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...
Grow with
AL Circle
On the supply side, there are indications of an increase, notably in China, which is expected to lead to an excess metal balance for the current calendar year. As a result, metal prices are unlikely to see significant improvements in the near term and the profit margins of the industry are expected to remain under pressure in the face of a weak global environment, Jayanta Roy, Senior Vice-President and Group Head, Corporate Sector Ratings, ICRA, commented. The estimates for the operating profitability of Indian domestic players stand at 17 per cent for both FY2024 and FY2025, reflecting a contraction of nearly 150 basis points when compared to the levels of FY2023, as per Roy. According to ICRA, the domestic demand growth rate in India for non-ferrous metals is expected to remain 9 per...
Rio Tinto's Kitimat aluminium smelter is finally back in full production after a 17-month restart following a lengthy interruption caused by a strike in 2021. Rio Tinto general manager Simon Pascoe stated that the accomplishment is noteworthy for the community and his 1,100-member crew. The smelter has achieved its maximum production capacity of 432,000 tonnes of aluminium per year, marking the first instance of such achievement since 2018. Rio Tinto also plans to celebrate the smelter's 70th anniversary next year. "We've not just put ourselves back on where we left before the strike. We're actually operating at our plant's full nameplate capacity. It's a testament to the dedication and hard work of every individual on the team," stated Simon Pascoe. Pascoe assumed the position previously...
On October 4, the LME aluminium live price chart witnessed deescalating prices, with the LME aluminium cash bid price and the LME aluminium official price losing US$25.50 per tonne or 1.13 per cent and US$26 per tonne or 1.15 per cent, respectively, to officially close at US$2,230.50 per tonne and US$2,231 per tonne. If the LME aluminium price on September 28 is taken into account, it can be there has been a drop of US$1 per tonne or 0.04 per cent on a Week-on-Week basis from US$2,232 per tonne to what it was yesterday. It can also be seen that within the week, only on September 29, the price soared to US$2,307.50 per tonne. Other than that, the trend was overall linear. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have both decreased by...
In a significant milestone for the AL Circle community, the platform has embarked on a transformative journey, unveiling its fresh and revitalised identity on 5 October, 2023. A decade of progress: The evolution of AL Circle from its inception in 2010 to its latest look showcases an unwavering commitment to providing valuable resources and insights to its users. The journey began in 2010 when AL Circle became a dedicated hub for aluminium enthusiasts and professionals. Over the years, it has continued to evolve and expand its offerings, becoming a trusted source of information and knowledge within the aluminium industry. In the next year of its launch, AL Circle started its journey by offering newsletters to its subscribers, providing them with the latest updates and trends in the...
This September marks the 46th annual "Quality Month" in the country, and Ningdong Aluminium Branch of State Power Investment Qingtongxia Aluminum Co., LTD. (referred to as Ningdong Branch) is utilizing the "Quality Month" activity platform to encourage all units to adopt advanced quality management methods and actively engage in mass quality activities such as QC teams, quality trustworthy teams, and innovation studios. The objective is to stimulate employees to participate in quality improvement and innovation, strengthen the quality and technical training of production personnel, and enhance the quality awareness of all staff. As a veteran electrolytic aluminium enterprise with an annual capacity of 570,000 tons of electrolytic aluminium, Ningdong Branch sells most of its aluminium...
Rusal-owned Krasnoyarsk Aluminium Smelter reportedly caught fire on Wednesday, October 4. At 8:57 am (0157 GMT), a fire breakout was reported on the territory of the KrAZ (Krasnoyarsk Aluminium Smelter). The news came after Russia’s TASS state news agency said, citing the officials, “A transformer caught fire on an area of 50 square metres (538 square feet)." According to the emergency officials, there are no casualties so far. It was immediately not known what caused the fire. The Krasnoyarsk Smelter can produce 1 million tonnes of aluminium annually, leveraging EcoSoderberg technology. In mid-2020, Rusal retrofitted the smelter with EcoSoderberg technology . That required a modification of the total 1954 reduction cells to be able to use the EcoSoderberg technology, the best-known...
In the scenic Bintan Island of Indonesia, a new industrial complex is emerging near a bustling seaside resort, marking a significant shift from traditional tourism and fishing to aluminium. At its core is an alumina refinery led by Bintan Alumina Indonesia and partially owned by China's Shandong Nanshan Aluminium. The next phase includes an aluminium smelter launching soon, with a game-changing aluminium factory set for completion by 2028, aiming to supply aluminium ingots for the growing electric vehicle (EV) industry. While this development offers economic growth and job opportunities, it brings some environmental concerns like wastewater pollution and emissions from the coal-fired power station. Residents have had to relocate due to the refinery's expansion, causing mixed feelings....
Vedanta Limited, an Indian multinational mining company, has announced its metal output report for the second quarter of FY2023-24 ended September 30. As per the report, Vedanta produced 594,000 tonnes of aluminium compared to 579,000 tonnes in the June quarter . That reflected a sequential rise of 2.59 per cent in Vedanta's aluminium production during Q2 FY2024. On a year-on-year calculation, the company's aluminium output in Q2 edged an increase of 2 per cent, similar to the annual growth rate in Q1. Lower production cost, as was stated by Vedanta in Q1 report, could be attributed to the continuous rise in its aluminium output volume. Combining the output in Q1 and Q2, Vedanta's total aluminium production amassed at 1.173 million tonnes. Vedanta's Q2 production report also showed that...
On Tuesday, October 3, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$30 per tonne or 1.31 per cent and US$29.5 per tonne or 1.29 per cent to score at US$2,256 per tonne and US$2,257 per tonne. On the same day, the 3-month bid price and 3-month offer price slumped by US$23 per tonne or 0.99 per cent to halt at US$2,292 per tonne and US$2,294 per tonne. December 24 bid price and December 24 offer price fell by US$25 per tonne or 1.01 per cent to score at US$2,427 per tonne and US$2,432 per tonne. LME aluminium opening stock came in at 504850 tonnes. Live warrants and Cancelled warrants settled at 193300 tonnes and 311550 tonnes. LME aluminium 3-month Asian Reference Price dwindled by US$50.68 per tonne or 2.14 per cent to reside at US$2,310.16...
On October 03, 2023, Emirates Global Aluminium proudly announced that it has successfully maintained a second consecutive summer with no heat-related illnesses among its workforce. Working outdoors in the United Arab Emirates during the summer can pose a severe risk of heat-related illnesses, which, if not promptly addressed, can lead to fatalities. In addition to this environmental challenge, EGA's industrial operations generate extra heat and must remain operational 24/7 throughout the year. EGA has dedicated over a decade to refining its system for mitigating heat-related illnesses. The company's yearly "Beat the Heat" initiative represents a comprehensive, extended summer campaign encompassing all of EGA's operations. Employees undergo training to identify early indicators of heat...
The United States aluminium crude metals and alloys imports from the United Arab Emirates in the first half of 2023 amounted to 308,000 tonnes, registering a jump of 60.42 per cent from 192,000 tonnes during the corresponding period of the previous year. As the above graph indicates, the United States aluminium crude metals and alloys imports from the UAE started growing from March 2023 after a dip in the prior month and continued expanding until June 2023. According to the USGS data, the United States imported 30,400 tonnes of the product in March’23, up 19.22 per cent from 25,500 tonnes in February. The import volume in February was down month-on-month by 29.95 per cent from 36,400 tonnes, but that in January was 15.20 per cent higher than the previous month. In April, the United States...
The LME aluminium live price chart, on October 2, experienced falling prices, with the LME aluminium cash bid price and the LME aluminium official price losing US$21 per tonne or 0.91 per cent to officially close at US$2,286 per tonne and US$2,286.50 per tonne. The LME aluminium price nearing the end of September saw four strong days of growth from September 26 to 29, to begin the month of October in a dampened state. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have both descended by US$25 per tonne or 1.07 per cent to stop at US$2,315 per tonne and US$2,317 per tonne. The December 24 bid price and the December 24 official price have eradicated US$20 per tonne or 0.81 per cent, settling at US$2,452 per tonne and US$2,457 per tonne. LME...
The LME aluminium benchmark price closed the week on Friday, September 29, with a leap of US$75.50 per tonne or 3.4 per cent. As per the data, the LME aluminium cash bid price and LME aluminium official settlement price stood at US$2,307 per tonne and US$2,307.50 per tonne, respectively. The 3-month bid price and 3-month offer price stood at US$2,340 per tonne and US$2,342 per tonne, registering a sharp rise of US$77 per tonne. December 24 bid price and December 24 offer price massively gained US$74 per tonne to settle at US$2,472 per tonne and US$2,477 per tonne, respectively. LME aluminium opening stock decreased on Friday by 4,225 tonnes to stand at 486,050 tonnes. Live Warrants shrank sharply by 50,225 tonnes from the previous day to rest at 173,875 tonnes, but Cancelled Warrants...
After an incredible 62-year run of smelting operations, the German Speira company is embarking on a transformative journey. In a bold and forward-thinking move, the company has decided to cease the production of primary aluminium by the end of 2023, with the last of the potlines scheduled to be shut down by December. The closure of the aluminium smelting operations marks a turning point in Speira's history, and the company is now embracing a pioneering concept. The iconic Rheinwerk facility, once the heart of their aluminium production, is transforming remarkably into a state-of-the-art recycling-based foundry. This visionary shift aligns Speira with the principles of sustainability, eco-consciousness, and a circular economy. The company is committed to reducing its environmental...
Indian aluminium players have increased their aluminium selling price this week in tandem with the LME aluminium growth trend. Vedanta has increased its aluminium ingot and aluminium products prices twice this week, while Hindalco once so far. On Friday, September 29, Vedanta expanded its aluminium ingot price by INR 3,500 per tonne or 1.5 per cent, bringing it to INR 217,000-231,000 per tonne. Vedanta’s aluminium wire rod and billet prices also saw a rise of the same amount to stand at INR 225,500-233,000 per tonne and INR 226,000 per tonne, respectively, as of September 29. On Saturday, September 30, Vedanta’s aluminium ingot price skyrocketed by INR 6,500 per tonne or 3 per cent to range between INR 223,500-243,500 per tonne. The company’s aluminium wire rod price and aluminium billet...
The LME aluminium benchmark price flaunted a steady growth this week after a drop on the first day. Both LME aluminium cash bid price and LME aluminium official settlement price decreased by 0.77 per cent on Monday, September 25, to stand at US$2,182 per tonne and US$2,182.50 per tonne. On September 26, the prices picked up by US$12 per tonne and US$12.50 per tonne, bringing the LME aluminium cash bid price to US$2,194 per tonne and the LME aluminium official settlement price to US$2,195 per tonne. On September 27, the prices inched up by US$1 per tonne to US$2,195 per tonne and US$2,196 per tonne. The prices continued to grow the next day by US$36.50 per tonne and US$36 per tonne to peg at US$2,231.50 per tonne and US$2,232 per tonne, respectively. On Friday, LME aluminium cash bid price...
Epsilon Carbon Pvt. Ltd., a significant leader in India's speciality carbon product manufacturing sector, unlocked a critical milestone. They were thrilled to be the first Indian company to export liquid coal tar pitch, with an initial shipment of 8,000 tonnes sailing from Mangalore port. The EU's Carbon Border Adjustment Mechanism (CBAM) is set to considerably raise the cost of steel imports from India and China. This carbon system, set to be implemented next month, is expected to move its focus to other metals, including aluminium. Chinalco Group, a well-known operator in the aluminium industry, has played a critical role in establishing several national standards for aluminium alloys. The General Administration of Market Supervision and the National Standards Committee recently...
In 2021, the total primary aluminium produced in Western and Central Europe registered 3.329 million tonnes, while in 2022, it was 2.913 million tonnes, down 416,000 tonnes or 12.49 per cent Year-on-Year. Western and Central Europe amounted to 4.22 per cent of the total world aluminium production in 2022. As per the International Aluminium Institute (IAI) data, the world's primary aluminium production stood at 67.092 million tonnes in 2021, which heightened by 1.946 million tonnes or 2.9 per cent to arrive at 69.038 million tonnes in 2022. In H1 2023, world aluminium production officiated at 34.464 million tonnes, which is almost 50 per cent of the annual production in 2022. This means if the acceleration continues, by the end of this year, last year's milestone will be achieved. On the...
