Guinea’s ambition to move beyond bauxite exports into alumina refining and aluminium smelting is running into a major electricity constraint. Producing about 1,000 MW of power at present, it needs another estimated 5,000–10,000 MW for industrialisation. While new alumina refineries could expand intermediate supply, the shortage of reliable electricity is likely to delay additional aluminium production capacity beyond 2030. The challenge emerges as aluminium traded at USD 3,008.5 per tonne, down 8.77 per cent over the month but up 8.43 per cent year on year. Guinea mined an estimated 150 million tonnes of bauxite in 2025, accounting for 34 per cent of global output of 440 million tonnes. Yet it produced only 360,000 tonnes of alumina, or 0.24 per cent of worldwide production of 150 million...
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'...
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The London Metal Exchange (LME) aluminium price chart posted a modest recovery on the July 20 session after declining on the July 19 trading session . While the pricing segments improved, the three-month benchmark and the inventories declined. The LME aluminium cash bid expanded 0.1 per cent day-on-day on July 20, rising to USD 3,155 per tonne from USD 3,152 per tonne. The offer shifted to USD 3,156 per tonne from USD 3,154 per tonne, representing a 0.06 per cent gain. 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 as well as offer prices reported modest improvements by 0.03 per cent on July 20. As the bid moved to USD 3,147 per tonne...
Shares of Aluminum Corporation of China (Chalco) rose on Monday after its controlling shareholder, Aluminum Corporation of China (Chinalco), announced plans to increase its stake in the state-owned aluminium producer by up to USD 300 million (CNY 2 billion), reflecting confidence in the company's future development and long-term investment value. By 04:58 GMT, Chalco's Shanghai-listed shares had gained 6.4 per cent to CNY 8.98, while its Hong Kong-listed shares were up 4.2 per cent at HKD 7.93. According to a company filing, Chinalco and parties acting in concert intend to purchase between CNY 1 billion (USD 147.6 million) and CNY 2 billion (USD 295 million) worth of Chalco's A- and H-shares over the next 12 months through the Shanghai and Hong Kong stock exchanges. Explore: The most...
Alcoa Corporation has reported its strongest quarterly revenue to date, backed by the successful restart of capacity at its Portland aluminium smelter in Victoria, Australia, higher aluminium prices and increased shipments. The second quarter (Q2) also marked a milestone with Alcoa’s acquisition of South32 's bauxite, alumina and aluminium assets, consisting of the Worsley Alumina operation in Western Australia. Commenting on the quarter, Alcoa President and Chief Executive Officer William Oplinger stated, "During the second quarter, in addition to delivering strong financial results that captured favourable aluminium prices, our team executed on strategic initiatives, most notably the announced agreement with South32." Explore the relevance of red mud in the sustainable aluminium...
The Aluminium Association of India (AAI) has urged the Ministry of Finance to strengthen safeguards for the domestic aluminium industry, citing shrinking export markets, rising imports and increasing global competition. In a representation to the Central Board of Indirect Taxes and Customs (CBIC), the association pointed to higher US tariffs, growing protectionism in Mexico, Indonesia's aluminium capacity expansion, Russian dumping and rising imports of low-quality aluminium scrap and aluminium products from Gulf and ASEAN countries as key challenges facing the sector. The association said India should adopt quality standards for aluminium scrap similar to those followed by major global markets, where only high-quality scrap is accepted for imports. It added that a calibrated customs duty...
The London Metal Exchange (LME) aluminium prices eased on July 17, as cash prices, futures contracts and longer-dated contracts all moved lower from the previous session. LME aluminium inventories also continued to fall, while the Platts alumina price recorded an increase. On July 17, the LME aluminium cash bid price fell from USD 3,169 per tonne to USD 3,152 per tonne, down 0.54 per cent. The cash offer price also declined from USD 3,170 per tonne to USD 3,154 per tonne, a decrease of 0.50 per cent. The LME aluminium three-month contract also weakened. The bid price dropped from USD 3,166 per tonne to USD 3,146 per tonne , while the offer price fell from USD 3,166.5 per tonne to USD 3,146 per tonne, representing declines of 0.63 per cent and 0.65 per cent, respectively. The December 2027...
The London Metal Exchange (LME) aluminium prices eased on July 17, as cash prices, futures contracts and longer-dated contracts all moved lower from the previous session. LME aluminium inventories also continued to fall, while the Platts alumina price recorded an increase. On July 17, the LME aluminium cash bid price fell from USD 3,169 per tonne to USD 3,152 per tonne, down 0.54 per cent. The cash offer price also declined from USD 3,170 per tonne to USD 3,154 per tonne, a decrease of 0.50 per cent. The LME aluminium three-month contract also weakened. The bid price dropped from USD 3,166 per tonne to USD 3,146 per tonne , while the offer price fell from USD 3,166.5 per tonne to USD 3,146.5 per tonne, representing declines of 0.63 per cent in both cases. The December 2027 bid price...
CRISIL Ratings has upgraded the credit ratings of Vedanta Ltd, Vedanta Aluminium Metal Ltd and Vedanta Oil and Gas Ltd following the group's demerger, citing stronger business and financial risk profiles across the three companies. Vedanta Ltd's long-term rating was upgraded to CRISIL AA+/Stable from CRISIL AA/Watch Developing, while its short-term rating was reaffirmed at CRISIL A1+. The rating agency also assigned a CRISIL AA+/Stable rating to the company's non-convertible debentures. According to CRISIL, Hindustan Zinc Ltd (HZL) will continue to be fully consolidated with Vedanta because of the strong strategic, operational and financial integration between the two companies. HZL contributed more than 95 per cent of Vedanta's earnings in fiscal 2026 on a post-demerger basis, supported...
When aluminium prices moved this year, demand was not always the driving force. Sometimes the catalyst was a Guinean bauxite export terminal. At other times, it was a power contract in South Africa, tensions in the Strait of Hormuz. Taken together, these developments reflected a broader shift in the upstream aluminium industry. Geopolitics, government policy and supply-chain resilience are increasingly shaping raw material flows, investment decisions and long-term market strategy. Strait of Hormuz disruption reshaped trade The Middle East conflict highlighted the vulnerability of the aluminium supply chain to maritime disruptions. Tensions in the Strait of Hormuz caused higher freight costs, rising war-risk insurance premiums and shipping uncertainty disrupted bauxite movements into the...
Saudi Arabian Mining Company (Maaden) has signed a strategic delivery agreement with Canadian engineering firm Hatch to support the development and execution of its future mining and metals projects. Under the agreement, Hatch will serve as Maaden's delivery partner for its project pipeline, providing engineering and project delivery support across upcoming developments. The agreement was signed in the presence of Canadian Prime Minister Mark Carney, Saudi Arabia's Minister of Investment Fahad bin Abduljalil Al-Saif, Hatch Vice-chair Joe Lombard, Maaden Senior Vice President of Project Development and Engineering Abdulrahman As-Sadlan, along with senior government officials from both Canada and Saudi Arabia. Hatch has worked with Maaden in Saudi Arabia for more than 30 years, delivering...
London Metal Exchange (LME) aluminium warehouse inventories have almost halved in 2026. Warehouse stocks fell from 440,650 tonnes in January to 246,600 tonnes by June, a decline of nearly 45 per cent. At first glance, that simply looks like metal leaving exchange warehouses. But look closer and the picture becomes far more intriguing. Russian-origin aluminium now accounts for almost 95 per cent of the metal remaining on LME warrant, while Indian inventories have repeatedly entered and exited the exchange. So what exactly is happening? The answer lies in two completely different stories unfolding inside the same warehouse system. One warehouse, two very different inventory trends The decline in total LME inventories tells only part of the story. A closer look at the data shows that Russia...
The Federation of All India Aluminium Utensils Manufacturers (FAIAUM) and the Cable and Conductor Manufacturers Association of India (CACMAI) requested the Ministry of Mines to reduce the effective Customs duty on primary aluminium imports. They cited concerns regarding the current tariff structure, which is increasing raw material costs and affecting the competitiveness of micro, small and medium enterprises (MSMEs). The industry bodies submitted a joint representation on July 14, urging the Ministry for an immediate rationalisation of the effective 8.25 per cent import duty on primary aluminium. Explore: The most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Report India's aluminium tariff...
The London Metal Exchange (LME) aluminium prices made a modest recovery on July 16. Cash price and futures contracts improved over the previous session’s figures, while the continued decline of opening stocks indicated market volatility. On July 16, the LME aluminium cash bid price edged up from USD 3,153 per tonne to USD 3,169 per tonne, reporting a 0.51 per cent improvement. The offer price moved from USD 3,153.5 per tonne to USD 3,170 per tonne, rising by 0.52 per cent. 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 The LME aluminium three-month contract bid as well as offer prices surged 0.51 per cent. While the bid moved from USD 3,150 per...
The European Commission has submitted an extensive list of export products to the United States, seeking lower import tariffs or full exemptions as both the European Union and the US continue implementing the Turnberry trade agreement reached last summer. Under the Turnberry tariff deal, EU eliminated its remaining tariffs on US industrial goods from July 1, while the US would maintain a 15 per cent tariff ceiling on most European exports. 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 The Turnberry agreement framework also allows the European Commission to suspend tariff preferences if the US continues to impose duties exceeding 15 per cent on...
Aditya Birla Group company Hindalco Industries is expected to remain in focus after Kotak Institutional Equities raised its recommendation on the company by two notches. It has shifted from 'Reduce' to 'Buy', highlighting improvement in earnings visibility with a more attractive valuation after the recent correction in the stock . Kotak has also made a slight revision of its target price to INR 1,120 (USD 11.63) per share from INR 1,100 (USD 11.42), implying an upside potential of 17 per cent (approx.) from the current market price. 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 Kotak believes several growth catalysts are coming together for the...
Imagine it is the final trading week of December 2031. A cargo vessel loaded with Guinean bauxite is approaching a Chinese port after weeks at sea. An aluminium smelter in the Middle East is preparing to price its next monthly shipment to an automotive customer in Europe. A commodity trader in Singapore is rolling forward a hedge linked to the London Metal Exchange (LME), while a bank in London is calculating the value of aluminium inventories pledged as collateral under a trade finance facility. Thousands of kilometres apart, these activities appear unrelated. Yet they all depend on one common factor: whether the LME is open for business. To many outside the metals industry, the LME’s trading calendar is simply a schedule of exchange holidays and trading days. However, for aluminium...
London Metal Exchange (LME) aluminium prices edged lower on July 15 compared with the previous trading day, while exchange inventories also registered a decline. The LME aluminium cash bid price stood at USD 3,153 per tonne on July 15, down 0.50 per cent from USD 3,169 per tonne on July 14. The cash offer price fell to USD 3,153.5 per tonne from USD 3,171 per tonne, a decline of 0.55 per cent. The LME aluminium three-month bid price eased to USD 3,150 per tonne on July 15 from USD 3,167 per tonne on July 14, marking a 0.54 per cent decrease. The three-month offer price also slipped 0.54 per cent, from USD 3,167.5 per tonne to USD 3,150.5 per tonne. Further along the forward curve, the December 2027 bid price declined to USD 3,085 per tonne from USD 3,103 per tonne, down 0.58 per cent. The...
The London Metal Exchange (LME) aluminium price continued to improve on July 14, following the trend of the July 13 trading session . The cash gained nearly 1 per cent as stocks recorded a consistent decline. The LME aluminium cash bid price gained 0.99 per cent day-on-day, up from USD 3,138 per tonne to USD 3,169 per tonne. The offer price edged up from USD 3,138.5 per tonne to USD 3,171 per tonne, rising by 1.04 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook On July 14, the LME aluminium three-month bid price climbed from USD 3,145 per tonne on July 13 to USD 3,167 per tonne, marking a 0.7 per cent surge. The offer price recorded an improvement of 0.65 per...
Aluminium prices rose 0.40 per cent to settle at INR 339.80 (USD 3.57), supported by ongoing supply concerns and declining inventories on major metal exchanges. Inventories in London Metal Exchange (LME) warehouses remained at their lowest level since 2022, while stocks on the Shanghai Futures Exchange (SHFE) fell 4.8 per cent, reflecting continued demand for physical aluminium. Market sentiment was also influenced by renewed geopolitical concerns after fresh US strikes on Iranian targets, raising the possibility of supply disruptions through the Strait of Hormuz, a key shipping route for aluminium exports from the Gulf region. However, expectations of improving regional supply and easing tensions in the Middle East limited further price gains. On the supply side, Emirates Global...
