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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Affin Hwang Investment Bank Bhd expects Press Metal Aluminium Holdings' Q4 2023 earnings to record a double-digit growth. According to Malaysia’s one of the largest brokerages and asset managers, Press Metal might post a 16.5 per cent earnings growth in the fourth quarter of 2023, driven by enhanced realised aluminium prices. Affin Hwang has further shared its projection that Press Metal’s fourth-quarter earnings would range between RM340 million and RM360 million, attributed to the stabilised aluminium prices around US$2,200 per tonne. If the projected earnings is achieved in Q4, then the full-year earnings would be in line with Affin Hwang’s estimation of RM1.3 billion. Affin Hwang estimates that global aluminium prices will remain relatively stable until the second half of 2024, based...
Companhia Brasileira de Alumínio (CBA) informs its shareholders that it will pay, on December 22, 2023, R$0.34580615046 per share, totalling R$206 million, relating to the mandatory dividend, as resolved in the AGM/ E 2023. Dividend payments will be made by deposit into the shareholders' current account, as informed by each of them to BTG Pactual Serviços Financeiros S/A DTVM, the agent responsible for the bookkeeping of shares issued by the Company. Dividends relating to shares held in custody at the B3 Asset Depository Center will be paid to this entity, which will pass them on to shareholders through depositing brokers. The CBA also highlights that, alternatively, in line with the provisions of the Relevant Fact published on November 8, 2023, the values of the dividends to which...
Aluminum Corporation of China Limited (Chalco), one of the world's largest producers and suppliers of aluminium, alumina, high-purity aluminium and aluminium anodes, recently won 8 awards, including 1 Luban Award (National Quality Project). A total of 7 projects undertaken by the China-based aluminium company were honoured with the one National Quality Gold Award and the 6 National Quality Awards. The China Construction Industry Association and the China Construction Enterprise Management Association have recently released the second batch of awards: the China Construction Engineering Luban Award (National Quality Project) and the National Quality Project Award for 2022-2023. The National Quality Engineering Award-winning "China Aluminium Ruimin Automobile Lightweight Aluminium Alloy...
Century Aluminum’s Chief Accounting Officer, Robert F. Hoffman, has reportedly sold 3,000 shares of the company stocks in a transaction, at an average price of $12 for each stock. That brought the total transaction of $36,000.000. Following the transaction, Mr. Hoffman owns 47,553 shares of Century Aluminum’s stock, valued at approximately $570,636. A number of hedge funds and several other institutional investors have also recently modified their holdings. State Street Corp has increased its stake in Century Aluminum by 87.9 per cent, acquiring an additional 4,927,814 shares. The company thus owns 10,536,517 shares worth $77,654,000. Millennium Management LLC has purchased 1,107,112 shares and thus now owns 1,341,811 shares of Century Aluminum worth $9,889,000. Early last week, on...
On Tuesday, December 26, the Shanghai Futures Exchange (SHFE) aluminium price lost US$9 per tonne or 0.33 per cent to close at US$2,689 per tonne. Overnight, the most-traded SHFE 2402 aluminium contract opened at RMB 19155 per tonne, with low and high at RMB 19085 per tonne and RMB 19155 per tonne before closing at RMB 19110 per tonne, down RMB 105 per tonne or 0.55 per cent. LME aluminium price On Monday, December 25, the London Metal Exchange (LME) was closed due to the Christmas holiday. However, on Friday, December 22, LME aluminium opened at US$2246 per tonne last Friday, with its low and high at US$2246 per tonne and US$2332 per tonne, respectively, before closing at US$2324 per tonne, up 3.5 per cent. Both LME aluminium cash bid price and LME aluminium official settlement price...
In November, Bahrain's exports of domestically produced goods amounted to BD299 million ($792.42 million), representing a 15 per cent decrease compared to the BD350 million shipped in November of the previous year. Unwrought aluminium alloy was the top exported product in November 2023, with a value of BD68 million, followed by agglomerated iron ores and concentrates alloy (BD48 million) and aluminium wire (BD19 million). The overall value of re-exports climbed by 15 per cent in November 2023 to BD74 million, up from BD64 million in the same month in 2022. The top ten re-exporting nations accounted for 85 per cent of the total re-exported value. The UAE came in top with BD16.9 million, followed by Saudi Arabia (BD16.8 million) and Luxembourg (BD8 million). Most valuable re-exported...
According to China customs data, the country’s unwrought aluminium alloy imports in November 2023 experienced a month-on-month rise of 2.6 per cent and a year-on-year increase of 5.6 per cent to reach 111,800 tonnes. That brought the total year-to-date imports to 1.0196 million tonnes, which was down by 14 per cent Y-o-Y. China’s unwrought aluminium alloy imports in November marked a consecutive rise for the second month as the imports in October grew 17.5 per cent month-on-month and 9.2 per cent year-on-year, reaching 108,900 tonnes. The top five import sources in November were Malaysia, Thailand, Vietnam, South Korea, and Russia. Malaysia accounted for 41.8 per cent of China’s unwrought aluminium alloy imports, exporting 46,700 tonnes, followed by Thailand’s exports of 12,800 tonnes,...
LME aluminium opened at US$2246 per tonne last Friday, with its low and high at US$2246 per tonne and US$2332 per tonne, respectively, before closing at US$2324 per tonne, up 3.5 per cent. On Friday, December 22, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$55 per tonne or 2.52 per cent and US$54.5 per tonne or 2.5 per cent to settle at US$2,234 per tonne and US$2,234.50 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price hiked by US$47 per tonne or 2.10 per cent to score at US$2,279 per tonne and US$2,280 per tonne. On the same day, December 24 bid price and December 24 offer price gained US$47 per tonne to stop at US$2,395 per tonne and US$2,400 per tonne. LME aluminium opening stock came in...
Multiple cities in the central Chinese province of Henan are grappling with a shortage in winter heating supply following the passage of a cold wave that has swept through a significant area, causing blizzards, and pushing temperatures to nearly record-breaking lows. Extended periods of cold weather have posed challenges for thermal power providers in Jiaozuo, a city in Henan. A malfunction in the heating boilers of a major supplier has resulted in some areas requiring additional heat supply. Aluminium industry suffers JiaoZuo WanFang Aluminium Manufacturing, the supplier, is working urgently to address the malfunction and anticipates a resumption of supply by December 26, as reported by state media on December 24. The report did not specify the quantity of boilers affected by the...
EN+ Group IPJSC, one of the world's leading producers of low-carbon aluminium and renewable energy, with its metals segment represented by Rusal, has disclosed that its Board of Directors has approved the appointment of Mikhail Khardikov as the new Chief Executive Officer of the company. This transition is set to take effect on January 1, 2024, coinciding with the retirement of Vladimir Kiriukhin from the position of CEO on December 31, 2023. On December 2023, Christopher Burnham, the Chairman of the Company, stated, "On behalf of all our employees in the Group, I would like to thank Vladimir Kiriukhin for his contribution to the Company's success and wish him well in retirement. Under his leadership, the Group has truly established itself as the world's leading producer of low-carbon...
Amid continued decreasing inventories, China’s domestic primary aluminium price was found to exceed the RMB 19,000 per tonne level this week after more than a month. Besides this, other prime events occurred this week were the appointment of Matt Reed as Alcoa’s Executive Vice President and Chief Operations Officer, Yunnan Wenshan Aluminium making to the list of 2023 Intelligent Manufacturing Demonstration Factory, and inclusion of aluminium in Australia’s Strategic Materials List. Before we start detailing these events, let us take a glance at this week’s aluminium price movement. According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price grew through the week from December 18 to 22 by RMB 350 per tonne. The price started the week on December 18 at RMB 18,900 per...
China's Vice President Han Zheng met with Dominic Barton, head of mining conglomerate Rio Tinto, in Beijing. Following the meeting, Dominic Barton expressed that he is confident about China's economic development prospects and that it would continue its long-term plan there. Han said that China's economy has consistently recovered since the start of this year. He emphasised that China remains a significant driver of global economic development and expressed complete confidence in meeting the annual economic growth objective. "We welcome Rio Tinto Group to continue to deepen practical cooperation with China, share the new opportunities brought by China's development, and achieve mutual benefit and win-win results," said Han Zheng. Rio Tinto is bullish about China's economic growth...
In September 2023, the US aluminium crude metals and alloys imports stood at 309,000 tonnes, reflecting a month-on-month increase of 9.2 per cent from 283,000 tonnes. But despite the hike, the import volume in September could not match the amount in July 2023. In July, the imports were recorded at 331,000 tonnes, which fell in the succeeding month by 14.5 per cent to 283,000 tonnes. In Q3 2023, the United States aluminium crude metals and alloys imports amounted to 923,000 tonnes, down by 18.1 per cent from 1.127 million tonnes. Evaluating the United States’ aluminium crude metals and alloys imports over the past six months, it is to be noted that the import volume started shrinking month-on-month since June 2023. In June, the import volume stood at 345,000 tonnes – 15.23 per cent less...
Alcoa Corporation, a global leader in the aluminium industry, has announced the appointment of Matt Reed as its Executive Vice President and Chief Operations Officer, effective January 1, 2024. Matt Reed's background and responsibilities Matt Reed, currently the Vice President of Operations for Australia and President of Alcoa of Australia, will be based in Western Australia. With over 25 years of experience in the resource sector, including mining and minerals processing, Reed brings a wealth of knowledge to his new role. As Chief Operations Officer, Reed will lead Alcoa's global operations, overseeing bauxite mines, alumina refineries, and aluminium smelters. His responsibilities will encompass operational excellence, focusing on safety, environmental management, productivity, cost...
In December 2023, Dominic Barton, Chairman of Rio Tinto Group, reportedly visited China and met Duan Xiandong, Chairman of China Aluminum Group, in Kunming to discuss sustainability, plans to deepen strategic cooperation, and healthy development of global mining. Dong Jianxiong, Vice General Manager of China Aluminum Group, and Alf Barrios, Chief Business Officer of Rio Tinto Group, also attended the meeting. All the parties at the meeting mutually agreed that China Aluminum Group and Rio Tinto’s business cooperation entered a new historical stage. So, they think this close association should be continued to keep exchanging cooperation opportunities. Rio Tinto’s Chairman Dominic Barton and his team, accompanied by Duan Xiangdong and Dong Jianxiong, also visited Yunnan Aluminum Co., Ltd.,...
LME aluminium opened at US$2237 per tonne yesterday, with its high and low at US$2248 per tonne and US$2222 per tonne, respectively, before closing at US$2248 per tonne, up 0.11 per cent. On December 21, the LME aluminium live price chart showed descending price trends. The LME aluminium cash bid price and the LME aluminium official price dampened by US$12.50 per tonne or 0.57 per cent and US$12 per tonne or 0.53 per cent to officially close at US$2,179 per tonne and US$2,180 per tonne. The highest recorded hike of the year was on January 18, when the LME aluminium price stood at US$2,636 per tonne. In a matter of eight months, the aluminium price fell by 21.53 per cent to US$2,068.50 per tonne on August 21, the lowest recorded rate of the year. On December 11, the aluminium price marked...
According to the International Aluminium Institute data, primary aluminium production in Africa amounted to 132,000 tonnes during November 2023, bringing the total output to 1.46 million tonnes in eleven months. The production in November fell by 7,000 tonnes or 5.04 per cent month-on-month from 139,000 tonnes but grew by 6,000 tonnes or 4.76 per cent from 126,000 tonnes. The month-on-month decline in November 2023 followed a hike in the previous month by 4.5 per cent from 133,000 tonnes to 139,000 tonnes. The total production from January to November 2023 also marked a drop of 1.35 per cent from 1.48 million tonnes during the corresponding period of the previous year. Africa’s daily average production in November 2023 was 4,400 tonnes, down by 100 tonnes from the previous month and up by...
According to the Shanghai Metals Market data, aluminium billet inventories in China have recorded a plunge of 17,300 tonnes or 21.05 per cent week-on-week across the five major Chinese consumption areas. Thus, the inventories have come in at 64,900 tonnes on December 21 compared to 82,200 tonnes on December 14. The W-o-W decline on December 21 was primarily contributed by Foshan, followed by Huzhou and Wuxi. The chart below indicates the current status of Chinese aluminium billet inventories in more details: In Foshan, aluminium billet inventories shrank by 9,800 tonnes from a week ago to settle at 30,100 tonnes as of December 21. Huzhou is the second-highest contributor to the weekly downfall in China’s aluminium billet inventories, as the province recorded a fall of 4,000 tonnes to...
