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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According to Romania's statistical office, INS, in November 2023, the southeastern European country witnessed a 2.55 per cent y-o-y decline in industrial producer prices, primarily attributed to a decrease in the mining and quarrying sector. Despite this annual dip, there was a slight monthly increase of 0.2 per cent, as indicated by provisional figures. Industrial PPI Taking a closer look at the numbers, on the domestic market, industrial producer prices experienced a 3.31 per cent y-o-y decrease in November 2023. On the external market, prices also edged down, showing an annual decline of 0.64 per cent. The 7.96 per cent y-o-y drop in energy prices is noteworthy, while intermediate goods saw a 4.93 per cent decline. Capital goods, on the other hand, exhibited a 5.49 per cent annual...
The North American aluminum market experienced a significant shift in dynamics throughout Q3 2023, marked by a notable contraction in demand and a subsequent impact on trade dynamics. According to the preliminary estimates drawn by the Aluminum Association in its monthly Aluminum Situation report, aluminium demand in North America shrank by 4.4 per cent to about 20,908 million pounds from Q1 to Q3 2023 versus 19,993 million pounds during the corresponding period of the previous year. Probing into cause The chart above shows aluminium demand trend in North America since 2014, indicating that after 2020 the demand grew subsequently in the past two years but again in 2023 it witnessed a fall. Semi-fabricated or mill product demand was 9.5 per cent down year-on-year through Q3 2023. But the...
LME aluminium opened at US$2,304 per tonne yesterday, with high and low at US$2,316.5 per tonne and US$2,269 per tonne, respectively, before closing at US$2,285 per tonne, a decrease of US$21 per tonne or 0.91 per cent. On Thursday, January 4, aluminium prices experienced a decline as worries regarding raw material supply alleviated, and investor confidence in the likelihood of imminent interest rate cuts diminished. As per the data, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$20 per tonne or 0.88 per cent to settle at US$2,235 per tonne and US$2,235.50 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price slumped by US$15 per tonne or 0.65 per cent to clock at US$2,286 per tonne and US$2,287 per...
Aluminium Bahrain B.S.C. (Alba), one of the largest smelters in the world, has set a new record by producing 1,620,665 tonnes of aluminium in 2023. The output has registered an annual increase of 20,554 tonnes or 1.3 per cent from 1,600,111 tonnes. Alba's record production in 2022 It was in 2022 when the Middle Eastern aluminium company reached the production level of 1.6 million tonnes, reflecting a 2.5 per cent Y-o-Y increase from 1,561,222 tonnes. With each passing year, Alba is successfully breaking the record of the earlier year and setting a new one. Among several achievements this year, it is a special one that Alba has celebrated with a ceremony on January 4, 2024, at Oasis, attended by the company’s executive management, directors, managers, and employees from various departments...
The beginning of 2024 is witnessing growth in China’s aluminium billet inventories, reaching 82,000 tonnes. Until January 4, 2024, China’s social inventories of aluminium billets have encountered two back-to back hikes. The first increase this year was on January 2 by about 13,300 tonnes to 77,400 tonnes, followed by a rise of 4,600 tonnes on January 4 to 82,000 tonnes. The chart below indicates the status of aluminium billet inventories across major provinces on December 29, January 2 and January 4. As the above chart shows China’s aluminium billet inventories on January 4 recorded a week-on-week rise of 17,900 tonnes, primarily driven by the hike in Huzhou and Foshan. As per the data shown, aluminium billet inventories in Huzhou have surged by 9,000 tonnes W-o-W to stand at 23,000...
LME aluminium opened at US$2,326 per tonne yesterday, with its high and low at US$2,337.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,306 per tonne, a decrease of US$19.5 per tonne or 0.84 per cent. On January 3, the London Metal Exchange registered falling aluminium prices today, with the LME aluminium cash bid price stopping at US$2,255 per tonne and the LME aluminium official settlement price closing at US$2,255.50 per tonne, with a uniform loss of US$81 per tonne or 3.47 per cent. The 3-month bid price and the 3-month offer price have both decreased by US$77 per tonne or 3.24 per cent to anchor at US$2,301 per tonne and US$2,302 per tonne, respectively. The 24 December bid price and the 24 December offer price have dipped by US$71 per tonne or 2.73 per cent...
The Shanghai Metals Market data has estimated that China's domestic aluminium production in December 2023 would be around 3.56 million tonnes, reflecting a year-on-year rise of 3.5 per cent and a month-on-month increase of 2.06 per cent. For the entire year, the estimation is 41.5 million tonnes of production, seeing a Y-o-Y rise of 3.6 per cent. In December 2022, China's aluminium production was 3.44 million tonnes, bringing the year's total output to 40.08 million tonnes. China's aggregated aluminium output in 2022 demonstrated an annual rise of 4.1 per cent, meaning the estimated production growth rate would be slightly slower than in 2022. It is to be noted here that China's domestic operating aluminium capacity at the end of 2023 was about 42 million tonnes, up by 3.88 per cent from...
In the December quarter, India's leading primary aluminium producer, Vedanta Aluminium, saw a 6 per cent rise in production, reaching 599,000 tonnes compared to 566,000 tonnes during the corresponding period last year. The Lanjigarh alumina refinery of Vedanta Aluminium saw a 6 per cent increase in alumina production year-on-year, reaching 470,000 tonnes. In 2024, a notable upswing is anticipated in worldwide primary aluminium production, with industry leaders projecting a more favourable performance in the latter half of the year compared to the initial months. The transportation sector is poised to be pivotal as the key demand driver for aluminium for the year. Find out what the aluminium industry will look like in 2024 and its forecast dynamics by pre-ordering AL Circle's...
In the lead-up to Christmas, El-Watch, a technology company based in central Norway with offices in Rindal and Trondheim, solidified a new collaboration by welcoming Mesurex, a reputable Spanish company specialising in measurement and control solutions since 1996, into our growing network of partners. Antonio Soler, the CEO of Mesurex, said, "The 'plug & play' philosophy of El-Watch captivated us from the very first moment, and we are sure that the ease and speed of installation of the sensors and data transmission will win the hearts of a large number of customers in the Spanish industry at first sight." Innovation Norway acted as a matchmaker, orchestrating the connection between the two companies. It soon became apparent that Mesurex was highly impressed with El-Watch's Neuron...
Primary aluminium production in Russia & Eastern Europe during January-November 2023 amounted to 3.671 million tonnes, down by 1.79 per cent from 3.738 million tonnes a year earlier. The geo-political conflict between Ukraine and Russia and energy crisis took a toll on production in 2023, resulting in annual decline. Production in Russian & Eastern Europe In November 2023, primary aluminium output in Russia & Eastern Europe saw a plunge of 12,000 tonnes or 3.49 per cent to 332,000 tonnes. In October, the production was 344,000 tonnes, up by 5.2 per cent from 327,000 tonnes. Primary aluminium production in Russia & Eastern Europe fluctuated throughout the year. It started the year at 344,000 tonnes but slipped by 3.49 per cent until November. The daily average production in November was...
LME aluminium opened at US$2,388.5 per tonne yesterday, with its high and low at US$2,398 per tonne and US$2,316.5 per tonne, respectively, before closing at US$2,325.5 per tonne, a decrease of US$62 per tonne or 2.6 per cent. On Tuesday, January 2, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$1.5 per tonne or 0.06 per cent and US$1 per tonne or 0.04 per cent to clock at US$2,336 per tonne and US$2,336.50 per tonne. LME aluminium 3-month bid price and LME aluminium 3-month offer price fell by US$3 per tonne or 0.12 per cent to clock at US$2,378 per tonne and US$2,379 per tonne. December 25 bid price and December 25 offer price, on the other hand, surged by US$108 per tonne or 4.32 per cent to peg at US$2,603 per tonne and US$2,608 per tonne....
Today, on January 2, the SHFE price chart has shown deflecting aluminium price trends, with the official SHFE aluminium price halting at US$2,746 per tonne with a loss of US$10 per tonne or 0.36 per cent from US$2,756 per tonne, recorded on December 29. It is safe to say that 2024 has started with a slow tempo, and it is quite natural, given the present geopolitical circumstances. On November 2, last year, the SHFE aluminium price was US$2,635 per tonne, which rose by US$111 per tonne or 4.21 per cent in two months to close at what it is today. The SHFE market was closed at last Friday’s night session. SHFE 2307 aluminium added RMB 595 per tonne or 3.38 per cent to RMB 18,185 per tonne. The open interest fell by 11,785 lots to 256,640 lots. Market analysis The United States Federal...
Yunnan Qiya Metal Co., Ltd., a Sichuan Qiya Aluminium Industry Group subsidiary, recently received environmental and quality system certification from the China Classification Society. With the issue of these two certifications, Yunnan Qiya goods now enjoy a "green pass" in international trading. At the same time, it signifies that Yunnan Qiya has made a significant step towards standardised and improved quality and environmental management objectives, which is critical for boosting the Company's high-quality growth. The firm will then use this chance to execute quality and environmental system requirements rigorously, further optimise the production environment, improve product quality, and empower the Company to increase brand impact and market competitiveness. Sichuan Qiya Aluminium...
Hebei Yunai New Material Technology Co., Ltd. specializes in graphite production, research, development, and sales. With eight advanced production lines boasting an annual capacity of 200,000 tons and well-equipped testing rooms for product content evaluation, the company is committed to stringent quality standards, holding SGS certification and securing utility model patents from the State Intellectual Property Office. AL Biz is thrilled to introduce the addition of Hebei Yunai New Material Technology to its online platform. This latest inclusion enhances our platform's offerings, featuring a diverse array of over 1800+ verified aluminium sellers worldwide. To learn more about the products offered by Hebei Yunai, click here . The core range of graphite products offered by the company...
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a decline of 2,700 tonnes, marking a new low as aluminium billet supply decreased at the year-end. To know the status of aluminium billet inventories on December 28, refer to the chart below: Last week, the downfall in China’s aluminium billet inventories was primarily driven by the fall in Wuxi. According to SMM data, the inventories in Wuxi decreased 3,200 tonnes to 8,500 tonnes on December 28 from 11,700 tonnes a week ago. Compared to 9,800 tonnes on December 25, the inventories fell by 1,300...
On Friday, December 29, both LME aluminium cash bid price and LME aluminium official settlement price gained US$21.5 per tonne or 0.92 per cent and US$22 per tonne or 0.95 per cent to settle at US$2,334.50 per tonne and US$2,335.50 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price hiked by US$15 per tonne or 0.63 per cent to reside at US$2,381 per tonne and US$2,382 per tonne. December 24 bid price and December 24 offer price expanded by US$15 per tonne or 0.60 per cent to peg at US$2,495 per tonne and US$2,500 per tonne. LME aluminium opening stock came in at 549050 tonnes. Live warrants and Cancelled warrants halted at 356125 tonnes and 192925 tonnes. LME aluminium 3-month Asian Reference Price dipped by US$2.17 per tonne to reach...
The International Energy Agency (IEA) predicts that global coal consumption will reach an all-time high in 2023 due to sustained demand in emerging and developing economies. Increase in demand The International Energy Agency (IEA) reported a projected 1.4 per cent increase in coal demand for 2023, reaching a historic milestone of over 8.5 billion tonnes. This surge is attributed to an anticipated 8 per cent growth in usage in India and a 5 per cent increase in China. The rise is driven by heightened electricity demand and decreased hydropower output. Notably, coal, a major contributor to CO 2 emissions and other greenhouse gases, remains the primary source of energy-related environmental impact linked to global warming. China is responsible for half of the world's coal consumption, and...
As we approach the final hours of the year 2023, let us reflect on the key highlights from the aluminium industry this December. At the start of the year, aluminium prices were positioned towards the higher end, but as foreseen in the preceding year, a continual decline ensued. Despite earlier predictions suggesting an improvement in demand and pricing during the second half of 2023, such expectations did not materialise. However, in the closing days of 2023, there has been a noticeable uptick in prices, signalling a positive trend in the industry. Despite facing challenges throughout the year, the aluminium industry experienced significant events, and December 2023 was also quite an eventful month. In brief, here are the highlights: Aluminium Stewardship Initiative (ASI) announced that...
