plants, PS1 and PS2, in Aska, Bahrain. These power plants are integral to Alba's strategic plan to expand its existing PS5 facility. PS1, largely decommissioned, and PS2, currently in a non-operational black start state, are crucial assets for Alba, serving as emergency reserve capacity for PS3 and PS4 facilities. The auction, hosted on the digital platform of public auction specialist Mazad, starts with a bid of 1,000,000 Bahraini dinars (US$2.67 million). Talal Al Araifi, CEO of Mazad, emphasises the transparency and reliability of their digital platform to ensure a fair auction for potential buyers. The machinery and solutions that are up for sale The...
Embarking on a visionary path, Aluminium Bahrain B.S.C. (Alba) sets its gaze firmly ahead, as articulated by the CEO, Ali Al Baqali, during the inauguration of the Annual Majlis 2024 sessions on January 8, 2024, at the Oasis Hall. Ali Al Baqali, Alba's CEO, emphasised the proactive approach: "We are zooming into a year of transformation with our 2024 Objectives. Our Safety Mirror initiative, coupled with a strategic makeover fueled by Upskilling and Reskilling, and the integration of digital technologies through e-Al Hassalah, positions Alba at the forefront of innovation." Expressing gratitude, Al Baqali acknowledged the resilience and support of Alba's employees throughout 2023. Purpose of Alba's Annual Majlis 2024 Sessions The distinguished gathering included Alba's Executives,...
LME aluminium opened at US$2,274.5 per tonne on Monday, with high and low at US$2,276 per tonne and US$2,234 per tonne, respectively, before closing at US$2,237 per tonne, a drop of US$35 per tonne or 1.54 per cent. On Monday, January 8, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10 per tonne or 0.45 per cent to halt at US$2,205 per tonne and US$2,205.50 per tonne. As per the London Metal Exchange (LME) data, the 3-month bid price and 3-month offer price fell by US$10 per tonne or 0.44 per cent to settle at US$2,252 per tonne and US$2,253 per tonne. December 25 bid price and December 25 offer price went down by US$2 per tonne or 0.07 per cent to close at US$2,508 per tonne and US$2,513 per tonne. LME aluminium opening stock scored at 569100...
In the latest edition of the Catalogue of Industrial Water-saving Technologies by the Ministry of Water Resources and the Ministry of Industry and Information Technology, notable advancements in water-saving technologies within the aluminium industry have been acknowledged. Chinalco Group, a prominent player in the industry, has successfully secured recognition for five of its water-saving technologies. One noteworthy technology is the " New Process for Fluorine Production Wastewater and Initial Rainwater Treatment in the Electrolytic Aluminum Plant ", developed by the Shenyang Institute. This innovative approach tackles the treatment and reuse of fluorine production wastewater and initial rainwater from electrolytic aluminium enterprises. It effectively addresses the challenges posed by...
LME aluminium opened at US$2,279 per tonne last Friday, with its high and low at US$2,294.5 per tonne and US$2,251 per tonne, respectively, before closing at US$2,272 per tonne, a drop of US$13 per tonne or 0.57 per cent. On January 5, the London Metal Exchange price chart registered dampening aluminium prices, with the LME aluminium cash bid price stopping at US$2,215 per tonne and the LME aluminium official settlement price closing at US$2,215.50 per tonne, with a similar plunge of US$20 per tonne or 0.89 per cent. Brief Overview of the London Metal Exchange Market – Trends January 2024 If we consider the highest LME aluminium price recorded last year, which was US$2,636 per tonne on January 18, a massive drop of US$420.50 per tonne or 15.95 per cent can be witnessed. Meanwhile, if the...
On January 7, 2024, Aluminium Bahrain B.S.C. (Alba) held a ceremony to recognise the employees’ efforts behind the successful completion of the planned development programmes in 2023, which could be possible because of the constant skill development and training programmes given to the employees to enhance their workmanship. Alba’s CEO Ali Al Baqali said that more than 660 employees were trained through various skill development initiatives in 2023 to propel their careers forward. He also informed that Alba achieved a company-wide 6.8% of total work hours allocated to capacity-building activities in 2023, much above the industry average of 5%. CEO Ali Al Baqali stated, “Our greatest asset isn’t the machinery nor equipment, but our people. Our people are the beating pulse of this Company,...
The International Energy Agency predicts that global coal consumption will reach an all-time high in 2023 due to increased demand in India and China. Coal remains the primary source of energy-related environmental impact linked to global warming. However, coal usage is expected to decrease by approximately 20% this year in both the European Union and the United States. Aluminium Bahrain (Alba) broke its production record in 2023 by producing 1,620,665 tonnes of aluminium, representing a 1.3% increase from the previous year's output of 1,600,111 tonnes. This achievement marks the fifth consecutive year that Alba has broken its own production record. The company celebrated the milestone with a ceremony attended by its executives, directors, managers, and employees on January 4, 2024. The...
According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes as of January 4. The chart below shows the status of primary aluminium inventories in more details: Aluminium ingot inventories across Chinese provinces The above chart indicates the increase this week is primarily contributed by Gongyi, where in aluminium ingot inventories grew 18,000 tonnes W-o-W to stand at 70,000 tonnes as aluminium consumption was hurt due to production restrictions on local downstream plants. Inventories in Foshan marked an increase of 5,000 tonnes week-on-week, standing...
