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$2,185 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...
Welcome to Day 2 of the 11th International IBAAS Conference & Exhibition (IBAAS-JNARDDC 2023) – Nagpur, India, a much-awaited event to experience the upstream aluminium industry. The event, studded with aluminium industry leaders, experts, and enthusiasts, marks the end of 2023 with great learnings about the latest innovations and advancements in the upstream aluminium sector. From the first day itself, the event has offered some incredibly engaging and enlightening sessions led by industry stalwarts. The opening session of Day 1 was conducted by Dr Anupam Agnihotri, Director of JNARDDC, who elaborated on the topic: Decarbonisation of Indian Aluminium Sector-Way Forward. In his presentation, he highlighted the need for decarbonisation, underpinning that a 40 percent increase in primary...
Mazad, a company responsible for managing the public and electronic auctions in the Kingdom of Bahrain, has signed a cooperative agreement with Aluminium Bahrain (Alba), a major global aluminium smelting company. This agreement aims to initiate a project that involves dismantling and selling two of Alba's power stations using Mazad's digital platform. The auction of Alba's power stations will create a competitive environment for investors, and the company's goal is to reach as many buyers as possible. The agreement calls for the power stations to be decommissioned, as well as the removal of structures and equipment, such as turbines, generators, spare parts, and other fixtures, for the items to be auctioned off through Mazad's digital auction platform, allowing clients to purchase assets...
LME aluminium opened at US$2,204 per tonne on Monday, with its high and low at US$2,213 per tonne and US$2,174 per tonne, respectively, before closing at US$2,184 per tonne, down US$16 per tonne or 0.73 per cent. On December 4, the LME aluminium live price chart registered a slight spike in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price gaining US$1 per tonne or 0.05 per cent to officially close at US$2,148 per tonne and US$2,148.50 per tonne. As we enter the last month of 2023, it should be mentioned the LME aluminium market could not recover from the constant geo-political digression and the highest price was witnessed at the beginning of the year, January 18, when the aluminium price stood at US$2,636 per tonne. The average aluminium price...
According to the International Aluminium Institute survey, primary aluminium production in the Gulf Cooperation Council during October 2023 stood at 518,000 tonnes, reflecting a hike of 18,000 tonnes or 3.6 per cent month-on-month. The output in October recorded a recovery from a month-on-month decline in September from 517,000 tonnes to 500,000 tonnes. That indicated a 3.3 per cent M-o-M fall to the second least output this year after 474,000 tonnes in February. On a year-on-year calculation, primary aluminium production in the Gulf during October 2023 edged a rise of 7,000 tonnes or 1.37 per cent from 511,000 tonnes, learned IAI. In the first ten months of 2023, Gulf countries primary aluminium production totalled 5.09 million tonnes, much ahead of the previous year’s 5.05 million...
Schneider Electric, a worldwide leader in digital transformation in energy management and automation, has recently formed a strategic alliance with National Power Investment Group Digital Technology Co., LTD. (hereafter referred to as "Power Investment Digital Division") to jointly explore the smart aluminium (electrolytic aluminium, alumina) market. According to the agreement, Schneider Electric and Power Investment Data will conduct extensive collaboration in smart factories and smart manufacturing based on their vast accumulation and application experience in new-generation information technology and digital technology. Building upon Schneider Electric's successful digital innovation endeavours in areas such as data collection, real-time databases, centralised control centres, advanced...
Yunnan Aluminium Corporation was recently honoured with the "Outstanding Contribution Enterprise in the Carbon Neutrality Field" award at the 3rd Boao Conference on Carbon Neutrality. Yunnan Aluminium, as the aluminium industry base of China Aluminium Corporation (Chinalco) in Yunnan, demonstrates the responsibility of central enterprises. It actively practises the national "dual carbon" strategy and implements the strategic deployment of the Yunnan Provincial Party Committee and Government to build a "China Green Aluminium Valley". Yunnan Aluminium Group consistently adheres to the concept of green development and strives to create a sustainable "aluminium integration" industry model that is green, low-carbon, clean, and sustainable. It has successfully established a green industrial...
An announcement from the United States Attorney's Office for the Middle District of Pennsylvania states that Creed White, a 65-year-old resident of Freeland, Maryland, has been charged with conspiracy to commit wire fraud and engaging in an unlawful monetary transaction. Mr White owned and operated Aluminum Alloys MFG, LLC, an aluminium smelting and processing business in Yoe, York County, Pennsylvania. As per the United States Attorney Gerard M. Karam, the defendant owned or controlled 18 additional sham corporate entities with no business operations or employees. The information alleges that White collaborated with several of his employees to file over 120 applications for pandemic stimulus funds on behalf of his non-operational businesses, including applications under the Payment...
LME aluminium opened at US$2198 per tonne last Friday, with its high and low at US$2217 per tonne and US$2183 per tonne, respectively, before closing at US$2200 per tonne, an increase of US$6 per tonne or 0.27 per cent. On Friday, December 1, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10 per tonne or 0.46 per cent to clock at US$2,147 per tonne and US$2,147.50 per tonne. 3-month bid price and 3-month offer price fell by US$14 per tonne or 0.63 per cent and US$13 per tonne or 0.59 per cent to halt at US$2,183 per tonne and US$2,185 per tonne. December 24 bid price and December 24 offer price slumped by US$15 per tonne or 0.64 per cent to clock at US$2,300 per tonne and US$2,305 per tonne. LME aluminium opening stock halted at 454375 tonnes....
Norsk Hydro signed an agreement with Sanvira Tech LLC to ensure a consistent supply of carbon anodes from Oman for its Norwegian aluminium smelters. The deal stipulates an initial offtake duration of 8 years and will include a maximum of 25 per cent of the total annual use of about 600,000 tonnes of carbon anodes by Hydro's Norwegian smelters. The anodes will be manufactured at Sanvira's upcoming anode facility in Oman, which is now being built. The plant is expected to be completed in the first quarter of 2025. BALCO, a subsidiary of Indian aluminium company Vedanta, incorporated Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) into their transportation operations, ensuring risk-free inter-plant movements. This AI technology will play a vital role in...
The Shanxi Enterprise Federation and Shanxi Entrepreneur Association hosted the 2023 Shanxi Top 100 Enterprises Summit Forum in Taiyuan on November 21st. Shanxi Aluminium Industry was ranked 54 among the "Top 100 Enterprises in Shanxi Province" and 42 among the "Top 100 Manufacturing Enterprises in Shanxi Province." According to reports, this publication is based on the ranking methods and criteria for the top 100 firms, created by the project team of the Shanxi Enterprise Federation and Shanxi Entrepreneur Association, in compliance with international standards and the China Enterprise Federation. The "Top 100 Enterprises in Shanxi Province" and "Top 100 Manufacturing Enterprises in Shanxi Province" for 2023 have been approved by the expert committee based on the 2022 operating income...
Recently, Sohar Aluminium (SA) took part in the 25th edition of the Arab International Aluminium Conference and Exhibition (ARABAL 2023), which was held in Riyadh. ARABAL is the premier trade event for the aluminium industry in the Middle East, and this year's theme was "Aluminium: The Future, from Mine to Space", showcasing the limitless applications and possibilities for aluminium. The ARABAL 2023 event, hosted by Saudi Arabian Mining Company (Ma'aden), was a truly unique conference that brought together primary aluminium manufacturers in the region and those with a keen interest in the Middle East aluminium industry. It was a platform where industry pioneers shared their insights through thought-provoking presentations, panel discussions, and keynote speeches, exploring the latest...
Cargo operations via the Maranhão public port are back in business! After a ten-year gap, the Porto do Itaqui in São Luís received the first batch of aluminium ingots from Australian mining firm South32 at the end of November. South32, one of the Alumar consortium's multinational mining businesses, will export the metal via it in December, resuming 100 per cent Maranhão production. South32 will ship its first aluminium via the Port of Itaqui to Rotterdam, Netherlands, in December 2023, with an expected volume of 10,000 to 15,000 tonnes. The operation will make use of favoured berths for general freight. The revival of aluminium ingot exports via the port is the consequence of investments made in the state by the Consórcio de Alumnio do Maranho SA (Alumar). The collaboration created around...
According to a recent report, a global aluminium producer has offered Japanese buyers a shipment premium of $95 per tonne over the global benchmark price for the first quarter of 2024 (January 1-March 31). The news came on December 1 after three sources directly involved in quarterly pricing talks reported. Compared with the ongoing quarter, the premium proposed for Q1 2024 is $2 per tonne or 2.06 per cent lower. Currently, Japanese buyers are paying a premium of $97 per tonne for Q4 2023 . Japanese premiums have been reducing constantly over the past few quarters. The premium in Q4 2023 is abysmally down by 24 per cent from the previous quarter’s premium of $127.5 per tonne. The premium agreed upon for Q4 is also lower than in Q2 2023, between $125-130 per tonne. Japan is Asia’s biggest...
LME aluminium opened at US$2218.5 per tonne in the previous trading day, with its low and high at US$2187 per tonne and US$2219 per tonne, respectively, before closing at US$2194 per tonne, down 0.95 per cent. The LME aluminium live price chart , on November 30, marked a falling market price trend, with the LME aluminium cash bid price and the LME aluminium official price discarding US$20.50 per tonne or 0.94 per cent to officially close at US$2,157 per tonne and US$2,157.50 per tonne. During Q3 2023, the highest LME aluminium price was witnessed on October 2, when the price stood at US$2,286 per tonne. Other than that, the overall mark has stayed below or near US$2,200 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price also deflected...
Since the beginning of this year, the aluminium and aluminium alloy industry chain in Tongchuan has always regarded project construction as a strong engine to promote high-quality transformation and development. As a result, the production of electrolytic aluminium in October, the primary commodity, reached 253,600 tonnes, representing a 0.5 per cent rise Y-o-Y. The production of aluminium materials reached 255,000 tonnes, showing a substantial year-on-year growth of 39.9 per cent. The year-on-year increase in large-scale firms' overall industrial output value is 16.1 per cent, making a significant contribution of 178.6 per cent to expanding the aluminium and aluminium alloy industry chain. The city's aluminium and aluminium alloy industrial chain now includes 12 businesses, including the...
LME aluminium opened at US$2224 per tonne in the previous trading day, with its low and high at US$2207.5 per tonne and US$2231.5 per tonne, respectively, before closing at US$2217.5 per tonne, down 0.18 per cent. On Wednesday, November 29, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$13.5 per tonne or 0.62 per cent to halt at US$2,177.50 per tonne and US$2,178 per tonne. As per the London Metal Exchange (LME) data, 3-month bid price and 3-month offer price added US$9.5 per tonne or 0.43 per cent to clock at US$2,217.50 per tonne and US$2,218.50 per tonne. December 24 bid price and December 24 offer price increased by US$8 per tonne or 0.34 per cent to settle at US$2,333 per tonne and US$2,338 per tonne. LME aluminium opening stock came in at...
UN Climate Change High-level Champion for Egypt, Mahmoud Mohieldin, has reportedly advised heavy industries and hard-to-abate sectors to acquire a financing scheme that would pull funds from Western donors to help them shift to cleaner power generation. He said a Just Energy Transition Partnership (JETP) structure would be ideal for sectors like aluminium, steel, cement and fertilisers. Just Energy Transition Partnership is among the most high-profile financing mechanisms designed to draw on money from wealthy economies to aid industries to wean off fossil fuels. This kind of funding scheme will aid exporters in investing in technologies to reduce the carbon footprint of their products, which otherwise will have to face CBAM tariffs introduced by the European Union. The progress of JETP...
