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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Alcoa Corporation has reportedly bagged the ASI Performance Standard Certification under Provisional Status for its smelting and casting operation at Massena, New York, USA. Known as the longest interrupted operating aluminium facility in the world, Alcoa Massena plant dates back to 1902, benefiting from the region’s abundant hydro power. The plant produces 360,000 tonnes of primary aluminium in a year. The Aluminium Stewardship Initiative has granted the provisional certification under an interim policy in regards to Audits, Audit-Related Travel and Coronavirus, which clarifies reasonable accommodations that can be made to audit plans considering the current COVID-19 situation. The Performance Standard certification represents environmental, social and governance principles and criteria,...
LME aluminium opened at US$3,436 per tonne on Wednesday and closed at US$3,443.5 per tonne, an increase of US$12 per tonne or 0.35 per cent. LME aluminium cash bid price stood at US$3,443 per tonne and LME aluminium official settlement price halted at US$3,443.50, with a rise of 0.85 per cent and 0.83 per cent respectively, if compared with records of the previous day. The 3-month bid price of aluminium increased by US$26 per tonne or 0.75 per cent to rest at US$3,466 per tonne. On the other hand 3-month offer price faced the same percentage rise resting at US$3,467 per tonne. From the LME official price chart of Wednesday, December 23 bid price stood at US$3,355 per tonne and December23 offer price at US$3,360, both witnessing an upward swing of 2.47 per cent or US$15. LME aluminium...
Gangavaram Port, the country’s deepest and most advanced port achieves yet another record-breaking milestone. The port staff loaded the most aluminium ingots in a single day, 6,559 tonnes of Aluminium ingots for the vessel SEACON MANILA at Berth No 1. This is a new national record for any Indian port. The Port has a futuristic infrastructure to handle a wide range of import and export cargos, including deep depth multi-purpose cargo berths. M/s Vedanta Ltd (Shipper of Al. Ingot Cargo) expressed their thanks for the National Record and thanked the port administration, personnel, workers, and contractor M/s Synergy Shipping for their assistance in achieving this fantastic feat. With its deep draught berths and efficient operations, Gangavaram Port has established itself as the gateway port...
A00 aluminium ingot price in China has nosedived for the second day in a row by RMB 450 per tonne to stand at the edge of RMB 22,000 per tonne. According to the Shanghai Metals Market, the price has come in at RMB 22,030 per tonne, with average prices estimated to range between RMB 22,010 per tonne and RMB 22,050 per tonne. The spot contract is likely to be traded at a premium price of RMB 90-50 per tonne. In Tianjin, the primary aluminium ingot price has slumped by RMB 550 per tonne to also come in at RMB 22,030 per tonne, while the price in Wuxi, Chongqing and Shenyang has plunged by RMB 460 per tonne to score at RMB 22,020 per tonne, RMB 21,990 per tonne and RMB 21,970 per tonne, respectively. In Foshan and Hangzhou, A00 aluminium ingot price has dwindled by RMB 450 per tonne to settle...
Vedanta Limited, a globally diversified natural resources company announced on Thursday, March 31, that its board of directors had approved plans to procure 580 MW of renewable energy (RE) for the company's operations in India. This power source has the potential to prevent around 2.7 million tonnes of GHG emissions from entering the environment once it is operational. Vedanta intends to partially replace current captive thermal power capabilities with renewable energy for smelting and other processes, as well as fulfil the power requirements of Vedanta Aluminium Jharsuguda, Balco, and Hindustan Zinc's capacity growth. Vedanta has signed an Electricity Delivery Agreement (PDA) with special purpose vehicles (SPVs), who are affiliates of Sterlite Power Technologies Pvt Ltd (SPTPL), a...
Scarcity in the supply of coal is being witnessed in India for two years in a row since Coal India has restricted its deliveries to industrial customers to carry out smooth supplies to the power plants. The country is moving towards a mandatory demand peak due to summer but the fuel stockpiles are far below the target level. The India state-owned Coal India Limited with headquarter in Kolkata, West Bengal limited its daily supplies to non-power sector users to 275,000 tonnes, which is around 17% lower than the recent average daily volumes. Even the company is cutting down on railway transportation and relying more on trucks due to the unavailability of a proper schedule which means slower delivery speed for the industrial customers. However, the Indian coal mining giant CIL is yet to make...
LME aluminium opened at US$3,450 per tonne yesterday and closed at US$3,455 per tonne, an increase of US$40 per tonne or 1.17 per cent. On 5 th April, LME aluminium cash bid price stood at US$3,414 per tonne and LME aluminium official settlement price halted at US$3,415. The former recorded a fall of 0.86 per cent or US$29.50 per tonne and the latter decreased by US$29 per tonne or 0.84 per cent. 3-month bid price stood at US$3,440 facing a downswing of 0.55 per cent or US$19 and 3-month offer price came in at US$3,441 per tonne falling by US$20 per tonne or 0.58 per cent. On the same day, December 23 bid price settled at US$3,340 per tonne and December 23 offer price at US$3,345, both witnessing a rise of 0.45 per cent or US$15 per tonne. LME aluminium opening stock continued to decrease...
Vedanta Limited reduced its aluminium ingot and aluminium products prices for the second time in a row in the new financial year 2022-23. With effect from April 5, the company cut its aluminium ingot selling price by INR 4,250 per tonne or 1.4 per cent to INR 297,000-344,500 per tonne. On April 2, the price ranged between INR 301,250 per tonne and INR 348,750 per tonne, seeing a trimming of INR 2,000 per tonne. Like any other Indian aluminium producers, Vedanta Limited links its aluminium products and aluminium ingot prices to the three-month futures of aluminium on the London Metal Exchange. So, in tandem with the continuous downfall in LME aluminium benchmark price from US$3,483 per tonne on April 1 to US$3,415 per tonne on April 5, Vedanta cut its aluminium prices. On a month-on-month...
Three sources have confirmed that some Japanese aluminium buyers have agreed with at least two global producers on the premium payment of $172 per tonne for June shipments, compared to $177 million in the previous quarter. That reflects a quarter-on-quarter downfall of $5 per tonne or 2.8 per cent from $177 per tonne. The decline of premium for the June quarter marks a second consecutive quarterly drop, even less than initial offers of $195-250 per tonne made by producers. In the last quarter, the premium of aluminium shipments to Japan had seen a significant fall of 20 per cent on the ease of local spot premiums and overseas prices, recording a first quarterly decline in six months. In the December quarter of 2021, the premium was set at $220 per tonne. Japan is Asia’s biggest importer...
On Sunday, April 3, an explosion in an aluminium plant in the Guangdong province city of Qingyuan took the lives of 4 workers. As per the local media, the explosion may have caused a liquid aluminium spill, posing a serious threat to the workers there. “The explosion may trigger a liquid aluminum leak and relevant departments are now dealing with the accident,” says Daily Global Times. However, this is not the first time that something like this has happened in China. In 2007, a molten aluminium leak had taken the life of 14 people and wounded 59 at a plant in east China's Shandong Province.
As the fiscal year 2022 ends, National Aluminium Company Limited (NALCO) further chops its aluminium ingot and aluminium products prices, with effect from April 1 FY2023. The company’s aluminium ingot price has seen a sharp cut of INR 13,000 per tonne or 4.20 per cent to INR 296,250- 299,750 per tonne. The previous price cut was on March 30 by INR 8,200 per tonne to the range of INR 309,250- 312,750 per tonne. Vedanta’s aluminium wire rod price has also been reduced by INR 13,000 per tonne, with effect from April 1, to come in at INR 298,750- 303,100 per tonne. Aluminium billets price is hovering around INR 299,700- 301,200 per tonne versus INR 312,700- 315,350 per tonne on March 30, meaning the product saw a cut of INR 13,000 per tonne as well over the two days. NALCO links its aluminium...
The global aluminium sector has been in highlights again due to the Ukraine-Russia stand-off. In 2021 the aluminium industry countered Covid pandemic challenges following the coup in Guinea, the leading bauxite exporter in the world. This did not end soon, but new difficulties aroused like a surge in gas prices and an energy crisis that led to an axe in the production of aluminium. Now, the military conflict between the two neighbouring nations has driven the industry's situation to a more complex one. The Russian aluminium giant suspended alumina shipments from its Nikolaev refinery in Ukraine, which triggered a rise in supply disruptions across the alumina and aluminium sector. The Norwegian aluminium company, Hydro affirmed that its pre-booked Russian aluminium of 4000 tonnes was on...
On Monday, April 4, 2022, mining giant Vedanta Limited announced that its aluminium and zinc production grew by 8 per cent in the fourth quarter ended March 31, while the output of iron ore increased by 18 per cent, as compared to the figure in the same period last year. From 531,000 tonnes in Q4 FY2021, the company’s cast metal aluminium production in Q4 FY2022 improved to 572,000 tonnes, bringing the total output in FY2022 to a record high of 2.268 million tonnes. That was an increase of 15 per cent year-on-year from 1.969 million tonnes, said Vedanta in a BSE filling. As the miner’s zinc production also saw a rise of 8 per cent in the March quarter, the output stood at 211,000 tonnes compared to 195,000 tonnes a year ago. Its integrated zinc output in FY2022 came in 776,000 tonnes...
On Monday, 4 th of April, LME aluminium cash bid price stopped at US$3,443.50 per tonne and LME aluminium official settlement price was last recorded at US$3,444 per tonne, with a 1.12 per cent downfall, in comparison with the records of the previous week, both witnessed a decline of US$39 per tonne. We have reached the 40 th day of the Russia-Ukraine conflict and US president Joe Biden has already called against Putin, branding him a war criminal. Certainly due to the rising tension between the two nations, Ukraine was unable to address the UN officially till date. But now there are reports of Ukrainian President Volodymyr Zelenskyy finally breaking his silence and speaking to the UN Council. Progress in the peace talks might eventually standardise the price of commodity products,...
On Friday, April 1, the London Metal Exchange had halted the shipment of some Russian-produced metals to its permitted warehouse in the United Kingdom, although no Russian metals are currently stored in its facilities. The decision was taken in response to Russia’s invasion of Ukraine earlier this year. The exchange, which is run by Hong Kong Exchanges and Clearing Ltd, said in a statement that there was a substantial possibility that anybody acquiring such metal from British storage would face exorbitant extra expenses. One of the extra levies mentioned by the LME is the 35 per cent tax imposed two weeks ago on copper, lead, basic aluminium, and aluminium alloy. Some LME members have urged for Russian metals to be banned from the exchange's system, but the world's largest and oldest...
South32, hailing from Perth, Australia is a mining and metals company that declared on the 30 th of March, that there has been a delay in their possession of additional shares in Mozal aluminium from MCA Metals Holding GmbH (Mitsubishi). However, once the approval of the Competition Regulatory Board in Mozambique is availed, the acquisition would not take more than mid-2022 while previously it was anticipated to be over by March 2022. The group was not very keen on sharing any more details. The agreement incorporates some valid points, while one of them is, that the companies are going to share the profit it makes with Mitsubishi from the period of 1 st July 2021until the transaction is accomplished. South32, Mitsubishi, the Industrial Development Corp of South Africa and the Mozambique...
In February 2022, primary aluminium production in North America stood at 291,000 tonnes, compared to 321,000 tonnes in January. That was a downfall of 30,000 tonnes or 9.35 per cent month-on-month, found the International Aluminium Institute. Also, on a year-on-year calculation, the output in February edged a decline of 5.52 per cent from 308,000 tonnes. In the first two months of the year, primary aluminium production in North America totalled 612,000 tonnes, down by 5.56 per cent or 36,000 tonnes from 648,000 tonnes. South America’s primary aluminium production also recorded a month-on-month downfall in February 2022. From 102,000 tonnes in January, the output in South America slipped to 91,000 tonnes. That was a decline of 11,000 tonnes or 10.78 per cent, found the IAI data, On a...
On Sunday, April 2, Brazilian aluminium manufacturer Companhia Brasileira de Alumínio (CBA) announced that its controlling shareholder, conglomerate Votorantim SA, will sell 34 million shares in the firm in a follow-on offering. Votorantim SA has a 75.9% interest in CBA, says data from Refinitiv Eikon. Last week, the company said it was considering a secondary offering to increase the liquidity of CBA's stock. The move would also fit perfectly with Votorantim's portfolio diversification plan. If demand allows, CBA said the offering might be raised by up to 85 per cent, or 28.9 million shares. It will also contain a price-stabilization greenshoe option of up to 5.1 million shares. On April 6, the offering will be priced. If all of the extra shares and greenshoe are sold, CBA will raise...
