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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A subsidiary of the Indian aluminium giant Vedanta, BALCO has integrated Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) throughout their transportation chain, making inter-plant operations risk-free. This modernistic AI technology will be fundamental in augmenting road safety measures, considering the pressure of a dynamic driving zone within the unit. Ensuring road safety is a top priority for BALCO due to the variety of vehicles that are used, ranging from 2-wheelers to heavy-duty technological vehicles that transport raw materials such as molten aluminium. The constant movement of vehicles on the roads requires a steadfast commitment to road safety. This integration of digital technology is a crucial milestone in strengthening road safety measures and...
On Tuesday, November 28, Press Metal Aluminium Holdings published its third quarter fiscal report, showing a lag from the consensus forecasts. Nonetheless, market analysts have maintained their recommendations on the company, with expectations that aluminium prices will remain subdued. Press Metal posted a 3 per cent drop in net profit for Q3 2023 to MYR 306 million versus MYR 315.8 million a year ago. The nine-month consolidated net profit amounted to MYR 894 million, missing the research house’s full-year expectations and the consensus estimate. The decline in net profit could be attributed to the sluggish global aluminium prices on the London Metal Exchange that were 6 per cent down Y-o-Y at US$2,203 per tonne in 3QCY2023. “The core bottom line slipped 3% year-on-year (y-o–y) and 21%...
LME aluminium opened at US$2213 per tonne in the previous trading day, with its low and high at US$2199.5 per tonne and US$2225.5 per tonne, respectively, before closing at US$2218.5 per tonne, up US$6 per tonne or 0.27 per cent. On November 28, the LME aluminium live price chart registered a linear market trend, with the LME aluminium cash bid price and the LME aluminium official price shedding US$12 per tonne or 0.55 per cent and US$12.50 per tonne or 0.57 per cent to officially close at US$2,164 per tonne and US$2,164.50 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price plunged by US$13 per tonne or 0.58 per cent and US$12.50 per tonne or 0.56 per cent to anchor at US$2,208 per tonne and US$2,209 per tonne, respectively. The...
The 11th edition of IBAAS-JNARDDC 2023, hosted by the International Bauxite, Alumina & Aluminium Society (IBAAS) and Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), is just 7 days away. Taking place from December 4 to 6 in Nagpur, India, this conference focuses on the "Latest Technological Developments in Alumina and Aluminium Production." Conference highlights: Post-conference visit: To the HINDALCO Mouda Plant Abstract submissions: Exceeding 60 in number Company engagement: Involving over 80 prominent firms Expected delegates: Anticipating a turnout of over 200 participants The aluminium industry has witnessed remarkable growth in countries like China, India, Guinea, and Brazil, with Vietnam, Saudi Arabia, and Indonesia gearing up for substantial investments...
Norsk Hydro, one of the largest aluminium companies worldwide, has signed a significant agreement with Sanvira Tech LLC to ensure a consistent supply of carbon anodes from Oman for its Norwegian aluminium smelters. The deal stipulates initial offtake duration of 8 years, which may be extended if desired. It 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. Following its completion, the plant will undergo certification and performance testing for Hydro starting in the second quarter of 2025. Hydro sees this partnership as an intelligent...
LME aluminium opened at US$2221.5 per tonne in the previous trading day, with its low and high at US$2209 per tonne and US$2235 per tonne, respectively, before closing at US$2211.5 per tonne, down 0.65 per cent. On Monday, November 27, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$2.5 per tonne or 0.11 per cent and US$2 per tonne or 0.09 per cent to clock at US$2,176 per tonne and US$2,177 per tonne. As per the London Metal Exchange (LME) data , both the 3-month bid price and the 3-month offer price grew by US$5 per tonne or 0.22 per cent and US$4.5 per tonne or 0.20 per cent to halt at US$2,221 per tonne and US$2,221.50 per tonne. December 24 bid price and December 24 offer price added US$3 per tonne or 0.12 per cent to peg at US$2,340 per...
Qinghai Qiaotou Aluminium & Electricity recently bagged a special fund subsidy from the Qinghai Provincial Department of Industry and Information Technology. The China-based manufacturer of aluminium ingots and other products was awarded RMB 2.23 million for its 40 sets of 240KA series electrolytic cell energy saving and blocking technology transformation project. Qinghai Qiaotou also received RMB 450,000 for its 2022 national green Factory project. The primary energy conservation project, the major green manufacturing project, and the comprehensive demonstration project are the financial support directions of the unique energy-saving sector of Qinghai Province's industrial transformation and upgrading. The "40 240KA series electrolytic cell energy saving and blocking technology...
Arab International Aluminium Conference (Arabal) held recently in Riyadh presented many crucial information, including the global aluminium demand set to rise by 20 to 30 per cent over the next seven years. Engineer Khalid bin Saleh Al Mudaifer, the Vice Minister of Industry and Mineral Resources for Mining Affairs of the Kingdom of Saudi Arabia, communicated at Arabal that Saudi Arabia, home to some of the largest aluminium production facilities, would efficiently tap this demand growth and take its aluminium industry a new high. This aligns with Saudi’s Vision 2030 to establish itself as a key global hub for metal production. The Kingdon possesses all the necessary assets required to achieve this aspiration, such as low energy prices and strategically advantageous geographical location,...
LME aluminium opened at US$2228 per tonne last Friday, with its low and high at US$2213.5 per tonne and US$2228 per tonne respectively before closing at US$2225 per tonne, up US$3 per tonne or 0.14 per cent. The LME aluminium live price chart , on November 24, witnessed an overall slump in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price de-escalating by US$3.50 per tonne or 0.16 per cent and US$4 per tonne or 0.18 per cent to officially close at US$2,178.50 per tonne and US$2,179 per tonne. If the aluminium price on October 24, this year, is taken into account, we can find a Month-on-Month increase of US$32.50 per tonne or 1.51 per cent from US$2,146.50 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China with a production of more than 1.548 million tonnes per annum, has reportedly achieved a 4-star audit rating for health and safety practices at its smelter. Alba has emerged as the first smelter in the Gulf countries to have attained this stupendous rating, accredited by the British Safety Council (BSC). The latter conducted the Five Star Occupational Health and Safety Audit to acknowledge companies prioritising workers’ health, safety, and wellbeing. The BSC Five Star Occupational Health and Safety Audit is a world-class process to evaluate occupational health and safety against the latest legislation, recognised standards, and best practices. Alba has achieved this rating after going through a 12-day...
In November 2023, the economic environment in France witnessed a renewed decline, signalling a deepening concern for the prospective business landscape in the months ahead, as reported by ING Think. The euro zone's second-biggest economy anticipated growth is poised to decelerate. Concurrently, the Purchasing Managers' Index (PMI) figures underscore persistent inflationary pressures, emphasizing the prolonged timeframe required for any potential disinflationary trends. However, in September 2023, the Bank of France, the nation's central bank, indicated that the economic growth outlook for the next two years is slightly lower than initially anticipated, attributing this adjustment to its primary trade partners' financial challenges. The Bank revised its forecast for 2023 upward following a...
Africa’s primary aluminium production has exhibited an oscillating trend over the past ten months of 2023. Although the output in October encountered a significant rise of 4.5 per cent, reaching 139,000 tonnes compared to the previous month, yet it could not beat the last year’s production. According to the International Aluminium Institute data, Africa’s aluminium production in October rose month-on-month after two consecutive months of downfall. In August and September, the output stood at 135,000 tonnes and 133,000 tonnes, respectively, following a hike of 5,000 tonnes to 136,000 tonnes in July. Similarly, the earlier months went through frequent ups and downs, with the sharpest fall in February to 123,000 tonnes versus 138,000 tonnes in January. It is to be noted here that Africa’s...
China's aluminium imports increased for the fifth straight month in October, according to customs statistics published on November 18, 2023. The increase is attributable to increased purchasing appetite, driven by strong demand and forecasts of lower supply in the local market. Chinalco Materials Application Research Institute Co., Ltd., Yunnan Yuntong Zinc Industry Co., Ltd., and Shenyang Boyu Technology Co., Ltd., all affiliated with Chinalco Group Co., Ltd., were among the fifth batch of state-level specialised and innovative "Little Giant" enterprises announced by the Ministry of Industry and Information Technology. The 2023 Kunming Headquarters Enterprise Recognition Results have been issued by the Kunming Headquarters (Building) Economic Leadership Group Office. Yunnan Aluminium...
Chongqing Guochuang Light Alloy Research Institute carried out the first trial run of its aluminium ingot casting project. The multifunctional melting and casting platform is outfitted with 16t melting and casting units, including a tilting side well-melting furnace, a hydraulic tilting static and dynamic furnace, a hydraulic casting machine, a three-rotor degasser, and a two-stage plate filter. The trial run was attended by Huang UBS, deputy general manager of Chinalco Material Institute and chief engineer of Chinalco Group, Li Hutian, chief engineer of Chinalco Group, Yang Rongdong, director of the Institute of Melting and Green Casting, Fan Lin and Liu Li, pilot base heads, melting and casting technology masters from Southwest Aluminium Technology Centre and Melting and Casting Plant,...
A report states that Saudi Arabia aims to double its investments in the aluminium industry to become one of the top ten aluminium producers in the world. So far, the country has infused at least $12 billion into various aluminium projects to expand its production capacity. In early 2023, Saudi Arabia’s Royal Commission for Jubail and Yanbu approved five investment calls worth SR43 billion (US$11.4 billion) for the construction of major industrial projects in the Arabian cities of Yanbu and Ras Al Khair. The investment made a provision for the Red Sea Aluminium Industrial Company to acquire leased industrial land in Yanbu Industrial City to make a plant for safe smelting and rolling of aluminium and its alloys. The plant would also be used for drawing, purifying and casting, alongside the...
LME aluminium opened at US$2223 per tonne in the previous trading day, with its low and high at US$2215 per tonne and US$2233 per tonne, respectively, before closing at US$2222 per tonne, up US$0.5 per tonne or 0.02 per cent. On Thursday, November 23, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$12 per tonne or 0.54 per cent and US$11.5 per tonne or 0.52 per cent to close at US$2,182 per tonne and US$2,183 per tonne. As per the London Metals Market (LME) data, both 3-month bid price and 3-month offer price dipped by US$16.5 per tonne or 0.73 per cent to clock at US$2,220 per tonne and US$2,221 per tonne. December 24 bid price and December 24 offer price fell by US$8 per tonne or 0.34 per cent to halt at US$2,342 per tonne and US$2,347 per...
Companhia Brasileira de Alumínio (CBA), the largest aluminium producer in Brazil with a total production capacity of around 480,000 tonnes, announced its third-quarter results of 2023, ended September 30, reporting a 13 per cent growth in sales volume to 119,000 tonnes. The company’s primary aluminium sales reached 67,000 tonnes, reflecting a 26 per cent rise from the previous year, with emphasis on aluminium-silicon billets and ingots. This sales growth owes to improvements in the civil construction and automotive sectors. According to CBA, the positive result in Q3 2023 was driven by improved economic conditions in Brazil. The company also reported in its quarterly results that it recovered the operational stability of the furnace rooms, with liquid aluminium production reaching 84,000...
The past three years have been very crucial for the European aluminium industry, beginning with the COVID-19 pandemic and lockdown in 2020, which rocked the global trade economics to a certain extent. As the world was gradually recuperating from the production crisis and demand delay, in February 2022, the Russian-Ukraine crisis got fuelled, plunging the world trade relations into a feat of dismay and uncertainty. The surge in energy prices, increasing bank interest rates, inflationary pressures, and economic deceleration in Europe have not only affected the demand for aluminium but have also left an imprint on various other sectors. And now, the Israel-Palestinian war has put the last nail in the coffin, as back-to-back geopolitical dilemmas can be detrimental to an evolving economy. The...
