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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National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices, with effect from March 30, following two consecutive significant hikes on March 22 and 25. NALCO has cut its aluminium ingot price by INR 8,200 per tonne on Wednesday to the range of INR 309,250- 312,750 per tonne versus INR 317,450-320,950 per tonne on March 25. NALCO’s aluminium wire rod price has also been reduced by INR 8,200 per tonne, in line with the downtrend in LME aluminium benchmark price since March 25 ranging between US$3,619 per tonne and US$3,583 per tonne. But nonetheless, the price is still up by US$133 per tonne month-on-month comparing to US$3,450 per tonne. NALCO’s aluminium billets price is standing at INR 312,700- 315,350 per tonne, also down by INR 8,200 per...
LME aluminium opened at US$3,607 per tonne on Tuesday and closed at US$3,449 per tonne, down US$156 per tonne or 4.33 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,581 per tonne and LME aluminium official settlement price halted at US$3,583. Both recorded a fall of 0.64 per cent or US$23 per tonne. 3-month bid price and 3-month offer price came to rest at US$3,606 per tonne and US$3,608 per tonne. The former faced a decline of US$9 per tonne or 0.25 per cent and the later fell by US$8 per tonne or 0.22 per cent. On the same day, December 23 bid price stood at US$3,440 per tonne and December23 offer price at US$3,445, both witnessing a downfall of 0.44 per cent. LME aluminium opening stock continued to decrease from 671,025...
Mitsubishi Heavy Industries (MHI) Group and its engineering company Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) have entered into an agreement with Aluminium Bahrain B.S.C (Alba), a major Bahrain-based aluminium producer, to capture carbon dioxide (CO2) emitted from the smelting process at one of its plants. As per the report, MHI Group and its engineering company have undertaken a feasibility study for applying CO2 Capture Technology at Alba's plant, following the signing of a Memorandum of Understanding on Monday, March 28. This collaboration is highly significant as this will mark the world’s first application of CO2 capture technology in the aluminium industry, enhance MHI Group’s presence in the Middle East, and advance Bahrain’s decarbonisation efforts. One of the...
LME aluminium opened at US$3,616.5 per tonne on Monday and closed at US$3,605 per tonne, down US$20 per tonne or 0.55 per cent. LME aluminium cash bid price stood at US$3,604 per tonne and LME aluminium official settlement price halted at US$3,606, with a rise of 0.61 per cent and 0.64 per cent respectively, if compared with the records of the week before. The 3-month bid price of aluminium increased by US$25 per tonne or 0.69 per cent to rest at US$3,615 per tonne. On the other hand 3-month offer price had a 0.71 per cent rise resting at US$3,616 per tonne. From data collected the same day, December 23 bid price stood at US$3,425 per tonne and December23 offer price at US$3,430, both witnessing an upward swing of 1.33 per cent. LME aluminium opening stock continued to decrease from...
The ongoing fall in China’s primary aluminium inventories due to recovery of downstream demand, along with the slow resumption of new production capacities for the fresh outbreak of COVID19, has lifted the A00 aluminium ingot price by RMB 90 per tonne to stand at RMB 22,990 per tonne on Tuesday, March 29. SMM data shows the price has increased after two consecutive days of downfall from RMB 23,160 per tonne to RMB 22,900 per tonne. Today, the average prices are estimated to range between RMB 22,970 per tonne and RMB 23,010 per tonne, with spot contract to be traded at a premium price of RMB 90-50 per tonne. In Shenyang, A00 aluminium ingot price has climbed up by RMB 100 per tonne to come in at RMB 22,920 per tonne, followed by the hike of RMB 90 per tonne in Foshan and Chongqing to rest...
LME aluminium opened at US$3,575 per tonne last Friday and closed at US$3,625 per tonne, an increase of US$55 per tonne or 1.54 per cent. If compared with the records of the exact previous day, LME aluminium cash bid price stood at US$3,582 per tonne and LME aluminium official settlement price halted at US$3,583. Both recorded a fall of 2.21 per cent or US$81 per tonne. 3-month bid price and 3-month offer price decreased by US$85 per tonne or 2.21 per cent to rest at US$3,590 per tonne and US$3,590.50 per tonne. On the same day, December 23 bid price stood at US$3,380 per tonne and December23 offer price at US$3,385, both witnessing a downfall of 0.53 per cent. LME aluminium opening stock continued to decrease from 684,250 tonnes to 678,100 tonnes as of 25 th of March. Live warrants...
In February 2022, primary aluminium production in Russia & Eastern Europe registered a decline of 35,000 tonnes or 10.03 per cent month-on-month to stand at 314,000 tonnes, found the International Aluminium Institute (IAI). In January, the output in Russia & Eastern Europe stood at 349,000 tonnes, down by 2,000 tonnes from 351,000 tonnes a month ago. Also, on a year-on-year calculation, production in February 2022 recorded a downfall of 5,000 tonnes from 319,000 tonnes, showed IAI data. In the first two months of 2022, Russia & Eastern Europe’s primary aluminium output totalled 663,000 tonnes, experiencing a decrease of 9,000 tonnes or 1.34 per cent from 672,000 tonnes during the same period last year. In Western & Central Europe, primary aluminium production in February 2022 showed no...
The Aluminium Stewardship Initiative has announced the joining of Indonesian state-owned aluminium company Asahan Aluminium (Persero) as a new Production and Transformation member. That brings the total number of ASI members to 217. PT Indonesia Asahan Aluminium (Persero), popularly known as INALUM, is the first state-owned primary aluminium smelting company in Southeast Asia. It has an annual smelting capacity of 250,000 tonnes and till today holds the sole position as the producer of primary aluminium in Indonesia. Going ahead, INALUM plans to develop and increase smelting capacity, with a vision to run profitable, safe, integrated, and environmentally-friendly operations. Mahyaruddin Ende, Senior Vice President Corporate Secretary at INALUM, said: “It is an honour to receive ASI...
The world's primary aluminium segment witnessed a lot of sporadic but evident changes this week. On the market forefront, the benchmark aluminium SHFE price had been trending downward this week, except for a few infrequent rises. The LME aluminium benchmark price on Monday, March 21 had moved up by US$137.50 per tonne to US$3,518 per tonne, which on Tuesday had gone up by US32.50 per tonne to peg at US$3,550.50 per tonne. On the other hand, China’s Hongqiao Group reported 33% higher revenue in CY2021, amidst the uncertain COVID pandemic condition. Apart from this, the British Safety Council awarded Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium producer outside of China, the coveted International Safety Award - Merit for its constant dedication to keeping its workers safe...
On 25 th March 2022, the Romanian integrated aluminium company, ALRO S.A. publicised its consolidated and separate financial statements for the year ended 31 st December 2021. ALRO Group, one of the largest aluminium producers of Europe registered a turnover of RON 3.5 billion up from RON 2.5 billion in 2020. Alro booked a net profit of RON 26 million in 2021, compared to a net profit of RON 335 million in 2020. The increased turnover for both the Group and ALRO was the result of a favourable trend of the aluminium quotations on the London Metal Exchange (LME) as well as of the constantly higher demand for the high and very high value-added products of the Group, with a focus on aluminium for aerospace industries, general engineering, and consumer products. Marian NĂSTASE, the Chairperson...
Australia’s ban on its alumina and aluminium ore exports to Rusal and Russia’s price hike on natural gas causing possible disruption in aluminium production have lifted the LME prices almost throughout the week. On Monday, March 21, LME aluminium cash bid price and LME aluminium official settlement price started with a surge of US$137.50 per tonne or 4.07 per cent to INR US$3,517 per tonne and US$3,518 per tonne, which on Tuesday, March 22, grew by US$33 per tonne and US$32.50 per tonne to stand at US$3,550 per tonne and US$3,550.50 per tonne, respectively. On Wednesday, March 23, the prices further increased to US$3,558 per tonne and US$3560 per tonne, and jumped the next day exceeding US$3,600 per tonne. While LME aluminium cash bid price came in at US$3,663 per tonne, LME aluminium...
National Aluminium Company Limited has upgraded its aluminium ingot and aluminium products prices, in response to the uptrend of the LME aluminium benchmark price. With effect from Friday March 25, NALCO’s aluminium ingot price has come in at INR 317,450-320,950 per tonne, scaling up by INR 12,900 per tonne from INR 304,550- 308,050 per tonne on March 22. NALCO’s aluminium wire rod price also saw a hike of INR 12,900 per tonne on March 25 to amount at INR 319,950-324,300 per tonne. On March 22, the price had surged by INR 23,500 per tonne to stand at INR 307,050–311,400 per tonne. The latest raise has brought the company’s aluminium billets price to INR 320,900-323,550 per tonne versus INR 308,000- 310,650 per tonne on March 22. NALCO links its aluminium ingot and aluminium products...
The New Zealand government has withdrawn a composite subsidy worth about $60 million, from the Rio Tinto majority-owned Tiwai Point aluminium smelter in Southland. A freshly released cabinet paper has unveiled that James Shaw, the Minister of Climate Change had demanded the government to accept this measure late in 2021. The subsidy phrased that the New Zealand government provides 934,400 free units per year under the Emissions Trading Scheme (ETS) to the aluminium smelter as part of an electricity allocation drive. Now the companies have to capitulate a fixed number of these units, presently priced at $75 based on their emissions, with each unit roughly translating to a tonne of carbon dioxide. However, some large emitters and large power users possess some free units allocated each year...
Hindalco Industries’ aluminium ingot and aluminium products prices have continued witnessing hikes, in line with an incessant LME aluminium price surge, attributable to the anticipation of disrupted metal production due to natural gas price rise and supply scarcity. With effect from Friday, March 25, Hindalco has increased its aluminium ingot price by INR 9,250 per tonne or 3 per cent to INR 318,000 per tonne. On Wednesday, March 23, Hindalco’s aluminium ingot price stood at INR 308,750 per tonne, up by INR 3,500 per tonne from the previous day. Hindalco’s aluminium wire rod price has also been raised by INR 9,250 per tonne from INR 319,850 per tonne on March 23 to INR 329,100 per tonne on March 25. Aluminium billets price is no exception but has witnessed a rise of INR 9,250 per tonne or...
LME aluminium opened at US$3,670per tonne on Thursday, March 24, and closed at US$3,570per tonne, down US$115 per tonne or 3.12 per cent. LME aluminium cash bid price stood at US$3,663 per tonne with a whooping rise of 2.95 per cent or US$105 per tonne and LME aluminium official settlement price halted at US$3,664 per tonne with an increase of 2.92 per cent or US$104 per tonne, if compared with the records of the previous day. 3-month bid price hiked by US$117 per tonne to rest at US$3,675 per tonne and 3-month offer price had a raise of US$115.50 per tonne to close at US$3,675.50 per tonne. The former increased at a rate of 3.29 per cent, while the latter by 3.24 per cent. On the same day, December 23 bid price stood at US$3,398 and December23 offer price at US$3,403, both increasing by...
According to the Shanghai Metals Market, social inventories of Chinese aluminium ingots have continued to decrease by 50,000 tonnes from a week ago, across eight major consumption areas, including SHFE warrants. Data shows the inventories have come in at 1.04 million tonnes, compared with 1.09 million tonnes last Thursday, March 17. China’s domestic aluminium market destocking has resulted in the decline in ingot inventories, primarily at Gongyi and Nanhai. In addition, delayed arrivals of stocks due to transport inefficiency, following the recent outbreak of COVID-19, has also consequence to the further downfall of inventories. Meanwhile, on Monday, the inventories dropped by 28,000 tonnes over the weekend to stand at 1.06 million tonnes. The chart below indicates the current status of...
A recent study has revealed that global aluminium demand will see an increase of 40 per cent by 2030, requiring an additional production of 33.3 million tonnes, meaning the metal output should ideally improve from 86.2 million tonnes in 2020 to 119.5 million tonnes in 2030. The research study, titled Opportunities For Aluminium In A Post-Covid Economy, conducted by business intelligence analyst CRU International on behalf of the International Aluminium Institute (IAI), has also noted the key industries that will drive the demand growth. Transportation, construction, packaging, and electrical are the four key industrial sectors that will together account for 75 per cent of the total demand. The demand from China is expected to be at 12.3 million tonnes, while from the rest of Asia 8.6...
After gaining additional funding, a recycling enterprise that is rebuilding already shut-down aluminium plant claims it is planning to settle "outstanding invoices" of the already shut down Anglesey Aluminium plant. After smelting ceased in 2009, Orthios acquired the old Anglesey Aluminium plant near Holyhead in 2016. Anglesey Aluminium was a joint venture between Rio Tinto and Kaiser Aluminium. However, in September 2009, the Anglesey Aluminium plant was shut down, as they failed to achieve a reduced energy arrangement. The decision was taken jointly by co-owners Rio Tinto Group and Kaiser Aluminium. Orthios had previously stated its intention to construct a 299 MW plant as well as hydroponic and aquaculture centres, however, finance for these projects got terminated. The company, on the...
