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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On 16 th April 2022, the Founder and Chairman of Vedanta Resources Limited, Anil Agarwal exclaimed for more deregulation in India’s defence sector and the corporatization of defence factories to develop the nation self-reliant in terms of arms and weapons production. India has 52 defence factories that produce weaponry and ammunition, while primarily they are functionalizing at the capacity of 10%, as reported by the Chairman. While speaking at the launch of a virtual postgraduate programme for executives in London, Anil Agarwal commented, “We (India) have the potential to become the world’s largest arms and ammunition producer. If defence manufacturers are corporatized, a new way of thinking will emerge.” He further stated that there is an immense expenditure in regards to the...
This week the world’s primary aluminium segment reflected sporadic yet crucial changes. LME aluminium benchmark price on Monday, April 11, had opened the week with a fall of 4.72 percent to register at US$3,234.50 per tonne. However, on Thursday, April 14, the price had inched up by 0.95 percent to score at 3,237.50 per tonne. Apart from this, SMM price had opened the week on Monday, April 11 with a plunge of RMB 570 per tonne, which however had gone up from RMB 20,850 on April 12, Tuesday, to RMB 21,730 per tonne on Friday, April 15. Alcoa Corporation had said on Thursday, April 14 that it had entered into a supply deal with Speira to offer low-carbon EcoLumTM aluminium. Also, Fortescue Future Industries, a worldwide green energy supplier, claimed that would no longer be a shortage of...
Aluar, the largest aluminium smelter in South America and Acindar, the only subsidiary of ArcelorMittal, has agreed to spend $140 million in the San Luis Norte wind farm in the southern province of Chubut alongside chemicals business Petroqumica Comodoro Rivadavia. Aluar will be investing US$130 million in its eponymous wind farm near Puerto Madryn to erect 18 4.5MW turbines. The fourth stage expansion, which is scheduled to start operating in December 2023, will boost the plant's capacity by 81 megawatts to 246 megawatts. The energy produced will be used to power Aluar's principal aluminium factory in Puerto Madryn, "anticipating and exceeding the requirement of the national regime to promote the use of renewable sources," said Aluar chairman Alberto Martinez Costa. Meanwhile, Genneia,...
On Thursday, April 14, China’s social inventories of primary aluminium dipped after two weekly hikes. The Shanghai Metals Market data showed the inventories dropped by 3,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to total 1.063 million tonnes. Last Thursday, April 7, the primary aluminium inventories stood at 1.066 million tonnes accumulating 25,000 tonnes over a week. However, compared to this Monday, April 11, China’s primary aluminium inventories grew by 2,000 tonnes. Inventories on Monday fell by 5,000 tonnes from Thursday to come in at 1.061 million tonnes, showed SMM. The chart below indicates the current status of primary aluminium invetories across China in more details: The decline in primary aluminium inventories on Thursday was mostly...
On Thursday, April 14, Alcoa Corporation announced that it entered into a supply agreement with Speira to provide low-carbon EcoLum™ aluminum. Speira is a global aluminium rolling and recycling company, consisting of seven manufacturing facilities and one R&D centre. It serves the automotive, packaging, printing, engineering, and building and construction industries. Alcoa’s EcoLum™ brand belongs to the company’s Sustana™ family of low-carbon products, the most comprehensive in the aluminium industry. Alcoa produces EcoLum at its hydroelectric-powered aluminum smelters. It emits no more than 4.0 tonnes of carbon for every tonne of metal produced, including both direct and indirect emissions (scope 1 and scope 2) across the entire production chain, including bauxite mining and alumina...
LME aluminium opened at US$3,257 per tonne on Thursday and closed at US$3,299 per tonne, down US$42 per tonne or 1.29 per cent. LME aluminium cash bid price stood at US$3,237 per tonne and LME aluminium official settlement price halted at US$3,237.50, gaining 1 per cent and 0.95 per cent respectively, if compared with the records of Wednesday. 3-month bid price of aluminium rose by US$27.50 per tonne or 0.85 per cent to rest at US$3,265 per tonne. 3-month offer price also faced the same percentage of hike to settle at US$3,266 per tonne. According to Thursday’s LME official price chart, December 23 bid price stood at US$3,130 per tonne and December23 offer price at US$3,135, both witnessing an elevation of 0.32 per cent or US$10. LME aluminium opening stock went low from 612,275 tonnes to...
Amid the projection of global aluminium demand growth by almost 40 per cent to 119.5 million tonnes at the end of 2030, Emirates Global Aluminium (EGA), which currently forms the biggest part of Dubal Holding's portfolio, is mulling to expand the midstream and downstream aluminium industry, such as auto-spare parts, according to Mr bin Fahad. He said EGA’s investment is proceeding on track with Dh4 billion waste-to-energy project. He further explained the project will convert 1.9 million tonnes of waste per year into renewable energy, which will generate 200 megawatts of electricity to feed local grid to help them accelerate aluminium production. The facility is likely to commence operations by 2024, and more such plants are planned for the rest of the country, said Mr Fahad. The projects...
On Tuesday the Supreme Court session commenced on a very serious allegation put down by Vedanta Ltd on National Aluminium Company Ltd (NALCO) the former pressing charges for non-compliance of the order dated January 14, 2020, due to which a three-judge bench allowed the plaintiff to bid for NALCO’s alumina tenders meant for export. The three-judge bench consisted of some of the renowned Justices of India like DY Chandrachud, AS Bopanna and V Ramasubramanian who were left focusing on issues such as NALCO paying no heed to LET Export Order even though Vedanta had provided the bill of export and certification of goods already admitted into the Special Economic Zones (SEZ) in India as per the provisions led by SEZ with special reference to Rule 30, carried on under the concerned SEZ...
During an international business awards to commemorate excellence across Europe, the Middle East and Africa, MQP, a British Firm which has attained more sustainable methods in manufacturing aluminium based products won the Most Innovative Company title. MQP masters in the art of blending aluminium grain refiner, a binding agent added to aluminium in the furnace to guarantee that sheet and billets to car roof panels and kitchen foil, do not open up in cracks. Television presenter and broadcaster Clare Balding OBE presented the Solihull based company with the award at the 2022 BizX Awards ceremony held at Farnborough International Exhibition and Conference Centre. The firm was singled out among the seventeen participants where it won completing with four other finalists. The firm won...
According to the Shanghai Metals Market, China’s aluminium production in March 2022 (31 days) stood at 3.315 million tonnes, 0.92 per cent less year-on-year. The daily average output was 106,900 tonnes, which also reflected a drop of 1000 tonnes on the year but 1,700 tonnes more than in the previous month. From January to March, China produced 9.465 million tonnes of aluminium in total, a decrease of 2.28 per cent year-on-year. In March 2022, many new capacities were put into operation, along with the resumption of suspended projects. In Yunnan and Guangxi, a total of 998,000 tonnes of new and resumed production capacity came into operation. Besides, domestic aluminium smelters faced no production cut in March. On the other hand, the conversion of aluminium liquid in some smelters was low...
LME aluminium opened at US$3,280 per tonne on Wednesday and closed at US$3,257 per tonne, down US$17 per tonne or 0.52 per cent. LME aluminium cash bid price stood at US$3,205 per tonne and LME aluminium official settlement price halted at US$3,207 loosing 0.28 per cent and 0.23 per cent respectively, if compared with the records of Tuesday. The 3-month bid price of aluminium also fell by US$6.50 per tonne or 0.20 per cent to rest at US$3,237.50 per tonne. 3-month offer price also faced the same percentage cut resting at US$3,238.50 per tonne. According to Wednesday’s LME official price chart, December 23 bid price stood at US$3,120 per tonne and December23 offer price at US$3,125, both witnessing a downward swing of 0.16 per cent or US$5. LME aluminium opening stock went high at the...
Vedanta Limited again chopped its aluminium ingot and aluminium products prices, with effect from Tuesday, April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot at INR 281,000-328,500 per tonne, down by INR 13,000 per tonne or 4 per cent from INR 294,000- 341,500 per tonne on April 9. Vedanta’s aluminium wire rod price also experienced a sharp cut of INR 13,000 per tonne on April 12 from INR 301,500- 309,000 per tonne on April 9 to INR 288,500-296,000 per tonne. Aluminium billet price is now hovering around INR 289,000 per tonne since April 12, also down by INR 13,000 per tonne or 4 per cent from INR 302,000 per tonne. Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of...
The global green energy provider, Fortescue Future Industries claimed there won’t be a scarcity of electricity anymore since green hydrogen power generation in Southland will increase and ultimately the need to raise household bills won’t appear. FFI leads their customers by developing a portfolio of renewable energy and green hydrogen projects. There is a worldwide urge to move towards both renewable and sustainable resources after the Paris concord was drawn in 2015 which specifically aimed at climate change. There is a running belief now that Tiwai Point aluminium smelter (NZAS) may not stop operating in 2024, though after all the means adopted by the agency it will still need vast amounts of power from the Manapouri Hydro station. Tiwai Point is the only aluminium smelter in New...
LME aluminium opened at US$3,250 per tonne on Tuesday and closed at $3,274 per tonne, an increase of $22.5 per tonne or 0.69 percent. On Tuesday, April 12, LME aluminium cash bid price closed at US$3,214 per tonne and LME aluminium official settlement price halted at US$3,214.50 per tonne. The former witnessed a slump of US$19.5 per tonne or 0.60 percent and the latter dropped by US$20 per tonne or 0.61 percent. 3-month bid price and 3-month offer price also slipped by 0.15 percent or US$5 per tonne and 0.18 percent or US$6 per tonne to record at US$3,244 per tonne and US$3,245 per tonne. On the other, December 23 bid price hiked by US$15 per tonne or 0.48 percent to score at US$3,125 per tonne. For the same day, December 23 offer price also surged by US$15 per tonne or 0.16 percent to...
The first aluminium smelter in the Middle East region, Aluminium Bahrain B.S.C. (Alba), recorded 1.561 million tonnes of aluminium production in 2021 has selected EtaPRO LLC to enhance the thermal performance of its power stations. EtaPRO LLC is a company with 3 decades of experience in developing technologies and deploying solutions to deliver customized asset optimization strategies. The leading asset condition and performance monitoring system provider EtaPRO© will provide a plant performance digital dashboard and measure plant degradation by using digital Industry 4.0 and artificial intelligence (AI) to enhance Alba’s asset reliability. Alba’s Chief Executive Officer Ali Al Baqali commented while speaking on the occasion, “We believe that Digital Transformation is a discipline rather...
National Aluminium Company Limited has further slashed its aluminium ingot and aluminium products prices since its last cut on April 1, 2022. With effect from Tuesday, April 12, NALCO has chopped its aluminium ingot price by INR 15,700 per tonne or 5.30 per cent to INR 280,550- 284,050 per tonne as against INR 296,250- 299,750 on April 1. NALCO has also reduced its aluminium wire rod price by INR 15,700 per tonne, with effect from April 12, from INR 298,750- 303,100 per tonne to INR 283,050- 287,400 per tonne. Aluminium billets price has experienced no exception but a cut of INR 15,700 per tonne as well from INR 299,700- 301,200 per tonne to INR 284,000- 286,650 per tonne. NALCO links its aluminium ingot and aluminium products prices to the three-month future price of aluminium on the...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has hiked by RMB 210 per tonne to stand above RMB 21,000 per tonne on Wednesday, April 13. SMM data has found that the price has come in at RMB 21,060 per tonne, with average prices likely to range between RMB 21,040 per tonne and RMB 21,080 per tonne. The spot contract is likely to be traded at a premium price of RMB 60-20 per tonne. In Foshan and Chongqing, A00 aluminium ingot price has surged by RMB 230 per tonne and RMB 225 per tonne, respectively, to RMB 21,734 per tonne and RMB 21,110 per tonne, while the price in Gongyi, Hangzhou, and Shenyang has increased by RMB 210 per tonne to stand at RMB 21,050 per tonne, RMB 21,130 per tonne, and RMB 21,110 per tonne. In Wuxi, Linyi, and Tianjin, primary aluminium...
The Australian primary aluminium producer, Tomago Aluminium has deployed on work a robot dog named ‘Spot’ with more advanced technology. The introduction of Spot in Tomago makes it Australia’s first aluminium smelter to trial the new AI technology, with impromptu demonstrations to showcase its unbelievable capabilities. The price of Spot comes around with a cost of US$200,000 each and weighs a little over 32 kilograms. This is one of the newest developments in the field of robotics which has unimaginable agility and can navigate all types of landscapes with extraordinary mobility, carrying out day to day inspections in the most inaccessible places. Michelle Whyte, the Business Improvement Superintendent, “Using Spot, previously hazardous tasks requiring specially-trained people in...
