
Shyam Sel and Power Ltd, a wholly-owned subsidiary of Shyam Metalics and Energy Ltd, has received approval from the National Company Law Tribunal (NCLT), Kolkata Bench, to merge Shree Venkateshwara Electrocast Pvt Ltd into its operations, effective April 1, 2024. According to a company statement, the tribunal approved the scheme of amalgamation through an order dated October 16, 2026. The merger is intended to bring aluminium foil operations under a single entity, allowing the company to streamline manufacturing and marketing activities while improving operational efficiency and working capital management. Merger to consolidate aluminium foil operations The merger will transfer the business of Shree Venkateshwara Electrocast to Shyam Sel and Power, consolidating the two entities'...
Indian aluminium stocks are under pressure as the restart of Emirates Global Aluminium’s (EGA) Al Taweelah smelter adds to concerns about global supply, while Axis Capital forecasts a market surplus in calendar year 2027 (CY27). Shares of Hindalco Industries, Vedanta Aluminium Metal and National Aluminium Company (NALCO) declined amid a weaker outlook for aluminium prices. Aluminium has retreated from its 2026 high of around USD 3,800 per tonne to approximately USD 3,020 per tonne. Axis Capital expects prices to fall further to USD 2,800 per tonne in CY27, as recovering production and rising Chinese exports weigh on the market. EGA restarts half of Al Taweelah smelter EGA has restarted 631 of the 1,262 reduction cells at its Al Taweelah smelter, with full production targeted for the first...
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South32 has recognised exceptional costs of USD 117 million after the closure of its Mozal aluminium smelter in Mozambique , as an unresolved power deal impasse with the Mozambican government keeps operations stalled. The Mozal smelter, one of Africa’s largest aluminium producers with a 560,000-tonne annual capacity, entered care and maintenance on March 15 after negotiations over electricity tariffs failed. South32 has maintained that aluminium production is no longer commercially viable under the current power pricing structure, with electricity accounting for the plant’s highest operating cost. Explore: The most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Report Mozal, a USD 2 billion...

The Middle East updates on rising geopolitical tensions continue to fill the board. Still, aluminium prices have all the gains triggered by the Middle East crisis that began on February 28 this year. The London Metal Exchange (LME) aluminium price chart recorded the three-month contract slipping back to USD 3,170.5 per tonne , slowly retreating to the range where it traded before the geopolitical tensions intensified. The market’s calm comes even as updates from the Middle East about disruptions at Gulf smelters report nearly 2 million tonnes of annual production removed from global supply chains. After reaching a four-year high of USD 3,855 per tonne at the close of June 2 , aluminium prices have retreated as traders increasingly believe higher exports from China and Indonesia can offset...

The London Metal Exchange (LME) aluminium price chart continued to record a declining trend across all the pricing segments at the close of the June 24 trading session. Only the alumina pricing segment showed consistency. The LME aluminium cash bid as well as offer prices eased by 0.59 per cent day-on-day. The bid reached USD 3,174.5 per tonne on July 24 from USD 3,193.5 per tonne on July 23 . The offer shifted to USD 3,175 per tonne from USD 3,194 per tonne. Explore: The most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Report On June 24, both the LME aluminium three-month bid and offer prices reported a 0.68 per cent fall. The bid slipped to USD 3,160 per tonne from USD 3,181.5 per tonne...

On March 28, the US-Iran tension took a new turn as Iranian missiles struck the Khalifa Economic Zone in Abu Dhabi, damaging the alumina refinery that feeds Emirates Global Aluminium’s Al Taweelah smelter, the largest aluminium production complex in the Gulf. Four hundred kilometres south-west, Aluminium Bahrain declared force majeure and shut roughly a fifth of its capacity, citing the same conflict. Neither company builds weapons, ships crude, or has any stake in the war between the United States, Israel and Iran. For several weeks this spring, two of the world’s most competitive aluminium producers became collateral damage in someone else's fight. That is the detail worth sitting with, because it reframes the question the industry has been asking since renewed US-Iran hostilities put...

The London Metal Exchange (LME) aluminium chart recorded a decline across all the pricing segments at the close of the June 23 session. Only the live warrants and alumina price remained stable. The LME aluminium cash bid price eased from USD 3,204 per tonne on July 22 to USD 3,193.5 per tonne on July 23, down 0.33 per cent day-on-day. The offer price shifted from USD 3,205 per tonne to USD 3,194 per tonne, marking a 0.34 per cent difference. Explore the relevance of red mud in the sustainable aluminium industry in A Comprehensive Analysis of Bauxite Residue (Red Mud): Sustainability, Resource Recovery and Strategic Recommendations On June 23, the LME aluminium three-month bid price slipped to USD 3,181.5 per tonne from USD 3,183 per tonne, representing a 0.05 per cent difference. The...

Update on the July 27 ribbon-cutting ceremony: Century Aluminum CEO Jesse Gary will be joined by US Secretary of Commerce Howard Lutnick, Senior Counselor to President Trump Dr Peter Navarro and South Carolina Attorney General Alan Wilson as the company celebrates the expansion of its Mt Holly aluminium smelter. The inauguration time has been updated to July 27, from 2:00 PM to 3:00 PM. US Secretary of Commerce Howard Lutnick, US Senator Tim Scott and South Carolina Governor Henry McMaster will join Century Aluminum President and CEO Jesse Gary on July 27 to mark the expansion of the company's Mt Holly aluminium smelter in South Carolina, highlighting the project's significance for the US aluminium industry. The expansion is expected to increase total US primary aluminium production by...

Shares of Aluminum Corporation of China (Chalco) rallied during the latest trading session after investors responded positively to plans by its parent company to increase its shareholding, alongside improving aluminium market fundamentals. The company's Hong Kong-listed shares gained 6.28 per cent to close at HKD 8.63 (USD 1.10), with trading volume reaching 93.09 million shares. Despite the latest rally, the stock remains 29.09 per cent lower for the year to date. Stake increase boosts investor confidence Market sentiment strengthened after Chinalco announced plans to increase its stake in Chalco by up to USD 300 million, signalling confidence in the company's long-term prospects. The share price also received support after JPMorgan placed a buy order for more than 2 million shares,...

Norsk Hydro has warned that the global aluminium market could face a deeper supply deficit if disruptions to shipping through the Strait of Hormuz continue, with prolonged constraints expected to tighten the availability of both raw materials and finished metal. Hydro President and CEO Eivind Kallevik said logistics through the Strait of Hormuz have deteriorated since hostilities between the United States and Iran resumed, affecting inbound raw material supplies and aluminium exports from the Gulf region. The Middle East accounts for nearly 10 per cent of global aluminium production, making continued disruptions a significant risk to the market. Hydro currently estimates the global aluminium market will record a 900,000-tonne deficit, but Kallevik said a prolonged conflict could widen the...

Recent changes to US aluminium tariffs are likely to become a permanent feature of the country's trade policy rather than a temporary measure, according to analysts at ING, who say the changes point to a broader shift towards long-term protectionism. In a recent market note, ING's commodities team said the latest tariff adjustments reflect the US administration's continued focus on strengthening domestic aluminium production and improving supply security. Analysts believe these goals suggest that the current tariff regime will remain in place for the foreseeable future, contrary to expectations that trade restrictions could eventually be eased. Higher US aluminium prices expected to persist ING said the continued tariff regime is expected to keep US aluminium prices above international...

LME aluminium prices moved higher on July 22 compared with July 21, with gains recorded across the cash, three-month and December 2027 contracts, while exchange inventories continued to decline. The LME aluminium cash bid price increased to USD 3,204 per tonne on July 22 from USD 3,183 per tonne on July 21, up 0.66 per cent. The cash offer price also climbed to USD 3,205 per tonne from USD 3,183.5 per tonne, rising 0.68 per cent. The LME aluminium three-month bid price rose to USD 3,183 per tonne on July 22 from USD 3,170 per tonne on July 21, an increase of 0.41 per cent. The three-month offer price advanced to USD 3,185 per tonne from USD 3,170.5 per tonne, up 0.46 per cent. The December 2027 aluminium bid price increased to USD 3,117 per tonne on July 22 from USD 3,105 per tonne a day...

Steel Dynamics posted stronger second-quarter results for 2026, supported by higher steel prices, record shipment volumes and continued progress at its new aluminium flat-rolled business. The company reported revenue of USD 6.1 billion, up 33 per cent from the second quarter of 2025 and 17 per cent higher than the previous quarter. Net income climbed 79 per cent year on year to USD 534 million, while adjusted EBITDA reached USD 921 million. Diluted earnings per share came in at USD 3.69, slightly below analysts' expectations of USD 3.76, although revenue exceeded market forecasts by around 9.5 per cent. Aluminium business moves closer to profitability Steel Dynamics' aluminium division continued to gain momentum as production ramped up at its Columbus, Mississippi, flat-rolled mill....

China, the largest producer of primary aluminium on the global platform, continues to raise its annual output despite maintaining a 45-million-tonne production cap. So, what's powering its industry's continued growth? In the January-June phase or the first half (H1) of 2026, China produced 22.34 million tonnes. Considering historical data, the figure has gone up year-on-year. H1 2026 – 22.34 million tonnes, up 2.24 per cent Y-o-Y from 21.85 million tonnes in H1 2025 H1 2025 – 21.85 million tonnes, up 2.59 per cent Y-o-Y from 21.3 million tonnes in H1 2024 A clear growth rate is visible over the years as China solidifies its position in the global aluminium production race. On the flipside, the yearly surge makes way for another vital question to the forefront – If the 45-million-tonne...

The London Metal Exchange (LME) aluminium market moved higher on July 21, with cash prices, futures contracts and longer-dated contracts all recovering from the previous session. The LME aluminium cash bid price increased from USD 3,155 per tonne on July 20 to USD 3,183 per tonne on July 21, reporting a 0.89 per cent rise. The cash offer price also moved up from USD 3,156 per tonne to USD 3,183.5 per tonne, gaining 0.87 per cent. The LME aluminium three-month contract recorded gains as well. The bid price rose from USD 3,147 per tonne to USD 3,170 per tonne, while the offer price increased from USD 3,147.5 per tonne to USD 3,170.5 per tonne, with both rising 0.73 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to...

Seven years after Section 232 tariffs first shielded US aluminium producers, America still imports 60 per cent of the primary aluminium it consumes. That single statistic, buried in the US Geological Survey’s 2026 Mineral Commodity Summary, is the uncomfortable backdrop to President Trump’s latest move. On July 20, Trump signed a proclamation directing the Commerce Secretary to build an incentive programme around the existing aluminium tariff regime, alongside an executive order tightening critical mineral sourcing rules for defence contractors. The headlines called it tariff policy. The real question is narrower and more interesting: can a tariff discount , offered only to companies that build new smelting capacity, do what a decade of tariff walls could not? Why America still cannot...

For much of 2026, aluminium prices have been driven more by geopolitics than by underlying demand. As tensions between the US and Iran intensified, fears of disrupted shipments through the Strait of Hormuz pushed LME aluminium higher, with prices rising to around a four-year high and reaching an intraday peak above USD 3,700 per tonne The ceasefire eased those concerns, and the geopolitical risk premium quickly faded. LME aluminium prices corrected by more than 17 per cent to around USD 3,019 per tonne. Aluminium stocks also came under pressure, with National Aluminium Company (Nalco) declining more than 19 per cent and Hindalco Industries falling over 15 per cent since the beginning of June. However, renewed attacks involving Iran and the US have again raised concerns over the Strait of...

The first quarter of 2026 brought a temporary setback for Oceania's primary aluminium production, but it did not define the first half of the year. Although production declined from the last year Q4, due to upstream supply disruptions and seasonal operational factors, the region regained momentum in Q2, 2026 as output strengthened. Oceania's primary aluminium production rebounded in the second quarter of 2026, rising to 476,000 from 467,000 in the first quarter, representing a 1.9 per cent quarter-on-quarter increase. On a year-on-year basis, Oceania's primary aluminium production reached 943,000 in H1 2026, compared with 923,000 in H1 2025, an increase 2.2 per cent. Higher quarterly output drove first-half growth The stronger first-half performance was underpinned by higher production in...

If we take a look at Australia’s global aluminium export trend, which product category of aluminium dominates the shipment volume? Here is a comparison between the volumes of unwrought aluminium and the other downstream segments supplied by Australia to the world. January-May 2026 export graph: Total vs unwrought As of year-to-date (YTD) January to May 2026, Australia’s cumulative export of all the aluminium product categories , viz., unwrought, bars, rods and profiles, foil, pipes and tubes, plates, sheets and strip, tube or pipe fittings, and wire, the year-on-year trend goes like this: YTD 2026 – 566,386.47 tonnes, up 1.98 per cent Y-o-Y from 555,407.67 tonnes in YTD 2025 YTD 2025 – 555,407.67 tonnes, down 6.48 per cent Y-o-Y from 593,920.51 tonnes in YTD 2024 Explore the relevance of...

Century Aluminum Company has welcomed a new executive order signed by US President Donald Trump that aims to encourage investment in domestic primary aluminium production. Under the order, approved companies investing in new primary aluminium production facilities in the United States will be allowed to import an equivalent amount of primary aluminium at half the otherwise applicable tariff rate. The announcement follows Century Aluminum's agreement with Emirates Global Aluminium (EGA), announced in February, to jointly develop a new primary aluminium smelter in Inola, Oklahoma. The project is expected to be the largest single investment in US primary aluminium production and has the potential to more than double the country's current primary aluminium output. CEO of Century Aluminum,...