The London Metal Exchange (LME) aluminium price graph dipped across the pricing and contract segments on the November 2 trading session, reporting declines over the October 30 close . The Asian Reference Price and alumina Platts price, on the other hand, reported nearly 1 per cent gains. The LME aluminium cash bid price dipped by 0.63 per cent from USD 3,113.5 per tonne to USD 3,094 per tonne. The offer price moved from USD 3,114 per tonne to USD 3,095 per tonne, down 0.61 per cent day-on-day. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid advanced from USD 3,078 per tonne from USD 3,059.5 per tonne, decreasing by 0.6 per cent. The offer...
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,...
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Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices, with effect from Tuesday, March 1, in response to LME aluminium benchmark price surge to a new high owing to more sanctions imposed on major producer Russia over the weekend, heightening supply disruptions. Hindalco has raised its aluminium ingot price by INR 8,500 per tonne to INR 297,000 per tonne as of March 1. On February 26, the price stood at INR 288,500 per tonne, seeing a sharp downfall of INR 13,250 per tonne from the previous day. Hindalco’s aluminium billets price has also seen a surge of INR 8,500 per tonne, with effect from March 1, to stand at INR 311,100 per tonne versus INR 302,600 per tonne on February 26. The company’s aluminium wire rod price also climbed INR 8,500 per tonne from...
Three-month LME aluminium opened at US$3,407 per tonne on Monday, February 28, and closed at US$3,395 per tonne, an increase of US$15 per tonne or 0.44 per cent. LME aluminium benchmark prices grew another record high after Western nations unveiled more sanctions on major producer Russia in response to its invasion of Ukraine. While LME aluminium cash bid price surged by US$93.5 per tonne or 2.79 per cent to US$3,448 per tonne, LME aluminium official settlement price increased by US$94.50 per tonne or 2.82 per cent to stand at US$3,450 per tonne on February 28. 3-month bid price and 3-month offer price soared by US$133 per tonne to come in at US$3,445 per tonne and US$3,447 per tonne. December 23 bid price and December 23 offer price also scored higher at US$3,133 per tonne and US$3,138...
The largest primary aluminium in the GCC region and the biggest non-oil industrial entity of UAE, Emirates Global Aluminium (EGA) booked a record whopping 1,140% rise in net profits for 2021 to $1.5 billion. The company earning depicts a bulls-eye of sharp turn following the disruptions rooted in the COVID-19 pandemic in 2020. The adjusted EBITDA more than doubled to AED 9.0 billion ($2.5 billion) for 2021, from AED 4.1 billion ($1.1 billion) for 2020. However, net profit was AED 5.5 billion ($1.5 billion), an increase of 1,140% compared to AED 445 million ($121 million) in 2020. EGA’s delivered the strongest-ever results and accredits it to the strong global market for aluminium as economies recovered from COVID-19, solid operational performance throughout the value chain, and a focus on...
LME aluminium opened at US$3,376 per tonne last Friday and closed at U$3,380 per tonne, an increase of US$15 per tonne or 0.45%. On Friday, February 25, LME aluminium cash bid price recorded a fall of US$163.5 or 4.64% to total at US$3,354.50 per tonne. For the same day, LME aluminium official settlement price also nosedived by US$163.5 or 4.64% to score at US$3,355.50 per tonne. 3-month bid price and 3-month offer price pegged at US$3,312 per tonne and US$3,314 per tonne. December 23 bid price and December 23 offer price came in at US$2,972 per tonne and US$2,977 per tonne. LME aluminium opening stock scored at 823125 tonnes. Live warrants and Cancelled warrants for the same day stood at 579875 tonnes and 243250 tonnes. LME aluminium 3-month Asian Reference Price recorded at US$3,358.28...
The global manufacturing industry encountered the deadly Covid pandemic with plenty of dents, the aluminium sector was also one of those challenges. However, India’s mining and metal giant, Vedanta's aluminium business, counter the pandemic well and was not heavily impacted. Now, it tends to focus on backward integration in the next fiscal and plans to functionalize two of its coal mines in Odisha to secure the supply of raw materials at its Captive Power Plants, as reported by a top-level executive of the company. Rahul Sharma, the CEO of Vedanta Aluminium said, “In the coming financial year, the company's 'focus would be on backward integration.” "Second is the raw material. We have some mines. We would like to operationalise one or two mines so that our raw material security becomes...
The Defence Secretary of the United Kingdom, Ben Wallace has stated his words very strongly following the ongoing Russia-Ukraine military conflict that the former Energy Minister Lord Barker must step down from his Chairmanship at the Russian aluminium and energy giant En+ Group and also must resign from the House of Lords. Lord Barker holds the post of executive chairman at En+ after the group’s major shareholder Russian industrial tycoon Oleg Deripaska stepped down in regards to sanctions-related matters. However, Lord Barker preserves his seat in the House of Lords while working full-time for the company. On 27 th February 2022, the Defence Secretary further added to his statement, “Lord Barker must sever ties with the Russian company and quit the House of Lords for good.” During the...
The global aluminium benchmark price rally to a record high this week has created a buzz across the industry. On Thursday, February 24, the LME aluminium price stood 13-year high at US$3,519 per tonne, attributable to Russia-Ukraine conflict that fuelled the worldwide supply concerns of the metal. However, on Friday, February 25, the price slipped by US$164 per tonne to stand at US$3,355 per tonne. To know more: https://www.alcircle.com/news/lme-aluminium-benchmark-price-rallies-to-13-year-high-this-week-before-closing-at-us3355-t-shfe-price-settles-at-us3607-t-76720 In response to this global aluminium price hike, National Aluminium Company Limited (NALCO) expanded its aluminium ingot and aluminium products prices by INR 20,000 per tonne or 7 per cent. With effect from Friday, February...
On 25 th February 2022, the Indian Captive Power Producers Association (ICPPA) stated that the ongoing Russia-Ukraine military strife, which has propelled the global energy prices to scale up, will diminish the proclivity to import coal by power plants and will further disrupt the supply of fuel to the captive power plants that support by supplying energy to industries like aluminium among others from state-owned Coal India. The CPP industries while finding themselves on the wrong side of abrupt changes in the policy implementation curtailing coal supplies, established an industry body in 2005, Indian Captive Power Producers Association (ICPPA). “Amid rising energy prices globally, electricity producers will pressure the government for domestic coal to fulfil their demand, which will...
The LME aluminium benchmark price rallied to a 13-year high this week, driven by the Ukraine-Russia conflict fuelling reduced metal supply concerns. After starting the week on Monday, February 21, at US$3,313 per tonne and US$3,315 per tonne, LME aluminium cash bid price and LME aluminium official settlement price rose by over US$100 per tonne to stand at US$3,419 per tonne and US$3,420 per tonne, respectively. But on the next day, the prices slipped to US$3,323 per tonne and US$3,323.50 per tonne, which rebounded on Thursday, February 24, to US$3,518 per tonne and US$3,519 per tonne, record high since 2008. However, on Friday, both LME aluminium cash bid price and LME aluminium official settlement price closed the week lower at US$3,354 per tonne and US$3,355 per tonne. 3-month bid price...
Team AlCircle is pleased to report that its third virtual event, “AlCircle Expo 2022,” held on February 15 and 16 had been a huge success. It was a virtual event aimed at bringing together aluminium industry professionals from throughout the value chain. Our goal was to provide a platform ideal for expanding business networks, acquiring new skills, and sharing success stories while travel was still a limitation. This year’s Expo witnessed a total of 1,082 attendee participation from 96 countries, which interacted and networked with 49 exhibitors and 10 sponsors. A total of 1,333 business cards were exchanged throughout the exhibition and 644 total business cards picked up from vendor booths. The average number of visitors per booth was 81 and the average time spent by a visitor was 2...
In January 2022, primary aluminium production in Africa stood at 139,000 tonnes, gaining only 1,000 tonnes month-on-month, found the International Aluminium Institute. In December 2021, primary aluminium production in Africa grew by 7,000 tonnes or 5.34 per cent on month from 131,000 tonnes. In three-month time (November 2021 to January 2022), Africa’s primary aluminium output totalled 408,000 tonnes, up by 3,000 tonnes from 405,000 tonnes in the earlier three months. On a year-on-year calculation, Africa’s primary aluminium production in January 2022 edged a hike of 6,000 tonnes or 4.51 per cent from 133,000 tonnes. In January 2022, the world primary aluminium production amounted to 5.513 million tonnes, down by 0.36 per cent from 5.533 million tonnes in December 2021 and 4.45 per cent...
On Thursday, February 24, Century Aluminum announced its fourth quarter and full-year 2021 results, revealing the net income of $60.4 million for Q4 versus $52.4 million a quarter ago. That was a quarterly increase of 15.27 per cent on higher shipments from 196,095 tonnes to 200,961 tonnes. Net sales increased by 13 per cent in Q4 from $581.4 million to $659.1 million sequentially. Fourth-quarter results were positively impacted by $43.9 million of exceptional items, in particular $53.8 million of unrealized gains on forward derivative contracts (net of tax), partially offset by $9.9 million in share-based compensation costs. Thus, Century reported adjusted net income of $17.2 million for the fourth quarter of 2021, up by 202 per cent sequentially. Adjusted EBITDA in Q4 was recorded at...
National Aluminium Company Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row since February 9. With effect from Friday, February 25, NALCO’s aluminium ingot price has witnessed a surge of INR 20,000 per tonne or 7 per cent for the first time to come in at INR 300,450- 303,950 per tonne. This hike is in line with the rally of the LME aluminium benchmark price to a record high since 2008, following worries of reduced metal supplies from Russia fuelled by Ukraine-Russia conflict . On Thursday, February 24, the three-month LME aluminium future price soared by US$195.50 per tonne or 5.88 per cent to score at US$3,519 per tonne. Thus, on a month-on-month calculation, the price is up by US$474.50 per tonne from US$3,044.50 per tonne....
The controlling shareholder of Tiwai Point aluminium smelter in New Zealand, Rio Tinto will commence transporting the hazardous stuff which is being stowed away at Tiwai Point, as the company initiates clearing up the site, a place where it has produced aluminium for over 50 years. The only aluminium smelter in New Zealand rolled under pressure to clean up the smelter site following it was disclosed that it has been stockpiling potentially toxic waste in storage facilities and a landfill. Although the prospect for the smelter has grown to stay open past its 2024 closure date, Chris Blenkiron, the Chief Executive and General Manager of NZAS said, “Regardless of the closure date or plan for the operation at Tiwai Point, Rio Tinto and NZAS are committed to remediating the site.” ”We are not...
LME aluminium opened at US$3,288 per tonne on Thursday and closed at US$3,365 per tonne, an increase of US$71 per tonne or 2.16 per cent. On Thursday, February 24, LME aluminium prices jumped to a record high since 2008, driven by reduced metal supplies concerns due to Ukraine-Russia conflict. While LME aluminium cash bid price soared by US$195 per tonne or 5.87 per cent to stand at US$3,518 per tonne, LME aluminium official settlement price inflated by US$195.50 per tonne or 5.88 per cent to score at US$3,519 per tonne. 3-month bid price and 3-month offer price closed higher at US$3,443 per tonne and US$3,445 per tonne, respectively. December 23 bid price and December 23 offer price totalled at US$3,063 per tonne and US$3,068 per tonne. LME aluminium opening stock decreased to 824150...
The devolved government of Scotland, the Scottish Government stands strong amid encountering an inherent financial disclosure of £161 million in regards to its connection in the Lochaber aluminium smelter acquisition deal by British Businessman, Sanjeev Gupta owned GFG Alliance. The Scottish Government officials stated, “There was extensive security on the deal and they were more than covered.” However, the Public Audit Committee at Holyrood was informed that the government’s financial exposure scaled to £161 million in 2021 from £37 million in 2020. The ministers of the government delivered a financial commitment to the GFG Alliance, the new buyer of the aluminium smelter at Fort Willian in 2016. Even so, the main lender of GFG Alliance, Greensill Capital, collapsed in 2021. Colin Cook,...
According to the Shanghai Metals Market, social inventories of primary aluminium have totalled 1.1 million tonnes, gaining 60,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. The smelters and traders were highly willing to make shipments, but the downstream demands were suppressed by increased aluminium prices. The rise in inventories was mainly contributed by Gongyi, Wuxi, and Nanhai, found the Shanghai Metals Markets. The chart below indicates the current status of primary aluminium inventories across China in more details: In Gongyi, primary aluminium inventories have built up by 25,000 tonnes week-on-week to come in at 189,000 tonnes, followed by the hike of 20,000 tonnes in Wuxi to 395,000 tonnes. In Nanhai, primary aluminium inventories have...
According to the International Aluminium Institute data, world primary aluminium production in January 2022 stood at 5.513 million tonnes, 0.36 per cent less than 5.533 million tonnes a month ago. However, the output in December was 2.10 per cent higher month-on-month from 5.419 million tonnes. On a year-on-year calculation, world aluminium production in January 2022 recorded a decline of 4.45 per cent from 5.770 million tonnes. China, the world’s leading primary aluminium producer, churned out 3.1 million tonnes of primary aluminium in January 2022, down by 0.29 per cent from 3.109 million tonnes in December 2021 and 7.82 per cent less than 3.363 million tonnes in January 2021. In the entire year of 2021, China’s primary aluminium production totalled 38.837 million tonnes. In the Gulf...
