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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LME aluminium opened at US$2,241.50 per tonne on Monday, with its high and low at US$2,241.50 per tonne and US$2,121.20 per tonne respectively before closing at US$2,234 per tonne, a decrease of US$17 per tonne or 0.76 per cent. On September 25, the LME aluminium live price chart witnessed downstream trend, with the LME aluminium cash bid price and the LME aluminium official price dropping US$17 per tonne or 0.77 per cent to officially close at US$2,182 per tonne and US$2,182.50 per tonne. If the LME aluminium price on August 25 is taken into account then we find a Month-on-Month increase of US$58.50 per tonne or 2.75 per cent in the official price. London Metal Exchange graph flaunted that the 3-month bid price and the 3-month offer price have both crunched by US$15 per tonne or 0.67 per...
Global aluminium business has witnessed significant changes over the past few years due to COVID mayhem, political instability, geopolitical crisis, surge in energy prices, worldwide economic slowdown, and rapid advancements. These include bauxite exploration in new countries and mines, a digital transition in aluminium smelting and a shift to renewable energy sources to reduce carbon emissions, a greater emphasis on aluminium recycling, the emergence of novel applications, and, perhaps most importantly, a strong commitment to sustainability. Aluminium has emerged as one of the most preferred metals in the industry. From primary to end users, the demand for the green metal has only grown with time, making it an indisputable choice for the industry. Aluminium's rise to prominence can be...
World primary aluminium production in August 2023 witnessed a marginal rise of 0.23 per cent month-on-month to reach 6.044 million tonnes, found the International Aluminium Institute survey. In July 2023, the output was recorded at 6.03 million tonnes, up by 5 per cent from 5.743 million tonnes in June. Going by the IAI data, world primary aluminium production grew in the past two months after a fall in June by 3.02 per cent from 5.922 million tonnes in May 2023. On a year-on-year basis, world primary aluminium production in August 2023 increased by 1.58 per cent from 5.950 million tonnes. World’s total production of primary aluminium in the first eight months of 2023 amounted to 46.538 million tonnes, up by 1.66 per cent from 45.780 million tonnes during the corresponding period of the...
Vedanta Aluminium, India’s leading aluminium producer, commemorated National Engineers Day with an assurance to foster a workforce of highly skilled engineers. On the special day, Vedanta celebrated its engineers’ unwavering commitment to operational excellence, technological innovation, and shaping up India’s industrial landscape. Vedanta Aluminium, with a diverse team of engineers, including chemical, computer, civil, electrical, mining, safety, and mechanical experts, constantly strive to innovate technologies and solutions within the domestic aluminium industry. They oversee the world’s largest aluminium smelting facilities in Jharsuguda, a world-class alumina refinery in Lanjigarh, and the iconic aluminium producer BALCO in Korba, Chattisgarh, with their top-notch technical skills....
The EU's Carbon Border Adjustment Mechanism (CBAM) is poised to significantly increase the costs of steel imports from countries such as India and China. Set to be introduced next month, this carbon scheme is expected to shift its attention to other metals, including aluminium. Starting in 2026, importers of steel products derived from iron ore will be obliged to cover the carbon emissions associated with their shipments. According to consultancy Wood Mackenzie, iron and steel account for nearly 6 per cent of the EU's total emissions, amounting to approximately 2.72 tonnes of carbon dioxide equivalent annually. Projections suggest that CBAM fees could raise the cost of steel arriving at EU ports by approximately 56 percent for India and 49 per cent for China by 2034. Given that China...
According to the statistics provided by Baichuan Yingfu, in August 2023, the electrolytic aluminium industry witnessed a capacity expansion of 47.2490 million tonnes, with a construction capacity of 42.799 million tonnes. The operating rate during this period was recorded at 90.58 per cent. China's primary aluminium production reached 3.6037 million tonnes, and the cumulative primary aluminium production from January to August amounted to 27.1104 million tonnes, reflecting a 2.62 per cent increase compared to the corresponding period last year. In early August, the Sichuan area saw a modest reduction in production capacity owing to the Universiade and power rationing. However, it is essential to note that the effect on production capacity was limited. Regarding the resumption of...
LME aluminium opened at US$2,222 per tonne last Friday and hit a high of US$2,250.5 per tonne before closing at US$2,250.5 per tonne, an increase of US$28.5 per tonne or 1.29 per cent. One of the main reasons for the price hike can be attributed to Indonesia's potential export ban on bauxite, which was supposed to go into effect on June 10 but is still likely to be enacted or postponed, constraining future supply. Furthermore, China, the world's largest consumer, has implemented many economic stimulus initiatives, bolstering spot market activity and downstream buyer demand for stock replenishment. The low inventory and electrolytic aluminium facilities maintaining low ingot casting output made the spot aluminium ingot supply unlikely to rise much in the short term and continued to sustain...
The world leader and innovator in producing raw materials critical to users of carbon products worldwide, including the aluminium sector, stated that the aluminium smelters could only meet their emissions targets with costly technological measures to deal with carbon anode emissions. Governments must incentivize such investments by putting a carbon price to encourage such investments. In a recent case study presented by Rain Carbon at a Global Coke and Carbon Conference in Seattle, Washington, it was revealed that carbon supply chain and emissions related to carbon processes accounted for over 50 per cent of the total emissions generated by a low-carbon aluminium smelter. Maia Hunt, the Technical Services Director of Rain Carbon, said, "Achieving net zero for primary aluminium will not be...
The primary aluminium sector has seen incredible activities this week, with the EU considering imposing surcharges on some imported products, which has caused concern from China. The EU's Carbon Border Adjustment Mechanism aims to protect European firms against cheap imports that do not follow environmental norms. However, this has raised problems, particularly in China, as it may result in price increases for China's major exports to the EU. China is advocating for collective discussions and international cooperation in accordance with WTO standards to address the issues posed by climate change. European industrial aluminium clients are facing a delay in supplying smelters for new contracts in 2024. The delay is caused by concerns about exceeding purchase requirements, as the demand for...
NALCO's profit margins have faced challenges attributable to increased input costs, the volatility of the business environment, and fluctuations in global demand and supply, as indicated by a company official. National Aluminium Company Ltd (NALCO) reported sales amounting to 14,171 crore INR and a net profit of 1,544 crore INR for the fiscal year 2022-23. During the same period, the prominent aluminium company accomplished an export turnover of 4,217 crore INR. However, it's worth noting that in the preceding financial year, 2021-22, NALCO achieved its highest-ever sales of 14,181 crore INR and recorded a net profit of 2,952 crore INR, according to the official's statements. The approval of the annual accounts for 2022-23 occurred during the company's 42nd annual general meeting, which...
LME aluminium opened at US$2,248 per tonne on Thursday, then reached its high at US$2248.5 per tonne and finally closed at US$2,222 per tonne, a decrease of US$32 per tonne or 1.42 per cent. On September 21, the LME aluminium live price chart experienced decreasing aluminium rates, with the LME aluminium cash bid price and the LME aluminium official price slumping by US$35 per tonne or 1.59 per cent and US$35.50 per tonne or 1.61 per cent to officially close at US$2,166 per tonne and US$2,166.50 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price have narrowed down by US$35 per tonne or 1.56 per cent to stop at US$2,211 per tonne and US$2,212 per tonne. The December 24 bid price and the December 24 official price have dropped by US$31...
Alcoa Corp., the largest producer of aluminium in the United States, has announced the appointment of Andrew Hastings, the former general counsel of Canada's Lundin Mining Corp., as its new Chief Legal Officer. Andrew Hastings decided to join Alcoa after stepping down from his position as the legal head of Lundin Mining Corp. in August. This decision coincided with Lundin's relocation of its headquarters from Toronto to Vancouver. Hastings had held the role of legal chief at Lundin since 2019. Hastings assumes the role previously held by Jeffrey Heeter, who had been set to retire on September 1, as reported in a securities filing made by Alcoa earlier this year. Heeter had been leading Alcoa's law department since November 2016, a period that marked Alcoa's separation into two publicly...
LME aluminium opened at US$2,219.5 per tonne on Tuesday, with its high and low at US$2,225 per tonne and US$2,205 per tonne, respectively, before closing at US$2,215.5 per tonne, a decrease of US$1.5 per tonne or 0.07 per cent. On Wednesday, September 20, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$27 per tonne or 1.24 per cent and US$27.5 per tonne or 1.26 per cent to close at US$2,201 per tonne and US$2,202 per tonne. The 3-month bid price and 3-month offer price grew by US$31 per tonne or 1.39 per cent and US$31.5 per tonne or 1.42 per cent to score at US$2,246 per tonne and US$2,247 per tonne. On the same day, the December 24 bid price and December 24 offer price ascended by US$26 per tonne or 1.10 per cent to peg at US$2,378 per tonne and...
On September 21, the Shanghai Metals Market witnessed mixed trends in aluminium prices all over China, with the SMM A00 aluminium ingot price augmenting by RMB 160 per tonne to officially close at RMB 19,650 per tonne. The average prices have ranged between RMB 19,630 per tonne and RMB 19,670 per tonne. If we consider the aluminium price on June 21, 2023, it can be witnessed that there has been a Quarter-on-Quarter spike of RMB 820 per tonne or 4.17 per cent to reach the level today. China’s eight major provinces all have experienced levitating aluminium prices, other than Shenyang, where the aluminium price shed RMB 10 per tonne to close at RMB 19,440 per tonne. In Tianjin, the aluminium A00 aluminium ingot price has increased the highest by RMB 190 per tonne to settle at RMB 19,670 per...
The European Union (EU) is considering levying surcharges on some imported products such as steel and cement. However, the People's Republic of China, a significant trading partner, has expressed concerns and wants the EU to double-check with World trading Organisation (WTO) global trade norms. According to experts, this might result in price increases for China's major exports to the EU, such as aluminium and steel. The EU's Carbon Border Adjustment Mechanism (CBAM) lies at the core of this trend. Its primary goal will be to protect European firms against super-cheap imports from nations that do not rigorously adhere to environmental norms. However, the concept has raised problems, particularly in China. According to He Yadong, a spokeswoman for China's trade ministry, several countries...
During the Inner Mongolia non-ferrous metal energy saving and carbon reduction technology exchange meeting on September 16, Zhang Guangsheng, the deputy director of the Industry and Information Department of the autonomous region, shared that the region's non-ferrous metal output had increased by 4.7 per cent year on year in the first seven months of this year, reaching 4.792 million tonnes and securing a second-place ranking in the country. On May 4 of the same year, the Department of Industry and Information Technology of the Autonomous Region released the “Implementation Plan for Peaking Carbon in the Industrial Sector of Inner Mongolia Autonomous Region.” This plan outlined the ambitious goal of achieving significant progress in the adjustment of industrial structure and energy use by...
LME aluminium opened at US$2,219.5 per tonne on Tuesday, with its high and low at US$2,225 per tonne and US$2,205 per tonne, respectively, before closing at US$2,215.5 per tonne, a decrease of US$1.5 per tonne or 0.07 per cent. The LME aluminium live price chart experienced elevating aluminium price trends on September 19, with the LME aluminium cash bid price and the LME aluminium official price gaining US$9.50 per tonne or 0.44 per cent to officially close at US$2,174 per tonne and US$2,174.50 per tonne. London Metal Exchange graph displayed that the 3-month bid price and the 3-month official price have heightened by US$10 per tonne or 0.45 per cent and US$9.50 per tonne or 0.43 per cent, respectively, to stop at US$2,215 per tonne and US$2,215.50 per tonne. The December 24 bid price...
According to regulatory filings, Glencore acquired just a fraction of the potential 6.9 million tonnes of aluminium it could purchase between 2020 and 2022 through its agreement with Russian aluminium giant Rusal. However, this contract may also be extended until 2025. The Swiss multinational commodity trading and mining company Glencore is facing pressure to cease its metal procurement from Rusal in light of the Ukraine-Russia geopolitical crisis. It had previously announced in the past year that it would refrain from entering into any new agreements for Russian materials. However, the company committed to honouring its existing contractual obligations. Early termination of the contract could potentially result in a significant increase in aluminium supply from Rusal, one of the world's...
