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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LME aluminium opened at US$2,272 per tonne yesterday, with its high and low at US$2,279 per tonne and US$2,237.5 per tonne, respectively, before closing at US$2,245.5 per tonne, down US$19.5 per tonne or 0.86 per cent compared to the previous day. On Wednesday, December 20, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$23.5 per tonne or 1.06 per cent to clock at US$2,191.50 per tonne and US$2,192 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price slumped by US$29 per tonne or 1.27 per cent to reside at US$2,243 per tonne and US$2,243.50 per tonne. December 24 bid price and December 24 offer price fell by US$23 per tonne or 0.96 per cent to clock at US$2,360 per tonne and US$2,365 per tonne. LME...
The 2023 smart manufacturing demonstration factory has recently unveiled its list of units and scenes. Yunnan Wenshan Aluminium Green Aluminium Intelligent Manufacturing Demonstration Factory, recommended by Chinalco Group, has made it to the list. The factory is the only intelligent manufacturing demonstration factory in the electrolytic aluminium industry and serves as an important achievement for Yunnan Aluminium Wenshan in building a "smart factory". This development indicates that Yunnan Aluminium Wenshan has made significant progress in green aluminium intelligent manufacturing. According to reports, the "2023 smart manufacturing demonstration pilot factory" selection was launched jointly by several government agencies in July. They have been enlisted below: The Ministry of Finance...
LME aluminium opened at US$2283 per tonne yesterday, with its high and low at US$2283 per tonne and US$2257 per tonne, respectively, before closing at US$2265 per tonne, down 0.74 per cent. The LME aluminium live price chart, on December 19, displayed that there have been slight hikes in aluminium prices. The LME aluminium cash bid price and the LME aluminium official price soared by US$2.50 per tonne or 0.11 per cent to officially close at US$2,215 per tonne and US$2,215.50 per tonne. On December 19, last year, the LME aluminium price was US$2,327 per tonne, which is why a Year-on-Year slump of US$111.50 per tonne or 4.79 per cent can be calculated. The London Metal Exchange graph flashed that the 3-month bid price and the 3-month offer price escalated by US$10.50 per tonne or 0.46 per...
As the world ushers in a new year, AL Circle is set to make waves with its exclusive New Year offer for 2024. This limited-time promotion is designed to empower businesses with valuable industry insights and effective marketing solutions, setting the stage for a stellar year ahead. AL Circle's 2024 offer revolves around providing significant discounts based on the number of products availed: 20% discount on any single product 24% discount on any two products 30% discount on any three products AL Circle's diverse product range: Industry reports: Informed decision-making AL Circle offers comprehensive industry reports covering critical topics within the aluminium sector. These reports serve as a vital resource, enabling businesses to make well-informed decisions based on the latest industry...
Step into the heart of the TMS Annual Meeting & Exhibition, the flagship event hosted by The Minerals, Metals & Materials Society (TMS), where scientists and engineers unite from across the globe. With a legacy spanning over 150 years, TMS continues its commitment to fostering connections among professionals, facilitating research exchange, encouraging collaborative ideation, and nurturing global networks. Prepare to be a part of the upcoming event, TMS 2024 Annual Meeting & Exhibition, and immerse yourself in a tradition that celebrates the synergy of scientific minds and engineering prowess. Come together with professionals from almost 70 nations at the gathering, which is recognised as the central hub for the global minerals, metals, and materials community. Click here to register....
Australia has announced the inclusion of aluminium in the Strategic Materials List to support the global shift towards a net-zero future. The Australian Aluminium Council (AAC) backed this move. With a press release, ABx Group also announced that its subsidiary ALCORE's main production choice, fluorine, has also been added to the list. The Australian Aluminium Council has appreciated the Government's recognition and stated that aluminium will continue to be an essential commodity in achieving a sustainable and low-carbon future. The recent inclusion of aluminium in the Strategic Materials List has brought Australia in line with its global counterparts, such as Canada, the USA, and Europe. These nations have all identified bauxite, the raw material for aluminium, and aluminium itself as...
LME aluminium opened at US$2240.5 per tonne yesterday, with its high and low at US$2286 per tonne and US$2233 per tonne, respectively, before closing at US$2282 per tonne, up 1.83 per cent. On Monday, December 18, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$17 per tonne or 0.77 per cent to clock at US$2,212.50 per tonne and US$2,213 per tonne. As per the London Metal Exchange (LME) data , 3-month bid price and 3-month offer price added US$13 per tonne or 0.57 per cent to settle at US$2,261.50 per tonne and US$2,262 per tonne. On the same day, both December 24 bid price and December 24 offer price added US$10 per tonne or 0.42 per cent to halt at US$2,373 per tonne and US$2,378 per tonne. LME aluminium opening stock came in at 504475 tonnes....
Qingxin Carbon has achieved recognition as a "high-tech enterprise" in the autonomous region and has been registered after passing the assessment on December 5 this year. It's worth noting that high-tech enterprises are widely recognized as the leading benchmark for evaluating a company's technological prowess in China. Their ability to showcase scientific research capabilities and achievements holds immense importance in driving technological innovation, elevating brand reputation, and increasing market and capital value for enterprises. Qingxin Carbon has emphasized independent innovation and focused on core technology development in recent years. The company is committed to promoting the green transformation of the industry. This year, the company submitted R&D projects to the...
Century Aluminum Company, a leading player in the U.S. primary aluminium industry, has recently expressed its appreciation towards the U.S. Treasury Department for issuing interpretive guidance on Section 45X of the Inflation Reduction Act. This new guidance specifically focuses on the implications of the act for the U.S. primary aluminium industry. The announcement was made in Chicago on December 15, 2023, highlighting the company's positive reaction to the latest move by the federal government. This development is considered significant for the U.S. primary aluminium industry and is expected to have a positive impact on the sector. The sentiment of Century's CEO Century Aluminum's CEO, Jesse Gary, expressed the company's gratitude towards the Biden Administration for its unwavering...
On December 15, last week, the LME aluminium live price chart, showed measurable surge in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price increasing by US$59.50 per tonne or 2.78 per cent and US$59 per tonne or2.76 per cent to officially close at US$2,195.50 per tonne and US$2,196 per tonne. It was displayed on the London Metal Exchange graph that the 3-month bid price and the 3-month offer price escalated by US$68.50 per tonne or 3.14 per cent and US$68 tonne or 3.12 per cent, halting at US$2,248.50 per tonne and US$2,249 per tonne, respectively. The December 24 bid price and the December 24 offer price soared by US$65 per tonne or 2.82 per cent, stopping at US$2,363 per tonne and US$2,368 per tonne. LME aluminium opening stock discarded 2,950...
To address concerns about the San Ciprián complex, which includes an alumina refinery and an aluminium smelter, Alcoa Corporation organised a series of talks with key stakeholders. This week, officials from their Spanish operational companies will meet with representatives from national and regional authorities in Spain to address the complex's financial losses. One of the seven finalists in NASA's 2023 Breakthrough, Innovative, and Game-Changing Idea (BIG Idea) Challenge: Lunar Forge was a multidisciplinary team from Missouri S&T, a Rolla-based research institution. The Russian Aluminium Association warned the local sector about the negative consequences of Western sanctions, tariffs, and price decreases. Global aluminium prices dropped to their lowest level since March 2021, while the...
The Shenyang Aluminium and Magnesium Institute (SAMI) has successfully developed a cutting-edge process for treating fluorine-containing production wastewater and rainwater at the electrolytic aluminium plant. This remarkable achievement has led to SAMI's inclusion of their process in the Catalogue of Industrial Water-saving Processes, Technologies, and Equipment. The catalogue is an authoritative resource that promotes the adoption of sophisticated water-saving techniques, technologies, and equipment to improve industrial water efficiency drastically. The process can clean and reuse production wastewater and initial rainwater from businesses that use electrolytic aluminium, carbon, and other materials. It can also clean and reuse wastewater from different companies where suspended matter...
After multiple rounds of research, development and trial production, Qinghai Investment Guoxin Aluminium Company successfully manufactured high-performance, high zinc, and high copper aluminium alloy 7M55 cast rods on December 4th. 7M55 is a recently developed aluminium alloy brand that clients of the Guoxin Aluminium Industry have designated to fulfil specified performance criteria. It has extreme strength, superior toughness, and outstanding corrosion resistance, making it very promising in the market. The alloying degree of this material is very high, reaching 15 per cent, which is 5 per cent more than the alloying degree of the seven series ultra-hard aluminium alloy typically used in regular manufacturing. The high quantities of iron, copper, zinc, and zinc magnesium ratio pose...
According to the China customs data, China’s unwrought aluminium alloy imports in October 2023 were recorded at 108,900 tonnes, up 17.5 per cent M-o-M and 9.2 per cent Y-o-Y. From January to October 2023, total imports stood at 907,800 tonnes, reflecting a 15.9 per cent fall Y-o-Y. China’s export volume of unwrought aluminium alloy was 15,400 tonnes in October 2023, registering a year-on-year decline of 15.6 per cent and M-o-M fall of 45.1 per cent. The increase in China’s unwrought aluminium alloy imports in October was primarily due to the outstanding orders from August and September. Domestic aluminium prices kept increasing in September, reaching above RMB 19,000 per tonne, while overseas quotations remained stable at $2,240-2,270 per tonne, encouraging imports in the said month....
A multidisciplinary team from Missouri S&T, the Rolla-based research institute, was one of the seven finalists in NASA's 2023 Breakthrough, Innovative, and Game-Changing Idea (BIG Idea) Challenge: Lunar Forge. Last month, the study on lunar aluminium production was presented in Cleveland by the S&T team, headed by Jacob Ortega, a Ph.D. student in aerospace engineering and Kummer Innovation and Entrepreneurship Doctoral Fellow from Vallejo, California. The S&T lunar metal project began in autumn 2022 after the team submitted a proposal to NASA for the competition. In the spring of 2023, NASA declared S&T as a finalist and allocated cash to support the team's ongoing research. The experiment conducted by S&T was named "Lunar In-Situ Aluminium Production Through Molten Salt Electrolysis" and...
According to the latest data from the US Geological Survey, the United States' primary aluminium production in September 2023 stood at 60,000 tonnes, marking an extended month-on-month dip of 2,000 tonnes or 3.23 per cent. In August 2023, the United States' primary aluminium output had also seen a fall of 2,000 tonnes month-on-month to 62,000 tonnes. On a year-on-year calculation, the United States' primary aluminium production in September 2023 registered a fall of 1,000 tonnes from 61,000 tonnes. The average daily production in September 2023 was 1,990 tonnes, negligibly down from 2,000 tonnes in August. On an annual basis, the daily average output edged a drop of 1.49 per cent from 2,020 tonnes. USGS data showed that in September 2023, the total aluminium recovered from scrap was...
On December 6th, the Aluminum Branch of the China Nonferrous Metals Industry Association held the "2023 Aluminum Industry Chain Market Operation Analysis Report Conference" in Nanning. Zhu Runzhou, President of China Aluminum Corporation, presented three opinions during his speech. China's aluminium industry chain is currently presented with three significant strategic opportunities: The high demand for green and low-carbon development and high-end material development creates a strong market driving force. The upgrading and iteration of information technology necessitate the speedy construction of a modern aluminium industry system characterized by intelligence, greenness, and integration. The new development pattern with domestic circulation as the primary body and domestic and...
Vedanta Aluminium, a business of Vedanta Limited, has reportedly achieved a breakthrough in aluminium smelting technique that would reduce energy consumption and curb carbon emissions. On National Energy Conservation Day, Vedanta announced that its new energy-efficient technique, an advanced pot lining design, is ready to be deployed at its smelters to reduce energy consumption by up to 250 kWh per tonne of aluminium produced. Vedanta’s new advanced pot lining design provides a dual advantage by boosting the smelters' energy efficiency and enhancing the smelting pots' lifespan. The new pot lining design will be installed across Vedanta’s smelters, including Jharsuguda in Odisha and BALCO in Korba, Chhattisgarh. The smelters house several potlines, which are long buildings within the...
