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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Hindalco Industries Limited has cut its aluminium ingot and aluminium product prices with effect from Tuesday, December 8, in line with the decline in global aluminium benchmark price on the London Metal Exchange since December 3. With the latest cut, Hindalco's aluminium ingot price has come in at INR 170,250 per tonne, down by INR 2,750 per tonne from INR 173,000 per tonne on December 2. Hindalco’s aluminium product price cut on December 8 has pulled down the price of aluminium wire rod by INR 2,750 per tonne as well. So, the price is now hovering at INR 181,350 per tonne against INR 184,100 per tonne on December 2. The company is currently selling its aluminium billets at INR 177,350 per tonne, also down by INR 2,750 per tonne from INR 180,100 per tonne. The three-month futures of...
Aluminium Bahrain (Alba) has completed a major safety milestone of 5 million working-hours without Lost Time Injury (LTI) across its operations on 07 December 2020. The company this year received five awards, including National Safety Council awards, International Safety Award with Merit from British Safety Council and Gold Medal Health and Safety Award from the Royal Society for the Prevention of Accidents (RoSPA). Alba’s Chief Executive Officer Ali Al Baqali said: “Our ability to be resilient has helped us to emerge collectively - employees and contractors - stronger than before. As we continue to grow as a Company, we also seek to continuously improve our Safety performance. At the end of the day, what really matters is the Safety of our workforce.” Alba was one of the few smelters in...
On Monday, December 7, Century Aluminum of South Carolina (CASC), a wholly-owned subsidiary of Century Aluminum Company, announced that it entered a preliminary agreement with Santee Cooper (South Carolina Public Service Authority) for a new, three-year power contract for Mt. Holly smelter. According to the contract, Santee Cooper is expected to provide a minimum 290MW of electric power to allow the smelter to increase its current production by 50 per cent. Century Aluminum is reportedly planning to add one-half of one potline to its current operation to bring up the total production to 75 per cent of Mt. Holly’s full capacity. Both Century Aluminum and Santee Cooper have agreed to extend the current contract by three months, which was previously set to expire on December 31, 2020, until...
The LME complex ended mixed on Monday, with aluminium fell 1.37 per cent. Benchmark aluminium price on the London Metal Exchange plunged by 1.16 per cent on Monday, December 7. Both LME aluminium cash (bid) price and LME official settlement price extended downfall from US$ 2027.50 per tonne on December 4 to US$ 2004 per tonne on December 7. 3-months bid price and 3-months offer price stood at US$ 2018.50 per tonne, declining by US$ 21.50 per tonne from US$ 2040 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 2046.50 per tonne. The LME aluminium opening stock decreased from 1353350 tonnes to 1350575 tonnes on December 7. Live Warrants hovered at 1155550 tonnes, while Cancelled Warrants at 195025 tonnes. LME aluminium 3-months Asian Reference Price stood at US$ 2016.50 per...
The year 2020, has been a year of happenings, a year full for negative trends starting from World War III rumours, Earthquakes, Cyclones, Locust attack, Bushfires, Worldwide economic downturn and the novel Coronavirus. The COVID-19 pandemic has alone been the biggest source of worry for people, claiming close to 1.54 million lives worldwide, and still going strong, even as the world struggles to come up with its vaccine. The hardest-hit segment from COVID-19 is the manufacturing sector. The lockdown that followed brought the manufacturing facilities to a standstill, derailing the entire global supply chain. Looking into this situation, AlCircle is launching “AlCircle Bridge” , an initiative to support owners of plant & machinery who are compelled to sell their assets but are finding it...
A00 aluminium ingot price in China has extended decline for the third day in a row to stand at RMB 16,500 per tonne on Monday, December 7, according to the Shanghai Metals Market. The price has decreased by RMB 110 per tonne, slower compared with the decline of RMB 240 per tonne on Friday, December 4. The average prices today are expected to range between RMB 16,480 per tonne and RMB 16,520 per tonne, with spot contract to be traded at a premium price of RMB 80-120 per tonne, down by RMB 10 from the previous day. In Hangzhou, A00 aluminium ingot price has decreased by RMB 180 per tonne to come in at RMB 16,520 per tonne, followed by the fall of RMB 140 per tonne in Wuxi to RMB 16,500 per tonne. In Gongyi, Foshan, and Chongqing, the primary aluminium ingot price has plunged by RMB 120 per...
Three-month LME aluminium closed1.29% higher at US$2,041 per tonne on Friday, 4 December 2020. SMM expects the contract to trade between US$2,010-2,060 per tonne today. As of Friday December 4, LME aluminium cash (bid) price stands at US$ 2027.50per tonne, LME official settlement price stands at US$ 2027.50 per tonne; 3-months bid price stands at US$ 2040 per tonne, 3-months offer price is US$ 2040 per tonne; Dec 21 bid price stands at US$ 2064.50per tonne, and Dec 21 offer price stands at US$ 2064.50 per tonne. The LME aluminium opening stock stood at 1353350 tonnes. Live Warrants totalled 1164525 tonnes, and Cancelled Warrants were 188825 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2035.50per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
According to a statement by a contactor associated with Tiwai Point Aluminium Smelter, all non-essential services will soon be withdrawn from the Southland plant. The contractor even said, on a condition of anonymity, that the New Zealand Aluminium Smelter staff held a meeting with some suppliers this week to notify the information. The man said the meeting was to discuss the use of existing stocks from suppliers amid the ongoing uncertainty. Another source informed that the services which have no direct impact on the smelter’s functionality would be suspended by the end of 2020. Gore Mayor and Southland Mayor forum chairman Tracy Hicks said that he also heard about the notifications given to contractors. "I can’t say for sure but I have heard ... some notifications [were] given to...
SMM aluminium ingot price started the week higher. The price on Monday, 30 November stood at RMB 16770 per tonne, up RMB 440 per tonne from Friday. The price continued to perform higher till Wednesday. Aluminium ingot price ended the week lower at RMB 16610 per tonne on Friday, 4 December 20202020, from RMB 16850 per tonne on Thursday. According to Shanghai Metals Market, primary aluminium ingot inventories continued to decline this week. Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 4,000 tonnes to 600,000 tonnes as of December 3. The alumina price in China registered a growth on Tuesday and Wednesday. The price on Wednesday rose RMB4 per tonne from Tuesday. The alumina price is currently hovering at RMB 2292...
Benchmark aluminium price on the London Metal Exchange recorded a hike of 99 per cent during November 30-December 4. LME aluminium cash (bid) price and LME official settlement price started the week on Monday, November 30, at US$ 2014.50 per tonne, soaring by US$ 39.50 per tonne from US$ 1975 per tonne on November 27. On Tuesday, December 1, the prices stood higher at US$ 2045.50 per tonne, which grew further to US$ 2051.50 per tonne on Wednesday, December 2. On Thursday, December 3, both LME aluminium cash (bid) price and LME official settlement price slipped $23.50 per tonne to peg at $2028 per tonne; however, stood almost flat at US$ 2027.50 per tonne to end the week on December 4. 3-months bid price and 3-months offer price stood at US$ 2022.50 per tonne on Monday and grew on Tuesday,...
Anil Agarwal’s Vedanta Aluminium is the largest producer of aluminium in India. The green metal is a sovereign decisive influential commodity and stands second in the list of preferential metals in the world. The characteristics and utility of aluminium prioritize it as a metal of choice and it is adapted for profound usage in key sectors like defence, aerospace, automobile and infrastructure. It plays a key role in the government's visionary initiatives- Make in India, Smart Cities, Power for All, indigenous space programs etc. The aluminium sector delivers opportunities for over 800,000 (approx.) people directly and indirectly and with such advantages, it justifies being considered as a major industry, corresponding to the steel sector. Vedanta's endeavour to enlarge its production of...
Aluminium demand in China is expected to decrease by 5.4 per cent in 2020 and rebound by 6 per cent in 2021, said Miles Prosser, Secretary General of the International Aluminium Institute, while speaking to local and international delegates at the Shanghai Metals Market's 2020 Nonferrous Metals Industry Chain Annual Conference in Suzhou. Prosser has analysed that the COVID-19 pandemic would be having a profound impact on global economic activities in the near term, resulting in a decline in aluminium demand. In the medium term, a large number of regions and markets across the globe would be affected, creating a maximum impact on the transportation and construction industries. The pandemic is also likely to affect the recovery cycles of the metals. For instance, the recovery cycle of...
AlCircle team is now gearing up for its upcoming e-Magazine titled “Green Aluminium: Sustainable Future for the Industry” after successfully launching the fifth edition of e-Magazine “Covid-19 Impact: Importance & Emergence of Industry 4.0”. “Green Aluminium: Sustainable Future for the Industry” is an attempt to bring industry leaders’ perspective on how they think green aluminium can help achieve climate sustainability goals and meet the demands of ever more climate-conscious consumers. The low carbon economy transition has led the producers to create more sustainable material. The products with a low carbon footprint help in minimizing global emissions. Infinitely recyclable aluminium is significant in this move. Low carbon aluminium or green aluminium products are designed for a more...
Prebaked anode price in Southwest China market has edged higher by RMB 135 per tonne. As on Friday, 04 December 2020, prebaked anode price has ranged at RMB 3565-3850 per tonne. The average price stands at RMB 3,707.5 per tonne, from its previous price of RMB 3572.5 per tonne. The average prices of prebaked anode in East, Central, and Northwest China markets remain unchanged at RMB 3485 per tonne, RMB 3575 per tonne, and RMB 3825 per tonne respectively. A00 aluminium ingot price has decreased by RMB 240 per tonne from RMB 16850 per tonne on December 3 to RMB 16610 per tonne on Friday, 04 December 2020. This marks the second consecutive fall of aluminium ingot prices. The price is expected to move within a range of RMB 16590 per tonne-16630 per tonne. Al Fluoride has registered a hike...
The LME complex closed mixed on Thursday, with aluminium dropped 2.23 per cent. Benchmark aluminium price on the London Metal Exchange declined by US$ 23.50 per tonne on December 3. LME aluminium cash (bid) price and LME official settlement price slipped from US$ 2051.50 per tonne to US$ 2028 per tonne on December 3, 2020, following four consecutive hikes. 3-months bid price and 3-months offer price stood at US$ 2039.50 per tonne, declining by US$ 22.50 per tonne from US$ 2062 per tonne in the previous day. Dec 21 bid price and Dec 21 offer price came in at US$ 2059 per tonne. The LME aluminium opening stock decreased from 1364175 tonnes to 1358425 tonnes on December 3. Live Warrants hovered at 1168775 tonnes, while Cancelled Warrants at 189650 tonnes. LME aluminium 3-months Asian...
Aluminij Industries has joined Aluminium Stewardship Initiative as a new Production & Transformation member. This brings the total number of ASI Members to 146. The company, built in 1975 in Bosnia and Herzegovina, has an annual production capacity exceeding 130.000 metric tons. “As a pillar of Bosnia and Herzegovina’s manufacturing base and overall economy, we are committed to using durable and recyclable materials with a low carbon footprint. Our low-carbon Product Lifecycle Management meets our customers’ demand for environmentally responsible products. Our production processes consider all available measures from innovative solutions through to repurposing, reuse, and recycling,” said Mr. Amir Gross Kabiri, Chairman & CEO. Aluminij is a leading European aluminium manufacturer with...
According to the Shanghai Metals Market, primary aluminium inventories in China have built up this week ending on Thursday, December 3, after six consecutive weeks of downfall. SMM data shows the inventories have gained 4,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 600,000 tonnes. On last Thursday, November 26, primary aluminium inventories were at 596,000 tonnes after declining by 19,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Wuxi have increased the highest by 8,000 tonnes to stand at 171,000 tonnes, followed by the hike of 6,000 tonnes in Gongyi to peg at 64,000 tonnes. In Shanghai and Hangzhou, the inventories have grown by...
PT Indonesia Asahan Aluminum (Persero), INALUM again held a friendly meeting with Aluminum consumers on a virtual platform. The activity is routinely carried out every year, however this time it was slightly different because it is carried on the virtual platform by paying attention to the New Habit Adaptation protocol amid a pandemic. More than 90 INALUM loyal consumer companies from Jakarta, Medan, Surabaya and surrounding areas attended the event. Oggy Achmad Kosasih, Managing Director, INALUM in his remarks expressed his hopes regarding aluminium production amid a pandemic. “Despite experiencing tough challenges, INALUM is optimistic that it can continue to maintain production and be able to carry out strategic projects well.” "With this virtual customer gathering with the theme...
