Vedanta Aluminium Metal has appointed Abhinav Gupta as Chief Financial Officer (CFO), Jharsuguda, effective July 2026, adding a finance executive with more than two decades of experience across Vedanta and Hindustan Zinc to the Odisha operation. Gupta joins Vedanta Aluminium from Vedanta Sesa Goa Iron Ore, where he served as Deputy CFO for the Iron Ore Business from December 2021 to June 2026. In his new position, Gupta will oversee the Jharsuguda unit’s financial strategy and business planning, along with cash flow, working capital, capital allocation, cost management, risk management, compliance, and governance. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: "Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows &...
Vedanta Aluminium could see a 31 per cent upside from its current market price, with Kotak Neo retaining a ‘Buy’ rating and a price target of INR 540 as it expects a firm aluminium market to support the company's earnings growth. The research house expects global aluminium markets to remain tight through calendar year 2028, with project execution challenges potentially limiting the pace of new supply from Indonesia. It said the market may be underestimating the durability of the aluminium upcycle and Vedanta Aluminium's earnings growth potential. Vedanta Aluminium Metal shares were trading 3.02 per cent higher at INR 416.50 on Friday, September 18, 2026, compared with the previous close of approximately INR 404.30. The stock has declined around 8 per cent over the past month. At INR...
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Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation, the inventories fell by 13,000 tonnes from 626,000 tonnes on October 24. The continued decline in inventories could be attributed to the ongoing closure of Gongyi Railway Station as it had been hindering cargo arrivals. The chart below represents the current status of primary aluminium inventories across China in more details: According to SMM data, primary aluminium inventories in Wuxi decreased by 5,000 tonnes over this weekend ended October 31 to stand at 205,000 tonnes, followed by the...
Australia's leading provider of aluminium products and associated services, Capral, introduced LocAl®, a lower-carbon primary aluminium option available across Capral's locally manufactured extruded aluminium products. The nation's largest extruder provides Australian manufacturers access to cleaner, greener, more sustainable aluminium for their projects. The LocAl® offer includes two low-carbon aluminium options amongst the lowest carbon aluminium available globally: LocAl® Green with carbon emissions of 8kg CO2e/kg Al* LocAl® Super Green at 4kg CO2e/kg Al* As part of Capral's 2022 commitment to reach net-zero emissions by 2050, the company is driving rapid innovation and cultural evolution throughout the organization, particularly within procurement and operations. LocAl® represents a...
LME aluminium opened at US$2,230.5 per tonne Monday, with its high and low at US$2,241 per tonne and US$2,188.5 per tonne respectively before closing at US$2,225.5 per tonne, a drop of US$8.5 per tonne or 0.38 per cent. On October 31, Monday LME aluminium cash bid price dropped by US$29.50 per tonne or 1.32 per cent to halt at US$2,196 per tonne, and the LME aluminium official settlement price also declined by US$29 per tonne or 1.3 per cent to rest at US$2,197 per tonne. The 3-month bid price decreased by US$30.50 per tonne or 1.36 per cent to close at US$2,205 per tonne and the 3-month offer price slumped by US$29 per tonne or 1.3 per cent to close at US$2,207 per tonne. December 23 bid price and December 23 offer price recorded a US$35 per tonne or 1.51 per cent fall, stopping at...
On November 1, 2022, China Hongqiao Group said it would move 2 million tonnes of its capacity to the country’s southwest by the end of next year, as was decided earlier, despite the recent electricity supply disruptions there. The news came after Ron Knapp, adviser to the office of the chairman, told Reuters on Monday that Hongqiao Group built 850,000 tonnes of capacity in Yunnan this year, and by the end of 2023, it would build a total 2.03 million tonnes of capacity in Yunnan Hongtai plant. He clarified that relocation would occur despite Yunnan's ongoing power supply disruptions. The world’s top private aluminium producer had previously said it would move more than 60 per cent of its 6.46 million tonnes of capacity to Yunnan province from northern Shandong province by the end-2025 to...
On Tuesday, November 1, A00 aluminium ingot price in China ascended by RMB 180 per tonne to settle at RMB 18,040 per tonne, with the average prices standing between RMB 18,020 per tonne and RMB 18,060 per tonne. The spot contract price is likely to be traded at a discount price of RMB 30 per tonne to a premium price of RMB 10 per tonne. In Foshan and Gongyi, the prices gained RMB 230 per tonne and RMB 220 per tonne to peg at RMB 18,260 per tonne and RMB 18,140 per tonne. The A00 aluminium ingot price in Linyi and Chongqing settled at RMB 18,070 per tonne and RMB 18,250 per tonne after witnessing a hike of RMB 210 per tonne and RMB 200 per tonne. On the same day, in Wuxi and Hangzhou, the prices increased by RMB 190 per tonne to reside at RMB 18,050 per tonne and RMB 18,100 per tonne. In...
Hindalco Industries Limited axed its aluminium ingot and aluminium products prices, effective from Saturday, October 29, following a hike on a day before. On Friday, October 28, Hindalco increased its aluminium ingot price by INR 11,500 per tonne to sell the item at INR 217,000, while on October 29, the company reduced it by INR 6,500 per tonne or 3 per cent to INR 210,500 per tonne. Hindalco’s aluminium wire rod price also saw a cut of INR 6,500 per tonne on October 29 to come in at INR 221,600 per tonne after it rallied by INR 11,500 per tonne on the previous day to peg at INR 228,100 per tonne. The company’s aluminium billets price is currently summed up at INR 224,600 per tonne, with effect from October 29, versus INR 231,100 per tonne on October 28. Hindalco Industries Limited cut...
The Russian aluminium giant and the sole primary aluminium producer in Russia, RUSAL, revealed its updated corporate Environmental Policy. The Environmental policy sets the company goal as “Creating a fundamentally new approach to production to meet the principles of the green economy” and for this purpose, RUSAL will pursue leveraging the best available technologies and innovations, striving to harmonize the company's development while mitigating adverse environmental impacts. An essential fundamental of a green economy is decoupling economic growth from environmental impact. According to the updated Environmental Policy, this is the way Rusal will follow to build a brand-new class of sustainable metallurgical production. It will be accompanied by: The rational consumption of primary...
A00 aluminium ingot price has plummeted by RMB 440 per tonne to close at RMB 17,860 per tonne, as the Shanghai Metals Market recorded on Monday, October 31. The average prices are expected to range between RMB 18,840 per tonne and RMB 17,880 per tonne, with spot contracts trading at the discount price of RMB 40 per tonne. The provinces in China have witnessed hugely decreasing prices today, with the A00 aluminium ingot price dropping the highest in Linyi by RMB 490 per tonne to stop at RMB 17,860 per tonne, followed by RMB 430 per tonne fall in Wuxi resting at RMB 17,860 per tonne. In Shenyang, the aluminium price came in at RMB 17,920 per tonne with a downfall of RMB 420 per tonne, whereas in Foshan and Tianjin, the prices dropped by RMB 410 per tonne to accumulate at RMB 18,030 per...
LME aluminium opened at US$2,284.5 per tonne last Friday, with its high and low at US$2,285 per tonne and US$2,191 per tonne, respectively, before closing at US$2,234 per tonne, a drop of US$57 per tonne or 2.49 per cent. On Friday, October 28, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$71 per tonne or 3.09 per cent to record US$2,225.50 per tonne and US$2,226 per tonne. 3-month bid price and 3-month offer price plunged by US$64.5 per tonne or 2.80 per cent and US$66 per tonne or 2.86 per cent to halt at US$2,235.50 per tonne and US$2,236 per tonne. December 23 bid price and December 23 offer price slumped by US$60 per tonne or 2.52 per cent to peg at US$2,315 per tonne and US$2,320 per tonne. LME aluminium opening stock settled at 587425...
This week the global primary aluminium industry witnessed a lot of significant events. The ongoing geopolitical conflict between Russia and Ukraine has brought about many changes in the industry. To begin with, on October 24, 2022, Norsk Hydro's CEO and President Hilde Merete Aasheim urged the European Union and the United States to stop importing Russian aluminium onto their respective continents. On October 24, five European business organisations said they had encouraged European policymakers to avoid imposing sanctions, tariffs, or boycotts on Russian aluminium. From the market forefront, Hydro reported an adjusted EBIDTA of NOK9,721 million in 3Q2022, an increase of 34.65% from NOK7,219 million for the same period in the previous year. Due to port congestion and a decrease in...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, October 27, the inventories totalled 621,000 tonnes, which in comparison with the month’s last Monday, October 24, shrunk by 5,000 tonnes. As of now, the inventories in October dropped by 361,000 tonnes, as recorded in the same period last year. The local inventory was getting dumped in the warehouse because the imports to Wuxi were as usual, but the market transactions were slow. The Gongyi Railway Station in Henan province has started restoration work from the evening of October 26, which assures the traders that more cargoes will enter the station next week, but the local...
As of October 27, the domestic aluminium billet social inventory settled at 55,800 tonnes, down by 16,100 tonnes from the previous week. Since the National Day break ended, the inventory witnessed a downfall and was also at its lowest point in recent years. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan plunged by 13,300 tonnes or 25.97 per cent to settle at 37,900 tonnes from 51,200 tonnes recorded last week. On the same day, inventories in Huzhou and Changzhou dropped by 1000 tonnes and 800 tonnes to peg at 5,000 tonnes and 4,100 tonnes. As per the data, inventories in Wuxi and Nanchang slumped by 600 tonnes and 400 tonnes to record at 5,200 tonnes and 3,600 tonnes. As a result of logistical problems...
The Dutch aluminium producer Delfzijl Aluminum commonly known as Aldel, filed for bankruptcy with the court on Thursday, October 27. The news was confirmed by Eric Wildschut, director of finance. High energy costs are the primary reason for the financial issues, resulting from which they had stopped manufacturing since the beginning of September. In 1966, Damco Aluminum Delfzijl (Aldel) was established in Delfzijl and considered one of the biggest employers in Northeast Groningen. The plant melts and casts high-quality aluminium consumed in the automobile sector. The factory requested the judicial deferral of payment on Monday, October 24. Since then, the Dutch aluminium maker has attempted to work with an administrator to establish a payment option, but according to Wildschut, there need...
LME aluminium opened at US$2,333.5 per tonne on Thursday; with its high and low at US$2,341.5 per tonne and US$2,275 per tonne, respectively, before closing at US$2,291 per tonne, a drop of US$39 per tonne or 1.67 per cent. On October 27, Thursday LME aluminium cash bid price augmented by US$31.50 per tonne or 1.39 per cent to halt at US$2,296.50 per tonne, and the LME aluminium official settlement price also escalated by the exact same percentage to rest at US$2,297 per tonne. The 3-month bid price and 3-month offer price increased by US$40 per tonne or 1.77 per cent to close at US$2,300 per tonne and US$2,302 per tonne, respectively. December 23 bid price and December 23 offer price recorded a US$43 per tonne or 1.84 per cent hike, stopping at US$2,375 per tonne and US$2,380 per tonne....
On Friday, October 28, A00 aluminium ingot price in China slumped by RMB 280 per tonne to reside at RMB 18,300 per tonne, with the average prices standing between RMB 18,280 per tonne and RMB 18,320 per tonne. The spot contract price is likely to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00 aluminium ingot price has experienced a decline in all the major provinces. In Hangzhou and Foshan, the prices descended by RMB 290 per tonne and RMB 280 per tonne to peg at RMB 18,310 per tonne and RMB 18,440 per tonne. On the same day, in Wuxi and Chongqing, the prices closed at RMB 18,290 per tonne and RMB 18,450 per tonne after witnessing a price cut of RMB 260 per tonne and RMB 250 per tonne. As per the SMM data, prices in Gongyi and Linyi plunged by RMB 230 per tonne to...
The diversified miner and metal producer, South32, has maintained its outlook for a few commodities over the longer term, despite the decrease in base metal prices. Following the company's annual general meeting (AGM), Graham Kerr, the CEO, said, "In the company's longer-term, commodities such as copper, nickel, zinc and silver would pursue to play an essential role in decarbonising the world." "That demand will be super strong, and the reality is that supply over the last five or six years has been shrinking, and there has been a severe lack of investment and exploration. So we will see higher prices in the long-term, which will make the industry very attractive." Regarding South32’s outlook on further acquisitions in the base metals sector, Kerr pointed out that there were few...
A00 aluminium ingot price has decreased by RMB 60 per tonne to close at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on Thursday, October 27. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at the discount price of RMB 40 per tonne. The provinces in China have witnessed declining prices today, with the A00 aluminium ingot price dropping the highest in Tianjin by RMB 140 per tonne to stop at RMB 18,550 per tonne, followed by RMB 90 per tonne fall in Gongyi and Shenyang resting at RMB 18,500 per tonne and RMB 18,550 per tonne, respectively. In Foshan, the aluminium price came in at RMB 18,720 per tonne with a downfall of RMB 80 per tonne, whereas in Chongqing, the price dropped by RMB 70 per tonne to...
LME aluminium opened at US$2,222 per tonne on Wednesday, with its high and low at US$2,343.5 per tonne and $2,217.5 per tonne, respectively, before closing at US$2,330 per tonne, an increase of US$115 per tonne or 5.19 per cent. On Wednesday, October 26, both LME aluminium cash bid price and LME aluminium official settlement price soared up by US$95 per tonne or 4.37 per cent to settle at US$2,265 per tonne and US$2,265.50 per tonne. 3-month bid price and 3-month offer price surged by US$70 per tonne or 3.19 per cent to halt at US$2,260 per tonne and US$2,262 per tonne. December 23 bid price and December 23 offer price were hiked by US$60 per tonne or 2.64 per cent and 2.63 per cent to peg at US$2,332 per tonne and US$2,337 per tonne. LME aluminium opening stock closed at 574075 tonnes....
