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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After increasing aluminium ingot and aluminium products prices on March 10, Hindalco Industries Limited cuts them the next day. With effect from Friday, March 11, the company has reduced its aluminium ingot price by INR 2,750 per tonne or 0.90 per cent to INR 306,500 per tonne. On March 10, the price was raised by INR 2,500 per tonne to INR 309,250 per tonne. Hindalco has also axed its aluminium wire rod price by INR 2,750 per tonne from INR 320,350 per tonne on March 10 to INR 317,600 per tonne on March 11. With effect from March 11, the company’s aluminium billets selling price has come in at INR 320,600 per tonne versus INR 323,350 per tonne. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which grew...
Three-month LME aluminium opened at US$3,302 per tonne on Thursday, March 10, and hit a high and low of US$3,557.5 per tonne and US$3,302 per tonne, respectively, before closing at US$3,400 per tonne. A low level of inventory across the globe amid tight demand-supply situation due to geopolitical risks for the ongoing Ukraine-Russia war is continuing to elevate the LME aluminium prices. However, on Thursday, December 10, both LME aluminium cash bid price and LME aluminium official settlement price gained slightly compared to the previous days. While the formed grew by US$4 per tonne to stand at US$3,534 per tonne, the latter climbed by only US$3 per tonne to close at US$3,535 per tonne. On the other hand, 3-month bid price and 3-month offer price dipped by US$3 per tonne and US$4 per...
According to the Shanghai Metals Market, social inventories of primary aluminium have built up by 20,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows inventories have come in at 1.14 million tonnes on March 10 compared to 1.12 million tonnes last Thursday, March 3. Smelters and traders were in a rush to sell aluminium ingots due to growing aluminium prices, but downstream buyers showed a strong wait-and-watch sentiment. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories have seen the highest growth in Wuxi this week by 16,000 tonnes to stand at 434,000 tonnes, followed by the increase of 8,000 tonnes in Nanhai to stand at 269,000 tonnes, found...
The administration of Joe Biden, the President of the United States of America is advocated by the top members of the ‘House of Representatives Financial Services Committee’ towards reimposement of economic sanctions on Russian oligarch Oleg Deripaska's United Company Rusal, the Russian aluminium giant. While speaking at an American Bankers Association (ABA) summit in Washington, committee chairwoman Maxine Waters, a Democrat, and Republican ranking member Patrick McHenry emerged with independent support to reimpose economic sanctions on Rusal, as in December 2021, it secured waivers from Donald Trump's administration. Maxine Waters said, “I had always opposed the decision by then-treasury secretary Steven Mnuchin to waive economic sanctions against Rusal and that she was further...
LME aluminium opened at US$3,680 per tonne on Wednesday and hit a high and low of US$3,680 per tonne and US$3,300 per tonne respectively before closing at US$3,301 per tonne, a drop of US$380 per tonne or 10.32%. Following a plunge in the price of aluminium on Tuesday, LME aluminium benchmark price rose again on Wednesday, March 9, driven by the pertinent danger of the ongoing Russia-Ukraine crisis. Both LME aluminium cash bid price and LME aluminium official settlement price marched ahead by US$30 per tonne or 0.85% and US$31.5 per tonne or 0.89% to settle at US$3,530 per tonne and US$3,532 per tonne. 3-month bid price and 3-month offer price also stepped up by US$19 per tonne or 0.54% to score at US$3,533 per tonne and US$3,535 per tonne. December 23 bid price and December 23 offer...
China’s aluminium production in 28 days of February 2022 reflected a positive trend with a daily average output of 105,000 tonnes, up by 2,000 tonnes from 103,000 tonnes a month earlier. Total production in the month came in at 2.95 million tonnes versus 3.204 million tonnes in January (31 days). However, on a year-on-year basis, the output dipped 2.3 per cent from 3.02 million tonnes, showed the Shanghai Metals Market data. Output in the past two months of 2022 amounted to 6.15 million tonnes, which was also down by 3 per cent from 6.34 million tonnes of production during the same period last year. The increase in daily average production leading to a stable flow of monthly output in February could be attributed to the recommencement of production at aluminium smelters or the beginning...
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Wednesday, March 9, in response to LME aluminium price plunge after a week of unabated growth. Hindalco has axed its aluminium ingot price by INR 40,500 per tonne or 11.66 per cent to INR 306,750 per tonne. On March 8, the price was raised by INR 14,750 per tonne to INR 347,250 per tonne. The company’s aluminium wire rod price also saw a sharp cut of INR 40,500 per tonne from INR 358,350 per tonne on March 8 to INR 317,850 per tonne on March 9, 2022. Aluminium billets price has come in at INR 320,850 per tonne, with effect from March 9, as against INR 361,350 per tonne on March 8. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium...
Three-month LME aluminium opened at US$3,740 per tonne on Tuesday, March 8, and hit a high of US$3,900 per tonne before closing at US$3,681 per tonne, a drop of US$59 per tonne or 1.58 per cent. After an uninterrupted rise through the week nearing US$4000 per tonne, LME aluminium cash bid price and LME aluminium official settlement price plummeted by US$483.50 per tonne and US$484 per tonne to come in at US$3,500 per tonne and US$3,500.50 per tonne on Tuesday, March 8. 3-month bid price and 3-month offer price nosedived by US$452 per tonne to settle at US$3,514 per tonne and US$3,516 per tonne, respectively. December 23 bid price and December 23 offer price closed lower at US$3,245 per tonne and US$3,250 per tonne. LME aluminium opening stock further decreased to 779350 tonnes,...
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have witnessed an exponential rise on Tuesday, March 8, in tandem with the incessant LME aluminium price rally for over a week close to US$4,000 per tonne. NALCO has raised its aluminium ingot price by INR 37,200 per tonne or 12 per cent to the range of INR 346,450-349,950 per tonne as of March 8. A week ago, with effect from March 1, the price stood at INR 309,250-312,750 per tonne, after being expanded by INR 8,800 per tonne from the previous day. NALCO’s aluminium wire rod price also soared by INR 37,200 per tonne, with effect from March 8, to score at INR 348,950 – 353,300 per tonne versus INR 311750-316,100 per tonne on March 1. Aluminium billets price came in at 349,900- 352,550 per tonne,...
The former energy minister of the United Kingdom, Gregory Leonard George Barker (Lord Barker) is stepping down as Chairman En+ Group, the parent company of Russian aluminium giant, Rusal and auditors of PwC and KPMG are decoupling with the country as businesses responded to sanctions against Russia. On 7 th March 2022, Lord Barker, an ex-minister during the regime of former British Prime Minister, David Cameron declared his resignation from the board of En+ Group. Since 2017, he held the position of Chairman and in 2019 he became the Executive Chairman of the Group. It has been notified that Lord Barker will pursue to chair the group briefly before handing over to Christopher Bancroft Burnham, a New York-born and company’s senior independent director. The announcement emerged after global...
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne on Tuesday, March 8, to come in at RMB 22,720 per tonne, found the Shanghai Metals Market, attributable to lower willingness of downstream purchases in the domestic market. The average prices are expected to range between RMB 22,700 per tonne and RMB 22,740 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne. In Foshan, A00 aluminium ingot price has plummeted by RMB 1,170 per tonne to stand at RMB 22,690 per tonne, followed by the plunge of RMB 1,140 per tonne in Wuxi and Hangzhou to RMB 22,710 per tonne and RMB 22,720 per tonne, respectively. In Chongqing and Shenyang, primary aluminium ingot price has shrunk by RMB 1,130 per tonne and RMB 1,080 per tonne, respectively, to close at...
LME aluminium opened at US$3,876 per tonne on Monday and hit a high of US$4,073.5 per tonne before closing at US$3,740 per tonne, a drop of US$100.5 per tonne or 2.62%. Supply disruptions due to increased sanctions on Russia have caused the LME aluminium cash bid price and LME aluminium official settlement price open the week on Monday, March 7, with yet another high. For the same day, both LME aluminium cash bid price and LME aluminium official settlement price augmented by US$133.5 per tonne or 3.46% to peg at US$3,983.50 per tonne and US$3,984.50 per tonne. 3-month bid price and 3-month offer price also elevated to score at US$3,966 per tonne and US$3,968 per tonne. December 23 bid price and December 23 offer price stood at US$3,400 per tonne and US$3,405 per tonne. LME aluminium...
The year 2022 brings with it a beam of fresh hope and aspiration for the metal industry. It is anticipated that 2022 will have in store a lot of new investments, changes and projects in the metal industry. With this, team AlCircle has launched its latest research report, “Global Aluminium Industry Outlook 2022,” which provides an in-depth analysis and projection into the shaping of the aluminium industry in 2022, while keeping a tab on the earlier investments, policy changes and price trend. New projects and development plans are anticipated to boost worldwide bauxite output by around 1.6% in 2022. The output for 2022 is expected to be 383 million tonnes in volume. With upcoming investments, bauxite output is expected to increase significantly, at a rate of roughly 4% per year in 2022 and...
On Saturday, March 5, the National Development and Reform Commission (NDRC) stated in a report at the National People’s Congress that they will closely observe the availability and pricing of some raw materials as well as tighten commodities reserves of aluminium to maintain supply chain security. In addition to this, NDRC has also decided to come up with a forewarning against the risks involved in industrial and supply chains, as well as speed up the construction of national commodities reserves for aluminium and transportation base. “Demand is weak and supply is constrained, while commodity prices such as energy and minerals remain high, pressuring companies’ key production and operation indicators,” added the NDRC. According to the report, NDRC promised to stabilise the supply and...
Following a decline in price on Friday, the A00 aluminium ingot price has recorded a sharp increase of RMB 420 per tonne to score at RMB 23,860 per tonne, as of Monday, March 7. According to the Shanghai Metal Market, the average prices are expected to hover between RMB 23,840 per tonne and RMB 23,880 per tonne, with spot contract to be traded at a premium price of RMB 110-70 per tonne. For the same day in Gongyi and Wuxi, the price has hiked by RMB 410 per tonne to register at RMB 23,670 per tonne and RMB 23,850 per tonne. In other Chinese provinces like Shenyang and Tianjin, the price has heightened by RMB 420 per tonne to come in at RMB 23,790 per tonne, found the Shanghai Metals Market. In Foshan and Hangzhou as well, there was a gradual uptrend of RMB 420 per tonne and RMB 415 per...
Three-month LME aluminium opened at US$3,765 per tonne last Friday and hit a high of US$3,867 per tonne before closing at US$3,840.50 per tonne, an increase of $74 per tonne or 1.96 per cent. On Friday, March 4, LME aluminium benchmark prices continued to rise exponentially to exceed US$3,800 per tonne, driven by the on-going fear of supply disruption due to sanctions on major producer Russia. While LME aluminium cash bid price surged by US$122 per tonne to stand at US$3,850 per tonne, LME aluminium official settlement price soared by US$122.50 per tonne to come in at US$3,851 per tonne. 3-month bid price and 3-month offer price expanded by US$115.50 per tonne and US$116 per tonne, respectively, to close at US$3,819 per tonne and US$3,820 per tonne. December 23 bid price and December 23...
The holding company of Russian aluminium behemoth United Company RUSAL is envisaging by creating its global business to a different organization, as reported by industry experts to whom the company management and non-Russian investors claimed. However, the discussion inherits that the Ukraine-Russia military standoff has shot down the shade on any expectations of corporate integration among Russia and the world. Assuming, the deal gets approval, it would be far-flung to unravel the 2007 combination that created the present-time Rusal with the aspiration of building a Russian assets giant that might confront any façade of Rio Tinto Group and BHP Group on the global platform. The anticipated deal is designed in a way that would leave it in two companies, which is illustrated by, “A new...
Supply disruptions, high logistical costs driven by Russia-Ukraine conflict and several international sanctions on Russia were some of the concerns in the global primary aluminium market, resulting in rallied metal prices. Starting the week on February 28 at US$3,450 per tonne, LME aluminium benchmark price surged through the week to stand at an all-time high of US$3,728.50 per tonne. 3-month bid price and 3-month offer price closed the week higher at US$3,703.50 per tonne and US$3,704 per tonne, respectively. To know more: https://www.alcircle.com/news/lme-aluminium-hits-all-time-high-at-us3728-50-t-amidst-supply-woes-shfe-price-descends-by-us6-t-76766 Alcoa’s chief financial officer Willian Oplinger also predicted this week that aluminum prices would continue to inflate while alumina...
