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'...
Grow with
AL Circle
Vedanta Aluminium was seen as the “crown jewel” of Anil Agarwal’s Vedanta demerger. But less than a month after listing, it has become the weakest performer among the four newly listed entities. Since its June 15 debut, the stock has fallen 12 per cent from its listing price of INR 527, wiping out more than INR 250 billion in investor wealth. Its demerged siblings have moved in the opposite direction. Vedanta Power has gained 9 per cent from its listing price of INR 42, Vedanta Iron & Steel has surged 84 per cent from INR 22, and Vedanta Oil & Gas has risen 10 per cent from INR 39. The divergence raises a key question: why is Vedanta Aluminium struggling when brokerages remain positive on its longer-term outlook? Aluminium price correction weighs on the stock The fall in Vedanta Aluminium...
Canada’s merchandise trade surplus expanded to CAD 4.2 billion in May 2026, its strongest level in four years, as a sharp rise in unwrought aluminium and aluminium alloy exports helped lift the country’s overall outbound trade to a record high. According to the latest data from Statistics Canada, the trade surplus widened from CAD 3.4 billion in April, marking the country’s third consecutive month in positive territory. Total merchandise exports increased 0.9 per cent month-on-month to a record CAD 77.1 billion, while imports edged 0.2 per cent lower to CAD 72.9 billion. For the aluminium industry, May brought a particularly strong increase in overseas shipments. Exports of unwrought aluminium and aluminium alloys surged 50.7 per cent during the month, making the category the largest...
A proposed USD 4 billion primary aluminium smelter at the Port of Inola in northeastern Oklahoma is moving through technical studies and regulatory approvals, with developers aiming to begin construction in 2027. If completed, the project would become the first new primary aluminium smelter built in the United States in nearly 50 years and significantly expand the country's domestic aluminium production capacity. The project, known as Oklahoma Primary Aluminum, is being developed through a partnership between Emirates Global Aluminium (EGA) of the United Arab Emirates and Century Aluminum of the United States. Company officials said technical studies began in December last year and are continuing alongside engineering work and regulatory approvals. Project Director Ziad Fares said, "We...
The London Metal Exchange (LME) aluminium price chart showed improvement on the July 7 session. Gains were posted across all the pricing segments, barring the opening stocks and cancelled warrants, which continued to edge lower. On July 7, the cash bid reached USD 3,118 per tonne, up 0.44 per cent from USD 3,104.5 per tonne on July 6 . The offer price rose by 0.45 per cent to USD 3,119 per tonne from USD 3,105 per tonne. The LME three-month contract bid edged up to USD 3,126.5 per tonne , marking a 0.47 per cent gain over USD 3,112 per tonne. The offer, settling at USD 3,127.5 per tonne, also increased by 0.47 per cent from USD 3,113 per tonne. Explore the relevance of red mud in the sustainable aluminium industry in A Comprehensive Analysis of Bauxite Residue (Red Mud): Sustainability,...
The Egyptian government is aiming to increase the valuation of EgyptAlum by three to four times before deciding whether to sell a stake in the state-owned aluminium producer or transfer it to the Sovereign Fund of Egypt (SFE), according to a senior government official. The official said the decision has been deferred until the company advances a series of expansion projects and secures the necessary approvals, which are expected to enhance its market value. EgyptAlum, listed on the Egyptian Exchange (EGX), currently has a market capitalisation of approximately EGP 118 billion (USD 2.4 billion). Two options are being considered. The first involves reassessing the company's fair value before increasing its free float through either a strategic investor or a public offering. According to the...
Aluminium prices on the London Metal Exchange (LME) recovered at the close of the July 6 session. Moderate gains were reported across the pricing and contract segments, while the declining trend in inventory continued to persist. The LME aluminium cash bid price stood at USD 3,104.5 per tonne on July 6, up 0.81 per cent from USD 3,079.5 per tonne on July 3. The cash offer price also increased by 0.81 per cent to USD 3,105 per tonne from USD 3,080 per tonne. The LME aluminium three-month bid price rose by 0.84 per cent to USD 3,112 per tonne on July 6 from USD 3,086 per tonne on July 3. The three-month offer price increased by 0.84 per cent to USD 3,113 per tonne from USD 3,087 per tonne. In the longer-dated contracts, the December 2027 bid price stood at USD 3,048 per tonne on July 6, up...
The installed base of potlines is ageing, and the market is tight. LME aluminium touched a four-year high above USD 3,300 per tonne in early 2026, idle Western capacity is being studied for restart, and every controlled shutdown on the map is running under cost and schedule pressure. So teams plan these turnarounds around the outage: how many days the line is dark, how fast the relining crews move, when the last pot comes back on power. That is the wrong thing to optimise. The shutdown is the visible, biddable, schedulable part. It is also the easy part. The money is made or lost in the weeks and months after restart, on the ramp-up curve that most plans treat as an afterthought. I have seen turnarounds hit every outage milestone and still miss the year on production and on pot life. Here...
The high-profile Adani-IHC aluminium project will reportedly draw electricity from a 4,000 MW captive power plant and a green energy component of about 400 megawatts for running 4 million tonnes per annum of alumina, 2 million tonnes per annum of aluminium and 1 million tonnes per annum of downstream production. This entire project will be a 50:50 joint venture between Adani and Abu Dhabi-based International Holding Company (IHC). The USD 11.5 billion-worth project in Odisha is seen as a strategic step by Adani to expand its position into the commodity space after an investment in a USD 1.2 billion greenfield copper smelter and refinery in Gujarat. The investment in aluminium comes as India works to expand domestic aluminium production. India produced about 4.2 million tonnes of aluminium...
LME aluminium prices moved up across cash and three-month contracts on July 3, while exchange opening stocks declined from the previous trading day. Forward prices also strengthened, with live warrants remaining unchanged and cancelled warrants falling. The LME aluminium cash bid price stood at USD 3,079.5 per tonne on July 3, up 0.60 per cent from USD 3,061 per tonne on July 2. The cash offer price also increased by 0.60 per cent to USD 3,080 per tonne from USD 3,061.5 per tonne. Similarly, the LME aluminium three-month bid price rose by 0.70 per cent to USD 3,086 per tonne on July 3 from USD 3,064.5 per tonne on July 2. The three-month offer price increased by 0.72 per cent to USD 3,087 per tonne from USD 3,065 per tonne. For the December 2027 contract, the bid price stood at USD 3,022...
Vedanta Aluminium Metal Limited opened FY27 with higher output across key parts of its operations, as new smelter volumes and improved efficiency at existing lines supported aluminium production, while expansion-led gains drove a sharp increase in alumina output. For the quarter ended June 30, 2026, aluminium production reached a record 632,000 tonnes, up 5 per cent from 605,000 tonnes in Q1 FY26 and 3 per cent from 613,000 tonnes in Q4 FY26. The company attributed the increase to volumes from a new smelter and operational efficiency across existing lines. The production gains were accompanied by a stronger value-added mix. Value-added production rose to a record 389,000 tonnes, increasing 14 per cent from 342,000 tonnes a year earlier and 4 per cent from 373,000 tonnes in the preceding...
The memorandum of understanding (MoU) between India’s Adani Enterprises Limited (AEL) and the United Arab Emirates-based Abu International Resources Holding (IRH), through 2PointZero, to establish the USD 11.5 billion aluminium complex in Odisha has received a tentative project timeline of approximately 4-5 years. The project has been broken down into phases, viz., Phase 1 and Phase 2. The first would involve an investment worth INR 660 billion (USD 6.9 billion), and the latter, INR 440 billion (USD 4.6 billion). The planned integrated complex will consist of a 4 MTPA of alumina refining capacity, 2 MTPA of primary aluminium production, and 1 MTPA of downstream aluminium manufacturing capacity, making it Odisha's largest aluminium project. Unlock in-depth insights into the extrusion...
Some Japanese aluminium buyers have agreed to pay global producers a premium of USD 395 per tonne over the London Metal Exchange benchmark for July-September 2026 shipments, up 12–13 per cent from the previous quarter, according to industry sources. The premium compares with USD 350–353 per tonne paid for April-June deliveries and marks the third consecutive quarterly increase. It is also the highest since January-March 2015, when premiums touched USD 425 per tonne. Japan is a major aluminium importer in Asia, making its quarterly premium settlements an important reference for primary metal shipments. The premium is paid on top of the prevailing LME aluminium price. Another step up from Q2 The latest settlement extends a rise that was already evident in the second quarter. Japanese buyers...
Aluminium prices are likely to bottom or find a floor over the coming month before staging a recovery in the second half (H2) of 2026, according to a fresh market outlook from the global bank, Citigroup or Citi. Between September and December, aluminium is expected to trade in the range of USD 3,300-3,500 per tonne , supported by improving macroeconomic conditions as well as tightening market metrics. Citi’s positive outlook was backed by a more dovish US Federal Reserve, easing real rates, increasing demand and declining inventories measured in days of consumption. To learn about the autonomous furnace tending in aluminium cast houses from RIA Cast House Engineering, join the webinar Autonomous furnace tending in aluminium cast houses: Improving safety, productivity and yield The bank...
The ToZero (Towards Zero Waste in Aluminum BiW Manufacturing) project has demonstrated that recycled automotive aluminium scrap can be transformed into powder suitable for laser powder bed fusion (LPBF), supporting efforts to increase the use of recycled materials in additive manufacturing. Supported under Italy's Accordi per l'Innovazione programme, the project involved Valland, Politecnico di Torino, Politecnico di Bari and the Fontana Group, with Valland leading the additive manufacturing phase. The company developed LPBF processing parameters for recycled AA5083 aluminium powder and used the material to manufacture a structural automotive connection node known as the "Voletto". According to the project team, the recycled alloy was printed without hot cracking, while the finished...
The London Metal Exchange (LME) aluminium price graph has been consistently reporting a decline for nearly 10 days since the June 22 close. As the Middle East tensions come to a settled state, supply fears have clearly started to ease. Moreover, Emirates Global Aluminium (EGA) announced its ahead-of-schedule progress in restoring production at the Al Taweelah aluminium facility, which has already restarted 89 of its 1,262 reduction cells. This update, too, is expected to further drop aluminium prices as inventories are likely to be restocked before any major supply crunch. 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 July 2, the LME...
MQP will introduce its new Optifine 5:02 aluminium grain refiner at Aluminium China 2026, taking place from 8-10 July in Shanghai, as demand grows for cleaner aluminium used in aerospace and premium automotive applications. The company said the new grain refiner has been developed to meet increasing requirements for high-strength aluminium and superior surface quality, including applications requiring a mirror-like finish. Delegates attending the exhibition can learn more about the product at Stand 1C01. According to Matthew Piper, Technical Business Development Director at MQP, manufacturers are seeking grain refiners with significantly lower levels of inclusions, such as agglomerates and other local defects, to improve downstream processing and achieve higher-quality surface finishes....
In today's time, global aluminium producers are looking for ways to ramp up production while juggling fewer available resources. Rising expectations for output, stricter safety regulations, ongoing labour shortages, a heightened focus on product quality and the urgent need to boost operational efficiency without drastically increasing costs are creating significant challenges for producers across the industry. With just one week left until the webinar, AL Circle, together with RIA Cast House's Sales Director, Mark Bumford, invites aluminium industry professionals to join the webinar, " Autonomous furnace tending in aluminium cast houses: Improving safety, productivity and yield. " As the industry discussion shifts from whether automation should be adopted to where it can deliver the...
Vedanta Aluminium Metal Limited has appointed M/s S R B C & Co. LLP as its statutory auditor with immediate effect to fill a casual vacancy created by the resignation of its previous statutory auditors on June 12, 2026. The appointment was approved by the company's Board of Directors based on the recommendation of the Audit and Risk Management Committee. According to the company, the new auditor will hold office until the conclusion of the next annual general meeting. The Board approved the appointment at 8:15 pm IST on July 1, 2026, and the company disclosed the decision to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Explore: The most comprehensive and forward-looking industry-focused report –...
