The London Metal Exchange (LME) aluminium price graph broke the rising streak on October 29, cooling after maintaining an upward trend for seven consecutive sessions. The session reported declines of nearly 1 per cent across the cash and near-term contracts over the October 28 close . The LME aluminium cash bid price dropped by 0.95 per cent from USD 3,100 per tonne to USD 3,070.5 per tonne. The offer price slipped from USD 3,101 per tonne to USD 3,071 per tonne, down 0.98 per cent day-on-day. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,083.5 per tonne to USD 3,062 per tonne, decreasing by 0.7 per cent. The offer...
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...
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In an ever-evolving world where innovation and sustainability go hand in hand, one industry stands out for its remarkable contributions – the aluminium industry. We are glad to announce the launch of our latest edition, a dedicated publication that aims to be your guiding light in the vast realm of the aluminium sector – "The Aluminium Industry: Focus Americas." This e-Magazine takes you on a journey into the heart of this dynamic sector, showcasing how it is shaping the future of the Americas. Aluminium, often referred to as the "metal of the future," plays a pivotal role in modern life. With its versatility, strength, and exceptional recyclability, it is the backbone of many essential products and industries. This e-Magazine dives deep into the state of the aluminium industry in the...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, is hosting the 41st International Conference and Exhibition of The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) in Dubai this week. ICSOBA is the largest annual technical forum in the global aluminium industry. The three-day event in Dubai - the most extensive edition ever - brings over 190 international contributions and 168 technical presentations in four parallel streams focusing on advancing sector decarbonisation and further sustainability. As a global leader in aluminium smelting technology development, EGA will share over 20 papers detailing findings and solutions to address complex industrial challenges, including both EGA papers and papers...
The Shanghai Metals Market, on November 7 witnessed an overall spike in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 50 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we consider the SMM aluminium price on October 31, a week-on-week surge of RMB 90 per tonne or 0.47 per cent can be seen from RMB 19,080 per tonne recorded that day. China’s major provinces have all experienced a boost in aluminium prices with the spot price rising the most in Foshan, Hangzhou and Chongqing by RMB 50 per tonne, to close at RMB 19,200 per tonne in the first city and RMB 19,170 per tonne in the next two. In Wuxi, the aluminium price soared by RMB 40 per tonne halting at RMB 19,170 per...
LME aluminium opened at US$2253 per tonne on Monday, with its low and high at US$2243 per tonne and US$2295 per tonne respectively before closing at US$2286 per tonne, up US$33 per tonne or 1.42 per cent. On Monday, November 6, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$34.5 per tonne or 1.55 per cent to clock at US$2,253.50 per tonne and US$2,254 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price hiked by US$37 per tonne or 1.65 per cent to peg at US$2,278 per tonne and US$2,279 per tonne. December 24 bid price and December 24 offer price ascended by US$29 per tonne to rest at US$2,382 per tonne and US$2,387 per tonne. LME aluminium opening stock settled at 466700 tonnes. Live warrants and...
LME aluminium opened at US$2232.5 per tonne last Friday, with its low and high at US$2229.5 per tonne and US$2260 per tonne, respectively, before closing at US$2256.5 per tonne, up 0.98 per cent. The LME aluminium live price chart , on November 3, marked a slight elevation in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price soaring by US$1.50 per tonne or 0.07 per cent to officially close at US$2,219 per tonne and US$2,219.50 per tonne. When the price on November 3, last year, is taken into account, we can calculate an increase of US$3.50 per tonne or 0.16 per cent on a Year-on-Year scale. London Metal Exchange graph flashed that the 3-month bid price and the 3-month offer price have surged by US$4 per tonne or 0.18 per cent to anchor at...
In October 2023, the global aluminium industry experienced static demand and supply dynamics, resulting in limited price fluctuations on both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). The ongoing economic deceleration in Western nations and specific Asian markets, majorly in Japan, continued to raise apprehensions within the worldwide manufacturing sector. However, aluminium, celebrated for its eco-friendly characteristics, is emerging as a pivotal player in shaping a more sustainable future. Aluminium's environmentally responsible attributes drive a significant transformation across various sectors, replacing steel and other materials. Key highlights from the global aluminium industry in October are as follows: A consortium, which brings together the...
The primary aluminium industry, which is considered to be an epicentre of the aluminium value chain, is always spotted with crucial occurrences. This week was no exception, and the most vital event was the commencement of productions at aluminium smelters in Yunnan. This phenomenon is expected to reduce 1.5 million tonnes of production out of the total capacity. The production cut started on November 1 with the onset of the dry season till April 2024. Yunnan province is known for abundant availability of hydro power but that entirely depends on rainfall. Lack of rainfall from November to April generates less hydro energy, causing interruption to aluminium output. To know more: https://bitly.ws/ZqMd Huaxing Aluminum's electrolytic aluminium production department has been completed and...
Indian aluminium giants, including Hindalco Industries Ltd, Vedanta Ltd, and National Aluminium Corporation (NALCO), have reportedly reduced their aluminium prices in response to the LME aluminium price fall this week from October 30 to November 3. The LME aluminium benchmark price encountered a downfall of US$32.50 per tonne or 1.44 per cent from US$2,252 per tonne to US$2,219.50 per tonne during the said period. Hindalco Industries Limited cut its aluminium ingot price by INR 3,000 per tonne this week from INR 221,750 per tonne on Tuesday, October 31, to INR 218,750 per tonne on Friday, November 3. The price saw this cut in two days. On November 1, the company’s aluminium ingot price underwent a cut of INR 1,500 per tonne, standing at INR 220,250 per tonne. Then, on November 3, the...
Aluminium grain refiner specialist MQP has increased the production capacity of its high-efficiency Optifine range by 20% through a six-figure investment at its manufacturing plant. The Solihull-based company has installed a new production line at the plant in Baoding, China, increasing the output of Optifine to 47,000 tonnes annually to meet demand from cast houses looking for more efficient ways to prevent cracking, large grain size and reduced melt quality when making everything from high tensile structures to foil stock. The milestone reflects an investment of £3.4 million for the new Properzi production line and £2.6 million for an extra workshop and warehouse at the state-of-the-art STNM plant. STNM, MQP’s parent company, is one of the largest producers of master alloys in the world...
On November 3, the Shanghai Metals Market experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price negating RMB 20 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we consider the SMM aluminium price on November 3, last year, it can be seen that there has been a Year-on-Year augmentation of RMB 920 per tonne or 5.04 per cent from RMB 18,250 per tonne recorded that day. China’s central provinces have all witnessed upheaval in aluminium prices today, with it rising the highest in Shenyang and Tianjin by RMB 30 per tonne to close at RMB 19,170 per tonne each. Gongyi also faced hiking aluminium price trends, with its benchmark rate gaining RMB 10 per tonne, to finally...
LME aluminium opened at US$2244.5 per tonne on Thursday, with its low and high at US$2224.5 per tonne and US$2251.5 per tonne, respectively, before closing at US$2232 per tonne, down 0.47 per cent. On Thursday, November 2, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$12.5 per tonne or 0.56 per cent to clock at US$2,217.50 per tonne and US$2,218 per tonne. As per the London Metal Exchange (LME) data, both the 3-month bid price and the 3-month offer price went down by US$4 per tonne or 0.17 per cent and US$3.5 per tonne or 0.15 per cent to clock at US$2,237 per tonne and US$2,238 per tonne. December 24 bid price and December 24 offer price moved down by US$5 per tonne or 0.21 per cent to peg at US$2,350 per tonne and US$2,355 per tonne. LME...
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the domestic alumina price took a sharp turn towards the rising trend, and the imported bauxite price started building up in the early days of October due to growing reliance on the overseas mineral. In-depth price analysis: China’s domestic A00 aluminium ingot price experienced a decline of RMB 510 per tonne or 2.60 per cent through the month of October to settle at RMB 19,080 per tonne, found the Shanghai Metals Market survey. The fall occurred primarily in the early days of October, bringing the...
According to the US Geological Survey, the United States produced 62,000 tonnes of primary aluminium in August 2023. That was 2,000 tonnes or 3.13 per cent less than 64,000 tonnes in the earlier month , following a rise of 3.23 per cent M-o-M in July. However, on a year-on-year basis, the output in August was 1,000 tonnes more than 61,000 tonnes. The USGS data showed the average daily primary aluminium production in the United States during August 2023 was 2,000 tonnes, down by 2.91 per cent from 2,060 tonnes in July and essentially unchanged compared to 1,980 tonnes in August 2022. Total aluminium recovered from scrap in August 2023 was higher than the previous month by 6,000 tonnes or 2.19 per cent to 280,000 tonnes but 5 per cent less than 295,000 tonnes in August 2022. Of the total...
LME aluminium opened at US$2246 per tonne on Wednesday, with its low and high at US$2233.5 per tonne and US$2257 per tonne, respectively, before closing at US$2242.5 per tonne, down 0.16 per cent. On November 1, the LME aluminium live price chart experienced a slump in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price diving down by US$4.50 per tonne or 0.2 per cent to officially close at US$2,230 per tonne and US$2,230.50 per tonne. London Metal Exchange graph flashed that the 3-month bid price and the 3-month offer price have negated US$5 per tonne or 0.22 per cent and US$5.50 per tonne or 0.24 per cent to park at US$2,241 per tonne and US$2,241.50 per tonne, respectively. The December 24 bid price and the December 24 offer price have seen a...
Introduction In the IT industry, resignations and job changes increased slightly before and during the pandemic. During the pandemic, the same tendency went only northward. The IT leaders of the world, many of them from India, had touched around 35% attrition rate, which was a major worry for them. This stemmed from the fact that working from home was made a norm, and as a result, the geographic location of a job was no longer a constraint. The jolting of the entire supply chain of many companies warranted that functions like planning, systems, and MIS become more real-time and quickly responsive. As a result, the dependency on digital interventions had increased manifolds – these generated the adoption of global collaborative software and applications, AI-based planning and solutions,...
According to a report on Wednesday, November 1, aluminium smelters in southwestern Yunnan province, China have started cutting production as the dry season sets in. A smelter manager and two analysts have posted that smelters have begun the process of production cut of a total of 1.5 million tonnes of capacity. Li Lin, the aluminium director of AZ Consulting, has pointed out that Yunnan smelters are following the order of China Southern Power Grid, which directs them to reduce output by 9 per cent to 40 per cent of capacity . Yunnan is known for its abundant resources of hydropower, which have attracted many aluminium smelters from different parts of China. Yunnan has a capacity of 5.7 million tonnes, being the fourth largest aluminium-producing region in China and accounting for 12 per...
The energy power control system update of Huaxing Aluminum's electrolytic aluminium production department has been completed and successfully placed into operation, marking a significant milestone in their operational experience. The automated control system update project is near the plant's pressurised pumping station, rainwater collecting pool, bathroom, heat exchange room and heating room. This update has resulted in a reduction in employee labour intensity, an improvement in work efficiency, and an enhancement in the stability of power equipment operation and the intelligence level of the company's equipment. The primary objective of the upgrade and transformation process is to replace the manual control valve of the imported and exported equipment with an electrically operated...
The Shanghai Metals Market, on November 1, witnessed an accelerating trait in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 60 per tonne to close at RMB 19,140 per tonne. The average aluminium prices have circulated between RMB 19,120 per tonne and RMB 19,160 per tonne. When the SMM aluminium price on August 1 is considered, which stood at RMB 18,580 per tonne, a Quarter-on-Quarter levitation of RMB 560 per tonne or 3.01 per cent can be seen in comparison with the price today. China’s central provinces have experienced a surge in prices today, with the SMM aluminium ingot price in Shenyang escalating the highest by RMB 110 per tonne to stop at RMB 19,150 per tonne. In Gongyi and Hangzhou, the aluminium prices heightened by RMB 80 per tonne, settling at RMB 19,000 per...
