Net sales of National Aluminium Company Limited (NALCO) rose 26.2 per cent year-on-year to INR 53.80 billion (USD 567 million) in Q2 FY2026-27, compared with INR 42.6 billion (USD 449 million) in the same quarter last year. The company is set to discuss its unaudited results for the quarter and half-year ended September 30, 2026, during an earnings call scheduled for November 3. NALCO’s total income reached INR 56.7 billion (USD 598 million) in Q2 FY27, an increase of 27.5 per cent year on year. Operating expenses stood at INR 30.1 billion (USD 37 million), while earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to INR 26.6 billion (USD 280 million). Net sales in the preceding quarter, Q1 FY27, were INR 52.7 billion (USD 556 million). Explore the production,...
Aluminum Corporation of China Limited (CHALCO) reported a sharp increase in profitability in the third quarter of 2026, supported by cost controls and stable margins at its Yunnan aluminium operations. However, the company's alumina business continued to face pressure from higher bauxite and freight costs, highlighting the contrasting performance of its two major product segments. According to CHALCO's third-quarter report released on October 29, 2026, total profit increased 66.08 per cent year on year to RMB 12.50 billion (USD 1.88 billion) in Q3 2026, compared with RMB 7.53 billion (USD 1.13 billion) in the corresponding quarter of 2025. Net profit attributable to shareholders of the listed company rose 59.10 per cent to RMB 6.04 billion (USD 909 million), against RMB 3.80 billion (USD...
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According to the Shanghai Metals Market, primary aluminium inventories in China have decreased this week by 34,000 tonnes or 11 per cent across eight major consumption areas, including SHFE warrants. Thus, compared to 1.02 million tonnes last Thursday, April 21, primary aluminium inventories have come in at 987,000 tonnes as of April 28. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have decreased by 25,000 tonnes week-on-week to 490,000 tonnes as delivery recovered in the region. Shipments from Wuxi were mainly delivered to surrounding areas. Gongyi received a very few due to tight truck transportation capacity and restricted cross-province transport. Gongyi’s primary aluminium...
According to a report released on Wednesday, April 27, Vedanta Aluminium has built up an Extended Reality (XR) experience zone to increase safety training for its employees and partners. The zone is comprised of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) technologies that will help the company conduct simulation-based training for an immersive, engaging and safe learning experience of the workforce. This initiative reflects Vedanta’s enthusiasm in remodelling its business with advanced digital solutions, intelligent automation and in-house innovations to improve manufacturing efficiency and excellence. Other advanced technologies deployed by Vedanta Aluminium for safety excellence are: Deep Learning algorithms and sophisticated modelling techniques that help the...
LME aluminium opened at US$3,071.5 per tonne on Wednesday and closed at US$3,116 per tonne, an increase of US$36 per tonne or 1.17 per cent. On 27 th April, the LME aluminium cash bid price stood at US$3,099 per tonne, with a 0.10 per cent or US$3 per tonne decline. LME aluminium official settlement price halted at US$3,100 per tonne, falling 0.08 per cent or US$2.5 per tonne. 3-month bid price stopped at US$3,115 per tonne, losing 0.06 per cent or US$2 per tonne. The 3-month offer price came in at US$3,117 per tonne, dropping US$1 per tonne or 0.03 per cent. On the same day, December 23 bid price and December 23 offer price settled at US$2,998 per tonne and US$3,003 per tonne, respectively, both with a 0.27 per cent or US$8 per tonne hike. LME aluminium opening stock continued to...
The initial aluminium smelter in the Middle East region, which commenced its journey with a production of 120,000 tonnes per annum in 1971, Aluminium Bahrain B.S.C. (Alba), at present, is the world’s largest single-site aluminium smelter ex-China has evolved as the first Bahraini Company to have successfully achieved sustainability-linked refinancing for its US$1,247,475,000 syndicated loan facility in connection to the Line 6 Expansion Project. The US$1,247,475,000 senior-unsecured Conventional and Islamic Facility carries an interest margin of 235 basis points per annum over the sum of the Secured Overnight Financing Rate (SOFR) and the Credit Adjustment Spread (CAS). However, this new facility comes up with an 8-year tenor and the principal amount will be repaid in 16 semi-annual...
The heightened demand for heavy industry products has instigated Coates Industrial Solutions from Australia to release a white paper on how companies might address the resource question, keeping safety and performance in mind during planned shutdowns and maintenance events. During the above mentioned period, businesses certainly go through a few open challenges but first, there is the need to improve operational efficiencies and site safety with fewer resources and a broader skills gap. The Covid pandemic adds to the situation making it one of the toughest times in the history of mankind. After examining these pain points, the white paper titled, ‘ Mining for efficiency in the heavy industry’ serves businesses with data on how to address them. The prime advocacy consists of: · Experienced...
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The Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba), Ali Al Baqali rolled out the company’s approved Environment, Social and Governance (ESG) Roadmap by the Board of Directors, to underline the company’s strong commitment to Bahrain’s, an island country in Western Asia towards the objective of ‘Net Zero Emissions by 2060’ under the leadership of HRH the Crown Prince and Prime Minister of Bahrain as well as the United Nations Sustainable Development Goals (SDGs). On 27 th April 2022, the first aluminium smelter in the Middle East region, Alba’s CEO held a presentation on the company’s ESG Roadmap in a hybrid format -- both in-person and via the virtual platform. It was attended by Company’s Executives, Directors, and Management team as well as numerous employees and contractors’...
In March 2022, primary aluminium production in Russia & Eastern Europe stood at 350,000 tonnes, reflecting a month-on-month hike of 11.46 per cent from 314,000 tonnes. However, in February, the output was down by 10.03 per cent or 35,000 tonnes month-on-month from 349,000 tonnes. On a year-on-year calculation, Russia & Eastern Europe’s primary aluminium production in March 2022 stood down by only 3,000 tonnes from 353,000 tonnes. In Q1 2022 ended March 31, primary aluminium production in Russia & Eastern Europe totalled 1.013 million tonnes – 2.78 per cent less than 1.042 million tonnes in Q4 2021. On a year-on-year basis, the output registered a drop of 1.17 per cent from 1.025 million tonnes. In the entire year 2021, primary aluminium production in Russia & Eastern Europe amounted to...
LME aluminium opened at US$3,087per tonne on Tuesday and closed at US$3,080 per tonne, down US$2 per tonne or 0.06 per cent. On 26 th April, the LME aluminium cash bid price stood at US$3,102 per tonne, increasing by 0.42 per cent or US$13 per tonne. LME aluminium official settlement price halted at US$3,102.50 per tonne, rising by 0.40 per cent or US$12.50 per tonne. 3-month bid price stopped at US$3,117 per tonne, taking a leap of 0.45 per cent or US$14 per tonne. The 3-month offer price came in at US$3,118 per tonne, gaining US$13 per tonne or 0.42 per cent. On the same day, December 23 bid price and December 23 offer price settled at US$2,990 per tonne and US$2,995 per tonne, respectively, both with a 0.84 per cent or US$25 per tonne hike. LME aluminium opening stock continued to...
The report has turned out that French police officials have raided the Sanjeev Gupta’s GFG Alliance Paris offices and a previously owned aluminium manufacturing unit in a widening of a criminal investigation into the metal tycoon’s establishment. In 2021, the Paris Prosecutor’s Office rolled out an investigation into Sanjeev Gupta’s business operations in France over a claim for the “misuse of corporate assets” and “money laundering”, reduplicating a separate probe by the Serious Fraud Office (SFO), a non-ministerial government department of the Government of the United Kingdom that investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland. The CEO and Founder of GFG Alliance, Sanjeev Gupta, who once was complemented by the politicians as...
On Tuesday, April 26, CME group, the world’s biggest derivatives marketplace announced that it will debut an option contract on its physically-delivered aluminium features on May 23. The new aluminium option contract will be listed on COMEX and will be governed by its regulations. "Our new option contract is the latest example of CME Group's decade-long track record of helping the aluminum community to manage risk as their needs evolve. Clients are increasingly turning to our Aluminum markets, with a record 4,888 Aluminum futures contracts traded on April 19 and average daily volume in April currently around 1,300 contracts, up over 100% from last year. We look forward to continuing to work with our clients and the industry to provide enhanced solutions across this important global...
LME aluminium opened at US$3,230 per tonne on Monday and closed at US$3,082 per tonne, down US$162.5per tonne or 5.01 per cent. On 25 th April, LME aluminium cash bid price stood at US$3,089 per tonne, facing a 4.76 per cent or US$154.50 per tonne decline, while LME aluminium official settlement price halted at US$3,090, plunging down 4.75 per cent or US$154 per tonne. 3-month bid price stood at US$3,103 per tonne, plummeting 4.79 per cent or US$156, and 3-month offer price came in at US$3,105 per tonne, losing US$156 per tonne or 4.78 per cent. On the same day, December 23 bid price and December 23 offer price settled at US$2,965 per tonne and US$2,970 per tonne, respectively, both with a 3.88 per cent or US$120 fall. LME aluminium opening stock continued to decrease by 0.33 per cent or...
ICSOBA, the International Committee for Study of Bauxite, Alumina & Aluminium, has announced the 40th International Conference and Exhibition ICSOBA 2022. The five-day event, scheduled from 10th to 14th of October will take place in Athens, Greece, in association with Mytilineos as the host sponsor. ICSOBA, with the vision and commitment to serve the entire value chain of aluminium, has also partnered with other conference such as the 4th International Bauxite Residue Valorisation and Best Practices Conference (BR2022) and the Final RemovAL Cross-Fertilisation Conference. Hence, the event will host sessions on bauxite, alumina, as well as aluminium production. To expand the offerings of knowledge, ICSOBA also proposes a plant tour of Aluminium of Greece, Agios Nikolaos complex, which...
According to a recent report, Emirates Global Aluminium, the largest industrial company outside oil and gas in the UAE, has agreed to a revolving credit facility tied to the Term Secured Overnight Funding Rate (SOFR).It will provide EGA an access to $137.5 million, with a term extended by 12 months. SOFR is a benchmark interest for dollar-denominated derivatives and loans that replace the London interbank offered rate (LIBOR). EGA is one of the first in the Middle East to agree to conduct transactions through syndicated corporate credit facilities in accordance with Term SOFR as the benchmark pricing, using the Chicago Mercantile Exchange SOFR forward rate. SOFR offers a benchmark interest rate based on data from observable transactions, while LIBOR relies on disclosures from selected...
LME aluminium opened at US$3,301 per tonne last Friday and closed at US$3,244.5 per tonne, down US$58 per tonne or 1.76 per cent. On 22nd April, LME aluminium cash bid price stood at US$3,243.50 per tonne, facing a 0.54 per cent or US$17.50 decline, while LME aluminium official settlement price halted at US$3,244, falling by 0.55 per cent or US$18. 3-month bid price stood at US$3,259 per tonne, going down by 0.49 per cent or US$16, and 3-month offer price came in at US$3,261 per tonne, losing US$15 per tonne or 0.46 per cent. On the same day, December 23 bid price and December 23 offer price settled at US$3,085 per tonne at US$3,090 per tonne, respectively, both with a 1.28 per cent or US$40 fall. LME aluminium opening stock continued to decrease by 0.63 per cent or 3,725 tonnes from...
The primary aluminium industry has witnessed a rise in LME aluminium by $US$39.5 per tonne on 21 st April 2022 and closed at US$3,302.5 per tonne. The Indian aluminium major, Nalco increased its aluminium ingot price by INR2100/t on April 21to sell it at INR 282,650-286,150 per tonne. The picture remains quite clear for the global aluminium industry, as the demand for aluminium is ascending, while the supply seems to have a glitch. The geopolitical factors, the gas supply shortage and the rise in energy prices, supply disruptions putting a hold on raw materials and the return of Covid in China is driving the industry’s situation to complex. Aluminium is a heavily required commodity now due to its sustainable nature and the automotive, construction and packing sector are gradually shifting...
On 21 st April 2022, the High Court of Odisha directed the Indian Railways to allocate rakes for the carriage of coal to the Indian state-owned integrated aluminium company Nalco. According to a report it was stated that Nalco is countering the coal shortage challenge and Odisha Govt. will find a solution to resolve it. In an interim order, the High Court directed the East Coast Railways (ECoR) to take into consideration of four rakes allotments every day with the greatest importance to transport coal from Mahanadi Coalfields’ (MCL) Bharatpur mines to NALCO’s plant at Angul and if such a request is made by the aluminium producer. The Central PSU officer’s body, Nalco Officers’ Association has proceeded to the HC seeking endeavouring a direction since the smelter is facing a high dearth of...
Vedanta Limited cut its aluminium ingot and aluminium products prices, with effect from Thursday April 21, soon after it raised the prices on the previous day. With effect from April 21, the company reduced its aluminium ingot price by INR 5,500 per tonne or 1.90 per cent to INR 283,250-330,750 per tonne. On April 20, Vedanta’s aluminium ingot price hovered around INR 283,250-330,750 per tonne, seeing an increase of INR 6,500 per tonne. Vedanta’s aluminium wire rod price came in at INR 290,750-298,250 per tonne on April 21, down by INR 5,500 per tonne from INR 296,250-303,750 per tonne on April 20. Aluminium billet price saw no exception but a slash of INR 5,500 per tonne on April 21 to INR 291,250 per tonne. Vedanta Limited links its aluminium products and aluminium ingot prices to the...
The LME aluminium benchmark price resumed from the Easter Holiday on Tuesday, April 19, with a growth of 2 per cent. LME aluminium cash bid price and LME aluminium official settlement price grew by 2.25 per cent and 2.30 per cent on April 19 to settle at RMB 3,310 per tonne and RMB 3,312 per tonne, respectively, in comparison with the prices on Thursday, April 14. On Wednesday, April 20, the prices recorded a plunge of US$71 per tonne and US$72 per tonne to stand at US$3,239 per tonne and USS$3,240 per tonne, following which on Thursday, April 21, both LME aluminium cash bid price and LME aluminium official settlement price rose by US$22 per tonne to rest at US$3,261 per tonne and US$3,262 per tonne. On Friday, April 22, the prices slipped again to close the week at US$3,243.50 per tonne...
