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...
Grow with
AL Circle
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...
Hindalco Industries Limited yet again increased its aluminium ingot and aluminium products prices significantly, with effect from Friday, March 4, in line with the LME aluminium price hike to an all-time high on rising fear of supply disruptions. Hindalco’s aluminium ingot price experienced a surge of INR 10,000 per tonne or 3.22 per cent to INR 320,750 per tonne from INR 310,750 per tonne on March 3. Hindalco Industries grew its aluminium wire rod price also by INR 10,000 per tonne to INR 331,850 per tonne, with effect from March 4. On Thursday, March 3, the price stood at INR 321,850 per tonne, seeing a rise of INR 13,750 per tonne from the previous day. The company’s aluminium billets price came in at INR 334,850 per tonne versus INR 324,850 per tonne on March 3. Hindalco links its...
On 3 rd March 2022, the primary stock exchange in the United Kingdom and the largest in Europe, the London Stock Exchange (LSE) announced that it had suspended with immediate effect the trading of global depository receipts (GDRs) of various Russia-based companies including En+ Group. The London Stock Exchange has 24 companies incorporated in Russia trading on its bourse, out of which 17 are suspended. However, GDRs are negotiable certificates provisioned by a bank that represent shares in a foreign company but traded locally. Notwithstanding, the suspension also impacted several other Russian companies such as En+ Group, the majority owner of Rusal, which is incorporated in the United Kingdom. LSE revealed in a statement, "Further to recent sanctions in connection with events in Ukraine,...
On 25 th February 2022, the Sept-Iles, Quebec based aluminium smelter reported being hit by a cyberattack, regardless the production remained uninfluenced. The largest aluminium smelter in the Americas with an annual production capacity of more than 600,000 tonnes of primary aluminium, Aluminerie Alouette stated that it is still engaged to reinstitute all the computer systems that were malware impacted. The company further added by saying, “Operations are under control and aluminium production has continued. Emails and landlines are still not operational at the company.” "Despite the quality of its modern infrastructure, Alouette is not immune from these cyberattacks.” Aluminerie Alouette, the 22 nd largest aluminium smelter in the world and also the producer of 25% of all aluminium in...
LME aluminium opened at US$3,575.5 per tonne on Thursday and closed at US$3,766.5 per tonne, an increase of US$190.5 per tonne or 5.33%. On Thursday, March 3, LME aluminium prices recorded their greatest weekly rise, as supply disruption worries intensified among new sanctions against Russia. Both LME aluminium cash bid price and LME aluminium official settlement price skyrocketed by US$123.5 per tonne or 3.42% to score at US$3,728 per tonne and US$3,728.50 per tonne. 3-month bid price and 3-month offer price settled at US$3,703.50 per tonne and US$3,704 per tonne. December 23 bid price and December 23 offer price also soared up to peg at US$3,323 per tonne and US$3,328 per tonne. LME aluminium opening stock plunged further to register at 801100 tonnes. Live warrants and Cancelled...
According to the Shanghai Metals Market, social inventories of primary aluminium have continued to grow week-on-week to total 1.12 million tonnes. This week, as of March 3, the inventories have grown by 21,000 tonnes from 1.1 million tonnes on last Thursday across eight major consumption areas, including SHFE warrants. In the spot market, smelters and traders had a strong willingness to ship goods, but high aluminium prices and the slow recovery of consumption suppressed downstream purchases. But next week, the inventories are expected to grow very slightly, with eyes on arrivals and consumption recovery. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have surged by 23,000 tonnes from the...
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from March 1, 2022, in line with the LME aluminium price surge as an effect of several international sanctions on major producer Rusal. NALCO has increased its aluminium ingot price by INR 8,800 per tonne or 2.93 per cent to INR 309,250-312,750 per tonne. On February 25, the price saw the last rise of INR 20,000 per tonne to INR 300,450- 303,950 per tonne. With effect from March 1, NALCO’s aluminium wire rod price also saw an increase of INR 8,800 per tonne to INR 311750-316,100 per tonne from INR 302,950- 307,300 per tonne on February 25. Aluminium billets price came in at INR 312,700-315,350 per tonne versus INR 303,900- 306,550 per tonne on...
On 2 nd March 2022, the Doha headquartered Qatar Aluminium Manufacturing Company (Qamco) said that it is abided to focus on its five-year strategic plan to compel its joint venture (JV) to brace the market position. However, its funding strategy will not only vitalize shareholder value creation but also enable sustainable pay-outs despite negative externalities. Additionally, the worldwide marketing partnership of Qamco with other JV associates dispensed access to strategically potential markets, which drives it to become more competitive in comparison to other international peers, notwithstanding supply chain confrontation that remained apparent continuously. The board of directors of the Qatari aluminium company emphasized during the general assembly meeting held virtually, where the...
Domestic primary aluminium production in the United States in December 2021 stood at 79,000 tonnes, an increase of 4,000 tonnes or 5.33 per cent month-on-month, showed the US Census Bureau’s recently reported data. In November 2021, the United States’ primary aluminium output was 75,000 tonnes, down by 1,000 tonnes from the previous month. Hence, the total production the last quarter of the year ended December 31 amounted to 230,000 tonnes. On a year-on-year calculation, domestic primary aluminium production in the US in December 2021 stood 2,000 tonnes or 2.6 per cent higher than 77,000 tonnes. The average daily production in December 2021 was 2,560 tonnes in comparison with 2,510 tonnes in November 2021 and 2,480 tonnes in December 2020. In full-year 2021, the United States domestic...
The Russia-Ukraine conflict has stirred the metal industry to the core, causing the aluminium prices to inflate further as more sanctions on Russia were imposed, as of Thursday, March 3. The A00 aluminium ingot price has jumped again by RMB 690 per tonne to stand at RMB 23,540 per tonne, found the Shanghai Metals Market. The average prices are expected to orbit between RMB 23,520 per tonne and RMB 23,560 per tonne, with spot contract to be traded at a premium price of RMB 130-90 per tonne. According to the Shanghai Metals Market, the A00 aluminium ingot price in Shenyang and Tianjin has shown growth by RMB 670 per tonne to come in at RMB 23,460 per tonne, respectively. In Foshan and Chongqing the price has heightened by RMB 680 per tonne to total at RMB 23,520 per tonne and RMB 23,430 per...
The Norwegian aluminium and renewable energy giant, Norsk Hydro has declared that it will not sign any fresh agreements with the Russian organisations. Hydro said, “The decision has been taken due to the Russian invasion of Ukraine, and sanctions imposed on Russia by the EU and the international community.” The Oslo headquartered multination aluminium company by all accounts is re-examining options for existing commitments and is assessing an inherent confine of commercial alliance with Russian businesses. Hilde Merete Aasheim, The CEO and President of Hydro said, “We are deeply shocked and saddened by the devastating situation playing out in Ukraine.” The Norwegian Confederation of Trade Unions (LO) in Hydro and Hydro’s European Works Council (EWC) has initiated a fundraising campaign...
Three-month LME aluminium opened at US$3,487 per tonne on Wednesday, March 2, and closed at US$3,576 per tonne, an increase of US$90 per tonne or 2.58 per cent. Much to the anticipation of market analysts, including Alcoa’s chief financial officer Willian Oplinger, LME aluminium prices jumped to a fresh record peak on investors’ fear of logistical challenges that may block metal supplies due to tough sanctions on Russia. Importers may soon face higher transports costs and severe delays in shipments. On March 2, both LME aluminium cash (bid) price and LME official settlement price soared by US$109.50 per tonne to stand at US$3,604.50 per tonne and US$3,605 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$106 per tonne to come in at US$3,568 per tonne and...
The chief executive officer of Tomago Aluminium, Matt Howell, has expressed his intent to step down following over his eight years of service from the capacity of a top executive with the effective end of May 2022. Howell, while mentioning his time as CEO, said, “I want to record my sincere gratitude for the privilege and opportunity to lead and be part of such a fabulous organisation. My time at Tomago and the many friendships forged has been without a doubt, the highlight of my working career.” “Knowing when to make the call is tough; history is peppered with leaders that stayed too long, whether in business, sport or politics. I know in my heart that this is the right decision for me and Tomago.” David Fallu, the Chairman at the Board of Directors of Tomago Aluminium, said “On behalf...
On 2 nd March 2022, the Indian stock market demonstrates the upward movement of the share prices of the Indian metal companies in a weak market, following the Russia Ukraine combat, which generated opportunities for the metal firms to boost their export, as imposed sanctions and intensifying ties with nations would hugely impact Russia’s overall trade. However, on 1 st March 2022, EN+ Group International PJSC stated its UC Rusal Ltd. subsidiary has been forced to temporarily halt alumina production at the Nikolaev alumina refinery due to the war in Ukraine. The Russian aluminium company commented that although UC Rusal's alumina production will be severely curtailed in the short term at this site due to the logistical and transport challenges stemming from the conflict. Although, Rusal...
According to Platts report, Alcoa’s chief financial officer Willian Oplinger shared his forecast that aluminum prices would continue to inflate while alumina supply to become tighter as a result of international sanctions imposed on Russia due to its military invasion of Ukraine. “It’s a very fluid situation … it will really depend on how long this drags out and how long the sanctions are in place,” CFO stated during a presentation at the Deutsche Bank Global ESG Conference on Monday, February 28. Market demand for aluminum is likely to remain unfulfilled in Europe and the US by the Russian aluminum producers, resulting in heightening pressure on the recent high level of premiums in both regions, pointed out Oplinger. Platts found out that spot price of 99.7% P1020 US aluminum was...
On 1 st March 2022, Switzerland headquartered Anglo-Swiss multinational commodity trading and mining company Glencore stated that it is evaluating all its business activities in Russia comprising equity stakes in aluminium and hydropower group giant En+ Group among other firms in different sectors. The world's largest globally diversified natural resource company, Glencore, which is also listed at London Stock Exchange (LSE) holds a 10.5% stake in En+ Group, the dominion shareholder of the Russian aluminium giant. Glencore also has a 0.57% stake in Rosneft. Glencore further added, “We have no operational footprint in Russia and our trading exposure is not material for Glencore.” However, a set of Western companies has been splitting strap with Russia following its stand-off with Ukraine,...
As the fear of metal supply disruptions has heightened across the world due to sanctions on Russia, A00 aluminium ingot price in China has increased by RMB 300 per tonne to stand at RMB 22,850 per tonne on Wednesday, March 2, found the Shanghai Metals Market. China’s domestic aluminium market has seen the surge today after two consecutive days of fall from RMB 22,820 per tonne to RMB 22,550 per tonne. The average prices are expected to range between RMB 22,830 per tonne and RMB 22,870 per tonne, with spot contract to be traded at a premium price of RMB 90-50 per tonne. A00 aluminium ingot price in Wuxi and Chongqing, has also built up by RMB 300 per tonne to come in at RMB 22,840 per tonne and RMB 22,750 per tonne, respectively, followed by the surge of RMB 295 per tonne in Hangzhou to...
LME aluminium opened at US$3,390 per tonne yesterday and closed at US$3,486 per tonne, an increase of US$91 per tonne or 2.68%. LME aluminium benchmark prices have been on a structural uptrend due to the Russia-Ukraine conflict. On Tuesday, March 1, LME aluminium cash bid price expanded by US$47 per tonne or 1.36% to close at US$3,495 per tonne. For the same day, LME aluminium official settlement price also levelled up by US$45.5 per tonne or 1.31% to score at US$3,495.50 per tonne. 3-month bid and 3-month offer price also grew by US$17 per tonne to settle at US$3,462 per tonne and US$3,464 per tonne. December 23 bid price and December 23 offer price closed at US$3,175 per tonne and US$3,180 per tonne. LME aluminium opening stock recorded at 814275 tonnes. Live warrants and Cancelled...
