Maaden’s aluminium business delivered a stronger Q2 2026 performance, with revenue rising 49 per cent year on year to USD 1.01 billion, supported by higher aluminium production and stronger realised prices. According to industry sources, Maaden’s aluminium business produced 242,000 tonnes in Q2 2026, while realised aluminium prices reached USD 3,915 per tonne, up 51 per cent. The combination of higher aluminium output and stronger realised prices helped drive the 49 per cent increase in Maaden aluminium revenue to USD 1.01 billion. The growth came alongside gains in both volume and pricing rather than from a one-off accounting effect. The stronger Q2 performance puts aluminium prices in focus for Maaden’s earnings. With realised aluminium prices reaching USD 3,915 per tonne, the company...
Vedanta Aluminium has become India’s second-largest exporter of goods from a Special Economic Zone (SEZ), recording exports of around USD 3.5 billion in FY26, according to the company. Its SEZ facility in Jharsuguda, Odisha, contributed around 6 per cent of India’s total SEZ goods exports during the financial year ended March 2026. The company supplies customers in more than 60 countries, including markets in Europe, the United States, Japan and Southeast Asia. Vedanta Aluminium’s export portfolio includes primary and value-added aluminium products such as billets, wire rods, rolled products, primary foundry alloys and ingots. It also includes the company’s low-carbon Restora aluminium range, manufactured using renewable energy with GHG emissions of below 4 tonnes of CO2 equivalent per...
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RUSAL has won the Vernadsky National Environmental Award for its dry gas cleaning system (DGCS) in the category "Innovative eco-efficient technologies in industry and energy". The new technology captures over 99.5 % of hydrogen fluoride and solid fluoride gases and provides savings in capital costs. The scientific divisions which include the SibVAMI (Irkutsk), RUSAL ITC (Krasnoyarsk), Bratsk (BrAZ), Novokuznetsk (NkAZ) and Irkutsk (IrkAZ) aluminium smelters presented the DGCS. "The overwhelming evidence of both DGCS’ energy efficiency and environmental friendliness along with its positive effect on CAPEX allowed RUSAL to switch swiftly to the use of its own technology and equipment, replacing foreign analogues. Support for and recognition from the expert community of corporate efforts to...
Benchmark aluminium price on London Metal Exchange rose 0.3 per cent to US$ 1999 per tonne on Wednesday, 23 December 2020, from US$ 1993 per tonne on Tuesday. As of Wednesday December 23, LME aluminium cash (bid) price stands at US$ 1999 per tonne, LME official settlement price stands at US$ 1999 per tonne; 3-months bid price stands at US$ 2008.50 per tonne, 3-months offer price is US$ 2008.50 per tonne; Dec 21 bid price stands at US$ 2033 per tonne, and Dec 21 offer price stands at US$ 2033per tonne. The LME aluminium opening stock stood at 1378100 tonnes. Live Warrants totalled 1190925 tonnes, and Cancelled Warrants were 187175 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1993 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased...
A00 aluminium ingot price in China has registered a hike on Wednesday, December 24, after three consecutive days of decline during December 21-23 from RMB 16,960 per tonne to RMB 16,060 per tonne. The price today is standing at RMB 16,270 per tonne after growing by RMB 210 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 16,250 per tonne and RMB 16,290 per tonne, with spot contract to be traded at a premium price of RMB 230-270 per tonne, up by RMB 20 per tonne from the previous day. The primary aluminium ingot price in Foshan has seen the highest growth of RMB 280 per tonne to stand at RMB 16,480 per tonne, followed by the hike of RMB 225 per tonne in Chongqing to RMB 16,335 per tonne. In Gongyi and Wuxi, A00 aluminium ingot price has...
SMM aluminium ingot price has extended decline for the third consecutive day. The aluminium price now stands at RMB 16060 per tonne on Wednesday, December 23, 2020 from Tuesday’s price of RMB 16350 per tonne. This marks a drop of RMB 290 per tonne. The price is expected to move within a range of RMB 16040-16080 per tonne. In Foshan and Wuxi, the price has slipped by RMB 260 per tonne and RMB 290 per tonne to stand at RMB 16200 per tonne and RMB 16060 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 16130 per tonne and 16110 per tonne, down RMB 250 per tonne and RMB 230 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have declined to stand at RMB 16055 per tonne, RMB 16110 per tonne, RMB 16160 per tonne, and RMB 16000 per tonne. The...
The LME complex cruised lower on Tuesday, including aluminium slipped 1.63 per cent. Benchmark aluminium price on the London Metal Exchange plunged by 0.97 per cent to US$ 1993 per tonne on Tuesday, December 22, from US$ 2012.50 per tonne on Monday. Both LME aluminium cash (bid) price and LME official settlement price declined by US$ 19.50 per tonne on Tuesday, December 22, to peg at US$ 1993 per tonne, marking the second consecutive day of downfall. 3-months bid price and 3-months offer price stood at US$ 2006.50 per tonne, a decrease of US$ 17 per tonne from US$ 2023.50 per tonne on December 21. Dec 21 bid price and Dec 21 offer price came in at US$ 2027.50 per tonne. The LME aluminium opening stock plunged from 1390350 tonnes to 1383725 tonnes on Tuesday, December 22, after an...
In November 2020, primary aluminium production in Africa came in at 129,000 tonnes, a decrease of 7,000 tonnes or 5.15 per cent month-on-month. In October 2020, Africa’s aluminium production stood at 136,000 tonnes, up by 5,000 tonnes or 3.82 per cent from 131,000 tonnes in September. On a year-on-year calculation, Africa’s primary aluminium output in November 2020 declined by 4,000 tonnes or 3 per cent from 133,000 tonnes. During September-November, Africa produced 396,000 tonnes of primary aluminium compared with 405,000 tonnes during the same period last year. In total 11 months of the year, Africa’s primary aluminium production amounted to 1.468 million tonnes, down by 2.39 per cent year-on-year from 1.504 million tonnes. Across the world, primary aluminium production in November 2020...
North America’s primary aluminium production stood at 327,000 tonnes in November 2020, representing an increase of 5.14% year-on-year, according to the latest data showed by the International Aluminium Institute (IAI). On a month on month basis, the output dropped by 2.1 per cent from October’s production of 334,000 tonnes. The output came in at 3.637 million tonnes in the first eleven months of 2020, from 3.485 million tonnes in the first eleven months of 2019. This recorded a decline of 4.36 per cent year-on-year. In South America , primary aluminium production reduced by 9.47 per cent year-on-year and 2.27 per cent month-on-month in November 2020. The output stood at 86,000 tonnes. Primary aluminium production declined from 983,000 tonnes in January-November 2019 to 915,000 tonnes in...
Emirates Global Aluminium has signed a series of agreements with PT Indonesia Asahan Aluminium (INALUM) for delivery of technological know-how to upgrade the Indonesian company’s aluminium smelter in North Sumatra. The signing was part of Indonesia UAE Week, which was organised by the two countries’ Embassies to further deepen economic ties between the UAE and Indonesia. EGA will deliver expertise to upgrade the performance of the INALUM smelter by retrofitting improvements to its existing technology, which was first installed in 1982. The expected time to conclude the project will take some 18 months and it aims to increase production at the North Sumatran smelter by 20,000 tonnes of aluminium per year. EGA has extensive experience in upgrading aluminium smelting technology. The company...
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium products with effect from Tuesday, December 22, after two consecutive hikes on December 10 and December 11. With the latest cut, Vedanta’s aluminium ingot price has come in at INR 167,750-180,750 per tonne, down by INR 1,500 per tonne from INR 169,250-182,250 per tonne on December 11. Vedanta is currently selling its aluminium wire rod at INR 175,250-182,750 per tonne after reducing it by INR 1,500 per tonne as well from INR 176,750-184,250 per tonne. Vedanta’s aluminium billet price has shrunk to INR 175,750 per tonne from INR 177,250 per tonne on December 11. Vedanta, like any other Indian aluminium producers, links its aluminium product and aluminium ingot prices to the three-month futures of aluminium on the...
According to the latest data released by the International Aluminium Institute (IAI), world primary aluminium production in November 2020 stood at 5.471 million tonnes, recording a downfall of 3.03 per cent month-on-month from 5.642 million tonnes. This decline comes after an intermittent hike of 4.46 per cent in October from 5.401 million tonnes in September 2020. However, on a year-on-year comparison, global primary aluminium output in November 2020 stood higher by 4.11 per cent from 5.255 million tonnes, showed the IAI data. In 11 months during January-November 2020, world primary aluminium production totalled 59.707 million tonnes, up by 2.56 per cent from 58.218 million tonnes during the same period last year. China, being the world's leading primary aluminium producer, churned out...
Hydro announced that internal testing program has verified the company’s new primary aluminium production technology, HAL4e. The test shows that Karmøy Technology Pilot is operating at around 15 percent lower energy consumption than the world average. Hydro Karmøy Technology Pilot started producing aluminium in January 2018. The target was an industrial full-scale verification of aluminium production technology. The final performance test proved successful results. “Twenty of the 60 HAL4e pots were selected for the final performance test, which was conducted for 75 days between October and December. During the test period, a range of additional measurements were performed on a number of parameters and exact production figures were traced and recorded. The energy results came in at 12.27...
According to the Shanghai Metals Market, A00 aluminium ingot price has extended the downfall, although slower than on December 21, to stand at RMB 16,350 per tonne, as of Tuesday, December 22. The price today has fallen by RMB 180 per tonne compared with the decline of RMB 430 per tonne on Monday. The average aluminium ingot prices are expected to range between RMB 16,330 per tonne and RMB 16,370 per tonne, with the spot contract to be traded at a premium price of RMB 220-240 per tonne, down by RMB 10 per tonne from the previous day. A00 aluminium ingot price in Linyi has seen the highest downfall of RMB 230 per tonne to RMB 16,350 per tonne, followed by the decline of RMB 200 per tonne in Foshan to RMB 16,460 per tonne on December 22. In Chongqing and Wuxi, A00 aluminium ingot price has...
Benchmark aluminium price on London Metal Exchange dropped 1.78 per cent to US$ 2012.5 per tonne on Monday, 21 December 2020, from US$ 2049 per tonne on Friday. As of Monday December 21, LME aluminium cash (bid) price stands at US$ 2012.50 per tonne, LME official settlement price stands at US$ 2012.50 per tonne; 3-months bid price stands at US$ 2023.50 per tonne, 3-months offer price is US$ 2023.50 per tonne; Dec 21 bid price stands at US$ 2038.50per tonne, and Dec 21 offer price stands at US$ 2038.50per tonne. The LME aluminium opening stock stood at 1390350 tonnes. Live Warrants totalled 1201500 tonnes, and Cancelled Warrants were 188850 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2031.42per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter (ex-China) with a production of more than 1.35 million tonnes per annum has bagged the much-coveted GCC Industrial Project of the Year in the 2020 edition of the MEED Projects Awards for its Line 6 expansion project. The MEED Projects Awards recognise the best projects in the GCC across various sectors and promotes best practices in project delivery and operations, as well as innovation and sustainability. The Line 6 Expansion Project of Alba has also been elected as National Winner for both Industrial Project of the Year and Mega Project of the Year Awards. Following a rigorous judging process based on a range of criteria including innovation, sustainability, design, and engineering among others, Alba’s Line 6...
The LME complex ended mixed on last Friday, with aluminium fell 0.56 per cent. Benchmark aluminium price on the London Metal Exchange closed the week with an increase of 1.04 per cent to stand at US$ 2049 per tonne. Both LME aluminium cash (bid) price and LME official settlement price soared by US$ 21 per tonne on Friday, December 18, to peg at US$ 2049 per tonne. 3-months bid price and 3-months offer price stood at US$ 2059 per tonne growing by US$ 18 per tonne from US$ 2041 per tonne on December 17. Dec 21 bid price and Dec 21 offer price came in at US$ 2074 per tonne, up by US$ 10 per tonne from the previous day. The LME aluminium opening stock further decreased to 1367025 tonnes on Friday, December 18. Live Warrants hovered at 1180375 tonnes, while Cancelled Warrants at 186650 tonnes....
Alcoa Corporation will stop its curtailment plans for its San Ciprián aluminium smelter in Spain while after High Court of Justice of Galicia declared the collective dismissal process “null and void.” In October, the company announced it will cut the smelter’s 228,000 tons of annual capacity and proceed with the collective dismissal of employees after completing four months of consultations. The workers’ representatives filed a lawsuit with the Court, which ruled in favour of the workers on December 17, 2020. As a result, Alcoa will not incur the expected charge of $35 million to $40 million for employee-related costs in the fourth quarter. The company will now expect a negative impact on income before income taxes of approximately $10 million in Q4 due to a related labor strike at both...
SMM aluminium ingot price marks a drop of RMB 430 per tonne after three days of rise. The price now stands at RMB 16530 per tonne on Monday, December 21, 2020 from Friday’s price of RMB 16960 per tonne. The price and is expected to move within a range of RMB 16510-16550 per tonne. In Foshan and Wuxi, the price has inched down by RMB 410 per tonne and RMB 430 per tonne to stand at RMB 16660 per tonne and RMB 16530 per tonne. Aluminium prices in Hangzhou and Chongqing have come in at RMB 16530 per tonne and 16525 per tonne, down RMB 430 per tonne and RMB 425 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have declined to stand at RMB 16520 per tonne, RMB 16520 per tonne, RMB 16580 per tonne, and RMB 16320 per tonne. The aluminium alloy (ADC12) price stands at RMB...
The world's leading producer of low carbon aluminium and largest private sector generator of hydropower, EN+ Group, highlighted the response published last week by the London Metal Exchange (LME) towards industry feedback on its sustainability discussion paper that En+ counts do not address the industry's concerns. En+ believes the LME's announced plans acts for a lost opportunity to drive industry-wide meaningful change as the world looks to 'build back better' from the impact of the global COVID-19 pandemic in 2021. Lord Barker, Executive Chairman of En+ Group, said: "We warmly welcome this long-overdue first step by the LME into the low carbon age but it doesn't go far enough. London should lead global Green commerce and trading; timid actions don't cut it. So, we will be looking for...
