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...
Grow with
AL Circle
According to the latest data shared by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), aluminium ingot production in Iran rose by 52.2 per cent year-on-year during March-November 2020 to stand at 271,300 tonnes. By the end of the current Iranian calendar year (March 20, 2021), Iran’s aluminium ingot output is expected to increase by 63 per cent. Iran’s major aluminium producers produced 275,716 tonnes of aluminium ingots in the past year ended on March 19, 2020, according to IMIDRO. The production fell by 8 per cent in comparison to the same period of the previous year. IMIDRO also showed that Iran’s top aluminium ingot producer Iranian Aluminum Company (IRALCO) had the best performance registering a 4 per cent hike during the mentioned period. On...
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 14, with a downfall of RMB 70 per tonne to stand at RMB 16,650 per tonne, following two consecutive hikes to RMB 16,720 per tonne. The average prices are expected to range between RMB 16,630 per tonne and RMB 16,670 per tonne, with a spot contract to be traded at a premium price of RMB 30-70 per tonne. In Gongyi and Hangzhou, A00 aluminium ingot price has decreased by RMB 80 per tonne to peg at RMB 16,450 per tonne and RMB 16,650 per tonne, respectively. In Linyi, Wuxi, and Shenyang, the primary aluminium ingot price has plunged by RMB 70 per tonne, RMB 65 per tonne, and RMB 50 per tonne to come in at RMB 16,620 per tonne, RMB 16,655 per tonne, and RMB 16,660 per tonne. In...
The Government of Australia will step in as shield for Alcoa’s struggling Portland Aluminium smelter in Victoria to relieve pressure on the power grid, as reported by two ministers on December 14. The government has decided to underwrite up to A$76.8 million ($57.94 million) in revenue earned by the Alcoa Corp-owned aluminium smelter, which feeds 10% of Victoria's electricity needs, to 2025. Angus Taylor, Minister for Energy and Emissions Reduction said: "The Portland aluminium smelter provides unique and valuable energy services and emergency reserves to the grid, particularly over summer." The Victorian aluminium smelter has been accredited as a lifeline for hundreds of workers, but as a lost opportunity to move towards renewable energies. The Australian Workers' Union Victorian branch...
The LME complex declined mostly on last Friday, with aluminium pulled back 0.73 per cent. Benchmark aluminium price on the London Metal Exchange declined 0.44 per cent to US$ 2022 per tonne on Friday, December 11, 2020. Both LME aluminium cash (bid) price and LME official settlement price decreased by US$ 9 per tonne to US$ 2022 per tonne on Friday, December 11, following two consecutive hikes to US$ 2031 per tonne. 3-months bid price and 3-months offer price stood at US$ 2034.50 per tonne, down by US$ 7.50 per tonne from US$ 2042 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 2062.50 per tonne. The LME aluminium opening stock decreased from 1333375 tonnes to 1329600 tonnes on December 11. Live Warrants stood at 1150875 tonnes, while Cancelled Warrants at 178725 tonnes....
The Indian born British industrialist Sanjeev Gupta, whose business empire includes the Lochaber aluminium smelter in Scotland, the UK’s only aluminium smelter, said: “The post-Brexit UK should abandon the European Union’s ‘outdated’ emissions rules.” The call comes from the billionaire businessman as the British Government examines to adopt national emissions trading (ETS), which is analogous to the European Union’s ETS. However, it also accords with this weekend’s UK and France-hosted climate action summit, a forbearer to UN talks in Glasgow next year. Sanjeev Gupta, the Executive Chairman and CEO of GFG Alliance, whose Paris-based subsidiary Alvance Aluminium Group, a globally integrated aluminium business that brings together assets across the aluminium supply chain from raw materials...
On Friday, December 11, Rusal announced that five of its aluminium smelters achieved Aluminium Stewardship Initiative (ASI) Certification. Boguchansky aluminum smelter (BoAZ), Bratsk aluminum smelter (BrAZ), Krasnoyarsk aluminum smelter (KrAZ), KUBAL (Kubikenborg aluminum AB), and Sayanogorsk aluminum smelter (SAZ) have passed the certification audit against the ASI Performance Standards and ASI Chain of Custody Standards carried out by DNV GL and therefore, included in Rusal’s current ASI certificates. So, now, a total of nine Rusal’s facilities meet the requirements of the ASI. In 2019, Rusal’s headquarters and three production sites – Boksit Timana (bauxite mining), Urals aluminium smelter (alumina refining) and Irkutsk aluminium smelter (aluminium smelting, casthouse and alloys...
Vedanta has hiked its aluminium products price after cutting it for the second time in a row. With effect from Thursday, December 10 2020, the prices of some aluminium ingots are in the range of INR 167,500-180,500 per tonne. This marks an increase of INR 1,500 per tonne from INR 166,000-179,000 per tonne on December 9. Billet price has risen to stand at INR 175,500 per tonne on December 10, representing a growth of INR 1,500 per tonne from INR 174,000 per tonne on December 9. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake...
Hydro has inked Memorandum of Understanding (MoUs) for the development of two renewable projects in Brazil. The companies target to reach an investment decision in 2021. Hydro has signed an agreement with Scatec and Equinor for 480 MW solar power plant in Brazil. This solar project will be located in Rio Grande do Norte in Brazil. “The MoU contemplates joint ownership and development of the project by the three parties and offtake of part of the power production by Hydro.” In addition to this, the company has signed a MoU with Green Investment Group (GIG), to develop a combined wind and solar project with 620 MW installed capacity. The project will be located in Piauí/Pernambuco, northeast in Brazil. These agreements are an important step for Hydro’s newly established Renewable Growth...
The Norwegian aluminium company Hydro stated that it would emphasis on the production of low-carbon aluminium, as well as broaden its portfolio into recycling, renewables and batteries by 2025. Hilde Merete Aasheim, President and CEO of Hydro, said: “We have generated cash, cut costs and delivered extensive operational improvements across the company, providing a solid foundation for our growth agenda.” “Now, we’re raising the bar, setting a new ambitious improvement target for 2025, combined with a clear strategy to make Hydro a profitable and sustainable industry leader.” In the previous year, the company said it has focused on “keeping the wheels turning, maintaining a healthy and safe work environment,” while also working to position the company for the future. Hydro’s development...
Benchmark aluminium price on London Metal Exchange rose 1.04 per cent to US$ 2031 per tonne on Thursday, 10 December 2020, from US$ 2010 per tonne on Wednesday. As of Thursday December 10, LME aluminium cash (bid) price stands at US$ 2031 per tonne, LME official settlement price stands at US$ 2031 per tonne; 3-months bid price stands at US$ 2042 per tonne, 3-months offer price is US$ 2042 per tonne; Dec 21 bid price stands at US$ 2070.50per tonne, and Dec 21 offer price stands at US$ 2070.50per tonne. The LME aluminium opening stock stood at 1333375 tonnes. Live Warrants totalled 1150875 tonnes, and Cancelled Warrants were 182500 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2045 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased...
According to the Shanghai Metals Market, social inventories of primary aluminium in China have shrunk by 4,000 tonnes on Thursday, December 10, following a hike by the same amount last week. SMM data shows the inventories have dropped across eight major consumption areas, including SHFE warrants, to come in at 596,000 tonnes in comparison with 60,000 tonnes on December 3. The chart below indicates the current status of primary aluminium inventories across China in more details: The decline in primary aluminium inventories today, however, have not touched upon all the major Chinese cities except for Nanhai and Shanghai. While in the former, the inventories have decreased by 11,000 tonnes to stand at 141,000 tonnes, in the latter, the inventories have plunged by 2,000 tonnes to come in at...
Hindalco Industries Limited extended its aluminium ingot and aluminium product price cut on Wednesday, December 9, despite a hike in global aluminium benchmark price on the London Metal Exchange. Hindalco’s aluminium ingot price has been reduced by INR 1,500 per tonne to INR 168,750 per tonne, compared with the cut of INR 2,750 per tonne to INR 170,250 per tonne on December 8. This shows Hindalco’s aluminium ingot price was reduced slower by INR 1,250 per tonne on December 9. Hindalco’s aluminium wire rod price, as of December 9, came in at INR 179,850 per tonne, down by INR 1,500 per tonne from INR 181,350 per tonne on December 8. The company’s aluminium billets price has also been cut by INR 1,500 per tonne from INR 181,350 per tonne to INR 175,850 per tonne. The three-month futures of...
The LME complex mostly advanced on Wednesday, December 9, with aluminium increased 1.85 per cent. Benchmark aluminium price on the London Metal Exchange rose by 1.21 per cent on December 9. Both LME aluminium cash (bid) price and LME official settlement price rebounded to US$ 2010 per tonne on Wednesday, December 9, following a plunge from US$ 2004 per tonne to US$ 1986 per tonne on December 8. 3-months bid price and 3-months offer price stood at US$ 2027.50 per tonne, up by US$ 20.50 per tonne from US$ 2007 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 2062.50 per tonne. The LME aluminium opening stock decreased from 1343950 tonnes to 1338575 tonnes on December 9. Live Warrants stood at 1144850 tonnes, while Cancelled Warrants at 193725 tonnes. LME aluminium 3-months...
Rio Tinto on December 8 presented the “Clean Growth Forum – Toward a low-carbon future” under the UK in JAPAN campaign. The forum was held for a discussion on the global climate challenge. Representatives of the public and private sectors of the U.K. and Japan gave their insightful thought on how partnerships are critical to tackle climate change through technology, policy and materials. The Clean Growth Forum was officially supported by both the British Embassy Tokyo and the Japanese Ministry of the Environment. Xavier Chalbot, Rio Tinto’s Head of Strategy, said, “Rio Tinto recognises the unprecedented challenge that climate change represents but we believe it also presents opportunities. As producers of the materials essential to human progress, we are well positioned for the transition...
Vedanta has cut its aluminium products price for the second time in a row. With effect from Wednesday, December 9 2020, the prices of some aluminium ingots are in the range of INR 166,000-179,000 per tonne, down by INR 1,250 per tonne from INR 167,250-180,250 per tonne on December 8. Billet price came in at INR 174,000 per tonne on December 9, registering a decrease of INR 1,250 per tonne from INR 175,250 per tonne on December 8. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat Aluminium Co Ltd and smelters at...
Benchmark aluminium price on London Metal Exchange dropped 0.9 per cent to US$ 1986 per tonne on Tuesday, 08 December 2020, from US$ 2004 per tonne on Monday. As of Tuesday December 8, LME aluminium cash (bid) price stands at US$ 1986 per tonne, LME official settlement price stands at US$ 1986 per tonne; 3-months bid price stands at US$ 2007 per tonne, 3-months offer price is US$ 2007 per tonne; Dec 21 bid price stands at US$ 2040.50 per tonne, and Dec 21 offer price stands at US$ 2040.50 per tonne. The LME aluminium opening stock stood at 1343950 tonnes. Live Warrants totalled 1153600 tonnes, and Cancelled Warrants were 190350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2008.40 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased...
China’s primary aluminium output stood at 3.16 million tonnes in November, marking a growth of 7.77% year on year, according to an SMM survey. The daily average output inched up 600 tonnes month-on-month to 105,400 tonnes in November. In January-November 2020, aluminium production climbed 4.5% year on year to 33.85 million tonnes. China’s consumption of primary aluminium was 34.83 million tonnes, up 5.81%. The operating capacity of primary aluminium was 38.79 million tonnes among 42.75 million tonnes per year of existing capacity as of early December. The operating rates across aluminium producers stood at 90.8%. Primary aluminium output in China is likely to stand at 3.27 million tonnes in December, SMM expects, while import at about 100,000 tonnes. Aluminium processors in Henan and...
Vedanta Limited has reduced the prices of its aluminium ingot and aluminium product with effect from Tuesday, December 8, following a hike last week on December 2. Vedanta has cut its aluminium ingot price by INR 2,750 per tonne or 1.62 per cent from INR 170,000-183,000 per tonne to INR 167,250-180,250 per tonne. With the latest hike, Vedanta’s aluminium wire rod price has come in at INR 174,750-182,250 per tonne, down by INR 2,750 per tonne from INR 177,500-185,000 per tonne on December 2. Vedanta’s aluminium billets price is standing at INR 175,250 per tonne versus INR 178,000 per tonne last week. Vedanta links the prices of its aluminium ingot and aluminium products to the three-month futures of aluminium on the London Metal Exchange, which started decreasing from December 3 from US$...
