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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This week, there has been news about the current state of the aluminium industry in China, with some regions facing supply constraints while others are trying to lower prices. The operational rate of the sector declined last week compared to the previous week. The World Trade Organization (WTO) dispute panel has ordered Turkey to rescind additional duties imposed on imports from the United States, which has implications for the global aluminium trade dynamics. EN+ Group IPJSC, a leading producer of low-carbon aluminium and renewable energy, has appointed Mikhail Khardikov as the new CEO, effective January 1, 2024, coinciding with the retirement of the current CEO Vladimir Kiriukhin on December 31, 2023. If we look at the LME aluminium price pre-Christmas Holidays, we can measure a...
Abdulaziz Sarhan, the Technical Manager of Emirates Global Aluminum (EGA) and Al Jufri, Vice President of the Business Development Department at Indonesia Asahan Aluminium (Inalum), recently led a delegation of technical experts to visit the Qujing production base in Yunnan, China, for a collaborative exchange of technical insights. Liu Rui, the Vice President of Sotong Development, and Wang Dong, the General Manager of Sotong Cloud Aluminium, were present throughout the debate. During the symposium, Abdulaziz Sarhan and Al Jufri voiced their approval and admiration for the advanced pre-baked anode manufacturing technology and process level produced by Sutong. Simultaneously, they conducted thorough deliberations on establishing pre-baked anode facilities, digitalized management, and...
Malaysia is a major aluminium importer from the United States. In 2022, the country accounted for 17 per cent of the United States aluminium crude metals and alloys exports and 20 per cent of the United States aluminium scrap exports. Till September 2023, Malaysia accounted for 41 per cent of the United States aluminium crude metals and alloys exports and 17 per cent of the latter’s aluminium scrap exports. The data indicates that Malaysia’s aluminium crude metals and alloys imports from the United States have grown magnificently this year. Malaysia’s aluminium crude metals and alloys imports Rightly so, Malaysia’s crude metals and alloys imports from the US in September 2023 recorded a skyrocketing high on an annual basis by over 200 per cent from 6,180 tonnes to 18,800 tonnes. On a...
In a revolutionary decision by the World Trade Organization (WTO) dispute panel, Turkey finds itself compelled to rescind additional duties imposed on imports from the United States. This move has reverberations within the intricate web of global aluminium trade dynamics. The panel's verdict stems from its determination that Turkey's retaliatory measures against U.S. steel and aluminium tariffs are at odds with WTO policies, marking a pivotal moment in the ongoing tapestry of international trade tensions. What were the actual conditions under the WTO’s panel ruling? The WTO panel's explicit recommendation on Tuesday mandates that Turkey align its measures with WTO obligations, explicitly addressing the additional duties it had imposed. These levies were a direct response to the United...
On Thursday, December 28, China's social inventories of aluminium ingot hit a new low for the year, standing at 434,000 tonnes. Compared to Monday, December 25, the inventories registered a fall of 9,000 tonnes, while from the previous week, December 21, the inventories stood 12,000 tonnes lower. The chart below indicates the current status of primary aluminium inventories across China. The Shanghai Metals Market showed that on an annual basis, the inventories encountered a fall of 59,000 tonnes. The decline happened due to the lower arrivals of stocks in the South and East China markets but was slightly offset by restricted purchases at the beginning of the week. Inventories across provinces In Wuxi, primary aluminium inventories plunged by 13,000 tonnes week-on-week to stand at 117,000...
LME aluminium opened at US$2,393.5 per tonne yesterday, with its high and low at US$2,394.5 per tonne and US$2,353.5 per tonne, respectively, before closing at US$2,367 per tonne, a decrease of US$28 per tonne or 1.17 per cent. The LME aluminium live price chart , on December 28, witnessed an uptrend in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price escalating by US$20 per tonne or 0.87 per cent to officially close at US$2,313 per tonne and US$2,313.50 per tonne. On a year-on-year scale, there has been a downfall of US$29.50 per tonne or 1.26 per cent from US$2,343 per tonne recorded on December 28, last year. On September 28, the LME aluminium price was US$2,232 per tonne, which soared by US$81.50 per tonne or 3.65 per cent to reach what it...
On Friday, December 29, the average alumina spot price in China heightened by RMB 47 per tonne to settle at RMB 3,119 per tonne. The alumina prices have been rising recently due to Guinea's fuel depot blast. As per the Shanghai Metals Market (SMM) data, the prices have grown significantly in all the provinces. To begin with, the prices in Shanxi and Henan have surged by RMB 55 per tonne and RMB 50 per tonne to settle at RMB 3,165 per tonne and RMB 3,130 per tonne. In Guizhou, the average alumina spot price has expanded by RMB 45 per tonne to peg at RMB 3,110 per tonne, followed by a rise of RMB 35 per tonne in Guizhou and Shandong to halt at RMB 3,090 per tonne and RMB 3,050 per tonne. On the same day, the A00 aluminium ingot price showed no change to clock at RMB 19,570 per tonne, with...
The Department of Ecology and Environment of Guizhou Province released the Implementation Plan for the Collaborative Efficiency of Pollution Reduction and Carbon Reduction in Guizhou Province on December 18. The plan aims to facilitate innovation in high-efficiency and energy-saving aluminium electrolysis technology in key enterprises. It seeks to promote energy-saving technologies such as new cathode structure aluminium electricity technology, waste heat recovery, and advanced aluminium processing technology. The plan also emphasises the importance of technological transformation, improving technical equipment, and effectively reducing energy consumption per unit product. Engage in the active development of high-purity aluminium materials to enhance the value of goods and decrease the...
Japanese aluminium buyers have reportedly agreed to pay global producers a shipment premium of $90 per tonne over the LME benchmark price for the March quarter of 2024. The news came on December 28 after three sources directly involved in the pricing talks revealed. Compared to the current quarter till December 31, 2023, the premium agreed upon for Q1 2024 is 7 per cent lower. The premium is even less than a global aluminium producer's initial offering of $95 per tonne . Japan is Asia's major importer of aluminium; thus, the premium it pays for shipment each quarter sets a benchmark for the region. The Q1 2024 pricing negotiations between Japanese buyers and global suppliers, including Rio Tinto and South32, started late last month. While one producer lowered its offer to $92 per tonne,...
In the aluminium industry, a CEO's role is crucial for a company's success. The CEO, widely known as the Chief Executive Officer, serves as the leader responsible for making vital decisions that impact the company's growth and profitability. In the aluminium sector, where technological advancements and market dynamics play a significant role, a CEO or Managing Director must possess a deep understanding of the industry trends. The CEO's responsibilities include strategic planning, setting organisational goals, and ensuring efficient operations. They play an important role in fostering innovation and driving research and development initiatives, especially given the dynamic nature of the aluminium industry. Additionally, a CEO is instrumental in establishing strong partnerships with key...
The European Green Aluminium Summit 2023, organised by Shanghai ECV International Co., Ltd., which took place on October 18-19 in Frankfurt, Germany, was enough to set the tone for the month of November. The summit addressed the urgent concern of reducing carbon emissions in the aluminium industry, which accounts for around 2 per cent of global anthropogenic outrush. The conference explored sustainable practices, green trends, and carbon reduction strategies throughout the entire aluminium life cycle, from production to recycling. Notable speakers from the industry, including organisations like Boston Consulting Group, ALCOA, Hydro, RIO TINTO, and Emirates Global Aluminium (EGA), shared their expertise and experiences. The European aluminium sector is the flagbearer of the global...
The London Metal Exchange (LME) aluminium prices significantly surged on Wednesday, December 27, as trade resumed after the Christmas break. Three-month aluminium on the London Metal Exchange (LME) climbed 0.8 per cent to $2,345 per tonne in official open-outcry trading after reaching its highest since May 2 at US$2,382 per tonne. Reason for the price hike The increase in aluminium prices was attributed to purchases made by Commodity Trade Advisor (CTA) investment funds, which are influenced mainly by computer algorithms, according to a trader. Base metals prices hiked in London on Wednesday, boosted by increases in industrial profit in top metals user China. At the same time, aluminium hit an eight-month high due to technical buying and supply worries. LME aluminium price As per the LME...
Chalco, the aluminium corporation of China, recently announced the establishment of a joint venture between Chalco Zhengzhou Nonferrous Metals Research Institute Co., Ltd. and Zhengzhou Light Metals Research Institute Co., LTD. As per the announcement, the joint venture company, named Chalco Testing Technology (Zhengzhou) Limited Company (provisional name), will receive a total investment of RMB 25 million. The investment will come from Chalco Zhengzhou Nonferrous Metals Research Institute Co., LTD. (Zhengzhou Research Institute), which is Chalco's wholly-owned subsidiary, and Zhengzhou Light Metals Research Institute Co., LTD. (Zhengzhou Light Research Institute), a subsidiary of Chalco Group, the controlling shareholder of Chalco. Zhengzhou Research Institute will contribute RMB 20...
In November 2023, primary aluminium production in the Gulf Cooperation Council recorded a month-on-month downfall of 12,000 tonnes or 2.37 per cent to stand at 506,000 tonnes, found the International Aluminium Institute. In October 2023, the output was recorded at 518,000 tonnes, up by 2.98 per cent from 503,000 tonnes in September. However, on a year-on-year calculation, primary aluminium production in the Gulf Cooperation Council during November 2023 saw a rise of 6,000 tonnes or 1.2 per cent from 500,000 tonnes. GCC ’s daily average primary aluminium production in November 2023 was 16,900 tonnes – 200 tonnes more than in November 2022. From January to November, GCC’s primary aluminium production totalled 5.603 million tonnes, which also indicated a year-on-year increase of 0.90 per...
Chinalco Carbon Enterprises recently organised a training course on the production technology of prebaked anodes to enhance the theoretical knowledge and technical skills of their technicians. The initiative aimed to boost the technical progress of carbon production and improve the quality of anodes manufactured by Chinalco. The training session, held on December 11th at Zhengzhou Research Institute, was facilitated by two experts from R&D Carbon Limited - Dr. Marcus Meier and Peter Sulger. The General Manager of Zhengzhou Research Institute, Chen Kaibin, expressed his view that the institute is not only a technology research and development base of Chinalco but also a training centre for technicians. The training provided by the institute is vital support for the overall improvement of...
On December 27, today, the SHFE aluminium price has grown by 0.33 per cent or US$9 per tonne to park at US$2,698 per tonne. Considering the SHFE price on December 27, last year, we may find a Year-on-Year influx of US$19 per tonne or 0.7 per cent from US$2,717 recorded that day. This year, the highest SHFE price was recorded on February 2, when it stood at US$2,847 per tonne, and the lowest was marked on July 7 at US$2,511 per tonne. If we compare with the price point today, there has been a 5.23 per cent or US$149 per tonne slump from the highest displayed price and a 7.45 per cent or US$187 per tonne spike from the lowest defined price in 2023. In the futures market, the most-traded SHFE 2402 aluminium contract opened at RMB 19235 per tonne overnight, with its low and high at RMB 19200...
Henan Beijia Aluminum conducted the stage-1 ground-breaking ceremony of its much-awaited electrolytic aluminium plant project of the Indonesia North Plus Project, handled by China 6 MCC Guizhou Branch. The project is in the Tanakuning Industrial Park, inside Indonesia's North Kalimantan Special Economic Zone. It has a total construction area of about 362,500 square metres. Once completed, it can manufacture 1 million tonnes of electrolytic aluminium and the necessary supporting anodes. Zhang Yue, the project manager of the Indonesia North Plus Project Department at the 6 MCC Guizhou Branch, delivered a speech on behalf of the construction unit during the commencement ceremony. He expressed the department's commitment to maintaining high morale and enthusiasm and carrying out all tasks per...
Just before Christmas Eve, LG Chem Ltd announced the upcoming construction of a US$1.4bn battery cathode plant in Clarksville, located in the US state of Tennessee. The South Korean company flaunts previous constructions in the area and has vouched to play a mighty role in the area's battery-electric vehicle (BEV) revolution. This new facility is currently in the works with a calculated annual production capacity of 60,000 tonnes of nickel, cobalt, manganese, aluminium (NCMA) battery cathodes per year. This will be sufficient to support the production of 600,000 high-performance BEVs. According to the company behind the project, this will be the largest cathode materials plant in the country upon its completion in 2026. What will the new plant do? This new plant is set to procure minerals...
