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 trading company Marubeni, the premiums paid by Japanese purchasers for aluminium are expected to stay within the range of $75-$95 per tonne during the first quarter of 2024. However, these premiums are anticipated to progressively increase after that, owing to a tighter supply in Asia and more robust domestic demand. Japan is the largest importer of aluminium in Asia. The premiums it agrees to pay each quarter, in addition to the London Metal Exchange (LME) cash price, establish the standard for the area. The Japanese premiums for this quarter have decreased to $97 per tonne, representing a 24 per cent decline compared to the previous quarter. This decline may be attributed to weak demand both domestically and internationally. "Japan premiums are expected to climb in later...
This week, the London Metal Exchange (LME) experienced a second consecutive decline in the non-ferrous metals market. Similar to LME, the domestic Indian market also showed a downward trend. Trading activities remained moderate throughout the week. The three-month aluminium futures on the LME fell by 3.4 per cent to US$2,134 per tonne, while nickel settled at US$16,806 per tonne (down 1.4 per cent). Copper prices were US$8,448 per tonne, while zinc fell by 4.4 per cent to US$2,399 per tonne. Lead prices also decreased by 4.4 per cent to US$2,025 per tonne. The LME warehouse stock level exhibited mixed trends week over week. SteelMint’s assessment suggests last week, there was a rise in copper inventories by 4.2 per cent W-o-W, increasing by 7,350 tonnes to reach 181,600 tonnes. This led...
LME aluminium opened at US$2121 per tonne yesterday, with its high and low at US$2143 per tonne and US$2116 per tonne, respectively, before closing at US$2124 per tonne, flat from the previous trading day. On Tuesday, December 12, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$8 per tonne or 0.38 per cent to settle at US$2,090 per tonne and US$2,090.50 per tonne. 3-month bid price and 3-month offer price grew by US$9.5 per tonne or 0.44 per cent to clock at US$2,136 per tonne and US$2,136.50 per tonne. December 24 bid price and December 24 offer price also increased by US$8 per tonne or 0.35 per cent to peg at US$2,255 per tonne and US$2,260 per tonne. LME aluminium opening stock came in at 450225 tonnes. Live warrants and Cancelled warrants...
Russia’s Aluminium Association has cautioned the domestic industry of the adverse effects of Western sanctions, tariffs, and price drops. The global aluminium prices have dropped to their lowest level since March 2021, while the US and EU almost banned Russian exports. Furthermore, the Russian aluminium products will likely face the 12th package sanctions by the European Union. According to the association, all this may adversely affect the Russian aluminium industry. The association has warned that the Russian aluminium industry is on the verge of a severe crisis, adding that several enterprises of Rusal are even at risk of closure. On Monday, December 11, the association highlighted that a number of Rusal enterprises are operating on the verge of zero or negative profitability. Any...
Hongcheng Aluminum Industry, the China-based company, recently passed the National Ministry of Industry and Information Technology's Information and Industrialization Integration (referred to as "Integration of Industrialization and Informatization") management system evaluation. They also completed the public announcement on the National Integration of Industrialization and Informatization Management System Working Committee platform, ushering in a new phase of the company's information and industrialisation integration. Hongcheng Aluminium Industry will vigorously promote the integration of the two industries by the Ministry of Industry and Information Technology management system to better serve the company's development strategy, improve the company's modern management and operation...
Alcoa Corporation has scheduled a series of meetings with primary stakeholders to address concerns regarding the San Ciprián complex, which comprises an alumina refinery and an aluminium smelter. This week, representatives of their Spanish operating subsidiaries will be meeting with representatives of the national and regional authorities in Spain to discuss the financial losses incurred by the complex. It is worth noting that the San Ciprián smelter was curtailed in January 2022 in accordance with the agreement reached with the workers' representatives in December 2021. In February 2023, Alcoa agreed to a phased restart of the aluminium smelter starting in January 2024 through an amended Viability Agreement. Meanwhile, the refinery has been operating at 50 per cent of its capacity since...
LME aluminium opened at US$2139 per tonne yesterday, with its high and low at US$2141 per tonne and US$2116 per tonne respectively before closing at US$2124 per tonne, down 0.47 per cent. On December 11, the LME aluminium live price chart experienced a downward flow in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price discarding US$28 per tonne or 1.33 per cent and US$28.50 per tonne or 1.35 per cent to officially close at US$2,082 per tonne and US$2,082.50 per tonne. Due to weak consumption recovery, inventories are beginning to accumulate at some places causing the aluminium price to fall. The market is beginning to anticipate a potential interest rate cut by the Federal Reserve next year. Although favourable policies are expected to be...
Yunnan’s aluminium production shutdowns due to the ongoing dry season have resulted in lower aluminium output in November 2023. According to the Shanghai Metals Market survey, China’s aluminium production in the said month stood at 3.488 million tonnes, down by 4.2 per cent from 3.641 million tonnes in October 2023. The decline in November 2023 aluminium production happened as per the SMM forecast. The Shanghai Metals Market had estimated the aluminium production to decline in November to reach 3.45 million tonnes , marking a M-o-M down of 5.25 per cent. In line with monthly production downfall, the average daily output also decreased in November 2023 to 116,300 tonnes from 117,500 tonnes in October. However, on a year-on-year calculation, China’s aluminium production in November 2023...
Baotou Aluminium Industry's cast aluminium alloy ingots have passed the China Quality Certification Centre's evaluation and certification test. Each kilogram of cast aluminium alloy ingot has a carbon footprint value of 14.87 kilograms of carbon dioxide equivalent, which fulfils national green product emission regulations and has been given the Product Carbon Footprint Certificate. This initiative ensures the expansion of downstream markets and the improvement of firm competitiveness, serving as a significant milestone for Baotou Aluminium Industrial in establishing an environmentally friendly aluminium industrial chain and attaining sustainable, low-carbon, and high-quality growth. This is the second product, manufactured by China's Baotou Aluminium that has successfully obtained...
LME aluminium opened at US$2137 per tonne last Friday, with its high and low at US$2161.5 per tonne and US$2130 per tonne, respectively, before closing at US$2134 per tonne, up 0.14 per cent. On Friday, December 8, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$11.5 per tonne or 0.54 per cent and US$12 per tonne or 0.57 per cent to clock at US$2,110 per tonne and US$2,111 per tonne. As per the reports, this rise may be attributed to many causes, including decreased inventories in warehouses monitored by the Shanghai Futures Exchange, ongoing production limitations caused by China's winter power deficit, and capacity constraints at local smelters. 3-month bid price and 3-month offer price hiked by US$10.5 per tonne or 0.49 per cent to settle at...
The first anniversary of ChatGPT could not have been more exciting! The tech world got a knee-jerk reaction when the board of ChatGPT’s parent company, OpenAI, suddenly dismissed the CEO, Sam Altman, during one of the board meetings. AL Circle has detailed the progress made since then in one of its news articles, available for review: ‘ OpenAI without Sam Altman – The impact on technology and aluminium sector ’. PHOTOGRAPH: JUSTIN SULLIVAN/GETTY IMAGES However, within a few days, things changed dramatically, and Sam Altman was reinstated at the helm as the CEO of OpenAI. The old board of OpenAI had been revamped, and in the new board, Microsoft, the largest shareholder of OpenAI, was given a seat. This chain of events brought stability to OpenAI, and Microsoft’s constructive involvement...
According to the Shanghai Metals Market survey, China's domestic aluminium ingot inventories are decreasing faster than expected. The estimated reason is the production cut in Yunnan, resulting in slower arrivals of stocks to warehouses. As per the data shown on December 7, the inventories halted at 560,000 tonnes, reflecting a decline of 29,000 tonnes from Monday, December 4, and a downfall of 38,000 tonnes from the previous Thursday, November 30. SMM estimates if this downtrend accelerates further, the Chinese primary aluminium inventories will reach as low as around 500,000 tonnes. However, in the rest of this month, inventory depletion may face disruptions because lessened aluminium billet production in northern regions will lead to a potential cast ingot volume increase in some...
The industry group European Aluminium believes the European Union should sanction Russian aluminium metal rather than banning a few products like aluminium wire, foil, tubes, and pipes for a more significant impact. According to the group, a more robust and stringent action is required to restrict Russian aluminium imports. The group explains in a letter sent to European Commission President Ursula von der Leyen that the recently proposed 12th package of sanctions keeps out the primary aluminium, which accounts for the largest volume of Russian aluminium exports to the EU. The sanctions package only includes aluminium wire, foil, tubes, and pipes exports, which are limited to the EU. In the first three quarters of 2023, the European Union imported almost 500,000 tonnes of Russian...
Ma Zhenglan, the secretary of the Party Committee and the chairman of Henan Energy, held a meeting with Shi Zhirong, the secretary of the Party Committee of Chinalco, on November 28. During the meeting, both parties emphasised the importance of enhancing communication and collaboration, working together towards mutual benefits, promoting high-quality development, and achieving practical outcomes from their cooperation. The following people attended the meeting: Yang Heng, who is the Henan Group Company General Manager, Deputy Party Secretary, and Vice Chairman; Song Lusheng, who is the Executive Deputy General Manager; Jiang Tao, who is the Deputy General Manager and Safety Director of Chinalco Shares; Yu Hua, who is the Chairman of Chinalco Materials; Huang Li, who is the Party Secretary...
LME aluminium opened at US$2146 per tonne yesterday, with its high and low at US$2156.5 per tonne and US$2131 per tonne, respectively, before closing at US$2131 per tonne, down 0.47 per cent. On Thursday, December 7, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$18.5 per tonne or 0.87 per cent to US$2,098.50 per tonne and US$2,099 per tonne. As per the London Metal Exchange (LME) live chart data , both 3-month bid price and 3-month offer price slumped by US$17 per tonne or 0.78 per cent to peg at US$2,139 per tonne and US$2,140 per tonne. December 24 bid price and December 24 offer price declined by US$17 per tonne or 0.74 per cent, reaching US$2,258 per tonne and US$2,263 per tonne. LME aluminium opening stock halted at 442500 tonnes. Live...
Vedanta Aluminium, the biggest aluminium producer in India, has been honoured with the prestigious 'Best Exporter Award' by the State Government at the 'Odisha State Export Awards' event. The award recognizes the outstanding performance of Vedanta Aluminium's smelter plant in Jharsuguda, which has been the largest exporter in the state for the fiscal years 2020-21 and 2021-22. The award was presented by Shri Pratap Keshari Deb, Minister of Industry, MSME, and Energy, Odisha. Vedanta Aluminium had previously received the same award for the fiscal years 2018-19 and 2019-20. Mr. Sunil Gupta, COO of Aluminium Business, expressed gratitude for the recognition, highlighting Vedanta's commitment to Odisha's socio-economic progress through significant contributions to GDP, employment, and quality...
LME aluminium opened at US$2165.5 per tonne yesterday, with its high and low at US$2169.5 per tonne and US$2140 per tonne, respectively, before closing at US$2141 per tonne, down 1.13 per cent. The LME aluminium live price chart , on December 6, registered a downward trend, with the LME aluminium cash bid price and the LME aluminium official price losing US$4 per tonne or 0.19 per cent to officially close at US$2,117 per tonne and US$2,117.50 per tonne. If we consider December 2022, the average LME price, according to Westmetall, was US$2,394.88, which fell by US$261.15 per tonne or 10.9 per cent to lock at US$2,133.73 per tonne during December 2023. The average LME aluminium price recorded in January 2022 was US$3,003.08 per tonne, and it has fallen short by US$367.08 per tonne or 12.22...
LME aluminium opened at US$2,185 per tonne yesterday, with its high and low at US$2,186.5 per tonne and US$2,150.5 per tonne, respectively, before closing at US$2,165.5 per tonne, down US$34.5 per tonne or 1.57 per cent. On Tuesday, December 5, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$27 per tonne to halt at US$2,121 per tonne and US$2,121.50 per tonne. As per the London Metal Exchange (LME) data, both the 3-month bid price and the 3-month offer price also slipped by US$25.5 per tonne or 1.16 per cent and US$26 per tonne or 1.18 per cent to settle at US$2,162 per tonne and US$2,162.50 per tonne. December 24 bid price and December 24 offer price dipped by US$23 per tonne or 0.99 per cent to clock at US$2,282 per tonne and US$2,287 per...
