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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According to the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), aluminium ingot production in Iran during the first five months of the Iranian calendar year (March 21-August 22) amounted to 267,983 tonnes, reflecting a drop of 3,243 tonnes or 1.20 per cent from 271,226 tonnes a year ago. South Aluminum Corporation (SALCO), Iran's one of the four major primary aluminium producers, delivered the best performance, producing 119,886 tonnes of aluminium ingots during the said period. Iranian Aluminum Company (IRALCO) produced 71,984 tonnes, followed by Almahdi Aluminum Company 60,778 tonnes, and Iran Alumina Company 15,335 tonnes of ingots. IMIDRO previously published that aluminium ingot production in Iran during the previous year ended March 20 stood at...
On September 28, 2023, according to trade data released by the Ministry of Finance, Japan stated that the country's August imports of primary aluminium declined by 16 per cent compared to the previous year, totalling 95,630 tonnes. This marks a cumulative decrease of 30 per cent for the year. As reported by traders and aluminium manufacturers, Asia's largest importer of the lightweight metal used in transportation, construction, and packaging has experienced a significant decrease. This decline can be attributed to slow demand within the domestic construction sector and a lacklustre performance in export markets. The Japanese imports of primary aluminium ingots for the period from January to August totalled 711,627 tonnes, marking a 30 per cent decrease compared to the previous year. A...
The European Parliament's inclusion of aluminium in the Strategic Raw Materials list in the forthcoming Critical Raw Materials Act marks a significant development. Concurrently, Aluminium Deutschland conveys that the German aluminium industry continues to grapple with challenges, primarily in terms of securing a stable energy supply and enhancing its global competitive position. A recent survey of its members found that more than 50 per cent of the participating companies are currently facing supply and pricing challenges in the energy markets. Additionally, one out of every seven respondents indicated that their situation has deteriorated. Looking ahead, 40 per cent of the participants anticipate experiencing further adverse effects in the upcoming months. Most of the survey...
Aluminium Bahrain B.S.C (Alba), in its third quarterly Board of Directors’ virtual meeting on September 28, underpinned that delivering consistent performance amid uncertain macroeconomic outlook would be their top priority for the next quarter. Chairman of the Board Shaikh Daij Bin Salman Bin Daij Al Khalifa said, “We remain focused on our operational excellence and lean cost structure to finish 2023 strong.” The Board meeting witnessed reviews and evaluations of reports, future strategies, and upcoming projects. The directors reviewed reports of the Executive and ESG Committee, Board Audit Committee and the Nomination, and Remuneration and Corporate Governance Committee. They also evaluated and discussed strategic developments such as the proposed Line 7 Project , the progress of Power...
On September 25, the China Nonferrous Metals Industry Association (CMRA) inked a memorandum of understanding (MoU) with the Russian Aluminium Association in Beijing, as was circulated by the board in a statement. The vice party secretary of the CMRA, Fan Shunke, asserted that this partnership was to focus on the alumina sector, aluminium products and aluminium fabrication without revealing much from the deal. President Vladimir Putin is scheduled to visit China next month for a one-on-one conference with President Xi Jinping, and the MoU has been signed strategically just before the meeting. Russia's dependency on the largest economy in Asia has increased in recent years, primarily aiming at the energy and commodities market. Russia was eager to buy the core material for aluminium...
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne, respectively, before closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On Thursday, September 28, the London Metal Exchange (LME) recorded that both the cash bid price and official settlement price hiked by US$36.5 per tonne or 1.66 per cent and US$36 per tonne or 1.63 per cent to stand at US$2,231.50 per tonne and US$2,232 per tonne. 3-month bid price and 3-month offer price also grew by US$38 per tonne or 1.70 per cent and US$39 per tonne or 1.75 per cent to close at US$2,263 per tonne and US$2,265 per tonne. December 24 bid price and December 24 offer price added US$33 per tonne or 1.39 per cent to stop at US$2,398 per tonne...
In an effort to promote energy efficiency and conservation, Qinghai Aluminium recently invited energy management experts from Qinghai Renewable Energy Research Institute, Qinghai Chemical Design and Research Institute, and Qinghai University to conduct an energy-saving acceptance review of their graphitised cathode project. Representatives from the Ministry of Equipment and Energy and the Cathode Division were also present at the acceptance meeting. After careful consideration of the acceptance report, a thorough on-site examination, and a productive discussion of related issues, the expert group has determined that the graphitised cathode project's construction scale, general layout, and process flow are aligned with energy-saving review requirements. The project's energy-saving...
India is the only country that stands out from the rest of the world regarding aluminium production and consumption amidst a down market projecting a slow recovery in 2023. The government's strong emphasis on new infrastructure, particularly green energy, drives domestic consumption and overall stability for aluminium prices. India is currently the second-largest aluminium producer and third-largest consumer globally. However, industry analysts predict that India's aluminium demand will double within the next ten years, which could significantly impact both short-term and long-term aluminium price projections. Despite slowing global growth, including in China, which is expected to lower demand and pull down aluminium prices, experts believe that there are no such apprehensions in India....
According to some sources, a few Japanese aluminium buyers have agreed to pay a premium of $97 per tonne over the global benchmark price for the shipments during the fourth quarter of 2023, to end on December 31. This, compared to the previous quarter’s premium of $127.5 per tonne , stands 24 per cent down, said four sources directly involved in the pricing talks. The initial offers made by producers for Q4 shipments were $110-120 per tonne. The premium agreed upon for Q4 is also lower than that in Q2, between $125-130 per tonne, but higher than $95 per tonne in Q1. Japan is Asia’s biggest importer of aluminium and the premiums agreed upon for primary metal shipments become the benchmark for the region. As of July 2023, aluminium stocks at three major Japanese ports were recorded at...
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne respectively, before, closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On September 27, the LME aluminium live price chart marked mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price earning US$1 per tonne or 0.04 per cent to officially close at US$2,195 per tonne and US$2,196 per tonne. When we consider the aluminium price on September 20, a Week-on-Week drop of US$6 per tonne or 0.27 per cent can be found as the price was US$2,202 per tonne that day. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have both slumped by US$12.50 per tonne or...
The United States aluminium crude metals and alloys exports to Canada increased by 770 tonnes or 14.98 per cent Year-on-Year to officiate at 5,910 tonnes in June 2023 from 5,140 tonnes in June 2022. On a Quarter-on-Quarter scale, there has been a slump of 930 tonnes or 13.6 per cent from 6,840 tonnes recorded in March 2023. If we look at the Month-on-Month graph, a drop of 730 tonnes or 10.99 per cent can be acknowledged from 6,640 tonnes in May 2023 to 5,910 tonnes US crude metals and alloys exports to Canada in June 2023. Whereas Mexico has seen a blooming export ratio from the US, as in June 2022, the total haul was 11,100 tonnes, which surged by 3,600 tonnes or 32.43 per cent to reach 14,700 tonnes in June 2023. On a Quarter-on-Quarter basis, the US exports to Mexico rose by 700...
Chinalco Group, a renowned player in the aluminium industry, has played a pivotal role by introducing multiple national standards for aluminium alloys. In a recent development, the General Administration of Market Supervision and the National Standards Committee jointly issued an announcement regarding National Standard No. 9 in 2023. This announcement included the release of five national standards pertaining to aluminium alloys, all spearheaded by Chinalco Group enterprises. These standards encompass various aspects such as forgings, extruded materials, plates, and strips. The effective date for their implementation is set for April 1st of the following year. Among the five newly introduced national standards, the one titled "General Requirements for General Industrial Aluminium and...
According to the International Aluminium Institute, Africa’s primary aluminium production stood at 135,000 tonnes in August 2023 (31 calendar days), accounting for 2.23 per cent of the world’s total output of 6.044 million tonnes. Last month, Africa’s share of the world’s primary aluminium production was 2.26 per cent, and that in the previous year was 2.35 per cent. On a month-on-month calculation, Africa’s primary aluminium output in August edged a fall of 0.74 per cent from 136,000 tonnes, and on a year-on-year basis, the production volume decreased by 3.57 per cent from 140,000 tonnes. The daily average primary aluminium production in Africa during August’23 was 195,000 tonnes compared to 194,500 tonnes in July. That reflected a growth of 500 tonnes in daily production despite a drop...
LME aluminium opened at US$2,249.5 per tonne on Tuesday, with its high and low at US$2,249.5 per tonne and US$2,222 per tonne, respectively, before closing at US$2,241 per tonne, an increase of US$7 per tonne or 0.31 per cent. On Tuesday, September 26, both LME aluminium cash bid price and LME aluminium official settlement price ascended by US$12 per tonne or 0.54 per cent and US$12.5 per tonne or 0.57 per cent to stand at US$2,194 per tonne and US$2,195 per tonne. LME aluminium 3-month bid price and 3-month offer price hiked by US$13.5 per tonne or 0.60 per cent to settle at US$2,237.50 per tonne and US$2,238.50 per tonne. December 24 bid price and December 24 offer price grew by US$17 per tonne to clock at US$2,375 per tonne and US$2,380 per tonne. LME aluminium opening stock halted at...
On Thursday, September 21, A00 aluminium ingot inventories in China settled at 522,000 tonnes, registering a week-on-week growth of 3,000 tonnes from 519,000 tonnes, found the Shanghai Metals Market data. However, from Monday, September 18, aluminium ingot inventories dwindled by 7,000 tonnes from 229,000 tonnes. The week-on-week growth, primarily contributed by Shanghai and Wuxi could be attributed to no significant demand from downstream pre-holidaying stockpiling and limited cargo pickup from warehouses in South & East China. To know the status of primary aluminium inventories across China as of September 21, refer to the chart below: In Shanghai, primary aluminium inventories on September 21 witnessed a hike of 10,000 tonnes W-o-W to stand at 58,000 tonnes, followed by the rise of...
Epsilon Carbon Pvt. Ltd., a prominent player in India's specialty carbon product manufacturing sector, achieved a significant milestone. They proudly became the first Indian company to venture into the export of liquid coal tar pitch, with an impressive initial consignment of 8,000 tonnes departing from Mangalore port. This achievement was realised through a strategic partnership with Anagha Refineries, a state-of-the-art oil refinery committed to adhering to global standards encompassing safety, quality, distribution, and operational excellence, which facilitated the establishment of dedicated liquid pitch tanks with a capacity of 10,000 tonnes. This shipment serves as a testament to Epsilon Carbon's unwavering commitment to delivering top-tier products from their Integrated Carbon...
According to Oleg Deripaska, a prominent Russian oligarch, Russia has managed to withstand Western sanctions imposed in response to its invasion of Ukraine. Despite expecting the country to struggle financially due to the war, Deripaska expressed surprise at Russia's resilience. He attributed this to the nation's ability to forge new trade connections with the global south and increase investment in domestic production. These measures allowed Moscow to overcome the efforts to isolate its economy and continue to thrive. The private sector turned out to be stronger than ever just some months back, the Russian oligarch claims in astonishment. Deripaska exclaimed: "I was surprised that private business would be so flexible. I was more or less sure that up to 30 per cent of the economy would...
Hydro Energi has entered into a long-term power purchase agreement (PPA) with Alpiq, involving the comprehensive supply of 1.18 terawatt-hours (TWh) of energy for the duration spanning from 2024 to 2032. The Power Purchase Agreement (PPA) will be incorporated into Hydro's power portfolio in Norway, encompassing captive power generation of 9.4 TWh annually and a contract portfolio of around 10 TWh with long-term commitments. The utilisation of renewable energy sources and advanced technological infrastructure empowers Hydro to engage in aluminium production in Norway, resulting in a significantly reduced carbon footprint of around 75 per cent compared to the worldwide average. Maintaining long-term power purchase agreements at competitive pricing is paramount for Hydro's sustained...
