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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National Aluminium Company Limited (NALCO) has reduced the prices of its aluminium ingot and aluminium products with effect from Friday, December 18, after an interim hike on December 15. With the latest cut, NALCO’s aluminium ingot price has come in at INR 172,350-175,850 per tonne, down by INR 1400 per tonne or per cent from INR 173,750–177,250 per tonne on December 15. NALCO’s aluminium wire rod price has also been cut by INR 1400 per tonne from INR 177,250-181,600 per tonne on December 15 to INR 175,850-180,200 per tonne on December 18. NALCO’s aluminium billets price is standing at INR 175,800- 178,450 per tonne as against INR 177,200-179,850 per tonne on December 15. NALCO, like any other Indian aluminium producers, links its aluminium product and aluminium ingot prices to the...
Benchmark aluminium price on the London Metal Exchange rose by US$ 6.5 per tonne over the week to settle at US$ 2049 per tonne, as of Friday, December 18. Both LME aluminium cash (bid) price and LME official settlement price edged higher this week during December 14-18 after swinging between US$ 2042.50 per tonne and US$ 2049 per tonne. Starting the week on Monday, December 14, at US$ 2042.50 per tonne, the prices shrank to US$ 2022 per tonne on Tuesday, December 15. On Wednesday, December 16, both LME aluminium cash (bid) price and LME official settlement price increased to US$ 2029 per tonne but then dipped by US$ 1 per tonne to US$ 2028 per tonne on Thursday, December 17. To end the week on a bullish note, the prices settled higher at US$ 2049 per tonne. So, over the week, LME...
On 18 th December’20, Harsco Corporation announced that its subsidiary ALTEK is now able to deliver end-to-end dross processing and environmental solutions to enable the global aluminium industry to maximize aluminium recoveries and achieve zero waste. Harsco acquired U.K.-based ALTEK in May 2018, a leading supplier of innovative process technology to the worldwide aluminium industry, to expand the metal recovery by-product reuse capabilities of its environmental division, Harsco Environmental (HE), into the aluminium industry. ALTEK has active equipment in over 600 locations around the world and works with customers, supplying knowledge and technology to improve operating efficiencies and productivity, reduce waste generation, and manage and extract value from waste streams. Presently,...
On 15 th December’20, The Economic Times in a virtual ceremony have recognised Mr Abhijit Pati, CEO and Director of BALCO as ‘Most Promising Business Leaders of Asia 2020-21. This award recognizes eminent business leaders who are poised to make a significant impact in shaping the business demographics of not just their country but also beyond. Mr Pati with an illustrious career spanning over 30 years in the Aluminium Industry has served in several leadership profiles delivering exponential growth. Under his leadership, BALCO continues to deliver excellence. He is passionate about new ideas, innovation, safety, sustainability, and digitalization across the entire value chain. He is also a visionary in the areas of corporate social responsibility and diversity & inclusion. Mr Abhijit Pati,...
A00 aluminium ingot price has soared by RMB 230 per tonne to stand at RMB 16,960 per tonne on Friday, December 18, according to the Shanghai Metals Market. The continuous rise in domestic primary aluminium demand amid limited stocks at warehouses has contributed to the third consecutive day of A00 aluminium ingot price growth. The average prices today are expected to range between RMB 16,940 per tonne and RMB 16,980 per tonne, with the spot contract to be traded at a premium price of RMB 230-270 per tonne, down by RMB 20 per tonne from December 17. In Chongqing, primary aluminium ingot price has recorded the highest growth of RMB 235 per tonne to stand at RMB 16,950 per tonne, followed by an increase of RMB 225 per tonne in Shenyang to RMB 16,915 per tonne. In Foshan and Hangzhou, A00...
Benchmark aluminium price on the London Metal Exchange dipped to US$ 2028 per tonne on Thursday, December 17, 2020, from US$ 2029 per tonne on Wednesday. Both LME aluminium cash (bid) price and LME official settlement price dipped marginally by US$ 1 per tonne to stand at US$ 2028 per tonne on Thursday, December 17. 3-months bid price and 3-months offer price stood at US$ 2041 per tonne, down by US$ 4.5 per tonne from US$ 2045.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2064 per tonne decreasing by US$ 7.50 per tonne from that in December 16. The LME aluminium opening stock plunged to 1371300 tonnes on December 17. Live Warrants stood at 1189275 tonnes, while Cancelled Warrants at 182025 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 2049.50 per...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to reduce this week. Inventories stood 589,000 tonnes as of Thursday, 17 December 2020, a drop of 7,000 tonnes from a week ago. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Tianjin increased by 5,000 tonnes and 1,000 tonnes from a week ago to 178,000 tonnes and 46,000 tonnes as of Thursday, 17 December 2020. Inventories in Gongyi, Chongqing and Linyi remained unchanged at 66,000 tonnes, 2,000 tonnes and 5,000 tonnes. Inventories of aluminium in Shanghai, Nanhai and Hangzhou stood at 91,000 tonnes, 130,000 tonnes and 71,000 tonnes. That was...
The Anglo-Australian multinational and the world's second-largest metals and mining corporation, Rio Tinto has appointed Jakob Stausholm as chief executive, effective 1 January 2021. In 2018, Mr Stausholm joined Rio Tinto as an Executive Director and Chief Financial Officer and since then he has played a leading role in the Group’s strong performance, maintaining capital allocation discipline and delivering significant shareholder returns, while strengthening the balance sheet. Jakob Stausholm, an experienced global executive, with 25 years in leadership roles in capital intensive and service industries across Europe, Latin America and Asia-Pacific. Before joining at Rio Tinto, he was Group Chief Financial Officer and Strategy & Transformation Officer of A.P. Moeller – Maersk A/S....
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth for the second consecutive day by RMB 80 per tonne on Thursday, December 17, to stand at RMB 16,730 per tonne. The average prices are expected to range between RMB 16,710 per tonne and RMB 16,750 per tonne, with the spot contract to be traded at a premium price of RMB 250-290 per tonne. In Hangzhou and Linyi, A00 aluminium ingot price has expanded by RMB 100 per tonne to come in at RMB 16,740 per tonne and RMB 16,690 per tonne, respectively, while that in Wuxi has increased by RMB 90 per tonne to stand at RMB 16,750 per tonne. In Gongyi, Foshan, and Shenyang, A00 aluminium ingot price has hiked by RMB 80 per tonne to RMB 16,530 per tonne, RMB 16,850 per tonne, and RMB 16,690 per tonne. In Chongqing, the...
Benchmark aluminium price on London Metal Exchange edged up 0.35 per cent to US$ 2029 per tonne on Wednesday, 16 December 2020, from US$ 2022 per tonne on Tuesday. As of Wednesday December 16, LME aluminium cash (bid) price stands at US$ 2029 per tonne, LME official settlement price stands at US$ 2029 per tonne; 3-months bid price stands at US$ 2045.50 per tonne, 3-months offer price is US$ 2045.50 per tonne; Dec 21 bid price stands at US$ 2071.50 per tonne, and Dec 21 offer price stands at US$ 2071.50 per tonne. The LME aluminium opening stock stood at 1377225 tonnes. Live Warrants totalled 1191275 tonnes, and Cancelled Warrants were 185950 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2033.94 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
The Canadian Technology company, ELYSIS, that has been delivering disruptive innovation for aluminium smelting is now a step closer towards commercialization of a process to produce carbon-free aluminium and it has reached another significant milestone with the accomplishment of construction of the Industrial Research and Development Center in Saguenay-Lac-Saint-Jean, Québec. ELYSIS, a joint venture by Alcoa and Rio Tinto, is scaling up a breakthrough technology that eliminates all direct greenhouse gases from the aluminium smelting process, instead of producing oxygen. Vincent Christ, CEO of ELYSIS, said: “We’re proud to have reached this milestone with completing the Industrial Research and Development Center, despite the challenges of 2020 with the global pandemic. Commissioning the...
A00 aluminium ingot price has recorded an increase of RMB 110 per tonne after two consecutive days of downfall to stand at RMB 16,650 per tonne, as of Wednesday, December 16, according to the Shanghai Metals Market. The average prices are expected to range between RMB 16,630 per tonne and RMB 16,670 per tonne, with the spot contract to be traded at a premium price of RMB 240-280 per tonne, up by RMB 230 per tonne from the previous day. In Gongyi, A00 aluminium ingot price has grown the highest by RMB 130 per tonne to come in at RMB 16,450 per tonne, followed by a hike of RMB 120 per tonne in Foshan and Wuxi to RMB 16,770 per tonne and RMB 16,660 per tonne, respectively. In Hangzhou, Chongqing, and Tianjin, the primary aluminium ingot price has climbed by RMB 100 per tonne to stand at RMB...
The LME complex rose broadly on Tuesday but aluminium shed 0.98 per cent. Benchmark aluminium price on the London Metal Exchange decreased 1 per cent to US$ 2022 per tonne, as of Tuesday, December 15. Both LME aluminium cash (bid) price and LME official settlement price relapsed to US$ 2022 per tonne on December 15, from US$ 2042.50 per tonne on December 14. 3-months bid price and 3-months offer price stood at US$ 2038 per tonne, down by US$ 16 per tonne from US$ 2054 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2067 per tonne. The LME aluminium opening stock remained almost restrained at 1357375 tonnes on December 15. Live Warrants stood at 1175000 tonnes, while Cancelled Warrants at 182375 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 2037per...
Bosnian and Herzegovinian aluminium producer Aluminij signed a five-year contract with Glencore, the British-Swiss company for the supply of aluminium billets. The synergy between Aluminij and Glencore is consequential for both companies, as their alliance goes back long before last year's suspension of Aluminij's operations. However, details about the financial aspects of the deal or the agreed volume of aluminium billets are yet to be disclosed. The troubled Aluminij resumed production last month, following a 15-month halt and the credit goes to the agreement with an Israeli-Chinese tie-up. Aluminij Industries d.o.o., the newly established Bosnian subsidiary of Israel's M.T. Abraham Group and its partners, China Machinery Engineering Corporation (CMEC) and China Nonferrous Metal...
Data from the National Bureau of Statistics (NBS) showed China’s primary aluminium production in November grew 8.7 per cent year-on-year to 3.18 million tonnes, with daily output hit a record high. Despite a month-on-month downfall of 0.6 per cent in production from October's 3.2 million tonnes, November’s daily output stood at 106,000 tonnes outperforming September’s record of 105,433 tonnes. The hike in production could be attributed to new smelting capacities came online to take advantage of strong demand and high prices in the market. Aluminium prices in China surged 15 per cent in November before striking a nine-year high of RMB 16,925 per tonne on December 2 amid the low input costs. This led to a strong profit margin encouraging smelters to churn out as much metal as possible....
According to the Shanghai Metals Market, A00 aluminium ingot price has decreased for the second day in a row by RMB 110 per tonne to stand at RMB 16,540 per tonne, as of Tuesday, May 15. The average prices are expected to range between RMB 16,520 per tonne and RMB 16,560 per tonne, with spot contract to be traded at a premium price of RMB 10-50 per tonne, down by RMB 20 per tonne from the previous day. In Gongyi and Linyi, A00 aluminium ingot price has declined by RMB 130 per tonne to peg at RMB 16,320 per tonne and RMB 16,490 per tonne, respectively, found SMM. In Chongqing, Shenyang, and Wuxi, primary aluminium ingot price has plunged by RMB 125 per tonne, RMB 120 per tonne, and RMB 115 per tonne, respectively, to hover at RMB 16,540 per tonne. The price in Hangzhou and Tianjin is also...
Are you still away from using our easy to navigate and read news app – AlCircle News? Then you are certainly missing on interesting features and technologies that give a sheer experience to read news in just a few clicks and stay updated with the latest developments in the aluminium value chain market from anywhere and at any time. Here, we have listed all the features offered by our news app that will certainly address the changing pattern of news consumption in the current fast paced life. News Chronology News in the app are covered vertical-wise and chronologically right from the upstream aluminium to downstream and recycle on the homepage for an easy read. At the footer, you may click to read the latest news, watch videos, or go to the sections page to find each vertical of news along...
The LME complex ended higher on Monday, December 14, with aluminium advanced 0.76 per cent. Benchmark aluminium price on the London Metal Exchange surged 1.01 per cent to US$ 2042.50 per tonne, as of Monday. Both LME aluminium cash (bid) price and LME official settlement price soared by US$ 20.5 per tonne to stand at US$ 2042.50 per tonne on Monday, December 14. 3-months bid price and 3-months offer price stood at US$ 2054 per tonne, up by US$ 19.50 per tonne from US$ 2034.50 per tonne to US$ 2054 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2082.50 per tonne. The LME aluminium opening stock jumped from 1329600 tonnes to 1357650 tonnes on December 14. Live Warrants stood at 1177525 tonnes, while Cancelled Warrants at 180125 tonnes. LME aluminium 3-months Asian...
